2021-04-26T10:40:20-05:00 2020-06-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2019-07-01 237433570 UC RIVERSIDE FOUNDATION % ESSAM ULHAQ UCRI 9518276291 900 UNIVERSITY AVE RIVERSIDE CA 92521 KIMBERLY MCDADE VP FINANCE AND CFO 9518276293 2021-04-20 true SHALINI SAIDHA P01959812 2139724000 2021-04-20 2019 2022-09-23 18:48:47Z KIMBERLY MCDADE 900 UNIVERSITY AVENUE 1136 HINDERA RIVERSIDE CA 92521 191040809 false X HTTP://FOUNDATION.UCR.EDU X 1974 CA TO SUPPORT EDUCATIONAL, RESEARCH, AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 35 35 0 44 17 -1579 10605778 18403146 0 0 18156593 6229346 0 0 28762371 24632492 10629133 12763522 0 0 0 0 0 0 0 657382 529844 11286515 13293366 17475856 11339126 189167944 204662854 2365170 2572719 186802774 202090135 TO SUPPORT EDUCATIONAL, RESEARCH AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. false false 11039661 11039661 SCHOLARSHIPS, FELLOWSHIPS, AWARDS AND OTHER SUPPORT OF FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 1823861 1723861 THE FOUNDATION RECEIVES, RECORDS AND MANAGES GIFTS FROM INDIVIDUALS, CORPORATIONS, ORGANIZATIONS AND FOUNDATIONS FOR THE SOLE BENEFIT OF UC RIVERSIDE IN ACCORDANCE WITH DONORS' WISHES. THE FOUNDATION PAYS A PERCENTAGE OF GIFTS RECEIVED, REFERRED TO AS GIFT FEES, AND A PERCENTAGE OF ENDOWMENT EARNINGS, KNOWN AS ENDOWMENT FEES, TO UC RIVERSIDE TO OFFSET THE CAMPUS COSTS OF ADMINISTERING AND CARRYING OUT THE TERMS OF THE ENDOWMENT AND TO HELP SUPPORT COSTS OF THE CAMPUS AND IN PARTICULAR THOSE RELATED TO ADVANCEMENT. 12863522 true true false true false false false false false true false true false false true false true true false false false false false false false false false true false true false false false false false false false false true false false false false true true false false false true 0 0 true 0 true true false false false false false false false false false false false X 35 35 true false false false false false false true true false false true true true true true true false false false CA X X ESSAM ULHAQ 9518276293 1136 HINDERAKER HALL RIVERSIDE CA 92521 X X KIM A WILCOX EX-OFFICIO TRUSTEE 1.0 0.0 X 0 437313 25647 PETER A HAYASHIDA PRESIDENT 1.0 0.0 X 0 369193 25647 KIM MCDADE VP FINANCE AND CFO 1.0 0.0 X 0 181638 19757 MARIE SCHULTZ EXECUTIVE VP (AS OF 1/9/20) 1.0 0.0 X 0 188346 0 HIEU NGUYEN EXECUTIVE VP (THRU 7/3/19) 1.0 0.0 X 0 164973 10017 ESSAM ULHAQ ASSOCIATE TREASURER 1.0 0.0 X 0 124579 20187 Patricia D Kohlmeier Secretary thru 12/31/19 1.0 0.0 X 0 131654 0 SHARILYN BERRY SECRETARY (AS OF 1/9/20) 1.0 0.0 X 0 57500 0 SUSAN ATHERTON CHAIR 1.0 0.0 X X 0 0 0 DARIN ANDERSON IMMEDIATE PAST CHAIR 1.0 0.0 X X 0 0 0 ERIK ANDERSON TREASURER 1.0 0.0 X X 0 0 0 WALLY BAKARE ELECTED MEMBER 1.0 0.0 X 0 0 0 GORDON BOURNS ELECTED MEMBER 1.0 0.0 X 0 0 0 ALLISON CAMPBELL ELECTED MEMBER 1.0 0.0 X 0 0 0 ROCHELLE A CAMPBELL ELECTED MEMBER 1.0 0.0 X 0 0 0 KRISTIN CRELLIN ELECTED MEMBER 1.0 0.0 X 0 0 0 GLEN GRAYMAN ELECTED MEMBER 1.0 0.0 X 0 0 0 TIMOTHY GREENLEAF ELECTED MEMBER 1.0 0.0 X 0 0 0 THOMAS HAIDER ELECTED MEMBER 1.0 0.0 X 0 0 0 BRIAN HAWLEY CHAIR ELECT 1.0 0.0 X 0 0 0 IRVING G HENDRICK ELECTED MEMBER 1.0 0.0 X 0 0 0 DALLAS HOLMES ELECTED MEMBER 1.0 0.0 X 0 0 0 S SUE JOHNSON ELECTED MEMBER 1.0 0.0 X 0 0 0 JEFFREY A KLEIN ELECTED MEMBER 1.0 0.0 X 0 0 0 WING LAU ELECTED MEMBER 1.0 0.0 X 0 0 0 JOHN LEONARD ELECTED MEMBER 1.0 0.0 X 0 0 0 JAMES LIN ELECTED MEMBER 1.0 0.0 X 0 0 0 AGENOR MAFRA-NETO ELECTED MEMBER 1.0 0.0 X 0 0 0 JUDITH POSNIKOFF ELECTED MEMBER 1.0 0.0 X 0 0 0 MARK RUBIN ELECTED MEMBER 1.0 0.0 X 0 0 0 MARY SCHULER ELECTED MEMBER 1.0 0.0 X 0 0 0 RONALD W STOVITZ ELECTED MEMBER 1.0 0.0 X 0 0 0 WALTER STEWART ELECTED MEMBER 1.0 0.0 X 0 0 0 CAROL A STRATFORD ELECTED MEMBER 1.0 0.0 X 0 0 0 JANET DAVIS ELECTED MEMBER 1.0 0.0 X 0 0 0 DAVID TSAI ELECTED MEMBER 1.0 0.0 X 0 0 0 KATHERINE WRIGHT ELECTED MEMBER 1.0 0.0 X 0 0 0 KARL HICKS EX-OFFICiO 1.0 0.0 X 0 0 0 JEFF KRYNSKI EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 EDWIN ALLEN ELECTED MEMBER (AS OF 7/1/19) 1.0 0.0 X 0 0 0 BEVERLY BAILEY ELECTED MEMBER (AS OF 7/1/19) 1.0 0.0 X 0 0 0 WILLIAM DAHLING ELECTED MEMBER (AS OF 7/1/19) 1.0 0.0 X 0 0 0 NORA HACKETT ELECTED MEMBER (AS OF 7/1/19) 1.0 0.0 X 0 0 0 DAVID HADLEY ELECTED MEMBER (AS OF 7/1/19) 1.0 0.0 X 0 0 0 JAMES MERINO ELECTED MEMBER (AS OF 7/1/19) 1.0 0.0 X 0 0 0 MATT D LYONS ELECTED MEMBER thru 12/31/19 1.0 0.0 X 0 0 0 0 1655196 101255 0 false true false GRAYSTONE CONSULTING 1999 AVENUE OF THE STARS SUITE 240 LOS ANGELES CA 90067 INVESTMENT SERVICES 115842 1 18403146 2798369 18403146 0 1351124 17 1351107 0 0 0 0 0 171283665 2874 166408317 0 4875348 2874 4878222 4878222 0 0 0 0 0 0 0 0 0 0 24632492 17 6229329 12763522 12763522 0 0 0 0 0 0 0 0 0 0 0 18709 18709 100000 100000 0 307562 307562 45347 45347 0 28846 28846 0 0 0 0 0 29135 29135 0 0 0 0 OTHER EXPENSES 245 245 13293366 12863522 429844 0 X 5011936 1452497 11238829 5898340 3980147 2306526 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 145825279 569488 23041094 194436003 0 0 0 0 70659 0 189167944 204662854 1829606 2043628 0 0 0 0 0 0 0 0 0 0 0 0 0 0 535564 529091 2365170 2572719 X 0 0 0 0 186802774 202090135 186802774 202090135 189167944 204662854 X 11339126 3696966 251269 X false true X true false X 14188742 15056759 11645251 10605778 18403146 69899676 0 0 14188742 15056759 11645251 10605778 18403146 69899676 14321789 55577887 3420273 2622104 3525395 6130224 1351124 17049120 0 10100 50000 248526 0 0 308626 87257422 0.63694 0.46877 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 100000 false false false 100000 false false GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES FORM 990, SCHEDULE C, PART II-B, LINE 1(F) THE ORGANIZATION MADE A CONTRIBUTION IN THE AMOUNT OF $100,000 TO YES ON PROPOSITION 13- CALIFORNIA COALITION FOR PUBLIC HIGHER EDUCATION. 176553196 14895935 9861009 6205894 1586455 321557 193196234 172109725 9179677 2480330 5387671 1336168 492697 176553196 157642758 7300839 13738306 5029895 1071954 470329 172109725 129801301 9498927 25024368 5228665 1116392 336781 157642758 133266420 8799682 -6525748 4304208 1033866 400979 129801301 0.07460 0.64010 0.28530 false false BALANCED FUNDS 177486242 F ABSOLUTE RETURN AND HEDGE FUND 8429548 F PRIVATE EQUITY 8437730 F EXCHANGE TRADED PRODUCTS 80521 F OTHER 1962 F 194436003 0 LIABILITIES LIFE BENEFICIARIES 202146 DEFERRED INFLOWS-SPLIT INTERES 326945 529091 28273165 3696966 251269 3948235 24324930 307562 307562 24632492 12985804 12985804 307562 307562 13293366 INTENDED USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENTS PROVIDE FINANCIAL SUPPORT FOR VARIOUS UC RIVERSIDE SCHOOLS AND PROGRAMS, INCLUDING RESEARCH, STUDENT SCHOLARSHIPS AND FELLOWSHIPS, INSTRUCTIONAL SUPPORT, EQUIPMENT PURCHASES, CAPITAL IMPROVEMENTS AND EDUCATION. false REGENTS OF THE UNIV OF CA RIVERSIDE 900 UNIVERSITY AVENUE RIVERSIDE CA 92521 956006142 STATE OF CA 12763522 N/A N/A SUPPORT UNIV. PROG. 1 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 THE UC RIVERSIDE FOUNDATION IS THE PRIMARY DEPOSITORY OF DONATIONS RECEIVED TO SUPPORT UC RIVERSIDE. GIFTS PROCESSED BY THE UC RIVERSIDE FOUNDATION INCLUDE 100% TAX DEDUCTIBLE DONATIONS PLUS MEMBERSHIP AND SPECIAL EVENTS PROCEEDS IN WHICH A PORTION OF THE CONTRIBUTIONS RECEIVED MAY INCLUDE QUID PRO QUO ITEMS. CONTRIBUTIONS AS NOTED ABOVE ARE TRANSFERRED TO THE UC RIVERSIDE CAMPUS AS GRANTS. THE CAMPUS USES THE GRANTS TO MAKE DISTRIBUTIONS FOR THE PURPOSE THE CONTRIBUTIONS WERE GIVEN AND IN COMPLIANCE WITH UNIVERSITY OF CALIFORNIA POLICIES. THESE DISTRIBUTIONS ARE FOR SCHOLARSHIPS AND FELLOWSHIPS, RESEARCH, SPECIAL EVENTS COSTS, OTHER PROGRAM COSTS, ETC. ENDOWMENT SPENDING PROVIDED FROM THE UC RIVERSIDE FOUNDATION'S ENDOWMENT IS GRANTED TO THE UC RIVERSIDE CAMPUS AND IS EXPENDED BY THE CAMPUS IN THE SAME MANNER. ALL SUCH EXPENDITURES OF THE GIFT FUNDS ARE INCURRED BY THE CAMPUS WITHIN THE UNIVERSITY'S ACCOUNTING SYSTEM AND ARE NOT REFLECTED ON THE FOUNDATION'S ACCOUNTING RECORDS. false false false false false false false false false KIM A WILCOX EX-OFFICIO TRUSTEE 0 437313 0 0 0 0 0 0 0 25647 0 462960 0 0 PETER A HAYASHIDA PRESIDENT 0 369193 0 0 0 0 0 0 0 25647 0 394840 0 0 HIEU NGUYEN EXECUTIVE VP (THRU 7/3/19) 0 164973 0 0 0 0 0 0 0 10017 0 174990 0 0 KIM MCDADE VP FINANCE AND CFO 0 181638 0 0 0 0 0 0 0 19757 0 201395 0 0 MARIE SCHULTZ EXECUTIVE VP (AS OF 1/9/20) 0 188346 0 0 0 0 0 0 0 0 0 188346 0 0 SCHEDULE J RELATED ENTITY DISCLOSURE WHILE THE REGENTS IS NOT A RELATED ENTITY UNDER THE DEFINITION IN FORM 990, GIVEN THE RELATIONSHIP BETWEEN THE REGENTS AND THE CAMPUS FOUNDATION, THE FOUNDATION REPORTS THE REGENTS AS A RELATED ENTITY FOR THE SAKE OF TRANSPARENCY. X 13 2798369 AVG price Dntn date false true true NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN (B), LINE 9 THE NUMBER OF CONTRIBUTIONS REPORTED IS BASED ON THE NUMBER OF DONATIONS RECEIVED FROM CONTRIBUTORS. FAMILY OR BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 2 ALLISON CAMPBELL AND ROCHELLE A. CAMPBELL HAVE A FAMILY RELATIONSHIP. DISCLOSURE FOR POLICIES FORM 990, PART VI, SECTION B THE UC RIVERSIDE FOUNDATION IS REQUIRED TO COMPLY WITH THE POLICIES OF THE UNIVERSITY OF CALIFORNIA. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE FOUNDATION'S BOARD OF TRUSTEES. DURING THE REVIEW THE COMMITTEE MEMBERS HAVE THE OPPORTUNITY TO ASK QUESTIONS OF THE FOUNDATION'S ACCOUNTING STAFF AND/OR THE ACCOUNTING FIRM PREPARING THE RETURN. A COMPLETE COPY OF THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD BEFORE IT IS FILED. MONITORING CONFLICTS OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY - THE UC RIVERSIDE FOUNDATION HAS A CONFLICT OF INTEREST STATEMENT WHICH MUST BE COMPLETED BY BOARD MEMBERS, OFFICERS AND STAFF MEMBERS IN DECISION-MAKING ROLES ANNUALLY. THE CONFLICT OF INTEREST STATEMENT IS AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT. THE ANNUAL STATEMENTS ARE REVIEWED BY THE PRESIDENT AND CHIEF FINANCIAL OFFICER WHO MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST. ANY POTENTIAL OR ACTUAL CONFLICTS ARE DISCLOSED TO THE CHAIR OF THE BOARD OF TRUSTEES IN ORDER TO ADDRESS THEM APPROPRIATELY. A DETERMINATION IS THEN MADE TO: (A)TAKE NO ACTION; (B)ASSURE FULL DISCLOSURE TO THE BOARD OF TRUSTEES AND OTHER INDIVIDUALS COVERED BY THE POLICY; (C)ASK THE MEMBER OR STAFF PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS; OR (D)ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION ON THE BOARD OR IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL. FORM 990 PART VI, SECTION B, LINES 15A & 15B PROCESS OF DETERMINING COMPENSATION OF THE CEO AND OTHER OFFICERS NO OFFICERS OR OTHER EMPLOYEES RECEIVED ANY COMPENSATION FROM THE FILING ORGANIZATIONS (E.G., FOUNDATION) DURING FY20. ALL ARE EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA, RIVERSIDE AND ARE COMPENSATED BY THE UNIVERSITY. SENIOR MANAGEMENT INCLUDING THE CHANCELLOR, ARE COMPENSATED IN ACCORDANCE WITH UNIVERSITY OF CALIFORNIA REGENTS' POLICY 7701. A NUMBER OF FACTORS ARE CONSIDERED IN DETERMINING FAIR AND REASONABLE COMPENSATION INCLUDING: PERFORMANCE,PEER COMPARABILITY DATA, EXTERNAL MARKET COMPARABILTY, SCOPE AND BREADTH OF EXPERIENCE AND RESPONSIBILITIES. COMPENSATION OF THE CHANCELLOR IS APPROVED BY THE REGENTS. PUBLICLY REQUIRED INFORMATION FORM 990, PART VI, SECTION B, LINE 18 THE UC RIVERSIDE FOUNDATION POSTS ITS FORM 990 ON ITS WEBSITE. IT MAKES AVAILABLE ITS FORM 1023 APPLICATION AND ITS FORM 990-T UPON REQUEST. OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, BYLAWS, FINANCIAL STATEMENTS AND THE CONFLICT OF THE INTEREST POLICY STATEMENT ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII AND SCHEDULE J WHILE THE REGENTS IS NOT A RELATED ENTITY UNDER THE DEFINITION IN FORM 990, GIVEN THE RELATIONSHIP BETWEEN THE REGENTS AND THE CAMPUS FOUNDATION, THE FOUNDATION REPORTS THE REGENTS AS A RELATED ENTITY FOR THE SAKE OF TRANSPARENCY. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 ADJUSTMENT FOR PRIOR YEAR RETURNED GRANTS 251,269 ------------- TOTAL $ 251,269 REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN STREET OAKLAND CA 94607 943067788 EDUCATION CA STATE OF CA false UNIVERSITY OF CALIFORNIA RIVERSIDE 900 UNIVERSITY AVE RIVERSIDE CA 92521 956006142 EDUCATION CA 501(C)(3) 2 UC REGENTS false CHARITABLE REMAINDER UNITRUST (4) TRUST CA UCRF Trust true false true false false false false false false false false false false true true true false false false false