2012-05-07T10:14:29-05:00 2011-06-30 Deloitte Tax LLP 111 Monument Circle Suite 2000 Indianapolis IN 462045108 990 2010-07-01 356018940 Indiana University Foundation INDI 8128558311 PO Box 500 Bloomington IN 47402 Eugene R Tempel 8128558311 2012-04-30 1 3174648600 2010 2016-02-24 21:20:13Z Eugene R Tempel PO Box 500 Bloomington IN 47402 4212840450 0 X www.iuf.indiana.edu X 1936 IN To maximize philanthropic support for Indiana University 22 20 762 1500 159393 0 216728663 103770772 22692231 21248285 231106857 616010889 6168892 10170743 476696643 751200689 145703725 102173548 0 0 17971542 16591532 0 0 16997297 38439234 26710817 202114501 145475897 274582142 605724792 1767560954 2054874726 281293610 313266761 1486267344 1741607965 The mission of the Indiana University Foundation is to inspire donors to invest in Indiana University's power to transform lives and better the state, nation and world. 0 0 102173548 102173548 15155470 In accordance with the stated donor intent, IUF provides grants, scholarships, awards, Endowed Chairs & Professorships, fellowships, etc to members of the IU community. 16404368 13874180 IUF is responsible for the investment and management of funds raised for the benefit of IU 118577916 1 1 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 461 0 1 762 1 1 1 0 0 0 0 1 1 1 3 0 0 0 X 22 20 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IN X Gina M Reel CPA 8128558311 PO Box 500 Bloomington IN 47402 Eugene R Tempel 40.00 X X 364771 0 50356 Kathryn E Booth 0.00 X 0 0 0 William P Carmichael 0.00 X 0 0 0 Alecia A DeCoudreaux 0.00 X 0 0 0 Clarence H Doninger 0.00 X 0 0 0 David G Elmore 0.00 X 0 0 0 David C Evans 0.00 X 0 0 0 Jean A Ford 0.00 X 0 0 0 Richard E Ford 0.00 X 0 0 0 Ezra H Friedlander 0.00 X 0 0 0 Jack M Gill 0.00 X 0 0 0 Moses W Gray 0.00 X 0 0 0 Ann L Harrison 0.00 X 0 0 0 Steven H Henke 0.00 X 0 0 0 Adam W Herbert Jr 0.00 X 0 0 0 Jay B Hunt 0.00 X 0 0 0 V William Hunt 0.00 X 0 0 0 David H Jacobs Jr 0.00 X 0 0 0 Robert W Lanum 0.00 X 0 0 0 Dale Ellen Leff 0.00 X 0 0 0 Jane H Martin 0.00 X 0 0 0 William G Mays 0.00 X 0 0 0 Patricia Miller 0.00 X 0 0 0 Randall C Morgan Jr 0.00 X 0 0 0 Norman E Pfau Jr 0.00 X 0 0 0 Lynn E Reichle 0.00 X 0 0 0 Thomas D Rush 0.00 X 0 0 0 Scott C Schurz 0.00 X 0 0 0 Richard C Searles 0.00 X 0 0 0 Patrick A Shoulders 0.00 X 0 0 0 Cynthia Simon Skjodt 0.00 X 0 0 0 Julie Inskeep 0.00 X 0 0 0 James Sinclair 0.00 X 0 0 0 Fred Steingraber 0.00 X 0 0 0 Milton R Stewart 0.00 X 0 0 0 Stephen A Stitle 0.00 X 0 0 0 Gregg T Summerville 0.00 X 0 0 0 W Michael Wells 0.00 X 0 0 0 Desmond C Wong 0.00 X 0 0 0 Richard E Woosnam 0.00 X X 0 0 0 S Sue Aramian 0.00 X 0 0 0 Glenn L Banks 0.00 X 0 0 0 Richards D Barger 0.00 X 0 0 0 Clarence W Boone Sr 0.00 X 0 0 0 Bill C Brown 0.00 X 0 0 0 Gayle K Cook 0.00 X 0 0 0 James W Cozad 0.00 X 0 0 0 Donald C Danielson 0.00 X 0 0 0 Don B Earnhart 0.00 X 0 0 0 Ellen C Gignilliat 0.00 X 0 0 0 Alan B Gilman 0.00 X 0 0 0 Lawrence D Glaubinger 0.00 X 0 0 0 John F Kimberling 0.00 X 0 0 0 PA Mack Jr 0.00 X 0 0 0 Robert H McKinney 0.00 X 0 0 0 Joseph T Morrow 0.00 X 0 0 0 John D Peterson Jr 0.00 X 0 0 0 Ernestine M Raclin 0.00 X 0 0 0 J Fred Risk 0.00 X 0 0 0 James R Hodge 0.00 X 0 0 0 Charles J Van TasselJr 0.00 X 0 0 0 Robert A Borns 0.00 X 0 0 0 Thomas Ehrlich 0.00 X 0 0 0 Fredrick F Eichhorn Jr 0.00 X 0 0 0 Harry L Gonso 0.00 X X 0 0 0 Charles E Lanham 0.00 X 0 0 0 Thomas M Lofton 0.00 X 0 0 0 Phyllis E McCullough 0.00 X 0 0 0 James T Morris 0.00 X 0 0 0 Georgette Mosbacher 0.00 X 0 0 0 Frank P Popoff 0.00 X 0 0 0 Jill S Ruckelshaus 0.00 X 0 0 0 Marianne W Tobias 0.00 X 0 0 0 John D Walda 0.00 X 0 0 0 John Shoemaker 0.00 X 0 0 0 Sandra E Laney 0.00 X 0 0 0 Gary J Anderson 0.00 X 0 0 0 Lacy M Johnson 0.00 X 0 0 0 Michael McRobbie 0.00 X X 0 0 0 Michael D Shumate 0.00 X 0 0 0 Stephen R Springer 0.00 X 0 0 0 Randall L Tobias 0.00 X 0 0 0 William Cast 0.00 X 0 0 0 Thomas E Reilly Jr 0.00 X 0 0 0 Sanjay Subhedar 0.00 X 0 0 0 Christel DeHaan 0.00 X 0 0 0 James P Perin 40.00 X 228470 0 58676 Gina M Reel 40.00 X 131589 0 26493 Kent Dove 40.00 X 68740 0 11493 Philippa Guthrie 40.00 X 183037 0 30719 Karen Pieper 40.00 X 75664 0 20809 Gary Stratten 40.00 X 214401 0 63800 Janice Kent 40.00 X 52186 0 20855 William Heller 40.00 X 0 0 0 Steven A Martin 0.00 X 0 0 0 Marti Heil 40.00 X 267126 0 43357 Paula Jenkins 40.00 X 37757 0 7707 Dorothy Metaj 40.00 X 67661 0 13014 Curt Simic 40.00 X 365163 0 92511 Mary Bonk 40.00 X 138252 0 30990 Sheila Decker 40.00 X 127521 0 40500 Eileen Savage 40.00 X 144824 0 32855 John Keith 40.00 X 140806 0 41437 Jeff Lindauer 40.00 X 149117 0 26254 Myles Brand X 0 0 0 Tom Herbert 40.00 X 16228 0 1836 Bert A Getz 0.00 X 0 0 0 2757085 0 611826 24 0 1 1 Alliance Bernstein LP PO Box 7247-7497 Philadelphia PA 19170 Investment Manager 979697 Snyder Capital Management One Market Plaza Steuart Tower Su San Francisco CA 94105 Investment Manager 547455 Templeton Investment Management Counsel 500 E Broward Blvd Suite 2100 Fort Lauderdale FL 33394 Investment Manager 440109 Champlain Investment Partners 346 Shelburne Road 6th Floor Burlington VT 05401 Investment Manager 420755 William Blair & Company 222 W Adams Street Chicago IL 60606 Investment Manager 367797 12 7613 103763159 5864292 103770772 Management Fees 900099 13874180 13874180 Dev Service Fee 900099 4923219 4923219 Telefund Service Fee 900099 1416306 1416306 Other Income 900099 1034580 957997 76583 21248285 8736588 8736588 2256657 2256657 3778234 2030816 1747418 1747418 1747418 4066416001 3459141700 607274301 607274301 607274301 440573 7613 467245 -26672 -26672 Other Income 900099 6033947 6033947 Income/Loss from K-1's 525990 159393 159393 6193340 751200689 28953067 159393 618317457 102093990 102093990 79558 79558 2496355 918865 1577490 9502821 3497825 6004996 1120274 412354 707920 2568939 945582 1623357 903143 332431 570712 554712 204180 350532 153580 56530 97050 173327 63799 109528 562021 206870 355151 44291 16303 27988 1854408 682576 1171832 337707 124304 213403 869821 320166 549655 1460348 537529 922819 169393 62351 107042 272953 100469 172484 2425280 892704 1532576 318393 117195 201198 Investment Mgmt Fees 16404368 16404368 Other Expenses 1110215 408651 701564 145475897 118577916 9900684 16997297 220168637 205497810 161066796 152765209 16583347 18234940 741467 722006 86238203 16826572 62463254 69411631 701173487 852960968 605363966 755282162 1767560954 2054874726 7317071 4646159 3358083 4110499 270618456 304510103 281293610 313266761 X 23145291 35243235 620028126 693053391 843093927 1013311339 1486267344 1741607965 1767560954 2054874726 X 605724792 -350384171 X 0 1 1 X 0 X 191840423 245955535 121323055 216728663 103770772 879618448 191840423 245955535 121323055 216728663 103770772 879618448 205869499 673748949 20893030 -38962293 67791530 32882353 11089071 93693691 251986 -1936940 -3485825 -2272707 159393 -7284093 6338580 7655971 2285096 5178962 6033947 27492556 993520602 107575669 0.67810 0.69600 X Schedule A, Part IV, Supplemental Information: Schedule A, Part II, Line 10, Explanation for Other Income: 2006 Misc Income $6,338,580 2007 Misc Income $7,655,971 2008 Misc Income $2,285,096 2009 Misc Income $5,178,962 2010 Misc Income $6,033,947 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.00 1 1 0 1 0 10.00 0 1 1196764277 78230329 231623300 -66432111 1440185795 1115937927 107663394 47307981 -74145025 1196764277 1422762970 59647302 -299258770 -67213575 1115937927 0.01700 0.63100 0.35200 0 0 15682812 31925918 47608730 33117396 12505104 20612292 124984 70496 54488 3616645 2546953 1069692 1770448 1704019 66429 69411631 Institutional Funds, Cash and Equiv & Commercial Paper 41083431 F Private Equity 714198731 F 755282162 Accumulated Trust Liability 31288448 Collateral Under Securities Lending Agreement 60842050 Due to Indiana University 196092687 Assets Held for University Affiliates 16286918 304510103 751200689 145475897 605724792 -357488565 7104394 -350384171 255340621 379646424 -357488565 2498061 -354990504 734636928 16563761 16563761 751200689 124305803 2498061 2498061 121807742 23668155 23668155 145475897 Description of How Organization Reports Conservation Easements: Part II, Line 9: IUF reports its conservation easement on the income statement consistent with treatment for ordinary revenues and expenses on the financial statements. The building with the historical easement is being reported on the balance sheet at cost and is being depreciated over the life of the building. Part XI Line 8 Detail: Change in Value of Split Interest Agreement $7,263,787 Income/Loss from K-1's ($159,393) Part XII Line 2d Detail: Part XII Line 4b Detail: Rental Expense $2,030,816 Management Fees $16,404,368 Fundraising Event Exp $467,245 Income/Loss from K-1's $159,393 Part XIII Line 2d Detail: Part XIII Line 4b Detail: Rental Expense $2,030,816 Management Fee $16,404,368 Fundrais. Event Exp. $467,245 Chng in Val Split Int $7,263,787 Schedule D, Part X, Line 2 explanation: In June 2006, the Financial Accounting Standards Board (FASB) issued ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), which prescribed a comprehensive model for how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. The Foundation adopted ASC 740-10 as of July 1, 2010. There was no impact to the Foundation's financial statements as a result of the implementation of ASC 740-10. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Foundation believes it is no longer subject to income tax examinations for years prior to 2008. As of June 30, 2011 the Foundation has no uncertain tax positions. Central America and the Caribbean 0 0 Investment 260125874 Europe (Including Iceland & Greenland) 0 0 Investment 15678535 East Asia and the Pacific 0 0 Fundraising 24640 Europe (Including Iceland & Greenland) 0 0 Fundraising 14197 0 0 0 275843246 0 275843246 1 0 1 1 1 0 Little 500 Races 411753 4315 407438 0 59584 95071 280320 Armstrong Memorial Golf Outing 15448 3298 12150 15327 2 20985 20985 3528 13415 448186 7613 440573 63112 95071 309062 467245 -26672 1 Indiana University 401 E 7th Street Bloomington IN 47405 356001673 501(c)(3) 33192348 University Support Indiana University 401 E 7th Street Bloomington IN 47405 356001673 501(c)(3) 30482748 Student Scholarship and Financial Aid Indiana University 401 E 7th Street Bloomington IN 47405 356001673 501(c)(3) 22253585 Faculty Support & Research Indiana University 401 E 7th Street Bloomington IN 47405 356001673 501(c)(3) 16165309 Endowment and Capital Additions 1 0 Scholarships, general 12 79558 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The grant and assistance payments are verified with internal documents to ensure donor intent and criteria have been met before the payments are made. X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 Eugene R Tempel 284211 0 0 0 80560 0 31410 0 18946 0 415127 0 0 0 James P Perin 211609 0 0 0 16861 0 36876 0 21800 0 287146 0 0 0 Gina M Reel 129960 0 0 0 1629 0 14309 0 12184 0 158082 0 0 0 Philippa Guthrie 170199 0 0 0 12838 0 20202 0 10517 0 213756 0 0 0 Gary Stratten 201383 0 0 0 13018 0 35262 0 28538 0 278201 0 0 0 Marti Heil 251250 0 0 0 15876 0 31410 0 11947 0 310483 0 0 0 Curt Simic 240038 0 0 0 125125 0 80000 0 12511 0 457674 0 0 0 Mary Bonk 131697 0 0 0 6555 0 14779 0 16211 0 169242 0 0 0 Sheila Decker 125892 0 0 0 1629 0 14089 0 26411 0 168021 0 0 0 Eileen Savage 143195 0 0 0 1629 0 16519 0 16336 0 177679 0 0 0 John Keith 139177 0 0 0 1629 0 16519 0 24918 0 182243 0 0 0 Jeff Lindauer 147488 0 0 0 1629 0 16896 0 9358 0 175371 0 0 0 Part I, Line 1a Travel for Companions: The Indiana University Foundation maintains a policy governing all business expenses which prohibits companion related expenses except for the specifically defined role of Associate to the IU Foundation President. The duties of this position, which are outlined in a formal policy and support the organization's mission, are fulfilled by the IUF President & CEO's spouse. The Associate to the IU Foundation President incurs business related expenses on behalf of the IUF and those amounts are not treated as taxable. In all cases travel for companions is considered in the Foundation's efforts to ensure compliance with the intermediate sanctions law. Tax indemnification and gross-up payments: Tax indemnification and gross-up payments are only paid to staff in limited circumstances, and must be approved in accordance with Indiana University Foundation policies governing these types of payments. In the case of disqualified persons, indemnification payments are considered in the Foundation's efforts to ensure compliance with the intermediate sanctions law. At least annually, the expenses incurred by all employees are reviewed to ensure appropriate taxation and reporting. Gross-up payments are established taking into account an estimated tax rate. However, employees receiving the payment are not grossed up for actual taxes incurred. The following gross-up payments were provided in 2010 in connection with the following items, and in all cases were treated as taxable income to the recipient: With the approval by the IUF Chief Financial Officer: *a wireless communication allowance for cell phone and data services is made available to those staff who demonstrate a business purpose for these types of payments such as staff who have need to have access via cell and data communication and information after hours. During 2010 eighty-one(81) employees received a wireless communication allowance. With the approval of the IUF Board of Directors: *allowances are made available to the IU Foundation President & CEO for housing, long-term disability, and supplemental retirement payments to provide future retirement restoration. *allowances for vehicles are made available to Vice Presidents, Senior Vice Presidents, and the President & CEO of the IU Foundation. Housing allowance or residence for personal use: Upon approval by the IUF Board of Directors, the Indiana University Foundation provides a housing allowance and leases a residence to the IUF President & CEO. The lease is an arm's length transaction and is at market rates. The housing allowance is treated as income and taxed accordingly. The residence is also utilized for various Indiana University and IU Foundation business related functions and receptions. Housing allowance is considered in the Foundation's efforts to ensure compliance with the intermediate sanctions law. Health or social club dues or initiation fees: The Indiana University Foundation maintains a policy governing all business expenses including payment of club dues. Generally, health or social club dues and fees are not permitted but may be authorized for certain executive level managers by the IUF Board of Directors. Club memberships that have been authorized are the IUF President & CEO's membership in the University Faculty Club and the Rotary Club of Indianapolis. These dues were not treated as taxable income due to the business nature of the membership. Social club dues are considered in the Foundation's efforts to ensure compliance with the intermediate sanctions law. Part I, Line 4b Part I, Line 4b: The following individuals received contributions to a non-qualified deferred compensation plan: Curtis Simic ($80,000), James Perin ($10,000) & Gary Stratten ($10,000). Supplemental Information Part III Form 990 - Part VII - Question 5 detail: Name: William Heller Unrelated organization: Indiana University Amount of compensation paid: $157,812 REI Real Est Partnership See Part V 101356 See Part V 0 Schedule L, Part IV, Business Transactions Involving Interested Persons b) IUF Fiduciary Director and Director of REId) Thomas Reilly, Jr. is an Indiana University Trustee who has been appointed by Indiana University to the IU Foundation Board. Mr. Reilly is also a Director of REI Real Estate Partnership, LP. The IU Foundation leased building space for its Indianapolis office through REI Real Estate Partnership, LP. The lease predates Mr. Reilly's appointment to the IU Foundation Board. All transactions occur at market rates and at arm's length. X 2 8745 Opinion of Expert X 19433 Cost X 1 89874 Opinion of Expert X 517 4847518 Listed Values X 5 661800 Professional Appraisals X 7 42181 Opinion of Expert X 6 1237 Cost X Gift Cards/Tickets 74 13056 Face Value X Insurance Policies 3 180448 Face Value 29 0 1 1 Third Party Use: Part I, Line 32b: IUF hires Realtors and Auctioneers to assist with selling donated items. Form 990, Part VI, Section A, line 2 John Peterson, IUF Non Fiduciary Director, and Donald Danielson, IUF Non Fiduciary Director, are Chairman and Vice-Chairman of City Securities Corp, respectively. Additionally, John Peterson and Donald Danielson are brothers-in-law. John Biddinger, brother-in-law of IUF Non-Fiduciary Director, V. William Hunt, is a Director at City Securities Corp. Gayle Cook, IUF Non Fiduciary Director and Phyllis McCullough, IUF Honorary Director, are Co-Owner and Executive Vice Chairman, respectively, of Cook Group, Inc. Michael McRobbie, Board Chair, Thomas Reilly, Jr., IUF Fiduciary Director and James T. Morris, IUF Non Fiduciary Director are directors of OneAmerica Financial Partners, Inc. Lacy M. Johnson, IUF Non Fiduciary Director and Harry L. Gonso, IUF Vice Chairman are partners at Ice Miller, LLP. Form 990, Part VI, Section A, line 4 The Indiana University Foundation remains vigilant in evaluating best practices and corporate governance structures to provide increasingly effective governance, programs and services. As such, in October 2010, the IUF Board of Directors elected to restructure and to modify specific governing documents. The significant changes adopted by the Board included: 1. The establishment of a classification of "Directors with fiduciary responsibility". These directors represent the legal and fiduciary governing body for the IUF. The number of directors with fiduciary responsibility shall be up to 24, more than half of which shall be independent directors. The number of these directors may be increased or decreased from time to time by resolution of the Board; provided, however, that there shall not at any time be more than 30 nor less than 5. A director with fiduciary responsibility may serve for a total of four three-year terms. 2. The Board of Directors shall consist of up to 100 members. 3. The quorum required for the Board or a Board committee to take action was changed to one-half of the Directors in office at the time of the action. 4. The standing committees of the Board were revised to include: Executive, Audit, Investment, Committee on Directors and Governance, Legal Affairs, Finance, and Real Estate. Each committee revised its charter to clarify responsibilities in light of the overall Board restructuring. 5. The revised IUF By-laws noting the above changes were approved at the October 2010 meeting. Form 990, Part VI, Section B, line 11 The Form 990 is completed by Indiana University Foundation staff. A management team comprised of the Senior Vice President, Finance and CFO; Vice President and General Counsel; Assistant Vice President and Controller; Assistant Vice President and Chief Compliance Officer; and Director, Investment & Tax Accounting review the Form 990 including all schedules line by line to determine accuracy and validity. The Indiana University Foundation engages an independent accounting firm to review the Form 990. The President & CEO then reviews and signs the Form 990 and the independent accounting firm signs as preparer. The Indiana University Foundation Audit Committee reviews the completed Form 990, including all schedules. Once signed, an electronic version of the Form 990 is made available to the Indiana University Foundation Board of Directors via the internet. The Form 990 is then filed electronically with the IRS. Form 990, Part VI, Section B, line 12c Each July, the Indiana University Foundation provides a copy of its Conflicts of Interest Policy to all directors and officers. Directors and officers are required to read and comply with the policy which requires, at a minimum, annually disclosing the existence or non-existence of any conflicts of interest, real or perceived, in writing to the Indiana University Foundation Corporate Secretary. The disclosures are reviewed by Indiana University Foundation staff including the Senior Vice President, Finance and CFO; Vice President and General Counsel; Vice President and Chief Investment Officer; Corporate Secretary; Assistant Vice President and Chief Compliance Officer; and the Executive Director, Real Estate to determine validity and completeness based on staff knowledge of Indiana University Foundation activities and transactions. The results of this review, along with every disclosure in its entirety, are provided to the Indiana University Foundation Audit Committee Chair and Vice Chair. A report is then made by the Audit Committee Chair to the full Audit Committee. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation nominating and executive committees. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation Board and all relevant Board committees. In addition to the Conflicts of Interest Policy, each July the Indiana University Foundation provides a background survey and a request for information for Form 990 disclosures to all officers and directors. As with the Conflicts of Interest, disclosures related to the survey and Form 990 are reviewed by staff and provided verbatim to the Indiana University Foundation Audit Committee Chair and Vice Chair. A report is then made by the Audit Committee Chair to the full Audit Committee. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation nominating and executive committees. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the Indiana University Foundation Board and all relevant Board committees. Form 990, Part VI, Section B, line 15 Each June, the Indiana University Foundation Compensation Committee approves the compensation arrangements for disqualified persons in accordance with IRS regulation section 53.4958-6 "Rebuttable presumption that a transaction is not an excess benefit transaction". Individuals defined as disqualified persons who receive compensation from the Indiana University Foundation include: the President & Chief Executive Officer; Senior Vice President and Chief Financial Officer; Vice President for Development; Vice President, Investments; Vice President for Development, Regional Campuses; Vice President and General Counsel; Associate Vice President, Finance; Corporate Secretary; Vice President for Development, Indianapolis; IU Foundation President Emeritus; and the Indiana University Associate to the President. The compensation arrangement for each individual is approved in advance for the upcoming fiscal year period July 1 thru June 30 by the Compensation Committee which is an authorized body of the Indiana University Foundation Board of Directors. The Compensation Committee is composed entirely of independent directors who do not have a conflict of interest (within the meaning of paragraph (c)(1)(iii) of section 53.4958-6) with respect to the compensation arrangement for each disqualified person. The Compensation Committee determines if each compensation arrangement in its entirety is reasonable through the use of relevant information including, but not limited to, compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions; the availability of similar services in the geographic area of the applicable tax-exempt organization; current compensation surveys compiled by independent firms; and actual written offers from similar institutions competing for the services of the disqualified person. Upon approval of the compensation arrangement for each disqualified person, the Compensation Committee provides written documentation noting the terms of the transaction that was approved and the date it was approved; the members of the Committee who were present during debate on the arrangement that was approved and those who voted on it; the comparability data obtained and relied upon by the Committee and how the data was obtained; and, if applicable, any actions taken with respect to consideration of the arrangement by anyone who is otherwise a member of the Committee but who had a conflict of interest with respect to the arrangement. The Compensation Committee's most recent review and approval of compensation arrangements for all disqualified persons was June 16, 2011. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest and financial statements are available to the public on the IU Foundation's public website; www.iufoundation.iu.edu. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -357,488,565. Change in Value of Split Interest Agreement 7,263,787. Income/Loss from K-1's -159,393. Total to Form 990, Part XI, Line 5: -350,384,171. Additional Explanation for Fundraising Events Schedule G, Part II IUF annually holds the Little 500 Races. While this event does raise some funds, its main objective is to increase awareness of Philanthropy among the student population and create bonds upon which to base future giving potential.