2017-01-16T14:25:35-06:00 2016-06-30 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2015-07-01 980477422 THE CHINESE UNIVERSITY OF HONG KONG FOUNDATION INC C/O GMA FOUNDATIONS CHIN 6174267080 77 SUMMER ST NO 800 BOSTON MA 021101006 SALOME YP LAM CLERK 6174267080 2017-01-16 1 ALFONSO PERILLO P00950491 6172276161 2017-01-16 2015 2021-01-29 14:40:06Z CHIEN LEE 77 SUMMER ST NO 800 BOSTON MA 021101006 1183406 0 X N/A X 2005 MA TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 4 4 0 4 0 0 644764 1183366 0 0 13 40 0 0 644777 1183406 507781 1399400 0 0 0 0 0 0 0 28993 34646 536774 1434046 108003 -250640 921415 674530 15387 19142 906028 655388 TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 0 0 1399400 1399400 TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 1399400 1 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MA NY CA NJ IL X GMA FOUNDATIONS 6174267080 77 SUMMER STREET 8TH FLOOR BOSTON MA 021101006 X SHING-TUNG YAU DIRECTOR 0.10 X 0 0 0 CHIEN LEE PRESIDENT/DIRECTOR 0.10 X X 0 0 0 BENJAMIN W WAH TREASURER/DIRECTOR 0.50 X X 0 0 0 JOSEPH JY SUNG DIRECTOR 0.10 X 0 0 0 SALOME YP LAM CLERK 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1183366 64516 1183366 40 40 1183406 0 0 40 1399400 1399400 3675 3675 20109 20109 1000 1000 692 692 5171 5171 CREDIT CARD MERCHANT FE 2504 2504 FILING FEES 1495 1495 1434046 1399400 34646 0 33935 452530 2718 2722 3232 3232 881530 216046 921415 674530 15387 19142 15387 19142 X 905928 244088 100 411300 906028 655388 921415 674530 -250640 0 X 0 1 X 0 0 X 478173 1357860 845630 644764 1183366 4509793 478173 1357860 845630 644764 1183366 4509793 2672719 1837074 63182 3531 104 13 40 66870 4576663 0.40140 0.35200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64516 216046 X 0 100 1080600 669400 411300 95 507786 507781 100 9680 721098 4044 734727 95 5000855 1357760 2249 1807227 4543957 9680 4576393 478073 226866 21178 259299 5000855 1.00000 0 0 0 WORKS OF ART 151530 HISTORICAL TREASURE 64516 216046 1215961 32555 32555 1183406 0 1183406 1466601 32555 32555 1434046 0 1434046 PART III, LINE 4: WORKS OF ART ARE COMPRISED OF A PAINTING THAT WAS DONATED IN 2014, A PAINTING THAT WAS DONATED IN 2015 AND THREE ANCIENT CHINESE RUBBINGS DONATED TO THE ORGANIZATION IN DECEMBER 2015. THE FAIR VALUES OF THE TWP PAINTINGS ($151,530) AND THE FAIR VALUE OF THE THREE RUBBINGS ($64,516) WERE DERIVED FROM APPRAISALS CONDUCTED AT THE TIME OF THE DONATIONS OR SALES RECEIPTS FOR WORKS OF ART PURCHASED JUST PRIOR TO DONATION. THE PAINTINGS ACQUIRED IN 2014 AND 2015 ARE ON LOAN TO THE UNIVERSITY AND ARE TEMPORARILY BEING STORED AT THE UNIVERSITY'S ART MUSEUM FOR RESEARCH PURPOSES, PURSUANT TO A LOAN AGREEMENT, WHOSE TERM EXPIRES IN APRIL, 2017 AND JANUARY 2018, RESPECTIVELY. THE THREE ANCIENT RUBBINGS ACQUIRED IN DECEMBER 2015 ARE ALSO ON LOAN TO THE UNIVERSITY AND ARE TEMPORARILY BEING STORED AT THE UNIVERSITY'S ART MUSEUM FOR RESEARCH PURPOSES, PURSUANT TO A LOAN AGREEMENT, WHOSE TERM EXPIRES IN DECEMBER 2018. PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS WERE AVAILABLE TO SUPPORT THE FOLLOWING PROGRAMS AT JUNE 30, 2016: SCHOLARSHIPS $ 6,300 SUMMER PROGRAM AT CHUNG CHI COLLEGE $400,000 OTHER PROGRAMS $ 5,000 TOTAL TEMP. RESTRICTED NET ASSETS $411,300 0 EAST ASIA AND THE PACIFIC - 0 0 GRANTMAKING TO THE CHINESE UNIVERSITY OF HONG KONG N/A 1399400 0 0 0 0 0 0 1399400 0 1399400 EAST ASIA AND THE PACIFIC - SUPPORT THE ACTIVITIES OF THE CHINESE UNIVERSITY OF HONG KONG. 669400 CHECK 730000 FOUR PAINTINGS THAT WERE ORIGINALLY DONATED TO THE ORGANIZATION IN 2008 ($130,000) AND AN ANCIENT CHINESE BRONZE BASIN THAT WAS DONATED IN 2011 ($600,000) - VALUES DERIVED FROM APPRAISALS CONDUCTED AT THE TIME OF THE DONATIONS OR SALES RECEIPTS FOR WORKS OF ART PURCHASED JUST PRIOR TO ORIGINAL RECEIPTS. THE PAINTINGS AND THE BASIN WERE GRANTED BY THE ORGANIZATION TO SUPPORT THE CONTINUED EDUCATIONAL AND RESEARCH PURPOSE AT THE ARTS MUSEUM AT THE CHINESE UNIVERSITY OF HONG KONG IN DECEMBER 2015. APPRAISAL AT TIME OF DONATION 1 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION ACTS AS A "FRIENDS OF ORGANIZATION THAT SUPPORTS THE CHINESE UNIVERSITY OF HONG KONG, WHICH IS A FOREIGN UNIVERSITY. PART I, LINE 3: THE FOUNDATION USES THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH U.S. GAAP TO ACCOUNT FOR ITS EXPENDITURES. X 1 64516 INDEPENDENT APPRAISAL 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS ONLY 4 BOARD MEMBERS THEREFORE THERE ARE NO SUCH COMMITTEES. ALL DECISIONS ARE MADE AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 WHEN EDELSTEIN & COMPANY, THE AUDITOR OF THE FOUNDATION, HAS COMPLETED THE FORM 990, THE COMPLETED FORM WILL BE SENT TO GMA AND THE FOUNDATION'S CLERK TO CHECK THE ACCURACY OF THE FIGURES AND CORRECTNESS OF INFORMATION. THE CLERK WILL THEN DISTRIBUTE THE COMPLETED FORM TO THE CHAIRMAN OF THE BOARD FOR REVIEW AND SIGNATURE ON BEHALF OF THE BOARD OF DIRECTORS BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS ADOPTED A POLICY ON CONFLICTS OF INTEREST SETTING FORTH STANDARDS OF CONDUCT EXPECTED BY THE DIRECTORS AND OFFICERS OF THE FOUNDATION. THE FOUNDATION ALSO DEFINES THE ACTIVITIES THAT MAY GIVE RISE TO A POSSIBLE CONFLICT OF INTEREST AND REMINDS EACH AND EVERY DIRECTOR AND OFFICER ACCORDINGLY. EACH DIRECTOR OR OFFICER IS REQUESTED TO CONFIRM COMPLIANCE OF THIS POLICY BY SIGNING A STATEMENT ANNUALLY. THE BOARD OF DIRECTORS IS THE GOVERNING BODY TO ASSESS AND DECIDE IF A CONFLICT OF INTEREST EXISTS. SO FAR, THE BOARD HAS NOT DISCOVERED ANY TRANSACTIONS THAT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION.