2012-05-10T12:41:22-07:00 2011-06-30 990 2010-07-01 237394620 UNIVERSITY OF ALASKA FOUNDATION UNIV 9074508122 PO Box 755120 Fairbanks AK 997755120 Jim Lynch 9074508121 2012-05-10 2010 2016-02-24 21:20:13Z Jim Lynch PO Box 755120 Fairbanks AK 997755120 44798841 0 X http://www.alaska.edu/foundation X 1974 AK The mission of the University of Alaska Foundation is to seek, secure, and steward philanthropic support to build excellence at the University of Alaska. 27 23 0 0 73441 0 16834492 16672350 569227 615538 2442521 3691919 -13795 -32792 19832445 20947015 13245937 13534839 0 0 0 0 0 0 542599 2734564 2877482 15980501 16412321 3851944 4534694 172034720 193063352 3151076 3062975 168883644 190000377 The mission of the University of Alaska Foundation is to seek, secure and steward philanthropic support to build excellence at the University of Alaska. 0 0 13534839 13534839 0 The Foundation works in partnership with the University of Alaska's campus development offices to increase private support of programs and projects that are important to the University's 16 campuses, and to Alaska. Foundation staff support and serve the campus development staff in identifying, cultivating, soliciting, closing and stewarding private gifts. The Foundation solely manages the funds entrusted to it for the benefit of the University. In addition, the Foundation manages the investable assets of the University's Land Grant Trust Fund. The Foundation is responsible for gift acceptance, gift investment, and gift disbursement to the University. Great care is taken to ensure gifts are used in accordance with donors' wishes. More than 1450 separate named and endowed funds are managed and invested for the benefit of the University. In 2011, the Foundation distributed $13.5 million for the benefit of the University. Included in this amount was $2.8 million distributed for more than 1884 scholarships awarded by the University of Alaska. 0 0 0 13534839 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 22 0 1 0 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 27 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK X X James Lynch 9074508030 910 Yukon Drive Suite 206 Fairbanks AK 99775 X Susan Anderson 0.38 X 0 0 0 Alison Browne 0.1 X 0 0 0 Leo Bustad 1.04 X 0 0 0 Lorali Carter 0.38 X 0 0 0 Tom Case 0.38 X 0 0 0 Theodore Fathauer 0.58 X 0 0 0 Pat Gamble 0.25 X 0 191319 96902 Gregory Gursey 0.92 X 0 0 0 Mary Hughes 0.54 X 0 0 0 John Hughes 0 X 0 0 0 Thomas Jensen 0 X 0 0 0 Wendy King 0.37 X 0 0 0 Betsy Lawer 0 X 0 0 0 William MacKay 0.58 X 0 0 0 Bob Mitchell 1.53 X 0 0 0 Richard Mystrom 0 X 0 0 0 Ann Parrish 0.73 X 0 0 0 Karen Polley 0.38 X 0 0 0 Mike Powers 0.19 X 0 0 0 John Pugh 0.58 X 0 210383 19457 Brian Rogers 0.38 X 0 269289 107145 Grace Schaible 0 X 0 0 0 Melody Schneider 0.96 X 0 0 0 Arliss Sturgulewski 0.73 X 0 0 0 Frances Ulmer 0 X 0 259856 33985 Carolyne Wallace 0.54 X 0 0 0 Kirk Wickersham 0.58 X 0 0 0 Eric Wohlforth 1.26 X X 0 0 0 Carla Beam 1.06 X X 0 0 0 Mike Felix 1.1 X X 0 0 0 Jo Michalski 0.63 X X 0 0 0 Mary Rutherford 30 X 0 152645 39980 James Lynch 16 X 0 135536 19923 Tamera Weaver 30 X 0 108835 20797 David Woodley 40 X 0 126911 22401 0 1454774 360590 0 0 1 0 Callan Associates Inc 101 California Street Suite 3500 San Francisco CA 94111 Investment Mgmt Services 107000 James L Fisher dba James L Fisher Ltd 3254 Meadow Run Drive Venice FL 34293 Institutional Review 210435 University of Alaska PO Box 756540 Fairbanks AK 997756540 Procurement of Staff 2077877 3 0 51934 289389 890000 0 15441027 248310 16672350 Associated Entity Service Fee 523920 597340 597340 0 0 Membership Revenue 900099 9020 9020 0 0 Student Investment Fund 523920 9178 9178 0 0 0 0 0 0 615538 2596734 0 220415 2376319 0 0 0 0 732 0 0 732 0 0 0 0 0 0 0 0 0 0 25695193 -946831 23648781 4396 2046412 -951227 1095185 0 -146974 1242159 159699 289389 197380 -37681 0 -37681 5000 891 4109 0 0 4109 426 378 48 48 0 0 0 20947015 615586 73441 3585638 13534839 13534839 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 423164 0 363370 59794 0 0 0 0 496983 0 496983 0 0 0 0 0 0 0 202759 0 202759 0 1258493 0 902843 355650 1000 0 0 1000 111508 0 62096 49412 93554 0 83170 10384 15 0 15 0 61286 0 43670 17616 107379 0 86997 20382 0 0 0 0 20885 0 20475 410 0 0 0 0 0 0 0 0 0 0 0 0 8771 0 8771 0 Tuition/Registration 18679 0 11269 7410 Catering/Decor 8180 0 4191 3989 Subscription/Books 5638 0 3379 2259 Dues/Memberships 10335 0 4902 5433 Uncollectible Pledges 39993 0 39993 0 8860 0 0 8860 16412321 13534839 2334883 542599 0 0 48696728 30648317 13495945 13333204 9772 777 0 0 0 0 889186 1128935 39230 38852 0 0 0 62493689 118414585 45420520 28338574 464060 655793 0 0 525590 504315 172034720 193063352 303283 299841 1436809 1480394 0 0 0 0 0 0 0 0 1410984 1282740 0 0 0 0 3151076 3062975 X 33832417 23424191 62741974 79551909 72309253 87024277 168883644 190000377 172034720 193063352 X 4534694 16582039 X 0 1 1 X 0 X 20870452 29971488 31195455 16834492 16672350 115544237 0 0 0 0 0 0 43337 45504 47780 54980 54980 246581 20913789 30016992 31243235 16889472 16727330 115790818 37948925 77841893 4003014 3631696 2269150 2114529 2597466 14615855 -23515 -95 -70881 -117527 73441 -138577 0 0 0 0 0 0 130268096 3082158 0.59755 0.56050 X Schedule A, Part 1, Lines 5 and 7 - The Foundation qualifies for Public Charity Status by virtue of both fitting 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (in the latter case, with a public support percentage of 33.33% or greater). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 16412321 16412321 970616 242654 0 0 1000000 1000000 949025 970616 3919641 5879462 4112 0 0 0 4112 250000 250000 237256 242654 979910 1469865 0 0 0 0 0 112815560 14467562 19335170 3313940 0 1093982 142210370 92958433 14541688 8021776 1781961 0 924376 112815560 116479674 13351507 -27400698 4302142 3881270 1288638 92958433 0.23 0.77 0 0 0 0 0 Hedged Funds 9212860 F Real Estate 284462 F Natural Resources Private Equity 3541524 F Venture Capital Private Equity 2486036 F Private Equity 9110867 F Distressed Debt 1762586 F Mezzanine Financing 965547 F Commodities 974692 F 28338574 0 0 20947015 16412321 4534694 16283206 0 0 0 307828 16591034 21125728 37487706 16283206 0 0 267835 16551041 20936665 202759 -192409 10350 20947015 16361978 0 0 0 192409 192409 16169569 202759 39993 242752 16412321 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Earnings on endowments are used to support the University of Alaska as specified by our donors including, but not limited to, scholarships, fellowships, professorships and department support. The University of Alaska and the Foundation are invested jointly in the Consolidated Endowment Fund. The University has 49% ownership and the Foundation has 51% ownership. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The foundation is an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is generally not subject to federal income taxes. Contributions to the foundation are deductible for tax purposes by the donor, subject to the normal limitations imposed by the taxing authorities. However, the foundation is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded from any unrelated trade or business. In the opinion of management any unrelated business income tax would be immaterial to the basic financial statements taken as a whole. The foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Annual actuarial adjustment calculated on the charitable remainder trust liability $298,833. Land and building proceeds for $8,995. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Loss on pledges was reclassified to bad debt expense for <39,993>. Adjustment of remainder trust liability was reclassified to adjustment of fund balance for 298,833. Land and Building proceeds for 8,995. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Event expenses were included in the revenue section for <198,270>. Cost of goods sold were reported in the revenue section for <378>. Event expenses from outside sources were posted to increase revenue and expenses for 6,239. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct event expenses were reported in the revenue section for <192,031>. Cost of goods sold was reported in the revenue section of <378>. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Loss on pledges was reclassified to uncollectible pledge expense for 39,993. Central America and the Caribbean 0 0 Investments None 8950830 0 0 8950830 1 0 0 1 1 0 Dinner/Auction 92930 71320 21610 0 0 0 13755 200 14108 Dinner 83563 53663 29900 0 0 0 16417 560 38518 7 163823 68961 94862 500 0 5650 36938 2775 54920 340316 193944 146372 500 0 5650 67110 3535 107546 184341 -37969 1 University of Alaska PO Box 755000 Fairbanks AK 997755000 926000147 115 13422133 112706 FMV on date property received Airline vouchers and auction items. Scholarship and other Departmental Support for the University Programs. 0 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All grant funds provided to the university are required to include appropriate documentation providing details on expenditures, including authorized signature authority, and is reviewed for compliance with donor intentions. All scholarship requests are monitored by review of the criteria related to the scholarship, which provides assurance that the recipient meets eligibility requirements. Student progress is monitored to assure continued compliance with established criteria. X X X 0 0 0 0 0 0 0 0 0 Pat Gamble 0 160521 0 0 0 30797 0 23434 0 73830 0 288582 0 0 John Pugh 0 206275 0 0 0 4108 0 3213 0 16425 0 230021 0 0 Brian Rogers 0 259449 0 0 0 9840 0 33985 0 73999 0 377273 0 0 Frances Ulmer 0 248000 0 0 0 11857 0 33985 0 181 0 294023 0 0 Mary Rutherford 0 152525 0 0 0 120 0 22874 0 17528 0 193047 0 0 James Lynch 0 132814 0 0 0 2722 0 19924 0 412 0 155872 0 0 X 1 6210 Market valuation X 6 130872 Average Hi/Low X Airline tickets 1 55860 Average ticket value X Various auction items 183 55368 FMV at date of donation 0 0 1 0 SchM_P01_S00_L00 Schedule M, Part I Our organization is reporting the number of contributions received. F990_P06_S0A_L01a Form 990, Part VI, Section A, Line 1a The Executive Committee consists of no more than 6 members, who are also members of the governing body. The committee acts only during intervals between meetings of the Board of Trustees and may exercise all of the authority and powers of the Board of Trustees in the management of the affairs of the Foundation, with the exception that they may not amend the Bylaws. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Mary and John Hughes have a family relationship as well as a business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Accounting Manager prepares a detailed preliminary review of the Form 990 for the Foundation President, Treasurer, and Chief Investment Officer. At this meeting the staff will resolve issues and define key components of this filing. A full comprehensive review is performed by a paid consultant prior to the final executive summary presentation made to the Finance and Audit Committee during a regularly scheduled meeting. All trustees are invited to this presentation, and full copies of the Form 990 are posted and available for review on a secure section of the Foundation's website. In addition, the Form 990 is made available at the University of Alaska Foundation website within 10 days of filing, which is accessible by all board members as well as the general public. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The University of Alaska Foundation has a Conflict of Interest Policy which applies to board members, all committees, subcommittees, officers, employees and volunteers having board-delegated powers. This policy is distributed annually and each recipient reviews the policy, signs it and returns it to the Board Coordinator indicating either no conflicts or disclosing any existing or foreseeable conflicts. Any disclosures are then forwarded to the Executive Committee for review and action. The policy provides that potential conflicts are to be disclosed to the board, committee, officer or supervisor as soon as practicable after becoming aware of a potential conflict. If a conflict is disclosed in a meeting, the person of interest is asked to leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict. If appropriate, another person or committee may be appointed to investigate alternatives to the proposed transaction or arrangement. The nature of the potential conflict, the determination by the board or committee, and the details of any votes taken are documented in the minutes of the meeting. Any person violating the Conflict of Interest Policy shall be subject to appropriate discipline, including dismissal or removal from office. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President of the University of Alaska Foundation also carries the title of Chief Development Officer for the University of Alaska, and as such, compensation is determined in conjunction with University. In determining compensation for this individual, the Vice President of University Relations at the University of Alaska collects market survey data and recommends a salary range. The compensation for this position is based on data from the College and University Professional Association for Human Resources (CUPA-HR). Additional resources include data from the Council for the Advancement and Support of Education, and The Association of Governing Boards for Colleges and Universities. The Vice President of University Relations reviews the compensation package on an annual basis to determine any adjustments that should be made, and the entire package is reviewed by the President of the University. The Board of Trustees for the Foundation demonstrated approval when passing the operating budget for the year on June 2, 2010, which is substantiated in the minutes of the meeting. The Chief Investment Officer for the Foundation is also an employee of the University of Alaska, with compensation for this individual falling under the university compensation policies. Salary for this position is based on duties and responsibilities for the position that relate to the University of Alaska as well as those for the Foundation. Compensation for this position is based on data from the College and University Professional Association for Human Resources (CUPA-HR), and is reviewed on an annual basis. Compensation for the CIO was approved when the operating budget was approved at the regularly scheduled meeting on June 2, 2010. The Treasurer for the Foundation is also an employee of the University of Alaska and holds the title Associate Vice President for Finance. He receives no compensation from the Foundation, and his salary structure falls under university policies, with an annual review. Compensation for this officer is not approved by the Board of Trustees since this individual is not compensated by the University of Alaska Foundation. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The articles of incorporation and financial statements are available to the general public on the Foundation website, www.alaska.edu/foundation. The conflict of interest policy is available to the general public upon request. F990_P07_S0A_L01b Form 990, Part VII, Section A, Line 1b The following individuals are full time employees of the University of Alaska: Pat Gamble, Brian Rogers, Fran Ulmer, John Pugh, Mary Rutherford, Jim Lynch , Tamera Weaver and David Woodley. Pat Gamble, Brian Rogers, Fran Ulmer, and John Pugh work at least 40 hours per week in their capacity as president or chancellor of the institution. Mary Rutherford and Tamera Weaver provide services to the university for a minimum of 10 hours per week. Jim Lynch provides services to the university for a minimum of 24 hours per week. David Woodley is an adjunct instructor for the university in addition to serving in a full time capacity for the foundation. F990_P11_S00_L05 Form 990, Part XI, Line 5 Actuarial adjustment of remainder trust liability was reclassified to adjustment of fund balance for $298,833. Unrealized gain on investments was reclassified to adjustment of fund balance for $16,283,206. SchB_P01_S00_L00 Schedule B, Part I On Schedule A Part I the Foundation qualifies for Public Charity Status by definition on line 5. This organization also meets the basis for a non-private Foundation classification under section 170(b)(1)(A)(vi) which allows us to meet the 2% of the amount on Part VII, line 1h threshold for reporting. University of Alaska PO Box 756540 Fairbanks AK 997756540 926000147 Education through teaching, research AK Govt N/A 0 U of A Land and Buildings PO Box 755120 910 Yukon Drive Fairbanks AK 997755120 943126737 Holds title to real property AK 501 (c) (2) N/A 1 William P Johnson Unitrust 207 Butrovich Building Fairbanks AK 99775 926019892 Charitable Remainder AK N/A T 0 46427 0.61 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 SchR_P02_S00_L00 Schedule R, Part II The University of Alaska does not meet the definition of a 'related organization' for required reporting on Form 990, Schedule R. Although the University is supported by the University of Alaska Foundation, the Foundation is a public charity under Section 170(b)(1)(A)(iv) rather than under Section 509(a)(3). The University of Alaska Foundation is voluntarily reporting data upon Form 990 Part VII and Schedule R as though there were a 509(a)(3) supporting/supported relationship in place with the University because management believes that donors and other readers of the Form 990 have an expectation that this information will be included on this Form 990.