2015-02-05T14:08:35-06:00 2014-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2013-07-01 846049811 UNIVERSITY OF COLORADO FOUNDATION UNIV 3038137935 1800 GRANT STREET SUITE 725 DENVER CO 80203 JACK FINLAW PRESIDENT & CEO 3038137935 2015-02-04 1 DORI J EGGETT P00645252 3037409400 2013 2016-02-25 16:41:14Z X DAN B PALMQUIST 1800 GRANT STREET SUITE 725 DENVER CO 80203 390875051 0 X WWW.CUFUND.ORG X 1967 CO TO RECEIVE, MANAGE, AND INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 16 16 248 90 -253534 -1454685 127619327 148897892 7624701 2922720 54141948 77873795 959295 387843 190345271 230082250 116341901 109171590 0 0 17705969 2580290 795704 828875 16539708 12944426 28390904 147788000 140971659 42557271 89110591 1327866222 1570759090 310839829 367503495 1017026393 1203255595 X TO RECEIVE, MANAGE, AND INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 0 1 109171590 109171590 2922720 SEE SCHEDULE O. 109171590 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 46 0 1 248 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CO CT DC GA KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WV WI X DAN B PALMQUIST 3038137905 1800 GRANT STREET SUITE 725 DENVER CO 80203 ANDREW J SAFIR DIRECTOR 1.00 X 0 0 0 BETSY A MANGONE DIRECTOR 1.00 X 0 0 0 CARL A EKLUND DIRECTOR 1.00 X 0 0 0 DAVID C BAKER DIRECTOR 1.00 X 0 0 0 DAWN F WOOD DIRECTOR 1.00 X 0 0 0 EARL L WRIGHT DIRECTOR 1.00 X 0 0 0 EDWARD A OSBORNE DIRECTOR 1.00 X 0 0 0 FREDRICK J BRADFORD DIRECTOR 1.00 X 0 0 0 GARY R ANDERSON DIRECTOR 1.00 X 0 0 0 JAMES CT LINFIELD DIRECTOR 1.00 X 0 0 0 JANDELL T ALLEN-DAVIS DIRECTOR 1.00 X 0 0 0 JEREMY O MAY DIRECTOR 1.00 X 0 0 0 KAREN L POSSEHL DIRECTOR 1.00 X 0 0 0 KILE MORGAN JR DIRECTOR 1.00 X 0 0 0 MARGARET M BATHGATE DIRECTOR 1.00 X 0 0 0 MICHAEL F IMHOFF DIRECTOR 1.00 X 0 0 0 RICHARD W LAWRENCE PRESIDENT & CEO - 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THESE ENDOWMENTS ARE MANAGED IN ACCORDANCE WITH THE FOUNDATION BOARD APPROVED SPENDING POLICY, AND DISTRIBUTIONS FROM THESE ENDOWMENTS ARE MADE IN ACCORDANCE WITH SUCH POLICY AND ARE AVAILABLE TO THE UNIVERSITY OF COLORADO TO SUPPORT ITS PROGRAMS AND OPERATIONS, IN ACCORDANCE WITH THE APPLICABLE DONORS' RESTRICTIONS. PART X, LINE 2: THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2014 OR 2013. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2014 OR 2013. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2010 THROUGH THE CURRENT YEAR FOR FEDERAL AND STATE RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,360,768. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME -253,534. 1 EAST ASIA AND THE PACIFIC - INVESTMENTS 8853000 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 33232000 0 0 0 0 0 0 42085000 0 42085000 1 0 1 0 1 0 PART I, LINE 2: THE FOUNDATION DOES NOT PROVIDE GRANTS OR OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES. X X X 1 RUFFALO CODY LLC 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 OPER/MANAGE CALL CENTER 0 1079731 828875 250856 1079731 828875 250856 AK AZ AR CA CO CT DC GA HI IL KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WI WV AL NC 1 UNIVERSITY OF COLORADO 1800 GRANT ST SUITE 800 DENVER CO 80203 846000555 501(C)(3) 106838818 1392358 BOOK SEE PART IV UNIVERSITY OF COLORADO REAL ESTATE FOUNDATION 1800 GRANT ST STE 725 DENVER CO 80203 743066182 501(C)(3) 152436 GENERAL CONTRIBUTION UNIVERSITY OF COLORADO HOSPITAL FOUNDATION 12401 E 17TH AVE MS F485 AURORA CO 80045 208575263 501(C)(3) 750000 GENERAL CONTRIBUTION UNIVERSITY OF NORTHERN COLORADO FOUNDATION JUDY FARR CENTER - CAMPUS BOX 20 GREELEY CO 80639 846044833 501(C)(3) 10000 GENERAL CONTRIBUTION PIKES PEAK COMMUNITY COLLEGE FOUNDATION 5675 S ACADEMY BLVE C11 COLORADO SPRINGS CO 80906 742182257 501(C)(3) 12500 GENERAL CONTRIBUTION UNIVERSITY OF COLORADO HOSPITAL AUTHORITY 7901 E LOWRY BLVD DENVER CO 80230 841179794 501(C)(3) 10478 GENERAL CONTRIBUTION 6 PART I, LINE 2: THE USE OF GRANTS MADE BY THE UNIVERSITY OF COLORADO FOUNDATION ARE MONITORED BY THE UNIVERSITY OF COLORADO. PART II, LINE 1: UNIVERSITY OF COLORADO - GRANTS PAID GIFTS AND INCOME DISTRIBUTED TO THE UNIVERSITY OF COLORADO WERE APPLIED AS FOLLOWS: ACADEMICS - $31,601,304 ATHLETICS - $16,148,950 FACULTY AND STAFF COMPENSATION - $2,104,778 FINANCIAL AID - $16,590,147 LAND, BUILDINGS, AND EQUIPMENT - $10,220,556 LIBRARY - $400,678 PROFESSORSHIP CHAIRS - $9,571,051 RESEARCH - $12,817,247 FIXED ASSETS - $1,392,358 OTHER ACADEMIC PURPOSES - $7,384,107 X 1 1 X X X 1 0 0 0 0 0 0 1 0 RICHARD W LAWRENCE PRESIDENT & CEO - TERM ENDED 12/2013 626645 0 0 0 0 0 15300 0 15791 0 657736 0 0 0 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 137200 0 0 0 0 0 8578 0 15791 0 161569 0 0 0 DAN B PALMQUIST VP & CHIEF FINANCIAL OFFICER 151987 0 200 0 0 0 9122 0 296 0 161605 0 0 0 DAVID CHADWICK VP REAL ESTATE 146772 0 27313 0 0 0 10600 0 5562 0 190247 0 0 0 DENNIS PIPER FORMER VP & CHIEF FINANCIAL OFFICER 175048 0 0 0 0 0 10812 0 9722 0 195582 0 0 0 PART I, LINE 1A HEALTH AND SOCIAL CLUB DUES UNIVERSITY OF COLORADO FOUNDATION PRESIDENT/CEO IS NAMED ON A SOCIAL CLUB MEMBERSHIP HELD BY THE FOUNDATION. PART I, LINE 4A RICHARD LAWRENCE RECEIVED ONE YEAR'S SALARY AS A SEVERANCE PAYMENT IN THE CURRENT FISCAL YEAR. DENNIS PIPER RECEIVED THREE MONTH'S SALARY AS A SEVERANCE PAYMENT IN THE CURRENT FISCAL YEAR. PART I, LINE 7 A SPECIAL PAYOUT TO REWARD EXTRAORDINARY PERFORMANCE FOR FISCAL YEAR 2013 WAS PAID TO DAVID CHADWICK IN THE CURRENT FISCAL YEAR. THE PAYOUT WAS A DISCRETIONARY PERCENTAGE OF THE EMPLOYEE'S BASE SALARY, DEPENDING ON THE ACCOMPLISHMENT AND PERFORMANCE LEVEL. GUIDELINES FOR THE INCENTIVE AWARD WERE BASED ON ACTUAL RESULTS RELATIVE TO ESTABLISHED GOALS AND SIGNIFICANT CONTRIBUTIONS IN THEIR ROLE WHICH TRULY MADE A DIFFERENCE IN FISCAL YEAR 2013. X 154 13929159 AVG HIGH/LOW PRICE X 1 580000 AVG VALUE X BONDS 1 150352 FMV 0 1 1 PART I, LINE 32B: THE FOUNDATION HAS ACCOUNTS AT UBS AND KASPICK WHERE SECURITIES ARE RECEIVED AND SOLD. FORM 990, PART III, LINE 3 IN MAY 2013, AT THE REQUEST OF THE UNIVERSITY, THE FOUNDATION BOARD OF DIRECTORS PASSED A RESOLUTION DIRECTING THE PRESIDENT/CEO AND THE STAFF OF THE FOUNDATION TO COOPERATE WITH THE UNIVERSITY IN TRANSITIONING FUNDRAISING AND OTHER ADVANCEMENT ACTIVITIES TO THE UNIVERSITY. IMPLEMENTATION OF THIS REQUEST BEGAN IN JULY 2013. ALL FUNDRAISING AND OTHER ADVANCEMENT EMPLOYEES ARE NOW STAFF AT THE UNIVERSITY. IN FISCAL YEAR 2014, THE FOUNDATION REMAINS THE FIDUCIARY OF GIFT ASSETS, MANAGING THE INVESTMENT PORTFOLIO AS WELL AS RECEIVING AND RECEIPTING NEW GIFTS AND DISTRIBUTING GIFTS TO THE UNIVERSITY CONSISTENT WITH DONOR WISHES. GIVEN THE ORGANIZATIONAL CHANGES THAT OCCURRED DURING FISCAL YEAR 2014, THE UNIVERSITY AND THE FOUNDATION ARE IN THE PROCESS OF FINALIZING A NEW OPERATING AGREEMENT. FORM 990, PART III, LINE 4A UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS TO BENEFIT THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $148,897,892 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2014. IN ADDITION, AS OF JUNE 30, 2014, THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $1,203,255,595 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO UNIVERSITY OF COLORADO AND OTHER ORGANIZATIONS IN THE AMOUNT OF $109,171,590. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC. FORM 990, PART VI, SECTION A, LINE 3 IN THE CURRENT FISCAL YEAR, THE FOUNDATION HIRED A CONTRACT EMPLOYEE THAT SERVED AS AN INTERIM EXECUTIVE DIRECTOR, BUT WAS NEVER DESIGNATED AS AN OFFICER. FORM 990, PART VI, SECTION B, LINE 11 A FULL REVIEW BY THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM WILL BE PROVIDED TO THE AUDIT COMMITTEE. A SUMMARY OF THIS REVIEW WILL BE PRESENTED TO THE FULL BOARD BY THE AUDIT COMMITTEE CHAIR ALONG WITH A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS PROVIDED TO KEY EMPLOYEES, DIRECTORS, AND COMMITTEE MEMBERS. EACH RECIPIENT IS ASKED TO COMPLETE A DISCLOSURE CERTIFICATION. THESE DOCUMENTS ARE COLLECTED AND THE INFORMATION COMPILED IN THE FOUNDATION'S LEGAL DEPARTMENT. WHEN THE FOUNDATION IS CONSIDERING ENTERING INTO MAJOR TRANSACTIONS AND/OR CONTRACTS WITH OUTSIDE PARTIES, POTENTIAL CONFLICTS OF INTEREST ARE RESEARCHED. IF THERE IS AN IDENTIFIED CONFLICT, THE FOUNDATION DOCUMENTS SUCH AND RESOLVES THE ISSUE BASED ON THE POLICY REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF COLORADO FOUNDATION HAS A COMPENSATION COMMITTEE OF FOUR DIRECTORS. THE COMMITTEE'S ROLE IS TO ANNUALLY OBTAIN COMPARATIVE MARKET SALARY SURVEY INFORMATION. BASED ON THIS MARKET DATA AND PERFORMANCE, RECOMMENDATIONS FOR SALARY ADJUSTMENTS ARE REVIEWED. THIS COMMITTEE SPECIFICALLY REVIEWS AND APPROVES SALARY ADJUSTMENTS AND ANY ADDITIONAL COMPENSATION FOR THE CEO AND VP'S. SALARY RANGE REVIEW AND RECOMMENDATIONS ARE MADE TO THIS COMMITTEE ON AN ANNUAL BASIS. DELIBERATION AND CONCLUSION OF THE COMPENSATION DISCUSSION IS DOCUMENTED IN THE MINUTES MAINTAINED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. AUDITED FINANCIALS ARE ALSO AVAILABLE ON THE CUF WEBSITE WWW.CUFUND.ORG. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 242,320. FUNDRAISING EXPENSES 6,789. TOTAL EXPENSES 249,109. CU SUPPORT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 15,267,025. TOTAL EXPENSES 15,267,025. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,360,768. UNRELATED BUSINESS INCOME 253,534. CUF BOULDER II LLC 4740 WALNUT STREET BOULDER CO 80301 271020656 REAL ESTATE CO CU FOUNDATION CU FOUNDATION HOLDINGS INC 4740 WALNUT STREET BOULDER CO 80301 311608076 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (20) CRAT CO CUF T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0