2013-04-26T13:08:03-07:00 2012-06-30 990 2011-07-01 237394620 UNIVERSITY OF ALASKA FOUNDATION UNIV 9074508122 PO Box 755120 Fairbanks AK 997755120 Jim Lynch 9074508121 2013-04-26 2011 2016-02-25 16:41:14Z Jim Lynch PO Box 755120 Fairbanks AK 997755120 61572262 0 X http://www.alaska.edu/foundation X 1974 AK The mission of the University of Alaska Foundation is to seek, secure, and steward philanthropic support to build excellence at the University of Alaska. 27 23 0 41 -173773 0 16672350 18826839 615538 647705 3691919 4051175 -32792 -4334 20947015 23521385 13534839 13719810 0 0 0 0 0 0 531145 2877482 2817709 16412321 16537519 4534694 6983866 193063352 197524368 3062975 3721062 190000377 193803306 The mission of the University of Alaska Foundation is to seek, secure and steward philanthropic support to build excellence at the University of Alaska. 0 0 13719810 13679810 647705 The Foundation works in partnership with the University of Alaska's campus development offices to increase private support of programs and projects that are important to the University's 16 campuses, and to Alaska. Foundation staff support and serve the campus development staff in identifying, cultivating, soliciting, closing and stewarding private gifts. The Foundation solely manages the funds entrusted to it for the benefit of the University. In addition, the Foundation manages the investable assets of the University's Land Grant Trust Fund. The Foundation is responsible for gift acceptance, gift investment, and gift disbursement to the University. Great care is taken to ensure gifts are used in accordance with donor's wishes. More than 1400 separate named and endowed funds are managed and invested for the benefit of the University. In 2012, the Foundation distributed $13.7 million for the benefit of the University. Included in this amount was $2.9 million distributed for more than 2167 scholarships awarded by the University of Alaska. 0 0 0 13719810 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 21 0 1 0 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 27 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK FL MS ND X X James Lynch 9074508030 910 Yukon Drive Suite 206 Fairbanks AK 99775 X Leo Bustad 2.3 X 0 0 0 Tom Case 0.6 X 0 200534 47627 Fuller Cowell 0.4 X 0 0 0 Theodore Fathauer 0.7 X 0 0 0 Pat Gamble 0.9 X 0 315227 49422 Gregory Gursey 0.6 X 0 0 0 John Hughes 0 X 0 0 0 Mary Hughes 1.1 X 0 0 0 Thomas Jensen 0 X 0 0 0 Scott Jepsen 0.3 X 0 0 0 Jim Johnsen 0.6 X 0 0 0 Wendy King 0 X 0 0 0 Betsy Lawer 0.4 X 0 0 0 William MacKay 0.2 X 0 0 0 Bob Mitchell 5.1 X 0 0 0 Richard Mystrom 0.2 X 0 0 0 Ann Parrish 0.9 X 0 0 0 Frank Paskvan 0.4 X 0 0 0 Karen Polley 0.7 X 0 0 0 John Pugh 0.6 X 0 216303 20371 Brian Rogers 0.6 X 0 306117 36585 Marilyn Romano 0.5 X 0 0 0 Grace Schaible 0 X 0 0 0 Melody Schneider 1.1 X 0 0 0 Lorali Simon 1.7 X 0 0 0 Arliss Sturgulewski 1 X 0 0 0 Anand Vadapalli 0.5 X 0 0 0 Carolyne Wallace 1.9 X 0 0 0 Kirk Wickersham 0.4 X 0 0 0 Carla Beam 20 X X 0 77223 12444 Eric Wohlforth 4.2 X X 0 0 0 Jo Michalski 1.9 X X 0 0 0 Susan Anderson 1.2 X X 0 0 0 James Lynch 16 X 0 126295 33401 Mary Rutherford 30 X 0 114042 26264 Tamera Weaver 30 X 0 116004 21060 David Woodley 40 X 0 131529 22947 0 1603274 270121 0 0 1 0 University of Alaska PO Box 756540 Fairbanks AK 997756540 Procurement of Staff 1939133 1 0 20175 206651 1059984 0 17540029 1002902 18826839 Associated Entity Service Fee 523920 626624 626624 0 0 Membership Revenue 900099 8960 8960 0 0 Student Investment Fund 523920 11121 11121 0 0 Museum Program Revenue 900099 1000 1000 0 0 0 0 0 0 647705 1990690 0 22864 1967826 0 0 0 0 1063 0 0 1063 399 0 0 0 399 0 399 0 0 399 38877752 1045598 37862865 0 1014887 1045598 2060485 0 -196637 2257122 181935 206651 187537 -5602 0 -5602 0 0 0 0 0 0 281 475 -194 -194 0 0 0 23521385 647511 -173773 4220808 13679810 13679810 40000 40000 281723 262964 18759 954 954 501674 501674 277306 277306 1271912 899228 372684 1000 1000 84952 42427 42525 129791 117492 12299 5 5 61286 39933 21353 94034 81640 12394 49762 42909 6853 8812 8812 Tuition/Registration 9440 0 5924 3516 Subscription/Books 10139 0 4641 5498 Special Event Expenses-Indirect 16349 0 0 16349 Miscellaneous 18570 0 655 17915 16537519 13719810 2286564 531145 0 0 30648317 30936571 13333204 8432336 777 0 0 0 0 0 1128935 1912618 38852 38377 0 0 118414585 108374955 28338574 46692617 655793 632407 0 0 504315 504487 193063352 197524368 299841 307063 1480394 1847397 0 257127 0 0 0 0 0 0 1282740 1309475 0 0 0 0 3062975 3721062 X 23424191 23592409 79551909 78013622 87024277 92197275 190000377 193803306 193063352 197524368 X 6983866 -3180937 X 0 1 1 X 0 X 29971488 31195455 16834492 16672350 18826839 113500624 0 0 0 0 0 0 45504 47780 54980 54980 58287 261531 30016992 31243235 16889472 16727330 18885126 113762155 31854146 81908009 3631696 2269150 2114529 2597466 1969288 12582129 -95 -70881 -117527 73441 -173773 -288835 0 0 0 0 0 0 126055449 3567198 0.64978 0.59755 X Schedule A, Part 1, Lines 5 and 7 - The Foundation qualifies for Public Charity Status by virtue of both fitting 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (in the latter case, with a public support percentage of 33.33% or greater). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 16537519 16537519 976876 244219 0 0 1000000 949025 970616 976876 3896517 5844776 0 0 0 0 0 250000 237256 242654 244219 974129 1461194 0 0 0 0 0 142210370 7224184 375418 4787727 0 1319457 143702788 112815560 14467562 19335170 3313940 0 1093982 142210370 92958433 14541688 8021776 1781961 0 924376 112815560 116479674 13351507 -27400698 4302142 3881270 1288638 92958433 0.23 0.64 0.13 0 0 Fixed Income Funds 52 F Hedged Funds 6293890 F Real Estate 9356274 F Absolute Return 13333776 F Natural Resources Private Equity 3560609 F Venture Capital Private Equity 2734093 F Private Equity 8380087 F Distressed Debt 1512175 F Mezzanine Financing 659143 F Commodities 862518 F 46692617 0 0 23521385 16537519 6983866 -3082979 0 0 0 -97181 -3180160 3803706 20245576 -3082979 0 0 -97181 -3180160 23425736 277306 -181657 95649 23521385 16441870 0 0 0 181657 181657 16260213 277306 0 277306 16537519 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Earnings on endowments are used to support the University of Alaska as specified by our donors including, but not limited to, scholarships, fellowships, professorships and department support. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The foundation is an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is generally not subject to federal income taxes. Contributions to the foundation are deductible for tax purposes by the donor, subject to the normal limitations imposed by the taxing authorities. However, the foundation is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded from any unrelated trade or business. In the opinion of management any unrelated business income tax would be immaterial to the basic financial statements taken as a whole. The foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Annual actuarial adjustment calculated on the charitable remainder trust liability <68,579>. Contributions refunded to donors in the amount of 1,435. Uncollectible pledges of <30,037>. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Loss on pledges for <30,037>, Contributions refunded to donor for 1,435, and adjustment of remainder trust liability for <68,579>. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Event expenses were included in the revenue section for <187,537>, event expenses from outside sources were posted to increase revenue and expenses for 6,355, Cost of Goods sold was reported in the revenue section for <475>. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct event expenses were reported in the revenue section for 187,537. Cost of goods sold was reported in the revenue section for 475. Event expenses from outside sources were posted to increase revenue and expense for <6,355>. Central America and the Caribbean 0 0 Investments None 19413127 0 0 19413127 1 0 0 1 1 0 Dinner 104756 77336 27420 0 0 0 7891 175 12311 Dinner 59020 34230 24790 0 0 0 19564 435 9281 10 210738 89429 121309 500 1615 13140 51379 3573 63735 374514 200995 173519 500 1615 13140 78834 4183 85327 183599 -10080 1 University of Alaska PO Box 755000 Fairbanks AK 997755000 926000147 115 13579473 100337 FMV on date property received Airline vouchers and auction items Scholarships and other Departmental Support for the University Programs. 0 0 Distinguished Service Awards 2 40000 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All grant funds provided to the University are required to include appropriate documentation with details on expenditures, as well as the authorized signature authority. All requests for scholarship funds by the university are further monitored by review of the criteria related to the scholarships, which provides assurance that the recipient meets eligibility requirements. Student progress is monitored to assure continued compliance with established criteria. 0 0 0 0 0 0 0 0 0 Pat Gamble 0 305197 0 0 0 10030 0 32613 0 16961 0 364801 0 0 Tom Case 0 199569 0 0 0 965 0 28959 0 18821 0 248314 0 0 David Woodley 0 127077 0 0 0 4452 0 3640 0 19459 0 154628 0 0 John Pugh 0 212724 0 0 0 3578 0 3882 0 16641 0 236825 0 0 Brian Rogers 0 296607 0 0 0 9510 0 33985 0 2752 0 342854 0 0 James Lynch 0 122876 0 0 0 3419 0 33401 0 152 0 159848 0 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 For Question 3 - See Schedule O narrative for Part VI, Section B, Line 15 and Part VII-A, Line 1(a) for more information related to these individuals who are paid by the University of Alaska. X 6 41929 Market Quotation X 1 171483 Provided by S Corp X Airline tickets 1 59945 Market Analysis Sample X Various auction items 183 41853 FMV at date of donation X Charitable Remainder Trust 3 687692 Actuarial Value 0 0 1 0 SchM_P01_S00_L00 Schedule M, Part I Our organization is reporting the number of contributons received. F990_P01_S00_L06 Form 990, Part I, Line 6 In FY12 there were 41 individuals that volunteered as trustees and committee members for the foundation. They provided over 1,600 hours of service based on meeting attendance and preparation, and conference attendance representing the organization. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee consists of no more than 6 members, who are also members of the governing body. The committee acts only during intervals between meetings of the Board of Trustees and may exercise all of the authority and powers of the Board of Trustees in the management of the affairs of the Foundation, with the exception that they may not amend the Bylaws. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Mary and John Hughes have a family relationship as well as a business relationship. Jim Johnsen and Anand Vadapalli have a business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Accounting Manager prepares a detailed preliminary review of the Form 990 for the Foundation President, Treasurer, Chief Investment Officer, and Chairman of the Finance and Audit Committee for discussion. At this meeting the staff will resolve issues and define key components of this filing. A full comprehensive review is performed by an exempt organization tax professional prior to the final executive summary presentation made to the Finance and Audit Committee during a regularly scheduled meeting. All trustees are invited to this presentation, and full copies of the Form 990 are posted and available for review on a secure section of the Foundation's website. In addition, the Form 990 is made available at the University of Alaska Foundation website within 10 days of filing, which is accessible by all board members as well as the general public. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The University of Alaska Foundation has a Conflict of Interest Policy which applies to board members, all committees, subcommittees, officers, employees and volunteers having board-delegated powers. This policy is distributed annually and each recipient reviews the policy, signs it and returns it to the Board Coordinator indicating either no conflicts or disclosing any existing or foreseeable conflicts. Any disclosures are then forwarded to the Executive Committee for review and action. The policy provides that potential conflicts are to be disclosed to the board, committee, officer or supervisor as soon as practicable after becoming aware of a potential conflict. If a conflict is disclosed in a meeting, the person of interest is asked to leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict. If appropriate, another person or committee may be appointed to investigate alternatives to the proposed transaction or arrangement. The nature of the potential conflict, the determination by the board or committee, and the details of any votes taken are documented in the minutes of the meeting. Any person violating the Conflict of Interest Policy shall be subject to appropriate discipline, including dismissal or removal from office. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The articles of incorporation and financial statements are available to the general public on the Foundation website, www.alaska.edu/foundation. The conflict of interest policy is available to the general public upon request. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Column B. The following individuals are full time employees of the University of Alaska: Pat Gamble, Brian Rogers, Tom Case, John Pugh, Carla Beam, Mary Rutherford, Jim Lynch, Tamera Weaver and David Woodley. Carla Beam provides services to the foundation for a minimum of 20 hours per week. Tamera Weaver provides services to the foundation for a minimum of 30 hours per week. Jim Lynch provides services to the foundation for a minimum of 24 hours per week. David Woodley is an adjunct instructor for the university in addition to serving in a full time capacity for the foundation. Other non-compensated listed individuals serve the university in various capacities. F990_P11_S00_L05 Form 990, Part XI, Line 5 Actuarial adjustment of remainder trust liability was reclassified for <$68,579>. Unrealized gain on investment was reclassified for <$3,082,979>. Uncollectible pledges were reclassified for <$30,037>. The Foundation refunded four contributions for a total of $1,435 during the year, all were the result of duplicate payments made in error. <$777> represents expenses incurred by a related entity but paid by the foundation upon dissolution of the related organization. SchB_P01_S00_L00 Schedule B, Part I On Schedule A Part I the Foundation qualifies for Public Charity Status by definition on line 5. This organization also meets the Schedule B "Special Rule" for a non-private foundation classification under section 170(b)(1)(A)(vi) so that we meet the 2% threshold for reporting based on Part VII, Line 1h. University of Alaska PO Box 756540 Fairbanks AK 997756540 926000147 Education through teaching, research AK Govt N/A 0 U of A Land and Buildings PO Box 755120 910 Yukon Drive Fairbanks AK 997755120 943126737 Holds title to real property AK 501 (c) (2) UA Foundation 1 Charitable Remainder Trust 207 Butrovich Building Fairbanks AK 99775 Charitable Remainder AK N/A T 0.61 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 SchR_P02_S00_L00 Schedule R, Part II The University of Alaska does not meet the definition of a 'related organization' for required reporting on Form 990, Schedule R. Although the University is supported by the University of Alaska Foundation, the Foundation is a public charity under Section 170(b)(1)(A)(iv) rather than under Section 509(a)(3). The University of Alaska Foundation is voluntarily reporting data on Form 990, Part VII and Schedule R as though there were a 509(a)(3) supporting/supported relationship in place with the University because management believes that donors and other readers of the Form 990 have an expectation that this information will be included on ths Form 990.