2017-03-29T12:05:38-05:00 2016-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2015-07-01 046013152 UNIVERSITY OF MASSACHUSETTS FOUNDATION INC UNIV 6172875590 ONE BEACON STREET 31ST FLR BOSTON MA 02108 CHARLES J PAGNAM EXECUTIVE VP 6172875590 2017-03-29 1 LYNNE JOHNSON P00757336 6179129000 2015 2021-01-29 14:40:06Z MARTIN T MEEHAN ONE BEACON STREET 31ST FLR BOSTON MA 02108 136295224 0 X WWW.UMASSP.EDU/FOUNDATION X 1950 MA THE MISSION OF THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. THE FOUNDATION RECEIVES, INVESTS AND DISBURSES PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS AND ITS EDUCATIONAL MISSION. 26 26 8 40 121558 120558 30424916 29849462 0 0 15642845 -1202846 9758958 10943129 55826719 39589745 12942071 14830470 0 0 397708 279054 0 0 7527085 11755398 9527773 25095177 24637297 30731542 14952448 473965653 470604215 5573892 4790172 468391761 465814043 TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. TO INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS. 0 0 15371580 14830470 11621280 THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. INVESTS FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS INCLUDING, BUT NOT LIMITED TO SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS AND GENERAL PROGRAM SERVICES EXPENDITURES. 15371580 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 8 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA AK AR CA CO DC HI KY MD ME MI MN NH NJ NY OH OK OR SC TN UT WA WI WV NV X JUDITH A MURPHY 7744557185 333 SOUTH STREET SHREWSBURY MA 01545 MARTIN T MEEHAN PRESIDENT/DIRECTOR 5.00 X X 0 0 0 JAMES P PAPPAS SECRETARY/DIRECTOR 1.00 X X 0 0 0 EDWARD H D'ALELIO TREASURER/DIRECTOR 1.00 X X 0 0 0 DOUGLAS CLIGGOTT DIRECTOR 1.00 X 0 0 0 STEPHEN A COLLINS DIRECTOR (UNTIL DEC. 2015) 1.00 X 0 0 0 STEPHEN R DUNNE DIRECTOR 1.00 X 0 0 0 DANIEL E FEDER DIRECTOR 1.00 X 0 0 0 STANLEY L FUNG DIRECTOR 1.00 X 0 0 0 MARIA D FURMAN DIRECTOR 1.00 X 0 0 0 WARREN J ISABELLE DIRECTOR 1.00 X 0 0 0 JOHN D KATTAR DIRECTOR 1.00 X 0 0 0 MARK A MARINELLA DIRECTOR 1.00 X 0 0 0 R NORMAN PETERS ESQ DIRECTOR 1.00 X 0 0 0 MARY L REED DIRECTOR 1.00 X 0 0 0 ROBERT R REITANO DIRECTOR 1.00 X 0 0 0 ANDREW T RUDD DIRECTOR 1.00 X 0 0 0 KARL E WHITE DIRECTOR (UNTIL DEC. 2015) 1.00 X 0 0 0 MICHAEL F COLLINS MD DIRECTOR 1.00 X 0 0 0 MATTHEW C DONAHUE ESQ DIRECTOR (UNTIL DEC. 2015) 1.00 X 0 0 0 PATRICIA C FLAHERTY DIRECTOR 1.00 X 0 0 0 DIVINA GROSSMAN DIRECTOR (UNTIL DEC. 2015) 1.00 X 0 0 0 JAMES R JULIAN JR DIRECTOR 1.00 X 0 0 0 J KEITH MOTLEY DIRECTOR 1.00 X 0 0 0 KUMBLE R SUBBASWAMY DIRECTOR 1.00 X 0 0 0 CHRISTINE M WILDA DIRECTOR 1.00 X 0 0 0 PEYTON RANDOLPH HELM DIRECTOR 1.00 X 0 0 0 VICTOR WOOLRIDGE DIRECTOR 1.00 X 0 0 0 ROBERT J MANNING DIRECTOR 1.00 X 0 0 0 JACQUELINE MOLONEY DIRECTOR 1.00 X 0 0 0 R NORMAN PETERS DIRECTOR 1.00 X 0 0 0 CHARLES J PAGNAM EXECUTIVE VICE PRESIDENT 40.00 X 467895 0 140240 SANDY FISHER ASSOC. VP/ADVANCEMENT SERVICES 40.00 X 137297 0 41782 JUDITH A MURPHY ASSOC. VP/CONTROLLER 40.00 X 184333 0 55815 SARAH MCDONNELL SR. FOUNDATION ASSOCIATE 40.00 X 108701 0 33248 DANIEL SWARTZ ADVANCEMENT SYSTEMS ASSOCIATE 40.00 X 120059 0 36636 SUSAN DAVIS SENIOR FOUNDATION ASSOCIATE 40.00 X 101730 0 10173 CHRISTOPHER YOULDEN SENIOR FINANCIAL ANALYST 40.00 X 115179 0 35132 1235194 0 353026 7 0 1 0 ELLUCIAN COMPANY LP 4375 FAIR LAKES CT FAIRFAX VA 22033 IT CONSULTANTS 2178652 LIPMAN HEARNE INC 200 S MICHIGAN AVE 16TH FLOOR CHICAGO IL 60604 MEDIA/ADVERTISING 1279814 IMODULES SOFTWARE INC 5101 COLLEGE BLVD LEAWOOD KS 66211 FUNDRAISING SOFTWARE SUP. 112675 SUNGUARD BUSINESS SYSTEMS LLC 601 RIVERSIDE AVE JACKSONVILLE FL 32204 ACCOUNTING 109845 4 25000 71092 29753370 1068440 29849462 1011346 121558 889788 94338140 96552332 -2214192 -2214192 -2214192 80954 25000 153147 -72193 -72193 INVESTMENT MANAGEMENT 561000 10233945 10233945 PRIOR YEAR UNSPENT INC 900099 754321 754321 CHANGE IN VALUE SPLIT 561000 -605958 -605958 633014 633014 11015322 39589745 11015322 121558 -1396597 X 14830470 14830470 224639 44928 179711 27905 5581 22324 26510 5302 21208 133105 33276 79863 19966 1003978 200796 803182 369635 369635 1404110 1404110 3507096 3507096 68675 13734 54941 2051402 2051402 146780 29356 117424 6406 1281 5125 21536 4307 17229 202549 202549 67990 67990 DEVELOPMENT ENHANCEMENT 379025 379025 OTHER FUNDRAISING EXP. 165486 165486 24637297 15371580 1738632 7527085 135332 97772 22997283 26499559 55350 9531974 1441539 8292984 8090435 279199967 282098423 163340087 153762676 473965653 470604215 681836 62740 1387454 1224638 3504602 3502794 5573892 4790172 X 30039285 26867992 86684131 64379936 351668345 374566115 468391761 465814043 473965653 470604215 14952448 -17530166 0 X 0 1 X 1 0 X 24104638 22055603 24936176 30424916 29849462 131370795 24104638 22055603 24936176 30424916 29849462 131370795 8665462 122705333 2194427 950927 799157 808236 1011346 5764093 76379 26410 68725 45560 80954 298028 137432916 47414631 0.89280 0.87530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 654839329 -15704364 18182613 620952352 0 406925325 22286208 -19200705 12934014 54889 -952432 397974357 397944973 22965041 -3157056 11918160 82863 -1173390 406925325 340240491 23633160 43278294 10495222 489746 -1777996 397944973 308858283 14656944 25497568 9325969 426209 -979874 340240491 302218254 18898805 -3034590 8670000 347234 206952 308858283 0.00000 0.87010 0.12990 0 0 1419140 1419140 7943523 1283860 6659663 169311 157679 11632 8090435 ALTERNATIVE INVESTMENTS 153762676 F 153762676 OBLIGATIONS TO BENEFICIARIES OF SPLIT-INTEREST AGREEMENTS 3502794 3502794 X 7114320 -17530166 -15704364 -33234530 40348850 -759105 -759105 39589745 42973057 18335760 18335760 24637297 0 24637297 PART IV, LINE 1B: AGENCY ACCOUNTS ARE INVESTMENTS HELD ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AND THE EDWARD M. KENNEDY INSTITUTE. PART V, LINE 4: THE INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS ARE TO BE SPENT WITHIN THE ESTABLISHED CRITERIA FOR THE FUND IN SUPPORT OF THE SCHOLARSHIP AND EDUCATION PROGRAMS OF THE UNIVERSITY OF MASSACHUSETTS. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAVE DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT WERE MATERIAL TO THE FINANCIAL STATEMENTS AS OF JUNE 30, 2016 OR JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO UNIVERSITY OF MASSACHUSETTS -15,704,364. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -605,958. FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B -153,147. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS RELATED TO AGENCY 18,182,613. FUNDRAISING EVENTS DIRECT EXPENSES REPORTED ON 990, PART VIII, LINE 8B 153,147. OTHER CHANGES IN NET ASSETS CENTRAL AMERICA INVESTMENTS 93595000 EAST ASIA & PACIFIC INVESTMENTS 3562000 EUROPE INVESTMENTS 4031000 MIDDLE EAST & NORTH AFRICA INVESTMENTS 197000 NORTH AMERICA INVESTMENTS 560000 RUSSIA INVESTMENTS 853000 SOUTH AMERICA INVESTMENTS 1333000 SOUTH ASIA INVESTMENTS 623000 SUB-SAHARAN AFRICA INVESTMENTS 1196000 0 0 0 0 0 0 104754000 1196000 105950000 1 0 0 0 1 0 ALUMNI EVENT 48275 48275 48258 13230 4080 6978 GOLF EVENT 34000 25000 9000 2000 12505 19671 9729 2 23679 23679 1400 16490 14233 350 4223 105954 25000 80954 3400 77253 47134 4430 20930 153147 -72193 1 UNIVERSITY OF MASSACHUSETTS 333 SOUTH ST SUITE 450 SHREWSBURY MA 01545 043167352 115 14830470 FMV N/A SEE PART IV 1 PART I, LINE 2: DISBURSEMENTS TO THE UNIVERSITY OF MASSACHUSETTS ARE SUBJECT TO THE EXPENDITURE AND DISBURSEMENT POLICIES OF THE UNIVERSITY OF MASSACHUSETTS, INCLUDING ALLOWABILITY, APPROPRIATENESS(BUSINESS PURPOSE, ADEQUATE DOCUMENTATION, AND PROPER APPROVALS), AND DONOR INTENT AS SPECIFIED IN THE DONOR INTENT DOCUMENT SUPPLIED AT THE TIME THE GIFT IS RECEIVED FROM THE DONOR. PART II, LINE 1, COLUMN (H): DISTRIBUTIONS TO THE UNIVERSITY OF MASSACHUSETTS ARE PROVIDED IN THE FORM OF STUDENT SUPPORT (SCHOLARSHIPS, FELLOWSHIPS, ETC.), FACULTY AND STAFF SUPPORT (ENDOWMENT FACULTY POSITIONS, RESEARCH, PROFESSIONAL DEVELOPMENT), ACADEMIC PROGRAM SUPPORT, AND FACILITIES SUPPORT. 0 0 0 0 0 0 0 0 0 CHARLES J PAGNAM EXECUTIVE VICE PRESIDENT 467895 0 0 0 0 0 140240 0 0 0 608135 0 0 0 SANDY FISHER ASSOC. VP/ADVANCEMENT SERVICES 137297 0 0 0 0 0 41782 0 0 0 179079 0 0 0 JUDITH A MURPHY ASSOC. VP/CONTROLLER 184333 0 0 0 0 0 55815 0 0 0 240148 0 0 0 DANIEL SWARTZ ADVANCEMENT SYSTEMS ASSOCIATE 120059 0 0 0 0 0 36636 0 0 0 156695 0 0 0 CHRISTOPHER YOULDEN SENIOR FINANCIAL ANALYST 115179 0 0 0 0 0 35132 0 0 0 150311 0 0 0 X 32 1068440 FMV ON DATE OF GIFT 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: SHARES OF PUBLICLY TRADED SECURITIES CONTRIBUTED BY DONORS ARE TRANSFERRED BY THE DONOR'S CUSTODIAN TO A CUSTODY ACCOUNT MAINTAINED BY THE UNIVERSITY OF MASSACHUSETTS FOUNDATION AT BNY MELLON. BNY MELLON HAS A STANDING ORDER TO SELL SUCH SECURITIES IN A TIMELY AND ORDERLY FASHION AND TO TRANSFER THE PROCEEDS FROM THE SALE TO THE UNIVERSITY OF MASSACHUSETTS FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE PRIOR TO ITS FILING WITH THE IRS AND THEN FORWARDED BY HIM TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT ACKNOWLEDGES THAT THEY HAVE READ AND UNDERSTAND THE POLICY. ON THIS STATEMENT, THEY ARE REQUIRED TO LIST ANY POTENTIAL CONFLICT. RESPONSES ARE GATHERED BY FOUNDATION COUNSEL. FOUNDATION COUNSEL AND THE CHAIR OF THE GOVERNANCE AND AUDIT COMMITTEE REVIEW THE RESPONSES AND IDENTIFY ANY POTENTIAL CONFLICTS. THE DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO SUPPLEMENT THEIR RESPONSES IN THE EVENT THAT ANY ADDITIONAL POTENTIAL CONFLICTS ARISE DURING THE YEAR. WHEN A DIRECTOR OR OFFICER BECOMES AWARE OF A PROPOSED COVERED TRANSACTION UNDER THE POLICY, HE OR SHE HAS A DUTY TO TAKE THE FOLLOWING ACTIONS: A) IMMEDIATELY DISCLOSE THE EXISTENCE OR CIRCUMSTANCES OF SUCH COVERED TRANSACTION TO THE FOUNDATION'S BOARD OF DIRECTORS IN WRITING; B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE COVERED TRANSACTION; AND C) PHYSICALLY EXCUSE HIMSELF OR HERSELF FROM ANY DISCUSSIONS REGARDING THE COVERED TRANSACTION EXCEPT TO ANSWER QUESTIONS, INCLUDING BOARD DISCUSSIONS AND DECISIONS ON THE SUBJECT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE, 12, COLUMN (D) - ADVERTISING AND PROMOTION: IN FISCAL 2014, THE FOUNDATION LAUNCHED A MULTI-MEDIA ADVERTISING CAMPAIGN TO SUPPORT THE UNIVERSITY OF MASSACHUSETTS' FIRST SYSTEM-WIDE, COMPREHENSIVE CAPITAL FUNDRAISING CAMPAIGN FOR THE UNIVERSITY'S FIVE CAMPUSES. THIS ADVERTISING CAMPAIGN COMPLEMENTS AN ONGOING MULTI-MEDIA BRANDING CAMPAIGN WHICH FOCUSES ON THE ACTIVITIES AND ACCOMPLISHMENTS OF THE UNIVERSITY'S STUDENTS AND FACULTY. BOTH CAMPAIGNS COME AT A TIME WHEN THE UNIVERSITY HAS ENJOYED A STRING OF SUCCESSES, INCLUDING SURGING STUDENT ENROLLMENT AND CONTINUED RECOGNITION AS A NATIONAL RESEARCH AND DISCOVERY LEADER. FORM 990, PART IX, LINE 14, COLUMN (D) - INFORMATION TECHNOLOGY: IN MARCH 2007, THE UNIVERSITY OF MASSACHUSETTS' BOARD OF TRUSTEES VOTED TO DEVELOP AND IMPLEMENT A COMPREHENSIVE CONSTITUENT RELATIONSHIP MANAGEMENT SYSTEM (CRM) FOR ALL UNIVERSITY ALUMNI, PARENTS AND FRIENDS. THE FOUNDATION PROVIDES THESE FUNDRAISING SOFTWARE TOOLS TO THE UNIVERSITY'S FIVE CAMPUSES. THE GOAL OF THE PROJECT IS TO CONSOLIDATE INFORMATION FROM MULTIPLE SMALLER AND FRAGMENTED DATA SOURCES ACROSS THE FIVE UNIVERSITY CAMPUSES INTO A SINGLE, ROBUST DATABASE. THIS DATABASE WILL INFORM AND COORDINATE FUNDRAISING, COMMUNICATIONS AND ALUMNI RELATIONS ACTIVITIES IN A MORE STRATEGIC AND FOCUSED MANNER.