Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 191,156,154 | 248,141,708 | 225,282,911 | 123,339,717 | 115,729,319 | 903,649,809 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 270,464 | 176,000 | 132,000 | 578,464 | ||
| 4 | Total. Add lines 1 through 3 | 191,426,618 | 248,317,708 | 225,414,911 | 123,339,717 | 115,729,319 | 904,228,273 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 145,141,431 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 759,086,842 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 191,426,618 | 248,317,708 | 225,414,911 | 123,339,717 | 115,729,319 | 904,228,273 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 1,655,957 | 1,535,092 | 1,936,866 | 2,726,047 | 3,465,255 | 11,319,217 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 1,437 | 1,206 | 39,558 | 362,723 | 404,924 | |
| 11 | Total support. Add lines 7 through 10 | 915,952,414 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
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| FORM 990, PART I, LINE 1, ORGANIZATION'S MISSION OR ACTIVITIES: | THE CDC FOUNDATION HELPS THE PUBLIC HEALTH SYSTEM, INCLUDING THE CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC), BY FORGING EFFECTIVE PARTNERSHIPS BETWEEN GOVERNMENT, PHILANTHROPY, ORGANIZATIONS, CORPORATIONS AND INDIVIDUALS TO FIGHT THREATS TO HEALTH AND SAFETY. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: | THE CDC FOUNDATION CONTINUED ITS WORK TO STRENGTHEN THE NATION'S PUBLIC HEALTH PROTECTION SYSTEM BY RECRUITING, HIRING, ONBOARDING AND MANAGING DIVERSE AND EXPERIENCED PUBLIC HEALTH PROFESSIONALS ON BEHALF OF 27 HEALTH JURISDICTIONS THIS YEAR. AS PART OF THIS EFFORT, THE CDC FOUNDATION EMPLOYED MORE THAN 206 PUBLIC HEALTH WORKERS AT THE END OF THE FISCAL YEAR TO BRIDGE WORKFORCE GAPS AT HEALTH DEPARTMENTS ACROSS THE NATION. FIELD EMPLOYEES WORK IN VARIOUS ROLES, RANGING FROM TRADITIONAL PUBLIC HEALTH POSITIONS LIKE EPIDEMIOLOGISTS, DISEASE INVESTIGATORS AND EMERGENCY RESPONSE SPECIALISTS, TO DATA SCIENTISTS, CLOUD ARCHITECTS, LEGAL PROFESSIONALS, HEALTH POLICY EXPERTS, SCHOOL LIAISONS, OVERDOSE COORDINATORS, VACCINE DEMAND STRATEGISTS AND MANY MORE. THESE EMPLOYEES PLAY INTEGRAL ROLES IN THE PUBLIC HEALTH INFRASTRUCTURE FOR JURISDICTIONS ACROSS AMERICA. BY MEETING HEALTH DEPARTMENT NEEDS AND PROVIDING KEY STAFF WHEN AND WHERE THEY WERE NEEDED MOST, CDC FOUNDATION SUSTAINED ITS INVALUABLE CONTRIBUTION TO PUBLIC HEALTH, BOTH IN THE MOMENT AND FOR THE FUTURE. |
| FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: | BUILDING ON PREVIOUS WORK THAT ASSISTED STATE AND LOCAL HEALTH DEPARTMENTS IN BUILDING THEIR CAPACITY TO COMBAT THE RAPID INCREASE OF DEATHS RELATED TO OPIOID OVERDOSES ACROSS THE COUNTRY, THE CDC FOUNDATION HAD TWO SPECIFIC ONGOING PROJECTS DESIGNED TO ADDRESS THIS ISSUE IN FY2025. THE CDC AWARDED A COOPERATIVE AGREEMENT TO THE CDC FOUNDATION FOR A CAPACITY-BUILDING PROGRAM KNOWN AS OVERDOSE DATA TO ACTION (OD2A), WHICH SUPPORTS JURISDICTIONS IN IMPLEMENTING PREVENTION ACTIVITIES AND COLLECTING ACCURATE, COMPREHENSIVE AND TIMELY DATA ON NONFATAL AND FATAL OVERDOSES AND IN USING THOSE DATA TO ENHANCE PROGRAMMATIC AND MONITORING EFFORTS TO PREVENT OVERDOSES. OD2A SUPPORTS EMPLOYEES AND SUBRECIPIENTS ACROSS 48 JURISDICTIONS TO IMPLEMENT OVERDOSE SURVEILLANCE AND PREVENTION ACTIVITIES. UNDER THE SAME COOPERATIVE AGREEMENT, CDC ALSO AWARDED FUNDS TO CONTINUE THE OVERDOSE RESPONSE STRATEGY (ORS), AN INITIATIVE LED BY THE CDC FOUNDATION DESIGNED TO ENHANCE PUBLIC HEALTH-PUBLIC SAFETY COLLABORATION AND STRENGTHEN EFFORTS TO REDUCE DEATHS FROM DRUG OVERDOSES. ORS WAS CREATED THROUGH A PARTNERSHIP BETWEEN CDC AND THE OFFICE OF NATIONAL DRUG CONTROL POLICY (ONDCP) THROUGH THEIR SUPPORT OF THE HIGH INTENSITY DRUG TRAFFICKING AREA (HIDTA) PROGRAM AND THE CDC FOUNDATION. NOW IN ITS EIGHTH YEAR, THE PROGRAM'S MISSION REMAINS HELPING COMMUNITIES REDUCE FATAL AND NON-FATAL DRUG OVERDOSES BY IMPROVED INFORMATION SHARING ACROSS PUBLIC HEALTH AND PUBLIC SAFETY AGENCIES AND BY SUPPORTING EFFECTIVE STRATEGIES. CURRENTLY, THERE ARE 61 PUBLIC HEALTH ANALYSTS FUNDED IN ALL 50 STATES, WASHINGTON, DC, PUERTO RICO AND THE U.S. VIRGIN ISLANDS WHO GATHER AND ANALYZE DATA AND TRENDS ON OVERDOSES AND INFORM AND SUPPORT LOCAL COMMUNITIES WITH THE DEVELOPMENT AND IMPLEMENTATION OF SOLUTIONS TO REDUCE OVERDOSES AND SAVE LIVES. |
| FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: | THE CDC FOUNDATION LAUNCHED THE WORKFORCE ACCELERATION INITIATIVE (WAI) TO HELP MEET THE TECHNOLOGY WORKFORCE NEEDS OF THE NATION'S PUBLIC HEALTH SYSTEM BY PROVIDING ADDITIONAL TECHNOLOGY AND DATA EXPERTS TO SUPPORT ACCELERATED INFORMATION SYSTEM IMPROVEMENTS. WITH MORE MODERN AND INTEGRATED INFORMATION SYSTEMS, PUBLIC HEALTH AUTHORITIES (PHAS) WILL BE BETTER EQUIPPED TO RAPIDLY DETECT AND RESPOND TO NEW THREATS, MAKE MORE INFORMED AND TIMELY DECISIONS, AND DELIVER HEALTHIER OUTCOMES FOR THE POPULATIONS THEY SERVE. WAI IS SUPPORTED BY A NEARLY $66 MILLION AWARD FROM THE CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC) THROUGH A PARTNERSHIP WITH THE ASSOCIATION OF PUBLIC HEALTH LABORATORIES AND IS DESIGNED TO SUPPORT CDC'S PUBLIC HEALTH DATA STRATEGY. AS OF JUNE 30, 2025, 49 PHAS WERE SELECTED AND MORE THAN 125 WAI PLACEMENTS WERE HIRED. ADDITIONAL PHAS AND TECHNICAL EXPERTS, FROM DATA SCIENTISTS TO ENGINEERS, ARE BEING RECRUITED AS THE WAI PROGRAM CONTINUES TO CHART A PATH FOR BETTER OUTCOMES IN PUBLIC HEALTH. |
| FORM 990, PART III, LINE 4D, PROGRAM SERVICE ACCOMPLISHMENTS: | THE CDC FOUNDATION, WORKING IN COLLABORATION WITH THE PUBLIC HEALTH SYSTEM, INCLUDING CDC, SPENDS MOST OF ITS FUNDS DIRECTLY FOR PROGRAMS AND PROJECTS THAT FURTHER ITS EXEMPT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2025, OTHER PROGRAMS INCLUDED THOSE TO ADDRESS PUBLIC HEALTH EMERGENCIES; FOCUS ON CHRONIC DISEASE PREVENTION, INJURY AND VIOLENCE PREVENTION, AND OTHER SIMILAR HEALTH CHALLENGES; STRENGTHEN THE PUBLIC HEALTH SYSTEMS THROUGH MODERNIZING PUBLIC HEALTH SYSTEMS AND PROCESSES; AND ADVANCE A WIDE VARIETY OF OTHER CRITICAL PUBLIC HEALTH PROTECTION EFFORTS. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF UP TO SEVEN (7) VOTING MEMBERS: THE CHAIR, THE VICE CHAIR, THE SECRETARY, THE TREASURER, THE PAST CHAIR AND THE CHAIRS OF THE NOMINATING COMMITTEE AND THE ADVANCEMENT COMMITTEE. THE VICE CHAIR AND PAST CHAIR TERMS DO NOT OCCUR AT THE SAME TIME AND AS SUCH DO NOT PARTICIPATE IN EXECUTIVE COMMITTEE AT THE SAME TIME LEAVING UP TO SIX (6) VOTING MEMBERS DURING ANY GIVEN MEETING. THE PRESIDENT OF THE CORPORATION SHALL SERVE AS A NON-VOTING MEMBER OF THE COMMITTEE. THE COMMITTEE SHALL HAVE THE AUTHORITY TO ACT FOR THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD WHEN THE CHAIR DETERMINES THAT SUCH ACTION IS NECESSARY AND, TO THAT END, SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD EXCEPT THE AUTHORITY: (I) TO APPROVE THE DISSOLUTION OR MERGER OF THE CORPORATION; (II) TO CAUSE THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (III) TO ELECT OR REMOVE DIRECTORS OR FILL VACANCIES ON THE BOARD OR ANY OF ITS COMMITTEES; (IV) TO ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; OR (V) TAKE ANY OTHER ACTION WHICH BY LAW MAY NOT BE DELEGATED TO A COMMITTEE. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AT ITS NEXT REGULAR MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY THE FOUNDATION'S PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH KEY ACCOUNTING STAFF AND OTHER MEMBERS OF MANAGEMENT OF THE CDC FOUNDATION. PRIOR TO ELECTRONIC FILING, KEY ACCOUNTING STAFF REVIEWED THE FORM 990 WITH THE FOUNDATION'S CEO/PRESIDENT, VP OF STRATEGIC OPERATIONS, GENERAL COUNSEL AND VICE PRESIDENT OF LEGAL AFFAIRS, AND CHIEF COMMUNICATIONS OFFICER. IN ADDITION, THE FORM 990 WAS SENT TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW, COMMENTS, AND QUESTIONS AND THEN GIVEN TO THE BOARD FOR THEIR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL MEMBERS OF THE BOARD ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE FOUNDATION MAINTAINS A COPY OF THE SIGNATURE INDICATING COMPLIANCE WITH THE RULES. LEGAL COUNSEL REVIEWS THE POLICY ANNUALLY WITH ALL BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 15 | AN INDEPENDENT, INTERNATIONAL HUMAN RESOURCES CONSULTING FIRM IS PROVIDED WITH ALL POSITION DESCRIPTIONS AND THAT FIRM PREPARES A SALARY STUDY INCLUDING MARKET VALUES FOR EACH POSITION AND RANGES FOR EVERY GRADE. THE EXECUTIVE COMMITTEE OF THE BOARD, CONSISTING OF THE CHAIR, TREASURER, SECRETARY, NOMINATING CHAIR, AND ADVANCEMENT CHAIR ARE PROVIDED WITH THE INFORMATION FROM THE CONSULTANT. THIS COMMITTEE REVIEWS THE PERFORMANCE OF THE PRESIDENT/CEO, SETS GOALS AND OBJECTIVES FOR THE FOLLOWING YEAR AND DETERMINES THE PRESIDENT'S COMPENSATION PACKAGE FOR THE FOLLOWING YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION POSTS THE PRIOR TEN YEARS OF 990S AND FORM 1023 ON ITS WEBSITE. THE FOUNDATION POSTS THE PRIOR THREE YEARS OF AUDITS ON ITS WEBSITE. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | WORKFORCE SOLUTIONS: PROGRAM SERVICE EXPENSES 732,492. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 732,492. NON-INFECTIOUS DISEASE: PROGRAM SERVICE EXPENSES 27,268,889. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,268,889. INFECTIOUS DISEASE: PROGRAM SERVICE EXPENSES 15,171,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,171,341. EMERGENCY RESPONSE: PROGRAM SERVICE EXPENSES 184,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,330. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,767,235. FUNDRAISING EXPENSES 354,546. TOTAL EXPENSES 2,121,781. |
| FORM 990, PART X, LINE 12, INVESTMENTS - OTHER SECURITIES | DURING THE YEAR, THE FOUNDATION'S ENDOWMENT LONG-TERM INVESTMENT STRATEGY EVOLVED TO INCLUDE A SMALL ALLOCATION TO ALTERNATIVE INVESTMENTS. THE INITIAL INVESTMENT INCLUDED A FOREIGN HEDGE FUND, WHICH TRIGGERED ADDITIONAL REPORTING AND DISCLOSURE IN THIS FORM 990 AND OTHERWISE, INCLUDING IN SCHEDULE F, STATEMENT OF ACTIVITIES OUTSIDE THE UNITED STATES, AND FORM 8865, RETURN OF US PERSONS WITH RESPECT TO CERTAIN FOREIGN PARTNERSHIPS. THESE ARE PASSIVE INVESTMENTS, MANAGED BY INDEPENDENT THIRD PARTIES. THE FOUNDATION HAS ESTABLISHED POLICIES AND PROCEDURES TO MONITOR AND OVERSEE SUCH INVESTMENTS. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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