2018-03-08T16:20:28-06:00 2017-04-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-05-01 237094836 BETHEL UNIVERSITY FOUNDATION BETH 6516351002 3900 BETHEL DRIVE ST PAUL MN 55112 ANGELLA J HJELLE EXECUTIVE DIRECTOR 6516351002 2018-03-07 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2018-03-07 15:11:04 CS P F3F329DFBA37A4C14C73FD596159B47BC051605F A2123DFBE242282C330A178D17D2CDC6A47C82D0 2016 2021-01-29 14:40:06Z ANGELLA J HJELLE 3900 BETHEL DRIVE ST PAUL MN 55112 6271759 0 X WWW.BETHEL.EDU/DEVELOPMENT/FOUNDATION X 1971 MN HELP DONORS PLAN CHARITABLE GIVING AND SUPPORT BETHEL BY RECEIVING AND MANAGING DONATED FUNDS. 21 20 3 20 0 0 733484 641412 0 0 -26386 436625 0 793 707098 1078830 6021 4718 0 0 313216 327439 0 0 0 78173 86442 397410 418599 309688 660231 19989129 20873306 10503736 10341102 9485393 10532204 TO PROVIDE FINANCIAL MANAGEMENT OF ENDOWMENT AND TRUST ACCOUNTS FOR BETHEL UNIVERSITY AND ITS CONSTITUENTS. 0 0 4718 4718 BETHEL UNIVERSITY FOUNDATION EXISTS FOR THE PURPOSE OF ENHANCING THE FINANCIAL STRENGTH OF BETHEL UNIVERSITY BY SUPPORTING ENDOWMENT GROWTH, FACILITATING MAJOR NONCASH GIFTS AND ENCOURAGING MAJOR GIFTS THROUGH ITS DEFERRED GIFT PROGRAM. IN ADDITION, THE FOUNDATION PROVIDES ACCOUNTING AND MANAGEMENT SERVICES TO BETHEL FOR BETHEL'S LONG-TERM INVESTMENTS. 4718 1 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 0 0 3 0 0 1 CJ 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 MN X MARTIN ANDERSON CONTROLLER 6516351002 2 PINE TREE DRIVE ARDEN HILLS MN 55112 LESLIE CHAPMAN CHAIR 1.00 5.00 X X 0 0 0 CHRIS SHAW VICE CHAIR 1.00 0.00 X X 0 0 0 STEVEN LANDBERG TREASURER 1.00 0.00 X X 0 0 0 LINDA GOODWIN SECRETARY 1.00 0.00 X X 0 0 0 JAMES H BARNES III EX-OFFICIO 1.00 40.00 X 0 213404 67063 WADE ANDERSON GOVERNOR 1.00 0.00 X 0 0 0 DON BENSON GOVERNOR 1.00 0.00 X 0 0 0 BOB BRODIN GOVERNOR 1.00 0.00 X 0 0 0 MICHAEL BROCKER GOVERNOR 1.00 5.00 X 0 0 0 TIMOTHY DOTEN GOVERNOR 1.00 0.00 X 0 0 0 DEAN JUNKANS GOVERNOR 1.00 0.00 X 0 0 0 CEDRIC LONG GOVERNOR 1.00 0.00 X 0 0 0 GAIL LUNDEEN GOVERNOR 1.00 0.00 X 0 0 0 LAURA MCKNIGHT GOVERNOR 1.00 5.00 X 0 0 0 PETER REKSTAD GOVERNOR 1.00 0.00 X 0 0 0 SCOTT RIDDLE GOVERNOR 1.00 0.00 X 0 0 0 ANDREA SCHILLING GOVERNOR 1.00 0.00 X 0 0 0 BRENT WILDE GOVERNOR 1.00 0.00 X 0 0 0 ANGELLA J HJELLE EXECUTIVE DIRECTOR 40.00 0.00 X 0 112297 13634 MARTIN ANDERSON CONTROLLER 40.00 0.00 X 0 70540 21090 MARK MILES SENIOR VICE PRESIDENT 1.00 40.00 X 0 140646 24678 0 536887 126465 0 0 1 0 0 404918 236494 225151 641412 64832 64832 5305659 259063 4942929 250000 362730 9063 371793 371793 OTHER INCOME 900000 793 793 793 1078830 0 0 437418 4718 4718 251139 251139 49308 49308 2304 2304 9913 9913 14775 14775 566 566 15859 15859 27554 27554 1041 1041 2429 2429 15163 15163 9329 9329 MISCELLANEOUS EXPENSE 12841 12841 SUBSCRIPTIONS & MEMBERS 1660 1660 418599 4718 413881 0 133136 253998 26240 0 2496894 4169361 2164956 721304 15167903 15728643 19989129 20873306 10503736 10341102 10503736 10341102 X 4568226 5141663 3954669 4317800 962498 1072741 9485393 10532204 19989129 20873306 X 660231 146197 240383 X 0 1 X 1 0 X 1206295 381629 792625 733484 641412 3755445 1206295 381629 792625 733484 641412 3755445 1083715 2671730 61331 48987 68381 49177 64832 292708 793 793 4048946 0.65990 0.64010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 793. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 225151 103000 1064920 1 1 1 101535299 14962000 6366092 110131207 0 41752461 1488584 5856573 1176295 331345 168647 47421331 40103478 5051860 -2040072 1079371 111737 171697 41752461 37529158 3103840 819339 932407 262052 154400 40103478 34395566 918382 3340212 519471 489171 116360 37529158 28873064 1704768 4848366 434704 493398 102530 34395566 0.09960 0.70770 0.19270 0 0 0 TRUST ASSETS- MUTUAL FUNDS 13838087 POOLED COMMON FUND ASSETS 1890556 15728643 OBLIGATIONS UNDER TRUST AND PCF AGREEMENTS 10338102 PAYABLE TO BETHEL UNIVERSITY 3000 10341102 X 1465410 146197 240383 386580 1078830 0 1078830 418599 0 418599 0 418599 PART IV, LINE 1B: THE FOUNDATION INVESTS ENDOWMENT AND PENSION FUNDS FOR BETHEL UNIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD FOR BETHEL UNIVERSITY TO PROVIDE SCHOLARSHIPS AS WELL AS TO SUPPORT PROGRAMS AND OPERATIONS. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REQUIRED. AS SUCH, IT IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET UNRELATED BUSINESS INCOME. THE FOUNDATION HAS DETERMINED THAT IT IS NOT SUBJECT TO UNREALIZED BUSINESS INCOME TAXES. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 240,383. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 496249 0 0 0 0 0 0 496249 0 496249 1 0 1 1 0 0 PART I, LINE 3: ACCRUAL METHOD 0 0 0 0 0 0 0 0 0 JAMES H BARNES III EX-OFFICIO 0 206343 0 0 0 7061 0 10108 0 56955 0 280467 0 0 MARK MILES SENIOR VICE PRESIDENT 0 139397 0 0 0 1249 0 5619 0 19059 0 165324 0 0 PART I, LINE 3 BETHEL UNIVERSITY FOUNDATION DOES NOT COMPENSATE ANY INDIVIDUALS. THE ORGANIZATION RELIED ON BETHEL UNIVERSITY IN SETTING THE COMPENSATION FOR THOSE INDIVIDUALS. BETHEL UNIVERSITY USED MULTIPLE METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION, INCLUDING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 3 225151 STOCK MARKET QUOTES 0 0 0 PART I, COLUMN (B): COLUMN (B) IS THE NUMBER OF CONTRIBUTORS. PART V LINE 2A NUMBER OF EMPLOYEES THE ORGANIZATION IS REPORTING IN THE FORM 990 THREE EMPLOYEES WHO DEVOTE TIME TO THE FOUNDATION AFFAIRS. THESE INDIVIDUALS ARE COMPENSATED BY BETHEL UNIVERSITY AND W-2S ARE ISSUED BY THE UNIVERSITY. ALL PAYROLL TAX FILINGS ARE PREPARED BY THE UNIVERSITY. FOR THE PURPOSE OF PART IX, THESE INDIVIDUALS ARE REPORTED AS COMPENSATION IN THE RETURN. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE INCLUDES ONE MEMBER OF THE BOARD WHO IS NOT A STAFF MEMBER, TOGETHER WITH THE CHAIRMAN, VICE-CHAIRMAN, EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE INVESTMENT COMMITTEE. AT LEAST ONE MEMBER OF THE EXECUTIVE COMMITTEE SHOULD BE A MEMBER OF THE BOARD OF TRUSTEES OF BETHEL UNIVERSITY. THE EXECUTIVE COMMITTEE HAS POWER AND AUTHORITY BETWEEN BOARD MEETINGS AS ARE DELEGATED TO IT BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE FOUNDATION'S BYLAWS, BETHEL UNIVERSITY RETAINS THE RIGHT TO APPROVE OR REMOVE MEMBERS OF THE FOUNDATION'S BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE FOUNDATION'S GOVERNING DOCUMENTS REQUIRE APPROVAL BY THE BOARD OF TRUSTEES OF BETHEL UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND APPROVES THE PUBLIC INSPECTION COPY OF THE FORM 990 BEFORE IT IS GIVEN TO THE BOARD AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE FORM IS COMPLETED BY BOARD AND STAFF AS REQUIRED BY THE CONFLICT OF INTEREST POLICY. IF AN INDIVIDUAL BELIEVES SHE/HE HAS DETECTED A CONFLICT OF INTEREST SITUATION, THE ACTIVITY SHOULD BE DISCLOSED TO THE APPROPRIATE SUPERVISORY LEVEL ABOVE THE INDIVIDUAL INVOLVED IN THE POTENTIAL CONFLICT SITUATION. THE SUPERVISORY PERSONNEL SHOULD THEN DISCUSS THE SITUATION WITH THE INVOLVED INDIVIDUAL RECOMMENDING THE INDIVIDUAL COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE TO ASSIST IN DETERMINING THE NATURE OF THE SITUATION. IT SHOULD THEN BE DISCUSSED WITH THE APPROPRIATE PERSONS. FORM 990, PART VI, SECTION B, LINE 15 BETHEL UNIVERSITY FOUNDATION DOES NOT COMPENSATE ANY INDIVIDUALS. THE ORGANIZATION RELIED ON BETHEL UNIVERSITY IN SETTING THE COMPENSATION FOR THOSE INDIVIDUALS. BETHEL UNIVERSITY USED MULTIPLE METHODS TO ESTIMATE THE TOP MANAGEMENT OFFICIALS' COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 240,383. FORM 990, PART I: SUPPORT SERVICES FROM BETHEL UNIVERSITY BETHEL UNIVERSITY PROVIDED CERTAIN SUPPORT SERVICES TO THE FOUNDATION INCLUDING PROVIDING OFFICE SPACE AND ASSOCIATED EXPENSES AT NO COST. EMPLOYEES OF THE FOUNDATION ALSO PARTICIPATE IN BETHEL'S INSURANCE AND HEALTH BENEFIT PLANS. THESE OPERATING COSTS WERE PAID BY BETHEL AND HAVE BEEN REFLECTED IN SUPPORT AND REVENUE AND OPERATING EXPENSES. THE VALUE OF SUCH SERVICES TO THE FOUNDATION IS $404,918 FOR BETHEL'S FISCAL YEAR ENDED MAY 31, 2017. BETHEL UNIVERSITY 3900 BETHEL DRIVE ST PAUL MN 55112 410708577 EDUCATION MN 501(C)(3) LINE 2 N/A 0 BETHEL UNIVERSITY FOUNDATION POOLED COMMON FUND 3900 BETHEL DRIVE ST PAUL MN 55112 411815788 INVESTMENT MN 501(C)(3) PF N/A 0 CHARITABLE REMAINDER TRUSTS (41) INVESTMENT MN BETHEL UNIVERSITY FOUNDATION T 1 REVOCABLE TRUSTS (4) INVESTMENT MN N/A T 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0