2011-07-25T18:00:06-05:00 2010-06-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2009-07-01 611131682 EASTERN KENTUCKY UNIVERSITY FOUNDATION INC EAST 8596225012 521 LANCASTER AVE COATES BOX 15A RICHMOND KY 40475 DEBORAH C NEWSOM 2011-07-21 true 5023263996 2009 2016-02-24 21:20:13Z X DUSTAN MCCOY 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 34535666 false X HTTP://WWW.EKU.EDU/DEVELOPMENT/WEB10/EKU_FOUNDATION.PHP X 1968 KY PROVIDING FINANCIAL SUPPORT FOR EASTERN KENTUCKY UNIVERSITY IN ACCOMPLISHING ITS GOALS OF EDUCATION AND REGIONAL STEWARDSHIP; FUNDRAISING AND LONG TERM INVESTMENTS FOR THIS PURPOSE. 17 18 0 50 0 0 3083953 2809064 69370 71061 1172925 -71069 422454 570738 4748702 3379794 606167 2175754 0 0 0 0 0 0 36803 2592273 950480 3198440 3126234 1550262 253560 52697674 48945697 25067507 18393994 27630167 30551703 THE EKU FOUNDATION PROVIDES SUPPORT FOR EASTERN KENTUCKY UNIVERSITY IN ACCOMPLISHING ITS GOALS OF EDUCATION AND REGIONAL STEWARDSHIP WITHIN ITS SOUTHEASTERN KENTUCKY SERVICE REGION. false false 526974 526974 FUNDING TO SUPPORT STUDENT FINANCIAL AID AND SCHOLARSHIPS, THUS ENABLING THOSE STUDENTS WHO ARE BOTH CAPABLE AND/OR HAVE FINANCIAL NEED TO RECEIVE A COLLEGE EDUCATION. THESE INCLUDE MERIT SCHOLARSHIPS AWARDED TO STUDENTS IN THE EASTERN KENTUCKY UNIVERSITY HONORS PROGRAM, AS WELL AS SCHOLARSHIPS FOR STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED. ENDOWMENT INCOME FOR INVESTED FUNDS HELD BY THE EASTERN KENTUCKY UNIVERSITY FOUNDATION IS THE PRIMARY SOURCE OF FUNDING FOR THIS PURPOSE. 2137361 FUNDING TO SUPPORT ACADEMIC PROGRAMS, FACULTY PROFESSIONAL DEVELOPMENT, AND THE ESTABLISHMENT OF AND FUNDING FOR FACULTY CHAIRS. THE RESULT OF THIS SUPPORT IS THE ENHANCEMENT OF THE EDUCATIONAL QUALITY AT EASTERN KENTUCKY UNIVERSITY, WHICH DIRECTLY BENEFITS ITS STUDENTS. FACULTY PROFESSIONAL DEVELOPMENT FUNDING PROVIDES FACULTY WITH OPPORTUNITIES TO EXPAND THEIR KNOWLEDGE BASE THROUGH STUDY AND RESEARCH, THUS ADDING TO THE CLASSROOM AND EDUCATIONAL EXPERIENCE FOR STUDENTS. 80942 FUNDING TO SUPPORT ALUMNI AND FUNDRAISING ACTIVITIES TO ENHANCE ANNUAL AND LONG-TERM CHARITABLE GIVING. THESE ACTIVITIES KEEP ALUMNI CONNECTED TO EASTERN KENTUCKY UNIVERSITY, THUS ASSIST IN DEVELOPING LOYALTY AND PROVIDE OPPORTUNITIES FOR FINANCIAL ASSISTANCE IN SUPPORT OF THE UNIVERSITY'S MISSION. 0 2745277 true true false false false false false false true true true false false false true false false false false false false true false false true false false false false false false false false false false true false false false false true false false false true 0 0 true 0 false false false false false false false false false 17 18 false false false false false false false true true false false false true false true false false false false false KY X DEBORAH C NEWSOM 8596225012 521 LANCASTER AVE COATES BOX 31A RICHMOND KY 40475 X DUSTAN E MCCOY 1 X X 0 0 0 RONALD NOEL 1 X X 0 0 0 WILLIAM P CLEMENTS JR 1 X X 0 0 0 TOM COFFEY 1 X 0 0 0 PAUL R COLLINS 1 X 0 0 0 JANE BOYER 1 X 0 0 0 DONALD R DIZNEY 1 X 0 0 0 TIMOTHY C BROWN 1 X 0 0 0 MARY JEAN GILTNER 1 X 0 0 0 PAUL W CHELLGREN 1 X 0 0 0 BETTY MAUPIN POGUE 1 X 0 0 0 BARBARA A RICKE 1 X 0 0 0 BILL DAUGHERTY 1 X 0 0 0 GAIL SCHOMP 1 X 0 0 0 HAROLD T DANIEL 1 X 0 0 0 RITCHIE REDNOUR 1 X 0 0 0 BOB MORGAN 1 X 0 0 0 HARDY TRIBBLE 1 X 0 0 0 DEBORAH NEWSOM 3 X 0 143300 17285 JOSEPH FOSTER 20 X 0 133978 16485 0 277278 33770 0 false false false HIRTLE CALLAGHAN 300 BARR HARBOR RD WEST CONSHOHOCKEN PA 19428 INVESTMENT SERVICES 187747 1 0 0 0 1000000 0 1809064 49809 2809064 ALUMNI EVENTS 900099 71061 71061 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 71061 904427 0 0 904427 0 0 0 0 0 0 0 0 287744 0 44290 0 243454 0 243454 0 0 243454 29736086 400000 30684262 427320 -948176 -27320 -975496 0 0 -975496 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER REVENUES 900099 327284 327284 0 0 0 0 0 0 0 0 0 0 0 0 0 0 327284 3379794 398345 0 172385 2175754 2175754 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 0 0 0 0 0 0 0 0 0 0 23700 0 23700 0 0 0 0 0 0 0 187747 0 187747 0 5000 0 5000 0 6642 6642 0 0 67645 0 67645 0 30722 0 30722 0 0 0 0 0 0 0 0 0 1833 0 0 1833 0 0 0 0 0 0 0 0 191024 0 191024 0 0 0 0 0 44156 0 44156 0 19931 0 19931 0 ALUMNI EXPENSES/FUNCTIONS 80942 80942 0 0 UNCOLLECTABLE PLEDGES 199056 199056 0 0 BANK AND OTHER SERVICE FEES 10944 0 10944 0 MEMBERSHIPS AND OTHER DUES 34970 0 0 34970 OTHER EXPENSES 46168 46168 0 0 0 0 0 0 3126234 2508562 580869 36803 0 0 0 0 5452826 2867122 0 0 1195073 877521 190376 90363 0 0 0 0 0 0 0 0 3854 4717 5271987 139590 4478045 5132397 35327440 33160430 6050060 6413147 0 0 0 0 0 400000 52697674 48945697 16546 14998 0 0 0 0 1770000 1625000 0 0 0 0 0 0 0 0 23280961 16753996 25067507 18393994 X 5571554 7272977 2531305 3286898 19527308 19991828 0 0 0 0 0 0 27630167 30551703 52697674 48945697 X false true true X false X 0 2823682 2290479 1845777 3083953 2809064 12852955 0 0 0 0 0 0 0 0 0 0 0 0 2823682 2290479 1845777 3083953 2809064 12852955 2016007 10836948 1143832 1432918 1415995 929327 1192171 6114243 0 0 0 0 0 0 430130 554012 1132742 409854 0 2526738 21493936 722283 0.5042 0.592 X FORM 990, SCHEDULE A, PART II, SECTION B, LINE 10, OTHER INCOME, 2005 - $ 430,130 2006 - $ 554,012 2007 - $1,132,742 2008 - $ 409,854 2009 - NONE, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41377500 0 5899265 526974 6988487 187747 39573557 52336603 1843863 -10770294 806167 1045187 181319 41377500 0.06 0.94 0 true false 2324373 0 2324373 2585083 0 18226 2566857 148225 0 61977 86248 152884 0 45311 107573 61422 0 14076 47346 5132397 0 0 HEDGE FUNDS 5735311 F LIMITED PARTNERSHIPS 677836 F 6413147 ANNUITIES PAYABLE 427802 ASSETS HELD FOR OTHERS 16051652 FAIR VALUE ADJUSTMENT IN INTEREST RATE SWAP 111021 DUE TO OTHER PARTIES 163521 16753996 3379794 3126234 253560 2869721 0 0 0 -201745 2667976 2921536 6106058 2869721 0 0 0 2869721 3236337 187747 -44290 143457 3379794 3184522 0 0 0 0 0 3184522 187747 -246035 -58288 3126234 Intended uses of endowment funds Schedule D, Part V, Line 4 THE ENDOWMENT FUNDS HAVE BEEN ESTABLISHED FOR THE PURPOSE OF GENERATING INVESTMENT INCOME AND RETURN TO SUPPORT THE EDUCATIONAL AND REGIONAL STEWARDSHIP ACTIVITIES OF EASTERN KENTUCKY UNIVERSITY. THE DESIGNATED PURPOSES OF ALL FUNDS ARE MAINTAINED AND THE INCOME/RETURN FROM THEM IS USED ONLY FOR THE INTENDED DONOR PURPOSE. FIN 48 footnote Schedule D, Part X, Line 2 GENERALLY ACCEPTED ACCOUNTING STANDARDS PRESCRIBE RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS OR LIABILITIES WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT OR LIABILITY THAT IS GREATER THAN 50% LIKELY BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT OR LIABILITY WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2010 AND 2009 AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT 12 MONTHS. Other changes in net assets Schedule D, Part XI, Line 8 UNREALIZED INCREASE IN ANNUITIES LIABILITY - -201745; OTHER - 0; TOTAL - -201745 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b DEPRECIATION ON RENTAL PROPERTY - -44290; OTHER - 0; TOTAL - -44290 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b UNREALIZED INCREASE IN ANNUITIES LIABILITY - -201745; DEPRECIATION ON RENTAL PROPERTIES - -44290; OTHER - 0; TOTAL - -246035 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS N/A 0 0 0 0 true EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 GOVERNMENT 2175754 ACADEMIC PROGRAM SUPPORT 1 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANT AND SCHOLARSHIP RECEIPENTS ARE REQUIRE TO SUBMIT INFORMATION THAT SUPPORTS ELIGIBILITY FOR THESE FUNDS. THIS INCLUDES FORMAL APPLICATIONS FOR MERIT SCHOLARSHIPS AND THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) TO QUALIFY FOR GRANTS AND SCHOLARSHIPS BASED ON FINANCIAL NEED. THESE APPLICATIONS/FORMS ARE REVIEWED BY EASTERN KENTUCKY UNVIERSITY FINANCIAL AID STAFF AND THE GRANTS AND SCHOLARSHIPS ARE AWARDED THROUGH THAT OFFICE BASED ON ELIGIBILITY. DOCUMENATION IS RETAINED REGARDING THE QUALIFICATIONS FOR AND THE AMOUNTS AWARDS TO THESE STUDENTS. MADISON COUNTY KENTUCKY 616000943 557218AA2 2008-09-04 1770000 FUNDING FOR BUILDING CONSTRUCTION false false 1770000 0 0 0 52572 0 1717428 2009 false false true true false false false false 0.000 0.000 0.000 true false true true FIFTH THIRD 8.0 false 0.0 false false X 1 5140 MARKET VALUE X 1 30000 MARKET VALUE X FOOD AND SUPPLIES FOR ALUMNI EVENTS 2 14670 COST 3 false true false Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A THE FORM 990 WAS PREPARED BY THE MANAGEMENT OF EASTERN KENTUCKY UNIVERSITY ON BEHALF OF THE EASTERN KENTUCKY UNIVERISTY FOUNDATION AS EASTERN KENTUCKY UNIVERSITY PROVIDES ACCOUNTING AND FINANCIAL STATEMENT PREPARTION FOR THE FOUNDATION, THEREFORE HAS THE INFORMATION NEEDED TO PREPARE THE FORM 990. THE FORM 990 IS THEN SENT TO THE SECRETARY/TREASURER OF THE FOUNDATION BOARD OF DIRECTORS FOR REVIEW AND SIGNATURE. Public Disclosure Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. AVERAGE HOURS PER WEEK FORM 990, PART VII DEBORAH NEWSOM, VICE PRESIDENT OF EKU AND TOP FINANCIAL OFFICIAL OF THE FOUNDATION WORKS AN AVERAGE OF 50 HOURS PER WEEK, 3 OF THOSE HOURS PER WEEK ARE DEDICATED TO THE FOUNDATION AND APPROXIMATELY 47 HOURS ARE DEVOTED TO THE UNIVERSITY. JOSEPH FOSTER, VICE PRESIDENT OF EKU AND TOP MANAGEMENT OFFICIAL OF THE FOUNDATION WORKS AN AVERAGE OF 50 HOURS PER WEEK, 20 OF THOSE HOURS PER WEEK ARE DEDICATED TO THE FOUNDATION, AND APPROXIMATELY 30 HOURS ARE DEVOTED TO THE UNIVERSITY. ISSUANCE COSTS FROM PROCEEDS SCHEDULE K, PART II, LINE 5 PROCEEDS USED FOR BOND ISSUANCE COSTS $35,400 PROCEEDS USED FOR CREDIT ENHANCEMENT $17,172 TAX-EXEMPT BOND SCHEDULE K AS OF THE FILING DATE OF THE RETURN, THE ORGANIZATION IS AWAITING ADDITIONAL INFORMATION TO COMPLETE COMPONENTS PARTS OF SCHEDULE K. IF ADDITIONAL INFORMATION IS RECEIVED SUBSEQUENT TO FILING THE FORM 990 THAT WOULD CHANGE THE INFORMATION REPORTED ON SCHEDULE K AN AMENDED RETURN WOULD BE FILED ACCORDINGLY. DESCRIPTION OF AMENDMENTS FORM 990, PART IV, LINE 14B AND SCHEDULE F, PART I EASTERN KENTUCKY UNIVERSITY FOUNDATION, INC.'S FORM 990 HAS BEEN AMENDED TO REFLECT TRANSFERS OF CASH TO A FOREIGN CORPORATION AND IS VOLUNTARILY DISCLOSING FORMS 926 TO REFLECT THESE TRANSFERS. EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 EDUCATION KY 501(C)(1) N/A NA false false false false false false false true false false false false false false false false false false EASTERN KENTUCKY UNIVERSITY H 427320