2014-05-14T20:21:47-07:00 2013-06-30 990 2012-07-01 990085260 UNIVERSITY OF HAWAII FOUNDATION UNIV 8089567447 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 Tracy Ide 8089567447 2014-05-14 2012 2015-11-30 17:44:51Z Tracy Ide 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 326666140 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 (of 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. 29 29 251 29 24974 0 45903782 49403862 0 0 9669774 8419027 6329555 6152291 61903111 63975180 9774692 10720622 0 0 8489378 9292013 0 0 7170085 25428448 25698408 43692518 45711043 18210593 18264137 336463305 374585638 11772373 15417658 324690932 359167980 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 donor's 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 10389370 0 0 Student Aid Services- Scholarships, fellowships, grants, and awards. 5611285 0 0 Academic Support- Support for the academic divisions with the University including expenses such as business conferences, travel, research, equipment, supplies, etc. 7894164 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. 11033377 0 0 Research, athletics, faculty staff support, capital projects, and extension public services. 11033377 0 0 34928196 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 1 1 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 507 0 1 251 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 X 29 29 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 Alan Arakawa 0.5 0 X 0 0 0 J Kuhio Asam 0.5 0 X 0 0 0 Stanford Carr 0.5 0 X 0 0 0 Bruce Coppa 0.5 0 X 0 0 0 Marivic Dar 0.5 0 X 0 0 0 Brandt Farias 0.5 0 X 0 0 0 Robert Hiam 0.5 0 X 0 0 0 Ronald Ho 0.5 0 X 0 0 0 Stuart Ho 0.5 0 X 0 0 0 Elizabeth Hokada 0.5 0 X 0 0 0 Kathleen Kagawa 0.5 0 X 0 0 0 James Lally 0.5 0 X 0 0 0 Jefferey Lau 0.5 0 X 0 0 0 Carol Ai May 0.5 0 X 0 0 0 T Michael May 0.5 X 0 0 0 Ritchie Mudd 0.5 0 X 0 0 0 Duk Hee Murabayashi 0.5 0 X 0 0 0 Catherine Ngo 0.5 0 X 0 0 0 Judith Pyle 0.5 0 X 0 0 0 Mary Sellers 0.5 0 X 0 0 0 Gerald Sumida 0.5 0 X 0 0 0 Lawrence Taff 0.5 0 X 0 0 0 Michael Tresler 0.5 0 X 0 0 0 Arthur Ushijima 0.5 0 X 0 0 0 Richard Wacker 0.5 0 X 0 0 0 Lance Wilhelm 0.5 0 X 0 0 0 Artie Wilson 0.5 0 X 0 0 0 C Scott Wo 0.5 0 X 0 0 0 Kent Youel 0.5 0 X 0 0 0 Donna Vuchinich 40 0 X X 299217 0 49057 William King 40 0 X X 203311 0 27377 Greg Willems 40 0 X X 259652 0 45705 Janet Bullard 40 0 X X 163147 0 30351 John Han 40 0 X 125913 0 22475 Tracy Ide 40 0 X 119882 0 19782 Joy Watanabe 40 0 X 71091 0 14504 Joni Kohama 40 0 X 34444 0 11824 Jeffrie Jones 40 0 X 133051 0 24970 Lani Starkey 40 0 X 124059 0 21117 Michael Coppes 40 0 X 111257 0 18374 Vincent Baldemor 40 0 X 107510 0 20191 Jung Song 40 0 X 104960 0 20048 1857494 0 325775 12 0 1 0 Cambridge Associates LLC 100 Summer Street Boston MA 02110 Investment services 451636 KPMG LLC 1003 Bishop Street Suite 2100 Honolulu HI 96813 Audit, tax, and advisory services 153246 2 0 1226443 1334325 0 0 46843094 11077114 49403862 0 4943879 5049413 -105534 0 0 0 0 0 125238 125238 0 0 42795 0 38074 0 4721 0 4721 0 4721 0 264601203 141920 261126905 141070 3474298 850 3475148 3475148 0 0 2469425 1334325 1384911 1084514 0 1084514 Honoraria 900099 3916978 3791191 125787 0 Memberships 900099 418527 418527 0 0 Special Events 900099 133090 133090 0 0 469223 469223 0 0 4937818 63975180 13461830 24974 1084514 0 0 10700622 10700622 20000 20000 0 0 1310257 0 877523 432734 0 0 0 0 6172568 302782 1262432 4607354 706700 30690 211932 464078 602651 24002 194510 384139 499837 22151 141308 336378 0 0 0 0 104833 21116 36600 47117 150616 32827 117789 0 41458 41458 0 0 0 0 833182 636872 196310 0 2375612 2212046 34154 129412 694535 529476 100640 64419 2446098 2138890 125696 181512 0 0 0 0 0 0 0 0 94735 80298 11062 3375 2194887 2083509 42125 69253 0 0 0 0 1643256 1479460 30856 132940 0 0 0 0 0 0 0 0 36752 3193 11186 22373 92981 50511 14330 28140 Reimbursements to UH for expenses 10982223 10982223 0 0 Cultivation 964387 917905 11208 35274 Membership benefits 405066 405066 0 0 Construction/renovation 397809 397809 0 0 2239978 1815290 193101 231587 45711043 34928196 3612762 7170085 3759556 2090261 7305103 7477933 22807429 23047606 0 0 0 0 0 0 102817 71325 0 0 147563 110263 3503698 1287915 2252535 2215783 122602109 164155410 160795452 147640357 0 0 0 0 16690741 27776700 336463305 374585638 2649364 5512776 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9123009 9904882 11772373 15417658 X -3483363 -2613988 143105984 161678163 185068311 200103805 324690932 359167980 336463305 374585638 X 18264137 16212911 0 0 0 0 X 0 1 X 1 0 X 37382580 33785998 36022496 45903782 49403862 202498718 0 0 0 0 0 0 317941 313665 329914 334420 334420 1630360 37700521 34099663 36352410 46238202 49738282 204129078 0 204129078 5315934 4071638 4239370 4058002 5193998 22878942 0 0 103867 -183623 -79756 8416887 5380461 7313018 12340653 11012352 44463371 271391635 0.75216 0.7328 X Other income consists of fundraising events & fees, honoraria/services, royalties, and other miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 41458 41458 0 41458 8292 2073 0 33166 1 0 0 8016 8292 16308 24462 0 0 40081 41458 81539 0 0 2004 2073 4077 6116 0 0 0 0 0 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 177873552 12816819 -30104570 0 0 11139954 149445847 0.22 0.78 0 1 0 2006330 0 2006330 116403 0 4391 112012 58253 0 46321 11932 1288199 0 1202690 85509 34513 0 34513 0 2215783 Hedge funds 60105339 F Internationaly equity 29296926 F Natural resources/real estate 27932113 F Domestic equity 17933618 F Private equity securities 11377741 F Fixed income 994620 F 147640357 Other receivables 9030002 Perpetual trust 8353076 Beneficial interest in CRTs 5558477 Gift of real estate 4392259 Accrued interest/dividend receivables 231712 Cash surrender value 162148 Gift of securities 49026 27776700 0 Liabilities under split-interest agreement 6488092 Amounts held for others 2945766 Payroll taxes and benefits 465262 Other liabilities 5762 9904882 X 81907423 16212912 334420 0 1384911 17932243 63975180 0 0 0 63975180 47430374 334420 0 0 1384911 1719331 45711043 0 0 0 45711043 SchD_P05_S00_L04 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. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Foundation recognizes the effect of income tax SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Special event direct expenses netted against related revenue. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Special event direct expenses netted against related revenue. 1 East Asia and the Pacific 0 0 Program Services Disaster risk and resiliency program 103326 0 0 103326 East Asia and the Pacific Seismic survey and repair of early warning detection equipment 20000 wire transfer 0 1 0 1 0 1 1 1 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 Monitoring the grant consists of site visits, semi-annual financial and narrative reports. Grand Opening Kapolei 226250 115340 110910 0 0 0 0 0 143309 COE Annual Banquet 211830 146457 65373 0 0 0 0 0 97170 60 2086890 1072436 1014454 0 0 0 0 0 1034852 2524970 1334233 1190737 0 0 0 0 0 1275331 1275331 -84594 1 University of Hawaii 2500 Campus Road Honolulu HI 96822 996000354 8917795 0 0 0 Scholarships and grants, including stipends and travel awards. 528 1786415 0 SchI_P01_S00_L02 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 if 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 232540 0 61000 0 5677 0 38526 0 10531 0 348274 0 313678 0 William King 172143 0 31000 0 168 0 24967 0 2410 0 230688 0 216847 0 Greg Willems 224205 0 36300 0 -853 0 33571 0 12134 0 305357 0 304758 0 Janet Bullard 153590 0 10000 0 -443 0 19034 0 11317 0 193498 0 171763 0 Jeffrie Jones 130339 0 0 0 2712 0 14031 0 10940 0 158022 0 150690 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Private business club membership is provided to the President, Associate Vice Presidents, and certain staff for business use. SchJ_P01_S00_L05 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 fund raised (revenues). Claire Asam- Board Member of HMSA Family member of Kuhio Asam- UHF trustee 519703 HMSA provides health insurance services to UHF 0 Robert Hiam CEO of HMSA 519703 HMSA provides health insurance services to UHF 0 Peter Ho- CEO of Bank of Hawaii Family member of Stuart Ho- UHF trustee 202562 Bank of Hawaii provides banking and investment services to UHF 0 Mary Sellers Vice Chair and Chief Risk Officer- Bank of Hawaii 202562 Bank of Hawaii provides banking and investment services to UHF 0 Patrick Bullard- Principal Heinrich Family member of Janet Bullard- UHF Officer 89511 Heinrich Marketing provides marketing and advertising services to UHAA 0 Robert Wo Sr- Director of FHB Family member of C. Scott Wo- UHF trustee 2539 First Hawaiian Bank provides banking services to UHF 0 Robert Wo Jr- Director BOH Family member of C. Scott Wo- UHF trustee 202562 Bank of Hawaii provides banking and investment services to UHF 0 X 23 644821 FMV X 13 9200882 FMV X 3 1231411 FMV 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The University of Hawaii Foundation used Kokua in Kind and Merrill Lynch to process and sell noncash contributions. F990_P03_S00_L04d Form 990, Part III, Line 4d Other program services including, faculty/staff support, extension/public services, athletics, capital projects, and research. F990_P05_S00_L02a Form 990, Part V, Line 2a The University of Hawaii Foundation had 102 active employees for calendar year 2012, excluding students. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 T Michael May and spouse Carol Ai May are both Trustees. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 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 Trustees prior to filing the return. The 990 is available on Guidestar and on the Foundation's website. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Foundation has a conflict of interest policy for employees and a separate one 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 Financial Officer and President and brought to the Board of Trustee's Audit Committee to approve or disapprove of the conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually the Foundation benchmarks the salaries of Presidents and Chief Executives 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. F990_P06_S0C_L19 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. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gain UHF Support Inc 2444 Dole Street Bachman Hall 105 Honolulu HI 96822 262825368 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