2016-10-31T13:08:12-05:00 2016-06-30 420714325 RSM US LLP 8020 EXCELSIOR DR STE 100 MADISON WI 53717 990 2015-07-01 390833612 WISCONSIN ALUMNI RESEARCH FOUNDATION WISC 6082632825 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 STEVEN MIXTACKI CFO/COO 6082632825 2016-10-27 1 JAMES G GRAHAM P00006111 6088333361 2015 2017-02-10 21:41:12Z STEVEN MIXTACKI 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 76936142 0 X WWW.WARF.ORG X 1925 WI TO PROVIDE THE MARGIN OF EXCELLENCE THE UNIVERSITY OF WISCONSIN - MADISON NEEDS TO FULFILL ITS ROLE AS A TWENTY-FIRST CENTURY LEADER IN RESEARCH, DISCOVERY AND INNOVATION.WE PROMOTE, ENCOURAGE, AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT THE UNIVERSITY OF WISCONSIN - MADISON AND THE MORGRIDGE INSTITUTE FOR RESEARCH.- WE HELP COMMERCIALIZE THE TECHNOLOGY ARISING FROM THAT RESEARCH FOR THE BENEFIT OF HUMANKIND.- WE INVEST THE PROCEEDS OF THE COMMERCIALIZATION EFFORTS AND USE THE ADDED VALUE FROM OUR INVESTMENTS TO PROMOTE, ENCOURAGE, AND AID FURTHER SCIENTIFIC INVESTIGATION AND RESEARCH AT AND WITHIN THE UNIVERSITY OF WISCONSIN - MADISON AND THE MORGRIDGE INSTITUTE FOR RESEARCH. 17 15 150 398 88560 -2491034 357737 450225 38069760 21891130 261839172 48661980 5924432 5932807 306191101 76936142 80735409 104403000 0 0 15528974 14959610 0 0 0 66386109 60378900 162650492 179741510 143540609 -102805368 3204149420 2933448759 704836893 490036160 2499312527 2443412599 X SEE PART I, LINE 1 0 0 140388349 83343956 23829247 1) DIRECT FISCAL 2015-2016 GRANTS OF $83,343,956 WERE MADE TO THE UNIVERSITY OF WISCONSIN - MADISON. THE GRANTS PROVIDED THE UNIVERSITY THE FLEXIBILITY TO CREATE COMPETITIVE PACKAGES TO RECRUIT OR RETAIN 110 PROFESSORS AND HELP FUND PROGRAMS TO RECRUIT AND RETAIN TOP QUALITY GRADUATE STUDENTS. THROUGH THE FALL RESEARCH COMPETITION, THE FOUNDATION FUNDED 294 AWARDS AIMED AT SUPPORTING JUNIOR FACULTY AS THEY BUILD THEIR RESEARCH PROGRAMS AND PILOT STUDIES FOR EXTERNAL GRANT APPLICATIONS, AND FOR SENIOR FACULTY WHO APPLY FOR "INSURANCE" AGAINST EXTRA-MURAL GRANT APPLICATIONS. THE FOUNDATION ALSO MATCHED 85 GRANTS, WHICH ALLOWED THE UNIVERSITY TO APPLY FOR AND ACCEPT EXTERNAL RESEARCH SUPPORT REQUIRED A MATCH FROM THE INSTITUTION. THE DIRECT GRANTS ALSO SUPPORTED 6 NAMED PROFESSORSHIPS, 10 NEW KELLETT MID-CAREER FELLOWSHIPS AND 8 NEW ROMNES FACULTY FELLOWSHIPS. IN ADDITION, 134 WARF GRADUATE FELLOWSHIPS WERE WHOLLY OR PARTIALLY FUNDED BY THE FOUNDATION. THROUGH THE ENDOWMENT FOR EXCELLENCE, THE FOUNDATION FUNDED 44 INTERDISCIPLINARY FACULTY MEMBERS IN THE FOLLOWING AREAS; AGRONOMY, ASTRONOMY, BACTERIOLOGY, BIOMEDICAL ENGINEERING, BIOCHEMISTRY, BIOMOLECULAR CHEMISTRY, BOTANY/STATISTICS, CHEMISTRY, COMPARATIVE BIOSCIENCES, COMPUTER SCIENCE, COMMUNICATIVE DISORDERS, ENTOMOLOGY, ELECTRICAL & COMPUTER ENGINEERING, ENGINEERING PHYSICS, GENDER AND WOMEN'S STUDIES, GENETICS AND NEUROLOGY, MATERIAL SCIENCE AND ENGINEERING, MATH/ECE, MATHEMATICS, MATERIAL SCIENCE, MECHANICAL ENGINEERING, MED MICRO & IMMUNOLOGY, NEUROSCIENCE, NEUROSCIENCE AND NEUROLOGY, PHARMACY, PHARMACOLOGY, PHYSICS, PLANT PATHOLOGY, PSYCHOLOGY, PHYSIOLOGY, RADIOLOGY, AND URBAN & REGIONAL PLANNING.THE PATENT AND LICENSING FUNCTION PRODUCED THE FOLLOWING RESULTS DURING THE YEAR: THE UNIVERSITY OF MADISON DISCLOSED 415 INVENTIONS TO THE WISCONSIN ALUMNI RESEARCH FOUNDATION. THE FOUNDATION FILED 257 U.S. PATENT APPLICATIONS AND 215 FOREIGN PATENT APPLICATIONS ON BEHALF OF THE UNIVERSITY OF WISCONSIN. DURING THE 2015-2016 FISCAL YEAR, 175 U.S. PATENTS AND 131 FOREIGN PATENTS WERE GRANTED TO THE FOUNDATION BY THE RESPECTIVE PATENT OFFICES.UNDER FEDERAL LAW (I.E. THE BAYH DOLE ACT) UNIVERSITIES OR THEIR 501(C)(3) PATENT MANAGEMENT ORGANIZATIONS HAVE THE RIGHT TO TAKE TITLE TO INVENTIONS MADE IN THE COURSE OF UNIVERSITY RESEARCH FUNDED IN WHOLE OR IN PART BY AN AGENCY OF THE FEDERAL GOVERNMENT. THE UNIVERSITY OF WISCONSIN - MADISON HAS DELEGATED THIS RIGHT TO WARF. WARF IS THE DESIGNATED PATENT MANAGEMENT ORGANIZATION FOR THE UNIVERSITY OF WISCONSIN- MADISON AND IN THAT ROLE WARF EXERCISES THE UNIVERSITY'S RIGHTS AND OBLIGATIONS UNDER THE BAYH DOLE ACT. DURING THE 2015-2016 FISCAL YEAR, 66 NEW COMMERCIAL LICENSES OR OPTIONS AND 2 EQUITY AGREEMENT WERE CLOSED. 21059044 21059044 3906130 MORGRIDGE INSTITUTE FOR RESEARCH, INC. WAS ESTABLISHED ON NOVEMBER 24, 2006, AS AN INDEPENDENT RESEARCH INSTITUTE THAT PROVIDES UW-MADISON INNOVATIVE NEW WAYS TO CONDUCT BIOMEDICAL RESEARCH AND EDUCATE THE COMMUNITY.THE PRIMARY PURPOSES FOR MORGRIDGE ARE IMPROVE HUMAN HEALTH BY CONDUCTING AND TRANSLATING INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN-MADISON AND OTHERS, BY LEVERAGING OUR COLLECTIVE STRENGTHS IN RESEARCH AND EDUCATION.DURING FISCAL 2015-2016, THE MORGRIDGE INSTITUTE FOR RESEARCH MAINTAINED THE FOLLOWING PROGRAMS:CORE COMPUTATION: HARNESS COMPUTING POWER TO ADDRESS NEW QUESTIONS IN BIOLOGY. REGENERATIVE BIOLOGY: UNDERSTAND AND DIRECT CELLULAR FATES TO IMPROVE HUMAN KIND. MEDICAL ENGINEERING: ADVANCE TECHNOLOGIES TO BETTER DIAGNOSE, TREAT AND PREVENT DISEASE. VIROLOGY: UNLOCK THE SECRETS OF VIRUS-HOST INTERACTIONS TO BETTER PROTECT HUMAN HEALTH. BIOETHICS: ADDRESS EMERGING ETHICAL ISSUES AND BUILD A CULTURE OF RESPONSIBLE SCIENCE.METABOLISM: ELUCIDATE THE CHEMISTRY OF LIFE AND ITS DISRUPTION IN HUMAN DISEASE. DISCOVERY OUTREACH PROGRAMS OFFER LITERALLY HUNDREDS OF OPPORTUNITIES ANNUALLY FOR PEOPLE TO EXPERIENCE THE VIBRANCY OF UW-MADISON SCIENCE. 0 0 WICELL RESEARCH INSTITUTE, INC.'S MISSION IS TO SUPPORT STEM CELL RESEARCH AT THE UNIVERSITY OF WISCONSIN-MADISON AND THE DEVELOPMENT OF STEM CELL CLINICAL APPLICATIONS WORLDWIDE.WICELL IS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF WISCONSIN-MADISON, A WORLD LEADER IN THE AREA OF HUMAN PLURIPOTENT STEM CELL RESEARCH. WICELL WAS ESTABLISHED IN 1999 TO ADVANCE THE SCIENCE OF STEM CELLS. THE GLOBAL LEADER IN CELL BANKING, CYTOGENETIC TESTING AND DISTRIBUTION OF STEM CELL LINES, WICELL BUILDS ON THESE CORE STRENGTHS BY ALSO PROVIDING CLINICAL GRADE PLURIPOTENT STEM CELL LINES, QUALITY CONTROL TESTING AND CELL BANKING SERVICES.AS A SUPPORT ORGANIZATION FOR UW-MADISON, WICELL OFFERS A WIDE ARRAY OF SERVICES AND SUPPORT DESIGNED TO KEEP UW AT THE FOREFRONT OF ADVANCES IN STEM CELL TECHNOLOGY. CURRENT OFFERINGS INCLUDE: - PRE-QUALIFIED REAGENTS SUCH AS MEDIA AND MEDIA COMPONENTS, MATRICES, MEFS AND ANTIBODIES- A FULL RANGE OF CYTOGENETIC TESTING SERVICES- SPECIALIZED TESTING INCLUDING TERATOMA SERVICES AND HISTOLOGICAL ANALYSIS, MYCOPLASMA SCREENING AND QUALITY CONTROL TESTING- HIGH QUALITY AND WELL CHARACTERIZED CELL LINES FROM THE WICELL STEM CELL BANK - TECHNICAL ASSISTANCE AND HANDS-ON TRAINING- FULLY EQUIPPED LABORATORY SPACE- GRANT WRITING ASSISTANCE FOR BUDGETING AND CORE SERVICES NEEDSDURING FISCAL YEAR 2015-2016, WICELL DISTRIBUTED 346 HUMAN CELL LINES TO COMMERCIAL AND ACADEMIC RESEARCH LABORATORIES BRINGING THE TOTAL CELL LINES DISTRIBUTED TO DATE TO 3,727.WICELL OPERATES ITS RESEARCH FACILITIES WITH 19 SCIENTISTS, RESEARCH TECHNICIANS AND ADMINISTRATIVE PERSONNEL. 161447393 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 793 0 1 150 1 1 1 0 0 0 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI CA X X STEVEN MIXTACKI 6082611954 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 JOHN P MORGRIDGE TRUSTEE 2.00 2.00 X 0 0 0 DORIS MEISSNER TRUSTEE 2.00 X 15000 0 0 THOMAS F PYLE TRUSTEE/TREASURER 4.00 4.00 X X 15000 17000 0 CAROL N SKORNICKA TRUSTEE 4.00 2.00 X 15000 20000 0 JOAN E SPERO TRUSTEE 2.00 X 20000 0 0 JEFFREY C SPRECHER TRUSTEE 2.00 X 15000 0 0 GORDON F BRUNNER TRUSTEE 3.00 1.00 X 15000 1500 0 CARL E GULBRANDSEN TRUSTEE/MANAGING DIRECTOR 34.00 6.00 X X 726411 20000 278184 PATRICIA LIPTON TRUSTEE/SECRETARY 4.00 2.00 X X 20000 20000 0 KEITH R LOBO TRUSTEE 2.00 X 23750 0 0 PETER P TONG TRUSTEE/CHAIR 6.00 2.00 X X 22625 0 0 NORMAN BOBINS TRUSTEE 2.00 X 20000 0 0 JOHN ROWE TRUSTEE 3.00 2.00 X 15000 20000 0 REBECCA BLANK TRUSTEE 2.00 X 15000 0 0 JAMES BERBEE VICE CHAIR/TRUSTEE 4.00 3.00 X X 15000 21500 0 WINSLOW SARGEANT TRUSTEE 2.00 2.00 X 15000 0 0 ERIK IVERSON MANAGING DIRECTOR 36.00 4.00 X X 0 0 0 STEVE MIXTACKI CHIEF FINANCIAL OFFICER/CO 39.00 1.00 X 377332 0 158271 LEIGH CAGAN CHIEF TECHNOLOGY COMMERCIALIZATION OFFICER 40.00 X 355528 0 151035 MICHAEL FALK GENERAL COUNSEL 39.00 1.00 X 365727 0 148594 CARRIE THOME DIRECTOR OF INVESTMENTS 40.00 X 1035170 0 149003 ALAIN HUNG ASSOC DIR OF INVESTMENTS 40.00 X 621050 0 151281 STEPHANIE ADAMANY ASSOC GENERAL COUNSEL 39.00 1.00 X 229786 0 95044 LAURA HEISLER DIRECTOR OF PROGRAMMING 40.00 X 191962 0 118690 CRAIG HEIM ASSISTANT PORTFOLIO MANAGER 40.00 X 231235 0 95803 RYAN ABRAMS ASSISTANT PORTFOLIO MANAGER 40.00 X 229818 0 48298 4605394 120000 1394203 32 0 1 0 IRELL & MANELLA LLP 1800 AVENUE OF THE STARS SUITE 900 LOS ANGELES CA 90067 LEGAL SERVICES 24966813 QUARLES & BRADY LLP 33 E MAIN ST SUITE 900 MADISON WI 53703 LEGAL SERVICES 2346630 FINNEGAN HENDERSON FARABOW DEPT 6059 WASHINGTON DC 20042 LEGAL SERVICES 1761458 CPA GLOBAL LTD LIBERATION HOUSE CASTLE STREET ST HELIER CHANNEL ISLANDS JE JE1 1BL PATENT LEGAL/ANNUITY SERVICE 1430200 BERKELEY RESEARCH GROUP 2200 POWELL ST SUITE 1200 EMERYVILLE CA 94608 LEGAL SERVICES 1244864 33 450225 450225 ROYALTIES 900099 20697630 20697630 LICENSING 900099 1193500 1193500 21891130 23090570 23090570 2468100 0 2468100 2468100 2468100 25571410 0 25571410 25571410 25571410 WARF PATENT REVENUE 900099 1353380 1353380 MIR BLDG COSTS REIMBURSEMENT 900099 1162030 1162030 OTHER INCOME 900099 584737 584737 364560 276000 88560 3464707 76936142 27735377 88560 48661980 104403000 104403000 6591302 1878678 4712624 6294029 3979225 2314804 614591 455457 159134 1045819 682468 363351 413869 276345 137524 38300 38300 20065770 20065770 170400 170400 240094 240094 7605736 7605736 798700 532580 266120 106020 50220 55800 261460 131310 130150 501440 103000 398440 4774550 4774550 1878970 1495780 383190 223160 125880 97280 140810 120180 20630 6407260 6304200 103060 5801390 5742660 58730 439950 204760 235190 DOMESTIC LEGAL/PATENTS 4322220 4322220 FOREIGN LEGAL/PATENTS 1747530 1747530 FOREIGN PATENT MAINT FE 1506050 1506050 TECH COMMERCIAL ACCEL 1387760 1387760 1961330 1157770 803560 179741510 161447393 18294117 0 19579115 3147960 4778117 6631750 398790 257100 323054 142070 182957360 35344040 153401348 147613320 242560218 727654 2671440452 2694052501 42045044 48169852 69623282 32706552 3204149420 2933448759 14598000 11274450 259618118 287238310 28162 28160 149297804 144044920 281294809 47450320 704836893 490036160 X 2317233527 2261518599 182079000 181894000 2499312527 2443412599 3204149420 2933448759 X -102805368 48187120 -1281680 X X 0 1 X 1 0 X X 1 UNIVERSITY OF WISCONSIN-MADISON 396006492 2 1 83343956 0 1 83343956 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X PART IV, SECTION E, ITEM 1C: THE ORGANIZATION'S MISSION IS TO SUPPORT THE UNIVERSITY OF WISCONSIN-MADISON IN ITS ROLE AS A TWENTY-FIRST CENTURY LEADER IN RESEARCH, DISCOVERY AND INNOVATION. IT DOES SO VIA GRANTS THAT SUPPORT UNIVERSITY PROGRAMS, RECRUIT OR RETAIN PROFESSORS, JUNIOR FACULTY AND TOP QUALITY GRADUATE STUDENTS. THE ORGANIZATION ALSO PROVIDES SUPPORT TO RELATED ORGANIZATIONS THAT FURTHER THE UNIVERSITY'S RESEARCH AND EDUCATION VIA THE PROGRAMS DESCRIBED IN FORM 990, PART III, ITEM 4. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 240094 240094 161673426 161913520 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 240229 240441 240446 240094 961210 250000 250000 250000 250000 1000000 1500000 15340740 15340740 142332550 19745320 122587230 970610 902550 68060 24313460 14696170 9617290 147613320 MONEY MARKET FUNDS 749305659 F HEDGE FUNDS 1512110639 F FIXED INCOME 113535554 F PRIVATE EQUITY - LTD PS 294465259 F INVESTMENT IN WARF STARTUP COMPANIES 24635390 C 2694052501 ROYALTIES PAYABLE 5048980 DUE TO BROKER 32519930 ACCRUED PENSION FUND 9881410 47450320 X 106354022 38187120 38187120 68166902 8769240 8769240 76936142 170972270 0 170972270 8769240 8769240 179741510 PART X, LINE 2: THE FOUNDATION, WICELL, PROPERTIES, AND MORGRIDGE HAVE BEEN GRANTED AN EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THIS EXEMPTION, INCOME TAX IS PAID ONLY ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATIONS ARE ALSO EXEMPT FROM WISCONSIN INCOME AND REAL ESTATE TAX. THE ORGANIZATION FOLLOWS THE GUIDANCE RELATIVE TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). ANY TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF WISCONSIN. PART XI, LINE 4B - OTHER ADJUSTMENTS: SHARED ROYALTIES NETTED AGAINST INCOME IN AUDIT 4,774,550. UBIT REVENUE RECORDED IN EXPENSES IN AUDIT 88,560. REIMBURSED EXPENSES FROM AFFILIATE NETTED AGAINST EXPENSES IN AUDIT 3,906,130. PART XII, LINE 4B - OTHER ADJUSTMENTS: SHARED ROYALTIES NETTED AGAINST EXPENSES IN AUDIT 4,774,550. UBIT REVENUE RECORDED IN EXPENSES IN AUDIT 88,560. REIMBURSED EXPENSES FROM AFFILIATE NETTED AGAINST EXPENSES IN AUDIT 3,906,130. 1 UNIVERSITY OF WISCONSIN - MADISON 1025 W JOHNSON ST MADISON WI 53706 396006492 115 83343956 SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4A MORGRIDGE INSTITUTE FOR RESEARCH 330 N ORCHARD ST MADISON WI 537151119 208325570 501(C)(3) 21059044 SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4B 2 PART I, LINE 2: 1) UW - THE UNIVERSITY PROVIDES WARF WITH AN ANNUAL SUMMARY OF GRANT EXPENDITURES THAT DETAILS HOW THE GRANT FUNDS WERE SPENT FROM THE PREVIOUS YEAR. 2) MORGRIDGE & WICELL - WARF HAS ACCESS TO THE FINANCIAL STATEMENTS OF THESE ORGANIZATION. ALSO, WARF'S MANAGING DIRECTOR, SITS ON THE BOARDS OF MORGRIDGE AND WICELL. X X X X X 0 0 0 0 0 0 0 0 0 CARL E GULBRANDSEN TRUSTEE/MANAGING DIRECTOR 538951 20000 187460 0 0 0 241706 0 36478 0 1004595 20000 0 0 STEVE MIXTACKI CHIEF FINANCIAL OFFICER/CO 307372 0 69960 0 0 0 129031 0 29240 0 535603 0 0 0 LEIGH CAGAN CHIEF TECHNOLOGY COMMERCIALIZATION O 275781 0 79747 0 0 0 123279 0 27756 0 506563 0 0 0 MICHAEL FALK GENERAL COUNSEL 290185 0 75542 0 0 0 114898 0 33696 0 514321 0 0 0 CARRIE THOME DIRECTOR OF INVESTMENTS 506524 0 528646 0 0 0 99575 0 49428 0 1184173 0 0 0 ALAIN HUNG ASSOC DIR OF INVESTMENTS 329180 0 291870 0 0 0 111585 0 39696 0 772331 0 0 0 STEPHANIE ADAMANY ASSOC GENERAL COUNSEL 192157 0 37629 0 0 0 64825 0 30219 0 324830 0 0 0 LAURA HEISLER DIRECTOR OF PROGRAMMING 162080 0 29882 0 0 0 89288 0 29402 0 310652 0 0 0 CRAIG HEIM ASSISTANT PORTFOLIO MANAGER 145246 0 85989 0 0 0 64890 0 30913 0 327038 0 0 0 RYAN ABRAMS ASSISTANT PORTFOLIO MANAGER 148122 0 81696 0 0 0 23778 0 24520 0 278116 0 0 0 A COMMUNITY DEVELOPMENT AUTHORITY - CITY OF MADISON 396006968 2009-12-17 161453470 FOR CONSTRUCTING A RESEARCH FACILITY LOCATED ON THE CAMPUS OF UW-MADISON 0 0 0 A 17408550 161453470 2531768 151543609 7378093 2010 0 0 1 1 A 0 1 0 1 1 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 SCH K, PART III, #2 ALTHOUGH THERE IS PRESENTLY NO PRIVATE BUSINESS USE OF THE BOND-FINANCED PROPERTY, A SIGNIFICANT PORTION OF THE PROPERTY IS CURRENTLY OCCUPIED BY THE MORGRIDGE INSTITUTE FOR RESEARCH, INC., A 501(C)(3) ORGANIZATION ("MORGRIDGE"). AS A MEDICAL RESEARCH ORGANIZATION THAT COLLABORATES WITH PRIVATE INDUSTRY IT IS POSSIBLE THAT SOME OF THE ACTIVITY ON THE PROPERTY COULD RESULT IN PRIVATE BUSINESS USE. HOWEVER, MORGRIDGE IS AWARE OF THE LIMITATIONS ON PRIVATE USE, AND PROCEDURES HAVE BEEN PUT IN PLACE FOR WARF AND MORGRIDGE TO TRACK PRIVATE USE TO ENSURE COMPLIANCE WITH BOND REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY REVIEWED AND APPROVED BY THE CFO, CONTROLLER AND OTHER MEMBERS OF THE MANAGEMENT TEAM. AN ELECTRONIC COPY OF THE FINAL VERSION OF THE FORM 990 IS SUBSEQUENTLY PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WARF MANAGING DIRECTOR REQUIRES THAT THE TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. WARF REVIEWS CONFLICT MATTERS AS DISCLOSED THROUGH THE ANNUAL DISCLOSURE AND ON A ROLLING BASIS AND CONSIDERS THEM IN THE MATTER PROSCRIBED IN ITS CONFLICT POLICY. A CONFLICT OF INTEREST COMMITTEE OF THE BOARD OF TRUSTEES ALSO MEETS AS APPROPRIATE TO CONSIDER CONFLICT SITUATIONS. ALL WARF EMPLOYEES SIGN A CONFLICT OF INTEREST AGREEMENT. THE AGREEMENT REQUIREMENTS ARE REVIEWED ANNUALLY AT AN EMPLOYEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 A) WARF RETAINS A NATIONAL INDEPENDENT HUMAN RESOURCES CONSULTING FIRM SPECIALIZING IN COMPENSATION ACTIVITIES TO REVIEW COMPENSATION FOR THE MANAGING DIRECTOR AND SENIOR MANAGEMENT OF THE ORGANIZATION. THE CONSULTANT IS RETAINED BY AND REPORTS TO THE CHAIR OF THE SALARY AND FRINGE BENEFIT COMMITTEE AND TO THE TRUSTEE PRESIDENT. B) EVERY OTHER YEAR THE CONSULTANT PROVIDES COMPARATIVE COMPENSATION DATA TO THE TRUSTEE PRESIDENT AND THE SALARY AND FRINGE BENEFITS COMMITTEE. C) THE TRUSTEE PRESIDENT REVIEWS A WRITTEN SUMMARY OF EXECUTIVE ACCOMPLISHMENTS FOR THE FISCAL YEAR. THIS INFORMATION IS SHARED WITH THE SALARY AND FRINGE BENEFITS COMMITTEE AND WITH THE BOARD'S EXECUTIVE COMMITTEE. D) IN LATE AUGUST OR EARLY SEPTEMBER THE SALARY AND FRINGE BENEFITS COMMITTEE HOLDS A TELECONFERENCE TO DISCUSS THE GENERAL DIRECTION AND SCOPE/RANGE OF EXECUTIVE COMPENSATION. THE OUTSIDE CONSULTANT PARTICIPATES IN THE DISCUSSION EVERY OTHER YEAR. E) IN MID-SEPTEMBER THE BOARD PRESIDENT AND THE CHAIR OF THE SALARY AND FRINGE BENEFIT COMMITTEE DISCUSS THE EXECUTIVE EVALUATION AND DETERMINE THE COMPENSATION ADJUSTMENT. F) THE SALARY AND FRINGE BENEFITS COMMITTEE REVIEWS THE RECOMMENDATION IN (E) ABOVE AND APPROVES FINAL COMPENSATION ADJUSTMENTS. G) THE CHAIRMAN OF THE SALARY AND FRINGE BENEFITS COMMITTEE REVIEWS THE COMPENSATION ADJUSTMENTS WITH THE FULL BOARD AT THE FALL TRUSTEE MEETING. H) THE OUTSIDE CONSULTANT PROVIDES A LETTER TO THE CHAIR OF THE SALARY AND FRINGE BENEFIT COMMITTEE DESCRIBING THE CONSULTANT'S ROLE IN ESTABLISHING THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD UNDER THE INTERMEDIATE SANCTIONS REGULATIONS AND HOW THE CONSULTANT PROVIDED THE ANALYSIS TO DETERMINE THE REASONABLENESS OF THE EXECUTIVE COMPENSATION PACKAGE EVERY OTHER YEAR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE. FORM 990, PART XI, LINE 9: EQUITY GAIN IN SUBSIDIARIES 6,124,810. CHANGE IN MINIMUM PENSION OBLIGATION -7,406,490. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. FORM 8621: FILING 8621 ON BEHALF OF WISCONSIN ALUMNI RESEARCH ORGANIZATION WISCONSIN ALUMNI RESEARCH FOUNDATION OWNS A STAKE IN THE FOLLOWING PARTNERSHIPS WHICH HAVE INDIRECT INVESTMENTS IN PASSIVE FOREIGN INVESTMENT COMPANIES (PFICS), AND HAVE FILED FORM 8621 ON BEHALF OF WISCONSIN ALUMNI RESEARCH FOUNDATION: PINEBRIDGE GLOBAL EMERGING MARKETS PARTNERS, LLC SIGULER GUFF BRIC OPPORTUNITIES FUND, LP SIGULER GUFF BRIC OPPORTUNITIES FUND II, LP VERSANT VENTURE CAPITAL V, L.P. FORM 8886: DISCLOSURE OF REPORTABLE TRANSACTIONS THE FOLLOWING INVESTMENTS OF WISCONSIN ALUMNI RESEARCH FOUNDATION HAVE FILED FORM 8886 DISCLOSING REPORTABLE TRANSACTIONS. AS A LIMITED PARTNER IN THESE INVESTMENTS, WISCONSIN ALUMNI RESEARCH FOUNDATION'S ALLOCABLE SHARE FROM THE RESPECTIVE PASSTHROUGH ENTITIES DOES NOT EXCEED THE THRESHOLD AMOUNTS. THEREFORE, WISCONSIN ALUMNI RESEARCH FOUNDATION HAS NOT PARTICIPATED IN A LOSS TRANSACTION REPORTABLE ON FORM 8886: COMMONFUND CAPITAL INTERNATIONAL PARTNERS V, LP OAK HILL CAPITAL PARTNERS II (CAYMAN) LP WARF PROPERTIES LLC 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 203521556 HOLDING REAL ESTATE WI 507237 WISCONSIN ALUMNI RESEARCH FOUNDATION TOWN CENTER DINING LLC 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 272845458 EVENT COORDINATOR WI MORGRIDGE INSTITUTE FOR RESEARCH 330 N ORCHARD ST MADISON WI 537151119 208325570 RESEARCH WI 501(C)(3) LINE 4 WISCONSIN ALUMNI RESEARCH FOUNDATION 1 WICELL RESEARCH INSTITUTE INC 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 391972235 RESEARCH WI 501(C)(3) LINE 7 WISCONSIN ALUMNI RESEARCH FOUNDATION 1 UNIVERSITY OF WISCONSIN-MADISON 1025 W JOHNSON ST MADISON WI 53706 396006492 EDUCATION WI 115 LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 WICELL RESEARCH INSTITUTE INC O 120642 PERCENT ALLOCATION MORGRIDGE INSTITUTE FOR RESEARCH INC O 547534 PERCENT ALLOCATION MORGRIDGE INSTITUTE FOR RESEARCH INC B 21059044 CASH WICELL RESEARCH INSTITUTE INC N 31060 PERCENT ALLOCATION