2021-04-28T15:36:04-05:00 2020-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-07-01 237039817 THE BARUCH COLLEGE FUND % IRINA LASKIN BARU 6466606668 One Bernard Baruch Way NEW YORK NY 10010 HELEN MILLS President 6466606668 2021-04-28 true Daniel Romano P00504182 2125990100 2019 2022-09-23 18:48:47Z HELEN MILLS One Bernard Baruch Way NEW YORK NY 10010 106483306 false X WWW.BARUCH.CUNY.EDU X 1970 NY THE FUND ENGAGES IN GENERATING, ENCOURAGING & PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS OF THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. 46 46 519 1 111133 -555128 15622399 11786423 0 0 7392769 12224242 -28748 0 22986420 24010665 6912807 6911403 0 0 7124960 7256015 225746 248550 1838574 1496486 1230192 15759999 15646160 7226421 8364505 220846202 222873682 2663243 3429675 218182959 219444007 X THE BARUCH COLLEGE FUND IS AN ORGANIZATION ENGAGED IN GENERATING, ENCOURAGING AND PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS OF THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. false false 12161721 6252419 0 THE FUND SUPPORTS ACTIVITIES THROUGH SCHOLARSHIPS AND AWARDS AND GRANTS TO THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK ("THE COLLEGE") FOR VARIOUS EDUCATIONAL PURPOSES SUCH AS THE SUPPORT OF THE COLLEGES THEATER, PUBLICATIONS, FACULTY, ART GALLERY, AND STUDENT SERVICES. STUDENT SERVICES INCLUDE ACTIVITIES SUCH AS THE STARR CAREER DEVELOPMENT CENTER, THE SCHWARTZ COMMUNICATION INSTITUTE, AND THE WEISSMAN CENTER FOR INTERNATIONAL BUSINESS, WHICH SERVICE THE ENTIRE STUDENT BODY. IN ADDITION TO SCHOLARSHIPS, AWARDS, AND GRANTS, THE FUND PAYS EXPENSES, INCLUDING CERTAIN COMPENSATION SUPPLEMENTS, ON BEHALF OF THE COLLEGE TO ENABLE IT TO ATTRACT AND RETAIN THE BEST TALENT TO CARRY OUT ITS EDUCATIONAL MISSION. 658984 658984 0 EITHER DIRECTLY OR INDIRECTLY (THROUGH BCF FUNDS TRANSFERRED TO THE CITY UNIVERSITY OF NEW YORK TO REDUCE STUDENT TUITION OBLIGATIONS), THE BCF PROVIDED $4.2 MILLION IN SCHOLARSHIPS AND AWARDS TO 1,691 STUDENTS IN FY 2020. ALL SCHOLARSHIP AND AWARDS RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON INDIVIDUAL SCHOLARSHIP AND AWARD FUND CRITERIA. AWARDS TO 588 STUDENTS INCLUDE, BUT ARE NOT LIMITED TO FUNDS DISTRIBUTED FOR STUDY ABROAD PROGRAMS, AWARDS TO RECOGNIZE ACADEMIC ACHIEVEMENT AND EMERGENCY FUNDS DISTRIBUTED BASED ON NEED DUE TO HARDSHIP. See schedule I for additional details. 12820705 true true false false false false false false false true false true false false true true true false false false true false false true false false false true true true false false false false false false false false true false false false false true false false false true 202 0 true 519 true true true false false false false true true false false false false false false false X 46 46 true false false false false false false true true false false true true true true true true true true false CA CO DC IL KY ME MD MA MI MN NV NH NJ NY OH OR SC WA X X IRINA LASKIN 6466606668 ONE BERNARD BARUCH WAY NEW YORK NY 10010 Mitchel B Wallerstein President of Baruch College 10.0 30.0 X 0 437602 81344 Yildiray Yildirim Professor 0.0 35.0 X 151052 255721 45645 Harry F Huss Dean 0.0 35.0 X 118600 287966 22400 Terrence Martell Professor 0.0 35.0 X 145812 147628 46847 David Birdsell Dean 0.0 35.0 X 90000 176994 39391 Katharine T Cobb VP Admin/Finance 10.0 30.0 X 0 221058 42860 Steven Lilien Professor 0.0 35.0 X 81493 127723 43861 Irina Laskin Controller 35.0 0.0 X 130672 0 29772 Robert J Aquilina Trustee 1.0 0.0 X 0 0 0 Helene R Banks Trustee 1.0 0.0 X 0 0 0 Max W Berger Chairman 4.0 0.0 X X 0 0 0 Jason S Berman Trustee 1.0 0.0 X 0 0 0 Marc L Berman Trustee 1.0 0.0 X 0 0 0 Debra Bernstein Trustee 1.0 0.0 X 0 0 0 Kevin J Boyle Trustee 1.0 0.0 X 0 0 0 Alejandro Canete trustee (as of 11/2019) 1.0 0.0 X 0 0 0 Daniel Clivner vice president 1.0 0.0 X X 0 0 0 Jeffrey Cole Trustee 1.0 0.0 X 0 0 0 Charles R Dreifus Trustee 1.0 0.0 X 0 0 0 Irwin R Ettinger Trustee 1.0 0.0 X 0 0 0 Lawrence N Field Trustee (thru 02/2020) 1.0 0.0 X 0 0 0 Lisa Field Trustee 1.0 0.0 X 0 0 0 Lewis Friedman Trustee 1.0 0.0 X 0 0 0 Buzzy Geduld Trustee 1.0 0.0 X 0 0 0 Dov Gertzulin Trustee 1.0 0.0 X 0 0 0 William F Harnisch Trustee 1.0 0.0 X 0 0 0 Dennis J Hickey Trustee 1.0 0.0 X 0 0 0 Joanne M Hvala secretary 1.0 0.0 X X 0 0 0 Peter S Jonas Trustee 1.0 0.0 X 0 0 0 Eric M Kirsch Trustee 1.0 0.0 X 0 0 0 Paul M Koren Trustee 1.0 0.0 X 0 0 0 David Krell Trustee 1.0 0.0 X 0 0 0 Joseph M Leone Trustee 1.0 0.0 X 0 0 0 Christine S Li-Auyeung Trustee 1.0 0.0 X 0 0 0 Luz D Liebeskind Trustee 1.0 0.0 X 0 0 0 Mark Martinelli Trustee 1.0 0.0 X 0 0 0 Austin W Marxe Trustee 1.0 0.0 X 0 0 0 Vincent J Masi treasurer 1.0 0.0 X X 0 0 0 Richard S Merians Trustee 1.0 0.0 X 0 0 0 Helen J Mills President 1.0 0.0 X X 0 0 0 Richard C Paul Trustee 1.0 0.0 X 0 0 0 John J Raggio trustee 1.0 0.0 X 0 0 0 M Freddie Reiss Trustee 1.0 0.0 X 0 0 0 Dov C Schlein Trustee 1.0 0.0 X 0 0 0 Carl C Schmidt Trustee 1.0 0.0 X 0 0 0 Robert H Schnell Trustee 1.0 0.0 X 0 0 0 Stuart A Shikiar Trustee 1.0 0.0 X 0 0 0 Leon Shivamber trustee 1.0 0.0 X 0 0 0 Lawrence J Simon Trustee 1.0 0.0 X 0 0 0 Po Sit trustee 1.0 0.0 X 0 0 0 Howard I Smith Trustee 1.0 0.0 X 0 0 0 Eliya Vaknin Trustee 1.0 0.0 X 0 0 0 Dewin Vasquez Trustee (as of 07/2019) 1.0 0.0 X 0 0 0 Sandra K Wasserman Trustee 1.0 0.0 X 0 0 0 Lawrence L Zicklin trustee 1.0 0.0 X X 0 0 0 717629 1654692 352120 4 false true false Prime Buchholz Associates Inc PO BOX 16011 LEWISTON ME 042439588 advisory svcs 149355 FUTURE FUNDS LLC 129 Bathgate Street STATEN ISLAND NY 10312 PLAN GIVING COUNSEL 138750 CTS GROUP ARCHITECTUREPLANNING PA 17 COMMERCE STREET CHATHAM NJ 07928 Architectural svcs 130186 3 11786423 3314526 11786423 0 2266287 111133 2155154 0 0 0 0 0 92430596 82472641 9957955 9957955 9957955 0 0 0 0 0 0 0 0 0 0 24010665 111133 12113109 6252419 6252419 658984 658984 0 0 166970 36298 130672 0 6149695 5348253 134699 666743 0 457769 51701 135006 271062 481581 473050 309 8222 0 18871 18871 112495 112495 0 248550 248550 233063 233063 143504 49481 94023 81089 81089 202895 18091 184804 67990 67990 0 29742 26002 3740 32263 32263 0 29428 1769 27659 0 0 0 126521 126423 98 SPECIAL EVENTS 152331 152331 15646160 12820705 986881 1838574 1056582 2605575 8563188 3772892 18055290 17851960 5752 47350 0 0 0 0 0 0 0 0 830269 594514 0 0 92275582 111745574 86947230 80292890 0 0 0 0 13112309 5962927 220846202 222873682 1016232 1789971 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1647011 1639704 2663243 3429675 X 9803432 9763934 208379527 209680073 218182959 219444007 220846202 222873682 X 8364505 -7017616 -85841 X false true X true false X 12794617 20452365 16820442 15622399 11786423 77476246 0 0 12794617 20452365 16820442 15622399 11786423 77476246 8739940 68736306 757064 1102644 1521111 1861349 2266287 7508455 0 80850 94325 93100 106085 0 374360 85359061 0.80526 0.81197 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152800360 11296665 4198634 6061687 2108556 160125416 149541838 3734893 7495006 5938653 2032724 152800360 137035869 7546587 10937465 5675344 1756827 148087750 119705075 7357346 16412106 4836708 1601950 137035869 125704443 4557221 -4188856 4690378 1677355 119705075 0.05760 0.82430 0.11810 false false LIMITED PARTNERSHIPS 80292890 F 80292890 0 ANNUITY OBLIGATIONS 1639704 1639704 X 16907208 -7017616 -85841 -7103457 24010665 24010665 15646160 15646160 15646160 USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 5 THE FUND'S ENDOWMENT CONSIST OF 276 INDIVIDUAL DONOR-RESTRICTED FUNDS and two quasi endowments. THESE FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS AND AWARDS AND PROGRAM ENHANCEMENTS AT BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. FIN 48 DISCLOSURE FORM 990, SCHEDULE D, PART X, LINE 2 THE FUND RECOGNIZES THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION IN THE FINANCIAL STATEMENTS ONLY 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. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. THE FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER INTERNAL REVENUE CODE (THE "CODE") SECTION 501(c)(3). NEVERTHELESS, THE FUND MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. RECONCILIATION OF REVENUE. SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS OF ($85,841). Central America and the Caribbean 0 0 Investments 45557981 Europe (Including Iceland and Greenland) 0 0 Investments 14846286 0 0 0 0 60404267 60404267 true false false false false false SCHEDULE F, PART IV, FOREIGN FORMS THE FUND DID MAKE TRANSFERS TO FOREIGN CORPORATIONS IN EXCESS OF REPORTING THRESHOLDS APPLICABLE FOR FORM 926. ACCORDINGLY, THE FUND HAS PREPARED THESE FORMS AND FILED WITH FORM 990-T. X X X X X X true FUTURE FUNDS LLC PLAN GIVING COUNSEL false 135000 STOCKADE CONSULTING GROUP TELEFUND FUNDRAISING false 63680 83550 -19870 HARVEST FRC INC FUNDRAISING CONSULTING false 30000 63680 248550 -19870 AZ CA CO CT DE DC FL GA HI ID IL IN IA KY LA ME MD MA MI MN MO MT NV NH NJ NM NY NC OH OR PA RI SC SD TN TX VT VA WA WV WI WY Schedule G, Part I, line 2 The revenue raised by Future Funds and Harvest Fund Raising Counsel is not readily determinable. true BARUCH COLLEGE - THE CITY UNIVERSITY OF NY ONE BERNARD BARUCH WAY NEW YORK NY 10010 133893536 501(C)(3) 6288717 N/A N/A PROGRAM SUPPORT 1 SCHOLARSHIPS 558 658984 N/A N/A GRANTS TO BERNARD M. BARUCH COLLEGE FORM 990, SCHEDULE I, PART II GRANTS TO BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK: THE FUND PROVIDES GRANTS TO THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK TO BE USED TO SUPPORT VARIOUS PROGRAM RELATED ACTIVITIES OF THE COLLEGE INCLUDING SALARIES, SCHOLARSHIPS AND GRANTS TO STUDENTS, AS WELL AS OTHER IDENTIFIED PROGRAM NEEDS. IN ADDITION TO SCHOLARSHIPS AND GRANTS THE FUND PAYS EXPENSES, INCLUDING CERTAIN COMPENSATION SUPPLEMENTS, ON BEHALF OF THE COLLEGE TO ENABLE IT TO ATTRACT AND RETAIN THE BEST TALENT TO CARRY OUT ITS EDUCATIONAL MISSION. GRANTS AND ASSISTANCE TO INDIVIDUALS FORM 990, SCHEDULE I, PART III DURING THE FISCAL YEAR ENDED JUNE 30, 2020, IN ADDITION TO THE 1,133 SCHOLARSHIPS THE FUND AWARDED THROUGH THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK, AN ADDITIONAL 558 STUDENTS RECEIVED SCHOLARSHIPS AND AWARDS DIRECTLY FROM THE FUND. THE TOTAL NUMBER OF STUDENTS RECEIVING SUCH SCHOLARSHIPS AND AWARDS FOR THE YEAR ENDED JUNE 30, 2020 WAS 1,691 TOTALING $4,163,086. AWARDS INCLUDE, BUT ARE NOT LIMITED TO FUNDS DISTRIBUTED FOR STUDY ABROAD PROGRAMS, AWARDS TO RECOGNIZE ACADEMIC ACHIEVEMENT AND EMERGENCY FUNDS DISTRIBUTED BASED ON NEED DUE TO HARDSHIP. ALL SCHOLARSHIP AND AWARD RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON INDIVIDUAL FUND CRITERIA. X X X true true false false false false false false false false false Katharine T Cobb VP Admin/Finance 0 221058 0 0 0 0 0 17685 0 25175 0 263918 0 0 Irina Laskin Controller 130672 0 0 0 0 0 14320 0 15452 0 160444 0 0 0 Mitchel B Wallerstein President of Baruch College 0 437602 0 0 0 0 0 28000 0 53344 0 518946 0 0 Harry F Huss Dean 118600 287966 0 0 0 0 0 22400 0 0 118600 310366 0 0 Steven Lilien Professor 81493 127723 0 0 0 0 0 18686 0 25175 81493 171584 0 0 Terrence Martell Professor 145812 147628 0 0 0 0 0 21672 0 25175 145812 194475 0 0 David Birdsell Dean 90000 176994 0 0 0 0 0 26516 0 12875 90000 216385 0 0 Yildiray Yildirim Professor 151052 255721 0 0 0 0 0 20470 0 25175 151052 301366 0 0 SCHEDULE J, PART I, LINE 1A: HOUSING THE PRESIDENT OF BERNARD M. BARUCH COLLEGE, AS A CONDITION OF HIS EMPLOYMENT, RESIDES IN A CUNY OWNED APARTMENT TO RESPOND TO EMERGENT SITUATIONS AT ANY TIME. AS A RESULT, THE FUND PAYS THE CONDOMINIUM COMMON CHARGES AND CABLE/INTERNET SERVICE FOR THE APARTMENT AND IS DISCLOSED ON THIS RETURN. THIS IS INCLUDED IN THE ANNUAL BUDGET ALLOCATION FROM THE FUND, APPROVED BY THE FUNDS BOARD OF TRUSTEES. TRAVEL FOR COMPANIONS Baruch college fund pays for occasional travel for the President's spouse, who is a not an employee, for purposes of conducting business of the college. This benefit is treated as a reimbursed business expense and is not considered compensation to the President. DISCRETIONARY FUND THE PRESIDENT OF BERNARD M. BARUCH COLLEGE RECEIVES A BUDGET ALLOCATION FROM THE FUND, APPROVED BY THE FUNDS BOARD OF TRUSTEES. THIS ALLOCATION IS USED TO FUND COLLEGE-WIDE INITIATIVES DESCRIBED IN THE COLLEGES STRATEGIC PLAN. COMPENSATION ARRANGEMENTS SCHEDULE J ONE EMPLOYEE OF BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK (THE "COLLEGE") SERVES AS A KEY EMPLOYEE OF THE BARUCH COLLEGE FUND AS THIS EMPLOYEE PROVIDES OVERSIGHT TO THE ACTIVITIES OF THE FUND. THE COLLEGE DOES NOT DETERMINE EMPLOYEE BENEFITS, RATHER THEY ARE PRESCRIBED BY THE CITY UNIVERSITY OF NEW YORK ("CUNY"). SCHEDULE J, PART I, LINE 3 The President of Baruch College, a key employee of the Fund, receives base compensation from the City University of New York (CUNY). Such CUNY compensation is determined in accordance with CUNY guidelines and procedures for members of Executive Compensation Plan (ECP) and is approved by the CUNY Board of Trustees. Schedule J General Statement The Fund makes payments to certain officers and employees of Baruch College in order to supplement their compensation for purposes of allowing the College to attract and retain the best talent possible. While these College employees dont provide services to the Fund, the payments are within our mission of supporting the College and all are treated as taxable compensation payments and reported on Forms W-2. X 23 3314526 FMV false true false COVID-19 Pandemic The COVID-19 pandemic, whose effects first became known in January 2020, is having a broad and negative impact on commerce and financial markets around the world. The extent of the impact of COVID19 on the Funds operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and its long-term impact on the Funds donors, employees and vendors, all of which at present, cannot be determined. Accordingly, the extent to which COVID-19 may impact the Funds financial position and changes in net assets and cash flows is uncertain, and the accompanying financial statements include no adjustments relating to the effects of this pandemic. FORM 990, PART VI, SECTION A, QUESTION 2 GOVERNANCE, MANAGEMENT, AND DISCLOSURE KATHARINE T. COBB, OFFICER AND MITCHEL B. WALLERSTEIN, KEY EMPLOYEE HAVE A BUSINESS RELATIONSHIP. Lawrence Field, trustee and Lisa Field, trustee have a family relationship. FORM 990, PART VI, SECTION B, QUESTION 11 Management and the audit committee of the Baruch College Fund review the Form 990 prepared by the Funds accounting firm. Upon their approval, the Form 990 is provided to the governing Board for information and upon such distribution, electronically filed with the Internal Revenue Service. FORM 990, PART VI, SECTION B, QUESTION 12C EMPLOYEES OF THE FUND MUST COMPLY WITH THE GOVERNANCE POLICIES OF BOTH THE COLLEGE AND THE FUND. SUCH WRITTEN POLICIES INCLUDE WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION, GIFT ACCEPTANCE AND ANNUAL CONFLICTS OF INTEREST DISCLOSURES. FORM 990, PART VI, SECTION B, QUESTIONS 15A & 15B THE FUND AND THE COLLEGE DO NOT DETERMINE EMPLOYEE BENEFITS, RATHER THEY ARE PRESCRIBED TO EACH OF THE INSTITUTIONS AFFILIATED WITH THE CITY UNIVERSITY OF NEW YORK ("CUNY"). FORM 990, PART VI, SECTION C, QUESTIONS 18 & 19 THE BARUCH COLLEGE FUND MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG and the Baruch College Fund website. THE BARUCH COLLEGE ANNUAL COMPLIANCE FILING AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. form 990, Part XI, Line 9 RECONCILIATION OF NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS OF ($85,841). THE BERNARD M BARUCH COLLEGE OF CUNY 1 BERNARD BARUCH WAY NEW YORK NY 10010 133893536 EDUCATION NY false false true false false false false false false false false true false false true false false false false false BARUCH COLLEGE-THE CITY UNIVERSITY OF NY n 26002 CASH BARUCH COLLEGE-THE CITY UNIVERSITY OF NY b 10451803 CASH