2019-11-11T09:26:26-06:00 2019-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2018-07-01 846049811 UNIVERSITY OF COLORADO FOUNDATION UNIV 3038137935 1800 GRANT STREET SUITE 725 DENVER CO 80203 JACK FINLAW PRESIDENT & CEO 3038137935 2019-11-14 1 DORI J EGGETT P00645252 3037409400 2019-11-08 208.42.238.142 2019-11-11 09:25:59 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2758D11C408DF3479EE8351B290E162F317781B8 2018 2020-03-31 21:24:44Z JACK FINLAW 1800 GRANT STREET SUITE 725 DENVER CO 80203 288964718 0 X WWW.GIVING.CU.EDU/CUFOUNDATION X 1967 CO WE RECEIVE, MANAGE & PRUDENTLY INVEST PRIVATE SUPPORT BENEFITING THE UNIVERSITY OF COLORADO. 20 19 30 130 -2485006 -5542893 233157707 196348889 3541325 4935630 74373469 87210969 15977595 469230 327050096 288964718 166738960 160759306 0 0 3150433 3250037 1331580 1326256 24842160 37676141 47568892 208897114 212904491 118152982 76060227 2110481587 2247296786 465404615 491515724 1645076972 1755781062 X WE RECEIVE, MANAGE AND PRUDENTLY INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO AND SUPPORT THE UNIVERSITY'S PHILANTHROPIC ENDEAVORS THROUGH DONOR STEWARDSHIP. 0 0 160759306 160759306 4935630 SEE SCHEDULE O.UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $196,348,889 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2019. IN ADDITION, AS OF JUNE 30, 2019, THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $1,755,781,062 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO THE UNIVERSITY OF COLORADO IN THE AMOUNT OF $160,759,306. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC. 160759306 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 47 0 1 30 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CO CT DC GA KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WV WI KS NV PA RI X X MIKE PRITCHARD 3038137905 1800 GRANT STREET SUITE 725 DENVER CO 80203 AGNETA ALBINSSON DIRECTOR 1.00 X 0 0 0 BARRY D AMMAN DIRECTOR 1.00 X 0 0 0 ROBERT J EASTMAN DIRECTOR 1.00 X 0 0 0 JACK FINLAW PRESIDENT & CEO 40.00 X X 382964 0 35569 MICHAEL D FRYT DIRECTOR 1.00 X 0 0 0 STEPHEN B HANSEN DIRECTOR 1.00 X 0 0 0 MICHAEL F IMHOFF DIRECTOR 1.00 X 0 0 0 NAN E JOESTEN DIRECTOR 1.00 X 0 0 0 ERIC J KRAMER DIRECTOR 1.00 X 0 0 0 KEVIN KRATT DIRECTOR 1.00 X 0 0 0 JEREMY O MAY DIRECTOR 1.00 X 0 0 0 BECKY L MEDVED DIRECTOR 1.00 X 0 0 0 GARY MEGGISON DIRECTOR 1.00 X 0 0 0 HEATHER MULVIHILL DIRECTOR 1.00 X 0 0 0 BRETT D NICHOLAS DIRECTOR 1.00 X 0 0 0 MARCIA P PRYDE DIRECTOR 1.00 X 0 0 0 KEVIN T REIDY DIRECTOR 1.00 X 0 0 0 MARY R SISSEL DIRECTOR 1.00 X 0 0 0 DAWN F WOOD DIRECTOR 1.00 X 0 0 0 MELINDA H YEE DIRECTOR 1.00 X 0 0 0 SCOTT DUNN AVP & CONTROLLER 40.00 X 127764 0 33846 MIKE PRITCHARD VP & CFO 40.00 X 247397 0 41793 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 40.00 X 254671 0 41976 SASKIA SAWYER AVP GIFT SERVICES 40.00 X 135751 0 34029 DUGAN KATIE INVESTMENT ACCOUNTING DIR. 40.00 X 109092 0 15278 DURAN BARB BOARD RELATIONS SR. DIR. 40.00 X 108343 0 15192 1365982 0 217683 7 0 1 0 PERELLA WEINBERG PARTNERS 7979 E TUFTS AVE SUITE 700 DENVER CO 80237 OCIO 5466347 GREY MOUNTAIN PARTNERS 1470 WALNUT STREET SUITE 400 BOULDER CO 80302 FUND MANAGER 2034927 CHARLESBANK CAPITAL PARTNERS 200 CLARENDON STREET 54TH FLOOR BOSTON MA 02116 FUND MANAGER 1966846 BLUESCAPE ENERGY PARTNERS 200 CRESCENT COURT SUITE 1900 DALLAS TX 75201 FUND MANAGER 1383234 RUFFALO NOEL LEVITZ 65 KIRKWOOD N RD SW CEDAR RAPIDS IA 52406 CALL CENTER SERVICES 1326256 31 196348889 15545575 196348889 ADV SUPP CUSTODIAL FDS 611710 4935630 4935630 4935630 28235969 28235969 58975000 0 58975000 58975000 58975000 CU ENDOWMENT TRANSFERS 900099 2590374 2590374 OTHER REVENUE 611710 363862 111673 252189 UBIT REVENUE 523000 -2485006 -2485006 469230 288964718 7637677 -2485006 87463158 X 160759306 160759306 1165981 1165981 1619929 1619929 87489 87489 214550 214550 162088 162088 163385 163385 138050 138050 1326256 1326256 22022444 22022444 23653600 137696 23515904 300372 300372 410178 410178 232716 232716 28728 28728 123214 123214 97105 97105 DONOR STEWARDSHIP 300471 300471 MISCELLANEOUS OPERATING 53717 53717 DUES/MEMBERSHIPS/SUBSCR 29254 29254 PROFESSIONAL DEVELOPMEN 15658 15658 212904491 160759306 27303025 24842160 29860831 9271572 179933575 164367024 29694 28551 5445941 4112518 1434853 1333423 779479869 937226137 1068069404 1084752506 51673361 50317573 2110481587 2247296786 5222239 10160705 1067026 364336 434951705 455824861 24163645 25165822 465404615 491515724 X 68358218 61067635 970306257 1013565225 606412497 681148202 1645076972 1755781062 2110481587 2247296786 X 76060227 32054257 2589606 X 0 1 X 1 0 X 131859347 177687517 186602657 233157707 196348889 925656117 131859347 177687517 186602657 233157707 196348889 925656117 134085811 791570306 18202539 18255408 18633871 20124047 28235969 103451834 60641 127121 1881490 16099651 2954236 21123139 1050231090 18559555 0.75370 0.74490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 60,641. 2015 AMOUNT: $ 127,121. 2016 AMOUNT: $ 1,881,490. 2017 AMOUNT: $ 16,099,651. 2018 AMOUNT: $ 2,954,236. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 166039887 166039887 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 0 1 X 1150318539 63078817 77723433 50616373 1240504416 1020135394 54568247 109432427 33817529 1150318539 887168625 47675646 133524568 48233445 1020135394 905881734 48957151 -23675978 43994282 887168625 893963354 40489450 32222904 60793974 905881734 0.01490 0.48970 0.49540 1 0 32078 32078 1878300 648070 1230230 379063 350829 28234 565779 522898 42881 2590721 2590721 0 1333423 DOMESTIC EQUITIES 123523272 F INTERNATIONAL EQUITIES 143701147 F FIXED INCOME 54332871 F REAL ESTATE 69264400 F PRIVATE EQUITY 319688225 F ABSOLUTE RETURNS FUNDS 227838710 F VENTURE CAPITAL 130512420 F COMMODITIES 15066375 F OTHER 825086 F 1084752506 FUNDS HELD IN TRUST FOR OTHERS 2370053 LIABILITIES UNDER SPLIT INTEREST 22795769 25165822 X 301586137 32054257 104600 32158857 269427280 22022444 -2485006 19537438 288964718 190882047 0 190882047 22022444 22022444 212904491 PART IV, LINE 2B: THE FOUNDATION HOLDS AND INVESTS CERTAIN ENDOWMENT AND OTHER FUNDS IN A LONG TERM INVESTMENT POOL ON BEHALF OF THE UNIVERSITY OF COLORADO. PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF OVER 2,800 INDIVIDUAL DONOR-RESTRICTED PURE OR QUASI ENDOWMENTS. DONOR-RESTRICTED PURE ENDOWMENT FUNDS ARE PERMANENT CHARITABLE FUNDS WHOSE PRINCIPAL IS TREATED IN ACCORDANCE WITH A DEFINED SPENDING POLICY OR THAT MUST BE PRESERVED IN PERPETUITY AS A CONDITION IMPOSED BY THE DONOR. DONOR-RESTRICTED QUASI-ENDOWMENT FUNDS ARE THOSE PURPOSE-RESTRICTED GIFTS THAT ARE GENERALLY INTENDED TO BE MAINTAINED IN PERPETUITY; HOWEVER, UNDER SPECIFIC CIRCUMSTANCES DEFINED BY THE DONOR, THE PRINCIPAL MAY BE INVADED FULLY TO MEET THE DEFINED PURPOSE. THE FOUNDATION ALSO HAS CERTAIN FUNDS WITHOUT DONOR RESTRICTIONS THAT HAVE BEEN DESIGNATED BY THE FOUNDATION'S BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2019 AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO EACH ENTITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME. DURING FISCAL YEARS 2019 AND 2018, THE UNRELATED BUSINESS INCOME TAX LIABILITY WAS INSIGNIFICANT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 104,600. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME -2,485,006. 1 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 315648674 WESTERN EUROPE - 0 0 INVESTMENTS 21379680 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 6861375 0 0 0 0 0 0 343889729 0 343889729 1 0 1 0 1 0 PART I, LINE 2: THE FOUNDATION DOES NOT PROVIDE GRANTS OR OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES. X X X X X 1 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 OPER/MANAGE CALL CENTER 0 800960 1326256 -525296 800960 1326256 -525296 AK AR CA CO CT DC GA HI IL KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WI WV NC AL FL KS NV PA RI SCHEDULE G, PART I, LINE 2B 100% OF GROSS RECEIPTS FROM ACTIVITY, OR COLUMN IV, ARE TRANSFERRED TO THE UNIVERSITY AS PHILANTHROPIC SUPPORT. THE AMOUNT PAID TO RUFFALO NOEL LEVITZ IN COLUMN V IS AN EXPENSE PAID TO HELP GROW THE NUMBER OF DONORS TO THE UNIVERSITY. 1 UNIVERSITY OF COLORADO 1800 GRANT ST SUITE 800 DENVER CO 80203 846000555 501(C)(3) 160362615 BOOK SEE PART IV CORNELL UNIVERSITY 313 CAMPUS ROAD 256B CARPENTER HALL HALL ITHACA NY 14851 150532082 501(C)(3) 35808 BOOK RESEARCH UNIVERSITY OF COLORADO HOSPITAL FOUNDATION 2400 S PEORIA ST STE 100 AURORA CO 80014 208575263 501(C)(3) 354633 BOOK PUBLIC SERVICE & MEDICAL OUTREACH 3 PART I, LINE 2: THE USE OF GRANTS MADE BY THE UNIVERSITY OF COLORADO FOUNDATION ARE MONITORED BY THE UNIVERSITY OF COLORADO. PART II, LINE 1: UNIVERSITY OF COLORADO - GRANTS PAID GIFTS AND INCOME DISTRIBUTED TO THE UNIVERSITY OF COLORADO WERE APPLIED AS FOLLOWS: ACADEMICS - $45,023,203 ATHLETICS - $2,648,988 CAPITAL PROJECTS - $19,616,925 PROFESSORSHIP CHAIRS - $19,093,345 PUBLIC SERVICE, ADMINISTRATION, LIBRARY - $13,968,075 RESEARCH - $34,406,055 SCHOLARSHIPS & FINANCIAL AID - $25,606,024 1 X X X X X 0 0 0 0 0 0 0 0 0 JACK FINLAW PRESIDENT & CEO 324046 0 54104 0 4814 0 16500 0 19069 0 418533 0 0 0 SCOTT DUNN AVP & CONTROLLER 125560 0 0 0 2204 0 7908 0 25938 0 161610 0 0 0 MIKE PRITCHARD VP & CFO 223644 0 21693 0 2060 0 15095 0 26698 0 289190 0 0 0 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 227671 0 23428 0 3572 0 15689 0 26287 0 296647 0 0 0 SASKIA SAWYER AVP GIFT SERVICES 124777 0 9100 0 1874 0 8472 0 25557 0 169780 0 0 0 X 379 14605209 AVG HIGH/LOW PRICE X 1 940366 APPRAISAL 0 1 1 PART I, LINE 32B: THE FOUNDATION MAINTAINS ACCOUNTS AT UBS, CHARLES SCHWAB, WELLS FARGO, AND BANK OF NEW YORK MELLON FROM WHICH SECURITIES ARE RECEIVED AND SOLD. NON-CASH CONTRIBUTIONS: UNIVERSITY OF COLORADO REAL ESTATE SERVICES PERSONNEL ASSIST WITH REAL ESTATE CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM WILL REVIEW THE 990 WITH THE AUDIT COMMITTEE. THE AUDIT COMMITTEE CHAIR WILL PROVIDE A SUMMARY OF THIS REVIEW TO THE FULL BOARD ALONG WITH A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PROVIDED TO KEY EMPLOYEES, DIRECTORS, AND COMMITTEE MEMBERS. EACH RECIPIENT IS ASKED TO COMPLETE A DISCLOSURE CERTIFICATION. THESE DOCUMENTS ARE COLLECTED AND THE INFORMATION COMPILED IN THE FOUNDATION'S LEGAL DEPARTMENT. WHEN THE FOUNDATION IS CONSIDERING ENTERING INTO MAJOR TRANSACTIONS AND/OR CONTRACTS WITH OUTSIDE PARTIES, POTENTIAL CONFLICTS OF INTEREST ARE RESEARCHED. IF THERE IS AN IDENTIFIED CONFLICT, THE FOUNDATION DOCUMENTS SUCH AND RESOLVES THE ISSUE BASED ON THE POLICY REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF COLORADO FOUNDATION HAS A COMPENSATION COMMITTEE OF FOUR DIRECTORS. THE COMMITTEE'S ROLE IS TO ANNUALLY OBTAIN COMPARATIVE MARKET SALARY SURVEY INFORMATION. BASED ON THIS MARKET DATA AND PERFORMANCE, RECOMMENDATIONS FOR SALARY ADJUSTMENTS ARE REVIEWED. THIS COMMITTEE SPECIFICALLY REVIEWS AND APPROVES SALARY ADJUSTMENTS AND ANY ADDITIONAL COMPENSATION FOR THE CEO AND VP'S. SALARY RANGE REVIEW AND RECOMMENDATIONS ARE MADE TO THIS COMMITTEE ON AN ANNUAL BASIS. DELIBERATION AND CONCLUSION OF THE COMPENSATION DISCUSSION IS DOCUMENTED IN THE MINUTES MAINTAINED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. AUDITED FINANCIALS ARE ALSO AVAILABLE ON THE CUF WEBSITE WWW.CUFUND.ORG. FORM 990, PART IX, LINE 11G CU SUPPORT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 137,696. FUNDRAISING EXPENSES 23,515,904. TOTAL EXPENSES 23,653,600. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 104,600. UNRELATED BUSINESS (INCOME)/LOSS 2,485,006. CU FOUNDATION HOLDINGS INC 1800 GRANT STREET SUITE 725 DENVER CO 80203 311608076 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 THE UNIVERSITY OF COLORADO UK FOUNDATION LIMITED 1800 GRANT STREET SUITE 725 DENVER CO 80203 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (87) CRAT/CRUT CO CU FOUNDATION T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0