2015-02-13T11:07:40-06:00 2014-06-30 346565596 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 4000 INDIANAPOLIS IN 46204 990 2013-07-01 467074121 VIRGIL AND PAULINE BROWN MEMORIAL TRUST C/O KANSAS UNIVERSITY ENDOWMENT ASSOC VIRG 7858327400 PO BOX 928 LAWRENCE KS 660440928 JEFFREY W DAVIS TREASURER 7858327400 2015-02-13 1 CHRISTOPHER BOGGS P00032493 3176817000 2013 2016-02-25 16:41:14Z DALE SEUFERLING PO BOX 928 LAWRENCE KS 660440928 34248 0 X N/A X 2013 KS TO PROVIDE SUPPORT FOR THE BENEFIT OF THE MEDICAL SCHOOL AT THE UNIVERSITY OF KANSAS. 1 1 0 0 0 0 660000 0 0 0 0 34248 0 0 660000 34248 0 20078 0 0 0 0 0 0 0 0 2028 0 22106 660000 12142 660000 719758 0 0 660000 719758 TO PROVIDE SUPPORT FOR THE BENEFIT OF THE MEDICAL SCHOOL AT THE UNIVERSITY OF KANSAS. 0 0 20078 20078 TO PROVIDE SUPPORT FOR SCHOLARSHIPS FOR MEDICAL STUDENTS AT THE UNIVERSITY OF KANSAS WHO PLAN TO BECOME FAMILY PHYSICIANS, PREFERABLY IN RURAL COMMUNITIES IN THE STATE OF KANSAS. 20078 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JEFFREY W DAVIS TREASURER 7858327400 1891 CONSTANT AVENUE LAWRENCE KS 660473743 X THE KANSAS UNIVERSITY ENDOWMENT ASS TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 34248 34248 34248 0 0 34248 20078 20078 2028 2028 22106 20078 2028 0 660000 12142 707616 660000 719758 0 0 X 660000 719758 660000 719758 660000 719758 12142 47616 0 X 0 0 0 X X X X 0 0 0 THE KS UNIVERSITY ENDOWMENT ASSN 480547734 5 1 1 1 20078 1 20078 1 KANSAS UNIVERSITY ENDOWMENT ASSN 1891 CONSTANT AVENUE LAWRENCE KS 66047 480547734 501(C)(3) 20078 TO PROVIDE SUPPORT FOR SCHOLARSHIPS FOR MEDICAL STUDENTS AT THE UNIVERSITY OF KANSAS MEDICAL SCHOOL 1 0 PART I, LINE 2: ALL GRANTS ARE AWARDED IN ACCORDANCE WITH THE TRUST DOCUMENTS WHICH OUTLINE THE AMOUNT AND NATURE OF THE ANNUAL GRANT. AS TRUSTEE, KU ENDOWMENT, MAINTAINS SEPARATE BOOKS AND RECORDS FOR THE TRUST IN ORDER TO PROPERLY ACCOUNT FOR THE ASSETS HELD BY THE TRUST. FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF REVIEW BY AN EXTERNAL TAX PREPARER, A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE EXECUTIVE COMMITTEE OF THE TRUSTEE, THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 12C AS THE TRUSTEE OF THE VIRGIL AND PAULINE BROWN MEMORIAL TRUST, THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION OPERATES UNDER A CONFLICT OF INTEREST POLICY, WHICH IS AS FOLLOWS: TO MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, UPON DISCLOSURE OF A CONFLICT OF INTEREST, THE CHAIR OF THE EXECUTIVE COMMITTEE SHALL, IF APPROPRIATE APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE EXECUTIVE COMMITTEE OR COMMITTEE SHALL DETERMINE WHETHER KU ENDOWMENT CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS 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 ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE EXECUTIVE COMMITTEE OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN KU ENDOWMENT'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO KU ENDOWMENT AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF THE EXECUTIVE COMMITTEE OR A STANDING COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A TRUSTEE HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE TRUSTEE OF THE BASIS FOR SUCH BELIEF AND AFFORD THE TRUSTEE AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE TRUSTEE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE EXECUTIVE COMMITTEE OR A STANDING COMMITTEE DETERMINES THAT THE TRUSTEE HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE VIRGIL AND PAULINE BROWN MEMORIAL TRUST'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY OF ITS TRUSTEE (THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION) ARE AVAILABLE UPON REQUEST AT 1891 CONSTANT AVENUE, LAWRENCE, KS 66047, 785-832-7400. THE INFORMATION MAY BE MAILED OR SENT ELECTRONICALLY IF REQUESTED. THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION PO BOX 928 LAWRENCE KS 660440928 480547734 UNIVERSITY OF KANSAS SUPPORT KS 501(C)(3) 5 N/A 0 THE KU ENDOWMENT CHARITABLE GIFT FUND PO BOX 928 LAWRENCE KS 660440928 200317170 SUPPORT FOR KU ENDOWMENT AND 501(C)(3)'S NAMED IN GOVERNING DOCUMENT. KS 501(C)(3) 11A, TYPE 1 N/A 0 LEON KARELITZ CHARITABLE TRUST PO BOX 928 LAWRENCE KS 660440928 616400249 SUPPORT FOR KU ENDOWMENT PURSUANT TO GOVERNING DOCUMENT. KS 501(C)(3) 11A, TYPE 1 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0