Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$841,791,534J 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) 150,723,335
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 7,707,988 11,670,362  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,214,516
b Gross sales price for all assets on line 6a 171,421,833
7 Capital gain net income (from Part IV, line 2)... 5,915,871
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
List of Attached Documents:
// Content
8,559,465 8,603,858  
12 Total. Add lines 1 through 11........ 170,205,304 26,190,091  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,467,175 172,166   1,295,010
14 Other employee salaries and wages...... 2,602,195 32,541   2,569,654
15 Pension plans, employee benefits....... 1,402,378 57,561   1,344,817
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
106,574 0   106,202
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,624 22,312   22,312
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,928,559 3,801,096   127,463
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,033,593 200,277   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 28,436 0   28,436
21 Travel, conferences, and meetings....... 2,305,685 0   2,305,685
22 Printing and publications.......... 4,174 0   4,174
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,742,533 0   13,742,533
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,665,926 4,285,953   21,546,286
25 Contributions, gifts, grants paid....... 54,002,017 54,002,017
26 Total expenses and disbursements. Add lines 24 and 25 80,667,943 4,285,953   75,548,303
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 89,537,361
b Net investment income (if negative, enter -0-) 21,904,138
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 36,578 36,426 36,426
2 Savings and temporary cash investments......... 4,314,265 10,987,677 10,987,677
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 287,411,822 Click to see attachment
List of Attached Documents:
// Content
359,481,892 		359,481,892
c Investments—corporate bonds (attach schedule)....... 75,377,906 Click to see attachment
List of Attached Documents:
// Content
86,333,347 		86,333,347
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 320,879,797 Click to see attachment
List of Attached Documents:
// Content
384,952,192 		384,952,192
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 688,020,368 841,791,534 841,791,534
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 688,020,368 841,791,534
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 688,020,368 841,791,534
30 Total liabilities and net assets/fund balances (see instructions). 688,020,368 841,791,534
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
688,020,368
2
Enter amount from Part I, line 27a .....................
2
89,537,361
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
64,233,805
4
Add lines 1, 2, and 3 ..........................
4
841,791,534
5
Decreases not included in line 2 (itemize) right arrow
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
841,791,534
Form 990-PF (2023)
Form 990-PF (2023)
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 ROBERT D KERN PRIVATE RVOC TR      
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 171,421,833   167,043,701 4,378,132
b     1,163,616 -1,163,616
c 2,701,355     2,701,355
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       4,378,132
b       -1,163,616
c       2,701,355
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 5,915,871
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  
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 right arrow 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) 1 304,468
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........................... 3 304,468
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- ..... 5 304,468
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 580,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 175,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 755,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 450,532
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 450,532
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowWI
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowWWW.KFFDN.ORG
14
The books are in care ofright arrowMR MICHAEL W SENSKE Telephone no.right arrow (262) 968-6838

Located atright arrowW305 S4239 BROOKHILL ROADWAUKESHAWI ZIP+4right arrow53189
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
 
No
(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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
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 		379,817 80,819 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
GRABER RICHARD DIRECTOR
1.00 		2,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
HANSON GAIL DIRECTOR
1.00 		3,000 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 		2,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
RAHN JAMES C DIRECTOR & PRESIDENT
40.00 		711,404 84,339 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
RAMIREZ AUSTIN DIRECTOR
1.00 		1,500 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 		362,454 85,739 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
TABAT DAWN DIRECTOR
1.00 		3,000 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
STAWSKI CHRISTOPHER PROGRAM DIRECTOR
40.00 		219,325 66,986 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
MELTON DOUG PROGRAM DIRECTOR
40.00 		210,142 63,872 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
WILKEN KAREN PROGRAM DIRECTOR
40.00 		186,696 63,741 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
ZWISLER STASIA PROGRAM DIRECTOR
40.00 		178,812 66,569 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
PURVIS ELIZABETH PROGRAM DIRECTOR
40.00 		160,242 51,351 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
Total number of other employees paid over $50,000...................right arrow 16
Form 990-PF (2023)
Form 990-PF (2023)
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 11,750,000
2200 WEST PARKWAY BLVD
SALT LAKE CITY,UT84119
PGIM REAL ESTATE INVESTMENT ADVISORY 543,126
7 GIRALDA FARMS
MADISON,NJ07940
ARTEMIS REAL ESTATE PARTNERS INVESTMENT ADVISORY 378,534
5404 WISCONSIN AVENUE SUITE 1000
CHEVY CHASE,MD20815
CONCURRENCY CONSULTING 360,414
13600 BISHOPS CT
BROOKFIELD,WI53005
FRED ALGER MANAGEMENT INC INVESTMENT ADVISORY 317,863
111 FIFTH AVENUE
NEW YORK,NY10003
Total number of others receiving over $50,000 for professional services.............right arrow16
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 FRANKLINCOVEY CLIENT SALES INC. - CONSULTING TO EXPAND THE LEADER IN ME NETWORK 11,750,000
2 MAINTENANCE AND ENHANCEMENT OF KEEN DIGITAL PLATFORM FOR USE BY THE KEEN NETWORK OF OVER 6,600 USERS 624,750
3 FACULTY DEVELOPMENT - 14 CONFERENCES CONVENED TO TRAIN FACULTY WITHIN THE KEEN NETWORK WITH 244 GRANTEES IN ATTENDANCE 1,255,732
4 KEEN PROGRAM NETWORK CONFERENCES - HOSTED 2 EVENTS IN 2023 WITH A TOTAL OF 555 GRANTEES IN ATTENDANCE 980,397
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
452,346,666
b
Average of monthly cash balances.......................
1b
120,021
c
Fair market value of all other assets (see instructions)................
1c
381,298,011
d
Total (add lines 1a, b, and c).........................
1d
833,764,698
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
833,764,698
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
12,506,470
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
821,258,228
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
41,062,911
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
41,062,911
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
304,468
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
304,468
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
40,758,443
4
Recoveries of amounts treated as qualifying distributions................
4
43,171
5
Add lines 3 and 4............................
5
40,801,614
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
40,801,614
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
75,548,303
b
Program-related investments—total from Part VIII-B..................
1b
0
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
75,548,303
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 40,801,614
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 19,009,234
b From 2019...... 23,200,664
c From 2020...... 30,262,866
d From 2021...... 39,444,829
e From 2022...... 11,105,252
f Total of lines 3a through e ........ 123,022,845
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 75,548,303
a Applied to 2022, 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 2023 distributable amount..... 40,801,614
e Remaining amount distributed out of corpus 34,746,689
5 Excess distributions carryover applied to 2023. 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 5 157,769,534
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		19,009,234
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		138,760,300
10 Analysis of line 9:
a Excess from 2019.... 23,200,664
b Excess from 2020.... 30,262,866
c Excess from 2021.... 39,444,829
d Excess from 2022.... 11,105,252
e Excess from 2023.... 34,746,689
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
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 right arrow
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 (2023)
Form 990-PF (2023)
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 		N/A PC OPERATIONAL SUPPORT AND OUTREACH 1,600,000

AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES

1818 R ST NW
WASHINGTON,DC20009 		N/A PC SUPPORT FOR THE COALITION FOR LIFE TRANSFORMATIVE EDUCATION (CLTE) 600,000

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH

1789 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20036 		N/A PC SUPPORT THE INITIATIVE ON FAITH AND PUBLIC LIFE 750,000

AMERICAN SOCIETY FOR ENGINEERING EDUCATION

1818 N STREET NW SUITE 600
WASHINGTON,DC200362479 		N/A PC SUPPORT PROGRAM ACTIVITIES TO ADVANCE ENTREPRENEURIAL MINDSET (EM) RESOURCES FOR ASEE MEMBERS 250,000

ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY

ASU FOUNDATION FOR A NEW AMERICAN
UNIVERSITY 300 E UNIVERSITY DR
TEMPE,AZ85281 		N/A PC IMPLEMENTING PRINCIPLED INNOVATION AS THE 9TH DESIGN PRINCIPLE AT ASU; EMBEDDING EM INSTITUTIONALLY 1,725,000

ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC

2626 ALUMNI BLVD
JONESBORO,AR72401 		N/A PC INTEGRATE CHARACTER WITHIN EDUCATION SCHOOL 150,000

ARRAY EDUCATION INC

25 BROADWAY 3RD FLOOR
NEW YORK,NY10004 		N/A PC SUPPORT THE DEAN OF STUDENTS CURRICULUM FOR HIGH SCHOOL STUDENTS 261,200

ASBURY THEOLOGICAL SEMINARY

204 N LEXINGTON AVE
WILMORE,KY40390 		N/A PC FAITH WORK & ECONOMICS (FWE) INTEGRATION 2,250

ASSEMBLIES OF GOD THEOLOGICAL SEMINARY

1435 NORTH GLENSTONE AVENUE
SPRINGFIELD,MO65802 		N/A PC GROW APDP 70,000

AZUSA PACIFIC UNIVERSITY

PO BOX 7000 901 E ALOSTA AVENUE
AZUSA,CA91702 		N/A PC IMPLEMENT APDP; FAITH WORK & ECONOMICS (FWE) INTEGRATION 315,838

BELMONT UNIVERSITY

1900 BELMONT BLVD
NASHVILLE,TN37212 		N/A PC INFUSE CHARACTER EDUCATION ACROSS BELMONT UNIVERSITY; FWE INTEGRATION 777,250

BES INC

131 DARTMOUTH ST FLOOR 3
BOSTON,MA02116 		N/A PC EMBED VIRTUE ETHICS CHARACTER ACROSS LEADERSHIP PROGRAMS 580,000

BETHEL UNIVERSITY

3900 BETHEL DRIVE
ST PAUL,MN55112 		N/A PC IMPLEMENT APDP 2,250

BIOLA UNIVERSITY INC

13800 BIOLA AVE
LA MIRADA,CA90639 		N/A PC GROW APDP; FWE INTEGRATION 269,932

BOARD OF TRUSTEES FOR THE UNIVERSITY OF ALABAMA

PO BOX 870142
TUSCALOOSA,AL35487 		N/A PC SUPPORT THE INFUSION OF CHARACTER EDUCATION INTO EXTERNAL PROGRAMMING 396,998

BOSTON COLLEGE TRUSTEES

140 COMMONWEALTH AVE
CHESTNUT HILL,MA024673800 		N/A PC SUPPORT THE DEVELOPMENT OF PROFESSIONAL LEARNING COMMUNITIES (PLC'S) 400,000

BRADLEY UNIVERSITY

1501 W BRADLEY AVE
PEORIA,IL61625 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION INC

575 MADISON AVE STE 1006
NEW YORK,NY10022 		N/A PC CHARACTER INITIATIVE; DEVELOPMENT OF CHARACTER VIRTUES 1,099,472

BUCKNELL UNIVERSITY

235 DANA ENGINEERING BLDG
LEWISBURG,PA17837 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

CALIFORNIA BAPTIST UNIVERSITY

8432 MAGNOLIA AVE
RIVERSIDE,CA92504 		N/A PC IMPLEMENT APDP 100,000

CAMPBELL UNIVERSITY INC

450 LESLIE CAMPBELL AVE
BUIS CREEK,NC27506 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

CARNEGIE MELLON UNIVERSITY

5000 FORBES AVE
PITTSBURGH,PA15213 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

CATHOLIC MEMORIAL HIGH SCHOOL OF WAUKESHA INC

221 SOUTH HARTWELL AVENUE
WAUKESHA,WI53186 		N/A PC OPERATING EXPENSES 25,000

CENTER FOR URBAN TEACHING INC

2600 W WISCONSIN AVE
MILWAUKEE,WI53233 		N/A PC SUPPORT LEADERSHIP DEVELOPMENT PROGRAM 490,308

CHARACTER LAB INC

3675 MARKET STREET SUITE 200
PHILADELPHIA,PA19104 		N/A PC CHARACTER FOCUSED CONTENT AND PROGRAMMING 675,000

CLARKSON UNIVERSITY

8 CLARKSON AVE
POTSDAM,NY13699 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

COLONIAL WILLIAMSBURG FOUNDATION

PO BOX 1776
WILLIAMSBURG,VA23187 		N/A PC OPERATING EXPENSES 400,000

COLORADO SCHOOL OF MINES FOUNDATION

1500 ILLINOIS ST
GOLDEN,CO80401 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

COLUMBIA INTERNATIONAL UNIVERSITY

7435 MONTICELLO ROAD
COLUMBIA,SC29203 		N/A PC IMPLEMENTATION OF FLOW PRINCIPLES INTO THEOLOGICAL EDUCATION 2,250

CONCORDIA UNIVERSITY

1530 CONCORDIA WEST
IRVINE,CA926123203 		N/A PC IMPLEMENT APDP 500,000

CROWN COLLEGE

8700 COLLEGE VIEW DRIVE
ST BONIFACIUS,MN55375 		N/A PC FWE INTEGRATION 2,250

DR HOWARD FULLER COLLEGIATE ACADEMY INC

4030 NORTH 29TH STREET
MILWAUKEE,WI53216 		N/A PC OPERATING EXPENSES 25,000

DREXEL UNIVERSITY

3141 CHESTNUT STREET
PHILADELPHIA,PA191042875 		N/A PC EMBEDDING EM INSTITUTIONALLY 100,000

DUKE UNIVERSITY

146 LANGFORD BUILDING PO BOX 90968
DURHAM,NC27708 		N/A PC IMPLEMENT APDP; EMBEDDING EM INSTITUTIONALLY 425,000

ELIZABETHTOWN COLLEGE

1 ALPHA DR
ELIZABETHTOWN,PA17022 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

EMMANUEL ACADEMIES INC

777 MOORING LINE DRIVE
NAPLES,FL34102 		N/A PC FWE INTEGRATION 3,000

FLORIDA GULF COAST UNIVERSITY FOUNDATION INC

10501 FGCU BOULEVARD SOUTH
FORT MYERS,FL33965 		N/A PC EMBEDDING EM INSTITUTIONALLY 10,000

FLORIDA INSTITUTE OF TECHNOLOGY INC

150 WEST UNIVERSITY BOULEVARD
MELBOURNE,FL32901 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION INC

510 WALNUT ST SUITE 1250
PHILADELPHIA,PA19106 		N/A PC CAPACITY BUILDING 250,000

FRANKLIN W OLIN COLLEGE OF ENGINEERING INC

1000 OLIN WAY
NEEDHAM,MA02492 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

FRESNO PACIFIC UNIVERSITY

1717 S CHESTNUT AVE
FRESNO,CA93702 		N/A PC IMPLEMENT APDP 137,750

GEORGE FOX UNIVERSITY

414 N MERIDIAN ST
NEWBERG,OR97132 		N/A PC IMPLEMENT A 5-YEAR BA/MDIV PROGRAM; EMBEDDING EM INSTITUTIONALLY 103,250

GEORGE MASON UNIVERSITY

4400 UNIVERSITY DR
FAIRFAX,VA22030 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

GEORGE WASHINGTON UNIVERSITY

2121 STREET NW
WASHINGTON,DC20052 		N/A PC EMBEDDING EM INSTITUTIONALLY 779,319

GEORGIA TECH RESEARCH CORPORATION

800 WEST PEACHTREE STREET NW-ROOM
4428
ATLANTA,GA303081149 		N/A SO III FI EMBEDDING EM INSTITUTIONALLY 669,000

GORDON COLLEGE

255 GRAPEVINE ROAD
WENHAM,MA019841899 		N/A PC IMPLEMENT APDP; FWE INTEGRATION 117,000

GPS EDUCATION PARTNERS INC

N19W24075 RIVERWOOD DRIVE SUITE 300
WAUKESHA,WI53188 		N/A PC OPERATING EXPENSES 25,000

GRACE SCHOOLS

200 SEMINARY DR
WINONA LAKE,IN46590 		N/A PC FWE INTEGRATION 4,500

GRAND CANYON UNIVERSITY

3300 W CAMELBACK RD
PHOENIX,AZ85017 		N/A PC IMPLEMENT APDP; SUPPORT TO DEVELOP THE GCU CENTER FOR CHARACTER EDUCATION; EMBEDDING EM INSTITUTIONALLY; SUPPORT TO DEVELOP THE GCU CENTER FOR CHARACTER EDUCATION 1,562,250

GREATHEARTS FOUNDATION

4801 EAST WASHINGTON ST STE 250
PHOENIX,AZ85034 		N/A SO I SUPPORT THE EXPANSION OF THE GREAT HEARTS SCHOOL NETWORK; SUPPORT THE VIRTUE LEADERSHIP PROGRAM 6,500,000

HOPE INSTITUTE

SAMFORD UNIVERSITY ORLEAN BEESON
SCHOOL OF EDUCATION ROOM 415 800 LA
BIRMINGHAM,AL35229 		N/A PC ENHANCE AND EXPAND HOPE LEADERSHIP ACADEMY 40,000

HOUSTON BAPTIST UNIVERSITY

7502 FONDREN ROAD
HOUSTON,TX77074 		N/A PC FWE INTEGRATION 2,250

IN MEDIAS RES

3 UNIVERSITY CIR
CHARLOTTESVILLE,VA229031801 		N/A PC SUPPORT FOUR ONGOING INITIATIVES 1,965,311

INDIANA WESLEYAN UNIVERSITY

4201 S WASHINGTON STREET
MARION,IN46953 		N/A PC FWE INTEGRATION 2,250

INSTITUTE FOR JUSTICE

901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		N/A PC OPERATING EXPENSES 250,000

JAMES MADISON UNIVERSITY FOUNDATION INC

1320 S MAIN STREET
HARRISONBURG,VA22807 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

KINGDOM PREP LUTHERAN HIGH SCHOOL INC

2520 N WAUWATOSA AVENUE
WAUWATOSA,WI53213 		N/A PC OPERATING EXPENSES 50,000

LAWRENCE TECHNOLOGICAL UNIVERSITY

21000 WEST TEN MILE ROAD
SOUTHFIELD,MI480751058 		N/A PC EMBEDDING EM INSTITUTIONALLY 185,000

LEGATUM INSTITUTE FOUNDATION

11 CHARLES STREET
LONDON   W1J 5DW
UK 		N/A PC FORUM US PILOT 265,500

LETOURNEAU UNIVERSITY

2100 S MOBBERLY AVENUE
LONGVIEW,TX75602 		N/A PC FWE INTEGRATION 2,250

LIFE PACIFIC UNIVERSITY

WEST COVINA BOULEVARD
SAN DIMAS,CA91773 		N/A PC FWE INTEGRATION 1,310

LIPSCOMB UNIVERSITY

ONE UNIVERSITY PARK DRIVE
NASHVILLE,TN37204 		N/A PC ENHANCE CHARACTER EDUCATION THROUGHOUT THE PRINCIPAL PREPARATION PROGRAM; IMPLEMENT APDP; IMPLEMENTATION OF FLOW PRINCIPLES INTO THEOLOGICAL EDUCATION; FWE INTEGRATION 353,470

LUTHERAN UNIVERSITY ASSOCIATION

1700 CHAPEL DR
VALPARAISO,IN46383 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC

52 VANDERBILT AVE 201
NEW YORK,NY10017 		N/A PC SUPPORT STEERING COMMITTEE FOR THE REFORMATION OF HIGHER EDUCATION BOARDS 150,000

MARIAN UNIVERSITY

3200 COLD SPRING RD
INDIANAPOLIS,IN46222 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

MARQUETTE UNIVERSITY

1250 W WISCONSIN AVE
MILWAUKEE,WI53233 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

MIAMI UNIVERSITY-OXFORD

501 E HIGH ST
OXFORD,OH45056 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

MICHIGAN TECH FUND

1400 TOWNSEND DRIVE
HOUGHTON,MI49931 		N/A PC EMBEDDING EM INSTITUTIONALLY 233,500

MILWAUKEE SCHOOL OF ENGINEERING

1025 NORTH BROADWAY
MILWAUKEE,WI523033109 		N/A PC CREATE INSTITUTE FORMATION; KERN SCHOLARSHIP FUND; MBA ED LEADERSHIP PROGRAM; EM FACULTY DEVELOPMENT TRAINING; EMBEDDING EM INSTITUTIONALLY 216,000

MINNESOTA STATE UNIVERSITY MANKATO

MINNESOTA STATE UNIVERSITY -
MANKATO 131 TRAFTON SCIENCE CENTER
MANKATO,MN56001 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

MONTANA STATE UNIVERSITY

CULBERTSON HALL 100
BOZEMAN,MT59717 		N/A GOV EMBEDDING EM INSTITUTIONALLY 35,000

MTF FUND

10901 LOWELL AVE STE 130
OVERLAND PARK,KS66210 		N/A SO I ONGOING OPERATIONAL SUPPORT 2,882,500

NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY

3939 GENTILLY BLVD
NEW ORLEANS,LA70126 		N/A PC IMPLEMENT APDP 126,500

NEW SCHOOLS FOR ALABAMA

2 20TH ST N STE 1315
BIRMINGHAM,AL35203 		N/A PC SUPPORT CREATING AND OPERATING CHARTER SCHOOLS IN ALABAMA 905,000

NEW YORK INSTITUTE OF TECHNOLOGY

NORTHERN BOULEVARD VALENTINES LN
OLD WESTBURY,NY11568 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

NORTH AMERICAN BAPTIST SEMINARY

2100 SOUTH SUMMIT AVENUE
SIOUX FALLS,SD57105 		N/A PC GROW APDP; FWE INTEGRATION 130,450

NORTH CAROLINE STATE UNIVERSITY

NORTH CAROLINA STATE UNIVERSITY
HOLLADAY HALL BOX 7001
RALEIGH,NC276957001 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

NORTH CENTRAL COLLEGE

30 NORTH BRAINARD ST
NAPERVILLE,IL60540 		N/A PC CHARACTER EDUCATION PROJECT 629,523

NORTH CENTRAL UNIVERSITY

910 ELLIOT AVE
MINNEAPOLIS,MN55404 		N/A PC FWE INTEGRATION 2,250

NORTHWEST NAZARENE UNIVERSITY INC

623 S UNIVERSITY BLVD
NAMPA,ID83686 		N/A PC IMPLEMENT APDP 119,000

OHIO NORTHERN UNIVERSITY

525 SOUTH MAIN STREET
ADA,OH45810 		N/A PC EMBEDDING EM INSTITUTIONALLY 195,000

OHIO STATE UNIVERSITY FOUNDATION

281 W LANE AVE
COLUMBUS,OH43210 		N/A PC EMBEDDING EM INSTITUTIONALLY 645,000

PALM BEACH ATLANTIC UNIVERSITY INC

901 S FLAGLER DR
WEST PALM BEACH,FL33401 		N/A PC IMPLEMENT APDP 111,000

PARENT CHOICE INC

350 BISHOPS WAY STE 104
BROOKFIELD,WI53005 		N/A SO I OPERATING EXPENSE 475,000

PBS FOUNDATION

2100 CRYSTAL DRIVE
ARLINGTON,VA22202 		N/A SO I DEVELOPMENT OF KEN BURNS FILM 1,000,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

PO BOX 415649
BOSTON,MA022415649 		N/A PC HUMAN FLOURISHING PROGRAM CAPACITY; PILOT TO ADDRESS ETHICS AND CHARACTER ON CAMPUS 700,000

PRESIDENT-BOARD OF TRUSTEES SANTA CLARA COLLEGE

500 EL CAMINO REAL
SANTA CLARA,CA95053 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY

UNIVERSITY OF CALIFORNIA BERKELEY
MC 6070
BERKELEY,CA947206070 		N/A PC SUPPORT GREATER GOOD SCIENCE CENTER 243,725

REGENTS OF THE UNIVERSITY OF MICHIGAN

4901 EVERGREEN RD
DEARBORN,MI48128 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

ROCHESTER INSTITUTE OF TECHNOLOGY

1 LOMB MEMORIAL DR
ROCHESTER,NY14623 		N/A PC EMBEDDING EM INSTITUTIONALLY 150,000

ROSE-HULMAN INSTITUTE OF TECHNOLOGY

5500 WABASH AVENUE
TERRE HAUTE,IN47803 		N/A PC EMBEDDING EM INSTITUTIONALLY 202,500

ROWAN UNIVERSITY FOUNDATION INC

201 MULLICA HILL RD
GLASSBORO,NJ08028 		N/A PC EMBEDDING EM INSTITUTIONALLY 140,000

SOUTH DAKOTA SCHOOL OF MINES & TECHNOLOGY

501 E ST JOSEPH ST
RAPID CITY,SD57701 		N/A GOV EMBEDDING EM INSTITUTIONALLY 23,739

SOUTHEASTERN UNIVERSITY INC

1000 LONGFELLOW BLVD
LAKELAND,FL33801 		N/A PC GROW APDP; FWE INTEGRATION 702,250

ST AUGUSTINE PREPARATORY ACADEMY INC

2607 S 5TH STREET
MILWAUKEE,WI53207 		N/A PC OPERATING EXPENSES 25,000

ST LOUIS UNIVERSITY

221 N GRAND BLVD
ST LOUIS,MO63103 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

TEACH FOR AMERICA INC

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		N/A PC OPERATING EXPENSES 375,000

TENNESSEE TECHNOLOGICAL UNIVERSITY

1 WILLIAM L JONES DR
COOKEVILLE,TN38505 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND

6823 ST CHARLES AVENUE
NEW ORLEANS,LA70118 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

THE ASPEN INSTITUTE INC

2300 N STREET SUITE 700
WASHINGTON,DC20037 		N/A PC LAUNCH THE DIGITAL LEADERSHIP DEVELOPMENT INDEX ASSESSMENT TOOL 112,580

THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS

PRESIDENTS OFFICE MC-346 506 S
WRIGHT ST
CHAMPAIGN,IL61801 		N/A PC EMBEDDING EM INSTITUTIONALLY 735,000

THE CEDARVILLE UNIVERSITY

251 N MAIN STREET
CEDARVILLE,OH45314 		N/A PC IMPLEMENT APDP 171,000

THE CITADEL THE MILITARY COLLEGE OF SOUTH CAROLINA

171 MOULTRIE STREET
CHARLESTON,SC294090001 		N/A GOV EMBEDDING EM INSTITUTIONALLY 45,000

THE MEDICAL COLLEGE OF WISCONSIN INC

8701 WATERTOWN PLANK ROAD
MILWAUKEE,WI53226 		N/A PC KERN INSTITUTE - MCW - NATIONAL TRANSFORMATION NETWORK 8,100,000

THE WESTERN THEOLOGICAL SEMINARY OF THE REFORMED CHURCH IN AMERICA

101 E 13TH ST
HOLLAND,MI49423 		N/A PC IMPLEMENT APDP 57,553

TRINITY BIBLE COLLEGE AND GRADUATE SCHOOL

50 SIXTH AVE S
ELLENDALE,ND58436 		N/A PC FWE INTEGRATION 4,500

UNION UNIVERSITY

1050 UNION UNIVERSITY DRIVE
JACKSON,TN38305 		N/A PC IMPLEMENT APDP; FWE INTEGRATION 46,000

UNIVERSITY OF DAYTON

300 COLLEGE PARK
DAYTON,OH454690238 		N/A PC EMBEDDING EM INSTITUTIONALLY 50,000

UNIVERSITY OF DENVER

2199 S UNIVERSITY BLVD
DENVER,CO80208 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF MISSOURI

105 JESSE HALL
COLUMBIA,MO65211 		N/A GOV SUPPORT THE CENTER FOR CHARACTER & CITIZENSHIP (CCC); EMBEDDING EM INSTITUTIONALLY 164,209

UNIVERSITY OF MOUNT UNION

1972 CLARK AVE
ALLIANCE,OH44601 		N/A PC EMBEDDING EM INSTITUTIONALLY 10,000

UNIVERSITY OF NEW HAVEN

300 BOSTON POST ROAD
WEST HAVEN,CT06516 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

148 ROSENAU HALL CB 7431
CHAPEL HILL,NC275997431 		N/A PC EMBEDDING EM INSTITUTIONALLY 381,000

UNIVERSITY OF NORTHERN IOWA FOUNDATION

OFFICE OF RESEARCH AND SPONSORED
PROGRAMS 213 EAST BARTLETT HALL
CEDAR FALLS,IA506140394 		N/A PC ED LEADERSHIP PROGRAM; DEVELOP A STATE NETWORK FOR SCHOOL LEADERS; CHARACTER INTEGRATION 645,000

UNIVERSITY OF NORTHWESTERN-ST PAUL

3003 SNELLING AVE N
ST PAUL,MN55113 		N/A PC FWE INTEGRATION 2,250

UNIVERSITY OF NOTRE DAME DU LAC

216 HESBURGH CENTER
NOTRE DAME,IN46556 		N/A PC TO FACILITATE THE CULTIVATION OF CHARACTER IN EDUCATION ACROSS DIVERSE FIELDS 500,000

UNIVERSITY OF PORTLAND

5000 N WILLAMETTE BLVD
PORTLAND,OR97203 		N/A PC EMBEDDING EM INSTITUTIONALLY 145,500

UNIVERSITY OF SAN DIEGO

5998 ALCALA PARK
SAN DIEGO,CA92110 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF ST THOMAS

2115 SUMMIT AVENUE
SAINT PAUL,MN55105 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF TOLEDO

2801 BANCROFT ST
TOLEDO,OH43606 		N/A GOV EMBEDDING EM INSTITUTIONALLY 35,000

UNIVERSITY OF WEST ALABAMA FOUNDATION

STATION 200
LIVINGSTON,AL35470 		N/A PC TO DEVELOP RURAL LEADERS NETWORKS IN SOUTHERN AL 887,000

UPLIFT EDUCATION

3000 PEGASUS PARK DRIVE STE 1100
DALLAS,TX75247 		N/A PC TO BUILD UPON THE STUDENT AND STAFF WELL-BEING INITIATIVE 353,000

UW-PLATTEVILLE FOUNDATION INC

1 UNIVERSITY PLAZA
PLATTEVILLE,WI53818 		N/A PC EMBEDDING EM INSTITUTIONALLY 305,000

VANDERBILT UNIVERSITY

110 MAGNOLIA CIRCLE
NASHVILLE,TN37203 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

VILLANOVA UNIVERSITY

800 LANCASTER AVENUE
VILLANOVA,PA190851603 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

WAKE FOREST UNIVERSITY

1834 WAKE FOREST ROAD
WINSTONSALEM,NC27106 		N/A PC TO SUPPORT THE PLACEMENT OF 1 POST-DOC FOR 2 YEARS; EMBEDDING EM INSTITUTIONALLY 2,217,280

WELCH COLLEGE

1045 BISON TR
GALLATIN,TN37066 		N/A PC IMPLEMENT APDP; FWE INTEGRATION 166,000

WESLEYAN CHURCH CORPORATION

PO BOX 50434
INDIANAPOLIS,IN46250 		N/A PC IMPLEMENT APDP 99,550

WESTERN NEW ENGLAND UNIVERSITY

1215 WILBRAHAM ROAD
SPRINGFIELD,MA01119 		N/A PC EMBEDDING EM INSTITUTIONALLY 45,000

WGU ADVANCEMENT

4001 S 700 EAST 700
SALT LAKE CITY,UT84107 		N/A SO III FI SUPPORT THE DEVELOPMENT OF CHARACTER-FOCUSED PROGRAMMING 1,014,000

WICHITA STATE UNIVERSITY

1845 FAIRMOUNT ST
WICHITA,KS67260 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

WILLIAM JESSUP UNIVERSITY

2121 UNIVERSITY AVENUE
ROCKLIN,CA95765 		N/A PC FWE INTEGRATION 2,250

WISCONSIN INSTITUTE FOR LAW & LIBERTY INC

330 E KILBOURN SUITE 725
MILWAUKEE,WI53202 		N/A PC OPERATING EXPENSES 500,000

WORCESTER POLYTECHNIC INSTITUTE

100 INSTITUTE ROAD WASHBURN 216 C
WORCESTER,MA01609 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

YERKES FUTURE FOUNDATION INC

373 W GENEVA ST
WILLIAMS BAY,WI53191 		N/A PC BUILD PROGRAM CAPACITY 500,000

YES EVERY KID FOUNDATION

1320 N COURTHOUSE RD STE 400
ARLINGTON,VA22201 		N/A PC TO SUPPORT FUTURE IMPLEMENTATION STRATEGY 182,000

YORK COLLEGE PENNSYLVANIA

441 COUNTRY CLUB RD
YORK,PA17403 		N/A PC EMBEDDING EM INSTITUTIONALLY 10,000
Total .................................right arrow 3a 54,002,017
bApproved for future payment

AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES
1818 R ST NW
WASHINGTON,DC20009 		N/A PC SUPPORT FOR THE CLTE 600,000

ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
ASU FOUNDATION FOR A NEW AMERICAN
UNIVERSITY 300 E UNIVERSITY DR
TEMPE,AZ85281 		N/A PC IMPLEMENTING PRINCIPLED INNOVATION AS THE 9TH DESIGN PRINCIPLE AT ASU; EMBEDDING EM INSTITUTIONALLY 21,600,000

BES INC
131 DARTMOUTH ST FLOOR 3
BOSTON,MA02116 		N/A PC EMBED VIRTUE ETHICS CHARACTER ACROSS LEADERSHIP PROGRAMS 1,390,000

BIOLA UNIVERSITY INC
13800 BIOLA AVE
LA MIRADA,CA90639 		N/A PC GROW APDP; FWE INTEGRATION 66,294

BOSTON COLLEGE TRUSTEES
140 COMMONWEALTH AVE
CHESTNUT HILL,MA024673800 		N/A PC SUPPORT THE DEVELOPMENT OF PROFESSIONAL LEARNING COMMUNITIES (PLC'S) 100,000

BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION INC
575 MADISON AVE STE 1006
NEW YORK,NY10022 		N/A PC CHARACTER INITIATIVE; DEVELOPMENT OF CHARACTER VIRTUES 1,778,389

CALIFORNIA BAPTIST UNIVERSITY
8432 MAGNOLIA AVE
RIVERSIDE,CA92504 		N/A PC IMPLEMENT APDP 84,000

CENTER FOR URBAN TEACHING INC
2600 W WISCONSIN AVE
MILWAUKEE,WI53233 		N/A PC SUPPORT LEADERSHIP DEVELOPMENT PROGRAM 516,384

CHARACTER LAB INC
3675 MARKET STREET SUITE 200
PHILADELPHIA,PA19104 		N/A PC CHARACTER FOCUSED CONTENT AND PROGRAMMING 332,100

DUKE UNIVERSITY
146 LANGFORD BUILDING PO BOX 90968
DURHAM,NC27708 		N/A PC IMPLEMENT APDP; EMBEDDING EM INSTITUTIONALLY 285,000

FLORIDA GULF COAST UNIVERSITY FOUNDATION INC
10501 FGCU BOULEVARD SOUTH
FORT MYERS,FL33965 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION INC
510 WALNUT ST SUITE 1250
PHILADELPHIA,PA19106 		N/A PC CAPACITY BUILDING 250,000

FRESNO PACIFIC UNIVERSITY
1717 S CHESTNUT AVE
FRESNO,CA93702 		N/A PC IMPLEMENT APDP 137,750

GEORGE WASHINGTON UNIVERSITY
2121 STREET NW
WASHINGTON,DC20052 		N/A PC EMBEDDING EM INSTITUTIONALLY 524,000

GORDON COLLEGE
255 GRAPEVINE ROAD
WENHAM,MA019841899 		N/A PC IMPLEMENT APDP; FWE INTEGRATION 114,000

GRAND CANYON UNIVERSITY
3300 W CAMELBACK RD
PHOENIX,AZ85017 		N/A PC IMPLEMENT APDP; SUPPORT TO DEVELOP THE GCU CENTER FOR CHARACTER EDUCATION; EMBEDDING EM INSTITUTIONALLY; SUPPORT TO DEVELOP THE GCU CENTER FOR CHARACTER EDUCATION 1,716,000

GREATHEARTS FOUNDATION
4801 EAST WASHINGTON ST STE 250
PHOENIX,AZ85034 		N/A SO I SUPPORT THE EXPANSION OF THE GREAT HEARTS SCHOOL NETWORK; SUPPORT THE VIRTUE LEADERSHIP PROGRAM 9,500,000

IN MEDIAS RES
3 UNIVERSITY CIR
CHARLOTTESVILLE,VA229031801 		N/A PC SUPPORT FOUR ONGOING INITIATIVES 967,989

INDIANA WESLEYAN UNIVERSITY
4201 S WASHINGTON STREET
MARION,IN46953 		N/A PC FWE INTEGRATION 939,000

INSTITUTE FOR JUSTICE
901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		N/A PC OPERATING EXPENSES 250,000

JAMES MADISON UNIVERSITY FOUNDATION INC
1320 S MAIN STREET
HARRISONBURG,VA22807 		N/A PC EMBEDDING EM INSTITUTIONALLY 60,000

LIPSCOMB UNIVERSITY
ONE UNIVERSITY PARK DRIVE
NASHVILLE,TN37204 		N/A PC ENHANCE CHARACTER EDUCATION THROUGHOUT THE PRINCIPAL PREPARATION PROGRAM; IMPLEMENT APDP; IMPLEMENTATION OF FLOW PRINCIPLES INTO THEOLOGICAL EDUCATION; FWE INTEGRATION 667,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
52 VANDERBILT AVE 201
NEW YORK,NY10017 		N/A PC SUPPORT STEERING COMMITTEE FOR THE REFORMATION OF HIGHER EDUCATION BOARDS 300,000

MILWAUKEE SCHOOL OF ENGINEERING
1025 NORTH BROADWAY
MILWAUKEE,WI523033109 		N/A PC CREATE INSTITUTE FORMATION; KERN SCHOLARSHIP FUND; MBA ED LEADERSHIP PROGRAM; EM FACULTY DEVELOPMENT TRAINING; EMBEDDING EM INSTITUTIONALLY 1,000,000

MONTANA STATE UNIVERSITY
CULBERTSON HALL 100
BOZEMAN,MT59717 		N/A GOV EMBEDDING EM INSTITUTIONALLY 98,000

MTF FUND
10901 LOWELL AVE STE 130
OVERLAND PARK,KS66210 		N/A SO I ONGOING OPERATIONAL SUPPORT 45,306,200

NEW SCHOOLS FOR ALABAMA
2 20TH ST N STE 1315
BIRMINGHAM,AL35203 		N/A PC SUPPORT CREATING AND OPERATING CHARTER SCHOOLS IN ALABAMA 450,000

NORTHWEST NAZARENE UNIVERSITY INC
623 S UNIVERSITY BLVD
NAMPA,ID83686 		N/A PC IMPLEMENT APDP 185,000

OHIO STATE UNIVERSITY FOUNDATION
281 W LANE AVE
COLUMBUS,OH43210 		N/A PC EMBEDDING EM INSTITUTIONALLY 1,390,000

PARENT CHOICE INC
350 BISHOPS WAY STE 104
BROOKFIELD,WI53005 		N/A SO I OPERATING EXPENSE 775,000

PBS FOUNDATION
2100 CRYSTAL DRIVE
ARLINGTON,VA22202 		N/A SO I DEVELOPMENT OF KEN BURNS FILM 6,500,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE
PO BOX 415649
BOSTON,MA022415649 		N/A PC HUMAN FLOURISHING PROGRAM CAPACITY; PILOT TO ADDRESS ETHICS AND CHARACTER ON CAMPUS 680,500

ROWAN UNIVERSITY FOUNDATION INC
201 MULLICA HILL RD
GLASSBORO,NJ08028 		N/A PC EMBEDDING EM INSTITUTIONALLY 200,000

TEACH FOR AMERICA INC
25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		N/A PC OPERATING EXPENSES 175,000

THE ASPEN INSTITUTE INC
2300 N STREET SUITE 700
WASHINGTON,DC20037 		N/A PC LAUNCH THE DIGITAL LEADERSHIP DEVELOPMENT INDEX ASSESSMENT TOOL 8,702,520

THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS
PRESIDENTS OFFICE MC-346 506 S
WRIGHT ST
CHAMPAIGN,IL61801 		N/A PC EMBEDDING EM INSTITUTIONALLY 470,000

THE MEDICAL COLLEGE OF WISCONSIN INC
8701 WATERTOWN PLANK ROAD
MILWAUKEE,WI53226 		N/A PC KERN INSTITUTE - MCW - NATIONAL TRANSFORMATION NETWORK 42,500,000

THE WESTERN THEOLOGICAL SEMINARY OF THE REFORMED CHURCH IN AMERICA
101 E 13TH ST
HOLLAND,MI49423 		N/A PC IMPLEMENT APDP 376,962

UNION UNIVERSITY
1050 UNION UNIVERSITY DRIVE
JACKSON,TN38305 		N/A PC IMPLEMENT APDP; FWE INTEGRATION 40,000

UNIVERSITY OF MISSOURI
105 JESSE HALL
COLUMBIA,MO65211 		N/A GOV SUPPORT THE CENTER FOR CHARACTER & CITIZENSHIP (CCC); EMBEDDING EM INSTITUTIONALLY 141,943

UNIVERSITY OF NORTHERN IOWA FOUNDATION
OFFICE OF RESEARCH AND SPONSORED
PROGRAMS 213 EAST BARTLETT HALL
CEDAR FALLS,IA506140394 		N/A PC ED LEADERSHIP PROGRAM; DEVELOP A STATE NETWORK FOR SCHOOL LEADERS; CHARACTER INTEGRATION 643,000

UNIVERSITY OF NOTRE DAME DU LAC
216 HESBURGH CENTER
NOTRE DAME,IN46556 		N/A PC TO FACILITATE THE CULTIVATION OF CHARACTER IN EDUCATION ACROSS DIVERSE FIELDS 1,000,000

UW-PLATTEVILLE FOUNDATION INC
1 UNIVERSITY PLAZA
PLATTEVILLE,WI53818 		N/A PC EMBEDDING EM INSTITUTIONALLY 112,000

WAKE FOREST UNIVERSITY
1834 WAKE FOREST ROAD
WINSTONSALEM,NC27106 		N/A PC TO SUPPORT THE PLACEMENT OF 1 POST-DOC FOR 2 YEARS; EMBEDDING EM INSTITUTIONALLY 4,393,000

WESLEYAN CHURCH CORPORATION
PO BOX 50434
INDIANAPOLIS,IN46250 		N/A PC IMPLEMENT APDP 99,550

WGU ADVANCEMENT
4001 S 700 EAST 700
SALT LAKE CITY,UT84107 		N/A SO III FI SUPPORT THE DEVELOPMENT OF CHARACTER-FOCUSED PROGRAMMING 1,572,415

WISCONSIN INSTITUTE FOR LAW & LIBERTY INC
330 E KILBOURN SUITE 725
MILWAUKEE,WI53202 		N/A PC OPERATING EXPENSES 500,000

YES EVERY KID FOUNDATION
1320 N COURTHOUSE RD STE 400
ARLINGTON,VA22201 		N/A PC TO SUPPORT FUTURE IMPLEMENTATION STRATEGY 302,500
Total ................................. right arrow 3b 159,816,496
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 7,707,988  
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 3,214,516  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		  -87,564 14 8,603,858  
bPRIOR YEAR GRANT REFUND         43,171
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -87,564 19,526,362 43,171
13Total. Add line 12, columns (b), (d), and (e)..................
13
19,481,969
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE ROBERT D AND PATRICIA E KERN
FAMILY FOUNDATION INC
Employer identification number

39-1923558
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE ROBERT D AND PATRICIA E KERN
FAMILY FOUNDATION INC 		Employer identification number
39-1923558
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ROBERT D KERN PRIVATE REVOCABLE TRUST
 
W305 S4239 BROOKHILL ROAD
 
WAUKESHA, WI53189

$ 150,723,335


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE ROBERT D AND PATRICIA E KERN
FAMILY FOUNDATION INC 		Employer identification number

39-1923558
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 INTERESTS IN MULTIPLE INVESTMENT FUNDS $ 150,723,335 2023-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE ROBERT D AND PATRICIA E KERN
FAMILY FOUNDATION INC 		Employer identification number

39-1923558
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 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 44,624 22,312   22,312

TY 2023 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
LORD ABBETT HIGH YIELD FUND 10,225,443 10,225,443
BAIRD ADVISORS 76,107,904 76,107,904

TY 2023 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 39,689,961 39,689,961
FIDUCIARY MANAGEMENT 65,928,398 65,928,398
EUROPACIFIC GROWTH FUND 34,400,802 34,400,802
ACADIAN ASSET MANAGEMENT 43,378,430 43,378,430
SBH SMALL CAP CORE FUND 10,486,295 10,486,295
VANGUARD S&P 500 INDEX 66,872,083 66,872,083
FRED ALGER 67,900,528 67,900,528
ISHARES MSCI EAFE INTL INDEX FUND 30,825,395 30,825,395

TY 2023 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
ANGELO GORDON ENERGY FMV 720,274 720,274
CRESCENT PRIVATE CREDIT PARTNERS FMV 15,068,102 15,068,102
SUMMIT PARTNERS CREDIT FMV 12,994,677 12,994,677
RREEF INSTITUTIONAL FMV 16,802,032 16,802,032
PARAMETRIC FMV 47,427,789 47,427,789
PRISA III FMV 34,021,838 34,021,838
PORTFOLIO ADVISORS FMV 4,671,089 4,671,089
NIS FMV 30,508,794 30,508,794
CLAIRION LION PROPERTIES FUND FMV 21,091,807 21,091,807
ABERDEEN PRIVATE EQUITY FMV 113,655,284 113,655,284
PRUDENTIAL CAPITAL PARTNERS FMV 36,695,479 36,695,479
PIMCO TACTICAL OPPORTUNITIES FMV 37,486,311 37,486,311
ARTEMIS REAL ESTATE PARTNERS FMV 2,733,730 2,733,730
CCMP CAPITAL INVESTORS FMV 10,132,901 10,132,901
PENNYBACKER VI LP FMV 942,085 942,085

TY 2023 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
BLICK ROTHENBERG 14,921 0   14,921
C3 LEGAL 3,604 0   3,604
QUARLES & BRADY 88,049 0   87,677


TY 2023 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 7,602 0   7,602
COMPUTER TECHNOLOGY 62,835 0   62,835
DUES & SUBSCRIPTIONS 8,970 0   8,970
FURNITURE 18,666 0   18,666
RECRUITMENT EXPENSES 769 0   769
MEMORIALS/MISC 2,588 0   2,588
OFFICE SUPPLIES 10,200 0   10,200
POSTAGE & DELIVERY 421 0   421
KEEN DIGITAL ENGAGEMENT PLATFORM (DCA) 624,750 0   624,750
KEEN FACULTY DEVELOPMENT (DCA) 1,255,732 0   1,255,732
FRANKLINCOVEY CLIENT SALES INC. (DCA) 11,750,000 0   11,750,000


TY 2023 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 8,516,294 8,603,858 8,516,294
PRIOR YEAR GRANT REFUND 43,171   43,171


TY 2023 OtherIncreasesSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Description Amount
UNREALIZED GAIN/LOSS 64,233,805


TY 2023 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 1,000 1,000   0
ACADIAN - INVESTMENT ADVISORY SERVICES 139,161 139,161   0
ARTEMIS - INVESTMENT CONSULTING 378,534 378,534   0
BANK OF AMERICA - CUSTODY SERVICES 70,499 70,499   0
BETH JONES - CONSULTING 5,000 0   5,000
BETTER PARTNERS, LLC - CONSULTING 1,013 0   1,013
BRENT PETERSON - CONSULTING 5,000 0   5,000
BRENT WATERS - CONSULTING 5,000 0   5,000
CHARLES E. SELF - CONSULTING 11,000 0   11,000
CHRISTINA LAKE - CONSULTING 5,000 0   5,000
CLARION LION - INVESTMENT ADVISORY SERVICES 235,089 235,089   0
EDDY SHIGLEY - CONSULTING 8,000 0   8,000
FIDUCIARY MANAGEMENT - INVESTMENT ADVISORY SERVICES 317,304 317,304   0
FRED ALGER - INVESTMENT ADVISORY SERVICES 317,863 317,863   0
GARY LATO - INVESTMENT CONSULTING 2,000 2,000   0
GREG HENSON - CONSULTING 6,000 0   6,000
JASON HILES - CONSULTING 5,500 0   5,500
JEANNINE BROWN - CONSULTING 2,500 0   2,500
JENNIFER GRAFFIUS - CONSULTING 12,000 0   12,000
JONATHAN GRENZ - CONSULTING 5,500 0   5,500
MARQUETTE ASSOCIATES - INVESTMENT ADVISORY SERVICES 204,000 204,000   0
NATHAN HELLING - CONSULTING 5,500 0   5,500
NIS - INVESTMENT ADVISORY SERVICES 198,948 198,948   0
OFI GLOBAL - INVESTMENT ADVISORY SERVICES 214,643 214,643   0
PARAMETRIC - INVESTMENT ADVISORY SERVICES 149,449 149,449   0
PENNYBACKER - INVESTMENT ADVISORY SERVICES 224,384 224,384   0
PIMCO - INVESTMENT CONSULTING 348,460 348,460   0
PRISA III - INVESTMENT ADVISORY SERVICES 543,126 543,126   0
PRUDENTIAL REAL ESTATE - INVESTMENT ADVISORY SERVICES 296,369 296,369   0
RREEF - INVESTMENT ADVISORY SERVICES 157,767 157,767   0
SARAH ESTELLE - CONSULTING 5,000 0   5,000
SEVENSIDED CONSULTING 6,750 0   6,750
SHARON KOENINGS - CONSULTING 28,000 0   28,000
W. JAY MOON 5,000 0   5,000
WARREN PIERSON - INVESTMENT CONSULTING 2,000 2,000   0
GAIL HANSON - INVESTMENT CONSULTING 500 500   0
MILLWHEEL - CONSULTING 5,000 0   5,000
LEESON COMMUNICATIONS - CONSULTING 700 0   700


TY 2023 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 833,316 0   0
FOREIGN TAXES 200,277 200,277   0