2014-02-12T14:57:20-06:00 2013-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2012-07-01 237104179 THE GENESEO FOUNDATION INC GENE 5852455518 1 COLLEGE CIRCLE ERWIN HALL RM NO 202 GENESEO NY 144541485 KEVIN GAVAGAN 5852490778 2014-02-04 1 MICHELLE CAIN P00150750 5854231860 2014-02-04 2012 2015-11-30 17:44:51Z KEVIN GAVAGAN 1 COLLEGE CIRCLE ERWIN HALL RM NO 202 GENESEO NY 144541485 4183338 0 X FOUNDATION.GENESEO.EDU X 1971 NY THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 30 30 2 35 0 0 5492513 2634680 315505 386719 377439 480987 17952 15028 6203409 3517414 822939 923582 0 0 136124 137555 0 0 146442 1682651 1351513 2641714 2412650 3561695 1104764 23500134 26845840 420251 366456 23079883 26479384 X THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 0 0 516937 516937 THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $516,937. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 350790 350790 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $350,790. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 988657 55855 386719 COLLEGE ACTIVITIES WERE SUPPORTED BY THE GENESEO FOUNDATION TO ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. EXAMPLES INCLUDE PROFESSIONAL CONFERENCES/CONVENTIONS/MEETINGS, PURCHASES OF EQUIPMENT FOR CAMPUS IMPROVEMENT PROJECTS, SUPPORT FOR SPEAKERS AND GUEST LECTURERS, MEMBERSHIP FEES, PURCHASES OF PROFESSIONAL PUBLICATIONS AND PRINTING OF CAMPUS PUBLICATIONS, NEWSLETTERS AND BROCHURES, RECEPTIONS FOR LECTURERS,INTERNSHIP PRESENTATIONS, FACULTY/STUDENT AWARD PROGRAMS, AND MINORITY STUDENT PROGRAMS. 1856384 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 25 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X THE GENESEO FOUNDATION INC 5852455518 SUNY GENESEO-ERWIN 202 GENESEO NY 144541485 X ROBERT J AVALLONE 1.00 X 0 0 0 JOHN T CAMIOLO 1.00 X X 0 0 0 JOSEPH L CARR 1.00 X 0 0 0 CHARLES KLEMAN 1.00 X 0 0 0 JAMES F CARRIERO 1.00 X 0 0 0 JAMES N LEARY 1.00 X X 0 0 0 DANIEL G LOUGHRAN 1.00 X 0 0 0 GREGORY O'CONNELL 1.00 X 0 0 0 MYRTLE A MERRITT EMERITA 1.00 X 0 0 0 JANE RYAN 1.00 X 0 0 0 ERIC RORAPAUGH 1.00 X 0 0 0 BRIAN J SALUZZO 1.00 X 0 0 0 JACK KRAMER 2.00 X X 0 0 0 KEVIN GAVAGAN 2.00 X X 0 0 0 JEFFREY J CLARKE 1.00 X 0 0 0 JENNIFER DUNLAP 1.00 X 0 0 0 JAMES S HOUSTON 1.00 X 0 0 0 RAYMOND L KOTCHER 1.00 X 0 0 0 FRANK L VAFIER 1.00 X 0 0 0 DANIEL B WARD 1.00 X 0 0 0 EDWARD PETTINELLA 1.00 X 0 0 0 DAVID C TURNER 1.00 X 0 0 0 GEORGE W SPEEDY 1.00 X 0 0 0 MICHAEL J EBLE 1.00 X 0 0 0 JOHN A GLEASON 1.00 X 0 0 0 DIANE M WILKENS 1.00 X 0 0 0 KEVIN M CANTY 1.00 X 0 0 0 SUSAN D PERVI 1.00 X 0 0 0 WILLIAM H BROWER III 1.00 X 0 0 0 CHRISTOPHER C DAHL 1.00 X 0 0 0 0 0 0 0 0 0 0 0 356840 30118 2247722 2634680 COLLEGE SERVICE ACTIVI 611710 386719 386719 386719 421537 421537 725374 665924 59450 59450 59450 DELEHANTY TRUST DISTRI 711110 15028 15028 15028 3517414 461197 0 421537 55855 55855 867727 867727 117317 33834 83483 10693 271 10422 9545 2745 6800 58366 58366 23957 23957 153598 50572 22902 80124 1592 1542 50 393182 368482 5489 19211 22057 22057 COLLEGE ACTIVITIES 293157 231879 13633 47645 STEWARDSHIP & COLLEGE R 216308 75883 140425 SUPPLIES 109854 106433 1272 2149 MISCELLANEOUS 44616 1517 43075 24 34826 37587 -2761 2412650 1856384 409824 146442 277251 148069 290495 140616 3230496 2523476 51376 39474 182116 275192 3460 1606 1069334 357234 734157 712100 17840429 22137973 890354 867334 23500134 26845840 83660 88990 336591 277466 420251 366456 X 3491369 4148202 5694081 7951498 13894433 14379684 23079883 26479384 23500134 26845840 X 1104764 2313745 -19008 X X 0 1 X 1 0 X 2326882 2919967 2954870 5492513 2453158 16147390 1338635 2151862 2943631 2190231 1976971 10601330 3665517 5071829 5898501 7682744 4430129 26748720 1629458 25119262 245557 268335 326268 370179 421383 1631722 38403 17131 17827 17952 15028 106341 28486783 1729229 0.88180 0.87320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 810715 X X 0 16841797 1593500 2760196 57514 21137979 14243746 2480000 168181 50130 16841797 11329022 634000 2325120 44396 14243746 7943700 2244292 1175526 34496 11329022 9131682 565625 -1483074 238403 32130 7943700 0.37560 0.62440 1 0 146913 146913 852022 286835 565187 70399 70399 0 712100 REAL ESTATE & RELATED PROPERTY 114000 C COMMONFUND EQUITY FUND 21137979 F CASH EQUIVALENTS & SHORT TERM INVESTMENTS 14939 F STATE ST/CLOVER BOND FUNDS 463254 F STATE ST/CLOVER EQUITIES 217178 F SCOTTRADE EQUITIES 190623 F 22137973 ANNUITY & LIFE INCOME OBLIGATION 277466 277466 7602216 2313745 1795449 59058 4168252 3433964 68422 15028 83450 3517414 4149733 1795449 1795449 2354284 58366 58366 2412650 PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED GAIN/(LOSS) - DELEHANTY TRUST 49,156. INTEREST AND DIVIDEND INCOME FROM DELEHANTY TRUST 9,902. PART XI, LINE 4B - OTHER ADJUSTMENTS: DELEHANTY TRUST DISTRIBUTIONS 15,028. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NET OF DELEHANTY TRUST FEES 58,366. 1 SUNY GENESEO ONE COLLEGE CIRCLE GENESEO NY 14454 146013200 501(C)(3) 55855 TO ASSIST THE COLLEGE IN PROVIDING ACTIVITIES THAT WILL ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $516,937. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 490 516937 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $350,790. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 322 350790 X 1 2760 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE BOARD,REVIEWED FOR ACCURACY AND FILED UPON APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED TO COMPLETE A STATEMENT AT THE FIRST MEETING OF THE YEAR STATING WHAT, IF ANY CONFLICTS OF INTEREST HAVE ARISEN. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT -36,370. LIFE INCOME OBLIGATION ADJUSTMENTS -16,612. UNREALIZED GAINS ENDOWMENT FUNDS-DELEHANTY 33,974. FORM 990, PART XI, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS. FORM 990, SCHEDULE R, PART V, LINES 1M & 1N SUNY GENESEO CONTRIBUTES PERSONNEL, OFFICE SPACE, EQUIPMENT, AND OTHER SUPPORT TO THE FOUNDATION AS REQUIRED IN PURSUIT OF ITS AFFAIRS. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF EMPLOYEES WHO DEVOTE THEIR EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. THE VALUE OF THE PERSONNEL TIME, FACILITIES, EQUIPMENT AND OTHER SUPPORT CONTRIBUTED BY THE COLLEGE HAS BEEN ESTIMATED BY FOUNDATION MANAGEMENT AT $1,976,971 FOR THE YEAR ENDED JUNE 30, 2013.