2016-11-14T08:38:25-06:00 2016-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY COURT ALBANY NY 12205 990 2015-07-01 237066616 PURCHASE COLLEGE FOUNDATION INC C/O SUNY PURCHASE PURC 9142516139 735 ANDERSON HILL ROAD PURCHASE NY 10577 CATHERINE M BROD EXECUTIVE DIRECTOR 9142516139 2016-11-08 1 JOHN C OLSEN P00321116 5184644080 2015 2017-02-10 21:41:12Z CATHERINE M BROD 735 ANDERSON HILL ROAD PURCHASE NY 10577 26007789 0 X N/A X 1969 NY THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION AND SUPPORT OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK. UNIQUELY, PURCHASE COLLEGE COMBINES BOTH RENOWNED AND HIGHLY SELECTIVE PROFESSIONAL AND CONSERVATORY ARTS PROGRAMS WITH DISTINGUISHED LIBERAL ARTS AND SCIENCES PROGRAMS. THE LARGEST PROGRAMS ARE IN VISUAL ARTS, MUSIC, LIBERAL STUDIES, PSYCHOLOGY, DANCE, BIOLOGY, JOURNALISM AND NEW MEDIA. 24 24 239 94 0 0 5761032 1665642 3030676 2610297 4053078 4302517 0 0 12844786 8578456 1884001 1921187 0 0 1653520 1405004 0 0 221782 4501063 4622337 8038584 7948528 4806202 629928 76692204 71219683 4519962 3057777 72172242 68161906 X THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION OF LITERATURE, HISTORY, VISUAL AND PERFORMING ARTS, SCIENCE AND OTHER DEPARTMENTS OF EDUCATION AT THE STATE UNIVERSITY OF NEW YORK AT PURCHASE. 0 0 2573502 2465294 THE PERFORMING ARTS CENTER, A FOUR THEATRE COMPLEX AT PURCHASE COLLEGE, IS THE MAJOR PROFESSIONAL, NOT-FOR-PROFIT ARTS PRESENTER IN SOUTHEASTERN NEW YORK-SOUTHWESTERN CONNECTICUT REGION. PRESENTATIONS INCLUDE PROFESSIONAL ARTISTS, SPECIAL PROGRAMS FOR K-12, VARIOUS SPECIAL EVENTS AND PRESENTATIONS BY PURCHASE COLLEGE CONSERVATORIES OF MUSIC, DANCE, AND THEATRE. 1921187 1921187 INSTITUTIONAL SCHOLARSHIPS ARE AWARDED BY THE COLLEGE USING FUNDS FROM THE PURCHASE COLLEGE FOUNDATION, AS WELL AS OTHER SOURCES. FOUNDATION FUNDS COME FROM THE GENEROUS CONTRIBUTIONS OF DONORS TO THE FOUNDATION. THESE DONORS ARE INDIVIDUALS, FAMILIES, FOUNDATIONS AND CORORATIONS. DURING THE 2015-16 ACADEMIC YEAR, APPROXIMATELY 57.2% OF THE STUDENTS RECEIVED FINANCIAL AID. 635272 79731 THE NEUBERGER MUSEUM OF ART IS THE PREMIER MUSEUM OF MODERN, CONTEMPORARY AND AFRICAN ART IN WESTCHESTER AND FAIRFIELD COUNTIES. A TEACHING MUSEUM, THE NEUBERGER PROMOTES THE APPRECIATION AND ENJOYMENT OF THE VISUAL ARTS AS INSEPARABLE FROM AN UNDERSTANDING OF THEIR PLACE IN CULTURAL AND INTELLECTUAL HISTORY AND THEIR RELEVANCE TO CONTEMPORARY SOCIAL LIFE. AS AN INTERGRAL PART OF PURCHASE COLLEGE AND A VITAL CENTER OF THE COMMUNITY ENGAGEMENT, THE NEUBERGER SUPPORTS LIFELONG LEARNING BY TAKING A CRITICAL, INTERDISCIPLINARY APPROACH TO ITS COLLECTIONS, EXHIBITIONS, AND PUBLIC PROGRAMS. APPROXIMATELY 58,000 VISITORS ATTEND THE MUSEUM EACH YEAR. 1947650 65272 OTHER PROGRAM SERVICES 1947650 65272 7077611 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 250 0 1 239 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY PA WA AK ME MA MI MN NH NJ OH SC CO CA HI MD NV ND UT WI X X KARL R DUCHEK 9142516139 735 ANDERSON HILL ROAD PURCHASE NY 105771400 X CATHERINE M BROD - EX OFFICIO TRUSTEE/EXEC DIRECTOR (JOINED JAN '16) 15.00 10.00 X 0 0 0 JEANNINE STARR - EX OFFICIO TRUSTEE/EXEC DIRECTOR (RESIGNED OCT '15) 15.00 10.00 X 0 0 0 LUCILLE WERLINICH CHAIR 4.00 1.00 X X 0 0 0 DONALD CECIL VICE CHAIR 3.00 X X 0 0 0 ANN SCHEUER TREASURER 1.00 X X 0 0 0 DIAN PETRILLO SECRETARY 3.00 X X 0 0 0 CARL AUSTIN TRUSTEE 1.00 1.00 X 0 0 0 SUSAN DUBIN TRUSTEE 1.00 X 0 0 0 THOMAS F EGAN TRUSTEE 2.00 X 0 0 0 ROBERT FEDER TRUSTEE 2.00 2.00 X 0 0 0 PETER M FISHBEIN TRUSTEE 3.00 X 0 0 0 LAWRENCE OTIS GRAHAM TRUSTEE 1.00 X 0 0 0 EMILY GRANT TRUSTEE 1.00 1.00 X 0 0 0 PHYLLIS HYACINTHE TRUSTEE 1.00 X 0 0 0 PATRICIA JACOBS TRUSTEE 2.00 X 0 0 0 WILLIAM KLINGENSTEIN TRUSTEE 1.00 X 0 0 0 DEBORAH SLANER LARKIN TRUSTEE 1.00 X 0 0 0 JUDITH J NOLAN - EX OFFICIO TRUSTEE 1.00 1.00 X 0 0 0 BARRY PEARSON - EX OFFICIO TRUSTEE 2.00 1.00 X 0 0 0 THOMAS J SCHWARZ - EX OFFICIO TRUSTEE 3.00 1.00 X 0 0 0 RUTH HINDERFELD TRUSTEE 1.00 X 0 0 0 MICHELLE C IFILL TRUSTEE 2.00 X 0 0 0 JUDITH A RIGGS TRUSTEE 2.00 X 0 0 0 JAMES SANDLING TRUSTEE 1.00 X 0 0 0 JOHN M TOLOMER TRUSTEE 1.00 X 0 0 0 ROBERT F WEINBERG TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 PURCHASE COLLEGE 735 ANDERSON HILL ROAD PURCHASE NY 10577 FEE FOR SERVICES 537341 BOSTON SYMPHONY ORCHESTRA INC 301 MASSACHUSETTS AVENUE BOSTON MA 02115 ARTIST FEES 165000 OPUS 3 ARTISTS 470 PARK AVENUE SOUTH NEW YORK NY 10016 ARTIST FEES 147000 COLUMBIA ARTIST MANAGEMENT LLC 1790 BROADWAY 16TH FLOOR NEW YORK NY 10019 ARTIST FEES 117000 4 306113 1359529 1665642 PERFORMING ARTS CENTER INCOME 711190 2465294 2465294 NEUBERGER MUSEUM OF ART 453220 79731 79731 OTHER INCOME 900099 50490 50490 PURCHASE COLLEGE FOUNDATION TICKE 711190 14782 14782 2610297 3378636 3378636 18353214 17429333 923881 923881 923881 8578456 2610297 0 4302517 X 1921187 1921187 1186534 982398 204136 185104 185104 33366 33366 33250 33250 144184 144184 1526211 1403193 50462 72556 234834 228643 6191 1110871 867757 164402 78712 148465 136760 1832 9873 15134 15134 36829 1094 35735 PRODUCTION 1073409 1067124 6285 RECEPTION EXPENSE 132608 100267 32341 REPAIRS AND MAINTENANCE 88372 88372 ACQUISITIONS/BAD DEBT 43322 43322 34848 19024 15824 7948528 7077611 649135 221782 5663532 3762756 1097374 997374 278837 233072 322788 221393 83768 46090 527405 443143 99396 84262 46279770 42495477 22637798 23243798 228941 135461 76692204 71219683 631372 235949 973146 786166 2915444 2035662 4519962 3057777 X 5748587 6546791 29246413 24685889 37177242 36929226 72172242 68161906 76692204 71219683 629928 -4640264 0 X X 0 1 X 1 0 X 3958281 4178524 1964124 5761032 1665642 17527603 83750 85770 87515 858585 854661 1970281 4042031 4264294 2051639 6619617 2520303 19497884 7448965 12048919 678728 991924 2275643 2854001 3378636 10178932 29676816 0.40600 0.41430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 63381666 417006 -468505 783594 2434869 60111704 62847380 1481172 1752807 774188 1925504 63381666 53727605 250736 11115191 539878 1706277 62847380 46290766 2554500 7063613 691396 1489878 53727605 45332808 2843429 314232 394400 1805303 46290766 0.04960 0.33610 0.61430 0 0 527405 443143 84262 84262 FIDELITY CONTRA FUND 12591075 F VANGUARD 500 INDEX ADMIRAL FUND 4603551 F MAIRS AND POWER GROWTH FUND 5848966 F INVESTMENTS HELD FOR GIFT ANNUITIES 200206 F 23243798 DUE TO STATE UNIVERSITY OF NEW YORK 339348 GIFT ANNUITY PAYABLE 95652 DUE TO PURCHASE COLLEGE ASSOCIATION 1480728 DUE TO AFFILIATES 119934 2035662 5107746 -4640264 854661 765144 -3020459 8128205 144138 306113 450251 8578456 9102487 854661 443436 1298097 7804390 144138 144138 7948528 PART IV, LINE 2B: THIS AMOUNT REFLECTS CUSTOMER DEPOSITS PERTAINING TO USE OF CERTAIN FACILITIES AT THE PERFMORMING ARTS CENTER AND ARE RETURNED ONCE ALL OBLIGATIONS ARE MET. PART XI, LINE 2D - OTHER ADJUSTMENTS: PURCHASE COLLEGE - PERFORMING ARTS CENTER FOUNDATION REVENUE 765,144. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITIES 306,113. PART XII, LINE 2D - OTHER ADJUSTMENTS: PURCHASE COLLEGE - PERFORMING ARTS CENTER FOUNDATION EXPENSES 443,436. PART V, LINE 4 THE ENDOWMENT FUNDS ARE DESIGNATED TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS OF SUNY PURCHASE COLLEGE. THE FUNDS ARE USED TO SUPPORT SCHOLARSHIPS AND CAMPUS PROGRAMS. 1 0 0 SCHOLARSHIPS ARE GIVEN TO STUDENTS BASED ON NEED, ACADEMIC PERFORMANCE AND ARTISTIC ACHIEVEMENTS. 755 1921187 PART I, LINE 2 95% OF INSTITUTIONAL SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS BY THE PURCHASE COLLEGE OFFICE OF STUDENT SERVICES. THE REMAINDER ARE AWARDED DIRECTLY TO CURRENT STUDENTS OF THE COLLEGE FOR EDUCATIONAL RELATED EXPENDITURES WHICH HELP TO ENRICH STUDENTS' COLLEGE EXPERIENCES AND SUPPORT THEIR ABILITY TO COMPLETE THEIR DEGREES. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING FORM 990, IT IS PROVIDED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR PERSONAL REVIEW AND QUESTIONING. SUBSEQUENTLY, AND PRIOR TO THE FILING OF THE PURCHASE COLLEGE FOUNDATION FORM 990, THE PERFORMING ARTS CENTER FOUNDATION FORM 990, AND THE PURCHASE COLLEGE FOUNDATION HOUSING CORPORATION FORM 990 (THE PRINCIPAL AFFILIATES), THE COMBINED AUDIT COMMITTEE WILL CONDUCT A REVIEW OF ALL THREE FORMS 990 WITH THE AUDITORS AND TAX PREPARERS PRESENT AND PARTICIPATING WITH MANAGEMENT IN THE PRESENTATION OF THESE FILINGS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY PROVIDES FOR ANNUAL WRITTEN ACKNOWLEDGEMENT BY EACH TRUSTEE OR OFFICER THAT EACH HAS READ AND IS FAMILIAR WITH THE CONFLICT-OF-INTEREST POLICY AND AS TO WHETHER OR NOT THE TRUSTEE OR OFFICER HAS A CONFLICT OF INTEREST. IF A CONFLICT EXISTS, THE COMPLETE DETAILS OF THE CONFLICT ARE TO BE DESCRIBED IN WRITING AND SUBMITTED TO THE BOARD CHAIR OR THE PRESIDENT. THE BOARD CHAIR OR PRESIDENT SHALL REFER THE ISSUE TO THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE (THE 'BODY') HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION. THE TRUSTEE OR OFFICER WHO DISCLOSES A DIRECT OR INDIRECT FINANCIAL INTEREST IN A PROPOSED OR EXISTING CONTRACT, TRANSACTION OR ARRANGEMENT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BODY, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSION OF, AND VOTE ON, THE CONTRACT, TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. EACH YEAR AT THE BOARD OF TRUSTEES' ANNUAL MEETING, THE CONFLICT-OF-INTEREST POLICY IS DISTRIBUTED AND WRITTEN ACKNOWLEDGMENTS SUBMITTED. DURING THE COURSE OF THE YEAR, FINANCIAL RESULTS AND TRANSACTIONS ARE REVIEWED FOR REASONABLENESS AND APPROPRIATENESS, INCLUDING WITH REGARD TO ANY POTENTIAL FOR THERE BEING A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 735 ANDERSON HILL ROAD, PURCHASE, NY 10577. FORM 990, PART IX, LINE 11G PERFORMER FEES: PROGRAM SERVICE EXPENSES 1,108,085. MANAGEMENT AND GENERAL EXPENSES 24,460. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,132,545. PURCHASED COLLEGE SERVICES: PROGRAM SERVICE EXPENSES 75,004. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,004. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 220,104. MANAGEMENT AND GENERAL EXPENSES 26,002. FUNDRAISING EXPENSES 72,556. TOTAL EXPENSES 318,662. FORM 990, PART XII, LINE 2C: THERE IS ONE AUDIT COMMITTEE FOR PURCHASE COLLEGE FOUNDATION, PERFORMING ARTS CENTER FOUNDATION, AND PURCHASE COLLEGE FOUNDATION HOUSING CORP. EACH OF THE RELATED ORGANIZATIONS' BOARD IS REPRESENTED ON THIS COMMITTEE. PERFORMING ARTS CENTER FOUNDATION INC 735 ANDERSON HILL ROAD PURCHASE NY 10577 134072259 SUPPORT THE PERFORMING ARTS CENTER AT SUNY PURCHASE NY 501(C)(3) LINE 11A, I PURCHASE COLLEGE FOUNDATION 1 PURCHASE COLLEGE FOUNDATION HOUSING CORP 735 ANDERSON HILL ROAD PURCHASE NY 10577 134086734 SEE EXPLANATION IN PART VII NY 501(C)(3) LINE 9 PURCHASE COLLEGE FOUNDATION 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PERFORMING ARTS CENTER FOUNDATION C 306113 COST FORM 990, SCHEDULE R, PART II NAME OF RELATED ORGANIZATION: PURCHASE COLLEGE FOUNDATION-HOUSING CORP. PRIMARY ACTIVITY: TO ACQUIRE, LEASE, CONSTRUCT, RENOVATE AND MAINTAIN DORMITORIES AT SUNY PURCHASE.