2012-03-22T10:03:08-05:00 2011-06-30 MCGLADREY & PULLEN LLP 8040 EXCELSIOR DR STE 300 MADISON WI 53717 990 2010-07-01 390833612 WISCONSIN ALUMNI RESEARCH FOUNDATION WISC 6082632500 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 STEVEN MIXTACKI 6082632500 2012-03-21 JAMES G GRAHAM 6088333361 2010 2016-02-24 21:20:13Z STEVEN MIXTACKI 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 378383880 0 X WWW.WARF.ORG X 1925 WI TO PROVIDE THE MARGIN OF EXCELLENCE THE UNIVERSITY OF WISCONSIN - MADISON NEEDS TO FULFULL ITS ROLE AS A TWENTY-FIRST CENTURY LEADER IN RESEARCH, DISCOVERY AND INNOVATION.ALSO PROMOTE, ENCOURAGE, AND AID SCIENTIFIC INVESTIGATION AND RESEARCH AT THE UNIVERSITY OF WISCONSIN - MADISON AND THE MORGRIDGE INSTITUTE FOR RESEARCH BY:-HELPING TO COMMERCIALIZE THE TECHNOLOGY ARISING FROM THAT RESEARCH FOR THE BENEFIT OF HUMANKIND-INVESTING THE PROCEEDS OF THE COMMERCIALIZATION EFFORTS AND USE THE ADDED VALUE FROM OUR INVESTMENTS TO PROMOTE, ENCOURAGE, AND AID FURTHER SCIENTIFIC INVESTATION AND RESEARCH AT AND WITHIN THE UNIVERSITY OF WISCONSIN - MADISON AND THE MORGRIDGE INSTITUTE FOR RESEARCH. 17 16 114 0 0 -282552 2500000 50978372 164254673 56126074 329932491 266202626 111160 5076808 496798324 378383880 89227407 67754998 0 0 9560631 11323760 0 0 0 57364982 39681851 156153020 118760609 340645304 259623271 2198630744 2516480610 547077137 481777600 1651553607 2034703010 X SEE PART I, LINE 1 0 0 87692692 52179966 56129921 DIRECT FISCAL 2010-11 GRANTS OF $52,179,966 WERE MADE TO THE UNIVERSITY OF WISCONSIN - MADISON. THE DIRECT GRANTS SUPPORTED 52 NAMED PROFESSORSHIPS, 8 NEW KELLETT MID-CAREER FELLOWSHIPS AND 6 NEW ROMNES FACULTY FELLOWSHIPS BRINGING THE TOTAL OF SUCH FELLOWSHIPS TO 157 DURING THE YEAR. FOUNDATION FUNDS SUPPORTED 1,500 RESEARCH PROJECTS AT THE UNIVERSITY DURING THE YEAR. IN ADDITION, 145 WARF GRADUATE FELLOWSHIPS WERE WHOLLY OR PARTIALLY FUNDED BY THE FOUNDATION DURING 2010-11. THE FOUNDATION THROUGH THE ENDOWMENT FOR EXCELLENCE FUNDED 47 INTERDISCIPLINARY FACULTY MEMBERS IN THE FOLLOWING AREAS; AGROECOLOGY, AFRICAN DISPORA, CHEMICAL BIOLOGY, CHEMISTRY, COGNITIVE SCIENCE, COMPUTATIONAL SCIENCES, COMPUTER ENGINEERING, COSMOLOGY, DISABILITY STUDIES, ENERGY SOURCES/POLICY, FOOD SAFETY, FUNCTIONAL ORGANIC MATERIALS, LAND USE, MATERIALS DESIGN, MATHEMATICAL PHYSICS, MINIMALLY INVASIVE MEDICAL TECHNIQUES, MOLECULAR BIOMETRY, NEURODEGENERATIVE DISEASES, STEM CELL AND REGENERATIVE MEDICINE, STRUCTURAL BIOLOGY, SYMBIOSIS, SYSTEMS BIOLOGY, VITAMIN D AND WOMEN'S HEALTH.THE PATENT AND LICENSING FUNCTION PRODUCED THE FOLLOWING RESULTS DURING THE YEAR: THE UNIVERSITY OF MADISON DISCLOSED 309 INVENTIONS TO THE WISCONSIN ALUMNI RESEARCH FOUNDATION. THE FOUNDATION FILED 214 U.S. PATENTS AND 250 FOREIGN PATENT APPLICATIONS ON BEHALF OF THE UNIVERSITY OF WISCONSIN. DURING THE 2010-11 FISCAL YEAR 151 U.S. PATENTS AND 183 FOREIGN PATENTS WERE GRANTED TO THE FOUNDATION BY THE RESPECTIVE PATENT OFFICES.UNDER FEDERAL LAW (I.E. THE BAYH DOLE ACT) UNIVERSITIES OR THEIR 501(C)(3) PATENT MANAGEMENT ORGANIZATIONS HAVE THE RIGHT TO TAKE TITLE TO INVENTIONS MADE IN THE COURSE OF UNIVERSITY RESEARCH FUNDED IN WHOLE OR IN PART BY AN AGENCY OF THE FEDERAL GOVERNMENT. THE UNIVERSITY OF WISCONSIN - MADISON HAS DELEGATED THIS RIGHT TO WARF. WARF IS THE DESIGNATED PATENT MANAGEMENT ORGANIZATION FOR THE UNIVERSITY OF WISCONSIN- MADISON AND IN THAT ROLE WARF EXERCISES THE UNIVERSITY'S RIGHTS AND OBLIGATIONS UNDER THE BAYH DOLE ACT. DURING FISCAL YEAR 2010-11, 56 LICENSES AND OPTIONS AGREEMENTS WERE CONCLUDED WITH INDUSTRIAL FIRMS. 15575032 15575032 THE MORGRIDGE INSTITUTE FOR RESEARCH WAS ESTABLISHED ON NOVEMBER 24, 2006 TO SUPPORT MEDICAL RESEARCH AND EDUCATION AT THE UNIVERSITY OF WISCONSIN-MADISON IN CONJUNCTION WITH THE UNIVERSITY OF WISCONSIN HOSPITALS AND CLINICS AUTHORITY. THE PRIMARY PURPOSES FOR THE INSTITUTE ARE AS FOLLOWS:1) COLLABORATION - SPARK RESEARCH COLLABORATIONS ACROSS THE SCIENCES AND THE UW-HOSPITAL THAT ACCELERATE BREAKTHROUGH DISCOVERIES TO IMPROVE HUMAN HEALTH.2) INTERACTION - FOSTER INTERACTION BETWEEN PUBLIC AND PRIVATE RESEARCH THAT BREAKS DOWN BARRIERS BETWEEN RESEARCHERS, LABS AND SCIENTIFIC DISCIPLINES.3) COMMUNITY - DEVELOP VIBRANT PUBLIC SPACE ON THE CAMPUS OF THE UNIVERSITY OF WISCONSIN- MADISON THAT BUILDS COMMUNITY AND ENGAGES THE PUBLIC IN THE SCIENCES AND HUMANITIES.DURING FISCAL 2010-11, THE MORGRIDGE INSTITUTE FOR RESEARCH MAINTAINED THE FOLLOWING PROGRAMS:REGENERATIVE BIOLOGY:- TO UNDERSTAND AND IDENTIFY THE GENOMICS OF THE HUMAN EMBRYONIC STEM CELL- TO CREATE PHYSIOLOGICALLY STABLE, SAFE, AND FUNCTIONAL CELLS TO REPAIR OR REPLACE DISEASED CELLS IN HUMANSEDUCATION RESEARCH:- SEEK TO IMPROVE PUBLIC UNDERSTANDING OF KEY CONCEPTS IN SCIENCE, BIOMEDICINE, AND HEALTHCARE BY BECOMING A "GO-TO" PLACE FOR GAMES AND SIMULATION-BASED LEARNING RESOURCES IN THE BIOMEDICAL AND HEALTH SCIENCESMEDICAL DEVICE:- DEVELOP AN UNDERSTANDING OF MEDICAL PROBLEMS THAT CAN POTENTIALLY BE HELPED WITH MEDICAL DEVICES- INVENT, DESIGN, BUILD, ENHANCE, AND TEST MEDICAL DEVICES- MAKE THE TRANSLATION OF MEDICAL DEVICES TO THE CLINIC MORE EFFICIENT, EFFECTIVE, AND SAFEVIROLOGY:- ADVANCE PRACTICAL UNDERSTANDING, PREVENTION, AND TREATMENT OF VIRUSES AND THEIR DISEASES- ENHANCE UNDERSTANDING OF THE BIOLOGY OF HEALTHY CELLS AND TISSUES- DEVELOP NEW TOOLS DERIVED FROM VIRUSES FOR USE IN BIOTECHNOLOGY, NANOTECHNOLOGY, AND MEDICINE PHARMACEUTICAL INFORMATICS:- DEVELOP A NETWORK OF FUNDAMENTAL RESEARCH PROJECTS IN COMPUTATIONAL CHEMISTRY AND COMPUTATIONAL BIOLOGY- DEVELOP COMPOUNDS THAT ARE SAFE AND VIABLE THAT SOLVE DISEASE MODELS- EXPAND THE CHEMICAL LIBRARY THROUGH PETASCALE COMPUTATIONAL CHEMISTRY- DEVELOP NEW ECONOMIC MODELS FOR ALLIANCES BETWEEN INDUSTRY AND UNIVERSITIESOUTREACH EXPERIENCES:- MAKE THE SCIENCE TAKING PLACE AT THE MORGRIDGE INSTITUTE ACCESSIBLE, EXCITING AND RELEVANT TO STUDENTS OF ALL AGES AND ALL WALKS OF LIFE- ASSIST THE MORGRIDGE EDUCATION RESEARCH CHALLENGE AREA IN DEVELOPING CONTENT FOR ITS DIGITAL LEARNING PLATFORMS- CREATE MATERIAL AND HANDS-ON INTERFACES RELATED TO MORGRIDGE RESEARCH FOR THE INFORMAL LEARNING ENVIRONMENT IN THE TOWN CENTER AT THE WISCONSIN INSTITUTES FOR DISCOVERY WICELL'S PRIMARY PURPOSE IS TO SUPPORT HUMAN EMBRYONIC STEM CELL RESEARCH AT THE UNIVERSITY OF WISCONSIN - MADISON; PROVIDE SCIENTIFIC RESEARCH AND INVESTIGATION INTO THE CULTURE, DEVELOPMENT AND DIFFERENTIATION OF HUMAN AND ANIMAL EMBRYONIC STEM CELLS; DISTRIBUTE CELLS; TEACH SCIENTISTS HOW TO SUCCESSFULLY CULTURE THE CELLS; EDUCATE THE GENERAL PUBLIC ABOUT THE SCIENCE; LICENSE THE TECHNOLOGY TO OTHER QUALIFIED RESEARCH ORGANIZATIONS TO PROMOTE ADDITIONAL SCIENTIFIC RESEARCH IN THIS AREA. WICELL DISTRIBUTES HUMAN AND ANIMAL EMBRYONIC STEM CELLS AND LICENSES THE RELATED TECHNOLOGY ONLY TO QUALIFIED RESEARCH ORGANIZATIONS WHICH COMMIT TO CARRY ON SUCH RESEARCH IN AN ETHICAL MANNER.THE SCIENTIFIC RESEARCH CARRIED OUT BY WICELL AND OTHERS WHO ACQUIRE CELLS AND THE RIGHT TO USE THE RELATED TECHNOLOGY HAVE AS THEIR OBJECTIVE THE EVENTUAL, USE OF CELLS TO TREAT OR PREVENT DISEASE AND TO ENABLE DEFECTIVE OR INJURED BODY PARTS OR SYSTEMS TO BE REPAIRED OR REPLACED, AS WELL AS TO UNDERSTAND EARLY HUMAN DEVELOPMENT.WICELL LABORATORY OPERATIONS ARE LOCATED IN THREE SEPARATE FACILITIES: 1) THE SPRING STREET LABORATORY LOCATED NEAR THE UW-MADISON CAMPUS PROVIDES CORE SUPPORT TO NUMEROUS STEM CELL RESEARCH ACTIVITIES. 2) A LABORATORY LOCATED AT THE UW RESEARCH PARK IN MADISON, WISCONSIN IS USED FOR CELL DISTRIBUTION AND TEACHING ACTIVITIES INVOLVING FEDERALLY APPROVED LINES. 3) ANOTHER LABORATORY, ALSO LOCATED AT THE UW RESEARCH PARK IS USED TO DERIVE AND CHARACTERIZE NEW, NON-FEDERALLY APPROVED, CELL LINES.DURING FISCAL YEAR 2010-11 WICELL DISTRIBUTED 341 HUMAN CELL LINES TO COMMERCIAL AND ACADEMIC RESEARCH LABORATORIES BRINGING THE TOTAL CELL LINES DISTRIBUTED TO DATE TO 2,195.WICELL OPERATES ITS RESEARCH FACILITIES WITH 25 SCIENTISTS AND RESEARCH TECHNICIANS. THE WISYS TECHNOLOGY FOUNDATION WAS ESTABLISHED IN MARCH 2000 TO PROVIDE TECHNOLOGY TRANSFER SERVICE FOR THE UNIVERSITY OF WISCONSIN CAMPUSES EXCLUDING THE UNIVERSITY OF WISCONSIN-MADISON. THE MISSION OF WISYS IS TO PROVIDE PROTECTION FOR TECHNOLOGY THROUGH PATENTS OR OTHER METHODS, FOR THE UW SYSTEM FACULTY'S DISCOVERIES AND TO NEGOTIATE LICENSE AGREEMENTS THAT ENABLE INDUSTRY TO COMMERCIALIZE INVENTIONS FROM UW SYSTEMS' INSTITUTIONS.DURING FISCAL YEAR 2010-11 WISYS REVIEWED 32 NEW INVENTION DISCLOSURES RECEIVED FROM UW-SYSTEM FACULTY AND ACCEPTED 5 OF THE DISCLOSURES FOR FURTHER STUDY AND PATENTING. DURING FISCAL 2010-11, WISYS APPLIED FOR 21 U.S. PATENTS AND DERIVATIVES. IN ADDITION, WISYS RECEIVED 5 U.S. ISSUED PATENTS AND 4 FOREIGN ISSUED PATENTS. WISYS COMPLETED 3 NEW LICENSE AND OPTIONS AGREEMENTS AND 4 NEW MATERIAL TRANSFER AGREEMENTS. WISYS OPERATES ITS OFFICES LOCATED AT 614 WALNUT STREET, MADISON, WISCONSIN WITH 5 EMPLOYEES. 103267724 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 772 0 1 114 1 1 1 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI CA X X STEVEN MIXTACKI 6082611954 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 CARL E GULBRANDSEN 40.00 X X 662771 25000 150271 CAROL N SKORNICKA 10.00 X 15000 0 0 CAROLYN MARTIN 10.00 X 15000 0 0 DORIS MEISSNER 10.00 X 10000 0 0 ERNEST A MICEK 10.00 X X 15000 5000 0 GORDON F BRUNNER 10.00 X 20000 10000 0 JAN K VER HAGEN 10.00 X 15000 10000 0 JOAN E SPERO 10.00 X 15000 5000 0 JOHN P MORGRIDGE 10.00 X 0 0 0 JOHN ROWE 10.00 X X 15000 5000 0 KEITH R LOBO 10.00 X 15000 0 0 LEE RAYMOND 10.00 X 0 0 0 NORMAN BOBINS 10.00 X 5000 0 0 PATRICIA LIPTON 10.00 X X 15000 5000 0 PETER P TONG 10.00 X 17000 0 0 THOMAS F PYLE 10.00 X 15000 10000 0 WINSLOW L SARGRANT 10.00 X 10000 0 0 STEVE MIXTACKI 40.00 X 230356 0 82894 CARRIE THOME 40.00 X 419942 0 56931 MICHAEL FALK 40.00 X 284033 0 64870 ALAIN HUNG 40.00 X 382831 0 80932 KATHI STANEK 40.00 X 209881 0 56163 KENNETH LUTZ 40.00 X 225388 0 231468 LAURA HEISLER 40.00 X 154881 0 41506 STEPHANIE ADAMANY 40.00 X 179798 0 43736 HOWARD BREMER 10.00 X 112789 0 8257 3059670 75000 817028 29 1 1 0 FINDORFFMORTENSON A JOINT VENTURE 300 S BEDFORD ST MADISON WI 53703 BUILDING CONSTRUCTION 44974635 FINDORFF INC PO BOX 575 MADISON WI 537010575 BUILDING CONSTRUCTION 6135301 QUARLES & BRADY LLP 411 E WISCONSIN AVE 2550 MILWAUKEE WI 53202 LEGAL SERVICES 2748756 UIHLEIN & WILSON ARCHITECTS 322 E MICHIGAN ST STE 400 MILWAUKEE WI 53202 BUILDING DESIGN 1725662 CPA GLOBAL LTD CASTLE ST ST HEILER CHANNEL ISLANDS JE PATENT LEGAL/ANNUITY SERVICE 1601516 37 50978372 507909 50978372 ROYALTIES 900099 53210597 53210597 LICENSING 900099 2915477 2915477 56126074 15256289 15256289 1672961 1672961 1672961 1672961 250946337 250946337 250946337 250946337 MIR BLDG COSTS REIMBUR 900099 1800000 1800000 MIR ADMIN REIMBURSEMEN 900099 1600000 1600000 OTHER INCOME 900099 3847 3847 3403847 378383880 56129921 0 271275587 67754998 67754998 2437207 573974 1863233 6583554 3169013 3414541 1032560 503108 529452 830912 426583 404329 439527 238252 201275 198277 198277 896450 896450 221734 33634 188100 351485 351485 5580917 5580917 1611265 1378400 232865 351770 3680 348090 270250 116952 153298 623782 111826 511956 11324369 11324369 1243894 740679 503215 145211 73493 71718 200 200 96341 63746 32595 3405189 3347488 57701 3186656 2964326 222330 295463 80421 215042 DOMESTIC LEGAL/PATENTS 3168857 3168857 FOREIGN LEGAL/PATENTS 2834504 2834504 TECH COMMERCIAL ACCEL 1400173 1400173 FOREIGN PATENT MTC FEES 1147687 1147687 UW MADISON EVENT & PROG 314801 314801 1012576 600310 412266 118760609 103267724 15492885 0 3634758 11815079 8859464 732583 1500000 50989417 4429608 2763067 49445 225177 189588805 6037372 142681802 183551433 284453084 322047292 1599138267 1847638058 153884316 96718504 2198630744 2516480610 13904581 5452485 244430347 245272446 1147110 160877563 160301655 126717536 70751014 547077137 481777600 X 1568720607 1887069010 82833000 147634000 1651553607 2034703010 2198630744 2516480610 X 259623271 123526132 X X 0 1 1 X 0 X X 0 0 0 UNIVERSITY OF WISCONSIN-MADISON 396006492 2 1 1 1 52179966 1 52179966 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 351485 351485 99867724 100219209 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 386682 340584 235428 351485 1314179 250000 250000 250000 250000 1000000 1500000 15340740 15340740 148265775 1853307 146412468 924429 683073 241356 25028083 3500992 21527091 29778 29778 183551433 MONEY MARKET FUNDS 311115744 F HEDGE FUNDS 686431653 F INVESTMENT IN WICELL 1997535 F INVESTMENT IN WISYS 1011767 F FIXED INCOME 566069907 F PRIVATE EQUITY - LTD PS 213294446 F INVESTMENT IN MORGRIDGE 37660436 F INVESTMENT IN WARF STARTUP COMPANIES 17314010 F REVERSE PURCHASE AGREEMENTS 5772863 F VENTURE CAPITAL PARTNERSHIPS 6969697 F 1847638058 ROYALTIES PAYABLE 634359 DUE TO BROKER 6230354 SECURITIES LENDING CASH COLLATERAL OBLIGATION 63886301 70751014 378383880 118760609 259623271 117322544 6203588 123526132 383149403 428353493 117322544 117322544 311030949 67352931 67352931 378383880 102385290 0 102385290 16375319 16375319 118760609 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION, WICELL, WISYS, PROPERTIES, AND MORGRIDGE HAVE BEEN GRANTED AN EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THIS EXEMPTION, INCOME TAX IS PAID ONLY ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATIONS ARE ALSO EXEMPT FROM WISCONSIN INCOME AND REAL ESTATE TAX. THE ORGANIZATION FOLLOWS THE GUIDANCE RELATIVE TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF WISCONSIN. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: ALLOCATION OF INVEST APPREC TO DEPT ROYALTY TRUSTS,UNIVERSITY & DONOR FUNDS -13,298,757. EQUITY GAIN IN SUBSIDIARIES -230,034. APPRECIATION IN DONOR DIRECTED FUNDS 16,091,065. CHANGE IN MINIMUM PENSION OBLIGATION 3,641,314. PART XII, LINE 4B - OTHER ADJUSTMENTS: SHARED ROYALTIES NETTED AGAINST INCOME IN AUDIT 11,324,369. CONTRIBUTIONS INCLUDED IN TEMPORARILY RESTRICTED NET ASSETS 50,977,612. MISC EXPENSE NETTED AGAINST MISC INCOME 50,950. REIMBURSED EXPENSES FROM AFFILIATE NETTED AGAINST EXPENSES IN AUDIT 5,000,000. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SHARED ROYALTIES NETTED AGAINST EXPENSES IN AUDIT 11,324,369. MISC EXPENSE NETTED AGAINST MISC INCOME 50,950. REIMBURSED EXPENSES FROM AFFILIATE NETTED AGAINST EXPENSES IN AUDIT 5,000,000. 1 UNIVERSITY OF WISCONSIN - MADISON 1025 W JOHNSON ST MADISON WI 53706 396006492 501(C)(3) 52179966 SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4A MORGRIDGE INSTITUTE FOR RESEARCH 330 N ORCHARD ST MADISON WI 537151119 208325570 501(C)(3) 15575032 SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4D 2 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 1) UW - THE UNIVERSITY PROVIDES WARF WITH AN ANNUAL SUMMARY OF GRANT EXPENDITURES THAT DETAILS HOW THE GRANT FUNDS WERE SPENT FROM THE PREVIOUS YEAR 2) MIR - WARF HAS ACCESS TO THE FINANCIAL STATEMENTS OF THE ORGANIZATION. ALSO, THE WARF MANAGING DIRECTOR CARL GULBRANDSEN SITS ON THE BOARD OR MIR. X X X X X 0 0 0 0 0 0 0 0 0 CARL E GULBRANDSEN 462671 25000 200100 0 0 0 117911 0 32360 0 813042 25000 726856 25000 STEVE MIXTACKI 214731 0 15625 0 0 0 66852 0 16042 0 313250 0 0 0 CARRIE THOME 281394 0 138548 0 0 0 28092 0 28839 0 476873 0 405819 0 MICHAEL FALK 248254 0 35779 0 0 0 38002 0 26868 0 348903 0 465440 0 ALAIN HUNG 257377 0 125454 0 0 0 52631 0 28301 0 463763 0 183184 0 KATHI STANEK 178631 0 31250 0 0 0 39778 0 16385 0 266044 0 0 0 KENNETH LUTZ 195988 0 29400 0 0 0 205450 0 26018 0 456856 0 506666 0 LAURA HEISLER 137330 0 17551 0 0 0 31187 0 10319 0 196387 0 193397 0 STEPHANIE ADAMANY 158348 0 21450 0 0 0 18871 0 24865 0 223534 0 198516 0 HOWARD BREMER 109149 0 3640 0 0 0 0 0 8257 0 121046 0 123402 0 COMMUNITY DEVELOPMENT AUTHORITY- CITY OF MADISON 396006968 2009-12-17 161453470 FOR CONSTRUCTING A RESEARCH FACILITY LOCATED ON THE CAMPUS OF UW-MADISON 0 0 0 161453470 2569756 151462411 7421303 2010 0 0 0 1 0 1 0 1 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 SCH K, PART III, #2 PRIVATE BUSINESS USE ALTHOUGH THERE IS PRESENTLY NO PRIVATE BUSINESS USE OF THE BOND-FINANCED PROPERTY, A SIGNIFICANT PORTION OF THE PROPERTY IS CURRENTLY OCCUPIED BY THE MORGRIDGE INSTITUTE FOR RESEARCH, INC., A 501(C)(3) ORGANIZATION ("MORGRIDGE"). AS A MEDICAL RESEARCH ORGANIZATION THAT COLLABORATES WITH PRIVATE INDUSTRY IT IS POSSIBLE THAT SOME OF THE ACTIVITY ON THE PROPERTY COULD RESULT IN PRIVATE BUSINESS USE. HOWEVER, MORGRIDGE IS AWARE OF THE LIMITATIONS ON PRIVATE USE, AND PROCEDURES HAVE BEEN PUT IN PLACE FOR WARF AND MORGRIDGE TO TRACK PRIVATE USE TO ENSURE COMPLIANCE WITH BOND REQUIREMENTS. X 1 507909 FAIR MARKET VALUE 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): NUMBER OF ACTUAL CONTRIBUTORS FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY REVIEWED AND APPROVED BY THE CFO, CONTROLLER AND OTHER MEMBERS OF THE MANAGEMENT TEAM. AN ELECTRONIC COPY OF THE FINAL VERSION OF THE FORM 990 IS SUBSEQUENTLY PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WARF MANAGING DIRECTOR REQUIRES THAT THE TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. WARF REVIEWS CONFLICT MATTERS AS DISCLOSED THROUGH THE ANNUAL DISCLOSURE AND ON A ROLLING BASIS AND CONSIDERS THEM IN THE MATTER PROSCRIBED IN ITS CONFLICT POLICY. A CONFLICT OF INTEREST COMMITTEE OF THE BOARD OF TRUSTEES ALSO MEETS AS APPROPRIATE TO CONSIDER CONFLICT SITUATIONS. ALL WARF EMPLOYEES SIGN A CONFLICT OF INTEREST AGREEMENT. THE AGREEMENT REQUIREMENTS ARE REVIEWED ANNUALLY AT AN EMPLOYEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 A) WARF RETAINS A MADISON, WISCONSIN-BASED INDEPENDENT HUMAN RESOURCES CONSULTING FIRM SPECIALIZING IN COMPENSATION ACTIVITIES TO REVIEW COMPENSATION FOR THE CEO, TOP MANAGEMENT, OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE CONSULTANT IS RETAINED BY AND REPORTS TO THE CHAIR OF THE SALARY AND FRINGE BENEFIT COMMITTEE AND TO THE TRUSTEE PRESIDENT. B) EACH YEAR IN MID AUGUST THE CONSULTANT PROVIDES COMPARATIVE COMPENSATION DATA TO THE TRUSTEE PRESIDENT AND THE SALARY AND FRINGE BENEFITS COMMITTEE. C) THE TRUSTEE PRESIDENT REVIEWS A WRITTEN SUMMARY OF EXECUTIVE ACCOMPLISHMENTS FOR THE FISCAL YEAR. THIS INFORMATION IS SHARED WITH THE SALARY AND FRINGE BENEFITS COMMITTEE AND WITH THE BOARD'S EXECUTIVE COMMITTEE. D) IN LATE AUGUST OR EARLY SEPTEMBER THE SALARY AND FRINGE BENEFITS COMMITTEE HOLDS A TELECONFERENCE TO DISCUSS THE GENERAL DIRECTION AND SCOPE/RANGE OF EXECUTIVE COMPENSATION. THE OUTSIDE CONSULTANT PARTICIPATES IN THE DISCUSSION. E) IN MID SEPTEMBER THE BOARD PRESIDENT AND THE CHAIR OF THE SALARY AND FRINGE BENEFIT COMMITTEE DISCUSS THE EXECUTIVE EVALUATION AND DETERMINE THE COMPENSATION ADJUSTMENT. F) THE SALARY AND FRINGE BENEFITS COMMITTEE REVIEWS THE RECOMMENDATION IN (E) ABOVE AND APPROVES FINAL COMPENSATION ADJUSTMENTS. G) THE CHAIRMAN OF THE SALARY AND FRINGE BENEFITS COMMITTEE REVIEWS THE COMPENSATION ADJUSTMENTS WITH THE FULL BOARD AT THE FALL TRUSTEE. H) THE OUTSIDE CONSULTANT PROVIDES A LETTER TO THE CHAIR OF THE SALARY AND FRINGE BENEFIT COMMITTEE DESCRIBING THE CONSULTANT'S ROLE IN ESTABLISHING THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD UNDER THE INTERMEDIATE SANCTIONS REGULATIONS AND HOW THE CONSULTANT PROVIDED THE ANALYSIS TO DETERMINE THE REASONABLENESS OF THE EXECUTIVE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 117,322,544. ALLOCATION OF INVEST APPREC TO DEPT ROYALTY TRUSTS,UNIVERSITY & DONOR FUNDS -13,298,757. EQUITY GAIN IN SUBSIDIARIES -230,034. APPRECIATION IN DONOR DIRECTED FUNDS 16,091,065. CHANGE IN MINIMUM PENSION OBLIGATION 3,641,314. TOTAL TO FORM 990, PART XI, LINE 5: 123,526,132. FORM 990, PART XII, LINE 2C THE INDEPENDENT ACCOUNTANTS ARE RETAINED AND REPORT DIRECTLY TO THE EIGHT MEMBER AUDIT COMMITTEE. THE COMMITTEE OPERATES UNDER AUDIT COMMITTEE CHARTER THAT IS REVIEWED ANNUALLY. THE COMMITTEE MEETS AS CIRCUMSTANCES DICTATE BUT NO LESS THAN TWICE ANNUALLY. THE SPRING MEETING OF THE AUDIT COMMITTEE IS CONVENED TO PRINCIPALLY PERFORM THE FOLLOWING TASKS: A. REVIEW ACTIONS TAKEN BY MANAGEMENT TO ADDRESS SIGNIFICANT FINDINGS AND RECOMMENDATIONS FROM THE PREVIOUS YEAR'S INDEPENDENT AUDIT. B. EVALUATE THE INDEPENDENT AUDITOR AND APPROVE RETENTION OF SAME FOR THE UPCOMING FISCAL YEAR-END AUDIT. C. REQUEST REVIEW OF THE AUDIT PLAN AND REQUEST REVIEW OF SPECIFIC AREAS OF INTERNAL CONTROL, ACCOUNTING FUNCTIONS AND REPORTING THAT ARE OF CONCERN OF THE COMMITTEE. THE FALL MEETING OF THE AUDIT COMMITTEE IS CONVENED TO REVIEW THE AUDITED FINANCIAL STATEMENTS AND OUTSIDE AUDITOR OPINION WITH RESPECT TO SUCH FINANCIAL STATEMENTS INCLUDING THE RATIONALE BEHIND THOSE ESTIMATES AS WELL AS ALL CRITICAL ACCOUNTING POLICIES IDENTIFIED TO THE COMMITTEE BY THE OUTSIDE AUDITORS. CHANGES FROM THE PRIOR YEAR: THE AUDIT COMMITTEE NOW INCLUDES EIGHT MEMBERS INSTEAD OF SIX. FILING OF FORM 8621 ON BEHALF OF WISCONSIN ALUMNI RESEARCH ORGANIZATION FORM 8621: WISCONSIN ALUMNI RESEARCH FOUNDATION OWNS A STAKE IN THE FOLLOWING PARTNERSHIPS WHICH HAVE INDIRECT INVESTMENTS IN PASSIVE FOREIGN INVESTMENT COMPANIES (PFICS), AND HAVE FILED FORM 8621 ON BEHALF OF WISCONSIN ALUMNI RESEARCH FOUNDATION: SIGULER GUFF BRIC OPPORTUNITIES FUND, LP SIGULER GUFF BRIC OPPORTUNITIES FUND II, LP DISCLOSURE OF REPORTABLE TRANSACTIONS FORM 8886: THE FOLLOWING INVESTMENTS OF WISCONSIN ALUMNI RESEARCH FOUNDATION HAVE FILED FORM 8886 DISCLOSING REPORTABLE TRANSACTIONS. AS A LIMITED PARTNER IN THESE INVESTMENTS, WISCONSIN ALUMNI RESEARCH FOUNDATION'S ALLOCABLE SHARE FROM THE RESPECTIVE PASSTHROUGH ENTITIES DOES NOT EXCEED THE THRESHOLD AMOUNTS. THEREFORE, WISCONSIN ALUMNI RESEARCH FOUNDATION HAS NOT PARTICIPATED IN A LOSS TRANSACTION REPORTABLE ON FORM 8886: PINEBRIDGE GLOBAL EMERGING MARKETS FUND, LLC GROTECH PARTNERS V, L.P. 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