2024-04-15T12:58:22-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 810362989 THE UNIVERSITY OF MONTANA FOUNDATION UNIV 4062432673 PO BOX 7159 MISSOULA MT 59807 JAMIE STANTON CFOO 4062432673 2024-04-05 1 JAMIE STANTON XXX-XX-XXXX 1 SARAH HINTZ P00492291 3037795710 2024-04-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CINDY WILLIAMS PO BOX 7159 MISSOULA MT 59807 168045591 0 X WWW.SUPPORTUM.ORG X 1950 MT TO INSPIRE PHILANTHROPIC SUPPORT TO ENHANCE EXCELLENCE AND OPPORTUNITY AT THE UNIVERSITY OF MONTANA. 28 28 70 32 -653548 5950 46719557 28741277 580000 793000 8482747 2953130 1099325 989914 56881629 33477321 24784623 25625258 0 0 5384697 6327544 447122 465557 3616396 3241865 2762617 33858307 35180976 23023322 -1703655 356264940 377569208 37983183 44725643 318281757 332843565 THE UNIVERSITY OF MONTANA FOUNDATION INSPIRES PHILANTHROPIC SUPPORT TO ENHANCE EXCELLENCE AND OPPORTUNITY AT THE UNIVERSITY OF MONTANA. 0 0 14686911 14662946 1635438 TO PROVIDE ACADEMIC AND INSTITUTIONAL SUPPORT FOR THE UNIVERSITY OF MONTANA'S PROGRAMS AND PROJECTS. 6443319 6443319 0 TO PROVIDE SCHOLARSHIPS AND AWARDS TO UNIVERSITY OF MONTANA STUDENTS. 4538993 4518993 0 TO PROVIDE SUPPORT FOR THE UNIVERSITY OF MONTANA'S CAPITAL PROJECTS. 25669223 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 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 19 0 1 70 1 1 1 1 CJ GK 0 0 1 1 1 1 0 0 0 0 0 0 X 28 28 1 0 1 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 4062432673 PO BOX 7159 MISSOULA MT 59807 WILLIAMS CYNTHIA PRESIDENT & CEO 40.00 X 284531 0 48816 STANTON JAMIE CHIEF FINANCE AND OPERATIONS OFFICER 40.00 X 182942 0 42517 JENNINGS TRACEY VP OF DEVELOPMENT 40.00 X 149167 0 27633 REARDON BRAD VP OF INFORMATION SYSTEMS 40.00 X 127800 0 36452 RUE HEATHER VP OF MARKETING & COMMUNICATIONS 40.00 X 126543 0 33150 ERIN KEENAN AVP OF DEVELOPMENT 40.00 X 101563 0 27249 MACLEAN JACOB BOARD SECRETARY 40.00 X 57903 0 20559 JAMES DOUG CHAIR 1.50 X X 0 0 0 BARLOW DIANE VICE CHAIR 1.50 X X 0 0 0 WINSLOW STEVE 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 BALDOCK JANE TRUSTEE (THRU 9/22) 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 HANDLEY KAYREEN TRUSTEE (THRU 9/22) 1.00 X 0 0 0 ISERN JENNIFER TRUSTEE 1.00 X 0 0 0 LEMCKE TOM TRUSTEE 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 1.00 X 0 0 0 NONNENMACHER MARK TRUSTEE 1.00 X 0 0 0 PETERSON SUZANNE TRUSTEE (THRU 9/22) 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 VANSICKLE BILL TRUSTEE (THRU 9/22) 1.00 X 0 0 0 1030449 0 236376 6 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONATHON PROGRAM AND CROWDSOURCE SOFTWA 365064 EAB PO BOX 603519 CHARLOTTE NC 28260 FUNDRAISING CONSULTATION 224187 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIV CHICAGO IL 60693 TECHNICAL SERVICES 159598 COPPER REEF ENTERPRISES 6965 EL CAMINO REAL STE 105-488 CARLSBAD CA 92009 DEVELOPMENT TRAINING 124955 4 923718 230463 27587096 2819831 28741277 CONTRACT AGREEMENT UM 561499 793000 793000 793000 3221832 -653548 3875380 3901 3901 134158609 134427311 -268702 -268702 -268702 284534 230463 140959 143575 143575 ADMIN FEE REVENUE 561499 440996 440996 MISCELLANEOUS REVENUE 900099 401442 401442 842438 33477321 1635438 -653548 3754154 25612301 25612301 12957 12957 854195 452948 401247 4086487 2328104 1758383 436177 251135 185042 574507 371826 202681 376178 209428 166750 50842 48406 2436 105996 105996 465557 465557 814883 814883 339881 20000 209306 110575 4170 467 3703 245744 170955 74789 249074 246518 2556 296996 296996 86741 11155 75586 192770 12125 51922 128723 109984 109984 71230 71230 SPECIAL EVENTS AND ENT 104484 10814 71308 22362 RECRUITMENT 35547 33888 1659 OTHER EXPENSES 28253 776 24785 2692 DUES AND PUBLICATION 26022 250 14117 11655 35180976 25669223 5895357 3616396 2000 2000 10152942 5663315 15656754 12318857 261507 303920 127848 218566 5261149 470730 3301468 4790419 74236744 87274720 242527641 253598588 9998036 13398823 356264940 377569208 2185015 4461839 208500 20232365 21587692 15565803 18467612 37983183 44725643 X 6996119 7497380 311285638 325346185 318281757 332843565 356264940 377569208 X -1703655 17151816 -886353 X X 0 1 X 1 0 X 29768656 30554993 24063976 46719557 28741277 159848459 29768656 30554993 24063976 46719557 28741277 159848459 21940866 137907593 5766029 3862740 3515792 2905964 3879281 19929806 22590 1510344 339764 0 149525 2022223 1804464 1330526 609008 1096012 842438 5682448 187482936 3023000 0.73560 0.69310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE REVENUE - 2018 AMOUNT: $ 1,017,548. 2019 AMOUNT: $ 476,946. 2020 AMOUNT: $ 447,115. 2021 AMOUNT: $ 393,223. 2022 AMOUNT: $ 440,996. MISC REVENUE - 2018 AMOUNT: $ 786,916. 2019 AMOUNT: $ 853,580. 2020 AMOUNT: $ 161,893. 2021 AMOUNT: $ 702,789. 2022 AMOUNT: $ 401,442. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 31408712 31408712 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 2261 42000 44261 250000 250000 250000 250000 1000000 1500000 0 1 X 198449282 4507836 15137105 6698911 3474497 207920815 211150264 11247897 -14256539 6222648 3469692 198449282 161651453 11660753 46728998 5575274 3315666 211150264 163187029 9777370 -2831380 5180916 3300650 161651453 147044736 17526721 6848922 5107597 3125753 163187029 0.00000 1.00000 0.00000 0 0 1300000 25000 1325000 176473 62838 113635 675164 407892 267272 3084512 3084512 4790419 ALTERNATIVE INVESTMENTS 253598588 F 253598588 SPLIT INTEREST AGREEMENTS 15500455 LEASE LIABILITY 2967157 18467612 49137247 17151816 -886353 16265463 32871784 746495 -140958 605537 33477321 34575439 0 34575439 746495 -140958 605537 35180976 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 -886,353. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS -140,958. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS -140,958. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 30885470 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 1238896 0 0 0 0 0 0 32124366 0 32124366 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 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 379388 188244 191144 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONATHON AND DIRECT MAIL 0 179311 277313 -98002 558699 465557 93142 AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY HOOKS FOR BOOKS 124400 77616 46784 3355 1000 6913 21402 WRITER'S FALL OPUS 118245 91528 26717 24095 22000 2355 8 272352 61319 211033 7966 1500 11480 38893 514997 230463 284534 35416 2500 40393 62650 140959 143575 1 THE UNIVERSITY OF MONTANA 32 CAMPUS DRIVE MISSOULA MT 59812 816001713 STATE OF MT 24946318 665983 FMV ART, EQUIPMENT, INSTRUMENTS AND MUSIC, SUPPLIES, FOOD. ACADEMIC AND INSTITUTIONAL SUPPORT, CAPITAL PROJECTS, AND SCHOLARSHIPS 1 0 POST GRAD AWARDS 1 12957 N/A N/A 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 0 0 WILLIAMS CYNTHIA PRESIDENT & CEO 277976 0 0 0 6555 0 31957 0 16859 0 333347 0 0 0 STANTON JAMIE CHIEF FINANCE AND OPERATIONS OFFICER 182692 0 250 0 0 0 21223 0 21294 0 225459 0 0 0 JENNINGS TRACEY VP OF DEVELOPMENT 148917 0 250 0 0 0 16605 0 11028 0 176800 0 0 0 REARDON BRAD VP OF INFORMATION SYSTEMS 127550 0 250 0 0 0 15158 0 21294 0 164252 0 0 0 RUE HEATHER VP OF MARKETING & COMMUNICATIONS 126293 0 250 0 0 0 14706 0 18444 0 159693 0 0 0 BRAD REARDON FAMILY MEMBER OF JAMIE STANTON, CURRENT OFFICER 145614 COMPENSATION 0 X 22 604001 FAIR MARKET VALUE X FAIR MARKET VALUE X 18725 FAIR MARKET VALUE X 344 FAIR MARKET VALUE X 49 2153598 FAIR MARKET VALUE X SUPPLIES 49 29262 FAIR MARKET VALUE X DURABLE MEDICAL EQUIPMENT 4 5046 FAIR MARKET VALUE X EQUIPMENT 6 4550 FAIR MARKET VALUE X FOOD AND BEVERAGE 13 2152 FAIR MARKET VALUE X MISCELLANEOUS 2 1554 FAIR MARKET VALUE X INSTRUMENTS 1 599 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 A, LINE 4 THE CHANGES TO THE BY-LAWS INCLUDED DEFINITIONS, AMENDED MEMBERSHIP ELIGIBILITY AND TERMS, UPDATED AUTHORITY PROVISIONS, UPDATED INFORMATION ON MEETINGS, UPDATED INFORMATION ON OFFICERS, UPDATED INFORMATION ON COMMITTEES, UPDATED INFORMATION ON REQUIRED REPORTS FROM THE PRESIDENT, AND UPDATED CONFLICT OF INTEREST INFORMATION. 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 EACH YEAR TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. INDIVIDUAL TRUSTEES MUST DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST TO THE CHAIR OF THE GOVERNANCE COMMITTEE, OR IF THE CONFLICT IS IDENTIFIED DURING A BOARD MEETING THEN TO THE TRUSTEE CHAIRING THE MEETING. AFTER DISCLOSURE OF THE CONFLICT, THE INDIVIDUAL TRUSTEE SHALL RECUSE THEMSELVES FROM DISCUSSIONS AND VOTES ON THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE FOUNDATION'S PRESIDENT/CEO IS REVIEWED ON AN ANNUAL BASIS BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARY SURVEYS ARE REFERENCED BY THE COMMITTEE IN DETERMINING SALARY. A RECOMMENDATION IS THEN MADE TO THE FULL BOARD AND ONCE THAT DECISION IS APPROVED, HR IS PROVIDED THE FINAL DECISION AND UPDATED EMPLOYMENT CONTRACTS ARE DRAFTED. DELIBERATIONS ARE DOCUMENTED WITHIN THE MEETING MINUTES. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2022. 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. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2022. 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 -886,353. FORM XII, LINE 2C: AUDIT OVERSIGHT IS NOW PERFORMED BY THE AUDIT RISK COMMITTEE. IN THE PAST THE AUDIT FINANCE COMMITTEE PERFORMED THE OVERSIGHT.