2017-05-15T11:19:00-05:00 2016-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2015-07-01 382953297 EASTERN MICHIGAN UNIVERSITY FOUNDATION EAST 7344841322 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 LAURA WILBANKS CFO 7344841322 2017-05-11 1 TINA PETERS P00904574 2483757100 2017-05-11 2015 2021-01-29 14:40:06Z X JILL HUNSBERGER 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 36192917 0 X WWW.EMUFOUNDATION.ORG X 1990 MI EASTERN MICHIGAN UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT PRIVATE FUNDS ON BEHALF OF AND FOR THE EXCLUSIVE BENEFIT OF EASTERN MICHIGAN UNIVERSITY, AND TO EXPAND ITS RESOURCE BASE THROUGH THE MANAGEMENT OF ASSETS AND THE INVESTMENT AND DISBURSEMENT OF FUNDS. 28 28 31 150 -99 -99 5747567 8596643 1593000 1593000 470684 -136055 30457 -16498 7841708 10037090 5520580 5503442 0 0 2024959 2006890 130748 129166 1597877 1154026 1692484 8830313 9331982 -988605 705108 70323669 70253365 875176 962224 69448493 69291141 X THE EASTERN MICHIGAN UNIVERSITY FOUNDATION, THROUGH COLLABORATIVE RELATIONSHIPS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS, CREATES OPPORTUNITIES THAT WILL PROVIDE ADDITIONAL SUPPORT TO THE STUDENTS, PROGRAMS, SERVICES AND EDUCATIONAL COMMUNITY OF EASTERN MICHIGAN UNIVERSITY. THE EASTERN MICHIGAN UNIVERSITY FOUNDATION WILL ACHIEVE ITS MISSION THROUGH IMAGE ENHANCEMENT, EFFECTIVE ASSET MANAGEMENT, ENTREPRENEURIAL EFFORTS AND DEVELOPMENT ACTIVITIES. 0 0 3600788 3600788 1593000 GIFT ALLOCATION TO EMU-THE FOUNDATION RECEIVES GIFTS ON BEHALF OF EMU. GIFTS DESIGNATED AS EXPENDABLE SCHOLARSHIPS & PROGRAM SERVICES ARE COLLECTED BY THE FOUNDATION AND DIRECTLY DISBURSED TO EMU. ALL OTHER GIFTS ARE ENDOWED/INVESTED FOR FUTURE DISBURSEMENT. 1902654 1902654 ENDOWED SCHOLARSHIPS AND PROGRAM SERVICES SPENDING ALLOCATED TO EMU-SPENDING FROM THE SCHOLARSHIP & PROGRAM SERVICE ENDOWMENTS ARE DISTRIBUTED TO EASTERN MICHIGAN UNIVERSITY. 5503442 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 6 0 1 31 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 1 0 1 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X LAURA WILBANKS 7344841322 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 JOSEPH CHRZANOWSKI CHAIR 1.00 X X 0 0 0 WILLIAM BRICKLEY PAST CHAIR 1.00 X X 0 0 0 BRENDA ALTEN VICE CHAIR 1.00 X X 0 0 0 DON REICHERT VICE CHAIR 1.00 X X 0 0 0 SHERWIN PRIOR TREASURER 1.00 X X 0 0 0 JACK BRUSEWITZ TRUSTEE 0.50 X 0 0 0 GEORGE COGAR TRUSTEE 0.50 X 0 0 0 STEVEN COLE TRUSTEE 0.50 X 0 0 0 TIMOTHY DYER TRUSTEE 0.50 X 0 0 0 THOMAS GWALTNEY TRUSTEE 0.50 X 0 0 0 GEORGE HARRISON TRUSTEE 0.50 X 0 0 0 EARLE HIGGINS TRUSTEE 0.50 X 0 0 0 ANNETTE JOHNSON TRUSTEE 0.50 X 0 0 0 JUDITH KULLBERG TRUSTEE 0.50 X 0 0 0 DONALD LOPPNOW TRUSTEE 0.50 X 0 0 0 MOLLY LUEMPERT-COY TRUSTEE 0.50 X 0 0 0 MILTON MACK TRUSTEE 0.50 X 0 0 0 DAVID MAMUSCIA TRUSTEE 0.50 X 0 0 0 DANIEL MCCLORY TRUSTEE 0.50 X 0 0 0 DARA MUNSON TRUSTEE 0.50 X 0 0 0 KIRK PROFIT TRUSTEE 0.50 X 0 0 0 RONALD REED TRUSTEE 0.50 X 0 0 0 GREGORY SHELDON TRUSTEE 0.50 X 0 0 0 INGRID SHELDON TRUSTEE 0.50 X 0 0 0 EDWARD SUROVELL TRUSTEE 0.50 X 0 0 0 JACLYNN TRACY TRUSTEE 0.50 X 0 0 0 JAMES WEBB TRUSTEE 0.50 X 0 0 0 JUDITH WOLLACK TRUSTEE 0.50 X 0 0 0 LINDA MCGILL INTERIM VP FOR ADVANCEMENT/EXEC DIR EMUF 9/30/15 40.00 X 123390 0 0 LAURA WILBANKS CFO 40.00 X 116921 0 7404 JILL HUNSBERGER INTERIM VP FOR ADVANCEMENT/EXEC DIR EMUF 10/1/15 40.00 X 121665 0 25901 361976 0 33305 3 0 0 0 NEPC LLC DEPARTMENT 3570 PO BOX 4110 WOBURN MA 01888 INVESTMENT CONSULTING 185648 WELLS FARGO 34100 WOODWARD SUITE 300 BIRMINGHAM MI 48009 INVESTMENT MANAGEMENT AND CUSTODY 175227 WILSON-BENNETT TECHNOLOGY INC 140 PROFESSIONAL DRIVE SUITE 2 CABOT AR 72023 PHONATHON SERVICES 129166 3 76407 8520236 303399 8596643 EASTERN MI UNIV. FEES 900099 1593000 1593000 1593000 627444 -99 627543 19319 18672 647 647 647 25290150 26053649 -763499 -763499 -763499 63844 76407 83506 -19662 -19662 OTHER REVENUE 900099 2517 2517 2517 10037090 1593000 -99 -152454 5503442 5503442 259364 259364 1311893 452199 859694 53211 23295 29916 279760 127469 152291 102662 44139 58523 2665 2665 45665 45665 129166 129166 373503 373503 66005 50970 15035 1150 1150 268512 110024 158488 85906 85906 45760 5665 40095 10870 5645 5225 452766 435924 16842 31011 28936 2075 INTEREST/CLOSING COSTS 94162 94162 0 MOVING EXPENSES 78200 78200 0 MEALS & ENTERTAINMENT 73380 858 72522 RESEARCH 24599 0 24599 38330 8739 29591 9331982 5503442 2230663 1597877 223323 128115 1572556 1449492 3300293 1290891 2449996 2009402 15773560 16068099 49976545 50379127 327689 219130 70323669 70253365 351585 461984 523591 500240 875176 962224 X 1807542 1055481 23516374 19475235 44124577 48760425 69448493 69291141 70323669 70253365 X 705108 -753524 -108936 X X 0 1 X 1 0 X 7188155 4117025 6217245 5747567 8596643 31866635 7188155 4117025 6217245 5747567 8596643 31866635 739206 31127429 1227902 1408720 1518323 1000180 646763 5801888 65933 66128 83905 88843 66361 371170 38039693 8710000 0.81830 0.79810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER FUNDRAISING RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66831244 4867694 -1263606 1362253 542564 1294709 67235806 66418795 2471843 645543 1246169 318428 1140340 66831244 57340579 1578461 10219809 1117902 292794 1309358 66418795 50756583 1932118 7371957 1030859 271304 1417916 57340579 49442261 4348793 -209697 1077055 370969 1376750 50756583 0.00200 0.72520 0.27280 0 0 612334 612334 2307423 1177568 1129855 380536 113323 267213 2009402 INVESTMENT - OTHER SECURITIES 50379127 F 50379127 SPLIT INTEREST AGREEMENT 500240 500240 PART V, LINE 4: THE ENDOWMENTS MANAGED BY THE EMU FOUNDATION ARE INTENDED TO BE USED TO SUPPORT STUDENTS, FACULTY AND PROGRAMS AT EASTERN MICHIGAN UNIVERSITY. THE MAJORITY OF THE ENDOWMENTS WERE ESTABLISHED WITH VERY SPECIFIC DONOR RESTRICTIONS REGARDING HOW THE AVAILABLE FUNDING CAN BE USED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 20761795 EUROPE 0 0 INVESTMENT 73732 0 0 0 0 0 0 20835527 0 20835527 1 0 1 0 0 0 X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC 140 PROFESSIONAL DRIVE SUITE 2 CABOT AR 72023 PHONATHON SERVICES 0 138393 129166 9227 138393 129166 9227 MI EMU CONSTRUCTORS GOLF OUTING 49103 27539 21564 5390 126 15851 2401 EMU FOOTBALL GOLF OUTING 29922 16448 13474 1610 1841 10140 72 4 61226 32420 28806 18058 980 14894 8275 3868 140251 76407 63844 23448 2590 16861 34266 6341 83506 -19662 1 EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 3339031 261757 FMV/ APPRAISAL VARIOUS GIFTS IN KIND GIFT ALLOCATION TO EMU. EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 1902654 ENDOWED SCHOLARSHIP AND PROGRAM SERVICE SPENDING ALLOCATED TO EMU. 1 PART I, LINE 2: THE EASTERN MICHIGAN UNIVERSITY FOUNDATION ACTS AS AN AGENT ON BEHALF OF EASTERN MICHIGAN UNIVERSITY (EMU). GIFTS RECEIVED FOR THE BENEFIT OF EMU STUDENTS AND PROGRAMS ARE RECEIVED BY THE EMU FOUNDATION, THE DONORS ARE RECEIPTED AND THE FUNDS ARE TRANSFERRED TO EMU WHERE SPENDING IS MONITORED BY THE EMU ACCOUNTING DEPARTMENT. WITH RESPECT TO ENDOWMENT SPENDING, THE EMU FOUNDATION PROVIDES EMU WITH AN ANNUAL SPENDING BUDGET FOR EACH ENDOWMENT. SPENDING IS MONITORED BY EMU ACCOUNTING AND AT THE END OF EACH FISCAL YEAR EMU WILL INVOICE THE EMU FOUNDATION FOR SPENDING WHICH HAS TAKEN PLACE. ONCE THAT INVOICE HAS BEEN RECONCILED AGAINST THE BUDGET, THE EMU FOUNDATION WILL REIMBURSE EMU FROM THE APPROPRIATE ENDOWMENT ACCOUNTS. X 8 41642 FAIR MARKET VALUE X VARIOUS 287 261757 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE EMU FOUNDATION DOES NOT USE A THIRD PARTY TO SOLICIT GIFTS OF STOCK; THESE GIFTS ARE SOLICITED BY OUR DEVELOPMENT STAFF JUST LIKE ANY OTHER GIFTS WOULD BE. THE FOUNDATION DOES HAVE A BROKERAGE ACCOUNT SET UP IN WHICH GIFTS OF STOCK ARE TRANSFERRED TO. AFTER THE STOCK TRANSFER HAS SETTLED, THE EMU FOUNDATION CFO INITIATES THE SALE OF STOCK AS SOON AS POSSIBLE AFTER THE STOCK IS RECEIVED (USUALLY THE NEXT BUSINESS DAY). THE BROKER THEN SELLS THE STOCK. THE NET PROCEEDS FROM THE STOCK SALE ARE THEN TRANSFERRED INTO THE EMU FOUNDATION'S CHECKING ACCOUNT. FORM 990, PART VI, SECTION A, LINE 2 JACLYN TRACY, LINDA MCGILL, JUDITH KULLBERG, DONALD LOPPNOW AND JILL HUNSBERGER HAVE A BUSINESS RELATIONSHIP, THEY ARE ALL EMPLOYED BY EASTERN MICHIGAN UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE UPDATED TO CLARIFY THAT ELECTED, APPOINTED AND EMERITUS TRUSTEES MUST MEET ALL THE CRITERIA ESTABLISHED BY THE TRUSTEESHIP COMMITTEE AND APPROVED BY A MAJORITY VOTE OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 7A FULL BOARD OF TRUSTEES MUST APPROVE/ELECT INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. EASTERN MICHIGAN UNIVERSITY HAS THE RIGHT TO NAME SEVERAL OF THE TRUSTEES OF THE EMU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 LAURA WILBANKS, CFO, EMAILS A DRAFT COPY OF THE 990 TO ALL MEMBERS OF THE INVESTMENT & FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE FOR REVIEW. THE CFO DOES NOT SIGN THE RETURN ON BEHALF OF THE FOUNDATION UNTIL ALL MEMBERS OF THESE COMMITTEES CONFIRMED VIA EMAIL THAT THEIR REVIEW WAS COMPLETE AND THAT ANY QUESTIONS THEY HAD WERE ADDRESSED SATISFACTORILY. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ON AN ANNUAL BASIS, WITH THE UNDERSTANDING THAT THIS QUESTIONNAIRE SHOULD BE COMPLETED AND RETURNED TO THE EMU FOUNDATION. REMINDERS ARE SENT PERIODICALLY DURING THE YEAR TO ENSURE THAT QUESTIONNAIRES HAVE BEEN RECEIVED BY ALL VOTING MEMBERS OF THE BOARD. ANY VOTING TRUSTEE WHO HAS A POSSIBLE CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER SHALL NOT VOTE OR EXERCISE HIS OR HER PERSONAL INFLUENCES IN THE DISPOSITION OF THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF INSURANCE -108,713. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -50,357. EQUITY TRANSFERS FROM RELATED ORGANIZATION 50,134. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. PLANNED REAL ESTATE CORP 112 WELCH HALL 850 W CROSS ST YPSILANTI MI 48197 383505090 TITLE HOLDING COMPANY MI IRC SEC. 501(C)(2) EASTERN MICHIGAN UNIVERSITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0