2015-03-23T15:20:36-05:00 2014-06-30 271728945 O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2013-07-01 222141645 SUNY NEW PALTZ FOUNDATION INC SUNY 8452573244 1 HAWK DRIVE NEW PALTZ NY 125612443 ERICA MARKS EXECUTIVE DIRECTOR 8452573244 2015-03-23 1 GARRETT M HIGGINS P00543209 9143818900 2015-03-23 2013 2016-02-25 16:41:14Z ERICA MARKS 1 HAWK DRIVE NEW PALTZ NY 125612443 3656893 0 X WWW.NEWPALTZ.EDU/FOUNDATION X 1976 NY SEE SCHEDULE O 18 17 0 20 0 0 1438735 1898967 0 0 700366 781329 77247 72310 2216348 2752606 274881 275645 0 0 659 0 46343 81087 307688 847314 977198 1169197 1333930 1047151 1418676 28699664 31874420 2374088 2307389 26325576 29567031 X SUNY NEW PALTZ FOUNDATION, INC. EXISTS TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUSTS AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, AND TO USE, DISBURSE, OR DONATE THE INCOME OR PRINCIPAL THEREOF OR USE THE PROPERTY IN KIND FOR THE BENEFIT OF SUNY NEW PALTZ, ITS STUDENTS AND GRADUATES, INCLUDING BUT NOT LIMITED TO THE FOLLOWING: TO MAKE GRANTS OF FINANCIAL ASSISTANCE TO THE COLLEGE, ITS STUDENTS AND GRADUATES, INCLUDING SCHOLARSHIPS, GRANTS AND LOANS TO STUDENTS AND GRADUATES AND ASSISTING THE RECRUITMENT AND CONTINUING DEVELOPMENT OF THE FACULTY AND STAFF AND PROGRAM OF THE COLLEGE; AND IN GENERAL TO DO ANY AND ALL ACTS AND THINGS AND EXERCISE ANY AND ALL POWERS WHICH IT MIGHT NOW OR HEREAFTER BE LAWFUL FOR THE CORPORATION TO DO OR EXERCISE UNDER AND PURSUANT TO THE LAWS OF THE STATE OF NEW YORK FOR THE PURPOSE OF ACCOMPLISHING ANY OF THE PURPOSES OF THE CORPORATION. 0 0 275645 275645 SCHOLARSHIPS:MORE THAN 60 SCHOLARSHIPS WERE MADE POSSIBLE IN 2013-14 THROUGH GENEROUS GIFTS FROM ALUMNI, FACULTY, STAFF AND FRIENDS OF THE COLLEGE. 194 STUDENTS RECEIVED A TOTAL OF $275,645 IN SUPPORT, ALLOWING THE COLLEGE TO MAKE A SUNY NEW PALTZ EDUCATION ACCESSIBLE FOR TALENTED DESERVING STUDENTS. 175222 DORSKY MUSEUM:IN 2013, 13,709 PEOPLE VISITED THE CAMPUS' SAMUEL DORSKY MUSEUM OF ART, A 10% INCREASE IN ATTENDANCE OVER 2012. THE MUSEUM WAS FOUNDED AND CONTINUES TO GROW THANKS TO PRIVATE SUPPORT. SEE FURTHER EXPLANATION ON PAGE 24, SCHEDULE D, PART XIII AND PAGE 43, SCHEDULE O. 145835 ENGINEERING:IN 2013, THE HUDSON VALLEY ADVANCED MANUFACTURING CENTER AT NEW PALTZ ESTABLISHED ITSELF AS A NATIONAL LEADER IN 3D PRINTING TECHNOLOGY AND EDUCATION. THE CENTER BRINGS STATE-OF-THE-ART 3D PRINTING EQUIPMENT TO THE REGION AND A CURRICULUM IN DIGITAL DESIGN AND FABRICATION, GIVING RISE TO POWERFUL FORCES-ART AND TECHNOLOGY, CREATIVITY AND INGENUITY. THIS HAS CREATED AN ACTIVE AND EXCITING ATMOSPHERE IN THE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) DISCIPLINES. 230735 IN ADDITION, THE FOUNDATION SUPPORTED VARIOUS OTHER ACADEMIC DEPARTMENTS AND CAMPUS PROGRAMS OFFERED BY SUNY NEW PALTZ THROUGHOUT THE YEAR. 230735 827437 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 45 0 0 0 0 0 0 0 1 1 0 0 0 0 X 18 17 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X SHANNON RODDY 8452573244 1 HAWK DRIVE NEW PALTZ NY 12561 NOAH P DORSKY DIRECTOR 2.00 X 0 0 0 PATRICK DOULIN CHAIR 2.00 X X 0 0 0 ARTHUR A ANDERSON DIRECTOR 2.00 X 0 0 0 ELI BASCH DIRECTOR 2.00 X 0 0 0 EVERTON H HENRIQUES DIRECTOR 2.00 X 0 0 0 MICKEY JAMAL DIRECTOR 2.00 X 0 0 0 BRENT J CUTLER DIRECTOR 2.00 X 0 0 0 MICHAEL T KEEGAN DIRECTOR 2.00 X 0 0 0 JAMES A PARRISH DIRECTOR-TERM ENDED 12/2013 2.00 X 0 0 0 BARBARA SCHERR SECRETARY 2.00 X 0 0 0 LARRY WOLINSKY VICE CHAIR-TERM ENDED 6/30/14 2.00 X X 0 0 0 ANTHONY P COSTA DIRECTOR 2.00 X 0 0 0 E PETER KANE DIRECTOR 2.00 X 0 0 0 DONALD CHRISTIAN PRESIDENT OF SUNY 6.00 34.00 X X 0 226885 67047 MARY ETTA SCHNEIDER TREASURER 2.00 X X 0 0 0 LEONARD BOCCIA DIRECTOR 2.00 X 0 0 0 MYRA ELLEN KRESSNER DIRECTOR 2.00 X 0 0 0 PHILIP M BERKOWITZ DIRECTOR 2.00 X 0 0 0 KAREN DORSKY DIRECTOR 2.00 X 0 0 0 JULIET BRYAN-COXUM DIRECTOR-TERM ENDED 9/2013 2.00 X 0 0 0 SHANNON RODDY CHIEF FINANCIAL OFFICER 40.00 X 0 92005 21409 ERICA MARKS EXECUTIVE DIRECTOR 38.00 2.00 X 0 21997 2503 0 340887 90959 0 0 1 0 RUOTOLO ASSOCIATES INC HORIZON SQUARE 29 BROADWAY STE 21 CRESSKILL NJ 07626 CONSULTING 143123 RUFFALOCODY LLC P O BOX 718 DES MOINES IA 50303 FUNDRAISING SERVICE 117138 2 64361 1834606 36261 1898967 385800 385800 43285 43285 111371 74866 36505 36505 36505 1187453 928 791826 1026 395627 -98 395529 395529 29089 64361 36569 -7480 -7480 2752606 0 0 853639 X 275645 275645 5243 250 4993 32894 32894 81087 81087 49014 49014 288454 102199 81255 105000 17727 17310 417 338431 277086 2411 58934 8085 500 7585 33046 585 32461 13199 7420 5779 21071 21071 25361 25361 OTHER DIRECT EXPENSES 54603 37939 16664 EDUCATIONAL TRAVEL 39647 33826 5821 VISITING LECTURERS 16261 15536 725 BOARD ADMINISTRATION 15810 15810 18352 12709 4843 800 1333930 827437 198805 307688 282891 350141 4025285 3772856 148497 544366 17962 44724 3572273 587397 2958903 2984876 14712440 17568410 6553686 6609047 28699664 31874420 59080 53456 194324 140195 9167 9167 2000000 2000000 111517 104571 2374088 2307389 X 10065620 10376975 5933298 8388385 10326658 10801671 26325576 29567031 28699664 31874420 X 1418676 1831602 -8823 X X 0 1 X 1 0 X 1891866 1648569 1659529 1438735 1898967 8537666 1891866 1648569 1659529 1438735 1898967 8537666 251345 8286321 364793 489637 530129 459046 540456 2384061 51656 25392 26148 55238 158434 11080161 308314 0.74790 0.68120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 51,656. 2010 AMOUNT: $ 25,392. 2011 AMOUNT: $ 26,148. 2012 AMOUNT: $ 55,238. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28756 6174250 X X X 0 15030326 452300 2513972 17996598 13539559 170607 1320160 15030326 13080848 631182 -74343 98128 13539559 10704650 225921 2235323 85046 13080848 9227671 715165 1168110 406296 10704650 0.05450 0.57410 0.37140 0 0 1520154 479846 2000000 143980 45448 189428 585583 520482 65101 797262 66915 730347 2984876 OTHER RECEIVABLE 51259 ARTWORK, PAINTINGS AND ANTIQUES 6174250 CHARITABLE GIFT ANNUITIES 383538 6609047 GIFT ANNUITY PAYABLE 86238 SECURITY DEPOSIT PAYABLE 18333 104571 X 6114685 1831602 1497047 82444 3411093 2703592 49014 49014 2752606 2864407 1497047 82444 1579491 1284916 49014 49014 1333930 PART III, LINE 4: SCHEDULE D, PART III, LINE 4: PUBLIC EXHIBITIONS: THROUGH THE YEAR, THE DORSKY MUSEUM FEATURES SELECTIONS FROM ITS PERMANENT COLLECTION IN THEME EXHIBITIONS WHICH ARE EITHER CURATED BY STAFF OR GUEST CURATORS. THE GOAL OF THESE PERMANENT COLLECTION EXHIBITIONS IS TO FEATURE THE 5,000+ OBJECTS IN NEW AND UNIQUE WAYS IN ORDER TO ENCOURAGE VISITORS TO MAKE MULTIPLE VISITS THOUGH THE YEAR AND TO CONTRIBUTE TO SCHOLARSHIP. SCHOLARLY RESEARCH: THE MUSEUM ENCOURAGES VISITORS TO USE THE PERMANENT COLLECTION FOR SCHOLARLY RESEARCH BY TAKING ADVANTAGE OF THE PERMANENT COLLECTION DATA BASE WHICH ALLOW ANYONE TO SURVEY THE COLLECTION FOR ANY REASON. UNIVERSITY FACULTY ARE ALSO ENCOURAGED TO USE THE PERMANENT COLLECTION AS A TOOL IN THEIR TEACHING BY WORKING WITH MUSEUM STAFF TO SELECT APPROPRIATE PIECES WHICH CAN THEN BE PUT ON TEMPORARY DISPLAY IN THE MUSEUM FOR CLASS VISITS AND ASSIGNMENTS. PRESERVATION FOR FUTURE GENERATIONS: THE MUSEUM FOLLOWS THE AMERICAN ALLIANCE OF MUSEUM GUIDELINES FOR THE CARE AND PRESERVATION OF ITS PERMANENT COLLECTION. THIS COLLECTION IS STORED IN A TEMPERATURE AND HUMIDITY CONTROLLED ENVIRONMENT AND IS PERIODICALLY REVIEWED BY STAFF TO PINPOINT CONSERVATION ISSUES. THE PERMANENT COLLECTION AT THE DORSKY MUSEUM CONSISTS OF OVER 5,000 OBJECTS AND IS VERY ENCYCLOPEDIC IN NATURE. THE COLLECTION CAN BE DIVIDED INTO THE FOLLOWING MAJOR CATEGORIES: THE WORLD COLLECTION: THIS COLLECTION INCLUDES OUTSTANDING EXAMPLES OF BOTH TWO AND THREE DIMENSIONAL OBJECTS FROM DIVERSE CULTURES, DATING FROM CLASSICAL TO MODERN TIMES. AREAS OF STRENGTH INCLUDE OBJECTS FROM ANCIENT EGYPT AND THE GREEK AND ROMAN WORLD, PRE-COLUMBIAN ARTIFACTS; ASIAN PRINTS SPANNING THE 17TH TO 19TH CENTURIES, TRADITIONAL AFRICAN SCULPTURE AND MASKS, AUSTRALIAN ABORIGINAL BARK PAINTINGS, AND PACIFIC ISLAND ARTIFACTS FROM THE EARLY 20TH CENTURY. PAINTINGS: THIS COLLECTION RANGES FROM 17TH TO 21ST CENTURY AMERICAN, EUROPEAN, AND ASIAN WORKS, WITH A SPECIAL EMPHASIS ON PAINTING BY ARTIST FROM OUR REGION. IN KEEPING WITH THE REGIONAL EMPHASIS OF OUR MISSION AND PROGRAMMING, THE MUSEUM HAS A SPECIAL INTEREST IN COLLECTING, EXHIBITING AND INTERPRETING THE WORK OF ARTISTS ASSOCIATED WITH THE HUDSON RIVER SCHOOL AND THE WOODSTOCK COLONY FOR THE ARTS. OUR EXHIBITION, RESEARCH AND INTERPRETIVE PROGRAMS EXTEND TO THE FERTILE CONTEMPORARY ART SCENE IN THE REGION AS WELL. THE MUSEUM IS DEEPLY COMMITTED TO BRINGING A COMPLEMENTARY CRITICAL FOCUS TO THE WORK OF THE MODERN AND CONTEMPORARY ARTISTS WHO HAVE CALLED THE HUDSON VALLEY HOME. PHOTOGRAPHY: IN 1983, THE MUSEUM MADE A LONG-RANGE COMMITMENT TO BUILDING A COMPREHENSIVE COLLECTION OF 19TH, 20TH AND 21ST CENTURY PHOTOGRAPHS. THIS COLLECTION INCLUDES MORE THAN 2,000 PHOTOGRAPHS, DAGUERREOTYPES, AMBROTYPES, AND TINTYPES. IN 1995, A FORMAL PARTNERSHIP ESTABLISHED WITH THE CENTRO FOR PHOTOGRAPHY AT WOODSTOCK (CPW) RESULTED IN THE TRANSFER OF THE PERMANENT PRINT COLLECTION DEVELOPED BY CPW, TO THE SDMA ON EXTENDED LOAN. THE CPW COLLECTION INCLUDES PRIMARILY CONTEMPORARY WORK AND IS INTERNATIONAL IN SCOPE; IT CONTRIBUTES SIGNIFICANTLY TO THE BREADTH OF THE MUSEUM'S PHOTOGRAPHIC HOLDINGS. THIS UNIQUE PARTNERSHIP, WHICH INCLUDES COLLABORATIONS WITH THE UNIVERSITY'S PROGRAMS IN FINE ART PHOTOGRAPHY AND DIGITAL IMAGING, IS RESPONSIBLE FOR FORGING A STRONG AND VITAL PRESENCE FOR THE PHOTOGRAPHIC ARTS IN THE REGION. WORKS ON PAPER: WORKS ON PAPER MAKE UP THE MUSEUM'S SINGLE LARGEST CORE COLLECTION. THE COLLECTION WAS ESTABLISHED IN 1957 WITH A BEQUEST OF MORE THAN 150 AMERICAN PRINTS FROM THE ESTATE OF EDWARD COYKENDALL, MANY OF THE PRINTS ARE BY ARTISTS FROM THE HUDSON VALLEY AND CATSKILL REGIONS. THE COYKENDALL COLLECTION LAID THE FOUNDATION FOR, AND STIMULATED THE MUSEUM'S INTEREST IN, FORMALLY ADDRESSING THE CULTURAL HERITAGE OF THE REGION. THIS FOCUS COMPLEMENTS A MORE COMPREHENSIVE TEACHING COLLECTION RANGING FROM THE 15TH THROUGH THE 21ST CENTURY THAT IS INTERNATIONAL IN SCOPE, WITH A STRONG EMPHASIS ON MODERN AND CONTEMPORARY AMERICAN AND EUROPEAN POSTERS AND DRAWINGS REPRESENTING THE MAJOR ART MOVEMENTS OF THE 20TH CENTURIES. METALS: IN 1985, A NEW AREA OF FOCUS FOR THE PERMANENT COLLECTION AT THE MUSEUM WAS ESTABLISHED. FROM THE OUTSET, COLLECTING "METALS" WAS SEEN AS A WAY TO BOTH COMPLEMENT AND AUGMENT THE UNIVERSITY'S INTERNATIONALLY RENOWNED STUDIO PROGRAM IN METALSMITHING. THOROUGH THE COLLABORATIVE EFFORTS AND GENEROSITY OF FORMER AND CURRENT FACULTY MEMBERS, ALUMNI AND FRIEND OF THE MUSEUM, THE COLLECTION IS BEING AGGRESSIVELY DEVELOPED. THE COLLECTION HAS UNDERGONE A PERIOD OF UNPRECEDENTED GROWTH AND NOW INCLUDES FINE EXAMPLES OF 18TH AND 19TH CENTURY SILVER, AS WELL AS OUTSTANDING EXAMPLES OF MODERN AND CONTEMPORARY JEWELRY, VESSELS AND SMALL SCULPTURE. PART V, LINE 4: THE OBJECTIVE OF THE FOUNDATION'S ENDOWMENT FUNDS IS TO PROVIDE THE GREATEST LEVEL OF SUPPORT FOR ACADEMIC PROGRAMS AND SCHOLARSHIPS, CONSISTENT WITH THE PRESERVATION OF PURCHASING POWER OF THE ENDOWMENT. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII LINE 8B 7,480. RENT EXPENSES REPORTED ON PART VIII, LINE 6B: 74,866. LOSS ON ASSET DISPOSAL REPORTED ON PART VIII, LINE 7C: 98. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL REPORTED ON PART VIII, LINE 7C: 98. ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII LINE 8B 7,480. RENT EXPENSES REPORTED ON PART VIII, LINE 6B: 74,866. X X X X 1 RUFFALOCODY LLC 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 TELEFUNDRAISING, PROGRAM DESIGN, INFORMATION SERVICES DATA R 0 85956 81087 4869 85956 81087 4869 NY GALA 79145 59931 19214 19040 4921 GOLF TOURNAMENT 14305 4430 9875 10049 2559 93450 64361 29089 29089 7480 36569 -7480 1 THE FOUNDATION PROVIDED VARIOUS SCHOLARSHIPS TO STUDENTS AT SUNY NEW PALTZ TO HELP FURTHER THEIR EDUCATION. 194 275645 PART I, LINE 2: SCHOLARSHIP CRITERIA ARE SET BY DONORS OR THE FOUNDATION BOARD. THE ADMISSIONS OFFICE AWARDS RECRUITMENT SCHOLARSHIPS AND VARIOUS ACADEMIC AREAS AWARD UPPER-DIVISION SCHOLARSHIPS, BASED ON THE SET CRITERIA. THE FINANCIAL AID OFFICE VERIFIES THAT RECIPIENTS MEET THE CRITERIA BEFORE AWARDS ARE DISBURSED. 0 0 0 0 0 0 0 0 0 DONALD CHRISTIAN PRESIDENT OF SUNY 0 226885 0 0 0 0 0 18544 0 48503 0 293932 0 0 M&T BANK DIRECTOR OF THE ORGANIZATION IS ALSO THE REGIONAL PRESIDENT OF M&T BANK 68810 MICHAEL KEEGAN IS A DIRECTOR OF SUNY NEW PALTZ FOUNDATION, AND IS THE REGIONAL PRESIDENT OF THE HUDSON VALLEY DIVISION OF M&T BANK. MR. KEEGAN RECUSES HIMSELF FROM ANY DISCUSSIONS OR VOTES ON THIS NOTE DUE TO HIS CONFLICT OF INTEREST. SUNY NEW PALTZ FOUNDATION HAS A $2,000,000 NOTE WITH M&T BANK, AND PAID $54,789 IN INTEREST, $14,021 IN BANK FEES AND $300,000 IN DEPOSIT TO THE BANK DURING THE YEAR. 0 WELLS FARGO ADVISORS DIRECTOR OF THE ORGANIZATION IS A MANAGING DIRECTOR OF WELLS FARGO ADVISORS 49020 LEONARD BOCCIA IS A DIRECTOR OF SUNY NEW PALTZ FOUNDATION, AND IS A MANAGING DIRECTOR OF WELLS FARGO ADVISORS (NYC). WELLS FARGO ADVISORS MANAGES THE FOUNDATION'S INVESTMENTS. THE FOUNDATION PAID $49,020 IN FEES DURING THE YEAR TO WELLS FARGO ADVISORS (POUGHKEEPSIE, NY). 0 X 12 28756 APPRAISALS & FMV X 360 FMV X PHOTO EQUIP/G 5 7145 FMV 1 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRUBUTORS. FORM 990, PART I, LINE 1: SCHOLARSHIPS SUPPORT MANY PHILANTHROPIC CONTRIBUTIONS PROVIDE STUDENTS WITH MUCH-NEEDED SUPPORT IN FINANCING THEIR EDUCATION. SCHOLARSHIPS ALLOW DONORS TO DIRECTLY IMPACT THE LIVES OF NEW PALTZ STUDENTS, OPENING DOORS IN IMMEASURABLE WAYS. ERICA YU, A JUNIOR DOUBLE MAJOR IN ELEMENTARY EDUCATION AND CLASSICAL VIOLIN PERFORMANCE, HAS RECEIVED NUMEROUS SCHOLARSHIPS TO SUPPORT HER NEW PALTZ EDUCATION. IN AN EFFORT TO SAY THANK YOU, YU, ALONG WITH OTHER FOUNDATION SCHOLARSHIP WINNERS, GATHERED LAST FALL TO SHARE THEIR STORIES AND THANK DONORS FOR THEIR SUPPORT. THANKS TO DONATIONS, NEW PALTZ NOW HAS MORE THAN 109 ENDOWED SCHOLARSHIP FUNDS. WITH $275,645 FROM ANNUAL AND ENDOWED FUNDS YIELDING SCHOLARSHIPS FOR 194 STUDENTS AT AN AVERAGE OF $1,421 PER STUDENT PER YEAR. SINCE THE FUTURE SUCCESS OF MANY NEW PALTZ GRADUATES IS DIRECTLY TETHERED TO THE REALITY OF STUDENT LOAN DEBT, HELPING STUDENTS REALIZE THEIR FULL POTENTIAL FREES THEM TO FOLLOW THEIR DREAMS AND ENSURES THEY WILL ONE DAY REACH BOTH THEIR PROFESSIONAL AND PERSONAL OBJECTIVES. JAMES H. OTTAWAY SR. ENDOWED PROFESSORSHIP SONIA SHAH, AN AWARD-WINNING JOURNALIST WHO COVERS SCIENCE AND INTERNATIONAL HUMAN RIGHTS ISSUES, SERVED AS THE 2014 JAMES H. OTTAWAY SR. VISITING PROFESSOR OF JOURNALISM AND TAUGHT THE COURSE "SCIENCE, ENVIRONMENT, AND DISEASE: NEW APPROACHES TO SCIENCE JOURNALISM." AS PART OF SHAH'S COURSE, STUDENTS DEVELOPED AND LAUNCHED AN EDUCATIONAL WEBSITE CALLED "TICK TALK," AN INVESTIGATIVE PROJECT ON THE POLITICS, HISTORY, AND CULTURAL IMPACT OF LYME DISEASE. THE TICK-BORNE ILLNESS HAS BECOME AN EPIDEMIC IN THE MID-HUDSON VALLEY REGION, AND SHAH CHOSE TO INVESTIGATE THE SUBJECT WITH HER STUDENTS BECAUSE OF ITS LOCAL RELEVANCE. SAMUEL DORSKY MUSEUM OF ART A SHINING EXAMPLE OF THE POWER OF PHILANTHROPY, THE SAMUEL DORSKY MUSEUM OF ART AT NEW PALTZ ENHANCES THE CULTURAL LIFE OF THE COLLEGE, AND THE BROADER COMMUNITY, LARGELY THROUGH GENEROUS PRIVATE DONATIONS. THE DORSKY FAMILY REMAINS COMMITTED TO NOT ONLY THE MUSEUM, NAMED IN MEMORY OF THEIR FATHER SAMUEL DORSKY, BUT TO THE COLLEGE AS WELL. KAREN, DAVID, AND NOAH DORSKY, ALONG WITH THEIR SISTER SARA BEDRICK, WERE FOUNDING CONTRIBUTORS TO THE FORMATION OF THE DORSKY AND HAVE SINCE CREATED SEVERAL ENDOWMENTS - INCLUDING THE NEIL C. TRAGER DIRECTORSHIP CURRENTLY HELD BY SARA PASTI - TO HELP NURTURE ITS LONG-TERM VIABILITY WHILE ALSO SUPPORTING ITS ANNUAL EXHIBITIONS AND RELATED PROGRAMMING. ACCORDING TO PASTI, FUNDS OBTAINED BY THE ADVISORY BOARD, AND OTHERS, SUPPORT A PLETHORA OF MUSEUM INITIATIVES. PRIME EXAMPLES INCLUDE AIDING IN CONSERVATION, EXHIBITIONS, GALLERY TALKS, PANEL DISCUSSIONS, SYMPOSIA, FILM SCREENINGS AND FIRST SUNDAY FREE GALLERY PRIME. SOJOURNER TRUTH LIBRARY THROUGH A VARIETY OF FUNDRAISING ACTIVITIES, THE FRIENDS OF THE SOJOURNER TRUTH LIBRARY PROVIDE AN EXTRA MARGIN OF EXCELLENCE ABOVE AND BEYOND THAT WHICH CAN BE ACHIEVED THROUGH CONVENTIONAL INSTITUTIONAL FUNDING. SINCE ITS INCEPTION, THE FRIENDS HAVE CONTRIBUTED MORE THAN $350,000, WHICH ENABLES THE LIBRARY TO ENRICH ITS COLLECTION OF BOOKS AND OTHER MATERIALS ESSENTIAL TO LEARNING AND INQUIRY. A LARGE COLLECTION OF BOOKS, REFERENCE SETS, AUDIO AND VIDEO RECORDINGS, MUSICAL SCORES, AND ELECTRONIC INFORMATION MEDIA HAVE BEEN PURCHASED THROUGH THE GENEROSITY OF FRIENDS MEMBERS. THE FRIENDS ALSO FUND AN ANNUAL SUBSCRIPTION TO JSTOR, A PRESTIGIOUS RESEARCH DATABASE THAT PROVIDES ACCESS TO NUMEROUS SCHOLARLY JOURNALS IN A WIDE VARIETY OF DISCIPLINES. ENGINEERING ESTABLISHED IN 1995 BY LOUIS AND MILDRED RESNICK, PRIMARILY TO SUPPORT THE ENGINEERING PROGRAM AT NEW PALTZ, THE RESNICK ENGINEERING ENDOWMENT HAS ALLOWED THE DEPARTMENT OF ELECTRICAL AND COMPUTER ENGINEERING TO PURCHASE EQUIPMENT TO PROTOTYPE CIRCUIT BOARDS. A NEW COURSE CALLED "ELECTRONIC DESIGN AUTOMATION" WAS DESIGNED AROUND USING THIS EQUIPMENT AND PROVIDES STUDENTS WITH KEY SKILLS IN ELECTRICAL AND COMPUTER ENGINEERING. THE SCHOOL OF SCIENCE AND ENGINEERING'S AMBITIOUS 3D PRINTING INITIATIVE HAS ALSO GREATLY BENEFITED FROM THE GENEROSITY OF PRIVATE DONORS. THE HUDSON VALLEY ADVANCED MANUFACTURING CENTER AT SUNY NEW PALTZ WAS LAUNCHED IN MAY 2013, THANKS IN LARGE PART TO PRIVATE FINANCIAL SUPPORT FROM CENTRAL HUDSON GAS AND ELECTRIC CORPORATION (WHICH PLEDGED $250,000 TO THE PROJECT) AND HUDSON RIVER VENTURES PRESIDENT SEAN ELDRIDGE (WHO GAVE $250,000). FORM 990, PART VI, SECTION A, LINE 2 KAREN DORSKY AND NOAH DORSKY ARE SIBLINGS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE CHANGES TO THE GOVERNING BY-LAWS. KEY CHANGES: -ARTICLE II-PURPOSE REVISED TO MAKE THE LANGUAGE CONSISTENT WITH THE PURPOSES AS STATED IN THE CERTIFICATE OF INCORPORATION. -CLARIFICATION OF THE SECRETARY'S AND VICE PRESIDENT FOR DEVELOPMENT'S RESPONSIBILITIES. -EXPAND THE FINANCE COMMITTEE TO ENCOMPASS THE RESPONSIBILITIES OF AN INVESTMENT COMMITTEE. -CLARIFICATION OF THE AUDIT COMMITTEE'S RESPONSIBILITIES. -CLARIFICATION OF "OTHER COMMITTEES" AS COMMITTEES OF THE CORPORATION RATHER THAN COMMITTEES OF THE BOARD; UNLESS SPECIFICALLY DIRECTED BY THE BOARD OTHERWISE, COMMITTEES OF THE CORPORATION DO NOT HAVE THE POWER TO BIND THE BOARD AND THEREFORE CAN INCLUDE MEMBERS THAT ARE NOT BOARD DIRECTORS. -CLARIFICATION OF THE BOARD'S RESPONSIBILITY FOR REVIEWING COMPENSATION. -RELATED-PARTY TRANSACTIONS DEFINED AND THE PROCEDURE FOR ADDRESSING THESE TRANSACTIONS IS DEFINED. -THE MAXIMUM NUMBER OF DIRECTORS INCREASED FROM 35 TO 40. FORM 990, PART VI, SECTION B, LINE 11 EACH BOARD DIRECTOR AND MEMBERS OF THE AUDIT COMMITTEE RECEIVED AN ELECTRONIC COPY OF THE FORM 990 IN ADVANCE OF FILING AND HAD AN OPPORTUNITY TO REVIEW THE RETURN WITH MANAGEMENT ON AN INDIVIDUAL BASIS. THE FORM 990 HAS BEEN REVIEWED BY MANAGEMENT AND APPROVED FOR FILING WITH THE IRS. MEMBERS OF THE 990 REVIEW COMMITTEE RECOMMENDED TO THE FULL BOARD TO ACCEPT FORM 990 PRIOR TO FORM 990 BE SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS SUNY NEW PALTZ FOUNDATION OFFICERS, DIRECTORS AND STAFF MEMBERS. EACH SEPTEMBER, COVERED PERSONS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT AND ASKED TO RETURN THEIR COMPLETED DISCLOSURE STATEMENT TO THE FOUNDATION'S OFFICES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 ALTHOUGH COMPENSATION OF THE FOUNDATION'S EXECUTIVE DIRECTOR AND EMPLOYEES IS PAID BY SUNY NEW PALTZ, THE COMPENSATION OF THE COLLEGE EMPLOYEES IS DETERMINED PURSUANT TO LAWS OF THE STATE OF NEW YORK AND THE POLICIES OF THE SUNY BOARD OF TRUSTEES, SPECIFICALLY ARTICLE IX, TITLE B, SECTION 2 OF THEIR POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 990 AS WELL AS THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, FORM 1023, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST, IN THE FORMAT THE REQUESTOR PREFERS (ELECTRONIC, HARD COPY, OR INSPECTION AT THE SUNY NEW PALTZ FOUNDATION OFFICES). FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 102,008. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 105,000. TOTAL EXPENSES 207,008. STUDENT TEMPS: PROGRAM SERVICE EXPENSES 191. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 191. PART TIME STAFF: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 81,255. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,255. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -8,921. LOSS ON DISPOSAL OF ASSET 98. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. GOSHAWK LLC 1 HAWK DRIVE NEW PALTZ NY 12561 260341915 TO HOLD AND DEVELOP REAL ESTATE FOR THE BENEFIT OF SUNY NEW PALTZ NY 111371 2790638 SUNY NEW PALTZ FOUNDATION INC SUNY NEW PALTZ 1 HAWK DRIVE NEW PALTZ NY 12561 146013200 FOUR YEAR COLLEGE NY LINE 6 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0