2011-05-13T13:09:56-04:00 2010-06-30 ERNST & YOUNG US LLP 55 IVAN ALLEN BLVD SUITE 1000 ATLANTA GA 30308 990 2009-07-01 596211832 University of Central Florida Foundation Inc UNIV 4078821220 12424 Research Parkway Orlando FL 32826 GEORGE ROCKY YEARWOOD 2011-05-12 4048748300 2009 2016-02-24 21:20:13Z ROBERT J HOLMES JR - CEO 12424 RESEARCH PARKWAY ORLANDO FL 32826 85586037 false X www.ucffoundation.org X 1968 FL The UCF Foundation, Inc. is a not for profit organization that enhances the mission and vision of the University of Central Florida through its many fundraising activities. 47 44 0 600 210210 72375 14964623 9517815 612916 520121 -8396363 7451040 5740153 4078232 12921329 21567208 14785996 13446659 0 9257148 8371551 43530 6500 2822326 4241265 4812364 28327939 26637074 -15406610 -5069866 232873165 225958256 49152733 41755174 183720432 184203082 SEE SCHEDULE O false false 10447550 8636107 6228 ACADEMIC SUPPORT - SEE SCHEDULE O 3025711 2948702 2695 The UCF Foundation is dedicated to enriching the lives of UCF students; therefore, the Foundation solicits donations to support scholarships to benefit UCF students. Scholarships are designed to reward, encourage and assist students in pursuing academic excellence. Scholarships help attract a diverse student body that continues to bring various talents and ambitious goals to all facets to the university. Scholarship funds are transferred to the university for administration and processing. 2537407 5200 278166 The alumni program enhances the lives of UCF alumni, parents, students and friends and connects them by fostering mutually beneficial relationships. The alumni program provides meaningful services and engaging programs that inform, educate and inspire. 3457457 1856650 234692 19468125 true true false true false true false false true true true false false false true false false false true false false true true true true false false false false false false false false false true true true false false true false false false false true 53 0 true 0 true true false false false false true true false false false 47 44 true false true false false false false true true false true true true true true true true true false false false X X George 'Rocky' Yearwood 4078821220 12424 Research Parkway Suite 140 Orlando FL 32826 RITA ADLER 1.0 X 0 0 0 MELANIE FERNANDEZ 1.0 X 0 0 0 JAMES FERRELL 1.0 X 0 0 0 GEORGE GLANCE 1.0 X 0 0 0 SURESH GUPTA 1.0 X 0 0 0 ANTHONY NICHOLSON 1.0 X 0 0 0 HAROLD MILLS 1.0 X 0 0 0 MANHAR P RAMA 1.0 X 0 0 0 KEVIN BARKMAN 1.0 X 0 0 0 JANET PINO 1.0 X 0 0 0 BEAT KAHLI 1.0 X 0 0 0 JIM ATCHISON 1.0 X 0 0 0 DALE BENNETT 1.0 X 0 0 0 LARRY CHASTANG 1.0 X 0 0 0 CARI COATS 1.0 X 0 0 0 CAROL CRAIG 1.0 X 0 0 0 GERALD RUTBERG 1.0 X 0 0 0 KENNETH BRADLEY 1.0 X 0 0 0 JOANNE PUGLISI 1.0 X 0 0 0 TIM SENEFF 1.0 X 0 0 0 MICHAEL J GRINDSTAFF 1.0 X X 0 0 0 JEANETTE GOULD 1.0 X 0 0 0 RITA LOWNDES 1.0 X 0 0 0 JORGE LOPEZ 1.0 X 0 0 0 BLAINE SWEATT 1.0 X 0 0 0 SCOTT BUESCHER 1.0 X 0 0 0 MICHAEL MANGLARDI 1.0 X X 0 0 0 NAN MCCORMICK 1.0 X X 0 0 0 MARK CALABRESE 1.0 X X 0 0 0 MARCOS MARCHENA 1.0 X X 0 0 0 RASESH THAKKAR 1.0 X 0 0 0 LARRY TOBIN 1.0 X 0 0 0 CRAIG MILLER 1.0 X 0 0 0 OLGA R CALVET 1.0 X X 0 0 0 JOHN D' ALBORA 1.0 X 0 0 0 J GARY MAY 1.0 X 0 0 0 DR JOHN C HITT 40.0 X 0 0 0 KEITH F WHITE 1.0 X 0 0 0 JACOB V STUART 1.0 X 0 0 0 RAYMOND GILLEY 1.0 X 0 0 0 VANESSA LITTLETON 1.0 X 0 0 0 RANDY E BERRIDGE 1.0 X 0 0 0 RICHARD T CROTTY 1.0 X 0 0 0 BUDDY DYER 1.0 X 0 0 0 RICHARD WALSH 1.0 X 0 0 0 ANN SONNTAG 1.0 X 0 0 0 SETH BERNSTEIN 1.0 X 0 0 0 ROBERT J HOLMES JR 40.0 X 272613 0 37343 GEORGE A YEARWOOD 40.0 X 136149 0 36917 JOYCE HENCKLER 40.0 X 153076 0 26366 KIM MINANA 40.0 X 153038 0 23386 THOMAS MESSINA 40.0 X 143738 0 25641 JAMES STEWART 40.0 X 133542 0 25430 NANCY KEON 40.0 X 121445 0 18783 MARGARET JARRELL-COLE 40.0 X 110910 0 11838 JEANNINE STARR 40.0 X 109322 0 22856 1333833 0 228560 11 false true true CUSHMAN WAKEFIELD 12424 RESEARCH PARKWAY ORLANDO FL 32826 MANAGEMENT SERVICES 562949 D A BUILDING SERVICES 321 GEORGIA AVENUE LONGWOOD FL 32750 MAINTENANCE 432086 J TUFFORD ASSOCIATES 1031 SUNSHINE LANE ALTAMONTE SPRINGS FL 32714 CONSTRUCTION 296507 MECHANICAL SERVICES OF CENTRAL FLOR 9820 SATELLITE BLVD ORLANDO FL 32837 MAINTENANCE 271542 SHAFFER AC REFRIGERATION SERVICE 12488 KIRBY SMITH ROAD ORLANDO FL 32832 A/C & HEAT MAINT. 203737 16 255072 27890 3913734 5321119 40726 9517815 PROGRAM REVENUE 611710 520121 518024 2097 520121 2659015 2659015 0 255016 41900 213116 11347865 7666106 3681759 3681758 41952 3639806 61122306 56330281 4792025 4792025 4792025 35882 27890 22442 13440 13440 0 0 Advertising 541800 124261 124261 Miscellaneous Revenue 900099 3757 3757 128018 21567208 521781 210210 11317402 13436875 13436875 9784 9784 0 0 1067135 638263 269306 159566 0 5809457 1891967 2490655 1426835 480755 108094 182189 190471 670039 136580 304090 229369 344165 79387 133605 131172 0 25977 1535 20192 4250 140186 140186 0 170778 170778 0 0 6500 6500 152619 132817 19802 0 955361 718628 140362 96371 227663 145363 3260 79041 412213 212878 97030 102305 145367 2194 132279 10894 0 0 352163 295424 21576 35163 0 437443 360047 20268 57128 189840 189031 809 0 173877 6667 167210 106539 41571 61569 3399 Banquets & Receptions 368161 307030 9543 51587 Printing & Reproduction 159945 88091 15792 56062 External Event Sponsorships 143786 87478 0 56308 Rental - Other 141385 70181 49112 22092 DUES & MEMBERSHIPS - ORG 84883 74904 5218 4760 424179 262558 62569 99053 26637074 19468125 4346622 2822326 102100 102100 21774129 22633887 12912003 6647016 362588 256336 1137787 1102629 88315621 12942934 76080333 75372687 120365705 115207895 4476734 138520 158972 232873165 225958256 9692757 3072502 291908 215349 2765993 2604662 18785000 0 16758181 34959226 858894 903435 49152733 41755174 X 33370230 32209602 43645277 43358129 106704925 108635351 183720432 184203082 232873165 225958256 X false true true X false X 43021110 66756629 30259329 15149322 9661947 164848337 43021110 66756629 30259329 15149322 9661947 164848337 28746718 136101619 7094648 9406760 9979551 9204809 6511937 42197705 48866 51170 211458 253608 27878 592980 72481 327608 478611 132621 3757 1015078 208654100 1582222 0.65228 0.83642 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 170778 170778 false PART II-B, LINE 1-I DISCLOSURE OF LOBBYING EXPENSES The Foundation provides funding for governmental relations and lobbying efforts on behalf of the University. The government relations include cultivating, maintaining, and enhancing the link between UCF and the public it serves. The Foundation seeks to create and implement community-based programs. This is to increase knowledge and understanding of the university within key external communities. X 1 0.25 0 0 0 1 false 0.00 0 false 92261535 2017999 11461317 72140 614850 2265383 102788478 115271254 3017683 -19660744 953120 3410961 2002577 92261535 0.01000 0.99000 0.00000 false false 47640384 47640384 31989066 8607992 23381074 6990331 3532262 3458070 621064 486205 134859 1074776 316475 758300 75372687 0 ANNUITY PAYMENT LIABILITY 516536 COMPENSATED ABSENCES 365307 TENANT SECURITY & KEY DEPOSIT 21592 903435 21567208 26637074 -5069866 5552517 5552517 482651 34710350 5552517 7743244 13295761 21414589 152619 152619 21567208 34227699 7743244 7743244 26484455 152619 152619 26637074 PART II CONSERVATION EASEMENT The Foundation has one conservation easement (50 foot conservation easement for drainage along the easterly boundary of the property) which was included in the value of the land on the Foundation's balance sheet. PART V ENDOWMENT FUNDS The Foundation authorizes spending from its endowment to support the University's student scholarships, academic chairs, professorships, and academic programs. PART X, LINE 2 FIN 48 The Foundation's audited financial statements include the following footnote. As permitted by Government Accounting Standards Board (GASB) Statement number 20, Accounting and Financial Reporting for Proprietary Funds and Other governmental Entities That use Proprietary Fund Accounting, the Foundation has elected not to apply Financial Accounting Standards Board (FASB) statements and interpretations issued after November 30, 1989. Therefore the Foundation is not subject to FIN 48. PART XII, LINE 2D RECONCILIATION OF REVENUE Amounts included on Line 1, not on 990 Part VIII Line 12 total Revenue. The Foundation has $7,666,106 in rent expenses which are netted against rent revenue on the 990 but are included in expenses in the Foundation's audited financial statements. In addition, the Foundation has $22,442 in fundraising event expenses netted against Fundraising event revenue on the 990 but are included in expenses in the Foundation's audited financial statements. The Foundation has a reimbursement of $19,741 in professional fees which was recorded as revenue in the financial statements, but reclassified to expenses on the 990. The Foundation received a refund of $34,955 for unused salary expenses which was credited against salary expenses on the 990, but is recorded as miscellaneous revenue on the Foundation's audited financial statements. PART XII, LINE 4B RECONCILIATION OF REVENUE Amounts on 990, Part VIII line 12 total revenue not on line 1 of Part XII. The Foundation has $152,619 in investment fees. However, these investement fees are netted against investment revenue on the Foundation audited financial statements. PART XIII, LINE 2D RECONCILIATION OF REVENUE Amounts included on Line 1, not on 990 Part VIII Line 12 total Revenue. The Foundation has $7,666,106 in rent expenses which are netted against rent revenue on the 990 but are included in expenses in the Foundation's audited financial statements. In addition, the Foundation has $22,442 in fundraising event expenses netted against Fundraising event revenue on the 990 but are included in expenses in the Foundation's audited financial statements. The Foundation has a reimbursement of $19,741 in professional fees which was recorded as revenue in the financial statements, but reclassified to expenses on the 990. The Foundation received a refund of $34,955 for unused salary expenses which was credited against salary expenses on the 990, but is recorded as miscellaneous revenue on the Foundation's audited financial statements. PART XIII, LINE 4B RECONCILATION OF EXPENSES Amounts on 990, Part VIII line 12 total revenue not on line 1 of Part XII. The Foundation has $152,619 in investment fees. However, these investement fees are netted against investment revenue on the Foundation audited financial statements. Central America and the Caribbean 0 0 Program Services UCF program service - 34000 0 0 34000 Golf Tournament 15126 1100 14026 1157 3501 5292 Fndrsing event 15310 7625 7685 63 1580 2190 455 6 33336 19165 14171 28 4976 405 2795 63772 27890 35882 1248 1580 10667 405 8542 22442 13440 false University of Central Florida 4000 Central Florida Blvd Orlando FL 32816 592924021 501(c)(3) 12037778 FUNDING TO SUPPORT SCHOLARSHIPS AND PROGRAMS WHICH ARE ADMINISTERED BY THE UNIVERSITY. UCF Golden Knights Corporation Inc PO Box 163555 Orlando FL 32826 592334448 501(c)(3) 1200529 ATHLETIC STADIUM SUPPORT UCF Convocation Corporation Inc 4000 Central Florida Blvd Millican Hall 383 Orlando FL 32816 161733312 501(c)(3) 8083 CONVOCATION CENTER SUPPORT UCF Athletic Association Inc PO Box 163555 Orlando FL 32826 592334448 501(c)(3) 35982 ATHLETIC SCHOLARSHIP PROGRAM SUPPORT University Central Florida Research Foundation In 12201 Research Parkway Suite 501 Orlando FL 32826 593086453 501(c)(3) 104278 RESEARCH ACTIVITY SUPPORT Florida Hospital 601 East Rollins Street Orlando FL 32803 590724459 501(c)(3) 50225 MEDICAL RESEARCH SUPPORT 6 0 Books for students taking UCF Cornerstone class 800 5544 Travel and other payments for various students 60 4240 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants THE FOUNDATION MAINTAINS THE APPROVED EXPENDITURE REQUESTS WHICH SUBSTANTIATE THE GRANT AMOUNTS PROVIDED TO THE RECIPIENTS. THE FOUNDATION MAINTAINS DONOR INFORMATION, RELATED CONTRIBUTION DOCUMENTATION, AND ANY DONOR RESTRICTIONS OUTLINED BY THE DONOR INCLUDING SCHOLARSHIP CRITERIA. THE GRANTS ARE MADE TO UNIVERSITY OR UNIVERSITY AFFILIATED ENTITIES AND THE FOUNDATION RELIES ON THE POLICIES, PROCEDURES, AND CONTROLS ESTABLISHED BY THESE ENTITIES FOR EXPENDITURE TRACKING AND PROPER ADMINISTRATION OF THE GRANTS. FOR SCHOLARSHIP AWARDS, THE UNIVERSITY COLLEGES AND DEPARTMENTS ADMINISTER AND REVIEW STUDENT APPLICATIONS FOR THE SCHOLARSHIPS AND FINALIZE THE STUDENT RECIPIENTS IN ACCORDANCE WITH THE CRITERIA ESTABLISHED. ONCE THE RECIPIENTS AND AMOUNTS AWARDED ARE FINALIZED BY THE UNIVERSITY, THE UNIVERSITY SUBMITS DOCUMENTATION TO THE FOUNDATION TO TRANSFER FUNDS TO THE UNIVERSITY'S STUDENT FINANCIAL ASSISTANCE OFFICE FOR PROCESSING THE AWARD DIRECTLY TO THE STUDENTS. X X X true true X false false false false false false false false false ROBERT J HOLMES JR 229541 0 29000 0 14072 0 24338 0 13004 0 309955 0 0 0 GEORGE A YEARWOOD 134655 0 0 0 1494 0 18323 0 18595 0 173067 0 0 0 JOYCE HENCKLER 142023 0 0 0 11053 0 15081 0 11284 0 179441 0 0 0 KIM MINANA 140068 0 0 0 12970 0 14945 0 8441 0 176424 0 0 0 THOMAS MESSINA 135558 0 0 0 8180 0 14373 0 11268 0 169379 0 0 0 JAMES STEWART 130873 0 0 0 2669 0 14167 0 11263 0 158972 0 0 0 Supplemental Compensation Information The foundation provided first class travel to the President for health reasons and to accomodate preparation for meetings. Charter flights are provided for the President and other executive leadership to travel together and sufficiently prepare en route to meetings. The foundation paid social club dues or initiation fees, specifically for fundraising purposes, for certain employees listed in part vii. The personal portions of the membership are included in the individuals' taxable compensation. For various university employees, the foundation made supplement payments which included grossed-up amounts for tax purposes. The total grossed-up amounts were included in the employees' reportable taxable compensation. Payments from unrelated organization part ii All the employees listed in schedule J are employees of the University of Central Florida which has been determined to be an unrelated organization for purposes of 990 reporting. UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2008-12-30 10400000 refund prior issue (see sch. O) false false UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2009-12-17 12540000 refund prior issue (see sch. O) false false 10400000 0 0 0 0 0 0 2029 true false true true 12540000 0 0 0 0 0 0 2025 true false true true false true false true true 0.01920 0.01920 true false false false false false false false false false false false false DR JOHN HITT EXOFFICIO DIR OF UCFF 4745326 BOD SUNTRUST ORLANDO SEE SCH O false LARRY TOBIN DIRECTOR OF UCFF 210054 LOAN PAYMENT SEE SCH O false RITA LOWNDES DIRECTOR OF UCFF 194415 PAYMENT TO LAW FIRM SEE SCH O false X 2 0 X 6 40726 cost/selling price X OTHER (HISTORICAL DOCUMENTS) 1 0 0 3 false true true PART I, LINE 32A USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS The Foundation uses SunTrust as Custodian of investments. SunTrust sells any stock gifts received by the Foundation. Schedule M Line 1 Art-Works of Art The Foundation received gifts in kind works of art. These gifts in kind passed through the Foundation to the University and are not included in the Foundation's revenue because the Foundation serves only as an agent for the University. Schedule M Line 25 Other historical documents The Foundation received gifts in kind of historical documents for the library. These gifts in kind passed through the Foundation to the University and are not included in the Foundation's revenue because the Foundation serves only as an agent for the University. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION The UCF Foundation, Inc. is a not for profit organization that enhances the mission and vision of the University of Central Florida through its many fundraising activities. It is the channel for private support of the university in the form of annual and planned gifts, capital and other special-purpose campaigns. The central function of the foundation is to secure and manage the charitable resources of the university and to always act with integrity and honesty. This is carried out through relationship building among alumni, friends, faculty, staff, and community partners. The Foundation is a 501(c)(3) charitable organization and a direct support organization to the University of Central Florida. FORM 990, PART III, LINE 4A DESCRIPTION OF PROGRAM SERVICES FOR LINE 4A Academic support expenses paid in support of the University of Central Florida for programs which include capital funding, salaries for university employees, and support for the UCF health sciences campus. Academic support helps the university's outstanding faculty inspire students, foster and enhance strong academic programs, and serve as a key element to institutional greatness. Endowed chairs, eminent scholars, and distinguished visiting professors are prestigious academic positions held by the university's most accomplished faculty. Spending to support these positions means that academic excellence will be maintained. Support to research projects and innovative programs are at the heart of the UCF learning experience. Opportunities, curriculum development, internships, interdisciplinary work, experiential learning, and academic enrichment all require private support. FORM 990, PART III, LINE 4D DESCRIPTION OF OTHER PROGRAM SERVICES Other program support for the University include: Athletics expenses paid in support of the University of Central Florida programs assist UCF Athletics in enhancing the overall academic and athletic experience and help provide funds necessary for UCF Athletics to continue developing a nationally competitive athletics program. Funds help assist UCF Athletics in providing the resources necessary for UCF student-athletes to succeed in the classroom and competition. Research expenses paid in support of the University of Central Florida research programs. Research is conducted on an individual collaborative basis by faculty who focus on their particular areas of academic discipline. UCF has numerous nationally and internationally recognized research institutes devoted to innovative research and development. General university support paid support of other University of Central Florida departments and areas. FORM 990, PART VI, LINE 2 DESCRIPTION OF RELATIONSHIPS The Following Board of Directors have business relationships. Randy Berridge has a business relationship with Dr. John Hitt; Blaine Sweatt has a business relationship with Richard Walsh and Raymond Gilley has business relationships with Dr. John Hitt, Randy Berridge and Rasesh Thakkar. FORM 990, PART VI, LINE 4 DESCRIPTION OF SIGNIFICANT CHANGES TO ORGANIZING OR ENABLING DOCUMENT The Foundation updated its Bylaws during the fiscal year which were approved by the Board of Directors on June 30, 2010. Major modifications were made as follows: 1. Ex-Officio Directors added - The addition of the Chair of the Seminole County Board of County Commissioners and the Mayor of the City of Oviedo. The addition of the President of the UCF Athletics Association. 2. Quorum and Voting - The act of a majority of the elected directors and ex-officio directors present will be the act of the board. 3. Resignation and removal of directors and officers - The President of the University of Central Florida will have the abililty to remove ex-officio directors. 4. Audit Committee - The Audit Committee was added as a standing committee of the board. FORM 990, PART VI, LINE 11A DESCRIPTION OF THE PROCESS USED BY MANAGEMENT AND/OR GOVERNING BODY TO REVIEW 990 The following is the review and distribution process for the Foundation's annual Form 990. This process shall be followed each year prior to filing these documents with the IRS: 1. The CFO and COO or CEO shall review both the Form 990 and the Form 990-T and resolve any outstanding issues or questions with the independent accounting firm reviewing or preparing the Forms before distribution to the Audit Committee or the Board. It is the CFO's and CEO's responsibility to confirm that these Forms do not contain any untrue statements or omit any material facts as well as ensure the financial information fairly represents the Foundation's financial condition for the period being reported. 2. The Audit Committee shall review the draft Form 990 prior to filing with the IRS and shall document their discussion and review of the documents in the committee meeting minutes. Final review of the Form 990 is specifically delegated to the Audit Committee and no further review shall be required before such Forms are filed with the IRS. 3. The draft Form 990 shall be provided to each voting Board Member of the Board of Directors prior to filing with the IRS. Distribution may be in the form of electronic mail, notification link to an electronic website, or actual mailing of the document. FORM 990, PART VI, LINE 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST All directors, officers, committee members and key employees shall be required to complete an annual disclosure form. This annual disclosure form will request specific information regarding the terms of any contract or transaction with the foundation and whether process for approval set forth in this policy was used. An interested person who has or learns about a potential conflict should disclose promptly to the Chair of the Board Due Diligence Committee and the foundation's CFO the material facts surrounding any potential conflict of interest, including specific information concerning the terms of any contract or transaction with the foundation. All effort should be made to disclose any such contract or transaction and have it approved by the committee before the arrangement is entered into. Following receipt of information concerning a contract or transaction involving a potential conflict of interest, the Board Due Diligence Committee shall consider the material facts concerning the proposed contract or transaction, including the process by which the decision was made to recommend entering into the arrangement on the terms proposed. The committee shall approve only those contracts or transactions in which the terms are fair and reasonable to the foundation and the arrangement are consistent with the best interest of the foundation. Fairness includes, but is not limited to, the concepts that the foundation should pay no more than fair market value for any goods or services which the foundation receives and that the foundation should receive fair market value consideration for any goods or services that it furnishes others. When an interested person becomes aware of a proposed conflict of interest transaction, he or she will have a duty to take the following actions: (a) immediately disclose the existence and circumstances of such conflict of interest transaction to the Chair of the Due Diligence Committee and to the Foundation's CFO; (b) refrain from using his or her personal influence to encourage the foundation to enter into the conflict of interest transaction; (c) and physically recuse themselves from participation in any discussions regarding the conflict of interest transaction with officials of the foundation, at meetings of the board of directors, and with other members of the foundation community, except to respond to requests for information about the conflict of interest transaction. An interested person may make a presentation at the committee meeting, but after the presentation, he or she shall leave the meeting during the discussion of and the vote on the transaction or arrangement that results in the conflict of interest. FORM 990, PART VI, LINE 15A PROCESS FOR DETERMINING COMPENSATION OF EXECUTIVES The University human resources department reviews comparable salary data. Market data from salary survey sources is used to assign an accurate value to the postion in the external labor market. Survey matches ae based on the primary job duties of the position. The survey data provides salary and demographic data for selected positions nationwide and are reported in a statistical format indicating the average and median salaries and additional percentiles (i.e. 25th 75th). FORM 990, PART VI, LINE 19 AVAILABILITY TO PUBLIC OF ORGANIZATION INFORMATION The Foundation's governing documents, conflict of interest policy, 990 tax documents, and financial statements are published on the Foundation's website, the policy IQ software, or available upon request. SCHEDULE L, PART IV TRANSACTIONS WITH INTERESTED PERSON - LARRY TOBIN Mr. Tobin is President and CEO of Fairwinds Credit Union. The Foundation obtained a line of credit from Fairwinds Credit Union in 2004. A competitive request for proposals was issued to bank and credit institutions for the construction of the Alumni Center, with Fairwinds providing the most favorable terms. Subsequent to this transaction, during 2009, Mr. Tobin became a member of the Foundation's Board of Directors. The transaction amount relates to payments of principal and interest related to the bank loan originally obtained for the construction. SCHEDULE L, PART IV TRANSACTIONS WITH INTERESTED PERSON - DR JOHN HITT Dr. Hitt is a Director of SunTrust, Central Florida. The UCF Foundation previously obtained several real estate loans from SunTrust Banks and made principal and interest payments during the current year to SunTrust Banks for these loans. In addition, the UCF Foundation has made payments to Suntrust Banks for custodial services related to the Foundation's investments. SCHEDULE L, PART IV TRANSACTIONS WITH INTERESTED PERSON - RITA LOWNDES Rita Lowndes' family member is a partner at Lowndes, Drosdick, Doster, Kantor, and Reed. The Foundation pays the law firm for services related to real estate and litigation and the payments are based on a flat rate per hour. The cost per hour has been determined to be within a competitive market price range by the Foundation Legal Counsel and has been approved by the foundation's CEO. SCHEDULE K, PART I, COLUMN F TAX EXEMPT ISSUE 10,400,000 Refund of prior issue from 12/21/2004. 2004A and 20004B Series Notes. Issue price was $10,400,000.00 for the University Tower and The Bio-Molecular Research Annex Building. The two office buildings were acquired for use by the University of Central Florida. SCHEDULE K, PART I, COLUMN F TAX EXEMPT ISSUE 12,540,000 Refund of prior issue from 02/08/96. The Foundation had bonds for the following buildings: 1996 A Research Pavilion, partial bond funding on 2000 A Orlando Tech Center. The buildings were purchased for use by the University of Central Florida. Univ Central Florida Real Estate Fdn LLC 12424 Research Pkwy Ste 140 Orlando FL 32826 596211832 Real Estate FL 0 28701403 NA Knights Krossing Student Housing LLC 12424 Research Pkwy Ste 140 Orlando FL 32826 596211832 Real Estate FL 0 9733000 NA