2017-01-25T15:19:08-06:00 2016-06-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2015-07-01 237433570 UC RIVERSIDE FOUNDATION % E WOTTRING-GONZALES UCRI 9517876389 900 UNIVERSITY AVE 1136 HINDERAKER RIVERSIDE CA 92521 ELIZABETH WOTTRING-GONZALES ASSOC TREASURER 9518276389 2017-01-24 true CAREY MCKEE P01281067 2139724000 2017-01-23 2015 2021-01-29 14:40:06Z X ELIZABETH WOTTRING-GONZALES 900 UNIVERSITY AVE 1136 HINDERAKER RIVERSIDE CA 92521 141664940 false X HTTP://FOUNDATION.UCR.EDU X 1974 CA TO SUPPORT EDUCATIONAL, RESEARCH, AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 51 51 0 61 864 -657 6241926 14188742 0 0 4832409 3710627 100 10100 11074435 17909469 10525220 9116388 0 0 0 0 0 0 0 346963 519750 10872183 9636138 202252 8273331 144801312 142770110 3244092 3256453 141557220 139513657 TO SUPPORT EDUCATIONAL, RESEARCH AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. false false 7992274 7992274 0 SCHOLARSHIPS, FELLOWSHIPS, AWARDS AND OTHER SUPPORT OF FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 1124114 1124114 0 THE FOUNDATION RECEIVES, RECORDS AND MANAGES GIFTS FROM INDIVIDUALS, CORPORATIONS, ORGANIZATIONS AND FOUNDATIONS FOR THE SOLE BENEFIT OF UC RIVERSIDE IN ACCORDANCE WITH DONORS' WISHES. THE FOUNDATION PAYS A PERCENTAGE OF GIFTS RECEIVED, REFERRED TO AS GIFT FEES, AND A PERCENTAGE OF ENDOWMENT EARNINGS, KNOWN AS ENDOWMENT FEES, TO UC RIVERSIDE TO OFFSET THE CAMPUS COSTS OF ADMINISTERING AND CARRYING OUT THE TERMS OF THE ENDOWMENT AND TO HELP SUPPORT COSTS OF THE CAMPUS AND IN PARTICULAR THOSE RELATED TO ADVANCEMENT 9116388 true true false false false false false false false true true false false false true false true true false false false false false false false false false true false false false false false false false false false false true false false false false true true false false false true 0 0 true 0 true true false false false false false false false false false X 51 51 true false true false false false false true true false false false true true true false false false false false CA X X E WOTTRING-GONZALES 9518276389 900 UNIVERSITY AVE 1136 HINDERAKER RIVERSIDE CA 92521 X X S SUE JOHNSON IMMEDIATE PAST CHAIR 1.0 0.0 X X 0 0 0 THOMAS HAIDER CHAIR 1.0 0.0 X X 0 0 0 DARIN ANDERSON CHAIR ELECT 1.0 0.0 X X 0 0 0 ROBERT FEY TREASURER 1.0 0.0 X X 0 0 0 EDWIN H ALLEN ELECTED MEMBER 1.0 0.0 X 0 0 0 SUSAN ATHERTON ELECTED MEMBER 1.0 0.0 X 0 0 0 GORDON L BOURNS ELECTED MEMBER 1.0 0.0 X 0 0 0 JOYCE O BRANDMAN ELECTED MEMBER (THRU 5/1/16) 1.0 0.0 X 0 0 0 ROCHELLE A CAMPBELL ELECTED MEMBER 1.0 0.0 X 0 0 0 PAMELA CLUTE ELECTED MEMBER (AS OF 7/1/15) 1.0 0.0 X 0 0 0 HENRY W COIL ELECTED MEMBER 1.0 0.0 X 0 0 0 NICHOLAS J COUSSOULIS ELECTED MEMBER 1.0 0.0 X 0 0 0 WILLIAM D DAHLING ELECTED MEMBER 1.0 0.0 X 0 0 0 WILLIAM DEWOLFE ELECTED MEMBER 1.0 0.0 X 0 0 0 PRABHA DHALLA ELECTED MEMBER (THRU 6/30/16) 1.0 0.0 X 0 0 0 HARKEERAT S DHILLON ELECTED MEMBER 1.0 0.0 X 0 0 0 RUBY FRAZIER ELECTED MEMBER (THRU 6/30/16) 1.0 0.0 X 0 0 0 GLEN GRAYMAN ELECTED MEMBER 1.0 0.0 X 0 0 0 TIMOTHY GREENLEAF ELECTED MEMBER (AS OF 7/1/15) 1.0 0.0 X 0 0 0 AMY S HARRISON ELECTED MEMBER (THRU 10/5/15) 1.0 0.0 X 0 0 0 MARK HAWKINS ELECTED MEMBER 1.0 X 0 0 0 BRIAN HAWLEY ELECTED MEMBER 1.0 0.0 X 0 0 0 IRVING G HENDRICK ELECTED MEMBER 1.0 0.0 X 0 0 0 JEFFREY A KLEIN ELECTED MEMBER 1.0 0.0 X 0 0 0 ROBERT A KRIEGER ELECTED MEMBER 1.0 0.0 X 0 0 0 HARRY KURANI ELECTED MEMBER 1.0 0.0 X 0 0 0 STEVEN LARSON ELECTED MEMBER 1.0 0.0 X 0 0 0 WING LAU ELECTED MEMBER 1.0 0.0 X 0 0 0 COLLETTE B LEE ELECTED MEMBER 1.0 0.0 X 0 0 0 JOHN LEONARD ELECTED MEMBER 1.0 0.0 X 0 0 0 JAMES LIN ELECTED MEMBER (AS OF 7/1/15) 1.0 0.0 X 0 0 0 MATT D LYONS ELECTED MEMBER 1.0 0.0 X 0 0 0 AGENOR MAFRA-NETO ELECTED MEMBER 1.0 0.0 X 0 0 0 PAULINE MCGUIGAN ELECTED MEMBER 1.0 0.0 X 0 0 0 CORKY MIZER ELECTED MEMBER 1.0 0.0 X 0 0 0 DUANE PHILLIPS ELECTED MEMBER (AS OF 7/1/15) 1.0 0.0 X 0 0 0 JUDITH POSNIKOFF ELECTED MEMBER 1.0 0.0 X 0 0 0 RONALD R REDFERN ELECTED MEMBER (THRU 2/16/16) 1.0 0.0 X 0 0 0 W RONALD REDMOND ELECTED MEMBER (THRU 2/16/16) 1.0 0.0 X 0 0 0 DAVID C ROBERTS ELECTED MEMBER (THRU 6/30/16) 1.0 0.0 X 0 0 0 DUANE R ROBERTS ELECTED MEMBER 1.0 0.0 X 0 0 0 BARBARA L ROBINSON ELECTED MEMBER 1.0 0.0 X 0 0 0 PAMELA RUBIN ELECTED MEMBER 1.0 0.0 X 0 0 0 ROBERT J SEPE ELECTED MEMBER (THRU 7/14/15) 1.0 0.0 X 0 0 0 PAUL M SHIMOFF ELECTED MEMBER (THRU 6/30/16) 1.0 0.0 X 0 0 0 RONALD W STOVITZ ELECTED MEMBER 1.0 0.0 X 0 0 0 GARY SWANER ELECTED MEMBER 1.0 0.0 X 0 0 0 DAVID TSAI ELECTED MEMBER (AS OF 7/1/15) 1.0 0.0 X 0 0 0 BRUCE D VARNER ELECTED MEMBER 1.0 0.0 X 0 0 0 STEPHANIE W WANG ELECTED MEMBER 1.0 0.0 X 0 0 0 LINDA WILLIAMS ELECTED MEMBER 1.0 0.0 X 0 0 0 KATHERINE WRIGHT ELECTED MEMBER 1.0 0.0 X 0 0 0 DREW ZAGER ELECTED MEMBER 1.0 0.0 X 0 0 0 DAVID FISHER EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 DANIEL KIM THRU 63016 EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 KIM A WILCOX EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 PETER A HAYASHIDA PRESIDENT 8.0 0.0 X 0 0 0 HIEU NGUYEN EXECUTIVE VP 1.0 0.0 X 0 0 0 JAN WILDMAN VP FINANCE AND CFO 8.0 0.0 X 0 0 0 PATRICIA D KOHLMEIER SECRETARY 36.0 0.0 X 0 0 0 ELIZABETH A WOTTRING-GONZALES ASSOCIATE TREASURER 36.0 0.0 X 0 0 0 0 0 0 0 false false false GRAYSTONE CONSULTING 1999 AVENUE OF THE STARS STE 2400 LOS ANGELES CA 90067 INVEST CONSULT SERV 120780 1 14188742 179967 14188742 0 3420273 715 3420371 0 0 0 0 0 124045825 123755471 290354 290354 149 290205 0 0 0 OTHER INCOME 900099 10100 10100 10100 17909469 864 3720676 9116388 9116388 0 0 0 0 0 0 0 0 0 0 0 13850 13850 0 0 426762 426762 14612 14612 0 20577 20577 0 0 0 0 0 22451 22451 0 0 0 0 Trust Property Taxes 20971 20971 OTHER EXPENSES 527 527 9636138 9116388 519750 0 X 30068 39769 6883763 9036483 787163 2287330 0 0 0 0 0 0 0 0 0 0 0 0 3150000 3345000 3150000 133536993 128078098 218325 157171 0 0 0 0 0 21259 144801312 142770110 1042220 1315485 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2201872 1940968 3244092 3256453 X 0 0 0 0 141557220 139513657 141557220 139513657 144801312 142770110 X 8273331 -10212623 -104271 X false true X true false X 6682098 11690275 9777924 6241926 14188742 48580965 0 0 6682098 11690275 9777924 6241926 14188742 48580965 10187048 38393917 3504331 4222269 3942462 4115057 3420273 19204392 0 38741 15651 0 100 10100 64592 67849949 0.56586 0.53930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133266420 8799682 -6525748 4304208 1033866 400979 129801301 132775221 4408776 988743 4885069 0 21251 133266420 108291601 9332768 19969141 3837379 863548 117362 132775221 96164240 5419764 11142893 3681180 739879 14237 108291601 97648538 4498666 -2236864 3113760 541738 90602 96164240 0.06858 0.68598 0.24545 false false 3150000 3150000 3150000 0 LIABILITY LIFE BENEFICIARIES 1940968 1940968 7191596 -10212623 40265 -144536 -10316894 17508490 400979 400979 17909469 9235159 9235159 400979 400979 9636138 INTENDED USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENTS PROVIDE FINANCIAL SUPPORT FOR VARIOUS UC RIVERSIDE SCHOOLS AND PROGRAMS, INCLUDING RESEARCH, STUDENT SCHOLARSHIPS AND FELLOWSHIPS, INSTRUCTIONAL SUPPORT, EQUIPMENT PURCHASES, CAPITAL IMPROVEMENTS AND EDUCATION. FIN 48 (ASC 740) FOOTNOTE Form Sch D Part X Line 2 FIN 48 (ASC 740) FOOTNOTE THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PREPARED IN ACCORDANCE WITH GASB; THEREFORE, THERE IS NO ASC 740 FOOTNOTE. REVENUE ON AUDITED FINANCIAL STATEMENTS, NOT ON FORM 990 FORM 990, SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF ANNUITY AND LIFE INCOME LIABILITIES -$ 144,536 false REGENTS OF THE UNIV OF CA RIVERSIDE 900 UNIVERSITY AVENUE RIVERSIDE CA 92521 956006142 STATE OF CA 9116388 N/A N/A SUPPORT UNIV. PROG. 1 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 THE UC RIVERSIDE FOUNDATION IS THE PRIMARY DEPOSITORY OF DONATIONS RECEIVED TO SUPPORT UC RIVERSIDE. GIFTS PROCESSED BY THE UC RIVERSIDE FOUNDATION INCLUDE 100% TAX DEDUCTIBLE DONATIONS PLUS MEMBERSHIP AND SPECIAL EVENTS PROCEEDS IN WHICH A PORTION OF THE CONTRIBUTIONS RECEIVED MAY INCLUDE QUID PRO QUO ITEMS. CONTRIBUTIONS AS NOTED ABOVE ARE TRANSFERRED TO THE UC RIVERSIDE CAMPUS AS GRANTS. THE CAMPUS USES THE GRANTS TO MAKE DISTRIBUTIONS FOR THE PURPOSE THE CONTRIBUTIONS WERE GIVEN AND IN COMPLIANCE WITH UNIVERSITY OF CALIFORNIA POLICIES. THESE DISTRIBUTIONS ARE FOR SCHOLARSHIPS AND FELLOWSHIPS, RESEARCH, SPECIAL EVENTS COSTS, OTHER PROGRAM COSTS, ETC. ENDOWMENT SPENDING PROVIDED FROM THE UC RIVERSIDE FOUNDATION'S ENDOWMENT IS GRANTED TO THE UC RIVERSIDE CAMPUS AND IS EXPENDED BY THE CAMPUS IN THE SAME MANNER. ALL SUCH EXPENDITURES OF THE GIFT FUNDS ARE INCURRED BY THE CAMPUS WITHIN THE UNIVERSITY'S ACCOUNTING SYSTEM AND ARE NOT REFLECTED ON THE FOUNDATION'S ACCOUNTING RECORDS. X 9 179967 AVG Price Date Dtn false true false Form Sch M Part I Line (b) NUMBER OF CONTRIBUTIONS THE NUMBER OF CONTRIBUTIONS REPORTED IS BASED ON THE NUMBER OF DONATIONS RECEIVED FROM CONTRIBUTORS. FAMILY OR BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 2 AMY HARRISON, BARBARA ROBINSON AND BRUCE VARNER HAVE A BUSINESS RELATIONSHIP. DISCLOSURE FOR POLICIES FORM 990, PART VI, SECTION B THE UC RIVERSIDE FOUNDATION IS REQUIRED TO COMPLY WITH THE POLICIES OF THE UNIVERSITY OF CALIFORNIA. BYLAW AMENDMENTS Form 990, Part VI, Section B, Line 4 The Foundation amended its bylaws on May 25, 2016. The following is a summary of the significant changes: - Article III, Section 1 - Qualifications for Membership on the Board of Trustees - Added three qualifications that included levels of prior and future financial support along with commitment for volunteer participation. - Article IV, Section 1 - Number of Officers - The Officers of the Corporation combined the Secretary and Executive Director roles. - Article V, Section 1 - Executive Committee - Clarified the limitations of the powers of the executive committee that shall not include approving a corporate acquisition. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE FOUNDATION'S BOARD OF TRUSTEES. DURING THE REVIEW THE COMMITTEE MEMBERS HAVE THE OPPORTUNITY TO ASK QUESTIONS OF THE FOUNDATION'S ACCOUNTING STAFF AND/OR THE ACCOUNTING FIRM PREPARING THE RETURN. DUE TO A CONFIDENTIALITY AGREEMENT WITH A DONOR, A PARTIALLY REDACTED COPY OF THE SCHEDULE B (EXCLUDING THE INFORMATION OF THE ONE DONOR) WAS DISTRIBUTED TO THE ENTIRE BOARD BEFORE FILING. THE DONOR'S INFORMATION WAS PROVIDED TO THE IRS AS REQUIRED. MONITORING CONFLICTS OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY - THE UC RIVERSIDE FOUNDATION HAS A CONFLICT OF INTEREST STATEMENT WHICH MUST BE COMPLETED BY BOARD MEMBERS, OFFICERS AND STAFF MEMBERS IN DECISION-MAKING ROLES ANNUALLY. THE CONFLICT OF INTEREST STATEMENT IS AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT. THE ANNUAL STATEMENTS ARE REVIEWED BY THE PRESIDENT AND CHIEF FINANCIAL OFFICER WHO MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST. ANY POTENTIAL OR ACTUAL CONFLICTS ARE DISCLOSED TO THE CHAIR OF THE BOARD OF TRUSTEES IN ORDER TO ADDRESS THEM APPROPRIATELY. A DETERMINATION IS THEN MADE TO: (A)TAKE NO ACTION; (B)ASSURE FULL DISCLOSURE TO THE BOARD OF TRUSTEES AND OTHER INDIVIDUALS COVERED BY THE POLICY; (C)ASK THE MEMBER OR STAFF PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS; OR (D)ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION ON THE BOARD OR IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL. PUBLICLY REQUIRED INFORMATION FORM 990, PART VI, SECTION B, LINE 18 THE UC RIVERSIDE FOUNDATION POSTS ITS FORM 990 ON ITS WEBSITE. IT MAKES AVAILABLE ITS FORM 1023 APPLICATION AND ITS FORM 990-T UPON REQUEST. OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, BYLAWS, FINANCIAL STATEMENTS AND THE CONFLICT OF THE INTEREST POLICY STATEMENT ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF ANNUITY AND LIFE INCOME LIABILITY $ (144,536) ADJUSTMENT FOR PRIOR YEAR RETURNED GRANTS $ 40,265 ------------ TOTAL $ (104,271) CHARITABLE REMAINDER UNITRUST (5) TRUST CA UCRF TRUST true false false false false false false false false false false false false false false false false false false false