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      <PrimaryExemptPurposeTxt>ARELLO FOUNDATION SHALL EDUCATE THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY. ARELLO FOUNDATION'S EDUCATIONAL AND RESEARCH ACTIVITIES SHALL BE CONDUCTED IN AN OBJECTIVE MANNER, AND SHALL BE PRESENTED WITH A SUFFICIENTLY FULL AND FAIR EXPOSITION OF THE PERTINENT FACTS AS WILL PERMIT AN INDIVIDUAL OR THE PUBLIC TO FORM AN INDEPENDENT OPINION OR CONCLUSION. THE CORPORATION SHALL PRESENT ITS EDUCATIONAL PROGRAMS THROUGH PUBLIC DISCUSSION GROUPS, FORUMS, PANELS, LECTURES, AND SIMILAR ACTIVITIES.</PrimaryExemptPurposeTxt>
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      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>AMBER NUTT</PersonNm>
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      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>JESSICA HICKOK</PersonNm>
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      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>JANET THOREN</PersonNm>
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      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>LEON LEWIS</PersonNm>
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        <FormAndLineReferenceDesc>PART IV, SECTION A, LINE 3B</FormAndLineReferenceDesc>
        <ExplanationTxt>AT YEAR END, THE FOUNDATION COMPLETED A PRO FORMA SCHEDULE A FOR ASSOCIATION OF REAL ESTATE LICENSE LAW OFFICIALS AND IT PASSED THE PUBLIC SUPPORT TESTS APPLICABLE TO A SECTION 509(A)(2) ORGANIZATION.</ExplanationTxt>
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        <ExplanationTxt>DESCRIPTION: MEETING EXPENSE. AMOUNT: 89. DESCRIPTION: AWARDS. AMOUNT: 130. TOTAL TO FORM 990-EZ, LINE 16: 219.</ExplanationTxt>
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        <ExplanationTxt>DESCRIPTION: UNREALIZED GAIN/LOSS. AMOUNT: -2,757.</ExplanationTxt>
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        <ExplanationTxt>DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 168,658. END OF YEAR AMOUNT: 180,767.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES</FormAndLineReferenceDesc>
        <ExplanationTxt>DESCRIPTION: DUE TO AFFILIATE. BEG. OF YEAR AMOUNT: 3,552. END OF YEAR AMOUNT: 1,150.</ExplanationTxt>
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