2014-02-14T09:52:45-08:00 2013-06-30 990 2012-07-01 066070722 The University of Connecticut Foundation Inc UNIV 8604865000 2390 Alumni Drive Storrs CT 06269 Kevin A Edwards 2014-02-15 2012 2015-11-30 17:44:51Z Kevin A Edwards 2390 Alumni Dr Storrs CT 06269 71358633 false false X www.foundation.uconn.edu X 1964 CT The University of Connecticut Foundation, Inc. mission is to solicit, receive, invest and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. 47 46 158 104 -250748 -323773 39505200 44574176 8704305 8713474 12276365 17516043 -138817 -150639 60347053 70653054 28986706 33415410 0 10359344 10866218 638514 636163 11733911 5906933 8100611 45891497 53018402 14455556 17634652 398575988 458795532 14635698 45325934 383940290 413469598 X The University of Connecticut Foundation, Inc. mission is to solicit, receive, invest and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. false false 10604526 10604526 Endowed chairs and professorshipsThe University of Connecticut Foundation, Inc. received gifts on behalf of donors restricted to the support of University of Connecticut faculty compensation and research. To ensure compliance with all University and state personnel policies and for W-2 reporting purposes the University pays all faculty directly for compensation related items. After receiving appropriate documents form the University the Foundation provides grants to the University to fund faculty compensation expenditures. For non-compensation expenditures in support of faculty (e.g., research materials and equipment), generally the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly.The expenditures are funded from investment income earned on endowment funds restricted to support of faculty. 8375304 8375304 Scholarships, awards and fellowships.The University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of financial aid for University of Connecticut students. To ensure compliance with all University, federal and state financial aid requirements the University selects the student recipients and makes the awards directly to students. After receiving appropriate documentation from the University the Foundation provides grants to the University to fund financial aid expenditures.The expenditures are funded from investment income earned on endowment funds restricted to financial aid and gifts restricted for financial aid. 7443729 7443729 Program ServicesThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of programs at the University. Generally the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly. 6991851 6991851 8713474 33415410 true true false true false false false false true true true true false true true false false true false false true false false true true false false true false true true false false false false false false false false false false true false false false false true true false false false true 205 0 true 158 true true true OC false false false true true false 0 false false false false false false false false false false X 47 46 true false false false false false false true true false false true true true true true true true true false WV WI WA UT SC RI OR OH NJ NH ND MN MI ME MD MA LA KY KS IL DC CA AR AK X Kevin Edwards 8604865000 2390 Alumni Drive Storrs CT 06268 Christopher Riley 1.00 0.00 0 0 0 John Rafal 1.00 0.00 0 0 0 Dominick Pagano 1.00 0.00 0 0 0 Coleman Levy 1.00 0.00 0 0 0 Janet Hansen 1.00 0.00 0 0 0 Douglas Elliot 1.00 0.00 0 0 0 Gerald DesRoches 1.00 0.00 0 0 0 Elease Wright 1.00 0.00 X 0 0 0 Harriet Munrett Wolfe 1.00 0.00 X 0 0 0 Connie Weaver 1.00 0.00 X 0 0 0 Wendy Watkins 1.00 0.00 X 0 0 0 Daniel Toscano 1.00 0.00 X 0 0 0 Robert Skinner 1.00 0.00 X 0 0 0 Stephen Sills 1.00 0.00 X 0 0 0 Robert Sherman 1.00 0.00 X 0 0 0 Mark Shenkman 1.00 0.00 X X 0 0 0 Adam Schwartz 1.00 0.00 X 0 0 0 Marsha Roth 1.00 0.00 X 0 0 0 John Ritter 1.00 0.00 X 0 0 0 Lucille Protas 1.00 0.00 X 0 0 0 Charlene Polino 1.00 0.00 X 0 0 0 Joseph Papa 1.00 0.00 X 0 0 0 Sharon Nunes 1.00 0.00 X 0 0 0 Ronald McIntosh 1.00 0.00 X 0 0 0 Denis McCarthy 1.00 0.00 X 0 0 0 Kimberly Manning 1.00 0.00 X 0 0 0 John Malfettone 1.00 0.00 X X 0 0 0 Douglas Lawrence 1.00 0.00 X 0 0 0 John Krenicki 1.00 0.00 X 0 0 0 Carla Klein 1.00 0.00 X 0 0 0 Lisa Klauser 1.00 0.00 X 0 0 0 Robert Holster 1.00 0.00 X 0 0 0 Mickey Herbert 1.00 0.00 X 0 0 0 Jonathon Greenblatt 1.00 0.00 X 0 0 0 Mary Ann Gilleece 1.00 0.00 X X 0 0 0 Clinton Gartin 1.00 0.00 X 0 0 0 Mark Freitas 1.00 0.00 X 0 0 0 Albert Foreman 1.00 0.00 X 0 0 0 Drew Figdor 1.00 0.00 X 0 0 0 Robert D'Amore 1.00 0.00 X 0 0 0 John Cutler 1.00 0.00 X 0 0 0 Candace Clark 1.00 0.00 X 0 0 0 Micheal Cantor 1.00 0.00 X 0 0 0 Patrick Campion 1.00 0.00 X 0 0 0 Melinda Brown 1.00 0.00 X 0 0 0 Mark Boxer 1.00 0.00 X 0 0 0 Andy Bessette 1.00 0.00 X 0 0 0 Allen Bennett 1.00 0.00 X 0 0 0 David Barton 1.00 0.00 X 0 0 0 George Aylward 1.00 0.00 X 0 0 0 Craig Ashmore 1.00 0.00 X 0 0 0 Kenneth Alleyne 1.00 0.00 X 0 0 0 Ray Allen 1.00 0.00 X 0 0 0 John Martin 40.00 0.00 X X 418201 0 101401 Kevin A Edwards 40.00 0.00 X 223366 0 34494 Dina Plapler 40.00 0.00 X 174087 0 30728 Brian Otis 40.00 0.00 X 179808 0 31172 Frank Gifford 40.00 0.00 X 159404 0 28126 Deborah Cunningham 40.00 0.00 X 161404 0 14979 Suzanne O'Conor 40.00 0.00 X 190385 0 18246 Hal Reed 40.00 0.00 X 149049 0 25660 Thomas Scarlett 40.00 0.00 X 140000 0 21490 Tim Nguyen 40.00 0.00 X 124183 0 16454 Paul Goldberg 40.00 0.00 X 121940 0 27079 2041827 349829 22 false true false Wilshire Associates LLC 1299 Ocean Avenue Santa Monica CA 90401 Invest Consulting 148583 Ruffalo Cody PO Box 3018 Cedar Rapids IA 52406 Phone Solicitations 422973 Perrone Group 45 Braintree Hill Office Park 201 Braintree MA 02184 Mailing 158562 Gold Orluck & Partners LLP 172 West Main Street Avon CT 06001 Event Planning 150436 Blackbaud Inc 2000 Daniel Island Drive Charlestown SC 29492 Software Consulting 256791 10 2012473 42561703 2849674 44574176 Univ. Fee for Service 900099 8589259 8589259 Univ. Endow Admin Fee 900099 124215 124215 8713474 7000357 7000357 0 0 0 10515686 10515686 10515686 -250748 10766434 551320 2012473 705150 -153830 -153830 3620 429 3191 -429 0 0 70653054 8713474 -250748 17612532 33415410 33415410 0 0 0 1557170 411488 1145682 0 7266672 1671335 5595337 482919 111071 371848 905323 208224 697099 654134 150451 503683 0 24638 5667 18971 153950 153950 40000 40000 636163 636163 4452546 4452546 38978 8965 30013 12376 2846 9530 185297 42618 142679 433711 99753 333958 0 289221 66521 222700 270123 62128 207995 0 35224 8102 27122 381510 87747 293763 0 331935 76345 255590 125592 28886 96706 Recruitment 149480 34380 115100 Special Events 238860 238860 Service Contracts 279005 64171 214834 Printing and Publications 330550 76027 254523 327615 45860 281755 53018402 33415410 7869081 11733911 1026190 3419448 6897055 21785654 31846403 31532338 233426 289257 0 0 0 0 208632 247759 10086366 3430279 6030196 6656087 167754502 179180050 89737776 90377584 0 0 94841808 125307355 398575988 458795532 5123215 5574321 6270000 26030000 3114574 13598053 127909 123560 14635698 45325934 X -7276710 -5447303 93929000 102723872 297288000 316193029 383940290 413469598 398575988 458795532 X 17634652 12858608 -963952 X false true X true false X 22510381 28779876 32185542 39505200 44574176 167555175 0 0 22510381 28779876 32185542 39505200 44574176 167555175 1447494 166107681 6570221 5966980 6271420 3329883 7000357 29138861 0 0 196694036 46986872 0.84450 0.80810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 51136 14866 66002 53952400 54018402 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 55425 77108 59014 66002 257549 250000 250000 250000 250000 1000000 1500000 30000 59379 41862 51136 182377 false true X 301637000 17340000 25956000 11127000 3628000 330178000 303625000 11132000 324000 10226000 3218000 301637000 263049000 14333000 39732000 10249000 3240000 303625000 244032000 10319000 21826000 9769000 3359000 263049000 314454000 6768000 -63238000 10082000 3870000 244032000 0.00640 0.97570 0.01790 false false false 5897828 1989183 3908645 175906 119331 56575 1530294 1321765 208529 2482338 2482338 6656087 90377584 Limited Partnership Investments 96800873 Investment in R&D 334321 Fund Held in Trust by Other 16697608 Endowments held for University 10518254 Deferred Bond Issuance 584293 CSV - Life Insurance Policies 372006 125307355 Rounding 1 Accrued Debt Service Interest 123559 123560 79573954 12858608 -4643287 8215321 71358633 -705579 -705579 70653054 50044646 1478790 1478790 48565856 4452546 4452546 53018402 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Investment Fees $4452546 Part XII, Line 2d Part XII, Line 2d: Other expenses and losses per audited F/S Event Expenses $705579 R&D expenses $773211 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The Foundation's endowment funds provide grants to the University of Connecticut. The grants may be used to provide scholarships to University of Connecticut students, compensation and research support for University of Connecticut faculty, and general program support for University of Connecticut academic and athletic programs. The use of all endowment funds is subject to any restriction placed on funds by donors. All disbursements are subject to the Foundation's policy on disbursements: including the amount of the expenditure must be reasonable, for a legitimate business purpose, and with no private benefit. Part IV, Line 2b Part IV, Line 2b: Explanation of escrow account liability The Foundation is named as the trustee and remainder beneficiary of several charitable remainder trusts. In addition, the Foundation has entered into contracts with donors for charitable gift annuities for which the Foundation has accepted contributions. The present value of the liability for future payments is reflected on the Foundation's balance sheet.The Foundation has a contractual arrangement to act as the University's agent in managing the University's endowment assets ensuring consistent management of endowment assets that support the University regardless of entity ownership. Starting in fiscal year 2013 the market value of the endowment pool is reflected on the Foundation's balance sheet. North America 0 0 Fundraising 0 East Asia and Pacific 0 0 Fundraising 0 Europe 0 0 Fundraising 0 North America 0 0 Investments 8788351 Central America and the Caribbean 0 0 Investments 34939318 Europe 0 0 Investments 27335357 71063026 71063026 true false true true true false X X X X X X true Gold Orluk & Partners LLC Avon CT 06001 Event Planner false 868150 175479 692671 Ruffallo Cody PO Box 3018 Cedar Rapi IA 52406 Phone Solicitat false 377922 460684 1246072 636163 692671 WY WI WV WA UT VA VT UT TX TN SD SC RI PA OR OK OH ND NC NY NM NJ NH NV NE MT MO MS MN MI MA MD ME LA KY KS IA IN IL ID HI GA FL DC DE CT CO CA AR AZ AK AL White Coat Gala 1287020 1065916 221104 230923 Calhoun Celebrity Golf Classic 315965 247182 68783 107844 13 956353 696882 259471 361970 2559338 2009980 549358 700737 700737 -151379 true University of Connecticut 352 Mansfield Road Unit 2048 Storrs CT 06269 060772160 33415410 0 1 0 Additional Supplemental Information Fund Administration staff receives appropriate documentation prior to making disbursements to ensure compliance with grant restrictions, and to ensure such disbursements are reasonable. X true true X X X false true false false false false false true false false Thomas Scarlett 140000 7754 13736 161490 Suzanne O'Conor 182885 7500 15231 3015 208631 Kevin A Edwards 213366 10000 17869 16625 257860 John Martin 364951 53250 91455 9946 519602 Hal Reed 149049 11924 13736 174709 Frank Gifford 158404 1000 12752 15374 187530 Dina Plapler 169087 5000 13927 16801 204815 Deborah Cunningham 158404 3000 12912 2067 176383 Brian Otis 174808 5000 14385 16787 210980 Sch J, Part I, Line 7 Part I, Line 7: Non-Fixed payments not listed above The Foundation may give performance based awards based on formal review and with approval of Foundation management and board. Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. The Foundation provides memberships to the Hartford Club for Mr. Martin and Ms. Papler for business related meetings. The amount in 2012 was $2,544 for Ms. Plapler and $1,894 for Mr. Martin. Memberships were used solely for Foundation business. B CHEFA 060806186 2013-04-24 20000000 Construction project false false false A CHEFA 060806186 20774UJD8 2007-01-23 7252762 Refunding Series A false false false B 20000000 270526 2147966 17581508 false false false true A 7974994 502944 236705 7235346 false true true true B false false false false false false true A true B false true false false false true A false true false false false true B true A true Supplemental Information Part VI Part IV 3c Arbitrage - the rebate calculation was completed in February 2012 and no rebate was due. X 75 2849674 false true false Schedule R - Related Organizations While the mission of the Foundation is to support the University, under IRS instructions the University does not meet the definition of a "related organization". The Foundation has ten ex-officio board members, six of whom serve by virtue or their position as a University employee. None of the six University employees are counted in determining quorum and none are entitled to vote on matters before the Board. No compensation is paid by the Foundation for their service as directors. Part V, Question 4 b Foreign countries which an account with a financial interest in was located duringthe calendar year:Bermuda, Canada, Cayman Islands, Ireland and Netherland Antilles. Form 990, Part III, Line 1 The mission of The University of Connecticut Foundation, Inc. is to solicit, receive, invest and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. The Foundation operates exclusively to promote the educational, scientific, cultural, research and recreational objectives of the University of Connecticut. As the primary fund-raising vehicle to solicit and administer private gifts and grants to enhance the University's mission, the Foundation supports the University's pursuit of excellence in teaching, research, and public service. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases R&D Revenue = $7208 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases R&D Expense = -$773211 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Bad Debt Expense = -$197949 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Foundation's financial statement and conflict of interest policy are posted on the Foundation's web site and on the Electronic Municipal Market Access system (EMMA), which is available to the public. The Foundation also posts an annual report and annual debt filing on EMMA. The Foundation's Articles of incorporation, IRS Determination Letter and By-laws are available upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees See 15a Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Foundation's salary structure is market-driven and undergoes a rigorous, periodic review under which compensation levels are compared to organizations of similar size and mission. The salaries and benefits of the UCONN Foundation's officers and key employees are subject to approval in advance of payment by a majority of disinterested directors on the HR Committee of the Board of Directors and subsequently by a majority of disinterested directors on the Executive Committee of the Board of Directors. The officers and key employees are not in a position of control with respect to either Committee. The Committees rely on appropriate comparability data in determining the reasonableness of the compensation packages. Minutes adequately documenting the basis for the HR Committee and the Executive Committee's decisions are maintained. The approval of compensation packages occurs in June for compensation to be paid in the subsequent fiscal year. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually the Foundation board members, officers and employees are sent a copy of the Foundation's Conflict of Interest questionnaire that they are required to complete and return to the Foundation. The responses are then reviewed by the Foundation's in-house legal counsel, with any potential conflicts reviewed with the Nominating and Governance Committee of the Board and the full Board as appropriate. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process The Form is prepared by the Foundation and reviewed by management and the Foundation's Audit Committee. The Form is provided to the entire Board before it is filed. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Board members Constance Weaver and Mark Boxer serve on the board of the Bushnell, a non-for-profit arts organization. Form 990, Part VI, Line 1a Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee The Foundation Board has given the Executive Committee that consists of the Chair, Vice Chair, Chair of the Nominating and Board Governance Committee, Foundation President, and three or more at-large Board Members full power and authority as the Board. The Executive Committee may meet and exercise all such powers and authority in the interim between the meetings of the Board. The Executive Committee may not fill Board vacancies, amend certificate of incorporation, adopt amend or repeal bylaws, approve plan for merger, approve sale, lease, exchange or other disposition of all, or substantially all, of the property, approve a proposal to dissolve the Corporation. Form 990, Part III, Line 4d Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Program ServicesThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of programs at the University. Generally the expenditure is made to the vendor directly by the University with the Foundation then providing a grant to the University to fund the expenditure after receiving appropriate documentation. Occasionally the Foundation will pay the vendor directly. OTHER PROGRAM SERVICES 5: The University of Connecticut provides payment to the Foundation for fund raising and development expenses. The Foundation also earns a fee for management of endowment funds held by the University. Client Note 1 - Statement 4Form 990T, Part V, Line 4Bermuda, Canada, Cayman Islands, Ireland,and Netherland Antilles Charitable Remainder Trust11 2390 Alumni Drive Storrs CT 06269 Development CT N/A Trust false UConn Research and Development Corp 400 Farmington Ave Farmington CT 06032 061145567 Start ups CT N/A C Corp 7208 593505 1.00000 true false true false false false false false false false false false false false false false true false true false Charitable Remainder Trust11 r 53811 Cash UConn Research and Development Corp p 550000 Cash UConn Research and Development Corp b 550000 Cash