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Nonprofiteer
← TEMPLETON FOUNDATION

Form 990 for tax year 2024

Filed by TEMPLETON FOUNDATION.

Totals

Total revenue
$7,145,150
Total expenses
$6,888,690
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,145,150
Investment income
$0
Other revenue
$0
Total assets, end of year
$48,047,812
Total liabilities, end of year
$18,379,659
Net assets or fund balances, end of year
$29,668,153
Program services expenses (Part IX)
$6,888,690
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,888,690

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Andrew Marietta

    Board Secretary

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Staci Thompson

    President

    Total calculated
    $878,927
    From this org
    $0
    From related orgs
    $866,810
    Other
    $12,117
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $826,810 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,117 related
    Filer's total
    $0 + $878,927 related

  • Douglas B Willies

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • James Patrick

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kevin Moore

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Peter J Hamilton

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Hanft

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Craig Faerber

    Treasurer (As of 12/24)

    Total calculated
    $524,460
    From this org
    $0
    From related orgs
    $524,460
    Other
    $0
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $524,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $524,460 related

  • Henry Weil MD

    Vice President

    Total calculated
    $851,976
    From this org
    $0
    From related orgs
    $809,687
    Other
    $42,289
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $735,627 related
    Bonus
    $0 + $74,060 related
    Other
    $0
    Deferred
    $0 + $31,206 related
    Nontaxable benefits
    $0 + $11,083 related
    Filer's total
    $0 + $851,976 related

  • Jeffrey Morgan

    Treasurer

    Total calculated
    $616,874
    From this org
    $0
    From related orgs
    $610,588
    Other
    $6,286
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,782 related
    Bonus
    $0 + $53,806 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,286 related
    Filer's total
    $0 + $616,874 related

  • Tommy Ibrahim MD

    Former President

    Total calculated
    $424,611
    From this org
    $0
    From related orgs
    $411,723
    Other
    $12,888
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $411,723 related
    Deferred
    $0 + $12,888 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $424,611 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION THE MARY IMOGENE BASSETT HOSPITAL (DBA BASSETT MEDICAL CENTER) PROVIDES THE COMPENSATION FOR THE OFFICERS AND DIRECTORS OF THE AFFILIATES, INCLUDING TEMPLETON FOUNDATION. BASSETT MEDICAL CENTER USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR SAID INDIVIDUALS: A) COMPENSATION COMMITTEE, B) INDEPENDENT COMPENSATION CONSULTANT, C) WRITTEN EMPLOYMENT CONTRACT, D) COMPENSATION SURVEY OR STUDY AND, E) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. THE TRUSTEES OF THE FOUNDATION DO NOT RECEIVE ANY COMPENSATION RELATED TO THEIR SERVICE ON THE BOARD. ANY COMPENSATION REPORTED TO TRUSTEES ON PART VII AND SCHEDULE J IS SOLELY DERIVED FROM THEIR SERVICES PROVIDED AT RELATED ORGANIZATIONS.
Schedule J, Part I, Line 4a Severance or change-of-control payment
TOMMY IBRAHIM, MD received a severance payment in the amount of $166,325 AND PTO PAYOUT IN THE AMOUNT OF $245,398. This amount is included in the total reported in column B(iii).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202513179349307656

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