2026-08-03T15:36:12-05:00 2025-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2025-01-01 133525440 INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC INTE 6467283607 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 SEAN KRON TREASURER 6467283607 2026-07-29 1 AMANDA ADAMS P00748038 9732180500 2025 2025-03-06 01:10:19Z SEAN KRON 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 2736547 0 X WWW.ICSC.ORG/FOUNDATION X 1989 NY DEDICATED TO DEVELOPING THE REAL ESTATE INDUSTRY'S NEXT GENERATION OF TALENT. 25 24 0 543 0 0 1254644 1150775 0 63895 1074138 827828 0 0 2328782 2042498 619430 450463 0 0 0 0 0 0 27458 786457 919047 1405887 1369510 922895 672988 17811135 19672737 170690 160068 17640445 19512669 THE ICSC FOUNDATION IS THE PHILANTHROPIC ARM OF ICSC DEDICATED TO CREATING A VIBRANT RETAIL REAL ESTATE INDUSTRY RESPONSIVE TO THE NEEDS OF ITS MEMBERS AND COMMUNITIES. ITS FOCUS IS BUILDING A PIPELINE OF OUTSTANDING TALENT THAT CAN EXCEL IN THE INDUSTRY. 0 0 688329 421467 UNDERGRADUATE AND GRADUATE SCHOLARSHIP AWARDS:THE FOUNDATION PROVIDES UNDERGRADUATE AND GRADUATE SCHOLARSHIPS TO STUDENTS INTERESTED IN RETAIL REAL ESTATE. THESE SCHOLARSHIPS ARE OFFERED DIRECTLY BY THE FOUNDATION OR FUNDED THROUGH PARTNER UNIVERSITIES. GENERALLY, SCHOLARSHIPS COVER TUITION AND RELATED EXPENSES WITH SOME ADDITIONAL FUNDING TO COVER ATTENDANCE AT INDUSTRY EVENTS. 526112 28997 63895 TALENT ENGAGEMENT INITIATIVES:THE ICSC FOUNDATION OFFERS STUDENT SUPPORT OUTSIDE OF ACADEMIC AND PROFESSIONAL EDUCATION SCHOLARSHIPS THROUGH ITS MENTORSHIP, INTERNSHIP AND UNIVERSITY PARTNERS PROGRAMS AS WELL AS EDUCATION AND NETWORKING EVENTS AT ICSC CONFERENCES. 1214441 1 1 0 0 0 0 0 0 0 1 0 1 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 0 0 1 98 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS ND NH NJ NY NM NC OR PA RI SC TN UT VA WI WV X SEAN D KRON 6467283607 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 THOMAS MCGEE DIRECTOR 1.00 35.00 X 0 7296055 829987 GLENN RUFRANO CHAIR 1.00 1.00 X X 0 0 0 BRIAN FINNEGAN VICE-CHAIR 1.00 0.00 X X 0 0 0 SAMUEL ANKIN DIRECTOR 1.00 0.00 X 0 0 0 MARY LYNNE BOORN DIRECTOR 1.00 0.00 X 0 0 0 KAREN CASE DIRECTOR 1.00 0.00 X 0 0 0 CARREN COSTON DIRECTOR 1.00 0.00 X 0 0 0 ANDREA DRASITES DIRECTOR 1.00 0.00 X 0 0 0 RACHEL ELIAS WEIN DIRECTOR 1.00 0.00 X 0 0 0 IVY GREANER DIRECTOR 1.00 0.00 X 0 0 0 AMY HALL DIRECTOR 1.00 0.00 X 0 0 0 NICHOLAS HODGE DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER HOFFMANN DIRECTOR 1.00 0.00 X 0 0 0 REGINALD LIVINGSTON DIRECTOR 1.00 0.00 X 0 0 0 MELVIN MANCE DIRECTOR 1.00 0.00 X 0 0 0 JAMES MAURIN DIRECTOR 1.00 0.00 X 0 0 0 ALEX NYHAN DIRECTOR 1.00 0.00 X 0 0 0 ANGELE ROBINSON-GAYLORD DIRECTOR 1.00 0.00 X 0 0 0 EVE SEMBLER DIRECTOR 1.00 0.00 X 0 0 0 JOSHUA SIMON DIRECTOR 1.00 0.00 X 0 0 0 FABRIZIO STANGHIERI DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH TICHAR DIRECTOR 1.00 0.00 X 0 0 0 STEVEN VITTORIO DIRECTOR 1.00 0.00 X 0 0 0 ROBERT WHELAN DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MCPHERSON DIRECTOR 1.00 0.00 X 0 0 0 LAURI NOVICK PRESIDENT (END 8/31/25) 35.00 1.00 X 0 314418 28402 JAZMEN JOHNSON PRESIDENT (AS OF 9/1/25) 35.00 1.00 X 0 141118 19999 SEAN KRON TREASURER 1.00 35.00 X 0 520955 54639 LESLEY CAMPBELL SECRETARY 1.00 35.00 X 0 436025 51307 0 8708571 984334 0 0 1 0 0 1150775 1150775 PROGRAM REGISTRATIONS 900099 63895 63895 63895 633392 633392 888485 694049 194436 194436 194436 2042498 63895 0 827828 X 428531 428531 21932 21932 19800 940 18860 44631 44631 247910 247910 18211 18211 12027 2910 9117 69677 60862 8815 238614 220225 18219 170 50627 50179 448 VENUE EXPENSE 155690 112901 24316 18473 AUDIO, VISUAL & SIGNAGE 60890 48870 12020 DUES AND SUBSCRIPTIONS 970 970 1369510 1214441 127611 27458 1921905 2355827 1407724 913887 27100 16333 13295546 15261103 1123071 1101952 35789 23635 17811135 19672737 170690 160068 170690 160068 X 12539150 14452855 5101295 5059814 17640445 19512669 17811135 19672737 672988 1199236 0 X 0 1 X 1 0 X X 1 INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC 131854667 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN (III): THE SUPPORTED ORGANIZATION, INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC.("ICSC") IS A 501(C)(6) ORGANIZATION. SCHEDULE A, PART IV, LINE 3B: ICSC FOUNDATION OBTAINED A COPY OF ICSC'S IRS DETERMINATION LETTER AND COMPLETES ANNUALLY A PRO FORMA SCHEDULE A, PART III, TO ENSURE ICSC MEETS THE 509(A)(2) PUBLIC SUPPORT TEST FOR ITS MOST RECENT TAX YEAR. ICSC FOUNDATION KEEPS THE LETTER AND SUPPORT CALCULATION IN FILES. SCHEDULE A, PART IV, LINE 3C: ICSC FOUNDATION DOES NOT PROVIDE MONETARY SUPPORT TO ICSC, BUT ICSC PROVIDES IN-KIND SUPPORT TO ICSC FOUNDATION. ICSC FOUNDATION IS THE PHILANTHROPIC ARM OF ICSC DEDICATED TO CREATING A VIBRANT RETAIL REAL ESTATE INDUSTRY. THREE OF THE OFFICER POSITIONS OF THE ICSC FOUNDATION BOARD ARE RESERVED FOR ICSC EMPLOYEES. AS SUCH IF ICSC FOUNDATION PROVIDES MONETARY SUPPORT TO ICSC, THE OVERLAPPING BOARD AND MANAGEMENT WILL CLOSELY MONITOR THE USE OF FUNDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 837662 81904 31461 888105 695111 100000 58171 15620 837662 615241 40000 51072 11202 695111 543460 150000 -54005 24214 615241 531253 32768 20561 543460 1.00000 0 0 0 REAL ESTATE FUND 1101952 C 1101952 X 5392306 1199236 2195203 3394439 1997867 44631 44631 2042498 3520082 2195203 2195203 1324879 44631 44631 1369510 PART V, LINE 4: ICSC FOUNDATION'S ENDOWMENT FUNDS ARE FUNDS THAT ARE EARMARKED FOR SCHOLARSHIPS OR GRANTS TO A STUDENT OR A UNIVERSITY. PART X, LINE 2: UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE FOUNDATION HAS FILED INTERNAL REVENUE SERVICE FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF DECEMBER 31, 2025, THERE WERE NO EXAMINATIONS BEING PERFORMED. 1 MOREHOUSE COLLEGE 830 WESTVIEW DR SW ATLANTA GA 30314 580566205 501(C)(3) 36750 0 SCHOLARSHIP NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC 1801 FAYETTEVILLE ST DURHAM NC 27707 237410301 501(C)(3) 25000 0 SCHOLARSHIPS UNIVERSITY OF WISCONSIN SYSTEM 333 EAST CAMPUS MALL 10501 MADISON WI 53715 391805963 501(C)(3) 25000 0 SCHOLARSHIPS THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NY 615 W 131 ST 3RD FLOOR NEW YORK NY 10027 135598093 501(C)(3) 25000 0 SCHOLARSHIPS THE UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DR STOP K5300 AUSTIN TX 78712 746000203 501(C)(3) 20000 0 SCHOLARSHIPS NEW YORK UNIVERSITY 105 EAST 17TH ST 2ND FL NEW YORK NY 10003 135562308 501(C)(3) 20000 0 SCHOLARSHIPS LSU FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 726020969 501(C)(3) 15750 0 SCHOLARSHIPS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA 2008 12TH ST TUSCALOOSA AL 35401 636001138 501(C)(3) 15600 0 SCHOLARSHIPS GEORGIA STATE UNIVERSITY FOUNDATION PO BOX 3983 ATLANTA GA 30303 586033185 501(C)(3) 14000 0 SCHOLARSHIPS THE PENNSYLVANIA STATE UNIVERSITY 408 OLD MAIN UNIVERSITY PARK PA 16802 246000376 501(C)(3) 13000 0 SCHOLARSHIPS THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 6823 ST CHARLES AVENUE NEW ORLEANS LA 70118 720423889 501(C)(3) 12500 0 SCHOLARSHIPS SPELMAN COLLEGE 350 SPELMAN LANE SW ATLANTA GA 30314 580566243 501(C)(3) 12450 0 SCHOLARSHIPS YALE UNIVERSITY PO BOX 208200 NEW HAVEN CT 06520 060646973 501(C)(3) 11630 0 SCHOLARSHIPS ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY PO BOX 2260 TEMPE AZ 85280 866051042 501(C)(3) 10526 0 SCHOLARSHIPS UNIVERSITY OF MICHIGAN 515 JEFFERSON ST ANN ARBOR MI 48109 386006309 501(C)(3) 10000 0 SCHOLARSHIPS UNIVERSITY OF HOUSTON SYSTEM 5000 GULF FWY HOUSTON TX 77204 746001399 501(C)(3) 10000 0 SCHOLARSHIPS NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE BOSTON MA 02115 041679980 501(C)(3) 10000 0 SCHOLARSHIPS CAL STATE FULLERTON PHILANTHROPIC FOUNDATION 2600 NUTWOOD AVE FULLERTON CA 92831 330567945 501(C)(3) 10000 0 SCHOLARSHIPS UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 104 AIRPORT DR CHAPEL HILL NC 27599 566001393 501(C)(3) 10000 0 SCHOLARSHIPS INDIANA UNIVERSITY 1024 E 3RD ST BLOOMINGTON IN 47405 356001673 501(C)(3) 10000 0 SCHOLARSHIPS REGENTS OF THE UNIVERSITY OF CALIFORNIA 10920 WILSHIRE BLVD LOS ANGELES CA 90024 956006143 501(C)(3) 10000 0 SCHOLARSHIPS UNIVERSITY OF WISCONSIN FOUNDATION 1848 UNIVERSITY AVE MADISON WI 53726 390743975 501(C)(3) 7325 0 SCHOLARSHIPS UNIVERSITY OF CONNECTICUT 70 BATTERSON PARK ROAD FARMINGTON CT 06032 060772160 501(C)(3) 6000 0 SCHOLARSHIPS 24 0 STUDENT TRAVEL GRANTS 216 21932 0 PART I, LINE 2: MOST GRANTS ARE MADE TO NON-PROFIT ORGANIZATIONS IN GOOD STANDING. IN CERTAIN CASES, STUDENTS MAY RECEIVE REIMBURSEMENT DIRECTLY FOR TRAVEL AND MEAL EXPENSES INCURRED IN CONNECTION WITH ATTENDANCE AT A CONFERENCE OR EVENT. THE FOUNDATION CONDUCTS PERIODIC REVIEWS OF GRANTEES TO ASSESS COMPLIANCE WITH GRANT AWARDS AND TO TRACK USE OF GRANT FUNDS. 0 1 0 0 0 0 0 0 0 THOMAS MCGEE DIRECTOR 0 1344231 0 1650000 0 4301824 0 782154 0 47833 0 8126042 0 0 SEAN KRON TREASURER 0 419241 0 100000 0 1714 0 14000 0 40639 0 575594 0 0 LESLEY CAMPBELL SECRETARY 0 355192 0 80000 0 833 0 13454 0 37853 0 487332 0 0 LAURI NOVICK PRESIDENT (END 8/31/25) 0 308293 0 0 0 6125 0 6758 0 21644 0 342820 0 0 JAZMEN JOHNSON PRESIDENT (AS OF 9/1/25) 0 84412 0 56000 0 706 0 11636 0 8363 0 161117 0 0 PART I, LINE 3 THE COMPENSATION PAID TO THE OFFICERS IS DETERMINED BY INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC., A RELATED ORGANIZATION. INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC. USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B THE PRESIDENT & CEO IS THE SOLE PARTICIPANT OF THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. SUCH PLAN HAS BEEN IN PLACE SINCE SEPTEMBER OF 2020 AND WAS FULLY PAID OUT DURING 2025. THE PAYOUT AMOUNT IS INCLUDED IN PART II, COLUMN (B)(III). FORM 990, PART VI, SECTION A, LINE 2 TWO OR MORE PERSONS LISTED IN THIS FORM 990 PART VII HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BY VIRTUE OF CONCURRENTLY SERVING ON ONE OR MORE BOARDS OF DIRECTORS/TRUSTEES OR BY SERVING IN AN EMPLOYMENT RELATIONSHIP ON ONE OR MORE ENTITIES WITHIN THE ICSC AFFILIATES. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION'S MEMBERS ARE COMPRISED OF ALL CURRENT VOTING MEMBERS OF THE INTERNATIONAL COUNCIL OF SHOPPING CENTER, INC. ("ICSC") BOARD OF TRUSTEES. IF A MEMBER OF THE FOUNDATION CEASES TO BE A VOTING MEMBER OF THE ICSC BOARD OF TRUSTEES SUCH MEMBER SHALL IMMEDIATELY CEASE TO BE A MEMBER OF THE FOUNDATION. MEMBERS MAY BE REMOVED FOR CAUSE BY A MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S MEMBERS ELECT THE DIRECTORS OF THE FOUNDATION AND HAVE THE POWER TO REMOVE DIRECTORS. A DIRECTOR MAY BE REMOVED FROM OFFICE AT ANY TIME, WITH OR WITHOUT CAUSE, UPON THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OR MORE OF THE MEMBERS PRESENT AT A DULY CALLED MEETING OF THE MEMBERS WHERE A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE AND OVERSIGHT IS VESTED IN THE FOUNDATION'S BOARD OF DIRECTORS WHO ARE ELECTED BY ALL VOTING MEMBERS OF ICSC'S BOARD OF TRUSTEES. ALL OF THE VOTING MEMBERS OF ICSC'S BOARD OF TRUSTEES HOLD CONCURRENT CAPACITIES AS MEMBERS OF THE FOUNDATION WHO ALSO HAVE THE POWER TO APPROVE ANY OF THE FOUNDATION'S BYLAW AMENDMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE FOUNDATION, AS WELL AS EXECUTIVE PERSONNEL OF ITS PARENT, INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC. THE FORM 990 IS AVAILABLE UPON REQUEST TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR AND KEY EMPLOYEE OF THE FOUNDATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT AND POSITION WITH THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC. ("ICSC"), OR THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION, INC. ICSC MONITORS COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE SUBMITTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES OF THE REPORTING ORGANIZATION ARE COMPENSATED BY INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC., AN AFFILIATED 501(C)(6) ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 247,910. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 247,910. INTERNATIONAL COUNCIL OF SHOPPING CENTER 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 131854667 RETAIL IND NY 501(C)(6) N/A N/A 0 ICSC FOUNDATION CANADA 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 EDUCATION CA N/A ICSC 0 ICSC POLITICAL ACTION COMMITTEE 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 133588529 PAC NY 527 N/A N/A 0 ICSC NON FEDERAL PAC 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 263851886 PAC NY 527 N/A N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 INTERNATIONAL COUNCIL OF SHOPPING CENTERS N 864282 BOOK INTERNATIONAL COUNCIL OF SHOPPING CENTERS O 1330921 BOOK