2024-05-15T14:30:40-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 237098404 University of Idaho Foundation Inc UNIV 2088854000 875 Perimeter Drive MS 3143 Moscow ID 838443143 Frank Clarke Controller 2088854000 2024-05-15 1 Frank Clarke 999009999 1 Kim Hunwardsen CPA P00484560 6122536500 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Shawna Lindquist 875 Perimeter Drive MS 3143 Moscow ID 838443143 203227422 0 X www.uidahofoundation.org X 1970 ID Inspire, manage & distribute private support to enhance the excellence of University of Idaho 21 21 0 21 234789 84776 47443089 28211033 534558 135355 7134729 11053209 110286 173509 55222662 39573106 33552937 27031058 0 0 1481032 1549612 0 0 0 1687696 1605427 36721665 30186097 18500997 9387009 439325192 465018022 24495769 25257560 414829423 439760462 The mission of the University of Idaho Foundation, Inc. is to inspire, manage, and distribute private support to enhance the excellence of the University of Idaho. 0 0 13702639 12412474 Accept gifts and contributions from the general public for educational purposes and award such funds to the University of Idaho. Number of non-endowment donors: 6,306 15908748 14618584 192580 Manage, invest, and distribute endowoment funds for the purpose of generating revenue to be awarded to the University of Idaho for scholarships, student focused programs, faculty, research, and other support. Number of endowment donors: 1,868 Number of endowments: 1,837 29611387 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 WA X X X Frank Clarke Controller 2088854000 875 Perimeter MS 3143 Moscow ID 838443143 Linda Copple Trout Chair 10.00 X X 0 0 0 Clint Marshall Vice Chair 4.00 X X 0 0 0 Blair Wilson Treasurer 4.00 X X 0 0 0 Dave Butler Secretary 4.00 X X 0 0 0 Craig Olson Past Chair 4.00 X X 0 0 0 Linda Davidson Director 2.00 X 0 0 0 Robert Dixon Director 2.00 X 0 0 0 Kirby Dyess Director 2.00 X 0 0 0 Annette Elg Director 2.00 X 0 0 0 Mark Engberg Director 2.00 X 0 0 0 Rod Gramer Director 2.00 X 0 0 0 John Hale Director 2.00 X 0 0 0 Mary Hasenoehrl Director 2.00 X 0 0 0 Dan Hutchinson Director 2.00 X 0 0 0 Bob Maynard Director 2.00 X 0 0 0 Bill McCann Director 2.00 X 0 0 0 Lee McCollum Director 2.00 X 0 0 0 Earl Reed Director 2.00 X 0 0 0 Helen Stevenson Director 2.00 X 0 0 0 Jo Anne Stringfield Director 2.00 X 0 0 0 Bob Urso Director 2.00 X 0 0 0 Shawna Lindquist Interim Executive Director 40.00 X 148078 0 59668 Deborah Bell Director of Finance 40.00 X 142120 0 57677 David Renner Systems Analyst 40.00 X 100827 0 41475 391025 0 158820 3 0 1 0 Cambridge Associates 100 Summer St Boston MA 02110 Investment Consultant 225000 LSV Asset Management 155 North Wacker Drive Chicago IL 60606 Investment Manager 209726 Walter Scott 1 Charlotte Sq Edinburgh Scotland UK EH24DZ Investment Manager 202027 Polen Capital 1825 NW Corporate Blvd Suite 300 Boca Raton FL 33431 Investment Manager 121918 4 28211033 2785820 28211033 Prev distributed gifts 900099 135355 135355 135355 8355485 234789 8120696 3450 3450 112834 0 112834 112834 112834 166352040 163654316 2697724 2697724 2697724 SAY Proceeds 900099 56979 56979 Commission Recapture 900099 246 246 57225 39573106 192580 234789 10934704 27031058 27031058 391025 344102 46923 724676 637715 86961 433911 381842 52069 100839 19715 81124 36200 36200 1239798 1098250 141548 1512 1512 22328 15883 6445 22453 22453 50300 50300 29782 29782 2166 2166 11654 11654 Credit card fees/proc 71212 71212 RE taxes/property 11610 11610 Subscriptions/fees 5573 5573 30186097 29611387 574710 0 32981400 38384696 9386247 7592891 678469 265586 4846850 0 4846850 4846850 303932123 315332339 87007370 98095749 492733 499911 439325192 465018022 13563606 14827648 2659413 4198301 8272750 6231611 24495769 25257560 X 123672494 134327176 0 0 291156929 305433285 414829423 439760462 439325192 465018022 X 9387009 16184304 -640274 X X 0 1 X 1 0 X 22015344 25046410 34046108 47443089 28211033 156761984 22015344 25046410 34046108 47443089 28211033 156761984 6656010 150105974 6970898 6577083 6001525 7245015 8236980 35031501 25878 84776 110654 9311 50646 233816 1353 246 295372 192199511 903823 0.78100 0.79020 X Schedule A, Part II, Line 10, Explanation of Other Income: Commission Recapture - 2018 Amount: $ 2,450. 2019 Amount: $ 3,537. 2020 Amount: $ 6,000. 2021 Amount: $ 1,353. 2022 Amount: $ 246. Change in CSV - 2018 Amount: $ -6,704. 2019 Amount: $ 45,773. 2020 Amount: $ 182,439. Other - 2018 Amount: $ 13,565. 2019 Amount: $ 1,336. 2020 Amount: $ 45,377. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 359276858 13469477 26210896 14946260 3037803 380973168 375861665 22888613 -23380773 13649168 2443479 359276858 288484373 15528879 87013468 12803150 2361905 375861665 291908415 9368133 -1173149 12056598 1908726 286138075 280635769 8961564 15613514 11616095 1686337 291908415 0.02030 0.97970 0.00000 0 0 4846850 4846850 4846850 Private Equity Funds 60931753 F Debt Funds 11892495 F International Equity Funds 25271501 F 98095749 Split Interest Trusts 6231611 6231611 55764589 16184304 7179 16191483 39573106 0 39573106 30833550 647453 647453 30186097 0 30186097 Part V, Line 4: Provide scholarships and support to the University of Idaho Part XI, Line 2d - Other Adjustments: Change in CSV Life Insurance 7,179. Part XII, Line 2d - Other Adjustments: Uncollectable Pledges 647,453. East Asia and Pacific 0 0 Investments 3852939 Europe 0 0 Investments 9935887 North America 0 0 Investments 775368 0 0 0 0 0 0 14564194 0 14564194 1 0 1 1 1 0 Part III Accounting Method: Schedule F, Part IV: The Foundation reviews its direct and indirect investments during the tax period for determining required foreign filings. The Foundation makes direct and indirect transfers to foreign corporations and foreign partnerships. The Foundation would file Form 926 or Form 8865 if the transfers met the requirements for filing. The Foundation's transfers to foreign corporations did not require filing Form 926. The Foundation's transfers to foreign partnerships did require filing Form 8865. The Foundation has ownership interests in foreign corporations and foreign partnerships. The Foundation would file Form 5471 or Form 8865 if the ownership met the requirements for filing. The Foundation's ownership in foreign corporations did not require filing Form 5471. The Foundation's ownership in foreign partnerships did not require filing Form 8865. The Foundation invests in partnerships that hold direct or indirect interests in passive foreign investment companies (PFICs). The Foundation would file Form 8621s for underlying investments that generate unrelated business income. The Foundation would not file Form 8621s where the investment partnerships have properly filed Form 8621s, or where the underlying investments did not generate any unrelated business income. The Foundation did not require filing Form 8621. 1 University of Idaho 875 Perimeter Dr Moscow ID 83844 826000094 State of Idaho 27031058 0 Scholarships, student related programs, faculty, research, and program support 1 0 Part I, Line 2: Monitoring the use of grants or other assistance: The University of Idaho Foundation processes gifts and makes distributions to the University of Idaho. Internal controls are employed to safeguard assets. The University of Idaho completes a review and sign off to verify the funds are distributed correctly after the University receives the funds. Distributions to the University of Idaho are made in accordance with endowment agreements, gift use agreements, and donor directives. 0 0 0 0 0 0 0 0 0 Shawna Lindquist Interim Executive Director 148078 0 0 0 0 0 0 0 59668 0 207746 0 0 0 Deborah Bell Director of Finance 142120 0 0 0 0 0 0 0 57677 0 199797 0 0 0 Form 990, Sch J, Part II The University of Idaho provides Payroll services including payments, tax withholding, and reporting for employees contractually loaned to the University of Idaho Foundation. The University of Idaho Foundation reimburses the University for these expenses. Therefore, the Foundation reported the compensation as if paid by the Foundation itself. X 124 2783391 Avg High/Low X Gift of Grain 1 2429 Market Value 0 0 1 0 Part I, Column (b): Column (b) includes donations of 124 securities from 46 donors and 1 gift of grain from one donor. Part I, Line 32b: The Board of Directors established a Gift Acceptance Committee with formal policies and procedures requiring the review and approval of gifts of property and other non-standard gifts. Form 990, Part VI, Section A, line 8b There are no committees with broad authority to act on behalf of the Governing Body. Form 990, Part VI, Section B, line 11b The completed Form 990 is made available and included in the Board of Directors materials for review by all directors before filing the return. At the Board meeting preceding the filing of the tax return, the Director of Finance answers questions and reviews with the Operations Committee and Board of Directors to facilitate the review. Form 990, Part VI, Section B, line 12c On an annual basis, directors including officers are required to review and complete a conflict of interest disclosure. If a conflict of interest is deemed to exist, the person with such conflict is forbidden from involvement in any action for that particular matter. Form 990, Part VI, Section B, line 15 All staff are subject to annual reviews. Salaries are approved during the annual budget process and are subject to Human Resources salary ranges and market restrictions/reviews. Form 990, Part VI, Section C, line 19 Audited financial statements are posted to the website www.uidahofoundation.org. Governing documents and conflict of interest policies are maintained in the University of Foundation office and available upon request. Form 990, Part XI, line 9: Write off of uncollectable pledges -647,453. Change in CSV Life Insurance 7,179. Form 990, Part XII, Line 2c The Board of Directors approves the financial statements and selects the independent auditor of the financial statements.