2018-05-11T09:28:15-05:00 2017-06-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2016-07-01 237039817 THE BARUCH COLLEGE FUND % IRINA LASKIN BARU 6466606668 One Bernard Baruch Way NEW YORK NY 10010 MAX W BERGER PRESIDENT 6466606668 2018-05-10 true Daniel Romano P00504182 2125990100 209.220.136.124 26377520181315000002 2018-05-11 P 32778C9288487CCB557400271BF2B2D8D9E2E3C7 F49A67012B2BD0B747B3FC8EDB4C5F33AD03E3F0 2016 2021-01-29 14:40:06Z KATHARINE T COBB ONE BERNARD BARUCH WAY NEW YORK NY 10010 53713122 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. 46 46 550 1 -115633 -305517 12794617 20452365 0 0 -636456 6340184 -9869 -29665 12148292 26762884 5941940 6444162 0 0 6059171 6254624 331424 222709 2140145 2042928 1753813 14375463 14675308 -2227171 12087576 169308348 197380493 2972447 3561565 166335901 193818928 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 10841534 5877547 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. 566615 566615 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 $3 million in scholarships and awards to 1,481 students in FY 2017. All scholarship and awards recipients are selected by the College and approved for award based on individual scholarship and award fund criteria. 11408149 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 173 0 true 550 true false false false false false true true false false false false false X 46 46 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 Walter H Barandiaran Trustee (thru 12/2016) 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 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 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 1.0 0.0 X 0 0 0 Michael F Jimney Trustee 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 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 Sandra K Wasserman Trustee 1.0 0.0 X 0 0 0 Kam H Wong Trustee 1.0 0.0 X 0 0 0 Lawrence L Zicklin chairman 1.0 0.0 X X 0 0 0 Barbara N Kent Trustee (thru 06/2017) 1.0 0.0 X 0 0 0 Marilyn E LaMarche-Mandell Trustee (thru 06/2017) 1.0 0.0 X 0 0 0 Gillian Van Schaick Trustee (thru 06/2017) 1.0 0.0 X 0 0 0 Katharine T Cobb VP Admin/Finance 10.0 30.0 X 0 208016 35235 Irina Laskin Controller 35.0 0.0 X 113344 0 43071 Mitchel B Wallerstein President - Baruch College 10.0 30.0 X 100000 305875 48120 Harry F Huss Dean 0.0 35.0 X 118600 266445 19601 Steven Lilien Professor 0.0 35.0 X 81493 114228 35643 Terrence Martell Professor 0.0 35.0 X 141348 136708 38633 Ramona Zachary Professor 0.0 35.0 X 81714 168713 21735 636499 1199985 242038 3 false true false PAXTON ELLIS ADVISORY LLC 345 WEST 58TH STREET SUITE 7XY NEW YORK NY 10019 PROGRAM REVIEW 260127 PRIME BUCHHOLZ ASSOCIATES INC PO BOX 16011 LEWISTON ME 042439588 ADVISORY SERVICES 149298 new york immigration coalition 137-138 west 25th st NEW YORK NY 10001 program services 140000 FUTURE FUNDS LLC 58 THORNYCROFT AVE STATEN ISLAND NY 10312 PLAN GIVING COUNSEL 120000 MAKE THE ROAD NEW YORK 301 GROVE STREET BROOKLYN NY 11237 PROGRAM Services 103500 6 1006665 19445700 443486 20452365 0 1102644 -115633 1218277 0 0 0 0 0 32063788 26826248 5237540 5237540 5237540 94325 1006665 123990 -29665 -29665 0 0 0 0 0 0 0 26762884 -115633 6426152 5877547 5877547 566615 566615 0 0 244621 119261 125360 0 5571488 4837036 154140 580312 0 419383 146424 272959 19132 7690 11442 0 70544 66944 3600 73882 73882 0 222709 222709 199019 199019 143981 8118 135863 4804 4804 420937 21636 399301 63917 63917 0 30023 26002 4021 35787 80 35707 0 125887 17652 108235 0 0 0 25213 23691 1522 BAD DEBT EXPENSE 264066 264066 SPECIAL EVENTS 295753 295753 14675308 11408149 1127014 2140145 1090630 428806 12237635 10977788 18141377 20041196 0 0 0 0 0 0 0 0 0 0 514762 2927751 0 0 45143630 75107397 82725996 77576368 0 0 0 0 9454318 10321187 169308348 197380493 905660 881505 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2066787 2680060 2972447 3561565 X 8492302 9748832 48461083 67622010 109382516 116448086 166335901 193818928 169308348 197380493 X 12087576 14788716 606735 X false true X true false X 23265888 15830846 8815139 12794617 19445700 80152190 0 0 23265888 15830846 8815139 12794617 19445700 80152190 20263272 59888918 630930 463841 472057 757064 1102644 3426536 0 716371 92000 89250 80850 1100990 2079461 85658187 0.69916 0.73348 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119705075 7357346 16412106 4836708 1601950 137035869 125704443 4557221 -4188856 4690378 1677355 119705075 130480530 868905 617085 4558997 1703080 125704443 115234291 6782985 14088001 4069111 1555636 130480530 94594196 13714198 11080378 3373772 780709 115234291 0.00000 0.84980 0.15020 false false LIMITED PARTNERSHIPS 77576368 F 77576368 INTEREST AGREEMENTS 5272147 BENEFICIAL INTEREST IN TRUST 5037858 DUE FROM BROKER 11182 10321187 0 ANNUITY OBLIGATIONS 2680060 2680060 X 42158335 14788716 606735 15395451 26762884 26762884 14675308 14675308 14675308 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 income taxation by virtue of being an organization described in the Code. Nevertheless, the Fund may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Internal Revenue Code. The tax years ending June 30, 2014, 2015, 2016 and 2017 are still open to audit for both federal and state purposes. RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS OF $606,735. Central America and the Caribbean Investments 31986319 Europe (Including Iceland and Greenland) Investments 16491682 48478001 48478001 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 120000 0 WILSON BENNETT TECHNOLOGY 2239 BILL FOSTER MEMORIAL HWY W CABOT AR 72023 TELEfund FUNDRAISING false 0 75209 67305 HARVEST FRC INC 62 COLONIAL AVENUE NEWTON PA 18940 FUNDRAISING CONSULTING false 0 27500 0 0 222709 67305 CA CO CT DC FL GA IL MD MA MI NJ NY NC OH OR PA SC VA WA annual dinner 1100990 1006665 94325 123990 0 1100990 1006665 94325 123990 123990 -29665 true BARUCH COLLEGE - THE CITY UNIVERSITY OF NY ONE BERNARD BARUCH WAY NEW YORK NY 10010 133893536 5877547 N/A N/A PROGRAM SUPPORT SCHOLARSHIPS 326 566615 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, 2017, in addition to the 1,155 scholarships the Fund awarded through the Bernard M Baruch College of the City University of New York, an additional 326 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, 2017 was 1,481 totaling $3,381,380. 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 true true false false false false false false false false false Katharine T Cobb VP Admin/Finance 0 208016 0 0 0 0 0 16641 0 18594 0 243251 0 0 Irina Laskin Controller 113344 0 0 0 0 0 0 0 43071 0 156415 0 0 0 Mitchel B Wallerstein President - Baruch College 100000 305875 0 0 0 0 0 21200 19331 7589 119331 334664 0 0 Harry F Huss Dean 118600 266445 0 0 0 0 0 19601 0 0 118600 286046 0 0 Steven Lilien Professor 81493 114228 0 0 0 0 0 17049 0 18594 81493 149871 0 0 Terrence Martell Professor 141348 136708 0 0 0 0 0 20039 0 18594 141348 175341 0 0 Ramona Zachary Professor 81714 168713 0 0 0 0 0 21735 0 0 81714 190448 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. 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. schedule j, part ii, line 2: The nontaxable benefits for the Funds Controller, who is an employee of the Research Foundation of CUNY ("RF"), WERE NOT READILY DETERMINABLE. As a result, the Fund used a 38% benefit rate as prescribed by the RF. 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"). X 19 443486 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 approval and upon such approval, 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 $606,735. 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 8026769 Cash