2024-05-09T12:28:37-05:00 2023-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2022-07-01 141503972 UNIVERSITY AT ALBANY FOUNDATION UNIV 5184375090 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 FARDIN SANAI EXECUTIVE DIRECTOR 5184375090 2024-05-08 1 FARDIN SANAI XXX-XX-XXXX 1 GRACE GONZALEZ P01357170 5853811000 2024-05-08 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z FARDIN SANAI 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 24717880 0 X WWW.ALBANY.EDU/UAFOUNDATION X 1967 NY THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT ANDADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY (UNIVERSITY), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY. 38 38 10 38 -41407 0 10225824 21497131 684262 775173 4612687 1921394 697662 -361312 16220435 23832386 4492006 4418362 0 0 786401 844532 22500 37500 649014 3473727 4914558 8774634 10214952 7445801 13617434 162512695 183740004 13562329 13290515 148950366 170449489 SEE SCHEDULE O 0 0 8266367 4418362 255480 HIGHER EDUCATION PROGRAM ADMINISTER FUNDS FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE UNIVERSITY AT ALBANY, SUNY, ITS STUDENTS, FACULTY, STAFF AND ALUMNI. SCHOLARSHIPS, AWARDS, AND EMERGENCY STUDENT ASSISTANCE WERE PROVIDED TO 3,285 INDIVIDUALS 519693 ADMINISTRATIVE SERVICES PROVIDE MANAGEMENT AND ACCOUNTING SERVICES TO ORGANIZATIONS WHOSE PURPOSE IS TO ADVANCE THE EDUCATIONAL AND RESEARCH MISSION OF THE STATE UNIVERSITY OF NEW YORK AND THE STATE UNIVERSITY OF NEW YORK AT ALBANY. 8266367 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 249 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 38 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY AK CA HI KY MD MA MI MN NH NJ OR PA SC UT VA WV WI X X RICHARD MCGINN 5184375090 1400 WASHINGTON AVENUE UAB 226 ALBANY NY 12222 X HAVIDAN RODRIGUEZ DIRECTOR 1.00 1.00 X 6156 0 0 GEORGE HEARST III PRESIDENT 1.00 1.00 X X 0 0 0 LEWIS WIENER VICE PRESIDENT 1.00 0.00 X X 0 0 0 JEFFREY BLACK TREASURER 1.00 1.00 X X 0 0 0 BRIAN STRAUGHTER SECRETARY 1.00 1.00 X X 0 0 0 NOLAN ALTMAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL BORYS DIRECTOR 1.00 0.00 X 0 0 0 PETER BULGER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL CASTELLANA DIRECTOR 1.00 0.00 X 0 0 0 SAUL CURTIS DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN DENNIS DIRECTOR 1.00 0.00 X 0 0 0 LOUIS DESORBO DIRECTOR 1.00 0.00 X 0 0 0 JULIANNA DEFEO DIRECTOR 1.00 0.00 X 0 0 0 ELDA DI RE DIRECTOR 1.00 0.00 X 0 0 0 LISA FUND DIRECTOR 1.00 0.00 X 0 0 0 MARY HAGGERTY DIRECTOR 1.00 0.00 X 0 0 0 KEITH HYNES DIRECTOR 1.00 0.00 X 0 0 0 SHARON KANTOR DIRECTOR 1.00 0.00 X 0 0 0 AMY KNAPP DIRECTOR 1.00 1.00 X 0 0 0 ROANNE KULAKOFF DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM LANFORD DIRECTOR 1.00 0.00 X 0 0 0 MARYANNE LAVAN DIRECTOR 1.00 0.00 X 0 0 0 MEG PICOTTE MACCLARENCE DIRECTOR 1.00 0.00 X 0 0 0 JOHN NAUMANN DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM NEWMAN DIRECTOR 1.00 0.00 X 0 0 0 DANIEL NOLAN DIRECTOR 1.00 0.00 X 0 0 0 DEBRA POLLARD DIRECTOR 1.00 0.00 X 0 0 0 KIMBERLY SANGER JONES DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SCHWARTZ DIRECTOR 1.00 0.00 X 0 0 0 REBECCA STAFFORD DIRECTOR 1.00 0.00 X 0 0 0 SUSAN SHIPHERD DIRECTOR 1.00 0.00 X 0 0 0 MAUREEN SWEENEY DIRECTOR 1.00 0.00 X 0 0 0 EDWARD SWYER DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL WEILHEIMER DIRECTOR 1.00 0.00 X 0 0 0 MARK YANG DIRECTOR 1.00 0.00 X 0 0 0 TODD FOREMAN DIRECTOR 1.00 1.00 X 0 0 0 JONATHAN JONES DIRECTOR 1.00 0.00 X 0 0 0 CANON KAY HOTALING DIRECTOR 1.00 0.00 X 0 0 0 RICHARD MCGINN JR CHIEF FINANCIAL OFFICER 24.37 13.13 X 224993 0 24368 FARDIN SANAI EXECUTIVE DIRECTOR 5.00 1.00 X 14846 0 0 CHRISTOPHER LOSAVIO CONTROLLER 30.00 7.50 X 136048 0 14787 FRANCIS ZERONDA ADMINISTRATIVE COUNSEL 0.00 30.00 X 114295 0 12873 496338 0 52028 3 0 1 0 PRIME BUCHHOLZ LLC PO BOX 16011 LEWISTON ME 04243 INVESTMENT CONSULTANT 149795 1 156591 21340540 175723 21497131 ADMIN FEE INCOME 561000 519693 519693 PROGRAM ACTIVITIES AND OTHER REVE 611710 255480 255480 775173 1920459 -101467 2021926 58134 368989 -310855 -310855 -310855 418336 417401 935 935 60060 -59125 48647 156591 99104 -50457 -50457 23832386 775173 -41407 1601489 X 486931 486931 3931431 3931431 275455 4704 270751 421450 421450 41167 41167 60907 60907 45553 45553 160 160 101710 101710 33000 33000 37500 37500 162576 162576 775213 748294 2874 24045 18393 18393 773581 736530 8825 28226 31084 31084 SUPPLIES AND SERVICES 596619 402580 67038 127001 UNIVERSITY STAFFING 486438 486438 MEETINGS AND EVENTS 476896 476896 INFORMATION TECHNOLOGY 344725 344725 1114163 596445 85476 432242 10214952 8266367 1299571 649014 2485976 2915801 1000 11040 12074929 17648382 559618 546877 1045159 332990 690230 712169 72155632 82077689 71330573 76440258 3214737 3387788 162512695 183740004 690237 653042 12872092 12637473 13562329 13290515 X 26055504 31554482 122894862 138895007 148950366 170449489 162512695 183740004 13617434 7881689 0 X X 0 1 X 1 0 X 11391153 11578066 10896160 10225824 21497131 65588334 11391153 11578066 10896160 10225824 21497131 65588334 14708684 50879650 3345802 1952237 2633847 3116771 1978593 13027250 29891 29891 78645475 0.64690 0.71180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2021 AMOUNT: $ 29,891. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 33000 33000 0 PART II-B, LINE 1: THE FOUNDATION MADE PAYMENTS TO A PUBLIC RELATIONS FIRM TO LOBBY THE NEW YORK STATE LEGISLATIVE BRANCHES ON MATTERS REGARDING BUDGET, REGULATORY AND LEGISLATIVE ISSUES OF IMPORTANCE TO THE STATE UNIVERSITY OF NEW YORK AT ALBANY. THIS IS A REOCCURING RELATIONSHIP THAT COINCIDES WITH THE ANNUAL NEW YORK STATE BUDGET DEVELOPMENT PROCESS. 2298500 X X X 0 100856595 15091147 3030811 1783305 1514849 115680399 102701928 3628560 -2556482 1571551 1345860 100856595 77649961 6543838 20906713 1297431 1101153 102701928 75126461 4925874 -431548 1014978 955848 77649961 71700966 3140438 2388330 1142454 960819 75126461 0.05800 0.91900 0.02300 0 0 976037 296916 679121 69122 36074 33048 712169 LIMITED PARTNERSHIPS 76440258 F 76440258 ANNUITY AND LIFE INCOME OBLIGATIONS 1470273 LIABILITIES ASSOCIATED WITH INVESTMENTS 11167200 12637473 X 38328469 7881689 6725412 14607101 23721368 162576 -51558 111018 23832386 18217599 8165223 8165223 10052376 162576 162576 10214952 PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. CHANGES IN RECOGNITION IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE FOUNDATION BELIEVES IT HAS TAKEN NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED ENTITY ACTIVITY-UABDC 6,725,412. PART XI, LINE 4B - OTHER ADJUSTMENTS: REAL ESTATE EXPENSES -368,989. DIRECT EXPENSES FOR FUNDRAISING EVENTS -99,104. REVENUE ON RETURN ELIMINATED IN CONSOLIDATION ON FINANCIALS 416,535. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED ENTITY ACTIVITY 7,697,130. REAL ESTATE EXPENSES 368,989. DIRECT EXPENSES FOR FUNDRAISING EVENTS 99,104. SCHEDULE D, PAGE 2, PART III, LINE 4 THE FOUNDATION'S ART AND HISTORICAL COLLECTION CONSISTS OF PAINTINGS, PHOTOGRAPHS, BOOKS, HISTORICAL PAPERS, AND MEDIA. THE COLLECTION ADDS TO THE SCHOLARLY RESOURCES AND EXHIBITS AVAILABLE AT THE UNIVERSITY AT ALBANY'S ART MUSEUM AND LIBRARIES FOR THE BENEFIT OF ITS STUDENTS AND FACULTY. SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS ARE HELD TO BENEFIT THE UNIVERSITY AT ALBANY WITH ALL ENDOWMENTS RESTRICTED TO STUDENT ASSISTANCE OR SPECIFIC PROGRAMS WITHIN THE UNIVERSITY. ENDOWMENT FUNDS ARE INVESTED TO MAXIMIZE INVESTMENT RETURN WHILE PRESERVING THE INFLATION ADJUSTED PURCHASING POWER OF THE PORTFOLIO. THIS SHOULD PROVIDE A RELATIVELY PREDICTABLE, CONSTANT AND STABLE STREAM OF FUNDS FOR CURRENT USE. CARIBBEAN 0 0 INVESTMENTS 33574772 EUROPE 0 0 INVESTMENTS 3659167 0 0 0 0 0 0 37233939 0 37233939 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3- ACTIVITIES PER REGION ALL BALANCES SHOWN ARE FOR INVESTMENTS. NO EXPENDITURES WERE INCURRED IN THOSE REGIONS. X X X X X X 1 HARVEST FUND RAISING COUNSEL 3 KINGSWOOD DR NEW HOPE PA 18938 STRATEGIC 0 0 37500 -37500 37500 -37500 AL AK AZ AR CA CO CT DE 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 CITIZEN LAUREATE 133886 114386 19500 822 39443 29830 ATHLETICS FUNDRAISER 71352 42205 29147 22431 6578 205238 156591 48647 822 61874 36408 99104 -50457 1 STATE UNIVERSITY OF NEW YORK AT ALBANY 1400 WASHINGTON AVE ALBANY NY 12222 147400260 GOVERNMENT 0 248569 FMV EQUIPMENT/BUILDING IMPROVEMENTS CAPITAL CONTRIBUTION STATE UNIVERSITY OF NEW YORK AT ALBANY 1400 WASHINGTON AVE ALBANY NY 12222 147400260 GOVERNMENT 0 48000 FMV FOOD/GIFT CARDS FOOD PANTRY MISCI MUSEUM OF INNOVATION AND SCIENCE 15 MUSEUM DR SCHENECTADY NY 12308 141275432 3 10000 0 SPONSORSHIP ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS 777 S HARBOUR ISLAND BLVD STE 750 TAMPA FL 33602 436036286 3 6000 0 SPONSORSHIP ALBANY MEDICAL COLLEGE 47 NEW SCOTLAND AVE ALBANY NY 12208 141338310 3 59852 0 HEALTH RESEARCH REFUGEE AND IMMIGRANT SUPPORT SERVICES OF EMMAUS INC 715 MORRIS ST ALBANY NY 12208 274809744 3 9100 0 INTERNSHIP SUPPORT FOOD PANTRIES FOR THE CAPITAL DISTRICT INC 33 ESSEX ST ALBANY NY 12206 141752164 3 10000 0 INTERNSHIP SUPPORT PARSONS CHILD AND FAMILY CENTER 60 ACADEMY RD ALBANY NY 12208 141347440 3 75000 0 PROGRAM SUPPORT SOUTH COLONIE CENTRAL SCHOOL DISTRICT 102 LORALEE DR ALBANY NY 12205 146001364 GOVERNMENT 20410 0 PROGRAM SUPPORT 9 0 SCHOLARSHIPS AND AWARDS 3285 3931431 PART I, LINE 2: THE FOUNDATION'S PURPOSE IS TO SUPPORT THE STATE UNIVERSITY OF NEW YOUR AT ALBANY (UNIVERSITY), ITS STUDENTS, FACULTY, AND OTHER ORGANIZATIONS WHO PROVIDE ASSISTANCE TO THE UNIVERSITY. NO SUPPORT IS GIVEN BY THE FOUNDATION TO ANY INDIVIDUAL OR ORGANIZATION WHO IS NOT THE UNIVERSITY, A STUDENT OR FACULTY OF THE UNIVERSITY, OR AN ORGANIZATION WHO DOES NOT PROVIDE ASSISTANCE TO THE UNIVERSITY SYSTEM. SCHOLARSHIP RECIPIENTS ARE MONITORED EACH SEMESTER BY THE UNIVERSITY'S FINANCIAL AID OFFICE FOR COMPLIANCE WITH THE FOUNDATION, STATE AND FEDERAL REQUIREMENTS. X 1 1 X 0 0 0 0 0 0 0 0 0 RICHARD MCGINN JR CHIEF FINANCIAL OFFICER 212494 0 0 0 12499 0 22410 0 1958 0 249361 0 0 0 CHRISTOPHER LOSAVIO CONTROLLER 123549 0 0 0 12499 0 13473 0 1314 0 150835 0 0 0 PART I, LINE 1A THE FOUNDATION PAYS SOCIAL CLUB DUES FOR FARDIN SANAI (UNIVERSITY AT ALBANY FOUNDATION EXECUTIVE DIRECTOR/UNIVERSITY AT ALBANY VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT) AND HAVIDAN RODRIGUEZ (UNIVERSITY AT ALBANY FOUNDATION DIRECTOR/UNIVERSITY AT ALBANY PRESIDENT). THE DUES HAVE BEEN REPORTED AS TAXABLE COMPENSATION. X 17 175723 FAIR VALUE 0 0 1 1 PART I, LINE 32B: THE FOUNDATION HAS A BROKERAGE ACCOUNT IN ITS NAME WITH A FINANCIAL INSTITUTION WHERE ALL CONTRIBUTIONS OF SECURITIES ARE TRANSFERRED INTO. THE FOUNDATION EXECUTES ALL SALES OF THE SECURITIES THROUGH THE INSTITUTION'S ONLINE TRADING PLATFORM. SCHEDULE M- SUPPLEMENTAL INFORMATION PART I, COLUMNG (B) - THE NUMBER OF CONTRIBUTIONS ARE REPORTED IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL BE THE DIRECTORS OF THE CORPORATION. THE MEMBERS SHALL HAVE ALL RIGHTS OF MEMBERS AS SPECIFIED IN THE NEW YORK STATE NOTFORPROFIT CORPORATION LAW. THE DIRECTORS OF THE BOARD SHALL CONSIST OF ELECTED AND EX OFFICIO DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED AS FOLLOWS: 5 MEMBERS FROM PERSONS NOMINATED BY THE ALUMNI ASSOCIATION BOARD; 1 MEMBER FROM PERSONS NOMINATED BY THE BENEVOLENT ASSOCIATION BOARD; 10 MEMBERS FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 3 MEMBERS, WHO ARE MEMBERS OF THE UNIVERSITY'S FACULTY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 1 MEMBER WHO IS A MEMBER OF THE UNIVERSITY'S STUDENT BODY, FROM PERSONS NOMINATED BY THE UNIVERSITY PRESIDENT; 30 AT-LARGE MEMBERS FROM PERSONS NOMINATED BY THE BOARD. EACH DIRECTOR, INCLUDING THE EX OFFICIO DIRECTORS, SHALL HAVE THE SAME POWERS AND ONE VOTE ON ANY MATTERS BEFORE THE BOARD, EXCEPT THE EXECUTIVE DIRECTOR OF THE CORPORATION, WHO SHALL HAVE NO VOTE. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PROVIDES A DRAFT OF FORM 990 TO THE UNIVERSITY AT ALBANY FOUNDATION AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING. THE AUDIT COMMITTEE MEETS TO COMMENT ON FORM 990 AND ANY REVISIONS WILL BE DISCUSSED AT THAT TIME. A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES, AS ULTIMATELY FILED WITH THE IRS) WAS PROVIDED TO EACH VOTING MEMBER OF THE BOARD BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EVERY NEW DIRECTOR, OFFICER OR EMPLOYEE OF THE FOUNDATION IS ADVISED OF THE CONFLICTS OF INTEREST POLICY UPON ENTERING THE DUTIES OF OFFICE OR EMPLOYMENT. ANY DUALITY OF INTEREST ON THE PART OF ANY DIRECTOR OR OFFICER SHALL BE DISCLOSED TO THE AUDIT COMMITTEE CHAIR FOR REFERRAL TO THE SECRETARY FOR DISCLOSURE TO THE BOARD OF DIRECTORS. SUCH DISCLOSURE SHALL BE MADE A MATTER OF RECORD PRIOR TO THE ELECTION OF THE DIRECTOR OR OFFICER, AND ANNUALLY THEREAFTER, THROUGH A SIGNED STATEMENT IDENTIFYING ANY ENTITY HAVING A RELATIONSHIP WITH THE CORPORATION OF WHICH SAID DIRECTOR OR OFFICER IS A DIRECTOR, TRUSTEE, MEMBER, OWNER, OFFICER OR EMPLOYEE, OR, UPON RECOGNITION OF ANY OTHER CONFLICT, WHEN THE DIRECTOR OR OFFICER DISCOVERS THAT THE ORPORATION'S INTEREST MAY CONFLICT WITH THEIR OWN. IN GENERAL, A DIRECTOR'S OR OFFICER'S CONFLICT WILL BE CLEARED OF ANY CONSEQUENCE BY, FIRST, FULL DISCLOSURE AND, SECOND,APPROVAL OR RATIFICATION OF THE SUBJECT ACTION BY A DISINTERESTED MAJORITY OF DIRECTORS. ANY DIRECTOR OR OFFICER HAVING A DUALITY OF INTEREST SHALL NOT VOTE OR 1) REFRAIN FROM BEING PRESENT AT OR PARTICIPATING IN THE BOARD OR COMMITTEE DELIBERATION OR VOTE ON THE MATTER GIVING RISE TO THE CONFLICT, 2) NOT BE COUNTED IN THE QUORUM FOR ANY SUCH MEETING, AND 3) ENGAGE IN NO ATTEMPT TO PERSONALLY INFLUENCE THE OUTCOME OF THE DELIBERATION OR VOTE. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE, THE ABSENCE OF THE INTERESTED DIRECTOR OR OFFICER FROM THE MEETING AND THE QUORUM SITUATION. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A AND 15B COMPENSATION AT THE TIME OF HIRING IS BASED ON DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION AND WAGE INCREASES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE EXECTIVE COMMITTEE THROUGH THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS OWN WEBSITE AND UPON REQUEST. FORM 990, PART VII THREE MEMBERS OF THE UNIVERSITY AT ALBANY FOUNDATION (FOUNDATION) BOARD ARE ALSO PAID EMPLOYEES OF THE UNIVERSITY AT ALBANY (UNIVERSITY). NONE OF THE COMPENSATION PAID TO THEM BY THE UNIVERSITY IS ATTRIBUTABLE TO THEIR POSITION ON THE FOUNDATION BOARD. THE UNIVERSITY EMPLOYEES ON THE FOUNDATION BOARD DO NOT REPRESENT A CONTROLLING MAJORITY OF THE BOARD. FORM 990, PART IX, LINE 24E DUES AND MEMBERSHIPS: PROGRAM SERVICE EXPENSES 263,254. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 263,254. DONOR CULTIVATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 259,448. TOTAL EXPENSES 259,448. BOOKS AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 162,621. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 162,621. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 144,277. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 144,277. PRINTING AND MAILING: PROGRAM SERVICE EXPENSES 25,384. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 86,703. TOTAL EXPENSES 112,087. LIFE INSURANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 86,091. TOTAL EXPENSES 86,091. BANKING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 85,476. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,476. UTILITIES: PROGRAM SERVICE EXPENSES 909. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 909. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART X THE UNIVERSITY AT ALBANY FOUNDATION (FOUNDATION) MANAGES AND INVESTS A TERM-ENDOWED FUND ON BEHALF OF THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (THE RESEARCH FOUNDATION). ACCORDINGLY, THE FOUNDATION REPORTS AN EQUAL ASSET AND LIABILITY ON THE BALANCE SHEET REPRESENTING THE FAIR VALUE OF INTESTMENTS MANAGED ON BEHALF OF THE RESEARCH FOUNDATION. UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION 1400 WASHINGTON AVE UAB 226 ALBANY NY 12222 364619281 REAL ESTATE NY 501(C)(25) UA FOUNDAT 1 (1) POOLED INCOME FUND (1) INVESTING NY UA FOUNDAT 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORP D 187903 LOAN BALANCE UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORP O 407405 ALLOCATION OF HOURS WORKED UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORP Q 171951 ACTUAL EXPENSES PART V, LINE 2D THE UNIVERSITY AT ALBANY FOUNDATION IS HTE GUARANTOR ON A UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION LOAN. THE PRINCIPAL BALANCE OF THE LOAN AT JUNE 30, 2023 WAS $187,904.