2022-05-06T14:30:41-05:00 2021-06-30 420714325 RSM US LLP 30 SOUTH WACKER DR SUITE 3300 CHICAGO IL 606063392 990 2020-07-01 830403915 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY TOWE 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 DANIELE LECESNE COO 4089241765 2022-05-05 1 DANIELE LECESNE 999009999 REBEKUH ELEY P01247672 3126343400 2022-05-05 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DANIELE LECESNE ONE WASHINGTON SQUARE SAN JOSE CA 951920183 258381181 0 X WWW.SJSU.EDU/TOWERFOUNDATION X 2004 CA ASSISTANCE TO ACADEMIC PROGRAMS & FACILITIES, STUDENT SCHOLARSHIPS, FACULTY, & ATHLETICS PROGRAMS 24 18 540 21 83027 38118 14499094 18088607 3756552 10160836 8741954 17142440 2789667 961223 29787267 46353106 4496922 3697931 0 0 7963004 8735875 0 0 0 12192840 10715048 24652766 23148854 5134501 23204252 204408600 263921731 2711608 4240172 201696992 259681559 THE TOWER FOUNDATION'S MISSION IS TO ENCOURAGE PHILANTHROPY AMONG SJSU ALUMNI AND FRIENDS BY PROVIDING HIGH QUALITY, RELIABLE, AND RESPONSIVE CHARITABLE GIVING SERVICES, DONOR STEWARDSHIP, AND ACCURATE ACCOUNTING FOR ALL GIFTS. 0 0 20198887 3697931 10160836 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES OF PROMOTING AND ADVANCING THE OBJECTIVES OF SAN JOSE STATE UNIVERSITY. PRIMARY PURPOSES INCLUDE PROVIDING ASSISTANCE TO ACADEMIC PROGRAMS, LIBRARIES, CLASSROOMS, LABORATORIES, STUDENT SCHOLARSHIPS, FACULTY FELLOWSHIPS AND PROFESSORSHIPS, FACULTY RESEARCH AND COMMUNITY PROJECTS, AND ATHLETICS PROGRAMS. 20198887 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 49 0 1 540 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 18 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X DANIELE LECESNE 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 X THERESA DAVIS CEO 40.00 X X 5000 131836 40258 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0.50 40.00 X X 0 423833 155170 CHARLIE FAAS MANAGING DIRECTOR/INTERIM UNTIL 12/20) 0.20 40.00 X X 0 267048 107291 WANDA HENDRIX EX OFFICIO-ALUMNI ASSC PRESIDENT 0.50 X 0 0 0 GARY D RADINE DIRECTOR 0.50 20.00 X 0 34927 711 DAVID NEIGHBORS EX OFFICIO 0.50 X 0 11067 0 VIRGINIA LEHMKUHL DAKWE FACULTY REPRESENTATIVE 0.50 40.00 X 0 103962 56465 ERIC KELLY CHAIRMAN OF THE BOARD 0.50 X X 0 0 0 LILIANA ALDER STUDENT BODY REPRESENTATIVE 0.50 X 0 0 0 CHARLES W DAVIDSON DIRECTOR (UNTIL 3/21) 0.50 X 0 0 0 COLLEEN B WILCOX DIRECTOR 0.50 X 0 0 0 CONSTANCE B MOORE DIRECTOR 0.50 X 0 0 0 DANA C DITMORE DIRECTOR 0.50 X 0 0 0 DAVID WENG DIRECTOR 0.50 X 0 0 0 EDWARD OATES DIRECTOR 0.50 X 0 0 0 GARY J SBONA DIRECTOR 0.50 X 0 0 0 JEFF RICCI DIRECTOR 0.50 X 0 0 0 JOE PINTO DIRECTOR 0.50 X 0 0 0 JOHN W BAIRD DIRECTOR 0.50 X 0 0 0 LESLIE C FRANCIS DIRECTOR (UNTIL 12/20) 0.50 X 0 0 0 MARKO TRAPANI DIRECTOR 0.50 X 0 0 0 PETER V UEBERROTH DIRECTOR 0.50 X 0 0 0 PHILLIP R BOYCE DIRECTOR 0.50 X 0 0 0 RICHARD CONNIFF DIRECTOR 0.50 X 0 0 0 STEPHEN H CAPLAN DIRECTOR 0.50 X 0 0 0 WILLIAM E BARTON DIRECTOR 0.50 X 0 0 0 ALLISON BRICENO DIRECTOR (UNTIL 06/21) 0.50 40.00 X 0 0 0 RAVISHA MATHUR EX OFFICIO-ACADEMIC SENATE REP. 0.50 40.00 X 0 112424 55240 DANIELE LECESNE COO, SECRETARY (AS OF 12/20) 40.00 X 0 10000 0 BRENT BRENNAN HEAD COACH, FOOTBALL 1.00 40.00 X 665583 329260 126227 MARIE TUITE ATHLETICS DIRECTOR 1.00 40.00 X 206081 263116 89240 JEAN PRIOLEAU HEAD COACH, BASKETBALL 1.00 40.00 X 123360 285192 112889 DERRICK ODUM ASSISTANT COACH, FOOTBALL 1.00 40.00 X 104136 219756 93118 KEVIN MCGIVEN ASSISTANT COACH, FOOTBALL 0.00 40.00 X 125334 206917 97515 1229494 2399338 934124 7 0 1 0 0 20000 18068607 1577114 18088607 MOUNTAIN WEST CONF. DISTRIBUTION 611710 5008256 5008256 ADMINISTRATION FEES 611710 4243885 4243885 REIMBURSEMENTS FROM SJSU/AUXILIAR 611710 908695 908695 10160836 2529779 83027 2446752 226640736 212028075 14612661 14612661 14612661 FLEX BENEFITS REVENUE 611710 885636 885636 75587 75587 961223 46353106 10160836 83027 18020636 3676260 3676260 21671 21671 6666580 5685422 981158 64283 28317 35966 1674033 1295052 378981 330979 289634 41345 288938 194035 94903 374878 374878 738578 738578 678002 556477 121525 10434 7950 2484 941329 923724 17605 29490 6146 23344 47296 46260 1036 118137 116123 2014 2875071 2875071 16355 16355 ADMINISTRATION FEES 4243885 4146199 97686 STUDENT SUPPORT 226907 226907 0 DUES AND SUBSCRIPTIONS 112046 96754 15292 TAXES AND LICENSES 13724 6885 6839 -22 -22 23148854 20198887 2949967 0 20631147 30630407 21716873 19843289 2741 125353 134881 42490 120249243 173946574 31373905 26807187 9155120 11290384 1144690 1236047 204408600 263921731 411093 536088 2300515 3704084 2711608 4240172 X 201696992 259681559 0 0 0 0 201696992 259681559 204408600 263921731 X 23204252 35366609 -586294 X X 0 1 X 1 0 X 21928335 21770909 17226056 14499094 18088607 93513001 21928335 21770909 17226056 14499094 18088607 93513001 4997994 88515007 2549076 3178424 3574984 3658769 2446752 15408005 123021 688895 38118 850034 109771040 28760221 0.80640 0.81230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148747340 -49467 49150000 -714369 198562242 153212206 -2921322 -910318 633226 148747340 150056030 -3686217 7429657 587265 153212206 142939572 -1251642 8987311 619210 150056030 125627222 969552 16896637 553839 142939572 0.28110 0.65070 0.06820 0 0 0 IVE INTERNATIONAL FUND-I 10 F VAUGHAN NELSON 8856338 F DODGE & COX 12375015 F FPA CRESCENT FUND 5575824 F 26807187 FUNDS HELD IN TRUST LIABILITY - CURRENT 152975 FUNDS HELD IN TRUST LIABILITY - NONCURRENT 1786316 DUE TO RELATED ORGANIZATIONS 1764793 3704084 X 81719715 35366609 35366609 46353106 0 46353106 23735148 586294 586294 23148854 0 23148854 PART V, LINE 4: THE FOUNDATION RECEIVES DONATIONS RESTRICTED TO ENDOWMENT BY DONORS. SUCH DONATIONS ARE INVESTED IN ACCORDANCE WITH THE FOUNDATION'S INVESTMENT POLICY. THE ENDOWMENT PORTFOLIO IS COMPRISED OF A BLEND OF INVESTMENTS AND IS PROFESSIONALLY MANAGED. THE FINANCE AND INVESTMENT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE INVESTMENT PORTFOLIO, MONITORING PERFORMANCE OF THE INVESTMENTS AND APPROVING NEW FUND MANAGERS. THE ENDOWMENT SUPPORTS A VAST ARRAY OF STUDENT SCHOLARSHIPS AS WELL AS VIBRANT PROGRAMS THROUGHOUT SAN JOSE STATE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AS A NONPROFIT ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. FORM 990, FILED BY THE FOUNDATION, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2018. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 586,294. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 824145 0 0 0 0 0 0 824145 0 824145 1 0 0 1 0 0 PART III ACCOUNTING METHOD: 1 SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 770414438 3617541 416768 FMV GIFTS IN KIND SCHOLARSHIPS/AWARDS SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION ONE WASHINGTON SQUARE SAN JOSE CA 93955 946017638 501(C)(3) 318163 SUPPORT FOR BUILDING RENOVATION CSU MONTEREY BAY 100 CAMPUS CENTER SEASIDE CA 93955 911785970 24490 SCHOLARSHIPS 3 0 SCHOLARSHIPS/AWARDS 14 16762 PART I, LINE 2: THE TOWER FOUNDATION FUNDS SCHOLARSHIPS THAT ARE AWARDED TO STUDENTS OF SAN JOSE STATE UNIVERSITY (SJSU). THE SCHOLARSHIPS ARE DIRECTED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND ITS ATHLETICS DEPARTMENT, WHICH EVALUATE APPLICANTS TO ENSURE THEY MEET THE CRITERIA STIPULATED BY THE DONOR. THE AMOUNT OF SCHOLARSHIPS AWARDED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND FUNDED BY THE TOWER FOUNDATION WAS $3,662,308. THE REMAINING CASH GRANTS RELATE TO VARIOUS STUDENT AWARDS, OTHER THAN SCHOLARSHIPS, THAT ARE DISTRIBUTED AND MONITORED BY VARIOUS DEPARTMENTS OF SJSU. 0 0 0 0 0 0 0 0 0 BRENT BRENNAN HEAD COACH, FOOTBALL 665583 327970 0 0 0 1290 0 99434 0 26793 665583 455487 0 0 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0 409049 0 0 0 14784 0 121894 0 33276 0 579003 0 0 MARIE TUITE ATHLETICS DIRECTOR 206081 261154 0 0 0 1962 0 78536 0 10704 206081 352356 0 0 JEAN PRIOLEAU HEAD COACH, BASKETBALL 123360 283854 0 0 0 1338 0 86096 0 26793 123360 398081 0 0 KEVIN MCGIVEN ASSISTANT COACH, FOOTBALL 125334 205657 0 0 0 1260 0 64392 0 33123 125334 304432 0 0 DERRICK ODUM ASSISTANT COACH, FOOTBALL 104136 218418 0 0 0 1338 0 66325 0 26793 104136 312874 0 0 CHARLIE FAAS MANAGING DIRECTOR/INTERIM UNTIL 12/2 0 265452 0 0 0 1596 0 80498 0 26793 0 374339 0 0 THERESA DAVIS CEO 5000 121128 0 10000 0 708 0 32430 0 7828 5000 172094 0 0 RAVISHA MATHUR EX OFFICIO-ACADEMIC SENATE REP. 0 110974 0 1450 0 0 0 27370 0 27870 0 167664 0 0 VIRGINIA LEHMKUHL DAKWE FACULTY REPRESENTATIVE 0 103962 0 0 0 0 0 31562 0 24903 0 160427 0 0 PART I, LINE 3 THE ORGANIZATION'S CEO IS COMPENSATED BY SAN JOSE STATE UNIVERSITY (SJSU), A RELATED ORGANIZATION. SJSU ESTABLISHES THE COMPENSATION OF THE ORGANIZATION'S CEO BASED ON GUIDELINES OF THE UNIVERSITY AND THROUGH THE USE OF A COMPENSATION SURVEY OR STUDY. X 39 1100298 FAIR MARKET VALUE X EQUIPMENT 11 366525 FAIR MARKET VALUE X MISCELLANEOUS 12 105301 FAIR MARKET VALUE X PIANO 1 4990 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 7A THE SAN JOSE STATE UNIVERSITY PRESIDENT, WHO IS A BOARD DIRECTOR OF THE FOUNDATION, HAS THE SOLE AUTHORITY TO APPOINT THE BOARD MEMBERS FOR THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE TOWER FOUNDATION'S AUDIT COMMITTEE REVIEWS THE 990 FORM IN DETAIL WITH TOWER MANAGEMENT. MINUTES KEPT FOR THE AUDIT COMMITTEE DOCUMENT THE PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND RELATED DISCLOSURE STATEMENT IS REVIEWED ON AN ANNUAL BASIS AT THE TOWER FOUNDATION AUDIT COMMITTEE MEETING IN SEPTEMBER. THE COMMITTEE RECOMMENDS ANY CHANGE TO THE POLICY AND DISCLOSURE FORM. THIS POLICY AND THE DISCLOSURE FORM ARE THEN PRESENTED AT THE DECEMBER MEETING TO TOWER BOARD MEMBERS. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE THE DISCLOSURE FORM AND THE FORMS ARE COLLECTED BY TOWER MANAGEMENT. IF THERE ARE ANY DISCLOSED CONFLICTS, THEY ARE ADDRESSED AT THE SUBSEQUENT AUDIT COMMITTEE MEETING AND PRESENTED TO THE BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES ARE GENERALLY COMPENSATED BY SAN JOSE STATE UNIVERSITY, A RELATED ORGANIZATION OF THE TOWER FOUNDATION. THEREFORE, THE TOWER FOUNDATION HAS NOT ESTABLISHED COMPENSATION POLICIES FOR THESE INDIVIDUALS. HOWEVER, SAN JOSE STATE UNIVERSITY DETERMINES COMPENSATION FOR THE TOWER FOUNDATION'S CEO, OFFICERS AND KEY EMPLOYEES BASED ON REVIEW AND APPROVAL BY INDEPENDENT PERSONS AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D: CSU POLICY REQUIRES THAT STIPEND PAYMENTS BY AN AUXILIARY TO A CSU EMPLOYEE BE MADE THROUGH THE AUXILIARY'S PAYROLL. ACCORDINGLY, SOME PAYMENTS MADE TO UNIVERSITY EMPLOYEES ON BEHALF OF SJSU ARE REFLECTED AS COMPENSATION FROM THE TOWER FOUNDATION ON FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -586,294. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. SJSU TOWER REAL ESTATE FUND LLC ONE WASHINGTON SQUARE SAN JOSE CA 951920183 999999999 REAL ESTATE MANAGEMENT CA 0 0 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY HILO PROJECT LLC ONE WASHINGTON SQUARE SAN JOSE CA 951920183 263694655 HOUSING INVESTMENT HI 0 0 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 770414438 EDUCATION INSTITUTE CA 115 N/A 0 ASSOCIATED STUDENTS OF SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 941156305 AUX. SERVICES CA 501(C)(3) LINE 5 SAN JOSE STATE UNIVERSITY 1 SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION ONE WASHINGTON SQUARE SAN JOSE CA 95192 946017638 AUX. SERVICES CA 501(C)(3) LINE 7 SAN JOSE STATE UNIVERSITY 1 SPARTAN SHOPS INC SJSU ONE WASHINGTON SQUARE SAN JOSE CA 95192 941392424 AUX. SERVICES CA 501(C)(3) LINE 12A, I SAN JOSE STATE UNIVERSITY 1 STUDENT UNION OF SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 942830732 AUX. SERVICES CA 501(C)(3) LINE 12C, III-FI SAN JOSE STATE UNIVERSITY 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION B 318163 CASH ASSOCIATED STUDENTS SAN JOSE STATE UNIVERSITY R 153821 CASH