2026-03-12T10:28:01-05:00 2025-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-07-01 363567019 PHILANTHROFUND FOUNDATION INC PHIL 6128701806 5775 WAYZATA BLVD 700 ST LOUIS PARK MN 55416 LISA BRIMMER TREASURER 6128701806 2026-03-10 1 0 KATHLEEN MCDONNELL P01521081 6512276695 2026-03-10 2024 2025-03-06 01:10:19Z LISA BRIMMER 5775 WAYZATA BLVD 700 ST LOUIS PARK MN 55416 4004068 0 X WWW.PFUNDFOUNDATION.ORG X 1987 MN PFUND FOUNDATION IS A VITAL RESOURCE AND COMMUNITY BUILDER FOR LESBIAN, GAY, BISEXUAL, TRANSGENDER, QUEER AND ALLIED COMMUNITIES BY PROVIDING GRANTS AND SCHOLARSHIPS, DEVELOPING LEADERS, AND INSPIRING GIVING. 16 16 8 100 0 0 2935527 3386576 3920 19715 25450 39166 -18775 -35142 2946122 3410315 945647 2032500 0 0 500846 502884 103600 25000 214670 389531 500963 1939624 3061347 1006498 348968 2294351 3687893 50734 1022453 2243617 2665440 X PFUND FOUNDATION BUILDS EQUITY WITH LGBTQ+ COMMUNITIES ACROSS THE UPPER MIDWEST BY PROVIDING GRANTS AND SCHOLARSHIPS, DEVELOPING LEADERS, AND INSPIRING GIVING. 0 0 2677651 2032500 19715 PFUND FOUNDATION AWARDED SCHOLARSHIPS TO 49 INDIVIDUALS WITH A DEMONSTRATED COMMITMENT TO LGBTQ+ ISSUES WHO ARE SEEKING A VARIETY OF EDUCATIONAL PROGRAMS IN THE UPPER MIDWEST. PFUND FOUNDATION AWARDED FUNDS TO 20 NON-PROFIT ORGANIZATIONS WORKING IN RURAL COMMUNITIES ACROSS THE UPPER MIDWEST.PFUND FOUNDATION AWARDED FUNDS TO 30+ SMALL BUSINESSES TO GROW AND STRENGTHEN THEIR LEADERSHIP AND BUSINESS AND PROVIDED BUSINESSES EDUCATIONAL RESOURCES.PFUND FOUNDATION AWARDED FUNDS TO 3 HEALTHCARE ORGANIZATIONS FOCUSED ON MEETING THE NEEDS OF THE LGBTQ+ POPULATION.PFUND FOUNDATION AWARDED GRANTS TO 34 NONPROFIT ORGANIZATIONS WHO SUPPORT TRANSGENDER AND GENDER NONCONFORMING COMMUNITIES ACROSS THE UPPER MIDWEST.PFUND FOUNDATION AWARDED FUNDS TO 13 NONPROFIT ORGANIZATIONS WHO NEEDED EMERGENCY SUPPORT THROUGH READINESS AND RESILIENCE GRANTS.PFUND FOUNDATION AWARDED FUNDS TO 65 NONPROFIT ORGANIZATIONS FOR EVENT SPONSORSHIPS ACROSS THE REGION. 2677651 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 67 0 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X LISA BRIMMER 6128701806 5775 WAYZATA BLVD SUITE 700 ST LOUIS PARK MN 55416 BECKY SMITH PRESIDENT 2.00 X X 0 0 0 AUSTIN HOLIK VICE PRESIDENT 2.00 X X 0 0 0 ALYSSA LIGHT DIRECTOR 1.00 X 0 0 0 LINDA THEIS DIRECTOR 1.00 X 0 0 0 WEN BROVOLD DIRECTOR 1.00 X 0 0 0 LYNELLE WOOD DIRECTOR 1.00 X 0 0 0 NOAH PATRICK LOEHR DIRECTOR 1.00 X 0 0 0 CHRIS STEDMAN DIRECTOR 1.00 X 0 0 0 DR BRENT OPALL DIRECTOR 1.00 X 0 0 0 SARA RADJENOVIC SECRETARY 2.00 X X 0 0 0 LM BRIMMER TREASURER 2.00 X X 0 0 0 JOSEPH BROOKS DIRECTOR 1.00 X 0 0 0 CODY INGLE DIRECTOR 1.00 X 0 0 0 BARRY NELSON DIRECTOR 1.00 X 0 0 0 J NGUYEN-PAUL DIRECTOR 1.00 X 0 0 0 KIT SPIELBERGER DIRECTOR 1.00 X 0 0 0 AARON A ZIMMERMAN EXECUTIVE DIRECTOR 40.00 X 128665 0 10286 MERCEDES PLENDL PROGRAM DIRECTOR 40.00 X 107267 0 3649 235932 0 13935 2 0 0 0 0 39435 1320123 2027018 3386576 FEES 561000 19715 19715 19715 39583 39583 545527 545944 -417 -417 -417 12667 39435 47809 -35142 -35142 3410315 19715 0 4024 1831750 1831750 200750 200750 267957 218472 26045 23440 191198 141647 17598 31953 11230 2619 8078 533 32499 26458 1861 4180 3360 3360 73466 14447 59019 25000 25000 6 6 107251 31184 9864 66203 10125 5092 5033 13594 486 3349 9759 52775 37231 1859 13685 51762 24653 24193 2916 40223 29461 4302 6460 54701 39927 4562 10212 12149 4526 2385 5238 SPONSORSHIPS 66000 65500 500 BAD DEBT 7063 7063 DUES AND LICENSES 4023 3448 356 219 VIDEO AND RECORDING 2400 2400 2065 1689 376 3061347 2677651 169026 214670 235807 1245138 200000 127988 919105 1053972 26085 28765 912459 1232030 895 0 2294351 3687893 35734 44624 15000 720000 65359 0 192470 50734 1022453 X -27933 144698 2271550 2520742 2243617 2665440 2294351 3687893 348968 72855 0 X X 0 1 X 1 0 X 710204 947340 903402 2935527 3386576 8883049 710204 947340 903402 2935527 3386576 8883049 2163859 6719190 131525 48015 27952 25287 39583 272362 9155411 38020 0.73390 0.61750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1249181 431656 68655 18357 1731135 424706 789336 51044 15904 1249181 405500 28212 9006 424706 593184 -76802 110882 405500 532627 90016 29459 593184 0.95000 0.05000 0 0 0 PAYABLE TO ESTATE 192470 192470 X 3491659 72855 8495 81350 3410309 6 6 3410315 3069836 8495 8495 3061341 6 6 3061347 PART X, LINE 2: PFUND IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE, AND IS SUBJECT TO INCOME TAXES ONLY ON NET UNRELATED BUSINESS INCOME. MANAGEMENT BELIEVES PFUND DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN 2025 AND 2024. PFUND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND ACCORDINGLY, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X X 0 CREATIVE FUNDRAISING ADVISORS 1041 GRAND AVE SUITE 225 SAINT PAUL MN 55105 GRANT WRITERS 0 0 25000 -25000 25000 -25000 MOXIE 52102 39435 12667 6330 21766 8279 11434 52102 39435 12667 6330 21766 8279 11434 47809 -35142 SCHEDULE G, PART I, LINE 2B, COLUMN (V) PAYMENTS FOR GRANT WRITING 1 ADVOCATES FOR REPRODUCTIVE EDUCATION 615 OAK STREET BRAINERD MN 56401 813828875 501(C)3 7000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. AVENUES FOR YOUTH 1708 OAK PARK AVE N MINNEAPOLIS MN 55441 411765140 501(C)3 10000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. BODY PRAYERS 450 VICTORIA ST N SAINT PAUL MN 55104 BUSINESS 15000 0 SUPPORTING COMMUNITY BUILDING AND LEARNING EVENTS. CHILDREN'S MINNESOTA 2530 CHICAGO AVE S MINNEAPOLIS MN 55404 411754276 501(C)3 237000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. CLARE HOUSING 929 CENTRAL AVE NE MINNEAPOLIS MN 55413 411794924 501(C)3 26000 0 PROMOTING HOLISTIC HEALTH OF THE LOCAL COMMUNITY. CLEAN RIVER PARTNERS 205 WATER ST S SUITE 1 NORTHFIELD MN 55057 411733974 501(C)3 9000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. COACH BASTIAN LLC 8441 ASHFORD RD WOODBURY MN 55125 BUSINESS 7000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. DRIFTLESS SEED SUPPLY 115 N CEDAR ST MABEL MN 55954 BUSINESS 20000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. FAMILY TREE CLINIC 1919 NICOLLET AVE MINNEAPOLIS MN 55403 237133742 501(C)3 295000 0 PROMOTING HOLISTIC HEALTH OF THE LOCAL COMMUNITY. FORGE PO BOX 1272 MILWAUKEE WI 53201 201750620 501(C)3 10000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. GAY-LESBIAN-BISEXUAL TRANSGENDER PRIDE-TWIN CITIES 1619 HARMON PLACE MINNEAPOLIS MN 55403 411808096 501(C)3 11000 0 SUPPORT FOR CONVENINGS AND EVENTS FOR LOCAL NONPROFITS. GSAFE 122 E OLIN AVE ST 100 MADISON WI 53713 204088208 501(C)3 10000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. IOWA SAFE SCHOOLS PO BOX 704 DES MOINES IA 50303 731710056 501(C)3 20000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. JEWISH FAMILY & CHILDREN SERVICE OF MINNEAPOLIS 5905 GOLDEN VALLEY ROAD GOLDEN VALLEY MN 55422 410693860 501(C)3 6000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. LAVENDER LEGAL CENTER PO BOX 31 CEDAR RAPIDS IA 52406 853467956 501(C)3 31500 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. LGBT CENTER OF SE WISCONSIN 1456 JUNCTION AVE RACINE WI 53403 263743532 501(C)3 15000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. LGBT COMMUNITY CENTER OF THE CHIPPEWA VALLEY 505 S DEWEY ST SUITE 204 MAILBOX 10 EAU CLAIRE WI 54701 392018270 501(C)3 10500 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. LGBTQ IOWA ARCHIVES & LIBRARY 450 HWY 1W 126 IOWA CITY IA 52246 464168572 501(C)3 12500 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. LGBTQ FAMILY CONNECTIONS CENTER INC 377 WANDERING LANE HEDGESVILLE WV 25427 861663733 501(C)3 37000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. LITTLE NATURALISTS 1042 N CHURCHILL ST SAINT PAUL MN 55103 BUSINESS 10000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. M HEALTH FAIRVIEW 2450 RIVERSIDE AVE MINNEAPOLIS MN 55454 410991680 501(C)3 238000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. MINNESOTA DODGEBALL LLC 4817 ZENITH AVE S MINNEAPOLIS MN 55410 BUSINESS 13000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. MISFIT BRAZILIAN JIU-JITSU LLC 759 LATHROP DR NORTHFIELD MN 55057 BUSINESS 20000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. MOTIVPT 227 E 7TH STREET DULUTH MN 55805 BUSINESS 20000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. MUDLUK POTTERY 4149 CHICAGO AVENUE MINNEAPOLIS MN 55407 BUSINESS 20000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. ND HUMAN RIGHTS COALITION PO BOX 1961 FARGO ND 58107 760714441 501(C)3 19000 0 SPONSORSHIPCAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. NIPINET 3842 ALDRICH AVE N MINNEAPOLIS MN 55412 BUSINESS 30000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. ONE IOWA EDUCATION FUND PO BOX 1419 DES MOINES IA 50305 721612937 501(C)3 10000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. OUR SPACE PO BOX 7024 MINNEAPOLIS MN 55407 873082674 501(C)3 20000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. OUTFRONT MINNESOTA 2446 UNIVERSITY AVE W SUITE 112 ST PAUL MN 55114 363550489 501(C)3 31000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. PHILADELPHIA COMMUNITY FARM PO BOX 668 OSCEOLA WI 54020 391711164 501(C)3 10000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. PLANNED PARENTHOOD NORTH CENTRAL STATES 671 VANDALIA SAINT PAUL MN 55409 410948382 501(C)3 10000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. Q-MUNITY MN 12651-5473 SAN PABLO AVE RICHMOND CA 94805 461323531 FISCALLY SPONSORED 10000 0 PROMOTING HOLISTIC HEALTH OF THE LOCAL COMMUNITY. QUEERMUNITY COLLABORATIVE 3036 HENNEPIN AVE MINNEAPOLIS MN 55408 BUSINESS 15000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. QUEERSPACE COLLECTIVE PO BOX 11455 MINNEAPOLIS MN 55411 863249777 501(C)3 15000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. RAAN 300 E ST GERMAIN ST STE 220 ST CLOUD MN 56304 411784355 501(C)3 20000 0 PROMOTING HOLISTIC HEALTH OF THE LOCAL COMMUNITY. RECLAIM 2446 UNIVERSITY AVE W SUITE 104 ST PAUL MN 55114 800829665 501(C)3 41000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. RED RIVER RAINBOW SENIORS PO BOX 1474 FARGO ND 58107 460517923 501(C)3 12000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. SECURUS ACCOUNTING SERVICES 111 MARQUETTE AVE S 1005 MINNEAPOLIS MN 55401 BUSINESS 25000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. SITTING BULL COLLEGE 9299 NORTH DAKOTA 24 FORT YATES ND 58538 237373765 501(C)3 15000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. SMALLKIMS ART 55 LIVINGSTON AVE 205 SAINT PAUL MN 55107 BUSINESS 15000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. ST MARK'S LUTHERAN CHURCH 417 MAIN AVE SUITE 401 FARGO ND 58103 320593305 501(C)3 8000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. TELLING QUEER HISTORY 3140 10TH AVE S MINNEAPOLIS MN 55407 843928844 501(C)3 6000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. THE ALIVENESS PROJECT 3808 NICOLLET AVE MINNEAPOLIS MN 55409 411593900 501(C)3 105000 0 PROMOTING HOLISTIC HEALTH OF THE LOCAL COMMUNITY. THE LINK 1210 GLENWOOD AVE MINNEAPOLIS MN 55405 411920649 501(C)3 10000 0 CAPACITY BUILDING AND PROGRAM SUPPORT FOR LOCAL NONPROFITS. THE LITTLE WEDDING COMPANY 2224 CENTRAL AVE NE MINNEAPOLIS MN 55418 BUSINESS 15000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. THE MESS RECORDS 1341 THOMAS AVE N MINNEAPOLIS MN 55411 BUSINESS 15000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. THE TRANSFORMATION PROJECT 500 N WESTERN AVE SUITE 300 SIOUX FALLS SIOUX FALLS SD 57104 841843518 501(C)3 20000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. THE TRANSGENDA 729 E 5TH ST APT 2 DULUTH MN 55805 BUSINESS 20000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. TRANS NORTHLAND 2501 LEONARD STREET 302 DULUTH MN 55811 920329039 501(C)3 20000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. TRANSFORMING GENERATIONS 2356 UNIVERSITY AVE W SUITE 230 SAINT PAUL MN 55117 844049359 501(C)3 6000 0 SUPPORT FOR CONVENINGS AND EVENTS FOR LOCAL NONPROFITS. UNITING RESILIENCE 1329 EGLIN ST 271 RAPID CITY SD 57701 843023840 501(C)3 22000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. VALLEY SELF-DEFENSE 500 EAST GRANT STREET UNIT 2408 MINNEAPOLIS MN 55404 BUSINESS 10000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. WHOLESOME MANAGEMENT 4145 MONROE ST NE COLUMBIA HEIGHTS MN 55421 BUSINESS 20000 0 SUPPORTING ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP. YOUTH EMPOWERMENT SUPPORT & SAFETY 1001 1ST ST S VIRGINIA MN 55792 853055064 501(C)3 8000 0 CAPACITY BUILDING FOR RURAL SERVING NONPROFIT ORGANIZATIONS. 166 38 SCHOLARSHIPS 60 200750 PART I, LINE 2: PFUND FOUNDATION SCHOLARSHIP APPLICANTS ARE REQUIRED TO COMPLETE AN APPLICATION ESTABLISHING THEIR ELIGIBILITY FOR A SCHOLARSHIP. UPON RECEIVING APPLICATIONS FOR FUNDING, PFUND CONDUCTS DUE DILIGENCE ON EACH ORGANIZATION'S MISSION, FINANCES, AND PAST ACTIVITIES TO CONFIRM POTENTIAL GRANTEES HAVE THE CAPACITY TO CARRY OUT THE PURPOSES OF THE GRANT. FOR INDIVIDUALS, APPLICATIONS ARE PUT THROUGH A DUE DILIGENCE PROCESS INCLUDING FINANCIAL NEED, GPA, CONNECTION TO THE MISSION. PFUND'S STAFF RECOMMENDS GRANTS AND SCHOLARSHIPS TO THE BOARD, WHO REVIEWS AND APPROVES GRANTS AND SCHOLARSHIPS. PFUND REQUIRES ALL GRANTEES TO SIGN A WRITTEN GRANT AGREEMENT GOVERNING USE OF GRANT FUNDS, INCLUDING REQUIRING GRANT FUNDS TO BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES AND TO RETURN ANY GRANT FUNDS USED IN BREACH OF THE AGREEMENT. DURING THE GRANT PERIOD FOR ORGANIZATIONS, PFUND HAS MONTHLY MEETINGS TO COLLECT INFORMATION FROM GRANTEES ABOUT THEIR ACTIVITIES, GRANT PROGRESS, AND USE OF GRANT FUNDS. PFUND ALSO RECEIVES WRITTEN PROGRAMMATIC AND FINANCIAL REPORTS DESCRIBING THE USE OF THE GRANT FUNDS. PFUND REVIEWS EACH REPORT CAREFULLY TO CONFIRM THE USE OF ITS GRANT FUNDS COMPLY WITH THE TERMS OF THE GRANT AGREEMENT AND PURPOSE OF THE GRANT. SCHOLARSHIP RECIPIENTS FILL OUT A FINAL REPORT THAT DETAILS THEIR PROGRESS WITH THEIR DEGREE OR EDUCATION PROGRAM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY PFUND'S OUTSIDE TAX ACCOUNTANTS. THE FORM IS REVIEWED BY MANAGEMENT AND THE TREASURER. IT IS THEN SENT TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. THE BOARD CHAIR, EXECUTIVE DIRECTOR, TREASURER, OR OTHER DESIGNATED SIGNATORIES ARE AUTHORIZED TO SIGN THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH PFUND DIRECTOR AND STAFF MEMBER SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PFUND PERSON IN INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. DETAILED PROCEDURES FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY ARE IN THE WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 15 PFUND FOUNDATION IS COMMITTED IN PRINCIPLE TO PAYING MARKET WAGES INSOFAR AS POSSIBLE. IN COMPENSATING EMPLOYEES, PFUND WILL CONSIDER THE FOLLOWING: 1. THE EMPLOYEE'S RELEVANT EDUCATION AND EXPERIENCE; 2. THE EMPLOYEE'S ON-THE-JOB PERFORMANCE; 3. THE COMPENSATION OF OTHER EMPLOYEES WITH SIMILAR QUALIFICATIONS; 4. THE COMPENSATION PAID BY OTHER ORGANIZATIONS TO EMPLOYEES WITH THE SAME POSITION AND SIMILAR QUALIFICATIONS; 5. THE EMPLOYEE'S OVERALL CONTRIBUTION TO THE ORGANIZATION; AND 6. PFUND FOUNDATION'S ABILITY TO PAY. THE EXECUTIVE DIRECTOR SHALL HAVE SOLE DISCRETION IN DETERMINING EMPLOYEE COMPENSATION. THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS ARE DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. PFUND FOUNDATION CONDUCTS PERFORMANCE REVIEWS ANNUALLY. A PERFORMANCE REVIEW DOES NOT NECESSARILY IMPLY AN INCREASE IN PAY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S ANNUAL FINANCIAL STATEMENTS ARE ALSO POSTED ON THE FOUNDATION'S WEBSITE, WWW.PFUNDFOUNDATION.ORG. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.