2019-11-15T14:39:53-06:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-07-01 816001649 MONTANA STATE UNIVERSITY FOUNDATION INC MONT 4069942053 1501 SOUTH 11TH AVE PO BOX 172750 BOZEMAN MT 597172750 CHRIS MURRAY CEO/PRESIDENT 4069942053 2019-11-15 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2019-11-15 12:44:35 CS P 00BE1F513142CA66DA2C367DB88293381486700F 14B4624D99AA7844762AEF943CCCB1636A2EBA62 2018 2020-03-31 21:24:44Z MSU ALUMNI FOUNDATION CHRIS MURRAY 1501 SOUTH 11TH AVE PO BOX 172750 BOZEMAN MT 597172750 50776338 0 X WWW.MSUAF.ORG X 1946 MT CULTIVATE LIFELONG RELATIONSHIPS AND SECURE PRIVATE SUPPORT TO ADVANCE MONTANA STATE UNIVERSITY. 21 21 84 252 294794 309795 19971798 34881656 3020567 2762514 5677243 3116520 1807871 500995 30477479 41261685 35537310 25321818 0 0 4846003 5045085 141250 259031 3080652 1690876 2103732 42215439 32729666 -11737960 8532019 260560693 268984738 22450292 18326322 238110401 250658416 WE CULTIVATE LIFELONG RELATIONSHIPS AND SECURE PRIVATE SUPPORT TO ADVANCE MONTANA STATE UNIVERSITY. 0 0 19048062 19048061 1523864 MSUAF PROVIDED MONTANA STATE UNIVERSITY WITH PRIVATE DOLLARS TO ADVANCEITS LAND-GRANT MISSION TO INTEGRATE EDUCATION, CREATE KNOWLEDGE AND ARTAND SERVE COMMUNITIES. MSUAF SUPPLIED $12.9 MILLION TO CONSTRUCT ANDEQUIP FACILITIES THAT ENHANCE THE RESEARCH AND LEARNING ENVIRONMENTS OFITS 16,902 STUDENTS. ADDITIONALLY, MSUAF PROVIDED $6.3 MILLION TO ENRICH INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. 6273756 6273756 1142756 MSUAF PROVIDED 2,796 STUDENTS WITH SCHOLARSHIPS TO ATTEND MONTANA STATEUNIVERSITY. SCHOLARSHIPS ALLOWED THESE STUDENTS TO PURSUE ADVANCEDEDUCATION, LESSENING THE BURDEN OF TUITION, HOUSING, AND FEES. 863507 0 95894 ALUMNI ENGAGEMENT CONNECTS OVER 110,000 ALUMNI AND FRIENDS OF MONTANASTATE UNIVERSITY THROUGH INCLUSIVE COMMUNICATIONS, EVENTS, AND AFFILIATE NETWORKS. OVER 11,000 ALUMNI ASSOCIATION MEMBERS WERE APPRISED REGULARLY OF MSU NEWS, EVENTS, AND INVITATIONS TO CONNECT WITH ONE ANOTHER. 213 EVENTSBROUGHT PROGRAMS, MEANINGFUL EXPERIENCES AND UNIQUE OPPORTUNITIESANNUALLY TO OVER 11,000 ALUMNI,FRIENDS, SUPPORTERS AND FANS, THATPROVIDE FOR CONNECTION TO AND ENGAGEMENT WITH MSU. 26185325 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 54 0 1 84 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AK CA CO KY ME MD MA MI MN NJ NV NH NY OH OR SC UT WA X X MELISSA KINNEAR VP OF FINANCE 4069942053 1501 SOUTH 11TH AVE PO BOX 172750 BOZEMAN MT 597172750 JEAN B SWEENEY CHAIR 3.40 0.00 X X 0 0 0 STEVE ROVIG VICE CHAIR 5.10 0.00 X X 0 0 0 ROBERT MORRISON SECRETARY/TREASURER 2.00 0.00 X X 0 0 0 CORY PULFREY PAST CHAIR 1.10 0.40 X X 0 0 0 NORMAN ASBJORNSON GOVERNOR 1.00 0.00 X 0 0 0 MARK BACIGALUPO GOVERNOR 1.10 0.00 X 0 0 0 DAVID CAMERON GOVERNOR 2.50 0.00 X 0 0 0 SUSAN CARSTENSEN GOVERNOR 0.70 0.20 X 0 0 0 KAY CHAFEY GOVERNOR 2.00 0.00 X 0 0 0 GREG COLLINS GOVERNOR 2.30 0.00 X 0 0 0 JILL CUNIFF GOVERNOR 2.90 0.00 X 0 0 0 JILL JARRETT GOVERNOR 0.70 0.00 X 0 0 0 ALAN KAHN GOVERNOR 0.70 0.00 X 0 0 0 WES KREMER GOVERNOR 0.80 0.00 X 0 0 0 HEIDI MCLOUGHLIN GOVERNOR 1.40 0.00 X 0 0 0 HELENE MICHAEL GOVERNOR 0.10 0.00 X 0 0 0 ROBERT NAROTZKY GOVERNOR 0.30 0.00 X 0 0 0 MARY ANN PEARCE GOVERNOR 3.00 0.00 X 0 0 0 RAINEY PEUSE GOVERNOR 3.70 0.00 X 0 0 0 JEFF SIPES GOVERNOR 4.80 0.00 X 0 0 0 KENDRICK R WILSON GOVERNOR 0.50 0.00 X 0 0 0 CHRIS MURRAY CEO/PRESIDENT 50.00 0.40 X 263465 0 38721 MELISSA KINNEAR VICE PRESIDENT OF FINANCE 50.00 0.00 X 56636 0 14980 KATHLEEN SAYLOR VICE PRESIDENT OF OPERATIONS 40.00 0.00 X 126062 0 21409 MARY JANE MCGARITY VICE PRESIDENT OF DEVELOPMENT 40.00 0.00 X 118472 0 26882 564635 0 101992 3 0 1 0 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 FUNDRAISING CONSULTING 259031 MONTANA STATE UNIVERSITY 1501 SOUTH 11TH AVE BOZEMAN MT 59717 CATERING, MAILING, JANITORIAL AND MAINTE 223077 ALPHAGRAPHICS BOZEMAN 201 E MENDENHALL ST BOZEMAN MT 59715 PRINTING AND MAILING 179545 3 121044 87280 34673332 1513665 34881656 CONTRACT FOR SERVICES 900099 1500000 1500000 SCHOLARSHIP INCOME 900099 1142756 1142756 ALUMNI RELATIONS PROGRAM REVENUE 900099 95894 95894 SALES, SERVICES, AND OTHER 900099 23864 23864 2762514 2021123 294794 1726329 42076 42076 10549789 9454392 1095397 1095397 1095397 65175 87280 60261 4914 4914 ADMINISTRATIVE FEES 900099 244847 244847 INVESTMENT INCOME- ATI 523000 160475 160475 MISCELLANEOUS INCOME 900099 48683 48683 454005 41261685 2762514 294794 3322721 25321818 25321818 455152 288920 166232 251896 251896 3090256 350846 1249030 1490380 267888 22704 126050 119134 686372 60392 356508 269472 293521 28448 136986 128087 29672 21118 8554 49173 49173 5000 5000 259031 259031 8384 8384 107730 2428 41194 64108 49804 36922 5296 7586 603939 193002 220826 190111 315844 489 252109 63246 162324 162324 208558 19912 3660 184986 334028 148364 60939 124725 100662 100662 99649 99649 28965 28965 32729666 26185325 3463689 3080652 1781984 729302 29481195 27243949 15586156 23670078 5520056 10874 4180302 4479815 3524889 1181404 2404158 2343485 75498537 52435435 125989683 157770022 -411950 -259355 530572 561133 260560693 268984738 3077423 1289184 862213 941778 1161769 1209266 17348887 14886094 22450292 18326322 X 7515952 8365333 88319167 91953866 142275282 150339217 238110401 250658416 260560693 268984738 X 8532019 3437613 292118 286265 X 0 1 X 1 0 X 17665630 79845042 25789980 19971798 34881656 178154106 17665630 79845042 25789980 19971798 34881656 178154106 57768593 120385513 965870 644902 849230 1377799 1768405 5606206 150464 261808 136029 492942 294794 1336037 454005 454005 185550354 2827689 0.64880 0.61900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 1 1 323 1 2841 1 787 1 5000 1 547 1 536 1 5968 16002 0 PART II-B, LINE 1: LOBBY FOR PASSAGE OF 6 MILL LEVY BALLOT INITIATIVE AND FOR HIGHER-ED BILLS IN 2019 MT LEGISLATIVE SESSION. OTHER ACTIVITIES INCLUDE EXPENSES RELATED TO RECRUITMENT, TRAIN, AND TRACK VOLUNTEERS, INTERNAL PLANNING MEETINGS AND RESEARCH. 149395498 33157018 4907588 7628657 3208258 176623189 138039542 8402190 10738575 4382892 651107 2750810 149395498 116869392 14356321 13385445 4202566 2369050 138039542 113929843 11782324 -2815133 3850593 2177049 116869392 113029441 5576437 1105389 3566878 2214546 113929843 0.12740 0.81060 0.06200 0 0 493767 451750 945517 2028930 815402 1213528 550442 366002 184440 2343485 266881 F VANGUARD TOTAL STOCK 16228069 F HARDING LOEVNER INTERNATIONAL 14806576 F OTHER SECURITIES 96426462 F SPLIT INTEREST AGREEMENTS 10432512 F BENEFICIAL INTEREST IN TRUSTS 6184127 F VANGAURD TOTAL BOND 13425395 F 157770022 DEFERRED GIFT OBLIGATIONS 4635210 FUNDS HELD ON BEHALF OF OTHERS 10250884 14886094 X 58757569 3437613 46785 14011486 17495884 41261685 0 41261685 33588155 46785 811704 858489 32729666 0 32729666 PART V, LINE 4: TO PROVIDE INCOME FOR THE MAINTENANCE OF THE ORGANIZATION AND ITS CHARITABLE PURPOSES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), BY A DETERMINATION LETTER DATED SEPTEMBER 11, 1958, AND HAS BEEN RULED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME, AS WELL AS INCOME SPECIFICALLY CATEGORIZED AS UNRELATED BY LAW. CERTAIN INVESTMENTS IN ALTERNATIVE INVESTMENTS GENERATE UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDARY OPERATIONS 13,951,225. SPECIAL EVENTS EXPENSES 60,261. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDARY OPERATIONS 751,443. SPECIAL EVENTS EXPENSES 60,261. CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS N/A 42861000 EUROPE 0 0 INVESTMENTS N/A 6070000 EAST ASIA AND PACIFIC 0 0 INVESTMENTS N/A 259000 0 0 0 0 0 0 49190000 0 49190000 1 0 1 1 1 0 X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 FUNDRAISING CONSULTATION FEE 0 420599 259031 161568 420599 259031 161568 AK CA CO CT FL GA HI IL KS MD MA MI MO MS NH NC ND OH OK OR SC TN UT VA WA WV DC MN QUARTERBACK CLUB BANQUET 82750 63904 18846 213 454 24851 350 404 BUSINESS GOLF TOURNAMENT 40974 14008 26966 7768 9544 3836 0 235 2 28731 9368 19363 2917 2498 3843 3000 348 152455 87280 65175 10898 12496 32530 3350 987 60261 4914 1 MONTANA STATE UNIVERSITY PO BOX 172720 BOZEMAN MT 59717 363412482 GOV'T 25032851 288967 FAIR VALUE DONATED ASSETS SCHOLARSHIPS TO MONTANA STATE UNIVERSITY STUDENTS AND PROGRAM SUPPORT. 1 0 PART I, LINE 2: MONTANA STATE UNIVERSITY FOUNDATION (MSUF) MANAGES DISBURSEMENT OF DONOR GIFTS ACCORDING TO PURPOSES SET FORTH BY DONORS. TO REQUEST FUNDS FROM MSUF, MONTANA STATE UNIVERSITY (MSU) PREPARES A VOUCHER COMPLETE WITH DOCUMENTATION AND MSU APPROVAL. MSUF VERIFIES THAT THE EXPENDITURE FALLS WITHIN THE DONOR CRITERIA, MSUF'S DISBURSEMENT POLICY, AND THAT THE REQUEST IS FROM AN AUTHORIZED MSU REPRESENTATIVE. ALL REQUESTS ARE APPROVED BY MSUF BEFORE DISBURSEMENT TO MSU. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHRIS MURRAY CEO/PRESIDENT 247125 0 9500 0 6840 0 18494 0 20227 0 302186 0 0 0 PART I, LINE 1B SOCIAL CLUB DUES ARE PAID FOR INDIVIDUALS WHO NEED TO ENTERTAIN FOR FUNDRAISING PURPOSES. CHRISTOPHER MURRAY RECEIVED $5,940 OF SOCIAL CLUB DUES. X 2 1010 FMV AT DATE OF GIFT X 19000 FMV AT DATE OF GIFT X 67 1216741 STOCK MARKET QUOTES X 6 29233 PROCEEDS FROM SALE X 7 11560 COST OF FOOD DONATED X 61 224026 FMV AT DATE OF GIFT X AUCTION ITEM 55 7145 FMV X EQUIPMENT 5 3696 FMV X OTHER 2 1254 FMV 0 0 1 0 PART I, COLUMN (B): THE FOUNDATION DISCLOSES THE NUMBER OF CONTRIBUTORS IN COLUMN B. FORM 990, PART VI, SECTION A, LINE 1 THE EXECTUIVE COMMITTEE IS COMPOSED OF THE CHAIR, VICE CHAIR, PAST CHAIR, SECRETARY/TREASURER, THE CHAIRS OF THE BUDGET, INVESTMENT, GOVERNANCE, AND NOMINATING COMMITTEES, AND THE CHAIR OF ALUMNI ENGAGEMENT ADVISORY BOARD. THE COMMITTEE SHALL BE RESPONSIBLE FOR THE OVERSIGHT OF ALL ACTIVITIES, OPERATIONS, MONIES AND ASSETS OF THE CORPORATION, SUBJECT TO REVIEW BY THE BOARD. BETWEEN MEETINGS OF THE BOARD, THE COMMITTEE SHALL HAVE GENERAL POWERS TO DECIDE ALL MATTERS RELATING TO THE POLICY, PROPERTY, AND FUNCTIONS OF THE CORPORATION, SUBJECT TO THE APPROVAL OF THE BOARD, BUT SHALL NOT REVERSE THE ACTION OF THE BOARD UPON ANY MATTER WHICH HAS BEEN PRESENTED AND ACTED ON BY THE BOARD. POWERS SHALL INCLUDE, BUT ARE NOT LIMITED TO, THE AUTHORITY TO ACCEPT GIFTS, TO ACQUIRE AND DISPOSE OF PROPERTY, TO BORROW MONEY, AND TO PLEDGE ASSETS OF THE CORPORATION AS SECURITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY MANAGEMENT. THE FORM 990 THEN IS PROVIDED TO THE GOVERNANCE COMMITTEE AND BOARD OF GOVERNORS FOR REVIEW. THE COMMITTEE AND BOARD THEN DISCUSSED THE FORM WITH MANAGEMENT AND APPROVED IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL OFFICERS AND GOVERNORS MUST SIGN THE ACKNOWLEDGEMENT THAT THEY HAVE READ AND COMPLIED WITH THE CONFLICT OF INTEREST POLICY. ANY CONFLICTS DURING THE PERIOD ARE REPORTED AT THIS TIME AND DOCUMENTED. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL SIX (6) THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; AND 2. THE PERSON WHO HAS OR APPEARS TO HAVE A CONFLICT OF INTEREST: A. SHALL BE EXCLUDED FROM THE DISCUSSION OF THE TRANSACTION; OR B. IF DEEMED TO BE IN THE BEST INTEREST OF THE MSU ALUMNI FOUNDATION, MAY PROVIDE INFORMATION FOR AND ANSWER QUESTIONS RELATING TO THE TRANSACTION AS PERMITTED BY AND LIMITED BY THE INDIVIDUAL PRESIDING OVER THE DISCUSSION OF THE TRANSACTION. BY PARTICIPATING, THE PERSON SHALL NOT INTENTIONALLY INFLUENCE A DECISION ON THE MATTER; AND 3. THE PERSON WHO HAS OR APPEARS TO HAVE A CONFLICT OF INTEREST SHALL BE EXCLUDED FROM VOTING ON THE TRANSACTION; AND 4. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS IF APPROPRIATE; AND 5. THE TRANSACTION HAS BEEN APPROVED AS BEING IN THE BEST INTEREST OF THE MSU ALUMNI FOUNDATION; AND 6. ALL DECISIONS AND ACTIONS PURSUANT TO THIS PROVISION ARE CLEARLY DOCUMENTED IN THE MINUTES OF THE PROCEEDING. FORM 990, PART VI, SECTION B, LINE 15A THE CEO IS EVALUATED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS. THIS COMMITTEE MEETS IN A CLOSED SESSION AND DISCUSSES THE CEO'S PERFORMANCE DURING THE YEAR AND COMPARABLE PAY FOR THE POSITION AND REGION. THE CEO'S COMPENSATION IS APPROVED BY A MAJORITY VOTE OF THE EXECUTIVE COMMITTEE, WHICH INCLUDES ALL INDEPENDENT GOVERNORS. THIS PROCESS WAS LAST COMPLETED IN 2019. THE PRESIDENT AND CEO REVIEWS THE PERFORMANCE OF EACH OFFICER & KEY EMPLOYEE OF THE ORGANIZATION. THE PRESIDENT AND CEO REVIEWS THE COMPENSATION OF EACH OFFICER AND KEY EMPLOYEE WITH INPUT FROM THE DIRECTOR OF HR, BASED ON PERFORMANCE AND COMPARABLE PAY AS DETERMINED FROM REGIONAL BENCHMARKING SURVEYS COMPLETED THROUGHOUT THE YEAR. THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION ARE EVALUATED ANNUALLY BY THE PRESIDENT AND CEO AND GIVEN NOTICE OF THEIR COMPENSATION DURING THE PERFORMANCE REVIEW MEETING. THIS PROCESS WAS LAST COMPLETED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 286,265. MONTANA STATE UNIVERSITY - BOZEMAN PO BOX 172720 BOZEMAN MT 59717 363412482 PUBLIC UNIVERSITY MT 115 N/A N/A 0 MSU INNOVATION CAMPUS PO BOX 172755 BOZEMAN MT 59717 445507328 REAL ESTATE MT 501(C)(3) LINE 10 MSU FOUNDATION 1 ADVANCED TECHNOLOGY INC PO BOX 172755 BOZEMAN MT 59717 810448958 REAL ESTATE MT MSU FOUNDATION C 160475 2505289 1.00000 1 1 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 1 0 0 MSU INNOVATION CAMPUS D 277835 AMOUNT PAID ADVANCED TECHNOLOGY INC E 64255 AMOUNT PAID ADVANCED TECHNOLOGY INC F 300000 AMOUNT PAID MONTANA STATE UNIVERSITY L 1500000 AMOUNT RECEIVED MONTANA STATE UNIVERSITY M 223077 AMOUNT PAID