2024-05-13T14:53:41-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2022-07-01 223160107 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION INC WILL 9737202615 300 POMPTON ROAD WAYNE NJ 07470 PAMELA L FERGUSON PRESIDENT 9737202425 2024-05-13 1 PAMELA FERGUSON 999009999 1 GARRETT M HIGGINS P00543209 2017129800 2024-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAMELA L FERGUSON 300 POMPTON ROAD WAYNE NJ 07470 33295951 0 X WWW.WPUNJ.EDU/GIVING X 1992 NJ THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN SO DOING, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY AND OTHER CONSTITUENT GROUPS. 21 21 0 24 0 0 3271953 3237877 0 0 2552223 705376 -14479 -24660 5809697 3918593 2138611 2679529 0 0 0 0 0 0 100 341497 234734 2480108 2914263 3329589 1004330 42041439 45699596 1022457 474865 41018982 45224731 X THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN SO DOING, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY AND OTHER CONSTITUENT GROUPS. 0 0 1363074 1362791 0 PROVIDE SUPPORT TO THE UNIVERSITY'S ACADEMIC AND ATHLETIC PROGRAMS AS WELL AS RAISE FUNDS FOR FACILITY ENHANCEMENT (CAPITAL CAMPAIGNS). THE UNIVERSITY OFFERS A WIDE RANGE OF INNOVATIVE ACADEMIC PROGRAMS INCLUDING SEVERAL THAT PROVIDE DONORS WITH AN OUTSTANDING OPPORTUNITY TO MAKE A SPECIAL IMPACT THROUGH THEIR SUPPORT. EXAMPLES OF THESE PROGRAMS ARE AS FOLLOWS: PROGRAM FUNDING PROVIDED BY THE HENRY & MARILYN TAUB FOUNDATION, RUSS BERRIE INSTITUTE FOR PROFESSIONAL SALES, DOROTHY HENNINGS WRITING CENTER, THE CENTER FOR CHINESE ART, COTSAKOS COLLEGE OF BUSINESS COIN PROJECT, ADVANCE MUSIC STUDIES AND PERFORMANCE (MUSIC AFTER SCHOOL PROGRAM), LIVING JAZZ ARCHIVES, HELLER INSTITUTE OF TEACHING & LEARNING, PESCE MENTORING INSTITUTE, ALONG WITH OTHER PROGRAMS. 1318822 1316738 0 SUPPORT THE UNIVERSITY'S SCHOLARSHIP PROGRAM. THE FOUNDATION RAISES FUNDS IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS IN PAYING THEIR TUITION WITH NO REPAYMENT OR WORK OBLIGATION. THESE SCHOLARSHIPS CAN BE AWARDED TO ENROLLED IN-PERSON WILLIAM PATERSON UNIVERSITY STUDENTS WHO DEMONSTRATE ACADEMIC PROFICIENCY, AND/OR FINANCIAL NEED. THE AWARDING OF SCHOLARSHIPS POSITIVELY IMPACTS STUDENTS, PROVIDING CRITICAL FINANCIAL ASSISTANCE AND ENCOURAGEMENT NEEDED TO CONTINUE THEIR EDUCATION. 2681896 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AR CA CO FL GA HI IL KS KY LA MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X YVETTE VIERA VILLANUEVA 9737203221 300 POMPTON ROAD WAYNE NJ 07470 AARON VAN DUYNE III CHAIR 0.50 X X 0 0 0 LAUREN LOCKER VICE CHAIR 0.50 X X 0 0 0 LINDA A NIRO TREASURER 0.50 X X 0 0 0 JENNIFER MAZAWEY SECRETARY 0.50 X X 0 0 0 RUSSELL HAWKINS SECRETARY, THRU 12/2022 0.50 X 0 0 0 JEAN AIRES BOARD MEMBER, THRU 03/2023 0.50 X 0 0 0 RAFAEL CUELLAR BOARD MEMBER 0.50 X 0 0 0 DOMENICO DI MAIO BOARD MEMBER 0.50 X 0 0 0 BILL DUFFY BOARD MEMBER 0.50 X 0 0 0 RUSSELL FISHKIND ESQ BOARD MEMBER 0.50 X 0 0 0 MICHAEL FITZGERALD BOARD MEMBER 0.50 X 0 0 0 MICHELE GARCIA BOARD MEMBER 0.50 X 0 0 0 ALLAN GORAB BOARD MEMBER 0.50 X 0 0 0 FREDERICK GRUEL BOARD MEMBER 0.50 X 0 0 0 RICHARD HELLDOBLER BOARD MEMBER 0.50 X 0 0 0 CONSTANTINE LENAS BOARD MEMBER 0.50 X 0 0 0 TIM LEVER BOARD MEMBER, THRU 07/2022 0.50 X 0 0 0 KIRSTEN LOEWRIGKEIT BOARD MEMBER 0.50 X 0 0 0 RICHARD MILLER BOARD MEMBER 0.50 X 0 0 0 JAMES NALL BOARD MEMBER 0.50 X 0 0 0 GARY NAZARE BOARD MEMBER 0.50 X 0 0 0 MARY KAY SCUCCI BOARD MEMBER 0.50 X 0 0 0 FREDRIC SIROTA BOARD MEMBER 0.50 X 0 0 0 BRIAN WOOD BOARD MEMBER 0.50 X 0 0 0 PAMELA L FERGUSON PRESIDENT (NON-VOTING) 14.00 X 98400 0 24581 98400 0 24581 0 0 0 1 GOLDMAN SACHS & CO 1735 MARKET STREET PHILADELPHIA PA 19103 INVESTMENT MANAGEMENT FEES 126163 1 170376 3067501 142309 3237877 730390 730390 29270759 29295773 -25014 -25014 -25014 51440 170376 81000 -29560 -29560 5485 585 4900 4900 3918593 0 0 680716 1362791 1362791 1316738 1316738 14300 14300 49867 49867 3214 3214 13206 2331 10875 5735 5735 ALLOCATED SALARIES & BE 145072 145072 RECEPTIONS & PRIZES 1906 36 1870 MISCELLANEOUS EXPENSES 1434 1334 100 2914263 2681896 232267 100 5004 4009 9775019 7465093 2017801 1259990 3638 3746 30234732 36913374 5245 53384 42041439 45699596 65443 206970 742414 0 2837 20130 211763 247765 1022457 474865 X 5847858 8015667 35171124 37209064 41018982 45224731 42041439 45699596 1004330 3201419 0 X X 0 1 X 1 0 X 2553352 4812879 1765829 3271953 3237877 15641890 2553352 4812879 1765829 3271953 3237877 15641890 2484954 13156936 524224 592093 375814 800239 730390 3022760 14500 4936 17312 36748 18701398 0.70350 0.73170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27438887 2195046 2863454 861692 31635695 30526817 1420535 -3816233 692232 27438887 19262099 6963924 4904183 603389 30526817 17498462 1131631 1197092 565086 19262099 15932118 852690 1258434 544780 17498462 0.15140 0.68510 0.16350 0 0 0 ANNUITIES PAYABLE 247765 247765 X 8423810 3201419 1272080 81585 4555084 3868726 49867 49867 3918593 4218061 1272080 81585 1353665 2864396 49867 49867 2914263 PART V, LINE 4: THE FOUNDATION CURRENTLY MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS WHOSE PURPOSES ARE TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE YEAR 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST PART VIII REVENUE 81,585. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST PART VIII REVENUE 81,585. LEGACY AWARDS DINNER 122656 97781 24875 18849 21222 GOLF OUTING 99160 72595 26565 32140 8789 221816 170376 51440 50989 30011 81000 -29560 1 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY 300 POMPTON ROAD WAYNE NJ 07470 222781603 NEW JERSEY 1362519 272 FMV DONATION OF FOOD PROVIDE ASSISTANCE TO THE UNIVERSITY FOR STUDENT SUPPORT/EDUCATIONAL PURPOSES. 1 SCHOLARSHIPS 680 1316738 0 PART I, LINE 2: THE FOUNDATION NOTIFIES THE GRANTS OFFICE WITHIN THE OFFICE OF THE CONTROLLER WHEN GRANT CONTRIBUTIONS ARE RECEIVED. POST-AWARD GRANTS ACCOUNTING, FINANCIAL REPORTING AND COMPLIANCE IS MANAGED WITHIN THE OFFICE OF THE CONTROLLER. MONTHLY GRANT FINANCE REPORTS ARE DELIVERED TO PRINCIPAL INVESTIGATORS (PIS) EACH MONTH BY THE ASSOCIATE DIRECTOR FOR POST AWARDS GRANTS ADMINISTRATION. THE REPORTS SHOW EACH GRANT'S BUDGET, THE INCEPTION-TO-DATE EXPENDITURES, AND AVAILABLE BALANCE OF THE GRANT TO BE SPENT. THESE REPORTS CAN ALSO BE ACCESSED ANY TIME BY THE PI OR AN AUTHORIZED GRANT ADMINISTRATOR. THE SCHOLARSHIP COMMITTEE OF WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION IN CONJUNCTION WITH THE GRANT COMMITTEE OF WILLIAM PATERSON UNIVERSITY OF NEW JERSEY ALUMNI ASSOCIATION JOINTLY MEET TO DISCUSS AND DETERMINE THE RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS TO BE AWARDED DURING THE ORGANIZATIONS' TAX YEAR. FOR THE TAX YEAR ENDING 6/30/2023, MORE THAN 680 SCHOLARSHIPS AND FELLOWSHIPS IN THE AMOUNT OF APPROXIMATELY $1,316,738 WERE AWARDED BY THE FOUNDATION. THE FOUNDATION MAINTAINS DETAILED RECORDS WHICH SUBSTANTIATE THE EXPENDITURES OF THE FOUNDATION. ALSO, MANAGEMENT OF THE FOUNDATION INTERACTS EXTENSIVELY WITH THE UNIVERSITY TO MONITOR THE USE OF THESE FUNDS. 0 0 0 0 0 0 0 0 0 PAMELA L FERGUSON PRESIDENT (NON-VOTING) 93539 0 0 0 4861 0 16400 0 8181 0 122981 0 0 0 PART I, LINE 5 PAMELA FERGUSON, PRESIDENT, IS EMPLOYED AND COMPENSATED BY WILLIAM PATERSON UNIVERSITY OF NEW JERSEY, AN UNRELATED ORGANIZATION. SHE DEVOTES 40% OF HER TIME TO THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 40% OF HER COMPENSATION ALLOCATED TO THE FOUNDATION ($122,981). X 5 142037 AVERAGE SELLING PRICE X 1 272 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY THE SENIOR DIRECTOR OF FINANCE, OPERATIONS AND ADVANCEMENT SERVICES AS WELL AS THE AUDIT COMMITTEE. BEFORE IT IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATIONS' GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE COMPLIANCE OFFICER OR COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED BEFORE THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE MONITORS THE FINANCIAL ACCOUNTING AND REPORTING SYSTEMS AND INTERNAL CONTROLS APPLICABLE TO FINANCIAL REPORTING AND COMPLIANCE WITH TAX REGULATIONS. IT APPOINTS THE INDEPENDENT AUDITORS THAT CONDUCT THE ANNUAL AUDIT OF FINANCIAL STATEMENTS IN ACCORDANCE WITH GENERALLY ACCEPTED AUDITING STANDARDS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR REVIEWING THE 990 FORM. THIS PROCESS HAS NOT CHANGED FROM THE PROCESS FOLLOWED IN THE PRIOR TAX YEAR.