2011-11-10T14:17:37-06:00 2011-06-30 MITCHELL WIGGINS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VI 23226 990 2010-07-01 541808901 VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF ENGINEERING FOUNDATION VIRG 8048281475 601 WEST MAIN STREET ROOM 308 RICHMOND VA 232843068 R SCOTT RASH 8048281475 2011-11-03 1 M JAMES HARTSON JR CPA 8042826000 2010 2016-03-07 17:11:31Z R SCOTT RASH 601 WEST MAIN STREET RICHMOND VA 232843068 10297275 0 X WWW.VCUREALESTATE.ORG X 1995 VA TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VCU. 35 35 0 0 0 -168897 3086912 1834250 0 0 37085 1191044 825279 822015 3949276 3847309 3112082 2798536 0 0 0 0 0 0 0 2951211 2876907 6063293 5675443 -2114017 -1828134 129765319 135472489 106895870 103715259 22869449 31757230 TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. 0 0 5675443 3278 SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF THE SCHOOL OF ENGINEERING PROPERTY AND FUNDS. 5675443 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X ORGANIZATION 8048281475 601 WEST MAIN STREET ROOM 308 RICHMOND VA 232843068 X JOHN SHERMAN JR 1.00 X 0 0 0 WILLIAM H GOODWIN JR 1.00 X X 0 0 0 BRUCE C GOTTWALD 1.00 X X 0 0 0 PAUL F ROCHELEAU 1.00 X 0 0 0 WAYNE L HUNTER 1.00 X X 0 0 0 HONORABLE GEORGE ALLEN 1.00 X 0 0 0 EDWARD H BERSOFF 1.00 X 0 0 0 JAMES C CHERRY 1.00 X 0 0 0 BRADFORD A CROSBY 1.00 X X 0 0 0 MARQUERITE DAVIS 1.00 X 0 0 0 CLIFFORD A CUTCHINS IV 1.00 X 0 0 0 THOMAS D EILERSON 1.00 X 0 0 0 JOSEPH C FARRELL 1.00 X 0 0 0 THOMAS F FARRELL II 1.00 X 0 0 0 C T HILL 1.00 X 0 0 0 ARTHUR D HURTADO 1.00 X X 0 0 0 CHARLES H NEAL 1.00 X 0 0 0 JOHN A LUKE JR 1.00 X 0 0 0 WAYNE K NESBIT 1.00 X 0 0 0 RICHARD E POSEY 1.00 X 0 0 0 E BRYSON POWELL 1.00 X 0 0 0 HONORABLE ANNE G RHODES 1.00 X 0 0 0 ROBERT E RIGSBY 1.00 X 0 0 0 WALTER S ROBERTSON III 1.00 X 0 0 0 HUGH A JOYCE 1.00 X 0 0 0 THOMAS J SEIFERT 1.00 X 0 0 0 RICHARD L SHARP 1.00 X 0 0 0 KIRK E SPITZER 1.00 X 0 0 0 MARK A STERNHEIMER SR 1.00 X 0 0 0 JAMES E UKROP 1.00 X 0 0 0 CHARLES A WILLIAMSON 1.00 X 0 0 0 ROBERT W WOLTZ JR 1.00 X 0 0 0 C KENNETH WRIGHT 1.00 X 0 0 0 CHRISTOPHER R JONES 1.00 X 0 0 0 GARY RUTH 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1834250 3431 1834250 10139 10139 3173545 2354808 818737 818737 818737 5276063 4095158 1180905 1180905 1180905 MISCELLANEOUS 900099 3278 3278 3278 3847309 3278 0 2009781 2798536 2798536 2415 2415 21500 21500 86523 86523 4456 4456 2504 2504 10056 10056 2596851 2596851 LIFE INSURANCE EXPENSE 143185 143185 OTHER EXPENSES 9417 9417 5675443 5675443 0 0 1389363 1504729 4357267 3301532 2127370 454590 102709 15757 72110341 16248053 58158878 55862288 62817210 68304497 812522 6029096 129765319 135472489 72244567 70568833 34651303 33146426 106895870 103715259 X 9403328 16335350 1116794 3417915 12349327 12003965 22869449 31757230 129765319 135472489 X -1828134 10715915 X X 0 1 1 X 0 X 8106779 8216889 4731909 3086912 1834250 25976739 8106779 8216889 4731909 3086912 1834250 25976739 8264884 17711855 1495319 2797220 3156396 3176226 3183684 13808845 4878 3278 8156 39793740 0.44510 0.42260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12208956 610895 2488117 323227 14984741 11179247 1278931 163437 412659 12208956 12596571 762703 -2124152 54675 1200 11179247 1.00000 0 0 3112659 3112659 68997682 16248053 52749629 55862288 CASH SURRENDER VALUE OF LIFE INSURANCE 1670945 F BARLOW PARTNERS FUNDAMENTAL MANAGERS LP FUND 11227294 F PRIVATE ADVISORS STABLE VALUE FUND 10338169 F PRIVATE ADVISORS SMALL COMPANY FUND 1109415 F BLUERIDGE OFFSHORE LP FUND 15791508 F TIGER GLOBAL LTD FUND 16199872 F VALIANT CAPITAL PARTNERS FUND 11967294 F 68304497 3847309 5675443 -1828134 11352720 -636805 10715915 8887781 18619044 11352720 3419015 14771735 3847309 0 3847309 8030251 2354808 2354808 5675443 0 5675443 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 2007 TO 2010 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN OPERATING EXPENSES. THE ORGANIZATION DID NOT HAVE PENALTIES AND INTEREST EXPENSES FOR THE YEARS ENDED JUNE 30, 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 1,064,207. PRIOR PERIOD ADJUSTMENT -1,701,012. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES LINE 6B INCL. IN EXPENSES IN FINANCIAL STMT 2,354,808. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 1,064,207. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME IN RETURN 2,354,808. 0 VIRGINIA COMMONWEALTH UNIVERSITY 912 W FRANKLIN STREET POST OFFICE BOX 843035 RICHMOND VA 232843035 546001758 115 1147018 1651518 PRESENT VALUE ADJUSTMENT FOR ACCRUED CONTRIBUTION TO VCU FOR FUTURE RENT ASSISTANCE IS PROVIDED IN ORDER TO SUPPORT THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF VIRGINIA COMMONWEALTH UNIVERSITY. 1 FORM 990, PART VI, SECTION B, LINE 11 NONE. 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. 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 GAINS ON INVESTMENTS: 11,352,720. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 1,064,207. PRIOR PERIOD ADJUSTMENT -1,701,012. TOTAL TO FORM 990, PART XI, LINE 5: 10,715,915. THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.