2011-05-11T15:54:53-07:00 2010-06-30 990 2009-07-01 237394620 UNIVERSITY OF ALASKA FOUNDATION UNIV 9074508122 PO Box 755120 Fairbanks AK 997755120 Jim Lynch 9074508121 2011-05-13 2009 2016-02-24 21:20:13Z Jim Lynch PO Box 755120 Fairbanks AK 997755120 108154876 0 X http://www.alaska.edu/foundation X 1974 AK The mission of the University of Alaska Foundation is to seek, secure, and steward philanthropic support to build excellence at the University of Alaska. 30 26 0 0 -117527 0 31195455 16834492 774040 569227 -1556939 2442521 -12958 -13795 30399598 19832445 18138307 13245937 0 0 0 0 9500 0 547016 2051344 2734564 20199151 15980501 10200447 3851944 161731304 172034720 3444237 3151076 158287067 168883644 The mission of the University of Alaska Foundation is to seek, secure and steward philanthropic support to build excellence at the University of Alaska. 0 0 13245937 13245937 0 The Foundation works in partnership with the University of Alaska's sixteen campus development offices to increase private support of programs and projects that are important to Alaska. The Foundation staff work with campus development staff to identify, cultivate, solicit, close and steward private gifts. The Foundation solely manages the funds entrusted to it for the benefit of the University. In addition, the Foundation manages the investable assets of University's Land Grant Trust Fund. The Foundation is responsible for gift acceptance, gift investment, and gift disbursement to the University. Great care is taken to ensure gifts are used in accordance with donors' wishes. Over 1400 separate named and endowed funds are managed and invested for the benefit of the University. In 2010, the Foundation distributed $13.2 million for the benefit of the University. Included in this amount was $2.6 million distributed for over 1240 scholarships awarded by the University of Alaska. 0 0 0 13245937 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 0 0 1 CJ 0 0 0 1 1 0 0 0 30 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK X X James Lynch 9074508030 910 Yukon Drive Suite 206 Fairbanks AK 99775 X Susan Anderson 0.35 X 0 0 0 William Anderson 0.1 X 0 0 0 Alison Browne 0.91 X 0 0 0 Leo Bustad 0.60 X 0 0 0 Angela Cox 0.31 X 0 0 0 Theodore Fathauer 0.60 X 0 0 0 Sharon Gagnon 0.54 X 0 0 0 Pat Gamble 0 X 0 0 0 Gregory Gursey 0.17 X 0 0 0 Mark Hamilton 0.52 X 0 529886 125100 Mary Hughes 0.93 X 0 0 0 John Hughes 0.17 X 0 0 0 Thomas Jensen 0 X 0 0 0 Wendy King 0.81 X 0 0 0 Betsy Lawer 0.35 X 0 0 0 William MacKay 0.60 X 0 0 0 Robb A Milne 0 X 0 0 0 Bob Mitchell 1.18 X 0 0 0 Richard Mystrom 0.52 X 0 0 0 Ann Parrish 1.1 X 0 0 0 Mike Powers 0.17 X 0 0 0 John Pugh 0.52 X 0 213463 21432 Brian Rogers 0.52 X 0 278653 104545 Grace Schaible 0.35 X 0 0 0 Melody Schneider 0.37 X 0 0 0 Arliss Sturgulewski 0.78 X 0 0 0 Frances Ulmer 0.52 X 0 308728 33985 Carolyne Wallace 0.78 X 0 0 0 Kirk Wickersham 0.52 X 0 0 0 Eric Wohlforth 0.84 X 0 0 0 Carla Beam 0.67 X 0 0 0 Mike Felix 1.25 X 0 0 0 Jo Michalski 0.67 X 0 0 0 James Lynch 16 X 0 123490 41046 Mary Rutherford 30 X 0 167676 40342 Tamera Weaver 30 X 0 110860 18770 David Woodley 40 X 0 133454 19400 0 1866210 404620 0 0 1 0 University of Alaska PO Box 756540 Fairbanks AK 997756540 Procurement of Staff 1999509 1 0 114268 213166 890000 0 15617058 229991 16834492 Associated Entity Service Fee 541200 541749 541749 0 0 Membership Revenue 900099 9760 9760 0 0 Student Investment Fund 541200 7823 7823 0 0 Campaign Revenue 900099 6049 0 0 6049 Cultural Events 900099 3450 3450 0 0 396 396 0 0 569227 2114358 0 22511 2091847 0 0 0 0 0 0 0 0 171 0 0 0 171 0 171 0 0 171 88654681 -172139 88122672 31707 532009 -203846 328163 0 -140038 468201 152665 213166 164331 -11666 0 0 -11666 1421 3721 -2300 0 0 -2300 0 19832445 563178 -117527 2552302 13205937 13205937 40000 40000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 405033 0 348028 57005 0 0 0 0 484398 0 484398 0 0 0 0 0 0 0 166897 0 166897 0 1190303 0 807478 382825 2494 0 0 2494 112343 0 77226 35117 91194 0 81678 9516 22 0 22 0 63259 0 47117 16142 136343 0 109509 26834 0 0 0 0 26941 0 26619 322 0 0 0 0 0 0 0 0 0 0 0 0 8890 0 8890 0 Tuition/Registration 19483 0 15859 3624 Catering/Decor 7068 0 3074 3994 Subscriptions/Books 8133 0 1690 6443 Dues/Memberships 11584 0 8902 2682 179 0 161 18 15980501 13245937 2187548 547016 0 0 41461332 48696728 17746087 13495945 9772 9772 0 0 0 0 144848 889186 32001 39230 0 0 0 0 0 0 67882354 62493689 33539168 45420520 380947 464060 0 0 534795 525590 161731304 172034720 172869 303283 1954893 1436809 0 0 0 0 0 0 0 0 1316475 1410984 0 0 0 0 3444237 3151076 X 31233061 33832417 67359072 62741974 59694934 72309253 158287067 168883644 161731304 172034720 X 0 1 1 X 0 X 18219607 20870452 29971488 31195455 16834492 117091494 0 0 0 0 0 41273 43337 45504 47780 54980 232874 18260880 20913789 30016992 31243235 16889472 117324368 43021741 74302627 3438275 4003014 3631696 2269150 2114529 15456664 -3276 -23515 -95 -70881 -117527 -215294 0 0 0 0 132565738 2429331 0.56050 0.52727 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92958433 14541688 8021776 1781961 0 924376 112815560 116479674 13351507 -27400698 4302142 3881270 1288638 92958433 0.28 0.72 0 0 0 0 0 0 0 0 0 0 0 Fixed Income Funds 20727060 F Hedged Funds 8558910 F Real Estate 492991 F Natural Resources Private Equity 2753011 F Venture Capital Private Equity 1503367 F Private Equity 7835062 F Distressed Debt 1570424 F Mezzanine Financing 1287530 F Commodities 692165 F 45420520 Student Investment Fund 464060 F 464060 Artwork 488241 Miscellaneous Items 37349 525590 0 0 19832445 15980501 3851944 6843732 0 0 0 -99099 6744633 10596577 26454316 6843732 0 0 -215354 6628378 19825938 166897 -160390 6507 19832445 15857739 0 0 0 160390 160390 15697349 166897 116255 283152 15980501 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Earnings on endowments are used to support the University of Alaska as specified by our donors including, but not limited to, scholarships, fellowships, professorships and department support. The University of Alaska and the Foundation are invested jointly in the Consolidated Endowment Fund. The University has 53% ownership and the Foundation has 47% ownership. SchD_P10_S00_L00 Schedule D, Part X The foundation is an organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is generally not subject to federal income taxes. Contributions to the foundation are deductible for tax purposes by the donor, subject to the normal limitations imposed by the taxing authorities. However, the foundation is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded from any unrelated trade or business. In the opinion of management any unrelated business income tax would be immaterial to the basic financial statements taken as a whole. Beginning with the adoption of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes, included in FASB ASC Subtopic 740-10, as of July 1, 2009, the foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Annual actuarial adjustment calculated on the charitable remainder trust liability. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Loss on pledges was reclassified to bad debt expense for <116,255>. Adjustment of remainder trust liability was reclassified to adjustment of fund balance for <99,099>. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Event expenses were included in the revenue section for <164,331>. Cost of goods sold were reported in the revenue section for <3,721>. Event expenses from outside sources were posted to increase revenue and expenses for 7,662. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Direct event expenses were reported in the revenue section for <156,669>. Cost of goods sold was reported in the revenue section for <3,721>. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Loss on pledges was reclassified to bad debt expense for 116,255. Central America and the Caribbean 0 0 Investments 0 0 0 Celebrity Chef Dinner 112946 95246 17700 0 0 0 8202 665 16347 PWSCC Dinner and Auction 50313 17795 32518 500 0 291 6660 0 21259 12 192863 96893 95970 0 0 4410 31857 1425 61079 356122 209934 146188 500 0 4701 46719 2090 98685 152695 -6507 1 University of Alaska PO Box 755000 Fairbanks AK 997755000 926000147 115 13130856 75081 Fair Market Value on date property received Airline Vouchers Scholarships and other departmental support for university programs. 0 0 Distinguished Service Awards 2 40000 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All grant funds provided to the university are required to include appropriate documentation providing details on expenditures, including authorized signature authority. All scholarship requests are monitored by review of the criteria related to the scholarship, which provides assurance that the recipient meets eligibility requirements. Student progress is monitored to assure continued compliance with established criteria. X X X 0 0 0 0 0 0 0 0 0 Mark Hamilton 0 310280 0 210000 0 9606 0 65461 0 118265 0 713612 0 70000 Brian Rogers 0 269403 0 0 0 9250 0 57185 0 71223 0 407061 0 0 Frances Ulmer 0 257618 0 5000 0 46110 0 33985 0 716 0 343429 0 0 John Pugh 0 210141 0 0 0 3321 0 10009 0 12974 0 236445 0 0 Mary Rutherford 0 161742 0 0 0 5934 0 36277 0 12884 0 216837 0 0 James Lynch 0 120969 0 0 0 2521 0 41046 0 357 0 164893 0 0 David Woodley 0 129031 0 2500 0 1923 0 6938 0 12811 0 153203 0 0 X 10 99097 Market Quotation X Airline Tickets 1 78533 Avg tkt price on date of contrib X Various Auction Items 482 52361 FMV at date of donation 0 0 1 0 SchM_P01_S00_L00 Schedule M, Part I Our organization is reporting the number of contributions received. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Mary and John Hughes have a family relationship as well as a business relationship. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The Accounting Manager prepares a detailed preliminary review of the Form 990 for the Foundation President, Treasurer, and Chief Investment Officer. At this meeting the staff will resolve issues and define key components of this filing. A full comprehensive review is performed by a paid consultant prior to the final executive summary presentation made to the Finance and Audit Committee during a regularly scheduled meeting. All trustees are invited to this presentation, and full copies of the Form 990 are posted and available for review on a secure section of the Foundation's website. In addition, the Form 990 is made available at the University of Alaska Foundation website within 10 days of filing, which is accessible by all board members as well as the general public. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The University of Alaska Foundation has a Conflict of Interest Policy which applies to board members, all committees, subcommittees, officers, employees and volunteers having board-delegated powers. This policy is distributed annually and each recipient reviews the policy, signs it and returns it to the Board Coordinator indicating either no conflicts or disclosing any existing or foreseeable conflicts. Any disclosures are then forwarded to the Executive Committee for review and action. The policy provides that potential conflicts are to be disclosed to the board, committee, officer or supervisor as soon as practicable after becoming aware of a potential conflict. If a conflict is disclosed in a meeting, the person with interest is asked to leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict. If appropriate, another person or committee may be appointed to investigate alternatives to the proposed transaction or arrangement. The nature of the potential conflict, the determination by the board or committee, and the details of any votes taken are documented in the minutes of the meeting. Any person violating the Conflict of Interest Policy shall be subject to appropriate discipline, including dismissal or removal from office. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President of the University of Alaska Foundation also carries the title of Chief Development Officer for the University of Alaska, and as such, compensation is determined in conjunction with University. In determining compensation for this individual, the Vice President of University Relations at the University of Alaska collects market survey data and recommends a salary range. The compensation for this position is based on data from the College and University Professional Association for Human Resources (CUPA-HR). Additional resources include data from the Council for the Advancement and Support of Education, and The Association of Governing Boards for Colleges and Universities. The Vice President of University Relations reviews the compensation package on an annual basis to determine any adjustments that should be made, and the entire package is reviewed by the President of the University. The Board of Trustees for the Foundation demonstrated approval when passing the operating budget for the year on June 17,2009, which is substantiated in the minutes of the meeting.The Chief Investment Officer for the Foundation is also an employee of the University of Alaska, with compensation for this individual falling under the university compensation policies. Salary for this position is based on duties and responsibilities for the position that relate to the University of Alaska as well as those for the Foundation. Compensation for this position is based on data from the College and University Professional Association for Human Resources (CUPA-HR), and is reviewed on an annual basis. Compensation for the CIO was approved when the operating budget was approved at the regularly scheduled meeting on June 17,2009. The Treasurer for the Foundation is also an employee of the University of Alaska and holds the title Associate Vice President for Finance. He receives no compensation from the Foundation, and his salary structure falls under university policies, with an annual review. Compensation for this officer is not approved by the Board of Trustees since this individual is not compensated by the University of Alaska Foundation. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The articles of incorporation and financial statements are available to the general public on at the Foundation website, www.alaska.edu/foundation. The conflict of interest policy is available to the general public upon request. F990_P07_S0A_L01b Form 990, Part VII, Section A, Line 1b The following individuals are full time employees of the University of Alaska: Mark Hamilton, Brian Rogers, Fran Ulmer, John Pugh, Mary Rutherford, Jim Lynch , Tamera Weaver and David Woodley. Mark Hamilton, Brian Rogers, Fran Ulmer and John Pugh work at least 40 hours per week in their capacity as president or chancellor of the institution. Mary Rutherford and Tamera Weaver provide services to the university for a minimum of 10 hours per week. Jim Lynch provides services for the university for a minimum of 24 hours per week. David Woodley is an adjunct instructor for the university in addition to serving in a full time capacity for the foundation. SchB_P01_S00_L00 Schedule B, Part I On Schedule A Part I the Foundation qualifies for Public Charity Status by definition on line 5. This organization also meets the basis for a non-private foundation classification under section 170(b)(1)(A)(vi) which allows us to meet the 2% of the amount on Part VII, line 1h threshold for reporting. SchR_P02_S00_L00 Schedule R, Part II The University of Alaska does not meet the definition of a "related organization" for required reporting on Form 990, Schedule R. Although the University is supported by the University of Alaska Foundation, the Foundation is a public charity under Section 170(b)(1)((A)(iv) rather than under Section 509(a)(3). The University of Alaska Foundation is voluntarily reporting data upon Part VII and Schedule R as though there were a 509(a)(3) supporting/supported relationship in place with the University because management believes that donors and other readers of the Form 990 have an expectation that this information will be included on this Form 990. University of Alaska PO Box 756540 Fairbanks AK 997756540 926000147 Education through teaching, research AK Govt N/A U of A Land and Buildings PO Box 755120 910 Yukon Drive Fairbanks AK 997755120 943126737 Holds title to real property AK 501 (c) (2) N/A William P Johnson Unitrust 207 Butrovich Building Fairbanks AK 99775 926019892 Charitable Remainder Unitrust AK N/A T 0 40822 0.53 West Charitable Remainder Trust 207 Butrovich Building Fairbanks AK 99775 920162872 Charitable Remainder Annuity Trust AK N/A T 0 319694 0.56 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1