2025-05-14T12:13:44-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2023-07-01 382953297 EASTERN MICHIGAN UNIVERSITY FOUNDATION EAST 7344841322 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 LAURA WILBANKS CFO 7344841322 2025-05-12 1 1 DORI J EGGETT P00645252 2483757100 2025-05-12 2023 2025-03-06 01:10:19Z MAHER SALAH 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 51376780 0 X WWW.EMUFOUNDATION.ORG X 1990 MI EASTERN MICHIGAN UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT PRIVATE FUNDS ON BEHALF OF AND FOR THE EXCLUSIVE BENEFIT OF EASTERN MICHIGAN UNIVERSITY, AND TO EXPAND ITS RESOURCE BASE THROUGH THE MANAGEMENT OF ASSETS AND THE INVESTMENT AND DISBURSEMENT OF FUNDS. 28 28 41 150 49251 49251 16231255 24250783 1732638 1931860 2206860 2971114 7696 55587 20178449 29209344 13460477 19152357 0 0 2534998 2766336 0 0 2366514 1510438 1385277 17505913 23303970 2672536 5905374 106176208 124405171 1359302 4222998 104816906 120182173 X THE EASTERN MICHIGAN UNIVERSITY FOUNDATION, THROUGH COLLABORATIVE RELATIONSHIPS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS, CREATES OPPORTUNITIES THAT WILL PROVIDE ADDITIONAL SUPPORT TO THE STUDENTS, PROGRAMS, SERVICES AND EDUCATIONAL COMMUNITY OF EASTERN MICHIGAN UNIVERSITY. THE EASTERN MICHIGAN UNIVERSITY FOUNDATION WILL ACHIEVE ITS MISSION THROUGH IMAGE ENHANCEMENT, EFFECTIVE ASSET MANAGEMENT, ENTREPRENEURIAL EFFORTS AND DEVELOPMENT ACTIVITIES. 0 0 16270222 16270222 1975695 GIFT ALLOCATION TO EMU-THE FOUNDATION RECEIVES GIFTS ON BEHALF OF EMU. GIFTS DESIGNATED AS EXPENDABLE SCHOLARSHIPS & PROGRAM SERVICES ARE COLLECTED BY THE FOUNDATION AND DIRECTLY DISBURSED TO EMU. ALL OTHER GIFTS ARE ENDOWED/INVESTED FOR FUTURE DISBURSEMENT. 2882135 2882135 ENDOWED SCHOLARSHIPS AND PROGRAM SERVICES SPENDING ALLOCATED TO EMU-SPENDING FROM THE SCHOLARSHIP & PROGRAM SERVICE ENDOWMENTS ARE DISTRIBUTED TO EASTERN MICHIGAN UNIVERSITY. 19152357 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 9 0 1 41 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X LAURA WILBANKS 7344841322 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 JILL HUNSBERGER ASSOC VP ADVANCEMENT 40.00 X 135287 0 54115 LAURA WILBANKS CHIEF FINANCIAL OFFICER 40.00 X 143259 0 29383 KELLY QUILTER ASST VP ALUMNI & DONOR ENGAGEMENT 40.00 X 144190 0 17767 DANIEL MCLEAN SENIOR ASSOCIATE ATHLETIC DIRECTOR DEVELOPMENT 40.00 X 121226 0 16705 DAMON ROSENTHAL DIRECTOR OF ADVANCEMENT SERVICES & ANALYTICS 40.00 X 103481 0 32989 LISA COMBEN SR DIRECTOR OF DEVELOPMENT GAMEABOVE COLLEGE OF EN 40.00 X 100028 0 27553 MIA MILTON CHIEF ENGAGEMENT OFFICER 40.00 X 100590 0 16062 MAHER SALAH VP FOR ADVANCEMENT/EXEC DIR EMUF 40.00 X 75817 0 30327 MILTON MACK CHAIR 1.00 X X 0 0 0 DARA MUNSON PAST CHAIR 1.00 X X 0 0 0 SAMUEL HIRSCH VICE CHAIR 1.00 X X 0 0 0 KAREN PACIOREK VICE CHAIR 1.00 X X 0 0 0 RICHARD NORTHRUP TREASURER 1.00 X X 0 0 0 DONALD LOPPNOW MEMBER AT LARGE 1.00 X X 0 0 0 KAREN ANDREWS TRUSTEE 0.50 X 0 0 0 JEREMIAH BELTON TRUSTEE 0.50 X 0 0 0 HOWARD BOOTH TRUSTEE 0.50 X 0 0 0 JEFFREY BOURDON TRUSTEE 0.50 X 0 0 0 MARILYN CORSIANOS TRUSTEE 0.50 X 0 0 0 TERI DENNINGS TRUSTEE 0.50 X 0 0 0 KENNETH DOBSON TRUSTEE 0.50 X 0 0 0 BRIAN EINHORN TRUSTEE 0.50 X 0 0 0 SAMUEL ESTES TRUSTEE 0.50 X 0 0 0 SCOTT FRUSH TRUSTEE 0.50 X 0 0 0 JEROME HARVEY TRUSTEE 0.50 X 0 0 0 ROBERT HENRY TRUSTEE 0.50 X 0 0 0 MARWAN ISSA TRUSTEE 0.50 X 0 0 0 MARY SUE MARZ TRUSTEE 0.50 X 0 0 0 CHAD NEWTON TRUSTEE 0.50 X 0 0 0 DANIEL OPPERMAN TRUSTEE 0.50 X 0 0 0 CINNAMON PLONKA TRUSTEE 0.50 X 0 0 0 SHARON SCHWARTZ TRUSTEE 0.50 X 0 0 0 NEETU SETH TRUSTEE 0.50 X 0 0 0 JAMES SMITH TRUSTEE 0.50 X 0 0 0 SYED WASIUDDIN TRUSTEE 0.50 X 0 0 0 TSU-YIN WU TRUSTEE 0.50 X 0 0 0 923878 0 224901 7 0 1 0 NEPC LLC 225 FRANKLIN STREET 29TH FLOOR BOSTON MA 02110 INVESTMENT CONSULTING 237900 PRINCIPAL CUSTODY SOLUTIONS 510 N VALLEY MILLS DRIVE SUITE 400 WACO TX 76710 INVESTMENT MANAGEMENT AND CUSTODY 182310 BLACKBAUD INC 65 FAIRCHILD STREET CHARLESTON SC 29492 FINANCIAL AND ALUMNI/DONOR MANAGEMENT SY 101516 3 111550 24139233 950292 24250783 EASTERN MI UNIV. FEES 900001 1931860 1931860 1931860 458504 49251 409253 24573052 22060442 2512610 2512610 2512610 118746 111550 106994 11752 11752 ALUMNI ENGAGEMENT EVENTS 900001 43835 43835 43835 29209344 1975695 49251 2933615 19152357 19152357 307494 181366 126128 1852951 599003 1253948 77192 25165 52027 377139 166062 211077 151560 49373 102187 10043 1938 8105 63200 63200 431416 431416 71635 60162 11473 3299 3299 390326 144248 246078 2841 2841 92315 7864 84451 15052 3433 11619 15604 7513 8091 33274 31081 2193 MEALS & ENTERTAINMENT 148265 4256 144009 FUNDRAISING EXPENSE 58165 0 58165 RESEARCH 26971 0 26971 DUES AND SUBSCRIPTIONS 15802 4335 11467 7069 1843 5226 23303970 19152357 1785099 2366514 4930764 5295810 3833084 9329677 79061 30761 38154 48300 4292074 4231198 92905431 105361375 176701 138811 106176208 124405171 904808 3753612 454494 469386 1359302 4222998 X 1228653 1517260 103588253 118664913 104816906 120182173 106176208 124405171 X 5905374 9497270 -37377 X X 0 1 X 1 0 X 11770373 11987589 16249938 16231255 24250783 80489938 11770373 11987589 16249938 16231255 24250783 80489938 4587274 75902664 637632 728737 669331 450845 409253 2895798 19450 9629 49251 78330 24954 25318 101437 134818 162581 449108 83913174 8173381 0.90450 0.88260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER FUNDRAISING RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97834281 4462574 11852330 2081024 805334 1837017 109425810 92105005 3154492 6559747 1761891 455607 1767465 97834281 94993584 4673631 -3839312 1594727 530161 1598010 92105005 76380758 4170058 17811907 1539746 383864 1445529 94993584 78392755 2863283 -1245854 1530453 534282 1564691 76380758 0.00530 0.62790 0.36680 0 0 79061 30761 48300 48300 INVESTMENT - OTHER SECURITIES 105361375 F 105361375 SPLIT INTEREST AGREEMENT 469386 469386 PART V, LINE 4: THE ENDOWMENTS MANAGED BY THE EMU FOUNDATION ARE INTENDED TO BE USED TO SUPPORT STUDENTS, FACULTY AND PROGRAMS AT EASTERN MICHIGAN UNIVERSITY. THE MAJORITY OF THE ENDOWMENTS WERE ESTABLISHED WITH VERY SPECIFIC DONOR RESTRICTIONS REGARDING HOW THE AVAILABLE FUNDING CAN BE USED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 11760810 EUROPE 0 0 INVESTMENT 1810202 0 0 0 0 0 0 13571012 0 13571012 1 0 1 1 1 0 EMU FOOTBALL GOLF OUTING 42905 17426 25479 9829 4672 18432 WEEKS & CONSTRUCTION MANAGEMENT GOL 113295 69180 44115 976 985 12410 11465 3371 5 74096 24944 49152 400 2080 11457 29638 1279 230296 111550 118746 11205 3065 28539 59535 4650 106994 11752 1 EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 15963798 306424 FMV/ APPRAISAL VARIOUS GIFTS IN KIND GIFT ALLOCATION TO EMU. EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 2882135 0 ENDOWED SCHOLARSHIP AND PROGRAM SERVICE SPENDING ALLOCATED TO EMU. 1 0 PART I, LINE 2: THE EASTERN MICHIGAN UNIVERSITY FOUNDATION ACTS AS AN AGENT ON BEHALF OF EASTERN MICHIGAN UNIVERSITY (EMU). GIFTS RECEIVED FOR THE BENEFIT OF EMU STUDENTS AND PROGRAMS ARE RECEIVED BY THE EMU FOUNDATION, THE DONORS ARE RECEIPTED AND THE FUNDS ARE TRANSFERRED TO EMU WHERE SPENDING IS MONITORED BY THE EMU ACCOUNTING DEPARTMENT. WITH RESPECT TO ENDOWMENT SPENDING, THE EMU FOUNDATION PROVIDES EMU WITH AN ANNUAL SPENDING BUDGET FOR EACH ENDOWMENT. SPENDING IS MONITORED BY EMU ACCOUNTING AND AT THE END OF EACH FISCAL YEAR EMU WILL INVOICE THE EMU FOUNDATION FOR SPENDING WHICH HAS TAKEN PLACE. ONCE THAT INVOICE HAS BEEN RECONCILED AGAINST THE BUDGET, THE EMU FOUNDATION WILL REIMBURSE EMU FROM THE APPROPRIATE ENDOWMENT ACCOUNTS. 1 X 0 0 0 0 0 0 0 0 0 JILL HUNSBERGER ASSOC VP ADVANCEMENT 135287 0 0 0 0 0 6989 0 47126 0 189402 0 0 0 LAURA WILBANKS CHIEF FINANCIAL OFFICER 143259 0 0 0 0 0 5968 0 23415 0 172642 0 0 0 KELLY QUILTER ASST VP ALUMNI & DONOR ENGAGEMENT 144190 0 0 0 0 0 5765 0 12002 0 161957 0 0 0 X 7 643868 FAIR MARKET VALUE X GIFTS 87 306424 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE EMU FOUNDATION DOES NOT USE A THIRD PARTY TO SOLICIT GIFTS OF STOCK; THESE GIFTS ARE SOLICITED BY OUR DEVELOPMENT STAFF JUST LIKE ANY OTHER GIFTS WOULD BE. THE FOUNDATION DOES HAVE A BROKERAGE ACCOUNT SET UP IN WHICH GIFTS OF STOCK ARE TRANSFERRED TO. AFTER THE STOCK TRANSFER HAS SETTLED, THE EMU FOUNDATION CFO INITIATES THE SALE OF STOCK AS SOON AS POSSIBLE AFTER THE STOCK IS RECEIVED (USUALLY THE NEXT BUSINESS DAY). THE BROKER THEN SELLS THE STOCK. THE NET PROCEEDS FROM THE STOCK SALE ARE THEN TRANSFERRED INTO THE EMU FOUNDATION'S CHECKING ACCOUNT. FORM 990, PART VI, SECTION A, LINE 2 MARILYN CORSIANOS, JILL HUNSBERGER, MAHER SALAH, JAMES SMITH AND TSU-YIN WU HAVE A BUSINESS RELATIONSHIP, THEY ARE ALL EMPLOYED BY EASTERN MICHIGAN UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A FULL BOARD OF TRUSTEES MUST APPROVE/ELECT INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. EASTERN MICHIGAN UNIVERSITY HAS THE RIGHT TO NAME SEVERAL OF THE TRUSTEES OF THE EMU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B LAURA WILBANKS, CFO, EMAILS A DRAFT COPY OF THE 990 TO ALL MEMBERS OF THE INVESTMENT & FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE FOR REVIEW. THE CFO DOES NOT SIGN THE RETURN ON BEHALF OF THE FOUNDATION UNTIL ALL MEMBERS OF THESE COMMITTEES CONFIRMED VIA EMAIL THAT THEIR REVIEW WAS COMPLETE AND THAT ANY QUESTIONS THEY HAD WERE ADDRESSED SATISFACTORILY. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ON AN ANNUAL BASIS, WITH THE UNDERSTANDING THAT THIS QUESTIONNAIRE SHOULD BE COMPLETED AND RETURNED TO THE EMU FOUNDATION. REMINDERS ARE SENT PERIODICALLY DURING THE YEAR TO ENSURE THAT QUESTIONNAIRES HAVE BEEN RECEIVED BY ALL VOTING MEMBERS OF THE BOARD. IF A TRUSTEE DOES NOT RETURN A COMPLETED QUESTIONNAIRE BY JULY 1 OF A GIVEN YEAR, THE TRUSTEE IS NOT ALLOWED TO ATTEND MEETINGS OR VOTE UNTIL THE QUESTIONNAIRE IS RECEIVED. ANY VOTING TRUSTEE WHO HAS A POSSIBLE CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER SHALL NOT VOTE OR EXERCISE HIS OR HER PERSONAL INFLUENCES IN THE DISPOSITION OF THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF INSURANCE -29,713. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -66,930. EQUITY TRANSFERS FROM RELATED ORGANIZATION 59,266. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. PLANNED REAL ESTATE CORP 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 383505090 TITLE HOLDING COMPANY MI IRC SEC. 501(C)(2) EASTERN MICHIGAN UNIVERSITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0