2019-11-14T18:06:29-06:00 2019-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2018-07-01 237098397 COLORADO STATE UNIVERSITY FOUNDATION COLO 9704917135 PO BOX 1870 FORT COLLINS CO 80522 ALLEN PADILLA CFO 9704917135 2019-11-14 1 CRAIG R CHOUN P00173718 3037409400 2019-11-12 208.42.238.142 2019-11-14 16:26:16 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2D5E682A3C4CA52FB4E26F12253D8CFAC0D8F3B0 2018 2020-03-31 21:24:44Z CHERI O'NEILL PO BOX 1870 FORT COLLINS CO 80522 161483859 0 X WWW.CSUFOUNDATION.ORG X 1970 CO COLORADO STATE UNIVERSITY FOUNDATION RECEIVES, MANAGES AND INVESTS GIFTS IN SUPPORT OF CSU. 8 7 25 10 927503 0 66473118 59869666 0 0 27314327 31116618 -115518 987366 93671927 91973650 112417536 67126552 0 0 1553448 1905487 0 0 0 6051914 7423559 120022898 76455598 -26350971 15518052 552851372 571727939 16945747 18556277 535905625 553171662 X SEE SCHEDULE O COLORADO STATE UNIVERSITY FOUNDATION ASSISTS IN THE PROMOTION, DEVELOPMENT, AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND ENHANCEMENTS OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). THIS IS ACCOMPLISHED THROUGH RECEIVING, MANAGING, AND INVESTING GIFTS. PRINCIPAL AND/OR INCOME FROM THESE GIFTS ARE USED FOR SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WHICH DIRECTLY OR INDIRECTLY AID AND BENEFIT CSU. 0 0 67304802 67126552 CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). DURING THE YEAR, THE FOUNDATION TRANSFERRED APPROXIMATELY $67,000,000 TO CSU. BECAUSE OF THIS AID, CSU WAS ABLE TO AWARD SCHOLARSHIPS AND FELLOWSHIPS TO ITS STUDENTS; PROVIDE FOR ACADEMIC AND INSTRUCTIONAL SUPPORT, RESEARCH EFFORTS, INSTITUTIONAL SUPPORT; AND OPERATION AND MAINTENANCE OF FACILITIES AND EQUIPMENT. 67304802 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 14 0 1 25 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 8 7 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK FL MD MA NH OR UT CA MI MN NJ NY X X ALLEN PADILLA 9704917135 300 UNIVERSITY SERVICES CENTER FORT COLLINS CO 805239100 JAMES MARTELL DIRECTOR/CHAIR 1.00 X X 0 0 0 RIC THOMAS DIRECTOR/VICE CHAIR 1.00 X X 0 0 0 SCOTT THISTED DIRECTOR 1.00 X 0 0 0 DAVID DIEHL DIRECTOR 1.00 X 0 0 0 LUKE DANIEL DIRECTOR 1.00 X 0 0 0 MARK SMITH DIRECTOR 1.00 X 0 0 0 DEB DEMUTH DIRECTOR 1.00 X 0 0 0 KATHLEEN HENRY END 818 PRESIDENT/CEO 20.00 X X 168842 0 25957 CHERI O'NEILL BEGIN 918 PRESIDENT/CEO 40.00 X X 145402 0 7374 ALLEN PADILLA BEGIN 318 CFO/TREASURER 40.00 X 102308 0 25056 DIPEN PATEL CIS MANAGER 40.00 X 110777 0 23170 527329 0 81557 4 0 1 0 WOODBERRY ASSOCIATES LLC 6227 EAGLE RIDGE RD BETTENDORF IA 52722 LEGISLATIVE RELATIONS 326807 NEPC LLC DEPARTMENT 3570 BOX 4110 WOBURN MA 01888 INVESTMENT MANAGEMENT 118921 2 52103 59817563 2661880 59869666 7069223 7069223 93557604 69510209 24047395 24047395 24047395 UBI FROM K-1S 523000 927503 927503 MISCELLANEOUS 900099 59863 59863 987366 91973650 0 927503 31176481 67126552 67126552 600043 600043 985237 985237 55389 55389 156461 156461 108357 108357 18553 18553 83578 83578 413166 413166 6347276 6347276 70860 1500 69360 385 385 182753 530 182223 33596 33596 15210 15210 10598 10598 16927 16927 59287 42538 16749 CULTIVATION/DEVELOPMENT 12754 12754 158616 120928 37688 76455598 67304802 9150796 0 22555 62710 1114334 632199 62096149 62953021 20207 132280 46523 172949 431216 184415 46258 246801 352601256 340098256 135061807 165477202 1105484 1172847 736799 779674 552851372 571727939 410755 513058 2068976 3737558 13596206 13499621 869810 806040 16945747 18556277 X 38807078 44177795 269434533 268411372 227664014 240582495 535905625 553171662 552851372 571727939 X 15518052 4250301 -2502316 X 0 1 X 1 0 X 70859020 98191055 108166801 66473118 59869666 403559660 70859020 98191055 108166801 66473118 59869666 403559660 53065813 350493847 5534972 7487971 5848718 7200968 7069223 33141852 292904 15448 396800 70229 59863 835244 437536756 0.80110 0.79410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2014 AMOUNT: $ 292,904. 2015 AMOUNT: $ 15,448. 2016 AMOUNT: $ 396,800. 2017 AMOUNT: $ 70,229. 2018 AMOUNT: $ 59,863. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 413166 413166 69695156 70108322 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 353951 324418 335689 413166 1427224 250000 250000 250000 250000 1000000 1500000 0 1 X 401599269 19148566 14314244 9595754 425466325 377536449 15720359 17022015 10905661 -2226107 401599269 307266580 32846309 38592642 6803198 -5634116 377536449 291570129 36765167 -21710056 8988649 -9629989 307266580 297104672 8071268 -5153056 10507833 -2055078 291570129 0.08570 0.56550 0.34880 0 0 431216 184415 246801 246801 CASH/CASH EQUIV UNDER INV MGMT 2677826 F HEDGED EQUITIES 44664038 F PRIVATE EQUITY 107461470 F OPPORTUNISTIC INVESTMENTS 10673868 F 165477202 LIFE INCOME AGREEMENTS 806040 806040 X 88888544 4250301 280212 4530513 84358031 6106166 1509453 7615619 91973650 71622507 1283075 1283075 70339432 6106166 10000 6116166 76455598 PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY ARRANGEMENT: THE FOUNDATION HAS BEEN DESIGNATED BY THE BOARD OF GOVERNORS OF THE COLORADO STATE UNIVERSITY (CSU) SYSTEM AS THE OFFICIAL REPOSITORY FOR ALL GIFTS OF CASH, SECURITIES, AND OTHER ASSETS GIVEN TO CSU FOR THE USE AND BENEFIT OF CSU, OTHER THAN THOSE REQUIRED BY LAW TO BE KEPT BY CSU. ENDOWMENTS AND THE RELATED EXPENDABLE FUND ARE HELD BY THE FOUNDATION FOR INVESTMENT SAFEKEEPING. THE FOUNDATION REPORTS ON THESE FUNDS TO CSU REGULARLY. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: ENDOWMENT FUNDS SHALL BE USED BY CSU FOR PURPOSES SET FORTH BY THE ENDOWMENT DONOR(S). SUCH USES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, AND OUTREACH. PART X, LINE 2: FIN48: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2019 AND 2018, THERE ARE NO MATERIAL UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TRANSFER FROM CSURF 280,212. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS 17,278. NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU 564,672. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS 927,503. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 1,283,075. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT 10,000. CENTRAL AMERICA/CARIBBEAN 0 0 INVESTMENTS N/A 82727707 EUROPE 0 0 INVESTMENTS N/A 12384414 NORTH AMERICA 0 0 INVESTMENTS N/A 4895173 0 0 0 0 0 0 100007294 0 100007294 1 0 0 1 1 0 1 COLORADO STATE UNIVERSITY OVAL DRIVE FORT COLLINS CO 80523 846000545 67126552 EDUCATION 1 PART I, LINE 2: MONITORING PROCEDURES: UPON THE ESTABLISHMENT OF A NEW GIFT FUND, A DESIGNATED CSU REPRESENTATIVE RECEIVES FUND DOCUMENTATION (INCLUDING DONOR'S INTENTIONS) AND AGREES TO ENSURE DONOR INTENT IS MET. REGULAR, PERIODIC CERTIFICATIONS ARE GENERATED BY THE FOUNDATION AND DISSEMINATED TO CSU REPRESENTATIVES FOR REVIEW AND ATTESTATION THAT ALL AMOUNTS TRANSFERRED TO CSU DURING THE REPORTING PERIOD HAVE BEEN EXPENDED OR USED IN ACCORDANCE WITH DONOR'S INTENTIONS. PART II, LINE 1H, PURPOSE OF GRANTS OR ASSISTANCE: PURPOSES SET FORTH BY THE DONOR ARE COMMUNICATED TO CSU FOR ALL CASH AND NON-CASH ASSISTANCE PROVIDED FROM CSU FOUNDATION TO CSU. SUCH PURPOSES INCLUDE BUT ARE NOT LIMITED TO: SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, CAPITAL IMPROVEMENTS, AND INSTITUTIONAL SUPPORT. X X X 0 0 0 0 0 0 0 0 0 KATHLEEN HENRY END 818 PRESIDENT/CEO 111212 0 0 0 57630 0 23580 0 2377 0 194799 0 0 0 CHERI O'NEILL BEGIN 918 PRESIDENT/CEO 76614 0 30000 0 38788 0 0 0 7374 0 152776 0 0 0 X 71 2661880 AVERAGE OF HIGH LOW 0 1 1 PART I, LINE 32B: CSU CONDUCTS FUNDRAISING FOR ALL GIFTS (BOTH CASH AND NONCASH). GIFTS OF CASH AND GIFTS OF SECURITIES FOR THE BENEFIT OF CSU ARE RECEIVED BY THE FOUNDATION. PER AN AGREEMENT BETWEEN THE FOUNDATION AND CSU, ALL GIFTS RECEIVED BY THE FOUNDATION ARE PROCESSED BY CSU. FORM 990, PART VI, SECTION A, LINE 1 COMPOSITION OF THE BOARD OF DIRECTORS: THE BOARD OF DIRECTORS OF THE FOUNDATION CONSISTS OF ELEVEN VOTING MEMBERS AND FOUR, EX-OFFICIO, NON-VOTING MEMBERS. VOTING BOARD MEMBERS CONSIST OF TEN COMMUNITY MEMBERS AND THE PRESIDENT OF THE FOUNDATION. NON-VOTING BOARD MEMBERS CONSIST OF THE PRESIDENT OF COLORADO STATE UNIVERSITY, THE VICE PRESIDENT FOR UNIVERSITY OPERATIONS, THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, AND A MEMBER OF THE UNIVERSITY'S BOARD OF GOVERNORS WHO HOLDS THE POSITION OF LIAISON TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED TO INCREASE THE RANGE OF PERMITTED VOTING MEMBERS FROM 3 TO 5 VOTING MEMBERS TO 5 TO 11 VOTING MEMBERS, AS DETERMINED BY THE BOARD. THE BYLAWS WERE ALSO AMENDED TO SPECIFY THAT THE CHAIR OF THE AUDIT COMMITTEE SHALL BE A VOTING MEMBER OF THE BOARD, AND THE AUDIT COMMITTEE SHALL BE COMPRISED OF THE CHAIR AND TWO INDEPENDENT COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF 990: AS DOCUMENTED IN MEETING MINUTES, THE FOUNDATION'S BOARD OF DIRECTORS HAS BEEN ENGAGED IN THE REPORTING REQUIREMENTS OF FORM 990. AT THE BOARD MEETING PRIOR TO FILING THE FORM 990, EACH DIRECTOR RECEIVED, REVIEWED AND APPROVED A COPY OF THE COMPLETED FORM 990, WITH THE EXCEPTION OF THE IDENTITY OF ONE DONOR WHO REQUESTED ANONYMITY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: DIRECTORS OF THE FOUNDATION'S BOARD AND EMPLOYEES OF THE FOUNDATION ARE PROVIDED COMPANY POLICIES ON OR BEFORE THEIR FIRST DATE OF SERVICE FOR THE FOUNDATION. ALL DIRECTORS AND KEY EMPLOYEES OF THE FOUNDATION'S BOARD ARE REQUESTED TO COMPLETE AND SUBMIT A DISCLOSURE OF POTENTIAL AND KNOWN CONFLICT(S) OF INTEREST ANNUALLY OR MORE FREQUENTLY IF CONFLICTS ARISE SOONER. ANY DISCLOSED RELATIONSHIPS ARE DISCUSSED WITH LEGAL COUNSEL AND A DETERMINATION MADE AS TO WHETHER THE RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST. SHOULD A CONFLICT OF INTEREST BE DETERMINED TO EXIST, THE BOARD IS INFORMED AND THE BOARD DETERMINES APPROPRIATE ACTION IF NECESSARY. SUCH ACTION MAY INCLUDE PROHIBITING THE DIRECTOR FROM PARTICIPATING IN CERTAIN DELIBERATIONS AND DECISIONS OR RECUSING THE DIRECTOR FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY: THE FOUNDATION'S PROCESS FOR DETERMINING COMPENSATION OF ALL OF ITS EMPLOYEES BEGINS WITH IDENTIFYING RESPONSIBILITIES OF THE POSITION. SALARIES ASSOCIATED WITH COMPARABLE POSITIONS WITHIN THE NONPROFIT SECTOR AND GEOGRAPHIC AREA ARE CONSIDERED, AS WELL AS THE EMPLOYEE'S RELEVANT EXPERIENCE AND EDUCATION. SALARY AND WAGE RATES FOR NEW EMPLOYEES AND ANY CHANGES TO PAY RATES ARE APPROVED BY THE PRESIDENT/CEO OR HIS/HER DESIGNEE. THE CHAIRPERSON OF THE FOUNDATION'S BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE PRESIDENT/CEO USING THE FOREMENTIONED PROCESS AND PROPOSES THE COMPENSATION OR CHANGES TO COMPENSATION TO THE VOTING DIRECTORS FOR APPROVAL. THE PRESIDENT/CEO DETERMINES THE COMPENSATION FOR OTHER TOP OFFICIALS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION ON AN INDIVIDUAL POSITION BASIS FOR OTHER TOP OFFICIALS IN CONJUNCTION WITH ITS REVIEW AND APPROVAL OF THE FOUNDATION'S BUDGET. BOARD-APPROVED COMPENSATION AND CHANGES IN COMPENSATION ARE COMMUNICATED BY THE CHAIRPERSON TO THE PRESIDENT/CEO AND CFO. APPROPRIATE DOCUMENTATION OF THE COMPENSATION PROCESS IS MAINTAINED IN THE FOUNDATION'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS TO THE PUBLIC: THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, IRS FORM 990, AND IRS FORM 1023 ARE AVAILABLE VIA THE FOUNDATION'S WEBSITE AT WWW.CSUFOUNDATION.ORG. ALSO AVAILABLE ON ITS WEBSITE IS THE FOUNDATION'S OPEN RECORDS POLICY WHICH ADDRESSES WHAT RECORDS ARE CONSIDERED PUBLIC RECORDS OPEN FOR INSPECTION AND THE PROCESS FOR REQUESTING SUCH RECORDS. FORM 990, PART XI, LINE 9: ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS -17,278. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS -927,503. BAD DEBT 10,000. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -1,283,075. NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU -564,672. TRANSFERS FROM CSU RESEARCH FOUNDATION 280,212. CHARITABLE REMAINDER TRUST (1) CRAT CO CSUF T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1