2019-04-11T15:12:24-05:00 2018-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 329408229 990 2017-07-01 590974739 THE UNIVERSITY OF FLORIDA FOUNDATION INC UNIV 3523925475 PO BOX 14425 GAINESVILLE FL 32604 DAVID CHRISTIE CFO 3523925475 2019-04-09 1 JULIANA KREUL P01204534 3217516200 70.171.237.164 2019-04-09 12:07:23 MS P 67F082C77BB3E4828772D6FE8E6CF355B9EDBE22 40AE8FA7C6A25CAECA7F57205DD94C425C84315C 2017 2019-02-21 02:37:17Z TOM MITCHELL PO BOX 14425 GAINESVILLE FL 32604 182529437 0 X WWW.UFF.UFL.EDU X 1964 FL THE MISSION OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. IS TO EXCLUSIVELY SUPPORT AND ENHANCE THE UNIVERSITY OF FLORIDA, A COMPREHENSIVE LEARNING INSTITUTION BUILT ON A LAND-GRANT FOUNDATION, IN ITS MISSION OF "EXCELLENCE IN EDUCATION AND RESEARCH AND SHAPING A BETTER FUTURE FOR FLORIDA, THE NATION, AND THE WORLD," AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, BY CREATING AWARENESS, BUILDING RELATIONSHIPS, SECURING PRIVATE SUPPORT, RECOGNIZING DONORS, AND PERFORMING ALL BUSINESS-RELATED MATTERS TO ACCOMPLISH THESE PURPOSES. 22 18 43 500 -2079803 -2080706 147342180 141476848 0 0 10782659 12741369 8445107 7110108 166569946 161328325 114295204 124311850 0 0 14198092 13410014 768045 811522 13375572 22780128 19196957 152041469 157730343 14528477 3597982 1920352132 2035588587 82812311 70078195 1837539821 1965510392 X THE MISSION OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. IS TO EXCLUSIVELY SUPPORT AND ENHANCE THE UNIVERSITY OF FLORIDA, A COMPREHENSIVE LEARNING INSTITUTION BUILT ON A LAND-GRANT FOUNDATION, IN ITS MISSION OF "EXCELLENCE IN EDUCATION AND RESEARCH AND SHAPING A BETTER FUTURE FOR FLORIDA, THE NATION, AND THE WORLD," AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, BY CREATING AWARENESS, BUILDING RELATIONSHIPS, SECURING PRIVATE SUPPORT, RECOGNIZING DONORS, AND PERFORMING ALL BUSINESS-RELATED MATTERS TO ACCOMPLISH THESE PURPOSES. 0 0 45065902 36355844 6190820 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT, IN ACCORDANCE WITH DONOR RESTRICTIONS, TO THE MANY COLLEGES, UNITS, AND PROGRAMS OF THE UNIVERSITY OF FLORIDA. 24836187 24809106 300792 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR DONOR PROVIDED FINANCIAL AID TO QUALIFIED STUDENTS. 21582668 21453415 65062 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR FACULTY AND STAFF OF THE MANY COLLEGES AND UNITS OF THE UNIVERSITY OF FLORIDA INCLUDING, BUT NOT LIMITED TO, ENDOWED CHAIRS AND PROFESSORSHIPS. 19481848 19467539 749537 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR RESEARCH FUNDING. 12930165 12930165 16987 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA TO CONSTRUCT NEW BUILDINGS AND RENOVATE EXISTING FACILITIES TO ENHANCE THE EDUCATION EXPERIENCE OF ALL STUDENTS. 10157646 9295781 -304709 THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR OTHER PURPOSES, INCLUDING, BUT NOT LIMITED TO, SPECIAL EVENTS, PROJECTS AND PROGRAMS WITH MULTIPLE OR BROAD PURPOSES. 42569659 41693485 461815 134054416 1 1 0 1 0 1 1 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 124 0 1 43 1 0 0 0 0 1 1 1 1 1 8 0 0 0 0 0 0 X 22 18 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CA KY MD MI MN NH NJ NY OH OR SC UT WA WI CO DC NV ME LA MA X X DAVID CHRISTIE 3523925475 1938 W UNIVERSITY AVENUE GAINSVILLE FL 32603 S ANDREW BANKS DIRECTOR 1.00 X 0 0 0 KELLEY A BERGSTROM DIRECTOR 1.00 X 0 0 0 CAROL M BREWER DIRECTOR 1.00 X 0 0 0 SHANNON E CARBONE DIRECTOR 1.00 X 0 0 0 J REX FARRIOR III DIRECTOR 1.00 X 0 0 0 W KENT FUCHS DIRECTOR 1.00 41.00 X 0 1083650 74409 ELIZABETH D GADSBY DIRECTOR 1.00 X 0 0 0 JOE GLOVER DIRECTOR 1.00 40.00 X 0 449215 44059 JOSEPH HERNANDEZ DIRECTOR 1.00 X 0 0 0 RHONDA D HOLT DIRECTOR 1.00 X 0 0 0 LINDA P HUDSON DIRECTOR 1.00 X 0 0 0 DIANE MCFARLIN DIRECTOR 1.00 40.00 X 0 270705 31418 LINDA C MCGURN DIRECTOR 1.00 X 0 0 0 MIKE V MCKEE DIRECTOR 1.00 40.00 X 0 320650 91784 JOELEN K MERKEL DIRECTOR 1.00 X 0 0 0 M ANN O'BRIEN DIRECTOR 1.00 X 0 0 0 LOUIS H OBERNDORF DIRECTOR 1.00 X 0 0 0 KATHRYN S PRESSLY DIRECTOR 1.00 X 0 0 0 JON W PRITCHETT DIRECTOR 1.00 X 0 0 0 JAMES H PUGH JR DIRECTOR 1.00 X 0 0 0 JODY SWANSON DIRECTOR 1.00 X 0 0 0 GWYNNE YOUNG DIRECTOR 1.00 X 0 0 0 GALE V KING CHAIR 1.00 X 0 0 0 BETH A MCCAGUE CHAIR 1.00 X 0 0 0 ANITA ZUCKER VICE-CHAIR 1.00 X 0 0 0 THOMAS J MITCHELL EXECUTIVE VICE PRESIDENT 40.00 1.00 X 815285 0 47542 DAVID M CHRISTIE TREASURER 40.00 X 195012 0 36517 KAREN RICE ASSOCIATE VP 40.00 X 215498 0 28385 SUSAN GOFFMAN SECRETARY 40.00 X 154746 0 31429 JOSEPH A MANDERNACH ASSOCIATE VP 40.00 X 232131 0 20092 RISE WILSON ASSOCIATE VP 40.00 X 218958 0 38269 JOHN KNIGHT SR LEGAL COUNSEL 40.00 X 199569 0 40533 MARIA MARTIN ASSISTANT VP 40.00 X 186904 0 36581 PAUL CASPERSEN ASSISTANT VP 40.00 X 186625 0 36986 MARGARET HENDRYX ASSISTANT VP 40.00 X 173992 0 23540 2578720 2124220 581544 24 0 1 0 UNIVERSITY OF FLORIDA INVESTMENT CORP 4510 NW 6TH PLACE 2ND FLOOR GAINESVILLE FL 32607 INVESTMENT MANAGEMENT 2680335 THE EXPO GROUP INC 5931 W CAMPUS CIRCLE DR IRVING TX 75063 PRODUCTION SERVICES 991857 RUFFALOCODY PO BOX 3018 CEDAR RAPIDS IA 52406 PROFESSIONAL FUNDRAISERS 791362 ONE SIXTY OVER NINETY FL LLC ONE SOUTH BROAD ST PHILADELPHIA PA 19107 MARKETING SERVICES 671508 MARKETING COMMUNICATION RESOURCE INC 4800 E 345TH ST WILLOUGHBY OH 44094 PRINTING AND PUBLICATIONS 271606 17 393293 9200000 131883555 24701195 141476848 9227124 -2079803 11306927 2715633 2715633 445386 353767 91619 91619 91619 24361590 20847345 3514245 3514245 3514245 MISCELLANEOUS 900099 2889833 2889833 TRANSFERS FROM COMPONE 900099 1110228 1110228 REUNIONS AND OTHER EVE 900099 302795 302795 4302856 161328325 7018489 -2079803 14912791 124311850 124311850 1774097 371273 1402824 6243738 934449 5309289 1202652 1202652 4144289 2209232 1935057 45238 41306 3932 56299 1291 55008 211706 211706 12500 12500 811522 811522 2643630 2643630 2809108 1195300 1027663 586145 3033 373 1760 900 2160497 891445 421733 847319 226341 53 190459 35829 180949 5672 107261 68016 1443479 61202 92728 1289549 989292 242743 60002 686547 103372 103372 784526 167729 562076 54721 246999 9013 237986 INCOME TAX EXPENSE 34414 34414 BAD DEBT EXPENSE 7231257 7229920 1337 ENTERTAINMENT 557169 44046 19575 493548 REPAIRS & MAINTENANCE 385452 383061 2391 -883066 -2900137 2169088 -152017 157730343 134054416 10300355 13375572 7890872 7937421 20372926 10888613 146796631 136770957 1265019 873413 26504 75477445 8166439 61585162 67311006 1066620 1125115 1644451957 1768822296 36922945 41833262 1920352132 2035588587 15408764 11298839 4248128 3132593 63155419 55646763 82812311 70078195 X 4162715 11501124 487910626 555567582 1345466480 1398441686 1837539821 1965510392 1920352132 2035588587 X 3597982 128375704 -4003115 X X 0 1 X 1 0 X 112526206 94670312 157419054 147342180 141476848 653434600 9507106 12254812 13197489 13944512 14195986 63099905 122033312 106925124 170616543 161286692 155672834 716534505 7256351 709278154 2777991 10942428 9525045 14862142 14467946 52575552 4502230 5095969 6936253 5703836 4302856 26541144 795651201 0.89140 0.90880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: TRANSFERS FROM COMPONENT UNITS MISC REUNIONS EVENTS - 2013 AMOUNT: $ 4,502,230. 2014 AMOUNT: $ 5,095,969. 2015 AMOUNT: $ 6,936,253. 2016 AMOUNT: $ 5,703,836. 2017 AMOUNT: $ 4,302,856. 1 0 0 0 0 0 1 12500 0 0 12500 0 PART II-B, LINE 1: ALL LOBBYING ACTIVITIES AND EXPENDITURES ARE INCURRED IN SUPPORT OF THE UNIVERSITY OF FLORIDA. LOBBYING EXPENDITURES INCLUDE PAYMENTS TO LOBBYISTS AND LOBBYING ORGANIZATIONS. THESE PAYMENTS CONSIST OF CONSULTING, TRAVEL, REIMBURSEMENT, DUES, AND OTHER COSTS, AS APPROVED BY THE UNIVERSITY OF FLORIDA. 1 0 5368 1756 1 1 X X 1 0.25 0 0 0 1 1 4.00 375 X X X X 1 1605037361 58785811 140709370 15292042 42390909 19449840 1727399751 1461347379 45827771 171811218 14737083 40436584 18775340 1605037361 1555703098 33209849 -53255974 14722955 40710952 18875687 1461347379 1519522419 32960718 70271543 13644827 37841226 15565529 1555709098 1359642610 36853138 185443842 12549814 35438039 14429318 1519522419 0.00000 1.00000 0.00000 0 0 58545859 58545859 7460120 5184099 2276021 4127746 2982340 1145406 5343720 5343720 67311006 COMMINGLED FUNDS 35140264 F PRIVATE EQUITY 1733682032 F 1768822296 TRUST LIABILITY 16173261 AMOUNTS INVESTED ON BEHALF OF UF ENTITIES 29763510 PRESENT VALUE OF FUTURE ANNUITY 8559162 DEFERRED MANAGEMENT FEES 868153 PROJECT COMMITMENT 282677 55646763 X 306881530 128375704 14195986 2981515 145553205 161328325 0 161328325 171009788 14195986 3784987 17980973 153028815 4701528 4701528 157730343 PART II, LINE 9: CONTRIBUTIONS TO THE LAND PRESERVE ARE GENERALLY RECORDED AT THEIR APPRAISED VALUE AT THE DATE OF THE GIFT, AND ARE CONSIDERED BY MANAGEMENT TO BE NON-REVENUE PRODUCING ASSETS. THE VALUE OF THE CONTRIBUTED NON-REVENUE PRODUCING ASSETS IS INCLUDED IN THE STATEMENT OF ACTIVITIES. PART III, LINE 1A: THE FOUNDATION DOES NOT CAPITALIZE ITS PERMANENT COLLECTIONS. THE FOUNDATION OWNS THE COLLECTION OF THE SAMUEL P. HARN MUSEUM OF ART. THESE COLLECTION ITEMS ARE UNDER THE CONTROL OF THE HARN AND THESE ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS AND PURCHASES SINCE INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. CONTRIBUTED COLLECTION ITEMS OF $710,496 AND $997,679 FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, RESPECTIVELY, ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PURCHASES OF COLLECTION ITEMS OF $359,423 AND $304,283 FOR YEARS ENDED JUNE 30, 2018 AND 2017, RESPECTIVELY, ARE RECORDED AS DECREASES IN THE APPROPRIATE NET ASSET CLASS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. PART III, LINE 4: THE ORGANIZATION RECEIVES AND MAY HOLD ART OBJECTS AND OTHER COLLECTIONS, INCLUDING ARTIFACTS, BOOKS, MANUSCRIPTS, AND DOCUMENTS, EITHER GIFTED TO THE ORGANIZATION FOR THE BENEFIT OF THE UNIVERSITY OF FLORIDA OR ACQUIRED WITH FUNDS GIFTED FOR THAT PURPOSE. THESE OBJECTS ARE HELD FOR USE BY THE UNIVERSITY'S MUSEUMS AND LIBRARIES IN FURTHERANCE OF THE UNIVERSITY'S EDUCATIONAL MISSION. PART V, LINE 4: ENDOWMENT FUNDS ARE ESTABLISHED FOR A MULTITUDE OF PURPOSES TO BENEFIT THE UNIVERSITY OF FLORIDA. THE REASONS INCLUDE, BUT ARE NOT LIMITED TO, PROFESSORSHIPS, SCHOLARSHIPS, RESEARCH, FACILITIES AND GENERAL COLLEGE SUPPORT. PART V, ENDOWMENT FUNDS, SUPPLEMENTAL INFORMATION: ENDOWMENT NET ASSETS AND ACTIVITY FOR UNIVERSITY OF FLORIDA RELATED ENTITIES ARE NOT INCLUDED IN THE SCHEDULE ON PART V SINCE THE ACTIVITY OF THE RELATED ENTITIES IS ELIMINATED AND THE NET ASSETS ARE RECORDED AS A HELD ON BEHALF LIABILITY. THE ENDOWMENT NET ASSETS INCLUDING THOSE ENTITIES AT JUNE 30, 2018 IS AS FOLLOWS: $1,727,399,751 ENDOWMENT NET ASSETS 7,261,362 HELD ON BEHALF OF UNIVERSITY OF FLORIDA RELATED ENTITIES $1,734,661,113 TOTAL UNIVERSITY ENDOWMENT THE ENDOWMENT NET ASSETS INCLUDING THOSE ENTITIES AT JUNE 30, 2017 IS AS FOLLOWS: $1,605,037,361 ENDOWMENT NET ASSETS 6,966,050 HELD ON BEHALF OF UNIVERSITY OF FLORIDA RELATED ENTITIES $1,612,003,411 TOTAL UNIVERSITY ENDOWMENT PART X, LINE 2: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: UF ALUMNI ASSOCIATION ACTIVITY REPORTED ON SEPARATE RETURN 2,627,748. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE ON PART VIII 353,767. PART XII, LINE 2D - OTHER ADJUSTMENTS: UF ALUMNI ASSOCIATION ACTIVITY REPORTED ON SEPARATE RETURN 3,431,220. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE ON PART VIII 353,767. PART XII, LINE 4B - OTHER ADJUSTMENTS: PENSION CHANGES OTHER THAN NET PERIODIC PENSION COSTS SHOWN AS OTHER CHANGE IN NET ASSETS ON AUDITED FINANCIAL STATEMENTS -3,333,201. PROVISION FOR DOUBTFUL PLEDGES SHOWN AS OTHER CHANGES IN NET ASSETS ON AUDITED FINANCIAL STATEMENTS 7,231,257. TRANSFERS TO THE UF ALUMNI ASSOCIATION NOT SHOWN FOR BOOK PURPOSES 803,472. PART XI, LINE 2B - DONATED SERVICES AND USE OF FACILITIES IN-KIND OCCUPANCY RENT 1,431,505 FUNDRAISERS' SALARIES AND EXPENSES PAID BY THE UNIVERSITY OF FLORIDA 12,764,481 TOTAL TO SCHEDULE D, PART XI, LINE 2B 14,195,986 X X X X X X 1 RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 PHONE PROGRAM 0 1003625 811522 192103 1003625 811522 192103 AK AZ AL AR CA CO FL GA HI IL KS KY MD MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI CT MA DC LA ME NV 1 UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 4638564 APPRAISAL, FMV NON-CASH DONATIONS OF TANGIBLE PROPERTY ALLOCATION UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 8293589 SCHOLARSHIPS UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 110576450 ALLOCATION UF ALUMNI ASSOCIATION PO BOX 14425 GAINESVILLE FL 32604 592911059 501(C)(3) 803247 ALLOCATION 2 0 PART I, LINE 2: THE UNIVERSITY OF FLORIDA FOUNDATION, INC. TRANSFERS SCHOLARSHIP MONIES TO THE UNIVERSITY OF FLORIDA FINANCIAL AID OFFICE. MONITORING OF THESE FUNDS IS DONE BY THE UNIVERSITY'S FINANCIAL AID OFFICE. THE UNIVERSITY OF FLORIDA ALUMNI ASSOCIATION (UFAA) OPERATES AS A UNIT WITHIN THE UNIVERSITY OF FLORIDA FOUNDATION, INC. THEREFORE, ALL CASH DISBURSEMENTS FOR THE UFAA ARE SUBJECT TO THE SAME CONTROLS AS THE UNIVERSITY OF FLORIDA FOUNDATION, INC. THE UNIVERSITY OF FLORIDA FOUNDATION, INC. TRANSFERS BOTH CASH AND NON-CASH CONTRIBUTIONS TO SUPPORT THE UNIVERSITY OF FLORIDA, AN AFFILIATED ENTITY. ALL CONTRIBUTIONS RECEIVED ARE SUBJECT TO THE POLICIES AND PROCEDURES OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. AND ARE DEEMED ADEQUATE. X X 1 1 0 0 0 0 0 0 0 0 0 W KENT FUCHS DIRECTOR 0 867253 0 63158 0 153239 0 54144 0 20265 0 1158059 0 0 JOE GLOVER DIRECTOR 0 440575 0 0 0 8640 0 32770 0 11289 0 493274 0 0 DIANE MCFARLIN DIRECTOR 0 270705 0 0 0 0 0 21948 0 9470 0 302123 0 0 MIKE V MCKEE DIRECTOR 0 309603 0 0 0 11047 0 70108 0 21676 0 412434 0 0 THOMAS J MITCHELL EXECUTIVE VICE PRESIDENT 502622 0 0 0 312663 0 23976 0 23566 0 862827 0 0 0 DAVID M CHRISTIE TREASURER 193495 0 0 0 1517 0 16320 0 20197 0 231529 0 0 0 KAREN RICE ASSOCIATE VP 213824 0 0 0 1674 0 16926 0 11459 0 243883 0 0 0 SUSAN GOFFMAN SECRETARY 145217 0 0 0 9529 0 0 0 31429 0 186175 0 0 0 JOSEPH A MANDERNACH ASSOCIATE VP 230351 0 0 0 1780 0 19148 0 944 0 252223 0 0 0 RISE WILSON ASSOCIATE VP 218577 0 0 0 381 0 18270 0 19999 0 257227 0 0 0 JOHN KNIGHT SR LEGAL COUNSEL 145505 0 0 0 54064 0 0 0 40533 0 240102 0 0 0 MARIA MARTIN ASSISTANT VP 185405 0 0 0 1499 0 15718 0 20863 0 223485 0 0 0 PAUL CASPERSEN ASSISTANT VP 185125 0 0 0 1500 0 15728 0 21258 0 223611 0 0 0 MARGARET HENDRYX ASSISTANT VP 171817 0 0 0 2175 0 13518 0 10022 0 197532 0 0 0 PART I, LINE 1A PRIVATE AIRCRAFT ARE USED, AS APPROPRIATE, WHEN UNIVERSITY OF FLORIDA FOUNDATION (UFF) LEADERSHIP NEED TO MAKE A BUSINESS TRIP WHEN THE TIMING OR LOCATION NECESSITATES THE USE OF SUCH PLANES. TRAVEL IS PROVIDED, ON FUNDRAISING TRIPS, FOR COMPANIONS OF UFF LEADERSHIP WHEN A BONA FIDE BUSINESS PURPOSE EXISTS. THESE BENEFITS ARE NOT TAXABLE INCOME TO THE RECIPIENTS ON SCHEDULE J, PART II. PART I, LINE 3 THE UNIVERSITY OF FLORIDA, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION FOR THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: * INDEPENDENT COMPENSATION CONSULTANT * WRITTEN EMPLOYMENT CONTRACT * COMPENSATION SURVEY OR STUDY X 81 1131108 FAIR MARKET VALUE X 56415 FAIR MARKET VALUE X 190 10484577 FAIR MARKET VALUE X 18 4230812 FAIR MARKET VALUE X 2 4200001 FAIR MARKET VALUE X 52 519564 FAIR MARKET VALUE X EQUIPMENT AND SUPPLIES 209 3947028 FAIR MARKET VALUE X LIVESTOCK 7 98500 FAIR MARKET VALUE X AUCTION ITEMS 158 33190 FAIR MARKET VALUE 35 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE FOUNDATION USES AUCTION HOUSES AND THIRD-PARTY BROKERS TO SELL DONATED PROPERTY. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY PRESIDENT SELECTS TWO MEMBERS TO SERVE ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ALL AMENDMENTS TO THE BYLAWS AND ARTICLES ARE SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B AS BEST PRACTICES DICTATES, THE IRS FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE PRIOR TO ITS FILING. THE BOARD OF DIRECTORS OFFICIALLY DELEGATED THE RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE BY MOTION ADOPTED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST PROVISION OF THE FOUNDATION'S BYLAWS REQUIRES DISCLOSURE OF CONFLICTS. AT THE BEGINNING OF EACH FISCAL YEAR, DISCLOSURE FORMS ARE SENT TO EACH DIRECTOR AND OFFICER. ANY RESPONSES INDICATING A POSSIBLE CONFLICT ARE REVIEWED BY LEGAL COUNSEL AND THE ASSOCIATE VICE PRESIDENT TO DETERMINE WHETHER FURTHER ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY OF FLORIDA, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER UNIVERSITY FOUNDATIONS NATIONALLY. FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE ON THE UNIVERSITY OF FLORIDA FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: DECREASE IN VALUE OF SPLIT INTEREST AGREEMENTS -4,003,115. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING THE INDEPENDENT AUDITOR HAS REMAINED THE SAME. THE REQUEST FOR PROPOSAL (RFP) PROCESS WAS EXTENDED TO EVERY TEN YEARS TO ALIGN WITH THE FIVE YEAR PARTNER ROTATION. UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 UNIVERSITY FL N/A 0 UNIVERSITY OF FLORIDA ALUMNI ASSOCIATION 2012 W UNIVERSITY AVE GAINESVILLE FL 32603 592911059 DIRECT SUPPORT ORGANIZATION FL 501(C)3 LINE 7 N/A 0 FLORIDA PRIVATE INVESTMENTS FUND LP 4510 NW 6TH PLACE GAINESVILLE FL 32607 270277240 INVESTMENT IN OTHER ENTITIES DE UFICO LLC EXCLUDED FROM TAX 0 0 FLORIDA LONG TERM POOL FUND LP 4510 NW 6TH PLACE GAINESVILLE FL 32607 270277090 INVESTMENT IN OTHER ENTITIES DE UFICO LLC EXCLUDED FROM TAX 0 0 FLORIDA SHORT-TERM POOL FUND LP 4510 NW 6TH PLACE GAINESVILLE FL 32607 270276790 INVESTMENT IN OTHER ENTITIES DE UFICO LLC EXCLUDED FROM TAX 0 0 FLORIDA GLOBAL EQUITY FUND LLC 4510 NW 6TH PLACE GAINESVILLE FL 32607 270276884 INVESTMENT IN OTHER ENTITIES DE UFICO LLC EXCLUDED FROM TAX 0 0 FLORIDA GLOBAL FIXED INCOME FUND LLC 4510 NW 6TH PLACE GAINESVILLE FL 32607 270277004 INVESTMENT IN OTHER ENTITIES DE UFICO LLC EXCLUDED FROM TAX 0 0 FLORIDA HEDGED STRATEGIES FUND LLC 4510 NW 6TH PLACE GAINESVILLE FL 32607 270277727 INVESTMENT IN OTHER ENTITIES DE UFICO LLC EXCLUDED FROM TAX 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 1 1 0 1 0 0 UNIVERSITY OF FLORIDA B 123508603 FMV UNIVERSITY OF FLORIDA C 8455482 FMV UNIVERSITY OF FLORIDA E -15535 FMV UNIVERSITY OF FLORIDA J 236939 FMV UNIVERSITY OF FLORIDA K 1431505 FMV UNIVERSITY OF FLORIDA O 12764481 FMV UNIVERSITY OF FLORIDA Q 744518 FMV