2022-03-24T13:57:44-05:00 2021-06-30 390859910 BAKER TILLY US LLP 1500 RXR PLAZA WEST TOWER UNIONDALE NY 11556 990 2020-07-01 111904329 THE BROOKLYN COLLEGE FOUNDATION INC BROO 7189515778 2900 BEDFORD AVE INGERSOLL HALL BROOKLYN NY 11210 ANTE BASIC TREASURER 7189515778 2022-02-15 1 ANTE BASIC XXX-XX-XXXX ELLEN M LABITA CPA P00140777 6317527400 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANTE BASIC 2900 BEDFORD AVE INGERSOLL HALL BROOKLYN NY 11210 41219269 0 X WWW.BROOKLYNCOLLEGEFOUNDATION.ORG X 1958 NY TO ASSIST BROOKLYN COLLEGE BY DEVELOPING AN ONGOING & INCREASING SUPPORT BASE FROM COLLEGE ALUMNI. 31 31 45 34 0 0 3863134 9796872 0 0 3072239 5958070 4266 2156 6939639 15757098 4084231 5087650 0 0 1308912 1205603 44849 89979 1212776 1593215 1112347 7031207 7495579 -91568 8261519 101301645 125699928 3534278 3181200 97767367 122518728 X TO GENERATE, ENCOURAGE AND PROMOTE THE EDUCATIONAL PURPOSES OF BROOKLYN COLLEGE OF THE CITY UNIVERSITY OF NEW YORK AND THE EDUCATIONAL WELFARE OF ITS STUDENTS IN THEIR RELATIONS WITH EACH OTHER, THE MEMBERS OF THE FACULTY, THE ALUMNI AND THE COMMUNITY, AND TO THESE ENDS, AND FOR NO OTHER PURPOSES, TO PERFORM ANY AND ALL OF THE FOLLOWING:A. TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, PRIZES, AND OTHER ASSISTANCE TO WORTHY STUDENTS AND GRADUATES OF SAID COLLEGE FOR AND ON ACCOUNT OF UNDERGRADUATE AND GRADUATE STUDIES.B. TO PROVIDE AWARDS AND PRIZES TO BROOKLYN COLLEGE STUDENTS ALUMNI FACULTY MEMBERS, STAFF MEMBERS, OR OTHER PERSONS FOR OUTSTANDING ACHIEVEMENTS OR SERVICES TO THE COLLEGE, THE COMMUNITY, OR TO THE FURTHERANCE OF HIGHER EDUCATION GENERALLY.C. TO CONTRIBUTE FUNDS FOR THE LIBRARY, THE ACADEMIC DEPARTMENTS, AND THE ADMINISTRATION OF SAID COLLEGE, THE ESTABLISHMENT, MAINTENANCE, BUILDING IMPROVEMENT, OPERATION, AND SUPPORT OF RECREATIONAL ROOMS, PLACES, AND BUILDING. 0 0 5431222 5087650 IN FY21, THE BROOKLYN COLLEGE FOUNDATION GRANTED MORE THAN $5 MILLION TO BROOKLYN COLLEGE. THIS INCLUDES OVER $2.8 MILLION AWARDED TO 2,000+ STUDENTS IN THE FORM OF SCHOLARSHIPS, AWARDS AND INTERNSHIPS ; AND MORE THAN $2.1 MILLION IN THE FORM OF PROFESSORSHIPS, LECTURESHIPS, PROFESSIONAL DEVELOPMENT SUPPORT FOR FACULTY, AND EMERGENCY GRANTS PROVIDED TO BROOKLYN COLLEGE STUDENTS IMPACTED BY THE COVID-19 PANDEMIC. 5431222 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 283 0 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK CA FL IL KS KY MD MA MI MN NH NJ NY OR RI SC TN UT VA WV WI X X BEATRICE GILLING RAYNOR 7189515778 2900 BEDFORD AVE INGERSOLL HALL BROOKLYN NY 11210 X EMILY MOQTADERI MANAGING DIRECTOR, CAMPAIGN AND LEADERSHIP GIFTS 35.00 0.00 X 167035 0 32622 PATRICIA ALLEN ASSOCIATE DIRECTOR 35.00 0.00 X 107500 0 25499 TODD MICHAEL GALITZ EXECUTIVE DIRECTOR 22.80 0.00 X 0 0 0 ALAN GILBERT CHIEF FINANCIAL OFFICER 7.00 0.00 X 0 0 0 EVAN SILVERSTEIN CHAIR 2.00 0.00 X X 0 0 0 MARTIN D SASS VICE-CHAIR 2.00 0.00 X X 0 0 0 ANTE BASIC TREASURER 2.00 0.00 X X 0 0 0 CAROL L ZICKLIN SECRETARY 2.00 0.00 X X 0 0 0 SAMUEL E BELLER BOARD MEMBER 1.00 0.00 X 0 0 0 SARAH BENSON BOARD MEMBER 0.75 0.00 X 0 0 0 DORIS BIEN-AIME BOARD MEMBER 0.50 0.00 X 0 0 0 DON BUCHWALD BOARD MEMBER 0.50 0.00 X 0 0 0 ANTHONY CASTELLANOS BOARD MEMBER 1.00 0.00 X 0 0 0 EDWIN H COHEN BOARD MEMBER 0.75 0.00 X 0 0 0 CELIA COSTAS BOARD MEMBER 0.50 0.00 X 0 0 0 IRWIN FEDERMAN BOARD MEMBER 0.50 0.00 X 0 0 0 AGNES FORD BOARD MEMBER 0.50 0.00 X 0 0 0 BERNARD H GARIL BOARD MEMBER 0.75 0.00 X 0 0 0 JULES HAIMOVITZ BOARD MEMBER 0.50 0.00 X 0 0 0 SCOTT HERMAN BOARD MEMBER 0.75 0.00 X 0 0 0 MYRON I KANDEL BOARD MEMBER 1.00 0.00 X 0 0 0 MURRAY KOPPELMAN BOARD MEMBER 0.50 0.00 X 0 0 0 DONALD KRAMER BOARD MEMBER 0.50 0.00 X 0 0 0 LEONARD M KURZ BOARD MEMBER 0.50 0.00 X 0 0 0 STELLA LAGUDIS BOARD MEMBER 0.75 0.00 X 0 0 0 FRANK LAVADERA BOARD MEMBER 0.75 0.00 X 0 0 0 DON LEMON BOARD MEMBER 0.50 0.00 X 0 0 0 MARGE MAGNER BOARD MEMBER 1.00 0.00 X 0 0 0 DANIEL MENENDEZ BOARD MEMBER 0.75 0.00 X 0 0 0 FLORENCE COHEN ROSEN BOARD MEMBER 0.75 0.00 X 0 0 0 ZEV ROSENWAKS BOARD MEMBER 0.50 0.00 X 0 0 0 LEONARD TOW BOARD MEMBER 0.50 0.00 X 0 0 0 PAWEL WALCZUK BOARD MEMBER 0.75 0.00 X 0 0 0 JOANNE WALDSTREICHER BOARD MEMBER 0.75 0.00 X 0 0 0 RICHARD A WILPON BOARD MEMBER 0.50 0.00 X 0 0 0 274535 0 58121 2 0 1 0 MARTS & LUNDY 160 CHUBB AVENUE SUITE 303 LYNDHURST NJ 07071 CONSULTING SERVICES 126932 MARKETING COMMUNICATION RESOURCE INC 4800 E 345TH ST WILLOUGHBY OH 44094 PRINT & MAIL 124735 OLOGIEE LLC 447 EAST MAIN STYREET CIOLUMBUS OH 43215 CONSULTING SERVICES 117500 3 251700 9545172 646294 9796872 569554 569554 30850687 25462171 5388516 5388516 5388516 MISCELLANEOUS 900099 2156 2156 2156 15757098 0 0 5960226 5087650 5087650 887500 202762 684738 66773 14361 52412 181128 93693 87435 70202 17163 53039 15504 15504 51000 51000 89979 89979 89188 89188 368550 15777 311653 41120 800 800 360257 190165 3189 166903 10748 10410 338 6523 6192 331 35453 35453 SUPPLIES 110463 107171 1592 1700 MISCELLANEOUS 54791 3987 16023 34781 MAINTENANCE AND REPAIRS 9070 9070 7495579 5431222 851581 1212776 481260 282694 842487 1530480 1907901 2831297 30384 73581 66237529 85953416 30460288 33607422 1341796 1421038 101301645 125699928 2706334 2647908 251700 0 576244 533292 3534278 3181200 X 3327843 3567871 94439524 118950857 97767367 122518728 101301645 125699928 X 8261519 16455351 34491 X 0 1 X 1 0 X 3580523 6338493 9910352 3863134 9796872 33489374 3580523 6338493 9910352 3863134 9796872 33489374 4930999 28558375 1021012 788971 1037861 1023683 569554 4441081 20000 52000 18000 30000 0 120000 4637 1014 2419 4266 2156 14492 38064947 0.75030 0.62640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2016 AMOUNT: $ 4,637. 2017 AMOUNT: $ 1,014. 2018 AMOUNT: $ 2,419. 2019 AMOUNT: $ 4,266. 2020 AMOUNT: $ 2,156. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44094979 2220731 1671696 1226827 46760579 43306439 346003 1606636 1164099 44094979 36632726 4593786 3025792 945865 43306439 35911677 428956 1302722 1010629 36632726 34769928 624324 1431414 913989 35911677 0.00000 0.86000 0.14000 0 0 0 HEDGE FUNDS 19129596 F LIMITED LIABILITY COMPANY 10186421 F LIMITED LIABILITIY PARTNERSHIPS 4291405 F 33607422 ANNUITY OBLIGATIONS 533292 533292 X 33438350 16455351 1280598 17735949 15702401 89188 -34491 54697 15757098 8686989 1280598 1280598 7406391 89188 89188 7495579 PART V, LINE 4: BROOKLYN COLLEGE FOUNDATION'S ENDOWMENT FUNDS ARE ESTABLISHED TO PROVIDE (I) SCHOLARSHIPS, FELLOWSHIPS PRIZES, AND OTHER ASSISTANCE TO STUDENTS OF BROOKLYN COLLEGE; (II) AWARDS, PRIZES, AND SUBVENTIONS TO BROOKLYN COLLEGE FACULTY AND STAFF OR OTHER PERSON'S FOR OUTSTANDING ACHIEVEMENTS OR SERVICES TO BROOKLYN COLLEGE, (III) FUNDS FOR THE LIBRARY, ACADEMIC DEPARTMENTS, AND FOR THE ADMINISTRATION OF BROOKLYN COLLEGE, (IV) SUPPORT FOR THE ESTABLISHMENT, MAINTENANCE, BUILDING IMPROVEMENT, OPERATION, AND SUPPORT OF RECREATIONAL ROOMS, PLACES, AND BUILDINGS OF BROOKLYN COLLEGE, AND (V) SUPPORT FOR THE FUNCTIONING AND OPERATION OF THE CURRICULAR AND EXTRA-CURRICULAR ACTIVITIES OF BROOKLYN COLLEGE AND ITS RELATED AND ASSOCIATED AGENCIES. PART X, LINE 2: MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FASB ASC NO. 740. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 44,751. CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST -79,242. CAYMAN ISLANDS 0 0 INVESTMENTS 16736551 BRITISH VIRGIN ISLANDS 0 0 INVESTMENTS 3734426 0 0 0 0 0 0 20470977 0 20470977 0 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC PO BOX 717 CABOT AR 72023 TELEMARKETING 0 160801 89979 70822 160801 89979 70822 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC 1 BROOKLYN COLLEGE 2900 BEDFORD AVENUE BROOKLYN NY 11210 133893536 5072650 15000 APPRAISAL TRANSFER OF ART WORK AND COLLECTIONS AND EQUIPMENT SCHOLARSHIPS, PROFESSORSHIPS, DEPARTMENTAL SUPPORT 1 0 PART I, LINE 2: THE BROOKLYN COLLEGE FOUNDATION MAINTAINS ALL RESTRICTED FUND AGREEMENTS DESCRIBING THE PURPOSE AND INTENT OF EACH GIFT IT MANAGES. ANY TIME AUTHORIZED PERSONNEL (E.G., SCHOLARSHIPS OFFICE OR ACADEMIC DEPARTMENTS) WANT TO EXPEND MONEY FROM RESTRICTED FUNDS, THEY MUST SUBMIT A PAYMENT REQUEST FORM DETAILING THE PURPOSE OF THE EXPENDITURE FOR THE BROOKLYN COLLEGE FOUNDATION'S REVIEW AND APPROVAL. ALL PAYMENT REQUESTS MUST BE ACCOMPANIED BY ORIGINAL COPIES OF ALL INVOICES/RECEIPTS ASSOCIATED WITH THE EXPENSE. IF THE EXPENDITURE IS IN LINE WITH THE PURPOSE OF THE GIFT, THE BROOKLYN COLLEGE FOUNDATION WILL APPROVE PAYMENT FROM THE GRANT ACCOUNT. IF THE EXPENDITURE IS NOT IN LINE WITH THE PURPOSE OF THE GIFT, THE BROOKLYN COLLEGE FOUNDATION WILL NOT APPROVE PAYMENT. 0 0 0 0 0 0 0 0 0 EMILY MOQTADERI MANAGING DIRECTOR, CAMPAIGN AND LEAD 167035 0 0 0 0 0 16169 0 16453 0 199657 0 0 0 X 3 642756 NYSE X MATERIALS & OTHER 1 3558 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER ON PART I, COLUMN B REPRESENTS NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT COPY OF THE 990 WAS REVIEWED INTERNALLY. IT IS THEN REVIEWED BY THE AUDIT COMMITTEE. THE AUDIT AND FINANCE COMMITTEE BEARS RESPONSIBILITY FOR REVIEW OF THE DOCUMENT. A RECOMMENDATION IS THEN MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR APPROVAL OF THE DOCUMENT FOR SUBMISSION. THE FINAL COPY OF 990 WAS DISTRIBUTED TO THE BOARD PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE ORGANIZATION REQUIRES ALL BOARD TRUSTEES TO REVIEW THE CONFLICT OF INTEREST POLICY DISCLOSE IF APPLICABLE AND ATTEST TO THE VERACITY OF THAT DISCLOSURE WITH A SIGNATURE. IF AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY CIRCUMSTANCES THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. IF A CONFLICT EXISTS THE PERSON IS RECUSED FROM VOTING ON SAID MOTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL DOCUMENTS ARE REGULARLY POSTED ON THE BROOKLYN COLLEGE FOUNDATION WEBSITE AT BROOKLYNCOLLEGEFOUNDATION.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -44,751. CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST 79,242.