2012-11-14T11:23:33-06:00 2012-06-30 540565834 MITCHELL WIGGINS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VA 23226 990 2011-07-01 540757884 VIRGINIA COMMONWEALTH UNIVERSITY FOUNDATION VIRG 8048289292 700 WEST GRACE STREET RICHMOND VA 232843040 KEVIN W DAVENPORT 8048289292 2012-11-09 1 M JAMES HARTSON JR CPA P00590214 8042826000 2011 2016-02-24 21:20:13Z KEVIN W DAVENPORT 700 WEST GRACE STREET RICHMOND VA 232843040 23813309 0 X WWW.VCUF.ORG X 1917 VA TO SUPPORT THE EDUCATIONAL,SCIENTIFIC & CHARITABLE ACTIVITIES OF VCU. 23 23 0 0 0 0 8324039 12091313 0 0 1132539 809831 401576 -40975 9858154 12860169 4763703 7904159 0 0 0 0 0 0 0 463755 468376 5227458 8372535 4630696 4487634 82624343 85629619 28018153 26717349 54606190 58912270 TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY AND RELATED ORGANIZATIONS. 0 0 8372535 529904 TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY AND RELATED ORGANIZATIONS THROUGH THE MANAGEMENT OF INVESTED FUNDS AND THE ADMINISTRATION OF ACCOUNTS. 8372535 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X ORGANIZATION 8048286533 700 WEST GRACE STREET RICHMOND VA 23284 X RONALD L TILLETT 1.00 X X 0 0 0 PAUL P JEZ 3.00 X X 0 0 0 JOHN B ADAMS JR 1.00 X 0 0 0 THOMAS S CAIN 1.00 X 0 0 0 PAGE W BOND 1.00 X 0 0 0 PATRICK HANLEY 1.00 X 0 0 0 MARY JANE HOGUE 1.00 X 0 0 0 LARRY MCKOY 1.00 X 0 0 0 DAVID PHILLIPS 1.00 X 0 0 0 THOMAS P ROHMAN 1.00 X 0 0 0 SISSY SPACEK 1.00 X 0 0 0 JANE G WATKINS 1.00 X X 0 0 0 JOHN THOMAS WEST IV 1.00 X 0 0 0 THOMAS C BURKE 20.00 X X 0 0 0 MICHAEL EVANS 1.00 X 0 0 0 DIANE LEOPOLD 1.00 X 0 0 0 YOGI H SINGH 1.00 X 0 0 0 GLORIA M HINTZ 1.00 X 0 0 0 NEIL AMIN 1.00 X 0 0 0 THOMAS BENEDETTI 1.00 X 0 0 0 JOHN FAIN 1.00 X 0 0 0 DR ROBERT MARCHANT 1.00 X 0 0 0 GAIL MOSKOWTIZ 1.00 X 0 0 0 JOHN C NEAL 1.00 X 0 0 0 DR MICHAEL RAO 1.00 X 0 0 0 DAVID W HANSON 1.00 X 0 0 0 JOHN I BLOHM 1.00 X 0 0 0 0 0 0 0 0 0 0 0 12091313 109987 12091313 733265 733265 11029706 10953140 76566 76566 76566 ADMINISTRATIVE FEES 900099 284358 284358 MISCELLANEOUS 900099 245546 245546 LOSS FROM PASSTHROUGH 900099 -570879 -570879 -40975 12860169 529904 0 238952 7904159 7904159 20000 20000 262017 262017 BAD DEBTS 183939 183939 MISCELLANEOUS 2420 2420 8372535 8372535 0 0 5000 5000 14047131 16081672 8147766 11047455 648762 381842 16890 16890 0 0 28180900 26753932 31402390 30982242 192394 377476 82624343 85629619 117072 271216 27901081 26446133 28018153 26717349 X 2588800 2263116 30573608 34661569 21443782 21987585 54606190 58912270 82624343 85629619 X 4487634 -181554 X X 0 1 1 X 0 X 5175924 7719382 4956962 8324039 12091313 38267620 5175924 7719382 4956962 8324039 12091313 38267620 6288555 31979065 1137905 806965 374262 506353 733265 3558750 543612 281663 255621 401576 529904 2012376 43838746 0.72950 0.72050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31061116 543803 288193 1253161 30639951 27184569 855272 4756650 1735375 31061116 25250810 367245 2713955 1089476 57965 27184569 31040229 661270 -5131162 1291943 27584 25250810 1.00000 0 0 16890 16890 0 0 G.T. OFFSHORE FUND 6249031 F WINSTON GLOBAL FUND 1845981 F COMMONFUND INTERNATIONAL FUND 1221575 F PROPERTY HOLDINGS FUND 4701699 F BARLOW PARTNERS FUND 5764896 F CITY OF LONDON FUND 1254968 F 1607 CAPITAL FUND 4149896 F POINTER FUND 4836838 F PROPERTY HOLDINGS FUND VI 957358 F 30982242 LIFE ANNUITIES 145749 DEPOSITS HELD FOR VCU 24082374 DEPOSITS HELD FOR VCU INTELLECTUAL PROPERTY FOUNDATION 1009588 DEPOSITS HELD FOR VCU ALUMNI ASSOCIATION 1208422 26446133 12860169 8372535 4487634 -752433 570879 -181554 4306080 12678615 -752433 -752433 13431048 -570879 -570879 12860169 8372535 0 8372535 0 8372535 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE VARIOUS ENDOWMENTS WERE ESTABLISHED TO SUPPORT THE FOUNDATION AND ITS MISSION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JULY 1, 2009, THE FOUNDATION ADOPTED THE ACCOUNTING STANDARD REGARDING "ACCOUNTING FOR UNCERTAIN TAX POSITIONS". THIS STANDARD PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE ADOPTION OF THIS STANDARD HAD NO MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL POSITION, RESULTS OF OPERATIONS, OR CASH FLOW. THE TAX YEARS OF 2008 TO 2011 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN OPERATING EXPENSES. THE FOUNDATION DID NOT HAVE PENALTIES AND INTEREST EXPENSES FOR THE YEAR ENDED JUNE 30, 2012. PART XI, LINE 8 - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCES FROM PASSTHROUGH ENTITIES 570,879. LOSS FROM PASSTHROUGH ENTITIES. 0 VIRGINIA COMMONWEALTH UNIVERSITY 912 W FRANKLIN POST OFFICE BOX 843035 RICHMOND VA 232843035 546001758 115 7904159 THE FOUNDATION EXISTS SOLELY TO ASSIST, SUPPORT, AND FOSTER VIRGINIA COMMONWEALTH UNIVERSITY IN ALL PROPER WAYS THAT FROM TIME TO TIME BE APPROVED BY THE TRUSTEES OF THE FOUNDATION WITH THE GUIDANCE OF THE UNIVERSITY. THE FOUNDATION MANAGES AND DISTRIBUTES CURRENT AND ENDOWMENT GIFTS FOR ALL SCHOOLS, DEPARTMENTS, AND PROGRAMS THROUGHOUT THE UNIVERSITY WITH MAJOR EMPHASIS ON PROGRAMS FOR THE MONROE PARK CAMPUS. TO ASSIST AND SUPPORT THE OPERATIONS OF VIRGINIA COMMONWEALTH UNIVERSITY FOUNDATION, WHOSE MISSION IS TO SUPPORT THE VCU SCHOOL OF ENGINEERING. X 42 109987 QUOTED MARKET VALUES 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION DISTRIBUTES A COPY OF THE FORM 990 TO ALL MEMBERS OF THE EXECUTIVE COMMITTEE AND MAKES IT AVAILABLE FOR ALL OTHER BOARD MEMBERS PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS AND KEY EMPLOYESS, ON AN ANNUAL BASIS, TO SIGN A CONFLICT OF INTEREST STATEMENT AND TO DISCLOSE THE EXISTENCE OF ANY CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION POSTS ITS CURRENT AUDITED FINANCIAL STATEMENT AND FORM 990 ON ITS WEB SITE, EACH YEAR. IN ADDITION, COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE SENT ELECTRONICALLY TO ALL DIRECTORS. IT IS THE POLICY OF THE ORGANIZATION TO MAKE AVAILABLE COPIES OF FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFICT OF INTEREST INFORMATION AND OTHER DOCUMENTS TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -752,433. BOOK/TAX DIFFERENCES FROM PASSTHROUGH ENTITIES 570,879. TOTAL TO FORM 990, PART XI, LINE 5: -181,554. NO CHANGS IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.