2025-06-09T12:13:39-05:00 2024-08-31 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2023-09-01 546063408 CFA INSTITUTE RESEARCH FOUNDATION CFAI 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 MARGARET FRANKLIN CFA INST PRES & CEO & RESRCH FDN BD MEM 4349515499 2025-06-09 1 0 BRIAN KEARNS P02061479 7032868000 2025-06-05 2023 2025-03-06 01:10:19Z MARGARET FRANKLIN 915 EAST HIGH ST CHARLOTTESVILLE VA 22902 5263743 0 X HTTPS://RPC.CFAINSTITUTE.ORG/RESEARCH-FOUNDATION X 1965 VA SEE SCHEDULE OCFA INSTITUTE RESEARCH FOUNDATION'S MISSION IS TO PROVIDE INDEPENDENT, HIGH QUALITY RESEARCH THAT HELPS INVESTMENT PROFESSIONALS EFFECTIVELY FULFILL THEIR DUTIES WITH PRUDENCE, LOYALTY, AND CARE. 12 11 0 20 0 0 381101 332718 2463 2116 518718 2055537 155 245 902437 2390616 40205 36000 0 0 0 0 0 0 0 580214 757993 620419 793993 282018 1596623 19036392 21326131 86794 119025 18949598 21207106 X SEE SCHEDULE OCFA INSTITUTE RESEARCH FOUNDATION'S MISSION IS TO PROVIDE INDEPENDENT, HIGH-QUALITY RESEARCH THAT HELPS INVESTMENT PROFESSIONALS EFFECTIVELY FULFILL THEIR DUTIES WITH PRUDENCE, LOYALTY, AND CARE. THE FOUNDATION EMPHASIZES RESEARCH OF PRACTICAL VALUE TO INVESTMENT PROFESSIONALS,WHILE EXPLORING NEW AND CHALLENGING TOPICS THAT PROVIDE A UNIQUE PERSPECTIVE IN THE EVOLVING PROFESSION OF INVESTMENT MANAGEMENT. 0 0 717909 36000 2116 SEE SCHEDULE O 717909 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NV NY OK OR PA RI SC TN UT VA WA WI WV X KIMBALL MAYNARD 4349515499 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 MARGARET FRANKLIN CFA BOARD MEMBER 1.00 40.00 X X 0 1413115 42890 AARON LOW CFA CHAIR 1.00 0.00 X X 0 0 0 JEFFERY BAILEY CFA VICE-CHAIR 1.00 0.00 X X 0 0 0 GIUSEPPE BALLOCCHI PHD CFA BOARD MEMBER 1.00 0.00 X 0 0 0 AARON BROWN CFA BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIP GRAHAM CFA BOARD MEMBER 1.00 0.00 X 0 0 0 JOANNE HILL PHD BOARD MEMBER 1.00 1.00 X 0 0 0 PUNITA KUMAR-SINHA CFA BOARD MEMBER 1.00 1.00 X 0 8295 0 LOTTA MOBERG PHD CFA BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN SPINNER CFA BOARD MEMBER 1.00 0.00 X 0 0 0 DAVE UDUANU CFA BOARD MEMBER 1.00 0.00 X 0 0 0 KURT WINKELMANN PHD BOARD MEMBER 1.00 0.00 X 0 0 0 KIMBALL E MAYNARD TREASURER 2.00 40.00 X 0 236416 37425 JESSICA LAWSON END 22024 SECRETARY 2.00 40.00 X 0 74265 22615 LYDIA OOGHE SECRETARY 2.00 40.00 X 0 58288 22904 WALTER V HASLETT JR CFA EXEC. DIRECTOR/BOARD (END 8/2023) 0.00 0.00 X 0 368925 39122 0 2159304 164956 0 1 1 0 BLUE MOON COMMUNICATIONS INC 1229 MAPLE AVENUE WILMETTE IL 60091 RESEARCH SERVICES 180000 LUIS GARCIA-FEIJOO 6225 MAYNADA ST CORAL GABLES FL 33146 CONSULTING 163750 2 159776 172942 332718 PUBLICATIONS 513120 2116 2116 2116 573664 573664 245 245 4355000 2873127 1481873 1481873 1481873 2390616 2116 0 2055782 X 15000 15000 21000 21000 37900 37900 425680 425680 9032 5648 3384 152437 152437 240 240 54638 54638 8466 8466 69600 34800 34800 793993 717909 76084 0 70585 36559 66359 62583 18715237 21131809 184211 95180 19036392 21326131 86794 119025 86794 119025 X 18949598 21207106 18949598 21207106 19036392 21326131 1596623 660885 0 X 0 1 X 1 0 X 713861 341684 254501 381101 332718 2023865 713861 341684 254501 381101 332718 2023865 753619 1270246 338549 374217 487709 458895 573909 2233279 4257144 17132 0.29840 0.33070 X BASED ON PUBLIC SUPPORT SUPPLEMENTAL INFORMATION FOR THE 4 TAX YEARS IMMEDIATELY BEFORE THE CURRENT TAX YEAR, THE ORGANIZATION RECEIVED MORE THAN 10% OF ITS SUPPORT FROM THE GENERAL PUBLIC. IN ADDITION, THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND CFA INSTITUTE MEMBERS.CFA INSTITUTE RESEARCH FOUNDATION ALSO PROVIDES COMPLIMENTARY ACCESS TO INVESTMENT INFORMATION SERVICES AND RESEARCH TO THE PUBLIC, AS WELL AS GRANTS TO RESEARCHERS. CFA INSTITUTE RESEARCH FOUNDATION INTENDS ON RECEIVING MORE PUBLIC SUPPORT TO EXCEED THE 33 1/3% PUBLIC SUPPORT TEST IN THE FUTURE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 960000 31000 36000 955000 955000 45205 40205 960000 1026300 23065 5 94370 955000 1180300 27025 100 181125 1026300 1239495 111005 4300 174500 1180300 1.00000 0 0 0 X 3331701 660885 280200 941085 2390616 0 2390616 1074193 280200 280200 793993 0 793993 PART V, LINE 4: CFA INSTITUTE RESEARCH FOUNDATION INTENDS TO UTILIZE ITS ENDOWMENT TO SUPPORT THE RESEARCH ACTIVITIES OF THE FOUNDATION IN PERPETUITY. THE FOUNDATION GRANTS PARTIAL INITIAL FUNDING TO AUTHORS FOR THEIR PROPOSED RESEARCH PROJECTS. UPON COMPLETION AND FINAL APPROVAL OF THE RESEARCH PRODUCT, THE REMAINING GRANT FUNDING IS PAID. THE AMOUNT OF COMMITTED AND UNPAID GRANTS IS DESIGNATED AS NET ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. PART X, LINE 2: THE FOUNDATION HAS PERFORMED AN EVALUATION OF ITS TAX POSITION AND HAS MAINTAINED ITS TAX-EXEMPT STATUS. THE FOUNDATION DETERMINED THAT IT HAS ADEQUATELY PROVIDED FOR ALL OPEN TAX YEARS AND HAS NO UNCERTAIN TAX POSITIONS. 1 DUFF & PHELPS HOLDINGS CORPORATION DBA DUFF & PHELPS LLC 12595 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 823616841 15000 0 N/A N/A GEN SUPPORT 1 RESEARCH GRANTS 3 21000 0 N/A N/A PART I, LINE 2: RESEARCH GRANT PROJECTS ARE INITIATED WITH A PARTIAL PAYMENT. THE GRANT IS FULLY FUNDED AFTER INTERNAL REVIEW AND ACCEPTANCE OF THE COMPLETED RESEARCH PROJECT. X X 1 1 1 0 0 0 0 0 0 0 0 MARGARET FRANKLIN CFA BOARD MEMBER 0 703250 0 694160 0 15705 0 39600 0 3290 0 1456005 0 0 WALTER V HASLETT JR CFA EXEC. DIRECTOR/BOARD (END 8/2023) 0 173291 0 41590 0 154044 0 27866 0 11256 0 408047 0 0 KIMBALL E MAYNARD TREASURER 0 192283 0 40000 0 4133 0 27874 0 9551 0 273841 0 0 PART I, LINE 1A FIRST CLASS OR CHARTER TRAVEL: THE BOARD OF TRUSTEES MAY BE ELIGIBLE FOR FIRST CLASS RAIL TRAVEL. TRAVEL FOR COMPANIONS: THE BOARD OF TRUSTEES ARE ELIGIBLE TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE FOR ONE BUSINESS TRIP PER FISCAL YEAR. THE COST OF THE SECOND TICKET IS COVERED BY CFA INSTITUTE RESEARCH FOUNDATION BUT REPRESENTS TAXABLE INCOME TO THE TRAVELER. THIS BENEFIT DOES NOT ROLL OVER IF NOT USED WITHIN THE FISCAL YEAR. PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE AS FOLLOWS: WALTER V. HASLETT JR.: $129,969 FORM 990, PART VII, COLUMN E & SCHEDULE J, PART I, LINE 1A: PUNITA KUMAR-SINHA RECEIVED $8,295 FOR A TRAVEL COMPANION TICKET. FORM 990, PART III, LINE 4A MEMBER VALUE PROGRAMS: CFA INSTITUTE RESEARCH FOUNDATION SPONSORED, PUBLISHED, AND DISTRIBUTED RESEARCH THAT CONTRIBUTED TO THE GLOBAL BODY OF KNOWLEDGE THAT INVESTMENT PROFESSIONALS AROUND THE WORLD USE IN THEIR DAY-TO-DAY PRACTICE. THE FOUNDATION ALSO OFFERED COMPLIMENTARY ACCESS TO INVESTMENT INFORMATION SERVICES FOR INVESTMENT PROFESSIONALS, INCLUDING CFA INSTITUTE MEMBERS. OVER THE PAST YEAR, THE FOUNDATION PUBLISHED: I. LIFETIME FINANCIAL ADVICE: A PERSONALIZED OPTIMAL MULTILEVEL APPROACH II. AN INTRODUCTION TO ALTERNATIVE CREDIT III. VALUATION HANDBOOK - INTERNATIONAL GUIDE TO COST OF CAPITAL: 2023 SUMMARY EDITION IV. INVESTMENT HORIZON, SERIAL CORRELATION, AND BETTER (RETIREMENT) PORTFOLIOS V. THE ECONOMICS OF PRIVATE EQUITY: A CRITICAL REVIEW VI. INVESTMENT MODEL VALIDATION: A GUIDE FOR PRACTITIONERS VII. BEYOND ACTIVE AND PASSIVE INVESTING: THE CUSTOMIZATION OF FINANCE FORM 990, PART VI, SECTION A, LINE 6 CFA INSTITUTE RESEARCH FOUNDATION HAS ONE SOLE VOTING MEMBER, CFA INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A CFA INSTITUTE, CFA INSTITUTE RESEARCH FOUNDATION'S SOLE VOTING MEMBER, HAS THE EXCLUSIVE RIGHT TO ELECT AND REMOVE ELECTED TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B CFA INSTITUTE RESEARCH FOUNDATION HAS ONE SOLE VOTING MEMBER, CFA INSTITUTE, WHICH HAS THE EXCLUSIVE RIGHT TO ELECT AND REMOVE ELECTED TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE FINANCE AND RISK COMMITTEE AND TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COLLECTED ANNUALLY FROM EACH BOARD OF TRUSTEE MEMBER AND OFFICER AND COMPLIANCE TRAINING ON CONFLICTS OF INTEREST AND THE CODE OF CONDUCT IS REQUIRED FOR ALL BOARD MEMBERS. ANY DISCLOSURES ARE DIRECTED TO THE CFA INSTITUTE CHIEF COMPLIANCE OFFICER. THE RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT VARY BASED ON THE NATURE OF THE CONFLICT AND THE SITUATION; HOWEVER, RESOLUTION COULD INCLUDE PROHIBITING A BOARD MEMBER FROM PARTICIPATING IN A PARTICULAR DELIBERATION AND/OR DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING : PROGRAM SERVICE EXPENSES 425,608. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 425,608. OTHER: PROGRAM SERVICE EXPENSES 72. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72. CFA INSTITUTE 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 541386480 NP PROF ASSOC VA 501(C)(6) N/A N/A 0 CVILLE OPERATIONS HOLDINGS INC 915 EAST HIGH STREET CHARLOTTESVILLE VA 22902 455449709 REAL ESTATE VA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 CFA INSTITUTE O 280200 HISTORICAL COST CFA INSTITUTE C 159776 FAIR MARKET VALUE CFA INSTITUTE P 69600 FAIR MARKET VALUE