2023-05-10T08:34:27-04:00 2022-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2021-07-01 141503972 UNIVERSITY AT ALBANY FOUNDATION UNIV 5184375090 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 FARDIN SANAI EXECUTIVE DIRECTOR 5184375090 2023-05-08 true FARDIN SANAI XXX-XX-XXXX STEPHANIE LONCZAK P01880207 5184274600 2023-05-10 2021 2023-04-26 12:10:37Z FARDIN SANAI 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 31787591 false X WWW.ALBANY.EDU/UAFOUNDATION X 1967 NY THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. 37 37 9 37 220732 10896160 10225824 840207 684262 6729976 4612687 685105 697662 19151448 16220435 3324624 4492006 0 743774 786401 15000 22500 490263 2782035 3473727 6865433 8774634 12286015 7445801 168467650 162512695 14670794 13562329 153796856 148950366 X THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. false false 7090243 4492006 254039 HIGHER EDUCATION PROGRAM - ADMINISTER FUNDS FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE UNIVERSITY AT ALBANY, SUNY, ITS STUDENTS, FACULTY, STAFF AND ALUMNI. SCHOLARSHIPS, AWARDS, AND EMERGENCY STUDENT ASSISTANCE WERE PROVIDED TO 2,765 INDIVIDUALS. 430223 ADMINISTRATIVE SERVICES - PROVIDE MANAGEMENT AND ACCOUNTING SERVICES TO ORGANIZATIONS WHOSE PURPOSE IS TO ADVANCE THE EDUCATIONAL AND RESEARCH MISSION OF THE STATE UNIVERSITY OF NEW YORK AND THE STATE UNIVERSITY OF NEW YORK AT ALBANY. 7090243 true true false true false false false true false true true true false false true true false true false false true false false true true false false true true true false false false false false false false false true false false false false true true true true false true 208 0 true 9 true true true false false false false true true false false false false false false X 37 37 false false false false true true false true true false false true true true true true true true true false NY AK CA HI KY MD MA MI MN NH NJ OR PA SC UT VA WV WI X X RICHARD MCGINN JR 5184375090 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 X RICHARD MCGINN JR CHIEF FINANC 24.37 13.13 X 213585 0 22392 CHRISTOPHER LOSAVIO CONTROLLER 30.00 7.50 X 130430 0 13838 FRANCIS ZERONDA ADMIN COUNSE 0.00 30.00 X 119059 0 12912 FARDIN SANAI EXECUTIVE DI 5.00 1.00 X 11794 0 0 HAVIDAN RODRIGUEZ DIRECTOR 1.00 1.00 X 4153 0 0 GEORGE HEARST III PRESIDENT 1.00 1.00 X X 0 0 0 LEWIS WIENER VICE PRESIDE 1.00 X X 0 0 0 JEFFREY BLACK TREASURER 1.00 1.00 X X 0 0 0 BRIAN STRAUGHTER SECRETARY 1.00 1.00 X X 0 0 0 NOLAN ALTMAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL BORYS DIRECTOR 1.00 X 0 0 0 PETER BULGER DIRECTOR 1.00 X 0 0 0 MICHAEL CASTELLANA DIRECTOR 1.00 X 0 0 0 SAUL CURTIS DIRECTOR 1.00 X 0 0 0 KATHLEEN DENNIS DIRECTOR 1.00 X 0 0 0 LOUIS DESORBO DIRECTOR 1.00 X 0 0 0 JULIANNA DEFEO DIRECTOR 1.00 X 0 0 0 ELDA DI RE DIRECTOR 1.00 X 0 0 0 LISA FUND DIRECTOR 1.00 X 0 0 0 MARY HAGGERTY DIRECTOR 1.00 X 0 0 0 KEITH HYNES DIRECTOR 1.00 X 0 0 0 SHARON KANTOR DIRECTOR 1.00 X 0 0 0 AMY KNAPP DIRECTOR 1.00 1.00 X 0 0 0 ROANNE KULAKOFF DIRECTOR 1.00 X 0 0 0 WILLIAM LANFORD DIRECTOR 1.00 X 0 0 0 MARYANNE LAVAN DIRECTOR 1.00 X 0 0 0 MEG PICOTTE MACCLARENCE DIRECTOR 1.00 X 0 0 0 JOHN NAUMANN DIRECTOR 1.00 X 0 0 0 WILLIAM NEWMAN DIRECTOR 1.00 X 0 0 0 DANIEL NOLAN DIRECTOR 1.00 X 0 0 0 DEBRA POLLARD DIRECTOR 1.00 X 0 0 0 KIMBERLY SANGER JONES DIRECTOR 1.00 X 0 0 0 ROBERT SCHWARTZ DIRECTOR 1.00 X 0 0 0 SUSAN SHIPHERD DIRECTOR 1.00 X 0 0 0 MAUREEN SWEENEY DIRECTOR 1.00 X 0 0 0 EDWARD SWYER DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL WEILHEIMER DIRECTOR 1.00 X 0 0 0 MARK YANG DIRECTOR 1.00 X 0 0 0 TODD FOREMAN DIRECTOR 1.00 1.00 X 0 0 0 JONATHAN JONES DIRECTOR 1.00 X 0 0 0 CANON KAY HOTALING DIRECTOR 1.00 X 0 0 0 479021 49142 3 false true false PRIME BUCHHOLZ LLC PO BOX 16011 LEWISTON ME 04243 INV CONSULTANT 135697 RUSSELL REYNOLDS ASSOCIATE CHURCH STREE STATION PO BOX 6427 NEW YORK NY 10249 EXEC SEARCH 115724 MAGICWIG PRODUCTIONS INC PO BOX 162 GUILDERLAND NY 12084 A/V PRODUCTION 106700 3 40420 10185404 296118 10225824 ADMINISTRATIVE FEE INCOME 561000 430223 430223 PROGRAM ACTIVITIES 611710 254039 254039 684262 1854250 -156243 2010493 1106278 410788 695490 695490 695490 17887086 15128649 2758437 2758437 376975 2381462 29891 40420 27719 2172 2172 16220435 684262 220732 5089617 X 886139 886139 3605867 3605867 282570 5069 277501 378623 378623 38009 38009 45040 45040 42159 42159 17156 7156 10000 63044 63044 24750 24750 22500 22500 164550 164550 255935 249612 2589 3734 24339 24339 403849 385768 9091 8990 28065 28065 SUPPLIES AND SERVICES 478119 292722 70267 115130 UNIVERSITY STAFFING 417363 417363 DUES, MEMBERSHIPS AND FEE 314036 314036 COMPUTER SUPPLIES AND SER 264102 264102 1018419 620476 68034 329909 8774634 7090243 1194128 490263 X 1835715 2485976 1000 1000 13991380 12074929 676473 559618 975653 285423 1033833 690230 83830667 72155632 64057850 71330573 3040732 3214737 168467650 162512695 441026 690237 14229768 12872092 14670794 13562329 X 29200220 26055504 124596636 122894862 153796856 148950366 168467650 162512695 7445801 -12292291 X false true X true false X 9895590 11391153 11578066 10896160 10225824 53986793 9895590 11391153 11578066 10896160 10225824 53986793 5444848 48541945 3128542 3345802 1952237 2633847 3116771 14177199 29891 29891 68193883 4653008 0.71180 0.72180 X PART II, LINE 10 FUNDRAISING INCOME 29,891 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 24750 24750 false SCHEDULE C, PART II-B, LINE 1 THE FOUNDATION MADE PAYMENTS TO A PUBLIC RELATIONS FIRM TO LOBBY THE NEW YORK STATE EXECUTIVE AND LEGISLATIVE BRANCHES ON MATTERS REGARDING BUDGET, REGULATORY AND LEGISLATIVE ISSUES OF IMPORTANCE TO THE STATE UNIVERSITY OF NEW YORK AT ALBANY. THIS IS A REOCCURRING RELATIONSHIP THAT COINCIDES WITH THE ANNUAL NEW YORK STATE BUDGET DEVELOPMENT PROCESS. 2298500 X X X false 102701928 3628560 -2556482 1571551 1345860 100856595 77649961 6543838 20906713 1297431 1101153 102701928 75126461 4925874 -431548 1014978 955848 77649961 71700966 3140438 2388330 1142454 960819 75126461 65342155 4916693 3380091 947340 990633 71700966 0.06180 0.91370 0.02450 false false 934805 255898 678907 40848 29525 11323 690230 LIMITED PARTNERSHIPS 71330573 F 71330573 LIABILITIES ASSOCIATED WITH INVESTME 11482800 ANNUITY AND LIFE INCOME OBLIGATIONS 1389292 12872092 X 10855135 -12292291 6929199 -5363092 16218227 164550 -162342 2208 16220435 16664722 8054638 8054638 8610084 164550 164550 8774634 SCHEDULE D, PAGE 2, PART III, LINE 4 THE FOUNDATION'S ART AND HISTORICAL COLLECTION CONSISTS OF PAINTINGS, PHOTOGRAPHS, BOOKS, HISTORICAL PAPERS, AND MEDIA. THE COLLECTION ADDS TO THE SCHOLARLY RESOURCES AND EXHIBITS AVAILABLE AT THE UNIVERSITY AT ALBANY'S ART MUSEUM AND LIBRARIES FOR THE BENEFIT OF ITS STUDENTS AND FACULTY. SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS ARE HELD TO BENEFIT THE UNIVERSITY AT ALBANY WITH ALL ENDOWMENTS RESTRICTED TO STUDENT ASSISTANCE OR SPECIFIC PROGRAMS WITHIN THE UNIVERSITY. ENDOWMENT FUNDS ARE INVESTED TO MAXIMIZE INVESTMENT RETURN WHILE PRESERVING THE INFLATION-ADJUSTED PURCHASING POWER OF THE PORTFOLIO. THIS SHOULD PROVIDE A RELATIVELY PREDICTABLE, CONSTANT AND STABLE STREAM OF FUNDS FOR CURRENT USE. SCHEDULE D, PAGE 3, PART X THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. CHANGES IN RECOGNITION IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION BELIEVES IT HAS TAKEN NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2022 AND 2021. SCHEDULE D, PAGE 4, PART XI, LINE 2D CONSOLIDATED ENTITY ACTIVITY - UABDC 6,929,199 SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL REAL ESTATE EXPENSES -410,788 DIRECT EXPENSES FOR FUNDRAISING EVENTS -27,719 REV ON RETURN ELIMINATED IN CONSOLIDATION ON FINANCIALS 276,165 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL REAL ESTATE EXPENSES 410,788 DIRECT EXPENSES FOR FUNDRAISING EVENTS 27,719 CONSOLIDATED ENTITY ACTIVITY - UABDC 7,616,131 CARIBBEAN INVESTMENTS 34089000 EUROPE INVESTMENTS 3438000 37527000 37527000 true false true true true false SCHEDULE F, PAGE 1, PART I, LINE 3 CARIBBEAN 0 34,089,000 EUROPE 0 3,438,000 X X X X X X true HARVEST FUND RAISING COUNSEL 3 KINGSWOOD DR NEW HOPE PA 18938 STRATEGIC false 22500 -22500 22500 -22500 All States ATHLETICS FUNDR 70311 40420 29891 25925 1794 70311 40420 29891 25925 1794 27719 2172 true STATE UNIV OF NEW YORK AT ALBANY 1400 WASHINGTON AVE ALBANY NY 12222 147400260 GOV 789443 BOOK V/FMV BLDG IMPR/EQUIP CAPITAL CONTRIBUTION ALBANY MEDICAL COLLEGE 47 NEW SCOTLAND AVE ALBANY NY 12208 141338310 3 49530 HEALTH RESEARCH ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS 777 S HARBOUR ISLAND BLVD STE 750 TAMPA FL 33602 436036286 3 14000 SPONSORSHIP IN OUR OWN VOICES INC 245 LARK STREET ALBANY NY 12210 141804364 3 10000 PROGRAM SUPPORT 4 SCHOLARSHIPS AND AWARDS 2765 3605867 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION'S PURPOSE IS TO SUPPORT THE STATE UNIVERSITY OF NEW YORK AT ALBANY (UNIVERSITY), ITS STUDENTS, FACULTY, AND OTHER ORGANIZATIONS WHO PROVIDE ASSISTANCE TO THE UNIVERSITY. NO SUPPORT IS GIVEN BY THE FOUNDATION TO ANY INDIVIDUAL OR ORGANIZATION WHO IS NOT THE UNIVERSITY, A STUDENT OR FACULTY OF THE UNIVERSITY, OR AN ORGANIZATION WHO DOES NOT PROVIDE ASSISTANCE TO THE UNIVERSITY SYSTEM. SCHOLARSHIP RECIPIENTS ARE MONITORED EACH SEMESTER BY THE UNIVERSITY'S FINANCIAL AID OFFICE FOR COMPLIANCE WITH FOUNDATION, STATE AND FEDERAL REQUIREMENTS. X true true X false false false false false false false false false RICHARD MCGINN JR CHIEF FINANC OFFICER 201632 11953 20507 1885 235977 SCHEDULE J, PAGE 1, PART I, LINE 1A THE FOUNDATION PAYS SOCIAL CLUB DUES FOR FARDIN SANAI (UNIVERSITY AT ALBANY FOUNDATION EXECUTIVE DIRECTOR/UNIVERSITY AT ALBANY VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT) AND HAVIDAN RODRIGUEZ (UNIVERSITY AT ALBANY FOUNDATION DIRECTOR/UNIVERSITY AT ALBANY PRESIDENT). THE DUES HAVE BEEN REPORTED AS TAXABLE COMPENSATION. X 27 296118 FAIR VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B THE UNIVERSITY AT ALBANY FOUNDATION HAS A BROKERAGE ACCOUNT IN ITS NAME WITH A FINANCIAL INSTITUTION WHERE ALL CONTRIBUTIONS OF SECURITIES ARE TRANSFERRED INTO. THE FOUNDATION EXECUTES ALL SALES OF THE SECURITIES THROUGH THE INSTITUTION'S ONLINE TRADING PLATFORM. SCHEDULE M, PAGE 2, PART II PART I, COLUMN (B) - THE NUMBER OF CONTRIBUTIONS ARE REPORTED IN PART I, COLUMN (B). FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE DIRECTORS OF THE CORPORATION. THE MEMBERS SHALL HAVE ALL RIGHTS OF MEMBERS AS SPECIFIED IN THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW. THE DIRECTORS OF THE BOARD SHALL CONSIST OF ELECTED AND EX OFFICIO DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED AS FOLLOWS: 5 MEMBERS FROM PERSONS NOMINATED BY THE ALUMNI ASSOCIATION BOARD; 1 MEMBER FROM PERSONS NOMINATED BY THE BENEVOLENT ASSOCIATION BOARD; 10 MEMBERS FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 3 MEMBERS, WHO ARE MEMBERS OF THE UNIVERSITY'S FACULTY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 1 MEMBER WHO IS A MEMBER OF THE UNIVERSITY'S STUDENT BODY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 30 AT-LARGE MEMBERS FROM PERSONS NOMINATED BY THE BOARD. EACH DIRECTOR, INCLUDING THE EX OFFICIO DIRECTORS, SHALL HAVE THE SAME POWERS AND ONE VOTE ON ANY MATTERS BEFORE THE BOARD, EXCEPT THE EXECUTIVE DIRECTOR OF THE CORPORATION, WHO SHALL HAVE NO VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES A DRAFT OF FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING. THE AUDIT COMMITTEE MEETS TO COMMENT ON FORM 990 AND ANY REVISIONS WILL BE DISCUSSED AT THAT TIME. A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES, AS ULTIMATELY FILED WITH THE IRS) WAS PROVIDED TO EACH VOTING MEMBER OF THE BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EVERY NEW DIRECTOR, OFFICER OR EMPLOYEE OF THE FOUNDATION IS ADVISED OF THE CONFLICTS OF INTEREST POLICY UPON ENTERING THE DUTIES OF OFFICE OR EMPLOYMENT. ANY DUALITY OF INTEREST ON THE PART OF ANY DIRECTOR OR OFFICER SHALL BE DISCLOSED TO THE AUDIT COMMITTEE CHAIR FOR REFERRAL TO THE SECRETARY FOR DISCLOSURE TO THE BOARD OF DIRECTORS. SUCH DISCLOSURE SHALL BE MADE A MATTER OF RECORD PRIOR TO THE ELECTION OF THE DIRECTOR OR OFFICER, AND ANNUALLY THEREAFTER, THROUGH A SIGNED STATEMENT IDENTIFYING ANY ENTITY HAVING A RELATIONSHIP WITH THE CORPORATION OF WHICH SAID DIRECTOR OR OFFICER IS A DIRECTOR, TRUSTEE, MEMBER, OWNER, OFFICER OR EMPLOYEE, OR, UPON RECOGNITION OF ANY OTHER CONFLICT, WHEN THE DIRECTOR OR OFFICER DISCOVERS THAT THE CORPORATION'S INTEREST MAY CONFLICT WITH THEIR OWN. IN GENERAL, A DIRECTOR'S OR OFFICER'S CONFLICT WILL BE CLEARED OF ANY CONSEQUENCE BY, FIRST, FULL DISCLOSURE AND, SECOND,APPROVAL OR RATIFICATION OF THE SUBJECT ACTION BY A DISINTERESTED MAJORITY OF DIRECTORS. ANY DIRECTOR OR OFFICER HAVING A DUALITY OF INTEREST SHALL NOT VOTE OR 1) REFRAIN FROM BEING PRESENT AT OR PARTICIPATING IN THE BOARD OR COMMITTEE DELIBERATION OR VOTE ON THE MATTER GIVING RISE TO THE CONFLICT, 2) NOT BE COUNTED IN THE QUORUM FOR ANY SUCH MEETING, AND 3) ENGAGE IN NO ATTEMPT TO PERSONALLY INFLUENCE THE OUTCOME OF THE DELIBERATION OR VOTE. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE, THE ABSENCE OF THE INTERESTED DIRECTOR OR OFFICER FROM THE MEETING AND THE QUORUM SITUATION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION AT THE TIME OF HIRING IS BASED ON DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE EXECUTIVE COMMITTEE THROUGH THE ANNUAL BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION AT THE TIME OF HIRING IS BASED ON DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE EXECUTIVE COMMITTEE THROUGH THE ANNUAL BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 17 SOUTH CAROLINA, UTAH, VIRGINIA, WEST VIRGINIA, WISCONSIN FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION MAKES ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS OWN WEBSITE AND UPON REQUEST. FORM 990, PART VII THREE MEMBERS OF THE UNIVERSITY AT ALBANY FOUNDATION (FOUNDATION) BOARD ARE ALSO PAID EMPLOYEES OF THE UNIVERSITY AT ALBANY (UNIVERSITY). THOSE UNIVERSITY EMPLOYEES DO NOT RECEIVE COMPENSATION FROM THE UNIVERSITY BECAUSE OF THEIR POSITION ON THE FOUNDATION BOARD. THE NUMBER OF UNIVERSITY EMPLOYEES ON THE FOUNDATION BOARD DOES NOT REPRESENT A CONTROLLING MAJORITY OF THE BOARD. FORM 990, PART IX, LINE 24E BOOKS AND PUBLICATIONS 259,462 0 0 MEETINGS AND EVENTS 237,013 0 0 DONOR CULTIVATION 0 0 180,696 RENTAL, REPAIR, AND MAINT 103,042 0 0 LIFE INSURANCE 0 0 85,138 MAILING AND POSTAGE 4,378 0 64,075 BANKING FEES 0 68,034 0 PRINTING 14,823 0 0 TELEPHONE 1,758 0 0 TOTAL 620,476 68,034 329,909 FORM 990, PART X THE UNVIVERSITY AT ALBANY FOUNDATION (FOUNDATION) MANAGES AND INVESTS A TERM-ENDOWED FUND ON BEHALF OF THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (THE RESEARCH FOUNDATION). ACCORDINGLY, THE FOUNDATION REPORTS AN EQUAL ASSET AND LIABILITY ON THE BALANCE SHEET REPRESENTING THE FAIR VALUE OF INVESTMENTS MANAGED ON BEHALF OF THE RESEARCH FOUNDATION. UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION 1400 WASHINGTON AVE UAB 226 ALBANY NY 12222 364619281 REAL ESTAT NY 501C25 UA FOUNDAT true POOLED INCOME FUND (1) INVESTING NY UA FOUNDAT false false false false true false false false false false false false false false false true false true false true UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION O 391167 ALLOCATION HOURS WORKED UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION Q 159682 ACTUAL UNVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION D 881619 LOAN BALANCE SCHEDULE R PART V, LINE 1D - THE UNIVERSITY AT ALBANY FOUNDATION IS THE GUARANTOR ON A UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION LOAN. THE PRINCIPAL BALANCE OF THE LOAN AT JUNE 30, 2022 WAS 881,619.