Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter Social Security numbers on this form as it may be made public. By law, the IRS
generally cannot redact the information on the form.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
A For the 2013 calendar year, or tax year beginning 01-01-2013 , 2013, and ending 12-31-2013
BCheck if applicable:
CName of organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
 
Doing Business As
VGIF
 
Number and street (or P.O. box if mail is not delivered to street address)
11 BROADWAY NO 510
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10004
D Employer identification number

23-7068080
E Telephone number

G Gross receipts $ 6,087,738
F Name and address of principal officer:
CHRISTINE SCHMITZ
11 BROADWAY NO 510
NEW YORK,NY10004
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.VGIF.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1969
M State of legal domicile: NY
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO PROVIDE GRANTS WORLDWIDE TO IMPROVE THE LIVES OF WOMEN AND CHILDREN BY FUNDING PROGECTS FOR EDUCATIONAL ACTIVITIES, LEADERSHIP TRAINING, COMMUNITY DEVELOPMENT, AND THE ADVANCEMENT OF INTERNATIONAL UNDERSTANDING AND COOPERATION.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 35
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 35
5 Total number of individuals employed in calendar year 2013 (Part V, line 2a) ...... 5 7
6 Total number of volunteers (estimate if necessary) ............. 6 100
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 376,261 123,223
9 Program service revenue (Part VIII, line 2g) ......... 4,716 0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 595,221 1,246,539
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 976,198 1,369,762
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 223,377 343,931
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 279,741 260,371
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet81,059    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 376,877 378,129
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 879,995 982,431
19 Revenue less expenses. Subtract line 18 from line 12....... 96,203 387,331
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 14,889,989 16,577,585
21 Total liabilities (Part X, line 26)............. 106,629 114,247
22 Net assets or fund balances. Subtract line 21 from line 20..... 14,783,360 16,463,338
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2013)
Form 990 (2013)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: THE VIRGINIA GILDERSLEEVE INTERNATIONAL FUND PROVIDES SMALL GRANTS FOR GRASSROOTS PROJECTS THAT EMPOWER WOMEN AND GIRLS IN DEVELOPING COUNTRIES.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 607,515 including grants of $ 343,931 ) (Revenue $   )
GRANTMAKING PROGRAM - SEE SCHEDULE OVGIF SUPPORTS WOMEN-LED GRASSROOTS PROJECTS IN DEVELOPING COUNTRIES AROUND THE WORLD-PROJECTS THAT HELP IMPROVE THE LIVES OF WOMEN AND GIRLS BY ADVANCING WOMEN'S ACCESS TO HUMAN RIGHTS AND PROMOTING SOCIAL JUSTICE.SINCE ITS FOUNDING IN 1969, VGIF HAS FUNDED MORE THAN 475 PROJECTS IN 89 COUNTRIES, FOCUSING ON A BROAD RANGE OF ISSUES; FROM EDUCATION AND HEALTH, TO ECONOMIC EMPOWERMENT AND HUMAN RIGHTS. VGIF BELIEVES THAT WOMEN ARE THE ONLY ONES EQUIPPED TO EMPOWER THEMSELVES AND THEY KNOW BEST WHAT WILL HELP IMPROVE AND ENRICH LIVES IN THEIR OWN COMMUNITIES. VGIF DOES NOT RESTRICT ITS FUNDING BASED ON TOPIC AREA. INSTEAD, ITS BROAD RANGE OF GRANTMAKING REFLECTS THE SHIFTING NEEDS AND PRIORITIES OF GRANTEES WORKING AT THE GRASSROOTS LEVEL IN MANY COUNTRIES AND REGIONS ACROSS THE GLOBE.VGIF IS CURRENTLY BUILDING THE CAPACITY TO EXPAND ITS GRANTMAKING IN ORDER TO SIGNIFICANTLY INCREASE ITS IMPACT ON WOMEN AND GIRLS AROUND THE GLOBE.
4b (Code:   ) (Expenses $ 21,410 including grants of $   ) (Revenue $   )
UN PROGRAM - SEE SCHEDULE OTO COMPLEMENT AND ENHANCE ITS GRANTMAKING EFFORTS VGIF ENGAGES IN DISCUSSIONS AT THE UNITED NATIONS THROUGH ITS CONSULTATVE STATUS WITH ECOSOC (UN'S ECONOMIC AND SOCIAL COUNCIL) AND ITS MEMBERSHIP IN UN-RELATED GROUPS. BY GATHERING DATA AND REPORTS FROM ITS GRANTEES, AND BY SURVEYING GROUPS OF GRANTEES, VGIF IS ABLE TO INCLUDE A GRASSROOTS PERSPECTIVE IN STATEMENTS TO THE UN AND IN MEETINGS THAT VGIF ARRANGES UNDER THE AUSPICES OF THE UN.WITH AN ACTIVE UN COMMITTEE AND VOLUNTEER REPRESENTATIBES TO THE UN, VGIF IS ABLE TO MAXIMIZE THE OUTCOMES OF THIS PROGRAM WHILE USING A LIMITED AMOUNT OF RESOURCES.THROUGH REPORTS FROM THESE UN REPRESENTATIVES VGIF IS ABLE TO INFORM GRANTEES AND DONARS ABOUT UN DISCUSSIONS, DECISIONS, AND POLICIES RELEVANT TO VGIF'S FOCUS AND GOALS.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet628,925
Form 990 (2013)
Form 990 (2013)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II........
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part III............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IVClick to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions)....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2013)
Form 990 (2013)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II...
21
 
No
22
Did the organization report more than $5,000 of grants or other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J.......................
23
 
No
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I........
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If so, complete Schedule L, Part II....................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2013)
Form 990 (2013)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
8
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
7
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2013)
Form 990 (2013)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
35
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
35
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
 
No
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
NY , AZ , CA , FL , MA , MD , MN , NJ , PA , VA , WA , AL , CT , CO , DC , GA , HI , IN , IL , MI , NH , NM , NV , NC , OH , OR , RI , UT , WI
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletCHRISTINE SCHMITZ11 BROADWAY NO 510NEW YORKNY10004 (212) 213-0622
Form 990 (2013)
Form 990 (2013)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) EILEEN MENTON........................................................................
PRESIDENT
 10.00
.......................   		X   X       0 0 0
(2) MYRNA BROWN........................................................................
VICE PRESIDENT - STRATEGIC PLANNING
 5.00
.......................   		X   X       0 0 0
(3) BONNIE LINCON........................................................................
VICE PRESIDENT - PROJECT GRANTS
 5.00
.......................   		X   X       0 0 0
(4) TERRY OURAAD........................................................................
VICE PRESIDENT - HUMAN RESOURCES
 5.00
.......................   		X   X       0 0 0
(5) JERI RHODES........................................................................
EXECUTIVE VICE PRESIDENT
 5.00
.......................   		X   X       0 0 0
(6) BABETTE BIERMAN........................................................................
SECRETARY
 5.00
.......................   		X   X       0 0 0
(7) RANJANA BANERJEE........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(8) ALICE BARTLET........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(9) DIAN BELANGER........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(10) DAGMAR MCGILL........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(11) HEATHER COUSINS........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(12) CAROLYN COWGILL........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(13) REBECCA FAIRCHILD........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(14) SUMANA FERNANDO........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(15) CARRIE GALLAGHER........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(16) MARCIA GOFFIN........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(17) SONYA HOSTMAN........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
Form 990 (2013)
Form 990 (2013)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) ZOE KELLY-NACHT........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(19) SHIRLEY RANDELL........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(20) LINDA HIEBERT SEKIGUCHI........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(21) JACKIE SHAHZADI........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(22) RITA SKILLMAN........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(23) FAY WEBER........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(24) LESLIE WRIGHT........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(25) EVELYN MAFENI........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(26) KAREN MCKEE........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(27) MILDRED ASMAH........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(28) CAROLYN DONOVAN........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(29) MAGGIE FORD........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(30) LAUREN GRANDE LERCH........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(31) LOUISE MCLEOD........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(32) SUSAN RUSSELL........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(33) MARGERY SULLIVAN........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(34) FLORINE SWANSON........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(35) CHRISTINE SCHMITZ........................................................................
TREASURER
 5.00
.......................   		    X       0 0 0
(36) ELISABET EKLIND........................................................................
EXECUTIVE DIRECTOR
 37.50
.......................   		    X       76,923 0 6,194
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 76,923 0 6,194
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet0
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................
4
 
No
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet0
Form 990 (2013)
Form 990 (2013)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		123,223
g Noncash contributions included in lines
1a-1f:$ 		16,289
h Total. Add lines 1a-1f.......MediumBullet 123,223
Program Service RevenueAmt Business Code
2a
b
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet  
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 505,660     505,660
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties...........MediumBullet        
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 5,458,855  
b Less: cost or other basis and sales expenses 4,717,976  
c Gain or (loss) 740,879  
d Net gain or (loss)..........MediumBullet 740,879     740,879
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet  
12 Total revenue. See Instructions......MediumBullet 1,369,762 0 0 1,246,539
Form 990 (2013)
Form 990 (2013)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21    
2 Grants and other assistance to individuals in the United States. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 343,931 343,931
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 83,118 47,589 28,115 7,414
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 153,929 88,132 52,067 13,730
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....        
9 Other employee benefits ....... 4,966 2,940 1,636 390
10 Payroll taxes ........... 18,358 10,478 6,224 1,656
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 3,429 1,166 1,166 1,097
c Accounting ........... 59,263 22,082 35,692 1,489
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 58,627   58,627  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 110,907 38,301 37,941 34,665
12 Advertising and promotion ....        
13 Office expenses ....... 41,403 20,267 13,170 7,966
14 Information technology ...... 997 141 759 97
15 Royalties ..        
16 Occupancy ........... 52,485 30,546 17,530 4,409
17 Travel ............ 293   293  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 34,294 21,502 8,733 4,059
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 754   754  
23 Insurance .............. 3,179 1,850 1,062 267
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a FOREIGN TAXES 8,678   8,678  
b STATE REGISTRATIONS 3,820     3,820
c
d
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 982,431 628,925 272,447 81,059
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2013)
Form 990 (2013)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 48,913 1 55,870
2 Savings and temporary cash investments .........   2 2,738,881
3 Pledges and grants receivable, net ........... 52,532 3 1,669
4 Accounts receivable, net .............   4  
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ..........   9 1,766
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 28,674
b Less: accumulated depreciation ..... 10b 9,586 2,345 10c 19,088
11 Investments—publicly traded securities .......... 14,764,471 11 13,738,583
12 Investments—other securities. See Part IV, line 11 .....   12  
13 Investments—program-related. See Part IV, line 11 .....   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 21,728 15 21,728
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 14,889,989 16 16,577,585
Liabilities 17 Accounts payable and accrued expenses ......... 106,629 17 69,277
18 Grants payable .................   18 44,970
19 Deferred revenue ................   19  
20 Tax-exempt bond liabilities .............   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................   25  
26 Total liabilities. Add lines 17 through 25......... 106,629 26 114,247
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 12,356,936 27 15,163,156
28 Temporarily restricted net assets ........... 2,426,424 28 1,300,182
29 Permanently restricted net assets ...........   29  
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 14,783,360 33 16,463,338
34 Total liabilities and net assets/fund balances ........ 14,889,989 34 16,577,585
Form 990 (2013)
Form 990 (2013)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
1,369,762
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
982,431
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
387,331
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
14,783,360
5
Net unrealized gains (losses) on investments ...............
5
1,292,648
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
16,463,338
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2013)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
 
Employer identification number

23-7068080
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
 
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
Total  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 108,578 161,506 126,574 376,261 123,223 896,142
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3 108,578 161,506 126,574 376,261 123,223 896,142
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. 226,702
6 Public support. Subtract line 5 from line 4. 669,440
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
7 Amounts from line 4.. 108,578 161,506 126,574 376,261 123,223 896,142
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 91,441 286,242 407,709 575,760 505,660 1,866,812
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.).. 5,224 6,668 4,915 4,716   21,523
11 Total support (Add lines 7 through 10). 2,784,477
12
12
15,640
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here.................................................right arrow
Section C. Computation of Public Support Percentage
14
14
24.040 %
15
15
27.370 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 4
Part IV
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
TREASURY REGULATION SECTION 1.170A-9(E)(3) PROVIDES THAT, NOTWITHSTANDING AN ORGANIZATION'S NOT SATISFYING THE 33 1/3 PERCENT PUBLIC SUPPORT TEST, IT CAN STILL QUALIFY AS A PUBLIC CHARITY IF ITS PUBLIC SUPPORT PERCENTAGE IS NORMALLY AT LEAST TEN (10) PERCENT, AND IT MEETS THE FACTS AND CIRCUMSTANCE TEST IN THIS CONTEXT. IT IS REQUIRED THAT AN ORGANIZATION MUST BE SO ORGANIZED AND OPERATED AS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS WHICH IN TURN REQUIRES THAT THE ORGANIZATION MAINTAIN A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS. FOR THE FIVE (5) YEAR PERIOD ENDED DECEMBER 31, 2013, THE ORGANIZATION RECEIVED CUMULATIVE CONTRIBUTIONS OF $896,142 FROM A BROAD FUNDING BASE. SINCE ITS INCEPTION, OVER 1,000 INDIVIDUALS AND GROUPS WORLDWIDE HAVE GENEROUSLY SUPPORTED THE ORGANIZATIONS MISSION WITH ANNUAL DONATIONS AND PLANNED ESTATE GIFTS. IN ADDITION TO THE (10) PERCENT AND ATTRACTION OF PUBLIC SUPPORT REQUIREMENTS, OTHER FACTORS ARE TAKEN INTO ACCOUNT IN DETERMINING WHETHER AN ORGANIZATION IS PUBLICLY SUPPORTED. FIRST, THE HIGHER THE TEN (10) PERCENT REQUIREMENT, THE LESSER THE BURDEN IN ESTABLISHING PUBLICLY SUPPORTED NATURE OF THE ORGANIZATION THROUGH OTHER FACTORS. FOR THE TAX YEAR ENDED DECEMBER 31, 2013, THE ORGANIZATIONS PUBLIC SUPPORT PERCENTAGE IS 24.04%. THE LOW PUBLIC SUPPORT PERCENTAGE IS ATTRIBUTABLE TO THE ORGANIZATION'S HIGH INVESTMENT INCOME ON ITS INVESTMENT PORTFOLIO. THE INVESTMENT PORTFOLIO IS VALUED OVER $16 MILLION AND GENERATED INVESTMENT INCOME OF APPROXIMATELY $500,000. THE HIGH INVESTMENT VALUE IS THE RESULT OF AN UNUSUALLY LARGE ENDOWMENT FUND, GENERATED FROM A BEQUEST OF A DISINTERESTED PERSON, WHICH WAS ATTRACTED BY THE ORGANIZATION DUE TO THE NATURE OF THE ORGANIZATIONS PUBLIC ACTIVITIES AND SOLICITATION EFFORTS. IF THIS INVESTMENT INCOME WERE NOT INCLUDED IN SUPPORT, OVER THE FIVE YEAR PERIOD ENDED DECEMBER 31, 2013, THE PUBLIC SUPPORT PERCENTAGE WOULD BE SIGNIFICANTLY HIGHER. SECOND, THE ORGANIZATION RECEIVES SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ITS SUPPORT FROM A SINGLE DONOR. THE ORGANIZATION OPERATES TO ATTRACT PUBLIC SUPPORT ON A CONTINUAL BASIS AND ITS SOURCES OF CONTRIBUTIONS INCLUDE INDIVIDUAL GIVING, BOARD CONTRIBUTIONS, CORPORATE MATCHING, GROUP CONTRIBUTIONS, AND IS ALSO PREPARING FOR FUNDRAISING EVENTS, AND DEVELOPING FOUNDATION GRANTS. IN THIS CONTEXT, THE FACT THAT THE ORGANIZATION DOES NOT LIMIT ITS ACTIVITIES TO A PARTICULAR REGION, THE ORGANIZATION DEMONSTRATES ITS PUBLIC NATURE. FURTHER, THE ORGANIZATION IS CURRENTLY ENGAGED IN A SIGNIFICANT CAPACITY BUILDING EFFORT AND CONTINUOUS BONA FIDE SOLICITATION PROGRAMS TO FURTHER EXPAND ITS GRANT-MAKING PROGRAM AND TO STRENGTHEN ITS GRANTEE SUPPORT AND OVERSIGHT EFFORTS. THIS FUNDRAISING INITIATIVE INCLUDES MAINTAINING CURRENT DONORS AND TARGETING NEW DONORS, SECURING GRANTS FROM PRIVATE FOUNDATIONS, ORGANIZING SPECIAL FUNDRAISING EVENTS, AND THROUGH CORPORATE SPONSORSHIPS. WITH THIS FUNDRAISING DEVELOPMENT PLAN IN PLACE, THE ORGANIZATION EXPECTS ITS PUBLIC SUPPORT WILL INCREASE IN THE UPCOMING YEARS. THIRD, THE GOVERNING BODY IS COMPOSED OF 34 INDIVIDUALS OF DIVERSE PROFESSIONS IN THE FOLLOWING AREAS: GOVERNMENT, FINANCE AND ADMINISTRATION, INTERNATIONAL DEVELOPMENT, ECONOMICS AND DEVELOPMENT AFFAIRS, CORPORATE LAW, HEALTHCARE INCLUDING NURSING AND BIOLOGY, SOCIAL WORK, AND PSYCHOLOGY. THE GOVERNING BODY REPRESENTS THE BROAD INTEREST OF THE PUBLIC, RATHER THAN PRIVATE INTERESTS, AND NONE OF THE MEMBERS ARE DISQUALIFIED PERSONS. THE GOVERNING BODY IS COMPRISED OF INDIVIDUALS WHO REPRESENT VARIOUS GEOGRAPHIC REGIONS. IN ACCORDANCE WITH THE REGULATIONS THE GOVERNING BODY IS SELECTED IN ACCORDANCE WITH ITS GOVERNING DOCUMENTS. FOURTH, THE ORGANIZATION, FOUNDED IN 1969, HAS FUNDED OVER 475 PROJECTS IN 89 COUNTRIES, FOCUSING ON ISSUES RANGING FROM EDUCATION AND HEALTH TO ECONOMIC EMPOWERMENT AND HUMAN RIGHTS. IN ADDITION TO ITS GRANT-MAKING PROGRAM, THE ORGANIZATION HAS PROVIDED LEADERSHIP TRAINING, COMMUNITY DEVELOPMENT, AND EDUCATIONAL SEMINARS AND WORKSHOPS TO THE GENERAL PUBLIC IN COMBATING POVERTY AND ACHIEVING GENDER EQUALITY IN DEVELOPING COUNTRIES. THE FACT THAT THE ORGANIZATION HAS PROVIDED SUCH SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS IS EVIDENCE THAT THE ORGANIZATION IS PUBLICLY SUPPORTED. BASED ON THE FOREGOING, THE ORGANIZATION SATISFIES THE TEN (10) PERCENT FACTS AND CIRCUMSTANCE TEST.
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2013

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Name of the organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
 
Employer identification number

23-7068080
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet $  
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 2
Name of organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
  		Employer identification number

23-7068080
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

   
RESTRICTED
RESTRICTED
RESTRICTED, RESTRICTEDRESTRICTED

$RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 3
Name of organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
  		Employer identification number

23-7068080
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 4
Name of organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
  		Employer identification number

23-7068080
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions. SchDMd Bullet Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
 
Employer identification number

23-7068080
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 12,340,400        
b Contributions ........          
c Net investment earnings, gains, and losses 2,086,791        
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		711,006        
f Administrative expenses .... 54,061        
g End of year balance ...... 13,662,124        
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet91.780 %
c
Temporarily restricted endowment SchDMd Bullet8.220 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............        
d Equipment ................   28,674 9,586 19,088
e Other .................        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 19,088
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 2,592,533
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 1,292,648
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e 1,292,648
3 Subtract line 2e from line 1..................... 3 1,299,885
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 58,627
b Other (Describe in Part XIII.) ........... 4b 11,250
c Add lines 4a and 4b....................... 4c 69,877
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 1,369,762
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 912,554
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e 0
3 Subtract line 2e from line 1..................... 3 912,554
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 58,627
b Other (Describe in Part XIII.) ............ 4b 11,250
c Add lines 4a and 4b....................... 4c 69,877
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 982,431
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART V, LINE 4: THE FUND INVESTS ITS ENDOWMENT FUNDS AND ALLOCATES THE RELATED EARNINGS FOR EXPENDITURE IN ACCORDANCE WITH THE TOTAL RETURN CONCEPT. THE ENDOWMENT USAGE IS DETERMINED IN ACCORDANCE WITH THE POLICY ADOPTED BY THE FUND. THE BOARD UTILIZES VARIOUS SPENDING METHODS TO DETERMINE ITS ANNUAL DRAWDOWN FROM THE ENDOWMENT FUNDS AS FOLLOWS: BOARD DESIGNATED MARGARET M. BRANT ENDOWMENT- AT THE DISCRETION OF THE BOARD WOMEN'S UNIVERSITY CLUB ENDOWMENT - AT THE DISCRETION OF THE BOARD LILLIAN AND NATHANIEL ROCK ENTERTAINMENT ENDOWMENT - AT THE DISCRETION OF THE BOARD VIRGINIA FRESE PALMER ENDOWMENT - IN ACCORDANCE WITH SPENDING POLICY DONOR RESTRICTED VIRGINIA FRESE PALMER ADMINISTRATION RESTRICTED ENDOWMENT - IN ACCORDANCE WITH SPENDING POLICY THE ENDOWMENT FUND WAS NOT REPORTED IN PREVIOUS YEARS ON THE FUND'S FINANCIAL STATEMENTS, HOWEVER THE ENDOWMENT FUND WAS REPORTED IN THE STATEMENTS BEGINNING IN 2013. THEREFORE, THE ENDOWMENT FUND IS BEING REPORTED ON SCHEDULE D FOR THE CURRENT YEAR AND GOING FORWARD.
PART X, LINE 2: THE FUND RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FUND HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2010.
PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE RECLASSED ON FORM 990 2,572. FOREIGN TAXES NETTED AGAINST REVENUE 8,678.
PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE RECLASSED ON FORM 990 2,572. FOREIGN TAXES NETTED AGAINST REVENUE 8,678.
Schedule D (Form 990) 2013

Additional Data


Software ID:  
Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
 
Employer identification number

23-7068080
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers.Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? ...............................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN THE REGION   14,370
EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS IN THE REGION   32,859
RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS IN THE REGION   5,000
SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION   29,800
SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN THE REGION   65,373
SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION   189,029
MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION   7,500
           
           
           
           
           
           
           
           
           
           
3a Sub-total ..... 0 0 343,931
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 0 0 343,931
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2013
Schedule F (Form 990) 2013
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
MIDDLE EAST AND NORTH AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT; HEALTH AND WELLNESS FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
SOUTH AMERICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 7,300 WIRE TRANSFER      
SOUTH ASIA EDUCATION FOR GIRLS 7,500 WIRE TRANSFER      
SUB-SAHARAN AFRICA EDUCATION FOR GIRLS 7,484 WIRE TRANSFER      
SOUTH AMERICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
SOUTH ASIA EDUCATION; ECONOMIC DEVELOPMENT AND EMPOWERMENT; HUMAN RIGHTS FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
SOUTH ASIA ECONOMIC DEVELOPMENT AND EMPOWERMENT; FOOD SECURITY 7,080 WIRE TRANSFER      
SUB-SAHARAN AFRICA HUMAN RIGHTS; ECONOMIC DEVELOPMENT AND EMPOWERMENT OF WOMEN AND GIRLS 7,340 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT OF WOMEN AND GIRLS 6,291 WIRE TRANSFER      
EUROPE (INCLUDING ICELAND & GREENLAND) HUMAN RIGHTS OF WOMEN AND GIRLS 6,480 WIRE TRANSFER      
SUB-SAHARAN AFRICA ENVIRONMENT, FOOD AND WATER SECURITY FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
SUB-SAHARAN AFRICA EDUCATION FOR GIRLS 5,750 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 14,601 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN 6,268 WIRE TRANSFER      
SOUTH ASIA HEALTH, WELLNESS AND BODILY INTREGRITY FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
EUROPE (INCLUDING ICELAND & GREENLAND) IN SUPPORT OF TRIANNUAL INTERNATIONAL WOMEN'S CONFERENCE 15,000 WIRE TRANSFER      
SUB-SAHARAN AFRICA HUMAN RIGHTS FOR WOMEN AND GIRLS 7,425 WIRE TRANSFER      
SUB-SAHARAN AFRICA ENVIRONMENT, FOOD AND WATER SECURITY FOR WOMEN AND GIRLS 6,525 WIRE TRANSFER      
SUB-SAHARAN AFRICA EDUCATION AND LEADERSHIP FOR GIRLS 7,049 WIRE TRANSFER      
SUB-SAHARAN AFRICA EDUCATION, HUMAN RIGHTS, AND LEADERSHIP FOR GIRLS 7,484 WIRE TRANSFER      
SUB-SAHARAN AFRICA HUMAN RIGHTS OF WOMEN AND GIRLS 7,100 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WIDOWS 7,073 WIRE TRANSFER      
EAST ASIA AND THE PACIFIC HEALTH, WELLNESS AND BODILY INTREGRITY FOR WOMEN AND GIRLS 6,970 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
SUB-SAHARAN AFRICA HUMAN RIGHTS FOR WIDOWS 7,400 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 5,000 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR GIRLS 7,402 WIRE TRANSFER      
SUB-SAHARAN AFRICA HEALTH; FOOD SECURITY; ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
SOUTH AMERICA HEALTH, WELLNESS AND BODILY INTREGRITY FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
SOUTH ASIA WATER SECURITY FOR WOMEN AND GIRLS 6,758 WIRE TRANSFER      
SUB-SAHARAN AFRICA ENVIRONMENT, FOOD AND WATER SECURITY FOR WOMEN AND GIRLS 7,500 WIRE TRANSFER      
EAST ASIA AND THE PACIFIC ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN 7,400 WIRE TRANSFER      
SUB-SAHARAN AFRICA LEADERSHIP AND MOVEMENT-BUILDING FOR GIRLS 7,420 WIRE TRANSFER      
SUB-SAHARAN AFRICA HEALTH, WELLNESS, AND BODILY INTEGRITY FOR WOMEN AND GIRLS 5,589 WIRE TRANSFER      
EUROPE (INCLUDING ICELAND & GREENLAND) HEALTH, WELLNESS, AND BODILY INTEGRITY; ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN 7,450 WIRE TRANSFER      
SUB-SAHARAN AFRICA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 6,456 WIRE TRANSFER      
SUB-SAHARAN AFRICA EDUCATION FOR WOMEN AND GIRLS 5,200 WIRE TRANSFER      
SOUTH ASIA ECONOMIC DEVELOPMENT AND EMPOWERMENT FOR WOMEN AND GIRLS 6,535 WIRE TRANSFER      
RUSSIA AND NEIGHBORING STATES HUMAN RIGHTS FOR WOMEN AND GIRLS 5,000 WIRE TRANSFER      
SUB-SAHARAN AFRICA EUCATION FOR GIRLS 14,970 ACCRUED      
SOUTH ASIA HEALTH, WELLNESS AND BODILY INTREGIRT FOR WOMEN AND GIRLS 15,000 ACCRUED      
SOUTH ASIA EDUCATION; ECONOMIC DEVELOPMENT AND EMPOWERMENT; HUMAN RIGHTS FOR WOMEN AND GIRLS 7,500 ACCRUED      
SOUTH AMERICA HEALTH, WELLNESS AND BODILY INTEGRITY FOR WOMEN AND GIRLS. 7,500 ACCRUED      
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ....MediumBullet
43
3
Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2013
Schedule F (Form 990) 2013Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2013
Schedule F (Form 990) 2013
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926)......................................
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A).......................................
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)...............................................
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions for Form 5713)................................................
Schedule F (Form 990) 2013
Schedule F (Form 990) 2013
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
PART I, LINE 2: VGIF GRANTEES ARE REQUIRED TO SUBMIT A MID-TERM AND A FINAL REPORT, ALONG WITH PHOTOS, VIDEO CLIPS, AND COPIES OF DOCUMENTS/MATERIALS THEY HAVE DEVELOPED. THESE REPORTS INCLUDE A NARRATIVE PORTION THAT DETAILS THE IMPLEMENTATION OF THE PROJECT (INCLUDING PARTICIPANTS SERVED, ACTIVITIES, CHALLENGES AND ACCOMPLISHMENTS) AS WELL AS A BUDGET VS. ACTUAL PORTION, WHERE ANY DISCREPANCIES MUST BE EXPLAINED. IF QUESTIONS ARISE REGARDING A REPORT, STAFF CONTACTS GRANTEES WITH QUESTIONS AND TO REQUEST ADDITIONAL INFORMATION. GRANTEES INTENDING TO CHANGE ANY PLANS INCLUDED IN THE ORIGINAL APPLICATION, MUST REQUEST THE CHANGE IN WRITING AND RECEIVE APPROVAL PRIOR TO MAKING THE ACTUAL CHANGE. IN ADDITION TO THE WRITTEN REPORTS AND THEIR POTENTIAL FOLLOW-UP, VOLUNTEERS VISIT SOME OF THE PROJECTS DURING OR SHORTLY FOLLOWING THE GRANT PERIOD. THEY FOLLOW A SITE-VISIT PROTOCOL AND SUBMIT A REPORT TO VGIF JUST AFTER THE VISIT.
PART I, LINE 3: THE FUND USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR GRANT EXPENSES.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2013
Additional Data


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SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
VIRGINIA GILDERSLEEVE INTERNATIONAL FUND
 
Employer identification number

23-7068080
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS REBECCA FAIRCHILD, BABETTE BIERMAN, AND CLAIRE STEIN HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 6 THE FUND WAS CONSTITUTED AS A MEMBERSHIP ORGANIZATION. THE MEMBERS ARE THOSE PERSONS WHO SUPPORT THE STATED AIMS AND PURPOSES OF THE FUND AND MAKE AN ANNUAL CONTRIBUTION. ALL INDIVIDUAL MEMBERS HAVE THE PRIVILEGE OF VOTING AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING, THE MEMBERS SHALL ELECT THE OFFICERS, MEMBERS OF THE BOARD OF DIRECTORS, AND MEMBERS OF THE NOMINATING COMMITTEE.
FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY BE AMENDED AT ANY ANNUAL MEETING OR SPECIAL MEETING OF THE MEMBERSHIP CALLED FOR THAT PURPOSE BY A TWO-THIRDS (2/3) VOTE OF THOSE VOTING, IN PERSON OR BY WRITTEN PROXY. AT THE ANNUAL MEETING, THE MEMBERS SHALL ELECT THE OFFICERS, MEMBERS OF THE BOARD OF DIRECTORS, AND MEMBERS OF THE NOMINATING COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 11 VIRGINIA GILDERSLEEVE INTERNATIONAL FUND HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTIES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR (ED) IN 2013 TOOK PLACE WITHIN THE CONTEXT OF HIRING A NEW ED. THE SEARCH COMMITTEE BEGAN ITS WORK DURING THE OCTOBER 2012 BOARD AND COMMITTEE MEETINGS. THEIR RECOMMENDATION TO THE BOARD WAS THAT THE PRESIDENT NEGOTIATE THE SALARY AS PART OF MAKING THE OFFER TO THE ED CANDIDATE. IN SEPTEMBER 2012, VGIF CONTRACTED WITH TCC GROUP TO CONDUCT AN OPERATIONS PLANNING STUDY. AS PART OF THAT STUDY, THEY PREPARED JOB DESCRIPTIONS AND RECOMMENDATIONS FOR SALARY RANGES FOR PROPOSED STAFF, INCLUDING THE ED. TCC TOOK INTO ACCOUNT THE SALARIES OF COMPARABLE POSITIONS WITHIN THE NY NON-PROFIT COMMUNITY WHEN MAKING THEIR RECOMMENDATIONS. THEY PRESENTED THEIR ED SALARY RECOMMENDATIONS TO THE BOARD IN DRAFT AT THE OCTOBER 2013 MEETING. THEIR REPORT WAS SUBMITTED IN DECEMBER 2012. ALL MEMBERS OF THE BOARD RECEIVED COPIES. AT THE APRIL 2013 BOARD MEETING, THE BOARD APPROVED A FULL-YEAR BUDGET FOR 2013 WHICH INCLUDED UP TO THE MAXIMUM RECOMMENDED BY TCC FOR THE ED SALARY. THE ED WAS TENTATIVELY SELECTED THE WEEKEND OF THE BOARD MEETING. DURING THE FOLLOWING WEEK, THE PRESIDENT NEGOTIATED A SALARY THAT WAS WITHIN THE RANGE RECOMMENDED BY TCC. THE PRESIDENT, AFTER CONSULTING WITH THE EXECUTIVE VICE-PRESIDENT, MADE THE OFFER. WHEN THE ED ACCEPTED THE POSITION, THE PRESIDENT IMMEDIATELY INFORMED THE BOARD OF THE SELECTION AND AGREED-UPON SALARY.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. OUR GOVERNING DOCUMENTS ARE ALSO AVAILABLE THROUGH OUR WEBSITE.
FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 1,348. MANAGEMENT AND GENERAL EXPENSES 774. FUNDRAISING EXPENSES 195. TOTAL EXPENSES 2,317. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 36,953. MANAGEMENT AND GENERAL EXPENSES 37,167. FUNDRAISING EXPENSES 34,470. TOTAL EXPENSES 108,590.
FORM 990, PART XII, LINE 2C: THE DIRECTOR DISTRIBUTES THE DOCUMENT TO THE COMMITTEE UPON RECEIPT FROM THE INDEPENDENT AUDITORS. THE COMMITTEE MAKES A FINAL RECOMMENDATION REGARDING THE ACCEPTANCE OR DECLINATION OF THE AUDITED FINANCIALS AT THE SAME MEETING. THE BOARD VOTES AT THAT TIME. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2013

Additional Data


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