2022-04-15T12:45:12-05:00 2021-06-30 366055558 GRANT THORNTON LLP 1000 WILSON BOULEVARD SUITE 1400 ARLINGTON VA 22209 990 2020-07-01 541603842 GEORGE MASON UNIVERSITY FOUNDATION INC GEOR 7039938850 4400 UNIVERSITY DRIVE MSN 1A3 FAIRFAX VA 220304444 MARY SUSAN VAN LEUNAN VP & CFO 7039938850 2022-04-15 1 MARY SUSAN VAN LEUNAN XXX-XX-XXXX MARY TORRETTA P00847851 7038477500 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TRISHANA BOWDEN 4400 UNIVERSITY DRIVE MSN 1A3 FAIRFAX VA 220304444 225630460 0 X HTTPS://GMUF.ORG X 1991 VA TO ADVANCE AND FURTHER THE AIMS AND PURPOSES OF GEORGE MASON UNIVERSITY. (SEE SCHEDULE O)THE GEORGE MASON UNIVERSITY FOUNDATION, INC. WAS ESTABLISHED IN 1966 TO RECEIVE, MANAGE, INVEST, AND ADMINISTER PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING ENDOWMENT AND REAL PROPERTY. 48 46 0 50 2630416 1843189 92138223 77503361 10142253 9783083 8116200 20003571 3108409 3036394 113505085 110326409 73499403 62509387 0 0 1479263 1420288 0 0 223547 34893306 21602970 109871972 85532645 3633113 24793764 459289058 511714292 176359088 174546086 282929970 337168206 THE GEORGE MASON UNIVERSITY FOUNDATION, INC. WAS ESTABLISHED IN 1966 TO RECEIVE, MANAGE, INVEST, AND ADMINISTER PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING ENDOWMENT AND REAL PROPERTY. 0 0 81216326 62509387 10275201 THE FOUNDATION'S MAJOR PROGRAM ACTIVITY IS TO DISBURSE DESIGNATED FUNDS IN SUPPORT OF SCHOLARSHIPS, FELLOWSHIPS, AWARDS, AND GENERAL OPERATING EXPENSES OF THE UNIVERSITY'S ACADEMIC AND OTHER DEPARTMENTS. 81216326 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 1 0 1 0 0 1 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 X 308 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 48 46 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CA KY LA MA MD MI MN NH NJ NY OK OR SC WI WV X X MARY SUSAN VAN LEUNEN 7039938850 4400 UNIVERSITY DRIVE MSN1A3 FAIRFAX VA 220304444 MARY SUSAN VAN LEUNEN VICE PRESIDENT AND CFO 40.00 0.00 X X 171856 0 24647 ELIZABETH CANTRELL CONTROLLER 40.00 0.00 X 122788 0 41874 TRACY WHITE DIR. OF REAL ESTATE & INVESTMENTS 20.00 0.00 X 154400 0 0 TRISHANA BOWDEN PRESIDENT 8.00 0.00 X X 71806 0 10515 TERRI COFER BEIRNE CHAIR 1.00 0.00 X X 0 0 0 JEFFREY A SMITH VICE CHAIR 1.00 0.00 X X 0 0 0 CAROLE J SCOTT SECRETARY 1.00 0.00 X X 0 0 0 MICHAEL E STIEVATER TREASURER 1.00 0.00 X X 0 0 0 ADEL E ANTOUN TRUSTEE 0.50 0.00 X 0 0 0 SHARON P APRICENA TRUSTEE 0.50 0.00 X 0 0 0 SANAM BOROUMAND TRUSTEE 0.50 0.00 X 0 0 0 NADEEM BUTLER TRUSTEE 0.50 0.00 X 0 0 0 RICHARD BYRNE TRUSTEE (THRU 03/05/21) 0.50 0.00 X 0 0 0 TERESA H CARLSON TRUSTEE 0.50 0.00 X 0 0 0 ANIRBAN CHAKRABARTI TRUSTEE 0.50 0.00 X 0 0 0 JAMES J CONSAGRA TRUSTEE 0.50 0.00 X 0 0 0 DENNIS J COTTER TRUSTEE 0.50 0.00 X 0 0 0 CHRISTOPHER R DURLAK TRUSTEE 0.50 0.00 X 0 0 0 NELSON C GARCIA TRUSTEE 0.50 0.00 X 0 0 0 NICOLE A GELLER TRUSTEE 0.50 0.00 X 0 0 0 TIMOTHY H GILLIS TRUSTEE 0.50 0.00 X 0 0 0 BENJAMIN H GRAHAM TRUSTEE 0.50 0.00 X 0 0 0 JACK HARRINGTON TRUSTEE 0.50 0.00 X 0 0 0 BRIAN J HAYS TRUSTEE 0.50 0.00 X 0 0 0 JAMES W HAZEL EX-OFFICIO TRUSTEE 0.50 0.00 X 0 0 0 JENNY E HERRERA TRUSTEE 0.50 0.00 X 0 0 0 JERRY HOGGE III TRUSTEE 0.50 0.00 X 0 0 0 TODD R HOUSE TRUSTEE 0.50 0.00 X 0 0 0 JOHN M JACQUEMIN TRUSTEE 0.50 0.00 X 0 0 0 MARGARET M JONES TRUSTEE 0.50 0.00 X 0 0 0 PAUL E KYLE TRUSTEE 0.50 0.00 X 0 0 0 CHRISTINE LANDOLL TRUSTEE 0.50 0.00 X 0 0 0 JENNIFER BURKHART LONDON TRUSTEE 0.50 0.00 X 0 0 0 M YAQUB MIRZA TRUSTEE 0.50 0.00 X 0 0 0 TREVOR J MONTANO TRUSTEE 0.50 0.00 X 0 0 0 MARGARET E MYERS TRUSTEE 0.50 0.00 X 0 0 0 GARY G NAKAMOTO TRUSTEE 0.50 0.00 X 0 0 0 ROBERT W NOONAN TRUSTEE 0.50 0.00 X 0 0 0 JOSEPH J O'BRIEN JR TRUSTEE 0.50 0.00 X 0 0 0 DAVE T PETERSEN TRUSTEE 0.50 0.00 X 0 0 0 KENNETH D REID TRUSTEE 0.50 0.00 X 0 0 0 NANCY ROSE SENICH TRUSTEE 0.50 0.00 X 0 0 0 SUMEET SHRIVASTAVA TRUSTEE 0.50 0.00 X 0 0 0 SUSAN E SOZA TRUSTEE 0.50 0.00 X 0 0 0 SONYA J STONE TRUSTEE 0.50 0.00 X 0 0 0 PAULINE THOMPSON TRUSTEE 0.50 0.00 X 0 0 0 LOURDES V VENES TRUSTEE 0.50 0.00 X 0 0 0 VIJAY VENKATESWARAN TRUSTEE 0.50 0.00 X 0 0 0 BRUCE D WARDINSKI TRUSTEE 0.50 0.00 X 0 0 0 GREGORY WASHINGTON EX-OFFICIO TRUSTEE 0.50 0.00 X 0 0 0 CHRISTINA L WILLIAMS TRUSTEE 0.50 0.00 X 0 0 0 520850 0 77036 3 0 1 0 AFFINAQUEST LLC 6136 FRISCO SQUARE BLVD STE 400 FRISCO TX 75034 SOFTWARE IMPLEMENTATION 393346 MCGUIRE WOODS LLP 800 E CANAL ST RICHMOND VA 23219 LEGAL 254054 BAY ARMOURY LLC 110 WOODLAWN TRL LOCUST GROVE VA 22508 CONSULTING 162671 YSR ACQUISITION CO LLC 55 SAGE LODGE DR PRAY MT 59065 ACADEMIC CONFERENCE SERVICES 140031 NEVERDARK LLC 3544 SUNSET ISLES BLVD KISSIMMEE FL 34746 MARKETING 106863 5 55350 163400 77284611 1432480 77503361 DIRECT-FINANCING LEASE INTEREST 531190 5108960 5108960 RENT FROM GMU 531190 4650123 4650123 RENT FROM GMU INSTRUCTIONAL FND. 531190 24000 24000 9783083 4699057 60451 4638606 6664570 4094605 2569965 2569965 2569965 111162330 15325941 104973055 6210702 6189275 9115239 15304514 15304514 0 55350 25689 -25689 -25689 TRUST AND OTHER INCOME 900099 492118 492118 492118 110326409 10275201 2630416 19917431 61752134 61752134 688389 688389 68864 68864 241755 241755 829459 829459 142115 142115 128774 128774 78185 78185 62802 14920 36070 11812 201598 5975 195623 4177 4177 1867314 1867314 2993155 2907777 81703 3675 73863 65547 898 7418 767070 684853 35597 46620 908576 550957 253554 104065 1355648 1355648 1868735 1863733 3856 1146 1208174 1195093 7340 5741 3988899 3988899 722868 722694 174 114730 53009 61721 ACADEMIC SUPPORT 2541259 2541224 0 35 ADMINISTRATIVE SUPPORT 2315450 2199739 92644 23067 TRAINING AND PROF. DEV. 406385 363842 31191 11352 TAX EXPENSES 139022 138785 237 0 63245 54244 385 8616 85532645 81216326 4092772 223547 25814 38451 26325644 23175804 21937837 21076441 1014667 114232 0 0 85343296 29692508 63180713 55650788 184181640 242754018 62467657 69621458 0 0 100155086 99283100 459289058 511714292 10544761 4427302 561999 552730 41614797 38569365 22756912 34991934 100514748 95983605 365871 21150 176359088 174546086 X 30558173 37316483 252371797 299851723 282929970 337168206 459289058 511714292 X 24793764 27256674 2187798 X 0 1 X 1 0 X 62567864 68149389 132833181 92138223 77503361 433192018 62567864 68149389 132833181 92138223 77503361 433192018 120040152 313151866 7577632 8059261 8003660 8478423 8733211 40852187 2422845 2136330 2848639 2571519 2630416 12609749 650206 514665 498415 781654 492118 2937058 489591012 55754617 0.63960 0.56690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: TRUST AND OTHER INCOME - 2016 AMOUNT: $ 650,206. 2017 AMOUNT: $ 514,665. 2018 AMOUNT: $ 498,415. 2019 AMOUNT: $ 781,654. 2020 AMOUNT: $ 492,118. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4177 4177 81212149 81216326 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 1794 102745 41196 4177 149912 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A: THE GEORGE MASON UNIVERSITY FOUNDATION, INC. PROVIDED GRANTS TO OTHER ORGANIZATIONS FOR PROFESSIONAL SERVICES RELATED TO LOBBYING FOR ISSUES IN HIGHER EDUCATION. 161652 X 0 0 1 X 138038291 7374226 33175312 5590014 172997815 99786858 43213152 -1043623 3918096 138038291 84946434 19188197 -1738230 2609543 99786858 77692437 3231572 5806317 1783892 84946434 71566373 3239253 6125724 3238913 77692437 0.00010 0.99990 0 0 18564263 18564263 66415038 29403921 37011117 363995 288587 75408 55650788 HEDGE FUNDS 20397515 F PRIVATE EQUITY AND REAL ASSETS 16831135 F MONEY MARKET FUNDS 13170091 F ADVANCED CAPITAL CONTRIBUTIONS 4000000 F AGENCY MORTGAGE BACKED AND ASSET BACKED SECURITIES 15222717 F 69621458 BENEFICIAL INT IN PERP. TRUST 13090982 LEASING COMMISSIONS 349135 ART & ANTIQUES 161652 ACCRUED S/L RENT 3609799 OTHER ASSETS 1414540 NET INV. IN DIRECT FIN LEASE 80656992 99283100 UNEARNED RENT 4067 SECURITY DEPOSITS 17083 21150 X 142061706 27256674 37845 2187798 29482317 112579389 1867314 -4120294 -2252980 110326409 87823470 37845 4120294 4158139 83665331 1867314 1867314 85532645 PART III, LINE 4: THE COLLECTION PROVIDES OPPORTUNITIES FOR THE UNIVERSITY'S STUDENTS TO LEARN AND TO GAIN AN APPRECIATION OF THE ARTWORK. PART IV, LINE 2B: THE FOUNDATION MAINTAINS CERTAIN ASSETS, PRIMARILY INVESTMENTS ON BEHALF OF SEVERAL LEGALLY AUTONOMOUS ORGANIZATIONS AND OTHER PROGRAMS ASSOCIATED WITH THE UNIVERSITY. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 580 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING ACADEMIC SUPPORT, EMINENT SCHOLARS, SCHOLARSHIPS, ATHLETICS, FACILITIES, LIBRARY, AND RESEARCH. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE ("IRS") AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. UNDER IRS PROVISIONS AND THE APPLICABLE INCOME TAX REGULATIONS OF THE COMMONWEALTH OF VIRGINIA, THE FOUNDATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE FOUNDATION'S PRIMARY SOURCE OF UNRELATED BUSINESS INCOME IS FROM RENTAL INCOME RECEIVED FROM TENANTS UNRELATED TO THE UNIVERSITY AT THE GMUF ARLINGTON CAMPUS, LLC, A COMMERCIAL OFFICE BUILDING. INCOME TAXES PAID TOTALED $372,500 AND $704,000 FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, RESPECTIVELY. THE FOUNDATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FOUNDATION HAS PROCESSES IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDED JUNE 30, 2018 THROUGH 2021 ARE STILL ELIGIBLE FOR REVIEW FOR BOTH FEDERAL AND STATE PURPOSES. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX EXPENSE IS CLASSIFIED AS AN OPERATING EXPENSE WITHIN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPLIT INTEREST AGREEMENTS, CHANGE IN VALUE 2,381,441. LOSS ON UNCOLLECTIBLE PLEDGES -193,643. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSE -25,689. GMUF ARLINGTON CAMPUS, EXPENSE (ALLOCATED) -4,094,605. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 25,689. GMUF ARLINGTON CAMPUS, EXPENSE (ALLOCATED) 4,094,605. 1 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 48146 SOUTH ASIA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 19200 SOUTH AMERICA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 7200 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 400 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 91700 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 22375 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 108434 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH AND TRAVEL 5266 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 3901150 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 19802474 SUB-SAHARAN AFRICA 0 0 GRANT 68864 0 0 0 0 0 0 302721 23772488 24075209 SUB-SAHARAN AFRICA RESEARCH 68864 WIRE 1 1 0 1 1 1 0 PART I, LINE 2: THE GEORGE MASON UNIVERSITY FOUNDATION FOLLOWS ESTABLISHED DISBURSEMENT PROCEDURES THAT ENSURE THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES ARE PROPERLY DOCUMENTED, SUPPORTED, AND RECORDED, APPROVED BY THE APPROPRIATE OFFICIALS AND MANAGEMENT, MADE FOR GRANT PURPOSES THAT ARE REASONABLE AND NECESSARY. PART I, LINE 3: THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: DIVERSITY SCHOLAR GOLF 40455 40455 3511 2500 4793 PATRIOT CLUB FALL GOLF 14895 14895 251 14634 55350 55350 3511 2500 251 19427 25689 -25689 1 GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 11118882 OPERATIONS SUPPORT GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 8322535 SALARY SUPPORT GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 5629353 SCHOLARSHIP SUPPORT GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 1843827 BENEFITS SUPPORT GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 170/115 911653 EMINENT SCHOLARS MERCATUS CENTER 3434 N WASHINGTON BLVD ARLINGTON VA 22201 521328708 501(C)(3) 23138360 PROGRAM SUPPORT NORTHERN VIRGINIA COMMUNITY COLLEGE 4001 WAKEFIELD CHAPEL RD ANNANDALE VA 22003 541268263 170/115 150000 SCHOLARSHIP SUPPORT OFFICE OF THE ATTORNEY GENERAL FOR THE DISTRICT OF COLUMBIA 400 6TH ST NW WASHINGTON DC 20001 536001131 170/115 58058 POST-GRADUATE FELLOWSHIP SUPPORT THE BRIGHAM AND WOMEN'S HOSPITAL 75 FRANCIS ST BOSTON MA 02115 042312909 170/115 36443 RESEARCH SUPPORT VIRGINIA TECH FOUNDATION INC 902 PRICES FORK ROAD STE 4000 BLACKSBURG VA 24061 540721690 501(C)(3) 30000 RESEARCH SUPPORT 6 SCHOLARSHIPS 424 685419 RENEWAL APPLICATIONS 6 2970 PART I, LINE 2: THE GEORGE MASON UNIVERSITY FOUNDATION FOLLOWS ESTABLISHED DISBURSEMENT PROCEDURES THAT ENSURE ALL PAYMENTS ARE PROPERLY DOCUMENTED, SUPPORTED, AND RECORDED, APPROVED BY THE APPROPRIATE OFFICIALS AND MANAGEMENT, MADE FOR VALID PURPOSES THAT ARE REASONABLE AND NECESSARY, AND MADE IN COMPLIANCE WITH GOVERNMENT REGULATIONS. ALL DISBURSEMENTS OF DONOR RESTRICTED FUNDS ARE MADE IN ACCORDANCE WITH ANY PURPOSE RESTRICTIONS, FOR THE BENEFIT OF GEORGE MASON UNIVERSITY OR OTHER AFFILIATED EDUCATIONAL AND RESEARCH ORGANIZATIONS. THE FOUNDATION DISBURSES FUNDS TO GEORGE MASON UNIVERSITY AND OTHER AFFILIATED EDUCATIONAL AND RESEARCH ORGANIZATIONS FOR SCHOLARSHIPS, FELLOWSHIPS, AWARDS AND GENERAL OPERATING EXPENSES BASED ON ELIGIBILITY DECISIONS MADE BY THE FOUNDATION/UNIVERSITY AFFILIATED ENTITIES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 MARY SUSAN VAN LEUNEN VICE PRESIDENT AND CFO 169559 0 0 0 2297 0 24256 0 391 0 196503 0 0 0 ELIZABETH CANTRELL CONTROLLER 122568 0 0 0 220 0 18170 0 23704 0 164662 0 0 0 TRACY WHITE DIR. OF REAL ESTATE & INVESTMENTS 154400 0 0 0 0 0 0 0 0 0 154400 0 0 0 PART I, LINE 1A THE FOUNDATION PROVIDES CERTAIN SOCIAL CLUB MEMBERSHIPS FOR FUNDRAISING, DONOR CULTIVATION, OR OTHER BUSINESS PURPOSES. THE PERSONAL PORTION OF THE MEMBERSHIPS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION WAS REVIEWED AND APPROVED BY A COMMITTEE PER THE POLICIES OF THE DEPARTMENT OF HUMAN RESOURCES OF GEORGE MASON UNIVERSITY. THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION LISTED IN PART VII REFLECTS THE PORTION FUNDED BY THE FOUNDATION. INDIVIDUALS ON THE COMMITTEE INCLUDE THE UNIVERSITY PRESIDENT, SENIOR VICE PRESIDENT OF ADMINISTRATION AND FINANCE, CHIEF OF STAFF, AND VICE PRESIDENT OF HUMAN RESOURCES AND PAYROLL. SALARY INFORMATION INCLUDING THE PREVIOUS INCUMBENT'S COMPENSATION, COMPENSATION OF THE SAME POSITION AT THE OTHER VIRGINIA DOCTORAL INSTITUTIONS, AS WELL AS SALARY SURVEY DATA OF GEORGE MASON UNIVERSITY'S PEER INSTITUTIONS AND COMPARABLE DC AREA UNIVERSITIES WAS REVIEWED TO DETERMINE REASONABLENESS OF SALARY. OTHER KEY EMPLOYEES' COMPENSATION IS REVIEWED AND APPROVED BY THE UNIVERSITY'S EQUITY OFFICE AND HUMAN RESOURCES COMPENSATION TEAM TO DETERMINE EQUITY THROUGHOUT THE UNIVERSITY, OTHER STATE AGENCIES, AND THE MARKETPLACE. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 2017-09-12 16795000 SEE PART VI 0 0 0 B FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 2018-06-05 30395000 SEE PART VI 0 0 0 A 16795000 197500 16597500 2004 1 0 1 1 B 30395000 248115 30146885 2012 1 0 1 1 A 0 0 0 0 0 0 1 B 0 1 0 1 1 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY (B) ISSUER NAME: FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY PART I, COLUMN F, LINE A REFUND OF $16,795,000 OF ISSUE DATED 5/30/2013. PART I, COLUMN F, LINE B REFUND OF $28,243,403 OF ISSUE DATED 4/21/2010. PART IV, COLUMN A, LINE 2C REBATE CALCULATION WAS PERFORMED ON DECEMBER 21, 2017. PART IV, COLUMN B, LINE 2C REBATE CALCULATION WAS PERFORMED ON MAY 18, 2018. X 1 95200 APPRAISAL X 1145933 APPRAISAL/COMP. SALES X 12 125748 FMV X LIGHT EQUIP. 1 65599 FMV 3 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF NONCASH CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART V, LINE 2A: THE FOUNDATION DOES NOT ISSUE W-2S. THE FOUNDATION IS A PRIVATE ENTITY, SEPARATE AND NOT RELATED TO GEORGE MASON UNIVERSITY. HOWEVER, THE FOUNDATION SUPPLEMENTS COMPENSATION PAID TO INDIVIDUALS REPORTED ON PART VII, SECTION A, BASED ON PERCENTAGES OF TIME DEDICATED TOWARD THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B EACH YEAR, A COPY OF GEORGE MASON UNIVERSITY FOUNDATION, INC.'S IRS FORM 990 IS PROVIDED TO ALL OFFICERS, TRUSTEES, AND SENIOR MANAGEMENT OFFICIALS. DURING THE WINTER AUDIT COMMITTEE MEETING, THE 990 IS REVIEWED WITH THE FOUNDATION'S TAX PREPARER. AFTER THE AUDIT COMMITTEE HAS APPROVED THE 990, IT IS FORWARDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND APPROVAL. AFTER THE EXECUTIVE COMMITTEE HAS APPROVED THE 990, IT IS PRESENTED TO THE FULL BOARD, AND AFTER ACCEPTANCE, IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES OF THE GEORGE MASON UNIVERSITY FOUNDATION, INC., ARE REQUIRED TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTERESTS. INDIVIDUALS COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORMS FOR REVIEW AND THE FOUNDATION INFORMS THE BOARD CHAIR AND COMMITTEE CHAIRS OF ANY POTENTIAL CONFLICTS. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE RELEVANT TRANSACTION. AT EACH COMMITTEE AND FULL BOARD MEETING, AN AGENDA ITEM IS THE IDENTIFICATION OF ANY CONFLICTS WITH ITEMS ON THE AGENDA. ANY CONFLICTS NOTED BY TRUSTEES ARE DOCUMENTED IN THE MINUTES FOR EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION WAS REVIEWED AND APPROVED BY A COMMITTEE PER THE POLICIES OF THE DEPARTMENT OF HUMAN RESOURCES OF GEORGE MASON UNIVERSITY. INDIVIDUALS ON THE COMMITTEE INCLUDE THE UNIVERSITY PRESIDENT, SENIOR VICE PRESIDENT OF ADMINISTRATION AND FINANCE, CHIEF OF STAFF, AND VICE PRESIDENT OF HUMAN RESOURCES AND PAYROLL. SALARY INFORMATION INCLUDING THE PREVIOUS INCUMBENT'S COMPENSATION, COMPENSATION OF THE SAME POSITION AT THE OTHER VIRGINIA DOCTORAL INSTITUTIONS, AS WELL AS SALARY SURVEY DATA OF GEORGE MASON UNIVERSITY'S PEER INSTITUTIONS AND COMPARABLE DC AREA UNIVERSITIES WAS REVIEWED TO DETERMINE REASONABLENESS OF SALARY. OTHER KEY EMPLOYEES' COMPENSATION IS REVIEWED AND APPROVED BY THE UNIVERSITY'S EQUITY OFFICE AND HUMAN RESOURCES COMPENSATION TEAM TO DETERMINE EQUITY THROUGHOUT THE UNIVERSITY, OTHER STATE AGENCIES, AND THE MARKETPLACE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PUBLISHES THE ARTICLES OF INCORPORATION, BYLAWS, CODE OF ETHICS STATEMENT, CONFLICT OF INTEREST POLICIES, AUDITED FINANCIAL STATEMENTS, IRS FORMS 990 AND 990-T AND IRS DETERMINATION LETTER AT HTTPS://GMUF.ORG. INDIVIDUALS CAN REQUEST COPIES OF ANY OF THE ABOVE DOCUMENTS AS WELL AS GEORGE MASON UNIVERSITY FOUNDATION, INC.'S FORM 1023. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 2,381,441. LOSS ON UNCOLLECTIBLE PLEDGES -193,643. GMUF ARLINGTON CAMPUS LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 542010573 REAL ESTATE VA 10619843 61891817 GMUF GMUF MASON ADMINISTRATION LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 270937708 REAL ESTATE VA 1316346 27141924 GMUF GMUF PRINCE WILLIAM HOUSING LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 452918081 REAL ESTATE VA 767487 14633014 GMUF GMUF PRINCE WILLIAM LIFE SCIENCES LAB 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 452918190 REAL ESTATE VA 1806582 29929363 GMUF GMUF COMMERCE BUILDINGS LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 462592279 REAL ESTATE VA 434543 3977201 GMUF GMUF POTOMAC HEIGHTS LLC 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 823534994 REAL ESTATE VA 1048572 11630932 GMUF CHARITABLE REMAINDER TRUSTS (3) ANNUITY TRUST VA GMUF 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0