2024-04-26T10:36:55-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2022-07-01 310896555 THE UNIVERSITY OF CINCINNATI FOUNDATION UNIV 5135566781 PO BOX 19970 CINCINNATI OH 452190970 THOMAS D FREEMAN V.P., CFO AND TREASURER 5135566781 2024-04-22 1 THOMAS FREEMAN 999009999 1 DORI J EGGETT P00645252 3037409400 2024-04-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAE MANG PO BOX 19970 CINCINNATI OH 452190970 156590393 0 X HTTP://FOUNDATION.UC.EDU X 1977 OH TO INSPIRE A COMMUNITY OF UC AND UC HEALTH SUPPORTERS THROUGH THE POWER OF PHILANTHROPY. 51 51 294 3416 87500 86500 95558765 94288493 23622301 27743052 24057277 26212724 -173650 74485 143064693 148318754 93726857 69755344 0 0 19503266 22379537 0 0 26996733 12628586 13591474 125858709 105726355 17205984 42592399 743496538 790352151 39194817 39059983 704301721 751292168 MISSION: TO INSPIRE A COMMUNITY OF UC AND UC HEALTH SUPPORTERS THROUGH THE POWER OF PHILANTHROPY.VISION: IGNITING PASSION TO TRANSFORM LIVES. 0 0 73302238 69755344 27655552 THE UC FOUNDATION IS THE FUNDRAISING ENTITY FOR THE UNIVERSITY OF CINCINNATI. THE UC FOUNDATION EXISTS TO ADVANCE THE FUTURES OF THE UNIVERSITY, ITS COLLEGES, UNITS, DEPARTMENTS, FACULTY AND STUDENTS THROUGH PHILANTHROPY AND TO PROMOTE ALUMNI ENGAGEMENT. ALL PROGRAM SERVICE ALLOCATIONS ARE MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF CINCINNATI. IN ADDITION TO THE ABOVE, THE UC FOUNDATION ALSO PROVIDES FUNDRAISING SERVICES FOR UC HEALTH AND RECORDS DONATIONS RECEIVED BY THE LINDNER CENTER OF HOPE. THE DONATIONS RECORDED BY THE UC FOUNDATION FOR UC HEALTH, THE LINDNER CENTER OF HOPE AND DONATIONS RECEIVED DIRECTLY BY THE UNIVERSITY OF CINCINNATI ARE NOT INCLUDED IN THE FORM 990 AS CONTRIBUTION AND GRANT REVENUE. 73302238 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 80 0 1 294 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 51 51 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CA CO CT IL KY LA ME MD MA MI MN NH NJ NM NY ND OK OR PA RI SC TN UT WV WI X X THOMAS D FREEMAN 5135566781 PO BOX 19970 CINCINNATI OH 452190970 LEIGH R FOX VICE CHAIR 1.00 0.00 X X 0 0 0 RAE A MANG CHAIR 1.00 0.00 X X 0 0 0 ALVIN H CRAWFORD MD TRUSTEE 1.00 0.00 X 0 0 0 AMANDA WAIT TRUSTEE 1.00 0.00 X 0 0 0 ANNDREA MOORE TRUSTEE 1.00 0.00 X 0 0 0 ANDREA K WIOT TRUSTEE 1.00 0.00 X 0 0 0 ANDREA I ZAHUMENSKY TRUSTEE 1.00 0.00 X 0 0 0 ANIL HINDUJA TRUSTEE 1.00 0.00 X 0 0 0 ARUN MURTHY TRUSTEE 1.00 0.00 X 0 0 0 BARBARA FANT TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER VAN PELT TRUSTEE 1.00 0.00 X 0 0 0 CORA K OGLE TRUSTEE 1.00 0.00 X 0 0 0 DARRELL D MILLER TRUSTEE 1.00 0.00 X 0 0 0 EDWIN L BOWMAN III TRUSTEE 1.00 0.00 X 0 0 0 ELLEN RIEVESCHL TRUSTEE 1.00 0.00 X 0 0 0 ERIC C BROYLES TRUSTEE 1.00 0.00 X 0 0 0 GARY D JOHNS TRUSTEE 1.00 0.00 X 0 0 0 GYAN JHA TRUSTEE 1.00 0.00 X 0 0 0 JACQUELINE C NEUMANN TRUSTEE 1.00 0.00 X 0 0 0 JAMES BOYCE TRUSTEE 1.00 0.00 X 0 0 0 JEROME C KATHMAN TRUSTEE 1.00 0.00 X 0 0 0 JERRY L FRITZ TRUSTEE 1.00 0.00 X 0 0 0 JOHN B BERDING TRUSTEE 1.00 0.00 X 0 0 0 JOHN TEW TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH P JUDGE TRUSTEE 1.00 0.00 X 0 0 0 JUDY L PERSHERN TRUSTEE 1.00 0.00 X 0 0 0 KEN V BYERS TRUSTEE 1.00 0.00 X 0 0 0 KIMBERLEE J DOBBS TRUSTEE 1.00 0.00 X 0 0 0 KIRK PERRY TRUSTEE 1.00 0.00 X 0 0 0 LAURENCE F JONES III TRUSTEE 1.00 0.00 X 0 0 0 LORI A BEER TRUSTEE 1.00 0.00 X 0 0 0 LOURDES HARSHE TRUSTEE 1.00 0.00 X 0 0 0 PAUL GREEN TRUSTEE 1.00 0.00 X 0 0 0 PETER A ALPAUGH TRUSTEE 1.00 0.00 X 0 0 0 PHIL D COLLINS TRUSTEE 1.00 0.00 X 0 0 0 RANDALL E SMITH TRUSTEE 1.00 0.00 X 0 0 0 RICHARD C SEAL TRUSTEE 1.00 0.00 X 0 0 0 ROBERT J KING TRUSTEE 1.00 0.00 X 0 0 0 RUSSELL C MYERS TRUSTEE 1.00 0.00 X 0 0 0 RUTHIE S KEEFE TRUSTEE 1.00 0.00 X 0 0 0 RYAN M RYBOLT TRUSTEE 1.00 0.00 X 0 0 0 SEAN P CONNELL TRUSTEE 1.00 0.00 X 0 0 0 SHAKILA T AHMAD TRUSTEE 1.00 0.00 X 0 0 0 SHENAN P MURPHY TRUSTEE 1.00 0.00 X 0 0 0 SHIMUL A SHAH TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN E KIMPEL TRUSTEE 1.00 0.00 X 0 0 0 STUART G HOFFMAN TRUSTEE 1.00 0.00 X 0 0 0 THOMAS CARLETON TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY A ELSBROCK TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J DAVIS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM T NEAT TRUSTEE 1.00 0.00 X 0 0 0 EVA L MADDOX TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 ROBERT R BUCK TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 PETER LANDGREN PRESIDENT 40.00 0.00 X 569135 0 49184 THOMAS D FREEMAN VP, CFO, TREASURER 40.00 0.00 X 281854 9450 37425 HEATHER ELLISON CHIEF OF STAFF, SECRETARY 40.00 0.00 X 104734 0 21163 JONATHAN AGREE VP, DEVELOPMENT - ACADEMIC HEALTH/UC HEALTH 40.00 0.00 X 330762 0 34582 STEVE ROSFELD VP FOR DEVELOPMENT 40.00 0.00 X 303225 0 47381 JENNIFER HEISEY EXEC DIRECTOR, VP ALUMNI RELATIONS 40.00 0.00 X 273801 0 30834 CARRIE WHITE VP, TECH, INFO & PHILANTHROPIC STRATEGY 40.00 0.00 X 235396 0 31522 MIKE ZENZ EXEC DIRECTOR FOR PRINCIPAL GIVING 40.00 0.00 X 157333 0 28711 CALEB WHITTED VP FOR PRINCIPAL GIVING 40.00 0.00 X 244916 0 39896 KAREN HATCHER ASSIST VP, PRINCIPAL GIFTS-ATHLETICS 40.00 0.00 X 229006 0 33689 JULIE ENGEBRECHT VP, STRATEGIC COMMUNICATIONS 40.00 0.00 X 198163 0 33454 LAUREEN MCCORKLE AVP DEVELOPMENT, UC CANCER CENTER 40.00 0.00 X 183680 0 39602 HEATHER PENA COO, UC ALUMNI ASSOCIATION 40.00 0.00 X 184726 0 30426 3296731 9450 457869 47 0 1 0 DINSMORE 255 E FIFTH ST SUITE 1900 CINCINNATI OH 45202 LEGAL SERVICES 116166 1 557466 93731027 6623447 94288493 GENERAL MANAGEMENT FEE 561499 15327945 15327945 END FUND-RAISING ASSESSMENT 561499 9508089 9508089 GIFT INVESTMENT FEE REVENUE 561499 2138167 2138167 UC OTHER TRUSTEE FEE REVENUE 561499 302406 302406 ENDOWMENT ADMIN. FEE REVENUE 561499 281659 281659 184786 97286 87500 27743052 8025563 8025563 25683449 7496288 18187161 18187161 18187161 849836 557466 775351 74485 74485 148318754 27655552 87500 26287209 69755344 69755344 2441228 261866 378017 1801345 15499116 1662557 2399995 11436564 1113985 119495 172497 821993 2145366 230129 332204 1583033 1179842 126559 182695 870588 142358 4883 86298 51177 89784 3080 54427 32277 193473 1003 181959 10511 1331214 49982 864267 416965 1939929 692443 30894 1216592 186043 13021 12104 160918 1673506 107971 469398 1096137 436398 52096 57827 326475 393034 48563 4596 339875 315045 22230 125017 167798 133269 17325 19990 95954 105934 12624 14012 79298 FUNDRAISING ASSESSMENT 5983567 5983567 CULTIVATION 310474 16171 4294 290009 FINANCE CHARGES 150391 44161 6615 99615 MEMBERSHIP DUES 54782 3856 21688 29238 152273 56879 8590 86804 105726355 73302238 5427384 26996733 28125693 22846170 103651661 121669164 2860156 3014110 313893 771212 7643320 7418948 294316 224372 596826464 629834834 11424355 11992289 743496538 790352151 15447853 15166520 52500 500000 23694464 23393463 39194817 39059983 X 19211276 19651447 685090445 731640721 704301721 751292168 743496538 790352151 X 42592399 5375582 -977534 X X 0 1 X 1 0 X 66886666 70687266 67880064 95558765 94288493 395301254 234694 192654 192654 192654 192654 1005310 67121360 70879920 68072718 95751419 94481147 396306564 42124446 354182118 10812576 8736514 15075894 19734386 8025563 62384933 135000 135000 135208 110000 87500 602708 460859 417297 237768 673321 849836 2639081 461933286 132694725 0.76670 0.76450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENT REVENUE - 2018 AMOUNT: $ 460,859. 2019 AMOUNT: $ 417,297. 2020 AMOUNT: $ 237,768. 2021 AMOUNT: $ 599,831. 2022 AMOUNT: $ 849,836. SET COMMISSION - 2021 AMOUNT: $ 73,490. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 581475459 23645342 36288693 8447310 20582637 612379547 574891720 25036460 4615300 6649337 16418684 581475459 445514316 20704713 128959503 5691700 14595112 574891720 448937214 23224244 -4303132 5984315 16359695 445514316 420797221 26325497 12634393 2783362 8036535 448937214 0.00580 0.92330 0.07090 0 0 1890258 1727557 162701 1130839 1069218 61621 4622223 4622173 50 224372 AGENCY PAYABLE 18389658 TRUST HELD FOR THE BENEFIT OF OTHERS 3892974 REFUNDABLE DEPOSITS 803356 OPERATING LEASE LIABILITIES 307475 23393463 X 152878733 5375581 192654 -844020 4724215 148154518 164236 164236 148318754 105888286 192654 133513 326167 105562119 164236 164236 105726355 PART V, LINE 4: THE EARNINGS FROM THE UNIVERSITY OF CINCINNATI FOUNDATION ENDOWMENT FUNDS ARE TRANSFERRED TO THE UNIVERSITY OF CINCINNATI TO BE DISBURSED ACCORDING TO THE RESTRICTIONS OF EACH ENDOWMENT. THESE RESTRICTIONS INCLUDE SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FACILITIES AND OTHER PROGRAMMATIC SUPPORT FOR THE COLLEGES AND DEPARTMENTS OF THE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DEFINED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS EXEMPT FROM FEDERAL INCOME TAXES. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS AS TO WHETHER IT IS MORE LIKELY THAN NOT A TAX POSITION COULD BE SUSTAINED IN THE EVENT OF AN AUDIT BY THE APPLICABLE TAXING AUTHORITY. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS, AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. OPEN TAX YEARS FOR THE FOUNDATION INCLUDE 2022, 2021, AND 2020. AS OF JUNE 30, 2023 AND 2022, THE FOUNDATION HAS NO ASSETS OR LIABILITIES RECORDED RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,549,826. FUNDRAISING EVENT EXPENSES 775,351. PLEDGE LOSS -3,169,196. ROUNDING -1. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PV OF ANNUITIES PAYABLE -641,839. FUNDRAISING EVENT EXPENSES 775,351. ROUNDING 1. OHIO INNOCENCE PROJECT 20TH ANNIVER 361611 148161 213450 109991 975 30229 SUNFLOWER REVOLUTION 188079 185777 2302 6017 699 59789 27 857612 223528 634084 1488 14585 258640 8991 283947 1407302 557466 849836 1488 20602 369330 9966 373965 775351 74485 1 UNIVERSITY OF CINCINNATI 2624 CLIFTON AVENUE CINCINNATI OH 45221 316000989 115 69755344 0 N/A N/A PROGRAM SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION WAS ESTABLISHED AS THE FUNDRAISING ENTITY FOR THE UNIVERSITY OF CINCINNATI. ALL MONEY RAISED IS TRANSFERRED TO THE UNIVERSITY. THE FOUNDATION DOES NOT DETERMINE THE USE OF THE GIFT FUNDS. FUNDS RAISED ARE ALLOCATED ACCORDING TO RESTRICTIONS ESTABLISHED BY DONORS. IF GIFTS ARE MADE WITHOUT DONOR RESTRICTIONS, ALLOCATION IS DETERMINED BY THE UNIVERSITY. X 1 1 X X X 0 0 0 1 0 0 0 1 0 PETER LANDGREN PRESIDENT 522802 0 33571 0 12762 0 27000 0 22184 0 618319 0 0 0 JONATHAN AGREE VP, DEVELOPMENT - ACADEMIC HEALTH/UC 304904 0 25600 0 258 0 27000 0 7582 0 365344 0 0 0 STEVE ROSFELD VP FOR DEVELOPMENT 274508 0 28561 0 156 0 20500 0 26881 0 350606 0 0 0 THOMAS D FREEMAN VP, CFO, TREASURER 256764 9450 24507 0 583 0 25992 0 11433 0 319279 9450 0 0 JENNIFER HEISEY EXEC DIRECTOR, VP ALUMNI RELATIONS 253501 0 20210 0 90 0 20500 0 10334 0 304635 0 0 0 CALEB WHITTED VP FOR PRINCIPAL GIVING 219862 0 25000 0 54 0 18597 0 21299 0 284812 0 0 0 CARRIE WHITE VP, TECH, INFO & PHILANTHROPIC STRAT 217541 0 17765 0 90 0 20500 0 11022 0 266918 0 0 0 KAREN HATCHER ASSIST VP, PRINCIPAL GIFTS-ATHLETICS 206439 0 22171 0 396 0 20693 0 12996 0 262695 0 0 0 JULIE ENGEBRECHT VP, STRATEGIC COMMUNICATIONS 178217 0 19605 0 341 0 18619 0 14835 0 231617 0 0 0 LAUREEN MCCORKLE AVP DEVELOPMENT, UC CANCER CENTER 174202 0 9384 0 94 0 16961 0 22641 0 223282 0 0 0 HEATHER PENA COO, UC ALUMNI ASSOCIATION 172782 0 11900 0 44 0 17405 0 13021 0 215152 0 0 0 MIKE ZENZ EXEC DIRECTOR FOR PRINCIPAL GIVING 143943 0 13255 0 135 0 15263 0 13448 0 186044 0 0 0 PART I, LINE 1A THIS ITEM IS COMPREHENDED UNDER THE FOUNDATION'S APPROVED EXPENDITURE POLICY. PART I, LINE 5 BONUS AMOUNTS FOR EMPLOYEES ARE DETERMINED AS PART OF THE FOUNDATION'S PERFORMANCE MANAGEMENT SYSTEM AND ARE CONTINGENT UPON MEETING FUNDRAISING AND OTHER PERFORMANCE GOALS. BONUS AMOUNTS ARE EQUAL TO A PERCENTAGE OF AN EMPLOYEE'S SALARY OR MAY BE DISCRETIONARY BASED ON OVERALL EMPLOYEE PERFORMANCE. X 98 6354134 AVG HIGH/LOW PRICE X 1 220000 APPRAISAL X DONATED CATERING 1 49263 COST X AMEX GIFT CARD 1 50 COST 0 1 1 PART I, LINE 32B: PUBLICLY TRADED STOCK IS SOLD BY LOCAL STOCK BROKERS. SCHEDULE M, PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE FINANCE & RISK COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. THE FINANCE & RISK COMMITTEE REPORTS ON THE RESULTS OF THEIR REVIEW TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL APPROVAL PRIOR TO FILING. THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES MUST ACT IN ACCORDANCE WITH THE FOUNDATION'S CONFLICT OF INTEREST POLICY. TRUSTEES SHALL DISCLOSE TO THE BOARD ANY ACTUAL, PERCEIVED, OR POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. WHERE A TRUSTEE'S BUSINESS OR OTHER RELATIONSHIP MAY BE INVOLVED IN A FINANCIAL TRANSACTION WITH THE FOUNDATION, SUCH TRANSACTION SHALL BE MADE AS A RESULT OF COMPETITIVE BIDDING OR OTHER OBJECTIVE MEASURE IN THE BEST INTEREST OF THE FOUNDATION, OR, WHERE PRICE IS NOT A FACTOR, DECISIONS SHALL BE MADE ONLY AFTER DISCUSSIONS BY THE BOARD OF TRUSTEES, AND ONLY WHERE IT IS CLEAR THAT NO OTHER SOURCE CAN BETTER SERVE THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 POSITION COMPENSATION IS COMPARED ANNUALLY TO MARKET COMPENSATION BENCHMARKING DATA BY THE HUMAN RESOURCES DEPARTMENT. EVALUATION OF INDIVIDUAL PERFORMANCE AGAINST ESTABLISHED GOALS OCCURS ANNUALLY. THE UNIVERSITY OF CINCINNATI FOUNDATION BOARD OF TRUSTEES COMPENSATION COMMITTEE REVIEWS AND APPROVES COMPENSATION DECISIONS. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN FISCAL YEAR 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ANNUAL AUDIT REPORT WITH FINANCIAL STATEMENTS AND FOOTNOTES ARE ALSO AVAILABLE ON THE AUDITOR OF STATE OF OHIO WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN PV OF ANNUITIES PAYABLE 641,839. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,549,826. PLEDGE LOSS -3,169,196. ROUNDING -3. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. UCF REAL ESTATE LLC 100 UNIVERSITY HALL 51 GOODMAN DRIV CINCINNATI OH 45219 REAL ESTATE HOLDING OH 0 220000 UNIVERSITY OF CINCINNATI FOUNDATION UCF HOLDINGS LLC 100 UNIVERSITY HALL 51 GOODMAN DRIV CINCINNATI OH 45219 REAL ESTATE HOLDING OH 0 10800000 UNIVERSITY OF CINCINNATI FOUNDATION UNIVERSITY OF CINCINNATI 2624 CLIFTON AVENUE CINCINNATI OH 45221 316000989 SCHOOL OH 115 N/A 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 UNIVERSITY OF CINCINNATI B 69755344 FMV UNIVERSITY OF CINCINNATI K 239472 FMV