2017-01-11T12:46:14-06:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 388 S MAIN STREET SUITE 403 AKRON OH 44311 990 2015-07-01 346575496 THE UNIVERSITY OF AKRON FOUNDATION UNIV 3309726388 302 BUCHTEL COMMON AKRON OH 443256220 SARAH CHAPMAN ASSISTANT TREASURER 3309726388 2017-01-10 1 LISA HILLING P01624111 3303760100 2015 2021-01-29 14:40:06Z KIMBERLY COLE 302 BUCHTEL COMMON AKRON OH 443256220 103102331 0 X HTTP://WWW.UAKRON.EDU/TREASURER/UAF.DOT X 1966 OH THE MISSION OF THE UNIVERSITY OF AKRON FOUNDATION (UAF) IS TO OPERATE EXCLUSIVELY FOR THE (SEE BELOW) BENEFIT OF THE UNIVERSITY OF AKRON (UA), INCLUDING BUT NOT LIMITED TO RECEIVING, HOLDING, INVESTING, AND ADMINISTERING PROPERTY FOR THE BENEFIT OF UA, AND BY MAKING EXPENDITURES TO OR FOR THE BENEFIT OF UA. 50 48 0 400 0 23504 10536595 17295639 0 0 10131881 5193218 -1185 -49064 20667291 22439793 12973621 11999910 0 0 0 0 0 0 227090 5332387 4799936 18306008 16799846 2361283 5639947 192949975 190699435 18944280 17523381 174005695 173176054 X THE MISSION OF THE UNIVERSITY OF AKRON FOUNDATION (UAF) IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF AKRON (UA), INCLUDING BUT NOT LIMITED TO RECEIVING, HOLDING, INVESTING, AND ADMINISTERING PROPERTY FOR THE BENEFIT OF UA, AND BY MAKING (SEE SCHEDULE O)EXPENDITURES TO OR FOR THE BENEFIT OF UA. THE FOUNDATION IS A VITAL PART OF SUPPORTING UA'S GOAL IN BECOMING THE LEADING PUBLIC UNIVERSITY IN NORTHEAST OHIO. 0 0 4357089 4357089 0 ACADEMIC SUPPORT: UAF PROVIDES MANY OPPORTUNITIES FOR STUDENTS AND FACULTY TO GROW AND EXCEL THROUGH ACADEMIC SUPPORT. DURING THE CURRENT FISCAL YEAR, THE FOUNDATION HAS HELPED FUND 17 FELLOWSHIPS, 17 LECTURESHIPS, 9 ACADEMIC CHAIRS, 8 PROFESSORSHIPS, OVER 70 COLLEGES AND DEPARTMENTS, 2 PRE-COLLEGE PROGRAMS, THE UNIVERSITY PRESS, 12 INTERNSHIPS, 2 CENTERS, THE HISTORY OF PSYCHOLOGY ARCHIVE, AND 4 INSTITUTES AT UA. 3868359 3868359 0 PHYSICAL IMPROVEMENTS: UAF CONTINUES TO SUPPORT UA'S CAMPUS ENHANCEMENT PROGRAM BY HELPING TO FUND PHYSICAL IMPROVEMENTS. DURING THE CURRENT FISCAL YEAR, THIS INCLUDED CONTINUING SUPPORT FOR A BUILDING FOR THE COLLEGE OF ENGINEERING, A FOOTBALL STADIUM, A SOCCER STADIUM, GREENSPACE, VETERANS LOUNGE AND BIOLOGY DEPARTMENT WETLANDS. ALSO IN FISCAL 2016, THE FOUNDATION PROVIDED SUPPORT FOR THE RENOVATION OF THE UNIVERSITY'S RESIDENCE AND REPAIRS TO HOWER HOUSE, A HISTORIC MANSION; BOTH OWNED BY UA. 3255764 3255764 0 STUDENT FINANCIAL AID: ONE OF THE FOUNDATION'S OBJECTIVES IS TO ASSIST UA WITH FUNDING FOR STUDENT FINANCIAL AID. IN FISCAL 2015-2016, THE FOUNDATION PROVIDED FUNDING FOR MORE THAN 645 SCHOLARSHIPS, GRANTS AND LOANS HOUSED WITHIN THE UA. 518698 518698 0 AUXILIARY PROGRAMS: THE UNIVERSITY OF AKRON FOUNDATION PROVIDED DONOR-DESIGNATED FINANCIAL ASSISTANCE TO THE ATHLETIC PROGRAM, THE PERFORMING ARTS HALL AT THE UNIVERSITY OF AKRON AND HOWER HOUSE, A HISTORIC BUILDING OWNED BY THE UNIVERSITY OF AKRON. 518698 518698 0 11999910 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 32 0 0 1 1 0 0 0 0 0 0 0 0 0 X 50 48 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 OH X SARAH CHAPMAN 3309726388 302 BUCHTEL COMMON AKRON OH 443256220 X LLOYD PHILIP A DIRECTOR AND CHAIR 1.40 0.00 X X 0 0 0 COLEMAN KATHLEEN A DIRECTOR AND VICE CHAIR 1.70 0.00 X X 0 0 0 WILLIAMS PAMELA S DIRECTOR AND SECRETARY 0.80 0.00 X X 0 0 0 AMMONS BENJAMIN G DIRECTOR 0.80 0.00 X 0 0 0 ARNOLD MICHAEL C DIRECTOR 0.10 0.00 X 0 0 0 AUSTEN GERALD R DIRECTOR 0.10 0.00 X 0 0 0 BELGYA MARK R DIRECTOR 0.30 0.00 X 0 0 0 BEVILACQUA FRANK P DIRECTOR 0.80 0.00 X 0 0 0 BLICKLE JOHN C DIRECTOR 0.30 0.00 X 0 0 0 BRUBAKER STEVEN R DIRECTOR 0.30 0.00 X 0 0 0 BUCHHOLZER FRANCES DIRECTOR 0.30 0.00 X 0 0 0 BURG EILEEN E DIRECTOR 0.30 0.00 X 0 0 0 CAPERS CYNTHIA F DIRECTOR 0.40 0.00 X 0 0 0 CLARK MARK T DIRECTOR 0.30 0.00 X 0 0 0 COOK DEBORAH L DIRECTOR 0.30 0.00 X 0 0 0 CROWLEY MARY LYNN DIRECTOR 0.30 0.00 X 0 0 0 CRUTCHFIELD JAMES N DIRECTOR 0.30 0.00 X 0 0 0 CUMMINGS DOROTHY DIRECTOR 0.10 0.00 X 0 0 0 CUMMINGS NICHOLAS A DIRECTOR 0.10 0.00 X 0 0 0 DAVERIO JR GEORGE W DIRECTOR 1.10 0.00 X 0 0 0 DINDO KATHRYN W DIRECTOR 0.40 0.00 X 0 0 0 ELIAS MARGARET EMERSON DIRECTOR 0.30 0.00 X 0 0 0 ELIOPOULOS EDWARD T DIRECTOR 0.10 0.00 X 0 0 0 FARRIS II GEORGE L DIRECTOR 0.30 0.00 X 0 0 0 FETH WILLIAM R DIRECTOR 0.30 0.00 X 0 0 0 GARTMAN DENNIS H DIRECTOR 0.40 0.00 X 0 0 0 GEDELIAN THOMAS E DIRECTOR 0.30 0.00 X 0 0 0 GIBARA SAMIR G DIRECTOR 0.70 0.00 X 0 0 0 HAUSER MARTIN P DIRECTOR 0.10 0.00 X 0 0 0 HETE JOSEPH C DIRECTOR 0.30 0.00 X 0 0 0 HOCHSCHWENDER J MICHAEL DIRECTOR 0.30 0.00 X 0 0 0 JAMES FRANCES M DIRECTOR 0.30 0.00 X 0 0 0 JONES SOLOMON H DIRECTOR 0.30 0.00 X 0 0 0 LEE RAYMOND K DIRECTOR 0.10 0.00 X 0 0 0 MARTIN FREDERICK W DIRECTOR 0.10 0.00 X 0 0 0 MAYNARD PHILIP H DIRECTOR 0.30 0.00 X 0 0 0 MITTEN MARK R DIRECTOR 0.10 0.00 X 0 0 0 MUSSON III IRVIN J DIRECTOR 0.30 0.00 X 0 0 0 MYERS STEPHEN E DIRECTOR 0.60 0.00 X 0 0 0 NEWMAN DIANNE R DIRECTOR 0.40 0.00 X 0 0 0 OELSCHLAGER VANITA DIRECTOR 0.30 0.00 X 0 0 0 PERRY STEPHEN A DIRECTOR 0.10 0.00 X 0 0 0 POGUE RICHARD W DIRECTOR 0.40 0.00 X 0 0 0 PULK JAMES M DIRECTOR 0.30 0.00 X 0 0 0 RYBKA JR LAWRENCE DIRECTOR 0.10 0.00 X 0 0 0 SAXON MICHAEL J DIRECTOR 0.30 0.00 X 0 0 0 SLAYMAN-GALLAGHER REBECCA DIRECTOR 0.10 0.00 X 0 0 0 SMITH DEAN E DIRECTOR 0.10 0.00 X 0 0 0 STEININGER FRANK C DIRECTOR 0.10 0.00 X 0 0 0 TAYLOR CRAIG S DIRECTOR 0.10 0.00 X 0 0 0 THEKEN RANDALL R DIRECTOR 0.10 0.00 X 0 0 0 THOMPSON PHILIP S DIRECTOR 0.30 0.00 X 0 0 0 TOOT MARLENE K DIRECTOR 0.30 0.00 X 0 0 0 VESPOLI LEILA L DIRECTOR 0.10 0.00 X 0 0 0 WAGSTAFF SUSAN S DIRECTOR 0.30 0.00 X 0 0 0 WALDMAN WILLIAM S DIRECTOR 0.30 0.00 X 0 0 0 YOUNG JR HENRY C DIRECTOR 0.30 0.00 X 0 0 0 BAUER ROLAND H EX-OFFICIO DIRECTOR 0.30 2.00 X 0 0 0 BURNS LAWRENCE EX-OFFICIO DIRECTOR 1.10 38.90 X 0 218182 49190 RAMSIER REX D EX-OFFICIO DIRECTOR 0.40 39.60 X 0 263051 57959 SCARBOROUGH SCOTT L EX-OFFICIO DIRECTOR 0.40 39.60 X 0 464019 135028 LAGUARDIA JOHN A EX-OFFICIO DIRECTOR 0.80 39.20 X 0 157665 26480 SHERMAN WILLIAM M EX-OFFICIO DIRECTOR 0.40 39.60 X 0 248934 90182 COLE KIMBERLY M INTERIM EXECUTIVE DIRECTOR 10.00 30.00 X 0 116500 23594 DUFORE TIMOTHY R EXECUTIVE DIRECTOR 10.00 30.00 X 0 216042 37583 MORTIMER NATHAN J TREASURER 4.00 36.00 X 0 230337 19911 CHAPMAN SARAH M ASSISTANT TREASURER 39.00 1.00 X 0 0 0 WINTER KIMBERLY M ASSISTANT TREASURER 39.00 1.00 X 0 70230 16548 DAVIS BRIAN E FORMER ASSISTANT TREASURER, FDN, UA ASSOC. VP 0.00 40.00 X 0 136353 20093 0 2121313 476568 0 1 1 0 ROBERT B COOPER 4475 CASTELMAINE COURT AKRON OH 443331618 SEE SCHEDULE O 144000 1 162469 483964 16649206 117168 17295639 5368238 5368238 21433 70497 -49064 -49064 -49064 80272021 145000 80405078 186963 -133057 -41963 -175020 -175020 22439793 0 0 5144154 11999910 11999910 49255 49255 22770 22770 2591568 2591568 120140 120140 6711 1677 5034 16463 16463 73 73 7835 7835 52016 52016 3282 3282 10376 10376 PAYMENTS TO ANNUITANTS 1396243 1396243 REIMB UA FOR SVCS PERF 486883 292137 194746 PUBLIC RELATIONS 30551 6811 23740 MISCELLANEOUS EXPENSES 3570 3570 2200 2200 16799846 11999910 4572846 227090 X 1318666 587651 10829259 8973300 11198978 16395412 186390 359603 12192557 35315 12335525 12157242 35279392 37318180 121349681 114519667 452084 388380 192949975 190699435 739141 446932 23034 91900 29085 28627 4901000 4861000 13252020 12094922 18944280 17523381 X 8237739 6721575 60101203 51787759 105666753 114666720 174005695 173176054 192949975 190699435 5639947 -6469588 0 X X 0 1 X 0 0 X 13216748 11551730 13291540 10536595 17295639 65892252 0 0 0 0 0 0 0 0 0 0 13216748 11551730 13291540 10536595 17295639 65892252 2520562 63371690 2439107 2756501 4518714 5851037 5368238 20933597 0 0 2407 0 0 2407 86828256 0.72990 0.73610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118655544 3148585 -3121898 2604833 1628717 1854701 112593980 126276225 2367149 -4303047 2325200 1308650 2050933 118655544 110861413 2575606 18529169 1838560 1859902 1991501 126276225 102872175 2230697 10511039 1471806 1495503 1785189 110861413 103782931 6222323 -2491284 1523990 1498249 1619556 102872175 0.00000 0.88410 0.11590 0 1 1 8641507 3326525 11968032 224525 35315 189210 12157242 THE UNIVERSITY OF AKRON FOUNDATION FUND, LP 114519667 F 114519667 ACTUARIAL LIABILITY FOR UNITRUST/ANNUITY AGREEMENTS 12019324 REFUNDABLE ADVANCES 75598 12094922 12009455 -6469588 -6469588 18479043 2591568 1369182 3960750 22439793 12839096 27061 27061 12812035 2591568 1396243 3987811 16799846 PART V, LINE 4: DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE USED AS DONORS HAVE STIPULATED OR AS THE FOUNDATION BOARD HAS DESIGNATED. THIS INCLUDES, BUT IS NOT LIMITED SCHOLARSHIPS, FELLOWSHIPS, LECTURESHIPS, ACADEMIC CHAIRS, PROFESSORSHIPS, ASSISTANCE TO THE UNIVERSITY OF AKRON COLLEGES AND DEPARTMENTS, EQUIPMENT FUNDS, CAPITAL IMPROVEMENTS, AS WELL AS SUPPORT OF THE PERFORMING ARTS HALL AND HOWER HOUSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: REMOVES EFFECTS OF SFAS 116 (ASC 958) ON CONTRIBUTIONS 1,169,720. INVESTMENT INCOME 160,667. GAIN ON SALE OF SECURITIES 53,814. OTHER CHANGES IN NET ASSETS 12,042. RECLASSIFIED CREDIT BALANCE IN EXPENSE ACCOUNT 6,824. RECLASSIFIED COMPONENT OF EXPENSE AS CONTRIBUTION INCOME -4,586. PROPERTY EXPENSES RECLASSIFIED AS RENTAL EXPENSES -70,497. PROPERTY EXPENSES RECLASSIFIED AS PROPERTY SELLING EXPENSES -11,963. RECLASSIFIED COMPONENT OF PROPRTY EXPENSE AS CONTRIBUTION INCOME 53,161. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFIED CREDIT BALANCE IN EXPENSE ACCOUNT -6,824. RECLASSIFIED COMPONENT OF EXPENSE AS CONTRIBUTION INCOME 4,586. PROPERTY EXPENSES RECLASSIFIED AS RENTAL EXPENSES 70,497. PROPERTY EXPENSES RECLASSIFIED AS PROPERTY SELLING EXPENSES 11,963. RECLASSIFIED COMPONENT OF PROPRTY EXPENSE AS CONTRIBUTION INCOME -53,161. PART XII, LINE 4B - OTHER ADJUSTMENTS: PAYMENTS TO ANNUITANTS 1,396,243. 1 THE UNIVERSITY OF AKRON 302 BUCHTEL COMMON AKRON OH 44325 346002924 501(C)(3) 11999910 SEE PART IV 1 0 PART I, LINE 2 UA IS THE SOLE BENEFICIARY OF ASSISTANCE FROM UAF. THE RESTRICTIONS DONORS PLACE ON THEIR CONTRIBUTIONS DETERMINE HOW FUNDS CAN BE USED FOR OR ON BEHALF OF UA. THE FOUNDATION REQUIRES THAT A UNIVERSITY RESTRICTED ACCOUNT BE SET UP FOR EACH DONOR RESTRICTION. THE CONTROLLER'S OFFICE AND RESPECTIVE DEPARTMENTS AT UA ARE SUPPLIED WITH COPIES OF THE DONOR AGREEMENT WHICH LISTS ANY RESTRICTIONS. THE UA ACCOUNT NUMBER IS AN ATTRIBUTE OF THE FOUNDATION'S ACCOUNT WITHIN THE FOUNDATION'S GENERAL LEDGER SYSTEM AND THE FOUNDATION'S ACCOUNT IS ALSO AN ATTRIBUTE OF THE UNIVERSITY ACCOUNT WITHIN THE UA ACCOUNTING DATABASE. THESE CORRESPONDING ATTRIBUTES ARE USED TO TRACK THAT THE FUNDS TRANSFERRED BY THE FOUNDATION ARE DEPOSITED INTO THE APPROPRIATE UNIVERSITY ACCOUNTS. THE EMPLOYEES IN THE UA CONTROLLER'S OFFICE USE THE DONOR AGREEMENTS TO CONFIRM EXPENDITURES MEET ANY DONOR RESTRICTIONS. PART II, LINE 1H THE FOUNDATION'S PURPOSE IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF UA. THE FUNDS TRANSFERRED TO UA ARE TO BE USED FOR MANY PURPOSES INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS, FELLOWSHIPS, LECTURESHIPS, INTERNSHIPS, DEPARTMENT CHAIRS, PROFESSORSHIPS, EQUIPMENT FUNDS, ASSISTANCE TO UA COLLEGES AND DEPARTMENTS, IMPROVEMENT OF THE CAMPUS LANDSCAPE, AND SUPPORT OF THE PERFORMING ARTS HALL. 1 0 0 0 0 0 0 0 0 0 BURNS LAWRENCE EX-OFFICIO DIRECTOR 0 205325 0 0 0 12857 0 39470 0 9720 0 267372 0 0 RAMSIER REX D EX-OFFICIO DIRECTOR 0 260309 0 0 0 2742 0 36827 0 21132 0 321010 0 0 SCARBOROUGH SCOTT L EX-OFFICIO DIRECTOR 0 437277 0 0 0 26742 0 113896 0 21132 0 599047 0 0 LAGUARDIA JOHN A EX-OFFICIO DIRECTOR 0 143227 0 0 0 14438 0 20410 0 6070 0 184145 0 0 SHERMAN WILLIAM M EX-OFFICIO DIRECTOR 0 232332 0 0 0 16602 0 69050 0 21132 0 339116 0 0 DUFORE TIMOTHY R EXECUTIVE DIRECTOR 0 214878 0 0 0 1164 0 30299 0 7284 0 253625 0 0 MORTIMER NATHAN J TREASURER 0 211047 0 0 0 19290 0 11623 0 8288 0 250248 0 0 DAVIS BRIAN E FORMER ASSISTANT TREASURER, FDN, UA 0 132633 0 0 0 3720 0 20004 0 89 0 156446 0 0 PART I, LINE 2 THE FOUNDATION DID NOT PROVIDE ANY OF THE ITEMS LISTED IN 1A TO OR FOR A PERSON LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. HOWEVER, IF THERE WERE SUCH EXPENSES, THE FOUNDATION'S POLICIES AND PROCEDURES MANUAL REQUIRES SUBSTANTIATION PRIOR TO ANY DISBURSEMENTS. PART I, LINE 3 THE FOUNDATION DOES NOT PROVIDE COMPENSATION TO ITS EXECUTIVE DIRECTOR OR ANY OTHER OFFICER OR DIRECTOR. X 18 117168 GIFT DATE MARKET QUOTES 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP - PHILIP A. LLOYD & JOHN C. BLICKLE; BUSINESS RELATIONSHIP - SOLOMON H. JONES, MARK R. BELGYA & SUSAN WAGSTAFF; BUSINESS RELATIONSHIP - STEVEN R. BRUBAKER & CRAIG S. TAYLOR FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE COPY OF THE FORM 990 WAS SENT TO THE FOUNDATION'S EXECUTIVE COMMITTEE IN ELECTRONIC FORM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE DIRECTORS AND OFFICERS OF THE FOUNDATION COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE QUESTIONNAIRE IS DESIGNED TO BRING TO LIGHT ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE EXECUTIVE DIRECTOR OF THE FOUNDATION REVIEWS THE QUESTIONNAIRES AND IS CHARGED WITH INFORMING THE BOARD OF POTENTIAL CONFLICTS. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING WHEN THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON WRITTEN REQUEST. PART VI, LINE 1A THE EXECUTIVE COMMITTEE OF THE FOUNDATION, BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, HAS ALL THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE FOUNDATION, EXCEPT AS SUCH AUTHORITY IS LIMITED BY STATUTE OR RESOLUTION OF THE BOARD OF DIRECTORS. ACCORDING TO THE FOUNDATION'S CODE OF REGULATIONS, THE BOARD OF DIRECTORS SHALL APPOINT AN EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT OF THE UNIVERSITY OF AKRON (UA), THE SENIOR DEVELOPMENT OFFICER OF UA, THE CHIEF ACADEMIC OFFICER OF UA, THE CHIEF FINANCIAL OFFICER OF UA, THE PRESIDENT, VICE PRESIDENT, SECRETARY, TREASURER AND EXECUTIVE DIRECTOR OF THE FOUNDATION, AND NOT LESS THAN TWO OTHER VOTING DIRECTORS WHO ARE MEMBERS OF THE COMMUNITY AT LARGE, AND WHO ARE NOT FULL-TIME EMPLOYEES OF UA OR ITS GOVERNING BOARD. DURING FISCAL 2016, ALL MEMBERS OF THE EXECUTIVE COMMITTEE MEMBERS WERE VOTING MEMBERS EXCEPT FOR THE EXECUTIVE DIRECTOR, TREASURER, AND ASSISTANT TREASURER OF THE FOUNDATION, WHO ARE NON-VOTING MEMBERS. EACH VOTING MEMBER OF THE EXECUTIVE COMMITTEE IS ALSO A VOTING MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. PART VI, LINE 13 THE FOUNDATION HAS NO EMPLOYEES, THUS ELIMINATING THE NEED FOR A WHISTLE-BLOWER POLICY. PART VI, LINE 14 THE FOUNDATION'S RECORDS ARE MAINTAINED BY EMPLOYEES OF THE UNIVERSITY OF AKRON WHO FOLLOW THE UNIVERSITY'S DOCUMENT RETENTION AND DESTRUCTION POLICY. PART VI, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ITS EXECUTIVE DIRECTOR, OFFICERS OR KEY EMPLOYEES SO NO PROCESS IS REQUIRED. PART VII, SECTION B, LINE 1C CONSULTANT TO DEVELOP AND IMPROVE BUSINESS OPPORTUNITIES PART VII, SECTION A, LINE 3 THE TERM FOR OFFICERS AND DIRECTORS FOR THE UNIVERSITY OF AKRON FOUNDATION RUNS FROM OCTOBER TO OCTOBER. AS A RESULT, THERE COULD BE MORE THAN ONE INDIVIDUAL THAT SERVED IN ANY PARTICULAR OFFICER POSITION DURING THE FISCAL YEAR. PART X, LINE 12 THE FOUNDATION'S POOLED ENDOWMENT IS INVESTED IN A PARTNERSHIP RATHER THAN DIRECTLY IN STOCKS AND BONDS. SEE SCHEDULE D, PART VII. FORM 990, PART XII, LINE 2C: THE FOUNDATION DOES NOT HAVE A SEPARATE COMMITTEE FOR AUDIT OVERSIGHT. HOWEVER, AUDIT RESULTS WERE REVIEWED WITH THE FOUNDATION BOARD OF DIRECTORS. ADDITIONALLY, SINCE IT IS A COMPONENT UNIT OF THE UNIVERSITY OF AKRON, THE UNIVERSITY'S BOARD OF TRUSTEES AND AUDIT COMMITTEE PARTICIPATE IN THE FOUNDATION'S FINANCIAL STATEMENT AUDIT. THE FOUNDATION'S INDEPENDENT AUDITOR IS SELECTED IN CONJUNCTION WITH THE UNIVERSITY OF AKRON, WHICH IS THROUGH THE OHIO AUDITOR OF STATE'S BID PROCESS. NASH STREET LLC 302 BUCHTEL COMMON AKRON OH 443256220 208245091 REAL ESTATE ACQUISITION OH 0 0 UA FOUNDATION THE UNIVERSITY OF AKRON 302 BUCHTEL COMMON AKRON OH 44325 346002924 HIGHER EDUCATION OH 501(C)(3) LINE 5 N/A 0 UNIVERSITY OF AKRON FOUNDATION FUND LP 302 BUCHTEL COMMON AKRON OH 443256220 463779556 INVESTOR FUND DE CAMBRIDGE ASSOCIATES RESOURCES LLC EXCLUDED 2541705 111489061 0 24504 0 0.99990 0 1 1 1 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 SCHEDULE R, PART I NASH STREET LLC WAS FORMED IN MARCH 2006 SPECIFICALLY TO ENGAGE IN THE ACQUISITION OF REAL PROPERTY FOR THE BENEFIT OF UAF AND UA. DURING THE YEAR ENDED 6/30/2016, NASH STREET LLC CEASED OPERATIONS.