2016-05-12T19:56:23-05:00 2015-06-30 GRANT THORNTON LLP 757 THIRD AVE 2ND FLOOR NEW YORK NY 100172013 990 2014-07-01 116077945 Stony Brook Foundation Inc % JASON HSUEH STON 6316326536 230 Administration Stony Brook NY 11794 Dexter Bailey Executive Director 2125990100 2016-05-12 true Scott Thompsett P00741490 2125990100 2014 2016-08-17 19:52:53Z Dexter Bailey 230 Administration Stony Brook NY 11794 106348267 false X www.stonybrook.edu/foundation/ X 1965 NY To advance the mission and goals of Suny Stony brook (also referred to as Stony Brook University) by facilitating, accepting and managing philanthropic gifts. 22 20 7 0 1215610 1005314 55707361 39770483 2405584 2681837 7000572 6280272 753900 1243192 65867417 49975784 52844122 32075089 0 0 14291571 8796077 65000 65000 2572536 18665251 20198310 85865944 61134476 -19998527 -11158692 425456387 432581906 47845010 49313188 377611377 383268718 X The stony brook foundation, inc. Is a not-for-profit corporation without members formed in 1965 under the New York membership corporation law with the consent of the education department. Its exempt purpose is to advance the mission and goals of suny stony brook (also referred to as stony brook university) by facilitating, accepting, and managing philanthropic gifts and grants for the benefit of the university, the university medical center, and the long island state veterans home. false false 18149000 12690090 2681837 Stony Brook Foundation provided SUNY Stony Brook funds for various institutional support, including but not limited to: funding construction of cutting-edge facilities such as the Medicine and Research Translation (MART) Building and the Stony Brook Children's Hospital as well as substantial renovations of the current existing Stony Brook University Hospital, subsidized funding to support various SUNY Stony Brook strategic initiatives (Branding), and Stony Brook University departments such as Mathematics, Physics and the Turkana Basin Institute. 16740941 9085060 308718 Stony Brook Foundation provided funding to support various SUNY Stony Brook academic programs, Centers and Institutes in order to nurture academic achievement among SUNY Stony Brook students and faculty by providing funds to attract and retain exceptional faculty through the use of endowed chairs and endowed professorships, aid in curriculum enhancement as well as equip classrooms and laboratories with the latest technology. 6210426 3668627 Stony Brook Foundation provided support to SUNY Stony Brook in its efforts to maintain their reputation as a public research university that thrives on the forefront of discovery. As such, Stony Brook Foundation provides funding to support various areas of research including: cardiovascular research, cancer research (Stony Brook Cancer Center), pediatric multiple sclerosis research (Lourie Center for Pediatric Multiple Sclerosis), cardiovascular disease research (Dalio Center for Cardiovascular Wellness and Preventive Research), environmental and sustainability research (Shinnecock Bay Restoration Program), Parkinson disease research (The Thomas Hartman Center for Parkinson's Research), and many other various research efforts. 8216771 6631312 Public Serv., Admin. Supp. & Fin. Aid 8216771 6631312 49317138 true true false true false false false true true true true true false false true true false true false false true true false true true true false true true true false false false true false false false true true true false false false true true true false false true 10 1 true 7 true true true true BF BD CA CJ UC EI SW false false false true true false false false true false X 22 20 false false false false false false false true false false false true true true true true true true false AK CA CO FL GA HI KS KY MD MA MI MN NH NJ NY OH OK OR SC UT WV WI X JASON HSUEH 6316326536 230 ADMINISTRATION Stony Brook NY 11794 X Mr Richard L Gelfond Trustee/Chair 4.0 0.2 X X 0 0 0 Mr David E Acker Trustee/Vice Chair 1.0 0.1 X X 0 0 0 Dr James H Simons Trustee/Chair Emeritus 1.0 0.1 X X 0 0 0 Mr Cary F Staller Trustee/Secretary 1.0 1.1 X X 0 0 0 Dr Nancy Rauch Douzinas Trustee/Treasurer 1.0 0.1 X X 0 0 0 Ms Evelyn Berezin Trustee 0.5 0.1 X 0 0 0 Dr Ashvin B Chhabra Trustee 1.0 0.1 X 0 0 0 Dr Barry S Coller Trustee 0.5 0.1 X 0 0 0 Mr Guy-Max Delphin Trustee 0.5 0.1 X 0 0 0 Barry M Fox Esq Trustee 0.5 0.1 X 0 0 0 Mr Stuart D Goldstein Trustee 0.5 0.2 X 0 0 0 Ms Karen Keogh Trustee 0.5 0.1 X 0 0 0 Walter B Kissinger Trustee 0.5 0.2 X 0 0 0 Mr William L Knapp Trustee 0.5 0.1 X 0 0 0 Dr Laurie Landeau Trustee 0.5 0.1 X 0 0 0 Dr Henry B Laufer Trustee 0.5 0.1 X 0 0 0 Ms Dorothy Lichtenstein Trustee 0.5 0.1 X 0 0 0 Dr Nirmal Mattoo Trustee 0.5 0.1 X 0 0 0 Richard T Nasti Esq Trustee 0.5 0.2 X 0 0 0 Leonard A Spivak Esq Trustee 0.5 0.1 X 0 0 0 Dr Samuel L Stanley Jr Ex-Officio Trustee (Voting) 3.0 0.2 X 250000 0 0 Dr Leo A Guthart Trustee (Thru 09/2014) 0.5 0.1 X 0 0 0 MR Charles B Wang Trustee (thru 09/2014) 0.5 0.1 X 0 0 0 Ms Susan Steinhardt Trustee 0.5 0.1 X 0 0 0 mr Dexter Bailey Executive Director 4.0 1.1 X 185109 0 0 MR Jason W Hsueh COO 37.5 0.0 X 232916 0 97242 Ms Erin Abouzaid CIO 37.5 0.0 X 251627 0 105054 MR Lyle Gomes cfo 1.0 0.0 X 31152 0 17498 Dr Dionissios Assanis Prvost & SVP For Academic Aff. 0.0 0.0 X 238909 0 0 Dr Kenneth Kaushanksky Dean, School of Medicine 0.0 0.0 X 141720 0 0 Dr Lewis Pasternak CEO and VP for Health Systems 0.0 0.0 X 342500 0 0 1673933 0 219794 7 false true true Lessing's Inc 3500 Sunrise Highway Bldg 100 Ste GREAT RIVER NY 11739 Catering-Food 501931 Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 INVESTMENT MANAG. 485445 Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 INVESTMENT MANAG. 405847 Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 INVESTMENT MANAG. 388468 Investment Manager CO SBF 230 Administration STONY BROOK NY 11794 INVESTMENT MANAG. 371310 30 330620 2583399 5000 36851464 613423 39770483 CONTRACTUAL AGENCY FEES 711300 2681837 2681837 2681837 1620789 1215610 405179 0 36858 36858 306786 306786 0 306786 306786 59773105 780000 53249823 2643799 6523282 -1863799 4659483 4659483 280425 2583399 466588 -186163 -186163 18920 2373 16547 16547 4600 9900 -5300 -5300 CONTRACTED SERVICES 900099 738647 738647 NCAA ATHLETICS REVENUE 900099 239543 239543 MUSEUM ADMISSION TO THE PK HOUSE 900099 46997 46997 49277 22178 27099 1074464 49975784 2990555 1215610 5999136 29575884 29575884 955830 955830 1543375 1543375 0 1140550 250961 701189 188400 0 5250816 3502202 609726 1138888 0 2339453 1250224 557516 531713 65258 61968 3290 0 248319 248319 108850 108850 180000 180000 65000 65000 6564591 6564591 3007943 2601343 152434 254166 380744 361051 19693 1699717 1573545 23347 102825 175099 128593 8891 37615 0 585739 585168 346 225 1451955 1405489 4084 42382 0 2301425 2160667 7761 132997 97098 97098 0 317925 315245 2680 139390 71739 67651 EQUIPMENT AND RENTALS 1655828 1626951 3353 25524 BUILDING ALTERATIONS 697726 697726 EQUIPMENT REPAIR/MAINT 202649 200403 1493 753 RECRUITMENT 109343 108182 1161 273969 243494 2571 27904 61134476 49317138 9244802 2572536 7223738 12160380 55828032 60528804 115011535 77415876 0 256629 300000 180000 0 0 1108874 411419 46583 38317 405705 526001 14667526 2484767 14815405 12182759 32923441 33388912 197749355 232457834 0 3000000 0 0 43719 34975 425456387 432581906 6403634 8245153 0 0 4942580 67295 1625000 1435000 34342716 38977041 0 0 0 0 0 0 531080 588699 47845010 49313188 X 21519115 25714317 205353655 201923774 150738607 155630627 377611377 383268718 425456387 432581906 -11158692 16816033 X false true X true false X 25170085 175716151 77940808 55707361 39770483 374304888 0 0 25170085 175716151 77940808 55707361 39770483 374304888 187722629 186582259 708698 1870515 743646 747772 748823 4819454 627058 1341237 1437650 1014445 1215610 5636000 409241 515464 312244 382357 1069691 2688997 387449339 8697857 0.48157 0.45410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180000 180000 60954476 61134476 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 338051 228200 180000 180000 926251 250000 250000 250000 250000 1000000 1500000 Form 990, Schedule C, Part II-A, Line 1(B) The Foundation does not engage in any direct lobbying activity itself; the Foundation hires and outside lobbying consultant to advocate on behalf of educational and budget issues impacting Stony Brook University. 135001 6736777 X X X false false true X 196350990 9873999 17610964 9727041 6194796 207914116 154681221 40858611 15404060 9094839 5498063 196350990 125375578 28743981 14566320 8183308 5821350 154681221 110284200 22681138 5096804 10060290 2626274 125375578 101139144 5121378 9640817 4188270 1428869 110284200 0.00850 0.74790 0.24360 false false 1122854 1122854 6521514 2144692 4376822 125385 64797 60588 6897773 275278 6622495 12182759 INVESTMENTS IN CORE-PROPERTY 2102742 F INVESTMENTS IN DIVERSIFIED FIX 688011 F INVESTMENTS IN GLOBAL EQUITY 9336877 F INVESTMENTS IN MULTI-STRATEGY 139555212 F INVESTMENTS IN PRIVATE EQUITY 8216443 F INVESTMENTS IN US EQUITY FUNDS 72558549 F 232457834 0 ANNUITIES PAYABLE 588699 588699 X 67707422 16816033 446644 17262677 50444745 -468961 -468961 49975784 62050081 446644 468961 915605 61134476 61134476 Part III, Line 4: The foundation owns the Pollock-krasner house and study center. The center operates as a museum and library. The extensive research collections developed at the center attract scholars, students and researchers from around the world. The United States department of the interior has designated it as a national historic landmark. The foundation also owns various books, photographs, journal collections, and fine arts used to further the mission of suny stony brook by nurturing academic instruction, research, library and public service. Part IV, Line 2b The foundation holds funds as a trustee/disbursing agent for auxiliary agencies of stony brook university, which amounted to $38,977,041 as of June 30, 2015. Such amounts are included in cash and cash equivalents and other investments in the accompanying combined statements of financial position. The foundation charges fees to these agencies for administrative costs, based upon negotiated rates, which amounted to $2,681,837 for fiscal year 2015, which is included in contracts and other support in the combined statements of activities. Part V, Line 4: The Foundation's endowment is intended to subsidize its charitable mission of supporting Stony Brook University's educational programs. The Foundation leaves the endowment assets untouched, while using investment income therefrom to fund various charitable programs and initiatives. Part X Line 2 The Foundation follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Foundation is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Foundation has processes presently in place to ensure the maintenance of its respective tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. The tax years ending June 30, 2012, 2013, 2014, and 2015 are still open to audit for both federal and state purposes. The Foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Part XI, line 4b Special Events Expenses Reclassed to Revenue ($466,588) Gaming Events Expenses Reclassed to Revenue ($2,373) ----------- Total ($468,961) Part XII, line 2D Special Events Expenses Reclassed to Revenue $466,588 Gaming Events Expenses Reclassed to Revenue $2,373 ------------ Total $468,961 true Sub-Saharan Africa Grantmaking 1519728 Europe (Including Iceland and Greenland) Grantmaking 14470 Central America and the Caribbean Grantmaking 9177 Sub-Saharan Africa Program Services EDUCATION 3000000 Central America and the Caribbean Investments 181638897 186182272 186182272 Sub-Saharan Africa General support 88350 wire Sub-Saharan Africa Construction/Operations 1300000 wire Europe (Including Iceland and Greenland) Support News Literacy 14470 wire Central America and the Caribbean 9177 wire Sub-Saharan Africa General Support 131378 wire 5 true false true true true false Part I, Line 2 The foundation makes grants outside of the U.S only to organizations affiliated with stony brook university. In the case of a grant from funds of the foundation designated for a particular purpose, the designated account manager submits a requisition for the grant, together with supporting documentation, to the foundation's procurement department. A detailed justification for the grant is required, including the purpose of the grant. The grant request is reviewed, including for compliance with the terms of instrument designating the funds for a particular purpose, and approved. In the case of a request for more than $5,000, review, approval and manual check signature by the foundation's business office is required. In the case of grants from the foundation's unrestricted funds, a grantee submits a request, together with supporting documentation. A detailed justification for the grant is required, including the purpose of the grant. The budget committee, together with the foundation's executive director, reviews and approves grant request from the foundation's unrestricted funds. In all cases, at the end of the grant term, a final report regarding the use of the grant funds is submitted by the grantee to the foundation. Schedule F, Part IV STONY BROOK FOUNDATION, INC. INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE FOUNDATION'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE ORGANIZATION'S FORM 990-T. X X X X X X X true Event Associates Inc 162 W 56th NY 162 W 56th St NY NY 10019 Event Planning false 1971349 65000 1906349 1971349 65000 1906349 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SB GALA 2015 1963849 1885774 78075 7433 155778 25221 NAT. PEDIATRIC 198847 165205 33642 10286 32658 17 701128 532420 168708 450 128845 39626 66292 2863824 2583399 280425 7883 294909 39626 124171 466589 -186164 18920 1440 627 306 false 18920 1440 627 306 2373 16547 NY true false false false 1.00000 Jo-Ann Daniels 230 Administration Bldg Stony Brook NY 11794 false Jonathan Spier 0 Member in Charge X false Schedule G, PART III line 16 The individual in charge of overseeing the Foundation's gaming activities is not compensated for that job responsibility; he undertakes this role as part of his ordinary business endeavors. true RESEARCH FOUNDATION STONY BROOK UNIVERSITY S5422 FRANK MELVILLE JR MEM LIBR STONY BROOK NY 11794 141368361 501 (c)3 2352464 Research Awards STONY BROOK UNIVERSITY OFFICE 261 ADMINBLDG STONY BROOK NY 11794 146013200 Government 12927546 2178025 BOOK Equipment Edu & Inst support STATE UNIVERSITY CONSTRUCTION FUND 353 BROADWAY ROOM N-227 ALBANY NY 12246 146013200 Government 6430000 Construction CARDIOVASCULAR & IMAGING RESEARCH FOUNDATION OF NY 50 DAVIDS DRIVE HAUPPAUGE NY 11788 202597925 501 (c)3 1807226 Research Awards ALUMNI ASSOCIATION OF THE SUNY E 1315 FRANK MELVILLE JR MEMORIAL STONY BROOK NY 11794 510160098 501 (c)3 20000 Educational support NATIONAL MERIT SCHOLARSHIP CORP PO BOX 99389 CHICAGO IL 60693 362307745 501 (c)3 48000 Stud. Scholarships NYS DEPT OF TAX AND FINANCE NYS DEPT-004 ABA021300077 ALBANY NY 12227 146013200 Government 3032049 construction STONY BROOK university HOSPITAL PO BOX 29306 NEW YORK NY 10087 146013200 Government 579841 Research Awards FACULTY STUDENT ASSOCIATION 250 STUDENT UNION STONY BROOK NY 11794 111986378 501 (c)3 153293 Res Awards & Edu Supp GAUD TECH LLC 1330 LAVALLEY ROAD MOOERS NY 12958 465591391 16911 PRIZES & AWARDS MOSQUITOES BE GONE LLC 54 GATELOT AVENUE RONKONKOMA NY 11779 465767585 22500 prizes and awards 9 2 Stipends 212 570108 Prizes and Awards 548 356747 Student Aid 72 15801 13174 BOOK Edu Supplies Part I, Line 2: When the Foundation issues grants from funds with a purpose restriction, the designated account manager submits a requisition for the grant, together with supporting documentation, to the foundation's procurement department. A detailed justification for the grant is required, including the purpose of the grant. The grant request is reviewed, including for compliance with the terms of instrument designating the funds for a particular purpose, and approved. When the Foundation issues a grant for more than $5,000, Review, approval and manual check signature by the foundation's business office is required. When the Foundation issues a grant from unrestricted funds, A grantee submits a request, Together with supporting documentation. A detailed justification for the grant or direct payment, As applicable, is required including the purpose of the grant or direct payment, As applicable. The budget committee, together with the foundation's executive director, reviews and approves requests from the foundation's unrestricted funds. Depending on the type of grant and the grant recipient, at the end of the grant term, a final report regarding the use of the grant funds is submitted by the grantee to the foundation. In lieu of making grant payments, the foundation may pay expenses directly on behalf of a grantee. X false false X false false false false false false false false false Dr Samuel L Stanley Jr Ex-Officio Trustee (Voting) 250000 0 0 0 0 0 0 0 0 0 250000 0 0 0 mr Dexter Bailey Executive Director 6000 0 36261 0 142848 0 0 0 0 0 185109 0 0 0 Dr Dionissios Assanis Prvost & SVP For Academic Aff. 110000 0 0 0 128909 0 0 0 0 0 238909 0 0 0 Dr Lewis Pasternak CEO and VP for Health Systems 200000 0 142500 0 0 0 0 0 0 0 342500 0 0 0 MR Jason W Hsueh COO 232916 0 0 0 0 0 0 0 97242 0 330158 0 0 0 Ms Erin Abouzaid CIO 226627 0 25000 0 0 0 0 0 105054 0 356681 0 0 0 Part 1, line 1a The following individuals received a tax gross-up payment for their loan forgiveness, which was included in taxable income on their Form W-2 and is reported in Form 990, Schedule J, Part II, column (b)(iii): Executive Director, Dexter Bailey: $82,848 Provost & SVP for Academic Affairs, Dionissios Assanis: $68,909 Part I, line 3 The Foundation's Executive Director is a State University employee, and as such, the parameters of his compensation are not established by the Foundation, but by the State (an unrelated governmental entity). Accordingly, since the Foundation does not establish the Executive Director's compensation, Form 990, Schedule J, Question 3 is left blank. . Dexter Bailey Executive Director Housing X 300000 60000 false true true Dionissios AssaNIS Provost & SVP Housing X 300000 120000 false false true 180000 Dr James Simons Board member 65976302 Investments Held false Dr James Simons Board member 585824 Investment Fee false Schedule L, Part IV The Foundation holds investments with Board Member, Dr. James Simons', investment firm. The value of the Foundation's holdings with Dr. Simon's firm is $65,976,302; for the year ending June 30, 2015, the Foundation paid the investment firm $585,824 in investment management fees. X 10 135001 FMV X 1500 FMV X 1 6000 FMV X 29 469604 FMV X Piano 1 650 FMV X Supplies 6 668 FMV 3 false true true Schedule M, Line 32B To the extent the Foundation receives donations of securities, IT employs its OWN INVESTMENT BROKER TO liquidate those securities into cash for use in carrying out its charitable mission. Occasionally, the Foundation receives unique non-cash donations (e.g. of boats, etc); in those instances, the Foundation uses a third party vendor to dispose of the assets. Form 990, Part III, line 4d, other program services: Stony Brook Foundation also aids in SUNY Stony Brook's firm commitment to providing a dedicated educational and social support system that enables all their students to thrive, by providing funding to improve student, administrative and public services across SUNY Stony Brook as well as funding for scholarships, fellowship and prize and awards. Form 990, part VI, section A, line 1 The following committees of the Foundation's Board of Trustees have been delegated authority by the Board of Trustess. The Foundation's executive committee has all the power and authority of the Foundation Board ("Board") when the Board is not in session, except for the authority to fill vacancies in the board or any board committee, fix compensation for board trustees including any board committees or to amend, repeal or adopt new foundation bylaws. The Executive committee will also carry out any other responsibilities and duties delegated to it by the Board from time to time. The foundation's audit committee is responsible for overseeing the foundation's accounting and financial reporting processes, administering the foundation's conflict of interest and whistleblower policies, reviewing compensation of all conflicts of interest, procurement or termination and overseeing the foundation's trustees and officers insurance coverage and will also carry out any other responsibilities and duties delegated to it by the board from time to time. THe Foundation's budget committee is responsible for the general supervision of the FOundation's financial affairs and annual budget and will also carry out any other responsibilities and duties delegated to it by the borad from time to time. The Foundation's governance committee develops, reviews and recommends to the board, foundation corporate governance principles and will also carry out any other responsibilities and duties delegated to it by the board from time to time. The foundation's investment committee is responsible for the supervision of the foundation's investments and any individuals or entities to which investment management responsibility is delegated, the review of compensation of foundation investment managers who are also trustees or officers of the foundation and will also carry out any other responsibilities and duties delegated to it by the board from time to time. The Foundation's nominating committee assists the Board by identifying individuals qualified to become trustees and selction, or recommending that the board select, the candidates for all trusteeships to be filled by the board and will also carry out any other responsibilities and duties delegated to it by the board from time to time. Form 990, part VI, section A, line 8b: The foundation adopted policies pursuant to which the board and all committees of the board will contemporaneously document in minutes the meetings held (other than in executive session) And written actions undertaken. Form 990, Part VI, section B, Line 11 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 IS THEN FORWARDED TO THE EXECUTIVE COMMITTEE FOR REVIEW, COMMENT AND FINAL APPROVAL. THE FINAL VERSION IS CIRCULATED TO THE BOARD OF TRUSTEES. Form 990, Part VI, Section B, Line 12c: Pursuant to the Foundation's bylaws (article IV, Section 11), all Board of Trustees Members, officers and key employees are required to complete an annual conflict of interest certification. The Internal Revenue Service requires that the Foundation disclose relationships among current and certain former members of the Board of Trustees, officers, certain employees, family members, certain independent contractors and entities in which these individuals have an ownership interest. The Annual Certification requires each Trustee, officer and key employee of the Foundation to disclose in writing the existence of any potential conflicts of interest, to certify compliance with the conflict of interest policy and to agree to abide by it. The signed Certifications shall be maintained by the COO of the Foundation. If an individual becomes aware that he or she may be involved in a potentially conflicted transaction, he or she will immediately disclose the existence and material facts of his or her interest in the conflicted transaction to the Audit Committee or the Board of Trustees, as applicable. Board discussions pertaining to the conflict (and its resolution) are documented in the Board Minutes. Form 990, Part Vi, Section B, Lines 15A & 15B: The compensation paid to the Foundation's top management official (the Executive Director) is determined by an unrelated third party: the State of New York. The State has established compensation guidelines whereby compensation is capped at a specific level. The Foundation has no discretion to modify the compensation thresholds established by the State; however, the Foundation may provide additional compensation to individuals rendering services to the Foundation in an effort to attract talent and pay these individuals at a market rate. Compensation decisions made by the Foundation are approved by the Foundation's Board of Directors and memorialized in an employment contract. There is a salary cap for certain State University employees. SBF, as part of its mission to support the University, funds additional compensation to University employees so the University can recruit the best people for the job. It is stated in the employees' contract a portion of salary will come from SBF and another portion from the University, causing certain employees to receive 2 W-2's. Form 990, Part Vi Section C, Line 19: STONY BROOK FOUNDATION, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. The Form 990 is likewise published on the internet at www.guidestar.org. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. Form 990, Part VII In the interest of clarity, the Foundation is providing context on the compensation reported in both Part VII and Schedule J of the Form 990. The Foundation's Executive Director, Dexter Bailey, is a State University employee who undertakes two different job responsibilities: SENIOR VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT at the State University of Stony Brook and as Executive Director of the foundation. Mr. Bailey's compensation reported on Part VII of the Form 990 represents compensation paid by the Foundation for services rendered by Mr. Bailey in his capacity as Executive Director and not for any services he renders to the State University of Stony Brook. BENEFITS NOT DISCLOSED ON SCHEDULE J ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. Dr. Samuel Stanley, Ex-Officio Trustee, is a State University employee that participates in fundraising on behalf of the Foundation. Dr. Stanley's compensation reported on Part VII of the Form 990 represents amounts paid by the Foundation for his fundraising efforts. DR. STANLEY'S TOTAL COMPENSATION IS APPROVED BY THE SUNY CHANCELLOR. BENEFITS ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. COO, Jason Hsueh, and CIO, Erin AbouZaid, spend 100% of their time engaged in activities that support the Foundation; however, their compensation is paid by an unrelated third party tax-exempt organization and not directly by the Foundation. Compensation paid by an unrelated organization for services rendered to the Foundation is required to be disclosed in Part VII, Column (d) as though it had been paid by the Foundation. Chief Financial Officer, Lyle Gomes, is a State University employee who occasionally renders service to the Foundation. His compensation reported on Part VII represents an allocation of his State compensation that is attributable to services rendered to the Foundation. Compensation paid by an unrelated organization for services rendered to the Foundation is required to be disclosed in Part VII, Column (d) as though it had been paid by the Foundation. There is a salary cap for certain state university employees: Dr. Assanis, Dr. Kaushansky, and Dr. Pasternak. SBF, as part of its mission to support the University, funds additional compensation to university employees so the university can recruit the best people for the job. It is stated in the employees' contract a portion of salary will come from SBF and another portion from the university, causing certain employees to receive 2 W-2s. BENEFITS ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. Stony Brook Foundation Realty 230 Administration Stony Brook NY 11794 112622814 REAL ESTATE NY 501(c)(3) 11-I SBF true Stony Brook Foundation Delaware 230 Administration Stony Brook NY 11794 133550753 INACTIVE NY 501(c)(3) 11-I SBF true Long Island High Tech Incubator Inc 25 east loop road Stony Brook NY 11790 113059018 Develop Tech NY 501(c)(3) 09 NA false false false false false false false false false false false false false false true true false false false false