2023-11-14T14:57:12-06:00 2023-06-30 540618213 HANTZMON WIEBEL LLP PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2022-07-01 311755873 JEFFERSON SCHOLARS FOUNDATION JEFF 4342439029 112 CLARKE COURT CHARLOTTESVILLE VA 22903 ROBBYN L CALLAHAN VP AND DIRECTOR OF FINANCE 4342439029 2023-11-10 1 ROBBYN CALLAHAN XXX-XX-XXXX 0 MONTE J GLANZER P01301538 4342962156 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBBYN L CALLAHAN 112 CLARKE COURT CHARLOTTESVILLE VA 22903 50898327 0 X WWW.JEFFERSONSCHOLARS.ORG X 1998 VA THE JEFFERSON SCHOLARS FOUNDATION (FOUNDATION) PROVIDES ACADEMIC MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA). 30 30 23 1192 -85055 140274 34620144 33160494 0 0 225517 503729 52449 -162999 34898110 33501224 15551125 22562420 0 0 4131524 4507465 0 0 2534059 5868717 6859020 25551366 33928905 9346744 -427681 736040518 764689436 66681454 83781663 669359064 680907773 THE JEFFERSON SCHOLARS FOUNDATION (FOUNDATION) PROVIDES ACADEMIC MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA). 0 0 27744006 22562420 SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP PROGRAM IN SUPPORT OF UVA.THE FOUNDATION AWARDS ACADEMIC MERIT-BASED, FULL COST, FOUR-YEAR SCHOLARSHIP GRANTS TO BETWEEN 32 AND 50 INCOMING UNDERGRADUATES EACH YEAR. THE FOUNDATION ALSO AWARDED 21 ACADEMIC MERIT-BASED, GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES AND 7 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS DURING FISCAL YEAR 2023. LASTLY, THE FOUNDATION FUNDED, IN WHOLE OR IN PART, THE SALARIES, BENEFITS, AND OTHER RELATED COSTS OF 6 UVA PROFESSORS AND PROVIDED SUPPORT FOR 12 GRADUATE STUDENTS WORKING WITH THE PROFESSORS. OVERALL, THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO 303 STUDENTS AND FACULTY. 27744006 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 1 65 0 23 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CA IL KS KY MD MA MI MN MS NH NJ NY NC OR PA RI SC UT WV WI VA X ROBBYN L CALLAHAN 4342439029 112 CLARKE COURT CHARLOTTESVILLE VA 22903 ALLISON CRYOR DINARDO FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 ANNA M NEKORANEC FOUNDATION BOARD OF DIRECT 2.00 X 0 0 0 ANNE W POOLE FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 BRUCE A MILLER FOUNDATION BOARD OF DIRECT 2.00 X 0 0 0 MERRY W DOUGHERTY FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 DEBORAH H VALENTINE FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 E COURTNEY JOHNSON FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 FRANKLIN S EDMONDS JR FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 TYLER S HENRITZE FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 J DALE HARVEY II FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 JAMALA K MASSENBURG FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 JAMES E RYAN FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 KAREN CLARKE BARNES FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 KIRKMAN FINLAY III FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 LAWRENCE D HOWELL II FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 LEONARD J BUCK II FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 LINDA G RENNER FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 MARK T MASSEY FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 ROBERT S PITTS JR FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 RAYMOND KENNON POTEAT III FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 PAUL R IZLAR FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 ROBERT G BYRON FOUNDATION BOARD OF DIRECT 2.00 X 0 0 0 ROBERT W DOWNES FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 SHAHNAZ BATMANGHELIDJ FOUNDATION BOARD OF DIRECT 2.00 X 0 0 0 STEPHEN S CRAWFORD CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 T WESTRAY BATTLE III FOUNDATION BOARD OF DIRECT 1.00 X 0 0 0 TIFFANY B ARMSTRONG FOUNDATION BOARD OF DIRECT 2.00 X 0 0 0 TIMOTHY J INGRASSIA FOUNDATION BOARD OF DIRECT 2.00 X 0 0 0 TIMOTHY J NAUGHTON FOUNDATION BOARD OF DIRECT 2.00 X 0 0 0 WILLIAM L POLK JR VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 HELEN M DWYER ASSISTANT SECRETARY 40.00 X 196694 0 31400 JAMES H WRIGHT PRESIDENT/SECRETARY/TREASU 40.00 X 886765 0 325455 ROBBYN L CALLAHAN ASSISTANT TREASURER 40.00 X 157517 0 37160 BENJAMIN B SKIPPER DIRECTOR, GRADUATE AND UND 40.00 X 169687 0 89619 S PATRICK INGRAM DIRECTOR OF DEVELOPMENT 40.00 X 304500 0 146917 CHRISTINE E PATRICK ASSOCIATE DIRECTOR OF DEVE 40.00 X 126909 0 22421 KEVIN E MURRAY DIRECTOR OF GIFT PLANNING 40.00 X 148259 0 37136 PETER W SCHMIDT MAJOR GIFTS OFFICER 40.00 X 133672 0 15935 JOYCE CARMAN DIRECTOR OF COMMUNICATIONS 40.00 X 120862 0 20551 LEW BURRUS DIRECTOR OF TECHNOLOGY 40.00 X 116221 0 21090 2361086 0 747684 10 0 1 0 UVA INVESTMENT MANAGEMENT COMPANY 701 E WATER STREET 4TH FLOOR CHARLOTTESVILLE VA 22902 INVESTMENT MANAGEMENT 1390346 COLLIERS INTERNATIONAL ASSET SERVICES L 150 WEST MAIN STREET SUITE 1100 NORFOLK VA 23510 BUILDING MAINTENANCE 483691 JOURNEY GROUP INC PO BOX 315 CHARLOTTESVILLE VA 22902 MARKETING & COMMUNICATION 140319 JW TOWNSEND INC 3980 SEMINOLE TRAIL CHARLOTTESVILLE VA 22911 LANDSCAPING SERVICES 135148 4 33160494 483428 33160494 795796 153699 642097 814135 977134 -162999 -162999 -238754 75755 1086986 15040916 1089875 15330094 -2889 -289178 -292067 -292067 33501224 0 -85055 425785 21784134 21784134 778286 778286 2164183 456263 565677 1142243 1013450 639836 257430 116184 349990 114857 96359 138774 778133 216329 245420 316384 201709 69367 54928 77414 27242 27242 68000 68000 1392808 1392808 50818 10149 31762 8907 320240 147365 88616 84259 121884 40628 40628 40628 730957 537971 70875 122111 219639 4570 1694 213375 92745 92745 1032589 791635 119639 121315 963438 738620 111627 113191 117327 117327 SCHOLAR ENRICHMENT 924372 924372 SCHOLARSHIP SELECTION 487335 487335 TAXES AND LICENSES 253321 240610 12711 MISCELLANEOUS EXPENSE 39821 2289 10969 26563 16484 16484 33928905 27744006 3650840 2534059 23784349 25113441 62667090 60608949 1021950 1059800 2600000 2600000 538049 554900 30799355 10951966 20695632 19847389 571912454 569932931 52820994 84972026 736040518 764689436 411597 524181 38638558 46685330 22500000 22500000 9919563 5131299 4152589 66681454 83781663 X 21741317 21638153 647617747 659269620 669359064 680907773 736040518 764689436 X -427681 11403415 572975 X X 0 1 X 1 0 X 6118426 17820134 34505149 34620144 33160494 126224347 6118426 17820134 34505149 34620144 33160494 126224347 24571702 101652645 699651 917970 1183302 1130259 795796 4726978 130951325 0.77630 0.69350 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: ENDOWMENT GIFT AGREEMENT DATE: 06/03/19 AMOUNT: 100000000. UNUSUAL GRANT EXPLANATION (AS FILED WITH 2018 FORM 990) ON JUNE 3, 2019, THE FOUNDATION RECEIVED A $100 MILLION PLEDGE RECEIVABLE. THIS PLEDGE IS EXPECTED TO BE PAID IN CASH OVER A PERIOD OF 10-15 YEARS. THE FOUNDATION DEEMS THIS PLEDGE TO BE AN UNUSUAL GRANT BASED ON THE FOLLOWING FOUR FACTORS: - THE PLEDGE IS A SUBSTANTIAL CONTRIBUTION FROM A DISINTERESTED PARTY. - THE DONOR WAS ATTRACTED TO THE FOUNDATION BY REASON OF ITS PUBLICLY-SUPPORTED MISSION TO PROVIDE MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA). - THE PLEDGE IS EXTREMELY UNUSUAL WITH RESPECT TO AMOUNT. - BY REASON OF ITS AMOUNT, THE PLEDGE THREATENS THE FOUNDATION'S FUTURE ABILITY TO MEET THE PUBLIC SUPPORT TEST IN SCHEDULE A, PART II. THE DONOR WAS NOT INVOLVED WITH CREATING THE FOUNDATION. THE DONOR HAS NO INFLUENCE OVER THE INDEPENDENT BOARD OF DIRECTORS, WHICH IS MADE UP OF 30 DIVERSE INDIVIDUALS FROM ACROSS THE COUNTRY WHO BRING UNIQUE KNOWLEDGE AND INSIGHTS TO THE FOUNDATION. THE DONOR HAS ALSO NEVER BEEN A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. SINCE ITS FORMATION, THE FOUNDATION HAS HAD AN ACTIVE AND SUCCESSFUL FUND-RAISING PROGRAM. FUND-RAISING HAS BEEN SUPPORTED BOTH BY A FULL-TIME DEVELOPMENT TEAM AND THE LARGE, REPRESENTATIVE, AND INDEPENDENT BOARD OF DIRECTORS. OVER THE FIVE YEARS, 7/1/14-6/30/19, THE FOUNDATION HAS AVERAGED ANNUAL CONTRIBUTIONS OF APPROXIMATELY $12.8 MILLION FROM THOUSANDS OF DONORS. THERE IS A REASONABLE EXPECTATION THAT THE FOUNDATION WILL CONTINUE TO ATTRACT SUBSTANTIAL PUBLIC SUPPORT IN THE FUTURE. THE FOUNDATION HAS ALWAYS PASSED THE PUBLIC SUPPORT TEST BY A SIGNIFICANT MARGIN. FOR EXAMPLE, THE PUBLIC SUPPORT PERCENTAGE FROM THE 2017 SCHEDULE A, PART II, LINE 14 WAS 78.83%. HOWEVER, IF THIS PLEDGE WERE TO BE INCLUDED IN THE CURRENT YEAR PUBLIC SUPPORT TEST CALCULATION, THE FOUNDATION WOULD BE IN SIGNIFICANT DANGER OF NOT MEETING THE TEST IN SUBSEQUENT YEARS. THERE ARE NO MATERIAL RESTRICTIONS IMPOSED IN CONNECTION WITH THIS PLEDGE. THIS PLEDGE DOES NOT PLACE LIMITS ON THE ABILITY OF EITHER THE BOARD OF DIRECTORS OR MANAGEMENT TO ADMINISTER THE ASSETS IN A MANNER THAT WOULD BE INCONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSE. THE FOUNDATION'S EXEMPT PURPOSE IS TO PROVIDE MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT UVA. IN FUTURE YEARS, THIS CONTRIBUTION WILL HELP FUND FELLOWSHIPS AND PROFESSORSHIPS, AS WELL AS TO ESTABLISH A NEW MERIT-BASED SCHOLARSHIP PROGRAM FOR FIRST GENERATION UNIVERSITY STUDENTS. THIS PLEDGE IS NOT INTENDED TO UNDERWRITE OPERATING EXPENSES OF THE FOUNDATION. THE FOUNDATION HAS NEVER RELIED ON UNUSUAL GRANTS TO SUPPORT OPERATIONS. THE FOUNDATION HAS BEEN SUCCESSFUL IN FUND-RAISING BOTH FOR ITS PROGRAMMATIC AND OPERATIONAL NEEDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 588543696 52132190 10954026 14523652 39613670 1392808 596099782 583081452 61753312 -30420095 12816174 11785622 1269177 588543696 393827943 20199128 190586339 11512027 9179753 840178 583081452 376570109 18887996 19762350 11248369 9375018 769125 393827943 355912587 20719669 20959573 10893041 9339752 788927 376570109 0.05840 0.50550 0.43610 1 0 4786475 4786475 23801269 9215737 14585532 2111250 1736229 375021 100361 100361 19847389 PUBLIC EQUITY 152854620 F LONG/SHORT EQUITY 64540672 F PRIVATE EQUITY 149572453 F REAL ASSETS 85474719 F ABSOLUTE RETURN 78735105 F FIXED INCOME 36348074 F CASH AND ACCRUALS 2407288 F 569932931 BENEFICIAL INTEREST IN TRUSTS 2593251 PERPETUAL TRUSTS 56211925 REAL ESTATE - INVESTMENTS 26166850 84972026 INTEREST RATE SWAP 2413569 OTHER LIABILITIES 1739020 4152589 X 44084806 11403415 572975 11976390 32108416 1392808 1392808 33501224 32536097 0 32536097 1392808 1392808 33928905 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS: INVESTMENT INCOME EARNED BY THE ENDOWMENT FUNDS IS THE PRIMARY SOURCE OF OPERATIONAL REVENUE FOR THE FOUNDATION. THIS REVENUE IS USED TO SUPPORT THE SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP PROGRAMS AND THE RELATED OPERATIONAL NEEDS OF THE FOUNDATION. PART X, LINE 2: UNCERTAIN TAX POSITIONS UNDER FIN 48: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS CONSIDERED A PUBLIC CHARITY UNDER 509(A)(1) OF THE CODE. AS SUCH, CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY UNRELATED BUSINESS INCOME. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF AN UNCERTAIN POSITION TAKEN, MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,239,363. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUSTS -178,232. CHANGE IN FAIR VALUE OF PERPETUAL TRUSTS 87,853. RESERVE FOR NOTE RECEIVABLE -543,864. WRITE OFFS OF PLEDGES RECEIVABLE -32,145. 1 EUROPE 0 0 GRANTMAKING 246083 EAST ASIA 0 0 GRANTMAKING 130471 MIDDLE EAST 0 0 GRANTMAKING 42679 SOUTH ASIA 0 0 GRANTMAKING 154512 NORTH AMERICA 0 0 GRANTMAKING 115712 AFRICA 0 0 GRANTMAKING 13029 SOUTH AMERICA 0 0 GRANTMAKING 75800 0 0 0 0 0 0 778286 0 778286 FINANCIAL AID - INTERNATIONAL SCHOLARSHIP EUROPE 246083 FINANCIAL AID - INTERNATIONAL SCHOLARSHIP EAST ASIA 130471 FINANCIAL AID - INTERNATIONAL SCHOLARSHIP MIDDLE EAST 42679 FINANCIAL AID - INTERNATIONAL SCHOLARSHIP SOUTH ASIA 154512 FINANCIAL AID - INTERNATIONAL SCHOLARSHIP NORTH AMERICA 115712 FINANCIAL AID - INTERNATIONAL SCHOLARSHIP AFRICA 13029 FINANCIAL AID - INTERNATIONAL SCHOLARSHIP SOUTH AMERICA 75800 0 0 0 0 0 0 PART I, LINE 2: THE FOUNDATION AWARDS ACADEMIC MERIT-BASED SCHOLARSHIPS TO BETWEEN 32 AND 50 INCOMING UNDERGRADUATES EACH YEAR. THESE SCHOLARSHIPS COVER THE FULL ESTIMATED COST OF ATTENDING UVA FOR FOUR YEARS. THE FOUNDATION ALSO AWARDED 21 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES. ADDITIONALLY, THE FOUNDATION AWARDED 7 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS. THE FOUNDATION PROVIDED SUPPORT FOR 12 GRADUATE STUDENTS WORKING WITH PROFESSORS FUNDED, IN WHOLE OR IN PART, BY THE FOUNDATION. SCHOLARSHIP AND FELLOWSHIP RECIPIENTS WITH FOREIGN VISAS ARE REPORTED ON SCHEDULE F. PART III ACCOUNTING METHOD: 1 FINANCIAL AID - IN-STATE SCHOLARSHIPS 50 1926519 FINANCIAL AID - OUT-OF-STATE SCHOLARSHIPS 102 7497001 FINANCIAL AID - MISCELLANEOUS SCHOLARSHIPS 20 261251 FINANCIAL AID - INITIAL SCHOLARSHIPS 32 88000 FINANCIAL AID - GRADUATE FELLOWSHIPS 69 2465221 PROFESSORSHIP DISTRIBUTIONS 12 1507375 PART I, LINE 2: THE FOUNDATION AWARDS ARE USED TO FUND STUDENT TUITION AND FEES, BOOKS, ROOM AND BOARD, AND OTHER RELATED LIVING EXPENSES. THE FOUNDATION PAYS THE AWARDS DIRECTLY TO THE STUDENT. THE STUDENT IS RESPONSIBLE FOR PAYING UVA FOR THE TUITION, FEES AND, WHEN THE STUDENT LIVES ON GROUNDS, ROOM AND BOARD. OTHER EDUCATIONAL AND LIVING EXPENSES ARE COVERED BY THE REMAINDER OF THE AWARD. UPON ORIGINAL ACCEPTANCE OF THE SCHOLARSHIP, THE STUDENT AGREES TO MAINTAIN A MINIMUM GRADE POINT AVERAGE (GPA) AND TO BE FULLY INVOLVED IN THE STUDENT LIFE AND LEADERSHIP OF UVA. FINANCE TEAM MEMBERS WORK CLOSELY WITH THE UVA TO MONITOR THE PAYMENT OF TUITION AND FEES. THE DIRECTORS OF THE UNDERGRADUATE PROGRAMS MONITOR STUDENT GRADES TO DETERMINE THAT EACH STUDENT IS MAINTAINING THE GPA. A STUDENT WITH A GPA FALLING CLOSE TO THE MINIMUM STANDARD REQUIRED BY THE FOUNDATION RECEIVES A WARNING. A STUDENT WHO FAILS TO MEET THE GPA STANDARD IS SUSPENDED FROM THE PROGRAM UNTIL SUCH TIME THAT THE GPA HAS BEEN BROUGHT BACK ABOVE THE MINIMUM. STUDENT WARNINGS AND SUSPENSIONS ARE REVIEWED BY THE PROGRAM DIRECTORS WITH THE BOARD OF DIRECTORS AT EACH BOARD MEETING. SCHEDULE I, PART IV GRANTS AND ASSISTANCE THE FOUNDATION AWARDS ACADEMIC MERIT-BASED, FULL-COST, FOUR-YEAR SCHOLARSHIP GRANTS TO BETWEEN 32 TO 50 INCOMING UNDERGRADUATES EACH YEAR. THE FOUNDATION ALSO AWARDED 21 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO INCOMING PHD AND MBA CANDIDATES AND 7 ACADEMIC MERIT-BASED GRADUATE FELLOWSHIPS TO NATIONAL FELLOWS DURING FISCAL YEAR 2023. LASTLY, THE FOUNDATION FUNDED, IN WHOLE OR IN PART, THE SALARIES, BENEFITS, AND OTHER RELATED COSTS OF 6 UVA PROFESSORS AND PROVIDED SUPPORT FOR 12 GRADUATE STUDENTS WORKING WITH THE PROFESSORS. THE FOUNDATION ALSO AWARDS A VARIETY OF FACULTY PRIZES ANNUALLY TO DISTINGUISHED FACULTY MEMBERS. THESE AWARDS ARE BASED ON FACULTY EXCELLENCE IN TEACHING AND SCHOLARSHIP. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 JAMES H WRIGHT PRESIDENT/SECRETARY/TREASU 412826 0 120375 0 353564 0 308125 0 17330 0 1212220 0 0 0 S PATRICK INGRAM DIRECTOR OF DEVELOPMENT 259681 0 25625 0 19194 0 126076 0 20841 0 451417 0 0 0 BENJAMIN B SKIPPER DIRECTOR, GRADUATE AND UND 141194 0 14325 0 14168 0 69952 0 19667 0 259306 0 0 0 HELEN M DWYER ASSISTANT SECRETARY 178283 0 17561 0 850 0 24569 0 6831 0 228094 0 0 0 ROBBYN L CALLAHAN ASSISTANT TREASURER 149140 0 7625 0 752 0 19830 0 17330 0 194677 0 0 0 KEVIN E MURRAY DIRECTOR OF GIFT PLANNING 135267 0 375 0 12617 0 17469 0 19667 0 185395 0 0 0 PART I, LINE 1A THE JEFFERSON SCHOLARS FOUNDATION PROVIDED HEALTH CLUB DUES REIMBURSEMENT TO JAMES H. WRIGHT, S. PATRICK INGRAM, KEVIN E. MURRAY, BENJAMIN B. SKIPPER, CHRISTINE E. PATRICK, AND PETER E. SCHIMIDT. THIS BENEFIT WAS PROVIDED TO ENHANCE THEIR BENEFIT PACKAGES AND ASSIST IN EMPLOYEE RETENTION. PART I, LINE 4B THE FOUNDATION PROVIDED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO: JAMES H. WRIGHT, S. PATRICK INGRAM, AND BENJAMIN B. SKIPPER. AMOUNTS PAID INTO THE PLAN WERE: $280,000, $95,000, AND $55,000, RESPECTIVELY. A ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VA 521297503 02166PAC5 2017-10-01 22500000 SEE SCHEDULE K, PART VI 0 0 0 A 22500000 22500000 2017 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 TRUIST BANK 30.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE, DATE THE REBATE COMPUTATION WAS PERFORMED: 08/16/2019 SCHEDULE K, PART I, (F) DESCRIPTION OF PURPOSE THE $22,500,000 IN BOND PROCEEDS WERE USED TO REFUND THE 2007 AND 2010 BOND ISSUES. THE ORIGINAL BOND ISSUES WERE FOR PROPERTY ACQUISITION AND THE CONSTRUCTION OF THE JEFFERSON FELLOWS CENTER AND THE ADJOINING FOUNDATION ADMINISTRATIVE OFFICES. JAMES H WRIGHT PRES SEE PT V X 340650 1059800 0 1 1 1059800 SCHEDULE L, PART II, (C) PURPOSE OF LOANTHE FOUNDATION MAINTAINS A SPLIT-DOLLAR LIFE INSURANCE POLICY FOR THE BENEFIT OF THE PRESIDENT. ON JANUARY 1, 2004, THIS POLICY WAS CONVERTED TO A LOAN SUBSEQUENT TO IRS NOTICE 2002-8.THE LOAN IS COMPRISED OF THE LIFE INSURANCE POLICY PREMIUMS PAID BY THE FOUNDATION. AS OF JUNE 30, 2023, THE LOAN HAD A $1,059,800 OUTSTANDING BALANCE WITH LOAN REPAYMENT SECURED BY A COLLATERAL ASSIGNMENT. X 30 483428 MEAN VALUE 0 1 1 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF STOCK CONTRIBUTIONS. EACH CONTRIBUTION COULD INCLUDE MULTIPLE SHARES OF STOCK. PART I, LINE 32B: THE FOUNDATION HAS ITS OWN SECURITIES BROKERAGE ACCOUNT THAT IS USED TO RECEIVE AND SELL DONATED SECURITIES. THE FOUNDATION ALSO USES UVA ADVANCEMENT SERVICES AND ITS SECURITIES BROKER TO RECEIVE AND SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S BOARD OF DIRECTORS (BOARD) INCLUDES THREE EX-OFFICIO POSITIONS: THE CHAIR OF THE UVA ALUMNI ASSOCIATION OR DESIGNEE; A DESIGNEE BY THE BOARD OF VISITORS OF UVA IN CONSULTATION WITH THE FOUNDATION'S BOARD CHAIR; AND A DESIGNEE BY THE PRESIDENT OF UVA, ALSO IN CONSULTATION WITH THE FOUNDATION'S BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S INDEPENDENT AUDITORS PREPARED THE FORM 990 FROM INFORMATION PROVIDED BY THE FOUNDATION'S FINANCE TEAM. THE DIRECTOR OF FINANCE REVIEWS THE FORM 990 AND ACKNOWLEDGES RESPONSIBILITY FOR THE COMPLETENESS AND ACCURACY OF THE INFORMATIONAL TAX RETURN. UPON COMPLETION OF THE REVIEW, THE RETURN IS DISTRIBUTED TO MEMBERS OF THE BOARD'S AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER APPROVAL, THE RETURN IS MADE AVAILABLE TO ALL THE BOARD MEMBERS AND THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT COMPLIANCE: A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS DISTRIBUTED ANNUALLY. THE FOUNDATION MONITORS THE RETURN OF THE DISCLOSURE STATEMENTS AND FOLLOWS UP ACCORDINGLY. THE FOUNDATION REQUIRES EACH DIRECTOR AND EMPLOYEE TO DISCLOSE CONFLICTS OF INTERESTS AS THEY ARISE. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE DIRECTOR OF FINANCE FOR SITUATIONS REQUIRING DISCLOSURE TO, AND APPROVAL BY, THE BOARD OF DIRECTORS. THE CONFLICT OF INTEREST TRANSACTION MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS ON THE BOARD OF DIRECTORS WHO HAVE NO DIRECT OR INDIRECT PERSONAL INTEREST IN THE TRANSACTION. FINANCE TEAM MEMBERS MONITOR THE FOUNDATION'S BUSINESS DEALINGS TO IDENTIFY, WHEN POSSIBLE, A POTENTIAL CONFLICT OF INTEREST. ANY IDENTIFIED POTENTIAL CONFLICT OF INTEREST WOULD BE BROUGHT TO MANAGEMENT'S ATTENTION FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION EMPLOYS ITS PRESIDENT UNDER THE TERMS OF A FIVE-YEAR EMPLOYMENT AGREEMENT. THE CONTRACT TERMS AND COMPENSATION WERE ESTABLISHED BY THE BOARD OF DIRECTORS USING COMPARABLE DATA, A COMPENSATION CONSULTANT, AND AN EMPLOYEE BENEFITS ATTORNEY. THE BOARD DOCUMENTED THIS EMPLOYMENT DECISION THROUGH THE TERMS OF THE EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15B: THE FOUNDATION'S DIRECTOR OF BUSINESS PLANNING AND OPERATIONS CONDUCTS AN ANNUAL COMPENSATION REVIEW USING COMPARABLE COMPENSATION INFORMATION PERTAINING TO THE EMPLOYMENT RESPONSIBILITIES AND EXPERIENCE LEVELS OF ALL FOUNDATION STAFF. THIS COMPENSATION INFORMATION IS SHARED WITH THE FOUNDATION'S PRESIDENT FOR INPUT INTO THE REVIEW AND EVALUATION OF THE STAFF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION'S FORM 990 AND FORM 990-T ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNANCE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,239,363. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUSTS -178,232. CHANGE IN FAIR VALUE OF PERPETUAL TRUSTS 87,853. RESERVE FOR NOTE RECEIVABLE -543,864. WRITE-OFFS OF PLEDGES RECEIVABLE -32,145. FORM 990, PART XII, LINE 2C: NO CHANGES WERE MADE TO THE AUDIT OVERSIGHT OR INDEPENDENT ACCOUNTANT SELECTION PROCESSES DURING THE FISCAL YEAR. 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