2022-05-04T12:02:04-05:00 2021-06-30 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2020-07-01 850275408 UNIVERSITY OF NEW MEXICO FOUNDATION INC UNIV 5053137600 700 LOMAS BLVD NE NO 108 ALBUQUERQUE NM 87102 KENNETH STANSBURY CFO AND TREASURER 5053137633 2022-05-01 1 KENNETH STANSBURY 999009999 PAMELA ALEXANDERSON P01218925 5058787200 2022-05-01 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEFFREY TODD 700 LOMAS BLVD NE NO 108 ALBUQUERQUE NM 87102 77543845 0 X WWW.UNMFUND.ORG X 1979 NM SEE SCHEDULE O. 26 26 79 26 153927 0 36333277 39421081 7971146 7851392 9455876 18571919 55651 23824 53815950 65868216 33536172 33383432 0 0 9663436 8857856 155000 155000 5900816 3509964 2986973 46864572 45383261 6951378 20484955 270142035 344313898 38038009 38350947 232104026 305962951 CREATE POWERFUL ENGAGEMENTS AND PARTNERSHIPS THAT LEAD TO INCREASED PHILANTHROPY, INVESTMENT, INNOVATION, AND SUPPORT FOR THE UNIVERSITY OF NEW MEXICO. 0 0 35225016 33383432 7851392 THE UNIVERSITY OF NEW MEXICO FOUNDATION, INC. ENHANCES THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF NEW MEXICO BY RAISING PRIVATE FUNDS FOR THE BENEFIT OF STUDENTS, FACULTY AND PROGRAMS; AND INVESTS ENDOWMENT FUNDS AND OTHER FUNDS NOT IMMEDIATELY REQUIRED TO PROVIDE FOR LONG-TERM SUPPORT OF THE UNIVERSITY. 35225016 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 79 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AR CA CO DC KY LA MA MD MI MN NH NJ NY OK OR SC WV X X KENNETH STANSBURY 5053137633 700 LOMAS BLVD NE SUITE 108 ALBUQUERQUE NM 87102 RANDY VELARDE CHAIR 2.00 X X 0 0 0 RYAN MUMMERT VICE CHAIR/CHAIR ELECT 2.00 X X 0 0 0 LAMECK LUKANGA NATIONAL VICE CHAIR 2.00 X X 0 0 0 GREG FOLTZ ASSISTANT TREASURER 2.00 X X 0 0 0 FELICIA FINSTON SECRETARY 2.00 X X 0 0 0 ADAM HARRINGTON TRUSTEE 2.00 X 0 0 0 ALEX ROMERO TRUSTEE 2.00 X 0 0 0 ANTHONY PACHELLI TRUSTEE (THROUGH 6/30/21) 2.00 X 0 0 0 CAROL MAYO COCHRAN TRUSTEE 2.00 X 0 0 0 CAROLYN ABEITA TRUSTEE 2.00 X 0 0 0 CHERYL FOSSUM-GRAHAM TRUSTEE 2.00 X 0 0 0 DON CLAMPITT TRUSTEE 2.00 X 0 0 0 GARNETT STOKES TRUSTEE 2.00 X 0 0 0 JERRALD ROEHL TRUSTEE 2.00 X 0 0 0 JUDY ZANOTTI TRUSTEE (THROUGH 6/30/21) 2.00 X 0 0 0 LAURIE MOYE TRUSTEE (THROUGH 6/30/21) 2.00 X 0 0 0 LINDA WARNING TRUSTEE 2.00 X 0 0 0 MARK PECENY TRUSTEE (THROUGH 6/30/21) 2.00 X 0 0 0 MARTHA MCGREW TRUSTEE (THROUGH 6/30/21) 2.00 X 0 0 0 NANCY RIDENOUR TRUSTEE (THROUGH 6/30/21) 2.00 X 0 0 0 PAUL CASSIDY TRUSTEE 2.00 X 0 0 0 ROBERT SCHWARTZ TRUSTEE 2.00 X 0 0 0 TODD SANDOVAL TRUSTEE 2.00 X 0 0 0 TOM DAULTON TRUSTEE 2.00 X 0 0 0 TOMMY ROBERTS TRUSTEE 2.00 X 0 0 0 WILLIAM P LANG TRUSTEE 2.00 X 0 0 0 JEFFREY TODD PRESIDENT AND CEO 40.00 X 318537 0 45690 WILLLIAM UHER VICE PRESIDENT 40.00 X 280847 0 33274 LAWRENCE RYAN VICE PRESIDENT 40.00 X 278029 0 40503 CURTIS HELSEL COO (THROUGH 6/30/21) 40.00 X 251528 0 37490 PATRICK ALLEN GENERAL COUNSEL 40.00 X 220370 0 29795 KENNETH STANSBURY CFO & TREASURER 40.00 X 199952 0 32413 ANNETTE HAZEN SENIOR ASSOCIATE VICE PRESIDENT 40.00 X 140761 0 22205 KRISTINE C MAZZEI SENIOR ASSOCIATE VICE PRESIDENT 40.00 X 129112 0 13296 WENDY STIRES SENIOR ASSOCIATE VICE PRESIDENT (THROUGH 6/30/21) 40.00 X 151136 0 23760 GRETCHEN DOYLE ASSOCIATE VICE PRESIDENT 40.00 X 170125 0 22262 HENRY NEMCIK PRESIDENT AND CEO EMERITUS (THROUGH 1/1/20) 40.00 X 137224 0 5764 CHRISTOPHER ALBRECHT DEVELOPMENT OFFICER 40.00 X 127950 0 20769 ANNDEE WRIGHT BROWN DEVELOPMENT OFFICER 40.00 X 126408 0 12820 JOSEPH WEISS DEVELOPMENT OFFICER 40.00 X 119307 0 13662 2651286 0 353703 25 0 1 0 GRENZEBACH GLIER AND ASSOCIATE PO BOX 775324 CHICAGO IL 60677 BENCHMARKING AND DATA CONSULTING 196119 THE STOCKADE CONSULTING GROUP INC 650 FRANKLIN ST SUITE 201 SCHNECTADY NY 12305 PROFESSIONAL FUNDRAISER 155000 AON HEWITT 39584 TREAS CENTER CHICAGO IL 60694 INVESTMENT CONSULTANTS 138140 NORTHERN TRUST 333 S WABASH CHICAGO IL 60604 INVESTMENT CUSTODIANS 105121 GO BONDS FOR HIGHER EDUCATION 5504 CROWN RIDGE NW ALBUQUERQUE NM 87114 LOBBYING 104000 5 1852392 37568689 10060847 39421081 UNM CONTRACT SERVICE REVENUE 611710 4866050 4866050 DEVELOPMENT FUNDING ALLOCATION 523920 2985342 2985342 7851392 2174685 153927 2020758 88791 64967 23824 23824 23824 27450618 557278 11250397 360265 16200221 197013 16397234 16397234 65868216 7851392 153927 18441816 33383432 33383432 2275392 182428 1061519 1031445 4908147 693709 1273563 2940875 512912 74422 151914 286576 702455 94296 168370 439789 458950 57897 134946 266107 15235 1522 13713 67077 67077 104000 104000 155000 155000 261077 261077 521219 50457 217474 253288 220698 21573 25976 173149 274265 71279 173568 29418 408658 8188 397477 2993 210307 10606 199701 12135 1602 122 10411 8107 8107 139639 85102 54537 DONOR RELATIONS 341965 93603 2857 245505 PAYMENTS TO ANNUITANTS 274143 274143 DUES AND SUBSCRIPTIONS 96542 13499 21302 61741 PROFESSIONAL DEVELOPMEN 31906 3258 24129 4519 45383261 35225016 4257429 5900816 19509735 48756282 1827368 2445553 238642 224524 716313 624446 217229 240357 1543832 180128 1424533 1363704 27491835 22838670 197141882 243096035 143500 21574498 24580827 270142035 344313898 2010724 1444529 361929 757772 1303787 1316825 34361569 34831821 38038009 38350947 X 3965568 5624432 228138458 300338519 232104026 305962951 270142035 344313898 X 20484955 53147689 226281 X 0 1 X 1 0 X 36544435 38862947 28894746 36333277 39421081 180056486 36544435 38862947 28894746 36333277 39421081 180056486 12202065 167854421 902310 1026358 1477606 1465944 2109549 6981767 187038253 39839215 0.89740 0.90040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 104000 104000 0 PART II-B, LINE 1: THE ACTIVITIES INCLUDE PAYMENTS TO GO BOND FOR EDUCATION TO SUPPORT THE 2020 GENERAL OBLIGATION BOND VOTE. 0 1589915 X SUPPORT UNM ART PROGRAMS 1 228138458 17001713 70153193 11491811 4102175 299699378 231981429 11970513 -1104920 10842497 3866067 228138458 225868438 8939647 9263129 8368670 3721115 231981429 207766891 18092638 14674007 11055743 3609355 225868438 191121892 10944702 21422839 12267432 3455110 207766891 0.08270 0.91550 0.00180 0 0 146730 146730 1027000 1027000 7210 7210 0 172918 172918 0 189974 189974 1363704 CIF - ILLIQUID REAL ASSETS 4592802 F CIF - MARKETABLE ALTERNATIVE 49541569 F CIF - PRIVATE EQUITY 55495449 F CIF - REAL ESTATE FUNDS 4899156 F CIF - MUTUAL FUND, FIXED 300 F CIF - MUTUAL FUND, EQUITY 128566759 F 243096035 ARTWORK 1589915 BENEFICIAL INTEREST - SPLIT INTEREST AGREEMENT 22990912 24580827 DUE TO CONSOLIDATED INVESTMENT FUND 556810 DUE TO UNIVERSITY OF NEW MEXICO 8469157 DEFERRED ANNUITIES PAYABLE 2510816 DEFERRED INFLOWS OF BENEFICIAL INTEREST 23295038 34831821 X 119046076 53147689 291248 53438937 65607139 261077 261077 65868216 45187151 64967 64967 45122184 261077 261077 45383261 PART III, LINE 4: THE DONATED ART HELD FOR SALE WILL BE SOLD, AND THE NET PROCEEDS WILL SUPPORT ART PROGRAMS, COLLECTIONS, MUSEUMS AND OTHER PROGRAMS AT THE UNIVERSITY OF NEW MEXICO. PART V, LINE 4: THE PURPOSE OF EACH ENDOWMENT FUND IS SPECIFIED IN A WRITTEN AGREEMENT WITH A DONOR(S) AND SUPPORTS THE MISSION OF THE UNIVERSITY OF NEW MEXICO, INCLUDING SCHOLARSHIPS, FACULTY SUPPORT, LIBRARIES, RESEARCH BUILDINGS, AND EQUIPMENT. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND AS SUCH IS EXEMPT FROM FEDERAL AND STATE INCOME TAX ON ITS RELATED INCOME UNDER SECTION 501(A) OF THE IRC. FURTHERMORE, AS A PUBLICLY SUPPORTED ORGANIZATION IT IS CLASSIFIED AS A PUBLIC CHARITY AND NOT A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(1). THE FOUNDATION HAD NO MATERIAL UNRELATED BUSINESS INCOME; THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2020, THE MOST RECENT FILING DATE, THE FOUNDATION HAD A NET OPERATING LOSS CARRYFORWARD OF APPROXIMATELY $2.4 MILLION, AS A RESULT OF CUMULATIVE LOSSES FROM UNDERLYING PARTNERSHIP INVESTMENTS WITHIN THE CIF. THE DEFERRED TAX ASSET ASSOCIATED WITH THIS LOSS CARRYFORWARD OF APPROXIMATELY $508,000 IS NOT RECOGNIZED ON THE ACCOMPANYING STATEMENTS OF NET POSITION DUE TO THE UNCERTAINTY OF FUTURE INCOME THAT WOULD BE NECESSARY TO REALIZE THE BENEFIT. THE FOUNDATION ESTIMATES THAT THE CHANGE IN THE DEFERRED TAX ASSET FOR THE YEAR ENDED JUNE 30, 2021 IS NOT MATERIAL. PART XI, LINE 2D - OTHER ADJUSTMENTS: ANNUITIES PAYABLE ADJUSTMENT 226,281. RENTAL EXPENSES 64,967. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 64,967. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 43396801 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 6140872 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, PROGRAM SERVICES CONSULTING SERVICES TO ESTABLISH A PROJECT ECHO HUB IN URUGUAY 3000 0 0 0 0 0 0 49540673 0 49540673 1 0 1 1 1 0 PART I, LINE 3: METHOD OF ACCOUNTING: ACCRUAL PART III ACCOUNTING METHOD: X X X X X X 1 THE STOCKADE CONSULTING GROUP INC 650 FRANKLIN ST SUITE 201 SCHENECTADY NY 12305 TELEPHONE, E-MAIL, DIRECT MAIL SOLICITATIONS 0 260085 155000 105085 260085 155000 105085 AL AK AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY 1 UNIVERSITY OF NEW MEXICO 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE NM 87131 856000642 115 33342632 40800 FMV MASKS ENABLE UNIVERSITY TO ENGAGE IN COMPREHENSIVE EDUCATIONAL, RESEARCH AND SERVICE PROGRAMS. 1 0 PART I, LINE 2: THE FOUNDATION MAINTAINS RECORDS SUBSTANTIATING THE AMOUNT OF GRANTS. GRANTS ARE MONITORED THROUGH THE UNIVERSITY OF NEW MEXICO'S ACCOUNTING DEPARTMENT AND ITS BOARD OF REGENTS. X X X X 0 0 0 0 0 0 0 1 0 JEFFREY TODD PRESIDENT AND CEO 297152 0 21385 0 0 0 28500 0 17190 0 364227 0 0 0 LAWRENCE RYAN VICE PRESIDENT 255829 0 22200 0 0 0 25467 0 15036 0 318532 0 0 0 WILLLIAM UHER VICE PRESIDENT 258647 0 22200 0 0 0 25500 0 7774 0 314121 0 0 0 CURTIS HELSEL COO (THROUGH 6/30/21) 231248 0 20280 0 0 0 23867 0 13623 0 289018 0 0 0 PATRICK ALLEN GENERAL COUNSEL 201370 0 19000 0 0 0 22340 0 7455 0 250165 0 0 0 KENNETH STANSBURY CFO & TREASURER 178983 0 15200 0 5769 0 19312 0 13101 0 232365 0 0 0 GRETCHEN DOYLE ASSOCIATE VICE PRESIDENT 152310 0 13200 0 4615 0 15492 0 6770 0 192387 0 0 0 WENDY STIRES SENIOR ASSOCIATE VICE PRESIDENT (THROUGH 6/30/21) 138901 0 12235 0 0 0 16028 0 7732 0 174896 0 0 0 ANNETTE HAZEN SENIOR ASSOCIATE VICE PRESIDENT 124449 0 11016 0 5296 0 14431 0 7774 0 162966 0 0 0 PART I, LINE 7 DISCRETION IS USED IN DETERMINING THE NON-FIXED COMPENSATION, WHICH IS BASED ON COMPLETION OF ORGANIZATION-WIDE GOALS AND IS CALCULATED USING A UNIFORM PERCENTAGE FOR THE ENTIRE ORGANIZATION. THIS COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. X 1 143500 APPRAISAL X 52 9710217 FMV X 1 100000 FMV X 1 66330 APPRAISAL X 1 40800 FMV 1 0 1 1 PART I, LINE 32B: A BROKER IS USED TO SELL GIFTS OF SECURITIES, AND REAL ESTATE AGENCIES ARE USED TO LIST AND SELL GIFTS OF REAL ESTATE. PART I, LINE 33: N/A SCHEDULE M, LINE 8 THE INTELLECTUAL PROPERTY SHOWN ON LINE 8 IS NOT QUALIFIED INTELLECTUAL PROPERTY. FORM 990, PART I, LINE 1 CREATE POWERFUL ENGAGEMENTS AND PARTNERSHIPS THAT LEAD TO INCREASED PHILANTHROPY, INVESTMENT, INNOVATION, AND SUPPORT FOR THE UNIVERSITY OF NEW MEXICO. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF REGENTS OF THE UNIVERSITY OF NEW MEXICO MAY APPOINT ONE MEMBER TO THE UNM FOUNDATION'S BOARD OF TRUSTEES. THE BOARD OF REGENTS IS THE CONSTITUTIONALLY DESCRIBED GOVERNING BODY OF THE UNIVERSITY, HAVING FIDUCIARY RESPONSIBILITY FOR THE ASSETS AND PROGRAMS OF THE UNIVERSITY. THE BOARD OF TRUSTEES IS THE ELECTED GOVERNING BOARD OF THE UNM FOUNDATION, HAVING FIDUCIARY RESPONSIBILITY FOR THE ASSETS AND PROGRAMS OF THE UNM FOUNDATION. THE PRESIDENT OF THE UNIVERSITY OF NEW MEXICO SERVES ON THE UNM FOUNDATION BOARD OF TRUSTEES AND MAY APPOINT UP TO TWO UNM DEANS TO SERVE ON THE UNM FOUNDATION BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE CONSOLIDATED INVESTMENT FUND INCLUDES ASSETS OWNED BY THE UNIVERSITY OF NEW MEXICO AND ASSETS OWNED BY THE UNM FOUNDATION. THE BOARD OF REGENTS OF THE UNIVERSITY AND THE BOARD OF TRUSTEES OF THE UNM FOUNDATION JOINTLY APPROVE THE INVESTMENT POLICY AND THE INVESTMENT CONSULTANT FOR THE CONSOLIDATED INVESTMENT FUND. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE. THE AUDIT COMMITTEE APPROVES THE FORM 990, A PUBLIC DISCLOSURE COPY OF THE 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING. THE UNREDACTED SCHEDULE B TO THE FORM 990 IS NOT REVIEWED BY THE FULL BOARD DUE TO THE CONFIDENTIAL AND PRIVATE NATURE OF ITS DONOR LIST. THE FORM 990 IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES ATTEST TO THEIR INDEPENDENCE UPON APPOINTMENT OR HIRE AND REAFFIRM THEIR INDEPENDENCE ANNUALLY. A TRUSTEE WITH A CONFLICT IS NOT PERMITTED TO VOTE ON ANY ACTION PERTAINING TO THAT MATTER. THERE WERE NO CONFLICTS OF INTEREST IN THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE UNM FOUNDATION BOARD OF TRUSTEES' EXECUTIVE COMMITTEE. THE COMPENSATION FOR ALL OTHER FOUNDATION EMPLOYEES IS DETERMINED BY THE CEO WITHIN RANGES CONSISTENT WITH PEER ORGANIZATIONS. TO ASSURE THE REASONABLENESS OF THE COMPENSATION ARRANGEMENT FOR THE CEO AND ALL OTHER FOUNDATION EMPLOYEES WHO MAY BE CONSIDERED A "DISQUALIFIED PERSON," ON AT LEAST AN ANNUAL BASIS THE FOUNDATION BOARD OF TRUSTEES' COMPENSATION COMMITTEE CONDUCTS A COMPREHENSIVE COMPENSATION ANALYSIS. THE COMPENSATION COMMITTEE'S COMPENSATION ANALYSIS IS PERFORMED BY TRUSTEES WHO ARE INDEPENDENT AND HAVE NO CONFLICT OF INTEREST, AND THE ANALYSIS ASSURES THAT THE COMPENSATION ARRANGEMENT FOR EACH POTENTIALLY DISQUALIFIED PERSON IS REASONABLE BASED ON A COMPARISON TO COMPENSATION DATA FROM LOCAL SOURCES AND BENCHMARKING OF REGIONAL AND NATIONAL PEERS. IN ADDITION, EVERY FIVE YEARS, THE FOUNDATION CONDUCTS AN INDIVIDUALIZED BENCHMARKING STUDY OF THE COMPENSATION FOR ALL POTENTIALLY DISQUALIFIED PERSONS. THE COMPENSATION COMMITTEE DOCUMENTS ALL OF ITS ANALYSES IN WRITTEN MINUTES AND REPORTS. THE COMPENSATION COMMITTEE LAST CONDUCTED AND DOCUMENTED ITS COMPENSATION ANALYSIS IN FY 2020/2021. FORM 990, PART VI, SECTION C, LINE 18 THE UNM FOUNDATION'S FORM 1023, 990, AND 990-T ARE AVAILABLE UPON REQUEST FROM THE OFFICE OF MARKETING AND COMMUNICATIONS AND ON ITS WEBSITE AT WWW.UNMFUND.ORG. FORM 990 IS ALSO AVAILABLE TO THE PUBLIC THROUGH GUIDESTAR'S WEBSITE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE FILED WITH THE NEW MEXICO SECRETARY OF STATE. INTERESTED PARTIES MAY REQUEST COPIES OF THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS FROM THE UNM FOUNDATION'S OFFICE OF MARKETING AND COMMUNICATIONS. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE: WWW.UNMFUND.ORG. FORM 990, PART XI, LINE 9: ANNUITY CHANGE IN ACTUARIAL LIABILITY 226,281. FORM 990, PART VIII, LINE 2B THE DEVELOPMENT FUNDING ALLOCATION IS A FEE ASSESSED AGAINST THE CONSOLIDATED INVESTMENT FUND, WHICH HOLDS AND INVESTS ENDOWMENT ASSETS ON BEHALF OF THE UNIVERSITY AND THE UNM FOUNDATION. THE AMOUNT REPORTED ON LINE 2B ($2,985,342) AS REVENUE IS THE ASSESSMENT AGAINST THE ENDOWMENT ASSETS OWNED BY THE UNIVERSITY. THE AMOUNT ASSESSED AGAINST ENDOWMENT ASSETS OWNED BY THE UNM FOUNDATION ($4,099,882) IS NOT REFLECTED AS REVENUE BUT AS A TRANSFER OF ASSETS FROM RESTRICTED TO UNRESTRICTED FUNDS. FORM 990, PART IX, LINE 11F INVESTMENT MANAGEMENT FEES REPORTED ARE PRORATED BASED ON THE PERCENTAGE OF THE ENDOWMENT OWNED BY THE UNIVERSITY AND THE PERCENTAGE OWNED BY THE UNM FOUNDATION. FORM 990, PART IX, LINE 25, COLUMN D THE FUNDRAISING EXPENSES REPORTED REFLECT ALL THE EXPENSES INCURRED BY THE FOUNDATION TO SECURE PRIVATE CONTRIBUTIONS IN SUPPORT OF THE UNIVERSITY OF NEW MEXICO. HOWEVER, THE CONTRIBUTIONS REPORTED IN PART I, LINE 8, AND PART VIII, LINE 1H, INCLUDE ONLY CONTRIBUTIONS THAT ARE PROCESSED THROUGH THE FOUNDATION'S FINANCIAL RECORDS. FOR INSTANCE, GIFTS OF ARTWORK, REAL ESTATE, AND EQUIPMENT FOR USE BY THE UNIVERSITY ARE PROCESSED THROUGH THE UNIVERSITY'S FINANCIAL RECORDS AND ARE NOT INCLUDED IN PART I, LINE 8, AND PART VIII, LINE 1H. SIMILARLY, PLEDGES TO ENDOWMENT FUNDS ARE NOT INCLUDED AND ONLY REALIZED BEQUESTS ARE INCLUDED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THEREFORE, FORM 990 SHOULD NOT BE USED TO DETERMINE THE FOUNDATION'S COST-TO-RAISE-A-DOLLAR, GIVEN THE EXCLUSIONS/LIMITATIONS NOTED ABOVE. FORM 990, PART X, LINES 2, 11 AND 12 ENDOWMENT ASSETS OF BOTH THE UNIVERSITY AND THE UNM FOUNDATION ARE HELD IN THE CONSOLIDATED INVESTMENT FUND. ENDOWMENT ASSETS OWNED BY THE UNIVERSITY ($277,822,579) ARE NOT REPORTED ON THE UNM FOUNDATION'S FORM 990. ENDOWMENT ASSETS OWNED BY THE UNM FOUNDATION ($302,474,883) ARE REPORTED ON THE UNM FOUNDATION'S FORM 990, PART X, LINES 2, 11 AND 12 WITH ADDITIONAL DETAIL ON SCHEDULE D, PART VII.