2016-03-30T18:38:22-05:00 2015-06-30 420714325 RSM US LLP 105 8TH AVENUE SE SUITE 300 OLYMPIA WA 985011386 990 2014-07-01 830403915 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY TOWE 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 LESLIE ROHN COO 4089241765 2016-03-22 1 ANTONIA GOH CPA P00187374 3607547244 2014 2016-08-17 19:52:53Z LESLIE ROHN ONE WASHINGTON SQUARE SAN JOSE CA 951920183 121861715 0 X WWW.SJSU.EDU/TOWERFOUNDATION X 2004 CA ASSISTANCE TO ACADEMIC PROGRAMS & FACILITIES, STUDENT SCHOLARSHIPS, FACULTY, & ATHLETICS PROGRAMS 35 25 476 29 0 11457 15521255 15291809 2950213 3017893 11740051 5617568 296693 884899 30508212 24812169 2544390 3581923 0 0 4319532 4562058 0 0 0 10501757 9127933 17365679 17271914 13142533 7540255 169115111 171070749 2427835 1488026 166687276 169582723 THE TOWER FOUNDATION'S MISSION IS TO ENCOURAGE PHILANTHROPY AMONG SJSU ALUMNI AND FRIENDS BY PROVIDING HIGH QUALITY, RELIABLE, AND RESPONSIVE CHARITABLE GIVING SERVICES, DONOR STEWARDSHIP, AND ACCURATE ACCOUNTING FOR ALL GIFTS. 0 0 14894882 3581923 3765082 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES OF PROMOTING AND ADVANCING THE OBJECTIVES OF SAN JOSE STATE UNIVERSITY. PRIMARY PURPOSES INCLUDE PROVIDING ASSISTANCE TO ACADEMIC PROGRAMS, LIBRARIES, CLASSROOMS, LABORATORIES, STUDENT SCHOLARSHIPS, FACULTY FELLOWSHIPS AND PROFESSORSHIPS, FACULTY RESEARCH AND COMMUNITY PROJECTS, AND ATHLETICS PROGRAMS. 14894882 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 125 0 1 476 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 35 25 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X LESLIE ROHN 4089241765 ONE WASHINGTON SQUARE SAN JOSE CA 951920183 X REBECCA DUKES CEO (UNTIL NOV 2014) 40.00 0.50 X X 8315 282491 64767 CONSTANCE B MOORE DIRECTOR 0.50 X 0 0 0 AMIR MASHKOORI CHAIRMAN OF THE BOARD 0.50 X 0 0 0 ANTHONY JACKSON DIRECTOR 0.50 X 0 0 0 PAUL LANNING CEO 40.00 X X 0 0 0 THERESA MENDOZA CEO (UNTIL JUNE 2015) 40.00 X X 0 0 0 CYNTHIA THAWLEY DIRECTOR 0.50 X 0 0 0 CHARLES W DAVIDSON DIRECTOR 0.50 X 0 0 0 CYNTHIA LAZARES DIRECTOR 0.50 X 0 0 0 DANA C DITMORE DIRECTOR 0.50 X 0 0 0 DAVID WENG DIRECTOR 0.50 X 0 0 0 DONALD L LUCAS DIRECTOR 0.50 X 0 0 0 EDWARD OATES DIRECTOR 0.50 X 0 0 0 GARY J SBONA DIRECTOR 0.50 X 0 0 0 JAMES JIMENEZ DIRECTOR 0.50 X 0 0 0 JENNY MING DIRECTOR 0.50 X 0 0 0 JOHN W BAIRD DIRECTOR 0.50 X 0 0 0 JOSEPH P PARISI DIRECTOR 0.50 X 0 0 0 KEITH LEE BARNES DIRECTOR 0.50 X 0 0 0 KIM POLESE DIRECTOR 0.50 X 0 0 0 LARRY B BOUCHER DIRECTOR 0.50 X 0 0 0 LESLIE C FRANCIS DIRECTOR 0.50 X 0 0 0 PETER V UEBERROTH DIRECTOR 0.50 X 0 0 0 PHILLIP R BOYCE DIRECTOR 0.50 X 0 0 0 ROBERT PISANO DIRECTOR 0.50 X 0 0 0 STEPHEN H CAPLAN DIRECTOR 0.50 X 0 0 0 RICHARD CONNIFF DIRECTOR 0.50 X 0 0 0 WANDA HENDRIX DIRECTOR 0.50 X 0 0 0 ANDY FEINSTEIN EX OFFICIO 0.50 X 0 226437 74308 BETH VON TILL EX OFFICIO 0.50 40.00 X 2000 76754 33228 RICHARD THAWLEY DIRECTOR 0.50 X 0 0 0 GENE BLEYMAIER EX OFFICIO 0.50 40.00 X 164227 224531 66376 MICHAEL J KAUFMAN EX OFFICIO 0.50 40.00 X 0 103214 46408 MOHAMMAD QAYOUMI EX OFFICIO 0.50 40.00 X 25000 341221 91450 SHAWN BIBB EX OFFICIO (UNTIL MAR 2015) 0.50 40.00 X 0 234568 70992 ROD DIRIDON DIRECTOR 0.50 X 0 0 0 COLEETTA MCELROY EX OFFICIO 0.50 40.00 X 0 110489 33523 JOSEE LAROCHELLE EX OFFICIO 0.50 40.00 X 0 176546 56976 LESLIE ROHN SECRETARY & COO 40.00 X 0 108666 36409 RONALD CARAGHER HEAD COACH, FOOTBALL 0.00 40.00 X 277832 257620 80559 477374 2142537 654996 2 0 1 0 0 55275 2274966 12961568 881508 15291809 ADMINISTRATION FEE 611170 3017893 3017893 3017893 2526429 2526429 99996232 96905093 3091139 3091139 3091139 282163 55275 144453 137710 137710 OTHER 611170 747189 747189 747189 24812169 3765082 0 5755278 3562383 3562383 19540 19540 211496 211496 3066669 2298342 768327 30541 30541 1218482 660601 557881 34870 12505 22365 16325 10902 5423 349016 349016 466450 466450 801653 756898 44755 88005 68746 19259 1995204 1829202 166002 90596 38170 52426 597230 580309 16921 867946 867946 528691 528691 14007 4988 9019 ADMINISTRATION FEE 3017888 2901757 116131 STUDENT SUPPORT & INCEN 147640 147640 DUES & SUBSCRIPTIONS 127460 119990 7470 LICENSES 15664 15664 4158 4158 17271914 14894882 2377032 0 29588379 31164174 14783490 13199313 17461 3983903 4034333 211591 219351 100770082 84805655 17707180 35956142 1362935 983979 707551 690341 169115111 171070749 1716159 804111 711676 683915 2427835 1488026 X 6555264 8841699 70669446 64134374 89462566 96606650 166687276 169582723 169115111 171070749 X 7540255 -4640003 -4805 X X 0 1 X 1 0 X 17767014 13109385 38660320 15521255 15291809 100349783 17767014 13109385 38660320 15521255 15291809 100349783 100349783 1693194 2202985 2473535 2776170 2526429 11672313 137710 137710 112159806 13324494 0.89470 0.89720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117679105 1722517 1108824 466697 120043749 98282638 2878179 16867445 349157 117679105 73000242 16402733 9274418 394755 98282638 73099988 1197836 -849965 447617 73000242 55209068 5581450 12623969 314499 73099988 0.12880 0.80480 0.06640 0 0 0 DODGE & COX INTL STOCK FUND 9928837 F IVA INTERNATIONAL FUND-I 10028435 F FPA CRESCENT FUND 15998870 F 35956142 FUNDS HELD IN TRUST LIABILITY - CURRENT 97456 FUNDS HELD IN TRUST LIABILITY - NONCURRENT 586459 683915 20235274 -4640003 144447 -4495556 24730830 81339 81339 24812169 17339827 149252 149252 17190575 81339 81339 17271914 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 144,453. ROUNDING -6. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISC NONCASH GIFTS 81,339. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 144,453. UNCOLLECTIBLE PLEDGES 4,805. ROUNDING -6. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISC NONCASH GIFTS 81,339. PART V, LINE 4: THE FOUNDATION RECEIVES DONATIONS RESTRICTED TO ENDOWMENT BY DONORS. SUCH DONATIONS ARE INVESTED IN ACCORDANCE WITH THE FOUNDATION'S INVESTMENT POLICY. THE ENDOWMENT PORTFOLIO IS COMPRISED OF A BLEND OF INVESTMENTS AND IS PROFESSIONALLY MANAGED. THE FINANCE AND INVESTMENT COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE INVESTMENT PORTFOLIO, MONITORING PERFORMANCE OF THE INVESTMENTS AND APPROVING NEW FUND MANAGERS. PART X, LINE 2: ALTHOUGH THERE WAS NO FORMAL FOOTNOTE RELATED TO ASC 740 IN THE FINANCIAL STATEMENT, MANAGEMENT DETERMINED AND ITS AUDITORS CONFIRMED THAT NO ASC 740 LIABILITIES EXISTED AT YEAR END. CAYMAN ISLANDS 0 0 INVESTMENTS 849000 0 0 0 0 0 0 849000 0 849000 1 0 0 1 0 0 MINETA AWARDS BANQUET 84850 6450 78400 1520 14503 7353 PRESIDENT'S CUP GOLF TOURNAMENT 73715 7500 66215 280 11850 12953 11991 7 178873 41325 137548 4573 39464 30068 1900 7997 337438 55275 282163 4853 52834 57524 1900 27341 144452 137711 1 SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95912 770414438 3549553 SCHOLARSHIPS AND REIMBURSED SALARIES AND BENEFITS CSU MONTEREY BAY 100 CAMPUS CENTER SEASIDE CA 93955 10830 SCHOLARSHIPS 2 SCHOLARSHIPS 25 19540 PART I, LINE 2: THE TOWER FOUNDATION FUNDS SCHOLARSHIPS THAT ARE AWARDED TO STUDENTS OF SAN JOSE STATE UNIVERSITY (SJSU). THE SCHOLARSHIPS ARE DIRECTED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND ITS ATHLETICS DEPARTMENT, WHICH EVALUATE APPLICANTS TO ENSURE THEY MEET THE CRITERIA STIPULATED BY THE DONOR. THE AMOUNT OF SCHOLARSHIPS AWARDED BY SJSU'S FINANCIAL AID AND SCHOLARSHIP OFFICE AND FUNDED BY THE TOWER FOUNDATION WAS $2,277,645. ADDITIONALLY, THE TOWER FOUNDATION REIMBURSES SJSU FOR CERTAIN SALARIES AND BENEFITS PAID TO UNIVERSITY PERSONNEL. THE AMOUNT OF FUNDS GRANTED TO SJSU FOR THIS PURPOSE DURING THE FISCAL YEAR REPORTED ON THIS RETURN WAS $1,271,908. X X 1 1 0 0 0 0 0 0 0 0 0 REBECCA DUKES CEO (UNTIL NOV 2014) 8315 282491 0 0 0 0 0 46285 0 18482 8315 347258 0 0 ANDY FEINSTEIN EX OFFICIO 0 226437 0 0 0 0 0 50942 0 23366 0 300745 0 0 GENE BLEYMAIER EX OFFICIO 101950 224531 62277 0 0 0 0 50412 0 15964 164227 290907 0 0 MOHAMMAD QAYOUMI EX OFFICIO 25000 341221 0 0 0 0 0 73796 0 17654 25000 432671 0 0 SHAWN BIBB EX OFFICIO (UNTIL MAR 2015) 0 234568 0 0 0 0 0 52682 0 18310 0 305560 0 0 JOSEE LAROCHELLE EX OFFICIO 0 176546 0 0 0 0 0 39687 0 17289 0 233522 0 0 RONALD CARAGHER HEAD COACH, FOOTBALL 272832 257620 5000 0 0 0 0 58049 0 22510 277832 338179 0 0 PART I, LINE 3: THE ORGANIZATION'S CEO IS COMPENSATED BY SAN JOSE STATE UNIVERSITY (SJSU), A RELATED ORGANIZATION. SJSU ESTABLISHES THE COMPENSATION OF THE ORGANIZATION'S CEO BASED ON GUIDELINES OF THE UNIVERSITY AND THROUGH THE USE OF A COMPENSATION SURVEY OR STUDY. SABRA DIRIDON SABRA DIRIDON IS THE DAUGHTER-IN-LAW OF THE BOARD DIRECTOR, ROD DIRIDON 45606 SABRA DIRIDON IS AN EMPLOYEE OF THE SAN JOSE STATE UNIVERSITY. HER COMPENSATION IS REIMBURSED BY TOWER FOUNDATION. 0 X 1 120 FAIR MARKET VALUE X 80 FAIR MARKET VALUE X 180 FAIR MARKET VALUE X 63 800169 STOCK MARKET QUOTES X 20 7977 FAIR MARKET VALUE X MISC & MULTIPLE ITEMS 50 36101 FAIR MARKET VALUE X EQUIPMENT 11 32559 FAIR MARKET VALUE X GIFT CERTIFICATES 42 3821 FAIR MARKET VALUE X TICKETS 5 501 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE SAN JOSE STATE UNIVERSITY PRESIDENT WHO IS A BOARD DIRECTOR OF THE FOUNDATION HAS THE SOLE AUTHORITY TO APPOINT THE BOARD MEMBERS FOR THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE TOWER FOUNDATION'S AUDIT COMMITTEE REVIEWS THE 990 FORM IN DETAIL WITH TOWER MANAGEMENT. THE 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. MINUTES KEPT FOR THE AUDIT COMMITTEE AND BOARD OF DIRECTORS DOCUMENT THE PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND RELATED DISCLOSURE STATEMENT IS REVIEWED ON AN ANNUAL BASIS AT THE TOWER FOUNDATION AUDIT COMMITTEE MEETING IN NOVEMBER. THE COMMITTEE RECOMMENDS ANY CHANGE TO THE POLICY AND DISCLOSURE FORM. THIS POLICY AND THE DISCLOSURE FORM ARE THEN PRESENTED AT THE DECEMBER MEETING TO TOWER BOARD MEMBERS. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE THE DISCLOSURE FORM AND THE FORMS ARE COLLECTED BY TOWER MANAGEMENT. IF THERE ARE ANY DISCLOSED CONFLICTS, THEY ARE ADDRESSED AT THE SUBSEQUENT AUDIT COMMITTEE MEETING AND PRESENTED TO THE BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES ARE GENERALLY COMPENSATED BY SAN JOSE STATE UNIVERSITY, A RELATED ORGANIZATION OF THE TOWER FOUNDATION. THEREFORE, THE TOWER FOUNDATION HAS NOT ESTABLISHED COMPENSATION POLICIES FOR THESE INDIVIDUALS. HOWEVER, SAN JOSE STATE UNIVERSITY DETERMINES COMPENSATION FOR THE TOWER FOUNDATION'S CEO, OFFICERS AND KEY EMPLOYEES BASED ON REVIEW AND APPROVAL BY INDEPENDENT PERSONS AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D: CSU POLICY REQUIRES THAT STIPEND PAYMENTS BY AN AUXILIARY TO A CSU EMPLOYEE BE MADE THROUGH THE AUXILIARY'S PAYROLL. ACCORDINGLY, SOME PAYMENTS MADE TO UNIVERSITY EMPLOYEES ON BEHALF OF SJSU ARE REFLECTED AS COMPENSATION FROM THE TOWER FOUNDATION ON FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D. FORM 990, PART XI, LINE 9: UNCOLLECTED PLEDGES -4,805. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. SJSU TOWER REAL ESTATE FUND LLC ONE WASHINGTON SQUARE CLARK HALL SAN JOSE CA 95192 999999999 REAL ESTATE MANAGEMENT CA 0 0 THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 770414438 STATE UNIVERSITY CA 115 N/A 0 HILO PROJECT LLC 1346 THE ALAMEDA STE 7 PMB 269 SAN JOSE CA 95126 263694655 HOUSING INVESTMENT HI N/A EXCLUDED SECTION 512 -5122 1391069 0 0 0.70320 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 SAN JOSE STATE UNIVERSITY B 3549553 FMV SAN JOSE STATE UNIVERSITY P 2070156 FMV SAN JOSE STATE UNIVERSITY Q 480181 FMV SAN JOSE STATE UNIVERSITY L SAN JOSE STATE UNIVERSITY N SAN JOSE STATE UNIVERSITY R 320293 FMV SAN JOSE STATE UNIVERSITY S 2274966 FMV