2023-11-13T17:13:52-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2022-07-01 846049811 UNIVERSITY OF COLORADO FOUNDATION UNIV 3038137935 1800 GRANT STREET SUITE 725 DENVER CO 80203 JACK FINLAW PRESIDENT & CEO 3038137935 2023-11-13 1 JACK FINLAW XXX-XX-XXXX 0 DORI J EGGETT P00645252 3037409400 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACK FINLAW 1800 GRANT STREET SUITE 725 DENVER CO 80203 444580366 0 X WWW.GIVING.CU.EDU/CUFOUNDATION X 1967 CO THE FOUNDATION RECEIVES, MANAGES & PRUDENTLY INVESTS PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO. 20 19 28 19 9601731 0 192888529 306188355 6314915 7881766 242209648 120063635 7950059 10446610 449363151 444580366 199654986 222045447 0 0 2995846 3611959 1161463 1030508 35656335 87530189 59927200 291342484 286615114 158020667 157965252 2823618516 3048394011 606351950 618604126 2217266566 2429789885 X THE FOUNDATION RECEIVES, MANAGES AND PRUDENTLY INVESTS PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO AND SUPPORTS THE UNIVERSITY'S PHILANTHROPIC ENDEAVORS THROUGH DONOR STEWARDSHIP. 0 0 222045447 222045447 8726645 SEE SCHEDULE O.UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS TO BENEFIT THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $306,188,355 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2023. IN ADDITION, AS OF JUNE 30, 2023 THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $2,816,734,090 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO UNIVERSITY OF COLORADO IN THE AMOUNT OF $222,045,450. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC. 222045447 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 14 0 1 28 1 1 1 1 UK 0 0 0 1 1 1 3 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NC NH NJ NY OH OK OR PA RI SC TN UT VA WA WI WV X X CHARLENE LAUS 3038137905 1800 GRANT STREET SUITE 725 DENVER CO 80203 JACK FINLAW PRESIDENT & CEO 40.00 X X 434880 0 37355 A KELLER YOUNG ESQ SVP, GENERAL COUNSEL, CAO 40.00 X 289801 0 44788 SASKIA SAWYER AVP GIFT SERVICES 40.00 X 170990 0 36832 CHARLENE LAUS VP & CFO 40.00 X 155250 0 13833 ELIZABETH SAYER CONTROLLER 40.00 X 132818 0 17360 PATTY LESLIE VP & CFO - TERM ENDED 05/22 0.00 X 112510 0 14047 AGNETA ALBINSSON DIRECTOR 1.00 X 0 0 0 ANNIE BACCARY VP FOR ADVANCEMENT OPERATIONS 1.00 X 0 0 0 BRIAN DOLAN DIRECTOR 1.00 X 0 0 0 ILANA DUBIN-SPIEGEL UNVERSITY REGENT 1.00 X 0 0 0 NAN EKLUND DIRECTOR 1.00 X 0 0 0 WILLIAM K FISHER DIRECTOR 1.00 X 0 0 0 TODD FREDRICKSON DIRECTOR 1.00 X 0 0 0 MICHAEL D FRYT DIRECTOR 1.00 X 0 0 0 LISA KETTERING DIRECTOR 1.00 X 0 0 0 SCOTT KINGDOM DIRECTOR 1.00 X 0 0 0 ERIC J KRAMER DIRECTOR 1.00 X 0 0 0 KEVIN KRATT DIRECTOR 1.00 X 0 0 0 PATTY IMHOFF DIRECTOR 1.00 X 0 0 0 JEREMY O MAY DIRECTOR 1.00 X 0 0 0 BECKY L MEDVED DIRECTOR 1.00 X 0 0 0 GARY MEGGISON DIRECTOR 1.00 X 0 0 0 WILLIAM NELSON DIRECTOR 1.00 X 0 0 0 JACOB PRUITT DIRECTOR 1.00 X 0 0 0 TODD SALIMAN UNIVERSITY PRESIDENT 1.00 X 0 0 0 ASHOK SRIVASTAVA DIRECTOR 1.00 X 0 0 0 HEIDI WAGNER DIRECTOR 1.00 X 0 0 0 MELINDA H YEE DIRECTOR 1.00 X 0 0 0 1296249 0 164215 6 1 1 0 RALLY VENTURES 702 OAK GROVE AVENUE MENLO PARK CA 94025 INVESTMENT MANAGER 19227355 PERELLA WEINBERG PARTNERS 7979 E TUFTS AVE SUITE 700 DENVER CO 80237 INVESTMENT MANAGER 8946019 BAYOU CITY ENERGY 1201 LOUISIANA STREET SUITE 3308 HOUSTON TX 77002 INVESTMENT MANAGER 7404124 VISION RIDGE PARTNERS 12 E 20TH ST NEW YORK NY 10003 INVESTMENT MANAGER 6363173 STELLEX CAPITAL 900 THIRD AVENUE NEW YORK NY 10022 INVESTMENT MANAGER 1834622 39 306188355 9532887 306188355 ADV SUPP CUSTODIAL FDS 611710 7881766 7881766 7881766 28545175 28545175 91518460 0 91518460 91518460 91518460 UBIT REVENUE 523000 9601731 9601731 OTHER REVENUE 611710 433467 433467 CU ENDOWMENT TRANSFERS 900099 384645 384645 26767 26767 10446610 444580366 8726645 9601731 120063635 X 222045447 222045447 1333907 1333907 1803315 1803315 79057 79057 199034 199034 196646 196646 165692 165692 175627 175627 1030508 1030508 22787691 22787691 34827241 201414 34625827 379187 379187 551190 551190 168727 168727 23247 23247 400080 400080 71800 71800 228227 228227 MISCELLANEOUS OPERATING 110004 110004 DUES/MEMBERSHIPS/SUBSCR 20612 20612 PROFESSIONAL DEVELOPMEN 17875 17875 286615114 222045447 28913332 35656335 48616674 23507623 81094620 162887196 22649 701146 348362 86785 5563233 4434006 1177774 1129227 423207176 582597537 2218828189 2234136553 50323072 43347944 2823618516 3048394011 7380756 10716227 261551 227289 575494252 588228246 23215391 19432364 606351950 618604126 X 52304822 51550496 2164961744 2378239389 2217266566 2429789885 2823618516 3048394011 X 157965252 61383428 -6825361 X 0 1 X 1 0 X 196348889 193433008 262612492 192888529 306188355 1151471273 196348889 193433008 262612492 192888529 306188355 1151471273 98202702 1053268571 28235969 7615819 46050675 62545151 28545175 172992789 2954236 2170920 477799 232625 1926092 7761672 1332225734 23464859 0.79060 0.74790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 2,954,236. 2019 AMOUNT: $ 2,170,920. 2020 AMOUNT: $ 477,799. 2021 AMOUNT: $ 232,625. 2022 AMOUNT: $ 1,926,092. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 228127355 228127355 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 0 1 X 1727979591 61438723 52715110 159049 1841974375 1849671600 80029082 -127751141 73969950 1727979591 1317135836 103907709 485340949 56712894 1849671600 1240504416 76383080 54398753 54150413 1317135836 1150318539 63078817 77723433 50616373 1240504416 0.01206 0.50708 0.48086 1 0 32078 32078 1878300 853226 1025074 379063 379063 0 683071 610996 72075 2590721 2590721 0 1129227 DOMESTIC EQUITIES 36000000 F FIXED INCOME 226937154 F REAL ESTATE 122425867 F PRIVATE EQUITY 538696709 F ABSOLUTE RETURNS FUNDS 276515648 F VENTURE CAPITAL 303653044 F COMMODITIES 41706581 F OTHER 1389172 F COMINGLED EQUITY SECURITIES 686812378 F 2234136553 FUNDS HELD IN TRUST FOR OTHERS 2848398 LIABILITIES UNDER SPLIT INTEREST 16583966 19432364 476953779 61383428 3379407 64762835 412190944 22787691 9601731 32389422 444580366 263827423 0 263827423 22787691 22787691 286615114 PART IV, LINE 2B: THE FOUNDATION HOLDS AND INVESTS CERTAIN ENDOWMENT AND OTHER FUNDS IN A LONG TERM INVESTMENT POOL UNDER THE TERMS OF AN INVESTMENT MANAGEMENT AGREEMENT WITH UNIVERSITY OF COLORADO. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS INCLUDE DONOR RESTRICTED PURE AND QUASI-ENDOWMENT FUNDS, AND BOARD-DESIGNATED ENDOWMENT FUNDS. THESE ENDOWMENTS ARE MANAGED IN ACCORDANCE WITH THE FOUNDATION BOARD APPROVED SPENDING POLICY, AND DISTRIBUTIONS FORM THESE ENDOWMENTS ARE MADE IN ACCORDANCE WITH SUCH POLICY AND ARE AVAILABLE TO THE UNIVERSITY OF COLORADO TO SUPPORT ITS PROGRAMS AND OPERATIONS, IN ACCORDANCE WITH THE APPLICABLE DONOR'S RESTRICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,379,407. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME 9,601,731. 1 CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 292042418 WESTERN EUROPE - INVESTMENTS 55158470 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES INVESTMENTS 233785986 0 0 0 0 0 0 580986874 0 580986874 1 0 1 0 1 0 PART I, LINE 2: THE FOUNDATION DOES NOT PROVIDE GRANTS OR OTHER ASSISTANCE OUTSIDE OF THE UNITED STATES. PART III ACCOUNTING METHOD: X X X X X 1 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 MANAGE A TELEPHONE SOLICITATION PROGRAM 0 294899 1030508 -735609 294899 1030508 -735609 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NC NH NJ NY OH OK OR PA RI SC TN UT VA WA WI WV SCHEDULE G, PART I, LINE 2B, COLUMN (V) 100% OF GROSS RECEIPTS FROM ACTIVITY, OR COLUMN IV, ARE TRANSFERRED TO THE UNIVERSITY AS PHILANTHROPIC SUPPORT. THE AMOUNT PAID TO RUFFALO NOEL LEVITZ IN COLUMN V IS AN EXPENSE PAID TO HELP GROW THE NUMBER OF DONORS TO THE UNIVERSITY. 1 UNIVERSITY OF COLORADO 1800 GRANT ST SUITE 800 DENVER CO 80203 846000555 501(C)(3) 203336191 0 SEE PART IV UNIVERSITY OF COLORADO HOSPITAL FOUNDATION 2400 S PEORIA ST STE 100 AURORA CO 80014 208575263 501(C)(3) 1094485 0 PUBLIC SERVICE, MEDICAL OUTREACH UNIVERSITY OF NORTHERN COLORADO PO BOX 10 GREELEY CO 80639 846044833 501(C)(3) 15000 0 SCHOLARHSIPS METROPOLITAN STATE UNIVERSITY OF DENVER PO BOX 173362 DENVER CO 80217 840576459 501(C)(3) 15000 0 SCHOLARSHIPS UNIVERSITY OF DENVER 2199 S UNIVERSITY BOULEVARD DENVER CO 80210 840404231 501(C)(3) 12632 0 SCHOLARSHIPS 5 0 PART I, LINE 2: THE USE OF GRANTS MADE BY THE UNIVERSITY OF COLORADO FOUNDATION ARE MONITORED BY THE UNIVERSITY OF COLORADO. PART II, LINE 1: UNIVERSITY OF COLORADO - GRANTS PAID GIFTS AND INCOME DISTRIBUTED TO THE UNIVERSITY OF COLORADO WERE APPLIED AS FOLLOWS: ACADEMICS - $90,047,435 ATHLETICS - $7,317,405 CAPITAL PROJECTS - $14,565,143 PROFESSORSHIP CHAIRS - $29,045,872 PUBLIC SERVICE, ADMINISTRATION, LIBRARY - $4,161,325 RESEARCH - $27,268,080 SCHOLARSHIPS & FINANCIAL AID - $33,831,173 X X X X X 0 0 0 0 0 0 0 0 0 JACK FINLAW PRESIDENT & CEO 395731 0 39149 0 0 0 18300 0 19055 0 472235 0 0 0 A KELLER YOUNG ESQ SVP, GENERAL COUNSEL, CAO 263305 0 26496 0 0 0 18300 0 26488 0 334589 0 0 0 SASKIA SAWYER AVP GIFT SERVICES 160029 0 10961 0 0 0 10913 0 25919 0 207822 0 0 0 CHARLENE LAUS VP & CFO 155250 0 0 0 0 0 8153 0 5680 0 169083 0 0 0 ELIZABETH SAYER CONTROLLER 124333 0 8485 0 0 0 8061 0 9299 0 150178 0 0 0 PATTY LESLIE VP & CFO - TERM ENDED 05/22 92510 0 20000 0 0 0 0 0 14047 0 126557 0 0 0 X 278 8315887 AVG HIGH/LOW PRICE X 2 1217000 APPRAISAL VALUE 0 1 1 PART I, LINE 32B: THE FOUNDATION MAINTAINS ACCOUNTS AT UBS, CHARLES SCHWAB, WELLS FARGO, AND BANK OF NEW YORK MELLON FROM WHICH SECURITIES ARE RECEIVED AND SOLD. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM WILL REVIEW THE 990 WITH THE AUDIT COMMITTEE. THE AUDIT COMMITTEE CHAIR WILL PROVIDE A SUMMARY OF THIS REVIEW TO THE FULL BOARD ALONG WITH A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PROVIDED TO KEY EMPLOYEES, DIRECTORS, AND COMMITTEE MEMBERS WHO ARE NOT DIRECTORS. EACH RECIPIENT IS ASKED TO COMPLETE A DISCLOSURE CERTIFICATION. THESE DOCUMENTS ARE COLLECTED AND THE INFORMATION COMPILED IN THE FOUNDATION'S LEGAL DEPARTMENT. WHEN THE FOUNDATION IS CONSIDERING ENTERING INTO MAJOR TRANSACTIONS AND/OR CONTRACTS WITH OUTSIDE PARTIES, POTENTIAL CONFLICTS OF INTEREST ARE RESEARCHED. IF THERE IS AN IDENTIFIED CONFLICT, THE FOUNDATION FOLLOWS THE POLICY TO RESOLVE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF COLORADO FOUNDATION HAS A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE REVIEWS AND APPROVES SALARY ADJUSTMENTS AND ANY ADDITIONAL COMPENSATION FOR THE FOUNDATION'S OFFICERS. THE COMMITTEE RELIES ON MARKET COMPENSATION STUDIES FOR EACH APPLICABLE POSITION, WHICH ARE PERFORMED BY AN OUTSIDE COMPENSATION CONSULTANT AND UPDATED EVERY THREE YEARS. THE COMMITTEE'S DELIBERATION AND SALARY APPROVALS ARE DOCUMENTED IN THE MINUTES MAINTAINED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. AUDITED FINANCIALS ARE ALSO AVAILABLE ON THE CUF WEBSITE WWW.CUFUND.ORG. FORM 990, PART IX, LINE 11G CU SUPPORT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 201,414. FUNDRAISING EXPENSES 34,625,827. TOTAL EXPENSES 34,827,241. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,379,407. UNRELATED BUSINESS (INCOME)/LOSS -9,601,731. WRITE-OFF OF UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -603,037. THE UNIVERSITY OF COLORADO UK FOUNDATION LIMITED 1800 GRANT STREET SUITE 725 DENVER CO 80203 REAL ESTATE CO 501(C)(3) 509(A)(3) CU FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (52) CRAT/CRUT CO CU FOUNDATION T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0