2014-05-13T15:43:26-05:00 2013-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2012-07-01 222482802 Rowan University Foundation % JOSEPH F SCULLY JR ROWA 8562564119 201 Mullica Hill Road Suite Glassboro NJ 08028 RJ Tallarida Jr 8562564119 2014-05-09 true Russlee Armstrong 2155614200 2012 2015-11-30 17:44:51Z Ronald J Tallarida 201 Mullica Hill Road Glassboro NJ 08028 32884401 false X www.rufoundation.edu X 1983 NJ The mission of the Foundation is to raise fund and obtain objects of value, through donation, private or public grants, gifts or otherwise for the use of or benefiting Rowan University. 22 21 0 20 -134969 -135564 3770901 5733672 0 0 3223514 50473 -27600 -44652 6966815 5739493 7900670 9600590 0 0 0 0 0 0 1913 247794 585925 8148464 10186515 -1181649 -4447022 150342866 166735559 1913735 2282873 148429131 164452686 X The Foundation shall operate with the express purpose of raising funds and obtaining objects of value, through donation, private or public grants, gifts or otherwise for the use of or benefiting Rowan University with the goal of enriching the education and student life of the students of Rowan University and improving the educational opportunities and/or services provided to students, faculty, alumni and the general public. false false 1385588 1385588 Scholarships given to students. 8215002 8215002 Grants to Rowan University. 9600590 true true false false false false false false false true false true false false true false true true false false false false false false true false false true true true false false false false false false false false true false false false false true false false false true 0 0 0 true true false false false false true true false false false false X 22 21 false false false false false false false true true false false true true true true true true false false false NJ X JOSEPH F SCULLY JR 8562564127 201 MULLICA HILL ROAD Glassboro NJ 08028 Dr Ali Houshmand 5.0 50.0 X 0 373316 11280 David Burgin 2.0 X Lawrence J Salva 3.0 X X Joe Bottazzi 3.0 X X Tony Galvin 2.0 X Robert Novick 2.0 X Harry I Scheyer 2.0 X Anthony Calabrese 2.0 X Megan Kearney 2.0 X 24 Pauline Schneider 2.0 X James Tarangelo 2.0 X Robert W Hoey 2.0 X Alyce Parker 5.0 X X Paul Tully 3.0 X X Scott Kintzing 2.0 X Virgina Smith 2.0 X Stanley LaBruna 2.0 X Erica Ortiz 2.0 X Stephen H Clark 2.0 X David J Strout 2.0 X Jack Hafner 2.0 X Jessica Healy 2.0 X Helen Reed 2.0 X Robert Braun 2.0 X Ronald J Tallarida 20.0 30.0 X 118458 9520 0 491798 20800 0 false true false 0 53752 5679920 1084504 5733672 0 1947112 -134969 2082081 0 0 0 0 0 25180027 27076666 -1896639 -1896639 -1896639 23590 53752 68242 -44652 -44652 0 0 0 5739493 -134969 140790 8215002 8215002 1385588 1385588 0 0 0 0 0 0 0 0 0 26217 26217 34390 34390 0 0 107695 107695 50000 50000 43 43 1913 1913 0 0 0 0 0 0 0 0 0 17678 17678 ANNUITIES DISTRIBUTION 69955 69955 TEACHING AWARDS 4019 4019 CATERING 8536 8536 LANDSCAPING 45150 45150 220329 220329 10186515 9600590 584012 1913 0 0 3829076 2935047 5482539 7190901 88228 0 0 0 0 0 0 0 0 0 1400 0 0 93747687 104132929 47193936 52476682 0 0 0 0 0 0 150342866 166735559 569110 628063 0 0 117464 357641 0 0 0 0 0 0 0 0 0 0 1227161 1297169 1913735 2282873 X 23538279 34025532 14605759 19410486 110285093 111016668 148429131 164452686 150342866 166735559 X -4447022 20470577 X false true X true false X 2634591 1784981 3808565 3770901 5733672 17732710 0 0 2634591 1784981 3808565 3770901 5733672 17732710 2843684 14889026 3501460 2581490 2322746 2611460 1947112 12964268 0 22589 29916 31594 30967 23590 138656 30835634 0.48285 0.40272 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 110285093 731575 111016668 109559372 725721 110285093 108685061 874311 0 0 0 0 109559372 108976733 189295 -480967 0 0 0 108685061 108603684 194919 7236652 7058522 0 0 108976733 1.00000 false false REALTY INVESTMENTS 4656262 F ALTERNATIVE INVESTMENTS 47820420 F 52476682 0 ALUMNI ASSOCIATION 1297169 1297169 26278312 20470577 20470577 5807735 -68242 -68242 5739493 10254757 68242 68242 10186515 10186515 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 To provide scholarships to the students of Rowan University and gifts to Rowan University in meeting its educational mission. Reconciliation of Revenue - Other Schedule D, Part XI, Line 4b Fundraising expense (reclass) ($68,242) Reconciliation of Expenses - Other Schedule D, Part XII, Line 2D Fundraising expense (reclass) $68,242 Golf Tournament 45732 30587 15145 9160 7594 7109 MLK Breakfast 31610 23165 8445 225 44154 0 77342 53752 23590 9385 7594 51263 68242 -44652 true Rowan University 201 Mullica Hill Road Glassboro NJ 08081 222764819 115 8283244 Program Services 1 Student Scholarships 301 1385588 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 The foundation maintains transfer records for all gifts raised for the University, monitors the expenditures of those funds, and provides stewardship reports to donors regarding usage of the funds. The Foundation also provides scholarships to students matriculating at Rowan University; therefore, all funds granted are used to defray the cost of tuition and no further monitoring of the grants is required. false false false false false false false false false Dr Ali Houshmand 0 373316 0 0 0 0 0 11280 0 0 384596 X 16 686426 fair mkt value X various 19 541852 Market Value false false true Sale of Donated Securities by Third Party Schedule M, Line 32a ROWAN UNIVERSITY FOUNDATION USES AN UNRELATED THIRD PARTY TO SELL DONATED PUBLICLY TRADED SECURITIES. Delegation of Authority Form 990, Part VI, 1a The Board delegates its authority to the investment committee to make decisions regarding Foundation investments. Form 990 Review Process Form 990, Part VI, Line 11b The Rowan University Accounting Services Office (Accounting Services) acts as the liaison in the preparation of the tax returns for Rowan University Foundation (the Foundation). Accounting Services provides all the financial information to the paid tax preparer based on the Foundation's audited financial statements as well as the records of Rowan University's Accounting System for the Foundation. Accounting Services contacts the Foundation's officers and staff to obtain answers to the non-financial questions and provides this information to the paid tax preparer. A draft of the Form 990 is reviewed by accounting services personnel and the Foundation's officers and/or staff. Each board of directors member will receive a copy of the completed Form 990 prior to its filing with the Internal Revenue Service. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c The Board is asked annually to review and sign the conflict of interest policy. All documents are then reviewed by the executive director to ensure there are no conflicts and/or address any issues. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Rowan University 201 Mullica Hill Road Glassboro NJ 08028 222764819 University NJ 115 NA false Rowan University Alumni Association 201 Mullica Hill Road Glassboro NJ 08028 237132916 Support NJ 501(c)(3) 7 Rowan Univ false false true false false false false false false false false false true false true false false false false false