2017-02-13T11:35:21-06:00 2016-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2015-07-01 237104179 THE GENESEO FOUNDATION INC GENE 5852455518 1 COLLEGE CIRCLE DOTY 325 GENESEO NY 144541485 KEVIN GAVAGAN BOARD CHAIR 5852455518 2017-02-10 1 MICHELLE CAIN P00150750 5854231860 2017-02-10 2015 2021-01-29 14:40:06Z KEVIN GAVAGAN 1 COLLEGE CIRCLE DOTY 325 GENESEO NY 144541485 18179457 0 X FOUNDATION.GENESEO.EDU X 1971 NY THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 27 26 8 35 0 0 2848662 3542545 323521 367795 9049172 -721926 20863 0 12242218 3188414 1278015 1342347 0 0 87627 128616 0 0 148915 1761687 2140177 3127329 3611140 9114889 -422726 34171526 34493376 443504 409335 33728022 34084041 X THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 0 0 867252 867252 THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $867,252. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 432863 432863 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $432,863. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 1551899 42232 367795 COLLEGE ACTIVITIES WERE SUPPORTED BY THE GENESEO FOUNDATION TO ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. EXAMPLES INCLUDE PROFESSIONAL CONFERENCES/CONVENTIONS/MEETINGS, PURCHASES OF EQUIPMENT FOR CAMPUS IMPROVEMENT PROJECTS, SUPPORT FOR SPEAKERS AND GUEST LECTURERS, MEMBERSHIP FEES, PURCHASES OF PROFESSIONAL PUBLICATIONS AND PRINTING OF CAMPUS PUBLICATIONS, NEWSLETTERS AND BROCHURES, RECEPTIONS FOR LECTURERS,INTERNSHIP PRESENTATIONS, FACULTY/STUDENT AWARD PROGRAMS, AND MINORITY STUDENT PROGRAMS. 2852014 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 X 100 0 8 1 0 0 0 0 0 1 1 0 0 0 0 X 27 26 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X THE GENESEO FOUNDATION INC 5852455606 SUNY GENESEO-DOTY 244 GENESEO NY 144541485 X SCOTT C AGAN BOARD MEMBER 1.00 X 0 0 0 ROBERT J AVALLONE BOARD MEMBER 1.00 X 0 0 0 KATHY ACIERNO BARON BOARD MEMBER 1.00 X 0 0 0 MICHAEL CAMARELLA BOARD MEMBER 1.00 X 0 0 0 JOHN T CAMIOLO SECRETARY 2.00 X X 0 0 0 JOSEPH L CARR PART YEAR BOARD MEMBER 1.00 X 0 0 0 CHARLES KLEMAN PART YEAR BOARD MEMBER 1.00 X 0 0 0 JAMES N LEARY VICE CHAIR 2.00 X X 0 0 0 DANIEL G LOUGHRAN TREASURER 2.00 X X 0 0 0 PAUL PETERMAN BOARD MEMBER 1.00 X 0 0 0 GREGORY O'CONNELL BOARD MEMBER 1.00 X 0 0 0 JANE RYAN PART YEAR BOARD MEMBER 1.00 X 0 0 0 ERIC RORAPAUGH BOARD MEMBER 1.00 X 0 0 0 JACK KRAMER BOARD MEMBER 1.00 X 0 0 0 KEVIN GAVAGAN CHAIR 2.00 X X 0 0 0 JENNIFER DUNLAP BOARD MEMBER 1.00 X 0 0 0 JAMES S HOUSTON PART YEAR BOARD MEMBER 1.00 X 0 0 0 DANIEL B WARD BOARD MEMBER 1.00 X 0 0 0 ANNE I TILLINGHAST BOARD MEMBER 1.00 X 0 0 0 DAVID C TURNER PART YEAR BOARD MEMBER 1.00 X 0 0 0 GEORGE W SPEEDY BOARD MEMBER 1.00 X 0 0 0 JOHN A GLEASON BOARD MEMBER 1.00 X 0 0 0 KEVIN M CANTY BOARD MEMBER 1.00 X 0 0 0 MOLLENE BENISON BOARD MEMBER 1.00 X 0 0 0 BARBARA BILODEAU BOARD MEMBER 1.00 X 0 0 0 KRISTIN GRAHAM KOEHLER BOARD MEMBER 1.00 X 0 0 0 ROBERT MURRAY BOARD MEMBER 1.00 X 0 0 0 JOHN O'MALLEY BOARD MEMBER 1.00 X 0 0 0 JONNA SHUTOWICK BOARD MEMBER 1.00 X 0 0 0 ROBERT WALLEY BOARD MEMBER 1.00 X 0 0 0 JON HYSELL INTERIM EXECUTIVE DIRECTOR 40.00 X X 188837 0 37654 DENISE A BATTLES PRESIDENT OF SUNY GENESEO 1.00 X 0 0 0 188837 0 37654 1 0 1 1 0 X 40012 3502533 177248 3542545 COLLEGE SERVICE ACTIVITIES 611710 367795 367795 367795 135849 135849 14133268 14991043 -857775 -857775 -857775 3188414 367795 0 -721926 42232 42232 1300115 1300115 9750 9750 108784 36289 72495 1193 314 879 8889 3996 4893 40045 543 39502 257496 257496 135528 81796 21652 32080 82787 82787 450629 422537 26707 1385 4262 4262 COLLEGE ACTIVITIES 661244 575907 36982 48355 SUPPLIES 196101 192793 2552 756 STEWARDSHIP & COLLEGE R 187663 123800 18878 44985 MISCELLANEOUS 78124 49502 28622 46298 17928 7016 21354 3611140 2852014 610211 148915 245186 446861 192367 41433 2343856 1677308 17765 14343 505101 476941 1159 370 430735 141968 179029 288767 3519353 29794528 27054309 892535 973691 34171526 34493376 215567 224300 227937 185035 443504 409335 X 5187336 5293442 10164003 8795132 18376683 19995467 33728022 34084041 34171526 34493376 X -422726 337441 441304 X X 0 1 X 1 0 X 5492513 2453158 5602618 2664536 3542545 19755370 2675451 2152289 2433347 2532349 2324787 12118223 8167964 4605447 8035965 5196885 5867332 31873593 1320257 30553336 370179 421383 472495 232563 135849 1632469 17952 15028 19794 20863 73637 33579699 1670518 0.90990 0.90460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 815520 X X 0 29164501 1624325 -423471 736747 29628608 26577236 3001000 1972 415707 29164501 21584470 900000 4186662 93896 26577236 17271676 1593500 2801892 82598 21584470 14688846 2480000 176662 73832 17271676 0.07620 0.61960 0.30420 1 0 186367 186367 169761 81086 88675 60882 60882 0 13725 13725 288767 2404942 F DELEHANTY ANN M U/W 436748 F SSGA RUSSELL 300 INDEX 3187443 F FIERA USA GLOBAL EQUITIES FUND LP 2477153 F AQR GRP EL OFFSHORE FUND LTD 2275621 F AQR DELTA XV OFFSHORE FUND 1785478 F IR&M CORE BOND FUND II LLC 1271041 F ACADIAN NON-US ALL CAP EQUITY FUND 1621625 F BAXTER STREET OFFSHORE FUND, LTD 1620671 F NEW HAMPSHIRE INVESTMENT CREDIT ASSET TRUST 727312 F PRISMA SPECTRUM FUND LTD 1669394 F STANDARD LIFE INVESTMENT GLOBAL ABSOLUTE RETURN STRATEGIES OFFSHORE FEEDER F 1429272 F LIZARD EMERGING MARKETS 879271 F DREYFUS TREASURY PR CASH MGT 1352691 F BLUEBAY EMERGING MARKET SELECT BOND SP 1445298 F WELLINGTON CTF OPPORTUNISTIC INVESTMENT 1355078 F WELLINGTON CTF DIVERSIFIED INFLATION HEDGES 1115271 F 27054309 ANNUITY AND LIFE INCOME OBLIGATION 185035 185035 5572465 337441 2324787 4525 2666753 2905712 262899 19803 282702 3188414 5678431 2324787 5403 2330190 3348241 262899 262899 3611140 PART III, LINE 4: THE COLLECTION IS A TEACHING TOOL THAT FURTHERS THE EDUCATIONAL EXPERIENCES OF OUR STUDENTS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: 100% INTEREST IN DELEHANTY TRUST - REALIZED GAIN -9,407. 100% INTEREST IN DELEHANTY TRUST - INTEREST AND DIVIDEND INCOME 10,435. CHANGE IN SPLIT-INTEREST AGREEMENTS 3,497. PART XI, LINE 4B - OTHER ADJUSTMENTS: 100% INTEREST IN DELEHANTY TRUST DISTRIBUTIONS 19,803. PART XII, LINE 2D - OTHER ADJUSTMENTS: 100% INTEREST IN DELEHANTY TRUST INVESTMENT FEES 5,403. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 262,899. 1 SUNY GENESEO ONE COLLEGE CIRCLE GENESEO NY 14454 146013200 501(C)(3) 42232 TO ASSIST THE COLLEGE IN PROVIDING ACTIVITIES THAT WILL ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $831,111. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 452 831111 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $307,297. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 389 307297 THE GENESEO FOUNDATION PROVIDED PRIZES AS A MONETARY AWARD TO STUDENTS AT THE END OF A SCHOOL YEAR TO ACKNOWLEDGE THEIR HARD WORK AND EXTRAORDINARY ACADEMIC PERFORMANCE DURING THAT YEAR. 173 36141 THE GENESEO FOUNDATION PROVIDED AWARDS TO FACULTY OR STUDENTS TO AID IN PROJECT COMPLETION, USUALLY INVOLVING TRAVEL OR RESEARCH OF SOME SORT ON OR OFF CAMPUS. 64 125566 PART I, LINE 2: GRANTS AT SUNY GENESEO ARE AWARDED BY THE COLLEGE'S RESEARCH COUNCIL. THERE AE A NUMBER OF PEOPLE INVOLVED IN MONITORING AS STUDENT'S SPEND THEIR GRANT MONEY. THIS IS ACCOMPLISHED BY THE OFFICE OF SPONSORED RESEARCH, ACCOUNTING, THE STUDENT'S FACULTY SPONSOR FOR THE RESEARCH, AND THE PERSON IN CHARGE OF COMPLETING PURCHASE ORDERS FOR THE GRANTS. 0 0 0 0 0 0 0 0 0 JON HYSELL INTERIM EXECUTIVE DIRECTOR 179087 0 9750 0 0 0 29961 0 7693 0 226491 0 0 0 PART I, LINE 3 THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"), AN UNRELATED ORGANIZATION, CONTRIBUTES PERSONNEL TO THE FOUNDATION. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF JON HYSELL WHO DEVOTES HIS EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. THE COLLEGE HAS PROCESSES AND PROCEDURES FOR ESTABLISHING COMPENSATION. SCHEDULE J, PART II THE COMPENSATION INCLUDED IN ROW (I) REPRESENTS COMPENSATION FROM THE FOUNDATION AND THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"). THE BONUS COMPENSATION IS PAID FOR BY THE FOUNDATION, ALL REMAINING COMPENSATION VALUES ARE PAID FOR BY THE COLLEGE. X 10 166948 FMV X DINNERS & EVENT COSTS 5 8868 X PPHOTOGRAPHY 1 1000 X SUPPLIES 1 432 0 1 0 FORM 990, PART V, LINE 2A THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"), AN UNRELATED ORGANIZATION, CONTRIBUTES PERSONNEL TO THE FOUNDATION. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF APPROXIMATELY SIXTEEN FULL-TIME EQUIVALENT EMPLOYEES WHO DEVOTE THEIR EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THE GENESEO FOUNDATION UPDATED THEIR BYLAWS ON APRIL 30, 2016 TO CONVERT THE ALUMNI ASSOCIATION OF THE STATE UNIVERSITY COLLEGE AT GENESEO, INC. BOARD MEMBERS TO FULL CHARTER MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED FOR ACCURACY BY THE FINANCE COMMITTEE, PROVIDED TO THE BOARD, AND THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED TO COMPLETE A STATEMENT AT THE FIRST MEETING OF THE YEAR STATING WHAT, IF ANY CONFLICTS OF INTEREST HAVE ARISEN. FORM 990, PART VI, SECTION B, LINE 15 THE STATE UNIVERSITY OF NEW YORK COLLEGE AT GENESEO (THE "COLLEGE"), AN UNRELATED ORGANIZATION, CONTRIBUTES PERSONNEL TO THE FOUNDATION. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF APPROXIMATELY SIXTEEN FULL-TIME EQUIVALENT EMPLOYEES WHO DEVOTE THEIR EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. THE COLLEGE HAS A PROCESS FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART VII DENISE A. BATTLES IS THE PRESIDENT OF SUNY GENESEO, AN UNRELATED ORGANIZATION, AND AN EX-OFFICIO BOARD MEMBER OF THE FOUNDATION. DENISE A. BATTLES SERVES AS AN EX-OFFICIO BOARD MEMBER OF THE FOUNDATION ON A VOLUNTEER BASIS. FORM 990, PART VIII, LINE 1F THE ALUMNI ASSOCIATION OF THE STATE UNIVERSITY COLLEGE AT GENESEO, INC., AN UNRELATED ORGANIZATION, CEASED OPERATIONS DURING THE CURRENT YEAR. THE ALUMNI ASSOCIATION OF THE STATE UNIVERSITY COLLEGE AT GENESEO, INC 'S CASH OF $665,557 AND FULLY DEPRECIATED OFFICE EQUIPMENT WERE TRANSFERRED TO THE GENESEO FOUNDATION, INC. BY JUNE 30, 2016 AND THE REMAINING $7 WAS TRANSFERRED ON JULY 6, 2016. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT 3,497. CURRENT YEAR ACTVITY IN 100% INTEREST IN DELEHANTY ANN M U/W TRUST -24,178. BEGINNING OF YEAR NET ASSET VALUE OF THE FOUNDATION'S 100% INTEREST IN DELEHANTY ANN M U/W TRUST TAXED AS A PRIVATE FOUNDATION 461,985. FORM 990, PART XI, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS. 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