2018-02-21T06:25:45-08:00 2017-06-30 990 2016-07-01 066070722 The University of Connecticut Foundation Inc UNIV 8604865000 2390 Alumni Drive Unit 3206 Storrs CT 06269 Gerald Ganz Jr Sr. VP Fin & Admin 2018-02-21 2016 2021-01-29 14:40:06Z Gerald Ganz Jr 78430064 false false X www.foundation.uconn.edu X 1964 CT The mission of The University of Connecticut Foundation, Inc. is to solicit, receive, invest, and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. The Foundation operates exclusively to promote the educational, scientific, cultural, research, and recreational objectives of the University of Connecticut. As the primary fundraising vehicle to solicit and administer private gifts and grants to enhance the University's mission, the Foundation supports the University's pursuit of excellence in teaching, research, and public service. 43 42 205 68 -1082291 -1952808 42383683 38506381 9680568 10290274 37960235 29071708 -63853 39168 89960633 77907531 33337970 27001183 0 14076315 14815598 420962 398644 16477918 8020305 7858096 55855552 50073521 34105081 27834010 475968563 519082009 45154911 43506821 430813652 475575188 X The mission of The University of Connecticut Foundation, Inc. is to solicit, receive, invest, and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. The Foundation operates exclusively to promote the educational, scientific, cultural, research, and recreational objectives of the University of Connecticut. As the primary fundraising vehicle to solicit and administer private gifts and grants to enhance the University's mission, the Foundation supports the University's pursuit of excellence in teaching, research, and public service. false false 10964082 10964082 Scholarships, Awards, and FellowshipsThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors, restricted to the support of financial aid for University of Connecticut students. To ensure compliance with all University, federal, and state financial aid requirements, the University selects the student recipients and makes the awards directly to students. After receiving appropriate documentation from the University, the Foundation provides grants to the University to fund financial aid expenditures. The expenditures are funded from investment income earned on endowment funds restricted to financial aid and gifts restricted for financial aid. 6852968 6852968 Endowed Chairs and ProfessorshipsThe University of Connecticut Foundation, Inc. received gifts on behalf of donors restricted to support of University of Connecticut faculty compensation and research. To ensure compliance with all University and state personnel policies and for W-2 reporting purposes, the University pays all faculty directly for compensation related items. After receiving appropriate documents from the University, the Foundation provides grants to the University to fund faculty compensation expenditures.For non-compensation expenditures in support of faculty (e.g. research materials and equipment), generally the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally, the Foundation will pay the vendor directly.The expenditures are funded from investment income earned on endowment funds restricted to support of faculty. 6634279 6634279 Program ServicesThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors, restricted to the support of programs at the University. Generally, the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly. 2549854 2549854 10290274 27001183 true true false true false false false false true true true true false true true false true false false false true false false true true false false true false true true false false false false false false false false false false true false false false false true false false false false true X 156 0 true 205 true true true true OC false false false true true true 1 false false false false false false false false false false X 43 42 false false false false false false false true true false false true true true true true true true true false CA KY MA MD MI MN NH NJ NY OR SC UT WI WV X X X Gerald Ganz Jr 8604865000 2390 Alumni Drive Unit 3206 Storrs CT 06269 Joshua Newton President 40.00 0.00 X X 528528 0 30002 Daniel Toscano Chairman 1.00 0.00 X X 0 0 0 Adam L Schwartz Director 1.00 0.00 X 0 0 0 Albert J Foreman Director 1.00 0.00 X 0 0 0 Angelo DeFazio Director 1.00 0.00 X 0 0 0 Anthony Rizza Director 1.00 0.00 X 0 0 0 Benjamin W Michelson Director 1.00 0.00 X 0 0 0 Clinton G Gartin Director 1.00 0.00 X 0 0 0 Coleman B Levy Dir to 10/6 1.00 0.00 X 0 0 0 Craig W Ashmore Secretary 1.00 0.00 X X 0 0 0 Douglas P Lawrence Director 1.00 0.00 X 0 0 0 Drew A Figdor Director 1.00 0.00 X 0 0 0 Eric M Zachs Dir to 10/16 1.00 0.00 X 0 0 0 George R Aylward Jr Director 1.00 0.00 X 0 0 0 Gerald D DesRoches Director 1.00 0.00 X 0 0 0 Harriet M Wolfe Director 1.00 0.00 X 0 0 0 John P Malfettone Director 1.00 0.00 X 0 0 0 John W Rafal Dir to 10/16 1.00 0.00 X 0 0 0 Jonathan L Greenblatt Director 1.00 0.00 X 0 0 0 Joseph E Parsons Director 1.00 0.00 X 0 0 0 Leah A Darak Director 1.00 0.00 X 0 0 0 Lincoln Millstein Dir from 10/16 1.00 0.00 X 0 0 0 Mark A Beaudoin Dir from 10/16 1.00 0.00 X 0 0 0 Frank P Longobardi Jr Dir to 10/16 1.00 0.00 X 0 0 0 Mark L Boxer Dir to 10/2016 1.00 0.00 X 0 0 0 Mark C Sinatro Director 1.00 0.00 X 0 0 0 Mark R Shenkman Director 1.00 0.00 X 0 0 0 Michael A Cantor Dir to 11/2016 1.00 0.00 X 0 0 0 Michael A Melio Dir from 10/16 1.00 0.00 X 0 0 0 Michael G Koppel Director 1.00 0.00 X 0 0 0 Michael K Rosen Director 1.00 0.00 X 0 0 0 Mickey Herbert Director 1.00 0.00 X 0 0 0 Patrick M Campion Treasurer 1.00 0.00 X X 0 0 0 Walter R Allen Director 1.00 0.00 X 0 0 0 Robert I Sherman Director 1.00 0.00 X 0 0 0 Robert J Skinner Director 1.00 0.00 X 0 0 0 William B Clemens III Director 1.00 0.00 X 0 0 0 William J Quinlan III Director 1.00 0.00 X 0 0 0 Constance K Weaver Director 1.00 0.00 X 0 0 0 Kimberly T Manning Director 1.00 0.00 X 0 0 0 Lisa R Klauser Dir to 2/17 1.00 0.00 X 0 0 0 Marsha P Roth Director 1.00 0.00 X 0 0 0 Nadine F West Director 1.00 0.00 X 0 0 0 Noha H Carrington Director 1.00 0.00 X 0 0 0 Amy J Errett Director 1.00 0.00 X 0 0 0 Lori Riiska Director 1.00 0.00 X 0 0 0 Mary Ann W Gilleece Director 1.00 0.00 X 0 0 0 Melinda T Brown Director 1.00 0.00 X 0 0 0 Suzanne B Bird Director 1.00 0.00 X 0 0 0 Wendy Reeves Watkins Director 1.00 0.00 X 0 0 0 Gerald Ganz Jr Sr. VP Fin/Adm 40.00 0.00 X 249355 0 40231 Brian Otis VP of Principal Gifts 40.00 0.00 X 202480 0 34158 Derek Slap VP Mktg & Comm 40.00 0.00 X 167239 0 31624 Jennifer Grey AVP Dev-HS 40.00 0.00 X 174053 0 20883 Ron Fleury Sr. Dir Dev-Law 40.00 0.00 X 139166 0 12634 Suzanne O'Conor General Counsel 40.00 0.00 X 214627 0 20294 Frank Gifford AVP Development 40.00 0.00 X 174917 0 32631 Melissa Maynard Former CFO, Controller 40.00 0.00 X 106342 0 26609 John Martin Former President & CEO 0.00 0.00 X 328243 0 0 Deborah Cunningham Former VP Advancement Svcs 0.00 0.00 X 124007 0 14441 2408957 263507 30 true true false Ruffalo Cody HoldingsRuffalo Noel Levitz PO Box 718 Des Moines IA 503030718 Phone solicitations 453758 Blackbaud Inc 2000 Daniel Island Drive Charlestown SC 29492 Software consulting 419271 Cooper Software Inc 85 2nd Street 8th Floor San Francisco CA 94105 Consulting 202473 One to One Docusource NLTG Inc 7324 Delainey Court Sarasota FL 34240 Mailing 184688 Ovations Food Services LP 615 Silver Lane East Hartford CT 06118 Catering 172105 12 937318 37569063 5845281 38506381 Univ. Endow Admin Fee 900099 240274 240274 Univ. Fee for Service 900099 10050000 10050000 10290274 12382769 12382769 0 0 0 16688939 16688939 16688939 -1082291 17771230 561701 937318 522533 39168 39168 0 0 0 77907531 10290274 -1082291 30193167 27001183 27001183 0 0 0 1084754 429218 655536 328243 328243 10573408 2114682 8458726 725621 145124 580497 1221164 244233 976931 882408 176482 705926 0 57936 11587 46349 176012 176012 0 398644 398644 2065790 2065790 519723 103945 415778 141004 28201 112803 231311 46262 185049 865710 173142 692568 0 217535 43507 174028 412229 82446 329783 0 133303 26661 106642 367304 73461 293843 0 927725 185545 742180 101403 20281 81122 Special Events 848093 848093 Printing and Publications 313712 62742 250970 Donor cultivation & promotion 195022 195022 Service contracts 91595 18319 73276 192689 38537 154152 50073521 27001183 6594420 16477918 11457391 13951918 3596335 902595 32588602 26562296 195453 521138 0 0 0 10640 100640 422356 435911 11249414 5727245 5974332 5522169 166943802 189206691 104972832 128715793 0 0 149806820 153162858 475968563 519082009 7277285 6566820 22740000 19955000 15028654 16882798 108972 102203 45154911 43506821 X -10590214 -540708 85871232 99232103 355532634 376883793 430813652 475575188 475968563 519082009 X 27834010 18647969 -1720443 X false true X true false X 44574176 34817846 33051328 42383683 38506381 193333414 0 0 44574176 34817846 33051328 42383683 38506381 193333414 925021 192408393 7000357 9827124 8710287 8761282 12382769 46681819 0 0 240015233 45773062 0.80170 0.82490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 2804 2804 50085695 50088499 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 47774 34696 1075 2804 86349 250000 250000 250000 250000 1000000 1500000 30030 30000 1075 2804 63909 Part I-A, Line 1 - Direct and Indirect Political Campaign Activities The University of Connecticut Foundation, Inc. does not participate in political campaigns. false true X 362419000 16697000 42316000 13024000 6903000 401505000 368179000 19358000 -4768000 13755000 6595000 362419000 369444000 8242000 7957000 12749000 4715000 368179000 330178000 11719000 43520000 12173000 3800000 369444000 301637000 17340000 25956000 11127000 3628000 330178000 0.00540 0.97710 0.01750 false false false 201361 201361 6372170 2639337 3732833 869290 252763 616527 31108 15554 15554 3775485 2819591 955894 5522169 128715793 Capital leases 118496 CSV of life insurance policies 601936 Deferred bond issuance costs 393167 Endowment held for University 14537943 Funds held in trust by others 19797153 Limited partnership investments 117714163 153162858 Accrued debt service 102203 102203 93291801 18647969 -3786232 14861737 78430064 -522533 -522533 77907531 48530265 522533 522533 48007732 2065789 2065789 50073521 Part IV, Line 2b: Explanation of escrow account liability The Foundation is named as the trustee and remainder beneficiary of several charitable remainder trusts. In addition, the Foundation has entered into contracts with donors for charitable gift annuities for which the Foundation has accepted contributions. The present value of the liability for future payments is reflected on the Foundation's balance sheet.The Foundation has a contractual arrangement to act as the University's agent in managing the University's endowment assets, ensuring consistent management of endowment assets that support the University regardless of entity ownership. Part V, Line 4: Intended uses of the endowment fund. The Foundation's endowment funds provide grants to the University of Connecticut. The grants may be used to provide scholarships to University of Connecticut students, compensation and research support for University of Connecticut faculty, and general program support for University of Connecticut academic and athletic programs. The use of all endowment funds is subject to any restriction placed on funds by donors. All disbursements are subject to the Foundation's policy on disbursements, including the amount of the expenditure must be reasonable, for a legitimate business purpose, and with no private benefit. Part XII, Line 2d: Other expenses and losses per audited F/S Event expense $522533 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Investment fees $2065789 East Asia & the Pacific 0 0 Fundraising 203715 North America 0 0 Fundraising 69966 Central America & Caribbean 0 0 Investments 11887462 12161143 12161143 true false true true true false Part I, Line 3f - Method of Accounting Foreign expenditures are separately identified on the organization's books and records. X X X X X X true Ruffalo Noel Levitz PO Box 3018 Cedar Rapids IA 52406 Phone Solicitation false 458258 211374 246884 Gold Orluk & Partners LLC 172 West Main Street Avon CT 06001 Event Planner false 525787 74770 451017 984045 286144 697901 AL AK AZ AR CA CO CT DE DC 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 White Coat Gala (odd year) 315585 239080 76505 3627 32588 91122 8824 35 Calhoun Cardiology Golf 271497 133999 137498 16811 54590 1500 16 911937 564239 347698 9357 148298 133597 18225 3959 1499019 937318 561701 29795 235476 224719 27049 5494 522533 39168 STM01 As required, the Foundation is reporting all events that had income or expenses during the fiscal year. It is possible that some events may have taken place in the prior fiscal year, or will be held in a future year. As a result, revenue or expense amounts reported for an event may not be final, or portions may have been reported in the prior year. true University of Connecticut 352 Mansfield Road Unit 2048 Storrs CT 06269 060772160 27001183 0 1 0 Grantmaker's Description of How Grants are Used Fund Administration staff receives appropriate documentation prior to making disbursements to ensure compliance with grant restrictions, and to ensure such disbursements are reasonable. X X X true false false false false false false true false false Brian Otis VP of Principal Gifts 199980 2500 16807 17351 236638 Deborah Cunningham Former VP Advancement Svcs 124007 7253 7188 138448 Derek Slap VP Mktg & Comm 162239 5000 13638 17986 198863 Frank Gifford AVP Development 173917 1000 14747 17884 207548 Gerald Ganz Jr Sr. VP Fin/Adm 234355 15000 20469 19762 289586 Jennifer Grey AVP Dev-HS 172553 1500 14150 6733 194936 John Martin Former President & CEO 328243 328243 Joshua Newton President 433528 95000 21200 8802 558530 Melissa Maynard Former CFO, Controller 105342 1000 9205 17404 132951 Ron Fleury Sr. Dir Dev-Law 138166 1000 11419 1215 151800 Suzanne O'Conor General Counsel 199627 15000 17752 2542 234921 Part I, Line 7: Non-Fixed payments not listed above The Foundation may give performance based awards based on formal review and with approval of Foundation management and board.The payment to John Martin relates to a deferred compensation plan established under Section 457(f). The amount became payable after a two year covenant not to compete. A CHEFA 060806186 20774UJD8 2007-01-23 7252762 Refunding Series A false false false B CHEFA 060806186 000000000 2013-04-24 20000000 Construction project false false false A 2600000 7974994 502944 236705 7235346 false true true true B 5000000 20000000 270526 19729474 2014 false false true true A false false false false false false false false true B false false false false false false false false true A false true false false false true B false true false false false true A true B true Part VI Part IV 2c Arbitrage - the rebate calculation for Series B bonds was completed on January 23, 2017 and no rebate was due. X 226 5450995 Market Value X 2 370000 Appraisal X Events 6 24286 Sales Price 2 false true false Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Equipment, Furniture, and Building ImprovementsThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of equipment and furniture purchases and building improvements. Generally the expenditure is made to the vendor directly by the University, with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly. The University of Connecticut provides payment to the Foundation for fundraising and development expenses. The Foundation also earns a fee for management of endowment funds held by the University. Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee The Foundation Board has given the Executive Committee that consists of the Chair, Vice Chair, Chair of the Nominating and Board Governance Committee, Foundation President, and three or more at-large Board members full power and authority as the Board. The Executive Committee may meet and exercise all such powers and authority in the interim between the meetings of the Board. The Executive committee may not fill Board vacancies, amend certificate of incorporation, adopt, amend, or repeal bylaws, approve plan for merger, approve sale, lease, exchange, or other disposition of all, or substantially all, of the property, approve a proposal to dissolve the Corporation. Form 990, Part VI, Line 11b: Form 990 Review Process The Form is prepared by the Foundation and reviewed by management and the Foundation's Audit Committee. The Form is provided to the entire Board before it is filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually, the Foundation's Board members, officers, and employees are sent a copy of the Foundation's Conflict of Interest questionnaire that they are required to complete and return to the Foundation. The responses are then reviewed by the Foundation's in-house legal counsel, with any potential conflicts reviewed with the Nominating and Governance Committee of the Board and the full Board as appropriate. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Foundation's salary structure is market-driven and undergoes a rigorous, periodic review under which compensation levels are compared to organizations of similar size and mission. The salaries and benefits of the UCONN Foundation's officers and key employees are subject to approval in advance of payment by a majority of disinterested directors on the HR Committee of the Board of Directors, and subsequently, by a majority of disinterested directors on the Executive Committee of the Board of Directors. The officers and key employees are not in a position of control with respect to either Committee. The Committees rely on appropriate comparability data in determining the reasonableness of the compensation packages. Minutes adequately documenting the basis for the HR Committee's and the Executive Committee's decisions are maintained. The approval of compensation packages occurs in June for compensation to be paid in the subsequent fiscal year. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees See 15a Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Foundation's financial statements and conflict of interest policy are posted on the Foundation's website and on the Electronic Municipal Market Access system (EMMA), which is available to the public. The Foundation also posts an annual report and annual debt filing on EMMA. The Foundation's Articles of Incorporation, IRS Determination Letter, and Bylaws are available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases Bad debt expense = -$1720443 Charitable Remainder Trust 9 2390 Alumni Drive Unit 3206 Storrs CT 06269 Development CT N/A Trust false false false false false false false false false false false false false false false false false false false false Schedule R - Related Organizations While the mission of the Foundation is to support the University, under IRS instructions, the University does not meet the definition of a "related organization". The Foundation has ten ex-officio board members, six of whom serve by virtue of their position as a University employee. None of the six University employees are counted in determining quorum and none are entitled to vote on matters before the Board. No compensation is paid by the Foundation for their service as directors.