2015-05-15T13:13:17-05:00 2014-06-30 420714325 MCGLADREY LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2013-07-01 596152180 THE FLORIDA STATE UNIVERSITY FOUNDATION INC FLOR 8506446000 2010 LEVY AVENUE BUILDING B NO 300 TALLAHASSEE FL 32310 THOMAS W JENNINGS PRESIDENT 8506440749 2015-05-08 1 THERESA A BURDINE CPA P00362629 3217516200 2013 2016-03-07 17:11:31Z THOMAS W JENNINGS 2010 LEVY AVENUE BUILDING B NO 300 TALLAHASSEE FL 32310 311254578 0 X WWW.FOUNDATION.FSU.EDU X 1960 FL THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF THE FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU; SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT; INVESTING AND DISBURSING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU; AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. 49 48 141 749 11280 -319962 58060799 43621682 653837 741255 11413197 18074026 2288445 1711621 72416278 64148584 20692869 18236522 0 0 18657641 22642908 593600 550836 9777152 21108974 20096386 61053084 61526652 11363194 2621932 550932086 615569510 11410712 14357315 539521374 601212195 THE MISSION OF THE FLORIDA STATE UNIVERSITY FOUNDATION IS TO ENHANCE THE ACADEMIC VISION AND PRIORITIES OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. 0 0 45382462 18236522 2728317 THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF THE FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL AND OTHER RELATED EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 45382462 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 X 299 0 1 141 1 0 1 BD CJ VI 0 0 0 1 1 0 0 0 0 X 49 48 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 FL AK CA CO KY LA ME MD MA MI MN NH NJ NY ND OH OK OR SC UT WA WV WI X X LAURA POWELL 8506440749 INNOVATION PARK 2010 LEVY AVE BLDG TALLAHASSEE FL 32310 MS BETH A AZOR TRUSTEE 1.00 X 0 0 0 DR ERIC J BARRON TRUSTEE 1.00 X 0 0 0 MR THOMAS BARTELMO TRUSTEE 1.00 X 0 0 0 MR GREGORY M BENNETT TRUSTEE 1.00 X 0 0 0 THE HONORABLE ALLAN G BENSE TRUSTEE 1.00 X 0 0 0 MR BRETT BRACKIAK TRUSTEE 1.00 X 0 0 0 MRS YVONNE T BROWN TRUSTEE 1.00 X 0 0 0 MR KEITH D CARR TRUSTEE 1.00 X 0 0 0 MRS BARBARA S COEN TRUSTEE 1.00 X 0 0 0 MR PETER H COLLINS TRUSTEE 1.00 X 0 0 0 MR JOHN W CULVER TRUSTEE 1.00 X 0 0 0 MRS JULIE DUNN EICHENBURG TRUSTEE/SECRETARY 1.00 X X 0 0 0 MR ANDREW F FEINBERG TRUSTEE 1.00 X 0 0 0 RALPH R GONZALEZ JD TRUSTEE/TREASURER 1.00 X X 0 0 0 DANIEL J GRANT TRUSTEE 1.00 X 0 0 0 ANNE HAMILTON TRUSTEE 1.00 X 0 0 0 MRS MART P HILL TRUSTEE 1.00 X 0 0 0 MRS NAN C HILLIS TRUSTEE 1.00 X 0 0 0 WILLIAM T HOLD TRUSTEE 1.00 X 0 0 0 VADM R GORDON S HOLDER TRUSTEE/CHAIR 1.00 X X 0 0 0 MR PAUL G HUDSON TRUSTEE 1.00 X 0 0 0 MARVALENE HUGHES PHD TRUSTEE 1.00 X 0 0 0 SENATOR ROBERT M JOHNSON TRUSTEE 1.00 X 0 0 0 MR BOBBY JONES JR TRUSTEE 1.00 X 0 0 0 MR PETER D JONES TRUSTEE 1.00 X 0 0 0 FRED E KARLINSKY ESQ TRUSTEE 1.00 X 0 0 0 MR DAVID B LANE TRUSTEE 1.00 X 0 0 0 MS SHARON A LICAMARA TRUSTEE 1.00 X 0 0 0 STEPHANIE S LYNCH TRUSTEE 1.00 X 0 0 0 CHARLOTTE E MAGUIRE MD TRUSTEE 1.00 X 0 0 0 MR ROBERT B MANG TRUSTEE 1.00 X 0 0 0 HON WAYNE M MESSAM TRUSTEE 1.00 X 0 0 0 MRS JOYCE BEERY MILES TRUSTEE 1.00 X 0 0 0 DR JACQUELINE D MONTGOMERY TRUSTEE 1.00 X 0 0 0 MRS JANE E MORGAN TRUSTEE 1.00 X 0 0 0 MR FRANCIS J NARDOZZA TRUSTEE 1.00 X 0 0 0 MR CRAIG A REUTLINGER TRUSTEE 1.00 X 0 0 0 MR JEFFREY P ROHR TRUSTEE 1.00 X 0 0 0 MR KIRK T ROSTRON TRUSTEE 1.00 X 0 0 0 MR BOB SASSER TRUSTEE 1.00 X 0 0 0 MR ROBERT L STAHL TRUSTEE 1.00 X 0 0 0 DR GARNETT STOKES TRUSTEE 1.00 X 0 0 0 MS JANET L STONER TRUSTEE 1.00 X 0 0 0 MR LOUIS C TAORMINA TRUSTEE 1.00 X 0 0 0 MR JOHN W THEIL TRUSTEE 1.00 X 0 0 0 DR GARY S TYSON TRUSTEE 1.00 X 0 0 0 EDWIN W WALBORSKY ESQ TRUSTEE 1.00 X 0 0 0 ELIZABETH J WALTERS JD TRUSTEE 1.00 X 0 0 0 MR ASHBEL C WILLIAMS JR TRUSTEE 1.00 X 0 0 0 THOMAS W JENNINGS JR PHD TRUSTEE/PRESIDENT 40.00 X X 312355 0 31951 ANDY A JHANJI EX. VP FOUNDATION 40.00 X 208090 0 45444 MR JERRY GANZ JR CFO/ASST. TREASURER 40.00 X 144845 0 22728 MR PATRICK J CROWLEY VP ADV. RELATIONS/ASST. SE 40.00 X 129844 0 19392 PERRY FULKERSON VP, CENTRAL DEVELOPMENT 40.00 X 184917 0 39205 GLENN JACK VP, CONSTITUENT PROGRAMS 40.00 X 179258 0 31671 JEANNE PECHA VP, ADVANCEMENT SERVICES 40.00 X 143928 0 26768 MARK PANKEY ASSOC. DEAN, DEVELOPMENT 40.00 X 142164 0 31983 NANCY SMILOWITZ ASST. DEAN, DEVELOPMENT 40.00 X 123536 0 30976 1568937 0 280118 10 0 1 0 RUFFALOCODY LLC PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING SERVICES 550836 EVERGREEN SOLUTIONS LLC 2878 REMINGTON GREEN CIRCLE TALLAHASSEE FL 32308 CONSULTING 195720 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE SOLUTIONS 178655 ERNST & YOUNG 401 EAST JACKSON ST TAMPA FL 33602 AUDIT & TAX SERVICES 132850 4 716388 1733207 41172087 1462382 43621682 REGISTRATION/ ADMINIST 561000 741255 741255 741255 5239392 5239392 83475 83475 259277279 246442645 12834634 12834634 12834634 293153 716388 663349 -370196 -370196 OTHER 900099 1987062 1987062 ADVERTISING 900099 11280 11280 1998342 64148584 2728317 11280 17787305 18193572 18193572 37950 37950 5000 5000 936937 426558 510379 18908516 10935676 2579048 5393792 1028250 960 281491 745799 826185 2700 347196 476289 943020 321462 207174 414384 63649 6786 53192 3671 178450 20600 157850 550836 550836 2276011 1919555 251852 104604 1028742 1001008 14282 13452 3203022 2478688 323551 400783 396735 134929 261407 399 842587 244012 595892 2683 3677910 2994527 48305 635078 1103766 1044808 17385 41573 508 266 164 78 53807 53807 123183 65768 57415 ENTERTAINMENT 3427034 3003306 5321 418407 PROVISION FOR UNCOLLECT 1148593 1148593 BOOKS JOURNALS SUBSCRIP 862885 790418 20618 51849 MEMBERSHIP DUES & FEES 346030 328636 10062 7332 1363474 703242 654468 5764 61526652 45382462 6367038 9777152 28399721 16249653 41441320 26052014 15706397 16066613 3292410 4453258 44218 41396 3540570 2956935 572150 583635 439589028 529215940 21886842 22907001 550932086 615569510 2158827 2516135 2455543 4000000 6796342 7841180 11410712 14357315 X -6157746 7992824 140516311 184576879 405162809 408642492 539521374 601212195 550932086 615569510 2621932 59068889 0 X X 0 1 X 1 0 X 37479539 39738220 51095024 58060799 43621682 229995264 37479539 39738220 51095024 58060799 43621682 229995264 5566683 224428581 3761811 1757915 4444838 2874434 5322867 18161865 14842 43332 41096 11280 110550 9326 1305766 1987062 3302154 251569833 3003314 0.89210 0.89010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 415308139 9085740 69897942 4408024 10166034 8397202 471320561 370494800 19105053 48466127 4172626 9982090 8603125 415308139 386797725 14702652 -9480451 4163600 8886004 8475522 370494800 328243562 9807870 70561374 3488351 10008036 8318694 386797725 306089601 4933109 37851704 3838114 8428969 8366769 328240562 0.04190 0.81470 0.14340 1 0 423559 423559 516050 516050 0 2599837 2440660 159177 1124 225 899 583635 AGENCY LIABILITIES 417132 ANNUITY OBLIGATIONS 7424048 7841180 X 123880822 59068889 663349 59732238 64148584 0 64148584 62190001 663349 663349 61526652 0 61526652 PART V, LINE 4: SPENDING FROM THE FOUNDATION'S ENDOWMENTS SUPPORTS THE ACADEMIC ACTIVITIES OF THE UNIVERSITY INCLUDING SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) WITH THE EXCEPTION OF ANY UNRELATED BUSINESS INCOME. THE FOUNDATION IS CLASSIFIED AS AN ORGANIZATION OPERATED FRO THE BENEFIT OF A COLLEGE OR UNIVERSITY OWNED OR OPERATED BY A GOVERNMENTAL UNIT DESCRIBED IN SECTION 170(B)(1)(A)(IV). THE FOUNDATION HAS REVIEWED ITS TAX STATUS AND RELATED FILINGS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS FOR WHICH AN OBLIGATION NEEDS TO BE RECORDED PURSUANT TO THE INCOME TAX TOPIC (ASC 740). PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST REVENUE 663,349. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST REVENUE 663,349. 1 CENTRAL AMERICA/ CARIBBEAN INVESTMENTS N/A 105233250 0 0 0 0 0 0 105233250 0 105233250 1 0 1 1 0 0 PART I, LINE 2: THE ORGANIZATION DOES NOT HAVE FORMAL MONITORING PROCEDURES AFTER GRANT IS MADE. HOWEVER, AT THE TIME OF THE GRANT, THE ORGANIZATION AUDITS THE DISBURSEMENT TO ENSURE THAT IT MEETS THE DONOR'S INTENT. X 1 RUFFALOCODY LLC PO BOX 3018 CEDAR RAPIDS IA 52406 PHONE SOLICITATION 0 777940 550836 227104 777940 550836 227104 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI NJ NH MO MS MN NM NY NC ND OH OK OR PA RI SC TN UT WA WV WI 7 DAYS FESTIVAL 512930 389570 123360 14622 1834 309634 RINGLING INTL. 266402 215347 51055 39276 18230 167951 11 230209 111471 118738 36060 29958 45784 1009541 716388 293153 89958 50022 523369 663349 -370196 SCHEDULE G, PART II AS REPORTED ON SCHEDULE G, NET INCOME FOR FUNDRAISING EVENTS DOES NOT INCLUDE ANY CHARITABLE CONTRIBUTIONS FROM FUNDRAISING EVENTS. EXCLUDING CHARITABLE CONTRIBUTIONS, AS PER SCHEDULE G INSTRUCTIONS, CAN RESULT IN NEGATIVE INCOME FOR PURPOSES OF SCHEDULE G, PART II, LINE 11. FUNDRAISING EVENTS NOT ONLY SERVE TO RAISE MONEY BUT ALSO INCREASE DONOR AWARENESS WITH HOPE OF FUTURE CONTRIBUTIONS IN SUPPORT OF OUR MISSION. 1 BIG BEND HOSPICE 1723 MAHAN CENTER BLVD TALLAHASSEE FL 32308 592328806 501(C)3 25000 DONATION FAMU FINANCIAL AID 1700 LEE HALL DRIVE TALLAHASSEE FL 32307 590977035 501(C)3 4339 SCHOLARSHIP SUPPORT THE FLORIDA STATE UNIVERSITY 600 WEST COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 501(C)3 16820438 490259 FMV COMPUTERS, EQUIPMENT AND FURNITURE SUPPORT SCHOLARSHIP AND UNIVERSITY PROGRAMS THE FLORIDA STATE UNIVERSITY ALUMNI ASSOC 1030 W TENNESSEE ATREET TALLAHASSEE FL 32304 590705420 501(C)3 150250 PROGRAM SUPPORT THE FLORIDA STATE RESEARCH FOUNDATION 874 TRADITIONS WAY SUITE 300 TALLAHASSEE FL 32306 593211153 501(C)3 389106 FMV REAL ESTATE RESEARCH SUPPORT SEMINOLE BOOSTERS PO BOX 1353 TALLAHASSEE FL 32302 591561180 501(C)3 20000 PROGRAM SUPPORT JUNIOR ACHIEVEMENT OF NORTH FLORIDA 4049 WOODCOCK DRIVE SUITE 200 JACKSONVILLE FL 32207 591021800 501(C)3 12000 DONATION HFE SHARE IT FORWARD INC 2800 W 76 COUNTRY BLVD BRANSON MO 65616 201582086 501(C)3 10000 INDUSTRY AWARD HILLEL AT FLORIDA STATE PO BOX 1715 TALLAHASSEE FL 32302 596194457 501(C)3 25000 PROGRAM SUPPORT REPORTERS INSTRUCTED IN SAVING COLLEAGUES INC C/O THE HALF KING 505-507 WEST 23RD STREET NEW YORK NY 10011 454535775 501(C)3 25000 INDUSTRY AWARD SOUTHERN SCHOLARSHIP HOUSE 322 STADIUM DRIVE TALLAHASSEE FL 32304 590939481 501(C)3 19514 SCHOLARSHIP SUPPORT TALLAHASSEE MEMORIAL HEALTHCARE FOUNDATION 1331 EAST SIXTH AVENUE TALLAHASSEE FL 32304 591727645 501(C)3 130318 MEDICAL RESEARCH SUPPORT UNIVERSITY OF FLORIDA FINANCIAL AID S-107 CRISER HALL PO BOX 114025 GAINESVILLE FL 32611 596002052 501(C)3 11847 SCHOLARSHIP SUPPORT YOUNG ENTREPRENEURSHIP SOCIETY PO BOX 3061110 TALLAHASSEE FL 32306 591961248 501(C)3 10000 PROGRAM SUPPORT 14 0 INDUSTRY AWARD 24 13100 RESEARCH STIPEND- ACADEMIC SUPPORT 21 24000 SCHOLARSHIP - ACADEMIC SUPPORT 2 850 PART I, LINE 2: THE UNIVERSITY OVERSEES THE GRANT PROCESS. UNIVERSITY PERSONNEL DETERMINE WHO WILL RECEIVE AWARDS AND HOW THEY ARE AWARDED. INTERNAL AUDITS ARE PERFOMED ANNUALLY TO VERIFY THAT DONOR RESTRICTIONS ARE BEING COMPLIED WITH BY THE UNIVERSITY DURING THE GRANT PROCESS. AFTER MAKING GRANT SELECTIONS, THE UNIVERSITY GIVES THE FOUNDATION AN APPROVED DISBURSEMENT REQUEST TO TRANSFER THE FUNDS. THE FOUNDATION KEEPS RECORDS OF THE DISBURSEMENTS AS PART OF ITS ACCOUNTS PAYABLE DOCUMENTATION. THE ORGANIZATION DOES NOT HAVE FORMAL MONITORING PROCEDURES AFTER THE GRANT IS MADE. HOWEVER, AT THE TIME OF THE GRANT, THE ORGANIZATION AUDITS THE DISBURSEMENT TO ENSURE THAT IT MEETS THE DONOR'S INTENT. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS W JENNINGS JR PHD TRUSTEE/PRESIDENT 312355 0 0 0 0 0 16539 0 15412 0 344306 0 0 0 ANDY A JHANJI EX. VP FOUNDATION 208090 0 0 0 0 0 30348 0 15096 0 253534 0 0 0 MR JERRY GANZ JR CFO/ASST. TREASURER 144845 0 0 0 0 0 9228 0 13500 0 167573 0 0 0 PERRY FULKERSON VP, CENTRAL DEVELOPMENT 184917 0 0 0 0 0 27859 0 11346 0 224122 0 0 0 GLENN JACK VP, CONSTITUENT PROGRAMS 179258 0 0 0 0 0 21628 0 10043 0 210929 0 0 0 JEANNE PECHA VP, ADVANCEMENT SERVICES 143928 0 0 0 0 0 21562 0 5206 0 170696 0 0 0 MARK PANKEY ASSOC. DEAN, DEVELOPMENT 142164 0 0 0 0 0 19019 0 12964 0 174147 0 0 0 NANCY SMILOWITZ ASST. DEAN, DEVELOPMENT 123536 0 0 0 0 0 18786 0 12190 0 154512 0 0 0 PART I, LINE 1A CHARTER FLIGHTS ARE PROVIDED FOR THE UNIVERSITY PRESIDENT TO ATTEND SCHEDULED MEETINGS WHEN COMMERCIAL TRAVEL ALTERNATIVES ARE NOT AVAILABLE. WHEN CHARTER FLIGHTS ARE USED, OTHER FOUNDATION AND UNIVERSITY EXECUTIVES TRAVEL WITH THE PRESIDENT TO PREPARE EN ROUTE FOR THE MEETINGS. THE FOUNDATION PAID SOCIAL CLUB DUES, SPECIFICALLY FOR FUNDRAISING PURPOSES, FOR THE UNIVERSITY PRESIDENT. SCHEDULE J, PART II DURING THE FISCAL YEAR ENDED JUNE 30, 2014, THE FOLLOWING WERE EMPLOYEES OF FLORIDA STATE UNIVERSITY: EMPLOYEE TITLE CALENDAR YR 2013 GERALD J. GANZ, JR. FOUNDATION CFO $147,903 THOMAS W. JENNINGS FOUNDATION PRESIDENT $283,326 MR. JENNINGS ALSO HOLDS THE TITLE OF VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT AT FLORIDA STATE UNIVERSITY, AND, IN THIS ROLE, HE OVERSEES THE ACTIVITIES OF FOUR DIRECT SUPPORT ORGANIZATIONS OF THE UNIVERSITY, INCLUDING THE ACTIVITIES OF THE FSU FOUNDATION. FLORIDA STATE UNIVERSITY HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF FORM 990 REPORTING. X 14 APPRAISAL X 7572 SALE OF COMPARABLES X 1 3995 EXPERT'S OPINION X 63 1021159 SALE OF COMPARABLES X EQUIPMENT & S 17 413392 SALE OF COMPARABLES X MEDIA 2 13978 SALE OF COMPARABLES X CATERED FOOD 1 2286 FMV 0 1 0 PART I, COLUMN (B): ART - WORKS OF ART: THE FOUNDATION DOES NOT REPORT CONTRIBUTIONS OF ART AS REVENUE, AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AS CODIFIED IN THE NOT-FOR-PROFIT ENTITIES TOPIC OF THE ASC (ASC 958). FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO THE BYLAWS - CHANGES TO THE FOUNDATION BYLAWS INCLUDED THE ADDITION OF A BOARD OFFICER (FOUNDATION EXECUTIVE VICE PRESIDENT); CLARIFICATION OF THE DELEGATION OF SIGNATURE AUTHORITIES FROM BOARD OFFICERS TO STAFF; AND THE ADDITION OF LANGUAGE THAT ELIMINATES THE NEED TO PASS CORPORATE RESOLUTIONS TO AUTHORIZE FISCAL AND FINANCIAL ACTIONS. FORM 990, PART VI, SECTION B, LINE 11 THE FOLLOWING IS THE REVIEW AND DISTRIBUTION PROCESS FOR THE FOUNDATION'S FORM 990 AND 990T. THIS PROCESS TAKES PLACE EACH YEAR PRIOR TO FILING THE FORMS WITH THE IRS: 1) THE CFO REVIEWS FORM 990 AND FORM 990T WITH THE CEO AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. IT IS THE CFO AND CEO'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS REPRESENT THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED AND DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS; 2) THE FOUNDATION'S BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE DRAFT FORMS 990 AND 990T AND NO FURTHER REVIEW BY THE BOARD IS REQUIRED BEFORE THE FORMS ARE FILED WITH THE IRS. THE COMMITTEES'S REVIEW IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES; 3) DRAFT FORMS 990 AND 990T ARE PROVIDED TO EACH VOTING MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE FORMS WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION OF A LINK TO A WEBSITE OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THE BOARD STAFF LIASON MONITORS THE PROCESS TO ENSURE THAT COMPLETED FORMS ARE RETURNED BY ALL MEMBERS WITH INDIVIDUAL FOLLOW UP WHEN NECESSARY. HARD COPIES OF ALL FORMS ARE RETAINED. IT IS THE RESPONSIBILITY OF THE ASSISTANT SECRETARY OF THE BOARD TO INFORM THE BOARD CHAIR AND COMMITTEE CHAIRPERSONS OF ANY EXISTING CONFLICTS SO THAT THEY CAN BE SURE THAT BOARD MEMBERS RECUSE THEMSELVES FROM ANY DISCUSSIONS AND/OR ACTIONS INCLUDING VOTES ON ISSUES WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BEGINNING IN 1997, THE FOUNDATION HAS CONDUCTED AN ANNUAL SURVEY OF SALARIES AT COMPARABLE UNIVERSITY RELATED ADVANCEMENT ORGANIZATIONS. THE SURVEY IS CONDUCTED BY AN INDEPENDENT SALARY CONSULTANT WHO PROVIDES STATISTICAL ANALYSIS OF THE RESULTS. COMPARISON FOR KEY POSITIONS, WHICH INCLUDES THE PRESIDENT AND OFFICERS, ARE INCLUDED EVERY YEAR WITH OTHER POSITIONS INCLUDED ON AN AS NEEDED BASIS. THE SURVEY RESULTS ARE PART OF THE BUDGET PROCESS TO DETERMINE SALARIES FOR THE COMING YEAR. SALARY COSTS, INCLUDING BENEFITS, ARE DETAILED BY POSITION IN THE BUDGET. COMPENSATION FOR THE FOUNDATION'S PRESIDENT, OFFICERS AND ALL EMPLOYEES IS APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET PROCESS. THIS APPROVAL IS DOCUMENTS INT HE BOARD MEETING MINUETS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS, FORM 990 AND 990-T ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR.