2021-05-14T13:30:14-05:00 2020-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2019-07-01 046013152 UNIVERSITY OF MASSACHUSETTS FOUNDATION INC UNIV 6172875590 ONE BEACON STREET 31ST FLR BOSTON MA 02108 JUDITH A MURPHY ASSOCIATE VP & CONTROLLER 6172875590 2021-05-14 1 LYNNE JOHNSON P00757336 6179129000 2019 2022-09-23 18:48:47Z JUDITH A MURPHY ONE BEACON STREET 31ST FLR BOSTON MA 02108 245931715 0 X WWW.UMASSP.EDU/FOUNDATION X 1950 MA THE MISSION OF THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. THE FOUNDATION RECEIVES, INVESTS AND DISBURSES PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS AND ITS EDUCATIONAL MISSION. 26 26 19 40 124456 111110 19711320 31505786 0 0 15597392 6029894 11063244 10994471 46371956 48530151 17685283 16623686 0 0 3028748 2665971 0 0 7838168 7875631 8764972 28589662 28054629 17782294 20475522 612317731 642455669 3792083 7246755 608525648 635208914 TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. TO INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS. 0 0 18083689 16623686 11013129 THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. INVESTS FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS INCLUDING, BUT NOT LIMITED TO SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS AND GENERAL PROGRAM SERVICES EXPENDITURES. 18083689 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 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 0 0 0 0 1 19 0 19 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA AK AR CA CO DC HI KY MD ME MI MN NH NJ NY OH OK OR SC TN UT WA WI WV NV X JUDITH A MURPHY 6172875590 ONE BEACON STREET 31ST FLR BOSTON MA 02108 JONATHAN GIBBONS CHIEF INVESTMENT OFFICER 40.00 X 500429 0 135157 CHARLES J PAGNAM FORMER EXECUTIVE VP 40.00 X 358276 0 37703 GEOFFREY BOWES MANAGING DIRECTOR, INVESTMENT TEAM 40.00 X 310812 0 56861 JUDITH A MURPHY ASSOC. VP/CONTROLLER 40.00 X 192758 0 45187 LINDA LIANG DIRECTOR OF OPERATIONS 40.00 X 163657 0 48523 SANDY FISHER ASSOC. VP, ADVANCEMENT SYSTEMS 40.00 X 144061 0 19471 CHRISTOPHER YOULDEN SENIOR FINANCIAL ANALYST 40.00 X 134084 0 18764 DANIEL SWARTZ EXEC. DIRECTOR, ADVANCEMENT 40.00 X 129315 0 37574 MARY L BURNS DIRECTOR 1.00 X 0 0 0 LISA A CALISE DIRECTOR 1.00 X 0 0 0 NATHAN P CHESLEY DIRECTOR 1.00 X 0 0 0 DOUGLAS CLIGGOTT DIRECTOR 1.00 X 0 0 0 MICHAEL F COLLINS MD DIRECTOR 1.00 X 0 0 0 SANDRA E COSTA DIRECTOR 1.00 X 0 0 0 JOSE F DEMEDEIROS DIRECTOR 1.00 X 0 0 0 ROBERT D ETTINGER DIRECTOR 1.00 X 0 0 0 DANIEL E FEDER DIRECTOR 1.00 X 0 0 0 PATRICIA C FLAHERTY DIRECTOR 1.00 X 0 0 0 STANLEY L FUNG DIRECTOR 1.00 X 0 0 0 MARIA D FURMAN DIRECTOR 1.00 X 0 0 0 WARREN J ISABELLE DIRECTOR 1.00 X 0 0 0 ROBERT E JOHNSON PHD DIRECTOR 1.00 X 0 0 0 PHILIP W JOHNSTON DIRECTOR 1.00 X 0 0 0 ROBERT J MANNING DIRECTOR 1.00 X 0 0 0 MARTIN T MEEHAN DIRECTOR 1.00 X 0 0 0 JACQUELINE MOLONEY DIRECTOR 1.00 X 0 0 0 KATHERINE S NEWMAN PHD DIRECTOR 1.00 X 0 0 0 R NORMAN PETERS ESQ DIRECTOR 1.00 X 0 0 0 ROBERT R REITANO DIRECTOR 1.00 X 0 0 0 SUZANNE L STEFANY DIRECTOR 1.00 X 0 0 0 KUMBLE R SUBBASWAMY DIRECTOR 1.00 X 0 0 0 EDWARD H D'ALELIO CHAIR/DIRECTOR 3.00 X X 0 0 0 STEPHEN R DUNNE TREASURER/DIRECTOR 1.00 X X 0 0 0 JAMES P PAPPAS SECRETARY/DIRECTOR 1.00 X X 0 0 0 JAMES R JULIAN JR INTERIM EXEC. VP/EX-OFFICIO 10.00 X X 0 0 0 1933392 0 399240 13 1 1 0 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 IT CONSULTANTS 1219923 BOATHOUSE GROUP INC 260 CHARLES ST 4TH FL WALTHAM MA 02453 ADVERTISING 1009417 AFFINAQUEST LLC 17304 PRESTON RD 800 DALLAS TX 75252 FUNDRAISING SOFTWARE SUPPORT 569234 EVERTRUE INC 330 CONGRESS ST 2ND FL BOSTON MA 02210 FUNDRAISING SOFTWARE SUPPORT 326875 IMODULES SOFTWARE INC 8330 WARD PARKWAY KANSAS CITY MO 64114 FUNDRAISING SOFTWARE 266609 6 35550 1912781 29557455 124107 31505786 -966990 124456 -1091446 204337390 197340506 6996884 6996884 6996884 42400 35550 61058 -18658 -18658 INVESTMENT MANAGEMENT 561000 10962969 10962969 50160 50160 11013129 48530151 11013129 124456 5886780 16623686 16623686 415047 192758 222289 1618562 72441 567577 978544 92140 4124 32310 55706 337639 15112 118399 204128 202583 9067 71039 122477 42649 42649 322151 322151 788559 388350 236852 163357 36713 1399 13243 22071 2862066 70568 205812 2585686 218187 96972 121215 2160133 279876 64263 1815994 423980 407681 16299 184684 147024 37660 DEVELOPMENT ENHANCEMENT 1500000 1500000 SUPPLIES 225850 211385 5424 9041 28054629 18083689 2132772 7838168 511635 577019 22606409 29957633 208767 792216 18964529 2907809 16480701 16056720 296767647 281168588 275742572 313903493 612317731 642455669 462843 623468 943596 3974606 2385644 2648681 3792083 7246755 X 36844661 38163822 571680987 597045092 608525648 635208914 612317731 642455669 X 20475522 6757189 -549445 X X 0 1 X 1 0 X 29849462 40556084 29674159 19711320 31505786 151296811 29849462 40556084 29674159 19711320 31505786 151296811 18414676 132882135 1011346 1565895 1259134 12934 -1091446 2757863 300485 124456 424941 80954 80804 58989 73800 42400 336947 154816562 54576681 0.85830 0.84050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 763827794 203020058 18762413 948085439 0 533837450 19925437 12198932 15995820 139656 -2226135 552052478 503365416 18957583 27365478 16083108 192248 -424329 533837450 462630321 28109753 28122699 15915791 157366 -575800 503365416 397974357 30567089 45686854 14781324 577083 -3760428 462630321 406925325 22286208 -19200705 12934014 54889 -952432 397974357 0.06010 0.75220 0.18780 0 0 3069140 3069140 15843523 2857597 12985926 51866 50212 1654 16056720 ALTERNATIVE INVESTMENTS 313903493 F 313903493 OBLIGATIONS TO BENEFICIARIES OF SPLIT-INTEREST AGREEMENTS 2648681 2648681 X 58019615 6757189 2671217 9428406 48591209 -61058 -61058 48530151 46903100 18848471 18848471 28054629 0 28054629 PART IV, LINE 1B: AGENCY ACCOUNTS ARE INVESTMENTS HELD ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AND THE EDWARD M. KENNEDY INSTITUTE. PART V, LINE 4: THE INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS ARE TO BE SPENT WITHIN THE ESTABLISHED CRITERIA FOR THE FUND IN SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS OF THE UNIVERSITY OF MASSACHUSETTS. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT TO THE EXTENT THE FOUNDATION HAS UNRELATED BUSINESS INCOME. THE FOUNDATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT WERE MATERIAL TO THE FINANCIAL STATEMENTS AS OF JUNE 30, 2020 OR JUNE 30, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO UNIVERSITY OF MASSACHUSETTS 2,671,217. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B -61,058. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO AGENCY 18,762,413. FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B 61,058. FUNDS RECEIVED FROM UNIVERSITY 25,000. CENTRAL AMERICA 0 0 INVESTMENTS 256303000 EUROPE 0 0 INVESTMENTS 2695000 NORTH AMERICA 0 0 INVESTMENTS 1321000 0 0 0 0 0 0 260319000 0 260319000 1 0 1 1 1 0 PART III ACCOUNTING METHOD: GOLF EVENT 77950 35550 42400 5111 47061 6527 2359 77950 35550 42400 5111 47061 6527 2359 61058 -18658 1 UNIVERSITY OF MASSACHUSETTS 333 SOUTH STREET SUITE 450 SHREWSBURY MA 01545 043167352 115 16623686 0 SEE PART IV 1 0 PART I, LINE 2: DISBURSEMENTS TO THE UNIVERSITY OF MASSACHUSETTS ARE SUBJECT TO THE EXPENDITURE AND DISBURSEMENT POLICIES OF THE UNIVERSITY OF MASSACHUSETTS, INCLUDING ALLOWABILITY, APPROPRIATENESS (BUSINESS PURPOSE, ADEQUATE DOCUMENTATION, AND PROPER APPROVALS), AND DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. PART II, LINE 1, COLUMN (H): DISTRIBUTIONS TO THE UNIVERSITY OF MASSACHUSETTS ARE PROVIDED IN THE FORM OF STUDENT SUPPORT (SCHOLARSHIPS, FELLOWSHIPS, ETC.), FACULTY AND STAFF SUPPORT (ENDOWMENT FACULTY POSITIONS, RESEARCH, PROFESSIONAL DEVELOPMENT), ACADEMIC PROGRAM SUPPORT, AND FACILITIES SUPPORT. 0 0 0 0 0 0 0 1 0 JONATHAN GIBBONS CHIEF INVESTMENT OFFICER 462929 0 37500 0 0 0 103000 0 32157 0 635586 0 0 0 CHARLES J PAGNAM FORMER EXECUTIVE VP 230289 0 0 0 127987 0 26675 0 11028 0 395979 0 0 0 GEOFFREY BOWES MANAGING DIRECTOR, INVESTMENT TEAM 310812 0 0 0 0 0 27504 0 29357 0 367673 0 0 0 JUDITH A MURPHY ASSOC. VP/CONTROLLER 192758 0 0 0 0 0 23131 0 22056 0 237945 0 0 0 LINDA LIANG DIRECTOR OF OPERATIONS 163657 0 0 0 0 0 16366 0 32157 0 212180 0 0 0 SANDY FISHER ASSOC. VP, ADVANCEMENT SYSTEMS 144061 0 0 0 0 0 17287 0 2184 0 163532 0 0 0 CHRISTOPHER YOULDEN SENIOR FINANCIAL ANALYST 134084 0 0 0 0 0 13408 0 5356 0 152848 0 0 0 DANIEL SWARTZ EXEC. DIRECTOR, ADVANCEMENT 129315 0 0 0 0 0 15518 0 22056 0 166889 0 0 0 PART I, LINE 7 THE BONUS TO THE CHIEF INVESTMENT OFFICER, JONATHAN GIBBON, IS SUBJECTIVE AND QUALITATIVE AND IS BASED ON FACTORS SUCH AS LEADERSHIP AND MANAGEMENT. X 17 124107 FMV 0 1 1 PART I, COLUMN (B): FOR THE DONATED SECURITIES, THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: SHARES OF PUBLICLY TRADED SECURITIES CONTRIBUTED BY DONORS ARE TRANSFERRED BY THE DONOR'S CUSTODIAN TO A CUSTODY ACCOUNT MAINTAINED BY THE UNIVERSITY OF MASSACHUSETTS FOUNDATION AT BNY MELLON. BNY MELLON HAS A STANDING ORDER TO SELL SUCH SECURITIES IN A TIMELY AND ORDERLY FASHION AND TO TRANSFER THE PROCEEDS FROM THE SALE TO THE UNIVERSITY OF MASSACHUSETTS FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE PRIOR TO ITS FILING WITH THE IRS AND THEN FORWARDED BY HIM TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT ACKNOWLEDGES THAT THEY HAVE READ AND UNDERSTAND THE POLICY. ON THIS STATEMENT, THEY ARE REQUIRED TO LIST ANY POTENTIAL CONFLICT. RESPONSES ARE GATHERED BY FOUNDATION COUNSEL. FOUNDATION COUNSEL AND THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE REVIEW THE RESPONSES AND IDENTIFY ANY POTENTIAL CONFLICTS. THE DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO SUPPLEMENT THEIR RESPONSES IN THE EVENT THAT ANY ADDITIONAL POTENTIAL CONFLICTS ARISE DURING THE YEAR. WHEN A DIRECTOR OR OFFICER BECOMES AWARE OF A PROPOSED COVERED TRANSACTION UNDER THE POLICY, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: A) IMMEDIATELY DISCLOSE THE EXISTENCE OR CIRCUMSTANCES OF SUCH COVERED TRANSACTION TO THE FOUNDATION'S BOARD OF DIRECTORS IN WRITING; B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE COVERED TRANSACTION; AND C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION EXCEPT TO ANSWER QUESTIONS, INCLUDING BOARD DISCUSSIONS AND DECISIONS ON THE SUBJECT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST -549,445.