2020-07-06T10:36:37-05:00 2019-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2018-07-01 382953297 EASTERN MICHIGAN UNIVERSITY FOUNDATION EAST 7344841322 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 LAURA WILBANKS CFO 7344841322 2020-06-29 1 TINA PETERS P00904574 2483757100 2020-06-29 68.37.11.188 2020-06-29 12:10:29 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 FA6B6BDBF4F55FC4B74C781E24C8D16A421CCE4E 2018 2021-01-29 14:40:06Z WILLIAM SHEPARD 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 35016185 0 X WWW.EMUFOUNDATION.ORG X 1990 MI EASTERN MICHIGAN UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT PRIVATE FUNDS ON BEHALF OF AND FOR THE EXCLUSIVE BENEFIT OF EASTERN MICHIGAN UNIVERSITY, AND TO EXPAND ITS RESOURCE BASE THROUGH THE MANAGEMENT OF ASSETS AND THE INVESTMENT AND DISBURSEMENT OF FUNDS. 31 31 46 150 312467 -282237 5938557 7720472 1440759 1440000 4111741 3350632 -11190 18733 11479867 12529837 5753613 8064428 0 0 2400405 2597260 165796 172148 2314660 1267594 1586324 9587408 12420160 1892459 109677 85891754 81308938 6098910 824164 79792844 80484774 X THE EASTERN MICHIGAN UNIVERSITY FOUNDATION, THROUGH COLLABORATIVE RELATIONSHIPS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS, CREATES OPPORTUNITIES THAT WILL PROVIDE ADDITIONAL SUPPORT TO THE STUDENTS, PROGRAMS, SERVICES AND EDUCATIONAL COMMUNITY OF EASTERN MICHIGAN UNIVERSITY. THE EASTERN MICHIGAN UNIVERSITY FOUNDATION WILL ACHIEVE ITS MISSION THROUGH IMAGE ENHANCEMENT, EFFECTIVE ASSET MANAGEMENT, ENTREPRENEURIAL EFFORTS AND DEVELOPMENT ACTIVITIES. 0 0 6048288 6048288 1440000 GIFT ALLOCATION TO EMU-THE FOUNDATION RECEIVES GIFTS ON BEHALF OF EMU. GIFTS DESIGNATED AS EXPENDABLE SCHOLARSHIPS & PROGRAM SERVICES ARE COLLECTED BY THE FOUNDATION AND DIRECTLY DISBURSED TO EMU. ALL OTHER GIFTS ARE ENDOWED/INVESTED FOR FUTURE DISBURSEMENT. 2016140 2016140 ENDOWED SCHOLARSHIPS AND PROGRAM SERVICES SPENDING ALLOCATED TO EMU-SPENDING FROM THE SCHOLARSHIP & PROGRAM SERVICE ENDOWMENTS ARE DISTRIBUTED TO EASTERN MICHIGAN UNIVERSITY. 8064428 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 12 0 1 46 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X LAURA WILBANKS 7344841322 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 DONALD LOPPNOW CHAIR 1.00 X X 0 0 0 JACK BRUSEWITZ TRUSTEE 0.50 X 0 0 0 ANNETTE JOHNSON TRUSTEE 0.50 X 0 0 0 MOLLY LUEMPERT-COY VICE CHAIR 1.00 X X 0 0 0 DON REICHERT TRUSTEE 0.50 X 0 0 0 SHERWIN PRIOR TREASURER 1.00 X X 0 0 0 KAREN ANDREWS TRUSTEE 0.50 X 0 0 0 HOWARD BOOTH TRUSTEE 0.50 X 0 0 0 BRIAN EINHORN TRUSTEE 0.50 X 0 0 0 ANGELA EVANGELINOS TRUSTEE 0.50 X 0 0 0 SAMUEL HIRSCH TRUSTEE 0.50 X 0 0 0 EARLE HIGGINS TRUSTEE 0.50 X 0 0 0 BRIAN KRUGER TRUSTEE 0.50 X 0 0 0 KAREN PACIOREK TRUSTEE 0.50 X 0 0 0 MILTON MACK TRUSTEE 0.50 X 0 0 0 DARA MUNSON TRUSTEE 0.50 X 0 0 0 KIRK PROFIT TRUSTEE 0.50 X 0 0 0 GREGORY SHELDON VICE CHAIR 1.00 X X 0 0 0 INGRID SHELDON TRUSTEE 0.50 X 0 0 0 JAMES SMITH TRUSTEE 0.50 X 0 0 0 JAMES WEBB TRUSTEE 0.50 X 0 0 0 JUDITH WOLLACK TRUSTEE 0.50 X 0 0 0 WILLIAM BRICKLEY TRUSTEE 0.50 X 0 0 0 TRUDY ADLER TRUSTEE 0.50 X 0 0 0 BETTY BROWN-CHAPPELL TRUSTEE 0.50 X 0 0 0 SUZANNE GRAY TRUSTEE 0.50 X 0 0 0 RICHARD NORTHRUP TRUSTEE 0.50 X 0 0 0 DANIEL OPPERMAN TRUSTEE 0.50 X 0 0 0 CRAIG PARSONS TRUSTEE 0.50 X 0 0 0 CINNAMON PLONKA TRUSTEE 0.50 X 0 0 0 ETHAN SMITH TRUSTEE 0.50 X 0 0 0 WILLIAM SHEPARD VP FOR ADVANCEMENT/EXEC DIRECTOR EMUF 40.00 X 248043 0 99217 LAURA WILBANKS CFO 40.00 X 123939 0 7688 JILL HUNSBERGER ASSOCIATE VP ADVANCEMENT 40.00 X 125889 0 50356 KELLY QUILTER CHIEF DEVELOPMENT OFFICER 40.00 X 113847 0 15784 611718 0 173045 4 0 1 0 WELLS FARGO 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28262 INVESTMENT MANAGEMENT AND CUSTODY 471798 NEPC LLC 255 STATE STREET BOSTON MA 02109 INVESTMENT CONSULTING 196046 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONATHON & CROWDFUNDING SERVICES 182648 3 87616 7632856 1155898 7720472 EASTERN MI UNIV. FEES 900099 1440000 1440000 1440000 823711 312467 511244 23849653 1100000 21092876 1329856 2756777 -229856 2526921 2526921 59528 87616 63616 -4088 -4088 OTHER REVENUE 900099 22821 22821 22821 12529837 1440000 312467 3056898 8064428 8064428 265226 132393 132833 1711420 560286 1151134 67913 24486 43427 418231 168259 249972 134470 44395 90075 1813 1813 48650 48650 172148 172148 680208 680208 141072 112342 28730 2672 2672 305685 131635 174050 45982 45982 103929 2848 101081 21945 10374 11571 31258 31258 20626 9520 11106 27232 25309 1923 MEALS & ENTERTAINMENT 96292 3119 93173 FUNDRAISING EXPENSE 19606 19606 RESEARCH 14692 14692 DUES AND SUBSCRIPTIONS 14658 3344 11314 10004 6664 3340 12420160 8064428 2041072 2314660 6981644 1869793 2021070 1638948 714349 57793 1989643 656556 14666970 19016863 60007881 57910319 224546 216459 85891754 81308938 5674212 504415 424698 319749 6098910 824164 X 745094 591643 27855287 27611971 51192463 52281160 79792844 80484774 85891754 81308938 X 109677 352649 229604 X X 0 1 X 1 0 X 5747567 8596643 6675465 5938557 7720472 34678704 5747567 8596643 6675465 5938557 7720472 34678704 1667948 33010756 1000180 646763 748052 772539 823711 3991245 88843 66361 69190 85185 82349 391928 39061877 7554759 0.84510 0.84010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER FUNDRAISING RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76284216 2709769 3271841 1556350 586299 1730422 78392755 72649465 2002249 5090145 1511630 521535 1424478 76284216 67235806 1302559 7517552 1444054 544715 1417683 72649465 66831244 4867694 -1263606 1362253 542564 1294709 67235806 66418795 2471843 645543 1246169 318428 1140340 66831244 0.00700 0.66690 0.32610 0 0 612334 612334 102015 57793 44222 656556 INVESTMENT - OTHER SECURITIES 57910319 F 57910319 SPLIT INTEREST AGREEMENT 319749 319749 PART V, LINE 4: THE ENDOWMENTS MANAGED BY THE EMU FOUNDATION ARE INTENDED TO BE USED TO SUPPORT STUDENTS, FACULTY AND PROGRAMS AT EASTERN MICHIGAN UNIVERSITY. THE MAJORITY OF THE ENDOWMENTS WERE ESTABLISHED WITH VERY SPECIFIC DONOR RESTRICTIONS REGARDING HOW THE AVAILABLE FUNDING CAN BE USED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 15535037 EUROPE 0 0 INVESTMENT 2549293 0 0 0 0 0 0 18084330 0 18084330 1 0 1 0 1 0 X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 PHONATHON SERVICES 0 80575 172148 -91573 80575 172148 -91573 MI WEEKS & CONST. MANGE. GOLF OUTING 76771 44771 32000 11173 406 18867 2241 EMU FOOTBALL GOLF OUTING 28020 14885 13135 1642 11054 3 42353 27960 14393 15508 1741 984 147144 87616 59528 11173 17556 31662 3225 63616 -4088 1 EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 4939516 1108771 FMV/ APPRAISAL VARIOUS GIFTS IN KIND GIFT ALLOCATION TO EMU. EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 2016140 ENDOWED SCHOLARSHIP AND PROGRAM SERVICE SPENDING ALLOCATED TO EMU. 1 PART I, LINE 2: THE EASTERN MICHIGAN UNIVERSITY FOUNDATION ACTS AS AN AGENT ON BEHALF OF EASTERN MICHIGAN UNIVERSITY (EMU). GIFTS RECEIVED FOR THE BENEFIT OF EMU STUDENTS AND PROGRAMS ARE RECEIVED BY THE EMU FOUNDATION, THE DONORS ARE RECEIPTED AND THE FUNDS ARE TRANSFERRED TO EMU WHERE SPENDING IS MONITORED BY THE EMU ACCOUNTING DEPARTMENT. WITH RESPECT TO ENDOWMENT SPENDING, THE EMU FOUNDATION PROVIDES EMU WITH AN ANNUAL SPENDING BUDGET FOR EACH ENDOWMENT. SPENDING IS MONITORED BY EMU ACCOUNTING AND AT THE END OF EACH FISCAL YEAR EMU WILL INVOICE THE EMU FOUNDATION FOR SPENDING WHICH HAS TAKEN PLACE. ONCE THAT INVOICE HAS BEEN RECONCILED AGAINST THE BUDGET, THE EMU FOUNDATION WILL REIMBURSE EMU FROM THE APPROPRIATE ENDOWMENT ACCOUNTS. X 0 0 0 0 0 0 0 0 0 WILLIAM SHEPARD VP FOR ADVANCEMENT/EXEC DIRECTOR EMU 248043 0 0 0 0 0 22770 0 76447 0 347260 0 0 0 JILL HUNSBERGER ASSOCIATE VP ADVANCEMENT 125889 0 0 0 0 0 6426 0 43930 0 176245 0 0 0 X 6 47127 FAIR MARKET VALUE X INSPIRE TOOLS HYPERWORK 1 740000 FAIR MARKET VALUE X GIFTS 190 368771 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE EMU FOUNDATION DOES NOT USE A THIRD PARTY TO SOLICIT GIFTS OF STOCK; THESE GIFTS ARE SOLICITED BY OUR DEVELOPMENT STAFF JUST LIKE ANY OTHER GIFTS WOULD BE. THE FOUNDATION DOES HAVE A BROKERAGE ACCOUNT SET UP IN WHICH GIFTS OF STOCK ARE TRANSFERRED TO. AFTER THE STOCK TRANSFER HAS SETTLED, THE EMU FOUNDATION CFO INITIATES THE SALE OF STOCK AS SOON AS POSSIBLE AFTER THE STOCK IS RECEIVED (USUALLY THE NEXT BUSINESS DAY). THE BROKER THEN SELLS THE STOCK. THE NET PROCEEDS FROM THE STOCK SALE ARE THEN TRANSFERRED INTO THE EMU FOUNDATION'S CHECKING ACCOUNT. FORM 990, PART VI, SECTION A, LINE 2 SUZANNE GRAY, JILL HUNSBERGER, KAREN PACIOREK, WILLIAM SHEPARD, AND JAMES SMITH HAVE A BUSINESS RELATIONSHIP, THEY ARE ALL EMPLOYED BY EASTERN MICHIGAN UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A FULL BOARD OF TRUSTEES MUST APPROVE/ELECT INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. EASTERN MICHIGAN UNIVERSITY HAS THE RIGHT TO NAME SEVERAL OF THE TRUSTEES OF THE EMU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B LAURA WILBANKS, CFO, EMAILS A DRAFT COPY OF THE 990 TO ALL MEMBERS OF THE INVESTMENT & FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE FOR REVIEW. THE CFO DOES NOT SIGN THE RETURN ON BEHALF OF THE FOUNDATION UNTIL ALL MEMBERS OF THESE COMMITTEES CONFIRMED VIA EMAIL THAT THEIR REVIEW WAS COMPLETE AND THAT ANY QUESTIONS THEY HAD WERE ADDRESSED SATISFACTORILY. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ON AN ANNUAL BASIS, WITH THE UNDERSTANDING THAT THIS QUESTIONNAIRE SHOULD BE COMPLETED AND RETURNED TO THE EMU FOUNDATION. REMINDERS ARE SENT PERIODICALLY DURING THE YEAR TO ENSURE THAT QUESTIONNAIRES HAVE BEEN RECEIVED BY ALL VOTING MEMBERS OF THE BOARD. IF A TRUSTEE DOES NOT RETURN A COMPLETED QUESTIONNAIRE BY JULY 1 OF A GIVEN YEAR, THE TRUSTEE IS NOT ALLOWED TO ATTEND MEETINGS OR VOTE UNTIL THE QUESTIONNAIRE IS RECEIVED. ANY VOTING TRUSTEE WHO HAS A POSSIBLE CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER SHALL NOT VOTE OR EXERCISE HIS OR HER PERSONAL INFLUENCES IN THE DISPOSITION OF THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF INSURANCE -8,688. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 50,203. EQUITY TRANSFERS FROM RELATED ORGANIZATION 188,089. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. PLANNED REAL ESTATE CORP 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 383505090 TITLE HOLDING COMPANY MI IRC SEC. 501(C)(2) EASTERN MICHIGAN UNIVERSITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0