2021-11-15T13:30:21-06:00 2021-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2020-07-01 366086819 NORTHERN ILLINOIS UNIVERSITY FOUNDATION NORT 8157530282 ALTGELD HALL 134 DEKALB IL 60115 CATHERINE B SQUIRES CFRE PRESIDENT AND CEO 8157530282 2021-11-09 1 CATHERINE SQUIRES CFRE 999009999 DORI J EGGETT P00645252 3037409400 2021-11-15 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z CATHERINE B SQUIRES CFRE ALTGELD HALL 134 DEKALB IL 60115 19779282 0 X WWW.NIUFOUNDATION.ORG X 1949 IL TO SECURE AND MANAGE PRIVATE SUPPORT TO BENEFIT NORTHERN ILLINOIS UNIVERSITY. 23 23 0 25 -79103 85480 6467096 14763497 874922 855545 2362971 3636912 627991 513062 10332980 19769016 6566378 5671066 0 0 0 0 0 0 961939 4123040 3645081 10689418 9316147 -356438 10452869 134656377 170425866 13220375 13190168 121436002 157235698 X THE NIU FOUNDATION'S MISSION IS TO ENERGIZE AND CONNECT THE PRIVATE SECTOR WITH THE NIU COMMUNITY TO SECURE AND STEWARD RESOURCES THAT SUPPORT THE FUTURE AND GROWTH OF NIU. 1 0 6871011 5671066 855545 SEE SCHEDULE O 6871011 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 89 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA IL NY X X KYM KOWALSKI 8157531663 ALTGELD HALL 134 DEKALB IL 60115 X MICHAEL CULLEN BOARD CHAIR 2.00 0.00 X 0 0 0 CHRIS COLE VICE CHAIR 2.00 0.00 X 0 0 0 JOHN TIERNEY TREASURER 2.00 0.00 X X 0 0 0 STACEY BARSEMA DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BOSTON DIRECTOR 1.00 0.00 X 0 0 0 BRENT BRODESKI DIRECTOR 1.00 0.00 X 0 0 0 WHEELER COLEMAN DIRECTOR 1.00 0.00 X 0 0 0 CAROL CRENSHAW DIRECTOR 1.00 0.00 X 0 0 0 CYNTHIA CROCKER DIRECTOR 1.00 0.00 X 0 0 0 JOHN THOMAS FUTRELL DIRECTOR 1.00 0.00 X 0 0 0 KENNETH GREISMAN DIRECTOR 1.00 0.00 X 0 0 0 DAVID HEIDE DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY KAMBICH DIRECTOR 1.00 0.00 X 0 0 0 JOHN LANDGRAF TERM MAY '21 DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY LIESENDAHL DIRECTOR 1.00 0.00 X 0 0 0 CHERILYN MURER JD CR DIRECTOR 1.00 0.00 X 0 0 0 JAMES PICK DIRECTOR 1.00 0.00 X 0 0 0 MANNY SANCHEZ DIRECTOR 1.00 0.00 X 0 0 0 JAYMIE SIMMON TERM MAY '21 DIRECTOR 1.00 0.00 X 0 0 0 RICH ESCALANTE DIRECTOR 1.00 0.00 X 0 0 0 PETE GARRITY DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH SENER DIRECTOR 1.00 0.00 X 0 0 0 RAY BANKS DIRECTOR 1.00 0.00 X 0 0 0 SOPHIA ARNOLD STUDENT DIRECTOR 1.00 0.00 X 0 0 0 ISABELLE VONDRA STUDENT DIRECTOR 1.00 0.00 X 0 0 0 CATHERINE SQUIRES PRESIDENT AND CEO 40.00 0.00 X 0 290000 56617 JEAN GODLEWSKI DIRECTOR OF FINANCE 40.00 0.00 X 0 132960 35408 KYM KOWALSKI CONTROLLER 40.00 0.00 X 0 119904 44468 MELISSA NIGRO SECRETARY 40.00 0.00 X 0 94786 36925 JOHN SENTOVICH KEY EMPLOYEE 40.00 0.00 X 0 160102 45297 MICHAEL DAIGLER KEY EMPLOYEE 40.00 0.00 X 0 173825 57537 RAYMOND JACKSON KEY EMPLOYEE 40.00 0.00 X 0 169112 32806 REYNALDO BUSTINZA KEY EMPLOYEE 40.00 0.00 X 0 159327 27114 ALBERTA SOLFISBURG HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 0 178808 55714 ADAM MICHAEL NEAL HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 0 121115 47746 0 1599939 439632 0 0 1 0 NORTHERN ILLINOIS UNIVERSITY 1515 LINCOLN HIGHWAY DEKALB IL 60115 VARIOUS 743600 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 79540 PROGRAM AND AFF. FEE 252969 IRVING CONSTRUCTION CO INC 1826 SYCAMORE RD DEKALB IL 60115 CONTRACTOR 251196 MUCH SHELIST 191 N UPPER WACKER DR SUITE 1800 CHICAGO IL 60606 LEGAL 181332 4 53495 11049 2357585 12341368 123506 14763497 SERVICE CONTRACT 900099 743600 743600 EVENT REVENUE 900099 74378 74378 QUID PRO QUO ON GIFTS 900099 37567 37567 855545 1852946 -79103 1932049 146327 146327 186388 0 186388 186388 186388 1783966 0 1783966 1783966 1783966 57221 11049 10266 46955 46955 COMMISSION REVENUE 900099 83513 83513 AFFINITY PROGRAMS 900099 47500 47500 OTHER INCOME 900099 2379 2379 133392 19769016 855545 -79103 4229077 X 2983731 2983731 2687335 2687335 161561 250 155202 6109 53530 53530 29753 29753 504605 160842 131686 212077 6240 608 1497 4135 269363 52472 84287 132604 1204 721 483 48179 40767 7412 4232 4232 616531 616531 54833 54833 FOUNDATION SUPPORT FOR 1474597 250655 657672 566270 OTHER EXPENSES 220570 68005 126374 26191 TAXES 139948 139948 EQUIPMENT AND MAINTANCE 59935 4862 47932 7141 9316147 6871011 1483197 961939 5448474 5251140 0 2664578 4703558 0 33197 0 0 0 0 106338 525702 28629589 6635365 22590946 21994224 77695078 125852222 26130901 12045691 0 0 20062 20132 134656377 170425866 660711 517947 0 102314 441300 0 0 0 0 12016050 12672221 13220375 13190168 X 32191105 39611210 89244897 117624488 121436002 157235698 134656377 170425866 10452869 25403991 -57164 0 X X 0 1 X 1 0 X 9548583 9860686 8702478 6467096 14763497 49342340 9548583 9860686 8702478 6467096 14763497 49342340 49342340 1921071 2503884 2928583 1632755 2185661 11171954 283475 685372 968847 171224 359602 402035 324948 190613 1448422 62931563 4539681 0.78410 0.78730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4700 146802 X 0 69766415 8560432 23828269 3107531 1165805 97881780 75625792 1485221 -3574175 2680886 1089537 69766415 74397979 1923887 2868776 2459421 1105429 75625792 74833159 2207847 5633271 7186563 1089735 74397979 66928836 2333600 9219723 2609287 1039713 74833159 0.03000 0.60900 0.36100 0 0 3861333 3861333 24675715 6543510 18132205 92541 91855 686 21994224 LIMITED PARTNERSHIPS 12045691 C 12045691 DUE TO NIU 895552 TRAVEL DEPOSITS 268667 NIU ENDOWMENT AND GIFT ACCOUNTS 10956058 ANNUITY LIABILITY 551944 12672221 48805600 25403991 3662346 29066337 19739263 29753 29753 19769016 12844429 3539245 18790 3558035 9286394 29753 29753 9316147 PART III, LINE 4: COLLECTIONS INCLUDE A ONE ROOM SCHOOL MUSEUM TO PROVIDE CULTURE AT THE UNIVERSITY. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT NORTHERN ILLINOIS UNIVERSITY AND ITS MISSION TO ADVANCE EXCELLENCE AND TRANSFORM LIVES. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT 112,836. IN KIND REVENUE 3,539,245. FUNDRAISING EXPENESE 10,265. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 29,753. PART XII, LINE 2D - OTHER ADJUSTMENTS: NIU REAL ESTATE EXPENSES 8,525. FUNDRAISING EXPENSES 10,265. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 29,753. CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS N/A 11797063 0 0 0 0 0 0 11797063 0 11797063 1 0 1 1 0 0 PART III ACCOUNTING METHOD: VICTOR E BALL 68270 11049 57221 9766 500 68270 11049 57221 9766 500 10266 46955 1 NORTHERN ILLINOIS UNIVERSITY 366008480 PUBLIC UNIVERSITY 2462861 520870 BOOK EQUIPMENT TO PROVIDE GRANTS TO NORTHERN ILLINOIS UNIVERSITY 1 0 SCHOLARSHIPS, FELLOWSHIPS & AWARDS 2356 2687335 FMV PART I, LINE 2: RECORDS ARE MAINTAINED THROUGH ACCOUNTING SYSTEM SHARED WITH THE RECIPIENT, NORTHERN ILLINOIS UNIVERSITY. 0 0 0 0 0 0 0 0 0 CATHERINE SQUIRES PRESIDENT AND CEO 0 290000 0 0 0 0 0 22227 0 34390 0 346617 0 0 ALBERTA SOLFISBURG HIGHEST COMPENSATED EMPLOYEE 0 178808 0 0 0 0 0 23057 0 32657 0 234522 0 0 MICHAEL DAIGLER KEY EMPLOYEE 0 173825 0 0 0 0 0 22043 0 35494 0 231362 0 0 JOHN SENTOVICH KEY EMPLOYEE 0 160102 0 0 0 0 0 13862 0 31435 0 205399 0 0 RAYMOND JACKSON KEY EMPLOYEE 0 169112 0 0 0 0 0 9362 0 23444 0 201918 0 0 REYNALDO BUSTINZA KEY EMPLOYEE 0 159327 0 0 0 0 0 9755 0 17359 0 186441 0 0 ADAM MICHAEL NEAL HIGHEST COMPENSATED EMPLOYEE 0 121115 0 0 0 0 0 15335 0 32411 0 168861 0 0 JEAN GODLEWSKI DIRECTOR OF FINANCE 0 132960 0 0 0 0 0 16900 0 18508 0 168368 0 0 KYM KOWALSKI CONTROLLER 0 119904 0 0 0 0 0 12057 0 32411 0 164372 0 0 PART I, LINE 3 THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY THE UNIVERSITY AND THE NIU FOUNDATION REIMBURSES THE UNIVERSITY. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR THE FOUNDATION PRESIDENT, WHICH INCLUDES THE USE OF COMPARABLE DATA. IN CONSULTATION WITH THE UNIVERSITY PRESIDENT AND IN ACCORDANCE WITH UNIVERSITY POLICIES AND PRACTICE, THE COMPENSATION COMMITTEE RECOMMENDS APPROPRIATE COMPENSATION LEVELS FOR THE NIU FOUNDATION PRESIDENT AND CEO TO THE BOARD FOR APPROVAL. X 4700 X 1590 X EQUIPMENT 0 86329 X MISCELLANEOUS 0 30887 0 1 0 FORM 990, PART III, LINE 2 IN JUNE OF 2020, THE FOUNDATION AUTHORIZED THE FORMATION OF A SUBSIDIARY RELATED TO TRAVEL ACTIVITIES CONDUCTED THROUGH THE ASSOCIATION. THE ALUMNI ASSOCIATION TRAVEL HAD NO ACTIVITY IN FISCAL YEAR 2021. FORM 990, PART V, LINE 2A THE FOUNDATION DID NOT COMPENSATE THE INDIVIDUALS LISTED IN PART VII. NIU, AN ORGANIZATION THAT DOES NOT MEET THE RELATED ORGANIZATION REQUIREMENTS OF THE FORM 990 INSTRUCTIONS, PAYS THE INDIVIDUALS AND ISSUES THEIR W-2S. FORM 990, PART VI, SECTION A, LINE 2 CYNTHIA CROCKER AND JEFFREY LIESENDAHL PERSONALLY USE THE SERVICES OF SAVANT CAPITAL, FOR WHICH BOARD MEMBER BRENT BRODESKI SERVES AS THE CEO. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS ADOPTED THE PRACTICE THAT THE AUDIT COMMITTEE, THE PRESIDENT/CEO, DIRECTOR OF FINANCE AND STRATEGIC PRIORITIES AND CONTROLLER REVIEW THE FORM 990. THE BOARD MEMBERS ARE THEN PROVIDED A COPY OF THE FORM 990 BEFORE IT IS FILED. IT IS REVIEWED AT THE BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, BOARD MEMBERS AND KEY EMPLOYEES ARE GIVEN A COPY THE CONFLICT OF INTEREST POLICY. THEY ARE ALSO REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE REPORT. THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST REPORTS ANNUALLY. POTENTIAL CONFLICTS ARE SHARED WITH THE BOARD CHAIR AND ALL COMMITTEE CHAIR MEMBERS RECUSE THEMSELVES FROM DISCUSSIONS AND VOTES ON RELATED MATTERS. AT THE BEGINNING OF EACH BOARD MEETING THE BOARD CHAIR CALLS FOR ANY CONFLICTS ON AGENDA ITEMS TO BE DISCLOSED. POTENTIAL CONFLICTS ARE SHARED AND THAT BOARD MEMBER RECUSES THEMSELVES FROM DISCUSSIONS AND VOTES ON RELATED MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY THE UNIVERSITY AND THE NIU FOUNDATION REIMBURSES THE UNIVERSITY. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR THE FOUNDATION PRESIDENT, WHICH INCLUDES THE USE OF COMPARABLE DATA. IN CONSULTATION WITH THE UNIVERSITY PRESIDENT AND IN ACCORDANCE WITH UNIVERSITY POLICIES AND PRACTICE, THE COMPENSATION COMMITTEE RECOMMENDS APPROPRIATE COMPENSATION LEVELS FOR THE NIU FOUNDATION PRESIDENT AND CEO TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, LINE 1A THE FOUNDATION AND UNIVERSITY DO NOT MEET THE DEFINITION OF RELATED ORGANIZATIONS AS DEFINED IN THE INSTRUCTIONS TO THE FORM 990. THE UNIVERSITY PAYS THE INDIVIDUALS LISTED IN PART VII. DUE TO THE SIGNIFICANCE OF THE RELATIONSHIP, THE FOUNDATION CHOOSES TO REPORT THE RELATIONSHIP. FORM 990, PART IX, LINES 5 AND 7 THE FOUNDATION DID NOT COMPENSATE INDIVIDUALS. NIU, AN ORGANIZATION THAT DOES NOT MEET THE RELATED ORGANIZATION REQUIREMENTS OF THE FORM 990 INSTRUCTIONS, PAYS THE INDIVIDUALS. BECAUSE OF THIS, THE SALARIES OF THE INDIVIDUALS ARE SHOWN AS OTHER FEES FOR SERVICES. PART IX; STATEMENT OF FUNCTIONAL EXPENSE NORTHERN ILLINOIS UNIVERSITY PROVIDES IN-KIND SERVICE CONTRIBUTIONS WHICH ARE REFLECTED IN THE AUDITED FINANCIAL STATEMENTS BUT ARE NOT RECOGNIZED FOR TAX REPORTING PURPOSES. THESE AMOUNTS ARE NOT INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES BUT ARE BROKEN OUT AS PROGRAM $789,911, MANAGEMENT $772,794 AND FUNDRAISING $1,976,540. THE TOTAL AMOUNT OF $3,539,245 IS INCLUDED AS A RECONCILING ITEM ON SCHEDULE D. PART III LINE 4A NARRATIVE CONTINUATION WHO WE ARE AT THE NIU FOUNDATION, WE PURSUE EXCEPTIONAL OUTCOMES FOR OUR DONORS, OUR UNIVERSITY, AND THE COMMUNITIES WE SERVE. THE NIU FOUNDATION IS A NOT-FOR-PROFIT ENTITY THAT ENGAGES FRIENDS AND ALUMNI AND SECURES AND MANAGES GIFTS IN SUPPORT OF NORTHERN ILLINOIS UNIVERSITY. IN JULY OF 2020, THE NIU FOUNDATION AND NIU ALUMNI ASSOCIATION MERGED UNDER THE UMBRELLA OF THE NIU FOUNDATION, A STRATEGIC MOVE THAT HAS STRENGTHENED THEIR LONGSTANDING PARTNERSHIP. THIS MERGER MAKES THE NIU FOUNDATION OF TODAY RESPONSIBLE FOR ALUMNI ENGAGEMENT AS WELL AS FUNDRAISING. CREATING LIFE-CHANGING OPPORTUNITIES FOR OUR HARDWORKING, DEDICATED STUDENTS AND FACULTY IS THE NIU FOUNDATION'S HIGHEST PRIORITY. EACH YEAR, THOUSANDS OF ALUMNI AND DONORS JOIN US IN THIS ENDEAVOR. CONNECTING OUR ALUMNI NIU HAS A FIERCELY PROUD ALUMNI BASE OF WELL OVER 240,000 HUSKIES. THEY BOAST ACCOMPLISHED CAREERS IN A DIVERSE ARRAY OF PROFESSIONS AND PRIMARILY RESIDE IN THE NORTHERN ILLINOIS REGION. THESE GRADUATES CREATE DYNAMIC PROFESSIONAL NETWORKS FOR STUDENTS AND FACULTY AND PROVIDE ECONOMIC VITALITY TO THE REGION AND STATE. ALUMNI ALSO REPRESENT A VAST PIPELINE OF SUPPORT FOR THE UNIVERSITY. IN FY21, THE NIU FOUNDATION HOSTED MORE THAN 65 VIRTUAL ENGAGEMENT EVENTS SUCH AS MEETINGS WITH NIU PRESIDENT LISA FREEMAN AND ALUMNI PANEL DISCUSSIONS ON A RANGE OF RELEVANT TOPICS. THESE EVENTS ALLOWED US TO CONNECT WITH ALUMNI IN RECORD NUMBERS DURING THE COVID-19 PANDEMIC. IN FACT, A TOTAL OF 3,289 ALUMNI ATTENDED EVENTS IN FY21, 1,495 OF WHOM WERE FIRST-TIME EVENT ATTENDEES. FUNDING THE FUTURE THE NIU FOUNDATION WORKS TO FIND THE INTERSECTION OF DONORS' PHILANTHROPIC GOALS AND THE STRATEGIC PRIORITIES OF THE UNIVERSITY. THE NIU FOUNDATION MEASURES THE PRODUCTIVITY OF ITS FUNDRAISING EFFORTS ACROSS ALL AREAS OF THE UNIVERSITY THROUGH "NEW GIFTS AND COMMITMENTS," WHICH INCLUDES GIFTS OF CASH, GIFTS-IN-KIND, PLEDGES, UNREALIZED BEQUESTS, AND OTHER PLANNED GIFT COMMITMENTS. IN FY21, DONORS PROVIDED $15.4 MILLION IN NEW GIFTS AND COMMITMENTS. THIS NUMBER INCLUDES DONATIONS MADE THROUGH TWO HIGHLY SUCCESSFUL VIRTUAL GIVING CAMPAIGNS, HUSKIES UNITED AND THOUSANDS STRONG, WHICH BROUGHT IN $1,025,452 AND $2,007,235 RESPECTIVELY. SCHOLARSHIPS: THE PATH FOR SOCIAL MOBILITY ACCORDING TO A RECENT REPORT FROM THE BROOKINGS INSTITUTION, NIU WAS AMONG A SELECT GROUP OF THE NATION'S PUBLIC UNIVERSITIES CITED FOR SIMULTANEOUSLY PRODUCING IMPORTANT RESEARCH WHILE ALSO ENHANCING THE SOCIAL MOBILITY OF ITS STUDENTS FROM LOW-INCOME HOUSEHOLDS: THE TWO MOST CELEBRATED PURPOSES OF THE AMERICAN PUBLIC UNIVERSITY SYSTEM. IN FACT, NIU RECEIVED THE HIGHEST RANK OF ALL PUBLIC UNIVERSITIES IN THE STATE OF ILLINOIS. NIU TAKES PRIDE IN PROVIDING AN ACCESSIBLE, AFFORDABLE, AND HIGH-QUALITY EDUCATION TO TALENTED STUDENTS FROM UNDERSERVED POPULATIONS. IF FACT, MORE THAN HALF OF NIU STUDENTS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE, ONE IN FOUR STUDENTS ARE FROM AN UNDERREPRESENTED GROUP, AND 86% RELY ON SOME FORM OF FINANCIAL AID. WHILE COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY, INCLUDING IN ILLINOIS, HAVE SEEN DECLINING ENROLLMENT RATES FOR BLACK STUDENTS, NIU RECORDED ITS SIXTH STRAIGHT YEAR OF INCREASED AFRICAN AMERICAN ENROLLMENT IN THE FALL 2021 FRESHMAN CLASS. IN FACT, 37.6% OF ENTERING FRESHMEN WERE BLACK (UP 3% POINTS OVER THE PREVIOUS YEAR), THE HIGHEST THAT FIGURE HAS BEEN IN UNIVERSITY HISTORY. ASIAN STUDENT ENROLLMENT WAS AT 4%, WHILE HISPANIC ENROLLMENT ACCOUNTED FOR 21% OF THE INCOMING CLASS. NIU IS WORKING TOWARD A GOAL OF BECOMING A DESIGNATED HISPANIC SERVING INSTITUTION (HSI) WITHIN THE NEXT SEVERAL YEARS. SCHOLARSHIPS PLAY AN IMPORTANT ROLE IN MAKING THE DREAM OF A COLLEGE EDUCATION A REALITY FOR MANY OF THESE STUDENTS. THIS SUPPORT HAS ALSO PROVEN KEY TO PERSISTENCE, HELPING STUDENTS CROSS THE FINISH LINE TO BECOME PROUD HUSKIE ALUMNI. IN FACT, 9 OUT OF 10 STUDENTS WHO RECEIVE NIU FOUNDATION SCHOLARSHIPS GRADUATE. THE FOUNDATION HAS BEEN WORKING TOWARD A GOAL OF RAISING $50M IN SCHOLARSHIP SUPPORT BY THE END OF 2023. AT CLOSE OF FY21, WE WERE ABOUT HALFWAY TO THAT GOAL, HAVING RAISED $23,901,789. $6.4M OF THOSE DONATIONS WERE MADE IN FY21. IN THE PAST 10 YEARS, THE NIU FOUNDATION HAS AWARDED MORE THAN $27M IN SCHOLARSHIPS TO DESERVING STUDENTS. IN FY21 NIU FOUNDATION PROVIDED $2,789,634 TO STUDENTS FOR SCHOLARSHIPS AND AID. FACULTY WHO TEACH AND DO NIU'S NATIONALLY AND INTERNATIONALLY RECOGNIZED FACULTY ARE DEDICATED TO ADVANCING THEIR ACADEMIC DISCIPLINES AND ADDRESSING REAL-WORLD PROBLEMS. EXAMPLES OF CURRENT PROJECTS INCLUDE: - BUILDING A SYSTEM TO CONVERT CARBON DIOXIDE WASTE INTO FUEL - CREATING A NOVEL PEDIATRIC HEARING AID - ADVANCING LONG-RANGE SEVERE WEATHER FORECASTS - DEVELOPING A SPANISH-LANGUAGE MOBILE APP TO TREAT DEPRESSION AND ANXIETY - ASSISTING IN THE RECOVERY OF AN ENDANGERED TURTLE SPECIES - STUDYING THE COMBINED USE OF ROBOTS AND VIRTUAL REALITY IN CHILDREN'S LEARNING IN ADDITION, DOZENS OF NIU FACULTY HAVE PIVOTED ASPECTS OF THEIR RESEARCH TO THE COVID-19 PANDEMIC INCLUDING TESTING WASTEWATER TO BETTER MEASURE THE SPREAD OF COVID-19 THROUGHOUT THE AREA AS WELL AS NEW LESS-INVASIVE TESTING METHODS. SUCH PROJECTS PROVIDE THE OPPORTUNITY FOR STUDENTS TO PARTICIPATE IN CUTTING-EDGE RESEARCH ALONGSIDE FACULTY WHO ARE LEADERS IN THEIR FIELDS. THESE OPPORTUNITIES ARE A HALLMARK OF THE UNDERGRADUATE EXPERIENCE AT NIU. FROM THE MOMENT THEY STEP ON CAMPUS, STUDENTS ARE ENCOURAGED TO APPLY WHAT THEY'VE LEARNED IN THE CLASSROOM TO THEIR OWN FACULTY GUIDED RESEARCH OR ARTISTRY PROJECT. WORKING CLOSELY WITH THEIR FACULTY MENTORS, STUDENTS PRESENT AT CONFERENCES, WIN AWARDS FOR THEIR RESEARCH, AND HAVE ATTRACTED MEDIA ATTENTION WITH THEIR FINDINGS. PRIVATE DONATIONS HELP MAKE THESE EXPERIENCES POSSIBLE BY SUPPORTING INITIATIVES SUCH AS RESEARCH ROOKIES, A PROGRAM THAT LINKS FIRST-YEAR AND SOPHOMORE STUDENTS WITH FACULTY MENTORS IN THEIR AREAS OF INTEREST TO CONDUCT SMALL SCALE RESEARCH PROJECTS. EVIDENCE STRONGLY INDICATES THAT STUDENT RESEARCH PARTICIPATION INCREASES RETENTION AND BOLSTERS JOB AND GRADUATE SCHOOL OPPORTUNITIES. IN THE PAST 10 YEARS, UNDERGRADUATES WORKING WITH FACULTY MENTORS HAVE EXHIBITED ROUGHLY 2,000 RESEARCH AND ARTISTRY PROJECTS. IN FY2021 $3,056,198 WAS SUPPLIED TO SUPPORT CAMPUS DEPARTMENT AND PROGRAMS AND PROFESSORSHIPS. CAPITAL PROJECTS OVER THE PAST 20 YEARS, NIU DONORS HAVE LITERALLY CHANGED THE LANDSCAPE OF THE UNIVERSITY BY PROVIDING STATE-OF-THE-ART FACILITIES THAT SIMPLY WOULD NOT EXIST WITHOUT PRIVATE SUPPORT. CAMPUS LANDMARKS SUCH AS BARSEMA HALL, THE BARSEMA ALUMNI AND VISITORS CENTER, THE YORDON CENTER, AND THE KENNETH AND ELLEN CHESSICK PRACTICE FACILITY WERE MADE POSSIBLE THROUGH THE GENEROSITY OF DONORS. IN AUGUST OF 2021, THE UNIVERSITY CELEBRATED THE OPENING OF THE DE LA VEGA INNOVATION LAB IN THE COLLEGE OF BUSINESS. THIS 3,000-SQUARE-FOOT DONOR-FUNDED COLLABORATION HUB WILL FOSTER CREATIVITY, INNOVATION, AND ENTREPRENEURSHIP THROUGHOUT THE NIU COMMUNITY AND BEYOND. IN FY21 520,870 WAS SPENT ON BUILDING PROJECTS AND EQUIPMENT TO ENHANCE THE LEARNING AND LIVING ENVIRONMENT. PART III LINE 4A NARRATIVE CONTINUATION INVESTING FOR THE FUTURE THE NIU FOUNDATION ENDOWMENT PROVIDES A STRATEGIC BASE OF FUNDING TO SUSTAIN EXCELLENCE AT NIU. AS OF JUNE 30, 2021, THE NIU FOUNDATION HELD NET ASSETS OF $157.4 MILLION, $99.3 MILLION OF WHICH WERE ENDOWMENT. THE NIU FOUNDATION ENDOWMENT FUND IS OVERSEEN BY MEMBERS OF THE NIU FOUNDATION BOARD OF DIRECTORS, ALL OF WHOM ARE GENEROUS DONORS THEMSELVES. THE BOARD'S INVESTMENT COMMITTEE CONDUCTS A THOROUGH PROCESS TO SELECT AND ENGAGE INDEPENDENT INVESTMENT CONSULTANT TO SET AND EXECUTE INVESTMENT POLICY AIMED TO ATTAIN THE HIGHEST POSSIBLE TOTAL RATE OF RETURN, COMMENSURATE WITH AN APPROPRIATE DEGREE OF RISK; PROVIDE GROWTH OF THE MARKET VALUE OF THE ENDOWMENT'S PRINCIPAL TO PROTECT AGAINST INFLATION; AND GENERATE CASH FLOW TO FUND SCHOLARSHIPS AND OTHER PRIORITIES. ANOTHER IMPORTANT INVESTMENT MADE BY THE NIU FOUNDATION IS IN THE CREATION OF OPPORTUNITIES FOR STUDENTS TO BE INVOLVED IN THE LIFE OF OUR WORK. THE NIU FOUNDATION BOARD OF DIRECTORS HAS AN ACTIVE, VOTING MEMBER FROM THE STUDENT BODY WHOSE INPUT IS HIGHLY SOUGHT AND VALUED AND DOZENS OF STUDENTS GAIN VALUABLE EXPERIENCE AS EMPLOYEES OF OUR ANNUAL FUND CALL CENTER. IN ADDITION, THE FOUNDATION SPONSORS A STUDENT MANAGED PORTFOLIO PROGRAM IN PARTNERSHIP WITH OUR NATIONALLY RANKED COLLEGE OF BUSINESS THAT PROVIDES STUDENT ANALYSTS REAL-WORLD EXPERIENCE IN INVESTMENT AND PORTFOLIO MANAGEMENT. STUDENTS MEET WEEKLY TO MANAGE A PORTION OF THE NIU FOUNDATION PORTFOLIO. THEIR RESULTS ARE OUTSTANDING AS EVIDENCED IN THEIR YEAR-OVER-YEAR PERFORMANCE IN THE CFA INDUSTRY CHALLENGE, AN INTENSE SIX-MONTH COMPETITION THAT INVOLVES STUDENTS FROM THOUSANDS OF UNIVERSITIES AROUND THE WORLD AND A MULTITUDE OF INDUSTRY EXPERTS. THE FUTURE LOOKS BRIGHT A UNIVERSITY WITH THE ENERGY AND MOMENTUM OF NORTHERN ILLINOIS UNIVERSITY REQUIRES AN EVER-INCREASING LEVEL OF SUPPORT. IN ANTICIPATION OF THESE NEEDS, THE NIU FOUNDATION IS CURRENTLY PLANNING FOR A COMPREHENSIVE CAMPAIGN TO ENSURE THAT POSITIVE ENERGY, AND LIFE-CHANGING MOMENTUM CONTINUE FOR GENERATIONS OF HARDWORKING, DEDICATED HUSKIES. ALUMNI ASSOCIATION TRAVEL PROGRAM LLC 595 COLLEGE AVENUE ALTGLD HALL 135 DEKALB IL 60115 853230744 ALUMNI TRAVEL PROGRAM IL 0 0 NORTHERN ILLINOIS UNIVERSITY FOUNDATION NORTHERN ILLINOIS UNIVERSITY 1515 W LINCOLN HIGHWAY DEKALB IL 60015 366008480 PUBLIC UNI. IL GOVT 0 NIU REAL ESTATE FOUNDATION 595 COLLEGE AVENUE ALTGLD HALL 135 DEKALB IL 60015 842917334 REAL ESTATE HOLDING IL 501(C)(3) LINE 12A, I NORTHERN ILLINOIS UNIVERSITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 0 SCHEDULE R, PART II THE UNIVERSITY DOES NOT MEET THE DEFINITION OF RELATED ORGANIZATION AS DEFINED IN THE INSTRUCTIONS TO THE FORM 990. THE UNIVERSITY PAYS THE INDIVIDUALS LISTED IN FORM 990 PART VII AND THEREFORE THE FOUNDATION HAS LISTED THE UNIVERSITY AS A RELATED ORGANIZATION FOR PURPOSES OF REPORTING THIS COMPENSATION. SCHEDULE R, PART II, COLUMN B EDUCATIONAL, RELATIONSHIP BUILDING, AND CHARITABLE ASSOCIATION