2013-11-11T09:22:16-06:00 2013-06-30 540565834 MITCHELL WIGGINS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VI 23226 990 2012-07-01 541808901 VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF ENGINEERING FOUNDATION VIRG 8048281475 601 WEST MAIN STREET ROOM 308 RICHMOND VA 232843068 R SCOTT RASH 8048281475 2013-11-05 1 M JAMES HARTSON JR CPA P00590214 8042826000 2012 2016-02-24 21:20:13Z R SCOTT RASH 601 WEST MAIN STREET RICHMOND VA 232843068 25386749 0 X WWW.VCUREALESTATE.ORG X 1995 VA TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VCU. 37 37 0 0 0 -370 3962015 1619185 0 3156395 2864468 13347760 1342913 357916 8169396 18481256 3048464 2507581 0 0 0 0 0 0 0 2729992 5326970 5778456 7834551 2390940 10646705 137648932 133323735 103595756 96223783 34053176 37099952 TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. 0 0 7834551 2507581 3459616 SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF THE SCHOOL OF ENGINEERING PROPERTY AND FUNDS. 7834551 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 1 1 0 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X ORGANIZATION 8048281475 601 WEST MAIN STREET ROOM 308 RICHMOND VA 232843068 X JOHN SHERMAN JR 1.00 X 0 0 0 WILLIAM H GOODWIN JR 1.00 X X 0 0 0 PAUL F ROCHELEAU 1.00 X 0 0 0 WAYNE L HUNTER 1.00 X 0 0 0 HONORABLE GEORGE ALLEN 1.00 X 0 0 0 BRADFORD A CROSBY 1.00 X 0 0 0 MARQUERITE DAVIS 1.00 X 0 0 0 CLIFFORD A CUTCHINS IV 1.00 X X 0 0 0 JOSEPH C FARRELL 1.00 X 0 0 0 ARTHUR D HURTADO 1.00 X 0 0 0 JOHN A LUKE JR 1.00 X 0 0 0 RICHARD E POSEY 1.00 X 0 0 0 E BRYSON POWELL 1.00 X 0 0 0 HONORABLE ANNE G RHODES 1.00 X 0 0 0 HUGH A JOYCE 1.00 X 0 0 0 KIRK E SPITZER 1.00 X 0 0 0 MARK A STERNHEIMER SR 1.00 X 0 0 0 CHARLES A WILLIAMSON 1.00 X 0 0 0 ROBERT W WOLTZ JR 1.00 X 0 0 0 C KENNETH WRIGHT 1.00 X 0 0 0 MARY DOSWELL 1.00 X 0 0 0 BILL LAMP 1.00 X 0 0 0 GREG SITKIEWICZ 1.00 X 0 0 0 MICHAEL RAO 1.00 X 0 0 0 BARBARA D BOYAN 1.00 X 0 0 0 R SCOTT RASH 1.00 X 0 0 0 MARK CRUISE 1.00 X 0 0 0 LARRY CUMMINGS 1.00 X 0 0 0 MASON DIRICKSON 1.00 X 0 0 0 HANS DE KONING 1.00 X 0 0 0 THOMAS E GOTTWALD 1.00 X 0 0 0 LEWIS EDWIN HARVIE 1.00 X 0 0 0 OSCAR MARTIN 1.00 X 0 0 0 MARTIN PRAKKEN 1.00 X 0 0 0 MANFRED PSIORZ 1.00 X 0 0 0 BRIAN RIOPELLE 1.00 X 0 0 0 JEFFREY T STANFIELD 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1619185 18794 1619185 RENT FROM V.C.U. 531120 3156395 3156395 3156395 9635 9635 54695 0 54695 54695 54695 20243618 6905493 13338125 13338125 13338125 RECOVERY OF BAD DEBT EXPENSE 900099 288143 288143 MISCELLANEOUS 900099 15078 15078 303221 18481256 3459616 0 13402455 2507581 2507581 921 921 17500 17500 18500 18500 4631 4631 14362 14362 9496 9496 2372062 2372062 2354808 2354808 OTHER EXPENSES 331107 331107 LIFE INSURANCE EXPENSE 192391 192391 BAD DEBTS 11192 11192 7834551 7834551 0 0 1056074 1186895 8136279 9062948 483423 1226989 72110341 20841233 53565698 51269108 70896525 67044000 3510933 3533795 137648932 133323735 72027900 66311817 31567856 29911966 103595756 96223783 X 17870758 21083196 3910882 3722392 12271536 12294364 34053176 37099952 137648932 133323735 X 10646705 -10550466 2950537 X X 0 1 X 1 0 X 4731909 3086912 1834250 3962015 1619185 15234271 4731909 3086912 1834250 3962015 1619185 15234271 7212936 8021335 19831 27289 31808 64330 143258 15377529 0.52160 0.42000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15907399 22828 597619 590903 15936943 14984741 146129 1553401 776872 15907399 12208956 610895 2488117 323227 14984741 11179247 1278931 163437 412659 12208956 12596571 762703 -2124152 54675 1200 11179247 0.77140 0.22860 0 0 3112659 3112659 68997682 20841233 48156449 51269108 BLOOM TREE FUND LP 5034482 F PRIVATE ADVISORS SMALL COMPANY FUND 607630 F BLUERIDGE OFFSHORE LP FUND 19575992 F TIGER GLOBAL LTD FUND 12672688 F VALIANT CAPITAL PARTNERS FUND 15585480 F LONG OAR GLOBAL OFFSHORE FUND 508194 F EWF PARTNERS II LLC FUND 11656645 F CASH SURRENDER VALUE OF INVESTMENTS 1402889 F 67044000 X 10881327 -10550466 2950537 -7599929 18481256 0 18481256 7834551 0 7834551 0 7834551 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE VARIOUS ENDOWMENTS WERE ESTABLISHED TO SUPPORT THE FOUNDATION AND ITS MISSION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REGARDING "ACCOUNTING FOR UNCERTAIN TAX POSITIONS" THAT PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE ADOPTION OF THIS STANDARD HAD NO MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL POSITION, RESULTS OF OPERATIONS, OR CASH FLOW. THE TAX YEARS OF 2010 TO 2012 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN OPERATING EXPENSES. THE ORGANIZATION DID NOT HAVE PENALTIES AND INTEREST EXPENSES FOR THE YEAR ENDED JUNE 30, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 2,950,537. 0 VIRGINIA COMMONWEALTH UNIVERSITY 912 W FRANKLIN STREET POST OFFICE BOX 843035 RICHMOND VA 232843035 546001758 115 1004076 1503505 PRESENT VALUE ADJUSTMENT FOR ACCRUED CONTRIBUTION TO VCU FOR FUTURE RENT ASSISTANCE IS PROVIDED IN ORDER TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11 NONE. FORM 990, PART VI, SECTION B, LINE 12 ALL BOARD MEMBERS ARE REQUIRED ON AN ANNUAL BASIS TO READ THE POLICY AND TO SIGN A STATEMENT OF UNDERSTANDING OF THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION POSTS ITS CURRENT AUDITED FINANCIAL STATEMENT AND FORM 990 ON ITS WEB SITE, EACH YEAR. IT IS THE POLICY OF THE ORGANIZATION TO MAKE AVAILABLE COPIES OF FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFICT OF INTEREST INFORMATION AND OTHER DOCUMENTS TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 2,950,537. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.