2018-04-30T15:05:15-05:00 2017-06-30 KPMG LLP 1676 INTERNATIONAL DRIVE McLean VA 22102 990 2016-07-01 540485595 UNIVERSITY OF VIRGINIA ALUMNI ASSOCIATION % DONNA AREHART UNIV 4342439000 PO BOX 400314 CHARLOTTESVILLE VA 22904 DONNA R AREHART VP AND CFO 4342439009 2018-04-20 true Kay L Thies P01404047 7032868000 2018-04-30 167.68.102.5 54028020181205000000 2018-04-30 P CC56352486E01435CEB456F227625CF0B1439CEC EB2737A96B8F377BD085BED9F3BA68158C374A96 2016 2021-01-29 14:40:06Z Jenifer G Andrasko 211 EMMET STREET SOUTH CHARLOTTESVILLE VA 22903 57037455 false X WWW.ALUMNI.VIRGINIA.EDU X 1838 VA Build the strongest bond among alumni and between alumni and the University of Virginia while SERVING as the independent voice and perspective of alumni. 39 39 108 1921 660561 44091896 45821423 6037264 7400033 591844 668554 330726 411713 51051730 54301723 38061679 55051191 0 0 6168119 6635030 0 0 1070028 4746731 5657404 48976529 67343625 2075201 -13041902 317075364 346772023 96103901 107569983 220971463 239202040 Build the strongest bond among alumni and between alumni and the University of Virginia while serving as the independent voice and perspective of alumni. false false 57905114 55051191 1301916 THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, SERVES THE UVA. COMMUNITY BY OFFERING FINANCIAL AND ENDOWMENT MANAGEMENT SERVICES. WITH MORE THAN 3,700 ACCOUNTS, THE UVA FUND SERVES IN A COST-EFFICIENT AND EFFECTIVE MANNER APPROXIMATELY 600 STUDENT GRANT PROGRAM ORGANIZATIONS, 200 ALUMNI CLUBS, 13 RELATED FOUNDATIONS, AND HUNDREDS OF ENDOWMENTS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS U.VA. THE ASSOCIATION ALSO MANAGES AND ADMINISTERS NUMEROUS STUDENT SCHOLARSHIPS, AND, THROUGH ITS JEFFERSON TRUST PROGRAM, PROVIDES ANNUAL GRANTS TO PROJECTS THAT ENHANCE THE UNIVERSITY AS A PREEMINENT GLOBAL INSTITUTION OF HIGHER LEARNING. 4472804 4554820 HOMECOMINGS & REUNIONS - THROUGH A SERIES OF EVENTS HELD THROUGHOUT THE YEAR, THE ASSOCIATION WELCOMES THOUSANDS OF ALUMNI BACK TO U.VA. IN MEANINGFUL, OFTEN EDUCATIONAL, WAYS THAT STRENGTHEN THE BOND BETWEEN ALUMNI AND THEIR ALMA MATER. THE STEADILY GROWING REUNIONS WEEKEND BRINGS ALUMNI BACK BASED ON CLASS YEAR, WHILE OTHER REUNIONS GEARED FOR THE YOUNGEST AND OLDEST ALUMNI PROVIDE ADDITIONAL OPPORTUNITIES TO RECONNECT WITH THE UNIVERSITY. ADDITIONAL PROGRAMMING INCLUDES SOCIAL AND EDUCATIONAL EVENTS SURROUNDING FOOTBALL GAMES AND MORE THAN 150 STUDENT EVENTS DESIGNED TO BUILD COMMUNITY AND CLASS IDENTITY. 1965037 882735 ALUMNI COMMUNICATIONS - THE ASSOCIATION IS A VIBRANT CENTER OF COMMUNICATIONS FOR ALUMNI, PARENTS, STUDENTS AND FACULTY, USING A VARIETY OF MEDIA, INCLUDING PRINT, ONLINE, MOBILE, TABLET AND VIDEO. THESE PLATFORMS COMBINE TO PROVIDE TIMELY AND ACCURATE COMMUNICATIONS TO THE ASSOCIATION'S CONSTITUENTS IN THE WAYS THEY CHOOSE TO CONSUME INFORMATION, KEEPING THEM WELL INFORMED AND WELL CONNECTED TO THE UNIVERSITY, AS WELL AS TO ONE ANOTHER. THE ASSOCIATION PUBLISHES THE AWARD-WINNING QUARTERLY UVA MAGAZINE, WHICH IS DISTRIBUTED TO ALL ALUMNI AND STUDENTS. THIS PUBLICATION IS SUPPLEMENTED BY WEBSITES, SOCIAL MEDIA, ELECTRONIC NEWSLETTERS AND VIDEOS. 64342955 true true false false false false false false false true true true false false true true true false false false true false false false false false false true true true false false false false false false false false true false false false true true true true false false true 629 0 true 108 true true true false false false false true true false false false false X 39 39 false false false false false false false true true false false true true true true false false true true false AK AR CA CO DC KY ME MD MA MI MN NH NJ NY NC OK OR PA RI SC TN UT WA WV WI X X DONNA AREHART 4342439000 ALUMNI HALL CHARLOTTESVILLE VA 229030446 X Cory L Alexander Board of Managers 1.0 0.0 X 0 0 0 E Ross Baird Board of Managers 1.0 0.0 X 0 0 0 Susan K Blank MD Board of Managers 1.0 0.0 X 0 0 0 Clifford W Bogue MD Board of Managers 1.0 0.0 X 0 0 0 Susan P Campbell Board of Managers 1.0 0.0 X 0 0 0 Whittington W Clement Board of Managers 1.0 0.0 X 0 0 0 Raj R Doshi Board of Managers 1.0 0.0 X 0 0 0 Jennifer S Draper Board of Managers 1.0 0.0 X 0 0 0 John H Harris Board of Managers 1.0 0.0 X 0 0 0 Zena K Howard Board of Managers 1.0 0.0 X 0 0 0 Timothy J Ingrassia Board of Managers 1.0 0.0 X 0 0 0 N William Jarvis Chair 1.0 0.0 X X 0 0 0 Meredith B Jenkins Vice-Chair 1.0 0.0 X X 0 0 0 J Brady Lum Board of Managers 1.0 0.0 X 0 0 0 Thomas B Mangas Board of Managers 1.0 0.0 X 0 0 0 Ashley T Manning Board of Managers 1.0 0.0 X 0 0 0 Charles W McDaniel Board of Managers 1.0 0.0 X 0 0 0 RIchard T McKinless Board of Managers 1.0 0.0 X 0 0 0 Carolyn P Meade Board of Managers 1.0 0.0 X 0 0 0 Courtney Byrd Metz Board of Managers 1.0 0.0 X 0 0 0 Mathias J Paco Board of Managers 1.0 0.0 X 0 0 0 Shannon O Pierce Board of Managers 1.0 0.0 X 0 0 0 Mark A Victor Pinho Board of Managers 1.0 0.0 X 0 0 0 Charles Rotgin Jr Board of Managers 1.0 0.0 X 0 0 0 James E Rutrough Jr Board of Managers 1.0 0.0 X 0 0 0 Louis A Sarkes Jr Board of Managers 1.0 0.0 X 0 0 0 Puja Seam Board of Managers 1.0 0.0 X 0 0 0 Christian D Searcy Board of Managers 1.0 0.0 X 0 0 0 Elizabeth A Smith Board of Managers 1.0 0.0 X 0 0 0 Julious P Smith Jr Board of Managers 1.0 0.0 X 0 0 0 Michael C Smith Board of Managers 1.0 0.0 X 0 0 0 James R Socas Board of Managers 1.0 0.0 X 0 0 0 Karen R Stokes Board of Managers 1.0 0.0 X 0 0 0 Teresa A Sullivan Board of Managers 1.0 0.0 X 0 0 0 David G Sutton Board of Managers 1.0 0.0 X 0 0 0 BanG H Trinh Board of Managers 1.0 0.0 X 0 0 0 Sheryl W Wilbon Board of Managers 1.0 0.0 X 0 0 0 Patricia B Woodard Board of Managers 1.0 0.0 X 0 0 0 Amy B Wright Board of Managers 1.0 0.0 X 0 0 0 C Thomas Faulders III President & CEO 40.0 0.0 X 411385 0 41466 Donna R Arehart VP of Finance 40.0 0.0 X 201669 0 42755 Wayne D Cozart VP of Development 40.0 0.0 X 154101 0 32803 Richard Gard VP of Communications 40.0 0.0 X 129142 0 29525 Mary C Bass Director of Endowment 40.0 0.0 X 128067 0 18359 Jason E Life Director of Alumni Engagement 40.0 0.0 X 117786 0 38875 Margaret M Anderson Managing Director UVA Fund 40.0 0.0 X 135133 0 30041 Matthew L Brandon Director of Ridley Scholarship 40.0 0.0 X 119077 0 27898 1396360 0 261722 10 false true false University of Virginia Investment M PO Box 400215 Charlottesville VA 22904 Investment Mgmt Fees 642098 LANE PRESS PO BOX 130 BURLINGTON VT 05402 PRINTING PUBLISHER 424407 UNIVERSITY OF VIRGINIA PO BOX 400201 Charlottesville VA 22904 postage/repairs/main 453201 Martin Horn 210 Carlton Rd Charlottesville VA 22902 Construction/Renovat 449078 Aramark ServiceMaster 1101 Market St Philadelphia PA 19107 Repairs/Maintenance 382330 7 1128337 8874835 35818251 4332953 45821423 UVA Contractual 900099 3677357 3677357 ADMIN FEES 900099 1301916 1301916 EVENT REGISTRATION FEES 900099 953000 953000 ADVERTISING 511120 722560 61999 660561 GPS SERVICE FEES 900099 383406 383406 361794 361794 7400033 670682 670682 0 272682 272682 139031 139031 0 139031 139031 2733604 2735732 -2128 -2128 -2128 0 0 0 0 0 0 0 0 0 0 54301723 6739472 660561 1080267 54118205 54118205 932986 932986 0 0 895570 337510 337510 220550 0 4168007 3640532 236049 291426 486704 378350 57081 51273 733656 595932 57420 80304 351093 280503 33510 37080 0 17601 1740 15861 797595 707461 90134 0 0 651610 651610 0 84284 57884 4192 22208 533405 352794 14955 165656 77875 74121 433 3321 0 676258 326283 291755 58220 53586 39946 5816 7824 0 0 0 0 298268 146191 108941 43136 145658 118768 13788 13102 ALUMNI AFFAIRS 1571849 1488934 11587 71328 PRINTING AND PUBLICATIONS 746915 742315 4600 BAD DEBT EXPENSE 2500 2500 67343625 64342955 1930642 1070028 X 0 0 20705850 20391073 8902949 9337240 0 0 0 0 0 0 0 0 0 0 168900 193052 10832212 5883598 4017654 4948614 61916710 75808156 211085451 224855810 0 0 0 0 10277850 11238078 317075364 346772023 1498238 1520882 0 0 0 0 0 0 0 0 0 0 0 0 0 0 94605663 106049101 96103901 107569983 X 66464454 72554181 93043842 99651029 61463167 66996830 220971463 239202040 317075364 346772023 X -13041902 29704341 1568138 X false true X true false X 35566951 41852619 41603153 44091896 45821423 208936042 0 0 35566951 41852619 41603153 44091896 45821423 208936042 0 208936042 927037 1534327 1691431 915682 1082395 6150872 0 0 0 0 0 0 0 215086914 25755509 0.97140 0.92609 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 220971462 44693086 29721285 8940083 47243710 239202040 223067962 42719535 -4202011 7740351 32873673 220971462 206154138 40359031 19474539 7071897 35847849 223067962 176154962 40664754 39000571 7126569 42539580 206154138 162333224 34346629 25064096 6420213 39168774 176154962 0.30330 0.28010 0.41660 true false 112388 112388 8012229 4670881 3341348 2031975 1128971 903004 675620 83746 591874 4948614 LONG/SHORT EQUITY 52719397 F REAL ESTATE 14918819 F CREDIT 44815742 F RESOURCES 17654584 F CASH & ACCRUALS 6234495 F BUYOUT 15584395 F VENTURE CAPITAL 11664329 F BONDS 46191171 F GROWTH EQUITY 15072878 F 224855810 0 RELATED ORGANIZATIONS 103082921 OTHER LIABILITIES 1034968 ANNUITY & LIFE INCOME OBLIGATI 1931212 106049101 X 84922592 29704341 1568138 31272479 53650113 651610 651610 54301723 66692015 66692015 651610 651610 67343625 Form Sch D Part V Line 4 The Association's endowments consist of approximately 3,400 individual funds established for a variety of purposes in furtherance of the association's mission, including both donor-restricted endowment funds, term endowments, and funds designated by the Board to function as endowments. The endowments support specific programs, scholarships, student activites, and University-related organizations. FORM SCH D PART X LINE 2 THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND CLASSIFIED AS A PUBLIC CHARITY UNDER 509(A)(1) OF THE CODE. THE ASSOCIATION IS REQUIRED TO RECOGNIZE THE EFFECT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN BASED ON A 'MORE LIKELY' THAN NOT OF BEING SUSTAINED BY A TAXING AUTHORITY THRESHOLD. THE ASSOCIATION DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS REQUIRED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI Part XI, Line 2D Amount Represents Change in fair value of beneficial interests in trusts $ 1,533,951 Change in value of trusts and annuities $ 34,187 TOTAL: $ 1,568,138 East Asia and the Pacific Program Services Student research & aid 5038 Europe (Including Iceland and Greenland) Program Services Student research & aid 66681 North America Program Services Student research & aid 4055 South Asia Program Services Student research & aid 887 Sub-Saharan Africa Program Services Student research & aid 52877 129538 129538 false false false false false false Form Sch F Part I THE UVA FUND PROVIDES FUNDS FOR AN EXTENSIVE RANGE OF MULTIDISCIPLINARY WORK REFLECTING INTERNATIONAL INTERESTS. THESE FUNDS PROMOTE THE ENGAGEMENT OF FACULTY AND STUDENTS IN THE DEVELOPMENT OF MULTIDISCIPLINARY SCHOLARSHIP AND RESEARCH PROJECTS THAT address equal and social justice, SUSTAINABLE ECONOMIC DEVELOPMENT, PUBLIC HEALTH, GLOBAL INTERCONNECTION, AND PUBLIC SERVICE. FUNDS ARE USED TO PAY FOR SPEAKERS, TRAVEL AND HANDS-ON LEARNING OPPORTUNITIES FOR STUDENTS AND FACULTY. true UNIVERSITY OF VIRGINIA PO BOX 40229 CHARLOTTESVILLE VA 22904 546001796 501(c)(3) 54118205 STUDENT, FACULTY AND PROGRAM SUPPORT 1 MINORITY & OTHER SCHOLARSHIPS 170 932986 UVA Fund The UVA Fund serves the University community with financial and endowment management services, scholarship administration, donor stewardship, grant assistance and emergency student loans. Form Sch I THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, MANAGES HUNDREDS OF ENDOWMENTS, SCHOLARSHIPS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACCROSS THE UNIVERSITY COMMUNITY. DETAILED RECORDS OF ALL GIFTS, SCHOLARSHIPS AND ENDOMWENT FUNDS RECEIVED BY THE ASSOCIATION ARE PERMANENTLY FILED AND MAINTAINED. THE ACCOUNTING SOFTWARE UTILIZED BY THE UVA FUND PROVDIES AN ACCURATE AND DETAILED HISTORY OF ALL ENDOWMENT FUNDS BY ACCOUNT BALANCE AND GRANTS MADE. ALL GRANT REQUESTS ARE REVIEWED BY MANAGEMENT PRIOR TO PAYMENT TO ENSURE THAT THEY MATCH THE FUND'S PURPOSE, CONFORM TO THE DONOR'S ORIGINAL INTENT AND THAT ALL RESTRICTIONS ARE MET. X true true X X X X X false false false false false false false false false C Thomas Faulders III President & CEO 292500 0 75703 0 43182 0 26500 0 14966 0 452851 0 0 0 Donna R Arehart VP of Finance 175706 0 4132 0 21831 0 26488 0 16267 0 244424 0 0 0 Wayne D Cozart VP of Development 138387 0 3765 0 11949 0 26518 0 6285 0 186904 0 0 0 Richard Gard VP of Communications 119305 0 1305 0 8532 0 14000 0 15525 0 158667 0 0 0 Jason E Life Director of Alumni Engagement 113921 0 3672 0 193 0 20328 0 18547 0 156661 0 0 0 Margaret M Anderson Managing Director UVA Fund 131316 0 3372 0 445 0 23251 0 6790 0 165174 0 0 0 Schedule J Part I, Line 1 FARMINGTON COUNTRY CLUB DUES: THE ALUMNI ASSOCIATION PROVIDES THE PRESIDENT AND CEO WITH A MEMBERSHIP TO THE FARMINGTON COUNTRY CLUB. FARMINGTON IS A SOCIAL CLUB USED BY THE EMPLOYEE FOR BUSINESS AND RECREATIONAL USE. THIS IS CONSIDERED FULLY TAXABLE AND IS THEREFORE INCLUDED IN THE EMPLOYEES TAXABLE WAGES FOR THE YEAR. GREENCROFT COUNTRY CLUB DUES: THE ALUMNI ASSOCIATION PROVIDES THE PRESIDENT AND CEO WITH A MEMBERSHIP TO THE GREENCROFT COUNTRY CLUB. HOWEVER, THIS CLUB IS USED FOR BUSINESS PURPOSES ONLY (BOARD DINNERS) AND IS NOT CONSIDERED TAXABLE TO THE EMPLOYEE. SOCIAL CLUB DUES ALLOWANCE: DONNA AREHART AND MOLLY BASS BOTH RECEIVE $208.32 PER MONTH IN CLUB DUES ALLOWANCE. THIS IS FULLY TAXABLE AND INCLUDED IN THEIR W-2 WAGES. INTRAMURAL SPORTS MEMBERSHIP: THE ALUMNI ASSOCIATION PROVIDES AN INTRAMURAL-RECREATIONAL SPORTS MEMBERSHIP TO ANY EMPLOYEE WISHING TO JOIN. THIS MEMBERSHIP ALLOWS THE EMPLOYEE TO UTILIZE ALL UNIVERSITY RECREATION FACILITIES AND COSTS $410 PER EMPLOYEE. MEMBERSHIP IS AVAILABLE TO ALL MEMBERS OF THE UNIVERSITY COMMUNITY. EMPLOYEES ARE NOT TAXED ON THE VALUE OF THE SPORTS MEMBERSHIP BECAUSE THE ATHLETIC FACILITIES ARE LOCATED ON UNIVERSITY PREMISES AND OPERATED BY THE UNIVERSITY. THE USE OF THE FACILITIES PASS IS LIMITED TO THE EMPLOYEE ONLY AND IS NOT AVAILABLE TO FAMILY MEMBERS. [I.R.C. SEC. 132(I)(4)] The Alumni Association pays for social club dues for the following employees: 1. Tom Faulders - $7,296 2. Donna Arehart -$2,500 X 634 2724532 FMV X HORSES 39 1422400 FMV X OTHER 100 186021 FMV 9 false true true Form Sch M Part I Line 32b The Alumni Association uses independent agents and brokers to sell and process gifts of securities. Governing Body Delegation of BOARD Authority Form 990, Part VI, line 1a In accordance with Article X, Section 1 of the Association's Corporate Bylaws, the Board of Managers may create an Executive Committee and shall appoint Managers to serve on it. The committee shall have two or more members, with a majority of the committee membership consisting of Managers, and all of whom shall serve at the pleasure of the Board. The current Executive Committee consists of 17 members, all of which are voting Managers of the Board. Pursuant to Article II, Section 2 of the Corporate Bylaws, the Executive Committee of the Board of Managers is empowered to act on any matters between regular Board meetings with the following exceptions: The Executive Committee may not (i) fill vacancies on the Board or on any of its committees; (ii) amend the Articles of Incorporation; (iii) adopt, amend or repeal these Bylaws; (iv) approve a plan of merger or consolidation; (v) approve the sale, lease or exchange, or the mortgage, pledge or other disposition of all, or substantially all, of the property and assets of the Association; or (vi) approve revocation of voluntary dissolution proceedings. 990 REVIEW PROCESS Form 990 Part VI Line 11b A COPY OF THE FORM 990 IS PROVIDED TO THE ALUMNI ASSOCIATION'S BOARD OF MANAGERS FOR REVIEW. IN ADDITION, THE 990 HAS BEEN REVIEWED BY MANAGEMENT AND THE ASSOCIATION'S INDEPENDENT ACCOUNTING FIRM KPMG. THE RETURN IS FURTHER REVIEWED AND DISCUSSED DURING THE AUDIT COMMITTEE SESSION OF THE SPRING BOARD OF MANAGERS MEETING. THE 990 IS FILED SUBSEQUENT TO THE COMPLETION OF ALL LEVELS OF REVIEW. CONFLICT OF INTEREST POLICY Form 990 Part VI Line 12c ANNUALLY, EACH MEMBER OF THE BOARD OF MANAGERS FILES WITH THE EXECUTIVE DIRECTOR A CONFLICT OF INTEREST DISCLOSURE STATEMENT. IN ADDITION, THIS STATEMENT IS FILED BY FUTURE MEMBERS OF THE BOARD OF MANAGERS AT THE TIME OF THEIR ELECTION. A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS CONSIDERED TO EXIST IF THE MEMBER OR A MEMBER'S DEPENDENT HAS ANY RELATIONSHIP, INTEREST, OR SITUATION WHICH MIGHT INDICATE A DUALITY OF LOYALTY OR INTEREST. IF A CONFLICT EXISTS, THE MEMBER IS ASKED TO IDENTIFY THE SPECIFIC CONFLICT. ANY MEMBER OF THE BOARD HAVING A CONFLICT OF INTEREST IN CONNECTION WITH ANY MATTER BEFORE THE BOARD SHALL SO INDICATE AT THE TIME AND SHALL NOT TAKE PART IN ANY VOTE WITH RESPECT TO SUCH MATTER. THE MINUTES OF THE MEETING SHALL REFLECT ANY SUCH DISCLOSURE AND ABSTENTION FROM VOTING. IF CONFIDENTIAL INFORMATION WILL BE PRESENTED OR DISCUSSED, THE MEMBER OF THE BOARD WITH THE CONFLICT WILL BE EXPECTED TO EXCUSE HIMSELF/HERSELF DURING THAT PORTION OF THE MEETING. Form 990 Part VI Lines 13 & 14 The Association has employed various internal practices regarding document retention with regard to all its financial records. In addition, practices have been in place to encourage those with any knowledge of the possible misuse of donor/client funds to promptly contact appropriate independent parties to address such matters, including the Audit Committee Chair. Each of these existing practices is being formalized into written policy directives to be reviewed and adopted by the Board of Managers. The Association anticipates that a formal whistle blower policy will be adopted by the Board during fiscal year 2018, and an organization-wide document retention and destruction policy will be adopted and in place during fiscal year 2019. EXECUTIVE COMPENSATION PROCESS Form 990 Part VI LINES 15A & 15B THE EXECUTIVE COMPENSATION PROGRAM AT THE ALUMNI ASSOCIATION OF THE UNIVERSITY OF VIRGINIA (THE ASSOCIATION) IS DESIGNED TO ALIGN THE INTERESTS OF EXECUTIVE OFFICERS WITH THEIR PERFORMANCE. THIS PROGRAM IS BASED ON A PHILOSOPHY THAT THE TOTAL COMPENSATION PACKAGE MUST BE COMPETITIVE WITH SIMILAR POSITIONS IN THE INDUSTRY IN ORDER TO ATTRACT AND RETAIN EXECUTIVE TALENT. THE COMPENSATION COMMITTEE (COMMITTEE) OF THE ASSOCIATIONS BOARD OF MANAGERS IS RESPONSIBLE FOR OVERSIGHT AND ADMINISTRATION OF THE EXECUTIVE COMPENSATION PROGRAM. THE COMMITTEE RETAINS A PROFESSIONAL CONSULTANT TO PROVIDE AN INTERMEDIATE SANCTIONS REVIEW OF THE PRESIDENT AND FIVE HIGHEST PAID POSITIONS AND A MARKET VALUE ANALYSIS OF ALL OTHER MAJOR JOB DESCRIPTIONS ON A TRIENNIAL BASIS. SALARY AND OTHER BENEFITS ARE BENCHMARKED AGAINST THE COMPENSATION PAID TO OFFICERS AND UPPER MANAGEMENT IN COMPARABLE, HIGH-PERFORMING COMPANIES WITH SIMILAR RESPONSIBILITIES. THIS PROFESSIONAL REVIEW WAS LAST PERFORMED IN FISCAL YEAR 2016-17. THE COMPENSATION COMMITTEE DOCUMENTS THE DELIBERATION AND ALL DECISIONS MADE DURING ITS ANNUAL MEETING. DISCLOSURE Form 990 Part VI Line 19 THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS or CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE ASSOCIATION DOES MAKE ITS FINANCIAL STATEMENTS, FORM 990, AND FORM 990-T AVAILABLE TO THE PUBLIC ON ITS OWN WEBSITE. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Change in Fair Value of Beneficial Interests in Trusts $1,533,951 Change in Value of Trusts & Annuities $ 34,187 ------------ TOTAL $1,568,138 THE JEFFERSON TRUST FOR THE UNIV OF VA 211 EMMET STREET SOUTH CHARLOTTESVILLE VA 22903 GRANT PROGRAM VA 0 0 NA FARQUHAR DAVID TUA PO BOX 400314 CHARLOTTESVILLE VA 22904 946402196 MANAGEMENT CA UVA ALUMNI ASSN Trust 31459 0 1.00000 true false false false false false false false false false false false false false false false false false false true