2014-05-13T16:21:21-05:00 2013-06-30 KPMG LLP 1212 North 96th Street Suite 300 Omaha NE 68114 990 2012-07-01 470379839 University of Nebraska Foundation % JASON D KENNEDY UNIV 4024581100 PO Box 82555 Suite Lincoln NE 68501 Jason Kennedy 4024581100 2014-05-12 true 4023481450 2012 2015-11-30 17:44:51Z JASON D KENNEDY 1010 Lincoln Mall Suite 300 Lincoln NE 68508 774444573 false X www.nufoundation.org X 1936 NE PROVIDE FINANCIAL SUPPORT FOR THE UNIVERSITY OF NEBRASKA AND OVERSEE THE DISTRIBUTION OF GIFTS AND THE INTEREST EARNED FROM THE ENDOWED FUNDS. 20 17 268 419 -752362 -752362 164964650 236741676 0 0 52584553 68513625 2183992 1769964 219733195 307025265 123717329 174722945 0 0 14481975 14226306 0 0 14381634 18354583 15729532 156553887 204678783 63179308 102346482 1769755232 1961318743 303483104 330927748 1466272128 1630390995 PROVIDE FINANCIAL SUPPORT FOR THE UNIVERSITY OF NEBRASKA AND OVERSEE THE DISTRIBUTION OF GIFTS AND THE INTEREST EARNED FROM THE ENDOWED FUNDS. false false 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115355 22808 Lori Byrne 40.0 0.0 X 156587 0 25443 Terry Fairfield 20.0 0.0 X 135173 0 13710 John Niemann 30.0 0.0 X 181831 0 20926 Amy Volk 40.0 0.0 X 158336 0 24853 Peter G Kotsiopulos 30.0 0.0 X 131991 0 17329 2763046 0 366767 21 true true false Cambridge Associates LLC 125 High Street BOSTON MA 02110 Investment Advisor 633780 Union Bank Trust Company 6811 S 27th Street LINCOLN NE 68512 Investment Advisor 377504 State Street Global Advisors One Lincoln Street BOSTON MA 02111 Investment Advisor 356525 Sampson Construction Company Inc 3730 South 14th LINCOLN NE 68502 Construction 344116 Frontier Capital Management Company 99 Summer Street BOSTON MA 02110 Investment Advisor 295221 22 2068166 234673510 33187966 236741676 0 35645528 -752362 36397890 0 440778 440778 825430 60405 765025 0 765025 765025 500227000 467358903 32868097 32868097 32868097 0 0 0 CHANGE IN SPLIT INTEREST AGREEMENTS 900099 564161 564161 564161 307025265 -752362 71035951 174722945 174722945 0 0 0 1254480 706890 547590 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368858055 61772385 61772385 307085670 -60405 -60405 307025265 204739188 60405 60405 204678783 204678783 Endowment Funds Schedule D, Part V, Line 4 Endowment funds are intended to support the University of Nebraska. Collections of Art Schedule D, Part III, Line 4 The collections include works of art, books, poems, and other historical treasures housed at various centers and museums at the University of Nebraska's campuses and further expand the educational experiences of the students at the institution. Other Income Adjustments Schedule D, Part XI LIne 4b Rental Expense netted to Rental Income - ($60,405) Other Expense Adjustments Schedule D, Part XII, Line 2d Rental Expense netted to Rental Income - $60,405 FIN 48 FOOTNOTE Schedule D, Part X, Line 2 The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Such tax positions, which are more than 50% likely of being realized, are measured at their highest value. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. During fiscal year 2013 and 2012, management determined there are no income tax positions requiring recognition in the consolidated financial statements. Europe (Including Iceland and Greenland) 2 Investments 118428733 2 2 118428733 118428733 true false false false false false Value of Investments Part I, Line 3 Value of Investments: $117,740,912 Expenses Paid to Managers: $687,821 Total on Page 1: $118,428,733 true University of Nebraska 3835 Holdredge St Lincoln NE 68588 470049123 501(c)(3) 173114647 701298 FMV/Appraisals DONATED FOR UNIV USE University Support The Alumni Assoc of the University of Ne 1520 R Street Lincoln NE 68508 470378980 501(c)(3) 494000 Alumni Association Support The University of Ne at Omaha Alumni Assoc 6705 Dodge Street Omaha NE 68182 476027511 501(c)(3) 144000 Alumni Association Support UNMC Alumni Association 985200 Nebraska Medical Ctr Omaha NE 68198 270733750 501(c)(3) 230000 Alumni Association Support UNF Charitable Gift Fund 1010 Lincoln Mall Suite 300 Lincoln NE 68521 200288992 501(c)(3) 39000 Support for University Related projects 5 Grant Funds Part I, Line 2 Grant funds are paid upon submission of request for said funds after the expenses ARE INCURRED AT THE IRC SECTION 501(C)(3) AFFILIATED ORGANIZATIONS. X X X X true true X X X X true false false false false false false false false Lori Byrne 149445 0 3272 0 3870 0 12201 0 14397 0 183185 0 0 0 Terry Fairfield 129454 0 0 0 5719 0 10800 0 4011 0 149984 0 0 0 John Niemann 171038 0 3936 0 6857 0 13997 0 8066 0 203894 0 0 0 Amy Volk 153358 0 3453 0 1525 0 11881 0 14841 0 185058 0 0 0 Peter G Kotsiopulos 124540 0 2925 0 4526 0 10400 0 8015 0 150406 0 0 0 Kevin C Meyer 169756 0 14035 0 126 0 14349 0 13843 0 212109 0 0 0 D Joe Selig 188625 0 4166 0 2030 0 15495 0 12481 0 222797 0 0 0 Jason D Kennedy 160125 0 13662 0 84 0 13282 0 14439 0 201592 0 0 0 Keith D Miles 160186 0 13642 0 193 0 13211 0 14436 0 201668 0 0 0 Clarence Castner 27587 0 0 0 235938 0 5302 0 2466 0 271293 0 0 0 Matt McNair 166309 0 5085 0 25840 0 15261 0 10836 0 223331 0 0 0 Clark Rosenlof 130518 0 2982 0 193 0 10817 0 14344 0 158854 0 0 0 Part I, LIne 1A First class travel and charter travel is available on a limited basis with prior approval from management. Social dues for selected employees available based on job responsibilities. A driver was provided to the prior CEO on an as needed basis. Part I, Line 4A Clarence Castner received severance payments of $158,000 from the Foundation. Tonn Ostergard Director Director, Union Bank 389549 Management of Assets false Nancy Keegan Director Director, NE Global Inv 725000 UNF Investment in NE Global false Schedule L, Part IV Business transactions involving interested persons: TONN OSTERGARD IS ON THE BOARD OF DIRECTORS FOR UNION BANK. UNION BANK PROVIDES ASSET MANAGEMENT SERVICES TO THE UNIVERSITY OF NEBRASKA FOUNDATION. DURING FISCAL YEAR 2013, $389,549 WAS PAID TO UNION BANK FORASSET MANAGEMENT SERVICES. Nancy Keegan is on the Board of Directors for Nebraska Global Investment Company, LLC. The University of Nebraska Foundation holds approximately 13% in the Nebraska Global Investment Company of which the University of Nebraseaska Foundation transferred an additional $725,000 during fiscal year 2013 with a total balance of $2,325,000 on June 30, 2013. Nancy Keegan was appointed to sit on the Nebraska Global Investment Company, LLC Board on behalf of the University of Nebraska Foundation. Nancy Keegan does not receive any compensation for the directorship. X 2 42600 Appraisal X 23808 Fair Market Value X 283 26240926 Fair Market Value X 4 154866 Fair Market Value X 1 5000000 Appraisal X 1 518000 Appraisal X 1957 John Deere tractor 2 12500 Appraisal X Misc popcorn prod prop 1 520050 Appraisal X Horses 2 24500 Appraisal X Clavichord instruments 2 9500 Appraisal X Debakey Micromed Ventricular Assist Device 1 68340 Appraisal X Bushels of corn 21 553990 Fair Market Value X Bushels of wheat 2 1258 Fair Market Value X Bushels of soybeans 2 17628 Fair Market Value 10 false true true Third Parties Schedule M, Line 32b The Foundation uses brokers to sell stock gifts and real estate gifts. Governing Documents Form 990, Part VI, Section C, Line 19 Audited financial statements are published on the Organization's website. All other governing documents are available to the public upon request. Trustee Members Form 990, Part VI, Section A, Line 6 Trustees are considered members of the entity. ELECTION OF BOARD OF DIRECTORS Form 990, Part VI, Section A, Line 7A Trustees elect the Board of Directors. REVIEW OF 990 Form 990, Part VI, Section B, Line 11B The approval of the Form 990 has been delegated by the Board of Directors to the Tax Review Subcommittee. The Tax Review Subcommittee reviews and approves the Form 990 prior to filing. THE FORM 990 WITH SCHEDULE B REDACTED IS SENT TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. Conflict of Interest Policy Form 990, Part VI, Section B, Line 12C Annual completion of the conflict of interest disclosure is required by the board of directors and all officers of the Foundation. Stated disclosures are investigated by in-house legal counsel and reported to the Chair of the Audit Committee. The Chair reviews any potential conflicts and makes a recommendation to the Board, if appropriate. The Board makes the final determination of whether or not there is a disqualifying event. At any time, a board member or officer may declare a conflict of interest and recuse himself/herself from the discussion. The individual is also required to disclose any known or possible conflicts of interest that arise during the calendar year. REVIEW OF COMPENSATION Form 990, Part VI, Section B, Line 15B Market data on compensation is gathered and analyzed and the information is then provided to the Compensation Subcommittee of the Executive Committee. Based on the data provided, the Compensation Subcommittee submits recommendations for compensation for officers and disqualified persons to the Executive Committee. The Executive Committee, with the authority provided to them by the Board of Directors, approves all disqualified person salaries and reports the salaries to the Board annually. Board Relationships Form 990, Part VI, Section A, Line 2 TONN OSTERGARD, DIRECTOR, AND JOANN MARTIN, DIRECTOR, BOTH SERVE ON THE BOARD OF DIRECTORS FOR AMERITAS LIFE INSURANCE CORPORATION. UNF Investments LLC PO Box 82555 Lincoln NE 68501 470795794 business dev NE 527698 2183818 U of NE Fnd UNF Charitable Gift Fund 1010 Lincoln Mall Suite 300 Lincoln NE 68508 200288992 CHAR. GIVING NE 501(c)(3) 7 U OF NE FND true false true true false false false false false false false false true false true false false false true true UNF CHARITABLE GIFT FUND c 2068166 ACCRUAL UNF CHARITABLE GIFT FUND r 1450000 CASH UNF CHARITABLE GIFT FUND B 66000 CASH