2012-03-01T11:56:32-06:00 2011-06-30 KPMG LLP 755 MAIN STREET HARTFORD CT 06103 990 2010-07-01 141503972 UNIVERSITY AT ALBANY FOUNDATION UNIV 5184375090 1400 WASHINGTON AVENUE ROOM/SUITE UAB226 ALBANY NY 12222 FARDIN SANAI 5184375090 2012-02-13 true KOENRAAD VREDEVELD 8605223200 2012-03-01 2010 2016-02-24 21:20:13Z FARDIN SANAI EXECUTIVE DIRECTOR 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 27119570 false X WWW.ALBANY.EDU/UAFOUNDATION X 1967 NY THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. 35 32 149 17271 14363 6350581 4998070 338175 361509 -714892 1076632 -1380843 -1053921 4593021 5382290 539690 591359 0 977348 992638 0 434118 2098116 2943524 3615154 4527521 977867 854769 104282640 108800134 12849081 11922934 91433559 96877200 X THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. false false 2724416 591359 390366 HIGHER EDUCATION PROGRAM - ADMINISTER FUNDS FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE UNIVERSITY AT ALBANY, SUNY, ITS STUDENTS, FACULTY, STAFF AND ALUMNI. SCHOLARSHIP SUPPORT WAS PROVIDED TO OVER 500 STUDENTS. 2724416 true true false false false false false true false true true true false false true false false true false false true false false false true false false true true true true false false false false false false false false false true true false false false false true true true true false true X 150 0 true 149 true true true true CJ false false false true true false false false false false false X 35 32 true false false false true true false true true false false true true true true true true true true false NY X X JEFFREY JONES 5184375090 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 FARDIN SANAI 37.50 X X 9415 0 0 GEORGE PHILIP 37.50 X 3078 0 0 GEORGE HEARST III X X 0 0 0 MORRIS MASSRY X X 0 0 0 DANIEL HOGARTY JR X X 0 0 0 MEG PICOTTE MACCLARENCE X X 0 0 0 NOLAN ALTMAN X 0 0 0 NICHOLAS ANACREONTE X 0 0 0 THEODORE ANDERSON III X 0 0 0 JEFFREY BLACK X 0 0 0 PETER BULGER X 0 0 0 MICHAEL CASTELLANA X 0 0 0 KENNETH DEMERJIAN X 0 0 0 EDWARD DEMSKE X 0 0 0 ELDA DI RE X 0 0 0 CARL FLORIO X 0 0 0 RICHARD GREEN X 0 0 0 GARY JACOBSON X 0 0 0 ALAIN KALOYEROS X 0 0 0 SHARON KANTOR X 0 0 0 JEFFREY MISHKIN X 0 0 0 JOHN NAUMANN X 0 0 0 JOAN ROSENTHAL X 0 0 0 ROBERT SCHWARTZ X 0 0 0 THOMAS SELFRIDGE X 0 0 0 SUSAN SHIPHERD X 0 0 0 BRIAN STRAUGHTER X 0 0 0 EDWARD SWYER X 0 0 0 VIJAY VAIDYANATHAN X 0 0 0 JACOB WALTHOUR JR X 0 0 0 EVAN ZAHN X 0 0 0 EMAD ZIKRY X 0 0 0 STEPHEN BEDITZ X 0 0 0 CANON KAY HOTALING X 0 0 0 DONALD PUTTERMAN X 0 0 0 JEFFREY JONES 37.50 X 142221 0 15448 154714 15448 1 false true false ARAMARK FACILITY SERVICES CORP 24818 NETWORK PLACE CHICAGO IL 60673 FACILITY MGMT 2476589 PICOTTE MANAGEMENT CO 20 CORPORATE BLVD SUITE 600 ALBANY NY 12211 FACILITY MGMT 315122 BBL CONSTRUCTION SERVICES LLC 302 WASHINGTON AVE EXT ALBANY NY 12212 CONSTRUCTION 192101 3 217567 44905 4735598 283884 4998070 PROGRAM ACTIVITIES 361509 361509 361509 668420 17271 651149 28857 28857 8385109 9467887 -1082778 -1082778 -1082778 12564986 12156774 408212 408212 408212 112619 217567 112619 5382290 17271 366949 104397 104397 486962 486962 174593 3186 161025 10382 653672 260420 209792 183460 41398 11778 19958 9662 47288 11361 28953 6974 75687 24349 33157 18181 2694 2694 104801 104801 301653 253745 36855 11053 15846 15846 216504 210764 142 5598 30164 26433 2091 1640 740 740 18707 18707 PROPERTY CONVEYED 741532 741532 AWARDS 339865 339865 MEALS AND ENTERTAINMENT 321971 321971 SUPPLIES AND SERVICES 258414 224790 8397 25227 COMPUTER SUPPLIES AND SER 122734 122734 467899 305815 143 161941 4527521 2724416 1368987 434118 6623900 8082238 3954659 3688558 282714 122198 457335 345285 76799084 19839287 60087360 56959797 18410713 28552687 12323659 8904071 2142300 2145300 104282640 108800134 1125082 1013736 8319262 7922230 1451227 1132936 912554 783312 1040956 1070720 12849081 11922934 X 56276749 55234462 8254982 10864446 26901828 30778292 91433559 96877200 104282640 108800134 X 854769 4588872 X false true true X false X 9392956 6318395 4529068 6350581 4998070 31589070 9392956 6318395 4529068 6350581 4998070 31589070 31589070 7347210 7827316 9028250 8255530 9065115 41523421 14363 14363 112619 112619 73239473 1447616 0.43130 0.47680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false 2145300 X X X false false false 29523196 1793821 4990344 395965 457837 35453559 24764327 2679372 2781043 344597 356949 29523196 26781516 3838833 -5259539 361786 234697 24764327 0.13190 0.86810 false false false 1923713 1923713 73728270 18928810 54799460 1127901 910477 217424 19200 19200 56959797 LIMITED PARTNERSHIPS 8716720 F BENEFICIAL INTEREST TRUSTS 187351 F FIXED INCOME FUNDS F 8904071 ASSET RETIREMENT OBLIGATION 905500 CONSTRUCTION COSTS PAYABLE 98747 DISCOUNT FOR FUTURE INTEREST 66473 1070720 5382290 4527521 854769 5116231 57639 5173870 6028639 20038685 5116231 63920 5180151 14858534 104801 -9581045 -9476244 5382290 14010046 9587326 9587326 4422720 104801 104801 4527521 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 THE FOUNDATION'S ART AND HISTORICAL COLLECTION CONSISTS OF PAINTINGS, PHOTOGRAPHS, BOOKS, HISTORICAL PAPERS AND MEDIA. THE COLLECTION ADDS TO THE SCHOLARLY RESOURCES AND EXHIBITS AVAILABLE AT THE UNIVERSITY AT ALBANY'S ART MUSEUM AND LIBRARIES FOR THE BENEFIT OF ITS STUDENTS AND FACULTY. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 CONSOLIDATED ENTITY ACTIVITY - UABDC 63,920 RENTAL REAL ESTATE EXPENSES 9,467,887 PROVISION FOR UNCOLLECTIBLE PLEDGES 539 DIRECT EXPENSES FOR FUNDRAISING EVENTS 112,619 RENTAL REAL ESTATE EXPENSES -9,467,887 DIRECT EXPENSES FOR FUNDRAISING EVENTS -112,619 PROVISION FOR UNCOLLECTIBLE PLEDGES -539 CONSOLIDATED ENTITY ACTIVITY - UABDC -6,281 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D CONSOLIDATED ENTITY ACTIVITY - UABDC 63,920 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL REAL ESTATE EXPENSES -9,467,887 PROVISION FOR UNCOLLECTIBLE PLEDGES -539 DIRECT EXPENSES FOR FUNDRAISING EVENTS -112,619 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D RENTAL REAL ESTATE EXPENSES 9,467,887 DIRECT EXPENSES FOR FUNDRAISING EVENTS 112,619 PROVISION FOR UNCOLLECTIBLE PLEDGES 539 CONSOLIDATED ENTITY ACTIVITY - UABDC 6,281 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV PART XI, LINE 8 - RECONCILIATION OF CHANGES - OTHER: THE FINANCIAL STATEMENTS INCLUDE THE NET ACTIVITY OF THE CONSOLIDATED ENTITY - UABDC IN THE AMOUNT OF 57,639. false PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PAGE 1, PART I, LINE 2 THE UNIVERSITY AT ALBANY FOUNDATION DOES NOT ISSUE GRANTS OR ASSISTANCE OUTSIDE THE UNITED STATES. SCHEDULE F IS FILED SOLELY TO DISCLOSE THE FOUNDATION'S ANSWERS TO PART IV. CITIZEN LAUREAT 168659 129170 39489 970 35994 2525 ATHLETICS GOLF 119066 60273 58793 133 53748 1902 3010 1 42461 28124 14337 5211 6126 3000 330186 217567 112619 1103 94953 8028 8535 112619 true ALBANY COLLEGE INTERFAITH CENTER UNIVERSITY AT ALBANY CHAPEL HOUSE ALBANY NY 12222 141710033 3 10000 GENERAL SUPPORT STATE UNIV OF NEW YORK AT ALBANY 1400 WASHINGTON AVE ALBANY NY 12222 147400260 GOV 94397 FMV EQUIPMENT EQUIP CONTRIBUTION 2 SCHOLARSHIPS 500 481962 HOUSING 1 5000 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION'S PURPOSE IS TO SUPPORT THE STATE UNIVERSITY OF NEW YORK AT ALBANY (UNIVERSITY), ITS STUDENTS, FACULTY, AND OTHER ORGANIZATIONS WHO PROVIDE ASSISTANCE TO THE UNIVERSITY. NO SUPPORT IS GIVEN BY THE FOUNDATION TO ANY INDIVIDUAL OR ORGANIZATION WHO IS NOT THE UNIVERSITY, A STUDENT OR FACULTY OF THE UNIVERSITY, OR AN ORGANIZATION WHO DOES NOT PROVIDE ASSISTANCE TO THE UNIVERSITY. SCHOLARSHIP RECIPIENTS ARE MONITORED EACH SEMESTER BY THE UNIVERSITY'S FINANCIAL AID OFFICE FOR COMPLIANCE WITH FOUNDATION, STATE AND FEDERAL REQUIREMENTS. ALL GRANT FUNDS ARE USED IN THE UNITED STATES. X true true X false false false false false false false false false JEFFREY JONES 142221 14204 1244 157669 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A THE FOUNDATION PAID SOCIAL CLUB DUES FOR FARDIN SANAI (EXECUTIVE DIRECTOR) AND GEORGE PHILIP (DIRECTOR). THE DUES HAVE BEEN REPORTED AS TAXABLE COMPENSATION. RENSSELAER COUNTY IDA 141614433 2003-12-30 3215000 CANCER RESEARCH CENTER false false false RENSSELAER COUNTY IDA 141614433 2004-03-03 6785000 CANCER RESEARCH CENTER false false false 3215000 64300 3150700 2006 false false true true 6785000 107190 6677810 2006 false false true true false false false false false true false false false false false true false false false false false false false false false false false false MEG PICOTTE MACCLARENCE DIRECTOR 308994 FACILITY MANAGEMENT false CARL FLORIO DIRECTOR 1113039 BANK LOAN PAYMENTS false GEORGE PHILIP DIRECTOR 1113039 BANK LOAN PAYMENTS false CARL FLORIO DIRECTOR 35490 BANK INTEREST false GEORGE PHILIP DIRECTOR 35490 BANK INTEREST false X 18 283884 FAIR VALUE false true false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY ("UNIVERSITY"), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B CAYMAN ISLANDS RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 CARL FLORIO GEORGE PHILIP DIRECTOR DIRECTOR BUSINESS RELATIONSHIP CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE DIRECTORS OF THE CORPORATION. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED AS FOLLOWS: 5 MEMBERS FROM PERSONS NOMINATED BY THE ALUMNI ASSOCIATION BOARD; 1 MEMBER FROM PERSONS NOMINATED BY THE BENEVOLENT ASSOCIATION BOARD; 10 MEMBERS FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 3 MEMBERS, WHO ARE MEMBERS OF THE UNIVERSITY'S FACULTY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 1 MEMBER WHO IS A MEMBER OF THE UNIVERSITY'S STUDENT BODY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 30 AT-LARGE MEMBERS FROM PERSONS NOMINATED BY THE BOARD. EACH DIRECTOR, INCLUDING THE EX OFFICIO DIRECTORS, SHALL HAVE THE SAME POWERS AND ONE VOTE ON ANY MATTERS BEFORE THE BOARD, EXCEPT THE EXECUTIVE DIRECTOR OF THE CORPORATION, WHO SHALL HAVE NO VOTE. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES A DRAFT OF FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING. THE AUDIT COMMITTEE MEETS TO COMMENT ON FORM 990 AND ANY REVISIONS WILL BE DISCUSSED AT THAT TIME. APPROVAL TO FILE IS GIVEN TO MANAGEMENT BY THE AUDIT COMMITTEE. A COPY OF FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR COMMENT PRIOR TO FILING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C ANY NEW DIRECTOR, OFFICER OR EMPLOYEE OF THE FOUNDATION IS ADVISED OF THE CONFLICTS OF INTEREST POLICY UPON ENTERING THE DUTIES OF OFFICE OR EMPLOYMENT. ANY DUALITY OF INTEREST ON THE PART OF ANY DIRECTOR OR OFFICER SHALL BE DISCLOSED TO THE BOARD OF DIRECTORS, AND MADE A MATTER OF RECORD THROUGH AN ANNUAL PROCEDURE AND ALSO WHEN THE INTEREST BECOMES A MATTER OF DIRECTOR OR OFFICER ACTION. IN GENERAL, A DIRECTOR'S OR OFFICER'S CONFLICT WILL BE CLEARED OF ANY CONSEQUENCE BY, FIRST, FULL DISCLOSURE AND, SECOND, APPROVAL OR RATIFICATION OF THE SUBJECT ACTION BY A DISINTERESTED MAJORITY OF DIRECTORS. ANY DIRECTOR HAVING A DUALITY OF INTEREST SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE, THE ABSTENTION FROM VOTING AND THE QUORUM SITUATION. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION AT THE TIME OF HIRING IS BASED ON DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION AT THE TIME OF HIRING IS BASED ON DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION MAKES ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS OWN WEBSITE AND UPON REQUEST. OTHER EXPENSES FORM 990, PART IX, LINE 24F MAILING AND POSTAGE 100,916 RENTAL, REPAIR, AND MAINT 83,712 PRINTING 71,858 DONOR CULTIVATION 66,618 BOOKS AND PUBLICATIONS 53,575 DUES, MEMBERSHIPS AND FEE 51,928 SPECIAL EVENTS 38,061 TELEPHONE 1,231 OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS INCLUDE THE FOLLOWING: NET UNREALIZED GAINS ON INVESTMENTS - 5,116,231 PROPERTY TRANSFER TO RELATED ENTITY - UABDC - (527,359) UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION 1400 WASHINGTON AVE UAB 226 ALBANY NY 12222 364619281 REAL ESTAT NY 501C25 UNIVERSITY AT ALBANY FOUNDATION true false false false false false false false false false false false false false false false false true false UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION Q 527359 BOOK VALUE