2020-05-13T14:17:40-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 125 BAYLIS ROAD SUITE 300 MELVILLE NY 11747 990 2018-07-01 111904329 THE BROOKLYN COLLEGE FOUNDATION INC BROO 7189515778 2900 BEDFORD AVE INGERSOLL HALL BROOKLYN NY 11210 ANTE BASIC TREASURER 7189515778 2020-03-10 1 ELLEN M LABITA CPA P00140777 6317527400 X 148.75.192.64 2020-03-10 14:49:16 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 45D50D8E3994CEF8BF8842BFE43A81B55B26F885 2018 2021-01-29 14:40:06Z ANTE BASIC 2900 BEDFORD AVE INGERSOLL HALL BROOKLYN NY 11210 21476086 0 X WWW.BROOKLYNCOLLEGEFOUNDATION.ORG X 1958 NY TO ASSIST BROOKLYN COLLEGE BY DEVELOPING AN ONGOING & INCREASING SUPPORT BASE FROM COLLEGE ALUMNI. 36 36 41 36 18000 22338 6338493 9910352 0 0 3672483 3064589 4099 2419 10015075 12977360 4949847 4477383 0 0 1284030 1378515 80553 79469 1379970 1156001 1246683 7470431 7182050 2544644 5795310 95178289 101636730 2768811 2731518 92409478 98905212 X TO GENERATE, ENCOURAGE AND PROMOTE THE EDUCATIONAL PURPOSES OF BROOKLYN COLLEGE OF THE CITY UNIVERSITY OF NEW YORK AND THE EDUCATIONAL WELFARE OF ITS STUDENTS IN THEIR RELATIONS WITH EACH OTHER, THE MEMBERS OF THE FACULTY, THE ALUMNI AND THE COMMUNITY, AND TO THESE ENDS, AND FOR NO OTHER PURPOSES, TO PERFORM ANY AND ALL OF THE FOLLOWING:A. TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, PRIZES, AND OTHER ASSISTANCE TO WORTHY STUDENTS AND GRADUATES OF SAID COLLEGE FOR AND ON ACCOUNT OF UNDERGRADUATE AND GRADUATE STUDIES.B. TO PROVIDE AWARDS AND PRIZES TO BROOKLYN COLLEGE STUDENTS ALUMNI FACULTY MEMBERS, STAFF MEMBERS, OR OTHER PERSONS FOR OUTSTANDING ACHIEVEMENTS OR SERVICES TO THE COLLEGE, THE COMMUNITY, OR TO THE FURTHERANCE OF HIGHER EDUCATION GENERALLY.C. TO CONTRIBUTE FUNDS FOR THE LIBRARY, THE ACADEMIC DEPARTMENTS, AND THE ADMINISTRATION OF SAID COLLEGE, THE ESTABLISHMENT, MAINTENANCE, BUILDING IMPROVEMENT, OPERATION, AND SUPPORT OF RECREATIONAL ROOMS, PLACES, AND BUILDING. 0 0 4997038 4477383 IN FY19, THE FOUNDATION GRANTED $5 MILLION TO THE COLLEGE. THIS INCLUDES $2.5 MILLION AWARDED TO 1,600+ STUDENTS IN THE FORM OF SCHOLARSHIPS, AWARDS, TRAVEL GRANTS, INTERNSHIPS, FELLOWSHIPS AND EMERGENCY GRANTS; MORE THAN $500,000 IN THE FORM OF PROFESSORSHIPS, CHAIRS, TRAVEL AWARDS, LECTURESHIPS, AND PROFESSIONAL DEVELOPMENT SUPPORT FOR FACULTY. 4997038 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 402 0 41 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AR CA DE FL GA HI ID IL IN KS KY MD MA MT NE NJ NY OR RI SC TN UT VA WV CT IA LA ME MI MN NV OK SD VT WI WY DC X X BEATRICE GILLING RAYNOR 7189515778 2900 BEDFORD AVE INGERSOLL HALL BROOKLYN NY 11210 X EVAN SILVERSTEIN CHAIR 2.00 0.00 X X 0 0 0 MARTIN D SASS VICE-CHAIR 2.00 0.00 X X 0 0 0 ANTE BASIC TREASURER 2.00 0.00 X X 0 0 0 CAROL L ZICKLIN SECRETARY 2.00 0.00 X X 0 0 0 MICHELLE J ANDERSON BOARD MEMBER 0.50 0.00 X 0 0 0 SAMUEL E BELLER BOARD MEMBER 1.00 0.00 X 0 0 0 SARAH BENSON BOARD MEMBER 0.75 0.00 X 0 0 0 DORIS BIEN-AIME BOARD MEMBER 0.50 0.00 X 0 0 0 KIMBERLEY PHILLIPS BOEHM BOARD MEMBER 0.50 0.00 X 0 0 0 DON BUCHWALD BOARD MEMBER 0.50 0.00 X 0 0 0 ANTHONY CASTELLANOS BOARD MEMBER 1.00 0.00 X 0 0 0 EDWIN H COHEN BOARD MEMBER 0.75 0.00 X 0 0 0 CELIA COSTAS BOARD MEMBER 0.50 0.00 X 0 0 0 IRWIN FEDERMAN BOARD MEMBER 0.50 0.00 X 0 0 0 BERNARD H GARIL BOARD MEMBER 0.75 0.00 X 0 0 0 JULES HAIMOVITZ BOARD MEMBER 0.50 0.00 X 0 0 0 SCOTT HERMAN BOARD MEMBER 0.75 0.00 X 0 0 0 MYRON I KANDEL BOARD MEMBER 1.00 0.00 X 0 0 0 STUART KESSLER BOARD MEMBER 0.75 0.00 X 0 0 0 MURRAY KOPPELMAN BOARD MEMBER 0.50 0.00 X 0 0 0 DONALD KRAMER BOARD MEMBER 0.50 0.00 X 0 0 0 LEONARD M KURZ BOARD MEMBER 0.50 0.00 X 0 0 0 STELLA LAGUDIS BOARD MEMBER 0.75 0.00 X 0 0 0 LORRAINE LAIGHOLD BOARD MEMBER 0.75 0.00 X 0 0 0 FRANK LAVADERA BOARD MEMBER 0.75 0.00 X 0 0 0 DON LEMON BOARD MEMBER 0.50 0.00 X 0 0 0 MARGE MAGNER BOARD MEMBER 1.00 0.00 X 0 0 0 DANIEL MENENDEZ BOARD MEMBER 0.75 0.00 X 0 0 0 HARVEY PITT BOARD MEMBER 0.50 0.00 X 0 0 0 FLORENCE COHEN ROSEN BOARD MEMBER 0.75 0.00 X 0 0 0 ZEV ROSENWAKS BOARD MEMBER 0.50 0.00 X 0 0 0 LEONARD TOW BOARD MEMBER 0.50 0.00 X 0 0 0 PAWEL WALCZUK BOARD MEMBER 0.75 0.00 X 0 0 0 JOANNE WALDSTREICHER BOARD MEMBER 0.75 0.00 X 0 0 0 ELLA J WEISS BOARD MEMBER 0.75 0.00 X 0 0 0 RICHARD A WILPON BOARD MEMBER 0.50 0.00 X 0 0 0 TODD MICHAEL GALITZ EXECUTIVE DIRECTOR 22.80 0.00 X 0 0 0 ALAN GILBERT CHIEF FINANCIAL OFFICER 7.00 0.00 X 0 0 0 0 0 0 0 0 0 0 MARKETING COMMUNICATION RESOURCE INC 4800 EAST 345TH STREET WILLOUGHBY OH 44094 PRINT & MAIL 276574 WILSON-BENNETT TECHNOLOGY INC PO BOX 717 CABOT AR 72023 TELEMARKETING 104747 RV KUHNS & ASSOCIATES INC PO BOX 3460 PORTLAND OR 972083460 INVESTMENT CONSULTING 100846 3 3007 9907345 130161 9910352 1055861 18000 1037861 10507454 8498726 2008728 2008728 2008728 0 3007 0 0 MISCELLANEOUS 900099 2419 2419 2419 12977360 0 18000 3049008 4477383 4477383 1044932 341935 702997 84689 26960 57729 169037 79014 90023 79857 26373 53484 18164 18164 46720 46720 79469 79469 70221 70221 159844 92212 67632 4004 3909 95 318528 54026 37628 226874 137190 124745 12445 193196 146563 46633 37766 37766 SUPPLIES 188729 178833 9516 380 MISCELLANEOUS 60742 18533 42209 MAINTENANCE AND REPAIRS 11579 11579 7182050 4997038 805042 1379970 137963 133496 4158807 2817505 3483539 2497677 13953 8394 59713831 64056245 26355205 30782650 1314991 1340763 95178289 101636730 2147989 2137629 620822 593889 2768811 2731518 X 2187398 3026502 58757770 58314782 31464310 37563928 92409478 98905212 95178289 101636730 X 5795310 718230 -17806 X 0 1 X 1 0 X 15183130 10215306 3580523 6338493 9910352 45227804 15183130 10215306 3580523 6338493 9910352 45227804 14357829 30869975 818567 834042 1021012 788971 1037861 4500453 24370 30000 20000 52000 18000 144370 13549 614 4637 1014 2419 22233 49894860 0.61870 0.62650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 13,549. 2015 AMOUNT: $ 614. 2016 AMOUNT: $ 4,637. 2017 AMOUNT: $ 1,014. 2018 AMOUNT: $ 2,419. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36632726 4593786 3025792 945865 43306439 35911677 428956 1302722 1010629 36632726 34769928 624324 1431414 913989 35911677 32880747 1684715 1149155 944688 34769928 30459851 2004475 1117374 700953 32880747 0.00000 0.87000 0.13000 0 0 0 LIMITED LIABILITIY PARTNERSHIPS 4858222 F LIMITED LIABILITY COMPANY 6721995 F HEDGE FUNDS 19202433 F 30782650 ANNUITY OBLIGATIONS 593889 593889 X 14654604 718230 1047041 1765271 12889333 70221 17806 88027 12977360 8158870 1047041 1047041 7111829 70221 70221 7182050 PART V, LINE 4: BROOKLYN COLLEGE FOUNDATION'S ENDOWMENT FUNDS ARE ESTABLISHED TO PROVIDE (I) SCHOLARSHIPS, FELLOWSHIPS PRIZES, AND OTHER ASSISTANCE TO STUDENTS OF BROOKLYN COLLEGE; (II) AWARDS, PRIZES, AND SUBVENTIONS TO BROOKLYN COLLEGE FACULTY AND STAFF OR OTHER PERSON'S FOR OUTSTANDING ACHIEVEMENTS OR SERVICES TO BROOKLYN COLLEGE, (III) FUNDS FOR THE LIBRARY, ACADEMIC DEPARTMENTS, AND FOR THE ADMINISTRATION OF BROOKLYN COLLEGE, (IV) SUPPORT FOR THE ESTABLISHMENT, MAINTENANCE, BUILDING IMPROVEMENT, OPERATION, AND SUPPORT OF RECREATIONAL ROOMS, PLACES, AND BUILDINGS OF BROOKLYN COLLEGE, AND (V) SUPPORT FOR THE FUNCTIONING AND OPERATION OF THE CURRICULAR AND EXTRA-CURRICULAR ACTIVITIES OF BROOKLYN COLLEGE AND ITS RELATED AND ASSOCIATED AGENCIES. PART X, LINE 2: MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FASB ASC NO. 740. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 43,578. CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST -43,573. CHANGE IN VALUE OF BENEFICIAL INTEREST IN LIFE INSURANCE 17,801. CAYMAN ISLANDS 0 0 INVESTMENTS 15085242 BRITISH VIRGIN ISLANDS 0 0 INVESTMENTS 3204844 0 0 0 0 0 0 18290086 0 18290086 0 0 1 1 1 0 X X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC PO BOX 717 CABOT AR 72023 TELEMARKETING 0 141710 79469 62241 141710 79469 62241 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC 1 BROOKLYN COLLEGE 2900 BEDFORD AVENUE BROOKLYN NY 11210 133893536 4408883 68500 APPRAISAL TRANSFER OF ART WORK AND COLLECTIONS AND EQUIPMENT SCHOLARSHIPS, PROFESSORSHIPS, DEPARTMENTAL SUPPORT 1 0 PART I, LINE 2: THE BROOKLYN COLLEGE FOUNDATION MAINTAINS ALL RESTRICTED FUND AGREEMENTS DESCRIBING THE PURPOSE AND INTENT OF EACH GIFT IT MANAGES. ANY TIME AUTHORIZED PERSONNEL (E.G., SCHOLARSHIPS OFFICE OR ACADEMIC DEPARTMENTS) WANT TO EXPEND MONEY FROM RESTRICTED FUNDS, THEY MUST SUBMIT A PAYMENT REQUEST FORM DETAILING THE PURPOSE OF THE EXPENDITURE FOR THE BROOKLYN COLLEGE FOUNDATION'S REVIEW AND APPROVAL. ALL PAYMENT REQUESTS MUST BE ACCOMPANIED BY ORIGINAL COPIES OF ALL INVOICES/RECEIPTS ASSOCIATED WITH THE EXPENSE. IF THE EXPENDITURE IS IN LINE WITH THE PURPOSE OF THE GIFT, THE BROOKLYN COLLEGE FOUNDATION WILL APPROVE PAYMENT FROM THE GRANT ACCOUNT. IF THE EXPENDITURE IS NOT IN LINE WITH THE PURPOSE OF THE GIFT, THE BROOKLYN COLLEGE FOUNDATION WILL NOT APPROVE PAYMENT. X 1 33500 APPRAISAL X 8 543166 NYSE X MATERIALS & OTHER 1 61661 COST X EQUIPMENT - PIANO 1 35000 APPRAISAL 2 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT COPY OF THE 990 WAS REVIEWED INTERNALLY. IT IS THEN DISCUSSED WITH THE AUDITORS BY THE AUDIT COMMITTEE. THE AUDIT AND FINANCE COMMITTEE BEARS RESPONSIBILITY FOR REVIEW OF THE DOCUMENT. A RECOMMENDATION IS THEN MADE TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR APPROVAL OF THE DOCUMENT FOR SUBMISSION. THE FINAL COPY OF 990 WAS DISTRIBUTED TO THE BOARD PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE ORGANIZATION REQUIRES ALL BOARD TRUSTEES TO REVIEW THE CONFLICT OF INTEREST POLICY DISCLOSE IF APPLICABLE AND ATTEST TO THE VERACITY OF THAT DISCLOSURE WITH A SIGNATURE. IF AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY CIRCUMSTANCES THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. IF A CONFLICT EXISTS THE PERSON IS RECUSED FROM VOTING ON SAID MOTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL DOCUMENTS ARE REGULARLY POSTED ON THE BROOKLYN COLLEGE FOUNDATION WEBSITE AT BROOKLYNCOLLEGEFOUNDATION.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -43,578. CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST 43,573. CHANGE IN VALUE OF BENEFICIAL INTEREST IN LIFE INSURANCE -17,801.