2026-02-17T11:44:15-06:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-07-01 066070722 THE UNIVERSITY OF CONNECTICUT FOUNDATION INC UNIV 8604865000 2390 ALUMNI DRIVE UNIT 3206 STORRS CT 062693206 DAVID CARNEY CFO 8604865000 2026-02-17 1 1 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z AMY YANCEY 2390 ALUMNI DR UNIT 3206 STORRS CT 06269 139387120 0 X WWW.FOUNDATION.UCONN.EDU X 1964 CT SEE SCHEDULE O 31 30 260 310 324513 0 65431730 60841282 13853302 16339240 18244481 62103683 97 42939 97529610 139327144 49891647 64251331 0 0 23190316 23601939 870295 947832 24830303 20966369 24705176 94918627 113506278 2610983 25820866 862688618 951473069 39835177 70739758 822853441 880733311 X SEE SCHEDULE O 0 0 27887440 27887440 0 SCHOLARSHIPS, AWARDS AND FELLOWSHIPS - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF FINANCIAL AID FOR UNIVERSITY OF CONNECTICUT STUDENTS. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY, FEDERAL AND STATE FINANCIAL AID REQUIREMENTS, THE UNIVERSITY SELECTS THE STUDENT RECIPIENTS AND MAKES THE AWARDS DIRECTLY TO STUDENTS. AFTER RECEIVING APPROPRIATE DOCUMENTATION FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FINANCIAL AID EXPENDITURES. THE EXPENDITURES ARE FUNDED FROM INVESTMENT INCOME EARNED ON ENDOWMENT FUNDS AND GIFTS RESTRICTED FOR FINANCIAL AID. 17492144 17492144 0 SEE SCHEDULE O 13801316 13801316 0 PROGRAM SERVICES - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF PROGRAMS AT THE UNIVERSITY OF CONNECTICUT. GENERALLY, THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. 5070431 5070431 16339240 EQUIPMENT, FURNITURE, AND BUILDING IMPROVEMENTSTHE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF EQUIPMENT AND FURNITURE PURCHASES AND BUILDING IMPROVEMENTS. GENERALLY, THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY, WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. 5070431 5070431 16339240 64251331 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 108 0 1 260 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MD MA MI MN NH NJ OR SC UT WV WI X X DAVID CARNEY 8604865000 2390 ALUMNI DRIVE UNIT 3206 STORRS CT 062693206 X JONATHAN GREENBLATT - INTERIM CEO (THRU 03/24)/DIR (AS OF 10/24) 1.00 0.00 X 60988 0 4806 CRAIG ASHMORE DIRECTOR, CHAIR 1.00 0.00 X X 0 0 0 TRISHA BAILEY DIRECTOR (THRU 05/2025) 1.00 0.00 X 0 0 0 GEORGE BARRIOS DIRECTOR 1.00 0.00 X 0 0 0 MARK A BEAUDOIN DIRECTOR 1.00 0.00 X 0 0 0 ALAN R BENNETT DIRECTOR 1.00 0.00 X 0 0 0 LORI BIANCAMANO DIRECTOR 1.00 0.00 X 0 0 0 TONI BOUCHER DIRECTOR (AS OF 10/2024) 1.00 0.00 X 0 0 0 SUE A COLLINS DIRECTOR 1.00 0.00 X 0 0 0 ANGELO DEFAZIO DIRECTOR 1.00 0.00 X 0 0 0 CRAIG A DOUGLAS DIRECTOR 1.00 0.00 X 0 0 0 RICHARD ELDH DIRECTOR 1.00 0.00 X 0 0 0 AMY J ERRETT DIRECTOR, TREASURER 1.00 0.00 X X 0 0 0 JOHN FODOR SECRETARY 1.00 0.00 X X 0 0 0 DAVID H FORD DIRECTOR 1.00 0.00 X 0 0 0 STEVEN M GREENSPAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL G KOPPEL DIRECTOR 1.00 0.00 X 0 0 0 LORRAINE HRITCKO DIRECTOR (AS OF 10/2024) 1.00 0.00 X 0 0 0 SURESH NAIR DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH E PARSONS DIRECTOR 1.00 0.00 X 0 0 0 BARBARA POREMBA DIRECTOR 1.00 0.00 X 0 0 0 LORI RIISKA DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY RIZZA DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL K ROSEN DIRECTOR 1.00 0.00 X 0 0 0 LINDSAY SCHINE DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SHERMAN DIRECTOR 1.00 0.00 X 0 0 0 PAULA SINGER DIRECTOR 1.00 0.00 X 0 0 0 CURTIS TEARTE DIRECTOR 1.00 0.00 X 0 0 0 MARK VERGNANO DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN WALSH DIRECTOR 1.00 0.00 X 0 0 0 JAMES F WHALEN JR DIRECTOR 1.00 0.00 X 0 0 0 AMY YANCEY PRESIDENT AND CEO 40.00 0.00 X X 588651 0 50959 DAVID CARNEY SVP FINANCE AND CFO 40.00 0.00 X 398470 0 60008 LAURA PADRON SVP ADVANCEMENT SERVICES (THRU 7/24) 40.00 0.00 X 387860 0 34459 MO COTTON KELLY CPO & SVP ALUMNI RELATIONS 40.00 0.00 X 345917 0 63288 RACHEL MARSHALL VP SCHOOL AND PROGRAM GIVING 40.00 0.00 X 217603 0 49760 MICHAEL VAN SAMBECK VP PRINCIPAL GIVING AND CAMPAIGN 40.00 0.00 X 211687 0 18954 PETER LAMOTHE SVP HEALTH SCIENCES 40.00 0.00 X 223943 0 51948 JENNIFER SARGENT SVP ADVANCEMENT SERVICES 40.00 0.00 X 282173 0 27167 SUZANNE O' CONOR GENERAL COUNSEL 40.00 0.00 X 317260 0 30441 MELISSA MAYNARD AVP FINANCE AND CONTROLLER 40.00 0.00 X 184417 0 45897 3218969 0 437687 47 1 1 0 APOLLOJETS LLC 9 EAST 37TH STREET 8TH FLOOR NEW YORK NY 10016 CHARTERING SERVICES 1157161 BLACKROCK FINANCIAL MANAGEMENT INC 40 EAST 52ND STREET NEW YORK NY 10022 ADVISORY SERVICES 1000000 ENDEAVOR ON LOCATION EVENTS PARENT LLC 3575 PIEDMONT RD NE 950 ATLANTA GA 30305 HOSPITALITY SERVICES 563811 STEPSTONE GROUP LP 4275 EXECUTIVE SQUARE SUITE 500 LAJOLLA CA 92037 ADVISORY SERVICES 475000 HURON CONSULTING SERVICES LLC 550 W VAN BUREN STREET CHICAGO IL 60607 CONSULTING SERVICES 453423 17 106781 60734501 3886595 60841282 UNIVERSITY FEE FOR SERVICES 900099 16000000 16000000 UNIVERSITY ENDOWMENT ADMIN FEE 900099 339240 339240 16339240 24480168 324513 24155655 37623515 0 37623515 37623515 37623515 102915 106781 59976 42939 42939 139327144 16339240 324513 61822109 64251331 64251331 1595107 815628 779479 16854542 3939073 12915469 1440913 482724 958189 2406463 405668 2000795 1304914 437530 867384 58281 58281 142793 142793 75000 75000 947832 947832 16463481 16463481 483180 161813 321367 91197 4395 86802 691411 110367 581044 1821219 460720 1360499 208206 49763 158443 495153 36273 458880 43394 8952 34442 373811 368688 5123 176340 59515 116825 253096 252708 388 SPECIAL EVENTS 2511218 53508 2457710 DONOR CULTIVATION 511369 240 511129 EQUIPMENT MAINTENANCE 133868 55098 78770 DUES AND SUBSCRIPTIONS 94302 31926 62376 77857 25500 52357 113506278 64251331 24424644 24830303 48378386 20992201 81594823 64739060 187515 26885656 486133 691440 10739483 7483063 2316531 3256420 281963232 357613581 414189887 442004673 33572111 35290038 862688618 951473069 16081007 47026038 23547525 23580528 206645 133192 39835177 70739758 X 15671122 22353350 807182319 858379961 822853441 880733311 862688618 951473069 X 25820866 33036839 -977835 X 0 1 X 1 0 X 59430619 57328562 99205210 65431730 60841282 342237403 59430619 57328562 99205210 65431730 60841282 342237403 56493414 285743989 9740594 9955348 12322139 18067583 24155655 74241319 38481 70150 229307 120563 102915 561416 417040138 65476378 0.68520 0.68660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2020 AMOUNT: $ 38,481. 2021 AMOUNT: $ 70,150. 2022 AMOUNT: $ 229,307. 2023 AMOUNT: $ 120,563. 2024 AMOUNT: $ 102,915. 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IN ADDITION, THE FOUNDATION HAS ENTERED INTO CONTRACTS WITH THE DONORS FOR CHARITABLE GIFT ANNUITIES FOR WHICH THE FOUNDATION HAS ACCEPTED CONTRIBUTIONS. THE PRESENT VALUE OF THE LIABILITY FOR THE FUTURE PAYMENTS IS REFLECTED ON THE FOUNDATION'S BALANCE SHEET. THE FOUNDATION HAS A CONTRACTUAL ARRANGEMENT TO ACT AS THE UNIVERSITY'S AGENT IN MANAGING THE UNIVERSITY'S ENDOWMENT ASSETS, ENSURING CONSISTENT MANAGEMENT OF ENDOWMENT ASSETS THAT SUPPORT THE UNIVERSITY REGARDLESS OF ENTITY OWNERSHIP. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUND THE FOUNDATION'S ENDOWMENT FUNDS PROVIDE GRANTS TO THE UNIVERSITY OF CONNECTICUT. THE GRANTS MAY BE USED TO PROVIDE SCHOLARSHIPS TO UNIVERSITY OF CONNECTICUT STUDENTS, COMPENSATION AND RESEARCH SUPPORT FOR UNIVERSITY OF CONNECTICUT ACADEMIC AND ATHLETIC PROGRAMS. THE USE OF ALL ENDOWMENT FUNDS IS SUBJECT TO ANY RESTRICTION PLACED ON FUNDS BY DONORS. ALL DISBURSEMENTS ARE SUBJECT TO THE FOUNDATION'S POLICY ON DISBURSEMENTS, INCLUDING THE AMOUNT OF THE EXPENDITURE MUST BE REASONABLE, FOR A LEGITIMATE BUSINESS PURPOSE, AND WITH NO PRIVATE BENEFIT. PART X, LINE 2: THE FOUNDATION HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX FROM THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. DUE TO CERTAIN INVESTMENTS, THE FOUNDATION DOES HAVE UNRELATED BUSINESS INCOME, HOWEVER THE FEDERAL AND STATE TAX LIABILITIES HAVE BEEN IMMATERIAL. THE FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -977,835. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS MOVED TO REVENUE -59,976. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS MOVED TO REVENUE 59,976. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 77605806 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 39048939 NORTH AMERICA 0 0 FUNDRAISING 424201 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 14638 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 5842 SUB-SAHARAN AFRICA 0 0 FUNDRAISING 976 CENTRAL AMERICA AND THE CARIBBEAN 0 0 FUNDRAISING 256 SOUTH AMERICA 0 0 FUNDRAISING 50 SOUTH ASIA 0 0 FUNDRAISING 10 RUSSIA AND NEIGHBORING STATES 0 0 FUNDRAISING 5 0 0 0 0 0 0 117100708 15 117100723 1 0 1 1 1 0 PART I, LINE 3: METHOD OF ACCOUNTING FOREIGN EXPENDITURES ARE SEPARATELY IDENTIFIED ON THE ORGANIZATION'S BOOKS AND RECORDS. X X X X X X 1 TAYMAR SALES U LLC 210 N PINE VALLEY ROAD WINSTON SALEM NC 27104 ATHLETIC FUNDRAISING 0 2835671 511062 2324609 HURON CONSULTING 7900 XERXES AVENUE SOUTH SUITE 980 BLOOMINGTON MN 55431 CONSULTING 0 0 232402 -232402 SIMPSON SCARBOROUGH 2000 DUKE ST SUITE 300 ALEXANDRIA VA 22314 CAMPAIGN CONSULTING 0 0 162768 -162768 PALMETTO PHILANTHROPY 722 KING ST COLUMBIA SC 29205 COACHING 0 0 41600 -41600 2835671 947832 1887839 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC UCONN SCHOOL OF BUS. HALL OF FAME 75626 56376 19250 19993 1474 38TH JOE GIANNELI GOLF CLASSIC 74300 18716 55584 13825 5760 2 59770 31689 28081 18924 209696 106781 102915 52742 7234 59976 42939 SECHEDULE G - ADDITIONAL INFORMATION AS REQUIRED, THE FOUNDATION IS REPORTING ALL EVENTS THAT HAD INCOME OR EXPENSES DURING THE FISCAL YEAR. IT IS POSSIBLE THAT SOME EVENTS MAY HAVE TAKEN PLACE IN THE PRIOR FISCAL YEAR, OR WILL BE HELD IN FUTURE YEAR. AS A RESULT, REVENUE OR EXPENSE AMOUNTS REPORTED FOR THE EVENT MAY NOT BE FINAL, OR PORTIONS MAY HAVE BEEN REPORTED IN THE PRIOR YEAR. 1 UNIVERSITY OF CONNECTICUT 352 MANSFIELD ROAD UNIT 2048 STORRS CT 06269 060772160 115 64251331 0 UNIVERSITY SUPPORT 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. FUND ADMINISTRATION STAFF RECEIVES APPROPRIATE DOCUMENTATION PRIOR TO MAKING DISBURSEMENTS TO ENSURE COMPLIANCE WITH GRANT RESTRICTIONS, AND TO ENSURE SUCH DISBURSEMENTS ARE REASONABLE. X X X 1 0 0 0 0 0 0 1 0 AMY YANCEY PRESIDENT AND CEO 370437 0 150000 0 68214 0 27392 0 23567 0 639610 0 0 0 DAVID CARNEY SVP FINANCE AND CFO 327970 0 40000 0 30500 0 27600 0 32408 0 458478 0 0 0 LAURA PADRON SVP ADVANCEMENT SERVICES (THRU 7/24) 215596 0 0 0 172264 0 18199 0 16260 0 422319 0 0 0 MO COTTON KELLY CPO & SVP ALUMNI RELATIONS 305917 0 40000 0 0 0 27392 0 35896 0 409205 0 0 0 SUZANNE O' CONOR GENERAL COUNSEL 277260 0 40000 0 0 0 25651 0 4790 0 347701 0 0 0 JENNIFER SARGENT SVP ADVANCEMENT SERVICES 242173 0 40000 0 0 0 22867 0 4300 0 309340 0 0 0 PETER LAMOTHE SVP HEALTH SCIENCES 223943 0 0 0 0 0 18395 0 33553 0 275891 0 0 0 RACHEL MARSHALL VP SCHOOL AND PROGRAM GIVING 217603 0 0 0 0 0 18257 0 31503 0 267363 0 0 0 MICHAEL VAN SAMBECK VP PRINCIPAL GIVING AND CAMPAIGN 207676 0 4011 0 0 0 16913 0 2041 0 230641 0 0 0 MELISSA MAYNARD AVP FINANCE AND CONTROLLER 170777 0 13640 0 0 0 15145 0 30752 0 230314 0 0 0 PART I, LINE 4A ONE LISTED INDIVIDUAL SEPARATED FROM THE UNIVERSITY OF CONNECTICUT FOUNDATION INC. DURING CALENDAR YEAR 2024. PURSUANT TO THEIR AGREEMENT, THIS INDIVIDUAL RECEIVED A SEPARATION PAYMENT. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 NON-FIXED PAYMENTS THE FOUNDATION MAY GIVE PERFORMANCE-BASED AWARDS BASED ON FORMAL REVIEW AND WITH APPROVAL OF FOUNDATION MANAGEMENT AND BOARD. X 317 3886595 FMV 0 0 1 0 PART I, COLUMN (B): PART I COLUMN (B) IS BASED ON THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 AND PART III, LINE 1: ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, ALL FOR THE PUBLIC WELFARE, AND TO THIS END TO PROMOTE, ENCOURAGE AND ASSIST ALL FORMS OF EDUCATION, HEALTHCARE AND RESEARCH AT THE UNIVERSITY OF CONNECTICUT, INCLUDING WITHOUT LIMITATION, THE UNIVERSITY OF CONNECTICUT HEALTH CENTER; TO SOLICIT DONATIONS OF, ACCEPT AND RECEIVE PROPERTIES, MONEYS OR SECURITIES BY VIRTUE OF GIFT, GRANT, BEQUEST, DEVISE OR OTHERWISE, AND TO HOLD, CONTROL, ADMINISTER, INVEST, REINVEST, ACCUMULATE, AND GENERALLY CARE FOR ANY AND ALL FUNDS AND PROPERTY, REAL AND PERSONAL, WHICH FROM TIME TO TIME MAY BE GIVEN, GRANTED, BEQUEATHED, DEVISED OR OTHERWISE CONVEYED OR MADE AVAILABLE TO THE CORPORATION EITHER UNCONDITIONALLY, UPON CONDITION OR IN TRUST FOR SPECIFIED PURPOSES WITHIN THE LIMITATIONS OF THIS CERTIFICATE OF INCORPORATION; AND TO DISBURSE SUCH FUNDS AND PROPERTY, OR THE INCOME THEREFROM, IN AIDING, SUPPLEMENTING, IMPROVING AND ENLARGING THE EDUCATIONAL, CULTURAL, RECREATIONAL, HEALTHCARE AND RESEARCH FACILITIES AND ACTIVITIES OF THE UNIVERSITY OF CONNECTICUT, INCLUDING WITHOUT LIMITATION, THE UNIVERSITY OF CONNECTICUT HEALTH CENTER. FORM 990, PART III, LINE 4B ENDOWED CHAIRS AND PROFESSORSHIPS - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVED GIFTS ON BEHALF OF DONORS RESTRICTED TO SUPPORT OF UNIVERSITY OF CONNECTICUT FACULTY COMPENSATION AND RESEARCH. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY AND STATE PERSONNEL POLICIES AND FOR W-2 REPORTING PURPOSES, THE UNIVERSITY PAYS ALL FACULTY DIRECTLY FOR COMPENSATION RELATED ITEMS. AFTER RECEIVING APPROPRIATE DOCUMENTS FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FACULTY COMPENSATION EXPENDITURES. FOR NON-COMPENSATION EXPENDITURES IN SUPPORT OF FACULTY (E.G. RESEARCH MATERIALS AND EQUIPMENT), GENERALLY THE EXPENDITURES IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY, THE FOUNDATION WILL PAY VENDOR DIRECTLY. FORM 990, PART VI, SECTION A, LINE 1A EXPLANATION OF DELEGATED BROAD AUTHORITY TO COMMITTEE THE FOUNDATION BOARD HAS GIVEN THE EXECUTIVE COMMITTEE THAT CONSISTS OF THE CHAIR, THE CHAIR OF THE NOMINATING AND BOARD GOVERNANCE COMMITTEE, THE PRESIDENT OF THE CORPORATION, THE PRESIDENT OF THE UNIVERSITY, AND THREE OR MORE AT-LARGE BOARD MEMBERS, FULL POWER AND AUTHORITY AS THE BOARD. THE EXECUTIVE COMMITTEE MAY MEET AND EXERCISE ALL SUCH POWERS AND AUTHORITY IN THE INTERIM BETWEEN THE MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE MAY NOT FILL BOARD VACANCIES, AMEND CERTIFICATE OF INCORPORATION, ADOPT, AMEND, OR REPEAL BYLAWS, APPROVE A PLAN OF MERGER, APPROVE A SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE PROPERTY OF A CORPORATION, OR APPROVE A PROPOSAL TO DISSOLVE THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM IS PREPARED BY GRANT THORNTON ADVISORS LLC AND REVIEWED BY MANAGEMENT AND THE FOUNDATION'S AUDIT COMMITTEE. THE FORM IS PROVIDED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ANNUALLY, THE FOUNDATION'S BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE SENT A COPY OF THE FOUNDATION'S CONFLICT OF INTEREST QUESTIONNAIRE THAT THEY ARE REQUIRED TO COMPLETE AND RETURN TO THE FOUNDATION. THE RESPONSES ARE THEN REVIEWED BY THE FOUNDATION'S IN-HOUSE LEGAL COUNSEL, WITH ANY POTENTIAL CONFLICTS REVIEWED WITH THE NOMINATING AND GOVERNANCE COMMITTEE OF THE BOARD AND THE FULL BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW & APPROVAL PROCESS - CEO & TOP MANAGEMENT THE FOUNDATION'S SALARY STRUCTURE IS MARKET-DRIVEN AND UNDERGOES A RIGOROUS, PERIODIC REVIEW UNDER WHICH COMPENSATION LEVELS ARE COMPARED TO ORGANIZATIONS OF SIMILAR SIZE AND MISSION. THE SALARIES AND BENEFITS OF THE UCONN FOUNDATION'S OFFICERS AND KEY EMPLOYEES ARE SUBJECT TO APPROVAL IN ADVANCE OF PAYMENT BY A MAJORITY OF DISINTERESTED DIRECTORS ON THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE OFFICERS AND KEY EMPLOYEES ARE NOT IN A POSITION OF CONTROL WITH RESPECT TO THE COMMITTEE. THE COMMITTEE RELIES ON APPROPRIATE COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF THE COMPENSATION PACKAGES. MINUTES ADEQUATELY DOCUMENTING THE BASIS FOR THE EXECUTIVE COMMITTEE'S DECISIONS ARE MAINTAINED. THE APPROVAL OF COMPENSATION PACKAGES OCCURS IN MAY OR JUNE FOR COMPENSATION TO BE PAID IN THE SUBSEQUENT FISCAL YEAR, OR AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FOUNDATION'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE POSTED ON THE FOUNDATION'S WEBSITE. THE FOUNDATION'S ARTICLES OF INCORPORATION, IRS DETERMINATION LETTER, AND BYLAWS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A: JONATHAN GREENBLATT WAS COMPENSATED IN CALENDAR YEAR 2024 FOR HIS ROLE RELATED TO INTERIM PRESIDENT AND CEO, NOT HIS ROLE AS DIRECTOR. DIRECTORS ARE NOT COMPENSATED FOR BOARD SERVICE. MR. GREENBLATT RECEIVED NO COMPENSATION IN FISCAL YEAR 2025. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -977,835. CHARITABLE REMAINDER TRUST (4) DEVELOPMENT CT N/A 0 HORSEBARN HILL INVESTMENT FUND LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN CJ KY1-1104 INVESTMENT CJ UCONN FDN C 2494102 7588721 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 HORSEBARN HILL INVESTMENT FUND LTD S 89935 FMV SCHEDULE R - RELATED ORGANIZATIONS WHILE THE MISSION OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY, UNDER IRS INSTRUCTIONS, THE UNIVERSITY DOES NOT MEET THE DEFINITION OF A "RELATED ORGANIZATION". THE FOUNDATION HAS NINE EX-OFFICIO BOARD MEMBERS, SIX OF WHOM SERVE BY VIRTUE OF THEIR POSITION AS A UNIVERSITY EMPLOYEE. NONE OF THE SIX UNIVERSITY EMPLOYEES ARE COUNTED IN DETERMINING QUORUM AND NONE ARE ENTITLED TO VOTE ON MATTERS BEFORE THE BOARD. NO COMPENSATION IS PAID BY THE FOUNDATION FOR THEIR SERVICE AS DIRECTORS.