2016-02-10T10:04:26-06:00 2015-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2014-07-01 846049811 UNIVERSITY OF COLORADO FOUNDATION UNIV 3038137935 1800 GRANT STREET SUITE 725 DENVER CO 80203 JACK FINLAW PRESIDENT & CEO 3038137935 2016-02-09 1 DORI J EGGETT P00645252 3037409400 2014 2016-04-25 22:37:26Z MIKE PRITCHARD 1800 GRANT STREET SUITE 725 DENVER CO 80203 290600590 0 X WWW.CUFUND.ORG X 1967 CO TO RECEIVE, MANAGE, AND INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 21 20 30 90 -22081 -1449806 148897892 131859347 2922720 3245533 77873795 68813589 387843 67036 230082250 203985505 109171590 109204283 0 0 2580290 2467415 828875 845434 18433838 28390904 29554507 140971659 142071639 89110591 61913866 1570759090 1629994000 367503495 385283875 1203255595 1244710125 X TO RECEIVE, MANAGE, AND INVEST PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 0 0 109204283 109204283 3245533 SEE SCHEDULE O. 109204283 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 18 0 1 30 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 21 20 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CO CT DC GA KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WV WI X MIKE PRITCHARD 3038137905 1800 GRANT STREET SUITE 725 DENVER CO 80203 ANDREW J SAFIR DIRECTOR 1.00 X 0 0 0 BETSY A MANGONE DIRECTOR 1.00 X 0 0 0 BRETT NICHOLAS DIRECTOR 1.00 X 0 0 0 DAVID C BAKER DIRECTOR 1.00 X 0 0 0 DAWN F WOOD DIRECTOR 1.00 X 0 0 0 EARL L WRIGHT DIRECTOR 1.00 X 0 0 0 EDWARD A OSBORNE DIRECTOR 1.00 X 0 0 0 ERIC KRAMER DIRECTOR 1.00 X 0 0 0 FREDRICK J BRADFORD DIRECTOR 1.00 X 0 0 0 GARY R ANDERSON DIRECTOR 1.00 X 0 0 0 HEIDI GANAHL DIRECTOR 1.00 X 0 0 0 JACK FINLAW PRESIDENT & CEO 40.00 X X 16526 0 992 JAMES CT LINFIELD DIRECTOR 1.00 X 0 0 0 JANDELL T ALLEN-DAVIS DIRECTOR 1.00 X 0 0 0 KAREN L POSSEHL DIRECTOR 1.00 X 0 0 0 KEVIN REIDY DIRECTOR 1.00 X 0 0 0 KILE MORGAN JR DIRECTOR 1.00 X 0 0 0 MARCIA PRYDE DIRECTOR 1.00 X 0 0 0 MARGARET M BATHGATE DIRECTOR 1.00 X 0 0 0 MARY SISSEL DIRECTOR 1.00 X 0 0 0 MICHAEL F IMHOFF DIRECTOR 1.00 X 0 0 0 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 40.00 X 145262 0 25801 DAN B PALMQUIST VP & CFO - TERM ENDED 6/30/15 40.00 X 160492 0 9932 SCOTT DUNN CONTROLLER 40.00 X 92491 0 22188 DAVID CHADWICK VP REAL ESTATE 40.00 X 167300 0 30114 582071 0 89027 3 0 1 0 PERELLA WEINBERG PARTNERS 7979 E TUFTS AVENUE DENVER CO 80237 INVESTMENT MANAGER 3010678 RUFFALO CODY LLC 65 KIRKWOOD N ROAD SW CEDAR RAPIDS IA 52406 CALL CENTER SERVICES 838823 HIGHCLERE INTERNATIONAL INVESTORS 2 MANCHESTER SQUARE LONDON LONDON UK W1U3PA INVESTMENT MANAGER 802856 EAGLE CAPITAL MANAGEMENT LLC 499 PARK AVE 17TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGER 576887 BAUPOST VALUE PARTNERS 10 ST JAMES AVENUE SUITE 1700 BOSTON MA 02116 INVESTMENT MANAGER 526853 12 131859347 22718157 131859347 DVLPMT SVC FEE - INVST 611710 3245533 3245533 3245533 18174063 18174063 59 59 28417 0 28417 28417 28417 137254611 86615085 50639526 50639526 50639526 DUES REVENUE 611710 79483 79483 OTHER REVENUE 611710 -18842 -18842 UBIT REVENUE 523000 -22081 -22081 38560 203985505 3325016 -22081 68823223 X 109204283 109204283 384658 384658 1606738 1606738 93797 93797 247397 247397 134825 134825 96351 96351 161101 161101 845434 845434 9847718 9847718 17823163 234759 17588404 20691 20691 303677 303677 539036 539036 327325 327325 17660 17660 58212 58212 234420 234420 RECRUITING/RELOCATION F 100969 100969 DUES/MEMBERSHIPS/UNEMPL 12557 12557 LICENSES AND FEES 6203 6203 PROFESSIONAL DEVELOPMEN 5424 5424 142071639 109204283 14433518 18433838 17291220 18492660 77092173 85785148 486558 2924 3832220 3491601 1060040 340619 877488381 914001761 545226272 560291396 52114446 51079492 1570759090 1629994000 9159496 6580360 358343999 378703515 367503495 385283875 X 74445161 69613213 702077690 723887156 426732744 451209756 1203255595 1244710125 1570759090 1629994000 X 61913866 -20268316 -191020 X 0 1 X 1 0 X 102076608 107240934 127619327 148897892 131859347 617694108 102076608 107240934 127619327 148897892 131859347 617694108 44102997 573591111 12924829 11469428 15512209 15127073 18202539 73236078 287873 1040069 505135 529005 60641 2422723 693352909 28570139 0.82730 0.84770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132223921 132223921 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 1 14000 1 1 893963354 40489450 32222904 60793974 905881734 747137724 40546478 141477696 35198544 893963354 649980421 45631282 86385196 34859175 747137724 656299418 29193171 -8456902 27055266 649980421 555234839 25771427 106541790 31248638 656299418 0.01810 0.45600 0.52590 1 0 32078 32078 486636 381953 104683 229521 219768 9753 2810716 2618143 192573 273269 271737 1532 340619 PRIVATE EQUITY 206651431 F LONG/SHORT HEDGE FUNDS 57051660 F ABSOLUTE RETURNS FUNDS 95998975 F VENTURE CAPITAL 60989882 F OIL AND GAS 25390048 F OTHER 1007926 F REAL ESTATE 86814843 F CASH AND CASH EQUIVALENTS 11386631 F COMMODITIES 15000000 F 560291396 FUNDS HELD IN TRUST FOR OTHERS 2681409 LIABILITIES UNDER SPLIT INTEREST 21250561 CUSTODIAL FUNDS 354771545 378703515 X 173678451 -20268316 -213101 -20481417 194159868 9847718 -22081 9825637 203985505 132223921 0 132223921 9847718 9847718 142071639 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS INCLUDE DONOR RESTRICTED PURE AND QUASI-ENDOWMENT FUNDS, AND BOARD-DESIGNATED ENDOWMENT FUNDS. THESE ENDOWMENTS ARE MANAGED IN ACCORDANCE WITH THE FOUNDATION BOARD APPROVED SPENDING POLICY, AND DISTRIBUTIONS FROM THESE ENDOWMENTS ARE MADE IN ACCORDANCE WITH SUCH POLICY AND ARE AVAILABLE TO THE UNIVERSITY OF COLORADO TO SUPPORT ITS PROGRAMS AND OPERATIONS, IN ACCORDANCE WITH THE APPLICABLE DONORS' RESTRICTIONS. PART X, LINE 2: THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX PROVISIONS 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, 2015 OR 2014. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2015 OR 2014. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2011 THROUGH THE CURRENT YEAR FOR FEDERAL AND STATE RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -213,101. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME -22,081. 1 EAST ASIA AND THE PACIFIC - INVESTMENTS 7373040 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 58394456 WESTERN EUROPE - INVESTMENTS 6327898 0 0 0 0 0 0 72095394 0 72095394 1 0 1 0 1 0 PART I, LINE 2: THE FOUNDATION DOES NOT PROVIDE GRANTS OR OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES. X X X X X 1 RUFFALO CODY LLC 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 OPER/MANAGE CALL CENTER 0 1219960 845434 374526 1219960 845434 374526 AK AZ AR CA CO CT DC GA HI IL KY LA ME MD MA MI MN MS MO NH NJ NY OH OK OR SC TN UT VA WA WI WV AL NC 1 UNIVERSITY OF COLORADO 1800 GRANT ST SUITE 800 DENVER CO 80203 846000555 501(C)(3) 108509653 BOOK SEE PART IV UNIVERSITY OF COLORADO REAL ESTATE FOUNDATION 1800 GRANT ST STE 725 DENVER CO 80203 743066182 501(C)(3) 119630 GENERAL CONTRIBUTION UNIVERSITY OF COLORADO HOSPITAL FOUNDATION 12401 E 17TH AVE MS F485 AURORA CO 80045 208575263 501(C)(3) 550000 GENERAL CONTRIBUTION UNIVERSITY OF NORTHERN COLORADO FOUNDATION JUDY FARR CENTER - CAMPUS BOX 20 GREELEY CO 80639 846044833 501(C)(3) 15000 GENERAL CONTRIBUTION PIKES PEAK COMMUNITY COLLEGE FOUNDATION 5675 S ACADEMY BLVE C11 COLORADO SPRINGS CO 80906 742182257 501(C)(3) 5000 GENERAL CONTRIBUTION 7 PART I, LINE 2: THE USE OF GRANTS MADE BY THE UNIVERSITY OF COLORADO FOUNDATION ARE MONITORED BY THE UNIVERSITY OF COLORADO. PART II, LINE 1: UNIVERSITY OF COLORADO - GRANTS PAID GIFTS AND INCOME DISTRIBUTED TO THE UNIVERSITY OF COLORADO WERE APPLIED AS FOLLOWS: ACADEMICS - $34,476,083 ATHLETICS - $5,088,519 FACULTY AND STAFF COMPENSATION - $2,974,270 LAND, BUILDINGS, AND EQUIPMENT - $15,411,742 LIBRARY - $606,672 PROFESSORSHIP CHAIRS - $11,826,157 RESEARCH - $19,613,872 SCHOLARSHIPS & FINANCIAL AID - $18,422,209 OTHER ACADEMIC PURPOSES - $90,129 1 X X X 1 0 0 0 0 0 0 0 0 A KELLER YOUNG ESQ VP & GENERAL COUNSEL 145262 0 0 0 0 0 8716 0 17085 0 171063 0 0 0 DAN B PALMQUIST VP & CFO - TERM ENDED 6/30/15 160492 0 0 0 0 0 9932 0 0 0 170424 0 0 0 DAVID CHADWICK VP REAL ESTATE 167300 0 0 0 0 0 10038 0 20076 0 197414 0 0 0 PART I, LINE 4A DAN PALMQUIST RECEIVED A SEVERANCE PAYMENT OF $83,000, WHICH WILL BE REFLECTED AS REPORTABLE COMPENSATION IN HIS W-2 FOR 2015 AND IN THE FORM 990 FOR THE FISCAL YEAR ENDED JUNE 30, 2016. X 462 22135701 AVG HIGH/LOW PRICE X 2 403046 APPRAISALS X 1 179410 APPRAISAL 0 1 1 PART I, LINE 32B: THE FOUNDATION HAS ACCOUNTS AT UBS, KASPICK, AND CHARLES SCHWAB WHERE SECURITIES ARE RECEIVED AND SOLD. FORM 990, PART III, LINE 4A UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS TO BENEFIT THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $131,859,347 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2015. IN ADDITION, AS OF JUNE 30, 2015, THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $1,244,710,125 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO UNIVERSITY OF COLORADO IN THE AMOUNT OF $109,204,283. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC. FORM 990, PART VI, SECTION A, LINE 3 IN THE CURRENT FISCAL YEAR, THE FOUNDATION HIRED A CONTRACT EMPLOYEE THAT SERVED AS AN INTERIM EXECUTIVE DIRECTOR, BUT WAS NEVER DESIGNATED AS AN OFFICER. FORM 990, PART VI, SECTION B, LINE 11 A FULL REVIEW BY THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM WILL BE PROVIDED TO THE AUDIT COMMITTEE. A SUMMARY OF THIS REVIEW WILL BE PRESENTED TO THE FULL BOARD BY THE AUDIT COMMITTEE CHAIR ALONG WITH A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS PROVIDED TO KEY EMPLOYEES, DIRECTORS, AND COMMITTEE MEMBERS. EACH RECIPIENT IS ASKED TO COMPLETE A DISCLOSURE CERTIFICATION. THESE DOCUMENTS ARE COLLECTED AND THE INFORMATION COMPILED IN THE FOUNDATION'S LEGAL DEPARTMENT. WHEN THE FOUNDATION IS CONSIDERING ENTERING INTO MAJOR TRANSACTIONS AND/OR CONTRACTS WITH OUTSIDE PARTIES, POTENTIAL CONFLICTS OF INTEREST ARE RESEARCHED. IF THERE IS AN IDENTIFIED CONFLICT, THE FOUNDATION DOCUMENTS SUCH AND RESOLVES THE ISSUE BASED ON THE POLICY REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF COLORADO FOUNDATION HAS A COMPENSATION COMMITTEE OF FOUR DIRECTORS. THE COMMITTEE'S ROLE IS TO ANNUALLY OBTAIN COMPARATIVE MARKET SALARY SURVEY INFORMATION. BASED ON THIS MARKET DATA AND PERFORMANCE, RECOMMENDATIONS FOR SALARY ADJUSTMENTS ARE REVIEWED. THIS COMMITTEE SPECIFICALLY REVIEWS AND APPROVES SALARY ADJUSTMENTS AND ANY ADDITIONAL COMPENSATION FOR THE CEO AND VP'S. SALARY RANGE REVIEW AND RECOMMENDATIONS ARE MADE TO THIS COMMITTEE ON AN ANNUAL BASIS. DELIBERATION AND CONCLUSION OF THE COMPENSATION DISCUSSION IS DOCUMENTED IN THE MINUTES MAINTAINED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. AUDITED FINANCIALS ARE ALSO AVAILABLE ON THE CUF WEBSITE WWW.CUFUND.ORG. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 234,759. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 234,759. CU SUPPORT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 17,588,404. TOTAL EXPENSES 17,588,404. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -213,101. UNRELATED BUSINESS INCOME 22,081. CUF BOULDER II LLC 1800 GRANT STREET SUITE 725 DENVER CO 80203 271020656 REAL ESTATE CO CU FOUNDATION CU FOUNDATION HOLDINGS INC 1800 GRANT STREET SUITE 725 DENVER CO 80203 311608076 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (60) CRAT/CRUT CO CUF T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0