2014-05-13T14:09:29-05:00 2013-06-30 KPMG LLP 1676 International Drive McLean VA 22102 990 2012-07-01 540485595 University of Virginia Alumni Association % DONNA AREHART UNIV 4342439000 PO BOX 400314 Suite Charlottesville VA 22904 DONNA R AREHART 4342439000 2014-05-09 true SCOTT SHERMAN KPMG LLP 703-286-839 7032868000 2012 2015-11-30 17:44:51Z C THOMAS FAULDERS 211 Emmet Street South CHARLOTTESVILLE VA 22903 41496981 false X www.alumni.virginia.edu X 1838 VA TO BUILD THE STRONGEST BOND BETWEEN THE UNIVERSITY AND ITS ALUMNI BY SERVING THE UNIVERSITY'S ALUMNI AND STUDENTS, SERVING AS THE VOICE AND THE CONSCIENCE OF ALUMNI, AND SERVING THE UNIVERSITY AND ITS MISSION. 39 39 91 1300 620542 -110799 43414000 35566951 4822715 5002993 8916018 719711 170657 196899 57323390 41486554 32210648 43256116 0 0 4682748 4828475 0 0 536655 3678257 3865828 40571653 51950419 16751737 -10463865 248118972 269148717 85785748 92993755 162333224 176154962 X THE MISSION OF THE ALUMNI ASSOCIATION IS TO BUILD THE STRONGEST BOND BETWEEN THE UNIVERSITY AND ITS ALUMNI BY SERVING ALL OF THE UNIVERSITY'S ALUMNI AND STUDENTS, SERVING AS THE VOICE AND THE CONSCIENCE OF ALUMNI, AND SERVING THE UNIVERSITY AND ITS MISSION. false false 44643157 43256116 983513 THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, SERVES THE U.VA. COMMUNITY BY OFFERING FINANCIAL AND ENDOWMENT MANAGEMENT SERVICES. WITH MORE THAN 3,700 ACCOUNTS, THE UVA FUND SERVES-IN A COST-EFFICIENT AND EFFECTIVE MANNER-APPROXIMATELY 600 STUDENT GRANT PROGRAM - ORGANIZATIONS, 200 ALUMNI CLUBS, 13 RELATED FOUNDATIONS, AND HUNDREDS OF ENDOWMENTS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS U.VA. THE ASSOCIATION ALSO MANAGES AND ADMINISTERS NUMEROUS STUDENT SCHOLARSHIPS, AND, THROUGH ITS JEFFERSON TRUST PROGRAM, PROVIDES ANNUAL GRANTS TO PROJECTS THAT ENHANCE THE UNIVERSITY AS A PREEMINENT GLOBAL INSTITUTION OF HIGHER LEARNING. 4003338 754701 HOMECOMINGS & REUNIONS - THROUGH A SERIES OF EVENTS HELD THROUGHOUT THE YEAR, THE ASSOCIATION WELCOMES THOUSANDS OF ALUMNI BACK TO U.VA. IN MEANINGFUL, OFTEN EDUCATIONAL, WAYS THAT STRENGTHEN THE BOND BETWEEN ALUMNI AND THEIR ALMA MATER. THE STEADILY GROWING REUNIONS WEEKEND BRINGS ALUMNI BACK BASED ON CLASS YEAR, WHILE OTHER REUNIONS GEARED FOR THE YOUNGEST AND OLDEST ALUMNI PROVIDE ADDITIONAL OPPORTUNITIES TO RECONNECT WITH THE UNIVERSITY. ADDITIONAL PROGRAMMING INCLUDES SOCIAL AND EDUCATIONAL EVENTS SURROUNDING FOOTBALL GAMES AND MORE THAN 150 STUDENT EVENTS DESIGNED TO BUILD COMMUNITY AND CLASS IDENTITY. 1527336 121321 ALUMNI COMMUNICATIONS - THE ASSOCIATION IS A VIBRANT CENTER OF COMMUNICATIONS FOR ALUMNI, PARENTS, STUDENTS AND FACULTY, USING A VARIETY OF MEDIA, INCLUDING PRINT, ONLINE, MOBILE, TABLET AND VIDEO. THESE PLATFORMS COMBINE TO PROVIDE TIMELY AND ACCURATE COMMUNICATIONS TO THE ASSOCIATION'S CONSTITUENTS IN THE WAYS THEY CHOOSE TO CONSUME INFORMATION, KEEPING THEM WELL INFORMED AND WELL CONNECTED TO THE UNIVERSITY, AS WELL AS TO ONE ANOTHER. THE ASSOCIATION PUBLISHES THE AWARD-WINNING QUARTERLY U.VA. MAGAZINE, WHICH IS DISTRIBUTED TO ALL ALUMNI AND STUDENTS. THIS PUBLICATION IS SUPPLEMENTED BY WEBSITES, SOCIAL MEDIA, ELECTRONIC NEWSLETTERS AND VIDEOS. 50173831 true false false false false false false false false true true true false false true true true false false false true false false false false false false true false true false false false false false false false false true false false false true true true true false false true 291 0 true 91 true true true false false false false true true false false false false false X 39 39 false false false false false false false true true false false true true true true true true true true false AK AZ AR CA CO DC HI IL KS KY ME MD MA MI MN MS NH NJ NM NY OK OR PA RI SC TN UT WA WI X DONNA AREHART 4342439000 ALUMNI HALL CHARLOTTESVILLE VA 229030446 X JAMES T FANG 1.0 0.0 X 0 0 0 SHELLY J JOHNSON 1.0 0.0 X 0 0 0 STEPHEN P SMILEY 1.0 0.0 X 0 0 0 JOAN STAPLETON TOOLEY 1.0 0.0 X 0 0 0 MARIA A ARRIAGA 1.0 0.0 X 0 0 0 SHANNON S CARTER 1.0 0.0 X 0 0 0 SUSAN P CAMPBELL 1.0 0.0 X 0 0 0 ANN H TAYLOR 1.0 0.0 X 0 0 0 MARGARET H ODELBERG 1.0 0.0 X 0 0 0 ATIIM K BARBER 1.0 0.0 X 0 0 0 G MOFFETT COCHRAN 1.0 0.0 X 0 0 0 ELIZABETH P FOSTER 1.0 0.0 X 0 0 0 N WILLIAM JARVIS 1.0 0.0 X 0 0 0 PETER M GRANT II 1.0 0.0 X X 0 0 0 JEFF S LEE 1.0 0.0 X 0 0 0 TIMOTHY G OSHEA 1.0 0.0 X X 0 0 0 NOREEN L POULSON 1.0 0.0 X 0 0 0 MICHELE T TARBET 1.0 0.0 X 0 0 0 TERI S LOVELACE 1.0 0.0 X 0 0 0 BYRON F MARCHANT 1.0 0.0 X 0 0 0 MEREDITH B JENKINS 1.0 0.0 X 0 0 0 J BRADY LUM 1.0 0.0 X 0 0 0 CHRISTIAN D SEARCY 1.0 0.0 X 0 0 0 FRANCES D MCMULLAN 1.0 0.0 X 0 0 0 TERESA A SULLIVAN 1.0 0.0 X 0 0 0 OWEN D GRIFFIN JR 1.0 0.0 X 0 0 0 RAJ R DOSHI 1.0 0.0 X 0 0 0 VICTORIA D HARKER 1.0 0.0 X 0 0 0 PAUL B BARRINGER 1.0 0.0 X 0 0 0 CLIFFORD W BOGUE MD 1.0 0.0 X 0 0 0 ALLISON CRYOR DiNARDO 1.0 0.0 X 0 0 0 JOHN F HARRIS 1.0 0.0 X 0 0 0 MARK A V PINHO 1.0 0.0 X 0 0 0 JAMES E RUTROUGH JR 1.0 0.0 X 0 0 0 MICHAEL C SMITH 1.0 0.0 X 0 0 0 JAMES R SOCAS 1.0 0.0 X 0 0 0 DAVID G SUTTON 1.0 0.0 X 0 0 0 SHERYL W WILBON 1.0 0.0 X 0 0 0 AMY B WRIGHT 1.0 0.0 X 0 0 0 C THOMAS FAULDERS III 40.0 0.0 X 368682 0 36671 DONNA R AREHART 40.0 0.0 X 187948 0 36208 ALEXANDER B NEWELL 40.0 0.0 X 102848 0 30888 MARY C BASS 40.0 0.0 X 112122 0 22795 JASON E LIFE 40.0 0.0 X 100333 0 30416 WAYNE D COZART 40.0 0.0 X 141669 0 24704 ROBERT J VICCELLIO 40.0 0.0 X 123868 0 35977 1137470 0 217659 7 false true false CAVITRONIX CORPORATION 14570 INDUSTRIAL PARK ROAD BRISTOL VA 24202 GRANT - SW VA ED CTR 936026 LANE PRESS PO BOX 130 BURLINGTON VT 05402 PRINTERS 587731 OPTAFUEL 851 FRENCH MOORE JR BLVD ST 124 ABINGDON VA 24210 GRANT - SW VA ED CTR 492950 UNIVERSITY OF VA INVESTMENT MGMT CO PO BOX 400215 CHARLOTTESVILLE VA 229044215 INVESTMENT MNGT FEES 418288 TRAIN PARTNERS ARCHITECTS 1218 EAST MARKET STREET CHARLOTTESVILLE VA 22902 GRANT - SW VA ED CTR 374715 10 1220322 34346629 4575227 35566951 UVA CONTRACTUAL SERVICES 900099 2264526 2264526 GRANTS 900099 58000 58000 ADMIN. SVC. FEE 900099 925513 925513 COMMISSIONS 900099 75634 75634 ADVERTISING 541700 645966 121321 524645 1033354 937457 95897 5002993 730138 0 0 730138 0 196899 0 0 196899 0 0 0 10427 -10427 -10427 -10427 0 0 0 0 41486554 4382451 620542 916610 43256116 43256116 0 0 0 637460 253334 249247 134879 0 2986128 2597073 293119 95936 399403 296853 59955 42595 551653 444878 76639 30136 253831 197633 33827 22371 0 29073 305 28768 71388 14078 57310 0 0 0 0 106203 99701 6502 1144862 1055943 20825 68094 22305 20579 1138 588 0 568331 205756 277385 85190 27986 25684 2282 20 0 0 0 0 236235 108138 77812 50285 69606 13964 49149 6493 SPECIAL EVENTS 1531464 1525434 5975 55 PRINTING AND PUBLICATIONS 51852 51839 13 ALL OTHER EXPENSES 6523 6523 51950419 50173831 1239933 536655 X 0 0 25931523 27108034 6887370 6891432 0 0 0 0 0 0 0 0 0 0 66030 83304 8797846 5234953 3658340 3562893 40705294 52394425 159453757 167748410 0 0 0 0 11416658 11360219 248118972 269148717 1004224 1068101 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84781524 91925654 85785748 92993755 X 54270940 57423623 67771016 75896747 40291268 42834592 162333224 176154962 248118972 269148717 -10463865 24285603 X false true X true false X 29400335 26232449 31295394 43414000 35566951 165909129 0 0 29400335 26232449 31295394 43414000 35566951 165909129 0 165909129 920063 941074 1126086 8924581 927037 12838841 0 5035863 5025570 5108966 4993372 5189465 25353236 204101206 0 0.81288 0.81540 X false false 162333224 34346629 25064096 6420213 39168774 176154962 145041867 58777566 8437996 6499813 43424392 162333224 116364394 28888861 34670779 34882167 0 145041867 104947058 23843826 19610095 32036585 0 116364394 130068977 27281650 -36982861 15420708 0 104947058 0.32600 0.24320 0.43080 true false 112388 112388 5956792 4029435 1927357 1442503 758012 684491 1286163 447506 838657 3562893 PRIVATE EQUITY 7248499 F LONG/SHORT EQUITY 47599862 F REAL ESTATE 17024365 F CREDIT 22127670 F ABSOLUTE RETURN 26813461 F RESOURCES 10969763 F CASH AND ACCRUALS 7172774 F BUYOUT 28721064 F PORTFOLIO OVERLAYS 70952 F 167748410 0 RELATED ORGANIZATIONS 89033492 OTHER LIABILITIES 428554 ANNUITY & LIFE OBLIGATIONS 2463608 91925654 X 65772157 24285603 24285603 41486554 41486554 51950419 51950419 51950419 FIN 48 FOOTNOTE SCHEDULE D FIN 48 FOOTNOTE THE ASSOCIATION IS REQUIRED TO RECOGNIZE A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN BASED ON A 'MORE-LIKELY THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE ASSOCIATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V THE ASSOCIATION'S ENDOWMENTS CONSIST OF APPROXIMATELY 3,300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES IN FURTHERANCE OF THE ASSOCIATION'S MISSION,INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS, TERM ENDOWMENTS,AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. THE ENDOWMENTS SUPPORT SPECIFIC PROGRAMS, SCHOLARSHIPS, STUDENT ACTIVITES, AND UNIVERSITY-RELATED ORGANIZATIONS. true Central America and the Caribbean Program Services STUDENT RESEARCH 24812 East Asia and the Pacific Program Services STUDENT RESEARCH 39250 Europe (Including Iceland and Greenland) Program Services STUDENT RESEARCH 82105 North America Program Services STUDENT RESEARCH 3189 South America Program Services STUDENT RESEARCH 744 South Asia Program Services STUDENT RESEARCH 400 150500 150500 false false false false false false PART I The UVa Fund provides funds for an extensive range of multidisciplinary work reflecting international interests. These funds promote the engagement of faculty and students in the development of multidisciplinary scholarship and research projects that address social justice, sustainable economic development, public health, global interconnection, and public service. Funds are used to pay for speakers, travel and hands-on learning opportunities for students and faculty. true UNIVERSITY OF VIRGINIA PO Box 400229 Charlottesville VA 229044229 546001796 501(C)(3) 43256116 PROGRAM SUPPORT 1 N/A U.VA FUND SCHEDULE I, PART I THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, MANAGES HUNDREDS OF ENDOWMENTS, SCHOLARSHIPS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS THE UNIVERSITY COMMUNITY. DETAILED RECORDS OF ALL GIFTS, SCHOLARSHIPS AND ENDOWMENT FUNDS RECEIVED BY THE ASSOCIATION ARE PERMANENTLY FILED AND MAINTAINED. THE ACCOUNTING SOFTWARE UTILIZED BY THE UVA FUND PROVIDES AN ACCURATE AND DETAILED HISTORY OF ALL ENDOWMENT FUNDS BY ACCOUNT BALANCE AND GRANTS MADE. ALL GRANT REQUESTS ARE REVIEWED BY MANAGEMENT PRIOR TO PAYMENT TO ENSURE THAT THEY MATCH THE FUND'S PURPOSE, CONFORM TO THE DONOR'S ORIGINAL INTENT AND THAT ALL RESTRICTIONS ARE MET. X true true X X X X X false false false false false false false true false C THOMAS FAULDERS III 264469 0 62750 0 41463 0 24682 0 11989 0 405353 0 0 0 DONNA R AREHART 160794 0 6508 0 20646 0 24730 0 11478 0 224156 0 0 0 WAYNE D COZART 125751 0 4997 0 10921 0 24875 0 -171 0 166373 0 0 0 ROBERT J VICCELLIO 109800 0 4482 0 9586 0 22293 0 13684 0 159845 0 0 0 Schedule J Part I, Line 1 HEALTH OR SOCIAL CLUB DUES THE ALUMNI ASSOCIATION PROVIDES THE PRESIDENT AND CEO WITH A MEMBERSHIP TO THE FARMINGTON COUNTRY CLUB.FARMINGTON IS A SOCIAL CLUB USED BY THE EMPLOYEE FOR BUSINESS AND RECREATIONAL USE.THIS IS CONSIDERED FULLY TAXABLE AND IS THEREFORE INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES FOR THE YEAR. SCHEDULE J PART I, LINE 7 INCENTIVE COMPENSATION A PORTION OF THE ALUMNI ASSOCIATION COMPENSATION PACKAGE IS INCENTIVE BASED. INCENTIVE COMPENSATION IS BASED ON THE FOLLOWING THREE CRITERIA: THE EMPLOYEE'S INDIVIDUAL PERFORMANCE; AN EMPLOYEE'S DEPARTMENTAL PERFORMANCE; AND THE PERFORMANCE OF THE ORGANIZATION AS A WHOLE. AN EMPLOYEE'S PAY BAND LEVEL DETERMINES THE WEIGHTING OF EACH CRITERION. THIS INCENTIVE PLAN IS APPROVED ANNUALLY BY THE ASSOCIATION'S BOARD OF MANAGERS AND IS NOT A CONTRACTUAL OBLIGATION OF THE ASSOCIATION. X 520 2394531 FMV X HORSES 20 1938694 APPRAISAL X OTHER 44 242002 FMV false true true SCHEDULE M, LINE 32A THE ALUMNI ASSOCIATION USES INDEPENDENT AGENTS AND BROKERS TO SELL AND PROCESS GIFTS OF SECURITIES. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D THE UNIVERSITY OF VIRGINIA RECOGNIZES THE VALUE OF A STRONG, INDEPENDENT ALUMNI ASSOCIATION. AS SUCH, THE ASSOCIATION IS GOVERNED BY A SELF-PERPETUATING BOARD AND ITS EXECUTIVE DIRECTOR REPORTS TO THE ASSOCIATION'S BOARD. THE ASSOCIATION PARTNERS WITH THE UNIVERSITY TO CREATE A STRONG AND COLLABORATIVE INSTITUTION-WIDE ALUMNI ENGAGEMENT PROGRAM THAT HAS ENHANCED THE UNIVERSITY'S ABILITY TO BUILD AND MAINTAIN TIES WITH AN INCREASINGLY DIVERSE COMMUNITY OF ALUMNI. ALUMNI HALL IS SEEN AS THE "HUB" OF ALUMNI-RELATIONS ACTIVITIES AND THE UNIVERSITY COMMITS FUNDS TO ALUMNI-RELATIONS PROGRAMS UNDERTAKEN BY THE ASSOCIATION ON BEHALF OF THE UNIVERSITY. THROUGH JOINT STRATEGIC PLANNING, THE ASSOCIATION AND THE UNIVERSITY HAVE SUCCESSFULLY CREATED BEST-IN-CLASS ALUMNI PROGRAMS AND SERVICES THAT ARE DELIVERED TO ALUMNI IN A SEAMLESS FASHION. IN ADDITION TO THE THREE LARGEST PROGRAM EXPENSES DESCRIBED IN PART III, LINES 4A THROUGH 4C, THE ASSOCIATION IS ALSO RESPONSIBLE FOR THE FOLLOWING PROGRAMS AND SERVICES: ALUMNI CAREER COUNSELING; AFFINITY INTEREST GROUPS; YOUNG ALUMNI COUNCIL; CLASS COUNCILS AND TRUSTEES: ADMISSIONS COUNSELING; ALUMNI RECORDS DATABASE; AND VARIOUS REVENUE-GENERATING PROGRAMS THAT PROVIDE FINANCIAL SUPPORT FOR THE ASSOCIATION, SUCH AS ROYALTIES, RENTALS, SERVICE AND ADMINISTRATIVE FEES, ANNUAL GIVING AND MEMBERSHIP DUES. 990 REVIEW PROCESS FORM 990, PART VI, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO THE ALUMNI ASSOCIATION'S BOARD OF MANAGERS FOR REVIEW. IN ADDITION, THE 990 HAS BEEN REVIEWED BY MANAGEMENT AND THE ASSOCIATION'S INDEPENDENT ACCOUNTING FIRM KPMG. THE RETURN IS FURTHER REVIEWED AND DISCUSSED DURING THE AUDIT COMMITTEE SESSION OF THE SPRING BOARD OF MANAGERS MEETING. THE 990 IS FILED SUBSEQUENT TO THE COMPLETION OF ALL LEVELS OF REVIEW. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12 ANNUALLY, EACH MEMBER OF THE BOARD OF MANAGERS FILES WITH THE EXECUTIVE DIRECTOR A "CONFLICT OF INTEREST DISCLOSURE STATEMENT." IN ADDITION, THIS STATEMENT IS FILED BY FUTURE MEMBERS OF THE BOARD OF MANAGERS AT THE TIME OF THEIR ELECTION. A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS CONSIDERED TO EXIST IF THE MEMBER OR A MEMBER'S DEPENDENT HAS ANY RELATIONSHIP, INTEREST, OR SITUATION WHICH MIGHT INDICATE A DUALITY OF LOYALTY OR INTEREST. IF A CONFLICT EXISTS, THE MEMBER IS ASKED TO IDENTIFY THE SPECIFIC CONFLICT. ANY MEMBER OF THE BOARD HAVING A CONFLICT OF INTEREST IN CONNECTION WITH ANY MATTER BEFORE THE BOARD SHALL SO INDICATE AT THE TIME AND SHALL NOT TAKE PART IN ANY VOTE WITH RESPECT TO SUCH MATTER.THE MINUTES OF THE MEETING SHALL REFLECT ANY SUCH DISCLOSURE AND ABSTENTION FROM VOTING. IF CONFIDENTIAL INFORMATION WILL BE PRESENTED OR DISCUSSED, THE MEMBER OF THE BOARD WITH THE CONFLICT WILL BE EXPECTED TO EXCUSE HIMSELF/HERSELF DURING THAT PORTION OF THE MEETING. EXECUTIVE COMPENSATION PROCESS FORM 990, PART VI, LINE 15 THE BOARD OF THE ALUMNI ASSOCIATION INCLUDES AN INDEPENDENT COMPENSATION COMMITTEE THAT IS CHARGED WITH THE REVIEW OF THE PRESIDENT & CEO'S COMPENSATION AND BENEFIT PACKAGE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS THE DELIBERATION AND DECISION IN MINUTES BEFORE APPROVING THE COMPENSATION AND BENEFITS PACKAGE OF THE PRESIDENT & CEO. MANAGEMENT AND KEY OFFICIAL COMPENSATION IS REVIEWED BY THE ASSOCIATION'S PRESIDENT ANNUALLY. THE COMPENSATION COMMITTEE RETAINS AN INDEPENDENT CONSULTANT TO PROVIDE AN INTERMEDIATE SANCTIONS REVIEW OF THE PRESIDENT AND FIVE HIGHEST PAID POSITIONS AND A MARKET VALUE ANALYSIS OF ALL MAJOR JOB DESCRIPTIONS ON A TRIENNIAL BASIS. THIS REVIEW WAS LAST PERFORMED IN CALENDAR YEAR 2013. DISCLOSURE FORM 990, PART VI, LINE 19 THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ASSOCIATION DOES MAKE ITS FORM 990 AND 990-T AVAILABLE TO THE PUBLIC. THE JEFFERSON TRUST FOR THE UNIV OF VA 211 EMMET STREET SOUTH CHARLOTTESVILLE VA 22903 GRANT PROGRAM VA 0 FARQUHAR DAVID TUA PO BOX 400314 CHARLOTTESVILLE VA 22904 946402196 MANAGEMENT CA UVA ALUMNI ASSN TRUST 642287 1171300 1.00000 true false false false false false false false false false false false false false false false false false false true FARQUHAR DAVID TUA S 527251 FMV