2024-05-10T16:27:25-05:00 2023-06-30 BDO USA 450 S ORANGE AVE SUITE 550 ORLANDO FL 32801 990 2022-07-01 590974739 THE UNIVERSITY OF FLORIDA FOUNDATION INC % MIKE JOHNSON UNIV 3523925497 PO BOX 14425 GAINESVILLE FL 32604 MIKE JOHNSON TREASURER 3523925497 2024-05-09 true MIKE JOHNSON 999009999 Jacob Cook P01240455 4078416930 2024-05-09 2 2022 2023-04-26 12:10:37Z MIKE JOHNSON PO BOX 14425 GAINESVILLE FL 32604 234144756 false X WWW.UFF.UFL.EDU X 1964 FL SEE SCHEDULE O 21 18 342 758 42655 0 248254709 178764468 0 0 33726247 11759844 5990917 10004866 287971873 200529178 167841741 198549338 0 0 30691381 22983859 851804 883234 19388275 18348369 21629560 217733295 244045991 70238578 -43516813 2706541368 2745249683 64872908 65084772 2641668460 2680164911 X THE MISSION OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. IS TO EXCLUSIVELY SUPPORT AND ENHANCE THE UNIVERSITY OF FLORIDA, A COMPREHENSIVE LEARNING INSTITUTION BUILT ON A LAND-GRANT FOUNDATION, IN ITS MISSION OF "EXCELLENCE IN EDUCATION AND RESEARCH AND SHAPING A BETTER FUTURE FOR FLORIDA, THE NATION, AND THE WORLD," AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, BY CREATING AWARENESS, BUILDING RELATIONSHIPS, SECURING PRIVATE SUPPORT, RECOGNIZING DONORS, AND PERFORMING ALL BUSINESS-RELATED MATTERS TO ACCOMPLISH THESE PURPOSES. false false 98803483 92477130 8727562 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT, IN ACCORDANCE WITH DONOR RESTRICTIONS, TO THE MANY COLLEGES, UNITS, AND PROGRAMS OF THE UNIVERSITY OF FLORIDA. 31266111 31266111 124589 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR DONOR PROVIDED FINANCIAL AID TO QUALIFIED STUDENTS. 29834588 29834588 10 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR FACULTY AND STAFF OF THE MANY COLLEGES AND UNITS OF THE UNIVERSITY OF FLORIDA INCLUDING, BUT NOT LIMITED TO, ENDOWED CHAIRS AND PROFESSORSHIPS. 44971509 44971509 955772 204875691 true true false false false true true true false true true true false false true true false true false false false false false true false false false true false true false false false false false false false false true true false false false true false true false true 148 0 true 342 true false false false false false true true true false false false false false X 21 18 true false false false false true true true true false false false true true true true true true true false AK CA CO DC KY LA ME MD MA MI MN NV NH NJ NY OH OR SC UT WA WI X X MIKE JOHNSON 3523925475 1938 W UNIVERSITY AVENUE GAINESVILLE FL 32603 X W KENT FUCHS DIRECTOR 1.0 41.0 X 0 1147887 120024 THOMAS J MITCHELL EXEC VICE PRESIDENT 40.0 1.0 X 969029 0 56300 CHRIS COWEN DIRECTOR 1.0 0.0 X 0 748858 102891 JOE GLOVER DIRECTOR 1.0 0.0 X 0 623297 54441 JOSEPH A MANDERNACH SENIOR ASSOCIATE VP 40.0 0.0 X 334414 0 28531 KAREN E SPRAGUE INTERIM CHIEF EXEC. OFFICER 40.0 0.0 X 302258 0 59491 DAVID M CHRISTIE ASSOC VP & COO 40.0 0.0 X 277061 0 50836 MARIA MARTIN INTERIM VICE PRESIDENT 40.0 0.0 X 255507 0 47925 SUSAN G GOFFMAN SECRETARY 40.0 0.0 X 202025 0 47821 JONATHAN W CANNON Exec Director of development 40.0 0.0 X 197444 0 45213 ANNA M HARPER Associate VP 40.0 0.0 X 195010 0 44643 MIKE S JOHNSON ASSISTANT VP & CFO 40.0 0.0 X 181580 0 44883 ANN LPOWERS Exec Director of Advancement 40.0 0.0 X 196464 0 29783 CODY HELMER Exec Director of Development 40.0 0.0 X 178751 0 28347 JOSE A COSTA DIRECTOR 1.0 0.0 X 0 0 0 GALE V KING DIRECTOR 1.0 0.0 X 0 0 0 CHRIS A MALACHOWSKY DIRECTOR 1.0 0.0 X 0 0 0 JOELEN K MERKEL DIRECTOR 1.0 0.0 X 0 0 0 DAVID W NELMS DIRECTOR 1.0 0.0 X 0 0 0 M ANN O'BRIEN DIRECTOR 1.0 0.0 X 0 0 0 LINDA S PARKER HUDSON DIRECTOR 1.0 0.0 X 0 0 0 RAHUL PATEL DIRECTOR 1.0 0.0 X 0 0 0 SWATI R PATEL DIRECTOR 1.0 0.0 X 0 0 0 EUGENE K PETTIS DIRECTOR 1.0 0.0 X 0 0 0 CHRISTY A POWELL DIRECTOR 1.0 0.0 X 0 0 0 ALISON S RAND DIRECTOR 1.0 0.0 X 0 0 0 MARK A ROSSER DIRECTOR 1.0 0.0 X 0 0 0 BEN SASSE DIRECTOR 1.0 0.0 X 0 0 0 SACHIO SEMMOTO DIRECTOR 1.0 0.0 X 0 0 0 HOWARD M SHERIDAN DIRECTOR 1.0 0.0 X 0 0 0 JANE JIE SUN DIRECTOR 1.0 0.0 X 0 0 0 KAREN H UNGER DIRECTOR 1.0 0.0 X 0 0 0 Anita G Zucker Chair 1.0 0.0 X 0 0 0 Jon W Pritchett Vice Chair 1.0 0.0 X 0 0 0 3289543 2520042 761129 62 false true false UNIV OF FL INVEST 4510 NW 6TH GAINESVILLE FL 32607 INVESTMENT MGMT. 3425214 THE EXPO GROUP 5931 CAMPUS CIR DR IRVING TX 75063 PRODUCTION SERVICES 1734038 RUFFALO NOEL LEV PO BOX 3018 CEDAR RAPIDS IA 52406 PROF. FUNDRAISERS 1103338 HURON CONSULT 550 W VAN BUREN ST CHICAGO IL 60607 PROFESSIONAL SERVICE 794147 SALESFORCE 415 MISSION ST SAN FRANCISCO CA 94105 TECHNOLOGY SERVICES 659989 27 6050500 172713968 18299467 178764468 0 1539274 1539274 0 2711439 2711439 892548 738270 154278 0 154278 0 154278 43097878 32877308 10220570 10220570 10220570 0 0 0 0 0 0 0 0 0 TRANSFERS FROM COMPONENT UNITS 900099 4110915 4110915 MISCELLANEOUS 900099 2702600 2702600 REUNIONS AND OTHER EVENTS 900099 282979 282979 42655 42655 7139149 200529178 9807933 42655 11914122 198549338 198549338 0 0 0 2568155 910213 1657942 0 13869301 4466187 9403114 0 6546403 4206444 2339959 0 0 123107 29766 91002 2339 227800 227800 -107212 -107212 883234 883234 3863031 3863031 4480905 1193850 2982435 304620 131986 34720 97266 2105824 322182 581387 1202255 385024 247 356668 28109 0 224193 27464 129835 66894 1445439 226001 138827 1080611 0 1632497 306897 765604 559996 66689 34431 32258 0 4349979 190114 4159865 404169 14640 389529 MISCELLANEOUS 1217944 4 1217940 ENTERTAINMENT 684041 68785 75469 539787 DUES & SUBSCRIPTIONS 243540 156153 87387 MAINTENANCE 150604 146395 4209 244045991 204875691 19782025 19388275 20034427 15359552 1704722 1347839 155492155 110846281 7786178 775901 0 0 0 0 1842947 1256623 0 0 0 0 130363725 17528580 113353124 112835145 1542481 1619080 2329809179 2386980068 0 0 0 0 74976155 114229194 2706541368 2745249683 4872325 4883772 0 0 0 0 0 0 0 0 0 0 653030 525462 0 0 59347553 59675538 64872908 65084772 X 263309510 239857819 106327662 106770183 2272031288 2333536909 2641668460 2680164911 2706541368 2745249683 X -43516813 80339712 1673552 X X false true X true false X 134954475 181786755 263188787 248254709 178764468 1006949194 0 14527269 14714994 14533244 15574056 16708177 76057740 149481744 196501749 277722031 263828765 195472645 1083006934 26941231 1056065703 2662046 2979594 2655987 6293986 5143262 19734875 0 3879161 7713176 3104348 3207198 7139148 25043031 1127784840 0.93641 0.88909 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 true true X X 1 0.25 0 0 0 1 true 0.00 0 X X X X true 2272031288 78919673 92535676 21515458 60798258 27636012 2333536909 2375271275 57331962 -51376517 21215606 60927836 27051990 2272031288 1844027357 53744513 570399955 18436098 51108091 23356361 2375271275 1817826793 64189066 46321146 16510805 46588623 21210220 1844027357 1727399751 53823055 116453654 15777899 43990761 20081007 1817826793 0.00000 0.99960 0.00040 false false 100589927 100589927 8481972 6313788 2168184 8745895 6810483 1935412 12545931 4404309 8141622 112835145 COMMINGLED FUNDS 53393861 F PRIVATE EQUITY 2333586207 F 2386980068 0 ANNUITY & TRUST LIABILITIES 39780664 DEFERRED MANAGEMENT FEES 1292795 PROJECT COMMITMENT 200000 DEFERRED INFLOWS OF RESOURCES: SPLI 16488309 DEFERRED INFLOWS OF RESOURCES: EXTE 1913770 59675538 X 298908612 80339712 16708177 4851747 101899636 197008976 3520202 3520202 200529178 260412161 16708173 3840908 20549081 239863080 3520202 662709 4182911 244045991 SCHEDULE D, PART II, LINE 9: CONTRIBUTIONS TO THE LAND PRESERVE ARE GENERALLY RECORDED AT THEIR APPRAISED VALUE AT THE DATE OF THE GIFT, AND ARE CONSIDERED BY MANAGEMENT TO BE NON-REVENUE PRODUCING ASSETS. THE VALUE OF THE CONTRIBUTED NON-REVENUE PRODUCING ASSETS IS INCLUDED IN THE STATEMENT OF ACTIVITIES. SCHEDULE D, PART III, LINE 1A: THE FOUNDATION OWNS MOST OF THE COLLECTION OF THE SAMUEL P. HARN MUSEUM OF ART. THESE COLLECTION ITEMS ARE UNDER THE CONTROL OF THE HARN AND THESE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS AND PURCHASES SINCE INCEPTION, ARE NOT RECOGNIZED ON THE STATEMENT OF NET POSITION. THE FOUNDATION DOES NOT CAPITALIZE ITS PERMANENT COLLECTIONS DUE TO ACCREDITATION REQUIREMENTS IMPOSED BY THE AMERICAN ALLIANCE OF MUSEUMS. CONTRIBUTED COLLECTION ITEMS ARE RECORDED AS IN-KIND CONTRIBUTIONS AND OFFSETTING DECREASES (PROGRAM EXPENSE) IN THE APPROPRIATE NET POSITION CLASS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES (PROGRAM EXPENSE) IN THE APPROPRIATE NET POSITION CLASS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES (OTHER REVENUES) IN THE APPROPRIATE NET POSITION CLASS. SCHEDULE D, PART III, LINE 4: THE ORGANIZATION RECEIVES AND MAY HOLD ART OBJECTS AND OTHER COLLECTIONS, INCLUDING ARTIFACTS, BOOKS, MANUSCRIPTS, AND DOCUMENTS, EITHER GIFTED TO THE ORGANIZATION FOR THE BENEFIT OF THE UNIVERSITY OF FLORIDA OR ACQUIRED WITH FUNDS GIFTED FOR THAT PURPOSE. THESE OBJECTS ARE HELD FOR USE BY THE UNIVERSITY'S MUSEUMS AND LIBRARIES IN FURTHERANCE OF THE UNIVERSITY'S EDUCATIONAL MISSION. SCHEDULE D, PART V, LINE 4: ENDOWMENT FUNDS ARE ESTABLISHED FOR A MULTITUDE OF REASONS TO BENEFIT THE UNIVERSITY OF FLORIDA. THE REASONS INCLUDE, BUT ARE NOT LIMITED TO, PROFESSORSHIPS, SCHOLARSHIPS, RESEARCH, FACILITIES AND GENERAL COLLEGE SUPPORT. SCHEDULE D, PART V, ENDOWMENT FUNDS, SUPPLEMENTAL INFORMATION: ENDOWMENT NET ASSETS AND ACTIVITY FOR UNIVERSITY OF FLORIDA RELATED ENTITIES ARE NOT INCLUDED IN THE SCHEDULE ON PART V. THE ENDOWMENT NET ASSETS INCLUDING THOSE ENTITIES AT JUNE 30, 2023 IS AS FOLLOWS: ENDOWMENT NET ASSETS $ 2,333,536,909 HELD ON BEHALF OF UNIVERSITY OF FLORIDA RELATED ENTITIES 3,573,057 TOTAL UNIVERSITY ENDOWMENT $ 2,337,109,966 THE ENDOWMENT NET ASSETS INCLUDING THOSE ENTITIES AT JUNE 30, 2022 IS AS FOLLOWS: ENDOWMENT NET ASSETS $ 2,272,031,288 HELD ON BEHALF OF UNIVERSITY OF FLORIDA RELATED ENTITIES 3,485,270 TOTAL UNIVERSITY ENDOWMENT $ 2,275,516,558 SCHEDULE D, PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE FOUNDATION'S PRIMARY SOURCE OF UNRELATED BUSINESS INCOME IS FROM CERTAIN INVESTMENTS IN PRIVATE EQUITY PARTNERSHIPS. FOR THE FISCAL YEARS ENDED JUNE 30, 2023 AND 2022, THE FOUNDATION HAD CURRENT INCOME TAX (BENEFIT) EXPENSE OF $173,239 AND ($177,005), RESPECTIVELY, WHICH ARE INCLUDED AS AN ADJUSTMENT TO INVESTMENT RETURN IN THE ACCOMPANYING STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN VARIOUS STATE AND LOCAL JURISDICTIONS. TAX PERIODS OPEN TO EXAMINATION BY MAJOR TAXING JURISDICTIONS TO WHICH THE FOUNDATION IS SUBJECT INCLUDE FISCAL YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023. THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH U.S. GAAP FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. SCHEDULE D, PART XI, LINE 2B - DONATED SERVICES AND USE OF FACILITIES: IN-KIND OCCUPANCY RENT 1,431,505. DONATED SERVICES 239,223. FUNDRAISERS' SALARIES AND EXPENSES PAID BY THE UNIVERSITY OF FLORIDA 15,037,449. TOTAL TO SCHEDULE D, PART XI, LINE 2B 16,708,177. SCHEDULE D, PART XI, LINE 2D - OTHER ADJUSTMENTS: UF ALUMNI ASSOCIATION ACTIVITY REPORTED ON SEPARATE RETURN 2,439,929. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE ON PART VIII 738,270. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 367,175. RECLASSIFICATION OF EXPENSE ACCOUNTS ON FINANCIAL STATEMENTS 1,306,373. TOTAL TO SCHEDULE D, PART XI, LINE 2D 4,851,747. SCHEDULE D, PART XII, LINE 2D - OTHER ADJUSTMENTS: UF ALUMNI ASSOCIATION ACTIVITY REPORTED ON SEPARATE RETURN: 3,102,638. Rental Expenses Netted Against Rental Revenue on Part VIII: 738,270. Total to Schedule D, Part XII, Line 2d 3,840,908. SCHEDULE D, PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO THE UF ALUMNI ASSOCIATION NOT SHOWN FOR BOOK PURPOSES: 662,709. X X X X X X true RUFFALO NOEL LEVITZ PO Box 3018 CEDAR RAPIDS IA 52406 PHONE PROGRAM false 564258 883234 -318976 564258 883234 -318976 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NE NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI true UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 7256885 SCHOLARSHIPS UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 202135427 UNIV. PGRM. OTHER THAN SCHOLARSHIP UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 31284429 APPRAISAL, FMV TANGIBLE PROPERTY UNIV. PGRM. OTHER THAN SCHOLARSHIP UF ALUMNI ASSOCIATION PO BOX 14425 GAINESVILLE FL 32604 592911059 501(C)(3) 889341 UNIV. PGRM. OTHER THAN SCHOLARSHIP 2 SCHEDULE I, PART I, LINE 2: THE UNIVERSITY OF FLORIDA FOUNDATION, INC. TRANSFERS SCHOLARSHIP MONIES TO THE UNIVERSITY OF FLORIDA FINANCIAL AID OFFICE. MONITORING OF THESE FUNDS IS DONE BY THE UNIVERSITY'S FINANCIAL AID OFFICE. THE UNIVERSITY OF FLORIDA ALUMNI ASSOCIATION (UFAA) OPERATES AS A UNIT WITHIN THE UNIVERSITY OF FLORIDA FOUNDATION, INC. THEREFORE, ALL CASH DISBURSEMENTS FOR THE UFAA ARE SUBJECT TO THE SAME CONTROLS AS THE UNIVERSITY OF FLORIDA FOUNDATION, INC. THE UNIVERSITY OF FLORIDA FOUNDATION, INC. TRANSFERS BOTH CASH AND NON-CASH CONTRIBUTIONS TO SUPPORT THE UNIVERSITY OF FLORIDA, AN AFFILIATED ENTITY. ALL CONTRIBUTIONS RECEIVED ARE SUBJECT TO THE POLICIES AND PROCEDURES OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. AND ARE DEEMED ADEQUATE. 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OFFICER 292341 0 0 0 9917 0 34288 0 25203 0 361749 0 0 0 THOMAS J MITCHELL EXEC VICE PRESIDENT 704426 0 50000 0 214603 0 28609 0 27691 0 1025329 0 0 0 JOSEPH A MANDERNACH SENIOR ASSOCIATE VP 316251 0 0 0 18163 0 28488 0 43 0 362945 0 0 0 MARIA MARTIN INTERIM VICE PRESIDENT 242599 0 0 0 12908 0 23370 0 24555 0 303432 0 0 0 JONATHAN W CANNON Exec Director of development 195255 0 0 0 2189 0 19022 0 26191 0 242657 0 0 0 ANN LPOWERS Exec Director of Advancement 195864 0 0 0 600 0 18528 0 11255 0 226247 0 0 0 ANNA M HARPER Associate VP 192894 0 0 0 2116 0 22464 0 22179 0 239653 0 0 0 CODY HELMER Exec Director of Development 176754 0 0 0 1997 0 16748 0 11599 0 207098 0 0 0 JOE GLOVER DIRECTOR 0 514297 0 100000 0 9000 0 40934 0 13507 0 677738 0 0 CHRIS COWEN DIRECTOR 0 720994 0 0 0 27864 0 90945 0 11946 0 851749 0 0 W KENT FUCHS DIRECTOR 0 954684 0 0 0 193203 0 96288 0 23736 0 1267911 0 0 SCHEDULE J, PART I, LINE 1A: PRIVATE AIRCRAFT ARE USED, AS APPROPRIATE, WHEN UNIVERSITY OF FLORIDA FOUNDATION (UFF) LEADERSHIP NEED TO MAKE A BUSINESS TRIP WHEN THE TIMING OR LOCATION NECESSITATES THE USE OF SUCH PLANES. TRAVEL IS PROVIDED, ON FUNDRAISING TRIPS, FOR COMPANIONS OF UFF LEADERSHIP WHEN A BONA FIDE BUSINESS PURPOSE EXISTS. THESE BENEFITS ARE NOT TAXABLE INCOME TO THE RECIPIENTS ON SCHEDULE J, PART II. SCHEDULE J, PART I, LINE 3: THE UNIVERSITY OF FLORIDA, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION FOR THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: * INDEPENDENT COMPENSATION CONSULTANT * WRITTEN EMPLOYMENT CONTRACT * COMPENSATION SURVEY OR STUDY X 53 651247 FMV X 752426 FMV X 1 8278 FMV X 116 9915154 FMV X 5 2874769 FMV X 1 160000 FMV X 26 453381 FMV X EQUIPMENT & SUPPLIES 80 2712796 FMV X LIVESTOCK 3 770001 FMV X AUCTION ITEMS 2 1415 FMV 20 false true true SCHEDULE M, PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. SCHEDULE M, LINE 32B: THE FOUNDATION USES AUCTION HOUSES AND THIRD-PARTY BROKERS TO SELL DONATED PROPERTY. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE MISSION OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. IS TO EXCLUSIVELY SUPPORT AND ENHANCE THE UNIVERSITY OF FLORIDA, A COMPREHENSIVE LEARNING INSTITUTION BUILT ON A LAND-GRANT FOUNDATION, IN ITS MISSION OF "EXCELLENCE IN EDUCATION AND RESEARCH AND SHAPING A BETTER FUTURE FOR FLORIDA, THE NATION, AND THE WORLD," AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, BY CREATING AWARENESS, BUILDING RELATIONSHIPS, SECURING PRIVATE SUPPORT, RECOGNIZING DONORS, AND PERFORMING ALL BUSINESS-RELATED MATTERS TO ACCOMPLISH THESE PURPOSES. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR RESEARCH FUNDING. Expenses: $19,260,043 Including Grants of: $19,167,815 Revenue: $ NONE. THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA TO CONSTRUCT NEW BUILDINGS AND RENOVATE EXISTING FACILITIES TO ENHANCE THE EDUCATION EXPERIENCE OF ALL STUDENTS. EXPENSES: $15,061,540. INCLUDING GRANTS OF: $12,830,128. REVENUE: $ NONE. THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR OTHER PURPOSES, INCLUDING, BUT NOT LIMITED TO, SPECIAL EVENTS, PROJECTS AND PROGRAMS WITH MULTIPLE OR BROAD PURPOSES. EXPENSES: $9,692,451. INCLUDING GRANTS OF: $9,389,002. REVENUE: $ NONE. FORM 990, PART V, LINE 2A: THE 342 EMPLOYEES REPORTED ON FORM 990 PART V, LINE 2A, ARE LEGALLY UNIVERSITY OF FLORIDA EMPLOYEES, BUT 100% OF THEIR TIME IS DEDICATED TO THE UNIVERSITY OF FLORIDA FOUNDATION, INC. THE UNIVERSITY OF FLORIDA ACTS AS AN AGENT FOR PAYROLL SERVICES FOR THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 2: DIRECTORS RAHUL PATEL AND SWATI PATEL HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A: THE EXECUTIVE BOARD IS COMPOSED OF ELECTED DIRECTORS AND EX-OFFICIO OFFICERS. CANDIDATES FOR ELECTED DIRECTORS WILL BE REVIEWED BY THE BOARD NOMINATING ADVISORY COMMITTEE AND EACH CANDIDATE WILL BE SUBJECT TO CONFIRMATION BY THE UNIVERSITY PRESIDENT PRIOR TO STANDING FOR ELECTION. THE EXECUTIVE BOARD WILL ELECT THE DIRECTORS FROM THE CONFIRMED BOARD NOMINATING ADVISORY COMMITTEE SLATE, SUBJECT TO CONFIRMATION BY THE BOARD OF TRUSTEES BEFORE THEIR TERM COMMENCES. THE EX-OFFICIO DIRECTORS ARE FULL VOTING MEMBERS OF THE EXECUTIVE BOARD AND ARE: ONE APPOINTEE OF THE CHAIR OF THE BOARD OF TRUSTEES OR OF HIS OR HER DESIGNEE, THE UNIVERSITY PRESIDENT OR HIS OR HER DESIGNEE, TWO MEMBERS APPOINTED BY THE UNIVERSITY PRESIDENT, THE CHAIR OF THE DEANS/DIRECTORS DEVELOPMENT COUNCIL, A FACULTY REPRESENTATIVE CHOSEN BY THE EXECUTIVE VICE PRESIDENT IN CONSULTATION WITH UNIVERSITY AND FACULTY SENATE LEADERSHIP TO SERVE A TWO-YEAR TERM, THE IMMEDIATE PAST CHAIR OF THE FOUNDATION, AND THE CHAIRS OF THE FOLLOWING DESIGNATED COMMITTEES: BOARD NOMINATING, AUDIT, FINANCE, GOVERNANCE, PHILANTHROPY AND DONOR RELATIONS, AND TALENT MANAGEMENT. THE CHAIRS AND VICE CHAIRS OF EACH OF THE DESIGNATED COMMITTEES WILL BE REVIEWED BY THE BOARD NOMINATING ADVISORY COMMITTEE, AND ELECTED BY THE EXECUTIVE BOARD FOR 2 YEAR TERMS FROM THE BOARD NOMINATING ADVISORY COMMITTEE SLATE. FORM 990, PART VI, SECTION A, LINE 7B: ALL AMENDMENTS TO THE BYLAWS AND ARTICLES ARE SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES AND THE PRESIDENT. ALL AMENDMENTS TO THE BYLAWS ARE SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEE CHAIR, WITH NOTICE TO THE VICE CHAIR, AND THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B: AS BEST PRACTICES DICTATES, THE IRS FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE PRIOR TO ITS FILING. THE BOARD OF DIRECTORS OFFICIALLY DELEGATED THE RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE BY MOTION ADOPTED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C: THE CONFLICT OF INTEREST PROVISION OF THE FOUNDATION'S BYLAWS REQUIRES DISCLOSURE OF CONFLICTS. AT THE BEGINNING OF EACH FISCAL YEAR, DISCLOSURE FORMS ARE SENT TO EACH DIRECTOR AND OFFICER. ANY RESPONSES INDICATING A POSSIBLE CONFLICT ARE REVIEWED BY LEGAL COUNSEL AND THE ASSOCIATE VICE PRESIDENT TO DETERMINE WHETHER FURTHER ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY OF FLORIDA, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER UNIVERSITY FOUNDATIONS NATIONALLY. DISCUSSIONS AND DECISIONS PERTAINING TO MATTERS OF COMPENSATION ARE DOCUMENTED IN ACCORDANCE WITH UNIVERSITY, FOUNDATION, AND INDUSTRY GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19: ALL ARE AVAILABLE ON THE UNIVERSITY OF FLORIDA FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART VII, SECTION A, COLUMN E BOARD MEMBER W. KENT FUCHS IS AN EMPLOYEE OF THE UNIVERSITY OF FLORIDA, A RELATED ORGANIZATION. HE IS NOT COMPENSATED BY THE UNIVERSITY OF FLORIDA FOUNDATION NOR DOES HE PERFORM SERVICES FOR THE FOUNDATION AS A UNIVERSITY EMPLOYEE. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: RECLASSIFICATION OF EXPENSE ACCOUNTS ON CONSOLIDATED FINANCIAL STATEMENTS 1,306,377. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 367,175. TOTAL TO FORM 990, PART XI, LINE 9 1,673,552. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING THE INDEPENDENT AUDITOR HAS REMAINED THE SAME. THE REQUEST FOR PROPOSAL (RFP) PROCESS IS EVERY TEN YEARS TO ALIGN WITH THE FIVE YEAR PARTNER ROTATION. UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 UNIVERSITY FL N/A false UNIVERSITY OF FLORIDA ALUMNI ASSOCIATION 2012 W UNIVERSITY AVENUE GAINESVILLE FL 32603 592911059 SUPP. ORG. 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