2023-04-21T12:12:47-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-07-01 810362989 THE UNIVERSITY OF MONTANA FOUNDATION UNIV 4062432673 PO BOX 7159 MISSOULA MT 59807 JAMIE STANTON CFOO 4062432673 2023-04-20 1 JAMIE STANTON XXX-XX-XXXX SARAH HINTZ P00492291 3037795710 2023-04-21 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CINDY WILLIAMS PO BOX 7159 MISSOULA MT 59807 300203864 0 X WWW.SUPPORTUM.ORG X 1950 MT TO INSPIRE PHILANTHROPIC SUPPORT TO ENHANCE EXCELLENCE AND OPPORTUNITY AT THE UNIVERSITY OF MONTANA. 29 29 65 33 740710 644241 24063976 46719557 550000 580000 47817824 8482747 629731 1099325 73061531 56881629 15974372 24784623 0 0 5479496 5384697 441454 447122 2964171 2401854 3241865 24297176 33858307 48764355 23023322 368257135 356264940 43042464 37983183 325214671 318281757 THE UNIVERSITY OF MONTANA FOUNDATION INSPIRES PHILANTHROPIC SUPPORT TO ENHANCE EXCELLENCE AND OPPORTUNITY AT THE UNIVERSITY OF MONTANA. 0 0 12042752 11767003 1671162 ACADEMIC AND INSTITUTIONAL SUPPORT: TO PROVIDE ACADEMIC AND INSTITUTIONAL SUPPORT FOR THE UNIVERSITY OF MONTANA'S PROGRAMS AND PROJECTS. 7736338 7736338 0 CAPITAL PROJECTS: TO PROVIDE ACADEMIC AND INSTITUTIONAL SUPPORT FOR THE UNIVERSITY OF MONTANA'S CAPITAL PROJECTS. 5281282 5281282 0 SCHOLARSHIPS: TO PROVIDE ACADEMIC AND AWARDS TO UNIVERSITY OF MONTANA STUDENTS. 25060372 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 0 1 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 1 15 0 1 65 1 1 1 1 CJ GK 0 0 0 1 1 0 0 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA KY MD MA MI MN NH NJ NY OR PA SC UT WV X LYDIA LUDWIG 4062432673 PO BOX 7159 MISSOULA MT 59807 ROTH RICH CHAIR 1.50 X X 0 0 0 JAMES DOUG VICE-CHAIR 1.50 X X 0 0 0 DAHL BOBBI TREASURER 1.50 X X 0 0 0 ALVAREZ ALINA TRUSTEE 1.00 X 0 0 0 ANDERSEN ZAK TRUSTEE 1.00 X 0 0 0 BALDOCK JANE TRUSTEE 1.00 X 0 0 0 BARLOW DIANE TRUSTEE 1.00 X 0 0 0 BRENNER BILL TRUSTEE 1.00 X 0 0 0 BRONSON ROBERT TRUSTEE 1.00 X 0 0 0 BURKE JOHN TRUSTEE 1.00 X 0 0 0 CAMPBELL SHARILYN TRUSTEE (THRU 9/21) 1.00 X 0 0 0 DAVIDSON ANDREW TRUSTEE 1.00 X 0 0 0 EBERLING KATHY TRUSTEE 1.00 X 0 0 0 FRANKE PAIGE TRUSTEE 1.00 X 0 0 0 GILDER BRITNEY TRUSTEE 1.00 X 0 0 0 GOUDGE ANDREA TRUSTEE (THRU 9/21) 1.00 X 0 0 0 HANDLEY KAYREEN TRUSTEE 1.00 X 0 0 0 ISERN JENNIFER TRUSTEE 1.00 X 0 0 0 KNICK BILL TRUSTEE (THRU 9/21) 1.00 X 0 0 0 LEMCKE TOM TRUSTEE 1.00 X 0 0 0 LEVITAN MATT TRUSTEE 1.00 X 0 0 0 MARISKA JAMES TRUSTEE (THRU 9/21) 1.00 X 0 0 0 MCGUIRE COLLEEN TRUSTEE 1.00 X 0 0 0 MONAHAN JOE TRUSTEE 1.00 X 0 0 0 MURRAY JIM TRUSTEE 1.00 X 0 0 0 NONNENMACHER MARK TRUSTEE 1.00 X 0 0 0 PETERSON SUZANNE TRUSTEE 1.00 X 0 0 0 ROBINSON OWEN TRUSTEE 1.00 X 0 0 0 ROWE BOB TRUSTEE 1.00 X 0 0 0 STREICH JOHN TRUSTEE 1.00 X 0 0 0 SWAN JON TRUSTEE 1.00 X 0 0 0 VANSICKLE BILL TRUSTEE 1.00 X 0 0 0 WINSLOW STEVE TRUSTEE 1.00 X 0 0 0 WILLIAMS CYNTHIA PRESIDENT & CEO 40.00 X 273512 0 48524 STANTON JAMIE CHIEF FINANCE & OPERATIONS OFFICER 40.00 X 164424 0 38729 MACLEAN JACOB BOARD SECRETARY 40.00 X 57513 0 19174 RITRIEVI CHRISTOPHER VP OF DEVELOPMENT (THRU 06/21) 40.00 X 110906 0 25295 REARDON BRAD VICE PRESIDENT OF INFORMATION SYSTEMS 40.00 X 111325 0 31955 RUE HEATHER VP OF MARKETING & COMMUNICATIONS 40.00 X 116259 0 32557 JENNINGS TRACEY VP OF DEVELOPMENT 40.00 X 122703 0 28010 956642 0 224244 6 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONATHON 211500 ELLUCIAN 62578 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TECHNICAL SERVICES 209616 EAB PO BOX 603519 CHARLOTTE NC 59806 FUNDRAISING CONSULTATION 198282 3 1005685 67914 45645958 9423630 46719557 CONTRACT AGREEMENT UM 561499 580000 580000 580000 2905964 738690 2167274 2830 2830 248841670 243264887 5576783 5576783 5576783 60661 67914 57348 3313 3313 MISCELLANEOUS REVENUE 900099 699959 697939 2020 ADMIN FEE REVENUE 561499 393223 393223 1093182 56881629 1671162 740710 7750200 24737267 24737267 47356 47356 605824 409756 196068 3550225 2002278 1547947 377066 212740 164326 541617 331362 210255 309965 176868 133097 59984 55841 4143 67557 67557 447122 447122 1130886 1130886 245877 189829 56048 4855 2716 2139 234513 166753 67760 346647 345104 1543 266593 266593 61143 298 11468 49377 164906 111521 53385 79461 79461 38712 38712 UBIT TAXES 68554 68554 STUDENT ATHLETIC WEAR 270081 270081 ENTERTAINMENT 105952 5295 76576 24081 RECRUITMENT 44249 42547 1702 51895 75 46642 5178 33858307 25060372 5833764 2964171 1893 2000 10335836 10152942 20144583 15656754 270873 261507 146759 127848 3703746 402278 413234 3301468 69278910 74236744 256401759 242527641 11263288 9998036 368257135 356264940 1404060 2185015 22960352 20232365 18678052 15565803 43042464 37983183 X 12412824 6996119 312801847 311285638 325214671 318281757 368257135 356264940 X 23023322 -32079661 2123425 X X 0 1 X 1 0 X 30934144 29768656 30554993 24063976 46719557 162041326 30934144 29768656 30554993 24063976 46719557 162041326 28985357 133055969 4433484 5768779 3862740 3515792 2167274 19748069 0 0 1510344 525625 720476 2756445 2580599 1804464 1330526 609007 1093992 7418588 191964428 2796447 0.69310 0.63030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE REVENUE - 2017 AMOUNT: $ 1,734,765. 2018 AMOUNT: $ 1,017,548. 2019 AMOUNT: $ 476,946. 2020 AMOUNT: $ 447,115. 2021 AMOUNT: $ 393,223. MISC REVENUE - 2017 AMOUNT: $ 845,834. 2018 AMOUNT: $ 786,916. 2019 AMOUNT: $ 853,580. 2020 AMOUNT: $ 161,892. 2021 AMOUNT: $ 700,769. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 42000 42000 30854113 30896113 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 637 2261 42000 44898 250000 250000 250000 250000 1000000 1500000 0 1 X 211150264 11247897 -14256539 6222648 3469692 198449282 161651453 11660753 46728998 5575274 3315666 211150264 163187029 9777370 -2831380 5180916 3300650 161651453 147044736 17526721 6848922 5107597 3125753 163187029 136272986 8845573 9037563 4191161 2920225 147044736 0.00000 1.00000 0.00000 1 0 1300000 25000 1325000 149208 52389 96819 683464 349889 333575 1546074 1546074 3301468 ALTERNATIVE INVESTMENTS 242527641 F 242527641 SPLIT INTEREST AGREEMENTS 15565803 15565803 25925008 -32079661 2123425 -29956236 55881244 1057733 -57348 1000385 56881629 32857922 0 32857922 1057733 -57348 1000385 33858307 PART IV, LINE 2B: THE UNIVERSITY OF MONTANA FOUNDATION HOLDS ASSETS ON BEHALF OF THE UNIVERSITY OF MONTANA, THE UNIVERSITY OF MONTANA ALUMNI ASSOCIATION, AND THE GRIZZLY SCHOLARSHIP ASSOCIATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,123,425. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS -57,348. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS -57,348. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 33830103 EUROPE 0 0 INVESTMENTS N/A 1585065 0 0 0 0 0 0 35415168 0 35415168 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN (F): THE ACCOUNTING METHOD USED IS ACCRUAL. X X X X X X 1 EAB PO BOX 603519 CHARLOTTE NC 28260 DIRECT MAILING & DAY OF GIVING 0 394810 165120 229690 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONATHON AND DIRECT MAIL 0 216538 282002 -65474 611348 447122 164216 AK AL AR CA CO CT DC DE FL GA HI ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV IA AZ SD TX VT WY ODYSSEY OF THE STARS 69384 58374 11010 13516 GLAM JAM - ATHLETIC 24913 120 24793 3177 300 14400 2 34278 9420 24858 1220 6991 17744 128575 67914 60661 1220 3177 7291 45660 57348 3313 1 THE UNIVERSITY OF MONTANA 32 CAMPUS DRIVE MISSOULA MT 59812 816001713 STATE OF MT 24020001 714766 FMV ART, EQUIPMENT, INSTRUMENTS AND MUSIC, SUPPLIES, FOOD ACADEMIC AND INSTITUTIONAL SUPPORT, CAPITAL PROJECTS, AND SCHOLARSHIPS 1 0 POST GRAD AWARDS 4 47356 0 N/A N/A PART I, LINE 2: ALL GRANT REQUESTS ARE REVIEWED TO ENSURE THEY ARE IN ACCORDANCE WITH THE DONOR'S CRITERIA AND THE FOUNDATION'S ACCOUNTS PAYABLE POLICY. ADDITIONALLY, GRANT REQUEST MUST BE FROM AN AUTHORIZED UNIVERSITY OF MONTANA REPRESENTATIVE. X X X 0 0 0 0 0 0 0 0 0 WILLIAMS CYNTHIA PRESIDENT & CEO 242957 0 24000 0 6555 0 30994 0 17530 0 322036 0 0 0 STANTON JAMIE CHIEF FINANCE & OPERATIONS OFFICER 163424 0 1000 0 0 0 19213 0 19516 0 203153 0 0 0 JENNINGS TRACEY VP OF DEVELOPMENT 121703 0 1000 0 0 0 13737 0 14273 0 150713 0 0 0 BRAD REARDON FAMILY MEMBER OF JAMIE STANTON, CURRENT OFFICER 138516 COMPENSATION 0 X 17 614994 FAIR MARKET VALUE X 65 7402450 FAIR MARKET VALUE X 1 1300000 FAIR MARKET VALUE X 4 3107 FAIR MARKET VALUE X DURABLE MEDICAL EQUIPMENT 22 85455 FAIR MARKET VALUE X MISC 3 11534 FAIR MARKET VALUE X INSTRUMENTS 3 3000 FAIR MARKET VALUE X EQUIPMENT/SUPPLIES 1 1592 FAIR MARKET VALUE X AUCTION ITEMS UNDER 100.00 14 1048 FAIR MARKET VALUE X AUCTION ITEMS OVER 100.00 2 450 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIR, PAST CHAIR, VICE CHAIR, TREASURER, CHAIRS OF STANDING COMMITTEES, AND NON VOTING MEMBERS ARE UMF PRESIDENT AND SECRETARY. THE EXECUTIVE COMMITTEE HAS GENERAL OVERSIGHT OVER ALL QUESTIONS AFFECTING THE POLICY, PROPERTY, STAFF AND GENERAL PURPOSES OF THE FOUNDATION. THE EXECUTIVE COMMITTEE WILL AVOID USURPATION OF DECISION MAKING BY THE BOARD. HOWEVER, DURING INTERVALS BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE EXERCISES THE POWER AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE PROPERTY AND AFFAIRS OF THE FOUNDATION, EXCEPT THE POWER TO ELECT TRUSTEES AND OFFICERS. FORM 990, PART VI, SECTION A, LINE 2 CFOO JAMIE STANTON AND VP BRAD REARDON HAVE A FAMILY RELATIONSHIP. ANDREW DAVIDSON IS A BOARD TRUSTEE AND HE HOLDS A BUSINESS RELATIONSHIP WITH DAVIDSON INVESTMENT ADVISORS, WHERE THE ORGANIZATION HAS A SUBSTANTIAL AMOUNT OF MONEY INVESTED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY MANAGMENT. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE AUDIT FINANCE COMMITTEE OF THE BOARD AND IS AVAILABLE FOR REVIEW BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. INDIVIDUAL TRUSTEES MUST DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST TO THE CHAIR OF THE GOVERNANCE COMMITTEE, OR IF THE CONFLICT IS IDENTIFIED DURING A BOARD MEETING THEN TO THE TRUSTEE CHAIRING THE MEETING. AFTER DISCLOSURE OF THE CONFLICT, THE INDIVIDUAL TRUSTEE SHALL RECUSE THEMSELVES FROM DISCUSSIONS AND VOTES ON THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE FOUNDATION'S PRESIDENT/CEO IS REVIEWED ON AN ANNUAL BASIS BY THE TALENT COMMITTEE OF THE BOARD OF TRUSTEES. SALARY SURVEYS ARE REFERENCED BY THE COMMITTEE IN DETERMINING SALARY. A RECOMMENDATION IS THEN MADE TO THE FULL BOARD AND ONCE THAT DECISION IS APPROVED, HR IS PROVIDED THE FINAL DECISION AND UPDATED EMPLOYMENT CONTRACTS ARE DRAFTED. DELIBERATIONS ARE DOCUMENTED WITHIN THE MEETING MINUTES. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2021. COMPENSATION FOR EXECUTIVE EMPLOYEES AND THE SECRETARY ARE REVIEWED ON AN ANNUAL BASIS BY THE CEO, AND COMPARED TO PEER INSTITUTIONS THROUGH INDEPENDENT SALARY SURVEYS. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY AUDITED FINANCIAL STATEMENTS, AND ANNUAL REPORTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,123,425. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THE UNIVERSITY OF MONTANA 32 CAMPUS DRIVE MISSOULA MT 59812 816001713 HIGHER EDUCATION MT N/A 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0