2016-04-15T09:47:01-05:00 2015-08-31 132550103 D'ARCANGELO & CO LLP 800 WESTCHESTER AVE SUITE N-400 RYE BROOK NY 105731301 990 2014-09-01 237050397 WESTCHESTER COMMUNITY COLLEGE FOUNDATION WEST 9146066670 75 GRASSLANDS ROAD VALHALLA NY 10595 EVE LARNER EXECUTIVE DIRECTOR 9146066562 2016-04-08 1 ALFRED F THOBEN P00836295 9146944600 2016-04-08 2014 2016-08-17 19:52:53Z EVE LARNER 75 GRASSLANDS ROAD VALHALLA NY 10595 55687597 0 X N/A X 1969 NY THE PURPOSES OF THE FOUNDATION SHALL BE, AMONG OTHER THINGS, TO AID AND ADVANCE THE MISSION OF WESTCHESTER COMMUNITY COLLEGE, A PUBLIC EDUCATIONAL INSTITUTION RECOGNIZING THAT PUBLIC EDUCATION IS A PUBLIC RESPONSIBILITY. THE FOUNDATION SHALL HAVE AS ITS GOAL THE DEVELOPMENT OF VOLUNTARY AND SUPPLEMENTAL SUPPORT RESULTING FROM GIFTS, BEQUESTS, AND FUNDRAISING ACTIVITIES. THE FOUNDATION DISBURSES INCOME OR PRINCIPAL THEREOF, FOR THE BENEFIT OF WESTCHESTER COMMUNITY COLLEGE FOR, BUT NOT LIMITED TO, STUDENT SCHOLARSHIPS AND EMERGENCY AID, FACULTY DEVELOPMENT, EDUCATIONAL PROGRAMMING AND COLLEGE OPERATING AND CAPITAL EXPENDITURES. THE FOUNDATION'S SUPPORT SHALL STRENGTHEN AND ENRICH THE EDUCATIONAL LIFE AND ENVIRONMENT OF WESTCHESTER COMMUNITY COLLEGE AND ENABLE THE COLLEGE TO CONTINUE TO OFFER ACCESS TO QUALITY EDUCATION AND THE SKILLS FOR SUCCESS THROUGH ITS FUNDRAISING AND PROGRAMMATIC ACTIVITIES. 59 59 11 600 0 0 8272887 4565222 0 0 1466122 3206096 303315 99775 10042324 7871093 2556543 2940927 0 0 596685 681554 0 0 208059 535983 473240 3689211 4095721 6353113 3775372 45020444 44473374 648696 596149 44371748 43877225 X THE WESTCHESTER COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1969 TO MEET COLLEGE AND STUDENT NEEDS NOT MET BY PUBLIC FUNDS. AS PART OF ITS MISSION, THE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE SCHOLARSHIPS FOR INCOMING, CONTINUING, AND GRADUATING STUDENTS. ADDITIONAL OBJECTIVES INCLUDE FUNDING NEW INITIATIVES AND PROJECTS, FACULTY DEVELOPMENT, AND OTHER PROGRAMS THAT ENRICH CAMPUS LIFE AND ASSIST THE COLLEGE TO FULFILL ITS MANDATE TO PROVIDE ATTAINABLE, AFFORDABLE, AND QUALITY EDUCATION. 0 0 1503125 1503125 SCHOLARSHIPS AND AWARDS: PROVIDING SCHOLARSHIPS IS A PRIMARY OBJECTIVE OF THE FOUNDATION. AWARDS ARE MADE TO APPROXIMATELY 950 STUDENTS EACH YEAR, REPRESENTING A DISTRIBUTION OF OVER $1.5 MILLION IN SCHOLARSHIPS ANNUALLY. DESPITE THE COLLEGE'S BEST EFFORTS TO CONTAIN COSTS, TUITION AND FEES ARE OBSTACLES FOR MANY EXCEPTIONAL STUDENTS WHO HAVE A PROFOUND AND COMPELLING NEED FOR ASSISTANCE. SCHOLARSHIPS HAVE A TRANSFORMATIONAL IMPACT, MOST OFTEN MAKING THE CRUCIAL DIFFERENCE BETWEEN MOVING FORWARD OR FALLING BEHIND. IN ADDITION TO IMPORTANT FINANCIAL BENEFITS, SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT.OUR SCHOLARSHIP DONORS INCLUDE PRIVATE INDIVIDUALS, LOCAL BUSINESSES, CORPORATIONS AND FOUNDATIONS-ALL OF WHOM ARE COMMITTED TO MAKING AN EDUCATION AFFORDABLE FOR WCC STUDENTS. HOWEVER, WE STILL CAN ONLY FUND ABOUT 60% OF THE WORTHY STUDENTS APPLYING FOR SUPPORT. IN ORDER TO MEET THIS EVER-GROWING NEED, THE WCC FOUNDATION, OVER THE NEXT FIVE YEARS, SEEKS TO DOUBLE THE AMOUNT OF SCHOLARSHIPS THAT WE ARE ABLE TO DISTRIBUTE EACH YEAR, THEREBY ENSURING A SECURE AND PRODUCTIVE FUTURE FOR THE EXCEPTIONAL STUDENTS WHO SEEK KNOWLEDGE AND SKILLS AT WCC. THE FOUNDATION'S SCHOLARSHIP APPLICATION PROCESS IS HIGHLY COMPETITIVE, WITH ACADEMIC ACHIEVEMENT OFTEN BEING THE PRIMARY CONSIDERATION. FINANCIAL NEED, SERVICE TO THE COLLEGE OR COMMUNITY, SPECIAL CIRCUMSTANCES, AND PERSONAL QUALITIES ARE ALSO CONSIDERED. APPLICATIONS ARE REVIEWED BY AN INDEPENDENT SCHOLARSHIPS COMMITTEE, MADE UP OF REPRESENTATIVES FROM THE CAMPUS, THE COMMUNITY, AND THE FOUNDATION BOARD. 1403756 942207 COLLEGE INSTITUTIONAL DEVELOPMENT AND ENHANCEMENT FUNDING FOR FACULTY ENRICHMENT AND DEVELOPMENT, CAPITAL PROJECTS, NATIVE PLANT CENTER, ALUMNI PROGRAM, SINGLE STOP USA BENEFIT COUNSELING, VETERANS RESOURCE CENTER, NATIONAL ENDOWMENT FOR THE HUMANITIES INSTITUTE, COLLEGE ACCESS PROGRAM AND VOLUNTEER PROGRAMS INCLUDING CONVERSATION PARTNERS, TUTORS AND WORKPLACE MENTORS. FUND RAISING EFFORTS FOR NEW EDUCATIONAL INTIATIVES PERTAINING TO STUDENT SUCCESS WITH A FOCUS ON STUDENT RETENTION AND GRADUATION. 495595 495595 THE GATEWAY CENTER CONTINUES TO SERVE AS A TREMENDOUS SOURCE OF PRIDE FOR THE COLLEGE AND SYMBOL OF OUR COMMITMENT TO SERVE AS AN EDUCATIONAL RESOURCE TO OUR INCREASINGLY DIVERSE COMMUNITY. THIS IS IN STRONG PART DUE TO THE UNWAVERING SUPPORT OF THE WESTCHESTER COMMUNITY COLLEGE FOUNDATION. GATEWAY CENTER HOUSES THE ENGLISH LANGUAGE INSTITUTE, THE PROFESSIONAL DEVELOPMENT CENTER AND OTHER WORKFORCE DEVELOPMENT AND COMMUNITY EDUCATION PROGRAMS SUCH AS THE WELCOME CENTER, THE CENTER FOR FINANCIAL AND ECONOMIC EDUCATION AND GATEWAY TO ENTREPRENEURSHIP (G2E). THE COMMUNITY COLLEGE CONSORTIUM FOR IMMIGRANT EDUCATION (CCCIE) IS A NATIONAL NETWORK OF COMMUNITY COLLEGES RAISING AWARENESS AND SUPPORT FOR EFFECTIVE IMMIGRANT INTEGRATION THROUGH EDUCATION. CCCIE IS FUNDED BY THE J.M. KAPLAN FUND AND HAS RECEIVED FINANCIAL SUPPORT FROM THE KRESGE FOUNDATION. IT IS A PROGRAM OF THE WCC FOUNDATION AND CONTINUES TO RECEIVE NATIONAL RECOGNITION FOR ITS WORK. CURRENTLY THE DIVISION OF WORKFORCE DEVELOPMENT AND COMMUNITY EDUCATION IS LEADING A NUMBER OF CRITICAL ACTIVITIES WITH SUPPORT OF THE WCC FOUNDATION. WITH SUPPORT FROM JPMORGAN CHASE WE ARE LEADING A GROUP OF REGIONAL STAKEHOLDERS IN THE DEVELOPMENT OF A LOWER HUDSON VALLEY MIDDLE SKILLS GAP RESEARCH INITIATIVE. THE RESULT WILL BE A COMPREHENSIVE ANALYSIS AND ASSESSMENT OF THE MIDDLE SKILL JOB TRAINING AND EDUCATION NEEDS FOR THE REGION. THE ENGLISH LANGUAGE INSTITUTE AND CCCIE HAVE JOINED THE NATIONAL IMMIGRATION FORUM AND MIAMI DADE COLLEGE TO CREATE AND DELIVER AN ESL CURRICULUM FOR THE RETAIL SECTOR. THIS OPPORTUNITY PUTS WESTCHESTER COMMUNITY COLLEGE ON THE NATIONAL SPOTLIGHT AS A COLLEGE COMMITTED TO SUPPORTING THE ADVANCEMENT OF ITS DIVERSE WORKFORCE AND THE PRODUCTIVITY OF ITS BUSINESS COMMUNITY. OTHER INITIATIVES OF NOTE INCLUDE THE COLLEGE'S ROLE AS ONE OF NEW YORK STATE'S OFFICE FOR NEW AMERICAN PARTNERS, PROVIDING ESL INSTRUCTION TO RESIDENTS OF THE COUNTY. THE WELCOME CENTER, THE CENTER FOR FINANCIAL AND ECONOMIC EDUCATION AND GATEWAY TO ENTREPRENEURSHIP (G2E) ARE ALL CONTRIBUTING TO FEDERAL, STATE AND LOCAL WORKFORCE AND INTEGRATION INITIATIVES. THEIR WORK HAS RESULTED IN THE GRANT AWARDS TO THE COLLEGE FROM FEDERAL, STATE, LOCAL AND PRIVATE SOURCES. 3402476 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 59 0 11 1 0 0 0 0 0 1 1 0 0 0 0 X 59 59 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NY X X LISA MITZNER CO WESTCHESTER COMMUNITY COLLEGE FOUNDATION 9147856670 75 GRASSLANDS AVENUE VALHALLA NY 10595 RUTH SUZMAN CHAIRPERSON 3.00 X X 0 0 0 SUSAN YUBAS PRESIDENT 3.00 X X 0 0 0 JOSEPH CARLUCCI VICE PRESIDENT 3.00 X X 0 0 0 JENNIFER GRUENBERG VICE PRESIDENT 3.00 X X 0 0 0 JOANNE LANDAU VICE PRESIDENT 3.00 X X 0 0 0 EVE HART RICE SECRETARY 3.00 X X 0 0 0 MATTHEW MCCROSSON TREASURER 3.00 X X 0 0 0 BARBARA ABELES DIRECTOR 1.00 X 0 0 0 JOAQUIN ALEMANY DIRECTOR 1.00 X 0 0 0 HONORABLE ROBERT ASTORINO DIRECTOR 1.00 X 0 0 0 GEORGE E AUSTIN DIRECTOR 1.00 X 0 0 0 GLENN R BIANCO DIRECTOR 1.00 X 0 0 0 RENEE BROWN DIRECTOR 1.00 X 0 0 0 MYRNA CLYMAN DIRECTOR 1.00 X 0 0 0 JAMES W COBB DIRECTOR 1.00 X 0 0 0 SUSAN L COHEN DIRECTOR 1.00 X 0 0 0 LISA W CONNORS DIRECTOR 1.00 X 0 0 0 DR IRIS M COOK DIRECTOR 1.00 X 0 0 0 BETTY COTTON DIRECTOR 1.00 X 0 0 0 LOIS L COWAN DIRECTOR 1.00 X 0 0 0 LESTER M CRYSTAL DIRECTOR 1.00 X 0 0 0 ANDREW ECONOMOS DIRECTOR 1.00 X 0 0 0 PHILIP GIGANTE DIRECTOR 1.00 X 0 0 0 ANITA HELMRICH DIRECTOR 1.00 X 0 0 0 PETER HERRERO DIRECTOR 1.00 X 0 0 0 BETTY HIMMEL DIRECTOR 1.00 X 0 0 0 MARC HUESTIS DIRECTOR 1.00 X 0 0 0 HONORABLE ANNE JANIAK DIRECTOR 1.00 X 0 0 0 ANN F KAUFMAN DIRECTOR 1.00 X 0 0 0 ABIGAIL KIRSCH DIRECTOR 1.00 X 0 0 0 GEORGE LINDSAY DIRECTOR 1.00 X 0 0 0 EDITH LANDAU LITT DIRECTOR 1.00 X 0 0 0 PATRICIA LUNKA DIRECTOR 1.00 X 0 0 0 PHILIP J MCGRATH DIRECTOR 1.00 X 0 0 0 BELINDA MILES DIRECTOR 1.00 X 0 0 0 KATHERINE C MOORE DIRECTOR 1.00 X 0 0 0 EON S NICHOLS DIRECTOR 1.00 X 0 0 0 MARTHA NIERENBERG DIRECTOR 1.00 X 0 0 0 DAVID ARTHUR OESTREICH DIRECTOR 1.00 X 0 0 0 HEATHER OSTMAN DIRECTOR 1.00 X 0 0 0 HONORABLE HARRY PHILLIPS III DIRECTOR 1.00 X 0 0 0 SHIRLEY PHILLIPS DIRECTOR 1.00 X 0 0 0 JOHN W PRIESING DIRECTOR 1.00 X 0 0 0 DEBBIE RAIZES DIRECTOR 1.00 X 0 0 0 JASON RILEY DIRECTOR 1.00 X 0 0 0 REBECCA SAMBERG DIRECTOR 1.00 X 0 0 0 DENISE CR SANTOMERO DIRECTOR 1.00 X 0 0 0 ALLEN M SHAPIRO DIRECTOR 1.00 X 0 0 0 JASON SHAPLEN DIRECTOR 1.00 X 0 0 0 JEROME A SIEGEL DIRECTOR 1.00 X 0 0 0 HONORABLE CECILE D SINGER DIRECTOR 1.00 X 0 0 0 FLORENCE SINSHEIMER DIRECTOR 1.00 X 0 0 0 BETSY M STERN DIRECTOR 1.00 1.00 X 0 0 0 KATHERINE STIPICEVIC DIRECTOR 1.00 X 0 0 0 EVELYN STOCK DIRECTOR 1.00 X 0 0 0 DAVID M SWOPE DIRECTOR 1.00 1.00 X 0 0 0 GEORGE M THOM DIRECTOR 1.00 X 0 0 0 ELINOR URSTADT DIRECTOR 1.00 X 0 0 0 LUCILLE S WERLINICH DIRECTOR 1.00 X 0 0 0 EVE LARNER EXECUTIVE DIRECTOR 17.50 17.50 X 0 130158 24974 LISA MITZNER CFO 35.00 X 125763 0 14727 ILENE LIEBERMAN DIR. OF ANNUAL GIVING 35.00 X 0 114338 9147 SANDRA RAMSAY DIR. OF SCHOLARSHIPS 35.00 X 0 114302 43282 125763 358798 92130 1 1 1 0 0 147411 70000 4347811 145930 4565222 1000527 1000527 55104 13937 41167 41167 41167 49970279 47764710 2205569 2205569 2205569 96465 147411 37857 58608 58608 7871093 0 0 3305871 1437802 1437802 1503125 1503125 136060 74833 54424 6803 437765 266232 85458 86075 41582 19645 12013 9924 17251 12531 4091 629 48896 31873 10321 6702 16200 16200 273794 273794 35908 21545 10772 3591 17778 10667 5333 1778 11506 5753 2646 3107 10220 4088 2044 4088 3245 1623 746 876 13751 6876 5500 1375 DEVELOPMENT EXPENSES 44557 44557 ALUMNI DEVELOPMENT 36302 36302 VOLUNTEER PROGRAM 5827 5827 DUES & FEES 4040 1818 2222 112 56 26 30 4095721 3402476 485186 208059 550 3736 3949655 2292679 5014080 4472459 28439 35837 12438 47303 19073 12656 8716 6417 34176218 35558992 1830348 2055951 45020444 44473374 164573 185686 47821 47821 341432 275635 94870 87007 648696 596149 X 2274477 2324764 13258042 14253823 28839229 27298638 44371748 43877225 45020444 44473374 X 3775372 -4618764 348869 X 0 1 X 1 0 X 3948309 5791861 3347998 8272887 4565222 25926277 3948309 5791861 3347998 8272887 4565222 25926277 8329471 17596806 467824 625653 700991 1091010 1055631 3941109 3493 227845 262721 58608 552667 30420053 0.57850 0.55420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 28839229 1196459 -1601499 728038 407513 27298638 23987047 1574509 4243557 347029 618855 28839229 16524280 7033233 1065690 486989 149167 23987047 15399441 1207294 501112 446139 137428 16524280 14463111 603475 904743 436037 135851 15399441 1.00000 0 0 19073 12656 6417 6417 ANNUITY PAYMENT LIABILITY 87007 87007 X 3570386 -4618764 242982 348869 -4026913 7597299 273794 273794 7871093 4064909 242982 242982 3821927 273794 273794 4095721 PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED FOR THE FOLLOWING PURPOSES: SCHOLARSHIPS $9,894,005; VIRGINIA MARX CHILDREN'S CENTER PROGRAMS AND SCHOLARSHIPS $3,015,739; COLLEGE DEVELOPMENT AND ENHANCEMENT $4,128,608; GATEWAY SCHOLARSHIPS $1,861,490; DR. HANKIN GATEWAY TO THE FUTURE FUND $6,757,374; GENERAL PURPOSES OF THE FOUNDATION $616,369; AND TIME RESTRICTED FOR PLEDGES RECEIVABLE $1,025,053. PART X, LINE 2: THE FOUNDATION'S ACCOUNTING POLICY IS TO PROVIDE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THERE WERE NO TAX EXAMINATIONS OR ADJUSTMENTS RELATING THEREFROM. TAX RETURNS FOR THE YEARS ENDED AUGUST 31, 2012 THROUGH 2015 ARE CURRENTLY SUBJECT TO AUDIT BY THE APPLICABLE TAXING JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED CHANGE IN VALUE OF ASSETS IN GIFT ANNUITY -8,085. UNREALIZED FOREIGN CURRENCY TRANSLATION ADJUSTMENT 245,100. UNREALIZED CHANGE IN VALUE OF PARTNERSHIP 111,854. EAST ASIA AND THE PACIFIC - 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK;LISTTOTAL 1,525,029 1525029 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK;LISTTOTAL 3,582,544 3582544 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK;LISTTOTAL 92,194 92194 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK;LISTTOTAL 109,402 109402 SOUTH ASIA - AFGHANISTAN, BANGLADESH, 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK;LISTTOTAL 45,592 45592 0 0 0 0 0 0 5354761 0 5354761 0 0 1 0 0 0 SPRING FOR SCHOLARSHIPS 78756 78756 0 CELEBRITY SALONS 107730 40275 67455 347 6559 11435 1 57390 28380 29010 4060 4248 11208 243876 147411 96465 4407 10807 22643 37857 58608 1 WESTCHESTER COMMUNITY COLLEGE 175 GRASSLANDS ROAD VALHALLA NY 10595 136608356 1437802 TO SUPPORT THE COLLEGE INSTITUTIONAL DEVELOPMENT AND ENHANCEMENT AND GATEWAY CENTER PROGRAMS. 1 0 SCHOLARSHIPS 930 1503125 PART I, LINE 2: THE WESTCHESTER COMMUNITY COLLEGE FOUNDATION OFFICE AWARDS SCHOLARSHIPS TO NEW, INCOMING, CONTINUING AND GRADUATING STUDENTS AND PROVIDES PROGRAM FUNDING TO WESTCHESTER COMMUNITY COLLEGE. SCHOLARSHIPS AND GRANTS COMPLETE AN APPLICATION PROCESS AND APPLICATIONS ARE SUBMITTED TO THE WCCF SCHOLARSHIP/GRANT COMMITTEE. THE COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS GRANTS BASED ON GRANT CRITERIA AND GUIDELINES. THE CHIEF FINANCIAL OFFICER MONITORS ALL SCHOLARSHIPS AND GRANTS FOR PROPER DISTRIBUTION. 0 0 0 0 0 0 0 0 0 EVE LARNER EXECUTIVE DIRECTOR 0 130158 0 0 0 0 0 0 0 24974 0 155132 0 0 SANDRA RAMSAY DIR. OF SCHOLARSHIPS 0 114302 0 0 0 0 0 0 0 43282 0 157584 0 0 PART I, LINE 3 THE WCC FOUNDATION'S EXECUTIVE DIRECTOR AND MANY OTHER HIGHLY COMPENSATED EMPLOYEES ARE EMPLOYED BY A RELATED ENTITY, WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY. THE RELATED ENTITY ESTABLISHES JOB CLASSES WITH SALARY RANGES THAT ARE BASED UPON MANY FACTORS. WCC FOUNDATION ABIDES BY THE SAME JOB CLASSES AND SALARY RANGES ESTABLISHED BY WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY FOR THEIR HIGHLY COMPENSATED EMPLOYEES. X 7 145930 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): REPORTS BOTH THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE FOUNDATION EXECUTIVES AND IS MADE AVAILABLE ELECTRONICALLY AND BY PAPER FOR THE AUDIT COMMITTEE AND BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILLING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY. IN ADDITION, NEW BOARD MEMBERS ARE REQUIRED TO COMPLETE THE DISCLOSURE FORM UPON APPOINTMENT. ALL DISCLOSURES REQUIRED UNDER THE POLICY SHALL BE MADE TO THE SECRETARY OF THE BOARD OF DIRECTORS AND SHOULD A CONFLICT OF INTEREST EXIST, A DIRECTOR IS TO REFRAIN FROM PARTICIPATION IN ANY CONSIDERATION OF THE MATTER AT ISSUE. FORM 990, PART VI, SECTION B, LINE 15B THE WCC FOUNDATION'S EXECUTIVE DIRECTOR AND MANY OTHER HIGHLY COMPENSATED EMPLOYEES ARE EMPLOYED BY A RELATED ENTITY, WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY. THE RELATED ENTITY ESTABLISHES JOB CLASSES WITH SALARY RANGES THAT ARE BASED UPON MANY FACTORS. WCC FOUNDATION ABIDES BY THE SAME JOB CLASSES AND SALARY RANGES ESTABLISHED BY WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY FOR THEIR HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE MOST RECENT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 IS MAINTAINED AT THE WESTCHESTER COMMUNITY COLLEGE OFFICE AND IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND THROUGH THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: UNREALIZED CHANGE IN VALUE OF ASSETS IN GIFT ANNUITY -8,085. UNREALIZED FOREIGN CURRENCY TRANSLATION ADJUSTMENT 245,100. UNREALIZED CHANGE IN VALUE OF PARTNERSHIPS 111,854. WESTCHESTER COMMUNITY COLLEGE 75 GRASSLANDS ROAD VALHALLA NY 10595 136608356 EDUCATIONAL NY N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0