2011-05-09T09:39:28-05:00 2010-06-30 Postlethwaite & Netterville 8550 United Plaza Blvd Suite 1001 Baton Rouge LA 70809 990 2009-07-01 726020969 L S U FOUNDATION LSUF 2255783811 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 GINA M DUGAS 2255784341 2011-05-04 1 Candy Wright 2259224600 2009 2016-02-24 21:20:13Z WILLIAM G BOWDON 3838 W LAKESHORE DR BATON ROUGE LA 70808 319447127 0 X www.lsufoundation.org X 1960 LA THE MISSION OF THE LSU FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 25 25 65 25 -15637 -15637 20137203 31561414 0 9229326 5191097 1061129 1081771 30427658 37834282 16855833 35353048 0 5493153 5688617 35930 5240 3991418 9510105 10172868 31895021 51219773 -1467363 -13385491 436647922 463897474 96267351 104046093 340380571 359851381 THE MISSION OF THE LSU FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU, THE LSU AGRICULTURAL CENTER, THE LSU PAUL M. HEBERT LAW CENTER, AND THE LSU SYSTEM OFFICE. THE FOUNDATION ENCOURAGES AND RECEIVES PHILANTHROPIC GIFTS AND BEQUESTS, INCLUDING BOTH RESTRICTED AND UNRESTRICTED GIFTS. THE FOUNDATION ALSO MANAGES THE INVESTMENT OF ENDOWED FUNDS AND OTHER PRIVATE ASSETS. GIFTS TO THE FOUNDATION ADD A MARGIN OF EXCELLENCE OVER AND ABOVE THE APPROPRIATE LEVEL OF STATE SUPPORT AND ARE NOT INTENDED TO REPLACE STATE FUNDS. MOST IMPORTANTLY, BEHIND EVERY GIFT TO THE FOUNDATION THERE IS AN INDIVIDUAL OR ORGANIZATION DETERMINED TO ADVANCE THE QUALITY OF EDUCATION. 0 0 13751072 ACADEMIC AND RESEARCH ACTIVITIES: DIRECT SUPPORT OF EXTENSIVE SCOPE OF ACADEMIC AND RESEARCH PROGRAMS CONDUCTED BY THE ACADEMIC COLLEGES AND RESEARCH CENTERS WITHIN LSU, LSU AGRICULTURAL CENTER, AND LAW CENTER. THESE PROGRAMS ARE INTEGRAL TO THE ACCOMPLISHMENTS OF LSU'S MISSION, AND THE FOUNDATION PROVIDES CRUCIAL FUNDING TO SUPPLEMENT STATE APPROPRIATIONS. 4851982 CHAIRS AND PROFESSORSHIPS: SUPPORT OF THE SCHOLARLY RESEARCH ACTIVITIES OF LSU'S DISTINGUISHED FACULTY WHO HAVE BEEN HONORED WITH APPOINTMENT BY THE UNIVERSITY TO DESIGNATED CHAIRS AND PROFESSORSHIPS. THE WIDE VARIETY OF SUPPORT PROVIDED INCLUDES SALARY SUPPLEMENTS, EQUIPMENT PURCHASES AND RESEARCH-RELATED TRAVEL. THIS SUPPORT IS CRITICAL TO THE UNIVERSITY'S ABILITY TO RECRUIT AND RETAIN FACULTY WHO ARE EMINENT IN THEIR FIELDS. 20593690 CAPITAL OUTLAY AND IMPROVEMENTS: FUNDING FOR EQUIPMENT, FURNISHINGS & MINOR RENOVATIONS FOR UNIVERSITY FACILITIES, AS WELL AS MAJOR CONSTRUCTION PROJECTS FOR THE UNIVERSITY'S BENEFIT, THE MOST SIGNIFICANT BEING THE CONSTRUCTION OF A NEW BUSINESS EDUCATION COMPLEX. 4453376 OTHER PROGRAM SERVICES INCLUDE: (1) SCHOLARSHIPS & FELLOWSHIPS: AWARDS TO THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE STUDENTS BASED ON BOTH MERIT AND NEED, (2) SALARY SUPPORT FOR ACADEMIC POSITIONS, (3) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS CHANCELLOR'S DISTINGUISHED LECTURE SERIES AND HOSTING VISITING SCHOLARS, (4) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (5) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (6) INSTITUTIONAL ADVANCEMENT. 4453376 43650120 1 1 0 0 0 0 1 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 1 176 0 65 1 0 1 CJ 0 0 0 1 1 0 0 0 25 25 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GINA DUGAS 2255783811 3838 W LAKESHORE DR BATON ROUGE LA 70808 J LANIER YEATES 1.00 X 0 0 0 CHARLES A LANDRY 2.00 X 0 0 0 ROBERT H CROSBY III 1.00 X 0 0 0 MARK K ANDERSON 1.00 X 0 0 0 JEFF H BENHARD 1.50 X 0 0 0 J HERBERT BOYDSTUN 1.50 X 0 0 0 J TERRELL BROWN 1.50 X 0 0 0 LAURA L DAUZAT 2.00 X 0 0 0 WILLIAM T FIRESHEETSII 1.50 X 0 0 0 T CASS GAIENNIE 1.00 X 0 0 0 G LEE GRIFFIN 1.50 X 0 0 0 FRANK W HARRISON III 1.50 X 0 0 0 GARY L LABORDE 1.50 X 0 0 0 GENE W LAFITTE 1.00 X 0 0 0 LAURA A LEACH 1.00 X 0 0 0 DOUGLAS MANSHIP JR 1.00 X 0 0 0 WILLIAM B OWENS 1.00 X 0 0 0 JAMES R PELTIER 1.00 X 0 0 0 JOHN SHACKELFORD 1.00 X 0 0 0 SUE W TURNER 1.00 X 0 0 0 BURTON D WEAVER JR 1.00 X 0 0 0 WILLIAM H WRIGHT JR 1.00 X 0 0 0 FELIX R WEILL 1.50 X 0 0 0 ROBERT W DAIGLE 1.00 X 0 0 0 ROBERT M STUART JR 1.00 X 0 0 0 DAVID MEANS 1.00 X 0 0 0 William G BOWDON 40.00 X 333990 0 20455 GINA M DUGAS 40.00 X 168222 0 17502 JEFFERY L MCLAIN 40.00 X 189622 0 27784 WILLIAM L SILVIA JR 1.00 X 0 0 0 GEORGE T MOSS 40.00 X 134071 0 17762 KUSHAL DASGUPTA 40.00 X 102884 0 15372 ANN M MARMANDE-FRENZEL 40.00 X 104491 0 16393 MICHAEL R ROBINSON 40.00 X 107037 0 13032 1140317 0 128300 7 0 1 0 SUNGARD HIGHER EDUCATION ADVANCEMENT 2615 COLLECTION CENTER DRIVE CHICAGO IL 60693 IT MAINTENANCE & CONSULTING 242426 ADVANCE INNOVATIVE EDUCATION 100 LAFAYETTE ST 232 BATON ROUGE LA 70801 ACADEMIC PROGRAM CONSULTING 200000 ROGERS CASEY PO BOX 18239 BRIDGEPORT CT 06601 INVESTMENT CONSULTANTS 173940 ADAMS & REESE LLP 401 9TH ST NW STE 610 S WASHINGTON DC 20004 ATTORNEYS AT LAW 167140 ROEDEL PARSONS KOCH FROST BALHOFF & MCCO 8440 JEFFERSON HWY 301 BR LA 70809 ATTORNEYS AT LAW 166146 6 247485 31313929 2103472 31561414 327650 -15637 343287 64846 64846 286044687 281181240 4863447 4863447 4863447 327862 247485 374401 -46539 -46539 134624 57204 77420 77420 FUND MANAGEMENT FEES 541900 986044 986044 986044 37834282 4863447 -15637 1425058 35353048 35353048 928146 526914 401232 3783213 1355848 2427365 218327 78041 140286 489262 202272 286990 269669 113261 156408 133612 133612 57219 57219 5240 5240 217826 217826 1492528 1427813 64715 114335 114335 1093949 876292 111990 105667 255983 229429 26554 157870 137325 20545 674683 617352 12573 44758 23404 6198 17206 31440 31440 3493962 3493962 80563 80563 177723 177723 OFFICIAL UNIV. FUNCTION 1237709 1237709 UNIVERSITY SUPPORT 612504 612504 DEVELOPMENT/PROMOTION 221626 221626 DUES AND SUBSCRIPTIONS 78940 55734 23206 MISCELLANEOUS 16992 16992 51219773 43650120 3578235 3991418 26071309 18483726 32015495 27236145 95017 103628 52937 33934 245549 125272 6989424 1446006 5636275 5543418 265325218 300243173 85963279 90982292 21242843 21145886 436647922 463897474 3265836 2620286 5038730 8155000 7525000 2394367 79807785 91506440 96267351 104046093 X 30037969 28830630 121322553 138160732 189020049 192860019 340380571 359851381 436647922 463897474 X 0 1 1 X 0 X 28400031 59688977 44566521 20137203 32547466 185340198 28400031 59688977 44566521 20137203 32547466 185340198 1163855 184176343 23340698 15895318 20123225 9312054 5255943 73927238 259267436 1474923 0.71040 0.66370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1000000 1000000 1000000 3000000 4500000 181330 184147 147083 512560 250000 250000 250000 750000 1125000 10548 4698638 X X X X X COMMUNITY EDUCATIONAL PROGR 1 202776443 5975663 38723691 13907218 233568579 271762671 2736124 -59414992 12307360 202776443 0.17000 0.83000 0.00000 0 0 514362 514362 1470339 1416244 54095 5004723 29762 4974961 5543418 CERTIFICATE OF DEPOSIT 395000 F SHORT TERM INVESTMENT FUND 1700062 F COMMINGLED FUNDS 18045025 F PRIVATE EQUITY 13293618 F HEDGED FUNDS 57435714 F POOLED INCOME FUND 112873 F 90982292 FUNDS MANAGED FOR OTHER ENTITIES 91115828 OTHER CURRENT LIABILITIES 131988 COMPENSATED ABSENCES PAYABLE 258624 91506440 37834282 51219773 -13385491 32856301 32856301 19470810 74042192 32856301 3351609 36207910 37834282 0 37834282 54571382 3351609 3351609 51219773 0 51219773 Part III, Line 4: The main collections owned by the LSU Foundation consist of artwork and historical items on display and in the custody of LSU's Museum of Art, a component unit which furthers the public service mission of the University. THE MUSEUM OF ART'S DIVERSE PERMANENT COLLECTION INCLUDES SIGNIFICANT PORTRAITURE AND DECORATIVE ARTS, NEWCOMB POTTERY, AND CHINESE JADE FROM THE CHI QING DYNASTY. Part V, Line 4: Description of Intended Use of Endowment Funds: The organization's endowment funds provide financial support in furtherance of the academic and research components of the University's mission, including scholarships, graduate assistantships and fellowships, and faculty chairs and distinguished professorships. Part X: Description of Uncertain Tax Positions Under FIN 48: THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2007. Part XII, Line 2d - Other Adjustments: SERVICE FEES: 3351609. Part XIII, Line 2d - Other Adjustments: SERVICE FEES: 3351609. IN JUNE 2006, THE FASB ISSUED FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ("FIN 48"), AN INTERPRETATION OF FASB STATEMENT NO. 109. FIN 48 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH SFAS NO. 109, ACCOUNTING FOR INCOME TAXES ("SFAS 109"). FIN 48 CLARIFIES THE APPLICATION OF SFAS 109 BY DEFINING A CRITERION THAT AN INDIVIDUAL TAX POSITION MUST MEET FOR ANY PART OF THE BENEFIT OF THAT POSITION TO BE RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. ADDITIONALLY, FIN 48 PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGEMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS COMPLETED ITS EVALUATION OF THE IMPACT OF THIS STANDARD, AND THE FOUNDATION IS UNAWARE OF ANY TAX POSITIONS THAT WOULD REQUIRE DISCLOSURE. EAST ASIA AND THE PACIFIC FUNDRAISING EUROPE FUNDRAISING MIDDLE EAST AND NORTH AFRICA FUNDRAISING NORTH AMERICA FUNDRAISING NoRTH AMERICA INVESTMENTS 555302 CENTRAL AMERICA INVESTMENTS 61290104 EAST ASIA AND THE PACIFIC INVESTMENTS 748965 EUROPE INVESTMENTS 264834 0 0 62859205 Schedule F, Part IV Other Information LSU FOUNDATION RECEIVES DONATIONS FROM DONORS WHO RESIDE IN FOREIGN COUNTRIES. THERE ARE NO EXPENSES ASSOCIATED WITH THESE DONATIONS. THE FOLLOWING IS A LIST OF THE REGIONS AND THE AMOUNTS RECEIVED FROM EACH REGIONS: 1) EAST ASIA AND THE PACIFIC - $2,500 2) EUROPE - $11,500 3) MIDDLE EAST AND NORTH AFRICA - $1,110 4) NORTH AMERICA (NOT INCLUDING UNITED STATES) - $1,725 SDMI NATIONAL EVACUATION CONFERENCE 89871 0 89871 67763 34138 LSU CHANCELLOR'S DUCK HUNT 65000 63950 1050 6750 3351 22 420476 183535 236941 28967 80282 153150 575347 247485 327862 28967 154795 190639 374401 -46539 1 LOUISIANA STATE UNIVERSITY 204 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 501(C)(3) 35353048 UNIVERSITY ACADEMIC AND RESEARCH SUPPORT, INCLUDING SCHOLARSHIPS, GRADUATE FELLOWSHIPS AND FACULTY CHAIRS AND PROFESSORSHIPS. 1 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE LSU FOUNDATION PROVIDES GRANTS OR ASSISTANCE, IN ACCORDANCE WITH ITS STATED MISSION, TO LOUISIANA STATE UNIVERSITY, THE LSU PAUL M. HEBERT LAW CENTER, THE LSU AGRICULTURAL CENTER AND THE LSU SYSTEM OFFICE, IN THE FORM OF REIMBURSEMENTS OF EXPENSES MADE IN SUPPORT OF THE BENEFICIARY PURPOSES FOR WHICH PRIVATE FUNDS WERE CONTRIBUTED TO THE FOUNDATION. THE UNIVERSITY IS PROVIDED WITH THE BALANCE OF FUNDS AVAILABLE IN FOUNDATION ACCOUNTS FOR SPECIFIC RESTRICTED PURPOSES. ON A MONTHLY BASIS, THE UNIVERSITY PROVIDES THE FOUNDATION WITH A REPORT OF THE EXPENSES MADE IN SUPPORT OF THOSE SPECIFIC PURPOSES TO BENEFIT THE UNIVERSITY; ON PRESENTATION OF THIS REPORT, THE FOUNDATION REIMBURSES THOSE EXPENSES AS A GRANT OF ASSISTANCE TO THE UNIVERSITY. THE UNIVERSITY MAKES AVAILABLE TO THE FOUNDATION ALL DOCUMENTATION IN SUPPORT OF INDIVIDUAL ITEMS OF EXPENSE, AND THIS DOCUMENTATION IS ALSO MADE AVAILABLE TO THE FOUNDATION'S EXTERNAL AUDITORS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 William G BOWDON 319266 0 0 0 14724 0 17150 0 3305 0 354445 0 0 0 GINA M DUGAS 160508 0 0 0 7714 0 11929 0 5573 0 185724 0 0 0 JEFFERY L MCLAIN 181445 0 0 0 8177 0 13795 0 13989 0 217406 0 0 0 GEORGE T MOSS 126236 0 0 0 7835 0 9643 0 8119 0 151833 0 0 0 LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546398FJ2 2003-04-30 31555000 SEE SCHEDULE O 0 0 12725000 2203477 220000 10301523 2004 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 1 0 ROBERT M STUART JR BOARD MEMBER 2700000 ROBERT M. STUART, JR. IS THE LOUISIANA PRESIDENT OF CAPITAL ONE BANK, WHICH HAS FACILITATED DEBT FINANCING ARRANGEMENTS APPROXIMATING $20 MILLION AS OF JUNE 30, 2010, INVOLVING LSU FOUNDATION. MR. STUART WAS NOT, HOWEVER, A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS WHEN THIS DEBT FINANCING WAS APPROVED NOR WHEN THE FINANCING ARRANGEMENTS WERE EXECUTED. A NEW LOAN WAS ORIGINATED JANUARY 19, 2010 IN THE AMOUNT OF $2.7 MILLION. MR. STUART WAS BOARD MEMBER AT THE TIME OF THIS TRANSACTION, BUT ABSTAINED FROM PARTICIPATING IN ANY DISCUSSIONS OR NEGOTIATIONS SURROUNDING THESE FINANCING ARRANGEMENTS. MR. STUART ALSO ABSTAINED FROM VOTING ON ITEMS RELATED TO SUCH TRANSACTIONS. LSU FOUNDATION HAS PAID APPROXIMATELY $95,000 IN INTEREST TO CAPITAL ONE BANK DURING THE FISCAL YEAR ENDED JUNE 30, 2010. 0 X 1 8500 OPINION OF EXPERTS X 1548 OPINION OF EXPERTS X 50 1741370 MARKET PRICE X 1 222000 OPINION OF EXPERTS X 68 125550 OPINION OF EXPERTS X OIL & GAS INTEREST 1 4504 MARKET PRICE 0 0 1 1 Third Party Use: Part I, Line 32b: LSU FOUNDATION HIRES THE FOLLOWING TO SELL NON-CASH CONTRIBUTIONS: 1) REAL ESTATE AGENTS - SELL DONATED REAL ESTATE, WHEN APPLICABLE 2) STOCK BROKERS - SELL DONATED STOCK THROUGH BROKERAGE ACCOUNTS 3) AUCTION HOUSES - SELL DONATED ART Form 990, Part VI, Section A, line 2 Charles A. Landry & Robert Daigle each own greater than 10% of Traditional Neighbor Consulting, LLC. Form 990, Part VI, Section A, line 2 ROBERT M. STUART, JR. AND WILLIAM B. OWENS ARE BOTH BOARD MEMBERS OF LSU FOUNDATION. ROBERT M. STUART, JR. IS THE LOUISIANA PRESIDENT OF CAPITAL ONE BANK, AND WILLIAM B. OWENS IS THE PRESIDENT OF ALEXANDRIA LA CITY BOARD OF CAPITAL ONE BANK. Form 990, Part VI, Section A, line 4 THE FOUNDATION AMENDED THE FOLLOWING BYLAWS DURING THE TAX YEAR ENDED JUNE 30, 2010: (1) ARTICLE II PURPOSES AND FUNCTIONS, SECTION 2., POWER AND AUTHORITY: "THE CORPORATION SHALL HAVE THE CAPACITY TO ACT THROUGH ITS BOARD OF DIRECTORS AND, EXCEPT TO THE EXTENT INCONSISTENT WITH THE CORPORATION'S ARTICLES OF INCORPORATIOIN, THESE BYLAWS OR APPLICABLE LAW, SHALL ENJOY ALL RIGHTS AND PRIVILEGES POSSESSED BY NATURAL PERSONS AND THE AUGHORITY TO PERFORM THOSE ACTS WHICH ARE NECESSARY OR PROPER TO ACCOMPLISH THE OBJECTS AND PURPOSES OF THE CORPORATION AS EXPRESSED OR IMPLIED IN THE CORPORATION'S ARTICLES OF INCORPORATION ("ARTICLES") OR THAT MAY BE INCIDENTAL THERETO, AND ALL SUCH ACTS MAY BE PERFORMED BY THE CORPORATION THAT ARE NOT IN VIOLATION OF THE ARTICLES OR THESE BYLAWS" (2) ARTICLE V MEETING OF THE MEMBERSHIP, SECTION 1., ANNUAL MEETING: "A GENERAL MEETING OF THE MEMBERSHIP MAY BE HELD ANNUALLY AT THE DOMICILE OF THE CORPORATION DURING THE LAST QUARTER OF EACH CALENDAR YEAR ("ANNUAL MEETING")." (3) ARTICLE VI BOARD OF DIRECTORS, SECTION 3., ANNUAL MEETING: "aNNUALLY A SLATE OF AT LEAST FOUR (4) NOMINEES SHALL BE PRESENTED BY THE NOMINATING COMMITTEE TO THE BOARD FOR ELECTION TO THE BOARD FOR A TEMR OF FOUR (4) YEARS." (5) ARTICLE VI BOARD OF DIRECTORS, SECTION 5., EXPANSION OF BOARD: "UPON THE EXPANSION OF THE NUMBER OF ELECTED DIRECTORS, SUCH NEW MEMBERS SHALL BE ELECTED BY THE BOARD FOR THEIR INITIAL FOUR (4) YEAR TERM." (6) ARTICLE VII MEETINGS OF THE BOARD OF DIRECTORS, SECTION 4., ANNUAL MEETING: "AN ANNUAL MEETING OF THE BOARD MAY BE HELD IN THE LAST QUARTER OF EACH CALENDAR YEAR." (7) ARTICLE IX MEETING OF THE MEMBERS: "A GENERAL MEETING OF THE MEMBERS OF THE CORPORATION MAY BE HELD AT THE DOMICILE OF THE CORPORATION DURING THE LAST QUARTER OF EACH CALENDAR, WHICH SAID MEETING IS SOMETIMES HEREINAFTER REFERRED TO AS THE ANNUAL MEETING." (8) ARTICLE XI OFFICERS: "THE OFFICERS OF THIS CORPORATION SHALL BE A CHAIRMAN OF THE BOARD, CHAIRMAN-ELECT OF THE BOARD, A PRESIDENT AND CHIEF EXECUTIVE OFFICER, A CORPORATE SECRETARY, A CHIEF FINANCIAL OFFICER, A VICE PRESIDENT FOR DEVELOPMENT AND A CHIEF INVESTMENT OFFICER AND SUCH OTHER OFFICERS AS THE BOARD OF DIRECTORS MAY IN ITS DISCRETION DETERMINE TO BE REQUIRED, OR AS PROVIDED IN THE BYLAWS, WHO SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS AS SOON AS PRACTICABLE AT ITS ANNUAL MEETING." (9) AUDIT COMMITTEE CHARTER, SECTION III, MEETINGS OF AUDIT COMMITTEE: ADDITION "AT LEAST ANNUALLY, THE AUDIT COMMITTEE WILL MEET IN EXECUTIVE SESSION ON AN INDIVIDUAL BASIS WITH THE PRESIDENT/CEO AND CFO, RESPECTIVELY." (10) AUDIT COMMITTEE CHARTER, SECTION IV, POWERS OF THE AUDIT COMMITTEE, SUBSECTION B, OTHER POWERS: ADDITION "REVIEW ANNUALLY WITH MANAGEMENT THE POLICIES, PROCEDURES AND CURRENT PRACTICES RELATED TO TRAVEL AND ENTERTAINMENT EXPENSES WITH RESPECT TO OFFICERS, KEY EMPLOYEES (PRESIDENT/CEO, CFO) AND OTHER DISQUALIFIED PERSONS AS DEFINED UNDER INTERNAL REVENUE CODE SECTION 4958, INCLUDING ANY EXCESS BENEFIT TRANSACTIONS." (11) ARTICLE XII LIABILITY OF DIRECTORS AND OFFICERS: "LSU FOUNDATION SHALL INDEMNIFY ANY PERSON WHO WAS OR IS A PARTY OR IS THREATENED TO BE MADE A PARTY TO ANY ACTION, SUIT OR OTHER PROCEEDING (WHETHER CIVIL, CRIMINAL, ADMINISTRATIVE OR INVESTIGATIVE, INCLUDING ANY ACTION BY OR IN THE RIGHT OF THE CORPORATION) BY REASON OF THE FACT THAT SUCH PERSON IS OR WAS A DIRECTOR, OFFICER, EMPLOYEE, OR AGENT OF THE CORPORATION OR IS OR WAS SERVING AT THE REQUEST OF THE CORPORATION AS A DIRECTOR, OFFICER, EMPLOYEE OR AGENT OF ANOTHER BUSINESS, FOREIGN OR NON-PROFIT CORPORATION, LIMITED LIABILITY COMPANY, PARTNERSHIP, JOINT VENTURE OR OTHER ENTERPRISE, AGAINST EXPENSES (INCLUDING ATTORNEY'S FEES), JUDGMENTS, FINES AND AMOUNTS PAID IN SETTLEMENT ACTUALLY AND REASONABLY INCURRED IN CONNECTION WITH SUCH ACTION, SUIT OR PROCEEDING UPON A DETERMINATION, AS SET FORTH BELOW, THAT THE APPLICABLE STANDARD, AS DEFINED BELOW, HAS BEEN MET. THIS INDEMNIFICATION SHALL COVER AND INCLUDE EXPENSES (INCLUDING ATTORNEY'S FEES AND AMOUNTS PAID IN SETTLEMENT, NOT EXCEEDING IN THE JUDGMENT OF THE BOARD OF DIRECTORS, THE ESTIMATED EXPENSES OF LITIGATING." Form 990, Part VI, Section A, line 6 THE FOUNDATION HAS MEMBERS. Form 990, Part VI, Section A, line 7a Board members are elected by members of the Foundation Form 990, Part VI, Section B, line 11 The CFO reviews the Form 990 with the Audit Committee. The CFO provides a copy of the Form 990 to the entire board of directors and seeks comment and feedback prior to filing. Form 990, Part VI, Section B, line 12c All Board Members and Officers complete a Disclosure Statement questionnaire on an annual basis in which they are asked to provide information on entities for which they are board members, partners, officers, or principal owners. The Foundation Legal Counsel reviews such Disclosure Statements for identification of potential conflicts. Also, prior to execution of all contracts, the Foundation requires the vendor to complete a Disclosure Statement listing the principals for the contract. These vendor Disclosure Statements are compared by the Legal OFFICE to the disclosures provided by Board Members and Officers and reviewed by THE Legal OFFICE to determine if any potential conflicts of interest exist. Legal counsel shall address any concerns brought to him by the legal office regarding potential conflicts of interest with the Board of Directors. Additionally, the Board periodically performs a detailed review of the conflict of interest policy. Form 990, Part VI, Section B, line 15 The Foundation gathered external, independent salary surveys of executive compensation for relevant peer groups. The Foundation's executive Committee reviewed and discussed the surveys during Executive Session in conjunction with an annual review of compensation for officers. The Executive Committee minutes reflect the process described above. Form 990, Part VI, Section C, line 19 The Foundation's governing documents are filed with the Louisiana Secretary of State's office and are available to the public. The conflict of interest policy and consolidated audited financial statements are available to the public on the foundation's website. FORM 990 Part XI Question 2C THE LSU FOUNDATION HAS AN AUDIT COMMITTEE OF THE BOARD OF DIRECTORS WHICH IS RESPONSIBLE FOR THE OVERSIGHT OF THE EXTERNAL INDEPENDENT AUDIT, AS WELL AS THE SELECTION OF THE AUDITORS. Schedule K Supplental Information THE FOUNDATION WAS ONE OF SEVERAL PARTICIPANTS BORROWING THE PROCEEDS OF TAX-EXEMPT REVENUE BONDS TOTALING $31,555,000 ISSUED BY THE LOUISIANA PUBLIC FACILITIES AUTHORITY IN 2003. THE FOUNDATION'S PORTION TOTALED $12,725,000. SCHEDULE K, PART I, LINE A, COLUMN F DESCRIPTION OF PURPOSE THE LSU FOUNDATION WAS ONE OF SEVERAL PARTICIPANTS BORROWING THE PROCEEDS OF TAX-EXEMPT REVENUE BONDS TOTALLING $31,555,000 ISSUED BY THE LOUISIANA PUBLIC FACILITIES AUTHORITY IN 2003. THE FOUNDATION'S PORTION TOTALED $12,725,000. SCHEDULE K, PART II, LINE 4 OTHER UNSPENT PROCEEDS IN 2007, THE FOUNDATION REPAID UNSPENT FUNDS PLUS EARNINGS ON THOSE FUNDS OF $2,531,958.42. SCHEDULE K, PART IV, LINE 1 ARBITRAGE EXPLANATION PER ARTICLE III, SECTION 3.2 OF THE LOAN AGREEMENT, THE BONDS WILL NOT CONSTITUTE ARBITRAGE BONDS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. SCHEDULE K, PART IV, LINE 5 PROCEEDS INVESTED BEYOND TEMPORARY PERIOD UNSPENT FUNDS WERE HELD SLIGHTLY BEYOND THE 3 YEAR TEMPORARY PERIOD; HOWEVER, THE UNSPENT FUNDS, PLUS INTEREST EARNED ON THOSE FUNDS, WERE REPAID. Form 990 Part V Question 4b Form td f 90-22.1 THE LSU FOUNDATION DID NOT FILE FORM TD F 90-22.1 FOR CALENDAR YEAR 2009. ACCORDING TO IRS NOTICE 2010-23, THE FINANCIAL INTEREST IN A FOREIGN HEDGE FUND OR PRIVATE EQUITY FUND WAS INCLUDED IN THE ADMINISTRATIVE RELIEF PROVIDED, AND THEREFORE THE FOUNDATION WAS NOT REQUIRED TO FILE SUCH FORMS. LSU PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 721295979 FOSTER SUPPORT VIA GIFTS OF REAL ESTATE & EQUIP. FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 5 N/A LSU MARINE PROPERTY FOUNDATION 3838 WEST LAKESHORE DRIVE BATON ROUGE LA 70808 710865718 FOSTER SUPPORT VIA GIFTS OF MARINE VESSELS FOR LSU, LAW & AG CENTERS LA 501(C)(3) LINE 7 N/A 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LSU PROPERTY FOUNDATION B 3493962 LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION M LSU PROPERTY FOUNDATION & LSU MARINE PROPERTY FOUNDATION N LSU PROPERTY FOUNDATION D