2019-04-09T14:33:59-05:00 2018-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 329408229 990 2017-07-01 596152180 THE FLORIDA STATE UNIVERSITY FOUNDATION INC FLOR 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 HOLLY NEWELL CFO/ASSISTANT TREASURER 8506446000 2019-04-09 1 JULIANA KREUL P01204534 3217516200 70.171.237.164 2019-04-09 12:01:49 MS P 67F082C77BB3E4828772D6FE8E6CF355B9EDBE22 40AE8FA7C6A25CAECA7F57205DD94C425C84315C 2017 2019-02-21 02:37:17Z THOMAS W JENNINGS 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 108783730 0 X WWW.FOUNDATION.FSU.EDU X 1960 FL THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU, SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT, INVESTING AND DISBURSING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU, AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. 47 46 128 517 -47953 -818562 41108276 46802286 1325335 915747 -191881 13366361 2481148 2166981 44722878 63251375 23192923 24173438 0 0 13773135 13235172 532014 485570 9648441 21094029 21232321 58592101 59126501 -13869223 4124874 707414353 742879174 28338188 28345568 679076165 714533606 THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. 0 0 43221271 24173438 3059069 THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL, AND OTHER EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 43221271 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 X 423 0 1 128 1 0 1 BD CJ VI GK JE 0 0 0 1 1 0 0 0 0 X 47 46 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL AK CA CO KY LA ME MD MA MI MN NH NJ NY ND OH OK OR SC UT WA WV WI NV X X HOLLY NEWELL 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 THOMAS W JENNINGS TRUSTEE/PRESIDENT 40.00 X X 338572 0 43007 JULIE D EICHENBERG TRUSTEE/CHAIR 1.00 X X 0 0 0 DAVID B LANE TRUSTEE/CHAIR ELECT 1.00 X X 0 0 0 ROBERT B MANG TRUSTEE/TREASURER 1.00 X X 0 0 0 WILLIAM T HOLD TRUSTEE/SECRETARY 1.00 X X 0 0 0 DONNA M ABOOD TRUSTEE 1.00 X 0 0 0 TODD ADAMS TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT 1.00 X 0 0 0 FLORENCE H ASHBY TRUSTEE 1.00 X 0 0 0 KATHRYN E BALLARD TRUSTEE/EX OFFICIO V, FSU BOT 1.00 X 0 0 0 THOMAS BARTELMO TRUSTEE 1.00 X 0 0 0 BRETT A BRACIAK TRUSTEE 1.00 X 0 0 0 KEITH D CARR TRUSTEE, CHAIR, AUDIT COMMITTEE 1.00 X 0 0 0 DEAN L CASH TRUSTEE 1.00 X 0 0 0 TIMOTHY A COLE TRUSTEE 1.00 X 0 0 0 PETER H COLLINS TRUSTEE, CHAIR, DEVELOPMENT COMMITTEE 1.00 X 0 0 0 RYAN M COTE PARTIAL YEAR TRUSTEE/EX OFFICIO V, CHAIR, STUDENT FOUNDATION 1.00 X 0 0 0 THOMAS M CULLIGAN TRUSTEE 1.00 X 0 0 0 JOHN W CULVER TRUSTEE 1.00 X 0 0 0 CARLTON R DISALVO TRUSTEE/EX OFFICIO V, CHAIR, STUDENT FOUNDATION 1.00 X 0 0 0 MARCY P DRISCOLL PARTIAL YEAR TRUSTEE/EX OFFICIO V, CHAIR, DEANS DEV COMM 1.00 X 0 0 0 ANDREA K FRIALL TRUSTEE 1.00 X 0 0 0 JEFFREY D GARGIULO TRUSTEE 1.00 X 0 0 0 FRANKLIN L HAGENBECK TRUSTEE 1.00 X 0 0 0 ANNE HAMILTON-HOLD TRUSTEE 1.00 X 0 0 0 MICHAEL D HARTLINE TRUSTEE/EX OFFICIO V, CHAIR, DEANS DEV COMM 1.00 X 0 0 0 JOHN T HERNDON TRUSTEE 1.00 X 0 0 0 MART P HILL TRUSTEE 1.00 X 0 0 0 NAN C HILLIS TRUSTEE 1.00 X 0 0 0 PAUL G HUDSON TRUSTEE 1.00 X 0 0 0 MARVALENE HUGHES TRUSTEE 1.00 X 0 0 0 CHRISTOPHER E IANSITI TRUSTEE 1.00 X 0 0 0 PETER D JONES TRUSTEE, CHAIR, INVESTMENT COMMITTEE 1.00 X 0 0 0 STUART G LASHER TRUSTEE 1.00 X 0 0 0 WILLIAM C LLOYD TRUSTEE 1.00 X 0 0 0 JOHN M LUSK TRUSTEE 1.00 X 0 0 0 STEPHANIE L LYNCH TRUSTEE 1.00 X 0 0 0 THOMAS M MCALPIN TRUSTEE 1.00 X 0 0 0 NANCY MCKAY TRUSTEE 1.00 X 0 0 0 WAYNE M MESSAM TRUSTEE 1.00 X 0 0 0 FRANCIS J NARDOZZA TRUSTEE, CHAIR, FINANCE COMMITTEE 1.00 X 0 0 0 MICHAEL C POLAND TRUSTEE 1.00 X 0 0 0 SHERRILL W RAGANS TRUSTEE 1.00 X 0 0 0 CRAIG A REUTLINGER TRUSTEE 1.00 X 0 0 0 JANET L STONER TRUSTEE 1.00 X 0 0 0 LOUIS C TAORMINA TRUSTEE 1.00 X 0 0 0 JOHN W THIEL TRUSTEE 1.00 X 0 0 0 JOHN E THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT/DESIGNEE 1.00 X 0 0 0 ELIZABETH J WALTERS TRUSTEE, CHAIR, DONOR STEWARDSHIP COMMITTEE 1.00 X 0 0 0 ASHBEL C WILLIAMS TRUSTEE 1.00 X 0 0 0 ANDY A JHANJI EXECUTIVE VP 40.00 X 269021 0 61861 HOLLY NEWELL CFO/ASSISTANT TREASURER 40.00 X 148967 0 38038 PATRICK J CROWLEY VP ADV RELATIONS/ASSISTANT SECRETARY 40.00 X 141776 0 39531 MARK PANKEY ASSOC. DEAN DEVELOPMENT 40.00 X 240428 0 51631 PERRY FULKERSON VP CENTRAL DEVELOPMENT 40.00 X 199816 0 47065 BRANDON MCCRAY ASST. VP CONSTITUENT PROGRAMS 40.00 X 155638 0 40951 JAMES A MCNEIL ASST. DEAN DEVELOPMENT, MEDICINE 40.00 X 137969 0 35233 NANCY B SMILOWITZ ASST. DEAN DEVELOPMENT, ALUMNI AFFAIRS 40.00 X 136637 0 28694 1768824 0 386011 13 0 1 1 CAMBRIDGE ASSOCIATES PO BOX 10317 UNIONDALE NY 11555 INVESTMENT CONSULTING 802343 PENNINGTON PA PO BOX 10095 TALLAHASSEE FL 32302 LEGAL SERVICES 462284 UNIVERSITY CENTER CLUB PO BOX 1698 TALLAHASSEE FL 32302 CATERING SERVICES 404734 CATERING BY SEMINOLE DINING 945 W JEFFERSON ST TALLAHASSEE FL 32306 CATERING SERVICES 398219 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 FUNDRAISING SERVICES 375883 28 195986 1924128 44682172 2356945 46802286 REGISTRATION/ADMIN 900099 659903 659903 SPONSORSHIPS 900099 255844 255844 915747 5640542 5640542 97787 97787 132953 180906 -47953 -47953 -47953 52993495 45267676 7725819 7725819 7725819 57598 195986 83773 -26175 -26175 MISCELLANEOUS 900099 2143322 2143322 2143322 63251375 3059069 -47953 13437973 24146459 24146459 26979 26979 1135615 193141 942474 9312011 1300692 2963886 5047433 1079644 1691 347362 730591 1104334 950 476242 627142 603568 37818 209094 356656 38658 6054 32104 500 202261 32216 170045 100827 100827 485570 485570 2922080 2680360 126363 115357 1297634 1153577 1579 142478 3986789 3234401 317723 434665 324843 37517 285176 2150 1246701 639840 606857 4 2829387 2414625 23471 391291 1012844 978077 6932 27835 44382 774 43588 20 84690 84690 142026 61739 80224 63 CAMPUS & DONOR EVENTS 3689992 3413635 13176 263181 BOOKS, JOURNALS, & SUBS 1195349 1068989 67423 58937 UNCOLLECTIBLE PLEDGES 830213 830213 MEMBERSHIP DUES & FEES 405715 383143 9808 12764 877930 670695 197905 9330 59126501 43221271 6256789 9648441 19334679 11477455 30612193 46835719 76656200 74308958 3773299 5756263 8837587 3017338 4021137 5820249 550178600 576349377 22838245 22331153 707414353 742879174 4644159 2695184 5300000 6500000 3855317 3629732 14538712 15520652 28338188 28345568 X 274767 8158644 237133408 253608160 441667990 452766802 679076165 714533606 707414353 742879174 X 4124874 31854479 -521912 X X 0 1 X 1 0 X 43621682 57370590 111122036 41108276 46802286 300024870 43621682 57370590 111122036 41108276 46802286 300024870 66485538 233539332 5322867 4364168 4406630 5690444 5738329 25522438 0 0 0 0 0 2280215 2497446 3061682 2398983 2200920 12439246 337986554 4654970 0.69100 0.70050 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2013 AMOUNT: $ 1,987,062. 2014 AMOUNT: $ 2,262,460. 2015 AMOUNT: $ 2,991,027. 2016 AMOUNT: $ 2,348,896. 2017 AMOUNT: $ 2,143,322. GROSS INCOME FROM FUNDRAISING EVENTS - 2013 AMOUNT: $ 293,153. 2014 AMOUNT: $ 234,986. 2015 AMOUNT: $ 70,655. 2016 AMOUNT: $ 50,087. 2017 AMOUNT: $ 57,598. 0 0 0 0 0 0 1 100827 0 0 100827 0 PART II-B, LINE 1: FEES OF $100,827 WERE PAID TO CONSULTANTS FOR SERVICES TO SUPPORT THE INTERESTS OF FLORIDA STATE UNIVERSITY; NO PAYMENTS WERE IN SUPPORT OF OR IN OPPOSITION TO ANY CANDIDATE FOR POLITICAL OFFICE. 466262833 10533296 37763452 5041974 11036325 8448844 490032438 428194012 12449948 50805872 5256742 10985292 8944965 466262833 451100435 12957232 -10581743 5372728 11449103 8460081 428194012 471320561 9927989 -5215109 5000792 11334496 8597718 451100435 415308139 9085740 69897942 4408024 10166034 8397202 471320561 0.05120 0.86420 0.08460 1 0 1619876 1619876 2935889 710982 2224907 2367335 2306356 60979 1914487 1914487 5820249 AGENCY LIABILITIES 9378912 ANNUITY OBLIGATIONS 6141740 15520652 X 95370533 31854479 264679 32119158 63251375 0 63251375 58560967 264679 264679 58296288 830213 830213 59126501 PART V, LINE 4: SPENDING FROM THE FOUNDATION'S ENDOWMENTS SUPPORTS THE ACADEMIC ACTIVITIES OF THE UNIVERSITY INCLUDING SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WITH THE EXCEPTION OF ANY UNRELATED BUSINESS INCOME. THE FOUNDATION IS CLASSIFIED AS AN ORGANIZATION OPERATED FOR THE BENEFIT OF A COLLEGE OR UNIVERSITY OWNED OR OPERATED BY A GOVERNMENTAL UNIT DESCRIBED IN SECTION 170(B)(1)(A)(IV). THE FOUNDATION HAS REVIEWED ITS TAX STATUS AND RELATED FILINGS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS FOR WHICH AN OBLIGATION NEEDS TO BE RECORDED PURSUANT TO THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 83,773. RENTAL EXPENSES 180,906. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 83,773. RENTAL EXPENSES 180,906. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTIBLE PLEDGES REPORTED AS OTHER CHANGE IN NET ASSETS IN THE AUDITED FINANCIAL STATEMENTS 830,213. CENTRAL AMERICA/ CARIBBEAN 0 0 INVESTMENTS N/A 126005515 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 4074321 0 0 0 0 0 0 130079836 0 130079836 1 0 1 1 1 0 X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONE SOLICITATION 0 623893 485570 138324 623893 485570 138324 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NC ND NV NY OH OK OR PA RI SC TN UT VA WA WV WI GOLF TOURNAMENT 62581 54285 8296 12481 8200 3559 5129 SCHOLARSHIP FUNDRAISER 48350 41430 6920 2688 1053 5 132349 92639 39710 100 2510 4950 27724 2507 9264 243280 188354 54926 100 14991 13150 33971 2507 15446 80165 -25239 SCHEDULE G, PART II AS REPORTED ON SCHEDULE G, NET INCOME FOR FUNDRAISING EVENTS DOES NOT INCLUDE ANY CHARITABLE CONTRIBUTIONS FROM FUNDRAISING EVENTS. EXCLUDING CHARITABLE CONTRIBUTIONS, AS PER SCHEDULE G INSTRUCTIONS, CAN RESULT IN NEGATIVE INCOME FOR PURPOSES OF SCHEDULE G, PART II, LINE 11. FUNDRAISING EVENTS NOT ONLY SERVE TO RAISE MONEY BUT ALSO INCREASE DONOR AWARENESS WITH HOPE OF FUTURE CONTRIBUTIONS IN SUPPORT OF THE MISSION. 1 BIG BEND HOSPICE 1723 MAHAN CENTER BLVD TALLAHASSEE FL 32308 592328806 501(C)3 30000 DONATION - PEDIATRIC BEREAVEMENT INITIATIVE THE FLORIDA STATE UNIVERSITY 600 WEST COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 501(C)3 21678068 406098 FMV COMPUTERS, EQUIPMENT, AND FURNITURE SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS THE FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 501(C)3 322775 PROGRAM SUPPORT FOR THE ALUMNI ASSOCIATION SEMINOLE CLUBS THE FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION 2000 LEVY AVENUE BUILDING A SUITE 351 TALLAHASSEE FL 32310 593211153 501(C)3 1117078 RESEARCH SUPPORT - STUDENT STIPENDS SOUTHERN SCHOLARSHIP HOUSE 322 STADIUM DRIVE TALLAHASSEE FL 32304 590939481 501(C)3 12063 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT TALLAHASSEE MEMORIAL HEALTHCARE FOUNDATION 1331 EAST SIXTH AVENUE TALLAHASSEE FL 32303 591727645 501(C)3 120500 MEDICAL RESEARCH SUPPORT BOND COMMUNITY HEALTH CENTER 1720 SOUTH GADSDEN STREET TALLAHASSEE FL 32301 592426414 501(C)3 61850 DONATION - PEDIATRIC OVERWEIGHT & OBESITY INTERVENTION INITIATIVE ST JOHNS RIVER STATE COLLEGE 5001 ST JOHNS AVE PALATKA FL 32177 591033399 501(C)3 6564 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT FEDLOAN SERVICING PO BOX 69184 HARRISBURG PA 17106 231693362 20000 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT FLORIDA PREPAID COLLEGE FOUNDATION PO BOX 31088 TAMPA FL 33631 593012202 501(C)3 81896 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT FSU REAL ESTATE FOUNDATION 325 WEST COLLEGE AVENUE TALLAHASSEE FL 32301 452337977 501(C)3 167000 PROGRAM SUPPORT FOR THE REAL ESTATE FOUNDATION HILLEL AT FLORIDA STATE UNIVERSITY 834 W ST AUGUSTINE ST 2 TALLAHASSEE FL 32304 596194457 501(C)3 37955 PROGRAM SUPPORT FOR THE FSU JEWISH STUDENT COMMUNITY PHI DELTA THETA FOUNDATION 2 SOUTH CAMPUS AVE OXFORD OH 45056 346539803 501(C)3 6250 PROGRAM SUPPORT FOR FSU STUDENTS IN PHI DELTA THETA SOCIETY FOR MILITARY HISTORY 5511 WEST LAKE DR WEST BEND WI 53095 530239268 501(C)3 8759 RESEARCH CONFERENCE SUPPORT UNIVERSITY OF CENTRAL FLORIDA PO BOX 160114 ORLANDO FL 32816 592924021 501(C)3 8111 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT 14 1 INDUSTRY AWARD 52 24879 RESEARCH STIPEND- ACADEMIC SUPPORT 1 100 TRAVEL STIPEND - ACADEMIC SUPPORT 2 2000 PART I, LINE 2: THE UNIVERSITY OVERSEES THE GRANT PROCESS. UNIVERSITY PERSONNEL DETERMINE WHO WILL RECEIVE AWARDS AND HOW THEY ARE AWARDED. INTERNAL AUDITS ARE PERFORMED ANNUALLY TO VERIFY THAT DONOR RESTRICTIONS ARE BEING COMPLIED WITH BY THE UNIVERSITY DURING THE GRANT PROCESS. AFTER MAKING THE GRANT SELECTIONS, THE UNIVERSITY GIVES THE FOUNDATION AN APPROVED DISBURSEMENT REQUEST TO TRANSFER THE FUNDS. AT THE TIME OF THE GRANT, THE ORGANIZATION AUDITS THE DISBURSEMENT TO ENSURE THAT IT MEETS THE DONOR'S INTENT. THE FOUNDATION KEEPS RECORDS OF THE DISBURSEMENTS AS PART OF ITS ACCOUNTS PAYABLE DOCUMENTATION. X X X 1 1 1 0 0 0 0 0 0 0 0 THOMAS W JENNINGS TRUSTEE/PRESIDENT 332572 0 0 0 6000 0 23242 0 20522 0 382336 0 0 0 ANDY A JHANJI EXECUTIVE VP 251721 0 0 0 17300 0 38629 0 24451 0 332101 0 0 0 HOLLY NEWELL CFO/ASSISTANT TREASURER 148967 0 0 0 0 0 12823 0 25571 0 187361 0 0 0 PATRICK J CROWLEY VP ADV RELATIONS/ASSISTANT SECRETARY 141576 0 0 0 200 0 22095 0 18070 0 181941 0 0 0 MARK PANKEY ASSOC. DEAN DEVELOPMENT 239831 0 0 0 597 0 28801 0 23390 0 292619 0 0 0 PERRY FULKERSON VP CENTRAL DEVELOPMENT 199816 0 0 0 0 0 30674 0 16977 0 247467 0 0 0 BRANDON MCCRAY ASST. VP CONSTITUENT PROGRAMS 155638 0 0 0 0 0 17748 0 24082 0 197468 0 0 0 JAMES A MCNEIL ASST. DEAN DEVELOPMENT, MEDICINE 137569 0 0 0 400 0 21320 0 14696 0 173985 0 0 0 NANCY B SMILOWITZ ASST. DEAN DEVELOPMENT, ALUMNI AFFAI 135711 0 0 0 926 0 20780 0 9197 0 166614 0 0 0 PART I, LINE 1A CHARTER AIRLINE TRAVEL IS PROVIDED FOR THE UNIVERSITY PRESIDENT AND OTHER SENIOR UNIVERSITY AND FOUNDATION STAFF TO BE ABLE TO TRAVEL WITH THE PRESIDENT OF THE UNIVERSITY ON ADMINISTRATIVE AND FUNDRAISING ACTIVITIES FOR FSU WHERE COMMERCIAL FLIGHTS ARE NOT AVAILABLE. THIS WAS NONTAXABLE TO THE UNIVERSITY PRESIDENT AND SENIOR FOUNDATION STAFF. THE FOUNDATION PAYS TRAVEL EXPENSES FOR THE UNIVERSITY PRESIDENT'S SPOUSE WHO HAS A COURTESY APPOINTMENT WITH FSU AND ACTS AS AN OFFICIAL AMBASSADOR OF THE UNIVERSITY. THIS WAS NONTAXABLE TO THE PRESIDENT. THE UNIVERSITY'S EMPLOYMENT CONTRACT WITH THE VP FOR ADVANCEMENT/FOUNDATION PRESIDENT STIPULATES THAT THE FOUNDATION SHALL PAY THE TRAVEL EXPENSES FOR THE FOUNDATION PRESIDENT'S SPOUSE, WHO IS EMPLOYED BY THE UNIVERSITY AND SERVES AS AN OFFICIAL AMBASSADOR FOR THE UNIVERSITY, TO ACCOMPANY THE FOUNDATION PRESIDENT ON BUSINESS TRIPS. THIS WAS NONTAXABLE TO THE PRESIDENT. THE FOUNDATION PAID SOCIAL CLUB DUES, SPECIFICALLY FOR FUNDRAISING PURPOSES, FOR THE FOUNDATION'S PRESIDENT AND EXECUTIVE VICE PRESIDENT. THIS WAS NONTAXABLE TO THE PRESIDENT AND EXECUTIVE VICE PRESIDENT. PART I, LINE 3 THE FOUNDATION PRESIDENT, THOMAS W. JENNINGS, IS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. HIS COMPENSATION IS REVIEWED AND SET BY THE PRESIDENT OF FLORIDA STATE UNIVERSITY, 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 FOUNDATIONS NATIONALLY. PART I, LINE 4A MARK PANKEY RECEIVED A SEVERANCE PAYMENT OF $25,049. SCHEDULE J, PART II DURING THE FISCAL YEAR ENDED JUNE 30, 2018, THE FOLLOWING LISTED PERSONS FROM 990 PT. VII WERE EMPLOYEES OF FLORIDA STATE UNIVERSITY, AN UNRELATED ORGANIZATION: EMPLOYEE TITLE HOLLY NEWELL CFO/ASSISTANT TREASURER THOMAS W. JENNINGS FOUNDATION PRESIDENT THOMAS JENNINGS ALSO HOLDS THE TITLE OF VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT AT FLORIDA STATE UNIVERSITY, AND, IN THIS ROLE, HE OVERSEES THE ACTIVITIES OF FOUR DIRECT SUPPORT ORGANIZATIONS OF THE UNIVERSITY, INCLUDING THE ACTIVITIES OF THE FSU FOUNDATION. THOMAS JENNINGS' COMPENSATION FROM FLORIDA STATE UNIVERSITY IS REPORTED ON 990 PT. VII, SECTION A, AND ON SCHEDULE J PT. I. HOLLY NEWELL'S COMPENSATION FROM FLORIDA STATE UNIVERSITY IS REPORTED ON 990 PT. VII, SECTION A, AND ON SCHEDULE J PT. I. FLORIDA STATE UNIVERSITY HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF FORM 990 REPORTING. X 6 0 APPRAISAL X 68 2356945 SALE OF COMPARABLES 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. PART I, LINE 33: AS SET FORTH IN SFAS 116 (ASC 958), THE FOUNDATION DOES NOT RECOGNIZE AS REVENUE: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS THAT ARE ADDED TO COLLECTIONS HELD FOR PUBLIC EXHIBITIONS, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. ALL DONATIONS OF COLLECTIONS ARE TRANSFERRED TO FLORIDA STATE UNIVERSITY AT THE TIME OF THE GIFT. THEREFORE, THE FAIR VALUE OF DONATED COLLECTIONS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS ARE NOT REFLECTED IN THE AUDITED FINANCIAL STATEMENTS. THE FOUNDATION RECEIVED DONATIONS OF PAINTINGS, SCULPTURES, PHOTOGRAPHS, MEMORABILIA AND SIMILAR ITEMS WITH A VALUE OF $997,609 AND $783,237 FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, RESPECTIVELY. FORM 990, PART VI SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION. THE COMMITTEE SHALL INCLUDE THE CHAIR, PAST CHAIR, FOUNDATION PRESIDENT, TREASURER, SECRETARY, THE UNIVERSITY PRESIDENT OR DESIGNEE, THE CHAIR OF THE UNIVERSITY BOARD OF TRUSTEES OR DESIGNEE, THE PRESIDENT OF THE UNIVERSITY FACULTY SENATE, AND THE CHAIR OF EACH STANDING COMMITTEE. THE COMMITTEE SHALL CONSIDER, EVALUATE AND ANALYZE ISSUES THAT HAVE IMPLICATIONS FOR CHANGES TO THE BOARD AND MAKE RECOMMENDATIONS OF APPROPRIATE ACTION TO THE BOARD. IF THE COMMITTEE MEETS TO EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION, THE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OR TO ELECT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM T. HOLD, BOARD OF TRUSTEES MEMBER AND OFFICER (SECRETARY), FOR THE BOARD, AND ANNE HAMILTON HOLD, ANOTHER TRUSTEE, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF THE FLORIDA STATE UNIVERSITY FOUNDATION, INC. WERE AMENDED APRIL 13, 2018. CHANGES WERE: 1) ARTICLE III, COMMITTEES, SECTION 6. INVESTMENT COMMITTEE: REPLACED "A KNOWLEDGE OF OR BUSINESS ACUMEN IN THE INVESTMENT FIELD" WITH "PROFESSIONAL EXPERIENCE IN THE INVESTMENTS MANAGEMENT FIELD". 2) ARTICLE III, COMMITTEES, SECTION 7. TRUSTEE COMMITTEE: ADDED "REVIEW AND FINALIZE A SLATE OF OFFICERS SUBMITTED TO THE COMMITTEE BY THE CHAIR ELECT IN EVEN-NUMBERED YEARS. THE FINALIZED SLATE IS THEN ADVANCED TO THE FULL BOARD FOR CONSIDERATION DURING THE SPRING MEETING AS A RECOMMENDATION OF THE COMMITTEE" TO THE DUTIES OF THE TRUSTEE COMMITTEE. 3) ARTICLE VIII, SECTION 5. FOUNDATION EMPLOYEES: REMOVED THIS SECTION WHICH CONSISTED OF "FOUNDATION EMPLOYEES ARE NOT EMPLOYEES OF THE STATE OF FLORIDA" BECAUSE EFFECTIVE DECEMBER 14, 2018, FOUNDATION EMPLOYEES TRANSFER TO FSU EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 11B 1) THE CFO REVIEWS FORMS 990 AND 990-T WITH THE EXECUTIVE VICE PRESIDENT AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. IT IS THE CFO AND EXECUTIVE VICE PRESIDENT'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS REPRESENT THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED AND DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS. 2) THE FOUNDATION'S BOARD OF TRUSTEES DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE DRAFT FORMS 990 AND 990-T. 3) ONCE THE AUDIT COMMITTEE REVIEW IS COMPLETE, THE DRAFT FORMS 990 AND 990-T ARE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE FORMS WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION OF A LINK TO A WEBSITE OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THE BOARD STAFF LIAISON MONITORS THE PROCESS TO ENSURE THAT COMPLETED FORMS ARE RETURNED BY ALL MEMBERS WITH INDIVIDUAL FOLLOW UP WHEN NECESSARY. HARD COPIES OF ALL FORMS ARE RETAINED. IT IS THE RESPONSIBILITY OF THE ASSISTANT SECRETARY OF THE BOARD TO INFORM THE BOARD CHAIR AND COMMITTEE CHAIRPERSONS OF ANY EXISTING CONFLICTS SO THAT THEY CAN BE SURE THAT BOARD MEMBERS RECUSE THEMSELVES FROM ANY DISCUSSIONS AND/OR ACTIONS INCLUDING VOTES ON ISSUES WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE TOP MANAGEMENT AND OFFICERS REPORTED ON THE FSU FOUNDATION FORM 990 ARE COMPRISED OF TWO EMPLOYEES OF FLORIDA STATE UNIVERSITY AND THE REMAINDER ARE EMPLOYEES OF THE FSU FOUNDATION. FOR EMPLOYEES OF FLORIDA STATE UNIVERSITY, COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY, 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 FOUNDATIONS NATIONALLY. FOR EMPLOYEES OF THE FSU FOUNDATION, VARIOUS INDUSTRY SURVEYS OF SALARIES AT COMPARABLE UNIVERSITY RELATED ADVANCEMENT ORGANIZATIONS AND OTHER SOURCES WITH COMPARABLE POSITIONS ARE UTILIZED TO DETERMINE COMPENSATION FOR NEW HIRES AND TO PERIODICALLY VALIDATE CURRENT SALARY LEVELS TO DECIDE IF ADJUSTMENTS ARE NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS, FORM 990 AND 990-T ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH BY IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -521,912. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR.