2017-11-27T17:50:53-06:00 2017-06-30 GRANT THORNTON LLP 757 THIRD AVE 2ND FLOOR NEW YORK NY 100172013 990 2016-07-01 866051042 Arizona State University Foundation For A New American University % VIRGINIA DESANTO ARIZ 4809653759 PO Box 2260 Tempe AZ 852802260 VIRGINIA DESANTO DIRECTOR, TREASURER 4809653759 2017-11-27 true daniel romano P00504182 2125990100 2017-11-27 209.220.88.84 94336920173315000000 2017-11-27 P AA918D8483008E32154F6CC583B06457B9AF9E42 EED959F8CBD3FC8687A3D40230CCC0334A440D01 2016 2017-02-10 21:41:12Z ASU Foundation RF Shangraw Jr 300 E University Dr Tempe AZ 85281 1073393112 false X www.asufoundation.org X 1955 AZ To ensure the success of Arizona State University as a new American university. 17 14 561 15 -244621 -430994 120129408 108609322 12345578 1247862 -8479547 39181992 4302491 3849216 128297930 152888392 79721324 91891492 0 0 10761585 5212025 631069 617784 7747147 20957999 25917023 112071977 123638324 16225953 29250068 999330703 925986632 254428614 172000590 744902089 753986042 X TO ENSURE THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY. false false 32678555 27365808 1493489 Specific University Programs The ASU Foundation provided more than $32.6 million in support of sustainability and education activities, entrepreneurial activities, and programming activities. In addition to the programs revenue of over $1.4 million, ASU Foundation provided over $40.7 million in contributions for these activities. 20998239 17585393 959671 Research Support The ASU Foundation provided almost $21 million in research funding for ASU. In addition to the almost $1 million of program revenue, the ASU Foundation provided more than $18.6 million of contributions to ASU in support of research in information privacy and security; supply chain management; environment and sustainability; early childhood education and other areas. 12705543 12550281 580674 Student and Faculty Support The ASU Foundation provided over $12.7 million for ASU programs that assist undergraduate and graduate students. In addition to over $.5 million of program revenue, ASU Foundation provided over $6.6 million of contributions to support faculty recognition and professorships and almost $20.7 million for student support. 43044167 34390010 2063244 EDUCATION, RESEARCH, PUBLIC SERVICE AND OTHER 43044167 34390010 2063244 109426504 true true false true false false false false true true true true false false true true false true false false true false false true false false false true false true false false false false false false true false true false false false true true true true false false true X 192 0 true 561 true true true false false false false true true false false false false X 17 14 false false true false true true true true true false true true true true true true true true true true true true AK AZ CO HI MN NY OK OR SC X X VIRGINIA DESANTO 4809651791 300 E UNIVERSITY DRIVE Tempe AZ 85281 X William Post Chair 0.5 0.5 X X 0 0 0 Juanita Francis Vice Chair 0.5 0.5 X X 0 0 0 Michael M Crow Director 1.5 1.5 X 0 0 0 Jose Cardenas Director 0.5 0.5 X 0 0 0 Angela Yin Cesal Emeritus as of 05/2017 0.5 0.5 X 0 0 0 Tony Corey Director through 01/27/2017 0.5 0.5 X 0 0 0 Wayne S Doran Emeritus as of 05/2017 0.5 0.5 X 0 0 0 Stephen O Evans Director 0.5 0.5 X 0 0 0 Ira A Fulton Director 0.5 0.5 X 0 0 0 John W Graham Director 0.5 0.5 X 0 0 0 Jay Heiler Director 0.5 0.5 X 0 0 0 Robert Johnson Director 0.5 0.5 X 0 0 0 Anne L Mariucci Director 0.5 0.5 X 0 0 0 Morgan Olsen Director 0.5 0.5 X 0 0 0 Harry Papp Director 0.5 0.5 X 0 0 0 Gary L Trujillo Director 0.5 0.5 X 0 0 0 Gregory J Vogel Director through 02/13/2017 0.5 0.5 X 0 0 0 Scott Wald Director 0.5 0.5 X 0 0 0 Keith Wirtz Director 0.5 0.5 X 0 0 0 Roger Wittlin Director through 6/30/17 0.5 0.5 X 0 0 0 R F Shangraw Jr Director, CEO 30.0 20.0 X X 213369 305967 78306 Virginia DeSanto Director, Treasurer 15.0 35.0 X X 114913 118307 39357 Marcel Valenta Secretary 18.0 32.0 X 119945 122126 43954 Gretchen Buhlig COO and Managing Director 50.0 0.0 X 298808 0 21833 Augustine Cheng Managing Director - AzTE 25.0 25.0 X 366302 240048 36369 Joshua Friedman Chief Development Officer 50.0 0.0 X 298794 0 21045 Sybil Francis Director for Strategic Adv. 40.0 0.0 X 195420 0 16415 Kimberly Hopely VP Unit Development 40.0 0.0 X 193886 0 43994 Patrick McDermott Chief Engmt Ofcr, Thunderbird 40.0 0.0 X 182533 0 28146 1983970 786448 329419 43 false true false Perella Weinberg Partners 757 5th Avenue NEW YORK NY 10153 Investment Mgmt. 1847777 Boston Consulting Group One Beacon Street 10th Floor BOSTON MA 02108 Consulting 1070000 Trinity Works PO Box 12206 FT WORTH TX 76110 CONSULTING 720000 Snavely Associates Ltd 112 W Foster Ave Suite 401 STATE COLLEGE PA 16804 Cnslting-Fundraising 358980 Irell and Manella LLP 1800 Avenue of the Stars Suite 900 LOS ANGELES CA 90067 AZTE Legal Advisory 355284 30 X 11000 108598322 9370933 108609322 ASU PROGRAM SUPPORT 541800 869304 869304 PROGRAM REVENUE AND MEMBERSHIPS 900099 135413 135413 PROGRAM RENTALS 900099 243145 243145 1247862 8618366 -244621 8862987 0 0 0 0 0 951068346 920504720 30563626 30563626 30563626 0 0 0 0 0 0 0 0 0 RESERVES SUBSIDY 900099 2063243 2063243 ASSET MANAGEMENT FEES 900099 1695554 1695554 MISCELLANEOUS 900099 90419 90419 3849216 152888392 5097078 -244621 39426613 X 91891492 91891492 0 0 0 314970 314970 0 3883522 5778 3877744 217150 217150 520446 1238 519208 275937 20 275917 0 118788 48981 69807 148706 1233 147473 0 617784 617784 3747647 3747647 5242121 4732506 11033 498582 31469 28877 2592 1750354 1207067 61110 482177 59003 1576 57427 0 20197 2106 18091 1440041 1181600 722 257719 0 112242 55752 56490 0 7766317 1706402 6059915 62369 62369 64621 64416 205 FEES/SUBSCRIPTIONS 376950 330530 4759 41661 MEALS AND CULTIVATION 3654819 3127165 184 527470 OTHER EXPENSES 1321379 1299492 21836 51 123638324 109426504 6464673 7747147 X 10335800 1866291 7192366 774741 132491669 137596808 3454932 254365 0 0 0 0 0 0 0 0 0 136966 5076450 4227613 73603485 848837 312951927 423002893 399389819 351274376 0 0 0 0 59910705 10231355 999330703 925986632 8245161 3510950 0 0 142944 0 92860000 0 128692351 165117200 0 0 10635000 0 0 0 13853158 3372440 254428614 172000590 X 25251605 -5483679 288409600 309396116 431240884 450073605 744902089 753986042 999330703 925986632 X 29250068 38594162 -58760277 X false true X true false X 82237898 59971207 108590354 120129408 108609322 479538189 0 0 82237898 59971207 108590354 120129408 108609322 479538189 34126432 445411757 12309729 12547137 11086901 11504362 8618366 56066495 0 0 535604684 43895048 0.83161 0.78766 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 75000 0 417780 0 492780 112193576 20627356 112193576 21120136 1000000 2000000 250000 500000 1000000 1000000 1000000 1000000 4000000 6000000 249780 249780 424780 492780 1417120 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Information Regarding Lobbying Activities SCHEDULE C, PART II-A AS A PART OF ITS MISSION, ASUF's parent organization, ASU Enterprise Partners, CONTRIBUTES TO PUBLIC COMMUNICATION AND ADVOCACY ACTIVITIES THAT SUPPORT HIGHER EDUCATION IN ARIZONA AND THE NEED FOR ADEQUATE FUNDING TO PROVIDE EXCELLENT EDUCATIONAL OPPORTUNITIES FOR ARIZONA RESIDENTS. true 1218696 143714 49647 1312763 true X 473400027 16925057 50438811 21855269 11010087 507898539 502048855 14088297 -18851821 17472861 6412443 473400027 489045695 29576062 5637603 16477278 5733227 502048855 435282924 14310742 62628143 15643818 7532296 489045695 394228823 13841369 49318255 15285635 6819888 435282924 0.00000 0.76830 0.23170 false false 679341 679341 0 0 0 0 4397109 4227613 169496 848837 GLOBAL EQUITIES 126086304 F GLOBAL FIXED INCOME 13759250 F ABSOLUTE RETURN 89931307 F REAL ASSETS 65155592 F PRIVATE CAPITAL 56313810 F OTHER CASH INVESTMENTS 28113 F 351274376 0 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 3372440 3372440 X 184840186 38594162 -15726989 22867173 161973013 3747647 -12832268 -9084621 152888392 133290229 13399552 13399552 119890677 3747647 3747647 123638324 ESCROW AND CUSTODIAL ARRANGEMENTS SCHEDULE D, PART IV, LINE 1B ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY (ASUF or Foundation) IS THE SOLE TRUSTEE OF TAYLOR TRUST FBO ASU FOUNDATION (TAYLOR TRUST). TAYLOR TRUST'S MISSION IS TO ESTABLISH AND MAINTAIN THE FRED E. TAYLOR CHAIRED PROFESSORSHIP IN REAL ESTATE AT THE ARIZONA STATE UNIVERSITY W.P. CAREY SCHOOL OF BUSINESS. ESCROW OR CUSTODIAL ACCOUNT LIABILITY SCHEDULE D, PART IV, LINE 2B ASUF HOLDS ASSETS AS THE TRUSTEE OF A GRANTOR TRUST FOR ASU AND HOLDS ASSETS UNDER AN INVESTMENT AGREEMENT WITH THE ASU ALUMNI ASSOCIATION. INTENDED USE OF ENDOWMENT SCHEDULE D, PART V, LINE 4 ALL ENDOWMENT EXPENDITURES SUPPORT THE EDUCATION, RESEARCH, PUBLIC SERVICE, AND OTHER ACTIVITIES OF ARIZONA STATE UNIVERSITY. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 THE ORGANIZATION ACCOUNTS FOR INCOME TAXES USING THE ASSET AND LIABILITY APPROACH, WHICH CAN RESULT IN RECORDING TAX PROVISIONS OR BENEFITS IN PERIODS DIFFERENT THAN THE PERIODS IN WHICH SUCH TAXES ARE PAID OR BENEFITS REALIZED. DEFERRED INCOME TAXES ARE RECORDED FOR THE DIFFERENCE BETWEEN THE BOOK AND TAX BASIS OF VARIOUS ASSETS AND LIABILITIES, WHICH CAN PROVIDE FOR CURRENT RECOGNITION OF EXPECTED TAX BENEFITS FROM TEMPORARY DIFFERENCES THAT WILL RESULT IN DEDUCTIBLE AMOUNTS IN FUTURE YEARS. IT HAS BEEN DETERMINED BY THE IRS THAT THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) AS DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE (IRC), AND ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS A PUBLIC CHARITY. ASUF DUPONT, LLC IS TREATED AS A DISREGARDED ENTITY UNDER THE FOUNDATION FOR INCOME TAX PURPOSES, AND ACCORDINGLY, ALL INCOME AND EXPENSES ARE REPORTED THROUGH THE FOUNDATION FOR THE YEAR ENDED JUNE 30, 2017. FOR TAX PURPOSES, INCOME DETERMINED TO BE UNRELATED BUSINESS INCOME BY ANY MEMBER OF THE GROUP REGARDED AS A TAX-EXEMPT ORGANIZATION WOULD BE TAXABLE. TAX POSITIONS TAKEN RELATED TO THE ORGANIZATION'S TAX-EXEMPT STATUS AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED. MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE ORGANIZATION WOULD BE UPHELD UNDER EXAMINATION. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2017, AND DOES NOT ANTICIPATE A SIGNIFICANT CHANGE FOR THE FOLLOWING TWELVE MONTHS. THE ORGANIZATION IS SUBJECT TO TAX EXAMINATION BY THE FEDERAL AND ARIZONA STATE JURISDICTIONS, WHICH GENERALLY REMAIN OPEN FOR THREE AND FOUR YEARS, RESPECTIVELY. Reconciliation of revenue per audited financial statements with return SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $336,138 CHANGE IN ASSETS DUE OTHER ENTITIES $(16,063,127) ------------ TOTAL $(15,726,989) SCHEDULE D, PART XI, LINE 4B SERVICE AGREEMENT - COST REIMBURSEMENT $(13,399,552) ASU ENTERPRISE PARTNERS 661,349 TAYLOR TRUST FBO ASUF (94,067) ------------- TOTAL $(12,832,268) Reconciliation of expenses per audited financial statements with return SCHEDULE D, PART XII, LINE 2D SERVICE AGREEMENT - COST REIMBURSEMENT $13,399,552 ------------- TOTAL $13,399,552 Central America and the Caribbean Investments 65568061 Europe (Including Iceland and Greenland) Investments 2335919 67903980 67903980 true false true true true false X X X X X true The Eudy Company LTD 4200 Massachusetts Ave NW 312 Washington DC 20016 Fundraiser false 3213477 210000 0 Scott Prenn Consulting 1st Floor Alameda House 90-100 Sy London UK SW3 6NJ Consulting false 195000 Snavely Associates Ltd 112 W Foster Ave Ste 401 State College PA 16804 Consulting false 0 140188 0 Eliasson Group 2829 29th Street NW Washington DC 20008 Consulting false 0 75000 0 Marts Lundy 1200 Wall street West Lyndhurst NJ 07071 Consulting false 0 23140 0 3213477 643328 0 AK AZ CA CO HI ME MA MI MN NH NJ NY ND OH OK OR SC UT WA true Arizona State University PO Box 870502 Tempe AZ 85287 860196696 115 89376279 Program Support ASU Alumni Law Group 2 N Central Ave 1600 Phoenix AZ 85004 464635819 501(c)(3) 120000 Program Support ASU Preparatory Academy PO Box 877304 Tempe AZ 85287 260664313 501(c)(3) 1900000 Program Support College Success Arizona 4040 E Camelback Rd Suite 220 Phoenix AZ 85018 202366755 501(c)(3) 40955 Program Support Phoenix Committee on Foreign Relations 7949 E Acoma Drive Suite 207 Scottsdale AZ 85260 860929211 501(c)(3) 9300 Community Outreach University of North Texas 1112 Dallas Dr Suite 4000 Denton TX 76205 756002149 115 20000 Program Support ASU Alumni Association PO Box 873702 Tempe AZ 85287 866053009 501(c)(3) 18300 Community Outreach Goldwater Institute 500 E Coronado Rd Phoenix AZ 85004 860597661 501(c)(3) 10000 Community Outreach Marine Corps Scholarship Foundation 7047 E Greenway Parkway Ste 250 Scottsdale AZ 85254 221905062 501(c)(3) 22100 Community Outreach The American Ireland Fund 5910 Gloster Road Bethesda MD 20816 251306992 501(c)(3) 10000 Community Outreach AREI Inc PO Box 7784 Aspen CO 81612 275216186 501(c)(3) 25000 Community Outreach Arizona Hispanic Chamber of Commerce 255 E Osborn Rd Ste 201 Phoenix AZ 85012 860445372 501(c)(6) 27500 Community Outreach Arizona School Boards Association 2100 N Central Ave 200 Phoenix AZ 85004 860288067 501(c)(3) 12500 Community Outreach Earth School Educational Foundation Inc 555 North Central Ave Ste 402P Phoenix AZ 85004 261204422 501(c)(3) 95000 Program Support FNDN of the National Student Nurses Association 45 Main St Ste 606 Brooklyn NY 11201 133123125 501(c)(3) 5500 Community Outreach Freedom House Inc 1850 M St NW 11th FL Washington DC 20036 131656647 501(c)(3) 8500 Program Support Humanity In Action Inc 601 W 26th St New York NY 10001 133977257 501(c)(3) 10000 Community Outreach ICSDEC 510 E University Dr 3426 Tempe AZ 85281 475679263 501(c)(3) 8000 Community Outreach IHC Health Services Inc 36 S State St Ste 2200 Salt Lake City UT 84111 942854057 501(c)(3) 7500 Program Support Jewish National Fund 42 E 69th St New York NY 10021 131659627 501(c)(3) 9000 Community Outreach NAACP-Arizona State Conference PO Box 20605 Phoenix AZ 85036 900114229 501(c)(3) 7990 Community Outreach New York University 105 E 17th St 4th FL New York NY 10003 135562308 501(c)(3) 10000 Program Support Sandra Day O'Connor Institute PO Box 4425 Phoenix AZ 85030 263521510 501(c)(3) 7250 Community Outreach Sun Devil Mock Trial 3026 E Norwood St Mesa AZ 85213 721618795 501(c)(3) 7000 Program Support The American Society Of Mechanical Engineers 150 Clove Rd 6th FL Little Falls NJ 07424 131623899 501(c)(3) 15000 Community Outreach The Williams Institute 6615 N Scottsdale Rd Scottsdale AZ 85250 860743467 501(c)(3) 8000 Program Support Valley Of The Sun United Way 1515 E Osborn Rd Phoenix AZ 85014 860104419 501(c)(3) 9000 Program Support ASU Enterprise Partners PO Box 2260 Tempe AZ 85280 475599177 501(c)(3) 1706402 Program Support 27 1 Procedures for monitoring the use of grant funds Schedule I, Part I, Line 2 Grants paid consist of funds provided to Arizona State University, its affiliates and other non-profits for ASU related Initiatives, which are accounted for and monitored through the use of accounts and account purpose at the time of each disbursement. X X X X true true X X X false false false false false false false true false R F Shangraw Jr Director, CEO 213369 222967 83000 23525 13025 23833 17923 260727 336915 0 0 Virginia DeSanto Director, Treasurer 109913 111307 5000 7000 0 0 8029 8464 9366 13498 132308 140269 0 0 Marcel Valenta Secretary 114945 117126 5000 5000 0 0 8425 8727 13455 13347 141825 144200 0 0 Augustine Cheng Managing Director - AzTE 213272 221434 129938 23092 18614 16506 2044 8943 8876 391751 250968 0 0 Joshua Friedman Chief Development Officer 281794 0 17000 0 0 0 18550 0 2495 0 319839 0 0 0 Gretchen Buhlig COO and Managing Director 279808 0 19000 0 0 0 18550 0 3283 0 320641 0 0 0 Sybil Francis Director for Strategic Adv. 190544 0 2500 0 2376 0 13652 0 2763 0 211835 0 0 0 Kimberly Hopely VP Unit Development 193320 0 0 0 566 0 14129 0 29865 0 237880 0 0 0 Patrick McDermott Chief Engmt Ofcr, Thunderbird 177533 0 5000 0 0 0 12075 0 16071 0 210679 0 0 0 Housing Allowance Schedule J, Part I, Line 1a: The managing director of Arizona Science and Technology Enterprises (AZTE) receives a housing allowance, which is treated as taxable compensation on form w-2 and reported on schedule j, part ii, column (b)(III). Travel for Companions Schedule J, Part I, Line 1a: The Managing Director of AzTE receives travel reimbursements for himself and his spouse, which is treated as taxable compensation on Form W-2 and reported on Schedule J, Part II, Column (b)(iii). Tax Indemnification and Gross-Up Payments Schedule J, Part I, Line 1a: The Managing Director of AzTe receives tax gross-up payments in relation to amounts paid to him for his housing allowance, taxable spousal travel, and reimbursement for internet expenses. The gross-ups are treated as taxable compensation on Form W-2 and reported on Schedule J, Part II, Column (b)(iii). Social Club Dues or Initiation Fees Schedule J, Part I, Line 1a: EP provides the President and CEO with a membership to a social club to use for business purposes. The membership is non-taxable to the President and CEO and reported as non-taxable benefits on Schedule J, Part II, Column (d). Non-Fixed Payments Schedule J, Part I, Line 7: For ASUF, non-fixed payments are based on compensation agreements and success benchmarks stated in employment contracts. Questions Regarding Compensation Schedule J, Part II: ASUF's five highest paid employees include one member of the management team of a related entity, AzTE, which provides technology transfer services for Arizona State University. ASUF's parent, EP, has delegated responsibility for management of AzTE to the seven-member Board of Directors for AzTE, including operational activities and compensation. Sybil Francis Family Member of Director 211896 Compensation for Employment false X 84 8720737 FMV X 1 18250 FMV X Other 1 631946 Appraisal 1 false true true Schedule M, Part I, Line 9, Column (B) The organization is reporting the number of contributions in column (B). SCHEDULE M, PART I, LINE 32B THE FOUNDATION USES A VARIETY OF BROKERAGE AND SERVICE COMPANIES TO CONVERT NON-CASH GIFTS TO CASH BASED ON THE TYPE OF NON-CASH GIFT RECEIVED. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D THE Arizona State University FOUNDATION for a new American University (ASUF or Foundation) PROVIDED OVER $32 MILLION TO SUPPORT THE EDUCATION, PUBLIC SERVICE AND OTHER ACTIVITIES OF ARIZONA STATE UNIVERSITY (ASU). IN ADDITION TO THE NEAR $5 MILLION OF PROGRAM REVENUE, the FOUNDATION PROVIDED OVER $71 MILLION OF CONTRIBUTIONS IN SUPPORT OF THESE ACTIVITIES. FUNDRAISING EVENTS FORM 990, PART V, LINES 7A AND 7B The Foundation RECEIVES GIFTS FOR ASU THAT AT TIMES PROVIDES THE DONOR WITH A BENEFIT. THOSE DONORS RECEIVE CHARITABLE GIFT RECEIPTS INDICATING THE TOTAL VALUE OF PAYMENT, THE FAIR MARKET VALUE OF BENEFITS RECEIVED BY THE DONOR, AND THE NET AMOUNT THAT MAY BE CONSIDERED A CHARITABLE CONTRIBUTION. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, SECTION A, LINE 4 IN SEPTEMBER 2015, THE FOUNDATION'S BOARD OF DIRECTORS APPROVED A CORPORATE ENTITY RESTRUCTURE, WHERE A NEW ENTITY ASU ENTERPRISE PARTNERS (EP), WAS CREATED TO BE THE PARENT AND HOLDING COMPANY OF THE FOUNDATION AND FOUR OTHER AFFILIATED ORGANIZATIONS DESCRIBED FURTHER BELOW. EP BEGAN OPERATIONS ON JULY 1, 2016, AND IS THE SOLE MEMBER OF EACH OF THESE FIVE ENTITIES. EP IS AN ARIZONA NONPROFIT CORPORATION AND A 501(C)(3) TAX-EXEMPT ORGANIZATION. EFFECTIVE JULY 1, 2016 THE FOUNDATION ASSIGNED ITS INTEREST IN VARIOUS ASSETS AND LIABILITIES TO EP OR TO A SUBSIDIARY OF EP. MEMBERS, POWER TO ELECT MEMBERS, AND GOVERNANCE DECISIONS Form 990, Part VI, Section A, Lines 6, 7a and 7b EP is the sole member of ASUF and has the power to elect or appoint one or more members of the governing body as well as holds the right for governance decisions. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B ASUF'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE DRAFT IS SUBMITTED TO ASUF'S MANAGEMENT FOR REVIEW AND ACCURACY OF REPORTING. THE BOARD OF DIRECTORS HAS DELEGATED REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE of EP. MANAGEMENT AND A REPRESENTATIVE OF THE OUTSIDE ACCOUNTING FIRM REVIEW THE FORM 990 WITH THE AUDIT COMMITTEE. ONCE APPROVED AND ACCEPTED BY THE AUDIT COMMITTEE, THE FORM 990 IS SIGNED BY THE CFO AND SUBMITTED ELECTRONICALLY TO THE IRS AND THE BOARD OF DIRECTORS. PROCESS FOR MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C UPON HIRE AND ON AN ANNUAL BASIS, OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS RELATING TO THEIR INVOLVEMENT WITH ASUF. IN ADDITION, ANY TIME THE INDIVIDUALS REFERRED TO ABOVE BECOME AWARE OF A NEW CONFLICT, THEY ARE REQUIRED TO SUBMIT AN UPDATED CONFLICT OF INTEREST/COMMITMENT FORM TO THE CFO. ANY IDENTIFIED CONFLICTS WOULD BE REVIEWED BY THE BOARD CHAIR AND THE CEO TO DETERMINE ANY MITIGATION ACTIONS NEEDED. PROCESS FOR ESTABLISHING COMPENSATION OF PRESIDENT/CEO AND KEY EMPLOYEES FORM 990, PART VI, Section B, LINES 15A AND 15B FOR ASUF, THE BOARD OF DIRECTORS APPROVES THE COMPENSATION PACKAGE FOR THE PRESIDENT AND CEO BASED ON CURRENT MARKET COMPARISONS PROVIDED BY THE FOUNDATION'S HUMAN RESOURCES DEPARTMENT (WHICH OBTAINS THIS INFORMATION FROM AN INDEPENDENT COMPENSATION CONSULTANT), RESPONSIBILITIES OF THE POSITION, GOALS OF THE FOUNDATION, AND NEGOTIATIONS WITH THE PRESIDENT AND CEO. ALL OTHER COMPENSATION DECISIONS FOR KEY EMPLOYEES HAVE BEEN DELEGATED FROM THE BOARD OF DIRECTORS TO THE PRESIDENT AND CEO, WHO FOLLOWS A SIMILAR PROCESS AFOREMENTIONED. DOCUMENTS MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, Section C, LINE 19 THE FINANCIAL STATEMENTS FOR ASUF ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENT ARE NOT MADE AVAILABLE TO THE PUBLIC. ADDITIONAL INFORMATION REGARDING FUNDRAISING FORM 990, PART VIII AND FORM 990, PART IX IN ITS EFFORT TO SUPPORT ASU, ASUF PERFORMS A BROAD SCOPE OF SERVICES THAT INCLUDE FUNDRAISING AND INVESTMENT MANAGEMENT Services. ASUF'S FUNDRAISING EXPENSES SUPPORT ACTIVITIES THAT GENERATE CONTRIBUTIONS THAT GO DIRECTLY TO ENTITIES OTHER THAN ITSELF, SUCH AS ASU AND OTHER ASU AFFILIATES; THUS, NOT ALL FUNDRAISING RESULTS GENERATED THROUGH ASUF'S EFFORTS ARE REFLECTED IN THE CONTRIBUTION TOTALS ON ASUF'S FORM 990. Tax-Exempt Bond Liabilities Form 990, Part X, Line 20 The estimated fair value of the Organizations bonds were approximately $0 at 2017 and $108.2 million at 2016. Effective July 1, 2016 the Foundation assigned its interest in the tax-exempt bonds to EP and subsidiaries as part of the restructure. OTHER CHANGES TO NET ASSETS FORM 990, PART XI, LINE 9 RESTRUCTURE TRANSFER to EP and Subs: $(42,381,874) CHANGE IN ASSETS DUE TO OTHER ENTITIES: $(16,063,127) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: $ 336,138 TAYLOR TRUST FBO ASUF ASSETS: $ (1,312,763) ASU ENTERPRISE PARTNERS: 661,349 ------------- TOTAL $(58,760,277) ASUF Dupont LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 337 257 ASUF Taylor Trust FBO ASU Foundation PO Box 2260 Tempe AZ 85280 866252445 Support AZ 501(c)(3) 12-I ASUF true ASU Research Enterprise PO Box 2260 Tempe AZ 85280 900868685 Support AZ 501(c)(3) 10 EP false Research Collaboratory at ASU PO Box 2260 Tempe AZ 85280 463815674 Support AZ 501(c)(3) 07 EP false ASU ENTERPRISE PARTNERS PO BOX 2260 TEMPE AZ 85280 475599177 Holding AZ 501(C)(3) 05 NA false AZTE Ventures Co 1475 N Scottsdale Rd Ste 200 Scottsdale AZ 85257 270151042 Solar Energy AZ NA C Corp false Charitable Remainder Trust (20) Charit Rem Tr AZ NA false RCASU Hong Kong LLC Rm 502-3 Comm House 35 Queens Rd Hong Kong HK Holding Co. HK NA C Corp false Teotihuacan Holdings LLC PO Box 2260 Tempe AZ 85280 811792379 Holding Co. AZ NA C Corp false Global University Associate I LLC PO Box 2260 Tempe AZ 85280 364831153 Education AZ NA C Corp false Global University Associate II LLC PO Box 2260 Tempe AZ 85280 364831242 Education AZ NA C Corp false Arizona State University Fndn Mexico AC PO Box 2260 Tempe AZ 85280 Education MX NA C Corp false false true false false false false false false true false false true true true true true false false true Schedule R, Part IV, Column C There are 18 charitable trusts with legal domicile in Arizona and 2 charitable trusts with legal domicile in Nevada. AzTE Ventures CO 1475 N Scottsdale Rd Ste 200 Scottsdale AZ 85257 270151042 0 0 0 0 0 0 0 0 0 0 ASU Foundation for a New Ame PO Box 2260 Tempe AZ 852802260 866051042 0 0 0 112193576 112193576 1000000 250000 0 0 0 ASU Research Enterprise PO Box 2260 Tempe AZ 852802260 900868685 0 0 0 0 0 0 0 0 0 0 Taylor Trust FBO ASU Foundat PO Box 2260 Tempe AZ 852802260 866252445 0 0 0 0 0 0 0 0 0 0 Research Collaboratory at AS PO Box 2260 Tempe AZ 852802260 453815674 0 0 0 0 0 0 0 0 0 0 ASU ENTERPRISE PARTNERS PO BOX 2260 TEMPE AZ 852802260 475599177 75000 417780 492780 20627356 21120136 1000000 250000 0 0 0