2019-05-01T14:48:21-05:00 2018-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2017-07-01 046013152 UNIVERSITY OF MASSACHUSETTS FOUNDATION INC UNIV 6172875590 ONE BEACON STREET 31ST FLR BOSTON MA 02108 CHARLES J PAGNAM EXECUTIVE VICE PRESIDENT 6172875590 2019-05-01 1 LYNNE JOHNSON P00757336 6179129000 X 66.98.98.10 2019-05-01 13:25:39 ED P 500FCEA869F3103E05957D7D3205F93DE56F9DC2 80A56547EDB5E2BF0711BF7CB6211EB1BC4D6842 2017 2019-02-21 02:37:17Z CHARLES J PAGNAM ONE BEACON STREET 31ST FLR BOSTON MA 02108 184864331 0 X WWW.UMASSP.EDU/FOUNDATION X 1950 MA THE MISSION OF THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. THE FOUNDATION RECEIVES, INVESTS AND DISBURSES PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS AND ITS EDUCATIONAL MISSION. 28 28 7 40 169962 152066 40556084 29674159 0 0 21575603 13819821 10541137 11211123 72672824 54705103 15905683 20434537 0 0 202304 1676104 0 0 5864554 7512856 7199111 23620843 29309752 49051981 25395351 542558498 581671426 3977571 3738103 538580927 577933323 TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. TO INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS. 0 0 20990077 20434537 10870238 THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. INVESTS FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS INCLUDING, BUT NOT LIMITED TO SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS AND GENERAL PROGRAM SERVICES EXPENDITURES. 20990077 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 7 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA AK AR CA CO DC HI KY MD ME MI MN NH NJ NY OH OK OR SC TN UT WA WI WV NV X JUDITH A MURPHY 7744557185 333 SOUTH STREET 4TH FLOOR SHREWSBURY MA 01545 EDWARD H D'ALELIO TREASURER/DIRECTOR 1.00 X X 0 0 0 MARTIN T MEEHAN CHAIR/DIRECTOR 3.00 X 0 0 0 JAMES P PAPPAS SECRETARY/DIRECTOR 1.00 X X 0 0 0 STEPHEN R DUNNE DIRECTOR 1.00 X 0 0 0 ROBERT E JOHNSON PHD DIRECTOR 1.00 X 0 0 0 SUZANNE L STEFANY DIRECTOR 1.00 X 0 0 0 PHILIP W JOHNSTON DIRECTOR 1.00 X 0 0 0 LISA A CALISE DIRECTOR 1.00 X 0 0 0 ROBERT J MANNING DIRECTOR 1.00 X 0 0 0 SANDRA E COSTA DIRECTOR 1.00 X 0 0 0 NATHAN P CHESLEY DIRECTOR 1.00 X 0 0 0 MARY L BURNS DIRECTOR 1.00 X 0 0 0 JACQUELINE MOLONEY DIRECTOR 1.00 X 0 0 0 MICHAEL F COLLINS MD DIRECTOR 1.00 X 0 0 0 DANIEL E FEDER DIRECTOR 1.00 X 0 0 0 DOUGLAS CLIGGOTT DIRECTOR 1.00 X 0 0 0 KUMBLE R SUBBASWAMY PHD DIRECTOR 1.00 X 0 0 0 PATRICIA C FLAHERTY DIRECTOR 1.00 X 0 0 0 WARREN J ISABELLE DIRECTOR 1.00 X 0 0 0 R NORMAN PETERS ESQ DIRECTOR 1.00 X 0 0 0 ROBERT R REITANO DIRECTOR 1.00 X 0 0 0 JAMES R JULIAN JR DIRECTOR 1.00 X 0 0 0 MARIA D FURMAN DIRECTOR 1.00 X 0 0 0 ROBERT D ETTINGER DIRECTOR 1.00 X 0 0 0 STANLEY L FUNG DIRECTOR 1.00 X 0 0 0 JOHN D KATTAR DIRECTOR 1.00 X 0 0 0 MARY L REED DIRECTOR 1.00 X 0 0 0 BARRY MILLS JD PHD DIRECTOR 1.00 X 0 0 0 ANDREW T RUDD DIRECTOR (UNTIL DEC. 2017) 1.00 X 0 0 0 MARK MARINELLA DIRECTOR (UNTIL DEC. 2017) 1.00 X 0 0 0 JUDITH A MURPHY ASSOC. VP/CONTROLLER 40.00 X 196708 0 71054 CHARLES J PAGNAM EXECUTIVE VICE PRESIDENT 40.00 X 462923 0 166085 JONATHAN GIBBONS CHIEF INVESTMENT OFFICER 40.00 X 199042 0 15275 SANDY FISHER ASSOC. VP/ADVANCEMENT INFO SVC. 40.00 X 147013 0 53315 SARAH MCDONNELL SR. FOUNDATION ASSOCIATE 40.00 X 108621 0 39609 DANIEL SWARTZ EXEC. DIR. OF ADVANCEMENT SYSTEMS 40.00 X 119968 0 43665 CHRISTOPHER YOULDEN SENIOR FINANCIAL ANALYST 40.00 X 115877 0 42200 1350152 0 431203 8 0 1 0 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 IT CONSULTANTS 1993882 BOATHOUSE GROUP INC 260 CHARLES ST 4TH FL WALTHAM MA 02453 ADVERTISING 1285773 EVERTRUE INC 330 CONGRESS ST 2ND FL BOSTON MA 02210 FUNDRAISING SOFTWARE SUPPORT 220000 IMODULES SOFTWARE INC 5101 COLLEGE BLVD LEAWOOD KS 66211 FUNDRAISING SOFTWARE SUPPORT 170613 STELLAR TECHNOLOGY SOLUTIONS LLC 612 MAIN ST STE 200 STROUDSBURG PA 18360 ACCOUNTING SOFTWARE 126000 6 42000 155039 29477120 302807 29674159 1259134 169962 1089172 142614695 130054008 12560687 12560687 12560687 58989 42000 105220 -46231 -46231 INVESTMENT MANAGEMENT 561000 11021539 11021539 235815 235815 11257354 54705103 11257354 169962 13603628 X 20434537 20434537 896770 267762 629008 627364 627364 77933 77933 74037 74037 88685 88685 87508 87508 436233 436233 57275 57275 1146523 103166 1043357 964443 964443 236272 47254 189018 2266130 45380 2220750 267062 53412 213650 91781 18356 73425 54643 10929 43714 425589 425589 69971 69971 OTHER FUNDRAISING EXP. 503601 503601 DEVELOPMENT ENHANCEMENT 503395 503395 29309752 20990077 2455121 5864554 116273 237190 24468075 24450919 88864 67854 19072736 2166446 17331879 16906290 354909282 378249524 145644125 161759649 542558498 581671426 51895 304576 1162107 1049429 2763569 2384098 3977571 3738103 X 38383206 33379764 92218661 111185268 407979060 433368291 538580927 577933323 542558498 581671426 X 25395351 14344161 -387116 X X 0 1 X 1 0 X 24936176 30424916 29849462 40556084 29674159 155440797 24936176 30424916 29849462 40556084 29674159 155440797 14126824 141313973 799157 808236 1011346 1565895 1259134 5443768 68725 45560 80954 80804 58989 335032 161219597 52591573 0.87650 0.86900 X 1 660073826 37137507 16756719 680454614 0 462630321 28109753 28122699 15915791 157366 -575800 503365416 397974357 30567089 45686854 14781324 577083 -3760428 462630321 406925325 22286208 -19200705 12934014 54889 -952432 397974357 397944973 22965041 -3157056 11918160 82863 -1173390 406925325 340240491 23633160 43278294 10495222 489746 -1777996 397944973 0.00400 0.79780 0.19820 0 0 3069140 3069140 15843523 2015058 13828465 160073 151388 8685 16906290 ALTERNATIVE INVESTMENTS 161759649 F 161759649 OBLIGATIONS TO BENEFICIARIES OF SPLIT-INTEREST AGREEMENTS 2384098 2384098 X 105075286 14344161 35920802 50264963 54810323 -105220 -105220 54705103 44954986 15645234 15645234 29309752 0 29309752 PART IV, LINE 1B: AGENCY ACCOUNTS ARE INVESTMENTS HELD ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AND THE EDWARD M. KENNEDY INSTITUTE. PART V, LINE 4: THE INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS ARE TO BE SPENT WITHIN THE ESTABLISHED CRITERIA FOR THE FUND IN SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS OF THE UNIVERSITY OF MASSACHUSETTS. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAVE DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT WERE MATERIAL TO THE FINANCIAL STATEMENTS AS OF JUNE 30, 2018 OR JUNE 30, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO UNIVERSITY OF MASSACHUSETTS 35,920,802. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B -105,220. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO AGENCY 15,540,014. FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B 105,220. CENTRAL AMERICA 0 0 INVESTMENTS 42990000 EAST ASIA & PACIFIC 0 0 INVESTMENTS 4547000 EUROPE 0 0 INVESTMENTS 6439000 MIDDLE EAST & NORTH AFRICA 0 0 INVESTMENTS 344000 NORTH AMERICA 0 0 INVESTMENTS 2180000 RUSSIA 0 0 INVESTMENTS 1208000 SOUTH AMERICA 0 0 INVESTMENTS 1148000 SOUTH ASIA 0 0 INVESTMENTS 901000 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 1571000 0 0 0 0 0 0 59757000 1571000 61328000 1 0 1 1 1 0 GOLF EVENT 54239 26000 28239 7334 20035 22915 2617 GOLF EVENT 46750 16000 30750 6410 28630 17279 100989 42000 58989 13744 48665 40194 2617 105220 -46231 1 UNIVERSITY OF MASSACHUSETTS 333 SOUTH ST SUITE 450 SHREWSBURY MA 01545 043167352 115 20434537 SEE PART IV 1 PART I, LINE 2: DISBURSEMENTS TO THE UNIVERSITY OF MASSACHUSETTS ARE SUBJECT TO THE EXPENDITURE AND DISBURSEMENT POLICIES OF THE UNIVERSITY OF MASSACHUSETTS, INCLUDING ALLOWABILITY, APPROPRIATENESS(BUSINESS PURPOSE, ADEQUATE DOCUMENTATION, AND PROPER APPROVALS), AND DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. PART II, LINE 1, COLUMN (H): DISTRIBUTIONS TO THE UNIVERSITY OF MASSACHUSETTS ARE PROVIDED IN THE FORM OF STUDENT SUPPORT (SCHOLARSHIPS, FELLOWSHIPS, ETC.), FACULTY AND STAFF SUPPORT (ENDOWMENT FACULTY POSITIONS, RESEARCH, PROFESSIONAL DEVELOPMENT), ACADEMIC PROGRAM SUPPORT, AND FACILITIES SUPPORT. 0 0 0 0 0 0 0 0 0 JUDITH A MURPHY ASSOC. VP/CONTROLLER 196708 0 0 0 0 0 49416 0 21638 0 267762 0 0 0 CHARLES J PAGNAM EXECUTIVE VICE PRESIDENT 462923 0 0 0 0 0 115163 0 50922 0 629008 0 0 0 JONATHAN GIBBONS CHIEF INVESTMENT OFFICER 199042 0 0 0 0 0 0 0 15275 0 214317 0 0 0 SANDY FISHER ASSOC. VP/ADVANCEMENT INFO SVC. 147013 0 0 0 0 0 37144 0 16171 0 200328 0 0 0 DANIEL SWARTZ EXEC. DIR. OF ADVANCEMENT SYSTEMS 119968 0 0 0 0 0 30469 0 13196 0 163633 0 0 0 CHRISTOPHER YOULDEN SENIOR FINANCIAL ANALYST 115877 0 0 0 0 0 29454 0 12746 0 158077 0 0 0 X 35 302807 FMV ON DATE OF GIFT 0 1 1 PART I, COLUMN (B): FOR THE DONATED SECURITIES, THE ORGANIZATION IS REPORTING THE NUMBER OF GIFTS RECEIVED. PART I, LINE 32B: SHARES OF PUBLICLY TRADED SECURITIES CONTRIBUTED BY DONORS ARE TRANSFERRED BY THE DONOR'S CUSTODIAN TO A CUSTODY ACCOUNT MAINTAINED BY THE UNIVERSITY OF MASSACHUSETTS FOUNDATION AT BNY MELLON. BNY MELLON HAS A STANDING ORDER TO SELL SUCH SECURITIES IN A TIMELY AND ORDERLY FASHION AND TO TRANSFER THE PROCEEDS FROM THE SALE TO THE UNIVERSITY OF MASSACHUSETTS FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THERE WERE CHANGES TO THE BY-LAWS OF THE FOUNDATION DURING THE FISCAL YEAR ENDING JUNE 30, 2018: - ELIMINATE OF PROXY VOTING AT THE COMMITTEE LEVEL - UNIVERSITY PRESIDENT IS AN EX-OFFICIO NON-VOTING DIRECTOR - ONE YEAR TERM FOR COMMITTEES - CAMPUS REPRESENTATIVES WHO ARE NOT UNIVERSITY EMPLOYEES ARE CONSIDERED PUBLIC DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE PRIOR TO ITS FILING WITH THE IRS AND THEN FORWARDED BY HIM TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT ACKNOWLEDGES THAT THEY HAVE READ AND UNDERSTAND THE POLICY. ON THIS STATEMENT, THEY ARE REQUIRED TO LIST ANY POTENTIAL CONFLICT. RESPONSES ARE GATHERED BY FOUNDATION COUNSEL. FOUNDATION COUNSEL AND THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE REVIEW THE RESPONSES AND IDENTIFY ANY POTENTIAL CONFLICTS. THE DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO SUPPLEMENT THEIR RESPONSES IN THE EVENT THAT ANY ADDITIONAL POTENTIAL CONFLICTS ARISE DURING THE YEAR. WHEN A DIRECTOR OR OFFICER BECOMES AWARE OF A PROPOSED COVERED TRANSACTION UNDER THE POLICY, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: A) IMMEDIATELY DISCLOSE THE EXISTENCE OR CIRCUMSTANCES OF SUCH COVERED TRANSACTION TO THE FOUNDATION'S BOARD OF DIRECTORS IN WRITING; B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE COVERED TRANSACTION; AND C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION EXCEPT TO ANSWER QUESTIONS, INCLUDING BOARD DISCUSSIONS AND DECISIONS ON THE SUBJECT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE 14, COLUMN (D) - INFORMATION TECHNOLOGY: IN MARCH 2007, THE UNIVERSITY OF MASSACHUSETTS' BOARD OF TRUSTEES VOTED TO DEVELOP AND IMPLEMENT A COMPREHENSIVE CONSTITUENT RELATIONSHIP MANAGEMENT SYSTEM (CRM) FOR ALL UNIVERSITY ALUMNI, PARENTS AND FRIENDS. THE FOUNDATION PROVIDES THESE FUNDRAISING SOFTWARE TOOLS TO THE UNIVERSITY'S FIVE CAMPUSES. THE GOAL OF THE PROJECT IS TO CONSOLIDATE INFORMATION FROM MULTIPLE SMALLER AND FRAGMENTED DATA SOURCES ACROSS THE FIVE UNIVERSITY CAMPUSES INTO A SINGLE, ROBUST DATABASE. THIS DATABASE WILL INFORM AND COORDINATE FUNDRAISING, COMMUNICATIONS AND ALUMNI RELATIONS ACTIVITIES IN A MORE STRATEGIC AND FOCUSED MANNER. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -387,116.