2013-02-14T17:38:14-06:00 2012-06-30 KPMG LLP 755 MAIN STREET HARTFORD CT 06103 990 2011-07-01 141503972 UNIVERSITY AT ALBANY FOUNDATION UNIV 5184375090 1400 WASHINGTON AVENUE ROOM/SUITE UAB226 ALBANY NY 12222 FARDIN SANAI 5184375090 2013-02-12 true KOENRAAD VREDEVELD 8605223200 2013-02-14 2011 2016-03-07 17:11:31Z FARDIN SANAI EXECUTIVE DIRECTOR 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 19077235 false X WWW.ALBANY.EDU/UAFOUNDATION X 1967 NY THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. X 36 32 156 851 -3399 4998070 6054140 361509 451418 1076632 434080 -1053921 34251 5382290 6973889 591359 888890 0 992638 1094679 0 478258 2943524 5841427 4527521 7824996 854769 -851107 108800134 54225671 11922934 2397500 96877200 51828171 X THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. false true 6676328 888890 451418 HIGHER EDUCATION PROGRAM - ADMINISTER FUNDS FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE UNIVERSITY AT ALBANY, SUNY, ITS STUDENTS, FACULTY, STAFF AND ALUMNI. SCHOLARSHIP SUPPORT WAS PROVIDED TO OVER 775 STUDENTS. 6676328 true true false false false false false true false true true true false false true false false true false false true false false false true false false true true true false false false false false false false true true true false true false true true true true false true X 178 0 true 156 true false false false false false true true false false false false false false X 36 32 true false false false true true false true true false false true true true true true true true true false NY X X JEFFREY JONES 5184375090 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 X FARDIN SANAI 5.00 X X 10477 0 0 GEORGE PHILIP 1.00 X 3764 0 0 GEORGE HEARST III 1.00 X X 0 0 0 MORRIS MASSRY 1.00 X X 0 0 0 DANIEL HOGARTY JR 1.00 X X 0 0 0 MEG PICOTTE MACCLARENCE 1.00 X X 0 0 0 NOLAN ALTMAN 1.00 X 0 0 0 NICHOLAS ANACREONTE 1.00 X 0 0 0 THEODORE ANDERSON III 1.00 X 0 0 0 JEFFREY BLACK 1.00 X 0 0 0 PETER BULGER 1.00 X 0 0 0 MICHAEL CASTELLANA 1.00 X 0 0 0 LOUIS DESORBO 1.00 X 0 0 0 KIMBERLY SANGER JONES 1.00 X 0 0 0 ELDA DI RE 1.00 X 0 0 0 CARL FLORIO 1.00 X 0 0 0 RICHARD GREEN 1.00 X 0 0 0 GARY JACOBSON 1.00 X 0 0 0 ALAIN KALOYEROS 1.00 X 0 0 0 SHARON KANTOR 1.00 X 0 0 0 JEFFREY MISHKIN 1.00 X 0 0 0 JOHN NAUMANN 1.00 X 0 0 0 JOAN ROSENTHAL 1.00 X 0 0 0 ROBERT SCHWARTZ 1.00 X 0 0 0 THOMAS SELFRIDGE 1.00 X 0 0 0 SUSAN SHIPHERD 1.00 X 0 0 0 BRIAN STRAUGHTER 1.00 X 0 0 0 EDWARD SWYER 1.00 X 0 0 0 VIJAY VAIDYANATHAN 1.00 X 0 0 0 LEWIS WIENER 1.00 X 0 0 0 EVAN ZAHN 1.00 X 0 0 0 EMAD ZIKRY 1.00 X 0 0 0 STEPHEN BEDITZ 1.00 X 0 0 0 CANON KAY HOTALING 1.00 X 0 0 0 DONALD PUTTERMAN 1.00 X 0 0 0 WILLIAM LANFORD 1.00 X 0 0 0 JEFFREY JONES 37.50 X 145006 0 16199 159247 16199 1 false true false ARAMARK FACILITY SERVICES CORP 24818 NETWORK PLACE CHICAGO IL 60673 FACILITY MGMT 2701071 PICOTTE MANAGEMENT CO 20 CORPORATE BLVD SUITE 600 ALBANY NY 12211 FACILITY MGMT 206289 2 133200 79141 5841799 278968 6054140 PROGRAM ACTIVITIES 451418 451418 451418 832137 851 831286 28485 28485 6654651 6648969 5682 5682 5682 4965073 5363130 -398057 -398057 -398057 91331 133200 91247 84 84 6973889 451418 851 467480 88064 88064 800826 800826 175051 3706 160510 10835 742862 350572 211002 181288 42697 13232 21100 8365 57369 8041 34245 15083 76700 27827 29006 19867 8544 8544 129902 129902 437022 383814 47000 6208 13103 13103 192768 189243 1148 2377 23241 20115 2881 245 370 370 26864 26864 MULTI-PURPOSE STADIUM 3500000 3500000 AWARDS 306910 306910 MEALS AND ENTERTAINMENT 296751 296751 SUPPLIES AND SERVICES 271208 219425 6136 45647 634744 446155 246 188343 7824996 6676328 670410 478258 919469 8082238 5281461 3688558 4131462 122198 235406 345285 423097 6228568 2550374 56959797 3678194 28552687 27814274 8904071 9540008 2145300 2202300 108800134 54225671 1013736 883536 7922230 1132936 798019 783312 653026 1070720 62919 11922934 2397500 X 55234462 9214753 10864446 10248484 30778292 32364934 96877200 51828171 108800134 54225671 X -851107 -44197922 X false true true X false X 6318395 4529068 6350581 4998070 6054140 28250254 6318395 4529068 6350581 4998070 6054140 28250254 28250254 7827316 9028250 8255530 9065115 7514422 41690633 14363 14363 112619 91331 203950 70159200 1894367 0.40270 0.43130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false 57000 2202300 X X X false false false 35453559 1913369 -1437381 352781 386388 35190378 29523196 1793821 4990344 395965 457837 35453559 24764327 2679372 2781043 344597 356949 29523196 26781516 3838833 -5259539 361786 234697 24764327 0.08030 0.91970 false false false 459864 459864 5666359 2452143 3214216 102345 98231 4114 3678194 LIMITED PARTNERSHIPS 9313468 F BENEFICIAL INTEREST TRUSTS 226540 F 9540008 DISCOUNT FOR FUTURE INTEREST 62919 ASSET RETIREMENT OBLIGATION CONSTRUCTION COSTS PAYABLE 62919 6973889 7824996 -851107 -1291609 -174484 -1466093 -2317200 13903271 -1291609 1723873 432264 13471007 129902 -6627020 -6497118 6973889 16220471 8525377 8525377 7695094 129902 129902 7824996 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 THE FOUNDATION'S ART AND HISTORICAL COLLECTION CONSISTS OF PAINTINGS, PHOTOGRAPHS, BOOKS, HISTORICAL PAPERS AND MEDIA. THE COLLECTION ADDS TO THE SCHOLARLY RESOURCES AND EXHIBITS AVAILABLE AT THE UNIVERSITY AT ALBANY'S ART MUSEUM AND LIBRARIES FOR THE BENEFIT OF ITS STUDENTS AND FACULTY. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 CONSOLIDATED ENTITY ACTIVITY - UABDC 1,723,873 RENTAL REAL ESTATE EXPENSES 6,648,969 DIRECT EXPENSES FOR FUNDRAISING EVENTS 91,247 REV ON RETURN ELIMINATED IN CONSOLIDATION ON FINANCIALS -113,196 RENTAL REAL ESTATE EXPENSES -6,648,969 DIRECT EXPENSES FOR FUNDRAISING EVENTS -91,247 PROVISION FOR UNCOLLECTIBLE PLEDGES -11,879 CONSOLIDATED ENTITY ACTIVITY - UABDC -1,773,282 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D CONSOLIDATED ENTITY ACTIVITY - UABDC 1,723,873 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL REAL ESTATE EXPENSES -6,648,969 DIRECT EXPENSES FOR FUNDRAISING EVENTS -91,247 REV ON RETURN ELIMINATED IN CONSOLIDATION ON FINANCIALS 113,196 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D RENTAL REAL ESTATE EXPENSES 6,648,969 DIRECT EXPENSES FOR FUNDRAISING EVENTS 91,247 PROVISION FOR UNCOLLECTIBLE PLEDGES 11,879 CONSOLIDATED ENTITY ACTIVITY - UABDC 1,773,282 false CARIBBEAN INVESTMENTS 3449000 3449000 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PAGE 1, PART I, LINE 2 THE UNIVERSITY AT ALBANY FOUNDATION DOES NOT ISSUE GRANTS OR ASSISTANCE OUTSIDE THE UNITED STATES. SCHEDULE F IS FILED SOLELY TO DISCLOSE THE FOUNDATION'S FOREIGN INVESTMENTS AND ANSWERS TO PART IV. CARIBBEAN 0 3,449,000 ATHLETICS GOLF 123856 57485 66371 56904 607 1977 CITIZEN LAUREAT 100675 75715 24960 1160 28099 2500 224531 133200 91331 1160 85003 607 4477 91247 84 true ALBANY COLLEGE INTERFAITH CENTER UNIVERSITY AT ALBANY CHAPEL HOUSE ALBANY NY 12222 141710033 3 12500 GENERAL SUPPORT STATE UNIV OF NEW YORK AT ALBANY 1400 WASHINGTON AVE ALBANY NY 12222 147400260 GOV 45414 FMV EQUIPMENT EQUIP CONTRIBUTION P2 COLLABORATIVE OF WNY INC 6225 SHERIDAN DR SUITE 206 WILLIAMSVILLE NY 14221 421604185 3 5150 PROGRAM PROVIDER STRONG ARM TECHNOLOGIES 125 TECH PARK DR ROCHESTER NY 14623 455031854 25000 PRIZE 3 1 SCHOLARSHIPS 775 785826 HOUSING 3 15000 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION'S PURPOSE IS TO SUPPORT THE STATE UNIVERSITY OF NEW YORK AT ALBANY (UNIVERSITY), ITS STUDENTS, FACULTY, AND OTHER ORGANIZATIONS WHO PROVIDE ASSISTANCE TO THE UNIVERSITY. NO SUPPORT IS GIVEN BY THE FOUNDATION TO ANY INDIVIDUAL OR ORGANIZATION WHO IS NOT THE UNIVERSITY, A STUDENT OR FACULTY OF THE UNIVERSITY, OR AN ORGANIZATION WHO DOES NOT PROVIDE ASSISTANCE TO THE UNIVERSITY. SCHOLARSHIP RECIPIENTS ARE MONITORED EACH SEMESTER BY THE UNIVERSITY'S FINANCIAL AID OFFICE FOR COMPLIANCE WITH FOUNDATION, STATE AND FEDERAL REQUIREMENTS. ALL GRANT FUNDS ARE USED IN THE UNITED STATES. X true true X false false false false false false false false false JEFFREY JONES 145006 15040 1159 161205 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A THE FOUNDATION PAID SOCIAL CLUB DUES FOR FARDIN SANAI (EXECUTIVE DIRECTOR) AND GEORGE PHILIP (DIRECTOR). THE DUES HAVE BEEN REPORTED AS TAXABLE COMPENSATION. MEG PICOTTE MACCLARENCE DIRECTOR 274270 FACILITY MANAGEMENT false CARL FLORIO DIRECTOR 8505220 BANK LOAN PAYMENTS false GEORGE PHILIP DIRECTOR 8505220 BANK LOAN PAYMENTS false CARL FLORIO DIRECTOR 34336 BANK INTEREST false GEORGE PHILIP DIRECTOR 34336 BANK INTEREST false X 1 57000 INDEPENDENT APPRAISAL X 15 221968 FAIR VALUE 1 false true false LAND, BUILDINGS, EQUIP 2012-04-01 50579365 BOOK VALUE 364619281 UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION 1400 WASHINGTON AVE UAB 226 ALBANY NY 12222 501(C)(25) true false false false DETAIL SCHEDULE N PART II PAGE 2 LINE 2E THE UNIVERSITY AT ALBANY FOUNDATION UAF ASSETS WERE TRANSFERRED TO THE UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION UABDC JEFFREY JONES IS THE CFOASSOCIATE EXECUTIVE DIRECTOR OF UAF AND THE EXECUTIVE DIRECTOR OF UABDC FARDIN SANAI IS THE EXECUTIVE DIRECTOR OF UAF AND A DIRECTOR OF UABDC GEORGE HEARST III IS THE PRESIDENT OF UAF AND THE VICE PRESIDENT OF UABDC MORRIS MASSRY IS THE VICE PRESIDENT OF UAF AND THE PRESIDENT OF UABDC DANIEL HOGARTY JR IS THE TREASURER OF UAF AND THE TREASURER OF UABDC EDWARD SWYER IS A DIRECTOR OF UAF AND THE SECRETARY OF UABDC GEORGE PHILIP IS A DIRECTOR OF UAF AND UABDC STEVEN BEDITZ IS A DIRECTOR OF UAF AND UABDC ADDITIONAL INFORMATION SCHEDULE N UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION UABDC WAS INCORPORATED IN MARCH 2007 THE FOUNDATION IS THE SOLE MEMBER OF UABDC AND FOR FINANCIAL REPORTING PURPOSES UABDC IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE FOUNDATION THE FOUNDATION IS A NOTFORPROFIT CORPORATION UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE WHILE UABDC FALLS UNDER SECTION 501C25 UABDC WAS INCORPORATED FOR THE SOLE PURPOSE OF ACQUIRING HOLDING AND DEVELOPING PROPERTY AND FOR MANAGING THE FACILITIES AND REAL ESTATE OF THE UNIVERSITY AT ALBANY EAST CAMPUS AT MARCH 31 2012 THE FOUNDATION OFFICIALLY TRANSFERRED THE EAST CAMPUS ASSETS TO UABDC ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. ANY SIGNIFICANT CHANGES IN CONDUCT FOR PROGRAM SERVICES FORM 990, PAGE 2, PART III, LINE 3 UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION (UABDC) WAS INCORPORATED IN MARCH 2007. THE FOUNDATION IS THE SOLE MEMBER OF UABDC AND FOR FINANCIAL REPORTING PURPOSES UABDC IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE FOUNDATION. THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE WHILE UABDC FALLS UNDER SECTION 501(C)(25). UABDC WAS INCORPORATED FOR THE SOLE PURPOSE OF ACQUIRING, HOLDING AND DEVELOPING PROPERTY AND FOR MANAGING THE FACILITIES AND REAL ESTATE OF THE UNIVERSITY AT ALBANY EAST CAMPUS. AT MARCH 31, 2012 THE FOUNDATION OFFICIALLY TRANSFERRED THE EAST CAMPUS ASSETS TO UABDC. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 CARL FLORIO GEORGE PHILIP DIRECTOR DIRECTOR BUSINESS RELATIONSHIP CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE DIRECTORS OF THE CORPORATION. THE MEMBERS SHALL HAVE ALL RIGHTS OF MEMBERS AS SPECIFIED IN THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW. THE DIRECTORS OF THE BOARD SHALL CONSIST OF ELECTED AND EX OFFICIO DIRECTORS. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED AS FOLLOWS: 5 MEMBERS FROM PERSONS NOMINATED BY THE ALUMNI ASSOCIATION BOARD; 1 MEMBER FROM PERSONS NOMINATED BY THE BENEVOLENT ASSOCIATION BOARD; 10 MEMBERS FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 3 MEMBERS, WHO ARE MEMBERS OF THE UNIVERSITY'S FACULTY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 1 MEMBER WHO IS A MEMBER OF THE UNIVERSITY'S STUDENT BODY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 30 AT-LARGE MEMBERS FROM PERSONS NOMINATED BY THE BOARD. EACH DIRECTOR, INCLUDING THE EX OFFICIO DIRECTORS, SHALL HAVE THE SAME POWERS AND ONE VOTE ON ANY MATTERS BEFORE THE BOARD, EXCEPT THE EXECUTIVE DIRECTOR OF THE CORPORATION, WHO SHALL HAVE NO VOTE. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES A DRAFT OF FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING. THE AUDIT COMMITTEE MEETS TO COMMENT ON FORM 990 AND ANY REVISIONS WILL BE DISCUSSED AT THAT TIME. A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES, AS ULTIMATELY FILED WITH THE IRS) WAS PROVIDED TO EACH VOTING MEMBER OF THE BOARD BEFORE ITS FILING WITH THE IRS. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C ANY NEW DIRECTOR, OFFICER OR EMPLOYEE OF THE FOUNDATION IS ADVISED OF THE CONFLICTS OF INTEREST POLICY UPON ENTERING THE DUTIES OF OFFICE OR EMPLOYMENT. ANY DUALITY OF INTEREST ON THE PART OF ANY DIRECTOR OR OFFICER SHALL BE DISCLOSED TO THE BOARD OF DIRECTORS, AND MADE A MATTER OF RECORD THROUGH AN ANNUAL PROCEDURE AND ALSO WHEN THE INTEREST BECOMES A MATTER OF DIRECTOR OR OFFICER ACTION. IN GENERAL, A DIRECTOR'S OR OFFICER'S CONFLICT WILL BE CLEARED OF ANY CONSEQUENCE BY, FIRST, FULL DISCLOSURE AND, SECOND, APPROVAL OR RATIFICATION OF THE SUBJECT ACTION BY A DISINTERESTED MAJORITY OF DIRECTORS. ANY DIRECTOR HAVING A DUALITY OF INTEREST SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE, THE ABSTENTION FROM VOTING AND THE QUORUM SITUATION. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION AT THE TIME OF HIRING IS BASED ON DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS THROUGH THE BUDGET PROCESS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION AT THE TIME OF HIRING IS BASED ON DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS THROUGH THE BUDGET PROCESS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION MAKES ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS OWN WEBSITE AND UPON REQUEST. RELATED ORGANIZATIONS FORM 990, PAGE 7, PART VII AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATION: JEFFREY JONES 7.5 HOURS FARDIN SANAI 1.0 HOURS GEORGE HEARST III 1.0 HOURS MORRIS MASSRY 1.0 HOURS DANIEL HOGARTY, JR 1.0 HOURS EDWARD SWYER 1.0 HOURS GEORGE PHILIP 1.0 HOURS STEVEN BEDITZ 1.0 HOURS OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS INCLUDE THE FOLLOWING: NET UNREALIZED LOSSES ON INVESTMENTS - (1,291,609) PROPERTY TRANSFER TO RELATED ENTITY - UABDC - (42,894,434) PROVISION FOR UNCOLLECTIBLE PLEDGES - (11,879) UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION 1400 WASHINGTON AVE UAB 226 ALBANY NY 12222 364619281 REAL ESTAT NY 501C25 UNIVERSITY AT ALBANY FOUNDATION true false false false false false false false false false false false false false true false true true true UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION N 79289 ALLOCATION HOURS WORKED UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION P 307265 ACTUAL CASH OUTLAY UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION Q 50579365 BOOK VALUE UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION R 7684932 ACTUAL CASH OUTLAY