2017-05-15T15:04:05-05:00 2016-06-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2015-07-01 237078461 University of Louisville Foundation Inc UNIV 5028525406 215 Central Avenue 304 Louisville KY 40208 Jason Tomlinson CFO & Assistant Treasurer 2017-05-11 true Rachel Spurlock P00520729 5023263996 2015 2021-01-29 14:40:06Z JASON TOMLINSON 215 Central Avenue Louisville KY 40208 265440671 false X www.louisvillefoundation.org X 1970 KY THE UNIVERSITY OF LOUISVILLE FOUNDATION (FOUNDATION) SUPPORTS THE UNIVERSITY OF LOUISVILLE (UNIVERSITY) IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. 14 13 20 13 2179084 -3250149 49350665 54953917 0 19944131 17381300 -2753899 -1279582 66540897 71055635 88031071 135091559 0 6950171 3330816 0 0 9352567 14257560 104333809 152679935 -37792912 -81624300 999507630 870000371 145885242 118353941 853622388 751646430 THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. false false 146227740 135091559 1037629 THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. THE FOUNDATION HELPS KEEP THE UNIVERSITY IN A LEADERSHIP POSITION FOR RESEARCH OF ALL KINDS, WHETHER THAT MEANS SUPPORTING ONE OF THE COUNTRY'S FINEST CANCER TREATMENT AND RESEARCH INSTITUTIONS OR ENSURING MEDICAL PROFESSIONALS RECEIVE WORLD-CLASS TRAINING IN EMERGENCY PREPAREDNESS. THE FOUNDATION MAKES THE UNIVERSITY MORE POWERFUL EVERY DAY BY PROVIDING TALENTED RESEARCHERS WITH THE RESOURCES NECESSARY TO MAKE BREAKTHROUGHS THAT MATTER. AS PUBLIC FINANCIAL SUPPORT FOR HIGHER EDUCATION HAS DECLINED AND THE COST CONTINUES TO INCREASE, THE FOUNDATION IS WORKING TO ENSURE THE DEFICIT IN FUNDING IS MET SO THAT STUDENTS CAN CONTINUE TO BECOME ACADEMICS, ATHLETES AND CITIZENS OF THE COMMUNITY. THIS IS WHY THE FOUNDATION ENCOURAGES SCHOLARSHIP PROGRAMS THAT SERVE BOTH FINANCIAL AND ENRICHMENT PURPOSES. THE FOUNDATION IS COMMITTED TO THE COMMUNITY AND ENCOURAGES THE UNIVERSITY TO PROVIDE SERVICE AND OUTREACH. UNIVERSITY STUDENTS DONATE MORE THAN 200,000 HOURS OF SERVICE EVERY YEAR AND RAISE THOUSANDS OF DOLLARS FOR LOCAL CHARITIES AND ORGANIZATIONS. THE FOUNDATION INVESTS IN COMMUNITY PROGRAMS AND PARTNERSHIPS, INCLUDING THOSE FOR MILITARY FAMILIES AND YOUNG ENTREPRENEURS. 146227740 true true false false false false false false true true true true false true true true false true false false true false false false false false false true false true false false false false false false false false true true false false true true true true true false true 59 10 true 20 true true true false false false false false false false false false X 14 13 false false false false false false false true true false false true true true true true true true true true true KY X X Jason Tomlinson 5028525406 215 Central Avenue Suite 304 Louisville KY 40208 Dr James R Ramsey President 12.0 3.0 X X 1521400 0 237500 Robert Curtis Hughes MD Chairman 0.5 1.5 X X 0 0 0 Joyce Hagen Vice Chair 0.5 1.5 X X 0 0 0 Ulysses L Bridgeman Jr Treasurer 0.5 1.5 X X 0 0 0 Frank Weisberg Secretary 0.5 1.5 X X 0 0 0 Dr William Selvidge Director 0.5 0.5 X 0 0 0 Jonathan Blue Director 0.5 0.5 X 0 0 0 Laurence Benz Director 0.5 0.5 X 0 0 0 Rebecca Jackson Director (until 1/28/2016) 0.5 0.5 X 0 0 0 Frank Minnifield Director 0.5 0.5 X 0 0 0 Brucie Moore JD Director 0.5 0.5 X 0 0 0 Charles Denny Director 0.5 0.5 X 0 0 0 Dr Salem George Director 0.5 0.5 X 0 0 0 Margaret Handmaker Director 0.5 0.5 X 0 0 0 Dr Mark Lynn Director 0.5 0.5 X 0 0 0 Shirley C Willihnganz PhD Executive Vice President (Until 10/1/15) 9.0 1.0 X 662125 0 0 Kathleen M Smith Assistant Secretary 8.0 6.0 X 357584 51100 83333 JASON Tomlinson CFO/Assistant Treasurer 15.0 25.0 X 260226 41766 0 Neville G Pinto PhD Executive Vice President (as of 10/1/2015) 13.0 5.0 X 0 0 0 Thomas M Jurich Athletic Director (ULAA) 1.0 0 X 259756 0 678571 Vickie Yates Brown Glisson President/CEO - Nucleus (until 2/29/2016) 35.0 5.0 X 339197 0 0 Ronald Kevin Miller Exec. Senior Assoc. Athletic Director (ULAA) 1.0 0 X 139998 0 0 Dr Donald M Miller Director, James Graham Brown Cancer Center 5.0 0 X 228530 0 0 3768816 92866 999404 8 false true false CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT MANAGEMENT 1263262 EXTREME PROPERTY MANAGEMENT LLC 6300 POPLAR TREE CT SUITE A LOUISVILLE KY 40228 PROPERTY MANAGEMENT 536890 STITES AND HARBISON PLLC 400 WEST MARKET ST SUITE 1800 LOUISVILLE KY 40202 LEGAL CONSULTING 329956 FROST BROWN TODD 400 WEST MARKET ST SUITE 3200 LOUISVILLE KY 40202 LEGAL CONSULTING 233043 SANDS CAPITAL MANAGEMENT LLC 1011 WILSON BLVD SUITE 2300 ARLINGTON VA 22209 INVESTMENT MANAGEMENT 185511 7 X 54953917 9393388 54953917 0 0 0 0 0 9713368 9713368 1895406 6391701 -4496295 0 -4496295 -4496295 195661267 187993335 7667932 0 7667932 7667932 GOLF COURSE REVENUE 900099 2179084 2179084 PROFESSIONAL FEES AND SERVICES 611710 750874 750874 ACTUARIAL LOSS ON ANNUITY AND TRUST OBLIGATIONS 525990 171291 171291 115464 115464 0 0 3216713 71055635 1037629 2179084 12885005 135091559 135091559 1148976 1148976 1233423 149467 1083956 22024 17037 4987 926393 11941 914452 1020052 1020052 127244 127244 1271406 1271406 513545 430818 82727 0 3114009 3069502 44507 31762 31762 30882 30882 1094531 286291 808240 125070 124733 337 3222786 3133558 89228 351436 20864 330572 69979 69979 CHANGE IN PLEDGE RESERVE 951118 951118 ANNUITANT PAYMENTS 747158 747158 CATERING 539107 539107 INSTRUCTIONAL & TRAINING 46365 37296 9069 1001110 884992 116118 0 152679935 146227740 6452195 0 4076 800 20140328 5343118 33913077 39204211 2662359 361662 0 0 42817022 45225202 127820 104645 248957 439080 59642239 23066329 113038499 36575910 118795933 114689085 595346875 526079029 0 72412684 101977629 999507630 870000371 4643115 2171238 7034392 5149365 37657073 34187239 63930940 39930940 32619722 36915159 145885242 118353941 X 262484053 24716757 147607623 277411534 443530712 449518139 853622388 751646430 999507630 870000371 X -81624300 -20262526 1073510 -1162642 X false true X true false X 55949088 39479546 50246147 49350665 54953917 249979363 0 0 55949088 39479546 50246147 49350665 54953917 249979363 18410401 231568962 12425364 9994902 14950064 16781318 11608775 65760423 0 0 0 0 0 0 0 0 0 0 0 315739786 3021233 0.7334 0.7211 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 770851166 8028257 -7423307 52125881 11177342 708152893 818284478 19926930 -18366293 7587144 31792235 9614570 770851166 734532070 13126927 118951849 7867804 31670304 8788260 818284478 692465964 14975035 67557303 7966865 23280375 9218992 734532070 739226249 12102614 -22742518 6729819 21996263 7394299 692465964 0.0524 0.6083 0.3393 true false 11830620 11830620 21368625 3080252 18288373 16663153 13390167 3272986 9779841 6595910 3183931 36575910 Marketable Alternatives 100172046 F Miscellaneous Investments 1737652 C Equity Method Investments -1148467 C Investment in Partnerships 425317798 F 526079029 Other Assets Intercompany Receivables 51179832 Funds Held in Trust by Others 50797797 101977629 Due to University of Louisville 21768558 Deferred Compensation 9027252 Annuities and Trusts Payable 4183349 Other Long-term Liabilities Deposits Guarantee Liability 1936000 36915159 X Schedule D, Part IV, Line 2b Explanation of escrow agreement The Foundation is the custodian of funds owned by the University of Louisville Athletics Association (Association). The Association is a separate corporation organized for the purpose of promoting the intercollegiate athletic activities of the University of Louisville. The Foundation serves in an agency capacity and invests funds on behalf of the Association based on a formal trust agreement. As of June 30, 2016, the Foundation held approximately $25.9 million for the Association's investment purposes. During the year ended June 30, 2005, the Foundation entered into an agreement with Jewish Hospital & St. Mary's Healthcare, Inc. (Jewish Hospital) whereby the Foundation serves in an agency capacity to invest funds on behalf of Jewish Hospital. Jewish Hospital is a separate corporation organized for the purpose of providing healthcare services. As of June 30, 2016, the Foundation held approximately $8.0 million for Jewish Hospital's investment purposes. During the year ended June 30, 2011, the Foundation was the recipient of endowed funds, the income of which shall be used in support of the Louisville Orchestra. As of June 30, 2016, the Foundation held approximately $0.2 million for the benefit of the Louisville Orchestra. The Foundation, acting in an agent capacity, does not reflect earnings on investments held in trust for others in its revenues as these earnings are distributed to the owners of the funds. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF THE FOUNDATION'S ENDOWMENTS IS TO SUPPORT THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS CITIZENS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE EXEMPTING IT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION FILES TAX RETURNS IN THE US FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO US FEDERAL EXAMINATION BY TAX AUTHORITIES PRIOR TO FISCAL YEAR 2012. Central America and the Caribbean 0 0 Investments 132820340 Europe (Including Iceland and Greenland) 0 0 Investments 4265839 0 0 0 0 0 0 137086179 0 137086179 true false true true true false true UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 472373203 501(C)(3) 37582080 FMV LLC AND PARTNERSHIP MEMBERSHIP INTERESTS AND REAL PROPERTY GENERAL SUPPORT UNIVERSITY OF LOUISVILLE 2301 S 3RD STREET LOUISVILLE KY 40208 611014882 Section 115 97509479 GENERAL SUPPORT 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The organization has been designated by the University of Louisville to receive funds derived from gifts and other sources. As guided by its Board of Directors, the organization transfers funds to the University in satisfaction of donor restrictions. X X true true X X X false true false false false false false false false Dr James R Ramsey President 303660 0 0 0 1217740 0 237500 0 0 0 1758900 0 1212262 0 Shirley C Willihnganz PhD Executive Vice President (Until 10/1/15) 51839 0 0 0 610286 0 0 0 0 0 662125 0 598809 0 Kathleen M Smith Assistant Secretary 47067 51100 0 0 310517 0 83333 0 0 0 440917 51100 263253 0 JASON Tomlinson CFO/Assistant Treasurer 211600 41766 0 0 48626 0 0 0 0 0 260226 41766 0 0 Thomas M Jurich Athletic Director (ULAA) 259756 0 0 0 0 0 678571 0 0 0 938327 0 0 0 Vickie Yates Brown Glisson President/CEO - Nucleus (until 2/29/2016) 339197 0 0 0 0 0 0 0 0 0 339197 0 0 0 Dr Donald M Miller Director, James Graham Brown Cancer Center 0 0 0 0 228530 0 0 0 0 0 228530 0 228530 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Dr. James Ramsey, Dr. Shirley Willihnganz, Kathleen Smith and Dr. Donald Miller were provided tax gross-up payments relating to a Section 457(f) nonqualified deferred compensation plan. These gross-ups were calculated and payable whenever as contributed under the plan were vested and became payable during 2015. All tax gross-ups were reported and taxed accordingly. Additionally, Dr. James Ramsey is provided tax gross-ups relating to premiums paid by the organization for a long-term care insurance benefit and a supplemental disability insurance benefit. These gross-ups are taxed accordingly. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Country club dues are paid on behalf of Dr. James Ramsey. Membership is used to conduct the business of the organization. Logs are required to determine taxable compensation from country club dues in the event that any of the use is personal. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE FOLLOWING AMOUNTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WERE PAID OR VESTED BY THE FOUNDATION DURING CALENDAR YEAR 2015: DR. JAMES RAMSEY - $1,212,262 KATHLEEN SMITH - $263,253 DONALD MILLER - $228,530 PAYOUTS OF DEFERRED AMOUNTS INCLUDE TAX GROSS-UPS PAID BY THE FOUNDATION PURSUANT TO THE INDIVIDUAL'S EMPLOYMENT CONTRACT WITH THE FOUNDATION. IN ADDITION TO THE ABOVE, DEFERRED COMPENSATION WAS ACCRUED BY THE FOUNDATION ON BEHALF OF THE FOLLOWING INDIVIDUALS DURING THE CALENDAR YEAR: DR. JAMES RAMSEY - $237,500 KATHLEEN SMITH - $83,333 THOMAS JURICH - $678,571 THE COMPENSATION VESTS ON FUTURE DATES PROVIDED THE INDIVIDUALS REMAIN EMPLOYED ON THOSE VESTING DATES. X 7 537125 Market value X 210527 Other X 1689 Other X 1 7000000 Market value X 4 8128 Other - DONOR VALUE X EQUIPMENT 15 1533330 Other - DONOR VALUE X INSTRUMENTS 5 9323 Other - DONOR VALUE X MISCELLANEOUS 21 93266 Other - DONOR VALUE 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions The Foundation occasionally uses real estate agents to sell real property and professional art dealers to sell artwork. Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - NUMBER OF CONTRIBUTIONS Books and publications - NUMBER OF CONTRIBUTIONS Clothing and household goods - NUMBER OF CONTRIBUTIONS Real estate - Commercial - NUMBER OF CONTRIBUTIONS Food inventory - NUMBER OF CONTRIBUTIONS Other - EQUIPMENT NUMBER OF CONTRIBUTIONS Other - INSTRUMENTS NUMBER OF CONTRIBUTIONS Other - MISCELLANEOUS NUMBER OF CONTRIBUTIONS Form 990, Part V, Line 2b EMPLOYMENT TAX RETURNS THE ORGANIZATION'S COMMON PAYMASTER, THE UNIVERSITY OF LOUISVILLE, FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE ORGANIZATION. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consists of five individuals all of whom are Directors of the University of Louisville Foundation, Inc. The Executive Committee may have and may exercise all of the authority of the Board, but may not have the authority of the Board in reference to amending, altering, or repealing the organization's By-Laws; electing, altering or removing any member of the Executive Committee itself nor any Director or officer of the organization; amending or restating the Articles of Incorporation; adopting a plan of merger, or adopting a plan of consolidation, with another corporation; authorizing the sale, lease, exchange or mortgage of substantially all of the property and assets of the organization; authorizing the voluntary dissolution of the organization or revoking proceedings therefor; adopting a plan for the distribution of the assets of the organization or amending, altering, or repealing any resolution of the Board which by its terms provides that it shall not be amended, altered or repealed by such Committee; or doing any other act forbidden by law or by the Articles of Incorporation. Form 990, Part VI, Line 11b Review of form 990 by governing body FOUNDATION FINANCE PERSONNEL AND AN OUTSIDE FIRM PREPARED THE RETURN. A COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy If an item is presented to the Board of Directors (or any other policy board) for action, e.g., purchase of property, merging with another entity, buying services, etc., the Board member will disclose his or her possible conflict of interest and must recuse himself or herself from voting. The Board member also avoids participating in any decision or advocating for any decision of the Board. In some circumstances, e.g., when the conflict of the Board member places the Board member in competition with the University, the Board member will leave the board meeting during discussion or update on the action. Before any meeting of the various boards, an agenda is circulated to each member or director with descriptions of the action items. This allows sufficient time for any board member or director to alert the board about a potential conflict of interest. Past practice includes written disclosure by the board member outlining: (1) that a conflict of interest may exist; (2) the nature and extent of the conflict; and (3) the description and potential benefit, direct or indirect, to the member of the board. This information will be supplied to legal counsel and the entire board ahead of the meeting, and a copy of the information will be maintained in the board member's file. Form 990, Part VI, Line 15a Process to establish compensation of top management official The process for determining compensation of the organization's top management official involved all of the following elements: - Data gathering and analysis of compensation at comparably sized organizations along with benchmarking against other qualified officials in similarly situated positions; - Review and approval by an independent Personnel Committee; - Review and approval by the independent Board of Directors of the organization pursuant to feedback from the Personnel Committee; and - Contemporaneous documentation of the compensation determination process by the Personnel Committee and the Board of Directors in each body's respective minutes. The above process was used in 2015. Form 990, Part VI, Line 15b Process to establish compensation of other employees The officers receiving compensation through the Foundation were compensated through the board personnel committee. Their initial salaries and any subsequent adjustments were based on a study of comparable compensation for similarly qualified persons in comparable positions at similar organization. Any adjustments to salary also met the salary increase policy of University of Louisville. This process was last undertaken for calendar year 2015. Form 990, Part VI, Line 19 Required documents available to the public The organization's financial statements, Forms 990, conflict of interest policy, non-retaliation policy, document integrity policy, and whistleblower policy are available at www.louisvillefoundation.org. All governing documents are available upon request. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue MISCELLANEOUS - Total Revenue: 115464, Related or Exempt Function Revenue: 115464, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENT In prior years, certain gift revenues were reflected in the Foundation's consolidated financial statements in unrestricted and temporarily restricted net assets, rather than in permanently restricted net assets, which also impacted the related contributions receivable and satisfaction of program restrictions. In addition, certain amounts related to depreciation, capital asset impairment, equity-method investments and deferred revenues were improperly calculated. Underwater endowment investments were not reclassified from temporarily restricted to unrestricted net assets. Form 990, Part XI, Line 9 OTHER CHANGES - PRESENT VALUE DISCOUNT THIS IS THE CHANGE IN THE PRESENT VALUE DISCOUNT THAT IS A COMPONENT OF THE AWARD LIABILITY. THE LIABILITY IS EQUAL TO THE PRESENT VALUE OF FUTURE AWARDS TO BE PAID. Form 990, Part XI, Line 9 OTHER CHANGES - ACCRETION EXPENSE THIS IS THE EXPENSE SIDE OF THE ASSET RETIREMENT OBLIGATION (ARO) WHICH REPRESENTS THE PRESENT VALUE OF FUTURE ASBESTOS ABATEMENT COSTS ATTRIBUTABLE TO FOUNDATION PROPERTIES. THE ARO WAS ELIMINATED AS A RESULT OF THE FOUNDATION TRANSFERRING THE PROPERTIES. Form 990, Part XI, Line 9 OTHER CHANGES - LOSS CONTINGENCY THIS IS AN ESTIMATED LOSS TO BE ACCRUED WHEN INFORMATION IS AVAILABLE PRIOR TO ISSUANCE OF FINANCIAL STATEMENTS INDICATING THAT IT IS PROBABLE THAT A LIABILITY HAD BEEN INCURRED AT THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. Form 990, Part XI, Line 9 Other changes in net assets or fund balances PRESENT VALUE DISCOUT - 488358; ACCRETION EXPENSE - 285000; LOSS CONTINGENCY - -1936000; UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 263416894 REAL ESTATE KY -2925178 8581395 UNIVERSITY OF LOUISVILLE FOUNDATION INC METACYTE EQUITY HOLDINGS LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 HOLDING COMPANY (INACTIVE) KY 0 0 UNIVERSITY OF LOUISVILLE FOUNDATION INC MINERVA-LOUISVILLE LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 455604157 ADMINISTRATIVE (INACTIVE) KY 0 0 UNIVERSITY OF LOUISVILLE FOUNDATION INC CCG - LOUISVILLE LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 463848960 GOLF COURSE KY 4176975 10201318 UNIVERSITY OF LOUISVILLE FOUNDATION INC DCPA LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 472587366 ADMINISTRATIVE KY 3500000 2456175 UNIVERSITY OF LOUISVILLE FOUNDATION INC UNIVERSITY HOLDINGS INC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 262258318 MANAGEMENT SERVICES KY 501(c)(3 Type I UNIVERSITY OF LOUISVILLE FOUNDATION INC true ULH INC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 310926171 STUDENT HOUSING KY 501(c)(3 Type I UNIVERSITY OF LOUISVILLE FOUNDATION INC true THE NUCLEUS REAL PROPERTIES INC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 463070346 REAL ESTATE KY 501(c)(3 Type I UNIVERSITY OF LOUISVILLE FOUNDATION INC true CAMPUS ONE LLC 600 N HURSTBOURNE PKWY SUITE 300 LOUISVILLE KY 40222 273900405 REAL ESTATE KY NA N/A METACYTE BUSINESS LAB LLC 103 GRAWEMEYER HALL LOUISVILLE KY 40292 161657492 RESEARCH KY UNIVERSITY OF LOUISVILLE FOUNDATION INC C Corporation 0 0 false CHARITABLE REMAINDER TRUSTS (14) INVESTMENTS KY UNIVERSITY OF LOUISVILLE FOUNDATION INC Trust false true true false true false false false false false false false false false false true false false false false UNIVERSITY HOLDINGS INC A 2702994 AMOUNT ACCRUED ULH INC A 537044 AMOUNT ACCRUED THE NUCLEUS REAL PROPERTIES INC A 161600 AMOUNT ACCRUED CAMPUS ONE LLC B 142800 CAPITAL CONTRIBUTED UNIVERSITY HOLDINGS INC D 42878996 LOAN BALANCE AND INTEREST ACCRUED THE NUCLEUS REAL PROPERTIES INC D 16214837 LOAN BALANCE AND INTEREST ACCRUED ULH INC D 13539674 LOAN BALANCE AND INTEREST ACCRUED Schedule R, Part II RELATED TAX-EXEMPT ORGANIZATIONS THE ORGANIZATIONS LISTED IN PART II REFLECT THE RELATED TAX-EXEMPT ORGANIZATIONS AS OF JUNE 30, 2016. THE MEMBER INTEREST IN THE BELOW TAX-EXEMPT ORGANIZATION WAS TRANSFERRED TO AN UNRELATED ORGANIZATION DURING FY16. AS SUCH, SCHEDULE R, PART II, REFLECTS THOSE TAX-EXEMPT ORGANIZATIONS BY WHICH THE UNIVERSITY OF LOUISVILLE FOUNDATION WAS SOLE MEMBER AS OF JUNE 30, 2016. LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION (61-1320759) 215 CENTRAL AVENUE, SUITE 304 LOUISVILLE, KY 40208 Schedule R, Part I DISREGARDED ENTITIES THE ORGANIZATIONS LISTED IN PART I REFLECT THE DISREGARDED ENTITIES AS OF JUNE 30, 2016. The member interest in the below SMLLCs was transferred to an unrelated organization during FY16. As such, Schedule R, Part I, reflects those disregarded entities by which the University of Louisville Foundation was sole member as of June 30, 2016. KYT-LOUISVILLE, LLC (26-4771802) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 AAF-LOUISVILLE, LLC (DBA CARDINAL STATION) (26-3061274) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 PHOENIX PLACE-LOUISVILLE, LLC (27-0264868) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 NUCLEUS: KENTUCKY'S LIFE SCIENCES AND INNOVATION CENTER, LLC (26-3416972) 215 CENTRAL AVE, SUITE 304 LOUISVILLE, KY 40208 Schedule R, Part III RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP INFORMATION REPORTED IN PART III IS REFLECTED AS OF JUNE 30, 2016. As of March 2016, the Foundation transferred its ownership interest in Campus Two, LLC and is therefore, no longer reportable in Schedule R, Part III. CAMPUS TWO, LLC (45-5319715) 215 CENTRAL AVENUE, SUITE 304 LOUISVILLE, KY 40208