2021-04-20T16:29:29-05:00 2020-06-30 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2019-07-01 830403915 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY TOWE 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 DANIELE LECESNE COO 4089241765 2021-04-20 1 KACIE MCEWEN P01599614 6123324300 2021-04-20 2019 2022-09-23 18:48:47Z DANIELE LECESNE ONE WASHINGTON SQUARE SAN JOSE CA 951920183 197694321 0 X WWW.SJSU.EDU/TOWERFOUNDATION X 2004 CA ASSISTANCE TO ACADEMIC PROGRAMS & FACILITIES, STUDENT SCHOLARSHIPS, FACULTY, & ATHLETICS PROGRAMS 26 20 563 57 -31704 -31704 17226056 14499094 3038628 3756552 5656298 8741954 1123592 2789667 27044574 29787267 5670395 4496922 0 0 6800327 7963004 0 0 0 13578778 12192840 26049500 24652766 995074 5134501 211640861 204408600 3374373 2711608 208266488 201696992 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 22118697 4496922 6524374 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. 22118697 1 1 0 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 113 0 1 563 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 20 0 0 1 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 BRENT BRENNAN HEAD COACH, FOOTBALL 0.00 40.00 X 316283 294093 114903 MARIE TUITE ATHLETICS DIRECTOR 0.00 40.00 X 263580 256608 87181 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0.50 40.00 X 0 402606 150595 JEAN PRIOLEAU HEAD COACH, BASKETBALL 0.00 40.00 X 123360 283327 111645 DERRICK ODUM ASSISTANT COACH, FOOTBALL 0.00 40.00 X 104136 214160 90925 CHARLIE FAAS CFO, MANAGING DIRECTOR (UNTIL 6/20) 0.50 43.00 X X 0 259748 104757 LESLIE ROHN SECRETARY & COO (UNTIL 02/20) 40.00 0.00 X 0 161112 62159 RAVISHA MATHUR EX OFFICIO 0.50 40.00 X 0 123986 57711 ALLISON BRICENO DIRECTOR 0.50 40.00 X 0 88374 42706 JOON LEE TAN CONTROLLER 40.00 0.00 X 113872 0 17190 EVELYN JOHNSEN INTERIM COO & SECRETARY (UNTIL 6/20) 40.00 0.00 X 86932 0 6085 GARY D RADINE DIRECTOR 0.50 20.00 X 0 42088 760 DAVID NEIGHBORS EX OFFICIO 0.50 0.00 X 0 11067 0 SERGIO LANDAVERDE DIRECTOR 20.00 0.00 X 5340 0 0 ERIC KELLY CHAIRMAN OF THE BOARD 0.50 0.00 X X 0 0 0 PHILLIP R BOYCE VICE CHAIR 0.50 0.00 X X 0 0 0 JEFF RICCI TREASURER 0.50 0.00 X X 0 0 0 CHARLES W DAVIDSON DIRECTOR 0.50 0.00 X 0 0 0 COLLEEN B WILCOX DIRECTOR 0.50 0.00 X 0 0 0 CONSTANCE B MOORE DIRECTOR 0.50 0.00 X 0 0 0 DANA C DITMORE DIRECTOR 0.50 0.00 X 0 0 0 DAVID WENG DIRECTOR 0.50 0.00 X 0 0 0 EDWARD OATES DIRECTOR 0.50 0.00 X 0 0 0 GARY J SBONA DIRECTOR 0.50 0.00 X 0 0 0 JOE PINTO DIRECTOR 0.50 0.00 X 0 0 0 JOHN W BAIRD DIRECTOR 0.50 0.00 X 0 0 0 LESLIE C FRANCIS DIRECTOR 0.50 0.00 X 0 0 0 PETER V UEBERROTH DIRECTOR 0.50 0.00 X 0 0 0 RICHARD CONNIFF DIRECTOR 0.50 0.00 X 0 0 0 STEPHEN H CAPLAN DIRECTOR 0.50 0.00 X 0 0 0 WANDA HENDRIX DIRECTOR 0.50 0.00 X 0 0 0 WILLIAM E BARTON DIRECTOR 0.50 0.00 X 0 0 0 MARKO TRAPANI DIRECTOR 0.50 0.00 X 0 0 0 PETER N SMITS INTERIM CEO (UNTIL 12/19) 40.00 0.00 X X 0 0 0 1013503 2137169 846617 5 0 1 0 KOBAYASHI SUGITA & GODA LLP 999 BISHOP STREET SUITE 2600 HONOLULU HI 96813 LEGAL 672624 FINANCIAL ADMIN SUPPORT SERVICES 3180 NEWBERRY DR STE 200 SAN JOSE CA 95118 ACCOUNTING 240000 HOPKINS & CARLEY PO BOX 1469 SAN JOSE CA 95109 LEGAL 132859 3 14499094 2394438 14499094 ADMINISTRATION FEES 611710 3756552 3756552 3756552 3658769 3658769 172951544 167868359 5083185 5083185 -31704 5114889 60540 38695 21845 21845 REIMBURSEMENTS FROM SJSU/AUXULIAR 611710 754477 754477 2013345 2013345 2767822 29787267 6524374 -31704 8795503 4436628 4436628 60294 60294 105102 2096 103006 5653426 4802649 850777 88686 45518 43168 1775661 1175420 600241 340129 280595 59534 1162400 1147499 14901 364206 364206 50000 50000 656344 656344 1015073 826229 188844 5266 2820 2446 1857475 1837582 19893 53447 9087 44360 286640 265534 21106 334883 317713 17170 2211556 2211556 19691 3113 16578 ADMINISTRATION FEES 3756564 3645270 111294 STUDENT SUPPORT 184712 183373 1339 TAXES AND LICENSES 126875 118279 8596 DUES AND SUBSCRIPTIONS 107708 91098 16610 24652766 22118697 2534069 0 21830201 20631147 24694797 21716873 178282 2741 17263 134881 97025605 120249243 58771032 31373905 7985549 9155120 1138132 1144690 211640861 204408600 1599585 411093 1774788 2300515 3374373 2711608 X 208266488 201696992 0 0 0 0 208266488 201696992 211640861 204408600 X 5134501 -10438624 -1265373 X X 0 1 X 1 0 X 40854387 21928335 21770909 17226056 14499094 116278781 40854387 21928335 21770909 17226056 14499094 116278781 8562860 107715921 2490582 2549076 3178424 3574984 3658769 15451835 59527 0 123021 688895 0 871443 132602059 22495883 0.81230 0.82360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 50000 0 0 0 50000 0 PART II-B, LINE 1: MONETARY CONTRIBUTION TO CALIFORNIA COALITION FOR PUBLIC HIGHER EDUCATION FOR THE SUPPORT OF PROPOSITION 13 153212206 -2921322 -910318 633226 148747340 150056030 -3686217 7429657 587265 153212206 142939572 -1251642 8987311 619210 150056030 125627222 969552 16896637 553839 142939572 120043749 7852326 1778843 490009 125627222 0.12340 0.80520 0.07140 0 0 0 IVE INTERNATIONAL FUND-I 6987164 F VAUGHAN NELSON 6998420 F DODGE & COX 5476929 F FPA CRESCENT FUND 11911392 F 31373905 FUNDS HELD IN TRUST LIABILITY - CURRENT 152975 FUNDS HELD IN TRUST LIABILITY - NONCURRENT 1815699 DUE TO RELATED ORGANIZATIONS 331841 2300515 X 19215921 -10438624 38695 -10399929 29615850 171417 171417 29787267 25785417 1304068 1304068 24481349 171417 171417 24652766 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 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 38,695. PART XI, LINE 4B - OTHER ADJUSTMENTS: GIFT IN KIND CONTRIBUTION 171,417. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 38,695. UNCOLLECTIBLE PLEDGES 1,265,373. PART XII, LINE 4B - OTHER ADJUSTMENTS: GIFT IN KIND CONTRIBUTION 171,417. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 875229 0 0 0 0 0 0 875229 0 875229 1 0 0 1 0 0 PART III ACCOUNTING METHOD: BASEBALL GOLF TOURNAMENT 60540 0 60540 200 10844 14720 12931 0 0 60540 60540 200 10844 14720 12931 38695 21845 1 SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 770414438 3794448 171417 FMV NONMONETARY DONATIONS SCHOLARSHIPS/AWARDS SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION ONE WASHINGTON SQUARE SAN JOSE CA 93955 946017638 501(C)(3) 165000 SUPPORT FOR BUILDING RENOVATION CSU MONTEREY BAY 100 CAMPUS CENTER SEASIDE CA 93955 911785970 32478 SCHOLARSHIPS 3 0 SCHOLARSHIPS/AWARDS 23 33754 HARDSHIP ASISSTANCE 51 26540 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 $3,630,567. THE REMAINING CASH GRANTS OF $163,881 RELATES TO VARIOUS STUDENT AWARDS, OTHER THAN SCHOLARSHIPS, THAT ARE DISTRIBUTED AND MONITORED BY VARIOUS DEPARTMENTS OF SJSU. X X 1 1 0 0 0 0 0 0 0 0 0 BRENT BRENNAN HEAD COACH, FOOTBALL 316283 292803 0 0 0 1290 0 88710 0 26193 316283 408996 0 0 MARIE TUITE ATHLETICS DIRECTOR 263580 254646 0 0 0 1962 0 76650 0 10531 263580 343789 0 0 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0 387822 0 0 0 14784 0 118967 0 31628 0 553201 0 0 JEAN PRIOLEAU HEAD COACH, BASKETBALL 123360 282037 0 0 0 1290 0 85452 0 26193 123360 394972 0 0 DERRICK ODUM ASSISTANT COACH, FOOTBALL 104136 212870 0 0 0 1290 0 64732 0 26193 104136 305085 0 0 CHARLIE FAAS CFO, MANAGING DIRECTOR (UNTIL 6/20) 0 258290 0 0 0 1458 0 78564 0 26193 0 364505 0 0 LESLIE ROHN SECRETARY & COO (UNTIL 02/20) 0 160716 0 0 0 396 0 49478 0 12681 0 223271 0 0 RAVISHA MATHUR EX OFFICIO 0 113636 0 0 0 10350 0 30764 0 26947 0 181697 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 1 2000 FAIR MARKET VALUE X 19 2223021 FAIR MARKET VALUE X MISCELLANEOUS 4 110290 FAIR MARKET VALUE X EQUIPMENT 14 32599 FAIR MARKET VALUE X FURNITURE 2 11069 FAIR MARKET VALUE X SUPPLIES 8 10559 FAIR MARKET VALUE X PIANO 1 4900 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION AMENDED ITS BYLAWS TO CHANGE THE PROCESS FOR APPOINTING DIRECTORS. DIRECTOR APPOINTMENTS MUST NOW BE APPROVED BY THE PRESIDENT OF SAN JOSE STATE UNIVERSITY. 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: UNCOLLECTED PLEDGES -1,265,373. 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 SPARTAN SHOPS INC R 600757 CASH SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION B 165000 CASH