2023-11-09T16:36:57-06:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-01-01 330712822 SDSU FOUNDATION HEALTH VEBA PLAN FOR POST RETIREMENT HEALTHCARE BENEFITS SDSU 6195945771 5250 CAMPANILE DRIVE SAN DIEGO CA 921821947 LESLIE R LEVINSON TRUSTEE 6195945771 2023-11-09 1 LESLIE LEVINSON XXX-XX-XXXX 0 DANIEL ROMANO P00504182 2125990100 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LESLIE R LEVINSON 5250 CAMPANILE DRIVE SAN DIEGO CA 921821947 139050 0 X N/A X 1984 CA TO PROVIDE POST RETIREMENT HEALTH BENEFITS TO ELIGIBLE EMPLOYEES OF SAN (SEE SCHEDULE O) DIEGO STATE UNIVERSITY RESEARCH FOUNDATION. 3 0 0 0 0 0 0 0 43483 21354 114215 117696 0 0 157698 139050 0 0 299133 357360 0 0 0 0 0 84979 55930 384112 413290 -226414 -274240 15238617 12915097 8444623 8831014 6793994 4084083 TO PROVIDE POST RETIREMENT HEALTH BENEFITS TO ELIGIBLE EMPLOYEES OF SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION. 0 0 INSURANCE PREMIUMS AND COSTS FOR HEALTH BENEFITS (VEBA TRUST). 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X LESLIE R LEVINSON 6195945771 5250 CAMPANILE DRIVE SAN DIEGO CA 921821947 MICHELE G GOETZ TRUSTEE 2.00 38.00 X 0 221080 67568 LESLIE R LEVINSON TRUSTEE 2.00 38.00 X 0 207509 64476 DEB L NAYLON TRUSTEE 2.00 38.00 X 0 170906 61573 0 599495 193617 0 0 1 0 0 PLAN CONTRIBUTIONS 525100 21354 21354 21354 117696 117696 139050 21354 0 117696 357360 357360 14679 14679 41251 41251 413290 357360 55930 0 15238617 12915097 15238617 12915097 158502 157153 8286121 8673861 8444623 8831014 X 6793994 4084083 0 0 0 0 6793994 4084083 15238617 12915097 X -274240 -2047931 -387740 X 0 1 X 1 0 0 POST RETIREMENT BENEFIT OBLIGATION 8673861 8673861 139050 0 139050 0 139050 2461221 2047931 2047931 413290 0 413290 PART XII, LINE 2D - OTHER ADJUSTMENTS: NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS 2,047,931. 0 0 0 MICHELE G GOETZ TRUSTEE 0 217322 0 3500 0 258 0 40228 0 27340 0 288648 0 0 LESLIE R LEVINSON TRUSTEE 0 203613 0 3500 0 396 0 40426 0 24050 0 271985 0 0 DEB L NAYLON TRUSTEE 0 167268 0 3500 0 138 0 51161 0 10412 0 232479 0 0 FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF GOVERNING BODY APPROVAL BY MEMBERS OR SHAREHOLDERS ALL SUBSTANTIVE ACTIONS OF THE TRUSTEES ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS OF SDSU RESEARCH FOUNDATION. CONTEMPORANEOUS MINUTES ARE MAINTAINED FOR THE BOARD AND ALL OF ITS COMMITTEES. IN 2017, A VEBA TRUST OVERSIGHT COMMITTEE WAS FORMED COMPRISED OF SIX MEMBERS - THE EXECUTIVE DIRECTOR, THE CFO, AND EMPLOYEES FROM THE HUMAN RESOURCES AND FINANCE DEPARTMENTS OF SDSU RESEARCH FOUNDATION. THE OVERSIGHT COMMITTEE PROVIDES ADMINISTRATIVE DUTIES SUCH AS CONFIRMING THAT PLAN OPERATIONS ARE BEING CARRIED OUT AS PRESCRIBED AND ADOPTING ANY NECESSARY AMENDMENTS OR RESTATEMENT TO THE PLAN. ADDITIONALLY, THE RESPONSIBILITIES FOR OVERSIGHT OF THE TRUST'S AUDIT HAVE BEEN PERFORMED BY THE AUDIT COMMITTEE OF SDSU RESEARCH FOUNDATION AND OVERSIGHT OF THE TRUST'S INVESTMENTS HAVE BEEN PERFORMED BY THE FINANCE AND INVESTMENT COMMITTEE OF SDSU RESEARCH FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS GRANT THORNTON LLP AND THE TRUSTEE'S FINANCE STAFF WORK TOGETHER TO GATHER THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. THE INITIAL DRAFT RETURN IS REVIEWED BY GRANT THORNTON AND THE TRUSTEE'S FINANCE STAFF. AFTER THE RETURN IS DISCUSSED AND REVIEWED, RECOMMENDED CHANGES ARE REFLECTED ON THE RETURN. THE RETURN IS THEN DISTRIBUTED TO THE VEBA TRUST OVERSIGHT COMMITTEE PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ALTHOUGH THERE IS NOT A SEPARATE CONFLICT OF INTEREST POLICY FOR THE VEBA TRUST, THE CONFLICT OF INTEREST POLICIES OF SDSU RESEARCH FOUNDATION ARE FOLLOWED. SDSU RESEARCH FOUNDATION REQUIRES EACH INTERESTED PARTY (INCLUDING THE TRUSTEES OF THE VEBA TRUST) TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. SDSU RESEARCH FOUNDATION ALSO MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH ITS PURCHASING AND SPONSORED RESEARCH DEVELOPMENT DEPARTMENTS. SDSU RESEARCH FOUNDATION STAFF REVIEWS CONTRACTS AND REQUISITIONS FOR POTENTIAL CONFLICTS. MANY OF ITS INTERNAL PROCESSING DOCUMENTS INCLUDE AFFIRMATIONS REGARDING LACK OF CONFLICTS. THE BOARD OF DIRECTORS IS AUTHORIZED TO TAKE WHATEVER ACTION IT DEEMS NECESSARY TO RESOLVE POTENTIAL OR ACTUAL CONFLICTS INCLUDING: (1) PROHIBITING THE INTERESTED PARTY FROM DISCUSSIONS OR DECISIONS REGARDING THE CONFLICT OF INTEREST; (2) MODIFYING OR REDEFINING THE DUTIES AND RESPONSIBILITIES OF THE INTERESTED PARTY; OR (3) REQUIRING THE RESIGNATION OF THE INTERESTED PARTY. THE ORGANIZATION ALSO FOLLOWS THE WRITTEN WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES OF SDSU RESEARCH FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS OF THE TRUST ARE AVAILABLE UPON REQUEST. THE REQUESTED DOCUMENTS CAN BE DELIVERED ELECTRONICALLY OR IN PRINTED FORM AT THE REQUEST OF THE RECIPIENT. NO CHARGE FOR COPYING HAS EVER BEEN IMPOSED. FORM 990, PART XI, LINE 9: INCREASE IN TOTAL OTHER POST EMPLOYMENT BENEFIT LIABILITY -387,740. SAN DIEGO STATE UNIVERSITY FOUNDATION 5250 CAMPANILE DRIVE MC 1947 SAN DIEGO CA 921821947 956042721 RESEARCH AND EDUCATIONAL AUXILIARY OF SDSU CA 501(C)(3) 11 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0