2018-08-15T13:41:37-05:00 2017-09-30 381357951 PLANTE & MORAN PLLC 750 Trade Centre Way Ste 300 Portage MI 49002 990 2016-10-01 383555142 WAYNE STATE UNIVERSITY FOUNDATION WAYN 3135773690 5700 CASS AVENUE AAB No 4900 DETROIT MI 48202 WILLIAM R DECATUR TREASURER 3135773690 2018-08-14 1 Carol LaLonde CPA P00181637 2695674500 2018-08-14 2016 2022-09-23 18:48:47Z WILLIAM R DECATUR 5700 CASS AVENUE AAB No 4900 DETROIT MI 48202 642641151 0 5224 X HTTPS://PIVOTALMOMENTS.WAYNE.EDU/ABOUT/FOUNDATION X 2000 MI WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE. 29 26 0 26 0 0 16622092 18927300 0 0 29698899 22915089 0 0 46320991 41842389 9247693 12645096 0 0 0 0 0 0 1394932 2430689 3627347 11678382 16272443 34642609 25569946 322290048 362904890 222777 555390 322067271 362349500 X WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE. 0 0 12645096 12645096 TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONS AND OBJECTIVES OF WAYNE STATE UNIVERSITY 12645096 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 NL CJ 0 0 0 0 0 0 0 0 X 29 26 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 MI X WILLIAM R DECATUR TREASURER WAYNE 3135775580 5700 CASS AVENUE SUITE 4900 DETROIT MI 48202 MATTHEW J SIMONCINI CHAIR 1.00 0.00 X X 0 0 0 A PAUL SCHAAP DIRECTOR 1.00 0.00 X 0 0 0 ARTHUR W BRYANT SR DIRECTOR 1.00 0.00 X 0 0 0 DAVID A NICHOLSON DIRECTOR 1.00 0.00 X 0 0 0 DAVID E MEADOR DIRECTOR 1.00 0.00 X 0 0 0 DAVID M HEMPSTEAD DIRECTOR 1.00 0.00 X 0 0 0 DAVID SALZMAN DIRECTOR 1.00 0.00 X 0 0 0 DENISE J LEWIS DIRECTOR 1.00 0.00 X 0 0 0 ELLIOTT S HALL DIRECTOR 1.00 0.00 X 0 0 0 EUGENE APPLEBAUM DIRECTOR 1.00 0.00 X 0 0 0 FRANK JENEY DIRECTOR 1.00 0.00 X 0 0 0 FREDERICK J SIEVERT DIRECTOR 1.00 0.00 X 0 0 0 GARY TORGOW DIRECTOR 1.00 0.00 X 0 0 0 HOWARD M PERLMAN DIRECTOR 1.00 0.00 X 0 0 0 JAMES A ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 JOHN JH SCHWARZ MD DIRECTOR 1.00 0.00 X 0 0 0 JOY H BAXT DIRECTOR 1.00 0.00 X 0 0 0 JULIUS V COMBS MD DIRECTOR 1.00 0.00 X 0 0 0 LOUIS J ROMANO DIRECTOR 1.00 0.00 X 0 186545 21816 M ROY WILSON MD MS UNIVERSITY PRESIDENT 15.00 0.00 X 0 545960 65398 MAGGIE A ALLESEE DIRECTOR 1.00 0.00 X 0 0 0 SANDRA HUGHES OBRIEN CHAIR, UNIVERSITY BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 STEPHEN STROME DIRECTOR 1.00 0.00 X 0 12000 0 PAUL A GLANTZ DIRECTOR 1.00 0.00 X 0 0 0 PETER KARMANOS JR DIRECTOR 1.00 0.00 X 0 0 0 SPENCER M PARTRICH DIRECTOR 1.00 0.00 X 0 0 0 TYRONE C FAHNER DIRECTOR 1.00 0.00 X 0 0 0 WALTER E DOUGLAS SR DIRECTOR 1.00 0.00 X 0 0 0 YOUSIF GHAFARI DIRECTOR 1.00 0.00 X 0 0 0 TAYLOR LEWIS MD DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 SUSAN E BURNS PRESIDENT 15.00 0.00 X 0 255566 41401 NECO T WALKER SECRETARY 39.00 0.00 X 0 75968 20144 WILLIAM R DECATUR TREASURER 15.00 0.00 X 0 315911 71804 MARIANNE CUNNINGHAM ASSISTANT TREASURER 15.00 0.00 X 0 0 0 ROGER W KEMPA ASSISTANT TREASURER - PART YEAR 15.00 0.00 X 0 155604 32687 0 1547554 253250 0 0 1 0 STRATEGIC INVESTMENT MANAGEMENT LLC S 1001 19TH STREET NORTH 16 FLOOR ARLINGTON VA 22209 INVESTMENT CONSULTANT SERVICES 1077706 EGERTON INVESTMENT PARTNERS LP 5 STRATTON STREET LONDON UK W1H 8LA INVESTMENT MANAGEMENT SERVICES 252289 IRONBRIDGE CAPITAL MANAGEMENT LLC ONE PARKVIEW PLAZA SUITE 600 OAKBROOK TERRACE IL 60181 INVESTMENT MANAGEMENT SERVICES 203182 PERELLA WEINBERG PARTNERS CAPITAL MANAGE 767 FIFTH AVENUE NEW YORK NY 10153 INVESTMENT MANAGEMENT SERVICES 159748 MONROE CAPITAL LLC 311 SOUTH WACKER DRIVESTE 6400 CHICAGO IL 60606 INVESTMENT MANAGEMENT SERVICES 117915 5 18927300 18927300 5941311 5941311 617772540 600798762 16973778 16973778 16973778 41842389 0 0 22915089 X 12645096 12645096 2232415 2232415 REIMBURSEMENTS TO WSU 1394932 1394932 16272443 12645096 2232415 1394932 11807183 9046914 835400 278441 274381587 243871591 35265878 109707944 322290048 362904890 222777 555390 222777 555390 X 0 0 0 0 322067271 362349500 322067271 362349500 322290048 362904890 25569946 14712283 0 X X 0 1 X 1 0 X X 1 WAYNE STATE UNIVERSITY 386028429 2 1 12645096 0 1 12645096 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION D, LINE 3 THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES, ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING, DEVELOP ITS INVESTMENT STRATEGY, AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. Part VI Section E Line 2a WAYNE STATE UNIVERSITY IS SUPPORTED BY THE FOUNDATION WITH THE PURPOSE TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF THE UNIVERSITY AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING AND DEVELOP ITS INVESTMENT STRATEGY. PART IV SECTION E LINE 2B PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. PART IV, SECTION E, LINE 1C THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 322067271 18927300 37627372 12645096 1394932 2232415 362349500 289871556 16622092 27252005 9247693 1362761 1067928 322067271 304518948 8148285 -11047602 9256282 1287577 1204216 289871556 286080082 6474041 22627963 8302971 1243811 1116356 304518948 261189007 10523210 26187389 9760306 1196398 862820 286080082 0.46110 0.53890 0 1 1 0 ALTERNATIVES 73750753 F REAL ASSETS 27153059 F OPPORTUNISTIC 8804132 F 109707944 Part V, Line 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO PROVIDE WAYNE STATE UNIVERSITY'S STUDENTS, FACULTY, AND SCIENTISTS WITH THE OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE. Central America and the Caribbean 0 0 INVESTMENTS 96145747 0 0 0 0 0 0 96145747 0 96145747 1 0 1 1 1 0 1 WAYNE STATE UNIVERSITY 5700 CASS AVENUE AAB SUITE 4900 DETROIT MI 48202 386028429 SECTION 115 12645096 PROGRAM SUPPORT 1 0 Part I, Line 2: WAYNE STATE UNIVERSITY FOUNDATION DOES NOT ADMINISTER THE DISBURSEMENT OF FUNDS TO THIRD PARTIES. THE FUNDS ARE TRANSFERRED TO WAYNE STATE UNIVERSITY, WHOSE STAFF ADMINISTERS THE FUNDS TO THIRD PARTIES WITH INTERNAL DOCUMENTS TO ENSURE THAT DONOR INTENT AND CRITERIA HAVE BEEN MET. 0 0 0 0 0 0 0 0 0 LOUIS J ROMANO DIRECTOR 0 186545 0 0 0 0 0 15206 0 6610 0 208361 0 0 M ROY WILSON MD MS UNIVERSITY PRESIDENT 0 545960 0 0 0 0 0 50500 0 14898 0 611358 0 0 SUSAN E BURNS PRESIDENT 0 255566 0 0 0 0 0 25556 0 15845 0 296967 0 0 WILLIAM R DECATUR TREASURER 0 315911 0 0 0 0 0 50500 0 21304 0 387715 0 0 ROGER W KEMPA ASSISTANT TREASURER - PART YEAR 0 155604 0 0 0 0 0 15560 0 17127 0 188291 0 0 Part I, Line 3 THE ORGANIZATION'S PRESIDENT IS ALSO A VICE PRESIDENT OF THE RELATED ORGANIZATION, WAYNE STATE UNIVERSITY. THE ORGANIZATION'S PRESIDENT RECEIVES COMPENSATION FROM THE RELATED ORGANIZATION, BUT NOT FROM THE ORGANIZATION. THE COMPENSATION IS ESTABLISHED BY THE RELATED ORGANIZATION, SUBJECT TO APPROVAL BY THAT ORGANIZATION'S GOVERNING BODY, THE WAYNE STATE UNIVERSITY BOARD OF GOVERNORS. Form 990, Part VI, Section A, line 7a IN ACCORDANCE WITH WAYNE STATE UNIVERSITY FOUNDATION'S (FOUNDATION) BY-LAWS IN EFFECT FOR THIS FISCAL YEAR, WAYNE STATE UNIVERSITY'S BOARD OF GOVERNORS DIRECTLY APPOINTS TWO FOUNDATION BOARD OF DIRECTOR ("BOARD") MEMBERS, AND IT INDIRECTLY APPOINTS FIVE OTHER BOARD MEMBERS BECAUSE THE FOUNDATION'S BY-LAWS INDICATE THAT CERTAIN WAYNE STATE UNIVERSITY OFFICERS WOULD AUTOMATICALLY BECOME FOUNDATION BOARD MEMBERS. Form 990, Part VI, Section A, line 7b IN ACCORDANCE WITH WAYNE STATE UNIVERSITY FOUNDATION'S (FOUNDATION) BY-LAWS IN EFFECT FOR THIS FISCAL YEAR, WAYNE STATE UNIVERSITY'S BOARD OF GOVERNORS APPROVES THE FOUNDATION'S ENDOWMENT FUND'S ANNUAL SPENDING RATE. Form 990, Part VI, Section B, line 11b THE FORM 990 IS PREPARED BY PLANTE & MORAN PLLC. THE FORM 990 IS SENT TO THE WAYNE STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS ONE WEEK PRIOR TO A REGULARLY SCHEDULED BOARD MEETING. THE TREASURER FORMALLY PRESENTS, REVIEWS, AND DISCUSS AT THE MEETING. THIS PROCESS IS COMPLETED BEFORE THE RETURN IS FILED WITH THE IRS. Form 990, Part VI, Section B, line 12c MEMBERS OF THE GOVERNING BODY AND ALL COMMITTEE MEMBERS ARE REQUIRED TO ANNUALLY REVIEW AND UPDATE A CONFLICT OF INTEREST STATEMENT IDENTIFYING ANY SITUATION WHERE A POSSIBLE CONFLICT OF INTEREST MAY EXIST BETWEEN THE BOARD OR COMMITTEE MEMBER, OR MEMBERS OF THEIR IMMEDIATE FAMILY, AND A PARTICULAR NONPROFIT AGENCY. ADMINISTRATION REVIEWS ALL CONFLICT OF INTEREST STATEMENTS TO DETERMINE IF AN ACTUAL CONFLICT OF INTEREST EXISTS. IF A MATTER IS UNDER CONSIDERATION BY THE BOARD OR COMMITTEE IN WHICH THERE IS A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE MEMBER SHALL NOT VOTE OR USE THEIR PERSONAL INFLUENCE ON THE MATTER. Form 990, Part VI, Section C, line 19 WAYNE STATE UNIVERSITY FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL INFORMATION ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 13: WAYNE STATE UNIVERSITY FOUNDATION WHISTLEBLOWER POLICY IS CURRENTLY IN REVIEW WITH GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 14: WAYNE STATE UNIVERSITY FOUNDATION RETENTION AND DESTRUCTION POLICY IS CURRENTLY IN REVIEW WITH GENERAL COUNSEL. FORM 990, Part I Line 8 and Line 13 / Form 990 Part III Line 4A and 4E / Form 990 Part VIII Line 1d / Form 990 Part IX Line 1 / Schedule D Part V Line 1b and 1d : Wayne State University Foundation provides financial support grant funding to Wayne State University for endowed scholarships and research, among other endowed purposes. Conversely, Wayne State University transfers funds to the Wayne State University Foundation endowment fund as a means to permanently endow Wayne State University resources for various endowed purposes. In previous years, these grant monies between Wayne State University Foundation and Wayne State University had been reported net of one another. Beginning in tax year 2016, these grant monies are reported separately. Form 990, Part XII, Line 2c: THERE HAS BEEN NO CHANGE IN PROCESS FROM PRIOR YEAR. WAYNE STATE UNIVERSITY 5700 CASS AVENUE AAB SUITE 4900 DETROIT MI 48202 386028429 PUBLIC HIGHER EDUCATION MI 115 N/A NONE 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 0