2014-11-11T16:49:24-06:00 2014-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2013-07-01 237098397 COLORADO STATE UNIVERSITY FOUNDATION COLO 9704917135 PO BOX 1870 FORT COLLINS CO 80522 KATHLEEN HENRY PRESIDENT 9704917135 2014-11-11 1 CRAIG R CHOUN P00173718 3037409400 2013 2015-11-30 17:44:51Z KATHLEEN HENRY PO BOX 1870 FORT COLLINS CO 80522 144937963 0 X WWW.CSUFOUNDATION.ORG X 1970 CO COLORADO STATE UNIVERSITY FOUNDATION RECEIVES, MANAGES AND INVESTS GIFTS IN SUPPORT OF CSU. 4 3 15 6 -89865 -198537 45271687 59463960 0 0 16512570 16461260 -115140 -2368 61669117 75922852 45313188 49997124 0 0 1180589 1281638 0 0 0 5164340 4308902 51658117 55587664 10011000 20335188 356362299 402414053 17092900 16733139 339269399 385680914 X SEE SCHEDULE O COLORADO STATE UNIVERSITY FOUNDATION (THE FOUNDATION) ASSISTS IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND ENHANCEMENTS OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). THIS IS ACCOMPLISHED THROUGH RECEIVING, MANAGING AND INVESTING GIFTS. PRINCIPAL AND/OR INCOME FROM THESE GIFTS ARE USED FOR SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WHICH DIRECTLY OR INDIRECTLY AID AND BENEFIT CSU. 0 0 50140210 49997124 CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). DURING THE YEAR, THE FOUNDATION TRANSFERRED APPROXIMATELY $50,000,000 TO CSU AND AFFILIATES. BECAUSE OF THIS AID, CSU WAS ABLE TO AWARD SCHOLARSHIPS AND FELLOWSHIPS TO ITS STUDENTS; PROVIDE FOR ACADEMIC AND INSTRUCTIONAL SUPPORT, RESEARCH EFFORTS, INSTITUTIONAL SUPPORT; AND OPERATION AND MAINTENANCE OF FACILITIES AND EQUIPMENT. 50140210 1 1 0 1 0 0 0 0 1 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 0 0 0 0 1 0 0 0 1 9 0 1 15 1 1 1 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK FL MD MA NH OR UT CA MI MN NJ NY X X KAREN DUNBAR 9704917135 410 UNIVERSITY SERVICES CENTER FORT COLLINS CO 805239100 JAMES MARTELL DIRECTOR/CHAIR 1.00 X X 0 0 0 ROBERT CROMWELL DIRECTOR/VICE-CHAIR 1.00 X X 0 0 0 SCOTT THISTED DIRECTOR 1.00 X 0 0 0 KATHLEEN HENRY PRESIDENT/CEO 20.00 X X 105340 0 17087 KAREN DUNBAR SECRETARY/TREASURER/VP/CFO 40.00 X 160443 0 42166 LAURA SAYLER CONTROLLER 40.00 X 112024 0 33888 377807 0 93141 3 0 1 0 HOLLAND & HART LLP 555 17TH ST STE 3200 DENVER CO 80202 LEGAL 204129 MONTICELLO ASSOCIATES INC 1800 LARIMER STREET SUITE 2100 DENVER CO 80202 INVESTMENT MANAGEMENT 200000 WOODBERRY ASSOCIATES LLC 6227 EAGLE RIDGE RD BETTENDORF IA 52722 LEGISLATIVE RELATIONS 183409 3 59463960 12155061 59463960 3397241 3397241 82079130 69015111 13064019 13064019 13064019 MISCELLANEOUS 900099 87497 87497 ORD LOSS FROM PTNRSHPS 523000 -89865 -89865 -2368 75922852 87497 -89865 16461260 49997124 49997124 333120 333120 732897 732897 44400 44400 102814 102814 68407 68407 200268 200268 72865 72865 319545 319545 2823801 2823801 36600 1600 35000 469 235 234 123371 1081 122290 29295 29295 7102 239 6863 5643 45 5598 4800 4800 12275 12275 GIFT PROCESSING SERVICE 514000 514000 CULTIVATION/DEVELOPMENT 46672 46672 PREMIUM-DONATED INSUR. 12917 12917 99279 80297 18982 55587664 50140210 5447454 0 29327 38211 722239 849037 29494206 25103238 0 67148 37841 36888 212132 205422 6330 6710 169470646 212855587 155180636 161963207 762563 851691 658511 642336 356362299 402414053 151137 224618 2134713 741762 13989491 14976176 817559 790583 17092900 16733139 X 33378658 36517000 160586130 191341453 145304611 157822461 339269399 385680914 356362299 402414053 X 20335188 30638191 -4561864 X 0 1 X 1 0 X 25608677 45036387 25895829 45271687 59463960 201276540 25608677 45036387 25895829 45271687 59463960 201276540 17963412 183313128 3322760 4264979 3363594 3873498 3397241 18222072 4081 119960 100541 63426 87498 375506 219874118 0.83370 0.85580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2009 AMOUNT: $ 4,081. 2010 AMOUNT: $ 119,960. 2011 AMOUNT: $ 100,541. 2012 AMOUNT: $ 63,426. 2013 AMOUNT: $ 87,498. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 319545 319545 52444348 52763893 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250110 249989 254431 319545 1074075 250000 250000 250000 250000 1000000 1500000 0 1 X 254372544 13838422 31964582 18064901 -14994025 297104672 231306784 8347752 23441717 10101410 -1377701 254372544 234682234 7009268 -4628004 7398059 -1641345 231306784 181835528 12326771 44214351 5843926 -2149510 234682234 151644975 6113047 19257909 4254108 -9073705 181835528 0.10370 0.53120 0.36510 0 0 212132 205422 6710 6710 CASH/CASH EQUIV UNDER INV MGMT 1899140 F HEDGED EQUITIES 34371834 F ABSOLUTE RETURN 69929256 F PRIVATE EQUITY 50316719 F FIXED INCOME ALTERNATIVE 5446258 F 161963207 LIFE INCOME AGREEMENTS 790583 790583 X 102354021 30638191 -1583221 29054970 73299051 2623801 2623801 75922852 55942506 2978643 2978643 52963863 2623801 2623801 55587664 PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY ARRANGEMENT: THE FOUNDATION HAS BEEN DESIGNATED BY THE BOARD OF GOVERNORS OF THE COLORADO STATE UNIVERSITY (CSU) SYSTEM AS THE OFFICIAL REPOSITORY FOR ALL GIFTS OF CASH, SECURITIES, AND OTHER ASSETS GIVEN TO CSU FOR THE USE AND BENEFIT OF CSU, OTHER THAN THOSE REQUIRED BY LAW TO BE KEPT BY CSU. ENDOWMENTS AND THE RELATED EXPENDABLE FUND ARE HELD BY THE FOUNDATION FOR INVESTMENT SAFEKEEPING. THE FOUNDATION REPORTS ON THESE FUNDS TO CSU REGULARLY. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: ENDOWMENT FUNDS SHALL BE USED BY CSU FOR PURPOSES SET FORTH BY THE ENDOWMENT DONOR(S). SUCH USES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, AND OUTREACH. PART X, LINE 2: FIN48: THE FOUNDATION IS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A PUBLIC CHARITY UNDER SECTION 509(A)(1). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2014 AND 2013. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED IN MANAGEMENT AND GENERAL EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2014 AND 2013. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATIONS INCLUDE 2011 THROUGH 2014 FOR THE FEDERAL RETURN AND 2010 THROUGH 2014 FOR STATE RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS -87,404. UNRELATED BUSINESS LOSSES FROM PARTNERSHIPS 89,865. NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU -1,585,682. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 2,978,643. CENTRAL AMERICA/CARIBBEAN INVESTMENTS N/A 13089906 EUROPE INVESTMENTS N/A 8922472 0 0 0 0 0 0 22012378 0 22012378 1 0 0 1 1 0 1 COLORADO STATE UNIVERSITY OVAL DRIVE FORT COLLINS CO 80523 846000545 49789686 EDUCATION CSU RESEARCH FOUNDATION 601 S HOWES STREET ROOM 410 FORT COLLINS CO 80521 840600653 207438 BUILDING AND LAND MANAGEMENT FOR CSU 2 0 PART I, LINE 2: MONITORING PROCEDURES: UPON THE ESTABLISHMENT OF A NEW GIFT FUND, A DESIGNATED CSU REPRESENTATIVE RECEIVES FUND DOCUMENTATION (INCLUDING DONOR'S INTENTIONS) AND AGREES TO ENSURE DONOR INTENT IS MET. REGULAR, PERIODIC CERTIFICATIONS ARE GENERATED BY THE FOUNDATION AND DISSEMINATED TO CSU REPRESENTATIVES FOR REVIEW AND ATTESTATION THAT ALL AMOUNTS TRANSFERRED TO CSU DURING THE REPORTING PERIOD HAVE BEEN EXPENDED OR USED IN ACCORDANCE WITH DONOR'S INTENTIONS. PART II, LINE 1H, PURPOSE OF GRANTS OR ASSISTANCE: PURPOSES SET FORTH BY THE DONOR ARE COMMUNICATED TO CSU FOR ALL CASH AND NON-CASH ASSISTANCE PROVIDED FROM CSU FOUNDATION TO CSU. SUCH PURPOSES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, CAPITAL IMPROVEMENTS, AND INSTITUTIONAL SUPPORT. X X X 0 0 0 0 0 0 0 0 0 KAREN DUNBAR SECRETARY/TREASURER/VP/CFO 160182 0 0 0 261 0 16569 0 25597 0 202609 0 0 0 X 45 12155061 AVERAGE OF HIGH LOW 0 1 1 PART I, LINE 32B: CSU CONDUCTS FUNDRAISING FOR ALL GIFTS (BOTH CASH AND NONCASH). GIFTS OF CASH AND GIFTS OF SECURITIES FOR THE BENEFIT OF CSU ARE RECEIVED BY THE FOUNDATION. PER AN AGREEMENT BETWEEN THE FOUNDATION AND CSU, ALL GIFTS RECEIVED BY THE FOUNDATION ARE PROCESSED BY CSU. FORM 990, PART VI, SECTION A, LINE 1 COMPOSITION OF THE BOARD OF DIRECTORS: THE BOARD OF DIRECTORS OF THE FOUNDATION CONSISTS OF FIVE VOTING MEMBERS AND THREE, EX-OFFICIO, NON-VOTING MEMBERS. VOTING BOARD MEMBERS CONSIST OF FOUR COMMUNITY MEMBERS AND THE PRESIDENT OF THE FOUNDATION. AS OF JUNE 30, 2014, ONE OF THE VOTING MEMBER POSITIONS WAS VACANT. NON-VOTING BOARD MEMBERS CONSIST OF THE PRESIDENT OF COLORADO STATE UNIVERSITY, THE VICE PRESIDENT FOR UNIVERSITY OPERATIONS, AND THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT. FORM 990, PART VI, SECTION B, LINE 11 REVIEW OF 990: AS DOCUMENTED IN MEETING MINUTES, THE FOUNDATION'S BOARD OF DIRECTORS HAS BEEN ENGAGED IN THE REPORTING REQUIREMENTS OF FORM 990. EACH DIRECTOR RECEIVED A COPY OF THE COMPLETED FORM 990 FOR REVIEW PRIOR TO ITS FILING AND THE BOARD MEETING AT WHICH THE 990 WAS APPROVED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: DIRECTORS OF THE FOUNDATION'S BOARD AND EMPLOYEES OF THE FOUNDATION ARE PROVIDED COMPANY POLICIES ON OR BEFORE THEIR FIRST DATE OF SERVICE FOR THE FOUNDATION. ALL DIRECTORS AND KEY EMPLOYEES OF THE FOUNDATION ARE REQUESTED TO COMPLETE AND SUBMIT A DISCLOSURE OF POTENTIAL AND KNOWN CONFLICT(S) OF INTEREST ANNUALLY OR MORE FREQUENTLY IF CONFLICTS ARISE SOONER. ANY DISCLOSED RELATIONSHIPS ARE DISCUSSED WITH LEGAL COUNSEL AND A DETERMINATION MADE AS TO WHETHER THE RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST. SHOULD A CONFLICT OF INTEREST BE DETERMINED TO EXIST, THE BOARD IS INFORMED AND THE BOARD DETERMINES APPROPRIATE ACTION IF NECESSARY. SUCH ACTION MAY INCLUDE PROHIBITING THE DIRECTOR FROM PARTICIPATING IN CERTAIN DELIBERATIONS AND DECISIONS OR RECUSING THE DIRECTOR FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY: THE FOUNDATION'S PROCESS FOR DETERMINING COMPENSATION OF ALL OF ITS EMPLOYEES BEGINS WITH IDENTIFYING RESPONSIBILITIES OF THE POSITION. SALARIES ASSOCIATED WITH COMPARABLE POSITIONS WITHIN THE NONPROFIT SECTOR AND GEOGRAPHIC AREA ARE CONSIDERED, AS WELL AS THE EMPLOYEE'S RELEVANT EXPERIENCE AND EDUCATION. SALARY AND WAGE RATES FOR NEW EMPLOYEES AND ANY CHANGES TO PAY RATES ARE APPROVED BY THE PRESIDENT/CEO OR HIS/HER DESIGNEE. THE CHAIRPERSON OF THE FOUNDATION'S BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE PRESIDENT/CEO USING THE FOREMENTIONED PROCESS AND PROPOSES THE COMPENSATION OR CHANGES TO COMPENSATION TO THE VOTING DIRECTORS FOR APPROVAL. THE PRESIDENT/CEO DETERMINES THE COMPENSATION FOR OTHER TOP OFFICIALS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION ON AN INDIVIDUAL POSITION BASIS FOR OTHER TOP OFFICIALS IN CONJUNCTION WITH ITS REVIEW AND APPROVAL OF THE FOUNDATION'S BUDGET. BOARD-APPROVED COMPENSATION AND CHANGES IN COMPENSATION ARE COMMUNICATED BY THE CHAIRPERSON TO THE PRESIDENT/CEO AND CFO. APPROPRIATE DOCUMENTATION OF THE COMPENSATION PROCESS IS MAINTAINED IN THE FOUNDATION'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS TO THE PUBLIC: THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, IRS FORM 990, AND IRS FORM 1023 ARE AVAILABLE VIA THE FOUNDATION'S WEBSITE AT WWW.CSUFOUNDATION.ORG. ALSO AVAILABLE ON ITS WEBSITE IS THE FOUNDATION'S OPEN RECORDS POLICY WHICH ADDRESSES WHAT RECORDS ARE CONSIDERED PUBLIC RECORDS OPEN FOR INSPECTION AND THE PROCESS FOR REQUESTING SUCH RECORDS. FORM 990, PART XI, LINE 9: ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS -87,404. UNRELATED BUSINESS LOSSES FROM PARTNERSHIPS 89,865. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -2,978,643. NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU -1,585,682. CHARITABLE REMAINDER TRUSTS (2) CRAT CO CSUF T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0