2012-03-07T08:21:06-08:00 2011-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2010-07-01 066070722 The University of Connecticut Foundation Inc UNIV 8604865000 2390 Alumni Drive Storrs CT 06268 Kevin A Edwards 2012-02-15 Kaye B Ferriter 2010 2016-02-24 21:20:13Z Kevin A Edwards 2390 Alumni Dr Storrs CT 06269 63788663 false false X www.foundation.uconn.edu X 1964 CT The University of Connecticut Foundation, Inc.'s mission is to solicit, receive and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. 47 46 147 147 -116802 -126976 28779876 32185542 11772809 8593667 -5777351 22522310 -176657 -83524 34598677 63217995 21569282 25085269 0 9766896 9698691 397019 686337 10905831 6706334 6780587 38439531 42250884 -3840854 20967111 348219315 396308288 13304046 18201176 334915269 378107112 X The University of Connecticut Foundation, Inc.'s mission is to solicit, receive and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. false false 11620462 11620462 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 restricted to financial aid and gifts restricted for financial aid. 6066326 6066326 Endowed chairs and professorshipsThe University of Connecticut Foundation, Inc. received gifts on behalf of donors restricted to the 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 form 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 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.The expenditures are funded from investment income earned on endowment funds restricted to support of faculty. 5186623 5186623 Program ServicesThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of programs at the University. 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. 2211858 2211858 8593667 25085269 true true false true false false false false true true true true false true true false false true false false true false false true true false false true false true true false false false false false false false false false false true false false false false true true true false false true 136 0 true 147 true true true true OC false false false false false true true false 0 false false false false false false false false false false false X 47 46 true false false false false false false true true false false false true true true true true true true true false false WV WI WA UT SC RI OR OH NY NM NJ NH ND MN MI ME MD MA LA KY KS IL DC CO CA AR AK X X Kevin Edwards 8604865000 2390 Alumni Drive Storrs CT 06268 Wendy Watkins 1.00 X 0 0 0 Timothy Holt 1.00 X 0 0 0 Suzanne O'Conor 40.00 X 164917 0 16048 Stephen Sills 1.00 X 0 0 0 Sharon Nunes 1.00 X 0 0 0 Ronald McIntosh 1.00 X 0 0 0 Robert Skinner 1.00 X 0 0 0 Robert RisCassi 1.00 X 0 0 0 Robert Holster 1.00 X 0 0 0 Robert D'Amore 1.00 X 0 0 0 Philip Lofts 1.00 X 0 0 0 Peter Drotch 1.00 X 0 0 0 Patrick Campion 1.00 X 0 0 0 Mickey Herbert 1.00 X 0 0 0 Mary Ann Gilleece 1.00 X 0 0 0 Marsha Roth 1.00 X 0 0 0 Mark Shenkman 1.00 X X 0 0 0 Mark Freitas 1.00 X 0 0 0 Mark Boxer 1.00 X 0 0 0 Lionel Olmer 1.00 X 0 0 0 Kevin A Edwards 40.00 X 195102 0 31069 Kenneth Alleyne 1.00 X 0 0 0 Kelvin Cooper 1.00 X 0 0 0 Keith Fox 1.00 X 0 0 0 Kathleen Murphy 1.00 X 0 0 0 Joseph Papa 1.00 X 0 0 0 John Ritter 1.00 X 0 0 0 John Rafal 1.00 X 0 0 0 John Martin 40.00 X X 379804 0 64565 John Malfettone 1.00 X 0 0 0 John Krenicki 1.00 X 0 0 0 John Cutler 1.00 X 0 0 0 Jay Malcynsky 1.00 X X 0 0 0 Janet Hansen 1.00 X 0 0 0 Hal Reed 40.00 X 146003 0 31173 Gwendolyn Iloani 1.00 X 0 0 0 Gerald Lieberman 1.00 X X 0 0 0 Frank Milone 1.00 X 0 0 0 Frank Gifford 40.00 X 131523 0 25791 Francisco Borges 1.00 X 0 0 0 Elease Wright 1.00 X 0 0 0 Drew Figdor 1.00 X 0 0 0 Douglas Lawrence 1.00 X 0 0 0 Douglas Elliot 1.00 X 0 0 0 Dominick Pagano 1.00 X 0 0 0 Dina Plapler 40.00 X 158000 0 28277 Denis McCarthy 1.00 X 0 0 0 Deborah Cunningham 40.00 X 148000 0 14346 David Vance 40.00 X 170015 0 21501 David Marks 1.00 X 0 0 0 David Barton 1.00 X 0 0 0 Daniel Toscano 1.00 X 0 0 0 Craig Ashmore 1.00 X 0 0 0 Connie Weaver 1.00 X 0 0 0 Coleman Levy 1.00 X X 0 0 0 Clinton Gartin 1.00 X 0 0 0 Christopher Riley 1.00 X 0 0 0 Christopher Joliat 40.00 X 144554 0 25725 Cheryl Grise 1.00 X 0 0 0 Charlene Polino 1.00 X 0 0 0 Carla Klein 1.00 X 0 0 0 Brian Otis 40.00 X 150750 0 27478 Anthony Crosby 1.00 X 0 0 0 Andy Bessette 1.00 X 0 0 0 Alan Bennett 1.00 X 0 0 0 1788668 285973 13 false true false Wilshire Assocates Inc 1299 Ocean Ave Suite 700 Santa Monica CA 90401 Investment Consultan 150000 RuffaloCody PO Box 3018 Cedar Rapids IA 524063018 Phone Solicitations 468462 Gold Orluk & Partners LLC 172 West Main Street Avon CT 060010846 Event Planning 152966 Curtis 1000 Inc PO Box 512598 Philadelphia PA 191752598 Printing 187030 Aetna PO Box 804735 Chicago IL 60680 Health Insurance 814079 8 1559305 30626237 1793296 32185542 Univ. Fee for Service 900099 8472205 8472205 Univ. Endow Admin Fee 900099 121462 121462 8593667 6271420 6271420 0 0 0 16250890 16250890 16250890 -116802 16367692 487144 1559306 570668 -83524 -83524 0 0 0 63217995 8593667 -116802 22555588 25085269 25085269 0 0 0 1546221 505531 1040690 0 6087354 1217471 4869883 581565 116313 465252 912616 182523 730093 570935 114187 456748 0 52326 10465 41861 129884 129884 50228 10046 40182 686337 686337 3361673 3361673 64228 12846 51382 18829 3766 15063 323375 64675 258700 307169 61434 245735 0 243889 48778 195111 218235 43647 174588 0 32010 6402 25608 381884 76377 305507 0 333006 66601 266405 126446 25289 101157 Special Events 220353 44071 176282 Service Contracts 119011 23802 95209 Printing and Publications 320509 64102 256407 Donor Cultivation & Promotion 145224 145224 Consulting 183223 36645 146578 149085 33256 115829 42250884 25085269 6259784 10905831 1456934 641800 8034951 13256021 23220671 23654323 234992 99800 0 0 0 0 74247 188866 8416091 3074642 4792634 5341449 160231358 160378441 80206052 99200464 0 0 69967476 93547124 348219315 396308288 3493936 8315371 6735000 6505000 2938831 3248666 136279 132139 13304046 18201176 X -14468731 -824888 79812000 91401000 269572000 287531000 334915269 378107112 348219315 396308288 X 20967111 22224732 X false true true X false false X 29384605 36038697 22510381 28779876 32185542 148899101 0 0 29384605 36038697 22510381 28779876 32185542 148899101 3339806 145559295 9837204 10318545 6570221 5966980 6271420 38964370 0 0 187863471 47002160 0.77480 0.76620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 59375 17733 77108 42183151 42260259 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 55819 80404 55425 77108 268756 250000 250000 250000 250000 1000000 1500000 30000 60000 30000 59379 179379 true 9699177 1538605 646253 10591529 true 263049000 14333000 39732000 10249000 3240000 303625000 244032000 10319000 21826000 9769000 3359000 263049000 314454000 6768000 -63238000 10082000 3870000 244032000 0.00690 0.97430 0.01880 false false false 5956872 1723454 4233418 98213 54017 44196 1665702 1297171 368531 695304 695304 5341449 99200464 Limited Partnership Investments 81726855 Investment in R&D 525173 Fund Held in Trust by Other 10647600 Deferred Bond Issuance 380248 CSV - Life Insurance Policies 267248 93547124 Accrued Debt Service Interest 132139 132139 63217995 42250884 20967111 22709290 -484558 22224732 43191843 83176493 22709290 -3321460 19387830 63788663 -570668 -570668 63217995 39984650 1095439 1095439 38889211 3361673 3361673 42250884 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S Investment Fees $3361673 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Event Expenses $570668 R&D expenses $524771 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances R&D Revenue $40213 R&D Expense $ -524771 Part V, Line 4 Part V, Line 4: Intended uses of the 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 faculty, and general program 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 disbursement including the amount of the expenditure must be reasonable, for a legitimate business purposes, and with no private benefit. Part IV, Line 2b Part IV, Line 2b: Explanation of escrow account liability The Foundation is named as the trustee and remainder beneficiary of several charitable remainder trusts. In addition, the Foundation has entered into contracts with donors for charitable gift annuities for which the Foundation has accepted contributions. The present value of the liability for future payments is reflected on the Foundation's balance sheet Part IV, Line 1b Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib The Foundation has a contractual arrangement to act as the University's agent in managing the endowment assets of the University's ensuring consistent management of endowment assets that support the University regardless of entity ownership. Central America and the Caribbean 0 0 Investments 9250000 Europe 0 0 Investments 5750000 15000000 15000000 X true false true true true false X X X X X X true Gold Orluk & Partners LLC Avon CT 06001 Event Planner false 804060 201495 602565 Ruffallo Cody PO Box 3018 Cedar Rapi IA 52406 Phone Solicitat false 632530 484842 147688 1436590 686337 750253 WY WI WV DC WA VA VT UT TX SD SC RI PA OR OK OH ND NC NY NM NJ NH NV NE MT MO MS MN MI MA MD ME LA KY KS IA IN IL HI GA FL DE CT CO CA AR AL White Coat Gala 769061 597846 171215 182628 Calhoun Celebrity Golf Classic 415778 361431 54347 127289 15 861611 600029 261582 260751 2046450 1559306 487144 570668 570668 -83524 true University of Connecticut 352 Mansfield Road Unit 2048 Storrs CT 06269 060772160 25085269 0 1 0 Additional Supplemental Information Fund Administration staff receives appropriate documentation prior to making disbursements to ensure compliance with grant restrictions, and to ensure such disbursements are reasonable. X true true X X X false true false false false false false true false false Suzanne O'Conor 161917 3000 16048 180965 Kevin A Edwards 185102 10000 31069 226171 John Martin 331804 48000 35540 29025 444369 Hal Reed 146003 31173 177176 Frank Gifford 128523 3000 25791 157314 Dina Plapler 153000 5000 28277 186277 Deborah Cunningham 143000 5000 14346 162346 David Vance 168015 2000 21501 191516 Christopher Joliat 144554 25725 170279 Brian Otis 145750 5000 27478 178228 Sch J, Part I, Line 7 Part I, Line 7: Non-Fixed payments not listed above The Foundation may give performance based awards based on formal review and with approval of Foundation management and board. Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. The Foundation provides memberships to the Hartford Club for Mr. Martin and Ms. Papler for business related meetings. The amount in 2010 was $5,930 for both memberships and were used solely for Foundation business. CHEFA 060806186 20774UJD8 2007-01-23 7252762 Refunding Series A false false 7974995 502944 236705 7235346 false true true true true false false false false false false X 81 1793296 false true false Schedule R - Related Organizations While the mission of the Foundation is to support the University, under IRS regulations the University does not meet the definition of a "related organization". The Foundation has ten ex-officio board members, six of whom serve by virtue or 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. Schedule G Part I RuffaloCody started phone solicitations in October 2009. Part V, Question 4 b Foreign countries which an account with a financial interest in was located duringthe calendar year:Bermuda, Canada, Cayman Islands, Ireland and Netherland Antilles. Part IX Functional Expenses Column C & D - The allocation between Management and Fundraising is based on the audited financial statements with the exception of:Audit fee 100% ManagementInvestment fees 100% ManagementDonor Cultivation 100% FundraisingCompensation of Officers and Directors is by position:UConn Foundation President: 50% Management 50% FundraisingVP for Development: 100% FundraisingVP for Finance and Controls: 75% Management 25% FundraisingAVP for Treasury Services: 100% Management Form 990, Part III, Line 1 The University of Connecticut Foundation, Inc. mission is to solicit, receive and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. The Foundation operates exclusively to promote the educational, scientific, cultural and recreational objectives of the University. As the primary fundraising vehicle to solicit and administer private gifts and grants which will enhance the University's mission, the Foundation supports UConn's pursuit of excellence in teaching, research, and public service. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Foundation's financial statement and conflict of interest policy are posted on the Foundation's web site and on the Electronic Municipal Market Access system (EMMA), which is available to the public. The Foundation's Articles of incorporation, IRS Determination Letter, IRS Form 990 and By-laws are available upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees See 15a Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Annually the Foundation 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, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The Foundation's Audit Committee reviews the Form 990 and the Form is provided to the entire Board before it is filed. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Two board members serve on a separate board together. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: Program ServicesThe University of Connecticut Foundation, Inc. receives gifts on behalf of donors restricted to the support of programs at the University. 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. OTHER PROGRAM SERVICES 5: The University of Connecticut provides payment to the Foundation for fund raising and development expenses. The Foundation also earns a fee for management of endowment funds held by the University. Client Note 2 - This return is being filed between March 1, 2012 and March 30, 2012, as directed by the IRS in Notice 2012-4, because electronic filing was not available January 1, 2012 through February 29, 2012. We request that penalties be waived because it would be inequitable to impose a penalty on us due to the unusual circumstances requiring us to delay the filing of this return. Client Note 1 - Statement 4Form 990T, Part V, Line 4Bermuda, Canada, Cayman Islands, Ireland,and Netherland Antilles Charitable Remainder Trusts 124 Development CT N/A Trust UConn Research and Development Corp 400 Farmington Avenue MC 6409 Farmington CT 06032 061145567 Start ups CT N/A C Corp 40224 525173 1.00000 false true false false false false false false false false false false false false false true false true Charitable Remainder Trusts 124 r 7710 Cash UConn Research and Development Corp p 550000 Cash UConn Research and Development Corp b 550000 Cash