2022-05-11T11:33:22-05:00 2021-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-07-01 116077945 STONY BROOK FOUNDATION INC STON 6316326536 230 ADMINISTRATION STONY BROOK NY 11794 KACY BULLARD COO 6316326536 2022-01-22 1 KACY BULLARD XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KACY BULLARD 230 ADMINISTRATION STONY BROOK NY 11794 824720671 0 X WWW.STONYBROOK.EDU/FOUNDATION/ X 1965 NY TO ADVANCE THE TAX-EXEMPT MISSION OF SUNY STONY BROOK THROUGH FUNDRAISING EFFORTS. 23 22 10 0 230706 0 54558793 95728137 1410038 1587062 4992800 30131091 1431920 1801096 62393551 129247386 17391141 32713028 0 0 10520867 10642555 70000 0 3289406 22736264 29107605 50718272 72463188 11675279 56784198 590641440 732698663 56242895 60001052 534398545 672697611 X THE STONY BROOK FOUNDATION, INC. IS A NOT-FOR-PROFIT, "NO MEMBER" CORPORATION ESTABLISHED IN 1965. SBF EXISTS TO ADVANCE THE MISSION AND GOALS OF SUNY STONY BROOK BY FACILITATING, ACCEPTING AND MANAGING PHILANTHROPIC GIFTS. (CONTINUED ON SCHEDULE O). 0 0 13901384 8394651 0 STONY BROOK FOUNDATION PROVIDED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK ACADEMIC PROGRAMS, CENTERS AND INSTITUTES IN ORDER TO NURTURE ACADEMIC ACHIEVEMENT AMONG SUNY STONY BROOK STUDENTS AND FACULTY BY PROVIDING FUNDS TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY THROUGH THE USE OF ENDOWED CHAIRS AND ENDOWED PROFESSORSHIPS, AID IN CURRICULUM ENHANCEMENT AS WELL AS EQUIP CLASSROOMS AND LABORATORIES WITH THE LATEST TECHNOLOGY. 12641685 8818628 0 STONY BROOK FOUNDATION PROVIDED SUNY STONY BROOK FUNDS FOR VARIOUS INSTITUTIONAL SUPPORT, INCLUDING BUT NOT LIMITED TO: FUNDING CONSTRUCTION OF CUTTING-EDGE FACILITIES SUCH AS THE INDOOR TRAINING CENTER FOR ATHLETICS, AS WELL AS SUBSTANTIAL RENOVATIONS OF THE CURRENT EXISTING STONY BROOK UNIVERSITY HOSPITAL, SUBSIDIZED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK STRATEGIC ACADEMIC INITIATIVES, AND STONY BROOK UNIVERSITY DEPARTMENTS SUCH AS MATHEMATICS, PHYSICS AND THE TURKANA BASIN INSTITUTE, AN ACADEMIC BASE FOR SCIENTIFIC RESEARCH AND TRAINING IN PALEONTOLOGY AND PALEOANTHROPOLOGY. 9397720 9278180 0 STONY BROOK FOUNDATION PROVIDED VARIOUS STUDENT FINANCIAL SUPPORT TO SUNY STONY BROOK AS WELL AS TO SUNY STONY BROOK'S STUDENTS TO ASSIST IN THEIR EFFORT OF DELIVERING A WORLD-CLASS EDUCATION AT REMARKABLY AFFORDABLE PRICES AND TO KEEP RECRUITING THE BEST YOUNG MINDS AND FUTURE LEADERS FROM ACROSS THE SOCIOECONOMIC SPECTRUM. 5339406 2059071 1619587 STONY BROOK FOUNDATION PROVIDED SUPPORT TO SUNY STONY BROOK IN ITS EFFORTS TO MAINTAIN THEIR REPUTATION AS A PUBLIC RESEARCH UNIVERSITY THAT THRIVES ON THE FOREFRONT OF DISCOVERY. AS SUCH, STONY BROOK FOUNDATION PROVIDES FUNDING TO SUPPORT VARIOUS AREAS OF RESEARCH INCLUDING: CANCER RESEARCH (STONY BROOK CANCER CENTER), ENVIRONMENTAL AND SUSTAINABILITY RESEARCH (SHINNECOCK BAY RESTORATION PROGRAM), CHEMICAL BIOLOGY RESEARCH, COMMUNICATION SCIENCE RESEARCH, AND MANY OTHER VARIOUS RESEARCH EFFORTS. 4880745 4162498 0 STONY BROOK FOUNDATION ALSO AIDS IN SUNY STONY BROOK'S FIRM COMMITMENT TO PROVIDING A DEDICATED EDUCATIONAL AND SOCIAL SUPPORT SYSTEM THAT ENABLES ALL THEIR STUDENTS TO THRIVE, BY PROVIDING FUNDING TO IMPROVE STUDENT, ADMINISTRATIVE AND PUBLIC SERVICES ACROSS SUNY STONY BROOK. 10220151 6221569 1619587 46160940 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 382 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA FL GA HI KS KY MD MA MI MN NH NJ NY OR SC UT WV WI X X KACY BULLARD 6316326536 230 ADMINISTRATION STONY BROOK NY 11794 X DR MAURIE MCINNIS VOTING EX-OFF TRUSTEE (AS OF 07/2020) 3.00 0.10 X 69058 0 0 MR RICHARD L GELFOND TRUSTEE, CHAIR 4.00 0.10 X X 0 0 0 MR DAVID E ACKER TRUSTEE, VICE CHAIR 1.00 0.00 X X 0 0 0 DR LAURIE LANDEAU TRUSTEE, VICE CHAIR 1.00 0.00 X X 0 0 0 DR JAMES H SIMONS TRUSTEE, CHAIR EMERITUS 1.00 0.00 X X 0 0 0 MR CARY F STALLER TRUSTEE, SECRETARY 1.00 1.00 X X 0 0 0 DR NANCY RAUCH DOUZINAS TRUSTEE, TREASURER 1.00 0.00 X X 0 0 0 DR ASHVIN B CHHABRA TRUSTEE 0.50 0.00 X 0 0 0 DR BARRY S COLLER TRUSTEE 0.50 0.00 X 0 0 0 MR GUY-MAX DELPHIN TRUSTEE 0.50 0.10 X 0 0 0 MR BARRY M FOX ESQ TRUSTEE 0.50 0.10 X 0 0 0 MR STUART D GOLDSTEIN TRUSTEE 0.50 0.10 X 0 0 0 MS KAREN KEOGH TRUSTEE 0.50 0.00 X 0 0 0 MR WILLIAM L KNAPP TRUSTEE 0.50 0.00 X 0 0 0 DR HENRY B LAUFER TRUSTEE 0.50 0.00 X 0 0 0 MS DOROTHY LICHTENSTEIN TRUSTEE 0.50 0.00 X 0 0 0 DR ROBERT LOURIE TRUSTEE (THRU 06/30/2021) 0.50 0.00 X 0 0 0 DR NIRMAL MATTOO TRUSTEE 0.50 0.00 X 0 0 0 MR RICHARD T NASTI ESQ TRUSTEE 0.50 0.10 X 0 0 0 MR BERNARDO PIQET TRUSTEE 0.50 0.00 X 0 0 0 MS CAROLINE RITTER TRUSTEE 0.50 0.10 X 0 0 0 MR RUSSELL SHEPARD TRUSTEE 0.50 0.00 X 0 0 0 MRS SUSAN STEINHARDT ESQ TRUSTEE 0.50 0.00 X 0 0 0 MR DAVID MARCUS CIO 37.50 0.00 X 400000 0 116108 MR JASON W HSUEH CFO & COO 37.50 0.00 X 279278 0 115976 DEBORAH LOWEN-KLEIN INTERIM VP, ADVANCEMENT 37.50 0.00 X 331000 0 137454 JO-ANN DANIELS DIRECTOR, FINANCE & OPERATIONS 37.50 0.00 X 212462 0 88181 DANIELLE HOLTON ED DEVELOPMENT, SBCH 33.75 0.00 X 237989 0 98773 TARA STENZEL-FLEMING ED CORPORATE AND FR 37.50 0.00 X 190000 0 78901 CAROL GOMES CEO, COO OF SBUH 1.00 0.00 X 207692 0 0 1927479 0 635393 9 0 1 1 INVESTMENT MANAGER CO SBF 230 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 2067809 INVESTMENT MANAGER CO SBF 230 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 805373 BLUE STATE DIGITAL INC 62187 COLLECTIONS CENTER DRIVE CHICAGO IL 606930621 DIGITAL MARKETING/NETWORKING 692929 INVESTMENT MANAGER CO SBF 230 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 683775 INVESTMENT MANAGER CO SBF 230 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 675813 32 1424046 94304091 6120883 95728137 CONTRACTUAL AGENCY FEE 711300 1587062 1587062 1587062 156468 230706 -74238 691827 691827 144121 0 144121 144121 144121 725405703 35073 695433153 33000 29972550 2073 29974623 29974623 12887 7132 5755 5755 CONTRACTED SERVICES 900099 898856 898856 PKH MUSEUM ADMISSIONS 900099 32525 32525 MISCELLANEOUS REVENUE 900099 28012 28012 959393 129247386 1619587 230706 31668956 20883646 20883646 9478448 9478448 2350934 2350934 1093484 699627 393857 7129996 3381876 2135973 1612147 2365396 828730 875686 660980 53679 53679 71660 71660 122257 122257 83700 83700 18896332 18896332 4117555 3448260 235638 433657 193799 154745 39054 1126157 881223 31690 213244 894567 512219 75918 306430 714978 682394 32584 73599 60483 5768 7348 87128 81597 316 5215 512 512 238300 231322 6978 152198 64940 87258 EQUIPMENT AND RENTALS 1432601 1410249 19532 2820 REPAIRS & MAINTENANCE 441169 435643 3237 2289 MEMBERSHIP DUES 148301 142977 2945 2379 TAX EXPENSE 14029 12029 2000 0 298763 281707 13213 3843 72463188 46160940 23012842 3289406 X 25461208 36803994 62774595 78921106 98931529 97745497 486497 475570 168434 68434 21250 22334 935913 682015 15426796 4038223 11173358 11388573 62063943 85743344 325699971 417961708 2924742 2886088 590641440 732698663 4982380 6584879 77966 25280 48884761 52666256 63765 2234023 724637 56242895 60001052 X 40682551 65079348 493715994 607618263 534398545 672697611 590641440 732698663 56784198 81514868 0 X 0 1 X 1 0 X 62350041 58869092 65217329 54558793 95728137 336723392 62350041 58869092 65217329 54558793 95728137 336723392 150857972 185865420 1549797 2004637 2084723 1749850 761711 8150718 351184 171562 0 0 181658 704404 2672081 1369666 966343 1279720 939755 7227565 352806079 8736562 0.52680 0.56940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2016 AMOUNT: $ 273,234. 2017 AMOUNT: $ 233,725. 2018 AMOUNT: $ 288,424. 2019 AMOUNT: $ 148,146. 2020 AMOUNT: $ 0. GROSS INCOME FROM GAMING - 2016 AMOUNT: $ 26,089. 2017 AMOUNT: $ 25,649. 2018 AMOUNT: $ 28,550. 2019 AMOUNT: $ 29,705. 2020 AMOUNT: $ 0. CONTRACTED SERVICES - 2016 AMOUNT: $ 1,259,928. 2017 AMOUNT: $ 1,025,085. 2018 AMOUNT: $ 561,093. 2019 AMOUNT: $ 762,593. 2020 AMOUNT: $ 898,856. TRANSFER OF RESEARCH FUNDS - 2016 AMOUNT: $ 988,069. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. GROSS SALES OF INVENTORY - 2016 AMOUNT: $ 33,058. 2017 AMOUNT: $ 28,021. 2018 AMOUNT: $ 27,585. 2019 AMOUNT: $ 18,169. 2020 AMOUNT: $ 12,887. MISCELLANEOUS - 2016 AMOUNT: $ 91,703. 2017 AMOUNT: $ 57,186. 2018 AMOUNT: $ 60,691. 2019 AMOUNT: $ 321,107. 2020 AMOUNT: $ 28,012. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83700 83700 72379488 72463188 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 60000 60000 60000 83700 263700 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A, LINE 1(B) THE FOUNDATION DOES NOT ENGAGE IN ANY DIRECT LOBBYING ACTIVITY ITSELF; THE FOUNDATION HIRES AN OUTSIDE LOBBYING CONSULTANT TO ADVOCATE ON BEHALF OF EDUCATIONAL AND BUDGET ISSUES IMPACTING STONY BROOK UNIVERSITY. 508129 7469621 X X X 0 0 1 X 279331275 27463817 69845141 7998445 1942402 366699386 265806703 21065306 3751752 9656291 1636195 279331275 244955670 17716212 22532062 11988894 7408347 265806703 233966854 8032140 21666546 11077413 7632457 244955670 219656875 12982642 19444388 10134900 7982151 233966854 0.05950 0.59840 0.34210 0 0 1065854 1065854 6804608 3486093 3318515 168927 147403 21524 7387407 404727 6982680 11388573 INVESTMENTS IN US EQUITY FUNDS 148011770 F INVESTMENTS IN MULTI-STRATEGY 85369984 F INVESTMENTS IN PRIVATE EQUITY 128045953 F INVESTMENTS IN GLOBAL EQUITY 55551394 F INVESTMENTS IN DIVERSIFIED FIX 882607 F INV. IN SBHC PRIVATE EQUITY IV, LLC 100000 F 417961708 ANNUITIES PAYABLE 724637 724637 X 191873097 81514868 81514868 110358229 18896289 -7132 18889157 129247386 53574031 7132 7132 53566899 18896289 18896289 72463188 PART III, LINE 4: ORGANIZATIONS COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER ASSETS THE FOUNDATION OWNS THE POLLOCK-KRASNER HOUSE AND STUDY CENTER. THE CENTER OPERATES AS A MUSEUM AND LIBRARY. THE EXTENSIVE RESEARCH COLLECTIONS DEVELOPED AT THE CENTER ATTRACT SCHOLARS, STUDENTS AND RESEARCHERS FROM AROUND THE WORLD. THE UNITED STATES DEPARTMENT OF THE INTERIOR HAS DESIGNATED IT AS A NATIONAL HISTORIC LANDMARK. THE FOUNDATION ALSO OWNS VARIOUS BOOKS, PHOTOGRAPHS, JOURNAL COLLECTIONS, AND FINE ARTS USED TO FURTHER THE MISSION OF SUNY STONY BROOK BY NURTURING ACADEMIC INSTRUCTION, RESEARCH, LIBRARY AND PUBLIC SERVICE. PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS THE FOUNDATION HOLDS FUNDS AS A TRUSTEE/DISBURSING AGENT FOR AUXILIARY AGENCIES OF STONY BROOK UNIVERSITY, WHICH AMOUNTED TO $52,666,256 AS OF JUNE 30, 2021. SUCH AMOUNTS ARE INCLUDED IN CASH AND CASH EQUIVALENTS AND OTHER INVESTMENTS IN THE ACCOMPANYING COMBINED STATEMENTS OF FINANCIAL POSITION. THE FOUNDATION CHARGES FEES TO THESE AGENCIES FOR ADMINISTRATIVE COSTS, WHICH AMOUNTED TO $1,587,062 FOR FISCAL YEAR 2021, WHICH IS INCLUDED IN CONTRACTS AND OTHER SUPPORT IN THE COMBINED STATEMENT OF ACTIVITIES. PART V, LINE 4: ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENT IS INTENDED TO SUBSIDIZE ITS CHARITABLE MISSION OF SUPPORTING STONY BROOK UNIVERSITY'S EDUCATIONAL PROGRAMS. ALTHOUGH THE FOUNDATION'S ADOPTED POLICIES ALLOW FOR THE APPROPRIATION FOR EXPENDITURE OF THE PRINCIPAL OF ENDOWMENT FUNDS IN CERTAIN CASES WHERE DOING SO IS DEEMED PRUDENT, THE FOUNDATION GENERALLY LEAVES THE ENDOWMENT ASSETS UNTOUCHED, WHILE USING INVESTMENT INCOME TO FUND VARIOUS CHARITABLE PROGRAMS AND INITIATIVES. PART X, LINE 2: ASC 740 FOOTNOTE 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 IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY 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 FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS EXPENSES RELCASSED TO REVENUE -7,132. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS EXPENSES RECLASSED TO REVENUE 7,132. 1 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 2232418 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES EDUCATION & TRAINING 7508 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATION & TRAINING 8621 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATION & TRAINING 14415 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES RESEARCH 87972 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 231536144 NORTH AMERICA 0 0 INVESTMENTS 3007367 SUB-SAHARAN AFRICA 0 0 INVESTMENTS PROGRAM RELATED LOAN 2886088 0 0 0 0 0 0 239780533 0 239780533 SUB-SAHARAN AFRICA OPERATIONS 7898 CHECK SUB-SAHARAN AFRICA GENERAL SUPPORT 348037 CHECK SUB-SAHARAN AFRICA OPERATIONS 28770 WIRE SUB-SAHARAN AFRICA OPERATIONS 6785 CHECK SUB-SAHARAN AFRICA OPERATIONS 6515 CHECK SUB-SAHARAN AFRICA OPERATIONS 10925 CHECK SUB-SAHARAN AFRICA GENERAL SUPPORT 48072 WIRE SUB-SAHARAN AFRICA GENERAL SUPPORT 8177 WIRE SUB-SAHARAN AFRICA GENERAL SUPPORT & OPERATIONS 104166 WIRE SUB-SAHARAN AFRICA OPERATIONS 1700236 WIRE 5 5 1 0 1 1 1 0 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS OUTSIDE U.S. THE FOUNDATION MAKES GRANTS OUTSIDE OF THE U.S. ONLY TO ORGANIZATIONS AFFILIATED WITH STONY BROOK UNIVERSITY. IN THE CASE OF A GRANT FROM FUNDS OF THE FOUNDATION DESIGNATED FOR A PARTICULAR PURPOSE, THE DESIGNATED ACCOUNT MANAGER SUBMITS A REQUISITION FOR THE GRANT, TOGETHER WITH SUPPORTING DOCUMENTATION, TO THE FOUNDATION'S PROCUREMENT DEPARTMENT. A DETAILED JUSTIFICATION FOR THE GRANT IS REQUIRED, INCLUDING THE PURPOSE OF THE GRANT. THE GRANT REQUEST IS REVIEWED, INCLUDING FOR COMPLIANCE WITH THE TERMS OF INSTRUMENT DESIGNATING THE FUNDS FOR A PARTICULAR PURPOSE, AND APPROVED. IN THE CASE OF A REQUEST FOR MORE THAN $5,000, REVIEW, APPROVAL AND MANUAL CHECK SIGNATURE BY THE FOUNDATION'S BUSINESS OFFICE IS REQUIRED. IN THE CASE OF GRANTS FROM THE FOUNDATION'S UNRESTRICTED FUNDS, A GRANTEE SUBMITS A REQUEST, TOGETHER WITH SUPPORTING DOCUMENTATION. A DETAILED JUSTIFICATION FOR THE GRANT IS REQUIRED, INCLUDING THE PURPOSE OF THE GRANT. THE BUDGET COMMITTEE, TOGETHER WITH THE FOUNDATION'S EXECUTIVE DIRECTOR, REVIEWS AND APPROVES GRANT REQUEST FROM THE FOUNDATION'S UNRESTRICTED FUNDS. IN ALL CASES, AT THE END OF THE GRANT TERM, A FINAL REPORT REGARDING THE USE OF THE GRANT FUNDS IS SUBMITTED BY THE GRANTEE TO THE FOUNDATION. PART III ACCOUNTING METHOD: PART IV: FOREIGN FORMS STONY BROOK FOUNDATION, INC. INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT, LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, THE FOUNDATION'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT THE FOUNDATION IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH THE FOUNDATION'S FORM 990-T FILING. 1 RESEARCH FOUNDATION - STONY BROOK UNIVERSITY S5422 FRANK MELVILLE JR MEMORIAL LIBRARY STONY BROOK UNIVERSITY STONY BROOK NY 11794 141368361 501(C)(3) 3018632 RESEARCH AWARDS & EDUCATIONAL SUPPORT STONY BROOK UNIVERSITY OFFICE 261 ADMINISTRATION BLDG STONY BROOK UNIVERSITY STONY BROOK NY 11794 146013200 115 13149857 635234 BOOK EQUIPMENT EDUCATIONAL SUPPORT ALUMNI ASSOC OF THE ST UNIV OF NY AT STONY BROOK 1315 FM JR MEM LIBR STONY BROOK NY 11794 510160098 501(C)(3) 25000 OPERATION SUPPORT FACULTY STUDENT ASSOCIATION W SIDE DINNING FL 2 STONY BROOK NY 11794 111986378 501(C)(3) 19378 EDUCATIONAL SUPPORT STONY BROOK UNIVERSITY HOSPITAL STONY BROOK MEDICINE 101 NICOLLS RD STONY BROOK NY 11794 113243405 115 3976732 OPERATION SUPPORT BALDWIN UFSD 960 HASTINGS STREET BALDWIN NY 11510 116002025 115 30575 EDUCATIONAL SUPPORT CITY OF NEW YORK 52 CHAMBERS STREET NEW YORK NY 10007 136400434 115 16252 EDUCATIONAL SUPPORT ELWOOD UFSD 100 KENNETH AVENUE GREENLAWN NY 11740 116000525 115 5742 EDUCATIONAL SUPPORT 8 0 ACADEMIC STIPENDS AND GRAD STUDENT FELLOWSHIPS 163 745531 ACADEMIC PRIZES AND AWARDS 484 375522 12610 BOOK VARIOUS SCHOOL EQUIPMENT STUDENT AID 191 153382 3702 BOOK VARIOUS SCHOOL EQUIPMENT SCHOLARSHIPS 3674 8187702 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS IN U.S. WHEN THE FOUNDATION ISSUES GRANTS FROM FUNDS WITH A PURPOSE RESTRICTION, THE DESIGNATED ACCOUNT MANAGER SUBMITS A REQUISITION FOR THE GRANT, TOGETHER WITH SUPPORTING DOCUMENTATION, TO THE FOUNDATION'S PROCUREMENT DEPARTMENT. A DETAILED JUSTIFICATION FOR THE GRANT IS REQUIRED, INCLUDING THE PURPOSE OF THE GRANT. THE GRANT REQUEST IS REVIEWED, INCLUDING FOR COMPLIANCE WITH THE TERMS OF INSTRUMENT DESIGNATING THE FUNDS FOR A PARTICULAR PURPOSE, AND APPROVED. WHEN THE FOUNDATION ISSUES A GRANT FOR MORE THAN $5,000, REVIEW, APPROVAL AND MANUAL CHECK SIGNATURE BY THE FOUNDATION'S BUSINESS OFFICE IS REQUIRED. WHEN THE FOUNDATION ISSUES A GRANT FROM UNRESTRICTED FUNDS, A GRANTEE SUBMITS A REQUEST, TOGETHER WITH SUPPORTING DOCUMENTATION. A DETAILED JUSTIFICATION FOR THE GRANT OR DIRECT PAYMENT, AS APPLICABLE, IS REQUIRED INCLUDING THE PURPOSE OF THE GRANT OR DIRECT PAYMENT, AS APPLICABLE. THE BUDGET COMMITTEE, TOGETHER WITH THE FOUNDATION'S EXECUTIVE DIRECTOR, REVIEWS AND APPROVES REQUESTS FROM THE FOUNDATION'S UNRESTRICTED FUNDS. DEPENDING ON THE TYPE OF GRANT AND THE GRANT RECIPIENT, AT THE END OF THE GRANT TERM, A FINAL REPORT REGARDING THE USE OF THE GRANT FUNDS IS SUBMITTED BY THE GRANTEE TO THE FOUNDATION. IN LIEU OF MAKING GRANT PAYMENTS, THE FOUNDATION MAY PAY EXPENSES DIRECTLY ON BEHALF OF A GRANTEE. FOR THE ACADEMIC PRIZES AND AWARDS, THE FUNDS ARE DISTRIBUTED INCREMENTALLY, AND THE INCREMENTS SHALL BE BASED ON BUSINESS PLAN MILESTONES AND/OR OTHER BENCHMARKS IDENTIFIED BY THE COMMITTEE. X X 0 0 0 0 0 0 0 0 0 0 0 MR DAVID MARCUS CIO 400000 0 0 0 0 0 0 0 116108 0 516108 0 0 0 DEBORAH LOWEN-KLEIN INTERIM VP, ADVANCEMENT 331000 0 0 0 0 0 0 0 137454 0 468454 0 0 0 MR JASON W HSUEH CFO & COO 279278 0 0 0 0 0 0 0 115976 0 395254 0 0 0 DANIELLE HOLTON ED DEVELOPMENT, SBCH 237989 0 0 0 0 0 0 0 98773 0 336762 0 0 0 JO-ANN DANIELS DIRECTOR, FINANCE & OPERATIONS 212462 0 0 0 0 0 0 0 88181 0 300643 0 0 0 TARA STENZEL-FLEMING ED CORPORATE AND FR 190000 0 0 0 0 0 0 0 78901 0 268901 0 0 0 CAROL GOMES CEO, COO OF SBUH 207692 0 0 0 0 0 0 0 0 0 207692 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE STONY BROOK UNIVERSITY'S DIRECTOR OF THE SIMONS CENTER FOR GEOMETRY & PHYSICS RESIDES AT A STONY BROOK FOUNDATION PROPERTY RENT & EXPENSE FREE. THE FAIR MARKET VALUE OF RESIDING AT THE PROPERTY IS INCLUDED IN TAXABLE INCOME ON HIS SBF FORM W-2. THE DIRECTOR OF THE SIMONS CENTER FOR GEOMETRY NO LONGER MEETS THE REQUIREMENT FOR DISCLOSURE ON THE FOUNDATION'S FORM 990; NEVERTHELESS, THE FOUNDATION IS RETAINING THIS DISCLOSURE IN THE INTERESTS OF TRANSPARENCY. PART I, LINE 3 METHOD OF ESTABLISHING COMPENSATION OF THE CEO/OFFICERS STONY BROOK FOUNDATION'S OFFICERS ARE STATE UNIVERSITY EMPLOYEES, AND AS SUCH, THE STATE (AN UNRELATED GOVERNMENT ENTITY) DETERMINES APPROPRIATE COMPENSATION FOR THE OFFICERS AND REQUESTS THAT THE FOUNDATION AGREE TO BEAR A PORTION OF THE COMPENSATION. THE FOUNDATION'S BOARD RELIES ON THE STATE'S DETERMINATION OF APPROPRIATE OVERALL COMPENSATION FOR THE OFFICERS AND DETERMINES WHETHER TO APPROVE PAYMENT OF A PORTION OF THE COMPENSATION BY THE FOUNDATION. ACCORDINGLY, SINCE THE FOUNDATION DOES NOT ESTABLISH THE OFFICER'S COMPENSATION, FORM 990, SCHEDULE J, QUESTION 3 IS LEFT BLANK. DR JAMES SIMONS BOARD MEMBER 36537236 INVESTMENTS HELD 0 DR JAMES SIMONS BOARD MEMBER 230006 INV FEES 0 HENRY LAUFER BOARD MEMBER 36537236 INVESTMENTS HELD 0 HENRY LAUFER BOARD MEMBER 230006 INV FEES 0 SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONSTHE FOUNDATION HOLDS INVESTMENTS WITH AN INVESTMENT FIRM WHERE BOARD OF TRUSTEES MEMBERS, DR. JAMES SIMONS AND HENRY B. LAUFER HAVE AN OWNERSHIP INTEREST AND WHERE THEY BOTH SIT ON THE BOARD OF DIRECTORS. IN ADDITION, BOTH DR. SIMONS AND HENRY LAUFER ARE DESIGNATED AS SUBSTANTIAL CONTRIBUTORS TO THE FOUNDATION. THE VALUE OF THE FOUNDATION'S HOLDINGS WITH THE FIRM IS $36,537,236; FOR THE YEAR ENDING JUNE 30, 2021, THE FOUNDATION PAID THE INVESTMENT FIRM $230,006 IN INVESTMENT MANAGEMENT FEES. X 88 508129 APPRAISAL X 132 5609838 FMV X SUPPLIES 25 2916 FMV 3 0 1 1 PART I, LINE 32B: THIRD PARTY ASSISTANCE OF NONCASH CONTRIBUTIONS TO THE EXTENT THE FOUNDATION RECEIVES DONATIONS OF SECURITIES, IT EMPLOYS ITS OWN INVESTMENT BROKER TO LIQUIDATE THOSE SECURITIES INTO CASH FOR USE IN CARRYING OUT ITS CHARITABLE MISSION. OCCASIONALLY, THE FOUNDATION RECEIVES UNIQUE NON-CASH DONATIONS (E.G. OF BOATS, ETC); IN THOSE INSTANCES, THE FOUNDATION USES A THIRD PARTY VENDOR TO DISPOSE OF THE ASSETS. IN FISCAL 2021, THE FOUNDATION RECEIVED A CONTRIBUTION OF ARTWORK THAT IT HAS ADDED TO ITS COLLECTION OF ART IT SHARES WITH THE GENERAL PUBLIC FOR ITS APPRECIATION AND ENJOYMENT. SCH M, PART I, LINE 9: IN THE YEAR ENDING JUNE 30, 2021, THE FOUNDATION RECEIVED $1,943,384 IN STOCK DONATIONS IN SATISFACTION OF PRIOR YEAR PLEDGE PAYMENTS. GENERAL STATEMENT REGARDING THE COVID-19 PANDEMIC: IN MARCH 2020, THE WORLD HEALTH ORGANIZATION OFFICIALLY DECLARED COVID-19, A DISEASE CAUSED BY THE NOVEL CORONAVIRUS, A PANDEMIC. THIS CAUSED MANY LOCAL AND NATIONAL GOVERNMENTS, INCLUDING THE NEW YORK STATE, TO IMPOSE RESTRICTIONS ON BUSINESS OPERATIONS, TRAVEL AND PUBLIC GATHERINGS. THE OUTBREAK HAS ADVERSELY IMPACTED THE LEVEL OF ECONOMIC ACTIVITY AROUND THE WORLD AND DISRUPTED NORMAL BUSINESS ACTIVITY IN EVERY SECTOR OF THE ECONOMY. THE FULL IMPACT OF THE COVID-19 OUTBREAK CONTINUES TO EVOLVE AS OF THE DATE OF THIS REPORT. EXTERNAL FACTORS, INCLUDING THE DURATION AND INTENSITY OF THE PANDEMIC, THE SHAPE OF THE ECONOMIC RECOVERY AND ITS IMPACT ON POTENTIAL GOVERNMENT FUNDING, AS WELL AS TIMING AND WIDESPREAD ADOPTION OF VACCINES, COULD HAVE AN IMPACT ON THE ORGANIZATION'S FUTURE OPERATING AND PROGRAMMATIC RESULTS. FORM 990, PART I, LINE 15: AMOUNTS REPORTED ON LINE 15 SALARIES, OTHER COMPENSATION, AND EMPLOYEE BENEFITS ARE COMPRISED OF SUPPORT FOR CAMPUS PROGRAMS, ADMINISTRATIVE OFFICES AND FUNDRAISING OFFICES. FOR FISCAL YEAR 2021, THE TOTAL SUPPORT OF $10,642,555 INCLUDES $4,963,912 RELATED TO CAMPUS PROGRAMS, $3,405,516 RELATED TO ADMINISTRATIVE OFFICES AND $2,273,127 RELATED TO FUNDRAISING OFFICES. FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION CONTINUED THE PURPOSES OF THE FOUNDATION ARE AS FOLLOWS: A. TO ASSIST IN DEVELOPING AND INCREASING THE RESOURCES OF THE STATE UNIVERSITY OF NEW YORK AT STONY BROOK ("STONY BROOK UNIVERSITY") IN ORDER TO PROVIDE MORE EXTENSIVE EDUCATIONAL OPPORTUNITIES AND SERVICES BY MAKING AND ENCOURAGING GIFTS, GRANTS, CONTRIBUTIONS AND DONATIONS OF REAL AND PERSONAL PROPERTY TO OR FOR THE BENEFIT OF STONY BROOK UNIVERSITY. B. TO RECEIVE, HOLD, ADMINISTER AND DISPOSE OF GIFTS AND GRANTS, AND TO ACT WITHOUT PROFIT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTIVES OF STONY BROOK UNIVERSITY. C. TO FINANCE THE CONDUCT OF STUDIES AND RESEARCH OF ANY AND ALL FIELDS OF INTELLECTUAL INQUIRY OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTIVES OF STONY BROOK UNIVERSITY AND/OR ITS CONSTITUENT SCHOOLS, AND TO ENTER INTO CONTRACTUAL RELATIONSHIPS APPROPRIATE TO THE PURPOSES OF THE FOUNDATION. D. TO GRANT AND/OR ADMINISTER SCHOLARSHIPS AND FELLOWSHIPS AND TO ENGAGE IN EXPERIMENTAL EDUCATION ACTIVITIES AND RESEARCH PROJECTS. FORM 990, PART VI, SECTION A, LINE 1 DELEGATION OF AUTHORITY THE FOLLOWING COMMITTEES OF THE FOUNDATION'S BOARD OF TRUSTEES HAVE BEEN DELEGATED AUTHORITY BY THE BOARD OF TRUSTEES. THE FOUNDATION'S EXECUTIVE COMMITTEE HAS ALL THE POWER AND AUTHORITY OF THE FOUNDATION'S BOARD ("BOARD") WHEN THE BOARD IS NOT IN SESSION, EXCEPT FOR THE AUTHORITY TO FILL VACANCIES ON THE BOARD OR ANY BOARD COMMITTEE, FIX, IF ANY, COMPENSATION FOR BOARD TRUSTEES (NONE IS PRESENTLY PAID) INCLUDING ANY BOARD COMMITTEES, TO AMEND, REPEAL OR ADOPT NEW FOUNDATION BYLAWS, TO ELECT OR REMOVE ANY OFFICER OR TRUSTEE, TO APPROVE ANY PLAN OF MERGER OR DISSOLUTION, TO AUTHORIZE THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE FOUNDATION OR TO APPROVE AMENDMENTS TO THE FOUNDATION'S CERTIFICATE OF INCORPORATION. THE EXECUTIVE COMMITTEE WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT FROM THE BOARD FROM TIME TO TIME. THE EXECUTIVE COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE FOUNDATION'S ACCOUNTING AND FINANCIAL REPORTING PROCESSES, ADMINISTERING THE FOUNDATION'S CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES, AND PROCUREMENT OR TERMINATION AND OVERSEEING THE FOUNDATION'S TRUSTEES AND OFFICERS' INSURANCE COVERAGE. THE AUDIT COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S BUDGET COMMITTEE IS RESPONSIBLE FOR THE GENERAL SUPERVISION OF THE FOUNDATION'S FINANCIAL AFFAIRS AND ANNUAL BUDGET AND WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT BY THE BOARD FROM TIME TO TIME. THE BUDGET COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S INVESTMENT COMMITTEE IS RESPONSIBLE FOR THE SUPERVISION OF THE FOUNDATION'S INVESTMENTS AND ANY INDIVIDUALS OR ENTITIES TO WHICH INVESTMENT MANAGEMENT RESPONSIBILITY IS DELEGATED, THE REVIEW OF COMPENSATION OF FOUNDATION INVESTMENT MANAGERS WHO ARE ALSO TRUSTEES OR OFFICERS OF THE FOUNDATION AND WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT BY THE BOARD FROM TIME TO TIME. THE INVESTMENT COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S NOMINATING COMMITTEE PROVIDES ASSISTANCE TO THE BOARD AS REQUESTED FROM TIME TO TIME, INCLUDING BY ESTABLISHING CRITERIA FOR THE SELECTION OF NEW TRUSTEES AND IDENTIFYING INDIVIDUALS QUALIFIED TO BECOME TRUSTEES, AND WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT BY THE BOARD FROM TIME TO TIME. THE NOMINATING COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 2 FAMILY OR BUSINESS RELATIONSHIPS DR. CHHABRA AND DR. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. LAUFER AND DR. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. LOURIE AND DR. SIMONS SHARE A BUSINESS RELATIONSHIP. DR. COLLER AND DR. SIMONS SHARE A BUSINESS RELATIONSHIP. MR. ACKER AND DR. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. LANDEAU AND DR. SIMONS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B CONTEMPORANEOUS DOCUMENTATION THE FOUNDATION ADOPTED POLICIES PURSUANT TO WHICH THE BOARD AND ALL COMMITTEES OF THE BOARD (EXCEPT THE EXECUTIVE COMMITTEE) WILL CONTEMPORANEOUSLY DOCUMENT IN MINUTES THE MEETINGS HELD (OTHER THAN IN EXECUTIVE SESSION) AND WRITTEN ACTIONS UNDERTAKEN. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 IS THEN FORWARDED TO THE EXECUTIVE COMMITTEE FOR REVIEW, COMMENT AND FINAL APPROVAL. THE FINAL VERSION IS CIRCULATED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICT OF INTEREST POLICY PURSUANT TO THE FOUNDATION'S BYLAWS (ARTICLE IV, SECTION 11), ALL TRUSTEES, OFFICERS AND KEY PERSONS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST CERTIFICATION. THE ANNUAL CERTIFICATION REQUIRES EACH TRUSTEE, OFFICER AND KEY EMPLOYEE OF THE FOUNDATION TO DISCLOSE IN WRITING THE EXISTENCE OF ANY POTENTIAL CONFLICTS OF INTEREST, TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TO AGREE TO ABIDE BY IT. THE SIGNED CERTIFICATIONS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. IF AN INDIVIDUAL BECOMES AWARE THAT HE OR SHE MAY BE INVOLVED IN A POTENTIALLY CONFLICTED TRANSACTION, HE OR SHE WILL IMMEDIATELY DISCLOSE THE EXISTENCE AND MATERIAL FACTS OF HIS OR HER INTEREST IN THE CONFLICTED TRANSACTION TO THE EXECUTIVE DIRECTOR OF THE FOUNDATION, WHO WILL REPORT THE MATTER TO THE CHAIR OF THE AUDIT COMMITTEE. BOARD DISCUSSIONS PERTAINING TO THE CONFLICT (AND ITS RESOLUTION) ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION PAID TO THE FOUNDATION'S EXECUTIVE DIRECTOR IS DETERMINED BY AN UNRELATED THIRD PARTY: THE STATE OF NEW YORK. THE STATE HAS ESTABLISHED COMPENSATION GUIDELINES WHEREBY COMPENSATION IS CAPPED AT A SPECIFIC LEVEL. THE FOUNDATION HAS NO DISCRETION TO MODIFY THE COMPENSATION THRESHOLDS ESTABLISHED BY THE STATE; HOWEVER, THE FOUNDATION MAY APPROVE A REQUEST FROM THE UNIVERSITY TO PROVIDE ADDITIONAL COMPENSATION IN AN EFFORT TO ATTRACT TALENT AND PAY THESE INDIVIDUALS AT A MARKET RATE RENDERING SERVICES TO THE FOUNDATION. SUCH ADDITIONAL COMPENSATION IS THEN APPROVED BY THE FOUNDATION BOARD. THE COMPENSATION IS MEMORIALIZED IN AN EMPLOYMENT CONTRACT NOTING THAT A PORTION OF SALARY WILL COME FROM STONY BROOK FOUNDATION AND ANOTHER PORTION FROM THE UNIVERSITY, CAUSING CERTAIN EMPLOYEES TO RECEIVE TWO W-2'S. LINE 15B: PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION PAID TO THE FOUNDATION'S OTHER OFFICERS (COO, CFO AND CIO) IS RECOMMENDED BY THE FOUNDATION'S EXECUTIVE DIRECTOR, AND IS REVIEWED BY AN UNRELATED THIRD PARTY TAX-EXEMPT ORGANIZATION TO DETERMINE IF COMPENSATION IS APPROPRIATE AND WITHIN THE GUIDELINES OF INDUSTRY STANDARDS. THE APPROVED COMPENSATION IS THEN MEMORIALIZED IN AN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC STONY BROOK FOUNDATION, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART VII: COMPENSATION IN THE INTEREST OF CLARITY, THE FOUNDATION IS PROVIDING CONTEXT ON THE COMPENSATION REPORTED IN BOTH PART VII AND SCHEDULE J OF THE FORM 990. DR. MAURIE MCINNIS, EX-EFFICIO TRUSTEE, IS A NY STATE UNIVERSITY EMPLOYEE. IN 2009, THE STONY BROOK FOUNDATION WAS ASKED BY THE SUNY CHANCELLOR AND SUNY BOARD OF TRUSTEES TO SUPPLEMENT THE PRESIDENT'S COMPENSATION. CONSISTENT WITH ITS MISSION TO HELP ADVANCE THE MISSION OF THE UNIVERSITY, THE STONY BROOK FOUNDATION BOARD APPROVED THIS EXPENSE AND CONTINUES TO PROVIDE ANNUAL SALARY SUPPORT. THIS COMPENSATION ARRANGEMENT IS REPORTED IN THE INDIVIDUAL'S ANNUAL CONFLICT OF INTEREST DISCLOSURE THAT IS SHARED WITH THE FOUNDATION'S BOARD OF DIRECTORS TO ENSURE ABSOLUTE TRANSPARENCY. DR. MCINNIS'S COMPENSATION, AS REPORTED ON THE FORM 990, PART VII, REPRESENTS THE AMOUNT PAID BY THE FOUNDATION; TO THE EXTENT DR. MCINNIS IS COMPENSATED BY SUNY, IT IS NOT DISCLOSED ON THIS FORM 990 AS SUNY IS NOT A RELATED PARTY AND THE SERVICES FOR WHICH SHE WAS COMPENSATED WERE NOT RENDERED TO THE FOUNDATION. FINALLY, IT SHOULD BE NOTED THAT DR. MCINNIS IS DIRECTLY INVOLVED IN FUNDRAISING ON THE FOUNDATION'S BEHALF, HOWEVER, THE COMPENSATION REPORTED ON THE FORM 990 IS NOT SPECIFICALLY TIED TO THOSE FUNDRAISING EFFORTS. CFO & COO, JASON HSUEH, AND CIO, DAVID MARCUS SPEND 100% OF THEIR TIME ENGAGED IN ACTIVITIES THAT SUPPORT THE FOUNDATION; HOWEVER, THEIR COMPENSATION IS PAID BY AN UNRELATED THIRD PARTY TAX-EXEMPT ORGANIZATION AND NOT DIRECTLY BY THE FOUNDATION. COMPENSATION PAID BY AN UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FOUNDATION IS REQUIRED TO BE DISCLOSED IN PART VII, COLUMN (D) AS THOUGH IT HAD BEEN PAID BY THE FOUNDATION. HIGHLY COMPENSATED EMPLOYEES, JO-ANN DANIELS, DEBORAH LOWEN-KLEIN, TARA STENZEL-FLEMING, AND DANIELLE HOLTON, LIKEWISE, RECEIVE THEIR COMPENSATION FROM AN UNRELATED THIRD PARTY TAX-EXEMPT ORGANIZATION. THERE IS A SALARY CAP FOR STATE UNIVERSITY EMPLOYEE: MS. GOMES. IN RESPONSE TO THE UNIVERSITY'S OCCASIONAL REQUEST, THE STONY BROOK FOUNDATION'S BOARD DOES REVIEW AND APPROVE FUNDS FOR ADDITIONAL COMPENSATION TO THE UNIVERSITY EMPLOYEES SO THAT THE UNIVERSITY CAN RECRUIT THE BEST PEOPLE FOR THE JOB. INDIVIDUAL EMPLOYEES' CONTRACTS OUTLINE THE PORTION OF THEIR SALARY THAT WILL COME FROM STONY BROOK FOUNDATION AND ANOTHER PORTION FROM THE UNIVERSITY, CAUSING CERTAIN EMPLOYEES TO RECEIVE TWO W-2'S. BENEFITS ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. GENERAL STATEMENT REGARDING THE PPP LOAN: THE FOUNDATION RECEIVED A PAYCHECK PROTECTION PROGRAM ("PPP") LOAN OF $1,424,046 WHICH WAS EXCLUSIVELY USED TO HELP THE FOUNDATION SUBSIDIZE ITS PAYROLL. THE PPP LOAN ENABLED THE FOUNDATION TO RETAIN EMPLOYEES AND CONTINUE ITS MISSION TO SUPPORT STONY BROOK UNIVERSITY AND ITS STUDENTS, ENSURING ACCESS TO A WORLD-CLASS PUBLIC UNIVERSITY EDUCATION FOR STUDENTS FROM FAMILIES WITH LIMITED MEANS. THE FOUNDATION RECEIVED FULL FORGIVENESS OF ITS PPP LOAN BY THE SMALL BUSINESS ADMINISTRATION; THE PPP LOAN IS RECORDED AS GOVERNMENTAL GRANT REVENUE IN PART VIII, LINE 1(E). STONY BROOK FOUNDATION REALTY 230 ADMINISTRATION STONY BROOK NY 11794 112622814 REAL ESTATE NY 501(C)(3) LINE 12A, I SBF 1 LONG ISLAND HIGH TECH INCUBATOR INC 25 EAST LOOP ROAD STONY BROOK NY 11790 113059018 DEVELOP TECH NY 501(C)(3) LINE 10 N/A 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 STONY BROOK FOUNDATION REALITY INC C 929856 CASH STONY BROOK FOUNDATION REALITY INC D 68434 COST