2015-02-12T11:38:23-06:00 2014-06-30 861065772 Deloitte Tax LLP 111 S Wacker Drive Chicago IL 60606 990 2013-07-01 376006007 University of Illinois Foundation UNIV 2173330810 1305 West Green Street Urbana IL 61801 Christine C Devocelle Vice President 2173330810 2015-02-11 1 Laura J Gillespie P00855604 3124861000 2015-02-10 2013 2016-03-07 17:11:31Z Thomas J Farrell 1305 West Green Street Urbana IL 61801 1061807527 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). 22 22 110 936 0 1576281 298073854 153650151 8101409 9148371 51457493 106777669 8836526 8429328 366469282 278005519 143208733 185253998 0 0 17519963 19869875 0 0 13895636 9741595 12921662 170470291 218045535 195998991 59959984 1795901653 1960546844 71892944 72486396 1724008709 1888060448 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 185253998 185253998 16452603 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. 185253998 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 X 417 0 1 110 1 1 1 1 SP IT FR SZ UK SN NL GM AS HK JA NZ DA FI SW CA 0 0 0 1 1 1 1 0 0 1 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 AK CA DC HI IL KY ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI X X Walter K Knorr 2173330810 1305 West Green Street Urbana IL 61801 Roger Plummer Chair of the Board 2.00 X 0 0 0 Jane Phillips Donaldson Immediate Past Chair of the Board 2.00 X 0 0 0 Sohaib Abbasi Director 2.00 X 0 0 0 Anthony DiTommaso Director 2.00 X 0 0 0 Alan Feldman Director 2.00 X 0 0 0 Laura Fraley Director 2.00 X 0 0 0 Juanita Francis Director 2.00 X 0 0 0 Mary Kay Haben Director 2.00 X 0 0 0 Maisie Heiken Director 2.00 X 0 0 0 Richard Hill Director 2.00 X 0 0 0 G Stephen Irwin Director 2.00 X 0 0 0 Mannie Jackson Director 2.00 X 0 0 0 Sheila Johnson Director 2.00 X 0 0 0 Gail Veasman Kellogg Director 2.00 X 0 0 0 Shahid Khan Director 2.00 X 0 0 0 Leon Loichle Director 2.00 X 0 0 0 Gregory Lykins Director 2.00 X 0 0 0 Steven Miller Director 2.00 X 0 0 0 Mark Pytosh Director 2.00 X 0 0 0 Jose Santillan Director 2.00 X 0 0 0 Kay Schwichtenberg Director 2.00 X 0 0 0 Carl Vacketta Director 2.00 X 0 0 0 Doris K Christopher Director 1.00 X 0 0 0 W Robert Felker Director 1.00 X 0 0 0 William C Merchantz Director 1.00 X 0 0 0 Michael T Tokarz Director 1.00 X 0 0 0 Walter Knorr Treasurer 2.00 X 0 0 0 Michael Bass Assistant Treasurer 2.00 X 0 0 0 Thomas R Bearrows Legal Counsel 2.00 X 0 0 0 Thomas J Farrell Vice Chairman and President 40.00 X 491109 0 45615 Mary R Millage Assistant Treasurer 40.00 X 125702 0 31365 Michelle S White Assistant Treasurer 40.00 X 113052 0 31122 Bradley K Hatfield Secretary 40.00 X 238628 0 44460 Jacqueline N Schweighart Secretary 40.00 X 102534 0 30084 Christine C Devocelle Assistant Secretary 40.00 X 131941 0 27262 Ashley M Perzyna Assistant Secretary 40.00 X 15764 0 4772 Ellen J Ellison Chief Investment Officer 40.00 X 376477 0 29260 Edward F Ewald Senior Vice President 40.00 X 269105 0 47268 Sidney S Micek Senior Advisor 40.00 X 291681 0 31275 Donald Kojich Vice President 40.00 X 154297 0 26805 William E Reynen Chief Information Officer 40.00 X 145088 0 35260 Jeff W Roley Associate Vice President 40.00 X 139285 0 33721 Steven H Bell Senior Regional Director of Development 40.00 X 135542 0 22745 William Sturtevant Former Senior Vice President 40.00 X 120000 0 0 2850205 0 441014 20 1 1 0 Transforming Solutions Inc 652 N North Court Suite 400 Palatine IL 60067 IT Consulting 634979 Grenzebach Glier & Associates Inc 401 N Michigan Ave Suite 2800 Chicago IL 60611 Analytics Services 427550 Isaacson Miller Inc 263 Summer Street Boston MA 02210 Executive Search 235118 3 153650151 7114110 153650151 University Contract & Budget 900099 8807457 8807457 Annual Funds 900099 340914 340914 9148371 20823611 20823611 1863598 738502 1125096 1125096 1125096 865317483 3700081 780632618 2430888 84684865 1269193 85954058 85954058 Athletics Receipts 900099 3590617 3590617 Sales, Auctions, Etc. 900099 1156801 1156801 Credit Card Fee Recovery 900099 332223 332223 2224591 2224591 7304232 278005519 16452603 0 107902765 185253998 185253998 2902712 2444233 458479 13070334 5524839 7545495 680013 342061 337952 2555203 1470269 1084934 661613 396964 264649 46681 46681 104566 104566 3326765 3326765 1497964 669404 828560 38658 38658 1691434 1264688 426746 1410595 1067178 343417 741759 729467 12292 1081302 142744 938558 1356805 388055 968750 45125 44963 162 503880 503880 17584 17584 Printing 773512 286098 487414 Memberships & Dues 176211 51243 124968 Subscriptions and Refer 108821 35561 73260 218045535 185253998 18895901 13895636 7072033 2085142 231000000 186000000 6011941 11091437 125631 0 58791 75106 665603 619538 84366246 6722492 72487736 77643754 810703788 960985664 602335157 643118453 65440973 78927750 1795901653 1960546844 13966122 12791139 3378065 2057000 54548757 57638257 71892944 72486396 X 4576489 18745928 830557483 955271685 888874737 914042835 1724008709 1888060448 1795901653 1960546844 X 59959984 109258367 -5166612 X 0 1 X 1 0 X 140972225 157420544 176776360 298073854 153650151 926893134 140972225 157420544 176776360 298073854 153650151 926893134 53306926 873586208 17571428 18606997 19303251 26336370 22687209 104505255 15565417 15762309 15726716 15452429 16452603 78959474 1110357863 0.78680 0.81570 X Schedule A, Part II, Line 10, Explanation of Other Income: Athletics receipts auctions sales etc Contract payments from UI Annual funds reimbursement RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 3014667 0 0 0 3014667 0 1 0 1423882139 45980475 149877818 1213516 18420054 1600106862 1199126507 136572040 107067241 1021223 17862426 1423882139 1204085197 33541569 -19196497 1402445 17901317 1199126507 995491517 65856846 161124074 1366288 17020952 1204085197 908879208 38339225 67938418 2605884 17059450 995491517 0.19000 0.79000 0.02000 1 0 63863346 63863346 6143000 1607091 289276 7460815 6916817 4912925 2003892 5835992 1520291 4315701 77643754 98882504 F International government bonds 115755 F Hedged/alternative investments 488581613 F Real estate trusts & partnerships 34129507 F Other investments 21409074 F 643118453 Annuities Payable 52074163 Remainder Interest Due to Others 5564094 57638257 X 385545385 109258367 1608264 110866631 274678754 3326765 3326765 278005519 221493646 1608264 5166612 6774876 214718770 3326765 3326765 218045535 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, 2014, there were no uncertain tax benefits identified and recorded as a liability. Part XII, Line 2d - Other Adjustments: Actuarial adjustment East Asia and the Pacific 0 0 Investments 17724685 Central America and the Caribbean 0 0 Investments 5370425 Europe (Including Iceland & Greenland) 0 0 Investments 42291843 Middle East and North Africa 0 0 Investments 197079 North America 0 0 Investments 1850854 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Fundraising 36909 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Fundraising 7304 Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt, 0 0 Fundraising 5311 0 0 0 0 0 0 67484410 0 67484410 1 0 0 1 1 0 Part I, line 3: The expenditures were accounted for under fundraising expenses on the financial statements. 0 University of Illinois 506 S Wright St 108 Henry Adminstra ion Bldg Urbana IL 61801 376000511 501(c)3 172231246 13022752 FMV/Appraisal In-Kind gifts Support for the University of Illinois 1 Form 990 Schedule I Part II 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 Thomas J Farrell Vice Chairman and President 415565 0 25000 0 50544 0 0 0 45615 0 536724 0 0 0 Mary R Millage Assistant Treasurer 125702 0 0 0 0 0 0 0 31365 0 157067 0 0 0 Bradley K Hatfield Secretary 231997 0 0 0 6631 0 0 0 44460 0 283088 0 0 0 Christine C Devocelle Assistant Secretary 129441 0 2500 0 0 0 0 0 27262 0 159203 0 0 0 Ellen J Ellison Chief Investment Officer 376477 0 0 0 0 0 0 0 29260 0 405737 0 0 0 Edward F Ewald Senior Vice President 265365 0 0 0 3740 0 0 0 47268 0 316373 0 0 0 Sidney S Micek Senior Advisor 235050 0 50000 0 6631 0 0 0 31275 0 322956 0 0 0 Donald Kojich Vice President 154297 0 0 0 0 0 0 0 26805 0 181102 0 0 0 William E Reynen Chief Information Officer 145088 0 0 0 0 0 0 0 35260 0 180348 0 0 0 Jeff W Roley Associate Vice President 134776 0 0 0 4509 0 0 0 33721 0 173006 0 0 0 Steven H Bell Senior Regional Director of Developm 135542 0 0 0 0 0 0 0 22745 0 158287 0 0 0 William Sturtevant Former Senior Vice President 120000 0 0 0 0 0 0 0 0 0 120000 0 0 0 Part I, Line 1a Travel for companions: Sidney S. Micek - to assist with business purpose of trip - not treated as taxable income Thomas J. Farrell - to assist with business purpose of trip - not treated as taxable income Payments for business use of personal residence: Sidney S. Micek - when staying overnight for business in Chicago is reimbursed at 75% of the per diem rate for Cook County Social club dues: Thomas J. Farrell - % of personal use treated as taxable compensation Sidney S. Micek - % of personal use treated as taxable compensation Bradley K. Hatfield - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Jeff W. Roley - % of personal use treated as taxable compenstation 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/Senior Vice President, the employed Assistant Treasurers, and all Senior Vice Presidents. This process in undertaken for each position on an annual basis. X 171 669668 FMV methods vary by gift X 348864 FMV methods vary by gift X 1 50000 FMV X 607 33425402 FMV methods vary by gift X 4 109899 FMV methods vary by gift X 1 120000 FMV methods vary by gift X Equipment 132 7005509 FMV methods vary by X Other/Miscell 1097 5386686 FMV methods vary by X Farmland 4 2578750 FMV methods vary by X Software 2 2088849 FMV methods vary by 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. 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 Chairman 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 takes responsibility for recruiting, nominating and electing Members. University of Illinois Foundation members may be either honorary, regular members, or life members. Honorary members become members ex-officio for as long as they hold any of the following positions: President of the University of Illinois Members of the Board of Trustees of the University The Governor of the state of Illinois The Chairman of the University of Illinois Alumni Association The Chancellor(s) of each of the three campuses 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 members consists of persons acting from time to time as President of the University of Illinois, members of the Board of Trustees of the University of Illinois, Governor of the State of Illinois, Chariman of the University of Illinois Alumni Association, and Chancellors of the campuses. Honorary members are ex officio when and so long as they are incumbents of the above mentioned. 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 Committe 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 refelcts 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 Committe 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, confilict 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 -5,166,612. ECRU Corporation 1305 West Green Street Urbana IL 61801 621019111 Investment & Leasing IL C 2085 653123 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0