2017-11-13T08:27:10-06:00 2017-06-30 861065772 Deloitte Tax LLP 50 South Sixth Street Suite 2800 Minneapolis MN 55402 990 2016-07-01 376006007 University of Illinois Foundation UNIV 2173330810 1305 W Green Street Urbana IL 61801 Christine C Devocelle Assistant Secretary and CFO 2173330810 2017-11-10 1 Kristina Rasmussen P00143920 3124861000 2017-11-09 192.17.38.193 2017-11-13 08:20:06 CS P CFE0F47679ABE8C9D8DE95B49C12954F7D4314AE CFE0F47679ABE8C9D8DE95B49C12954F7D4314AE 2016 2017-02-10 21:41:12Z James H Moore Jr 1305 W Green Street Urbana IL 61801 515657181 0 X www.uif.uillinois.edu X 1935 IL The University of Illinois Foundation is a nonprofit corporation organized and operated exclusively for the purpose of encouraging and administering gifts and making distributions of such funds to the University of Illinois (a state university). 24 24 138 955 0 -512004 150005316 180553198 9887277 9312184 101047245 71228123 7468469 9132312 268408307 270225817 162083156 195844169 0 0 21939777 22543053 0 204503 18206544 14355834 18187613 198378767 236779338 70029540 33446479 1916738499 2125767493 76584492 56552945 1840154007 2069214548 X The University of Illinois Foundation is a nonprofit corporation responsible for encouraging and administering private gifts made to further the University of Illinois's mission. Although the Foundation is a separate entity from the University of Illinois ("University"), the Foundation's sole reason for existence is to serve the University. 0 0 195844169 195844169 17482314 The University of Illinois Foundation makes distributions to the University of Illinois which uses these distributions in accordance with donor intent for many purposes, including student support, faculty support, and research. 195844169 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 438 0 1 138 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 24 24 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA DC IL KY MD MA MI MN NH NJ NY OR SC UT WV WI HI X X Christine C Devocelle 2173330810 1305 W Green Street Urbana IL 61801 Gregory B Lykins Chair of the Board 2.00 0.00 X X 0 0 0 Alan D Feldman Chair Elect 2.00 0.00 X X 0 0 0 Roger L Plummer Immediate Past Chair of the Board 2.00 0.00 X X 0 0 0 Anthony G DiTommaso Director 2.00 0.00 X 0 0 0 Jane Phillips Donaldson Director 2.00 0.00 X 0 0 0 Laura L Fraley Director 2.00 0.00 X 0 0 0 Juanita F Francis Director 2.00 0.00 X 0 0 0 John A Giuliani Begin 1016 Director 2.00 0.00 X 0 0 0 Karen M Golz Director 2.00 0.00 X 0 0 0 Mary Kay Haben Director 2.00 0.00 X 0 0 0 G Stephen Irwin Director 2.00 0.00 X 0 0 0 Mannie L Jackson Director 2.00 0.00 X 0 0 0 Gail Veasman Kellogg Director 2.00 0.00 X 0 0 0 Stuart L Levenick Begin 1016 Director 2.00 0.00 X 0 0 0 Leon J Loichle Director 2.00 0.00 X 0 0 0 Jean Manning Begin 1016 Director 2.00 0.00 X 0 0 0 Steven L Miller Director 2.00 0.00 X 0 0 0 Saul J Morse Director 2.00 0.00 X 0 0 0 Richard C Osborne Begin 1016 Director 2.00 0.00 X 0 0 0 Mark A Pytosh Director 2.00 0.00 X 0 0 0 Jose L Santillan Director 2.00 0.00 X 0 0 0 Kay M Schwichtenberg Director 2.00 0.00 X 0 0 0 Khawar Siddique Director 2.00 0.00 X 0 0 0 Paul T Tucker Begin 1016 Director 2.00 0.00 X 0 0 0 Carl L Vacketta end 1016 Director 1.00 0.00 X 0 0 0 James H Moore Jr President & Vice Chairman 40.00 0.00 X 570309 0 61973 Walter K Knorr Treasurer 2.00 0.00 X 0 0 0 Jacquline N Schweighart Secretary 40.00 0.00 X 144691 0 40553 Wesley W Curtis begin 1016 Legal Counsel 40.00 0.00 X 62147 0 12962 Thomas R Bearrows end 1016 Legal Counsel 1.00 0.00 X 0 0 0 Christine C Devocelle Assistant Secretary & CFO 40.00 0.00 X 246887 0 38384 Michelle S White Assistant Treasurer 40.00 0.00 X 158737 0 41110 Kevin L Noland begin 1016 Assistant Treasurer 40.00 0.00 X 152541 0 33798 Mary R Millage end 1016 Assistant Treasurer 40.00 0.00 X 141510 0 35360 Michael B Bass Assistant Treasurer 2.00 0.00 X 0 0 0 Ellen J Ellison Chief Investment Officer 40.00 0.00 X 652714 0 161928 Edward Creedon Director of Private Investments 40.00 0.00 X 339311 0 77054 Edward F Ewald Executive Vice President 40.00 0.00 X 332631 0 56087 Shari M Fox Senior Vice President 40.00 0.00 X 302237 0 37581 Sidney S Micek end 1216 Senior Advisor 40.00 0.00 X 250303 0 38270 Michael D McClintick Chief Information Officer 40.00 0.00 X 223564 0 26146 3577582 0 661206 29 0 1 0 The WindAcre Partnership 2200 Post Oak Blvd Suite 1580 Houston TX 77056 Investment Management 1636373 Theleme Fund LP Custom House Plaza - Block 6 IFS C Dublin EI Investment Management 1503383 Mudrick Capital Management LP 527 Madison Ave 6th Floor New York NY 10022 Investment Management 1307932 Cevian Capital Englebrektsgatan 5 Stockholm SW Investment Management 1290170 Brenham Capital Management 3963 Maple Ave Suite 290 Dallas TX 75219 Investment Management 1029164 44 180553198 8082552 180553198 University Contract & Budget 900099 9038521 9038521 Annual Funds 900099 273663 273663 9312184 14037652 14037652 1350421 388239 962182 962182 962182 301015459 1218137 243842321 1200804 57173138 17333 57190471 57190471 Non-Gift Revenue (Sales, Auctions 900099 4410991 4410991 Athletic Receipts 900099 3017598 3017598 Credit Card Recovery Fee 900099 451752 451752 289789 289789 8170130 270225817 17482314 0 72190305 195844169 195844169 2428183 2428183 15849003 5585102 10263901 989373 489873 499500 2551007 1208418 1342589 725487 427675 297812 122192 104504 17688 64983 64983 204503 204503 8642948 8642948 1427410 306685 1120725 54988 375 54613 1308341 869210 439131 1040665 687316 353349 786222 786222 1159414 185532 973882 1243818 50082 1193736 98886 7237 91649 1513045 645170 867875 14900 14900 Communications & Market 374898 92456 282442 Subscriptions and Refer 194865 95808 99057 Memberships & Dues 140038 35946 104092 236779338 195844169 22728625 18206544 2109328 2926371 175000000 143000000 20351705 1080928 68426 30501 690277 933249 93092438 10023784 80178712 83068654 310927857 577300659 1253221832 1239321490 74190362 78105641 1916738499 2125767493 18422107 2741039 4757000 3963014 53405385 49848892 76584492 56552945 X -8217961 24469088 858112456 997325815 990259512 1047419645 1840154007 2069214548 1916738499 2125767493 X 33446479 198029630 -2415568 X 0 1 X 1 0 X 298073854 153650151 208693589 150005316 180553198 990976108 298073854 153650151 208693589 150005316 180553198 990976108 176254708 814721400 26336370 22687209 20305136 18125595 15388073 102842383 1093818491 85090142 0.74480 0.82590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 15879 1000000 807037 1 1 1527922729 68010233 197047390 1241486 29948944 1761789922 1632778536 38669900 -112135581 1557178 29832948 1527922729 1600106862 55678552 -4574511 461791 26777676 1623971436 1423882139 45980475 149877818 1213516 18420054 1600106862 1199126507 136572040 107067241 1021223 17862426 1423882139 0.19030 0.78840 0.02130 1 0 62112003 62112003 9093610 3469355 385702 12177263 6957069 5871743 1085326 11460401 3766339 7694062 83068654 171666986 F Hedged/alternative investments 953300167 F Real estate trusts & partnerships 57729092 F Other investments 3438235 F Private equity at cost 6640321 C International government bonds 3652050 F Small cap equity mutal fund 42894639 F 1239321490 Annuities Payable 46516644 Remainder Interest Due to Others 3332248 49848892 X 461028185 198029630 1415686 199445316 261582869 8642948 8642948 270225817 231967644 1415686 2415568 3831254 228136390 8642948 8642948 236779338 Part V, Line 4: The University of Illinois Foundation's endowment funds are intended for use by the University of Illinois. When each endowment fund is established it is set up with a purpose code based on donor intent. Examples of these codes include scholarships, professorships, research, facilities, etc. Part X, Line 2: Management has evaluated their material tax positions, which include such matters as the tax exempt status of each entity and various positions relative to potential sources of UBIT . As of June 30, 2017, there were no uncertain tax benefits identified and recorded as a liability. Part XII, Line 2d - Other Adjustments: Actuarial Adjustment East Asia and the Pacific 0 0 Fundraising 26032 Europe (Including Iceland & Greenland) 0 1 Fundraising 77051 Europe (Including Iceland & Greenland) 0 1 Investment management oversight travel expenses 9826 South America 0 0 Investment management oversight travel expenses 15875 North America 0 0 Fundraising 6843 Sub-Saharan Africa 0 0 Investment managment oversight travel expenses 6606 North America 0 0 Investment management oversight travel expenses 1646 Central America and the Caribbean 0 0 Investments 186169757 East Asia and the Pacific 0 0 Investments 12475731 Europe (Including Iceland & Greenland) 0 1 Investments 28349219 North America 0 0 Investments 10543159 South America 0 0 Investments 2327222 Sub-Saharan Africa 0 0 Investments 1492304 0 2 0 1 0 3 186313636 55187635 241501271 1 0 0 1 1 0 Part 1, line 3, column C The University of Illinois Foundation engaged a legal firm to act as our agent and assist with the process of establishing a dual-qualified charity within the United Kingdom. X X X X X 1 Marts&Lundy 1200 Wall Street West 5th Floor Lyndhurst NJ 07071 Campaign counsel 0 0 204503 0 204503 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC Schedule G, Part I, Line 2b, Column (v) The firm was engaged to provide campaign counsel including sizing, feasibility, donor capacity, goal setting, etc. 0 University of Illinois 506 S Wright St 108 Henry Administr tion Bldg Urbana IL 61801 376000511 501(c)3 190218596 5625573 FMV/Appraisal Artwork, Books, Equipment, Software, and Other Similar Items Support for the University of Illinois 1 Form 990 Schedule I Part I The University of Illinois Foundation does not administer the other assistance. The funds are transferred to the University of Illinois which administers the funds. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 James H Moore Jr President & Vice Chairman 508326 0 60000 0 1983 0 39140 0 22833 0 632282 0 0 0 Jacquline N Schweighart Secretary 144691 0 0 0 0 0 19672 0 20881 0 185244 0 0 0 Christine C Devocelle Assistant Secretary & CFO 245224 0 0 0 1663 0 17503 0 20881 0 285271 0 0 0 Michelle S White Assistant Treasurer 152804 0 0 0 5933 0 19935 0 21175 0 199847 0 0 0 Kevin L Noland begin 1016 Assistant Treasurer 152541 0 0 0 0 0 19810 0 13988 0 186339 0 0 0 Mary R Millage end 1016 Assistant Treasurer 141510 0 0 0 0 0 18070 0 17290 0 176870 0 0 0 Ellen J Ellison Chief Investment Officer 469871 0 182843 0 0 0 137532 0 24396 0 814642 0 111239 0 Edward Creedon Director of Private Investments 244405 0 94906 0 0 0 68122 0 8932 0 416365 0 50750 0 Edward F Ewald Executive Vice President 330305 0 0 0 2326 0 30832 0 25255 0 388718 0 0 0 Shari M Fox Senior Vice President 296449 0 0 0 5788 0 22868 0 14713 0 339818 0 0 0 Sidney S Micek end 1216 Senior Advisor 227429 0 15000 0 7874 0 18764 0 19506 0 288573 0 0 0 Michael D McClintick Chief Information Officer 223564 0 0 0 0 0 17214 0 8932 0 249710 0 0 0 Part I, Line 1a Travel for companions: James H. Moore, Jr. - to assist with business purpose of trip - not treated as taxable income Sidney S. Micek - to assist with business purpose of trip - not treated as taxable income Housing allowance: James H. Moore, Jr. - received a monthly housing allowance for a set period of time - treated as taxable income Social club dues: James H. Moore, Jr. - % of personal use treated as taxable compensation Sidney S. Micek - % of personal use treated as taxable compensation Shari M. Fox - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Christine C. Devocelle - % of personal use treated as taxable compensation Part I, Line 3 The Compensation Sub-committee (committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the committee for compensation packages of any disqualified person except him/herself. The committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President/CEO, Senior Vice President(s), employed Secretary and Assistant Secretaries, Treasurer, Chief Investment Officer, Controller, employed Assistant Treasurer(s), and any person who manages a discreet segment or activity of the organization that represents a substantial portion of the activities, assets, income or expenses of the organization. This process in undertaken for each position on an annual basis. Part I, Line 7 Ellen Ellison and Edward Creedon recieve a portion of their compensation based on qualitative performance goals that require a level of discretion by management. X 69 174165 FMV methods vary by gift X 71814 FMV methods vary by gift X 305 26929772 FMV methods vary by gift X 2 510000 FMV methods vary by gift X 1 1640000 FMV methods vary by gift X 2 3273786 FMV methods vary by gift X Software 5 2586010 FMV methods vary by X Beneficial Interest Trust 1 2500000 FMV methods vary by X Equipment 93 1752399 FMV methods vary by X Other/Miscellaneous 581 1649644 FMV methods vary by 324 0 0 1 Part I, Column (b): Numbers represent the number of items received. Part I, Line 32b: The Foundation engages 3rd parties to sell non-cash contributions. We use the services of real estate agents to sell gifts of property and brokerage firms to sell securities gifts. Part I, Line 33: The values reported on schedule M vary from the non-cash contributions reported on Form 990 Part VIII line G due to changes in pledges receivable. The contribution revenue for a pledge is recorded in the year the pledge is made. In the year the pledge is fulfilled the contribution will show up in schedule M if it was fulfilled with a non-cash item (i.e. securities) but will be offset with a reduction in pledges receivable revenue, which is not displayed on schedule M. Form 990, Part I, Line 6 This number represents the number of Foundation Members. Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. Form 990, Part VI, Section A, line 1 The Board of Directors shall elect from its own body an Executive Committee of five or more which shall have and exercise all of the powers of the Board of Directors while the Board of Directors is not in meeting. The Chair of the Board of Directors shall serve as chair and shall be a voting member of the Committee. Unless otherwise provided by resolution of the Board of Directors, a majority of the voting members of the Executive Committee shall constitute a quorum, and the act of a majority of the members of the Executive Committee shall be the act of the Committee. Each member of the Executive Committee shall continue as such until the next annual meeting of the Foundation and until a successor is appointed, unless such member shall be sooner removed from such Executive Committee, or unless such member shall cease to qualify as a member thereof. Action taken by the Executive Committee shall be made a matter of record and the Secretary of the Foundation shall serve ex officio as Secretary of the Executive Committee. A written report of the action taken by the Executive Committee shall be made at the next meeting of the Board of Directors Form 990, Part VI, Section A, line 6 Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. The University of Illinois Foundation's Bylaws set the maximum number of regular Members at 1,000. The Membership and Governance Committee reviews current Membership and make recommendations to the Board for renewal of incumbents, Life Members, and nominees for new Foundation Members. Honorary ex officio Foundation Members include the President of the University of Illinois, members of the Board of Trustees of the University of Illinois, Governor of the State of Illinois, Chair of the University of Illinois Alumni Association and Chancellors of the campuses of the University of Illinois. Members have no rights to receive distributions of income or assets from the organization. Form 990, Part VI, Section A, line 7a The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. There are 3 classes of members: honorary, member, and life member. Honorary ex officio Foundation Members include the President of the University of Illinois, members of the Board of Trustees of the University of Illinois, Governor of the State of Illinois, Chair of the University of Illinois Alumni Association and Chancellors of the campuses of the University of Illinois. Members are elected by the Board of Directors and serve for a 3 year term. They may be considered for renewal for an additional 3 year term. Members are eligible to serve on Board committees and have voting membership on Board committees. Life members are members that after exemplary service may be nominated as a life member. Life members shall have no voting power nor shall they be considered in determining a quorum. Life members shall be eligible to serve on Board committees as voting membership. Form 990, Part VI, Section B, line 11b The form is sent to the Accounting firm, Deloitte Tax, who provides a review of the form and schedules and signs the form as the paid preparer. A copy of the form is reviewed by the Audit Committee of the Board of Directors after the form is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is sent out each year to every member of the Board of Directors, including officers. After the forms are completed, any reported items are summarized and sent to every member of the Audit Committee for review. The members of the Audit Committee determine if any conflicts exist. Any questions or further research required is done by the Secretary of the Board. Legal counsel reviews the summary sent to the Audit Committe and then confers with the Audit Committee chair. A summary of the review and its conclusions is then given at the next Audit Committee meeting. Directors or Officers who have declared a conflict of interest, or who have been found to have a conflict of interest, shall refrain from participating in consideration of proposed transactions unless the Board or Foundation President requests information or interpretation for special reasons. Should a conflict of interest matter require an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. Form 990, Part VI, Section B, line 15 The Compensation Sub-committee (committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation, to make recommendations to be approved by the committee for compensation packages of any disqualified person except him/herself. The committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President/CEO,Senior Vice President(s), employed Secretary and Assistant Secretaries, Treasurer, Chief Investment Officer, Controller, employed Assistant Treasurer(s), and any person who manages a discreet segment or activity of the orgainization that represents a substantial portion of the activities, assets, income, or expenses of the orgainization. This process in undertaken for each position on an annual basis. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are made available to the public by accessing our website or upon request. Form 990, Part XI, line 9: Actuarial Adjustments -2,415,568. Leiby S Hall Scholarship Trust PO Box 1488 Decatur IL 62525 376357798 To provide undergraduate scholarships IL 501(c)(3) Line 12d, III-O University of Illinois Foundation 1 Mary Ellen Defenbaugh Charitable Trust PO Box 529 Mattoon IL 61938 371410645 To provide scholarships for the University of Illinois Medical School IL 501(c)(3) Line 12d, III-O University of Illinois Foundation 1 Margaret Bloom Trust 1045000013 100 W University Ave Champaign IL 61824 376224584 To provide scholarhips for the University of Illinois IL 501(c)(3) Line 12d, III-O University of Illinois Foundation 1 Justine O Saelhof & Clarence C Saelhof Foundation PO Box 1802 Providence RI 02901 366813867 To provide support to the University of Illinois IL 501(c)(3) PF university of Illinois Foundation 1 ECRU Corporation 1305 West Green Street Urbana IL 61801 621019111 Investment & Leasing IL University of Illinois Foundation C 24321 657081 1.00000 1 Herman J Adelmann Univ of Illinois Medical School Trust R64207005 10 S Dearborn Chicago IL 60603 366404161 Hold investments for which the income benefits the University of Illinois IL N/A T 52415 2605630 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Margaret Bloom Trust 1045000013 S 447071 Investment Returns Leiby S Hall Scholarship Trust S 283072 Investment Returns Mary Ellen Defenbaugh Charitable Trust S 32924 Investment Returns Justine O Saelhof & Clarence C Saelhof Foundation S 174566 Investment Returns