2020-07-01T14:29:53-05:00 2019-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2018-07-01 056014351 UNIVERSITY OF RHODE ISLAND FOUNDATION UNIV 4018747900 79 UPPER COLLEGE ROAD KINGSTON RI 02881 ADAM QUINLAN CFO 4018744490 2020-07-01 1 PATRICK J MARTIN P00283486 4012742001 2020-07-01 38.111.239.2 2020-07-01 13:52:13 ED P 4307CEFB529B85E6F11DB4DA0F09880548EE4425 5299D22B83869423E3947B8F662E653B5D846AF0 2018 2021-01-29 14:40:06Z ADAM QUINLAN 79 UPPER COLLEGE ROAD KINGSTON RI 02881 72496031 0 X WWW.URIFOUNDATION.ORG X 1957 RI TO INSPIRE AND STEWARD PHILANTHROPIC SUPPORT BENEFITTING THE UNIVERSITY OF RHODE ISLAND. 123 123 68 97 0 0 26257064 24685952 6076229 6813517 9165971 5033868 0 0 41499264 36533337 14794167 18883932 0 0 5985742 6719861 0 0 6767993 2393629 2540931 23173538 28144724 18325726 8388613 198031857 210451164 3362705 6613402 194669152 203837762 X TO INSPIRE AND STEWARD PHILANTHROPIC SUPPORT BENEFITTING THE UNIVERSITY OF RHODE ISLAND. 0 0 4606177 4606177 1661956 BUILDING AND EQUIPMENT, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT BUILDING AND EQUIPMENT INITIATIVES THROUGH THE UNIVERSITY CAMPUS. 5612732 5612732 2025131 PROGRAM SERVICES, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT ACADEMIC PROGRAMS THROUGH THE UNIVERSITY. EXPENDITURES ARE PAID BY THE UNIVERSITY USING FOUNDATION FUNDS. PRIOR TO THE FOUNDATION FUNDING EXPENDITURES, THE UNIVERSITY PROVIDES DOCUMENTATION TO THE FOUNDATION TO ENSURE EXPENDITURES ALIGN WITH DONOR INTENDED PURPOSE. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. 2284743 2284743 824359 SCHOLARSHIPS, AWARDS AND FELLOWSHIPS, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO THE SUPPORT OF FINANCIAL AID FOR UNIVERSITY STUDENTS. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY, FEDERAL AND STATE FINANCIAL AID REQUIREMENTS, THE UNIVERSITY SELECTS THE STUDENT RECIPIENT AND MAKES THE AWARDS DIRECTLY TO STUDENTS. THE FOUNDATION PROVIDES FUNDS TO THE UNIVERSITY FOR THE FINANCIAL AID EXPENDITURES. 4823155 4823155 1740244 OTHER PROGRAM SERVICES, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT NUMEROUS PROGRAMS SUCH AS OUTREACH PROGRAMS, RESEARCH, ATHLETIC, VISITING LECTURERS, FACULTY CHAIRS, LIBRARY AND ADMINISTRATIVE SUPPORT. 1557125 1557125 561827 ALUMNI PROGRAMS, THE UNIVERSITY OF RHODE ISLAND FOUNDATION PROVIDES SOME OF ITS ANNUAL SUPPORT FROM THE UNIVERSITY TO THE UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION TO FUND ALUMNI PROGRAMS AND SUPPORT ORGANIZATIONAL NEEDS. 6380280 6380280 2302071 18883932 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 14 0 68 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 123 123 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 RI X X ADAM QUINLAN 4018744490 79 UPPER COLLEGE ROAD KINGSTON RI 02881 THOMAS M RYAN EXEC BOARD CHAIR 8.00 X X 0 0 0 PAUL M COFONI EXEC BOARD VICE CHAIR 4.00 X X 0 0 0 ALFRED J VERRECCHIA EXEC BOARD VICE CHAIR 4.00 X X 0 0 0 RAYMOND M WILLIAMS EXEC BOARD VICE CHAIR 4.00 X X 0 0 0 MARK P CHARRON EXEC BOARD TREASURER 6.00 X X 0 0 0 WENDY FIELD EXEC BOARD SECRETARY 4.00 X X 0 0 0 GERALDINE M BARBER EXECUTIVE BOARD 2.00 X 0 0 0 MARGO L COOK EXECUTIVE BOARD 2.00 X 0 0 0 MICHAEL D FASCITELLI EXECUTIVE BOARD 2.00 X 0 0 0 DEBORAH A IMONDI EXECUTIVE BOARD 2.00 X 0 0 0 CHARLES H WHARTON EXECUTIVE BOARD 2.00 X 0 0 0 LAUREEN L WHITE EXECUTIVE BOARD 2.00 X 0 0 0 REP MARVIN L ABNEY BOARD MEMBER 2.00 X 0 0 0 LORNE A ADRAIN BOARD MEMBER 2.00 X 0 0 0 DEA T BELAZI BOARD MEMBER 2.00 X 0 0 0 MICHAEL F BRANDMEIER BOARD MEMBER 2.00 X 0 0 0 DIANE CHASE FANNON BOARD MEMBER 2.00 X 0 0 0 EDWARD B DEUTSCH BOARD MEMBER 2.00 X 0 0 0 PHILLIP KYDD BOARD MEMBER 2.00 X 0 0 0 DR MARGARET S LEINEN BOARD MEMBER 2.00 X 0 0 0 FREDERICK J NEWTON III BOARD MEMBER 2.00 X 0 0 0 JOSEPH E O'NEIL BOARD MEMBER 2.00 X 0 0 0 NANCY R PFEIFFER BOARD MEMBER 2.00 X 0 0 0 RUSSELL RUEFF BOARD MEMBER 2.00 X 0 0 0 DR CYNTHIA D SCULCO BOARD MEMBER 2.00 X 0 0 0 DIANE SULLIVAN BOARD MEMBER 2.00 X 0 0 0 ROBERT K VINCENT BOARD MEMBER 2.00 X 0 0 0 LISA A AHART TRUSTEE 1.00 X 0 0 0 LINDA A ANDERSON TRUSTEE 1.00 X 0 0 0 BANICE CARL BAZAR TRUSTEE 1.00 X 0 0 0 GEORGE J BEDARD TRUSTEE 1.00 X 0 0 0 BRADFORD REED BOSS TRUSTEE 1.00 X 0 0 0 EDWARD W BOUCLIN JR TRUSTEE 1.00 X 0 0 0 JOHN J BROUGH JR TRUSTEE 1.00 X 0 0 0 DAVID J BUCKANAVAGE TRUSTEE 1.00 X 0 0 0 JEFFREY R CAMMANS TRUSTEE 1.00 X 0 0 0 SCOTT A CAMPBELL TRUSTEE 1.00 X 0 0 0 ANNA CANO-MORALES TRUSTEE 1.00 X 0 0 0 WESLEY R CARD TRUSTEE 1.00 X 0 0 0 MARY F CARMODY TRUSTEE 1.00 X 0 0 0 FRANK N CARUSO TRUSTEE 1.00 X 0 0 0 THOMAS M CATALDO TRUSTEE 1.00 X 0 0 0 THOMAS D CERIO III TRUSTEE 1.00 X 0 0 0 SHANNON E CHANDLEY TRUSTEE 1.00 X 0 0 0 EDMUND D CIANCIARULO JR TRUSTEE 1.00 X 0 0 0 JOSEPH M CONFESSORE TRUSTEE 1.00 X 0 0 0 ROBERT L CONSIDINE TRUSTEE 1.00 X 0 0 0 DR WILLIAM CROASDALE III TRUSTEE 1.00 X 0 0 0 LAURA H CUNNINGHAM TRUSTEE 1.00 X 0 0 0 STEPHEN M CUNNINGHAM TRUSTEE 1.00 X 0 0 0 DR MARIE C DIBIASIO TRUSTEE 1.00 X 0 0 0 DENNIS J DUFFY TRUSTEE 1.00 X 0 0 0 KATHLEEN Y DUFFY TRUSTEE 1.00 X 0 0 0 MARY S EDDY TRUSTEE 1.00 X 0 0 0 DR KARINA M EDMONDS TRUSTEE 1.00 X 0 0 0 WILLIAM H EIGEN III TRUSTEE 1.00 X 0 0 0 ESTHER EMARD TRUSTEE 1.00 X 0 0 0 ALAN SHAWN FEINSTEIN TRUSTEE 1.00 X 0 0 0 JOSEPH G FORMICOLA JR TRUSTEE 1.00 X 0 0 0 JAMES C FORTE TRUSTEE 1.00 X 0 0 0 BARRY M GERTZ TRUSTEE 1.00 X 0 0 0 MARY A GRAY TRUSTEE 1.00 X 0 0 0 HON WILLIAM R GUGLIETTA TRUSTEE 1.00 X 0 0 0 AUDREY B HALLBERG TRUSTEE 1.00 X 0 0 0 RICHARD J HARRINGTON TRUSTEE 1.00 X 0 0 0 ALAN G HASSENFELD TRUSTEE 1.00 X 0 0 0 MANOOG T HEDITSIAN TRUSTEE (UP TO 7/18) 1.00 X 0 0 0 MARY D HIGGINS TRUSTEE 1.00 X 0 0 0 ANN S HITCHEN TRUSTEE 1.00 X 0 0 0 DR JAMES E HITCHEN JR TRUSTEE 1.00 X 0 0 0 ANDREA M HOPKINS TRUSTEE 1.00 X 0 0 0 JAMES A HOPKINS TRUSTEE 1.00 X 0 0 0 SAUL KAPLAN TRUSTEE 1.00 X 0 0 0 CAROLINE TENNANT KAULL TRUSTEE 1.00 X 0 0 0 DONALD N KAULL TRUSTEE 1.00 X 0 0 0 KENNETH N KERMES TRUSTEE 1.00 X 0 0 0 DR HEIDI KIRK-DUFFY TRUSTEE 1.00 X 0 0 0 KENNETH E KNOX TRUSTEE 1.00 X 0 0 0 PETER F KOHLSAAT TRUSTEE 1.00 X 0 0 0 DAVID B LEA JR TRUSTEE 1.00 X 0 0 0 MATTHEW J LEONARD TRUSTEE 1.00 X 0 0 0 JAMES W LESLIE TRUSTEE 1.00 X 0 0 0 DR RAYMOND LUNDGREN JR TRUSTEE 1.00 X 0 0 0 DR MARY P LYONS TRUSTEE 1.00 X 0 0 0 MARY D MAGEE TRUSTEE 1.00 X 0 0 0 LEO MAINELLI TRUSTEE 1.00 X 0 0 0 CAROL J MAKOVICH TRUSTEE 1.00 X 0 0 0 DAVID J MARTIRANO TRUSTEE 1.00 X 0 0 0 RAYMOND M MATHIEU TRUSTEE 1.00 X 0 0 0 SANDY S MCCREIGHT TRUSTEE 1.00 X 0 0 0 MICHAEL MCNALLY TRUSTEE 1.00 X 0 0 0 PETER J MINIATI III TRUSTEE 1.00 X 0 0 0 FRANCESCO P MORSILLI TRUSTEE 1.00 X 0 0 0 BLANCHE R MURRAY TRUSTEE (UP TO 9/18) 1.00 X 0 0 0 HENRY J NARDONE SR TRUSTEE 1.00 X 0 0 0 NATHANIEL NAZARETH SR TRUSTEE 1.00 X 0 0 0 DR MICHAEL A NULA TRUSTEE 1.00 X 0 0 0 JACK M PARENTE TRUSTEE 1.00 X 0 0 0 LOUISE R PEARSON TRUSTEE 1.00 X 0 0 0 CONSTANTINOS PERDIKAKIS TRUSTEE 1.00 X 0 0 0 ROBERT J PETISI TRUSTEE 1.00 X 0 0 0 YAHAIRA PLACENCIA TRUSTEE 1.00 X 0 0 0 H DOUGLAS RANDALL III TRUSTEE 1.00 X 0 0 0 PERRY A RASO TRUSTEE 1.00 X 0 0 0 H MILTON READ JR TRUSTEE (UP TO 9/18) 1.00 X 0 0 0 EDGAR ALLAN REED TRUSTEE 1.00 X 0 0 0 RICHARD D RENDINE TRUSTEE 1.00 X 0 0 0 ERIC D ROITER TRUSTEE 1.00 X 0 0 0 MARK A ROSS TRUSTEE 1.00 X 0 0 0 ROBERT S RUSSELL TRUSTEE 1.00 X 0 0 0 VINCENT A SARNI TRUSTEE 1.00 X 0 0 0 PHILIP J SAULNIER TRUSTEE 1.00 X 0 0 0 THOMAS J SILVIA TRUSTEE 1.00 X 0 0 0 CHARLES S SOLOVEITZIK TRUSTEE 1.00 X 0 0 0 ANN M SPRUILL TRUSTEE 1.00 X 0 0 0 JANE M STICH TRUSTEE 1.00 X 0 0 0 JOHN S STRUCK TRUSTEE 1.00 X 0 0 0 DONALD P SULLIVAN TRUSTEE 1.00 X 0 0 0 NORMAN G TASHASH TRUSTEE 1.00 X 0 0 0 LOUISE H THORSON TRUSTEE 1.00 X 0 0 0 ALAN H WASSERMAN TRUSTEE 1.00 X 0 0 0 ROBERT A WEYGAND TRUSTEE 1.00 X 0 0 0 GREG WHITEHEAD TRUSTEE 1.00 X 0 0 0 MARIBETH Q WILLIAMSON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J WOLFE TRUSTEE 1.00 X 0 0 0 ALAN G ZARTARIAN TRUSTEE 1.00 X 0 0 0 DR DAVID DOOLEY EXECUTIVE BOARD, EX-OFFICI 1.00 40.00 X 0 383549 101425 ELIZABETH O'ROURKE PRESIDENT 40.00 X 343873 0 48113 ADAM QUINLAN CHIEF FINANCIAL OFFICER 40.00 X 160450 0 26776 WENDY BUCCI CHIEF OPERATIONS OFFICER 40.00 X 157086 0 32162 CLAIRE GADROW VICE PRESIDENT FOR DEVELOP 40.00 X 215277 0 19167 SARAH LOBDELL AVP FOR PRINCIPAL GIFTS 40.00 X 151370 0 28673 KATHARINE FLYNN EXEC. DIR. OF CORP. & FOUN 40.00 X 148134 0 40000 GARRETT WALLER ASSOC. DIR. OF DEV., ATHLE 40.00 X 128938 0 28347 AUSTIN FERRELL CHIEF MARKETING OFFICER 40.00 X 131198 0 17113 1436326 383549 341776 15 0 1 0 CAMBRIDGE & ASSOCIATES PO BOX 412015 BOSTON MA 022412015 INVESTMENT MANAGEMENT 208419 INDONESIA EDUCATION PARTNERSHIP JICIPUTAT RAYA NO 1 PONDOK PINANG JAKARTA SELATAN ID 12310 BUSINESS DEVELOPMENT 177381 2 24685952 5025260 24685952 SERVICES FOR URI & AFFILIATES 611710 6813517 6813517 6813517 2503188 2503188 38493374 35962694 2530680 2530680 2530680 36533337 6813517 0 5033868 18883932 18883932 790753 237226 553527 4401884 496972 3904912 437072 57482 379590 644656 96434 548222 445496 58108 387388 67695 61442 6253 75171 75171 72000 72000 958214 958214 138899 16055 122844 342037 99152 242885 27631 19706 7925 103232 67480 35752 88546 2136 86410 100217 100217 101053 101053 DUES & SUBSCRIPTIONS 199709 13505 186204 DONOR CULTIVATION 118417 9759 108658 CONTRIBUTIONS, SPONSORS 87000 87000 TEMP & STUDENT HELP 28447 3477 24970 32663 19210 13453 28144724 18883932 2492799 6767993 927399 4156514 14872022 8156740 18995968 15737404 549355 68944 201571 169499 3183906 1267711 2001016 1916195 160146084 179912921 338442 332947 198031857 210451164 470903 514632 730727 1348261 2161075 4750509 3362705 6613402 X 7442066 7216312 86360571 90667150 100866515 105954300 194669152 203837762 198031857 210451164 8388613 779997 0 X X 0 1 X 1 0 X 22614401 14519551 19220143 26257064 24685952 107297111 22614401 14519551 19220143 26257064 24685952 107297111 4340272 102956839 1610091 1515919 1496729 2054579 2503188 9180506 116477617 23426522 0.88390 0.93150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72000 72000 28072724 28144724 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 72000 72000 72000 72000 288000 250000 250000 250000 250000 1000000 1500000 PART 11-A, LINE 1B, LOBBYING ACTIVITIES: THE FOUNDATION HAS HIRED PANNONE, LOPES, DEVEREAUX & WEST, LLC TO REPRESENT ITS INTEREST IN MATTERS BEFORE THE RHODE ISLAND GENERAL ASSEMBLY. 160055185 8191813 3952336 7422693 164776641 145563238 11036879 9258160 5803092 160055185 124629374 13172492 14824821 7063449 145563238 131655326 4491952 -5830538 5687366 124629374 132234176 5077932 -501285 5155497 131655326 0.01520 0.64300 0.34180 1 0 2849237 1069559 1779678 334669 198152 136517 1916195 DUE TO RELATED ORGANIZATIONS 3193436 DUE TO URI RESEARCH FOUNDATION 1557073 4750509 X 36177936 602813 602813 35575123 958214 958214 36533337 27009326 0 27009326 958214 177184 1135398 28144724 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT NET ASSETS CONSIST OF OVER 1,500 INDIVIDUAL FUNDS THAT WERE ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENTS INCLUDE BOTH DONOR IMPOSED TEMPORARILY AND PERMANENTLY RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE FOUNDATION'S EXECUTIVE BOARD TO FUNCTION AS ENDOWMENT. THE FOUNDATION ADOPTED AN INVESTMENT POLICY FOR ENDOWMENTS WITH A LONG TERM INVESTMENT OBJECTIVE TO MAINTAIN AND GROW ITS PURCHASING POWER THROUGH EARNINGS. DURING THE PERIOD OF THIS RETURN (7/1/18-6/30/19),THE SPENDING RATE IS 5.05%. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. THE FOUNDATION ANNUALLY FILES IRS FORM 990 - (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THE FOUNDATION ALSO ANNUALLY FILES IRS FORM 990-T - EXEMPT ORGANIZATION'S BUSINESS INCOME TAX RETURN, FOR ALL OF ITS FOREIGN INVESTMENT DISCLOSURE REQUIREMENTS. THE FOUNDATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS: REDUCTION IN PAYABLE TO URI RESEARCH FOUNDATION 177,184. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 26086581 0 0 0 0 0 0 26086581 0 26086581 1 1 1 0 1 0 0 UNIVERSITY OF RHODE ISLAND GREEN HALL KINGSTON RI 02881 056000522 501(C)(3) 15898122 GENERAL SUPPORT UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION 73 UPPER COLLEGE ROAD KINGSTON RI 02881 056015936 501(C)(3) 1557125 TO SERVE THE ALUMNI OF THE UNIVERSITY OF RHODE ISLAND & PROMOTE THE INTEREST OF THE UNIVERSITY BY PROVIDING OPPORTUNITIES FOR THE PROFESSIONAL, SOCIAL AND INTELLECTUAL GROWTH OF ITS MEMBERS AND STRENGTHENING THEIR ATTACHMENT TO AND FINANCIAL SUPPORT TO THEIR ALMA MATER. UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION 73 UPPER COLLEGE ROAD KINGSTON RI 02881 056015936 501(C)(3) 1428685 TO SUPPORT THE ATHLETIC PROGRAMS AT THE UNIVERSITY OF RHODE ISLAND. 2 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH O'ROURKE PRESIDENT 337873 0 0 0 6000 0 27215 0 20898 0 391986 0 0 0 ADAM QUINLAN CHIEF FINANCIAL OFFICER 160450 0 0 0 0 0 14070 0 12706 0 187226 0 0 0 WENDY BUCCI CHIEF OPERATIONS OFFICER 157086 0 0 0 0 0 14001 0 18161 0 189248 0 0 0 CLAIRE GADROW VICE PRESIDENT FOR DEVELOP 215277 0 0 0 0 0 18360 0 807 0 234444 0 0 0 SARAH LOBDELL AVP FOR PRINCIPAL GIFTS 151370 0 0 0 0 0 13703 0 14970 0 180043 0 0 0 KATHARINE FLYNN EXEC. DIR. OF CORP. & FOUN 148134 0 0 0 0 0 13436 0 26564 0 188134 0 0 0 GARRETT WALLER ASSOC. DIR. OF DEV., ATHLE 128938 0 0 0 0 0 11807 0 16540 0 157285 0 0 0 X 2975 APPRAISAL X 68 4911877 STOCK EXCHANGE X 8 9414 COST X AUCTION/EVENT ITEMS 190 86449 DONOR STATED VALUE X EQUIPMENT 5 14545 APPRAISAL 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 CURRENTLY THE FOLLOWING TRUSTEES HAVE A FAMILY RELATIONSHIP WITH EACH OTHER: MRS. LAURA H. CUNNINGHAM AND MR. STEPHEN M. CUNNINGHAM, MRS. KATHLEEN YANITY DUFFY AND MR. DENNIS J. DUFFY, MRS. CAROLINE TENNANT KAULL AND MR. DONALD N. KAULL, MS. SHANNON CHANDLEY AND MR. TOM SILVIA, AND MS. ANN STEPHENSON HITCHEN AND DR. JAMES E. HITCHEN, JR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE MANAGEMENT IS SATISFIED WITH THE FORM, IT IS DISTRIBUTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, FOLLOWING EACH URI FOUNDATION ANNUAL MEETING OF TRUSTEES, INDIVIDUALS WILL BE ASKED TO DISCLOSE TO THE URI FOUNDATION ANY PERSONAL INTEREST WHICH HE/SHE MAY HAVE IN ANY MATTER PENDING BEFORE THE ORGANIZATION AND SHALL REFRAIN FROM PARTICIPATION IN ANY DECISION ON SUCH MATTER. ANNUALLY, THE URI FOUNDATION PRESIDENT AND EXECUTIVE COMMITTEE (OR GOVERNANCE COMMITTEE) SHALL REVIEW AND MONITOR THE ANNUAL DISCLOSURE FORMS AND BRING TO THE ATTENTION OF THE EXECUTIVE COMMITTEE ANY DISCLOSED PERSONAL OR PRIVATE INTERESTS OF CONCERN FOR REVIEW. IF THERE IS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE PERSONAL OR PRIVATE INTEREST, HAS DISCLOSED TO A THIRD PARTY A CONFIDENTIALITY, OR HAS ENGAGED IN A PROHIBITED ACTION, THE INDIVIDUAL WILL BE GIVEN THE OPPORTUNITY TO EXPLAIN. IF, AFTER HEARING THE RESPONSE, THE EXECUTIVE COMMITTEE BELIEVES A CONFLICT EXISTS, IT SHALL TAKE APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE BOARD CHAIR AND EXECUTIVE COMMITTEE CONDUCT A PERFORMANCE REVIEW AND EVALUATION OF THE PRESIDENT. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM THE FORM 990 OF SIMILAR ORGANIZATIONS. ANNUALLY THE EXECUTIVE BOARD APPROVES A SALARY RAISE POOL FOR THE YEAR AS PART OF THE ANNUAL BUDGET. THE PRESIDENT ESTABLISHES THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C AUDIT COMMITTEE THE AUDIT COMMITTEE INCLUDES THE FOLLOWING: CHARLIE WHARTON - COMMITTEE CHAIR THOMAS RYAN - EXECUTIVE COMMITTEE CHAIR GEORGE J. BEDARD JOHN J. BROUGH, JR. DONALD P. SULLIVAN UNIVERSITY OF RHODE ISLAND GREEN HALL KINGSTON RI 02881 056000522 EDUCATIONAL FACILITY RI GOVERNMENT 0 UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION 73 UPPER COLLEGE RD KINGSTON RI 02881 056015936 SUPPORT OF EDUCATIONAL FACILITY RI 501(C)(3) LINE 5 0 UNIVERSITY OF RHODE ISLAND RESEARCH FOUNDATION 75 LOWER COLLEGE RD KINGSTON RI 02881 364644408 RESEARCH FACILITY RI 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0