| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| QUARLES & BRADY-INVESTMENT ADMINISTRATION & ACCOUNTING | 23,753 | 17,815 | 5,938 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990PF PAGE 10 PART XV LINE 2B, 2C AND 2D | GUIDELINES GRANTS TO ORGANIZATIONS*GENERAL SPECIAL PEOPLE IN NEED ("SPIN") MAKES GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS. SPIN WILL MAKE A GRANT TO AN ORGANIZATION ONLY IF THERE IS A STRONG SHOWING OF NEED. SINCE SPIN'S FUNDS ARE LIMITED, GRANTS CANNOT BE MADE TO ALL QUALIFIED ORGANIZATIONS THAT APPLY FOR SPIN GRANTS. AT PRESENT THE NUMBER OF GRANT INQUIRIES BEING RECEIVED BY SPIN SUBSTANTIALLY EXCEEDS THE NUMBER OF GRANTS THAT SPIN HAS THE FINANCIAL CAPACITY TO MAKE. THE BOARD OF DIRECTORS OF SPECIAL PEOPLE IN NEED ("SPIN") HAS ADOPTED THE FOLLOWING GUIDELINES FOR THE MAKING OF GRANTS TO ORGANIZATIONS. 1. SPIN WILL MAKE GRANTS ONLY TO ORGANIZATIONS THAT HAVE RECEIVED TAX-EXEMPT DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 2. SPIN WILL AWARD GRANTS PRINCIPALLY TO QUALIFIED ORGANIZATIONS OPERATING IN THE FIELDS OF EDUCATION, HEALTH, AND ASSISTANCE TO PERSONS WHO ARE DISABLED, ALTHOUGH SPIN WILL ALSO SUPPORT OTHER TYPES OF QUALIFYING ORGANIZATIONS. IT IS TO BE UNDERSTOOD, HOWEVER, THAT SPIN, AS A RELATIVELY SMALL GRANT-MAKING FOUNDATION, CAN NOT RESPOND FAVORABLY TO ALL GRANT APPLICATIONS AND ITS GRANTS TYPICALLY DO NOT EXCEED $2,000 TO $4,000. 3. SPIN IN GENERAL WILL NOT MAKE GRANTS TO VERY LARGE ORGANIZATIONS (OTHER THAN EDUCATIONAL INSTITUTIONS FOR SPECIFIC SCHOLARSHIP PURPOSES). 4. IN GENERAL THE BOARD OF DIRECTORS WILL VIEW A GRANT REQUEST FROM A QUALIFYING ORGANIZATION FAVORABLY IF THE GRANT REQUEST INDICATES THE FOLLOWING: (I) THAT THERE IS A STRONG NEED FOR THE PROGRAM OR SERVICE WHICH IS THE SUBJECT OF THE GRANT REQUEST, (II) THAT THE ORGANIZATION HAS THE ABILITY TO MEET THE NEED EFFECTIVELY; (III) THAT THE ORGANIZATION IS OPERATED IN A COST-EFFECTIVE MANNER; AND (IV) THAT, IF DEEMED RELEVANT, THE ORGANIZATION MAKES EFFECTIVE USE OF VOLUNTEERS IN APPROPRIATE CIRCUMSTANCES. IN ADDITION, PARTICULAR EMPHASIS WILL BE GIVEN IN EVALUATING GRANT REQUESTS AS TO WHETHER THE PROJECT OR PROGRAM EITHER ENABLES NEEDY PEOPLE TO HELP THEMSELVES OR UTILIZES INNOVATIVE APPROACHES WITH RESPECT TO ADDRESSING PROBLEM AREAS. NO GRANTS OF THE FOLLOWING TYPES IN GENERAL WILL BE MADE:1. GRANTS FOR ENDOWMENT PURPOSES,2. GRANTS TO ORGANIZATIONS THAT HAVE AS MAJOR ACTIVITIES THE INFLUENCING OF LEGISLATION,3. GRANTS TO ORGANIZATIONS THAT ENGAGE IN POLITICAL ACTIVITIES,4. GRANTS TO CULTURAL GROUPS EXCEPT WITH RESPECT TO PROGRAMS TO HELP THE DISABLED OR THE ECONOMICALLY DISADVANTAGED,5. GRANTS TO DAY CARE CENTERS OR NURSERY SCHOOLS,6. GRANTS TO ORGANIZATIONS OR INSTITUTIONS LOCATED OUTSIDE THE UNITED STATES,7. GRANTS TO COLLEGES AND UNIVERSITIES EXCEPT WITH RESPECT TO SCHOLARSHIPS, AND8. GRANTS TO VERY LARGE NATIONAL CHARITABLE ORGANIZATIONS (OTHER THAN EDUCATIONAL INSTITUTIONS FOR SCHOLARSHIP PURPOSES).ALSO, ALTHOUGH SPIN IN THE PAST HAD MADE MANY GRANTS TO ORGANIZATIONS THAT PROVIDE SERVICES TO THE DEVELOPMENTALLY DISABLED, BECAUSE THIS AREA WAS NOT WITHIN THE ORIGINAL FOCUS OF SPIN AND BECAUSE THE DEMANDS ON SPIN'S VERY LIMITED RESOURCES HAVE BEEN SO GREAT, GRANTS TO THIS TYPE OF ORGANIZATION MAY BE LIMITED.APPLICATIONS NO PRESCRIBED FORM OF APPLICATION FOR GRANTS IS REQUIRED. APPLICATIONS MAY BE SUBMITTED AT ANY TIME. EACH APPLICATION MUST, HOWEVER, INCLUDE THE FOLLOWING: 1. COPY OF TAX-EXEMPT LETTER AND STATEMENT THAT THE ORGANIZATION IS A PUBLIC CHARITY AND NOT A PRIVATE FOUNDATION AND STATEMENT BY THE ORGANIZATION THAT THERE HAS BEEN NO ADVERSE CHANGE IN THIS CLASSIFICATION; 2. RELEVANT FINANCIAL INFORMATION; 3. STATEMENT OF NEED IN THE FORM OF A LETTER; 4. LIST OF MEMBERS OF BOARD OF DIRECTORS; 5. NUMBER OF FULL TIME EMPLOYEES; AND 6. OTHER MATERIALS, BROCHURES, ARTICLES, ANNUAL REPORTS, ETC. THAT MAY BE DEEMED BY APPLICANT ORGANIZATION TO BE RELEVANT. FOLLOWING THE INITIAL REVIEW OF AN APPLICATION, SPIN MAY REQUEST ADDITIONAL MATERIALS AND INFORMATION. APPLICATIONS FOR GRANTS SHOULD BE SUBMITTED TO: MS. SARAH M. LINSLEY SPECIAL PEOPLE IN NEED 300 NORTH LASALLE STREET SUITE 4000 CHICAGO, ILLINOIS 60654SELECTION PROCEDURES APPROVAL. NO GRANTS FOR THE BENEFIT OF ORGANIZATIONS WILL BE MADE UNLESS SUCH GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS (OR A COMMITTEE THEREOF) AND FINAL DECISIONS RELATING TO ALL GRANTS TO ORGANIZATIONS WILL BE MADE BY THE BOARD OF DIRECTORS (OR A COMMITTEE THEREOF). SELECTION OF GRANT BENEFICIARIES IS MADE BY SPIN ON THE BASIS OF CRITERIA REASONABLY RELATED TO THE PURPOSES OF THE GRANT, INCLUDING THE MERITS OF THE PROPOSAL, THE CREDENTIALS OF THE POTENTIAL BENEFICIARY OF A GRANT, THE RELATIONSHIP OF THE PROPOSAL TO SPIN'S PURPOSES AND THE AREAS OF SPIN'S PRIMARY CONCERN AND FOCUS AND ITS PRIORITY IN RELATION TO OTHER DEMANDS ON SPIN'S FUNDS. REVIEW OF APPLICATIONS. THE SECRETARY OR THE SECRETARY'S DESIGNEE WILL INITIALLY REVIEW EACH GRANT APPLICATION SUBMITTED. BECAUSE THE NUMBER OF GRANT APPLICATIONS SUBSTANTIALLY EXCEEDS THE NUMBER OF GRANTS THAT SPIN CAN MAKE EACH YEAR, IT IS RECOGNIZED THAT SPECIAL PROCEDURES MUST BE IMPLEMENTED TO DEAL WITH THE HEAVY VOLUME OF GRANT REQUESTS. IN THIS CONNECTION, THE SECRETARY OR THE SECRETARY'S DESIGNEE IS AUTHORIZED TO TAKE ANY ONE OF THE FOLLOWING ADMINISTRATIVE ACTIONS: 1. TO REJECT THE APPLICATION. 2. TO ASK FOR ADDITIONAL INFORMATION TO THE EXTENT THAT ALL REQUIRED INFORMATION HAS NOT AT SUCH TIME BEEN SUBMITTED. 3. TO SUBMIT TO THE BOARD OF DIRECTORS THE PROPOSAL FOR THE BOARD OF DIRECTORS' CONSIDERATION.BECAUSE OF THE SUBSTANTIAL VOLUME OF GRANTS BEING RECEIVED RELATIVE TO SPIN'S GRANT-MAKING CAPABILITY, IT IS RECOGNIZED THAT THE "SCREENING" OF GRANTS MUST BE EXPEDITED AND IN THIS CONNECTION GRANT APPLICATIONS MAY BE REJECTED ADMINISTRATIVELY AS SET FORTH ABOVE FOR ANY OF THE FOLLOWING REASONS: 1. BECAUSE THE GRANT IS OUTSIDE THE PRIMARY FOCUS AND PURPOSES OF SPIN 2. BECAUSE THE ORGANIZATION IS A FOREIGN ORGANIZATION. 3. BECAUSE OTHER GRANT APPLICATIONS ARE DEEMED TO BE MORE WORTHY. 4. BECAUSE OTHER POTENTIAL DONEE ORGANIZATIONS HAVE ATTRIBUTES WHICH CAUSE THEIR GRANT APPLICATIONS TO HAVE A HIGHER PRIORITY FROM SPIN'S STANDPOINT. IF A DECISION BY THE BOARD OF DIRECTORS IS MADE TO MAKE A GRANT, A DETERMINATION OF THE AMOUNT OF THE GRANT WILL BE MADE BASED ON THE AMOUNT REQUESTED, THE GRANT'S PRIORITY IN RELATION TO OTHER DEMANDS ON SPIN'S LIMITED FUNDS, AND OTHER FACTORS DEEMED RELEVANT. GRANT AWARDS. GRANTS MAY BE MADE AT ANY TIME DURING THE YEAR. THE PURPOSE OF EACH GRANT WILL BE SET FORTH IN A LETTER SENT TO THE DONEE ORGANIZATION. PLEASE NOTE THAT A SEPARATE SET OF GUIDELINES APPLIES TO GRANTS TO EDUCATIONAL INSTITUTIONS FOR SCHOLARSHIP PURPOSES. | |
| FORM 990PF PAGE 10 PART XV LINE 2B, 2C AND 2D | SCHOLARSHIP GRANTS TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF DESIGNATED STUDENTS GRANTS FOR BENEFIT OF INDIVIDUALS FOR OTHER THAN SCHOLARSHIP PURPOSES GUIDELINES AND RULESINTRODUCTION SPECIAL PEOPLE IN NEED ("S.P.I.N."), IN ADDITION TO MAKING GRANTS TO SELECTED QUALIFYING CHARITABLE ORGANIZATIONS FOR OTHER THAN SCHOLARSHIP PURPOSES, WILL PROVIDE SUPPORT IN THE FORM OF A LIMITED NUMBER OF SCHOLARSHIP GRANTS TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF STUDENTS WITH DISABILITIES AND STUDENTS WHO ARE NOT DISABLED BUT WHO HAVE HAD TO OVERCOME EXTREMELY DIFFICULT CIRCUMSTANCES. SINCE S.P.I.N.'S FUNDS ARE LIMITED, S.P.I.N. CANNOT RESPOND FAVORABLY TO ALL APPLICATIONS WITH RESPECT TO QUALIFIED STUDENTS. AT PRESENT THE NUMBER OF SCHOLARSHIP GRANT REQUESTS BEING RECEIVED BY S.P.I.N. FAR EXCEEDS THE NUMBER OF GRANTS THAT S.P.I.N. HAS THE FINANCIAL CAPACITY TO MAKE. ALSO, A VERY SMALL NUMBER OF GRANTS OTHER THAN SCHOLARSHIP GRANTS WILL BE MADE FOR THE BENEFIT OF INDIVIDUALS WITH DISABILITIES, WITH THE OBJECTIVE OF ASSISTING THE PARTICULAR INDIVIDUAL TO HELP HIMSELF OR HERSELF TO ENGAGE IN PRODUCTIVE ACTIVITY THAT WOULD OTHERWISE NOT BE POSSIBLE. THE FOLLOWING ARE THE PROCEDURES OF S.P.I.N. IN THE AWARDING OF SCHOLARSHIP GRANTS TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF DESIGNATED QUALIFYING STUDENTS, AND WITH RESPECT TO GRANTS FOR THE BENEFIT OF INDIVIDUALS FOR OTHER THAN SCHOLARSHIP PURPOSES. SCHOLARSHIP GRANTSGENERAL SCHOLARSHIP GRANTS WILL IN GENERAL BE MADE BY S.P.I.N. ONLY TO EDUCATIONAL INSTITUTIONS ON BEHALF OF DISABLED INDIVIDUALS. HOWEVER, NOTWITHSTANDING THE FOREGOING, A SMALL NUMBER OF SCHOLARSHIP GRANTS MAY BE MADE EACH YEAR TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF STUDENTS WHO ARE NOT DISABLED BUT WHO HAVE HAD TO OVERCOME EXTREMELY DIFFICULT CIRCUMSTANCES. WITH RESPECT TO THE LATTER TYPE OF SCHOLARSHIP GRANT, THERE MUST BE A CLEAR SHOWING THAT THE PARTICULAR INDIVIDUAL HAS HAD TO OVERCOME VERY ADVERSE CIRCUMSTANCES AND THERE MUST BE AT LEAST TWO LETTERS OF REFERENCE CONFIRMING THE NATURE OF THE ADVERSE CIRCUMSTANCES. REQUIREMENT THAT SCHOLARSHIP GRANT BE MADE TOSPONSORING EDUCATIONAL INSTITUTION WHICH ASSUMESSTATUS AS APPLICANT/GRANTEE THE PARTICULAR EDUCATIONAL INSTITUTION MUST BE WILLING NOT ONLY TO SERVE AS THE SPONSOR OF THE PARTICULAR STUDENT BUT TO ADOPT THE STUDENT'S GRANT APPLICATION AS ITS OWN AND ALSO TO AGREE IN WRITING TO ALL OF THE FOLLOWING IF THE GRANT IS APPROVED: 1. TO NOT ONLY SPONSOR THE DESIGNATED STUDENT BUT IN EFFECT TO BE THE GRANTEE OF THE GRANT. 2. TO RECEIVE AND TO ADMINISTER THE GRANT FUNDS FOR THE PURPOSE OF THE GRANT AND IN THIS CONNECTION TO DISBURSE SUCH FUNDS TO THE STUDENT OR FOR THE STUDENT'S BENEFIT FOR THE PURPOSE OF THE GRANT. 3. TO MONITOR THE ACADEMIC PROGRESS OF THE STUDENT AND TO MAKE A GOOD FAITH JUDGMENT AS TO WHETHER THE STUDENT IS WORTHY OF CONTINUED FINANCIAL ASSISTANCE; AND IF THE EDUCATIONAL INSTITUTION AT ANY TIME DETERMINES THAT THE STUDENT IS NOT SO WORTHY, TO COMMUNICATE IMMEDIATELY SUCH DETERMINATION TO S.P.I.N. 4. TO PROVIDE S.P.I.N. PERIODICALLY (AND NO LESS THAN ONCE A YEAR), WITH THE APPROVAL OF THE PARTICULAR STUDENT, IF NECESSARY, WITH TRANSCRIPTS OF GRADES (OR OTHER RELEVANT INFORMATION) SHOWING THE ACADEMIC PERFORMANCE OF THE STUDENT. 5. TO RETURN (OR CAUSE TO BE RETURNED) ANY PORTION OF THE GRANT FUNDS THAT ARE NOT NEEDED FOR THE PURPOSE OF THE GRANT. SCHOLARSHIP GRANTS WILL BE TREATED FOR ALL LEGAL PURPOSES AS HAVING BEEN MADE TO THE PARTICULAR EDUCATIONAL INSTITUTION (RATHER THAN TO THE STUDENT). SCHOLARSHIP GRANTS WILL ONLY BE MADE TO TAX-EXEMPT EDUCATIONAL ORGANIZATIONS WHICH QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.SCHOLARSHIP APPLICATION REQUIREMENTS NO PRESCRIBED PRINTED FORM OF APPLICATION FOR SCHOLARSHIP GRANTS IS REQUIRED. HOWEVER, APPLICATIONS MUST GENERALLY BE SUBMITTED BY THE PRECEDING JUNE 30 IN ORDER TO BE CONSIDERED FOR THE PARTICULAR ACADEMIC YEAR BEGINNING IN AUGUST OR SEPTEMBER, AND EACH APPLICATION MUST INCLUDE THE FOLLOWING: (I) TRANSCRIPTS OF RELEVANT SCHOLASTIC RECORDS; (II) A LETTER FROM THE PARTICULAR EDUCATIONAL INSTITUTION STATING THAT THE STUDENT HAS BEEN OR WILL BE ADMITTED TO THE EDUCATIONAL INSTITUTION AND THAT THE EDUCATIONAL INSTITUTION WILL NOT ONLY SPONSOR THE STUDENT BUT IN EFFECT BE THE GRANTEE AND ADMINISTER THE GRANT AND OTHERWISE AGREE TO THE CONDITIONS SET FORTH ABOVE; (III) AT LEAST TWO LETTERS OF RECOMMENDATION FROM EDUCATORS WHO ARE FAMILIAR WITH THE QUALIFICATIONS OF THE STUDENT; (IV) IF THE STUDENT IS DISABLED, A LETTER FROM THE STUDENT OR THE EDUCATIONAL INSTITUTION DESCRIBING THE NATURE OF THE DISABILITY AND A LETTER FROM THE STUDENT'S PHYSICIAN (OR ANOTHER PERSON WHO KNOWS THE STUDENT WELL) CONFIRMING THE NATURE OF THE DISABILITY; (V) IF THE STUDENT IS NOT DISABLED, A LETTER FROM THE STUDENT OR THE EDUCATIONAL INSTITUTION DESCRIBING THE NATURE OF THE ADVERSE CIRCUMSTANCES AFFECTING THE PARTICULAR STUDENT AND AT LEAST TWO LETTERS FROM OTHER INDIVIDUALS CONFIRMING THE NATURE OF THE ADVERSE CIRCUMSTANCES; (VI) A LETTER FROM THE PARTICULAR STUDENT OR THE EDUCATIONAL INSTITUTION PROVIDING BIOGRAPHICAL INFORMATION ABOUT SUCH STUDENT; AND (VII) TAX RETURNS FOR THE MOST RECENTLY COMPLETED CALENDAR YEAR OF THE STUDENT AND HIS OR HER PARENTS OR OTHER INFORMATION DEMONSTRATING THE FINANCIAL NEED OF THE STUDENT. ALSO, A STATEMENT AS TO THE PARTICULAR FAMILY'S NET WORTH MAY BE REQUIRED. (IF SUCH A REQUIREMENT IS IMPOSED AND IF THE FAMILY'S TOTAL NET WORTH IS LESS THAN $200,000, A STATEMENT INDICATING THAT THE FAMILY'S NET WORTH DOES NOT EXCEED A SPECIFIED AMOUNT WILL BE SUFFICIENT.)PLEASE NOTE THAT, IF APPROPRIATE, THE SAME LETTER MAY BE USED TO MEET MORE THAN ONE OF THE REQUIREMENTS SET FORTH ABOVE. AS NOTED ABOVE, SCHOLARSHIP GRANTS WILL BE TREATED BY S.P.I.N. AS BEING MADE TO THE PARTICULAR EDUCATIONAL INSTITUTIONS RATHER THAN TO THE PARTICULAR STUDENT.RENEWALS OF SCHOLARSHIPS A SCHOLARSHIP GRANT MAY BE RENEWED FOR A SUCCESSIVE YEAR WITHOUT A SUBSEQUENT FORMAL APPLICATION PROVIDED THAT S.P.I.N. RECEIVES EVIDENCE OF SATISFACTORY PERFORMANCE AND PROVIDED ALSO THAT S.P.I.N. HAS NO INFORMATION THAT THE ORIGINAL GRANT IS BEING USED FOR ANY PURPOSE OTHER THAN THAT FOR WHICH IT WAS MADE. THE DECISION TO MAKE A RENEWAL OF A GRANT SHALL BE MADE ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. A RENEWAL WITH RESPECT TO A SCHOLARSHIP GRANT MAY BE IN A LESSER AMOUNT THAN THE ORIGINAL GRANT.GRANTS TO INDIVIDUALS FOR OTHER THAN FOR SCHOLARSHIP PURPOSESGENERAL ONLY A VERY SMALL NUMBER OF "NON-SCHOLARSHIP" GRANTS FOR THE BENEFIT OF SPECIFIC INDIVIDUALS, IF ANY, WILL BE MADE EACH YEAR. SUCH GRANTS WILL BE GIVEN ONLY TO DISABLED INDIVIDUALS WHO HAVE A STRONG ECONOMIC NEED AND ONLY IF THE GRANT WOULD ASSIST THE DISABLED INDIVIDUAL TO HELP HIMSELF OR HERSELF TO ENGAGE IN PRODUCTIVE ACTIVITY IN WHICH HE OR SHE OTHERWISE COULD NOT ENGAGE.APPLICATION REQUIREMENTS WITH RESPECT TO A NON-SCHOLARSHIP GRANT, THE INDIVIDUAL MUST HAVE A SPONSORING "FISCAL AGENT," SATISFACTORY TO S.P.I.N., AND SUCH FISCAL AGENT MUST AGREE, AS A CONDITION TO HAVING THE GRANT REQUEST CONSIDERED, TO DO BOTH OF THE FOLLOWING AS THE INDIVIDUAL'S SPONSOR: A. VERIFY THE ACCURACY OF ALL OF THE FACTS SET FORTH IN THE INDIVIDUAL'S REQUEST FOR FUNDS; AND B. PROVIDE A WRITTEN RATIONALE AS TO THE NEEDS UNDERLYING THE REQUESTED GRANT TO THE INDIVIDUAL. IN ADDITION, THE FISCAL AGENT WITH RESPECT TO A NON-SCHOLARSHIP GRANT MUST BE WILLING TO AGREE IN WRITING TO ALL OF THE FOLLOWING CONDITIONS IF THE GRANT IS APPROVED: A. TO NOT ONLY BE THE FISCAL AGENT BUT IN EFFECT TO BE THE SPONSOR WITH RESPECT TO THE GRANT; B. TO RECEIVE AND TO ADMINISTER THE GRANT FUNDS FOR THE PURPOSE OF THE GRANT AND IN THIS CONNECTION TO DISBURSE SUCH FUNDS FOR THE BENEFIT OF THE INDIVIDUAL FOR THE PURPOSE OF THE GRANT; C. TO MONITOR THE USE OF THE GRANT FUNDS TO ENSURE THAT SUCH FUNDS ARE BEING EXPENDED EXCLUSIVELY FOR THE PURPOSE OF THE GRANT; AND D. TO RETURN (OR TO CAUSE TO BE RETURNED) TO S.P.I.N. ANY PORTION OF THE GRANT FUNDS NOT NEEDED FOR THE PURPOSE OF THE GRANT.THE FISCAL AGENT, WHICH IN MOST CASES WOULD BE A RECOGNIZED RELIGIOUS ORGANIZATION, AN EDUCATIONAL ORGANIZATION, A QUALIFIED CHARITABLE/HEALTH PROVIDER OR A SOCIAL WELFARE ORGANIZATION, SHOULD BE VERY FAMILIAR WITH THE FACTS RELATING TO THE GRANT APPLICATION. IN UNUSUAL CIRCUMSTANCES WHERE THERE IS NO AVAILABLE "SPONSORING ORGANIZATION TO SERVE AS FISCAL AGENT, A CLERGYMAN, SOCIAL WORKER, OR OTHER APPROPRIATE INDIVIDUAL, SATISFACTORY TO S.P.I.N., MAY BE ACCEPTED AS FISCAL AGENT PROVIDED THAT SUCH INDIVIDUAL AGREES TO ALL OF THE APPLICABLE CONDITIONS AS SET FORTH HEREIN. APPLICATIONS BY INDIVIDUALS FOR NON-SCHOLARSHIP GRANTS MUST INCLUDE THE FOLLOWING INFORMATION: A. A LETTER FROM THE INDIVIDUAL DESCRIBING THE PARTICULAR NEED. B. SPECIFIC FINANCIAL INFORMATION AS TO THE INTENDED USE OF THE GRANT FUNDS REQUESTED. C. A LETTER FROM THE FISCAL AGENT CONFIRMING THE NATURE OF THE NEED AND CONFIRMING THE CORRECTNESS OF THE FACTS SET FORTH IN THE INDIVIDUAL'S LETTER AND MEETING THE OTHER REQUIREMENTS SET FORTH ABOVE. D. ANY BIOGRAPHICAL DATA OR OTHER INFORMATION OR MATERIALS OR INFORMATION DEEMED RELEVANT. E. A TAX RETURN FOR THE MOST RECENT YEAR AND A STATEMENT SETTING FORTH INFORMATION RELATING TO THE NET WORTH OF THE INDIVIDUAL. FOLLOWING AN INITIAL REVIEW OF THE APPLICATION, S.P.I.N. MAY REQUEST ADDITIONAL MATERIALS AND INFORMATION.POLICIES APPLICABLE TO BOTH SCHOLARSHIP GRANTSFOR BENEFIT OF DESIGNATED STUDENTSAND FISCAL AGENT GRANTS FOR BENEFIT OF INDIVIDUALS FORNON-SCHOLARSHIP PURPOSESSELECTION PROCEDURES. THE SELECTION PROCEDURES WITH RESPECT TO SCHOLARSHIP GRANTS FOR THE BENEFIT OF DESIGNATED STUDENTS AND GRANTS FOR THE BENEFIT OF INDIVIDUALS FOR NON-SCHOLARSHIP PURPOSES ARE DESCRIBED BELOW. APPROVAL. NO SCHOLARSHIP GRANT OR GRANT FOR THE BENEFIT OF AN INDIVIDUAL FOR A NON-SCHOLARSHIP PURPOSE WILL BE MADE UNLESS SUCH GRANT IS APPROVED BY THE BOARD OF DIRECTORS OR BY A COMMITTEE OF THE BOARD OF DIRECTORS AND FINAL DECISIONS RELATING TO ALL GRANTS WILL BE MADE BY THE BOARD OF DIRECTORS OR SUCH COMMITTEE. CRITERIA. CRITERIA TO BE USED IN SELECTING GRANT RECIPIENTS SHALL BE APPROPRIATELY RELATED TO THE PURPOSE OF THE GRANT. ALL GRANTS WILL BE MADE ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS. WITH RESPECT TO BOTH TYPES OF GRANTS DESCRIBED ABOVE, GREAT EMPHASIS WILL BE PLACED ON THE ATTITUDE OF THE INDIVIDUAL WITH RESPECT TO ACHIEVING AND PERFORMING TO THE FULL EXTENT OF HIS OR HER POTENTIAL AND THE LIKELIHOOD THAT THE GRANT WILL ENABLE THE INDIVIDUAL TO ENGAGE IN MEANINGFUL OR BENEFICIAL ACTIVITY THAT MIGHT NOT OTHERWISE BE POSSIBLE. AS NOTED ABOVE, SCHOLARSHIP GRANTS FOR THE BENEFIT OF DESIGNATED STUDENTS WILL ONLY BE MADE FOR THE BENEFIT OF STUDENTS WITH DISABILITIES OR STUDENTS WHO ARE NOT DISABLED BUT WHO HAVE HAD TO OVERCOME EXTREMELY DIFFICULT CIRCUMSTANCES. IN NO EVENT WILL A GRANT OF EITHER TYPE BE MADE FOR THE BENEFIT OF A PARTICULAR INDIVIDUAL IF ANY DIRECTOR OR OFFICER OF S.P.I.N. OR CONTRIBUTOR OF S.P.I.N. OR ANY PERSON RELATED TO ANY OF THE FOREGOING SHALL BE IN A POSITION TO DERIVE A PRIVATE BENEFIT DIRECTLY OR INDIRECTLY FROM SUCH GRANT OR BECAUSE A CERTAIN POTENTIAL GRANT BENEFICIARY IS SELECTED OVER OTHERS. SCHOLARSHIP GRANTS TO EDUCATIONAL INSTITUTIONS FOR QUALIFIED STUDENTS WILL BE MADE ON THE BASIS OF APPROPRIATE CRITERIA, INCLUDING (WITHOUT LIMITATION) PRIOR ACADEMIC PERFORMANCE, RECOMMENDATIONS FROM EDUCATORS, THE NATURE OF THE DISABILITY OR THE UNUSUAL CIRCUMSTANCES WITH RESPECT TO THE PARTICULAR STUDENT AND FINANCIAL NEED. WITH RESPECT TO GRANTS FOR THE BENEFIT OF INDIVIDUALS FOR OTHER THAN SCHOLARSHIP PURPOSES, AN INDIVIDUAL WILL IN GENERAL BE SELECTED WITHOUT REFERENCE TO A GROUP OF CANDIDATES ON THE BASIS OF SUCH INDIVIDUAL BEING EXCEPTIONALLY QUALIFIED OR IT BEING OTHERWISE EVIDENT THAT THE SELECTION OF SUCH INDIVIDUAL IS PARTICULARLY CALCULATED TO EFFECTUATE THE PURPOSES OF THE GRANT. REVIEW OF APPLICATIONS. THE SECRETARY OF S.P.I.N. (OR HIS/HER DESIGNEE) WILL INITIALLY REVIEW EACH GRANT APPLICATION SUBMITTED. BECAUSE THE NUMBER OF GRANT APPLICATIONS SUBSTANTIALLY EXCEEDS THE NUMBER OF GRANTS THAT S.P.I.N. IS ABLE TO MAKE EACH YEAR, IT IS RECOGNIZED THAT SPECIAL PROCEDURES MUST BE IMPLEMENTED TO DEAL WITH THE HEAVY VOLUME OF GRANT REQUESTS. IN THIS CONNECTION, THE SECRETARY (OR HIS/HER DESIGNEE) IS AUTHORIZED TO TAKE ANY ONE OF THE FOLLOWING ADMINISTRATIVE ACTIONS: 1. TO REJECT THE APPLICATION. 2. TO ASK FOR ADDITIONAL INFORMATION TO THE EXTENT THAT ALL REQUIRED INFORMATION HAS NOT AT SUCH TIME BEEN SUBMITTED. 3. TO RECOMMEND TO THE BOARD OF DIRECTORS THAT THE APPLICATION BE APPROVED. REJECTION BY ADMINISTRATIVE ACTION. BECAUSE OF THE SUBSTANTIAL VOLUME OF GRANTS BEING RECEIVED RELATIVE TO S.P.I.N.'S GRANT-MAKING CAPABILITY, IT IS RECOGNIZED THAT THE "SCREENING" OF GRANTS MUST BE EXPEDITED AND IN THIS CONNECTION GRANT APPLICATIONS MAY BE REJECTED ADMINISTRATIVELY AS SET FORTH ABOVE FOR ANY OF THE FOLLOWING REASONS: 1. BECAUSE THE GRANT IS OUTSIDE THESE GUIDELINES. 2. WITH RESPECT TO AN APPLICATION FOR A NON-SCHOLARSHIP GRANT, BECAUSE THERE IS NO FISCAL AGENT OR THE PROPOSED FISCAL AGENT IS DEEMED TO BE INADEQUATE. 3. WITH RESPECT TO A SCHOLARSHIP GRANT, BECAUSE THE STUDENT IS A FOREIGN STUDENT, EVEN IF SHE/HE OTHERWISE MEETS THE REQUIREMENTS SET FORTH HEREIN. 4. WITH RESPECT TO A SCHOLARSHIP GRANT, BECAUSE THE INDIVIDUAL IS A GRADUATE STUDENT, EVEN IF SHE/HE OTHERWISE MEETS THE REQUIREMENTS SET FORTH HEREIN. 5. BECAUSE OTHER GRANT APPLICATIONS ARE DEEMED TO BE MORE WORTHY. 6. BECAUSE OTHER QUALIFIED GRANT BENEFICIARIES HAVE ATTRIBUTES WHICH CAUSE THEIR GRANT APPLICATIONS TO HAVE A HIGHER PRIORITY FROM S.P.I.N.'S STANDPOINT. AMOUNT OF GRANT; DEADLINE FOR SUBMITTING SCHOLARSHIP GRANT APPLICATIONS IF A DECISION BY THE BOARD OF DIRECTORS IS MADE TO MAKE A GRANT, A DETERMINATION OF THE AMOUNT OF THE GRANT WILL BE MADE BASED ON THE AMOUNT REQUESTED, THE AMOUNT DETERMINED TO BE NEEDED AND THE GRANT'S PRIORITY IN RELATION TO OTHER DEMANDS ON S.P.I.N.'S LIMITED FUNDS. MOST GRANTS WILL NOT EXCEED $2,000 TO $3,000 PER YEAR. APPLICATIONS FOR SCHOLARSHIP GRANTS SHOULD BE SUBMITTED PRIOR TO MAY 31 WITH RESPECT TO AN ACADEMIC YEAR BEGINNING IN AUGUST OR SEPTEMBER.GRANT AWARDS THE TERMS AND CONDITIONS OF EACH GRANT WILL BE CONTAINED IN A LETTER SENT TO THE GRANTEE EDUCATIONAL INSTITUTION OR THE SPONSORING FISCAL AGENT. WRITTEN ACCEPTANCE OF SUCH TERMS AND CONDITIONS WILL GENERALLY BE REQUIRED WITH RESPECT TO ALL GRANTS FOR THE BENEFIT OF DESIGNATED INDIVIDUALS BY THE GRANTEE EDUCATIONAL INSTITUTION WITH RESPECT TO A SCHOLARSHIP GRANT OR THE SPONSORING FISCAL AGENT WITH RESPECT TO A NON-SCHOLARSHIP GRANT. THE TERMS AND CONDITIONS OF EACH GRANT AS SET FORTH IN THE GRANT LETTER WILL INCLUDE: 1. THE PURPOSE OF THE GRANT; 2. THE DURATION OF THE GRANT; 3. THE TOTAL AMOUNT OF THE GRANT; 4. THE REPORT REQUIREMENTS, IF ANY; AND 5. THE FISCAL RESPONSIBILITIES OF THE GRANTEE EDUCATIONAL INSTITUTION OR SPONSORING AS SET FORTH ABOVE. RETENTION OF RECORDS. THE SECRETARY OF S.P.I.N. (OR HIS/HER DESIGNEE) WILL MAINTAIN RECORDS RELATING TO ALL GRANTS ON BEHALF OF DESIGNATED INDIVIDUALS, INCLUDING: 1. INFORMATION RELIED UPON TO EVALUATE GRANT APPLICATIONS; 2. IDENTIFICATION OF GRANT BENEFICIARIES; 3. AMOUNT AND PURPOSE OF EACH GRANT; AND 4. FOLLOW-UP INFORMATION, INCLUDING REQUIRED REPORTS AND INVESTIGATION OF JEOPARDIZING GRANTS.REPORTS. IN GENERAL, GRANTS FOR THE BENEFIT OF DESIGNATED INDIVIDUALS WILL BE CONDITIONED ON THE GRANTEE EDUCATIONAL INSTITUTION OR SPONSORING FISCAL AGENT OR THE PARTICULAR INDIVIDUAL MAKING REPORTS TO S.P.I.N. AS REQUIRED BY THE GRANT LETTER. WITH RESPECT TO A GRANT TO SUPPORT A STUDENT'S ATTENDANCE AT AN EDUCATIONAL INSTITUTION, THE EDUCATIONAL INSTITUTION WILL BE REQUIRED TO REPORT TO S.P.I.N. AT LEAST ONCE A YEAR WITH RESPECT TO ALL COURSES TAKEN AND ALL GRADES RECEIVED. IF THE STUDENT DID NOT TAKE COURSES, THE REQUIRED REPORT MUST DESCRIBE THE PROGRAM UNDERTAKEN AND THE PROGRESS IN MEETING THE PURPOSE OF THE GRANT AND BE APPROVED BY THE APPROPRIATE FACULTY MEMBER OR UNIVERSITY OFFICIAL. WITH RESPECT TO GRANTS FOR NON-SCHOLARSHIP PURPOSES, UPON COMPLETION OF THE UNDERTAKING FOR WHICH THE GRANT WAS MADE, SUCH REPORT MUST DESCRIBE THE USE OF THE GRANT FUNDS AND THE INDIVIDUAL'S PROGRESS AND ACCOMPLISHMENTS WITH RESPECT TO THE PURPOSE OF THE GRANT, AND ACCOUNTING FOR THE FUNDS RECEIVED UNDER SUCH GRANT. IN SOME CASES, ONE OR MORE ANNUAL REPORTS AND A FINAL REPORT MAY BE REQUIRED.REVIEW PROCEDURES REPORTS. AN OFFICER OF S.P.I.N. (OR HIS/HER DESIGNEE) WILL REVIEW THE REPORTS DESCRIBED ABOVE IN ORDER TO DETERMINE WHETHER THE GRANT PURPOSES ARE BEING OR HAVE BEEN FULFILLED AND TO LOOK INTO ANY QUESTIONS REQUIRING FURTHER SCRUTINY OR INVESTIGATION. INVESTIGATIONS. IF REPORTS TO S.P.I.N. OR OTHER INFORMATION (INCLUDING FAILURE TO SUBMIT REPORTS AFTER A REASONABLE TIME HAS ELAPSED FROM THE REPORT DUE DATE) INDICATES THAT ALL OR ANY PART OF THE GRANT FUNDS ARE NOT BEING USED FOR THE PURPOSES OF SUCH GRANT, S.P.I.N. WILL INITIATE AN INVESTIGATION. WHILE CONDUCTING THE INVESTIGATION, S.P.I.N. WILL WITHHOLD FURTHER PAYMENTS (IF ANY) UNTIL IT HAS BEEN DETERMINED THAT NO PART OF THE GRANT HAS BEEN USED FOR IMPROPER PURPOSES AND UNTIL ANY DELINQUENT REPORTS HAVE BEEN SUBMITTED. IF S.P.I.N. DETERMINES THAT ANY PART OF A GRANT HAS BEEN USED FOR IMPROPER PURPOSES, S.P.I.N. WILL TAKE ALL REASONABLE AND APPROPRIATE STEPS TO RECOVER DIVERTED GRANT FUNDS OR TO INSURE THE RESTORATION OF DIVERTED FUNDS AND THE DEDICATION OF ANY OTHER FUNDS HELD BY OR FOR THE BENEFIT OF THE INDIVIDUAL TO THE PURPOSE BEING FINANCED BY THE GRANT. THESE STEPS WILL INCLUDE LEGAL ACTION UNLESS SUCH ACTION WOULD IN ALL PROBABILITY NOT RESULT IN THE SATISFACTION OF EXECUTION OF A JUDGMENT. IF S.P.I.N. DETERMINES THAT ANY PART OF THE GRANT HAS BEEN USED FOR IMPROPER PURPOSES AND THE GRANTEE HAS NOT PREVIOUSLY DIVERTED GRANT FUNDS TO ANY USE NOT IN FURTHERANCE OF A PURPOSE SPECIFIED IN THE GRANT, S.P.I.N., IN ADDITION TO THE STEPS DESCRIBED ABOVE, WILL WITHHOLD FURTHER PAYMENTS ON THE PARTICULAR GRANT UNTIL (1) IT HAS RECEIVED APPROPRIATE ASSURANCES THAT FURTHER DIVERSIONS WILL NOT OCCUR, (2) ANY DELINQUENT REPORTS HAVE BEEN SUBMITTED AND (3) S.P.I.N. IS SATISFIED THAT EXTRAORDINARY PRECAUTIONS HAVE BEEN TAKEN TO PREVENT FUTURE DIVERSIONS FROM OCCURRING. IF S.P.I.N. DETERMINES THAT ANY PART OF THE GRANT HAS BEEN AGAIN USED FOR IMPROPER PURPOSES AND THE EDUCATIONAL INSTITUTION OR FISCAL AGENT OR THE PARTICULAR INDIVIDUAL HAS PREVIOUSLY DIVERTED S.P.I.N. GRANT FUNDS, S.P.I.N., IN ADDITION TO TAKING THE STEPS DESCRIED ABOVE, WILL WITHHOLD FURTHER PAYMENT UNTIL THE THREE CONDITIONS OF THE PRECEDING SENTENCE ARE MET AND THE DIVERTED FUNDS ARE IN FACT RECOVERED OR RESTORED. INFORMATION RELATING TO WHERE TO SEND APPLICATIONS APPLICATIONS FOR GRANTS SHOULD BE SENT TO: MS. SARAH M. LINSLEY SECRETARY SPECIAL PEOPLE IN NEED 300 NORTH LASALLE ST., SUITE 4000 CHICAGO, ILLINOIS 60654ADDITIONAL INFORMATION FOR ADDITIONAL INFORMATION, PLEASE CONTACT SARAH M LINSLEY BY TELEPHONE AT 312/715-5075 OR VIA EMAIL AT SARAH.LINSLEY@QUARLES.COM |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CB-ANHEUSER BUSCH 4% 4/13/28 | 49,143 | 49,412 |
| CB-BANK OF AMERICA VAR % 10/22/25 | 47,805 | 48,595 |
| CB-ENTERPRISE PRODUCTS 4.15% 10/16/28 | 26,895 | 24,650 |
| CB-GENERAL DYNAMICS 3.5% 5/15/25 | 98,402 | 98,203 |
| CB-NEXTERA 3.55%5/1/27 | 18,936 | 19,280 |
| CB-WASTE MGMT 3.5% 5/15/24 | 25,005 | 24,755 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 23,737 | 79,772 |
| ABBOTT LABS | 3,050 | 99,063 |
| ABBVIE INC | 13,117 | 185,964 |
| ACCELLERON INDS LTD | 819 | 2,808 |
| ACCENTURE PLC IRELAND | 29,468 | 33,336 |
| ADOBE INC | 19,985 | 25,057 |
| ALPHABET CL A (GOOGLE) | 20,505 | 405,101 |
| ALPHABET CL C (GOOGLE) | 25,804 | 521,441 |
| AMG FRONTIER SM CAP GROWTH FD | 88,215 | 62,321 |
| APPLE | 22,957 | 1,381,403 |
| APTIV PLC | 25,744 | 29,608 |
| ASML HOLDINGS NV REG NEW | 13,632 | 15,138 |
| BOEING | 14,731 | 16,943 |
| BP PLC | 22,140 | 47,790 |
| CATERPILLAR | 38,310 | 160,845 |
| CHEVRON | 63,155 | 134,244 |
| CME GROUP | 40,063 | 186,381 |
| COLUMBIA ACORN INTL FD | 516,617 | 455,039 |
| CORTEVA INC | 3,963 | 18,401 |
| DEERE | 28,658 | 355,884 |
| DOW | 7,739 | 21,059 |
| DUPONT DE NEMOURS | 11,357 | 29,541 |
| EATON VANCE GREATER INDIA FD | 114,850 | 133,344 |
| GARTNER INC | 24,117 | 30,224 |
| IBM | 14,397 | 31,892 |
| INTEL | 12,162 | 25,125 |
| JOHNSON & JOHNSON | 57,791 | 150,470 |
| KYNDRYL HOLDINGS | 631 | 811 |
| MADISON SMALL CAP | 580,621 | 465,867 |
| MICROSOFT | 26,878 | 376,040 |
| MMM (3M)CO | 40,948 | 51,927 |
| ORACLE | 28,049 | 143,385 |
| PEPSICO | 25,736 | 84,920 |
| SCHLUMBERGER | 15,319 | 10,668 |
| THERMO FISHER SCIENTIFIC | 27,931 | 31,848 |
| VERISIGN | 17,356 | 61,788 |
| VISA INC | 19,782 | 20,828 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| QUARLES & BRADY-LEGAL AND TAX RETURN PREP | 4,840 | 0 | 4,833 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ILLINOIS CHARITY BUREAU FUND | 15 | 0 | 15 | |
| MISC ADR AND OTHER FEES(MORGAN) | 309 | 309 | 0 |
| Description | Amount |
|---|---|
| 2022 CHECK CORRECTION | 4,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SEGALL BRYANT FEES | 1,507 | 1,507 | 0 | |
| QUARLES & BRADY-GRANT MAKING & MANAGEMENT | 35,081 | 0 | 35,081 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES WITHHELD | 2,668 | 2,668 | 0 | |
| FEDERAL TAXES PAID | 5,846 | 0 | 0 |