2013-05-14T15:04:30-05:00 2012-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2011-07-01 222482802 Rowan University Foundation % JOSEPH F SCULLY JR ROWA 8562564119 201 Mullica Hill Road Glassboro NJ 08028 RJ Tallarida Jr 2013-05-13 true 2155614200 2011 2016-02-25 16:41:14Z Ronald J Tallarida 201 Mullica Hill Road Glassboro NJ 08028 17430291 false X www.rufoundation.edu X 1983 NJ The primary purpose of the Foundation is to raise money and obtain gifts-in-kind and to channel those monies and gifts to Rowan University in meeting its education mission. 19 16 0 21 0 -178473 3808565 3770901 0 0 3957180 3223514 -1837 -27600 7763908 6966815 9298777 7900670 0 0 0 0 0 0 11811 305586 247794 9604363 8148464 -1840455 -1181649 155800151 150342866 1863812 1913735 153936339 148429131 ROWAN UNIVERSITY FOUNDATION (THE FOUNDATION) WAS CREATED TO ASSIST THE BOARD OF TRUSTEES AND THE PRESIDENT OF ROWAN UNIVERSITY (THE UNIVERSITY) IN THEIR EFFORTS TO ACHIEVE AND ADVANCE THE MISSION OF THE UNIVERSITY. THE PRIMARY PURPOSE OF THE FOUNDATION IS TO RAISE MONEY AND OBTAIN GIFTS-IN-KIND AND TO CHANNEL THOSE MONIES AND GIFTS TO ROWAN UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION. false false 1227417 1227417 Scholarships (restricted funds) given to students. 6673253 6673253 Grants to Rowan University. 7900670 true true false false false false false false true false true false false true false true false false false false false false false true false false true true true false false false false false false false false true false false false false true false false false false true 0 0 0 true true false false false false true true false false false false X 19 16 false false false false false false false true true false false true true true true false false false false false NJ X JOSEPH F SCULLY JR 8562564127 201 MULLICA HILL ROAD Glassboro NJ 08028 X Dr Ali Houshmand 5.0 X 0 344493 11280 David Burgin 2.0 X 0 0 0 Lawrence J Salva 2.0 X 0 0 0 Joe Bottazzi 3.0 X X 0 0 0 Tony Galvin 2.0 X 0 0 0 Robert Novick 2.0 X 0 0 0 Harry I Scheyer 2.0 X 0 0 0 Anthony Calabrese 2.0 X 0 0 0 Megan Kearney 2.0 X 0 0 0 Pauline Schneider 2.0 X 0 0 0 James Tarangelo 2.0 X 0 0 0 Robert W Hoey 2.0 X 0 0 0 Alyce Parker 5.0 X X 0 0 0 Paul Tully 3.0 X 0 0 0 Scott Kintzing 2.0 X 0 0 0 Helene Reed 2.0 X 0 0 0 Stanley LaBruna 2.0 X 0 0 0 Robert C Braun 2.0 X 0 0 0 Stephen H Clark 2.0 X 0 0 0 David J Strout 2.0 X 0 0 0 Allison Wedell 2.0 X 0 2827 0 Ronald J Tallarida 15.0 X 0 99074 7929 0 446394 19209 0 false true false 0 73566 3697335 492309 3770901 0 2611460 2611460 0 0 11016963 10404909 612054 612054 612054 30967 58567 -27600 -27600 0 0 0 6966815 612054 2583860 6673253 6673253 1227417 1227417 0 0 0 0 0 0 0 0 0 40853 40853 33420 33420 0 0 17391 17391 25000 25000 0 11811 11811 0 0 0 0 0 0 0 0 0 16028 16028 ANNUITIES DISTRIBUTION 56095 56095 TEACHING AWARDS 8544 8544 CATERING 16787 16787 FILING FEES 310 310 21555 21555 8148464 7900670 235983 11811 0 0 2765710 3829076 5440136 5482539 0 88228 0 0 0 0 0 0 0 0 0 1400 0 100653589 93747687 46940716 47193936 0 0 0 0 0 0 155800151 150342866 514299 569110 0 0 45541 117464 0 0 0 0 0 0 0 0 0 0 1303972 1227161 1863812 1913735 X 29984749 23538279 14392218 14605759 109559372 110285093 153936339 148429131 155800151 150342866 X -1181649 -4325559 X false true true X false X 2040958 2634591 1784981 3808565 3770901 14039996 2040958 2634591 1784981 3808565 3770901 14039996 2423673 11616323 3663583 3501460 2581490 2322746 2611460 14680739 8740 22589 29916 31594 30967 123806 28844541 0.40272 0.37392 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109559372 725721 110285093 108685061 874311 0 0 0 0 109559372 108976733 189295 -480967 0 0 0 108685061 108603684 194919 7236652 7058522 0 0 108976733 1.00000 false false REALTY INVESTMENTS 4880556 F ALTERNATIVE INVESTMENTS 42313380 F 47193936 0 ALUMNI ASSOCIATION 1227161 1227161 6966815 8148464 -1181649 -4384126 58567 -4325559 -5507208 2641256 -4384126 58567 -4325559 6966815 6966815 8148464 8148464 8148464 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 To provide scholarships to the students of Rowan University and gifts to Rowan University in meeting its educational mission. Schedule D, Part XI, Line 8 Fundraising expense in revenue $33,431. Schedule D, Part XII, Line 2D Fundraising expense in revenue $33,431. Golf Tournament 54752 34770 19982 11050 8779 12298 MLK Breakfast 49781 38796 10985 200 26240 0 104533 73566 30967 11250 8779 38538 58567 -27600 true Rowan University 201 Mullica Hill Road Glassboro NJ 08081 222764819 115 6673253 Program Services 1 Student Scholarships 277 1227417 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 The foundation maintains transfer records for all gifts raised for the University, monitors the expenditures of those funds, and provides stewardship reports to donors regarding usage of the funds. The Foundation also provides scholarships to students matriculating at Rowan University; therefore, all funds granted are used to defray the cost of tuition and no further monitoring of the grants is required. false false false false false false false false false Dr Ali Houshmand 0 344493 0 0 0 0 0 11280 0 0 0 355773 0 0 X 2 492309 Median value 0 false false true Sale of Donated Securities by Third Party Schedule M, Line 32a Rowan University Foundation uses an unrelated third party to sell donated publicly traded securities. Delegation of Authority Form 990, Part VI The Board delegates its authority to the investment committee to make decisions regarding Foundation investments. Form 990 Review Process Form 990, Part VI, Line 11b The Rowan University Accounting Services Office (Accounting Services) acts as the liaison in the preparation of the tax returns. Accounting Services provides all the financial information to the paid tax preparer based on the entities audited financial statements as well as the records of Rowan University's Accounting System for each of these entities. Accounting Services contacts each entities' officers and staff to obtain answers to the non-financial questions and provides this information to the paid tax preparer. Draft documents are reviewed by Accounting Services and the entities' offices or staff if needed. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c The Board is asked annually to review and sign the conflict of interest policy. All documents are then reviewed by the executive director to ensure there are no conflicts and/or address any issues. How Documents are Made Available to the Public Form 990, Part VI, Line 19 All required organizational documents including articles of incorporation, by-laws, and other policies are available to the public upon request. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dr. Ali Houshmand TITLE:Director HOURS:45 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Ronald J. Tallarida TITLE:Executive Director HOURS:1 Rowan University 201 Mullica Hill Road Glassboro NJ 08028 222764819 University NJ 115 N/A false Rowan University Alumni Assoication 201 Mullica Hill Road Glassboro NJ 08028 237132916 Support NJ 501(c)(3) Rowan Univ false false true false false false false false false false false true false true false false false false false