2016-03-24T11:52:01-05:00 2015-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2014-07-01 726020969 L S U FOUNDATION LSUF 2255783811 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 GINA M DUGAS CHIEF FINANCIAL OFFICER 2255784341 2016-03-22 1 RALPH STEPHENS P00638118 2259224600 2014 2016-08-17 19:52:53Z STEPHEN MORET 3838 W LAKESHORE DR BATON ROUGE LA 70808 160166655 0 X WWW.LSUFOUNDATION.ORG X 1960 LA THE LSU FOUNDATION INSPIRES AND SHEPHERDS PHILANTHROPIC GIVING TO LSU AND BUILDS LONG-LASTING RELATIONSHIPS WITH DONORS WHO BRING LIFE TO CURRENT AND EMERGING UNIVERSITY PRIORITIES. WE SUPPORT LSU IN ITS QUEST TO ENHANCE THE STUDENT EXPERIENCE, PROVIDE WORKING CAPITAL TO RECRUIT AND RETAIN WORLD-CLASS FACULTY AND STAFF, SUPPORT LIFE-CHANGING RESEARCH, AND DRIVE ECONOMIC DEVELOPMENT. WE ARE DEDICATED TO STEWARDING EACH GIFT TO MAXIMIZE DONORS' IMPACT ON MAKING LSU ONE OF THE BEST UNIVERSITIES IN THE WORLD. 24 24 95 24 0 -379493 65510882 41227722 0 0 19434704 14932864 1023354 1253397 85968940 57413983 27750059 48254262 0 0 6579779 7214197 0 0 4854981 10254781 10813058 44584619 66281517 41384321 -8867534 640857889 624938041 139809286 143901018 501048603 481037023 X THE LSU FOUNDATION INSPIRES AND SHEPHERDS PHILANTHROPIC GIVING TO LSU AND BUILDS LONG-LASTING RELATIONSHIPS WITH DONORS WHO BRING LIFE TO CURRENT AND EMERGING UNIVERSITY PRIORITIES. WE SUPPORT LSU IN ITS QUEST TO ENHANCE THE STUDENT EXPERIENCE, PROVIDE WORKING CAPITAL TO RECRUIT AND RETAIN WORLD-CLASS FACULTY AND STAFF, SUPPORT LIFE-CHANGING RESEARCH, AND DRIVE ECONOMIC DEVELOPMENT. WE ARE DEDICATED TO STEWARDING EACH GIFT TO MAXIMIZE DONORS' IMPACT ON MAKING LSU ONE OF THE BEST UNIVERSITIES IN THE WORLD. 0 0 14547647 10600131 ACADEMIC AND RESEARCH ACTIVITIES: OPERATIONAL SUPPORT EXPENSES TO SUPPLEMENT STATE FUNDING AND AID THE ACADEMIC COLLEGES OF THE UNIVERSITY AS WELL AS THE AGRICULTURAL CENTER IN ACCOMPLISHING LSU'S MISSION. 4330486 3759948 CHAIRS AND PROFESSORSHIPS: EXPENSES TO DIRECTLY SUPPORT THE SCHOLARLY ACTIVITIES OF OVER 750 SPECIFICALLY DESIGNATED CHAIRS AND PROFESSORSHIPS AVAILABLE TO LSU'S DISTINGUISHED FACULTY. 31050250 27491692 CAPITAL OUTLAY - ACQUISITION OF EQUIPMENT AND CONSTRUCTION OF FACILITIES FOR USE IN THE ACADEMIC RESEARCH ENDEAVORS OF THE UNIVERSITY. THE MAJORITY OF THESE EXPENSES ARE RELATED TO THE PATRICK F. TAYLOR HALL AND CHEMICAL ENGINEERING BUILDING PROJECT. 6602537 6402490 OTHER PROGRAM SERVICES INCLUDE: (1) SALARY SUPPORT FOR ACADEMIC PURPOSES, (2) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS CHANCELLOR'S DISTINGUISHED LECTURE SERIES AND HOSTING VISITING SCHOLARS, (3) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (4) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (5) INSTITUTIONAL ADVANCEMENT, (6) FINANCIAL SUPPORT TO UNDERGRADUATE AND GRADUATE STUDENTS THROUGH APPROXIMATELY 1,600 AVAILABLE SCHOLARSHIPS AND FELLOWSHIPS. 6602537 6402490 56530920 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 X 121 0 95 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 24 24 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CO DC HI KY MD MA MI MN NH NJ NY OH OK OR PA SC UT WA WV WI AL CT FL GA IL KS ME MS MO NM NC ND RI TN VA X X GINA DUGAS 2255783811 3838 W LAKESHORE DR BATON ROUGE LA 70808 CHARLES A LANDRY DIRECTOR 1.50 0.20 X 0 0 0 ROBERT H CROSBY III DIRECTOR 1.00 X 0 0 0 MARK K ANDERSON DIRECTOR 1.00 X 0 0 0 J HERBERT BOYDSTUN DIRECTOR 1.00 X 0 0 0 J TERRELL BROWN DIRECTOR 1.00 X 0 0 0 LAURA L DAUZAT PAST CHAIRPERSON/DIRECTOR 1.50 0.20 X X 0 0 0 WILLIAM T FIRESHEETSII DIRECTOR 1.50 0.20 X 0 0 0 G LEE GRIFFIN PRES & CEO (THRU 5/11/15)/DIRECTOR 40.00 0.50 X X 330092 0 11088 FRANK W HARRISON III DIRECTOR 1.50 0.20 X 0 0 0 LAURA A LEACH DIRECTOR 1.00 X 0 0 0 WILLIAM B OWENS DIRECTOR 1.00 X 0 0 0 JOHN F SHACKELFORD III DIRECTOR 1.00 X 0 0 0 SUE W TURNER DIRECTOR 1.00 X 0 0 0 BURTON D WEAVER JR DIRECTOR 1.00 X 0 0 0 FELIX R WEILL DIRECTOR 1.50 0.20 X 0 0 0 ROBERT M STUART JR DIRECTOR/CHAIRPERSON-ELECT 1.50 0.20 X X 0 0 0 DAVID B MEANS III DIRECTOR 1.00 X 0 0 0 THE HONORABLE W HENSON MOORE III DIRECTOR 1.50 0.20 X 0 0 0 SEAN REILLY DIRECTOR 1.50 0.20 X 0 0 0 JEFFREY N SPRINGMEYER DIRECTOR 1.50 0.20 X 0 0 0 MARTY PHILLIPS DIRECTOR 1.50 0.20 X 0 0 0 JIMMY PELTIER DIRECTOR 1.00 X 0 0 0 WILLIAM L SILVIA JR CORPORATE SECRETARY 1.00 0.30 X 0 0 0 T CASS GAIENNIE CHAIRPERSON-ELECT/CHAIRPERSON 2.00 0.50 X 0 0 0 GARY L LABORDE CHAIRPERSON/PAST CHAIRPERSON 1.50 0.20 X 0 0 0 CLARENCE P CAZALOT JR TREASURER 1.50 0.20 X 0 0 0 STEPHEN MORET PRESIDENT & CEO (BEG 5/11/15) 40.00 0.50 X 0 0 0 GINA M DUGAS CHIEF FINANCIAL OFFICER 40.00 2.00 X 199377 0 13054 JEFFERY L MCLAIN SENIOR VP FOR DEVELOPMENT 40.00 X 193396 0 20422 GEORGE T MOSS CHIEF INVESTMENT OFFICER 40.00 X 195058 0 14973 WILLIAM D DAVIS DIRECTOR OF STRATEGIC INITIATIVES 40.00 X 177120 0 1950 ANN M MARMANDE-FRENZEL VP FOR DEVELOPMENT 40.00 X 137791 0 14546 YVETTE MARSH SR DIRECTOR OF TALENT MANAGEM 40.00 X 140700 0 6252 SARA CROW SR DIR OF COMMUNICATIONS & DONOR RELATIONS 40.00 X 100025 0 12328 STEVEN COVINGTON DIRECTOR OF DEVELOPMENT 40.00 X 101735 0 16416 1575294 0 111029 9 0 1 0 FUND EVALUATION GROUP PO BOX 71-5060 COLUMBUS OH 432715060 INVESTMENT CONSULTING 211791 ADAMS & REESE LLP DEPT 5208 PO BOX 2153 BIRMINGHAM AL 352875208 ATTORNEYS AT LAW 174999 ROEDEL PARSONS KOCH BLACHE BALHOFF & MCC 8440 JEFFERSON HWY BATON ROUGE LA 70809 ATTORNEYS AT LAW 135397 HURON CONSULTING SERVICES LLC PO BOX 71223 CHICAGO IL 606941123 INVESTMENT CONSULTING 115000 PIXEL DASH STUDIOS LLC 7334 ASSOCIATE DRIVE BATON ROUGE LA 70817 MEDIA SERVICES 111375 5 185869 41041853 5356276 41227722 8583222 8583222 48769 48769 108737495 102387853 6349642 6349642 6349642 203449 185869 364819 -161370 -161370 FUND MANAGEMENT FEES 541900 1365998 1365998 1365998 57413983 1365998 0 14820263 48254262 48254262 1603946 924229 679717 4628635 1857745 2770890 143118 55200 87918 433544 185088 248456 404954 178632 226322 98260 98260 61500 61500 350788 350788 1322413 1144147 67310 110956 87737 87737 992145 714972 164429 112744 427585 369682 57903 203761 185326 18435 1028630 968671 22289 37670 99095 53131 45964 2161 2161 1544129 1544129 40484 40484 203647 203647 UNIVERSITY SUPPORT 2029520 2029520 OFFICIAL UNIV. FUNCTION 1873058 1873058 DEVELOPMENT/PROMOTION 323944 323944 DUES AND SUBSCRIPTIONS 95447 49122 46325 28754 28754 66281517 56530920 4895616 4854981 27091156 28096700 40696680 31626940 206753 260602 91382 99569 106638 7971206 1355427 6498354 6615779 379971030 377306571 167017814 161988503 19284720 18836739 640857889 624938041 4166694 4836291 200000 600000 4970000 0 180000 0 130292592 138464727 139809286 143901018 X 40560371 38225152 241875432 207142742 218612800 235669129 501048603 481037023 640857889 624938041 -8867534 -11144046 0 X X 0 1 X 1 0 X 30346130 25492232 32426470 65510882 41227722 195003436 30346130 25492232 32426470 65510882 41227722 195003436 11632357 183371079 4267718 6373689 7031957 2034316 8631991 28339671 223343107 7484886 0.82100 0.83230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4244587 X X X X X COMMUNITY EDUCATIONAL PROGR 1 328567473 20159093 -8832704 6846052 333047810 309096144 7316066 17773310 5618047 328567473 285053783 7594770 21454050 5197468 -191009 309096144 290234027 11030519 -15902365 308398 285053783 233568579 11577812 50027252 4939616 290234027 0.02650 0.26590 0.70760 0 0 2291592 2291592 1295027 1238284 56743 4384587 117143 4267444 6615779 COMMINGLED FUNDS 13768600 F PRIVATE EQUITY 49374836 F HEDGED FUNDS 87703213 F ROYALTY INTERESTS 154084 F GROUP VARIABLE ANNUITY 10987770 F 161988503 FUNDS MANAGED FOR OTHER ENTITIES 138133433 COMPENSATED ABSENCES PAYABLE 331294 138464727 X PART III, LINE 4: THE MAIN COLLECTIONS OWNED BY THE LSU FOUNDATION CONSIST OF ARTWORK AND HISTORICAL ITEMS ON DISPLAY AND IN THE CUSTODY OF LSU'S MUSEUM OF ART, A COMPONENT UNIT WHICH FURTHERS THE PUBLIC SERVICE MISSION OF THE UNIVERSITY. THE MUSEUM OF ART'S DIVERSE PERMANENT COLLECTION INCLUDES SIGNIFICANT PORTRAITURE AND DECORATIVE ARTS, NEWCOMB POTTERY, AND CHINESE JADE FROM THE CHI QING DYNASTY. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS PROVIDE FINANCIAL SUPPORT IN FURTHERANCE OF THE ACADEMIC AND RESEARCH COMPONENTS OF THE UNIVERSITY'S MISSION, INCLUDING SCHOLARSHIPS, GRADUATE ASSISTANTSHIPS AND FELLOWSHIPS, AND FACULTY CHAIRS AND DISTINGUISHED PROFESSORSHIPS. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE INCLUDED IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. EAST ASIA AND THE PACIFIC FUNDRAISING SOUTH AMERICA FUNDRAISING MIDDLE EAST AND NORTH AFRICA FUNDRAISING NORTH AMERICA FUNDRAISING CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 109500636 EUROPE FUNDRAISING SUB-SAHARAN AFRICA FUNDRAISING 0 0 0 0 0 0 109500636 0 109500636 1 0 0 1 1 0 FORM 990, SCHEDULE F, PART I, LINE 3 LSU FOUNDATION RECEIVES DONATIONS FROM DONORS WHO RESIDE IN FOREIGN COUNTRIES. THERE ARE NO EXPENSES ASSOCIATED WITH THESE DONATIONS. THE FOLLOWING IS A LIST OF THE REGIONS AND THE AMOUNTS RECEIVED FROM EACH REGION: 1) EAST ASIA AND THE PACIFIC - $4,900 2) MIDDLE EAST AND NORTH AFRICA - $2,350 3) NORTH AMERICA (NOT INCLUDING UNITED STATES) - $6,778 4) SOUTH AMERICA - $250 5) EUROPE - $7,690 6) CENTRAL AMERICA & THE CARIBBEAN - $250 GOLF TOURNAMENT 56540 36345 20195 19301 12960 8788 LSU 100: FASTEST GROWING 52000 30540 21460 229 18 23 280778 118984 161794 22616 46541 143580 12365 98421 389318 185869 203449 42146 59501 152368 12365 98439 364819 -161370 1 LOUISIANA STATE UNIVERSITY 204 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 501(C)(3) 48254262 UNIVERSITY ACADEMIC AND RESEARCH SUPPORT, INCLUDING SCHOLARSHIPS, GRADUATE FELLOWSHIPS AND FACULTY CHAIRS AND PROFESSORSHIPS. 1 0 PART I, LINE 2: THE LSU FOUNDATION PROVIDES GRANTS OR ASSISTANCE, IN ACCORDANCE WITH ITS STATED MISSION, TO LOUISIANA STATE UNIVERSITY AND THE LSU AGRICULTURAL CENTER IN THE FORM OF REIMBURSEMENTS OF EXPENSES MADE IN SUPPORT OF THE BENEFICIARY PURPOSES FOR WHICH PRIVATE FUNDS WERE CONTRIBUTED TO THE FOUNDATION. THE UNIVERSITY IS PROVIDED WITH THE BALANCE OF FUNDS AVAILABLE IN FOUNDATION ACCOUNTS FOR SPECIFIC RESTRICTED PURPOSES. ON A MONTHLY BASIS, THE UNIVERSITY PROVIDES THE FOUNDATION WITH A REPORT OF THE EXPENSES MADE IN SUPPORT OF THOSE SPECIFIC PURPOSES TO BENEFIT THE UNIVERSITY; ON PRESENTATION OF THIS REPORT, THE FOUNDATION REIMBURSES THOSE EXPENSES AS A GRANT OF ASSISTANCE TO THE UNIVERSITY. THE UNIVERSITY MAKES AVAILABLE TO THE FOUNDATION ALL DOCUMENTATION IN SUPPORT OF INDIVIDUAL ITEMS OF EXPENSE, AND THIS DOCUMENTATION IS ALSO MADE AVAILABLE TO THE FOUNDATION'S EXTERNAL AUDITORS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 G LEE GRIFFIN PRES & CEO (THRU 5/11/15)/DIRECTOR 318092 0 0 0 12000 0 10400 0 688 0 341180 0 0 0 GINA M DUGAS CHIEF FINANCIAL OFFICER 192177 0 0 0 7200 0 8064 0 4990 0 212431 0 0 0 JEFFERY L MCLAIN SENIOR VP FOR DEVELOPMENT 186796 0 0 0 6600 0 8144 0 12278 0 213818 0 0 0 GEORGE T MOSS CHIEF INVESTMENT OFFICER 187858 0 0 0 7200 0 7924 0 7049 0 210031 0 0 0 WILLIAM D DAVIS DIRECTOR OF STRATEGIC INITIATIVES 169920 0 0 0 7200 0 1200 0 750 0 179070 0 0 0 ANN M MARMANDE-FRENZEL VP FOR DEVELOPMENT 130591 0 0 0 7200 0 5714 0 8832 0 152337 0 0 0 ROBERT M STUART JR BOARD MEMBER 2161 (D) DESCRIPTION OF TRANSACTION:OVER SEVERAL YEARS, CAPITAL ONE BANK FACILITATED DEBT FINANCING ARRANGEMENTS INVOLVING THE LSU FOUNDATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, THE LSU FOUNDATION PAID ALL OUTSTANDING DEBT IN FULL TO CAPITAL ONE BANK. FOUNDATION BOARD MEMBER ROBERT M. STUART, JR. IS THE LOUISIANA PRESIDENT OF CAPITAL ONE BANK; HOWEVER, MR. STUART WAS NOT A FOUNDATION BOARD MEMBER WHEN THE MAJORITY OF THIS DEBT FINANCING WAS APPROVED AND EXECUTED. IN 2010, A LOAN OF $2.7 MILLION ORIGINATED INVOLVING CAPITAL ONE BANK, WHILE MR. STUART WAS A FOUNDATION BOARD MEMBER, BUT HE ABSTAINED FROM PARTICIPATING IN ANY LOAN-RELATED DISCUSSIONS, NEGOTIATIONS, OR BOARD APPROVALS. 0 X 70 3316033 MARKET PRICE X 5 1951693 MARKET VALUE X 66 34890 OPINION OF EXPERTS X FIXED ANNUITIES 2 51000 MARKET VALUE X PARKING PASSES 7 2660 MARKET VALUE 0 1 1 PART I, LINE 32B: LSU FOUNDATION HIRES THE FOLLOWING TO SELL NON-CASH CONTRIBUTIONS: 1) REAL ESTATE AGENTS - SELL DONATED REAL ESTATE, WHEN APPLICABLE 2) STOCK BROKERS - SELL DONATED STOCK THROUGH BROKERAGE ACCOUNTS 3) AUCTION HOUSES - SELL DONATED ART FORM 990 PART V QUESTION 4B LSU FOUNDATION DOES NOT OWN 50% OR MORE OF THE PROFITS OR CAPITAL OF THE FOREIGN PARTNERSHIPS IN WHICH IT IS INVESTED; ALSO, LSU FOUNDATION DOES NOT HAVE SIGNATURE AUTHORITY OVER THE FOREIGN FUNDS; THEREFORE, THE FOUNDATION IS NOT REQUIRED TO FILE FORM TD F 90-22.1 FOR THE FISCAL YEAR ENDED JUNE 30, 2015. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO CHANGE THE TERM OF AN ELECTED DIRECTOR TO FOUR YEARS ('A FULL TERM'). DIRECTORS HAVING SERVED THREE FULL TERMS SHALL NOT BE ELIGIBLE FOR RE-ELECTION TO THE BOARD FOR A PERIOD OF FOUR YEARS. A DIRECTOR WHO IS ELECTED TO SERVE AS CHAIRPERSON-ELECT, CHAIRPERSON, OR IMMEDIATE PAST CHAIRPERSON OF THE BOARD SHALL NOT HAVE THE YEAR(S) SERVED IN THAT CAPACITY BE COUNTED IN CALCULATING THE NUMBER OF YEARS SERVED IN FULFILLNG HIS FULL TERM AS AN ELECTED DIRECTOR. THE BYLAWS WERE AMENDED TO ADD THE POSITION OF IMMEDIATE PAST CHAIRPERSON OF THE BOARD TO THE LIST OF OFFICERS. THE BYLAWS WERE AMENDED TO CHANGE THE EX-OFFICIO DIRECTORS TO BE (1) PRESIDENT AND CHANCELLOR OF LSU, OR HIS DESIGNEE, (2) VICE PRESIDENT FOR AGRICULTURE AND DEAN OF COLLEGE OF AGRICLUTURE, (3) CHANCELLOR OF THE LAW CENTER, (4) PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE LSU FOUNDATION, (5) CORPORATE SECRETARY OF THE LSU FOUNDATION, AND (5) CORPORATE TREASURER OF THE LSU FOUNDATION. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE BOARD OF DIRECTORS OF THE LSU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE CFO REVIEWS THE FORM 990 WITH THE AUDIT COMMITTEE. THE CFO PROVIDES A COPY OF THE FORM 990 TO THE ENTIRE BOARD OF DIRECTORS AND SEEKS COMMENT AND FEEDBACK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS COMPLETE A DISCLOSURE STATEMENT QUESTIONNAIRE ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO PROVIDE INFORMATION ON ENTITIES FOR WHICH THEY ARE BOARD MEMBERS, PARTNERS, OFFICERS, OR PRINCIPAL OWNERS. THE FOUNDATION LEGAL COUNSEL REVIEWS SUCH DISCLOSURE STATEMENTS FOR IDENTIFICATION OF POTENTIAL CONFLICTS. ALSO, PRIOR TO EXECUTION OF ALL CONTRACTS, THE FOUNDATION REQUIRES THE VENDOR TO COMPLETE A DISCLOSURE STATEMENT LISTING THE PRINCIPALS FOR THE CONTRACT. THESE VENDOR DISCLOSURE STATEMENTS ARE COMPARED TO THE DISCLOSURES PROVIDED BY BOARD MEMBERS AND OFFICERS AND REVIEWED TO DETERMINE IF ANY POTENTIAL CONFLICTS OF INTEREST EXIST. LEGAL COUNSEL ADDRESSES ANY CONCERNS BROUGHT TO HIM REGARDING POTENTIAL CONFLICTS OF INTEREST WITH THE BOARD OF DIRECTORS. ADDITIONALLY, THE BOARD PERIODICALLY PERFORMS A DETAILED REVIEW OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION GATHERED EXTERNAL, INDEPENDENT SALARY SURVEYS OF EXECUTIVE COMPENSATION FOR RELEVANT PEER GROUPS. THE FOUNDATION'S EXECUTIVE COMMITTEE REVIEWED AND DISCUSSED THE SURVEYS DURING EXECUTIVE SESSION IN CONJUNCTION WITH AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS. THE EXECUTIVE COMMITTEE MINUTES REFLECT THE PROCESS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE FILED WITH THE LOUISIANA SECRETARY OF STATE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PREVIOUS FORM 990. CARY ESTATE PROPERTY - SURFACE LLC 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 463195212 INVESTMENT LA -1064 1511959 L S U FOUNDATION CARY ESTATE PROPERTY - WORKING INTERESTS LLC 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 463203356 INVESTMENT LA 160 35 L S U FOUNDATION CARY ESTATE PROPERTY - NON-WORKING INTERESTS LLC 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 463210371 INVESTMENT LA 108 35 L S U FOUNDATION LSU PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 721295979 FOSTER SUPPORT VIA GIFTS OF REAL ESTATE & EQUIP. FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 5 N/A 0 LSU MARINE PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 710865718 FOSTER SUPPORT VIA GIFTS OF MARINE VESSELS FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LSU PROPERTY FOUNDATION B 1674543 CASH LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION N LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION O LSU PROPERTY FOUNDATION D 0 LOAN VALUE FORM 990, SCHEDULE R, PART V, QUESTION 1D: IN 2003, LSU PROPERTY FOUNDATION PARTICIPATED IN THE LOUISIANA PUBLIC FACILITIES AUTHORITY EQUIPMENT AND CAPITAL FACILITIES POOLED LOAN PROGRAM REVENUE BONDS SERIES 2003A TAX-EXEMPT BOND ISSUANCE. LSU FOUNDATION WAS THE GUARANTOR IN SUCH TRANSACTION. THE BONDS WERE FOR VARIOUS CONSTRUCTION PROJECTS, WHICH HAVE SINCE BEEN DONATED TO LOUISIANA STATE UNIVERSITY. THE OUTSTANDING BALANCE ON THE BONDS AT JUNE 30, 2014, WAS $4,970,000. THE BONDS WERE PAID IN FULL DURING THE FISCAL YEAR ENDED JUNE 30, 2015. THE BOND BALANCE WAS REFLECTED ON THE CONSOLIDATED BALANCE SHEET OF THE LSU FOUNDATION.