2013-02-14T10:31:11-06:00 2012-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2011-07-01 726020969 L S U FOUNDATION LSUF 2255783811 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 GINA M DUGAS 2255784341 2013-02-11 1 RALPH STEPHENS P00638118 2259224600 2011 2016-03-07 17:11:31Z G LEE GRIFFIN 3838 W LAKESHORE DR BATON ROUGE LA 70808 191330730 0 X WWW.LSUFOUNDATION.ORG X 1960 LA THE MISSION OF THE LSU FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 25 25 71 25 -1563 0 30346130 25492232 0 0 14110272 24286277 1031638 997236 45488040 50775745 17898965 17907766 0 0 5886267 5442628 0 0 3846603 9788670 8486086 33573902 31836480 11914138 18939265 527917286 525646742 115497149 118387048 412420137 407259694 X THE MISSION OF THE LSU FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 0 0 14482808 ACADEMIC AND RESEARCH ACTIVITIES: OPERATIONAL SUPPORT EXPENSES TO SUPPLEMENT STATE FUNDING AND AID THE 17 ACADEMIC COLLEGES OF THE UNIVERSITY, AS WELL AS THE LAW CENTER AND AGRICULTURAL CENTER, IN ACCOMPLISHING LSU'S MISSION. 4818730 CHAIRS AND PROFESSORSHIPS: EXPENSES TO DIRECTLY SUPPORT THE SCHOLARLY ACTIVITIES OF OVER 750 SPECIFICALLY DESIGNATED CHARS AND PROFESSORSHIPS AVAILABLE TO LSU'S DISTINGUISHED FACULTY. 3959698 SCHOLARSHIPS AND FELLOWSHIPS: FINANCIAL SUPPORT TO UNDERGRADUATE AND GRADUATE STUDENTS THROUGH APPROXIMATELY 1,500 AVAILABLE SCHOLARSHIPS AND FELLOWSHIPS. 1241644 OTHER PROGRAM SERVICES INCLUDE: (1) CAPITAL OUTLAY: ACQUISITION OF EQUIPMENT AND CONSTRUCTION OF FACILITIES FOR USE IN THE ACADEMIC AND RESEARCH ENDEAVORS OF THE UNIVERSITY (2) SALARY SUPPORT FOR ACADEMIC POSITIONS, (3) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS CHANCELLOR'S DISTINGUISHED LECTURE SERIES AND HOSTING VISITING SCHOLARS, (4) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (5) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (6) INSTITUTIONAL ADVANCEMENT. 1241644 24502880 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 X 106 0 71 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 25 25 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CO DC HI KY MD MA MI MN NH NJ NY OH OK OR PA SC UT WA WV WI AL CT FL GA IL KS ME MS MO NM NC ND RI TN VA X X GINA DUGAS 2255783811 3838 W LAKESHORE DR BATON ROUGE LA 70808 X J LANIER YEATES 1.00 X 0 0 0 CHARLES A LANDRY 1.00 X 0 0 0 ROBERT H CROSBY III 1.00 X 0 0 0 MARK K ANDERSON 1.00 X 0 0 0 J HERBERT BOYDSTUN 1.50 X 0 0 0 J TERRELL BROWN 1.00 X 0 0 0 LAURA L DAUZAT 2.00 X X 0 0 0 WILLIAM T FIRESHEETSII 1.50 X 0 0 0 T CASS GAIENNIE 1.50 X 0 0 0 FRANK W HARRISON III 1.50 X 0 0 0 GARY L LABORDE 1.50 X X 0 0 0 GENE W LAFITTE 1.00 X 0 0 0 LAURA A LEACH 1.00 X 0 0 0 WILLIAM B OWENS 1.00 X 0 0 0 JAMES R PELTIER 1.00 X 0 0 0 JOHN F SHACKELFORD III 1.00 X 0 0 0 SUE W TURNER 1.00 X 0 0 0 BURTON D WEAVER JR 1.00 X 0 0 0 WILLIAM H WRIGHT JR 1.00 X 0 0 0 FELIX R WEILL 1.50 X 0 0 0 ROBERT W DAIGLE 1.00 X 0 0 0 ROBERT M STUART JR 1.50 X 0 0 0 DAVID B MEANS III 1.50 X 0 0 0 CLARENCE P CAZALOT JR 1.00 X 0 0 0 THE HONORABLE W HENSON MOORE III 1.00 X 0 0 0 SEAN REILLY 1.00 X 0 0 0 JEFFREY N SPRINGMEYER 1.00 X 0 0 0 WILLIAM L SILVIA JR 1.00 X 0 0 0 G LEE GRIFFIN 40.00 X 0 0 0 GINA M DUGAS 40.00 X 181599 0 17830 JEFFERY L MCLAIN 40.00 X 194318 0 28414 GEORGE T MOSS 40.00 X 147213 0 19016 ANN M MARMANDE-FRENZEL 40.00 X 105197 0 16691 WILLIAM D DAVIS 40.00 X 128545 0 9546 WILLIAM G BOWDON 0.00 X 169543 0 20479 926415 0 111976 6 1 1 0 ADAMS & REESE LLP DEPT 5208 PO BOX 2153 BIRMINGHAM AL 352875208 ATTORNEYS AT LAW 150360 ROEDEL PARSONS KOCH BLACHE BALHOFF & MCC 8440 JEFFERSON HWY BATON ROUGE LA 70809 ATTORNEYS AT LAW 104724 2 196197 25296035 981986 25492232 6313762 -1563 6315325 59927 59927 158183641 140211126 17972515 17972515 17972515 232461 196197 343859 -111398 -111398 FUND MANAGEMENT FEES 541900 1048707 1048707 1048707 50775745 19021222 -1563 6263854 17907766 17907766 748438 440706 307732 3784177 1469647 2314530 163441 62150 101291 473038 198223 274815 273534 115607 157927 102683 102683 58450 58450 217230 217230 826534 654906 77702 93926 131382 131382 464573 239695 129921 94957 215023 186341 28682 166617 142237 24380 854313 797314 17276 39723 27092 11659 15433 43453 43453 1416316 1416316 29282 29282 159986 159986 OFFICIAL UNIV. FUNCTION 1924892 1924892 UNIVERSITY SUPPORT 1518538 1518538 DEVELOPMENT/PROMOTION 231960 231960 DUES AND SUBSCRIPTIONS 77801 47936 29865 19961 19961 31836480 24502880 3486997 3846603 20368595 15732411 23905580 15653263 592088 216159 36980 91994 73562 25703 6601583 1514333 5099122 5087250 280484874 316537695 176749854 152329781 20606631 19972486 527917286 525646742 2964740 2947047 6900000 6225000 2113400 930734 103519009 108284267 115497149 118387048 X 31775637 35433880 182485753 164243262 198158747 207582552 412420137 407259694 527917286 525646742 X 18939265 -24099708 X X 0 1 1 X 0 X 44566521 20137203 31561414 30346130 25492232 152103500 44566521 20137203 31561414 30346130 25492232 152103500 8517041 143586459 20123225 9312054 5255943 4267718 6373689 45332629 197436129 9837324 0.72730 0.74400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 110000 4307862 X X X X X COMMUNITY EDUCATIONAL PROGR 1 290234027 11030519 -15902365 308398 285053783 233568579 11577812 50027252 4939616 290234027 202776443 5975663 38723691 13907218 233568579 271762671 2736124 -59414992 12307360 202776443 0.04390 0.72820 0.22790 0 0 466867 466867 1478678 1450285 28393 4656038 64048 4591990 5087250 CERTIFICATE OF DEPOSIT 395000 F SHORT TERM INVESTMENT FUND 436839 F COMMINGLED FUNDS 74386642 F PRIVATE EQUITY 21046834 F HEDGED FUNDS 56031443 F POOLED INCOME FUND 33023 F 152329781 FUNDS MANAGED FOR OTHER ENTITIES 107978163 OTHER CURRENT LIABILITIES 19906 COMPENSATED ABSENCES PAYABLE 286198 108284267 PART III, LINE 4: THE MAIN COLLECTIONS OWNED BY THE LSU FOUNDATION CONSIST OF ARTWORK AND HISTORICAL ITEMS ON DISPLAY AND IN THE CUSTODY OF LSU'S MUSEUM OF ART, A COMPONENT UNIT WHICH FURTHERS THE PUBLIC SERVICE MISSION OF THE UNIVERSITY. THE MUSEUM OF ART'S DIVERSE PERMANENT COLLECTION INCLUDES SIGNIFICANT PORTRAITURE AND DECORATIVE ARTS, NEWCOMB POTTERY, AND CHINESE JADE FROM THE CHI QING DYNASTY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS PROVIDE FINANCIAL SUPPORT IN FURTHERANCE OF THE ACADEMIC AND RESEARCH COMPONENTS OF THE UNIVERSITY'S MISSION, INCLUDING SCHOLARSHIPS, GRADUATE ASSISTANTSHIPS AND FELLOWSHIPS, AND FACULTY CHAIRS AND DISTINGUISHED PROFESSORSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE INCLUDED IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2009. EAST ASIA AND THE PACIFIC FUNDRAISING EUROPE FUNDRAISING MIDDLE EAST AND NORTH AFRICA FUNDRAISING NORTH AMERICA FUNDRAISING CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 50936432 0 0 0 0 0 0 50936432 0 50936432 1 0 0 1 1 0 LSU FOUNDATION RECEIVES DONATIONS FROM DONORS WHO RESIDE IN FOREIGN COUNTRIES. THERE ARE NO EXPENSES ASSOCIATED WITH THESE DONATIONS. THE FOLLOWING IS A LIST OF THE REGIONS AND THE AMOUNTS RECEIVED FROM EACH REGION: 1) EAST ASIA AND THE PACIFIC - $4,050 2) EUROPE - $2,280 3) MIDDLE EAST AND NORTH AFRICA - $678 4) NORTH AMERICA (NOT INCLUDING UNITED STATES) - $1,601 GOLF TOURNAMENT 41630 25080 16550 15864 1619 37440 GOLF TOURNAMENT 41580 25158 16422 13120 6934 15647 23 345448 145959 199489 7272 29818 106305 109840 428658 196197 232461 7272 58802 114858 162927 343859 -111398 1 LOUISIANA STATE UNIVERSITY 204 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 501(C)(3) 17907766 UNIVERSITY ACADEMIC AND RESEARCH SUPPORT, INCLUDING SCHOLARSHIPS, GRADUATE FELLOWSHIPS AND FACULTY CHAIRS AND PROFESSORSHIPS. 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE LSU FOUNDATION PROVIDES GRANTS OR ASSISTANCE, IN ACCORDANCE WITH ITS STATED MISSION, TO LOUISIANA STATE UNIVERSITY, THE LSU PAUL M. HEBERT LAW CENTER, THE LSU AGRICULTURAL CENTER AND THE LSU SYSTEM OFFICE, IN THE FORM OF REIMBURSEMENTS OF EXPENSES MADE IN SUPPORT OF THE BENEFICIARY PURPOSES FOR WHICH PRIVATE FUNDS WERE CONTRIBUTED TO THE FOUNDATION. THE UNIVERSITY IS PROVIDED WITH THE BALANCE OF FUNDS AVAILABLE IN FOUNDATION ACCOUNTS FOR SPECIFIC RESTRICTED PURPOSES. ON A MONTHLY BASIS, THE UNIVERSITY PROVIDES THE FOUNDATION WITH A REPORT OF THE EXPENSES MADE IN SUPPORT OF THOSE SPECIFIC PURPOSES TO BENEFIT THE UNIVERSITY; ON PRESENTATION OF THIS REPORT, THE FOUNDATION REIMBURSES THOSE EXPENSES AS A GRANT OF ASSISTANCE TO THE UNIVERSITY. THE UNIVERSITY MAKES AVAILABLE TO THE FOUNDATION ALL DOCUMENTATION IN SUPPORT OF INDIVIDUAL ITEMS OF EXPENSE, AND THIS DOCUMENTATION IS ALSO MADE AVAILABLE TO THE FOUNDATION'S EXTERNAL AUDITORS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 GINA M DUGAS 166328 0 8000 0 7271 0 12442 0 5388 0 199429 0 0 0 JEFFERY L MCLAIN 180925 0 6000 0 7393 0 14174 0 14240 0 222732 0 0 0 GEORGE T MOSS 134972 0 5000 0 7241 0 10619 0 8397 0 166229 0 0 0 WILLIAM G BOWDON 162533 0 0 0 7010 0 17150 0 3329 0 190022 0 0 0 LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546398FJ2 2003-04-30 31555000 SEE PART VI 0 0 0 12725000 220000 10301523 2203477 2004 0 0 1 1 0 0 0 0 1 0 1 0 0 1 0 FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F): DESCRIPTION OF PURPOSE THE LSU FOUNDATION WAS ONE OF SEVERAL PARTICIPANTS BORROWING THE PROCEEDS OF TAX-EXEMPT REVENUE BONDS TOTALLING $31,555,000 ISSUED BY THE LOUISIANA PUBLIC FACILITIES AUTHORITY IN 2003. THE FOUNDATION'S PORTION TOTALLED $12,725,000. FORM 990, SCHEDULE K, PART II, LINE 12: OTHER UNSPENT PROCEEDS IN 2007, THE FOUNDATION REPAID UNSPENT FUNDS PLUS EARNINGS ON THOSE FUNDS OF $2,531,958.42. FORM 990, SCHEDULE K, PART IV, LINE 1: ARBITRAGE EXPLANATION PER ARTICLE III, SECTION 3.2 OF THE LOAN AGREEMENT, THE BONDS WILL NOT CONSTITUTE ARBITRAGE BONDS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. FORM 990, SCHEDULE K, PART IV, LINE 5: PROCEEDS INVESTED BEYOND TEMPORARY PERIOD UNSPENT FUNDS WERE HELD SLIGHTLY BEYOND THE 3 YEAR TEMPORARY PERIOD; HOWEVER, THE UNSPENT FUNDS, PLUS INTEREST EARNED ON THOSE FUNDS, WERE REPAID. ROBERT M STUART JR BOARD MEMBER 43452 ROBERT M. STUART, JR. IS THE LOUISIANA PRESIDENT OF CAPITAL ONE BANK, WHICH HAS FACILITATED DEBT FINANCING ARRANGEMENTS APPROXIMATING $20 MILLION AS OF JUNE 30, 2012, INVOLVING LSU FOUNDATION. MR. STUART WAS NOT, HOWEVER, A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS WHEN THIS DEBT FINANCING WAS APPROVED NOR WHEN THE FINANCING ARRANGEMENTS WERE EXECUTED. A NEW LOAN WAS ORIGINATED JANUARY 19, 2010 IN THE AMOUNT OF $2.7 MILLION. MR. STUART WAS A BOARD MEMBER AT THE TIME OF THIS TRANSACTION, BUT ABSTAINED FROM PARTICIPATING IN ANY DISCUSSIONS OR NEGOTIATIONS SURROUNDING THESE FINANCING ARRANGEMENTS. MR. STUART ALSO ABSTAINED FROM VOTING ON ITEMS RELATED TO SUCH TRANSACTIONS. LSU FOUNDATION HAS PAID APPROXIMATELY $43,452 IN INTEREST TO CAPITAL ONE BANK DURING THE FISCAL YEAR ENDED JUNE 30, 2012. 0 X 2 110000 OPINION OF EXPERTS X 47 843286 MARKET PRICE X 66 28700 OPINION OF EXPERTS 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: LSU FOUNDATION HIRES THE FOLLOWING TO SELL NON-CASH CONTRIBUTIONS: 1) REAL ESTATE AGENTS - SELL DONATED REAL ESTATE, WHEN APPLICABLE 2) STOCK BROKERS - SELL DONATED STOCK THROUGH BROKERAGE ACCOUNTS 3) AUCTION HOUSES - SELL DONATED ART FORM TD F 90-22.1 REPORTING: FORM 990 PART V QUESTION 4B LSU FOUNDATION DOES NOT OWN 50% OR MORE OF THE PROFITS OR CAPITAL OF THE FOREIGN PARTNERSHIPS IN WHICH IT IS INVESTED; ALSO, LSU FOUNDATION DOES NOT HAVE SIGNATURE AUTHORITY OVER THE FOREIGN FUNDS; FHEREFORE, THE FOUNDATION IS NOT REQUIRED TO FILE FORM TD F 90-22.1 FOR THE FISCAL YEAR ENDED JUNE 30, 2012. FORM 990, PART VI, SECTION A, LINE 2 CHARLES A. LANDRY & ROBERT DAIGLE EACH OWN GREATER THAN 10% OF TRADITIONAL NEIGHBORHOOD CONSULTANTS, LLC AND DAIGLE AMERICANA MANAGEMENT, LLC. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION MADE CHANGES TO THE ARTICLES OF INCORPORATION WHICH WERE ADOPTED AUGUST 4, 2011. SIGNIFICANT CHANGES ARE: (1) THE CORPORATE TREASURER SHALL BE AN EX-OFFICIO DIRECTOR OF THE FOUNDATION. (2) THE BOARD OF DIRECTORS IS PERMITTED TO COMBINE THE OFFICES OF CORPORATE SECRETARY AND CORPORATE TREASURER. (3) THE MAXIMUM NUMBER OF ELECTED DIRECTORS IS INCREASED FROM 25 TO 30. (4) A NEW OFFICE IS CREATED FOR CORPORATE TREASURER. (5) THE CHIEF FINANCIAL OFFICER, THE VICE PRESIDENT, AND THE CHIEF INVESTMENT OFFICER SHALL NO LONGER BE OFFICERS OF THE CORPORATION. (6) THE ARTICLES ELIMINATED THE REQUIREMENT FOR A TWO-THIRDS VOTE OF THE MEMBERS IN ORDER TO DISSOLVE THE FOUNDATION AND PROVIDED INSTEAD THAT THE FOUNDATION MAY BE DISSOLVED BY A VOTE OF TWO-THIRDS OF THE BOARD OF DIRECTORS. (7) THE ARTICLES MAY BE AMENDED BY ANY GENERAL OR SPECIAL MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE BOARD OF DIRECTORS OF THE LSU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE CFO REVIEWS THE FORM 990 WITH THE AUDIT COMMITTEE. THE CFO PROVIDES A COPY OF THE FORM 990 TO THE ENTIRE BOARD OF DIRECTORS AND SEEKS COMMENT AND FEEDBACK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS COMPLETE A DISCLOSURE STATEMENT QUESTIONNAIRE ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO PROVIDE INFORMATION ON ENTITIES FOR WHICH THEY ARE BOARD MEMBERS, PARTNERS, OFFICERS, OR PRINCIPAL OWNERS. THE FOUNDATION LEGAL COUNSEL REVIEWS SUCH DISCLOSURE STATEMENTS FOR IDENTIFICATION OF POTENTIAL CONFLICTS. ALSO, PRIOR TO EXECUTION OF ALL CONTRACTS, THE FOUNDATION REQUIRES THE VENDOR TO COMPLETE A DISCLOSURE STATEMENT LISTING THE PRINCIPALS FOR THE CONTRACT. THESE VENDOR DISCLOSURE STATEMENTS ARE COMPARED TO THE DISCLOSURES PROVIDED BY BOARD MEMBERS AND OFFICERS AND REVIEWED TO DETERMINE IF ANY POTENTIAL CONFLICTS OF INTEREST EXIST. LEGAL COUNSEL SHALL ADDRESS ANY CONCERNS BROUGHT TO HIM REGARDING POTENTIAL CONFLICTS OF INTEREST WITH THE BOARD OF DIRECTORS. ADDITIONALLY, THE BOARD PERIODICALLY PERFORMS A DETAILED REVIEW OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION GATHERED EXTERNAL, INDEPENDENT SALARY SURVEYS OF EXECUTIVE COMPENSATION FOR RELEVANT PEER GROUPS. THE FOUNDATION'S EXECUTIVE COMMITTEE REVIEWED AND DISCUSSED THE SURVEYS DURING EXECUTIVE SESSION IN CONJUNCTION WITH AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS. THE EXECUTIVE COMMITTEE MINUTES REFLECT THE PROCESS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE FILED WITH THE LOUISIANA SECRETARY OF STATE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. FORM 990 PART VII, SECTION A: WILLIAM G. BOWDON RETIRED ON 06/30/2011. HE WAS NOT THE PRESIDENT & CEO DURING FISCAL YEAR 2012. G. LEE GRIFFIN BECAME PRESIDENT & CEO ON 07/01/2011. HE WAS NOT PAID FOR THE PERIOD 07/01/2011 THROUGH 12/31/2011 AND THEREFORE DID NOT RECEIVE A W-2 FOR CALENDAR YEAR 2011. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -24,099,707. ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: -24,099,708. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PREVIOUS FORM 990. LSU PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 721295979 FOSTER SUPPORT VIA GIFTS OF REAL ESTATE & EQUIP. FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 5 N/A 0 LSU MARINE PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 710865718 FOSTER SUPPORT VIA GIFTS OF MARINE VESSELS FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LSU PROPERTY FOUNDATION B 1522195 CASH LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION M 0 LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION N 0 LSU PROPERTY FOUNDATION D 6900000 LOAN VALUE