2014-11-13T09:05:42-06:00 2013-12-31 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2013-01-01 390743975 UNIVERSITY OF WISCONSIN FOUNDATION % BRIDGET A BUSH UNIV 6082634545 1848 University Avenue Suite Madison WI 537264090 Bridget Bush TREASURER 6082634545 2014-11-12 true Daniel V Romano P00504182 6082634545 2013 2015-11-30 17:44:51Z MICHAEL M KNETTER PRES CEO 1848 University Avenue Madison WI 537264090 1195740588 false X WWW.SUPPORTUW.ORG X 1945 WI UNIVERSITY OF WISCONSIN FOUNDATION AIDS UW - MADISON BY SOLICITING GIFTS & BEQUESTS, ADMINISTERS & INVESTS SECURITIES & PROPERTY,& DISTRIBUTES PAYMENTS FOR BENEFIT OF UW-MADISON 49 47 299 52 -2919289 -3512209 211242673 266773753 0 0 135399272 109716040 666464 657196 347308409 377146989 213969934 236845858 0 0 16923801 16980109 0 0 15931854 22098370 22059710 252992105 275885677 94316304 101261312 2756835399 3100909316 367938848 388863359 2388896551 2712045957 X THE UNIVERSITY OF WISCONSIN FOUNDATION IS THE OFFICIAL NOT-FOR-PROFIT FUND RAISING CORPORATION FOR THE UNIVERSITY OF WISCONSIN MADISON (UW-MADISON). IT RECEIVES GIFTS AND BEQUESTS, ADMINISTERS AND INVESTS SECURITIES AND PROPERTY, AND DISBURSES PAYMENTS TO AND ON BEHALF OF UW-MADISON FOR ADVANCEMENT OF SCIENTIFIC, LITERARY, EDUCATIONAL, AND ATHLETIC PURPOSES. IN ADDITION, THE UNIVERSITY OF WISCONSIN FOUNDATION RECEIVES GIFTS AND BEQUESTS, ADMINISTERS AND INVESTS SECURITIES AND PROPERTY AND DISBURSES PAYMENTS TO AND ON THE BEHALF OF SEVERAL OTHER UNITS OF THE UNIVERSITY OF WISCONSIN SYSTEM FOR ADVANCEMENT OF SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. false false 236845858 236845858 IN ACCORDANCE WITH THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE, THE UNIVERSITY OF WISCONSIN FOUNDATION ASSISTS BY MAKING PAYMENTS TO OR ON BEHALF OF THE UNIVERSITY OF WISCONSIN. 236845858 true true false false false false false false false true true true false false true true false true false false true false false false false false false true false true false false false false true true false false true true false false false true true true false false true 226 1 true 299 true true true false false false false true true false false false false X 49 47 true false false false true true true true true false false true true true true true true true true false AK AZ AR CA CO DC HI KY ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI X X BRIDGET A BUSH 6088901231 1848 UNIVERSITY AVENUE MADISON WI 53726 Richard L Antoine Chair - TERM IS Continuous 3.0 X X 0 0 0 John E Berndt Director - TERM EXP 6/2013 2.0 X 0 0 0 Paula E Bonner Ex Officio -TERM IS CONTINUOUS 1.0 X 0 0 0 Nancy T Borghesi Director - Term Exp 6/2013 1.0 X 0 0 0 Susan J Cellmer Director - TERM EXP 6/2015 1.0 X 0 0 0 Jerome A Chazen Director - Term EXP 6/2014 3.5 X 0 0 0 Paul J Collins Ex Officio -TERM IS Continuous 1.0 X 0 0 0 Connie R Curran Director - TERM EXP 6/2016 1.0 X 0 0 0 Jeffrey J Diermeier Director - TERM EXP 6/2014 2.0 X 0 0 0 Susan S Engeleiter Director - TERM EXP 6/2015 1.0 X 0 0 0 Thomas J Falk Vice Chair - TERM EXP 6/2015 0.5 X X 0 0 0 Wade Fetzer III Ex Officio -TERM IS Continuous 1.0 X 0 0 0 Jere D Fluno Ex Officio -TERM IS Continuous 2.0 X 0 0 0 W Jerome Frautschi Director - TERM EXP 6/2016 1.5 X 0 0 0 Peter L Frechette Director - TERM EXP 6/2015 1.0 X 0 0 0 Colleen A Goggins Director - TERM EXP 6/2014 1.0 X 0 0 0 George F Hamel Jr Director - TERM EXP 6/2014 1.0 X 0 0 0 Jeffrey C Hammes Director - TERM EXP 6/2014 0.5 X 0 0 0 Jon D Hammes Director - TERM EXP 6/2015 1.0 X 0 0 0 Jill S Hatton Director - TERM EXP 6/2016 1.0 X 0 0 0 John P Holton Director - TERM EXP 6/2016 1.0 X 0 0 0 Dong-Soo Hur Director - TERM EXP 6/2016 1.0 X 0 0 0 Judy H Jorgensen Director - TERM EXP 6/2016 1.0 X 0 0 0 Ted D Kellner Ex Officio -TERM IS Continuous 0.5 X 0 0 0 Paul A Leff Director - TERM EXP 6/2015 1.0 X 0 0 0 Michael E Lehman Director - TERM EXP 6/2014 2.0 X 0 0 0 Peter A Leidel Director - TERM EXP 6/2016 1.0 X 0 0 0 Thomas P Madsen Director - TERM EXP 6/2016 1.0 X 0 0 0 Jane R Mandula Director - TERM EXP 6/2016 1.0 X 0 0 0 Dr Alice R McPherson Director - TERM EXP 6/2013 0.5 X 0 0 0 Alice D Mortenson Director - TERM EXP 6/2016 1.0 X 0 0 0 Melinda J Mount Director - TERM EXP 6/2014 1.0 X 0 0 0 John S Nelson Director - TERM EXP 6/2016 8.0 X 0 0 0 Cory Nettles Director - TERM EXP 6/2015 1.0 X 0 0 0 Albert O Nicholas Director - TERM EXP 6/2014 1.0 X 0 0 0 The Honorable Kathryn Oberly Director - TERM 6/2013 1.0 X 0 0 0 John J Oros Ex Officio -TERM IS Continuous 1.0 X 0 0 0 San Watterson Orr Jr Ex Officio -TERM IS Continuous 1.0 X 0 0 0 Stephen R Petersen Director - TERM EXP 6/2015 4.0 X 0 0 0 Linda L Procci Director - TERM EXP 6/2015 1.5 X 0 0 0 Dr Frederick A Robertson Director - TERM EXP 6/2014 2.0 X 0 0 0 Ricky C Sandler Director - TERM EXP 6/2014 1.0 X 0 0 0 Jay R Sekelsky Director - TERM EXP 6/2014 1.0 X 0 0 0 Allan H Selig Director - TERM EXP 6/2014 0.25 X 0 0 0 Paul S Shain Director - TERM EXP 6/2014 1.0 X 0 0 0 Michael S Shannon Director - TERM EXP 6/2014 2.0 X 0 0 0 Michael R Splinter Director - TERM EXP 6/2015 1.0 X 0 0 0 Frances S Taylor Ex Officio -TERM IS Continuous 2.0 X 0 0 0 Patrick A Thiele Director - TERM EXP 6/2016 1.0 X 0 0 0 Todd E Warnock Director - TERM EXP 6/2014 1.0 X 0 0 0 Doris F Weisberg Director - TERM EXP 6/2016 5.0 X 0 0 0 Jeffrey D Wiesner Director - TERM EXP 6/2016 2.0 X 0 0 0 Michael M Knetter PRESIDENT AND CEO 60.0 0.5 X X 529138 0 104930 Julie Van Cleave Chief Investment Officer 45.0 X X 221700 0 1264 Thomas P Olson Chief Investment Officer 45.0 X 456665 0 45430 Steven L Hudson Chief Financial Officer 45.0 X 220004 0 42276 Kari Myrland Chief Information Officer 45.0 X 181031 0 10928 Russell N Howes Assistant Secretary 45.0 0.75 X 177372 0 31205 Alisa A Robertson Assistant Treasurer 50.0 0.5 X 168017 0 18329 Geoffrey M McCloskey Controller 60.0 X 119743 0 30157 Catherine M Ahrens Secretary 45.0 X 98183 0 29571 Bridget A Bush Treasurer 45.0 0.75 X 86039 0 10110 John Dobson Managing Senior Director Inv 45.0 X 381713 0 27088 Mark Lefebvre Sr VP for Principal Gifts 45.0 X 334645 0 15833 Daniel Julie Senior Director of Investments 45.0 X 308648 0 28530 Jean-Francis Lopez de Valdivia Senior Director of Investments 45.0 X 168491 0 24127 Marion Brown Vice President of Development 45.0 X 164825 0 18632 3616214 0 438410 25 false true false Yorktown Partners LLC 410 Park Avenue 19th Flr NEW YORK NY 10022 Alt Investmt Advisor 1016534 Morgan Stanley 1585 Broadway NEW YORK NY 10036 Alt Investmt Advisor 966249 US Bank NA PO Box 7900 MADISON WI 53707 Invsmt Adv/Custodian 851666 Robert W Baird Co Inc 777 E Wisconsin Avenue Suite 2700 MILWAUKEE WI 53202 Invsmt Adv/Custodian 808953 Fortress Investments 1345 Avenue of the Americas 23rd NEW YORK NY 10105 Alt Investmt Advisor 776875 40 91989 266681764 40882258 266773753 0 33275734 -5809911 39085645 0 489676 489676 47144 47144 0 47144 47144 893274608 1759297 817062268 1531331 76212340 227966 76440306 2890622 73549684 0 0 0 MISCELLANEOUS INCOME 900099 120376 120376 120376 377146989 -2919289 113292525 236845858 236845858 0 0 0 2615437 1956083 659354 0 11003846 2883259 8120587 1029172 365696 663476 1430413 494225 936188 901241 320238 581003 0 186680 66333 120347 191961 191961 0 0 13659738 13659738 1132742 990361 142381 1315652 1315652 1025255 325092 700163 1491016 529803 961213 0 775490 351453 424037 523528 523528 0 276984 98421 178563 0 0 573236 203688 369548 0 BAD DEBT EXPENSE 412069 412069 RECOG / SPECIAL EVENTS 166960 2000 164960 CREDIT CARD PROCESSING FEES 163116 163116 INCOME TAX LIABILITY 91781 91781 73502 2648 70854 275885677 236845858 23107965 15931854 0 0 94102519 173956974 62936438 63667411 21902011 14447265 0 0 0 0 1198253 1327613 0 0 390076 974503 19711592 7069033 9801293 12642559 2029715911 2261641866 523357213 556748424 0 0 0 0 13431685 15502701 2756835399 3100909316 33108940 30661279 0 0 1461090 0 0 0 0 0 0 0 1065461 532731 0 0 332303357 357669349 367938848 388863359 X 156588853 190759824 1383220110 1324837275 849087588 1196448858 2388896551 2712045957 2756835399 3100909316 101261312 221888094 X false true X true false X 156118593 165667841 197541841 211242673 266773753 997344701 0 0 156118593 165667841 197541841 211242673 266773753 997344701 197319829 800024872 13422452 17790765 24330580 28098234 33812554 117454585 0 505943 0 0 103805 120376 730124 1115529410 0.71717 0.70643 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1380851531 44274718 179220591 48366479 1555980361 1284657858 24271427 122517831 50595585 1380851531 1022569932 35834472 -41848815 36834396 979721193 886302945 53062709 130411566 47207288 1022569932 1215651932 29825088 -312299012 46875063 886302945 0.76609 0.23391 false false 0 502530 502530 0 9835710 4521814 5313896 0 258108 258108 0 9115244 2289111 6826133 12642559 LIMITED PARTNERSHIPS 375850209 F REAL ASSET FUNDS 178223265 F OTHER FUNDS 2674950 F 556748424 0 DEFERRED COMPENSATION 1536139 ACCRUED SOCIAL SECURITY 7932 LIABILITY UNDER SPLIT INTEREST 44850036 FUNDS DUE TO OTHER ORGANIZATION 1071948 BENEFIT OF U.W. - HOSPITAL & CLINIC 276700153 BENEFIT OF U.W. - STEVENS POINT FDN 21602179 BENEFIT OF U.W. - STOUT FDN 1354732 BENEFIT OF WI ALUMNI ASSN FUND 7282073 BENEFIT OF U.W. GREEN BAY 3264157 357669349 X 595032391 221888094 5000 221893094 373139297 4007692 4007692 377146989 271882985 5000 5000 271877985 4007692 4007692 275885677 PART V, LINE 1 CHANGE IN PRIOR YEAR ENDOWMENT BALANCE The Beginning of Year 2012 endowment balance was restated in the 2013 audited financial statements and Part V, line 1a(B) was updated accordingly. PART V, LINE 4 INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS ENDOWED FUNDS ARE CRITICAL TO THE FINANCIAL STABILITY OF THE UNIVERSITY OF WISCONSIN-MADISON. THE PRESENT AND FUTURE REVENUE STREAMS THAT ENDOWED FUNDS GENERATE ALLOW COLLEGES AND DEPARTMENTS TO HIRE FACULTY, IMPLEMENT PROGRAMS, ADVANCE RESEARCH AND SUPPORT OUTSTANDING STUDENTS. IMPLEMENT PROGRAMS, ADVANCE RESEARCH AND SUPPORT OUTSTANDING STUDENTS. PART X, QUESTION 2 ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740 The foundation has received a determination letter from the Internal Revenue Service stating that it is exempt from federal income tax under secion 501(c)(3) of the internal revenue code ("IRC"). However, the foundation is subject to federal and state income taxes on its unrelated business income, as a result of ownership in various investment entities. The foundation recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statement is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The foundation applied the uncertain tax position guidance to all tax positions for which the statute of limitations remained open. The foundation is subject to federal income taxes and files state tax returns in various states. In addition to filing in its home state of Wisconsin, the foundation has entered into voluntary disclosure agreements with twenty-seven states. Additionally, voluntary disclosure agreements in three states are still pending. THE FOUNDATION ALSO FILES INCOME TAXES IN NINE OTHER STATES. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. Tax years open to examination by tax authorities under federal statute of limitations include calendar years 2010 through 2013. Open tax years under the various state statuteS OF LIMITATIONS VARY AND IN MOST CASES INCLUDE CALENDAR YEARS 2008 through 2013. For all states where the foundation has not filed a state return, all tax years remain open. The foundation, if applicable, recognizes interest accrued related to unrecognized tax benefits in interest expense and recognizes penalties in operating expenses. During the years ended December 31, 2013 and 2012, the foundation did not recognize any material interest or penalties. the foundation did not recognize any material interest or penalties. PART XI, LINE 4b RECONCILIATION OF REVENUE Internal Invest Costs Revenue reclassed from Expense 3,988,357 Rental Income, included in revenue 19,335 ---------- Total 4,007,692 ========== Part XII, Line 4b Reconciliation of expense Internal Invest Costs Revenue reclassed to Revenue 3,988,357 Rental Income, included in revenue 19,335 ---------- Total 4,007,692 ========== Central America and the Caribbean Investments 0 Europe (Including Iceland and Greenland) Investments 0 Sub-Saharan Africa Investments 0 0 0 true false false true true false Schedule F, Part I, Column (F) Activities per Region: Total Expenditures and Investments Due to the extent and indirect tiered partnership structure of the Foundation's investments, this information is not readily available. The Foundation does monitor the investments for Form 926 and Form 8865 filing requirements and files applicable returns as needed which are submitted with Form 990-T. true University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 1100541 Fair Market Value Computer Equip See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 424865 Appraisal Books See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 180000 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 180000 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 27300 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 23000 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 20398 Fair Market Value Audio/Visual Equip See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 17000 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 15238 Fair Market Value Audio/Visual Equip See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 14950 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 14950 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 14000 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 14000 Appraisal Grand Piano See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 13200 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 10456 Fair Market Value Medical Equi See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 10000 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 9375 Fair Market Value Computer Equip See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 8500 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 7800 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 7600 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 7500 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 7000 Appraisal Artwork See Sch I, Part IV University of Wisconsin UW Campus Madison WI 53715 396006492 State of WIS 6554 Fair Market Value Medical Equip See Sch I, Part IV UNIVERSITY OF WISCONSIN UW Campus MADISON WI 53715 396006492 STATE OF WIS 234654915 N/A - CASH SEE SCH I, PART IV 1 PART I, QUESTION 2, PART II, COLUMN (H) ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE UNIVERSITY OF WISCONSIN FOUNDATION AIDS THE UNIVERSITY OF WISCONSIN BY SOLYCITING GIFTS OF REAL AND PERSONAL PROPERTY WHICH IT COLLECTS, ADMINISTERS AND DISTRIBUTES FOR THE BENEFIT OF THE UNIVERSITY OF WISCONSIN IN ADVANCING ITS SCIENTIFIC, LITERARY, ATHLETIC AND EDUCATIONAL PURPOSES. THERE IS NO FURTHER MONITORING OF THE USE OF GRANT FUNDS FOLLOWING DISBURSEMENT TO THE UNIVERSITY OF WISCONSIN. X true true X X X true true false false false false false true false Michael M Knetter PRESIDENT AND CEO 448448 0 80000 0 690 0 85000 0 19930 0 634068 0 0 Thomas P Olson Chief Investment Officer 366215 0 90000 0 450 0 25500 0 19930 0 502095 0 0 Julie Van Cleave Chief Investment Officer 221408 0 0 292 0 0 1264 0 222964 0 0 Steven L Hudson Chief Financial Officer 218024 0 0 1980 0 22346 0 19930 0 262280 0 0 Kari Myrland Chief Information Officer 180341 0 0 690 0 3558 0 7370 0 191959 0 0 Russell N Howes Assistant Secretary 175392 0 0 1980 0 18000 0 13205 0 208577 0 0 Alisa A Robertson Assistant Treasurer 167718 0 0 299 0 16885 0 1444 0 186346 0 0 John Dobson Managing Senior Director Inv 274658 0 106605 0 450 0 25500 0 1588 0 408801 0 0 Mark Lefebvre Sr VP for Principal Gifts 99054 0 0 235591 0 10008 0 5825 0 350478 0 0 Daniel Julie Senior Director of Investments 268198 0 40000 0 450 0 25500 0 3030 0 337178 0 0 Jean-Francis Lopez de Valdivia Senior Director of Investments 137846 0 0 0 30645 0 13849 0 10278 0 192618 0 0 Marion Brown Vice President of Development 161015 0 0 3810 0 16398 0 2234 0 183457 0 0 SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB MEMBERSHIPS THE PERSONAL USE PORTION OF MICHAEL M KNETTER'S COUNTRY CLUB MEMBERSHIP WAS INCLUDED IN HIS FORM W-2. Schedule J, Part I, Line 4a Severance payment TWO INDIVIDUALS LEFT THE ORGANIZATION AND RECEIVED SEVERANCE PAYMENTS DURING 2013. DUE TO CONFIDENTIALITY AGREEMENTS, NEITHER THE NAMES NOR THE AMOUNTS ARE DISCLOSED HERE. HOWEVER, THE AMOUNTS ARE PROPERLY INCLUDED IN PART II OF THIS SCHEDULE. SCHEDULE J, PART I, LINE 4B PERSONS PARTICIPATING IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN MICHAEL KNETTER PARTICIPATES IN A 457(B) AND 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN OF THE UNIVERSITY OF WISCONSIN FOUNDATION. THE UNIVERSITY OF WISCONSIN FOUNDATION CONTRIBUTED $17,500 AND $42,000 RESPECTIVELY TO THESE PLANS DURING 2013. SCHEDULE J, PART I, LINE 7 ORGANIZATION PROVIDING NON-FIXED PAYMENTS NOT DESCRIBED IN LINES 5 & 6 BEGINNING WITH CALENDAR YEAR 2007, THE INVESTMENT COMMITTEE OF THE UNIVERSITY OF WISCONSIN FOUNDATION BOARD INSTITUTED AN INCENTIVE COMPENSATION PLAN FOR SELECTED PARTICIPANTS OF THE UW FOUNDATION INVESTMENT MANAGMENT GROUP. THE BOARD OF DIRECTORS AND THE PRESIDENT OF THE UNIVERSITY OF WISCONSIN FOUNDATION APPROVED THE ESTABLISHMENT OF THE PLAN WHICH IS DETAILED BELOW: PARTICIPANTS: CHIEF INVESTMENT OFFICER, SENIOR DIRECTORS OF INVESTMENTS AND OTHERS RECOMMENDED BY THE PRESIDENT AND CEO AND APPROVED BY THE INVESTMENT COMMITTEE AND BUDGET AND PERSONNEL COMPENSATION SUBCOMMITTEE. INCENTIVE COMPENSATION: PARTICIPANTS ARE ELIGIBLE FOR AWARDS RANGING FROM ZERO TO 50% OF THEIR ANNUAL BASE CASH COMPENSATION EARNED IN THE FISCAL YEAR UNDER REVIEW. THE PRESIDENT AND CEO, IN CONSULTATION WITH THE CHAIR OF THE INVESTMENT COMMITTEE, RECOMMENDS APPROPRIATE PERCENTAGE AWARDS BASED UPON A RETROSPECTIVE ASSESSMENT OF PERFORMANCE AGAINST GOALS ON A SET OF WEIGHTED FACTORS CUSTOMIZED FOR EACH ELIGIBLE EMPLOYEE. THESE ASSESSMENTS ARE COMPLETED AS DATA BECOMES AVAILABLE FOR THE PRIOR FISCAL YEAR, TYPICALLY DURING THE MONTH OF FEBRUARY, AND ARE SUBSEQUENTLY PRESENTED TO THE BUDGET AND PERSONNEL COMPENSATION SUBCOMMITTEE FOR APPROVAL. INCENTIVE COMPENSATION AWARDED UNDER THIS PLAN WILL NOT TRIGGER ADDITIONAL CONTRIBUTIONS TO THE FOUNDATION'S DEFINED CONTRIBUTION PENSION PLAN. FACTORS TO CONSIDER: IN DETERMINING THE PERCENTAGE OF SALARY TO BE AWARDED, EACH ELIGIBLE PARTICIPANT WILL BE EVALUATED ON INVESTMENT RETURN RESULTS AS WELL AS NON-FINANCIAL FACTORS RELATED TO HIS/HER PERFORMANCE. THE SPECIFIC FACTORS, COMPARISONS, TIMEFRAMES AND WEIGHTINGS WILL BE DETERMINED BY THE INVESTMENT COMMITTEE CHAIR, IN CONSULTATION WITH THE PRESIDENT AND CEO, BASED ON EACH INDIVIDUAL PARTICIPANT'S ROLE, LENGTH OF SERVICE, ASSET CLASS RESPONSIBILITY AND OTHER RELEVANT FACTORS. THESE PERSONALIZED PERFORMANCE MEASURES WILL BE DOCUMENTED IN MATRICES, AND APPROVED BY THE BUDGET AND PERSONNEL COMPENSATION SUBCOMMITTEE FOR EACH PARTICIPANT PRIOR TO THE BEGINNING OF THE FISCAL YEAR TO BE MEASURED. METHOD OF PAYMENT: PAYMENTS WILL BE AWARDED AS CASH OR DEFERRED COMPENSATION, THE LATTER SUBJECT TO APPROPRIATE IRS AND SEC REGULATIONS. PARTICIPANTS MAY SELECT THE FORM OF COMPENSATION IN INCREMENTS OF 25%. JEFFREY D WIESNER DIRECTOR 4000 SCHOLARSHIP Scholarship Robert W Baird Co Inc Director on the board 808953 Investment Management Fees false Form 990, Schedule L, Part III, Line 1 Grants or assistance benefiting interested persons Director Jeffrey D. Wiesner's son received approximately 4,000 dollars in merit based scholarship from the industrial and systems engineering department of University of Wisconsin. These scholarships are awarded by a committee of faculty and administrative staff within the department. The corpus that endows the scholarships is managed by the UW Foundation. Form 990, Schedule L, Part IV, Line 1 Business Transaction Involving Interested Person The UW Foundation paid Robert W. Baird & Co., Inc. $808,953 for investment management. Cory Nettles, a UW Foundation director, is a director at Robert W. Baird & Co., Inc. X 39 563696 APPRAISAL/OTHER X 433662 APPRAISAL/OTHER X 357 35310821 OTHER X 2 92034 OTHER X 4 212403 other X 29 973746 other X 6 2099185 APPRAISAL X Computer Equipment for UWF 2 1109915 OTHER X audio/visual Equipment 2 35636 OTHER X MEDICAL EQUIPMENT 2 17010 OTHER X GRAND PIANO 1 14000 OTHER X MACK TRUCK 1 4900 OTHER X HORSE 1 4800 OTHER X EVENT HOSTING 4 3589 OTHER X LIFE INSURANCE POLICIES 3 3124 OTHER X EVENT ITEMS 3 2380 OTHER X OTHER EQUIPMENT 5 1354 OTHER X ROYALTIES 3 3 OTHER 22 false true true SCHEDULE M, PART I, COLUMN B COLUMN B REPORTING EXPLANATION THE ORGANIZATION IS REPORTING NUMBER OF CONTRIBUTIONS IN COLUMN B OF SCHEDULE M, PART I. SCHEDULE M, PART I, LINE 32 THIRD PARTIES AND NON-CASH CONTRIBUTIONS The University of Wisconsin Foundation hires real estate agents (at arm's length), as necessary, to sell real estate that is not transferred to the University of Wisconsin. PART V, QUESTION 4A & 4B FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES: THE ORGANIZATION HAS EVALUATED ITS FOREIGN OFFSHORE INVESTMENT FUND HOLDINGS BASED ON RECENT IRS GUIDANCE AND IS NOT SUBJECT TO THE FILING OF FORM TD F 90-22.1 TO REPORT ITS INTERESTS IN FOREIGN FINANCIAL ACCOUNTS. THESE ACCOUNTS ARE FOREIGN OFFSHORE INVESTMENT FUND HOLDINGS AND DO NOT MEET THE DEFINITION OF FOREIGN MUTUAL FUNDS REQUIRING DISCLOSURE. Part VI, Section A, Question 2 Reportable Business Relationships: Paul S. Shain and Ted D. Kellner - business relationship Paul S. Shain, Ted D. Kellner, and Michael Knetter - business relationship PART VI, SECTION A, QUESTION 4 SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS: The compensation section of the bylaws has changed. The bylaws now state the following: 3.13. Compensation. The board of directors shall not be paid compensation for their services to the corporation, which the exception of the President and CEO. The Other committees section of the bylaws has changed. The Bylaws now state the following: 3.16. Other Committees. The board of directors, by resolution adopted by the affirmative vote of a majority of the directors, may designate one or more other committees, each committee to consist of at least three or more directors nominated by the Chair and appointed by the board of directors, which shall have and may exercise, when the board of directors is not in session, powers of the board of directors in the management of the business and affairs of the corporation to the extent provided in each committee's charter as initially adopted by resolution of the board and as thereafter supplemented or amended by further resolution adopted by a like vote, except with respect to electing general officers or filling vacancies on the board of directors or committees. Each such committee shall fix its own rules governing the conduct of its activities, consistent with these bylaws, and shall make such reports to the board of directors of its activities as the board of directors may request. Any committee may establish one or more subcommittees and delegate powers and duties of the committee to such subcommittees to carry out the committee's functions and mission. The scope and charter of any subcommittee when created shall be reported to the Chair. Unless the board of directors otherwise decides, the board of directors shall have the following committees in addition to the Executive Committee. 3.16.1. Governance and Nominating Committee. The purpose of the Governance and Nominating Committee shall be to assist the board of directors in fulfilling its responsibility in the monitoring and oversight of governance matters and to make recommendations to the board of directors regarding matters of governance. In addition, this committee shall recommend to the board of directors, candidates to serve as (1) Members of the corporation, and (2) members of the board of directors, and (3) officers of the corporation. 3.16.2. Audit Committee. The purpose of the Audit Committee shall be to (1) oversee the quality and integrity of the accounting, auditing, and reporting practices of the corporation, (2) engage and approve the work of the independent auditor, and (3)oversee the corporation's compliance with any applicable legal and regulatory requirements. 3.16.3. Budget and Personnel Committee. The purpose of the Budget and Personnel Committee shall be to (1) oversee the budgeting process of the corporation, in general, and (2) oversee and approve staffing, compensation and benefit plans, and (3) set the compensation plan for the President and CEO and other officers with approval of the board of directors. 3.16.4. Investment Committee. The purpose of the Investment Committee shall be to serve as the investment fiduciary responsible for the prudent management of the corporation's investment portfolios. 3.16.5. Development Committee. The purpose of the Development Committee of the University of Wisconsin Foundation is to learn about development best practices and compare those best practices to the current practices of the Foundation with the goal of recommending changes where appropriate. PART VI, SECTION A, QUESTION 6 ORGANIZATION'S MEMBERS: ACCORDING TO UNIVERSITY OF WISCONSIN FOUNDATION BYLAWS, ARTICLE II. MEMBERS: "2.01. NUMBER. THE CORPORATION SHALL HAVE AT LEAST ONE HUNDRED (100) MEMBERS AND NO MORE THAN FIVE HUNDRED (500) MEMBERS, THE EXACT NUMBER TO BE DETERMINED FROM TIME TO TIME BY THE NUMBER OF PERSONS ELECTED TO MEMBERSHIP." "2.02. QUALIFICATIONS. MEMBERS SHALL BE NATURAL PERSONS. MEMBERSHIP SHALL BE PERSONAL TO A MEMBER AND NO MEMBERSHIP OR RIGHTS OF A MEMBER SHALL BE ASSIGNED OR TRANSFERRED IN ANY MANNER. IT SHALL NOT BE A CONDITION OF MEMBERSHIP THAT A PERSON SHALL HAVE BEEN A GRADUATE OR STUDENT OR FORMER STUDENT OF A UNIVERSITY OR COLLEGE, OR SHALL HAVE HELD ANY OFFICE, POSITION OR MEMBERSHIP IN ANY OTHER ORGANIZATION, PUBLIC OR PRIVATE." PART VI, SECTION A, QUESTION 7A MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF GOVERNING BODY: ACCORDING TO UNIVERSITY OF WISCONSIN FOUNDATION BYLAWS, ARTICLE II. MEMBERS: "2.09. NOTICE OF MEETING. WRITTEN NOTICE STATING THE DATE, TIME, AND PLACE OF THE MEETING AND, IN THE CASE OF A SPECIAL MEETING, THE PURPOSE OR PURPOSES FOR WHICH THE MEETING IS CALLED, SHALL BE GIVEN NOT LESS THAN FIVE (5) DAYS NOR MORE THAN FIFTY (50) DAYS BEFORE SUCH MEETING BY OR AT THE DIRECTION OF THE CHAIR, IF THE CHAIR CALLED THE MEETING, OR THE SECRETARY, IF THE BOARD OF DIRECTORS CALLED THE MEETING OR THE SECRETARY CALLED THE MEETING AT THE REQUEST OF MEMBERS, TO EACH MEMBER ENTITLED TO VOTE AT SUCH MEETING. NOTICE MAY BE GIVEN IN PERSON OR BY ANY RELIABLE MEANS OF COMMUNICATION PERMITTED BY WISCONSIN STATUTES, INCLUDING E-MAIL, FACSIMILE TRANSMISSION, OR CONVENTIONAL MAIL. IF MAILED, SUCH NOTICE SHALL BE DEEMED TO BE DELIVERED WHEN DEPOSITED IN THE UNITED STATES MAIL, ADDRESSED TO THE MEMBER AT HIS/HER ADDRESS AS IT APPEARS IN THE RECORDS OF THE CORPORATION WITH POSTAGE THEREON PREPAID." "2.10. QUORUM. TWENTY PERCENT (20%) OF THE MEMBERS ENTITLED TO VOTE, REPRESENTED IN PERSON OR BY PROXY, SHALL CONSTITUTE A QUORUM AT A MEETING OF THE MEMBERS. IF A QUORUM IS PRESENT, THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE MEMBERS REPRESENTED AT THE MEETING AND ENTITLED TO VOTE ON THE SUBJECT MATTER SHALL BE THE ACT OF THE MEMBERS UNLESS THE VOTE OF A GREATER NUMBER IS REQUIRED BY LAW. THOUGH LESS THAN A QUORUM OF THE MEMBERS ARE REPRESENTED AT A MEETING, A MAJORITY OF THE MEMBERS SO REPRESENTED MAY ADJOURN THE MEETING FROM TIME TO TIME WITHOUT FURTHER NOTICE. AT SUCH ADJOURNED MEETING AT WHICH A QUORUM SHALL BE PRESENT OR REPRESENTED, ANY BUSINESS MAY BE TRANSACTED WHICH MIGHT HAVE BEEN TRANSACTED AT THE MEETING AS ORIGINALLY NOTIFIED." "2.12. VOTING OF MEMBERS. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES ENTITLED TO BE CAST BY MEMBERS PRESENT, IN PERSON OR BY PROXY, AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACT OF THE MEMBERS, UNLESS A GREATER NUMBER OF VOTES IS REQUIRED BY LAW, THE ARTICLES OF INCORPORATION OR THESE BYLAWS." PART VI, SECTION A, QUESTION 7B DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS: ACCORDING TO UNIVERSITY OF WISCONSIN FOUNDATION BYLAWS, ARTICLE VIII. AMENDMENTS: "8.01. BY MEMBERS. THESE BY-LAWS MAY BE ALTERED, AMENDED OR REPEALED AND NEW BY-LAWS MAY BE ADOPTED BY THE MEMBERS BY AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF THE VOTES ENTITLED TO BE CAST BY THE MEMBERS PRESENT IN PERSON OR REPRESENTED BY PROXY AT A MEETING OF MEMBERS AT WHICH QUORUM IS PRESENT, UNLESS A GREATER VOTE IS REQUIRED BY LAW, THE ARTICLES OF INCORPORATION, OR THESE BYLAWS." PART VI, SECTION B, QUESTION 11B PROCESS ORGANIZATION USES TO REVIEW FORM 990: THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM IN COORDINATION WITH THE UNIVERSITY OF WISCONSIN FOUNDATION FINANCE DEPARTMENT. ONCE A DRAFT OF THE FORM 990 IS RECEIVED FROM THE INDEPENDENT CERTIFIED ACCOUNTING FIRM, REVIEW OF THE RETURN IS COMPLETED BY THE SENIOR ACCOUNTANT OF THE UNIVERSITY OF WISCONSIN FOUNDATION WHO HOLDS A MASTERS OF TAXATION DEGREE AND IS A CERTIFIED PUBLIC ACCOUNTANT. THE RETURN IS ALSO REVIEWED BY THE CHIEF FINANCIAL OFFICER AND/OR CONTROLLER OF THE UNIVERSITY OF WISCONSIN FOUNDATION. THE CERTIFIED PUBLIC ACCOUNTING FIRM MAKES ANY NECESSARY ADJUSTMENTS AND PROVIDES A REVISED RETURN. UPON RECEIPT OF A FINAL DRAFT THE RETURN IS REVIEWED BY THE AUDIT COMMITTEE OF THE UNIVERSITY OF WISCONSIN FOUNDATION PRIOR TO SIGNATURE AND FILING. PRIOR TO FILING THE FORM 990 IS PROVIDED ELECTRONICALLY OR IN PAPER FORM TO ALL BOARD MEMBERS FOR REVIEW. ISSUES OR QUESTIONS FROM BOARD MEMBERS REGARDING THE TAX RETURN ARE RESOLVED PRIOR TO FILING THE RETURN AND INCORPORATED INTO THE RETURN IF REQUIRED. IN THE EVENT THERE ARE CHANGES, A REVISED FINAL VERSION IS SENT TO ALL BOARD MEMBERS WITH DETAILED DESCRIPTIONS OF THE CHANGES. PART VI, SECTION B, QUESTION 12C HOW ORGANIZATION MONITORS AND ENFORCES CONFLICT OF INTEREST POLICY: ALL OFFICERS, DIRECTORS, KEY EMPLOYEES, AND EMPLOYEES OF THE UNIVERSITY OF WISCONSIN FOUNDATION ARE COVERED UNDER THE FOUNDATION'S CONFLICT OF INTEREST POLICY. OFFICERS, DIRECTORS, KEY EMPLOYEES, AND EMPLOYEES ARE TO DISCLOSE INTERESTS THAT MAY LEAD TO A CONFLICT. OFFICERS, DIRECTORS, AND KEY EMPLOYEES COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE INTERESTED PARTY MUST FULLY DISCLOSE ANY POTENTIAL CONFLICTS AND COMPLETELY RECUSE HIM/HERSELF FROM THE DISCUSSION AND ANY RELATED VOTE. PART VI, SECTION B, QUESTIONS 15A & 15B PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT: ANNUALLY THE COMPENSATION SUBCOMMITTEE OF THE BUDGET AND PERSONNEL COMMITTEE MEETS TO: 1) DETERMINE AND APPROVE THE PRESIDENT'S PAY, AND 2) REVIEW AND APPROVE THE PAY RECOMMENDATIONS MADE BY THE PRESIDENT FOR ALL OTHER OFFICERS. THE COMPENSATION SUBCOMMITTEE IS COMPOSED OF THE FOLLOWING MEMBERS OF THE BOARD: CHAIRMAN, VICE CHAIR, BUDGET AND PERSONNEL COMMITTEE CHAIR, AND SELECT OTHER BOARD MEMBERS. THE SUBCOMMITTEE REVIEWS SALARY SURVEYS ADMINISTERED BY PROFESSIONAL COMPENSATION CONSULTANTS THAT INCLUDE BIG TEN, BIG 12 AND OTHER UNIVERSITY FOUNDATIONS AND DEVELOPMENT DEPARTMENTS. THE SUBCOMMITTEE USES THIS MARKET DATA IN CONJUNCTION WITH INDIVIDUAL JOB PERFORMANCE AND THE FOUNDATION'S COMPENSATION PHILOSOPHY TO BE COMPETITIVE ON A NATIONAL BASIS FOR SIMILAR JOBS IN SIMILAR ORGANIZATIONS AS A BASIS FOR REVIEWING AND APPROVING ANY RECOMMENDATIONS. ACTIONS TAKEN ARE REFLECTED IN THE MINUTES OF EACH COMMITTEE MEETING. MINUTES ARE DISTRIBUTED, REVIEWED, AND OFFICIALLY APPROVED AT SUBSEQUENT MEETINGS. PART IV, SECTION C, LINE 19 HOW ORGANIZATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC Following Documents available on the organization's website at: www.supportuw.org/about-us/tax-legal/ -Restated Articles of Incorporation -By-Laws -Form 1023 Application for Exemption -IRS Tax Determination Letter -Audited Financial Statements -Form 990 -Form 990-T The conflict of interest policy is available upon request. UW-MADISON SUPPORTING ORGANIZATION INC 1848 UNIVERSITY AVENUE MADISON WI 53726 391947636 SUPPORT ORG. WI 501(c)(3) 11A TYPE I UNIV WI FNTN true THE EVJUE FOUNDATION INC PO BOX 8060 MADISON WI 53708 396073981 SUPPORT ORG WI 501(c)(3) 11A TYPE 1 NA false TERRY FAMILY FOUNDATION INC 6048 S HIGHLANDS AVE MADISON WI 53705 391831024 SUPPORT ORG WI 501(c)(3) 11A TYPE 1 NA false CHARITABLE REMAINDER UNITRUST - 133 TRUST WI UW FOUNDATION TRUST CHARITABLE REMAINDER ANNUITY TRUST - 11 TRUST WI UW FOUNDATION TRUST POOLED INCOME FUND A - 23 POOLED FUND WI UW FOUNDATION TRUST POOLED INCOME FUND B - 9 POOLED FUND WI UW FOUNDATION TRUST POOLED INCOME FUND D - 3 POOLED FUND WI UW FOUNDATION TRUST Fairbrough Corporation 1848 University Avenue Madison WI 537264090 391080567 Investment Prprty WI UW Foundation C Corp 0 33581 1.00000 true false false true true false false false false false false false false true true false false false true UW-MADISON SUPPORTING ORGANIZATION INC C 91989 CASH VALUE CHARITABLE REMAINDER UNITRUSTS - 4 S 670560 CASH VALUE POOLED INCOME FUND A - 3 S 122714 CASH VALUE POOLED INCOME FUND B - 3 S 74954 CASH VALUE SCHEDULE R, PART V, LINES 1M & 1N TRANSACTIONS WITH RELATED ORGANIZATIONS THE UNIVERSITY OF WISCONSIN FOUNDATION SHARES FACILITIES, EQUIPMENT, AND PAID EMPLOYEES WITH THE UNIVERSITY OF WISCONSIN SUPPORTING ORGANIZATION; HOWEVER, THE EXACT DOLLAR AMOUNT OF SUPPORT PROVIDED IS NOT READILY DETERMINABLE.