2020-05-14T23:25:58-07:00 2019-06-30 990 2018-07-01 990085260 UNIVERSITY OF HAWAII FOUNDATION UNIV 8083767800 1314 South King Street Suite B Honolulu HI 96814 Kara Shibata Controller 8083767800 2020-05-15 72.235.6.46 2018 2020-11-19 02:30:22Z Jason Ono CFO 1314 South King Street Suite B Honolulu HI 96814 117331966 0 X www.uhfoundation.org X 1955 HI The University of Hawai'i Foundation (UHF) was established in 1955 to encourage private support for UH. Today it is the central fundraising organization for the UH System, providing professional fundraising and alumni engagement services to all 10 UH campuses. To date, the nonprofit UHF has raised more than $1 billion to support UH students, faculty, research and facilities. UHF has a number of specialists on staff to provide comprehensive fundraising and alumni engagement services. Expertise areas include major gifts, corporate and foundation giving, annual giving, donor stewardship, charitable tax and estate and gift planning. In addition to fundraising, UHF manages the $300+ million endowment for UH, ensuring prudent growth. The team also manages investments related to planned giving, including charitable gift annuities and charitable remainder trusts. 31 31 229 31 -983062 0 55282041 53711307 0 0 7445306 9371056 4638594 4462177 67365941 67544540 13855666 15524668 0 0 10811896 10699979 63456 199490 8569445 36218760 33819726 60949778 60243863 6416163 7300677 595960196 543347710 35460692 34312172 560499504 509035538 To unite donors' passions with the University of Hawai'i's (UH) aspirations by raising philanthropic support and managing private investments to benefit UH, the people of Hawai'i and our future generations. 0 0 11396655 0 0 RESEARCH - Scientific, technical, humanistic investigation, individual and/or project research as well as grants for institutes and research centers. The University of Hawai'i Foundation (UHF) helps fuel research and innovation through strategic philanthropic investments. Private support plays a critical role in enabling UH researchers to tackle our world's challenges and improve our quality of life. With its unique geographic location in the middle of the Pacific Ocean, the rich ethnic diversity and environmental attributes, UH has become a globally recognized leader for its pioneering research in fields such as oceanography, volcanology, astronomy, Pacific Islands and Asian area studies, tropical agriculture, cancer and genetics. Its highly ranked active research programs serve as a magnet for leading researchers, building UH centers of excellence in areas including microbiomes, endangered and rare plant conservation and climate change. 10886533 0 STUDENT AID AND SERVICES - UHF raises and distributes money for student aid, scholarships, fellowships, grants and awards to help students fulfill their academic potential and ensure our state has the skilled professionals it needs to flourish. These include merit-based scholarships, need-based scholarships, study abroad opportunities and programs that help build international bridges and cultural versatility. Fellowships help UH attract and retain outstanding students whose research and contributions to our world are key to a vibrant future. 7813185 0 SPECIAL PROGRAMS - Donor designated accounts support a range of academic and non-academic initiatives/programs. These include visiting distinguished lecturers and professorships, computer lab support, facilities funds, intramural sports, outreach programs that support lifelong learning and community education, health fairs, workshops, band and mentorship programs. Through fundraising and account management, UHF is a partner in capital improvement projects to bring state-of-the-art facilities, technology and equipment to campuses statewide. Quality facilities and expertly-curated resources nurture healthy learning and productive collaboration. From business education to advanced culinary training, donors are helping open up world-class opportunities and facilities to Hawai'i students. Private funds make it possible for our public university to bring distinguished visiting lecturers and researchers to our campuses. Examples include bringing some of the world's most highly regarded cancer researchers to work collaboratively in our research laboratories with UH scientists. While they are here, the prominent researchers, including Nobel laureates, deliver a major lecture at the University of Hawai'i Cancer Center. Private support funds this extraordinary opportunity for UH faculty, students and staff, to meet and interact with some of the most prominent scientists whose work has saved many lives and establish research collaborations with them. Other distinguished lecture series support Hawai'i's dialogue with the rest of the world in areas including local entrepreneurship, international women's leadership, global technology, the integration of science and culture, and indigenous language/cultural issues. 15228193 0 Donations made through UHF nurture programs that improve our lives and help create a healthy, sustainable future for Hawai'i's residents. From athletics, farming, lifelong learning opportunities, theatre and the arts - UH offers a wide range of programs that enrich the cultural landscape of Hawai'i and grow UH as a community hub for innovative and publicly accessible programs that benefit us all. 15228193 0 0 45324566 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 403 0 1 229 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 X 31 31 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 HI X X X Kara Shibata 8083767800 1314 South King Street Suite B Honolulu HI 96814 Catherine Ngo Chairman 0.5 0 X X 0 0 0 Richard Wacker Vice Chair 0.5 0 X X 0 0 0 Stanford Carr Vice Chair 0.5 0 X X 0 0 0 Ted Pettit Treasurer 0.5 0 X X 0 0 0 Marivic Dar Secretary 0.5 0 X X 0 0 0 Alan Arakawa Trustee 0.5 0 X 0 0 0 C Scott Wo Trustee 0.5 0 X 0 0 0 Christine Chee-Ruiter Trustee 0.5 0 X 0 0 0 Diane Paloma Trustee 0.5 0 X 0 0 0 Elliot Loden Trustee 0.5 0 X 0 0 0 Eric Martinson Trustee 0.5 0 X 0 0 0 Herbert Conley Trustee 0.5 0 X 0 0 0 Jackson Nakasone Trustee 0.5 0 X 0 0 0 James Pappas Trustee 0.5 0 X 0 0 0 James Lally Trustee 0.5 0 X 0 0 0 Kathleen Kagawa Trustee 0.5 0 X 0 0 0 Ken Miller Trustee 0.5 0 X 0 0 0 Kent Youel Trustee 0.5 0 X 0 0 0 Lawrence Taff Trustee 0.5 0 X 0 0 0 Lori Teranishi Trustee 0.5 0 X 0 0 0 Louise Ing Trustee 0.5 0 X 0 0 0 Mary Sellers Trustee 0.5 0 X 0 0 0 Michael Hirai Trustee 0.5 0 X 0 0 0 Peter Fukunaga Trustee 0.5 0 X 0 0 0 Peter Grossman Trustee 0.5 0 X 0 0 0 Ritchie Mudd Trustee 0.5 0 X 0 0 0 Rosita Leong Trustee 0.5 0 X 0 0 0 Sean Sugai Trustee 0.5 0 X 0 0 0 Susan Murray Trustee 0.5 0 X 0 0 0 Michael May Trustee 0.5 0 X 0 0 0 William Grayson Trustee 0.5 0 X 0 0 0 Tim Dolan President/CEO 40 0 X X 0 0 0 Donna Vuchinich President thru 11/2018 40 0 X X 380638 0 58357 John Han VP/Chief Operating Officer 40 0 X X 0 0 0 Paul Kobayashi Asst Treasurer/VP Admin/CFO thru 4/2019 40 0 X X 209056 0 27875 Janet Bullard VP Marketing and Communication thru 4/2019 40 0 X X 204382 0 61602 Hugh Jones Assistant Secretary/In-House Attorney 40 0 X X 72053 0 14584 Shari Walsh Asst Secretary/Exec Assistant to President thru 7/2019 40 0 X 59324 0 19396 Charlene Mitsuda Asst Secretary/Exec Assistant to VP-Admin/CFO thru 6/2018 40 0 X 23116 0 4507 Jason Ono Assistant Treasurer/CFO 40 0 X X 164496 0 38185 Kara Shibata Assistant Treasurer/Controller 40 0 X 37734 0 6488 Sarah Nakagawa Assistant Treasurer/Controller thru 3/2018 40 0 X 40481 0 9292 Jung Song Associate VP of Corporate and Foundation Relations 40 0 X 146412 0 33495 Julie Levine Executive Director of Development - Law School 40 0 X 143308 0 23265 Elaine Evans Director of Development, John A Burns School of Medicine 40 0 X 136010 0 47345 Michael Coppes Senior Executive Director of Estate and Gift Planning 40 0 X 139520 0 47851 Eric Valdescaro Director of Advancement Services 40 0 X 134039 0 6170 Brandt Farias Trustee 0 0 X 0 0 0 Elizabeth Hokada Trustee 0 0 X 0 0 0 Michael Tresler Trustee 0 0 X 0 0 0 Robert Hiam Trustee 0 0 X 0 0 0 William Richardson Trustee 0 0 X 0 0 0 1890569 0 398412 9 1 1 0 Cambridge Associates LLC 100 Summer Street Boston MA 02110 investment services 452815 KPMG LLP 1003 Bishop Street Unit 2100 Honolulu HI 96813 accounting services 149215 2 0 261640 1099895 0 0 52349772 2688327 53711307 0 5738076 6729769 -991693 0 0 0 0 0 50343 50343 0 0 63097 0 54128 0 8969 0 8969 338 8631 0 52123014 342904 48395938 437000 3727076 -94096 3632980 3632980 0 0 1070382 1070360 900360 170022 0 170022 Service Contract - UH 900099 3341406 3341406 0 0 Special Events 900099 14860 14860 0 0 Memberships 900099 334828 334828 0 0 541749 541749 0 0 4232843 67544540 14646273 -983062 170022 0 0 15148076 15148076 376592 376592 0 0 1890567 0 1325318 565249 0 0 0 0 6734491 7667 1552482 5174342 789262 0 264028 525234 692320 33 243078 449209 593339 121 198484 394734 0 0 0 0 94578 0 69000 25578 209441 0 209441 0 162410 162410 0 0 199490 199490 1018132 0 1018132 0 2169386 1981453 122345 65588 1005447 761605 154440 89402 2203723 1906505 140768 156450 5039 0 1915 3124 0 0 0 0 588868 69644 419683 99541 2679069 2503464 89672 85933 0 0 0 0 1960261 1719970 38737 201554 0 0 0 0 0 0 0 0 195166 0 123344 71822 156655 11805 79532 65318 UH Programs Assistance 16360530 16360530 0 0 Miscellaneous Protocol 1724878 1676027 14053 34798 Gift Premium/Recognition 67153 67153 0 0 Student Awards/Academic Excellence 386965 386965 0 0 2832025 2184546 285400 362079 60243863 45324566 6349852 8569445 5943873 14967338 2567818 4803293 41869952 35811213 0 0 0 0 0 0 76968 163941 0 0 140709 372636 12229056 1842575 10543768 10386481 183836264 191751083 249496670 247939537 0 0 101484174 37152188 595960196 543347710 10074232 8553020 0 0 0 0 0 0 0 25386460 25759152 35460692 34312172 X -663535 4639887 204779761 207745223 356383278 296650428 560499504 509035538 595960196 543347710 7300677 -58764643 0 0 0 0 X 0 1 X 1 0 X 82225409 41408112 95727163 55282041 53711306 328354031 0 0 0 0 0 0 354786 365429 376392 387684 265816 1750107 82580195 41773541 96103555 55669725 53977122 330104138 330104138 5076157 5105388 4338498 5207604 5566478 25294125 253282 99883 0 30145 0 383310 15516797 5654618 15084804 6798955 8149285 51204459 406986032 0 0.81109 0.80804 X Schedule A, Part II, Line 10 Other income consists of fundraising events and fees, honoraria/services, royalties and other miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 162410 162410 0 162410 32482 8121 0 129928 0 16750 20950 21250 32482 91432 137148 83750 104750 106250 162410 457160 4188 5238 5313 8121 22860 34290 0 0 0 0 0 321039892 12539154 4945653 0 0 11531262 326993437 294688609 18917155 18379605 0 0 10945477 321039892 259182813 18651593 31553466 0 0 14699263 294688609 267384686 11997767 -3682992 0 0 16516648 259182813 261070433 18532753 3456297 0 0 15674797 267384686 0.21 0.79 0 1 0 2006330 0 2006330 8377175 0 194012 8183163 69491 0 56448 13043 1711639 0 1527694 183945 64421 0 64421 0 10386481 Domestic Equity 32109762 F International Equity 42703738 F Hedge Funds 107618585 F Private Equity Securities 36204356 F Natural Resources/Real Estate 29303096 F 247939537 Accrued Interest/Dividend Receivables 362183 Other Receivables 677677 Due from UH 496075 Due from Affliates 615500 Due to Affiliates -615500 Perpetual Trusts 11688686 Beneficial Interests in CRTs 4761232 Remainder Ownership Interests 15466620 Cash Surrender Value of Insurance 192582 Gifts of Real Estate 3000964 Gifts of Securities 506169 37152188 0 Payroll Taxes & Benefits 406979 Other Liabilities 261441 Mortgage Loan 8200000 Split-Interest Agreements 12528531 Amounts Held For Others 4362201 25759152 X 8982051 -58764644 265816 0 954471 -57544357 66526408 1018132 0 1018132 67544540 60446017 265816 0 0 954470 1220286 59225731 1018132 0 1018132 60243863 Schedule D, Part V, Line 4 Endowments are managed for prudent growth to ensure the returns provide for program support plus inflation. The present and future revenue streams that endowed funds generate allow UH to hire faculty, implement programs, advance research and support outstanding students. Schedule D, Part X, Line 2 UHF recognizes the effect of Income Tax. Schedule D, Part XI, Line 2d Rental and special event direct expenses netted against related revenue. Schedule D, Part XII, Line 2d Rental and special event direct expenses netted against related revenue. Middle East and North Africa Grant funding used to promote progress of microbial oceanography 376592 wire transfer 0 1 0 0 0 0 0 0 Schedule F, Part II, Line 1 Calculation of grant totals are based on actual wire payments made during the fiscal year. X X X X X X X 1 Marts & Lundy 1200 Wall Street West Lyndhurst NJ 07071 professional fundraising consultant services 0 199490 199490 0 199490 199490 0 AK AL AR AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA 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 Celebrate A Legacy In Tourism 301640 222615 79025 0 0 0 0 0 37000 19th Annual College of Engineering Dinner 238000 183435 54565 0 0 0 0 0 62740 38 1456341 679489 776852 0 0 0 0 0 575998 1995981 1085539 910442 0 0 0 0 0 675738 675738 234704 1 University of Hawai'i 2500 Campus Road Honolulu HI 96822 996000354 State of Hawai'i 9750186 University support, research, scholarship and awards. 0 1 Scholarships and grants, including stipends and travel awards. 354 1083405 book value Schedule I, Part I, Line 2 UHF has policies in place for providing grant funds to students in the form of scholarships, travel grants and awards. Generally, scholarship and fellowship payments specifically intended to cover items related to cost of attendance are processed through the UH's system. UHF will pay scholarships and fellowships to students directly in relation to travel, materials and/or research. All payment requests must comply with UHF's account administration policy in order to be processed. X 1 1 X X X 0 0 0 1 0 1 0 0 0 Donna Vuchinich President 322919 0 54450 0 3269 0 50185 0 8172 0 438995 0 438250 0 Janet Bullard VP Marketing and Communication thru 4/2019 195964 0 10000 0 -1582 0 53048 0 8555 0 265985 0 197930 0 Paul Kobayashi Asst Treasurer/VP Admin/CFO thru 4/2019 183724 0 27401 0 -2069 0 25257 0 2618 0 236931 0 222159 0 Jason Ono Assistant Treasurer/CFO 155895 0 9167 0 -566 0 30878 0 7307 0 202681 0 0 0 Michael Coppes Senior Executive Director of Estate and Gift Planning 130173 0 11097 0 -1750 0 39270 0 8581 0 187371 0 124600 0 Elaine Evans Director of Development, John A Burns School of Medicine 128063 0 6357 0 1590 0 38243 0 9102 0 183355 0 130818 0 Jung Song Associate VP of Corporate and Foundation Relations 143271 0 5552 0 -2411 0 24903 0 8592 0 179907 0 143627 0 Julie Levine Executive Director of Development - Law School 143392 0 0 0 -85 0 15094 0 8171 0 166572 0 139820 0 Schedule J, Part I, Line 1a Private business club membership is provided to the President and certain staff for business use. Schedule J, Part I, Line 5 An incentive program is in place for key individuals. It is based on quantitative and qualitative factors. One of several quantitative factors is funds raised. Schedule J, Part I, Line 6 An incentive program is in place for key individuals. It is based on quantitative and qualitative factors. One of several quantitative factors is funds raised and net operating results. X 51 757395 FMV X 18 1002187 FMV X 4 928745 FMV X 59 36725 FMV X 48 64350 FMV X GE Ultrasound System 1 15725 PURCHASE PRICE 7 0 1 1 Schedule M, Part I, Line 32b UHF used Kokua in Kind, Merrill Lynch and Charles Schwab to process and sell non-cash contributions. Form 990, Part VI, Section A, Line 2 Officers, directors, trustees and key employees have family or business relationships with another due to the nature of business in Hawaii. Relationships were identified as part of an annual questionnaire and transactions occurred in the ordinary course of business on terms offered to the public. Form 990, Part VI, Section A, Line 4 The UH Foundation Bylaws were amended to make the UH President a voting trustee on the UH Foundation board. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the Controller of UHF and reviewed by the CFO, Senior Executive Director of Communications and the General Counsel prior to presentation of a final draft to the Audit Committee of the Board of Trustees to review and approve. Upon approval, the return is filed and signed off electronically by the CFO. The Form 990 is available on Guidestar and on UHF's website, as well as upon request. Form 990, Part VI, Section B, Line 12c UHF has a conflict of interest policy for employees and a separate form for Trustees. In accordance with both policies, all employees and Trustees are required to complete and certify an "Annual Conflict of Interest Form" at the beginning of the fiscal year. The information is compiled by the General Counsel. Any potential conflicts with regard to Trustees are brought to the attention of the CFO, COO and President, and brought to the Board of Trustee's Audit Committee to approve or disapprove the conflict of interest. Form 990, Part VI, Section B, Line 15 Annually, UHF benchmarks the salaries of the President/Chief Executive Officer and other senior management positions at other institutionally related foundations nationwide, as well as nonprofits within the State of Hawai'i. This is done through research of 990s and through salary surveys of various professional organizations. The Executive Committee of the Board of Trustees uses this data in conjunction with an assessment of individual job performance to determine the appropriate compensation adjustments for the President/CEO and Vice Presidents of the organization. The documentation of these decisions is provided to and filed with the Human Resources Department. Form 990, Part VI, Section C, Line 19 UHF has a public information policy. This policy sets out the practices of UHF regarding disclosure of information and describes the extent and nature of those materials which will be made available to the public. UHF provides access to the following documents on its website: Form 990 tax return for the previous three years, IRS tax determination letter, Articles of Incorporation, Annual Report. The Form 990 tax return may also be viewed on Guidestar. Also available on the website is a listing of UHF's Board of Trustees and UHF Staff. The Conflict of Interest Policy and other governing documents outlined in the Public Information Policy that are not on the website are available upon request. UHF Atherton Student Housing LLC 1314 South King Street Suite B Honolulu HI 96814 Real Estate HI 348081 7991637 UH Foundation UHF Support Inc 1314 South King Street Suite B Honolulu HI 96814 262825368 Support for University of Hawaii Foundation HI 501(c)(3) 509(a)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule R, Part I One of the Trustees is a key employee at a publicly traded bank where the Foundation has a purchase money mortgage to purchase and develop real estate for the benefit of the University of Hawaii. The loan was negotiated in an arm's length transaction and conducted in the ordinary course of the bank's business on the same terms it offers to the general public. The real estate and loan activities are recorded on the books of UHF Atherton Student Housing LLC. The organization did not enough information to file a complete and accurate return.