2018-03-08T10:04:40-06:00 2017-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2016-07-01 237104179 THE GENESEO FOUNDATION INC GENE 5852455518 1 COLLEGE CIRCLE DOTY 325 GENESEO NY 144541485 KEVIN GAVAGAN BOARD CHAIR 5852455518 2018-02-12 1 JACQUELINE B LEE CPA P00842765 5854231860 2018-02-12 98.159.217.67 2018-02-12 11:44:02 ES P 0DADF1D6908A9869BC282D158C65CB43F063B5C8 65409D6E24A55C8641EA06A667A357AE92A0EEBB 2016 2021-01-29 14:40:06Z KEVIN GAVAGAN 1 COLLEGE CIRCLE DOTY 325 GENESEO NY 144541485 17185522 0 X FOUNDATION.GENESEO.EDU X 1971 NY THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 29 28 5 33 0 0 3542545 2311334 367795 205596 -721926 80469 0 0 3188414 2597399 1342347 1520828 0 0 128616 46523 0 0 114917 2140177 1948364 3611140 3515715 -422726 -918316 34493376 37126976 409335 340708 34084041 36786268 X THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 0 0 1020527 1020527 THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $1,020,527. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 391967 391967 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $391,967. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 1495656 108334 205596 COLLEGE ACTIVITIES WERE SUPPORTED BY THE GENESEO FOUNDATION TO ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. EXAMPLES INCLUDE PROFESSIONAL CONFERENCES/CONVENTIONS/MEETINGS, PURCHASES OF EQUIPMENT FOR CAMPUS IMPROVEMENT PROJECTS, SUPPORT FOR SPEAKERS AND GUEST LECTURERS, MEMBERSHIP FEES, PURCHASES OF PROFESSIONAL PUBLICATIONS AND PRINTING OF CAMPUS PUBLICATIONS, NEWSLETTERS AND BROCHURES, RECEPTIONS FOR LECTURERS,INTERNSHIP PRESENTATIONS, FACULTY/STUDENT AWARD PROGRAMS, AND MINORITY STUDENT PROGRAMS. 2908150 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 X 100 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X THE GENESEO FOUNDATION INC 5852455606 SUNY GENESEO-DOTY 244 GENESEO NY 144541485 X SCOTT C AGAN BOARD MEMBER 1.00 X 0 0 0 ROBERT J AVALLONE BOARD MEMBER 1.00 X 0 0 0 MICHAEL C BARKMAN BOARD MEMBER 1.00 X 0 0 0 KATHY ACIERNO BARON BOARD MEMBER 1.00 X 0 0 0 RAJESH BELLANI BOARD MEMBER 1.00 X 0 0 0 MICHAEL CAMARELLA BOARD MEMBER 1.00 X 0 0 0 JOHN T CAMIOLO BOARD MEMBER 1.00 X 0 0 0 CLARE M CUSACK BOARD MEMBER 1.00 X 0 0 0 KATHRYN FREER-FIRKINS BOARD MEMBER 1.00 X 0 0 0 JACK A KRAMER BOARD MEMBER 1.00 X 0 0 0 DANIEL G LOUGHRAN TREASURER 2.00 X X 0 0 0 PAUL R PETERMAN BOARD MEMBER 1.00 X 0 0 0 KEVIN GAVAGAN CHAIR 2.00 X X 0 0 0 JENNIFER DUNLAP BOARD MEMBER 1.00 X 0 0 0 DANIEL B WARD BOARD MEMBER 1.00 X 0 0 0 ANNE I TILLINGHAST BOARD MEMBER 1.00 X 0 0 0 GEORGE W SPEEDY BOARD MEMBER 1.00 X 0 0 0 JOHN A GLEASON VICE CHAIR 2.00 X X 0 0 0 KEVIN M CANTY BOARD MEMBER 1.00 X 0 0 0 MOLLENE BENISON BOARD MEMBER 1.00 X 0 0 0 BARBARA BILODEAU BOARD MEMBER 1.00 X 0 0 0 KRISTIN GRAHAM KOEHLER SECRETARY 2.00 X X 0 0 0 ROBERT MURRAY BOARD MEMBER 1.00 X 0 0 0 JOHN O'MALLEY BOARD MEMBER 1.00 X 0 0 0 JESSICA SAVAGE BOARD MEMBER 1.00 X 0 0 0 JONNA SHUTOWICK BOARD MEMBER 1.00 X 0 0 0 ROBERT WALLEY BOARD MEMBER 1.00 X 0 0 0 JON HYSELL INTERIM EXECUTIVE DIRECTOR THRU 7/2016 40.00 X X 170998 0 75823 DENISE A BATTLES PRESIDENT OF SUNY GENESEO 1.00 X 0 0 0 K JOHNSON BOWLES EXECUTIVE DIRECTOR AS OF 7/2016 40.00 X X 66412 0 33910 237410 0 109733 1 0 1 1 0 38860 2272474 223475 2311334 COLLEGE SERVICE ACTIVITIES 611710 205596 205596 205596 186618 186618 14481974 14588123 -106149 -106149 -106149 2597399 205596 0 80469 108334 108334 1412494 1412494 34750 27678 7072 6897 5493 1404 913 760 153 3963 3032 931 47824 4306 43518 223175 223175 106147 52531 20740 32876 79302 79302 330096 313827 13679 2590 4190 4190 COLLEGE ACTIVITIES 605325 585303 20022 STEWARDSHIP & COLLEGE R 226134 162697 13533 49904 SUPPLIES 156717 150180 2336 4201 MISCELLANEOUS 118910 60455 58455 50544 16870 8328 25346 3515715 2908150 492648 114917 446861 554503 41433 16743 1677308 1242355 14343 13950 476941 553750 370 430735 146158 288767 284577 3519353 2057558 27054309 31438485 973691 965055 34493376 37126976 224300 175537 185035 165171 409335 340708 X 5293442 5246242 8795132 11089373 19995467 20450653 34084041 36786268 34493376 37126976 X -918316 3609467 11076 X X 0 1 X 1 0 X 2453158 5602618 2664536 3542545 2311334 16574191 2152289 2433347 2532349 2324787 2541554 11984326 4605447 8035965 5196885 5867332 4852888 28558517 762183 27796334 421383 472495 232563 135849 186618 1448908 15028 19794 20863 55685 30063110 1560609 0.92460 0.90990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 815520 X X 0 29628608 551422 3610182 5185858 28604354 29164501 1624325 -423471 736747 29628608 26577236 3001000 1972 415707 29164501 21584470 900000 4186662 93896 26577236 17271676 1593500 2801892 82598 21584470 0.08890 0.67780 0.23330 1 0 186367 186367 169761 85276 84485 60882 60882 0 13725 13725 284577 2083059 F DELEHANTY ANN M U/W 456823 F SSGA RUSSELL 3000 INDEX 2668804 F FIERA USA GLOBAL EQUITIES FUND LP 2125222 F AQR DELTA XN OFFSHORE FUND 1845268 F IR&M CORE BOND FUND II LLC 1428244 F ACADIAN NON-US ALL CAP EQUITY FUND 2088245 F BAXTER STREET OFFSHORE FUND, LTD 1963902 F NEW HAMPSHIRE INVESTMENT CREDIT ASSET TRUST 781054 F PRISMA SPECTRUM FUND LTD 935463 F STANDARD LIFE INVESTMENT GLOBAL ABSOLUTE RETURN STRATEGIES OFFSHORE FEEDER F 1483749 F LAZARD EMERGING MARKETS 1105296 F WELLINGTON CTF OPPORTUNISTIC INVESTMENT 1326978 F AQR GLOBAL RISK & STYLE PREMIA 1222182 F CF DV DYNAMIC GROWTH 1217361 F COLCHESTER LOCAL MARKETS 953082 F ALLIANZGI STRUCTURED 855895 F SSGA REAL ASSET NLQP 1143156 F SSGA MSCI EAFE SMALL CAP INDEX 157403 F SSGA MSCI U.S. SMALL CAP INDEX 226090 F SSGA MSCI ACWI EX USA 1352488 F SSGA MSCI CAD SMALL CAP INDEX 14958 F SSGA MSCI EMERGING MARKETS SMALL CAP 47750 F SSGA MSCI UNITED STATES INDEX 1498190 F JOHN HANCOCK INCOME FUND CLASS R6 40,437.421 SHS 2457823 F 31438485 ANNUITY AND LIFE INCOME OBLIGATION 165171 165171 8536321 3609467 2541554 35766 6186787 2349534 228483 19382 247865 2597399 5834094 2541554 5308 2546862 3287232 228483 228483 3515715 PART III, LINE 4: THE COLLECTION IS A TEACHING TOOL THAT FURTHERS THE EDUCATIONAL EXPERIENCES OF OUR STUDENTS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 220 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: 100% INTEREST IN DELEHANTY TRUST - REALIZED GAIN 18,871. 100% INTEREST IN DELEHANTY TRUST - INTEREST AND DIVIDEND INCOME 8,785. CHANGE IN SPLIT-INTEREST AGREEMENTS 8,110. PART XI, LINE 4B - OTHER ADJUSTMENTS: 100% INTEREST IN DELEHANTY TRUST DISTRIBUTIONS 19,382. PART XII, LINE 2D - OTHER ADJUSTMENTS: 100% INTEREST IN DELEHANTY TRUST INVESTMENT FEES 5,308. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 228,483. 1 SUNY GENESEO ONE COLLEGE CIRCLE GENESEO NY 14454 146013200 501(C)(3) 108334 TO ASSIST THE COLLEGE IN PROVIDING ACTIVITIES THAT WILL ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $988,977. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 485 988977 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $202,731. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 410 202731 THE GENESEO FOUNDATION PROVIDED PRIZES AS A MONETARY AWARD TO STUDENTS AT THE END OF A SCHOOL YEAR TO ACKNOWLEDGE THEIR HARD WORK AND EXTRAORDINARY ACADEMIC PERFORMANCE DURING THAT YEAR. 147 31550 THE GENESEO FOUNDATION PROVIDED AWARDS TO FACULTY OR STUDENTS TO AID IN PROJECT COMPLETION, USUALLY INVOLVING TRAVEL OR RESEARCH OF SOME SORT ON OR OFF CAMPUS. 90 189236 PART I, LINE 2: GRANTS AT SUNY GENESEO ARE AWARDED BY THE COLLEGE'S RESEARCH COUNCIL. THERE AE A NUMBER OF PEOPLE INVOLVED IN MONITORING AS STUDENT'S SPEND THEIR GRANT MONEY. THIS IS ACCOMPLISHED BY THE OFFICE OF SPONSORED RESEARCH, ACCOUNTING, THE STUDENT'S FACULTY SPONSOR FOR THE RESEARCH, AND THE PERSON IN CHARGE OF COMPLETING PURCHASE ORDERS FOR THE GRANTS. 0 0 0 0 0 0 0 0 0 JON HYSELL INTERIM EXECUTIVE DIRECTOR THRU 7/20 148498 0 22500 0 0 0 24458 0 51365 0 246821 0 0 0 K JOHNSON BOWLES EXECUTIVE DIRECTOR AS OF 7/2016 66412 0 0 0 0 0 10938 0 22972 0 100322 0 0 0 PART I, LINE 3 THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"), AN UNRELATED ORGANIZATION, CONTRIBUTES PERSONNEL TO THE FOUNDATION. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF JON HYSELL AND K. JOHNSON BOWLES WHO DEVOTES THEIR EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. THE COLLEGE HAS PROCESSES AND PROCEDURES FOR ESTABLISHING COMPENSATION. SCHEDULE J, PART II THE COMPENSATION INCLUDED IN ROW (I) REPRESENTS COMPENSATION FROM THE FOUNDATION AND THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"). THE BONUS COMPENSATION IS PAID FOR BY THE FOUNDATION, ALL REMAINING COMPENSATION VALUES ARE PAID FOR BY THE COLLEGE. 106 FERRIS STREET LLC GREGORY O'CONNELL, BOARD MEMBER UNTIL 6/30/16, IS THE OWNER OF THE ENTITY. 12000 RENT 0 BEARD DWIGHT REALTY ASSOCIATES GREGORY O'CONNELL, BOARD MEMBER UNTIL 6/30/16, IS THE OWNER OF THE ENTITY. 18000 RENT 0 X 15 223475 FMV 0 1 0 FORM 990, PART V, LINE 2A THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"), AN UNRELATED ORGANIZATION, CONTRIBUTES PERSONNEL TO THE FOUNDATION. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF APPROXIMATELY SEVENTEEN FULL-TIME EQUIVALENT EMPLOYEES WHO DEVOTE THEIR EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED THEIR BY-LAWS IN THE CURRENT YEAR. THE CHANGES INCLUDED CLARIFYING THE SUNY GENESEO ALUMNI ASSOCIATION (SGAA) VERSUS THE GENESEO ALUMNI ASSOCIATION (GAA) AS WELL AS ESTABLISHING SUBCOMMITTEES OF THE DEVELOPMENT COMMITTEE AND COMMITTEE ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FOR ACCURACY BY THE FINANCE COMMITTEE, PROVIDED TO THE BOARD, AND THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED TO COMPLETE A STATEMENT AT THE FIRST MEETING OF THE YEAR STATING WHAT, IF ANY CONFLICTS OF INTEREST HAVE ARISEN. FORM 990, PART VI, SECTION B, LINE 15 THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"), AN UNRELATED ORGANIZATION, CONTRIBUTES PERSONNEL TO THE FOUNDATION. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF APPROXIMATELY SEVENTEEN FULL-TIME EQUIVALENT EMPLOYEES WHO DEVOTE THEIR EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. THE COLLEGE HAS A PROCESS FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART VII DENISE A. BATTLES IS THE PRESIDENT OF SUNY GENESEO, AN UNRELATED ORGANIZATION, AND AN EX-OFFICIO BOARD MEMBER OF THE FOUNDATION. DENISE A. BATTLES SERVES AS AN EX-OFFICIO BOARD MEMBER OF THE FOUNDATION ON A VOLUNTEER BASIS. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT 8,110. CURRENT YEAR ACTVITY IN 100% INTEREST IN DELEHANTY ANN M U/W TRUST 2,966. FORM 990, PART XI, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS. GENFOU PROPERTIES LLC ONE COLLEGE CIRCLE DOTY 325 GENESEO NY 14454 205319436 HOLD AND MANAGE CERTAIN REAL ESTATE NY THE GENESEO FOUNDATION INC DELEHANTY ANN M UW PO BOX 1802 PROVIDENCE RI 029011802 166272324 TRUST FOR THE BENEFIT OF THE GENESEO FOUNDATION, INC. 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