2013-05-15T16:05:39-05:00 2012-06-30 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2011-07-01 133598671 THE HUNTER COLLEGE FOUNDATION INC HUNT 2127724085 695 PARK AVENUE NO 1313 NEW YORK NY 10065 DAPHNE HALPERN 2127724085 2013-02-11 1 P01402796 2122862600 2013-05-15 2011 2016-02-24 21:20:13Z ELIZABETH H WITTEN 695 PARK AVENUE NO 1313 NEW YORK NY 10065 66116090 0 X WWW.HUNTER.CUNY.EDU/ALUMNI/HC_FOUNDATION.SHTML X 1995 NY TO ACCOMPLISH ITS MISSION, THE HUNTER COLLEGE FOUNDATION ENGAGES IN THE FOLLOWING ACTIVITIES:- ACTIVELY PROMOTES HUNTER COLLEGE, INCLUDING ALL OF ITS SCHOOLS, PROGRAMS, CENTERS, AND CAMPUSES- CULTIVATES RELATIONSHIPS THAT LEAD TO FUNDING- ENGAGES CURRENT AND POTENTIAL DONORS IN THE LIFE OF THE COLLEGE- MANAGES INVESTMENTS JUDICIOUSLY- ENSURES THAT RESTRICTED FUNDS ARE UTILIZED FOR DONOR-RESTRICTED PURPOSESAREAS OF SUPPORT INCLUDE:- FACULTY RECRUITMENT, DEVELOPMENT, AND RETENTION- ACCESS FOR QUALIFIED STUDENTS, INCLUDING SCHOLARSHIPS AND FELLOWSHIPS- STUDENT SUPPORT SERVICES- PROGRAM DEVELOPMENT- MATERIAL, TECHNOLOGY, AND EQUIPMENT- FACILITY DEVELOPMENT AND MAINTENANCE 40 39 27 184 0 0 8808120 20981979 0 0 635365 1774573 0 -43178 9443485 22713374 3576478 4482446 0 0 774820 1121835 95173 84561 690188 2532504 6390383 6978975 12079225 2464510 10634149 50743735 60255592 380786 553093 50362949 59702499 X THE MISSION OF THE HUNTER COLLEGE FOUNDATION IS TO ENHANCE HUNTER COLLEGE'S POSITION AS A PREMIERE PUBLIC EDUCATIONAL INSTITUTION.HUNTER COLLEGE IS COMPRISED OF THE SCHOOL OF THE ARTS & SCIENCES, SCHOOL OF EDUCATION, SCHOOL OF SOCIAL WORK, SCHOOLS OF THE HEALTH PROFESSIONS, SCHOOL OF NURSING, HUNTER COLLEGE HIGH SCHOOL, AND HUNTER COLLEGE ELEMENTARY SCHOOL. THE HUNTER COLLEGE FOUNDATION BOARD CONSISTS OF A SELECT NUMBER OF OUTSTANDING ALUMNI AND DISTINGUISHED COMMUNITY AND BUSINESS LEADERS WHO ARE COMMITTED TO HELP RAISE THE COLLEGE'S PUBLIC IMAGE AND RAISE FUNDS TO FURTHER STRENGTHEN THE INSTITUTION. 0 0 3644241 160871 EDUCATIONAL PROGRAMSTHE FOUNDATION PROVIDES SUPPORT TO ACADEMIC PROGRAMS TO HELP ADVANCE EDUCATIONAL EXCELLENCE AND FURTHER CURRICULUM AND FACULTY DEVELOPMENT. THE FOUNDATION ALSO HELPS TO SUPPORT AND CREATE NEW PROGRAMS AND DEPARTMENTS. 2330348 2330348 SCHOLARSHIPS AND GRANTSTHE HUNTER COLLEGE FOUNDATION DISTRIBUTES A VARIETY OF SCHOLARSHIPS TO DESERVING STUDENTS BASED ON CRITERIA SUCH AS MERIT, NEED, GRADE POINT AVERAGE AND DECLARATION OF A MAJOR COURSE OF STUDY. THESE SCHOLARSHIPS PLAY AN IMPORTANT ROLE IN EDUCATING THE NEXT GENERATION OF CITIZENS AND PERPETUATE THE EXTRAORDINARY HUNTER COMMUNITY OF SCHOLARS, STUDENTS AND ALUMNI. 2912312 0 FACILITY RENOVATIONSTHE HUNTER COLLEGE FOUNDATION SUPPORTS THE REPAIRS, RENOVATION AND IMPROVEMENTS OF THE FACILITIES AT HUNTER COLLEGE SUCH AS RENOVATION OF THE LIBRARY, UPGRADE TO CLASSROOMS AND LABORATORIES AND PURCHASE OF STATE OF THE ART EQUIPMENT. THIS SUPPORTS THE COLLEGE IN ITS ENDEAVOR TO OFFER ITS STUDENTS THE BEST FACILITIES AND LEARNING ENVIRONMENT. 1991227 1991227 THE HUNTER COLLEGE FOUNDATION PROVIDES SUPPORT TO COLLEGE FACULTY MEMBERS TO FURTHER SUPPORT RESEARCH AND SCHOLARSHIPS. 1991227 1991227 10878128 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 146 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 X 40 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X X LANA GOLDENBERG CO HUNTER COLLEGE 2123966433 695 PARK AVENUE ROOM 1313 NEW YORK NY 10065 X ELIZABETH H WITTEN 2.00 X X 0 0 0 JOAN GRABE 2.00 X X 0 0 0 SUSIE PETERSON CASE 2.00 X X 0 0 0 RUTH B NEWMAN 2.00 X X 0 0 0 SUZANNE SANTRY 2.00 X 0 0 0 CRAIG MACPHERSON 2.00 X 0 0 0 DAVID CHAPNICK 2.00 X 0 0 0 PATTY C BAKER 2.00 X 0 0 0 SUZY BALES 2.00 X 0 0 0 SUSAN V BERSHAD 2.00 X 0 0 0 SHEILA L BIRNBAUM 2.00 X 0 0 0 DONALD CAPOCCIA 2.00 X 0 0 0 LEONA F CHANIN 2.00 X 0 0 0 BARBARA GLOVEN CHESLER 2.00 X 0 0 0 CHARLOTTE K FRANK 2.00 X 0 0 0 MICHAEL P FRANKFURT 2.00 X 0 0 0 CAROL GOLDBERG 2.00 X 0 0 0 HELENE D GOLDFARB 2.00 X 0 0 0 HARRIET M GRUBER 2.00 X 0 0 0 NEIL JANOVIC 2.00 X 0 0 0 EDWIN KABAKOW 2.00 X 0 0 0 ROGER KAMAU 2.00 X 0 0 0 LUCILLE KAUFMAN 2.00 X 0 0 0 EVELYN KRANES KOSSAK 2.00 X 0 0 0 ABBY MILLER LEVY 2.00 X 0 0 0 AVINASH N MEHROTRA 2.00 X 0 0 0 SIDNEY A MILLER 2.00 X 0 0 0 SOPHIA MUIRHEAD 2.00 X 0 0 0 ELLEN ODONER 2.00 X 0 0 0 ERIK R OKEN 2.00 X 0 0 0 CAROLE OLSHAN 2.00 X 0 0 0 JANE E OPPENHEIM 2.00 X 0 0 0 ADA PELUSO 2.00 X 0 0 0 ABHINAV PRASAD 2.00 X 0 0 0 JULIE ROSS 2.00 X 0 0 0 KLARA SILVERSTEIN 2.00 X 0 0 0 DIANE VOLKE 2.00 X 0 0 0 CATHY WEINROTH 2.00 X 0 0 0 JUDY F ZANKEL 2.00 X 0 0 0 JENNIFER J RAAB 15.00 X 0 320800 55162 JAYNE ROSENGARTEN 55.00 X 0 175774 6469 DAPHNE HALPERN 55.00 X 0 0 0 DAVID CRICK 35.00 X 0 104618 20617 GAIL SCOVELL 5.00 X 14000 181370 21911 EVE A LEVY 35.00 X 124998 0 0 GEORGES BENJAMIN 35.00 X 101643 0 5600 240641 782562 109759 2 0 1 0 COMMUNITY COUNSELING SERVICE COMPANY 461 5TH AVENUE NEW YORK NY 10017 CONSULTING 185000 1 296225 20685754 61139 20981979 971434 971434 44132252 43329113 803139 803139 803139 30425 296225 73603 -43178 -43178 22713374 0 0 1731395 4157141 4157141 325305 325305 1026723 490687 79019 457017 95112 46032 6833 42247 31803 31803 84561 84561 120552 120552 422005 207365 139000 75640 155091 151602 3489 524873 479817 21990 23066 129800 78520 51280 214793 214720 73 11510 6124 5386 21563 21563 20045 6623 13422 REPAIRS AND MAINTENANCE 2930455 2912312 18143 PUBLIC PROG AND EXHIBIT 861787 861787 SPEAKER/HONORARIUM FEES 568075 564592 3483 PUBLICATION EXPENSES 120833 120833 257198 233105 16436 7657 12079225 10878128 510909 690188 1926814 1659221 4072694 2528038 6188294 18379483 130946 0 14106 54171 5294329 1612937 32740942 35682286 375610 339456 50743735 60255592 272530 459542 108256 93551 380786 553093 X 1153994 227318 25134263 28608934 24074692 30866247 50362949 59702499 50743735 60255592 X 10634149 -1294599 X X 0 1 1 X 0 X 10033440 10685375 11028678 8808120 20981979 61537592 10033440 10685375 11028678 8808120 20981979 61537592 12192223 49345369 405549 481584 712895 1045338 971434 3616800 65154392 360645 0.75740 0.84390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26019495 6819336 201902 180061 458253 32402419 23571615 95235 2624071 43320 228106 26019495 20359325 2829456 626561 34205 209522 23571615 24831242 767469 -5202014 37372 20359325 0.93000 0.07000 0 0 0 MUTUAL FUNDS 29303868 F ALTERNATIVE INVESTMENTS 6075037 F CORPORATE OBLIGATIONS 303381 F 35682286 ANNUITY OBLIGATIONS 93551 93551 22713374 12079225 10634149 -1294599 -1294599 9339550 21371826 -1294599 73603 -1220996 22592822 120552 120552 22713374 12032276 73603 73603 11958673 120552 120552 12079225 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. PART V - LINE 4 - INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS THE HUNTER COLLEGE FOUNDATION MAINTAINS ENDOWMENT FUNDS THAT PROVIDE INVESTMENT INCOME PRINCIPALLY FOR COLLEGE SCHOLARSHIPS, GRANTS, EDUCATIONAL PROGRAMS AND SALARY SUPPORT. PART XII, LINE 2D - SPECIAL EVENTS EXPENSES $73,603 PART XIII, LINE 2D - SPECIAL EVENTS EXPENSES $73,603 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 4750000 0 0 0 0 0 0 4750000 0 4750000 1 0 1 0 0 0 X X X X X X X 1 RUFFALO CODY 69 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 CONSULTING FOR FUNDRAISING 1 139911 84561 55350 139911 84561 55350 NY BRKDALE CTR BENEFIT 25050 15250 9800 9614 11125 SCHL OF PUB HLTH BENEFIT 301600 280975 20625 32632 2100 18132 326650 296225 30425 9614 32632 2100 29257 73603 -43178 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE HUNTER COLLEGE FOUNDATION ENGAGES OUTSIDE CONSULTANTS TO ADVISE THE INTERNAL STAFF ON FUNDRAISING METHODS AND STRATEGIES. HUNTER COLLEGE FOUNDATION ALSO ENGAGES CONSULTANTS SUCH AS RUFFALO CODY TO DIRECTLY SOLICIT FUNDS FROM POTENTIAL DONORS. THE EFFORTS OF RUFFALO CODY ALONE RAISED $139,911 FOR THE TAX YEAR ENDED 06/30/2012. THE COMBINED EFFORTS OF THE INTERNAL STAFF AND OUTSIDE CONSULTANTS RAISED $20,685,754 FOR THE TAX YEAR ENDED 06/30/2012. THE PROFESSIONAL FUNDRAISERS WERE PAID THE FOLLOWING DURING THE TAX YEAR ENDED 06/30/2012 AS FOLLOWS: RUFFALO CODY - 69 KIRKWOOD NORTH ROAD SW, CEDAR RAPIDS, IOWA 52404 - $84,561 1 HUNTER COLLEGE OF THE CITY UNIVERSITY OF NEW YORK 695 PARK AVENUE NEW YORK NY 10065 136001027 501(C)(3) 3714086 FMV SALARY SUPPLEMENTS, SCHOLARSHIPS AND FELLOWSHIPS. RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK 695 PARK AVENUE NEW YORK NY 10065 131988190 501(C)(3) 428055 FMV RESEARCH GRANTS NEW YORK LEGAL ASSISTANCE GROUP 450 WEST 33RD STREET FLOOR 11 NEW YORK NY 10001 133505428 501(C)(3) 10000 FMV TISCH COMMUNITY HEALTH PRIZE AWARD RECIPIENT COMMUNITY ENVIRONMENTAL CENTER 43-10 11TH STREET LONG ISLAND CITY NY 11101 132703552 501(C)(3) 5000 FMV TISCH COMMUNITY HEALTH PRIZE AWARD RECIPIENT 4 SCHOLARSHIPS/FELLOWSHIPS 132 163000 FMV GRANT AWARDS-EMERGENCY FUNDING 41 34374 FMV STIPEND/INTERNSHIPS 38 72417 FMV TISCH COMMUNITY HEALTH PRIZE AWARD RECIPIENT 1 5000 FMV AWARDS - COLLEGE FACULTY 23 50514 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION TRANSFERS THE FUNDS TO STUDENTS BY PLACING THE FUNDS WITH THE COLLEGE BURSAR'S ACCOUNT. THE STUDENTS CAN THEN USE THE FUNDS FOR TUITION AND OTHER EXPENSES. SOME DONORS DO REQUIRE STEWARDSHIP REPORTS, DETAILING HOW THE FOUNDATION ALLOCATED THE FUNDS AND HOW THE STUDENTS WERE SELECTED. THE FOUNDATION HAS PROCESSES IN PLACE TO ENABLE IT TO PREPARE SUCH STEWARDSHIP REPORTS WHEN THEY ARE REQUIRED. 0 0 0 0 0 0 0 0 0 JENNIFER J RAAB 0 320800 0 0 0 0 0 47513 0 7649 0 375962 0 0 JAYNE ROSENGARTEN 0 175774 0 0 0 0 0 6262 0 207 0 182243 0 0 GAIL SCOVELL 14000 181370 0 0 0 0 0 21911 0 0 14000 203281 0 0 X 11 61139 SELLING PRICE FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE HUNTER COLLEGE FOUNDATION USES JP MORGAN TO HANDLE AND PROCESS ALL INVESTMENT ACTIVITY. THEREFORE, ALL NONCASH CONTRIBUTIONS RECEIVED ARE ALSO PROCESSED BY JP MORGAN. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 WITH MANAGEMENT AND AUDITORS AND APPROVES THE FORM 990 FOR FILING. FOLLOWING AUDIT COMMITTEE APPROVAL AND PRIOR TO FILING, A COPY OF THE FORM 990 IS ELECTRONICALLY DELIVERED TO EACH MEMBER OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST AND DISCLOSURE POLICY IS DISTRIBUTED TO BOARD MEMBERS AT THE INITIAL MEETING OF THE YEAR. THE BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, SIGN THE CONFLICT OF INTEREST AND DISCLOSURE POLICY ANNUAL STATEMENT AND RETURN THE FORMS TO THE FOUNDATION. THESE FORMS ARE THEN REVIEWED BY COUNSEL IF ANY CONFLICT OF INTEREST IS DISCLOSED. THE CONFLICT OF INTEREST POLICY COVERS ANY INTERESTED PERSON WHO IS A TRUSTEE, OFFICER, KEY EMPLOYEE OR MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE FOUNDATION'S BOARD. AN INTERESTED PERSON WILL DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST TO THE EXECUTIVE COMMITTEE AND TO THE BOARD OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. AFTER THE INTERESTED PERSON DISCLOSES THE POTENTIAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON SHALL LEAVE THE EXECUTIVE COMMITTEE MEETING AND THE EXECUTIVE COMMITTEE MEMBERS SHALL DECIDE AND VOTE ON WHETHER A CONFLICT OF INTEREST EXISTS. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING BUT WILL THEN LEAVE THE MEETING BEFORE THE DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OR COMMITTEE WILL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. PART VI, SECTION B, LINE 14: A DOCUMENT RETENTION POLICY WILL BE REVIEWED AND CONSIDERED FOR ADOPTION BY THE HUNTER COLLEGE FOUNDATION BOARD IN FISCAL YEAR 2012-2013. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR OF THE FOUNDATION THROUGH JANUARY 2012, JAYNE ROSENGARTEN, WAS NOT COMPENSATED BY HUNTER COLLEGE FOUNDATION; HOWEVER SHE WAS EMPLOYED BY HUNTER COLLEGE AS EXECUTIVE DIRECTOR OF DEVELOPMENT AND WAS COMPENSATED BY HUNTER COLLEGE. HUNTER COLLEGE IS PART OF THE CITY UNIVERSITY OF NEW YORK ("CUNY"), A QUASI-GOVERNMENTAL ENTITY, AND THEREFORE FOLLOWS CUNY'S HIRING PRACTICES. THIS POSITION IS IN THE CUNY EXECUTIVE COMPENSATION PLAN ("ECP"). THE BOARD OF TRUSTEES OF CUNY ESTABLISHES COMPENSATION RANGES FOR ECP EMPLOYEES BASED ON THE LEVEL OF RESPONSIBILITY AND REVIEWS AND APPROVES ALL ECP APPOINTMENTS TO ENSURE COMPARABILITY ACROSS THE CUNY SYSTEM WHICH CONSISTS OF TWENTY FIVE COLLEGES AND SCHOOLS. DUE TO MS. ROSENGARTEN'S DEPARTURE IN FEBRUARY 2012, THE FOUNDATION'S EXECUTIVE COMMITTEE APPROVED A CONTRACT WITH COMMUNITY COUNSELING SERVICES ("CCS") TO RETAIN THE SERVICES OF DAPHNE HALPERN TO ACT AS THE INTERIM EXECUTIVE DIRECTOR OF THE HUNTER COLLEGE FOUNDATION AND AS THE INTERIM EXECUTIVE DIRECTOR OF DEVELOPMENT OF HUNTER COLLEGE. UNDER THE CONTRACT, THE FOUNDATION PAID CCS FOR MS. HALPERN'S SERVICES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A - OFFICERS, DIRECTORS, TRUSTEES GAIL SCOVELL IS COMPENSATED BY BOTH HUNTER COLLEGE AND HUNTER COLLEGE FOUNDATION. SHE WORKS 30 PER WEEK FOR HUNTER COLLEGE AND 5 FOR HUNTER COLLEGE FOUNDATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,294,599. FORM 990, PART XII, LINE 2C - FINANCIAL STATEMENTS AND REPORTING THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IX, LINE 11G, FEES FOR SERVICES - OTHER THIS LINE REFLECTS FEES FOR SERVICES NOT SPECIFICALLY IDENTIFIED IN THE OTHER PARTS OF LINE 11, INCLUDING: ARCHITECTURAL SERVICES FOR THE LIBRARY AND OTHER PROJECTS; SERVICES RELATED TO PUBLIC RELATIONS, MARKETING AND COMMUNICATIONS MATERIALS; AND THE PAYMENTS TO CCS FOR DAPHNE HALPERN'S INTERIM EXECUTIVE DIRECTOR SERVICES. HUNTER COLLEGE OF THE CITY UNIVERSITY OF NEW YORK 695 PARK AVENUE NEW YORK NY 10065 PUBLIC COLLEGE NY 170(B)(1)(A)(II) 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1