2013-02-05T12:31:32-06:00 2012-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2011-07-01 237104179 THE GENESEO FOUNDATION INC GENE 5852455518 1 COLLEGE CIRCLE ERWIN HALL RM NO 202 GENESEO NY 144541485 KEVIN GAVAGAN 5852490778 2013-01-25 1 MICHELLE CAIN P00150750 5854231860 2011 2016-02-25 16:41:14Z KEVIN GAVAGAN 1 COLLEGE CIRCLE ERWIN HALL RM NO 202 GENESEO NY 144541485 6692427 0 X FOUNDATION.GENESEO.EDU X 1971 NY THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 30 30 9 150 0 0 2954870 5492513 323958 315505 351821 377439 17827 17952 3648476 6203409 840850 822939 0 0 154202 136124 0 0 379063 651918 1682651 1646970 2641714 2001506 3561695 20131318 23500134 407842 420251 19723476 23079883 X THE GENESEO FOUNDATION IS A PRIVATE, NON-PROFIT AND TAX-EXEMPT ORGANIZATION ESTABLISHED IN 1971 TO ACCEPT AND ADMINISTER PRIVATE GIFTS TO BENEFIT SUNY GENESEO. THE MISSION OF THE FOUNDATION IS TO HELP PRESERVE AND ENHANCE EXCELLENCE AT SUNY GENESEO BY PROVIDING PRIVATE SUPPORT FOR PROGRAMS, WHICH STRENGTHEN THE COLLEGE. THE BOARD OF DIRECTORS OF THE GENESEO FOUNDATION IS COMPRISED OF PROFESSIONAL, BUSINESS, AND COMMUNITY LEADERS WHO VOLUNTEER THEIR TIME, TALENT, AND SUPPORT TO ASSIST THE COLLEGE. 0 0 491846 THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $491,846. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 300424 300424 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $300,424. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 964321 315505 COLLEGE ACTIVITIES WERE SUPPORTED BY THE GENESEO FOUNDATION TO ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. EXAMPLES INCLUDE PROFESSIONAL CONFERENCES/CONVENTIONS/MEETINGS, PURCHASES OF EQUIPMENT FOR CAMPUS IMPROVEMENT PROJECTS, SUPPORT FOR SPEAKERS AND GUEST LECTURERS, MEMBERSHIP FEES, PURCHASES OF PROFESSIONAL PUBLICATIONS AND PRINTING OF CAMPUS PUBLICATIONS, NEWSLETTERS AND BROCHURES, RECEPTIONS FOR LECTURERS,INTERNSHIP PRESENTATIONS, FACULTY/STUDENT AWARD PROGRAMS, AND MINORITY STUDENT PROGRAMS. 1756591 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 20 0 9 1 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X THE GENESEO FOUNDATION INC 5852455518 SUNY GENESEO-ERWIN 202 GENESEO NY 144541485 X ROBERT J AVALLONE 1.00 X 0 0 0 JOHN T CAMIOLO 1.00 X 0 0 0 JOSEPH L CARR 1.00 X 0 0 0 CHARLES KLEMAN 1.00 X 0 0 0 JAMES F CARRIERO 1.00 X 0 0 0 JAMES N LEARY 1.00 X X 0 0 0 DANIEL G LOUGHRAN 1.00 X 0 0 0 GREGORY O'CONNELL 1.00 X 0 0 0 MYRTLE A MERRITT EMERITA 1.00 X 0 0 0 SUSAN D PERVI 1.00 X X 0 0 0 JANE RYAN 1.00 X 0 0 0 ERIC RORAPAUGH 1.00 X 0 0 0 BRIAN J SALUZZO 1.00 X 0 0 0 JACK KRAMER 2.00 X X 0 0 0 KEVIN GAVAGAN 2.00 X X 0 0 0 JEFFREY J CLARKE 1.00 X 0 0 0 JENNIFER DUNLAP 1.00 X 0 0 0 JAMES S HOUSTON 1.00 X 0 0 0 RAYMOND L KOTCHER 1.00 X 0 0 0 FRANK L VAFIER 1.00 X 0 0 0 DANIEL B WARD 1.00 X 0 0 0 EDWARD PETTINELLA 1.00 X 0 0 0 DAVID C TURNER 1.00 X 0 0 0 GEORGE W SPEEDY 1.00 X 0 0 0 CHRISTOPHER C DAHL 1.00 X 0 0 0 MICHAEL J EBLE 1.00 X 0 0 0 JOHN A GLEASON 1.00 X 0 0 0 DIANE M WILKENS 1.00 X 0 0 0 DEBRA G HILL 1.00 X 0 0 0 KEVIN M CANTY 1.00 X 0 0 0 0 0 0 0 0 0 0 0 669017 50903 4772593 5492513 COLLEGE SERVICE ACTIVI 611710 315505 315505 315505 370179 370179 496278 489018 7260 7260 7260 DELEHANTY TRUST DISTRI 711110 17952 17952 17952 6203409 340717 0 370179 30669 30669 792270 792270 108669 33481 75188 18708 262 18446 8747 2699 6048 55314 55314 19246 19246 335883 87282 55260 193341 1936 1935 1 280729 313589 4265 -37125 22469 22469 COLLEGE ACTIVITIES 369498 204740 36613 128145 STEWARDSHIP & COLLEGE R 303128 114836 188292 SUPPLIES 114515 109792 1670 3053 DEVELOPMENT ASSISTANTS 91135 9114 82021 88798 42567 36604 9627 2641714 1756591 506060 379063 456924 277251 131582 290495 2511296 3230496 24825 51376 125083 182116 38813 3460 1069334 335177 756626 734157 15220907 17840429 865262 890354 20131318 23500134 56974 83660 350868 336591 407842 420251 X 3146085 3491369 5578345 5694081 10999046 13894433 19723476 23079883 20131318 23500134 X 3561695 -205288 X X 0 1 1 X 0 X 2902246 2326882 2919967 2954870 5492513 16596478 795550 1338635 2151862 2943631 2190231 9419909 3697796 3665517 5071829 5898501 7682744 26016387 1947940 24068447 235281 245557 268335 326268 370179 1445620 9376 38403 17131 17827 17952 100689 27562696 1410336 0.87320 0.90290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 807955 X X 0 14243746 2480000 168181 50130 16841797 11329022 634000 2325120 44396 14243746 7943700 2244292 1175526 34496 11329022 9131682 565625 -1483074 238403 32130 7943700 0.30720 0.69280 1 0 146913 146913 852022 265317 586705 70399 69860 539 734157 REAL ESTATE & RELATED PROPERTY 114000 C COMMONFUND EQUITY FUND 16841797 F CASH EQUIVALENTS & SHORT TERM INVESTMENTS 5997 F STATE ST/CLOVER BOND FUNDS 471370 F STATE ST/CLOVER EQUITIES 218519 F SCOTTRADE EQUITIES 188746 F 17840429 ANNUITY & LIFE INCOME OBLIGATION 295904 CUSTODIAL FUNDS 40241 DUE TO AFFILIATE 446 336591 6203409 2641714 3561695 -178740 -26548 -205288 3356407 7973486 -178740 2006434 21399 1849093 6124393 61064 17952 79016 6203409 4592833 2006434 2006434 2586399 55314 55314 2641713 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENT -39,467. LIFE INCOME OBLIGATION ADJUSTMENTS 15,222. UNREALIZED GAINS ENDOWMENT FUNDS-DELEHANTY -2,303. TOTAL TO SCHEDULE D, PART XI, LINE 8: -26,548. PART XII, LINE 2D - OTHER ADJUSTMENTS: REALIZED GAIN/(LOSS) - DELEHANTY TRUST 10,819. INTEREST AND DIVIDEND INCOME FROM DELEHANTY TRUST 10,580. PART XII, LINE 4B - OTHER ADJUSTMENTS: DELEHANTY TRUST DISTRIBUTIONS 17,952. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NET OF DELEHANTY TRUST FEES 55,314. 1 SUNY GENESEO ONE COLLEGE CIRCLE GENESEO NY 14454 146013200 501(C)(3) 30669 TO ASSIST THE COLLEGE IN PROVIDING ACTIVITIES THAT WILL ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $491,846. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS. 373 491846 THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $300,424. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS. 359 300424 X 1 1168 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE BOARD,REVIEWED FOR ACCURACY AND FILED UPON APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED TO COMPLETE A STATEMENT AT THE FIRST MEETING OF THE YEAR STATING WHAT, IF ANY CONFLICTS OF INTEREST HAVE ARISEN. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -178,740. CHANGE IN SPLIT-INTEREST AGREEMENT -39,467. LIFE INCOME OBLIGATION ADJUSTMENTS 15,222. UNREALIZED GAINS ENDOWMENT FUNDS-DELEHANTY -2,303. TOTAL TO FORM 990, PART XI, LINE 5: -205,288. FORM 990, PART XI, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS. FORM 990, SCHEDULE R, PART V, LINES 1M & 1N SUNY GENESEO CONTRIBUTES PERSONNEL, OFFICE SPACE, EQUIPMENT, AND OTHER SUPPORT TO THE FOUNDATION AS REQUIRED IN PURSUIT OF ITS AFFAIRS. THE COLLEGE PAYS COMPENSATION AND RELATED BENEFITS OF EMPLOYEES WHO DEVOTE THEIR EFFORTS TO THE ACTIVITIES OF THE FOUNDATION. THE VALUE OF THE PERSONNEL TIME, FACILITIES, EQUIPMENT AND OTHER SUPPORT CONTRIBUTED BY THE COLLEGE HAS BEEN ESTIMATED BY FOUNDATION MANAGEMENT AT $2,190,231 FOR THE YEAR ENDED JUNE 30, 2012. THE ALUMNI ASSOCIATION OF THE STATE OF UNIVERSITY COLLEGE AT GENESEO INC MCCLELLAN HOUSE ONE COLLEGE CIRCLE GENESEO NY 144541484 166039954 THE ASSOCIATION INVESTS SOME ASSETS UNDER THE FOUNDATION'S ACCOUNT. NY 501(C)(3) LINE 5 0 SUNY GENESEO ONE COLLEGE CIRCLE GENESEO NY 14454 146013200 THE COLLEGE CONTRIBUTES OFFICE SPACE, PERSONNEL AND EQUIPMENT TO THE FDN NY 501(C)(3) LINE 5 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SUNY GENESEO - SEE SCHEDULE O FOR EXPLANATION N 1868980 SUNY GENESEO - SEE SCHEDULE O FOR EXPLANATION AND AMOUNT M 137454