2014-11-17T13:41:46-06:00 2014-06-30 GRANT THORNTON LLP 101 CALIFORNIA STREET SUITE 2700 SAN FRANCISCO CA 94111 990 2013-07-01 866051042 Arizona State University Foundation For A New American University % VIRGINIA DESANTO CPA ARIZ 4809653759 PO Box 2260 Suite Tempe AZ 85280 Virginia DeSanto VP, CFO, Treasurer, Secretary 4809656962 2014-11-14 true BETHANN LONDYNSKY P00847678 4809656962 2013 2015-11-30 17:44:51Z ASU Foundation R F Shangraw Jr 300 E University Dr Tempe AZ 85281 1044747994 false X www.asufoundation.org X 1955 AZ TO ENSURE THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY. 19 17 277 0 -660681 -670062 82237898 59971207 4996909 5652011 23376367 88749371 4411325 11126000 115022499 165498589 58095813 66388588 0 0 7021533 8139860 270569 249714 7932133 18267620 23172927 83655535 97951089 31366964 67547500 860858067 940081141 206142322 227889296 654715745 712191845 X TO ENSURE THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY. false false 18245229 15813676 3463231 Specific University programs - The ASU Foundation provided more than $18M to ASU in support of programs that contribute to ASU's ranking as one of the 100 top universities in the world. These funds support sustainability education and outreach activities (School of Sustainability, Wrigley Global Institute of Sustainability); startup support for entrepreneurial companies (Arizona Technology Enterprises); business journalism (Cronkite School of Journalism, W. P. Carey School of Business); educational and programming activities for public events; family justice issues (School of Public Programs, O'Connor School of Law); and many other programs. 15005748 6361037 2833553 Student and faculty support - The foundation provided more than $8M for ASU programs that assist undergraduate and graduate students with the cost of attending college and that recognize students' academic achievements. These include New American University Scholarships, which were provided to 2,856 students. More than $6.7M from the foundation supported faculty recognition and professorships, allowing ASU students the opportunity to learn from Nobel laureates, members of the National Academy of Sciences and American Academy of Arts and Sciences, Fulbright Scholars, Guggenheim Fellows, and members of the Royal Society. 8620206 7728115 1574196 Research support - Classified by the Carnegie Foundation as a Research University with Very High Research Activity, ASU utilized more than $8.6M in research funding from the ASU Foundation. These funds supported research in information privacy and security (W.P. Carey School of Business); supply chain management (W. P. Carey School of Business); environment and sustainability (School of Sustainability, Wrigley Global Institute of Sustainability); early childhood education (Mary Lou Fulton Teachers College); and many other areas. 42007710 36485760 7870981 83878893 true true false true false false false false true true true true false true true true false true false false true false false true false false false true false true true true false false false false false false false true false true false false false true true true true false false true 195 0 true 277 true true true false false false false true true false false false false X 19 17 false false false false false false false true true false true true true true true true true true true true true true AK AZ CO HI MN NY OR SC X X VIRGINIA DESANTO CPA 4809651791 300 EAST UNIVERSITY DRIVE Tempe AZ 85281 William Post Chairman 1.0 0.0 X X 0 0 0 Tony Corey Director 1.0 0.0 X 0 0 0 Jose Cardenas Director - non-voting 1.0 0.0 X 0 0 0 Wayne Doran Director 1.0 0.0 X 0 0 0 Stephen Evans Director 2.0 0.0 X 0 0 0 Juanita Francis Vice Chairman 1.0 0.0 X X 0 0 0 Ira Fulton Director 1.0 0.0 X 0 0 0 John Graham Director 1.0 0.0 X 0 0 0 Bob Johnson Director 1.0 0.0 X 0 0 0 Anne Mariucci Director 1.0 0.0 X 0 0 0 Morgan Olsen Director 1.0 0.0 X 0 0 0 Harry Papp Director 1.0 0.0 X 0 0 0 Gary Trujillo Director 1.0 0.0 X 0 0 0 Michael M Crow Director 1.0 2.0 X 0 0 0 Kenneth Van Winkle DIRECTOR 1.0 0.0 X 0 0 0 Greg Vogel Director 1.0 0.0 X 0 0 0 Scott Wald Director 1.0 0.0 X 0 0 0 Angelina Yin Cesal Director 1.0 0.0 X 0 0 0 RF Shangraw Jr Director,President and CEO 60.0 3.0 X X 383575 0 106463 Roger Wittlin Director 1.0 0.0 X Virginia DeSanto VP, CFO, Treasurer, Secretary 50.0 3.0 X 208229 0 28099 Wellington Reiter Senior VP & Managing Director 40.0 0.0 X 240346 0 32681 Augustine Cheng Managing Director AZTE 40.0 2.0 X 494116 0 43517 Kenneth J Polasko Executive Director AZTE 40.0 0.0 X 261574 0 31787 Gretchen Buhlig VP Leadership Giving 40.0 0.0 X 225569 0 16720 Reginald K Walton VP Strategic Corp Initiatives 40.0 0.0 X 220484 0 21827 Juliet A Lim Former Gen Counsel & Secretary 40.0 0.0 X 116074 0 18637 2149967 0 299731 33 true true false Cambridge Associates LLC PO Box 10317 UNIONDALE NY 11555 ConsultING 376980 Irell and Manella LLP 1800 Avenue of the Stars Suite 900 LOS ANGELES CA 90067 LEGAL 413084 Perkins Coie LLP 2901 N Central Ave Ste 2000 PHOENIX AZ 85012 LEGAL 407878 McDonnell Boehnen Hulbert 300 South Wacker Drive CHICAGO IL 60606 LEGAL 375355 Byrne Poh LLP 11 Broadway Ste 1115 NEW YORK NY 10004 LEGAL 338359 26 59971207 570709 59971207 PROGRAM SUPPORT 541800 2835811 2835811 BRICKYARD RENTAL 531120 2816200 2816200 5652011 10797569 -660681 11458250 0 713397 713397 1036050 1036050 0 1036050 1036050 957201207 879249405 77951802 77951802 77951802 0 0 0 GAIN ON EXTINGUISHMENT OF DEBT 900099 7068445 7068445 ASSET MANAGEMENT FEES REVENUE 900099 1915830 1915830 MISCELLANEOUS 900099 392278 392278 9376553 165498589 15741961 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1368590 true X 435282924 14310742 62734955 15643818 7532296 489152507 394228823 13841369 49318255 15285635 6819888 435282924 403582918 17233377 -6355550 13688776 6543146 394228823 337853340 20682854 65270036 12769824 7453488 403582918 309160513 18146275 28608138 11558372 6503214 337853340 0.02259 0.73908 0.23833 false false 8438442 8438442 37400000 19516053 5671524 51244529 5842225 5781708 60517 59743488 GLOBAL EQUITIES 114083985 F ABSOLUTE RETURN 101265045 F REAL ASSETS 78917560 F PRIVATE CAPITAL 23950268 F 318216858 CHARITABLE TRUSTS RECEIVABLE 1276620 ASSETS WITH LIMITED USE 5429342 ASSETS HELD UNDER SPLIT INT AG 18102566 NET INV IN DIRECT FINANCING 24545000 CAPITALIZED BOND ISSUANCE COST 1231577 OTHER ASSETS 468690 51053795 0 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 11653000 UNREALIZED SWAP LIABILITY 7573778 19226778 X 170794144 6933495 1056996 7990491 162803653 2694936 2694936 165498589 113259395 113259395 2694936 -18003242 -15308306 97951089 Schedule D, Part IV, Line 1b The Arizona State University Foundation For a New American University is the trustee of Taylor Trust FBO ASU Foundation ("Taylor Trust"). Taylor Trust's mission is to establish and maintain the Fred E. Taylor chaired professorship in real estate at the Arizona State University W.P. Carey School of Business. Schedule D, Part IV, Line 2b The Arizona State University Foundation For A New American University holds assets as the trustee of a grantor trust for ASU and holds assets under an investment agreement with ASU Alumni Association. Schedule D, Part V, Line 4 All endowment expenditures support the education, research, public service and other activities of Arizona State University. Schedule D, Part X, Line 2 Management is of the opinion that material positions taken by the Foundation would be upheld under examination. Accordingly, the Foundation has not recorded an income tax liability for uncertain tax positions as of June 30, 2014, and does not anticipate a significant change for the following twelve months. As of June 30, 2014, the Foundation's fiscal years 2010 through 2013 for the federal and 2009 through 2013, for Arizona tax jurisdictions remain open to examination. Schedule D, Part XI, Line 2d Change in value of split interest agreements $331,685 Change in assets due to other entities (17,214,762) Net Income attributed to Taylor Trust reported on separate tax return 133,896 Brickyard Rental Expenses (1,734,217) ASU Expense Recovery 18,678,218 Revenue Attributed to ASURE reported on separate tax return 855,733 Revenue Attributed to RCASU reported on separate tax return 6,443 --------------- $1,056,996 Schedule D, Part XII, Line 4b ASU Expense Recovery $(18,678,218) Brickyard Rental Expenses 1,734,217 Expense Attributed to ASURE reported on separate tax return (1,056,636) Expense Attributed to RCASU reported on separate tax return (2,605) ---------------- $(18,003,242) Central America and the Caribbean Investments 106556439 106556439 106556439 true false true true true false X X X X X true The Eudy Company LTD 4200 Massachusetts Ave NW 312 Washington DC 20016 Fundraiser false 1200000 219626 Vandenberg Associates 3927 Elm Ave Long Beach CA 90807 Fundraiser false 282000 30088 1482000 249714 AK AZ CA CO HI ME MA MI MN NH NJ NY ND OH OK OR SC UT WA true Arizona State University PO Box 870502 Tempe AZ 85287 860196696 115 64754030 Program Support University of Oklahoma 395 W Lindsey Norman OK 73019 736017987 115 50000 PROGRAM SUPPORT University of Arkansas 1 University of Arkansas Fayetteville AR 72701 716056774 501(c)(3) 215151 PROGRAM SUPPORT Cal ST Fullerton Philanthropic Foundation 2600 Nutwood Ave Ste 850 Fullerton CA 92831 330567945 501(c)(3) 50000 program support Texas Christian University TCU Box 297011 Fort Worth TX 76129 750827465 501(c)(3) 16610 program support University of South Carolina School of Journalism Mass Communi Columbia SC 29208 576001153 115 10000 Program Support Central Michigan University Accounting WA 304 Mt Pleasant MI 48859 386004447 115 10000 Program Support Elon University 100 Campus Drive Elon NC 27244 560532303 501(c)(3) 10081 Program Support Chab Dai USA 1617 18th St Sacramento CA 95811 264646578 501(c)(3) 8000 PROGRAM SUPPORT ASU Alumni Law Group 2 N Central Ave 1600 PHOENIX AZ 85004 464635819 501(c)(3) 1048025 PROGRAM SUPPORT Research Collaboratory at ASU PO Box 2260 tempe AZ 85280 463815674 501(C)(3) 241889 PROGRAM SUPPORT SOFN 4715 N 32nd Street PHOENIX AZ 85018 454568597 501(c)(4) 100000 PROGRAM SUPPORT 7 5 Schedule I, Part I, Line 2 Grants paid consist of funds provided to Arizona State University, its affiliates and other non-profits for ASU related initiatives, which are accounted for and monitored through the use of accounts and account purposes at the time of each disbursement. X X X true true X X X X false true false false false false false true false RF Shangraw Jr Director,President and CEO 369069 0 0 0 14506 0 87150 0 19313 0 490038 0 0 0 Virginia DeSanto VP, CFO, Treasurer, Secretary 203677 0 4000 0 552 0 14462 0 13637 0 236328 0 0 0 Juliet A Lim Former Gen Counsel & Secretary 115819 0 0 0 255 0 8399 0 10238 0 134711 0 0 0 Wellington Reiter Senior VP & Managing Director 240346 0 0 0 0 0 17096 0 15585 0 273027 0 0 0 Augustine Cheng Managing Director AZTE 344077 0 112613 0 37426 0 17850 0 25667 0 537633 0 0 0 Kenneth J Polasko Executive Director AZTE 241574 0 20000 0 0 0 17527 0 14260 0 293361 0 0 0 Gretchen Buhlig VP Leadership Giving 217569 0 8000 0 0 0 15947 0 773 0 242289 0 0 0 Reginald K Walton VP Strategic Corp Initiatives 220207 0 0 0 277 0 8303 0 13524 0 242311 0 0 0 Housing allowance Schedule J, Part I, Line 1a The Sr VP & Managing Director of Arizona technology enterprises (Referred to as "AZTE") receives a housing allowance. The payments are reported as taxable compensation and reported on Form W-2. Travel for companions Schedule J, Part I, Line 1a The SR VP & Managing Director of AZTE receives travel reimbursements for himself and his spouse. The payments are reported as taxable compensation and reported on Form W-2. Tax indemnification and gross-up payments Schedule J, Part I, Line 1a The SR VP & Managing Director of AZTE receives tax gross up payments. The payments are reported as taxable compensation and reported on Form W-2. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b As part of the CEO's employment agreement, the Foundation will maintain a supplemental retirement plan. The CEO of ASUF has a severance arrangement as part of his employment agreement which provides for a payment of his base salary payable for the remainder of the term of his employment agreement upon termination without cause. Non-fixed payments Schedule J, Part I, Line 7 For Arizona State University Foundation For A New American University, non-fixed payments are based on compensation agreements and success benchmarks stated in employment contracts. The compensation contract for the CEO of Arizona Science and Technology Enterprises (AZTE) allows for the Board of Directors of AZTE to approve discretionary bonuses without fixed amount calculations based on the Board's overall satisfaction of the CEO's performance. Schedule J, Part II ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY'S FIVE HIGHEST PAID EMPLOYEES INCLUDE Two MEMBERS OF THE MANAGEMENT TEAM OF ITS SUBSIDIARY, ARIZONA SCIENCE AND TECHNOLOGY ENTERPRISES (AZTE). AZTE IS A LIMITED LIABILITY CORPORATION IN WHICH THE ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS THE SOLE MEMBER AND PROVIDES TECHNOLOGY TRANSFER SERVICES FOR ARIZONA STATE UNIVERSITY. AS THE SOLE MEMBER, THE ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY HAS DELEGATED RESPONSIBILITY FOR MANAGEMENT OF AZTE TO THE SEVEN-MEMBER BOARD OF DIRECTORS FOR AZTE, INCLUDING OPERATIONAL ACTIVITIES AND COMPENSATION. A Industrial Devlpmt Auth of the City of Tempe AZ 860439481 87972MAB8 2004-07-01 22420000 Acquire Improve and Equip Facility false false false B Industrial Devlpmt Auth of the City of Tempe AZ 860439481 2014-04-22 39050000 Refund issue false false false A 0 0 22175437 652801 0 0 277740 0 0 21247697 0 0 2004 false false true true B 0 0 39050000 0 0 0 499252 0 0 0 38550748 0 2005 true false true true A false false false false 0.00000 0.00000 false false false true B false false false false 0 false false false true A false false false false true true Bank of America 30. false false false 0 true true B false false false false false false 0 false 0 false true A true B true Schedule K, Part IV, Line 2C The following are the dates the rebate computations was performed Part I Bond A industrial devlpmt auth of the city tempe, AZ: 6/30/2014 Sybil Francis Family member of director 240299 Employment false X 40 570709 FMV 0 false true true Schedule M, Part I, Line 32b The Foundation uses a variety of brokerages and service companies to convert non-cash gifts to cash based on the type of non-cash gift received. ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS REFERRED TO AS "ASUF" OR "THE FOUNDATION" IN THIS SCHEDULE Form 990, Part III, 4d: Other Program Services - All other program expenses support the education, research, public service and other activities of Arizona State University. Form 990, Part IV, Line 18 and Part V, Line 7a and 7b: ASUF conducts fundraising events for the benefit of Arizona State University (ASU). Event participants receive charitable gift receipts indicating the gross value of the goods received, the fair market value of benefits received by donor, and the net amount that may be considered a charitable contribution. Form 990, Part VI, Line 11b: ASUF's Form 990, Return of Organization Exempt From Income Tax, is prepared by an accounting firm. The draft is submitted to the ASU Foundation for review by management for accuracy of reporting. The board of directors has delegated review of the Form 990 to the Audit Committee. Management and a representative of the accounting firm review the Form 990 with the Audit Committee. Once approved and accepted by the Audit Committee, the form is signed by the CFO and submitted electronically to the IRS and the Board of Directors. Form 990, Part VI, Line 12c: Upon hire and on an annual basis, officers, directors, trustees and key employees are required to disclose any conflicts or potential conflicts relating to their involvement with ASUF. In addition, any time the individuals referred to above become aware of a new conflict, they are required to submit an updated conflict of interest/commitment form to the ASUF CFO. Form 990, Part VI, Line 15a: For ASUF, the Board of Directors approves the compensation package for the CEO based on current market comparisons provided by the foundation's Human Resources Department obtained from an independent compensation firm, responsibilites of the position, goals of the foundation and negotiations with the CEO. All other compensation decisions have been delegated to the CEO from the Board of Directors and a similar process is followed for obtaining CEO approval of key employees COMPENSATION. For Arizona Science and Technology Enterprises (AZTE), a single member limited liability company controlled by ASUF, the CEO's compensation contract was reviewed through general counsel of ASUF and CFO of ASU. It included a compensation comparison performed by a third party service provider and was approved by AZTE's Board of Directors. Form 990, Part VI, Line 19: The ASUF financial statements and Conflict of Interest Policy are available to the public on the organization's website. The organization's governing documents are not available to the public. Form 990, Part VII, Section B, Line 1 and Attachment 1: All of the legal services disclosed in attachment 1 were performed in support of AzTE's technology transfer services to the University and are not related to the primary fundraising services of the Foundation. Form 990, Part IX, Line 24d: In its effort to support ASU, the Foundation and Affiliates perform a broad scope of services that include: fundraising, investment management, technology transfer, advocacy, university branding and marketing, educational awareness, and property financing and management. Certain elements of management and general expenses are driven by the broad scope of the Foundation's role in support of ASU. The ASU Foundation's fundraising expenses support activities that generate contributions that go directly to entities other than itself, such as ASU and other ASU affiliates; thus, not all fundraising results generated through the Foundation's efforts are reflected in the contribution totals on the Foundation's 990. Form 990, Part XI, Line 9: Change in Assets due to Other Entities (17,456,651) Change in Value of Split Interest Agreements 331,685 Change in Value of Unrealized Swap 120,071 __________________ Total Other Changes in Net Assets (17,004,895) AZ Science and Technology Enterprises PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 2188348 10549372 ASUF ASUF LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 2999840 41893855 ASUF ASUF Brickyard LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 1058770 40484872 ASUF ASUF Scottsdale LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 4243341 11761031 ASUF ASUF Dupont LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ -412 17280 ASUF ISW Technologies LLC PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 0 0 AZTE RH Technologies LLC PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 0 0 AZTE 3D Cell Technologies LLC PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 0 0 AZTE ASUF Realty LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 0 0 ASUF Taylor Trust FBO ASU Foundation PO Box 2260 Tempe AZ 85280 866252445 Support AZ 501 (C )(3) 11(A) ASUF true ASU Research Enterprise PO Box 2260 Tempe AZ 85281 900868685 Support AZ 501 (C )(3) 09 ASUF true Research collaboratory at asu PO Box 2260 Tempe AZ 85281 463815674 Support AZ 501 (C )(3) 07 ASUF true AZTE Ventures Co 1475 N Scottsdale Rd Ste 200 Scottsdale AZ 85257 270151042 Solar Energy AZ NA C Corp -55157 226282 1.00000 true Charitable Remainder Trust (19) Charit Rem Tr AZ NA Trust true Charitable Lead Annuity Trust CLAT AZ NA TRUST true Hard Assets 2X Fund LTD 355 Madison Avenue 19th Floor New York NY 10017 Investing CJ NA C Corp true false true false true false false false false false false false true false false true false false false false ASU Research Enterprise d 353356 Cost ASU Research Enterprise l 122827 Cost Research Collaboratory at ASU b 241889 Cost Form 990, Schedule R, Part IV, Column C There are 17 charitable trusts with legal domicile in Arizona and 2 charitable trusts with legal domicile in Nevada. AzTE Ventures CO 1475 N Scottsdale Rd Ste 200 Scottsdale AZ 85257 270151042 0 0 0 0 0 0 0 0 0 0 ASU Foundation for a New Ame PO Box 2260 Tempe AZ 852802260 866051042 0 249780 249780 83629113 83878893 1000000 250000 0 0 0 ASU Research Enterprise 300 E University Dr Tempe AZ 85281 900868685 0 0 0 0 0 0 0 0 0 0 Taylor Trust FBO ASU Foundat PO Box 2260 Tempe AZ 852802260 866252445 0 0 0 0 0 0 0 0 0 0 Research Collaboratory at AS PO Box 2260 Tempe AZ 852802260 453815674 0 0 0 0 0 0 0 0 0 0