2016-11-11T16:10:38-06:00 2016-06-30 861065772 Deloitte Tax LLP 111 S Wacker Drive Chicago IL 60606 990 2015-07-01 376006007 University of Illinois Foundation UNIV 2173330810 1305 West Green Street Urbana IL 61801 Christine C Devocelle Assistant Secretary and CFO 2173330810 2016-11-11 1 Howard J Mills P00122049 3124861000 2016-11-11 2015 2017-02-10 21:41:12Z James H Moore Jr 1305 West Green Street Urbana IL 61801 829735439 0 X www.uif.uillinois.edu X 1935 IL The University of Illinois Foundation is a nonprofit corporation organized and operated exclusively for the purpose of encouraging and administering gifts and making distributions of such funds to the University of Illinois (a state university). 20 20 144 923 0 950911 208693589 150005316 11991390 9887277 93078934 101047245 8270990 7468469 322034903 268408307 193126427 162083156 0 0 21242522 21939777 0 0 16051235 15523021 14355834 229891970 198378767 92142933 70029540 1997071323 1916738499 65402104 76584492 1931669219 1840154007 X The University of Illinois Foundation is a nonprofit corporation responsible for encouraging and administering private gifts made to further the University of Illinois's mission. Although the Foundation is a separate entity from the University of Illinois ("University"), the Foundation's sole reason for existence is to serve the University. 0 0 162083156 162083156 16601815 The University of Illinois Foundation makes distributions to the University of Illinois which uses these distributions in accordance with donor intent for many purposes, including student support, faculty support, and research. 162083156 1 1 0 0 0 1 0 0 0 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 1 0 0 0 1 0 0 0 1 446 0 1 144 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 20 20 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA DC HI IL KY MD MA MI MN NH NJ NY OK OR SC UT WV WI X X Walter K Knorr 2173330810 1305 West Green Street Urbana IL 61801 Gregory B Lykins Chair of the Board 2.00 X X 0 0 0 Roger L Plummer Immediate Past Chair of the Board 2.00 X X 0 0 0 Anthony G DiTommaso Director 2.00 X 0 0 0 Jane Phillips Donaldson Director 2.00 X 0 0 0 Alan D Feldman Director 2.00 X 0 0 0 Laura L Fraley Director 2.00 X 0 0 0 Juanita F Francis Director 2.00 X 0 0 0 Karen M Golz Director 2.00 X 0 0 0 Mary Kay Haben Director 2.00 X 0 0 0 G Stephen Irwin Director 2.00 X 0 0 0 Mannie L Jackson Director 2.00 X 0 0 0 Gail Veasman Kellogg Director 2.00 X 0 0 0 Leon J Loichle Director 2.00 X 0 0 0 Steven L Miller Director 2.00 X 0 0 0 Saul J Morse Director 2.00 X 0 0 0 Mark A Pytosh Director 2.00 X 0 0 0 Jose L Santillan Director 2.00 X 0 0 0 Kay M Schwichtenberg Director 2.00 X 0 0 0 Khawar Siddique Director 2.00 X 0 0 0 Carl L Vacketta Director 2.00 X 0 0 0 Shahid R Khan end 1015 Director 1.00 X 0 0 0 Sohaib Abbasi end 1015 Director 1.00 X 0 0 0 Maisie L Heiken end 1015 Director 1.00 X 0 0 0 Rick L Stephens end 1015 Director 1.00 X 0 0 0 James H Moore Jr Vice Chair & President 40.00 X 217654 0 31333 Thomas R Bearrows Legal Counsel 2.00 X 0 0 0 Jacquline N Schweighart Secretary 40.00 X 144866 0 37818 Walter K Knorr Treasurer 2.00 X 0 0 0 Christine C Devocelle Assistant Secretary 40.00 X 213269 0 34640 Michael B Bass Assistant Treasurer 2.00 X 0 0 0 Mary R Millage Assistant Treasurer 40.00 X 137578 0 29719 Michelle S White Assistant Treasurer 40.00 X 155594 0 38287 Ellen J Ellison Asst. Treasurer/Chief Investment Officer 40.00 X 532365 0 381713 Edward F Ewald Senior Vice President 40.00 X 342068 0 55828 Shari M Fox Senior Vice President 40.00 X 300168 0 36769 Chad B Ruback Vice President 40.00 X 268293 0 36798 Sidney S Micek Senior Advisor 40.00 X 248046 0 37635 Edward Creedon Director of Private Investments 40.00 X 240988 0 176133 Michael D McClintick Chief Information Officer 40.00 X 205050 0 26000 3005939 0 922673 29 0 1 0 TEKsystems PO Box 198568 Atlanta GA 30384 IT Employment Services 701656 Transforming Solutions Inc 675 N North Court Suite 440 Palatine IL 60067 IT Consulting 401636 Daniel J Edelman Inc 200 E Randolph Dr Chicago IL 60601 Marketing Consulting 355132 Grenzebach Glier & Associates Inc 401 N Michigan Ave Suite 28 Chicago IL 60611 Analytics Services 335530 Pro-Tech Search Inc 944 Clocktower Drive Springfield IL 62704 IT Employment Services 279504 8 150005316 10908958 150005316 University Contract & Budget 900099 9564716 9564716 Annual Funds 900099 322561 322561 9887277 16898079 16898079 1227516 473585 753931 753931 753931 644876713 126000 560731547 122000 84145166 4000 84149166 84149166 Athletic Receipts 900099 3212682 3212682 Non-Gift Revenue (Sales, Auctions 900099 2879859 2879859 Credit Card Recovery Fee 900099 422100 422100 199897 199897 6714538 268408307 16601815 0 101801176 162083156 162083156 2540858 1998690 542168 15413037 7667087 7745950 898300 530950 367350 2411217 1277991 1133226 676365 431142 245223 106476 106476 62260 62260 4844532 4844532 1408431 243213 1165218 31921 31921 1194904 852849 342055 1201819 647733 554086 655222 575773 79449 1134133 187092 947041 1446959 35587 1411372 69598 9066 60532 1529450 546068 983382 14942 14942 Communications & Market 356329 98834 257495 Memberships & Dues 185544 73308 112236 Subscriptions and Refer 113314 40783 72531 198378767 162083156 20244376 16051235 1231938 2109328 194000000 175000000 14636452 20351705 71295 68426 889949 690277 88748949 8570237 79809085 80178712 586721895 310927857 1044835395 1253221832 74875314 74190362 1997071323 1916738499 4366112 18422107 3257000 4757000 57778992 53405385 65402104 76584492 X 16502967 -8217961 957177837 858112456 957988415 990259512 1931669219 1840154007 1997071323 1916738499 X 70029540 -159527773 -2016979 X 0 1 X 1 0 X 176776360 298073854 153650151 208693589 150005316 987199270 176776360 298073854 153650151 208693589 150005316 987199270 83671411 903527859 19303251 26336370 22687209 20305136 18125595 106757561 1093956831 83335240 0.82590 0.77920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 11163 250000 1791158 1 1 1632778536 38669900 -112135581 1557178 29832948 1527922729 1600106862 55678552 -4574511 461791 26777676 1623971436 1423882139 45980475 149877818 1213516 18420054 1600106862 1199126507 136572040 107067241 1021223 17862426 1423882139 1204085197 33541569 -19196497 1402445 17901317 1199126507 0.16190 0.81170 0.02640 1 0 60303317 60303317 7269000 2966091 353560 9881531 6916817 5549454 1367363 11293724 2667223 8626501 80178712 157053595 F Hedged/alternative investments 794865681 F Real estate trusts & partnerships 41174656 F Other investments 3287074 F Large cap equity mutual fund 2214479 F International equity mutual fund 243900014 F Private equity 6640000 C International government bonds 4086333 F 1253221832 Annuities Payable 48468071 Remainder Interest Due to Others 4937314 53405385 X 105659649 -159527773 1623647 -157904126 263563775 4844532 4844532 268408307 197174861 1623647 2016979 3640626 193534235 4844532 4844532 198378767 Part V, Line 4: The University of Illinois Foundation's endowment funds are intended for use by the University of Illinois. When each endowment fund is established it is set up with a purpose code based on donor intent. Examples of these codes include scholarships, professorships, research, facilities, etc. Part X, Line 2: Management has evaluated their material tax positions, which include such matters as the tax exempt status of each entity and various positions relative to potential sources of UBIT . As of June 30, 2016, there were no uncertain tax benefits identified and recorded as a liability. Part XII, Line 2d - Other Adjustments: Actuarial Adjustment Central America and the Caribbean 0 0 Investments 157782150 East Asia and the Pacific 0 0 Investments 9841239 Europe (Including Iceland & Greenland) 0 0 Investments 22031278 North America 0 0 Investments 3680626 South America 0 0 Investments 1938176 Sub-Saharan Africa 0 0 Investments 1273417 East Asia and the Pacific 0 0 Fundraising 12370 East Asia and the Pacific 0 0 Investment management oversight travel expenses 8021 Europe (Including Iceland & Greenland) 0 0 Investment management oversight travel expenses 21598 North America 0 0 Fundraising 337 South America 0 0 Fundraising 1768 Sub-Saharan Africa 0 0 Investment management oversight travel expenses 4037 0 0 0 0 0 0 196567277 27740 196595017 1 0 0 1 1 0 0 University of Illinois 506 S Wright St 108 Henry Administr tion Bldg Urbana IL 61801 376000511 501(c)3 154589473 7493683 FMV/Appraisal Artwork, Books, Equipment, Software, and Other Similar Items Support for the University of Illinois 1 Form 990 Schedule I Part I The University of Illinois Foundation does not administer the other assistance. The funds are transferred to the University of Illinois which administers the funds. X X 1 1 X X X 1 0 0 0 0 0 0 1 0 James H Moore Jr Vice Chair & President 190888 0 25000 0 1766 0 19570 0 11763 0 248987 0 0 0 Jacquline N Schweighart Secretary 144866 0 0 0 0 0 19032 0 18786 0 182684 0 0 0 Christine C Devocelle Assistant Secretary 213269 0 0 0 0 0 15854 0 18786 0 247909 0 0 0 Mary R Millage Assistant Treasurer 137578 0 0 0 0 0 16985 0 12734 0 167297 0 0 0 Michelle S White Assistant Treasurer 150359 0 0 0 5235 0 18913 0 19374 0 193881 0 0 0 Ellen J Ellison Asst. Treasurer/Chief Investment Off 462365 0 70000 0 0 0 369950 0 11763 0 914078 0 0 0 Edward F Ewald Senior Vice President 342068 0 0 0 0 0 32669 0 23159 0 397896 0 0 0 Shari M Fox Senior Vice President 296358 0 0 0 3810 0 22868 0 13901 0 336937 0 0 0 Chad B Ruback Vice President 180654 0 0 0 87639 0 13300 0 23498 0 305091 0 0 0 Sidney S Micek Senior Advisor 227414 0 15000 0 5632 0 18574 0 19061 0 285681 0 0 0 Edward Creedon Director of Private Investments 197821 0 43167 0 0 0 167724 0 8409 0 417121 0 0 0 Michael D McClintick Chief Information Officer 205050 0 0 0 0 0 17214 0 8786 0 231050 0 0 0 Part I, Line 1a Travel for companions: James H. Moore, Jr. - to assist with business purpose of trip - not treated as taxable income Sidney S. Micek - to assist with business purpose of trip - not treated as taxable income Social club dues: James H. Moore, Jr. - % of personal use treated as taxable compensation Sidney S. Micek - % of personal use treated as taxable compensation Shari M. Fox - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Part I, Line 3 The Compensation Committee (Committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the Committee for compensation packages of any disqualified person except him/herself. The Committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The Committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President, the Secretary, the employed Assistant Treasurers, Legal Counsel, Senior Vice Presidents, and other staff members as determined by the President or his/her designee. This process in undertaken for each position on an annual basis. Part I, Line 4a Severance Payment: Chad B. Ruback - $87,500 Part I, Line 7 Ellen Ellison and Edward Creedon recieve a portion of their compensation based on qualitative performance goals that require a level of discretion by management. X 97 296035 FMV methods vary by gift X 28764 FMV methods vary by gift X 301 20703500 FMV methods vary by gift X 2 971000 FMV methods vary by gift X Software 6 3258560 FMV methods vary by X Equipment 99 2867085 FMV methods vary by X Beneficial Interest Trust 1 2500000 FMV methods vary by X Other/Miscellaneous 713 856051 FMV methods vary by 317 0 0 1 Part I, Column (b): Numbers represent the number of items received. Part I, Line 32b: The Foundation engages 3rd parties to sell non-cash contributions. We use the services of real estate agents to sell gifts of property and brokerage firms to sell securities gifts. Part I, Line 33: The values reported on schedule M vary from the non-cash contributions reported on Form 990 Part VIII line G due to changes in pledges receivable. The contribution revenue for a pledge is recorded in the year the pledge is made. In the year the pledge is fulfilled the contribution will show up in schedule M if it was fulfilled with a non-cash item (i.e. securities) but will be offset with a reduction in pledges receivable revenue, which is not displayed on schedule M. Form 990, Part I, Line 6 This number represents the number of Foundation Members. Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. Form 990, Part VI, Section A, line 1 The Board of Directors shall elect from its own body an Executive Committee of five or more which shall have and exercise all of the powers of the Board of Directors while the Board of Directors is not in meeting. The Chair of the Board of Directors shall serve as chair and shall be a voting member of the Committee. Unless otherwise provided by resolution of the Board of Directors, a majority of the voting members of the Executive Committee shall constitute a quorum, and the act of a majority of the members of the Executive Committee shall be the act of the Committee. Each member of the Executive Committee shall continue as such until the next annual meeting of the Foundation and until a successor is appointed, unless such member shall be sooner removed from such Executive Committee, or unless such member shall cease to qualify as a member thereof. Action taken by the Executive Committee shall be made a matter of record and the Secretary of the Foundation shall serve ex officio as Secretary of the Executive Committee. A written report of the action taken by the Executive Committee shall be made at the next meeting of the Board of Directors. Form 990, Part VI, Section A, line 6 Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. The University of Illinois Foundation's Bylaws set the maximum number of regular Members at 1,000. The Membership and Governance Committee reviews current Membership and make recommendations to the Board for renewal of incumbents, Life Members, and nominees for new Foundation Members. Honorary ex officio Foundation Members include the President of the University of Illinois, members of the Board of Trustees of the University of Illinois, Governor of the State of Illinois, Chair of the University of Illinois Alumni Association and Chancellors of the campuses of the University of Illinois. Members have no rights to receive distributions of income or assets from the organization. Form 990, Part VI, Section A, line 7a The primary duty of a University of Illinois Foundation Member is to vote in the election of corporate directors, usually at the annual fall meeting. There are 3 classes of members: honorary, member, and life member. Honorary ex officio Foundation Members include the President of the University of Illinois, members of the Board of Trustees of the University of Illinois, Governor of the State of Illinois, Chair of the University of Illinois Alumni Association and Chancellors of the campuses of the University of Illinois. Members are elected by the Board of Directors and serve for a 3 year term. They may be considered for renewal for an additional 3 year term. Members are eligible to serve on Board committees and have voting membership on Board committees. Life members are members that after exemplary service may be nominated as a life member. Life members shall have no voting power nor shall they be considered in determining a quorum. Life members shall be eligible to serve on Board committees as voting membership. Form 990, Part VI, Section B, line 11 The form is sent to the Accounting firm, Deloitte Tax, who provides a review of the form and schedules and signs the form as the paid preparer. A copy of the form is reviewed by the Audit Committee of the Board of Directors after the form is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is sent out each year to every member of the Board of Directors, including officers. After the forms are completed, any reported items are summarized and sent to every member of the Audit Committee for review. The members of the Audit Committee determine if any conflicts exist. Any questions or further research required is done by the Secretary of the Board. Legal counsel reviews the summary sent to the Audit Committe and then confers with the Audit Committee chair. A summary of the review and its conclusions is then given at the next Audit Committee meeting. Directors or Officers who have declared a conflict of interest, or who have been found to have a conflict of interest, shall refrain from participating in consideration of proposed transactions unless the Board or Foundation President requests information or interpretation for special reasons. Should a conflict of interest matter require an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. Form 990, Part VI, Section B, line 15 The Compensation Committee (Committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation, to make recommendations to be approved by the Committee for compensation packages of any disqualified person except him/herself. The Committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The Committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President, the Secretary/Senior Vice President, the employed Assistant Treasurers, and all Senior Vice Presidents. This process in undertaken for each position on an annual basis. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are made available to the public by accessing our website or upon request. Form 990, Part XI, line 9: Actuarial Adjustments -2,016,979. Leiby S Hall Scholarship Trust PO Box 1488 Decatur IL 62525 376357798 To provide undergraduate scholarships IL 501(c)(3) Line 11d, III-O University of Illinois Foundation 1 Mary Ellen Defenbaugh Charitable Trust PO Box 529 Mattoon IL 61938 371410645 To provide scholarships for the University of Illinois Medical School IL 501(c)(3) Line 11d, III-O University of Illinois Foundation 1 Margaret Bloom Trust 1045000013 100 W University Ave Champaign IL 61824 376224584 To provide scholarhips for the University of Illinois IL 501(c)(3) Line 11d, III-O University of Illinois Foundation 1 Justine O Saelhof & Clarence C Saelhof Foundation PO Box 1802 Providence RI 02901 366813867 To provide support to the University of Illinois RI 501(c)(3) PF University of Illinois Foundation 1 ECRU Corporation 1305 West Green Street Urbana IL 61801 621019111 Investment & Leasing IL University of Illinois Foundation C 2536 655360 1.00000 1 Herman J Adelmann Univ of Illinois Medical School Trust R64207005 10 S Dearborn Chicago IL 60603 366404161 Hold investments for which the income benefits the University of Illinois IL N/A T -84521 2349220 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Herman J Adelmann Univ of Illinois Medical School Trust R64207005 S 257535 Investment Returns Margaret Bloom Trust 1045000013 S 515232 Investment Returns Leiby S Hall Scholarship Trust S 284488 Investment Returns Justine O Saelhof & Clarence C Saelhof S 162107 Investment Returns