September 9, 2004

Mr. Jim Moss

Managing Director

PRM Consulting, Inc.

1814 13th Street, NW

Washington, DC 20009-4424

Dear Jim:

The Lynde and Harry Bradley Foundation, Inc. (Foundation) is currently soliciting proposals from qualified consulting firms experienced in the evaluation of officer, director and program staff compensation. Broad knowledge of officer, director and program staff compensation with expertise in private foundation, higher education and other not-for-profit environments is considered essential to this project.

This Request for Proposal (RFP) is an invitation by the Bradley Foundation for consultants to submit a proposal. Submission of a proposal does not create any right in or expectation to a subsequent contract with the Foundation. The Foundation reserves the right to reject any or all proposals and further declares that it will incur no financial obligations for any costs by any company in preparation of their proposal.

Bradley Foundation requests the proposal be submitted in writing to the address below:

Cynthia Friauf

Bradley Foundation

1241 North Franklin Place

Milwaukee, WI 53202-2901

An additional copy may be forwarded electronically to:

Cynthia Friauf	cfriauf@bradleyfdn.org

The deadline for submission is September 23, 2004.

History and Mission

The history and mission of the Bradley Foundation is described in the enclosed annual report. This and additional information can be found on the website: www.bradleyfdn.org.

Scope of Project

1.	Review the Bradley Foundation officer, director and program staff compensation. This will provide the basis for analyzing the pay competitiveness of officer, director and program staff positions. The analysis may be extended to the administrative staff.

2.	Review current compensation philosophy and make recommendations for development of the philosophy.

Existing Compensation Systems

The CEO/President's compensation was negotiated by contract. All other employees are paid approximate market rates at date of hire. Annual raises for employees, excluding the President, are based on a pool of funds that are allocated according to merit and position changes. Raises and adjustments for position changes are approved by the Board. Board compensation has not changed in several years. The retainer paid to Board members varies by position. The Chairman, committee chairmen and directors without chair duties are paid different retainers. Separate meeting fees are paid.

Selection Criteria

The Chairman of the Personnel Committee and I will evaluate each submitted proposal. All proposals submitted will be evaluated using the following criteria:

1.	Compliance with the RFP.

2.	Access to foundation specific compensation data.

3.	Demonstrated understanding of the project.

4.	Proven history with programs in a foundation/not-for-profit environment.

5.	Ability to complete the work by November 1, 2004.

6.	Qualifications of the firm and the personnel assigned to the project including contracted resources.

7.	Cost.

Cost and Fee Arrangements

The consultant must provide a proposal with a maximum cost for the project based on the project as described herein. Costs for this project should be itemized so that, if needed, Bradley Foundation can alter the project scope to recognize budgetary constraints.

Specification for Proposals

All RFPs must contain the following information in the stated order:

1.	Name and biography of all proposed consultants/facilitators.

2.	Name, title and business address of person responsible for submitting this proposal.

3.	Sample standard contract template if available.

4.	Listing of proposed subcontractors, if any, and the scope of work they will perform.

5.	Description of the scope of involvement the Foundation's staff.

6.	Narrative proposal on scope of work as identified above.

7.	An estimate of time required to complete the project and a proposed timeline of work tasks, with the date of final completion of the project.

8.	A breakdown of the firm's rates, fees and charges for services, by phase and for total project, and a proposed payment schedule.

9.	At least three references from the foundation and/or not-for-profit industry that include company name, individual contact name, and phone number. The references provided should have been or are engaged in project work that is similar to that described herein.

Preparation of Proposal

Each proposal will be prepared simply and economically avoiding the use of elaborate promotional materials beyond those sufficient to provide a complete, accurate and reliable presentation.

Presentations

Since we intend to move quickly on this project, we will not hold formal presentations in person. A conference call will be held at the earliest convenience with the Chairman of the Personnel Committee and me.

News Releases

News releases pertaining to this project shall not be made without prior approval by the Bradley Foundation.

RFP/Contract Contents

The subsequent contract between the Foundation and the respondent shall include (1) the Request for Proposal (RFP) and any amendments thereto, and (2) the proposal submitted by the respondent in response to the RFP and (3) any additional information supplied by the respondent in response to requests for additional information by the Foundation. In the event of a conflict in language between the documents reference above, the provisions and requirements set for and/or reference in the RFP shall govern. The Foundation, however, reserves the right to clarify any subsequent contractual relationship in writing with the concurrence of the consultant, and such written clarification shall govern in case of conflict with the applicable requirements stated in the RFP or the vendor's proposal. In all other matters not affected by the written clarification, if any, the RFP shall govern.

Proprietary Work

The work results and the reports will be considered confidential and proprietary and cannot be released by the Consultant without prior written consent of the Foundation.

Very truly yours,

Cynthia K. Friauf

CKF/ye