2014-05-09T09:00:22-05:00 2013-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2012-07-01 160865182 UNIVERSITY AT BUFFALO FOUNDATION INC % EDWARD P SCHNEIDER UNIV 7166453011 BOX 900 Suite BUFFALO NY 14226 EDWARD P SCHNEIDER 7166453011 2014-05-08 true 6179881000 2012 2015-11-30 17:44:51Z EDWARD P SCHNEIDER BOX 900 BUFFALO NY 14226 239642835 false X WWW.UBFOUNDATION.BUFFALO.EDU X 1962 NY THE MISSION OF THE UNIVERSITY AT BUFFALO FOUNDATION, INC. IS TO SUPPORT AND PROMOTE THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY AT BUFFALO, STATE UNIVERSITY OF NEW YORK. 22 20 0 57 126957 -74070 42135205 26213294 26262 441749 18217108 39958991 -57177 -24125 60321398 66589909 50964936 50353381 0 0 0 0 0 0 0 2975011 4360586 53939947 54713967 6381451 11875942 730790069 799614398 146195791 159114023 584594278 640500375 THE MISSION OF THE UNIVERSITY AT BUFFALO FOUNDATION, INC. IS TO SUPPORT AND PROMOTE THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY AT BUFFALO, STATE UNIVERSITY OF NEW YORK. false false 50353381 50353381 441749 SUPPORT FUNDS MADE AVAILABLE TO A UNIVERSITY AT BUFFALO FOUNDATION, INC. AFFILIATE TO FURTHER THE EDUCATION MISSION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO. THESE FUNDS ARE THE RESULT OF GIFT REVENUES AND SPENDABLE AMOUNTS GENERATED THROUGH THE INVESTMENT OF THE LONG-TERM PORTFOLIO. THE FUNDS ARE ADMINISTERED SUBJECT TO DONOR RESTRICTIONS AND THE UNIVERSITY'S NEEDS. 2641193 27108090 INVESTMENTS ARE MANAGED UNDER THE SUPERVISION OF UBF'S BOARD INVESTMENT COMMITTEE. MORE THAN FORTY PROFESSIONAL INVESTMENT MANAGERS CURRENTLY SHARE IN THE ADMINISTRATION OF THE PORTFOLIO, WITH PERFORMANCE MONITORED BY THE TRUSTEES. INCLUDED IN THIS TOTAL ARE CERTAIN INVESTMENTS, KNOWN AS THE LONG-TERM PORTFOLIO AND HAVING A MARKET VALUE OF $752,378,787 AT JUNE 30, 2013, WHICH ARE MANAGED AND ADMINISTERED ON A POOLED BASIS. THE PERFORMANCE OF THE PORTFOLIO IS ESSENTIAL TO THE EDUCATION MISSION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO. 1719393 UBF PROVIDED ADVICE AND COUNSEL REGARDING PHILANTHROPY AND FUNDRAISING, AND PROCESSED AND MANAGED GIFT REVENUES ON BEHALF OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO TO SUPPORT THE EDUCATION MISSION OF THE UNIVERSITY. 54713967 true true false true false false false true false true true true false false true true false true false false true false false false true false false true false true false false false false false false false false true true false false false true false false false true 61 0 true 0 true true false false false false true true false false false false X 22 20 false false false false false false false true true false false true true true true true true false false true true NY X X EDWARD P SCHNEIDER 7166453011 BOX 900 BUFFALO NY 14226 RAVINDAR BANSAL 1.0 4.0 X 0 0 0 GREGORY BAUER 1.0 X 0 0 0 GARY BICHLER 1.0 4.0 X 0 0 0 THOMAS BLACK 1.0 4.0 X 0 0 0 WAYNE BLANK 1.0 X 0 0 0 HELEN CAPPUCCINO 1.0 X 0 0 0 RANDALL CLARK 1.0 2.0 X 0 0 0 MICHAEL CROPP 1.0 X 0 0 0 ROBERT DENNING 1.0 2.0 X X 0 0 0 BEVERLY FOIT-ALBERT 1.0 4.0 X 0 0 0 JUDITH ITTIG 1.0 4.0 X 0 0 0 JEREMY JACOBS 1.0 2.0 X 0 0 0 ASHOK KAVEESHWAR 1.0 X 0 0 0 FRANCIS LETRO 1.0 X X 0 0 0 ANTHONY MARTINO 1.0 X 0 0 0 GERALD MAZURKIEWICZ 1.0 2.0 X 0 0 0 MURRAY ROSENTHAL 1.0 X 0 0 0 EILEEN SILVERS 1.0 2.0 X 0 0 0 KEITH STOLZENBURG 1.0 X 0 0 0 SATISH TRIPATHI 1.0 X 0 265000 0 MARGARET WONG 1.0 X 0 0 0 LAWRENCE ZIELINSKI 1.0 2.0 X 0 0 0 RICHARD HEATH 1.0 X 0 0 0 EDWARD SCHNEIDER 20.0 40.0 X 0 179441 45231 0 444441 45231 0 false true false MERCER 101 SOUTH HANLEY ROAD ST LOUIS MO 63105 INVST. CONSULTANT 477815 SILCHESTER INTERNATIONAL INVESTORS 780 THIRD AVENUE 42ND FLOOR NEW YORK NY 10017 ASSET MANAGEMENT 301577 AXIOM INTERNATIONAL INVESTORS 33 BENEDICT PLACE GREENWICH CT 06830 ASSET MANAGEMENT 169305 PRIME PROPERTY NYC 225 WEST 12TH STREET NEW YORK NY 10014 REAL ESTATE 129578 CANYON CAPITAL ADVISORS 2000 AVENUE OF THE STARS LOS ANGELES CA 90067 ASSET MANAGEMENT 123580 8 58440 188193 25966661 1390889 26213294 VARIOUS SUPPORT PROGRAMS 611710 441749 441749 441749 12429587 0 -294357 12723944 0 0 0 0 0 0 0 200452195 0 172922791 27529404 0 27529404 27108090 421314 0 106010 188193 130135 -24125 0 -24125 0 0 0 0 0 66589909 27549839 126957 12699819 50353381 50353381 0 0 0 0 0 0 0 0 0 11428 11428 0 0 0 0 10000 10000 0 2641193 2641193 0 0 0 0 0 0 0 0 0 0 0 2500 2500 0 ACADEMIC SUPPORT 1645692 1645692 ADMINISTRATIVE SUPPORT 41451 41451 ALUMNI SUPPORT 212 212 TAXES AND FILING FEES 8110 8110 54713967 54713967 0 0 0 527913 0 0 30946397 33803318 961188 1621159 0 0 0 0 1668243 1603104 0 0 0 0 5870013 5861263 0 8750 384492053 422361039 303230546 330017748 0 0 0 0 9491642 9671367 730790069 799614398 685428 563866 0 0 0 0 0 0 0 0 0 0 0 0 0 0 145510363 158550157 146195791 159114023 X 78814449 93394746 358901974 394982119 146877855 152123510 584594278 640500375 730790069 799614398 X 11875942 40083755 3946400 X false true X true false X 15420358 18370648 65679868 42078028 26213294 167762196 0 0 15420358 18370648 65679868 42078028 26213294 167762196 40684050 127078146 7249538 9154477 10581867 10120561 12429587 49536030 0 0 217298226 0.58481 0.65750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 10000 10000 false false LOBBYING PART II-b, LINE 1I UNIVERSITY AT BUFFALO FOUNDATION, INC. OBTAINED SERVICES FROM A LEGISLATIVE CONSULTANT DURING THE TAX YEAR. 179725 9671367 X X X X false 511019818 7726217 61466694 3056716 20873265 1890365 554392383 494791126 46506700 1280283 3866448 26015974 1675869 511019818 428851098 9186963 83532204 2867435 22349075 1562629 494791126 410463565 3627009 41282787 2569671 21079376 2873216 428851098 230406285 234442699 -41236870 2561263 8928447 1658839 410463565 0.53600 0.24200 0.22200 true false 5857513 5857513 12500 3750 8750 8750 NON-PUBLIC FIXED INCOME 13998801 F NON-PUBLIC EQUITY 55744308 F PRIVATE EQUITY PARTNERSHIPS 79821641 F HEDGE FUNDS 143546861 F NON-PUBLIC REAL ESTATE 34432009 F OTHER INVESTMENTS 2474128 F 330017748 0 ANNUITY AND LIFE INCOME PAYABLE 6651280 DEPOSITS HELD IN CUSTODY 6758724 PAYABLE TO AFFILIATES 145140153 158550157 X 110750199 40083755 3946400 44030155 66720044 -130135 -130135 66589909 54844102 130135 130135 54713967 54713967 DESCRIPTION OF ORGANIZATION'S COLLECTIONS AND HOW FURTHERS EXEMPT PURPOSE PART III, LINE 4 THE ORGANIZATION'S FINE ARTS COLLECTION CONSISTS OF WORKS OF ART, RARE ARTIFACTS, RARE BOOKS, VALUABLE FURNITURE, AND OTHER VARIOUS ITEMS. THE COLLECTION IS EXHIBITED BOTH ON AND OFF THE UNIVERSITY AT BUFFALO'S CAMPUS AND IS USED IN STUDENT STUDIES AND PUBLIC SHOWINGS TO FURTHER THE EDUCATION MISSION OF THE UNIVERSITY AT BUFFALO. INTENDED USES OF ENDOWMENT FUND PART V, LINE 4 THE ENDOWMENT FUNDS ARE HELD TO BENEFIT THE UNIVERSITY AT BUFFALO. ENDOWMENT FUNDS ARE INVESTED TO MAXIMIZE INVESTMENT RETURN WHILE PRESERVING THE INFLATION-ADJUSTED PURCHASING POWER OF THE PORTFOLIO. THIS SHOULD PROVIDE A RELATIVELY PREDICTABLE, CONSTANT AND STABLE (IN REAL TERMS) STREAM OF FUNDS FOR CURRENT USE. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE INTERNAL REVENUE SERVICE HAS RULED THAT UNIVERSITY AT BUFFALO FOUNDATION, INC. IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, GENERALLY NOT SUBJECT TO TAX ON RELATED INCOME UNDER PRESENT FEDERAL INCOME TAX LAWS, AND IS ALSO NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. UNIVERSITY AT BUFFALO FOUNDATION, INC. FOLLOWS THE PROVISIONS OF ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHEREBY IT RECOGNIZES INCOME TAX POSITIONS WHEN IT IS MORE-LIKELY THAN-NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT NEED TO BE RECORDED AT JUNE 30, 2013. OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XI, LINE 2D CHANGE IN ACTUARIAL VALUE...................................$3,946,400 OTHER REVENUE INCLUDED ON FORM 990 NOT IN F/S PART XI, LINE 4B RECLASS OF FUNDRAISING EXPENSES.............................($130,135) OTHER EXPENSES INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XII, LINE 2D RECLASS OF FUNDRAISING EXPENSES...............................$130,135 Europe (Including Iceland and Greenland) Investments 17925643 Central America and the Caribbean Investments 135919888 153845531 153845531 true false true true true false ANNUAL GALA 294203 188193 106010 0 23541 16978 39217 0 50399 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 294203 188193 106010 0 23541 16978 39217 0 50399 130135 -24125 true UB FOUNDATION ACTIVITIES INC BOX 900 BUFFALO NY 14226 161372561 501(C)(3) 50353381 EDUCATION SUPPORT 1 0 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. PART I, LINE 2 UNIVERSITY AT BUFFALO FOUNDATION, INC.'S ASSISTANCE TO ORGANIZATIONS IN THE U.S. CONSISTS OF SUPPORT TO CHARITABLE ORGANIZATION'S. WHILE THE ORGANIZATION DOES NOT MONITOR THE USE OF THESE FUNDS, THE ORGANIZATION ONLY CONTRIBUTES TO OTHER CHARITABLE ORGANIZATIONS WHOSE MISSION AND WORK ARE WELL KNOWN BY THE ORGANIZATION AND ARE TRUE TO THEIR CHARITABLE PURPOSES. THE ORGANIZATIONS RECEIVING BENEFIT DO NOT UTILIZE THE FUNDS FOR POLITICAL ENDEAVORS. false false false false false false false false false SATISH TRIPATHI 0 265000 0 0 0 0 0 0 0 0 0 265000 0 0 EDWARD SCHNEIDER 0 179441 0 0 0 0 0 26421 0 18810 0 224672 0 0 COMPENSATION PART I AND PART II UNIVERSITY AT BUFFALO FOUNDATION, INC. DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR KEY EMPLOYEES. CERTAIN INDIVIDUALS RECEIVED COMPENSATION FROM A RELATED ORGANIZATION AND THE PROCESS OF DETERMINING COMPENSATION IS CONDUCTED AT THE RELATED ORGANIZATION'S LEVEL, USING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 8 16323 APPRAISALS X 171095 APPRAISALS X 9780 APPRAISALS/COST X 81 446059 QUOTED PRICE X 2 14500 APPRAISALS X 5 4824 APPRAISALS X EQUIPMENT 8 717606 APPRAISALS X TICKETS 11 10702 COST 3 false true false CONTRIBUTIONS PART I, COLUMN (B) THE UNIVERSITY AT BUFFALO FOUNDATION, INC. REPORTS THE TOTAL NUMBER OF CONTRIBUTIONS IN COLUMN (B). FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B AFTER THE FORM 990 HAS BEEN PREPARED AND COMPLETED INTERNALLY IT IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. AN EXTERNAL REVIEW OF THE FORM 990 IS THEN PERFORMED BY THE ORGANIZATION'S OUTSIDE ACCOUNTANTS (KPMG). THE ORGANIZATION'S BOARD OF TRUSTEES HAS DELEGATED THE REVIEW PROCESS TO THE AUDIT COMMITTEE OF THE UNIVERSITY AT BUFFALO FOUNDATION, INC. THE FORM 990 IS DISCUSSED AT A MEETING OF THE AUDIT COMMITTEE PRIOR TO FILING THE RETURN. UPON COMPLETION OF THEIR REVIEW, IT IS PROVIDED TO THE FULL BOARD OF TRUSTEES, ALSO PRIOR TO THE FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS FORM 990, PART VI, LINE 12C ALL DIRECTORS AND OFFICERS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. ALL DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO PROVIDE ANY UPDATED INFORMATION ON POTENTIAL CONFLICTS THAT ARISE PRIOR TO THE COMPLETION OF THE DISCLOSURE STATEMENT. ALL DISCLOSURE STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL. ALL SITUATIONS THAT ARE DEEMED TO REPRESENT A CONFLICT AS DESCRIBED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ARE REPORTED TO THE BOARD CHAIR. THE CONFLICTED INDIVIDUAL MUST RECUSE HIMSELF OR HERSELF DURING THE DISCUSSION OF AND VOTING ON AN ACTION THAT INVOLVES THE IDENTIFIED CONFLICT. OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE FORM 990, PART VI, LINE 19 THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND THE FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN ACTUARIAL VALUE.....................................$3,946,400 UB FOUNDATION ACTIVITIES INC BOX 900 BUFFALO NY 14226 161372561 EDUCATION SVC NY 501(C)(3) 11B NA true UB FOUNDATION SERVICES INC BOX 900 BUFFALO NY 14226 161331699 EDUCATION SVC NY 501(C)(3) 11B NA true UBF CORPORATION BOX 900 BUFFALO NY 14226 510164454 EDUCATION SVC NY 501(C)(2) N/A NA true FNUB INC BOX 900 BUFFALO NY 14226 161537468 EDUCATION SVC NY 501(C)(3) 11B NA true UNIV AT BUFFALO FOUND INCUBATOR INC BOX 900 BUFFALO NY 14226 161301210 EDUCATION SVC NY 501(C)(3) 11B NA true UBF FACULTY - STUDENT HOUSING CORP BOX 900 BUFFALO NY 14226 161372560 EDUCATION SVC NY 501(C)(3) 11B NA true CHARITABLE REMAINDER ANNUITY TRUST (5) BOX 900 BUFFALO NY 14226 EDUCATION NY NA TRUST 0.00000 true CHARITABLE REMAINDER UNITRUST (21) BOX 900 BUFFALO NY 14226 EDUCATION NY NA TRUST 0.00000 true true true false true false true false false false false false false false true true false false false false CRUT A 10650 ACCRUAL CRUT F 330868 ACCRUAL CRAT F 11792 ACCRUAL UB FOUNDATION ACTIVITIES INC B 50353381 ACCRUAL UBF FACULTY - STUDENT HOUSING CORP D 79909589 ACCRUAL