2026-04-30T08:24:49-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 233054174 WEST CHESTER UNIVERSITY FOUNDATION WEST 6104362868 202 CARTER DRIVE WEST CHESTER PA 19382 CHRIS GERENZA CFO 6104362868 2026-04-30 1 1 KERRI N BOGDA P00760402 7177404863 2026-04-06 2024 2025-03-06 01:10:19Z DEBRA CORNELIUS 202 CARTER DRIVE WEST CHESTER PA 19382 23440318 0 X WWW.WCUFOUNDATION.ORG X 2000 PA PROMOTE THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL INTERESTS OF WEST CHESTER UNIVERSITY. 17 17 42 165 13154 12144 11986061 5810576 4649955 4986963 1968490 2959383 10654 -7733 18615160 13749189 4517208 3978746 0 0 3631575 3704686 0 0 2628294 3918710 3068822 12067493 10752254 6547667 2996935 65719791 70554423 2552339 2637298 63167452 67917125 X THE FOUNDATION WAS FORMED TO PROMOTE THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL INTERESTS OF WEST CHESTER UNIVERSITY. IT ACHIEVES THIS PURPOSE BY SOLICITING FUNDS AND OTHER PROPERTY IN ACCORDANCE WITH PRIORITIES ESTABLISHED BY THE UNIVERSITY. 0 0 5783175 3978746 4986963 THE FOUNDATION'S PROGRAM SERVICE ACCOMPLISHMENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE FOUNDATION RAISED MORE THAN $13 MILLION IN CONTRIBUTIONS IN SUPPORT OF WEST CHESTER UNIVERSITY. THIS TOTAL INCLUDED $5.9 MILLION IN OUTRIGHT GIFTS AND $7.1 MILLION IN FUTURE COMMITMENTS.OF THE $5.9 MILLION IN OUTRIGHT GIFTS, MORE THAN $2.1 MILLION WAS DESIGNATED FOR ENDOWMENTS TO PROVIDE LONG-TERM SUPPORT FOR STUDENT SCHOLARSHIPS AND UNIVERSITY PROGRAMS AND ACTIVITIES. OVER $3.7 MILLION WAS DESIGNATED FOR CURRENT-USE PURPOSES, SUPPORTING STUDENT SCHOLARSHIPS AND UNIVERSITY PROGRAMMING.DURING THE FISCAL YEAR, APPROXIMATELY $2 MILLION IN SCHOLARSHIPS WAS AWARDED TO NEARLY 1,200 STUDENTS BASED ON DONOR-ESTABLISHED CRITERIA. FOR MANY RECIPIENTS, THESE SCHOLARSHIPS MADE IT POSSIBLE TO ACCESS AND BENEFIT FROM A HIGH-QUALITY EDUCATION AT WEST CHESTER UNIVERSITY, OPPORTUNITIES THAT WOULD NOT HAVE BEEN ATTAINABLE WITHOUT THIS FINANCIAL SUPPORT. 5783175 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 112 0 42 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO DC FL KY MD MA MI ME MN ND NV NH NY OH OR OK PA SC UT WA WI X X CHRIS GERENZA CFO 6104362534 202 CARTER DRIVE WEST CHESTER PA 19382 COL DEBORAH J CHASE PRESIDENT 0.20 0.20 X X 0 0 0 THOMAS E MILLS IV VICE PRESIDENT 0.20 0.20 X X 0 0 0 WILLIAM SCOTTOLINE TREASURER 0.20 0.20 X X 0 0 0 MATTHEW HOLLIDAY SECRETARY 0.20 0.20 X X 0 0 0 DR DAWN APGAR TRUSTEE 0.20 0.20 X 0 0 0 DR JOHN H BAKER TRUSTEE 0.20 0.20 X 0 0 0 ERIC BOSSARD TRUSTEE 0.20 0.20 X 0 0 0 DAVID FLAMER TRUSTEE 0.20 0.20 X 0 0 0 MS KAREN COLLINS GIBSON TRUSTEE 0.20 0.20 X 0 0 0 DR MAURY HOBERMAN TRUSTEE 0.20 0.20 X 0 0 0 JESSICA KIENLE TRUSTEE 0.20 0.20 X 0 0 0 MICHAEL MELE TRUSTEE 0.20 0.20 X 0 0 0 MR EVAN MURRAY TRUSTEE 0.20 0.20 X 0 0 0 DR TAHANY NAGGAR TRUSTEE 0.20 0.20 X 0 0 0 JACQUI NORTH TRUSTEE 0.20 0.20 X 0 0 0 DOUGLAS A PACITTI TRUSTEE 0.20 0.20 X 0 0 0 MS MAY VAN TRUSTEE 0.20 0.20 X 0 0 0 DR JOAN M KAMINSKI PRESIDENT (UNTIL 07/2024) 0.20 0.20 X X 0 0 0 ROBERT PLUCIENIK VICE PRESIDENT (UNTIL 07/2024) 0.20 0.20 X X 0 0 0 KEITH BEALE TREASURER (UNTIL 07/2024) 0.20 0.20 X X 0 0 0 DR SANDRA F MATHER SECRETARY (UNTIL 07/2024) 0.20 0.20 X X 0 0 0 JILL SISKIND SR. DIRECTOR OF DEVELOPMENT 31.50 13.50 X 139513 0 31160 MOLLY CLARK DAVIS SR. DIR. ALUMNI ENG./ANNUAL FUND 18.00 27.00 X 141175 0 42073 DEBRA CORNELIUS EXECUTIVE DIRECTOR 31.50 13.50 X 167156 71638 38987 CHRISTINA GERENZA CFO 18.00 27.00 X 68564 102846 32727 JENNA BIRCH DIR -ALUMNI ENGAGEMENT 40.00 0.00 X 102289 0 27701 618697 174484 172648 5 0 1 0 POLETTO ROOFING LLC 829 LINCOLN AVENUE UNIT 12 WEST CHESTER PA 193804474 ROOF REPAIR 181355 ARAMARK SERVICES INC 700 SOUTH HIGH S WEST CHESTER PA 19383 FACILITIES MANAGEMENT 176523 BLACKBAUD INC PO BOX 830413 PHILADELPHIA PA 191820413 SOFTWARE SERVICES 107363 3 233112 142679 5434785 227184 5810576 CONTRACT REVENUE 611710 4986963 4986963 4986963 3542021 11141 3530880 51971 18490 33481 33481 33481 4231302 4605372 4153213 5266099 78089 -660727 -582638 -582638 145312 233112 253327 -108015 -108015 ALUMNI ASSOCIATION 900099 21725 21725 EVENT REGISTRATION FEES 900099 20407 20407 ATHLETICS 900099 15731 15731 8938 2013 6925 66801 13749189 4986963 13154 2938496 1979972 1979972 1998774 1998774 643434 185487 457947 2249512 280439 247366 1721707 212030 26434 23762 161834 368172 37304 10421 320447 231538 36901 48047 146590 588609 588609 80026 80026 22927 22927 141615 141615 340288 292100 9046 39142 79870 71369 8501 255707 103600 39257 112850 209934 92760 117174 129189 128289 900 171631 165006 2 6623 65353 65353 265871 265871 56285 5453 50832 UBIT 2890 2890 MEALS AND ENTERTAINMENT 369881 349612 20269 LICENSES, FEES, DEV 114312 16277 12631 85404 PRIZES AND AWARDS 54509 54509 119925 87178 28720 4027 10752254 5783175 2340785 2628294 3413114 2520792 10313374 16584600 2691744 1793897 985 1500 184955 261592 7501901 3482786 4100620 4019115 32042675 36273044 2787242 2932416 10185082 6167467 65719791 70554423 641153 716615 1801341 1569338 109845 351345 2552339 2637298 X 6077570 6541401 57089882 61375724 63167452 67917125 65719791 70554423 X 2996935 2420759 -668021 X 0 1 X 1 0 X 7970526 9077404 7701351 11986061 5810576 42545918 7970526 9077404 7701351 11986061 5810576 42545918 7294689 35251229 1148301 2984520 1890090 1834401 3582851 11440163 56919 152343 141022 119527 120159 589970 34806 167721 132792 87634 64787 487740 55063791 20157306 0.64020 0.64920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 34,806. 2021 AMOUNT: $ 167,721. 2022 AMOUNT: $ 132,792. 2023 AMOUNT: $ 87,634. 2024 AMOUNT: $ 64,787. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10752254 37843134 10752254 37843134 687613 1000000 171903 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 34599981 2178497 4720202 369861 1006561 131256 39991002 30452441 2044197 3523186 486057 933786 34599981 26092198 3243722 2459416 468305 874590 30452441 29684985 1244281 -3564911 468978 803179 26092198 21775112 2950280 5650041 379913 310535 29684985 0.00000 0.72750 0.27250 1 0 379085 379085 6517640 2877610 3640030 605176 605176 0 4019115 SPLIT-INTEREST AGREEMENTS 1544722 OTHER ASSETS 6047 DUE FROM AFFILIATE 133909 RIGHT OF USE ASSET 1466 REAL ESTATE HELD FOR SALE 4481323 6167467 LEASE LIABILITY 1466 CHARITABLE GIFT ANNUITY 84996 DUE TO AFFILIATE 264883 351345 X 15632129 2420759 -809636 1611123 14021006 -271817 -271817 13749189 10882456 271817 271817 10610639 141615 141615 10752254 PART V, LINE 4: FORTY-SEVEN PERCENT OF THE ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND FINANCIAL AID TO WEST CHESTER UNIVERSITY STUDENTS. FIFTY-THREE PERCENT OF THE ENDOWMENT FUNDS ARE USED TO PROVIDE OPERATING FUNDS FOR VARIOUS WEST CHESTER UNIVERSITY DEPARTMENTS. PART X, LINE 2: MANAGEMENT HAS EVALUATED SUBSTANTIVE TAX POSITIONS TAKEN BY THE FOUNDATION AS OF JUNE 30, 2025 AND 2024. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE-LIKELY-THAN-NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A LIKELIHOOD OF BEING REALIZED ON EXAMINATION OF MORE THAN 50 PERCENT. FOR TAX POSITIONS NOT MEETING THE "MORE-LIKELY-THAN-NOT" TEST, NO TAX BENEFIT IS RECORDED. MANAGEMENT BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS EXIST, EITHER INDIVIDUALLY OR IN THE AGGREGATE, THAT WOULD GIVE RISE TO THE NONRECOGNITION OF AN EXISTING TAX BENEFIT. AS OF JUNE 30, 2025 AND 2024, THE FOUNDATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES. THE FOUNDATION'S AND USH'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2024, 2023 AND 2022 REMAIN SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE DATE THE RETURNS WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 27,840. INVESTMENT FEES -141,615. UNCOLLECTIBLE PLEDGES -695,861. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -253,327. RENTAL EXPENSES -18,490. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 253,327. RENTAL EXPENSES 18,490. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 141,615. SCHEDULE D, PARTS XI, XII AND XIII THE ORGANIZATION DID NOT PARTICIPATE IN SEPARATE, STAND-ALONE AUDITED FINANCIAL STATEMENTS. CONSOLIDATING SCHEDULES ARE LOCATED IN THE BACK OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. SCHEDULE D PARTS XI, XII, AND XIII, ALTHOUGH NOT REQUIRED, HAVE BEEN PREPARED TO RECONCILE THESE CONSOLIDATING SCHEDULES TO THE FINANCIAL INFORMATION ON THIS FORM 990. PRESIDENTIAL GALA 229528 155320 74208 50770 112730 7250 QUARTERBACK CLASSIC GOLF OUTING 27453 9450 18003 14528 562 4231 7 112056 65865 46191 1399 44475 17383 369037 230635 138402 66697 157767 28864 253328 -114926 1 WEST CHESTER UNIVERSITY OF PENNSYLVANIA 700 SOUTH HIGH STREET WEST CHESTER PA 19383 232417773 170(C)(1) 1710224 29591 COST AND APPRAISALS DONATIONS TO BE USED IN THE OPERATIONS OF THE UNIVERSITY TO PROMOTE THE VARIOUS EXEMPT PURPOSES OF WEST CHESTER UNIVERSITY WEST CHESTER UNIVERSITY STUDENT SERVICES INC WCU SYKES UNION BLDG E ROSEDALE WEST CHESTER PA 19383 232490021 501(C)(3) 233426 0 TO PROMOTE THE VARIOUS EXEMPT PURPOSES OF STUDENT SERVICES, INC. 2 0 SCHOLARSHIP FOR STUDENTS OF WEST CHESTER UNIVERSITY. 1182 1998774 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE INCLUDE AWARDS, PRIZES, STIPENDS, SCHOLARSHIPS, AND SIMILAR PAYMENTS AND DISTRIBUTIONS THAT THE FOUNDATION MAKES TO WEST CHESTER UNIVERSITY, ITS AFFILIATES, AND ITS STUDENTS. WRITTEN GUIDELINES FOR EACH RESTRICTED FUND DEFINE THE DONOR-RESTRICTED PURPOSE AND PARAMETERS OF THE FUND. DISBURSEMENTS FROM THESE FUNDS REQUIRE THE RECIPIENT TO SUBMIT VERIFIABLE AND INDEPENDENT DOCUMENTATION THAT MEET THE GUIDELINE CRITERIA. THE SUBMISSION IS VERIFIED BY FOUNDATION STAFF FOR COMPLIANCE WITH THE GUIDELINES PRIOR TO DISBURSEMENT TO THE RECIPIENT. PART II: WEST CHESTER UNIVERSITY FOUNDATION DISTRIBUTES DONOR-RESTRICTED FUNDS TO WEST CHESTER UNIVERSITY TO USE FOR CAPITAL PROJECTS. THE FOUNDATION ALSO DISTRIBUTES DONOR RESTRICTED FUNDS TO DESIGNATED AFFILIATED ENTITIES OF WEST CHESTER UNIVERSITY. ALL ENTITIES THAT RECEIVE FUNDS FROM WEST CHESTER UNIVERSITY FOUNDATION HAVE INTERNAL CONTROLS TO ENSURE MONIES ARE PROPERLY ALLOCATED AND USED. ON OCCASION WEST CHESTER UNIVERSITY FOUNDATION PROVIDES SMALL GRANTS TO OTHER NON-PROFIT ORGANIZATIONS. THE FOUNDATION MAKES EVERY EFFORT TO OBTAIN INDEPENDENT VERIFICATION THAT THE FUNDS WERE USED IN COMPLIANCE WITH THE FOUNDATION'S EXPECTATIONS. X X X X 0 0 0 0 0 0 0 0 0 DEBRA CORNELIUS EXECUTIVE DIRECTOR 167156 71638 0 0 0 0 15529 6655 11762 5041 194447 83334 0 0 CHRISTINA GERENZA CFO 68564 102846 0 0 0 0 6370 9554 6721 10082 81655 122482 0 0 MOLLY CLARK DAVIS SR. DIR. ALUMNI ENG./ANNUAL FUND 141175 0 0 0 0 0 13115 0 28958 0 183248 0 0 0 JILL SISKIND SR. DIRECTOR OF DEVELOPMENT 139513 0 0 0 0 0 12961 0 18199 0 170673 0 0 0 X 7 187410 NYSE X 45 30783 PURCHASE PRICE X SOFTWARE/EQUIPMENT 3 8304 COST X SUPPLIES 3 686 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE WCU FOUNDATION BOARD OF TRUSTEES AND THE (NON-VOTING) CEO AND CFO OF WCU FOUNDATION. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT FOR THE BOARD BETWEEN ITS REGULAR MEETINGS. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE 990 DRAFT IN DETAIL AND CHANGES ARE SENT TO THE TAX PREPARER. ONCE THE FINAL 990 HAS BEEN APPROVED BY THE CHIEF FINANCIAL OFFICER, THE DRAFT 990 IS PROVIDED TO EACH TRUSTEE FOR REVIEW AND COMMENTS IN ADVANCE OF THE FILING DEADLINE. ONCE THE TRUSTEES HAVE HAD TIME TO REVIEW THE RETURN, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY CONFLICT-OF-INTEREST FORMS ARE COMPLETED BY EACH TRUSTEE AND OFFICER DISCLOSING CIRCUMSTANCES THAT MIGHT DISSUADE THEM FROM ACTING IN THE BEST INTEREST OF WEST CHESTER UNIVERSITY FOUNDATION. IN ADDITION, TRUSTEES SHALL MAKE PROMPT AND FULL DISCLOSURE TO THE BOARD OF A PROSPECTIVE SITUATION THAT MAY INVOLVE A CONFLICT OF INTEREST AS SOON AS THAT CONFLICT IS KNOWN. THIS DISCLOSURE SHOULD BE MADE A MATTER OF THE RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. IF A CONFLICT OF INTEREST SHOULD ARISE, THE CEO AND THE BOARD MEMBER SHOULD PROMPTLY RESOLVE THE MATTER AND THE RESOLUTION SHOULD BE RECORDED IN THE MINUTES OF THE BOARD. TRUSTEES WITH CONFLICTS SHALL REMOVE THEMSELVES FROM NEGOTIATIONS, DECISIONS, DELIBERATIONS, OR VOTES INVOLVING THE CONFLICT. THIS SHALL NOT BE CONSTRUED AS PREVENTING THE TRUSTEE FROM STATING HIS POSITION IN THE MATTER OR FROM ANSWERING PERTINENT QUESTIONS FROM THE BOARD WHEN HIS/HER KNOWLEDGE MAY BE OF ASSISTANCE. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPLICITLY MENTIONED IN THE POLICY AS SOURCES OF POTENTIAL CONFLICTS. MANAGERS AND EMPLOYEES ARE EXPECTED TO VOLUNTEER CONFLICTS OF INTEREST AS THEY ARISE TO THE CEO. THE CEO DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS, AND REQUESTS THE MANAGER OR EMPLOYEE TO RECUSE HIM/HER FROM TOPICS AND VOTING ON ISSUES RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS APPROVED IN ADVANCE BY THE BOARD OF TRUSTEES' GOVERNANCE AND NOMINATING COMMITTEE. PRIOR TO MAKING THE DETERMINATION, BOARD MEMBERS ARE INVITED TO OFFER FEEDBACK TO THE COMMITTEE ON THE PERFORMANCE-BASED GOALS ESTABLISHED FOR THE POSITION. THE COMMITTEE EVALUATES COMPENSATION DATA OF AT LEAST THREE COMPARABLE ORGANIZATIONS IN SIMILAR COMMUNITIES FOR SIMILAR SERVICE. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISION CONCURRENTLY WITH MAKING THE DETERMINATION. COMPENSATION LEVELS MAY BE DEFINED IN THE CEO'S EMPLOYMENT CONTRACT. THE CHIEF FINANCIAL OFFICER AND OTHER KEY EMPLOYEES' COMPENSATION ARE EVALUATED BY THE BOARD AS PART OF THE BUDGETING PROCESS USED TO DETERMINE THE COMPENSATION FOR THE ORGANIZATION'S EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 27,840. UNCOLLECTIBLE PLEDGES -695,861. UNIVERSITY STUDENT HOUSING LLC PO BOX 541 WEST CHESTER PA 19381 820571540 STUDENT HOUSING PA 501(C)(3) LINE 12A, I WEST CHESTER UNIVERSITY FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 UNIVERSITY STUDENT HOUSING LLC O 290000 COST UNIVERSITY STUDENT HOUSING LLC P 276283 COST UNIVERSITY STUDENT HOUSING 202 CARTER DRIVE WEST CHESTER PA 19382 820571540 0 0 0 0 0 0 0 0 0 0