2015-05-15T15:53:56-07:00 2014-06-30 990 2013-07-01 990085260 UNIVERSITY OF HAWAII FOUNDATION UNIV 8089567447 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 Tracy Ide Controller/Asst Treasurer 8089567447 2015-05-15 2013 2016-02-25 16:41:14Z Tracy Ide 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 256427165 0 X www.uhfoundation.org X 1955 HI The Corporation is organized exclusively for the following purpose: (1) To raise and manage private support for the benefit of the University of Hawaii and all campuses and units that comprise the University of Hawaii System and to otherwise support the University of Hawaii System, and (2) To operate exclusively for educational, charitable, scientific, or literary purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or the corresponding provision of any future United States internal revenue law). Our mission is to unite our donors' passions with the University of Hawaii's aspirations to benefit the people of Hawaii and beyond. We do this by raising private philanthropic support, managing private investments, and nurturing donor and alumni relationships. 27 27 304 27 9539 0 49403862 76932347 0 0 8419027 13910043 6152291 6438509 63975180 97280899 10720622 10696580 0 0 9292013 9813250 0 0 7837182 25698408 27724106 45711043 48233936 18264137 49046963 374585638 451748788 15417658 15633663 359167980 436115125 X The Corporation is organized exclusively for the following purpose: (1) To raise and manage private support for the benefit of the University of Hawaii and all campuses and units that comprise the University of Hawaii System and to otherwise support the University of Hawaii System, and (2) To operate exclusively for educational, charitable, scientific, or literary purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or the corresponding provision of any future United States internal revenue law). Our mission is to unite our donors' passions with the University of Hawaii's aspirations to benefit the people of Hawaii and beyond. We do this by raising private philanthropic support, managing private investments, and nurturing donor and alumni relationships. 0 0 10786608 0 0 Student Aid Services- Scholarships, fellowships, grants, and awards. 7801670 0 0 Special Programs- Accounts for academic and non-academic division of the institution including expenses such as visiting lecturers, computer lab support, facilities funds, intramural sports, visiting professorships, a variety of outreach programs, community health fairs, workshops, alumni activities, band, mentorship programs, etc. 4788272 0 0 Academic Support- Support for the academic divisions with the University including expenses such as business conferences, travel, research, equipment, supplies, etc. 13031321 0 0 Research, athletics, faculty staff support, capital projects, and extension public services. 13031321 0 0 36407871 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 X 503 0 1 304 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 HI X X X Tracy Ide 8089567447 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 Ronald Ho Chairman 0.5 0 X 0 0 0 J Kuhio Asam Vice Chair 0.5 0 X 0 0 0 T Michael May Vice Chair 0.5 0 X 0 0 0 Mary Sellers Treasurer 0.5 0 X 0 0 0 Marivic Dar Secretary 0.5 0 X 0 0 0 Alan Arakawa Trustee 0.5 0 X 0 0 0 Stanford Carr Trustee 0.5 0 X 0 0 0 Brandt Farias Trustee 0.5 0 X 0 0 0 Elizabeth Hokada Trustee 0.5 0 X 0 0 0 Kathleen Kagawa Trustee 0.5 0 X 0 0 0 James Lally Trustee 0.5 0 X 0 0 0 Jeffrey Lau Trustee 0.5 0 X 0 0 0 Rosita Leong Trustee 0.5 0 X 0 0 0 Carol Ai May Trustee 0.5 0 X 0 0 0 Earl Miller Trustee 0.5 0 X 0 0 0 Ritchie Mudd Trustee 0.5 0 X 0 0 0 Duk Hee Murabayashi Trustee 0.5 0 X 0 0 0 A Catherine Ngo Trustee 0.5 0 X 0 0 0 James Pappas Trustee 0.5 0 X 0 0 0 Judith Pyle Trustee 0.5 0 X 0 0 0 William Richardson Trustee 0.5 0 X 0 0 0 Lawrence Taff Trustee 0.5 0 X 0 0 0 Michael Tresler Trustee 0.5 0 X 0 0 0 Arthur Ushijima Trustee 0.5 0 X 0 0 0 Richard Wacker Trustee 0.5 0 X 0 0 0 Lance Wilhelm Trustee 0.5 0 X 0 0 0 Kent Youel Trustee 0.5 0 X 0 0 0 Donna Vuchinich President 40 0 X X 305921 0 50153 Paul Kobayashi Assistant Treasurer/VP for Admin/CFO 40 0 X X 26154 0 637 William King Assistant Treasure/VP for Admin/CFO 40 0 X X 201591 0 26250 Greg Willems Vice President for Development 40 0 X X 263974 0 45778 Janet Bullard Vice President for Marketing and Communications 40 0 X X 170561 0 31575 John Han Assistant Treasurer/Director of Data & Technology 40 0 X 129906 0 22610 Tracy Ide Assistant Treasurer/Controller 40 0 X 127517 0 20947 Joy Watanabe Assistant Secretary/Associate Director of Compliance 40 0 X 78589 0 15122 Joni Kohama Assistant Secretary/Executive Assistant to the President 40 0 X 36174 0 16831 Jeffrie Jones Director of Development- JABSOM 40 0 X 135295 0 14467 Michael Coppes Director of Estate & Gift Planning 40 0 X 112678 0 11339 Lori Admiral Associate VP for Development 40 0 X 112272 0 11297 Vincent Baldemor President- Ahahui Koa Anuenue 40 0 X 106704 0 12315 Dave Mori Director of Development- UH Cancer Center 40 0 X 104838 0 11080 1912174 0 290401 13 0 1 0 Cambridge Associates LLC 100 Summer Street Boston MA 02110 investment services 451636 KPMG LLP Pauahi Tower 1003 Bishop Street Unit 2100 Honolulu HI 96813 accounting services 153246 2 0 1287997 944122 0 0 74700228 2205855 76932347 0 3924036 3917253 6783 0 0 0 0 0 137648 137648 0 0 41777 0 39021 0 2756 0 2756 0 2756 0 165120434 2800966 155297695 2637698 9822739 163268 9986007 9986007 0 0 2405536 944122 1171852 1233684 0 1233684 Honoraria 900099 4011190 4011190 0 0 Memberships 900099 398554 398554 0 0 Special Events 900099 113295 113295 0 0 541382 541382 0 0 5064421 97280899 19105329 9539 1233684 8964433 8964433 1732147 1732147 0 0 0 0 1347833 0 906560 441273 0 0 0 0 6594901 222519 1373188 4999194 733240 22531 216680 494029 608581 9419 198423 400739 528695 16622 153221 358852 0 0 0 0 120124 15633 48280 56211 148742 9817 138925 0 63333 63333 0 0 0 0 1084855 872801 212054 0 2651198 2419156 44399 187643 851891 601622 156746 93523 2636617 2338852 144252 153513 0 0 0 0 0 0 0 0 98418 84076 11540 2802 2512398 2363968 63032 85398 0 0 0 0 1455973 1202434 64152 189387 0 0 0 0 0 0 0 0 35837 3193 14039 18605 103087 61192 15162 26733 Reimbursements to UH for expenses 11329276 11329276 0 0 Cultivation 1149495 1104064 17128 28303 Membership benefits 929175 929175 0 0 Construction/renovation 257298 257298 0 0 2296389 1784310 211102 300977 48233936 36407871 3988883 7837182 2090261 1648575 7477933 2180143 23047606 59928397 0 0 0 0 0 0 71325 46506 0 0 110263 112105 3521996 1307281 2215783 2214715 164155410 182519484 147640357 183315651 0 0 0 0 27776700 19783212 374585638 451748788 5512776 5093896 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9904882 10539767 15417658 15633663 X -2613988 3978937 161678163 215137271 200103805 216998917 359167980 436115125 374585638 451748788 X 49046963 27900182 0 0 0 0 X 0 1 X 1 0 X 33785998 36022496 45903782 49403862 76932346 242048484 0 0 0 0 0 0 313665 329914 334420 334420 344452 1656871 34099663 36352410 46238202 49738282 77276798 243705355 0 243705355 4071638 4239370 4058002 5193998 4343507 21906515 0 103867 -183623 24974 9539 -45243 5380461 7313018 12340653 11012352 16466464 52512948 318079575 0.76618 0.7522 X Schedule A, Part II, Line 10 Other income consists of fundraising events & fees, honoraria/services, royalties, and other miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 63333 63333 0 63333 12667 3167 0 50666 1 0 8016 8292 12667 28975 43463 0 40081 41458 63333 144872 0 2004 2073 3167 7244 10866 0 0 0 0 0 225165516 14916394 34853922 0 0 13865399 261070433 201970799 10982694 23555304 0 0 11343281 225165516 204525424 12247858 -2708698 0 0 12093785 201970799 166416492 15200388 31846913 0 0 8935369 204528424 149445847 9327614 15084475 0 0 7441444 166416492 0.27 0.73 0 1 0 2006330 0 2006330 116403 0 7584 108819 58253 0 48324 9929 1276589 0 1212125 64464 64421 0 39248 25173 2214715 Hedge funds 79328975 F Internationally equity 46464165 F Natural resources/real estate 28905227 F Domestic equity 15974031 F Private equity securities 11576193 F Fixed income 1067060 F 183315651 0 Liabilities under split-interest agreement 6889671 Amounts held for others 3181973 Payroll taxes and benefits 468072 Other liabilities 51 10539767 X 126736406 27900182 344452 0 1210873 29455507 97280899 0 0 0 97280899 49789261 344452 0 0 1210873 1555325 48233936 0 0 0 48233936 Schedule D, Part V, Line 4 Endowments are managed for prudent growth to ensure the returns provide for program support plus inflation. The present and future revenue streams that endowed funds generate allow the University to hire faculty, implement programs, advance research, and support outstanding students. Schedule D, Part X, Line 2 The Foundation recognizes the effect of income tax. Schedule D, Part XI, Line 2d Special event direct expenses netted against related revenue. Rental expenses netted against related revenue. Schedule D, Part XII, Line 2d Special event direct expenses netted against related revenue. East Asia and the Pacific 0 0 Program Services Disaster risk and resiliency program 113000 0 0 113000 1 0 1 1 1 0 College of Engineering Annual Banquet 183289 118900 64389 0 0 0 0 0 16828 Distinguished Alumni Award Dinner 179225 75692 103533 0 0 0 0 0 76557 54 1532011 736598 795413 0 0 0 0 0 860971 1894525 931190 963335 0 0 0 0 0 954356 954356 8979 1 University of Hawaii 2500 Campus Road Honolulu HI 96822 996000354 7235244 0 0 0 Scholarships and grants, including stipends and travel awards. 534 1722643 0 Schedule I, Part I, Line 2 The Foundation has policies in places for providing grant funds to students in the form of scholarships, travel grants, and awards. Generally, scholarship and fellowship payments specifically intended to cover cost of attendance related items are processed through the University's system. The Foundation will pay scholarships and fellowships to students directly in relation to travel, materials, and/or research. All payments requests must comply with the Foundation's account administration policy in order to be processed. X 1 1 X X X 0 0 0 1 0 0 0 0 0 Donna Vuchinich President 246866 0 55000 0 4055 0 39597 0 10556 0 356074 0 348274 0 William King Assistant Treasure/VP for Admin/CFO 172942 0 28000 0 649 0 24483 0 1768 0 227842 0 230688 0 Greg Willems Vice President for Development 233374 0 32700 0 -2100 0 34228 0 11550 0 309752 0 305357 0 Janet Bullard Vice President for Marketing and Communications 159868 0 10800 0 -107 0 19939 0 11636 0 202136 0 193498 0 John Han Assistant Treasurer/Director of Data & Technology 129906 0 0 0 0 0 15023 0 7587 0 152516 0 0 0 Schedule J, Part I, Line 1a Private business club membership is provided to the President, Associate Vice Presidents, and certain staff for business use. Schedule J, Part I, Line 5 An incentive program is in place for key individuals. It is based on quantitative and qualitative factors. One of several quantitative factors is funds raised. Claire Asam- Board Member HMSA Family member of Kuhio Asam- UHF Trustee 533958 HMSA provides health insurance services to UHF 0 Mary Sellers Vice Chair and Chief Risk Officer, Bank of Hawaii 230959 Bank of Hawaii provides banking and investment services to UHF 0 Patrick Bullard- Principal Heinrich Family member of Janet Bullard- UHF Officer 57483 Heinrich Marketing provides marketing and advertising services to UHAA 0 X 29 784568 FMV X 15 1083626 FMV X 3 494600 FMV 0 0 1 1 Schedule M, Part I, Line 32b The University of Hawaii Foundation used Kokua in Kind and Merrill Lynch to process and sell noncash contributions. Form 990, Part III, Line 4d Other program services including, faculty/staff support, extension/public services, athletics, capital projects, and research. Form 990, Part V, Line 2a The University of Hawaii Foundation had 117 active employees for calendar year 2013, excluding students. Form 990, Part VI, Section A, Line 2 T Michael May and spouse Carol Ai May are both Trustees. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by accounting staff of the Foundation and reviewed by the CFO, Controller, and the Associate Director of Compliance and Administration prior to filing. Revisions, if any, are made and a final draft is provided to the Board of Trustees prior to filing the return. The Form 990 is available on Guidestar and on the Foundation's website. Form 990, Part VI, Section B, Line 12c The Foundation has a conflict of interest policy for employees and a separate form for Trustees. In accordance with both policies, all employees and Trustees are required to complete and certify an "Annual Conflict of Interest Form" at the beginning of the fiscal year. The information is compiled by the Associate Director for Compliance and Administration. Any potential conflicts with regard to Trustees are brought to the attention of the Vice President for Administration/Chief Financials Officer, and President and brought to the Board of Trustee's Audit Committee to approve or disapprove of the conflict of interest. Form 990, Part VI, Section B, Line 15 Annually the Foundation benchmarks the salaries of Presidents and Chief Executive Officers and other senior management positions at other institutionally related foundations nationwide as well as nonprofits within the State of Hawaii. This is done through research of 990s and through salary surveys of various professional organizations. The Executive Committee of the board of Trustees uses this data in conjunction with an assessment of individual job performance to determine the appropriate compensation adjustments for the Presidents/CEO and Vice Presidents of the organization. The documentation of these decisions is provided to and filed in the Human Resources Department. Form 990, Part VI, Section C, Line 19 The Foundation has a Public Information Policy. This policy sets out the practices of the Foundation regarding disclosure of information and describes the extent and nature of those materials which will be made available to the public. The Foundation provides access to the following documents via a link on the Foundation's website: previous three year's Form 990 tax return, IRS tax determination letter, Articles of Incorporation and Annual Report. The Form 990 tax return may also be viewed on Guidestar. Also available on the website is a listing of the Foundation's Board of Trustees and Foundation Staff. The Conflict of Interest Policy and other governing documents outlined in the Public Information Policy that are not on the website are available upon request. Form 990, Part XI, Line 5 Unrealized gain UHF Support Inc 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 Support for University of Hawaii Foundation HI 501(c)(3) 509(a)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0