2025-12-04T06:01:17+00:00 2025-06-30 991856619 Grant Thornton Advisors LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172023 990 2024-07-01 141368361 The Research Foundation for The State University of New York RESE 5184347050 PO BOX 9 ALBANY NY 12201 Ryan Farrell Chief Financial Officer 5184347050 2025-12-04 true DANIEL ROMANO P00504182 2125990100 2025-12-04 2024 2025-03-06 01:10:19Z DR MELUR K RAMASUBRAMANIAN PO BOX 9 ALBANY NY 12201 2365794726 false X WWW.RFSUNY.ORG X 1951 NY SEE SCHEDULE O. 17 15 15627 1298 2317705 735146 1176927600 1545187170 199089889 208736230 29632575 57321084 37886009 47580379 1443536073 1858824863 0 0 769511912 847415284 19950 22165 22165 689148514 801367961 1458680376 1648805410 -15144303 210019453 1631066568 1937921505 733526214 736927026 897540354 1200994479 X SEE SCHEDULE O false false 857634436 0 907148 RESEARCH- PROGRAM SERVICE ACCOMPLISHMENTS- SEE SCHEDULE O 122414678 0 380767 PUBLIC SERVICE- PROGRAM SERVICE ACCOMPLISHMENTS- SEE SCHEDULE O 103589073 0 350553 TRAINING AND EDUCATION- PROGRAM SERVICE ACCOMPLISHMENTS - SEE SCHEDULE O 282996691 0 248270335 282996691 248270335 1366634878 true true false true false false false false false true true true false true true true true true false true true false false true false false false false false true false false false false false false false false true false true false false false false true true true true false true 4545 0 true 15627 true true true false false false false false false false false false false false X 17 15 true false false false false false false true true false false false true true true true true true true true true true X X MR RYAN FARRELL 5184347050 PO BOX 9 ALBANY NY 12201 COL TIMOTHY J LAWRENCE DIRECTOR 1.1 0.0 X 0 0 0 DR BAHGAT G SAMMAKIA DIRECTOR 10.0 0.0 X 0 0 0 DR BENJAMIN Z HOULTON DIRECTOR 1.0 0.0 X 0 0 0 DR SATISH K TRIPATHI DIRECTOR 2.0 0.0 X 75000 0 5250 MR ADAM BARSKY DIRECTOR AS OF MAY 2025 2.0 0.0 X 0 0 0 MR DANIEL C TOMSON DIRECTOR 7.0 0.0 X 0 0 0 MR EDWARD M SPIRO DIRECTOR 5.0 0.0 X 0 0 0 MR ERIC L COCHRAN DIRECTOR 2.5 0.0 X 0 0 0 MR MICHAEL CADIGAN DIRECTOR AS OF MAY 2025 2.0 0.0 X 0 0 0 MR ROBERT MEGNA DIRECTOR 7.5 0.0 X 0 0 0 MR ROBERT P BALACHANDRAN DIRECTOR 2.0 0.0 X 0 0 0 MR ROBERT S AZEKE DIRECTOR 1.0 0.0 X 0 0 0 MS ANDREA GOLDSMITH DIRECTOR AS OF MAY 2025 14.0 0.0 X 0 0 0 MS DIANE MINAS DIRECTOR 2.0 0.0 X 0 0 0 MS EILEEN WHELLEY DIRECTOR 5.0 0.0 X 0 0 0 MS HEATHER MULLIGAN DIRECTOR 1.0 0.0 X 0 0 0 MS HILLARY D HANSEN DIRECTOR 2.0 0.0 X 0 0 0 DR MELUR RAMASUBRAMANIAN PRESIDENT 18.8 0.0 X 309950 0 17479 MR BENJAMIN FRIEDMAN CHIEF OPERATING OFFICER AS OF OCTOBER 2024 37.5 0.0 X 83426 0 385 MR CHRISTOPHER ASHLEY GENERAL COUNSEL AND SECRETARY 37.5 0.0 X 312609 0 63580 MR RYAN P FARRELL CHIEF FINANCIAL OFFICER 37.5 0.0 X 254849 0 44786 MS KATHLEEN CAGGIANO-SIINO INTERIM CHIEF OPERATING OFFICER THROUGH OCTOBER 2024 37.5 0.0 X 272195 0 62229 MR JOSHUA B TOAS CHIEF COMPLIANCE OFFICER 37.5 0.0 X 230960 0 76319 MS KERRY GILCHRIST VP INTERNAL AUDIT 37.5 0.0 X 169116 0 37719 MR DAVID ANDERSON PRESIDENT, NY CREATES 37.5 0.0 X 423795 0 55223 MR DAVID MARCUS CIO, STONY BROOK FOUNDATION 37.5 0.0 X 591833 0 64948 MS EILEEN M PEZZI VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIVERSITY 37.5 0.0 X 413650 0 87700 MS LORRAINE L MANZELLA ADMN DIR, UPSTATE UNIV MED ASSOCIATION 37.5 0.0 X 322330 0 58356 MS PATRICIA ARCIERO-CRAIG CHIEF ADMINISTRATIVE OFFICER 37.5 0.0 X 456367 0 23327 3916080 0 597301 774 true true true MedBest Medical Management Incorporated 251 Salina Meadows Parkway Suite 100 Syracuse NY 13212 Payroll Service 9868036 Air Liquide Electronics US LP 9811 KATY FREEWAY SUITE 100 HOUSTON NY 77024 Gas and Chemical MGT 4351062 Huron Consulting Services LLC 1166 6th Ave 3rd Floor New York NY 10036 IT Consulting Services 2426404 Partners Capital Investment Group 600 Atlantic Avenue Boston MA 02210 Investment Consulting 2381350 Bank of New York Mellon Corporation 240 Greenwich Street New York NY 10286 Bank Fees 1207249 177 1004661492 540525678 6977745 1545187170 AGENCY ACTIVITY 561000 208736230 208736230 0 0 0 0 208736230 16248700 -8458 16257158 4081643 4081643 0 0 481004767 67037480 455502470 51467393 25502297 15570087 41072384 41072384 AGENCY FEES 561000 7570332 7570332 SERVICE CENTER REVENUE 541380 9962502 7636339 2326163 ALL OTHER REVENUE 25965902 25965902 0 0 0 0 43498736 1858824863 249908803 2317705 61411185 2323805 2323805 143022 143022 613391837 509398303 103993534 35818625 29635159 6183466 158872869 127119176 31753693 36865126 30501000 6364126 1592474 142132 1450342 370618 35200 335418 393357 393357 22165 22165 4355146 4355146 131491390 99047310 32444080 0 3970294 907423 3062871 124982529 113940988 11041541 16874974 5284520 11590454 3692167 3692167 61683454 40642179 21041275 21053510 16264045 4789465 9730120 5876612 3853508 13766426 10142934 3623492 90373793 84093447 6280346 1905371 143443 1761928 SUBCONTRACTS 157478405 157318034 160371 EQUIPMENT 56628104 51376609 5251495 FELLOWSHIPS 27895981 26728148 1167833 TUITION AND FEES 28480334 26870506 1609828 44649514 27332521 17316993 0 1648805410 1366634878 282148367 22165 111892388 118145895 257885364 301360307 33522327 24533424 0 0 0 0 3642 617 162684 162156 1237908434 691873667 402679444 546034767 200611420 163564189 468325463 576806845 0 8790103 6974578 147193733 200338727 1631066568 1937921505 150447268 174118553 328705074 330558020 2670000 2410000 0 0 134703323 108429480 8947767 117000549 112463206 733526214 736927026 865098087 1166601716 32442267 34392763 897540354 1200994479 1631066568 1937921505 X 210019453 28410913 65023759 X false true true true true X 1093382336 1117457739 1157026914 1176927600 1545187170 6089981759 0 0 1093382336 1117457739 1157026914 1176927600 1545187170 6089981759 520172831 5569808928 11342525 22194631 15414680 22269743 20329870 91551449 663251 416400 252170 616417 735685 2683923 206753270 201964859 21164068 27695219 41172573 498749989 6682967120 1010644345 0.83343 0.81786 X Schedule A, Part II OTHER INCOME SEE ATTACHMENT Schedule A, Part II, Line 10 Other Income DESCRIPTION - AGENCY FEES, COLUMN A - 6652471.0, COLUMN B - 6547825.0, COLUMN C - 6969783.0, COLUMN D - 7094542.0, COLUMN E - 7570332.0, COLUMN F - 34834953.0; DESCRIPTION - OTHER EDUC. SUPPORT SERVICES, COLUMN A - 24774767.0, COLUMN B - 18054374.0, COLUMN C - 8693974.0, COLUMN D - 11492466.0, COLUMN E - 25965902.0, COLUMN F - 88981483.0; DESCRIPTION - EQUITY PARTNERSHIP, COLUMN A - 2448062.0, COLUMN B - 2285326.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 4733388.0; DESCRIPTION - AGENCY DIRECT, COLUMN A - XXX-XX-XXXX.0, COLUMN B - XXX-XX-XXXX.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - XXX-XX-XXXX.0; DESCRIPTION - SERVICE CENTER REVENUE, COLUMN A - , COLUMN B - , COLUMN C - 5500311.0, COLUMN D - 9108211.0, COLUMN E - 7636339.0, COLUMN F - 22244861.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 393357 false false 393357 false Schedule C, Part II-B DESCRIPTION OF LOBBYING ACTIVITIES THE REPORTED EXPENDITURES ARE INCURRED BY THE RF AS FISCAL AGENT FOR THE STATE UNIVERSITY OF NEW YORK (SUNY) SYSTEM ADMINISTRATION AND MANY OF SUNY'S 64 MEMBER INSTITUTIONS WITH REGARD TO FEDERAL, STATE, AND LOCAL LEGISLATION AND DIRECT FUNDING SUPPORT FOR VARIOUS PROJECTS TO BE SPONSORED BY OR ADMINISTERED BY NUMEROUS SUNY CAMPUSES. BECAUSE THE RF ACTS AS FISCAL AGENT FOR SUNY AND ITS MEMBER INSTITUTIONS, EXPENDITURES INCURRED BY SUNY AND THE RF REGARDING FEDERAL LEGISLATION AND FUNDING ARE REPORTED ON THE APPROPRIATE FEDERAL LOBBY DISCLOSURE ACT (LDA) FORM LD-2. EXPENDITURES FOR STATE AND LOCAL LEGISLATION AND APPROPRIATIONS ARE REPORTED BY SUNY CONSISTENT WITH APPLICABLE NEW YORK STATE AND NEW YORK CITY LAW AND REGULATIONS. 32442267 2760822 570326 34632763 30942246 3221718 1466697 255000 32442267 20413138 10000000 1308883 631617 148158 30942246 23891429 -2220280 1058953 199058 20413138 20196756 0 4782698 899663 188362 23891429 0.0 0.0 1.0 true false 324204048 251196288 73007760 913704386 440677379 473027007 546034767 Closely-held equity interests Financial derivatives ABSOLUTE MULTISTRATEGY FUNDS 98559747 F INVEST IN EQUITY PARTNERSHIPS 7980371 F CREDIT SECURITIES FUNDS 29571844 F GLOBAL EQUITIES FUNDS 192038518 F HEDGED EQUITIES FUNDS 52566605 F PRIVATE EQUITY FUNDS 137184100 F POOLED ENDOWMENT 28392763 F FORWARD HEDGE SHORT TERM 25613149 F FORWRD HEDGE LONG TERM 4899748 F 576806845 Due From Broker 45606005 Royalty Receivable 470000 Deferred Compensation Plan Assets 10105394 Right To Use Asset - Operating Lease 89184727 Post Retirement Benefit Asset 54535773 Prepaids - Long Term 436828 200338727 Federal Income Taxes Deferred Comp Plan Liability 10105394 Interest Rate Swap 93570 Due to Broker 12560528 Operating Leases 89703714 Post Retirement Benefit Liability 112463206 X 1738743156 28410913 65023759 93434672 1645308484 4780149 208736230 213516379 1858824863 1435289031 0 0 1435289031 4780149 208736230 213516379 1648805410 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS DESCRIBED IN THIS SECTION CONSIST OF THREE AWARDS FROM THE NATIONAL INSTITUTE ON MINORITY HEALTH AND HEALTH DISPARITIES (NIMHD), TWO OF WHICH WERE FULLY COLLECTED BY THE RF. THE THIRD ENDOWMENT GRANT WAS AWARDED IN JUNE 2023 AND SCHEDULED TO BE RECEIVED IN $2.0 MILLION INCREMENTS OVER THE FIRST FIVE YEAR-PERIODS OF THE GRANT. UNDER THESE GRANTS THE ENDOWMENT RETURNS ARE TO BE USED TO FACILITATE MINORITY AND HEALTH DISPARITIES RESEARCH. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FOOTNOTE 2(o) OF THE JUNE 30, 2025 AUDITED FINANCIAL STATEMENTS CONTAINS THE FOLLOWING LANGUAGE REGARDING FIN 48 (ASC 740): THE RF IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE RF RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 POST RETIREMENT CHANGE - 34531794 SWAP CHANGE - -20932 FORWARD CONTRACT - 30512897 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements AGENCY ACTIVITY - XXX-XX-XXXX Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements AGENCY ACTIVITY - XXX-XX-XXXX Central America and the Caribbean 9 Program Services Organized Research 145303 Central America and the Caribbean 1 Program Services Public Services 46535 East Asia and the Pacific 87 Program Services Training 3724565 East Asia and the Pacific 1 2 Program Services Organized Research 289794 East Asia and the Pacific 13 Program Services Public Services 192525 Europe (Including Iceland and Greenland) 22 Program Services Organized Research 1882655 Europe (Including Iceland and Greenland) 3 Program Services Public Services 39681 Europe (Including Iceland and Greenland) 4 Program Services Educational Support 151264 Middle East and North Africa 15 Program Services Organized Research 185045 North America (Canada & Mexico only) 25 Program Services Organized Research 376164 North America (Canada & Mexico only) 0 Program Services PUBLIC SERVICES 11254 North America (Canada & Mexico only) 3 Program Services Educational Support 2635 South America 2 Program Services Organized Research 6149 South Asia 0 Program Services Public Services 7121 Sub-Saharan Africa 0 Program Services Training 272261 Sub-Saharan Africa 1 17 Program Services Organized Research 413014 Central America and the Caribbean 0 Investments 35634714 Europe (Including Iceland and Greenland) 0 Investments 823958 North America (Canada & Mexico only) 0 Investments 1509839 2 203 0 0 2 203 7745965 37968511 45714476 true false true true true true Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part V EXPENDITURE RECORDS AND REPORTING THE RF IS NOT A GRANTMAKER, AND WHILE IT DOES NOT MAKE GRANTS TO FOREIGN ORGANIZATIONS OR TO FOREIGN INDIVIDUALS, IT DOES ADMINISTER GRANTS, CONTRACTS AND OTHER SPONSORED PROGRAMS FUNDED BY OTHERS, INCLUDING GRANTS WITH ACTIVITY IN FOREIGN COUNTRIES. THE RF COMPLIES WITH SPONSOR REQUIREMENTS AS WELL AS OMB UNIFORM GUIDANCE IN ITS COSTING, ADMINISTRATION, AND RECORD-KEEPING PRACTICES INCLUDING RECORDS OF ALL DISBURSEMENTS AND REPORTS ON THE USAGE OF THE SPONSORS' FUNDS. X X X X X X X true Fabiola Lieberstein-Solera 10 TULIP LN NEWBURGH NY 12550 THIS INDIVIDUAL CONDUCTS RESEARCH ON PROSPECTIVE DONORS AND PROVIDES THAT INFORMATION TO THE CAMPUS FOR FOLLOW UP false 30000 22165 7835 30000 22165 7835 NY Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. FABIOLA LIEBERSTEIN-SOLERA-FUNDS ARE RECEIVED DIRECTLY BY THE ORGANIZATION, THE PROSPECT RESEARCHER DOES NOT HAVE CONTACT WITH THE DONORS.; X X X X true false false false false false false true false MR CHRISTOPHER ASHLEY GENERAL COUNSEL AND SECRETARY 312609 0 0 0 0 0 32760 0 30820 0 376189 0 0 0 MS KATHLEEN CAGGIANO-SIINO INTERIM CHIEF OPERATING OFFICER THROUGH OCTOBER 2024 271795 0 0 0 400 0 26666 0 35563 0 334424 0 0 0 DR MELUR RAMASUBRAMANIAN PRESIDENT 309950 0 0 0 0 0 0 0 17479 0 327429 0 0 0 MR RYAN P FARRELL CHIEF FINANCIAL OFFICER 254449 0 0 0 400 0 28640 0 16146 0 299635 0 0 0 MR JOSHUA B TOAS CHIEF COMPLIANCE OFFICER 230930 0 0 0 30 0 25067 0 51252 0 307279 0 0 0 MS KERRY GILCHRIST VP INTERNAL AUDIT 168716 0 0 0 400 0 20040 0 17679 0 206835 0 0 0 MR DAVID MARCUS CIO, STONY BROOK FOUNDATION 464416 0 127417 0 0 0 35390 0 29558 0 656781 0 0 0 MS EILEEN M PEZZI VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIVERSITY 363650 0 50000 0 0 0 36467 0 51233 0 501350 0 0 0 MS PATRICIA ARCIERO-CRAIG CHIEF ADMINISTRATIVE OFFICER 83846 0 0 0 372521 0 7094 0 16233 0 479694 0 0 0 MR DAVID ANDERSON PRESIDENT, NY CREATES 423795 0 0 0 0 0 24887 0 30336 0 479018 0 0 0 MS LORRAINE L MANZELLA ADMN DIR, UPSTATE UNIV MED ASSOCIATION 322330 0 0 0 0 0 39614 0 18742 0 380686 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment A SEVERENCE PAYMENT WAS MADE DURING THE YEAR TO PATRICIA ARCIERO-CRAIG IN THE AMOUNT OF 339,269 Schedule J, Part I, Line 3 Compensation Of President THE SALARY OF THE PRESIDENT DR. MELUR RAMASUBRAMANIAN, PAID BY THE STATE UNIVERSITY OF NEW YORK WITH REIMBURSEMENT PROVIDED BY THE RESEARCH FOUNDATION, WAS INCLUDED IN SUNY EXECUTIVE COMPENSATION BENCHMARKING AND GOVERNING BODY REVIEW. THE PROCESS TO ESTABLISH THE RF PRESIDENT'S COMPENSATION IS DESCRIBED FURTHER IN SCHEDULE O. Schedule J, Part I, Line 7 NON-FIXED PAYMENTS NON-FIXED PAYMENTS (OTHER REPORTABLE COMPENSATION) INCLUDE PAYMENTS TO MS. EILLEEN PEZZI & MR. DAVID MARCUS FOR PERFORMANCE AWARDS, INDIVIDUAL INCENTIVES UNDER THE RF WELLNESS PROGRAM AND RECOGNITION AWARDS. Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - DR MELUR RAMASUBRAMANIAN, COMPENSATION FROM UNRELATED ORGANIZATION - 327429.000000, NAME OF UNRELATED ORGANIZATION - THE STATE UNIVERSITY OF NEW YORK, TYPE OF COMPENSATION - SALARY PAID BY THE STATE UNIVERSITY OF NEW YORK . 50% OF HIS SALARY IS REIMBURSED BY THE RESEARCH FOUNDATION FOR HIS ROLE AS PRESIDENT. Jennifer Sammakia FAMILY MEMBER OF BOARD MEMBER 143022 EMPLOYEE COMPENSATION false X DONATED EQUIPMENT 50 762269 Market value X DONATED EQUIPMENT 52 5858857 Other - NET BOOK VALUE X DONATED EQUIPMENT 1 356619 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Other - DONATED EQUIPMENT ITEMS RECEIVED Other - DONATED EQUIPMENT ITEMS RECEIVED Other - DONATED EQUIPMENT ITEMS RECEIVED Form 990, Part I, Line 1 Mission MISSION OF THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK: A. TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF THE STATE UNIVERSITY OF NEW YORK TO PROVIDE MORE EXTENSIVE EDUCATIONAL OPPORTUNITIES FOR AND SERVICE TO ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND TO THE PEOPLE OF THE STATE OF NEW YORK, BY MAKING AND ENCOURAGING GIFTS, GRANTS, CONTRIBUTIONS AND DONATIONS OF REAL AND PERSONAL PROPERTY TO OR FOR THE BENEFIT OF THE STATE UNIVERSITY OF NEW YORK; B.TO RECEIVE, HOLD AND ADMINISTER GIFTS OR GRANTS, AND TO ACT WITHOUT PROFIT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS, OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTS OF THE STATE UNIVERSITY OF NEW YORK; AND C. TO FINANCE THE CONDUCT OF STUDIES AND RESEARCH IN ANY AND ALL FIELDS OF THE ARTS AND SCIENCES, OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTS OF THE STATE UNIVERSITY OF NEW YORK. Form 990, Part III, Line 4a Program Service Accomplishments- Research THE RF PROVIDES SUNY FACULTY AND STAFF WITH ADMINISTRATIVE SUPPORT FOR RESEARCH GRANTS AND AWARDS THAT ARE FUNDED BY SPONSORS (FEDERAL AND STATE GOVERNMENTS, PRIVATE SECTOR COMPANIES AND NONPROFIT FOUNDATIONS). THE ADMINISTRATIVE SUPPORT INCLUDES SERVICES SUCH AS HIRING PERSONNEL NECESSARY TO CONDUCT THE RESEARCH, PURCHASING EQUIPMENT AND SUPPLIES, PREFUNDING EXPENSES PRIOR TO SPONSOR REIMBURSEMENT AND PROVIDING FINANCIAL REPORTS TO THE SPONSORS. THESE RESEARCH GRANTS AND AWARDS ENCOMPASS A WIDE RANGE OF DISCIPLINES INCLUDING IN ARTIFICIAL INTELLIGENCE, CLEAN ENERGY, BIOTECHNOLOGY, LONGEVITY, SUBSTANCE ADDITCITION, NEXTGEN QUANTUM COMPUTING, ENVIRONMENTAL HEALTH, AND RESLIANCY. THE RF SUPPORTED 6,100 RESEARCH GRANTS AND AWARDS THAT WERE CONDUCTED BY 2,600 FACULTY MEMBERS (PRINCIPAL INVESTIGATORS) DURING THE FISCAL YEAR ENDED JUNE 30, 2025. THIS YEAR, RESEARCH AT SUNY LED TO APPROXIMATELY 310 INVENTION DISCLOSURES, 70 ISSUED U.S. PATENTS, 40 LICENSE AND OPTION AGREEMENTS EXECUTED, AND 290 PATENT APPLICATIONS FILED. AS OF JUNE 30, 2025 THERE WERE OVER 150 STARTUPS IN OPERATION. Form 990, Part III, Line 4b Program Service Accomplishments- Public Service SUNY FACULTY AND STAFF CONDUCT VARIOUS PROGRAMS THAT BENEFIT LOCAL COMMUNITIES AND BEYOND SUCH AS PROVIDING WORKFORCE DEVELOPMENT SERVICES, EDUCATIONAL AND THERAPEUTIC SERVICES TO CHILDREN THROUGH EARLY INTERVENTION PROGRAMS AND COORDINATING SMALL BUSINESS DEVELOPMENT CENTER ACTIVITIES. FUNDING FOR THESE GRANTS AND PROGRAMS IS PROVIDED BY SPONSORS TO THE RF ON BEHALF OF SUNY. THE RF SUPPORTS THE FACULTY AND STAFF BY PERFORMING THE FOLLOWING ADMINISTRATIVE TASKS: HIRING PERSONNEL THE FACULTY NEEDED TO HELP CONDUCT THE PROGRAM, PURCHASING NECESSARY EQUIPMENT AND SUPPLIES AND REIMBURSING TRAVEL COSTS THAT ARE PROVIDED FOR BY THE GRANT, SUBMITTING FINANCIAL REPORTS REQUIRED BY THE SPONSORS, AND ENSURING COMPLIANCE WITH FEDERAL AND STATE REGULATIONS AND THE SPONSOR'S TERMS AND CONDITIONS. THE RF SUPPORTED APPROXIMATELY 680 PUBLIC SERVICE GRANTS AND AWARDS THAT WERE CONDUCTED BY 370 PRINCIPAL INVESTIGATORS DURING THE FISCAL YEAR ENDED JUNE 30, 2025. Form 990, Part III, Line 4c Program Service Accomplishments- Training and Education SUNY FACULTY AND STAFF ARE AWARDED GRANTS AND CONTRACTS FOR TRAINING AND EDUCATION PROGRAMS THAT HELP BUILD SKILLS AND DISSEMINATE SUNY EXPERTISE. THE PROGRAMS ARE DESIGNED TO HELP PEOPLE OF ALL AGES IN NEW YORK STATE AND AROUND THE WORLD, SUCH AS TEACHERS AND HEALTH CARE WORKERS. THE RF PROVIDES ADMINISTRATIVE SERVICES THAT ALLOW SUNY FACULTY AND STAFF TO FOCUS ON THESE PROGRAMS. THESE ADMINISTRATIVE SERVICES INCLUDE: HIRING PERSONNEL TO HELP CONDUCT PROGRAMS, PURCHASING NECESSARY EQUIPMENT AND SUPPLIES AND REIMBURSING TRAVEL COSTS THAT ARE PROVIDED FOR BY THE GRANT, SUBMITTING FINANCIAL REPORTS REQUIRED BY THE SPONSOR, AND ENSURING COMPLIANCE WITH FEDERAL AND STATE REGULATIONS AND THE SPONSOR'S TERMS AND CONDITIONS. THE RF SUPPORTED APPROXIMATELY 560 TRAINING AND EDUCATIONAL GRANTS AND AWARDS THAT WERE CONDUCTED BY 370 PRINCIPAL INVESTIGATORS DURING THE FISCAL YEAR ENDED JUNE 30, 2025. UNDER THE PROGRAM SERVICES INCLUDED ON LINES 4A THROUGH 4C, THE RF EMPLOYED APPROXIMATELY 10,800 INDIVIDUALS. Form 990, Part III, Line 4d DESCRIPTION OF OTHER PROGRAM SERVICES THE RF PROVIDES SERVICES TO CAMPUS-RELATED ORGANIZATIONS ACROSS 31 SUNY LOCATIONS AND TO RF AFFILIATES - SEPARATE, PRIVATE CORPORATIONS THAT SUPPORT CAMPUS GOALS TO CONDUCT COLLABORATIVE RESEARCH PROJECTS, EMPOWER SMALL BUSINESS INCUBATION, AND MANAGE AND DEVELOP REAL ESTATE. THE RF OFFERS HUMAN RESOURCES/PAYROLL AND PURCHASING/PAYABLES ADMINISTRATIVE SERVICES TO THESE ORGANIZATIONS. CAMPUS RELATED ORGANIZATIONS ARE CREATED TO SUPPORT SUNY'S MISSION; EXAMPLES OF SUCH ORGANIZATIONS ARE CAMPUS FOUNDATIONS AND CLINICAL PRACTICE PLANS AT THE SUNY MEDICAL INSTITUTIONS. APPROXIMATELY 1,800 INDIVIDUALS WERE EMPLOYED BY THE RF FOR THESE PROGRAM SERVICES. THE RF ALSO ADMINISTERS GRANTS AND CONTRACTS SUCH AS SCHOLARSHIPS AND FELLOWSHIPS FOR SUNY STUDENTS THAT ARE FUNDED BY EXTERNAL SPONSORS AND ADMINISTERS PROGRAMS SUCH AS THE SUNY TECHNOLOGY ACCELERATOR FUND (TAF), WHICH ENABLES FACULTY INVENTORS AND SCIENTISTS TO DEMONSTRATE THAT THEIR PROMISING IDEAS HAVE COMMERCIAL POTENTIAL THROUGH FEASIBILITY STUDIES, PROTOTYPING, AND TESTING. THE REMAINING APPROXIMATELY 3,000 INDIVIDUALS EMPLOYED BY THE RF WERE MAINLY CORPORATE STAFF SUPPORTING THE PROGRAMS DESCRIBED IN LINES 4A THROUGH 4D. FOR MORE INFORMATION ABOUT THE RF GO TO WWW.RFSUNY.ORG. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 282,996,691 including grants of $ 0)(Revenue $ 248,270,335) Form 990, Part VI, Line 2 Business and Family Relationships The following individuals are or were members of the RF Board during the tax year and were also employed by the State University of New York (SUNY): Directors Goldsmith, Megna, Sammakia, Tripathi. These business relationships are not reportable on schedule L, nor did they give rise to transactions reportable on schedule L. Form 990, Part VI, Line 11b Review of form 990 by governing body THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO SUBMISSION ACCORDING TO THE AUDIT COMMITTEE CHARTER. THE RF PROVIDED A COMPLETE COPY OF THE FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES) AS ULTIMATELY FILED WITH THE IRS, TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE RF MONITORS CONFLICTS OF INTEREST FOR DIRECTORS, OFFICERS AND KEY EMPLOYEES BY DOING AN ANNUAL CERTIFICATION OF BUSINESS AND FAMILY RELATIONSHIPS. ANY DIRECTORS WITH A RELATIONSHIP THAT MAY BE PERCEIVED AS CONSTITUTING A CONFLICT OF INTEREST WILL RECUSE HIM/HERSELF FROM THE VOTE ON THAT ISSUE. UNDER THE RF'S CONFLICT OF INTEREST POLICY AND MANAGEMENT OF CONFLICTS OF INTEREST PROCEDURE, IF A POTENTIAL CONFLICT IS IDENTIFIED, IT IS REVIEWED BY AN IMPARTIAL INDIVIDUAL OR GROUP WITH CONSULTATION AS NEEDED WITH THE CHIEF COMPLIANCE OFFICER. IF A CONFLICT IS DETERMINED TO EXIST, A MANAGEMENT PLAN IS PUT IN PLACE TO MITIGATE THE CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, RF OFFICERS, KEY EMPLOYEES AND COMPENSATED DIRECTORS MEETS THE REBUTTABLE PRESUMPTION PROVISION UNDER TREAS. REG. §53.4958-6. THE RF BOARD HAS DESIGNATED THE EXECUTIVE COMMITTEE, MADE UP OF INDEPENDENT MEMBERS, TO ACT AS THE COMPENSATION COMMITTEE FOR THE RF ACCORDING TO THE EXECUTIVE COMMITTEE CHARTER. COMPENSATION FOR THE RF'S TOP MANAGEMENT OFFICIAL WAS SET BY THE RF BOARD OF DIRECTORS IN CONJUNCTION WITH THE STATE UNIVERSITY OF NEW YORK. THIS REVIEW OF REASONABLENESS IS BASED UPON APPROPRIATE BENCHMARKING DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. THAT CONSULTANT WAS RETAINED BY THE EXECUTIVE COMMITTEE DURING THE TAX YEAR TO GATHER COMPARABLE LOCAL MARKET AND NATIONAL DATA TO CREATE BENCHMARKS FOR ALL OFFICER POSITIONS AND THE RF RETAINS CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS IN ORDER TO CONFORM WITH THE TREASURY DEPARTMENT'S REBUTTABLE PRESUMPTION RULES UNDER TREAS. REG. §53.4958-6. Form 990, Part VI, Line 15b Process to establish compensation of other employees AS NOTED ABOVE THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, RF OFFICERS, KEY EMPLOYEES AND COMPENSATED DIRECTORS MEETS THE REBUTTABLE PRESUMPTION PROVISION UNDER TREAS. REG. §53.4958-6. THE RF BOARD HAS DESIGNATED THE EXECUTIVE COMMITTEE, MADE UP OF INDEPENDENT MEMBERS, TO ACT AS THE COMPENSATION COMMITTEE FOR THE RF ACCORDING TO THE EXECUTIVE COMMITTEE CHARTER. OTHER RF OFFICERS LISTED IN PART VII ARE ALSO RF EMPLOYEES AND THEREFORE SUBJECT TO THE RF'S EXECUTIVE COMPENSATION POLICY. THAT POLICY STATES, "COMPENSATION OF OTHER RF OFFICERS WILL BE SET BY THE RF PRESIDENT AND WILL BE REVIEWED FOR REASONABLENESS BY THE RF BOARD OF DIRECTORS IN ACCORDANCE WITH THE PROCEDURE FOR REVIEWING EXECUTIVE COMPENSATION." THIS REVIEW OF REASONABLENESS IS BASED UPON APPROPRIATE BENCHMARKING DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. THAT CONSULTANT WAS RETAINED BY THE EXECUTIVE COMMITTEE DURING THE TAX YEAR TO GATHER COMPARABLE LOCAL MARKET AND NATIONAL DATA TO CREATE BENCHMARKS FOR ALL OFFICER POSITIONS AND THE RF RETAINS CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS IN ORDER TO CONFORM WITH THE TREASURY DEPARTMENT'S REBUTTABLE PRESUMPTION RULES UNDER TREAS. REG. §53.4958-6. Form 990, Part VI, Line 19 Required documents available to the public THE RESEARCH FOUNDATION CHARTER, THE 1977 AGREEMENT WITH THE STATE UNIVERSITY OF NEW YORK, THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE ALL AVAILABLE ON THE RF'S PUBLIC WEB SITE AT WWW.RFSUNY.ORG. Form 990, Part VII, Section A, Line 1a Compensation of Directors, Officers, et. al. COMPENSATION IS PAID TO DIRECTORS WHO ARE ALSO FACULTY MEMBERS, CAMPUS PRESIDENTS, OR WHO HAVE OTHER ADMINISTRATIVE ROLES UNRELATED TO THEIR ACTIVITIES AS MEMBERS OF THE BOARD OF DIRECTORS; SUCH COMPENSATION IS RELATED TO THEIR ROLE AS PRINCIPAL INVESTIGATORS, RESEARCH SCIENTISTS, OR AS CAMPUS ADMINISTRATORS. DURING THE TAX YEAR, THE RF PAID DIRECT COMPENSATION TO DIRECTOR TRIPATHI FOR SERVICES PROVIDED IN AN ADMINISTRATIVE ROLE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances LOSS ON INTEREST RATE SWAP - -20932; POST-RETIREMENT CHANGE IN NET ASSETS - 34531794; HEDGE AGREEMENT - 30512897; Total - 65023759; Schedule F, Part V THE RF IS NOT A GRANTMAKER, AND WHILE IT DOES NOT MAKE GRANTS TO FOREIGN ORGANIZATIONS OR TO FOREIGN INDIVIDUALS, IT DOES ADMINISTER GRANTS, CONTRACTS AND OTHER SPONSORED PROGRAMS FUNDED BY OTHERS, INCLUDING GRANTS WITH ACTIVITY IN FOREIGN COUNTRIES. THE RF COMPLIES WITH SPONSOR REQUIREMENTS AS WELL AS OMB UNIFORM GUIDANCE IN ITS COSTING, ADMINISTRATION, AND RECORD-KEEPING PRACTICES INCLUDING RECORDS OF ALL DISBURSEMENTS AND REPORTS ON THE USAGE OF THE SPONSORS' FUNDS. RESEARCH FOUNDATION POST-RETIREMENT BENEFITS PLAN PO BOX 9 ALBANY NY 12201 800412424 BENEFITS NY 501(c)(9) RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK true false false false false false false false false false false false true false false false false true true false RF POST-RETIREMENT BENEFITS PLAN Q 16445858 CASH RF POST-RETIREMENT BENEFITS PLAN R 5969488 CASH RESEARCH FOUNDATION POST-RETIREMENT BENEFITS PLAN THE RELATED ORGANIZATION, "RESEARCH FOUNDATION POST-RETIREMENT BENEFITS PLAN," EIN 80-0412424, IS A SECTION 501(C)(9) VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION (VEBA) TRUST THAT HAS BEEN ESTABLISHED TO PROVIDE POST-RETIREMENT BENEFITS TO ELIGIBLE PARTICIPANTS. THE FILING ORGANIZATION IS THE CONTRIBUTING EMPLOYER AND SPONSORING ORGANIZATION FOR THIS VEBA TRUST. THE TRANSACTIONS LISTED IN SCHEDULE R, PART V, INCLUDE GOVERNANCE PROVIDED BY THE FILING ORGANIZATION OVER THE VEBA'S TRUSTEE (LINE 1L), REIMBURSEMENTS MADE BY THE VEBA TRUST FOR BENEFITS PAID BY THE FILING ORGANIZATION (LINE 1Q) AND THE FILING ORGANIZATION'S FUNDING OF THE ASSETS IN THE VEBA TRUST (LINE 1R).