2017-11-14T08:49:07-06:00 2017-06-30 461497033 EKS&H LLLP 8181 E TUFTS AVENUE SUITE 600 DENVER CO 802372579 990 2016-07-01 237098397 COLORADO STATE UNIVERSITY FOUNDATION COLO 9704917135 PO BOX 1870 FORT COLLINS CO 80522 KATHLEEN HENRY PRESIDENT 9704917135 2017-11-13 1 CRAIG R CHOUN P00173718 3037409400 208.42.238.132 2017-11-14 08:48:35 MS P 122109F3A0CE9141E65EE033649E3CEF6DFAEDEE 2758D11C408DF3479EE8351B290E162F317781B8 2016 2021-01-29 14:40:06Z KATHLEEN HENRY PO BOX 1870 FORT COLLINS CO 80522 404583033 0 X WWW.CSUFOUNDATION.ORG X 1970 CO COLORADO STATE UNIVERSITY FOUNDATION RECEIVES, MANAGES AND INVESTS GIFTS IN SUPPORT OF CSU. 4 3 17 8 182636 -198976 98191055 108166801 0 0 17116628 59593313 53397 579436 115361080 168339550 47442404 48379816 0 0 1422121 1366713 0 0 0 5492478 6487185 54357003 56233714 61004077 112105836 471842916 580312978 15252321 16962109 456590595 563350869 X SEE SCHEDULE O COLORADO STATE UNIVERSITY FOUNDATION ASSISTS IN THE PROMOTION, DEVELOPMENT, AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND ENHANCEMENTS OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). THIS IS ACCOMPLISHED THROUGH RECEIVING, MANAGING, AND INVESTING GIFTS. PRINCIPAL AND/OR INCOME FROM THESE GIFTS ARE USED FOR SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WHICH DIRECTLY OR INDIRECTLY AID AND BENEFIT CSU. 0 0 49052388 48379816 CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). DURING THE YEAR, THE FOUNDATION TRANSFERRED APPROXIMATELY $49,000,000 TO CSU AND AFFILIATES. BECAUSE OF THIS AID, CSU WAS ABLE TO AWARD SCHOLARSHIPS AND FELLOWSHIPS TO ITS STUDENTS; PROVIDE FOR ACADEMIC AND INSTRUCTIONAL SUPPORT, RESEARCH EFFORTS, INSTITUTIONAL SUPPORT; AND OPERATION AND MAINTENANCE OF FACILITIES AND EQUIPMENT. 49052388 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 20 0 1 17 1 1 1 0 0 0 0 1 1 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK FL MD MA NH OR UT CA MI MN NJ NY X X GENEVE HUXLEY 9704917135 410 UNIVERSITY SERVICES CENTER FORT COLLINS CO 805239100 JAMES MARTELL DIRECTOR/CHAIR 1.00 X X 0 0 0 ROBERT CROMWELL DIRECTOR/VICE-CHAIR 1.00 X X 0 0 0 SCOTT THISTED DIRECTOR 1.00 X 0 0 0 KATHLEEN HENRY PRESIDENT/CEO 20.00 X X 120471 0 19726 KAREN DUNBAR TERM END 72016 SECRETARY/TREASURER/VP/CFO 40.00 X 132374 0 33115 GENEVE HUXLEY TERM BEG 102016 CFO/SECRETARY/TREASURER 40.00 X 22790 0 1284 LAURA SAYLER CONTROLLER 40.00 X 143909 0 22969 DIPEN PATEL CIS MANAGER 40.00 X 103897 0 14953 523441 0 92047 4 0 1 0 HOLLAND & HART LLP 555 17TH ST STE 3200 DENVER CO 80202 LEGAL 325884 WOODBERRY ASSOCIATES LLC 6227 EAGLE RIDGE RD BETTENDORF IA 52722 LEGISLATIVE RELATIONS 320384 MONTICELLO ASSOCIATES INC 1800 LARIMER STREET SUITE 2100 DENVER CO 80202 INVESTMENT MANAGEMENT 150000 3 108166801 3872716 108166801 5848718 5848718 289988078 236243483 53744595 53744595 53744595 MISCELLANEOUS 900099 396800 396800 ORD INCOME FROM PTNRSH 523000 182636 182636 579436 168339550 396800 182636 59593313 48379816 48379816 280745 280745 835908 835908 58693 58693 112919 112919 78448 78448 347751 325652 22099 75078 75078 324418 324418 4929171 4929171 86650 86650 7774 5000 2774 213769 1566 212203 105255 105255 8450 8450 4247 4247 8629 8629 61970 48722 13248 CULTIVATION/DEVELOPMENT 50375 50375 263648 241257 22391 56233714 49052388 7181326 0 34533 22270 988894 5274764 44626270 80615793 276803 449469 38952 39671 212140 180650 20784 31490 273381854 373705210 150926246 118457343 855040 1002520 693540 714448 471842916 580312978 371909 295626 1064105 2339119 13009093 13572492 807214 754872 15252321 16962109 X 21002014 34762682 254394357 317806349 181194224 210781838 456590595 563350869 471842916 580312978 X 112105836 -2351494 -2994068 X 0 1 X 1 0 X 45271687 59463960 70859020 98191055 108166801 381952523 45271687 59463960 70859020 98191055 108166801 381952523 65331494 316621029 3873498 3397241 5534972 7487971 5848718 26142400 63426 87498 292904 15448 396800 856076 408950999 0.77420 0.78380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2012 AMOUNT: $ 63,426. 2013 AMOUNT: $ 87,498. 2014 AMOUNT: $ 292,904. 2015 AMOUNT: $ 15,448. 2016 AMOUNT: $ 396,800. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 324418 324418 50980124 51304542 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 319545 338336 353951 324418 1336250 250000 250000 250000 250000 1000000 1500000 0 1 X 307266580 32846309 38592642 6803198 -5634116 377536449 291570129 36765167 -21710056 8988649 -9629989 307266580 297104672 8071268 -5153056 10507833 -2055078 291570129 254372544 13838422 31964582 18064901 -14994025 297104672 231306784 8347752 23441717 10101410 -1377701 254372544 0.07570 0.55830 0.36600 0 0 212140 180650 31490 31490 CASH/CASH EQUIV UNDER INV MGMT 1771417 F HEDGED EQUITIES 60945698 F PRIVATE EQUITY 55740228 F 118457343 LIFE INCOME AGREEMENTS 754872 754872 X 159668972 -2351495 -1599012 -3950507 163619479 4720071 4720071 168339550 52908698 1395056 1395056 51513642 4720071 4720071 56233713 PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY ARRANGEMENT: THE FOUNDATION HAS BEEN DESIGNATED BY THE BOARD OF GOVERNORS OF THE COLORADO STATE UNIVERSITY (CSU) SYSTEM AS THE OFFICIAL REPOSITORY FOR ALL GIFTS OF CASH, SECURITIES, AND OTHER ASSETS GIVEN TO CSU FOR THE USE AND BENEFIT OF CSU, OTHER THAN THOSE REQUIRED BY LAW TO BE KEPT BY CSU. ENDOWMENTS AND THE RELATED EXPENDABLE FUND ARE HELD BY THE FOUNDATION FOR INVESTMENT SAFEKEEPING. THE FOUNDATION REPORTS ON THESE FUNDS TO CSU REGULARLY. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: ENDOWMENT FUNDS SHALL BE USED BY CSU FOR PURPOSES SET FORTH BY THE ENDOWMENT DONOR(S). SUCH USES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, AND OUTREACH. PART X, LINE 2: FIN48: THE FOUNDATION IS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A PUBLIC CHARITY UNDER SECTION 509(A)(1). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2017 AND 2016. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED IN MANAGEMENT AND GENERAL EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2017 AND 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS -62,294. UNRELATED BUSINESS GAINS FROM PARTNERSHIPS -182,636. NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU -1,354,082. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 1,395,056. CENTRAL AMERICA/CARIBBEAN INVESTMENTS N/A 107184262 EUROPE INVESTMENTS N/A 5652288 0 0 0 0 0 0 112836550 0 112836550 1 0 0 1 1 0 1 COLORADO STATE UNIVERSITY OVAL DRIVE FORT COLLINS CO 80523 846000545 48379351 EDUCATION 1 PART I, LINE 2: MONITORING PROCEDURES: UPON THE ESTABLISHMENT OF A NEW GIFT FUND, A DESIGNATED CSU REPRESENTATIVE RECEIVES FUND DOCUMENTATION (INCLUDING DONOR'S INTENTIONS) AND AGREES TO ENSURE DONOR INTENT IS MET. REGULAR, PERIODIC CERTIFICATIONS ARE GENERATED BY THE FOUNDATION AND DISSEMINATED TO CSU REPRESENTATIVES FOR REVIEW AND ATTESTATION THAT ALL AMOUNTS TRANSFERRED TO CSU DURING THE REPORTING PERIOD HAVE BEEN EXPENDED OR USED IN ACCORDANCE WITH DONOR'S INTENTIONS. PART II, LINE 1H, PURPOSE OF GRANTS OR ASSISTANCE: PURPOSES SET FORTH BY THE DONOR ARE COMMUNICATED TO CSU FOR ALL CASH AND NON-CASH ASSISTANCE PROVIDED FROM CSU FOUNDATION TO CSU. SUCH PURPOSES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, CAPITAL IMPROVEMENTS, AND INSTITUTIONAL SUPPORT. X X X 0 0 0 0 0 0 0 0 0 KAREN DUNBAR TERM END 72016 SECRETARY/TREASURER/VP/CFO 132374 0 0 0 0 0 15157 0 17958 0 165489 0 0 0 LAURA SAYLER CONTROLLER 143344 0 0 0 565 0 12675 0 10294 0 166878 0 0 0 X 59 3872716 AVERAGE OF HIGH LOW 0 1 1 PART I, LINE 32B: CSU CONDUCTS FUNDRAISING FOR ALL GIFTS (BOTH CASH AND NONCASH). GIFTS OF CASH AND GIFTS OF SECURITIES FOR THE BENEFIT OF CSU ARE RECEIVED BY THE FOUNDATION. PER AN AGREEMENT BETWEEN THE FOUNDATION AND CSU, ALL GIFTS RECEIVED BY THE FOUNDATION ARE PROCESSED BY CSU. FORM 990, PART VI, SECTION A, LINE 1 COMPOSITION OF THE BOARD OF DIRECTORS: THE BOARD OF DIRECTORS OF THE FOUNDATION CONSISTS OF FIVE VOTING MEMBERS AND THREE, EX-OFFICIO, NON-VOTING MEMBERS. VOTING BOARD MEMBERS CONSIST OF FOUR COMMUNITY MEMBERS AND THE PRESIDENT OF THE FOUNDATION. AS OF JUNE 30, 2017, ONE OF THE VOTING MEMBER POSITIONS WAS VACANT. NON-VOTING BOARD MEMBERS CONSIST OF THE PRESIDENT OF COLORADO STATE UNIVERSITY, THE VICE PRESIDENT FOR OPERATIONS, AND THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF 990: AS DOCUMENTED IN MEETING MINUTES, THE FOUNDATION'S BOARD OF DIRECTORS HAS BEEN ENGAGED IN THE REPORTING REQUIREMENTS OF FORM 990. AT THE BOARD MEETING PRIOR TO FILING THE FORM 990, EACH DIRECTOR RECEIVED, REVIEWED AND APPROVED A COPY OF THE COMPLETED FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: DIRECTORS OF THE FOUNDATION'S BOARD AND EMPLOYEES OF THE FOUNDATION ARE PROVIDED COMPANY POLICIES ON OR BEFORE THEIR FIRST DATE OF SERVICE FOR THE FOUNDATION. ALL DIRECTORS AND KEY EMPLOYEES OF THE FOUNDATION'S BOARD ARE REQUESTED TO COMPLETE AND SUBMIT A DISCLOSURE OF POTENTIAL AND KNOWN CONFLICT(S) OF INTEREST ANNUALLY OR MORE FREQUENTLY IF CONFLICTS ARISE SOONER. ANY DISCLOSED RELATIONSHIPS ARE DISCUSSED WITH LEGAL COUNSEL AND A DETERMINATION MADE AS TO WHETHER THE RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST. SHOULD A CONFLICT OF INTEREST BE DETERMINED TO EXIST, THE BOARD IS INFORMED AND THE BOARD DETERMINES APPROPRIATE ACTION IF NECESSARY. SUCH ACTION MAY INCLUDE PROHIBITING THE DIRECTOR FROM PARTICIPATING IN CERTAIN DELIBERATIONS AND DECISIONS OR RECUSING THE DIRECTOR FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY: THE FOUNDATION'S PROCESS FOR DETERMINING COMPENSATION OF ALL OF ITS EMPLOYEES BEGINS WITH IDENTIFYING RESPONSIBILITIES OF THE POSITION. SALARIES ASSOCIATED WITH COMPARABLE POSITIONS WITHIN THE NONPROFIT SECTOR AND GEOGRAPHIC AREA ARE CONSIDERED, AS WELL AS THE EMPLOYEE'S RELEVANT EXPERIENCE AND EDUCATION. SALARY AND WAGE RATES FOR NEW EMPLOYEES AND ANY CHANGES TO PAY RATES ARE APPROVED BY THE PRESIDENT/CEO OR HIS/HER DESIGNEE. THE CHAIRPERSON OF THE FOUNDATION'S BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE PRESIDENT/CEO USING THE FOREMENTIONED PROCESS AND PROPOSES THE COMPENSATION OR CHANGES TO COMPENSATION TO THE VOTING DIRECTORS FOR APPROVAL. THE PRESIDENT/CEO DETERMINES THE COMPENSATION FOR OTHER TOP OFFICIALS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION ON AN INDIVIDUAL POSITION BASIS FOR OTHER TOP OFFICIALS IN CONJUNCTION WITH ITS REVIEW AND APPROVAL OF THE FOUNDATION'S BUDGET. BOARD-APPROVED COMPENSATION AND CHANGES IN COMPENSATION ARE COMMUNICATED BY THE CHAIRPERSON TO THE PRESIDENT/CEO AND CFO. APPROPRIATE DOCUMENTATION OF THE COMPENSATION PROCESS IS MAINTAINED IN THE FOUNDATION'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS TO THE PUBLIC: THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, IRS FORM 990, AND IRS FORM 1023 ARE AVAILABLE VIA THE FOUNDATION'S WEBSITE AT WWW.CSUFOUNDATION.ORG. ALSO AVAILABLE ON ITS WEBSITE IS THE FOUNDATION'S OPEN RECORDS POLICY WHICH ADDRESSES WHAT RECORDS ARE CONSIDERED PUBLIC RECORDS OPEN FOR INSPECTION AND THE PROCESS FOR REQUESTING SUCH RECORDS. FORM 990, PART XI, LINE 9: ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS -62,294. UNRELATED BUSINESS GAINS FROM PARTNERSHIPS -182,636. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -1,395,056. NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU -1,354,082. CHARITABLE REMAINDER TRUSTS (2) CRAT CO CSUF T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1