2018-03-14T14:07:52-05:00 2017-06-30 346565596 ERNST & YOUNG US LLP 190 CARONDELET PLAZA SUITE 1300 CLAYTON MO 63105 990 2016-07-01 467074121 VIRGIL AND PAULINE BROWN MEMORIAL TRUST C/O KANSAS UNIVERSITY ENDOWMENT ASSOC VIRG 7858327400 PO BOX 928 LAWRENCE KS 660440928 JAMES CLARKE TREASURER 7858327400 2018-03-14 1 JENNIFER L RICHTER P00366526 3142901000 198.248.88.151 2018-03-14 13:37:21 CD P 65972501C408EF7A97CEBBCAE7052A9B75CDC68F 65972501C408EF7A97CEBBCAE7052A9B75CDC68F 2016 2021-01-29 14:40:06Z DALE SEUFERLING PO BOX 928 LAWRENCE KS 660440928 71875 0 X N/A X 2013 KS TO PROVIDE SUPPORT FOR THE BENEFIT OF THE MEDICAL SCHOOL AT THE UNIVERSITY OF KANSAS. 1 1 0 0 0 0 0 0 0 0 46183 71875 0 0 46183 71875 40584 41397 0 0 0 0 0 0 0 1752 1841 42336 43238 3847 28637 794460 873747 0 266 794460 873481 TO PROVIDE SUPPORT FOR THE BENEFIT OF THE MEDICAL SCHOOL AT THE UNIVERSITY OF KANSAS. 0 0 41397 41397 TO PROVIDE SUPPORT FOR SCHOLARSHIPS FOR MEDICAL STUDENTS AT THE UNIVERSITY OF KANSAS WHO PLAN TO BECOME FAMILY PHYSICIANS, PREFERABLY IN RURAL COMMUNITIES IN THE STATE OF KANSAS. 41397 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JAMES CLARKE TREASURER 7858327400 1891 CONSTANT AVENUE LAWRENCE KS 660473743 X THE KANSAS UNIVERSITY ENDOWMENT ASSOC TRUSTEE 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 71875 71875 71875 0 0 71875 41397 41397 1841 1841 43238 41397 1841 0 12366 11413 782094 862334 794460 873747 266 0 266 X 794460 873481 794460 873481 794460 873747 28637 50384 0 X 0 0 0 X X X 1 THE KS UNIVERSITY ENDOWMENT ASSN 480547734 5 1 41397 0 1 41397 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 KANSAS UNIVERSITY ENDOWMENT ASSN 1891 CONSTANT AVENUE LAWRENCE KS 66047 480547734 501(C)(3) 41397 0 TO PROVIDE SUPPORT FOR SCHOLARSHIPS FOR MEDICAL STUDENTS AT THE UNIVERSITY OF KANSAS MEDICAL SCHOOL 1 0 PART I, LINE 2: ALL GRANTS ARE AWARDED IN ACCORDANCE WITH THE TRUST DOCUMENTS WHICH OUTLINE THE AMOUNT AND NATURE OF THE ANNUAL GRANT. AS TRUSTEE, KU ENDOWMENT, MAINTAINS SEPARATE BOOKS AND RECORDS FOR THE TRUST IN ORDER TO PROPERLY ACCOUNT FOR THE ASSETS HELD BY THE TRUST. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF REVIEW BY AN EXTERNAL TAX PREPARER, A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE OF THE TRUSTEE, THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 12C AS THE TRUSTEE OF THE VIRGIL AND PAULINE BROWN MEMORIAL TRUST, THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION OPERATES UNDER A CONFLICT OF INTEREST POLICY, WHICH IS AS FOLLOWS: 1. DUTY TO DISCLOSE IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTERESTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE PORTION OF THE TRUSTEE, EXECUTIVE COMMITTEE OR COMMITTEE MEETING DURING WHICH THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING TRUSTEES, EXECUTIVE COMMITTEE MEMBERS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, WHICH OTHER TRUSTEES OR MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST (A) THE TRUSTEES, EXECUTIVE COMMITTEE OR COMMITTEE, AS THE CASE MAY BE, SHALL COMPLY WITH ALL APPLICABLE LAWS AND KU ENDOWMENT POLICIES IN CONSIDERING A TRANSACTION OR ARRANGEMENT BETWEEN KU ENDOWMENT IN WHICH IT HAS BEEN DETERMINED THAT A CONFLICT OF INTEREST EXISTS. (B) AFTER EXERCISING ALL DUE DILIGENCE REQUIRED BY APPLICABLE LAW OR KU ENDOWMENT'S POLICIES AND ANY ADDITIONAL DUE DILIGENCE THAT MAY BE DEEMED APPROPRIATE UNDER THE CIRCUMSTANCES BY THE DISINTERESTED TRUSTEES, EXECUTIVE COMMITTEE MEMBERS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, THE EXECUTIVE COMMITTEE OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT TAKING INTO ACCOUNT WHETHER THE TRANSACTION OR ARRANGEMENT IS IN KU ENDOWMENT'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO KU ENDOWMENT. 4. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY (A) IF THE EXECUTIVE COMMITTEE OR A STANDING COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A TRUSTEE HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE TRUSTEE OF THE BASIS FOR SUCH BELIEF AND AFFORD THE TRUSTEE AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. (B) IF, AFTER HEARING THE RESPONSE OF THE TRUSTEE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE EXECUTIVE COMMITTEE OR A STANDING COMMITTEE DETERMINES THAT THE TRUSTEE HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE VIRGIL AND PAULINE BROWN MEMORIAL TRUST'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY OF ITS TRUSTEE (THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION) ARE AVAILABLE UPON REQUEST AT 1891 CONSTANT AVENUE, LAWRENCE, KS 66047, 785-832-7400. THE INFORMATION MAY BE MAILED OR SENT ELECTRONICALLY IF REQUESTED. THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION PO BOX 928 LAWRENCE KS 660440928 480547734 UNIVERSITY OF KANSAS SUPPORT KS 501(C)(3) 5 N/A 0 THE KU ENDOWMENT CHARITABLE GIFT FUND PO BOX 928 LAWRENCE KS 660440928 200317170 SUPPORT FOR KU ENDOWMENT AND 501(C)(3)'S NAMED IN GOVERNING DOCUMENT. KS 501(C)(3) 11A, TYPE 1 KANSAS UNIVERSITY ENDOWMENT ASSOCIATION 1 LEON KARELITZ CHARITABLE TRUST PO BOX 928 LAWRENCE KS 660440928 616400249 SUPPORT FOR KU ENDOWMENT PURSUANT TO GOVERNING DOCUMENT. KS 501(C)(3) 11A, TYPE 1 KANSAS UNIVERSITY ENDOWMENT ASSOCIATION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0