2016-05-12T09:24:02-05:00 2015-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2014-07-01 237104179 THE GENESEO FOUNDATION INC GENE 5852455518 1 COLLEGE CIRCLE DOTY 325 GENESEO NY 144541485 KEVIN GAVAGAN OFFICER/DIRECTOR 5852490778 2016-05-06 1 MICHELLE CAIN P00150750 5854231860 2016-05-05 2014 2016-08-17 19:52:53Z KEVIN GAVAGAN 1 COLLEGE CIRCLE DOTY 325 GENESEO NY 144541485 31039567 0 X FOUNDATION.GENESEO.EDU X 1971 NY THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 25 25 9 35 0 0 5786104 2848662 276978 323521 7407 9049172 19794 20863 6090283 12242218 1056034 1278015 0 0 148744 87627 0 0 193852 1386818 1761687 2591596 3127329 3498687 9114889 34012994 34171526 335745 443504 33677249 33728022 X THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 0 0 826971 826971 THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $826,971. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 413305 413305 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $413,305. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 1260421 37739 323521 COLLEGE ACTIVITIES WERE SUPPORTED BY THE GENESEO FOUNDATION TO ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. EXAMPLES INCLUDE PROFESSIONAL CONFERENCES/CONVENTIONS/MEETINGS, PURCHASES OF EQUIPMENT FOR CAMPUS IMPROVEMENT PROJECTS, SUPPORT FOR SPEAKERS AND GUEST LECTURERS, MEMBERSHIP FEES, PURCHASES OF PROFESSIONAL PUBLICATIONS AND PRINTING OF CAMPUS PUBLICATIONS, NEWSLETTERS AND BROCHURES, RECEPTIONS FOR LECTURERS,INTERNSHIP PRESENTATIONS, FACULTY/STUDENT AWARD PROGRAMS, AND MINORITY STUDENT PROGRAMS. 2500697 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X THE GENESEO FOUNDATION INC 5852455606 SUNY GENESEO-DOTY 325 GENESEO NY 144541485 ROBERT J AVALLONE BOARD MEMBER 1.00 X 0 0 0 JOHN T CAMIOLO SECRETARY 1.00 X X 0 0 0 JOSEPH L CARR BOARD MEMBER 1.00 X 0 0 0 CHARLES KLEMAN BOARD MEMBER 1.00 X 0 0 0 JAMES N LEARY VICE CHAIR 1.00 X X 0 0 0 DANIEL G LOUGHRAN BOARD MEMBER 1.00 X 0 0 0 GREGORY O'CONNELL BOARD MEMBER 1.00 X 0 0 0 MYRTLE A MERRITT EMERITA PARTIAL YEAR BOARD MEMBER 1.00 X 0 0 0 JANE RYAN BOARD MEMBER 1.00 X 0 0 0 ERIC RORAPAUGH BOARD MEMBER 1.00 X 0 0 0 BRIAN J SALUZZO PARTIAL YEAR BOARD MEMBER 1.00 X 0 0 0 JACK KRAMER CHAIR 2.00 X X 0 0 0 KEVIN GAVAGAN TREASURER 2.00 X X 0 0 0 JEFFREY J CLARKE PARTIAL YEAR BOARD MEMBER 1.00 X 0 0 0 JENNIFER DUNLAP BOARD MEMBER 1.00 X 0 0 0 JAMES S HOUSTON BOARD MEMBER 1.00 X 0 0 0 RAYMOND L KOTCHER PARTIAL YEAR BOARD MEMBER 1.00 X 0 0 0 FRANK L VAFIER PARTIAL YEAR BOARD MEMBER 1.00 X 0 0 0 DANIEL B WARD BOARD MEMBER 1.00 X 0 0 0 DAVID C TURNER BOARD MEMBER 1.00 X 0 0 0 GEORGE W SPEEDY BOARD MEMBER 1.00 X 0 0 0 MICHAEL J EBLE PARTIAL YEAR BOARD MEMBER 1.00 X 0 0 0 JOHN A GLEASON BOARD MEMBER 1.00 X 0 0 0 KEVIN M CANTY BOARD MEMBER 1.00 X 0 0 0 WILLIAM H BROWER III EX-OFFICIO BOARD MEMBER 1.00 X 70089 0 19737 CHRISTOPHER C DAHL PARTIAL YEAR EX-OFFICIO BO 1.00 X 0 0 0 MOLLENE BENISON BOARD MEMBER 1.00 X 0 0 0 BARBARA BILODEAU BOARD MEMBER 1.00 X 0 0 0 KRISTIN GRAHAM KOEHLER BOARD MEMBER 1.00 X 0 0 0 ROBERT MURRAY BOARD MEMBER 1.00 X 0 0 0 JOHN 0'MALLEY BOARD MEMBER 1.00 X 0 0 0 JONNA SHUTOWICK BOARD MEMBER 1.00 X 0 0 0 ROBERT WALLEY BOARD MEMBER 1.00 X 0 0 0 JON HYSELL EXECUTIVE DIRECTOR 40.00 X 136245 0 57484 206334 0 77221 1 0 1 1 0 250126 38465 2560071 2848662 COLLEGE SERVICE ACTIVITIES 611710 323521 323521 323521 232563 232563 27613958 18797349 8816609 8816609 8816609 DELEHANTY TRUST DISTRIBUTIONS 711110 20863 20863 20863 12242218 9160993 0 232563 37739 37739 1240276 1240276 75508 36732 38776 5275 417 4858 6844 3328 3516 28171 28171 143942 143942 102960 51456 23090 28414 52550 52550 469306 360342 40760 68204 4335 4335 COLLEGE ACTIVITIES 471471 420184 27401 23886 STEWARDSHIP & COLLEGE R 257787 183078 15776 58933 SUPPLIES 147254 145249 1886 119 MEMBERSHIP FEES 41805 13618 6971 21216 42106 3943 45083 -6920 3127329 2500697 432780 193852 247307 245186 2197530 192367 2853065 2343856 15474 17765 408859 505101 1159 316735 137706 183364 179029 27221436 29794528 885959 892535 34012994 34171526 90800 215567 244945 227937 335745 443504 X 4772468 5187336 11055093 10164003 17849688 18376683 33677249 33728022 34012994 34171526 X 9114889 -9054827 -9289 X X 0 1 X 1 0 X 2954870 5492513 2453158 5602618 2664536 19167695 2943631 2675451 2152289 2433347 2532349 12737067 5898501 8167964 4605447 8035965 5196885 31904762 1310681 30594081 326268 370179 421383 472495 232563 1822888 17827 17952 15028 19794 20863 91464 33819114 1626681 0.90460 0.89440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 815520 X X 0 26093712 3001000 -2955 -389241 29480998 21137979 900000 4122637 66904 26093712 16841797 1593500 2760196 57514 21137979 14243746 2480000 168181 50130 16841797 11329022 634000 2325120 44396 14243746 1 0 86092 86092 169761 76824 92937 60882 60882 0 179029 REAL ESTATE & RELATED PROPERTY 114000 C STATE ST/CLOVER BOND FUNDS 648527 F SCOTTRADE EQUITIES 253118 F QCI EQUITIES 76367 F NEPC 28702516 F 29794528 ANNUITY & LIFE INCOME OBLIGATION 225382 DUE TO THE AFFLIATE 2555 227937 X 5322845 -9054827 2282223 23639 -6748965 12071810 149545 20863 170408 12242218 5265610 2282223 2282223 2983387 143942 143942 3127329 PART X, LINE 2: THE FOUNDATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE FOUNDATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2015, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2012. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2012 THROUGH JUNE 30, 2015 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND THE TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE FOUNDATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED GAIN - DELEHANTY TRUST 14,430. INTEREST AND DIVIDEND INCOME FROM DELEHANTY TRUST 9,209. LOSS ON SALE OF FIXED ASSETS PART XI, LINE 4B - OTHER ADJUSTMENTS: DELEHANTY TRUST DISTRIBUTIONS 20,863. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NET OF DELEHANTY TRUST FEES 143,942. 1 SUNY GENESEO ONE COLLEGE CIRCLE GENESEO NY 14454 146013200 501(C)(3) 37739 TO ASSIST THE COLLEGE IN PROVIDING ACTIVITIES THAT WILL ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $598,405. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 418 826971 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $383,108. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 25 413305 0 0 0 0 0 0 0 0 0 WILLIAM H BROWER III EX-OFFICIO BOARD MEMBER 45089 0 25000 0 0 0 7027 0 12710 0 89826 0 0 0 JON HYSELL EXECUTIVE DIRECTOR 126495 0 9750 0 0 0 20466 0 37018 0 193729 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE BOARD, REVIEWED FOR ACCURACY AND FILED UPON APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED TO COMPLETE A STATEMENT AT THE FIRST MEETING OF THE YEAR STATING WHAT, IF ANY CONFLICTS OF INTEREST HAVE ARISEN. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT -28,001. LIFE INCOME OBLIGATION ADJUSTMENTS 21,539. UNREALIZED LOSSES ENDOWMENT FUNDS-DELEHANTY -2,827. FORM 990, PART XI, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS.