2017-02-15T15:33:05-06:00 2016-06-30 GRANT THORNTON LLP 757 THIRD AVE 3RD FLOOR NEW YORK NY 100172013 990 2015-07-01 237039817 THE BARUCH COLLEGE FUND % IRINA LASKIN BARU 6466606668 One Bernard Baruch Way NEW YORK NY 10010 KATHARINE T COBB VP ADMIN/FINANCE 6466606668 2017-02-10 true daniel romano P00504182 2125990100 2017-02-15 2015 2021-01-29 14:40:06Z KATHARINE T COBB ONE BERNARD BARUCH WAY NEW YORK NY 10010 37540288 false X WWW.BARUCH.CUNY.EDU X 1970 NY the fund ENGAGEs IN GENERATING, ENCOURAGING & PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS of the bernard m. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. 47 47 514 1 -208754 -275136 8815139 12794617 0 0 11723161 -636456 -8586 -9869 20529714 12148292 10897755 5941940 0 0 1048686 6059171 308449 331424 2011285 1315168 2042928 13570058 14375463 6959656 -2227171 176594759 169308348 3103439 2972447 173491320 166335901 X THE BARUCH COLLEGE FUND IS AN ORGANIZATION ENGAGED IN GENERATING, ENCOURAGING AND PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS OF THE bernard m. baruch COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. false false 10345842 10345842 0 The Fund supports activities through scholarships and awards and grants to the Bernard M. Baruch College of the City University of New York ("the college") for various educational purposes such as the support of the Colleges theater, publications, faculty, art gallery, and student services. Student Services include activities such as the Starr Career Development Center, the Schwartz Communications Institute, and the Weissman Center for International Business, which service the entire student body. In addition to scholarships and grants the Fund pays expenses, including certain compensation supplements, on behalf of the College to enable it to attract and retain the best talent to carry out its educational mission. 526128 526128 0 Either directly or indirectly (through BCF funds transferred to the City University of New York to reduce student tuition obligations), the BCF provided over $3 million in scholarships to 1,324 students in FY 2016. All scholarship recipients are selected by the College and approved for award based on individual scholarship fund criteria. 10871970 true true false false false false false false false true false true false false true true true true false false true false false true true false false true true true false false false false false false false false true true false false false true false false false true X 138 0 true 514 true false false false false false true true false false false false false X 47 47 true false false false false false false true true false false true true true true true true true true false CA MD MA MI NJ NY OR SC X IRINA LASKIN 6466606668 ONE BERNARD BARUCH WAY NEW YORK NY 10010 LARA ABRASH TRUSTEE 1.0 0.0 X 0 0 0 ROBERT J AQUILINA TRUSTEE 1.0 0.0 X 0 0 0 WALTER H BARANDIARAN TRUSTEE 1.0 0.0 X 0 0 0 MAX W BERGER president 4.0 0.0 X X 0 0 0 MARC L BERMAN TRUSTEE 1.0 0.0 X 0 0 0 DEBRA BERNSTEIN TRUSTEE 1.0 0.0 X 0 0 0 KEVIN J BOYLE TRUSTEE 1.0 0.0 X 0 0 0 SEEMA CHETAL TRUSTEE 1.0 0.0 X 0 0 0 DANIEL CLIVNER VICE PRESIDENT 1.0 0.0 X X 0 0 0 JOEL J COHEN trustee 1.0 0.0 X 0 0 0 CHARLES R DREIFUS TRUSTEE 1.0 0.0 X 0 0 0 IRWIN R ETTINGER TRUSTEE 1.0 0.0 X 0 0 0 LAWRENCE N FIELD TRUSTEE 1.0 0.0 X 0 0 0 LEWIS FRIEDMAN TRUSTEE 1.0 0.0 X 0 0 0 DOV GERTZULIN TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM F HARNISCH TRUSTEE 1.0 0.0 X 0 0 0 DENNIS J HICKEY TRUSTEE 1.0 0.0 X 0 0 0 JOANNE M HVALA SECRETARY 1.0 0.0 X X 0 0 0 MICHAEL F JIMNEY TRUSTEE 1.0 0.0 X 0 0 0 PETER S JONAS TRUSTEE 1.0 0.0 X 0 0 0 MARTIN E KAPLAN TRUSTEE (deceased 8/2015) 1.0 0.0 X 0 0 0 BARBARA KENT TRUSTEE 1.0 0.0 X 0 0 0 ERIC KIRSCH TRUSTEE 1.0 0.0 X 0 0 0 PAUL M KOREN TRUSTEE 1.0 0.0 X 0 0 0 DAVID KRELL TRUSTEE 1.0 0.0 X 0 0 0 MARILYN E LAMARCHE-MANDELL TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH M LEONE TRUSTEE 1.0 0.0 X 0 0 0 CHRISTINE S LI-AUYEUNG TRUSTEE 1.0 0.0 X 0 0 0 LUZ LIEBESKIND TRUSTEE 1.0 0.0 X 0 0 0 MARK MARTINELLI TRUSTEE 1.0 0.0 X 0 0 0 AUSTIN W MARXE TRUSTEE 1.0 0.0 X 0 0 0 VINCENT J MASI TREASURER 2.0 0.0 X X 0 0 0 RICHARD S MERIANS TRUSTEE 1.0 0.0 X 0 0 0 HELEN J MILLS TRUSTEE 1.0 0.0 X 0 0 0 Joseph S Pignatelli trustee 1.0 0.0 X 0 0 0 SALIHE SALLY REDZOVIC TRUSTEE 1.0 0.0 X 0 0 0 M FREDDIE REISS TRUSTEE 1.0 0.0 X 0 0 0 GILLIAN VAN SCHAICK TRUSTEE 1.0 0.0 X 0 0 0 DOV C SCHLEIN TRUSTEE 1.0 0.0 X 0 0 0 ROBERT H SCHNELL TRUSTEE 1.0 0.0 X 0 0 0 ALEKSEY SCHUKIN TRUSTEE 1.0 0.0 X 0 0 0 HARVEY SCHULWEIS TRUSTEE 1.0 0.0 X 0 0 0 R EMANUEL SCOTT JR TRUSTEE 1.0 0.0 X 0 0 0 STUART A SHIKIAR TRUSTEE 1.0 0.0 X 0 0 0 LAWRENCE J SIMON TRUSTEE 1.0 0.0 X 0 0 0 HOWARD I SMITH TRUSTEE 1.0 0.0 X 0 0 0 SANDRA K WASSERMAN TRUSTEE 1.0 0.0 X 0 0 0 LAWRENCE ZICKLIN CHAIRMAN 2.0 0.0 X X 0 0 0 KATHARINE T COBB VP ADMIN/FINANCE 10.0 30.0 X 0 207769 43700 IRINA LASKIN CONTROLLER 35.0 0.0 X 121857 0 52155 MITCHEL B WALLERSTEIN president - BARUCH COLLEGE 10.0 30.0 X 100000 304832 47727 HARRY F HUSS Dean 0.0 35.0 X 118600 265666 21200 STEVEN LILIEN PROFESSOR 0.0 35.0 X 81493 116364 34606 TERRENCE MARTELL PROFESSOR 0.0 35.0 X 141348 135516 37592 Ramona Zachary Professor 0.0 35.0 X 81714 136364 20270 645012 1166511 257250 3 false true false NEW YORK IMMIGRATION COALITION 137-138 WEST 25TH ST NEW YORK NY 10001 PROGRAM SERVICES 425000 PAXTON ELLIS ADVISORY LLC 345 WEST 58TH STREET SUITE 7XY NEW YORK NY 10019 PROGRAM REVIEW 255499 TELECOMP INC 3375 BRIGHTON HENRIETTA TOWNLINE RO NEW YORK NY 10019 FUNDRAISING 161067 PRIME BUCHHOLZ ASSOCIATES INC PO BOX 16011 LEWISTON ME 042439588 ADVISORY SERVICES 122370 future funds llc 58 THORNYCROFT AVENUE STATEN ISLAND NY 10312 PLAN GIVING COUNSEL 120000 8 960482 11834135 1472526 12794617 0 757064 -208754 965818 0 0 0 0 0 23907757 25301277 -1393520 -1393520 -1393520 80850 960482 90719 -9869 -9869 0 0 0 12148292 -208754 -437571 5415812 5415812 526128 526128 0 0 244697 119337 125360 0 5470791 4802703 138000 530088 0 310098 139119 170979 33585 7990 25595 0 74244 70644 3600 69700 69700 0 331424 331424 177970 177970 172994 5266 167728 15220 8919 6301 410856 5130 405726 66666 66666 0 28137 26002 2135 42783 42783 0 73331 2322 71009 0 0 0 32482 31939 543 BAD DEBT EXPENSE 691837 691837 SPECIAL EVENTS 186708 186708 14375463 10871970 1492208 2011285 1249083 1090630 7689230 12237635 20353896 18141377 0 0 0 0 0 0 0 0 0 0 446165 514762 0 54353942 45143630 92378920 91814686 0 0 0 0 123523 365628 176594759 169308348 1155641 905660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1947798 2066787 3103439 2972447 X 10120300 8492302 58545725 48461083 104825295 109382516 173491320 166335901 176594759 169308348 X -2227171 -4668952 -259296 X false true X true false X 8699442 23265888 15830846 8815139 12794617 69405932 0 0 8699442 23265888 15830846 8815139 12794617 69405932 15657653 53748279 463785 630930 463841 472057 757064 2787677 0 106458 716371 92000 89250 80850 1084929 73278538 0.73348 0.95930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125704443 4557221 -4188856 4690378 1677355 119705075 130480530 868905 617085 4558997 1703080 125704443 115234291 6782985 14088001 4069111 1555636 130480530 94594196 13714198 11080378 3373772 780709 115234291 93139975 1054439 4181638 2976006 805850 94594196 0.91380 0.08620 false false LIMITED PARTNERSHIPS 82725996 F REMAINDER TRUST 4862350 F ANNUITY INTERESTS 4226340 F 91814686 0 ANNUITY OBLIGATIONS 2066787 2066787 X 7220044 -4668952 -259296 -4928248 12148292 12148292 14375463 14375463 14375463 USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 5 THE fund's ENDOWMENT CONSIST OF 192 INDIVIDUAL, donor-restricted FUNDS. these funds were ESTABLISHED FOR A VARIETY OF PURPOSES, including scholarships and awards and program enhancements at baruch college of the city university of new york. FIN 48 DISCLOSURE FORM 990, SCHEDULE D, PART X, LINE 2 The Fund recognizes the tax effects from an uncertain tax position in the financial statements only if the position is "more likely than not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Management has determined that there are no uncertain tax positions within its financial statements. The Fund is exempt from federal income taxation by virtue of being an organization described in Section 501(c)(3) of the Internal Revenue Code. Nevertheless, the Fund may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Internal Revenue Code. The tax years ending June 30, 2013, 2014, 2015 and 2016 are still open to audit for both federal and state purposes. RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS OF ($259,296). Central America and the Caribbean Investments 47154939 Europe (Including Iceland and Greenland) Investments 21478704 68633643 68633643 true false false false false false SCHEDULE F, PART IV, FOREIGN FORMS THE FUND DID MAKE TRANSFERS TO FOREIGN CORPORATIONS IN EXCESS OF REPORTING THRESHOLDS APPLICABLE FOR FORM 926. ACCORDINGLY, THE FUND HAS PREPARED THESE FORMS AND FILED WITH FORM 990-T. X X X X X X true TELECOMP INC 3375 brighton Henrietta Town Line Rochester NY 14623 TELE- FUNDRAISING false 158878 180174 -21296 FUTURE FUNDS LLC 58 Thornycroft avenue staten island NY 10312 PLAN GIVING COUNSEL false 120000 HARVEST FRC INC 62 Colonial Avenue Newton PA 18940 FUNDRAISING CONSULTING false 31250 158878 331424 -21296 CA CO CT DC FL GA IL MD MA MI NJ NY NC OH OR PA SC VA WA annual dinner 1041332 960482 80850 90719 0 1041332 960482 80850 90719 90719 -9869 Schedule G, Part I, Line 1 $16,770 of revenue pledged through telefund in FY 2016 was recieved in FY 2017. In addition, because a major focus of the telefund program is the costly acquisition of new donors, it is viewed as a long term investment and a program that may not demonstrate immediate profitability in any given year. true BARUCH COLLEGE-THE CITY UNIVERSITY OF NY ONE BERNARD BARUCH WAY NEW YORK NY 10010 133893536 2936596 N/A N/A PROGRAM SUPPORT BARUCH COLLEGE-THE CITY UNIVERSITY OF NY ONE BERNARD BARUCH WAY NEW YORK NY 10010 133893536 2479216 N/A N/A SCHOLARSHIPs 1 0 SCHOLARSHIPS 329 526128 N/A N/A GRANTS TO BARUCH COLLEGE FORM 990, SCHEDULE I, PART II GRANTS TO BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK: THE FUND PROVIDES GRANTS TO THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK TO BE USED TO SUPPORT VARIOUS PROGRAM RELATED ACTIVITIES OF THE COLLEGE INCLUDING SALARIES, SCHOLARSHIPS AND GRANTS TO STUDENTS, AS WELL AS OTHER IDENTIFIED PROGRAM NEEDS. GRANTS AND ASSISTANCE TO INDIVIDUALS FORM 990, SCHEDULE I, PART III DURING THE FISCAL-YEAR ENDED JUNE 30, 2016, IN ADDITION TO THE 995 SCHOLARSHIPS THE FUND AWARDED THROUGH THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK, AN ADDITIONAL 329 STUDENTS RECEIVED SCHOLARSHIPS DIRECTLY FROM THE FUND. THE TOTAL NUMBER OF STUDENTS RECEIVING AWARDS FOR THE YEAR ENDED JUNE 30, 2016 WAS 1,324 TOTALING $3,005,344. ALL SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON individual scholarship fund criteria. X X true true false false false false false false false false false KATHARINE T COBB VP ADMIN/FINANCE 0 207769 0 0 0 0 0 17729 0 25971 0 251469 0 0 HARRY F HUSS Dean 118600 265666 0 0 0 0 0 0 0 21200 118600 286866 0 0 IRINA LASKIN CONTROLLER 121857 0 0 0 0 0 0 0 52155 0 174012 0 0 0 STEVEN LILIEN PROFESSOR 81493 116364 0 0 0 0 0 17729 0 16877 81493 150970 0 0 TERRENCE MARTELL PROFESSOR 141348 135516 0 0 0 0 0 17729 0 19863 141348 173108 0 0 MITCHEL B WALLERSTEIN president - BARUCH COLLEGE 100000 304832 0 0 0 0 0 7236 19291 21200 119291 333268 0 0 Ramona Zachary Professor 81714 136364 0 0 0 0 0 0 0 20270 81714 156634 0 0 SCHEDULE J, PART I, LINE 1A: Housing The President of Bernard M. Baruch College, as a condition of his employment, resides in a CUNY owned apartment to respond to emergent situations at any time. As a result, the Fund pays the condominium common charges and cable/internet service for the apartment and is disclosed on this return. This is included in the budget allocation from the Fund, approved by the Funds Board of Trustees. discretionary fund The President of Bernard M. Baruch College receives a budget allocation from the Fund, approved by the Funds Board of Trustees. This allocation is mainly used to fund College-wide initiatives described in the Colleges Strategic Plan. COMPENSATION ARRANGEMENTS SCHEDULE J ONE EMPLOYEE OF BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK (THE "COLLEGE") SERVES AS A KEY EMPLOYEE OF THE BARUCH COLLEGE FUND AS THIS EMPLOYEE PROVIDES OVERSIGHT TO THE ACTIVITIES OF THE FUND. THE COLLEGE DOES NOT DETERMINE EMPLOYEE BENEFITS, RATHER THEY ARE PRESCRIBED by the CITY UNIVERSITY OF NEW YORK ("CUNY"). X 1 150000 fmv X 22 1472526 FMV 1 false true false Schedule M, Part I, Line 1 In fiscal year 2016, the fund received a tapestry gift valued at $150,000 on behalf of Bernard M. Baruch College of the City University of New York. The tapestry is currently in storage and not displayed at the college. GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION A, QUESTION 2 KATHERine T. COBB, OFFICER AND MITCHEL B. WALLERSTEIN, KEY EMPLOYEE HAVE A BUSINESS RELATIONSHIP. SECTION B, QUESTION 11 Management and the Audit Committee of the Baruch College Fund review the Form 990 prepared by the Funds accounting firm. Upon their approval, the Form 990 is provided to the governing Board for approval and upon such approval, electronically filed with the Internal Revenue Service. SECTION B, QUESTION 12C EMPLOYEES OF THE FUND MUST COMPLY WITH THE GOVERNANCE POLICIES OF BOTH THE COLLEGE AND THE FUND. SUCH WRITTEN POLICIES INCLUDE WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION, GIFT ACCEPTANCE AND ANNUAL CONFLICTS OF INTEREST DISCLOSURES. SECTION B, QUESTIONS 15A & 15B THE COLLEGE DOES NOT DETERMINE EMPLOYEE BENEFITS, RATHER THEY ARE PRESCRIBED TO EACH OF THE INSTITUTIONS AFFILIATED WITH THE CITY UNIVERSITY OF NEW YORK ("CUNY"). SECTION C, QUESTIONS 18 & 19 THE FUNDS ANNUAL COMPLIANCE FILING AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTERESTS POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. RECONCILIATION OF NET ASSETS PART XI, Line 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS OF ($259,296) THE BARUCH COLLEGE OF CUNY 1 BERNARD BARUCH WAY NEW YORK NY 10010 133893536 EDUCATION NY false false true false false false false false false false false true false false true false false false false false BARUCH COLLEGE-THE CITY UNIVERSITY OF NY n 26002 CASH BARUCH COLLEGE-THE CITY UNIVERSITY OF NY b 10345842 Cash