2024-05-02T08:46:36-05:00 2023-06-30 346565596 Ernst & Young US LLP 155 N Wacker Drive Chicago IL 60606 990 2022-07-01 376006007 University of Illinois Foundation UNIV 2173330810 303 St Marys Road Champaign IL 61820 Christine C Devocelle Treasurer & CFO 2173330810 2024-05-02 1 Christine Devocelle 999009999 0 Katherine Kurtzman P01236691 3128792000 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z James H Moore Jr 303 St Marys Road Champaign IL 61820 1905366363 0 X www.uif.uillinois.edu X 1935 IL The University of Illinois Foundation's corporate mission is to advance the interests and welfare of the University of Illinois. As stated in its Articles of Incorporation, the role of the Foundation is procuring private support on behalf of the University. The Foundation functions as the independent official fundraising and private gift-receiving organization for the University of Illinois. The Foundation works hand-in-hand with the President of the University of Illinois System and the Chancellor for each university to identify strategic private support priorities, create suitable fundraising strategies and tactics, and implement and evaluate appropriate development programs. In its role of developing private gifts, the Foundation leads the effort to plan and mount special fundraising initiatives, as well as annual giving programs and major capital campaigns, working in collaboration with a network of University development professionals. 24 24 197 928 13218479 3733178 259134775 258378863 9664172 9802498 73905711 161158110 17930390 20922918 360635048 450262389 238542475 269256903 0 0 27411391 31448880 146862 92850 21911082 31644881 33748501 297745609 334547134 62889439 115715255 3049278109 3328275874 75439367 125846987 2973838742 3202428887 X The University of Illinois Foundation is a nonprofit corporation responsible for encouraging and administering private gifts made to further the University of Illinois's mission. Although the Foundation is a separate entity from the University of Illinois ("University"), the Foundation's sole reason for existence is to serve the University. 0 0 269256903 269256903 29499146 The University of Illinois Foundation makes distributions to the University of Illinois which uses these distributions in accordance with donor intent for many purposes, including student support, faculty support, and research. 269256903 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 X 377 0 1 197 1 1 1 1 CO UK ID CA BE JA CJ KS RS BR CH EZ GR HU IS MY MX TU PL DA IC 0 0 1 1 1 1 1 4 0 0 0 0 0 X 24 24 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA IL KY MD MA HI MN NH NY OR SC UT WV WI MI X X Christine C Devocelle 2173330810 303 St Marys Road Champaign IL 61820 X Anthony G DiTommaso Chair of the Board 2.00 0.00 X X 0 0 0 Richard C Osborne Chair Elect 2.00 0.00 X X 0 0 0 Kay M Schwichtenberg Immediate Past Chair of the Board 2.00 0.00 X X 0 0 0 Shakeeb Alam Director 2.00 0.00 X 0 0 0 Donald E Bielinski Director 2.00 0.00 X 0 0 0 Mark D Coe Director 2.00 0.00 X 0 0 0 Alan D Feldman Director 2.00 0.00 X 0 0 0 Laura L Fraley Director 2.00 0.00 X 0 0 0 Alejandra Garza Director 2.00 0.00 X 0 0 0 Beth Georgia Gies-start 3823 Director 2.00 0.00 X 0 0 0 Karen M Golz Director 2.00 0.00 X 0 0 0 Mary Kay Haben Director 2.00 0.00 X 0 0 0 Cynthia M Helle Director 2.00 0.00 X 0 0 0 Stuart L Levenick Director 2.00 0.00 X 0 0 0 Leon J Loichle Director 2.00 0.00 X 0 0 0 Jean M Manning Director 2.00 0.00 X 0 0 0 A Helen McGrath Director 2.00 0.00 X 0 0 0 Sam Mendenhall Director 2.00 0.00 X 0 0 0 Saul J Morse Director 2.00 0.00 X 0 0 0 Deborah A Paul Director 2.00 0.00 X 0 0 0 Mary Ellen Penicook Director 2.00 0.00 X 0 0 0 Jose L Santillan Director 2.00 0.00 X 0 0 0 Khawar M Siddique Director 2.00 0.00 X 0 0 0 Paul T Tucker Director 2.00 0.00 X 0 0 0 James H Moore Jr President & CEO 40.00 0.00 X 869497 0 54179 Travis W Shore Chief Investment Officer 40.00 0.00 X 606998 0 49227 Christine C Devocelle Treasurer & COO 40.00 0.00 X 346980 0 53961 Jacquline N Schweighart Assistant Secretary 40.00 0.00 X 221419 0 59519 Michelle S Bolger Assistant Treasurer 40.00 0.00 X 187583 0 55833 Kelly L Bennett Assistant Treasurer 40.00 0.00 X 139940 0 50305 Jennifer FCerasa-start 71822 Secretary & General Counsel 40.00 0.00 X 131310 0 23469 Edward F Ewald Executive Advisor 20.00 0.00 X 347026 0 65534 Jaime N Davis Senior Director 40.00 0.00 X 319079 0 46675 Matthew McGanity Managing Director 40.00 0.00 X 304518 0 27023 Frank Robinson Managing Director 40.00 0.00 X 298459 0 31811 Michael A Davis Chief Technology Officer 40.00 0.00 X 193242 0 45036 Margaret A Cline Vice President 40.00 0.00 X 222569 0 58013 Richard H Darnell Jr Senior Vice President 40.00 0.00 X 206655 0 47505 Shari M Fox - end 73122 Senior Vice President 40.00 0.00 X 206142 0 27155 Tyler S Fitch Vice President 40.00 0.00 X 184444 0 51633 William E Reynen Director 40.00 0.00 X 164027 0 38570 Edward B Creedon - end 33122 Former Interim CIO 0.00 0.00 X 253354 0 20178 Wesley W Curtis - end 63022 Former General Counsel 0.00 0.00 X 205711 0 20881 5408953 0 826507 40 1 1 0 Berglund Construction Company 8410 S South Chicago Avenue Chicago IL 60617 Design-Build/General Construction 2485561 Praesidium Investment Management CoLLC 1411 Broadway29th Floor New York NY 10018 Investment Management 1316345 The Expo Group 5931 Campus Circle Drive West Irving TX 75063 Event Production 1298218 One Sixty Over Ninety LLC 510 Walnut Street 19th Floor Philadelphia PA 19106 Marketing & Branding 1254866 Wight Construction Services Inc 2500 North Frontage Road Darien IL 60561 General Construction 694296 16 11575 258367288 37741779 258378863 University Contract & Budget 813211 9578833 9578833 Annual Funds 813211 223665 223665 9802498 23700069 13218479 10481590 1759912 533642 1226270 1226270 1226270 1588753687 3274686 1450750362 3819970 138003325 -545284 137458041 137458041 Athletic Receipts 813211 13174419 13174419 Non-Gift Revenue (Sales, Auctions 813211 6270348 6270348 251881 251881 19696648 450262389 29499146 13218479 149165901 269234903 269234903 22000 22000 5972076 4848640 1123436 18936116 7196090 11740026 1322551 730672 591879 4128643 2167276 1961367 1089494 649794 439700 273028 273028 428424 428424 92850 92850 19463004 19463004 3034899 1181335 1853564 114944 114944 1355264 1027438 327826 2173088 1853639 319449 1176457 1104166 72291 1304073 376269 927804 1937958 117208 1820750 479548 479548 1137864 1137864 29951 29951 Online research tools 380895 177346 203549 Marketing & communicati 208720 49647 159073 Membership & dues 191480 34505 156975 58904 53305 5599 334547134 269256903 43379149 21911082 9005932 7320709 233000000 235000000 4288009 77701595 59365 55518 1659801 2213711 195738278 16202969 151566489 179535309 463856693 644069237 2112106329 2104599024 73735491 77780771 3049278109 3328275874 15992976 76847983 9812805 10198764 49633586 38800240 75439367 125846987 X 75389600 82166505 2898449142 3120262382 2973838742 3202428887 3049278109 3328275874 X 115715255 98751252 14123638 X 0 1 X 1 0 X 318117475 270511499 258352097 259134775 258378863 1364494709 318117475 270511499 258352097 259134775 258378863 1364494709 200311031 1164183678 18423460 16229326 19693179 21994579 25459980 101800524 1466295233 126130338 0.79400 0.77760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2573230510 97853842 151429041 1504606 52414467 2768594320 2766168251 92809763 -240112903 1612344 44022257 2573230510 2112155909 105262836 598310179 4376184 45184490 2766168250 2141968910 93453184 -76212587 2668976 44384622 2112155909 2003820875 173754472 7857669 5812150 37652226 2141968640 0.17790 0.81060 0.01150 1 1 1 117673254 117673254 1554444 58683787 617072 59621159 6957069 6944994 12075 10869724 8640903 2228821 179535309 650153151 F Alternative investments - non-exchange traded 1302890315 F Real estate trusts & partnerships 132842518 F Private equity at cost 18712936 C Other investments 104 F 2104599024 Annuities payable 36430641 Remainder interest due to others 2369599 38800240 X 539814489 98751252 1487904 14123639 114362795 425451694 24810695 24810695 450262389 311224343 1487904 1487904 309736439 24810695 24810695 334547134 Part V, Line 4: The University of Illinois Foundation's endowment funds are intended for use by the University of Illinois. When each endowment fund is established it is set up with a purpose code based on donor intent. Examples of these codes include scholarships, professorships, research, facilities, etc. Part X, Line 2: Management has evaluated its material tax positions, which include such matters as the tax exempt status of each entity and various positions relative to potential sources of UBI. As of June 30, 2023, there were no uncertain tax benefits identified and recorded as a liability. Part XI, Line 2d - Other Adjustments: Actuarial adjustment Central America and the Caribbean 0 0 Fundraising 1439 East Asia and the Pacific 0 0 Fundraising 92697 Europe (Including Iceland & Greenland) 0 1 Fundraising 42997 South America 0 0 Fundraising 6299 South Asia 0 0 Fundraising 9327 East Asia and the Pacific 0 0 Investment oversight 63543 Europe (Including Iceland & Greenland) 0 0 Investment oversight 51318 South America 0 0 Investment oversight 14978 Central America and the Caribbean 0 0 Legal domicile of endowment investments 552063303 East Asia and the Pacific 0 0 Legal domicile of endowment investments 1999649 Europe (Including Iceland & Greenland) 0 0 Legal domicile of endowment investments 68128780 Middle East and North Africa 0 0 Legal domicile of endowment investments 17215130 North America 0 0 Legal domicile of endowment investments 22838278 Sub-Saharan Africa 0 0 Legal domicile of endowment investments 1066176 0 1 0 0 0 1 282598 663311316 663593914 1 0 1 1 1 0 Part III Accounting Method: X X X X X 1 Marts & Lundy 160 Chubb Avenue Suite 303 Lyndhurst NJ 07071 Fundraising counsel 0 0 92850 -92850 92850 -92850 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 Schedule G, Part I, Line 2b, Column (v) The firm was engaged to provide fundraising counsel including sizing, feasibility, donor capacity, donor perceptions and motivations,goal setting, etc. 0 University of Illinois 506 S Wright St 108 Henry Administration Building Urbana IL 61801 376000511 501 (c) 3 259762171 7213297 FMV/Appraisal Artwork, Books, Equipment, and Other Similar Items Support for the University of Illinois University of Illinois Alumni Association 601 S Lincoln Avenue Urbana IL 61801 376006004 501 (c) 3 1692973 0 Support on behalf of the University of Illinois Orthopterist's Society 2417 Fields South Drive Champaign IL 61822 382214605 501 (c) 3 220000 0 Support on behalf of the University of Illinois Princeton University 5th FL - New South Building Princeton NJ 08544 210634501 501 (c) 3 106313 0 Support on behalf of the University of Illinois Southernmost Illinois Delta Empowerment Zone 330 Enterprise Lane Suite 110 Mounds IL 62964 371383807 501 (c) 3 100000 0 Support on behalf of the University of Illinois The Board of Trustees of The Leland Stanford Junior University Arrillaga Alumni Center 326 Galvez Street Stanford CA 94305 941156365 501 (c) 3 66666 0 Support on behalf of the University of Illinois Washington State University Foundation PO Box 641927 Pullman WA 99164 911075542 501 (c) 3 21083 0 Support on behalf of the University of Illinois 7 Fellowship 2 21000 Form 990 Schedule I Part I The University of Illinois Foundation does not administer the other assistance. The funds are transferred to the University of Illinois or organizations on their behalf which administer the funds. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 James H Moore Jr President & CEO 560342 0 308675 0 480 0 22610 0 31569 0 923676 0 0 0 Travis W Shore Chief Investment Officer 397851 0 200000 0 9147 0 25350 0 23877 0 656225 0 0 0 Edward F Ewald Executive Advisor 313026 0 34000 0 0 0 37841 0 27693 0 412560 0 0 0 Christine C Devocelle Treasurer & COO 317804 0 25000 0 4176 0 22610 0 31351 0 400941 0 0 0 Jaime N Davis Senior Director 210079 0 109000 0 0 0 17939 0 28736 0 365754 0 14000 0 Matthew McGanity Managing Director 121018 0 175000 0 8500 0 18318 0 8705 0 331541 0 0 0 Frank Robinson Managing Director 120370 0 175000 0 3089 0 16684 0 15127 0 330270 0 0 0 Jacquline N Schweighart Assistant Secretary 217243 0 0 0 4176 0 28168 0 31351 0 280938 0 0 0 Margaret A Cline Vice President 202569 0 20000 0 0 0 26662 0 31351 0 280582 0 0 0 Edward B Creedon - end 33122 Former Interim CIO 151821 0 101533 0 0 0 7959 0 12219 0 273532 0 59533 0 Richard H Darnell Jr Senior Vice President 206655 0 0 0 0 0 16154 0 31351 0 254160 0 0 0 Michelle S Bolger Assistant Treasurer 187583 0 0 0 0 0 24482 0 31351 0 243416 0 0 0 Michael A Davis Chief Technology Officer 193242 0 0 0 0 0 15242 0 29794 0 238278 0 0 0 Tyler S Fitch Vice President 184444 0 0 0 0 0 24084 0 27549 0 236077 0 0 0 Shari M Fox - end 73122 Senior Vice President 206008 0 0 0 134 0 13925 0 13230 0 233297 0 0 0 Wesley W Curtis - end 63022 Former General Counsel 155711 0 50000 0 0 0 12060 0 8821 0 226592 0 0 0 William E Reynen Director 164027 0 0 0 0 0 21415 0 17155 0 202597 0 0 0 Kelly L Bennett Assistant Treasurer 139940 0 0 0 0 0 18954 0 31351 0 190245 0 0 0 Jennifer FCerasa-start 71822 Secretary & General Counsel 98219 0 0 0 33091 0 10240 0 13229 0 154779 0 0 0 Part I, Line 1a First-class travel: Matthew McGanity - business purpose - not treated as taxable compensation Travel for companions: James H. Moore, Jr. - to assist with business purpose of trip - not treated as taxable compensation Social Club Dues: James H. Moore, Jr. - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Christine C. Devocelle - % of personal use treated as taxable compensation Jacquline Schweighart - % of personal use treated as taxable compensation Shari M. Fox - % of personal use treated as taxable compensation Part I, Line 3 The Executive Committee shall have a Compensation Subcommittee that approves key elements of an overall compensation program which may include performance based compensation. The Compensation Subcommittee shall include at least three members of the Executive Committee and be chaired by the Immediate Past Chair of the Board of Directors. The President of the Foundation and the President of the University of Illinois shall serve as ex officio non-voting members of the Compensation Subcommittee and shall not count toward a quorum. The Compensation Sub-committee (committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the committee for compensation packages of any disqualified person except him/herself. The committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President/CEO,employed Secretary and Assistant Secretaries, employed Treasurer and Assistant Treasurers, Chief Investment Officer, Controller, and any person who manages a discreet segment or activity of the organization that represents a substantial portion of the activities, assets, income or expenses of the organization. This process in undertaken for each position on an annual basis. Part I, Line 7 Edward Creedon and Jaime Davis received a portion of their compensation based on qualitative and quantitative performance goals that require a level of discretion by management. Additional Supplemental Information The Vice Chancellors for Institutional Advancement at each university within the University of Illinois system (Chicago, Springfield, and Urbana-Champaign) share a reporting line to the Chancellor at each university as well as the University of Illinois Foundation President. They provide services similar to University of Illinois Foundation key employees, however they are paid directly by the University of Illinois which is not a related organization per IRS definition. The University of Illinois Foundation's compensation subcommittee does review the compensation of the Vice Chancellors. X 69 1039281 FMV methods vary by gift X 740807 FMV methods vary by gift X 234 27740047 FMV methods vary by gift X 1 295000 FMV methods vary by gift X 3 508588 FMV methods vary by gift X Equipment 68 3481631 FMV methods vary by X Other 126 1757190 FMV methods vary by X Beneficial interest in trusts 2 959613 FMV methods vary by 293 0 0 1 Part I, Column (b): Numbers represent the number of contributions Part I, Line 32b: The Foundation engages 3rd parties to sell non-cash contributions. We use the services of real estate agents to sell gifts of property and brokerage firms to sell securities gifts. Part I, Line 33: The values reported on Schedule M vary from the non-cash contributions reported on Form 990 Part VIII line G due to changes in pledges receivable and deferred/trust gifts. The contribution revenue for a pledge and irrevocable deferred/trust gift is recorded in the year the documentation is executed. In the year the pledge or deferred gift is realized, the contribution will show up in Schedule M only if it was fulfilled with a non-cash item (i.e. securities) but will be offset with a reduction in pledges receivable or actuarial adjustment revenue, which is not displayed on Schedule M. Form 990, Part I, Line 6 This number represents the number of Foundation Members. Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. Form 990, Part VI, Section A, line 1a The Board of Directors shall elect from its own body an Executive Committee of five (5) or more Governing Directors which shall have and exercise all of the powers of the Board of Directors while the Board of Directors is not in meeting. The Chair of the Board of Directors shall serve as chair and shall be an ex officio voting member of the Executive Committee and count toward a quorum. The Immediate Past Board Chair and the Chair-Elect of the Board shall be ex officio voting members of the Executive Committee and count toward a quorum. The Chair-Elect of the Board shall serve as vice-chair of the Executive Committee. The President of the Foundation shall be an ex officio non-voting member of the Executive Committee and shall not count toward a quorum. Unless otherwise provided by resolution of the Board of Directors, a majority of the voting members of the Executive Committee shall constitute a quorum, and the act of a majority of the voting members of the Executive Committee shall be the act of the Executive Committee. Each member of the Executive Committee shall continue as such until a successor is appointed, unless such member shall be sooner removed from such Executive Committee, or unless such member shall cease to qualify as a member thereof. The Board of Directors may appoint Life Directors to the Executive Committee without a vote and without counting toward a quorum. However, the majority of the membership of the Executive Committee shall always be comprised of Governing Directors. The Executive Committee may meet through the use of a conference telephone or other communication equipment by means of which all Committee members participating in the meeting can communicate with each other. Action taken by the Executive Committee shall be made a matter of record and the Secretary of the Foundation shall serve ex officio as Secretary of the Executive Committee. A written report of the action taken by the Executive Committee shall be made at the next meeting of the Board of Directors. Form 990, Part VI, Section A, line 6 Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. Foundation Members shall be elected by the Board of Directors as hereinafter provided. Foundation Members shall be encouraged to attend the Foundation's annual meeting and shall be eligible to serve on Board committees without voting privileges and without counting toward a quorum. The Membership and Governance Committee shall at least annually report to the Chair of the Board of Directors of the Foundation the names of its nominees to be Foundation Members. Foundation Members shall be elected by majority vote of the Board of Directors. No person shall be eligible for election for membership until he or she has been nominated according to the process outlined above. Each Foundation Member shall be entitled to one vote on each matter, if any, submitted to a vote of the members or required by law to be voted on by the members. Each Foundation Member shall serve until such individual resigns or is removed as a member by majority vote of the Board of Directors for any reason. In addition, any Foundation Member who fails to meet the requirements of membership as outlined by the Foundation Membership Program, as it may exist and be amended from time to time, is deemed to have resigned as a Foundation Member, absent good cause shown and approved by a majority vote of the Board of Directors. For good cause to be shown, the Membership and Governance Committee shall first review the matter and make a recommendation to the Board of Directors as to whether good cause has been shown. Any Foundation Member may resign by filing a written resignation with the Secretary. Membership in the Foundation is not transferable or assignable. Members have no rights to receive distributions of income or assets from the organization. Form 990, Part VI, Section A, line 7a Election of Governing Directors The Board of Directors shall meet at least annually to elect Governing Directors, each of whom shall serve for a term of three (3) years. No Governing Director shall serve more than four (4) three year terms. Notwithstanding the foregoing, a Governing Director's term may be extended beyond four (4) three-year terms if the Governing Director is serving as the Board Chair, Board Chair-Elect, or Immediate Past Board Chair at the time their term would otherwise expire. In addition, the Board of Directors may, in special circumstances, by majority vote permit Governing Directors to have a leave of absence and a temporary suspension of the accrual of their term. The Membership and Governance Committee shall nominate persons for election to the Board of Directors as Governing Directors. Nominees are not required to be members of the Foundation and shall be presented by the Membership and Governance Committee to the Board of Directors prior to the Board meeting at which the nominees will be considered for election as Governing Directors. The Membership and Governance Committee shall also evaluate Governing Directors whose three-year terms have expired, and provide orientation for new Governing Directors. Form 990, Part VI, Section B, line 11b The form is sent to accounting firm Ernst & Young for their review of the information. After review, the information is shared with the Board of Directors and the form is reviewed and discussed in detail with the Audit Committee of the Board of Directors. After this review, Ernst & Young signs as paid preparer and the form is filed. Form 990, Part VI, Section B, line 12c The Foundation adopted and abides by a conflicts of interest policy to protect the Foundation's interest when it is contemplating entering into a transaction,arrangement, or operating practice that might benefit the private interest of a director as defined in the bylaws, or an officer, member of a Board of Directors committee, or key employee of the Foundation. The conflicts of interest policy is intended to supplement, but not replace any applicable state and federal laws governing conflicts of interest applicable to nonprofit and tax-exempt organizations. The conflict of interest disclosure form is sent out each year to every member of the Board of Directors, including officers, Board committee members, and key employees. After the forms are completed, any reported items are summarized by the General Counsel and sent to every member of the Audit Committee for review. The members of the Audit Committee determine if any conflicts exist. Any questions or further research required is done by legal counsel who reviews the summary sent to the Audit Committee and then confers with the Audit Committee chair. A summary of the review and its conclusions is then given at the next Audit Committee meeting. Directors or Officers who have declared a conflict of interest, or who have been found to have a conflict of interest, shall refrain from participating in consideration of proposed transactions unless the Board or Foundation President requests information or interpretation for special reasons. Should a conflict of interest matter require an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. Form 990, Part VI, Section B, line 15 The Compensation Sub-committee (committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation, to make recommendations to be approved by the committee for compensation packages of any disqualified person except him/herself. The committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President/CEO, Senior Vice President(s), employed Secretary and Assistant Secretaries, Treasurer, Chief Investment Officer, Controller, employed Assistant Treasurer(s), and any person who manages a discreet segment or activity of the organization that represents a substantial portion of the activities, assets, income, or expenses of the organization. This process in undertaken for each position on an annual basis. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are made available to the public by accessing our website or upon request. Part VII Section B. Independent Contractors The compensation amounts listed for firms Berglund Construction Company and Wight Construction Services, Inc. include expense reimbursements and materials cost. Form 990, Part XI, line 9: Actuarial adjustment 14,123,638. University of Illinois Foundation UK Limited Third Floor 20 Old Bailey London UK To provide support for education and the University of Illinois UK 11575 6500 University of Illinois Foundation UIF Plymouth Court LLC 303 St Marys Road Champaign IL 61820 To provide support for education and the University of Illinois IL 0 32800000 University of Illinois Foundation Margaret Bloom Trust 1045000013 PO Box 260 Champaign IL 61824 376224584 To provide scholarships for the University of Illinois IL 501(c)(3) Line 12d, III-O University of Illinois Foundation 1 Leiby S Hall Scholarship Trust PO Box 1488 Decatur IL 62525 376357798 To provide undergraduate scholarships IL 501(c)(3) Line 12d, III-O University of Illinois Foundation 1 Mary Ellen Defenbaugh Charitable Trust PO Box 529 Mattoon IL 61938 371410645 To provide scholarships for the University of Illinois Medical School IL 501(c)(3) Line 12d, III-O University of Illinois Foundation 1 Justine O Saelhof & Clarence C Saelhof Foundation PO Box 653067 Dallas TX 75265 366813867 To provide support to the University of Illinois IL 501(c)(3) PF University of Illinois Foundation 1 The Academy on Capitalism and Limited Government Foundation 907 W Marketview Dr Ste 10-331 Champaign IL 61822 943463771 To support scholarly research and teaching IL 501(c)(3) Line 7 University of Illinois Foundation 1 Number Theory Foundation HB-6188 Mathematics Department Dart Hanover NJ 03755 742913961 To promote research and sponsor conference attendance IL 501(c)(3) Line 12a, I University of Illinois Foundation 1 ECRU Corporation 303 St Marys Road Champaign IL 61820 621019111 Investment & Leasing IL University of Illinois Foundation C 25077 666001 1.00000 0 Herman J Adelmann Univ of IL Medical School Trust R64207005 10 S Dearborn Chicago IL 60603 366404161 Hold investments for which the income benefits Univ of IL IL N/A T 74417 3053058 1.00000 0 WM & Isabella Kane Mem Scholarship TR PO Box 653067 Dallas TX 75265 366230865 Hold investments for which the income benefits Univ of IL IL N/A T 11302 536757 1.00000 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 University of Illinois Foundation UK Limited B 44004 Fair value University of Illinois Foundation UK Limited C 11575 Fair value Margaret Bloom Trust 1045000013 S 548317 Investment returns Leiby S Hall Scholarship Trust S 319129 Investment returns Mary Ellen Defenbaugh Charitable Trust S 64826 Investment returns Justine O Saelhof & Clarence C Saelhof Foundation S 203543 Investment returns Herman J Adelmann Univ of Illinois Medical School Trust R64207005 S 148114 Investment returns WM & Isabella Kane Mem Scholarship TR S 49819 Investment returns