2019-05-15T15:40:13-05:00 2018-06-30 383133790 ANDREWS HOOPER PAVLIK PLC 4295 OKEMOS RD STE 200 OKEMOS MI 488646201 990 2017-07-01 237326030 MICHIGAN STATE UNIVERSITY FOUNDATION MICH 5173539268 325 E GRAND RIVER AVE SUITE 275 EAST LANSING MI 48823 DAVID WASHBURN EXECUTIVE DIRECTOR 5173539268 2019-05-15 true JULIE M PFEIFLE P00751307 5177060800 2019-05-15 167.68.16.49 2019-05-15 15:40:13 CD P 80068F944CACDA910C931033D0123EB22FEB5640 CDAA69C8E48286D7E8E77F86895B9B0F57C8F28A 2017 2019-02-21 02:37:17Z X DAVID WASHBURN 375 E GRAND RIVER AVENUE SUITE 275 EAST LANSING MI 48823 186416559 false X WWW.MSUFOUNDATION.ORG X 1973 MI TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY. 19 18 18 22 -279679 -439352 4297601 9276982 3459 5584 12502020 22222367 550373 155387 17353453 31660320 11538163 34810473 0 2464555 3298800 0 248285 5696717 6298532 19699435 44407805 -2345982 -12747485 427055251 420884981 34811154 32321621 392244097 388563360 X TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY. false true 35049782 34810473 GRANTING FUNDS TO ADVANCE RESEARCH AND THE UNIVERSITYS SCHOLARLY INFRASTRUCTURE OF TEACHING AND DISSEMINATION OF NEW KNOWLEDGE, UNDERWRITING MSUS WORK IN TECHNOLOGY COMMERCIALIZATION, DEVELOPING, SCALING AND DE-RISKING BIO-BASED TECHNOLOGIES THROUGH MBI INTERNATIONAL, A WHOLLY-OWNED FOUNDATION SUBSIDIARY, FOSTERING THE CREATION OF STARTUP ENTERPRISES ORIGINATING FROM MSU THROUGH THE FOUNDATION'S SPARTAN INNOVATIONS SUBSIDIARY, AND PROVIDING FACILITIES AND BUILDING SITES AT THE UNIVERSITY CORPORATE RESEARCH PARK FOR TECHNOLOGY ENTERPRISES, UNIVERSITY TECHNOLOGY-DEVELOPMENT INITIATIVES, AND UNIVERSITY/INDUSTRY COLLABORATIONS. 1956047 5584 SPARTAN INNOVATIONS PROVIDES THE EDUCATIONAL AND FINANCIAL SUPPORT NECESSARY TO TURN MSU RESEARCH TECHNOLOGIES INTO SUCCESSFUL MICHIGAN BUSINESSES - AND SPUR ENTREPRENEURSHIP IN THE MICHIGAN ECONOMY. 37005829 true true false false false false false false false true true true false false true false false true false false false false false false false false false true false true false false false false false false false false true false false false true true true true false false true X 52 0 true 18 true false true CJ false false false false false false false false false X 19 18 false false false false false false false true true false false false true true true true true true true false MI NH WI X REBEKAH SKRZYNIARZ 5173539268 325 E GRAND RIVER AVE SUITE 275 EAST LANSING MI 48823 DAVID WASHBURN EXECUTIVE DI 45.00 2.00 X X 359594 0 54528 SATISH UDPA BOARD PRESID 2.00 X X 0 0 0 RANDOLPH COWEN CHAIRMAN 2.00 0.20 X X 0 0 0 SCOTT ESTON VICE CHAIRMA 2.00 X X 0 0 0 BRUCE LEECH TREASURER 2.00 X 0 0 0 JOHN PHILLIPS BOARD SECRET 2.00 0.20 X X 0 0 0 ALEXANDER MCAREE DIRECTOR 2.00 X 0 0 0 JOHN MCLANE DIRECTOR 2.00 X 0 0 0 BILL SEIFERT DIRECTOR 2.00 X 0 0 0 BRIAN BRESLIN DIRECTOR 2.00 X 0 0 0 MELANIE FOSTER DIRECTOR 2.00 X 0 0 0 SUE UNGER DIRECTOR 2.00 X 0 0 0 JOEL WITTENBERG DIRECTOR 2.00 X 0 0 0 JEFFREY DEGRAAF DIRECTOR 2.00 X 0 0 0 SARAH KUNST DIRECTOR 2.00 X 0 0 0 STAN SOKOWSKI DIRECTOR 2.00 X 0 0 0 JANICE STIPP DIRECTOR 2.00 X 0 0 0 STEVE HSU DIRECTOR 2.00 X 0 0 0 JUNE YOUATT DIRECTOR 2.00 0.20 X 0 0 0 TRACI CANNON CFO 45.00 2.00 X 183154 0 62110 ANDREW MCCOLM SI-DIRECTOR 45.00 0.00 X 201232 0 18827 FRANK URBAN SI-DIRECTOR 45.00 X 180096 0 31737 JEFF SMITH DIRECTOR OF 45.00 2.00 X 119960 0 16711 PAUL JAQUES DIRECTOR/STU 45.00 X 114698 0 16455 1158734 200368 6 false true false GRANGER CONSTRUCTION COMPANY 6267 AURELIUS ROAD LANSING MI 48911 CONSTRUCTION 5832221 MARXMODA 555 FRIENDLY STREET PONTIAC MI 483412650 FURN. INSTALL 611312 CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 60691 CONSULTANT 598382 CORPORATE AIR TRAVEL 6740 SOUTH SERVICE DRIVE WATERFORD MI 48327 CONTRACTOR 266587 TURNKEY NETWORK SOLUTIONS 7020 SOUTHBELT DRIVE SE CALEDONIA MI 49316 PROF. FEES 198147 5 9276982 1102800 9276982 BOOT CAMP REGISTRATIONS 812900 5584 5584 5584 9129422 9129422 1002459 567393 435066 435066 435066 167281791 154188846 13092945 13092945 13092945 SENTINEL CAPITAL PARTNERS IV, 900099 274087 274087 QUANTUM ENERGY PARTNERS IV 900099 104194 104194 STRATEGIC PARTNERS VI 900099 86745 86745 -744705 -744705 -279679 31660320 5584 -279679 22657433 34810473 34810473 659386 329693 230785 98908 1799039 1258878 468595 71566 717877 358938 291272 67667 122498 61249 51105 10144 21008 250 20758 78472 30801 47671 5623675 188607 5435068 64258 36928 27330 80743 80743 80027 80027 113810 113810 35272 17636 17636 224238 151288 72950 30393 15196 15197 14631 14631 SI BUSINESS EXPENSES 386301 386301 BAD DEBT 155783 155783 PARK MAINTENANCE 110733 110733 REAL ESTATE 72027 72027 -792839 -868219 75380 44407805 37005829 7153691 248285 328808 633630 9410648 6233787 858160 1449273 8111 119983 12025536 3587796 8329924 8437740 215093503 192938197 171884181 191075825 21141916 19996546 427055251 420884981 5461170 3425632 29349984 28895989 34811154 32321621 X 335471067 346692322 39859093 39875149 16913937 1995889 392244097 388563360 427055251 420884981 -12747485 9066748 X false true X true false X 5364482 5869460 7614491 4297601 9276982 32423016 5364482 5869460 7614491 4297601 9276982 32423016 3432740 28990276 2268695 7234457 5094412 6465462 10131881 31194907 580458 81432 113738 775628 64393551 5584 0.45020 0.51240 X 16913937 108640 1097865 16124553 1995889 15650239 105918 1707880 550100 16913937 15586738 105052 455460 497011 15650239 15630000 278485 218997 540744 15586738 14192540 19909 2011139 593588 15630000 1.00000 false false 5211800 5211800 6432654 3324294 3108360 381082 263502 117580 8437740 VENTURE CAPITAL INVESTMENTS 95358940 F LIMITED PARTNERSHIPS 95167027 F OTHER ASSETS 549858 F 191075825 DEPOSIT HELD FOR MSU 19215178 ANNUITIES PAYABLE 7973531 NOTES PAYABLE 1000000 LIFE ESTATE AGREEMENT OBLIGATIONS 707280 28895989 42056319 9066748 1329785 10396533 31659786 534 534 31660320 45737056 1329785 1329785 44407271 534 534 44407805 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE HELD AND MANAGED ON BEHALF OF MICHIGAN STATE UNIVERSITY. SCHEDULE D, PAGE 4, PART XI, LINE 2D EQUITY LOSS ON SUBSIDIARIES IN EXP 391,155 ANNUITY PAYABLE ADJ IN INC 938,630 SCHEDULE D, PAGE 4, PART XI, LINE 4B PARKING EXPENSES 534 SCHEDULE D, PAGE 4, PART XII, LINE 2D EQUITY LOSS ON SUBSIDIARIES IN EXP 391,155 ANNUITY PAYABLE ADJ IN INC 938,630 SCHEDULE D, PAGE 4, PART XII, LINE 4B PARKING EXPENSES 534 true MICHIGAN STATE UNIVERSITY BOARD OF TRUSTEES EAST LANSING MI 48824 386005984 3 34810473 VARIOUS VARIOUS SUPPORT UNIVERSITY 1 SCHEDULE I, PAGE 1, PART I, LINE 2 ALL GRANTS TO MICHIGAN STATE UNIVERSITY ARE DISCUSSED AND APPROVED BY THE EXECUTIVE COMMITTEE, GRANTS COMMITTEE, AND BOARD OF DIRECTORS. DISBURSEMENTS ARE MADE THROUGHOUT THE YEAR AS FUNDS ARE REQUESTED. X X X X false false false false false false false true false DAVID WASHBURN EXECUTIVE DIRECTOR 309594 50000 30959 23569 414122 TRACI CANNON CFO 173154 10000 35815 26295 245264 ANDREW MCCOLM SI-DIRECTOR VEN/CREA 175432 25800 17543 1284 220059 FRANK URBAN SI-DIRECTOR VEN/CREA 90048 90048 9005 22732 211833 SCHEDULE J, PAGE 1, PART I, LINE 7 COMPENSATION INCLUDES BOTH BASE AND VARIABLE COMPENSATION (NON-FIXED PAYMENTS). IN ACCORDANCE WITH ITS POLICIES, ALL ELEMENTS (BASE, VARIABLE, BENEFITS, AND PREREQUISITES) ARE COMPARED TO MARKET. X 4 1102800 false true true SCHEDULE M, PAGE 1, PART I, LINE 32B MSU FOUNDATION UTILIZES MICHIGAN STATE UNIVERSITY EMPLOYEES TO SOLICIT NON-CASH CONTRIBUTIONS VIA PHONE, EMAIL, PERSONAL CONTACTS, ETC. MSU FOUNDATION PROCESSES THE NON-CASH CONTRIBUTIONS ONCE THEY ARE RECEIVED. MSU FOUNDATION ONLY ACCEPTS REAL ESTATE AS NON-CASH CONTRIBUTIONS. FORM 990 - ORGANIZATION'S MISSION TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY. FORM 990 ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. FORM 990, PAGE 1, PART I, LINE 6 THE NUMBER OF VOLUNTEERS IS THE TOTAL FOR MSU FOUNDATION AND SPARTAN INNOVATIONS FORM 990, PAGE 2, PART III, LINE 3 DURING THE YEAR, THE FOUNDATION TRANSFERRED THE MAJORITY OF SCHOLARSHIPS, ENDOWMENTS, AND INSURANCE PREMIUM POLICIES TO MICHIGAN STATE UNIVERSITY. FORM 990, PART V, LINE 4B CAYMAN ISLANDS, BERMUDA, BRITISH VIRGIN ISLANDS, CANADA, IRELAND FORM 990, PAGE 6, PART VI JOHN ENGLER IS A NON-VOTING MEMBER. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE DIRECTOR OF FINANCE, EXECUTIVE DIRECTOR, AND CHAIRMAN OF THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST STATEMENT IS SIGNED BY EACH BOARD MEMBER AT THE START OF EACH NEW CALENDAR YEAR. IF THE BOARD MEMBER IS NOT ABLE TO SIGN OR IF THEY DISCLOSE THAT THERE IS A CONFLICT, THIS IS DISCUSSED WITH THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 15A UPON HIRING THE EXECUTIVE DIRECTOR, THE FOUNDATION UTILIZES INDEPENDENT CONSULTANTS AND THE FOUNDATION'S COMPENSATION COMMITTEE TO PREPARE A WRITTEN OFFER OF EMPLOYMENT LETTER. IN ADDITION, COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED BY THE COMPENSATION COMMITTEE EACH YEAR AND COMPENSATION IS ADJUSTED ACCORDINGLY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF THE FOUNDATION'S MANAGEMENT TEAM AND REMAINING STAFF IS REVIEWED AND APPROVED AS A SALARY LINE ITEM BY THE BOARD OF DIRECTORS DURING THE ANNUAL (JUNE) BUDGETING PROCESS AND IS DOCUMENTED IN THE BOARD MEETING MINUTES. ANNUALLY, SALARIES ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER WITH LOCAL AND NATIONAL COMPARATIVES TO JOB DESCRIPTIONS FOUND ON THE INTERNET AND WITHIN THE MSU STRUCTURE. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 EQUITY LOSS ON SUBSIDIARIES IN EXP 391,155 ANNUITY PAYABLE ADJ IN INC 938,630 PARKING EXPENSES -534 EQUITY LOSS ON SUBSIDIARIES IN EXP -391,155 ANNUITY PAYABLE ADJ IN INC -938,630 PARKING EXPENSES 534 SPARTAN INNOVATIONS 325 E GRAND RIVER EAST LANSING MI 48823 460683865 ENTERPREN MI -3173639 363797 MSU FDTN INVESTMENT HOLDINGS LLC 325 E GRAND RIVER EAST LANSING MI 48823 464056160 INVESTMENT MI -1777227 1543924 MSU FDTN TECHNOLOGY INVESTMENTS I LLC 325 E GRAND RIVER EAST LANSING MI 48823 320421927 INVESTMENT DE INVST HOLD UCRP B INC 325 E GRAND RIVER AVE STE 275 EAST LANSING MI 48823 382884948 REAL EST. MI 501C2 MSU FDTN true UCRP C INC 325 E GRAND RIVER AVE STE 275 EAST LANSING MI 48823 382884949 REAL EST. 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