2012-03-26T15:57:06-05:00 2011-06-30 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2010-07-01 726020969 L S U FOUNDATION LSUF 2255783811 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 GINA M DUGAS 2255784341 2012-03-20 1 RALPH STEPHENS 2259224600 2010 2016-02-24 21:20:13Z WILLIAM G BOWDON 3838 W LAKESHORE DR BATON ROUGE LA 70808 255672375 0 X WWW.LSUFOUNDATION.ORG X 1960 LA TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 24 24 68 25 -6440 -6440 31561414 30346130 0 0 5191097 14110272 1081771 1031638 37834282 45488040 35353048 17898965 0 0 5688617 5886267 5240 0 4134161 10172868 9788670 51219773 33573902 -13385491 11914138 463897474 527917286 104046093 115497149 359851381 412420137 X THE MISSION OF THE LSU FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 0 0 13613551 ACADEMIC AND RESEARCH ACTIVITIES: DIRECT SUPPORT OF EXTENSIVE SCOPE OF ACADEMIC AND RESEARCH PROGRAMS CONDUCTED BY THE ACADEMIC COLLEGES AND RESEARCH CENTERS WITHIN LSU, LSU AGRICULTURAL CENTER, AND LAW CENTER. THESE PROGRAMS ARE INTEGRAL TO THE ACCOMPLISHMENTS OF LSU'S MISSION, AND THE FOUNDATION PROVIDES CRUCIAL FUNDING TO SUPPLEMENT STATE APPROPRIATIONS. 4339744 CHAIRS AND PROFESSORSHIPS: SUPPORT OF THE SCHOLARLY RESEARCH ACTIVITIES OF LSU'S DISTINGUISHED FACULTY WHO HAVE BEEN HONORED WITH APPOINTMENT BY THE UNIVERSITY TO DESIGNATED CHAIRS AND PROFESSORSHIPS. THE WIDE VARIETY OF SUPPORT PROVIDED INCLUDES SALARY SUPPLEMENTS, EQUIPMENT PURCHASES AND RESEARCH-RELATED TRAVEL. THIS SUPPORT IS CRITICAL TO THE UNIVERSITY'S ABILITY TO RECRUIT AND RETAIN FACULTY WHO ARE EMINENT IN THEIR FIELDS. 3428676 SCHOLARSHIPS AND FELLOWSHIPS: FINANCIAL SUPPORT TO UNDERGRADUATE AND GRADUATE STUDENTS THROUGH APPROXIMATELY 1,500 AVAILABLE SCHOLARSHIPS AND FELLOWSHIPS 4362482 OTHER PROGRAM SERVICES INCLUDE: (1) CAPITAL OUTLAY: ACQUISITION OF EQUIPMENT AND CONSTRUCTION OF FACILITIES FOR USE IN THE ACADEMIC AND RESEARCH ENDEAVORS OF THE UNIVERSITY (2) SALARY SUPPORT FOR ACADEMIC POSITIONS, (3) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS CHANCELLOR'S DISTINGUISHED LECTURE SERIES AND HOSTING VISITING SCHOLARS, (4) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (5) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (6) INSTITUTIONAL ADVANCEMENT. 4362482 25744453 1 1 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 X 161 0 68 1 0 1 CJ 0 0 0 1 1 0 0 0 0 X 24 24 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GINA DUGAS 2255783811 3838 W LAKESHORE DR BATON ROUGE LA 70808 J LANIER YEATES 1.00 X 0 0 0 CHARLES A LANDRY 2.00 X X 0 0 0 ROBERT H CROSBY III 1.00 X 0 0 0 MARK K ANDERSON 1.00 X 0 0 0 JEFF H BENHARD 1.50 X 0 0 0 J HERBERT BOYDSTUN 1.50 X 0 0 0 J TERRELL BROWN 1.50 X 0 0 0 LAURA L DAUZAT 2.00 X X 0 0 0 WILLIAM T FIRESHEETSII 1.50 X 0 0 0 T CASS GAIENNIE 1.50 X 0 0 0 G LEE GRIFFIN 1.50 X 0 0 0 FRANK W HARRISON III 1.50 X 0 0 0 GARY L LABORDE 1.50 X 0 0 0 GENE W LAFITTE 1.00 X 0 0 0 LAURA A LEACH 1.00 X 0 0 0 WILLIAM B OWENS 1.00 X 0 0 0 JAMES R PELTIER 1.00 X 0 0 0 JOHN F SHACKELFORD III 1.00 X 0 0 0 SUE W TURNER 1.00 X 0 0 0 BURTON D WEAVER JR 1.00 X 0 0 0 WILLIAM H WRIGHT JR 1.00 X 0 0 0 FELIX R WEILL 1.50 X 0 0 0 ROBERT W DAIGLE 1.00 X 0 0 0 ROBERT M STUART JR 1.50 X 0 0 0 DAVID B MEANS III 1.50 X 0 0 0 WILLIAM G BOWDON 40.00 X 333916 0 20479 GINA M DUGAS 40.00 X 174234 0 18196 JEFFERY L MCLAIN 40.00 X 189153 0 27600 WILLIAM L SILVIA JR 1.00 X 0 0 0 GEORGE T MOSS 40.00 X 135962 0 19180 ANN M MARMANDE-FRENZEL 40.00 X 104201 0 16834 MICHAEL R ROBINSON 40.00 X 107370 0 13278 1044836 0 115567 6 0 1 0 SUNGARD HIGHER EDUCATION 2615 COLLECTION CENTER DRIVE CHICAGO IL 60693 IT MAINTENANCE & CONSULTING 152156 ADAMS & REESE LLP 401 9TH ST NW STE 610 S WASHINGTON DC 20004 ATTORNEYS AT LAW 151753 ROEDEL PARSONS KOCH FROST BALHOFF & MCCO 8440 JEFFERSON HWY 301 BR LA 70809 ATTORNEYS AT LAW 118430 3 157386 30188744 9156472 30346130 4222166 -6440 4228606 45552 45552 219609007 209720901 9888106 9888106 9888106 271613 157386 393802 -122189 -122189 153585 69632 83953 83953 FUND MANAGEMENT FEES 541900 1024322 1024322 1024322 45488040 10912428 -6440 4235922 17898965 17898965 937161 534746 402415 3926900 1355488 2571412 221187 77250 143937 525632 205989 319643 275387 110155 165232 113826 113826 58125 58125 203308 203308 1109091 1041725 67366 82007 82007 1036519 813494 121771 101254 438355 409082 29273 166495 144917 21578 574299 529380 11089 33830 22544 12968 9576 62698 62698 3536405 3536405 47452 47452 156618 156618 OFFICIAL UNIV. FUNCTION 1366432 1366432 UNIVERSITY SUPPORT 495354 495354 DEVELOPMENT/PROMOTION 224805 224805 DUES AND SUBSCRIPTIONS 76569 47370 29199 MISCELLANEOUS 17768 17768 33573902 25744453 3695288 4134161 18483726 20368595 27236145 23905580 103628 592088 33934 36980 125272 73562 6585247 1486125 5543418 5099122 300243173 280484874 90982292 176749854 21145886 20606631 463897474 527917286 2620286 2964740 7525000 6900000 2394367 2113400 91506440 103519009 104046093 115497149 X 28830630 31881024 138160732 182380366 192860019 198158747 359851381 412420137 463897474 527917286 X 11914138 40654618 X X 0 1 1 X 0 X 59688977 44566521 20137203 32547466 31370452 188310619 59688977 44566521 20137203 32547466 31370452 188310619 2357636 185952983 15895318 20123225 9312054 5255943 4267718 54854258 243164877 1794339 0.76470 0.71040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63300 4263562 X X X X X COMMUNITY EDUCATIONAL PROGR 1 233568579 11577812 50027252 4939616 290234027 202776443 5975663 38723691 13907218 233568579 271762671 2736124 -59414992 12307360 202776443 0.32000 0.68000 0.00000 0 0 519791 519791 1479752 1439220 40532 4585704 46905 4538799 5099122 CERTIFICATE OF DEPOSIT 395000 F SHORT TERM INVESTMENT FUND 496730 F COMMINGLED FUNDS 109965717 F PRIVATE EQUITY 18733558 F HEDGED FUNDS 47045976 F POOLED INCOME FUND 112873 F 176749854 FUNDS MANAGED FOR OTHER ENTITIES 102980626 OTHER CURRENT LIABILITIES 251860 COMPENSATED ABSENCES PAYABLE 286523 103519009 45488040 33573902 11914138 40654616 2 40654618 52568756 87166978 40654616 1024322 41678938 45488040 0 45488040 34598224 1024322 1024322 33573902 0 33573902 PART III, LINE 4: THE MAIN COLLECTIONS OWNED BY THE LSU FOUNDATION CONSIST OF ARTWORK AND HISTORICAL ITEMS ON DISPLAY AND IN THE CUSTODY OF LSU'S MUSEUM OF ART, A COMPONENT UNIT WHICH FURTHERS THE PUBLIC SERVICE MISSION OF THE UNIVERSITY. THE MUSEUM OF ART'S DIVERSE PERMANENT COLLECTION INCLUDES SIGNIFICANT PORTRAITURE AND DECORATIVE ARTS, NEWCOMB POTTERY, AND CHINESE JADE FROM THE CHI QING DYNASTY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS PROVIDE FINANCIAL SUPPORT IN FURTHERANCE OF THE ACADEMIC AND RESEARCH COMPONENTS OF THE UNIVERSITY'S MISSION, INCLUDING SCHOLARSHIPS, GRADUATE ASSISTANTSHIPS AND FELLOWSHIPS, AND FACULTY CHAIRS AND DISTINGUISHED PROFESSORSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING 2. PART XII, LINE 2D - OTHER ADJUSTMENTS: SERVICE FEES 1,024,322. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SERVICE FEES 1,024,322. IN JUNE 2006, THE FASB ISSUED FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ("FIN 48"), AN INTERPRETATION OF FASB STATEMENT NO. 109. FIN 48 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH SFAS NO. 109, ACCOUNTING FOR INCOME TAXES ("SFAS 109"). FIN 48 CLARIFIES THE APPLICATION OF SFAS 109 BY DEFINING A CRITERION THAT AN INDIVIDUAL TAX POSITION MUST MEET FOR ANY PART OF THE BENEFIT OF THAT POSITION TO BE RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. ADDITIONALLY, FIN 48 PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGEMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS COMPLETED ITS EVALUATION OF THE IMPACT OF THIS STANDARD, AND THE FOUNDATION IS UNAWARE OF ANY TAX POSITIONS THAT WOULD REQUIRE DISCLOSURE. EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 0 EUROPE 0 0 FUNDRAISING 0 MIDDLE EAST AND NORTH AFRICA 0 0 FUNDRAISING 0 NORTH AMERICA 0 0 FUNDRAISING 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FUNDRAISING 0 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 FUNDRAISING 0 SOUTH AMERICA 0 0 FUNDRAISING 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 42209586 0 0 0 0 0 0 42209586 0 42209586 1 0 0 1 1 0 OTHER INFORMATION SCHEDULE F, PART V LSU FOUNDATION RECEIVES DONATIONS FROM DONORS WHO RESIDE IN FOREIGN COUNTRIES. THERE ARE NO EXPENSES ASSOCIATED WITH THESE DONATIONS. THE FOLLOWING IS A LIST OF THE REGION AND THE AMOUNTS RECEIVED FROM EACH REGIONS: 1) EAST ASIA AND THE PACIFIC - $4,716 2) EUROPE - $18,405 3) MIDDLE EAST AND NORTH AFRICA - $20 4) NORTH AMERICA (NOT INCLUDING UNITED STATES) - $1,131 5) CENTRAL AMERICA AND THE CARIBBEAN - $150 6) RUSSIA AND THE NEWLY INDEPENDENT STATES - $120 7) SOUTH AMERICA - $75 FAMILY WEEKEND 49265 49265 24830 63470 GOLF TOURNAMENT 49013 32408 16605 15309 12331 23 330721 124978 205743 16692 93933 167237 428999 157386 271613 16692 134072 243038 393802 -122189 1 LOUISIANA STATE UNIVERSITY 204 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 501(C)(3) 17898965 UNIVERSITY ACADEMIC AND RESEARCH SUPPORT, INCLUDING SCHOLARSHIPS, GRADUATE FELLOWSHIPS AND FACULTY CHAIRS AND PROFESSORSHIPS. 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE LSU FOUNDATION PROVIDES GRANTS OR ASSISTANCE, IN ACCORDANCE WITH ITS STATED MISSION, TO LOUISIANA STATE UNIVERSITY, THE LSU PAUL M. HEBERT LAW CENTER, THE LSU AGRICULTURAL CENTER AND THE LSU SYSTEM OFFICE, IN THE FORM OF REIMBURSEMENTS OF EXPENSES MADE IN SUPPORT OF THE BENEFICIARY PURPOSES FOR WHICH PRIVATE FUNDS WERE CONTRIBUTED TO THE FOUNDATION. THE UNIVERSITY IS PROVIDED WITH THE BALANCE OF FUNDS AVAILABLE IN FOUNDATION ACCOUNTS FOR SPECIFIC RESTRICTED PURPOSES. ON A MONTHLY BASIS, THE UNIVERSITY PROVIDES THE FOUNDATION WITH A REPORT OF THE EXPENSES MADE IN SUPPORT OF THOSE SPECIFIC PURPOSES TO BENEFIT THE UNIVERSITY; ON PRESENTATION OF THIS REPORT, THE FOUNDATION REIMBURSES THOSE EXPENSES AS A GRANT OF ASSISTANCE TO THE UNIVERSITY. THE UNIVERSITY MAKES AVAILABLE TO THE FOUNDATION ALL DOCUMENTATION IN SUPPORT OF INDIVIDUAL ITEMS OF EXPENSE, AND THIS DOCUMENTATION IS ALSO MADE AVAILABLE TO THE FOUNDATION'S EXTERNAL AUDITORS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM G BOWDON 319225 0 0 0 14691 0 17150 0 3329 0 354395 0 0 0 GINA M DUGAS 166355 0 0 0 7879 0 12360 0 5836 0 192430 0 0 0 JEFFERY L MCLAIN 181029 0 0 0 8124 0 13791 0 13809 0 216753 0 0 0 GEORGE T MOSS 128145 0 0 0 7817 0 9851 0 9329 0 155142 0 0 0 LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546398FJ2 2003-04-30 31555000 SEE PART V 0 0 0 12725000 220000 10301523 2203477 2004 0 0 1 1 0 0 0 0 1 0 1 0 0 1 0 SCHEDULE K SUPPLENTAL INFORMATION THE FOUNDATION WAS ONE OF SEVERAL PARTICIPANTS BORROWING THE PROCEEDS OF TAX-EXEMPT REVENUE BONDS TOTALING $31,555,000 ISSUED BY THE LOUISIANA PUBLIC FACILITIES AUTHORITY IN 2003. THE FOUNDATION'S PORTION TOTALED $12,725,000. FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F): DESCRIPTION OF PURPOSE THE LSU FOUNDATION WAS ONE OF SEVERAL PARTICIPANTS BORROWING THE PROCEEDS OF TAX-EXEMPT REVENUE BONDS TOTALLING $31,555,000 ISSUED BY THE LOUISIANA PUBLIC FACILITIES AUTHORITY IN 2003. THE FOUNDATION'S PORTION TOTALED $12,725,000. FORM 990, SCHEDULE K, PART II, LINE 12: OTHER UNSPENT PROCEEDS IN 2007, THE FOUNDATION REPAID UNSPENT FUNDS PLUS EARNINGS ON THOSE FUNDS OF $2,531,958.42. FORM 990, SCHEDULE K, PART IV, LINE 1: ARBITRAGE EXPLANATION PER ARTICLE III, SECTION 3.2 OF THE LOAN AGREEMENT, THE BONDS WILL NOT CONSTITUTE ARBITRAGE BONDS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. FORM 990, SCHEDULE K, PART IV, LINE 5: PROCEEDS INVESTED BEYOND TEMPORARY PERIOD UNSPENT FUNDS WERE HELD SLIGHTLY BEYOND THE 3 YEAR TEMPORARY PERIOD; HOWEVER, THE UNSPENT FUNDS, PLUS INTEREST EARNED ON THOSE FUNDS, WERE REPAID. ROBERT M STUART JR BOARD MEMBER ROBERT M. STUART, JR. IS THE LOUISIANA PRESIDENT OF CAPITAL ONE BANK, WHICH HAS FACILITATED DEBT FINANCING ARRANGEMENTS INVOLVING LSU FOUNDATION. MR. STUART WAS NOT A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS WHEN THE MAJORITY OF THE DEBT FINANCING WAS APPROVED NOR WHEN THE FINANCING ARRANGEMENTS WERE EXECUTED. SOME OF THE DEBT FINANCING DID OCCUR DURING THE TIME MR. STUART WAS BOARD MEMBER; HOWEVER, HE ABSTAINED FROM PARTICIPATING IN ANY DISCUSSIONS OR NEGOTIATIONS SURROUNDING THESE FINANCING ARRANGEMENTS. MR. STUART ALSO ABSTAINED FROM VOTING ON ITEMS RELATED TO SUCH TRANSACTIONS. LSU FOUNDATION PAID APPROXIMATELY $62,698 IN INTEREST TO CAPITAL ONE BANK DURING THE FISCAL YEAR ENDED JUNE 30, 2011. LSU PROPERTY FOUNDATION, A RELATED ENTITY, PAID APPROXIMATELY $158,872 IN INTEREST TO CAPITAL ONE BANK DURING THE FISCAL YEAR ENDED JUNE 30, 2011. 0 X 52 9038685 MARKET PRICE X 3 54487 OPINION OF EXPERTS X 68 63300 OPINION OF EXPERTS 1 0 1 1 THIRD PARTY USE: PART I, LINE 32B: LSU FOUNDATION HIRES THE FOLLOWING TO SELL NON-CASH CONTRIBUTIONS: 1) REAL ESTATE AGENTS - SELL DONATED REAL ESTATE, WHEN APPLICABLE 2) STOCK BROKERS - SELL DONATED STOCK THROUGH BROKERAGE ACCOUNTS 3) AUCTION HOUSES - SELL DONATED ART, WHEN APPLICABLE FORM TD F 90-22.1 REPORTING: FORM 990, PART V, QUESTION 4B LSU FOUNDATION DOES NOT OWN 50% OR MORE OF THE PROFITS OR CAPITAL OF THE FOREIGN PARTNERSHIPS IN WHICH IT IS INVESTED; ALSO, LSU FOUNDATION DOES NOT HAVE SIGNATURE AUTHORITY OVER THE FOREIGN FUNDS; THEREFORE, THE FOUNDATION IS NOT REQUIRED TO FILE FORM TD F 90-22.1 FOR THE FISCAL YEAR ENDED JUNE 30, 2011. FORM 990, PART VI, SECTION A, LINE 2 CHARLES A. LANDRY & ROBERT DAIGLE EACH OWN GREATER THAN 10% OF TRADITIONAL NEIGHBOR CONSULTING, LLC. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION'S BYLAWS WERE AMENDED IN NOVEMBER 2010 TO STATE THAT THE PRESENCE, EITHER IN PERSON OR BY PROXY, OF A MAJORITY OF THE VOTING DIRECTORS SHALL BE NECESSARY TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY MEMBERS OF THE FOUNDATION FORM 990, PART VI, SECTION B, LINE 11 THE CFO REVIEWS THE FORM 990 WITH THE AUDIT COMMITTEE. THE CFO PROVIDES A COPY OF THE FORM 990 TO THE ENTIRE BOARD OF DIRECTORS AND SEEKS COMMENT AND FEEDBACK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS COMPLETE A DISCLOSURE STATEMENT QUESTIONNAIRE ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO PROVIDE INFORMATION ON ENTITIES FOR WHICH THEY ARE BOARD MEMBERS, PARTNERS, OFFICERS, OR PRINCIPAL OWNERS. THE FOUNDATION LEGAL COUNSEL REVIEWS SUCH DISCLOSURE STATEMENTS FOR IDENTIFICATION OF POTENTIAL CONFLICTS. ALSO, PRIOR TO EXECUTION OF ALL CONTRACTS, THE FOUNDATION REQUIRES THE VENDOR TO COMPLETE A DISCLOSURE STATEMENT LISTING THE PRINCIPALS FOR THE CONTRACT. THESE VENDOR DISCLOSURE STATEMENTS ARE COMPARED BY THE LEGAL OFFICE TO THE DISCLOSURES PROVIDED BY BOARD MEMBERS AND OFFICERS AND REVIEWED BY THE LEGAL OFFICE TO DETERMINE IF ANY POTENTIAL CONFLICTS OF INTEREST EXIST. LEGAL COUNSEL SHALL ADDRESS ANY CONCERNS BROUGHT TO HIM BY THE LEGAL OFFICE REGARDING POTENTIAL CONFLICTS OF INTEREST WITH THE BOARD OF DIRECTORS. ADDITIONALLY, THE BOARD PERIODICALLY PERFORMS A DETAILED REVIEW OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION GATHERED EXTERNAL, INDEPENDENT SALARY SURVEYS OF EXECUTIVE COMPENSATION FOR RELEVANT PEER GROUPS. THE FOUNDATION'S EXECUTIVE COMMITTEE REVIEWED AND DISCUSSED THE SURVEYS DURING EXECUTIVE SESSION IN CONJUNCTION WITH AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS. THE EXECUTIVE COMMITTEE MINUTES REFLECT THE PROCESS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE FILED WITH THE LOUISIANA SECRETARY OF STATE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 40,654,616. ROUNDING 2. TOTAL TO FORM 990, PART XI, LINE 5: 40,654,618. FORM 990, PART XII, QUESTION 2C: THE LSU FOUNDATION HAS AN AUDIT COMMITTEE OF THE BOARD OF DIRECTORS WHICH IS RESPONSIBLE FOR THE OVERSIGHT OF THE EXTERNAL INDEPENDENT AUDIT, AS WELL AS THE SELECTION OF THE AUDITORS. LSU PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 721295979 FOSTER SUPPORT VIA GIFTS OF REAL ESTATE & EQUIP. FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 5 N/A 0 LSU MARINE PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 710865718 FOSTER SUPPORT VIA GIFTS OF MARINE VESSELS FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LSU PROPERTY FOUNDATION B 3536405 CASH LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION M 0 LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION N 0 LSU PROPERTY FOUNDATION D 6900000 LOAN VALUE