2011-11-15T09:00:33-05:00 2011-06-30 EHRHARDT KEEFE STEINER & HOTTMAN PC 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2010-07-01 237098397 Colorado State University Foundation COLO 9704917135 PO Box 1870 Fort Collins CO 80522 KATHLEEN HENRY 9704917135 2011-11-14 true CRAIG R CHOUN 3037409400 2010 2016-02-24 21:20:13Z KATHLEEN HENRY PO BOX 1870 FORT COLLINS CO 80522 92825969 false X WWW.CSUFOUNDATION.ORG X 1970 CO Colorado State University Foundation receives, manages, and invests gifts to promote, develop, and enhance facilities and educational programs and opportunities of faculty, students, and alumni of CSU. 4 3 14 5 -117546 -414539 25608677 45036387 0 0 16832941 12014065 -70652 2414 42370966 57052866 29531241 23482919 0 0 1027360 1050694 0 0 0 5175287 5979768 35733888 30513381 6637078 26539485 254809590 327095080 12603739 14081310 242205851 313013770 X COLORADO STATE UNIVERSITY FOUNDATION (CSUF) ASSISTS IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND ENHANCEMENTS OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). THIS IS ACCOMPLISHED THROUGH RECEIVING, MANAGING AND INVESTING GIFTS. PRINCIPAL AND/OR INCOME FROM THESE GIFTS ARE USED FOR SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WHICH DIRECTLY OR INDIRECTLY AID AND BENEFIT CSU. false false 23685330 23482919 0 CSUF assisted in the promotion, development and enhancement of facilities and educational programs and enhancements of faculty, students, and alumni of Colorado State University. During the year, the foundation transferred approximately $23,000,000 to CSU. Because of this aid, CSU was able to award scholarships and fellowships to its students; provide for academic and instructional support, research efforts, institutional support; and operation and maintenance of facilities and equipment. 23685330 true true false true false false false false true 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 false true false false false false false false false false false true 22 0 true 14 true true true false false false false false false false false false X 4 3 false false false false false false false true true false false true true true true true true true true false AK AZ MD MA NH UT VA WA X X KAREN DUNBAR 9704917135 410 UNIVERSITY SERVICES CENTER FORT COLLINS CO 805239100 X JAMES MARTELL 1.0 X X 0 0 0 ROBERT CROMWELL 1.0 X X 0 0 0 EDWIN MCDOWELL JR 1.0 X 0 0 0 KATHLEEN HENRY 20.0 X X 92500 0 15245 KAREN DUNBAR 40.0 X 132413 0 31580 224913 0 46825 1 false true false WOODBERRY ASSOCIATES LLC 6227 EAGLE RIDGE RD BETTENDORF IA 52722 LEGISLATIVE RELATION 182126 WASHINGTON SPEAKERS BUREAU 1663 PRINCE STREET ALEXANDRIA VA 22314 PUBLIC SPEAKER 180968 2 45036387 1423928 45036387 0 4264979 4264979 0 0 43522189 35773103 7749086 7749086 7749086 0 0 0 MISCELLANEOUS 900099 119960 119960 ORDINARY LOSS FROM PARTNERSHIPS 523000 -117546 -117546 2414 57052866 119960 -117546 12014065 23482919 23482919 0 0 0 278275 278275 0 583036 583036 45130 45130 89510 89510 54743 54743 0 50052 12196 37856 46991 46991 250110 250110 0 4150320 4150320 0 9757 9398 359 113967 27398 86569 25403 25403 0 0 5797 790 5007 0 5165 755 4410 0 0 12428 12428 10503 10503 CULTIVATION & DEVELOPMENT 29568 29568 GIFT PROCESSING SERVICES 408300 408300 MISCELLANEOUS EXPENSE 97866 80783 17083 INS. PREM. ON DONATED POLICIES 41523 41523 INC IN DOUBTFUL ACCT ALLOW 722018 722018 30513381 23685330 6828051 0 750 24294 1230748 466252 19583281 28937081 11193 14504 40756 33586 220520 203676 272312 16844 108154323 144371486 124693903 152322786 143938 206765 678386 701482 254809590 327095080 136908 182200 902167 768950 10692171 12244661 872493 885499 12603739 14081310 X 14216601 31514021 106925923 148167066 121063327 133332683 242205851 313013770 254809590 327095080 X 26539485 44268434 X false true true X false X 27494077 40057120 36910340 25608677 45036387 175106601 27494077 40057120 36910340 25608677 45036387 175106601 9369303 165737298 2381188 3068723 2827626 3322760 4264979 15865276 0 0 0 0 0 0 216516 108627 63711 4081 119960 512895 191484772 0.86554 0.77633 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250110 250110 26112951 26363061 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 364771 260556 214367 250110 1089804 250000 250000 250000 250000 1000000 1500000 false true 181835528 12326771 44214351 5843926 -2149510 234682234 151644975 6113047 19257909 4254108 -9073705 181835528 190740729 11457294 -45379257 5786615 -612824 151644975 0.26012 0.73988 0.00000 false false 220520 203676 16844 16844 CASH/CASH EQUIV UNDER INV MGMT 4018406 F HEDGED EQUITIES 23018036 F ABSOLUTE RETURN 59154519 F PRIVATE EQUITY 66131825 F 152322786 0 LIFE INCOME AGREEMENTS 885499 885499 57052866 30513381 26539485 46287321 -2018887 44268434 70807919 97270980 46287321 -2018887 44268434 53002546 4050320 4050320 57052866 26463061 26463061 4050320 4050320 30513381 PART X FIN 48 The Foundation is a not-for-profit entity exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and a public charity under Section 509(a)(1). Accordingly, no provision for income taxes is made in these financial statements. The Foundation applies a more-likely-than-not measurement methodology to reflect the financial statement impact of uncertain tax positions taken or expected to be taken in a tax return. After evaluating the tax positions taken, none are considered to be uncertain; therefore, no amounts have been recognized as of June 30, 2011 and 2010. If incurred, interest and penalties associated with tax positions are recorded in the period assessed in management and general expenses. No interest or penalties have been assessed as of June 30, 2011 and 2010. Tax years that remain subject to examination include 2008 through 2011 for the federal return and 2007 through 2011 for the Colorado return. PART IV, LINE 2B DEPOSITS HELD IN CUSTODY ARRANGEMENT The Foundation has been designated by the Board of Governors of the Colorado State University (CSU) System as the official repository for all gifts of cash, securities, and other assets given to CSU for the use and benefit of CSU, other than those required by law to be kept by CSU. Endowments and the related expendable fund are held by the Foundation for investment safekeeping. The Foundation reports on these funds to CSU regularly. PART V, LINE 4 INTENDED USES OF ENDOWMENT FUND ENDOWMENT FUNDS SHALL BE USED BY CSU FOR PURPOSES SET FORTH BY THE ENDOWMENT DONOR(S). SUCH USES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, AND OUTREACH. PART XI, LINE 8 RECONCILIATION OF NET ASSETS ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS $ (36,033) NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU (2,100,400) UNRELATED BUSINESS LOSSES FROM PARTNERSHIPS 117,546 ---------- TOTAL $ (2,018,887) PART XII, LINE 2D RECONCILIATION OF REVENUE ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS $ (36,033) NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU (2,100,400) UNRELATED BUSINESS LOSSES FROM PARTNERSHIPS 117,546 ---------- TOTAL $ (2,018,887) Central America and the Caribbean 0 0 Investments N/A 0 Europe (Including Iceland and Greenland) 0 0 Investments N/A 0 0 0 0 0 0 0 true false false true true false true COLORADO STATE UNIVERSITY OVAL DRIVE FORT COLLINS CO 80523 846000545 21773126 1423928 FMV Securities EDUCATION CSU RESEARCH FOUNDATION 601 S Howes Street Room 410 Fort Collins CO 80523 840600653 35865 250000 COST LAND 2 0 PART I, LINE 2 MONITORING PROCEDURES Upon new fund establishment, a designated CSU representative receives fund documentation including donor's intentions and agrees to ensure donor intent is met. Regular, periodic certifications are generated by CSU Foundation and disseminated to CSU representatives for review and attestation that all amounts or items transferred to CSU during the reporting period have been expended or used in accordance with donor's intentions. PART II, LINE 1G NON-CASH ASSISTANCE CSU Foundation receives gifts of securities (i.e. non-cash gifts) on behalf of CSU. See Schedule M for valuation and description of non-cash assistance received on behalf of CSU. PART II, LINE 1H PURPOSE OF GRANTS OR ASSISTANCE Purposes set forth by the donor are communicated to CSU for all cash and non-cash assistance provided from CSU Foundation to CSU. Such purposes include but are not limited to scholarship, research, academic instruction, capital improvements, and discretionary use. X X X false false false false false false false false false KAREN DUNBAR 132203 0 0 0 210 0 14158 0 18564 0 165135 0 0 0 X 30 1423928 Average of High Low 2 false true true PART I, LINE 32A ORGANIZATIONS USED FOR NON-CASH CONTRIBUTIONS THE FOUNDATION RECEIVES GIFTS OF SECURITIES FOR THE BENEFIT OF COLORADO STATE UNIVERSITY. COLORADO STATE UNIVERSITY EMPLOYEES CONDUCT ALL RELATED FUNDRAISING FOR GIFTS OF SECURITIES RECEIVED BY THE FOUNDATION. CSU PROCESSES ALL GIFTS RECEIVED BY THE FOUNDATION PER ANNUALLY NEGOTIATED AGREEMENT. PART VI-B, LINE 15 COMPENSATION POLICY The Foundation's process for determining compensation of all of its employees begins with identifying responsibilities of the position. Salaries associated with comparable positions within the nonprofit sector and geographic area are considered, as well as the employee's relevant experience and education. Salary and wage rates for new employees and any changes to pay rates are approved by the President/CEO or his/her designee. The chairperson of the Foundation's board of directors determines compensation for the President/CEO using the forementioned process and proposes the compensation or changes to compensation to the voting directors for approval. The President/CEO determines the compensation for other top officials. The Board of Directors then approves the compensation on an individual position basis for other top officials in conjunction with its review and approval of the Foundation's budget. Board-approved compensation and changes in compensation are communicated by the chairperson to the President/CEO and CFO. Appropriate documentation of the compensation process is maintained in the Foundation's records. PART VI-B, LINE 11A REVIEW OF 990 As documented in meeting minutes, the Foundation's board of directors has been engaged in the reporting requirements of Form 990. Each director received a copy of the completed 990 for review prior to its filing and the board meeting at which the 990 was approved. PART VI-B, LINE 12 CONFLICT OF INTEREST POLICY Directors of the Foundation's board and employees of the Foundation are provided company policies on or before their first date of service for the Foundation. All directors and key employees of the Foundation's board are requested to complete and submit a Disclosure of Potential and Known Conflict(s) of Interest annually or more frequently if conflicts arise sooner. Any disclosed relationships are discussed with legal counsel and a determination made as to whether the relationship constitutes a conflict of interest. Should a conflict of interest be determined to exist, the board is informed and the board determines appropriate action if necessary. Such action may include prohibiting the director from participating in certain deliberations and decisions or recusing the director from the board. PART VI-C, LINE 19 DISCLOSURE OF DOCUMENTS TO THE PUBLIC The Foundation's audited financial statements, IRS Form 990, and IRS Form 1023 are available via the Foundation's website at www.csufoundation.org. Also available on its website is the Foundation's open records policy which addresses what records are considered public records open for inspection and the process for requesting such records. PART VI-A, LINES 1A & 1B COMPOSITION OF THE BOARD OF DIRECTORS The Board of Directors of the Foundation consists of five voting members and three, ex-officio, non-voting members. Voting board members consist of four community members and the President of the Foundation. As of June 30, 2011, one of the voting member positions was vacant. Non-voting board members consist of the President of Colorado State University, the Vice President for Administrative Services, and the Vice President for University Advancement. PART XI, LINE 4 OTHER CHANGES IN NET ASSETS OR FUND BALANCES NET UNREALIZED GAINS ON INVESTMENTS: $46,287,321 ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS (36,033) NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU (2,100,400) UNRELATED BUSINESS LOSSES FROM PARTNERSHIPS 117,546 ---------- TOTAL $ 44,268,434