Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $18,859,464

• 3 · Investment income

  total $16,080,471 · unrelated business -$728,581 · excluded $16,809,052

• 7a · Gross sales of assets other than inventory

  securities $78,135,472

• 7b · Less cost or other basis and sales expenses

  securities $68,921,664

• 7c · Gain or loss

  securities $9,213,808

• 7d · Net gain or loss

  total $9,213,808 · unrelated business $173,049 · excluded $9,040,759

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $17,292,429 · program services $17,292,429

• 11f · Fees: investment management

  total $3,304,042 · management and general $3,304,042

• 13 · Office expenses

  total $35,500 · management and general $35,500

• 20 · Interest

  total $2,820,841 · management and general $2,820,841

• 24a · Other expenses: CORPORATE SERVICES

  total $700,763 · management and general $700,763

• 24b · Other expenses: UBI TAXES

  total $121,135 · management and general $121,135

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $14,245,047 · end of year $7,701,831

• 7 · Other notes and loans receivable

  beginning of year $88,096,822 · end of year $90,064,454

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,250 · end of year $2,250

• 10a · Land, buildings and equipment: cost or other basis

  $0

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $258,794,437 · end of year $294,154,048

• 12 · Investments: other securities

  beginning of year $264,721,172 · end of year $283,642,784

• 15 · Other assets

  beginning of year $41,492,724 · end of year $58,092,122

• 17 · Accounts payable and accrued expenses

  beginning of year $726,817 · end of year $877,606

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $98,723,888 · end of year $98,869,729

• 25 · Other liabilities

  beginning of year $2,392,299 · end of year $5,502,299

• 27 · Net assets without donor restrictions

  beginning of year $527,743,569 · end of year $582,804,949

• 28 · Net assets with donor restrictions

  beginning of year $37,765,879 · end of year $45,602,906

The filer's explanations (Part III)

PART I, LINE 3:

MATHER FOUNDATION'S TOP MANAGEMENT'S COMPENSATION IS ESTABLISHED BY MATHER, AS THE COMPENSATION IS PAID BY MATHER (A RELATED ORGANIZATION). MATHER FOLLOWS PROCEDURES TO ESTABLISH THE "REBUTTABLE" PRESUMPTION OF REASONABLENESS DESCRIBED IN THE INCOME TAX REGULATIONS IN DETERMINING EXECUTIVE COMPENSATION. COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE, WHICH CONSISTS OF INDEPENDENT DIRECTORS WHO OBTAIN AND RELY ON APPROPRIATE DATA AS TO COMPARABILITY. OBJECTIVE EVIDENCE OF REASONABLENESS AND COMPARABILITY IS OBTAINED FROM INFORMATION PROVIDED BY AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT. DETERMINATION OF EXECUTIVE COMPENSATION INVOLVES BENCHMARKING WITH COMPARATIVE MARKET COMPENSATION DATA TO ENSURE THAT COMPENSATION IS FAIR, EQUITABLE, AND WITHIN THE STANDARDS OF COMPENSATION UTILIZED WITHIN THE INDUSTRY. COMPENSATION DECISIONS ARE DOCUMENTED AND REVIEWED WITH THE FULL BOARD.

PART I, LINE 4B:

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN MARY G. LEARY AND CAROL SUSSENBACH ARE PARTICIPANTS IN MATHER'S 457(F) PLANS. AS OF 2021, THE PLAN IS FROZEN AND NO LONGER ACCEPTING CONTRIBUTIONS. CAROL SUSSENBACH RECEIVED COMPENSATION FROM THE PLAN IN 2023.