2025-05-14T15:23:01-05:00 2024-06-30 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2023-07-01 261169717 SAN FRANCISCO STATE UNIVERSITY FOUNDATION SANF 4153382506 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 JEFF JACKANICZ PRESIDENT 4153382506 2025-05-01 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2025-05-13 2023 2025-03-06 01:10:19Z JEFF JACKANICZ 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 139946941 0 X HTTP://SFSUFDN.SFSU.EDU X 2007 CA TO PROVIDE PRIVATE FINANCIAL SUPPORT TO ASSIST THE UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION. 35 30 0 30 -231821 0 3442323 9976955 1824647 1956171 6737161 7531275 274 0 12004405 19464401 9694102 6931227 0 0 583813 837144 0 0 0 3852929 4324502 14130844 12092873 -2126439 7371528 165850476 180254530 112205 689360 165738271 179565170 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 10397740 6931227 1956171 THE FOUNDATION'S MAIN PROGRAM IS MANAGING ENDOWMENTS FOR SFSU. THE FOUNDATION MANAGES OVER $170,000,000 IN ENDOWMENTS. A FEW OF THE ENDOWMENTS:G&J MARCUS AWARDS FUND FOR EXCELLENCE IN FACULTY AND STUDENT RESEARCH, THIS ENDOWMENT PROVIDED $288,000 FINANCIAL SUPPORT FOR TO 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 $181,000 WAS PROVIDED IN FY 23-24.NEDA NOBARI ENDOWED CHAIR PROVIDED $153,000 IN FUNDING TO PROVIDE SALARY SUPPORT FOR CHAIR.THE FOUNDATION WAS ABLE TO MEET DONOR INTENT BY PROVIDING $1.6 MILLION IN SCHOLARSHIPS AND COLLEGE DEPARTMENT SUPPORT IN FY 2023-2024. 10397740 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 5 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 35 30 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 4153382506 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 NEDA NOBARI CHAIR 2.00 X X 0 0 0 KIMBERLY BRANDON IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 MARY HUSS VICE CHAIR 1.00 X X 0 0 0 JEFF JACKANICZ PRESIDENT 21.00 39.00 X X 0 289345 75573 AMY SUEYOSHI EX-OFFICIO (VOTING) 1.00 39.00 X 0 322166 113943 JEFF WILSON EX-OFFICIO (VOTING) 1.00 39.00 X 0 287987 114107 IESE ESERA STUDENT DIRECTOR 1.00 X 0 0 0 ERSA RAO DIRECTOR 1.00 X 0 0 0 AMY CHAN DIRECTOR 1.00 X 0 0 0 GREG COSKO DIRECTOR 1.00 X 0 0 0 SHELDON GEN DIRECTOR 1.00 39.00 X 0 163848 68723 TERI L JACKSON DIRECTOR 1.00 X 0 0 0 MARSHA ROSENBAUM DIRECTOR 1.00 X 0 0 0 PATRICIA SIGUENZA DIRECTOR 1.00 X 0 0 0 CORAETTA SMITH DIRECTOR 1.00 X 0 0 0 LISA WHITE DIRECTOR 1.00 X 0 0 0 LEONA BRIDGES DIRECTOR 1.00 X 0 0 0 DANA CORVIN DIRECTOR 1.00 X 0 0 0 DON ENDO DIRECTOR 1.00 X 0 0 0 DEBRA PLOUSHA MOORE DIRECTOR 1.00 X 0 0 0 RUSS STANLEY DIRECTOR 1.00 X 0 0 0 VINCE ANICETTI DIRECTOR 1.00 X 0 0 0 CYNTHIA BENGIER DIRECTOR 1.00 X 0 0 0 JOHN GUMAS DIRECTOR 1.00 X 0 0 0 GULSHAN KUMAR DIRECTOR 1.00 X 0 0 0 FRED LEVIN DIRECTOR 1.00 X 0 0 0 DELROY LINDO DIRECTOR 1.00 X 0 0 0 JUDY MARCUS DIRECTOR 1.00 X 0 0 0 DON NASSER DIRECTOR 1.00 X 0 0 0 DAN NEUMANN DIRECTOR 1.00 X 0 0 0 KARIM SALGADO DIRECTOR 1.00 X 0 0 0 CAMILA SMITH DIRECTOR 1.00 X 0 0 0 CHRIS WACHIRA DIRECTOR 1.00 X 0 0 0 JIM WUNDERMAN DIRECTOR 1.00 X 0 0 0 LYNN MAHONEY EX-OFFICIO (VOTING) 3.00 X 0 518883 133817 DAVID SERRAMO SEWEL DIRECTOR THRU 01/2024 1.00 X 0 0 0 DOTTIE SIMMONS DIRECTOR THRU 02/2024 1.00 X 0 0 0 TAYLOR SAFFORD DIRECTOR THRU 01/2024 1.00 X 0 0 0 VENESIA THOMPSON-RAMSAY SECRETARY (NON-VOTING) 19.00 21.00 X 0 170672 97363 0 1752901 603526 0 0 1 0 THE UNIVERSITY CORPORATION SF STATE 1600 HOLLOWAY AVE ADM 361 SAN FRANCISCO CA 94132 ACCOUNTING SERVICES 330827 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 INVESTMENT CONSULTANT 171006 2 25309 9951646 127114 9976955 ADMINISTRATIVE FEES 611710 1956171 1956171 1956171 1761709 -231821 1993530 126252106 120482540 5769566 5769566 5769566 19464401 1956171 -231821 7763096 6931227 6931227 560886 560886 276258 276258 38116 38116 367684 367684 1510342 1510342 90516 90516 11295 11295 32650 32650 11416 11416 114418 114418 6580 6580 ADMIN FEE 1956171 1956171 HOSPITALITY 170345 170345 OTHER EXPENSE 14969 14969 12092873 10397740 1695133 0 170633 580554 4542893 2675915 0 748553 9200014 323801 52580 72697 23317501 29677307 128566855 146175703 165850476 180254530 112205 689360 112205 689360 X 8264932 9057269 157473339 170507901 165738271 179565170 165850476 180254530 7371528 6455371 0 X 0 1 X 1 0 X 7066836 8642626 3023984 3442323 9976955 32152724 7066836 8642626 3023984 3442323 9976955 32152724 9161421 22991303 1464815 1022255 802974 811041 1761709 5862794 90180 75224 165404 322 234 274 830 38181752 11984509 0.60220 0.36170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 322. 2021 AMOUNT: $ 234. 2022 AMOUNT: $ 274. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10397741 10397741 669887 167472 0 0 737167 623181 789104 669887 2819339 4229009 184292 155795 197276 167472 704835 1057253 157473339 8884543 12061635 6008410 1903206 170507901 152821068 2574955 12790185 8936443 1776426 157473339 168158346 11256614 -18348065 5037066 1255528 1953233 152821068 138362903 4579344 34602190 3714291 2264424 3407376 168158346 135857809 7066602 3223389 5453931 2330966 138362903 0.02500 0.66700 0.30800 0 0 0 LOCAL AGENCY INVEST. FUND 15080268 F MUNICIPAL SECURITIES 1318729 F CORPORATE DEBT SECURITIES 2867813 F ALTERNATIVE INVESTMENTS 126908893 F 146175703 RELATED PARTY PAYABLE 277325 OTHER LIABILITIES 412035 689360 X 24409430 6455371 6455371 17954059 1510342 1510342 19464401 10582531 0 10582531 1510342 1510342 12092873 PART V, LINE 4: DURING FISCAL YEAR 2023-2024, SAN FRANCISCO STATE UNIVERSITY FOUNDATION PROVIDED THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE (AN AUXILIARY ORGANIZATION OF SFSU) WITH APPROXIMATELY $6.9 MILLION IN FUNDING. THE FUNDS WERE USED FOR THE FOLLOWING PRIMARY PURPOSES: (A) APPROXIMATELY 30% OF THE FUNDING WENT TO DIRECT STUDENT SUPPORT IN THE FORM OF SCHOLARSHIPS AND STIPENDS; (B) 70% WENT TO REIMBURSING SFSU FOR FACULTY TIME. MOST OF THIS WAS FOR DIRECT INSTRUCTION OF STUDENTS. THE FUNDS ALSO COVERED RESEARCH AND TRAVEL, SUPPORTING ENDOWED CHAIRS, TECHNOLOGY, VISITING PROFESSORS AND LECTURES, SPECIAL PROJECTS, FURNITURE AND EQUIPMENT AND GENERAL ACADEMIC NEEDS. PART X, LINE 2: 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 $1,818 AND $5,093 FOR UNRELATED BUSINESS INCOME IN FISCAL YEAR 2024 AND 2023, RESPECTIVELY, DUE TO FOUNDATION'S ALTERNATIVE INVESTMENTS. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 35403983 NORTH AMERICA 0 0 INVESTMENTS 3071240 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3664933 0 0 0 0 0 0 42140156 0 42140156 0 0 0 0 0 0 PART I, LINE 3: THE INVESTMENTS FOR EACH REGION ARE RECORDED USING THE ACCRUAL METHOD OF ACCOUNTING. 1 THE UNIVERSITY CORPORATION SF STATE 1600 HOLLOWAY AVE ADM 361 SAN FRANCISCO CA 94132 941384645 501(C)(3) 0 6931227 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 EX-OFFICIO (VOTING) 0 446883 0 0 0 72000 0 105600 0 28217 0 652700 0 0 AMY SUEYOSHI EX-OFFICIO (VOTING) 0 322166 0 0 0 0 0 103077 0 10866 0 436109 0 0 JEFF WILSON EX-OFFICIO (VOTING) 0 287849 0 0 0 138 0 92448 0 21659 0 402094 0 0 JEFF JACKANICZ PRESIDENT 0 279487 0 0 0 9858 0 46733 0 28840 0 364918 0 0 VENESIA THOMPSON-RAMSAY SECRETARY (NON-VOTING) 0 170534 0 0 0 138 0 58460 0 38903 0 268035 0 0 SHELDON GEN DIRECTOR 0 162798 0 1050 0 0 0 41050 0 27673 0 232571 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 4 127114 SALES PROCEEDS 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 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 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 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 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 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 ASSOCIATED STUDENTS INC OF SFSU 1650 HOLLOWAY AVE SAN FRANCISCO CA 94132 941170352 SUPPORT SFSU CA 501(C)(3) SFSU 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 1