2016-05-07T14:25:27-05:00 2015-06-30 861065772 Deloitte Tax LLP 111 Monument Circle Suite 4200 Indianapolis IN 462045108 990 2014-07-01 356018940 Indiana University Foundation INDI 8128558311 PO Box 500 Bloomington IN 47402 Daniel Smith President & CEO 8128558311 2016-05-07 1 Shawna M Jimenez P01222873 3174648600 2014 2016-08-17 19:52:53Z Daniel Smith PO Box 500 Bloomington IN 47402 2363644190 0 X www.iufoundation.iu.edu X 1936 IN To maximize philanthropic support for Indiana University 26 24 658 2900 -1357304 -1357304 151457232 134762439 24418538 24444824 36922648 123703434 9933387 11683746 222731805 294594443 140665535 151053694 0 0 20108433 22142711 0 0 24689620 33125809 35279894 193899777 208476299 28832028 86118144 2596501499 2625026845 431329279 439050545 2165172220 2185976300 The Indiana University Foundation maximizes private support for Indiana University by fostering lifelong relationships with key stakeholders and providing advancement leadership and fundraising services for campuses and units across the university. 0 0 151053694 151053694 18080601 In accordance with the stated donor intent, IUF provides grants, scholarships, awards, Endowed Chairs & Professorships, fellowships, etc. to members of the IU community. 19529187 17329845 IUF is responsible for the investment and management of funds raised for the benefit of IU. 170582881 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 421 0 1 658 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 26 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IN AK CO DC KY MA MD ME MI MN NH NJ NY OH OR SC UT WA WV WI NV X Catherine L Melvin 8128558311 PO Box 500 Bloomington IN 47402 Daniel C Smith President & CEO 40.00 0.00 X X 423967 0 58212 Kathryn E Booth Fiduciary Director 0.00 0.00 X 0 0 0 William P Carmichael Honorary Director 0.00 0.00 X 0 0 0 Alecia A DeCoudreaux Honorary Director 0.00 0.00 X 0 0 0 Clarence H Doninger Non-Fiduciary Director 0.00 0.00 X 0 0 0 David G Elmore Fiduciary Director 0.00 0.00 X 0 0 0 Jean A Ford Honorary Director 0.00 0.00 X 0 0 0 Ezra H Friedlander Honorary Director 0.00 0.00 X 0 0 0 Jack M Gill Honorary Director 0.00 0.00 X 0 0 0 Moses W Gray Honorary Director 0.00 0.00 X 0 0 0 Ann L Harrison Non-Fiduciary Director 0.00 0.00 X 0 0 0 Steven H Henke Non-Fiduciary Director 0.00 0.00 X 0 0 0 Adam W Herbert Jr Honorary Director 0.00 0.00 X 0 0 0 Jay B Hunt Honorary Director 0.00 0.00 X 0 0 0 V William Hunt Non-Fiduciary Director 0.00 0.00 X 0 0 0 David H Jacobs Jr Non-Fiduciary Director 0.00 0.00 X 0 0 0 Robert W Lanum Honorary Director 0.00 0.00 X 0 0 0 Dale Ellen Leff Fiduciary Director 0.00 0.00 X 0 0 0 Jane H Martin Non-Fiduciary Director 0.00 0.00 X 0 0 0 William G Mays Thru 12-2014 Honorary Director 0.00 0.00 X 0 0 0 Patricia Miller Honorary Director 0.00 0.00 X 0 0 0 Randall C Morgan Jr Non-Fiduciary Director 0.00 0.00 X 0 0 0 Norman E Pfau Jr Fiduciary Director 0.00 0.00 X 0 0 0 Lynn E Reichle Non-Fiduciary Director 0.00 0.00 X 0 0 0 Thomas D Rush Fiduciary Director 0.00 0.00 X 0 0 0 Scott C Schurz Non-Fiduciary Director 0.00 0.00 X 0 0 0 Richard C Searles Non-Fiduciary Director 0.00 0.00 X 0 0 0 Patrick A Shoulders Fiduciary Director 0.00 0.00 X 0 0 0 Cynthia Simon Skjodt Non-Fiduciary Director 0.00 0.00 X 0 0 0 Julie Inskeep Fiduciary Director 0.00 0.00 X 0 0 0 James Sinclair Honorary Director 0.00 0.00 X 0 0 0 Fred Steingraber Non-Fiduciary Director 0.00 0.00 X 0 0 0 Milton R Stewart Fiduciary Director 0.00 0.00 X 0 0 0 Stephen A Stitle Non-Fiduciary Director 0.00 0.00 X 0 0 0 Gregg T Summerville Fiduciary Director 0.00 0.00 X 0 0 0 W Michael Wells Non-Fiduciary Director 0.00 0.00 X 0 0 0 Desmond C Wong Non-Fiduciary Director 0.00 0.00 X 0 0 0 Richard E Woosnam Treasurer 0.00 0.00 X X 0 0 0 S Sue Aramian Non-Fiduciary Director 0.00 0.00 X 0 0 0 Glenn L Banks Honorary Director 0.00 0.00 X 0 0 0 Richards D Barger Non-Fiduciary Director 0.00 0.00 X 0 0 0 Clarence W Boone Sr Honorary Director 0.00 0.00 X 0 0 0 Bill C Brown Non-Fiduciary Director 0.00 0.00 X 0 0 0 Gayle K Cook Non-Fiduciary Director 0.00 0.00 X 0 0 0 James W Cozad Thru 3-2015 Honorary Director 0.00 0.00 X 0 0 0 Donald C Danielson Thru 5-2015 Non-Fiduciary Director 0.00 0.00 X 0 0 0 Ellen C Gignilliat Non-Fiduciary Director 0.00 0.00 X 0 0 0 Alan B Gilman Fiduciary Director 0.00 0.00 X 0 0 0 Lawrence D Glaubinger Thru 9-2014 Honorary Director 0.00 0.00 X 0 0 0 PA Mack Jr Non-Fiduciary Director 0.00 0.00 X 0 0 0 Robert H McKinney Non-Fiduciary Director 0.00 0.00 X 0 0 0 Joseph T Morrow Non-Fiduciary Director 0.00 0.00 X 0 0 0 John D Peterson Jr Non-Fiduciary Director 0.00 0.00 X 0 0 0 Ernestine M Raclin Honorary Director 0.00 0.00 X 0 0 0 J Fred Risk Honorary Director 0.00 0.00 X 0 0 0 James R Hodge Fiduciary Director 0.00 0.00 X 0 0 0 Robert A Borns Honorary Director 0.00 0.00 X 0 0 0 Thomas Ehrlich Honorary Director 0.00 0.00 X 0 0 0 Harry L Gonso Vice Chairman 0.00 0.00 X X 0 0 0 Charles E Lanham Honorary Director 0.00 0.00 X 0 0 0 Thomas M Lofton Thru 6-2015 Honorary Director 0.00 0.00 X 0 0 0 Phyllis E McCullough Honorary Director 0.00 0.00 X 0 0 0 James T Morris Non-Fiduciary Director 0.00 0.00 X 0 0 0 Georgette Mosbacher Honorary Director 0.00 0.00 X 0 0 0 Frank P Popoff Honorary Director 0.00 0.00 X 0 0 0 Jill S Ruckelshaus Honorary Director 0.00 0.00 X 0 0 0 Marianne W Tobias Honorary Director 0.00 0.00 X 0 0 0 John D Walda Honorary Director 0.00 0.00 X 0 0 0 John Shoemaker Honorary Director 0.00 0.00 X 0 0 0 Sandra E Laney Fiduciary Director 0.00 0.00 X 0 0 0 Gary J Anderson Fiduciary Director 0.00 0.00 X 0 0 0 Lacy M Johnson Non-Fiduciary Director 0.00 0.00 X 0 0 0 Michael McRobbie Board Chair, Fiduciary Dir 0.00 0.00 X X 0 0 0 Michael D Shumate Fiduciary Director 0.00 0.00 X 0 0 0 Stephen R Springer Honorary Director 0.00 0.00 X 0 0 0 Randall L Tobias Fiduciary Director 0.00 0.00 X 0 0 0 Curt Simic Honorary Director 0.00 0.00 X 0 0 0 William Buckner Non-Fiduciary Director 0.00 0.00 X 0 0 0 Jeffrey Fettig Fiduciary Director 0.00 0.00 X 0 0 0 Alan Graf Jr Fiduciary Director 0.00 0.00 X 0 0 0 Kathleen Ligocki Fiduciary Director 0.00 0.00 X 0 0 0 Rose Mays Non-Fiduciary Director 0.00 0.00 X 0 0 0 Glen Scolnik Fiduciary Director 0.00 0.00 X 0 0 0 Randolph Seger Fiduciary Director 0.00 0.00 X 0 0 0 Margaret Watanabe Non-Fiduciary Director 0.00 0.00 X 0 0 0 Robert Zerbe Non-Fiduciary Director 0.00 0.00 X 0 0 0 Jane M Jorgensen Non-Fiduciary Director 0.00 0.00 X 0 0 0 J Robert Quigg III Non-Fiduciary Director 0.00 0.00 X 0 0 0 Richard L Johnson Jr Fiduciary Director 0.00 0.00 X 0 0 0 Louis G Jordan Fiduciary Director 0.00 0.00 X 0 0 0 Eugene Tempel Honorary Director 0.00 0.00 X 0 0 0 MaryEllen Bishop Non-Fiduciary Director 0.00 0.00 X 0 0 0 Alisa Hendrix Non-Fiduciary Director 0.00 0.00 X 0 0 0 Philippa Guthrie VP, General Counsel & Corp Sec. 40.00 0.00 X 198556 0 52606 Gary Stratten VP & CIO 40.00 0.00 X 414105 0 73206 Steven A Martin Assistant Corp Secretary 0.00 0.00 X 0 0 0 Jeffrey D Stumpf Exec. VP for Finance & Oper 40.00 0.00 X 244838 0 61917 Richard Dupree Exec. VP for Development 40.00 0.00 X 307288 0 71748 Mary Bonk VP, Advancement Technology 40.00 0.00 X 199361 0 52500 Sheila Decker Associate VP, Admin 40.00 0.00 X 165051 0 54393 John Keith Associate VP, Indiv Giving 40.00 0.00 X 164670 0 29283 Jeff Lindauer VP, Advancement Services 40.00 0.00 X 199816 0 35000 Laurie Burns McRobbie Associate to the President 40.00 0.00 X 158830 0 42325 D Abe Weldy Director, Alternative Inv. 40.00 0.00 X 235348 0 57001 James Bergstrom Director, Investments 40.00 0.00 X 232685 0 65496 Sarah Beggs Chief of Staff 40.00 0.00 X 160829 0 28282 Joyce Rogers VP, Dev and External Relations DEMA 40.00 0.00 X 243234 0 60994 Jeff Lambright AVP & CCO 40.00 0.00 X 139071 0 50251 Eric DeHaan Associate VP for International Dev 40.00 0.00 X 153129 0 26957 Catherine Melvin Controller 40.00 0.00 X 141219 0 42910 Judy Tichenor-Kanelos Exec. Director, Advancement 40.00 0.00 X 139706 0 44266 John Wilhite AVP, Pers Prop, RE & Ins 40.00 0.00 X 136804 0 43583 Gina M Reel Associate VP, Finance 40.00 0.00 X 148469 0 45480 Paula Jenkins VP for Development, Reg 40.00 0.00 X 218698 0 47234 Dorothy Metaj VP for Development, IUPUI 40.00 0.00 X 234707 0 49070 4660381 0 1092714 33 1 1 0 Cambridge Associates PO Box 83232 Chicago IL 60691 Investment Consultant 1875000 Champlain Investment Partners 180 Battery Street Burlington VT 05401 Investment Manager 607362 Snyder Capital Management 101 Mission Street San Francisco CA 94105 Investment Manager 573253 Cramer Rosenthal McGlynn LLC PO Box 6210 Church Street Station New York NY 102612700 Investment Manager 437987 William Blair & Company 222 West Adams Street Chicago IL 60606 Investment Manager 370953 13 17596 134744843 13201779 134762439 Management Fees 900099 17329845 17329845 Dev Service Fee 900099 4923219 4923219 Other Income 900099 1519077 1415813 103264 Telefund Service Fee 900099 672683 672683 24444824 6632324 6632324 1953739 1953739 5504416 2363644 3140772 3140772 3140772 2183349371 2066278261 117071110 117071110 117071110 529531 17596 407842 121689 121689 Other Income 900099 7824850 7824850 Income/Loss from K-1's 525990 -1357304 -1357304 6467546 294594443 35307182 -1357304 125882126 150224396 150224396 102848 102848 726450 726450 4091541 1425680 2665861 743657 259124 484533 11245134 3918319 7326815 1939094 675669 1263425 2920209 1017534 1902675 1203076 419207 783869 123386 42993 80393 371763 129539 242224 19529187 19529187 1940710 676232 1264478 49009 17077 31932 1927000 671455 1255545 1593092 555106 1037986 1168989 407329 761660 2879009 1003178 1875831 600166 209125 391041 195328 68061 127267 365816 127467 238349 840705 292940 547765 Other Expenses 3695734 1287763 2407971 208476299 170582881 13203798 24689620 201480293 182412222 159539224 154818658 36973251 52798836 683265 659691 88105142 22959111 68771460 65146031 1150159154 1137542184 978894852 1031649223 2596501499 2625026845 25724617 37197886 2989612 52983 402615050 401799676 431329279 439050545 X 51362148 54613900 841109365 839191451 1272700707 1292170949 2165172220 2185976300 2596501499 2625026845 X 86118144 -65783887 469823 X 0 1 X 1 0 X 103770772 123927952 128889858 151457232 134762439 642808253 103770772 123927952 128889858 151457232 134762439 642808253 16906298 625901955 14771479 16868398 15543579 15823500 14090479 77097435 6033947 3573688 4239217 5028159 7824850 26699861 746605549 114865147 0.83830 0.78180 X Schedule A, Part II, Line 10; 2010 Misc Income $6,033,947 2011 Misc Income $3,573,688 2012 Misc Income $4,239,217 2013 Misc Income $5,028,159 2014 Misc Income $7,824,850 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.00 1 1 0 1 0 10.00 0 1 1823484366 86270343 33040312 -80605615 1862189406 1582805651 95292491 233535693 -88149469 1823484366 1417184598 92831098 142945921 -70155966 1582805651 1440185795 79964190 -29939636 -73025751 1417184598 1196764277 78230329 231623300 -66432111 1440185795 0.01600 0.64700 0.33700 0 0 18106392 16619759 34726151 47646176 18956882 28689294 2598065 1729978 868087 3134750 2272251 862499 65146031 Institutional Funds, Cash and Equiv & Commercial Paper 22828341 F Private Equity 1008820882 F 1031649223 Accumulated Trust Liability 35383804 Collateral Under Securities Lending Agreement 95015803 Due to Indiana University 232307803 Assets Held for University Affiliates 39092266 401799676 X 213410159 -65783887 2771486 -63012401 276422560 18171883 18171883 294594443 192606081 2771486 2771486 189834595 18641704 18641704 208476299 Part II, Line 9: IUF reports its conservation easement on the income statement consistent with treatment for ordinary revenues and expenses on the financial statements. The building with the historical easement is being reported on the balance sheet at cost and is being depreciated over the life of the building. Part V, Line 4: The intended uses of the organization's endowment funds are to support Indiana University as it carries out its missions of teaching, research and public service. Part X, Line 2: Accounting Standards Codification (ASC) 740-10, Accounting for Uncertainty in Income Taxes, prescribes a comprehensive model for how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Foundation believes it is no longer subject to income tax examinations for years prior to 2012. As of June 30, 2015, the Foundation has no uncertain tax positions. Part XI, Line 2d - Other Adjustments: Rental Expense 2,363,644. Fundraising Event Expenses 407,842. Part XI, Line 4b - Other Adjustments: Management Fees 19,529,187. Income/Loss from K-1's -1,357,304. Part XII, Line 2d - Other Adjustments: Rental Expense 2,363,644. Fundraising Event Expenses 407,842. Part XII, Line 4b - Other Adjustments: Management Fees 19,529,187. Change in Value of Split Interest Agreement -887,481. Rounding -2. 1 Central America and the Caribbean Investment 336677735 Europe (Including Iceland & Greenland) Investment 20708054 East Asia and the Pacific 0 0 Fundraising 34858 South Asia 0 0 Fundraising 4988 North America Investment 1827513 Russia and Neighboring States 0 0 Grantmaking 726450 Europe (Including Iceland & Greenland) 0 0 Fundraising 7223 South Asia 0 0 Alumni & Donor Relations 12374 East Asia and the Pacific 0 0 Alumni Relations 22959 East Asia and the Pacific 0 0 University Partnership/Alumni Relations 33418 South Asia 0 0 University Partnership/Alumni Relations 10101 Europe (Including Iceland & Greenland) 0 0 University Partnership/Alumni Relations 19030 Middle East and North Africa 0 0 University Partnership/Alumni Relations 9332 0 0 0 0 0 0 359999195 94840 360094035 Russia and Neighboring States Operating Expenses 726450 Bank Draft 1 0 1 0 1 1 1 0 Part I, Line 2: The grant and assistance payments are verified with internal documents to ensure donor intent and criteria have been met before the payments are made. Schedule F, Part I, Line 3: The foreign activities that the Indiana University Foundation has been able to reasonably identify for either direct or indirect (thru reimbursement) support have been listed in Schedule F. The Indiana University Foundation exists to support the activities of Indiana University. There are activities supported by Indiana University, both domestic and foreign, that are reimbursed from IUF accounts. The Indiana University Foundation does not have a reasonable means to determine precisely if expenses reimbursed to Indiana University are foreign or domestic in nature. Appropriate due diligence has been taken to identify those which may be reportable. Little 500 Races 532346 17596 514750 0 28212 136579 224175 Fall Cycling 8480 8480 2035 5990 1 6301 6301 2112 3090 4973 547127 17596 529531 30324 141704 235138 407166 122365 1 Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 28701839 University Support Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 44913918 Student Scholarship and Financial Aid Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 31707631 Faculty Support & Research Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 44901008 Endowment and Capital Additions 1 0 Scholarships, general 28 102848 Part I, Line 2: The grant and assistance payments are verified with internal documents to ensure donor intent and criteria have been met before the payments are made. X X X 1 1 X X X 0 1 0 1 0 0 0 0 0 Daniel C Smith President & CEO 369962 0 0 0 54005 0 33150 0 25062 0 482179 0 0 0 Philippa Guthrie VP, General Counsel & Corp Sec. 185118 0 0 0 13438 0 23063 0 29543 0 251162 0 0 0 Gary Stratten VP & CIO 231905 0 163286 0 18914 0 33150 0 40056 0 487311 0 0 0 Jeffrey D Stumpf Exec. VP for Finance & Oper 229282 0 0 0 15556 0 29750 0 32167 0 306755 0 0 0 Richard Dupree Exec. VP for Development 290080 0 0 0 17208 0 33150 0 38598 0 379036 0 0 0 Mary Bonk VP, Advancement Technology 196921 0 0 0 2440 0 24234 0 28266 0 251861 0 0 0 Sheila Decker Associate VP, Admin 156154 0 0 0 8897 0 19436 0 34957 0 219444 0 0 0 John Keith Associate VP, Indiv Giving 163041 0 0 0 1629 0 19083 0 10200 0 193953 0 0 0 Jeff Lindauer VP, Advancement Services 197500 0 0 0 2316 0 24252 0 10748 0 234816 0 0 0 Laurie Burns McRobbie Associate to the President 154140 0 0 0 4690 0 32271 0 10054 0 201155 0 0 0 D Abe Weldy Director, Alternative Inv. 146636 0 87083 0 1629 0 29897 0 27104 0 292349 0 0 0 James Bergstrom Director, Investments 144465 0 86291 0 1929 0 29618 0 35878 0 298181 0 0 0 Sarah Beggs Chief of Staff 158900 0 0 0 1929 0 18132 0 10150 0 189111 0 0 0 Joyce Rogers VP, Dev and External Relations DEMA 240840 0 0 0 2394 0 30612 0 30382 0 304228 0 0 0 Jeff Lambright AVP & CCO 137442 0 0 0 1629 0 15686 0 34565 0 189322 0 0 0 Eric DeHaan Associate VP for International Dev 151500 0 0 0 1629 0 16977 0 9980 0 180086 0 0 0 Catherine Melvin Controller 139290 0 0 0 1929 0 15672 0 27238 0 184129 0 0 0 Judy Tichenor-Kanelos Exec. Director, Advancement 138077 0 0 0 1629 0 15572 0 28694 0 183972 0 0 0 John Wilhite AVP, Pers Prop, RE & Ins 135105 0 0 0 1699 0 14942 0 28641 0 180387 0 0 0 Gina M Reel Associate VP, Finance 146840 0 0 0 1629 0 16651 0 28829 0 193949 0 0 0 Paula Jenkins VP for Development, Reg 193756 0 0 0 24942 0 24940 0 22294 0 265932 0 0 0 Dorothy Metaj VP for Development, IUPUI 219927 0 0 0 14780 0 28225 0 20845 0 283777 0 0 0 Part I, Line 1a First Class or charter travel: The Indiana University Foundation maintains a policy governing all business expenses including travel. Should a business need (e.g. length of flight time, security concerns, lack of commercial air options, etc.) require the use of first-class or charter travel, the IU Foundation Board of Directors has authorized the IU Foundation CEO to approve its use. Chartered travel was provided to IUF Chairman of the Board; Associate to the President of IU; two IUF Fiduciary Directors; one IUF Non-Fiduciary Directors; President and CEO, IUF; Executive VP for Development; VP for Development, Bloomington; Associate VP, Individual Giving; and Chief of Staff. These costs were not treated as taxable income because the travel was business related. In all cases, first-class and charter travel are considered in the Foundation's efforts to ensure compliance with the intermediate sanctions law. Travel for Companions: The Indiana University Foundation maintains a policy governing all business expenses which prohibits companion related expenses, except for the specifically defined role of Associate to the IU Foundation President. The duties of this position, which are outlined in a formal policy and support the organization's mission, are fulfilled by the IUF President & CEO's spouse. The Associate to the IU Foundation President incurs business related expenses on behalf of IUF, and those amounts are not treated as taxable. In all cases, travel for companions is considered in the Foundation's efforts to ensure compliance with the intermediate sanctions law. Tax indemnification and gross-up payments: Tax indemnification and gross-up payments are only paid to staff in limited circumstances, and must be approved in accordance with Indiana University Foundation policies governing these types of payments. In the case of disqualified persons, indemnification payments are considered in the Foundation's efforts to ensure compliance with the intermediate sanctions law. At least annually, the expenses incurred by all employees are reviewed to ensure appropriate taxation and reporting. Gross-up payments are established taking into account an estimated tax rate. However, employees receiving the payment are not grossed up for actual taxes incurred. The following gross-up payments were provided in 2014 in connection with the following items, and in all cases were treated as taxable income to the recipient: With the approval by the Executive Vice President for Finance and Operations: *a wireless communication allowance for cell phone and data services is made available to those staff who demonstrate a business purpose for these types of payments, such as staff who need to have access via cell and data communication and information after hours. During 2014 one-hundred-eight(108) employees received a wireless communication allowance. With the approval of the IUF Board of Directors: *allowances are made available to the IU Foundation President & CEO for long-term disability and supplemental retirement payments to provide future retirement restoration. *allowances for vehicles are made available to four Vice Presidents, two Executive Vice Presidents, one Key Employee and the President & CEO of the IU Foundation. Part I, Line 4b Eligible executives participate in various non-qualified deferred compensation plans organized under code section 457(f). The exact purpose of each plan varies, but they include: compensation limitation make-up plans, deferral of a portion of incentive bonus type plans and other attributes of a deferred compensation plan. Any amount ultimately paid under the program to the executive is reported as compensation on Form 990, Schedule J, Part II, Column B in the year paid. No payments were made to listed persons in Part VII under the various non-qualified deferred compensation plans during the year. Part I, Line 5 The Indiana University Foundation Incentive Compensation Plan is available to key personnel in the Investment Department. The primary goal of the plan is retention of key investment staff who are responsible for helping the IU Foundation to achieve top quartile investment performance relative to its peers while reducing the volatility of performance over time. This plan is based on the premise of true value of dollars added by staff over an appropriate benchmark, IUF's Target Weighted Benchmark, and over a three-year period. The calculation of amount of bonus awarded is based on a formula similar to the industry standard and provides for a cap as a percentage of salary. This plan was developed and recommended by the Investment Committee of the IUF Board of Directors and approved by the Compensation Committee. Laurie Burns McRobbie See Part V 201155 Employment 0 Molly Jorgensen See Part V 81510 Employment of family member 0 Schedule L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Interested Person: Laurie Burns McRobbie(b) Relationship Between Interested Person and the Organization: Wife of Michael McRobbie, IUF Chairman of IUF Board(c) Amount of Transaction: $201,155(d) Description of Transaction: Employment(e) Sharing of Organization's Revenues? No(a) Name of Interested Person: Molly Jorgensen(b) Relationship Between Interested Person and the Organization: Daughter of Jane M. Jorgensen, IUF Non-Fiduciary Director, and is employed as an IU Foundation staff member(c) Amount of Transaction: $81,510(d) Description of Transaction: Employment(e) Sharing of Organization's Revenues? No X 8 511800 Professional Appraisals X 34100 Professional Appraisals X 2 35200 Kelly Blue Book X 583 12093079 Listed Values X 3 445900 Professional Appraisals X Jewelry 1 81700 Professional Apprais 35 0 1 1 Part I, Column (b): The number of contributions listed in column (b) of Part I are either the number of contributions or the number of items received, depending on the nature of the contribution. Part I, Line 32b: IUF hires realtors and auctioneers to assist with selling donated items. Form 990, Part VI, Section A, line 2 John Peterson, IUF Non-Fiduciary Director, and Donald Danielson, IUF Non-Fiduciary Director, are Chairman and Vice-Chairman of City Securities Corp, respectively. Additionally, John Peterson and Donald Danielson are brothers-in-law. Gayle Cook, IUF Non-Fiduciary Director and Phyllis McCullough, IUF Honorary Director, are Co-Owner and Executive Vice Chairman, respectively, of Cook Group, Inc. Michael McRobbie, Board Chair and James T. Morris, IUF Non-Fiduciary Director are directors of OneAmerica Financial Partners, Inc. Lacy M. Johnson, IUF Non-Fiduciary Director and Harry L. Gonso, IUF Vice Chairman are partners at Ice Miller, LLP. Michael McRobbie, Board Chair and Laurie Burns McRobbie, IUF Key Employee are husband and wife. William Buckner, IUF Non-Fiduciary Director and James T. Morris, IUF Non-Fiduciary Director are Employee and Vice Chairman & Director, respectively, of Pacer Sports & Entertainment. William G. Mays, IUF Honorary Director and Rose Mays, IUF Non-Fiduciary Director are husband and wife. Additionally, William G. Mays and Rose Mays are officers of Mays Chemical Company. Form 990, Part VI, Section B, line 11 The Form 990 is completed by Indiana University Foundation staff. A management team comprised of the Executive Vice President for Finance and Operations; Vice President, General Counsel and Corporate Secretary; Vice President and Chief Investment Officer; Assistant Vice President and Chief Compliance Officer; Vice President for Advancement Services & Managing Director of Capital Campaigns; Executive Vice President for Development; Controller; Associate Vice President for Finance; and Chief of Staff review the Form 990, including all schedules line-by-line to determine accuracy and validity. The Indiana University Foundation engages an independent accounting firm to review the Form 990. The President & CEO then reviews and signs the Form 990 and the independent accounting firm signs as preparer. The Indiana University Foundation Audit Committee reviews the completed Form 990, including all schedules. Once signed, an electronic version of the Form 990 is made available to the Indiana University Foundation Board of Directors via the internet. The Form 990 is then filed electronically with the IRS. Form 990, Part VI, Section B, line 12c Each July, the Indiana University Foundation provides a copy of its Conflicts of Interest Policy to all directors and officers. Directors and officers are required to read and comply with the policy which requires, at a minimum, annually disclosing the existence or non-existence of any conflicts of interest, real or perceived, in writing to the Indiana University Foundation Board Secretary. The disclosures are reviewed by Indiana University Foundation staff including the Executive Vice President for Finance and Operations; Vice President, General Counsel and Corporate Secretary; Vice President and Chief Investment Officer; Board Secretary; Assistant Vice President and Chief Compliance Officer; Chief of Staff; and the Assistant Vice President, Personal Property, Real Estate and Insurance to determine validity and completeness based on staff knowledge of Indiana University Foundation activities and transactions. The results of this review, along with every disclosure in its entirety, are provided to the Indiana University Foundation Audit Committee Chair and Vice Chair. A report is then made by the Audit Committee Chair to the full Audit Committee. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation Executive Committee and Committee on Directors and Governance. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation Board and all relevant Board committees. In addition to the Conflicts of Interest Policy, each July the Indiana University Foundation provides a background survey and a request for information for Form 990 disclosures to all officers and directors. As with the Conflicts of Interest, disclosures related to the survey and Form 990 are reviewed by staff and provided verbatim to the Indiana University Foundation Audit Committee Chair and Vice Chair. A report is then made by the Audit Committee Chair to the full Audit Committee. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation Executive Committee and Committee on Directors and Governance. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation Board and all relevant Board committees. Form 990, Part VI, Section B, line 15 Each June, the Indiana University Foundation Compensation Committee approves the compensation arrangements for disqualified persons in accordance with IRS regulation section 53.4958-6 "Rebuttable presumption that a transaction is not an excess benefit transaction". Individuals defined as disqualified persons who receive compensation from the Indiana University Foundation include: the President & CEO; Executive Vice President for Finance and Operations; Executive Vice President for Development; Vice President and Chief Investment Officer; Vice President for Development, Regional Campuses; Vice President for Development, Bloomington; Vice President, General Counsel and Corporate Secretary; Associate Vice President for Finance; Board Secretary; Vice President for Development, Indianapolis; Associate Director, Regional Advancement; and the Indiana University Associate to the President. The compensation arrangement for each individual is approved in advance for the upcoming fiscal year period July 1 thru June 30 by the Compensation Committee which is an authorized body of the Indiana University Foundation Board of Directors. The Compensation Committee is composed entirely of independent directors who do not have a conflict of interest (within the meaning of paragraph (c)(1)(iii) of section 53.4958-6) with respect to the compensation arrangement for each disqualified person. The Compensation Committee determines if each compensation arrangement in its entirety is reasonable through the use of relevant information including, but not limited to, compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions; the availability of similar services in the geographic area of the applicable tax-exempt organization; current compensation surveys compiled by independent firms; and actual written offers from similar institutions competing for the services of the disqualified person. Upon approval of the compensation arrangement for each disqualified person, the Compensation Committee provides written documentation noting the terms of the transaction that was approved and the date it was approved; the members of the Committee who were present during review of the arrangement that was approved and those who voted on it; the comparability data obtained and relied upon by the Committee and how the data was obtained; and, if applicable, any actions taken with respect to consideration of the arrangement by anyone who is otherwise a member of the Committee but who had a conflict of interest with respect to the arrangement. The Compensation Committee's most recent review and approval of compensation arrangements for all disqualified persons was June 4, 2015. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest and financial statements are available to the public on the IU Foundation's public website; www.iufoundation.iu.edu. Form 990, Part XI, line 9: Change in Value of Split Interest Agreement -887,481. Income/Loss from K-1's 1,357,304. Schedule G, Part II: Additional Explanation for Fundraising Events IUF annually holds the Little 500 races. While these events do raise some funds, their main objective is to increase awareness of philanthropy among the student population and create relationships upon which to base future giving potential. CVI GVF Holdings 8 Ltd PO Box 309 Grand Cayman CJ KY1-1104 Investment CJ IU Foundation C 671879 8002744 0.99000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 CVI GVF Holdings 8 Ltd R 6547926 FMV