2013-11-13T08:52:45-06:00 2013-06-30 Deloitte Tax LLP 111 S Wacker Drive Chicago IL 60606 990 2012-07-01 376006007 University of Illinois Foundation UNIV 2173330810 1305 West Green Street Urbana IL 61801 Bradley K Hatfield 2173330810 2013-11-12 1 3124861000 2012 2016-02-24 21:20:13Z Thomas J Farrell 1305 West Green Street Urbana IL 61801 822164324 0 X www.uif.uillinois.edu X 1935 IL The University of Illinois Foundation is a nonprofit corporation organized and operated exclusively for the purpose of encouraging and administering gifts and making distributions of such funds to the University of Illinois (a state university). 26 26 110 970 0 374995 176776360 298073854 8466885 8101409 23767924 51457493 8397776 8836526 217408945 366469282 147224765 143208733 0 0 17489406 17519963 0 0 12562899 6341063 9741595 171055234 170470291 46353711 195998991 1482828126 1795901653 70195157 71892944 1412632969 1724008709 X The University of Illinois Foundation is a nonprofit corporation responsible for encouraging and administering private gifts made to further the University of Illinois's mission. Although the Foundation is a separate entity from the University of Illinois ("University"), the Foundation's sole reason for existence is to serve the University. 0 0 143208733 143208733 15452429 The University of Illinois Foundation makes distributions to the University of Illinois which uses these distributions in accordance with donor intent for many purposes, including student support, faculty support, and research. 143208733 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 426 0 1 110 1 1 1 1 SP IT FR UK SN BE GM AS HK JA FI DA NO SW CA SZ 0 0 0 1 1 0 0 0 0 X 26 26 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 AK CA DC HI IL KY ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI X X Walter K Knorr 2173330810 1305 West Green Street Urbana IL 61801 Jane Phillips Donaldson 2.00 X 0 0 0 Roger L Plummer 2.00 X 0 0 0 Richard S Hill 2.00 X 0 0 0 Sohaib Abbasi 2.00 X 0 0 0 Doris K Christopher 2.00 X 0 0 0 Anthony G DiTommaso 2.00 X 0 0 0 Alan D Feldman 2.00 X 0 0 0 W Robert Felker 2.00 X 0 0 0 Laura L Fraley 2.00 X 0 0 0 Juanita F Francis 2.00 X 0 0 0 Mary Kay Haben 2.00 X 0 0 0 Maisie L Heiken 2.00 X 0 0 0 G Stephen Irwin 2.00 X 0 0 0 Mannie L Jackson 2.00 X 0 0 0 Sheila C Johnson 2.00 X 0 0 0 Gail Veasman Kellogg 2.00 X 0 0 0 Shahid R Khan 2.00 X 0 0 0 Leon J Loichle 2.00 X 0 0 0 Gregory B Lykins 2.00 X 0 0 0 William C Merchantz 2.00 X 0 0 0 Steven L Miller 2.00 X 0 0 0 Mark A Pytosh 2.00 X 0 0 0 Jose L Santillan 2.00 X 0 0 0 Kay M Schwichtenberg 2.00 X 0 0 0 Michael T Tokarz 2.00 X 0 0 0 Carl L Vacketta 2.00 X 0 0 0 Walter K Knorr 2.00 X 0 0 0 Michael B Bass 2.00 X 0 0 0 Thomas R Bearrows 2.00 X 0 0 0 Sidney S Micek 40.00 X 468413 0 26656 Mary R Millage 40.00 X 121251 0 22679 Michelle S White 40.00 X 107019 0 21701 Bradley K Hatfield 40.00 X 218844 0 32827 Katherine A Calvert 40.00 X 75399 0 12554 Christine C Devocelle 40.00 X 125308 0 17774 Charles J Hahn 40.00 X 130184 0 24352 Jacqueline N Schweighart 40.00 X 96107 0 19841 Thomas J Farrell 40.00 X 40673 0 0 Ellen J Ellison 40.00 X 0 0 0 Edward F Ewald 40.00 X 248094 0 36095 Craig S Bazzani 40.00 X 265383 0 0 James Schroeder 40.00 X 160000 0 0 Donald Kojich 40.00 X 150793 0 13676 William E Reynen 40.00 X 141778 0 26245 Jeff W Roley 40.00 X 135877 0 23843 Laura A Vossman 40.00 X 191700 0 0 William T Sturtevant 40.00 X 134715 0 0 2811538 0 278243 21 1 1 0 DAV Productions 711 Pilot Rd Suite F Las Vegas NV 89119 Video Production 211286 Storbeck Pimental & Assoc LP 1400 N Providence Rd Ste 6000 Media PA 19063 Executive Search 186667 Korn Ferry International PO Box 1450 Minneapolis MN 55485 Consulting 118605 LaPlaya Beach and Golf Resort 9891 Gulf Shore Drive Naples FL 34108 Catering Services 107020 Transforming Solutions 652 North 1st Bank Drive Palatine IL 60067 Consulting 104012 5 298073854 120029583 298073854 University Contract & 900099 7630778 7630778 Annual Funds 900099 470631 470631 8101409 24007154 24007154 2329216 843710 1485506 1485506 1485506 481618112 683559 454037813 813519 27580299 -129960 27450339 27450339 Athletics Receipts 900099 3245292 3245292 Sales, Auctions, etc. 900099 1002031 1002031 3103697 3103697 7351020 366469282 15452429 0 52942999 143208733 143208733 2148611 1311809 836802 12095685 5499492 6596193 697971 419601 278370 2055019 1269981 785038 522677 316825 205852 38709 34303 4406 58296 58296 2138048 2138048 1590945 578617 1012328 97668 97668 1164826 811886 352940 538882 496483 42399 466101 465917 184 1164489 137304 1027185 1178980 387014 791966 46992 46834 158 520015 520015 17532 17532 Printing 546844 55864 490980 Memberships & Dues 101495 26776 74719 Subscriptions and Refer 71773 8394 63379 170470291 143208733 14698659 12562899 3237509 7072033 108000000 231000000 5220544 6011941 125631 66280 58791 628551 665603 78767650 6279914 62328687 72487736 683962539 810703788 561547953 602335157 57836063 65440973 1482828126 1795901653 12434085 13966122 4083614 3378065 53677458 54548757 70195157 71892944 X -15496408 4576489 661459538 830557483 766669839 888874737 1412632969 1724008709 1482828126 1795901653 X 195998991 115602702 -225953 X 0 1 X 1 0 X 163034470 140972225 157420544 176776360 298073854 936277453 163034470 140972225 157420544 176776360 298073854 936277453 22852342 913425111 23845471 17571428 18606997 19303251 26336370 105663517 15294544 15565417 15762309 15726716 15452429 77801415 1119742385 0.81570 0.78780 X Schedule A, Part II, Line 10, Explanation of Other Income: Athletics receipts auctions sales etc Contract payments from UI Annual funds reimbursement RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1199126507 136572040 107067241 1021223 17862426 1423882139 1204085197 33541569 -19196497 1402445 17901317 1199126507 995491517 65856846 161124074 1366288 17020952 1204085197 908879208 38339225 67938418 2605884 17059450 995491517 1072074749 56155042 -278519861 2658923 14800777 832250230 0.20000 0.78000 0.02000 1 0 60849611 60849611 7699033 1607091 257135 9048989 6916817 4594661 2322156 1695098 1428118 266980 72487736 102758907 F International government bonds 1093467 F Hedged/alternative investments 410357791 F Real estate trusts & partnerships 71335946 F Other investments 16493062 F Asset backed securities 136420 F Non-government backed c.m.o.s. 159564 F 602335157 Annuities Payable 47325053 Remainder Interest Due to Others 7223704 54548757 X 481358290 115602702 1424354 117027056 364331234 2138048 2138048 366469282 169982550 1424354 225953 1650307 168332243 2138048 2138048 170470291 Description of Intended Use of Endowment Funds: Part V, Line 4: The University of Illinois Foundation's endowment funds are intended for use by the University of Illinois. When each endowment fund is established it is set up with a NACBO purpose code based on donor intent. Examples of these codes include scholarships, professorships, research, facilities, etc. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Management has evaluated their material tax positions, which include such matters as the tax exempt status of each entity and various positions relative to potential sources of UBIT . As of June 30, 2013, there were no uncertain tax benefits identified and recorded as a liability. Part XII, Line 2d - Other Adjustments: Actuarial adjustment Part V: The 'Four years back' end of year balance does not tie to the 'Three years back' beginning balance due to the restatement from GASB to FASB accounting standards as reported on Schedule O of the 2009 form 990. East Asia and the Pacific 0 0 Investments 17045162 Central America and the Caribbean 0 0 Investments 4271868 Europe (Including Iceland & Greenland) 0 0 Investments 49436383 Middle East and North Africa 0 0 Investments 476284 North America 0 0 Investments 5020932 0 0 0 0 0 0 76250629 0 76250629 1 0 0 1 1 0 0 University of Illinois 506 S Wright St 108 Henry Adminstra ion Bldg Urbana IL 61801 376000511 501(c)(3) 137135443 6073290 FMV/Appraisal In-Kind gifts Support for the University of Illinois 1 Form 990 Schedule I Part II Grants and Other Assistance to Entities in the U.S. The University of Illinois Foundation does not administer the other assistance. The funds are transferred to the University of Illinois which administers the funds. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Sidney S Micek 364998 0 100000 0 3415 0 0 0 26656 0 495069 0 100000 0 Bradley K Hatfield 212936 0 0 0 5908 0 0 0 32827 0 251671 0 0 0 Charles J Hahn 130184 0 0 0 0 0 0 0 24352 0 154536 0 0 0 Edward F Ewald 246366 0 0 0 1728 0 0 0 36095 0 284189 0 0 0 Craig S Bazzani 264750 0 0 0 633 0 0 0 0 0 265383 0 0 0 James Schroeder 0 0 160000 0 0 0 0 0 0 0 160000 0 0 0 Donald Kojich 150793 0 0 0 0 0 0 0 13676 0 164469 0 0 0 William E Reynen 141778 0 0 0 0 0 0 0 26245 0 168023 0 0 0 Jeff W Roley 131564 0 0 0 4313 0 0 0 23843 0 159720 0 0 0 Laura A Vossman 191700 0 0 0 0 0 0 0 0 0 191700 0 0 0 William T Sturtevant 134100 0 615 0 0 0 0 0 0 0 134715 0 615 0 Part I, Line 1a Travel for companions: Sidney S. Micek - to assist with business purpose of trip - not treated as taxable income Payments for business use of personal residence: Sidney S. Micek - when staying overnight for business in Chicago is reimbursed at 75% of the per diem rate for Cook County Social club dues: Sidney S. Micek - % of personal use treated as taxable compensation Bradley K. Hatfield - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Craig S. Bazzani - % of personal use treated as taxable compensation Jeff W. Roley - % of personal use treated as taxable compenstation Part I, Line 3 The Compensation Committee (Committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the Committee for compensation packages of any disqualified person except him/herself. The Committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The Committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President, the Secretary/Senior Vice President, the employed Assistant Treasurers, and all Senior Vice Presidents. This process in undertaken for each position on an annual basis. Thomas J Farrell Downpayment on purchase of primary residence X 123839 125631 0 1 1 125631 X 143 432542 FMV methods vary by gift X 380144 FMV methods vary by gift X 524 49641944 FMV methods vary by gift X 3 9635 FMV methods vary by gift X 1 229500 FMV methods vary by gift X Farmland 1 327000 FMV methods vary by gift X Software 5 3090353 FMV methods vary by gift X Equipment 68 714495 FMV methods vary by gift X Other/Miscellaneous 1026 1220237 FMV methods vary by gift 0 0 1 Method for Determining Number of Contributors: Part I, Column (b): Numbers represent the number of items received. Third Party Use: Part I, Line 32b: The Foundation engages 3rd parties to sell non-cash contributions. We use the services of real estate agents to sell gifts of property and brokerage firms to sell securities gifts. Number of volunteers Form 990, Part I, Line 6 This number represents the number of Foundation Members. Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. Form 990, Part VI, Section A, line 1 The Board of Directors shall elect from its own body an Executive Committee of five or more which shall have and exercise all of the powers of the Board of Directors while the Board of Directors is not in meeting. The Chairman of the Board of Directors shall serve as chair and shall be a voting member of the Committee. Unless otherwise provided by resolution of the Board of Directors, a majority of the voting members of the Executive Committee shall constitute a quorum, and the act of a majority of the members of the Executive Committee shall be the act of the Committee. Each member of the Executive Committee shall continue as such until the next annual meeting of the Foundation and until a successor is appointed, unless such member shall be sooner removed from such Executive Committee, or unless such member shall cease to qualify as a member thereof. Action taken by the Executive Committee shall be made a matter of record and the Secretary of the Foundation shall serve ex officio as Secretary of the Executive Committee. A written report of the action taken by the Executive Committee shall be made at the next meeting of the Board of Directors. Form 990, Part VI, Section A, line 4 The Foundation made several changes to the organization's bylaws. These changes are summarized below. The bylaws were ammended to explicitly state that all Honorary members of the Board are ex-officio with no voting rights. The bylaws were ammended to included language that the Development committee must have at least 5 members. The bylaws were ammended to reflect the Investment Policy committee will oversee management of the Foundation's endowment fund and other assets and adds more specifics about what must be shared with the full board on a regular basis (net return, asset allocation, etc). The bylaws had previously stated the Investment Policy committee would oversee and manage the endowment pool and other assets. The Chief Investment Officer (CIO) was added as a person who can execute all agreements, contracts for goods and services, contracts, leases, titles, deeds, and other instruments to convey real or personal property to which the Foundation is a party. The CIO was granted authorization to execute all documents necessary to effectuate transactions consistent with the Investment Policy Statement and Investment Policy Committee Governance Policy Statement, including but not limited to, the selection of and designation of amounts to be invested with external investment managers and advisors. The Funds and Investment Articles of the bylaws were ammended to reflect the Board of Directors has delegated to the CIO of the Foundation, reporting to the President of the Foundation, all such duties and responsibilities as it deems necessary to implement successfully the investment policy of the Foundation. Form 990, Part VI, Section A, line 6 Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. The University of Illinois Foundation's Bylaws set the maximum number of regular Members at 1,000. The Membership and Governance Committee takes responsibility for recruiting, nominating and electing Members. University of Illinois Foundation members may be either honorary, regular members, or life members. Honorary members become members ex-officio for as long as they hold any of the following positions: President of the University of Illinois Members of the Board of Trustees of the University The Governor of the state of Illinois The Chairman of the University of Illinois Alumni Association The Chancellor(s) of each of the three campuses Members have no rights to receive distributions of income or assets from the organization. Form 990, Part VI, Section A, line 7a The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. There are 3 classes of members; honorary, member, and life member. Honorary members consists of persons acting from time to time as President of the University of Illinois, members of the Board of Trustees of the University of Illinois, Governor of the State of Illinois, Chariman of the University of Illinois Alumni Association, and Chancellors of the campuses. Honorary members are ex officio when and so long as they are incumbents of the above mentioned. Members are elected by the Board of Directors and serve for a 3 year term. They may be considered for renewal for an additional 3 year term. Members are eligible to serve on Board committees and have voting membership on Board committees. Life members are members that after exemplary service may be nominated as a life member. Life members shall have no voting power nor shall they be considered in determining a quorum. Life members shall be eligible to serve on Board committees as voting membership. Form 990, Part VI, Section B, line 11 The form is sent to the Accounting firm, Deloitte Tax, who provides a review of the form and schedules and signs the form as the paid preparer. A copy of the form is reviewed by the Audit Committe of the Board of Directors after the form is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is sent out each year to every member of the Board of Directors, including officers. After the forms are completed, any reported items are summarized and sent to every member of the audit committee for review. The members of the audit committee determine if any conflicts exist. Any questions or further research required is done by the Secretary of the Board. Legal counsel reviews the summary sent to the audit committe and then confers with the audit committee chair. A summary of the review and its conclusions is then given at the next audit committee meeting. Directors or Officers who have declared a conflict of interest, or who have been found to have a conflict of interest, shall refrain from participating in consideration of proposed transactions unless the Board or Foundation President requests information or interpretation for special reasons. Should a conflict of interest matter require an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. Form 990, Part VI, Section B, line 15 The Compensation Committee (Committee) uses comparability data that is prepared by or commented upon by a competent professional. The data refelcts similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the Committee for compensation packages of any disqualified person except him/herself. The Committe should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The Committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President, the Secretary/Senior Vice President, the employed Assistant Treasurers, and all Senior Vice Presidents. This process in undertaken for each position on an annual basis. Form 990, Part VI, Section C, line 19 The governing documents, confilict of interest policy, and financial statements are made available to the public by accessing our website or upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Actuarial Adjustments -225,953. ECRU Corporation 1305 West Green Street Urbana IL 61801 621019111 Investment & Leasing IL C 2045 651732 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0