2013-05-13T10:28:55-05:00 2012-06-30 KPMG LLP Two Central Park Plaza Suite 1501 Omaha NE 681021626 990 2011-07-01 470379839 University of Nebraska Foundation % JASON D KENNEDY UNIV 4024581100 PO Box 82555 Lincoln NE 68501 Jason Kennedy 2013-05-10 true 4023481450 2011 2016-02-24 21:20:13Z JASON D KENNEDY 1010 Lincoln Mall Suite 300 Lincoln NE 68508 2187063167 false X www.nufoundation.org X 1936 NE PROVIDE FINANCIAL SUPPORT FOR THE UNIVERSITY OF NEBRASKA AND OVERSEE THE DISTRIBUTION OF GIFTS AND OF THE INTEREST EARNED FROM THE ENDOWED FUNDS. 19 16 258 418 -674088 -674088 172115292 164964650 0 0 78330540 52584553 837082 2183992 251282914 219733195 130158987 123717329 0 0 14001053 14481975 0 0 15455316 17868993 18354583 162029033 156553887 89253881 63179308 1749531088 1769755232 321898024 303483104 1427633064 1466272128 PROVIDE FINANCIAL SUPPORT FOR THE UNIVERSITY OF NEBRASKA AND OVERSEE THE DISTRIBUTION OF GIFTS AND OF THE INTEREST EARNED FROM THE ENDOWED FUNDS. false false 123717329 123717329 The University of Nebraska Foundation raises and manages private finanical support from individuals, corporations, and other foundations for the benefit of the University of Nebraska. 123717329 true true false false false false false true false true true true false false true true true false false false true false false false false false false true false true false false false false false false false true true true false false true true true true false false true 114 0 true 258 true true true false false false false true true false true true false X 19 16 true false false false true true false true true false false false true true true true true true true false AK AZ CA CO KY ME MD MA MI MN NH NJ NY OH OR SC UT WA X X JASON D KENNEDY 4024581100 1010 LIncoln Mall Suite 300 Lincoln NE 68508 X Nancy A Keegan 1.0 X Peter J Whitted 1.0 X Tonn M Ostergard 1.0 X Harley D Bergmeyer 1.0 X Mark Chronister 1.0 X J Timothy Daugherty 1.0 X Sid Dinsdale 1.0 X Kenneth M Green 1.0 X Deryl F Hamann 1.0 X Brian C Hamilton 1.0 X Thomas J Henning 1.0 X HH Kosman 1.0 X Terry J Kroeger 1.0 X Robert F Krohn 1.0 X Kathryn R LeBaron 1.0 X JoAnn M Martin 1.0 X James S Pittenger Jr 1.0 X Lynn G Roper 1.0 X Gregory D Stine 1.0 X Clarence L Castner 40.0 X X 412679 33307 John E Gottschalk 40.0 X X KAREN L HIMLE 1.0 X 0 0 0 BARBARA V WEITZ 1.0 X 0 0 0 JAMES B MILLIKEN 1.0 X 0 0 0 ROBERT L WHITEHOUSE 1.0 X 0 0 0 JAMES F MCCLURG 1.0 X 0 0 0 Daniel H Morin 40.0 X 143315 10742 Kevin C Meyer 40.0 X 180502 25995 Jason D Kennedy 40.0 X 167109 26131 D Joe Selig 40.0 X 194848 26235 Keith D Miles 40.0 X 167275 25974 Peter G Kotsiopulos 40.0 X 131580 17509 Susan G Crotteau 30.0 X 80691 12017 Kimberly Peschka Bilder 40.0 X 63405 5180 Chet A Poehling 40.0 X 62243 18741 Matt W McNair 40.0 X 190146 26819 Stephen G Frayser 40.0 X 143837 24719 Tracy J Edgerton 40.0 X 131089 9805 Clark A Rosenlof 40.0 X 125060 0 23683 Lucy M Buntain-Comine 34.0 X 112621 14954 Lori A Byrne 40.0 X 149658 24368 Terry L Fairfield 40.0 X 169944 17814 John A Niemann 40.0 X 187197 17851 Amy M Volk 40.0 X 160396 24853 2973595 0 386697 21 true true false Cambridge Associates LLC 125 High Street Boston MA 02110 Investment Advisor 643377 Iridian Asset Management 276 Post Road West WESTPORT CT 068804704 Investment Advisor 457325 Frontier Capital Management Co 99 Summer Street Boston MA 02110 Investment Advisor 435794 Wellington Trust Company 280 Congress Street Boston MA 02210 Investment Advisor 422535 Union Bank Trust Company 6811 S 27th Street Lincoln NE 68512 Investment Advisor 371416 15 3323708 161640942 12941902 164964650 0 30554731 -674088 31228819 0 57758 57758 544235 47418 496817 496817 496817 1989312376 1967282554 22029822 22029822 22029822 0 0 0 CHANGE IN SPLIT INTEREST AGREEMENTS 900099 1629417 1629417 1629417 219733195 -674088 55442633 123717329 123717329 0 0 0 1590508 748331 842177 0 9883344 3120689 6762655 755421 227786 527635 1492071 485909 1006162 760631 245573 515058 421154 421154 155762 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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 various works of art, books, poems, and other historical treasures housed at various centers and museums at the University of Nebraska campuses and further expand the educational experiences of the students at the institution. Other Income Adjustments Schedule D, Part XII, Line 4b Rental Expense netted to Rental Income - ($47,418) Other Expense Adjustments Schedule D, Part XIII, Line 2d Rental Expense netted to Rental Income - $47,418 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 2012 and 2011, management determined that there are no income tax positions requiring recognition in the consolidated financial statements. Europe (Including Iceland and Greenland) 2 Investments 95171000 2 2 95171000 95171000 false false false false false false VALUE OF INVESTMENTS PART V VALUE OF INVESTMENTS $94,706,000 EXPENSES PAID TO MANAGERS $ 465,000 TOTAL ON PAGE 1 $95,171,000 true University of Nebraska 3835 Holdredge St Lincoln NE 68588 470049123 501(c)(3) 121171109 1678220 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 4 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 false false false false false false false false false Lori A Byrne 129827 16000 3831 11036 15118 175812 Terry L Fairfield 163596 6348 13500 6257 189701 Daniel H Morin 81726 40000 21589 8411 3337 155063 John A Niemann 131862 48750 6585 10867 8753 206817 Amy M Volk 145278 14000 1118 11881 14841 187118 Clarence L Castner 276858 110000 25821 19600 16995 449274 Kevin C Meyer 151418 29000 84 12852 15108 208462 Jason D Kennedy 150025 17000 84 12424 15630 195163 D Joe Selig 172821 18000 4027 14243 14094 223185 Keith D Miles 149068 18000 207 12267 15614 195156 Matt W McNair 160575 25000 4571 13112 15698 218956 Stephen G Frayser 135416 5000 3421 11387 15153 170377 Part I, LIne 1A First class travel, charter travel, and travel for companions available on ON A LIMITED BASIS WITH PRIOR APPROVAL FROM MANAGEMENT. SOCIAL DUES FOR SELECTED EMPLOYEES AVAILABLE BASED UPON JOB RESPONSIBILITIES. A DRIVER IS PROVIDED TO THE CEO ON AN AS-NEEDED BASIS. Tonn Ostergard Director Director, Union Bank 368089 Management of Assets false Nancy Keegan Director Director, NE Global Inv 1600000 UNF Investment in NE Global false 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 University of Nebraska Foundation. Nancy Keegan is on the Board of Directors for Nebraska Global Investment Company, LLC. University of Nebraska Foundation holds approximately 13% in the Nebraska Global Investment Company, LLC of which University of Nebraska Foundation has transferred $1.6m through June 30, 2012. 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 4 637100 Appraisal X 859545 Fair Market Value X 9926 Appraisal X 210 10614221 Fair Market Value X 2 119743 Fair Market Value X 2 91000 Appraisal X Ultrasound machine with software and transducers 1 12795 Fair Market Value X Alpha SE spectroscopic ellipsometer 1 43800 Fair Market Value X Oil and gas interest 1 2250 Fair Market Value X Burial plot 1 1 Fair Market Value X Barns 1 1 Fair Market Value X Horse 1 12500 Appraisals X Bushels of corn 9 371719 Fair Market Value X Bushels of wheat 1 157400 Fair Market Value X Bushels of soybeans 2 2748 Fair Market Value X Quilts 5 7153 Appraisals 13 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 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. RECONCILIATION OF NET ASSETS Form 990 , Part XI, Line 5 UNREALIZED GAIN/(LOSS) ON INVESTMENTS - ($24,540,244) Board Relationships Form 990, Part VI, LIne 2 TONN OSTERGARD, DIRECTOR, AND JOANN MARTIN, DIRECTOR, BOTH SERVE ON THE BOARD OF DIRECTORS OF UNRELATED CORPORATIONS. IN ADDITION, BOTH JOHN GOTTSCHALK, INTERIM PRESIDENT AND CEO, AND GREGORY STINE, DIRECTOR, SERVE ON THE BOARD OF DIRECTORS OF UNRELATED CORPORATIONS. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Tonn M. Ostergard TITLE:Director HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Daniel H. Morin TITLE:Sr VP Dir of Investments HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jason D. Kennedy TITLE:Sr. VP, CFO, Treasurer HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Keith D. Miles TITLE:VP & General Counsel HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Kimberly Peschka Bilder TITLE:Asst Corp Sec/Asst Legal Couns HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Tracy J. Edgerton TITLE:Assoc Vice President HOURS:5 University of Nebraska Technology Park PO Box 82555 Lincoln NE 68501 470795794 BUSINESS DEV NE 856510 2548092 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 true false true false false false true true UNF CHARITABLE GIFT FUND c 3323708 ACCRUAL UNF CHARITABLE GIFT FUND q 3600000 CASH UNF CHARITABLE GIFT FUND r 770088 CASH