2020-11-13T13:45:12-06:00 2020-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2019-07-01 846049811 UNIVERSITY OF COLORADO FOUNDATION UNIV 3038137935 1800 GRANT STREET SUITE 725 DENVER CO 80203 JACK FINLAW PRESIDENT & CEO 3038137935 2020-11-12 1 DORI J EGGETT P00645252 3037409400 2020-11-12 73.243.41.113 2020-11-12 12:04:02 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1830F7838607E5948B139FB92FE2B23D5B182CFF 2019 2021-01-29 14:40:06Z JACK FINLAW 1800 GRANT STREET SUITE 725 DENVER CO 80203 259096557 0 X WWW.GIVING.CU.EDU/CUFOUNDATION X 1967 CO THE FOUNDATION RECEIVES, MANAGES & PRUDENTLY INVESTS PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 21 20 32 142 -369236 -2220717 196348889 193433008 4935630 4741390 87210969 59093783 469230 1828376 288964718 259096557 160759306 184507046 0 0 3250037 3195102 1326256 1252381 24409094 47568892 38840186 212904491 227794715 76060227 31301842 2247296786 2312395198 491515724 502610454 1755781062 1809784744 X THE FOUNDATION RECEIVES, MANAGES AND PRUDENTLY INVESTS PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO AND SUPPORTS THE UNIVERSITY'S PHILANTHROPIC ENDEAVORS THROUGH DONOR STEWARDSHIP. 0 0 184507046 184507046 4741390 SEE SCHEDULE O.UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $193,433,009 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2020. IN ADDITION, AS OF JUNE 30, 2020, THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $1,809,784,744 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO THE UNIVERSITY OF COLORADO IN THE AMOUNT OF $184,507,046. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC. 184507046 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 20 0 1 32 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CO CT DC GA KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WV WI KS NV PA RI X X PATTY LESLIE 3038137905 1800 GRANT STREET SUITE 725 DENVER CO 80203 AGNETA ALBINSSON DIRECTOR 1.00 X 0 0 0 BARRY D AMMAN DIRECTOR 1.00 X 0 0 0 ROBERT J EASTMAN DIRECTOR 1.00 X 0 0 0 JACK FINLAW PRESIDENT & CEO 40.00 X X 473755 0 35203 MICHAEL D FRYT DIRECTOR 1.00 X 0 0 0 STEPHEN B HANSEN DIRECTOR 1.00 X 0 0 0 MICHAEL F IMHOFF DIRECTOR 1.00 X 0 0 0 NAN E JOESTEN DIRECTOR 1.00 X 0 0 0 ERIC J KRAMER DIRECTOR 1.00 X 0 0 0 KEVIN KRATT DIRECTOR 1.00 X 0 0 0 JEREMY O MAY DIRECTOR 1.00 X 0 0 0 BECKY L MEDVED DIRECTOR 1.00 X 0 0 0 GARY MEGGISON DIRECTOR 1.00 X 0 0 0 HEATHER MULVIHILL DIRECTOR 1.00 X 0 0 0 BRETT D NICHOLAS DIRECTOR 1.00 X 0 0 0 MARCIA P PRYDE DIRECTOR 1.00 X 0 0 0 KEVIN T REIDY DIRECTOR 1.00 X 0 0 0 MARY R SISSEL DIRECTOR 1.00 X 0 0 0 DAWN F WOOD DIRECTOR 1.00 X 0 0 0 MELINDA H YEE DIRECTOR 1.00 X 0 0 0 SCOTT DUNN AVP & CONTROLLER 40.00 X 140868 0 31807 MIKE PRITCHARD VP & CFO 40.00 X 291479 0 40869 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 40.00 X 263286 0 41263 SASKIA SAWYER AVP GIFT SERVICES 40.00 X 142998 0 32192 DURAN BARB BOARD RELATIONS SR. DIR. 40.00 X 117953 0 14283 1430339 0 195617 6 0 1 0 PERELLA WEINBERG PARTNERS 7979 E TUFTS AVE SUITE 700 DENVER CO 80237 INVESTMENT MANAGER 3602294 MHR FUND MANAGEMENT LLC 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105 INVESTMENT MANAGER 2253652 GHO CAPITAL PARTNERS LLP 21 ST JAMESS SQUARE LONDON UK SW1Y4JZ INVESTMENT MANAGER 1872770 STELLEX CAPITAL PARTNERS LP 900 THIRD AVENUE NEW YORK NY 10022 INVESTMENT MANAGER 1738461 RUFFALO NOEL LEVITZ 65 KIRKWOOD N RD SW CEDAR RAPIDS IA 52406 CALL CENTER SERVICES 1252381 35 193433008 33219629 193433008 ADV SUPP CUSTODIAL FDS 611710 4741390 4741390 4741390 7589127 7589127 26692 26692 51504656 0 51504656 51504656 51504656 CU ENDOWMENT TRANSFERS 900099 1875000 1875000 OTHER REVENUE 611710 261369 113258 148111 DUES REVENUE 611710 34551 34551 -369236 -369236 1801684 259096557 6764199 -369236 59268586 X 184507046 184507046 1318532 1318532 1454928 1454928 68867 68867 203551 203551 149224 149224 172459 172459 125006 125006 1252381 1252381 13724416 13724416 23596600 439887 23156713 202123 202123 208660 208660 229982 229982 19611 19611 274340 274340 95307 95307 102769 102769 DUES/MEMBERSHIPS/SUBSCR 49034 49034 MISCELLANEOUS OPERATING 24819 24819 PROFESSIONAL DEVELOPMEN 15060 15060 227794715 184507046 18878575 24409094 9271572 44844948 164367024 123699470 28551 23707 5539979 4207827 1333423 1332152 937226137 497406676 1084752506 1593664053 50317573 51424192 2247296786 2312395198 10160705 14646004 364336 330074 455824861 463849399 25165822 23784977 491515724 502610454 X 61067635 63898715 1694713427 1745886029 1755781062 1809784744 2247296786 2312395198 X 31301842 23993050 -1291210 X 0 1 X 1 0 X 177687517 186602657 233157707 196348889 193433008 987229778 177687517 186602657 233157707 196348889 193433008 987229778 134998547 852231231 18255408 18633871 20124047 28235969 7615819 92865114 127121 1881490 16099651 2954236 2170920 23233418 1103328310 20055412 0.77240 0.75370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 127,121. 2016 AMOUNT: $ 1,881,490. 2017 AMOUNT: $ 16,099,651. 2018 AMOUNT: $ 2,954,236. 2019 AMOUNT: $ 2,170,920. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189661205 189661205 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 0 1 X 1240504416 76383080 54398753 54150413 1317135836 1150318539 63078817 77723433 50616373 1240504416 1020135394 54568247 109432427 33817529 1150318539 887168625 47675646 133524568 48233445 1020135394 905881734 48957151 -23675978 43994282 887168625 0.01400 0.47590 0.51010 1 0 32078 32078 1878300 699573 1178727 379063 379063 0 659817 538470 121347 2590721 2590721 0 1332152 DOMESTIC EQUITIES 40800000 F FIXED INCOME 146306586 F REAL ESTATE 60789694 F PRIVATE EQUITY 323444546 F ABSOLUTE RETURNS FUNDS 304803014 F VENTURE CAPITAL 197432489 F COMMODITIES 15797551 F OTHER 897245 F COMINGLED EQUITY SECURITIES 503392928 F 1593664053 FUNDS HELD IN TRUST FOR OTHERS 2390936 LIABILITIES UNDER SPLIT INTEREST 21394041 23784977 268073981 23993050 -1660446 22332604 245741377 13724416 -369236 13355180 259096557 214070299 0 214070299 13724416 13724416 227794715 PART IV, LINE 2B: THE FOUNDATION HOLDS AND INVESTS CERTAIN ENDOWMENT AND OTHER FUNDS IN A LONG TERM INVESTMENT POOL UNDER THE TERMS OF AN INVESTMENT MANAGEMENT AGREEMENT WITH UNIVERSITY OF COLORADO. PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF OVER 3,000 INDIVIDUAL DONOR-RESTRICTED PURE OR QUASI ENDOWMENTS. DONOR-RESTRICTED PURE ENDOWMENT FUNDS ARE PERMANENT CHARITABLE FUNDS THAT MUST BE PRESERVED IN PERPETUITY AS A CONDITION IMPOSED BY THE DONOR. DONOR-RESTRICTED QUASI-ENDOWMENT FUNDS ARE THOSE PURPOSE-RESTRICTED GIFTS THAT ARE GENERALLY INTENDED TO BE MAINTAINED IN PERPETUITY; HOWEVER, UNDER SPECIFIC CIRCUMSTANCES DEFINED BY THE DONOR, THE PRINCIPAL MAY BE INVADED FULLY TO MEET THE DEFINED PURPOSE. THE FOUNDATION ALSO HAS CERTAIN FUNDS WITHOUT DONOR RESTRICTIONS THAT HAVE BEEN DESIGNATED BY THE FOUNDATION'S BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,660,446. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME -369,236. 1 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 420159571 WESTERN EUROPE - 0 0 INVESTMENTS 113377985 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 108201446 0 0 0 0 0 0 641739002 0 641739002 1 0 1 0 1 0 PART I, LINE 2: THE FOUNDATION DOES NOT PROVIDE GRANTS OR OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES. PART III ACCOUNTING METHOD: X X X X X 1 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 OPER/MANAGE CALL CENTER 0 516438 1252381 -735943 516438 1252381 -735943 AK AR CA CO CT DC GA HI IL KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WI WV NC AL FL KS NV PA RI SCHEDULE G, PART I, LINE 2B, COLUMN (V) 100%% OF GROSS RECEIPTS FROM ACTIVITY, OR COLUMN IV, ARE TRANSFERRED TO THE UNIVERSITY AS PHILANTHROPIC SUPPORT. THE AMOUNT PAID TO RUFFALO NOEL LEVITZ IN COLUMN V IS AN EXPENSE PAID TO HELP GROW THE NUMBER OF DONORS TO THE UNIVERSITY. 1 UNIVERSITY OF COLORADO 1800 GRANT ST SUITE 800 DENVER CO 80203 846000555 501(C)(3) 180789283 SEE PART IV UNIVERSITY OF COLORADO HOSPITAL FOUNDATION 2400 S PEORIA ST STE 100 AURORA CO 80014 208575263 501(C)(3) 2538991 PUBLIC SERVICE, MEDICAL OUTREACH BLACKSTONE ENTREPRENEURS NETWORK 1644 PLATTE ST STE 400 DENVER CO 80202 844159830 501(C)(3) 580631 RESEARCH UC SAN DIEGO 9500 GILMAN DRIVE LA JOLLA CA 92093 952872494 501(C)(3) 120601 RESEARCH PIKES PEAK COMMUNITY COLLEGE FOUNDATION 5675 S ACADEMY BLVD COLORADO SPRINGS CO 80906 742182257 501(C)(3) 340769 SCHOLARHSIPS UNIVERSITY OF NORTHERN COLORADO 1620 RESERVOIR ROAD GREELEY CO 80639 846044833 501(C)(3) 30000 SCHOLARHSIPS BLACK HILLS STATE UNIVERSITY 1200 UNIVERSITY ST STE 9670 SPEARFISH SD 57799 237428348 501(C)(3) 7500 SCHOLARHSIPS 7 0 PART I, LINE 2: THE USE OF GRANTS MADE BY THE UNIVERSITY OF COLORADO FOUNDATION ARE MONITORED BY THE UNIVERSITY OF COLORADO. PART II, LINE 1: UNIVERSITY OF COLORADO - GRANTS PAID GIFTS AND INCOME DISTRIBUTED TO THE UNIVERSITY OF COLORADO WERE APPLIED AS FOLLOWS: ACADEMICS - $75,748,514 ATHLETICS - $1,932,510 CAPITAL PROJECTS - $25,214,179 PROFESSORSHIP CHAIRS - $20,963,057 PUBLIC SERVICE, ADMINISTRATION, LIBRARY - $7,628,929 RESEARCH - $25,205,954 SCHOLARSHIPS & FINANCIAL AID - $24,105,140 1 X X X X X 0 0 0 0 0 0 0 0 0 JACK FINLAW PRESIDENT & CEO 417437 0 56318 0 0 0 16800 0 18403 0 508958 0 0 0 SCOTT DUNN AVP & CONTROLLER 131445 0 9423 0 0 0 8708 0 23099 0 172675 0 0 0 MIKE PRITCHARD VP & CFO 266929 0 24550 0 0 0 16800 0 24069 0 332348 0 0 0 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 238988 0 24298 0 0 0 16205 0 25058 0 304549 0 0 0 SASKIA SAWYER AVP GIFT SERVICES 133529 0 9469 0 0 0 9082 0 23110 0 175190 0 0 0 X 443 29379390 AVG HIGH/LOW PRICE X 12 3840239 AVG HIGH/LOW PRICE 0 1 1 PART I, LINE 32B: THE FOUNDATION MAINTAINS ACCOUNTS AT UBS, CHARLES SCHWAB, WELLS FARGO, AND BANK OF NEW YORK MELLON FROM WHICH SECURITIES ARE RECEIVED AND SOLD. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM WILL REVIEW THE 990 WITH THE AUDIT COMMITTEE. THE AUDIT COMMITTEE CHAIR WILL PROVIDE A SUMMARY OF THIS REVIEW TO THE FULL BOARD ALONG WITH A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PROVIDED TO KEY EMPLOYEES, DIRECTORS, AND COMMITTEE MEMBERS. EACH RECIPIENT IS ASKED TO COMPLETE A DISCLOSURE CERTIFICATION. THESE DOCUMENTS ARE COLLECTED AND THE INFORMATION COMPILED IN THE FOUNDATION'S LEGAL DEPARTMENT. WHEN THE FOUNDATION IS CONSIDERING ENTERING INTO MAJOR TRANSACTIONS AND/OR CONTRACTS WITH OUTSIDE PARTIES, POTENTIAL CONFLICTS OF INTEREST ARE RESEARCHED. IF THERE IS AN IDENTIFIED CONFLICT, THE FOUNDATION DOCUMENTS SUCH AND RESOLVES THE ISSUE BASED ON THE POLICY REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF COLORADO FOUNDATION HAS A COMPENSATION COMMITTEE OF FOUR DIRECTORS. THE COMMITTEE'S ROLE IS TO ANNUALLY OBTAIN COMPARATIVE MARKET SALARY SURVEY INFORMATION. BASED ON THIS MARKET DATA AND PERFORMANCE, RECOMMENDATIONS FOR SALARY ADJUSTMENTS ARE REVIEWED. THIS COMMITTEE SPECIFICALLY REVIEWS AND APPROVES SALARY ADJUSTMENTS AND ANY ADDITIONAL COMPENSATION FOR THE CEO AND VP'S. SALARY RANGE REVIEW AND RECOMMENDATIONS ARE MADE TO THIS COMMITTEE ON AN ANNUAL BASIS. DELIBERATION AND CONCLUSION OF THE COMPENSATION DISCUSSION IS DOCUMENTED IN THE MINUTES MAINTAINED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. AUDITED FINANCIALS ARE ALSO AVAILABLE ON THE CUF WEBSITE WWW.CUFUND.ORG. FORM 990, PART IX, LINE 11G CU SUPPORT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 439,887. FUNDRAISING EXPENSES 23,156,713. TOTAL EXPENSES 23,596,600. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,660,446. UNRELATED BUSINESS (INCOME)/LOSS 369,236. CU FOUNDATION HOLDINGS INC 1800 GRANT STREET SUITE 725 DENVER CO 80203 311608076 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 THE UNIVERSITY OF COLORADO UK FOUNDATION LIMITED 1800 GRANT STREET SUITE 725 DENVER CO 80203 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (80) CRAT/CRUT CO CU FOUNDATION T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0