2015-03-29T14:27:33-05:00 2014-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2013-07-01 726020969 L S U FOUNDATION LSUF 2255783811 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 GINA M DUGAS CHIEF FINANCIAL OFFICER 2255784341 2015-03-26 1 RALPH STEPHENS P00638118 2259224600 2013 2016-02-25 16:41:14Z G LEE GRIFFIN 3838 W LAKESHORE DR BATON ROUGE LA 70808 257762802 0 X WWW.LSUFOUNDATION.ORG X 1960 LA THE MISSION OF THE LSU FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 24 24 85 24 0 -232171 32426470 65510882 0 0 35207178 19434704 1020446 1023354 68654094 85968940 19552115 27750059 0 0 5879998 6579779 0 0 4650572 9779441 10254781 35211554 44584619 33442540 41384321 564598236 640857889 128265097 139809286 436333139 501048603 X THE MISSION OF THE LSU FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 0 0 16109017 11601759 ACADEMIC AND RESEARCH ACTIVITIES: OPERATIONAL SUPPORT EXPENSES TO SUPPLEMENT STATE FUNDING AND AID THE 17 ACADEMIC COLLEGES OF THE UNIVERSITY, AS WELL AS THE LAW CENTER AND AGRICULTURAL CENTER, IN ACCOMPLISHING LSU'S MISSION. 4282208 3972202 CHAIRS AND PROFESSORSHIPS: EXPENSES TO DIRECTLY SUPPORT THE SCHOLARLY ACTIVITIES OF OVER 750 SPECIFICALLY DESIGNATED CHAIRS AND PROFESSORSHIPS AVAILABLE TO LSU'S DISTINGUISHED FACULTY. 4508990 4486311 SCHOLARSHIPS AND FELLOWSHIPS: FINANCIAL SUPPORT TO UNDERGRADUATE AND GRADUATE STUDENTS THROUGH APPROXIMATELY 1,600 AVAILABLE SCHOLARSHIPS AND FELLOWSHIPS. 10597582 7689787 OTHER PROGRAM SERVICES INCLUDE: (1) CAPITAL OUTLAY: ACQUISITION OF EQUIPMENT AND CONSTRUCTION OF FACILITIES FOR USE IN THE ACADEMIC AND RESEARCH ENDEAVORS OF THE UNIVERSITY (2) SALARY SUPPORT FOR ACADEMIC POSITIONS, (3) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS CHANCELLOR'S DISTINGUISHED LECTURE SERIES AND HOSTING VISITING SCHOLARS, (4) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (5) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (6) INSTITUTIONAL ADVANCEMENT. 10597582 7689787 35497797 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 X 141 0 85 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 24 24 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CO DC HI KY MD MA MI MN NH NJ NY OH OK OR PA SC UT WA WV WI AL CT FL GA IL KS ME MS MO NM NC ND RI TN VA X X GINA DUGAS 2255783811 3838 W LAKESHORE DR BATON ROUGE LA 70808 J LANIER YEATES DIRECTOR 1.00 X 0 0 0 CHARLES A LANDRY DIRECTOR 1.50 0.20 X 0 0 0 ROBERT H CROSBY III DIRECTOR 1.00 X 0 0 0 MARK K ANDERSON DIRECTOR 1.00 X 0 0 0 J HERBERT BOYDSTUN DIRECTOR 1.00 X 0 0 0 J TERRELL BROWN DIRECTOR 1.00 X 0 0 0 WILLIAM T FIRESHEETSII DIRECTOR 1.50 0.20 X 0 0 0 FRANK W HARRISON III DIRECTOR 1.50 0.20 X 0 0 0 LAURA A LEACH DIRECTOR 1.00 X 0 0 0 WILLIAM B OWENS DIRECTOR 1.00 X 0 0 0 JOHN F SHACKELFORD III DIRECTOR 1.00 X 0 0 0 SUE W TURNER DIRECTOR 1.00 X 0 0 0 BURTON D WEAVER JR DIRECTOR 1.00 X 0 0 0 FELIX R WEILL DIRECTOR 1.50 0.20 X 0 0 0 ROBERT M STUART JR DIRECTOR 1.50 0.20 X 0 0 0 DAVID B MEANS III DIRECTOR 1.50 0.20 X 0 0 0 THE HONORABLE W HENSON MOORE III DIRECTOR 1.50 0.20 X 0 0 0 SEAN REILLY DIRECTOR 1.50 0.20 X 0 0 0 JEFFREY N SPRINGMEYER DIRECTOR 1.50 0.20 X 0 0 0 MARTY PHILLIPS DIRECTOR 1.00 X 0 0 0 WILLIAM L SILVIA JR CORPORATE SECRETARY 1.00 0.30 X 0 0 0 LAURA L DAUZAT PAST CHAIRPERSON 1.50 0.20 X 0 0 0 T CASS GAIENNIE CHAIRPERSON-ELECT 1.50 0.20 X 0 0 0 G LEE GRIFFIN PRESIDENT & CEO 40.00 0.50 X 332552 0 10950 GARY L LABORDE CHAIRPERSON 2.00 0.50 X 0 0 0 CLARENCE P CAZALOT JR TREASURER 1.50 0.20 X 0 0 0 GINA M DUGAS CHIEF FINANCIAL OFFICER 40.00 2.00 X 194625 0 12791 JEFFERY L MCLAIN SENIOR VP FOR DEVELOPMENT 40.00 X 194380 0 20201 GEORGE T MOSS CHIEF INVESTMENT OFFICER 40.00 X 179700 0 8256 WILLIAM D DAVIS DIR OF STRATEGIC INIATIVES 40.00 X 164700 0 1950 ANN M MARMANDE-FRENZEL VP FOR DEVELOPMENT 40.00 X 124152 0 13756 YVETTE MARSH DIRECTOR OF TALENT MANAGEMENT 40.00 X 136700 0 4751 1326809 0 72655 7 0 1 0 SSA CONSULTANTS 9331 BLUEBONNET BLVD BATON ROUGE LA 70810 MANAGEMENT CONSULTANTS 201479 FUND EVALUATION GROUP PO BOX 71-5060 COLUMBUS OH 432715060 INVESTMENT CONSULTING 200669 RODEL PARSONS KOCH BLACHE BALHOFF & MCCO 8440 JEFFERSON HIGHWAY BATON ROUGE LA 70809 ATTORNEYS AT LAW 166883 ADAMS & REESE LLP DEPT 5208 PO BOX 2153 BIRMINGHAM AL 352875208 ATTORNEYS AT LAW 150000 4 265285 65245597 3963011 65510882 1993124 1993124 41192 41192 188795710 171354130 17441580 17441580 17441580 237068 265285 439732 -202664 -202664 FUND MANAGEMENT FEES 541900 1184826 1184826 1184826 85968940 1184826 0 19273232 27750059 27750059 1652670 909847 742823 4004419 1619839 2384580 118329 47148 71181 458070 208934 249136 346291 152368 193923 154910 154910 60100 60100 321475 321475 1215081 1102842 57213 55026 152267 152267 709588 440142 123781 145665 302242 273604 28638 187109 158406 28703 943841 879403 19611 44827 181324 39055 142269 12173 12173 1510192 1510192 39944 39944 186619 186619 OFFICIAL UNIV. FUNCTION 1960453 1960453 UNIVERSITY SUPPORT 1842533 1842533 DEVELOPMENT/PROMOTION 376011 376011 DUES AND SUBSCRIPTIONS 83317 47794 35523 15602 15602 44584619 35497797 4436250 4650572 15720644 27091156 13754640 40696680 747093 206753 115907 91382 33250 0 7849674 1351320 4909877 6498354 325571248 379971030 182736658 167017814 21008919 19284720 564598236 640857889 3449702 4166694 5595000 4970000 704483 180000 118515912 130492592 128265097 139809286 X 36920269 40560371 185288054 241875432 214124816 218612800 436333139 501048603 564598236 640857889 41384321 23331143 0 X X 0 1 X 1 0 X 31561414 30346130 25492232 32426470 65510882 185337128 31561414 30346130 25492232 32426470 65510882 185337128 10301217 175035911 5255943 4267718 6373689 7031957 2034316 24963623 210300751 7363969 0.83230 0.72210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23123 4227043 X X X X X COMMUNITY EDUCATIONAL PROGR 1 309096144 7316066 17773310 5618047 0 328567473 285053783 7594770 21454050 5197468 -191009 309096144 290234027 11030519 -15902365 308398 285053783 233568579 11577812 50027252 4939616 290234027 202776443 5975663 38723691 13907218 233568579 0.02760 0.66540 0.30700 0 0 2180425 2180425 1322206 1252986 69220 4347043 98334 4248709 6498354 COMMINGLED FUNDS 18014305 F PRIVATE EQUITY 46440186 F HEDGED FUNDS 90417454 F ROYALTY INTERESTS 154084 F GROUP VARIABLE ANNUITY 11991785 F 167017814 FUNDS MANAGED FOR OTHER ENTITIES 129951806 OTHER CURRENT LIABILITIES 214687 COMPENSATED ABSENCES PAYABLE 326099 130492592 X PART III, LINE 4: THE MAIN COLLECTIONS OWNED BY THE LSU FOUNDATION CONSIST OF ARTWORK AND HISTORICAL ITEMS ON DISPLAY AND IN THE CUSTODY OF LSU'S MUSEUM OF ART, A COMPONENT UNIT WHICH FURTHERS THE PUBLIC SERVICE MISSION OF THE UNIVERSITY. THE MUSEUM OF ART'S DIVERSE PERMANENT COLLECTION INCLUDES SIGNIFICANT PORTRAITURE AND DECORATIVE ARTS, NEWCOMB POTTERY, AND CHINESE JADE FROM THE CHI QING DYNASTY. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS PROVIDE FINANCIAL SUPPORT IN FURTHERANCE OF THE ACADEMIC AND RESEARCH COMPONENTS OF THE UNIVERSITY'S MISSION, INCLUDING SCHOLARSHIPS, GRADUATE ASSISTANTSHIPS AND FELLOWSHIPS, AND FACULTY CHAIRS AND DISTINGUISHED PROFESSORSHIPS. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE INCLUDED IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2011. EAST ASIA AND THE PACIFIC FUNDRAISING SOUTH AMERICA FUNDRAISING MIDDLE EAST AND NORTH AFRICA FUNDRAISING NORTH AMERICA FUNDRAISING CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 116427546 EUROPE FUNDRAISING SUB-SAHARAN AFRICA FUNDRAISING 0 0 0 0 0 0 116427546 0 116427546 1 0 0 1 1 0 FORM 990, SCHEDULE F, PART I, LINE 3 LSU FOUNDATION RECEIVES DONATIONS FROM DONORS WHO RESIDE IN FOREIGN COUNTRIES. THERE ARE NO EXPENSES ASSOCIATED WITH THESE DONATIONS. THE FOLLOWING IS A LIST OF THE REGIONS AND THE AMOUNTS RECEIVED FROM EACH REGION: 1) EAST ASIA AND THE PACIFIC - $2,550 2) MIDDLE EAST AND NORTH AFRICA - $840 3) NORTH AMERICA (NOT INCLUDING UNITED STATES) - $31,224 4) SOUTH AMERICA - $415 5) EUROPE - $1,155 6) SUB-SAHARAN AFRICA - $100 GOLF TOURNAMENT 62800 41225 21575 18257 12960 9958 809 MASS COMM CENTENNIAL 45195 18700 26495 2903 13224 38897 7000 18345 26 394358 205360 188998 11692 58022 124375 16872 106418 502353 265285 237068 32852 84206 173230 23872 125572 439732 -202664 1 LOUISIANA STATE UNIVERSITY 204 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 501(C)(3) 27750059 0 UNIVERSITY ACADEMIC AND RESEARCH SUPPORT, INCLUDING SCHOLARSHIPS, GRADUATE FELLOWSHIPS AND FACULTY CHAIRS AND PROFESSORSHIPS. 1 0 PART I, LINE 2: THE LSU FOUNDATION PROVIDES GRANTS OR ASSISTANCE, IN ACCORDANCE WITH ITS STATED MISSION, TO LOUISIANA STATE UNIVERSITY, THE LSU PAUL M. HEBERT LAW CENTER, THE LSU AGRICULTURAL CENTER AND THE LSU SYSTEM OFFICE, IN THE FORM OF REIMBURSEMENTS OF EXPENSES MADE IN SUPPORT OF THE BENEFICIARY PURPOSES FOR WHICH PRIVATE FUNDS WERE CONTRIBUTED TO THE FOUNDATION. THE UNIVERSITY IS PROVIDED WITH THE BALANCE OF FUNDS AVAILABLE IN FOUNDATION ACCOUNTS FOR SPECIFIC RESTRICTED PURPOSES. ON A MONTHLY BASIS, THE UNIVERSITY PROVIDES THE FOUNDATION WITH A REPORT OF THE EXPENSES MADE IN SUPPORT OF THOSE SPECIFIC PURPOSES TO BENEFIT THE UNIVERSITY; ON PRESENTATION OF THIS REPORT, THE FOUNDATION REIMBURSES THOSE EXPENSES AS A GRANT OF ASSISTANCE TO THE UNIVERSITY. THE UNIVERSITY MAKES AVAILABLE TO THE FOUNDATION ALL DOCUMENTATION IN SUPPORT OF INDIVIDUAL ITEMS OF EXPENSE, AND THIS DOCUMENTATION IS ALSO MADE AVAILABLE TO THE FOUNDATION'S EXTERNAL AUDITORS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 G LEE GRIFFIN PRESIDENT & CEO 320552 0 0 0 12000 0 10200 0 750 0 343502 0 0 0 GINA M DUGAS CHIEF FINANCIAL OFFICER 187425 0 0 0 7200 0 7888 0 4903 0 207416 0 0 0 JEFFERY L MCLAIN SENIOR VP FOR DEVELOPMENT 187180 0 0 0 7200 0 8168 0 12033 0 214581 0 0 0 GEORGE T MOSS CHIEF INVESTMENT OFFICER 172500 0 0 0 7200 0 7208 0 1048 0 187956 0 0 0 WILLIAM D DAVIS DIR OF STRATEGIC INIATIVES 157500 0 0 0 7200 0 1200 0 750 0 166650 0 0 0 A LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546398FJ2 2003-04-30 31555000 SEE PART VI 0 0 0 A 12725000 220000 10301523 2203477 2004 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 1 0 A 0 FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F): THE LSU FOUNDATION WAS ONE OF SEVERAL PARTICIPANTS BORROWING THE PROCEEDS OF TAX-EXEMPT REVENUE BONDS TOTALLING $31,555,000 ISSUED BY THE LOUISIANA PUBLIC FACILITIES AUTHORITY IN 2003. THE FOUNDATION'S PORTION TOTALLED $12,725,000. FORM 990, SCHEDULE K, PART II, LINE 12: IN 2007, THE FOUNDATION REPAID UNSPENT FUNDS PLUS EARNINGS ON THOSE FUNDS OF $2,531,958.42. FORM 990, SCHEDULE K, PART IV, LINE 1: PER ARTICLE III, SECTION 3.2 OF THE LOAN AGREEMENT, THE BONDS WILL NOT CONSTITUTE ARBITRAGE BONDS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. FORM 990, SCHEDULE K, PART IV, LINE 5: UNSPENT FUNDS WERE HELD SLIGHTLY BEYOND THE 3 YEAR TEMPORARY PERIOD; HOWEVER, THE UNSPENT FUNDS, PLUS INTEREST EARNED ON THOSE FUNDS, WERE REPAID. SCHEDULE K, PART IV, LINE 6: PROCEEDS INVESTED BEYOND A TEMPORARY PERIOD UNSPENT FUNDS WERE HELD SLIGHTLY BEYOND THE 3 YEAR TEMPORARY PERIOD; HOWEVER, THE UNSPENT FUNDS, PLUS INTEREST EARNED ON THOSE FUNDS, WERE REPAID. ROBERT M STUART JR BOARD MEMBER 12174 (D) DESCRIPTION OF TRANSACTION:ROBERT M. STUART, JR. IS THE LOUISIANA PRESIDENT OF CAPITAL ONE BANK, WHICH HAS FACILITATED DEBT FINANCING ARRANGEMENTS APPROXIMATING $20 MILLION AS OF JUNE 30, 2014, INVOLVING LSU FOUNDATION. MR. STUART WAS NOT, HOWEVER, A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS WHEN THIS DEBT FINANCING WAS APPROVED NOR WHEN THE FINANCING ARRANGEMENTS WERE EXECUTED. A NEW LOAN WAS ORIGINATED JANUARY 19, 2010 IN THE AMOUNT OF $2.7 MILLION. MR. STUART WAS A BOARD MEMBER AT THE TIME OF THIS TRANSACTION, BUT ABSTAINED FROM PARTICIPATING IN ANY DISCUSSIONS OR NEGOTIATIONS SURROUNDING THESE FINANCING ARRANGEMENTS. MR. STUART ALSO ABSTAINED FROM VOTING ON ITEMS RELATED TO SUCH TRANSACTIONS. LSU FOUNDATION HAS PAID APPROXIMATELY $12,174 IN INTEREST TO CAPITAL ONE BANK DURING THE FISCAL YEAR ENDED JUNE 30, 2014. 0 X 1 4725 OPINION OF EXPERTS X 70 3940781 MARKET PRICE X 69 14476 OPINION OF EXPERTS X EVENT 1 2300 MARKET VALUE X PARKING PASSE 3 730 MARKET VALUE 1 0 1 1 PART I, LINE 32B: LSU FOUNDATION HIRES THE FOLLOWING TO SELL NON-CASH CONTRIBUTIONS: 1) REAL ESTATE AGENTS - SELL DONATED REAL ESTATE, WHEN APPLICABLE 2) STOCK BROKERS - SELL DONATED STOCK THROUGH BROKERAGE ACCOUNTS 3) AUCTION HOUSES - SELL DONATED ART FORM 990 PART V QUESTION 4B LSU FOUNDATION DOES NOT OWN 50% OR MORE OF THE PROFITS OR CAPITAL OF THE FOREIGN PARTNERSHIPS IN WHICH IT IS INVESTED; ALSO, LSU FOUNDATION DOES NOT HAVE SIGNATURE AUTHORITY OVER THE FOREIGN FUNDS; THEREFORE, THE FOUNDATION IS NOT REQUIRED TO FILE FORM TD F 90-22.1 FOR THE FISCAL YEAR ENDED JUNE 30, 2014. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO CHANGE THE COMPOSITION OF THE EXECUTIVE COMMITTEE TO THE FOLLOWING MEMBERS: (A) CHAIRPERSON OF THE BOARD, (B) CHAIRPERSON-ELECT OF THE BOARD, (C) IMMEDIATE PAST CHAIRPERSON OF THE BOARD, (D) PRESIDENT AND CEO (EX-OFFICIO), (E) SECRETARY, (F) TREASURER, (G) PRESIDENT AND CHANCELLOR OF LSU, (H) CHANCELLOR OF THE AGCENTER (EX-OFFICIO), (I) CHANCELLOR OF THE LAW CENTER (EX-OFFICIO), (J) CHAIRPERSON OF THE FINANCE COMMITTEE, (K) CHAIRPERSON OF THE DEVELOPMENT AND MEMBERSHIP COMMITTEE, (L) CHAIRPERSON OF THE NOMINATING COMMITTEE, (M) CHAIRPERSON OF THE GOVERNANCE COMMITTEE, (N) CHAIRPERSON OF THE AUDIT COMMITTEE, (O) CHAIRPERSON OF THE STRATEGIC PLANNING COMMITTEE, AND (P) CHAIRPERSON OF THE INVESTMENT COMMTITEE. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE BOARD OF DIRECTORS OF THE LSU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE CFO REVIEWS THE FORM 990 WITH THE AUDIT COMMITTEE. THE CFO PROVIDES A COPY OF THE FORM 990 TO THE ENTIRE BOARD OF DIRECTORS AND SEEKS COMMENT AND FEEDBACK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS COMPLETE A DISCLOSURE STATEMENT QUESTIONNAIRE ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO PROVIDE INFORMATION ON ENTITIES FOR WHICH THEY ARE BOARD MEMBERS, PARTNERS, OFFICERS, OR PRINCIPAL OWNERS. THE FOUNDATION LEGAL COUNSEL REVIEWS SUCH DISCLOSURE STATEMENTS FOR IDENTIFICATION OF POTENTIAL CONFLICTS. ALSO, PRIOR TO EXECUTION OF ALL CONTRACTS, THE FOUNDATION REQUIRES THE VENDOR TO COMPLETE A DISCLOSURE STATEMENT LISTING THE PRINCIPALS FOR THE CONTRACT. THESE VENDOR DISCLOSURE STATEMENTS ARE COMPARED TO THE DISCLOSURES PROVIDED BY BOARD MEMBERS AND OFFICERS AND REVIEWED TO DETERMINE IF ANY POTENTIAL CONFLICTS OF INTEREST EXIST. LEGAL COUNSEL ADDRESSES ANY CONCERNS BROUGHT TO HIM REGARDING POTENTIAL CONFLICTS OF INTEREST WITH THE BOARD OF DIRECTORS. ADDITIONALLY, THE BOARD PERIODICALLY PERFORMS A DETAILED REVIEW OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION GATHERED EXTERNAL, INDEPENDENT SALARY SURVEYS OF EXECUTIVE COMPENSATION FOR RELEVANT PEER GROUPS. THE FOUNDATION'S EXECUTIVE COMMITTEE REVIEWED AND DISCUSSED THE SURVEYS DURING EXECUTIVE SESSION IN CONJUNCTION WITH AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS. THE EXECUTIVE COMMITTEE MINUTES REFLECT THE PROCESS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE FILED WITH THE LOUISIANA SECRETARY OF STATE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PREVIOUS FORM 990. CARY ESTATE PROPERTY - SURFACE LLC 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 463195212 INVESTMENT LA 1921985 1667114 L S U FOUNDATION CARY ESTATE PROPERTY - WORKING INTERESTS LLC 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 463203356 INVESTMENT LA 27128 0 L S U FOUNDATION CARY ESTATE PROPERTY - NON-WORKING INTERESTS LLC 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 463210371 INVESTMENT LA 15654 0 L S U FOUNDATION LSU PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 721295979 FOSTER SUPPORT VIA GIFTS OF REAL ESTATE & EQUIP. FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 5 N/A 0 LSU MARINE PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 710865718 FOSTER SUPPORT VIA GIFTS OF MARINE VESSELS FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LSU PROPERTY FOUNDATION B 1615890 CASH LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION N LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION O LSU PROPERTY FOUNDATION D 4970000 LOAN VALUE