2015-05-12T13:48:22-05:00 2014-06-30 420714325 MCGLADREY LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2013-07-01 330868418 THE CAMPANILE FOUNDATION CAMP 6195940295 5500 CAMPANILE DRIVE SAN DIEGO CA 921821968 SARAH J SLAUGHTER CFO 6195940295 2015-05-08 1 CHRISTOPHER M PEKULA P00734965 2133304800 2013 2016-03-07 17:11:31Z MARY RUTH CARLETON 5500 CAMPANILE DRIVE SAN DIEGO CA 921821968 42801568 0 X WWW.NEWSCENTER.SDSU.EDU/TCF/ X 1999 CA TO PROVIDE SAN DIEGO STATE UNIVERSITY WITH COMMUNITY EXPERTISE, OVERSIGHT, AND ADVOCACY TO INCREASE PRIVATE GIVING AND TO MANAGE THE PHILANTHROPIC ASSETS OF THE UNIVERSITY. 34 31 0 31 0 0 43029047 41151124 0 0 1432091 1531993 0 48109 44461138 42731226 21654391 20506054 0 0 0 0 25200 0 1544254 6113112 8203308 27792703 28709362 16668435 14021864 229295852 269945046 19295607 22386301 210000245 247558745 X TO PROVIDE SAN DIEGO STATE UNIVERSITY WITH COMMUNITY EXPERTISE, OVERSIGHT, AND ADVOCACY TO INCREASE PRIVATE GIVING AND TO MANAGE THE PHILANTHROPIC ASSETS OF THE UNIVERSITY. 0 0 9269728 9269728 THE CAMPANILE FOUNDATION PROVIDES FUNDS TO SAN DIEGO STATE UNIVERSITY IN SUPPORT OF THE UNIVERSITY ACADEMIC AND ATHLETIC ACTIVITIES. 7837678 7837678 THE CAMPANILE FOUNDATION RAISES FUNDS TO SUPPORT STUDENT SCHOLARSHIP PROGRAMS ADMINISTERED BY SAN DIEGO STATE UNIVERSITY. FUNDS ARE PROVIDED TO THE UNIVERSITY'S OFFICE OF FINANCIAL AID AND SCHOLARSHIPS (OFAS). OFAS WORKS IN COORDINATION WITH THE CAMPANILE FOUNDATION TO ENSURE THAT ALL APPLICABLE LAWS, POLICIES, AND DONOR RESTRICTIONS ARE MET. ADDITIONAL DETAIL IS PROVIDED ON SCHEDULE I. 1789996 800768 THE CAMPANILE FOUNDATION ADMINISTERS PROGRAMS THAT SUPPORT THE UNIVERSITY'S INDIVIDUAL COLLEGES. DURING THE YEAR REPORTED IN THIS TAX RETURN, THE CAMPANILE FOUNDATION PROVIDED $1,789,996 AS PART OF PROGRAM SERVICES TO SUPPORT THE COLLEGE OF BUSINESS ADMINISTRATION AT THE UNIVERSITY. BEYOND SUPPORTING THE BROAD EDUCATIONAL MISSION OF THE COLLEGE, THE FOUNDATION RAISES FUNDS TO SUPPORT VARIOUS SPECIFIC DIRECTED PROGRAMS WITHIN THE COLLEGE OF BUSINESS ADMINISTRATION. DURING THE PAST YEAR, PHILANTHROPY HAS MADE POSSIBLE A RENOVATION OF THE COLLEGE'S NEW PAGE PAVILION. THIS RE-IMAGINED SPACE WILL NOW PROVIDE EXCEPTIONAL LEARNING AND MEETING SPACE FOR OUR STUDENTS, STAFF & FACULTY, AS WELL AS OUR COMMUNITY BOARD MEMBERS AND FRIENDS. THE COLLEGE HAS ALSO RECEIVED OUTSTANDING SUPPORT FOR STUDENT SCHOLARSHIPS AND INTERNSHIPS, AIMED TO EDUCATE FUTURE LEADERS WHO ARE EQUIPPED WITH THEORETICAL KNOWLEDGE AND REAL WORLD EXPERIENCE. PROGRAM SERVICE ACCOMPLISHMENT SCHOLARSHIPS TO STUDENTS OF THE COLLEGE OF BUSINESS ADMINISTRATION ARE RECORDED AS PART OF OUR SCHOLARSHIP PROGRAM SERVICES ABOVE 6770526 2597880 THE REMAINING $6,770,526 OF PROGRAM EXPENSES REFLECT SUPPORT OF ALL OTHER PROGRAMS THROUGHOUT THE UNIVERSITY INCLUDING, BUT NOT LIMITED TO, HEALTH AND HUMAN SERVICES; ARTS AND LETTERS; ENGINEERING; EDUCATION; SCIENCES; PROFESSIONAL STUDIES AND FINE ARTS; AS WELL AS STUDENT SERVICES SUCH AS LIBRARY SERVICES; STUDENT CLUBS, ORGANIZATIONS & ACTIVITIES; CAREER SERVICES; ACADEMIC SERVICES; AND UNDERGRADUATE STUDIES. 6770526 2597880 25667928 1 1 0 0 0 1 0 0 0 1 0 1 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 34 31 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X X SARAH SLAUGHTER CFO 6195948941 5500 CAMPANILE DRIVE SAN DIEGO CA 92182 ALAN GOLD DIRECTOR 0.50 X 0 0 0 ANDREW ESPARZA DIRECTOR 0.50 X 0 0 0 CHRISTOPHER SICKELS CHAIRMAN OF THE BOARD 0.50 X 0 0 0 CHRISTY HILTON DIRECTOR 0.50 X 0 0 0 DAN GROSS DIRECTOR 0.50 X 0 0 0 DOROTHY CODLING DIRECTOR 0.50 X 0 0 0 EDWARD BLESSING DIRECTOR 0.50 X 0 0 0 ELLIOT HIRSHMAN PRESIDENT OF SDSU 4.00 36.00 X X 0 357641 97662 GREG FOWLER DIRECTOR 0.50 X 0 0 0 JACK MCGRORY DIRECTOR 0.50 X 0 0 0 JAMES SINEGAL DIRECTOR 0.50 X 0 0 0 JOSHUA MORSE DIRECTOR 0.50 X 0 0 0 JULIE DILLON DIRECTOR 0.50 X 0 0 0 KARIN WINNER DIRECTOR 0.50 X 0 0 0 KEN MCCAIN DIRECTOR 0.50 X 0 0 0 KENNETH WALSH DIRECTOR 0.50 39.50 X 0 128735 49693 MARK MCMILLIN DIRECTOR 0.50 X 0 0 0 MARSHALL FAULK DIRECTOR 0.50 X 0 0 0 MARY CURRAN DIRECTOR 0.50 X 0 0 0 MARY RUTH CARLETON CEO 12.00 28.00 X X 0 258406 71256 MICHAEL PACK DIRECTOR 0.50 X 0 0 0 NIKKI CLAY DIRECTOR 0.50 X 0 0 0 PATRICIA ROSCOE DIRECTOR 0.50 X 0 0 0 RICHARD KERR DIRECTOR 0.50 X 0 0 0 RODNEY LANTHOME DIRECTOR 0.50 X 0 0 0 STEVEN DAVIS DIRECTOR 0.50 X 0 0 0 SUSAN SALKA DIRECTOR 0.50 X 0 0 0 TERRY ATKINSON DIRECTOR 0.50 X 0 0 0 WILLIAM GEPPERT DIRECTOR 0.50 X 0 0 0 DIANE DENKLER DIRECTOR 0.50 X 0 0 0 BILL EARLY DIRECTOR 0.50 X 0 0 0 EVELYN LAMDEN DIRECTOR 0.50 X 0 0 0 KRIS MICHELL DIRECTOR 0.50 X 0 0 0 JERRY SANDERS DIRECTOR 0.50 X 0 0 0 JOANNE FERCHLAND-PARELLA CORPORATE SECRETARY 10.00 30.00 X 0 180990 60657 SARAH SLAUGHTER CFO 40.00 X 0 152994 40413 0 1078766 319681 0 0 1 0 0 277453 24581 40849090 4372912 41151124 1531993 1531993 118451 24581 70342 48109 48109 42731226 0 0 1580102 20506054 20506054 12793 4066 8727 40280 40280 82689 82689 430933 344860 9735 76338 394513 14250 33146 347117 3557984 2828406 84601 644977 139558 120541 7217 11800 924135 813631 1814 108690 499752 342704 6741 150307 REIMBURSED COMPENSATION 1427255 1222230 205025 TRUST DISTRIBUTIONS 398460 398460 OTHER PROGRAM SUPPORT 294956 294956 28709362 25667928 1497180 1544254 X 0 20452888 225304 0 16465027 18491976 505466 537711 8505951 6253774 115109872 155625345 43989607 51618226 44494625 16965126 229295852 269945046 395848 1069298 3463625 3786212 15436134 17530791 19295607 22386301 X 292226 3913851 108781070 133366375 100926949 110278519 210000245 247558745 229295852 269945046 14021864 23536636 0 X 0 1 X 1 0 X 23830682 33336218 26875319 43029047 41151124 168222390 23830682 33336218 26875319 43029047 41151124 168222390 5916231 162306159 3022450 2587679 1948456 1432091 1531993 10522669 178745059 0.90800 0.88520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13 58481 1590387 1 1 164049722 13288619 24523736 2056941 4149604 1845621 193809911 140686517 17969566 13876555 1820477 5214655 1447784 164049722 141295927 9917607 -1315961 1502860 6442616 1265580 140686517 115710960 8703149 22425966 1473495 3341671 728982 141295927 102654245 6487185 14013060 1523904 5189782 729844 115710960 0.22920 0.77080 0 0 0 UBS TRUMBULL 11619283 F SSGA - COMINGLED INDEX FUND 25800385 F MONDRIAN 14198558 F 51618226 DUE FROM AFFILIATE - SDSURF - SEE SCH D, PART XIII 13087179 BENEFICIAL INTEREST IN TRUST 3877947 16965126 DUE TO SDSURF 17530791 17530791 X 66338204 23536636 23536636 42801568 -70342 -70342 42731226 28779704 70342 70342 28709362 0 28709362 PART III, LINE 1A: THE CAMPANILE FOUNDATION ACCEPTS VARIOUS HISTORICAL COLLECTIONS AND TREASURES AS DONATIONS IN-KIND ON BEHALF OF SAN DIEGO STATE UNIVERSITY (SDSU). ONCE ACCEPTED BY THE FOUNDATION, DONATIONS OF HISTORICAL TREASURES AND WORKS OF ART ARE TRANSFERRED TO THE CUSTODY OF SDSU PURSUANT TO DONOR STIPULATIONS AND/OR DUE TO THE VALUE OF THE ITEM IN FURTHERING THE UNIVERSITY'S EDUCATIONAL MISSION. PART V, LINE 4: THE CAMPANILE FOUNDATION'S ENDOWMENT FUNDS ARE DEDICATED FOR THE BENEFIT OF SAN DIEGO STATE UNIVERSITY. ENDOWMENTS GENERALLY SUPPORT PROGRAM EXCELLENCE, STUDENT SCHOLARSHIPS ADMINISTERED BY THE UNIVERSITY AND FACULTY EXCELLENCE. THE VAST MAJORITY OF THE CAMPANILE FOUNDATION'S ENDOWMENTS ARE DONOR RESTRICTED TO A SPECIFIC USE AT SAN DIEGO STATE UNIVERSITY. PART X, LINE 2: THE CAMPANILE FOUNDATION (TCF) IS A QUALIFIED NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THIS EXEMPTION IS FOR ALL INCOME TAXES EXCEPT THOSE ASSESSED ON UNRELATED BUSINESS TAXABLE INCOME (UBIT), IF ANY. IN ORDER TO MAINTAIN THAT STATUS, TCF IS PRECLUDED FROM MAKING CERTAIN EXPENDITURES, PRINCIPALLY IN SUPPORT OF POLITICAL PARTIES. MANAGEMENT BELIEVES THAT NO SUCH EXPENDITURES HAVE BEEN MADE. TCF IS NOT A PRIVATE FOUNDATION. TCF ADOPTED ACCOUNTING GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH IS PRIMARILY CODIFIED IN THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION 740. TCF FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO TCF INCLUDE SUCH MATTERS AS THE TAX-EXEMPT STATUS OF THE ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50 PERCENT LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. UPON ADOPTION AND AS OF JUNE 30, 2014, TCF HAS ADDRESSED UNCERTAINTY IN ITS INCOME TAX POSITION UNDER THIS GUIDANCE, AND THERE ARE NO UNRECOGNIZED/DERECOGNIZED TAX BENEFITS THAT REQUIRE AN ACCRUAL. FORMS 990 AND 990-T FILED BY TCF ARE SUBJECT TO EXAMINATION BY THE IRS UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. MANAGEMENT BELIEVES FORMS 990 AND 990-T HAVE BEEN FILED APPROPRIATELY. FORMS 990 AND 990-T FILED BY TCF ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED JUNE 30, 2010 AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES -70,342. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES 70,342. SUPPLEMENTAL DISCLOSURE TO PART IX, LINE 1A: DUE FROM AFFILIATE- REFLECTS AMOUNTS HELD ON BEHALF OF THE CAMPANILE FOUNDATION BY THE SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION. SUPPLEMENTAL DISCLOSURE TO PART IX, LINE 1B: THE FOUNDATION ACTS AS TRUSTEE FOR VARIOUS CHARITABLE REMAINDER TRUSTS. DISCOUNTED VALUE OF THE BENEFICIAL INTEREST OF THESE TRUSTS IS REPORTED AS AN ASSET ON THE FACE OF THE FOUNDATION'S FINANCIAL STATEMENTS. SUPPLEMENTAL DISCLOSURE TO PART X, LINE 1(2): SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION'S ENDOWMENT FUNDS PARTICIPATE IN THE CAMPANILE FOUNDATION'S LONG-TERM INVESTMENT POOL. AMOUNTS ARE RECORDED AS A DUE TO SDSURF ON THE CAMPANILE FOUNDATION'S FINANCIAL STATEMENTS. BASKETBALL BANQUET 49725 12581 37144 34171 GOLF TOURNAMENT 93307 12000 81307 20121 16050 143032 24581 118451 20121 50221 70342 48109 1 SAN DIEGO STATE UNIVERSITY 5250 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 170 18646258 BOOK SCHOLARSHIPS AND REIMBURSED SALARIES AND BENEFITS SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION 5250 CAMPANILE DRIVE SAN DIEGO CA 92182 956042721 501(C)(3) 1786791 BOOK REIMBURSED SALARIES AND BENEFITS CHRIST FOR HUMANITY INC 555 N PO DRAWER 580127WESTERN AVE TULSA OK 74128 731421083 501(C)(3) 12005 BOOK GENERAL SUPPORT SHEPHERDS MINISTRIES 1805 15TH AVENUE UNION GROVE WI 531821597 390988997 501(C)(3) 10000 BOOK GENERAL SUPPORT NATIONAL CONFLICT RESOLUTION CENTER 625 BROADWAY SUITE 1221 SAN DIEGO CA 92101 330433314 501(C)(3) 51000 BOOK GENERAL SUPPORT 5 0 PART I, LINE 2: THE CAMPANILE FOUNDATION ACCEPTS CONTRIBUTIONS TO STUDENT SCHOLARSHIP PROGRAMS ON BEHALF OF SAN DIEGO STATE UNIVERSITY. SCHOLARSHIP FUNDS ARE PROVIDED BY THE UNIVERSITY'S OFFICE OF FINANCIAL AID AND SCHOLARSHIP (OFAS). OFAS ADMINISTERS THE UNIVERSITY SCHOLARSHIP PROGRAMS IN ACCORDANCE WITH THE POLICIES OF THE CALIFORNIA STATE UNIVERSITY SYSTEM AND SAN DIEGO STATE UNIVERSITY, APPLICABLE FEDERAL LAW AND REGULATIONS, ALONG WITH THE RESTRICTIONS CONTAINED IN INDIVIDUAL DONOR AGREEMENTS. THE AMOUNT OF SCHOLARSHIP AWARDED BY THE OFAS AND FUNDED BY THE CAMPANILE FOUNDATION WAS $7,837,678. THE CAMPANILE FOUNDATION RECEIVED FUNDS IN SUPPORT OF ACADEMIC AND ATHLETIC ACTIVITIES ADMINISTERED BY SAN DIEGO STATE UNIVERSITY. THE AMOUNT OF FUNDS GRANTED TO THE UNIVERSITY FOR THIS PURPOSE DURING THE YEAR REPORTED ON THIS RETURN WAS $9,269,728. ADDITIONALLY, THE CAMPANILE FOUNDATION REIMBURSES RELATED ORGANIZATIONS, THE SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION AND SAN DIEGO STATE UNIVERSITY, FOR CERTAIN SALARIES AND BENEFITS PAID TO STAFF ON RESPECTIVE ORGANIZATIONS WHEN PHILANTHROPIC DOLLARS ARE RAISED TO SUPPORT SUCH SALARIES AND BENEFITS. THE AMOUNT OF FUNDS GRANTED FOR THIS PURPOSE DURING THE YEAR REPORTED ON THIS RETURN WAS $1,786,791 TO SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION AND $1,538,853 TO SAN DIEGO STATE UNIVERSITY. X 0 0 0 0 0 0 0 0 0 ELLIOT HIRSHMAN PRESIDENT OF SDSU 0 345641 0 0 0 12000 0 72782 0 24880 0 455303 0 0 KENNETH WALSH DIRECTOR 0 128735 0 0 0 0 0 27260 0 22433 0 178428 0 0 MARY RUTH CARLETON CEO 0 249406 0 0 0 9000 0 52680 0 18576 0 329662 0 0 JOANNE FERCHLAND-PARELLA CORPORATE SECRETARY 0 179490 0 0 0 1500 0 37907 0 22750 0 241647 0 0 SARAH SLAUGHTER CFO 0 152994 0 0 0 0 0 31924 0 8489 0 193407 0 0 X 172074 COMPARABLE SALES X 71 2701199 AVG HI/LOW GIFT DATE X ARCHIVAL MATE 10 773924 COMPARABLE SALES X EQUIPMENT/CON 25 618333 COMPARABLE SALES X EVENT MATERIA 282 107381 COMPARABLE SALES 15 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE CAMPANILE FOUNDATION (THE FOUNDATION) HAS CONTRACTED WITH ITS RELATED ORGANIZATION THE SDSU FOUNDATION DOING BUSINESS AS THE SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION (SDSURF), FOR GENERAL ACCOUNTING, BUSINESS AND BANKING SERVICES. AS PART OF THIS AGREEMENT, SDSURF ACTS AS A CUSTODIAN FOR A PORTION OF THE CAMPANILE FOUNDATION'S WORKING CAPITAL. AMOUNTS RELATED TO THIS AGREEMENT ARE RECORDED ON THE CAMPANILE FOUNDATION'S FINANCIAL STATEMENTS AS A "DUE FROM AFFILIATE" IN THE AMOUNT OF $13,087,178. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF SAN DIEGO STATE UNIVERSITY AND THE VICE PRESIDENT FOR UNIVERSITY RELATIONS AND DEVELOPMENT ARE DESIGNATED BOARD MEMBERS WITH FULL VOTING RIGHTS. THE PRESIDENT OF THE UNIVERSITY MUST APPROVE NOMINEES TO THE BOARD OF DIRECTORS IN WRITING PRIOR TO THE BOARD OF DIRECTORS FINAL APPROVAL AND APPOINTMENT. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE CALIFORNIA CODE OF REGULATIONS SECTION 42402, THE UNIVERSITY PRESIDENT IS REQUIRED TO ASSURE THAT THE FOUNDATION ACTS IN CONFORMANCE WITH POLICIES OF THE CALIFORNIA STATE UNIVERSITY SYSTEM AND THOSE OF SAN DIEGO STATE UNIVERSITY. IN THIS REGARD, THE PRESIDENT CAN DISCONTINUE ANY PROGRAM OR EXPENDITURES THAT HE OR SHE DETERMINES INCONSISTENT WITH THE AFOREMENTIONED POLICIES. FORM 990, PART VI, SECTION B, LINE 11 EXPLANATION: A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE CAMPANILE FOUNDATION'S AUDIT COMMITTEE FOR REVIEW PRIOR TO AN AUDIT COMMITTEE MEETING BEING HELD. AT THE AUDIT COMMITTEE MEETING THE CAMPANILE FOUNDATION'S CFO EXPLAINED ANY CHANGES TO THE FORM 990 AND ANSWERED ANY QUESTIONS. THE AUDIT COMMITTEE THEN APPROVED THE FORM 990 AS PRESENTED. THE CAMPANILE FOUNDATION BY-LAWS GIVE THE AUDIT COMMITTEE POWER TO APPROVE THE FORM 990. SUBSEQUENT TO THIS REVIEW AND APPROVAL THE FORM 990 WAS PUBLISHED TO THE CAMPANILE FOUNDATION WEBSITE AND AN EMAIL WAS SENT OUT TO THE FULL BOARD OF DIRECTORS WITH A LINK ALLOWING THEM TO VIEW THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C THE CAMPANILE FOUNDATION PROVIDES EACH BOARD MEMBER WITH A WRITTEN COPY OF THE FOUNDATION'S CONFLICT OF INTEREST POLICY ANNUALLY. UPON RECEIPT, FOUNDATION DIRECTORS ARE ASKED TO REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS IN WRITING. THE FOUNDATION'S SECRETARY THEN REVIEWS CONFLICT OF INTEREST STATEMENTS AND REPORTS ANY CONFLICT TO THE UNIVERSITY VICE PRESIDENT FOR BUSINESS AND FINANCIAL AFFAIRS, AND WORKS WITH THE BOARD OF DIRECTORS TO ENSURE NO ACTION IS TAKEN BY THE BOARD IN A MANNER INCONSISTENT WITH EXISTING POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE CAMPANILE FOUNDATION'S CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER ARE EMPLOYEES OF SAN DIEGO STATE UNIVERSITY (SDSU). THE CAMPANILE FOUNDATION REIMBURSES THE UNIVERSITY FOR A PORTION OF THE CHIEF EXECUTIVE OFFICER'S AND THE FULL COST OF THE CHIEF FINANCIAL OFFICER'S SALARY AND BENEFITS. THE COMPENSATION FOR BOTH THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER ARE SET IN A MANNER CONSISTENT WITH SDSU AND CALIFORNIA STATE UNIVERSITY SYSTEM POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE CAMPANILE FOUNDATION'S 990 TAX RETURN IS AVAILABLE ON THE WEBSITE: HTTP://NEWSCENTER.SDSU.EDU/TCF/BOARDGOVERNANCE.ASPX. THE TAX RETURN CAN ALSO BE FOUND ON THE GUIDESTAR WEBSITE WWW.GUIDESTAR.ORG . IN ADDITION, AS A MATTER OF POLICY, THE FOUNDATION PROVIDES PAPER OR ELECTRONIC COPIES OF ALL DOCUMENTS INCLUDING THE 990 UPON REQUEST. FORM 990, PART VIII, LINE 1B: THE CAMPANILE FOUNDATION ADMINISTERS THE FUNDS HELD FOR THE SAN DIEGO STATE UNIVERSITY ALUMNI ASSOCIATION. AS PART OF THIS, THE CAMPANILE FOUNDATION IS THE RECIPIENT OF MEMBERSHIP AND CONTRIBUTIONS REVENUE ON BEHALF OF THE ALUMNI ASSOCIATION. FORM 990, PART IX, LINES 5 AND 6 AND 24B: THE CAMPANILE FOUNDATION (THE FOUNDATION) DOES NOT CURRENTLY HAVE ANY EMPLOYEES. HOWEVER, THE FOUNDATION, THROUGH A CONTRACTUAL RELATIONSHIP WITH ITS RELATED ORGANIZATIONS, SAN DIEGO STATE UNIVERSITY (SDSU) AND SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION (SDSURF), FUNDS POSITIONS ON THE PAYROLL OF SDSU AND SDSURF. THESE EXPENSES ARE PAID FOR BY SDSU AND SDSURF, AND AS SUCH, ARE REFLECTED AS GRANT EXPENSE TO THAT RELATED PARTY (SEE SCHEDULE I) OR MISCELLANEOUS EXPENSE AS REIMBURSED COMPENSATION. FORM 990, PART X, LINE 1: THE CAMPANILE FOUNDATION TRANSFERRED $30,000,000 PREVIOUSLY HELD BY THE RELATED ORGANIZATION SDSU RESEARCH FOUNDATION OVER TO A NEW CAMPANILE FOUNDATION INVESTMENT ACCOUNT WITH WELLS FARGO SHORTLY BEFORE YEAR-END. THE PURPOSE OF THIS TRANSFER WAS SO THAT THE CAMPANILE FOUNDATION BOARD, ALONG WITH THE FINANCE AND INVESTMENT COMMITTEE, COULD DIRECTLY CONTROL THE INVESTMENT OF THESE PROGRAM FUNDS. THE FINAL BALANCE SHEET IMPACT OF THIS TRANSFER WILL BE AN INCREASE TO INVESTMENT ASSETS AND A DECREASE IN THE DUE FROM AFFILIATE ASSET. AT YEAR-END $20,452,888 WAS STILL IN A CASH POSITION WAITING TO BE INVESTED PER A STRUCTURED INVESTMENT STRATEGY DECIDED BY THE FINANCE AND INVESTMENT COMMITTEE, THIS RESULTED IN A LARGE TEMPORARY CASH BALANCE THAT WILL NOT APPEAR ON NEXT YEAR'S RETURN. SCHEDULE B, PART I: THE CAMPANILE FOUNDATION ACCEPTED CONTRIBUTIONS FROM CERTAIN INTERNATIONAL ORGANIZATIONS THAT ELECTED TO SUPPORT INTERNATIONAL STUDIES PROGRAMS AND ALSO TO BENEFIT CERTAIN SCHOLARSHIP PROGRAMS ON CAMPUS. SAN DIEGO STATE UNIVERSITY 5500 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 PUBLIC HIGHER EDUCATION CA 115 N/A 0 SAN DIEGO STATE UNIVERSITY FOUNDATION 5250 CAMPANILE DRIVE SAN DIEGO CA 92182 956042721 ADMINISTER FUNDS IN SUPPORT OF RESEARCH PROGRAMS AT SDSU. CA 501(C)(3) LINE 5 N/A 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 1 SCHEDULE R, PART V THE PRIMARY FUNCTION OF THE FOUNDATION IS TO SUPPORT SAN DIEGO STATE UNIVERSITY; ACCORDINGLY SEVERAL TRANSFERS HAVE BEEN MADE TO SAN DIEGO STATE UNIVERSITY. THESE AMOUNTS ARE REPORTED AS GRANTS TO A GOVERNMENT AGENCY ON FORM 990 PART IX.