2021-05-14T10:40:31-05:00 2020-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-07-01 116077945 Stony Brook Foundation Inc % JASON HSUEH STON 6316326536 230 Administration Stony Brook NY 11794 JASON W HSUEH CFO 6316326536 2021-05-14 true scott thompsett P00741490 2125990100 2019 2022-09-23 18:48:47Z JASON W HSUEH 230 Administration Stony Brook NY 11794 278740412 false X www.stonybrook.edu/foundation/ X 1965 NY To advance the mission and goals of Suny Stony brook (also referred to as Stony Brook University) by facilitating, accepting and managing philanthropic gifts. 23 20 13 0 -282333 -287583 65217329 54558793 1533062 1410038 8466932 4992800 758160 1431920 75975483 62393551 25632049 17391141 0 0 10433400 10520867 70000 70000 4028332 22679202 22736264 58814651 50718272 17160832 11675279 558788144 590641440 46705406 56242895 512082738 534398545 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). false false 12140182 5185972 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. 9790630 6128531 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 Medical and Research Translation (MART) 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. 5396143 2079013 0 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), PARKINSON DISEASE RESEARCH (THE THOMAS HARTMAN CENTER FOR PARKINSON'S RESEARCH), ENVIRONMENTAL AND SUSTAINABILITY RESEARCH (SHINNECOCK BAY RESTORATION PROGRAM), CHEMICAL BIOLOGY RESEARCH, MERCURY EXPOSURE THROUGH THE CONSUMPTION OF MARINE FISH, RESEARCH IN NEW CONJUGATED MATERIALS AND MANY OTHER VARIOUS RESEARCH EFFORTS. 3551856 3472537 0 Scholarships & fellowships 1972335 525088 1458977 PUBLIC SERV., ADMIN. SUPP. & STUDENT SUPPORT 5524191 3997625 1458977 32851146 true true false true false false false true true true true true false false true true false true false false true true true true true true false true true true false false false false false false false true true true false false false true true true false false true 589 3 true 13 true true true true BF BD CA CJ UC EI SW false false false true true false false false false false false X 23 20 true false false false false false false true false false false true true true true true true true true false CA FL GA HI KS KY MD MA MI MN NH NJ NY OR SC UT WV WI X X JASON HSUEH 6316326536 230 ADMINISTRATION Stony Brook NY 11794 X Mr David Marcus CIO 37.5 0.0 X 384370 0 158194 Deborah Lowen-Klein INTERIM VP, ADVANCEMENT 37.5 0.0 X 288615 0 118570 Mr Jason W Hsueh CFO & COO 37.5 0.0 X 271070 0 111113 Jo-Ann Daniels Director, Finance & Operations 37.5 0.0 X 196470 0 80535 Ernest Baptiste CEO OF SBUH (Thru 11/2019) 0.0 0.0 X 255399 0 0 Danielle Holton ED Development, SBCH 33.75 0.0 X 177740 0 72849 Tara Stenzel-Fleming ED Corporate and FR 37.5 0.0 X 175726 0 72118 DR SAMUEL L STANLEY JR EX-OFF-TRUSTEE (Thru 07/2019) 3.0 0.1 X 170154 0 0 Mr Dexter A Bailey Jr Exec Director (thru 07/2019) 1.2 1.0 X 50323 0 0 DR MICHAEL BERNSTEIN VOTING EX-OFF TRUSTEE(AS OF 08/2019) 3.0 0.1 X 39231 0 0 Mr Richard L Gelfond Trustee, Chair 4.0 0.1 X X 0 0 0 Mr David E Acker Trustee, Vice Chair 1.0 0.0 X X 0 0 0 Dr Laurie Landeau Trustee, Vice Chair 1.0 0.0 X X 0 0 0 Dr James H Simons Trustee, Chair Emeritus 1.0 0.0 X X 0 0 0 Mr Cary F Staller Trustee, Secretary 1.0 1.0 X X 0 0 0 Dr Nancy Rauch Douzinas Trustee, Treasurer 1.0 0.0 X X 0 0 0 Dr Ashvin B Chhabra TRUSTEE 0.5 0.0 X 0 0 0 Dr Barry S Coller Trustee 0.5 0.0 X 0 0 0 Mr Guy-Max Delphin Trustee 0.5 0.1 X 0 0 0 Mr Barry M Fox Esq Trustee 0.5 0.1 X 0 0 0 Mr Stuart D Goldstein Trustee 0.5 0.1 X 0 0 0 MS KAREN KEOGH Trustee 0.5 0.0 X 0 0 0 MR WILLIAM L KNAPP Trustee 0.5 0.0 X 0 0 0 DR HENRY B LAUFER Trustee 0.5 0.0 X 0 0 0 MS DOROTHY LICHTENSTEIN Trustee 0.5 0.0 X 0 0 0 DR ROBERT LOURIE Trustee 0.5 0.0 X 0 0 0 DR NIRMAL MATTOO Trustee 0.5 0.0 X 0 0 0 MR RICHARD T NASTI ESQ trustee 0.5 0.1 X 0 0 0 MR BERNARDO PIQET TRUSTEE (AS OF 06/2020) 0.5 0.0 X 0 0 0 MS CAROLINE RITTER Trustee 0.5 0.1 X 0 0 0 MR RUSSELL SHEPARD TRUSTEE 0.5 0.0 X 0 0 0 MR LEONARD A SPIVAK ESQ Trustee (Thru 08/2019) 0.5 0.0 X 0 0 0 MRS SUSAN STEINHARDT ESQ Trustee 0.5 0.0 X 0 0 0 2009098 0 613379 11 false true true Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 Investment Mgmt 1332354 Blue State Digital Inc 62187 Collections Center Drive CHICAGO IL 60693 Digital 1109174 Investment Manager Co SBF 230 Administration STONY BROOK NY 11794 Investment Mgmt 1025047 Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 investment mgmt 559979 Investment Manager Co SBF 230 Administration STONY BROOK NY 11794 investment mgmt 525769 28 251275 452025 53855493 4248775 54558793 CONTRACTUAL AGENCY FEES 711300 1410038 1410038 1410038 1335337 -282333 1617670 0 120908 120908 293605 293605 0 293605 293605 219667872 25200 216003609 32000 3664263 -6800 3657463 3657463 148146 452025 296983 -148837 -148837 29705 1589 28116 28116 18169 12680 5489 5489 CONTRACTED SERVICES 900099 762593 762593 MUSEUM ADMISSION TO THE PK HOUSE 900099 48939 48939 MISCELLANEOUS REVENUE 900099 321107 321107 1132639 62393551 1458977 -282333 6658114 10528125 10528125 3967474 3967474 2895542 2895542 0 1121045 724773 396041 231 0 6935618 3342418 2134483 1458717 0 2401881 894696 894427 612758 62323 62323 0 117764 117764 127900 127900 60000 60000 70000 70000 9636287 9636287 4293502 3135813 279142 878547 439472 381322 58150 1424590 1003486 40911 380193 654868 283627 17588 353653 29 29 588366 523079 63452 1835 1254010 1210121 5619 38270 0 1440354 1309843 5467 125044 6641 6641 0 237917 231704 6213 142224 68310 73914 EQUIPMENT AND RENTALS 1648917 1609462 32720 6735 REPAIRS AND MAINTENANCE 420355 396027 2028 22300 MEMBERSHIP & DUES 171628 159292 895 11441 . 0 71440 57039 3943 10458 50718272 32851146 13838794 4028332 X 16339112 25461208 35612048 62774595 105400440 98931529 256066 486497 0 0 0 0 268432 168434 23420 21250 751960 935913 14973281 3799923 11268923 11173358 77974518 62063943 307893225 325699971 3000000 2924742 0 0 0 0 558788144 590641440 8032411 4982380 0 0 80556 77966 0 0 37636602 48884761 0 0 0 0 382615 63765 573222 2234023 46705406 56242895 X 41231148 40682551 470851590 493715994 512082738 534398545 558788144 590641440 11675279 10450126 190402 X false true X true false X 49531605 62350041 58869092 65217329 54558793 290526860 0 0 49531605 62350041 58869092 65217329 54558793 290526860 114314678 176212182 1391425 1549797 2004637 2084723 1749850 8780432 1465060 351184 171562 1987806 1861894 2672081 1369666 966343 1279720 8149704 309444802 9928147 0.56945 0.61529 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 50658272 50718272 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 120000 60000 60000 60000 300000 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. 150001 7004618 X X X false false true X 265806703 21065306 3751752 9656291 1636195 279331275 244955670 17716212 22532062 11988894 7408347 265806703 233966854 8032140 21666546 11077413 7632457 244955670 219656875 12982642 19444388 10134900 7982151 233966854 207914116 18280843 9985414 11064534 5458964 219656875 0.05230 0.71180 0.23590 false false 1090854 1090854 6799408 3262101 3537307 160615 136753 23862 6922404 401069 6521335 11173358 INVESTMENTS IN US EQUITY FUNDS 121799707 F INVESTMENTS IN MULTI-STRATEGY 80121780 F INVESTMENTS IN PRIVATE EQUITY 75888764 F INVESTMENTS IN GLOBAL EQUITY 46952714 F INVESTMENTS IN DIVERSIFIED FIX 837006 F OTHER LONG-TERM INVESTMENTS 100000 325699971 0 ANNUITIES PAYABLE 809977 PAYCHECK PROTECTION PGRM FORGIVABLE LOAN 1424046 2234023 X 63518280 10450126 10450126 53068154 9636149 -310752 9325397 62393551 41202472 310752 310752 40891720 9636149 190403 9826552 50718272 ORGANIZATIONS COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER ASSETS SCHEDULE D, Part III, Line 4 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. ESCROW AND CUSTODIAL ARRANGEMENTS SCHEDULE D, Part IV, Line 2b The foundation holds funds as a trustee/disbursing agent for auxiliary agencies of stony brook university, which amounted to $48,884,761 as of June 30, 2020. 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 $1,410,038 for fiscal year 2020, which is included in contracts and other support in the combined statement of activities. ENDOWMENT FUNDS SCHEDULE D, Part V, Line 4 The Foundation's endowment is intended to subsidize its charitable mission of supporting Stony Brook University's educational programs. Although the Foundations 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. ASC 740 FOOTNOTE SCHEDULE D, Part X, Line 2 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. RECONCILIATION OF REVENUE WITH AFS SCHEDULE D, Part XI, Line 4b Special Events Expenses Reclassed to Revenue $(296,983) COGS Expenses Reclassed to Revenue (12,180) Gaming Expenses Related to fundraising Activities reclassed to revenue (1,589) ---------- Total $(310,752) ========== RECONCILIATION OF EXPENSES WITH AFS SCHEDULE D, Part XII, Line 2d Special Events Expenses Reclassed to Revenue $296,983 COGS Expenses Reclassed to Revenue 12,180 Gaming Expense Related to fundraising activities reclassed to revenue 1,589 ---------- Total $310,752 ========== SCHEDULE D, Part XII, Line 4b Prior Year Grant Refund $(190,403) Total $(190,403) ========== true Sub-Saharan Africa Grantmaking 2722383 Europe (Including Iceland and Greenland) Grantmaking 2000 East Asia and the Pacific Grantmaking 10000 South America Grantmaking 15518 Europe (Including Iceland and Greenland) Program Services Education & Training 3732 Middle East and North Africa Program Services Education & Training 6722 South America Program Services Education & Training 2065 South Asia Program Services Education & Training 3000 Sub-Saharan Africa Program Services Education & Training 63049 East Asia and the Pacific Program Services Research 3216 South America Program Services Research 10185 South Asia Program Services Research 5453 Europe (Including Iceland and Greenland) Program Services Research 11242 Sub-Saharan Africa Program Services Research 36977 Sub-Saharan Africa Investments Program Related Loan 2924742 Central America and the Caribbean Investments 187981200 North America Investments 2683203 196484687 196484687 Sub-Saharan Africa general SUPPORT 236418 wire Middle East and North Africa General Support 6722 WIRE Sub-Saharan Africa Operations 2549969 wire South America GENERAL SUPPORT 15518 WIRE Europe (Including Iceland and Greenland) OPERATIONS 7955 WIRE East Asia and the Pacific Support News Literacy 10000 WIRE South Asia OPERATIONS 5453 WIRE 7 8 true false true true true false ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS OUTSIDE U.S. SCHEDULE F, Part I, Line 2 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. FOREIGN FORMS Schedule F, Part IV 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 FOUNDATIONS 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. X X X X X X X true Event Associates Inc 162 W 56th FUNDRAISING EVENT false 2187600 70000 2117600 2187600 70000 2117600 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI LISVH Golf Out. 130414 105139 25275 22662 23521 21065 Staller Gala 107310 80230 27080 27184 40000 14 362447 266656 95791 3254 62407 58397 38493 600171 452025 148146 3254 112253 81918 99558 296983 -148837 29705 1300 289 false 29705 1300 289 1589 28116 NY true false false false 1.00000 Jo-Ann Daniels 230 Administration Bldg Stony Brook NY 11794 false Jonathan Spier 0 Member in Charge X false GAMING MANAGER INFORMATION Schedule G, PART III, line 16 The individual in charge of overseeing the Foundation's FUNDRAISING gaming activities is not compensated for that job responsibility; he undertakes this role as part of his ordinary business endeavors. true RESEARCH FOUNDATION - STONY BROOK UNIV S5422 FRANK MELVILLE Stony Brook NY 11794 141368361 501(C)(3) 1352799 Research Awards STONY BROOK UNIVERSITY OFFICE 261 ADMIN BLDG Stony Brook NY 11794 146013200 GOVERNMENT 7802406 958752 Book Equipment Educational Support ALUMNI ASSOC OF THE StUNIV OF NY at stony brook 1315 FM JRMEMLIBR Stony Brook NY 11794 510160098 501(C)(3) 21000 Operation Support FACULTY STUDENT ASSOCIATION W SIDE DINING FL 2 Stony Brook NY 11794 111986378 501(C)(3) 37170 Educational Support NEUROLOGY ASSOCIATES OF STONY BROOK UFPC PO BOX 1554 STONY BROOK NY 11790 112587430 501(C)(3) 325000 EDUCATIONAL SUPPORT SIGMACAMP INC 68 UPPER SHEEP PASTURE E SETAUKET NY 11733 462782877 501(C)(3) 15000 EDUCATIONAL SUPPORT 6 0 ACADEMIC STIPENDS AND GRADUATE STUDENT FELLOWSHIPS 190 724790 Academic Prizes and Awards 567 334105 15929 Book Educational Support Student Aid 1453 1221322 1764 Book Educational Support Scholarships 899 1669564 ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS IN U.S. SCHEDULE I, PART I, LINE 2 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 false false false false false false false false false true false DR SAMUEL L STANLEY JR EX-OFF-TRUSTEE (Thru 07/2019) 170154 0 0 0 0 0 0 0 170154 0 0 0 Mr Jason W Hsueh CFO & COO 271070 0 0 0 0 0 0 0 111113 0 382183 0 0 0 Mr David Marcus CIO 354370 0 30000 0 0 0 0 0 158194 0 542564 0 0 0 Jo-Ann Daniels Director, Finance & Operations 196470 0 0 0 0 0 0 0 80535 0 277005 0 0 0 Ernest Baptiste CEO OF SBUH (Thru 11/2019) 188462 0 66937 0 0 0 0 0 0 0 255399 0 0 0 Deborah Lowen-Klein INTERIM VP, ADVANCEMENT 288615 0 0 0 0 0 0 0 118570 0 407185 0 0 0 Danielle Holton ED Development, SBCH 177740 0 0 0 0 0 0 0 72849 0 250589 0 0 0 Tara Stenzel-Fleming ED Corporate and FR 175726 0 0 0 0 0 0 0 72118 0 247844 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A 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 Foundations Form 990; nevertheless, the Foundation is retaining this disclosure in the interests of transparency. METHOD OF ESTABLISHING COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR SCHEDULE J, PART I, LINE 3 Stony Brook Foundation's EXECUTIVE DIRECTOR IS A STATE UNIVERSITY EMPLOYEE, AND AS SUCH, THE STATE (AN UNRELATED GOVERNMENT ENTITY) DETERMINES APPROPRIATE COMPENSATION FOR THE EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR AND DETERMINES WHETHER TO APPROVE PAYMENT OF A PORTION OF THE COMPENSATION BY THE FOUNDATION. ACCORDINGLY, SINCE THE FOUNDATION DOES NOT ESTABLISH THE EXECUTIVE DIRECTOR'S COMPENSATION, FORM 990, SCHEDULE J, QUESTION 3 IS LEFT BLANK. NON-FIXED PAYMENTS SCHEDULE J, PART I, LINE 7 Former CEO of Stony Brook University Hospital, Ernest Baptiste, received a bonus in calendar year 2019 that contained discretionary elements based on his meeting certain performance-based goals. The Bonus was authorized by the Stony Brook University Hospital Senior Vice President for Health Sciences and ultimately approved and paid by the Stony Brook Foundation. Dr James SimonsHenry Laufer Board members/Substantial Contributors 45814569 Investments Held false Dr James SimonsHenry Laufer Board members/Substantial Contributors 703677 Investment Fees false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS Schedule L, Part IV The 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. The value of the Foundations holdings with the firm is $45,814,569; for the year ending June 30, 2020, the Foundation paid the investment firm $703,677 in investment management fees. X 16 150001 appraisal X 154 4096684 FMV X supplies 26 2090 fmv 1 false true true Sch M, Part I, Line 9 In the year ending June 30, 2020, the Foundation received $3,098,488 in stock donations in satisfaction of prior year pledge payments. Third Party Assistance of Noncash Contributions Sch M, Part I, Line 32b 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 2020, 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. 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. AMOUNTS REPORTED ON LINE 15 FORM 990, PART I, LINE 15 Salaries, other compensation, AND employee benefits are comprised of support for campus programs, administrative offices and fundraising offices. For fiscal year 2020, the total support of $10,520,867 includes $5,024,210 related to campus programs, $3,424,951 related to administrative offices and $2,071,706 related to fundraising offices. organization's mission continued form 990, part iii, line 1 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. Other Program Services Form 990, Part III, line 4d Education Stony Brook Foundation provided various student financial support to SUNY Stony Brook as well as to SUNY Stony Brooks students to assist in their effort of delivering a world-class education at a remarkably affordable price and to keep recruiting the best young minds and future leaders from across the socioeconomic spectrum. Public Serv., Admin. Supp. & Student Support 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. Delegation of AUTHORITY Form 990, part VI, section A, line 1 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 trusteesofficers' 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. Family or Business Relationships Form 990, Part VI, Section A, line 2 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. CONTEMPORANEOUS DOCUMENTATION Form 990, part VI, section A, line 8b 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. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 Form 990, Part VI, section B, Line 11 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. ENFORCEMENT OF CONFLICT OF INTEREST POLICY Form 990, Part VI, Section B, Line 12c 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. PROCESS FOR DETERMINING COMPENSATION Form 990, Part VI, Section B, Lines 15A The compensation paid to the Foundations 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-2s. PROCESS FOR DETERMINING COMPENSATION Form 990, Part VI, Section B, Line 15B The compensation paid to the Foundations other officers (COO, CFO and CIO) is recommended by the Foundations 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. AVAILABILITY OF DOCUMENTS TO THE PUBLIC Form 990, Part VI, Line 19 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. COMPENSATION Form 990, Part VII 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. The Foundation's Executive Director, Dexter Bailey, was a State University employee who undertook two different job responsibilities: SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT at the State University of Stony Brook and as Executive Director of the foundation. Dexter Bailey separated from service in July of 2019. Mr. Bailey's compensation reported on Part VII of the Form 990 represents compensation paid by the Foundation for services rendered by Mr. Bailey in his capacity as Executive Director and not for any services he rendered to the State University of Stony Brook. BENEFITS NOT DISCLOSED ON SCHEDULE J ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. The funding to support State employee compensation is approved by the Foundation's Board of Directors. Both Dr. Samuel Stanley and Michael Bernstein, ex-efficio trustees, are NY state university employees. 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 both individuals annual conflict of interest disclosure that is shared with the Foundation's Board of Directors to ensure absolute transparency. Dr. Stanley separated from service in July of 2019. Dr. Stanley and Mr. Bernstein's compensation, as reported on the Form 990, Part VII, represents the amount paid by the Foundation; to the extent either is compensated by SUNY, it is not disclosed on this Form 990 as SUNY is not a related party and the services for which both were compensated were not rendered to the Foundation. Finally, it should be noted that both Dr. Stanley and Mr. Bernstein are 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: Mr. Baptiste. 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 anticipates that the entire PPP loan shall be forgiven by the Small Business Administration as the Foundation has met all of the necessary criteria. Stony Brook Foundation Realty 230 Administration Stony Brook NY 11794 112622814 Real Estate NY 501(c)(3) 12-I SBF true Long Island High Tech Incubator Inc 25 east loop road Stony Brook NY 11790 113059018 Develop Tech NY 501(c)(3) 10 NA false false false false true false false false false false false false true false true true false false false false Stony Brook Foundation Realty Inc d 168434 cost