2026-05-14T16:38:37-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-07-01 116077945 STONY BROOK FOUNDATION INC STON 6316326536 270 ADMINISTRATION STONY BROOK NY 11794 KACY BULLARD CFO & COO 6316326536 2026-05-11 1 0 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z SCOTT BARRETT 270 ADMINISTRATION STONY BROOK NY 11794 636768688 0 X WWW.STONYBROOK.EDU/FOUNDATION/ X 1965 NY TO ADVANCE THE TAX-EXEMPT MISSION OF SUNY STONY BROOK THROUGH FUNDRAISING EFFORTS. 22 19 11 20 454861 53895 387922822 198681528 2382376 2549051 29745219 30336614 991049 966442 421041466 232533635 29371750 32458327 0 0 16007597 18894667 0 0 11069683 31435386 32287078 76814733 83640072 344226733 148893563 1261474422 1481679910 118441676 123300918 1143032746 1358378992 X THE STONY BROOK FOUNDATION, INC. IS A NOT-FOR-PROFIT, "NO MEMBER" CORPORATION ESTABLISHED IN 1965. SBF EXISTS TO ADVANCE THE MISSION AND GOALS OF SUNY STONY BROOK BY FACILITATING, ACCEPTING AND MANAGING PHILANTHROPIC GIFTS. (CONTINUED ON SCHEDULE O). 0 0 24321779 12120177 0 STONY BROOK FOUNDATION PROVIDED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK ACADEMIC PROGRAMS, CENTERS AND INSTITUTES IN ORDER TO NURTURE ACADEMIC ACHIEVEMENT AMONG SUNY STONY BROOK STUDENTS AND FACULTY BY PROVIDING FUNDS TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY THROUGH THE USE OF ENDOWED CHAIRS AND ENDOWED PROFESSORSHIPS, AID IN CURRICULUM ENHANCEMENT AS WELL AS EQUIP CLASSROOMS AND LABORATORIES WITH THE LATEST TECHNOLOGY. 15388130 10233707 2549051 STONY BROOK FOUNDATION PROVIDED SUNY STONY BROOK FUNDS FOR VARIOUS INSTITUTIONAL SUPPORT, INCLUDING BUT NOT LIMITED TO: FUNDING CONSTRUCTION OF CUTTING-EDGE FACILITIES SUCH AS THE INDOOR TRAINING CENTER FOR ATHLETICS AS WELL AS SUBSTANTIAL RENOVATIONS OF THE CURRENT EXISTING STONY BROOK UNIVERSITY HOSPITAL, SUBSIDIZED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK STRATEGIC ACADEMIC INITIATIVES, AND STONY BROOK UNIVERSITY DEPARTMENTS SUCH AS MATHEMATICS, PHYSICS AND THE TURKANA BASIN INSTITUTE, AN ACADEMIC BASE FOR SCIENTIFIC RESEARCH AND TRAINING IN PALEONTOLOGY AND PALEOANTHROPOLOGY. 5944736 5328013 0 STONY BROOK FOUNDATION PROVIDED VARIOUS STUDENT FINANCIAL SUPPORT TO SUNY STONY BROOK AS WELL AS TO SUNY STONY BROOK'S STUDENTS TO ASSIST IN THEIR EFFORT OF DELIVERING A WORLD-CLASS EDUCATION AT A REMARKABLY AFFORDABLE PRICES AND TO KEEP RECRUITING THE BEST YOUNG MINDS AND FUTURE LEADERS FROM ACROSS THE SOCIOECONOMIC SPECTRUM. ENHANCED SUPPORT FOR FACULTY AND INCREASED ENGAGEMENT. 3950064 1320777 0 STONY BROOK FOUNDATION ALSO AIDS IN SUNY STONY BROOK'S FIRM COMMITMENT TO PROVIDING A DEDICATED EDUCATIONAL AND SOCIAL SUPPORT SYSTEM THAT ENABLES ALL THEIR STUDENTS TO THRIVE, BY PROVIDING FUNDING TO IMPROVE STUDENT, ADMINISTRATIVE AND PUBLIC SERVICES ACROSS SUNY STONY BROOK. 6901996 3455653 0 STONY BROOK FOUNDATION PROVIDED SUPPORT TO SUNY STONY BROOK IN ITS EFFORTS TO MAINTAIN THEIR REPUTATION AS A PUBLIC RESEARCH UNIVERSITY THAT THRIVES ON THE FOREFRONT OF DISCOVERY. AS SUCH, STONY BROOK FOUNDATION PROVIDES FUNDING TO SUPPORT VARIOUS AREAS OF RESEARCH INCLUDING: CANCER RESEARCH (STONY BROOK CANCER CENTER), ENVIRONMENTAL AND SUSTAINABILITY RESEARCH (SHINNECOCK BAY RESTORATION PROGRAM), CHEMICAL BIOLOGY RESEARCH, COMMUNICATION SCIENCE RESEARCH, TICK BORNE DISEASE RESEARCH WITHIN THE LABORATORY FOR COMPARATIVE MEDICINE, AND MANY OTHER VARIOUS RESEARCH EFFORTS. 10852060 4776430 0 56506705 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 622 0 1 11 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL GA HI KS KY MD MA MI MN NH NJ NY OR SC UT WV WI X X DAVID SMITH 6316326536 270 ADMINISTRATION STONY BROOK NY 11794 X DR RICHARD MCCORMICK -SBU PRES EX-OFF TRUS (VOTING) (AS OF 8/2024) 3.00 0.10 X 57204 0 0 MR RICHARD L GELFOND TRUSTEE, CHAIR 4.00 0.10 X X 0 0 0 MR DAVID E ACKER TRUSTEE, VICE CHAIR 1.00 0.00 X X 0 0 0 DR LAURIE LANDEAU TRUSTEE, VICE CHAIR 1.00 0.00 X X 0 0 0 MR CARY F STALLER TRUSTEE, SECRETARY 1.00 1.00 X X 0 0 0 MR WILLIAM L KNAPP TRUSTEE, TREASURER 1.00 0.00 X X 0 0 0 DR ASHVIN B CHHABRA TRUSTEE 0.50 0.00 X 0 0 0 MR ERROL A COCKFIELD TRUSTEE 0.50 0.00 X 0 0 0 DR BARRY S COLLER TRUSTEE 0.50 0.00 X 0 0 0 DR STEPHEN DELLA PIETRA TRUSTEE 0.50 0.00 X 0 0 0 DR VINCENT DELLA PIETRA TRUSTEE 0.50 0.00 X 0 0 0 MR GUY-MAX DELPHIN TRUSTEE 0.50 0.10 X 0 0 0 MR BARRY M FOX ESQ TRUSTEE 0.50 0.10 X 0 0 0 MR STUART D GOLDSTEIN TRUSTEE 0.50 0.10 X 0 0 0 DR HENRY B LAUFER TRUSTEE 0.50 0.00 X 0 0 0 DR NIRMAL MATTOO TRUSTEE 0.50 0.00 X 0 0 0 MR RICHARD T NASTI ESQ TRUSTEE 0.50 0.10 X 0 0 0 MR BERNARDO PIQUET TRUSTEE 0.50 0.00 X 0 0 0 MS CAROLINE RITTER TRUSTEE 0.50 0.10 X 0 0 0 MR RUSSELL SHEPARD TRUSTEE 0.50 0.00 X 0 0 0 MS MARILYN SIMONS TRUSTEE 0.50 0.00 X 0 0 0 MRS SUSAN STEINHARDT ESQ TRUSTEE 0.50 0.00 X 0 0 0 MR DAVID MARCUS CIO 37.50 0.00 X 581853 0 230946 KACY BULLARD CFO & COO 37.50 1.00 X 280555 0 111500 JUSTIN FINCHER EXECUTIVE DIRECTOR (THRU 2/2025) 37.50 0.00 X 105865 0 0 SCOTT BARRETT INTERIM EXECUTIVE DIR (AS OF 3/2025) 37.50 0.00 X 0 0 0 DANIELLLE HOLTON AVP, SBCH 37.50 0.00 X 307500 0 122212 DEBORAH LOWEN-KLEIN SENIOR ASSOCIATE VP, ADVANCEMENT 37.50 0.00 X 272661 0 108366 CAROL GOMES CEO, COO OF SBUH 1.00 0.00 X 387325 0 0 TARA STENZEL-FLEMING AVP, PRINCIPAL GIFTS & SFI 37.50 0.00 X 230604 0 91649 DAVID SMITH SBF CONTROLLER 37.50 0.00 X 210125 0 83512 2433692 0 748185 29 0 1 1 INVESTMENT MANAGER CO SBF 270 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 2563666 INVESTMENT MANAGER CO SBF 270 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 1306242 INVESTMENT MANAGER CO SBF 270 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 798766 SULLIVAN & CO MKTG COLLATERAL LLC 292 MADISON AVE 21ST FL NEW YORK NY 10017 CAMPAIGN DESIGN 675580 INVESTMENT MANAGER CO SBF 270 ADMINISTRATION STONY BROOK NY 11794 INVESTMENT MGMT 648952 28 481045 198200483 4973788 198681528 CONTRACTUAL AGENCY FEE 711300 2549051 2549051 2549051 13314547 454861 12859686 175451 175451 76464 0 76464 76464 76464 420765250 403743183 17022067 17022067 17022067 179205 481045 459596 -280391 -280391 25644 18138 7506 7506 14473 14136 337 337 CONTRACTED SERVICES 900099 857799 857799 PKH MUSEUM ADMISSIONS 900099 95881 95881 0 MISCELLANEOUS REVENUE 900099 33395 33395 987075 232533635 2644932 454861 30752314 21841905 21841905 8683901 8683901 1932521 1932521 1350201 609541 317384 423276 12734042 5748719 2993316 3992007 4668950 1624361 1302706 1741883 141474 141474 5186957 5185273 1684 93056 9895 83161 206542 206542 75200 75200 10077511 10077511 1605576 1605576 635109 289266 5000 340843 1662652 1487974 11768 162910 1785638 616245 214175 955218 1203636 995119 202400 6117 2914186 2769485 2267 142434 2967561 2713045 17601 236915 244635 232403 12232 210163 92453 117725 -15 REPAIRS & MAINTENANCE 888628 852568 200 35860 PAYROLL SERVICE FEES 883876 367978 220450 295448 LICENSE/REG. FEES 223221 208937 514 13770 MEMBERSHIP DUES 45777 41758 4019 1377154 -13316 278732 1111738 83640072 56506705 16063684 11069683 62136382 55008642 55937857 55937857 375437653 387216890 408547 429033 68434 0 22808 20224 558522 13729537 15535612 5001589 10746188 10534023 251477569 387063600 501191224 568418440 2750000 2737344 739238 584320 1261474422 1481679910 8599872 10524469 131000 140483 108667348 111673674 1043456 962292 118441676 123300918 X 75897923 90310043 1067134823 1268068949 1143032746 1358378992 1261474422 1481679910 148893563 66452683 0 X 0 1 X 1 0 X 95728137 116237582 61195354 387922822 198681528 859765423 95728137 116237582 61195354 387922822 198681528 859765423 474867456 384897967 761711 473264 5581288 8469493 13111601 28397357 181658 53733 60883 296274 939755 1654071 1650121 1424445 1136160 6804552 895263606 10456239 0.42990 0.40600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 471,275. 2022 AMOUNT: $ 374,445. 2023 AMOUNT: $ 331,537. 2024 AMOUNT: $ 179,205. GROSS INCOME FROM GAMING - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 21,964. 2022 AMOUNT: $ 21,964. 2023 AMOUNT: $ 20,051. 2024 AMOUNT: $ 25,644. GROSS SALES OF INVENTORY - 2020 AMOUNT: $ 12,887. 2021 AMOUNT: $ 21,340. 2022 AMOUNT: $ 13,266. 2023 AMOUNT: $ 20,220. 2024 AMOUNT: $ 14,473. MISCELLANEOUS - 2020 AMOUNT: $ 28,012. 2021 AMOUNT: $ 2,898. 2022 AMOUNT: $ 9,718. 2023 AMOUNT: $ 14,711. 2024 AMOUNT: $ 33,395. CONTRACTED SERVICES - 2020 AMOUNT: $ 898,856. 2021 AMOUNT: $ 1,136,594. 2022 AMOUNT: $ 1,230,728. 2023 AMOUNT: $ 1,037,926. 2024 AMOUNT: $ 883,443. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75200 75200 83583010 83658210 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 75000 43950 110117 75200 304267 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A, LINE 1(B) THE FOUNDATION DOES NOT ENGAGE IN ANY DIRECT LOBBYING ACTIVITY ITSELF; THE FOUNDATION HIRES AN OUTSIDE LOBBYING CONSULTANT TO ADVOCATE ON BEHALF OF EDUCATIONAL AND BUDGET ISSUES IMPACTING STONY BROOK UNIVERSITY. 6979027 X X X 0 0 1 X 786159357 178650322 64162514 9103503 2679132 1017189558 392138786 366464207 39231076 9355186 2319526 786159357 370323490 21210376 15752094 12709072 2438102 392138786 366699386 24419420 -10171718 8389238 2234360 370323490 279331275 27463817 69845141 7998445 1942402 366699386 0.04965 0.76627 0.18408 0 0 1064254 1064254 6804608 4382636 2421972 390090 390090 0 297633 228863 68770 6979027 6979027 10534023 PRIVATE EQUITY FUNDS 196024828 F US EQUITY FUNDS 190824891 F MULTI-STRATEGY FUNDS 117050522 F GLOBAL EQUITY FUNDS 62362875 F INVESTMENT REDEMPTIONS 1381613 F DIVERSIFIED FIXED-INCOME FUNDS 773711 F 568418440 ANNUITIES PAYABLE 377972 OPERATING LEASE LIABILITY 584320 962292 X PART III, LINE 4: ORGANIZATIONS COLLECTIONS OF ART, HISTORICAL TREASURES OR OTHER ASSETS THE FOUNDATION OWNS THE POLLOCK-KRASNER HOUSE AND STUDY CENTER. THE CENTER OPERATES AS A MUSEUM AND LIBRARY. THE EXTENSIVE RESEARCH COLLECTIONS DEVELOPED AT THE CENTER ATTRACT SCHOLARS, STUDENTS AND RESEARCHERS FROM AROUND THE WORLD. THE UNITED STATES DEPARTMENT OF THE INTERIOR HAS DESIGNATED IT AS A NATIONAL HISTORIC LANDMARK. THE FOUNDATION ALSO OWNS VARIOUS BOOKS, PHOTOGRAPHS, JOURNAL COLLECTIONS, AND FINE ARTS USED TO FURTHER THE MISSION OF SUNY STONY BROOK BY NURTURING ACADEMIC INSTRUCTION, RESEARCH, LIBRARY AND PUBLIC SERVICE. PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS THE FOUNDATION HOLDS FUNDS AS A TRUSTEE/DISBURSING AGENT FOR AUXILIARY AGENCIES OF STONY BROOK UNIVERSITY, WHICH AMOUNTED TO $111,673,674 AS OF JUNE 30, 2025. THE FOUNDATION CHARGES FEES TO THESE AGENCIES FOR ADMINISTRATIVE COSTS, WHICH AMOUNTED TO $2,549,051 FOR FISCAL YEAR 2025, WHICH IS INCLUDED AS PROGRAMMATIC REVENUE ON FORM 990, PART VIII, LINE 2(A). IN ADDITION, THE FOUNDATION HAS ENTERED IN TO THE NEW YORK CLIMATE EXCHANGE CONSORTIUM TO HELP RAISE AND STEWARD ADDITIONAL FUNDS FOR THE EXCHANGE (WHICH IS A SECTION 501(C)(3) PUBLIC CHARITY). THE FOUNDATION ACTS AS AN AGENT FOR ANY FUNDS IT RAISES ON BEHALF OF THE EXCHANGE; IN THE FISCAL YEAR ENDING JUNE 30, 2025, THE FOUNDATION RECEIVED $21 MILLION IN EARMARKED FUNDS THAT ARE IMMEDIATELY DISBURSED TO THE EXCHANGE. PART V, LINE 4: ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENT IS INTENDED TO SUBSIDIZE ITS CHARITABLE MISSION OF SUPPORTING STONY BROOK UNIVERSITY'S EDUCATIONAL PROGRAMS. ALTHOUGH THE FOUNDATION'S ADOPTED POLICIES ALLOW FOR THE APPROPRIATION FOR EXPENDITURE OF THE PRINCIPAL OF ENDOWMENT FUNDS IN CERTAIN CASES WHERE DOING SO IS DEEMED PRUDENT, THE FOUNDATION GENERALLY LEAVES THE ENDOWMENT ASSETS UNTOUCHED, WHILE USING INVESTMENT INCOME TO FUND VARIOUS CHARITABLE PROGRAMS AND INITIATIVES. PART X, LINE 2: THE FOUNDATION AND SBFR FOLLOW GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FOUNDATION AND SBFR ARE EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), THOUGH BOTH ARE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. BOTH THE FOUNDATION AND SFBR HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR RESPECTIVE TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION AND SBFR HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. 1 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 1932521 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 291243250 NORTH AMERICA 0 0 INVESTMENTS 1682197 SUB-SAHARAN AFRICA 0 0 INVESTMENTS PROGRAM RELATED LOAN 2737344 0 0 0 0 0 0 297595312 0 297595312 SUB-SAHARAN AFRICA GENERAL SUPPORT 77114 CHECK 0 SUB-SAHARAN AFRICA GENERAL SUPPORT 1852491 CHECK 0 2 0 1 0 1 1 1 0 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS OUTSIDE U.S. THE FOUNDATION MAKES GRANTS OUTSIDE OF THE U.S. ONLY TO ORGANIZATIONS AFFILIATED WITH STONY BROOK UNIVERSITY. IN THE CASE OF A GRANT FROM FUNDS OF THE FOUNDATION DESIGNATED FOR A PARTICULAR PURPOSE, THE DESIGNATED ACCOUNT MANAGER SUBMITS A REQUISITION FOR THE GRANT, TOGETHER WITH SUPPORTING DOCUMENTATION, TO THE FOUNDATION'S PROCUREMENT DEPARTMENT. A DETAILED JUSTIFICATION FOR THE GRANT IS REQUIRED, INCLUDING THE PURPOSE OF THE GRANT. THE GRANT REQUEST IS REVIEWED, INCLUDING FOR COMPLIANCE WITH THE TERMS OF INSTRUMENT DESIGNATING THE FUNDS FOR A PARTICULAR PURPOSE, AND APPROVED. IN THE CASE OF A REQUEST FOR MORE THAN $5,000, REVIEW, APPROVAL AND MANUAL CHECK SIGNATURE BY THE FOUNDATION'S BUSINESS OFFICE IS REQUIRED. IN THE CASE OF GRANTS FROM THE FOUNDATION'S UNRESTRICTED FUNDS, A GRANTEE SUBMITS A REQUEST, TOGETHER WITH SUPPORTING DOCUMENTATION. A DETAILED JUSTIFICATION FOR THE GRANT IS REQUIRED, INCLUDING THE PURPOSE OF THE GRANT. THE BUDGET COMMITTEE, TOGETHER WITH THE FOUNDATION'S EXECUTIVE DIRECTOR, REVIEWS AND APPROVES GRANT REQUEST FROM THE FOUNDATION'S UNRESTRICTED FUNDS. IN ALL CASES, AT THE END OF THE GRANT TERM, A FINAL REPORT REGARDING THE USE OF THE GRANT FUNDS IS SUBMITTED BY THE GRANTEE TO THE FOUNDATION. PART IV: FOREIGN FORMS STONY BROOK FOUNDATION, INC. INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT, LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, THE FOUNDATION'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT THE FOUNDATION IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH THE FOUNDATION'S FORM 990-T FILING. AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN VA WA WV WI SBF/LISVH GOLF CLASSIC 247240 194011 53229 3796 39199 23652 STALLER CENTER BENEFIT 120500 86275 34225 48997 25800 4457 5 292510 200759 91751 91645 231332 -9282 660250 481045 179205 144438 296331 18827 459596 -280391 25644 1250 15243 1645 0 25644 1250 15243 1645 18138 7506 NY 1 0 0 0 1.00000 DAVID SMITH 270 ADMINISTRATION STONY BROOK NY 117941198 0 JONATHON SPIER MEMBER IN CHARGE X 0 GAMING MANAGER INFORMATION: SCHEDULE G, PART III, LINE 16 THE INDIVIDUAL IN CHARGE OF OVERSEEING THE FOUNDATION'S FUNDRAISING GAMING ACTIVITIES IS NOT COMPENSATED FOR THAT JOB RESPONSIBILITY; HE UNDERTAKES THE ROLE AS PART OF HIS ORDINARY BUSINESS ENDEAVOR. 1 SB CLINICAL PRACTICE MANAGEMENT PLAN PO BOX 1554 STONY BROOK NY 11790 461787308 501(C)(3) 98354 0 GENERAL SUPPORT STONYBROOK UNIVERSITY (UNDERGRAD STUDENT GOVT) 261 ADMINISTRATION BLDG STONY BROOK UNIVERSITY STONY BROOK NY 11794 146013200 115 36153 0 EDUCATIONAL SUPPORT STONY BROOK UNIVERSITY OFFICE 261 ADMINISTRATION BLDG STONY BROOK UNIVERSITY STONY BROOK NY 11794 146013200 115 13213288 0 EDUCATIONAL SUPPORT GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION 58 EDGEWOOD AVENUE NE ATLANTA GA 30302 581845423 501(C)(3) 30000 0 RESEARCH RESEARCH FOUNDATION - STONY BROOK UNIVERSITY S5422 FRANK MELVILLE JR MEMORIAL LIBRARY STONY BROOK UNIVERSITY STONY BROOK NY 11794 141368361 501(C)(3) 8129024 0 RESEARCH AWARDS MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE NE49-3142 CAMBRIDGE MA 021394307 042103594 501(C)(3) 60000 0 RESEARCH AWARDS COLD SPRING HARBOR LABORATORY 1 BUNGTOWN RD COLD SPRING HARBOR NY 11724 112013303 501(C)(3) 26452 0 SIMONS STEM SCHOLAR PROGRAM 7 0 SCHOLARSHIPS 876 6003692 FELLOWSHIPS 142 864866 PARTICIPANT SUPPORT/FELLOWSHIPS 266 724649 ACADEMIC PRIZES AND AWARDS 549 602564 STUDENT AID 570 488130 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS IN U.S. WHEN THE FOUNDATION ISSUES GRANTS FROM FUNDS WITH A PURPOSE RESTRICTION, THE DESIGNATED ACCOUNT MANAGER SUBMITS A REQUISITION FOR THE GRANT, TOGETHER WITH SUPPORTING DOCUMENTATION, TO THE FOUNDATION'S PROCUREMENT DEPARTMENT. A DETAILED JUSTIFICATION FOR THE GRANT IS REQUIRED, INCLUDING THE PURPOSE OF THE GRANT. THE GRANT REQUEST IS REVIEWED, INCLUDING FOR COMPLIANCE WITH THE TERMS OF INSTRUMENT DESIGNATING THE FUNDS FOR A PARTICULAR PURPOSE, AND APPROVED. WHEN THE FOUNDATION ISSUES A GRANT FOR MORE THAN $5,000, REVIEW, APPROVAL AND MANUAL CHECK SIGNATURE BY THE FOUNDATION'S BUSINESS OFFICE IS REQUIRED. WHEN THE FOUNDATION ISSUES A GRANT FROM UNRESTRICTED FUNDS, A GRANTEE SUBMITS A REQUEST, TOGETHER WITH SUPPORTING DOCUMENTATION. A DETAILED JUSTIFICATION FOR THE GRANT OR DIRECT PAYMENT, AS APPLICABLE, IS REQUIRED INCLUDING THE PURPOSE OF THE GRANT OR DIRECT PAYMENT, AS APPLICABLE. THE BUDGET COMMITTEE, TOGETHER WITH THE FOUNDATION'S EXECUTIVE DIRECTOR, REVIEWS AND APPROVES REQUESTS FROM THE FOUNDATION'S UNRESTRICTED FUNDS. DEPENDING ON THE TYPE OF GRANT AND THE GRANT RECIPIENT, AT THE END OF THE GRANT TERM, A FINAL REPORT REGARDING THE USE OF THE GRANT FUNDS IS SUBMITTED BY THE GRANTEE TO THE FOUNDATION. IN LIEU OF MAKING GRANT PAYMENTS, THE FOUNDATION MAY PAY EXPENSES DIRECTLY ON BEHALF OF A GRANTEE. FOR THE ACADEMIC PRIZES AND AWARDS, THE FUNDS ARE DISTRIBUTED INCREMENTALLY, AND THE INCREMENTS SHALL BE BASED ON BUSINESS PLAN MILESTONES AND/OR OTHER BENCHMARKS IDENTIFIED BY THE COMMITTEE. X X 0 0 0 0 0 0 0 0 0 1 0 MR DAVID MARCUS CIO 581853 0 0 0 0 0 0 0 230946 0 812799 0 0 0 DANIELLLE HOLTON AVP, SBCH 307500 0 0 0 0 0 0 0 122212 0 429712 0 0 0 KACY BULLARD CFO & COO 280555 0 0 0 0 0 0 0 111500 0 392055 0 0 0 CAROL GOMES CEO, COO OF SBUH 200000 0 187325 0 0 0 0 0 0 0 387325 0 0 0 DEBORAH LOWEN-KLEIN SENIOR ASSOCIATE VP, ADVANCEMENT 272661 0 0 0 0 0 0 0 108366 0 381027 0 0 0 TARA STENZEL-FLEMING AVP, PRINCIPAL GIFTS & SFI 230604 0 0 0 0 0 0 0 91649 0 322253 0 0 0 DAVID SMITH SBF CONTROLLER 210125 0 0 0 0 0 0 0 83512 0 293637 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE STONY BROOK UNIVERSITY'S DIRECTOR OF THE SIMONS CENTER FOR GEOMETRY & PHYSICS RESIDES AT A STONY BROOK FOUNDATION PROPERTY RENT & EXPENSE FREE. THE FAIR MARKET VALUE OF RESIDING AT THE PROPERTY IS INCLUDED IN TAXABLE INCOME ON HIS SBF FORM W-2. THE DIRECTOR OF THE SIMONS CENTER FOR GEOMETRY NO LONGER MEETS THE REQUIREMENT FOR DISCLOSURE ON THE FOUNDATION'S FORM 990; NEVERTHELESS, THE FOUNDATION IS RETAINING THIS DISCLOSURE IN THE INTERESTS OF TRANSPARENCY. PART I, LINE 3 METHOD OF ESTABLISHING COMPENSATION OF THE CEO/OFFICERS STONY BROOK FOUNDATION'S OFFICERS ARE STATE UNIVERSITY EMPLOYEES, AND AS SUCH, THE STATE (AN UNRELATED GOVERNMENT ENTITY) DETERMINES APPROPRIATE COMPENSATION FOR THE OFFICERS AND REQUESTS THAT THE FOUNDATION AGREE TO BEAR A PORTION OF THE COMPENSATION. THE FOUNDATION'S BOARD RELIES ON THE STATE'S DETERMINATION OF APPROPRIATE OVERALL COMPENSATION FOR THE OFFICERS AND DETERMINES WHETHER TO APPROVE PAYMENT OF A PORTION OF THE COMPENSATION BY THE FOUNDATION. ACCORDINGLY, SINCE THE FOUNDATION DOES NOT ESTABLISH THE OFFICER'S COMPENSATION, FORM 990, SCHEDULE J, QUESTION 3 IS LEFT BLANK. PART I, LINE 7 AS NOTED IN THE ABOVE SCHEDULE J NARRATIVE, THE STONY BROOK FOUNDATION SUPPLEMENTS WAGES PAID [BY THE STATE] TO TWO INDIVIDUALS REPORTED ON THE FOUNDATION FORM 990: DR. RICHARD MCCORMICK AND CAROL GOMES. AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II) FOR CAROL GOMES REPRESENT A BONUS PAID BY THE FOUNDATION AND AUTHORIZED BY THE STATE OF NEW YORK FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED BENCHMARKS. HENRY LAUFER BOARD MEMBER 35096787 INVESTMENTS HELD 0 HENRY LAUFER BOARD MEMBER 1524196 INV FEES 0 MS MARILYN SIMONS BOARD MEMBER 35096787 INVESTMENTS HELD 0 MS MARILYN SIMONS BOARD MEMBER 1524196 INV FEES 0 SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONSTHE FOUNDATION HOLDS INVESTMENTS WITH AN INVESTMENT FIRM WHERE BOARD OF TRUSTEES MEMBERS, MS. MARILYN SIMONS AND HENRY B. LAUFER HAVE AN OWNERSHIP INTEREST AND WHERE THEY BOTH SIT ON THE BOARD OF DIRECTORS. IN ADDITION, BOTH MS. SIMONS AND HENRY LAUFER ARE DESIGNATED AS SUBSTANTIAL CONTRIBUTORS TO THE FOUNDATION.THE VALUE OF THE FOUNDATION'S HOLDINGS WITH THE FIRM IS $35,096,787; FOR THE YEAR ENDING JUNE 30, 2025, THE FOUNDATION PAID THE INVESTMENT FIRM $1,524,196 IN INVESTMENT MANAGEMENT FEES. X 35 4973788 FMV 0 0 1 1 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). PART I, LINE 32B: THIRD PARTY ASSISTANCE OF NONCASH CONTRIBUTIONS TO THE EXTENT THE FOUNDATION RECEIVES DONATIONS OF SECURITIES, IT EMPLOYS ITS OWN INVESTMENT BROKER TO LIQUIDATE THOSE SECURITIES INTO CASH FOR USE IN CARRYING OUT ITS CHARITABLE MISSION. OCCASIONALLY, THE FOUNDATION RECEIVES UNIQUE NON-CASH DONATIONS (E.G. OF BOATS, ETC); IN THOSE INSTANCES, THE FOUNDATION USES A THIRD PARTY VENDOR TO DISPOSE OF THE ASSETS. FORM 990, PART I, LINE 15: AMOUNTS REPORTED ON LINE 15 SALARIES, OTHER COMPENSATION, AND EMPLOYEE BENEFITS ARE COMPRISED OF SUPPORT FOR CAMPUS PROGRAMS, ADMINISTRATIVE OFFICES AND FUNDRAISING OFFICES. FOR FISCAL YEAR 2025, THE TOTAL SUPPORT OF $18,894,667 INCLUDES $8,124,095 RELATED TO CAMPUS PROGRAMS, $4,613,406 RELATED TO ADMINISTRATIVE OFFICES AND $6,157,166 RELATED TO FUNDRAISING OFFICES. FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION CONTINUED THE PURPOSES OF THE FOUNDATION ARE AS FOLLOWS: A. TO ASSIST IN DEVELOPING AND INCREASING THE RESOURCES OF THE STATE UNIVERSITY OF NEW YORK AT STONY BROOK ("STONY BROOK UNIVERSITY") IN ORDER TO PROVIDE MORE EXTENSIVE EDUCATIONAL OPPORTUNITIES AND SERVICES BY MAKING AND ENCOURAGING GIFTS, GRANTS, CONTRIBUTIONS AND DONATIONS OF REAL AND PERSONAL PROPERTY TO OR FOR THE BENEFIT OF STONY BROOK UNIVERSITY. B. TO RECEIVE, HOLD, ADMINISTER AND DISPOSE OF GIFTS AND GRANTS, AND TO ACT WITHOUT PROFIT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTIVES OF STONY BROOK UNIVERSITY. C. TO FINANCE THE CONDUCT OF STUDIES AND RESEARCH OF ANY AND ALL FIELDS OF INTELLECTUAL INQUIRY OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTIVES OF STONY BROOK UNIVERSITY AND/OR ITS CONSTITUENT SCHOOLS, AND TO ENTER INTO CONTRACTUAL RELATIONSHIPS APPROPRIATE TO THE PURPOSES OF THE FOUNDATION. D. TO GRANT AND/OR ADMINISTER SCHOLARSHIPS AND FELLOWSHIPS AND TO ENGAGE IN EXPERIMENTAL EDUCATION ACTIVITIES AND RESEARCH PROJECTS. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY THE FOLLOWING COMMITTEES OF THE FOUNDATION'S BOARD OF TRUSTEES HAVE BEEN DELEGATED AUTHORITY BY THE BOARD OF TRUSTEES. THE FOUNDATION'S EXECUTIVE COMMITTEE HAS ALL THE POWER AND AUTHORITY OF THE FOUNDATION'S BOARD ("BOARD") WHEN THE BOARD IS NOT IN SESSION, EXCEPT FOR THE AUTHORITY TO FILL VACANCIES ON THE BOARD OR ANY BOARD COMMITTEE, FIX, IF ANY, COMPENSATION FOR BOARD TRUSTEES (NONE IS PRESENTLY PAID) INCLUDING ANY BOARD COMMITTEES, TO AMEND, REPEAL OR ADOPT NEW FOUNDATION BYLAWS, TO ELECT OR REMOVE ANY OFFICER OR TRUSTEE, TO APPROVE ANY PLAN OF MERGER OR DISSOLUTION, TO AUTHORIZE THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE FOUNDATION OR TO APPROVE AMENDMENTS TO THE FOUNDATION'S CERTIFICATE OF INCORPORATION. THE EXECUTIVE COMMITTEE WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT FROM THE BOARD FROM TIME TO TIME. THE EXECUTIVE COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE FOUNDATION'S ACCOUNTING AND FINANCIAL REPORTING PROCESSES, ADMINISTERING THE FOUNDATION'S CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES, AND PROCUREMENT OR TERMINATION AND OVERSEEING THE FOUNDATION'S TRUSTEES AND OFFICERS' INSURANCE COVERAGE. THE AUDIT COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S BUDGET COMMITTEE IS RESPONSIBLE FOR THE GENERAL SUPERVISION OF THE FOUNDATION'S FINANCIAL AFFAIRS AND ANNUAL BUDGET AND WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT BY THE BOARD FROM TIME TO TIME. THE BUDGET COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S INVESTMENT COMMITTEE IS RESPONSIBLE FOR THE SUPERVISION OF THE FOUNDATION'S INVESTMENTS AND ANY INDIVIDUALS OR ENTITIES TO WHICH INVESTMENT MANAGEMENT RESPONSIBILITY IS DELEGATED, THE REVIEW OF COMPENSATION OF FOUNDATION INVESTMENT MANAGERS WHO ARE ALSO TRUSTEES OR OFFICERS OF THE FOUNDATION AND WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT BY THE BOARD FROM TIME TO TIME. THE INVESTMENT COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. THE FOUNDATION'S NOMINATING COMMITTEE PROVIDES ASSISTANCE TO THE BOARD AS REQUESTED FROM TIME TO TIME, INCLUDING BY ESTABLISHING CRITERIA FOR THE SELECTION OF NEW TRUSTEES AND IDENTIFYING INDIVIDUALS QUALIFIED TO BECOME TRUSTEES, AND WILL ALSO CARRY OUT ANY OTHER RESPONSIBILITIES AND DUTIES DELEGATED TO IT BY THE BOARD FROM TIME TO TIME. THE NOMINATING COMMITTEE IS OBLIGATED TO REPORT ITS ACTIVITIES AND DECISIONS AT THE NEXT REGULARLY-SCHEDULED MEETING OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 2 FAMILY OR BUSINESS RELATIONSHIPS DR. CHHABRA AND MS. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. LAUFER AND MS. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. COLLER AND MS. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. STEPHEN DELLA PIETRA AND DR. VINCENT DELLA PIETRA HAVE A FAMILY RELATIONSHIP. DR. STEPHEN DELLA PIETRA AND MS. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. VINCENT DELLA PIETRA AND MS. SIMONS HAVE A BUSINESS RELATIONSHIP. DR. LAUFER AND DR. VINCENT DELLA PIETRA HAVE A BUSINESS RELATIONSHIP. DR. LAUFER AND DR. STEPHEN DELLA PIETRA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT TAX ADVISORY FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 IS THEN FORWARDED TO THE EXECUTIVE COMMITTEE FOR REVIEW, COMMENT AND FINAL APPROVAL. THE FINAL VERSION IS CIRCULATED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICT OF INTEREST POLICY PURSUANT TO THE FOUNDATION'S BYLAWS (ARTICLE IV, SECTION 11), ALL TRUSTEES, OFFICERS AND KEY PERSONS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST CERTIFICATION. THE ANNUAL CERTIFICATION REQUIRES EACH TRUSTEE, OFFICER AND KEY EMPLOYEE OF THE FOUNDATION TO DISCLOSE IN WRITING THE EXISTENCE OF ANY POTENTIAL CONFLICTS OF INTEREST, TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TO AGREE TO ABIDE BY IT. THE SIGNED CERTIFICATIONS ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. IF AN INDIVIDUAL BECOMES AWARE THAT HE OR SHE MAY BE INVOLVED IN A POTENTIALLY CONFLICTED TRANSACTION, HE OR SHE WILL IMMEDIATELY DISCLOSE THE EXISTENCE AND MATERIAL FACTS OF HIS OR HER INTEREST IN THE CONFLICTED TRANSACTION TO THE EXECUTIVE DIRECTOR OF THE FOUNDATION, WHO WILL REPORT THE MATTER TO THE CHAIR OF THE AUDIT COMMITTEE. BOARD DISCUSSIONS PERTAINING TO THE CONFLICT (AND ITS RESOLUTION) ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION PAID TO THE FOUNDATION'S EXECUTIVE DIRECTOR IS DETERMINED BY AN UNRELATED THIRD PARTY: THE STATE OF NEW YORK. THE STATE HAS ESTABLISHED COMPENSATION GUIDELINES WHEREBY COMPENSATION IS CAPPED AT A SPECIFIC LEVEL. THE FOUNDATION HAS NO DISCRETION TO MODIFY THE COMPENSATION THRESHOLDS ESTABLISHED BY THE STATE; HOWEVER, THE FOUNDATION MAY APPROVE A REQUEST FROM THE UNIVERSITY TO PROVIDE ADDITIONAL COMPENSATION IN AN EFFORT TO ATTRACT TALENT AND PAY THESE INDIVIDUALS AT A MARKET RATE RENDERING SERVICES TO THE FOUNDATION. SUCH ADDITIONAL COMPENSATION IS THEN APPROVED BY THE FOUNDATION BOARD. THE COMPENSATION IS MEMORIALIZED IN AN EMPLOYMENT CONTRACT NOTING THAT A PORTION OF SALARY WILL COME FROM STONY BROOK FOUNDATION AND ANOTHER PORTION FROM THE UNIVERSITY, CAUSING CERTAIN EMPLOYEES TO RECEIVE TWO W-2'S. LINE 15B: PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION PAID TO THE FOUNDATION'S OTHER OFFICERS (COO/CFO AND CIO) IS RECOMMENDED BY THE FOUNDATION'S EXECUTIVE DIRECTOR, AND IS REVIEWED BY AN UNRELATED THIRD PARTY TAX-EXEMPT ORGANIZATION TO DETERMINE IF COMPENSATION IS APPROPRIATE AND WITHIN THE GUIDELINES OF INDUSTRY STANDARDS. THE APPROVED COMPENSATION IS THEN MEMORIALIZED IN AN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC STONY BROOK FOUNDATION, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART VII: COMPENSATION IN THE INTEREST OF CLARITY, THE FOUNDATION IS PROVIDING CONTEXT ON THE COMPENSATION REPORTED IN BOTH PART VII AND SCHEDULE J OF THE FORM 990. DR. RICHARD MCCORMICK, EX-OFFICIO TRUSTEE, IS A NY STATE UNIVERSITY EMPLOYEE. IN 2009, THE STONY BROOK FOUNDATION WAS ASKED BY THE SUNY CHANCELLOR AND SUNY BOARD OF TRUSTEES TO SUPPLEMENT THE PRESIDENT'S COMPENSATION. CONSISTENT WITH ITS MISSION TO HELP ADVANCE THE MISSION OF THE UNIVERSITY, THE STONY BROOK FOUNDATION BOARD APPROVED THIS EXPENSE AND CONTINUES TO PROVIDE ANNUAL SALARY SUPPORT. THIS COMPENSATION ARRANGEMENT IS REPORTED IN THE INDIVIDUAL'S ANNUAL CONFLICT OF INTEREST DISCLOSURE THAT IS SHARED WITH THE FOUNDATION'S BOARD OF DIRECTORS TO ENSURE ABSOLUTE TRANSPARENCY. DR. MCCORMICK'S COMPENSATION, AS REPORTED ON THE FORM 990, PART VII, REPRESENTS THE AMOUNT PAID BY THE FOUNDATION; TO THE EXTENT DR. MCCORMICK IS COMPENSATED BY SUNY, IT IS NOT DISCLOSED ON THIS FORM 990 AS SUNY IS NOT A RELATED PARTY AND THE SERVICES FOR WHICH HE WAS COMPENSATED WERE NOT RENDERED TO THE FOUNDATION. FINALLY, IT SHOULD BE NOTED THAT DR. MCCORMICK IS DIRECTLY INVOLVED IN FUNDRAISING ON THE FOUNDATION'S BEHALF, HOWEVER, THE COMPENSATION REPORTED ON THE FORM 990 IS NOT SPECIFICALLY TIED TO THOSE FUNDRAISING EFFORTS. COO/CFO KACY BULLARD AND CIO, DAVID MARCUS SPEND 100% OF THEIR TIME ENGAGED IN ACTIVITIES THAT SUPPORT THE FOUNDATION; HOWEVER, THEIR COMPENSATION IS PAID BY AN UNRELATED THIRD PARTY TAX-EXEMPT ORGANIZATION AND NOT DIRECTLY BY THE FOUNDATION. COMPENSATION PAID BY AN UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FOUNDATION IS REQUIRED TO BE DISCLOSED IN PART VII, COLUMN (D) AS THOUGH IT HAD BEEN PAID BY THE FOUNDATION. HIGHLY COMPENSATED EMPLOYEES, DANIELLE HOLTON, DEBORAH LOWEN-KLEIN AND TARA STENZEL-FLEMING, LIKEWISE, RECEIVE THEIR COMPENSATION FROM AN UNRELATED THIRD PARTY TAX-EXEMPT ORGANIZATION. THERE IS A SALARY CAP FOR STATE UNIVERSITY EMPLOYEE: MS. GOMES. IN RESPONSE TO THE UNIVERSITY'S OCCASIONAL REQUEST, THE STONY BROOK FOUNDATION'S BOARD DOES REVIEW AND APPROVE FUNDS FOR ADDITIONAL COMPENSATION TO THE UNIVERSITY EMPLOYEES SO THAT THE UNIVERSITY CAN RECRUIT THE BEST PEOPLE FOR THE JOB. INDIVIDUAL EMPLOYEES' CONTRACTS OUTLINE THE PORTION OF THEIR SALARY THAT WILL COME FROM STONY BROOK FOUNDATION AND ANOTHER PORTION FROM THE UNIVERSITY, CAUSING CERTAIN EMPLOYEES TO RECEIVE TWO W-2'S. BENEFITS ARE PROVIDED BY THE STATE UNIVERSITY OF STONY BROOK. THE COMPENSATION REPORTED FOR MS. GOMES IN THE FORM 990 REPRESENTS THE AMOUNT STONY BROOK FOUNDATION PAID MS. GOMES IN EXCESS OF THE SALARY CAP. FORM 990, PART VII, SECTION A, LINE 2: FOR CALENDAR YEAR 2024, THE FOUNDATION ISSUED 11 W-2S; THE FOUNDATION DISCLOSES IN PART VII THAT IT PAID 29 INDIVIDUALS OVER $100,000. THIS INCONGRUITY IS DUE TO THE FOUNDATION SUPPORTING SALARIES FOR INDIVIDUALS WHO WORK FOR STONY BROOK UNIVERSITY, BUT WHO DO NOT GET A W-2 FROM STONY BROOK FOUNDATION, INC. THIS RELATIONSHIP IS MORE FULLY DESCRIBED IN THE NARRATIVE TO PART VI, LINE 15. STONY BROOK FOUNDATION REALTY 230 ADMINISTRATION STONY BROOK NY 11794 112622814 REAL ESTATE NY 501(C)(3) LINE 12A, I SBF 1 LONG ISLAND HIGH TECH INCUBATOR INC 25 EAST LOOP ROAD STONY BROOK NY 11790 113059018 DEVELOP TECH NY 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0