2016-03-08T06:27:49-08:00 2015-06-30 990 2014-07-01 066070722 The University of Connecticut Foundation Inc UNIV 8604865000 2390 Alumni Drive Storrs CT 06269 Gerald Ganz VP of Finance & CFO 2016-03-08 2014 2016-08-17 19:52:53Z Gerald Ganz 2390 Alumni Dr Storrs CT 06269 80812193 false false X www.foundation.uconn.edu X 1964 CT The University of Connecticut Foundation, Inc.'s mission is to solicit, receive, invest and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. 42 41 158 50 334068 -484312 34817846 33051328 8294551 8794195 21866531 38446358 -209755 56796 64769173 80348677 48656729 35315512 0 12168445 12092212 836686 658450 13492867 9103643 9183245 70765503 57249419 -5996330 23099258 488971265 481833240 52062430 46051305 436908835 435781935 X The University of Connecticut Foundation, Inc.'s mission is to solicit, receive, invest and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. false false 10902220 10902220 Scholarships, awards and fellowships.The University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of financial aid for University of Connecticut students. To ensure compliance with all University, federal and state financial aid requirements the University selects the student recipients and makes the awards directly to students. After receiving appropriate documentation from the University the Foundation provides grants to the University to fund financial aid expenditures.The expenditures are funded from investment income earned on endowment funds restricted to financial aid and gifts restricted for financial aid. 9105653 9105653 Program ServicesThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of programs at the University. Generally the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly. 8324031 8324031 Endowed chairs and professorshipsThe University of Connecticut Foundation, Inc. received gifts on behalf of donors restricted to the support of University of Connecticut faculty compensation and research. To ensure compliance with all University and state personnel policies and for W-2 reporting purposes the University pays all faculty directly for compensation related items. After receiving appropriate documents from the University the Foundation provides grants to the University to fund faculty compensation expenditures. For non-compensation expenditures in support of faculty (e.g., research materials and equipment), generally the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly.The expenditures are funded from investment income earned on endowment funds restricted to support of faculty. 6983608 6983608 8794195 35315512 true true false true false false false false true true true true false true true false false true false false true false false true true false false true false true true false false false false false false false false false false true false false false false true true false false false true 154 0 true 158 true true true true OC false false false true true true 1 false false false false false false false false false false X 42 41 false false false false false false false true true false false true true true true true true true true false AK CA DC KY LA MA MD ME MI MN MP NH NJ NY OH OR SC UT WA WI WV X X X Gerald Ganz 8604865000 2390 Alumni Drive Storrs CT 06268 Josh Newton President 40.00 0.00 X X 404418 0 30630 Walter R Allen Director 1.00 0.00 X 0 0 0 Kenneth Alleyne Dir until 11/14 1.00 0.00 X 0 0 0 Craig Ashmore Director 1.00 0.00 X 0 0 0 George Aylward Director 1.00 0.00 X 0 0 0 David Barton Dir until 11/14 1.00 0.00 X 0 0 0 Alan Bennett Dir until 11/14 1.00 0.00 X 0 0 0 Mark Boxer Director 1.00 0.00 X 0 0 0 Melinda Brown Director 1.00 0.00 X 0 0 0 Patrick Campion Director 1.00 0.00 X 0 0 0 Micheal Cantor Director 1.00 0.00 X 0 0 0 Noha Carrington Director 1.00 0.00 X 0 0 0 William Clemens III Director 1.00 0.00 X 0 0 0 Gerald DesRoches Director 1.00 0.00 X 0 0 0 Drew Figdor Director 1.00 0.00 X 0 0 0 Albert Foreman Dir until 11/14 1.00 0.00 X 0 0 0 Mark Freitas Dir until 11/14 1.00 0.00 X 0 0 0 Clintin Gartin Director 1.00 0.00 X 0 0 0 Mary Ann Gilleece Secretary 1.00 0.00 X X 0 0 0 Jonathon Greenblatt Director 1.00 0.00 X 0 0 0 David Greenfield Director 1.00 0.00 X 0 0 0 Janet Hansen Dir until 11/14 1.00 0.00 X 0 0 0 Mickey Herbert Director 1.00 0.00 X 0 0 0 Lisa Klauser Director 1.00 0.00 X 0 0 0 Carla Klein Director 1.00 0.00 X 0 0 0 Donna Krenicki Director 1.00 0.00 X 0 0 0 Douglas Lawrence Director 1.00 0.00 X 0 0 0 Coleman Levy Chairman 1.00 0.00 X X 0 0 0 Frank Logobardi Jr Director 1.00 0.00 X 0 0 0 John Malfettone Treasurer 1.00 0.00 X X 0 0 0 Kimberly Manning Director 1.00 0.00 X 0 0 0 Benjamin Michelson Director 1.00 0.00 X 0 0 0 Joseph Papa Dir until 11/14 1.00 0.00 X 0 0 0 Lucille Protas Director 1.00 0.00 X 0 0 0 William Quilann III Director 1.00 0.00 X 0 0 0 John Rafal Director 1.00 0.00 X 0 0 0 John Ritter Director 1.00 0.00 X 0 0 0 Marsha Roth Director 1.00 0.00 X 0 0 0 Adam Schwartz Director 1.00 0.00 X 0 0 0 Mark Shenkman Director 1.00 0.00 X 0 0 0 Robert Sherman Director 1.00 0.00 X 0 0 0 Mark Sinatro Director 1.00 0.00 X 0 0 0 Robert Skinner Director 1.00 0.00 X 0 0 0 Daniel Toscano Director 1.00 0.00 X 0 0 0 Wendy Watkins Director 1.00 0.00 X 0 0 0 Connie Weaver Director 1.00 0.00 X 0 0 0 Nadine West Director 1.00 0.00 X 0 0 0 Harriet Munrett Wolfe Director 1.00 0.00 X 0 0 0 Elease Wright Dir until 11/14 1.00 0.00 X 0 0 0 Eric Zachs Director 1.00 0.00 X 0 0 0 Gerald Ganz CFO fr 3/15 40.00 0.00 X 0 0 0 Melissa Maynard CFO 7/14-3/15 40.00 0.00 X 111525 0 27038 Kevin Edwards VP until 7/14 40.00 0.00 X 171824 0 25910 Deborah Cunningham Vice President of Administration 40.00 0.00 X 190222 0 17364 Brian Otis VP for Development 40.00 0.00 X 216700 0 36044 Suzanne O'Conor Legal Counsel 40.00 0.00 X 205043 0 19603 Frank Gifford AVP Development 40.00 0.00 X 175188 0 32589 Jennifer Grey AVP Central Progra 40.00 0.00 X 142809 0 18768 Thomas Scarlett System Architect 40.00 0.00 X 141000 0 33052 Ronald Fleury DO Law School 40.00 0.00 X 141431 0 29744 John Martin Former President and CFO 0.00 0.00 X 279727 0 0 2179887 270742 27 true true false Ruffalo Cody PO Box 3018 Cedar Rapids IA 52406 Phone Solicitations 535022 Albourne America LLC 655 Montgomery Street San Francisco CA 94111 Invest Consulting 240000 Wilshire Associates 1299 Ocean Avenue Suite 700 Santa Monica CA 90401 Invest Consulting 234000 PricewaterhouseCoopers PO Box 7247-8001 Philadelphia PA 19170 Accounting 181340 Gold Orluck & Partners LLP PO Box 846 Avon CT 06001 Event Planning 178367 6 1160832 31890496 4707291 33051328 Univ. Endow Admin Fee 900099 165696 165696 Univ. Fee for Service 900099 8628499 8628499 8794195 8710287 8710287 0 0 0 29736071 29736071 29736071 334068 29402003 520312 1160832 463516 56796 56796 0 0 0 80348677 8794195 334068 38169086 35315512 35315512 0 0 0 1231675 548852 682823 0 8500613 1785129 6715484 576230 121008 455222 1047308 219935 827373 736386 154641 581745 0 49725 10442 39283 108520 108520 30000 30000 658450 658450 4711775 4711775 45950 9649 36301 90948 19099 71849 199809 41960 157849 453362 95206 358156 0 263328 55299 208029 281623 59141 222482 0 66753 14018 52735 379838 79766 300072 0 861858 180990 680868 166666 35000 131666 Special Events 317078 317078 Printing and Publications 277320 58237 219083 Donor Cultivation & Promotion 248347 248347 Consulting 185004 38851 146153 445341 93522 351819 57249419 35315512 8441040 13492867 1657854 3008039 2982607 3523655 33540603 32580686 229855 376280 0 0 0 17639 17079 317821 286750 10854570 4332939 7231414 6521631 216138988 214563469 89185298 71418435 0 0 137669186 149537216 488971265 481833240 10786780 6317717 25775000 25510000 15381713 14109553 118937 114035 52062430 46051305 X 3403885 -725715 101464986 96700872 332039964 339806778 436908835 435781935 488971265 481833240 X 23099258 -24168392 -57766 X false true X true false X 32185542 39505200 44574176 34817846 33051328 184134092 0 0 32185542 39505200 44574176 34817846 33051328 184134092 4529066 179605026 6271420 3329883 7000357 9827124 8710287 35139071 0 0 219273163 43100185 0.81910 0.83400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 30000 4696 34696 57214723 57249419 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 59014 66002 47774 34696 207486 250000 250000 250000 250000 1000000 1500000 41862 51136 30030 30000 153028 Part I-A, Line 1 - Direct and Indirect Political Campaign Activities Direct and Indirect Political Campaign Activities. The University of Connecticut Foundation does not participate in political campaigns. false true X 369444000 8242000 7957000 12749000 4715000 368179000 330178000 11719000 43520000 12173000 3800000 369444000 301637000 17340000 25956000 11127000 3628000 330178000 303625000 11132000 324000 10226000 3218000 301637000 263049000 14333000 39732000 10249000 3240000 303625000 0.00600 0.97700 0.01700 false false false 201361 201361 6372171 2309948 4062223 383993 164013 219980 1226297 1070819 155478 2670748 788159 1882589 6521631 71418435 Capital leases 71631 CSV - Life Insurance Policies 523858 Deferred Bond Issuance 488730 Endowment held for University 11717023 Fund held in trust by others 19211408 Investment in R&D 353415 Limited Partnership Investments 117171151 149537216 Accrued Debt Service Interest 114034 Rounding 1 114035 53422288 -24168392 -3221513 -27389905 80812193 -463516 -463516 80348677 54422297 1884653 1884653 52537644 4711775 4711775 57249419 Part IV, Line 2b: Explanation of escrow account liability The Foundation is named as the trustee and remainder beneficiary of several charitable remainder trusts. In addition, the Foundation has entered into contracts with donors for charitable gift annuities for which the Foundation has accepted contributions. The present value of the liability for future payments is reflected on the Foundation's balance sheet.The Foundation has a contractual arrangement to act as the University's agent in managing the University's endowment assets ensuring consistent management of endowment assets that support the University regardless of entity ownership. Part V, Line 4: Intended uses of the endowment fund. The Foundation's endowment funds provide grants to the University of Connecticut. The grants may be used to provide scholarships to University of Connecticut students, compensation and research support for University of Connecticut faculty, and general program support for University of Connecticut academic and athletic programs. The use of all endowment funds is subject to any restriction placed on funds by donors. All disbursements are subject to the Foundation's policy on disbursements: including the amount of the expenditure must be reasonable, for a legitimate business purpose, and with no private benefit. Part XII, Line 2d: Other expenses and losses per audited F/S Event Expenses $463516 R&D Expenses $1421137 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Investment Fees $4711775 Europe 0 0 Investments 19755135 Central America and the Caribbean 0 0 Investments 47707694 North America 0 0 Investments 9584388 Europe 0 0 Fundraising 145295 North America 0 0 Fundraising 56618 77249130 77249130 true false true true true false Part I, Line 3f - Method of Accounting Foreign expenditures are separately identified on the organization's books and records. X X X X X X true Ruffallo Cody PO Box 3018 Cedar Rapi IA 52406 Phone Solicitat false 856080 503135 352945 Gold Orluk & Partners LLC Avon CT 06001 Event Planner false 867590 155315 712275 1723670 658450 1065220 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA UT WA WV WI WY White Coat Gala 407547 310818 96729 8175 140819 3656 Calhoun Celebrity Golf Classic 366113 182912 183201 3773 55231 1500 384 13 907484 667102 240382 36955 167584 12426 13226 19787 1681144 1160832 520312 48903 363634 12426 14726 23827 463516 56796 true University of Connecticut 352 Mansfield Road Unit 2048 Storrs CT 06269 060772160 35315512 0 1 0 Additional Supplemental Information Fund Administration staff receives appropriate documentation prior to making disbursements to ensure compliance with grant restrictions, and to ensure such disbursements are reasonable. true true X X X false true false false false false false true false false Brian Otis VP for Development 210000 6700 17336 18708 252744 Deborah Cunningham Vice President of Administration 173722 16500 15218 2146 207586 Frank Gifford AVP Development 175188 14015 18574 207777 Jennifer Grey AVP Central Progra 142809 11425 7343 161577 John Martin Former President and CFO 279727 279727 Josh Newton President 355008 43750 5660 20800 9830 435048 Kevin Edwards VP until 7/14 159324 12500 13746 12164 197734 Ronald Fleury DO Law School 136431 5000 11314 18430 171175 Suzanne O'Conor Legal Counsel 195043 10000 16403 3200 224646 Thomas Scarlett System Architect 140000 1000 11314 21738 174052 Part I, Line 7: Non-Fixed payments not listed above The Foundation may give performance based awards based on formal review and with approval of Foundation management and board. A CHEFA 060806186 20774UJD8 2007-01-23 7252762 Refunding Series A false false false B CHEFA 060806186 2013-04-24 20000000 Construction project false false false A 2045000 7974994 502944 236705 7235346 false true true true B 20000000 270526 19729474 false false true true A false false false false false false false true B false false false false false false true A false true false false false true B true true false false false true A true B true Part VI Part IV 3c Arbitrage - the rebate calculation was completed in February 2012 and no rebate was due. X 228 3757291 X 1 950000 Appraisal 1 false true false Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Program ServicesThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of programs at the University. Generally the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly. OTHER PROGRAM SERVICES 5: The University of Connecticut provides payment to the Foundation for fund-raising and development expenses. The Foundation also earns a fee for management of endowment funds held by the University. Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee The Foundation Board has given the Executive Committee that consists of the Chair, Vice Chair, Chair of the Nominating and Board Governance Committee, Foundation President, and three or more at-large Board Members full power and authority as the Board. The Executive Committee may meet and exercise all such powers and authority in the interim between the meetings of the Board. The Executive Committee may not fill Board vacancies, amend certificate of incorporation, adopt amend or repeal bylaws, approve plan for merger, approve sale, lease, exchange or other disposition of all, or substantially all, of the property, approve a proposal to dissolve the Corporation. Form 990, Part VI, Line 11b: Form 990 Review Process The Form is prepared by the Foundation and reviewed by management and the Foundation's Audit Committee. The Form is provided to the entire Board before it is filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually the Foundation's board members, officers and employees are sent a copy of the Foundation's Conflict of Interest questionnaire that they are required to complete and return to the Foundation. The responses are then reviewed by the Foundation's in-house legal counsel, with any potential conflicts reviewed with the Nominating and Governance Committee of the Board and the full Board as appropriate. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Foundation's salary structure is market-driven and undergoes a rigorous, periodic review under which compensation levels are compared to organizations of similar size and mission. The salaries and benefits of the UCONN Foundation's officers and key employees are subject to approval in advance of payment by a majority of disinterested directors on the HR Committee of the Board of Directors and subsequently by a majority of disinterested directors on the Executive Committee of the Board of Directors. The officers and key employees are not in a position of control with respect to either Committee. The Committees rely on appropriate comparability data in determining the reasonableness of the compensation packages. Minutes adequately documenting the basis for the HR Committee and the Executive Committee's decisions are maintained. The approval of compensation packages occurs in June for compensation to be paid in the subsequent fiscal year. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees See 15a Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Foundation's financial statements and conflict of interest policy are posted on the Foundation's web site and on the Electronic Municipal Market Access system (EMMA), which is available to the public. The Foundation also posts an annual report and annual debt filing on EMMA. The Foundation's Articles of incorporation, IRS Determination Letter and By-laws are available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases Bad Debt Expense = -$349631 Other Changes In Net Assets Or Fund Balances - Other Decreases Change in net assets not owned = -$126891 Other Changes In Net Assets Or Fund Balances - Other Decreases R&D Expense = -$1421137 Other Changes In Net Assets Or Fund Balances - Other Increases R&D Revenue = $1839893 Form 990, Part III, Line 1 The mission of The University of Connecticut Foundation, Inc.'s is to solicit, receive, invest and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. The Foundation operates exclusively to promote the educational, scientific, cultural, research and recreational objectives of the University of Connecticut. As the primary fund-raising vehicle to solicit and administer private gifts and grants to enhance the University's mission, the Foundation supports the University's pursuit of excellence in teaching, research, and public service. Part V, Question 4 b Foreign countries which an account with a financial interest in was located duringthe calendar year:Bermuda, Canada, Cayman Islands, and Ireland. Schedule R - Related Organizations While the mission of the Foundation is to support the University, under IRS instructions the University does not meet the definition of a "related organization". The Foundation has ten ex-officio board members, six of whom serve by virtue or their position as a University employee. None of the six University employees are counted in determining quorum and none are entitled to vote on matters before the Board. No compensation is paid by the Foundation for their service as directors. UConn Research and Development Corp 400 Farmington Ave Farmington CT 06032 061145567 Start ups CT N/A C Corp 1839893 953415 1.00000 true Charitable Remainder Trust11 2390 Alumni Drive Storrs CT 06269 Development CT N/A Trust false false false false false false false false false false false false false false false false false false false false