2017-10-31T15:56:05-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 225 S 6th St 2300 Minneapolis MN 55402 990 2016-07-01 450348296 UND Alumni Association and Foundation UNDA 7017772611 3501 University Avenue Stop 8157 Grand Forks ND 58202 Laura Block Chief Financial Officer 7017772611 2017-10-23 1 Lawrence H Mohr CPA P00447603 6128764500 38.88.188.75 2017-10-23 10:57:39 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 167182DFA60A41E45EAE2F4EF9C72CA9A698CA21 2016 2018-03-14 21:41:22Z DEANNA CARLSON ZINK 3501 University Avenue Stop 8157 Grand Forks ND 58202 64081455 0 X WWW.UNDALUMNI.ORG X 1978 ND THE UND ALUMNI ASSOCIATION & FOUNDATION SUPPORTS UNIVERSITY OF NORTH DAKOTA STUDENTS, FACULTY, ALUMNI AND THE GREATER COMMUNITY BY PROVIDING RESOURCES FOR GROWTH AND DEVELOPMENT. 22 21 109 22 0 0 22033303 33582616 3871626 3340857 13101481 4476311 374506 318660 39380916 41718444 26118543 19702010 0 0 3234485 3429186 207300 106775 2621597 2706291 2639236 32266619 25877207 7114297 15841237 329935843 371046480 58148145 57228594 271787698 313817886 X THE UND ALUMNI ASSOCIATION AND FOUNDATION FOSTERS CONNECTIONS, INSPIRES GENEROSITY, AND ADVANCES THE UNIVERSITY OF NORTH DAKOTA. THE ORGANIZATION SUPPORTS UNIVERSITY OF NORTH DAKOTA STUDENTS, FACULTY, ALUMNI AND THE GREATER COMMUNITY BY PROVIDING RESOURCES FOR GROWTH AND 0 0 6433043 6433043 1090847 Student support is a top priority. In FY17, the Organization granted $6.4 million to the University of North Dakota to be used to award scholarships to students in the fiscal year. The student support priority to increase endowment support for scholarships will enable the University to recruit and retain top students. 3417302 3417302 579470 The University of North Dakota Alumni Associaton and Foundation granted over $3 million to the University of North Dakota for building projects on campus. The new and renovated buildings enhance the programs and opportunities for students and help transform the University for the future benefit of students and the community. 7298252 7298252 1237559 The UND Alumni Association and Foundation provided over $7 million in support to the University for faculty initiatives, programs and campus improvement projects as directed by donors' gift designations, and for the University's priority needs during the past fiscal year. 2553413 2553413 432981 The Engagement & Coummunications program is a large component of program services and is at the forefront of the UND Alumni Association and Foundation, encompassing both alumni and donor relations. Engagement of our alumni and donors is essential for the Organization to achieve its mission in service of the University of North Dakota, and it is accomplished by building meaningful relationships with alumni and donors. Alumni and donors are engaged through strategic communication via publications, social media, events, and other programs. 2553413 2553413 432981 19702010 1 1 0 1 0 1 0 1 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 86 0 109 1 1 1 0 0 0 0 1 1 1 2 0 0 0 X 22 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ND WV AK CA CO MA NH NY OH OR WA MD NJ MI MN X X LAURA BLOCK 7017772611 3501 UNIVERSITY AVENUE STOP 8157 GRAND FORKS ND 58202 Cindy Blikre Director 1.00 X 0 0 0 mark kennedy ex-Officio 1.00 X 0 0 0 david saggau director 1.00 X 0 0 0 Doug Mark Director 1.00 X 0 0 0 Rick lee Director 1.00 X 0 0 0 Linda Laskowski Director 1.00 X 0 0 0 Chuck Kluenker Director 1.00 X 0 0 0 marten hoekstra Director 1.00 X 0 0 0 dr john gray director 1.00 X 0 0 0 Phil Gisi Director 1.00 X 0 0 0 Sara Garland Director 1.00 X 0 0 0 Jody Feragen Chair 1.00 X X 0 0 0 Kris Compton director 1.00 X 0 0 0 Steve Burian Director 1.00 X 0 0 0 alice brekke ex-Officio 1.00 X 0 0 0 charles ahearn director 1.00 X 0 0 0 dr joshua wynne ex-Officio 1.00 X 0 0 0 Rob Mitchell Director 1.00 X 0 0 0 Jennifer Neppel Director 1.00 X 0 0 0 Carrie McIntyre Panetta Director 1.00 X 0 0 0 TOM DILORENZO Ex-Officio 1.00 X 0 0 0 Doug Podolak vice Chair 1.00 X X 0 0 0 Cathy Rydell Director 1.00 X 0 0 0 Dean Beckstead Director 1.00 X 0 0 0 Fernanda Philbrick Director 1.00 X 0 0 0 Terri Zimmerman Director 1.00 X 0 0 0 Lisa Wheeler director 1.00 X 0 0 0 Laura Block Chief Financial Officer 50.00 1.00 X X 174628 0 24446 Deanna Carlson Zink Chief Executive Officer 50.00 1.00 X X 233042 0 40686 Andrew Bjerke Director of Development 50.00 X 102962 0 16669 Robert Knutson Chief Operating Officer 50.00 X 105101 0 22062 dan muus Director of Development 50.00 X 125395 0 29016 Kim Woods Director of Development 50.00 X 118997 0 23590 DAVID MIEDEMA Director of Development 50.00 X 127815 0 25266 987940 0 181735 7 0 1 0 forum communications printing po box 2065 fargo ND 58107 printing 168480 Blackbaud Inc PO Box 930256 Atlanta GA 311930256 Software Management 143670 Royall & Company PO Box 603519 Charlotte NC 282603519 Fundraising Support 106775 3 153190 3679371 29750055 11821633 33582616 University Contr Svcs 561000 2733055 2733055 Investment Mgmt Fees 561000 400160 400160 Gorecki Alumni Center Inc 532000 207642 207642 3340857 4522046 4522046 245233 245233 212067 187758 24309 24309 24309 21976663 41400 21974728 89070 1935 -47670 -45735 -45735 160573 153190 111455 49118 49118 41718444 3340857 0 4794971 19702010 19702010 475272 366698 108574 2306443 748624 1557819 183421 51136 132285 273697 102533 171164 190353 77906 112447 18420 4721 13699 51312 51312 106775 106775 1055400 1055400 66143 40343 25800 18706 5137 13569 124807 29336 95471 277696 274971 2725 172282 1005 171277 137921 30584 107337 469079 469079 34545 34545 Building Maintenance 183739 183739 0 MISCELLANEOUS EXPENSES 29186 26531 2655 25877207 19702010 3553600 2621597 4583474 10802497 351425 138671 26104088 24915683 9560058 7356251 141373 56709 221004 106107 19418852 2609981 17197543 16808871 160759721 191526484 109342553 117699673 1674604 1635534 329935843 371046480 3583464 552728 4522623 3552947 25105315 26855223 5431637 8031505 19505106 18236191 58148145 57228594 X 40130573 42006196 38060478 46665532 193596647 225146158 271787698 313817886 329935843 371046480 X 15841237 23537375 2651576 X X 0 1 X 1 0 X 28085122 20684929 23762289 22033303 33582615 128148258 28085122 20684929 23762289 22033303 33582615 128148258 14663425 113484833 4391148 6977133 5495120 10681121 4979346 32523868 36804 36804 160708930 16907823 0.70620 0.69460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 26064965 26064965 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 1 806153 0 837926 1 1 0 1635534 X Educational 0 0 1 X 205355422 22016000 27232000 2947339 5755661 4380000 241520422 203000225 16745000 1093000 2686543 8724457 4071803 205355422 198476225 12529000 6765000 2539000 8176000 4055000 203000225 162785000 20719000 24514000 1785943 4119832 3636000 198476225 140259422 14317000 17142000 1727860 4019562 3186000 162785000 0.14830 0.79690 0.05480 0 0 5523678 5523678 929936 11155441 1321585 10763792 1809797 1288396 521401 16808871 Charitable Remainder Trust Investments 18516368 F Annuity investments 6350911 F MINERAL RIGHTS 508490 F CSV of Life Insurance Policies 465990 F SEI Alternative Investments 44949673 F Commonfund - partnership investments 7427516 F Beneficial interest in trusts held by others 15009638 F Investments held for others 23633161 F Donor Advised Funds 837926 F 117699673 LIABILITIES UNDER CHARITABLE REMAINDER TRUSTS 13557443 Annuities payable 4678748 18236191 X 67151208 23537375 2950789 26488164 40663044 1055400 1055400 41718444 25121020 299213 299213 24821807 1055400 1055400 25877207 Part III, Line 4: ITEMS IN THE COLLECTION CONSIST OF HISTORICALLY SIGNIFICANT ITEMS AND PIECES THAT REPRESENT UND'S HISTORY. THESE ITEMS ARE USED FOR THE STUDENTS OF THE UNIVERSITY OF NORTH DAKOTA FOR EDUCATIONAL PURPOSES. Part IV, Line 2b: The foundation acts as a trustee for funds transferred from the University of North Dakota and another tax exempt organization for investment management and administrative purposes. The funds are invested along with the foundation's portfolio and offset by a liability to the organizations. The funds are to be distributed back to these organizations as they request them. Part V, Line 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,400 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. THE LONG TERM GOAL OF THE ENDOWMENT FUNDS IS TO ACHIEVE A RATE OF GROWTH SUFFICIENT TO MEET THE FOUNDATION'S SPENDING NEEDS, WHILE MAINTAINING THE INFLATION-ADJUSTED PRINCIPAL OF THE ENDOWMENT FUNDS. Part X, Line 2: The Organization follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Organization for uncertain tax positions as of June 30, 2017. The Organization's tax returns are subject to review and examination by federal and state authorities. There are no audits of the Organization's tax returns currently in progress. Part XI, Line 2d - Other Adjustments: Direct RENTAL EXPENSES 187,758. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,651,576. Direct Fundraising Expenses 111,455. Part XII, Line 2d - Other Adjustments: DIRECT RENTAL EXPENSES 187,758. Direct Fundraising Expenses 111,455. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 investments 23253551 0 0 0 0 0 0 23253551 0 23253551 1 0 0 1 0 0 Schedule F, Part IV, Line 4: THE ORGANIZATION INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE FOUNDATION TO FILE AN ADDITIONAL 8621. X X X X X 1 Royall & Company PO Box 603519 Charlotte NC 282603519 Direct Mail 0 0 106775 -106775 106775 -106775 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 VA WA WV WI WY Champions Ball 313763 153190 160573 5570 31354 5050 69481 313763 153190 160573 5570 31354 5050 69481 111455 49118 1 University of North Dakota-Aerospace Sciences 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582018157 456002491 501(c)(3) 338918 Scholarship, grants and operating support to the University of North Dakota UniVERSITY OF NORTH DAKOTA-Arts & Sciences 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582018157 456002491 501(c)(3) 1150409 Scholarship, grants and operating support to the University of North Dakota UNIVERSITY OF NORTH DAKOTA-ATHLETICS 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582018157 456002491 501(c)(3) 4135951 Scholarship, grants, building construction and operating support to the University of North Dakota University of North Dakota-College of Business & Public Admin 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582018157 456002491 501(c)(3) 1871658 Scholarship, grants and operating support to the University of North Dakota University of North Dakota-Education & Human Development 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582018157 456002491 501(c)(3) 102019 Scholarship, grants and operating support to the University of North Dakota UnIVERSITY OF NORTH DAKOTA-Law School 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582018157 456002491 501(c)(3) 452820 Scholarship, grants and operating support to the University of North Dakota UNIVERSITY OF NORTH DAKOTA-Medicine 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582018157 456002491 501(c)(3) 1551797 Scholarship, grants and operating support to the University of North Dakota UnIVERSITY OF NORTH DAKOTA-Nursing 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582018157 456002491 501(c)(3) 194561 Scholarship, grants and operating support to the University of North Dakota University of North Dakota-School of Engineering & Mines 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582018157 456002491 501(c)(3) 4773671 Scholarship, grants and operating support to the University of North Dakota University of NOrth Dakota-Other 3100 UNIVERSITY AVENUE STOP 8157 GrAND FORKS ND 582018157 456002491 501(c)(3) 2169667 Scholarship, grants and operating support to the University of North Dakota 1 1 Part I, Line 2: WHEN A DONOR GIVES A GIFT TO THE UND ALUMNI ASSOCIATION AND FOUNDATION WITH A DESIGNATION, THE UND ALUMNI ASSOCIATION AND FOUNDATION ASSURES THAT FUNDS ARE SPENT FOR DONOR DESIGNATED PURPOSE BY SETTING SPECIFIC CRITERIA, MONITORING FUNDS, AND REPORTING TO VARIOUS DEPARTMENTS, DONORS AND UND OFFICIALS. WHEN A DONOR GIVES A GIFT, A RECEIPT IS MAILED WITHIN 48 HOURS INDICATING THE DESIGNATION OF THIS GIFT. THIS ALLOWS THE DONOR TO EXAMINE THE PURPOSE AND INSURES THAT DONOR INTENT IS FOLLOWED. SCHOLARSHIPS - A DONOR GIVES MONEY FOR A SCHOLARSHIP ENDOWMENT OR IF THE ENDOWMENT THRESHOLD IS NOT MET DESIGNATES THE FUNDS TO BE USED FOR SCHOLARSHIPS. THE PAYOUT OF THE ENDOWMENT FUNDS IS THE MONEY THAT IS AVAILABLE THE FOLLOWING YEAR TO FUND SCHOLARSHIPS. UND STUDENT FINANCIAL AID DETERMINES RECIPIENTS AND SENDS THE ALUMNI ASSOCIATION AND FOUNDATION A BILLING. THE DIRECTOR OF FINANCE AUTHORIZES THE PAYMENT AND TRANSFERS THE FUNDS TO UND. OTHER DESIGNATED - FINANCIAL STAFF FROM UND COMPLETE A REQUEST FOR PAYMENT FORM FOR PAYMENT FROM FUNDS HELD AT THE ALUMNI ASSOCIATION AND FOUNDATION. THIS PAYMENT REQUEST IS APPROVED BY THE PROPER AUTHORITY AT UND AND DOCUMENTATION IS ATTACHED. ONCE THE ALUMNI ASSOCIATION AND FOUNDATION RECEIVES THIS REQUEST, THE INDIVIDUAL PROCESSING PAYMENT LOOKS TO THE SPECIFIC CRITERIA OF THE FUND TO VERIFY DONOR INTENT AND THAT THE INVOICE FALLS WITHIN THE PARAMETERS OF THE FUND. WHEN A GIFT IS GIVEN OR EXPENDITURE IS MADE OUT OF A FUND, INFORMATION IS CAPTURED IN INDIVIDUAL PROJECTS. WE ARE ABLE TO PRINT ANY/ALL ACTIVITY FOR THE CURRENT OR PRIOR FISCAL PERIODS BY REQUEST FROM ANY APPROVED UND INDIVIDUAL. IN ADDITION ACTIVITY REPORTS ARE CURRENTLY PROCESSED AND EMAILED MONTHLY TO APPROPRIATE DEPARTMENTS AND OFFICIALS AT UND. X X X X X 0 0 0 0 0 0 0 0 0 Laura Block Chief Financial Officer 174628 0 0 0 0 0 17437 0 7009 0 199074 0 0 0 Deanna Carlson Zink Chief Executive Officer 233042 0 0 0 0 0 23999 0 16687 0 273728 0 0 0 dan muus Director of Development 125395 0 0 0 0 0 12737 0 16279 0 154411 0 0 0 DAVID MIEDEMA Director of Development 127815 0 0 0 0 0 13364 0 11902 0 153081 0 0 0 A UNIVERSITY OF NORTH DAKOTA FOUNDATION 450348296 2008-06-15 3680000 Minot Center for Family Practice land & buildings 0 1 0 B university of NORTH DAKOTA FOUNDATION 450348296 2013-09-30 4000000 Fund Construction of the UND High Performance Center 0 1 0 A 1374244 3680000 3665177 14823 2008 1 0 1 1 B 2752809 4000000 17000 3983000 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 ALERUS FINANCIAL COMMON BOARD MEMBER BETWEEN ORGANIZATIONS 126064 KRIS COMPTON, BOARD MEMBER OF THE ORGANIZATION, IS ALSO A BOARD MEMBER OF ALERUS FINANCIAL, WHICH DOES BUSINESS WITH THE UND ALUMNI ASSOCIATION AND FOUNDATION BY HOLDING ASSETS IN A TRUST ACCOUNT AS WELL AS A LINE OF CREDIT. ALERUS FINANCIAL WAS PAID APPROXIMATELY $126,000 FOR ITS MANAGEMENT OF THE ASSETS HELD. ALL TRANSACTIONS INVOLVING ALERUS FINANCIAL WERE HANDLED IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. 0 X 150 10538294 FAIR MARKET VALUE X 2 193334 fair market value X miscellaneous 107 1079705 FAIR MARKET VALUE X mineral rights 2 10300 fair MARKET VALUE 2 0 1 1 Part I, Line 32b: Realtor to sell land or property form 990, part iii, line 1, description of organization mission (cont'd): DEVELOPMENT. THE UND ALUMNI ASSOCIATION AND FOUNDATION HAS A TRADITION OF PHILANTHROPIC SUPPORT, LEADING EFFORTS TO RAISE AND MANAGE FUNDS THAT SECURE A STRONG FUTURE FOR UNIVERSITY OF NORTH DAKOTA AND ITS STUDENTS, FACULTY, AND ALUMNI. THE ORGANIZATION PROVIDES THE CENTRALIZED INFRASTRUCTURE AND SERVICES TO SUPPORT ALL PRIVATE FUND RAISING EFFORTS ON BEHALF OF THE UNIVERSITY OF NORTH DAKOTA AND ACTS AS THE UNIVERSITY'S DESIGNATED FUND RAISING ORGANIZATION, PARTNERING WITH ALL COLLEGES AND UNITS. IN THE SPIRIT OF STEWARDSHIP AND FIDUCIARY RESPONSIBILITY, THE ORGANIZATION SUCCESSFULLY LEADS THE UNIVERSITY THROUGH CAMPAIGNS TO GROW ITS ENDOWMENT TO SECURE A SOLID FINANCIAL FUTURE THAT BENEFITS THE CONTINUED EDUCATIONAL AND ECONOMIC DEVELOPMENT OF THE STATE OF NORTH DAKOTA. Form 990, Part VI, Section A, line 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE ORGANIZATION'S CHAIR; VICE CHAIR; IMMEDIATE PAST CHAIR; AND CHAIRS OF THE STANDING COMMITTEES FOR THE ORGANIZATION: ALUMNI RELATIONS AND DEVELOPMENT COMMITTEE, AUDIT COMMITTEE, FINANCE COMMITTEE, GOVERNANCE COMMITTEE, AND INVESTMENT COMMITTEE; THE PRESIDENT OF THE UNIVERSITY OF NORTH DAKOTA AND THE CEO SERVE AS NON-VOTING EX-OFFICIOS. THE EXECUTIVE COMMITTEE WILL, DURING THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD, POSSESS AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD IN THE GOVERNANCE OF THE AFFAIRS OF THE ORGANIZATION, EXCEPT AS TO SUCH MATTERS WHICH THE BOARD HAS, BY RESOLUTION, EXPRESSLY RESERVED TO IT, AND EXCEPT AS LIMITED BY APPLICABLE LAW. Form 990, Part VI, Section A, line 4 The organization amended the Articles of Incorporation in order to receive gifts and other transfers of property and maintain funds which support the Corporation's purposes but which also make grants and gifts to other organizations provided that such gifts and grants are for a charitable, educational, scientific, religious or literary purpose within the meaning in Code Sections 170(c)(2) and 501(c)(3) and not inconsistent with the purposes and mission of the Corporation and University of North Dakota. Form 990, Part VI, Section B, line 11b The organization's audit committee reviews the 990 tax return before it is filed. Representatives from the Foundation's Independent accounting firm review the 990 forms with the audit committee in detail and note for the committee any changes in the form from prior years. After discussion, the head of the audit committee entertains a motion to send the 990 forms to the full board for approval. The full board reviews the Form 990 before filing. Form 990, Part VI, Section B, line 12c All members of the Board of Directors and all employees receive a copy of the Conflict of Interest Policy each year. Each Board member and staff member fills out a Conflict of Interest Questionnaire in which they are asked to identify any relationship that would create a conflict of interest. The results are summarized and reviewed by the Governance Committee which evaluates each situation and determines any actual or potential conflict and recommends a course of action to the Board of Directors. Form 990, Part VI, Section B, line 15 THE BOARD OF DIRECTORS HAVE ESTABLISHED A COMPENSATION COMMITTEE TO PROVIDE OVERSIGHT ON MATTERS RELATING TO THE ORGANIZATION'S MANAGEMENT COMPENSATION POLICIES AND PRACTICES. THE ROLE OF THIS COMMITTEE IS TO MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS WITH RESPECT TO COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IN CONNECTION WITH AN ANNUAL PERFORMANCE REVIEW AND TO REVIEW AND APPROVE THE COMPENSATION OF THE ORGANIZATION'S OTHER CHIEF OFFICERS AND EMPLOYEES WHO HAVE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE ORGANIZATION. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST ARE AVAILABLE UPON REQUEST. FINANCIAL DOCUMENTS ARE AVAILABLE BY REQUEST AND ARE ALSO LOCATED ON THE UND ALUMNI ASSOCIATION AND FOUNDATION WEBSITE. Form 990, Part XI, line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,651,576. Form 990, Part XII, line 2c: The process for overseeing the audit and selecting the independent accountant has not changed since last year. Charitable Remainder Unitrusts (80) Charitable Trust ND N/A T 0 Charitable Remainder Annuity Trusts (6) Charitable Trust ND N/A T 0 Charitable Lead Trusts (2) Charitable Trust ND N/A T 0 Charitable Perpetual Trusts (9) Charitable Trust ND N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0