2020-04-13T13:40:06-05:00 2019-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2018-07-01 420796760 STATE UNIVERSITY OF IOWA FOUNDATION DBA UNIV OF IOWA CENTER FOR ADVANCEMENT STAT 3193353305 PO BOX 4550 IOWA CITY IA 522444550 SHERRI P FURMAN VP, CFO, TREASURER 3193353305 2020-04-13 1 CARLEY UMSTEAD P00982177 3192985333 63.152.122.11 2020-04-13 11:22:43 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A57D8E88FA5E22D61C76A627600F0C8E385C8FF1 2018 2020-11-06 18:47:13Z LYNETTE L MARSHALL PO BOX 4550 IOWA CITY IA 52242 219593609 0 X WWW.FORIOWA.ORG X 1956 IA SEE SCHEDULE O FOR MISSION STATEMENT 31 30 326 33 1956497 0 132762336 137609644 13944476 15787054 9644602 10793140 -922734 3588771 155428680 167778609 117100372 131750155 0 0 23374554 25872242 883359 883355 16441943 5876935 6781086 147235220 165286838 8193460 2491771 1549929675 1587579883 117994292 110842385 1431935383 1476737498 X SEE SCHEDULE O FOR MISSION STATEMENT 0 0 133562546 131750155 16957511 GRANTS PROVIDE RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT AND FACULTY SUPPORT, RESEARCH, CAPITAL PROJECTS, AND PROGRAM SUPPORT 1441127 0 211828 STRENGTHEN THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT EFFORTS WITH ALUMNI AND DONORS. 135003673 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 83 0 1 326 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK CA CO DC GA KY LA MA MD ME MI MN NH NJ NV NY OH OR PA SC UT WA WI WV X SHERRI FURMAN 3193353305 PO BOX 4550 IOWA CITY IA 522444550 DALE E BAKER DIRECTOR 1.00 X 0 0 0 P SUE BECKWITH MD DIRECTOR 1.00 X 0 0 0 JAMES W CARNEY DIRECTOR 1.00 X 0 0 0 ANDREW W CODE DIRECTOR 1.00 X 0 0 0 RALPH H CONGDON UNTIL 1118 DIRECTOR 1.00 X 0 0 0 KATHLEEN A DORE CHAIR/DIRECTOR 1.00 X X 0 0 0 JANICE R ELLIG DIRECTOR 1.00 X 0 0 0 DAVID J FISHER DIRECTOR 1.00 X 0 0 0 CASSANDRA S FOENS MD DIRECTOR 1.00 X 0 0 0 NOLDEN GENTRY DIRECTOR 1.00 X 0 0 0 PERRY A GLASSGOW DIRECTOR 1.00 X 0 0 0 KEVIN R GRUNEICH DIRECTOR 1.00 X 0 0 0 LEONARD A HADLEY DIRECTOR 1.00 X 0 0 0 THOMAS R HANSON DIRECTOR 1.00 X 0 0 0 J BRUCE HARRELD DIRECTOR 1.00 X 0 0 0 CAROL HAVEMANN-LYNCH DIRECTOR 1.00 X 0 0 0 MIEKELEEN HART DIRECTOR 1.00 X 0 0 0 DONALD HEINEKING UNTIL 1118 DIRECTOR 1.00 X 0 0 0 DAVID A HOAK DIRECTOR 1.00 X 0 0 0 CURTIS K LANE DIRECTOR 1.00 X 0 0 0 KATHERINE A PETERSEN LINDER DIRECTOR 1.00 X 0 0 0 CASEY D MAHON DIRECTOR 1.00 X 0 0 0 BARBARA A MCKENZIE DIRECTOR 1.00 X 0 0 0 JOHN PAPPAJOHN DIRECTOR 1.00 X 0 0 0 BRUCE E RINGDAHL DIRECTOR 1.00 X 0 0 0 GARY F SEAMANS DIRECTOR 1.00 X 0 0 0 DYAN C SMITH DIRECTOR 1.00 X 0 0 0 MARY JOY STEAD DIRECTOR 1.00 X 0 0 0 CARL W STUART DIRECTOR 1.00 X 0 0 0 GREGS G THOMOPULOS DIRECTOR 1.00 X 0 0 0 NATHAN R TROSS DIRECTOR 1.00 X 0 0 0 THOMAS J VEALE DIRECTOR 1.00 X 0 0 0 CATHERINE ZAHARIS VICE CHAIR/DIRECTOR 1.00 X X 0 0 0 LYNETTE L MARSHALL PRESIDENT 40.00 X 537600 0 44249 TIFFANI K SHAW VP/ASST SECRETARY 40.00 X 368883 0 43884 SHERRI P FURMAN CFO/TREASURER 40.00 X 220663 0 36866 DIANE K BROWNLEE SECRETARY 20.00 X 62391 0 7057 SHEILA BALDWIN VP HEALTH SCIENCES DEVELOPMENT 40.00 X 217333 0 47724 ROBERT K CLARK VP MAIN CAMPUS DEVELOPMENT 40.00 X 226516 0 30325 ERIN THOMAS-LEWIS VP ALUMNI AND DONOR ENGAGEMENT 40.00 X 213169 0 46965 JIM BETHEA VP/CHIEF INVESTMENT OFFICER 40.00 X 261800 0 42936 DAVE DIERKS VICE PRESIDENT 40.00 X 186132 0 744 TOM K DEPRENGER VP PRINCIPAL GIFTS 40.00 X 220336 0 41830 DEREK PENDERGAST VP PRINCIPAL GIFTS 40.00 X 166782 0 39906 LINDA A HARTFORD VP, CHIEF INFORMATION TECHNOLOGY OFFICER 40.00 X 184885 0 39359 2866490 0 421845 29 0 1 0 AMERGENT 9 CENTENNIAL DRIVE PEABODY MA 01960 MAIL SOLICITATION 500225 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 TELEPHONE SOLICITATION 381168 FUND EVALUATION GROUP LLC PO BOX 78000 DETROIT MI 48278 FINANCIAL CONSULTANTS 282459 FBG SERVICE CORPORATION 407 S 27TH AVENUE OMAHA NE 68131 CUSTODIAL SERVICES 144347 LSC COMMUNICATIONS PO BOX 776411 CHICAGO IL 606776411 MAGAZINE PRINTING 113673 6 137609644 13507367 137609644 FUNDRAISING REVENUE 900099 15787054 15787054 15787054 5178184 5178184 461817 461817 57429956 51815000 5614956 5614956 5614956 INVESTMENT PARTNERSHIP 900099 1744669 1744669 MANAGEMENT & SERVICE FEE INCOME 900099 1170457 1170457 TRAVEL PROGRAMS, IAM ADVERTISING, 812900 211828 211828 3126954 167778609 16957511 1956497 11254957 131750155 131750155 2222772 461188 870857 890727 108498 15958 3546 88994 18294380 1982165 5735076 10577139 1815460 18204 1547535 249721 2140528 262888 719964 1157676 1290604 144154 402963 743487 58759 58759 89588 89588 883355 883355 351701 4500 319065 28136 804394 211315 593079 672577 6782 659069 6726 1461781 1461781 593305 593305 451774 56245 395529 46291 46291 827470 827470 171908 171908 STAFF TRAINING & DEVELO 480497 14134 298189 168174 PRINTING/PUBLICATIONS 436108 57616 21805 356687 POSTAGE/MAIL HANDLING 281020 18369 14051 248600 STAFF RECRUITMENT 53913 53913 165286838 135003673 13841222 16441943 66083055 90472972 156140666 164500142 256763 208604 2208 2208 36826418 15162866 21337761 21663552 867981082 818152873 438119147 492579532 8993 0 1549929675 1587579883 2045110 2600154 825000 0 115124182 108242231 117994292 110842385 X 33651002 34933349 665980667 670372462 732303714 771431687 1431935383 1476737498 1549929675 1587579883 X 2491771 35964559 6345785 X 0 1 X 1 0 X 110648450 134251208 154869675 132762336 137609643 670141312 110648450 134251208 154869675 132762336 137609643 670141312 74799240 595342072 3923358 4388733 5016315 4884356 5178184 23390946 606751 1410412 2017163 13711539 17175248 18264240 15259923 17419328 81830278 777379699 0.76580 0.77550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 911371895 37591520 29728063 12463343 22448187 943779948 838320465 36649244 72533674 11940558 24190929 911371896 761545397 36351714 73138400 10755004 21960042 838320465 747226268 56125986 -11255189 9994219 20557449 761545397 724945770 29997289 19811108 10231084 17296815 747226268 0.00600 0.99400 0 0 5204030 5204030 26513635 10870475 15643160 3062500 2257537 804963 2046253 2034854 11399 21663552 MANAGED SEPARATE INVESTMENT ACCTS 408054981 F ASSETS IN LIVING TRUSTS 58730829 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 17197430 F CASH VALUE OF LIFE INSURANCE 7457362 F UI FACILITIES CORPORATION 1138930 F 492579532 ANNUITY AND LIFE INCOME OBLIGATIONS 22217683 AMOUNT HELD ON BEHALF OF OTHERS 86024548 108242231 X 203930873 35964559 187706 36152265 167778608 0 167778608 165422358 135520 135520 165286838 0 165286838 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE INVESTMENT OBJECTIVE OF THE ENDOWMENT IS TO SEEK MAXIMUM TOTAL RETURN CONSISTENT WITH THE PRESERVATION OF PRINCIPAL, DIVERSIFICATION AND AVOIDANCE OF EXCESSIVE RISK. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT AS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UICA FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE UICA IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSTIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE UICA IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2016 NOR HAS THE UICA BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CUREENTLY IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF UNIVERSITY OF IOWA FACILITIES CORPORATION 187,706. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF UNIVERSITY OF IOWA FACILITIES CORPORATION 135,520. EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 38101000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 33213000 NORTH AMERICA 0 0 INVESTMENTS 10329000 NORTH AMERICA 0 0 FUNDRAISING 961 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 6522 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES HOST TRAVEL TOUR 10850 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES VOLUNTEER STUDENT SERVICE PROJECTS 2100 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES VOLUNTEER STUDENT SERVICE PROJECTS 4925 SOUTH AMERICA 0 0 PROGRAM SERVICES VOLUNTEER STUDENT SERVICE PROJECTS 13257 0 0 0 0 0 0 81668358 13257 81681615 1 0 0 1 1 0 PART I LINE 3 ACCOUNTING METHOD IS FAIR MARKET VALUE PART I THE ORGANIZATION RECEIVED CONTRIBUTIONS FROM DONORS OUTSIDE THE UNITED STATES DURING THE TAX YEAR. X X X X X 1 AMERGENT INC 9 CENTENNIAL DR PEABODY MA 01960 MAIL SOLICITATION 0 829349 509625 319724 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 TELEPHONE SOLICITATION 0 520303 373730 146573 1349652 883355 466297 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV LA SCHEDULE G, PART I, LINE 2B, COLUMN (V) LIST OF TEN HIGHEST PAID FUNDRAISERS: (I) NAME FUNDRAISER: AMERGENT INC. (I) ADDRESS OF FUNDRAISER: 9 CENTENNIAL DRIVE, PEABODY, MA 01960 (I) NAME OF FUNDRAISER: RUFFALO NOEL LEVITZ (I) ADDRESS OF FUNDRAISER: PO BOX 718 DES MOINES, IA 50303 1 STATE UNIVERSITY OF IOWA 4 JESSUP HALL IOWA CITY IA 522421316 426004813 SECTION 115 131750155 STUDENT FINANCIAL AID, RESEARCH & ACADEMIC PROGRAMS 1 0 PART I, LINE 2: GRANTS (OR TRANSFERS TO THE UNIVERSITY OF IOWA) FROM THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT ARE SUBJECT TO UNIVERSITY OF IOWA AND UICA POLICIES AND PROCEDURES. BY SUBMISSION OF AN APPROVED REQUEST FOR TRANSFER OR EXPENDITURE, THE UNIVERSITY OF IOWA DEPARTMENT ACKNOWLEDGES THAT THE EXPENSE COMPLIES WITH DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. ALL TRANSFER REQUESTS MUST INCLUDE A WRITTEN DESCRIPTION OF THE NATURE, DATE, PURPOSE AND THE AMOUNT OF THE REIMBURSABLE EXPENSE AND SIGNATURE OF AN AUTHORIZED UNIVERSITY OF IOWA ACCOUNT REPRESENTATIVE. ULTIMATE EXPENDITURE FOR THE SPECIFIED PURPOSE MUST BE MADE THROUGH UNIVERSITY OF IOWA IN ACCORDANCE WITH ITS PURCHASING POLICIES. SUPPORTING DOCUMENTATION MUST BE ATTACHED OR BE AVAILABLE IF REQUESTED BY THE UICA. X X X X X 0 0 0 0 0 0 0 0 0 LYNETTE L MARSHALL PRESIDENT 429207 0 106250 0 2143 0 27500 0 16749 0 581849 0 0 0 TIFFANI K SHAW VP/ASST SECRETARY 300283 0 67852 0 748 0 27500 0 16384 0 412767 0 0 0 SHERRI P FURMAN CFO/TREASURER 193926 0 23520 0 3217 0 20697 0 16169 0 257529 0 0 0 SHEILA BALDWIN VP HEALTH SCIENCES DEVELOPMENT 190379 0 26461 0 493 0 21080 0 26644 0 265057 0 0 0 ROBERT K CLARK VP MAIN CAMPUS DEVELOPMENT 199060 0 26325 0 1131 0 20777 0 9548 0 256841 0 0 0 ERIN THOMAS-LEWIS VP ALUMNI AND DONOR ENGAGEMENT 183790 0 28650 0 729 0 20444 0 26521 0 260134 0 0 0 JIM BETHEA VP/CHIEF INVESTMENT OFFICER 242305 0 18747 0 748 0 25552 0 17384 0 304736 0 0 0 DAVE DIERKS VICE PRESIDENT 186132 0 0 0 0 0 0 0 744 0 186876 0 0 0 TOM K DEPRENGER VP PRINCIPAL GIFTS 191528 0 25650 0 3158 0 20054 0 21776 0 262166 0 0 0 DEREK PENDERGAST VP PRINCIPAL GIFTS 145970 0 20250 0 562 0 16133 0 23773 0 206688 0 0 0 LINDA A HARTFORD VP, CHIEF INFORMATION TECHNOLOGY OFF 160991 0 22950 0 944 0 17515 0 21844 0 224244 0 0 0 KATHERINE LASANSKY DAUGHTER OF OFFICER, LYNETTE MARSHALL 73036 SALARY AND BENEFITS 0 KATIE LINDER DAUGHTER-IN-LAW OF DIRECTOR, KATHERINE A PETERSEN LINDER 35463 SALARY AND BENEFITS 0 SCHEDULE L, PART IV THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT HAS A NEPOTISM POLICY THAT ADDRESSES THE EMPLOYMENT OF UICA EMPLOYEE AND BOARD MEMBER'S IMMEDIATE FAMILY MEMBERS. WHEN THE POLICY IS TRIGGERED; HIRING, COMPENSATION, AND REPORTING PROCEDURES ARE MODIFIED TO AVOID CONFLICTS OR THE APPEARANCE OF IMPROPRIETY. X 149 10643127 AVG OF HIGH & LOW X 9 2038319 ACTUARIAL CALCULATION X 3 825920 APPRAISED VALUE 1 0 1 1 PART I, COLUMN (B): REPORTING NUMBER OF CONTRIBUTIONS RECEIVED FORM 990, PART I, LINE 1 THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT'S MISSION IS TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY. WE SERVE OUR ALUMNI AND FRIENDS IN THE STATE AND THE REGION, THROUGHOUT THE COUNTRY, AND AROUND THE WORLD. WE ARE COMMITTED TO ENGAGING EVERYONE WHO LOVES THE UNIVERSITY OF IOWA - ALUMNI, FANS, PATIENTS, ART LOVERS, STUDENTS, PARENTS AND FRIENDS - THROUGH PROGRAMMING, EVENTS AND OPPORTUNITIES TO GIVE BACK TO THE UNIVERSITY OF IOWA. THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT, AN OPERATIONAL NAME FOR THE STATE UNIVERSITY OF IOWA FOUNDATION, IS AN INDEPENDENT ORGANIZATION AND THE PREFERRED CHANNEL FOR PRIVATE CONTRIBUTIONS THAT BENEFIT ALL AREAS OF THE UNIVERSITY OF IOWA. FORM 990, PART III, LINE 1, BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT'S MISSION IS TO ADVANCE THE UNIVERSITY OF IOWA THROUGH ENGAGEMENT AND PHILANTHROPY. WE SERVE OUR ALUMNI AND FRIENDS IN THE STATE AND THE REGION, THROUGHOUT THE COUNTRY, AND AROUND THE WORLD. WE ARE COMMITTED TO ENGAGING EVERYONE WHO LOVES THE UNIVERSITY OF IOWA - ALUMNI, FANS, PATIENTS, ART LOVERS, STUDENTS, PARENTS AND FRIENDS - THROUGH PROGRAMMING, EVENTS AND OPPORTUNITIES TO GIVE BACK TO THE UNIVERSITY OF IOWA. THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT, AN OPERATIONAL NAME FOR THE STATE UNIVERSITY OF IOWA FOUNDATION, IS AN INDEPENDENT ORGANIZATION AND THE PREFERRED CHANNEL FOR PRIVATE CONTRIBUTIONS THAT BENEFIT ALL AREAS OF THE UNIVERSITY OF IOWA. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA) THROUGH ITS BYLAWS, DELEGATES AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AND EXERCISES ALL OF THE POWERS OF THE BOARD BETWEEN MEETINGS OF THE BOARD TO THE EXTENT PERMITTED BY LAW. REPORTS OF THE ACTION OF THE EXECUTIVE COMMITTEE ARE SUBMITTED TO THE BOARD AT ITS NEXT MEETING FOLLOWING THE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND NOT FEWER THAN THREE OR MORE THAN NINE MEMBERS OF THE BOARD APPOINTED BY THE BOARD AT IT ANNUAL MEETING. THE PRESIDENT OF THE STATE UNIVERSITY OF IOWA IS AN EX OFFICIO MEMBER WITH VOTING POWER. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A SUBCOMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A DETAILED REVIEW OF THE FORM 990. FOLLOWING THE DETAILED REVIEW, THE FINAL FORM 990 IS PROVIDED TO ALL BOARD MEMBERS TO REVIEW PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, BOARD COMMITTEE MEMBERS, AND OFFICERS (RESPONSIBLE PERSONS) OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA) HAVE A DUTY TO CONDUCT ACTIVITIES OF THE UICA WITH THE HIGHEST ETHICAL STANDARDS AND TO MAKE DECISIONS CONCERNING THE UICA SOLELY TO ADVANCE ITS MISSION AND INTERESTS. THIS CONFLICT OF INTEREST POLICY IS TO ASSIST THE UICA AND RESPONSIBLE PERSONS IN IDENTIFYING SITUATIONS THAT PRESENT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND TO SPECIFY PROCEDURES FOR MANAGING THEM. REPORTING PROCEDURES: EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AND SUBMIT A STATEMENT SETTING FORTH ANY AND ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT ARE ANTICIPATED TO OCCUR IN THE COMING FISCAL YEAR. THE ANNUAL STATEMENT WILL BE INITIALLY REVIEWED BY THE CHAIR OF THE BOARD. IN ADDITION TO THE ANNUAL DISCLOSURE STATEMENT, UPON BECOMING AWARE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST NOT PREVIOUSLY DISCLOSED, A RESPONSIBLE PERSON MUST PROMPTLY REPORT IN WRITING TO THE CHAIR OF THE BOARD. THE CHAIR'S ANNUAL STATEMENT AND SUPPLEMENTAL REPORTS, IF ANY, SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE. DETERMINATION OF THE CONFLICT: THE EXECUTIVE COMMITTEE, WITHOUT THE AFFECTED RESPONSIBLE PERSON PRESENT, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE MATERIAL FACTS OF THE RESPONSIBLE PERSON'S CONFLICTS OF INTEREST WILL BE DISCLOSED TO THE BOARD OF DIRECTORS. ACTION AND RECUSAL: THE BOARD SHALL DETERMINE WHETHER TO AUTHORIZE, APPROVE, OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLELY ON WHETHER IT IS IN THE BEST INTEREST OF THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT IN PERFORMING ITS MISSION. THE AUTHORIZATION, APPROVAL, AND RATIFICATION MUST BE ACCOMPLISHED BY AN AFFIRMATIVE VOTE, AS APPLICABLE, OF A MAJORITY OF THE DIRECTORS ON THE BOARD WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE ARRANGEMENT/TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL SERVE AS A COMPENSATION COMMITTEE IN FULFILLING THE BOARD'S OVERSIGHT RESPONSIBILITIES FOR DETERMINING THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION AND BENEFITS PAID TO THE PRESIDENT AND CEO, THE EXECUTIVE VICE PRESIDENT, COO, CFO AND TREASURER, OTHER BOARD ELECTED OFFICIALS, AND KEY EMPLOYEES (COLLECTIVELY REFERRED TO AS DISQUALIFIED PERSONS). THE EXECUTIVE COMMITTEE SHALL PERFORM THE FOLLOWING RESPONSIBILITIES: (1) ESTABLISH PERFORMANCE CRITERIA, SET TERMS OF EMPLOYMENT, AND ESTABLISH TOTAL COMPENSATION ARRANGEMENT FOR THE PRESIDENT AND CEO. (2) IDENTIFY, WITH THE ASSISTANCE OF THE PRESIDENT, OTHER DISQUALIFIED PERSONS. (3) REVIEW AND APPROVE RECOMMENDATIONS OF THE PRESIDENT OF THE TERMS OF EMPLOYMENT AND TOTAL COMPENSATION OF ALL DISQUALIFIED PERSONS. THE EXECUTIVE COMMITTEE SHALL REGULARLY OBTAIN, REVIEW AND CONSIDER RELEVANT COMPARATIVE DATA OF COMPENSATION AND BENEFIT LEVELS PAID/PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS. THE STATE UNIVERSITY OF IOWA FOUNDATION ANNUALLY PERFORMS A COMPENSATION REVIEW FOR ALL OFFICERS, KEY EMPLOYEES, AND FIVE HIGHEST PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST; INSTRUCTIONS FOR DOING SO ARE INCLUDED ON THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT WEBSITE (WWW.FORIOWA.ORG). FORM 990, PART VI, SECTION B, LINE 10A IOWA CLUBS WHICH HAVE BEEN RECOGNIZED BY THE STATE UNIVERSITYOF IOWA FOUNDATION SERVE AS AN EXTENDING ARM FROM THE UNIVERSITY TO ITS ALUMNI AND FRIENDS IN GEOGRAPHICALLY DEFINED CLUB AREAS. IOWA CLUBS STRENGTHEN THE UNIVERSITY OF IOWA AND PROVIDE A NETWORK FOR ALUMNI THROUGH THE PLANNING AND IMPLEMENTATION OF A VARIETY OF SOCIAL, EDUCATIONAL, AND CULTURAL PROGRAMS. THE RECOGNIZED IOWA CLUB PROGRAM CATEGORIZES THREE ORGANIZATIONAL LEVELS OF CLUBS BASED UPON TYPES OF ACTIVITIES AND AMOUNT OF REVENUE GENERATED. RECOGNIZED IOWA CLUBS ANNUALLY COMPLETE SPECIFIC COMPLIANCE STANDARDS TO MAINTAIN THEIR RECOGNITION STATUS AND TO ACCESS CORRESPONDING CLUB RESOURCES PROVIDED BY THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT (UICA). EACH YEAR IOWA CLUBS COMPLETE A "REPORT AND CERTIFICATION" DOCUMENT TO INFORM THE UICA ABOUT ITS QUALIFYING ACTIVITIES AND COMPLIANCE. GENERAL GUIDELINES FOR TAX COMPLIANCE REPORTING ARE ALSO INCLUDED IN THIS HANDBOOK TO ADVISE CLUB VOLUNTEERS ABOUT REPORTING REQUIREMENTS. FORM 990, PART XI, LINE 9: CHANGES IN NET ASSETS OF UNIVERSITY OF IOWA FACILITIES CORPORATION 52,185. CONTRIBUTION OF THE IOWA SCHOLARSHIP FUND 6,293,600. UNIVERSITY OF IOWA FACILITIES CORPORATION ONE WEST PARK ROAD IOWA CITY IA 52242 420931777 PROPERTY ACQUISITION IA 501(C)(3) LINE 12A, I STATE UNIVERSITY OF IOWA FOUNDATION 1 STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION ONE WEST PARK ROAD IOWA CITY IA 52242 421129040 SUPPORT ORGANIZATION IA 501(C)(3) LINE 12A, I STATE UNIVERSITY OF IOWA FOUNDATION 1 JACK R VOLLERTSEN ANNUITY TRUST US BANK NA PO BOX 2043 MILWAUKEE WI 53201 421284566 SUPPORT ORGANIZATION IA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION S 441792 BOARD APPROVAL STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION Q 147360 INVESTMENT MGMT FEE