(B)
Reports
(i)
Annual report on Foundation
(I)
In general
Not later than 5 months following the end of each fiscal year, the Foundation shall publish and post online a report for the preceding fiscal year that includes—
(aa)
a description of Foundation activities, including accomplishments and how those activities align to the challenges identified in the strategic plan under clause (iv);
(bb)
a comprehensive statement of the operations and financial condition of the Foundation; and
(cc)
a description of available agricultural research programs and priorities for the upcoming fiscal year.
(II)
Financial condition
Each report under subclause (I) shall include a description of all gifts, grants, devises, or bequests to the Foundation of real or personal property or money, which shall include—
(aa)
the source of the gifts, grants, devises, or bequests; and
(bb)
any restrictions on the purposes for which the gift, grant, devise, or bequest may be used.
(III)
Availability
The Foundation shall—
(aa)
make copies of each report submitted under subclause (I) available for public inspection; and
(bb)
on request, provide a copy of the report to any individual.
(IV)
Public meeting
(iii)
Stakeholder notice
The Foundation shall publish an annual notice with a description of agricultural research priorities under this section for the upcoming fiscal year, including—
(I)
a schedule for funding competitions;
(II)
a discussion of how applications for funding will be evaluated; and
(III)
how the Foundation will communicate information about funded awards to the public to ensure that grantees and partners understand the objectives of the Foundation.
(iv)
Strategic plan
Not later than 1 year after December 20, 2018, the Foundation shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a strategic plan describing a path for the Foundation to become self-sustaining, including—
(I)
a forecast of major agricultural challenge opportunities identified by the scientific advisory councils of the Foundation and approved by the Board, including short- and long-term objectives;
(II)
an overview of the efforts that the Foundation will take to be transparent in each of the processes of the Foundation, including—
(aa)
processes relating to grant awards, including the selection, review, and notification processes;
(bb)
communication of past, current, and future research priorities; and
(cc)
plans to solicit and respond to public input on the opportunities identified in the strategic plan;
(III)
a description of financial goals and benchmarks for the next 10 years, including a detailed plan for—
(aa)
raising funds in amounts greater than the amounts required under subsection (g)(1)(B);
(bb)
soliciting additional resources pursuant to subsections (e)(4)(A)(iv) and (f)(2)(A)(iii); and
(cc)
managing and leveraging such resources pursuant to subsection (f)(2)(A)(vii); and
(IV)
other related issues, as determined by the Board.