2014-04-29T18:21:10-07:00 2013-06-30 990 2012-07-01 237394620 UNIVERSITY OF ALASKA FOUNDATION UNIV 9074508122 PO Box 755120 Fairbanks AK 997755120 Jim Lynch 9074508121 2014-04-30 2012 2015-11-30 17:44:51Z Jim Lynch PO Box 755120 Fairbanks AK 997755120 113618498 0 X http://www.alaska.edu/foundation X 1974 AK The mission of the University of Alaska Foundation is to seek, secure, and steward philanthropic support to build excellence at the University of Alaska. 26 22 0 31 -90026 0 18826839 15534221 647705 615865 4051175 14921463 -4334 -50784 23521385 31020765 13719810 15750047 0 0 0 0 0 0 405375 2817709 2826166 16537519 18576213 6983866 12444552 197524368 210073975 3721062 3784924 193803306 206289051 The mission of the University of Alaska Foundation is to seek, secure and steward philanthropic support to build excellence at the University of Alaska. 0 0 15750047 15750047 615865 The Foundation is a partner with the University of Alaska (UA) in raising private funds to benefit students, programs and projects across UA's 16-campus system. The Foundation provides strategic counsel, research, data, and technical assistance to campuses, helping to ensure coordinated and efficient fund development efforts for the UA system. Private gifts to the University of Alaska system are entrusted to the Foundation which serves as the sole manager of those funds. In addition, it manages the investable assets of UA's Land Grant Trust Fund. The Foundation is responsible for gift acceptance, investment and disbursement to UA, ensuring private contributions are used in accordance with donor's wishes. More than 1450 separate named and endowed funds are managed and invested for the benefit of the University. In 2012, the Foundation distributed $13.5 million, including $2.8 million which funded more than 1884 scholarships. 0 0 0 15750047 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 12 0 1 0 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 26 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK X X James Lynch 9074508030 910 Yukon Drive Suite 206 Fairbanks AK 99775 Leo Bustad 4 0 X 0 0 0 Tom Case 0.4 60 X 0 261674 65762 Fuller Cowell 0.4 0 X 0 0 0 Theodore Fathauer 0.2 0 X 0 0 0 Pat Gamble 0.6 60 X 0 326719 56769 Gregory Gursey 0.9 0 X 0 0 0 John Hughes 0 0 X 0 0 0 Mary Hughes 0.7 0 X 0 0 0 Thomas Jensen 0 0 X 0 0 0 Scott Jepsen 0.5 0 X 0 0 0 Jim Johnsen 0.8 0 X 0 0 0 Betsy Lawer 0.2 0 X 0 0 0 Ann Parrish 0.5 0 X 0 0 0 Frank Paskvan 0.8 0 X 0 0 0 Karen Polley 2.1 0 X 0 0 0 John Pugh 0.6 50 X 0 218854 20603 Brian Rogers 0.6 60 X 0 316220 41616 Marilyn Romano 0.4 0 X 0 0 0 Grace Schaible 0.2 0 X 0 0 0 Melody Feniks 1.7 0 X 0 0 0 Lorali Simon 0.5 0 X 0 0 0 Arliss Sturgulewski 0.7 0 X 0 0 0 Anand Vadapalli 0.4 0 X 0 0 0 Carolyne Wallace 5.3 0 X 0 0 0 Carla Beam 17 39 X X 0 202072 27491 Eric Wohlforth 9.3 0 X X 0 0 0 Jo Michalski 2.1 0 X X 0 0 0 Susan Anderson 0.9 0 X X 0 0 0 James Lynch 10 40 X 0 125386 34853 Tamera Weaver 30 10 X 0 119430 23458 David Woodley 45 15 X 0 130510 27903 0 1700865 298455 0 0 1 0 University of Alaska PO Box 756540 Fairbanks AK 997756540 Procurement of Staff 1981940 1 0 38610 308509 900000 0 14287102 137250 15534221 Associated/Entity Service Fee 523920 598592 598592 0 0 Membership Revenue 900099 6755 6755 0 0 Student Investment Fund 523920 9518 9518 0 0 Museum Program Revenue 900099 1000 1000 0 0 0 0 0 0 615865 1181563 0 -90653 1272216 0 0 0 0 97 0 0 97 0 0 93677795 2421615 82359510 0 11318285 2421615 13739900 0 627 13739273 187138 308509 237598 -50460 0 -50460 204 625 -421 -421 0 0 0 31020765 615444 -90026 14961126 15710047 15710047 40000 40000 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 0 0 404481 0 352649 51832 1500 0 1500 0 560834 0 560834 0 0 0 0 0 0 0 361757 0 361757 0 1059781 0 815813 243968 84365 0 48416 35949 98465 0 91105 7360 5 0 5 0 74860 0 58732 16128 96309 0 90002 6307 0 0 0 0 29202 0 22476 6726 0 0 0 0 0 0 0 0 0 0 0 0 6606 0 6606 0 Tuition/Registration 7214 0 6364 850 Subscription/Books/Memberships 11107 0 4532 6575 Special Event Expenses - indirect 29206 0 0 29206 Miscellaneous 474 0 0 474 18576213 15750047 2420791 405375 0 0 30936571 30185103 8432336 8588885 0 0 0 0 0 0 1912618 2356100 38377 37752 0 0 108374955 118224388 46692617 49339590 632407 838953 0 0 504487 503204 197524368 210073975 307063 282550 1847397 1967584 257127 233108 0 0 0 0 0 0 1309475 1301682 0 0 0 0 3721062 3784924 X 23592409 24990628 78013622 85444170 92197275 95854253 193803306 206289051 197524368 210073975 X 12444552 -298926 0 0 0 340119 X 0 1 X 1 0 X 31195455 16834492 16672350 18826839 15534221 99063357 0 0 0 0 0 0 47780 54980 54980 58287 49503 265530 31243235 16889472 16727330 18885126 15583724 99328887 19607336 79721551 2269150 2114529 2597466 1969288 1093182 10043615 -70881 -117527 73441 -173773 -90026 -378766 0 0 0 0 0 0 108993736 3993788 0.73143 0.64978 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 18576212 18576212 1000000 250000 0 0 949025 970616 976876 1000000 3896517 5844776 0 0 0 0 0 237256 242654 244219 250000 974129 1461194 0 0 0 0 0 143702788 5770434 13913111 4907811 0 1317627 157160895 142210370 7224184 375418 4787727 0 1319457 143702788 112815560 14467562 19335170 3313940 0 1093982 142210370 92958433 14541688 8021776 1781961 0 924376 112815560 116479674 13351507 -27400698 4302142 3881270 1288638 92958433 0.23 0.61 0.16 0 0 Fixed Income Funds 53 F Hedged Funds 7006974 F Real Estate 9919906 F Absolute Return 15213471 F Natural Resources Private Equity 3673284 F Venture Capital Private Equity 2780147 F Private Equity 7948848 F Distressed Debt 1273943 F Mezzanine Financing 490282 F Commodities 1032682 F 49339590 0 0 X 30929074 -298926 0 0 340119 41193 30887881 361757 -228873 132884 31020765 18443329 0 0 0 238223 238223 18205106 361757 9350 371107 18576213 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Earnings on endowments are used to support the University of Alaska as specified by our donors including, but not limited to, scholarships, fellowships, professorships and department support. The University of Alaska and the Foundation are invested jointly in the Consolidated Endowment Fund. The University has 47% ownership and the Foundation has 53% ownership. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The foundation is an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is generally not subject to federal income taxes. Contributions to the foundation are deductible for tax purposes by the donor, subject to the normal limitations imposed by the taxing authorities. However, the foundation is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded from any unrelated trade or business. In the opinion of management any unrelated business income tax would be immaterial to the basic financial statements taken as a whole. The foundation is no longer subject to U.S. federal or state income tax examinations by tax authorities for fiscal years prior to June 30, 2010. The foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Loss on pledges for <38,984>, Contributions refunded to donors 31,995, and adjustments of remainder trust liability for 347,108. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Event expenses were included in the revenue section for <237,598>, event expenses from outside sources were posted to increase revenue and expenses for 9,350, Cost of Goods Sold was deducted from inventory for <625>. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Direct event expenses were reported in the revenue section for 237,598. Cost of Goods Sold was reported in the revenue section for 625. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Event expenses from outside sources for 9,350. Central America and the Caribbean 0 0 Investments None 21800730 0 0 21800730 1 0 0 1 1 0 Dinner 121301 77403 43898 0 0 492 37330 733 17357 Dinner 116680 94130 22550 0 0 0 9576 0 20902 10 238515 133717 104798 0 0 1713 61018 9322 60826 476496 305250 171246 0 0 2205 107924 10055 99085 219269 -48023 1 University of Alaska PO Box 755000 Fairbanks AK 997755000 926000147 115 15617208 92839 FMV on date property received Airline Vouchers and Auction items. Scholarships and other Departmental Support for the University Programs. 0 0 Distinguished Service Award 2 40000 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All grant funds provided to the university are required to include appropriate documentation providing details on expenditures, including authorized signature authority. All scholarship requests are monitored by review of the criteria related to the scholarship, which provides assurance that the recipient meets eligibility requirements. Student progress is monitored to assure continued compliance with established criteria. 0 0 0 0 0 0 0 0 0 Pat Gamble 0 316690 0 0 0 10030 0 33213 0 23557 0 383490 0 0 Carla Beam 0 201292 0 0 0 780 0 27368 0 123 0 229563 0 0 Tom Case 0 246818 0 0 0 14857 0 37680 0 28082 0 327437 0 0 David Woodley 0 128531 0 0 0 1979 0 3638 0 24265 0 158413 0 0 John Pugh 0 216006 0 0 0 2848 0 3892 0 16711 0 239457 0 0 Brian Rogers 0 306970 0 0 0 9250 0 38213 0 3403 0 357836 0 0 James Lynch 0 124606 0 0 0 780 0 34730 0 123 0 160239 0 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 For Question 3 - See Schedule O narrative for Part VI, Section B, Line 15 for more information related to these individuals who are paid by the University of Alaska. X 8 16109 Market Quotation X 1 27000 Same day corporate buy back X Alaska Airline tickets 2 61536 Average ticket price at time of contribution of a roundtrip ticket to 12 destinations. X Various Auction Items 304 32278 Fair market value at date of donation X Event items 3 327 Fair market value at date of donation 0 0 1 0 SchM_P01_S00_L00 Schedule M, Part I Our organization is reporting the number of contributions received. F990_P01_S00_L06 Form 990, Part I, Line 6 In FY13 there were 31 individuals that volunteered as trustees and committee members for the foundation. They provided over 1900 hours of service based on meeting attendance and preparation, and conference attendance representing the organization. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee consists of no more than 6 members, who are also members of the governing body. The committee acts only during intervals between meetings of the Board of Trustees and may exercise all of the authority and powers of the Board of Trustees in the management of the affairs of the Foundation, with the exception that they may not amend the Bylaws. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Mary and John Hughes have a family relationship as well as a business relationship. Jim Johnsen and Anand Vadapalli have a business relationship. Marilyn Romano, John Pugh, Leo Bustad and Mary Hughes also have a business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Accounting Manager prepares a detailed preliminary review of the Form 990 for the Foundation President, Treasurer, Chief Investment Officer, Executive Director, and Chairman of the Finance and Audit Committee for discussion. At this meeting the staff will resolve issues and define key components of this filing. A full comprehensive review is performed by an exempt organization tax professional prior to the final executive summary presentation made to the Finance and Audit Committee during a regularly scheduled meeting. All trustees are invited to this presentation, and full copies of the Form 990 are posted and available for review on a secure section of the Foundation's website. In addition, the Form 990 is made available at the University of Alaska Foundation website within 10 days of filing, which is accessible by all board members as well as the general public. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The University of Alaska Foundation has a Conflict of Interest Policy which applies to board members, all committees, subcommittees, officers, employees and volunteers having board-delegated powers. This policy is distributed annually and each recipient reviews the policy, signs it and returns it to the Board Coordinator indicating either no conflicts or disclosing any existing or foreseeable conflicts. Any disclosures are then forwarded to the Executive Committee for review and action. The policy provides that potential conflicts are to be disclosed to the board, committee, officer or supervisor as soon as practicable after becoming aware of a potential conflict. If a conflict is disclosed in a meeting, the person of interest is asked to leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict. If appropriate, another person or committee may be appointed to investigate alternatives to the proposed transaction or arrangement. The nature of the potential conflict, the determination by the board or committee, and the details of any votes taken are documented in the minutes of the meeting. Any person violating the Conflict of Interest Policy shall be subject to appropriate discipline, including dismissal or removal from office. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Compensation for the President, Treasurer, and Chief Investment Officer at the University of Alaska Foundation is not approved by the Board of Trustees since they are not compensated by the University of Alaska Foundation. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The articles of incorporation and financial statements are available to the general public on the Foundation website, www.alaska.edu/foundation. The conflict of interest policy is available to the general public upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 Actuarial adjustment of remainder trust liability was reclassified for $347,108. Uncollectible pledges were reclassified for <$38,984>. The foundation refunded four contributions for a total of $31,995 during the year. SchB_P01_S00_L00 Schedule B, Part I On Schedule A Part I the Foundation qualifies for Public Charity Status by definition on line 5. This organization also meets the Schedule B "special rule" for a non-private Foundation classification under section 170(b)(1)(A)(vi) so that we meet the 2% threshold for reporting based on Part VII, Line 1h. University of Alaska PO Box 756540 Fairbanks AK 997756540 926000147 Education through teaching, research AK N/A 0 Charitable Remainder Trust (2) 207 Butrovich Building Fairbanks AK 99775 Charitable Remainder AK N/A T 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 SchR_P02_S00_L00 Schedule R, Part II The University of Alaska does not meet the definition of a 'related organization' for required reporting on Form 990, Schedule R. Although the University is supported by the University of Alaska Foundation, the Foundation is a public charity under Section 170(b)(1)(A)(iv) rather than under Section 509(a)(3). The University of Alaska Foundation is voluntarily reporting data on Form 990, Part VII and Schedule R as though there were a 509(a)(3) supporting/supported relationship in place with the University because management believes that donors and other readers of the Form 990 have an expectation that this information will be included on this Form 990.