2014-05-15T11:01:53-05:00 2013-06-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2012-07-01 237078461 UNIVERSITY OF LOUISVILLE FOUNDATION INC UNIV 5028527072 Controllers Office University of Louisville Louisville KY 40292 DR JAMES RAMSEY 2013-10-21 true Rachel Spurlock P00520729 5023263996 2012 2015-11-30 17:44:51Z DR JAMES R RAMSEY 2301 South Third Louisville KY 40292 261719778 false X WWW.LOUISVILLEFOUNDATION.ORG X 1970 KY THE UNIVERSITY OF LOUISVILLE FOUNDATION (FOUNDATION) EXISTS TO SUPPORT THE ACADEMIC, SCHOLARLY, RESEARCH AND COMMUNITY ENGAGEMENT ACTIVITIES OF THE UNIVERSITY OF LOUISVILLE (UNIVERSITY) AND TO ASSIST THE UNIVERSITY IN BECOMING A NATIONAL TOP TIER METROPOLITAN RESEARCH UNIVERSITY. SINCE ITS INCEPTION IN 1970, THE FOUNDATION HAS SUPPORTED THE EFFORTS OF THE UNIVERSITY TO ATTRACT OUTSTANDING STUDENTS AND TO BRING THE WORLD'S TOP SCHOLARS AND SCIENTISTS TO KENTUCKY. INVESTMENT IN THE UNIVERSITY IS INCREASINGLY CRITICAL AS STATE SUPPORT FOR HIGHER EDUCATION CONTINUES TO DECLINE. ALTHOUGH STATE BUDGET CUTS ARE CHALLENGING, THE UNIVERSITY REMAINS A LEADER AMONG COLLEGES AND UNIVERSITIES IN KENTUCKY. 15 14 8 14 -2873000 -2873000 55949088 39479546 0 0 18848727 32504925 -3990130 -2623778 70807685 69360693 15030740 10490054 0 0 1108810 4065199 0 0 8330526 66260156 72434875 82399706 86990128 -11592021 -17629435 921526307 957096322 130154013 131803157 791372294 825293165 THE FOUNDATION IS ORGANIZED AND OPERATED FOR THE BENEFIT OF THE UNIVERSITY. IT SERVES AS A FUNDRAISING ORGANIZATION AND PROVIDES ECONOMIC IMPACT ON THE COMMONWEALTH OF KENTUCKY THROUGH DEVELOPMENT OF NEW BUSINESSES AND THE CREATION OF NEW JOBS. FUNDS ARE INVESTED AND MANAGED BY THE FOUNDATION IN SUPPORT OF THE UNIVERSITY'S MISSION TO BECOME A PREMIER METROPOLITAN RESEARCH UNIVERSITY RECOGNIZED FOR ADVANCING THE INTELLECTUAL, SOCIAL AND ECONOMIC DEVELOPMENT OF OUR COMMUNITY AND ITS CITIZENS WHILE PLACING THE UNIVERSITY AMONG THE TOP TIER OF SIMILAR UNIVERSITIES IN THE NATION. false false 37010513 8903420 190697 EDUCATIONAL EXCELLENCE WITH THE SUPPORT OF THE FOUNDATION, THE UNIVERSITY AIMS TO ATTRACT THE BEST AND BRIGHTEST MINDS. IT LEADS THE STATE WITH 75 FULBRIGHT AWARD WINNERS. THE UNIVERSITY HAD ONE OF THE 62 TRUMAN SCHOLARS IN THE UNITED STATES AND THE ONLY SUCH SCHOLAR IN KENTUCKY. THE INCOMING FRESHMAN CLASS WAS RECIPIENTS OF 175 GOVERNOR SCHOLARS WITH AN OVERALL TOTAL OF 625 GOVERNOR SCHOLARS. THE FRESHMAN CLASS AGAIN BROKE THEIR RECORD WITH A 25 AVERAGE ACT SCORE, 35% OF STUDENTS WITH ACT SCORES GREATER OR EQUAL TO 27, AND 56 VALEDICTORIANS. 22212038 1178574 450865 RESEARCH, SCHOLARSHIP AND CREATIVE ACTIVITY THE UNIVERSITY, WITH THE HELP OF THE FOUNDATION, IS FOCUSED ON ENSURING THAT THE GREAT IDEAS THAT BEGIN IN THE LABORATORY AND THE CLASSROOM BECOME TANGIBLE BENEFITS FOR PEOPLE. THE DRIVING GOALS BEHIND THESE STEPS ARE TO: 1. INCREASE FUNDED RESEARCH; 2. INCREASE OUR TRANSLATIONAL RESEARCH IN RESPONSE TO COMMUNITY NEEDS AND FUEL ECONOMIC DEVELOPMENT; 3. FOCUS ON AREAS OF SCHOLARLY AND CREATIVE ACTIVITY THAT CREATE NATIONAL PROMINENCE; AND 4. EXPAND CLINICAL OPERATIONS TO BETTER SERVE KENTUCKY. IN FISCAL YEAR 2013 TOTAL GRANT AND CONTRACT AWARDS TOTALED 680 FOR $118.9 MILLION. THE FOUNDATION IS FINANCING AND DEVELOPING THREE RESEARCH PARKS, ONE AT EACH OF THE UNIVERSITY'S CAMPUSES - BELKNAP CAMPUS, HEALTH SCIENCES CENTER CAMPUS, AND SHELBY CAMPUS. EACH OF THESE PARKS IS BEING DESIGNED TO FURTHER THE UNIVERSITY'S RESEARCH MISSION, PROVIDE ADDITIONAL REVENUE STREAMS AND PROMOTE ECONOMIC DEVELOPMENT IN THE LOUISVILLE AREA. 1. NUCLEUS INNOVATION PARK: THIS RESEARCH AND INNOVATION PARK INCLUDES THE TECHCENTER, THE NUCLEUS, AND THE IHUB. ONCE COMPLETED IT IS PROJECTED TO CREATE 8,700 JOBS. THE TECHCENTER OFFERS LABORATORY SPACE, BOTH WET AND DRY, AND OFFICE SPACE. A SHARED LABORATORY FACILITY EQUIPPED WITH COMMON LABORATORY EQUIPMENT IS AVAILABLE FOR EARLY STAGE COMPANIES REQUIRING LABORATORY SPACE. THE NUCLEUS IS AN EIGHT STORY, 200,000 SQUARE FOOT BUILDING WITH A GREEN ROOF AND OPEN SPACES. IT WILL HOUSE THE INTERNATIONAL CENTER FOR LONG TERM CARE INNOVATION WHICH SERVES AS A CATALYST FOR THE UNIVERSITY'S WORLDWIDE AGING CARE RESEARCH INITIATIVE. OTHER TENANTS INCLUDE ATRIA SENIOR LIVING, UNIVERSITY'S EXECUTIVE VICE PRESIDENT FOR RESEARCH AND INNOVATION RESEARCH OFFICE, ACCELERATORS FOR START-UP COMPANIES AND THE ADMINISTRATION FOR THE UNIVERSITY'S MEDICAL FACULTY. THE IHUB, OUR CO-WORKING SPACE FOR VERY EARLY STAGE COMPANIES, CONTINUES TO BE WELL USED. UNIVERSITY ASSOCIATED STARTUPS AND EARLY STAGE COMPANIES ARE LOCATED IN THE TECHCENTER, THE IHUB AND THE NUCLEUS. 2. SHELBYHURST: THIS RESEARCH AND OFFICE PARK IS LOCATED ON UNIVERSITY'S SHELBY CAMPUS IN EASTERN JEFFERSON COUNTY. SHELBYHURST FEATURES THE 38,000 SQ. FT. CENTER FOR PREDICTIVE MEDICINE, A NATIONAL INSTITUTES OF HEALTH FUNDED BIOSAFETY LAB FOCUSING ON RESEARCH OF INFECTIOUS DISEASES. THROUGH A PARTNERSHIP WITH REAL ESTATE DEVELOPMENT FIRM NTS, THE FOUNDATION HELPED CONSTRUCT THE FIRST LEED CERTIFIED CLASS A OFFICE BUILDING AT SHELBYHURST. THE FACILITY, KNOWN AS 600 NORTH, IS THE FIRST BUILDING OF ITS TYPE IN KENTUCKY AND DESPITE THE CHALLENGING ECONOMIC CLIMATE HAS ACHIEVED 100% OCCUPANCY LEADING TO CONSTRUCTION OF A SECOND, SIMILAR BUILDING NEARBY. FUTURE PLANS INCLUDE A HOTEL AND CONFERENCE FOR HOSTING RESEARCHERS AND FACULTY FROM ACROSS THE GLOBE. 3. BELKNAP ENGINEERING AND APPLIED SCIENCES RESEARCH PARK: THIS 39 ACRE RESEARCH PARK IS BEING DEVELOPED AS THE CENTERPIECE FOR RESEARCH AND COLLABORATION AT UNIVERSITY'S BELKNAP CAMPUS. THE DEVELOPMENT IS THE CENTERPIECE OF A SIGNATURE TAX INCREMENT FINANCING (TIF) DISTRICT, DESIGNED TO STIMULATE ECONOMIC GROWTH IN THE AREA. THE TIF DISTRICT COVERS MORE THAN 900 ACRES AND WAS GIVEN APPROVAL BY THE KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY, PAVING THE WAY FOR WHAT COULD BE AN ESTIMATED $1 BILLION IN GROWTH OVER 30 YEARS. THE PROJECT INCLUDES A $31 MILLION ROAD IMPROVEMENT PROJECT THAT WAS JUMPSTARTED BY THE FOUNDATION WITH A $6.2 MILLION COMMITMENT. BUILDING ON RESOURCES AT THE INSTITUTION'S J. B. SPEED SCHOOL OF ENGINEERING, A MAJOR FOCUS OF THE RESEARCH PARK WILL BE TO BRING COMPANIES AND ENGINEERING EXPERTS TOGETHER. THE UNIVERSITY ALSO ENVISIONS RESEARCH, SUPPORT FACILITIES AND STAFF TO HELP UNIVERSITY'S FACULTY COMMERCIALIZE THEIR IDEAS AND INVENTIONS. 3488159 300098 15945 COMMUNITY ENGAGEMENT AND RESPONSIBLE STEWARDSHIP THE UNIVERSITY'S STRATEGIC PLAN, "THE 2020 PLAN: MAKING IT HAPPEN," DESCRIBES THE UNIVERSITY'S COMMITMENT TO COMMUNITY ENGAGEMENT AND REINFORCES THE CONCEPT OF A "CITIZEN UNIVERSITY." FUTURE GROWTH OF INITIATIVES IN THE SIGNATURE PARTNERSHIP, IDEAS TO ACTION (I2A), STUDENT AFFAIRS AND IN EACH ACADEMIC UNIT WILL RESULT IN SIGNIFICANT INCREASES IN OUR COMMUNITY SERVICE PROJECTS AND COMMUNITY-BASED INSTRUCTIONAL AND RESEARCH EFFORTS. THE UNIVERSITY HAS BEEN REPEATEDLY RECOGNIZED FOR VOLUNTEERISM, VETERAN-FRIENDLY PROGRAMS, LEADERSHIP IN SUSTAINABILITY, AND AS A "GOOD NEIGHBOR" FOR THE COMMUNITY. CARDINAL SPORTS FANS WITNESSED A BCS SUGAR BOWL VICTORY OVER FLORIDA IN FOOTBALL AS WELL AS A NATIONAL CHAMPIONSHIP FOR THE CARDINAL MEN'S BASKETBALL TEAM. THE WOMEN'S BASKETBALL TEAM WAS NATIONAL RUNNER-UP WHILE THE BASEBALL TEAM REACHED THE COLLEGE WORLD SERIES IN OMAHA. THE FOUNDATION CONTINUES TO SUPPORT THE CREATION OF OUTSTANDING FACILITIES TO ATTRACT THE VERY BEST STUDENT-ATHLETE AND COACHING TALENT TO THE UNIVERSITY. THE UNIVERSITY PLEDGES TO BE A MODEL METROPOLITAN UNIVERSITY, INTEGRATING ACADEMIC EXCELLENCE, RESEARCH STRENGTH AND CIVIC ENGAGEMENT. TO FULFILL THIS OBLIGATION THE UNIVERSITY IS ENGAGING IN THE FOLLOWING: 1. CREATING AN IMPROVED NEIGHBORHOOD BY JOINING INNOVATIVE PARTNERSHIPS TO DEVELOP THE CAMPUS AREA THROUGH GROWTH IN BUSINESS AND HOUSING FOR STUDENTS, FACULTY, AND STAFF. CREATING A LIVELY CAMPUS THAT ENCOURAGES CO-CURRICULAR ACTIVITIES AND CAMPUS INVOLVEMENT. EXPANDING HEALTH SERVICES FOR STUDENTS, FACULTY, AND STAFF; 2. EXPANDING CLINICAL ENTERPRISES TO BETTER SERVE OUR COMMUNITY; 3. STRENGTHENING OUR COMMUNITY ENGAGEMENT IN THE VISUAL AND PERFORMING ARTS, LITERARY ARTS, HUMANITIES, HISTORIC PRESERVATION, LIBRARIES AND MUSEUMS, ESPECIALLY IN LOUISVILLE'S CORE AREA; 4. KEEPING COMMITMENTS TO WEST LOUISVILLE BY IMPLEMENTING AND SUSTAINING THE SIGNATURE PARTNERSHIP PROGRAM, FOCUSING ON ELIMINATING OR REDUCING DISPARITIES IN THE EDUCATIONAL, HEALTH, ECONOMIC AND SOCIAL CONDITION OF COMMUNITY RESIDENTS AND; 5. ENACTING OUR STATEWIDE MISSION IN FOCUSED AREAS APPROPRIATE FOR A METROPOLITAN UNIVERSITY BY PARTNERING IN THE CREATION OF A CITY SOLUTION CENTER, EXPANDING OUR STATEWIDE OUTREACH THROUGH CLINICAL AND TRANSLATIONAL ACTIVITIES AND SELECTING EDUCATION PROGRAMS, AND ACHIEVING INDICATORS FOR CARNEGIE CLASSIFICATION FOR COMMUNITY ENGAGEMENT. 185550 107962 0 DIVERSITY, OPPORTUNITY AND SOCIAL JUSTICE THE UNIVERSITY HAS MADE MEANINGFUL PROGRESS IN RECENT YEARS BY FOCUSING ON: 1. EXPANDING THE CARDINAL COVENANT PROGRAM, WHICH GUARANTEES FUNDING TO KENTUCKY'S POOREST STUDENTS WITH A GOAL OF REACHING $3.1 MILLION BY 2020; 2. INCREASING NEED-BASED AND TRANSFER AID BY $5.97 MILLION; 3. INCORPORATING PRINCIPLES OF CULTURAL DIVERSITY, GLOBAL AWARENESS, AND SOCIAL JUSTICE INTO EDUCATIONAL CURRICULA, RESEARCH AND SCHOLARSHIP PROGRAMS AND PROGRAMS IN CIVIC ENGAGEMENT; 4. REVAMPING THE UNIVERSITY'S INTERNATIONAL CENTER TO LEAD INTERNATIONAL EDUCATIONAL AND RESEARCH INITIATIVES AND PROVIDE A WELCOMING PLACE FOR INTERNATIONAL STUDENTS AND; 5. INCREASE FACULTY AND STUDENT PARTICIPATION IN INTERNATIONAL EXPERIENCES AND PROJECT 185550 107962 0 62896260 true true false true false false true true true true true false true true true false true false false true false true false true false false true true true false false false false false false false false true true false false true true true true true false true X 428 0 true 8 true true true false false false false true true false false false false X 15 14 false false false false false false false true true false false true true true true true true true false true true KY X X Jason Tomlinson 5028526166 University of Louisville Foundation Louisville KY 40292 X BURT DEUTSCH 0.50 0.50 X X 0 0 0 DR JAMES R RAMSEY 10.00 0.50 X X 2743572 0 520833 DR WILLIAM SELVIDGE 0.50 0.50 X X 0 0 0 EDDY ROBERTS 0.50 0.50 X X 0 0 0 JOYCE HAGEN 0.50 0.50 X X 0 0 0 CHARLES DENNY 0.50 0.50 X 0 0 0 DEBBIE SCOPPECHIO 0.50 0.50 X 0 0 0 DR MARK LYNN 0.50 0.50 X 0 0 0 DR SALEM GEORGE 0.50 0.50 X 0 0 0 FRANK MINNIFIELD 0.50 0.50 X 0 0 0 FRANK WEISBERG 0.50 0.50 X 0 0 0 J CHESTER PORTER 0.50 0.50 X 0 0 0 JONATHAN BLUE 0.50 0.50 X 0 0 0 MARGARET HANDMAKER 0.50 0.50 X 0 0 0 ULYSSES L BRIDGEMAN JR 0.50 0.50 X 0 0 0 DR SHIRLEY WILLIHNGANZ 10.00 0 X 1925108 0 0 KATHLEEN M SMITH 10.00 11.00 X 1401832 45000 11837 MICHAEL J CURTIN 10.00 0.50 X 148406 0 5322 DR DONALD M MILLER 0.50 0 X 1707561 0 0 RONALD KEVIN MILLER 0.50 0 X 219534 0 0 THOMAS M JURICH 10.00 0 X 255915 0 0 VICKIE YATES BROWN 49.50 0 X 307993 0 37516 8709921 45000 575508 8 false true false POWER GRAPHICS INC 11701 COMMONWEALTH DRIVE LOUISVILLE KY 40299 MARKETING SERVICES 1346373 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INVESTMENT MANAGER 1256366 TANDEM PUBLIC RELATIONS & MARKETING LLC 304 WEST LIBERTY SUITE 200 LOUISVILLE KY 40202 CONSULTING 502836 WELLINGTON TRUST CO NA 280 CONGRESS STREET BOSTON MA 02210 INVESTMENT MANAGER 416140 SANDS CAPITAL MANAGEMENT LLC 1101 WILSON BLVD SUITE 2300 ARLINGTON VA 22209 INVESTMENT MANAGER 368130 26 316570 22500 39140476 1620304 39479546 0 0 0 0 0 0 0 0 0 0 7590429 -1470137 9060566 0 91468 91468 2313005 5968121 -3655116 0 -3655116 -1880932 -1774184 208515980 2225522 184947104 879902 23568876 1345620 24914496 24914496 368252 316570 563958 -195706 -195706 0 0 PROFESSIONAL FEES AND SERVICES 611710 620994 142925 478069 ADMINISTRATIVE FEES 561110 450865 450865 INSURANCE RECOVERIES 900099 47771 47771 15946 15946 0 0 1135576 69360693 657507 -2873000 32096640 57000 57000 10273054 10273054 160000 160000 0 834928 834928 0 0 3158110 3158110 49564 49564 22597 22597 0 110347 110347 58254 58254 0 0 1685637 26154 1659483 48858314 36276415 4674094 7907805 4340034 2469942 1696411 173681 1066790 599708 440027 27055 1184662 698032 472681 13949 0 2899437 2168988 720535 9914 2362228 1823958 447757 90513 0 1143238 894553 240001 8684 103474 103474 0 2040393 2040393 108195 6855 101340 LABORATORY AND RESEARCH SUPPORT 920727 762333 154597 3797 SMALL EQUIPMENT 3963734 3830888 132724 122 INSTRUCTIONAL AND TRAINING 402327 396538 5789 0 OTHER FEES 227298 196664 30628 6 959786 104438 760348 95000 86990128 62896260 15763342 8330526 0 3439 3336 15250072 26893519 29173411 21812165 2438168 5597213 0 0 1715378 1515378 190183 376538 131462397 21318087 93244761 110144310 169972601 163849872 559459267 566578906 0 0 50079027 60325085 921526307 957096322 3085631 4355941 7039239 7013471 46398684 42684905 0 32280403 49067154 4120099 4120099 37229957 24561587 130154013 131803157 X 172394669 170056353 225418077 248622143 393559548 406614669 791372294 825293165 921526307 957096322 X -17629435 48471069 3079237 0 X false true X true false X 48889250 49458052 39727598 55949088 39479546 233503534 0 0 48889250 49458052 39727598 55949088 39479546 233503534 21760202 211743332 11925294 9374530 9255259 12425364 9994902 52975349 0 0 0 0 0 0 0 0 0 0 0 286478883 1271033 0.73910 0.73360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 165173 false false 165173 false Description of the activities reported on Lines 1a through 1i Schedule C, Part II-B, Line 1 THE ORGANIZATION INCURRED EXPENSES RELATING TO MEETING WITH LEGISLATORS, POLICY MAKERS, AND LEGISLATIVE STAFF. THESE CONTACTS ENTAILED EMPLOYING THE SERVICES OF OUTSIDE LOBBYISTS AS WELL AS USING INTERNAL STAFF TO PREPARE TALKING POINTS AND OTHER COMMUNICATIONS TO LEGISLATORS AND POLICY MAKERS AS WELL AS ENLISTING PUBLIC SUPPORT FOR THE UNIVERSITY'S POSITION ON ISSUES. 84775 2116923 X X false false true X 692465964 14975035 67557303 7966865 23280375 9218992 734532070 739226249 12102614 -22742518 6729819 21996263 7394299 692465964 644498300 13677690 70964906 6222255 -21353653 5046045 739226249 599240855 7657597 78595177 6179520 27742512 7073297 644498300 741052668 8982106 -116223892 6075646 22767748 5726633 599240855 0.24350 0.74740 0.00910 true false 41872584 41872584 31964249 6380546 25583703 0 15773122 9475844 6297278 41852442 5461697 36390745 110144310 0 0 MARKETABLE ALTERNATIVES 143907273 F INVESTMENT IN PARTNERSHIPS 415715968 F MISCELLANEOUS INVESTMENTS 1474484 C EQUITY METHOD INVESTMENTS 5481181 F 566578906 OTHER ASSETS 630588 FUNDS HELD BY OTHERS 46749000 INTERCOMPANY RECEIVABLES 12945497 60325085 0 DUE TO UNIVERSITY OF LOUISVILLE 11631888 DEPOSITS 31675 ANNUITIES AND TRUSTS PAYABLE 4898731 DEFERRED COMPENSATION 6703213 OTHER LONG-TERM LIABILITIES 1296080 24561587 X Collections of art - description of collections Schedule D, Part III, Line 4 HISTORICAL COLLECTIONS INCLUDE RARE MATERIALS, SCULPTURES AND OTHER PIECES OF ART AND RARE BOOKS. Explanation of escrow agreement Schedule D, Part IV, Line 2b THE ORGANIZATION IS THE CUSTODIAN OF FUNDS OWNED BY THE UNIVERSITY OF LOUISVILLE ATHLETICS ASSOCIATION (THE ASSOCIATION). THE ASSOCIATION IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROMOTING THE INTERCOLLEGIATE ATHLETIC ACTIVITIES OF THE UNIVERSITY OF LOUISVILLE. THE ORGANIZATION SERVES IN AN AGENCY CAPACITY AND INVESTS FUNDS ON BEHALF OF THE ASSOCIATION BASED ON A FORMAL TRUST AGREEMENT. AS OF JUNE 30, 2013, THE ORGANIZATION HELD APPROXIMATELY $32.7 MILLION FOR THE ASSOCIATION'S INVESTMENT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2005, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH JEWISH HOSPITAL & ST. MARY'S HEALTHCARE, INC. (JEWISH HOSPITAL) WHEREBY THE ORGANIZATION SERVES IN AN AGENCY CAPACITY TO INVEST FUNDS ON BEHALF OF JEWISH HOSPITAL. JEWISH HOSPITAL IS A SEPARATE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING HEALTHCARE SERVICES. AS OF JUNE 30, 2013, THE ORGANIZATION HELD APPROXIMATELY $9.7 MILLION FOR JEWISH HOSPITAL'S INVESTMENT PURPOSES. DURING THE YEAR ENDED JUNE 30, 2011, THE ORGANIZATION WAS THE RECIPIENT OF ENDOWED FUNDS, THE INCOME OF WHICH SHALL BE USED IN SUPPORT OF THE LOUISVILLE ORCHESTRA. AS OF JUNE 30, 2013, THE ORGANIZATION HELD APPROXIMATELY $0.2 MILLION FOR THE BENEFIT OF THE LOUISVILLE ORCHESTRA. THE ORGANIZATION, ACTING IN AN AGENT CAPACITY, DOES NOT REFLECT EARNINGS ON INVESTMENTS HELD IN TRUST FOR OTHERS IN ITS REVENUES AS THESE EARNINGS ARE DISTRIBUTED TO THE OWNERS OF THE FUNDS. Intended uses of endowment funds Schedule D, Part V, Line 4 THE INTENDED USE OF THE UNIVERSITY OF LOUISVILLE FOUNDATION INC'S ENDOWMENTS FALL INTO 8 CATEGORIES: INSTRUCTION, RESEARCH, PUBLIC SERVICE, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, MAINTENANCE AND OPERATION OF PHYSICAL PLANT, AND STUDENT FINANCIAL AID. THE GREATEST AMOUNT OF FUNDS PROVIDED FOR SPENDING ARE FOR RESEARCH AND STUDENT FINANCIAL AID. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATION BY TAX AUTHORITIES PRIOR TO FISCAL YEAR 2010. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 138657030 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 477601 0 0 139134631 GRAWEMEYER AWARDS NORTH AMERICA (CANADA & MEXICO ONLY) 1 20000 WIRE TRANSFER GRAWEMEYER AWARDS EUROPE (INCLUDING ICELAND AND GREENLAND) 4 100000 WIRE TRANSFER GRAWEMEYER AWARDS EAST ASIA AND THE PACIFIC 1 40000 WIRE TRANSFER true false true true true false JULEP BALL 587086 263683 323403 1409 13400 154754 197540 165535 HATS FOR HOPE 97736 52887 44849 2623 26434 2263 0 684822 316570 368252 0 1409 16023 181188 197540 167798 563958 -195706 true UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE 530 S JACKSON ST LOUISVILLE KY 40202 611014882 501(C)(1) 7000 SUPPORT FOR UNIT LAB ADVOCATES CHILDREN'S HOSPITAL FOUNDATION 234 E GRAY STREET SUITE 450 LOUISVILLE KY 40202 616027530 501(C)(3) 5000 SPONSORSHIP MEDICAL INFORMATICS CORP 2211 MARONEAL ST HOUSTON TX 77030 273905165 N/A 15000 CARDINAL CHALLENGE PRIZE HISTORIC HOMES FOUNDATION INC 3110 LEXINGTON RD LOUISVILLE KY 40206 610549274 501(C)(3) 20000 SPONSORSHIP METRO UNITED WAY PO BOX 950148 LOUISVILLE KY 40295 610444680 501(C)(3) 10000 GENERAL SUPPORT 4 1 GRAWEMEYER AWARDS 19 500000 SCHOLARSHIPS 2378 9576531 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE ORGANIZATION HAS BEEN DESIGNATED BY THE UNIVERSITY OF LOUISVILLE TO RECEIVE FUNDS DERIVED FROM GIFTS AND OTHER SOURCES. AS GUIDED BY ITS BOARD OF DIRECTORS, THE ORGANIZATION TRANSFERS FUNDS TO THE UNIVERSITY IN SATISFACTION OF DONOR RESTRICTIONS. THESE TRANSFERS OCCUR VIA THE ORGANIZATION'S COST SHARING POLICY. COSTS CAN ORIGINATE WITH THE FUNDING OF SALARIES, RESEARCH GRANTS, SCHOLARSHIPS, ETC. IT IS THE RESPONSIBILITY OF THE ORGANIZATION TO VERIFY THAT THE COST SHARE EXPENSE IS ALLOWABLE BY THE ENDOWMENT OR GIFT PROGRAM AND THAT SUCH ENDOWMENT OR GIFT PROGRAM HAS SUFFICIENT FUNDS TO COVER THE TRANSFER. SPONSORED PROGRAMS IS THE AREA RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS AND ALL GOVERNMENT REPORTING. THE GRAWEMEYER AWARDS ARE AMONG THE WORLD'S MOST PRESTIGIOUS AWARDS PRESENTED TO INDIVIDUALS IN THE FIELDS OF EDUCATION, IDEAS IMPROVING WORLD ORDER, MUSIC COMPOSITION, RELIGION AND PSYCHOLOGY. H. CHARLES GRAWEMEYER CREATED THE AWARDS IN 1984 WITH AN INITIAL ENDOWMENT OF $9 MILLION AND SINCE THEN IT HAS DRAWN THOUSANDS OF NOMINATIONS FROM AROUND THE WORLD. GRAWEMEYER DISTINGUISHED THE AWARDS BY HONORING IDEAS RATHER THAN LIFE-LONG ACHIEVEMENTS. X X true true X X X false true false false false false false false false DR DONALD M MILLER 0 0 0 0 1707561 0 0 0 0 0 1707561 0 0 0 DR JAMES R RAMSEY 270260 0 0 0 2473312 0 520833 0 0 0 3264405 0 330357 0 DR SHIRLEY WILLIHNGANZ 45646 0 0 0 1879462 0 0 0 0 0 1925108 0 150000 0 KATHLEEN M SMITH 67430 45000 0 0 1334402 0 6859 0 4978 0 1413669 45000 120362 0 MICHAEL J CURTIN 37746 0 0 0 110660 0 3785 0 1537 0 153728 0 30000 0 RONALD KEVIN MILLER 0 0 0 0 219534 0 0 0 0 0 219534 0 0 0 THOMAS M JURICH 255915 0 0 0 0 0 0 0 0 0 255915 0 0 0 VICKIE YATES BROWN 306019 0 0 0 1974 0 25000 0 12516 0 345509 0 0 0 Tax indemnification and gross-up payments Schedule J, Part I, Line 1a DR. JAMES RAMSEY, DR. SHIRLEY WILLIHNGANZ, KATHLEEN SMITH, MICHAEL CURTIN, RONALD K. MILLER, AND DR. DONALD MILLER WERE PROVIDED TAX GROSS-UP PAYMENTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THESE GROSS-UPS WERE CALCULATED AND PAYABLE WHENEVER AS CONTRIBUTED UNDER THE PLAN WERE VESTED AND BECAME PAYABLE DURING 2012. ALL TAX GROSS-UPS WERE REPORTED AND TAXED ACCORDINGLY. ADDITIONALLY, DR. JAMES RAMSEY IS PROVIDED TAX GROSS-UPS RELATING TO PREMIUMS PAID BY THE ORGANIZATION FOR A LONG-TERM CARE INSURANCE BENEFIT AND A SUPPLEMENTAL DISABILITY INSURANCE BENEFIT. THESE GROSS-UPS ARE TAXED ACCORDINGLY. Health or social club dues or initiation fees Schedule J, Part I, Line 1a COUNTRY CLUB DUES ARE PAID ON BEHALF OF DR. JAMES RAMSEY. MEMBERSHIP IS PRIMARILY USED TO CONDUCT THE BUSINESS OF THE ORGANIZATION. LOGS ARE REQUIRED TO DETERMINE TAXABLE COMPENSATION FROM COUNTRY CLUB DUES IN THE EVENT THAT ANY OF THE USE IS PERSONAL. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b THE FOLLOWING AMOUNTS RELATING TO A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN VESTED DURING CALENDAR YEAR 2012: DR. JAMES RAMSEY - $2,358,546 DR. SHIRLEY WILLIHNGANZ - $1,768,457 DONALD MILLER - $1,707,561 KATHLEEN SMITH - $1,314,469 RONALD MILLER - $219,534 MICHAEL CURTIN - $108,674 THESE VESTED AMOUNTS REPRESENT COMPENSATION FOR LONGEVITY OF SERVICE TO THE FOUNDATION AND INCLUDE TAX GROSS-UPS WHERE APPLICABLE. IN ADDITION TO THE ABOVE, $520,833 IN DEFERRED COMPENSATION WAS ACCRUED BY THE FOUNDATION FOR DR. JAMES RAMSEY DURING THE YEAR AS PER HIS REVISED EMPLOYMENT AGREEMENT. THIS COMPENSATION VESTS IN INCREMENTS OF TWO YEARS OVER A TEN-YEAR PERIOD PROVIDED DR. RAMSEY REMAINS EMPLOYED BY THE ORGANIZATION ON THOSE VESTING DATES. REPORTABLE COMPENSATION SCHEDULE J, PART II AMOUNTS REPORTED ON PART VII AND ON SCHEDULE J INCLUDE COMPENSATION PAID BY THE FILING ENTITY ONLY AND DO NOT INCLUDE COMPENSATION PAID BY THE UNIVERSITY OF LOUISVILLE, WHICH IS NOT A CONTROLLING ENTITY AND IS UNRELATED TO THE FILING ORGANIZATION FOR FORM 990 REPORTING PURPOSES. X 35 509276 MARKET VALUE X 6752 MARKET VALUE X 47045 MARKET VALUE X 1 17000 MARKET VALUE X 1 11517 MARKET VALUE X 11 522 MARKET VALUE X 9 12985 MARKET VALUE X 2 8401 MARKET VALUE X EQUIPMENT 39 644462 MARKET VALUE X FURNITURE 6 25125 MARKET VALUE X GIFT CERTIFICATES 10 1156 MARKET VALUE X SOFTWARE 1 267000 MARKET VALUE X MUSICAL INSTRUMENTS 1 33000 MARKET VALUE X OTHER 31 36063 MARKET VALUE 0 false true true Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32b ON OCCASION THE FOUNDATION USES REAL ESTATE AGENTS TO SELL REAL PROPERTY AND PROFESSIONAL ART DEALERS TO SELL ARTWORK. COLUMN (B) NUMBER CONTRIBUTIONS SCHEDULE M, PART I ALL AMOUNTS IN COLUMN (B) REFLECT NUMBER OF CONTRIBUTIONS RATHER THAN NUMBER OF INDIVIDUAL ITEMS DONATED. Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 Number of contributions or items contributed. Schedule M, part I, column (b), Line 4 Number of contributions or items contributed. Schedule M, part I, column (b), Line 5 EMPLOYMENT TAX RETURNS FORM 990, PART V, LINE 2B THE ORGANIZATION'S COMMON PAYMASTER, THE UNIVERSITY OF LOUISVILLE, FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE ORGANIZATION. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a THE EXECUTIVE COMMITTEE CONSISTS OF FIVE INDIVIDUALS ALL OF WHOM ARE DIRECTORS OF THE UNIVERSITY OF LOUISVILLE FOUNDATION, INC. THE EXECUTIVE COMMITTEE MAY HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD, BUT MAY NOT HAVE THE AUTHORITY OF THE BOARD IN REFERENCE TO AMENDING, ALTERING, OR REPEALING THE ORGANIZATION'S BY-LAWS; ELECTING, ALTERING OR REMOVING ANY MEMBER OF THE EXECUTIVE COMMITTEE ITSELF NOR ANY DIRECTOR OR OFFICER OF THE ORGANIZATION; AMENDING OR RESTATING THE ARTICLES OF INCORPORATION; ADOPTING A PLAN OF MERGER, OR ADOPTING A PLAN OF CONSOLIDATION, WITH ANOTHER CORPORATION; AUTHORIZING THE SALE, LEASE, EXCHANGE OR MORTGAGE OF SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE ORGANIZATION; AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE ORGANIZATION OR REVOKING PROCEEDINGS THEREFOR; ADOPTING A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE ORGANIZATION OR AMENDING, ALTERING, OR REPEALING ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS PROVIDES THAT IT SHALL NOT BE AMENDED, ALTERED OR REPEALED BY SUCH COMMITTEE; OR DOING ANY OTHER ACT FORBIDDEN BY LAW OR BY THE ARTICLES OF INCORPORATION. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b UNIVERSITY OF LOUISVILLE FINANCE PERSONNEL AND AN OUTSIDE FIRM PREPARED THE RETURN. A COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. Conflict of interest policy Form 990, Part VI, Section B, Line 12c IF AN ITEM IS PRESENTED TO THE BOARD OF DIRECTORS (OR ANY OTHER POLICY BOARD) FOR ACTION, E.G., PURCHASE OF PROPERTY, MERGING WITH ANOTHER ENTITY, BUYING SERVICES, ETC., THE BOARD MEMBER WILL DISCLOSE HIS OR HER POSSIBLE CONFLICT OF INTEREST AND MUST RECUSE HIMSELF OR HERSELF FROM VOTING. THE BOARD MEMBER ALSO AVOIDS PARTICIPATING IN ANY DECISION OR ADVOCATING FOR ANY DECISION OF THE BOARD. IN SOME CIRCUMSTANCES, E.G., WHEN THE CONFLICT OF THE BOARD MEMBER PLACES THE BOARD MEMBER IN COMPETITION WITH THE UNIVERSITY, THE BOARD MEMBER WILL LEAVE THE BOARD MEETING DURING DISCUSSION OR UPDATE ON THE ACTION. BEFORE ANY MEETING OF THE VARIOUS BOARDS, AN AGENDA IS CIRCULATED TO EACH MEMBER OR DIRECTOR WITH DESCRIPTIONS OF THE ACTION ITEMS. THIS ALLOWS SUFFICIENT TIME FOR ANY BOARD MEMBER OR DIRECTOR TO ALERT THE BOARD ABOUT A POTENTIAL CONFLICT OF INTEREST. PAST PRACTICE INCLUDES WRITTEN DISCLOSURE BY THE BOARD MEMBER OUTLINING: (1) THAT A CONFLICT OF INTEREST MAY EXIST; (2) THE NATURE AND EXTENT OF THE CONFLICT; AND (3) THE DESCRIPTION AND POTENTIAL BENEFIT, DIRECT OR INDIRECT, TO THE MEMBER OF THE BOARD. THIS INFORMATION WILL BE SUPPLIED TO LEGAL COUNSEL AND THE ENTIRE BOARD AHEAD OF THE MEETING, AND A COPY OF THE INFORMATION WILL BE MAINTAINED IN THE BOARD MEMBER'S FILE. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL INVOLVED ALL OF THE FOLLOWING ELEMENTS: - DATA GATHERING AND ANALYSIS OF COMPENSATION AT COMPARABLY SIZED ORGANIZATIONS ALONG WITH BENCHMARKING AGAINST OTHER QUALIFIED OFFICIALS IN SIMILARLY SITUATED POSITIONS; - REVIEW AND APPROVAL BY AN INDEPENDENT PERSONNEL COMMITTEE; - REVIEW AND APPROVAL BY THE INDEPENDENT BOARD OF DIRECTORS OF THE ORGANIZATION PURSUANT TO FEEDBACK FROM THE PERSONNEL COMMITTEE; AND - CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DETERMINATION PROCESS BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS IN EACH BODY'S RESPECTIVE MINUTES. THE ABOVE PROCESS WAS USED IN 2012. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, FORMS 990, CONFLICT OF INTEREST POLICY, JOINT VENTURE POLICY, NON-RETALIATION POLICY, DOCUMENT INTEGRITY POLICY, AND WHISTLEBLOWER POLICY ARE AVAILABLE AT WWW.LOUISVILLEFOUNDATION.ORG. ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. REPORTABLE COMPENSATION FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (D) AMOUNTS REPORTED IN COLUMN (D) INCLUDE DEFERRED COMPENSATION FOR LONGEVITY OF SERVICE WHICH VESTED DURING CALENDAR YEAR 2012. Other Expenses Form 990, Part IX, Line 11g ALLOCATED SALARIES & BENEFITS OF UNIVERSITY EMPLOYEES - TOTAL EXPENSE: 42751532, PROGRAM SERVICE EXPENSE: 33030443, MANAGEMENT AND GENERAL EXPENSES: 2341762, FUNDRAISING EXPENSES: 7379327; CONSULTING - TOTAL EXPENSE: 2132586, PROGRAM SERVICE EXPENSE: 328255, MANAGEMENT AND GENERAL EXPENSES: 1452154, FUNDRAISING EXPENSES: 352177; OTHER SERVICES - TOTAL EXPENSE: 3974196, PROGRAM SERVICE EXPENSE: 2917717, MANAGEMENT AND GENERAL EXPENSES: 880178, FUNDRAISING EXPENSES: 176301; PRIOR PERIOD ADJUSTMENT FORM 990, PART XI, LINE 8 ADJUST NET ASSETS TO REMOVE AFFILIATED COMPANY LOAN ACTIVITY THAT WAS ERRONEOUSLY INCLUDED ON ORGANIZATION'S PRIOR YEAR FORM 990. 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