BETA

2033 FUND: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
2033 FUND (EIN 82-3699790)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-07
IRS object ID
202233119349304378
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-07T17:51:03-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Crowe LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1901 S Mopac Expy Bldg II Suite 450AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78746ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823699790EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The 2033 Higher Education DevelopmentBusinessNameLine1Txt
Business Name Line2FoundationBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name Control2033BusinessNameControlTxt
Phone5123813001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12500 Bee Cave Road Bldg 2 Suite 15AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78746ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSanford GottesmanPersonNm
Person TitlePresidentPersonTitleTxt
Phone5123813001PhoneNum
Signature2022-11-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSanfordPersonFirstNm
Person LastGottesmanPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKeith-Ann SteedPreparerPersonNm
PTINP01318159PTIN
Phone5124808182PhoneNum
Preparation2022-11-02PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSanford GottesmanPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12500 Bee Cave Road Bldg 2 Suite 150AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78746ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$50,000GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTo Support The University of Texas at AustinActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$50,000CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$0PYTotalRevenueAmt
CY Total Revenue$50,000CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$15,867PYOtherExpensesAmt
CY Other Expenses$16,860CYOtherExpensesAmt
PY Total Expenses$15,867PYTotalExpensesAmt
CY Total Expenses$16,860CYTotalExpensesAmt
PY Revenues Less Expenses-$15,867PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$33,140CYRevenuesLessExpensesAmt
Total Assets BOY$49,312,511TotalAssetsBOYAmt
Total Assets EOY$108,477,674TotalAssetsEOYAmt
Total Liabilities BOY$48,977,680TotalLiabilitiesBOYAmt
Total Liabilities EOY$108,109,703TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$334,831NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$367,971NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO SUPPORT UT AUSTIN BY PROVIDING: STRATEGIC ADVICE TO THE PRESIDENT, INCLUDING BUT NOT LIMITED TO EXPERTISE IN THE ACQUISITION, DEVELOPMENT, AND DISPOSITIONS OF REAL PROPERTY; REAL ESTATE MARKET DATA AND TREND INFORMATION; RELATIONSHIPS WITH FINANCIAL INSTITUTIONS, DEVELOPERS, CONSTRUCTION COMPANIES AND OTHER REAL ESTATE PROFESSIONALS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescSUPPORT UT AUSTIN THROUGH PARTICIPATING IN CERTAIN TRANSACTIONS, INCLUDING SECURING A LONG TERM GROUND LEASE AND DEVELOPMENT OF PROPERTY ADJACENT TO THE UT AUSTIN DELL MEDICAL SCHOOL TO ENABLE THE EXPANSION OF THE MEDICAL SCHOOL.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSanford GottesmanPersonNm
Phone5123813001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12500 Bee Cave Road Bldg 2 Suite 150AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78746ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Sanford L Gottesman
President30.00Yes (X)Yes (X)$0$0$0
Jeremy Smitheal
Vice President15.00Yes (X)Yes (X)$0$0$0
Nancy Brazzil
Secretary/Treasurer3.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ZapalacReed Construction Co LP
13215 Bee Cave Parkway Bldg A SuitBee CaveTX78738Construction$55,956,314
Gensler
PO Box 848279DallasTX75284Engineering Services$638,638
Layton B Wilson Company
1303 San Antonio StAustinTX78701Project Management Fees$466,661
Brailsford & Dunlavey Inc
1140 Connecticut Ave NW 400WashingtonTX20036Professional Services$409,665
Terracon Consultants Inc
5307 Industrial Oaks Blvd Suite 1AustinTX78735Material Testing$261,075
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt
All Other Contributions$50,000AllOtherContributionsAmt
Total Contributions$50,000TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$50,000TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,831TotalAmt
Management And General$16,831ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescBank ChargesDesc
Total$29TotalAmt
Management And General$29ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$16,860TotalAmt
Program Services$0ProgramServicesAmt
Management And General$16,860ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$160,628BOYAmt
EOY$161,238EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$108,316,436LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$49,151,883BOYAmt
EOY$108,316,436EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$49,312,511BOYAmt
EOY$108,477,674EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,147,299BOYAmt
EOY$8,053,413EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$41,059,964BOYAmt
EOY$99,469,020EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$100,000BOYAmt
EOY$100,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$670,417BOYAmt
EOY$487,270EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$48,977,680BOYAmt
EOY$108,109,703EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$334,831BOYAmt
EOY$367,971EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$334,831BOYAmt
EOY$367,971EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$49,312,511BOYAmt
EOY$108,477,674EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$33,140ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type3 Func IntYes (X)SupportingOrgType3FuncIntInd
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1The University of Texas At AustinBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN746000203EIN
Organization Type5OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

FieldValueIRS element (for citing)
Timely Provided DocumentsYes (1)TimelyProvidedDocumentsInd
Officers Close RelationshipYes (1)OfficersCloseRelationshipInd
Supported Org Voice InvestmentYes (1)SupportedOrgVoiceInvestmentInd

Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp

FieldValueIRS element (for citing)
Activities TestYes (X)ActivitiesTestInd
Governmental EntityYes (X)GovernmentalEntityInd
Activities Further Exempt PrpsYes (1)ActivitiesFurtherExemptPrpsInd
Activities Engaged Org InvlmntYes (1)ActivitiesEngagedOrgInvlmntInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Section D, Line 3SECTION 6.10 OF THE BYLAWS PROVIDES THAT "IN THE EVENT THAT THE BOARD OF DIRECTORS MAKES ANY DECISION REGARDING ANY INVESTMENT POLICIES OF THE CORPORATION, GRANTS OR SCHOLARSHIPS, SUCH DECISION MUST BE APPROVED WITH PRIOR WRITTEN CONSENT OF THE PRESIDENT OF UT. FURTHERMORE, IN DIRECTING THE USE OF THE INCOME OR ASSETS OF THE CORPORATION, SUCH DECISION MUST BE MADE WITH THE UNANIMOUS CONSENT OF THE BOARD OF DIRECTORS."
PART IV, SECTION E, LINE 1CPURSUANT TO ARTICLE V OF THE CERTIFICATE OF FORMATION, THE PURPOSE OF THE FOUNDATION IS TO "OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF TEXAS AT AUSTIN ("UT"), AND WILL BE OPERATED IN CONNECTION WITH UT WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE AND SUBSTANTIALLY ALL OF THE ACTIVITIES OF THE FOUNDATION WILL DIRECTLY FURTHER THE EXEMPT PURPOSES OF UT AND/OR SUPPORT A GOVERNMENTAL SUPPORTED ORGANIZATION WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.509(A)-4(I)(4)." ACCORDINGLY, THE FOUNDATION SUPPORTS UT AUSTIN.
PART IV, SECTION E, LINE 2ATHE FOUNDATION DIRECTLY FURTHER THE EXEMPT PURPOSES OF UT AUSTIN TO WHICH THE FOUNDATION IS RESPONSIVE BY PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSES OF, UT AUSTIN; AND, BUT FOR THE INVOLVEMENT OF THE FOUNDATION, WOULD NORMALLY BE ENGAGED IN BY UT AUSTIN. FURTHER, TREAS. REG. SECTION 1.509(A)-4(I)(4)(II) CLARIFIES WHAT IS MEANT BY "DIRECTLY FURTHER AND PROVIDES HOLDING TITLE TO AND MANAGING EXEMPT USE ASSETS ARE ACTIVITIES THAT DIRECTLY FURTHER THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION. IN THIS CASE, THE FOUNDATION WILL BE HOLDING TITLE TO AND IMPROVING PROPERTY THAT WILL BE USED BY UT AUSTIN TO FURTHER THEIR EXEMPT PURPOSE.
PART IV, SECTION E, LINE 2BTHE "BUT FOR TEST" OF TREAS. REG. 1.509(A)-4(II)(A)(2) IS MET, BECAUSE IF THE FOUNDATION DID NOT DEVELOP THE OFFICE BUILDING, UT AUSTIN WOULD HAVE TO BUILD AN OFFICE BUILDING TO HOUSE ADMINISTRATIVE PERSONNEL FOR ITS MEDICAL SCHOOL AND WOULD BE HOLDING TITLE TO THE BUILDING IF THE FOUNDATION WAS NOT. THEREFORE, THE "BUT FOR TEST" OF TREAS. REG. 1.509(A)-4(II)(A)(2) IS MET.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$108,316,436OtherCostOrOtherBasisAmt
Book Value$108,316,436BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$108,316,436TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$50,000TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$50,000RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$50,000TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$16,860TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$16,860ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$16,860TotalExpensesPerForm990Amt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonSanford L GottesmanPersonNm
Relationship With OrgPresidentRelationshipWithOrgTxt
Loan PurposePayment of third party invoices on the organization's behalfLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$1,376,571OriginalPrincipalAmt
Balance Due$100,000BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written Agreement0WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$100,000TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2SANFORD GOTTESMAN AND JERRY SMITHEAL ARE PARTNERS IN AN UNRELATED BUSINESS VENTURE.
Form 990, Part VI, Section A, line 7aONE OF THE MEMBERS OF THE BOARD OF DIRECTORS WILL BE APPOINTED BY THE PRESIDENT OF UT.
Form 990, Part VI, Section B, line 11bTHE BOARD WILL REVIEW THE FORM 990 BEFORE FILING.
Form 990, Part VI, Section B, line 12cEACH DIRECTOR, PRINICIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
Form 990, Part VI, Section C, line 19THE ORGANIZATION MAKES CERTAIN DOCUMENTS AVAILABLE UPON REQUEST.

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