TPF SPECIAL PROPERTY FUND

AS IT HAS IN THE PAST, THE PHILADELPHIA FOUNDATION ESTABLISHED AND SUSTAINS THIS TYPE 1 SUPPORTING ORGANIZATION TO RECEIVE ILLIQUID, HARD-TO-VALUE CONTRIBUTIONS (E.G. REAL ESTATE OR PRIVATELY HELD STOCK) OR THOSE WHICH MAY CREATE UNIQUE POTENTIAL LIABILITIES OR WHICH MAY BE GIVEN FOR A DISTINCT CHARITABLE PURPOSE THAT CAN BE BETTER SERVED AND STEWARDED THROUGH A DEDICATED ORGANIZATIONAL STRUCTURE. BOARD MEETINGS ARE HELD ANNUALLY.