2020-05-12T11:12:34-05:00 2019-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 329408229 990 2018-07-01 590974739 THE UNIVERSITY OF FLORIDA FOUNDATION INC UNIV 3523925475 PO BOX 14425 GAINESVILLE FL 32604 DAVID CHRISTIE TREASURER 3523925475 2020-05-12 1 JULIANA KREUL P01204534 3217516200 68.227.37.159 2020-05-12 11:10:06 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 40AE8FA7C6A25CAECA7F57205DD94C425C84315C 2018 2021-01-29 14:40:06Z THOMAS J MITCHELL PO BOX 14425 GAINESVILLE FL 32604 183691785 0 X WWW.UFF.UFL.EDU X 1964 FL THE MISSION OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. IS TO EXCLUSIVELY SUPPORT AND ENHANCE THE UNIVERSITY OF FLORIDA, A COMPREHENSIVE LEARNING INSTITUTION BUILT ON A LAND-GRANT FOUNDATION, IN ITS MISSION OF "EXCELLENCE IN EDUCATION AND RESEARCH AND SHAPING A BETTER FUTURE FOR FLORIDA, THE NATION, AND THE WORLD," AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, BY CREATING AWARENESS, BUILDING RELATIONSHIPS, SECURING PRIVATE SUPPORT, RECOGNIZING DONORS, AND PERFORMING ALL BUSINESS-RELATED MATTERS TO ACCOMPLISH THESE PURPOSES. 26 21 335 500 -6612059 -6612059 141476848 134954475 0 0 12741369 6976362 7110108 6687157 161328325 148617994 124311850 126021072 0 0 13410014 15227609 811522 803476 14495769 19196957 13896487 157730343 155948644 3597982 -7330650 2035588587 2103290237 70078195 110654611 1965510392 1992635626 X THE MISSION OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. IS TO EXCLUSIVELY SUPPORT AND ENHANCE THE UNIVERSITY OF FLORIDA, A COMPREHENSIVE LEARNING INSTITUTION BUILT ON A LAND-GRANT FOUNDATION, IN ITS MISSION OF "EXCELLENCE IN EDUCATION AND RESEARCH AND SHAPING A BETTER FUTURE FOR FLORIDA, THE NATION, AND THE WORLD," AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, BY CREATING AWARENESS, BUILDING RELATIONSHIPS, SECURING PRIVATE SUPPORT, RECOGNIZING DONORS, AND PERFORMING ALL BUSINESS-RELATED MATTERS TO ACCOMPLISH THESE PURPOSES. 0 0 49249069 44005463 5639961 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT, IN ACCORDANCE WITH DONOR RESTRICTIONS, TO THE MANY COLLEGES, UNITS, AND PROGRAMS OF THE UNIVERSITY OF FLORIDA. 23967642 23967642 333728 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR DONOR PROVIDED FINANCIAL AID TO QUALIFIED STUDENTS. 21385687 21367897 1390 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR FACULTY AND STAFF OF THE MANY COLLEGES AND UNITS OF THE UNIVERSITY OF FLORIDA INCLUDING, BUT NOT LIMITED TO, ENDOWED CHAIRS AND PROFESSORSHIPS. 19716723 19505604 437280 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR RESEARCH FUNDING. 11661501 11661501 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR OTHER PURPOSES, INCLUDING, BUT NOT LIMITED TO, SPECIAL EVENTS, PROJECTS AND PROGRAMS WITH MULTIPLE OR BROAD PURPOSES. 5967714 5512965 93735 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA TO CONSTRUCT NEW BUILDINGS AND RENOVATE EXISTING FACILITIES TO ENHANCE THE EDUCATION EXPERIENCE OF ALL STUDENTS. 37345938 36680070 531015 131948336 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 107 0 335 1 0 0 0 0 0 1 1 1 3 0 0 0 0 0 X 26 21 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CA KY MD MI MN NH NJ NY OH OR SC UT WA WI CO DC NV ME LA MA X X DAVID CHRISTIE 3523925475 1938 W UNIVERSITY AVENUE GAINESVILLE FL 32603 X S ANDREW BANKS DIRECTOR 1.00 X 0 0 0 CAROL M BREWER DIRECTOR 1.00 X 0 0 0 SHANNON E CARBONE DIRECTOR 1.00 X 0 0 0 MICHAEL D DURHAM DIRECTOR 1.00 X 0 0 0 W KENT FUCHS DIRECTOR 1.00 41.00 X 0 1149741 252774 ELIZABETH D GADSBY DIRECTOR 1.00 X 0 0 0 JOE GLOVER DIRECTOR 1.00 40.00 X 0 591162 45240 SCOTT G HAWKINS DIRECTOR 1.00 X 0 0 0 JOSEPH HERNANDEZ DIRECTOR 1.00 X 0 0 0 RHONDA D HOLT DIRECTOR 1.00 X 0 0 0 BETH A MCCAGUE DIRECTOR 1.00 X 0 0 0 DIANE MCFARLIN DIRECTOR 1.00 40.00 X 0 290905 32029 LINDA C MCGURN DIRECTOR 1.00 X 0 0 0 MIKE V MCKEE DIRECTOR 1.00 40.00 X 0 342904 97201 JOELEN K MERKEL DIRECTOR 1.00 X 0 0 0 LOUIS H OBERNDORF DIRECTOR 1.00 X 0 0 0 M ANN O'BRIEN DIRECTOR 1.00 X 0 0 0 LINDA PARKER-HUDSON DIRECTOR 1.00 X 0 0 0 RAHUL PATEL DIRECTOR 1.00 X 0 0 0 KATHRYN S PRESSLY DIRECTOR 1.00 X 0 0 0 JON W PRITCHETT DIRECTOR 1.00 X 0 0 0 JAMES H PUGH JR DIRECTOR 1.00 X 0 0 0 SACHIO SEMMOTO DIRECTOR 1.00 X 0 0 0 DOUG SOLTIS DIRECTOR 1.00 40.00 X 0 223387 29169 RICK STAAB DIRECTOR 1.00 X 0 0 0 JODY SWANSON DIRECTOR 1.00 X 0 0 0 GALE V KING CHAIR 1.00 X 0 0 0 ANITA ZUCKER VICE-CHAIR 1.00 X 0 0 0 THOMAS J MITCHELL EXECUTIVE VICE PRESIDENT 40.00 1.00 X 782058 0 47202 DAVID M CHRISTIE TREASURER 40.00 X 209389 0 37492 KAREN RICE ASSOCIATE VP 40.00 X 242400 0 39206 SUSAN GOFFMAN SECRETARY 40.00 X 194896 0 16057 JOSEPH A MANDERNACH ASSOCIATE VP 40.00 X 268688 0 21110 RISE WILSON ASSOCIATE VP 40.00 X 216643 0 36967 MARIA MARTIN ASSISTANT VP 40.00 X 215944 0 38032 PAUL CASPERSEN ASSISTANT VP 40.00 X 215537 0 37211 MARGARET HENDRYX ASSISTANT VP 40.00 X 191528 0 34748 JON CANNON EXECUTIVE DIRECTOR 40.00 X 189498 0 37719 2726581 2598099 802157 47 0 1 0 UNIVERSITY OF FLORIDA INVESTMENT CORP 4510 NW 6TH PLACE 2ND FLOOR GAINESVILLE FL 32607 INVESTMENT MANAGEMENT 2690460 RUFFALOCODY PO BOX 3018 CEDAR RAPIDS IA 52406 PROFESSIONAL FUNDRAISERS 823636 CHARLES PERRY PARTNERS LLC 8200 NW 15TH PLACE GAINESVILLE FL 32606 CONSTRUCTION SERVICES 502593 ONE SIXTY OVER NINETY FL LLC ONE SOUTH BROAD ST PHILADELPHIA PA 19107 MARKETING SERVICES 374452 OYOVA SOFTWARE LLC 1719 PENMAN ROAD JACKSONVILLE FL 32250 TECHNOLOGY SERVICES 339000 16 38475 4700000 130216000 23000279 134954475 -371589 -6612059 6240470 2622808 2622808 410827 229764 181063 181063 181063 42176560 15418 34844027 0 7332533 15418 7347951 7347951 MISCELLANEOUS 900099 2488137 2488137 TRANSFERS FROM COMPONE 900099 953294 953294 REUNIONS AND OTHER EVE 900099 441855 441855 3883286 148617994 6506094 -6612059 13769484 126021072 126021072 1715991 454223 1261768 7977740 1643605 6334135 1200640 1200640 4330552 2625376 1705176 2686 2686 238733 2728 235536 469 202543 202543 803476 803476 3487710 3487710 2011636 538717 1051629 421290 33710 2555 31155 2413093 1164969 283784 964340 253956 211683 42273 113451 3040 68588 41823 1189351 9977 78713 1100661 1460361 133229 82274 1244858 82181 82181 852360 148910 644642 58808 230729 14871 215858 ENTERTAINMENT 418582 13910 404672 REPAIRS & MAINTENANCE 407897 406924 973 MISCELLANEOUS 316236 217305 19039 79892 DUES & SUBSCRIPTIONS 183958 123627 60331 155948644 131948336 9504539 14495769 7937421 6668831 10888613 16054645 136770957 74117143 873413 1428154 26504 0 79684673 9127570 67311006 70557103 1125115 941988 1768822296 1884172422 41833262 49349951 2035588587 2103290237 11298839 2782533 3132593 2016100 55646763 105855978 70078195 110654611 X 238110641 114691437 0 60117396 1727399751 1817826793 1965510392 1992635626 2035588587 2103290237 X -7330650 113831769 -82776224 3400339 X X 0 1 X 1 0 X 94670312 157419054 147342180 141476848 134954475 675862869 12254812 13197489 13944512 14195986 14527269 68120068 106925124 170616543 161286692 155672834 149481744 743982937 20078058 723904879 10942428 9525045 14862142 14467946 2662046 52459607 5095969 6936253 5703836 4302856 3879161 25918075 822360619 0.88030 0.89140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: TRANSFERS FROM COMPONENT UNITS MISC REUNIONS EVENTS - 2014 AMOUNT: $ 5,095,969. 2015 AMOUNT: $ 6,936,253. 2016 AMOUNT: $ 5,703,836. 2017 AMOUNT: $ 4,302,856. 2018 AMOUNT: $ 3,879,161. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1793 1 1 X X 1 0.25 0 0 0 1 1 4.00 375 X X X X 1 1727399751 53823055 116453654 15777899 43990761 20081007 1817826793 1605037361 58785811 140709370 15292042 42390909 19449840 1727399751 1461347379 45827771 171811218 14737083 40436584 18775340 1605037361 1555703098 33209849 -53255974 14722955 40710952 18875687 1461347379 1519522419 32960718 70271543 13644827 37841226 15565529 1555709098 0.00000 0.99940 0.00060 0 0 58527552 58527552 7691160 5405919 2285241 4947352 3721651 1225701 8518609 8518609 70557103 COMMINGLED FUNDS 58568745 F PRIVATE EQUITY 1825603677 F 1884172422 ANNUITY & TRUST LIABILITIES 44921432 AMOUNTS INVESTED ON BEHALF OF UF ENTITIES 39960159 DEFERRED MANAGEMENT FEES 1143458 PROJECT COMMITMENT 258479 DEFERRED INFLOWS OF RESOURCES: SPLIT-INTEREST AGREEMENTS 16200319 DEFERRED INFLOWS OF RESOURCES: EXTERNAL TRUSTS 2940048 DEFERRED INFLOWS OF RESOURCES: PENSION 432083 105855978 X 279650335 113831769 14527269 5835630 134194668 145455667 3162327 3162327 148617994 169748877 14527269 4182300 18709569 151039308 3162327 1747009 4909336 155948644 PART II, LINE 9: CONTRIBUTIONS TO THE LAND PRESERVE ARE GENERALLY RECORDED AT THEIR APPRAISED VALUE AT THE DATE OF THE GIFT, AND ARE CONSIDERED BY MANAGEMENT TO BE NON-REVENUE PRODUCING ASSETS. THE VALUE OF THE CONTRIBUTED NON-REVENUE PRODUCING ASSETS IS INCLUDED IN THE STATEMENT OF ACTIVITIES. PART III, LINE 1A: THE FOUNDATION OWNS THE COLLECTION OF THE SAMUEL P. HARN MUSEUM OF ART. THESE COLLECTION ITEMS ARE UNDER THE CONTROL OF THE HARN AND THESE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS AND PURCHASES SINCE INCEPTION, ARE NOT RECOGNIZED ON THE STATEMENT OF NET POSITION. THE FOUNDATION DOES NOT CAPITALIZE ITS PERMANENT COLLECTIONS DUE TO ACCREDIDATION REQUIREMENTS IMPOSED BY THE AMERICAN ALLIANCE OF MUSEUMS. CONTRIBUTED COLLECTION ITEMS ARE RECORDED AS IN-KIND CONTRIBUTIONS AND OFFSETTING DECREASES (PROGRAM EXPENSE) IN THE APPROPRIATE NET POSITION CLASS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES (PROGRAM EXPENSE) IN THE APPROPRIATE NET POSITION CLASS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES (OTHER REVENUES) IN THE APPROPRIATE NET POSITION CLASS. PART III, LINE 4: THE ORGANIZATION RECEIVES AND MAY HOLD ART OBJECTS AND OTHER COLLECTIONS, INCLUDING ARTIFACTS, BOOKS, MANUSCRIPTS, AND DOCUMENTS, EITHER GIFTED TO THE ORGANIZATION FOR THE BENEFIT OF THE UNIVERSITY OF FLORIDA OR ACQUIRED WITH FUNDS GIFTED FOR THAT PURPOSE. THESE OBJECTS ARE HELD FOR USE BY THE UNIVERSITY'S MUSEUMS AND LIBRARIES IN FURTHERANCE OF THE UNIVERSITY'S EDUCATIONAL MISSION. PART V, LINE 4: ENDOWMENT FUNDS ARE ESTABLISHED FOR A MULTITUDE OF PURPOSES TO BENEFIT THE UNIVERSITY OF FLORIDA. THE REASONS INCLUDE, BUT ARE NOT LIMITED TO, PROFESSORSHIPS, SCHOLARSHIPS, RESEARCH, FACILITIES AND GENERAL COLLEGE SUPPORT. PART V, ENDOWMENT FUNDS, SUPPLEMENTAL INFORMATION: ENDOWMENT NET ASSETS AND ACTIVITY FOR UNIVERSITY OF FLORIDA RELATED ENTITIES ARE NOT INCLUDED IN THE SCHEDULE ON PART V SINCE THE ACTIVITY OF THE RELATED ENTITIES IS ELIMINATED AND THE NET ASSETS ARE RECORDED AS A HELD ON BEHALF LIABILITY. THE ENDOWMENT NET ASSETS INCLUDING THOSE ENTITIES AT JUNE 30, 2019 IS AS FOLLOWS: ENDOWMENT NET ASSETS $1,817,826,793 HELD ON BEHALF OF UNIVERSITY OF FLORIDA RELATED ENTITIES 7,422,739 TOTAL UNIVERSITY ENDOWMENT $1,825,249,532 THE ENDOWMENT NET ASSETS INCLUDING THOSE ENTITIES AT JUNE 30, 2018 IS AS FOLLOWS: ENDOWMENT NET ASSETS $1,727,399,751 HELD ON BEHALF OF UNIVERSITY OF FLORIDA RELATED ENTITIES 7,261,362 TOTAL UNIVERSITY ENDOWMENT $1,734,661,113 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE FOUNDATION'S PRIMARY SOURCE OF UNRELATED BUSINESS INCOME IS FROM CERTAIN INVESTMENTS IN PRIVATE EQUITY PARTNERSHIPS. FOR THE FISCAL YEAR ENDED JUNE 30, 2019, THE FOUNDATION HAD A NET INCOME TAX REFUND OF $3,528, WHICH IS INCLUDED AS AN ADJUSTMENT TO INVESTMENT RETURN IN THE ACCOMPANYING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN VARIOUS STATE AND LOCAL JURISDICTIONS. TAX PERIODS OPEN TO EXAMINATION BY MAJOR TAXING JURISDICTIONS TO WHICH THE FOUNDATION IS SUBJECT INCLUDE FISCAL YEARS ENDED JUNE 30, 2016 THROUGH JUNE 30, 2019. THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH U.S. GAAP FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: UF ALUMNI ASSOCIATION ACTIVITY REPORTED ON SEPARATE RETURN 2,205,527. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE ON PART VIII 229,764. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,495,468. RECLASSIFICATION OF EXPENSE ACCOUNTS ON FINANCIAL STATEMENTS 904,871. PART XII, LINE 2D - OTHER ADJUSTMENTS: UF ALUMNI ASSOCIATION ACTIVITY REPORTED ON SEPARATE RETURN 3,952,536. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE ON PART VIII 229,764. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO THE UF ALUMNI ASSOCIATION NOT SHOWN FOR BOOK PURPOSES 1,747,009. PART XI, LINE 2B - DONATED SERVICES AND USE OF FACILITIES IN-KIND OCCUPANCY RENT 1,431,505 FUNDRAISERS' SALARIES AND EXPENSES PAID BY THE UNIVERSITY OF FLORIDA 13,095,764 TOTAL TO SCHEDULE D, PART XI, LINE 2B 14,527,269 X X X X X X 1 RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 PHONE PROGRAM 0 991901 803476 188425 991901 803476 188425 AK AZ AL AR CA CO FL GA HI IL KS KY MD MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI CT MA DC LA ME NV 1 UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 6691235 SCHOLARSHIPS UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 3569716 APPRAISAL, FMV NON-CASH DONATIONS OF TANGIBLE PROPERTY UNIVERSITY PROGRAMS OTHER THAN SCHOLARSHIPS UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 114013112 UNIVERSITY PROGRAMS OTHER THAN SCHOLARSHIPS UF ALUMNI ASSOCIATION PO BOX 14425 GAINESVILLE FL 32604 592911059 501(C)(3) 1747009 UNIVERSITY PROGRAMS OTHER THAN SCHOLARSHIPS 2 0 PART I, LINE 2: THE UNIVERSITY OF FLORIDA FOUNDATION, INC. TRANSFERS SCHOLARSHIP MONIES TO THE UNIVERSITY OF FLORIDA FINANCIAL AID OFFICE. MONITORING OF THESE FUNDS IS DONE BY THE UNIVERSITY'S FINANCIAL AID OFFICE. THE UNIVERSITY OF FLORIDA ALUMNI ASSOCIATION (UFAA) OPERATES AS A UNIT WITHIN THE UNIVERSITY OF FLORIDA FOUNDATION, INC. THEREFORE, ALL CASH DISBURSEMENTS FOR THE UFAA ARE SUBJECT TO THE SAME CONTROLS AS THE UNIVERSITY OF FLORIDA FOUNDATION, INC. THE UNIVERSITY OF FLORIDA FOUNDATION, INC. TRANSFERS BOTH CASH AND NON-CASH CONTRIBUTIONS TO SUPPORT THE UNIVERSITY OF FLORIDA, AN AFFILIATED ENTITY. ALL CONTRIBUTIONS RECEIVED ARE SUBJECT TO THE POLICIES AND PROCEDURES OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. AND ARE DEEMED ADEQUATE. X X 1 1 0 0 0 0 0 0 0 1 0 W KENT FUCHS DIRECTOR 0 893802 0 35963 0 219976 0 233437 0 19337 0 1402515 0 0 JOE GLOVER DIRECTOR 0 454631 0 27531 0 109000 0 34938 0 10302 0 636402 0 0 DIANE MCFARLIN DIRECTOR 0 279631 0 11274 0 0 0 23441 0 8588 0 322934 0 0 MIKE V MCKEE DIRECTOR 0 318480 0 12944 0 11480 0 75741 0 21460 0 440105 0 0 DOUG SOLTIS DIRECTOR 0 215838 0 7549 0 0 0 18553 0 10616 0 252556 0 0 THOMAS J MITCHELL EXECUTIVE VICE PRESIDENT 545995 0 22712 0 213351 0 24255 0 22947 0 829260 0 0 0 DAVID M CHRISTIE TREASURER 199479 0 8317 0 1593 0 17478 0 20014 0 246881 0 0 0 KAREN RICE ASSOCIATE VP 223635 0 9454 0 9311 0 18568 0 20638 0 281606 0 0 0 SUSAN GOFFMAN SECRETARY 187287 0 7609 0 0 0 16014 0 43 0 210953 0 0 0 JOSEPH A MANDERNACH ASSOCIATE VP 256713 0 10050 0 1925 0 20855 0 255 0 289798 0 0 0 RISE WILSON ASSOCIATE VP 216643 0 0 0 0 0 18759 0 18208 0 253610 0 0 0 MARIA MARTIN ASSISTANT VP 196343 0 8057 0 11544 0 17269 0 20763 0 253976 0 0 0 PAUL CASPERSEN ASSISTANT VP 195693 0 8261 0 11583 0 17159 0 20052 0 252748 0 0 0 MARGARET HENDRYX ASSISTANT VP 184448 0 5640 0 1440 0 15267 0 19481 0 226276 0 0 0 JON CANNON EXECUTIVE DIRECTOR 181980 0 7518 0 0 0 15990 0 21729 0 227217 0 0 0 PART I, LINE 1A PRIVATE AIRCRAFT ARE USED, AS APPROPRIATE, WHEN UNIVERSITY OF FLORIDA FOUNDATION (UFF) LEADERSHIP NEED TO MAKE A BUSINESS TRIP WHEN THE TIMING OR LOCATION NECESSITATES THE USE OF SUCH PLANES. TRAVEL IS PROVIDED, ON FUNDRAISING TRIPS, FOR COMPANIONS OF UFF LEADERSHIP WHEN A BONA FIDE BUSINESS PURPOSE EXISTS. THESE BENEFITS ARE NOT TAXABLE INCOME TO THE RECIPIENTS ON SCHEDULE J, PART II. PART I, LINE 3 THE UNIVERSITY OF FLORIDA, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION FOR THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: * INDEPENDENT COMPENSATION CONSULTANT * WRITTEN EMPLOYMENT CONTRACT * COMPENSATION SURVEY OR STUDY X 45 255312 FAIR MARKET VALUE X 82367 FAIR MARKET VALUE X 137 13869744 FAIR MARKET VALUE X 13 2662592 FAIR MARKET VALUE X 9 886000 FAIR MARKET VALUE X 2 443499 FAIR MARKET VALUE X 53 603893 FAIR MARKET VALUE X EQUIPMENT AND SUPPLIES 305 4170705 FAIR MARKET VALUE X AUCTION ITEMS 161 22990 FAIR MARKET VALUE X LIVESTOCK 15 3177 FAIR MARKET VALUE 28 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE FOUNDATION USES AUCTION HOUSES AND THIRD-PARTY BROKERS TO SELL DONATED PROPERTY. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE BOARD IS COMPOSED OF ELECTED DIRECTORS AND EX-OFFICIO OFFICERS. CANDIDATES FOR ELECTED DIRECTORS WILL BE REVIEWED BY THE BOARD NOMINATING ADVISORY COMMITTEE AND EACH CANDIDATE WILL BE SUBJECT TO CONFIRMATION BY THE UNIVERSITY PRESIDENT PRIOR TO STANDING FOR ELECTION. THE EXECUTIVE BOARD WILL ELECT THE DIRECTORS FROM THE CONFIRMED BOARD NOMINATING ADVISORY COMMITTEE SLATE, SUBJECT TO CONFIRMATION BY THE BOARD OF TRUSTEES BEFORE THEIR TERM COMMENCES. THE EX-OFFICIO DIRECTORS ARE FULL VOTING MEMBERS OF THE EXECUTIVE BOARD AND ARE: ONE APPOINTEE OF THE CHAIR OF THE BOARD OF TRUSTEES OR OF HIS OR HER DESIGNEE, THE UNIVERSITY PRESIDENT OR HIS OR HER DESIGNEE, TWO MEMBERS APPOINTED BY THE UNIVERSITY PRESIDENT, THE CHAIR OF THE DEANS/DIRECTORS DEVELOPMENT COUNCIL, A FACULTY REPRESENTATIVE CHOSEN BY THE EXECTUIVE VICE PRESIDENT IN CONSULTAION WITH UNIVERSITY AND FACULTY SENATE LEADERSHIP TO SERVE A TWO-YEAR TERM, THE IMMEDIATE PAST CHAIR OF THE FOUNDATION, AND THE CHAIRS OF THE FOLLOWING DESIGNATED COMMITTEES: BOARD NOMINATING, AUDIT, FINANCE, GOVERNANCE, PHILANTHROPY AND DONOR RELATIONS, AND TALENT MANAGEMENT. THE CHAIRS AND VICE CHAIRS OF EACH OF THE DESIGNATED COMMITTEES WILL BE REVIEWED BY THE BOARD NOMINATING ADVISORY COMMITTEE, AND ELECTED BY THE EXECUTIVE BOARD FOR 2 YEAR TERMS FROM THE BOARD NOMINATING ADVISORY COMMITTEE SLATE FORM 990, PART VI, SECTION A, LINE 7B ALL AMENDMENTS TO THE BYLAWS AND ARTICLES ARE SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES AND THE PRESIDENT. ALL AMENDMENTS TO THE BYLAWS ARE SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEE CHAIR, WITH NOTICE TO THE VICE CHAIR, AND THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B AS BEST PRACTICES DICTATES, THE IRS FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE PRIOR TO ITS FILING. THE BOARD OF DIRECTORS OFFICIALLY DELEGATED THE RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE BY MOTION ADOPTED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST PROVISION OF THE FOUNDATION'S BYLAWS REQUIRES DISCLOSURE OF CONFLICTS. AT THE BEGINNING OF EACH FISCAL YEAR, DISCLOSURE FORMS ARE SENT TO EACH DIRECTOR AND OFFICER. ANY RESPONSES INDICATING A POSSIBLE CONFLICT ARE REVIEWED BY LEGAL COUNSEL AND THE ASSOCIATE VICE PRESIDENT TO DETERMINE WHETHER FURTHER ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY OF FLORIDA, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER UNIVERSITY FOUNDATIONS NATIONALLY. DISCUSSIONS AND DECISIONS PERTAINING TO MATTERS OF COMPENSATION ARE DOCUMENTED IN ACCORDANCE WITH UNIVERSITY, FOUNDATION, AND INDUSTRY GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE ON THE UNIVERSITY OF FLORIDA FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART VII, SECTION A, COLUMN E BOARD MEMBER W. KENT FUCHS IS AN EMPLOYEE OF THE UNIVERSITY OF FLORIDA, A RELATED ORGANIZATION. HE IS NOT COMPENSATED BY THE UNIVERSITY OF FLORIDA FOUNDATION NOR DOES HE PERFORM SERVICES FOR THE FOUNDATION AS A UNIVERSITY EMPLOYEE. CERTAIN GOVERNMENTAL ENTITIES INCLUDING STATE COLLEGES AND UNIVERSITIES THAT ARE NOT RECOGNIZED UNDER 501(C) ARE NOT SUBJECT TO SECTION 4960 EXCISE TAX ON EXECUTIVE COMPENSATION. THE UNIVERSITY OF FLORIDA IS A STATE UNIVERSITY, AND IS NOT CONSIDERED TO BE AN APPLICABLE TAX-EXEMPT ORGANIZATION UNDER SECTION 4960. FORM 990, PART XI, LINE 9: RECLASSIFICATION OF EXPENSE ACCOUNTS ON CONSOLIDATED FINANCIAL STATEMENTS 904,871. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,495,468. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING THE INDEPENDENT AUDITOR HAS REMAINED THE SAME. THE REQUEST FOR PROPOSAL (RFP) PROCESS WAS EXTENDED TO EVERY TEN YEARS TO ALIGN WITH THE FIVE YEAR PARTNER ROTATION. FORM 990, PART XI, LINE 8: PRIOR TO JULY 1, 2018, THE FOUNDATION PRESENTED ITS FINANCIAL STATEMENTS UNDER THE ACCOUNTING AND FINANCIAL REPORTING STANDARDS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB). ON MARCH 11, 2018, THE FLORIDA LEGISLATURE PASSED AND THE GOVERNOR SIGNED INTO LAW CHAPTER 2018-004, LAWS OF FLORIDA, A PROVISION THAT CHANGED SECTION 1004.28, FLORIDA STATUTES, WHICH ADDRESSES UNIVERSITY DIRECT SUPPORT ORGANIZATIONS. WITH THIS CHANGE, THE UNIVERSITY BOARD OF TRUSTEES MUST APPROVE ALL DIRECT SUPPORT ORGANIZATION BOARD MEMBERS. A KEY FACTOR IN DETERMINING WHETHER A DIRECT SUPPORT ORGANIZATION SHOULD REPORT UNDER THE ACCOUNTING STANDARDS OF FASB VERSUS THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), IS BOARD CONTROL. WITH THE CHANGE IN THE FLORIDA STATUTE, THE UNIVERSITY HAS CONTROL OF THE FOUNDATION, A DIRECT SUPPORT ORGANIZATION, AND THE FASB REPORTING MODEL IS NO LONGER APPROPRIATE. NET ASSETS FOR FISCAL YEAR ENDING JUNE 30, 2018 ARE PRESENTED ON 990 PT. X LINES 30-32 TO COMPLY WITH GASB ACCOUNTING AND FINANCIAL REPORTING STANDARDS. TOTAL NET ASSETS UNDER FASB AT JUNE 30, 2018 WERE $1,965,510,392. THE CONVERSION TO GASB REDUCED NET POSITION AT JUNE 30, 2018 BY $82,776,224 TO $1,882,734,168. THE REDUCTION IN NET POSITION WAS DUE TO THE ELIMINATION OF $78,818,622 OF ENDOWMENT PLEDGES RECEIVABLE, A DECREASE OF $14,927,864 DUE TO THE RESTATEMENT OF SPLIT-INTEREST AGREEMENTS AND EXTERNAL TRUSTS TO DEFERRED INFLOWS OF RESOURCES UNDER GASB 81 IRREVOCABLE SPLIT-INTEREST AGREEMENTS AND AN INCREASE OF $10,970,262 DUE TO THE RESTATEMENT OF THE FASB PENSION LIABILITY TO A NET PENSION ASSET UNDER GASB 68 ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS. THE REDUCTION IN NET ASSETS DUE TO THE CONVERSION FROM FASB TO GASB IS REPORTED ON 990 PT. XI, LINE 8 FOR -$82,776,224. FORM 990, PART V, LINE 2A THE 335 EMPLOYEES REPORTED ON FORM 990 PART V, LINE 2A, ARE LEGALLY UNIVERSITY OF FLORIDA EMPLOYEES, BUT 100% OF THEIR TIME IS DEDICATED TO THE UNIVERSITY OF FLORIDA FOUNDATION. THE UNIVERSITY OF FLORIDA ACTS AS AN AGENT FOR PAYROLL SERVICES FOR THE FOUNDATION. 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