2014-02-14T15:36:21-06:00 2013-06-30 541631262 KEITERSTEPHENSHURSTGARY & SHREAVESPC PO BOX 32066 RICHMOND VA 232942066 990 2012-07-01 546053660 MEDICAL COLLEGE OF VA FOUNDATION MEDI 8048289734 P O BOX 980234 RICHMOND VA 232980234 JENNINGS D DAWSON III 8048289734 2014-02-14 1 JOHN E KENT P01076641 8047470000 2012 2015-11-30 17:44:51Z JENNINGS D DAWSON III P O BOX 980234 RICHMOND VA 232980234 275694113 0 X WWW.MCVFOUNDATION.ORG X 1949 VA THE MISSION OF THE MEDICAL COLLEGE OF VIRGINIA FOUNDATION IS TO INSPIRE AND STEWARD PHILANTHROPY THROUGHOUT THE MCV CAMPUS OF VIRGINIA COMMONWEALTH UNIVERSITY. 48 48 13 48 0 0 19896846 25854677 2571112 1744687 9460452 21673069 -4111208 4819180 27817202 54091613 29493050 31846453 0 0 1248688 1361208 0 0 881233 1938715 3456949 32680453 36664610 -4863251 17427003 410216126 444075283 16966777 19455254 393249349 424620029 X THE MISSION OF THE MEDICAL COLLEGE OF VIRGINIA FOUNDATION IS TO INSPIRE AND STEWARD PHILANTHROPY THROUGHOUT THE MCV CAMPUS OF VIRGINIA COMMONWEALTH UNIVERSITY. 0 0 4025825 4025825 TO AID, STRENGTHEN AND EXTEND WORK OF MCV MEDICAL CAMPUS OF VA COMMONWEALTH UNIVERSITY (FACULTY SALARIES PAID TO VCU). 25245487 25245487 EDUCATION, RESEARCH AND GENERAL EXPENSES FOR MCV CAMPUS OF VCU. 2035162 2035162 SCHOLARSHIPS AND AWARDS 539979 539979 EQUIPMENT, INDIGENT PATIENT CARE AND OTHER PROGRAM SERVICES. 539979 539979 31846453 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 183 0 1 13 1 0 0 0 0 0 1 1 0 0 0 0 X 48 48 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X X JENNINGS DAWSON 8048289734 1228 E BROAD ST RICHMOND VA 23298 RALPH L ANDERSON DDS 1.00 X 0 0 0 JOHN BECKNER RPH 1.00 X 0 0 0 KATHERINE C BOBBIT EDD 1.00 X 0 0 0 ROGER L BOEVE 1.00 X 0 0 0 AUSTIN BROCKENBROUGH III 1.00 X 0 0 0 LOUISE OLIVER BROOKS 1.00 X 0 0 0 CHARLES F BRYAN JR 1.00 X 0 0 0 THOMAS N CHEWNING 1.00 X 0 0 0 RICHARD M CLARY MD 1.00 X 0 0 0 JUDITH B COLLINS WHNP 1.00 X X 0 0 0 WILLIAM D COVINGTON DDS 1.00 X 0 0 0 CHARLES F CRONE 1.00 X X 0 0 0 NORWOOD H DAVIS JR 1.00 X 0 0 0 JOHN C DOSWELL II DDS 1.00 X X 0 0 0 ALICE T GOODWIN 1.00 X X 0 0 0 J WILLIAM GRAY JR ESQ 1.00 X X 0 0 0 L PRESTON HALE 1.00 X 0 0 0 JOANNE K HENRY EDD 1.00 X 0 0 0 BASIL LEONARD HURST III 1.00 X 0 0 0 GAIL W JOHNSON RN 1.00 X X 0 0 0 BARRY V KIRKPATRICK MD 1.00 X 0 0 0 LEE B KRUMBEIN 1.00 X X 0 0 0 JOHN W MARTIN 1.00 X 0 0 0 RONALD H MCFARLANE 1.00 X 0 0 0 DOROTHY A PAULEY 1.00 X 0 0 0 REBECCA T PERDUE 1.00 X 0 0 0 W BAXTER PERKINSON JR DDS 1.00 X 0 0 0 JAMES H REVERE DDS 1.00 X 0 0 0 RANDOLPH N REYNOLDS SR 1.00 X 0 0 0 JAMES C ROBERTS ESQ 1.00 X X 0 0 0 BERTHA C ROLFE RPH 1.00 X 0 0 0 TK SOMANATH 1.00 X 0 0 0 JAMES H STARKEY III 1.00 X 0 0 0 JOSEPH M TEEFEY 1.00 X 0 0 0 HARRY R THALHIMER 1.00 X 0 0 0 BRUCE V THOMAS 1.00 X 0 0 0 RICHARD P WENZEL MD MSC 1.00 X 0 0 0 MICHELLE WHITEHURST-COOK MD 1.00 X 0 0 0 HENRY L WILTON 1.00 X 0 0 0 DIANNE HARRIS WRIGHT 1.00 X 0 0 0 ANN PARKER GOTTWALD 1.00 X 0 0 0 JEFFREY H GUMENICK 1.00 X 0 0 0 DARIUS A JOHNSON 1.00 X 0 0 0 DAVID A LYONS 1.00 X 0 0 0 JOHN F PHILIPS DDS 1.00 X 0 0 0 GEORGE W VETROVEC 1.00 X 0 0 0 HAROLD F YOUNG 1.00 X 0 0 0 LATONYA MALLORY 1.00 X 0 0 0 WILLIAM P KOTTI 40.00 X 265334 0 26776 JENNINGS D DAWSON III 40.00 X 153905 0 18409 BRIAN S THOMAS 40.00 X 162189 0 20000 581428 0 65185 3 0 1 0 LOWE BROCKENBROUGH & CO INC 1802 BAYBERRY COURT SUITE 400 RICHMOND VA 23226 INVESTMENT MANAGEMENT 524935 SUNTRUST BANK 919 EAST MAIN STREET HDQ 2102 RICHMOND VA 23219 INVESTMENT MANAGEMENT 227380 RICHMOND CAPITAL MANAGEMENT 10800 MIDLOTHIAN TURNPIKE SUITE 21 RICHMOND VA 23235 INVESTMENT MANAGEMENT 115445 3 25854677 2768561 25854677 SEE SCHEDULE O 900099 1744687 1744687 1744687 6109166 6109166 237166403 221602500 15563903 15563903 15563903 INCOME FROM PASSTHROUGH ENTITIES 900099 4819180 4819180 4819180 54091613 1744687 0 26492249 31846453 31846453 432999 280221 152778 688760 284430 404330 75542 45426 30116 94525 60075 34450 69382 39427 29955 26679 26679 32662 32662 2553566 2553566 5532 5532 79760 79760 18960 7624 11336 20854 18230 2624 25094 25094 7698 967 6731 65295 16798 48497 432422 432422 53381 53381 21242 21242 PRINTING & PUBLICATIONS 53801 53801 EQUIPMENT RENTAL AND MA 25250 14773 10477 TELEPHONE 16933 6212 10721 MISCELLANEOUS 12163 12163 5657 5657 36664610 31846453 3936924 881233 5332731 15122397 19473175 16945249 819888 840730 1241 20154 2288255 802169 1539467 1486086 375900386 400528935 7149238 9131732 410216126 444075283 385435 444749 6826342 7768823 9755000 11241682 16966777 19455254 X 41325036 47954492 171244139 170186804 180680174 206478733 393249349 424620029 410216126 444075283 X 17427003 19469466 -5525789 X X 0 1 X 1 0 X 26170355 20142326 44742749 19896846 25854677 136806953 26170355 20142326 44742749 19896846 25854677 136806953 15787472 121019481 7256375 6378205 6026891 7387244 11884340 38933055 175740008 9600405 0.68860 0.79850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 206322936 10833796 20663326 2427578 235392480 203639912 7786911 291757 5395644 206322936 168597703 4498979 38981040 8437810 203639912 148854986 4986822 19242705 4486810 168597703 184904298 7376485 -45274699 -1848902 148854986 0.12280 0.87720 0.00000 0 0 217000 217000 1664454 417151 1247303 406801 385018 21783 1486086 EQUITIES - LARGE CAP 84353459 F EQUITIES - SMALL CAP & PREFERRED 9018414 F CORPORATE BONDS 30581938 F EQUITIES - INTERNATIONAL 7686085 F U.S. GOVERNMENT 71191392 F ALTERNATIVE IMVESTMENTS - HEDGED FUNDS 136927644 F ALTERNATIVE IMVESTMENTS - EMERGING MARKETS, INTERNATIONAL & REAL ESTATE 60770003 F 400528935 DEBT SERVICE OBLIGATION 9180000 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 2061682 11241682 X 65481723 19469466 -706609 18762857 46718866 2553567 4819180 7372747 54091613 34111044 0 34111044 2553566 2553566 36664610 PART IV, LINE 2B: AGENCY LIABILITIES: THE FOUNDATION ACTS AS AN AGENT TO INVEST ENDOWMENT FUNDS OF TWO OF ITS AFFILIATE ENTITIES WITH ONE OF THE FOUNDATION'S INVESTMENT MANAGERS. THROUGH THIS AGENCY TRANSACTION, THE FOUNDATION IS ABLE TO PROVIDE ACCESS TO INVESTMENTS FOR ITS AFFILIATE ENTITIES THAT THEY MAY NOT OTHERWISE BE ABLE TO OBTAIN. SCHEDULE D, PART X, LINE 1(2) - DEBT SERVICE OBLIGATION: THE FOUNDATION SERVICES A DEBT OBLIGATION WITH VCU ON BEHALF OF MASSEY CANCER CENTER SCHEDULE D, PART X, LINE 1(3) - OBLIGATION UNDER SPILT-INTEREST AGREEMENTS: THE FOUNDATION SERVICES OBLIGATIONS TO DONORS UNDER SPLIT-INTEREST AGREEMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE SURROUNDING UNCERTAIN INCOME TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO SIGNIFICANT FINANCIAL STATEMENT EXPOSURE TO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2013. THE FOUNDATION'S INFORMATION RETURNS FOR YEARS SINCE 2010 REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS -706,609. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME FROM PASSTHROUGH ENTITY 4,819,180. 1 VCU-MEDICAL COLLEGE OF VA CAMPUS P O BOX 980010 RICHMOND VA 23298 546001758 501(C)(3) 31846453 TO AID, STRENGTHEN AND EXTEND WORK OF MCV MEDICAL CAMPUS OF VA COMMONWEALTH UNIVERSITY (FACULTY SALARIES PAID TO VCU). EDUCATION, RESEARCH AND GENERAL EXPENSES FOR MCV CAMPUS OF VCU AND SCHOLARSHIPS AND AWARDS. 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE MEDICAL COLLEGE OF VIRGINIA FOUNDATION PAYS VCU-MEDICAL COLLEGE OF VA CAMPUS FOR EXPENSES THEY HAVE PREVIOUSLY INCURRED FOR THE PURPOSE OF SPECIFIC FUNDS. EACH FUND IS MONITORED BY A SCHOOL ON THE VCU MEDICAL COLLEGE OF VA CAMPUS AND HAS A FISCAL ADMINISTRATOR THAT AUTHORIZES PAYMENT OUT OF THE FUND. EACH FUND MUST BE AUTHORIZED BY THE APPROPRIATE PERSON IN THE SCHOOL AND THE DISBURSEMENT MUST BE FOR THE INTENDED PURPOSE OF THE FUND. IF THE EXPENSE TO BE REIMBURSED DOES NOT MEET THE CRITERIA OF THE FUND, THE MCV FOUNDATION RESERVES THE RIGHT TO DENY REIMBURSEMENT TO VCU. X X X X 0 0 0 0 0 0 0 0 0 WILLIAM P KOTTI 255734 0 0 0 9600 0 19579 0 7197 0 292110 0 0 0 JENNINGS D DAWSON III 153905 0 0 0 0 0 11910 0 6499 0 172314 0 0 0 BRIAN S THOMAS 162189 0 0 0 0 0 13174 0 6826 0 182189 0 0 0 X 128 2766369 NYSE X MISCELLANEOUS 5 2192 FMV 0 1 0 THIRD PARTY USE: PART I, LINE 32B: AS AN AFFILIATED ENTITY OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), MEDICAL COLLEGE OF VIRGINIA FOUNDATION FOLLOWS THE GIFT ACCEPTANCE POLICIES OF VCU. FORM 990, PART VI, SECTION A, LINE 2 INDIVIDUALS NAME JUDITH COLLINS - TRUSTEE INDIVIDUALS NAME JOSEPH TEEFEY - TRUSTEE EXPLANATION OF RELATIONSHIP SPOUSES FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, THE CONTROLLER AND THE PRESIDENT. THE FOUNDATION POSTS THE 990 ON ITS WEBSITE UNDER A LINK SPECIFICALLY FOR BOARD MEMBERS. THE 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.COM. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES EACH MEMBER OF THE BOARD TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH FISCAL YEAR. THESE ARE REVIEWED BY MANAGEMENT AND ANY DISCREPANCIES ARE ADDRESSED WITH THE INDIVIDUAL IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES ANNUAL PERFORMANCE EVALUATIONS ON EMPLOYEES. THE ROBERT HALF ACCOUNTING AND FINANCE GUIDES, ALONG WITH OTHER RELEVANT INDUSTRY SOURCES, ARE USED AS BENCHMARKS FOR SETTING EMPLOYEE SALARIES. THE FINAL SALARY AMOUNTS ARE BASED ON THE EMPLOYEE'S PERFORMANCE DURING THE YEAR AND THEN APPROVED BY THE PRESIDENT AND THE CHAIR OF THE BOARD OF TRUSTEES. THE SALARY AMOUNT OF THE PRESIDENT IS DETERMINED AFTER A FORMAL REVIEW PROCESS CONDUCTED BY THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE BOARD OF TRUSTEES. THE PROCESS INCLUDES BENCHMARKING AGAINST INDUSTRY DATA. FORM 990, PART VI, SECTION C, LINE 19 MCV FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE - INCOME FROM PASSTHROUGH ENTITY -4,819,180. CHANGE IN SPLIT INTEREST AGREEMENTS -706,609. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED. FORM 990, PART VIII, LINE 2(A): PROGRAM SERVICE REVENUE ON LINE 2(A) INCLUDES EDUCATION PROGRAMS, LECTURES, SEMINARS, CRITICAL CARE CLASSES FOR THE TRAUMA UNIT AND FEES ASSESSED ON CURRENT FUNDS.