2015-05-14T22:00:08-05:00 2014-06-30 CROWE HORWATH LLP 9600 BROWNSBORO ROAD SUITE 400 LOUISVILLE KY 402411122 990 2013-07-01 237078461 UNIVERSITY OF LOUISVILLE FOUNDATION INC UNIV 5028527072 215 Central Avenue University of Louisville Louisville KY 40208 JASON TOMLINSON ASSOC VP FINANCE & BUS AFFAIRS 2015-05-14 true Rachel Spurlock P00520729 5023263996 2013 2016-02-25 16:41:14Z X DR JAMES R RAMSEY 2301 South Third Louisville KY 40292 195869173 false X WWW.LOUISVILLEFOUNDATION.ORG X 1970 KY THE UNIVERSITY OF LOUISVILLE FOUNDATION (FOUNDATION) EXISTS TO SUPPORT THE ACADEMIC, SCHOLARLY, RESEARCH AND COMMUNITY ENGAGEMENT ACTIVITIES OF THE UNIVERSITY OF LOUISVILLE (UNIVERSITY) AND TO ASSIST THE UNIVERSITY IN BECOMING A NATIONAL TOP TIER METROPOLITAN RESEARCH UNIVERSITY. SINCE ITS INCEPTION IN 1970, THE FOUNDATION HAS SUPPORTED THE EFFORTS OF THE UNIVERSITY TO ATTRACT OUTSTANDING STUDENTS AND TO BRING THE WORLD'S TOP SCHOLARS AND SCIENTISTS TO KENTUCKY. INVESTMENT IN THE UNIVERSITY IS INCREASINGLY CRITICAL AS STATE SUPPORT FOR HIGHER EDUCATION CONTINUES TO DECLINE. ALTHOUGH STATE BUDGET CUTS ARE CHALLENGING, THE UNIVERSITY REMAINS A LEADER AMONG COLLEGES AND UNIVERSITIES IN KENTUCKY. 15 14 9 14 -177062 -642138 39479546 50246147 0 0 32504925 37753120 -2623778 -3313699 69360693 84685568 10490054 10658412 0 0 4065199 4523072 0 0 9671575 72434875 93419121 86990128 108600605 -17629435 -23915037 957096322 1053975329 131803157 160414518 825293165 893560811 THE FOUNDATION IS ORGANIZED AND OPERATED FOR THE BENEFIT OF THE UNIVERSITY. IT SERVES AS A FUNDRAISING ORGANIZATION AND PROVIDES ECONOMIC IMPACT ON THE COMMONWEALTH OF KENTUCKY THROUGH DEVELOPMENT OF NEW BUSINESSES AND THE CREATION OF NEW JOBS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION TO BECOME A PREMIER METROPOLITAN RESEARCH UNIVERSITY RECOGNIZED FOR ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF OUR COMMUNITY AND ITS CITIZENS WHILE PLACING THE UNIVERSITY AMONG THE TOP TIER OF SIMILAR UNIVERSITIES IN THE NATION. false false 54466486 9257507 331920 EDUCATIONAL EXCELLENCE WITH THE SUPPORT OF THE FOUNDATION, THE UNIVERSITY AIMS TO ATTRACT THE BEST AND BRIGHTEST MINDS. STUDENTS HAVE WON 79 FULBRIGHT SCHOLARSHIPS AND 11 HAVE BEEN TRUMAN SCHOLARS. THE AVERAGE ACT FOR FIRST-TIME, FULL-TIME BACCALAUREATE DEGREE SEEKING STUDENTS INCREASED TO 25.2 (FALL 2013). THE 6-YEAR GRADUATION RATE HAS INCREASED BY 23.8% OVER THE PAST 20 YEARS. 26534548 1040370 32945 RESEARCH, SCHOLARSHIP AND CREATIVE ACTIVITY THE UNIVERSITY, WITH THE HELP OF THE FOUNDATION, IS FOCUSED ON ENSURING THAT THE GREAT IDEAS THAT BEGIN IN THE LABORATORY AND THE CLASSROOM BECOME TANGIBLE BENEFITS FOR PEOPLE. THE DRIVING GOALS BEHIND THESE STEPS ARE TO: 1. INCREASE FUNDED RESEARCH; 2. INCREASE OUR TRANSLATIONAL RESEARCH IN RESPONSE TO COMMUNITY NEEDS AND FUEL ECONOMIC DEVELOPMENT; 3. FOCUS ON AREAS OF SCHOLARLY AND CREATIVE ACTIVITY THAT CREATE NATIONAL PROMINENCE; AND 4. EXPAND CLINICAL OPERATIONS TO BETTER SERVE KENTUCKY. IN FISCAL YEAR 2014 TOTAL GRANT AND CONTRACT AWARDS TOTALED 917 FOR $109.1 MILLION. THE FOUNDATION IS FINANCING AND DEVELOPING THREE RESEARCH PARKS, ONE AT EACH OF THE UNIVERSITY'S CAMPUSES - BELKNAP CAMPUS, HEALTH SCIENCES CENTER CAMPUS, AND SHELBY CAMPUS. EACH OF THESE PARKS IS BEING DESIGNED TO FURTHER THE UNIVERSITY'S RESEARCH MISSION, PROVIDE ADDITIONAL REVENUE STREAMS AND PROMOTE ECONOMIC DEVELOPMENT IN THE LOUISVILLE AREA. 1. NUCLEUS INNOVATION PARK: THIS RESEARCH AND INNOVATION PARK INCLUDES THE TECHCENTER, THE NUCLEUS, AND THE IHUB. ONCE COMPLETED IT IS PROJECTED TO CREATE 8,700 JOBS. THE TECHCENTER OFFERS LABORATORY SPACE, BOTH WET AND DRY, AND OFFICE SPACE. A SHARED LABORATORY FACILITY EQUIPPED WITH COMMON LABORATORY EQUIPMENT IS AVAILABLE FOR EARLY STAGE COMPANIES REQUIRING LABORATORY SPACE. THE NUCLEUS IS AN EIGHT STORY, 200,000 SQUARE FOOT BUILDING WITH A GREEN ROOF AND OPEN SPACES. IT WILL HOUSE THE INTERNATIONAL CENTER FOR LONG TERM CARE INNOVATION WHICH SERVES AS A CATALYST FOR THE UNIVERSITY'S WORLDWIDE AGING CARE RESEARCH INITIATIVE. OTHER TENANTS INCLUDE ATRIA SENIOR LIVING, UNIVERSITY'S EXECUTIVE VICE PRESIDENT FOR RESEARCH AND INNOVATION RESEARCH OFFICE, ACCELERATORS FOR START-UP COMPANIES AND THE ADMINISTRATION FOR THE UNIVERSITY'S MEDICAL FACULTY. THE IHUB, OUR CO-WORKING SPACE FOR VERY EARLY STAGE COMPANIES, CONTINUES TO BE WELL USED. UNIVERSITY ASSOCIATED STARTUPS AND EARLY STAGE COMPANIES ARE LOCATED IN THE TECHCENTER, THE IHUB AND THE NUCLEUS. 2. SHELBYHURST: THIS RESEARCH AND OFFICE PARK IS LOCATED ON UNIVERSITY'S SHELBY CAMPUS IN EASTERN JEFFERSON COUNTY. SHELBYHURST FEATURES THE 38,000 SQ. FT. CENTER FOR PREDICTIVE MEDICINE, A NATIONAL INSTITUTES OF HEALTH FUNDED BIOSAFETY LAB FOCUSING ON RESEARCH OF INFECTIOUS DISEASES. THROUGH A PARTNERSHIP WITH REAL ESTATE DEVELOPMENT FIRM NTS, THE FOUNDATION HELPED CONSTRUCT THE FIRST LEED CERTIFIED CLASS A OFFICE BUILDING AT SHELBYHURST. THE FACILITY, KNOWN AS 600 NORTH, IS THE FIRST BUILDING OF ITS TYPE IN KENTUCKY AND DESPITE THE CHALLENGING ECONOMIC CLIMATE HAS ACHIEVED 100% OCCUPANCY LEADING TO CONSTRUCTION OF A SECOND, SIMILAR BUILDING NEARBY. FUTURE PLANS INCLUDE A HOTEL AND CONFERENCE FOR HOSTING RESEARCHERS AND FACULTY FROM ACROSS THE GLOBE. 3. BELKNAP ENGINEERING AND APPLIED SCIENCES RESEARCH PARK: THIS 39 ACRE RESEARCH PARK IS BEING DEVELOPED AS THE CENTERPIECE FOR RESEARCH AND COLLABORATION AT UNIVERSITY'S BELKNAP CAMPUS. THE DEVELOPMENT IS THE CENTERPIECE OF A SIGNATURE TAX INCREMENT FINANCING (TIF) DISTRICT, DESIGNED TO STIMULATE ECONOMIC GROWTH IN THE AREA. THE TIF DISTRICT COVERS MORE THAN 900 ACRES AND WAS GIVEN APPROVAL BY THE KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY, PAVING THE WAY FOR WHAT COULD BE AN ESTIMATED $1 BILLION IN GROWTH OVER 30 YEARS. THE PROJECT INCLUDES A $31 MILLION ROAD IMPROVEMENT PROJECT THAT WAS JUMPSTARTED BY THE FOUNDATION WITH A $6.2 MILLION COMMITMENT. BUILDING ON RESOURCES AT THE INSTITUTION'S J. B. SPEED SCHOOL OF ENGINEERING, A MAJOR FOCUS OF THE RESEARCH PARK WILL BE TO BRING COMPANIES AND ENGINEERING EXPERTS TOGETHER. THE UNIVERSITY ALSO ENVISIONS RESEARCH, SUPPORT FACILITIES AND STAFF TO HELP UNIVERSITY'S FACULTY COMMERCIALIZE THEIR IDEAS AND INVENTIONS. 8188315 163399 0 COMMUNITY ENGAGEMENT AND RESPONSIBLE STEWARDSHIP THE UNIVERSITY'S STRATEGIC PLAN, "THE 2020 PLAN: MAKING IT HAPPEN," DESCRIBES THE UNIVERSITY'S COMMITMENT TO COMMUNITY ENGAGEMENT AND REINFORCES THE CONCEPT OF A "CITIZEN UNIVERSITY." FUTURE GROWTH OF INITIATIVES IN THE SIGNATURE PARTNERSHIP, IDEAS TO ACTION (I2A), STUDENT AFFAIRS AND IN EACH ACADEMIC UNIT WILL RESULT IN SIGNIFICANT INCREASES IN OUR COMMUNITY SERVICE PROJECTS AND COMMUNITY-BASED INSTRUCTIONAL AND RESEARCH EFFORTS. THE UNIVERSITY HAS BEEN REPEATEDLY RECOGNIZED FOR VOLUNTEERISM, VETERAN-FRIENDLY PROGRAMS, LEADERSHIP IN SUSTAINABILITY, AND AS A "GOOD NEIGHBOR" FOR THE COMMUNITY. THE UNIVERSITY PLEDGES TO BE A MODEL METROPOLITAN UNIVERSITY, INTEGRATING ACADEMIC EXCELLENCE, RESEARCH STRENGTH AND CIVIC ENGAGEMENT. TO FULFILL THIS OBLIGATION THE UNIVERSITY IS ENGAGING IN THE FOLLOWING: 1. CREATING AN IMPROVED NEIGHBORHOOD BY JOINING INNOVATIVE PARTNERSHIPS TO DEVELOP THE CAMPUS AREA THROUGH GROWTH IN BUSINESS AND HOUSING FOR STUDENTS, FACULTY, AND STAFF. CREATING A LIVELY CAMPUS THAT ENCOURAGES CO-CURRICULAR ACTIVITIES AND CAMPUS INVOLVEMENT. EXPANDING HEALTH SERVICES FOR STUDENTS, FACULTY, AND STAFF; 2. EXPANDING CLINICAL ENTERPRISES TO BETTER SERVE OUR COMMUNITY; 3. STRENGTHENING OUR COMMUNITY ENGAGEMENT IN THE VISUAL AND PERFORMING ARTS, LITERARY ARTS, HUMANITIES, HISTORIC PRESERVATION, LIBRARIES AND MUSEUMS, ESPECIALLY IN LOUISVILLE'S CORE AREA; 4. KEEPING COMMITMENTS TO WEST LOUISVILLE BY IMPLEMENTING AND SUSTAINING THE SIGNATURE PARTNERSHIP PROGRAM, FOCUSING ON ELIMINATING OR REDUCING DISPARITIES IN THE EDUCATIONAL, HEALTH, ECONOMIC AND SOCIAL CONDITION OF COMMUNITY RESIDENTS AND; 5. ENACTING OUR STATEWIDE MISSION IN FOCUSED AREAS APPROPRIATE FOR A METROPOLITAN UNIVERSITY BY PARTNERING IN THE CREATION OF A CITY SOLUTION CENTER, EXPANDING OUR STATEWIDE OUTREACH THROUGH CLINICAL AND TRANSLATIONAL ACTIVITIES AND SELECTING EDUCATION PROGRAMS, AND ACHIEVING INDICATORS FOR CARNEGIE CLASSIFICATION FOR COMMUNITY ENGAGEMENT. 424210 197136 0 DIVERSITY, OPPORTUNITY AND SOCIAL JUSTICE THE UNIVERSITY HAS MADE MEANINGFUL PROGRESS IN RECENT YEARS BY FOCUSING ON: 1. EXPANDING THE CARDINAL COVENANT PROGRAM, WHICH GUARANTEES FUNDING TO KENTUCKY'S POOREST STUDENTS WITH A GOAL OF REACHING $3.1 MILLION BY 2020; 2. INCREASING NEED-BASED AND TRANSFER AID; 3. INCORPORATING PRINCIPLES OF CULTURAL DIVERSITY, GLOBAL AWARENESS, AND SOCIAL JUSTICE INTO EDUCATIONAL CURRICULA, RESEARCH AND SCHOLARSHIP PROGRAMS AND PROGRAMS IN CIVIC ENGAGEMENT; 4. REVAMPING THE UNIVERSITY'S INTERNATIONAL CENTER TO LEAD INTERNATIONAL EDUCATIONAL AND RESEARCH INITIATIVES AND PROVIDE A WELCOMING PLACE FOR INTERNATIONAL STUDENTS AND; 5. INCREASE FACULTY AND STUDENT PARTICIPATION IN INTERNATIONAL EXPERIENCES AND PROJECT 424210 197136 0 89613559 true true false true false false true true true true true false true true true false true false false true false true false true false false true true true false false false false false false false false true true false false true true true true true false true X 454 0 true 9 true true true false false false false true true false false false false false X 15 14 false false false false false false false true true false false true true true true true true true false true true KY X X Jason Tomlinson 5028526166 215 Central Avenue Suite 304 Louisville KY 40208 DEBBIE SCOPPECHIO Chair 0.50 1.50 X X 0 0 0 DR JAMES R RAMSEY President 25.00 15.00 X X 1339246 0 520833 FRANK WEISBERG Secretary 0.50 1.50 X X 0 0 0 JOYCE HAGEN Vice Chair 0.50 1.50 X X 0 0 0 ULYSSES L BRIDGEMAN JR Treasurer 0.50 2.00 X X 0 0 0 CHARLES DENNY Director 0.50 0.50 X 0 0 0 DR JOSEPH PRATHER II Director 0.50 0.50 X 0 0 0 DR MARK LYNN Director 0.50 0.50 X 0 0 0 DR SALEM GEORGE Director 0.50 0.50 X 0 0 0 DR WILLIAM SELVIDGE Director 0.50 0.50 X 0 0 0 FRANK MINNIFIELD Director 0.50 0.50 X 0 0 0 J CHESTER PORTER Director (to 5/19/2014) 0.50 1.00 X 0 0 0 JONATHAN BLUE Director 0.50 0.50 X 0 0 0 LAURENCE BENZ Director 0.50 0.50 X 0 0 0 MARGARET HANDMAKER Director 0.50 0.50 X 0 0 0 REBECCA JACKSON Director 0.50 0.50 X 0 0 0 DR SHIRLEY WILLIHNGANZ Executive Vice President 15.00 10.00 X 475538 0 187500 KATHLEEN M SMITH Executive Director and Chief of Staff 15.00 15.00 X 259063 46800 13283 MICHAEL J CURTIN Assistant Treasurer (to 8/31/2013) 10.00 0.50 X 167539 0 5408 RICHARD J TOMLINSON Interim CFO/Assistant Treasurer 26.00 39.00 X 100672 38446 0 RONALD KEVIN MILLER Exec. Senior Assoc. Athletic Director (ULAA) 20.00 0.50 X 144993 0 0 THOMAS M JURICH Athletic Director (ULAA) 10.00 0.50 X 255915 0 0 VICKIE YATES BROWN President/CEO - Nucleus 49.00 1.00 X 346646 0 37275 3089612 85246 764299 8 false true false MESSER CONSTRUCTION CO 11001 PLANTSIDE DRIVE LOUISVILLE KY 40299 CONSTRUCTION 2095781 EXTREME PROPERTY MANAGEMENT LLC PO BOX 462 MISHAWAKA IN 46546 PROPERTY MANAGEMENT 1002210 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02116 INVESTMENT MANAGEMENT 974237 POWER GRAPHICS INC 3070 WADSWORTH ROAD STE B NORTON OH 44203 MARKETING 666738 TANDEM PUBLIC RELATIONS & MARKETING LLC 304 WEST LIBERTY SUITE 200 LOUISVILLE KY 40202 MARKETING 458174 39 83370 50162777 7200358 50246147 0 0 0 0 0 0 0 0 0 0 12249171 -633643 12882814 0 95793 95793 2605100 7711214 -5106114 0 -5106114 -993297 -4112817 128549416 0 103024485 20982 25524931 -20982 25503949 25503949 308803 83370 426924 -118121 -118121 0 0 GOLF COURSE 900099 1027285 1027285 PROFESSIONAL FEES AND SERVICES 611710 697973 275380 422593 ADMINISTRATIVE FEES 561110 65318 65318 24167 24167 0 0 1814743 84685568 364865 -177062 34251618 X 36596 36596 10481816 10481816 140000 140000 0 4432549 4432549 0 0 0 55338 1205 54133 35185 1767 33418 0 673679 648868 20796 4015 97115 29490 67625 0 0 1837260 1837260 59597091 49785829 2198707 7612555 4154812 2551696 1137155 465961 1200516 777819 254567 168130 1318013 920049 36862 361102 0 4031413 3338539 429071 263803 2663734 2316189 66309 281236 0 2277405 2096113 118770 62522 4049812 4049812 0 3349073 3349073 180186 41507 136215 2464 SMALL EQUIPMENT 4176625 4132850 38635 5140 OTHER FEES 1149543 1007337 109988 32218 LABORATORY AND RESEARCH SUPPORT 1107113 1028955 16861 61297 INSTRUCTIONAL AND TRAINING 275881 273735 1365 781 1279850 767054 162445 350351 108600605 89613559 9315471 9671575 0 3336 4130 26893519 9788259 21812165 33417980 5597213 1965319 0 0 0 0 1515378 31776912 197402 376538 419378 140688585 24339136 110144310 116349449 163849872 148337609 566578906 641770748 0 0 60325085 69948143 957096322 1053975329 4355941 5863351 7013471 7509013 42684905 44791812 0 0 49067154 61756555 4120099 0 24561587 40493787 131803157 160414518 170056353 327416811 248622143 140145169 406614669 425998831 825293165 893560811 957096322 1053975329 X -23915037 93373948 -1191265 X false true X true false X 49458052 39727598 55949088 39479546 50246147 234860431 0 0 49458052 39727598 55949088 39479546 50246147 234860431 19926182 214934249 9374530 9255259 12425364 9994902 14950064 56000119 0 0 0 0 0 0 0 0 0 0 290860550 1635898 0.74710 0.73910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 115852 false false 115852 false Schedule C, Part II-B, Line 1, Description of the activities reported on Lines 1a through 1i THE ORGANIZATION EMPLOYED OUTSIDE LOBBYISTS TO MEET WITH LEGISLATORS AND POLICY MAKERS AS WELL AS ENLISTING PUBLIC SUPPORT FOR THE UNIVERSITY'S POSITION ON VARIOUS ISSUES. 421030 2537953 X X false false true X 734532070 13126927 118951849 7867804 31670304 8788260 818284478 692465964 14975035 67557303 7966865 23280375 9218992 734532070 739226249 12102614 -22742518 6729819 21996263 7394299 692465964 644498300 13677690 70964906 6222255 -21353653 5046045 739226249 599240855 7657597 78595177 6179520 27742512 7073297 644498300 0.24710 0.74440 0.00850 true false 50985082 50985082 44504657 7467773 37036884 0 17162349 10772443 6389906 28036498 6098920 21937578 116349449 0 0 MARKETABLE ALTERNATIVES 154822712 F MISCELLANEOUS INVESTMENTS 8064346 C EQUITY METHOD INVESTMENTS 2643942 C INVESTMENT IN PARTNERSHIPS 476239748 F 641770748 OTHER ASSETS 962902 INTERCOMPANY RECEIVABLES 16505380 FUNDS HELD BY OTHERS 52479861 69948143 0 DUE TO UNIVERSITY OF LOUISVILLE 25343551 DEFERRED COMPENSATION 8953198 ANNUITIES AND TRUSTS PAYABLE 4747700 OTHER LONG-TERM LIABILITIES 1421523 DEPOSITS 27815 40493787 X Schedule D, Part III, Line 4, Collections of art - description of collections HISTORICAL COLLECTIONS INCLUDE RARE MATERIALS, SCULPTURES AND OTHER PIECES OF ART AND RARE BOOKS. Schedule D, Part IV, Line 2b, Explanation of escrow agreement THE FOUNDATION IS THE CUSTODIAN OF FUNDS OWNED BY THE UNIVERSITY OF LOUISVILLE ATHLETICS ASSOCIATION (THE ASSOCIATION). THE ASSOCIATION IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROMOTING THE INTERCOLLEGIATE ATHLETIC ACTIVITIES OF THE UNIVERSITY OF LOUISVILLE. THE FOUNDATION SERVES IN AN AGENCY CAPACITY AND INVESTS FUNDS ON BEHALF OF THE ASSOCIATION BASED ON A FORMAL TRUST AGREEMENT. AS OF JUNE 30, 2014, THE FOUNDATION HELD APPROXIMATELY $34.3 MILLION FOR THE ASSOCIATION'S INVESTMENT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2005, THE FOUNDATION ENTERED INTO AN AGREEMENT WITH JEWISH HOSPITAL & ST. MARY'S HEALTHCARE, INC. (JEWISH HOSPITAL) WHEREBY THE FOUNDATION SERVES IN AN AGENCY CAPACITY TO INVEST FUNDS ON BEHALF OF JEWISH HOSPITAL. JEWISH HOSPITAL IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING HEALTHCARE SERVICES. AS OF JUNE 30, 2014, THE FOUNDATION HELD APPROXIMATELY $10.5 MILLION FOR JEWISH HOSPITAL'S INVESTMENT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2011, THE FOUNDATION WAS THE RECIPIENT OF ENDOWED FUNDS, THE INCOME OF WHICH SHALL BE USED IN SUPPORT OF THE LOUISVILLE ORCHESTRA. AS OF JUNE 30, 2014, THE FOUNDATION HELD APPROXIMATELY $0.3 MILLION FOR THE BENEFIT OF THE LOUISVILLE ORCHESTRA. THE FOUNDATION, ACTING IN AN AGENT CAPACITY, DOES NOT REFLECT EARNINGS ON INVESTMENTS HELD IN TRUST FOR OTHERS IN ITS REVENUES AS THESE EARNINGS ARE DISTRIBUTED TO THE OWNERS OF THE FUNDS. Schedule D, Part V, Line 4, Intended uses of endowment funds THE INTENDED USE OF THE UNIVERSITY OF LOUISVILLE FOUNDATION INC'S ENDOWMENTS FALL INTO 8 CATEGORIES: INSTRUCTION, RESEARCH, PUBLIC SERVICE, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, MAINTENANCE AND OPERATION OF PHYSICAL PLANT, AND STUDENT FINANCIAL AID. THE GREATEST AMOUNT OF FUNDS PROVIDED FOR SPENDING ARE FOR RESEARCH AND STUDENT FINANCIAL AID. Schedule D, Part X, Line 2, FIN 48 (ASC 740) footnote THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATION BY TAX AUTHORITIES PRIOR TO FISCAL YEAR 2010. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 149087000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 988000 0 0 150075000 GRAWEMEYER AWARDS NORTH AMERICA (CANADA & MEXICO ONLY) 1 40000 WIRE TRANSFER GRAWEMEYER AWARDS EUROPE (INCLUDING ICELAND AND GREENLAND) 4 100000 WIRE TRANSFER true false true true true false JULEP BALL 316926 52712 264214 1575 105525 160807 103197 HATS FOR HOPE 75247 30658 44589 10425 45395 0 392173 83370 308803 0 1575 0 115950 160807 148592 426924 -118121 true UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE 500 S PRESTON STREET SGA OFFICE RM LL28 LOUISVILLE KY 40202 611014882 501(C)(1) 7000 SUPPORT FOR UNIT LAB ADVOCATES KOSAIR CHARITIES COMMITTEE INC PO BOX 37370 LOUISVILLE KY 40233 610514703 501(C)(3) 6000 GENERAL SUPPORT MARCH OF DIMES FOUNDATION 1615 FIFTH STREET DAVIS CA 95616 131846366 501(C)(3) 8333 SPONSORSHIP SYSTEMICA HEALTH LLC 4620 BEAVER ROAD LOUISVILLE KY 40207 464061518 N/A 5263 AWARD TRIFECTA COOKING EQUIPMENT LLC 3517 RAMONA AVENUE LOUISVILLE KY 40220 464506111 N/A 10000 AWARD 3 2 GRAWEMEYER AWARDS 21 440000 SCHOLARSHIPS 2201 10041816 Schedule I, Part I, Line 2, Procedures for monitoring use of grant funds THE ORGANIZATION HAS BEEN DESIGNATED BY THE UNIVERSITY OF LOUISVILLE TO RECEIVE FUNDS DERIVED FROM GIFTS AND OTHER SOURCES. AS GUIDED BY ITS BOARD OF DIRECTORS, THE ORGANIZATION TRANSFERS FUNDS TO THE UNIVERSITY IN SATISFACTION OF DONOR RESTRICTIONS. THESE TRANSFERS OCCUR VIA THE ORGANIZATION'S COST SHARING POLICY. COSTS CAN ORIGINATE WITH THE FUNDING OF SALARIES, RESEARCH GRANTS, SCHOLARSHIPS, ETC. IT IS THE RESPONSIBILITY OF THE ORGANIZATION TO VERIFY THAT THE COST SHARE EXPENSE IS ALLOWABLE BY THE ENDOWMENT OR GIFT PROGRAM AND THAT SUCH ENDOWMENT OR GIFT PROGRAM HAS SUFFICIENT FUNDS TO COVER THE TRANSFER. SPONSORED PROGRAMS IS THE AREA RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS AND ALL GOVERNMENT REPORTING. THE GRAWEMEYER AWARDS ARE AMONG THE WORLD'S MOST PRESTIGIOUS AWARDS PRESENTED TO INDIVIDUALS IN THE FIELDS OF EDUCATION, IDEAS IMPROVING WORLD ORDER, MUSIC COMPOSITION, RELIGION AND PSYCHOLOGY. H. CHARLES GRAWEMEYER CREATED THE AWARDS IN 1984 WITH AN INITIAL ENDOWMENT OF $9 MILLION AND SINCE THEN IT HAS DRAWN THOUSANDS OF NOMINATIONS FROM AROUND THE WORLD. GRAWEMEYER DISTINGUISHED THE AWARDS BY HONORING IDEAS RATHER THAN LIFE-LONG ACHIEVEMENTS. X X true true X X X false true false false false false false false false DR JAMES R RAMSEY PRESIDENT 278656 0 0 0 1060590 0 520833 0 0 0 1860079 0 0 0 MICHAEL J CURTIN ASSISTANT TREASURER (TO 8/31/2013) 37737 0 0 0 129802 0 3785 0 1623 0 172947 0 0 0 DR SHIRLEY WILLIHNGANZ EXECUTIVE VICE PRESIDENT 45646 0 0 0 429892 0 187500 0 0 0 663038 0 0 0 KATHLEEN M SMITH EXECUTIVE DIRECTOR AND CHIEF OF STAFF 67739 46800 0 0 191324 0 6997 0 6286 0 272346 46800 0 0 VICKIE YATES BROWN PRESIDENT/CEO - NUCLEUS 314972 0 0 0 31674 0 25375 0 11900 0 383921 0 0 0 THOMAS M JURICH ATHLETIC DIRECTOR (ULAA) 255915 0 0 0 0 0 0 0 0 0 255915 0 0 0 , REPORTABLE COMPENSATION AMOUNTS REPORTED ON PART VII AND ON SCHEDULE J INCLUDE COMPENSATION PAID BY THE FILING ENTITY ONLY AND DO NOT INCLUDE COMPENSATION PAID BY THE UNIVERSITY OF LOUISVILLE, WHICH IS NOT A CONTROLLING ENTITY AND IS UNRELATED TO THE FILING ORGANIZATION FOR FORM 990 REPORTING PURPOSES. Schedule J, Part I, Line 1a, Tax indemnification and gross-up payments DR. JAMES RAMSEY, DR. SHIRLEY WILLIHNGANZ, KATHLEEN SMITH, MICHAEL CURTIN, RONALD K. MILLER, AND DR. DONALD MILLER WERE PROVIDED TAX GROSS-UP PAYMENTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THESE GROSS-UPS WERE CALCULATED AND PAYABLE WHENEVER AS CONTRIBUTED UNDER THE PLAN WERE VESTED AND BECAME PAYABLE DURING 2013. ALL TAX GROSS-UPS WERE REPORTED AND TAXED ACCORDINGLY. ADDITIONALLY, DR. JAMES RAMSEY IS PROVIDED TAX GROSS-UPS RELATING TO PREMIUMS PAID BY THE ORGANIZATION FOR A LONG-TERM CARE INSURANCE BENEFIT AND A SUPPLEMENTAL DISABILITY INSURANCE BENEFIT. THESE GROSS-UPS ARE TAXED ACCORDINGLY. Schedule J, Part I, Line 1a, Health or social club dues or initiation fees COUNTRY CLUB DUES ARE PAID ON BEHALF OF DR. JAMES RAMSEY. MEMBERSHIP IS USED TO CONDUCT THE BUSINESS OF THE ORGANIZATION. LOGS ARE REQUIRED TO DETERMINE TAXABLE COMPENSATION FROM COUNTRY CLUB DUES IN THE EVENT THAT ANY OF THE USE IS PERSONAL. Schedule J, Part I, Line 4b, Supplemental nonqualified retirement plan THE FOLLOWING AMOUNTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WERE PAID OR VESTED BY THE UNIVERSITY OF LOUISVILLE FOUNDATION (THE FOUNDATION) DURING CALENDAR YEAR 2013: DR. JAMES RAMSEY - $944,512 DR. SHIRLEY WILLIHNGANZ - $328,461 KATHLEEN SMITH - $185,610 MICHAEL CURTIN - $128,374 RONALD K. MILLER - $144,993 DONALD MILLER - $67,408 PAYOUTS OF DEFERRED AMOUNTS INCLUDE TAX GROSS-UPS PAID BY THE FOUNDATION PURSUANT TO THE INDIVIDUAL'S EMPLOYMENT CONTRACT WITH THE FOUNDATION. IN ADDITION TO THE ABOVE, DEFERRED COMPENSATION WAS ACCRUED BY THE FOUNDATION ON BEHALF OF THE FOLLOWING INDIVIDUALS DURING THE CALENDAR YEAR: DR. JAMES RAMSEY - $520,833 DR. SHIRLEY WILLIHNGANZ - $187,500 KATHLEEN SMITH - $6,997 MICHAEL CURTIN - $3,785 THE COMPENSATION VESTS ON FUTURE DATES PROVIDED THE INDIVIDUALS REMAIN EMPLOYED ON THOSE VESTING DATES. X 9 421030 MARKET VALUE X 15706 DONOR VALUE X 72949 DONOR VALUE X 1 17000 DONOR VALUE X 155 4287295 MARKET VALUE X 3 220 DONOR VALUE X 7 15551 DONOR VALUE X EQUIPMENT 34 447533 DONOR VALUE X INSTRUMENTS 2 53000 DONOR VALUE X SOFTWARE 1 267000 DONOR VALUE X MISCELLANEOUS 26 52496 DONOR VALUE X GOLF COURSE - INHERENT CONTRIBUTION 1 1550578 DONOR VALUE 0 false true true SCHEDULE M, PART I, COLUMN (B) NUMBER CONTRIBUTIONS ALL AMOUNTS IN COLUMN (B) REFLECT NUMBER OF CONTRIBUTIONS RATHER THAN NUMBER OF INDIVIDUAL ITEMS DONATED. Schedule M, Part I, Line 32b, Third parties used to solicit, process, or sell noncash contributions THE FOUNDATION OCCASIONALLY USES REAL ESTATE AGENTS TO SELL REAL PROPERTY AND PROFESSIONAL ART DEALERS TO SELL ARTWORK. Schedule M, part I, column (b), Line 1, Number of contributions or items contributed. Schedule M, part I, column (b), Line 4, Number of contributions or items contributed. Schedule M, part I, column (b), Line 6, Number of contributions or items contributed. FORM 990, PART V, LINE 2B, EMPLOYMENT TAX RETURNS THE ORGANIZATION'S COMMON PAYMASTER, THE UNIVERSITY OF LOUISVILLE, FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE ORGANIZATION. Form 990, Part VI, Sec A, Line 1a, Delegate broad authority to a committee THE EXECUTIVE COMMITTEE CONSISTS OF FIVE INDIVIDUALS ALL OF WHOM ARE DIRECTORS OF THE UNIVERSITY OF LOUISVILLE FOUNDATION, INC. THE EXECUTIVE COMMITTEE MAY HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD, BUT MAY NOT HAVE THE AUTHORITY OF THE BOARD IN REFERENCE TO AMENDING, ALTERING, OR REPEALING THE ORGANIZATION'S BY-LAWS; ELECTING, ALTERING OR REMOVING ANY MEMBER OF THE EXECUTIVE COMMITTEE ITSELF NOR ANY DIRECTOR OR OFFICER OF THE ORGANIZATION; AMENDING OR RESTATING THE ARTICLES OF INCORPORATION; ADOPTING A PLAN OF MERGER, OR ADOPTING A PLAN OF CONSOLIDATION, WITH ANOTHER CORPORATION; AUTHORIZING THE SALE, LEASE, EXCHANGE OR MORTGAGE OF SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE ORGANIZATION; AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE ORGANIZATION OR REVOKING PROCEEDINGS THEREFOR; ADOPTING A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE ORGANIZATION OR AMENDING, ALTERING, OR REPEALING ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS PROVIDES THAT IT SHALL NOT BE AMENDED, ALTERED OR REPEALED BY SUCH COMMITTEE; OR DOING ANY OTHER ACT FORBIDDEN BY LAW OR BY THE ARTICLES OF INCORPORATION. Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body UNIVERSITY OF LOUISVILLE FINANCE PERSONNEL AND AN OUTSIDE FIRM PREPARED THE RETURN. A COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy IF AN ITEM IS PRESENTED TO THE BOARD OF DIRECTORS (OR ANY OTHER POLICY BOARD) FOR ACTION, E.G., PURCHASE OF PROPERTY, MERGING WITH ANOTHER ENTITY, BUYING SERVICES, ETC., THE BOARD MEMBER WILL DISCLOSE HIS OR HER POSSIBLE CONFLICT OF INTEREST AND MUST RECUSE HIMSELF OR HERSELF FROM VOTING. THE BOARD MEMBER ALSO AVOIDS PARTICIPATING IN ANY DECISION OR ADVOCATING FOR ANY DECISION OF THE BOARD. IN SOME CIRCUMSTANCES, E.G., WHEN THE CONFLICT OF THE BOARD MEMBER PLACES THE BOARD MEMBER IN COMPETITION WITH THE UNIVERSITY, THE BOARD MEMBER WILL LEAVE THE BOARD MEETING DURING DISCUSSION OR UPDATE ON THE ACTION. BEFORE ANY MEETING OF THE VARIOUS BOARDS, AN AGENDA IS CIRCULATED TO EACH MEMBER OR DIRECTOR WITH DESCRIPTIONS OF THE ACTION ITEMS. THIS ALLOWS SUFFICIENT TIME FOR ANY BOARD MEMBER OR DIRECTOR TO ALERT THE BOARD ABOUT A POTENTIAL CONFLICT OF INTEREST. PAST PRACTICE INCLUDES WRITTEN DISCLOSURE BY THE BOARD MEMBER OUTLINING: (1) THAT A CONFLICT OF INTEREST MAY EXIST; (2) THE NATURE AND EXTENT OF THE CONFLICT; AND (3) THE DESCRIPTION AND POTENTIAL BENEFIT, DIRECT OR INDIRECT, TO THE MEMBER OF THE BOARD. THIS INFORMATION WILL BE SUPPLIED TO LEGAL COUNSEL AND THE ENTIRE BOARD AHEAD OF THE MEETING, AND A COPY OF THE INFORMATION WILL BE MAINTAINED IN THE BOARD MEMBER'S FILE. Form 990, Part VI, Sec B, Line 15a, Process to establish compensation of top management official THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL INVOLVED ALL OF THE FOLLOWING ELEMENTS: - DATA GATHERING AND ANALYSIS OF COMPENSATION AT COMPARABLY SIZED ORGANIZATIONS ALONG WITH BENCHMARKING AGAINST OTHER QUALIFIED OFFICIALS IN SIMILARLY SITUATED POSITIONS; - REVIEW AND APPROVAL BY AN INDEPENDENT PERSONNEL COMMITTEE; - REVIEW AND APPROVAL BY THE INDEPENDENT BOARD OF DIRECTORS OF THE ORGANIZATION PURSUANT TO FEEDBACK FROM THE PERSONNEL COMMITTEE; AND - CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DETERMINATION PROCESS BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS IN EACH BODY'S RESPECTIVE MINUTES. THE ABOVE PROCESS WAS USED IN 2013. Form 990, Part VI, Sec C, Line 19, Required documents available to the public THE ORGANIZATION'S FINANCIAL STATEMENTS, FORMS 990, CONFLICT OF INTEREST POLICY, JOINT VENTURE POLICY, NON-RETALIATION POLICY, DOCUMENT INTEGRITY POLICY, AND WHISTLEBLOWER POLICY ARE AVAILABLE AT WWW.LOUISVILLEFOUNDATION.ORG. ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g, Other Expenses ALLOCATED SALARIES & BENEFITS OF UNIVERSITY EMPLOYEES - TOTAL EXPENSE: 49143543, PROGRAM SERVICE EXPENSE: 41324550, MANAGEMENT AND GENERAL EXPENSES: 582891, FUNDRAISING EXPENSES: 7236102; CONSULTING - TOTAL EXPENSE: 1890339, PROGRAM SERVICE EXPENSE: 708223, MANAGEMENT AND GENERAL EXPENSES: 1021977, FUNDRAISING EXPENSES: 160139; OTHER SERVICE - TOTAL EXPENSE: 8563209, PROGRAM SERVICE EXPENSE: 7753056, MANAGEMENT AND GENERAL EXPENSES: 593839, FUNDRAISING EXPENSES: 216314; Form 990 , Part XI, Line 9, Other changes in net assets or fund balances RECONCILING ITEM - -1191265; Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=EQUIPMENT : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=INSTRUMENTS : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=SOFTWARE : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=MISCELLANEOUS : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=GOLF COURSE - INHERENT CONTRIBUTION : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=EQUIPMENT : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=INSTRUMENTS : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=SOFTWARE : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=MISCELLANEOUS : Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=GOLF COURSE - INHERENT CONTRIBUTION : UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 263416894 REAL ESTATE KY 107250 -9240849 UNIVERSITY OF LOUISVILLE FOUNDATION INC NUCLEUS KENTUCKY'S LIFE SCIENCES AND INNOVATION CENTER LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 263416972 REAL ESTATE KY 1111341 9237792 UNIVERSITY OF LOUISVILLE FOUNDATION INC PHOENIX PLACE-LOUISVILLE LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 270264868 REAL ESTATE KY 33734 160849 UNIVERSITY OF LOUISVILLE FOUNDATION INC KYT-LOUISVILLE LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 264771802 REAL ESTATE KY 57084 8381149 UNIVERSITY OF LOUISVILLE FOUNDATION INC AAF-LOUISVILLE LLC DBA CARDINAL STATION LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 263061274 REAL ESTATE KY 1120106 365956 UNIVERSITY OF LOUISVILLE FOUNDATION INC METACYTE EQUITY HOLDINGS LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 HOLDING COMPANY (INACTIVE) KY 0 0 UNIVERSITY OF LOUISVILLE FOUNDATION INC MINERVA-LOUISVILLE LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 455604157 ADMINISTRATIVE KY 0 -14941347 UNIVERSITY OF LOUISVILLE FOUNDATION INC CCG - LOUISVILLE LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 463848960 GOLF COURSE KY 2577863 5338726 UNIVERSITY OF LOUISVILLE FOUNDATION INC DCPA LLC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 472587366 ADMINISTRATIVE KY 0 0 UNIVERSITY OF LOUISVILLE FOUNDATION INC UNIVERSITY HOLDINGS INC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 262258318 MANAGEMENT SERVICES KY 501(C)(3) 11 - Type II UNIVERSITY OF LOUISVILLE FOUNDATION INC true ULH INC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 310926171 STUDENT HOUSING KY 501(C)(3) 11 - Type II UNIVERSITY OF LOUISVILLE FOUNDATION INC true LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 611320759 MEDICAL DEVELOPMENT FINANCING KY 501(C)(3) 7 UNIVERSITY OF LOUISVILLE FOUNDATION INC true THE NUCLEUS REAL PROPERTIES INC 215 CENTRAL AVENUE SUITE 304 LOUISVILLE KY 40208 463070346 REAL ESTATE KY 501(C)(3) 11 - Type II UNIVERSITY OF LOUISVILLE FOUNDATION INC true CAMPUS ONE LLC 600 N HURSTBOURNE PKWY SUITE 300 LOUISVILLE KY 40222 273900405 REAL ESTATE KY UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC UNRELATED -402407 1578033 false false 0 CAMPUS TWO LLC 600 N HURSTBOURNE PKWY SUITE 300 LOUISVILLE KY 40222 455319715 REAL ESTATE KY UNIVERSITY OF LOUISVILLE DEVELOPMENT CORPORATION LLC UNRELATED 618423 false false 0 METACYTE BUSINESS LAB LLC 103 GRAWEMEYER HALL LOUISVILLE KY 40292 161657492 RESEARCH KY UNIVERSITY OF LOUISVILLE FOUNDATION INC C CORPORATION 0 CHARITABLE REMAINDER TRUSTS (14) INVESTMENTS KY N/A TRUST true true false true false false false false false false false false false false true false false false false UNIVERSITY HOLDINGS INC A 251363 AMOUNT ACCRUED UNIVERSITY HOLDINGS INC D 8460445 LOAN BALANCE CAMPUS TWO LLC B 1104681 CAPITAL CONTRIBUTED METACYTE BUSINESS LAB LLC D 7755853 LOAN BALANCE METACYTE BUSINESS LAB LLC A 209594 AMOUNT ACCRUED