2012-11-15T12:29:21-06:00 2012-06-30 GRANT THORNTON LLP ONE CALIFORNIA STREET SUITE 2300 SAN FRANCISCO CA 94111 990 2011-07-01 866051042 Arizona State University Foundation For A New American University % VIRGINIA E FOLTZ CPA ARIZ 4809653759 PO Box 2260 Tempe AZ 85280 Virginia Foltz 2012-11-09 true 4159863900 2012-11-08 2011 2016-02-24 21:20:13Z Rick Shangraw 300 E University Dr Tempe AZ 85281 679089228 false X www.asufoundation.org X 1955 AZ to ensure the success of Arizona State University as a New American University. 18 18 250 -201499 -212229 54069576 92735382 4415817 4132244 9911060 28506523 4592632 5900063 72989085 131274212 50030862 54583425 0 0 3783899 6357751 90000 180000 4849889 16931156 17960117 70835917 79081293 2153168 52192919 780191467 790864238 205541866 203787380 574649601 587076858 TO ENSURE THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY. false false 67358178 54583425 9059948 All program expenses support the education, research, public service and other activities of Arizona State University. 67358178 true true false true false false false false true true true true false false 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 false false true false false false true true true false false false true 185 0 true 250 true true true false false false false false false false false false X 18 18 false false false false false false false true true false true true true true true true true true true true true true AK AZ CA HI MN NY OR SC X X VIRGINIA E FOLTZ CPA 4809651791 300 EAST UNIVERSITY DRIVE Tempe AZ 85281 William Post 1.0 X X 0 0 0 Tony Corey 1.0 X 0 0 0 Scott Crozier 1.0 X 0 0 0 Wayne Doran 1.0 X 0 0 0 Stephen Evans 2.0 X 0 0 0 Juanita Francis 1.0 X 0 0 0 Ira Fulton 1.0 X 0 0 0 John Graham 1.0 X 0 0 0 Bob Johnson 1.0 X 0 0 0 Anne Mariucci 1.0 X 0 0 0 Morgan Olsen 1.0 X 0 0 0 Harry Papp 1.0 X 0 0 0 Gary Trujillo 1.0 X 0 0 0 Craig Weatherup 1.0 X 0 0 0 Kenneth Van Winkle 1.0 X 0 0 0 Greg Vogel 1.0 X 0 0 0 Scott Wald 1.0 X 0 0 0 Angelina Yin Cesal 1.0 X 0 0 0 Rick Shangraw 60.0 X 64326 0 5438 Virginia Foltz 50.0 X 193957 0 25571 Juliet A Lim 40.0 X 209743 0 31320 Johnnie D Ray 50.0 X 332473 0 15035 Augustine Cheng AZTE 40.0 X 474970 0 21652 Kenneth Polasko AZTE 40.0 X 197261 0 35525 Ann M Toca 40.0 X 205028 0 27359 Jane DiFolco Parker 40.0 X 288072 0 18748 Stephen Ponder 40.0 X 179396 0 32362 2145226 0 213010 35 false true false Cambridge Associates LLC PO Box 10317 UNIONDALE NY 115550317 consulting 1088864 Irell Manella LLP 1800 Avenue of the Stars 900 LOS ANGELES CA 900674276 AZTE legal advisory 695616 McDonnell Boehnen Hulbert Berghof 300 South Waker Drive Ste 1300 CHICAGO IL 606066709 AZTE legal advisory 312266 McAndrews Held Malloy Ltd 500 W Madison Street Ste 3400 CHICAGO IL 60661 AZTE legal advisory 261209 Fulbright Jaworski LLP 98 San Jacinto Blvd Ste 1100 AUSTIN TX 78701 AZTE legal advisory 233847 11 92735382 1654243 92735382 PROGRAM SUPPORT 541800 1017030 1014780 2250 BRICKYARD RENTAL 531120 3115214 3115214 4132244 14889322 -203749 15093071 0 0 972359 972359 972359 972359 561432217 547815016 13617201 13617201 13617201 0 0 0 ASSET MANAGEMENT FEES REVENUE 900099 1843741 1843741 MISCELLANEOUS 900099 3083963 3083963 4927704 131274212 9057698 -201499 29682631 54583425 54583425 0 0 0 367885 108931 191149 67805 9990 9990 4680333 663919 1776415 2239999 206254 37739 61570 106945 770264 114800 339790 315674 323025 42218 107175 173632 44800 29867 14933 1124147 1110708 13439 210634 36788 173846 345032 345032 180000 180000 1030077 550773 479304 1586516 1086210 226173 274133 424786 46625 31611 346550 1187748 578665 326482 282601 416455 35908 361510 19037 0 520560 416763 103797 704666 482297 60530 161839 0 206854 137929 33865 35060 2151339 1427300 724039 600000 600000 1784034 490070 1293964 335035 89456 245579 FEES & SUBSCRIPTIONS 431710 180120 170958 80632 MEALS AND CULTIVATION 2670225 1990093 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1000000 1000000 1000000 1000000 4000000 6000000 0 542087 437870 345032 1324989 250000 250000 250000 250000 1000000 1500000 0 94117 59081 0 153198 As part of its mission, ASU Foundation contributes to lobbying activities that support higher education in Arizona and the need for adequate funding to provide excellent educational opportunities for Arizona residents. false true 403582918 17233377 -6355550 13688776 6543146 394228823 337853340 20682854 65270036 12769824 7453488 403582918 309160513 18146275 28608138 11558372 6503214 337853340 364119943 27311927 -65128525 10606480 6536352 309160513 0.14575 0.85425 false false 6817806 6817806 36750000 19436160 4643090 51543070 5623069 4746287 876782 59237658 ADAGE CAPITAL PARTNERS 38035028 F GARDNER RUSSO SEMPER VIC PRTN 27946562 F SILCHESTER INTL VALUE EQUITY 19082170 F TIFF REAL ESTATE PARTNERS II 2445554 F PARK ST. NATURAL RESOURCES II 3367826 F KAYNE ANDERSON ENERGY FUND V 1330451 F COVENTRY RE FUND III-A 2223240 F BERKSHIRE MULTIFAMILY FUND III 2847005 F RESOURCE CAPITAL 1640133 F DAVIDSON KEMPNER INST PARTNERS 6495440 F STARK-SHEPHERD INTERNATIONAL 366899 F MASON CAPITAL 7686817 F TACONIC OFFSHORE 4124008 F CONTRARIAN FUND I OFFSHORE 1317064 F INDUS JAPAN 1938174 F YORK SELECT UNIT TRUST 1920862 F OWL CREEK OVERSEAS 3277346 F OCTAVIAN OFFSHORE FUND 986523 F GRUSS GLOBAL INVESTORS 6042291 F BENNETT RESTRUCTURING OFFSHORE 2295453 F VALINOR OFFSHORE 4454058 F ROYAL CAPITAL VALUE FUND 2455335 F NORTH RUN CAPITAL 1046571 F YORK EUROPEAN OPPORTUNITIES 3429244 F TIFF PARTNERS V 3773619 F PARK ST PRIVATE EQUITY VI 4171839 F PARK ST PRIVATE EQUITY VII 3923427 F SVB STRATEGIC INVESTORS III 4022914 F VARDE FUND X 3657237 F TIFF REALTY & RESOURCES II 3455827 F INDUS ASIA PACIFIC 3777751 F GCM LITTLE ARBOR PARTNERS 29885 F KNIGHTHEAD OFFSHORE FUND 4411405 F FLUIDIC FUEL CELL 980165 F ENERVEST 1438410 F SCOPIA 3421809 F SCOUT CAPITAL 4351089 F TUV RHEINLAND PTL LLC 397749 F BAIN ABSOLUTE RETURN 3923651 F CANYON BALANCED FUND 3140963 F LUXOR CAPITAL PARTNERS 3046340 F DIALECTIC CAPITAL PARTNERS 4385711 F ENCAP FLATROCK MIDSTREAM FUND 37500 F NEUROTREK, INC. 29022 F AZON TECHNOLOGIES CORP 16811 F AZTE GREEN TECH INVESTMENT 1543752 F 204690930 0 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 4107556 UNREALIZED SWAP LIABILITY 11051003 15158559 131274212 79081293 52192919 -38359343 3038529 -35320814 16872105 112152558 -38359343 19848879 -18510464 130663022 611190 611190 131274212 95280453 95280453 611190 -16810350 -16199160 79081293 Custodial Accounts 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. Endowment Use Description 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 XI, Line 8 Change in value of split interest agreements $120,326 Change in assets due to other entities 3,003,934 Income attributed to Taylor Trust reported on separate tax return (85,731) --------------- $3,038,529 Schedule D, Part XII, Line 2d Change in value of split interest agreements $120,326 Change in assets due to other entities 3,003,934 Income attributed to Taylor Trust reported on separate tax return (85,731) Brickyard Rental Expenses (2,051,188) ASU Expense Recovery 18,861,538 --------------- $19,848,879 Schedule D, Part XIII, Line 4b ASU Expense Recovery $(18,861,538) Brickyard Rental Expenses 2,051,188 -------------- $(16,810,350) Income Taxes 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, 2012, and does not anticipate a significant change for the following twelve months. As of June 30, 2012, the Foundation's fiscal years 2009 through 2012 for the federal and 2008 through 2012, for Arizona tax jurisdications remain open to examination. Central America and the Caribbean Investments 71829250 71829250 71829250 true false true true true false X X X X X true The Eudy Company LTD 4200 Massachusetts Ave NW 312 Washington DC 20016 Consulting false 174701 180000 0 174701 180000 0 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY true Arizona State University PO Box 870502 Tempe AZ 85287 860196696 115 53778397 Program Support Program Support Program Support Program Support Program Support Program Support Program Support Program Support ASU Alumni Association PO Box 873702 Tempe AZ 85287 866053009 501(c)(3) 23887 PROGRAM SUPPORT University of Arkansas 1 University of Arkansas Fayetteville AR 72701 716056774 501(c)(3) 213413 PROGRAM SUPPORT ASU Preparatory Academy PO Box 878405 Tempe AZ 85287 260664313 501(c)(3) 144118 Program Support Colorado State University 6003 Campus Delivery Fort Collins CO 80523 846000545 115 40000 program support Grambling State University 100 College Ave GSU Box 4292 Grambling LA 71245 726000751 501(c)(3) 40000 program support Texas Christian University TCU Box 297011 Fort Worth TX 76129 750827465 501(c)(3) 40000 program support University of South Carolina School of Journalism and Mass Commu Columbia SC 29208 576001153 115 40000 Program Support 5 3 Procedure for Monitoring Use of Grant Funds Inside U.S. 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 false false false false false false true false Virginia Foltz 193777 0 0 0 180 0 13301 0 12270 0 219528 0 0 0 Juliet A Lim 209563 0 0 0 180 0 15094 0 16226 0 241063 0 0 0 Johnnie D Ray 331222 0 0 0 1251 0 9800 0 5235 0 347508 0 0 0 Augustine Cheng AZTE 349604 0 107250 0 18116 0 18050 0 3602 0 496622 0 0 0 Kenneth Polasko AZTE 197261 0 0 0 0 0 14175 0 21350 0 232786 0 0 0 Ann M Toca 204821 0 0 0 207 0 14549 0 12810 0 232387 0 0 0 Jane DiFolco Parker 287458 0 0 0 614 0 17900 0 848 0 306820 0 0 0 Stephen Ponder 179396 0 0 0 0 0 12776 0 19586 0 211758 0 0 0 Housing allowance Schedule J, Part I, Line 1a The Sr VP & Managing Director of 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. 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. Industrial Devlpmt Auth of the City of Tempe AZ 860439481 87972FBD8 2003-10-28 47673436 Construct and equip facility false false false Industrial Devlpmt Auth of the City of Tempe AZ 860439481 87972MAB8 2004-07-01 22420000 Acquire Improve and Equip Facility false false false Industrial Devlpmt Auth of the County of Maricopa 860445263 2006-11-16 3300000 Lease computer system false false false 3070000 0 48246327 0 4695143 0 654122 518817 0 42378245 0 0 2005 false false true true 0 0 22175437 650000 0 0 277740 0 0 21247697 0 0 2004 false false true true 3300000 0 3374309 0 0 0 0 0 66000 3308309 0 0 2007 false false true true false true false false 0.02950 0.02950 true false false false false 0.00000 0.00000 true false false false false 0.00000 0.00000 true false false false 0 true AIG Matched Funding 3.3 true true false false true true Bank of America 30. false false false 0 true false false false false 0 false 0 false true X X 62 1654243 FMV false true false ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS REFERRED TO AS "ASUF" OR "THE FOUNDATION" IN THIS SCHEDULE Form 990, Part IV, Line 18 and Schedule G: ASUF conducts fundraising events in concert with Arizona State University. The Foundation's systems do not track individual fundraising events and detail is not readily available. 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 General Counsel. 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 Employee Relations 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 general counsel 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 5: Net Unrealized gains (losses) on investments (38,359,343) Change in Assets due to Other Entities 3,003,934 Change in Value of Split Interest Agreements 120,326 Change in Value of Unrealized Swap (4,530,579) __________________ Total Other Changes in Net Assets (39,765,662) AZ Science and Technology Enterprises PO Box 2260 Tempe AZ 85280 866051042 Intellec Prop AZ 3515221 8382178 NA ASUF LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ 51 40668619 NA ASUF Brickyard LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ -4125400 39921654 NA ASUF Scottsdale LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ -1594 337364 NA ASUF Dupont LLC PO Box 2260 Tempe AZ 85280 866051042 Real Estate AZ -555 17649 na ISW Technologies LLC PO Box 2260 Tempe AZ 85280 866051042 intellec prop AZ 0 0 az sci tech RH Technologies LLC PO box 2260 tempe AZ 85280 866051042 intellec prop AZ 0 0 az sci tech 3d cell technologies llc po box 2260 tempe AZ 85280 866051042 intellec prop AZ 0 0 az sci tech Taylor Trust FBO ASU Foundation PO Box 2260 Tempe AZ 85280 866252445 Support AZ 501(c)(3) 11(A) NA false AZTE Ventures Co 1475 N Scottsdale Rd Ste 200 Scottsdale AZ 85257 270151042 Solar Energy AZ NA C Corp 61761 406811 1.00000 Charitable Remainder Trust (21) CHARIT REM TR NA Trust false true false false false false false false false false true false false false false false false false Form 990, Schedule R, Part IV, Column C There are 20 charitable trusts with legal domicile in Oregon and 1 charitable trust with legal domicile in Nebraska. ASU Foundation for a New Ame PO Box 2260 Tempe AZ 852802260 866051042 0 345032 345032 67013146 67358178 1000000 250000 0 0 0 AZTE Ventures Co 1475 North Scottsdale Road Suite 20 Scottsdale AZ 852579908 270151042 0 0 0 0 0 0 0 0 0 0