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ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XIII PART V, LINE 4 - INTENDED USE FOR ENDOWMENT FUNDS. THE ENDOWMENT FUND IS INTENDED TO SUPPORT ASSOCIATION'S INITIATIVES. ASC 740-10, "INCOME TAXES," REQUIRES THE ASSOCIATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ASSOCIATION'S FINANCIAL STATEMENTS. THE ASSOCIATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE, COMMONWEALTH OF MASSACHUSETTS, AND THE STATE ILLINOIS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTE FILING. 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