2014-08-15T09:55:40-05:00 2013-12-31 KPMG LLP 60 South Street Boston MA 02111 990 2013-01-01 451556038 University of Vermont and State Agricultural College Foundation Inc % KATHARINE LAUD AVP FIN & AD UNIV 8026568600 411 Main Street Suite Burlington VT 05401 KATHARINE LAUD VP FOR FINANCE 2014-08-15 6179881000 2013 2015-11-30 17:44:51Z O Richard Bundy III PresCEO 411 Main St Burlington VT 05401 49444571 false X www.uvmfoundation.org X 2011 VT The mission of the UVM Foundation is to secure and manage private support for the benefit of the University of Vermont. 24 23 242 6543 0 17165990 38204419 9052148 9666771 -10137 79433 17810 115563 26225811 48066186 4979462 8705018 0 0 6692115 7136723 244679 290024 6547188 1915496 2894854 13831752 19026619 12394059 29039567 17710083 48955176 3689422 2488613 14020661 46466563 THE MISSION OF THE UVM FOUNDATION IS TO SECURE AND MANAGE PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF VERMONT. false false 8705905 8705018 9387696 The Foundation's primary function is to raise, receive, and manage funds for scholarships, professorships, and facilities and other support for the benefit of The University of Vermont and State Agricultural College and by otherwise performing support functions that carry out its charitable, scientific, educational, or other exempt purposes. 1844438 279075 Alumni are offered opportunities to attend social and educational events for an admission fee that covers, at most, direct expenses, but never covers all expenses. Events include alumni reunions, homecomings, baseball games, tennis matches, dances, etc. 10550343 true true false false false false false false false true true true false false true true true true false false false false false true false false false true false true false false false false false false false false true false false false false false false false true 0 0 true 242 true false false false false false true true false false false false X 24 23 false false false false false false false true true false false true true true true true true true true false X X KATHARINE LAUD AVP FIN AD 8026564728 411 MAIN ST BURLINGTON VT 05401 Richard Ader Director 1.0 X 0 0 0 Max Ansbacher Director 1.0 X 0 0 0 Robert P Brennan Jr Director/Treasurer 2.0 X 0 0 0 O Richard Bundy III Director/Ex Officio/Found Pres 43.0 X X 273258 0 32836 Daniel A Burack Director 1.0 X 0 0 0 Brooks J Buxton Director 1.0 X 0 0 0 Robert F Cioffi Director/Ex Officio/Univ Chair 2.5 X 0 0 0 Michele Resnick Cohen Director 1.0 X 0 0 0 Steven Grossman Director 1.0 X 0 0 0 Zachary Gund Director 1.0 X 0 0 0 John A Hilton Jr Director/Chair 3.0 X 0 0 0 Steve N Ifshin Director 1.0 X 0 0 0 Eugene W Kalkin Director/FND Chair EMERITUS 3.0 X 0 0 0 James R Keller DIRECTOR/VICE CHAIR 1.0 X 0 0 0 Donald H McCree III Director 1.0 X 0 0 0 Pamela Gillman McDermott Director 1.0 X 0 0 0 Karen Nystrom Meyer Director 1.0 X 0 0 0 Kristina M Pisanelli DIRECTOR/EX OFFICIO 2.0 X 0 0 0 Mildred A Reardon Director 1.0 X 0 0 0 William F Ruprecht Director 1.0 X 0 0 0 DIANE L SEDER DIRECTOR 1.0 X 0 0 0 Scott S Segal Director/Secretary 2.0 X 0 0 0 William G Shean Director 1.0 X 0 0 0 E Thomas Sullivan Direct/Ex Officio/Pres UVM 2.0 X 0 0 0 Shane M Jacobson CHIEF OPERATING OFFICER 41.0 X 198426 0 38054 Kathleen A Kelleher Chief Development Officer 41.0 X 202666 0 27797 KATHY DESJARDINS ASSOC VP ADVANCEMENT SERVICES 40.0 X 102037 0 25078 HELYN KERR ASST DIR OF COMMUNICATIONS 40.0 X 112775 0 2449 KATHARINE LAUD VP FOR FINANCE AND ADMIN 40.0 X 141577 0 35674 Alan e Ryea Assoc VP for Alum Assoc and DS 40.0 X 148867 0 34617 Marvin Dean Snider Sr Dir Major Gifts 40.0 X 109883 0 25830 1289489 0 222335 9 false true false ROYALL COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 FUNDRAISING SERVICES 165104 HARRIS CONNECT LLC 1400-A CROSSWAYS BLVD CHESAPEAKE VA 23320 FUNDRAISING SERVICES 140750 LIQUID STUDIO 22 COLONIAL SQUARE BURLINGTON VT 05401 PRINTING SERVICES 117603 3 50 250 38204119 1670302 38204419 SERVICE AGREEMENT - UNIVERSITY SUPPORT 900099 9387696 9387696 ALUMNI EVENTS 900099 279075 279075 9666771 26126 26126 0 113350 113350 0 0 0 0 0 1150960 268000 1157653 208000 -6693 60000 53307 53307 14945 50 12732 2213 2213 0 0 0 0 0 48066186 9666771 194996 8705018 8705018 0 0 0 676230 6875 118338 551017 0 4515770 755549 603523 3156698 483857 74055 69646 340156 1077064 184884 149425 742755 383802 59177 53602 271023 101987 93351 8636 65129 64518 611 41369 33369 8000 0 290024 290024 0 10581 508 10000 73 104228 47636 7950 48642 882333 233962 211068 437303 245029 28641 77800 138588 0 105546 887 93952 10707 409364 43001 18959 347404 0 651598 406379 73899 171320 0 0 9020 1804 2255 4961 12935 12216 719 MISCELLANEOUS EXPENSES 74785 1967 54267 18551 UNCOLLECTIBLE PLEDGES 180950 180950 19026619 10550343 1929088 6547188 14416926 24675578 251005 251694 1673055 3496035 39815 160509 0 0 0 0 0 0 0 0 251829 237677 152876 9020 75000 143856 195 0 1002258 19989827 0 0 0 0 0 0 17710083 48955176 3684773 2084140 0 0 980 17093 0 0 0 0 0 0 0 0 0 0 3669 387380 3689422 2488613 X 2078781 6426964 10179253 21138434 1762627 18901165 14020661 46466563 17710083 48955176 X 29039567 2163597 1242738 X false true X true false X 0 0 250000 17165990 38204419 55620409 0 0 0 0 250000 17165990 38204419 55620409 884146 54736263 30579 139476 170055 0 2213 2213 55792677 20818919 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1971415 20254472 2106407 88364 295474 259673 23688783 199500 1784954 87047 7895 2943 89248 1971415 210000 10500 199500 0.14300 0.69300 0.16400 false false 0 75000 75000 23756 23756 54120 9020 45100 143856 INVESTMENTS IN UVM POOL 16736997 INVESTMENT APPR - UVM POOL 2193455 BENEFICIAL INT HELD BY OTHERS 1059375 19989827 0 GIFTS TO BE RECEIPTED 384859 GIFTS PENDING ACCEPTANCE 2393 OTHER REVENUE 128 387380 X 51487458 2163597 1257675 3421272 48066186 48066186 19041556 14937 14937 19026619 19026619 Part V, Line 4 The Foundation's endowment will be a consolidated pool of donor-created endowments, designated to benefit the University of Vermont. Part X, Line 2 The Foundation is a tax exempt organization, as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. In compliance with ASC 740, Accounting for Uncertainty in Income Taxes, the Foundation has evaluated its exposure to tax liability and believes there are no uncertain positions. PART XI, LINE 2D FUNDS TRANSFERED FROM UNIVERSITY OF VERMONT TO THE FOUNDATION $1,242,738 RECLASS OF FUNDRAISING EVENT EXPENSES $12,732 RECLASS OF SALE OF SECURITIES COST $2,205 TOTAL $1,257,675 PART XII, LINE 2D RECLASS OF FUNDRAISING EVENT EXPENSES $12,732 RECLASS OF SALE OF SECURITIES COST $2,205 TOTAL $14,937 X X X X true HARRIS CONNECT LLC Phone Solic itations false 672158 140750 ROYALL COMPANY mail solici tations false 493405 165104 GRENZEBACH GLIER ASSOCIATES INC CONSULTING false 54980 1165563 360834 AK CA CO KY ME MD MA MI MN NH NJ NY ND OH OK OR SC UT WA WI PART II, LINE 2B, COLUMN (III) AND (V) HARRIS CONNECT AND ROYALL & CO. PROVIDE PHONE AND MAILING SUPPORT SERVICES. NEITHER ENTITY HANDLES ANY OF THE FOUNDATION'S CASH AT ANY TIME. GRENZEBACH & GLIER PROVIDES STRATEGIC FUNDRAISING CONSULTING SERVICES TO ASSIST OUR INTERNAL STAFF IN ITS FUNDRAISING PROPOSALS. true UNIVERSITY OF VT & STATE AGRI COLLEGE 85 SO PROSPECT STREET BURLINGTON VT 05401 030179440 501(c)(3) 8329965 195053 FMV SEE PART IV HILLEL AT THE UNIVERSITY OF VT 461 MAIN ST BURLINGTON VT 05405 810554021 501(c)(3) 180000 0 2 PART I, LINE 2 THE FOUNDATION OPERATES ON A REIMBURSABLE BASIS AND REQUIRES A REPORT OF EXPENSES ON A QUARTERLY BASIS FOR REVIEW BY THE CONTROLLER FOR APPROPRIATENESS PRIOR TO DISTRIBUTION OF FUNDS. PART II, LINE 1G NONCASH ASSISTANCE INCLUDES CONTRIBUTIONS OF VARIOUS SMALL GIFTS OF PRINTS, BOOKS, PHOTOS, TICKETS, DINNERS, LETTERS, PAPERS, ETC. PART II, LINE 1H PURPOSES OF THE GRANTS AND ASSISTANCE INCLUDE: UNIVERSITY EDUCATIONAL DEPARTMENT USE; SCHOLARSHIPS, FELLOWSHIPS, AND AWARDS; PROFESSORSHIPS, RESEARCH, AND FACULTY SUPPORT; CAPITAL CONSTRUCTION; AND, OTHER ACADEMIC AND STUDENT SUPPORT. PART II, LINE 2H PURPOSE OF THE GRANTS AND ASSISTANCE IS TO PROVIDE PROGRAMMING AND SERVICES TO THE UNIVERSITY COMMUNITY BY ENRICHING THE LIVES OF JEWISH UNDERGRADUATE AND GRADUATE STUDENTS. X X true false false false false false false false false O Richard Bundy III Director/Ex Officio/Found Pres 273258 0 0 0 0 0 25500 0 7336 0 306094 0 0 0 Shane M Jacobson CHIEF OPERATING OFFICER 198426 0 0 0 0 0 20088 0 17966 0 236480 0 0 0 Kathleen A Kelleher Chief Development Officer 202666 0 0 0 0 0 20525 0 7272 0 230463 0 0 0 KATHARINE LAUD VP FOR FINANCE AND ADMIN 141577 0 0 0 0 0 14210 0 21464 0 177251 0 0 0 Alan e Ryea Assoc VP for Alum Assoc and DS 148867 0 0 0 0 0 14553 0 20064 0 183484 0 0 0 Part I, Line 3 The Executive Committee of the Board of Directors is charged with serving as the compensation committee per the By-Laws of the Foundation. The Compensation Committee has the ultimate decision of entering into an employment contract. PART I, LINE 4A UPON RETIRING, HELYN KERR RECEIVED $84,000, AN AMOUNT EQUAL TO THE ACTUARIAL VALUE OF HER RETIREMENT HEALTH SAVINGS BENEFIT. THIS PAYMENT WAS A ONE-TIME PAYMENT FOR THIS EMPLOYEE ONLY AND WAS NOT PART OF A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. X 129 1267249 FMV X 1 208000 APPRAISAL X VARIOUS GIFTS - SEE SCH O 27 195053 VARIOUS 0 false true true PART I, LINE 32A IN 2013, UVM FOUNDATION UTILIZED THE SERVICES OF A REALTOR TO SELL A PIECE OF DONATED REAL ESTATE. Part VI, Section B, Question 11B THE FORM 990 HAS BEEN REVIEWED BY THE OFFICERS OF THE FOUNDATION AND BY THE AUDIT COMMITTEE. A COMPLETE COPY OF THE FEDERAL 990 HAS BEEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. Part VI, Section B, Question 12C The Board of Directors approved a Conflict of Interest Policy and the overview addresses the questions in Part VI: The goals of the Policy are to identify when and how conflicts may arise, promote a process for each Director to disclose conflicts, and elaborate how the Board can manage conflicts of interest. There is nothing inherently wrong with a conflict so long as the conflict is disclosed and managed appropriately. - A conflict exists when there is an apparent or actual divergence between a Director's private interests and his/her fiduciary duty. This includes times when relevant material facts affect a Director, a member of his/her family, or an affiliate. - It is not a conflict to serve in leadership capacities for other nonprofit organizations, university/college foundations, or institutions of higher education. - It is not possible for our Policy to include an all-inclusive list of situations giving rise to a conflict of interest. The Policy does give examples of situations presenting potential, actual or apparent conflicts: o Commercial transactions between Director and the Foundation o Confidential, proprietary or privileged information not to be shared with the public o Diverting business opportunities away from the Foundation for private gain o Directors cannot hire, supervise or evaluate immediate family members or affiliates o Directors shall not accept compensation, gifts or other items in exchange for influencing Foundation operations and activities o Directors can accept from the Foundation modest value gifts or other items in connection with business and service on the Board of Directors o Directors can employ Foundation administration for private consulting with prior approval - UVM Trustees and Employees who serve as Directors are subject to the Policy. They are not automatically disqualified from participating in Foundation Board discussions and business. Rare occasions may exist when they will be disqualified from voting on specific matters. - Protocol o Directors annually file Conflicts Disclosure Form by May 30 o Prior to committee or full board meetings, conflicts must be disclosed and managed. They will be evaluated by President & CEO, committee/board chair, and the Audit Committee. o Depending upon the conflict, Director may or may not be able participate in the discussion and/or vote on agenda item related to conflict. o If necessary, we can request the opinion of Foundation legal counsel. Part VI, Section B, Questions 15a and 15b The Executive Committee shall also serve as the compensation committee, charged with periodically and no less than once annually reviewing and approving, following recommendations from the President and Chief Executive Officer, the compensation and benefits the Foundation will provide to its corporate officers (with the President and Chief Executive Officer recusing him or herself with respect to any deliberations or decisions regarding his or her compensation). The Board of Directors has delegated the hiring decision for all non-officers to the President and Chief Executive Officer. Part VI, Section C, Question 19 The UVM Foundation maintains a document library on its website for the public to view Governance & Policies, Giving Forms, Financial Reports, Meeting Agendas, and Meeting Minutes. www.uvmfoundation.org PART XI, LINE 9 FUNDS TRANSFERED FROM UNIVERSITY OF VERMONT TO THE FOUNDATION $1,242,738 Schedule M, Part I, Line 25 ITEMS REPORTED ON SCHEDULE M, PART I AS OTHER NONCASH CONTRIBUTIONS INCLUDE VARIOUS SMALL GIFTS OF PRINTS, BOOKS, PHOTOS, TICKETS, DINNERS, LETTERS, PAPERS, COMPUTER EQUIPMENT, LIVESTOCK, ETC.