2023-05-11T19:30:55-05:00 2022-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 90801 990 2021-07-01 261169717 SAN FRANCISCO STATE UNIVERSITY FOUNDATION SANF 4154054061 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 JEFF JACKANICZ PRESIDENT 4154054061 2023-05-10 1 JEFF JACKANICZ 999009999 DONITA JOSEPH P00286656 5624351191 2023-05-03 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JEFF JACKANICZ 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 34214823 0 X HTTP://SFSUFDN.SFSU.EDU X 2007 CA TO PROVIDE PRIVATE FINANCIAL SUPPORT TO ASSIST THE UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION. 36 31 0 31 133441 23645 8642626 3023984 3696281 2174444 10139800 4246288 322 234 22479029 9444950 6098830 4407534 0 0 461991 549487 0 0 0 6062774 5596312 12623595 10553333 9855434 -1108383 183676818 160331638 137097 214444 183539721 160117194 X THE FOUNDATION IS FORMED FOR THE FOLLOWING SPECIFIC PURPOSES: (A) TO DEVELOP AND INCREASE THE FACILITIES OF SAN FRANCISCO STATE UNIVERSITY ("SFSU") FOR BROADER EDUCATIONAL OPPORTUNITIES AND SERVICE TO STUDENTS, ALUMNI, AND THE CITIZENS OF THE STATE OF CALIFORNIA BY ENCOURAGING GIFTS TO SFSU OF MONEY, PROPERTY, WORKS OF ART, HISTORICAL PAPERS AND DOCUMENTS, MUSEUM SPECIMENS OF EDUCATIONAL, ARTISTIC OR HISTORICAL VALUE AND ANY OTHER ASSETS OF VALUE OF ANY DESCRIPTION; (B) TO PROVIDE FUNDING FOR SCIENTIFIC, ECONOMIC, AND OTHER TYPES OF RESEARCH AT SF STATE; (C) TO PROVIDE FUNDING FOR THE ESTABLISHMENT OF SCHOLARSHIPS AND OTHER STUDENT ASSISTANCE PROGRAMS TO SFSU FROM SOURCES OTHER THAN THOSE FROM WHICH THE STATE OF CALIFORNIA ORDINARILY MAKES APPROPRIATIONS TO SFSU; AND (D) TO PROVIDE ADVISORY COUNCIL AND ASSISTANCE TO THE PRESIDENT OF SFSU. 0 0 9463613 4407534 2174444 THE FOUNDATION'S MAIN PROGRAM IS MANAGING ENDOWMENTS FOR SFSU. THE FOUNDATION MANAGES OVER $150,000,000 IN ENDOWMENTS. A FEW OF THE ENDOWMENTS:G&J MARCUS AWARDS FUND FOR EXCELLENCE IN FACULTY AND STUDENT RESEARCH , THIS ENDOWMENT PROVIDED $261,000 FINANCIAL SUPPORT FOR STUDENTS AND FACULTY RESEARCH AND CREATIVE PROJECTS. MARCUS ENDOWED CHAIR IN CINEMA#2, THIS ENDOWMENT PROVIDES SUPPORT FOR A SECOND ENDOWED CHAIR IN CINEMA AND PROVIDES RESOURCES FOR SCHOLARLY ENDEAVORS. SUPPORT OF $149,000 WAS PROVIDE IN FY 21-22RICHARD AND RHODA GOLDMAN CHAIR ISRAEL STUDIES PROVIDED $134,000 IN FUNDING TO PROVIDE SALARY SUPPORT AND TRAVEL.THE FOUNDATION WAS ABLE TO MEET DONOR INTENT BY PROVIDING $4.4 MILLION IN SCHOLARSHIPS AND COLLEGE DEPARTMENT SUPPORT IN FY 2021-2022. 9463613 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 4 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 36 31 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X JEFF JACKANICZ 4154054061 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 LYNN MAHONEY PRESIDENT, SF STATE 3.00 37.00 X 0 448110 119487 JENNEFER SUMMIT EX-OFFICIO (VOTING) 1.00 39.00 X 0 299996 70787 JEFF WILSON EX-OFFICIO (VOTING) 1.00 39.00 X 0 257622 95272 JEFF JACKANICZ BOARD PRESIDENT 21.00 19.00 X X 0 272295 70046 VENESIA THOMPSON-RAMSAY SECRETARY/TREASURER (NON-VOTING) 18.00 22.00 X 0 164547 81543 SHELDON GEN FACULTY REPRESENTATIVE 1.00 39.00 X 0 130978 58451 KIMBERLY BRANDON BOARD CHAIR 2.00 X X 0 0 0 TAYLOR SAFFORD IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 NEDA NOBARI BOARD VICE-CHAIR 1.00 X X 0 0 0 AMY CHAN DIRECTOR 1.00 X 0 0 0 CAMILLA SMITH DIRECTOR 1.00 X 0 0 0 CORAETTA SMITH DIRECTOR 1.00 X 0 0 0 DANA CORVIN DIRECTOR 1.00 X 0 0 0 DAVID LUCIEN SIMON DIRECTOR 1.00 X 0 0 0 DAVID SERRANO SEWELL DIRECTOR 1.00 X 0 0 0 DEBRA PLOUSHA MOORE DIRECTOR 1.00 X 0 0 0 DENNIS O'DONNELL DIRECTOR 1.00 X 0 0 0 DON ENDO DIRECTOR 1.00 X 0 0 0 DON NASSER DIRECTOR 1.00 X 0 0 0 DOTTIE SIMMONS DIRECTOR 1.00 X 0 0 0 GREG COSKO DIRECTOR 1.00 X 0 0 0 HERB MYERS DIRECTOR 1.00 X 0 0 0 JAMES AGUILAR STUDENT DIRECTOR 1.00 X 0 0 0 JOHN GUMAS DIRECTOR 1.00 X 0 0 0 JOSHUA OCHOA STUDENT DIRECTOR 1.00 X 0 0 0 JUDY MARCUS DIRECTOR 1.00 X 0 0 0 LEONA BRIDGES DIRECTOR 1.00 X 0 0 0 LISA WHITE DIRECTOR 1.00 X 0 0 0 MARSHA ROSENBAUM DIRECTOR 1.00 X 0 0 0 MARY HUSS DIRECTOR 1.00 X 0 0 0 NANCY FUDEM DIRECTOR 1.00 X 0 0 0 PATRICIA SIGUENZA DIRECTOR 1.00 X 0 0 0 RUSS STANLEY DIRECTOR 1.00 X 0 0 0 TED GRIGGS DIRECTOR 1.00 X 0 0 0 TERI JACKSON DIRECTOR 1.00 X 0 0 0 VINCE ANICETTI DIRECTOR 1.00 X 0 0 0 WILLIE L BROWN JR DIRECTOR 1.00 X 0 0 0 0 1573548 495586 0 0 1 0 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 022412015 INVESTMENT CONSULTANT 282282 THE UNIVERSITY CORPORATION SF STATE 1600 HOLLOWAY AVE ADM 361 SAN FRANCISCO CA 94132 ACCOUNTING SERVICES 266850 2 15459 3008525 327892 3023984 ADMINISTRATIVE FEES 611710 2174444 2174444 2174444 893154 90180 802974 28123007 24769873 3353134 3353134 43261 3309873 OTHER REVENUE 900099 234 234 234 9444950 2174444 133441 4113081 4407534 4407534 368156 368156 181331 181331 10230 10230 327488 327488 1593196 1593196 67300 67300 12719 12719 30 30 24195 24195 3950 3950 ADMIN FEE 2174444 2174444 CONTRIBUTION RETURN 1255528 1255528 OTHER EXPENSE 69189 69189 RELATED PARTY PAYMENTS 32911 32911 25132 25132 10553333 9463613 1089720 0 684643 754970 4687229 849870 50412 48356 45657 28045 78277 57595 19553091 21182939 158577509 137409863 183676818 160331638 430 50 50412 48356 86255 166038 137097 214444 X 15381375 7296126 168158346 152821068 183539721 160117194 183676818 160331638 -1108383 -22314144 0 X 0 1 X 1 0 X 5642325 46527396 7066836 8642626 3023984 70903167 5642325 46527396 7066836 8642626 3023984 70903167 41738395 29164772 1520056 2300147 1464815 1022255 802974 7110247 64217 183373 90180 337770 322 234 556 78351740 11902756 0.37220 0.40700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 322. 2021 AMOUNT: $ 234. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 9463613 9463613 623181 155795 0 0 485193 597127 737167 623181 2442668 3664002 25000 25000 121298 149282 184292 155795 610667 916001 25000 25000 168158346 11256614 -18348065 5037066 1255528 1953233 152821068 138362903 4579344 34602190 3714291 2264424 3407376 168158346 135857809 7066602 3223389 5453931 2330966 138362903 90016608 46540167 4846027 3512179 2032814 135857809 82991120 5642325 5202168 2744247 1074758 90016608 0.02000 0.69000 0.29000 0 0 0 ALTERNATIVE INVESTMENTS 123778626 F LOCAL AGENCY INVEST. FUND 5647428 F MUNICIPAL SECURITIES 2568650 F CORPORATE DEBT SECURITIES 5415159 F 137409863 RELATED PARTY PAYABLE 140861 OTHER LIABILITIES 25177 166038 X -14462390 -22314143 -22314143 7851753 1593197 1593197 9444950 8960136 0 8960136 1593197 1593197 10553333 PART X, LINE 2: FIN 48: THE FOUNDATION IS A NOT-FOR-PROFIT FOUNDATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CALIFORNIA TAX CODE. CONTINUANCE OF SUCH EXEMPTION IS SUBJECT TO COMPLIANCE WITH LAWS AND REGULATIONS OF THE TAXING AUTHORITIES. CERTAIN ACTIVITIES CONSIDERED UNRELATED TO THE TAX-EXEMPT PURPOSES OF THE FOUNDATION MIGHT GENERATE INCOME, WHICH IS TAXABLE. THE FOUNDATION PAID $51,054 AND $0 FOR UNRELATED BUSINESS INCOME IN FISCAL YEAR 2022 AND 2021, RESPECTIVELY, DUE TO FOUNDATION'S ALTERNATIVE INVESTMENTS. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART V, LINE 4: DURING FISCAL YEAR 2021-2022, SAN FRANCISCO STATE UNIVERSITY FOUNDATION PROVIDED THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE (AN AUXILIARY ORGANIZATION OF SFSU) WITH APPROXIMATELY $4.4 MILLION IN FUNDING. THE FUNDS WERE USED FOR THE FOLLOWING PRIMARY PURPOSES: (A) APPROXIMATELY 36% OF THE FUNDING WENT TO DIRECT STUDENT SUPPORT IN THE FORM OF SCHOLARSHIPS AND STIPENDS; (B) 64% WENT TO REIMBURSING SFSU FOR FACULTY TIME. MOST OF THIS WAS FOR DIRECT INSTRUCTION OF STUDENTS, HOWEVER, ABOUT 4.5% WAS FOR RESEARCH AND TRAVEL; SUPPORT ENDOWED CHAIRS; (D) THE REMAINING FUNDS WERE USED FOR A VARIETY OF PURPOSES INCLUDING, BUT NOT LIMITED TO, TECHNOLOGY, VISITING PROFESSORS AND LECTURES, SPECIAL PROJECTS, FURNITURE AND EQUIPMENT, AND GENERAL ACADEMIC DEPARTMENTAL NEEDS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 3139918 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 26097261 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 2325265 0 0 0 0 0 0 31562444 0 31562444 0 0 0 0 0 0 PART I, LINE 3: THE INVESTMENTS FOR EACH REGION ARE RECORDED USING THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 THE UNIVERSITY CORPORATION 1600 HOLLOWAY AVE ADM 361 SAN FRANCISCO CA 94132 941384645 501(C)(3) 4407534 0 SCHOLARSHIPS, RESEARCH, TRAVEL, AND SALARY SUPPORT. 1 PART I, LINE 2: GRANTS ARE MADE EITHER DIRECTLY OR TO SAN FRANCISCO STATE UNIVERSITY (WHICH THE SAN FRANCISCO STATE UNIVERSITY FOUNDATION IS AN AUXILIARY ORGANIZATION OF) OR THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE (ANOTHER AUXILIARY ORGANIZATION OF SFSU). SFSU CONTROLS BOTH SAN FRANCISCO STATE UNIVERSITY FOUNDATION AND THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE VIA THE POWER TO APPROVE MEMBERS OF EACH OF THE ORGANIZATION'S BOARD. GRANT FUNDS ARE USED SOLELY TO ADVANCE THE MISSION OF SFSU AND ARE MONITORED TO ENSURE THEY ARE USED FOR PROPER PURPOSES VIA COMMON CONTROL. 0 0 0 0 0 0 0 0 0 LYNN MAHONEY PRESIDENT, SF STATE 0 376110 0 72000 0 0 0 94348 0 25139 0 567597 0 0 JENNEFER SUMMIT EX-OFFICIO (VOTING) 0 299738 0 0 0 258 0 44979 0 25808 0 370783 0 0 JEFF WILSON EX-OFFICIO (VOTING) 0 257484 0 0 0 138 0 75796 0 19476 0 352894 0 0 JEFF JACKANICZ BOARD PRESIDENT 0 262557 0 8800 0 938 0 44050 0 25996 0 342341 0 0 VENESIA THOMPSON-RAMSAY SECRETARY/TREASURER (NON-VOTING) 0 164409 0 0 0 138 0 50064 0 31479 0 246090 0 0 SHELDON GEN FACULTY REPRESENTATIVE 0 130978 0 0 0 0 0 32504 0 25947 0 189429 0 0 PART I, LINE 3 THE PRESIDENT OF SAN FRANCISCO STATE UNIVERSITY FOUNDATION IS COMPENSATED BY SAN FRANCISCO STATE UNIVERSITY ("SFSU"), A RELATED ORGANIZATION. SFSU UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE SFSU FOUNDATION PRESIDENT: COMPENSATION SURVEY OR STUDY, CSU CLASSIFICATION SCHEDULE, FROM 990 OF OTHER ORGANIZATIONS, AND CSU BOARD OR COMMITTEE APPROVAL. X 11 327892 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART V, LINE 2A AND PART IX, LINES 7 & 9: THE FOUNDATION DOES NOT HAVE ANY DIRECT EMPLOYEES. THE EMPLOYEES WORKING FOR THE FOUNDATION ARE PAID BY SFSU. THE FOUNDATION REIMBURSES SFSU FOR THE COST OF UNIVERSITY STAFF WORKING FOR THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A DESCRIBE THE PERSONS WHO HAD THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. THE PRESIDENT AND VICE PRESIDENT OF SAN FRANCISCO UNIVERSITY EACH HAVE AUTHORITY TO SERVE ON THE BOARD OF DIRECTORS OR APPOINT A DESIGNEE TO DO SO ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS THE ORGANIZATION USES FOR REVIEW OF THE FORM 990. AUDITORS FORWARDS THE COMPLETED FORM 990 TO THE DIRECTOR OF FINANCE AND ADMINISTRATION OF UNIVERSITY CORPORATION FOR REVIEW. UPON REVIEW, THE DIRECTOR OF FINANCE AND ADMINISTRATION OF THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE FORWARDS THE FORM 990 TO THE TREASURER OF THE FOUNDATION FOR REVIEW. THE TREASURER THEN REVIEWS AND FORWARDS THE FORM 990 TO THE EXECUTIVE COMMITTEE OF THE FOUNDATION BOARD FOR ITS REVIEW PRIOR TO FILING. BOARD MEMBERS ARE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD ANY QUESTIONS TO THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE HOW THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. AT THE ANNUAL MEETING OF THE BOARD, DIRECTORS REVIEW THE FOUNDATION'S CONFLICT OF INTEREST (COI) POLICY AND SIGN THE POLICY STATEMENT. ALL MEMBERS OF THE BOARD, INCLUDING UNIVERSITY EMPLOYEES SITTING ON THE BOARD, ARE REQUIRED TO SUBMIT A COMPLETED COI STATEMENT. AN ANNUAL COMPLIANCE REPORT IS PROVIDED TO THE UNIVERSITY'S CFO. ANY POTENTIAL CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE FOUNDATION'S PRESIDENT AND FOUNDATION GENERAL COUNSEL FOR ADVICE. IF A CONFLICT IS DEEMED TO EXIST, THE AUDIT COMMITTEE PLACES THE MATTER ON THE REGULAR BOARD MEETING FOR AN OPEN SESSION DISCUSSION FOR THE DIRECTOR, WHOSE CONDUCT IS AT ISSUE TO EXPLAIN. THE BOARD WILL VOTE ON THE MATTER AND THE BOARD MEMBER HAVING THE CONFLICT MUST RECUSE HIM/HERSELF FROM ANY VOTING OR DECISION-MAKING THAT INVOLVES SAID BOARD MEMBER. POSSIBLE ACTIONS TO RECTIFY THE SITUATION INCLUDE, BUT NOT LIMITED TO, VALIDATION OF THE TRANSACTION, VALIDATION OF THE TRANSACTION WITH CONDITIONS, CENSURE OR REMOVAL OF THE DIRECTOR, OR RESCISSION OF THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 DESCRIBE THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES. THE ORGANIZATION DOES NOT PROVIDE ANY COMPENSATION TO THE INDIVIDUALS LISTED ON PART VII OF THE FORM 990. ALL COMPENSATION PAID TO THESE INDIVIDUALS IS PAID BY A RELATED ORGANIZATION, SAN FRANCISCO STATE UNIVERSITY (SFSU). THE PROCESS USED TO DETERMINE COMPENSATION FOR THESE INDIVIDUALS IS DETERMINED BY SFSU. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE HOW THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF THE TIME SET FORTH IN I.R.C. SECTION 6104(D). THE FOUNDATION'S FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG, A THIRD-PARTY WEBSITE. SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94132 931137247 EDUCATION CA 115 LINE 2 N/A 0 UNIVERSITY CORPORATION SFSU 1600 HOLLOWAY AVENUE ADM 361 SAN FRANCISCO CA 94132 941384645 SUPPORT SFSU CA 501(C)(3) LINE 5 SFSU 0 0 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1