2021-05-13T19:25:20-05:00 2020-06-30 KPMG LLP 1003 Bishop Street Suite 2100 Honolulu HI 96813 990 2019-07-01 990085260 UNIVERSITY OF HAWAII FOUNDATION % Kara Shibata UNIV 8083767800 1314 SOUTH KING STREET SUITE B HONOLULU HI 96814 KARA SHIBATA CONTROLLER/ASST TREA 8083767800 2021-05-13 true CANDACE C CHING P01698370 8085402800 2021-05-13 2019 2022-09-23 18:48:47Z JOHN HAN 1314 SOUTH KING STREET SUITE B HONOLULU HI 96814 149352394 false X www.uhfoundation.org X 1955 HI TO UNITE DONORS' PASSIONS WITH UH ASPIRATIONS BY RAISING PHILANTHROPIC SUPPORT & MANAGING PRIVATE INVESTMENTS TO BENEFIT UH, THE PEOPLE OF HAWAII, & FUTURE GENERATIONS 27 27 215 27 -1424134 53711307 63320456 0 0 9371056 9053082 4462177 4360312 67544540 76733850 15524668 16936213 0 0 10699979 10112057 199490 0 7820815 33819726 34300617 60243863 61348887 7300677 15384963 543347710 548406506 34312172 32889930 509035538 515516576 X The University of Hawai'i Foundation (UHF) was established in 1955 to encourage private support for UH. Today it is the central fundraising organization for the UH System, providing professional fundraising and alumni engagement services to all 10 UH campuses. To date, the nonprofit UHF has raised more than $1 billion to support UH students, faculty, research and facilities. UHF has a number of specialists on staff to provide comprehensive fundraising and alumni engagement services. Expertise areas include major gifts, corporate and foundation giving, annual giving, donor stewardship, charitable tax and estate and gift planning. In addition to fundraising, UHF manages the $341+ million endowment for UH. Generous gifts from donors and a disciplined focus on investment strategies and opportunities help the endowment grow over the long term, providing support for University of Hawai'i programs and priorities into the future. The team also manages investments related to planned giving, inc false false 11560899 10604726 Student Aid and Services - UHF raises and distributes money for student aid, scholarships, fellowships, grants and awards to help students fulfill their academic potential and ensure our state has the skilled professionals it needs to flourish. These include merit-based scholarships, need-based scholarships, study abroad opportunities and programs that help build international bridges and cultural versatility. Fellowships help UH attract and retain outstanding students whose research and contributions to our world are key to a vibrant future. 11000724 3668838 Research - scientific, technical, humanistic investigation, individual and/or project research as well as grants for institutes and research centers. The University of Hawai'i Foundation (UHF) helps fuel research and innovation through strategic philanthropic investments. Private support plays a critical role in enabling UH researchers to tackle our world's challenges and improve our quality of life. With its unique geographic location in the middle of the Pacific Ocean, the rich ethnic diversity and environmental attributes, UH has become a globally recognized leader for its pioneering research in fields such as oceanography, volcanology, astronomy, Pacific Islands and Asian area studies, tropical agriculture, cancer and genetics. UH's highly ranked active research programs serve as a magnet for leading researchers, building UH centers of excellence in areas including microbiomes, endangered and rare plant conservation and climate change. 7711635 1891573 Special Programs - Donor designated accounts support a range of academic and non-academic initiatives/programs. These include visiting distinguished lecturers and professorships, computer lab support, facilities funds, intramural sports, outreach programs that support lifelong learning and community education, health fairs, workshops, band and mentorship programs. Through fundraising and account management, UHF is a partner in capital improvement projects to bring state-of-the-art facilities, technology and equipment to campuses statewide. Quality facilities and expertly-curated resources nurture healthy learning and productive collaboration. From business education to advanced culinary training, donors are helping open up world-class opportunities and facilities to Hawai'i students. Private funds make it possible for our public university to bring distinguished visiting lecturers and researchers to our campuses. Examples include bringing some of the worlds most highly regarded cancer researchers to work collaboratively in our research laboratories with UH scientists. While they are here, the prominent researchers, including Nobel laureates, deliver a major lecture at the University of Hawai'i Cancer Center. Private support funds this extraordinary opportunity for UH faculty, students and staff, to meet and interact with some of the most prominent scientists whose work has saved many lives and establish research collaborations with them. Other distinguished lecture series support Hawai'i's dialogue with the rest of the world in areas including local entrepreneurship, international women?s leadership, global technology, the integration of science and culture, and indigenous language/cultural issues. 15473782 771076 Other program services 15473782 771076 45747040 true true false true false false false false false true true true false true true true true false false false false true false false true false false true true true false false false false false false false false true false false false true true false false false true 670 0 true 215 true true true false false false false true true false false false true true false false false X 27 27 true false false false false false false true true false false true true true true true true true true true true HI X X X Kara Shibata 8083767800 1314 SOUTH KING STREET SUITE B HONOLULU HI 96814 Tim Dolan President/CEO 40.0 0.0 X 492232 0 46147 Jason Ono Asst Treasurer/CFO 40.0 0.0 X 161374 0 47732 Jung Song Interim Sr. Associate VP - Str 40.0 0.0 X 161674 0 29267 Michael Coppes Senior Executive Director of E 40.0 0.0 X 136828 0 48052 Hugh Jones Asst Secretary/In-House Counse 40.0 0.0 X 132509 0 41138 Julie Levine Executive Director of Developm 40.0 0.0 X 147077 0 25767 Janet Bullard VP Marketing and Communication 0.0 0.0 X 152412 0 19048 Karla Zarate-Ramirez Associate VP - Major Gifts 40.0 0.0 X 137202 0 25349 Christine Koo Associate VP - Advancement Ser 40.0 0.0 X 124676 0 37232 Matt Henry Executive Director of Developm 40.0 0.0 X 132351 0 23631 Paul Kobayashi Asst Treasurer/VP Admin/CFO 0.0 0.0 X 124129 0 17867 John Han VP/COO 40.0 0.0 X 111025 0 11852 Kara Shibata Asst Treasurer/Controller 40.0 0.0 X 91204 0 23865 Shari Walsh Asst Secretary/Exec Assistant 40.0 0.0 X 39145 0 8856 Richard F Wacker Chariman 0.5 0.0 X X 0 0 0 Standford S Carr Vice Chair 0.5 0.0 X X 0 0 0 William E Grayson Vice Chair 0.5 0.0 X X 0 0 0 Lori Teranishi Secretary 0.5 0.0 X X 0 0 0 Ted Pettit Treasurer 0.5 0.0 X X 0 0 0 A Catherine Ngo Trustee 0.5 0.0 X 0 0 0 C Scott Wo Trustee 0.5 0.0 X 0 0 0 Christine Chee-Ruiter Trustee 0.5 0.0 X 0 0 0 Diane Paloma Trustee 0.5 0.0 X 0 0 0 Elliot Loden Trustee 0.5 0.0 X 0 0 0 Eric K Martinson Trustee 0.5 0.0 X 0 0 0 Herbert N Conley Jr Trustee 0.5 0.0 X 0 0 0 Jackson Nakasone Trustee 0.5 0.0 X 0 0 0 James J Pappas Trustee 0.5 0.0 X 0 0 0 James P Lally Trustee 0.5 0.0 X 0 0 0 Kathleen Kagawa Trustee 0.5 0.0 X 0 0 0 Ken Miller Trustee 0.5 0.0 X 0 0 0 Kent R Youel Trustee 0.5 0.0 X 0 0 0 Louise KY Ing Trustee 0.5 0.0 X 0 0 0 Mary E Sellers Trustee 0.5 0.0 X 0 0 0 Michael K Hirai Trustee 0.5 0.0 X 0 0 0 Peter Fukunaga Trustee 0.5 0.0 X 0 0 0 Peter Grossman Trustee 0.5 0.0 X 0 0 0 Ritchie Mudd Trustee 0.5 0.0 X 0 0 0 Rosita G Leong Trustee 0.5 0.0 X 0 0 0 Sean Sugai Trustee 0.5 0.0 X 0 0 0 Susan Murray Trustee 0.5 0.0 X 0 0 0 2143838 0 405803 19 true true false Cambridge Associates LLC PO Box 412015 Boston MA 02241 Investment Services 695200 KPMG LLP 1003 Bishop Street Suite 2100 Honolulu HI 96813 Accounting Services 213891 2 216747 716985 62386724 11584922 63320456 0 6620250 -1429310 8049560 0 43820 43820 324703 42040 282663 0 282663 5176 277487 72299233 2056169 69609356 2313214 2689877 -257045 2432832 2432832 765955 716985 653934 112021 112021 0 0 0 0 0 0 SERVICE CONTRACTS - UH 900099 3525511 3525511 Memberships 900099 255634 255634 Special Events 900099 24723 24723 115940 115940 3921808 76733850 3921808 -1424134 10915720 11813646 11813646 4686945 4686945 435622 435622 0 1290029 1115671 174358 0 6768225 54337 1621875 5092013 752434 271869 480565 756490 58 288701 467731 544879 128 184321 360430 0 102346 74153 28193 206455 206455 12500 12500 0 1225652 1225652 2549119 2306029 141197 101893 1248425 1021992 26299 200134 1956002 1758367 95502 102133 263477 139051 124426 0 718901 40323 513334 165244 1964767 1885288 49460 30019 0 1332791 1228674 17999 86118 0 0 192951 1112 139167 52672 152193 19150 76542 56501 UH AGREEMENTS 16610744 16610744 BAD DEBT 1324197 1266738 53775 3684 DONOR DEVELOPMENT COSTS 1194035 1149193 13818 31024 REPAIRS/MAINT- EQUIPMENT 449388 254629 108153 86606 2796674 1201565 1418038 177071 61348887 45747040 7781032 7820815 X 14967338 15607235 4803293 420624 35811213 26555010 0 0 0 0 0 0 163941 219955 0 0 372636 228455 12229056 2037607 10386481 10191449 191751083 139598789 247939537 317670494 0 0 0 0 37152188 37914495 543347710 548406506 8553020 5617692 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25759152 27272238 34312172 32889930 X 4639887 4705301 504395651 510811275 509035538 515516576 543347710 548406506 15384963 -9028687 124762 X false true X true false X 41408112 95727163 55282041 53711306 63320456 309449078 0 365429 376392 387684 265816 78719 1474040 41773541 96103555 55669725 53977122 63399175 310923118 0 310923118 5105388 4338498 5207604 5566478 6298215 26516183 99883 30145 130028 1483395 1112234 954908 1070382 765956 5386875 342956204 23638224 0.90660 0.81110 X Schedule A, Part II, Line 10 Other income consists of fundraising events and fees, honoraria/services, and other miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 12500 12500 false false Schedule C Part II-B, Line 1i Compensation paid to lobbyist for legislative and/or administrative action in the following areas: consumer protection & commerce, education, government operation & finance, hawaiian affairs, health, and science, technology & economic development. 326993437 33132523 -6053358 12382458 341690144 321039892 12539154 4945653 11531262 326993437 294688609 18917155 18379605 10945477 321039892 259182813 18651593 31553466 14699263 294688609 267384686 11997767 -3682992 16516648 259182813 0.18000 0.82000 true false 2006330 2006330 8377175 275879 8101296 69491 60193 9298 1711639 1637114 74525 64421 64421 10191449 DOMESTIC EQUITY 43903029 F INTERNATIONAL EQUITY 68971582 F HEDGE FUNDS 132440588 F PRIVATE EQUITY SECURITIES 45850697 F NATURAL RESOURCES/REAL ESTATE 26504598 F 317670494 CASH SURRENDER VALUE OF INS 199474 GIFT OF REAL ESTATE 1702277 GIFTS OF SECURITIES 15773 PERPETUAL TRUSTS 11342030 BENEFICIAL INTEREST IN CRTS 5036461 REMAINDER OWNERSHIP INTERESTS 12286023 ACCRUED INTEREST/DIVIDEND 332185 OTHER RECEIVABLES 6412450 DUE FROM UH 587822 DUE FROM AFFLIATES 0 DUE TO AFFILIATES 0 37914495 0 AMOUNTS HELD FOR OTHERS 4486859 MORTGAGE LOAN 7400000 PAYROLL TAXES & BENEFITS 864396 OTHER LIABILITIES 2380324 SPLIT-INTEREST AGREEMENTS 12140659 27272238 X 67378966 -9028687 203481 695974 -8129232 75508198 1225652 1225652 76733850 60897928 78719 695974 774693 60123235 1225652 1225652 61348887 Schedule D, Part V, Line 4 Endowments are managed for prudent growth to ensure the returns provide for program support plus inflation. The present and future revenue streams that endowed funds generate allow UH to hire faculty, implement programs, advance research andsupport outstanding students. Schedule D, Part X, Line 2 The Foundation is an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is generally not subject to federal or state of Hawaii income taxes. However, the Foundation is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business, in the opinion of management, is not material to the basic financial statements taken as a whole. Schedule D, Part XI, Line 2d $653,934 - Fundraising expenses reported net on 990 and gross on financial statements $42,040 - Rental expenses reported net on 990 and gross on financial statements ----------- $695,974 Schedule D, Part XII, Line 2d $653,934 - Fundraising expenses reported net on 990 and gross on financial statements $42,040 - Rental expenses reported net on 990 and gross on financial statements ---------- $695,974 Middle East and North Africa Grant funding used to promote progress of microbial oceanography 435622 WireTransfer 0 1 true false true false false false Schedule F, Part II, Line 1 Calculation of grant totals are based on actual wire payments made during the fiscal year. Fundraiser 222435 157219 65216 21159 Fundraiser 122000 57116 64884 108130 36 1070449 493276 577173 424799 1414884 707611 707273 554088 554088 153185 true University of Hawaii 2500 Campus Rd Honolulu HI 96822 996000354 11813646 University support, research, scholarshi 0 1 Scholarships & grants, including stipends & travel 301 4686945 Schedule I, Part I, Line 2 UHF has policies in place for providing grant funds to students in the form of scholarships, travel grants and awards. Generally, scholarship and fellowship payments specifically intended to cover items related to cost of attendance are processed through the UH's system. UHF will pay scholarships and fellowships to students directly in relation to travel, materials and/or research. All payment requests must comply with UHF's account administration policy in order to be processed. X true true X X true false false false false false false false false Tim Dolan President/CEO 387962 100000 4270 34727 0 11420 0 538379 0 0 0 Jason Ono Asst Treasurer/CFO 161374 0 0 38483 0 9249 0 209106 0 30878 0 Jung Song Interim Sr. Associate VP - Str 161404 0 270 19657 0 9611 0 190942 0 24903 0 Michael Coppes Senior Executive Director of E 135520 0 1308 37699 0 10353 0 184880 0 39270 0 Hugh Jones Asst Secretary/In-House Counse 131735 0 774 38379 0 2759 0 173647 0 72053 0 Julie Levine Executive Director of Developm 145889 0 1188 17015 0 8752 0 172844 0 15094 0 Janet Bullard VP Marketing and Communication 152154 0 258 16174 0 2874 0 171460 0 53048 0 Karla Zarate-Ramirez Associate VP - Major Gifts 137202 0 0 17891 0 7458 0 162551 0 0 0 Christine Koo Associate VP - Advancement Ser 124496 0 180 26416 0 10816 0 161908 0 0 0 Matt Henry Executive Director of Developm 132351 0 0 14500 0 9130 0 155981 0 0 0 Paul Kobayashi Asst Treasurer/VP Admin/CFO 123903 0 226 9695 0 8172 0 141996 0 25257 0 Schedule J, Part I, Line 1a Private business club membership is provided to the President and certain staff for business use. Schedule J, Part I, Line 4A Paul Kobayashi Jr received a severance payment of $50,000. Jane Bullard received a severance payment of $85,000. Schedule J, Part I, Line 5 An incentive program is in place for key individuals. It is based on quantitative and qualitative factors. One of several quantitative factors is funds raised. Schedule J, Part I, Line 6 An incentive program is in place for key individuals. It is based on quantitative and qualitative factors. One of several quantitative factors is funds raised and net operating results. X 160105 FMV X 29705 FMV X 27 17246 FMV X 1 150000 FMV X 105 4666840 FMV X 21 6042489 FMV X 4 472130 FMV X 2 100 FMV X 6 8498 FMV X 1 3500 FMV X Horse 1 4000 FMV X Scanners 2 30000 FMV X Airline Tickets 1 310 FMV 1 false true true Schedule M, Part I, Line 32b UHF used Kokua in Kind, Merrill Lynch and Charles Schwab to process and sell non-cash contributions. Form 990, Part VI, Section A, Line 2 Officers, directors, trustees and key employees have family or business relationships with another due to the nature of business in Hawaii. Relationships were identified as part of an annual questionnaire and transactions occurred in the ordinary course of business on terms offered to the public. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Controller, CFO, Senior Executive Director of Communications and the General Counsel prior to presentation of a final draft to the Audit Committee of the Board of Trustees to review and approve. Upon approval, the return is provided to all members of the governing board via a portal and is then Electronically filed with the IRS. The Form 990 is available on Guidestar and on UHF's website, as well as upon request. Form 990, Part VI, Section B, Line 12c UHF has a conflict of interest policy for employees and a separate form for Trustees. In accordance with both policies, all employees and Trustees are required to complete and certify an "Annual Conflict of Interest Form" at the beginning of the fiscal year. The information is compiled by the General Counsel. Any potential conflicts with regard to Trustees are brought to the attention of the CFO, COO and President, and brought to the Board of Trustee's Audit Committee to approve or disapprove the conflict of interest. Should a conflict of interest arise at a board meeting where approval of action or majority vote is required, the board member may share his/her views but must recuse him or herself from voting. Form 990, Part VI, Section B, Line 15 Annually, UHF benchmarks the salaries of the President/Chief Executive Officer, CFO, and VP/COO at other institutionally related foundations nationwide, as well as nonprofits within the State of Hawaii. This is done through research of 990s and through salary surveys of various professional organizations. The Executive Committee of the Board of Trustees uses this data in conjunction with an assessment of individual job performance to determine the appropriate compensation adjustments for the President/CEO and Vice Presidents of the organization. The documentation of these decisions is provided to and filed with the Human Resources Department. Form 990, Part VI, Section C, Line 19 UHF has a public information policy. This policy sets out the practices of UHF regarding disclosure of information and describes the extent and nature of those materials which will be made available to the public. UHF provides access to the following documents on its website: Form 990 tax return for the previous three years, IRS tax determination letter, Articles of Incorporation, Annual Report. The Form 990 tax return may also be viewed on Guidestar. Also available on the website is a listing of UHF's Board of Trustees and UHF Staff. The Conflict of Interest Policy and other governing documents outlined in the Public Information Policy that are not on the website are available upon request. UHF Atherton Student Housing LLC 1314 South King Street Suite B Honolulu HI 96814 Real Estate HI 277487 7882385 UHFoundation UHF Support Inc 1314 South King Street Suite B Honolulu HI 96814 262825368 Support - UHF HI 501 (c) (3) 509(a) (3) NA false CHARITABLE REMAINDER TRUST (40) TRUST HI UHF TRUST true false true false false false false false false false false false false false false false false false false false Charitable Remainder Trusts b 561439 cash paid