2025-05-15T15:01:18-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 237098404 University of Idaho Foundation Inc UNIV 2088854000 875 Perimeter Drive MS 3143 Moscow ID 838443143 LINDA CAMPOS CHIEF FINANCIAL OFFICER 2088854000 2025-05-15 1 1 Kim Hunwardsen CPA P00484560 6122536500 2025-05-15 2023 2025-03-06 01:10:19Z Ben McLuen 875 Perimeter Drive MS 3143 Moscow ID 838443143 190461623 0 X www.uidahofoundation.org X 1970 ID Inspire, manage & distribute private support to enhance the excellence of University of Idaho 22 22 0 22 16920 0 28211033 28903270 135355 486117 11053209 21868591 173509 42483 39573106 51300461 27031058 29822971 0 0 1549612 1555591 0 0 0 1605427 1955693 30186097 33334255 9387009 17966206 465018022 508865928 25257560 27670183 439760462 481195745 The mission of the University of Idaho Foundation, Inc. is to inspire, manage, and distribute private support to enhance the excellence of the University of Idaho. 0 0 15354483 14080490 Accept gifts and contributions from the general public for educational purposes and award such funds to the University of Idaho. Number of non-endowment donors: 6,247 17016475 15742481 486162 Manage, invest, and distribute endowment funds for the purpose of generating revenue to be awarded to the University of Idaho for scholarships, student focused programs, faculty, research, and other support. Number of endowment donors: 3,557 Number of endowments: 1,883 32370958 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 31 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X X Linda Campos Chief Financial Officer 2088854000 875 Perimeter MS 3143 Moscow ID 838443143 Linda Copple Trout Chair 10.00 X X 0 0 0 Clint Marshall Vice Chair 4.00 X X 0 0 0 Blair Wilson Treasurer 4.00 X X 0 0 0 Dave Butler Secretary 4.00 X X 0 0 0 Craig Olson Past Chair 4.00 X X 0 0 0 Linda Davidson Director (Termed 10/2023) 2.00 X 0 0 0 Robert Dixon Director 2.00 X 0 0 0 Kirby Dyess Director 2.00 X 0 0 0 Annette Elg Director 2.00 X 0 0 0 Mark Engberg Director 2.00 X 0 0 0 Rod Gramer Director 2.00 X 0 0 0 John Hale Director 2.00 X 0 0 0 Mary Hasenoehrl Director 2.00 X 0 0 0 Dan Hutchinson Director 2.00 X 0 0 0 Bob Maynard Director 2.00 X 0 0 0 Bill McCann Director 2.00 X 0 0 0 Lee McCollum Director (Termed 10/2023) 2.00 X 0 0 0 Earl Reed Director 2.00 X 0 0 0 Helen Stevenson Director (Termed 10/2023) 2.00 X 0 0 0 Jo Anne Stringfield Director 2.00 X 0 0 0 Bob Urso Director 2.00 X 0 0 0 Scott Madison Director (Appointed 10/2023) 2.00 X 0 0 0 Samantha Parrott Director (Appointed 10/2023) 2.00 X 0 0 0 Stephen Pruss Director (Appointed 10/2023) 2.00 X 0 0 0 Travis Thompson Director (Appointed 10/2023) 2.00 X 0 0 0 Shawna Lindquist Interim Exec Director (Ended 12/31/2023) 40.00 X 187414 0 14750 Ben McLuen Chief Executive Officer (Beginning 1/1/2024) 40.00 X 254320 0 14350 Deb Bell Former Director of Finance (Ended 6/30/2023) 40.00 X 106722 0 7475 548456 0 36575 3 1 1 0 Holland & Hart LLP PO Box 17283 Denver CO 802170283 Legal Services 267292 Cambridge Associates 100 Summer St Boston MA 02110 Investment Consultant 225000 LSV Asset Management 155 North Wacker Drive Chicago IL 60606 Investment Manager 197794 Polen Capital 1825 NW Corporate Blvd Suite 300 Boca Raton FL 33431 Investment Manager 184451 Walter Scott 1 Charlotte Sq Edinburgh Scotland UK EH24DZ Investment Manager 100191 5 28903270 4079663 28903270 Previously Distributed Endowment 900099 486117 486117 486117 9804002 16920 9787082 2248 2248 40190 0 40190 40190 40190 151225751 139161162 12064589 12064589 12064589 Commission Recapture 900099 45 45 45 51300461 486162 16920 21894109 29815406 29815406 7565 7565 275450 242396 33054 863159 707427 155732 416982 366944 50038 5225 5225 309863 34302 275561 46937 46937 1182407 1060198 122209 1545 1545 53736 36328 17408 26103 26103 61372 6022 55350 46656 46656 6309 6309 67613 55491 12122 Credit Card Processing 71469 71469 Arboretum Improvements 38879 38879 Income Taxes 37579 37579 33334255 32370958 963297 0 38384696 47608035 7592891 7907812 265586 468625 6884000 4846850 6884000 315332339 353595196 98095749 91841678 499911 560582 465018022 508865928 14827648 15870608 4198301 4522842 6231611 7276733 25257560 27670183 X 134327176 161468126 0 0 305433285 319727619 439760462 481195745 465018022 508865928 X 17966206 23489443 -20366 X X 0 1 X 1 0 X 25046410 34046108 47443089 28211033 28903270 163649910 25046410 34046108 47443089 28211033 28903270 163649910 6460415 157189495 6577083 6001525 7245015 8279418 9829520 37932561 25878 84776 0 110654 50646 233816 1353 246 45 286106 201979231 1530291 0.77820 0.78100 X Schedule A, Part II, Line 10, Explanation of Other Income: Commission Recapture - 2019 Amount: $ 3,537. 2020 Amount: $ 6,000. 2021 Amount: $ 1,353. 2022 Amount: $ 246. 2023 Amount: $ 45. Change in Cash Surrender Value of Life Insurance - 2019 Amount: $ 45,773. 2020 Amount: $ 182,439. Other - 2019 Amount: $ 1,336. 2020 Amount: $ 45,377. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 380973168 14422607 39993600 16087115 3277542 416024718 359276858 13469477 26210896 14946260 3037803 380973168 375861665 22888613 -23380773 13649168 2443479 359276858 288484373 15528879 87013468 12803150 2361905 375861665 291908415 9368133 -1173149 12056598 1908726 286138075 0.01982 0.98018 0.00000 0 0 6884000 6884000 6884000 Private Equity Funds 64174637 F International Equity Funds 27667041 F 91841678 Split Interest Trusts 6035194 Due to University of Idaho 1241539 7276733 74850575 23489443 60671 23550114 51300461 0 51300461 33415292 81037 81037 33334255 0 33334255 Part V, Line 4: The University of Idaho Foundation holds nearly 2,000 endowment accounts established by donors. Donors have funded these accounts to provide support in perpetuity to the University for a variety of purposes, including student scholarships and fellowships, faculty positions, research, facilities, and other programmatic support. Part XI, Line 2d - Other Adjustments: Change in Cash Surrender Value of Life Insurance 60,671. Part XII, Line 2d - Other Adjustments: Uncollectable Pledges 81,037. Europe (Including Iceland & Greenland) 0 0 Investments 4673166 North America 0 0 Investments 25806755 0 0 0 0 0 0 30479921 0 30479921 1 0 1 1 1 0 Schedule F, Part IV: The Foundation reviews its direct and indirect investments during the tax period for determining required foreign filings. The Foundation makes direct and indirect transfers to foreign corporations and foreign partnerships. The Foundation would file Form 926 or Form 8865 if the transfers met the requirements for filing. The Foundation's transfers to foreign corporations did require filing Form 926. The Foundation's transfers to foreign partnerships did require filing Form 8865. The Foundation has ownership interests in foreign corporations and foreign partnerships. The Foundation would file Form 5471 or Form 8865 if the ownership met the requirements for filing. The Foundation's ownership in foreign corporations did not require filing Form 5471. The Foundation's ownership in foreign partnerships did not require filing Form 8865. The Foundation invests in partnerships that hold direct or indirect interests in passive foreign investment companies (PFICs). The Foundation would file Form 8621s for underlying investments that generate unrelated business income. The Foundation would not file Form 8621s where the investment partnerships have properly filed Form 8621s, or where the underlying investments did not generate any unrelated business income. The Foundation did not require filing Form 8621. 1 University of Idaho 875 Perimeter Dr Moscow ID 83844 826000094 State of Idaho 29790269 0 Scholarships, student related programs, faculty, research, and program support Festival Dance and Performing Arts Association 875 Perimeter Dr MS2403 Moscow ID 83844 820430133 501(c)(3) 11425 0 Enhance communities through performances, education and outreach programs. Northwest Public Broadcast co Washington State University Foundation PO Box 641927 Pullman WA 991641927 911075542 501(c)(3) 12533 0 Supporting radio broadcasting in rural communities. 3 0 Charitable Remainder Trust Income Payment to Income Beneficiary 1 7565 Part I, Line 2: Monitoring the use of grants or other assistance: The University of Idaho Foundation processes gifts and makes distributions to the University of Idaho. Internal controls are employed to safeguard assets. The University of Idaho completes a review and sign off to verify the funds are distributed correctly after the University receives the funds. Distributions to the University of Idaho are made in accordance with endowment agreements, gift use agreements, and donor directives. X 0 0 0 0 0 0 0 0 0 Ben McLuen Chief Executive Officer (Beginning 1/1/2024) 254320 0 0 0 0 0 0 0 14350 0 268670 0 0 0 Shawna Lindquist Interim Exec Director (Ended 12/31/2023) 187414 0 0 0 0 0 0 0 14750 0 202164 0 0 0 Deb Bell Former Director of Finance (Ended 6/30/2023) 106722 0 0 0 0 0 0 0 7475 0 114197 0 0 0 Form 990, Sch J, Part II The University of Idaho provides common paymaster services including payments, tax withholding, and reporting for employees contractually loaned to the University of Idaho Foundation. The University of Idaho Foundation reimburses the University for these expenses. Therefore, the Foundation reported the compensation as if paid by the Foundation itself. X 76 4079663 Avg High/Low 0 0 1 1 Part I, Column (b): Column (b) includes donations of 76 securities from 60 donors. Part I, Line 32b: Brokerage firms such as UBS, Vanguard, and D.A. Davidson are used to liquidate noncash gifts, such as stock. All FMV figures shown on Schedule M, Line 9 are determined using the average price between the highest and lowest quoted selling prices on the date the contribution was received. Schedule M, Line 31: The Board of Directors established a Gift Acceptance Committee with formal policies and procedures requiring the review of gifts of property and other non-standard gifts. Such gifts require full board approval. Form 990, Part VI, Section A, line 1a The governing body of the Foundation delegates to the Executive Committee the authority to act on its behalf. The Executive Committee members include the Chair, Vice-Chair, Past-Chair, Treasurer and Secretary. All Executive Committee members are voting directors of the Board. The Chief Executive Officer and Chief Financial Officer of the Foundation both serve in an advisory capacity to the Executive Committee in a non-voting capacity. The Executive Committee shall possess and exercise all powers of the Board in between the meetings of the Board, except the Executive Committee shall not have the authority to (a) authorize distributions, (b) approve dissolution, merger or the sale, pledge or transfer of all or substantially all of the Foundation's assets, (c) elect, appoint or remove Directors or fill vacancies on the Board or any of its committees or (d) adopt, amend or repeal the Articles or Bylaws. Form 990, Part VI, Section A, line 4 Significant Changes to Governing Documents Since Prior Form 990 was Filed - On July 1, 2024, the Foundation and University Advancement merged into one unified philanthropic organization. The mission of the Foundation has expanded to include engagement and fundraising activities to inspire greater private support for the benefit of the University. The Fourth Amended and Restated Articles of Incorporation and Fifth Amended and Restated Bylaws were adopted by the Board of Directors of the Foundation on June 7th, 2024 to be effective on July 1st, 2024. Form 990, Part VI, Section B, line 11b Process to Review Form 990 - After preparation and thorough review by the Foundation Controller, Chief Financial Officer, external tax advisors and the Board Treasurer, a draft of the completed Form 990 is shared with the Audit Committee for review and comment, and then with the full Board no less than two weeks before filing. While no formal vote is required prior to filing, Foundation staff ensure that adequate time is allowed to address any questions or concerns of the Board prior to completing the filing with the IRS. Form 990, Part VI, Section B, line 12c Conflict of Interest Compliance - All officers, directors, and employees are provided with the Conflict of Interest Policy annually and must acknowledge in writing that they have read, understand and agree to abide by the policy. Additionally, all parties must disclose any potential conflicts and all such disclosures are considered by the appropriate governing body to determine any required action or recusal. Form 990, Part VI, Section B, line 15 Compensation Policies - The Chief Executive Officer (CEO) and other key employees of the Foundation are employees of the University of Idaho who are loaned to the Foundation via written agreement. The University performs compensation studies and coordinates compensation of such employees in conjunction with University policies. The CEO is hired by the Foundation Board of Directors, who consider the compensation studies in establishing the salary for the CEO. Form 990, Part VI, Section C, line 19 Public Disclosure Procedures - The audited financial statements of the Foundation are posted on the public website www.uidaho.edu/uidahofoundation. Governing documents and conflict of interest policies are available upon request. Form 990, Part XI, line 9: Write Off of Uncollectable Pledges -81,037. Change in CSV Life Insurance 60,671. Form 990, Part XII, Line 2c The Board of Directors approves the financial statements and selects the independent auditor of the financial statements. VANDAL PROPERTIES LLC 875 PERIMETER DRIVE MS 3143 MOSCOW ID 838443143 237098404 PROPERTY HELD FOR UIDAHO FOUNDATION ID 0 0 UNIVERSITY OF IDAHO FOUNDATION INC Charitable Remainder Unitrust (19) Charitable Trusts ID N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1