2021-05-12T18:44:31-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 222482802 ROWAN UNIVERSITY FOUNDATION INC ROWA 8562564097 201 MULLICA HILL ROAD GLASSBORO NJ 08028 RONALD J TALLARIDA EXECUTIVE DIRECTOR 8562565413 2021-05-11 1 GARRETT M HIGGINS P00543209 9143818900 2019 2022-09-23 18:48:47Z RONALD J TALLARIDA JR 201 MULLICA HILL ROAD GLASSBORO NJ 08028 65315080 0 X HTTPS://SITES.ROWAN.EDU/ADVANCEMENT X 1983 NJ TO RAISE MONEY AND OBTAIN OBJECTS OF VALUE, THROUGH DONATION, PRIVATE OR PUBLIC GRANTS, OR GIFTS FOR THE USE OF OR BENEFITING ROWAN UNIVERSITY. 31 30 0 32 -258205 -269585 13119532 16292638 0 0 8854295 11568842 136854 82598 22110681 27944078 13358337 13610651 0 0 0 0 0 0 0 1092351 492819 14450688 14103470 7659993 13840608 237594328 240751111 499348 2746793 237094980 238004318 X TO RAISE FUNDS AND OBTAIN OBJECTS OF VALUE, THROUGH DONATION, GRANTS, AND GIFTS, FOR THE BENEFIT OF ROWAN UNIVERSITY WITH THE GOAL OF ENRICHING THE EDUCATION AND STUDENT LIFE OF THE STUDENTS OF ROWAN UNIVERSITY AND IMPROVING THE EDUCATIONAL OPPORTUNITIES AND/OR SERVICES PROVIDED TO STUDENTS, FACULTY, ALUMNI AND THE GENERAL PUBLIC. 0 0 10548439 10548439 GRANTS TO ROWAN UNIVERSITY AND AFFILIATE-THE ROWAN UNIVERSITY FOUNDATION (RUF) IS THE OFFICIALLY DESIGNATED NON-PROFIT, INDEPENDENT ORGANIZATION OF PHILANTHROPIC AID TO ROWAN UNIVERSITY. RUF IS THE ONLY VEHICLE THROUGH WHICH CHARITABLE GIFTS TO ROWAN UNIVERSITY MAY BE MADE. ITS GOAL IS TO IMPROVE THE EDUCATIONAL OPPORTUNITIES AND SERVICES PROVIDED TO ROWAN STUDENTS, FACULTY, ALUMNI AND THE GENERAL PUBLIC. THE ROWAN UNIVERSITY FOUNDATION CONCLUDED A SIX-YEAR CAMPAIGN ON JUNE 30, 2020 SURPASSING ITS GOAL OF $120 MILLION. FUNDS RAISED WILL PROVIDE THE MEANS TO SUSTAIN THE INSTITUTION'S GROWTH AND IMPACT AND WILL SHAPE ITS FUTURE - ADDING VALUE TO EVERY ROWAN DEGREE, DISTINGUISHING EACH ROWAN INNOVATION AND IMPROVING THE LIVES OF COUNTLESS INDIVIDUALS. IN ADDITION TO THE LARGE AND NOTABLE COMMITMENTS, WE RECEIVED OVER 35,700 ANNUAL GIFTS OF ALL SIZES, WHICH COLLECTIVELY WILL PROVIDE COUNTLESS OPPORTUNITIES FOR STUDENTS, FACULTY AND THE INSTITUTION. EQUALLY IMPORTANT, WE WORKED TO ENGAGE OUR ALUMNI, DONORS AND OTHER CONSTITUENTS THROUGH EVENTS, OUTREACH AND RELATIONSHIP BUILDING. IN ADDITION, THE ROWAN UNIVERSITY FOUNDATION PROVIDES FUNDING FOR ACADEMIC ENHANCEMENTS, RESEARCH, PROGRAMMING AND STUDENT SERVICES. THE LARGEST FUNDING SOURCE IS THE HENRY M. ROWAN ENDOWMENT FUND WHICH CONTRIBUTES UNRESTRICTED DOLLARS TO SUPPORT THE UNIVERSITY. 3062212 3062212 SCHOLARSHIPS GIVEN TO STUDENTS -THE ROWAN UNIVERSITY FOUNDATION'S SCHOLARSHIP PROGRAM AIMS TO ASSIST STUDENTS WITH THE RISING COST OF TUITION. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON BOTH NEED AND MERIT. IN FY20, THE ROWAN UNIVERSITY FOUNDATION AWARDED OVER $3 MILLION IN SCHOLARSHIPS. AWARDS ARE MADE TO STUDENTS MAJORING IN ALL OF ROWAN'S ELEVEN ACADEMIC COLLEGES AND UNDERGRADUATE SCHOOLS AS WELL AS OUR TWO MEDICAL SCHOOLS. 29552 FOUNDATION OPERATIONS - OTHER ROWAN UNIVERSITY FOUNDATION ACTIVITIES 13640203 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK DC FL ME MD MA MI MN NH NJ WA X JOSEPH F SCULLY JR 8562564127 201 MULLICA HILL ROAD GLASSBORO NJ 08028 DR ALI A HOUSHMAND DIRECTOR (PRES. OF ROWAN UNIVERSITY) 1.00 54.00 X 0 958637 165529 JOHN J ZABINSKI EXECUTIVE DIRECTOR UNTIL JAN. 2020 10.00 40.00 X 0 343293 45708 RONALD J TALLARIDA EXECUTIVE DIRECTOR AS OF JAN. 2020 10.00 40.00 X 0 188759 36414 JACK HAFNER CHAIR 1.00 X X 0 0 0 APRIL CARTY-SIPP VICE CHAIR 1.00 X X 0 0 0 REGINALD J MIDDLETON TREASURER 1.00 X X 0 0 0 ERICA ORTIZ SECRETARY 1.00 X X 0 0 0 GEORGE AWAD DIRECTOR 1.00 X 0 0 0 JOE BOTTAZZI DIRECTOR 1.00 X 0 0 0 ANGELA BROWN DIRECTOR 1.00 X 0 0 0 DAVE BURGIN DIRECTOR 1.00 X 0 0 0 ANTHONY CALABRESE DIRECTOR 1.00 X 0 0 0 STEPHEN H CLARK DIRECTOR 1.00 X 0 0 0 MICHAEL CONNALLON DIRECTOR 1.00 X 0 0 0 RICCARDO DALE DIRECTOR UNTIL MAY 2020 1.00 X 0 0 0 TONY GALVIN DIRECTOR 1.00 X 0 0 0 JAMES GEORGE DIRECTOR 1.00 X 0 0 0 CIELO M HERNANDEZ DIRECTOR 1.00 X 0 0 0 BRIGHID BURGIN HOEMPLER DIRECTOR 1.00 X 0 0 0 ROBERT W HOEY DIRECTOR 1.00 X 0 0 0 SCOTT KINTZING DIRECTOR 1.00 X 0 0 0 STANLEY LABRUNA DIRECTOR 1.00 X 0 0 0 ANTHONY MARINO DIRECTOR 1.00 X 0 0 0 ALYCE PARKER DIRECTOR 1.00 X 0 0 0 KYLE PEREZ DIRECTOR 1.00 X 0 0 0 HARRY I SCHEYER DIRECTOR 1.00 X 0 0 0 STEPHANIE SCHLITT DIRECTOR 1.00 X 0 0 0 PAULINE SCHNEIDER DIRECTOR 1.00 X 0 0 0 RILEY SHEA DIRECTOR UNTIL MAY 2020 1.00 X 0 0 0 VIRGINIA SMITH DIRECTOR 1.00 X 0 0 0 DAVID J STROUT DIRECTOR 1.00 X 0 0 0 DOROTHY STUBBLEBINE DIRECTOR 1.00 X 0 0 0 JAMES TARANGELO DIRECTOR 1.00 X 0 0 0 JACK TARDITI DIRECTOR 1.00 X 0 0 0 PAUL TULLY DIRECTOR 1.00 X 0 0 0 0 1490689 247651 0 0 1 0 UBS FINANCIAL SERVICES INC 1251 AVENUE OF AMERICAS NEW YORK NY 10020 INVESTMENT MANAGEMENT FEES 176982 1 26068 16266570 4814143 16292638 3565511 -368893 3934404 45361409 37358078 8003331 8003331 110688 7892643 1010 26068 12924 -11914 -11914 ALUMNI EVENTS 900099 54900 54900 SETTLEMENT INCOME 900099 20185 20185 MERCHANT COMMISSIONS 900099 19427 19427 94512 27944078 0 -258205 11909645 10548439 10548439 3062212 3062212 40712 40712 68990 68990 302216 302216 9900 9900 631 631 5288 5288 159 159 6754 71 6683 6826 1826 5000 33747 33747 LICENSE & REGISTRATIONS 17596 17596 14103470 13640203 463267 0 7995474 10296826 1779715 2981602 0 261922 150660382 137596919 77158757 89613842 237594328 240751111 307041 76165 105397 15000 86910 2655628 499348 2746793 X 54816542 47027712 182278438 190976606 237094980 238004318 237594328 240751111 X 13840608 -12821400 -109870 X X 0 1 X 0 0 X 16443301 12950608 20183369 13119532 16292638 78989448 16443301 12950608 20183369 13119532 16292638 78989448 32145250 46844198 2798142 2795245 4171091 4004436 3565511 17334425 68953 94512 163465 96487338 0.48550 0.49950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ALUMNI EVENTS - 2018 AMOUNT: $ 68,953. 2019 AMOUNT: $ 54,900. SETTLEMENT PAYMENT - 2019 AMOUNT: $ 20,185. MERCHANT COMMISSIONS - 2019 AMOUNT: $ 19,427. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 221976279 8418971 -1520651 8618722 220255877 207198055 13672945 9513681 8357575 50827 221976279 191835489 10888374 13448332 8279940 694200 207198055 173209103 11057585 16137197 7471007 1097389 191835489 173823429 9802625 -2619651 7324100 473200 173209103 0.01430 0.98570 0.00000 0 0 0 VENTURE CAPITAL INVESTMENT 3000000 F PRIVATELY HELD COMMON STOCK 108082 F REALITY INVESTMENTS 12505508 F PRIVATE EQUITY 35043523 F ABSOLUTE RETURN 38956729 F 89613842 DUE TO ROWAN UNIVERSITY 2319596 ANNUITIES PAYABLE 336032 2655628 14878011 -12821400 12924 -12808476 27686487 257591 257591 27944078 13968673 122794 122794 13845879 257591 257591 14103470 PART V, LINE 4: TO ADVANCE THE SUSTAINABILITY OF THE FOUNDATION'S SUPPORT OF ROWAN UNIVERSITY'S EDUCATIONAL MISSION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RE-CLASS OF EVENT EXPENSES TO PART VIII 12,924. PART XII, LINE 2D - OTHER ADJUSTMENTS: ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 109,870. RE-CLASS OF EVENT EXPENSES TO PART VIII 12,924. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 26446729 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT 2685083 NORTH AMERICA 0 0 INVESTMENT 3188188 0 0 0 0 0 0 32320000 0 32320000 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 1, 3, 4, AND 5: THE ORGANIZATION IS REQUIRED TO FILE FORMS 926, 8621 OR FORM 8865 BECAUSE IT MEETS THE APPLICABLE OWNERSHIP THRESHOLD OR OTHER FILING REQUIREMENTS. THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLD. MLK BREAKFAST 27078 26068 1010 250 12674 27078 26068 1010 250 12674 12924 -11914 1 ROWAN UNIVERSITY 201 MULLICA HILL ROAD GLASSBORO NJ 08081 222764819 GOVERNMENT 10534845 TO SUPPORT ROWAN UNIVERSITY ROWAN UNIVERSITY STUDENT GOVERNMENT ASSOCIATION 201 MULLICA HILL ROAD GLASSBORO NJ 08081 222628847 501(C)(3) 13594 TO SUPPORT STUDENT GOVERNMENT ACTIVITIES 2 0 SCHOLARSHIP 804 3062212 PART I, LINE 2: RUF MONITORS THE USE OF THE GRANTS TO ROWAN UNIVERSITY AND ROWAN UNIVERSITY STUDENT GOVERNMENT ASSOCIATION THROUGH COMMON MANAGEMENT AND PROVIDES STEWARDSHIP REPORTS TO THE DONORS REGARDING THE USAGE OF THE FUNDS. SCHOLARSHIPS AWARDED ARE CREDITED DIRECTLY TO THE STUDENTS' TUITION ACCOUNTS. 0 1 0 0 0 0 0 0 0 DR ALI A HOUSHMAND DIRECTOR (PRES. OF ROWAN UNIVERSITY) 0 566481 0 86250 0 305906 0 90000 0 75529 0 1124166 0 244570 JOHN J ZABINSKI EXECUTIVE DIRECTOR UNTIL JAN. 2020 0 338494 0 0 0 4799 0 14000 0 31708 0 389001 0 0 RONALD J TALLARIDA EXECUTIVE DIRECTOR AS OF JAN. 2020 0 188075 0 0 0 684 0 14000 0 22414 0 225173 0 0 PART I, LINE 3 THE ORGANIZATION'S EXECUTIVE DIRECTORS, JOHN J. ZABINSKI (UNTIL JANUARY 2020) AND RONALD J. TALLARIDA (AS OF JANUARY 2020), WERE COMPENSATED BY A RELATED ORGANIZATION, ROWAN UNIVERSITY. THEIR COMPENSATION WERE DETERMINED THROUGH ROWAN UNIVERSITY'S SALARY REVIEW PROCESS, WHICH INCLUDES A REVIEW BY THE UNIVERSITY'S CHIEF HUMAN RESOURCE OFFICER, CHIEF FINANCIAL OFFICER, AND THE PRESIDENT OF ROWAN UNIVERSITY. THIS REVIEW INCLUDED THE USE OF COMPARABILITY DATA FOR BOTH INTERNAL AND EXTERNAL COMPENSATION EQUITY. PART I, LINE 4B ALI HOUSHMAND, A DIRECTOR OF THE ORGANIZATION AND THE PRESIDENT OF ROWAN UNIVERSITY, PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH THE UNIVERSITY, A RELATED ORGANIZATION. THE UNIVERSITY CONTRIBUTED $76,000 TO THE PLAN ON HIS BEHALF IN CALENDAR YEAR 2019. ALI HOUSHMAND ALSO RECEIVED DISTRIBUTION OF $244,570 FROM THE 457(F) PLAN, WHICH IS REPORTED ON PART II, COLUMN B(III). X 2 500 COST X 50 COST X 8 4790588 AVG. SELLING PRICE X 3 5833 COST X STETHOSCOPES 1 16121 COST X EQUIPMENT 2 1051 COST 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE WHICH HAS THE POWER TO MAKE DECISIONS ON BEHALF OF ORGANIZATION IN THE PERIODS BETWEEN BOARD MEETINGS ASIDE FROM CERTAIN EXCEPTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS DELEGATED FINANCIAL AND ACCOUNTING RESPONSIBILITIES TO THE FINANCE DEPARTMENT OF ROWAN UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE ROWAN UNIVERSITY BOARD OF TRUSTEES APPOINTS ALL DIRECTORS, EXCEPT FOR THE DIRECTOR POSITION THAT IS RESERVED TO THE PRESIDENT OF THE UNIVERSITY AND CHAIRPERSON OF THE UNIVERSITY TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS DELEGATED THE RESPONSIBILITY FOR THE ORGANIZATION'S FORM 990 TO THE ROWAN UNIVERSITY DIVISION OF FINANCE. THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE ACCOUNTING SERVICES STAFF WITHIN THE ROWAN UNIVERSITY DIVISION OF FINANCE, INCLUDING THE ASSOCIATE CONTROLLER, AND THE AVP FOR FINANCE & CONTROLLER. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ROWAN UNIVERSITY FOUNDATION (RUF) CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IS MONITORED AND ENFORCED ANNUALLY. THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS OF RUF, INCLUDING EMPLOYEES OF ROWAN UNIVERSITY WHO ACT ON BEHALF OF RUF. EACH RUF DIRECTOR AND OFFICER MUST ANNUALLY SUBMIT A DISCLOSURE STATEMENT TO THE BOARD CHAIR LISTING, TO THE BEST OF HIS/HER KNOWLEDGE BUT WITHOUT DUTY TO INVESTIGATE, ALL ORGANIZATIONS WITH WHICH HE OR SHE IS AFFILIATED AND DESCRIBING THE NATURE OF THE AFFILIATION. IN THE EVENT THERE IS ANY MATERIAL CHANGE IN THE INFORMATION CONTAINED IN THE DISCLOSURE STATEMENT, THE PERSON WHO SUBMITTED IT MUST PROMPTLY SUBMIT WRITTEN NOTIFICATION OF THE CHANGE. ANY DIRECTOR OR OFFICER WHO IS UNCERTAIN ABOUT POSSIBLE CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE EXECUTIVE COMMITTEE TO DETERMINE WHETHER A POSSIBLE CONFLICT EXISTS. IF REFERRED TO THE EXECUTIVE COMMITTEE, THE QUESTION MUST BE RESOLVED BY MAJORITY VOTE AND MAY BE FORWARDED TO THE FULL BOARD FOR FURTHER REVIEW. THE INTERESTED PERSON MUST NOT VOTE ON THE MATTER IN QUESTION AND MUST NOT BE PRESENT AT THE TIME OF THE VOTE. THE DECISION OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, FORM 1023, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST FORM 990, PART XI, LINE 9: ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -109,870. FORM 990, PART XII, LINE 2C: THE FILING ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR SELECTION OF AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FILING ORGANIZATION'S RELATED ORGANIZATION, ROWAN UNIVERSITY, DOES HAVE SUCH A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR SELECTION ON BEHALF OF THE FILING ORGANIZATION. THE FILING ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. ROWAN INNOVATION VENTURE FUND LLC 201 MULLICA HILL ROAD GLASSBORO NJ 08028 471589274 PROVIDES EARLY STAGE FUNDING TO ENTREPRENEURS NJ 0 3054456 ROWAN UNIVERSITY FOUNDATION ROWAN UNIVERSITY 201 MULLICA HILL ROAD GLASSBORO NJ 08028 222764819 HIGHER EDUCATION NJ N/A 0 SOUTH JERSEY TECHNOLOGY PARK AT ROWAN UNIVERSITY INC 201 MULLICA HILL ROAD GLASSBORO NJ 08028 050526470 RESEARCH AND LEARNING NJ 501(C)(3) LINE 12A, I ROWAN UNIVERSITY 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0