2018-05-08T14:24:33-05:00 2017-06-30 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2016-07-01 237318742 RUTGERS UNIVERSITY FOUNDATION RUTG 8489328020 335 George Street NEW BRUNSWICK NJ 08901 CHRIStopher P ZRALY CFO 7329322076 2018-05-08 1 THOMAS LANNING P00851654 9732283500 2018-05-04 2016 2022-09-23 18:48:47Z X CHRIStopher P ZRALY 120 ALBANY STREET SUITE 201 NEW BRUNSWICK NJ 08901 178210852 0 X WWW.SUPPORT.RUTGERS.EDU X 1973 NJ TO SUPPORT RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY, AND HELP IT (continued on schedule o) ATTAIN EXCELLENCE IN EDUCATION, RESEARCH AND PUBLIC SERVICE BY BUILDING RELATIONSHIPS WITH SUPPORTERS TO RAISE MONEY FOR RUTGERS. 58 58 218 96 16442 -13487 109791010 127572245 5773065 5058403 1622025 493192 14773283 24607533 131959383 157731373 120167785 114647856 0 0 14465352 14725725 1637710 1931662 3301063 12547928 10798201 148818775 142103444 -16859392 15627929 108486687 124291655 10241924 9894888 98244763 114396767 X THE SOLE MISSION OF THE RUTGERS UNIVERSITY FOUNDATION, SINCE ITS FOUNDING IN 1973, IS TO SUPPORT RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY, AND HELP IT ATTAIN EXCELLENCE IN EDUCATION, RESEARCH, AND PUBLIC SERVICE (CONTINUED ON SCHEDULE O) BY BUILDING RELATIONSHIPS WITH ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHER SUPPORTERS, THE FOUNDATION RAISES MONEY FOR, AND MATCHES DONORS INTERESTS TO, RUTGERS PRIORITIES, AS SET FORTH BY UNIVERSITY LEADERSHIP. 0 0 129021697 114647856 29448572 THE RUTGERS UNIVERSITY FOUNDATION RAISES FUNDS TO MEET UNIVERSITY NEEDS AND SUPPLEMENT STATE, FEDERAL AND OTHER SOURCES FOR STUDENTS AND LEARNING INCLUDING SCHOLARSHIPS AND PROGRAMS, FACULTY AND RESEARCH, CAMPUSES AND FACILITIES, AND UNIVERSITY AND COMMUNITY PROGRAMS. 129021697 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 88 7 1 218 1 1 1 0 0 0 0 1 1 0 0 0 0 X 58 58 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA HI KY MD MI MN NJ NY UT MA X christopher p zraly 8489328020 335 George Street NEW BRUNSWICK NJ 08901 Alan M Crosta Jr Overseer 1.00 X 0 0 0 Alan Michels Overseer 1.00 X 0 0 0 Amy Towers Overseer 1.00 X 0 0 0 Arthur Certosimo Chair 1.00 X X 0 0 0 Atiya Aftab Overseer 1.00 X 0 0 0 Benjamin S Wolfe Overseer 1.00 X 0 0 0 Beverly Aisenbrey Overseer 1.00 X 0 0 0 Brian D Perkins Overseer 1.00 X 0 0 0 Bruce Bingham Overseer 1.00 X 0 0 0 Charles Chang Overseer 1.00 X 0 0 0 Chuck Chaplin Overseer 1.00 X 0 0 0 Daniel DiFilippo Overseer 1.00 X 0 0 0 Daniel Reinhardt Overseer 1.00 X 0 0 0 David Harris Overseer 1.00 X 0 0 0 Dorian J Wilson Overseer 1.00 X 0 0 0 DUNCAN L MACMILLAN Secretary 1.00 X X 0 0 0 Gary M Rodkin Vice chair 1.00 X X 0 0 0 Greg Brown Overseer 1.00 X 0 0 0 Harriett Druskin Overseer 1.00 X 0 0 0 J Michael Gower treasurer 1.00 X X 0 0 0 James Dougherty Overseer 1.00 X 0 0 0 James Maida Overseer 1.00 X 0 0 0 Joseph Moroney Overseer 1.00 X 0 0 0 Joyce Albers-Schonberg Overseer 1.00 X 0 0 0 Keith Banks Overseer 1.00 X 0 0 0 Kenneth D Lawrence Overseer 1.00 X 0 0 0 Kenneth M Schmidt Overseer 1.00 X 0 0 0 Kevin D McGrath Overseer 1.00 X 0 0 0 Louise Perrin Overseer 1.00 X 0 0 0 Lucas J Visconti Overseer 1.00 X 0 0 0 Mark P Hershhorn Overseer 1.00 X 0 0 0 Marlene A Tepper Overseer 1.00 X 0 0 0 Mary Papamarkou Overseer 1.00 X 0 0 0 Mia Christine Park Overseer 1.00 X 0 0 0 Michael N Goodkind Overseer 1.00 X 0 0 0 Paul Profeta Overseer 1.00 X 0 0 0 Peter D Cherasia Overseer 1.00 X 0 0 0 Peter W Gibson Overseer 1.00 X 0 0 0 Philip Scalo Vice chair 1.00 X X 0 0 0 Robert E Mortensen Overseer 1.00 X 0 0 0 Robert Falzon Overseer 1.00 X 0 0 0 Robert L Barchi ex-officio/Overseer 1.00 X 0 0 0 Ronald D Wilson Overseer 1.00 X 0 0 0 Ronald Garutti Overseer 1.00 X 0 0 0 Scott E White Overseer 1.00 X 0 0 0 Sharon E Karmazin Overseer 1.00 X 0 0 0 Steven B Boehm Overseer 1.00 X 0 0 0 Steven H Temares Overseer 1.00 X 0 0 0 Steven M Darien Overseer 1.00 X 0 0 0 Subha Barry Overseer 1.00 X 0 0 0 Susan Reale Overseer 1.00 X 0 0 0 Terry S Bienstock Overseer 1.00 X 0 0 0 Timothy Farrow Overseer 1.00 X 0 0 0 Timothy L Whiteside Overseer 1.00 X 0 0 0 Vaughn L McKoy Overseer 1.00 X 0 0 0 Wendy Cai-Lee Overseer 1.00 X 0 0 0 William E Best Overseer 1.00 X 0 0 0 William V Giaconia Overseer 1.00 X 0 0 0 ARLENE ROSOL Assistant Secretary 37.50 X 52306 0 18298 Christopher P Zraly Associate Treasurer 37.50 X 196280 0 17408 Nevin E Kessler ex-officio/PRESIDENT 37.50 X 0 0 0 Susan Catania Assistant Secretary 37.50 X 64626 0 8798 Julie D Cummings Vice President 37.50 X 192756 0 19210 Susan C Dolbert Vice president 37.50 X 250983 0 36981 Denise Gavala Assoc. Vice President 37.50 X 182933 0 26674 Herbert Masloff Assoc. Vice President 37.50 X 154382 0 44153 KURT J HINRICHSEN ASSOc. Vice President 37.50 X 224742 0 33006 Michael J Marion Associate Vice president 37.50 X 146211 0 53290 Timothy Gale Director of Development 37.50 X 152402 0 24292 1617621 0 282110 31 0 1 0 RUFFALO NOEL LEVITZ PO Box 718 Des Moines IA 503030718 Char. solic. & fndrsng 1225186 STEVENS & LEE 100 LENOX DRIVE SUITE 200 LAWRENCEVILLE NJ 08648 LEGAL SERVICES 313514 Uprising Technology Inc PO Box A3594 Chicago IL 60690 Information Technology Consulting 166951 James Lyddy dba James P Lyddy PHD LLC 810 Greenwood Drive Spring Lake Heights NJ 07762 Fundraising Consulting 162000 4 65399 127506846 25227682 127572245 GIFT ASSESSMENT FEES 900099 4860910 4860910 prospect engagement 900099 197493 197493 5058403 398010 398010 20330249 20235067 95182 95182 95182 54106 65399 38313 15793 15793 391228 206099 185129 185129 ADMIN FEES & SUPPORT 900099 24386916 24386916 OTHER INCOME 900099 19695 3253 16442 24406611 157731373 29448572 16442 694114 114647856 114647856 990348 990348 9902426 7269621 2632805 883667 668405 215262 1946152 1111056 835096 1003132 696080 307052 3182016 1754654 1427362 121800 3779 118021 111846 111846 1931662 1931662 48477 48477 351061 183103 167958 179165 133100 46065 758969 342896 416073 1092121 129007 963114 740773 2739 738034 463225 380474 82751 270438 133417 137021 146485 146485 Donor & Alumni Events 1444060 74659 1369401 PAYMENTS TO ANNUITANTS 979835 979835 PRINTING & PUBLICATIONS 607179 587710 19469 REPAIRS AND MAINTENANCE 196407 61 196346 104344 -2096 106440 142103444 129021697 9780684 3301063 18732027 29071082 71247922 74521843 3951304 4215094 311054 674480 13346240 14332761 199500 765292 698640 711103 108486687 124291655 2818395 2738820 25000 15000 7398529 7141068 10241924 9894888 X 3554883 6329198 89432212 101489985 5257668 6577584 98244763 114396767 108486687 124291655 X 15627929 208255 315820 X X 0 1 X 1 0 X 96210372 106300383 113846286 109791010 127572245 553720296 96210372 106300383 113846286 109791010 127572245 553720296 8424538 545295758 946896 791142 646228 466275 398011 3248552 16442 16442 14907230 14735637 14952196 15077270 24835503 84507836 641493126 24861698 0.85000 0.83730 X Schedule A, Part II, Line 10, Explanation of Other Income: admin fee and support Rutgers - 2012 Amount: $ 14,222,682. 2013 Amount: $ 14,086,514. 2014 Amount: $ 14,560,472. 2015 Amount: $ 14,575,886. 2016 Amount: $ 24,386,916. OTHER INCOME - 2012 Amount: $ 17,999. 2013 Amount: $ 21,048. 2014 Amount: $ 6,575. 2015 Amount: $ 71. 2016 Amount: $ 3,253. fundraising gaming - 2012 Amount: $ 666,549. 2013 Amount: $ 628,075. 2014 Amount: $ 385,149. 2015 Amount: $ 501,313. 2016 Amount: $ 445,334. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2303535 31624 16463 258 2318438 9191120 18481 17400 6888400 266 2303535 12660475 48304 17400 3500000 259 9191120 17077147 127484 17400 4500000 26756 12660475 16988002 179221 63368 26708 17077147 0.90800 0.09200 0 0 0 ANNUITIES PAYABLE 6670858 OTHER LIABILITIES 470210 7141068 160496556 208255 2013449 315820 2537524 157959032 16753 -244412 -227659 157731373 144344552 2013449 244412 2257861 142086691 16753 16753 142103444 Part XI, Line 2d - Other Adjustments: Adjustment of actuarial liability for annuities payable 315,820. Part XI, Line 4b - Other Adjustments: event and gaming expenses recorded as expenses on financial statements -244,412. Part XII, Line 2d - Other Adjustments: event and gaming expenses recorded as expenses on financial statements 244,412. east asia and the pacific 0 0 Fundraising and engagement events 270619 0 0 0 0 0 0 270619 0 270619 0 0 0 0 0 0 schedule f, part i, line 3: The Rutgers University Foundation has established an international fundraising budget to engage alumni and hold events to increase fundraising in Asia. During fiscal year 2017, $270,619 was expended for these purposes. X X X X X X 1 Ruffalo Noel Levitz PO Box 718 Des Moines IA 503030718 Fundraising & Consulting 0 925077 1240305 -315228 The Donlon Agency LLC 1100 N Cass Street Unite 401N Milwaukee WI 53202 Mail Fundraising/Consulting 0 257202 224901 32301 Grizzard Communications Group Inc 229 Peachtree Street NE Suite 1400 Atlanta GA 30303 Mail Fundraising/Consulting 0 128601 60303 68298 ACF Solutions LLC 11800 Sunrise Valley Drive Suite 4 Reston VA 201915301 Fundraising Consulting 0 0 104445 -104445 Blackbaud Inc 2000 Daniel Island Dr Charleston SC 29462 Fundraising Consulting 0 0 33975 -33975 Degrees of Connection LLC 4308 Lake Hill Drive Canandaigua NY 14424 Fundraising Consulting 0 0 19895 -19895 James P Lyddy PHD LLC 810 Greenwood Drive Spring Lake Heights NJ 07762 Fundraising Consulting 0 0 252826 -252826 Grenzebach Glier and Associates 401 N Michigan Ave Suite 2800 Chicago IL 60611 Fundraising Consulting 0 0 31471 -31471 1310880 1968121 -657241 AL AK AR AZ CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC Pancreatic Golf Outing 34085 23899 10186 600 7306 4796 471 Pancreatic Cancer Walk 27100 13455 13645 52 6 58320 28045 30275 3015 1400 9793 9900 980 119505 65399 54106 3615 8706 14589 9900 1503 38313 15793 391228 187571 18528 1 0.75000 391228 187571 18528 206099 185129 NJ 1 0 0 0 1.00000 Christopher P Zraly 335 George Street new brunswick NJ 08901 1 331745 26556 Bump Worldwide Inc 1095 Windward Ridge Pkwy Suite 170 Alpharetta GA 30005 Christopher P Zraly 0 n/a X 0 SCHEDULE G, PART I: THE FOUNDATION WAS REIMBURSED BY RUTGERS UNIVERSITY FOR a portion of THE COSTS OF THE GRIZZARD COMMUNICATIONS, THEREFORE THE AMOUNT SHOWN ON FORM 990 PART IX LINE 11E DOEST NOT MATCH THE TOTAL AMOUNT PAID ON SCHEDULE G, PART I. 1 RUTGERS UNIVERSITY 33 knightsbridge rd PISCATAWAY NJ 08854 226001086 170(b)(1)(A)(ii) 114638028 EDUCATION-RELATED/ athletics DOUGLASS ASSOCIATE ALUMNAE 191 RYDERS LANE NEW BRUNSWICK NJ 08901 221607270 501 (c) (3) 9828 EDUCATION-RELATED 2 Part I, Line 2: THE FOUNDATION MAINTAINS TRANSFER RECORDS FOR ALL GIFTS RAISED FOR THE UNIVERSITY AND the university MONITORS THE EXPENDITURES OF THOSE FUNDS, ALSO the foundation provides STEWARDSHIP REPORTS TO DONORS REGARDING USAGE OF FUNDS. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Christopher P Zraly Associate Treasurer 195038 0 0 0 1242 0 15617 0 1791 0 213688 0 0 0 Julie D Cummings Vice President 189192 0 0 0 3564 0 15353 0 3857 0 211966 0 0 0 Susan C Dolbert Vice president 208839 0 39951 0 2193 0 17189 0 19792 0 287964 0 0 0 Denise Gavala Assoc. Vice President 181691 0 0 0 1242 0 14782 0 11892 0 209607 0 0 0 Herbert Masloff Assoc. Vice President 152417 0 0 0 1965 0 10769 0 33384 0 198535 0 0 0 KURT J HINRICHSEN ASSOc. Vice President 224202 0 0 0 540 0 18400 0 14606 0 257748 0 0 0 Michael J Marion Associate Vice president 142647 0 0 0 3564 0 12240 0 41050 0 199501 0 0 0 Timothy Gale Director of Development 151916 0 0 0 486 0 12400 0 11892 0 176694 0 0 0 Part I, Line 1a Ten of the employees had annual dues paid for The Rutgers Club - $25 per person. these annual dues were paid in order to entertain donors and provide a social meeting place for conversations with University personnel. Part I, Line 7 the amount included in part ii, column b(ii) represent an incentive compensation payment for one employee. X 32 1552329 FMV - APPRAISAL X 104303 FMV X 15003 FMV X 508 22635057 fmv X 1 243000 FMV - APPRAISAL X 5 303308 fmv X Other 59 374683 FMV 2 0 1 1 Part I, Line 32b: for any noncash gifts that are given with the intent to sell and use the proceeds, third party vendors may be retained to liquidate noncash items via auctions or sales (real estate, works of art & specialized collections for example). Form 990, Part I, Line 5 PART I LINE 5 INDICATES THE RUTGERS UNIVERSITY FOUNDATION EMPLOYED 218 INDIVIDUALS DURING CALENDAR YEAR 2016. THE FOUNDATION EMPLOYS APPROXIMATELY 186 FULL-TIME PROFESSIONAL FUNDRAISING STAFF MEMBERS. THE BALANCE ARE PRIMARILY part time employees. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THESE EXPENSES THROUGH THE MANAGEMENT FEE AS SHOWN ON PART IX. Form 990, Part VI, Section A, line 4 The Rutgers University Foundation ammended their bylaws in June 2016. The primary focus of the ammendment was to reduce the size of the Board from 75 members to 46 members, which will be achieved through attrition as term limits of members expire. Form 990, Part VI, Section B, line 11b FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE FOUNDATION'S STAFF. DRAFT RETURN IS REVIEWED BY THE CFO AND THEN PRESENTED TO THE Audit and Risk Management Committee FOR THEIR REVIEW AND APPROVAL ON BEHALF OF THE FULL BOARD. THE FULL BOARD OF OVERSEERS IS PROVIDED A COPY OF THE APPROVED FORM 990 FOR THEIR REVIEW PRIOR TO SUBMISSION. Form 990, Part VI, Section B, line 12c The Audit and Risk Management Committee chair reviews all related party transaction disclosure forms not less than annually. In the event that a board member's or staff member's status changes during the year the Audit and Risk Management Committee chair would review the updated change. All disclosure forms are available to members of the board of overseers upon request. Form 990, Part VI, Section B, line 15 THE FOUNDATION'S PRESIDENT REVIEWS ANY CHANGES IN COMPENSATION FOR THE SENIOR MANAGEMENT TEAM ON AN ANNUAL BASIS. THEY UTILIZE COMPARATIVE SALARY INFORMATION FOR OTHER ORGANIZATIONS TO CONSIDER THE REASONABLENESS OF THE COMPENSATION FOR EACH INDIVIDUAL. Form 990, Part VI, Section C, line 19 UPON REQUEST ONLY AT THIS TIME. Form 990, Part Vi, line 17, list of states receiving copy of form 990: OK, OR, SC, WV, WI, ME, NH Form 990, Part XI, line 9: ADJUSTMENT OF ACTUARIAL LIABILITY 315,820. Form 990, PART XIi, LINE 2C: The Rutgers University Foundation has an Audit and Risk Management Committee of the Board of Overseers. This committee advises the full board on all auditing and accounting matters, has oversight over the quality and integrity of the foundation's accounting, internal control and financial reporting practices. Consistent with this purpose, the Audit and Risk Management Committee proposes to the board the appointment of the external auditors for the annual examination of the foundations year-end financial statements and other audit needs as necessary.