2014-05-14T11:23:26-05:00 2013-06-30 ERNST & YOUNG US LLP 55 IVAN ALLEN BLVD SUITE 1000 ATLANTA GA 30308 990 2012-07-01 590879015 University of South Florida Foundation % ROBERT FISCHMAN UNIV 8139741801 4202 East Fowler Avenue Suite ALC 100 Tampa FL 33620 ROBERT FISCHMAN 2014-05-14 4048748300 2012 2015-11-30 17:44:51Z Joel Momberg 4202 East Fowler Ave ALC 100 Tampa FL 33620 312231701 false X http://giving.usf.edu/ X 1960 FL To accept, invest and distribute private gifts in support of the university of south florida. 46 37 0 725 -23964 -65889 53054677 63109022 1243225 1641292 21695515 24543626 4534715 4570822 80528132 93864762 66030514 69648466 0 0 612299 1215773 445147 521983 2975396 10768309 9688479 77856269 81074701 2671863 12790061 494819223 531448953 33573013 30934084 461246210 500514869 X THE FOUNDATION SERVES AS THE OFFICIAL LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY OF SOUTH FLORIDA WHICH INCLUDES THE COLLEGES, CAMPUSES, HEALTH, ATHLETICS, AND OTHER APPROPRIATE UNIVERSITY-RELATED UNITS. SUPPORT IS GIVEN TO USF BY PROVIDING FUNDING FOR THE ENDOWED CHAIRS, GRANTS, AND STUDENT SCHOLARSHIPS AMONG OTHER ACTIVITIES. false false 71546909 69648466 5910413 The Foundation serves as the official legal conduit for the acceptance, investment, and distribution of private gifts in support of the activities and programs of the University of South Florida which includes the Colleges, Campuses, Health, Athletics, and other appropriate University-related units. Support is given to USF by providing funding for the endowed chairs, grants, and student scholarships among other activities. 71546909 true true false true false false false true false true true true false false true true true false false true true true true true true false false true false true false false false false false false false true true true false false false true false false false true 186 0 true 0 true true true AS BE BR CA GM SN UK false false false true true true 1 false false true false X 46 37 false false false false true false false true true false false true true true true true true true true false X X ROBERT FISCHMAN 8139741801 4202 E FOWLER AVE Tampa FL 33620 X Gordon L Gillette 5.0 X X Linda O Simmons 5.0 X X Alan C Bomstein 5.0 X X Oscar J Horton 5.0 X X Joe P Teague 5.0 X X George Morgan 1.0 X Leslie M Muma 1.0 X Stephanie Holmquist-Johnson 1.0 X Don A Aripoli 1.0 X Charles R Baumann 1.0 X Franklin N Biggins 1.0 X Shaukat H Chowdhari 1.0 X Cornelia G Corbett 1.0 X TJ Couch 1.0 X Mark Fernandez 1.0 X Keri A Gawrych 1.0 X Judy L Genshaft 5.0 35.0 X 0 535077 26995 Herbert Gimelstob 1.0 X Richard Gonzmart 1.0 X John C Greer 1.0 X Pam Iorio 1.0 X Karen Tilman-Gosselin 1.0 X Tina P Johnson 1.0 X Brian P Keenan 1.0 X Thomas R Kennedy 1.0 X Victor P Leavengood 1.0 X Ann Liguori 1.0 X John Long 5.0 35.0 X 0 248599 17040 Linda D Marcelli 1.0 X Ray E Newton 1.0 X Betty Otter-Nickerson 1.0 X Carole F Philipson 1.0 X Frank J Rief III 1.0 X Paul R Sanberg 5.0 35.0 X 450374 37000 Nancy M Schneid 1.0 X Geoffrey A Simon 1.0 X John T Sinnott 5.0 35.0 X 0 132862 19554 Richard Smith 1.0 X Charles F Touchton 1.0 X David Touchton 5.0 X 0 137045 10571 Ralph C Wilcox 5.0 35.0 X 0 360498 28582 Jose Valiente 1.0 X Joel Momberg 40.0 X X 0 537627 35957 Kimberly Choto-Schmidt 1.0 X Tod Leiweke 1.0 X Valerie Riddle 1.0 X Robert Fischman 40.0 X 0 171730 24530 Noreen E Segrest 40.0 X 0 191614 25700 Steven Blair 40.0 X 2384 212353 27134 Rodney Grabowski 40.0 X 0 230906 28024 Deborah Lee Williams 40.0 X 0 193362 25535 Julie Gillespie 40.0 X 0 136391 19463 Vicki Mitchell 40.0 X 0 134939 12611 Ron Sherman 40.0 X 0 106759 17978 Kelly Ritrievi 40.0 X 0 116658 13933 Ruth Bannhard 40.0 X 0 103201 18185 2384 3999995 388792 0 false true true National Public Radio Inc PO Box 79540 BALTIMORE MD 21279 Programming Fees 742117 INTO USA LLC 28650 Via D Arezzo Drive BONITA SPRINGS FL 34135 Recruiting Fees 294814 Ruffalo Cody Associates PO Box 3018 CEDAR RAPIDS IA 52406 Fundraising Expense 311690 Public Broadcasting Service 14400 Collections Center Drive CHICAGO IL 60693 NATL PROGRAMMING SRV 205187 American Public Media P O Box 64623 FARGO ND 58106 Programming fees 166555 7 X 580990 62528032 29620748 63109022 PUBLIC BROADCASTING SPONSORSHIPS 515111 1550697 1550697 RENTAL INCOME 531110 46378 4150 42228 MEMBERSHIP DUES 813410 44217 44217 1641292 9825774 -66192 9891966 0 0 0 0 0 232569998 217852146 14717852 14717852 14717852 816494 580990 514793 301701 301701 0 0 RELATED ORGANIZATION SUPPORT 900099 3683269 3683269 ATHLETIC 80/20 REVENUE 713990 308437 308437 ALL OTHER REVENUE 900099 277415 277415 4269121 93864762 5868185 -23964 24911519 X 69516398 69516398 0 132068 132068 0 1215773 559347 309177 347249 0 0 0 0 0 0 24524 24524 126700 126700 425351 425351 521983 521983 3183268 3183268 108246 108246 0 344058 135080 208978 0 0 0 324063 107833 216230 0 96284 50349 45935 0 0 21997 21995 2 72526 72526 EMPLOYEE LEASING EXPENSE 2851780 1496778 1355002 BAD DEBT EXPENSE 1317101 1317101 INVESTMENT EXPENSES 332768 332768 COMMUNITY RELATIONS 256721 89171 167550 203092 198869 4223 81074701 71546909 6552396 2975396 X 0 0 990844 1564011 42363528 47783737 414870 592328 0 0 0 0 0 0 0 0 0 0 2130600 947651 1204946 1182949 381428598 406901483 64689577 69178353 0 0 0 0 3726860 4246092 494819223 531448953 8656647 9071293 6189142 583074 0 0 0 0 0 0 0 0 0 0 0 0 18727224 21279717 33573013 30934084 X 2468723 13694485 144342132 160644183 314435355 326176201 461246210 500514869 494819223 531448953 12790061 26478598 X false true X true false X 42379683 37270262 76547593 53054677 63109022 272361237 0 300000 300000 300000 300000 300000 1500000 42679683 37570262 76847593 53354677 63409022 273861237 85772975 188088262 11531119 12607182 11818429 9823960 9891966 55672656 0 0 99526 0 0 99526 5008387 6760688 5743528 5401209 5085615 27999427 357632846 7333245 0.52593 0.58854 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 425351 false false 425351 false Explanation for other lobbying activities Schedule C, Part II-B, line G $9,251 was expended in general support of the University of South Florida Office of Government Relations during the 2012-2013 Florida State legislative session. A fee of $416,100 including expenses was paid to management consultant firms. All monies were expended to support the interests of the University of South Florida; no monies were paid in support of or in opposition to any candidate for political office. 510347 3203084 X X X X false 357302326 9292525 48198002 14995947 1089647 7034609 391672650 371063605 8774042 34004 15321160 0 7248165 357302326 313232785 8439335 72955589 15325783 1069321 7169000 371063605 287137931 8273844 40339187 15421137 0 7097040 313232785 379527648 11931482 -73531956 17550782 6281457 6957004 287137931 0.02280 0.97720 true false 685345 388825 1074170 633036 527529 105507 283576 280304 3272 139818 139818 1182949 ADAMS STREET PARTNERS, LLC 28736677 F OAKTREE CAPITAL MGMT., LLC 18162089 F COMMONFUND CAPITAL, INC. 10396236 F METROPOLITAN REAL EST MGMT LLC 6834547 F FLAG CAPITAL MANAGEMENT, LLC 5048804 F 69178353 0 AMOUNTS DUE TO THIRD PARTY BNF 20850550 ANNUITIES AND LIFE INCME TRSTS 429167 21279717 X 116827322 26478598 26478598 90348724 3516038 3516038 93864762 77558663 77558663 3516038 3516038 81074701 Description of Books and Art Objects Schedule D, Part III, Line 1A and Line 4 It is the concerted mission of the University of South Florida Contemporary Art Museum to achieve a bold, creative environment for the enrichment and intellectual growth of students, faculty of the University (on the Tampa and regional campuses), the Tampa Bay community and beyond. The Contemporary Art Museum provides opportunities for innovative and experimental teaching and research. The Contemporary Art Museum will expand, house, manage, preserve, conserve, and exhibit the University's art collections. The Contemporary Art Museum initiates and develops interdisciplinary programs in keeping with its mission. The Contemporary Art Museum provides the leadership for public art projects and major acquisitions of art on the USF campuses and catalogues, manages, and oversees their care and preservation. The USF Contemporary Art Museum maintains and manages a permanent collection of contemporary art. As the legal conduit for the raising, acceptance, investment and distribution of all private gifts made to the University of South Florida, donations of works to the Contemporary Art Museum permanent collection are the fiduciary responsibility of the University of South Florida Foundation. Intended uses of endowment funds Schedule D, Part V, Line 4 The Foundation endowment consists of approximately 900 individual funds established for a variety of purposes in support of the mission of the University of South Florida including: scholarships, fellowships, endowed chairs, professorships, facility improvement and equipment, research, etc. The endowment includes both donor-restricted endowment funds and funds held on behalf of the Universitys Direct Support Organizations (DSO) to function as endowments. Net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. The Foundation classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time of the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the organization in a manner consistent with the standard of prudence prescribed by the Florida Uniform Management of Institutional Funds Act. The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain purchasing power of the endowment assets. ASC 740 Footnote Schedule D, Part X, line 2 The Foundation has been granted tax-exempt status under Section 501(a) as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Income earned in furtherance of the Foundations tax-exempt purposes is exempt from federal and state income taxes. The Foundation adopted the provisions of the Accounting Standards Codification No. 740-10-25 (ASC 750-10-25), Accounting for Uncertainty in Income Taxes, effective July 1, 2007. ASC 740-10-25 clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. ASC 740-10-25 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Foundation determined that during the years ended June 30, 2013 and 2012, the impact of ASC 740-10-25 did not have a material effect on its financial position, activities, or cash flows. true North America Program Services See Sch F, Part V 6315 Central America and the Caribbean Program Services See Sch F, Part V 3419 East Asia and the Pacific Program Services See Sch F, Part V 19138 Europe (Including Iceland and Greenland) 1 Program Services See Sch F, Part V 78115 Middle East and North Africa Program Services See Sch F, Part V 3593 South America Program Services See Sch F, Part V 4000 South Asia 1 Program Services See Sch F, Part V 157376 Sub-Saharan Africa Program Services See Sch F, Part V 14437 North America Investments 220229 East Asia and the Pacific Investments 332912 Europe (Including Iceland and Greenland) Investments 595712 South America Investments 89255 2 2 1524501 1524501 South Asia See Schedule F, Part V 103371 WIRETRANSFER 0 1 See Schedule F, Part V Europe (Including Iceland and Greenland) 1 28697 WIRETRANSFER true false true true true false Organization's Procedures for Monitoring Use of Grant Funds Outside the US Schedule F, Part I, Line 2 Foundation foreign program expenses consisted of two types. The first is travel expenses incurred by University employees for program service activities conducted outside of the United States. The Foundation's process for monitoring these expenses includes coding these types of expenses appropriately through the normal check disbursement process. The second relates to the USF BRIT program. The Foundation maintains a contract with a UK citizen living outside of the US to function as the London administrator of the University of South Florida British International Theatre (BRIT) program. The administrator is paid a fee for identifying and engaging artists for the program. To expedite the process of contracting guest artists from the United Kingdom, the Foundation also provides advanced funding to the administrator. The Foundation receives a financial report with supporting documentation (receipts) for all expenditures within ninety (90) days of the conclusion of the BRIT program annual event. Any difference will be returned to the Foundation or paid to the administrator as appropriate. Description of program services Schedule F, Part I, Line 7(E) and Part II (d) Sannam S4 delivers consulting services to support USF in achieving its international outreach with a particular focus on brand building, identification of strategic partners for research, teaching, collaborations and student exchange in India. Description of program services Schedule F, Part I, Line 4(E) and Part III (A) The USF BRIT Program strives to bring the best of both classical and contemporary approaches of British Theatre to the students in the USF School of Theatre and Dance and to audiences in Tampa, Florida. Expenses are incurred in Europe to locate and engage professional directors and choreographers, leading voice and speech experts and top rate designers. These experts have brought their knowledge and experience in British classical theatre and contemporary cutting edge theatre to the students at USF in the form of hands on master classes and workshops. Program service expenses were also incurred for various travel related expenses. These expenses were incurred to support related educational, research, and service activities of USF in accordance with the mission of the Foundation. X X X X X X X true Ruffalo Cody and Associates PO Box 3018 Cedar Rapids IA 52406 Annual Giving false 605724 521983 83741 605724 521983 83741 AL AR CT DE FL GA HI ID IN IA KS LA MS MO MT NE NV NM NC ND PA RI SD TN TX VT VA WV WY Acct Cirlce 183381 30100 153281 35909 16683 Bull Fest 201823 22250 179573 39178 79 1012280 528640 483640 34903 261654 53424 73042 1397484 580990 816494 34903 297563 53424 128903 514793 301701 Distinguishing Pymts for Prof. Fundraising Services from Exp Pymt or Reimb Schedule G, Part I, Col v The Foundation has contracted with a telemarketing service provider, Ruffalo Cody, in order to manage a year-round, on campus telephone fundraising program. Payments are made based on this contract, and its agreed upon annual completed call rate. The Foundation has the right to terminate this agreement at any time and any reason upon sixty days written notice to the other party. Fundraising Activities Schedule G, Part II Form 990 reporting requires contributions from fundraising events be reported on Line 1, Part VIII; therefore, Line 2, Part II, Schedule G subtracts contributions from fundraising receipts. This results in a Gain of $301,701 from the fundraising events on Line 11, Schedule G with the $580,990 of contributions reflected on Line 1, Part VIII. true University of South Florida 4202 E Fowler Ave Tampa FL 33620 593102112 Govrmnt Entity 68825098 Academic & Student Support Alumni Association 4202 E Fowler Ave Tampa FL 33620 237357236 501(C)(3) 691300 Alumni Program Support 2 0 Description of Organization's Procedures for Monitoring the Use of Grants Schedule I, Part I, Line 2 GRANT EXPENSES ARE AMOUNTS TRANSFERRED DIRECTLY TO OR PAID ON BEHALF OF THE UNIVERSITY OR THE USF ALUMNI ASSOCIATION IN ACCORDANCE WITH DONOR RESTRICTIONS. ALL EXPENSES RELATED TO THE USE OF THESE FUNDS ARE REVIEWED BY THE FOUNDATION BEFORE THEY ARE DISBURSED TO ENSURE THAT THE EXPENSES ARE BEING USED IN CONJUNCTION WITH FOUNDATION POLICIES MADE AVAILABLE TO THE UNIVERSITY THROUGH A PUBLIC WEBSITE. ALSO, THE FOUNDATION HOLDS PERIODIC TRAININGS IN ORDER TO FURTHER ENSURE THAT EXPENDITURES ARE IN ACCORDANCE WITH THEIR DONOR-IMPOSED PURPOSES AND IRS REGULATIONS. X X X true true X X X X X X false false false false false false false false false Judy L Genshaft 0 464049 0 0 0 71028 0 14180 0 12815 0 562072 0 0 John Long 0 247579 0 0 0 1020 0 16885 0 155 0 265639 0 0 Paul R Sanberg 376774 71980 1620 24185 12815 487374 0 John T Sinnott 0 131422 0 0 0 1440 0 6739 0 12815 0 152416 0 0 Ralph C Wilcox 0 349616 0 0 0 10882 0 15767 0 12815 0 389080 0 0 Joel Momberg 0 527030 0 0 0 10597 0 21342 0 14615 0 573584 0 0 Robert Fischman 0 170710 0 0 0 1020 0 11715 0 12815 0 196260 0 0 Noreen E Segrest 0 183944 0 0 0 7670 0 12885 0 12815 0 217314 0 0 Steven Blair 0 202117 0 0 2384 10236 0 14319 0 12815 2384 239487 0 0 Rodney Grabowski 0 221249 0 0 0 9657 0 15209 0 12815 0 258930 0 0 Deborah Lee Williams 0 183570 0 0 0 9792 0 12720 0 12815 0 218897 0 0 Julie Gillespie 0 128771 0 0 0 7620 0 6648 0 12815 0 155854 0 0 Supplemental Compensation Information Schedule J Employees of the University perform operating functions for the Foundation. The University tracks, administers, and reports all payroll and fringe benefit costs. The Foundation transfers funds to the University for these costs. The amount funded by the Foundation to the University was approximately $3,508,000 for the year ended June 30, 2013. Supplemental Compensation Information Schedule J, Line 1A The Foundation paid for first-class or charter travel for the following employee listed on Part VII: * Judy L. Genshaft, President, University of South Florida The first-class or charter travel expenses incurred were for a bona fide business purpose and thus not included in the taxable compensation of this individual. The Foundation paid travel expenses for the spouses of the following employees listed on Part VII: * Joel Momberg, Sr. Vice President, University Advancement and CEO, USF Foundation * Rodney Grabowski, Sr. Associate Vice President & Campaign Director, University Advancement. The travel expenses incurred by the employees spouses were for a bona fide business purpose and thus not included in the taxable compensation of these individuals. The Foundation paid social club dues or initiation fees, specifically for fundraising purposes for the following individuals listed on Part VII: * Joel Momberg, Sr. Vice President, University Advancement and CEO, USF Foundation * Judy L. Genshaft, President, University of South Florida * Ralph C. Wilcox, Executive VP and Provost, University of South Florida * Steve Blair, Associate Vice President, USF Health Development * Rodney Grabowski, Sr. Associate Vice President & Campaign Director, University Advancement * Deborah Lee Williams, Associate Vice President, Constituent Development The full amount of these payments is included in the individuals taxable compensation. Supplemental Compensation Information Schedule J, Part II, Line B(iii) Included in other reportable compensation for Steve Blair is $2,384 in unrelated compensation from USF College of Medicine Academic Support Fund. This compensation was a reimbursement for insurance related expenses. SUNTRUST BANK SEE PART V 36736 BANK SERVICES false TECO ENERGY FOUNDATION SEE PART V 161469 PAYMENT FOR SUITE USE false Business Transactions Involving Interested Persons Schedule L, Part IV Keri A. Gawrych is an Executive Vice President for SunTrust Bank. Ms. Gawrych also serves as a member of the USF Foundation Board of Directors. SunTrust bank provides the USF Foundation with banking and trust services costing $25,725 and $11,011 respectively in fiscal year 2013. The Foundation selects its provider through a request for proposal process every 5 -7 years or as the needs of the Foundation change. This relationship was negotiated at arm's length through the normal course of business. Gordon L. Gillette is President of Tampa Electric & Peoples Gas (TECO). Mr. Gillette also serves as Chairman on the USF Foundation Board of Directors. The Foundation paid $161,469 to TECO Energy Foundation, Inc. for use of its suite in Raymond James Stadium during USF football home games. The suite was used for donor cultivation and stewardship. CONFLICTS OF INTEREST PROCEDURES WERE FOLLOWED IN ALL BOARD ACTIONS REGARDING THESE MATTERS. X 4 19000 Opinions of Experts X 28064 Sale Comparable Prpt X 4079 Sale Comparable Prpt X 1 19750 Cost / Selling Price X 2 86920 Cost / Selling Price X 2 600000 Cost / Selling Price X 3 89685 Opinions of Experts X 2 5001 Opinions of Experts X Miscellaneous 17 71347 Sale Comparable Prpt X Construction materials 3 31566 Cost / Selling Price X Office supplies & Equipment 9 940212 Cost / Selling Price X Information technology 11 27725124 Cost / Selling Price 6 false true true Use of third-party to sell non cash contributions Schedule M, Line 32b The Foundation uses a third party auctioneer service to sell donated items that it does not intend to keep in its permanent collection (like jewelry), or have an internal use for (like a vehicle). After the auctioneer finds a wiling buyer, the Foundation receives the proceeds of these transactions minus a service fee. The USF Foundation utilizes Charitable Auto Resources (CARS) as a service provider for the facilitation of the WUSF Public Broadcasting division of the University of South Florida vehicle donation program. CARS acts as an authorized agent to process donated vehicles and provides written substantiation of donations to donors including appropriate tax forms. CARS retains a portion of the net vehicle donation program proceeds and distributes the remainder to the USF Foundation to benefit WUSF public broadcasting. EMPLOYEE COMPENSATION REPORTING FORM 990, PARTS IV AND VIII-X AS REPORTED ON FORM 990, PART I, LINE 5, THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION ("FOUNDATION") DOES NOT HAVE EMPLOYEES. HOWEVER, USFF SHARES THE COST OF PERSONNEL, SERVICES, FACILITIES, AND EXPENSES WITH THE UNIVERSITY OF SOUTH FLORIDA ("UNIVERSITY"), A RELATED ORGANIZATION. THE COSTS OF THESE SERVICES ARE ALLOCATED TO USFF ON VARIOUS LINES OF PARTS VIII-X OF THIS RETURN. DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 THE FOUNDATION IS ESTABLISHED PURSUANT TO SECTION 1004.28 FLORIDA STATUTES, AS A DIRECT-SUPPORT ORGANIZATION OF THE UNIVERSITY OF SOUTH FLORIDA. THE GENERAL NATURE OF THE FOUNDATION IS TO PROVIDE PHILANTHROPIC SUPPORT; IN THE FORM OF MONEY AND OTHER FORMS OF PROPERTY AND SERVICES TO THE UNIVERSITY OF SOUTH FLORIDA SYSTEM ("UNIVERSITY SYSTEM") AND PERSONS, ASSOCIATIONS AND CORPORATIONS ASSOCIATED THEREWITH; TO PROMOTE EDUCATION AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY SYSTEM; AND TO ENCOURAGE RESEARCH, LEARNING AND DISSEMINATION OF INFORMATION. THE FOUNDATION IS AUTHORIZED TO ACT AS THE FIDUCIARY AGENT ON BEHALF OF THE UNIVERSITY SYSTEM FOR THE RECEIPT, MANAGEMENT, AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY SYSTEM. THE ROLE OF THE FOUNDATION BOARD SPECIFICALLY INCLUDES ENCOURAGING PHILANTHROPIC SUPPORT OF UNIVERSITY PRIORITIES; APPROVAL OF POLICY; OVERSIGHT OF FINANCIAL MANAGEMENT; PARTICIPATION IN LONG-RANGE STRATEGIC PLANNING; PROVIDING VOLUNTEER LEADERSHIP FOR THE UNIVERSITY SYSTEM'S FUNDRAISING EFFORTS; AND SERVING IN AN ADVISORY CAPACITY TO THE UNIVERSITY SYSTEM PRESIDENT. THE MEMBERS OF THE FOUNDATION SHALL BE THE FOUNDATION BOARD, COMPRISED OF THE VOTING MEMBERS, INCLUDING ELECTED AND DESIGNATED MEMBERS; AND THE NON-VOTING MEMBERS, INCLUDING CAMPUS EXECUTIVE OFFICERS, EMERITUS MEMBERS AND OTHER INDIVIDUALS ELECTED PURSUANT TO ARTICLE II, SECTION 2(B). THE FOUNDATION SHALL BE MANAGED BY AND UNDER THE DIRECTION OF THE FOUNDATION BOARD, AND BY OFFICERS AND COMMITTEES THEREOF, AS POWERS MAY BE DELEGATED TO SUCH OFFICERS AND COMMITTEES BY THESE BYLAWS OR BY RESOLUTION OF THE FOUNDATION BOARD. (A) VOTING MEMBERS. THE FOUNDATION BOARD SHALL BE COMPOSED OF AT LEAST TWENTY (20), BUT NOT MORE THAN FIFTY (50) ELECTED MEMBERS, ONE OF WHOM SHALL BE A FULL-TIME FACULTY MEMBER OR A DEAN OF THE UNIVERSITY SYSTEM. IN ADDITION, THE FOLLOWING WILL SERVE AS DESIGNATED MEMBERS OF THE FOUNDATION: (1) PRESIDENT OF THE UNIVERSITY SYSTEM. (2) PROVOST AND EXECUTIVE VICE PRESIDENT OF THE UNIVERSITY SYSTEM. (3) SR. VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT OF THE UNIVERSITY SYSTEM. (4) CHIEF OPERATING OFFICER OF THE UNIVERSITY SYSTEM. (5) PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION. (6) PRESIDENT OF THE USF BULLS CLUB. PROVIDED, HOWEVER, THAT ANY PERSON HOLDING MORE THAN ONE OF THE ABOVE OFFICES SHALL HAVE ONLY ONE VOTE AS A MEMBER OF THE FOUNDATION BOARD. (B) NON-VOTING MEMBERS. (1) THE CAMPUS EXECUTIVE OFFICERS OF EACH REGIONAL CAMPUS OR INSTITUTION OF THE UNIVERSITY SYSTEM; (2) THE EMERITUS MEMBERS; (3) OTHER INDIVIDUALS MAY SERVE AS NON-VOTING MEMBERS. SUCH MEMBERS SHALL BE NOMINATED BY MAJORITY VOTE OF THE NOMINATING AND BOARD DEVELOPMENT COMMITTEE AND SHALL BE ELECTED BY MAJORITY VOTE OF THE FOUNDATION BOARD. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, LINE 11B A COMPLETE DRAFT OF FORM 990, PREPARED INTERNALLY IN CONJUNCTION WITH OUTSIDE TAX ACCOUNTANTS AND REVIEWED BY UPPER MANAGEMENT IS MADE AVAILABLE ELECTRONICALLY TO ALL MEMBERS OF THE FOUNDATION BOARD FOR COMMENT AT LEAST ONE WEEK PRIOR TO FILING. THE AUDIT COMMITTEE OF THE BOARD PERFORMS A THOROUGH AND DETAILED REVIEW OF THE FORM 990 AND OTHER FEDERAL FORMS PRIOR TO REVIEW BY THE FULL BOARD AND PRIOR TO FILING. THE AUDIT COMMITTEE CONSISTS OF SIX (6) VOTING MEMBERS AND FIVE (5) NON-VOTING MEMBERS. NON-VOTING MEMBERS INCLUDE MEMBERS OF THE BOARD THAT SERVE AS MANAGEMENT OF THE FOUNDATION OR THE UNIVERSITY. DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, LINE 12C DUE TO THE VARIED INTERESTS AND BACKGROUNDS OF THE MEMBERS OF THE BOARD, SITUATIONS INVOLVING POSSIBLE CONFLICTS OF INTEREST MAY ARISE. IT IS THE RESPONSIBILITY OF THE MEMBERS OF THE BOARD TO GOVERN THE USF FOUNDATION'S AFFAIRS HONESTLY, EXERCISING DUE CARE, SKILL AND JUDGMENT FOR THE BENEFIT OF THE FOUNDATION. POTENTIAL OR APPARENT CONFLICTS OF INTEREST ARE DESCRIBED IN THE USF FOUNDATION CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY. IF A CONFLICT OF INTEREST, IN FACT, EXISTS, THE BOARD MEMBER SHALL DISCLOSE THE POTENTIAL OR APPARENT CONFLICT OF INTEREST IN THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES AND SHALL ABSTAIN FROM PARTICIPATION IN ANY VOTE OR DISCUSSION INVOLVING THE MATTER. THE USF FOUNDATION SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS IS RESPONSIBLE FOR THE ANNUAL DISTRIBUTION OF THE CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY AND THE COLLECTION OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. THE SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS REPORTS ANY DISCLOSURE OF POTENTIAL OR APPARENT CONFLICTS WITH THE USF FOUNDATION'S CHAIR, CHIEF EXECUTIVE OFFICER AND RELEVANT COMMITTEE CHAIRPERSON. OFFICES & POSITIONS FOR COMPENSATION PROCESS USED & YEAR PROCESS WAS BEGUN FORM 990, PART VI, LINE 15A AND 15B THE USF FOUNDATION COMPENSATION COMMITTEE REVIEWED THE COMPENSATION PROVIDED BY THE USF FOUNDATION TO USF STAFF ALONG WITH MARKET SALARY DATA TO MAKE A DETERMINATION OF REASONABLENESS. THE STAFF SELECTED FOR REVIEW, AS REQUIRED BY THE INTERNAL REVENUE SERVICE, INCLUDED OFFICERS OR MEMBERS OF USF FOUNDATION BOARD WHO RECEIVE COMPENSATION FROM THE USF FOUNDATION, KEY EMPLOYEES AND HIGHEST PAID STAFF AND HAVE HAD CHANGES IN THEIR COMPENSATION SINCE THEIR REVIEW IN THE PRIOR YEAR. THE COMPENSATION COMMITTEE ALSO RECEIVED THE WRITTEN OPINION OF AN INDEPENDENT COMPENSATION CONSULTANT TO AID IN THE DETERMINATION OF REASONABLENESS. THIS COMPENSATION REVIEW IS UNDERTAKEN TO OBTAIN THE BENEFIT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE IRS RULES. THE COMPENSATION COMMITTEE MUST: * BE COMPOSED ENTIRELY OF INDIVIDUALS UNRELATED AND NOT SUBJECT TO THE CONTROL OF THE INDIVIDUAL'S WHOSE COMPENSATION IS BEING REVIEWED; * OBTAIN APPROPRIATE DATA AS TO THE COMPARABILITY OF SALARY; AND * DOCUMENT THE BASIS FOR ITS DETERMINATION THAT THE INDIVIDUAL'S COMPENSATION IS REASONABLE IN LIGHT OF THAT DATA. DURING THE DISCUSSION OF ANY INDIVIDUAL'S SALARY THAT INDIVIDUAL MUST LEAVE THE ROOM. THE COMMITTEE'S CONCLUSIONS ARE DOCUMENTED IN THE OFFICIAL MINUTES OF THE MEETING. THE COMPENSATION REVIEW OCCURS WHEN NEW HIRES ARE MADE TO KEY POSITIONS OR WHEN SALARY DATA IS SOLICITED FROM AN INDEPENDENT CONSULTANT FOR MARKET COMPARISONS WHICH MAY BE ANNUALLY OR BI-ANNUALLY. SALARY INFORMATION WAS REVIEWED IN MAY 2013 FOR THE FOLLOWING POSITIONS: BOARD MEMBERS PRESIDENT, UNIVERSITY OF SOUTH FLORIDA SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION ASSOCIATE VICE PRESIDENT, ADVANCEMENT SERVICES AND USF FOUNDATION COUNSEL ASSOCIATE VICE PRESIDENT, BUSINESS & FINANCE AND USF FOUNDATION CFO KEY EMPLOYEES SR. ASSOCIATE VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CAMPAIGN DIRECTOR ASSOCIATE VICE PRESIDENT, CONSTITUENT DEVELOPMENT ASSOCIATE VICE PRESIDENT AND CHIEF DEVELOPMENT OFFICER, USF HEALTH DEVELOPMENT, ASSOCIATE VICE PRESIDENT AND EXECUTIVE DIRECTOR OF USF ALUMNI ASSOCIATION, DIRECTOR OF DEVELOPMENT/ASSOCIATE DIRECTOR, INTERCOLLEGEIATE ATHLETICS 5 HIGHEST PAID ASSISTANT VICE PRESIDENT OF DEVELOPMENT (PRINCIPAL GIFTS) ASSOCIATE DIRECTOR, INTERCOLLEGIATE ATHLETICS SR. DIRECTOR OF DEVELOPMENT, GIFT PLANNING SR. DIRECTOR OF DEVELOPMENT, ANNUAL GIVING SR. DIRECTOR OF DEVELOPMENT, ACADEMIC INITITATIVES DIRECTOR OF DEVELOPMENT, CONSTITUENT DEVELOPMENT/ALUMNI ASSOCIATION AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC FORM 990, PART VI, LINE 19 THE USF FOUNDATION POSTS ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), AUDITED FINANCIAL STATEMENTS FOR THE PRIOR THREE (3) FISCAL YEARS, INTERNAL REVENUE SERVICE DETERMINATION LETTER OF 501(C)(3) STATUS, MOST RECENTLY FILED INFORMATIONAL RETURN FORM 990, AND MOST RECENTLY FILED EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN FORM 990-T ON ITS WEBSITE (HTTP://GIVING.USF.EDU) FOR PUBLIC INSPECTION. THE FOUNDATION MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990, PART VII, COLUMN B THE FOLLOWING INDIVIDUALS DEVOTED AN ESTIMATED AVERAGE HOURS PER WEEK TO A RELATED ORGANIZATION, THE UNIVERSITY OF SOUTH FLORIDA (USF): JUDY L. GENSHAFT 35 HOURS JOHN T. SINNOTT 35 HOURS RALPH C. WILCOX 35 HOURS JOHN LONG 35 HOURS PAUL R. SANBERG 35 HOURS FORM 990,PART VII, COLUMN B DIRECTORS ARE NOT COMPENSATED FOR SERVICES AS A DIRECTOR TO THE BOARD. University of South Florida 4202 E Fowler Ave Tampa FL 33620 593102112 Education FL GOVT N/A NA false USF Alumni Association 4202 E Fowler Ave Tampa FL 33620 237357236 Alumni Relatn FL 501(C)(3) 11d NA false false true true true false false false true false false true true true true true true false false