2014-04-29T12:09:06-05:00 2013-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2012-07-01 046013152 UNIVERSITY OF MASSACHUSETTS FOUNDATION INC UNIV 6172875590 225 FRANKLIN STREET 33RD FLOOR BOSTON MA 02110 MCGLADREY LLP 6172875590 2014-04-29 1 LYNNE JOHNSON P00757336 6179129000 2012 2015-11-30 17:44:51Z ROBERT L CARET 225 FRANKLIN STREET 33RD FLOOR BOSTON MA 02110 116424078 0 X WWW.MASSACHUSETTS.EDU/FOUNDATION/FOUNDATION.HTML 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. 32 32 5 40 140876 139876 24104638 22055603 0 0 8495573 7673100 7300961 8895752 39901172 38624455 18730626 13362408 0 0 224550 358157 0 0 3695688 3731533 4901459 22686709 18622024 17214463 20002431 370524806 399603111 5762006 5316700 364762800 394286411 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 13814752 13362408 9374887 THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. INVESTS FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS INCLUDING BUT NOT LIMITED TO SUPPORT OF SCHOLARSHIP AND EDUCATION PROGRAMS AND GENERAL PROGRAM SERVICES EXPENDITURES. 13814752 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 6 0 1 5 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA AK AR AZ CA CO DC HI KY MD ME MI MN NH NJ NY OH OK OR SC TN UT WA WI WV X ROBERT M GOODHUE ESQ 6172875590 225 FRANKLIN STREET 33RD FLOOR BOSTON MA 02110 ROBERT L CARET 5.00 X X 0 0 0 JAMES P PAPPAS 1.00 X X 0 0 0 EDWARD H D'ALELIO 1.00 X X 0 0 0 RICHARD V AGHABABIAN MD 1.00 X 0 0 0 MARK ATKINS 1.00 X 0 0 0 DOUGLAS CLIGGOTT 1.00 X 0 0 0 STEPHEN A COLLINS 1.00 X 0 0 0 JOSEPH C DAY 1.00 X 0 0 0 STEPHEN R DUNNE 1.00 X 0 0 0 GRACE K FEY 1.00 X 0 0 0 STANLEY L FUNG 1.00 X 0 0 0 MARIA D FURMAN 1.00 X 0 0 0 WARREN J ISABELLE 1.00 X 0 0 0 JOHN D KATTAR 1.00 X 0 0 0 MARK A MARINELLA 1.00 X 0 0 0 R NORMAN PETERS ESQ 1.00 X 0 0 0 MARY L REED 1.00 X 0 0 0 ROBERT R REITANO 1.00 X 0 0 0 ANDREW T RUDD 1.00 X 0 0 0 ROBERT K SHERIDAN 1.00 X 0 0 0 KARL E WHITE 1.00 X 0 0 0 ROY J ZUCKERBERG 1.00 X 0 0 0 MICHAEL F COLLINS MD 1.00 X 0 0 0 MATTHEW C DONAHUE ESQ 1.00 X 0 0 0 PATRICIA C FLAHERTY 1.00 X 0 0 0 DIVINA GROSSMAN 1.00 X 0 0 0 JAMES R JULIAN JR 1.00 X 0 0 0 MARTIN T MEEHAN 1.00 X 0 0 0 J KEITH MOTLEY 1.00 X 0 0 0 KUMBLE R SUBBASWAMY 1.00 X 0 0 0 HENRY M THOMAS III 1.00 X 0 0 0 CHRISTINE M WILDA 1.00 X 0 0 0 CHARLES J PAGNAM 25.00 X 0 0 0 ROBERT M GOODHUE ESQ 40.00 X 205536 0 51339 JUDITH A MURPHY 40.00 X 150158 0 45633 SANDY A OWEN 40.00 X 111842 0 34075 467536 0 131047 3 0 1 0 0 174050 279022 21602531 1694220 22055603 950927 140876 810051 84423278 77701105 6722173 6722173 6722173 26410 174050 98518 -72108 -72108 INVESTMENT MANAGEMENT FEE 561000 8867456 8867456 PRIOR YEAR UNSPENT INCOME 900099 465920 465920 CHANGE IN VALUE OF SPLIT INTEREST 561000 -407027 -407027 41511 41511 8967860 38624455 8967860 140876 7460116 13362408 13362408 54579 8187 32747 13645 243249 48650 194599 26304 5261 21043 34025 6805 27220 135124 33781 81074 20269 528021 105604 422417 117584 117584 15000 15000 1800 360 1440 74944 14989 59955 3648923 2149 3646774 71722 14344 57378 17420 3484 13936 46537 9306 37231 201573 201573 42811 42811 18622024 13814752 1111584 3695688 83995 80818 23409002 17941813 6889 112992 9471909 852636 8821866 8619273 206118078 241294463 132084976 131553752 0 370524806 399603111 39968 12570 2411908 1972934 3310130 3331196 5762006 5316700 X 22958765 27494796 55538163 62818613 286265872 303973002 364762800 394286411 370524806 399603111 X 20002431 17905436 686581 -9070837 X 0 1 X 1 0 X 20276398 12039046 26125057 24104638 22055603 104600742 20276398 12039046 26125057 24104638 22055603 104600742 5925831 98674911 2372315 2523992 3388439 2194427 950927 11430100 465715 47001 76379 26410 615505 116646347 31326840 0.84590 0.69970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 484097035 151903873 38689105 597311803 0 308858283 14656944 25497568 9325969 426209 -979871 340240488 302218254 18898805 -3034590 8670000 347234 206952 308858283 259183338 17079839 35469310 8087517 226164 1200552 302218254 243172575 13234779 26077174 3197034 20987245 -883089 259183338 284904877 13910755 -39024202 17059060 207526 -647731 243172575 0.00590 0.84690 0.14720 0 0 1360140 1360140 7943523 688095 7255428 168246 164541 3705 8619273 ALTERNATE INVESTMENTS 131553752 F 131553752 ACCRUED TRUST OBLIGATIONS TO BENEFICIARIES 3331196 3331196 X 208957436 17905436 152387920 170293356 38664080 -39625 -39625 38624455 66498609 47876585 47876585 18622024 0 18622024 PART IV, LINE 1B: AGENCY ACCOUNTS ARE INVESTMENTS HELD ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AND THE EDWARD M. KENNEDY INSTITUTE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION RECOGNIZES OR DERECOGNIZES A TAX POSITION BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2013, MANAGEMENT DOES NOT BELIEVE THAT THERE ARE UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDING JUNE 30, 2010, 2011, AND 2012 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RECEIVED ON BEHALF OF UNIVERSITY OF MASSACHUSETTS 118,203,298. PRIOR YEAR UNSPENT INCOME 484,047. EXCESS OF INVESTMENT RETURN OVER SPENDING RATE 33,700,575. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -98,518. PRIOR YEAR UNSPENT INCOME 465,920. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -407,027. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 98,518. AMOUNTS RELATED TO UNIVERSITY OF MASSACHUSETTS 38,707,230. OTHER CHANGES IN NET ASSETS 9,070,837. CENTRAL AMERICA INVESTMENTS 102521000 EAST ASIA & PACIFIC INVESTMENTS 2637000 EUROPE INVESTMENTS 3661000 MIDDLE EAST & NORTH AFRICA INVESTMENTS 290000 NORTH AMERICA INVESTMENTS 386000 RUSSIA INVESTMENTS 856000 SOUTH AMERICA INVESTMENTS 847000 SOUTH ASIA INVESTMENTS 239000 SUB-SAHARAN AFRICA INVESTMENTS 1089000 0 0 0 0 0 0 111437000 1089000 112526000 1 0 0 0 0 0 TRIBUTE DINNER 174050 174050 11046 20827 SPORTS EVENT 26410 26410 24988 12924 750 27983 200460 174050 26410 24988 23970 750 48810 98518 -72108 1 UNIVERSITY OF MASSACHUSETTS 333 SOUTH ST SUITE 450 SHREWSBURY MA 01545 043167352 115 13362408 FMV N/A SEE PART IV 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: DISTRIBUTIONS TO THE UNIVERSTIY 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): PURPOSE OF GRANT OR AWARD 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 ROBERT M GOODHUE ESQ 205536 0 0 0 0 0 0 0 51339 0 256875 0 0 0 JUDITH A MURPHY 150158 0 0 0 0 0 0 0 45633 0 195791 0 0 0 X 20 194220 FMV ON DATE OF GIFT X 1 1500000 FMV ON DATE OF GIFT 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. THIRD PARTY USE: 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. IN ADDITION, THE FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: NET ASSETS TRANSFER TO UNIVERSITY OF MASSACHUSETTS -9,070,837.