2012-12-11T11:04:21-06:00 2012-06-30 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 021101772 990 2011-07-01 980477422 THE CHINESE UNIVERSITY OF HONG KONG FOUNDATION INC CHIN 6174267080 C/O GMA FOUNDATIONS 77 SUMMER ST NO 800 BOSTON MA 021101006 TERENCE CW CHAN 6174267080 2012-12-10 1 ALFONSO PERILLO P00950491 6172276161 2012-12-10 2011 2016-02-24 21:20:13Z CHIEN LEE C/O GMA FOUNDATIONS 77 SUMMER ST NO 800 BOSTON MA 021101006 5262566 0 X N/A X 2005 MA TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 4 4 0 0 0 0 3122400 478173 0 0 59849 669846 0 0 3182249 1148019 3095256 280477 0 0 0 0 0 0 0 29886 31613 3125142 312090 57107 835929 5264229 5654257 17306 14310 5246923 5639947 TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 0 0 280477 280477 TO PROVIDE SUPPORT FOR THE ACTIVITIES AND THE BENEFIT OF THE CHINESE UNIVERSITY OF HONG KONG. 280477 1 1 0 0 0 0 0 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MA NY CT CA NJ IL X GMA FOUNDATIONS 6174267080 77 SUMMER STREET 8TH FLOOR BOSTON MA 021101006 X SHING-TUNG YAU 1.00 X 0 0 0 CHIEN LEE 1.00 X X 0 0 0 BENJAMIN W WAH 1.00 X X 0 0 0 JOSEPH JY SUNG 1.00 X 0 0 0 TERENCE C W CHAN 1.00 X 0 0 0 0 0 0 0 0 0 0 0 478173 478173 63182 63182 4721211 4114547 606664 606664 606664 1148019 0 0 669846 280477 280477 226 226 21609 21609 1035 1035 4150 4150 FILING FEES 3915 3915 CREDIT CARD MERCHANT FE 628 628 BANK SERVICE CHARGES 50 50 312090 280477 31613 0 40253 19098 46970 271927 188849 2594 2594 4544412 4541789 630000 630000 5264229 5654257 17306 14310 17306 14310 X 5245098 5180881 1825 459066 5246923 5639947 5264229 5654257 X 835929 -442905 X 0 1 0 X 0 X 538843 660228 357850 622400 478173 2657494 538843 660228 357850 622400 478173 2657494 1359897 1297597 2809 28005 86263 69779 63182 250038 2907532 0.44630 0.82770 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: TO SUPPORT THE ACTIVITIES OF THE CHINESE UNIVERSITY OF HONG KONG DATE: 02/26/09 AMOUNT: 5140988. TO SUPPORT THE ACTIVITIES OF THE CHINESE UNIVERSITY OF HONG KONG DATE: 01/28/11 AMOUNT: 2500000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 630000 X 0 4576393 478073 226866 21178 259299 5000855 4844552 122300 204798 160125 435132 4576393 7828797 357750 328938 2946624 724309 4844552 2094376 5657483 76938 7828797 0.90820 0.00000 0.09180 0 0 0 WORKS OF ART 130000 HISTORICAL TREASURE 500000 630000 1148019 312090 835929 -442905 -442905 393024 705114 -442905 -442905 1148019 0 1148019 312090 0 312090 0 312090 PART III, LINE 4: THE FOUNDATION'S WORKS OF ART ARE COMPRISED OF FOUR PAINTINGS THAT WERE DONATED TO THE FOUNDATION IN 2008. THE HISTORICAL TREASURE IS AN ANCIENT CHINESE BRONZE BASIN THAT WAS DONATED IN 2011. THE PAINTINGS AND ANCIENT CHINESE BRONZE BASIN WERE SUBSEQUENTLY LOANED TO THE UNIVERSITY AND ARE DISPLAYED AT THE UNIVERSITY'S ART MUSEUM. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS WERE AVAILABLE FOR THE FOLLOWING PURPOSES AT JUNE 30, 2012: LEUNG YEUK LAM FUND $ 30,037 HOP WAI ARTS & CULTUREAL DEVELOPMENT PROJECT $130,160 INTERNATIONAL RHINOLOGY INNOVATIVE SYMPOSIUM 2012 PROJECT $188,849 CHIU CHIN YIN FUND $ 70,086 OTHER PROGRAMS $ 39,934 TOTAL TEMPORARILY RESTRICTED NET ASSETS $459,066 BOARD DESIGNATED NET ASSETS ARE COMPOSED OF RESOURCES THAT HAVE BEEN EARMARKED FOR RESEARCH PROJECTS UNDERTAKEN BY THE UNIVERSITY'S INSTITUTE OF CHINESE MEDICINE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS TAKEN ON RETURNS FOR OPEN YEARS AND THOSE EXPECTED TO BE TAKEN ON RETURNS FOR THE YEAR ENDED JUNE 30, 2012. IT IS MANAGEMENT'S BELIEF THAT SUCH TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. ACCORDINGLY, NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. TAX RETURNS FOR TAX YEARS BEGINNING WITH THOSE FILED FOR FISCAL YEAR ENDED JUNE 30, 2009 ARE OPEN TO EXAMINATION. 1 EAST ASIA AND THE PACIFIC - 0 0 GRANTMAKING TO THE CHINESE UNIVERSITY OF HONG KONG N/A 280477 0 0 0 0 0 0 280477 0 280477 EAST ASIA AND THE PACIFIC SUPPORT THE ACTIVITIES OF THE CHINESE UNIVERSITY OF HONG KONG. 280477 CHECK N/A N/A 1 0 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE ORGANIZATION ACTS AS A "FRIENDS OF" ORGANIZATION THAT SUPPORTS THE CHINESE UNIVERSITY OF HONG KONG, WHICH IS A FOREIGN UNIVERSITY. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE FOUNDATION USES THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH U.S. GAAP TO ACCOUNT FOR ITS EXPENDITURES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS ONLY 4 BOARD MEMBERS THEREFORE THERE ARE NO SUCH COMMITTEES. ALL DECISIONS ARE MADE AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11 WHEN EDELSTEIN & COMPANY, THE AUDITOR OF THE FOUNDATION, HAS COMPLETED THE FORM 990, THE COMPLETED FORM WILL BE SENT TO GMA AND THE FOUNDATION'S CLERK TO CHECK THE ACCURACY OF THE FIGURES AND CORRECTNESS OF INFORMATION. THE CLERK WILL THEN DISTRIBUTE THE COMPLETED FORM TO THE CHAIRMAN OF THE BOARD FOR REVIEW AND SIGNATURE ON BEHALF OF THE BOARD OF DIRECTORS BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS ADOPTED A POLICY ON CONFLICTS OF INTEREST SETTING FORTH STANDARDS OF CONDUCT EXPECTED BY THE DIRECTORS AND OFFICERS OF THE FOUNDATION. THE FOUNDATION ALSO DEFINES THE ACTIVITIES THAT MAY GIVE RISE TO A POSSIBLE CONFLICT OF INTEREST AND REMINDS EACH AND EVERY DIRECTOR AND OFFICER ACCORDINGLY. EACH DIRECTOR OR OFFICER IS REQUESTED TO CONFIRM COMPLIANCE OF THIS POLICY BY SIGNING A STATEMENT ANNUALLY. THE BOARD OF DIRECTORS IS THE GOVERNING BODY TO ASSESS AND DECIDE IF A CONFLICT OF INTEREST EXISTS. SO FAR, THE BOARD HAS NOT DISCOVERED ANY TRANSACTIONS THAT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -442,905.