THE ALSOP FAMILY FOUNDATION

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AFTER THE DEATH OF BOTH PARENTS OF THE PRESIDENT OF THE FOUNDATION IN 2014, CERTAIN ITEMS OF SIGNIFICANT VALUE, INCLUDING MUSICAL INSTRUMENTS, WERE SUPPOSED TO HAVE BEEN RECEIVED BY THE FOUNDATION BY BEQUEST FROM THEIR ESTATES IN 2015. THE ATTORNEY WHO WAS MANAGING THE ESTATES HAS NOT ACCOUNTED FOR ALL OF THE ESTATE ASSETS, AND HAD NOT DELIVERED THESE ASSETS TO THE FOUNDATION AS OF DECEMBER 31, 2015. THE CPA FOR THE FOUNDATION, MARY FIPPS, BEGAN WORKING WITH THE BOARD PRESIDENT TO COMPEL THE ATTORNEY TO PRODUCE INFORMATION AND/OR THE ASSETS THAT WERE SUPPOSED TO HAVE BEEN TRANSFERRED TO THE FOUNDATION. THE BOARD DELAYED FILING TO SEE IF THE ATTORNEY COULD PRODUCE PROOF OF THE TRANSFER OF OWNERSHIP OF THE ASSETS, AND THE ASSETS THEMSELVES. BECAUSE THE ATTORNEY WAS NOT FORTHCOMING WITH THE RECORDS, WE ATTEMPTED TO RECONSTRUCT THEM FROM INCOMPLETE DOCUMENTS PROVIDED BY THIRD PARTIES. IN EARLY 2017, DURING OUR REVIEW OF ESTATE RECORDS, IT BECAME CLEAR THAT THE ATTORNEY HAD EMBEZZLED CASH FROM THE ESTATES, AND PERSONAL PROPERTY HAD BEEN MISAPPROPRIATED. IN MAY OF 2017, THE BOARD HAD DECIDED TO GO AHEAD AND FILE THE RETURN WITHOUT INCLUDING THE VALUE OF THE PROMISED ASSETS IN THE FOUNDATION RECEIPTS FOR 2015. IF AND WHEN THE ASSETS ARE RECOVERED, THEY WILL BE INCLUDED IN THE RECEIPTS IN THEIR YEAR OF RECOVERY. UNFORTUNATELY, AT THAT TIME, MARY FIPPS, THE CPA WHO WAS PREPARING THE RETURN, WAS HOSPITALIZED FOR A SUDDEN ILLNESS, AND UNDERWENT ABDOMINAL SURGERY. AS SHE WAS RECOVERING, AND RETURNING TO WORK, HER FATHER WAS SERIOUSLY INJURED IN A FALL, RESULTING IN HIS DEATH. A STAFF MEMBER CONTINUED WITH THE PREPRATION OF THE RETURN, BUT ITS REVIEW AND COMPLETION HAD TO WAIT UNTIL HER RETURN TO WORK. HER UNAVOIDABLE ABSENCE FROM THE OFFICE HAS FURTHER DELAYED THE FILING OF THE RETURNS.

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Grant Size Distribution

Based on 132 grants on record

Geographic Distribution

Key Personnel

Grants Awarded (132 total)