2015-04-29T12:11:30-05:00 2014-06-30 KPMG LLP 1676 International Drive McLean VA 22102 990 2013-07-01 540485595 UNIVERSITY OF VIRGINIA ALUMNI ASSOCIATION % DONNA AREHART UNIV 4342439000 PO BOX 400314 Suite CHARLOTTESVILLE VA 22904 DONNA R AREHART VP and CFO 4342439000 2015-04-28 true Whitney E Blair P01226647 4342439000 2013 2016-02-25 16:41:14Z C THOMAS FAULDERS III 211 EMMET STREET SOUTH CHARLOTTESVILLE VA 22903 49219847 false X WWW.ALUMNI.VIRGINIA.EDU X 1838 VA TO BUILD THE STRONGEST BOND BETWEEN THE the University and its alumni, serving as the voice and conscience of alumni, and serving the University and its mission. 39 39 89 1403 683393 -70066 35566951 41852619 5002993 5353276 719711 1260645 196899 244542 41486554 48711082 43256116 48888039 0 0 4828475 4984489 0 0 922314 3865828 4660402 51950419 58532930 -10463865 -9821848 269148717 306019558 92993755 99865420 176154962 206154138 X THE MISSION OF THE ALUMNI ASSOCIATION IS TO BUILD THE STRONGEST BOND BETWEEN THE UNIVERSITY AND ITS ALUMNI BY SERVING ALL OF THE UNIVERSITY'S ALUMNI AND STUDENTS, SERVING AS THE VOICE AND THE CONSCIENCE OF ALUMNI, AND SERVING THE UNIVERSITY AND ITS MISSION. false false 49986823 48888039 1030821 THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, SERVES THE U.VA. COMMUNITY BY OFFERING FINANCIAL AND ENDOWMENT MANAGEMENT SERVICES. WITH MORE THAN 3,700 ACCOUNTS, THE UVA FUND SERVES-IN A COST-EFFICIENT AND EFFECTIVE MANNER-APPROXIMATELY 600 STUDENT GRANT PROGRAM - ORGANIZATIONS, 200 ALUMNI CLUBS, 13 RELATED FOUNDATIONS, AND HUNDREDS OF ENDOWMENTS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS U.VA. THE ASSOCIATION ALSO MANAGES AND ADMINISTERS NUMEROUS STUDENT SCHOLARSHIPS, AND, THROUGH ITS JEFFERSON TRUST PROGRAM, PROVIDES ANNUAL GRANTS TO PROJECTS THAT ENHANCE THE UNIVERSITY AS A PREEMINENT GLOBAL INSTITUTION OF HIGHER LEARNING. 4163049 2739341 HOMECOMINGS & REUNIONS - THROUGH A SERIES OF EVENTS HELD THROUGHOUT THE YEAR, THE ASSOCIATION WELCOMES THOUSANDS OF ALUMNI BACK TO U.VA. IN MEANINGFUL, OFTEN EDUCATIONAL, WAYS THAT STRENGTHEN THE BOND BETWEEN ALUMNI AND THEIR ALMA MATER. THE STEADILY GROWING REUNIONS WEEKEND BRINGS ALUMNI BACK BASED ON CLASS YEAR, WHILE OTHER REUNIONS GEARED FOR THE YOUNGEST AND OLDEST ALUMNI PROVIDE ADDITIONAL OPPORTUNITIES TO RECONNECT WITH THE UNIVERSITY. ADDITIONAL PROGRAMMING INCLUDES SOCIAL AND EDUCATIONAL EVENTS SURROUNDING FOOTBALL GAMES AND MORE THAN 150 STUDENT EVENTS DESIGNED TO BUILD COMMUNITY AND CLASS IDENTITY. 1566950 899721 ALUMNI COMMUNICATIONS - THE ASSOCIATION IS A VIBRANT CENTER OF COMMUNICATIONS FOR ALUMNI, PARENTS, STUDENTS AND FACULTY, USING A VARIETY OF MEDIA, INCLUDING PRINT, ONLINE, MOBILE, TABLET AND VIDEO. THESE PLATFORMS COMBINE TO PROVIDE TIMELY AND ACCURATE COMMUNICATIONS TO THE ASSOCIATION'S CONSTITUENTS IN THE WAYS THEY CHOOSE TO CONSUME INFORMATION, KEEPING THEM WELL INFORMED AND WELL CONNECTED TO THE UNIVERSITY, AS WELL AS TO ONE ANOTHER. THE ASSOCIATION PUBLISHES THE AWARD-WINNING QUARTERLY U.VA. MAGAZINE, WHICH IS DISTRIBUTED TO ALL ALUMNI AND STUDENTS. THIS PUBLICATION IS SUPPLEMENTED BY WEBSITES, SOCIAL MEDIA, ELECTRONIC NEWSLETTERS AND VIDEOS. 55716822 true true false false false false false false false true true true false false true true true false false false true false false false false false false true false true false false false false false false false false true false false false true true true true false false true 447 0 true 89 true true true false false false false true true false false false false false X 39 39 false false false false false false false true true false false true true true true true true true true false AK AR CA CO KY MD MA MI MN NH NJ NY NC OH OK OR PA RI SC TN UT WV WI X DONNA AREHART 4342439000 ALUMNI HALL CHARLOTTESVILLE VA 229030446 X ATIIM K BARBER Board of Managers 1.0 0.0 X 0 0 0 PAUL B BARRINGER II Board of Managers 1.0 0.0 X 0 0 0 CLIFFORD W BOGUE MD Board of Managers 1.0 0.0 X 0 0 0 SUSAN P CAMPBELL Board of Managers 1.0 0.0 X 0 0 0 SHANNON S CARTER Board of Managers 1.0 0.0 X 0 0 0 ALLISON C DINARDO Board of Managers 1.0 0.0 X 0 0 0 RAJ R DOSHI Board of Managers 1.0 0.0 X 0 0 0 JAMES T FANG Board of Managers 1.0 0.0 X 0 0 0 ELIZABETH P FOSTER Board of Managers 1.0 0.0 X 0 0 0 PETER M GRANT II Board of Managers 1.0 0.0 X 0 0 0 OWEN D GRIFFIN JR Board of Managers 1.0 0.0 X 0 0 0 JOHN H HARRIS Board of Managers 1.0 0.0 X 0 0 0 N WILLIAM JARVIS Board of Managers 1.0 0.0 X 0 0 0 MEREDITH B JENKINS Board of Managers 1.0 0.0 X 0 0 0 SHELLY G JOHNSON Board of Managers 1.0 0.0 X 0 0 0 JEFF S LEE Board of Managers 1.0 0.0 X 0 0 0 TERI S LOVELACE Board of Managers 1.0 0.0 X 0 0 0 J BRADY LUM Board of Managers 1.0 0.0 X 0 0 0 FRANCES D MCMULLAN MD Board of Managers 1.0 0.0 X 0 0 0 TIMOTHY G O'SHEA Chair 1.0 0.0 X X 0 0 0 MATHIAS J PACO Board of Managers 1.0 0.0 X 0 0 0 SHANNON O PIERCE Board of Managers 1.0 0.0 X 0 0 0 MARK A VICTOR PINHO Board of Managers 1.0 0.0 X 0 0 0 C MARK PIRRUNG Board of Managers 1.0 0.0 X 0 0 0 NOREEN L POULSON Board of Managers 1.0 0.0 X 0 0 0 JAMES E RUTROUGH JR Board of Managers 1.0 0.0 X 0 0 0 PUJA SEAM Board of Managers 1.0 0.0 X 0 0 0 CHRISTIAN D SEARCY Board of Managers 1.0 0.0 X 0 0 0 STEPHEN P SMILEY Vice Chair 1.0 0.0 X X 0 0 0 ELIZABETH A SMITH Board of Managers 1.0 0.0 X 0 0 0 JULIOUS P SMITH JR Board of Managers 1.0 0.0 X 0 0 0 MICHAEL C SMITH Board of Managers 1.0 0.0 X 0 0 0 JAMES R SOCAS Board of Managers 1.0 0.0 X 0 0 0 TERESA A SULLIVAN Board of Managers 1.0 0.0 X 0 0 0 DAVID G SUTTON Board of Managers 1.0 0.0 X 0 0 0 MICHELE T TARBET Board of Managers 1.0 0.0 X 0 0 0 JOAN S TOOLEY Board of Managers 1.0 0.0 X 0 0 0 SHERYL W WILBON Board of Managers 1.0 0.0 X 0 0 0 AMY B WRIGHT Board of Managers 1.0 0.0 X 0 0 0 C THOMAS FAULDERS III President & CEO 40.0 0.0 X 330866 0 39324 DONNA R AREHART VP of Finance 40.0 0.0 X 190198 0 41012 WAYNE D COZART VP of Development 40.0 0.0 X 145119 0 23963 ROBERT J VICCELLIO VP of Communications 40.0 0.0 X 125940 0 41058 MARY C BASS Director of Endowment 40.0 0.0 X 120511 0 24822 ALEXANDER B NEWELL Director of Technology 40.0 0.0 X 104631 0 35901 JASON E LIFE Director of Alumni Engagement 40.0 0.0 X 101609 0 35413 1118874 0 241493 15 false true false BurWil Construction Co Inc 620 Locust St Bristol TN 37620 Grant - SW Va Ed Ctr 4202168 Optafuel 851 French Moore Jr Blvd St 124 Abingdon VA 24210 Grant - SW Va Ed Ctr 1642119 Cavitronix Corporation 14570 Industrial Park Rd Bristol VA 24202 Grant - SW Va Ed Ctr 523857 Ball Construction Co Inc 1675 Park Ave NW Norton VA 24273 Grant - SW Va Ed Ctr 466810 University of Virginia Investment M PO Box 400215 Charlottesville VA 22904 Investment Mngt Fees 453931 15 1187865 6296471 34368283 3826433 41852619 UVA CONTRACTUAL SERVICES 900099 2301716 2301716 FOUNDATION EXPENSE REIMBURSEMENT 900099 58000 58000 ADMINISTRATIVE SERVICE FEES 900099 1030821 1030821 Commissions 900099 75260 75260 Advertising 541700 696366 102613 593753 1191113 1101473 89640 5353276 1289785 1289785 0 244542 244542 0 0 0 479625 508765 -29140 -29140 -29140 0 0 0 0 48711082 4669883 683393 1505187 48888039 48888039 0 0 0 609242 241088 241088 127066 0 3042604 2504685 281239 256680 411561 297709 56863 56989 663639 521878 96519 45242 257443 191682 32866 32895 0 16404 16404 134025 59151 74874 0 0 649178 649178 0 75485 70148 3199 2138 1149342 967335 6714 175293 21934 20534 672 728 0 571234 203807 272137 95290 40574 32687 4527 3360 0 0 0 0 230454 105492 75908 49054 87368 -77 74950 12495 SPECIAL PROMOTIONS 1628121 1556381 6656 65084 PRINTING AND PUBLICATIONS 56283 56283 58532930 55716822 1893794 922314 X 0 0 27108034 16112272 6891432 7431989 0 0 0 0 0 0 0 0 0 0 83304 96705 9126729 5479407 3562893 3647322 52394425 55827681 167748410 210634604 0 0 0 0 11360219 12268985 269148717 306019558 1068101 1671927 0 0 0 0 0 0 0 0 0 0 0 0 0 0 91925654 98193493 92993755 99865420 X 57423623 66945303 75896747 90336956 42834592 48871879 176154962 206154138 269148717 306019558 X -9821848 38389104 1431920 X false true X true false X 26323449 31295394 43414000 35566951 41852619 178452413 0 0 26323449 31295394 43414000 35566951 41852619 178452413 0 178452413 1250938 1265849 9095238 927037 1534327 14073389 27216 59181 8662 -110799 -70066 -85806 0 192439996 21423531 0.92732 0.81290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 176154962 40664754 39000571 7126569 42539580 206154138 162333224 34346629 25064096 6420213 39168774 176154962 145041867 58777566 8437996 6499813 43424392 162333224 116364394 28888861 34670779 34882167 0 145041867 104947058 23843826 19610095 32036585 0 116364394 0.32000 0.24000 0.44000 true false 112388 112388 6226627 4167135 2059492 1501551 844340 657211 1286163 467932 818231 3647322 PRIVATE EQUITY 13021727 F LONG/SHORT EQUITY 55167089 F REAL ESTATE 17881321 F CREDIT 27241610 F RESOURCES 11528626 F CASH & ACCURALS 12917558 F BUYOUT 33782700 F PORTFOLIO OVERLAYS 37893 F BONDS 39056080 F 210634604 0 RELATED ORAGNIZATIONS 95209057 OTHER LIABILITIES 541983 ANNUITY & LIFE INCOME OBLIGATI 2442453 98193493 X 87882928 38389104 1431920 39821024 48061904 649178 649178 48711082 57883752 57883752 649178 649178 58532930 FIN 48 FOOTNOTE SCHEDULE D FIN 48 FOOTNOTE THE ASSOCIATION IS REQUIRED TO RECOGNIZE A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN BASED ON A 'MORE-LIKELY THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE ASSOCIATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V THE ASSOCIATION'S ENDOWMENTS CONSIST OF APPROXIMATELY 3,300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES IN FURTHERANCE OF THE ASSOCIATION'S MISSION, INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS, TERM ENDOWMENTS, AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. THE ENDOWMENTS SUPPORT SPECIFIC PROGRAMS, SCHOLARSHIPS, STUDENT ACTIVITES, AND UNIVERSITY-RELATED ORGANIZATIONS. SCHEDULE D, PART XI AND PART XII PART XI, LINE 2D AMOUNT REPRESENTS Change in Fair Value of Beneficial Interests in Trusts 1,198,008 Change in Value of Trusts & Annuities 233,912 --------- TOTAL 1,431,920 true East Asia and the Pacific Program Services Student research & aid 45703 Europe (Including Iceland and Greenland) Program Services Student research & aid 70440 North America Program Services Student research & aid 5524 South America Program Services Student research & aid 1082 South Asia Program Services Student research & aid 655 Sub-Saharan Africa Program Services Student research & aid 7117 130521 130521 false false false false false false PART I The UVa Fund provides funds for an extensive range of multidisciplinary work reflecting international interests. These funds promote the engagement of faculty and students in the development of multidisciplinary scholarship and research projects that address social justice, sustainable economic development, public health, global interconnection, and public service. Funds are used to pay for speakers, travel and hands-on learning opportunities for students and faculty. true UNIVERSITY OF VIRGINIA PO BOX 40229 CHARLOTTESVILLE VA 22904 546001796 501(c)(3) 48888039 PROGRAM SUPPORT - FINANCIAL SUPPORT 1 N/A U.VA FUND SCHEDULE I, PART I THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, MANAGES HUNDREDS OF ENDOWMENTS, SCHOLARSHIPS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS THE UNIVERSITY COMMUNITY. DETAILED RECORDS OF ALL GIFTS, SCHOLARSHIPS AND ENDOWMENT FUNDS RECEIVED BY THE ASSOCIATION ARE PERMANENTLY FILED AND MAINTAINED. THE ACCOUNTING SOFTWARE UTILIZED BY THE UVA FUND PROVIDES AN ACCURATE AND DETAILED HISTORY OF ALL ENDOWMENT FUNDS BY ACCOUNT BALANCE AND GRANTS MADE. ALL GRANT REQUESTS ARE REVIEWED BY MANAGEMENT PRIOR TO PAYMENT TO ENSURE THAT THEY MATCH THE FUND'S PURPOSE, CONFORM TO THE DONOR'S ORIGINAL INTENT AND THAT ALL RESTRICTIONS ARE MET. X true true X X X X X false false false false false false false true false C THOMAS FAULDERS III President & CEO 266437 0 22466 0 41963 0 22747 0 16577 0 370190 0 0 0 DONNA R AREHART VP of Finance 163078 0 6609 0 20511 0 25376 0 15636 0 231210 0 0 0 WAYNE D COZART VP of Development 127861 0 5158 0 12100 0 25269 0 -1306 0 169082 0 0 0 ROBERT J VICCELLIO VP of Communications 111784 0 4571 0 9585 0 22684 0 18374 0 166998 0 0 0 Schedule J Part I, Line 1 HEALTH OR SOCIAL CLUB DUES THE ALUMNI ASSOCIATION PROVIDES THE PRESIDENT AND CEO WITH A MEMBERSHIP TO THE FARMINGTON COUNTRY CLUB. FARMINGTON IS A SOCIAL CLUB USED BY THE EMPLOYEE FOR BUSINESS AND RECREATIONAL USE. THIS IS CONSIDERED FULLY TAXABLE AND IS THEREFORE INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES FOR THE YEAR. SCHEDULE J PART I, LINE 7 INCENTIVE COMPENSATION A PORTION OF THE ALUMNI ASSOCIATION COMPENSATION PACKAGE IS INCENTIVE BASED. INCENTIVE COMPENSATION IS BASED ON THE FOLLOWING THREE CRITERIA: THE EMPLOYEE'S INDIVIDUAL PERFORMANCE; AN EMPLOYEE'S DEPARTMENTAL PERFORMANCE; AND THE PERFORMANCE OF THE ORGANIZATION AS A WHOLE. AN EMPLOYEE'S PAY BAND LEVEL DETERMINES THE WEIGHTING OF EACH CRITERION. THIS INCENTIVE PLAN IS APPROVED ANNUALLY BY THE ASSOCIATION'S BOARD OF MANAGERS AND IS NOT A CONTRACTUAL OBLIGATION OF THE ASSOCIATION. X 1 354860 FMV X 229 3067373 FMV X HORSES 10 279350 APPRAISAL X OTHER 57 124849 FMV 10 false true true SCHEDULE M, LINE 32A THE ALUMNI ASSOCIATION USES INDEPENDENT AGENTS AND BROKERS TO SELL AND PROCESS GIFTS OF SECURITIES. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D THE UNIVERSITY OF VIRGINIA RECOGNIZES THE VALUE OF A STRONG, INDEPENDENT ALUMNI ASSOCIATION. AS SUCH, THE ASSOCIATION IS GOVERNED BY A SELF-PERPETUATING BOARD AND ITS EXECUTIVE DIRECTOR REPORTS TO THE ASSOCIATION'S BOARD. THE ASSOCIATION PARTNERS WITH THE UNIVERSITY TO CREATE A STRONG AND COLLABORATIVE INSTITUTION-WIDE ALUMNI ENGAGEMENT PROGRAM THAT HAS ENHANCED THE UNIVERSITY'S ABILITY TO BUILD AND MAINTAIN TIES WITH AN INCREASINGLY DIVERSE COMMUNITY OF ALUMNI. ALUMNI HALL IS SEEN AS THE "HUB" OF ALUMNI-RELATIONS ACTIVITIES AND THE UNIVERSITY COMMITS FUNDS TO ALUMNI-RELATIONS PROGRAMS UNDERTAKEN BY THE ASSOCIATION ON BEHALF OF THE UNIVERSITY. THROUGH JOINT STRATEGIC PLANNING, THE ASSOCIATION AND THE UNIVERSITY HAVE SUCCESSFULLY CREATED BEST-IN-CLASS ALUMNI PROGRAMS AND SERVICES THAT ARE DELIVERED TO ALUMNI IN A SEAMLESS FASHION. IN ADDITION TO THE THREE LARGEST PROGRAM EXPENSES DESCRIBED IN PART III, LINES 4A THROUGH 4C, THE ASSOCIATION IS ALSO RESPONSIBLE FOR THE FOLLOWING PROGRAMS AND SERVICES: ALUMNI CAREER COUNSELING; AFFINITY INTEREST GROUPS; YOUNG ALUMNI COUNCIL; CLASS COUNCILS AND TRUSTEES; ADMISSIONS COUNSELING; ALUMNI RECORDS DATABASE; AND VARIOUS REVENUE-GENERATING PROGRAMS THAT PROVIDE FINANCIAL SUPPORT FOR THE ASSOCIATION, SUCH AS ROYALTIES, RENTALS, SERVICE AND ADMINISTRATIVE FEES, ANNUAL GIVING AND MEMBERSHIP DUES. Governing Body Delegation of Broad Authority Form 990, Part VI, line 1a In accordance with Article X, Section 1 of the Association's Corporate Bylaws, the Board of Managers may create an Executive Committee and shall appoint Managers to serve on it. The committee shall have two or more members, with a majority of the committee membership consisting of Managers, and all of whom shall serve at the pleasure of the Board. The current Executive Committee consists of 19 members, all of which are voting Managers of the Board. Pursuant to Article II, Section 2 of the Corporate Bylaws, the Executive Committee of the Board of Managers is empowered to act on any matters between regular Board meetings with the following exceptions: The Executive Committee may not (i) fill vacancies on the Board or on any of its committees; (ii) amend the Articles of Incorporation; (iii) adopt, amend or repeal these Bylaws; (iv) approve a plan of merger or consolidation; (v) approve the sale, lease or exchange, or the mortgage, pledge or other disposition of all, or substantially all, of the property and assets of the Association; or (vi) approve revocation of voluntary dissolution proceedings. 990 REVIEW PROCESS FORM 990, PART VI, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO THE ALUMNI ASSOCIATION'S BOARD OF MANAGERS FOR REVIEW. IN ADDITION, THE 990 HAS BEEN REVIEWED BY MANAGEMENT AND THE ASSOCIATION'S INDEPENDENT ACCOUNTING FIRM KPMG. THE RETURN IS FURTHER REVIEWED AND DISCUSSED DURING THE AUDIT COMMITTEE SESSION OF THE SPRING BOARD OF MANAGERS MEETING. THE 990 IS FILED SUBSEQUENT TO THE COMPLETION OF ALL LEVELS OF REVIEW. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12 ANNUALLY, EACH MEMBER OF THE BOARD OF MANAGERS FILES WITH THE EXECUTIVE DIRECTOR A "CONFLICT OF INTEREST DISCLOSURE STATEMENT." IN ADDITION, THIS STATEMENT IS FILED BY FUTURE MEMBERS OF THE BOARD OF MANAGERS AT THE TIME OF THEIR ELECTION. A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS CONSIDERED TO EXIST IF THE MEMBER OR A MEMBER'S DEPENDENT HAS ANY RELATIONSHIP, INTEREST, OR SITUATION WHICH MIGHT INDICATE A DUALITY OF LOYALTY OR INTEREST. IF A CONFLICT EXISTS, THE MEMBER IS ASKED TO IDENTIFY THE SPECIFIC CONFLICT. ANY MEMBER OF THE BOARD HAVING A CONFLICT OF INTEREST IN CONNECTION WITH ANY MATTER BEFORE THE BOARD SHALL SO INDICATE AT THE TIME AND SHALL NOT TAKE PART IN ANY VOTE WITH RESPECT TO SUCH MATTER.THE MINUTES OF THE MEETING SHALL REFLECT ANY SUCH DISCLOSURE AND ABSTENTION FROM VOTING. IF CONFIDENTIAL INFORMATION WILL BE PRESENTED OR DISCUSSED, THE MEMBER OF THE BOARD WITH THE CONFLICT WILL BE EXPECTED TO EXCUSE HIMSELF/HERSELF DURING THAT PORTION OF THE MEETING. EXECUTIVE COMPENSATION PROCESS FORM 990, PART VI, LINE 15 THE BOARD OF THE ALUMNI ASSOCIATION INCLUDES AN INDEPENDENT COMPENSATION COMMITTEE THAT IS CHARGED WITH THE REVIEW OF THE PRESIDENT & CEO'S COMPENSATION AND BENEFIT PACKAGE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS THE DELIBERATION AND DECISION IN MINUTES BEFORE APPROVING THE COMPENSATION AND BENEFITS PACKAGE OF THE PRESIDENT & CEO. MANAGEMENT AND KEY OFFICIAL COMPENSATION IS REVIEWED BY THE ASSOCIATION'S PRESIDENT ANNUALLY. THE COMPENSATION COMMITTEE RETAINS AN INDEPENDENT CONSULTANT TO PROVIDE AN INTERMEDIATE SANCTIONS REVIEW OF THE PRESIDENT AND FIVE HIGHEST PAID POSITIONS AND A MARKET VALUE ANALYSIS OF ALL MAJOR JOB DESCRIPTIONS ON A TRIENNIAL BASIS. THIS REVIEW WAS LAST PERFORMED IN CALENDAR YEAR 2014. DISCLOSURE FORM 990, PART VI, LINE 19 THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ASSOCIATION DOES MAKE ITS FORM 990 AND 990-T AVAILABLE TO THE PUBLIC. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Change in Fair Value of Beneficial Interests in Trusts 1,198,008 Change in Value of Trusts & Annuities 233,912 --------- TOTAL 1,431,920 THE JEFFERSON TRUST FOR THE UNIV OF VA 211 EMMET STREET SOUTH CHARLOTTESVILLE VA 22903 GRANT PROGRAM VA 0 NA FARQUHAR DAVID TUA PO BOX 400314 CHARLOTTESVILLE VA 22904 946402196 MANAGEMENT CA UVA ALUMNI ASSN Trust 530553 1249200 1.00000 true false false false false false false false false false false false false false false false false false false true FARQUHAR DAVID TUA s 510224 FMV