2015-03-12T10:23:00-05:00 2014-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2013-07-01 046013152 UNIVERSITY OF MASSACHUSETTS FOUNDATION INC UNIV 6172875590 225 FRANKLIN STREET 33RD FLOOR BOSTON MA 02110 MCGLADREY LLP EXECUTIVE VICE PRESIDENT 6172875590 2015-03-11 1 LYNNE JOHNSON P00757336 6179129000 2013 2016-02-25 16:41:14Z ROBERT L CARET 225 FRANKLIN STREET 33RD FLOOR BOSTON MA 02110 169323673 0 X WWW.UMASSP.EDU/FOUNDATION X 1950 MA THE MISSION OF THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. THE FOUNDATION RECEIVES, INVESTS AND DISBURSES PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS AND ITS EDUCATIONAL MISSION. 30 30 6 40 145145 144145 22055603 24936176 0 0 7673100 10551046 8895752 9084386 38624455 44571608 13362408 11760568 0 0 358157 307406 0 0 3593453 4901459 4991680 18622024 17059654 20002431 27511954 399603111 460140697 5316700 5009460 394286411 455131237 TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. TO INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS. 0 0 12233135 11760568 9858169 THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. INVESTS FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS INCLUDING, BUT NOT LIMITED TO, SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS AND GENERAL PROGRAM SERVICES EXPENDITURES. 12233135 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 3 1 6 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA AK AR CA CO DC HI KY MD ME MI MN NH NJ NY OH OK OR SC TN UT WA WI WV NV X JUDITH A MURPHY 7744557185 333 SOUTH STREET SHREWSBURY MA 01545 ROBERT L CARET PRESIDENT/DIRECTOR 5.00 X X 0 0 0 JAMES P PAPPAS SECRETARY/DIRECTOR 1.00 X X 0 0 0 EDWARD H D'ALELIO TREASURER/DIRECTOR 1.00 X X 0 0 0 RICHARD V AGHABABIAN MD DIRECTOR 1.00 X 0 0 0 DOUGLAS CLIGGOTT DIRECTOR 1.00 X 0 0 0 STEPHEN A COLLINS DIRECTOR 1.00 X 0 0 0 JOSEPH C DAY DIRECTOR 1.00 X 0 0 0 STEPHEN R DUNNE DIRECTOR 1.00 X 0 0 0 DANIEL E FEDER DIRECTOR 1.00 X 0 0 0 STANLEY L FUNG DIRECTOR 1.00 X 0 0 0 MARIA D FURMAN DIRECTOR 1.00 X 0 0 0 WARREN J ISABELLE DIRECTOR 1.00 X 0 0 0 JOHN D KATTAR DIRECTOR 1.00 X 0 0 0 MARK A MARINELLA DIRECTOR 1.00 X 0 0 0 R NORMAN PETERS ESQ DIRECTOR 1.00 X 0 0 0 MARY L REED DIRECTOR 1.00 X 0 0 0 ROBERT R REITANO DIRECTOR 1.00 X 0 0 0 ANDREW T RUDD DIRECTOR 1.00 X 0 0 0 KARL E WHITE DIRECTOR 1.00 X 0 0 0 ROY J ZUCKERBERG DIRECTOR 1.00 X 0 0 0 MICHAEL F COLLINS MD DIRECTOR 1.00 X 0 0 0 MATTHEW C DONAHUE ESQ DIRECTOR 1.00 X 0 0 0 PATRICIA C FLAHERTY DIRECTOR 1.00 X 0 0 0 DIVINA GROSSMAN DIRECTOR 1.00 X 0 0 0 JAMES R JULIAN JR DIRECTOR 1.00 X 0 0 0 MARTIN T MEEHAN DIRECTOR 1.00 X 0 0 0 J KEITH MOTLEY DIRECTOR 1.00 X 0 0 0 KUMBLE R SUBBASWAMY DIRECTOR 1.00 X 0 0 0 HENRY M THOMAS III DIRECTOR 1.00 X 0 0 0 CHRISTINE M WILDA DIRECTOR 1.00 X 0 0 0 CHARLES J PAGNAM EXECUTIVE VICE PRESIDENT 20.00 X 122677 0 37748 ROBERT M GOODHUE ESQ INTERIM EVP/GENERAL COUNSEL 40.00 X 194464 0 48938 SANDY A KING DEPUTY CHIEF OPERATING OFFICER 40.00 X 122404 0 34310 JUDITH A MURPHY ASSOC. VICE PRESIDENT/CONTROLLER 40.00 X 164339 0 45825 MARY ELLEN YATES DIR. OF SCHOLARSHIPS & SPEC. EVENTS 40.00 X 102200 0 10220 706084 0 177041 5 0 1 0 ELLUCIAN COMPANY LP 4375 FAIR LAKES CT FAIRFAX VA 22033 IT CONSULTANTS 866698 IMODULES SOFTWARE INC 5101 COLLEGE BLVD LEAWOOD KS 66211 FUNDRAISING SOFTWARE SUP. 101060 2 32725 3173527 21729924 1663491 24936176 799157 145145 654012 134295516 124543627 9751889 9751889 9751889 68725 32725 208438 -139713 -139713 INVESTMENT MANAGEMENT FEE 561000 9733380 9733380 PRIOR YEAR UNSPENT INCOME 900099 26383 26383 CHANGE IN VALUE SPLIT INTEREST 561000 -634070 -634070 98406 98406 9224099 44571608 9224099 145145 10266188 11760568 11760568 29531 4430 17718 7383 217931 43586 174345 30740 6148 24592 29204 5841 23363 175214 43804 105128 26282 629771 125954 503817 136353 136353 3950 3950 100729 20146 80583 3557614 1776 3555838 69075 13815 55260 18467 3693 14774 24245 4849 19396 200301 200301 75961 75961 17059654 12233135 1233066 3593453 80818 158360 17941813 17179214 112992 0 9530909 1052937 8619273 8477972 241294463 265400599 131553752 168924552 399603111 460140697 12570 153861 1972934 1372788 3331196 3482811 5316700 5009460 X 27494796 32143436 62818613 98433951 303973002 324553850 394286411 455131237 399603111 460140697 27511954 33332872 0 X 0 1 X 1 0 X 12039046 26125057 24104638 22055603 24936176 109260520 12039046 26125057 24104638 22055603 24936176 109260520 4074618 105185902 2523992 3388439 2194427 950927 799157 9856942 465715 47001 76379 26410 68725 684230 119801692 37276213 0.87800 0.84590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 597311803 71790581 12080904 657021480 0 340240491 23633160 43278294 10495222 489746 -1777996 397944973 308858283 14656944 25497568 9325969 426209 -979874 340240491 302218254 18898805 -3034590 8670000 347234 206952 308858283 259183338 17079839 35469310 8087517 226164 1200552 302218254 243172575 13234779 26077174 3197034 20987245 -883089 259183338 0.00520 0.77450 0.22030 0 0 1419140 1419140 7943523 886683 7056840 168246 166254 1992 8477972 ALTERNATE INVESTMENTS 168924552 F 168924552 OBLIGATIONS TO BENEFICIARIES OF SPLIT-INTEREST AGREEMENTS 3482811 3482811 X 150537569 33332872 71790581 105123453 45414116 -842508 -842508 44571608 29348997 12289343 12289343 17059654 0 17059654 PART IV, LINE 1B: AGENCY ACCOUNTS ARE INVESTMENTS HELD ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AND THE EDWARD M. KENNEDY INSTITUTE. PART V, LINE 4: THE INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS ARE TO BE SPENT WITHIN THE ESTABLISHED CRITERIA FOR THE FUND IN SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS OF THE UNIVERSITY OF MASSACHUSETTS. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAVE DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT WERE MATERIAL TO THE FINANCIAL STATEMENTS AS OF JUNE 30, 2014 OR JUNE 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO UNIVERSITY OF MASSACHUSETTS 9,771,942. EXCESS OF INVESTMENT RETURN OVER SPENDING RATE 62,018,639. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -634,070. FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B -208,438. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO AGENCY 12,080,905. FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B 208,438. CENTRAL AMERICA INVESTMENTS 102953000 EAST ASIA & PACIFIC INVESTMENTS 3901000 EUROPE INVESTMENTS 4990000 MIDDLE EAST & NORTH AFRICA INVESTMENTS 472000 NORTH AMERICA INVESTMENTS 838000 RUSSIA INVESTMENTS 1218000 SOUTH AMERICA INVESTMENTS 2084000 SOUTH ASIA INVESTMENTS 668000 SUB-SAHARAN AFRICA INVESTMENTS 1391000 0 0 0 0 0 0 117124000 1391000 118515000 1 0 0 0 0 0 GOLF EVENT 39225 32725 6500 6344 31158 1782 4902 SPORTS EVENT 36930 36930 1002 6400 6139 33448 25006 2 25295 25295 8075 26557 21800 9164 26661 101450 32725 68725 15421 64115 29721 42612 56569 208438 -139713 1 UNIVERSITY OF MASSACHUSETTS 333 SOUTH ST SUITE 450 SHREWSBURY MA 01545 043167352 115 11760568 FMV N/A SEE PART IV 1 PART I, LINE 2: DISBURSEMENTS TO THE UNIVERSITY OF MASSACHUSETTS ARE SUBJECT TO THE EXPENDITURE AND DISBURSEMENT POLICIES OF THE UNIVERSITY OF MASSACHUSETTS, INCLUDING ALLOWABILITY, APPROPRIATENESS(BUSINESS PURPOSE, ADEQUATE DOCUMENTATION, AND PROPER APPROVALS), AND DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. PART II, LINE 1, COLUMN (H): DISTRIBUTIONS TO THE UNIVERSITY OF MASSACHUSETTS ARE PROVIDED IN THE FORM OF STUDENT SUPPORT (SCHOLARSHIPS, FELLOWSHIPS, ETC.), FACULTY AND STAFF SUPPORT (ENDOWMENT FACULTY POSITIONS, RESEARCH, PROFESSIONAL DEVELOPMENT), ACADEMIC PROGRAM SUPPORT, AND FACILITIES SUPPORT. 0 0 0 0 0 0 0 0 0 CHARLES J PAGNAM EXECUTIVE VICE PRESIDENT 122677 0 0 0 0 0 0 0 37748 0 160425 0 0 0 ROBERT M GOODHUE ESQ INTERIM EVP/GENERAL COUNSEL 194464 0 0 0 0 0 0 0 48938 0 243402 0 0 0 SANDY A KING DEPUTY CHIEF OPERATING OFFICER 122404 0 0 0 0 0 0 0 34310 0 156714 0 0 0 JUDITH A MURPHY ASSOC. VICE PRESIDENT/CONTROLLER 164339 0 0 0 0 0 0 0 45825 0 210164 0 0 0 X 27 1663491 FMV ON DATE OF GIFT 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: SHARES OF PUBLICLY TRADED SECURITIES CONTRIBUTED BY DONORS ARE TRANSFERRED BY THE DONOR'S CUSTODIAN TO A CUSTODY ACCOUNT MAINTAINED BY THE UNIVERSITY OF MASSACHUSETTS FOUNDATION AT BNY MELLON. BNY MELLON HAS A STANDING ORDER TO SELL SUCH SECURITIES IN A TIMELY AND ORDERLY FASHION AND TO TRANSFER THE PROCEEDS FROM THE SALE TO THE UNIVERSITY OF MASSACHUSETTS FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE PRIOR TO ITS FILING WITH THE IRS AND THEN FORWARDED BY HIM TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT ACKNOWLEDGES THAT THEY HAVE READ AND UNDERSTAND THE POLICY. ON THIS STATEMENT, THEY ARE REQUIRED TO LIST ANY POTENTIAL CONFLICT. RESPONSES ARE GATHERED BY FOUNDATION COUNSEL. FOUNDATION COUNSEL AND THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE REVIEW THE RESPONSES AND IDENTIFY ANY POTENTIAL CONFLICTS. THE DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO SUPPLEMENT THEIR RESPONSES IN THE EVENT THAT ANY ADDITIONAL POTENTIAL CONFLICTS ARISE DURING THE YEAR. WHEN A DIRECTOR OR OFFICER BECOMES AWARE OF A PROPOSED COVERED TRANSACTION UNDER THE POLICY, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: A) IMMEDIATELY DISCLOSE THE EXISTENCE OR CIRCUMSTANCES OF SUCH COVERED TRANSACTION TO THE FOUNDATION'S BOARD OF DIRECTORS IN WRITING; B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE COVERED TRANSACTION; AND C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION EXCEPT TO ANSWER QUESTIONS, INCLUDING BOARD DISCUSSIONS AND DECISIONS ON THE SUBJECT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.