2019-04-18T10:26:58-05:00 2018-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2017-07-01 237039817 THE BARUCH COLLEGE FUND % IRINA LASKIN BARU 6466606668 One Bernard Baruch Way NEW YORK NY 10010 MAX W BERGER PRESIDENT 2019-04-18 true Daniel Romano P00504182 2125990100 209.220.136.124 26377520191085000000 2019-04-18 P 291E025DE685439B25BC089E913D5F97705FB530 A87539D75D44546F9E81755E19BD8DC508F41D5E 2017 2019-02-21 02:37:17Z KATHARINE T COBB ONE BERNARD BARUCH WAY NEW YORK NY 10010 41265570 false X WWW.BARUCH.CUNY.EDU X 1970 NY THE FUND ENGAGES IN GENERATING, ENCOURAGING & PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS OF THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. 45 45 477 1 -419296 -811125 20452365 16820442 0 0 6340184 3892455 -29665 -36227 26762884 20676670 6444162 10049760 0 0 6254624 6510126 222709 258100 2150394 1753813 1641097 14675308 18459083 12087576 2217587 197380493 210051751 3561565 3255882 193818928 206795869 X THE BARUCH COLLEGE FUND IS AN ORGANIZATION ENGAGED IN GENERATING, ENCOURAGING AND PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS OF THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. false false 14498773 9250731 0 THE FUND SUPPORTS ACTIVITIES THROUGH SCHOLARSHIPS AND AWARDS AND GRANTS TO THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK ("THE COLLEGE") FOR VARIOUS EDUCATIONAL PURPOSES SUCH AS THE SUPPORT OF THE COLLEGES THEATER, PUBLICATIONS, FACULTY, ART GALLERY, AND STUDENT SERVICES. STUDENT SERVICES INCLUDE ACTIVITIES SUCH AS THE STARR CAREER DEVELOPMENT CENTER, THE SCHWARTZ COMMUNICATION INSTITUTE, AND THE WEISSMAN CENTER FOR INTERNATIONAL BUSINESS, WHICH SERVICE THE ENTIRE STUDENT BODY. IN ADDITION TO SCHOLARSHIPS, AWARDS, AND GRANTS, THE FUND PAYS EXPENSES, INCLUDING CERTAIN COMPENSATION SUPPLEMENTS, ON BEHALF OF THE COLLEGE TO ENABLE IT TO ATTRACT AND RETAIN THE BEST TALENT TO CARRY OUT ITS EDUCATIONAL MISSION. 799029 799029 0 EITHER DIRECTLY OR INDIRECTLY (THROUGH BCF FUNDS TRANSFERRED TO THE CITY UNIVERSITY OF NEW YORK TO REDUCE STUDENT TUITION OBLIGATIONS), THE BCF PROVIDED OVER $4 MILLION IN SCHOLARSHIPS AND AWARDS TO 1,499 STUDENTS IN FY 2018. ALL SCHOLARSHIP AND AWARDS RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON INDIVIDUAL SCHOLARSHIP AND AWARD FUND CRITERIA. 15297802 true true false false false false false false false true false true false true true true true false false false true false false true true false false true true true false false false false false false false false true false false false false true false false false true X 178 0 true 477 true false false false false false true true false false false false false X 45 45 true false false false false false false true true false false true true true true true true true true false CA MD MA MI NJ NY OR SC X IRINA LASKIN 6466606668 ONE BERNARD BARUCH WAY NEW YORK NY 10010 Keith J Anzel Trustee 1.0 0.0 X 0 0 0 Robert J Aquilina Trustee 1.0 0.0 X 0 0 0 Helene R Banks Trustee 1.0 0.0 X 0 0 0 Max W Berger president 4.0 0.0 X X 0 0 0 Jason S Berman Trustee 1.0 0.0 X 0 0 0 Marc L Berman Trustee 1.0 0.0 X 0 0 0 Debra Bernstein Trustee 1.0 0.0 X 0 0 0 Kevin J Boyle Trustee 1.0 0.0 X 0 0 0 Daniel Clivner vice president 1.0 0.0 X X 0 0 0 Joel J Cohen Trustee 1.0 0.0 X 0 0 0 Jeffrey Cole Trustee (AS OF 09/2017) 1.0 0.0 X 0 0 0 Charles R Dreifus Trustee 1.0 0.0 X 0 0 0 Irwin R Ettinger Trustee 1.0 0.0 X 0 0 0 Lawrence N Field Trustee 1.0 0.0 X 0 0 0 Lewis Friedman Trustee 1.0 0.0 X 0 0 0 Buzzy Geduld Trustee (AS OF 02/2018) 1.0 0.0 X 0 0 0 Dov Gertzulin Trustee 1.0 0.0 X 0 0 0 Sanjit Gill Trustee 1.0 0.0 X 0 0 0 William F Harnisch Trustee 1.0 0.0 X 0 0 0 Dennis J Hickey Trustee 1.0 0.0 X 0 0 0 Joanne M Hvala secretary 1.0 0.0 X X 0 0 0 Salihe Isljami Trustee (THRU 06/2018) 1.0 0.0 X 0 0 0 Peter S Jonas Trustee 1.0 0.0 X 0 0 0 Eric M Kirsch Trustee 1.0 0.0 X 0 0 0 Paul M Koren Trustee 1.0 0.0 X 0 0 0 David Krell Trustee 1.0 0.0 X 0 0 0 Joseph M Leone Trustee 1.0 0.0 X 0 0 0 Christine S Li-Auyeung Trustee 1.0 0.0 X 0 0 0 Luz D Liebeskind Trustee 1.0 0.0 X 0 0 0 Robert MacGowan Trustee (THRU 06/2018) 1.0 0.0 X 0 0 0 Mark Martinelli Trustee 1.0 0.0 X 0 0 0 Austin W Marxe Trustee 1.0 0.0 X 0 0 0 Vincent J Masi treasurer 1.0 0.0 X X 0 0 0 Richard S Merians Trustee 1.0 0.0 X 0 0 0 Helen J Mills Trustee 1.0 0.0 X 0 0 0 Richard C Paul Trustee 1.0 0.0 X 0 0 0 Joseph S Pignatelli Trustee 1.0 0.0 X 0 0 0 M Freddie Reiss Trustee 1.0 0.0 X 0 0 0 Dov C Schlein Trustee 1.0 0.0 X 0 0 0 Carl C Schmidt Trustee 1.0 0.0 X 0 0 0 Robert H Schnell Trustee 1.0 0.0 X 0 0 0 Harvey Schulweis Trustee 1.0 0.0 X 0 0 0 Stuart A Shikiar Trustee 1.0 0.0 X 0 0 0 Lawrence J Simon Trustee 1.0 0.0 X 0 0 0 Howard I Smith Trustee 1.0 0.0 X 0 0 0 Gillian Van Schaick Trustee (THRU 05/2018) 1.0 0.0 X 0 0 0 Sandra K Wasserman Trustee 1.0 0.0 X 0 0 0 Kam H Wong Trustee (THRU 05/2018) 1.0 0.0 X 0 0 0 Lawrence L Zicklin chairman 1.0 0.0 X X 0 0 0 Katharine T Cobb VP Admin/Finance 10.0 30.0 X 0 204271 35143 Irina Laskin Controller 35.0 0.0 X 113802 0 26491 Mitchel B Wallerstein President - Baruch College 10.0 30.0 X 74999 326333 50788 Harry F Huss Dean 0.0 35.0 X 118600 266669 21253 Steven Lilien Professor 0.0 35.0 X 81493 148245 40950 Terrence Martell Professor 0.0 35.0 X 154473 170040 43942 David Birdsell Dean 0.0 35.0 X 95000 176691 34232 Yildiray Yildirim Professor 0.0 35.0 X 97360 315928 40401 735727 1608177 293200 3 false true false PAXTON ELLIS ADVISORY LLC 345 WEST 58TH STREET SUITE 7XY NEW YORK NY 10019 PROGRAM REVIEW 226337 CTS GROUP ARCHITECTUREPLANNING PA 17 COMMERCE STREET CHATHAM NJ 07928 Architectural svcs 193005 PRIME BUCHHOLZ ASSOCIATES INC PO BOX 16011 LEWISTON ME 042439588 ADVISORY SERVICES 164189 FUTURE FUNDS LLC 58 THORNYCROFT AVENUE STATEN ISLAND NY 10312 PLAN GIVING COUNSEL 132000 4 992111 15828331 348246 16820442 0 1521111 -419296 1940407 0 0 0 0 0 22830917 20459573 2371344 2371344 2371344 93100 992111 129327 -36227 -36227 0 0 0 0 0 0 0 20676670 -419296 4275524 9250731 9250731 799029 799029 0 0 168164 42804 125360 0 6070532 5203548 284769 582215 0 255608 15600 240008 15822 1690 14132 0 20499 17199 3300 88231 88231 0 258100 258100 208982 208982 145594 23824 121770 7213 7213 424250 18330 405920 71266 71266 0 29585 26002 3583 38337 38337 0 79888 1026 78862 0 0 0 26569 26455 114 SPECIAL EVENTS 325574 325574 BAD DEBT EXPENSE 175109 175109 18459083 15297802 1010887 2150394 428806 837797 10977788 9701652 20041196 18252132 0 1655 0 0 0 0 0 0 0 0 2927751 687240 0 0 75107397 79543514 77576368 85152745 0 0 0 0 10321187 15875016 197380493 210051751 881505 779971 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2680060 2475911 3561565 3255882 X 9748832 10757217 67622010 72139332 116448086 123899320 193818928 206795869 197380493 210051751 X 2217587 10279540 479814 X false true X true false X 15830846 8815139 12794617 20452365 16820442 74713409 0 0 15830846 8815139 12794617 20452365 16820442 74713409 10016516 64696893 463841 472057 757064 1102644 1521111 4316717 0 92000 89250 80850 94325 93100 449525 79479651 0.81401 0.69920 X 137035869 7546587 10937465 5675344 1756827 148087750 119705075 7357346 16412106 4836708 1601950 137035869 125704443 4557221 -4188856 4690378 1677355 119705075 130480530 868905 617085 4558997 1703080 125704443 115234291 6782985 14088001 4069111 1555636 130480530 0.00000 0.83670 0.16330 false false LIMITED PARTNERSHIPS 85152745 F 85152745 INTEREST AGREEMENTS 5424473 BENEFICIAL INTEREST IN TRUST 5162022 DUE FROM BROKER 5288521 15875016 0 ANNUITY OBLIGATIONS 2475911 2475911 X 31436024 10279540 479814 10759354 20676670 20676670 18459083 18459083 18459083 USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 5 THE FUND'S ENDOWMENT CONSIST OF 235 INDIVIDUAL, DONOR-RESTRICTED FUNDS. THESE FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS AND AWARDS AND PROGRAM ENHANCEMENTS AT BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. FIN 48 DISCLOSURE FORM 990, SCHEDULE D, PART X, LINE 2 THE FUND RECOGNIZES THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION IN THE FINANCIAL STATEMENTS ONLY 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. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. THE FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER INTERNAL REVENUE CODE (THE"CODE") SECTION 501(c)(3). NEVERTHELESS, THE FUND MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. RECONCILIATION OF REVENUE. SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS OF $479,814. Central America and the Caribbean Investments 28231797 Europe (Including Iceland and Greenland) Investments 15393029 43624826 43624826 true false false false false false SCHEDULE F, PART IV, FOREIGN FORMS THE FUND DID MAKE TRANSFERS TO FOREIGN CORPORATIONS IN EXCESS OF REPORTING THRESHOLDS APPLICABLE FOR FORM 926. ACCORDINGLY, THE FUND HAS PREPARED THESE FORMS AND FILED WITH FORM 990-T. X X X X X X true FUTURE FUNDS LLC 58 THORNYCROFT AVENUE STATEN ISLAND NY 10312 PLAN GIVING COUNSEL false 0 156000 0 WILSON BENNETT TECHNOLOGY 2239 BILL FOSTER MEMORIAL HWY W CABOT AR 72023 TELEfund FUNDRAISING false 0 69100 81032 HARVEST FRC INC 82 COLONIAL AVENUE NEWTON PA 18940 FUNDRAISING CONSULTING false 0 33000 0 0 258100 81032 CA CO CT DC FL GA IL MD MA MI NJ NY NC OH OR PA SC VA WA annual dinner 1085211 992111 93100 129327 0 1085211 992111 93100 129327 129327 -36227 true BARUCH COLLEGE - THE CITY UNIVERSITY OF NY ONE BERNARD BARUCH WAY NEW YORK NY 10010 133893536 501(C)(3) 9250731 N/A N/A PROGRAM SUPPORT 1 SCHOLARSHIPS 467 799029 N/A N/A GRANTS TO BERNARD M. BARUCH COLLEGE FORM 990, SCHEDULE I, PART II GRANTS TO BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK: THE FUND PROVIDES GRANTS TO THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK TO BE USED TO SUPPORT VARIOUS PROGRAM RELATED ACTIVITIES OF THE COLLEGE INCLUDING SALARIES, SCHOLARSHIPS AND GRANTS TO STUDENTS, AS WELL AS OTHER IDENTIFIED PROGRAM NEEDS. IN ADDITION TO SCHOLARSHIPS AND GRANTS THE FUND PAYS EXPENSES, INCLUDING CERTAIN COMPENSATION SUPPLEMENTS, ON BEHALF OF THE COLLEGE TO ENABLE IT TO ATTRACT AND RETAIN THE BEST TALENT TO CARRY OUT ITS EDUCATIONAL MISSION. GRANTS AND ASSISTANCE TO INDIVIDUALS FORM 990, SCHEDULE I, PART III DURING THE FISCAL - YEAR ENDED JUNE 30, 2018, IN ADDITION TO THE 1,032 SCHOLARSHIPS THE FUND AWARDED THROUGH THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK, AN ADDITIONAL 467 STUDENTS RECEIVED SCHOLARSHIPS AND AWARDS DIRECTLY FROM THE FUND. THE TOTAL NUMBER OF STUDENTS RECEIVING SUCH SCHOLARSHIPS AND AWARDS FOR THE YEAR ENDED JUNE 30, 2018 WAS 1,499 TOTALING $4,082,493. AWARDS INCLUDE, BUT ARE NOT LIMITED TO FUNDS DISTRIBUTED FOR STUDY ABROAD PROGRAMS, AWARDS TO RECOGNIZE ACADEMIC ACHIEVEMENT AND EMERGENCY FUNDS DISTRIBUTED BASED ON NEED DUE TO HARDSHIP. ALL SCHOLARSHIP AND AWARD RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON INDIVIDUAL FUND CRITERIA. X X X true true false false false false false false false false false Katharine T Cobb VP Admin/Finance 0 204271 0 0 0 0 0 16342 0 18801 0 239414 0 0 Mitchel B Wallerstein President - Baruch College 74999 326333 0 0 0 0 0 23317 19593 7878 94592 357528 0 0 Harry F Huss Dean 118600 266669 0 0 0 0 0 21253 0 0 118600 287922 0 0 Steven Lilien Professor 81493 148245 0 0 0 0 0 22149 0 18801 81493 189195 0 0 Terrence Martell Professor 154473 170040 0 0 0 0 0 25141 0 18801 154473 213982 0 0 David Birdsell Dean 95000 176691 0 0 0 0 0 26354 0 7878 95000 210923 0 0 Yildiray Yildirim Professor 97360 315928 0 0 0 0 0 21600 0 18801 97360 356329 0 0 SCHEDULE J, PART I, LINE 1A: HOUSING THE PRESIDENT OF BERNARD M. BARUCH COLLEGE, AS A CONDITION OF HIS EMPLOYMENT, RESIDES IN A CUNY OWNED APARTMENT TO RESPOND TO EMERGENT SITUATIONS AT ANY TIME. AS A RESULT, THE FUND PAYS THE CONDOMINIUM COMMON CHARGES AND CABLE/INTERNET SERVICE FOR THE APARTMENT AND IS DISCLOSED ON THIS RETURN. THIS IS INCLUDED IN THE ANNUAL BUDGET ALLOCATION FROM THE FUND, APPROVED BY THE FUNDS BOARD OF TRUSTEES. TRAVEL FOR COMPANIONS Baruch college fund pays for occasional travel for the President's spouse, who is a not an employee, for purposes of conducting business of the college. This benefit is treated as a reimbursed business expense and is not considered compensation to the President. DISCRETIONARY FUND THE PRESIDENT OF BERNARD M. BARUCH COLLEGE RECEIVES A BUDGET ALLOCATION FROM THE FUND, APPROVED BY THE FUNDS BOARD OF TRUSTEES. THIS ALLOCATION IS USED TO FUND COLLEGE-WIDE INITIATIVES DESCRIBED IN THE COLLEGES STRATEGIC PLAN. COMPENSATION ARRANGEMENTS SCHEDULE J ONE EMPLOYEE OF BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK (THE "COLLEGE") SERVES AS A KEY EMPLOYEE OF THE BARUCH COLLEGE FUND AS THIS EMPLOYEE PROVIDES OVERSIGHT TO THE ACTIVITIES OF THE FUND. THE COLLEGE DOES NOT DETERMINE EMPLOYEE BENEFITS, RATHER THEY ARE PRESCRIBED BY THE CITY UNIVERSITY OF NEW YORK ("CUNY"). SCHEDULE J, PART I, LINE 3 The President of Baruch College, a key employee of the Fund, receives base compensation from the City University of New York (CUNY), in addition to a supplement from the Fund. Such CUNY compensation is determined in accordance with CUNY guidelines and procedures for members of Executive Compensation Plan (ECP) and is approved by the CUNY Board of Trustees. X 26 348246 FMV false true false FORM 990, PART VI, SECTION A, QUESTION 2 GOVERNANCE, MANAGEMENT, AND DISCLOSURE KATHARINE T. COBB, OFFICER AND MITCHEL B. WALLERSTEIN, KEY EMPLOYEE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, QUESTION 11 Management and the audit committee of the Baruch College Fund review the Form 990 prepared by the Funds accounting firm. Upon their approval, the Form 990 is provided to the governing Board for information and upon such distribution, electronically filed with the Internal Revenue Service. FORM 990, PART VI, SECTION B, QUESTION 12C EMPLOYEES OF THE FUND MUST COMPLY WITH THE GOVERNANCE POLICIES OF BOTH THE COLLEGE AND THE FUND. SUCH WRITTEN POLICIES INCLUDE WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION, GIFT ACCEPTANCE AND ANNUAL CONFLICTS OF INTEREST DISCLOSURES. FORM 990, PART VI, SECTION B, QUESTIONS 15A & 15B THE FUND AND THE COLLEGE DOES NOT DETERMINE EMPLOYEE BENEFITS, RATHER THEY ARE PRESCRIBED TO EACH OF THE INSTITUTIONS AFFILIATED WITH THE CITY UNIVERSITY OF NEW YORK ("CUNY"). FORM 990, PART VI, SECTION C, QUESTIONS 18 & 19 THE BARUCH COLLEGE FUND MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE BARUCH COLLEGE ANNUAL COMPLIANCE FILING AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. form 990, Part XI, Line 9 RECONCILIATION OF NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS OF $479,814. THE BERNARD M BARUCH COLLEGE OF CUNY 1 BERNARD BARUCH WAY NEW YORK NY 10010 133893536 EDUCATION NY false false true false false false false false false false false true false false true false false false false false BARUCH COLLEGE-THE CITY UNIVERSITY OF NY n 26002 CASH BARUCH COLLEGE-THE CITY UNIVERSITY OF NY b 12534195 CASH