2021-04-29T16:40:05-05:00 2020-06-30 420714325 RSM US LLP PO BOX 5946 MADISON WI 537050946 990 2019-07-01 390743975 UNIVERSITY OF WISCONSIN FOUNDATION UNIV 6082634545 1848 UNIVERSITY AVENUE MADISON WI 537264090 GEOFFREY MCCLOSKEY CFO 6082634545 2021-04-29 1 JAMES G GRAHAM P00006111 6088332612 2021-04-28 2019 2022-09-23 18:48:47Z WISCONSIN FOUNDATION AND ALUMNI ASSOCIATION MICHAEL M KNETTER 1848 UNIVERSITY AVENUE MADISON WI 537264090 4349307400 0 X WWW.SUPPORTUW.ORG X 1945 WI UNIVERSITY OF WISCONSIN FOUNDATION AIDS UNIVERSITY OF WISCONSIN-MADISON BY SOLICITING GIFTS & BEQUESTS, ADMINISTERS & INVESTS SECURITIES & PROPERTIES, & DISTRIBUTES PAYMENTS FOR THE BENEFIT OF UNIVERSITY OF WISCONSIN - MADISON. 46 45 561 250 3203488 0 340855349 303448471 2377245 2723843 219172934 222039352 1189169 710125 563594697 528921791 275391164 243943131 0 0 28519638 32655179 487866 461759 33902925 34919142 37078858 339317810 314138927 224276887 214782864 4366316830 4431877103 425202719 409229484 3941114111 4022647619 X TO PROMOTE THE WELFARE OF AND ADVANCE THE OBJECTIVES OF THE UNIVERSITY OF WISCONSIN-MADISON BY ENCOURAGING THE INTEREST, ENGAGEMENT, AND FINANCIAL SUPPORT OF ALUMNI, DONORS, AND FRIENDS IN THE LIFE OF THE UNIVERSITY AND WITH EACH OTHER. 0 0 52739475 52739475 FACULTY SUPPORT AND RESEARCH - WITH OVER $52 MILLION FROM THE UW FOUNDATION, UNIVERSITY OF WISCONSIN FACULTY AND STAFF RECEIVED CRITICAL FINANCIAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR STUDENTS. PRIVATE GIFT SUPPORT HELPS THE UNIVERSITY ATTRACT AND RETAIN WORLD-CLASS FACULTY, WHICH ULTIMATELY ATTRACTS THE BEST AND BRIGHTEST STUDENTS, AND IMPROVES THE UNIVERSITY'S REPUTATION AS A LEADING UNIVERSITY. DURING 2020, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, DISTINGUISHED CHAIRS, PROFESSORSHIPS, AND FACULTY FELLOWSHIPS) INCREASED TO 560. 48485878 48485878 ACADEMIC AND STUDENT PROGRAM SUPPORT - THE UW FOUNDATION PROVIDED OVER $48 MILLION TO THE UNIVERSITY OF WISCONSIN TO SUPPORT ITS ACADEMIC AND STUDENT PROGRAMS. THESE FUNDS ENABLE STUDENTS TO DEVELOP SKILLS AND KNOWLEDGE FOR GROWTH AND SUCCESS BY OFFERING HIGH-QUALITY, RESPONSIVE ACADEMIC PROGRAMS, STUDENT PROGRAMS, AND OTHER ACTIVITIES BY EMPLOYING BEST PRACTICES IN TEACHING AND LEARNING; ADDING TO THE ACCUMULATED BODY OF KNOWLEDGE AND CREATIVE WORK; ENRICHING THE COMMUNITY THROUGH CULTURAL LEADERSHIP AND PROVIDING RESOURCES FOR PROBLEM SOLVING. 39279252 39279252 STUDENT SCHOLARSHIP AND FINANCIAL AID SUPPORT - UNIVERSITY OF WISCONSIN UNDERGRADUATE, GRADUATE, AND PROFESSIONAL STUDENTS RECEIVED MORE THAN $39 MILLION IN SCHOLARSHIPS, FELLOWSHIPS AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS RECEIVED SCHOLARSHIP SUPPORT ACROSS ALL SCHOOLS AND COLLEGES, CENTERS, AND PROGRAMS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING THAT ALL STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND MANAGE TUITION COSTS AND DEBT LOADS. IN 2020, OVER 4,000 SCHOLARSHIPS WERE FUNDED BY PRIVATE GIFT SUPPORT. IN CONSULTATION WITH THE UNIVERSITY, THE UW FOUNDATION EMPHASIZES AND INCENTIVIZES PHILANTHROPIC SUPPORT OF SCHOLARSHIPS. 22088550 OTHER PROGRAM SERVICES:INVESTMENT MANAGEMENT: THE UW FOUNDATION INVESTMENTS TEAM WORKS VERY CLOSELY WITH AN APPOINTED INVESTMENT COMMITTEE OF THE BOARD OF DIRECTORS WHILE HELPING TO BOTH CREATE AND MANAGE TO A COMPREHENSIVE INVESTMENT POLICY STATEMENT, TO BUILD POOLED PORTFOLIOS DESIGNED TO ACHIEVE STATED OBJECTIVES, AND TO HELP POSITION BOARD-DRIVEN POLICIES THAT ARE FUNDAMENTAL TO THE FOUNDATION'S OPERATIONAL BUSINESS MODEL. THE INVESTMENT TEAM IS ALSO SUPPORTED BY AN INTERNAL, YET INDEPENDENT, TEAM OF PROFESSIONALS THAT ARE RESPONSIBLE FOR ALL PERFORMANCE REPORTING AS WELL AS OVERALL CONTROL AND COMPLIANCE FUNCTIONS. 15876759 15876759 CAPITAL ADDITIONS AND FACILITIES: THE UW FOUNDATION PROVIDED OVER $15 MILLION TO THE UNIVERSITY OF WISCONSIN IN SUPPORT OF NEW BUILDING CONSTRUCTION, RENOVATION, AND EQUIPMENT NEEDS. STATE-OF-THE-ART FACILITIES HELP THE UNIVERSITY ATTRACT HIGH-CALIBER FACULTY AND STUDENTS. THESE FACILITIES PROVIDE SPACE, ENVIRONMENTS, AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVELS OF TEACHING, LEARNING, AND RESEARCH. PUBLICATIONS: "ON WISCONSIN" IS A QUARTERLY PUBLICATION, MAILED TO APPROXIMATELY 360,000 ALUMNI, FACULTY, DONORS, WAA MEMBERS, AND OTHER STAKEHOLDERS, SERVING AS THE OFFICIAL UNIVERSITY OF WISCONSIN ALUMNI MAGAZINE. "BADGER INSIDER" IS SENT TO WAA MEMBERS ONLY (APPROXIMATELY 25,000 HOUSEHOLDS) SEMIANNUALLY, SERVING AS THE MEMBER FORUM. "FORWARD UNDER 40" RECOGNIZES PROMINENT UNIVERSITY OF WISCONSIN ALUMNI UNDER THE AGE OF 40 LIVING THE WISCONSIN IDEA; ITS AUDIENCE INCLUDES APPROXIMATELY 75,000 ALUMNI UNDER THE AGE OF 40, WAA MEMBERS, AND SELECT OTHERS. FLAMINGLE IS A WEEKLY EMAIL, SENT TO APPROXIMATELY 190,000 ALUMNI, CONTAINING VARIOUS ARTICLES OF INTEREST. 87561767 87561767 2723843 THE UW FOUNDATION PROVIDES CRITICAL FUNDING TO SENIOR UNIVERSITY OFFICIALS GRANTING THEM THE NEEDED FLEXIBILITY TO RESPOND TO BOTH EXISTING AND UNFORESEEN OPPORTUNITIES. THIS DISCRETIONARY SUPPORT HELPS FURTHER THE MISSION OF THE UNIVERSITY BY FULFILLING THE GREATEST NEEDS AND TOP PRIORITIES OF THE UNIVERSITY. 125527076 103438526 2723843 266031681 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 341 0 1 561 1 1 1 0 0 0 0 1 1 1 3 0 0 0 0 0 X 46 45 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CO KY ME MD MA MI MN NV NH NJ NY OH OK OR SC UT WA WV WI X X CASEY ZWETTLER 6083085197 1848 UNIVERSITY AVENUE MADISON WI 537264090 JULIE M VAN CLEAVE CHIEF INVESTMENT OFFICER 50.00 X 923402 0 29498 MICHAEL M KNETTER PRESIDENT AND CEO/EX OFFICIO 50.00 0.50 X X 689346 0 135985 RICHARD JAMES SHEPLEY SR. MANAGING DIRECTOR OF INVESTMENTS 50.00 X 613583 0 50585 THOMAS P OLSON CIO - PRIVATE MARKETS 50.00 X 576111 0 50585 ALISA A ROBERTSON CHIEF ADVANCEMENT OFFICER 50.00 0.50 X 315355 0 49941 JOSHUA M ROSS DIRECTOR OF INVESTMENTS - PRIVATE MARKET 50.00 X 272319 0 8225 GEOFFREY M MCCLOSKEY CHIEF FINANCIAL OFFICER 50.00 X 213719 0 44536 JAMES P KENNEDY CHIEF MARKETING & COMM OFFICER 50.00 X 203519 0 29137 SCOTT T MCKINNEY COO THRU 11/8/19 CLO AS OF 11/8/19 50.00 0.50 X 198581 0 28384 ANNE M LUCKE CHIEF DEV. OFFICER AS OF 11/8/19 50.00 X 195998 0 26898 BRAD W JOLIN VICE PRESIDENT & MANAGING GROUP LEAD 50.00 X 178494 0 40930 SARAH L SCHUTT CHIEF ALUMNI OFF & EXE DIR WAA 50.00 X 156486 0 38824 JODI KRISTINE PATEK VICE PRESIDENT OF STEWARDS 50.00 X 155920 0 38327 NANCY FRANCISCO-WELKE VICE PRESIDENT & MANAGING GROUP LEAD 50.00 X 160001 0 31322 BRENDA J PHEBUS CHIEF HR OFFICER 50.00 X 166250 0 19759 JOHN C NORTON ASSISTANT TREASURER 50.00 X 140202 0 22151 CATHERINE M AHRENS SECRETARY THRU 3/6/20 50.00 X 116251 0 26293 ABIGAIL A CAHAK ASSIST. SECRETARY 50.00 X 109968 0 6588 SALLY J ERDMANN TREASURER 50.00 X 84417 0 30918 FALICIA N HINES SECRETARY AS OF 3/6/20 50.00 X 85153 0 9653 STEPHANIE L SWARTZ DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 PAUL J COLLINS EX OFFICIO - TERM IS CONTINUOUS 2.00 X 0 0 0 PAUL A LEFF DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 PATRICK A THIELE DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 PETER S KIES DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 MICHAEL R SPLINTER DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 RAJIV BATRA DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 LOUIS A HOLLAND DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 MELINDA J MOUNT DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JOHN J OROS EX OFFICIO - TERM IS CONTINUOUS 2.00 X 0 0 0 LINDA L PROCCI DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 LINDA L AHLERS DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 LAUREEN E SEEGER DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 WILLIAM P HSU DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 RICKY C SANDLER DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JON D HAMMES DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JOHN S NELSON DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JOHN P HOLTON DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JILL S HATTON DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JOHN D BAUMANN DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 PAUL S SHAIN DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 DAVID F FLORIN DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JERE D FLUNO EX OFFICIO - TERM IS CONTINUOUS 2.00 X 0 0 0 WADE FETZER III EX OFFICIO - TERM IS CONTINUOUS 2.00 X 0 0 0 PETER A LEIDEL DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JEROME A CHAZEN DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JEFFREY J DIERMEIER DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 JANE R MANDULA DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 STEPHEN R PETERSEN DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 SUSAN J CELLMER DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 FRANCES S TAYLOR EX OFFICIO - TERM IS CONTINUOUS 2.00 X 0 0 0 ELZIE L HIGGINBOTTOM DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 ELIZABETH M QUADRACCI HARNED DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 DR FREDERICK A ROBERTSON DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 DORIS F WEISBERG DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 CURTIS J FUSZARD DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 CORY L NETTLES DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 COLLEEN A GOGGINS DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 SUSAN S ENGELEITER DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 SUSAN S PATTERSON DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 TED D KELLNER EX OFFICIO - TERM IS CONTINUOUS 2.00 X 0 0 0 THOMAS P MADSEN DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 KAREN A MONFRE DIRECTOR - TERM EXP 6/2020 2.00 X 0 0 0 MICHAEL S SHANNON VICE CHAIR - TERM EXP 6/2020 2.00 X X 0 0 0 JEFFREY D WIESNER CHAIR - TERM EXP 6/2020 2.00 X X 0 0 0 5555075 0 718539 64 0 1 0 ROBERT W BAIRD CO INC 777 E WISCONSIN AVENUE SUITE 2700 MILWAUKEE WI 53202 INVESTMENT MANAGER 1176269 BROOKFIELD PROPERTIES 250 VESEY STREET 15TH FLOOR NEW YORK NY 102811023 INVESTMENT MANAGER 1135470 STEPSTONE GROUP LP 4275 EXECUTIVE SQUARE SUITE 500 LA JOLLA CA 92037 INVESTMENT MANAGER 1103970 T ROWE PRICE GROUP INC 100 EAST PRATT STREET BALTIMORE MD 21202 INVESTMENT MANAGER 780384 LAZARD ASSET MANAGEMENT LLC 30 ROCKEFELLER PLAZA NEW YORK NY 10112 INVESTMENT MANAGER 764975 34 46010409 257438062 54411088 303448471 REGISTRATION 900099 1223861 1223861 MEMBERSHIP REVENUE 541900 711903 711903 TRAVEL/TOUR COMMISSION 900099 520604 520604 PUBLICATIONS 541800 243475 243475 SPONSORSHIPS 900099 24000 24000 2723843 55040719 2301408 52739311 585334 585334 3987381738 3820383105 166998633 166998633 658605 166340028 65467 2504 62963 62963 MISCELLANEOUS 900099 61828 61828 61828 528921791 2480368 3203488 219789464 243943131 243943131 4843203 4362298 480905 20683753 3093695 17590058 2067940 604010 1463930 3255139 1113041 2142098 1805144 547722 1257422 97101 97101 224044 224044 461759 461759 22088550 22088550 927800 470166 457634 1843857 731 1843126 1976290 594358 1381932 2359305 676510 1682795 1016929 297028 719901 527569 110267 417302 2163068 47855 2115213 2281317 666334 1614983 393981 115075 278906 BAD DEBT EXPENSE 1176565 1176565 INCOME TAX LIABILITY -400 6679 -7079 2882 842 2040 314138927 266031681 14204321 33902925 400 400 14340364 55471437 105016732 99616273 61390101 81287162 924314 910121 2176382 2038091 32273492 17197907 17055651 15075585 3580350197 3578713993 577403316 590284088 7659373 8479953 4366316830 4431877103 91199809 73965485 980543 815155 333022367 334448844 425202719 409229484 X 163246681 179629936 3777867430 3843017683 3941114111 4022647619 4366316830 4431877103 214782864 -133249356 0 X X 0 1 X 1 0 X 151673056 338356589 312106090 341625459 304160374 1447921568 151673056 338356589 312106090 341625459 304160374 1447921568 315834256 1132087312 14994978 38915257 58115629 70022750 53324645 235373259 2432229 2432229 166869 271538 256703 163877 127295 986282 1686713338 0.67120 0.66540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 152,511. 2016 AMOUNT: $ 126,057. 2017 AMOUNT: $ 169,952. 2018 AMOUNT: $ 88,860. 2019 AMOUNT: $ 61,828. UNIVERSITY MEMBERSHIP DUES - 2016 AMOUNT: $ 102,664. INVENTORY SALES - 2015 AMOUNT: $ 14,358. 2016 AMOUNT: $ 42,817. 2017 AMOUNT: $ 86,751. 2018 AMOUNT: $ 75,017. 2019 AMOUNT: $ 65,467. SCHEDULE A, PART II UNIVERSITY OF WISCONSIN FOUNDATION CHANGED FROM A CALENDAR YEAR END TO A JUNE 30 FISCAL YEAR END DURING 2016. THEREFORE, THE FISCAL YEAR END OF 6/30/2020 HAS BEEN PRESENTED IN COLUMN (E) 2019, THE FISCAL YEAR END OF 6/30/2019 HAS BEEN PRESENTED IN COLUMN (D) 2018, THE FISCAL YEAR END OF 6/30/2018 HAS BEEN PRESENTED IN COLUMN (C) 2017, THE FISCAL YEAR END OF 6/30/2017 HAS BEEN PRESENTED IN COLUMN (B) 2016, AND THE SHORT YEAR PERIOD OF 1/1/2016 TO 6/30/2016 HAS BEEN PRESENTED IN COLUMN (A) 2015. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 7821 0 0 0 1 6310 1 19806 33937 0 PART II-B, LINE 1: DETAILED DESCRIPTION OF LOBBYING ACTIVITIES: DURING THE FISCAL YEAR, TWO EMPLOYEES SPENT PART OF THEIR TIME ON LOBBYING EFFORTS IN MADISON AND WASHINGTON, D.C. OTHER COSTS INCLUDED PRINT, MAILING, AND SOFTWARE TO COMMUNICATE WITH ALUMNI AND ELECTED OFFICIALS, AS WELL AS EVENT AND TRAVEL COSTS. SCHEDULE C, PART II-B, LINE 1A USE OF VOLUNTEERS FOR LOBBYING ACTIVITIES: VOLUNTEERS WERE UTILIZED FOR UW DAY EVENTS IN MADISON AND WASHINGTON DC, WHEREBY THEY MET WITH ELECTED OFFICIALS AND LOBBIED THEM ON GENERAL SUPPORT FOR UW-MADISON AND HIGHER EDUCATION. 2104669525 97602041 21319849 89720190 20761392 2113109833 2021455666 99254236 93457376 89343254 20154499 2104669525 2064218117 96528959 163113887 78566397 19360702 2225933864 1861296415 89226007 226126313 95447158 16983460 2064218117 1814865682 36420629 13744431 3734327 1861296415 0.01210 0.89230 0.09560 0 0 502530 502530 13213212 7138411 6074801 787222 290497 496725 17770528 9768999 8001529 15075585 LIMITED PARTNERSHIPS 343015425 F REAL ASSET FUNDS 244833049 F OTHER FUNDS 2435614 F 590284088 DEFERRED COMPENSATION 2483998 LIABILITY UNDER SPLIT INTEREST 41598000 FUNDS DUE TO OTHER ORGANIZATIONS 3629657 BENEFIT OF U.W. - HOSPITAL & CLINIC 200941808 BENEFIT OF U.W. - STEVENS POINT 46491643 BENEFIT OF U.W. - GREEN BAY 33751207 BENEFIT OF WI 4-H FDN 3907433 BENEFIT OF CASB 1637782 BENEFIT OF NE OHIO CHAPTER 7316 334448844 X PART V, LINE 4: INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS: THE FOUNDATION'S ENDOWMENT CONSISTED OF 4,245 AND 4,102 INDIVIDUAL FUNDS AT JUNE 30, 2020 AND JUNE 30, 2019, RESPECTIVELY. THESE FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS AND ON STATE LAW. PART X, LINE 2: ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740: THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME, AS A RESULT OF OWNERSHIP IN VARIOUS INVESTMENT ENTITIES. THE FOUNDATION FOLLOWS THE GUIDANCE RELATIVE TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). ANY TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF WISCONSIN. PART V: CHANGE TO ORGANIZATION'S ENDOWMENT PRESENTATION: IN THE PRIOR YEARS, THE FOUNDATION HAD PRESENTED THE ENDOWMENT BALANCES USING TOTAL ENDOWED NET ASSETS INSTEAD OF PRESENTING THE ENDOWMENT FROM AN INVESTED ASSETS PERSPECTIVE. HOWEVER, IN FY20, MANAGEMENT ELECTED TO CHANGE THE PRESENTATION OF ENDOWMENT BALANCES TO PRESENT ONLY THE ENDOWED ASSET BALANCES INSTEAD OF ALL NET ASSETS FOR ENDOWMENTS. THIS ACCOUNTS FOR THE DISCREPANCY BETWEEN PRIOR YEAR'S BEGINNING BALANCE AND TWO YEARS BACK'S ENDING BALANCE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 43122769 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 207514 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 26977121 NORTH AMERICA 0 0 INVESTMENTS 17013431 SOUTH AMERICA 0 0 INVESTMENTS 530100 SOUTH ASIA 0 0 INVESTMENTS 371152 0 0 0 0 0 0 88222087 0 88222087 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X 1 160OVER90 INC ONE SOUTH BROAD ST 10TH FLOOR PHILADELPHIA PA 19107 FUNDRAISING CONSULTANT 0 0 461759 0 461759 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SCHEDULE G, PART I, LINE 2B, COLUMN (V) SCHEDULE G, PART I, LINE 2B, COLUMN (IV) THE GROSS RECEIPTS FROM THE ACTIVITY THAT 160OVER90, INC. ASSISTS OUR ORGANIZATION ON ARE NOT ABLE TO BE SEPARATELY REPORTED. 160OVER90, INC. ASSISTS WITH CAMPAIGN EFFORTS AND STRATEGIC DIRECTION. THE WORK OF THIS ORGANIZATION AIDS IN MANY OF OUR FUNDRAISING INITIATIVES THROUGHOUT OUR FISCAL YEAR AND THUS CANNOT BE SEPARATELY REPORTED. 1 UNIVERSITY OF WISCONSIN MADISON 21 N PARK ST MADISON WI 537151218 396006492 STATE OF WISCONSIN 52734475 5000 FMV FACULTY SUPPORT AND RESEARCH SEE SCH I, PART IV UNIVERSITY OF WISCONSIN MADISON 21 N PARK ST MADISON WI 537151218 396006492 STATE OF WISCONSIN 48485878 ACADEMIC AND STUDENT PROGRAM SUPPORT SEE SCH I, PART IV UNIVERSITY OF WISCONSIN MADISON 21 N PARK ST MADISON WI 537151218 396006492 STATE OF WISCONSIN 39279252 STUDENT SCHOLARSHIP AND FINANCIAL AID SEE SCH I, PART IV UNIVERSITY OF WISCONSIN MADISON 21 N PARK ST MADISON WI 537151218 396006492 STATE OF WISCONSIN 15876759 CAPITAL ADDITIONS AND FACILITIES SEE SCH I, PART IV UNIVERSITY OF WISCONSIN MADISON 21 N PARK ST MADISON WI 537151218 396006492 STATE OF WISCONSIN 87561767 OTHER GRANTS SEE SCH I, PART IV 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S.: THE UNIVERSITY OF WISCONSIN FOUNDATION AIDS THE UNIVERSITY OF WISCONSIN BY SOLICITING GIFTS OF REAL AND PERSONAL PROPERTY WHICH IT COLLECTS, ADMINISTERS AND DISTRIBUTES FOR THE BENEFIT OF THE UNIVERSITY OF WISCONSIN IN ADVANCING ITS SCIENTIFIC, LITERARY, ATHLETIC AND EDUCATIONAL PURPOSES. THERE IS NO FURTHER MONITORING OF THE USE OF GRANT FUNDS FOLLOWING DISBURSEMENT TO THE UNIVERSITY OF WISCONSIN. PART I, LINE 2 THE GRANT AND ASSISTANCE PAYMENTS ARE VERIFIED WITH INTERNAL DOCUMENTS TO ENSURE DONOR INTENT AND CRITERIA HAVE BEEN MET BEFORE THE PAYMENTS ARE MADE. X 1 1 X X X 0 1 0 1 0 0 0 1 0 JULIE M VAN CLEAVE CHIEF INVESTMENT OFFICER 650986 0 270436 0 1980 0 28000 0 1498 0 952900 0 0 0 MICHAEL M KNETTER PRESIDENT AND CEO/EX OFFICIO 564244 0 113233 0 11869 0 113400 0 22585 0 825331 0 0 0 RICHARD JAMES SHEPLEY SR. MANAGING DIRECTOR OF INVESTMENTS 418585 0 194308 0 690 0 28000 0 22585 0 664168 0 0 0 THOMAS P OLSON CIO - PRIVATE MARKETS 408356 0 167065 0 690 0 28000 0 22585 0 626696 0 0 0 ALISA A ROBERTSON CHIEF ADVANCEMENT OFFICER 267078 0 47827 0 450 0 27356 0 22585 0 365296 0 0 0 JOSHUA M ROSS DIRECTOR OF INVESTMENTS - PRIVATE MA 272080 0 0 0 239 0 0 0 8225 0 280544 0 0 0 GEOFFREY M MCCLOSKEY CHIEF FINANCIAL OFFICER 213029 0 0 0 690 0 21951 0 22585 0 258255 0 0 0 JAMES P KENNEDY CHIEF MARKETING & COMM OFFICER 202829 0 0 0 690 0 20503 0 8634 0 232656 0 0 0 SCOTT T MCKINNEY COO THRU 11/8/19 CLO AS OF 11/8/19 198131 0 0 0 450 0 20026 0 8358 0 226965 0 0 0 ANNE M LUCKE CHIEF DEV. OFFICER AS OF 11/8/19 194708 0 0 0 1290 0 19783 0 7115 0 222896 0 0 0 BRAD W JOLIN VICE PRESIDENT & MANAGING GROUP LEAD 178044 0 0 0 450 0 18434 0 22496 0 219424 0 0 0 SARAH L SCHUTT CHIEF ALUMNI OFF & EXE DIR WAA 155796 0 0 0 690 0 16408 0 22416 0 195310 0 0 0 JODI KRISTINE PATEK VICE PRESIDENT OF STEWARDS 155230 0 0 0 690 0 15926 0 22401 0 194247 0 0 0 NANCY FRANCISCO-WELKE VICE PRESIDENT & MANAGING GROUP LEAD 158711 0 0 0 1290 0 16515 0 14807 0 191323 0 0 0 BRENDA J PHEBUS CHIEF HR OFFICER 165800 0 0 0 450 0 2050 0 17709 0 186009 0 0 0 JOHN C NORTON ASSISTANT TREASURER 139922 0 0 0 280 0 14194 0 7957 0 162353 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PERSONAL USE PORTION OF MICHAEL M. KNETTER'S COUNTRY CLUB MEMBERSHIP IN THE AMOUNT OF $4,562.88 WAS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B MICHAEL M. KNETTER PARTICIPATES IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN OF THE UNIVERSITY OF WISCONSIN FOUNDATION. THE UNIVERSITY OF WISCONSIN FOUNDATION CONTRIBUTED $66,400 TO THIS PLAN DURING 2019. PART I, LINE 5 COMPENSATION CONTINGENT ON REVENUES: THE PRESIDENT/CEO AND CHIEF ADVANCEMENT OFFICER PARTICIPATE IN AN INCENTIVE COMPENSATION ARRANGEMENT. THESE EXECUTIVES VARIABLE COMPENSATION IS BASED ON PERFORMANCE AGAINST A SCORECARD AND INCLUDES A COMPONENT BASED ON DEVELOPMENT DOLLARS RECEIVED. THE CATEGORIES AND METRICS ARE REVIEWED AND ADJUSTED ANNUALLY BY THE EXECUTIVE COMMITTEE. THERE IS ALSO A QUALITATIVE COMPONENT TO EACH SCORECARD. PART I, LINE 7 ORGANIZATION PROVIDING NON-FIXED PAYMENTS NOT DESCRIBED IN LINES 5 & 6: BEGINNING WITH CALENDAR YEAR 2007, THE INVESTMENT COMMITTEE OF THE UNIVERSITY OF WISCONSIN FOUNDATION BOARD INSTITUTED AN INCENTIVE COMPENSATION PLAN FOR SELECTED PARTICIPANTS OF THE UW FOUNDATION INVESTMENT MANAGEMENT GROUP. THE BOARD OF DIRECTORS AND THE PRESIDENT OF THE UNIVERSITY OF WISCONSIN FOUNDATION APPROVED THE ESTABLISHMENT OF THE PLAN WHICH IS DETAILED BELOW: PARTICIPANTS: CHIEF INVESTMENT OFFICER, SENIOR DIRECTORS OF INVESTMENTS AND OTHERS RECOMMENDED BY THE PRESIDENT AND CEO AND APPROVED BY THE INVESTMENT COMMITTEE AND THE EXECUTIVE COMMITTEE. INCENTIVE COMPENSATION: PARTICIPANTS ARE ELIGIBLE FOR AWARDS RANGING FROM ZERO TO 60% OF THEIR ANNUAL BASE CASH COMPENSATION EARNED IN THE CALENDAR YEAR UNDER REVIEW. THE PRESIDENT AND CEO, IN CONSULTATION WITH THE CHAIR OF THE INVESTMENT COMMITTEE, RECOMMENDS APPROPRIATE PERCENTAGE INCENTIVE OPPORTUNITY BASED ON MARKET VALIDATED TOTAL CASH COMPENSATION BASED ON THE WFAA COMPENSATION PHILOSOPHY. THE AWARD AMOUNT IS BASED ON A RETROSPECTIVE ASSESSMENT OF PERFORMANCE AGAINST GOALS (COMPARED TO PRE-DETERMINED BENCHMARK) ON A SET OF WEIGHTED FACTORS CUSTOMIZED FOR EACH ELIGIBLE EMPLOYEE. THESE ASSESSMENTS ARE COMPLETED AS DATA BECOMES AVAILABLE FOR THE PRIOR CALENDAR YEAR, AND ARE SUBSEQUENTLY PRESENTED TO THE EXECUTIVE COMMITTEE FOR APPROVAL. INCENTIVE COMPENSATION AWARDED UNDER THIS PLAN WILL NOT TRIGGER ADDITIONAL CONTRIBUTIONS TO THE FOUNDATION'S DEFINED CONTRIBUTION 401(K) PLAN. FACTORS TO CONSIDER: IN DETERMINING THE PERCENTAGE OF SALARY TO BE AWARDED, EACH ELIGIBLE PARTICIPANT WILL BE EVALUATED ON INVESTMENT RETURN RESULTS AS WELL AS NON-FINANCIAL FACTORS RELATED TO HIS/HER PERFORMANCE. THE SPECIFIC FACTORS, COMPARISONS, TIMEFRAMES AND WEIGHTINGS WILL BE DETERMINED BY THE INVESTMENT COMMITTEE CHAIR, IN CONSULTATION WITH THE PRESIDENT AND CEO, BASED ON EACH INDIVIDUAL PARTICIPANT'S ROLE, LENGTH OF SERVICE, ASSET CLASS RESPONSIBILITY AND OTHER RELEVANT FACTORS. THESE PERSONALIZED PERFORMANCE MEASURES WILL BE DOCUMENTED IN MATRICES, AND APPROVED BY THE EXECUTIVE COMMITTEE FOR EACH PARTICIPANT PRIOR TO THE BEGINNING OF THE CALENDAR YEAR TO BE MEASURED. METHOD OF PAYMENT: PAYMENTS WILL BE AWARDED AS CASH. X 0 X 0 X 0 X 0 X 0 X 0 X 0 X 0 X 782 53130712 MARKET VALUE X 0 X 0 X 5 102098 MARKET VALUE X 0 X 0 X 2 270200 APPRAISAL X 0 X 0 X 0 X 0 X 0 X 0 X 0 X 0 X 0 X MISCELLANEOUS 8 870744 OTHER X LIFE INSURANCE POLICIES 1 32334 OTHER X COMMERCIALS 1 5000 OTHER 13 0 1 1 PART I, COLUMN (B): COLUMN B REPORTING EXPLANATION: THE ORGANIZATION IS REPORTING NUMBER OF CONTRIBUTIONS IN COLUMN B OF SCHEDULE M, PART I. PART I, LINE 32B: THIRD PARTIES AND NON-CASH CONTRIBUTIONS: FOR NON-CASH CONTRIBUTIONS THAT ARE NOT TRANSFERRED TO THE UNIVERSITY OF WISCONSIN, THE UNIVERSITY OF WISCONSIN FOUNDATION HIRES REAL ESTATE AGENTS (AT ARM'S LENGTH) TO SELL REAL ESTATE, BROKERS WITHIN A NETWORK OF ACCOUNTS HELD IN THE FOUNDATION'S NAME TO SELL STOCK, AND A THIRD PARTY (AT ARM'S LENGTH) TO SELL ANY MISCELLANEOUS GOODS. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL SHANNON AND SUSAN ENGELEITER BOTH SERVED AS DIRECTORS ON THE BOARD AND ARE BROTHER AND SISTER. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS: BYLAWS: -COMBINED DEVELOPMENT AND ALUMNI RELATIONS & ENGAGEMENT COMMITTEES INTO A SINGLE ADVANCEMENT COMMITTEE -ASSIGNED OVERSIGHT OF ALL ORGANIZATIONAL RISK TO THE EXECUTIVE COMMITTEE (REVISED RESPONSIBILITIES OUTLINED IN COMMITTEE DESCRIPTION) -TITLE CHANGES / ADDITIONS TO THE CURRENT BYLAWS: COO TO CHIEF LEGAL OFFICER (UPDATED TITLE); CHIEF DEVELOPMENT OFFICER (ADDITION) -REMOVED CHIEF ENGAGEMENT OFFICER AS AN OFFICER POSITION CORPORATE RESOLUTION: -TITLE CHANGES / ADDITION: COO TO CHIEF LEGAL OFFICER (CHANGE); CHIEF DEVELOPMENT OFFICER (ADDITION) -SECRETARY CHANGE: CATHERINE AHRENS (RETIRED) TO FALICIA HINES FORM 990, PART VI, SECTION B, LINE 11B PROCESS ORGANIZATION USES TO REVIEW FORM 990: THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. ONCE A DRAFT OF THE FORM 990 IS RECEIVED FROM THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM, A LINE BY LINE REVIEW OF THE RETURN IS COMPLETED BY THE DIRECTOR OF FINANCIAL REPORTING OF THE UNIVERSITY OF WISCONSIN FOUNDATION WHO IS A CERTIFIED PUBLIC ACCOUNTANT. THE RETURN IS ALSO REVIEWED BY THE CONTROLLER, THE CHIEF FINANCIAL OFFICER, AND THE AUDIT COMMITTEE OF THE UNIVERSITY OF WISCONSIN FOUNDATION PRIOR TO FILING. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C HOW ORGANIZATION MONITORS AND ENFORCES CONFLICT OF INTEREST POLICY: ALL OFFICERS, DIRECTORS, KEY EMPLOYEES, AND EMPLOYEES OF THE UNIVERSITY OF WISCONSIN FOUNDATION ARE COVERED UNDER THE FOUNDATION'S CONFLICT OF INTEREST POLICY. OFFICERS, DIRECTORS, KEY EMPLOYEES, AND EMPLOYEES ARE TO DISCLOSE INTEREST THAT MAY LEAD TO A CONFLICT. OFFICERS, DIRECTORS, AND KEY EMPLOYEES COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE INTERESTED PARTY MUST FULLY DISCLOSE ANY POTENTIAL CONFLICTS AND COMPLETELY RECUSE HIM/HERSELF FROM DISCUSSION AND ANY RELATED VOTE. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT: ANNUALLY THE EXECUTIVE COMMITTEE MEETS TO: 1) DETERMINE AND APPROVE THE PRESIDENT'S PAY, AND 2) REVIEW AND APPROVE THE PAY RECOMMENDATIONS MADE BY THE PRESIDENT FOR ALL OTHER OFFICERS. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE FOLLOWING MEMBERS OF THE BOARD: CHAIRMAN, VICE CHAIR, ADVANCEMENT COMMITTEE CHAIR, AUDIT COMMITTEE CHAIR, BUDGET & PEOPLE COMMITTEE CHAIR, GOVERNANCE & NOMINATING COMMITTEE CHAIR, AND INVESTMENT COMMITTEE CHAIR. THE EXECUTIVE COMMITTEE REVIEWS SALARY SURVEY DATA PROVIDED BY HR THAT ARE ADMINISTERED BY THIRD-PARTY COMPENSATION CONSULTANTS THAT INCLUDE BIG TEN, BIG 12 AND OTHER UNIVERSITY FOUNDATIONS AND DEVELOPMENT DEPARTMENTS. THE EXECUTIVE COMMITTEE USES THIS MARKET DATA IN CONJUNCTION WITH INDIVIDUAL JOB PERFORMANCE AND THE FOUNDATIONS COMPENSATION PHILOSOPHY TO BE COMPETITIVE ON A NATIONAL BASIS FOR SIMILAR JOBS IN SIMILAR ORGANIZATIONS AS A BASIS FOR REVIEWING AND APPROVING ANY RECOMMENDATIONS. ACTIONS TAKEN ARE REFLECTED IN THE MINUTES OF EACH COMMITTEE MEETING. MINUTES ARE DISTRIBUTED, REVIEWED, AND OFFICIALLY APPROVED AT SUBSEQUENT MEETINGS. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 HOW ORGANIZATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC: THE FOLLOWING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT: HTTPS://WWW.SUPPORTUW.ORG/ABOUT-US/FINANCIAL-INFORMATION/ -IRS TAX DETERMINATION LETTER -AUDITED FINANCIAL STATEMENTS -ANNUAL REPORTS -FORM 990 OTHER REQUIRED DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. FORM 8621: FILING 8621 ON BEHALF OF UNIVERSITY OF WISCONSIN FOUNDATION UNIVERSITY OF WISCONSIN FOUNDATION OWNS A STAKE IN THE FOLLOWING PARTNERSHIPS WHICH HAVE INDIRECT INVESTMENTS IN PASSIVE FOREIGN INVESTMENT COMPANIES (PFICS), AND HAVE FILED FORM 8621 ON BEHALF OF UNIVERSITY OF WISCONSIN FOUNDATION: CERBERUS INSTITUTIONAL PARTNERS (SERIES THREE) CERBERUS INSTITUTIONAL PARTNERS (SERIES FOUR) SIGULER GUFF BRIC OPPORTUNITES FUND II, LP STEPSTONE UWF SECONDARY OPPORTUNITIES FUND, LP SERIES A STEPSTONE UWF SECONDARY OPPORTUNITIES FUND, LP SERIES B FORM 8886: DISCLOSURE OF REPORTABLE TRANSACTIONS THE FOLLOWING INVESTMENTS OF UNIVERSITY OF WISCONSIN FOUNDATION HAVE FILED FORM 8886 DISCLOSING REPORTABLE TRANSACTIONS. AS A LIMITED PARTNER IN THESE INVESTMENTS, UNIVERSITY OF WISCONSIN FOUNDATION'S ALLOCABLE SHARE FROM THE RESPECTIVE PASSTHROUGH ENTITIES DOES NOT EXCEED THE THRESHOLD AMOUNTS. THEREFORE, UNIVERSITY OF WISCONSIN FOUNDATION HAS NOT PARTICIPATED IN A LOSS TRANSACTION REPORTABLE ON FORM 8886: GLOBAL OPPORTUNISTIC FIXED INCOME PORTFOLIO DRAPER FISHER JURVETSON FUND VI DRAPER FISHER JURVETSON FUND VII UW-MADISON SUPPORTING ORGANIZATION INC 1848 UNIVERSITY AVENUE MADISON WI 53726 391947636 SUPPORT ORG WI 501(C)(3) LINE 12A, I UNIV WI FDN 1 THE EVJUE FOUNDATION INC 1901 FISH HATCHERY ROAD MADISON WI 53713 396073981 SUPPORT ORG WI 501(C)(3) LINE 12A, I N/A 0 TERRY FAMILY FOUNDATION INC 125 N HAMILTON ST UNIT 1401 MADISON WI 53703 391831024 SUPPORT ORG WI 501(C)(3) LINE 12A, I N/A 0 CHARITABLE REMAINDER UNITRUST - 101 TRUST WI UW FOUNDATION T 1 CHARITABLE REMAINDER ANNUITY TRUST - 11 TRUST WI UW FOUNDATION T 1 POOLED INCOME FUND A - 11 PARTICIPANTS POOLED FUND WI UW FOUNDATION 1 POOLED INCOME FUND B - 4 PARTICIPANTS POOLED FUND WI UW FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 UW-MADISON SUPPORTING ORGANIZATION INC C 300000 CASH VALUE CHARITABLE REMAINDER UNITRUSTS - 4 S 5915550 CASH VALUE SCHEDULE R, PART V, LINES 1N & 10 TRANSACTIONS WITH RELATED ORGANIZATIONS: THE UNIVERSITY OF WISCONSIN FOUNDATION SHARES FACILITIES, EQUIPMENT, AND PAID EMPLOYEES WITH THE UNIVERSITY OF WISCONSIN SUPPORTING ORGANIZATION; HOWEVER, THE EXACT DOLLAR AMOUNT OF SUPPORT PROVIDED IS NOT READILY DETERMINABLE.