Barack Obama Foundation Tax-Exempt Application June 21 2014

FORM IRS 1023
Form 1023 Checklist

(Revised December 2013)
Application for Recognition of Exemption under Section 501 (c)(3) of the
Internal Revenue Code
Note. Retain a copy of the completed Form 1023 in your permanent records. Refer to the General Instructions
regarding Public Inspection of approved applications.
Check each box to finish your application (Form 1023). Send this completed Checklist with your filled-in
application. If you have not answered all the items below, your application may be returned to you as
incomplete.
q3 Assemble the application and materials in this order:
Form 1023 Checklist
Form 2848, Power of Attorney and Declaration of Representative (if filing)
Form 8821, Tax Information Authorization (if filing)
Expedite request (if requesting)
Application (Form 1023 and Schedules A through H, as required)
Articles of organization
Amendments to articles of organization in chronological order
Bylaws or other rules of operation and amendments
Documentation of nondiscriminatory policy for schools, as required by Schedule B
Form 5768, Election/Revocation of Election by an, Eligible Section 501 (c)(3) Organization To Make
Expenditures To Influence Legislation (if filing)
All other attachments, including explanations, financial data, and printed materials or publications. Label
each page with name and EIN.
q3 User fee payment placed in envelope on top of checklist. DO NOT STAPLE or otherwise attach your check or
money order to your application. Instead, just place it in the envelope.
q3 Employer Identification Number (EIN)
q3 Completed Parts I through XI of the application, including any requested information and any required
Schedules A through H.
You must provide specific details about your past, present, and planned activities.
Generalizations or failure to answer questions in the Form 1023 application will prevent us from recognizing
you as tax exempt.
Describe your purposes and proposed activities in specific easily understood terms.
Financial information should correspond with proposed activities.
q3 Schedules. Submit only those schedules that apply to you and check either "Yes" or "No" below.
Schedule A Yes - No 'L Schedule E Yes - No
Schedule B Yes___ No -!L Schedule F Yes-No

Schedule C Yes - No Schedule G Yes .... . No
Schedule D Yes_ No '^ Schedule H Yes 3 No__._

q3 An exact copy of your complete articles of organization (creating document). Absence of the proper purpose
and dissolution clauses is the number one reason for delays in the issuance of determination letters.
Location of Purpose Clause from Part III, line 1 (Page, Article and Paragraph Number) Page 1, Article 5
Location of Dissolution Clause from Part 111, line 2b or 2c (Page, Article and Paragraph Number) or by
operation of state law Page 2, Article 6
q
3 Signature of an officer, director, trustee, or other official who is authorized to sign the application.
Signature at Part XI of Form 1023.
3q Your name on the application must be the same as your legal name as it appears in your articles of
organization.
Send completed Form 1023, user fee payment, and all other required information, to:
Internal Revenue Service

P.O. Box 192
Covington, KY 41012-0192
If you are using express mail or a delivery service, send Form 1023, user fee payment, and attachments to:

201 West Rivercenter Blvd.
Attn: Extracting Stop 312
Covington, KY 41011
F.. 2848
(Rev. March 2012)
Power of Attorney
and Declaration of Representative
OMB No. 1645-0150
For IRS Use Only
Received by:
Department of the Treasury
Internal Revenue Service Type or print See the separate instructions. Name
Part 1 Power of Attorney Telephone
Caution: A separate Form 2848 should be completed for each taxpayer. Form 2848 will not be honored Function
for any purpose other than representation before the IRS. Date
I Taxpayer Information. Taxpayer must sign and date this form on page 2, line 7.
Taxpayer name and address Taxpayer identification number(s)
The Barack Obama Foundation
700 13th Street NW, Ste 600 46-4950751
Daytime telephone number Plan number (if applicable)
Washington, DC 20005
202-654-6200
hereby appoints the following representative(s) as attorney(s)-in-fact:
2 Representative(s) must sign and date this form on page 2, Part 11.
Name and address CAF No. None
Robert F. Bauer PTIN P01783863
700 13th Street NW, Ste 600
Washington, DC 20005 Telephone No. _____ 202 .434-16 02
- - - - ---------------
Fax No. 202-65 4-6211
Check if to be sent notices and communications 0 heck i f new: Address q Telephone No. q Fax No. q
Name and address OAF No.
PTiN -----------------------------------------------------
Telephone No. ----------------------------------------
Fax No.
heck if to be sent notices and communications heck if new: Address q Telephone No. q Fax No. q
Name and address OAF No.
PTIN
Telephone No.
Fax No.
------------------------------------------------
Check if new: Address q Telephone No. q Fax No. []
to represent the taxpayer before the Internal Revenue Service for the following matters:
3 Matters
Description of Matterpncome, Employment, Payrot, Excise, Estate, Gift, Whistleblower, Tax Farm Number Year(s) or Period(s) (if applicable)
Practitioner Discipline, Pi P. FOIA, CM Penalty, etc.) (sea instructions for line 3) (1040, 941, 720, etc.) (if applicable) (see instructions for line 3)
Application for Recognition of Exemption 1023 2014
4 Specific use not recorded on Centralized Authorization File (CAF). If the power of attorney is for a specific use not recorded on CAF,
check this box. See the instructions for Line 4. Specific Uses Not Recorded on OAF . . . . . . . . . . . . ... Q
5 Acts authorized Unless otherwise provided below, the representatives generally are authorized to receive and inspect confidential tax
information and to perform any and all acts that I can perform with respect to the tax matters described on line 3, for example, the authority to
sign any agreements, consents, or other documents. The representative(s), however, is (are) not authorized to receive or negotiate any
amounts paid to the client in connection with this representation (including refunds by either electronic means or paper checks). Additionally,
unless the appropriate box(es) below are checked, the representative(s) is (are) not authorized to execute a request for disclosure of tax returns
or return information to a third party, substitute another representative or add additional representatives, or sign certain tax returns.
q Disclosure to third parties; Substitute or add representative(s); q Signing a return:
q Other acts authorized:

(see instructions for more information)
Exceptions. An unenrolled return preparer cannot sign any document for a taxpayer and may only represent taxpayers in limited situations.
An enrolled actuary may only represent taxpayers to the extent provided in section 10.3(d) of Treasury Department Circular No. 230 (Circular
230). An enrolled retirement plan agent may only represent taxpayers to the extent provided in section 10.3(e) of Circular 230. A registered tax
return preparer may only represent taxpayers to the extent provided in section 10.3(f) of Circular 230. See the line 5 instructions for restrictions
on tax matters partners. In most cases, the student practitioner's (level k) authority Is limited (for example, they may only practice under the
supervision of another practitioner).
List any specific deletions to the acts otherwise authorized In this power of attorney:
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For Privacy Act and Paperwork Reduction Act Notice, see the instructions. Cat. No. 11980) Form 2848 (Rev. 3-2012)
Fors 284 e6 (Rev. 3.2012) Page 2
6 Netentlon/revocation of prior power(s) of attorney. The filing of this power of attorney automatically revokes all earlier power(s) of
attorney on file with the internal Revenue Service for the same matters and years or periods covered by this document. If you do not want
to revoke a prior power of attorney, check here . . . . . . . . . . . . . . . . . . . . . . . . . . 0
YOU MUST ATTACH A COPY OF ANY POWER OF ATTORNEY YOU WANT TO REMAIN IN EFFECT.
T Signature of taxpayer. If a tax matter concerns a year In which a joint return was filed, the husband and wife must each file a separate power
of attorney even it the same representative(s) is (are) being appointed. if signed by a corporate officer, partner, guardian, tax matters partner,
executor, receiver, administrator, or trustee on behalf of the taxpayer, I certify that I have the authority to execute this form on behalf of the
taxpayer.
F NOT SIGNED AND DATED, THIS POWER OF ATTORNEY WILL BE RETURNED TO THE TAXPAYER.
Signature Date ' Title (if applicable)
Robbin Cohen
------------------------. _----------- ------------------------------ -- QqQq q -- -------- --_--------------------- -----------------------

Print Name PIN Number Print name of taxpayer from tine 1 if other than individual
jZ= Declarations of Re resentative

Under penalties of perjury, I declare that,
I am not currently under suspension or disbarment from practice before the Internal Revenue Service;
I am aware of regulations contained in Circular 230 (31 CFP, Part 10). as amended, concerning practice before the internal Revenue Service;
I am authorized to represent the taxpayer identified in Part I for the matter(s) specified there; and
i am one at the following:
a Attorney-a member in good standing of the bar of the highest court of the jurisdiction shown below.
b Certified Public Accountant-duly qualified to practice as a certified public accountant in the jurisdiction shown below.
c Enrolled Agent-enrolled as an agent under the requirements of Circular 230.
d Officer-a bona fide officer of the taxpayer's organization.
e Full-Tine Employee-a full-time employee of the taxpayer.
If Family Member-a member of the taxpayer's immediate family (for example, spouse, parent, child, grandparent, grandchild, step-parent, step-
child brother, or sister).
g Enrolled Actuary-enrolled as an actuary by the Joint Board for the Enrollment of Actuaries under 29 U.S.C. 1242 (the authority to practice before
the internal Revenue Service is limited by section 10.3(d) of Circular 230).
h Unenrolted Return Preparer-Your authority to practice before the internal Revenue Service is limited. You must have been eligible to sign the
return under examination and have signed the return. See Notice 2011-6 and Special rules for registered tax return preparers and unenrolled
return preparers in the Instructions.
I Registered Tax Return Preparer-registered as a tax return preparer under the requirements of section 10.4 of Circular 230. Your authority to
practice before the Internal Revenue Service is limited. You must have been eligible to sign the return under examination and have signed the
return. See Notice 2011-6 and Special rules for registered tax return preparers and unenrolied return preparers in the Instructions.
k Student Atto mey or CPA-receives permission to practice before the IRS by virtue of his/her status as a law, business, or accounting student
working In LITC or STOP under section 10.7(d) of Circular 230. See Instructions for Part It for additional information and requirements.
r Enrolled Retirement Plan Agent--enrolled as a retirement plan agent under the requirements of Circular 230 (the authority to practice before the
internal Revenue Service is limited by section 10.3(e)).
IF THIS DECLARATION OF REPRESENTATIVE IS NOT SIGNED AND DATED, THE POWER OF ATTORNEY WILL BE
RETURNED. REPRESENTATIVES MUST SIGN IN THE ORDER LISTED IN LINE 2 ABOVE. See the instructions for Part II.
Note: For designations d-t, enter your title, position, or relationship to the taxpayer In the 'Licensing jurisdiction' column. See the instructions for Part ii
for more information.
Bar, license, certification,

Licensing
Designation- registration, or enrollment
Insert above
(state) or other number Of applicable). Signature Date
licensing authority
letter (a-r) See instructions for Part II for
(if applicable)
more information.
r
a DC 938,902 q
Form 2848 (Rev. 3-20121

Form 1023
(Rev June 2006)
Application for Recognition of Exemption
Under Section 501(c)(3) of the Internal Revenue Code
(99) OMB No. 1545-0056
Note: If exempt status is
approved, this
Department of the Treasury application will be open
for public Inspection.
Use the instructions to complete this application and for a definition of all bold items. For additional help, call IRS Exempt
Organizations Customer Account Services toll-free at 1-877-829-5500. Visit our website at www.irs.gov for forms and
publications. If the required information and documents are not submitted with payment of the appropriate user fee, the
application may be returned to you.
Attach additional sheets to this application if you need more space to answer fully. Put your name and EIN on each sheet and
identify each answer by Part and line number. Complete Parts I - XI of Form 1023 and submit only those Schedules (A through
H) that apply to you.
Part I Identification of Applicant

1 Full name of organization (exactly as it appears in your organizing document) 2 c/o Name (if applicable)
The Barack Obama Foundation /o Perkins Collie LLP
3 Mailing address (Number and street) (see instructions) Room/Suite 4 Employer Identification Number (EIN)
70013th Street NW STE 600 46 _4950751
City or town, state or country, and ZIP + 4 5 Month the annual accounting period ends (01-12)
Washington, DC 20005 12
6 Primary contact (officer, director, trustee, or authorized representative)
a Name: b Phone: 2021434-1602
Robert F_ Bauer
c Fax: (optional)
7 Are you represented by an authorized representative, such as an attorney or accountant? If "Yes," J Yes
q q No
provide the authorized representative's name, and the name and address of the authorized
representative's firm. Include a completed Form 2848, Power of Attorney and Declaration of
Representative, with your application if you would like us to communicate with your representative.
8 Was a person who is not one of your officers, directors, trustees, employees, or an authorized q Yes 0 No
representative listed in line 7, paid, or promised payment, to help plan, manage, or advise you about
the structure or activities of your organization, or about your financial or tax matters? If "Yes,"
provide the person's name, the name and address of the person's firm, the amounts paid or
promised to be paid, and describe that person's role.
9a Organization's website: obamapresidentiatfoundation.org
b Organization's email: (optional)
10 Certain organizations are not required to file an information return (Form 990 or Form 990-EZ). If you q Yes 0 No
are granted tax-exemption, are you claiming to be excused from filing Form 990 or Form 990-EZ? If
"Yes," explain. See the instructions for a description of organizations not required to file Form 990 or
Form 990-EZ.
11 Date incorporated if a corporation, or formed, if other than a corporation. (MM/DD/YYYY) 1 / 31 /2014
12 Were you formed under the laws of a foreign country? q Yes 0 No

If "Yes," state the country.
For Paperwork Reduction Act Notice, see page 24 of the instructions. Cat. No. 17113K Form 1023 (Rev.6-2006)
Form 1023 (Rev. s-2oo6) Name: The Barack Obama Foundation EIN: 46-4950751 Page 2
Organizational Structure
You must be a corporation (including a limited liability corporation), an unincorporated association, or a trust to be tax exempt.
(See instructions). DO NOT file this form unless you can check "Yes" on lines 1, 2, 3, or 4.
I Are you a corporation? If "Yes," attach a copy of your articles of incorporation showing certification q
,/ Yes q No
of filing with the appropriate state agency. Include copies of any amendments to your articles and
be sure they also show state filing certification.
2 Are you a limited liability company (LLC)? If "Yes," attach a copy of your articles of organization showing q Yes q
f No
certification of filing with the appropriate state agency, Also, if you adopted an operating agreement, attach
a copy. Include copies of any amendments to your articles and be sure they show state filing certification.
Refer to the instructions for circumstances when an LLC should not file its own exemption application.
3 Are you an unincorporated association? If "Yes,` attach a copy of your articles of association, q Yes q
r No
constitution, or other similar organizing document that is dated and includes at least two signatures.
Include signed and dated copies of any amendments.
4a Are you a trust? If "Yes," attach a signed and dated copy of your trust agreement. Include signed q Yes RI No
and dated copies of any amendments.
b Have you been funded? If 'No," explain how you are formed without anything of value placed in trust q Yes q No
5 Nave you adopted bylaws? If "Yes," attach a current copy showing date of adoption. if "No," explain 0 Yes q No
how your officers, directors, or trustees are selected.
Part III Required Provisions in Your Organizing Document
The following questions are designed to ensure that when you file this application, your organizing document contains the required provisions
to meet the organizational test under Section 501(c)(3). Unless you can check the boxes in both lines I and 2, your organizing document
does not meet the organizational test. DO NOT fit* this application until you have amended your organizing document. Submit your
original and amended organizing documents (showing state filing certification if you are a corporation or an LLC) with your application.
1 Section 501(c)(3) requires that your organizing document state your exempt purpose(s), such as charitable, 0
religious, educational, and/or scientific purposes. Check the box to confirm that your organizing document
meets this requirement. Describe specifically where your organizing document meets this requirement, such as
a reference to a particular article or section in your organizing document. Refer to the instructions for exempt
purpose language. Location of Purpose Clause (Page, Article, and Paragraph): Page 1, Article 5
2a Section 501(c)(3) requires that upon dissolution of your organization, your remaining assets must be used exclusively RI
for exempt purposes, such as charitable, religious, educational, and/or scientific purposes. Check the box on line 2a to
confirm that your organizing document meets this requirement by express provision for the distribution of assets upon
dissolution. If you rely on state law for your dissolution provision, do not check the box on line 2a and go to line 2c.
2b If you checked the box on line 2a, specify the location of your dissolution clause (Page, Article, and Paragraph).
Do not complete line 2c if you checked box 2a. PPa a 2. Article 6
2c See the instructions for information about the operation of state law in your particular state. Check this box if
you rely on operation of state law for your dissolution provision and indicate the state:
Part IV Narrative Description of Your Activities
Using an attachment, describe your past, present, and planned activities in a narrative. If you believe that you have already provided some of
this information in response to other parts of this application, you may summarize that information here and refer to the specific parts of the
application for supporting details. You may also attach representative copies of newsletters, brochures, or similar documents for supporting
details to this narrative. Remember that if this application is approved, it will be open for public inspection. Therefore, your narrative
description of activities should be thorough and accurate. Refer to the instructions for information that must be included in your description.
Part V
Compensation and Other Financial Arrangements With Your Officers, Directors, Trustees,
Employees, and Independent Contractors
Is. List the names, titles, and mailing addresses of all of your officers, directors, and trustees. For each person listed, state their
total annual compensation, or proposed compensation, for all services to the organization, whether as an officer, employee, or
other position. Use actual figures, if available. Enter 'none" if no compensation is or will be paid. If additional space is needed,
attach a separate sheet. Refer to the instructions for information on what to include as compensation.
Compensation amount
Name Title Mailing address (annual actual or estimated)
Martin H. Nesbitt rector! airman 300 E. Randolph Street, Ste 4030 $0.00
,Chicago, IL 60601
John Kevin Poorman rector rest ent 300 N. LaSalle, Ste 1600 0.00
Chicago, IL 60654
David Plouffe DirectorNice resident/ ecretary 3612 Macomb Street NW - 0. 0
Robbin Cohen ice Presider reasurer WE Ra n o p Street, Ste $0.00
Chicago, IL 60601
Maya Soetoro-Ng Director n u ace, pt. p2201
anolulu, HI $6522
Form 1023 (Rev. 6-2006)
Form 1023 (Rev. 6-2006) Name: The Barack Obama Foundation EIN: 46-4950751 Page 3
Compensation and Other Financial Arrangements With Your Officers, Directors, Trustees,
Employees, and Independent Contractors (Continued
List the names, titles, and mailing addresses of each of your five highest compensated employees who receive or will
receive compensation of more than $50,000 per year. Use the actual figure, if available. Refer to the instructions for
information on what to include as compensation. Do not include officers, directors, or trustees listed in line Ia.
Compensation amount
Tustin Rosenthal Strategy & Finance s sociate 00 E Randolph Street. Ste 4030 $125,000.00
Chicago, IL 60601
C List the names, names of businesses, and mailing addresses of your five highest compensated independent contractors that
receive or will receive compensation of more than $50,000 per year Use the actual figure, if available. Refer to the instructions for
information on what to Include as compensation.
Compensation amount
ill 00 E Randolph Street 50,000.00
hicago, IL 60601
n SKDKnlckerb5cker
- 8th Street NW, Ste 600 $377,255.00
Smoot Tewes Group 18 Connecticut Ave NW, Ste 200 352,000.00
Washington. DC 20006
P erkins Cole LLP 00 13th Street NW, Ste 600 $99,000.00
YYashington,, DC 20005
The following 'Yes" or "No' questions relate to past, present, or planned relationships, transactions, or agreements with your officers, directors,
trustees, highest compensated employees, and highest compensated independent contractors listed in lines la, 1b, and 1c.
2a Are any of your officers, directors, or trustees related to each other through family or business relationships? q Yes No
If'Yes," identify the individuals and explain the relationship. .
b Do you have a business relationship with any of your officers, directors, or trustees other than through their
position as an officer, director, or trustee? If "Yes," identify the individuals and describe the business Yes q No
relationship with each of your officers, directors, or trustees.
c Are any of your officers, directors, or trustees related to your highest compensated employees or highest
compensated independent contractors listed on lines 1 b or 1 c through family or business relationships? If q Yes 0 No
"Yes," identify the individuals and explain the relationship.
3a For each of your officers, directors, trustees, highest compensated employees, and highest compensated
independent contractors listed on lines fa, 1b, or 1c, attach a list showing their name, qualifications, average
hours worked, and duties.
b Do any of your officers, directors, trustees, highest compensated employees, and highest compensated q Yes q3 No
independent contractors listed on lines I a, 1 b, or 1 c receive compensation from any other organizations,
whether tax exempt or taxable, that are related to you through common control? If "Yes," identify the
individuals, explain the relationship between you and the other organization, and describe the compensation
arrangement.
4 In establishing the compensation for your officers, directors, trustees, highest compensated employees, and
highest compensated independent contractors listed on lines 1a, 1b, and 1c, the following practices are
recommended, although they are not required to obtain exemption. Answer "Yes" to all the practices you use.
a Do you or will the individuals that approve compensation arrangements follow a conflict of interest policy? V Yes q No
b Do you or will you approve compensation arrangements in advance of paying compensation? Yes q No
c Do you or will you document in writing the date and terms of approved compensation arrangements? q3 Yes q No
Form 1023 (Rev. 6-2006)

Part V Compensation and Other Financial Arrangements With Your Officers, Directors, Trustees, Employees,
and Independent Contractors (Continued)
d Do you or will you record in writing the decision made by each individual who decided or voted on 2 Yes q No
compensation arrangements?
e Do you or will you approve compensation arrangements based on information about compensation paid by 3 Yes
q q No
similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys
compiled by independent firms, or actual written offers from similarly situated organizations? Refer to the
instructions for Part V, lines 1 a, 1 b, and 1c, for information on what to include as compensation.
f Do you or will you record in writing both the information on which you relied to base your decision and its q
^ Yes q No
source?
9 if you answered "No" to any item on lines 4a through 4f, describe how you set compensation that is reasonable
for your officers, directors, trustees, highest compensated employees, and highest compensated independent
contractors listed in Part V, lines 1 a, 1 b, and 1 c.
5a Have you adopted a conflict of Interest policy consistent with the sample conflict of interest policy in Yes q No
Appendix A to the instructions? If "Yes," provide a copy of the policy and explain how the policy has been
adopted, such as by resolution of your governing board. If "No," answer lines 5b and 5c.
b What procedures will you follow to assure that persons who have a conflict of interest will not have influence
over you for setting their own compensation?
c What procedures will you follow to assure that persons who have a conflict of Interest will not have influence
over you regarding business deals with themselves?
Note: A conflict of interest policy is recommended though it is not required to obtain exemption. Hospitals, see
Schedule C, Section I, line 14.
6a Do you or will you compensate any of your officers, directors, trustees, highest compensated employees, and 0 Yes q No
highest compensated independent contractors listed in lines la, 1 b, or 1 c through non-fixed payments, such
as discretionary bonuses or revenue-based payments? If "Yes," describe all non-fixed compensation
arrangements, including how the amounts are determined, who is eligible for such arrangements, whether you
place a limitation on total compensation, and how you determine or will determine that you pay no more than
reasonable compensation for services. Refer to the instructions for Part V, lines 1 a, 1 b, and 1 c, for information
on what to include as compensation.
b Do you or will you compensate any of your employees, other than your officers, directors, trustees, or your five q Yes No
highest compensated employees who receive or will receive compensation of more than $50,000 per year,
through non-fixed payments, such as discretionary bonuses or revenue-based payments? If "Yes," describe all
non-fixed compensation arrangements, including how the amounts are or will be determined, who is or will be
eligible for such arrangements, whether you place or will place a limitation on total compensation, and how you
determine or will determine that you pay no more than reasonable compensation for services. Refer to the
instructions for Part V, lines 1 a, 1 b, and 1 c, for information on what to include as compensation.
7a Do you or will you purchase any goods, services, or assets from any of your officers, directors, trustees, highest q Yes No
compensated employees, or highest compensated independent contractors listed in lines 1a, 1b, or 1c? If
"Yes," describe any such purchase that you made or intend to make, from whom you make or will make such
purchases, how the terms are or will be negotiated at arm's length, and explain how you determine or will
determine that you pay no more than fair market value. Attach copies of any written contracts or other
agreements relating to such purchases.
b Do you or will you sell any goods, services, or assets to any of your officers, directors, trustees, highest q Yes 3q No
compensated employees, or highest compensated independent contractors listed in lines 1 a, 1b, or lc? If
"Yes," describe any such sales that you made or intend to make, to whom you make or will make such sales,
how the terms are or will be negotiated at arm's length, and explain how you determine or will determine you
are or will be paid at least fair market value. Attach copies of any written contracts or other agreements relating
to such sales.
8a Do you or will you have any leases, contracts, loans, or other agreements with your officers, directors, trustees, Yes q3 No
highest compensated employees, or highest compensated independent contractors listed in lines 1a, 1 b, or
1 c? If "Yes," provide the information requested in lines 8b through 8f.
b Describe any written or oral arrangements that you made or intend to make.
c Identify with whom you have or will have such arrangements.
d Explain how the terms are or will be negotiated at arm's length.
e Explain how you determine you pay no more than fair market value or you are paid at least fair market value.
f Attach copies of any signed leases, contracts, loans, or other agreements relating to such arrangements.
9a Do you or will you have any leases, contracts, loans, or other agreements with any organization in which any of q Yes q3 No
your officers, directors, or trustees are also officers, directors, or trustees, or in which any individual officer,
director, or trustee owns more than a 35% interest? If "Yes," provide the information requested in lines 9b
through 9f.
Form 1023 (Rev. 6-2006)

Compensation and Other Financial Arrangements With Your Officers, Directors, Trustees, Employees,
and Independent Contractors (Continued)
b Describe any written or oral arrangements that you made or intend to make.
c Identify with whom you have or will have such arrangements.
d Explain how the terms are or will be negotiated at arm's length.
e Explain how you determine or will determine you pay no more than fair market value or that you are paid at
least fair market value.
f Attach a copy of any signed leases, contracts, loans, or other agreements relating to such arrangements.
Part VI Your Members and Other Individuals and Organizations That receive Benefits From You
The following "Yes" or "No" questions relate to goods, services, and funds you provide to individuals and organizations as part of your
activities. Your answers should pertain to past, present, and planned activities. (See instructions.)
I a In carrying out your exempt purposes, do you provide goods, services, or funds to individuals? q Yes q No
If "Yes," describe each program that provides goods, services, or funds to individuals.
b In carrying out your exempt purposes, do you provide goods, services, or funds to organizations? q Yes Q No
It "Yes," describe each program that provides goods, services, or funds to organizations.
2 Do any of your programs limit the provision of goods, services, or funds to a specific individual or group of [] Yes 0 No
specific individuals? For example, answer "Yes," if goods, services, or funds are provided only for a particular
individual, your members, individuals who work for a particular employer, or graduates of a particular school. If
"Yes," explain the limitation and how recipients are selected for each program.
3 Do any individuals who receive goods, services, or funds through your programs have a family or business q Yes 0 No
relationship with any officer, director, trustee, or with any of your highest compensated employees or highest
compensated independent contractors listed in Part V, lines 1a, 1b, and 1c? If "Yes' explain how these related
individuals are eligible for goods, services, or funds.
Part VII
The following 'Yes' or "No" questions relate to your history. (See instructions.)
1 Are you a successor to another organization? Answer "Yes," if you have taken or will take over the activities of q Yes 0 No
another organization; you took over 25% or more of the fair market value of the net assets of another
organization; or you were established upon the conversion of an organization from for-profit to non-profit status.
If "Yes," complete Schedule G.
2 Are you submitting this application more than 27 months after the end of the month in which you were legally q Yes W
formed? If "Yes," complete Schedule E.
Part Vlll I Your Specific Activities
The foilowing "Yes" or "No" questions relate to specific activities that you may conduct. Check the appropriate box. Your answers
should pertain to past, present, and planned activities. (See instructions.)
1 Do you support or oppose candidates in political campaigns in any way? If "Yes," explain. q Yes Z No
2a Do you attempt to influence legislation? If "Yes," explain how you attempt to influence legislation and complete q Yes I] No
line 2b. If "No," go to line 3a,
b Have you made or are you making an election to have your legislative activities measured by expenditures by q Yes q No
filing Form 5768? If "Yes," attach a copy of the Form 5768 that was already filed or attach a completed Form
5768 that you are filing with this application. If "No," describe whether your attempts to influence legislation are a
substantial part of your activities. Include the time and money spent on your attempts to influence legislation as
compared to your total activities.
3a Do you or will you operate bingo or gaming activities? If "Yes," describe who conducts them, and list all revenue q Yes q3 No
received or expected to be received and expenses paid or expected to be paid in operating these activities.
Revenue and expenses should be provided for the time periods specified in Part IX, Financial Data.
b Do you or will you enter into contracts or other agreements with individuals or organizations to conduct bingo or q Yes q3 No
gaming for you? If `Yes," describe any written or oral arrangements that you made or intend to make, identify
with whom you have or will have such arrangements, explain how the terms are or will be negotiated at arm's
length, and explain how you determine or will determine you pay no more than fair market value or you will be
paid at least fair market value. Attach copies or any written contracts or other agreements relating to such
arrangements.
C List the states and local jurisdictions, including Indian Reservations, in which you conduct or will conduct
gaming or bingo.
Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-20061 Name: The Barack Obama Foundation EIN: 46-4950751 Page 6
Part VIII Your Specific Activities (Continued)
4a Do you
y or will yyou undertake fundraising? If "Yes," check all the fundraisi rig programs you do or will conduct. W Yes q No
(See instructions.)
i mail solicitations
q J phone solicitations
q
q
r email solicitations q accept donations on your website
W personal solicitations q receive donations from another organization's website
q vehicle, boat, plane, or similar donations q government grant solicitations
0 foundation grant solicitations q Other
Attach a description of each fundraising program.
b Do you or will you have written or oral contracts with any individuals or organizations to raise funds for you? If q3 Yes q No
"Yes," describe these activities. Include all revenue and expenses from these activities and state who conducts
them. Revenue and expenses should be provided for the time periods specified In Part IX, Financial Data. Also,
attach a copy of any contracts or agreements.
c Do you or will you engage in fundraising activities for other organizations? If "Yes," describe these q Yes W No
arrangements. Include a description of the organizations for which you raise funds and attach copies of all
contracts or agreements,
d List all states and local jurisdictions in which you conduct fundraising. For each state or local jurisdiction listed,
specify whether you fundraise for your own organization, you fundraise for another organization, or another
organization fundraises for you-
a Do you or will you maintain separate accounts for any contributor under which the contributor has the right to Yes 3 No
advise on the use or distribution of funds? Answer Yes" if the donor may provide advice on the types of
investments, distributions from the types of investments, or the distribution from the donor's contribution
account. If 'Yes," describe this program, including the type of advice that may be provided and submit copies of
any written materials provided to donors-
5 Are you affiliated with a governmental unit? If "Yes," explain. Z Yes q No
6a Do you or will you engage in economic development? If "Yes," describe your program. q Yes 0 No
b Describe in full who benefits from your economic development activities and how the activities promote
exempt purposes.
7a Do or will persons other than your employees or volunteers develop your facilities? If "Yes," describe each q Yes q No
facility, the role of the developer, and any business or family relationship(s) between the developer and your
officers, directors, or trustees.
b Do or will persons other than your employees or volunteers manage your activities or facilities? If "Yes," 0 Yes q No
describe each activity and facility, the role of the manager, and any business or family relationship(s)
between the manager and your officers, directors, or trustees.
c If there is a business or family relationship between any manager or developer and your officers, directors, or
trustees, identify the individuals, explain the relationship, describe how contracts are negotiated at arm's
length so that you pay no more than fair market value, and submit a copy of any contracts or other
agreements.
8 Do you or will you enter into joint ventures, including partnerships or limited liability companies treated as q Yes W/ No
partnerships, in which you share profits and losses with partners other than section 501(c)(3) organizations?
If "Yes," describe the activities of these joint ventures in which you participate.
9a Are you applying for exemption as a childcare organization under section 501(k)? If "Yes," answer lines 9b
through 9d. If 'No,' go to line 10.
b Do you provide child care so that parents or caretakers of children you care for can be gainfully employed
(see instructions)? If "No," explain how you qualify as a childcare organization described in section 501(k).
c Of the children for whom you provide child care, are 85% or more of them cared for by you to enable their
parents or caretakers to be gainfully employed (see instructions)? If "No," explain how you qualify as a
childcare organization described in section 501(k).
d Are your services available to the general public? If "No," describe the specific group of people for whom your q Yes q No
activities are available. Also, see the instructions and explain how you qualify as a childcare organization
described in section 501(k).
10 Do you or will you publish, own, or have rights in music, literature, tapes, artworks, choreography, scientific 0 Yes q No
discoveries, or other intellectual property? If "Yes," explain. Describe who owns or will own any copyrights,
patents, or trademarks, whether fees are or will be charged, how the fees are determined, and how any items
are or will be produced, distributed, and marketed.
Form 1023 (Rev. 6-2006)

Form 1023 (Rev.6-20081 Name: The Barack Obama Foundation EIN: 46-4950751 Page 7
Part Vill Your Specific Activities (Continued)
11 Do you or will you accept contributions of., real property; conservation easements; closely held securities; 0 Yes q No
intellectual property such as patents, trademarks, and copyrights; works of music or art; licenses; royalties;
automobiles, boats, planes, or other vehicles; or collectibles of any type? If "Yes." describe each type of
contribution, any conditions imposed by the donor on the contribution, and any agreements with the donor
regarding the contribution.
12a Do you or will you operate in a foreign country or countries? If "Yes,' answer lines 12b through 12d. If "No," q Yes 0 No
go to line 13a.
b Name the foreign countries and regions within the countries in which you operate.
c Describe your operations in each country and region in which you operate.
d Describe how your operations in each country and region further your exempt purposes.
13a Do you or will you make grants, loans, or other distributions to organization(s)? If 'Yes," answer lines 13b q Yes FZI No
through 13g. If "No," go to line 14a.
b Describe how your grants, loans, or other distributions to organizations further your exempt purposes.
c Do you have written contracts with each of these organizations? If "Yes," attach a copy of each contract. q Yes q No
d Identify each recipient organization and any relationship between you and the recipient organization.
e Describe the records you keep with respect to the grants, loans, or other distributions you make.
f Describe your selection process, including whether you do any of the following:
(I) Do you require an application form? If "Yes," attach a copy of the form. q Yes q No
(ii) Do you require a grant proposal? If "Yes," describe whether the grant proposal specifies your q Yes q No
responsibilities and those of the grantee, obligates the grantee to use the grant funds only for the purposes
for which the grant was made, provides for periodic written reports concerning the use of grant funds,
requires a final written report and an accounting of how grant funds were used, and acknowledges your
authority to withhold and/or recover grant funds in case such funds are, or appear to be, misused.
9 Describe your procedures for oversight of distributions that assure you the resources are used to further your
exempt purposes, including whether you require periodic and final reports on the use of resources.
14a Do you or will you make grants, loans, or other distributions to foreign organizations? If "Yes," answer lines 14b q Yes q No
through 14f. If "No,' go to line 15.
b Provide the name of each foreign organization, the country and regions within a country in which each foreign
organization operates, and describe any relationship you have with each foreign organization.
c Does any foreign organization listed in line 14b accept contributions earmarked for a specific country or specific q Yes q No
organization? If "Yes," list all earmarked organizations or countries.
d Do your contributors know that you have ultimate authority to use contributions made to you at your discretion q Yes q No
for purposes consistent with your exempt purposes? If "Yes," describe how you relay this information to
contributors.
e Do you or will you make pre-grant inquiries about the recipient organization? If "Yes," describe these inquiries, q Yes q No
including whether you inquire about the recipient's financial status, Its tax-exempt status under the Internal
Revenue Code, its ability to accomplish the purpose for which the resources are provided, and other relevant
information.
f Do you or will you use any additional procedures to ensure that your distributions to foreign organizations are q Yes q No
used in furtherance of your exempt purposes? If "Yes," describe these procedures, including site visits by your
employees or compliance checks by Impartial experts, to verify that grant funds are being used appropriately.
Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-20061 Name: EIN: 46-4,950,751 Page 8
Part VIII Your Specific Activities (Continued)
15 Do you have a close connection with any organizations? If "Yes," explain. Yes q3 No
16 Are you applying for exemption as a cooperative hospital service organization under section q Yes qs No
501(e)? If "Yes," explain.
17 Are you applying for exemption as a cooperative service organization of operating educational q Yes q3 No
organizations under section 501(f)? If "Yes," explain.
18 Are you applying for exemption as a charitable risk pool under section 501(n)? If "Yes," explain. q Yes No
19 Do you or will you operate a school? If "Yes," complete Schedule B. Answer "Yes," whether you q Yes D No
operate a school as your main function or as a secondary activity,
20 Is your main function to provide hospital or medical care? If "Yes," complete Schedule C. Q Yes 0 No
21 Do you or will you provide low-income housing or housing for the elderly or handicapped? If q Yes 0 No
"Yes," complete Schedule F.
22 Do you or will you provide scholarships, fellowships, educational loans, or other educational grants to 0 Yes q No
individuals, including grants for travel, study, or other similar purposes? If "Yes," complete
Schedule H.
Note: Private foundations may use Schedule H to request advance approval of individual grant
procedures.
Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-2006) Name: The Barack Obama Foundation EIN: 46-495075,11 Page 9
Part IX Financial Data
or purposes o is schedule, ye`arsin existence refer to completed tax years. ence
in ax issor more years, coffi-pTeTeilhe- sc u e o the
most recent 4 tax years. If in existence more than 1 year but less than 4 years, complete the statements for each year in existence and
provide projections of your likely revenues and expenses based on a reasonable and good faith estimate of your future finances for a total of 3
years of financial information. If in existence less than 1 year, provide projections of your likely revenues and expenses for the current year and
the 2 following years, based on a reasonable and good faith estimate of your future finances for a total of 3 years of financial information. (See
Instructions.)
A. Statement of Revenues and Expenses
Type of revenue or expense Current tax year 3 prior tax years or 2 succeeding tax years
(a) From -- 2014 __ (b) From --_ 2Q15 __- (c) From -- 2016 (d) From -----------_ (el Provide Total for
To To (a) through (d)
To ----------- To -- -----------
I Gifts, grants, and contributions
received (do not include unusual
grants) 6,000,000 6,000,000 8,000,000 20,000,000
2 Membership fees received
3 Gross investment income Y_ -
4 Net unrelated business income
5 Taxes levied for your benefit
6 Value of services or facilities
furnished by a governmental unit
without charge (not including the
value of services generality furnished
to the public without charge)
3 --
d 7 Any revenue not otherwise listed
above or in lines 9-12 below
attach an itemized list)
8 Total of lines 1 through 7 6,000,000 6,000,000 8,000,00 20,000,000
9 Gross receipts from admissions,

merchandise sold or seevices
performed, or furnishing of
facilities in any activity that is
related to your exempt purposes
(attach itemized list)
10 Total of lines 8 and 9 6,000,000 6,000,000 8,000,00 20,000,000
11 Net gain or loss on sale of capital
assets (attach schedule and see
instructions)
12 Unusual grants
13 Total Revenue Add lines
10 through 12 6,000,000 6,000,000 8,000,000 20,000,000
14 Fundraising expenses 352,000 300,000 450,00
15 Contributions, gifts, grants, and
similar amounts paid out (attach
an itemized list)
16 Disbursements to or for the

benefit of members (attach an
itemized list)
17 Compensation of officers,
H directors, and trustees
18 Other salaries and wages 376,092 1,840,843 2,361,83
w 19 Interest expense
20 Occupancy (rent, utilities, etc.) 69,000 367,000 396,00
21 Depreciation and depletion
22 Professional fees 1,160,265 1,205,493 405,16 :.
23 Any expense not otherwise
classified, such as program . - `
services (attach itemized list) 757,518 1,069,683 890,00 = ..
24 Total Expenses Add lines
14 through 23 2,714,865 4,783,019 4,502,990
Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-2006) Name: The Barack Obama Foundation Eft 46-4950751 Page 10
Part IX Financial Data (Continued)
B. Balance Sheet (for your most recently completed tax year)
Assets
I Cash. I 852,186
2 Accounts receivable, net 2
3 Inventories 3
4 Bonds and notes receivable (attach an itemized list) 4
5 Corporate stocks (attach an itemized list)
6 Loans receivable (attach an itemized list) 6
7 Other investments (attach an Itemized list) . 7
8 Depreciable and depletable assets (attach an itemized list) 8
9 Land . . . . . . . . . 9
10 Other assets (attach an itemized list) . 10 0
11 Total Assets (add lines I through 10) . 11
Liabilities 852,185
12 Accounts payable . . . . . 12 268,000
13 Contributions, gifts, grants, etc, payable . 13
14 Mortgages and notes payable (attach an itemized list) 14
15 Other liabilities (attach an itemized list) . . . . . 15
16 Total Liabilities (add lines 12 through 15) 16 268,000
Fund Balances or Net Assets
17 Total fund balances or net assets . . . . . . . . . . . . . . . . . . . 17 584,184
1s Total Liabilities and Fund Balances or Net Assets (add lines 16 and 17) 18 852,184
19 Have there been any substantial changes in your assets or liabilities since the end of the period shown above? q Yes (] No
If "Yes," explain.
Part X Public Charity Status
Part X is designed to classify you as an organization that is either a private foundation or a public charity. Public charity status is
a more favorable tax status than private foundation status, if you are a private foundation, Part X is designed to further determine
whether you are a private operating foundation. (See instructions.)
Ia Are you a private foundation? If "Yes," go to line 1b. If'No," go to line 5 and proceed as instructed. If you are q Yes q
1 No
unsure, see the instructions.
b As a private foundation, section 508(e) requires special provisions in your organizing document in addition to
those that apply to all organizations described in section 501 (c)(3). Check the box to confirm that your
organizing document meets this requirement, whether by express provision or by reliance on operation of state
law. Attach a statement that describes specifically where your organizing document meets this requirement,
such as a reference to a particular article or section in your organizing document or by operation of state law.
See the instructions, including Appendix B, for information about the special provisions that need to be
contained in your organizing document. Go to line 2.
2 Are you a private operating foundation? To be a private operating foundation you must engage directly in the q Yes q No
active conduct of charitable, religious, educational, and similar activities, as opposed to indirectly carrying out
these activities by providing grants to individuals or other organizations. If "Yes," go to line 3. If "No," go to the
signature section of Part XI.
3 Have you existed for one or more years? If "Yes," attach financial information showing that you are a private q Yes q No
operating foundation; go to the signature section of Part XI. If "No," continue to line 4.
Have you attached either (1) an affidavit or opinion of counsel, (including a written affidavit or opinion from a q Yes q No
certified public accountant or accounting firm with expertise regarding this tax law matter), that sets forth facts
concerning your operations and support to demonstrate that you are likely to satisfy the requirements to be
classified as a private operating foundation; or (2) a statement describing your proposed operations as a
private operating foundation?
5 If you answered "No" to line 1a, indicate the type of public charity status you are requesting by checking one of
the choices below. You may check only one box.
The organization is not a private foundation because it is:
a 509(a)(1) and 170(b)(1)(A)(i)-a church or a convention or association of churches. Complete and attach
Schedule A.
b 509(a)(1) and 170(b)(1)(A)(ii)-a school. Complete and attach Schedule B. 13
c 509(a)(1) and 170(b)(1)(A)(iii)-a hospital, a cooperative hospital service organization, or a medical research
organization operated in conjunction with a hospital. Complete and attach Schedule C.
d 509(a)(3)-an organization supporting either one or more organizations described in line 5a through c, f, g, or h.
Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-2006) Name: The Barack Obama Foundation EIN: 46 -4950751 Page 11
Part X Public Charity Status (Continued
e 509(a)(4)-an organization organized and operated exclusively for testing for public safety,
f 509(a)(1) and 170(b)(1)(A)(iv)-an organization operated for the benefit of a college or university that is owned or
operated by a governmental unit.
g 509(a)(1) and 170(b)(1)(A)(vi)-an organization that receives a substantial part of its financial support in the form
of contributions from publicly supported organizations, from a governmental unit, or from the general public.
h 509(a)(2)-an organization that normally receives not more than one-third of its financial support from gross
investment Income and receives more than one-third of its financial support from contributions, membership
fees, and gross receipts from activities related to its exempt functions (subject to certain exceptions).
t A publicly supported organization, but unsure if it is described in 5g or 5h. The organization would like the IRS to
decide the correct status.
6 If you checked box g, h, or i in question 5 above, you must request either an advance or a definitive ruling by
selecting one of the boxes below. Refer to the instructions to determine which type of ruling you are eligible to receive.
a Request for Advance Ruling: By checking this box and signing the consent, pursuant to section 6501 (c)(4) of q
the Code you request an advance ruling and agree to extend the statute of limitations on the assessment of
excise tax under section 4940 of the Code: The tax will apply only if you do not establish public support status
at the end of the 5-year advance ruling period. The assessment period will be extended for the 5 advance ruling
years to 8 years, 4 months, and 15 days beyond the end of the first year. You have the right to refuse or limit
the extension to a mutually agreed-upon period of time or issue(s). Publication 1035, Extending the Tax
Assessment Period, provides a more detailed explanation of your rights and the consequences of the choices
you make. You may obtain Publication 1035 free of charge from the IRS web site at www.irs.gov or by calling
toll-free 1-800-829-3676. Signing this consent will not deprive you of any appeal rights to which you would
otherwise be entitled. If you decide not to extend the statute of limitations, you are not eligible for an advance
ruling.
Consent Fixing Period of Limitations Upon Assessment of Tax Under Section 4940 of the Internal Revenue Code
For Organization
(Signature of Officer, Director, Trustee, or other (Type or print name of signer) (Date)
authorized official)
(Type or print title or authority of signer)
For IRS Use Only
IRS Director, Exempt Organizations (Date)
b Request for Definitive Ruling: Check this box if you have completed one tax year of at least 8 full months and q
you are requesting a definitive ruling. To confirm your public support status, answer line 6b(i) if you checked box
g in line 5 above. Answer line 6b(ii) if you checked box h in line 5 above. If you checked box i in line 5 above,
answer both lines 6b(i) and (ii).
(i) (a) Enter 2% of line 8, column (e) on Part IX-A. Statement of Revenues and Expenses.
(b) Attach a list showing the name and amount contributed by each person, company, or organization whose q
gifts totaled more than the 2% amount. If the answer is 'None," check this box.
(Ii) (a) For each year amounts are included on lines 1, 2, and 9 of Part IX-A. Statement of Revenues and
Expenses, attach a list showing the name of and amount received from each disqualified person. If the
answer is "None," check this box. q
(b) For each year amounts are included on line 9 of Part IX-A. Statement of Revenues and Expenses, attach
a list showing the name of and amount received from each payer, other than a disqualified person, whose
payments were more than the larger of (1) 1% of line 10, Part IX-A. Statement of Revenues and
Expenses, or (2) $5,000. If the answer is "None," check this box. 13
7 Did you receive any unusual grants during any of the years shown on Part IX-A. Statement of q Yes 3q No
Revenues and Expenses? If "Yes," attach a list including the name of the contributor, the date and
amount of the grant, a brief description of the grant, and explain why it is unusual.
Form 1023 (Rev. 6-2006)

brm tO23 (Rev 62006) Name: The Barack Obama Foundation EIN: 46-4950751 Pale 12
Part Xi User Fee Information
You must occlude a user payment with this app lion. Itw^l .r no seed vdhout yourpaid user fee. If your average annual-gross
receipts have exceeded or will exceed $10,000 annually over a 4-year period, you most submit payment of $750. If your gross receipts
have not exceeded or will not exceed $10,000 annually over a 4-year period, the required user nee payment Is $300. See instructions for
Part Xl, for a definition of gross receipts over a 4-year period. Your check or money order must be made payable to the United States
Treasury. User fees are subject to change. Check our website at www.irs.gov and type "User Fee" in the keyword box, or cart Customer
Account Services at 1-877-829,500 for currant iMamatlat.
I Have your annual gross receipts averaged or are they expected to average not more than $10,000? q Yes 0 No
If "Yes, check the box on tine 2 and enclose a user fee payment of $300 (Subject to change-see above).
If "No," check the box on tine 3 and enclose a user fee payment of $750 (Subject to change--see above).
2 Check the box If you have enclosed the reduced user fee payment of $300 (Subject to mange). 11
3 Check the box if you have enclosed the user be payment of $750 (Subject to change). I]
t declare under the penalties of perjury that I am euthortaed to sign this app Haitian on behalf of the abovo orgenisstton and that t have examined this
application, Inaludh+q tha accompanying schedules and attachments, and to the bast of my knowledge It Is true, correct. and complete.
Please /,--c-
Sign ,
sign
'( rie(u^a o ^lfEce^; eetor-. ra'slee: br oCtie7aui17or-iz"ed
...... Cc ^.--- .___......_... -. 6. a^-!I -.._....
Here (type or print name of.signer) (Date)
official)
._^..... 7l! ................. ......
(Type or print title or authority of signer)
Reminder: Send the completed Form 1023 Checklist with your filled-in-application. Form 1023 (Rev. 0-2006)
Form 1023 (Rev.6-2006)

Farm 1023 (Rev. 12-2013) (00) Name: The Barack Obarna Foundation EiN: 46 _4950751 Page 25
Schedule H. Organizations Providing Scholarships, Fellowships, Educational Loans, or Other Educational
Grants to Individuals and Private Foundations Requesting Advance Approval of Individual Grant Procedures
Section I Names of individual recipients are not required to be listed in Schedule H.
Public charities and private foundations complete lines 1a through 7 of this section. See the
instructions to Part X if you are not sure whether you are a public charity or a private
foundation.
la Describe the types of educational grants you provide to individuals, such as scholarships, fellowships, loans, etc,
b Describe the purpose and amount of your scholarships, fellowships, and other educational grants and loans that you
award.
c If you award educational loans, explain the terms of the loans (interest rate, length, forgiveness, etc.).
d Specify how your program is publicized.
e Provide copies of any solicitation or announcement materials.
f Provide a sample copy of the application used.
2 Do you maintain case histories showing recipients of your scholarships, fellowships, educational Yes q No
loans, or other educational grants, including names, addresses, purposes of awards, amount of each
grant, manner of selection, and relationship (if any) to officers, trustees, or donors of funds to you? If
"No," refer to the instructions.
3 Describe the specific criteria you use to determine who is eligible for your program. (For example, eligibility selection
criteria could consist of graduating high school students from a particular high school who will attend college, writers of
scholarly works about American history, etc.)
4a Describe the specific criteria you use to select recipients. (For example, specific selection criteria could consist of prior
academic performance, financial need, etc.)
b Describe how you determine the number of grants that will be made annually.
c Describe how you determine the amount of each of your grants.
d Describe any requirement or condition that you impose on recipients to obtain, maintain, or qualify for renewal of a grant.
(For example, specific requirements or conditions could consist of attendance at a four-year college, maintaining a certain
grade point average, teaching in public school after graduation from college, etc.)
5 Describe your procedures for supervising the scholarships, fellowships, educational loans, or other educational grants.
Describe whether you obtain reports and grade transcripts from recipients, or you pay grants directly to a school under
an arrangement whereby the school will apply the grant funds only for enrolled students who are in good standing. Also,
describe your procedures for taking action if the terms of the award are violated.
6 Who is on the selection committee for the awards made under your program, including names of current committee
members, criteria for committee membership, and the method of replacing committee members?
7 Are relatives of members of the selection committee, or of your officers, directors, or substantial q Yes No
contributors eligible for awards made under your program? If "Yes," what measures are taken to
ensure unbiased selections?
Note. If you are a private foundation, you are not permitted to provide educational grants to disqualified
persons. Disqualified persons include your substantial contributors and foundation managers and
certain family members of disqualified persons.
Section II Private foundations complete lines 1 a through 4f of this section. Public charities do not
complete this section.
la If we determine that you are a private foundation, do you want this application to be q Yes q No q N/A
considered as a request for advance approval of grant making procedures?
b For which section(s) do you wish to be considered?
4945(g)(1)-Scholarship or fellowship grant to an individual for study at an educational institution q
4945(g)(3)-Other grants, including loans, to an individual for travel, study, or other similar q
purposes, to enhance a particular skill of the grantee or to produce a specific product
2 Do you represent that you will (1) arrange to receive and review grantee reports annually q Yes q No
and upon completion of the purpose for which the grant was awarded, (2) investigate
diversions of funds from their intended purposes, and (3) take all reasonable and
appropriate steps to recover diverted funds, ensure other grant funds held by a grantee
are used for their intended purposes, and withhold further payments to grantees until you
obtain grantees' assurances that future diversions will not occur and that grantees will
take extraordinary precautions to prevent future diversions from occurring?
3 Do you represent that you will maintain all records relating to individual grants, including q Yes q No
information obtained to evaluate grantees, identify whether a grantee is a disqualified
person, establish the amount and purpose of each grant, and establish that you
undertook the supervision and investigation of grants described in line 2?
Form 1023 (Rev. 12-2013)

Form 1023 (Rev. 12-2013) (00) Name: The Barack Obama Foundation e1N: 46 _ 4950751 page 26
Schedule H. Organizations Providing Scholarships, Fellowships, Educational Loans, or Other Educational
Grants to Individuals and Private Foundations Requesting Advance Approval of Individual Grant Procedures
(Continued)
Section ll Private foundations complete lines 1a through 4f of this section. Public charities do not
complete this section. (Continued)
4a Do you or will you award scholarships, fellowships, and educational loans to attend an q Yes q No
educational Institution based on the status of an individual being an employee of a
particular employer? If "Yes," complete lines 4b through 4f.
b Will you comply with the seven conditions and either the percentage tests or facts and q Yes q No
circumstances test for scholarships, fellowships, and educational loans to attend an
educational institution as set forth in Revenue Procedures 76-47, 1976-2 C.B. 670, and
80-39, 1980-2 C.B. 772, which apply to inducement, selection committee, eligibility
requirements, objective basis of selection, employment, course of study, and other
objectives? (See lines 4c, 4d, and 4e, regarding the percentage tests.)
c Do you or will you provide scholarships, fellowships, or educational loans to attend an Yes No N/A
educational institution to employees of a particular employer?
If "Yes," will you award grants to 10% or fewer of the eligible applicants who were q Yes q No
actually considered by the selection committee in selecting recipients of grants in that
year as provided by Revenue Procedures 76-47 and 80-39?
d Do you provide scholarships, fellowships, or educational loans to attend an educational q Yes q No N/A
institution to children of employees of a particular employer?
If "Yes," will you award grants to 25% or fewer of the eligible applicants who were q Yes q No
actually considered by the selection committee in selecting recipients of grants in that
year as provided by Revenue Procedures 76-47 and 80-39? If "No," go to line 4e.
e If you provide scholarships, fellowships, or educational loans to attend an educational q Yes q No N/A
institution to children of employees of a particular employer, will you award grants to 10%
or fewer of the number of employees' children who can be shown to be eligible for grants
(whether or not they submitted an application) In that year, as provided by Revenue
Procedures 76-47 and 80-39?
It "Yes," describe how you will determine who can be shown to be eligible for grants
without submitting an application, such as by obtaining written statements or other
information about the expectations of employees' children to attend an educational
institution. If "No," go to line 4f.
Note. Statistical or sampling techniques are not acceptable. See Revenue Procedure
85-51, 1985-2 C.B. 717, for additional information.
f If you provide scholarships, fellowships, or educational loans to attend an educational q Yes q No
institution to children of employees of a particular employer without regard to either the
25% limitation described in line 4d, or the 10% limitation described in line 4e, will you
award grants based on facts and circumstances that demonstrate that the grants will not
be considered compensation for past, present, or future services or otherwise provide a
significant benefit to the particular employer? If "Yes," describe the facts and
circumstances that you believe will demonstrate that the grants are neither compensatory
nor a significant benefit to the particular employer. In your explanation, describe why you
cannot satisfy either the 25% test described in line 4d or the 10% test described in line 4e.
Form 1023 (Rev. 12-2013)

Form 1023 Attachments
EIN 46-4950751
Part I, Line 7: Authorized Representative
Robert F. Bauer
Perkins Coie LLP
700 13th Street NW
Suite 600
Part IV: Narrative Description of Activities
The Barack Obama Foundation will both plan and develop a Presidential Center for future
activities, including the Presidential Library, a museum and a broader campus, and engage in
activities reflecting President Obama's values and priorities throughout his career in public
service: expanding economic opportunity, inspiring an ethic of American citizenship, and
promoting peace, justice and dignity throughout the world. The Foundation envisions a
Presidential Center that, through its mission, initiatives, and physical and virtual presence,
advances and interprets the themes of civic engagement, global perspective, health and wellness,
environmental stewardship, public education, a spirit of innovation, and will become an anchor
for economic development and cultivate a strong relationship with the library's surrounding
community.
Through the National Archives and Records Administration (NARA), the federal government
operates and maintains presidential libraries, which primarily serve as archival repositories and
museums in which the records and memorabilia of the former presidents are held and made
available to researchers. The Presidential Library system was created in 1939, when President
Franklin Roosevelt proposed the create of a federally maintained repository to house his
presidential papers and other historical materials. Roosevelt created a private foundation to raise
funds for the construction of a library building, which was then donated to the National Archives
for operation as a federal facility.
Congress codified this model in the Presidential Libraries Act of 1955. The Act outlined the
legal authority of the General Services Administration (GSA) Administrator to accept the gift of
a presidential archival depository and to maintain, operate, and protect it as part of the national
archives system. In 1986, Congress passed substantial amendments to the Act, intended to
reduce the size and operating costs of the libraries by requiring an endowment to the government
to offset the cost of the library, and establishing architectural and design standards that had to be
met before a library building would be accepted by the government.
Under the Presidential Libraries Act, the endowment must be 60% of the total costs of acquiring,
constructing, and installing the facility and its equipment; plus either 60% of the total costs of
acquiring the land (or another measure of the land's value that is mutually agreed upon by the
Archivist and donor) if the United States is taking title to the land; or 60% of the total costs to the
donor of any improvements to the land if the government is not taking title to it.
88996-9001 /LEG AL 1 20 1 27 1 01.5

EIN 46-4950751
The Foundation will serve as the vehicle by which the Presidential Library is constructed and, in
accordance with the statutory requirements described above, by which the endowment necessary
for NARA to operate the Presidential Library is created and funded. The Foundation anticipates
negotiating a joint use agreement with NARA in the future, which will outline the
responsibilities of both the Foundation and the government and will likely require the
Foundation to provide ongoing support for the activities of the Presidential Library.
Part V, Line 3a: Biographies & Duties of Officers, Directors, Trustees, Highest
Compensated Employees, and Highest Compensated Independent Contractors
A. Martin H. Nesbitt, Director/Chairman
1. Biography
Martin Nesbitt is a longtime friend of President Barack Obama and served as national treasurer
for his two presidential campaigns.
Nesbitt is a co-founder and co-CEO of The Vistria Group, a private equity firm. He also
currently serves on the Board of Directors of Jones Lang LaSalle, a global real estate company
based in Chicago, as well as on the Board of Directors of Norfolk Southern Corporation.
In addition, Nesbitt currently serves as a trustee of Chicago's Museum of Contemporary Art and
on the Board of Directors of the Noble Network of Charter Schools.
Nesbitt is the former CEO of The Parking Spot, a successful company that owns and manages
off-site airport parking lots around the country. He has also previously worked for LaSalle
partners, predecessor to Jones Lang LaSalle, and is the former Chairman of the Board of the
Chicago Housing Authority.
Nesbitt has a Master of Business Administration degree from the University of Chicago and a
Bachelor of Science degree and honorary doctorate from Albion College in Michigan.
2. Duties
Mr. Nesbitt spends approximately 10 hours a week on his duties. He attends meetings of the
Board of Directors, and performs all duties as prescribed by the Board from time to time. As
Chairman, he supervises all of the assets, business and affairs of the organization.
B. J. Kevin Poorman, Director/President
1. Biography
J. Kevin Poorman serves as the President and CEO of PSP Capital Partners and Executive
Chairman of Vi Senior Living. From 1988 to 2012, Mr. Poorman served as an officer and
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EIN 46-4950751
director of many businesses owned by interests and/or trusts for members of the extended
Pritzker family. Additionally, Poorman is the immediate past CEO of Pritzker Reality Group,
immediate past Chairman of the Board of Trustees of the Loyola University of New Orleans and
a director of The New Orleans Jazz Orchestra, Inc.
Previously, Poorman was a partner in the Dallas-based law firm of Johnson & Swanson, and he
remains a member of the American, Illinois and Texas Bar Associations. He received his
Bachelor of Science and Juris Doctor degrees from the University of Oklahoma, and graduated
from law school with highest honors.
2. Duties
Mr. Poorman spends 10 hours a week on his duties. He attends meetings of the Board of
Directors, provides oversight on contractual matters and performs all duties as prescribed by the
Board from time to time. As President, he supervises all of the assets, business and affairs of the
organization and performs all duties incident to the office of President.
C. David Plouffe, Director/Vice President/Secretary
1. Biography
Mr. Plouffe is a political strategist who is widely referred to as the "architect" of President
Obama's two presidential campaign victories. After serving as the campaign manager in the
2008 presidential election, Plouffe was an outside advisor to the President since his first day in
office. He served inside the White House as Senior Advisor to the President from 2011-2013.
Plouffe has won plaudits for the use of technology and pioneering new applications, his message
development and discipline, his management skills and his focus and competitiveness.
He has managed campaigns at all levels of politics, served as an award-winning producer of

television advertisements, served as a consultant to leading Fortune 500 companies and has been
a ubiquitous presence on national news shows.
Plouffe is the author of the New York Times best seller, The Audacity to Win: The Inside Story
and Lessons of'Barack Obama s Historic Victory and is a Contributor for ABC News and
Bloomberg Television. In 2013 he was inducted into the American Association of Political
Consultants' Hall of Fame.
Plouffe received his Bachelor's degree from the University of Delaware.
88996-0001 /LEGAL 120127101.5

EIN 46-4950751
2. Duties
Mr. Plouffe spends approximately 5 hours a week on his duties. He attends meetings of the
Board of Directors, and performs all duties as prescribed by the Board from time to time. He
supervises the keeping of records and performs all duties incident to the office of Secretary
D. Maya Soetoro-Ng, Director
1. Biography
Ms. Soetoro-Ng is currently a specialist for the Matsunaga Institute for Peace. She is the co-
founder of a nonprofit, Our Public School, which works to connect public schools to the
communities that surround them. She has co-created a program of peace education called Ceeds
of Peace, which has been implemented in Hawaii schools and communities. Soetoro-Ng has also
spoken widely about education for global competence. She has written a picture book entitled
Ladder to the Moon and is under contract to write a young adult novel entitled Yellowwood as
well as a book on peace education.
Previously, Soetoro-Ng worked as an Assistant Professor at the University of Hawai'i's College

of Education and taught in both private and public settings in New York City and Hawai'i. She
also worked as an Education Specialist at the East West Center, promoting international
educational exchange between Asia and the United States.
Soetoro-Ng received a Master's degree in Secondary Education from NYU's College of

Education and a PhD in Multicultural Education from the University of Hawaii.
2. Duties
Ms. Soetoro-Ng spends approximately 5 hours a week on her duties. She attends meetings of the
Board of Directors, and performs all duties as prescribed by the Board from time to time.
E. Robbin Cohen, Vice President/Treasurer
1. Biography
Ms. Cohen is the Acting Executive Director for The Barack Obama Foundation. In this role, she
is responsible for the oversight of all activities of the Foundation, including supervision of its
employees and consultants.
Ms. Cohen has over 28 years of experience in real estate and finance. She is the owner and
operator of Cohen Investment Group, LLC, a real estate investment company targeting Chicago
multifamily acquisitions and developments. Her most recent corporate position was as President
of Pritzker Realty Group (PRG). She was instrumental in the creation and organization of PRG,
and during her 21 year tenure led efforts in the acquisition, development, financing, management
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88996-0001 /LEGAL 120127101.5

EIN 46-4950751
and disposition of over $5 billion in assets including multifamily, mixed use land development,
office and retail.
Ms. Cohen received her Bachelors in Business Administration from the University of Michigan,
and is a Certified Public Accountant. She is a board member and past Chair of the Finance
Committee at the Bernard Zell Anshe Emet Day School.
2. Duties
Ms. Cohen spends approximately 40 hours a week on her duties. As Treasurer, she oversees the
financial operations of the organization, supervises the staff's administration of such financial
operations and performs all of the duties incident to the office of Treasurer.
F. Justin Rosenthal, Strategy & Finance Associate
1. Biography
Prior to joining The Barack Obama Foundation, Mr. Rosenthal spent 3 years as a consultant for
McKinsey & Company, a global management consulting firm. Mr. Rosenthal most recently
served as an Agriculture Fellow, a self-created position. In the role, Mr. Rosenthal advised
Fortune 500 companies across the agriculture value chain, financial institutions on agriculture
investment opportunities and governments and foundations on food security initiatives.
Mr. Rosenthal has a Bachelor of Arts in Political Science from the University of North Carolina
at Chapel Hill, graduating with Highest Distinction and as a member of Phi Beta Kappa.
2. Duties
Mr. Rosenthal spends approximately 40 hours a week on his duties. As the Strategy &
Finance Associate, Mr. Rosenthal's responsibilities include guiding the design and
implementation of the organization's strategy and supporting the organization in all
operating activities.
G. JLL
1. Company Description
JLL (Jones Lang LaSalle) is a financial and professional services firm that specializes in
commercial real estate. JLL is headquartered in Chicago with approximately 200 offices
worldwide. Its real estate services include agency leasing, property management, facilities
management and construction.
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EIN 46-4950751
2. Duties
The Foundation has engaged JLL to advise the Foundation in the selection of the host city and
sponsoring organizations to house the Barack Obama Presidential Library. JLL will help
coordinate a two-step selection process consisting of a Requirements for Qualifications (RFQ)
and a Requirements for Proposal (RFP). As part of the process, JLL will undertake a detailed
review of each submission, coordinate site visits, present findings in a synthesized, objective
report to Foundation leadership and support the Foundation's final site-specific negotiations.
H. SKDKnickerbocker (SKDK)
SKDK is a nationally recognized strategic communications consulting firm with offices in

Washington D.C., New York City, and Albany. SKDK brings unparalleled strategic
communications experience to Fortune 500 companies, political groups and candidates, non-
profits, and labor organizations.
2. Duties
The Foundation has engaged SKDK to develop and implement the Foundation's
communications strategy, to provide public relations and strategic communications services, to
serve as the official spokesperson for the Foundation, and to designate and develop the
Foundation's website.
1. Smoot Tewes Group (STG)
Launched in 2013, The Smoot Tewes Group (STG) is a fully integrated political and public
affairs consulting firm. STG's services include strategic counsel, issue and campaign
management, communications, development and fundraising, campaign operations, digital
strategy, event management and grasstops and grassroots engagement.
2. Duties
The Foundation has engaged STG to work with the Foundation to design the fundraising strategy
and coordinate and execute all fundraising efforts. STG will identify and engage potential
donors, conduct public records vets on donors, collect and organize donor information for
disclosure purposes and maintain comprehensive records of all donor interactions.
88996-0001 /LEGAL 120127101.5

EIN 46-4950751
J. Perkins Coie
Perkins Coie is an international law firm founded in 1912, and headquartered in Seattle,
Washington. It has more than 950 lawyers in 19 offices across the United States and Asia. Its
practices include Nonprofit Organizations, State & Local Tax, and Emerging Companies &
Venture Capital Intellectual Property.
2. Duties
The Foundation has engaged Perkins Coie for certain legal services, including filing all
paperwork to establish the Foundation, ensuring compliance with local, state, and federal statutes
as to non-profit status and the ability to conduct business, and meeting requirements in planning
and developing the Presidential Library.
Part V, Line 5a: Conflict of Interest
The Barack Obama Foundation's Conflict of Interest policy was adopted via a resolution of the
Board and is attached.
Part V, Line 6a: Non-fixed Payment Compensation
A. Justin Rosenthal
Justin Rosenthal will be eligible to receive an annual performance bonus of up to 25 percent

($25,000). Robbin Cohen will conduct a semi-annual review of Mr. Rosenthal's performance to
decide whether to issue the discretionary bonus.
B. Smoot Tewes Group (STG)
STG will be eligible to receive an annual discretionary bonus ranging from $100,000 to
$250,000 based upon overall performance. The board will ultimately decide whether to issue the
discretionary bonus. Deciding factors include whether STG met the Foundation board's annual
fundraising targets.
Part VIII, Line 4a: Fundraising
Directors or officers of the Foundation will either meet in person with donors or the Foundation
will utilize direct mail, phone solicitation, email solicitation and the website for fundraising
purposes. The Foundation also plans to engage in the solicitation of private foundations.
88996-0001 /LEGAL 120127 10 L5

EIN 46-4950751
Part VIII, Line 4b: Fundraising
The Barack Obama Foundation is entering into a contract with Smoot Tewes Group to raise
funds, but the terms of the contract have not yet been finalized.
Part VIII, Line 4d: Fundraising
The Barack Obama Foundation will conduct fundraising in multiple states, but has not yet
determined which states.
Part VIII, Line 5: Affiliation with Governmental Unit
In accordance with the statutory requirements outlined in the Presidential Libraries Act, The
Barack Obama Foundation will raise funds to support the endowment necessary for NARA to
operate the Presidential Library. The Foundation anticipates negotiating a joint use agreement
with NARA in the future, which will outline the responsibilities of both the Foundation and the
government and will likely require the Foundation to provide ongoing support for the activities
of the Presidential Library.
Part VIII, Line 7A: Facility Development
The Barack Obama Foundation Board of Directors has committed to a library site selection
process that is intended to be fair and transparent in keeping with the President's longstanding
commitment to openness. The Foundation has released a Request for Qualifications (RFQ) and
has asked for submissions by June 16, 2014. During the summer of 2014, the Foundation will
select the parties who will receive a Request for Proposals (RFP). Those proposals will then be
evaluated and discussed, and the Foundation intends to make a final announcement in early
2015.
Part VIII, Line 7B: Facility Management
NARA will be responsible for operating and managing some portion the Presidential Library.
The Foundation expects that it will continue to operate and manage at least part of the
Presidential Library.
Part VIII, Line 10: Intellectual Property
The copyright to any materials developed for or on behalf of the Foundation will be owned by
The Barack Obama Foundation.
Part VIII, Line 11: Contribution Acceptance
The Barack Obama Foundation anticipates that it will accept contributions of all kinds, including
contributions of real property, works of music or art, licenses and other collectibles.
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EIN 46-4950751
Part VIII, Line 22: Scholarships, Fellowships, Educational Grants
Schedule H, Section 1: The Barack Obama Foundation anticipates that it will provide
scholarships, fellowships or grants to individuals to participate in programs run by the
Foundation. Eligibility will depend on each particular program, but in all cases participants will
be selected by a committee specifically convened for this purpose. The committee will award
scholarships, fellowships and grants solely based on merit and will observe the Foundation's
policy that no scholarships, fellowships or grants will be awarded to family members of officers,
directors, employees or substantial contributors.
88996-000 I /LEGAL 120127101.5

EIN 46-4950751
Part IX, Line 23: Other Expenses
Insurance $100,000 $150,000 $156,000

Marketin and Identity $57,000
Miscellaneous Expenses $258,333 $550,833 $519,000
Technolo $167,818 $138,000 $150,000
Events, Travel & Entertainment $94,367 $70,850 $65,000
Furniture and Fixtures $80,000 $160,000
TOTAL: $757,518 $1,069,683 $890,000
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88996-0001/LEGAL 120127101.5
EIN 46-4950751
THE BARACK OBAMA FOUNDATION
CONFLICTS OF INTEREST POLICY
A. Purpose
The purpose of the Conflicts of Interest Policy (the "policy") is to protect the interests of the
organization when it is contemplating entering into a transaction or arrangement that might
benefit the private interest of an officer or Director of the organization or might result in a
possible excess benefit transaction. This policy is intended to supplement, but not replace, any
applicable state and federal laws governing conflicts of interest applicable to nonprofit and
charitable organizations.
B. Definitions
1. Interested Person
Any Director, principal officer, or member of a committee with governing board-delegated

powers, who has a direct or indirect financial interest, as defined below, is an interested person.
2. Financial Interest
A person has a financial interest if the person has, directly or indirectly, through business,
investment, or family:
a. An ownership or investment interest in any entity with which the

organization has a transaction or arrangement;
b. A compensation arrangement with the organization or with any entity or

individual with which the organization has a transaction or arrangement;
or
c. A potential ownership or investment interest in, or compensation

arrangement with, any entity or individual with which the organization is
negotiating a transaction or arrangement.
Compensation includes direct and indirect remuneration, as well as gifts or favors that are not
insubstantial.
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EIN 46-4950751
A financial interest is not necessarily a conflict of interest. Under procedures outlined below, a
person who has a financial interest may have a conflict of interest only if the appropriate
governing board or committee decides that a conflict of interest exists.
C. Procedures
1. Duty to Disclose
In connection with any actual or possible conflict of interest, an interested person must disclose
the existence of the financial interest and be given the opportunity to disclose all material facts to
the Directors and members of committees with governing board-delegated powers considering
the proposed transaction or arrangement.
2. Determining Whether a Conflict of Interest Exists
After disclosure of the financial interest and all material facts, and after any discussion with the
interested person, he or she shall leave the governing board or committee meeting while the
determination of a conflict of interest is discussed and voted upon. The remaining board or
committee members shall decide if a conflict of interest exists.
3. Procedures for Addressing the Conflict of Interest
a. An interested person may make a presentation at the governing board or

committee meeting, but after the presentation, he or she shall leave the
meeting during the discussion of and the vote on the transaction or
arrangement involving the possible conflict of interest.
b. The chairperson of the governing board or committee shall, if appropriate,

appoint a disinterested person or committee to investigate alternatives to
the proposed transaction or arrangement.
c. After exercising due diligence, the governing board or committee shall

determine whether the organization can obtain with reasonable efforts a
more advantageous transaction or arrangement from a person or entity that
would not give rise to a conflict of interest.
d. If a more advantageous transaction or arrangement is not reasonably

possible under circumstances not producing a conflict of interest, the
governing board or committee shall determine by a majority vote of the
disinterested Directors whether the transaction or arrangement is in the
organization's best interest, for its own benefit, and whether it is fair and
reasonable. In conformity with the above determination, it shall make its
decision as to whether to enter into the transaction or arrangement.
D. Violations of the Policy
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EIN 46-4950751
1 If the governing board or committee has reasonable cause to believe a Director,

principal officer or member of a committee has failed to disclose actual or
possible conflicts of interest, it shall inform such person of the basis for such
belief and afford the person an opportunity to explain the alleged failure to
disclose.
2. If, after hearing the Director's, principal officer's or member's response and after
making further investigation as warranted by the circumstances, the governing
board or committee determines such person has failed to disclose an actual or
possible conflict of interest, it shall take appropriate disciplinary and corrective
action.
E. Records of Proceedings
The minutes of the governing board and all committees with board-delegated powers shall
contain:
1 The names of the persons who disclosed or otherwise were found to have a
financial interest in connection with an actual or possible conflict of interest, the
nature of the financial interest, any action taken to determine whether a conflict of
interest was present, and the governing board or committee's decision as to
whether a conflict of interest in fact existed.
2. The names of the persons who were present for discussions and votes relating to
the transaction or arrangement, the content of the discussion, including any
alternatives to the proposed transaction or arrangement, and a record of any votes
taken in connection with the proceedings.
F. Compensation
1. A voting member of the governing board who receives compensation, directly or

indirectly, from the organization for services is precluded from voting on matters
pertaining to that member's compensation.
2. A voting member of any committee whose jurisdiction includes compensation

matters and who receives compensation, directly or indirectly, from the
organization for services is precluded from voting on matters pertaining to that
member's compensation.
3. No voting member of the governing board or any committee whose jurisdiction

includes compensation matters and who receives compensation, directly or
indirectly, from the organization, either individually or collectively, is prohibited
from providing information to any committee regarding compensation.
G. Annual Statements
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Each Director, principal officer and member of a committee with governing board-delegated
powers shall annually sign a statement which affirms such person:
I. Has received a copy of the policy;
2. Has read and understands the policy;
3. Has agreed to comply with the policy; and
4. Understands that the organization is charitable, and that in order to maintain its
federal tax exemption, it must engage primarily in activities that accomplish one
or more of its tax-exempt purposes.
H. Periodic Reviews
To ensure that the organization operates in a manner consistent with charitable purposes and
does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be
conducted. The periodic reviews shall, at a minimum, include the following subjects:
1. Whether compensation arrangements and benefits are reasonable, based on

competent survey information and the result of arm's length bargaining.
2. Whether partnerships, joint ventures, and arrangements with management

organizations conform to the organization's written policies, are properly
recorded, reflect reasonable investment or payments for goods and services,
further charitable purposes and do not result in inurement, impermissible private
benefit or an excess benefit transaction.
1. Use of Outside Experts
When conducting the periodic reviews as provided for in this policy, the organization may, but
need not, use outside advisors. If outside experts are used, their use shall not relieve the
governing board of its responsibility for ensuring that periodic reviews are conducted.
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Initial File #: N00004866620
GOVERNMENT OF THE DISTRICT OF COLUMBIA

DEPARTMENT OF CONSUMER AND REGULATORY AFFAIRS
CORPORATIONS DIVISION
CERTIFICATE
THIS IS TO CERTIFY that all applicable provisions of the District of Columbia Business
Organizations Code have been complied with and accordingly, this CERTIFICATE OF
INCORPORATION is hereby issued to:
BARACK H. OBAMA FOUNDATION
Effective Date: 1/31/2014
IN WITNESS WHEREOF I have hereunto set my hand and caused the seal of this office to be
affixed as of 1/3112014 12:58 PM
Business and Professional Licensing Administration
PATRICIA E. GRAYS
Superintendent of Corporations
Corporations Division
Vincent C. Gray
Mayor
Tracking #: 9sls5dwq
ARTICLES OF INCORPORATION
OF DOMESTIC NONPROFIT CORPORATION
The person acting as the incorporator under the provisions of Title 29 of the
D.C. Code adopts the following Articles of Incorporation:
ARTICLE 1. NAME
The name of this Corporation is the Barack H. Obama Foundation.
ARTICLE 2. MEMBERS
This Corporation shall have no members.
ARTICLE 3. REGISTERED AGENT'S NAME AND ADDRESS
The name and address of this Corporation's initial registered agent is C T

Corporation System, 1015 15th Street, NW, Suite 1000, Washington, DC 20005.
ARTICLE 4. NONPROFIT INCORPORATION
This Corporation is incorporated as a nonprofit corporation under D.C. Code

Title 29, Chapter 4.
ARTICLE 5. PURPOSE
Section (a):
This Corporation is organized exclusively for charitable, religious, educational,

and scientific purposes, including, for such purposes, the making of distributions to
organizations that qualify as exempt organizations under section 501(c)(3) of the
Internal Revenue Code, or the corresponding section of any future federal tax code.
DCRA Corp. Div.

JAN 1 12014
FlLE COPY
LEGAL28547859.1
Section (b):
No part of the net earnings of this Corporation shall inure to the benefit of, or
be distributable to its members, trustees, officers, or other private persons, except that
this Corporation shall be authorized and empowered to pay reasonable compensation
for services rendered and to make payments and distributions in furtherance of the
purposes set forth this Article. No substantial part of the activities of this Corporation
shall be the carrying on of propaganda, or otherwise attempting to influence
legislation, and this Corporation shall not participate in, or intervene in (including the
publishing or distribution of statements) any political campaign on behalf of or in
opposition to any candidate for public office. Notwithstanding any other provision of
these articles, this Corporation shall not carry on any other activities not permitted to
be carried on (a) by a corporation exempt from federal income tax under section
501(c)(3) of the Internal Revenue Code, or the corresponding section of any future
federal tax code, or (b) by a corporation, contributions to which are deductible under
section 170(c)(2) of the Internal Revenue Code, or the corresponding section of any
future federal tax code.
ARTICLE 6. DISSOLUTION
Upon the dissolution of this Corporation, assets shall be distributed for one or
more exempt purposes within the meaning of section 501 (c)(3) of the Internal
Revenue Code, or the corresponding section of any future federal tax code, or shall be
distributed to the federal government, or to a state or local government, for a public
purpose. Any such assets not so disposed of shall be disposed of by a court of
competent jurisdiction of the county in which the principal office of the corporation is
then located, exclusively for such purposes or to such organization or organizations, as
said court shall determine, which are organized and operated exclusively for such
purposes.
LEGAL28547859.1
ARTICLE 7. INDEMNIFICATION
The corporation reserves the power to indemnify a Director who is a party to a

proceeding because he or she is or was a Director, for judgments, settlements,
penalties, fines, including excise taxes assessed with respect to employee benefit
plans, or reasonable expenses (including attorneys' fees) incurred with respect to a
threatened, pending, or completed proceeding, except liability for:
1. Receipt of a financial benefit to which the Director is not entitled;
2. An intentional infliction of harm;
3. A violation of D.C. Code 29-406.33 or a successor provision of law; or
4. An intentional violation of criminal law.
ARTICLE 8. INCORPORATOR
1 _ 3) -- 1 4
Robert F. Bauer Date
70013`h Street NW
Suite 600
LEGAL28547859. [
Initial File #: N00004866620
GOVERNMENT OF THE DISTRICT OF COLUMBIA

DEPARTMENT OF CONSUMER AND REGULATORY AFFAIRS
CORPORATIONS DIVISION
CERTIFICATE
THIS IS TO CERTIFY that all applicable provisions of the District of Columbia Business
Organizations Code have been complied with and accordingly, this CERTIFICATE OF
AMENDMENT is hereby issued to:
BARACK OBAMA FOUNDATION (THE)
Effective Date: 3/19/2014
IN WITNESS WHEREOF I have hereunto set my hand and caused the seal of this office to be
affixed as of 3/19/2014 12:14 PM
Business and Professional Licensing Administration
PATRICIA E. GRAYS
Superintendent of Corporations
Corporations Division
Vincent C. Gray
Mayor
Tracking #: oTByPkmb
ARTICLES OF AMENDMENT OF DOMESTIC NONPROFIT CORPORATION
Under the provisions of the Title 29 of D.C. Code (Business Organizations Act), the domestic
filing entity listed below hereby applies for a Certificate of Amendment and for that purpose
submits the statement below:
FIRST: The name of the corporation is: Barack H. Obama Foundation.
SECOND:
Article 1 is amended as follows:
The name of the corporation is The Barack Obama Foundation.

Copy
it TO
THIRD: The amendment was adopted on March 18, 2014.
.."OiO
FOURTH: The amendment was adopted in the following manner: the amendment was adopted
by the incorporator, and member approval was not required.
Date: March 18, 2014
By
ROBERT F. BAUER
INCORPORATOR
BYLAWS
OF
88996-0001/LEGAL28548186.3
BYLAWS
OF
ARTICLE 1. OFFICES
The principal office of The Barack Obama Foundation (the "organization")

shall be located at its principal place of business or such other place as the Board of
Directors (the "Board") may designate. The organization may have such other offices
as the Board may designate or as the business of the organization may require from
time to time.
ARTICLE 2. MEMBERSHIP
The organization shall have no members.
ARTICLE 3. BOARD OF DIRECTORS
3.1 General Powers
The affairs of the organization shall be managed by a Board of Directors.
3.2 Number, Election and Tenure
The Board shall consist of not less than three Directors; the number of
Directors on the Board may be altered by action of the Board but may in no case be
less than three. The initial Directors shall be elected by the incorporator. Successor
Directors shall be elected by the affirmative vote of a majority of Directors serving at
the time. A Director shall hold office for a term of one year. Despite the expiration of
a Director's term, a Director shall continue to serve until the Director's successor is
elected, appointed or designated and until the Director's successor takes office, unless
the Director otherwise dies, resigns or is removed from office.
3.3 Regular Meetings
By resolution, the Board may specify the date, time and place for holding
regular meetings without other notice than such resolution.
88996-0001/LEGAL28548186.3 -I-
3.4 Special Meetings
Special meetings of the Board or any committee designated and appointed by

the Board may be called by or at the written request of the Chairman, President or any
two Directors, or, in the case of a committee meeting, by the chairman of the
committee. The person or persons authorized to call special meetings may fix any
place as the place for holding any special Board or committee meeting called by them.
Notice of a special meeting shall be delivered to the Directors not less than two days
before the meeting according to the provisions of Section 3.7 of these Bylaws.
3.5 Meetings by Telephone or Internet
Members of the Board or any committee designated by the Board may

participate in a meeting of the Board or such committee by means of a conference
telephone, Internet videoconferencing, or similar communications equipment by
means of which all persons participating in the meeting can hear each other at the
same time. Participation by such means shall constitute presence in person at a
meeting.
3.6 Place of Meetings
All meetings shall be held at the principal office of the organization or at such
other place designated by the Board, by any persons entitled to call a meeting or by a
waiver of notice signed by all Directors.
3.7 Notice of Special Meetings
3.7.1 In Writing
Notices in writing may be delivered to the Director in person or mailed to the

Director at his or her address shown in the records of the organization. If notice is
delivered via regular mail, the notice shall be deemed effective five days after being
deposited in official government mail properly addressed with postage thereon
prepaid. Neither the business to be transacted at nor the purpose of any special
meeting need be specified in the notice of a special meeting.
3.7.2 Electronic Transmission
Notices may be provided in an electronic transmission and be electronically

transmitted. Notice in an electronic transmission is effective only with respect to
those Directors who have consented, in the form of a record, to receive electronically
transmitted notices and designated in such consent the address, location or system to
8 8996-000 1 /LEGAL28548186.3 2_
which these notices may be electronically transmitted. A Director who has consented
to receipt of electronically transmitted notices may revoke the consent by delivering a
revocation to the organization in the form of a record. Furthermore, the consent is
automatically revoked if the organization is unable to electronically transmit two
consecutive notices given by the organization, and this inability becomes known to the
person responsible for giving notice. Notice provided in an electronic transmission is
effective when it is electronically transmitted to an address, location or system
designated by the recipient for that purpose.
3.7.3 Posting Electronic Notice
Notice may be provided to Directors who have consented to receipt of

electronically transmitted notices by posting the notice on an electronic network and
delivering to such Directors a separate record of the posting, together with
comprehensible instructions regarding how to obtain access to the posting on the
electronic network. Notice is effective when it has been posted to an electronic
network and a separate record of the posting has been delivered to the recipient as
provided by this Section 3.7.3.
3.8 Waiver of Notice
3.8.1 Record
Whenever any notice is required to be given to any Director under the

provisions of these Bylaws, the Articles of Incorporation or applicable law, a waiver
thereof in the form of a record, including, without limitation, an electronic
transmission from the person or persons entitled to such notice, whether before or
after the time stated therein, shall be deemed equivalent to the giving of such notice.
Neither the business to be transacted at nor the purpose of any regular or special
meeting of the Board need be specified in the waiver of notice of such meeting.
3.8.2 By Attendance
The attendance of a Director at a meeting shall constitute a waiver of notice of

such meeting, unless a Director attends the meeting in question for the express
purpose of objecting to the transaction of any business at that meeting because the
meeting is not lawfully called or convened.
3.9 Quorum
A majority of the number of Directors then serving shall constitute a quorum

for the transaction of business at any Board meeting. If a quorum is not present at a
88996-0001 /1-EGAL28548186.3 3_
meeting, a majority of the Directors present may adjourn the meeting from time to
time without further notice.
3.10 Manner of Acting
The act of the majority of the Directors present at a meeting at which there is a
quorum shall be the act of the Board, unless the vote of a greater number is required
by these Bylaws, the Articles of Incorporation or applicable law.
3.11 Presumption of Assent
A Director of the organization present at a Board meeting at which action is

taken shall be presumed to have assented to the action taken unless his or her dissent
or abstention is entered in the minutes of the meeting, or unless such Director files a
written dissent or abstention to such action with the person acting as chair of the
meeting before the adjournment thereof, or forwards such dissent or abstention to the
Secretary of the organization immediately after the adjournment of the meeting. Such
right to dissent or abstain shall not apply to a Director who voted in favor of such
action.
3.12 Action by Board Without a Meeting
Any action which could be taken at a meeting of the Board may be taken
without a meeting if a written consent setting forth the action so taken is signed by
each of the Directors. Such written consents may be signed in two or more
counterparts, each of which shall be deemed an original and all of which, taken
together, shall constitute one and the same document. Any such written consent shall
be inserted in the minutes book as if it were the minutes of a Board meeting.
3.13 Resignation
Any Director may resign at any time by delivering written notice to the
Chairman, President, Treasurer, Secretary or Board, or by giving oral or written notice
at any meeting of the Directors. Any such resignation shall take effect at the time
specified therein, or if the time is not specified, upon delivery thereof and, unless
otherwise specified therein, the acceptance of such resignation shall not be necessary
to make it effective.
3.14 Removal
One or more Directors may be removed from office, with or without cause, by
the affirmative vote of a majority of the Directors then serving.
88996-0001 /LEGAL28548186.3
3.15 Vacancies
Any vacancy in the position of Director may be filled by the affirmative vote of
a majority of the remaining Directors though less than a quorum of the Board. A
Director who fills a vacancy shall serve for the unexpired term of his or her
predecessor in office. Despite the expiration of a Director's term, a Director shall
continue to serve until the Director's successor is elected, appointed, or designated and
until the Director's successor takes office.
3.16 Compensation
The Directors shall receive no compensation for their service as Directors, but
may receive reimbursement for reasonable expenditures incurred on behalf of the
organization.
ARTICLE 4. OFFICERS
4.1 Number and Qualifications
The officers of the organization shall be a Chairman, a President, a Treasurer

and a Secretary, each of whom shall be elected by a majority of the Directors then
serving. The Chairman, President, Treasurer and Secretary shall be elected from the
Directors then serving. Other officers and assistant officers may be elected or
appointed by the Board, such officers and assistant officers to hold office for such
period, have such authority and perform such duties as are provided in these Bylaws
or as may be provided by resolution of the Board. Any officer may be assigned by the
Board any additional title that the Board deems appropriate. Any two or more offices
may be held by the same person, except the offices of President and Treasurer. Except
for the offices of President and Treasurer, the Board may elect to leave offices vacant.
4.2 Election and Term of Office
The officers of the organization shall be elected each year by a majority of the
Directors then serving. Unless an officer dies, resigns, or is removed from office, he
or she shall hold office until his or her successor is elected.
4.3 Resignation
Any officer may resign at any time by delivering written notice to the
Chairman, President, Treasurer, Secretary or Board, or by giving oral or written notice
at any meeting of the Board. Any such resignation shall take effect at the time
specified therein or, if the time is not specified, upon delivery thereof and, unless
88996-0001 /LE0A1.28548186.3 _5 _
otherwise specified therein, the acceptance of such resignation shall not be necessary
to make it effective.
4.4 Removal
Any officer elected or appointed by the Board may be removed by the

affirmative vote of at least a majority of the Directors then serving whenever in their
judgment the best interests of the organization would be served thereby, but such
removal shall be without prejudice to the contract rights, if any, of the person so
removed. Any other position elected or appointed by the Board may be removed by
the affirmative vote of at least a majority of the number of Directors constituting a
quorum at a meeting whenever in their judgment the best interests of the organization
would be served thereby, but such removal shall be without prejudice to the contract
rights, if any, of the person so removed.
4.5 Vacancies
A vacancy in any office created by the death, resignation, removal,

disqualification, creation of a new office or any other cause may be filled by a
majority of the Directors then serving for the unexpired portion of the term or for a
new term established by the Board,
4.6 Chairman
The Chairman shall preside over meetings of the Board; shall set the strategy
and vision of the organization; and, in general, perform all of the duties incident to the
office of chief executive officer of the organization and such other duties as from time
to time may be assigned to him or her by the Board.
4.7 President
The President shall, subject to the Board's control, supervise the staffs control
of all of the assets, business and affairs of the organization. The President may sign
deeds, mortgages, bonds, contracts, or other instruments, except when the signing and
execution thereof have been expressly delegated by the Board or by these Bylaws to
some other officer or agent of the organization or are required by law to be otherwise
signed or executed by some other officer or in some other manner. In general, the
President shall perform all duties incident to the office of President and such other
duties as are assigned to him or her by the Chairman or Board from time to time. If no
Secretary is elected, the President shall be responsible for supervising the preparation
of the minutes of meetings of the Board and the maintenance and authentication of the
records of the corporation.
88996-000 1/LEGAL28548186.3 .6
4.8 Treasurer
The Treasurer shall have charge and custody of and be responsible for all funds
and securities of the organization; receive and give receipts for moneys due and
payable to the organization from any source whatsoever, and deposit all such moneys
in the name of the organization in banks, trust companies or other depositories
selected in accordance with the provisions of these Bylaws; and in general perform all
of the duties incident to the office of Treasurer and such other duties as from time to
time may be assigned to him or her by the Chairman, President or Board.
4.9 Secretary
The Secretary shall: (a) keep the minutes of meetings of the Board and any
minutes which may be maintained by committees of the Board; (b) see that all notices
are duly given in accordance with the provisions of these Bylaws or as required by
law; (c) be custodian of the corporate records of the organization; (d) keep records of
the address of each Director and officer; (e) sign with the President or other officer
authorized by the Chairman, President or Board, deeds, mortgages, bonds, contracts,
or other instruments; and (f) in general perform all duties incident to the office of
Secretary and such other duties as from time to time may be assigned to him or her by
the Chairman, President or Board.
4.10 Compensation
The salaries of the officers and any other postitions established by the Board
shall be fixed from time to time by the Board or by any person or persons to whom the
Board has delegated such authority. No officer shall be prevented from receiving a
salary by reason of the fact that he or she is also a Director of the organization.
ARTICLE 5. INTERESTS OF DIRECTORS

AND OFFICERS
5.1 Compensation
Directors who receive any compensation for services in any capacity, directly
or indirectly, from the organization may not vote on matters pertaining to that
Director's compensation.
5.2 Conflict of Interest
Directors and officers shall disclose to the Board any financial interest which
the Director or officer directly or indirectly has in any person or entity that is a party to
88996-0001/LE0AL28548186.3 _^
a transaction under consideration by the Board. The interested Director or officer
shall abstain from voting on the transaction.
5.3 Review of Certain Transactions
Prior to entering into any compensation agreement, contract for goods or

services, or any other transaction with any person who is in a position to exercise
influence over the affairs of the organization, the Board shall establish that the
proposed transaction is reasonable when compared with a similarly-situated
organization for functionally comparable positions, goods or services rendered.
ARTICLE 6. INDEMNIFICATION
To the fullest extent permitted by law, the organization shall indemnify any
person who was or is a party to any civil, criminal, administrative or investigative
action, suit or proceeding by reason of the fact that he or she is or was a Director or
officer of the organization, or is or was serving at the request of the organization as a
Director or officer of another organization against expenses (including attorney's fees)
and amounts paid in settlement actually and necessarily incurred by him or her in
connection with such action, suit or proceeding; and the Board may, at any time,
approve indemnification of any other person whom the organization has the power to
indemnify under the law. The indemnification provided by this Article shall not be
deemed exclusive of any other rights to which a person may be entitled as a matter of
law or by contract and shall inure to the benefit of the recipients heirs and successors.
The organization may purchase and maintain indemnification insurance for any person
to the extent permitted by applicable law. Without limiting the foregoing, the Board
shall have the power to indemnify any person to the fullest extent permitted by law.
ARTICLE 7. STANDING BOARD COMMITTEES
7.1 Creation of Committee
The Board, by majority vote, may designate and appoint one or more standing
committees, each of which shall consist of one or more Directors, to assist in
preparing and implementing organization policies and programs. Committee members
shall serve at the pleasure of the Board for one year or until their successors are
elected. Members of a standing committee must be Directors. Committee members
may be removed at any time, with or without cause, by the Board. Chairs of
committees shall be appointed by the Board.
88996-0001/LE0AL28548186.3 9.
7.2 Meetings
Committees shall meet, from time to time, when any such meeting is called by
the chair of the committee, or by a majority of the members of the committee. Notice
for such a meeting shall made according to the provisions of Section 3.7 of these
Bylaws. Such notice shall be delivered at least 24 hours in advance of the meeting.
7.3 Quorum; Manner of Acting
A majority of the members of a committee shall constitute a quorum for that

committee, and the act of a majority of the members of a committee present at a
meeting at which a quorum is present shall be the act of the committee.
7.4 Action by a Committee without Meeting
Any action that could be taken at a meeting of a committee may be taken

without a meeting if a written consent setting forth the action so taken is signed by
each of the members of the committee according to the provisions of Section 3.12 of
these Bylaws. Any such written consent shall be inserted in the minutes book as if it
were the minutes of a committee meeting.
ARTICLE 8. ADVISORY COMMITTEES
The Board may create advisory committees to serve to advise the Board,
officers and employees of the organization in any and all matters. Members of an
advisory committee shall be appointed by the Board. The Board shall prescribe rules
and regulations for the call and conduct of meetings and all other matters relating to
committee procedures and responsibilities. Chairs of advisory committees shall be
appointed by the Board. Advisory committees shall keep regular minutes of their
meetings and deliver such minutes to the Board.
ARTICLE 9. ADMINISTRATIVE AND FINANCIAL

PROVISIONS
9.1 Loans
No loans shall be contracted on behalf of the organization and no evidences of

indebtedness shall be issued in its name unless authorized by a resolution of the
Board. Such authority may be general or confined to specific instances.
88996-00011LE0AL28548186.3
9.2 Loans or Extensions of Credit to Officers and Directors
No loans shall be made and no credit shall be extended by the organization to

its officers or Directors.
9.3 Checks, Drafts, Etc.
All checks, drafts or other orders for the payment of money, notes or other
evidences of indebtedness issued in the name of the organization shall be signed by
such officer or officers, or agent or agents, of the organization and in such manner as
is from time to time determined by resolution of the Board.
9.4 Deposits
All funds of the organization not otherwise employed shall be deposited from
time to time to the credit of the organization in such banks, trust companies or other
depositories as the Board may select.
9.5 Books and Records
The organization shall keep at its principal or registered office copies of its
current Articles of Incorporation and Bylaws; correct and adequate records of
accounts and finances, minutes of the proceedings of its Board and any minutes that
may be maintained by committees of the Board; records of the names and addresses of
its officers and Directors; and such other records as may be necessary or advisable.
9.6 Fiscal Year
Unless a different fiscal year is at any time selected by the Board, the fiscal
year of the organization shall be the 12 months ending December 31.
9.7 Accounting Year
Unless a different accounting year is at any time selected by the Board, the
accounting year of the organization shall be the fiscal year.
9.8 Rules of Procedure
The rules of procedure at meetings of the Board and committees of the Board
shall be the rules contained in Roberts' Rules of Order on Parliamentary Procedure,
Newly Revised, so far as applicable and when not inconsistent with these Bylaws, the
Articles of Incorporation or any resolution of the Board.
88996-0001 /LEGAL28548186.3 -10-

ARTICLE 10. AMENDMENTS
These Bylaws may be altered, amended or repealed and new Bylaws may be
adopted by the vote of a majority of the number of Directors then serving or by the
written consent of each of the Directors.
88996-00011LEGAL28548186.3 -11-

Barack Obama Foundation Tax-Exempt Application June 21 2014

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Barack Obama Foundation Tax-Exempt Application June 21 2014

Enviado por

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FORM IRS 1023

Form 1023 Checklist

q3 Employer Identification Number (EIN)

Schedule B Yes___ No -!L Schedule F Yes-No

Schedule D Yes_ No '^ Schedule H Yes 3 No__._

Internal Revenue Service

Internal Revenue Service

Application for Recognition of Exemption 1023 2014

q Other acts authorized:

Signature Date ' Title (if applicable)

------------------------. _----------- ------------------------------ -- QqQq q -- -------- --_--------------------- -----------------------

jZ= Declarations of Re resentative

Bar, license, certification,

Form 2848 (Rev. 3-20121

Part I Identification of Applicant

The Barack Obama Foundation /o Perkins Collie LLP

70013th Street NW STE 600 46 _4950751

9a Organization's website: obamapresidentiatfoundation.org

b Organization's email: (optional)

11 Date incorporated if a corporation, or formed, if other than a corporation. (MM/DD/YYYY) 1 / 31 /2014

12 Were you formed under the laws of a foreign country? q Yes 0 No

Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-2006)

Part Vlll I Your Specific Activities

Form 1023 (Rev. 6-2006)

5 Are you affiliated with a governmental unit? If "Yes," explain. Z Yes q No

Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-2006)

9 Gross receipts from admissions,

16 Disbursements to or for the

Form 1023 (Rev. 6-2006)

Form 1023 (Rev. 6-2006)

(Type or print title or authority of signer)

For IRS Use Only

IRS Director, Exempt Organizations (Date)

Form 1023 (Rev. 6-2006)

Form 1023 (Rev.6-2006)

Form 1023 (Rev. 12-2013)

Form 1023 (Rev. 12-2013)

Part I, Line 7: Authorized Representative

Part IV: Narrative Description of Activities

88996-9001 /LEG AL 1 20 1 27 1 01.5

A. Martin H. Nesbitt, Director/Chairman

B. J. Kevin Poorman, Director/President

C. David Plouffe, Director/Vice President/Secretary

He has managed campaigns at all levels of politics, served as an award-winning producer of

Plouffe received his Bachelor's degree from the University of Delaware.

88996-0001 /LEGAL 120127101.5

D. Maya Soetoro-Ng, Director

Previously, Soetoro-Ng worked as an Assistant Professor at the University of Hawai'i's College

Soetoro-Ng received a Master's degree in Secondary Education from NYU's College of

E. Robbin Cohen, Vice President/Treasurer

88996-0001 /LEGAL 120127101.5

F. Justin Rosenthal, Strategy & Finance Associate

88996-0001 /LEGAL 120127101.5

SKDK is a nationally recognized strategic communications consulting firm with offices in

1. Smoot Tewes Group (STG)

88996-0001 /LEGAL 120127101.5

Part V, Line 5a: Conflict of Interest

Part V, Line 6a: Non-fixed Payment Compensation

Justin Rosenthal will be eligible to receive an annual performance bonus of up to 25 percent

B. Smoot Tewes Group (STG)

Part VIII, Line 4a: Fundraising