2019-05-01T11:01:52-05:00 2018-06-30 271728945 PKF O'CONNOR DAVIES LLP 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2017-07-01 223160107 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION INC WILL 9737202615 300 POMPTON ROAD WAYNE NJ 07470 PAMELA L FERGUSON PRESIDENT 9737202425 2019-04-16 1 JOSEPH N RUSSELL P00168046 2017129800 2019-04-15 47.19.39.42 2019-04-16 14:26:40 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CA72600D86868BB63E6792AE27374A61CFC4C663 2017 2019-02-21 02:37:17Z PAMELA L FERGUSON 300 POMPTON ROAD WAYNE NJ 07470 8384058 0 X WWW.WPUNJ.EDU/GIVING X 1992 NJ THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN SO DOING, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY AND OTHER CONSTITUENT GROUPS. 24 24 0 27 0 0 2960414 2368612 0 0 866877 1213573 19036 4604 3846327 3586789 2085324 2056810 0 0 0 0 0 0 113861 287377 287776 2372701 2344586 1473626 1242203 25957341 27791134 890860 1194382 25066481 26596752 X THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN SO DOING, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY AND OTHER CONSTITUENT GROUPS. 0 0 1213750 1203162 SUPPORT THE UNIVERSITY'S SCHOLARSHIP PROGRAM. THE FOUNDATION RAISES FUNDS IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS IN PAYING THEIR TUITION, DOES NOT REQUIRE REPAYMENT OR A WORK OBLIGATION. THESE SCHOLARSHIPS CAN BE AWARDED TO ENROLLED WILLIAM PATERSON UNIVERSITY STUDENTS WHO DEMONSTRATE ACADEMIC PROFICIENCY, AND/OR FINANCIAL NEED. THE AWARDING OF SCHOLARSHIPS POSITIVELY IMPACTS STUDENTS, PROVIDING CRITICAL FINANCIAL ASSISTANCE AND ENCOURAGEMENT NEEDED TO CONTINUE THEIR EDUCATION. 876759 853648 PROVIDE SUPPORT TO THE UNIVERSITY'S ACADEMIC AND ATHLETIC PROGRAMS AS WELL AS RAISE FUNDS FOR FACILITY ENHANCEMENT (CAPITAL CAMPAIGNS). THE UNIVERSITY OFFERS A WIDE RANGE OF INNOVATIVE ACADEMIC PROGRAMS INCLUDING SEVERAL THAT PROVIDE DONORS WITH AN OUTSTANDING OPPORTUNITY TO MAKE A SPECIAL IMPACT THROUGH THEIR SUPPORT. EXAMPLES OF THESE PROGRAMS ARE AS FOLLOWS: RUSS BERRIE INSTITUTE FOR PROFESSIONAL SALES, THE CENTER FOR CHINESE ART, COTSAKOS COLLEGE OF BUSINESS COIN PROJECT, ADVANCE MUSIC STUDIES AND PERFORMANCE (MUSIC AFTER SCHOOL PROGRAM), PROFESSORS IN RESIDENCE, SUMMER JAZZ PROGRAM, LIVING JAZZ ARCHIVES, HELLER INSTITUTE OF TEACHING & LEARNING, NJ NATIONAL HISTORY DAY, TEACHING THROUGH MONARCHS, PSE&G STEM HIGH SCHOOL SUMMER PROGRAM, PESCE MENTORING INSTITUTE, ETC. 1000 THE FOUNDATION ASSISTS THE UNIVERSITY IN PROVIDING CULTURAL EVENTS; EXAMPLES INCLUDE THE LATIN AMERICAN LECTURE SERIES AND THE ANNUAL THOMAS JEFFERSON LECTURE. 2091509 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 0 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT WA WV WI WY X X YVETTE VIERA VILLANUEVA 9737203221 300 POMPTON ROAD WAYNE NJ 07470 AARON VAN DUYNE III CHAIR 0.50 X X 0 0 0 ALLEN MAGRINI VICE CHAIR 0.50 X X 0 0 0 LINDA NIRO TREASURER 0.50 X X 0 0 0 RUSSELL HAWKINS SECRETARY 0.50 X X 0 0 0 JEAN AIRES BOARD MEMBER 0.50 X 0 0 0 STEPHEN BOLYAI BOARD MEMBER 0.50 X 0 0 0 RAFAEL CUELLAR BOARD MEMBER 0.50 X 0 0 0 BOB DEVINE BOARD MEMBER 0.50 X 0 0 0 JOSEPH J DOURESS BOARD MEMBER, THRU 11/30/17 0.50 X 0 0 0 WILLIAM DUFFY BOARD MEMBER 0.50 X 0 0 0 RUSSELL FISHKIND BOARD MEMBER 0.50 X 0 0 0 MICHAEL FITZGERALD BOARD MEMBER 0.50 X 0 0 0 ALLAN GORAB BOARD MEMBER 0.50 X 0 0 0 FREDERICK GRUEL BOARD MEMBER 0.50 X 0 0 0 LES HIRSCH BOARD MEMBER 0.50 X 0 0 0 AMY IBRAHIMAJ BOARD MEMBER 0.50 X 0 0 0 CONSTANTINE LENAS BOARD MEMBER 0.50 X 0 0 0 JAMES NALL BOARD MEMBER 0.50 X 0 0 0 CRAIG ROTHENBERG BOARD MEMBER, THRU 4/15/18 0.50 X 0 0 0 MICHAEL A SEEVE BOARD MEMBER 0.50 X 0 0 0 ROBERT VANLANGEN BOARD MEMBER, THRU 10/7/17 0.50 X 0 0 0 KATHLEEN WALDRON BOARD MEMBER 0.50 X 0 0 0 DOMENICO DIMAIO BOARD MEMBER 0.50 X 0 0 0 LAUREN LOCKER BOARD MEMBER 0.50 X 0 0 0 JENNIFER MAZAWEY BOARD MEMBER 0.50 X 0 0 0 RICHARD MILLER BOARD MEMBER 0.50 X 0 0 0 MARY KAY SCUCCI BOARD MEMBER 0.50 X 0 0 0 PAMELA L FERGUSON PRESIDENT (NON-VOTING) 14.00 X 78642 0 13020 78642 0 13020 0 0 0 1 GOLDMAN SACHS & CO 1735 MARKET ST PHILADELPHIA PA 19103 INVESTMENT MANAGEMENT FEES 121898 1 188008 2180604 8144 2368612 415131 415131 5508126 4709684 798442 798442 798442 80496 188008 87280 -6784 -6784 1473 305 1168 1168 OTHER REVENUE 900099 10220 10220 10220 3586789 0 0 1218177 1108985 1108985 947825 947825 131911 131911 2050 2050 19545 19545 5214 5214 ALLOCATED SALARIES & BE 111811 111811 STUDENT AWARDS 7900 7900 RECEPTIONS 7254 7254 MISCELLANEOUS 2091 2091 2344586 2091509 139216 113861 3056795 2338568 2029028 3552260 1751857 1516375 2357 19075958 20346784 41346 37147 25957341 27791134 48901 28469 83719 190703 21750 18475 736490 956735 890860 1194382 X 4326850 4937675 10080732 10435002 10658899 11224075 25066481 26596752 25957341 27791134 1242203 288068 0 X X 0 1 X 1 0 X 4259576 3364022 2494403 2960414 2368612 15447027 4259576 3364022 2494403 2960414 2368612 15447027 2040619 13406408 352194 376556 451104 316202 415131 1911187 10674 10674 22623 26961 19302 8362 10220 87468 17456356 0.76800 0.79610 X 14406886 999511 995839 470118 15932118 12082768 1227205 1471025 374112 14406886 12234478 428327 -219466 360571 12082768 11677591 516207 452600 411920 12234478 8608583 1888106 1348710 167808 11677591 0.18150 0.68280 0.13570 0 0 0 DUE TO WILLIAM PATERSON UNIVERSITY OF NEW JERSEY 553373 ANNUITIES PAYABLE 403362 956735 X 5022999 288068 1192468 87585 1568121 3454878 131911 131911 3586789 3492728 1192468 87585 1280053 2212675 131911 131911 2344586 PART V, LINE 4: THE FOUNDATION CURRENTLY MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS WHOSE PURPOSES ARE TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST REVENUE 87,585. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST REVENUE 87,585. LEGACY DINNER 149204 121048 28156 2813 23306 400 4130 GOLF OUTING 119300 66960 52340 3200 34169 5616 13646 268504 188008 80496 3200 36982 28922 400 17776 87280 -6784 1 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY 300 POMPTON ROAD WAYNE NJ 07470 222781603 170(C)(1) 1087629 21356 FMV ART, BOOKS, AND CLASSROOM EQUIPMENT PROVIDE RESOURCES TO THE UNIVERSITY FOR EDUCATIONAL PURPOSES 1 SCHOLARSHIPS 428 947825 PART I, LINE 2: THE SCHOLARSHIP COMMITTEE OF WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION IN CONJUNCTION WITH THE GRANT COMMITTEE OF WILLIAM PATERSON UNIVERSITY OF NEW JERSEY ALUMNI ASSOCIATION JOINTLY MEET TO DISCUSS AND DETERMINE THE RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS TO BE AWARDED DURING THE ORGANIZATIONS' TAX YEAR. FOR THE TAX YEAR ENDING 6/30/2018 A TOTAL OF 428 RECIPIENTS RECEIVED SCHOLARSHIPS AND FELLOWSHIPS IN THE AMOUNTS OF $947,825 AWARDED BY THE FOUNDATION AND $27,634 BY THE ALUMNI ASSOCIATION. THE FOUNDATION MAINTAINS DETAILED RECORDS WHICH SUBSTANTIATE THE EXPENDITURES OF THE FOUNDATION. ALSO, MANAGEMENT OF THE FOUNDATION INTERACTS EXTENSIVELY WITH THE UNIVERSITY TO MONITOR THE USE OF THESE FUNDS. 0 0 0 0 0 0 0 0 0 PAMELA L FERGUSON PRESIDENT (NON-VOTING) 76562 0 0 0 2080 0 4512 0 8508 0 91662 0 0 0 PART VII, LINE 1 PAMELA FERGUSON, PRESIDENT, IS EMPLOYED AND COMPENSATED BY WILLIAM PATERSON UNIVERSITY OF NEW JERSEY, AN UNRELATED PARTY. SHE DEVOTES 40% OF HER TIME TO THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 40% OF HER COMPENSATION ALLOCATED TO THE FOUNDATION ($91,662). FORM 990, PART VI, SECTION B, LINE 11B THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED,IT IS REVIEWED BY THE FINANCE & OPERATIONS MANAGER,AND AUDIT COMMITTEE.BEFORE IT IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE COMPLIANCE OFFICER OR COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT 300 POMPTON ROAD, WAYNE, NJ 07470 OR BY CALLING THE ORGANIZATION DIRECTLY AT 973-720-2615. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE MONITORS THE FINANCIAL ACCOUNTING AND REPORTING SYSTEMS AND INTERNAL CONTROLS APPLICABLE TO FINANCIAL REPORTING AND COMPLIANCE WITH TAX REGULATIONS. IT APPOINTS THE INDEPENDENT AUDITORS THAT CONDUCT THE ANNUAL AUDIT OF FINANCIAL STATEMENTS IN ACCORDANCE WITH GENERALLY ACCEPTED AUDITING STANDARDS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR REVIEWING THE 990 FORM. THIS PROCESS HAS NOT CHANGED FROM THE PROCESS FOLLOWED IN THE PRIOR TAX YEAR.