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        <Desc>EVENT EXPENSES</Desc>
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        <ContributionsAmt>278592</ContributionsAmt>
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        <EndYearBalanceAmt>1577961</EndYearBalanceAmt>
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        <EndYearBalanceAmt>1451385</EndYearBalanceAmt>
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        <EndYearBalanceAmt>1196100</EndYearBalanceAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
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      <GrantsOtherAsstToIndivInUSGrp>
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        <CashGrantAmt>32486</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE HEADLINERS FOUNDATION HAS BEEN AWARDING SCHOLARSHIPS TO OUTSTANDING STUDENTS INTERESTED IN JOURNALISM FOR THIRTY YEARS. IN AWARDING THE SCHOLARSHIPS, THE FOUNDATION CONSIDERS FIRST OF ALL THE TALENT FOR AND THE COMMITMENT TO JOURNALISM AS DEMONSTRATED IN AN APPLICATION ESSAY AND THE APPLICANT'S INVOLVEMENT WITH JOURNALISM, EITHER PROFESSIONALLY OR ON CAMPUS. THE FOUNDATION ALSO CONSIDERS GRADES AND THE RECOMMENDATIONS OF TEACHERS OR PROFESSIONAL JOURNALISTS. FINANCIAL NEED IS TAKEN INTO CONSIDERATION ONLY WHEN ALL OTHER QUALITIES ARE CONSIDERED EQUAL.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BUDGET AND FINANCE COMMITTEE REVIEW AND THE BOARD APPROVES THE FORM 990 PRIOR TO FILING WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL POTENTIAL CONFLICTS OF INTEREST WITHIN THE HEADLINERS FOUNDATION SHALL BE REPORTED AND REVIEWED TO DETERMINE IF THE CONFLICT IS MATERIAL. DISLCOSURE IN THE ORGANIZATION SHALL BE REPORTED TO THE EXECUTIVE DIRECTOR (OR IF HE/SHE IS THE ONE WITH THE CONFLICT, TO THE BOARD CHAIR), WHO SHALL DETERMINE IF A CONFLICT EXISTS AND IS RELEVANT AND IF SO, BRING THE CONFLICT TO THE ATTENTION OF THE BOARD. DISCLOSURE INVOLVING THE STAFF OR GOVERNOR SHALL BE REPORTED TO THE BOARD CHAIR, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD. THE BOARD SHALL DETERMINE IF A CONFLICT EXISTS AND IS RELEVANT AND WHETHER THE ACTIONS SHALL BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS WILL BE AT THEIR SOLE DISCRETION AND THEIR CONCERN MUST BE FOR THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS MISSION. A COPY OF THIS POLICY SHALL BE GIVEN TO ALL GOVERNORS, OFFICERS AND STAFF MEMBERS UPON COMMENCEMENT OF SUCH PERSON'S RELATIONSHIP WITH THE HEADLINERS FOUNDATION OR AT THE OFFICIAL ADOPTION OF THE STATED POLICY. EACH GOVERNOR, OFFICER OR STAFF MEMBER SHALL SIGN AND DATE THE POLICY AT THE BEGINNING OF HER/HIS TERM OF SERVICE. FAILURE TO SIGN DOES NOT NULLIFY THE POLICY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BUDGET AND FINANCE COMMITTEE APPROVES INCREASES IN THE EXECUTIVE DIRECTOR'S COMPENSATION, WHICH IS SUBSEQUENTLY APPROVED BY THE EXECUTIVE COMMITTEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>