2018-03-09T15:50:52-06:00 2017-06-30 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2016-07-01 420796760 STATE UNIVERSITY OF IOWA FOUNDATION STAT 3193353305 PO BOX 4550 IOWA CITY IA 522444550 SHERRI P FURMAN VP, CFO & TREASURER 3193353305 2018-02-27 1 CARLEY UMSTEAD P00982177 3192985333 108.171.132.189 2018-02-27 15:12:02 CS P 4112A9C970F97488D3F1246396EE2EB9B9E618F1 D04D5DB1DA516F7CDE7A72D4ABD32318AB2DC8AF 2016 2021-01-29 14:40:06Z UNIVERSITY OF IOWA FOUNDATION LYNETTE L MARSHALL PO BOX 4550 IOWA CITY IA 52242 211257134 0 X WWW.FORIOWA.ORG X 1956 IA SEE SCHEDULE O FOR MISSION STATEMENT 31 31 209 33 -1025545 -1050147 134251208 154869675 15901872 16943683 8424479 9530792 1880127 295012 160457686 181639162 97153772 132186603 0 0 20338445 22126966 970349 879048 15366714 5595033 6031971 124057599 161224588 36400087 20414574 1345916667 1455176704 125695004 125986382 1220221663 1329190322 X SEE SCHEDULE O FOR MISSION STATEMENT 0 0 133308033 132186603 18264240 GRANTS PROVIDE RESOURCES TO THE UNIVERSITY OF IOWA FOR STUDENT AND FACULTY SUPPORT, RESEARCH, CAPITAL PROJECTS AND PROGRAM SUPPORT 133308033 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 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 1 0 0 1 59 0 1 209 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA DC FL GA KY MA MD ME MI MN NH NJ NV NY OH OR PA SC TN UT WA WI WV X X SHERRI FURMAN 3193353305 ONE WEST PARK ROAD PO BOX 4550 IOWA CITY IA 522444550 DALE E BAKER DIRECTOR 1.00 1.00 X 0 0 0 P SUE BECKWITH DIRECTOR 1.00 1.00 X 0 0 0 THOMAS R BUROKER DIRECTOR 1.00 1.00 X 0 0 0 JAMES W CARNEY DIRECTOR 1.00 1.00 X 0 0 0 ANDREW W CODE DIRECTOR 1.00 1.00 X 0 0 0 RALPH H CONGDON DIRECTOR 1.00 1.00 X 0 0 0 KATHLEEN A DORE DIRECTOR 1.00 1.00 X 0 0 0 JANICE R ELLIG DIRECTOR 1.00 1.00 X 0 0 0 DAVID J FISHER DIRECTOR 1.00 1.00 X 0 0 0 CASSANDRA S FOENS DIRECTOR 1.00 1.00 X 0 0 0 NOLDEN GENTRY DIRECTOR 1.00 1.00 X 0 0 0 KEVIN R GRUNEICH DIRECTOR 1.00 1.00 X 0 0 0 LEONARD A HADLEY DIRECTOR 1.00 1.00 X 0 0 0 THOMAS R HANSON VICE CHAIR/DIRECTOR 1.00 1.00 X X 0 0 0 J BRUCE HARRELD DIRECTOR 1.00 2.00 X 0 0 0 CAROL HAVENMANN-LYNCH DIRECTOR (EFFECTIVE 10/16) 1.00 1.00 X 0 0 0 MIEKELEEN HART DIRECTOR 1.00 1.00 X 0 0 0 DONALD HEINEKING DIRECTOR 1.00 1.00 X 0 0 0 DAVID A HOAK DIRECTOR 1.00 1.00 X 0 0 0 ROGER L LANDE DIRECTOR (UNTIL 10/16) 1.00 1.00 X 0 0 0 CURTIS K LANE DIRECTOR 1.00 1.00 X 0 0 0 KATHERINE A PETERSEN LINDER DIRECTOR 1.00 1.00 X 0 0 0 CASEY D MAHON DIRECTOR 1.00 1.00 X 0 0 0 BARBARA A MCKENZIE DIRECTOR 1.00 1.00 X 0 0 0 JOHN PAPPAJOHN DIRECTOR 1.00 1.00 X 0 0 0 GARY F SEAMANS DIRECTOR 1.00 2.00 X 0 0 0 MARY JOY STEAD DIRECTOR 1.00 1.00 X 0 0 0 GREGS G THOMOPULOS DIRECTOR 1.00 1.00 X 0 0 0 NATHAN R TROSS DIRECTOR 1.00 1.00 X 0 0 0 THOMAS VEALE DIRECTOR (EFFECTIVE 10/16) 1.00 1.00 X 0 0 0 ROBERT W VERHILLE DIRECTOR (UNTIL 10/16) 1.00 1.00 X 0 0 0 NANCY B WILLIS DIRECTOR 1.00 1.00 X 0 0 0 CATHERINE ZAHARIS CHAIR/DIRECTOR 1.00 1.00 X X 0 0 0 LYNETTE L MARSHALL PRESIDENT 40.00 6.00 X 472826 0 43880 TIFFANI K SHAW VP/ASST SECRETARY 40.00 6.00 X 297060 0 42453 SHERRI P FURMAN CFO/TREASURER 40.00 11.00 X 179858 0 35677 DIANE K BROWNLEE SECRETARY 40.00 5.00 X 55255 0 6345 JACKIE LEWIS SENIOR VP DEVELOPMENT 40.00 X 258692 0 34246 DAVID TRIPLETT VP DEVELOPMENT RESOURCES(UNTIL 5/17) 40.00 X 202374 0 37333 SHEILA BALDWIN VP HEALTH SCIENCES DEVELOP 40.00 X 172031 0 45709 JIM BETHEA VP/CHIEF INVESTMENT OFFICE 40.00 X 221468 0 34420 TOM K DEPRENGER VP PRINCIPAL GIFTS 40.00 X 187373 0 40643 DAVID DIERKS VICE PRESIDENT 40.00 X 192539 0 32277 SHAWN WAX VP MAIN CAMPUS DEV (UNTIL 1/17) 40.00 X 192194 0 39315 2431670 0 392298 27 0 1 0 AMERGENT INC 9 CENTENNIAL DRIVE PEABODY MA 01960 MAIL SOLICITATION 514541 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 TELEPHONE SOLICITATION 475212 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE DEV/CONSULTANTS 330072 FUND EVALUATION GROUP LLC PO BOX 78000 DETROIT MI 48278 FINANCIAL CONSULTANT 274253 KP - JMP LLC 45 BRAINTREE HILL OFFICE PARK STE 2 BRAINTREE MA 02184 PRINT & MAIL 203128 6 154869675 11026225 154869675 FUNDRAISING REVENUE 900099 16943683 16943683 16943683 5006663 5006663 34142101 29617972 4524129 4524129 4524129 MNGMT & SERVICE FEE INCOME 900099 1320557 1320557 INVESTMENT PARTNERSHIP 900099 -1025545 -1025545 295012 181639162 18264240 -1025545 9530792 132186603 132186603 1845422 226661 738657 880104 15916605 693961 6045433 9177211 2771166 126078 1069210 1575878 500256 25013 190097 285146 1093517 49717 426627 617173 64050 64050 90829 90829 879048 879048 328746 302446 26300 983942 983942 640314 633911 6403 1037684 1037684 495525 495525 377445 377445 111388 111388 815266 815266 186398 186398 STAFF TRAINING & DEVELO 424993 293245 131748 POSTAGE/MAIL HANDLING 241443 12072 229371 PRINTING/PUBLICATIONS 205572 37003 168569 STAFF RECRUITMENT 28376 28376 161224588 133308033 12549841 15366714 27255546 20763030 114811615 147357849 228037 241959 37243424 14604874 23156738 22638550 821808163 848275764 358656568 415899552 1345916667 1455176704 4413798 2134777 2345000 1605000 118936206 122246605 125695004 125986382 X 30911483 29599390 553362184 605023813 635947996 694567119 1220221663 1329190322 1345916667 1455176704 X 20414574 88508959 45126 X 0 1 X 1 0 X 88710961 109169558 110648450 134251208 154869675 597649852 88710961 109169558 110648450 134251208 154869675 597649852 71991022 525658830 4857614 3517370 3923358 4388733 5016315 21703390 606751 606751 13433528 13291401 13711539 17175248 18264240 75875956 695835949 0.75540 0.79500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 761545397 36351714 70508237 10755004 21960042 835690302 747226268 56125986 -11255189 9994219 20557449 761545397 724945770 29997289 19811108 10231084 17296815 747226268 648875735 23799786 76629175 8103080 16255846 724945770 587791442 24649021 59624505 7442297 15746936 648875735 1.00000 0 0 5488110 5488110 25768665 9791912 15976753 3418182 2271681 1146501 2568467 2541281 27186 22638550 ASSETS IN LIVING TRUSTS 59549660 F FACILITIES CORPORATION 2005333 F CASH VALUE OF LIFE INSURANCE 7037014 F BENEFICIAL INT PERPETUAL TRUST 16480793 F MANAGED SEPARATE INVESTMENT ACCTS 329890340 F OTHER 936412 F 415899552 ANNUITY AND LIFE INCOME OBLIGATIONS 24407686 AMOUNT HELD ON BEHALF OF OTHERS 97838919 122246605 X 270365759 88508959 217638 88726597 181639162 0 181639162 161397100 172512 172512 161224588 0 161224588 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE INVESTMENT OBJECTIVE OF THE ENDOWMENT IS TO SEEK MAXIMUM TOTAL RETURN CONSISTENT WITH THE PRESERVATION OF PRINCIPAL, DIVERSIFICATION AND AVOIDANCE OF EXCESSIVE RISK. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE FOUNDATION AS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2014 NOR HAS THE FOUNDATION BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF UNIVERSITY OF IOWA FACILITIES CORPORATION 217,638. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF UNIVERSITY OF IOWA FACILITIES CORPORATION 172,512. EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 27117000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 11740000 NORTH AMERICA 0 0 INVESTMENTS 4549000 0 0 0 0 0 0 43406000 0 43406000 1 0 0 1 1 0 PART I, LINE 3: ACCOUNTING METHOD IS FAIR MARKET VALUE PART I THE ORGANIZATION RECEIVED CONTRIBUTIONS FROM DONORS OUTSIDE THE U.S. DURING THE TAX YEAR AND HAD NO FOREIGN EXPENDITURES DURING THE YEAR. X X X X X 1 AMERGENT INC 9 CENTENNIAL DRIVE PEABODY MA 01960 MAIL SOLICITATION 0 699879 520936 178943 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 TELEPHONE SOLICITATION 0 394625 358047 36578 1094504 878983 215521 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV 1 STATE UNIVERSITY OF IOWA 4 JESSUP HALL IOWA CITY IA 522421316 426004813 SECTION 115 132186603 STUDENT FINANCIAL AID, RESEARCH & ACADEMIC PROGRAMS 1 0 PART I, LINE 2: GRANTS (OR TRANSFERS TO THE UNIVERSITY OF IOWA) FROM THE UNIVERSITY OF IOWA FOUNDATION ARE SUBJECT TO UNIVERSITY OF IOWA AND UNIVERSITY OF IOWA FOUNDATION POLICIES AND PROCEDURES. BY SUBMISSION OF AN APPROVED REQUEST FOR TRANSFER OR EXPENDITURE, THE UNIVERSITY OF IOWA DEPARTMENT ACKNOWLEDGES THAT THE EXPENSE COMPLIES WITH DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. ALL TRANSFER REQUESTS MUST INCLUDE A WRITTEN DESCRIPTION OF THE NATURE, DATE, PURPOSE AND THE AMOUNT OF THE REIMBURSABLE EXPENSE AND SIGNATURE OF AN AUTHORIZED UNIVERSITY OF IOWA ACCOUNT REPRESENTATIVE. ULTIMATE EXPENDITURE FOR THE SPECIFIED PURPOSE MUST BE MADE THROUGH UNIVERSITY OF IOWA IN ACCORDANCE WITH ITS PURCHASING POLICIES. SUPPORTING DOCUMENTATION MUST BE ATTACHED OR BE AVAILABLE IF REQUESTED BY THE UNIVERSITY OF IOWA FOUNDATION. X X X X X 0 0 0 0 0 0 0 0 0 LYNETTE L MARSHALL PRESIDENT 391274 0 80004 0 1548 0 26500 0 17380 0 516706 0 0 0 TIFFANI K SHAW VP/ASST SECRETARY 281884 0 14636 0 540 0 26500 0 15953 0 339513 0 0 0 SHERRI P FURMAN CFO/TREASURER 178310 0 0 0 1548 0 18513 0 17164 0 215535 0 0 0 JACKIE LEWIS SENIOR VP DEVELOPMENT 244864 0 13000 0 828 0 25283 0 8963 0 292938 0 0 0 DAVID TRIPLETT VP DEVELOPMENT RESOURCES(UNTIL 5/17) 197802 0 0 0 4572 0 20418 0 16915 0 239707 0 0 0 SHEILA BALDWIN VP HEALTH SCIENCES DEVELOP 164671 0 7000 0 360 0 17929 0 27780 0 217740 0 0 0 JIM BETHEA VP/CHIEF INVESTMENT OFFICE 221108 0 0 0 360 0 22500 0 11920 0 255888 0 0 0 TOM K DEPRENGER VP PRINCIPAL GIFTS 178825 0 7000 0 1548 0 18588 0 22055 0 228016 0 0 0 DAVID DIERKS VICE PRESIDENT 142907 0 45060 0 4572 0 16119 0 16158 0 224816 0 0 0 SHAWN WAX VP MAIN CAMPUS DEV (UNTIL 1/17) 184654 0 7000 0 540 0 19323 0 19992 0 231509 0 0 0 X 246 8630506 AVG OF HIGH & LOW X 1 20006 FAIR MARKET VALUE X 11 988911 ACTUARIAL CALCULATION X 3 1386802 SELLING PRICE 4 0 1 1 PART I, COLUMN (B): LINE 9, 10, 11 NUMBER OF CONTRIBUTIONS RECEIVED LINE 16 NUMBER OF PROPERTIES SOLD FORM 990, PART I, LINE 1 THE UNIVERSITY OF IOWA FOUNDATION WAS ESTABLISHED TO RAISE PRIVATE GIFT SUPPORT ON BEHALF OF THE UNIVERSITY OF IOWA AND TO SERVE AS THE UNIVERSITY'S PRIMARY FUNDRAISING ORGANIZATION. OUR MISSION STATEMENT IS: ADVANCING THE UNIVERSITY OF IOWA AND FULFILLING THE ASPIRATIONS OF THOSE IT SERVES. FORM 990, PART III, PAGE 2: BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION THE UNIVERSITY OF IOWA FOUNDATION WAS ESTABLISHED TO RAISE PRIVATE GIFT SUPPORT ON BEHALF OF THE UNIVERSITY OF IOWA, AND TO SERVE AS THE UNIVERSITY'S PRIMARY FUNDRAISING ORGANIZATION. OUR MISSION STATEMENT IS: ADVANCING THE UNIVERSITY OF IOWA AND FULFILLING THE ASPIRATIONS OF THOSE IT SERVES. FORM 990, PART VI, SECTION A, LINE 1 THE STATE UNIVERSITY OF IOWA FOUNDATION'S BOARD OF DIRECTORS THROUGH ITS BYLAWS, DELEGATES AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AND EXERCISES ALL OF THE POWERS OF THE BOARD BETWEEN MEETINGS OF THE BOARD TO THE EXTENT PERMITTED BY LAW. REPORTS OF THE ACTION OF THE EXECUTIVE COMMITTEE ARE SUBMITTED TO THE BOARD AT ITS NEXT MEETING FOLLOWING THE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND NOT FEWER THAN THREE OR MORE THAN NINE MEMBERS OF THE BOARD APPOINTED BY THE BOARD AT ITS ANNUAL MEETING. THE PRESIDENT OF THE STATE UNIVERSITY OF IOWA IS AN EX OFFICIO MEMBER WITH VOTING POWER. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A SUBCOMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A DETAILED REVIEW OF THE FORM 990. FOLLOWING THE DETAILED REVIEW, THE FINAL FORM 990 IS POSTED ON THE BOARD WEBSITE AND ALL BOARD MEMBERS ARE NOTIFIED TO ACCESS THE WEBSITE AND REVIEW THE FORM PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE STATE UNIVERSITY OF IOWA FOUNDATION'S (UIF) BOARD OF DIRECTORS, BOARD COMMITTEE MEMBERS, AND OFFICERS (RESPONSIBLE PERSONS) HAVE A DUTY TO CONDUCT ACTIVITIES OF THE UIF WITH THE HIGHEST ETHICAL STANDARDS AND TO MAKE DECISIONS CONCERNING THE UIF SOLELY TO ADVANCE ITS MISSION AND INTERESTS. THIS CONFLICT OF INTEREST POLICY IS TO ASSIST THE FOUNDATION AND RESPONSIBLE PERSONS IN IDENTIFYING SITUATIONS THAT PRESENT POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND TO SPECIFY PROCEDURES FOR MANAGING THEM. REPORTING PROCEDURES: EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE AND SUBMIT A STATEMENT SETTING FORTH ANY AND ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT ARE ANTICIPATED TO OCCUR IN THE COMING FISCAL YEAR. THE ANNUAL STATEMENT WILL BE INITIALLY REVIEWED BY THE CHAIR OF THE BOARD. IN ADDITION TO THE ANNUAL DISCLOSURE STATEMENT, UPON BECOMING AWARE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST NOT PREVIOUSLY DISCLOSED, A RESPONSIBLE PERSON MUST PROMPTLY REPORT IN WRITING TO THE CHAIR OF THE BOARD. THE CHAIR'S ANNUAL STATEMENT AND SUPPLEMENTAL REPORTS, IF ANY, SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE. DETERMINATION OF CONFLICT: THE EXECUTIVE COMMITTEE, WITHOUT THE AFFECTED RESPONSIBLE PERSON PRESENT, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE MATERIAL FACTS OF THE RESPONSIBLE PERSON'S CONFLICT OF INTEREST WILL BE DISCLOSED TO THE BOARD OF DIRECTORS. ACTION AND RECUSAL: THE BOARD SHALL DETERMINE WHETHER TO AUTHORIZE, APPROVE OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLELY ON WHETHER IT IS IN THE BEST INTEREST OF THE STATE UNIVERSITY OF IOWA FOUNDATION IN PERFORMING ITS MISSION. THE AUTHORIZATION, APPROVAL AND/OR RATIFICATION MUST BE ACCOMPLISHED BY AN AFFIRMATIVE VOTE, AS APPLICABLE, OF A MAJORITY OF THE DIRECTORS ON THE BOARD WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE ARRANGEMENT/TRANSACTION. IT MAY NOT BE MADE BY A SINGLE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL SERVE AS A COMPENSATION COMMITTEE IN FULFILLING THE BOARD'S OVERSIGHT RESPONSIBILITIES FOR DETERMINING THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION AND BENEFITS PAID TO THE PRESIDENT AND CEO, THE EXECUTIVE VICE PRESIDENT, COO, CFO AND TREASURER, OTHER BOARD ELECTED OFFICIALS, AND KEY EMPLOYEES (COLLECTIVELY REFERRED TO AS DISQUALIFIED PERSONS). THE EXECUTIVE COMMITTEE SHALL PERFORM THE FOLLOWING RESPONSIBILITIES: 1. ESTABLISH PERFORMANCE CRITERIA, SET TERMS OF EMPLOYMENT, AND ESTABLISH TOTAL COMPENSATION ARRANGEMENT FOR THE PRESIDENT AND CEO. 2. IDENTIFY, WITH THE ASSISTANCE OF THE PRESIDENT, OTHER DISQUALIFIED PERSONS. 3. REVIEW AND APPROVE RECOMMENDATIONS OF THE PRESIDENT OF THE TERMS OF EMPLOYMENT AND TOTAL COMPENSATION OF ALL DISQUALIFIED PERSONS. THE EXECUTIVE COMMITTEE SHALL REGULARLY OBTAIN, REVIEW AND CONSIDER RELEVANT COMPARATIVE DATA OF COMPENSATION AND BENEFIT LEVELS PAID/PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS. THE STATE UNIVERSITY OF IOWA FOUNDATION ANNUALLY PERFORMS A COMPENSATION REVIEW FOR ALL OFFICERS, KEY EMPLOYEES, AND FIVE HIGHEST PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST; INSTRUCTIONS FOR DOING SO ARE INCLUDED ON THE FOUNDATION'S WEBSITE (WWW.FORIOWA.ORG). FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF THE UNIVERSITY OF IOWA FACILITIES CORPORATION 45,126. SUBSEQUENT EVENT IN SEPTEMBER, 2017 THE BOARDS OF THE UNIVERSITY OF IOWA FOUNDATION (THE FOUNDATION) AND THE UNIVERSITY OF IOWA ALUMNI ASSOCIATION (THE ASSOCIATION) VOTED IN FAVOR OF MERGING THE ASSOCIATION WITH THE FOUNDATION TO CREATE ONE NEW UNIFIED ORGANIZATION. THE UNIVERSITY OF IOWA FOUNDATION WILL CONTINUE IN EXISTENCE AS THE SURVIVING ORGANIZATION. THE EFFECTION DATE OF THE TRANSACTION WILL BE DECEMBER 31, 2017. UNIVERSITY OF IOWA FACILITIES CORPORATION ONE WEST PARK ROAD IOWA CITY IA 52242 420931777 PROPERTY ACQUISITION IA 501(C)3 LINE 12A, I STATE UNIVERSITY OF IOWA FOUNDATION 1 STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION ONE WEST PARK ROAD IOWA CITY IA 52242 421129040 SUPPORT ORGANIZATION IA 501(C)3 LINE 12A, I STATE UNIVERSITY OF IOWA FOUNDATION 1 JACK R VOLLERTSEN ANNUITY TRUST US BANK NA PO BOX 2043 MILWAUKEE WI 53201 421284566 SUPPORT ORGANIZATION IA 501(C)3 LINE 12C, III-FI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION S 408000 BOARD APPROVAL STANLEY-UNIVERSITY OF IOWA FOUNDATION SUPPORT ORGANIZATION Q 130917 INVESTMENT MGMT FEE