2016-05-11T14:00:41-05:00 2015-06-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-07-01 133219419 THE GRADUATE CENTER FOUNDATION INC GRAD 2128177660 365 FIFTH AVENUE 8TH FLOOR NEW YORK NY 10016 STUART SHOR SENIOR VP FOR FINANCE & ADMIN 2128177660 2016-05-11 1 AARON SHAPIRO P01333816 2128674000 2014 2016-08-17 19:52:53Z SEBASTIAN PERSICO 365 FIFTH AVENUE 8TH FLOOR NEW YORK NY 10016 10812345 0 X WWW.GC.CUNY.EDU X 1983 NY THE GRADUATE CENTER (GC) IS THE PRINCIPAL DOCTORATE-GRANTING INSTITUTION OF THE CITY UNIVERSITY OF NEW YORK. OFFERING MORE THAN THIRTY DOCTORAL DEGREES FROM ANTHROPOLOGY TO URBAN EDUCATION, AND FOSTERING GLOBALLY SIGNIFICANT RESEARCH IN A WIDE VARIETY OF CENTERS AND INSTITUTES, THE GC PROVIDES RIGOROUS ACADEMIC TRAINING IN THE HUMANITIES, SCIENCES, AND SOCIAL SCIENCES. THE GRADUATE CENTER IS HOME TO A CORE FACULTY OF APPROXIMATELY 140 TEACHERS AND MENTORS, VIRTUALLY ALL SENIOR SCHOLARS, MANY LEADERS IN THEIR DISCIPLINES, AND MORE THAN A THIRD HOLDING THE RANK OF DISTINGUISHED PROFESSOR-THE UNIVERSITY'S VERY HIGHEST ACADEMIC HONOR. FURTHER, AS THE ONLY CONSORTIUM OF ITS KIND IN THE NATION, THE GRADUATE CENTER DRAWS UPON MORE THAN 1,800 FACULTY FROM ACROSS THE CUNY COLLEGES, AS WELL AS FROM CULTURAL, ACADEMIC, AND SCIENTIFIC INSTITUTIONS THROUGHOUT NEW YORK CITY AND BEYOND. BY VIRTUE OF ITS COMPETITIVELY FUNDED DOCTORAL PROGRAMS, ITS EMPHASIS ON RESEARCH, AND WIDE-RANGING PROFESSIONAL TR 27 27 19 32 0 0 4236596 4149287 0 0 3454192 1761505 44916 123854 7735704 6034646 836596 2198204 0 0 1109061 1103845 0 0 513651 2213101 2339185 4158758 5641234 3576946 393412 41727673 40003311 331932 164743 41395741 39838568 X SEE SCHEDULE OTHE GRADUATE CENTER FOUNDATION IS COMMITTED TO PROMOTING AND SAFEGUARDING THE SUCCESS OF THE GRADUATE CENTER BY RAISING FUNDS AND MANAGING AND INVESTING DONATIONS FOR USE BY THE GRADUATE CENTER. THE BOARD OF TRUSTEES OF THE FOUNDATION SERVES AS ADVISORS TO THE PRESIDENT OF THE GRADUATE CENTER. THE BOARD WORKS TO HEIGHTEN THE VISIBILITY OF THE GRADUATE CENTER AND TO RAISE AWARENESS OF THE GRADUATE CENTER'S CONTRIBUTION TO HIGHER EDUCATION AND ITS CULTURAL VITALITY IN NEW YORK CITY.THE GRADUATE CENTER FOUNDATION HOUSING CORPORATION AND THE GRADUATE CENTER HOUSING CORPORATION - LIC ARE SUBSIDIARIES OF THE GRADUATE CENTER FOUNDATION. THE BOARD OF TRUSTEES OF THE HOUSING CORPORATION OVERSEES THE MANAGEMENT OF THE GRADUATE CENTER APARTMENTS ON EAST 118TH STREET. THE GRADUATE CENTER APARTMENTS PROVIDE AN AFFORDABLE HOUSING OPTION TO GRADUATE CENTER STUDENTS AND FACULTY. THE GRADUATE CENTER (GC) IS THE PRINCIPAL DOCTORATE-GRANTING INSTITUTION OF THE CITY UNIVERSITY OF NEW YORK. O 0 0 3883928 1167084 THE GRADUATE CENTER RECEIVED MAJOR GRANTS AND CONTRIBUTIONS IN SUPPORT OF OUR ACADEMIC SCHOLARSHIP IN FISCAL YEAR 2015. THE GRADUATE CENTER RECEIVED A $15 MILLION DOLLAR AWARD FROM NEW YORK STATE TO LEAD THE BIG DATA CONSORTIUM AT CUNY. THE CENTER FOR ADVANCED STUDY IN EDUCATION (CASE) AT THE GRADUATE CENTER IS ENGAGED IN A $3.2 MILLION PROJECT TO CONDUCT A STATE-WIDE ASSESSMENT OF THE COMMON CORE FOR THE NEW YORK STATE'S DEPARTMENT OF EDUCATION, AND FOR THE ANDREW W. MELLON FOUNDATION. 1031120 1031120 OPERATING GRANT TO GRADUATE CENTER FOUNDATION HOUSING CORPORATION LIC. 4915048 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 136 0 19 1 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X STUART SHOR 2128177660 365 FIFTH AVENUE 8TH FLOOR NEW YORK NY 10016 X GABRIELLA DE FERRARI CHAIR 1.00 X X 0 0 0 CRAIG KAPLAN VICE CHAIR 3.00 X X 0 0 0 JOHN MORNING VICE CHAIR 2.00 X X 0 0 0 MYRON S GLUCKSMAN TREASURER 2.00 X X 0 0 0 JOANNA MIGDAL SECRETARY 1.00 X X 0 0 0 AMABEL B JAMES BOARD MEMBER 1.00 X 0 0 0 BARBARA RIFKIND BOARD MEMBER 4.00 X 0 0 0 FORTUNA CALVO-ROTH BOARD MEMBER 1.00 X 0 0 0 REGINALD A CHAMBERS BOARD MEMBER 1.00 X 0 0 0 DARREN M FOGEL BOARD MEMBER 1.00 X 0 0 0 LYNN P HARRISON III BOARD MEMBER 1.00 X 0 0 0 MICHAEL HECHT BOARD MEMBER 1.00 X 0 0 0 ELIZABETH ROSEN MAYER BOARD MEMBER 1.00 X 0 0 0 STEVE SHOKOUHI BOARD MEMBER 1.00 X 0 0 0 JOHN H STREICKER BOARD MEMBER 3.00 X 0 0 0 JULIEN J STUDLEY BOARD MEMBER 1.00 X 0 0 0 MARTIN S TACKEL BOARD MEMBER-THROUGH JANUARY 2015 1.00 X 0 0 0 MIGS WOODSIDE BOARD MEMBER-THROUGH AUGUST 2014 1.00 X 0 0 0 MICHAEL ZIGMAN BOARD MEMBER-THROUGH DECEMBER 2014 1.00 X 0 0 0 SARAH E LEWIS BOARD MEMBER 1.00 X 0 0 0 ANNE B EHRENKRANZ BOARD MEMBER 1.00 X 0 0 0 MARIA GUTIERREZ BOARD MEMBER-THROUGH DECEMBER 2014 1.00 X 0 0 0 CAROLINE URVATER BOARD MEMBER 2.00 X 0 0 0 ROBERT HALPERN BOARD MEMBER-THROUGH AUGUST 2014 1.00 X 0 0 0 RAYMOND QUINLAN BOARD MEMBER 1.00 X 0 0 0 LIN I BILDNER BOARD MEMBER 1.00 X 0 0 0 LYNELL M JAMES BOARD MEMBER 1.00 X 0 0 0 ELIZABETH COOKE LEVY BOARD MEMBER 1.00 X 0 0 0 LYNN POVICH BOARD MEMBER 1.00 X 0 0 0 BYRON TUCKER BOARD MEMBER 1.00 X 0 0 0 KAREN ALTFEST BOARD MEMBER 1.00 X 0 0 0 DWIGHT LEE BOARD MEMBER 2.00 X 0 0 0 JAY GOLAN SENIOR VP FOR INSTITUTIONAL ADVAN 1.00 1.00 X 0 0 0 LOUISE LENNIHAN INTERIM PROVOST 1.00 X 0 0 0 SEBASTIAN PERSICO SR VP FOR FINANCE AND ADMI 1.00 11.00 X 0 0 0 CHASE F ROBINSON PRESIDENT 1.00 X 0 0 0 0 0 0 0 0 0 0 CUNY RESEARCH FOUNDATION 230 WEST 41ST STREET NEW YORK NY 10016 ADMINISTRATION 424797 HIRTLE CALLAGHAN & CO FIVE TOWER BRIDGE 300 BARR HARBOR WEST CONSHOHOCKEN PA 19428 INVESTMENT MANAGEMENT 172939 2 4149287 26988 4149287 622468 622468 5916736 4777699 1139037 1139037 1139037 MISCELLANEOUS 900099 123854 123854 123854 6034646 0 0 1885359 X 1031120 1031120 1117084 1117084 50000 50000 866897 658763 208134 165137 120874 44263 71811 54570 17241 2705 2705 23025 2515 20510 173910 173910 689548 643113 46435 123698 102824 20874 223122 163478 11073 48571 540 540 283550 272005 11545 414016 301090 112926 11666 10110 1556 8231 1964 6267 RESEARCH 240000 240000 HONORARIA 119703 119703 25471 23130 775 1566 5641234 4915048 212535 513651 2616723 498175 1090105 3391815 989147 366212 64221 39829 58327 26073 28218 32254 36243849 32184959 176065 2858895 519345 631172 41727673 40003311 331932 136577 0 28166 331932 164743 X 3302326 2622967 14163329 13274778 23930086 23940823 41395741 39838568 41727673 40003311 X 393412 -1947065 -3520 X X 0 1 X 1 0 X 4575914 2960649 5989478 4236596 4149287 21911924 4575914 2960649 5989478 4236596 4149287 21911924 4833820 17078104 698836 605129 1480988 709761 622468 4117182 252048 240807 229485 44916 123854 891110 26920216 0.63440 0.61380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4000 206375 X X X 0 0 29385271 10737 110954 869676 28637286 26420116 545963 3361756 942564 29385271 23641349 1045544 1733223 26420116 25077687 41006 -1477344 23641349 23541027 172260 1984168 619768 25077687 0.83600 0.16400 0 0 58327 26073 32254 32254 CHARITABLE GIFT ANNUITIES 177851 F HEDGE FUND 2681044 F 2858895 ANNUITY PAYABLE 28166 28166 X 14812423 -1947065 27956 10696886 8777777 6034646 0 6034646 7051806 27956 2413736 2441692 4610114 1031120 1031120 5641234 PART III, LINE 4: THE GRADUATE CENTER ACCEPTS GIFTS OF ART IN KEEPING WITH ITS EDUCATIONAL MISSION TO INTERPRET VISUAL ART AND ADVANCE SCHOLARLY RESEARCH ON ART AND THE HISTORY OF ART. THE GRADUATE CENTER ALSO PRESERVES AND EXHIBITS ART, SHARING KNOWLEDGE CREATED AT THE GRADUATE CENTER WITH THE PUBLIC AND USING THE ART TO INSPIRE AND EDUCATE THE PUBLIC. PART V, LINE 4: THE ENDOWMENT FUNDS PROVIDE INCOME TO: SUPPORT CUNY GRADUATE CENTER IN ATTRACTING DISTINGUISHED FACULTY, PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO CUNY GRADUATE CENTER STUDENTS, AND DEVELOP ACADEMIC PROGRAMS. PART X, LINE 2: THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2012 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL LOSS -3,520. RELATED ORGANIZATION REVENUE 10,700,406. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 2,413,736. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER TO HOUSING - LIC 1,031,120. 1 0 0 0 0 0 0 0 0 0 EUROPE TO SUPPORT THE ONGOING HARMONIZING WEALTH AND INCOME DATA PROJECT 50000 CHECK 1 1 0 0 0 0 0 0 PART I, LINE 2: THE UNIVERSITY USES PROGRAM-SPECIFIC GUIDELINES TO MONITOR THE PROGRESS OF GRANT ACTIVITIES. THE GUIDELINES OUTLINE THE SCOPE OF WORK, ESTABLISHED DEADLINES, AND THE CONTENT OF SPECIFIC REPORTS/DELIVERABLES IN A MANNER CONSISTENT WITH THE TERMS AND CONDITIONS OF THE FUNDING AGENCY AND GRANT AWARD. PRINCIPAL INVESTIGATORS PREPARE PROGRAMMATIC PROGRESS REPORTS (AS REQUIRED) THAT ASSESS PROGRAM ACTIVITIES. THIS OVERSIGHT ENSURES ACCURACY AND COMPLIANCE IN FINANCIAL MANAGEMENT, PROPER MAINTENANCE OF GRANT MANAGEMENT DOCUMENTATION, AND THE ACHIEVEMENT OF PROGRAMMATIC DELIVERABLES AND OBJECTIVES. 1 GRADUATE CENTER FOUNDATION HOUSING CORPORATION LIC 365 FIFTH AVE NEW YORK NY 10016 461461744 501(C)(3) 1031120 GENERAL OPERATING SUPPORT 1 0 FELLOWSHIP 296 1117084 PART I, LINE 2: DOCTORAL PROGRAMS CONSIDER ACADEMIC MERIT WHEN MAKING AWARDS, AS WELL AS OTHER PRACTICAL AND ACADEMIC FACTORS. ONCE A PROGRAM'S AWARDS COMMITTEE HAS MADE A NOMINATION, THE OFFICE OF FINANCIAL AID NOTIFIES THE STUDENT OF THE AWARD AND COLLECTS THE REQUIRED DOCUMENTATION NEEDED TO PAY THE AWARD. U.S. CITIZENS AND PERMANENT RESIDENTS AS WELL AS INTERNATIONAL STUDENTS ARE ELIGIBLE FOR INSTITUTIONAL AID. SOME AWARDS SUCH AS NAMED FELLOWSHIPS, REQUIRE ADDITIONAL SUPPORTING MATERIALS, WHICH ARE NOTED IN THE DESCRIPTION OF THE INDIVIDUAL AWARDS. DISSERTATION-YEAR AWARD APPLICATIONS ARE REVIEWED BY THE OFFICE OF THE PROVOST. DISSERTATION-YEAR AWARDS: STUDENTS ARE INFORMED OF THE COMPETITION AND APPLICATIONS ARE MADE AVAILABLE DURING THE FALL SEMESTER. THE DUE DATE FOR APPLICATIONS IS EARLY FEBRUARY. STUDENTS SUBMIT APPLICATIONS THAT INCLUDE A TEN-PAGE PROPOSAL ON THEIR DISSERTATION RESEARCH, A TWO-PAGE CV AND ONE LETTER OF RECOMMENDATION FROM THE STUDENTS' ADVISOR. EACH STUDENT ALSO PROVIDES THE PROVOST'S OFFICE WITH COPIES OF THEIR TRANSCRIPTS. THE PROVOST'S OFFICE USUALLY RECEIVES ABOUT 200 APPLICATIONS PER YEAR (275 THIS YEAR). THE PROVOST'S OFFICE COMPILES THE APPLICATION PACKET (INCLUDING THE REFERENCE LETTERS AND TRANSCRIPTS) AND ORGANIZES INTERDISCIPLINARY PANELS BY ACADEMIC CLUSTER (SOCIAL SCIENCES, HUMANITIES, SCIENCES/MATH). THERE ARE USUALLY ABOUT 15 PANELS, OF APPROXIMATELY 20 PROPOSALS EACH. THE EXECUTIVE OFFICERS ARE ASKED TO RECOMMEND FACULTY MEMBERS TO SERVE AS REVIEWERS AND THE APPLICATION PACKETS ARE SENT TO THOSE REVIEWERS. USUALLY EACH PANEL IS COMPOSED OF PROPOSALS FROM 3 DIFFERENT DISCIPLINES, WITH A FACULTY MEMBER FROM EACH OF THE REPRESENTED DISCIPLINES. AFTER REVIEWING THE PROPOSALS ON THEIR OWN, THE PANEL MEMBERS MEET AT THE GC TO DISCUSS AND RANK THE TOP 5-7 PROPOSALS OUT OF THEIR GROUP OF APPROXIMATELY 20 APPLICATIONS. AFTER ALL THE PANELS HAVE MET, THE PROVOST AND ASSOCIATE PROVOST MAKE THE FINAL DECISIONS ON AWARDS. THE HIGHEST RANKED APPLICANT ON EACH PANEL RECEIVES A MAJOR DISSERTATION FELLOWSHIP, AND DEPENDING ON THE NUMBER OF FELLOWSHIPS AVAILABLE, ADDITIONAL AWARDS ARE GIVEN, BASED ON THE PANEL RANKINGS. SOME OF THE AWARDS HAVE SPECIFIC TOPICS OR THEMES AND THESE AWARDS ARE, SIMILARLY, MADE BASED ON THE HIGHEST RANKED PROPOSAL THAT MEETS THE SPECIFIC AWARD CRITERIA. SEVERAL OF THE DISSERTATION FELLOWSHIPS ARE REVIEWED OUTSIDE OF THE PROVOST'S OFFICE BY SPECIFIC CENTERS AND INSTITUTES (I.E., THE LEVY CENTER FOR BIOGRAPHY, THE RALPH BUNCHE INSTITUTE, THE EU STUDIES CENTER, ETC.). STUDENTS APPLICATIONS FOR THESE AWARDS ARE FORWARDED TO THE RELEVANT CENTERS FOR REVIEW. THEY ARE ALSO REVIEWED BY THE PANELS CONVENED BY THE PROVOST'S OFFICE. STUDENTS MAY ONLY RECEIVE ONE AWARD (OF $10,000 OR MORE. IN SOME CASES, SMALLER AWARDS, OF $2,000-$5,000 MAY BE COMBINED). AFTER ALL PANELS HAVE MET, AND THE PROVOST AND ASSOCIATE PROVOST HAVE MADE FINAL AWARD DECISIONS, STUDENTS ARE NOTIFIED OF THE DECISIONS. X 1 4000 FAIR MRKT APPRAISAL X 2 22988 FMV 0 0 0 PART I, COLUMN (B): THIS REPRESENTS THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE FORM 990, A DRAFT IS SENT TO ALL MEMBERS OF THE AUDIT COMMITTEE FOR ITS REVIEW. THE REVIEW OF THE FORM 990 (DRAFT) IS INCLUDED ON THE AUDIT COMMITTEE'S MEETING AGENDA. THE AUDIT COMMITTEE REVIEWS THE 990 AND PRESENTS TO THE FULL BOARD. THE MINUTES OF THE MEETING OF THE AUDIT COMMITTEE RECORD THE TIMING AND NATURE OF THAT REVIEW. AFTER BOARD APPROVAL, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST FORM ANNUALLY. IF THERE IS A POTENTIAL CONFLICT, IT IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND CONSIDERATION. INDIVIDUALS WITH A CONFLICT ARE EXCLUDED FROM THE DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST FORMS ARE PROVIDED UPON REQUEST. THE MOST RECENT ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE ON WWW.GC.CUNY.EDU WEBSITE. PRIOR YEARS' ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G EDUCATIONAL CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 643,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 34,105. TOTAL EXPENSES 677,218. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 12,330. TOTAL EXPENSES 12,330. FORM 990, PART XI, LINE 9: ACTUARIAL LOSS -3,520. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GRADUATE CENTER FOUNDATION HOUSING CORPORATION 365 FIFTH AVENUE NEW YORK NY 10016 262227891 CREATE AFFORDABLE HOUSING FOR STUDENTS & FACULTY OF THE GRADUATE CENTER NY 501(C)(3) LINE 11A, I THE GRADUATE CENTER FOUNDATION INC 1 GRADUATE CENTER FOUNDATION HOUSING CORPORATION LIC 365 FIFTH AVENUE NEW YORK NY 10016 461461744 CREATE AFFORDABLE HOUSING FOR STUDENTS & FACULTY OF THE GRADUATE CENTER NY 501(C)(3) LINE 11A, I THE GRADUATE CENTER FOUNDATION INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRADUATE CENTER FOUNDATION HOUSING CORPORATION LIC B 1031120 CASH