Form990-PF
Click to see attachment
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE ROBERT D AND PATRICIA E KERN
FAMILY FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)W305 S4239 BROOKHILL ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WAUKESHA, WI53189
A Employer identification number

39-1923558
B Telephone number (see instructions)

(262) 968-6838
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$759,382,340J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,827,486 5,827,486  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 56,890,762
b Gross sales price for all assets on line 6a 138,826,062
7 Capital gain net income (from Part IV, line 2)... 56,890,762
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 9,905,285 9,946,972 0
12 Total. Add lines 1 through 11........ 72,623,533 72,665,220  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,215,617 142,550   1,073,067
14 Other employee salaries and wages...... 2,893,245 26,870   2,866,375
15 Pension plans, employee benefits....... 1,230,223 40,810   1,189,413
16a Legal fees (attach schedule)......... Click to see attachment 34,502 0   17,389
b Accounting fees (attach schedule)....... Click to see attachment 36,917 18,459   18,458
c Other professional fees (attach schedule).... Click to see attachment 5,548,863 2,705,508   2,843,355
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 981,139 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 31,916 0   31,916
21 Travel, conferences, and meetings....... 662,453 0   662,453
22 Printing and publications.......... 3,688 0   3,688
23 Other expenses (attach schedule)....... Click to see attachment 1,489,924 0   1,489,924
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,128,487 2,934,197   10,196,038
25 Contributions, gifts, grants paid....... 65,650,248 65,650,248
26 Total expenses and disbursements. Add lines 24 and 25 79,778,735 2,934,197   75,846,286
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,155,202
b Net investment income (if negative, enter -0-) 69,731,023
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 49,722 156,090 156,090
2 Savings and temporary cash investments......... 8,627,151 11,767,963 11,767,963
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 349,031,148 Click to see attachment355,920,251 355,920,251
c Investments—corporate bonds (attach schedule)....... 81,494,977 Click to see attachment97,667,853 97,667,853
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 278,788,171 Click to see attachment293,870,183 293,870,183
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 717,991,169 759,382,340 759,382,340
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 717,991,169 759,382,340
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 717,991,169 759,382,340
30 Total liabilities and net assets/fund balances (see instructions). 717,991,169 759,382,340
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
717,991,169
2
Enter amount from Part I, line 27a .....................
2
-7,155,202
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
48,546,373
4
Add lines 1, 2, and 3 ..........................
4
759,382,340
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
759,382,340
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a VARIOUS STOCKS AND BONDS      
b GAINS REPORTED ON K-1S AND PARTNERSHIPS      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 122,832,391   81,935,300 40,897,091
b 15,993,671     15,993,671
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       40,897,091
b       15,993,671
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 56,890,762
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 969,261
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 969,261
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 635,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 140,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 775,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 5,248
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 199,509
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.KFFDN.ORG
    14
    The books are in care ofbulletMR MICHAEL W SENSKE Telephone no.bullet (262) 968-6838

    Located atbulletW305 S4239 BROOKHILL ROADWAUKESHAWI ZIP+4bullet53189
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BODE KYLE R VICE PRESIDENT
    40.00     		314,481 55,920 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    GRABER RICHARD DIRECTOR
    1.00     		1,500 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    HANSON GAIL DIRECTOR
    1.00     		3,500 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    KERN ROBERT D DIRECTOR & VICE PRESIDENT
    10.00     		0 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    PETERSON MARCIA DIRECTOR & CHAIRMAN OF THE BOARD
    10.00     		0 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    PIERSON WARREN DIRECTOR
    1.00     		1,500 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    RAHN JAMES C DIRECTOR & PRESIDENT
    40.00     		589,031 56,632 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    RAMIREZ AUSTIN DIRECTOR
    1.00     		2,000 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    ROELL STEVEN DIRECTOR
    1.00     		2,000 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    SENSKE MICHAEL W CFO & TREASURER
    40.00     		300,105 58,439 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    TABAT DAWN DIRECTOR
    1.00     		1,500 0 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    PURVIS ELIZABETH PROGRAM DIRECTOR
    40.00     		248,451 58,135 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    STAWSKI CHRISTOPHER PROGRAM DIRECTOR
    40.00     		195,503 47,883 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    DOUG MELTON PROGRAM DIRECTOR
    40.00     		178,203 43,391 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    KAREN WILKEN PROGRAM DIRECTOR
    40.00     		166,434 37,777 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    HEATHCOCK JOHN PROGRAM DIRECTOR
    40.00     		167,535 13,755 0
    W305 S4239 BROOKHILL ROAD
    WAUKESHA,WI53189
    Total number of other employees paid over $50,000...................bullet 24
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    FRANKLINCOVEY CLIENT SALES INC CONSULTING 2,500,000
    2200 W PARKWAY BLVD
    SALT LAKE CITY,UT84119
    PGIM REAL ESTATE INVESTMENT ADVISORY 402,203
    7 GIRALDA FARMS
    MADISON,NJ07940
    FRED ALGER MANAGEMENT INC INVESTMENT ADVISORY 394,708
    111 FIFTH AVENUE
    NEW YORK,NY10003
    INVESCO ADVISORS INVESTMENT ADVISORY 313,364
    1555 PEACHTREE STREET NE SUITE 1800
    ATLANTA,GA30309
    FIDUCIARY MANAGEMENT INC INVESTMENT ADVISORY 304,677
    100 EAST WISCONSIN AVENUE SUITE
    2200
    MILWAUKEE,WI53202
    Total number of others receiving over $50,000 for professional services.............bullet11
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 KERN ENGINEERING ENTREPRENEURSHIP NETWORK PROGRAM (KEEN) CONFERENCES - 2 CONFERENCES CONVENED AND SPONSORED BY THE FOUNDATION WITH A TOTAL OF 463 GRANTEES IN ATTENDENCE. 301,209
    2 E&C PROGRAM NETWORK CONFERENCES - HOSTED 11 EVENTS IN 2021 WITH A TOTAL OF 512 GRANTEES IN ATTENDANCE 41,733
    3 CREATION OF KEEN DIGITAL PLATFORM DESIGN AND MAINTENANCE FOR USE BY THE KEEN NETWORK OF OVER 4,000 USERS. 897,168
    4 FACULTY DEVELOPMENT - 12 CONFERENCES CONVENED TO TRAIN FACULTY WITHIN THE KEEN NETWORK WITH 191 GRANTEES IN ATTENDANCE. 488,843
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    461,553,315
    b
    Average of monthly cash balances.......................
    1b
    102,219
    c
    Fair market value of all other assets (see instructions)................
    1c
    291,533,314
    d
    Total (add lines 1a, b, and c).........................
    1d
    753,188,848
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    753,188,848
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    11,297,833
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    741,891,015
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    37,094,551
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    37,094,551
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    969,261
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    2,985
    c
    Add lines 2a and 2b............................
    2c
    972,246
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    36,122,305
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    279,152
    5
    Add lines 3 and 4............................
    5
    36,401,457
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    36,401,457
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 36,401,457
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 15,796,605
    b From 2017...... 21,076,998
    c From 2018...... 19,009,234
    d From 2019...... 23,200,664
    e From 2020...... 30,262,866
    f Total of lines 3a through e ........ 109,346,367
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 75,846,286
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 36,401,457
    e Remaining amount distributed out of corpus 39,444,829
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 148,791,196
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		15,796,605
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		132,994,591
    10 Analysis of line 9:
    a Excess from 2017.... 21,076,998
    b Excess from 2018.... 19,009,234
    c Excess from 2019.... 23,200,664
    d Excess from 2020.... 30,262,866
    e Excess from 2021.... 39,444,829
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    KERN ROBERT D
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY
    98 FULTON STREET EAST
    GRAND RAPIDS,MI49503     		NONE PC FWE FOCUSED PROGRAMMING, CONFERENCES 2,461,000
    AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH
    1789 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		NONE PC SUPPORT THE FAITH AND PUBLIC LIFE PROGRAM 3,000,000
    AMERICAN SOCIETY FOR ENGINEERING EDUCATION
    1818 N STREET NW SUITE 600
    WASHINGTON,DC20036     		NONE PC SUPPORT PROGRAM ACTIVITIES TO ADVANCE EM RESOURCES FOR ASEE MEMBERS 400,000
    ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
    300 E UNIVERSITY DR
    TEMPE,AZ85281     		NONE PC EMBEDDING EM INSTITUTIONALLY 810,000
    ARKANSAS TECH UNIVERSITY FOUNDATION
    1509 N BOULDER AVE
    RUSSELLVILLE,AR72801     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    ARTISTS IN CHRISTIAN TESTIMONY
    PO BOX 1649
    BRENTWOOD,TN37024     		NONE PC FWE FOCUSED CONTENT 158,500
    ASSEMBLIES OF GOD THEOLOGICAL SEMINARY
    1435 NORTH GLENSTONE AVENUE
    SPRINGFIELD,MO65802     		NONE PC GROW APDP 155,000
    AUGSBURG UNIVERSITY
    2211 RIVERSIDE AVE
    MINNEAPOLIS,MN55454     		NONE PC IMPLEMENT APDP 90,000
    BELMONT UNIVERSITY
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		NONE PC INFUSE CHARACTER EDUCATION ACROSS BELMONT UNIVERSITY 975,000
    BES INC
    131 DARTMOUTH ST FLOOR 3
    BOSTON,MA02116     		NONE PC EMBED VIRTUE ETHICS CHARACTER ACROSS LEADERSHIP PROGRAMS 1,200,000
    BETHEL UNIVERSITY
    3900 BETHEL DRIVE
    ST PAUL,MN55112     		NONE PC IMPLEMENT APDP 99,221
    BIOLA UNIVERSITY INC
    13800 BIOLA AVE
    LA MIRADA,CA90639     		NONE PC GROW APDP 200,000
    BOARD OF TRUSTEES FOR THE UNIVERSITY OF ALABAMA
    PO BOX 870142
    TUSCALOOSA,AL35487     		NONE GOV SUPPORT THE INFUSION OF CHARACTER EDUCATION INTO EXTERNAL PROGRAMMING 591,467
    BOARD OF TRUSTEES OF THE UNIVERSITY OF ARKANSAS ACTING FOR AND ON BEHALF OF
    535 W RESEARCH CENTER BLVD STE 120
    FAYETTE,AR72701     		NONE GOV SUPPORT THE INFUSION OF CHARACTER EDUCATION INTO EXTERNAL PROGRAMMING 150,000
    BOSTON COLLEGE TRUSTEES
    140 COMMONWEALTH AVE
    CHESTNUT HILL,MA02467     		NONE PC SUPPORT THE DEVELOPMENT OF PROFESSIONAL LEARNING COMMUNITIES (PLC'S) 500,000
    BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION INC
    575 MADISON AVE STE 1006
    NEW YORK,NY10022     		NONE PC CHARACTER INITIATIVE; DEVELOPMENT OF CHARACTER VIRTUES 1,558,333
    BUCKNELL UNIVERSITY
    235 DANA ENGINEERING BLDG
    LEWISBURG,PA17837     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    CALIFORNIA BAPTIST UNIVERSITY
    8432 MAGNOLIA AVE
    RIVERSIDE,CA92504     		NONE PC IMPLEMENT APDP 200,000
    CAMPBELL UNIVERSITY
    450 LESLIE CAMPBELL AVE
    BUIS CREEK,NC27506     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 20,000
    CATHOLIC MEMORIAL HIGH SCHOOL OF WAUKESHA INC
    221 SOUTH HARTWELL AVENUE
    WAUKESHA,WI53186     		NONE PC OPERATING EXPENSES 25,000
    CENTER FOR URBAN TEACHING INC
    2600 W WISCONSIN AVE
    MILWAUKEE,WI53233     		NONE PC SUPPORT LEADERSHIP DEVELOPMENT PROGRAM 360,000
    CHALMERS CENTER FOR ECONOMIC DEVELOPMENT AT COVENANT COLLEGE
    507 MCFARLAND ROAD SUITE B
    LOOKOUT MOUNTAIN,GA30750     		NONE PC SUPPORT THE DEVELOPMENT OF A NETWORK OF TRAINERS FOR OUR STRATEGIC PARTNERS 50,000
    CHARACTER LAB INC
    3675 MARKET STREET SUITE 200
    PHILADELPHIA,PA19104     		NONE PC CHARACTER FOCUSED CONTENT AND PROGRAMMING 300,000
    CHARTER FUND INC
    10901 W 120TH AVE SUITE 450
    BROOMFIELD,CO80021     		NONE PC IMPACT-CHARACTER-CTE INTEGRATION 9,000,000
    CHRISTIAN HISTORY INSTITUTE INC
    PO BOX 540
    WORCESTER,PA19490     		NONE PC SUPPORT CHRISTIAN HISTORY MAGAZINE 50,000
    CHURCH PLANTING NETWORK
    10751 PALACE CT
    MANASSAS,VA20111     		NONE PC SUPPORT THE EXPONENTIAL VENTURES INITIATIVE 50,000
    COLONIAL WILLIAMSBURG FOUNDATION
    PO BOX 1776
    WILLIAMSBURG,VA23187     		NONE PC SUPPORT HISTORICAL CHARACTER ACTORS 200,000
    COMMUNITY COLLEGE OF ALLEGHENY COUNTY
    808 RIDGE AVENUE 109 BYERS HALL
    PITTSBURGH,PA15212     		NONE GOV ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    COMMUNITY WAREHOUSE INC
    521 S 9TH STREET
    MILWAUKEE,WI53204     		NONE PC OPERATING EXPENSES 25,000
    CONCORDIA UNIVERSITY
    1530 CONCORDIA WEST
    IRVINE,CA92612     		NONE PC IMPLEMENT APDP 500,000
    COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES
    321 EIGHTH STREET NE
    WASHINGTON,DC20002     		NONE PC SPONSOR AND SUPPORT CCCU'S 2022 INTERNATIONAL FORUM 90,000
    CROWN COLLEGE
    8700 COLLEGE VIEW DRIVE
    ST BONIFACIUS,MN55375     		NONE PC GROW APDP 100,000
    DREXEL UNIVERSITY
    3141 CHESTNUT STREET
    PHILADELPHIA,PA19104     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 160,000
    DUKE UNIVERSITY
    146 LANGFORD BUILDING PO BOX 90968
    DURHAM,NC27708     		NONE PC IMPLEMENT APDP; SUPPORT DEVELOPMENT OF A CHARACTER FRAMEWORK; SUPPORT ANNUAL CONFERENCE ON CHARACTER 1,010,000
    ELON UNIVERSITY
    100 CAMPUS DRIVE
    ELON,NC27244     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    ERSKINE COLLEGE
    2 WASHINGTON ST
    DUE WEST,SC29639     		NONE PC IMPLEMENT APDP 97,600
    EVANGELICAL PRESBYTERIAN CHURCH INC
    5800 TG LEE BLVD STE 510
    ORLANDO,FL32822     		NONE PC BROADEN THE ORDINATION PIPELINE OF THE EPC 8,750
    FLORIDA INSTITUTE OF TECHNOLOGY INC
    150 WEST UNIVERSITY BOULEVARD
    MELBOURNE,FL32901     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING; TOOLS FOR "PROTOTYPING WITH A PURPOSE" 145,000
    FOREST SCHOOL
    290 HEATHERDEN AVE
    FAYETTEVILLE,GA30214     		NONE PC SUPPORT FORREST SCHOOL'S CHARACTER EDUCATION APPROACH 150,000
    FOUNDATION FOR ECONOMIC EDUCATION INC
    1718 PEACHTREE SUITE 1048
    ATLANTA,GA30309     		NONE PC SUPPORT FEE'S ONGOING MISSION 362,500
    FRESNO PACIFIC UNIVERSITY
    1717 S CHESTNUT AVE
    FRESNO,CA93702     		NONE PC IMPLEMENT APDP 137,750
    GEORGE FOX UNIVERSITY
    414 N MERIDIAN ST
    NEWBERG,OR97132     		NONE PC IMPLEMENT APDP 143,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW
    WASHINGTON,DC20057     		NONE PC TO EMBED PRACTICAL WISDOM INTO THE CURRICULAR MATERIALS FOR EDUNOMICS LAB'S CERTIFICATE IN EDUCATION FINANCE 100,000
    GEORGIA TECH RESEARCH CORPORATION
    800 WEST PEACHTREE STREET NW-ROOM
    4428
    ATLANTA,GA30308     		NONE SO III FI ENHANCE AND ADVANCE KEEN MISSION 2,510,000
    GORDON COLLEGE
    255 GRAPEVINE ROAD
    WENHAM,MA01984     		NONE PC IMPLEMENT APDP 114,000
    GORDON CONWELL THEOLOGICAL SEMINARY INC
    130 ESSEX ST
    SOUTH HAMILTON,MA01982     		NONE PC IMPLEMENT APDP 128,400
    GPS EDUCATION PARTNERS INC
    20633 WATERTOWN CT SUITE 202
    BROOKFIELD,WI53186     		NONE PC OPERATING EXPENSES 25,000
    GRACE SCHOOLS
    200 SEMINARY DR
    WINONA LAKE,IN46590     		NONE PC IMPLEMENT APDP 102,500
    GRAND CANYON UNIVERSITY
    3300 W CAMELBACK RD
    PHOENIX,AZ85017     		NONE PC IMPLEMENT APDP 540,000
    GREATHEARTS FOUNDATION
    4801 EAST WASHINGTON ST STE 250
    PHOENIX,AZ85034     		NONE SO I SUPPORT THE VIRTUE LEADERSHIP PROGRAM AND THE EXPANSION OF THEIR SCHOOL NETWORK 7,446,485
    GROVE CITY COLLEGE
    100 CAMPUS DR
    GROVE CITY,PA16127     		NONE PC RESEARCH AND GROW APDP 15,000
    HOPE INSTITUTE
    PO BOX 530491
    MOUNTAIN BRK,AL35253     		NONE PC ENHANCE AND EXPAND HOPE LEADERSHIP ACADEMY 175,000
    IN MEDIAS RES
    3 UNIVERSITY CIRCLE
    CHARLOTTESVILLE,VA22903     		NONE PC SUPPORT A SERIES OF SMALL COHORTS OF STRATEGIC LEADERS IN FALL 2021 73,000
    INDIANA WESLEYAN UNIVERSITY
    4201 S WASHINGTON STREET
    MARION,IN46953     		NONE PC GROW APDP 418,500
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		NONE PC OPERATING EXPENSES 250,000
    JAMES MADISON UNIVERSITY FOUNDATION INC
    1320 S MAIN STREET
    HARRISONBURG,VA22807     		NONE PC DEVELOP AND ENHANCE EM STUDENT EXPERIENCES 160,000
    JOHN JAY INSTITUTE FOR FAITH SOCIETY AND LAW INC
    PO BOX 28221
    PHILADELPHIA,PA19131     		NONE PC SUPPORT EXPANSION OF THE FELLOWS PROGRAM. 100,000
    JOHNS HOPKINS UNIVERSITY
    3910 KESWICK ROAD SUITE N2100
    BALTIMORE,MD21211     		NONE PC TO SUPPORT A POSTDOCTORAL FELLOW AT THE JOHNS HOPKINS INSTITUTE FOR EDUCATION POLICY 122,389
    LATIN AMERICAN BIBLE INSTITUTE COLLEGE
    14209 E LOMITAS
    LA PUENTE,CA91746     		NONE PC IMPLEMENT APDP 124,000
    LAWRENCE TECHNOLOGICAL UNIVERSITY
    21000 WEST TEN MILE ROAD
    SOUTHFIELD,MI48075     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 344,000
    LIPSCOMB UNIVERSITY
    ONE UNIVERSITY PARK DRIVE
    NASHVILLE,TN37204     		NONE PC IMPLEMENT APDP; INFUSE CHARACTER IN PRINCIPAL LEADERSHIP PROGRAM 630,000
    LUTHERAN HIGH SCHOOL ASSOCIATION OF GREATER MILWAUKEE
    10427 W LINCOLN AVENUE STE 1300
    MILWAUKEE,WI53227     		NONE PC OPERATING EXPENSES 25,000
    LUTHERAN UNIVERSITY ASSOCIATION
    1700 CHAPEL DR
    VALPARAISO,IN46383     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    MICHIGAN TECH FUND
    1400 TOWNSEND DRIVE
    HOUGHTON,MI49931     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 410,000
    MIDWESTERN BAPTIST THEOLOGICAL SEMINARY INC
    5001 N OAK TRAFFICWAY
    KANSAS CITY,MO64118     		NONE PC GROW APDP 44,000
    MILWAUKEE SCHOOL OF ENGINEERING
    1025 NORTH BROADWAY
    MILWAUKEE,WI52303     		NONE PC CREATE INSTITUTE FORMATION; KERN SCHOLARSHIP FUND; MBA ED LEADERSHIP PROGRAM; EM FACULTY DEVELOPMENT TRAINING 950,000
    MONTANA STATE UNIVERSITY
    CULBERTSON HALL 100
    BOZEMAN,MT59717     		NONE GOV KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 250,000
    MTF FUND
    10901 LOWELL AVE STE 130
    OVERLAND PARK,KS66210     		NONE SO I SUPPORT THE GROWTH AND IMPACT OF MTF 2,100,000
    NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE
    100 VENTURE WAY
    HADLEY,MA01035     		NONE PC SUPPORT EM AND SUSTAINABILITY FACULTY DEVELOPMENT WORKSHOPS 27,000
    NEW SCHOOLS FOR ALABAMA
    2 20TH ST N STE 1315
    BIRMINGHAM,AL35203     		NONE PC SUPPORT CREATING AND OPERATING CHARTER SCHOOLS IN ALABAMA 455,000
    NORTH AMERICAN BAPTIST SEMINARY
    2100 SOUTH SUMMIT AVENUE
    SIOUX FALLS,SD57105     		NONE PC GROW APDP 65,000
    NORTH CENTRAL COLLEGE
    30 NORTH BRAINARD ST
    NAPERVILLE,IL60540     		NONE PC CHARACTER EDUCATION PROJECT 650,000
    NORTH DAKOTA STATE UNIVERSITY
    1340 ADMINISTRATION AVE
    FARGO,ND58105     		NONE GOV ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    NORTHERN BAPTIST THEOLOGICAL SEMINARY
    410 WARRENVILLE RD
    LISLE,IL60532     		NONE PC IMPLEMENT APDP 99,117
    NORTHWEST NAZARENE UNIVERSITY INC
    623 S UNIVERSITY BLVD
    NAMPA,ID83686     		NONE PC IMPLEMENT APDP 85,000
    OHIO NORTHERN UNIVERSITY
    525 SOUTH MAIN STREET
    ADA,OH45810     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 285,000
    OHIO STATE UNIVERSITY FOUNDATION
    281 W LANE AVE
    COLUMBUS,OH43210     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT PROJECT 10,000
    PALM BEACH ATLANTIC UNIVERSITY INC
    901 S FLAGLER DR
    WEST PALM BEACH,FL33401     		NONE PC GROW APDP 111,000
    PARENT CHOICE INC
    350 BISHOPS WAY STE 104
    BROOKFIELD,WI53005     		NONE SO I OPERATING EXPENSES; PROTECT/PROMOTE SCHOOL CHOICE 650,000
    PBS FOUNDATION
    2100 CRYSTAL DRIVE
    ARLINGTON,VA22202     		NONE SO I DEVELOPMENT OF KEN BURNS FILM; NATIONAL PBS KIDS CHARACTER EDUCATION AWARENESS CAMPAIGN; PBS KIDS CONTENT 2,003,518
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET NW SUITE 550 SOUTH
    WASHINGTON,DC20036     		NONE PC OPERATING SUPPORT; SUPPORT FOR CONVENING ON PHILANTHROPY IN MEDICAL EDUCATION 25,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    PO BOX 415649
    BOSTON,MA02241     		NONE PC HUMAN FLOURISHING PROGRAM CAPACITY; PILOT TO ADDRESS ETHICS AND CHARACTER ON CAMPUS 1,133,037
    PROJECT LEAD THE WAY INC
    5939 CASTLE CREEK PARKWAY NORTH
    DRIVE
    INDIANAPOLIS,IN46250     		NONE PC CURRICULUM MAP 2,800,000
    REDEEMER CITY TO CITY
    57 W 57TH ST 4TH FLOOR
    NEW YORK,NY10019     		NONE PC FWE CONTENT AND RESOURCES 350,000
    ROCHESTER INSTITUTE OF TECHNOLOGY
    1 LOMB MEMORIAL DR
    ROCHESTER,NY14623     		NONE PC KEEN IMPLEMENTATION 370,000
    ROSE-HULMAN INSTITUTE OF TECHNOLOGY
    5500 WABASH AVENUE
    TERRE HAUTE,IN47803     		NONE PC TOOLS/RESOURCES TO PROMOTE EM 310,000
    ROWAN UNIVERSITY FOUNDATION INC
    201 MULLICA HILL RD
    GLASSBORO,NJ08028     		NONE PC ADVANCE EM ASSESSMENT WITH A DIRECT ASSESSMENT TOOL 182,778
    SAMFORD UNIVERSITY
    800 LAKESHORE DRIVE
    BIRMINGHAM,AL35229     		NONE PC BUILDING CHARACTER AND COMPETENCE 150,000
    SOUTH DAKOTA SCHOOL OF MINES & TECHNOLOGY
    501 E ST JOSEPH ST
    RAPID CITY,SD57701     		NONE GOV ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    SOUTHEASTERN UNIVERSITY INC
    1000 LONGFELLOW BLVD
    LAKELAND,FL33801     		NONE PC GROW APDP 700,000
    ST MARYS UNIVERSITY OF MINNESOTA
    700 TERRACE HEIGHTS
    WINONA,MN55987     		NONE PC SUPPORT THE INFUSION OF VIRTUE ETHICS CHARACTER INTO THE EDUCATION SPECIALIST CURRICULUM 375,183
    ST AUGUSTINE PREPARATORY ACADEMY INC
    2607 S 5TH STREET
    MILWAUKEE,WI53207     		NONE PC OPERATING EXPENSES 25,000
    ST LOUIS UNIVERSITY
    221 N GRAND BLVD
    ST LOUIS,MO63103     		NONE PC EM IN CORE SCIENCE/MATH PROGRAMMING 212,226
    TEACH FOR AMERICA INC
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PC SUPPORT SUMMER INSTITUTE; INFUSE CHARACTER INTO PROGRAMMING 700,000
    THE GOSPEL COALITION INC
    2065 HALF DAY RD
    DEERFIELD,IL60015     		NONE PC SUPPORT FWE CONTENT 228,866
    THE MEDICAL COLLEGE OF WISCONSIN INC
    8701 WATERTOWN PLANK ROAD
    MILWAUKEE,WI53226     		NONE PC KERN INSTITUTE - MCW - NATIONAL TRANSFORMATION NETWORK; SUPPORT ENDOWED CHAIR OF BRAIN TRAUMA RESEARCH 2,375,000
    THE UNIVERSITY OF TENNESSEE FOUNDATION INC
    1525 UNIVERSITY AVENUE
    KNOXVILLE,TN37921     		NONE PC INTEGRATE VEC WITHIN UTK'S CENTER FOR EDUCATIONAL LEADERSHIP 173,374
    THOMAS B FORDHAM INSTITUTE
    1016 16TH STREET NW 8TH FLOOR
    WASHINGTON,DC20036     		NONE PC TO SUPPORT A COMMENTARY SERIES FOCUSED ON VIRTUE EDUCATION AND ETHICS IN SCHOOLS 20,000
    TRINITY INTERNATIONAL UNIVERSITY
    2065 HALF DAY RD
    DEERFIELD,IL60015     		NONE PC OIKONOMIA NETWORK SUPPORT 180,000
    UNION UNIVERSITY
    1050 UNION UNIVERSITY DRIVE
    JACKSON,TN38305     		NONE PC IMPLEMENT APDP 141,000
    UNIVERSITY OF DAYTON
    300 COLLEGE PARK
    DAYTON,OH45469     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 470,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    148 ROSENAU HALL CB 7431
    CHAPEL HILL,NC27599     		NONE GOV KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 409,965
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    OFFICE OF RESEARCH AND SPONSORED
    PROGRAMS 213 EAST BARTLETT HALL
    CEDAR FALLS,IA50614     		NONE PC ED LEADERSHIP PROGRAM; DEVELOP A STATE NETWORK FOR SCHOOL LEADERS; CHARACTER INTEGRATION 733,940
    UNIVERSITY OF PORTLAND
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 120,000
    UNIVERSITY OF ST THOMAS
    2115 SUMMIT AVENUE
    SAINT PAUL,MN55105     		NONE PC EXPANSION OF NETWORK LEADERSHIP ON CURIOSITY 89,000
    UNIVERSITY OF TOLEDO
    2801 BANCROFT ST
    TOLEDO,OH43606     		NONE GOV KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 160,000
    UPLIFT EDUCATION
    3000 PEGASUS PARK DRIVE STE 1100
    DALLAS,TX75247     		NONE PC TO BUILD UPON THE STUDENT AND STAFF WELL-BEING INITIATIVE 353,000
    URBAN OUTREACH FOUNDATION
    1451 HUNTINGTON DR
    CALUMET CITY,IL60409     		NONE PC PILOTING OF FWE RESOURCES 40,000
    UTAH STATE UNIVERSITY
    1590 OLD MAIN HILL
    LOGAN,UT84322     		NONE GOV SUPPORT THE CREATION OF A SCHOOL LEADERS SUPPORT PLAN FOR CHARACTER EDUCATION 101,000
    UW-PLATTEVILLE FOUNDATION INC
    1 UNIVERSITY PLAZA
    PLATTEVILLE,WI53818     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 190,000
    VENTOUX PARTNERSHIP NETWORK INC
    1160 BEACH AVENUE
    BRONX,NY10472     		NONE PC SUPPORT THE DEVELOPMENT OF A CURRICULUM THAT INTEGRATES CHARACTER INTO AN IB FRAMEWORK 150,000
    WAKE FOREST UNIVERSITY
    1834 WAKE FOREST ROAD
    WINSTONSALEM,NC27106     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 2,537,753
    WARTBURG COLLEGE
    100 WARTBURG COLLEGE
    WAVERLY,IA50677     		NONE PC IMPLEMENT APDP 130,000
    WELCH COLLEGE
    1045 BISON TR
    GALLATIN,TN37066     		NONE PC IMPLEMENT APDP 326,000
    WESTERN NEW ENGLAND UNIVERSITY
    1215 WILBRAHAM ROAD
    SPRINGFIELD,MA01119     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    WGU ADVANCEMENT
    4001 S 700 EAST 700
    SALT LAKE CITY,UT84107     		NONE SO I SUPPORT THE DEVELOPMENT OF CHARACTER-FOCUSED PROGRAMMING FOR EDUCATIONAL LEADERS AND TEACHERS 956,500
    WILLIAM JESSUP UNIVERSITY
    2121 UNIVERSITY AVENUE
    ROCKLIN,CA95765     		NONE PC IMPLEMENT APDP 100,596
    WILLIAM MARSH RICE UNIVERSITY
    PO BOX 2932-MS 531
    HOUSTON,TX77005     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 10,000
    WINDRIDER INSTITUTE INC
    PO BOX 1640
    EAGLE,ID83616     		NONE POF CONTENT CREATION 259,000
    WISCONSIN EVANGELICAL LUTHERAN SYNOD
    N16W23377 STONE RIDGE DR
    WAUKESHA,WI53188     		NONE PC PRINCIPAL PARTICIPATION IN MSOE MBA-EL 156,000
    WISCONSIN INSTITUTE FOR LAW & LIBERTY INC
    330 E KILBOURN SUITE 725
    MILWAUKEE,WI53202     		NONE PC OPERATING EXPENSES 595,000
    LEGATUM INSTITUTE FOUNDATION
    11 CHARLES STREET
    LONDON    
    UK     		NONE PC FORUM US PILOT 100,000
    Total .................................bullet 3a 65,650,248
    bApproved for future payment
    ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY
    98 FULTON STREET EAST
    GRAND RAPIDS,MI49503     		NONE PC FWE FOCUSED PROGRAMMING, CONFERENCES 3,200,000
    AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH
    1789 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		NONE PC SUPPORT THE FAITH AND PUBLIC LIFE PROGRAM 750,000
    AMERICAN SOCIETY FOR ENGINEERING EDUCATION
    1818 N STREET NW SUITE 600
    WASHINGTON,DC20036     		NONE PC SUPPORT PROGRAM ACTIVITIES TO ADVANCE EM RESOURCES FOR ASEE MEMBERS 250,000
    ASSEMBLIES OF GOD THEOLOGICAL SEMINARY
    1435 NORTH GLENSTONE AVENUE
    SPRINGFIELD,MO65802     		NONE PC GROW APDP 200,000
    AUGSBURG UNIVERSITY
    2211 RIVERSIDE AVE
    MINNEAPOLIS,MN55454     		NONE PC IMPLEMENT APDP 139,454
    BELMONT UNIVERSITY
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		NONE PC INFUSE CHARACTER EDUCATION ACROSS BELMONT UNIVERSITY 1,175,000
    BES INC
    131 DARTMOUTH ST FLOOR 3
    BOSTON,MA02116     		NONE PC EMBED VIRTUE ETHICS CHARACTER ACROSS LEADERSHIP PROGRAMS 600,000
    BIOLA UNIVERSITY INC
    13800 BIOLA AVE
    LA MIRADA,CA90639     		NONE PC GROW APDP 385,112
    BOARD OF TRUSTEES FOR THE UNIVERSITY OF ALABAMA
    PO BOX 870142
    TUSCALOOSA,AL35487     		NONE GOV SUPPORT THE INFUSION OF CHARACTER EDUCATION INTO EXTERNAL PROGRAMMING 995,379
    BOSTON COLLEGE TRUSTEES
    140 COMMONWEALTH AVE
    CHESTNUT HILL,MA02467     		NONE PC SUPPORT THE DEVELOPMENT OF PROFESSIONAL LEARNING COMMUNITIES (PLC'S) 1,000,000
    BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION INC
    575 MADISON AVE STE 1006
    NEW YORK,NY10022     		NONE PC CHARACTER INITIATIVE; DEVELOPMENT OF CHARACTER VIRTUES 2,359,087
    CALIFORNIA BAPTIST UNIVERSITY
    8432 MAGNOLIA AVE
    RIVERSIDE,CA92504     		NONE PC IMPLEMENT APDP 184,000
    CHARACTER LAB INC
    3675 MARKET STREET SUITE 200
    PHILADELPHIA,PA19104     		NONE PC CHARACTER FOCUSED CONTENT AND PROGRAMMING 1,700,000
    CHARTER FUND INC
    10901 W 120TH AVE SUITE 450
    BROOMFIELD,CO80021     		NONE PC IMPACT-CHARACTER-CTE INTEGRATION 36,000,000
    CONCORDIA UNIVERSITY
    1530 CONCORDIA WEST
    IRVINE,CA92612     		NONE PC IMPLEMENT APDP 1,239,000
    CROWN COLLEGE
    8700 COLLEGE VIEW DRIVE
    ST BONIFACIUS,MN55375     		NONE PC GROW APDP 100,000
    DREXEL UNIVERSITY
    3141 CHESTNUT STREET
    PHILADELPHIA,PA19104     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 1,185,000
    ERSKINE COLLEGE
    2 WASHINGTON ST
    DUE WEST,SC29639     		NONE PC IMPLEMENT APDP 195,200
    FOUNDATION FOR ECONOMIC EDUCATION INC
    1718 PEACHTREE SUITE 1048
    ATLANTA,GA30309     		NONE PC SUPPORT FEE'S ONGOING MISSION 362,500
    FRESNO PACIFIC UNIVERSITY
    1717 S CHESTNUT AVE
    FRESNO,CA93702     		NONE PC IMPLEMENT APDP 413,250
    GEORGE FOX UNIVERSITY
    414 N MERIDIAN ST
    NEWBERG,OR97132     		NONE PC IMPLEMENT APDP 157,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW
    WASHINGTON,DC20057     		NONE PC TO EMBED PRACTICAL WISDOM INTO THE CURRICULAR MATERIALS FOR EDUNOMICS LAB'S CERTIFICATE IN EDUCATION FINANCE 100,000
    GEORGIA TECH RESEARCH CORPORATION
    800 WEST PEACHTREE STREET NW-ROOM
    4428
    ATLANTA,GA30308     		NONE SO III FI ENHANCE AND ADVANCE KEEN MISSION 634,000
    GORDON COLLEGE
    255 GRAPEVINE ROAD
    WENHAM,MA01984     		NONE PC IMPLEMENT APDP 342,000
    GORDON CONWELL THEOLOGICAL SEMINARY INC
    130 ESSEX ST
    SOUTH HAMILTON,MA01982     		NONE PC IMPLEMENT APDP 513,600
    GRACE SCHOOLS
    200 SEMINARY DR
    WINONA LAKE,IN46590     		NONE PC IMPLEMENT APDP 102,500
    GRAND CANYON UNIVERSITY
    3300 W CAMELBACK RD
    PHOENIX,AZ85017     		NONE PC IMPLEMENT APDP 1,620,000
    GREATHEARTS FOUNDATION
    4801 EAST WASHINGTON ST STE 250
    PHOENIX,AZ85034     		NONE SO I SUPPORT THE VIRTUE LEADERSHIP PROGRAM AND THE EXPANSION OF THEIR SCHOOL NETWORK 18,451,733
    HOPE INSTITUTE
    PO BOX 530491
    MOUNTAIN BRK,AL35253     		NONE PC ENHANCE AND EXPAND HOPE LEADERSHIP ACADEMY 215,000
    INDIANA WESLEYAN UNIVERSITY
    4201 S WASHINGTON STREET
    MARION,IN46953     		NONE PC GROW APDP 1,191,000
    JAMES MADISON UNIVERSITY FOUNDATION INC
    1320 S MAIN STREET
    HARRISONBURG,VA22807     		NONE PC DEVELOP AND ENHANCE EM STUDENT EXPERIENCES 160,000
    JOHN JAY INSTITUTE FOR FAITH SOCIETY AND LAW INC
    PO BOX 28221
    PHILADELPHIA,PA19131     		NONE PC SUPPORT EXPANSION OF THE FELLOWS PROGRAM. 182,000
    LAWRENCE TECHNOLOGICAL UNIVERSITY
    21000 WEST TEN MILE ROAD
    SOUTHFIELD,MI48075     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 400,000
    LIPSCOMB UNIVERSITY
    ONE UNIVERSITY PARK DRIVE
    NASHVILLE,TN37204     		NONE PC IMPLEMENT APDP; INFUSE CHARACTER IN PRINCIPAL LEADERSHIP PROGRAM 1,430,970
    MICHIGAN TECH FUND
    1400 TOWNSEND DRIVE
    HOUGHTON,MI49931     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 208,500
    MIDWESTERN BAPTIST THEOLOGICAL SEMINARY INC
    5001 N OAK TRAFFICWAY
    KANSAS CITY,MO64118     		NONE PC GROW APDP 33,000
    MILWAUKEE SCHOOL OF ENGINEERING
    1025 NORTH BROADWAY
    MILWAUKEE,WI52303     		NONE PC CREATE INSTITUTE FORMATION; KERN SCHOLARSHIP FUND; MBA ED LEADERSHIP PROGRAM; EM FACULTY DEVELOPMENT TRAINING 421,000
    MONTANA STATE UNIVERSITY
    CULBERTSON HALL 100
    BOZEMAN,MT59717     		NONE GOV KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 98,000
    MTF FUND
    10901 LOWELL AVE STE 130
    OVERLAND PARK,KS66210     		NONE SO I SUPPORT THE GROWTH AND IMPACT OF MTF 2,074,000
    NEW SCHOOLS FOR ALABAMA
    2 20TH ST N STE 1315
    BIRMINGHAM,AL35203     		NONE PC SUPPORT CREATING AND OPERATING CHARTER SCHOOLS IN ALABAMA 2,260,000
    NORTH AMERICAN BAPTIST SEMINARY
    2100 SOUTH SUMMIT AVENUE
    SIOUX FALLS,SD57105     		NONE PC GROW APDP 130,000
    NORTH CENTRAL COLLEGE
    30 NORTH BRAINARD ST
    NAPERVILLE,IL60540     		NONE PC CHARACTER EDUCATION PROJECT 629,523
    NORTHERN BAPTIST THEOLOGICAL SEMINARY
    410 WARRENVILLE RD
    LISLE,IL60532     		NONE PC IMPLEMENT APDP 99,117
    NORTHWEST NAZARENE UNIVERSITY INC
    623 S UNIVERSITY BLVD
    NAMPA,ID83686     		NONE PC IMPLEMENT APDP 415,000
    PALM BEACH ATLANTIC UNIVERSITY INC
    901 S FLAGLER DR
    WEST PALM BEACH,FL33401     		NONE PC GROW APDP 222,000
    PBS FOUNDATION
    2100 CRYSTAL DRIVE
    ARLINGTON,VA22202     		NONE SO I DEVELOPMENT OF KEN BURNS FILM; NATIONAL PBS KIDS CHARACTER EDUCATION AWARENESS CAMPAIGN; PBS KIDS CONTENT 1,000,000
    PROJECT LEAD THE WAY INC
    5939 CASTLE CREEK PARKWAY NORTH
    DRIVE
    INDIANAPOLIS,IN46250     		NONE PC CURRICULUM MAP 2,500,000
    ROCHESTER INSTITUTE OF TECHNOLOGY
    1 LOMB MEMORIAL DR
    ROCHESTER,NY14623     		NONE PC KEEN IMPLEMENTATION 125,000
    ROSE-HULMAN INSTITUTE OF TECHNOLOGY
    5500 WABASH AVENUE
    TERRE HAUTE,IN47803     		NONE PC TOOLS/RESOURCES TO PROMOTE EM 157,500
    ROWAN UNIVERSITY FOUNDATION INC
    201 MULLICA HILL RD
    GLASSBORO,NJ08028     		NONE PC ADVANCE EM ASSESSMENT WITH A DIRECT ASSESSMENT TOOL 184,683
    SOUTHEASTERN UNIVERSITY INC
    1000 LONGFELLOW BLVD
    LAKELAND,FL33801     		NONE PC GROW APDP 1,400,000
    ST MARYS UNIVERSITY OF MINNESOTA
    700 TERRACE HEIGHTS
    WINONA,MN55987     		NONE PC SUPPORT THE INFUSION OF VIRTUE ETHICS CHARACTER INTO THE EDUCATION SPECIALIST CURRICULUM 300,000
    TEACH FOR AMERICA INC
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PC SUPPORT SUMMER INSTITUTE; INFUSE CHARACTER INTO PROGRAMMING 950,000
    THE UNIVERSITY OF TENNESSEE FOUNDATION INC
    1525 UNIVERSITY AVENUE
    KNOXVILLE,TN37921     		NONE PC INTEGRATE VEC WITHIN UTK'S CENTER FOR EDUCATIONAL LEADERSHIP 134,221
    UNION UNIVERSITY
    1050 UNION UNIVERSITY DRIVE
    JACKSON,TN38305     		NONE PC IMPLEMENT APDP 219,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    148 ROSENAU HALL CB 7431
    CHAPEL HILL,NC27599     		NONE GOV KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 191,000
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    OFFICE OF RESEARCH AND SPONSORED
    PROGRAMS 213 EAST BARTLETT HALL
    CEDAR FALLS,IA50614     		NONE PC ED LEADERSHIP PROGRAM; DEVELOP A STATE NETWORK FOR SCHOOL LEADERS; CHARACTER INTEGRATION 1,933,000
    UNIVERSITY OF PORTLAND
    5000 N WILLAMETTE BLVD
    PORTLAND,OR97203     		NONE PC ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 120,500
    UNIVERSITY OF TOLEDO
    2801 BANCROFT ST
    TOLEDO,OH43606     		NONE GOV KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 134,000
    UPLIFT EDUCATION
    3000 PEGASUS PARK DRIVE STE 1100
    DALLAS,TX75247     		NONE PC TO BUILD UPON THE STUDENT AND STAFF WELL-BEING INITIATIVE 706,000
    UTAH STATE UNIVERSITY
    1590 OLD MAIN HILL
    LOGAN,UT84322     		NONE GOV SUPPORT THE CREATION OF A SCHOOL LEADERS SUPPORT PLAN FOR CHARACTER EDUCATION 199,600
    UW-PLATTEVILLE FOUNDATION INC
    1 UNIVERSITY PLAZA
    PLATTEVILLE,WI53818     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 130,000
    WAKE FOREST UNIVERSITY
    1834 WAKE FOREST ROAD
    WINSTONSALEM,NC27106     		NONE PC KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING 6,593,000
    WARTBURG COLLEGE
    100 WARTBURG COLLEGE
    WAVERLY,IA50677     		NONE PC IMPLEMENT APDP 141,403
    WELCH COLLEGE
    1045 BISON TR
    GALLATIN,TN37066     		NONE PC IMPLEMENT APDP 163,000
    WGU ADVANCEMENT
    4001 S 700 EAST 700
    SALT LAKE CITY,UT84107     		NONE SO I SUPPORT THE DEVELOPMENT OF CHARACTER-FOCUSED PROGRAMMING FOR EDUCATIONAL LEADERS AND TEACHERS 2,586,415
    WILLIAM JESSUP UNIVERSITY
    2121 UNIVERSITY AVENUE
    ROCKLIN,CA95765     		NONE PC IMPLEMENT APDP 68,440
    Total .................................bullet 3b 104,459,687
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 56,890,762  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME     		  -320,839 14 9,946,972  
    bPRIOR YEAR GRANT REFUND         279,152
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -320,839 72,665,220 279,152
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    72,623,533
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11B PRIOR YEAR GRANT REFUND
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    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 taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BAKER TILLY 36,917 18,459   18,458

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WINDRIDER INSTITUTE INC
          		PO BOX 1640
    EAGLE,ID83616     		2020-11-12 101,000 SUPPORT WINDRIDER IGNITE STORY PROJECT 101,000 NONE 6/1/21 2021-06-01 FURTHER VERIFICATION NOT REQUIRED. THE FOUNDATION ACCEPTS THE RESULTS OF THE GRANTEE REPORTING.
    WINDRIDER INSTITUTE INC
          		PO BOX 1640
    EAGLE,ID83616     		2021-03-31 91,000 SUPPORT WINDRIDER IGNITE STORY PROJECT 91,000 NONE 10/29/21 2021-10-29 FURTHER VERIFICATION NOT REQUIRED. THE FOUNDATION ACCEPTS THE RESULTS OF THE GRANTEE REPORTING.
    WINDRIDER INSTITUTE INC
          		PO BOX 1640
    EAGLE,ID83616     		2021-06-30 115,000 SUPPORT WINDRIDER IGNITE STORY PROJECT 115,000 NONE 10/29/21 2021-10-29 FURTHER VERIFICATION NOT REQUIRED. THE FOUNDATION ACCEPTS THE RESULTS OF THE GRANTEE REPORTING.
    WINDRIDER INSTITUTE INC
          		PO BOX 1640
    EAGLE,ID83616     		2021-08-30 53,000 SUPPORT WINDRIDER IGNITE STORY PROJECT 53,000 NONE 10/29/21 2021-10-29 FURTHER VERIFICATION NOT REQUIRED. THE FOUNDATION ACCEPTS THE RESULTS OF THE GRANTEE REPORTING.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BAIRD ADVISORS 40,878,968 40,878,968
    PACIFIC ASSET MANAGEMENT BANK 34,014,138 34,014,138
    TCW EM DEBT 22,774,747 22,774,747

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FMI INTERNATIONAL 46,005,856 46,005,856
    FRED ALGER 62,180,395 62,180,395
    OFI GLOBAL 32,976,605 32,976,605
    VANGUARD S&P 500 INDEX 65,781,031 65,781,031
    VANGUARD RUSSELL 2000 GROWTH 12,399,275 12,399,275
    ACADIAN ASSET MANAGEMENT 38,238,950 38,238,950
    EUROPACIFIC GROWTH FUND 39,540,109 39,540,109
    FIDUCIARY MANAGEMENT 58,798,030 58,798,030

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABERDEEN PRIVATE EQUITY FMV 76,247,591 76,247,591
    ANGELO GORDON ENERGY FMV 889,983 889,983
    CLAIRION LION PROPERTIES FUND FMV 20,247,967 20,247,967
    NIS FMV 29,714,215 29,714,215
    PARAMETRIC FMV 50,884,315 50,884,315
    PORTFOLIO ADVISORS FMV 2,939,872 2,939,872
    PRISA III FMV 33,083,218 33,083,218
    PRUDENTIAL CAPITAL PARTNERS FMV 21,234,963 21,234,963
    RREEF INSTITUTIONAL FMV 15,124,632 15,124,632
    SUMMIT PARTNERS CREDIT FMV 18,012,214 18,012,214
    CRESCENT PRIVATE CREDIT PARTNERS FMV 11,222,897 11,222,897
    CORBIN CAPITAL PARTNERS FMV 14,268,316 14,268,316

    TY 2021 LegalFeesSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    QUARLES & BRADY 34,502 0   17,389


    TY 2021 OtherExpensesSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGES 7,933 0   7,933
    COMPUTER TECHNOLOGY 59,540 0   59,540
    DUES & SUBSCRIPTIONS 7,789 0   7,789
    FURNITURE 329 0   329
    RECRUITMENT EXPENSES 16,350 0   16,350
    MEMORIALS/MISC 144 0   144
    OFFICE SUPPLIES 11,605 0   11,605
    POSTAGE & DELIVERY 223 0   223
    KEEN DIGITAL ENGAGEMENT PLATFORM (DCA) 897,168 0   897,168
    KEEN FACULTY DEVELOPMENT (DCA) 488,843 0   488,843


    TY 2021 OtherIncomeSchedule2
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 9,626,133 9,946,972 9,626,133
    PRIOR YEAR GRANT REFUND 279,152   279,152


    TY 2021 OtherIncreasesSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Description Amount
    CY UNREALIZED GAIN 48,546,373


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AARON JAGDFELD - INVESTMENT CONSULTING 1,500 1,500   0
    ACADIAN - INVESTMENT ADVISORY SERVICES 110,016 110,016   0
    BANK OF AMERICA - CUSTODY SERVICES 48,925 48,925   0
    BETTER PARTNERS, LLC - CONSULTING 4,913 0   4,913
    CLARION LION - INVESTMENT ADVISORY SERVICES 205,971 205,971   0
    FIDUCIARY MANAGEMENT - INVESTMENT ADVISORY SERVICES 304,677 304,677   0
    FRED ALGER - INVESTMENT ADVISORY SERVICES 394,697 394,697   0
    GARY LATO - INVESTMENT CONSULTING 2,000 2,000   0
    MARQUETTE ASSOCIATES - INVESTMENT ADVISORY SERVICES 142,250 142,250   0
    NIS - INVESTMENT ADVISORY SERVICES 249,768 249,768   0
    OFI GLOBAL - INVESTMENT ADVISORY SERVICES 313,364 313,364   0
    PARAMETRIC - INVESTMENT ADVISORY SERVICES 149,162 149,162   0
    PRISA III - INVESTMENT ADVISORY SERVICES 402,203 402,203   0
    PRUDENTIAL REAL ESTATE - INVESTMENT ADVISORY SERVICES 251,360 251,360   0
    GERALD DIMSDALE - CONSULTING 8,137 0   8,137
    RREEF - INVESTMENT ADVISORY SERVICES 127,115 127,115   0
    WISDOM FOR GOOD - CONSULTING 48,255 0   48,255
    WARREN PIERSON - INVESTMENT CONSULTING 2,500 2,500   0
    MICHAEL STRAIN - CONSULTING 25,000 0   25,000
    THOMAS KEPPELER - CONSULTING 25,405 0   25,405
    RICHARD REEVES - CONSULTING 25,000 0   25,000
    EDDY SHIGLEY - CONSULTING 20,373 0   20,373
    RICHARD WEISSBOURD - CONSULTING 82,500 0   82,500
    CHALLENGER, GARY & CHRISTMAS, INC. - CONSULTING 5,000 0   5,000
    JOEL ROSARIO - CONSULTING 33,900 0   33,900
    OAK ROSE GROUP, LLC - CONSULTING 9,249 0   9,249
    SHARON KOENINGS - CONSULTING 11,752 0   11,752
    STEPHEN PRESLEY - CONSULTING 7,713 0   7,713
    MARY MURPHY - CONSULTING 36,158 0   36,158
    FRANKLINCOVEY CLIENT SALES INC. - CONSULTING 2,500,000 0   2,500,000


    TY 2021 TaxesSchedule
    Name:
    THE ROBERT D AND PATRICIA E KERN
     
    FAMILY FOUNDATION INC
    EIN:
    39-1923558
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX PAYMENT 978,154 0   0
    STATE INCOME TAX PAYMENT 2,985 0   0