2020-04-07T18:36:09-05:00 2019-06-30 420714325 RSM US LLP 1145 BROADWAY PLAZA SUITE 900 TACOMA WA 984023529 990 2018-07-01 830403915 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY TOWE 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 EVELYN JOHNSEN INTERIM COO 4089241765 2020-03-26 1 CHRISTY ENGELMANN P00745224 2535727111 174.246.18.103 2020-03-26 10:43:25 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D9C58B6C56169357B63331FD8898D67EADA08128 2018 2020-09-23 17:36:50Z EVELYN JOHNSEN ONE WASHINGTON SQUARE SAN JOSE CA 951920183 102217180 0 X WWW.SJSU.EDU/TOWERFOUNDATION X 2004 CA ASSISTANCE TO ACADEMIC PROGRAMS & FACILITIES, STUDENT SCHOLARSHIPS, FACULTY, & ATHLETICS PROGRAMS 25 18 517 59 0 536705 21770909 17226056 3241855 3038628 9307026 5656298 1274791 1123592 35594581 27044574 6163379 5670395 0 0 6657392 6800327 0 0 0 17239988 13578778 30060759 26049500 5533822 995074 208610527 211640861 1559400 3374373 207051127 208266488 THE TOWER FOUNDATION'S MISSION IS TO ENCOURAGE PHILANTHROPY AMONG SJSU ALUMNI AND FRIENDS BY PROVIDING HIGH QUALITY, RELIABLE, AND RESPONSIVE CHARITABLE GIVING SERVICES, DONOR STEWARDSHIP, AND ACCURATE ACCOUNTING FOR ALL GIFTS. 0 0 23360704 5670395 4057894 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES OF PROMOTING AND ADVANCING THE OBJECTIVES OF SAN JOSE STATE UNIVERSITY. PRIMARY PURPOSES INCLUDE PROVIDING ASSISTANCE TO ACADEMIC PROGRAMS, LIBRARIES, CLASSROOMS, LABORATORIES, STUDENT SCHOLARSHIPS, FACULTY FELLOWSHIPS AND PROFESSORSHIPS, FACULTY RESEARCH AND COMMUNITY PROJECTS, AND ATHLETICS PROGRAMS. 23360704 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 X 113 0 1 517 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 25 18 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X EVELYN JOHNSEN 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 X ALLISON BRICENO DIRECTOR 0.50 40.00 X 0 79506 39905 CHARLES W DAVIDSON DIRECTOR 0.50 0.00 X 0 0 0 COLLEEN B WILCOX DIRECTOR 0.50 0.00 X 0 0 0 CONSTANCE B MOORE CHAIRMAN OF THE BOARD 0.50 0.00 X 0 0 0 DANA C DITMORE DIRECTOR 0.50 0.00 X 0 0 0 DAVID NEIGHBORS EX OFFICIO 0.50 0.00 X 0 2767 0 DAVID WENG DIRECTOR 0.50 0.00 X 0 0 0 EDWARD OATES DIRECTOR 0.50 0.00 X 0 0 0 ERIC KELLY DIRECTOR 0.50 0.00 X 0 0 0 GARY D RADINE DIRECTOR 0.50 20.00 X 0 36667 775 GARY J SBONA DIRECTOR 0.50 0.00 X 0 0 0 HARRIETT ARNOLD EX OFFICIO 0.50 0.00 X 0 0 0 JEFF RICCI DIRECTOR 0.50 0.00 X 0 0 0 JOE PINTO DIRECTOR 0.50 0.00 X 0 0 0 JOHN W BAIRD DIRECTOR 0.50 0.00 X 0 0 0 LESLIE C FRANCIS DIRECTOR 0.50 0.00 X 0 0 0 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0.50 40.00 X 0 395035 137937 PAUL LANNING UNTIL APRIL'19 CEO 40.00 0.00 X X 0 248131 90615 PETER N SMITS INTERIM CEO 40.00 0.00 X X 0 0 0 PETER V UEBERROTH DIRECTOR 0.50 0.00 X 0 0 0 PHILLIP R BOYCE DIRECTOR 0.50 0.00 X 0 0 0 RAVISHA MATHUR EX OFFICIO 0.50 40.00 X 0 107329 57443 RICHARD CONNIFF DIRECTOR 0.50 0.00 X 0 0 0 SERGIO LANDAVERDE DIRECTOR 20.00 0.00 X 5360 0 0 STEFAN FRAZIER EX OFFICIO 0.50 40.00 X 0 83717 49086 STEPHEN H CAPLAN DIRECTOR 0.50 0.00 X 0 0 0 WANDA HENDRIX DIRECTOR 0.50 0.00 X 0 0 0 WILLIAM E BARTON DIRECTOR 0.50 0.00 X 0 0 0 LESLIE ROHN SECRETARY & COO 40.00 0.00 X 0 156731 58352 BRENT BRENNAN HEAD COACH, FOOTBALL 0.00 40.00 X 304356 286483 107717 MARIE TUITE ATHLETICS DIRECTOR 0.00 40.00 X 183580 248789 89312 JUDY KASS DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 125753 0 18161 JEAN PRIOLEAU HEAD COACH, BASKETBALL 0.00 40.00 X 123360 279486 105699 DERRICK ODUM ASSISTANT COACH, FOOTBALL 0.00 40.00 X 104136 208879 85340 846545 2133520 840342 11 0 1 0 SPARTAN SPORTS LLC 216 W LATIMER AVE CAMPBELL CA 95008 CONSTRUCTION 3135000 FINANCIAL ADMINISTRATIVE SUPPORT SERVICE 3180 NEWBERRY DRIVE SUITE 200 SAN JOSE CA 95118 ACCOUNTING 240000 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CAMPAIGN CONSULTING 200212 3 44874 577237 16603945 653336 17226056 ADMINISTRATION FEE 611170 3038628 3038628 3038628 3574984 3574984 76973545 74892231 2081314 2081314 2081314 384701 44874 280375 104326 104326 OTHER 611170 1019266 1019266 1019266 27044574 4057894 0 5760624 5669020 5669020 1375 1375 5055 5055 4307398 3278614 1028784 96486 49602 46884 1966286 1271610 694676 425102 355901 69201 28145 13027 15118 377031 377031 610003 610003 1491883 1370748 121135 11983 9525 2458 4754830 4658626 96204 96315 52039 44276 474313 453536 20777 752602 739345 13257 1692643 1692643 20030 4093 15937 ADMINISTRATION FEE 3038628 2920738 117890 STUDENT SUPPORT & INCEN 110127 100274 9853 DUES & SUBSCRIPTIONS 106539 91437 15102 TAXES & LICENSES 13706 13493 213 26049500 23360704 2688796 0 22673702 21830201 27178565 24694797 178282 2178409 235203 17263 92200053 97025605 58411906 58771032 4789925 7985549 942764 1138132 208610527 211640861 1276148 1599585 283252 1774788 1559400 3374373 X 6094977 4724000 89033257 88568047 111922893 114974441 207051127 208266488 208610527 211640861 X 995074 1098400 -878113 X X 0 1 X 1 0 X 15291809 40854387 21928335 21770909 19178758 119024198 15291809 40854387 21928335 21770909 19178758 119024198 8871034 110153164 2526429 2490582 2549076 3178424 3574984 14319495 137710 34985 -40333 166357 104326 403045 133746738 19736588 0.82360 0.83740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150056030 -3686217 7429657 587265 153212206 142939572 -1251642 8987311 619210 150056030 125627222 969552 16896637 553839 142939572 120043749 7852326 1778843 490009 125627222 117679105 1722517 1108824 466697 120043749 0.17570 0.75040 0.07390 0 0 0 IVA INTERNATIONAL FUND-I 12266764 F VAUGHAN NELSON 11538484 F DODGE & COX 12281598 F FPA CRESCENT FUND 22684186 F 58771032 FUNDS HELD IN TRUST LIABILITY - CURRENT 124680 FUNDS HELD IN TRUST LIABILITY - NONCURRENT 1650108 1774788 28423349 1098400 280375 1378775 27044574 0 27044574 27207988 1158488 1158488 26049500 0 26049500 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 280,375. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 280,375. UNCOLLECTIBLE PLEDGES 878,113. PART V, LINE 4: THE FOUNDATION RECEIVES DONATIONS RESTRICTED TO ENDOWMENT BY DONORS. SUCH DONATIONS ARE INVESTED IN ACCORDANCE WITH THE FOUNDATION'S INVESTMENT POLICY. THE ENDOWMENT PORTFOLIO IS COMPRISED OF A BLEND OF INVESTMENTS AND IS PROFESSIONALLY MANAGED. THE FINANCE AND INVESTMENT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE INVESTMENT PORTFOLIO, MONITORING PERFORMANCE OF THE INVESTMENTS AND APPROVING NEW FUND MANAGERS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AS A NONPROFIT ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. FORM 990, FILED BY THE FOUNDATION, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2016. CAYMAN ISLANDS INVESTMENTS 843525 0 0 0 0 0 0 843525 0 843525 1 0 0 1 0 0 INSPIRATION TO INNOVATION GALA 185694 15194 170500 0 0 12588 101850 0 44220 MTI BANQUET 83550 0 83550 0 0 2420 18726 300 1776 5 160331 29680 130651 275 448 56886 12691 28196 429575 44874 384701 275 448 71894 133267 300 74192 280376 104325 1 SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95912 770414438 5473817 SCHOLARSHIPS AND REIMBURSED SALARIES AND BENEFITS CSU MONTEREY BAY 100 CAMPUS CENTER SEASIDE CA 93955 22300 SCHOLARSHIPS 0 2 SCHOLARSHIPS 2 1375 PART I, LINE 2: THE TOWER FOUNDATION FUNDS SCHOLARSHIPS THAT ARE AWARDED TO STUDENTS OF SAN JOSE STATE UNIVERSITY (SJSU). THE SCHOLARSHIPS ARE DIRECTED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND ITS ATHLETICS DEPARTMENT, WHICH EVALUATE APPLICANTS TO ENSURE THEY MEET THE CRITERIA STIPULATED BY THE DONOR. THE AMOUNT OF SCHOLARSHIPS AWARDED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND FUNDED BY THE TOWER FOUNDATION WAS $3,401,957. ADDITIONALLY, THE TOWER FOUNDATION REIMBURSES SJSU FOR CERTAIN SALARIES AND BENEFITS PAID TO UNIVERSITY PERSONNEL. THE AMOUNT OF FUNDS GRANTED TO SJSU FOR THIS PURPOSE DURING THE FISCAL YEAR REPORTED ON THIS RETURN WAS $2,071,860. X X 1 1 0 0 0 0 0 0 0 0 0 MARY PAPAZIAN EX OFFICIO, PRESIDENT 0 380803 0 0 0 14232 0 111025 0 26912 0 532972 0 0 PAUL LANNING UNTIL APRIL'19 CEO 0 246793 0 0 0 1338 0 71710 0 18905 0 338746 0 0 RAVISHA MATHUR EX OFFICIO 0 107329 0 0 0 0 0 31563 0 25880 0 164772 0 0 LESLIE ROHN SECRETARY & COO 0 156335 0 0 0 396 0 46176 0 12176 0 215083 0 0 BRENT BRENNAN HEAD COACH, FOOTBALL 304356 285193 0 0 0 1290 0 82788 0 24929 304356 394200 0 0 MARIE TUITE ATHLETICS DIRECTOR 106080 246827 77500 0 0 1962 0 71532 0 17780 183580 338101 0 0 JEAN PRIOLEAU HEAD COACH, BASKETBALL 123360 278196 0 0 0 1290 0 80770 0 24929 123360 385185 0 0 DERRICK ODUM ASSISTANT COACH, FOOTBALL 104136 207589 0 0 0 1290 0 60411 0 24929 104136 294219 0 0 PART I, LINE 3: THE ORGANIZATION'S CEO IS COMPENSATED BY SAN JOSE STATE UNIVERSITY (SJSU), A RELATED ORGANIZATION. SJSU ESTABLISHES THE COMPENSATION OF THE ORGANIZATION'S CEO BASED ON GUIDELINES OF THE UNIVERSITY AND THROUGH THE USE OF A COMPENSATION SURVEY OR STUDY. X 23 653335 STOCK MARKET QUOTES 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS ON SCHEDULE M, PART I, COLUMN (B). FORM 990, PART V, QUESTION 7H TOWER FOUNDATION (ORGANIZATION") IS AN AUXILIARY ORGANIZATION, AS DEFINED IN SECTION 89901(D) OF THE CALIFORNIA EDUCATION CODE OF SAN JOSE STATE UNIVERSITY ("UNIVERSITY"). IT ACTS AS AN AGENT OF THE UNIVERSITY WHEN RECEIVING OUTSIDE NON-CASH DONATIONS ON BEHALF OF THE UNIVERSITY, MAILING OUT ACKNOWLEDGEMENT LETTERS, AND FILING ALL NECESSARY GOVERNMENT FORMS. AS SUCH, THE ORGANIZATION DOES NOT RECORD THE NON-CASH DONATIONS IN ITS BOOKS AS THESE ARE IMMEDIATELY TRANSFERRED TO THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE SAN JOSE STATE UNIVERSITY PRESIDENT WHO IS A BOARD DIRECTOR OF THE FOUNDATION HAS THE SOLE AUTHORITY TO APPOINT THE BOARD MEMBERS FOR THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE TOWER FOUNDATION'S AUDIT COMMITTEE REVIEWS THE 990 FORM IN DETAIL WITH TOWER MANAGEMENT. THE 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. MINUTES KEPT FOR THE AUDIT COMMITTEE AND BOARD OF DIRECTORS DOCUMENT THE PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND RELATED DISCLOSURE STATEMENT IS REVIEWED ON AN ANNUAL BASIS AT THE TOWER FOUNDATION AUDIT COMMITTEE MEETING IN SEPTEMBER. THE COMMITTEE RECOMMENDS ANY CHANGE TO THE POLICY AND DISCLOSURE FORM. THIS POLICY AND THE DISCLOSURE FORM ARE THEN PRESENTED AT THE DECEMBER MEETING TO TOWER BOARD MEMBERS. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE THE DISCLOSURE FORM AND THE FORMS ARE COLLECTED BY TOWER MANAGEMENT. IF THERE ARE ANY DISCLOSED CONFLICTS, THEY ARE ADDRESSED AT THE SUBSEQUENT AUDIT COMMITTEE MEETING AND PRESENTED TO THE BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES ARE GENERALLY COMPENSATED BY SAN JOSE STATE UNIVERSITY, A RELATED ORGANIZATION OF THE TOWER FOUNDATION. THEREFORE, THE TOWER FOUNDATION HAS NOT ESTABLISHED COMPENSATION POLICIES FOR THESE INDIVIDUALS. HOWEVER, SAN JOSE STATE UNIVERSITY DETERMINES COMPENSATION FOR THE TOWER FOUNDATION'S CEO, OFFICERS AND KEY EMPLOYEES BASED ON REVIEW AND APPROVAL BY INDEPENDENT PERSONS AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D: CSU POLICY REQUIRES THAT STIPEND PAYMENTS BY AN AUXILIARY TO A CSU EMPLOYEE BE MADE THROUGH THE AUXILIARY'S PAYROLL. ACCORDINGLY, SOME PAYMENTS MADE TO UNIVERSITY EMPLOYEES ON BEHALF OF SJSU ARE REFLECTED AS COMPENSATION FROM THE TOWER FOUNDATION ON FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D. FORM 990, PART XI, LINE 9: UNCOLLECTED PLEDGES -878,113. ROUNDING FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. SJSU TOWER REAL ESTATE FUND LLC ONE WASHINGTON SQUARE CLARK HALL SAN JOSE CA 951920183 999999999 REAL ESTATE MANAGEMENT CA 0 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY HILO PRJECT LLC ONE WASHINGTON SQUARE SAN JOSE CA 951920183 263694655 HOUSING INVESTMENT HI 0 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 951920183 770414438 STATE UNIVERSITY CA 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 SAN JOSE STATE UNIVERSITY B 5473817 FMV SAN JOSE STATE UNIVERSITY L 0 SAN JOSE STATE UNIVERSITY N 0 SAN JOSE STATE UNIVERSITY P 855761 FMV SAN JOSE STATE UNIVERSITY Q 124545 FMV SAN JOSE STATE UNIVERSITY R 272357 FMV SAN JOSE STATE UNIVERSITY S 577237 FMV