2013-11-15T19:10:18-06:00 2013-06-30 GRANT THORNTON LLP ONE CALIFORNIA STREET SUITE 2300 SAN FRANCISCO CA 94111 990 2012-07-01 866051042 Arizona State University Foundation For A New American University % VIRGINIA E FOLTZ CPA ARIZ 4809653759 PO Box 2260 Suite Tempe AZ 85280 Virginia Foltz 4809651791 2013-11-15 true JOSEPH S DE TRANE 4159863900 2012 2015-11-30 17:44:51Z RF Shangraw JR 300 E University Dr Tempe AZ 85281 479221881 false X www.asufoundation.org X 1955 AZ TO ENSURE THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY. 18 16 233 0 -367468 -377222 92735382 82237898 4132244 4996909 28506523 23376367 5900063 4411325 131274212 115022499 54583425 58095813 0 0 6357751 7021533 180000 270569 6584948 17960117 18267620 79081293 83655535 52192919 31366964 790864238 860858067 203787380 206142322 587076858 654715745 TO ENSURE THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY. false false 69650774 58095813 8399271 All program expenses support the 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1.0 0.0 X 0 0 0 Gary Trujillo 1.0 0.0 X 0 0 0 Michael M Crow 1.0 0.0 X 0 0 0 Kenneth Van Winkle 1.0 0.0 X 0 0 0 Greg Vogel 1.0 0.0 X 0 0 0 Scott Wald 1.0 0.0 X 0 0 0 Angelina Yin Cesal 1.0 0.0 X 0 0 0 RF Shangraw Jr 60.0 1.0 X X 413966 0 104562 Scott Crozier 1.0 0.0 X 0 0 0 Craig Weatherup 1.0 0.0 X 0 0 0 Virginia Foltz 50.0 3.0 X 200679 0 28613 Juliet A Lim 40.0 0.0 X 218044 0 33596 Wellington Reiter 40.0 0.0 X 247635 0 24335 Augustine Cheng 40.0 0.0 X 492293 0 40270 Kenneth J Polasko 40.0 0.0 X 242909 0 27636 Gretchen Buhlig 40.0 0.0 X 227892 0 11239 Joshua Friedman 40.0 0.0 X 227427 0 23812 2270845 0 294063 37 false true false Cambridge Associates LLC PO Box 10317 UNIONDALE NY 115550317 Consulting 1080719 Irell Manella LLP 1800 Avenue of the Stars 900 LOS ANGELES CA 900674276 Legal 755497 McDonnell Boehnen Hulbert Berhoff 300 South Wacker Drive Ste 3100 CHICAGO IL 606066709 Legal 402075 Coleman Dahm and Associates 4715 North 32nd Street Ste 107 PHOENIX AZ 85018 Legal 279840 Fulbright Jaworski LLP 600 Congress Ave Ste 2400 AUSTIN TX 78701 Legal 251333 19 82237898 1259592 82237898 PROGRAM SUPPORT 541800 2209549 2208699 850 BRICKYARD RENTAL 531120 2787360 2787360 4996909 11300766 -368318 11669084 0 0 1008963 1008963 0 1008963 1008963 376274983 364199382 12075601 12075601 12075601 0 0 0 ASSET MANAGEMENT FEES REVENUE 900099 1921060 1921060 MISCELLANEOUS 900099 1481302 1481302 3402362 115022499 8398421 -367468 24753648 58095813 58095813 0 0 0 390010 127848 168310 93852 179717 179717 4973183 888661 1627445 2457077 295767 40829 85423 169515 835241 122334 283952 428955 347615 43675 108376 195564 37200 24800 12400 1506564 1495716 10848 182603 47547 135056 124890 124890 270569 270569 1338405 582478 755927 1362550 537584 410934 414032 325815 109771 21350 194694 1570862 245684 908112 417066 382113 6420 360259 15434 0 290567 196109 94458 894411 591500 56000 246911 0 140272 59597 33239 47436 2095550 1397033 698517 0 1544238 421760 1122478 340574 95494 245080 FEES & 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RESTRICTED RESTRICTED X 0 124890 124890 69525884 69650774 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 542087 437870 345032 124890 1449879 250000 250000 250000 250000 1000000 1500000 94117 59081 0 0 153198 As part of its mission, ASU Foundation contributes to lobbying activities that support higher education in Arizona and the need for adequate funding to provide excellent educational opportunities for Arizona residents. true 1146641 141049 52996 1234694 true X 394228823 13841369 49318255 15285635 6819888 435282924 403582918 17233377 -6355550 13688776 6543146 394228823 337853340 20682854 65270036 12769824 7453488 403582918 309160513 18146275 28608138 11558372 6503214 337853340 364119943 27311927 -65128525 10606480 6536352 309160513 0.00880 0.79963 0.19157 false false 8138498 8138498 37000000 19420517 5503678 50916839 5672685 5275830 396855 59452192 ADAGE CAPITAL PARTNERS 50491106 F GARDNER RUSSO SEMPER VIC PRTN 33417551 F SILCHESTER INTL VALUE EQUITY 24174505 F TIFF REAL ESTATE PARTNERS II 2491441 F PARK ST. NATURAL RESOURCES II 2673718 F KAYNE ANDERSON ENERGY FUND V 2033549 F COVENTRY RE FUND III-A 2220922 F BERKSHIRE MULTIFAMILY FUND II 2796450 F RESOURCE CAPITAL VI 41667 F DAVIDSON KEMPNER INST PARTNERS 7182011 F STARK-SHEPHERD INTERNATIONAL 195757 F MASON CAPITAL 6209071 F TACONIC OFFSHORE 4633114 F INDUS JAPAN 2616303 F YORK SELECT UNIT TRUST 2538917 F OWL CREEK OVERSEAS 3414138 F OCTAVIAN OFFSHORE FUND 810327 F GRUSS GLOBAL INVESTORS 211293 F BENNETT RESTRUCTURING OFFSHORE 2816596 F VALINOR OFFSHORE 1435587 F YORK EUROPEAN OPPORTUNITIES 3803058 F TIFF PARTNERS V 3305250 F PARK ST PRIVATE EQUITY VI 3772328 F PARK ST PRIVATE EQUITY VII 3750135 F SVB STRATEGIC INVESTORS III 3943205 F VARDE FUND X 5016289 F TIFF REALTY & RESOURCES II 3527052 F INDUS ASIA PACIFIC 4137912 F GCM LITTLE ARBOR PARTNERS 33612 F KNIGHTHEAD OFFSHORE FUND 5147040 F FLUIDIC FUEL CELL 529819 F ENERVEST XII-B 2725214 F SCOPIA 3637692 F SCOUT CAPITAL 5214346 F TUV RHEINLAND PTL LLC 288071 F BAIN ABSOLUTE RETURN 3991095 F CANYON BALANCED FUND 3988723 F LUXOR CAPITAL PARTNERS 4407428 F DIALECTIC CAPITAL PARTNERS 3883255 F ENCAP FLATROCK MIDSTREAM FUND 469163 F NEUROTREK, INC. 77996 F AXON TECHNOLOGIES CORP 7966 F AZTE GREEN TECH INVESTMENT 1895634 F WESTBROOK IX 490925 F KAYNE ANDERSON ENERGY FUND VI 257143 F ENERVEST XIII-C 111654 F FORCE CAPITAL 3197346 F TIGER CONSUMER PARTNERS 4048445 F THIRD POINT 4199762 F HEALTH TELL, INC. 28354 F HEALIAE DEVELOPMENT 27925 F RESOURCE CAPITAL V 1762716 F 234080576 0 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 3969088 UNREALIZED SWAP LIABILITY 7693849 11662937 X 164326328 45195438 4756699 49952137 114374191 648308 648308 115022499 100093011 100093011 648308 -17085784 -16437476 83655535 Custodial Accounts Schedule D, Part IV, Line 1b The Arizona State University Foundation For a New American University is the trustee of Taylor Trust FBO ASU Foundation ("Taylor Trust"). Taylor Trust's mission is to establish and maintain the Fred E. Taylor chaired professorship in real estate at the Arizona State University W.P. Carey School of Business. Schedule D, Part IV, Line 2b The Arizona State University Foundation For A New American University holds assets as the trustee of a grantor trust for ASU and holds assets under an investment agreement with ASU Alumni Association. Endowment Use Description Schedule D, Part V, Line 4 All endowment expenditures support the education, research, public service and other activities of Arizona State University. Income Taxes Schedule D, Part X, Line 2 Management is of the opinion that material positions taken by the Foundation would be upheld under examination. Accordingly, the Foundation has not recorded an income tax liability for uncertain tax positions as of June 30, 2013, and does not anticipate a significant change for the following twelve months. As of June 30, 2013, the Foundation's fiscal years 2009 through 2012 for the federal and 2008 through 2012, for Arizona tax jurisdictions remain open to examination. Schedule D, Part XI, Line 2d Change in value of split interest agreements $212,982 Change in assets due to other entities (12,493,651) Net Income attributed to Taylor Trust reported on separate tax return 88,053 Brickyard Rental Expenses (1,780,825) ASU Expense Recovery 18,200,381 Revenue Attributed to ASURE reported on separate tax return 529,759 --------------- $4,756,699 Schedule D, Part XII, Line 4b ASU Expense Recovery $(18,200,381) Brickyard Rental Expenses 1,780,825 Expense Attributed to ASURE reported on separate tax return (666,228) ---------------- $(17,085,784) Central America and the Caribbean Investments 74570814 74570814 74570814 true false true true true false X X X X X true The Eudy Company 4200 Massachusetts Ave NW 312 Washington WA 20016 Consulting false 6310100 225569 0 The Hallisey Group fundraising false 940218 45000 0 7250318 270569 0 AZ CA CO HI ME MA MI MN NH NJ NY ND OH OK OR SC UT WA true Arizona State University PO Box 870502 Tempe AZ 85287 860196696 115 57012420 Program Support ASU Alumni Association PO Box 873702 Tempe AZ 85287 866053009 501(c)(3) 87921 PROGRAM SUPPORT University of Arkansas 1 Univ of AR Fayetteville AR 72701 716056774 501(c)(3) 467158 PROGRAM SUPPORT Colorado State University 6003 Campus Delivery Fort Collins CO 80523 846000545 115 10000 program support Texas Christian University TCU Box 297011 Fort Worth TX 76129 750827465 501(c)(3) 17800 program support University of South Carolina School of Journalism Mass Communi Columbia SC 29208 576001153 115 10000 Program Support Central Michigan University Accounting WA 304 Mt Pleasant MI 48859 386004447 115 50000 Program Support Elon University 100 Campus Drive Elon NC 27244 560532303 501(c)(3) 50000 Program Support LSU Foundation 3838 W Lakeshore Dr Baton Rouge LA 70808 726020968 501(c)(3) 50000 Program Support 5 4 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 Grants paid consist of funds provided to Arizona State University, its affiliates and other non-profits for ASU related initiatives, which are accounted for and monitored through the use of accounts and account purposes at the time of each disbursement. X X X X true true X X X X false true false false false false false true false RF Shangraw Jr 413786 0 0 0 180 0 86800 0 17762 0 518528 0 0 0 Virginia Foltz 200679 0 0 0 0 0 13500 0 15113 0 229292 0 0 0 Juliet A Lim 217864 0 0 0 180 0 15750 0 17846 0 251640 0 0 0 Wellington Reiter 246384 0 0 0 1251 0 14583 0 9752 0 271970 0 0 0 Augustine Cheng 348587 0 107250 0 36456 0 17500 0 22770 0 532563 0 0 0 Kenneth J Polasko 222295 0 20000 0 614 0 16100 0 11536 0 270545 0 0 0 Gretchen Buhlig 217685 0 10000 0 207 0 10500 0 739 0 239131 0 0 0 Joshua Friedman 207427 0 20000 0 0 0 10500 0 13312 0 251239 0 0 0 Housing allowance Schedule J, Part I, Line 1a The Sr VP & Managing Director of AZTE receives a housing allowance. The payments are reported as taxable compensation and reported on Form W-2. Travel for companions Schedule J, Part I, Line 1a The SR VP & Managing Director of AZTE receives travel reimbursements for himself and his spouse. The payments are reported as taxable compensation and reported on Form W-2. Tax indemnification and gross-up payments Schedule J, Part I, Line 1a The SR VP & Managing Director of AZTE receives tax gross up payments. The payments are reported as taxable compensation and reported on Form W-2. Health or Social Club Dues or initiation fees Schedule J, Part I, Line 1A CEO of ASUF receives membership in a country club. The payments are reported as taxable compensation and reported on Form W-2. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b As part of the CEO's employment agreement, the Foundation will maintain a supplemental retirement plan. The CEO of ASUF has a severance arrangement as part of his employment agreement which provides for a payment of his base salary payable for the remainder of the term of his employment agreement upon termination without cause. Non-fixed payments Schedule J, Part I, Line 7 For Arizona State University Foundation For A New American University, non-fixed payments are based on compensation agreements and success benchmarks stated in employment contracts. The compensation contract for the CEO of Arizona Science and Technology Enterprises (AZTE) allows for the Board of Directors of AZTE to approve discretionary bonuses without fixed amount calculations based on the Board's overall satisfaction of the CEO's performance. Schedule J, Part II ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY'S FIVE HIGHEST PAID EMPLOYEES INCLUDE Two MEMBERS OF THE MANAGEMENT TEAM OF ITS SUBSIDIARY, ARIZONA SCIENCE AND TECHNOLOGY ENTERPRISES (AZTE). AZTE IS A LIMITED LIABILITY CORPORATION IN WHICH THE ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS THE SOLE MEMBER AND PROVIDES TECHNOLOGY TRANSFER SERVICES FOR ARIZONA STATE UNIVERSITY. AS THE SOLE MEMBER, THE ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY HAS DELEGATED RESPONSIBILITY FOR MANAGEMENT OF AZTE TO THE SEVEN-MEMBER BOARD OF DIRECTORS FOR AZTE, INCLUDING OPERATIONAL ACTIVITIES AND COMPENSATION. A Industrial Devlpmt Auth of the City of Tempe AZ 860439481 87972FBD8 2003-10-28 47673436 Construct and equip facility false false false B Industrial Devlpmt Auth of the City of Tempe AZ 860439481 87972MAB8 2004-07-01 22420000 Acquire Improve and Equip Facility false false false A 4205000 0 48246327 0 4695143 0 654122 518817 0 42378245 0 0 2005 false false true true B 0 0 22175437 650000 0 0 277740 0 0 21247697 0 0 2004 false false true true A false true false false 0.02950 0.02950 false false false true B false false false false 0.00000 0.00000 false false false true A false false false false false false 0 true AIG Matched Funding 3.3 true true true B false false false false true true Bank of America 30. false false false 0 true true A true B true Schedule K, Part IV, Line 2C 0 The following are the dates the rebate computation was performed: A Industrial Devlpmt Auth of the City of Tempe, AZ: 11/19/2008 B Industrial Devlpmt Auth of the City of Tempe, AZ: 7/29/2009 Sybil Francis Family member of director 179717 employment false X 42 1039504 FMV X 2 207880 FMV X 1 12208 FMV false true true Schedule M, Part I, Line 32b The Foundation uses a variety of brokerages and service companies to convert non-cash gifts to cash based on the type of non-cash gift received. ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS REFERRED TO AS "ASUF" OR "THE FOUNDATION" IN THIS SCHEDULE Form 990, Part IV, Line 18 and Part V, Line 7a and 7b: ASUF conducts fundraising events for the benefit of Arizona State University (ASU). Event participants receive charitable gift receipts indicating the gross value of the goods received, the fair market value of benefits received by donor, and the net amount that may be considered a charitable contribution. Form 990, Part VI, Line 11b: ASUF's Form 990, Return of Organization Exempt From Income Tax, is prepared by an accounting firm. The draft is submitted to the ASU Foundation for review by management for accuracy of reporting. The board of directors has delegated review of the Form 990 to the Audit Committee. Management and a representative of the accounting firm review the Form 990 with the Audit Committee. Once approved and accepted by the Audit Committee, the form is signed by the CFO and submitted electronically to the IRS and the Board of Directors. Form 990, Part VI, Line 12c: Upon hire and on an annual basis, officers, directors, trustees and key employees are required to disclose any conflicts or potential conflicts relating to their involvement with ASUF. In addition, any time the individuals referred to above become aware of a new conflict, they are required to submit an updated conflict of interest/commitment form to the ASUF General Counsel. Form 990, Part VI, Line 15a: For ASUF, the Board of Directors approves the compensation package for the CEO based on current market comparisons provided by the foundation's Human Resources Department obtained from an independent compensation firm, responsibilites of the position, goals of the foundation and negotiations with the CEO. All other compensation decisions have been delegated to the CEO from the Board of Directors and a similar process is followed for obtaining CEO approval of key employees COMPENSATION. For Arizona Science and Technology Enterprises (AZTE), a single member limited liability company controlled by ASUF, the CEO's compensation contract was reviewed through general counsel of ASUF and general counsel of ASU. It included a compensation comparison performed by a third party service provider and was approved by AZTE's Board of Directors. Form 990, Part VI, Line 19: The ASUF financial statements and Conflict of Interest Policy are available to the public on the organization's website. The organization's governing documents are not available to the public. Form 990, Part VII, Section B, Line 1 and Attachment 1: All of the legal services disclosed in attachment 1 were performed in support of AzTE's technology transfer services to the University and are not related to the primary fundraising services of the Foundation. Form 990, Part IX, Line 24d: In its effort to support ASU, the Foundation and Affiliates perform a broad scope of services that include: fundraising, investment management, technology transfer, advocacy, university branding and marketing, educational awareness, and property financing and management. Certain elements of management and general expenses are driven by the broad scope of the Foundation's role in support of ASU. The ASU Foundation's fundraising expenses support activities that generate contributions that go directly to entities other than itself, such as ASU and other ASU affiliates; thus, not all fundraising results generated through the Foundation's efforts are reflected in the contribution totals on the Foundation's 990. Form 990, Part XI, Line 9: Change in Assets due to Other Entities (12,493,651) Change in Value of Split Interest Agreements 212,982 Change in Value of Unrealized Swap 3,357,154 __________________ Total Other Changes in Net Assets (8,923,515) AZ Science and Technology Enterprises PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 46557 8157406 ASUF ASUF LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 76545 39558290 ASUF ASUF Brickyard LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 4227893 39966638 ASUF ASUF Scottsdale LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ -59418 266328 ASUF ASUF Dupont LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ -382 17267 ASUF ISW Technologies LLC PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 0 AZTE RH Technologies LLC PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 0 0 AZTE 3d cell technologies llc po box 2260 tempe AZ 85280 866051042 intellec prop AZ 0 0 AZTE Taylor Trust FBO ASU Foundation PO Box 2260 Tempe AZ 85280 866252445 Support AZ 501 (C )(3) 11(A) ASUF true ASU Research Enterprise University Dr Suite 300E Tempe AZ 85281 900868685 support AZ 501 (C )(3) 9 ASUF true AZTE Ventures Co 1475 N Scottsdale Rd Ste 200 Scottsdale AZ 85257 270151042 Solar Energy AZ AZTE C Corp -67019 295840 1.00000 true Charitable Remainder Trust (20) Charit Rem Tr ASUF Trust true false false true true false false false false false false true false false true false false false false ASU Research Enterprise d 247405 cost ASU Research Enterprise l 53650 cost AZTE l 90000 cost Form 990, Schedule R, Part IV, Column C There are 18 charitable trusts with legal domicile in Arizona and 2 charitable trusts with legal domicile in Nevada. ASU Foundation for a New Ame PO Box 2260 Tempe AZ 852802260 866051042 0 124890 124890 69525884 69650774 1000000 250000 0 0 0 AZTE Ventures Co 1475 North Scottsdale Road Suite 20 Scottsdale AZ 852579908 270151042 0 0 0 0 0 0 0 0 0 0 ASU Research Enterprise PO Box 2260 Tempe AZ 852802260 900868685 0 0 0 0 0 0 0 0 0 0 Taylor Trust FBO ASU Foundat PO Box 2260 Tempe AZ 852802260 866252445 0 0 0 0 0 0 0 0 0 0