2015-02-16T12:16:34-06:00 2014-06-30 560747981 DIXON HUGHES GOODMAN LLP PO BOX 1556 MORGANTOWN WV 265071556 990 2013-07-01 556017181 WEST VIRGINIA UNIVERSITY FOUNDATION INC WEST 3042844000 ONE WATERFRONT PLACE 7TH FLOOR MORGANTOWN WV 265071650 MICHAEL E AUGUSTINE COO/CFO 3042844000 2015-02-16 1 SUSAN S DULL P00233523 3042927343 2013 2016-02-25 16:41:14Z CYNTHIA L ROTH ONE WATERFRONT PLACE MORGANTOWN WV 26507 233014319 0 X WWW.WVUF.ORG X 1954 WV TO SUPPORT AND BENEFIT WEST VIRGINIA UNIVERSITY AND ITS AFFILIATED ORGANIZATIONS. 23 22 177 23 19965 0 74460418 72739663 2757993 2691847 37545660 46984066 792261 373729 115556332 122789305 15502848 17132990 0 0 20405095 18752672 0 0 6662875 27284762 37729717 63192705 73615379 52363627 49173926 1245464811 1437355409 572797460 664699987 672667351 772655422 X THE MISSION OF THE WVU FOUNDATION IS TO ENRICH THE LIVES OF THOSE TOUCHED BY WEST VIRGINIA UNIVERSITY BY MAXIMIZING PRIVATE CHARITABLE SUPPORT AND PROVIDING SERVICES TO THE UNIVERSITY AND ITS AFFILIATED ORGANIZATIONS. 0 0 17132990 17132990 THE ORGANIZATION UTILIZES PRIVATE FUNDING TO SUPPORT STUDENTS WITHIN MULTIPLE SCHOOLS, COLLEGES, AND DEPARTMENTS ACROSS CAMPUS; THE MOST SIGNIFICANT OF WHICH WERE THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS, THE EBERLY COLLEGE OF ARTS AND SCIENCES, THE COLLEGE OF AGRICULTURE, NATURAL RESOURCES AND DESIGN, AND THE STATLER COLLEGE OF ENGINEERING AND MINERAL RESOURCES. SCHOLARSHIP AMOUNTS INCLUDE TUITION, BOOKS, AND ROOM AND BOARD. SCHOLARSHIP AMOUNTS ARE UTILIZED ACROSS CAMPUS TO HELP RECRUIT NATIONALLY PROMINENT STUDENTS AS WELL AS PROVIDE FUNDING SUPPORT TO GIVE OTHER STUDENTS THE OPPORTUNITY TO PURSUE AN ACADEMIC CAREER AT THE HIGHEST LEVEL. 10624240 THE ORGANIZATION UTILIZES PRIVATE FUNDING TO SUPPORT MULTIPLE SCHOOLS, COLLEGES, AND DEPARTMENTS IMPACTING ALL LEVELS OF THE CAMPUS. AMOUNTS FUNDED IN THIS AREA ARE PRIMARILY UTILIZED TO ENHANCE SALARY LEVELS THEREBY POSITIONING WEST VIRGINIA UNIVERSITY TO BE MORE COMPETITIVE IN ATTRACTING AND RETAINING TALENTED INDIVIDUALS WITHIN THE ACADEMIC, ADMINISTRATIVE, AND RESEARCH FIELDS. THE HEALTH SCIENCES CAMPUS WAS THE PRIMARY BENEFICIARY OF FUNDED SALARIES; HOWEVER, VIRTUALLY EVERY ACADEMIC DEPARTMENT, AS WELL AS THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS, RECEIVED FUNDING FOR THIS CRITICAL FUNCTION. 18460869 THE ORGANIZATION UTILIZES PRIVATE FUNDING TO SUPPORT CAPITAL PROJECT INITIATIVES ACROSS CAMPUS. FOR THE CURRENT FISCAL YEAR, THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS RECEIVED FUNDING FROM THE ORGANIZATION TO SUPPORT A VARIETY OF CAPITAL INITIATIVES. 15609977 3147944 THE ORGANIZATION HAS OTHER DISBURSEMENTS IN DIRECT SUPPORT OF WEST VIRGINIA UNIVERSITY, INCLUDING FACULTY AND STAFF TRAVEL FOR EDUCATIONAL PURPOSES, CLASSROOM, LABORATORY, AND OFFICE SUPPLIES, EDUCATIONAL MATERIALS, ETC. 15609977 3147944 61828076 1 1 0 0 0 0 0 0 0 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 1 295 0 177 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X JEFFREY K DUNN 3042844000 ONE WATERFRONT PLACE 7TH FLOOR MORGANTOWN WV 26507 X GREGORY C BABE DIRECTOR (JUNE 2014) 2.00 X 0 0 0 W MARSTON BECKER DIRECTOR 2.00 X 0 0 0 IRENE C BERGER DIRECTOR (FEB. 2014) 2.00 X 0 0 0 SUSAN S BREWER DIRECTOR 2.00 X 0 0 0 MARCIA A BROUGHTON SECRETARY 2.00 X X 0 0 0 JAMES H CHAMBERLAIN DIRECTOR 2.00 X 0 0 0 JOHN B GIANOLA DIRECTOR 2.00 X 0 0 0 JOHN C HARMON DIRECTOR 2.00 X 0 0 0 PATRICE HARRIS DIRECTOR 2.00 X 0 0 0 PETER J KALIS DIRECTOR 2.00 X 0 0 0 EG KEN KENDRICK JR DIRECTOR 2.00 X 0 0 0 PAMELA M LARRICK DIRECTOR 2.00 X 0 0 0 J FRANKLIN LONG DIRECTOR 2.00 X 0 0 0 WILLIAM H MCCARTNEY DIRECTOR 2.00 X 0 0 0 ROBERT A MCMILLAN DIRECTOR 2.00 X 0 0 0 ROBERT H MCNABB DIRECTOR (AUGUST 2013) 2.00 X 0 0 0 ROBERT O ORDERS JR DIRECTOR 2.00 X 0 0 0 GARY R PELL VICE CHAIR 2.00 X X 0 0 0 VERL O PURDY DIRECTOR 2.00 X 0 0 0 ROBERT L REYNOLDS CHAIR 2.00 X X 0 0 0 ROBERT D RUFFOLO JR DIRECTOR (AUGUST 2013) 2.00 X 0 0 0 JOAN CORSON STAMP ASST. SECRETARY 2.00 X X 0 0 0 BENJAMIN M STATLER DIRECTOR 2.00 X 0 0 0 FRED T TATTERSALL DIRECTOR 2.00 X 0 0 0 DOUGLAS R VAN SCOY DIRECTOR 2.00 X 0 0 0 MIKKI VAN WYK DIRECTOR (FEB. 2014) 2.00 X 0 0 0 ALAN J ZUCCARI DIRECTOR 2.00 X 0 0 0 R WAYNE KING PRESIDENT & CEO; THROUGH 12.31.2013 45.00 X X 336014 0 54987 CYNTHIA L ROTH PRESIDENT & CEO; STARTED 1.1.2014 45.00 X X 0 0 0 MICHAEL E AUGUSTINE VP FINANCE & CFO 45.00 X 187636 0 33664 MARK W COTTRILL VP TECHNOLOGY & FACILITIES 45.00 X 135170 0 29440 D LYN DOTSON VP DEVELOPMENT 45.00 X 200229 0 29735 JEFFREY K DUNN ASSISTANT TREASURER 45.00 X 131050 0 30412 RICHARD KRAICH VP INVESTMENTS & CIO 45.00 X 388970 0 41925 JULIA PHALUNAS VP DEVELOPMENT 45.00 X 165797 0 33544 TIMOTHY BOLLING ASSOCIATE VP, DEVELOPMENT 45.00 X 122169 0 29583 RICHARD BRIAN CALDWELL ASSISTANT VP, INVESTMENTS 45.00 X 131224 0 29719 JENNIFER CUNANAN ASSOCIATE VP, INVESTMENTS 45.00 X 182120 0 30452 MATTHEW BORMAN SENIOR ASSOCIATE ATHLETIC DIRECTOR 45.00 X 108691 0 27181 DEBORAH MILLER SR DIR OF PLANNED GIVING 45.00 X 110551 0 19661 2199621 0 390303 12 0 1 0 THE CARLYLE GROUP 520 MADISON AVE 41ST FL NEW YORK NY 10022 INVESTMENT MANAGER 467954 STATE STREET BANK & TRUST 2 AVENUE DELAFAYETTE 6TH FLOOR BOSTON MA 02111 INVESTMENT MANAGER 331402 DIXON HUGHES GOODMAN LLP PO BOX 1556 MORGANTOWN WV 26507 ACCOUNTING 164982 BLACKBAUDINC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE CONSULTING 155085 NCH CAPITAL INC 712 FIFTH AVENUE NEW YORK NY 10019 INVESTMENT MANAGER 153667 8 396167 3322332 69021164 5351535 72739663 AGENCY FEES 611710 2127392 2127392 CONTRACTUAL AGREEMENTS 611710 513796 513796 STUDENT LOAN INTEREST 611710 50659 50659 2691847 19875217 19965 19855252 104011 104011 2059745 1603648 456097 456097 456097 135260830 108151981 27108849 27108849 27108849 283006 396167 469385 -186379 -186379 122789305 3147944 19965 46881733 17132990 17132990 1603775 876876 726899 13194117 8499331 1920922 2773864 683197 64079 265173 353945 2762033 2011853 322908 427272 509550 48206 197597 263747 149034 27628 60258 61148 134577 5525 129052 1745648 1612992 132656 2219127 1616895 297142 305090 613409 362063 27028 224318 2868848 2485704 143116 240028 531206 178865 150959 201382 1131367 688218 193940 249209 2343463 2163177 59086 121200 3558393 2910231 100532 547630 283460 121408 162052 204721 120258 79372 5091 CAPITAL PROJECTS 18460869 18460869 PROVISION FOR LOSSES 2014645 2014645 1470950 1424547 46403 73615379 61828076 5124428 6662875 250 251 22444566 23756781 48070475 48670719 977174 1129865 2731835 2743015 215840 180432 33768480 15069763 19790295 18698717 685226854 834472595 429666535 468566624 36340987 39136410 1245464811 1437355409 4110537 4567038 5577221 2254889 3000000 3000000 23063131 22168320 10000000 10000000 527046571 622709740 572797460 664699987 X 21515276 36563158 243991507 304591782 407160568 431500482 672667351 772655422 1245464811 1437355409 X 49173926 50843524 -29379 X X 0 1 X 1 0 X 66923338 76044824 87157850 74460418 72739663 377326093 66923338 76044824 87157850 74460418 72739663 377326093 32950291 344375802 10632703 12156162 14517935 17203141 22089632 76599573 453925666 12689664 0.75870 0.76130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 452710666 19624586 76241801 26723827 6884613 514968613 403579846 25992079 49052563 17921161 7992661 452710666 380977888 47745631 145116 17926249 7362540 403579846 310607045 32359111 61622353 16406033 7204588 380977888 274511000 13282000 29077000 8035000 4496000 304339000 0.01570 0.98430 1 0 1610860 1610860 28773734 12468619 16305115 67624 18004 49620 927532 452669 474863 2388730 2130471 258259 18698717 HEDGE FUNDS 3310186 F PRIVATE CAPITAL 112795731 F NATURAL RESOURCES 63152962 F REAL ESTATE FUNDS 38175314 F OTHER 8545966 F FIXED INCOME 134817253 F DOMESTIC EQUITY 36324808 F DISTRESSED DEBT 28465393 F VENTURE CAPITAL 42979011 F 468566624 ACCRUED SUPPLEMENTAL RETIREMENT BENEFITS 4097994 FUNDS HELD IN CUSTODY FOR OTHERS 606904279 ANNUITIES PAYABLE 11707467 622709740 X 174135427 50843524 50843524 123291903 1570435 -2073033 -502598 122789305 72103332 58388 58388 72044944 1570435 1570435 73615379 PART V, LINE 4: ASSETS AND CONTRIBUTIONS FOR WHICH THE DONOR STIPULATES THAT RESOURCES BE MAINTAINED PERMANENTLY ARE CONSIDERED ENDOWMENT FUNDS. SUCH ASSETS ARE COMPRISED OF ENDOWMENTS, WHICH ARE SUBJECT TO THE RESTRICTIONS OF GIFT INSTRUMENTS REQUIRING THAT THE FUND BE INVESTED IN PERPETUITY. SPENDING FROM THE FUND IS GOVERNED BY THE ORGANIZATION'S SPEND POLICY AS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. PART X, LINE 2: THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2014. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 -469,385. RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 -1,603,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE ON FORM 990 469,385. RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 1,603,648. LOSS PROVISION -2,014,645. CENTRAL AMERICA & CARRIBEAN VARIOUS PARTNERSHIP INTERESTS 5990380 EUROPE VARIOUS PARTNERSHIP INTERESTS 9753658 NORTH AMERICA VARIOUS PARTNERSHIP INTERESTS 5535243 EAST ASIA & THE PACIFIC VARIOUS PARTNERSHIP INTERESTS 1641290 MIDDLE EAST AND NORTH AFRICA VARIOUS PARTNERSHIP INTERESTS 2538474 SUB-SAHARAN AFRICA VARIOUS PARTNERSHIP INTERESTS 4812678 0 0 0 0 0 0 30271723 0 30271723 1 0 0 1 1 0 CANCER CTR EVENTS 246902 171657 75245 1095 5969 83 74461 18350 30341 ATHLETIC EVENTS 279221 167472 111749 1625 9748 33641 156218 2000 57439 5 153050 57038 96012 16059 4281 40614 3150 14311 679173 396167 283006 2720 31776 38005 271293 23500 102091 469385 -186379 1 WEST VIRGINIA UNIVERSITY PO BOX 6201 MORGANTOWN WV 26506 556000842 501(C)3 17132990 TO SUPPORT STUDENTS OF WEST VIRGINIA UNIVERSITY 1 0 PART I, LINE 2: THE ORGANIZATION REMITS FUNDS TO WEST VIRGINIA UNIVERSITY ONLY UPON THE RECEIPT OF INVOICES/REQUESTS FOR PAYMENT APPROVED BY THE APPROPRIATE BUDGET OFFICER. PRIOR TO REMITTING THE FUNDS TO WEST VIRGINIA UNIVERSITY, THE ORGANIZATION'S STAFF REVIEWS THE AUTHORIZED REQUEST TO ENSURE THAT THE REQUEST COMPLIES WITH FUND RESTRICTIONS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 R WAYNE KING PRESIDENT & CEO; THROUGH 12.31.2013 306164 0 0 0 29850 0 43000 0 11987 0 391001 0 0 0 MICHAEL E AUGUSTINE VP FINANCE & CFO 187084 0 0 0 552 0 19183 0 14481 0 221300 0 0 0 MARK W COTTRILL VP TECHNOLOGY & FACILITIES 134138 0 0 0 1032 0 14135 0 15305 0 164610 0 0 0 D LYN DOTSON VP DEVELOPMENT 195705 0 0 0 4524 0 21757 0 7978 0 229964 0 0 0 JEFFREY K DUNN ASSISTANT TREASURER 130018 0 0 0 1032 0 15125 0 15287 0 161462 0 0 0 RICHARD KRAICH VP INVESTMENTS & CIO 266778 0 121160 0 1032 0 25500 0 16425 0 430895 0 0 0 JULIA PHALUNAS VP DEVELOPMENT 164213 0 0 0 1584 0 18837 0 14707 0 199341 0 0 0 TIMOTHY BOLLING ASSOCIATE VP, DEVELOPMENT 121449 0 0 0 720 0 14013 0 15570 0 151752 0 0 0 RICHARD BRIAN CALDWELL ASSISTANT VP, INVESTMENTS 130984 0 0 0 240 0 13650 0 16069 0 160943 0 0 0 JENNIFER CUNANAN ASSOCIATE VP, INVESTMENTS 143108 0 38796 0 216 0 19175 0 11277 0 212572 0 0 0 PART I, LINE 1A THE PRESIDENT WAS PROVIDED TRAVEL FOR HIS SPOUSE AND THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. FOR THE TAXABLE PORTION OF THE BENEFIT, THE PRESIDENT RECEIVED GROSS-UP PAYMENTS FROM THE ORGANIZATION. WVU FOUNDATION MAINTAINS A MEMBERSHIP WITH A LOCAL SOCIAL CLUB FOR USE BY THE PRESIDENT WHICH WAS USED EXCLUSIVELY FOR BUSINESS PURPOSES, AND THEREFORE WAS NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B THE NONQUALIFIED PLAN FOR R. WAYNE KING REPORTED IN SCHEDULE J, PART II, COLUMN C, IS INCLUDED IN HIS RETIREMENT AND OTHER COMPENSATION AND IS PART OF HIS CONTRACT WITH THE ORGANIZATION. X 111 2334783 FMV X 2 764219 APPRAISAL X EXTERNAL TRUS 3 1391113 FMV X LIFE INSURANC 1 861420 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 ANNUALLY, THE MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION REVIEW THE FORM 990 AFTER COMPLETION OF THE FORM BY MANAGEMENT WITH THE ASSISTANCE, GUIDANCE, AND REVIEW OF THE INDEPENDENT ACCOUNTING FIRM. THE MEMBERS EACH RECEIVE A COMPLETE COPY OF THE FORM 990 AND ALL SCHEDULES PRIOR TO THE MEETING SO THAT THEY HAVE AN OPPORTUNITY TO REVIEW. DURING THE MEETING, THE ACCOUNTING FIRM AND MANAGEMENT STAFF REVIEW THE RETURN AND ANSWER QUESTIONS. ITEMS REQUIRING FURTHER REVIEW OR ADDITIONAL INFORMATION ARE NOTED AND CHANGES ARE MADE TO THE RETURN. ADDITIONALLY, PRIOR TO FILING THE FORM 990, THE AUDIT COMMITTEE REPORTS ITS REVIEW TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND A COPY OF THE FORM IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH EMPLOYEE AND BOARD MEMBER IS ASKED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE INDIVIDUAL THEN MUST COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY FORM. COMPLETED EMPLOYEE FORMS ARE SUBMITTED TO THE ORGANIZATION'S DIRECTOR OF HUMAN RESOURCES, WHILE THE COMPLETED BOARD MEMBER FORMS ARE SUBMITTED TO THE ORGANIZATION'S PRESIDENT. ALL FORMS RECEIVED BY THE DIRECTOR OF HUMAN RESOURCES AND THE ORGANIZATION'S PRESIDENT ARE REVIEWED AND EVALUATED. ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST AND RELATED CONCLUSIONS ARE REPORTED BY THE PRESIDENT AND CEO, ANNUALLY, TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE POLICY ADDRESSES THE FOLLOWING SITUATIONS: 1) THE NAMES OF ANY PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. 2) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. THE PRESIDENT AND CEO SHALL CONSULT WITH THE CHAIRMAN OF THE BOARD AND THE EXECUTIVE COMMITTEE AS APPROPRIATE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE INDIVIDUAL MAY NOT PARTICIPATE IN ANY DISCUSSION OF, OR DECISION REGARDING, THE TRANSACTION OR ARRANGEMENT BEING CONSIDERED. FORM 990, PART VI, SECTION B, LINE 15 DETERMINATION OF THE CEO'S COMPENSATION IS MADE AS FOLLOWS: THE COMPENSATION & MANAGEMENT DEVELOPMENT COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS EVALUATES THE CEO'S PERFORMANCE AND RECEIVES COMPARATIVE COMPENSATION AND BENEFIT DATA. DATA SOURCES INCLUDE ONE OR MORE SURVEYS WHICH THE ORGANIZATION HAS PARTICIPATED IN FOR COMPARABLE ORGANIZATIONS AND DATA ABSTRACTED FROM FORMS 990 OBTAINED FROM PUBLIC WEB SITES FOR COMPARABLE ORGANIZATIONS. THE DATA PROVIDED TO THE COMMITTEE INCLUDES, WHEN AVAILABLE, INFORMATION ABOUT THE SIZE OF THE ORGANIZATIONS IN THE COMPARISON AND THE TENURE OF THE EMPLOYEES. USING THIS INFORMATION AS A BENCHMARK, THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE DEVELOPS A RECOMMENDATION FOR THE CEO'S ANNUAL COMPENSATION AND BENEFITS TO THE BOARD OF DIRECTORS. MEETING IN EXECUTIVE SESSION, THE BOARD OF DIRECTORS RECEIVES THE RECOMMENDATION FROM THE COMMITTEE, DISCUSSES THE RECOMMENDATION, AND ACCEPTS OR AMENDS THE RECOMMENDATION MADE BY THE COMMITTEE. THE BOARD OF DIRECTORS EVALUATES THE CEO'S PERFORMANCE AND THEN PASSES A RESOLUTION SETTING THE CEO'S ANNUAL COMPENSATION AND BENEFITS PACKAGE. MINUTES ARE MAINTAINED ON A CONCURRENT BASIS BY THE COMMITTEE AND THE BOARD. DETERMINATION OF OTHER OFFICERS' AND KEY EMPLOYEES' COMPENSATION IS MADE AS FOLLOWS: THE ORGANIZATION'S PRESIDENT AND CEO EVALUATES EACH VICE PRESIDENT'S PERFORMANCE AND OBTAINS AND/OR COMPILES COMPARATIVE COMPENSATION AND BENEFIT DATA. BASED ON THIS INFORMATION, HE/SHE MAKES HIS/HER RECOMMENDATION FOR EACH VICE-PRESIDENT'S ANNUAL COMPENSATION. THE COMPARATIVE DATA AND THE PRESIDENT'S RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AND FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEB SITE. FORM 990, PART VII, SECTION A, LINE 26 CYNTHIA ROTH RECEIVED COMPENSATION AS PRESIDENT AND CEO OF THE WEST VIRGINIA UNIVERSITY FOUNDATION STARTING ON JANUARY 1, 2014. DUE TO THE START DATE IN CALENDAR YEAR 2014, THERE IS NO REQUIRED DISCLOSURE FOR HER COMPENSATION FOR FISCAL YEAR JUNE 30, 2014. HER COMPENSATION WILL BE INCLUDED ON THE SUBSEQUENT RETURN FOR THE FISCAL YEAR END JUNE 30, 2015. FORM 990, PART XI, LINE 9: REVALUATION LOSS -29,379. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.