2017-04-05T13:31:28-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-07-01 133598671 THE HUNTER COLLEGE FOUNDATION INC HUNT 2126503067 695 PARK AVENUE NO HE1313 NEW YORK NY 10065 BARBARA GUNN EXECUTIVE DIRECTOR 2126503067 2017-04-05 1 GARRETT M HIGGINS P00543209 2122862600 2017-04-05 2015 2021-01-29 14:40:06Z BARBARA GUNN 695 PARK AVENUE NO HE1313 NEW YORK NY 10065 34229841 0 X WWW.HUNTER.CUNY.EDU/HUNTER-COLLEGE-FOUNDATION X 1991 NY TO ACCOMPLISH ITS MISSION, THE HUNTER COLLEGE FOUNDATION ENGAGES IN THE FOLLOWING ACTIVITIES:- ACTIVELY PROMOTES HUNTER COLLEGE, INCLUDING ALL OF ITS SCHOOLS, PROGRAMS, CENTERS, AND CAMPUSES- CULTIVATES RELATIONSHIPS THAT LEAD TO FUNDING- ENGAGES CURRENT AND POTENTIAL DONORS IN THE LIFE OF THE COLLEGE- MANAGES INVESTMENTS JUDICIOUSLY- ENSURES THAT RESTRICTED FUNDS ARE UTILIZED FOR DONOR-RESTRICTED PURPOSESAREAS OF SUPPORT INCLUDE:- FACULTY RECRUITMENT, DEVELOPMENT, AND RETENTION- ACCESS FOR QUALIFIED STUDENTS, INCLUDING SCHOLARSHIPS AND FELLOWSHIPS- STUDENT SUPPORT SERVICES- PROGRAM DEVELOPMENT- MATERIAL, TECHNOLOGY, AND EQUIPMENT- FACILITY DEVELOPMENT AND MAINTENANCE 42 41 72 262 0 0 27336137 16872194 0 0 2970415 1667833 -18657 0 30287895 18540027 8955063 18246100 0 0 1376658 1464188 152486 129050 1202772 3489257 3904892 13973464 23744230 16314431 -5204203 133298182 126377915 1028225 2017876 132269957 124360039 X SEE SCHEDULE OTHE MISSION OF THE HUNTER COLLEGE FOUNDATION IS TO ENHANCE HUNTER COLLEGE'S POSITION AS A PREMIERE PUBLIC EDUCATIONAL INSTITUTION. HUNTER COLLEGE IS COMPRISED OF THE SCHOOL OF THE ARTS & SCIENCES, SCHOOL OF EDUCATION, SCHOOL OF SOCIAL WORK, SCHOOL OF THE HEALTH PROFESSIONS, HUNTER COLLEGE HIGH SCHOOL, SCHOOL OF URBAN PUBLIC HEALTH AND HUNTER COLLEGE ELEMENTARY SCHOOL. THE HUNTER COLLEGE FOUNDATION BOARD CONSISTS OF A SELECT NUMBER OF OUTSTANDING ALUMNI AND DISTINGUISHED COMMUNITY AND BUSINESS LEADERS WHO ARE COMMITTED TO HELP RAISE THE COLLEGE'S PUBLIC IMAGE AND RAISE FUNDS TO FURTHER STRENGTHEN THE INSTITUTION. 0 0 11802901 11802901 FACILITY RENOVATIONSTHE HUNTER COLLEGE FOUNDATION SUPPORTS THE REPAIRS, RENOVATION AND IMPROVEMENTS OF THE FACILITIES AT HUNTER COLLEGE SUCH AS RENOVATION OF THE LIBRARY (THE RENOVATION OF THE 6TH AND 7TH FLOORS IS EXPECTED TO BE COMPLETED IN EARLY 2017), UPGRADE TO CLASSROOMS AND LABORATORIES AND PURCHASE OF STATE OF THE ART EQUIPMENT. THIS SUPPORTS THE COLLEGE IN ITS ENDEAVOR TO OFFER ITS STUDENTS THE BEST FACILITIES AND LEARNING ENVIRONMENT. 6670087 2962308 EDUCATIONAL PROGRAMSTHE FOUNDATION PROVIDES SUPPORT TO ACADEMIC PROGRAMS TO HELP ADVANCE EDUCATIONAL EXCELLENCE AND FURTHER CURRICULUM AND FACULTY DEVELOPMENT. THE FOUNDATION ALSO HELPS TO SUPPORT AND CREATE NEW PROGRAMS AND DEPARTMENTS. 3480891 3480891 SCHOLARSHIPS AND GRANTSTHE HUNTER COLLEGE FOUNDATION DISTRIBUTES A VARIETY OF SCHOLARSHIPS TO DESERVING STUDENTS BASED ON CRITERIA SUCH AS MERIT, NEED, GRADE POINT AVERAGE AND DECLARATION OF A MAJOR COURSE OF STUDY. THESE SCHOLARSHIPS PLAY AN IMPORTANT ROLE IN EDUCATING THE NEXT GENERATION OF CITIZENS AND PERPETUATING THE EXTRAORDINARY HUNTER COMMUNITY OF SCHOLARS, STUDENTS AND ALUMNI. APPROXIMATELY 1,300 STUDENTS RECEIVED SCHOLARSHIPS THOUGH THE HUNTER COLLEGE FOUNDATION IN THE FISCAL YEAR ENDING JUNE 30, 2016. 21953879 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 0 1 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 241 0 72 1 0 0 0 0 0 0 0 0 0 0 X 42 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK AR CA CO DC KY LA MD MA MI MN NH NJ NY OH OR RI SC UT CT GA FL ND NC PA VA WA X X GERRY RATSEN CO HUNTER COLLEGE 2127725632 695 PARK AVENUE HE 1313 NEW YORK NY 10065 JOAN GRABE CHAIR 2.00 X X 0 0 0 SUZANNE SANTRY VICE CHAIR 2.00 1.00 X X 0 0 0 CATHY WEINROTH TREASURER 2.00 0.50 X X 0 0 0 RUTH B NEWMAN SECRETARY 2.00 X X 0 0 0 ABBY MILLER LEVY TRUSTEE 2.00 X 0 0 0 ABHINAV PRASAD TRUSTEE 2.00 X 0 0 0 ADA PELUSO TRUSTEE 2.00 X 0 0 0 ALEX KOHEN TRUSTEE 2.00 X 0 0 0 AVINASH N MEHROTRA TRUSTEE 2.00 X 0 0 0 BARBARA GLOVEN CHESLER TRUSTEE 2.00 0.50 X 0 0 0 CAROL GOLDBERG TRUSTEE 2.00 X 0 0 0 CAROLE OLSHAN TRUSTEE 2.00 X 0 0 0 CHARLOTTE K FRANK TRUSTEE 2.00 X 0 0 0 CHRISTOPHER A SEEGER TRUSTEE 2.00 X 0 0 0 DIANE VOLK TRUSTEE 2.00 X 0 0 0 DONALD CAPOCCIA TRUSTEE 2.00 X 0 0 0 ELBRUN KIMMELMAN TRUSTEE 2.00 X 0 0 0 ELIZABETH HEMMERDINGER TRUSTEE 2.00 X 0 0 0 EVELYN KRANES KOSSAK TRUSTEE 2.00 X 0 0 0 HARRIET M GRUBER TRUSTEE 2.00 X 0 0 0 HELEN APPEL TRUSTEE 2.00 X 0 0 0 HELENE D GOLDFARB TRUSTEE 2.00 X 0 0 0 JANE E OPPENHEIM TRUSTEE 2.00 X 0 0 0 JODY GOTTFRIED ARNHOLD TRUSTEE 2.00 X 0 0 0 JUDY F ZANKEL TRUSTEE 2.00 X 0 0 0 KLARA SILVERSTEIN TRUSTEE 2.00 X 0 0 0 KELLE JACOB TRUSTEE 2.00 X 0 0 0 LEONA F CHANIN TRUSTEE 2.00 X 0 0 0 MARSHALL SONENSHINE TRUSTEE 2.00 X 0 0 0 MARY CIRILLO-GOLDBERG TRUSTEE 2.00 X 0 0 0 MELANIE SHORIN TRUSTEE 2.00 X 0 0 0 MICHAEL COHN TRUSTEE 2.00 X 0 0 0 MICHAEL P FRANKFURT TRUSTEE 2.00 X 0 0 0 NEIL JANOVIC TRUSTEE 2.00 X 0 0 0 PATTY C BAKER TRUSTEE 2.00 X 0 0 0 R TRENT HICKMAN TRUSTEE 2.00 X 0 0 0 ROGER KAMAU TRUSTEE 2.00 X 0 0 0 SHEILA L BIRNBAUM TRUSTEE 2.00 X 0 0 0 SIDNEY A MILLER TRUSTEE-TERM ENDED SEPTEMBER, 2015 2.00 X 0 0 0 SOPHIA MUIRHEAD TRUSTEE 2.00 0.50 X 0 0 0 SUSAN M STEINHARDT TRUSTEE 2.00 X 0 0 0 SUSAN V BERSHAD TRUSTEE 2.00 X 0 0 0 SUZY BALES TRUSTEE-TERM ENDED MARCH, 2016 2.00 X 0 0 0 JENNIFER R RAAB EX-OFFICIO TRUSTEE 15.00 45.00 X 325397 0 68334 PATRICIA MORAN EXECUTIVE DIRECTOR THRU JULY 2015 40.00 X 144105 0 30262 EVE A LEVY MAJOR GIFTS CONSULTANT 40.00 X 163308 0 0 SARA MEYER ASST VP OF INST. ADV. THRU JAN. 2016 55.00 X 156365 0 32836 JORGE DEJESUS EXECUTIVE DIR. OF ALUMNI RELATIONS 40.00 X 116630 0 24492 905805 0 155924 5 0 1 1 NEUMAN'S KITCHEN 203 CHRYSTIE STREET NEW YORK NY 10002 CATERING/FOOD SERVICES 172822 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 FUNDRAISING 168830 AMERICAN HARLEQUIN CORP 1531 GLEN AVENUE MOORESTOWN NJ 08057 CARPENTRY 147000 THE NEW YORK TIMES 620 EIGHTH AVENUE NEW YORK NY 10018 ADVERTISING 125000 4 16872194 315770 16872194 2636489 2636489 14721158 15689814 -968656 -968656 -968656 18540027 0 0 1667833 17580439 17580439 651261 651261 14400 14400 1327038 841354 174588 311096 137150 77950 31187 28013 46792 46792 129050 129050 176817 176817 902041 590416 71437 240188 144026 144026 483916 440311 15445 28160 129925 128030 1895 186826 166437 20389 85702 67578 18124 4825 4825 41423 15131 26292 PUBLIC PROG AND EXHIBIT 761652 722222 36 39394 HONORARIUMS 349822 349822 PUBLICATIONS 244090 95145 148945 ALUMNI AFFAIRS 151271 105971 45300 195764 107412 24966 63386 23744230 21953879 587579 1202772 3194568 3817139 4040355 7910699 51154498 36211511 38394 41970 64605300 70621806 10006995 7515896 258072 258894 133298182 126377915 851935 980007 125000 51290 1037869 1028225 2017876 X 1048377 22902 77350448 66961096 53871132 57376041 132269957 124360039 133298182 126377915 X -5204203 -3387720 682005 X X 0 1 X 1 0 X 20781979 27752677 45981740 27336137 16872194 138724727 20781979 27752677 45981740 27336137 16872194 138724727 49486021 89238706 971434 1082817 1431621 2055911 2636489 8178272 146902999 0.60750 0.58300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 165000 0 44766229 7544910 -618233 600097 1209685 49883124 40468917 5207530 477204 578661 808761 44766229 32279525 4370984 4836805 684527 333870 40468917 32402419 5656366 2095825 217025 7658060 32279525 26019495 6819336 201902 180061 458253 32402419 0.92540 0.07460 0 0 0 ALTERNATIVE INVESTMENTS 7515896 F 7515896 ANNUITY OBLIGATIONS 37869 DUE TO HCF RENOVATION FOUNDATION 1000000 1037869 X 16754688 -3387720 1097193 882005 8650000 7241478 9513210 176817 8850000 9026817 18540027 24664606 1097193 8650000 9747193 14917413 176817 8650000 8826817 23744230 PART V, LINE 4: THE MISSION OF THE HUNTER COLLEGE FOUNDATION IS TO ENHANCE HUNTER COLLEGE'S POSITION AS A PREMIERE PUBLIC EDUCATIONAL INSTITUTION. THE FOUNDATION'S ENDOWMENT SUPPORTS THE FOLLOWING AREAS: - FACULTY RECRUITMENT, DEVELOPMENT, AND RETENTION - ACCESS FOR QUALIFIED STUDENTS, INCLUDING SCHOLARSHIPS AND FELLOWSHIPS - STUDENT SUPPORT SERVICES - PROGRAM DEVELOPMENT - MATERIALS, TECHNOLOGY, AND EQUIPMENT - FACILITY DEVELOPMENT AND MAINTENANCE PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE FOUNDATION IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO RELATED ORGANIZATIONS 8,650,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSSES ON UNCOLLECTIBLE PLEDGES 200,000. ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 8,650,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO RELATED ORGANIZATIONS 8,650,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS ON CONSOLIDATED FINANCIAL STATEMENTS 8,650,000. 1 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 5970280 NORTH AMERICA 0 0 SCHOLARSHIPS 14400 0 0 0 0 0 0 5984680 0 5984680 SCHOLARSHIPS NORTH AMERICA 4 14400 WIRE TRANSFER 1 0 1 0 0 0 PART I, LINE 2: MFA STUDENTS STUDYING IN MEXICO: HUNTER SENDS 4 MFA STUDENTS EACH SUMMER TO STUDY AT SOMA, A PRESTIGE MUSEUM IN MEXICO CITY. THE FUNDING COVERS THE TUITION AT SOMA FOR THE SUMMER. THE HUNTER FACULTY IN THE DEPARTMENT OF ART AND ART HISTORY MAKE THE STUDENTS AWARE OF THE OPPORTUNITY TO STUDY IN MEXICO. THE FACULTY VETS THE STUDENT APPLICATIONS AND APPROVES WHICH STUDENTS CAN SUBMIT THEIR APPLICATION TO SOMA. SOMA SELECTS STUDENTS WITH AN UNDERSTANDING THAT TWO HUNTER STUDENTS ARE SELECTED FOR EACH SUMMER SESSION. BY PROVIDING MFA STUDENTS WITH THE OPPORTUNITY TO STUDY AT A CONTEMPORARY ART PROGRAM IN MEXICO, THE FOUNDATION IS FURTHERING ITS MISSION TO ENHANCE HUNTER'S POSITION AS A PREMIERE PUBLIC EDUCATIONAL INSTITUTION. AN IMPORTANT PART OF THE FOUNDATION'S MISSION IS TO PROVIDE ACCESS FOR QUALIFIED STUDENTS WITH SCHOLARSHIPS AND FELLOWSHIPS. IN ADDITION, THE COLLEGE AND THE FOUNDATION ARE COMMITTED TO PROVIDING GLOBAL EXPERIENCES FOR ALL OF OUR STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL. PART IV, LINE 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD OWNERSHIP OR OTHER FILING REQUIREMENTS. THE ORGANIZATION IS REQUIRED TO FILE FORM 926 BECAUSE IT MEETS THE APPLICABLE FILING THRESHOLD REQUIREMENT. X X X X X 1 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 FUNDRAISING/SOLICITATIONS/TELEMARKETING 0 158471 129050 29421 158471 129050 29421 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 1 HUNTER COLLEGE OF THE CITY UNIVERSITY OF NEW YORK 695 PARK AVENUE NEW YORK NY 10065 136001027 501(C)(3) 5314887 TO SUPPORT HUNTER COLLEGE TOWARDS SALARIES, SCHOLARSHIPS, EQUIPMENT, PROGRAM, CAMPUS SCHOOL RESEARCH FOUNDATION OF CITY UNIVERSITY OF NEW YORK 695 PARK AVENUE ROOM 1424E NEW YORK NY 10065 131988190 501(C)(3) 551551 TO SUPPORT RESEARCH HUNTER HILLEL FOUNDATION 695 PARK AVENUE ROOM E1317A NEW YORK NY 10065 133853221 501(C)(3) 18156 TO SUPPORT SALARY FOR STAFF AND MISSION OF THE ORGANIZATION HCF RENOVATION FOUNDATIONINC 695 PARK AVENUE ROOM 1601E NEW YORK NY 10065 352527901 501(C)(3) 8650000 TO SUPPORT THE HC LIBRARY CONSTRUCTION CUNY CENTRAL OFFICE- OFFICE OF UNIVERSITY CONTROLLER 205 EAST 42ND STREET NEW YORK NY 10017 133893536 501(C)(3) 3045845 CUNY CENTRAL OFFICE DISTRIBUTES THE SCHOLARSHIPS TO HUNTER STUDENTS ON BEHALF OF HUNTER COLLEGE 5 SCHOLARSHIPS/FELLOWSHIPS 48 420646 GRANT AWARDS-EMERGENCY FUNDING 60 97820 STIPEND/INTERNSHIPS 248 115337 AWARDS - COLLEGE FACULTY 20 17458 PART I, LINE 2: GRANTS TO ORGANIZATIONS: THE HUNTER COLLEGE FOUNDATION (HCF) SUPPORTS THE ACTIVITIES OF THE SPECIFIC ORGANIZATIONS BY PROVIDING GRANTS TO THEM. HCF SYSTEMATICALLY REQUIRES COPIES OF THE RECEIPTS AND INVOICES, BUDGET AND PROJECT PROGRESS INFORMATION FROM THESE ORGANIZATIONS TO ASSURE PROPER USAGE OF THE FUNDS. THE PURPOSE OF THE EXPENDITURES IS COMPARED TO THE PURPOSE OF THE RESPECTIVE ACCOUNT. GRANTS TO INDIVIDUALS: THE FOUNDATION TRANSFERS THE FUNDS TO THE CITY UNIVERSITY OF NEW YORK (CUNY) CENTRAL OFFICE WHO APPLIES THEM AGAINTS STUDENTS' ACCOUNTS (TOWARDS THEIR TUITIONS). ANY BALANCES ARE REFUNDED DIRECTLY TO STUDENTS BY CUNY CHECK. SOME DONORS DO REQUIRE STEWARDSHIP REPORTS, DETAILING HOW THE FOUNDATION ALLOCATED THE FUNDS AND HOW THE STUDENTS WERE SELECTED. THE FOUNDATION HAS PROCESSES IN PLACE TO ENABLE IT TO PREPARE SUCH STEWARDSHIP REPORTS WHEN THEY ARE REQUIRED. 0 0 0 0 0 0 0 0 0 JENNIFER R RAAB EX-OFFICIO TRUSTEE 325397 0 0 0 0 0 26032 0 42302 0 393731 0 0 0 PATRICIA MORAN EXECUTIVE DIRECTOR THRU JULY 2015 144105 0 0 0 0 0 11528 0 18734 0 174367 0 0 0 EVE A LEVY MAJOR GIFTS CONSULTANT 163308 0 0 0 0 0 0 0 0 0 163308 0 0 0 SARA MEYER ASST VP OF INST. ADV. THRU JAN. 2016 156365 0 0 0 0 0 12509 0 20327 0 189201 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR OF THE FOUNDATION WAS NOT COMPENSATED BY THE HUNTER COLLEGE FOUNDATION; HOWEVER SHE WAS EMPLOYED BY THE CITY UNIVERSITY OF NEW YORK AS EXECUTIVE DIRECTOR OF DEVELOPMENT AND WAS COMPENSATED BY CUNY UNIVERSITY OF NEW YORK. HUNTER COLLEGE IS PART OF THE CITY UNIVERSITY OF NEW YORK ("CUNY"), A QUASI-GOVERNMENTAL ENTITY, AND THEREFORE FOLLOWS CUNY'S HIRING PRACTICES. THIS POSITION IS IN THE CUNY EXECUTIVE COMPENSATION PLAN ("ECP"). THE BOARD OF TRUSTEES OF CUNY ESTABLISHES COMPENSATION RANGES FOR ECP EMPLOYEES BASED ON THE LEVEL OF RESPONSIBILITY AND REVIEWS AND APPROVES ALL ECP APPOINTMENTS TO ENSURE COMPARABILITY ACROSS THE CUNY SYSTEM WHICH CONSISTS OF TWENTY FIVE COLLEGES AND SCHOOLS. PART VII, LINE 5, SERVICES PAID BY AN UNRELATED ORGANIZATION JENNIFER R. RAAB, PATRICIA MORAN, EVA A. LEVY, SARA MEYER, AND JORGE DEJESUS ARE PAID BY AN UNRELATED ORGANIZATIONS, CITY UNIVERSITY OF NEW YORK AND THE RESEARCH FOUNDATION OF CUNY, FOR SERVICES PROVIDED TO THE HUNTER COLLEGE FOUNDATION AS EX-OFFICIO TRUSTEE, EXECUTIVE DIRECTOR, MAJOR GIFT CONSULTANT, ASSISTANT VP OF INSTITUTIONAL ADVANCEMENT, AND EXECUTIVE DIRECTOR OF ALUMNI RELATIONS RESPECTIVELY. THEY EACH RECEIVE A W-2 FOR THEIR SERVICES. THE COMPENSATION REPORTED IN PART VII, SECTION A AND SCHEDULE J, PART II IS BASED ON THEIR CALENDAR YEAR COMPENSATION FOR SERVICES RENDERED TO THE HUNTER COLLEGE FOUNDATION. X 13 257576 FMV X KINDLE FIRES 1 30194 DONOR APPRAISAL X MUSIC INSTRUMENTS 2 28000 DONOR APPRAISAL 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 WITH MANAGEMENT AND AUDITORS AND APPROVES THE FORM 990 FOR FILING. FOLLOWING AUDIT COMMITTEE APPROVAL AND PRIOR TO FILING, A COPY OF THE FORM 990 IS ELECTRONICALLY DELIVERED TO EACH MEMBER OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST AND DISCLOSURE POLICY IS DISTRIBUTED TO BOARD MEMBERS AT THE INITIAL MEETING OF THE YEAR. THE BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, SIGN THE CONFLICT OF INTEREST AND DISCLOSURE POLICY ANNUAL STATEMENT AND RETURN THE FORMS TO THE FOUNDATION. THESE FORMS ARE THEN REVIEWED BY COUNSEL. THE CONFLICT OF INTEREST POLICY COVERS ANY INTERESTED PERSON WHO IS A TRUSTEE, OFFICER, KEY EMPLOYEE OR MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE FOUNDATION'S BOARD. AN INTERESTED PERSON WILL DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST TO THE EXECUTIVE COMMITTEE AND TO THE BOARD OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. AFTER THE INTERESTED PERSON DISCLOSED THE POTENTIAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON SHALL LEAVE THE EXECUTIVE COMMITTEE MEETING AND THE EXECUTIVE COMMITTEE MEMBERS SHALL DECIDE AND VOTE ON WHETHER A CONFLICT OF INTEREST EXISTS. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING BUT WILL THEN LEAVE THE MEETING BEFORE THE DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OR COMMITTEE WILL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, ARTICLES OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: LOSSES ON UNCOLLECTIBLE PLEDGES -200,000. GRANT REFUNDS 882,005. FORM 990, PART XII, LINE 2C - FINANCIAL STATEMENTS AND REPORTING THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HCF RENOVATION FOUNDATION 695 PARK AVENUE NEW YORK NY 10065 352527901 RENOVATING, IMPROVING, CONSTRUCTING, EXPANDING AND ENHANCING HUNTER COLLEGE NY 501(C)(3) LINE 11A, I HUNTER COLLEGE FOUNDATION INC 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 HCF RENOVATION FOUNDATION B 8650000 COST