2017-05-12T19:14:06-07:00 2016-06-30 990 2015-07-01 990085260 UNIVERSITY OF HAWAII FOUNDATION UNIV 8089567447 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 Sarah Nakagawa Controller/Asst Treasurer 8089567447 2017-05-12 2015 2021-01-29 14:40:06Z Sarah Nakagawa 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 194292256 0 X www.uhfoundation.org X 1955 HI The Corporation is organized exclusively for the following purpose: (1) To raise and manage private support for the benefit of the University of Hawaii and all campuses and units that comprise the University of Hawaii System and to otherwise support the University of Hawaii System, and (2) To operate exclusively for educational, charitable, scientific, or literary purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or the corresponding provision of any future United States internal revenue law). Our mission is to unite our donor's passions with the University of Hawaii's aspirations to benefit the people of Hawaii and beyond. We do this by raising private philanthropic support, managing private investments, and nurturing donor and alumni relationships. 29 29 230 29 99883 0 82225409 41408112 0 0 12615453 6139340 7108029 4627644 101948891 52175096 10123443 12122755 0 0 9747006 9896537 0 0 7925345 34506378 35380532 54376827 57399824 47572064 -5224728 494251730 479839930 19911602 17992394 474340128 461847536 The Corporation is organized exclusively for the following purpose: (1) To raise and manage private support for the benefit of the University of Hawaii and all campuses and units that comprise the University of Hawaii System and to otherwise support the University of Hawaii System, and (2) To operate exclusively for educational, charitable, scientific, or literary purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or the corresponding provision of any future United States internal revenue law). Our mission is to unite our donor's passions with the University of Hawaii's aspirations to benefit the people of Hawaii and beyond. We do this by raising private philanthropic support, managing private investments, and nurturing donor and alumni relationships. 0 0 10331399 0 0 Research- Scientific, technical, humanistic investigation; individual and/or project research as well as grants for institutes and research centers. 8716704 0 0 Student Aid Services- Scholarships, fellowships, grants, and awards. 6992731 0 0 Special Programs- Accounts for academic and non-academic division of the institution including expenses such as visiting lecturers, computer lab support, facilities funds, intramural sports, visiting professorships, a variety of outreach programs, community health fairs, workshops, band, mentorship programs, etc. 18879330 0 0 Academic suppot, athletics, faculty staff support, capital projects, and extension public services. 18879330 0 0 44920164 1 1 0 1 0 0 0 0 0 1 1 1 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 1 1 0 0 0 0 1 0 0 0 1 X 692 0 1 230 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 HI X X X Sarah Nakagawa 8089567447 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 T Michael May Chairman 0.5 0 X 0 0 0 Duk Hee Murabayashi Vice Chair 0.5 0 X 0 0 0 Richard Wacker Vice Chair 0.5 0 X 0 0 0 Catherine Ngo Treasurer 0.5 0 X 0 0 0 Marivic Dar Secretary 0.5 0 X 0 0 0 Alan Arakawa Trustee 0.5 0 X 0 0 0 Stanford Carr Trustee 0.5 0 X 0 0 0 Herbert Conley Trustee 0.5 0 X 0 0 0 Brandt Farias Trustee 0.5 0 X 0 0 0 William Grayson Trustee 0.5 0 X 0 0 0 Robert Hiam Trustee 0.5 0 X 0 0 0 Michael Hirai Trustee 0.5 0 X 0 0 0 Ronald Ho Trustee 0.5 0 X 0 0 0 Elizabeth Hokada Trustee 0.5 0 X 0 0 0 Louise Ing Trustee 0.5 0 X 0 0 0 Kathleen Kagawa Trustee 0.5 0 X 0 0 0 Rosita Leong Trustee 0.5 0 X 0 0 0 Eric Martinson Trustee 0.5 0 X 0 0 0 Earl Miller Trustee 0.5 0 X 0 0 0 Ritchie Mudd Trustee 0.5 0 X 0 0 0 James Pappas Trustee 0.5 0 X 0 0 0 Judith Pyle Trustee 0.5 0 X 0 0 0 William Richardson Trustee 0.5 0 X 0 0 0 Mary Sellers Trustee 0.5 0 X 0 0 0 Lawrence Taff Trustee 0.5 0 X 0 0 0 Michael Tresler Trustee 0.5 0 X 0 0 0 Lance Wilhelm Trustee 0.5 0 X 0 0 0 C Scott Wo Trustee 0.5 0 X 0 0 0 Kent Youel Trustee 0.5 0 X 0 0 0 Donna Vuchinich President 40 0 X X 322680 0 57371 Paul Kobayashi Assistant Treasurer/VP for Admin/CFO 40 0 X X 187643 0 29328 Greg Willems Vice President for Development 40 0 X X 19853 0 4253 Janet Bullard Vice President for Marketing and Communication 40 0 X X 183021 0 34237 John Han Assistant Treasurer/Director of Data & Technology 40 0 X 139727 0 25156 Tracy Ide Assistant Treasurer/Controller 40 0 X 142151 0 23185 Joni Kohama Assistant Secretary/Executive Assistant to the President 40 0 X 42050 0 13489 Joy Watanabe Assistant Secretary/Director of Compliance and Administration 40 0 X 77374 0 15217 Jainey Bavishi Executive Director APDR3 40 0 X 153776 0 25663 Lani Starkey Associate VP Principal Gifts and Estate and Gift Planning 40 0 X 148514 0 23867 Elaine Evans Director of Development, John A Burns School of Medicine 40 0 X 126394 0 19927 Lori Admiral Associate VP for Development, UH Manoa 40 0 X 126073 0 20104 Jung Song Director, Corporate and Foundation Relations 40 0 X 123542 0 21046 1792798 0 312843 14 0 1 0 Cambridge Associates LLC 100 Summer Street Boston MA 02110 investment services 516216 KPMG LLP 1003 Bishop Street Unit 2100 Honolulu HI 96813 accounting services 153503 2 0 445227 1325717 0 0 39637168 3695732 41408112 0 5159657 5069106 90551 0 0 0 0 0 137211 137211 0 0 43651 0 33847 0 9804 0 9804 472 9332 0 139958883 1770758 138958258 1791700 1000625 -20942 979683 979683 0 0 1481103 1325717 1333355 147748 0 147748 Honoraria 900099 3634016 3634016 0 0 Memberships 900099 365510 365510 0 0 Special Events 900099 49725 49725 0 0 283630 283630 0 0 4332881 52175096 10519353 99883 147748 8953704 8953704 3169051 3169051 0 0 0 0 1138003 0 758555 379448 0 0 0 0 6889925 0 1840875 5049050 700005 0 246459 453546 633588 633 247750 385205 535016 0 173021 361995 0 0 0 0 161383 5730 107405 48248 156910 13404 143506 0 83750 83750 0 0 0 0 1106742 888209 215533 3000 3138158 2822401 98167 217590 1109474 829104 140648 139722 2481974 2252335 94012 135627 0 0 0 0 0 0 0 0 133855 109327 19287 5241 2629578 2451783 108633 69162 0 0 0 0 1996364 1747179 49516 199669 0 0 0 0 0 0 0 0 61854 0 24282 37572 68621 14084 20875 33662 Reimburments to UH for expenses 17285363 17285363 0 0 Cultivation 1148264 1080672 21099 46493 Membership benefits 417059 409311 0 7748 Student awards/prizes 344344 344344 0 0 3056839 2459780 244692 352367 57399824 44920164 4554315 7925345 4801013 1196628 6608467 7340815 85804924 78414770 0 0 0 0 0 0 42543 51752 0 0 119169 234835 3642147 1365626 2284041 2276521 172917826 188929966 200322269 182269362 0 0 0 0 21351478 19125281 494251730 479839930 5888390 3586461 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14023212 14405933 19911602 17992394 X 2871825 -3769004 206107682 192693097 265360621 272923443 474340128 461847536 494251730 479839930 -5224728 -7267864 0 0 0 0 X 0 1 X 1 0 X 45903782 49403862 76932346 82225409 41408112 295873511 0 0 0 0 0 0 334420 334420 344452 354786 365429 1733507 46238202 49738282 77276798 82580195 41773541 297607018 0 297607018 4058002 5193998 4343507 5076157 5105388 23777052 -183623 24974 9539 253282 99883 204055 12340653 11012352 16466464 15516797 5654618 60990884 382579009 0 0.77790 0.79648 X Schedule A, Part II, Line 10 Other income consist of fundraising events & fees, honoraria/services, royalties, and other miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 83750 83750 0 83750 16750 4188 0 67000 0 9292 12667 15583 16750 54292 81438 41458 63333 77917 83750 266458 2073 3167 3896 4188 13324 19986 0 0 0 0 0 267384686 11997767 -3682992 0 0 16516648 259182813 261070433 18532753 3456297 0 0 15674797 267384686 225165516 14916394 34853922 0 0 13865399 261070433 201970799 10982694 23555304 0 0 11343281 225165516 204525424 12247858 -2708698 0 0 12093785 201970799 0.16 0.84 0 1 0 2006330 0 2006330 116403 0 13971 102432 58253 0 51954 6299 1396740 0 1248489 148251 64421 0 51212 13209 2276521 Hedge Funds 94221058 F International equity 36503099 F Private equity securities 14354254 F Domestic equity 16930576 F Natural resources/real estate 20260375 F 182269362 0 Liabilities under split-interest agreement 10565596 Amounts held for others 3369450 Payroll taxes and benefits 475500 Other liabilities -4613 14405933 X 46639862 -7267865 365429 0 1367202 -5535234 52175096 0 0 0 52175096 59132455 365429 0 0 1367202 1732631 57399824 0 0 0 57399824 Schedule D, Part V, Line 4 Endowments are managed for prudent growth to ensure the returns provide for program support plus inflation. The present and future revenue streams that endowed funds generate allow the University to hire faculty, implement programs, advance research, and support outstanding students. Schedule D, Part X, Line 2 The Foundation recognizes the effect of Income Tax. Schedule D, Part XI, Line 2d Rental and special event direct expenses netted against related revenue. Schedule D, Part XII, Line 2d Rental and special event direct expenses netted against related revenue. 16th Annual Engineering 233057 170599 62458 0 0 0 0 0 71004 SONDH 60th Anniversary 219977 152131 67846 0 0 0 0 0 105494 63 2007703 984122 1023581 0 0 0 0 0 971256 2460737 1306852 1153885 0 0 0 0 0 1147754 1147754 6131 1 University of Hawaii 2500 Campus Road Honolulu HI 96822 996000354 8953704 0 0 Scholarships and grants, including stipends and travel awards. 531 3169051 0 Schedule I, Part I, Line 2 The Foundation has policies in places for providing grant funds to students in the form of scholarships, travel grants, and awards. Generally, scholarship and fellowship payments specifically intended to cover cost of attendance related items are processed through the University's system. The Foundation will pay scholarships and fellowships to students directly in relation to travel, materials, and/or research. All payment requests must comply with the Foundation's account administration policy in order to be processed. X 1 1 X X X 0 0 0 1 0 1 0 0 0 Donna Vuchinich President 272377 0 50000 0 303 0 42431 0 14940 0 380051 0 391304 0 Janet Bullard Vice President for Marketing and Communication 171968 0 10000 0 1053 0 21370 0 12866 0 217257 0 212534 0 Paul Kobayashi Assistant Treasurer/VP for Admin/CFO 166074 0 25000 0 -3431 0 22736 0 6592 0 216971 0 200127 0 John Han Assistant Treasurer/Director of Data & Technology 147425 0 0 0 -7698 0 16189 0 8967 0 164883 0 158304 0 Tracy Ide Assistant Treasurer/Controller 142861 0 0 0 -710 0 15504 0 7681 0 165336 0 157740 0 Jainey Bavishi Executive Director APDR3 160527 0 0 0 -6751 0 17996 0 7668 0 179440 0 189166 0 Lani Starkey Associate VP Principal Gifts and Estate and Gift Planning 144273 0 5728 0 -1486 0 16289 0 7579 0 172383 0 165074 0 Schedule J, Part I, Line 1a Private business club membership is provided to the President, Associate Vice Presidents, and certain staff for business use. Schedule J, Part I, Line 5 An incentive program is in place for key individuals. It is based on quantitative and qualitative factors. One of several quantitative factors is funds raised. Schedule J, Part I, Line 6 An incentive program is in place for key individuals. It is based on quantitative and qualitative factors. One of several quantitative factors is funds raised and net operating results. Mary Sellers Vice Chair and Chief Risk Officer- Bank of Hawaii 439910 Bank of Hawaii provides banking and investment services to UHF 0 Robert Wo- Director Bank of Hawaii Family member of C. Scott Wo- UHF trustee 439910 Bank of Hawaii provides banking and investment services to UHF 0 X 30 1841830 FMV X 12 706970 FMV X 1 1244000 FMV 0 1 1 Schedule M, Part I, Line 32b University of Hawaii Foundation used Kokua in Kind, Merrill Lynch, and Charles Schwab to process and sell noncash contributions. Form 990, Part V, Line 2a The University of Hawaii Foundation had 121 active employees for calendar year 2015, excluding students. Form 990, Part VI, Section A, Line 2 Rebecca Smith and spouse Tom Tseng are both officers and key employees. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by accounting staff of the Foundation and reviewed by the CFO, Controller, and the Associate Director of Compliance and Administration prior to filing. Revisions, if any, are made and a final draft is provided to the Board of Trustees prior to filing the return. The Form 990 is available on Guidestar and on the Foundation's website. Form 990, Part VI, Section B, Line 12c The Foundation has a conflict of interest policy for employees and a separate form for Trustees. In accordance with both policies, all employees and Trustees are required to complete and certify an "Annual Conflict of Interest Form" at the beginning of the fiscal year. The information is compiled by the Associate Director for Compliance and Administration. Any potential conflicts with regard to Trustees are brought to the attention of the Vice President for Administration/Chief Financial Officer and President, and brought to the Board of Trustee's Audit Committee to approve or disapprove the conflict of interest. Form 990, Part VI, Section B, Line 15 Annually the Foundation benchmarks the salaries of Presidents and Chief Executive Officers and other senior management positions at other institutionally related foundations nationwide as well as nonprofits within the State of Hawaii. This is done through research of 990s and through salary surveys of various professional organizations. The Executive Committee of the Board of Trustees uses this data in conjunction with an assessment of individual job performance to determine the appropriate compensation adjustments for the Presidents/CEO and Vice Presidents of the organization. The documentation of these decisions is provided to and filed with the Human Resources Department. Form 990, Part VI, Section C, Line 19 The Foundation has a Public Information Policy. This policy sets out the practices of the Foundation regarding disclosure of information and describes the extent and nature of those materials which will be made available to the public. The Foundation provides access to the following documents via a link on the Foundation's website: previous three year's Form 990 tax return, IRS tax determination letter, Articles of Incorporation, and Annual Report. The Form 990 tax return may also be viewed on Guidestar. Also available on the website is a listing of the Foundation's Board of Trustees and Foundation Staff. The Conflict of Interest Policy and other governing documents outlined in the Public Information Policy that are not on the website are available upon request. UHF Support Inc 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 Support for University of Hawaii Foundation HI 501(c)(3) 509(a)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0