2015-05-14T15:40:51-07:00 2014-06-30 990 2013-07-01 237394620 UNIVERSITY OF ALASKA FOUNDATION UNIV 9074508030 PO Box 755120 Fairbanks AK 997755120 Jim Lynch Treasurer 9074508121 2015-05-14 2013 2016-02-25 16:41:14Z Jim Lynch PO Box 755120 Fairbanks AK 997755120 141720301 0 X http://www.alaska.edu/foundation X 1974 AK The mission of the University of Alaska Foundation is to seek, secure, and steward philanthropic support to build excellence at the University of Alaska. 27 23 0 36 8987 0 15534221 21446680 615865 697364 14921463 17288305 -50784 -24851 31020765 39407498 15750047 12914750 0 0 0 0 0 0 348360 2826166 3576914 18576213 16491664 12444552 22915834 210073975 381908221 3784924 149086360 206289051 232821861 The mission of the University of Alaska Foundation is to seek, secure and steward philanthropic support to build excellence at the University of Alaska. 0 0 12914750 12914750 697364 The Foundation is a partner with the University of Alaska (UA) in raising private funds to benefit students, programs and projects across UA's 16-campus system. The Foundation provides strategic counsel, research, data, and technical assistance to campuses, helping to ensure coordinated and efficient fund development efforts for the UA system. Private gifts to the University of Alaska system are entrusted to the Foundation which serves as the sole manager of those funds. In addition, it manages the investable assets of UA's Land Grant Trust Fund. The Foundation is responsible for gift acceptance, investment and disbursement to UA, ensuring private contributions are used in accordance with donors' wishes. More than 1500 separate named and endowed funds are managed and invested for the benefit of the University. In the Fiscal Year ending 2014, the Foundation distributed grants of $13.1 million, including $3.1 million which funded more than 2100 scholarships. 0 0 0 12914750 1 1 0 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 13 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 27 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK X X James Lynch 9074508030 910 Yukon Drive Suite 206 Fairbanks AK 99775 Susan Anderson Board Chair and Trustee 2.4 0 X X 0 0 0 Leo Bustad Trustee 4.2 0.2 X 0 0 0 Cynthia Cartledge Trustee 0.6 0 X 0 0 0 Tom Case Trustee 0.9 93 X 0 274599 64040 Fuller Cowell Trustee 1.7 2.6 X 0 0 0 Melody Feniks Trustee 1.2 0.1 X 0 0 0 Pat Gamble Trustee 0.7 55 X 0 326417 57402 Gregory Gursey Trustee 1 0 X 0 0 0 Mary Hughes Trustee 3.8 3.5 X 0 0 0 John Hughes Trustee 0 0 X 0 0 0 Linda Hulbert Trustee 0.4 0 X 0 0 0 Amy Humphreys Trustee 0 0 X 0 0 0 Thomas Jensen Trustee 0 0 X 0 0 0 Scott Jepsen Trustee 0.6 0 X 0 0 0 Jim Johnsen Vice Chair and Trustee 2.1 0 X X 0 0 0 Cary Keller Trustee 0.4 2 X 0 0 0 Betsy Lawer Trustee 0 0 X 0 0 0 Jo Michalski Trustee 1.9 0 X 0 0 0 Frank Paskvan Trustee 0.8 0 X 0 0 0 Karen Polley Secretary and Trustee 1.3 0 X X 0 0 0 John Pugh Trustee 0.6 60 X 0 218930 16356 Brian Rogers Trustee 0.8 63 X 0 318622 42366 Marilyn Romano Trustee 0.7 0 X 0 0 0 Grace Schaible Trustee 0.2 0 X 0 0 0 Lorali Simon Trustee 0.2 0 X 0 0 0 Arliss Sturgulewski Trustee 0.8 0 X 0 0 0 Anand Vadapalli Trustee 0.1 0 X 0 0 0 Carolyne Wallace Trustee 10.2 0 X 0 0 0 Eric Wohlforth Trustee 3.3 0 X 0 0 0 Carla Beam President and Trustee 17 39 X X 0 203580 27672 Jim Lynch Treasurer 10 40 X 0 133125 37110 Tamera Weaver Chief Investment Officer 35 13 X 0 124680 25479 Megan Riebe Executive Director 48 0 X 0 109885 44681 David Woodley Advancement Services Director 50 15 X 0 130587 35453 0 1840425 350559 0 0 1 0 University of Alaska PO Box 756540 Fairbanks AK 997756540 Procurement of Staff 2141189 1 0 110258 336996 800000 0 20199426 504265 21446680 Associated Entity Services Fee 523920 649800 649800 0 0 Membership Revenue 900099 32892 32892 0 0 Student Investment Fund 523920 14672 14672 0 0 0 0 0 0 697364 2218584 0 -3528 2222112 0 0 0 0 116 0 0 116 0 0 0 0 0 0 0 0 0 0 102502334 14632774 102065387 0 436947 14632774 15069721 0 12515 15057206 222227 336996 246756 -24529 0 -24529 0 0 0 0 0 0 222 660 -438 -438 0 0 0 39407498 696926 8987 17254905 12899750 12899750 15000 15000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 492430 0 433170 59260 700 0 700 0 573720 0 573720 0 0 0 0 0 0 0 936891 0 936891 0 1150639 0 948027 202612 8420 0 0 8420 86079 0 46011 40068 88305 0 88305 0 5 0 5 0 81408 0 68033 13375 73617 0 71683 1934 0 0 0 0 32149 0 31115 1034 0 0 0 0 0 0 0 0 0 0 0 0 7219 0 7219 0 Tuition/Registration 8698 0 8124 574 Subscription/books + Dues/memberships 17881 0 11442 6439 Special Event Expenses-Indirect + SW campaign 7124 0 0 7124 Miscellaneous 11629 0 4109 7520 0 0 0 0 16491664 12914750 3228554 348360 0 0 30185103 25608819 8588885 8236743 0 0 0 0 0 0 2356100 2241188 37752 55605 0 0 0 118224388 24529668 49339590 319699498 838953 1052630 0 0 503204 484070 210073975 381908221 282550 281628 1967584 1105200 233108 135248 0 0 0 0 0 0 1029091 1029091 245547 298701 27044 146236492 3784924 149086360 X 24990628 26799442 85444170 106689108 95854253 99333311 206289051 232821861 210073975 381908221 X 22915834 3321531 0 0 0 295445 X 0 1 X 1 0 X 16834492 16672350 18826839 15534221 21446680 89314582 0 0 0 0 0 0 54980 54980 58287 49503 44092 261842 16889472 16727330 18885126 15583724 21490772 89576424 6714536 82861888 2114529 2597466 1969288 1093182 2222228 9996693 -117527 73441 -173773 -90026 8987 -298898 0 0 0 0 0 0 99274219 4056918 0.83468 0.73143 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 16490578 16490578 974529 243632 0 0 970616 976876 1000000 974529 3922021 5883032 0 0 0 0 0 242654 244219 250000 243632 980505 1470758 0 0 0 0 0 157160895 5947369 19276289 4709970 0 1491079 176183504 143702788 5770434 13913111 4907811 0 1317627 157160895 142210370 7224184 375418 4787727 0 1319457 143702788 112815560 14467562 19335170 3313940 0 1093982 142210370 92958433 14541688 8021776 1781961 0 924376 112815560 0.24 0.56 0.2 0 0 0 276400 F UAFCEF L.P. 319423097 F Non-marketable Securities 1 F 319699498 0 Assets held in trust for the University of Alaska 146213435 Charitable Remainder Trust 23057 146236492 X 42303198 3321531 0 0 284209 3605740 38697458 936891 -226851 710040 39407498 15770388 0 0 0 236180 236180 15534208 936891 20565 957456 16491664 Schedule D, Part V, Line 4 Earnings on endowments are used to support the University of Alaska as specified by our donors including, but not limited to, scholarships, fellowships, professorships and department support. The University of Alaska and the Foundation are invested jointly in the Consolidated Endowment Fund. The University has 46% ownership and the Foundation has 54% ownership. Schedule D, Part X, Line 2 The foundation is an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is generally not subject to federal income taxes. Contributions to the foundation are deductible for tax purposes by the donor, subject to the normal limitations imposed by the taxing authorities. However, the foundation is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded from any unrelated trade or business. In the opinion of management any unrelated business income tax would be immaterial to the basic financial statements taken as a whole. The foundation is no longer subject to U.S. federal or state income tax examinations by tax authorities for fiscal years prior to June 30, 2011. The foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Schedule D, Part XI, Line 2d Loss on pledges for <29,947>, contributions refunded to donors 110, adjustments to remainder trust liability for 325,282, and gifts in kind write down reversals <11,236>. Schedule D, Part XI, Line 4b Event expenses were included in the revenue section for <246,756>, event expenses from outside sources were posted to increase revenue and expenses for 20,565, and Costs of Goods Sold was deducted from inventory for <660>. Schedule D, Part XII, Line 2d Direct event expenses were reported in the revenue section for 246,756, Cost of Goods Sold was reported in the revenue section for 660, and Gift In Kind write down reversal of <11,236>. Schedule D, Part XII, Line 4b Event expenses from outside sources for 20,565. Dinner 132706 81285 51421 0 0 3025 27275 200 24131 Dinner 105110 80920 24190 0 0 0 13670 4350 11849 10 300505 168982 131523 0 880 813 51924 7703 80214 538321 331187 207134 0 880 3838 92869 12253 116194 226034 -18900 1 University of Alaska PO Box 755000 Fairbanks AK 997755000 926000147 115 12824831 74919 FMV on date property received. Airline Vouchers and Auction items. Scholarships and other Department Support for the University Programs. 0 0 Distinguished Service Awards 1 15000 Schedule I, Part I, Line 2 All grant funds provided to the university are required to include appropriate documentation providing details on expenditures, including authorized signature authority. All scholarship requests are monitored by review of the criteria related to the scholarship, which provides assurance that the recipient meets eligibility requirements. Student progress is monitored to assure continued compliance with established criteria. 0 0 0 0 0 0 0 0 0 Pat Gamble Trustee 0 293387 0 0 0 33030 0 33813 0 23589 0 383819 0 0 Carla Beam President 0 202800 0 0 0 780 0 27549 0 123 0 231252 0 0 Tom Case Trustee 0 255119 0 0 0 19479 0 38913 0 25127 0 338638 0 0 David Woodley Advancement Services Director 0 128580 0 0 0 2007 0 3213 0 32240 0 166040 0 0 John Pugh Trustee 0 216471 0 0 0 2459 0 3213 0 13143 0 235286 0 0 Megan Riebe Executive Director 0 109105 0 0 0 780 0 16921 0 27760 0 154566 0 0 Brian Rogers Trustee 0 295374 0 0 0 23248 0 38913 0 3453 0 360988 0 0 Jim Lynch Treasurer 0 129669 0 0 0 3456 0 36987 0 123 0 170235 0 0 Tamera Weaver Chief Investment Officer 0 123000 0 0 0 1680 0 3213 0 22266 0 150159 0 0 Schedule J, Part I, Line 3 Compensation for the President of the University of Alaska Foundation is not approved by the Board of Trustees since she is not compensated by the University of Alaska Foundation. X 13 417509 Market quotation X Alaska Airline tickets 1 30288 Average ticket price at time of contribution of a roundtrip ticket to 12 destinations. X Various Auction items 168 56468 Fair market value at date of donation. 0 0 1 0 Schedule M, Part I Our organization is reporting the number of contributions received. Form 990, Part I, Line 6 In FY14 there were 36 individuals that volunteered as trustees and committee members for the foundation. They provided over 2,000 hours of service based on meeting attendance and preparation, and conference attendance representing the organization. Form 990, Part VI, Section A, Line 1a The Executive Committee consists of no more than 6 members, who are also members of the governing body. The committee acts only during intervals between meetings of the Board of Trustees and may exercise all of the authority and powers of the Board of Trustees in the management of the affairs of the Foundation, with the exception that they may not amend the Bylaws. Form 990, Part VI, Section A, Line 2 Mary and John Hughes have a family relationship as well as a business relationship. Jim Johnsen and Anand Vadapalli have a business relationship. Form 990, Part VI, Section B, Line 11b The Accounting Manager prepared a detailed preliminary review of the Form 990 for the Foundation President, Treasurer, Chief Investment Officer, and Chairman of the Finance and Audit Committee for discussion. At this meeting the staff resolved issues and defined key components of this filing. A full comprehensive review was performed by an exempt organization tax professional prior to the final executive summary presentation made to the Finance and Audit Committee during a regularly scheduled meeting. All trustees were invited to this presentation, and full copies of the Form 990 were posted and available for review on a secure section of the Foundation's website. In addition, the Form 990 was made available at the University of Alaska Foundation website within 10 days of filing, which was accessible by all board members as well as the general public. Form 990, Part VI, Section B, Line 12c The University of Alaska Foundation has a Conflict of Interest Policy which applies to board members, all committees, subcommittees, officers, employees and volunteers having board-delegated powers. This policy is distributed annually and each recipient reviews the policy, signs it and returns it to the Board Coordinator indicating either no conflicts or disclosing any existing or foreseeable conflicts. Any disclosures are then forwarded to the Executive Committee for review and action. The policy provides that potential conflicts are to be disclosed to the board, committee, officer or supervisor as soon as practicable after becoming aware of a potential conflict. If a conflict is disclosed in a meeting, the person of interest is asked to leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict. If appropriate, another person or committee may be appointed to investigate alternatives to the proposed transaction or arrangement. The nature of the potential conflict, the determination by the board or committee, and the details of any votes taken are documented in the minutes of the meeting. Any person violating the Conflict of Interest Policy shall be subject to appropriate discipline, including dismissal or removal from office. Form 990, Part VI, Section B, Line 15 Compensation is not approved by the Board of Trustees since these individuals are not compensated by the University of Alaska Foundation. Form 990, Part VI, Section C, Line 19 The articles of incorporation and financial statements are available to the general public on the Foundation website, www.alaska.edu/foundation. The conflict of interest policy is available to the general public upon request. Form 990, Part XI, Line 9 Actuarial adjustment of remainder trust liability was reclassified for $325,282. Uncollectible pledges were reclassified for <$29,947>. The foundation refunded four contributions for a total of $110 during the year. Schedule B, Part I On Schedule A Part I the Foundation qualifies for Public Charity Status by definition on line 5. This organization also meets the Schedule B "special rule" for a non-private Foundation classification under section 170(b)(1)(A)(vi) so that we meet the 2% threshold for reporting based on Part VII, Line 1h. University of Alaska PO Box 756540 Fairbanks AK 997756540 926000147 Education through teaching, research AK N/A 0 University of Alaska Foundation Consolidated Endowment Fund LP 125 High Street Oliver Street Tower Boston MA 02110 462876772 Investment Management DE University of Alaska Foundation Excluded 12945360 306219714 1 -1002 0 0.99999 Charitable Remainder Trust (2) 207 Butrovich Building Fairbanks AK 99775 Charitable Remainder AK N/A T 1 1 1 1 0 0 1 0 0 0 0 1 0 0 1 1 1 1 1 1 University of Alaska Foundation Consolidated Endowment Fund LP a-i 821918 Fair market value University of Alaska Foundation Consolidated Endowment Fund LP b 295207988 Fair market value University of Alaska Foundation Consolidated Endowment Fund LP c 11498710 Fair market value University of Alaska Foundation Consolidated Endowment Fund LP f 1957842 Fair market value Schedule R, Part II The University of Alaska does not meet the definition of a 'related organization' for required reporting on Form 990, Schedule R. Although the University is supported by the University of Alaska Foundation, the Foundation is a public charity under Section 170(b)(1)(A)(iv) rather than under Section 509(a)(3). The University of Alaska Foundation is voluntarily reporting data upon Part VII and Schedule R as though there were a 509(a)(3) supporting/supported relationship in place with the University because management believes that donors and other readers of the Form 990 have an expectation that this information will be included on this Form 990.