EFTA01158664.pdf

Summary comparison of the Ford and Gates Foundations Gates Foundation Ford Foundation Not to exist in perpetuity. Goal is to spend all of its Timeline resources within 50 years after Bill and Melinda's Perpetual. deaths. Gates Foundation (grants): 529.9B.* Size 510.4B.** Gates Foundation Trust (investments): S29.78.* Foundation Type Private operating foundation. Private non-operating foundation. Tax Filing 990-PF. 990-PF. Two-entity structure: the Bill & Melinda Gates Foundation (grants) and the Bill & Melinda Gates Originally incorporated under the Michigan General Corporation Trust or corporate form Foundation Trust (investments). Both entities are Act. tax-exempt private foundations that are structured as charitable trusts. Closely-held; foundation grant-making trustees are Bill Gates, Melinda Gates, Bill Gates, Sr., and Warren Board currently consists of 12 trustees, majority of whom must be Trustee independence Buffett. Bill and Melinda are the only trustees of independent. the investment trust. Eight issue areas encompassing democratic and accountable government, economic fairness, educational opportunity and Global Development Program, Global Health Grant-making areas scholarship, freedom of expression, human rights, sexuality and Program, United States Program. reproductive health and rights, social justice philanthropy, sustainable development. Global Development Program Advisory Panel, Grant-making advice Global Health Program Advisory Panel, and United Regional program officers. States Program Advisory Panel. Management committee that oversees the Seven governing committees: Executive, Investment, Audit, Other governance foundation's efforts. CEO and nine division Management, Program, Proxy, and Membership. executives. • As of January 1, 2009 (from 990-PF tax filing) • • As of September 30, 2009 (from 990.PF tax filing) Additional sources: Gatesfoundation.org, Fordfoundation.org EFTA01158664 Important information IRS Circular 230 Disclosure: JPMorgan Chase & Co. andits affiliates In discussion of options and other strategies, results and risks are based solely on do not provide tax advice. Accordingly, any discussion of U.S. tax hypothetical examples cited; actual results and risks will vary depending on specific matters containedherein (including any attachments) is not intended circumstances. Investors are urged to consider carefully whether option or option- related products in general, as well as the products or strategies discussed herein or written to be used, and cannot be used, in connection with the are suitable to their needs. 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