Kpmg US Foundation Inc

How it makes and monitors grants (Schedule I, Part IV)

The foundation contributes to a number of charitable organizations during the course of a year. these contributions vary from matching employee gifts to larger contributions, sponsorships, or grants to organizations. as circumstances require, the foundation monitors its grants to ensure that such grants are used for proper purposes and are not otherwise diverted from the intended use. such monitoring may take the form of periodic reports from the organization, visiting and meeting with the charity, or other approaches to provide information to the foundation. the foundation contributes to the "relief fund" (the fund) at an independent irc section 501(c)(3) public charity. the fund was created to provide financial assistance to kpmg employees who are facing unexpected financial difficulty from a disaster, emergency or other unforeseen hardship. employee applications are private and their private information is not shared with the foundation or kpmg llp. the fund is supported by the foundation and voluntary donations from kpmg partners, retired partners, and employees. the independent irc section 501(c)(3) public charity operating the fund is responsible for intake, evaluation, documentation, selection or denial of employee applications. disbursements are made to provide for employee necessities resulting from the disaster or hardship event.