2016-11-07T18:15:42-06:00 2016-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2015-07-01 846049811 UNIVERSITY OF COLORADO FOUNDATION UNIV 3038137935 1800 GRANT STREET SUITE 725 DENVER CO 80203 JACK FINLAW PRESIDENT & CEO 3038137935 2016-11-07 1 DORI J EGGETT P00645252 3037409400 2015 2017-02-10 21:41:12Z MIKE PRITCHARD 1800 GRANT STREET SUITE 725 DENVER CO 80203 441468948 0 X WWW.CUFUND.ORG X 1967 CO TO RECEIVE, MANAGE, AND INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 20 19 34 118 1261409 -553128 131859347 177687517 3245533 3322218 68813589 43872412 67036 3230482 203985505 228112629 109204283 106214039 0 0 2467415 2466072 845434 1045211 20749000 29554507 33047849 142071639 142773171 61913866 85339458 1629994000 1643660283 385283875 371732448 1244710125 1271927835 X TO RECEIVE, MANAGE, AND INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 0 0 106214039 106214039 3322218 SEE SCHEDULE O.UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS TO BENEFIT THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $177,687,517 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2016. IN ADDITION, AS OF JUNE 30, 2016, THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $1,271,927,836 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO UNIVERSITY OF COLORADO IN THE AMOUNT OF $106,214,039. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC. 106214039 1 1 0 1 0 1 0 0 1 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 26 0 1 34 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CO CT DC GA KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WV WI X MIKE PRITCHARD 3038137905 1800 GRANT STREET SUITE 725 DENVER CO 80203 BETSY A MANGONE DIRECTOR 1.00 X 0 0 0 BRETT NICHOLAS DIRECTOR 1.00 X 0 0 0 DAVID C BAKER DIRECTOR 1.00 X 0 0 0 EARL L WRIGHT DIRECTOR 1.00 X 0 0 0 EDWARD A OSBORNE DIRECTOR 1.00 X 0 0 0 ERIC KRAMER DIRECTOR 1.00 X 0 0 0 FREDRICK J BRADFORD DIRECTOR 1.00 X 0 0 0 HEIDI GANAHL DIRECTOR 1.00 X 0 0 0 JACK FINLAW PRESIDENT & CEO 40.00 X X 229537 0 23017 JAMES CT LINFIELD DIRECTOR 1.00 X 0 0 0 KEVIN REIDY DIRECTOR 1.00 X 0 0 0 KILE MORGAN JR DIRECTOR 1.00 X 0 0 0 MARCIA PRYDE DIRECTOR 1.00 X 0 0 0 MARGARET M BATHGATE DIRECTOR 1.00 X 0 0 0 MARY SISSEL DIRECTOR 1.00 X 0 0 0 MICHAEL F IMHOFF DIRECTOR 1.00 X 0 0 0 BARRY AMMAN DIRECTOR 1.00 X 0 0 0 NAN JOESTEN DIRECTOR 1.00 X 0 0 0 JEREMY MAY DIRECTOR 1.00 X 0 0 0 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 40.00 X 186933 0 26054 SCOTT DUNN CONTROLLER 40.00 X 109082 0 21772 MIKE PRITCHARD VP & CFO 40.00 X 51059 0 6982 DAVID CHADWICK VP REAL ESTATE - TERM ENDED 6/30/15 40.00 X 108810 0 9088 DAN B PALMQUIST VP & CFO - TERM ENDED 6/30/15 40.00 X 192292 0 6702 877713 0 93615 5 1 1 0 PERELLA WEINBERG PARTNERS 7979 E TUFTS AVENUE DENVER CO 80237 INVESTMENT MANAGER 3503221 RUFFALO NOEL LEVITZ 65 KIRKWOOD N ROAD SW CEDAR RAPIDS IA 52406 CALL CENTER SERVICES 853321 HIGHCLERE INTERNATIONAL INVESTORS 2 MANCHESTER SQUARE LONDON UK W1U3PA INVESTMENT MANAGER 756258 BAUPOST VALUE PARTNERS 10 ST JAMES AVENUE SUITE 1700 BOSTON MA 02116 INVESTMENT MANAGER 728520 BLUEGEM CAPITAL PARTNERS 16 BERKELEY ST LONDON UK W1J 8DZ INVESTMENT MANAGER 670594 23 177687517 13069295 177687517 ADVNCMNT FEE CUSTODIAL 611710 3322218 3322218 3322218 18251392 18251392 4016 4016 238977339 213356319 25621020 25621020 25621020 INSTITUTION GIFT/MATCH 611710 1837936 1837936 UBIT REVENUE 523000 1261409 1261409 DUES REVENUE 611710 79852 79852 47269 47269 3226466 228112629 5240006 1261409 43923697 X 106214039 106214039 853430 853430 1228380 1228380 78806 78806 172267 172267 133189 133189 43599 43599 519067 519067 1045211 1045211 11528114 11528114 19703789 19703789 98196 98196 673763 673763 266032 266032 18549 18549 58590 58590 107941 107941 DUES/MEMBERSHIPS/SUBSCR 15622 15622 PROFESSIONAL DEVELOPMEN 11929 11929 RECRUITING FEES 2136 2136 GRAPHIC DESIGN 400 400 122 122 142773171 106214039 15810132 20749000 18492660 34693189 85785148 111534173 2924 23636 3989193 3555498 340619 433695 914001761 877272162 560291396 574217953 51079492 45485475 1629994000 1643660283 6580360 9290042 354771545 342046229 23931970 20396177 385283875 371732448 X 69613213 55439117 723887156 721411971 451209756 495076747 1244710125 1271927835 1629994000 1643660283 X 85339458 -56750704 -1371044 X 0 1 X 1 0 X 107240934 127619327 148897892 131859347 177687517 693305017 107240934 127619327 148897892 131859347 177687517 693305017 38829318 654475699 11469428 15512209 15127073 18202539 18255408 78566657 1040069 505135 529005 60641 127121 2261971 774133645 24582059 0.84540 0.82730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130199846 130199846 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 1 14000 1 1 0 1 X 905881734 48957151 -23675978 43994282 887168625 893963354 40489450 32222904 60793974 905881734 747137724 40546478 141477696 35198544 893963354 649980421 45631282 86385196 34859175 747137724 656299418 29193171 -8456902 27055266 649980421 0.01800 0.50680 0.47520 1 0 32078 32078 486637 397355 89282 379063 238673 140390 2790990 2653160 137830 300425 266310 34115 433695 PRIVATE EQUITY 229264474 F LONG/SHORT HEDGE FUNDS 28514933 F ABSOLUTE RETURNS FUNDS 136277227 F VENTURE CAPITAL 61063809 F COMMODITIES 31462031 F REAL ESTATE 79428065 F CASH AND CASH EQUIVALENTS 7204666 F OTHER 1002748 F 574217953 FUNDS HELD IN TRUST FOR OTHERS 2591690 LIABILITIES UNDER SPLIT INTEREST 17804487 20396177 X 158462767 -56750704 -109635 -56860339 215323106 11528114 1261409 12789523 228112629 131245057 0 131245057 11528114 11528114 142773171 PART IV, LINE 2B: THE FOUNDATION HOLDS AND INVESTS CERTAIN ENDOWMENT AND OTHER FUNDS IN THE LTIP IN TRUST ON BEHALF OF THE UNIVERSITY. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS INCLUDE DONOR RESTRICTED PURE AND QUASI-ENDOWMENT FUNDS, AND BOARD-DESIGNATED ENDOWMENT FUNDS. THESE ENDOWMENTS ARE MANAGED IN ACCORDANCE WITH THE FOUNDATION BOARD APPROVED SPENDING POLICY, AND DISTRIBUTIONS FROM THESE ENDOWMENTS ARE MADE IN ACCORDANCE WITH SUCH POLICY AND ARE AVAILABLE TO THE UNIVERSITY OF COLORADO TO SUPPORT ITS PROGRAMS AND OPERATIONS, IN ACCORDANCE WITH THE APPLICABLE DONORS' RESTRICTIONS. PART X, LINE 2: THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2016 OR 2015. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2016 OR 2015. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2012 THROUGH THE CURRENT YEAR FOR FEDERAL AND STATE RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -96,898. OTHER CHANGES IN NET ASSETS -12,737. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME 1,261,409. 1 EAST ASIA AND THE PACIFIC - INVESTMENTS 4580123 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 61982317 WESTERN EUROPE - INVESTMENTS 5007068 0 0 0 0 0 0 71569508 0 71569508 1 0 1 0 1 0 PART I, LINE 2: THE FOUNDATION DOES NOT PROVIDE GRANTS OR OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES. X X X X X 1 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 OPER/MANAGE CALL CENTER 0 935182 1045211 -110029 935182 1045211 -110029 AK AR CA CO CT DC GA HI IL KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WI WV AL NC AL FL SCHEDULE G, PART I, LINE 2B 100% OF GROSS RECEIPTS FROM ACTIVITY, OR COLUMN IV, GO TO THE UNIVERSITY AS PHILANTHROPIC SUPPORT. AMOUNT PAID TO FUNDRAISER IN COLUMN V IS AN EXPENSE PAID TO HELP GROW THE NUMBER OF DONORS TO THE UNIVERSITY. 1 UNIVERSITY OF COLORADO 1800 GRANT ST SUITE 800 DENVER CO 80203 846000555 501(C)(3) 106140329 BOOK SEE PART IV UNIVERSITY OF COLORADO REAL ESTATE FOUNDATION 1800 GRANT ST STE 725 DENVER CO 80203 743066182 501(C)(3) 42711 GENERAL CONTRIBUTION PIKES PEAK COMMUNITY COLLEGE FOUNDATION 5675 S ACADEMY BLVE C11 COLORADO SPRINGS CO 80906 742182257 501(C)(3) 22500 GENERAL CONTRIBUTION 3 PART I, LINE 2: THE USE OF GRANTS MADE BY THE UNIVERSITY OF COLORADO FOUNDATION ARE MONITORED BY THE UNIVERSITY OF COLORADO. PART II, LINE 1: UNIVERSITY OF COLORADO - GRANTS PAID GIFTS AND INCOME DISTRIBUTED TO THE UNIVERSITY OF COLORADO WERE APPLIED AS FOLLOWS: ACADEMICS - $31,035,876 RESEARCH - $17,907,067 SCHOLARSHIPS & FINANCIAL AID - $17,861,606 PROFESSORSHIP CHAIRS - $12,667,724 PUBLIC SERVICE, ADMINISTRATION, LIBRARY - $9,180,106 CAPITAL PROJECTS - 12,427,556 ATHLETICS - $5,060,394 1 X X X 1 0 0 0 0 0 0 0 0 JACK FINLAW PRESIDENT & CEO 229537 0 0 0 0 0 12389 0 10628 0 252554 0 0 0 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 186933 0 0 0 0 0 9808 0 16246 0 212987 0 0 0 DAN B PALMQUIST VP & CFO - TERM ENDED 6/30/15 109292 0 0 0 83000 0 6589 0 113 0 198994 0 0 0 PART I, LINE 4A DAN PALMQUIST RECEIVED A SEVERANCE OF $83,000, WHICH IS REFLECTED AS REPORTABLE COMPENSATION IN HIS W-2 FOR 2015 AND IN THIS FORM 990 FOR THE FISCAL YEAR ENDED JUNE 30, 2016. X 290 10418295 AVG HIGH/LOW PRICE X 4 1451000 APPRAISALS X 1 1200000 APPRAISAL 0 1 1 PART I, LINE 32B: THE FOUNDATION HAS ACCOUNTS AT UBS, KASPICK, AND CHARLES SCHWAB WHERE SECURITIES ARE RECEIVED AND SOLD. FORM 990, PART VI, SECTION B, LINE 11 A FULL REVIEW BY THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM WILL BE PROVIDED TO THE AUDIT COMMITTEE. A SUMMARY OF THIS REVIEW WILL BE PRESENTED TO THE FULL BOARD BY THE AUDIT COMMITTEE CHAIR ALONG WITH A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS PROVIDED TO KEY EMPLOYEES, DIRECTORS, AND COMMITTEE MEMBERS. EACH RECIPIENT IS ASKED TO COMPLETE A DISCLOSURE CERTIFICATION. THESE DOCUMENTS ARE COLLECTED AND THE INFORMATION COMPILED IN THE FOUNDATION'S LEGAL DEPARTMENT. WHEN THE FOUNDATION IS CONSIDERING ENTERING INTO MAJOR TRANSACTIONS AND/OR CONTRACTS WITH OUTSIDE PARTIES, POTENTIAL CONFLICTS OF INTEREST ARE RESEARCHED. IF THERE IS AN IDENTIFIED CONFLICT, THE FOUNDATION DOCUMENTS SUCH AND RESOLVES THE ISSUE BASED ON THE POLICY REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF COLORADO FOUNDATION HAS A COMPENSATION COMMITTEE OF FOUR DIRECTORS. THE COMMITTEE'S ROLE IS TO ANNUALLY OBTAIN COMPARATIVE MARKET SALARY SURVEY INFORMATION. BASED ON THIS MARKET DATA AND PERFORMANCE, RECOMMENDATIONS FOR SALARY ADJUSTMENTS ARE REVIEWED. THIS COMMITTEE SPECIFICALLY REVIEWS AND APPROVES SALARY ADJUSTMENTS AND ANY ADDITIONAL COMPENSATION FOR THE CEO AND VP'S. SALARY RANGE REVIEW AND RECOMMENDATIONS ARE MADE TO THIS COMMITTEE ON AN ANNUAL BASIS. DELIBERATION AND CONCLUSION OF THE COMPENSATION DISCUSSION IS DOCUMENTED IN THE MINUTES MAINTAINED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. AUDITED FINANCIALS ARE ALSO AVAILABLE ON THE CUF WEBSITE WWW.CUFUND.ORG. FORM 990, PART IX, LINE 11G CU SUPPORT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 19,703,789. TOTAL EXPENSES 19,703,789. FORM 990 PART IX LINE 25 THE UNIVERSITY OF COLORADO RAISED A TOTAL OF $384.5 MILLION IN PRIVATE SUPPORT IN FY16. THE TOTAL BUDGET FOR ALL OF CU ADVANCEMENT WAS $34.2 MILLION IN FY16, WITH $20.7 MILLION FUNDED BY THE CU FOUNDATION AND $13.5 MILLION FUNDED BY THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -96,898. UNRELATED BUSINESS (INCOME)/LOSS -1,261,409. OTHER CHANGES IN NET ASSETS -12,737. CU FOUNDATION HOLDINGS INC 1800 GRANT STREET SUITE 725 DENVER CO 80203 311608076 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (74) CRAT/CRUT CO CUF T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0