2019-05-15T13:28:50-05:00 2018-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2017-07-01 116077945 Stony Brook Foundation Inc % JASON HSUEH STON 6316326536 230 Administration Stony Brook NY 11794 DEXTER BAILEY EXECUTIVE DIRECTOR 6316326536 2019-05-15 true Scott Thompsett P00741490 2125990100 209.220.136.124 26377520191355000026 2019-05-15 P 7D14034AF515942D2ABE7F7E27EA16D2649DB046 7D14034AF515942D2ABE7F7E27EA16D2649DB046 2017 2019-02-21 02:37:17Z Dexter Bailey 230 Administration Stony Brook NY 11794 196646384 false X www.stonybrook.edu/foundation/ X 1965 NY To advance the mission and goals of Suny Stony brook (also referred to as Stony Brook University) by facilitating, accepting and managing philanthropic gifts. 23 20 10 0 171562 125912 62350041 58869092 2058544 1932062 4501476 12128471 2791927 1181177 71701988 74110802 28855029 19164822 0 0 9633789 10595693 70000 70000 3629685 25018759 25109335 63577577 54939850 8124411 19170952 476542033 509428296 44318514 39516117 432223519 469912179 X THE STONY BROOK FOUNDATION, INC. IS A NOT-FOR-PROFIT, "NO MEMBER" CORPORATION ESTABLISHED IN 1965. SBF exists to advance the mission and goals of SUNY Stony Brook by facilitating, accepting and managing philanthropic gifts. (Continued on Schedule O). false false 17427466 9290554 0 Stony Brook Foundation provided SUNY Stony Brook funds for various institutional support, including but not limited to: Funding construction of cutting-edge facilities such as the Medical and Research Translation (MART) as well as substantial renovations of the current existing Stony Brook University Hospital, subsidized funding to support various SUNY Stony Brook strategic academic initiatives, and Stony Brook University departments such as Mathematics, Physics and the Turkana Basin Institute, an academic base for scientific research and training in paleontology and paleoanthropology. 13187777 4689948 0 Stony Brook Foundation provided funding to support various SUNY Stony Brook academic programs, Centers and Institutes in order to nurture academic achievement among SUNY Stony Brook's students and faculty by providing funds to attract and retain exceptional faculty through the use of endowed chairs and endowed professorships, aid in curriculum enhancement as well as equip classrooms and laboratories with the latest technology. 2906404 2815859 0 Stony Brook Foundation provided various student financial support to SUNY Stony Brook as well as to SUNY Stony Brooks students to assist in their effort of delivering a world-class education at a remarkably affordable price and to keep recruiting the best young minds and future leaders from across the socio-economic spectrum. 3595238 1230723 0 ORGANIZED RESEARCH 2951935 1137738 47117 PUBLIC SERV., ADMIN. SUPP. & STUDENT SUPPORT 0 0 1932062 fiscal year agent 6547173 2368461 1979179 40068820 true true false true false false false true true true true true false false true true false true false false true true true true true true false true true true false false false false false false false true true true false false false true true true false false true 511 2 true 10 true true true true BF BD CA CJ UC EI SW false false false true true false false false true false X 23 20 true false false false false false false true false false false true true true true true true true true false CA FL GA HI KS KY MD MA MI MN NH NJ NY OR SC UT WV WI X X JASON HSUEH 6316326536 230 ADMINISTRATION Stony Brook NY 11794 X Mr Richard L Gelfond Trustee, Chair 4.0 0.1 X X 0 0 0 Mr David E Acker Trustee, Vice Chair 1.0 0.0 X X 0 0 0 Dr Laurie Landeau Trustee, Vice Chair 1.0 0.0 X X 0 0 0 Dr James H Simons Trustee, Chair Emeritus 1.0 0.0 X X 0 0 0 Mr Cary F Staller Trustee, Secretary 1.0 1.0 X X 0 0 0 Dr Nancy Rauch Douzinas Trustee, Treasurer 1.0 0.0 X X 0 0 0 Dr Ashvin B Chhabra TRUSTEE 0.5 0.0 X 0 0 0 Dr Barry S Coller Trustee 0.5 0.0 X 0 0 0 Mr Guy-Max Delphin Trustee 0.5 0.1 X 0 0 0 Mr Barry M Fox Esq Trustee 0.5 0.1 X 0 0 0 Mr Stuart D Goldstein Trustee 0.5 0.1 X 0 0 0 MS KAREN KEOGH Trustee 0.5 0.0 X 0 0 0 MR WILLIAM L KNAPP Trustee 0.5 0.0 X 0 0 0 DR HENRY B LAUFER Trustee 0.5 0.0 X 0 0 0 MS DOROTHY LICHTENSTEIN Trustee 0.5 0.0 X 0 0 0 DR ROBERT LOURIE Trustee 0.5 0.0 X 0 0 0 DR NIRMAL MATTOO Trustee 0.5 0.0 X 0 0 0 MR RICHARD T NASTI ESQ trustee 0.5 0.1 X 0 0 0 MS LOUISE PHANSTIEL CPA Trustee 0.5 0.1 X 0 0 0 MS CAROLINE RITTER Trustee 0.5 0.0 X 0 0 0 MR LEONARD A SPIVAK ESQ Trustee 0.5 0.0 X 0 0 0 MRS SUSAN STEINHARDT ESQ Trustee 0.5 0.0 X 0 0 0 DR SAMUEL L STANLEY JR EX-OFFICIO TRUSTEE (VOTING) 3.0 0.1 X 264769 0 0 Mr Dexter A Bailey Jr Executive Director 1.2 1.0 X 52056 0 0 Mr Jason W Hsueh CFO & COO 37.5 0.0 X 253192 0 108438 Mr David Marcus CIO 37.5 0.0 X 302885 0 129721 Jo-Ann Daniels Director, Finance & Operations 37.5 0.0 X 181891 0 77858 Dr Lewis PasternakThru 218 CEO & VP for Health Systems 0.0 0.0 X 517124 0 0 Mr Luis Alvarez-Gaume Dir., Simons Ctr Geo & Physics 0.0 0.0 X 183360 0 0 Deborah Lowen-Klein AVP, Charitable Giving 37.5 0.0 X 232152 0 99206 Danielle Holton ED Development, SBCH 33.75 0.0 X 164984 0 70655 2152413 0 485878 10 false true true VERSA-TEL TS INC 121 WEST OAK STREET AMITYVILLE NY 11701 COMMUNICATION SVCS 1581427 SCGP CAFE LLC SIMONS CENTER 100 Nicolls Road STONY BROOK NY 11794 Academic Activities 881915 Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 INVESTMENT Manag. 866576 Studio Daniel Libeskind Architect L 150 Broadway 18th Floor NEW YORK NY 10038 architecture 695000 Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 INVESTMENT MANAG. 602250 26 343200 2502609 8000 56015283 762956 58869092 CONTRACTUAL AGENCY FEES 711300 1932062 1932062 1932062 1827114 171562 1655552 0 60627 60627 288458 288458 0 288458 288458 132252248 121915891 35000 10336357 -35000 10301357 10301357 233725 2502609 558987 -325262 -325262 25649 4863 20786 20786 28021 20841 7180 7180 CONTRACTED SERVICES 900099 1025085 1025085 MUSEUM ADMISSION TO THE PK HOUSE 900099 47117 47117 MISCELLANEOUS REVENUE 900099 57186 57186 57186 57186 1129388 74110802 1979179 171562 13090969 13851937 13851937 3362078 3362078 1950807 1950807 0 1171652 750902 358244 62506 0 6988336 4287605 1417458 1283273 0 2361515 1276969 566700 517846 74190 74190 0 250952 250952 125000 125000 60000 60000 70000 70000 7728857 7728857 4490940 3396748 388802 705390 353312 321094 32218 1755313 1421398 35956 297959 555529 175223 177992 202314 25758 25758 825802 772539 51765 1498 1761522 1693145 8229 60148 0 1581732 1444090 9600 128042 21807 21807 0 247866 241885 5981 132400 54885 77515 BUILDING ALTERATION 2820741 2817121 3620 EQUIPMENT AND RENTALS 1206513 1111726 14828 79959 REPAIRS AND MAINTENANCE 656021 517462 2863 135696 INCOME TAX EXPENSE 180807 180807 328463 258644 20603 49216 54939850 40068820 11241345 3629685 15665930 12856503 57798382 52834240 84239087 98905845 491254 127499 0 0 0 0 368434 318434 19126 22320 875899 744311 15112125 3326238 11984651 11785887 47902310 53838400 254196960 274994857 3000000 3000000 0 0 0 0 476542033 509428296 8493284 7157777 0 0 35154 245039 829005 637695 34356424 30941241 0 0 0 0 0 0 604647 534365 44318514 39516117 X 32641422 37472154 227124293 255692040 172457804 176747985 432223519 469912179 476542033 509428296 19170952 18517709 -1 X false true X true false X 55707361 39770483 49531605 62350041 58869092 266228582 0 0 55707361 39770483 49531605 62350041 58869092 266228582 95906032 170322550 747772 748823 1391425 1549797 2004637 6442454 1014445 1215610 1465060 351184 171562 4217861 382357 1069691 1861894 2672081 1369666 7355689 284244586 11997937 0.59921 0.58357 X 60000 60000 54879850 54939850 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 180000 180000 120000 60000 540000 250000 250000 250000 250000 1000000 1500000 Schedule C, Part II-A, Line 1(B) The Foundation does not engage in any direct lobbying activity itself; the foundation hires AN outside lobbying consultant to advocate on behalf of educational and budget issues impacting Stony Brook University. 20204 7022322 X X X false false true X 233966854 8032140 21666546 11077413 7632457 244955670 219656875 12982642 19444388 10134900 7982151 233966854 207914116 18280843 9985414 11064534 5458964 219656875 196350990 9873999 17610964 9727041 6194796 207914116 154681221 40858611 15404060 9094839 5498063 196350990 0.02810 0.72110 0.25080 false false 1122854 1122854 6776168 2815371 3960797 157462 118307 39155 7055641 392560 6663081 11785887 INVESTMENTS IN US EQUITY FUNDS 116018153 F INVESTMENTS IN MULTI-STRATEGY 87147557 F INVESTMENTS IN PRIVATE EQUITY 38259189 F INVESTMENTS IN GLOBAL EQUITY 32278911 F INVESTMENTS IN CORE-PROPERTY 890249 F INVESTMENTS IN DIVERSIFIED FIX 628538 F OTHER LONG-TERM INVESTMENTS 100000 REDEMPTIONS IN TRANSIT -327740 274994857 0 ANNUITIES PAYABLE 534365 534365 X 93256767 18517709 51465 18569174 74687593 -576791 -576791 74110802 55568106 51465 576791 628256 54939850 54939850 ORGANIZATIONS COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER ASSETS SCHEDULE D, Part III, Line 4 The foundation owns the Pollock-krasner house and study center. The center operates as a museum and library. The extensive research collections developed at the center attract scholars, students and researchers from around the world. The United States department of the interior has designated it as a national historic landmark. The foundation also owns various books, photographs, journal collections, and fine arts used to further the mission of suny stony brook by nurturing academic instruction, research, library and public service. ESCROW AND CUSTODIAL ARRANGEMENTS SCHEDULE D, Part IV, Line 2b The foundation holds funds as a trustee/disbursing agent for auxiliary agencies of stony brook university, which amounted to $30,941,241 as of June 30, 2018. Such amounts are included in cash and cash equivalents and other investments in the accompanying combined statements of financial position. The foundation charges fees to these agencies for administrative costs, which amounted to $1,932,062 for fiscal year 2018, which is included in contracts and other support in the combined statement of activities. ENDOWMENT FUNDS SCHEDULE D, Part V, Line 4 The Foundation's endowment is intended to subsidize its charitable mission of supporting Stony Brook University's educational programs. Although the Foundations adopted policies allow for the appropriation for expenditure of the principal of endowment funds in certain cases where doing so is deemed prudent, the Foundation generally leaves the endowment assets untouched, while using investment income therefrom to fund various charitable programs and initiatives. ASC 740 FOOTNOTE SCHEDULE D, Part X, Line 2 The Foundation follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Foundation is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The Foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. RECONCILIATION OF REVENUE WITH AFS SCHEDULE D, Part XI, Line 4b Special Events Expenses Reclassed to Revenue $(558,987) Gaming expenses RELATED TO FUNDRAISING ACTIVITIES reclassed to Revenue (4,863) COGS Expenses Reclassed to Revenue (12,941) ---------- Total $(576,791) ========== RECONCILIATION OF EXPENSES WITH AFS SCHEDULE D, Part XII, Line 4b Special Events Expenses Reclassed to Revenue $558,987 Gaming expenses RELATED TO FUNDRAISING ACTIVITIES reclassed to Revenue 4,863 COGS Expenses Reclassed to Revenue 12,941 ---------- Total $576,791 ========== true Sub-Saharan Africa 0 0 Grantmaking 1841177 Europe (Including Iceland and Greenland) 0 0 Grantmaking 69707 East Asia and the Pacific 0 0 Grantmaking 22753 South America 0 0 Grantmaking 8560 Middle East and North Africa 0 0 Grantmaking 8000 North America 0 0 Grantmaking 610 Central America and the Caribbean Investments 174121151 Sub-Saharan Africa Investments program related loan 3000000 0 0 0 0 179071958 179071958 Sub-Saharan Africa General support 40397 wire Sub-Saharan Africa general SUPPORT 271703 WIRE Sub-Saharan Africa OPERATIONS 1475000 WIRE South America GENERAL SUPPORT 8560 WIRE Europe (Including Iceland and Greenland) GENERAL SUPPORT 31642 WIRE Europe (Including Iceland and Greenland) SUPPORT NEWS LITERACY 14000 WIRE East Asia and the Pacific SUPPORT NEWS LITERACY 19000 WIRE Middle East and North Africa GENERAL SUPPORT 8000 WIRE Sub-Saharan Africa 22310 WIRE 7 2 GENERAL SUPPORT Europe (Including Iceland and Greenland) 1 23781 wire GENERAL SUPPORT Sub-Saharan Africa 1 22000 wire true false true true true false ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS OUTSIDE U.S. SCHEDULE F, Part I, Line 2 The foundation makes grants outside of the U.S. only to organizations affiliated with stony brook university. In the case of a grant from funds of the foundation designated for a particular purpose, the designated account manager submits a requisition for the grant, together with supporting documentation, to the foundation's procurement department. A detailed justification for the grant is required, including the purpose of the grant. The grant request is reviewed, including for compliance with the terms of instrument designating the funds for a particular purpose, and approved. In the case of a request for more than $5,000, review, approval and manual check signature by the foundation's business office is required. In the case of grants from the foundation's unrestricted funds, a grantee submits a request, together with supporting documentation. A detailed justification for the grant is required, including the purpose of the grant. The budget committee, together with the foundation's executive director, reviews and approves grant request from the foundation's unrestricted funds. In all cases, at the end of the grant term, a final report regarding the use of the grant funds is submitted by the grantee to the foundation. FOREIGN FORMS Schedule F, Part IV Stony Brook Foundation, Inc. INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT, LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, THE FOUNDATIONS INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT THE FOUNDATION IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH THE Foundation's FORM 990-T FILING. X X X X X X X true Event Associates Inc 162 W 56th FUNDRAISING EVENT false 2072400 70000 2002400 2072400 70000 2002400 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SB GALA 2018 2072400 1988065 84335 12923 165179 131049 LISVH GOLF 165052 140548 24504 25587 19030 14550 19 498882 373996 124886 500 103012 40214 46943 2736334 2502609 233725 13423 293778 59244 192542 558987 -325262 25649 4494 369 false 25649 4494 369 4863 20786 NY true false false false 1.00000 Jo-Ann Daniels 230 Administration Bldg Stony Brook NY 11794 false Jonathan Spier 0 Member in Charge X false GAMING MANAGER INFORMATION Schedule G, PART III, line 16 The individual in charge of overseeing the Foundation's FUNDRAISING gaming activities is not compensated for that job responsibility; he undertakes this role as part of his ordinary business endeavors. true RESEARCH FOUNDATION - STONY BROOK UNIV S5422 FRANK MELVILLE Stony Brook NY 11794 141368361 501(C)(3) 1593392 Research Awards STONY BROOK UNIVERSITY OFFICE 261 ADMIN BLDG Stony Brook NY 11794 146013200 GOVERNMENT 10466593 1665910 book Equipment Educational Support ALUMNI ASSOC OF THE StUNIV OF NY at stony brook 1315 FM JRMEMLIBR Stony Brook NY 11794 510160098 501(C)(3) 36603 Operation Support FACULTY STUDENT ASSOCIATION W SIDE DINING FL 2 Stony Brook NY 11794 111986378 501(C)(3) 31806 Educational Support SB CLINICAL PRACTICE MANGEMENT PLAN INC PO BOX 1554 STONY BROOK NY 11790 461787308 501(c)(3) 20000 RESEARCH AWARDS LETS CAPER LLC 600 CIRCLE ROAD WHITMAN A33C STONY BROOK NY 11790 821777480 7500 academic prizes suffolk community college foundation 533 college road selden NY 11784 112983422 501(c)(3) 26470 academic prizes 6 1 ACADEMIC STIPENDS AND GRADUATE STUDENT FELLOWSHIPS 235 687368 Academic Prizes and Awards 909 465059 35286 book Educational Support Student Aid 98 146965 1186 Book Educational Support Scholarships 1055 2026214 ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS IN U.S. SCHEDULE I, PART I, LINE 2 When the Foundation issues grants from funds with a purpose restriction, the designated account manager submits a requisition for the grant, together with supporting documentation, to the foundation's procurement department. A detailed justification for the grant is required, including the purpose of the grant. The grant request is reviewed, including for compliance with the terms of instrument designating the funds for a particular purpose, and approved. When the Foundation issues a grant for more than $5,000, Review, approval and manual check signature by the foundation's business office is required. When the Foundation issues a grant from unrestricted funds, A grantee submits a request, Together with supporting documentation. A detailed justification for the grant or direct payment, As applicable, is required including the purpose of the grant or direct payment, As applicable. The budget committee, together with the foundation's executive director, reviews and approves requests from the foundation's unrestricted funds. Depending on the type of grant and the grant recipient, at the end of the grant term, a final report regarding the use of the grant funds is submitted by the grantee to the foundation. In lieu of making grant payments, the foundation may pay expenses directly on behalf of a grantee. For the academic prizes and awards, the funds are distributed incrementally, and the increments shall be based on business plan milestones and/or other benchmarks identified by the Committee. X false false false false false false false false false false false DR SAMUEL L STANLEY JR EX-OFFICIO TRUSTEE (VOTING) 264769 0 0 0 0 0 0 0 0 0 264769 0 0 0 Mr Jason W Hsueh CFO & COO 253192 0 0 0 0 0 0 0 108438 0 361630 0 0 0 Mr David Marcus CIO 302885 0 0 0 0 0 0 0 129721 0 432606 0 0 0 Jo-Ann Daniels Director, Finance & Operations 181891 0 0 0 0 0 0 0 77858 0 259749 0 0 0 Dr Lewis PasternakThru 218 CEO & VP for Health Systems 200000 0 317124 0 0 0 0 0 0 0 517124 0 0 0 Mr Luis Alvarez-Gaume Dir., Simons Ctr Geo & Physics 100000 0 0 0 83360 0 0 0 0 0 183360 0 0 0 Deborah Lowen-Klein AVP, Charitable Giving 232152 0 0 0 0 0 0 0 99206 0 331358 0 0 0 Danielle Holton ED Development, SBCH 164984 0 0 0 0 0 0 0 70655 0 235639 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A Stony Brook Universitys Director of the Simons Center for Geometry & Physics resides at a Stony Brook Foundation property rent & expense free. The fair market value of residing at the property was included in taxable income on his SBF form W-2. This amount is included in Schedule J, Column B(III). METHOD OF ESTABLISHING COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR SCHEDULE J, PART I, LINE 3 Stony Brook Foundations EXECUTIVE DIRECTOR IS A STATE UNIVERSITY EMPLOYEE, AND AS SUCH, THE STATE (AN UNRELATED GOVERNMENT ENTITY) DETERMINES APPROPRIATE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND REQUESTS THAT THE FOUNDATION AGREE TO BEAR A PORTION OF THE COMPENSATION. THE FOUNDATION'S BOARD RELIES ON THE STATE'S DETERMINATION OF APPROPRIATE OVERALL COMPENSATION FOR THE EXECUTIVE DIRECTOR AND DETERMINES WHETHER TO APPROVE PAYMENT OF A PORTION OF THE COMPENSATION BY THE FOUNDATION. ACCORDINGLY, SINCE THE FOUNDATION DOES NOT ESTABLISH THE EXECUTIVE DIRECTOR'S COMPENSATION, FORM 990, SCHEDULE J, QUESTION 3 IS LEFT BLANK. NONFIXED BONUS PAYMENTS SCHEDULE J, PART I, LINE 7 In accordance with Employment contracts, bonuses are determined by the guidelines outlined for each individual based on performance and merit. The bonuses are approved by each respective department, followed by approval from SBF CFO before the bonus is issued. Dr James SimonsHenry Laufer Board members/Substantial Contributors 47340790 Investments Held false Dr James SimonsHenry Laufer Board members/Substantial Contributors 717780 Investment Fees false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS Schedule L, Part IV The Foundation holds investments with an investment firm where Board of Trustees members, Dr. James Simons and Henry B. Laufer have an ownership interest and where they both sit on the Board of Directors. The value of the Foundations holdings with the firm is $47,340,790; for the year ending June 30, 2018, the Foundation paid the investment firm $717,780 in investment management fees. X 10 20204 FMV X 2 4500 fmv X 32 730546 FMV X supplies 23 1860 FMV X food & drink 1 5847 fmv 2 false true true Third Party Assistance of Noncash Contributions Sch M, Part I, Line 32b TO THE EXTENT THE FOUNDATION RECEIVES DONATIONS OF SECURITIES, IT EMPLOYS ITS OWN INVESTMENT BROKER TO LIQUIDATE THOSE SECURITIES INTO CASH FOR USE IN CARRYING OUT ITS CHARITABLE mission. Occasionally, the Foundation receives unique non-cash donations (e.g. of boats, etc); in those instances, the Foundation uses a third party vendor to dispose of the assets. AMOUNTS REPORTED ON LINE 15 FORM 990, PART I, LINE 15 Salaries, other compensation, AND employee benefits are comprised of support for campus programs, administrative offices and fundraising offices. For fiscal year 2018, the total support of $10,595,693 includes $6,389,666 related to campus programs, $2,342,402 related to administrative offices and $1,863,625 related to fundraising offices. organization's mission continued form 990, part iii, line 1 THE PURPOSES OF THE FOUNDATION ARE AS FOLLOWS: A. TO ASSIST IN DEVELOPING AND INCREASING THE RESOURCES OF THE STATE UNIVERSITY OF NEW YORK AT STONY BROOK ("STONY BROOK UNIVERSITY") IN ORDER TO PROVIDE MORE EXTENSIVE EDUCATIONAL OPPORTUNITIES AND SERVICES BY MAKING AND ENCOURAGING GIFTS, GRANTS, CONTRIBUTIONS AND DONATIONS OF REAL AND PERSONAL PROPERTY TO OR FOR THE BENEFIT OF STONY BROOK UNIVERSITY. B. TO RECEIVE, HOLD, ADMINISTER AND DISPOSE OF GIFTS AND GRANTS, AND TO ACT WITHOUT PROFIT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTIVES OF STONY BROOK UNIVERSITY. C. TO FINANCE THE CONDUCT OF STUDIES AND RESEARCH OF ANY AND ALL FIELDS OF INTELLECTUAL INQUIRY OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTIVES OF STONY BROOK UNIVERSITY AND/OR ITS CONSTITUENT SCHOOLS, AND TO ENTER INTO CONTRACTUAL RELATIONSHIPS APPROPRIATE TO THE PURPOSES OF THE FOUNDATION. D. TO GRANT AND/OR ADMINISTER SCHOLARSHIPS AND FELLOWSHIPS AND TO ENGAGE IN EXPERIMENTAL EDUCATION ACTIVITIES AND RESEARCH PROJECTS. Other Program Services Form 990, Part III, line 4d ORGANIZED Research Stony Brook Foundation provided support to SUNY Stony Brook in its efforts to maintain their reputation as a public research university that thrives on the forefront of discovery. As such, Stony Brook Foundation provides funding to support various areas of research including: cancer research (Stony Brook Cancer Center), Parkinson disease research (The Thomas Hartman Center for Parkinson's Research), environmental and sustainability research (Shinnecock Bay Restoration Program), chemical biology research, mercury exposure through the consumption of marine fish, research in New Conjugated Materials and many other various research efforts. Public Serv., Admin. Supp. & Student Support Stony Brook Foundation also aids in SUNY Stony Brooks firm commitment to providing a dedicated educational and social support system that enables all their students to thrive, by providing funding to improve student, administrative and public services across SUNY Stony Brook. Delegation of AUTHORITY Form 990, part VI, section A, line 1 The following committees of the Foundation's Board of Trustees have been delegated authority by the Board of Trustees. The Foundation's executive committee has all the power and authority of the Foundation'S Board ("Board") when the Board is not in session, except for the authority to fill vacancies on the board or any board committee, fix, if any, compensation for board trustees (none is presently paid) including any board committees, to amend, repeal or adopt new foundation bylaws, TO ELECT OR REMOVE ANY OFFICER OR TRUSTEE, TO APPROVE ANY PLAN OF MERGER OR DISSOLUTION, TO AUTHORIZE THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE FOUNDATION OR TO APPROVE AMENDMENTS TO THE FOUNDATIONS CERTIFICATE OF INCORPORATION. The Executive committee will also carry out any other responsibilities and duties delegated to it FROM the Board from time to time. The executive committee is obligated to report its activities and decisions at the next regularly-scheduled meeting of the full board. The foundation's audit committee is responsible for overseeing the foundation's accounting and financial reporting processes, administering the foundation's conflict of interest and whistleblower policies, and procurement or termination and overseeing the foundation's trusteesofficers' insurance coverage. THE AUDIT COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THe Foundation's budget committee is responsible for the general supervision of the FOundation's financial affairs and annual budget and will also carry out any other responsibilities and duties delegated to it by the board from time to time. THE BUDGET COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. The foundation's investment committee is responsible for the supervision of the foundation's investments and any individuals or entities to which investment management responsibility is delegated, the review of compensation of foundation investment managers who are also trustees or officers of the foundation and will also carry out any other responsibilities and duties delegated to it by the board from time to time. THE INVESTMENT COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. The Foundation's nominating committee provides assistance to the board as requested from time to time, including by establishing criteria for the selection of new trustees and identifying individuals qualified to become trustees, and will also carry out any other responsibilities and duties delegated to it by the board from time to time. THE NOMINATING COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. Family or Business Relationships Form 990, Part VI, Section A, line 2 Dr. chhabra and Dr. Simons have a Business relationship. Dr. laufer and Dr. Simons have a Business relationship. Dr. Lourie and Dr. Simons share a business relationship. DR. COLLER AND DR. SIMONS SHARE A BUSINESS RELATIONSHIP. DR. COLLER AND DR. SIMONS SHARE A BUSINESS RELATIONSHIP. DR. COLLER AND DR. SIMONS SHARE A BUSINESS RELATIONSHIP. CONTEMPORANEOUS DOCUMENTATION Form 990, part VI, section A, line 8b The foundation adopted policies pursuant to which the board and all committees of the board will contemporaneously document in minutes the meetings held (other than in executive session) And written actions undertaken. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 Form 990, Part VI, section B, Line 11 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 IS THEN FORWARDED TO THE EXECUTIVE COMMITTEE FOR REVIEW, COMMENT AND FINAL APPROVAL. THE FINAL VERSION IS CIRCULATED TO THE BOARD OF TRUSTEES. ENFORCEMENT OF CONFLICT OF INTEREST POLICY Form 990, Part VI, Section B, Line 12c Pursuant to the Foundation's bylaws (article IV, Section 11), all Trustees, officers and key persons are required to complete an annual conflict of interest certification. The Annual Certification requires each Trustee, officer and key employee of the Foundation to disclose in writing the existence of any potential conflicts of interest, to certify compliance with the conflict of interest policy and to agree to abide by it. The signed Certifications are reviewed by the chair of the audit committee. If an individual becomes aware that he or she may be involved in a potentially conflicted transaction, he or she will immediately disclose the existence and material facts of his or her interest in the conflicted transaction to the executive director of the foundation, who will report the matter to the chair of the Audit Committee. Board discussions pertaining to the conflict (and its resolution) are documented in the Board Minutes. PROCESS FOR DETERMINING COMPENSATION Form 990, Part VI, Section B, Lines 15A The compensation paid to the Foundations top management official (the Executive Director) is determined by an unrelated third party: the State of New York. The State has established compensation guidelines whereby compensation is capped at a specific level. The Foundation has no discretion to modify the compensation thresholds established by the State; however, the Foundation may APPROVE A REQUEST FROM THE UNIVERSITY TO PROVIDE additional compensation in an effort to attract talent and pay these individuals at a market rate rendering services to the Foundation. SUCH ADDITIONAL COMPENSATION IS THEN APPROVED BY THE FOUNDATION BOARD. The compensation is memorialized in an employment contract noting that a portion of salary will come from Stony Brook Foundation and another portion from the University, causing certain employees to receive two W-2s. PROCESS FOR DETERMINING COMPENSATION Form 990, Part VI, Section B, Line 15B The compensation paid to the Foundations other officers (COO, CFO and CIO) is recommended by the Foundations Executive Director, and is reviewed by an unrelated third party tax-exempt organization to determine if compensation is appropriate and within the guidelines of industry standards. The approved compensation is then memorialized in an employment contract. AVAILABILITY OF DOCUMENTS TO THE PUBLIC Form 990, Part VI, Line 19 STONY BROOK FOUNDATION, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. The Form 990 is likewise published on the internet at www.guidestar.org. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. COMPENSATION Form 990, Part VII In the interest of clarity, the Foundation is providing context on the compensation reported in both Part VII and Schedule J of the Form 990. The Foundation's Executive Director, Dexter Bailey, is a State University employee who undertakes two different job responsibilities: SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT at the State University of Stony Brook and as Executive Director of the foundation. Mr. Bailey's compensation reported on Part VII of the Form 990 represents compensation paid by the Foundation for services rendered by Mr. Bailey in his capacity as Executive Director and not for any services he renders to the State University of Stony Brook. BENEFITS NOT DISCLOSED ON SCHEDULE J ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. The funding to support State employee compensation is approved by the Foundation's Board of Directors. Dr. Samuel Stanley, ex-efficio trustee, is a NY state university employee. In 2009, The Stony Brook Foundation was asked by the SUNY Chancellor and SUNY Board of Trustees to supplement the President's compensation. Consistent with its mission to help advance the mission of the University, the Stony Brook Foundation Board approved this expense and continues to provide annual salary support. This compensation arrangement is reported in his annual conflict of interest disclosure that is shared with the Foundation's Board of Directors to ensure absolute transparency. Dr. Stanley's compensation, as reported on the Form 990, Part VII, represents the amount paid by the Foundation; to the extent Dr. Stanley is compensated by SUNY, it is not disclosed on this Form 990 as SUNY is not a related party and the services for which he was compensated were not rendered to the Foundation. Finally, it should be noted that Dr. Stanley is directly involved in fundraising on the Foundation's behalf, however, the compensation reported on the Form 990 is not specifically tied to those fundraising efforts. CFO & COO, Jason Hsueh, and CIO, David Marcus spend 100% of their time engaged in activities that support the Foundation; however, their compensation is paid by an unrelated third party tax-exempt organization and not directly by the Foundation. Compensation paid by an unrelated organization for services rendered to the Foundation is required to be disclosed in Part VII, Column (d) as though it had been paid by the Foundation. Highly Compensated Employees, Jo-Ann Daniels, Deborah Lowen-Klein and Danielle Holton, likewise, receive their compensation from an unrelated third party tax-exempt organization. There is a salary cap for state university EMPLOYEE: DR. PASTERNAK. IN RESPONSE TO THE UNIVERSITY'S OCCASIONAL REQUEST, THE STONY BROOK FOUNDATION'S BOARD DOES REVIEW AND APPROVE FUNDS FOR ADDITIONAL COMPENSATION TO THE UNIVERSITY EMPLOYEES SO THAT THE UNIVERSITY CAN RECRUIT THE BEST PEOPLE FOR THE JOB. INDIVIDUAL EMPLOYEES' CONTRACTS OUTLINE THE PORTION OF THEIR SALARY THAT WILL COME FROM STONY BROOK FOUNDATION AND ANOTHER PORTION FROM THE UNIVERSITY, CAUSING CERTAIN EMPLOYEES TO RECEIVE TWO W-2'S. BENEFITS ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. Stony Brook Foundation Realty 230 Administration Stony Brook NY 11794 112622814 Real Estate NY 501(c)(3) 12-I SBF true Long Island High Tech Incubator Inc 25 east loop road Stony Brook NY 11790 113059018 Develop Tech NY 501(c)(3) 10 NA false false false false true false false false false false false false true false true true false false false false Stony Brook Foundation Realty Inc d 318434 cost