2025-04-15T11:59:48-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-07-01 810362989 THE UNIVERSITY OF MONTANA FOUNDATION UNIV 4062432673 PO BOX 7159 MISSOULA MT 59807 JAMIE STANTON CFOO 4062432673 2025-04-14 1 1 BECKY DETTMANN CPA P01408585 3037795710 2025-04-14 2023 2025-03-06 01:10:19Z CINDY WILLIAMS PO BOX 7159 MISSOULA MT 59807 356217117 0 X WWW.SUPPORTUM.ORG X 1950 MT TO INSPIRE PHILANTHROPIC SUPPORT TO ENHANCE EXCELLENCE AND OPPORTUNITY AT THE UNIVERSITY OF MONTANA. 27 27 73 29 -954884 1633 28741277 46879104 793000 979500 2953130 10169128 989914 1016553 33477321 59044285 25625258 28491654 0 0 6327544 6993872 465557 340037 3751940 2762617 3118595 35180976 38944158 -1703655 20100127 377569208 424989549 44725643 52313722 332843565 372675827 THE UNIVERSITY OF MONTANA FOUNDATION INSPIRES PHILANTHROPIC SUPPORT TO ENHANCE EXCELLENCE AND OPPORTUNITY AT THE UNIVERSITY OF MONTANA. 0 0 19470184 19468497 1856760 TO PROVIDE ACADEMIC AND INSTITUTIONAL SUPPORT FOR THE UNIVERSITY OF MONTANA'S PROGRAMS AND PROJECTS. 6989033 6989033 0 TO PROVIDE SCHOLARSHIPS AND AWARDS TO UNIVERSITY OF MONTANA STUDENTS. 2034124 2034124 0 TO PROVIDE SUPPORT FOR THE UNIVERSITY OF MONTANA'S CAPITAL PROJECTS. 28493341 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 0 1 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 20 0 1 73 1 1 1 1 CJ GK 0 0 0 1 1 1 1 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X LYDIA LUDWIG 4062437426 PO BOX 7159 MISSOULA MT 59807 WILLIAMS CYNTHIA PRESIDENT & CEO 40.00 X 346543 0 54515 STANTON JAMIE CHIEF FINANCE AND OPERATIONS OFFICER 40.00 X 200830 0 46232 JENNINGS TRACEY VP OF DEVELOPMENT 40.00 X 160160 0 31926 REARDON BRAD VP OF INFORMATION SYSTEMS 40.00 X 140886 0 40216 RUE HEATHER VP OF MARKETING & COMMUNICATIONS 40.00 X 127953 0 38704 KEENAN ERIN AVP OF DEVELOPMENT 40.00 X 111823 0 29699 JANOSKO JEFFREY SENIOR DIRECTOR OF PRINCIPAL GIFT 40.00 X 108583 0 23604 HAMBLIN JOANN DIRECTOR OF BUSINESS INTELLIGENCE 40.00 X 106945 0 24005 MACLEAN JACOB BOARD SECRETARY 40.00 X 58725 0 28405 JAMES DOUG BOARD CHAIR 1.50 X X 0 0 0 BARLOW DIANE BOARD VICE CHAIR 1.50 X X 0 0 0 WINSLOW STEVE BOARD TREASURER 1.50 X X 0 0 0 ALVAREZ ALINA TRUSTEE 1.00 X 0 0 0 ANDERSEN ZAK TRUSTEE 1.00 X 0 0 0 BAHLS STEVE TRUSTEE 1.00 X 0 0 0 BRENNER BILL TRUSTEE 1.00 X 0 0 0 BRONSON ROBERT TRUSTEE 1.00 X 0 0 0 BURKE JOHN TRUSTEE 1.00 X 0 0 0 DAHL BOBBI TRUSTEE 1.00 X 0 0 0 DAVIDSON ANDREW TRUSTEE 1.00 X 0 0 0 DOWLING SCOTT TRUSTEE 1.00 X 0 0 0 EBERLING KATHY TRUSTEE 1.00 X 0 0 0 FRANKE PAIGE TRUSTEE 1.00 X 0 0 0 GILDER BRITNEY TRUSTEE 1.00 X 0 0 0 GLEASON MAGGIE TRUSTEE 1.00 X 0 0 0 GRILLS DENISE TRUSTEE 1.00 X 0 0 0 ISERN JENNIFER TRUSTEE 1.00 X 0 0 0 LEMCKE TOM TRUSTEE (THROUGH 9/23) 1.00 X 0 0 0 LEVITAN MATT TRUSTEE 1.00 X 0 0 0 MCGUIRE COLLEEN TRUSTEE 1.00 X 0 0 0 MONAHAN JOE TRUSTEE 1.00 X 0 0 0 MURRAY JIM TRUSTEE (THROUGH 9/23) 1.00 X 0 0 0 NONNENMACHER MARK TRUSTEE 1.00 X 0 0 0 ROBINSON OWEN TRUSTEE 1.00 X 0 0 0 ROTH RICH TRUSTEE 1.50 X 0 0 0 ROWE BOB TRUSTEE 1.00 X 0 0 0 STREICH JOHN TRUSTEE 1.00 X 0 0 0 SWAN JON TRUSTEE 1.00 X 0 0 0 1362448 0 317306 8 0 1 0 DICK ANDERSON CONSTRUCTION 7168 EXPRESSWAY LANE MISSOULA MT 59808 CONSTUCTION 4494616 EAB PO BOX 603519 CHARLOTTE NC 28260 FUNDRAISING CONSULTATION 210158 OZ ARCHITECTS PC 531 N HIGGINGS AVENUE MISSOULA MT 59802 DEVELOPMENT TRAINING 207171 EVERTRUE INC PO BOX 844787 BOSTON MA 02284 PROGRAM-SOFTWARE SERVICE 156830 4 1158772 192846 45527486 9774622 46879104 CONTRACT AGREEMENT UM 561499 979500 979500 979500 4032391 -760206 4792597 3191 2814 377 302099048 1117506 295779817 1300000 6319231 -182494 6136737 -197492 6334229 229117 192846 93015 136102 136102 ADMIN FEE REVENUE 561499 474371 474371 MISCELLANEOUS REVENUE 900099 402889 402889 877260 59044285 1856760 -954884 11263305 28491654 28491654 958217 377822 580395 4529768 2632393 1897375 450109 267740 182369 641372 388411 252961 414406 226255 188151 38511 37637 874 107698 107698 340037 340037 1071300 1071300 267877 265282 2595 8954 686 8268 247323 1216 168741 77366 336987 333132 3855 299796 299796 147701 42194 105507 151003 75330 75673 582 582 89669 89669 75518 75518 EVENTS & ENTERTAINMENT 151616 471 125409 25736 OTHER EXPENSES 54804 52538 2266 RECRUITMENT 43650 43650 DUES AND PUBLICATION 25606 17094 8512 38944158 28493341 6698877 3751940 2000 2000 5663315 4840660 12318857 11062782 303920 362911 218566 242975 9846140 550184 4790419 9295956 87274720 111838308 253598588 269869179 13398823 17474778 377569208 424989549 4461839 5284773 208500 257000 21587692 27848248 18467612 18923701 44725643 52313722 X 7497380 9952045 325346185 362723782 332843565 372675827 377569208 424989549 X 20100127 21069168 -1337033 X X 0 1 X 1 0 X 30554993 24063976 46719557 28741277 46879104 176958907 30554993 24063976 46719557 28741277 46879104 176958907 22093798 154865109 3862740 3515792 2905964 3879281 4792974 18956751 1510344 339764 149525 136102 2135735 1330526 609008 1096012 842438 877260 4755244 202806637 3452500 0.76360 0.73560 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE REVENUE - 2019 AMOUNT: $ 476,946. 2020 AMOUNT: $ 447,115. 2021 AMOUNT: $ 393,223. 2022 AMOUNT: $ 440,996. 2023 AMOUNT: $ 474,371. MISC REVENUE - 2019 AMOUNT: $ 853,580. 2020 AMOUNT: $ 161,893. 2021 AMOUNT: $ 702,789. 2022 AMOUNT: $ 401,442. 2023 AMOUNT: $ 402,889. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 35192218 35192218 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 2261 42000 44261 250000 250000 250000 250000 1000000 1500000 0 1 X 207920815 13203821 21463223 7091712 3543894 231952253 198449282 4507836 15137105 6698911 3474497 207920815 211150264 11247897 -14256539 6222648 3469692 198449282 161651453 11660753 46728998 5575274 3315666 211150264 163187029 9777370 -2831380 5180916 3300650 161651453 0.00000 1.00000 0.00000 0 0 25000 25000 230375 77380 152995 667749 472804 194945 8923016 8923016 9295956 ALTERNATIVE INVESTMENTS 269869179 F 269869179 SPLIT INTEREST AGREEMENTS 16108098 LEASE LIABILITY 2815603 18923701 77895286 21069168 13196 -1337033 19745331 58149955 987345 -93015 894330 59044285 38063024 13196 13196 38049828 987345 -93015 894330 38944158 PART IV, LINE 2B: THE UNIVERSITY OF MONTANA FOUNDATION HOLDS ASSETS ON BEHALF OF THE UNIVERSITY OF MONTANA, THE UNIVERSITY OF MONTANA ALUMNI ASSOCIATION, AND THE GRIZZLY SCHOLARSHIP ASSOCIATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,337,033. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS -93,015. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS -93,015. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 1069024 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 32305117 0 0 0 0 0 0 33374141 0 33374141 1 0 1 1 1 0 PART I, LINE 3, COLUMN (F): THE ACCOUNTING METHOD USED IS ACCRUAL. X X X X X X 1 EAB PO BOX 603519 CHARLOTTE NC 28260 DIRECT MAILING & DAY OF GIVING 0 1693763 190037 1503726 EVERTRUE PO BOX 844787 BOSTON MA 02284 DONOR EXPERIENCE PLATFORM 0 471282 150000 321282 2165045 340037 1825008 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY HOOKS FOR BOOKS 117889 66414 51475 19 5692 1919 3568 ODYSSEY OF OUR STARS 73981 71605 2376 4633 500 7763 9 230093 54827 175266 2767 7427 21271 330 37126 421963 192846 229117 2786 13119 27823 830 48457 93015 136102 1 THE UNIVERSITY OF MONTANA 32 CAMPUS DRIVE MISSOULA MT 59812 816001713 STATE OF MT 28421202 70452 FMV ART, EQUIPMENT, INSTRUMENTS AND MUSIC, SUPPLIES, FOOD. ACADEMIC AND INSTITUTIONAL SUPPORT, CAPITAL PROJECTS, AND SCHOLARSHIPS 1 0 PART I, LINE 2: ALL GRANT REQUESTS ARE REVIEWED TO ENSURE THEY ARE IN ACCORDANCE WITH THE DONOR'S CRITERIA AND THE FOUNDATION'S ACCOUNTS PAYABLE POLICY. ADDITIONALLY, GRANT REQUEST MUST BE FROM AN AUTHORIZED UNIVERSITY OF MONTANA REPRESENTATIVE. X X X X 0 0 0 0 0 0 0 1 0 WILLIAMS CYNTHIA PRESIDENT & CEO 309988 0 30000 0 6555 0 38544 0 15971 0 401058 0 0 0 STANTON JAMIE CHIEF FINANCE AND OPERATIONS OFFICER 200580 0 250 0 0 0 23132 0 23100 0 247062 0 0 0 JENNINGS TRACEY VP OF DEVELOPMENT 159910 0 250 0 0 0 17974 0 13952 0 192086 0 0 0 REARDON BRAD VP OF INFORMATION SYSTEMS 140636 0 250 0 0 0 16596 0 23620 0 181102 0 0 0 RUE HEATHER VP OF MARKETING & COMMUNICATIONS 127703 0 250 0 0 0 15164 0 23540 0 166657 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID OUT BONUSES IN 2023 AS FOLLOWS FOR PERSONS LISTED ON FORM 990, PART VII, SECTION A: 1. CYNTHIA WILLIAMS...........$ 30,000 2. JAMIE STANTON..............$ 250 3. TRACEY JENNINGS............$ 250 4. BRAD REARDON...............$ 250 5. HEATHER RUE................$ 250 BRAD REARDON FAMILY MEMBER OF JAMIE STANTON, CURRENT OFFICER 185705 COMPENSATION 0 X 1 1400 FAIR MARKET VALUE X 17900 FAIR MARKET VALUE X 65 5819159 FAIR MARKET VALUE X 1 3884958 FAIR MARKET VALUE X SUPPLIES 55 18446 FAIR MARKET VALUE X EQUIPMENT 5 15913 FAIR MARKET VALUE X FOOD/BEV 11 9151 FAIR MARKET VALUE X DURABLE MEDICAL EQUIPMENT 8 7125 FAIR MARKET VALUE X MISCELLANEOUS 3 570 FAIR MARKET VALUE 1 0 1 0 PART 1 COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE CHAIR AND EXECUTIVE COMMITTEE, CONSISTING OF THE OFFICERS AND TWO AT-LARGE MEMBERS RECOMMENDED BY THE CHAIR AND APPROVED BY THE BOARD, SERVES AS LIAISON TO THE PRESIDENT AND PROVIDES STRATEGIC AND POLICY LEADERSHIP AS NEEDED BETWEEN MEETINGS OF THE BOARD. ADDITIONAL RESPONSIBILITIES ARE OUTLINED IN THE EXECUTIVE COMMITTEE CHARTER APPROVED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL REPORT ALL ACTIONS TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 CFOO JAMIE STANTON AND VP BRAD REARDON HAVE A FAMILY RELATIONSHIP. ANDREW DAVIDSON IS A BOARD TRUSTEE AND HE HOLDS A BUSINESS RELATIONSHIP WITH DAVIDSON INVESTMENT ADVISORS, WHERE THE ORGANIZATION HAS A SUBSTANTIAL AMOUNT OF MONEY INVESTED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY MANAGMENT. PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE AUDIT RISK COMMITTEE OF THE BOARD AND IS AVAILABLE FOR REVIEW BY THE ENTIRE BOARD FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND KEY EMPLOYEES MUST DISCLOSE ACTUAL, APPARENT, OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY AND AS THEY ARISE. DISCLOSURES ARE REVIEWED BY THE GOVERNANCE COMMITTEE, WHICH EVALUATES WHETHER A MATERIAL FINANCIAL INTEREST EXISTS. INDIVIDUALS WITH A CONFLICT ARE RECUSED FROM RELATED DISCUSSIONS AND DECISIONS. ALL RECUSALS AND REVIEWS ARE DOCUMENTED IN THE BOARD'S RECORDS. THE FOUNDATION'S CONFLICT OF INTEREST POLICY INCLUDES CLEAR DEFINITIONS AND APPLIES TO BOTH FINANCIAL RELATIONSHIPS AND POSITIONS OF INFLUENCE INVOLVING TRUSTEES, KEY EMPLOYEES, AND THEIR FAMILY MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE FOUNDATION'S PRESIDENT AND CEO IS REVIEWED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARY BENCHMARKING IS REFERENCED BY THE COMMITTEE IN DETERMINING SALARY. A RECOMMENDATION IS THEN MADE TO THE FULL BOARD AND ONCE THAT DECISION IS APPROVED, HUMAN RESOURCES IS PROVIDED THE FINAL DECISION AND UPDATED EMPLOYMENT CONTRACTS ARE DRAFTED. DELIBERATIONS ARE DOCUMENTED WITHIN THE MEETING MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. COMPENSATION FOR EXECUTIVE EMPLOYEES AND THE SECRETARY ARE REVIEWED ON AN ANNUAL BASIS BY THE PRESIDENT AND CEO, AND COMPARED TO PEER INSTITUTIONS THROUGH INDEPENDENT SALARY SURVEYS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S BY-LAWS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY, AND AUDTIED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,337,033. PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.