2024-12-16T15:01:26-06:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-09-01 366080766 MILLION DOLLAR ROUND TABLE FOUNDATION MILL 8476926378 325 W TOUHY AVENUE PARK RIDGE IL 60068 MICHELE L STAUFF EXECUTIVE DIRECTOR 8476926378 2024-12-13 1 1 MELISSA E STRUCK P01310867 6305738600 2024-12-13 2023 2024-10-15 13:58:12Z MICHELE L STAUFF 325 W TOUHY AVENUE PARK RIDGE IL 60068 11330464 0 X WWW.MDRTFOUNDATION.ORG X 1959 IL THE MDRT FOUNDATION IS THE CHARITABLE ARM OF MILLION DOLLAR ROUND TABLE (MDRT), A GLOBAL ASSOCIATION OF FINANCIAL SERVICES PROFESSIONALS. THE MISSION OF THE MDRT FOUNDATION IS TO INCREASE MEMBER AND INDUSTRY PARTICIPATION AND TO GIVE FUNDS TO WORTHWHILE CHARITABLE ORGANIZATIONS THROUGHOUT THE WORLD. 18 18 0 326 0 0 1691704 1701856 0 0 283578 1161038 9336 16826 1984618 2879720 1789828 1835968 0 0 0 0 0 0 111857 502465 547444 2292293 2383412 -307675 496308 33715111 37279866 184371 135565 33530740 37144301 THE MDRT FOUNDATION GIVES TO CHARITABLE ORGANIZATIONS WORLDWIDE, DEMONSTRATING THE GENEROSITY, SERVICE, AND IMPACT OF MDRT MEMBERS. 0 0 1891839 1835968 THE MDRT FOUNDATION PROVIDES GRANT FUNDING TO A DIVERSE RANGE OF CHARITABLE PROGRAMS WORLDWIDE. GRANT AWARDS ARE DETERMINED BY A GRANT APPLICATION PROCESS, FOUNDATION POLICY, OR BY THE BOARD OF TRUSTEES. ALL GRANT RECIPIENTS MUST MEET ELIGIBILITY REQUIREMENTS, INCLUDING OPERATING AS A NOT-FOR-PROFIT FOR CHARITABLE PURPOSES. 1891839 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 1 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 IL X DAVID DICKHUDT 8479934908 325 W TOUHY AVE PARK RIDGE IL 60068 MOHAMAD MANMOHAN ABDULLAH CHFC CLU TRUSTEE 0.50 X 0 0 0 ADRIAN P BAKER DIPPFS IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 JOHN R BENTON JR CHFC CLTC TRUSTEE 0.50 X 0 0 0 DAVID C BLAKE SECRETARY 1.00 X X 0 0 0 TIMOTHY DANIEL CLAIRMONT CFP MSFS TRUSTEE 0.50 X 0 0 0 ALESSANDRO M FORTE FCII CFP VICE PRESIDENT 1.00 X X 0 0 0 SIMON JOHN GIBSON DIPPFS TRUSTEE 0.50 X 0 0 0 JULIANNE HERTEL CLU CHFC TRUSTEE 0.50 X 0 0 0 HEATHER LINDSLEY LUTCF RICP TREASURER 1.00 X X 0 0 0 ANDREW C LORD CLU CHFC PRESIDENT 1.00 X X 0 0 0 MILIANA MARTEN AEPP TRUSTEE 0.50 X 0 0 0 AURORA L TANCOCK FLMI CFP TRUSTEE 0.50 X 0 0 0 ROSS VANDERWOLF CFP TRUSTEE 0.50 X 0 0 0 CHENG HUANN YEOH CHFC CLU TRUSTEE 0.50 X 0 0 0 JOHAN FANGGARA CFP TRUSTEE 0.50 X 0 0 0 THIAN LUNG JONG TRUSTEE 0.50 X 0 0 0 ADDIE MURDOCK TRUSTEE 0.50 X 0 0 0 PARESH B SHAH CFP TRUSTEE 0.50 X 0 0 0 PEGGY TSAI RFP CCFP EXECUTIVE COMMITTEE LIASON 0.25 X 0 0 0 MICHELE STAUFF CFRE EXECUTIVE DIRECTOR 40.00 X 0 177163 23751 KAREN MATTS GLOBAL DEVELOPMENT MANAGER 40.00 X 0 114794 26141 0 291957 49892 0 0 1 0 0 308283 1393573 1701856 690119 690119 8921663 8450744 470919 470919 470919 OTHER REVENUE 900099 16826 16826 16826 2879720 0 0 1177864 1552147 1552147 283821 283821 100000 20000 20000 60000 133799 133799 40138 40138 4420 4420 32621 9768 22853 34414 34414 109955 101298 8657 7999 7999 GRANT AND SERVICE PROJE 35871 35871 DONOR DEVELOPMENT AND R 7928 7928 BANKING AND CREDIT CARD 7076 7076 33223 33223 2383412 1891839 379716 111857 284363 170057 1982602 2742795 38826 55606 18670 228333 198726 37606 29607 23139484 25698734 3805805 3760929 4426425 4803468 33715111 37279866 184371 135565 184371 135565 X 33480740 37144301 50000 0 33530740 37144301 33715111 37279866 X 496308 2694608 422645 X X 0 1 X 1 0 X 1583480 1868542 1864262 1691704 1701856 8709844 1583480 1868542 1864262 1691704 1701856 8709844 1785013 6924831 857940 528520 739286 746514 690119 3562379 38691 9108 15418 9336 16826 89379 12361602 0.56020 0.55080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27183375 17845 3721847 672613 30250454 26085430 65797 1687783 655635 27183375 31135251 130345 -4540443 639723 26085430 26655454 58923 5012916 592042 31135251 24874648 460340 1887471 567005 26655454 1.00000 0 0 228333 198726 29607 29607 HEDGE FUNDS 3760929 F 3760929 CASH SURRENDER VALUE - LIFE INSURANCE 4803468 4803468 X 6900058 2694608 1036884 422645 4154137 2745921 133799 133799 2879720 3286497 1036884 1036884 2249613 133799 133799 2383412 PART V, LINE 4: TO GENERATE INCOME TO BE USED AS A BASIS FOR ISSUING GRANTS TO OTHER QUALIFIED ORGANIZATIONS. PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). THE FOUNDATION FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF CONTRIBUTED LIFE INSURANCE POLICIES, NET 422,645. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANT MAKING CHARITABLE GRANTS 1000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS IN HEDGE FUNDS INVESTMENTS IN HEDGE FUNDS 3760929 EAST ASIA AND THE PACIFIC - 0 0 GRANT MAKING CHARITABLE GRANTS 147035 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANT MAKING CHARITABLE GRANTS 72000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 GRANT MAKING CHARITABLE GRANTS 1000 NORTH AMERICA - CANADA AND MEXICO, 0 0 GRANT MAKING CHARITABLE GRANTS 19000 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANT MAKING CHARITABLE GRANTS 36286 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANT MAKING CHARITABLE GRANTS 7500 0 0 0 0 0 0 4044750 0 4044750 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, SOCIAL SERVICES 10000 CASH PAYMENT 0 EUROPE (INCLUDING ICELAND & GREENLAND) SOCIAL SERVICES 10000 CASH PAYMENT 0 EAST ASIA AND THE PACIFIC SOCIAL SERVICES 5500 CASH PAYMENT 0 EAST ASIA AND THE PACIFIC SOCIAL SERVICES 27285 CASH PAYMENT 0 EAST ASIA AND THE PACIFIC SOCIAL SERVICES 15000 CASH PAYMENT 0 EAST ASIA AND THE PACIFIC SOCIAL SERVICES 10000 CASH PAYMENT 0 SUB-SAHARAN AFRICA SOCIAL SERVICES 7500 CASH PAYMENT 0 EAST ASIA AND THE PACIFIC SOCIAL SERVICES 7500 CASH PAYMENT 0 EAST ASIA AND THE PACIFIC SOCIAL SERVICES 7000 CASH PAYMENT 0 EUROPE (INCLUDING ICELAND & GREENLAND) SOCIAL SERVICES 6000 CASH PAYMENT 0 EAST ASIA AND THE PACIFIC SOCIAL SERVICES 5500 CASH PAYMENT 0 11 0 0 1 0 0 0 PART I, LINE 2: THE FOUNDATION REQUIRES POTENTIAL GRANTEES TO PROVIDE FINANCIAL STATEMENTS, BUDGETS, AND DOCUMENTATION THAT THEY ARE OPERATING FOR CHARITABLE PURPOSES. UPON RECEIVING A GRANT, ORGANIZATIONS ARE REQUESTED TO PROVIDE A REPORT AS TO HOW GRANT FUNDS WERE USED RELATIVE TO THE PROJECT FOR WHICH FUNDING WAS AWARDED. 1 AMERICA'S MIGHTY WARRIOR PO BOX 8114 SURPRISE AZ 853740118 273409190 501(C)(3) 7500 0 SOCIAL SERVICE BEAR NECESSITIES PEDIATRIC CANCER FOUNDATION 55 WEST WACKER DRIVE SUITE 1100 CHICAGO IL 60601 363874655 501(C)(3) 6000 0 SOCIAL SERVICE BLOOD WATER MISSION INC PO BOX 60381 NASHVILLE TN 37206 562483082 501(C)(3) 6000 0 SOCIAL SERVICE BRIANS WISH 11625 CUSTER RD STE 110 FRISCO TX 750358784 922019217 501(C)(3) 7500 0 SOCIAL SERVICE CAMP POSSIBILITIES INTERNATIONAL 1614 PENFIELD ROAD ROCHESTER NY 146252390 872984627 501(C)(3) 10000 0 SOCIAL SERVICE DIABETES RESEARCH INSTITUTE 200 SOUTH PARK ROAD SUITE 100 HOLLYWOOD FL 33021 591361955 501(C)(3) 6000 0 SOCIAL SERVICE GILDA'S CLUB CHICAGO 537 NORTH WELLS STREET CHICAGO IL 60654 364115144 501(C)(3) 10000 0 SOCIAL SERVICE GLOBAL PEDIATRIC ALLIANCE PO BOX 64006 SAN FRANCISCO CA 941640046 462277766 501(C)(3) 10750 0 SOCIAL SERVICE HUDSON LINK FOR HIGHER EDUCATION IN PRISON 23 STATE STREET OSSING NY 10562 134132348 501(C)(3) 5500 0 SOCIAL SERVICE LETTERS TO STRANGERS 2058 NORTH MILLS AVE 718 UPLAND CA 917112812 830837546 501(C)(3) 288470 0 SOCIAL SERVICE LIFE HAPPENS 308 BOURQUE ST KAPLAN LA 705482412 365087371 501(C)(3) 25000 0 SOCIAL SERVICE MAD ANTHONYS CHILDREN'S HOPE HOUSE 7922 W JEFERSON BLVD FORT WAYNE IN 46804 352032408 501(C)(3) 10000 0 SOCIAL SERVICE MAINSPRING 1100 W LIVE OAK ST AUSTIN TX 787045043 741143055 501(C)(3) 10000 0 SOCIAL SERVICE NEW IMAGE YOUTH CENTER 208 S PARAMORE AVE ORLANDO FL 328052253 562482818 501(C)(3) 25000 0 SOCIAL SERVICE ONE MILLION WELLS PO BOX 771204 MEMPHIS TN 381771204 821963744 501(C)(3) 25000 0 SOCIAL SERVICE OREGON STATE UNIVERSITY FOUNDATION 4238 SW RESEARCH WAY CORVALLIS OR 973331068 936022772 501(C)(3) 20000 0 SOCIAL SERVICE PAWS WITH PURPOSE INC PO BOX 5458 LOUISVILLE KY 402550458 200681397 501(C)(3) 7500 0 SOCIAL SERVICE RANCH HAND RESCUE 9477 FORT WORTH DR ARGYLE TX 762269371 264610450 501(C)(3) 7500 0 SOCIAL SERVICE RISEN SAVIOR MISSIONS PO BOX 61 FARMINGTON MN 550240061 411990570 501(C)(3) 7500 0 SOCIAL SERVICE RITE OF PASSAGE ADOLESCENT TREATMENT CENTERS AND SCHOOLS INC 2560 BUSINESS PKWY STE B MINDEN NV 894238961 680038804 501(C)(3) 50000 0 SOCIAL SERVICE RSVP OF ENID AND NORTH CENTRAL OKLAHOMA INC 351 N AIR DEPOT BLVD STE 0 OKLAHOMA CITY OK 731101760 731076184 501(C)(3) 20000 0 SOCIAL SERVICE SECOND HARVEST FOODBANK OF EAST TENNESSEE 136 HARVEST LANE MARYVILLE TN 37801 581450139 501(C)(3) 10000 0 SOCIAL SERVICE SEED PROGRAMS INTERNATIONAL 125 S LEXINGTON AVE SUITE 101-11 ASHEVILLE NC 28801 562092576 501(C)(3) 25000 0 SOCIAL SERVICE SMOKY MOUNTAIN SERVICE DOGS 110 TOOWEKA CIRCLE LOUDON TN 377742609 273365083 501(C)(3) 10000 0 SOCIAL SERVICE SPIRITUAL CARE CONSULTANTS 1375 W GREEN ST STE 1 HASTINGS MI 490581708 261196044 501(C)(3) 50000 0 SOCIAL SERVICE SURGE FOR WATER 1658 N MILWAUKEE AVE 100-14070 CHICAGO IL 606476905 462762697 501(C)(3) 10000 0 SOCIAL SERVICE HUMAN TRAFFICKING SERVICE CENTER 303 5TH ST NEW CASTLE PA 161171903 854396763 501(C)(3) 7500 0 SOCIAL SERVICE TO WRITE LOVE ON HER ARMS TWLOHA INC PO BOX 2203 MELBOURNE FL 32902 260789229 501(C)(3) 10000 0 SOCIAL SERVICE UNIVERSITY OF TENNESSEE FOUNDATION INC (CAIT) 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 621844686 501(C)(3) 12000 0 SOCIAL SERVICE WEISS SCHOLARSHIP FOUNDATION 620 HARLOWE CT NAPERVILLE IL 60565 822875554 501(C)(3) 25000 0 SOCIAL SERVICE WELLS BRING HOPE 16563 PARK LANE CIRCLE LOS ANGELES CA 900491184 273123341 501(C)(3) 12600 0 SOCIAL SERVICE 31 PART I, LINE 2: THE FOUNDATION REQUIRES POTENTIAL GRANTEES BASED IN THE UNITED STATES TO PROVIDE FINANCIAL STATEMENTS, BUDGETS, AND IRS DOCUMENTATION OF 501(C)(3) STATUS. UPON RECEIVING A GRANT, ORGANIZATIONS ARE REQUESTED TO PROVIDE A REPORT AS TO HOW GRANT FUNDS WERE USED RELATIVE TO THE PROJECT FOR WHICH FUNDING WAS AWARDED. 1 0 0 0 0 0 0 0 0 0 MICHELE STAUFF CFRE EXECUTIVE DIRECTOR 0 172163 0 5000 0 0 0 6045 0 17706 0 200914 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S COMPENSATION IS PAID FOR AND DETERMINED BY A RELATED ORGANIZATION. COMPENSATION IS EVALUATED BY THE RELATED ORGANIZATION ON AN ANNUAL BASIS USING COMPENSATION STUDIES. ADDITIONALLY JOB DESCRIPTIONS AND SALARIES ARE REVIEWED BY AN EXTERNAL THIRD PARTY TO ASSESS WHETHER COMPENSATION IS COMPARABLE TO LIKE POSITIONS IN SIMILAR ORGANIZATIONS. THIS PROCESS IS PERFORMED AND DOCUMENTED APPROXIMATELY ONCE OVER TWO TO THREE YEARS. FORM 990, PART VI, SECTION A, LINE 3 DAY TO DAY MANAGEMENT OF THE FOUNDATION HAS BEEN DELEGATED TO THE MILLION DOLLAR ROUND TABLE UNDER A MANAGEMENT AGREEMENT. UNDER THE AGREEMENT, THE MILLION DOLLAR ROUND TABLE PROVIDES MANAGEMENT AND ACCOUNTING SERVICES AND FACILITIES FOR AN ANNUAL FEE OF $100,000. OTHER DIRECT EXPENSES ARE PROCESSED THROUGH THE MILLION DOLLAR ROUND TABLE'S ACCOUNTS PAYABLE SYSTEMS AND ARE REIMBURSED BY THE FOUNDATION MONTHLY. FORM 990, PART VI, SECTION A, LINE 7A ONE MEMBER OF THE BOARD OF TRUSTEES IS ELECTED EACH YEAR BY THE NOMINATING COMMITTEE OF THE MILLION DOLLAR ROUND TABLE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN IS PROVIDED TO THE GOVERNING BODY VIA EMAIL FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION AT ITS FIRST BOARD MEETING EACH YEAR CONDUCTS AN ORIENTATION FOR NEW AND CONTINUING TRUSTEES. AT THIS MEETING, POLICIES AND PROCEDURES, INCLUDING THE CONFLICT OF INTEREST POLICY, ARE DISTRIBUTED AND DISCUSSED. TRUSTEES ARE REQUIRED AT THIS MEETING TO COMPLETE AND SIGN A DISCLOSURE STATEMENT WITH REGARD TO POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS PAID FOR AND DETERMINED BY A RELATED ORGANIZATION. COMPENSATION IS EVALUATED BY THE RELATED ORGANIZATION. COMPENSATION IS EVALUATED BY THE RELATED ORGANIZATION ON AN ANNUAL BASIS USING COMPENSATION STUDIES. ADDITIONALLY JOB DESCRIPTIONS AND SALARIES ARE REVIEWED BY AN EXTERNAL THIRD PARTY TO ASSESS WHETHER COMPENSATION IS COMPARABLE TO LIKE POSITIONS IN SIMILAR ORGANIZATIONS. THIS PROCESS IS PERFORMED AND DOCUMENTED APPROXIMATELY ONCE OVER TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 422,645. FORM 990, PART XII, LINE 2C THE FOUNDATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MILLION DOLLAR ROUND TABLE 325 W TOUHY AVE PARK RIDGE IL 60068 362138427 MEMBERSHIP ORGANIZATION FOR INSURANCE AND FINANCIAL SERVICES PROFESSIONALS IL 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0