2012-11-14T14:50:12-06:00 2012-06-30 Deloitte Tax LLP 111 S Wacker Drive Chicago IL 60606 990 2011-07-01 376006007 University of Illinois Foundation UNIV 2173330810 1305 West Green Street Urbana IL 61801 Bradley K Hatfield 2173330810 2012-11-14 1 3124861000 2011 2016-02-24 21:20:13Z Sidney S Micek 1305 West Green Street Urbana IL 61801 751558934 0 X www.uif.uillinois.edu X 1935 IL The University of Illinois Foundation is a nonprofit corporation organized and operated exclusively for the purpose of encouraging and administering gifts and making distributions of such funds to the University of Illinois (a state university). 23 23 102 832 0 -5671 157420544 176776360 22642474 8466885 47215782 23767924 8834085 8397776 236112885 217408945 146290968 147224765 0 0 16371433 17489406 0 0 11815773 5826176 6341063 168488577 171055234 67624308 46353711 1462120734 1482828126 89540842 70195157 1372579892 1412632969 X The University of Illinois Foundation is a nonprofit corporation responsible for encouraging and administering private gifts made to further the University of Illinois's mission. Although the Foundation is a separate entity from the University of Illinois ("University"), the Foundation's sole reason for existence is to serve the University. 0 0 147224765 147224765 15726717 The University of Illinois Foundation makes distributions to the University of Illinois which uses these distributions in accordance with donor intent for many purposes, including student support, faculty support, and research. 147224765 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 X 429 0 1 102 1 0 1 SP IT FR UK SN NL GM AS HK JA FI DA NO SW CA SZ 0 0 0 1 1 1 1 0 0 1 0 X 23 23 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 AK AZ CA DC HI IL KY ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI X X Walter K Knorr 2173330810 1305 West Green Street Urbana IL 61801 Jane Phillips Donaldson 2.00 X 0 0 0 Richard S Hill 2.00 X 0 0 0 Sohaib Abbasi 2.00 X 0 0 0 Doris K Christopher 2.00 X 0 0 0 W Robert Felker 2.00 X 0 0 0 Juanita F Francis 2.00 X 0 0 0 Mary Kay Haben 2.00 X 0 0 0 Maisie Lo Heiken 2.00 X 0 0 0 G Stephen Irwin 2.00 X 0 0 0 Mannie L Jackson 2.00 X 0 0 0 Sheila C Johnson 2.00 X 0 0 0 Gail Veasman Kellogg 2.00 X 0 0 0 Shahid R Khan 2.00 X 0 0 0 Leon J Loichle 2.00 X 0 0 0 Gregory B Lykins 2.00 X 0 0 0 William C Merchantz 2.00 X 0 0 0 Steven L Miller 2.00 X 0 0 0 Roger L Plummer 2.00 X 0 0 0 Mark A Pytosh 2.00 X 0 0 0 Jose L Santillan 2.00 X 0 0 0 Kay M Schwichtenberg 2.00 X 0 0 0 Michael T Tokarz 2.00 X 0 0 0 Carl L Vacketta 2.00 X 0 0 0 Walter K Knorr 2.00 X 0 0 0 Thomas R Bearrows 2.00 X 0 0 0 Sidney S Micek 40.00 X 391495 0 54698 Bradley K Hatfield 40.00 X 207177 0 36246 Laura A Vossman 40.00 X 221604 0 39280 Mary R Millage 40.00 X 124509 0 29099 Michelle S White 40.00 X 101356 0 27788 Charles J Hahn 40.00 X 124672 0 30708 Christine C Devocelle 40.00 X 121628 0 25332 Katherine A Calvert 40.00 X 72334 0 15599 Edward F Ewald 40.00 X 212780 0 42659 Craig S Bazzani 40.00 X 255596 0 0 Donald Kojich 40.00 X 141561 0 24657 William E Reynen 40.00 X 137715 0 32215 Jeff W Roley 40.00 X 131535 0 29758 Margaret E Unsworth 40.00 X 128444 0 16521 William T Sturtevant 40.00 X 130800 0 0 2503206 0 404560 19 1 1 0 DAV Productions 711 Pilot Rd Suite F Las Vegas NV 89119 Video Production 190679 Bentz Whaley Flessner Inc 7251 Ohms Lane Minneapolis MN 55439 Consulting Services 130074 University of Illinois Dining Services 1203 South Fourth Street Champaign IL 61820 Catering Services 108946 3 176776360 66036752 176776360 University Contract & 900099 8017575 8017575 Annual Funds 900099 449310 449310 8466885 14611016 14611016 1845534 707590 1137944 1137944 1137944 535575594 7023713 526638599 6803800 8936995 219913 9156908 9156908 Athletics Receipts 900099 3490778 3490778 Sales, Auctions, etc. 900099 1196021 1196021 2573033 2573033 7259832 217408945 15726717 0 24905868 147224765 147224765 1869961 1247493 622468 12122096 5477431 6644665 707824 420138 287686 2227725 1227606 1000119 561800 385097 176703 18389 18389 108373 108373 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0.78780 0.77550 X Schedule A, Part II, Line 10, Explanation of Other Income: Service Fee Contract payments from UI Annual funds reimbursement RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1204085197 33541569 -19196497 1402445 17901317 1199126507 995491517 65856846 161124074 1366288 17020952 1204085197 908879208 38339225 67938418 2605884 17059450 995491517 1072074749 56155042 -278519861 2658923 14800777 832250230 0.23000 0.75000 0.02000 1 0 49402601 49402601 8639410 1607091 224993 10021508 6916817 4276397 2640420 1514167 1250009 264158 62328687 103528303 F US government agencies 89652 F International government bonds 782781 F Hedged/alternative investments 365988147 F Real estate trusts & partnerships 75057674 F Other investments 15970795 F Asset backed securities 130601 F 561547953 Annuities Payable 46101855 Remainder Interest Due to Others 7575603 53677458 217408945 171055234 46353711 -606818 -5693816 -6300634 40053077 218637560 -606818 1835433 1228615 217408945 0 217408945 178584482 1835433 5693815 7529248 171055234 0 171055234 Description of Intended Use of Endowment Funds: Part V, Line 4: The University of Illinois Foundation's endowment funds are intended for use by the University of Illinois. When each endowment fund is established it is set up with a NACBO purpose code based on donor intent. Examples of these codes include scholarships, professorships, research, facilities, etc. Description of Uncertain Tax Positions Under FIN 48: Part X: The benefit of tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examiniation, including the resolution of appeals or lititgation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of June 30, 2012, there were no uncertain tax benefits identified and recorded as a liability. Part XI, Line 8 - Other Adjustments: Actuarial Adjustments -5,693,816. Part V: The 'Three years back' end of year balance does not tie to the 'Two years back' beginning balance due to the restatement from GASB to FASB accounting standards as reported on Schedule O of the 2009 form 990. East Asia and the Pacific 0 0 Investments 16782357 Central America and the Caribbean 0 0 Investments 5810777 Europe (Including Iceland & Greenland) 0 0 Investments 49015280 Middle East and North Africa 0 0 Investments 1141891 North America 0 0 Investments 4047538 South Asia 0 0 Investments 110455 0 0 0 0 0 0 76908298 0 76908298 1 0 0 1 1 0 0 University of Illinois 506 S Wright St 108 Henry Adminstra ion Bldg Urbana IL 61801 376000511 501(c)(3) 133467439 13757325 FMV/Appraisal In-Kind gifts Support of the University of Illinois 1 Form 990 Schedule I Part II Grants and Other Assistance to Entities in the U.S. The University of Illinois Foundation does not administer the other assistance. The funds are transferred to the University of Illinois which administers the funds. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Sidney S Micek 360153 0 25000 0 6342 0 20000 0 34698 0 446193 0 0 0 Bradley K Hatfield 201637 0 0 0 5540 0 0 0 36246 0 243423 0 0 0 Laura A Vossman 221604 0 0 0 0 0 0 0 39280 0 260884 0 0 0 Mary R Millage 117812 0 0 0 6697 0 0 0 29099 0 153608 0 0 0 Charles J Hahn 124672 0 0 0 0 0 0 0 30708 0 155380 0 0 0 Edward F Ewald 209966 0 0 0 2814 0 0 0 42659 0 255439 0 0 0 Craig S Bazzani 255112 0 0 0 484 0 0 0 0 0 255596 0 0 0 Donald Kojich 141561 0 0 0 0 0 0 0 24657 0 166218 0 0 0 William E Reynen 137715 0 0 0 0 0 0 0 32215 0 169930 0 0 0 Jeff W Roley 127713 0 0 0 3822 0 0 0 29758 0 161293 0 0 0 William T Sturtevant 130800 0 0 0 0 0 0 0 0 0 130800 0 0 0 Part I, Line 1a Travel for companions: Sidney S. Micek - to assist with business purpose of trip - not treated as taxable income Payments for business use of personal residence: Sidney S. Micek - when staying overnight for business in Chicago is reimbursed at 75% of the per diem rate for Cook County Social club dues: Sidney S. Micek - % of personal use treated as taxable compensation Bradley K. Hatfield - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Craig S. Bazzani - % of personal use treated as taxable compensation Jeff W. Roley - % of personal use treated as taxable compenstation Part I, Line 3 The Compensation Committee (Committee) uses comparability data that is prepared by or commented upon by a competent professional. The data refelcts similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the Committee for compensation packages of any disqualified person except him/herself. The Committe should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The Committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President, the Secretary/Senior Vice President, the employed Assistant Treasurers, and all Senior Vice Presidents. This process in undertaken for each position on an annual basis. X 106 741419 FMV methods vary by gift X 57805 FMV methods vary by gift X 1 1874 FMV methods vary by gift X 410 23792067 FMV methods vary by gift X 12 632360 FMV methods vary by gift X Software 7 11061735 FMV methods vary by gift X Equipment 61 561824 FMV methods vary by gift X Other/Miscellaneous 1318 690875 FMV methods vary by gift 0 0 1 Method for Determining Number of Contributors: Part I, Column (b): The number of contributors represents the number of items received. Third Party Use: Part I, Line 32b: The Foundation engages 3rd parties to sell non-cash contributions. We use the services of real estate agents to sell gifts of property and brokerage firms to sell securities gifts. Number of volunteers Form 990, Part I, Line 6 This number represents the number of Foundation Members. Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. Form 990, Part VI, Section A, line 1 The Board of Directors shall elect from its own body an Executive Committee of five or more which shall have and exercise all of the powers of the Board of Directors while the Board of Directors is not in meeting. The Chairman of the Board of Directors shall serve as chair and shall be a voting member of the Committee. Unless otherwise provided by resolution of the Board of Directors, a majority of the voting members of the Executive Committee shall constitute a quorum, and the act of a majority of the members of the Executive Committee shall be the act of the Committee. Each member of the Executive Committee shall continue as such until the next annual meeting of the Foundation and until a successor is appointed, unless such member shall be sooner removed from such Executive Committee, or unless such member shall cease to qualify as a member thereof. Action taken by the Executive Committee shall be made a matter of record and the Secretary of the Foundation shall serve ex officio as Secretary of the Executive Committee. A written report of the action taken by the Executive Committee shall be made at the next meeting of the Board of Directors. Form 990, Part VI, Section A, line 2 Richard S. Hill and Michael T. Tokarz - business relationship Form 990, Part VI, Section A, line 6 Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. The University of Illinois Foundation's Bylaws set the maximum number of regular Members at 1,000. The Membership and Governance Committee takes responsibility for recruiting, nominating and electing Members. University of Illinois Foundation members may be either honorary, regular members, or life members. Honorary members become members ex-officio for as long as they hold any of the following positions: President of the University of Illinois Members of the Board of Trustees of the University The Governor of the state of Illinois The Chairman of the University of Illinois Alumni Association The Chancellor(s) of each of the three campuses Members have no rights to receive distributions of income or assets from the organization. Form 990, Part VI, Section A, line 7a The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. There are 3 classes of members; honorary, member, and life member. Honorary members consists of persons acting from time to time as President of the University of Illinois, members of the Board of Trustees of the University of Illinois, Governor of the State of Illinois, Chariman of the University of Illinois Alumni Association, and Chancellors of the campuses. Honorary members are ex officio when and so long as they are incumbents of the above mentioned. Members are elected by the Board of Directors and serve for a 3 year term. They may be considered for renewal for an additional 3 year term. Members are eligible to serve on Board committees and have voting membership on Board committees. Life members are members that after exemplary service may be nominated as a life member. Life members shall have no voting power nor shall they be considered in determining a quorum. Life members shall be eligible to serve on Board committees as voting membership. Form 990, Part VI, Section B, line 11 The form is sent to the Accounting firm, Deloitte Tax, who provides a review of the form and schedules and signs the form as the paid preparer. A copy of the form is reviewed by the Audit Committe of the Board of Directors after the form is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is sent out each year to every member of the Board of Directors, including officers. After the forms are completed, any reported items are summarized and sent to every member of the audit committee for review. The members of the audit committee determine if any conflicts exist. Any questions or further research required is done by the Secretary of the Board. Legal counsel reviews the summary sent to the audit committe and then confers with the audit committee chair. A summary of the review and its conclusions is then given at the next audit committee meeting. Directors or Officers who have declared a conflict of interest, or who have been found to have a conflict of interest, shall refrain from participating in consideration of proposed transactions unless the Board or Foundation President requests information or interpretation for special reasons. Should a conflict of interest matter require an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. Form 990, Part VI, Section B, line 15 The Compensation Committee (Committee) uses comparability data that is prepared by or commented upon by a competent professional. The data refelcts similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the Committee for compensation packages of any disqualified person except him/herself. The Committe should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The Committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President, the Secretary/Senior Vice President, the employed Assistant Treasurers, and all Senior Vice Presidents. This process in undertaken for each position on an annual basis. Form 990, Part VI, Section C, line 19 The governing documents, confilict of interest policy, and financial statements are made available to the public by accessing our website or upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -606,818. Actuarial Adjustments -5,693,816. Total to Form 990, Part XI, Line 5: -6,300,634. ECRU Corporation 1305 West Green Street Urbana IL 61801 621019111 Investment & Leasing IL C 2043 650714 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0