2024-05-01T13:24:31-05:00 2023-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2022-07-01 237433570 UC RIVERSIDE FOUNDATION UCRI 9518276291 900 UNIV AVE 1136 HINDERAKER HALL RIVERSIDE CA 92521 KIMBERLY MCDADE VP FINANCE AND CFO 9518276294 2024-04-30 1 KIMBERLY MCDADE XXX-XX-XXXX 0 DAVID M HIGHFILL P01517891 2139724000 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KIMBERLY MCDADE 900 UNIVERSITY AVENUE 1136 HINDERAKER HALL RIVERSIDE CA 92521 25785451 0 X HTTP://FOUNDATION.UCR.EDU X 1974 CA TO SUPPORT EDUCATIONAL, RESEARCH, AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 37 36 0 36 0 0 12807494 11919831 0 0 790838 6409456 1377 10105 13599709 18339392 14026380 14864394 0 0 0 0 0 0 0 198761 169711 14225141 15034105 -625432 3305287 255637136 270599516 2350611 2221306 253286525 268378210 TO SUPPORT EDUCATIONAL, RESEARCH AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 0 0 13288394 13288394 SCHOLARSHIPS, FELLOWSHIPS, AWARDS AND OTHER SUPPORT OF FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 1576000 1576000 THE FOUNDATION RECEIVES, RECORDS AND MANAGES GIFTS FROM INDIVIDUALS, CORPORATIONS, ORGANIZATIONS AND FOUNDATIONS FOR THE SOLE BENEFIT OF UC RIVERSIDE IN ACCORDANCE WITH DONORS' WISHES. THE FOUNDATION PAYS A PERCENTAGE OF GIFTS RECEIVED, REFERRED TO AS GIFT FEES, AND A PERCENTAGE OF ENDOWMENT EARNINGS, KNOWN AS ENDOWMENT FEES, TO UC RIVERSIDE TO OFFSET THE CAMPUS COSTS OF ADMINISTERING AND CARRYING OUT THE TERMS OF THE ENDOWMENT AND TO HELP SUPPORT COSTS OF THE CAMPUS AND IN PARTICULAR THOSE RELATED TO ADVANCEMENT. 14864394 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 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 X 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 37 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X LUKE CHEN 9518276293 1136 HINDERAKER HALL RIVERSIDE CA 92521 ALLISON CAMPBELL CHAIR 1.00 0.00 X X 0 0 0 ERIK ANDERSON TREASURER 1.00 0.00 X X 0 0 0 BRIAN HAWLEY IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 EDWIN ALLEN ELECTED MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 DARIN ANDERSON ELECTED MEMBER 1.00 0.00 X 0 0 0 SUSAN ATHERTON ELECTED MEMBER 1.00 0.00 X 0 0 0 BEVERLY BAILEY ELECTED MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 WALLY BAKARE ELECTED MEMBER 1.00 0.00 X 0 0 0 DAVID BETTS ELECTED MEMBER (AS OF 7/1/22) 1.00 0.00 X 0 0 0 VIRGINIA BLUMENTHAL ELECTED MEMBER 1.00 0.00 X 0 0 0 GORDON BOURNS ELECTED MEMBER 1.00 0.00 X 0 0 0 LARRY CHUNG ELECTED MEMBER (AS OF 7/1/22) 1.00 0.00 X 0 0 0 KRISTIN CRELLIN ELECTED MEMBER 1.00 0.00 X 0 0 0 WILLIAM DAHLING ELECTED MEMBER 1.00 0.00 X 0 0 0 JANET DAVIS ELECTED MEMBER 1.00 0.00 X 0 0 0 ANTHONY DELUCIA ELECTED MEMBER 1.00 0.00 X 0 0 0 TIMOTHY GREENLEAF ELECTED MEMBER 1.00 0.00 X 0 0 0 NORA HACKETT ELECTED MEMBER 1.00 0.00 X 0 0 0 DAVID HADLEY ELECTED MEMBER 1.00 0.00 X 0 0 0 MICHAEL HUERTA ELECTED MEMBER (AS OF 7/1/22) 1.00 0.00 X 0 0 0 SAM KONYN ELECTED MEMBER 1.00 0.00 X 0 0 0 JEFF KRYNSKI ELECTED MEMBER 1.00 0.00 X 0 0 0 JAMES LIN ELECTED MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 CHING LIU ELECTED MEMBER 1.00 0.00 X 0 0 0 ALLISON MACKENZIE ELECTED MEMBER 1.00 0.00 X 0 0 0 WALTER MATERA ELECTED MEMBER 1.00 0.00 X 0 0 0 JAMES MERINO ELECTED MEMBER 1.00 0.00 X 0 0 0 BYRON POLLITT ELECTED MEMBER 1.00 0.00 X 0 0 0 TERESA POLLITT ELECTED MEMBER 1.00 0.00 X 0 0 0 JUDITH POSNIKOFF ELECTED MEMBER 1.00 0.00 X 0 0 0 MARY SCHULER ELECTED MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 STEVE SHUMAN EX-OFFICIO TRUSTEE (AS OF 7/1/22) 1.00 0.00 X 0 0 0 WALTER STEWART ELECTED MEMBER 1.00 0.00 X 0 0 0 BILL THOMAS ELECTED MEMBER 1.00 0.00 X 0 0 0 DAVID TSAI ELECTED MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 TRACY WANG ELECTED MEMBER 1.00 0.00 X 0 0 0 KIM A WILCOX EX-OFFICIO TRUSTEE 1.00 39.00 X 0 539889 21956 MONIQUE DOZIER PRESIDENT (AS OF 10/13/22) 1.00 39.00 X 0 124605 2809 KIMBERLY MCDADE VP FINANCE AND CFO 8.00 32.00 X 0 217728 18044 MARIE SCHULTZ EXECUTIVE VP (THRU 10/3/22) 1.00 39.00 X 0 240325 0 ESSAM ULHAQ ASSOCIATE TREASURER (THRU 8/26/22) 36.00 4.00 X 0 120904 14554 SHARILYN BERRY SECRETARY 36.00 4.00 X 0 132215 0 0 1375666 57363 0 0 1 0 0 11919831 1200995 11919831 2777074 2777074 11078441 7446059 3632382 3632382 3632382 OTHER INCOME 901101 10105 10105 10105 18339392 0 0 6419561 14864394 14864394 20724 20724 60999 60999 7800 7800 37860 37860 35119 35119 6204 6204 OTHER EXPENSES 1005 1005 15034105 14864394 169711 0 224954 263234 12805008 14016686 6442295 6225824 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 642266 510060 235522613 249583712 0 0 0 0 0 0 255637136 270599516 1828707 1876259 0 0 0 0 0 0 0 0 0 0 0 0 0 0 521904 345047 2350611 2221306 X 0 0 0 0 253286525 268378210 253286525 268378210 255637136 270599516 X 3305287 11011731 774667 X 0 1 X 1 0 X 10605778 18403146 18635758 12807494 11919831 72372007 10605778 18403146 18635758 12807494 11919831 72372007 12989157 59382850 6130224 1351124 1392631 806241 2777074 12457294 1377 10105 11482 84840783 0.69990 0.59160 X SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: MISCELLANEOUS REVENUE 2018 AMOUNT: $0. 2019 AMOUNT: $0. 2020 AMOUNT: $0. 2021 AMOUNT: $1,377. 2022 AMOUNT: $10,105. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 236956067 8300452 19737874 9339850 1410997 60999 254182547 259600004 7628910 -19878754 9009474 1323196 61423 236956067 193196234 9901444 66024138 7963604 1368002 190206 259600004 176553196 14895935 9861009 6205894 1586455 321557 193196234 172109725 9179677 2480330 5387671 1336168 492697 176553196 0.06610 0.58913 0.34477 0 0 0 PRIVATE EQUITY 3066041 F EXCHANGE TRADED PRODUCTS 75546 F OTHER 2832 F BALANCED FUNDS 246439293 F 249583712 LIABILITIES LIFE BENEFICIARIES 140262 DEFERRED INFLOWS-SPLIT INTEREST 204785 345047 30064791 11011731 594043 180624 11786398 18278393 60999 60999 18339392 14973106 0 14973106 60999 60999 15034105 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENTS PROVIDE FINANCIAL SUPPORT FOR VARIOUS UC RIVERSIDE SCHOOLS AND PROGRAMS, INCLUDING RESEARCH, STUDENT SCHOLARSHIPS AND FELLOWSHIPS, INSTRUCTIONAL SUPPORT, EQUIPMENT PURCHASES, CAPITAL IMPROVEMENTS AND EDUCATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 180,624. 0 REGENTS OF THE UNIV OF CA RIVERSIDE 900 UNIVERSITY AVENUE RIVERSIDE CA 92521 956006142 STATE OF CA 14864394 0 N/A N/A SUPPORT UNIV. PROG. 1 0 PART I, LINE 2: PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS THE UC RIVERSIDE FOUNDATION IS THE PRIMARY DEPOSITORY OF DONATIONS RECEIVED TO SUPPORT UC RIVERSIDE. GIFTS PROCESSED BY THE UC RIVERSIDE FOUNDATION INCLUDE 100% TAX DEDUCTIBLE DONATIONS PLUS MEMBERSHIP AND SPECIAL EVENTS PROCEEDS IN WHICH A PORTION OF THE CONTRIBUTIONS RECEIVED MAY INCLUDE QUID PRO QUO ITEMS. CONTRIBUTIONS AS NOTED ABOVE ARE TRANSFERRED TO THE UC RIVERSIDE CAMPUS AS GRANTS. THE CAMPUS USES THE GRANTS TO MAKE DISTRIBUTIONS FOR THE PURPOSE THE CONTRIBUTIONS WERE GIVEN AND IN COMPLIANCE WITH UNIVERSITY OF CALIFORNIA POLICIES. THESE DISTRIBUTIONS ARE FOR SCHOLARSHIPS AND FELLOWSHIPS, RESEARCH, SPECIAL EVENTS COSTS, OTHER PROGRAM COSTS, ETC. ENDOWMENT SPENDING PROVIDED FROM THE UC RIVERSIDE FOUNDATION'S ENDOWMENT IS GRANTED TO THE UC RIVERSIDE CAMPUS AND IS EXPENDED BY THE CAMPUS IN THE SAME MANNER. ALL SUCH EXPENDITURES OF THE GIFT FUNDS ARE INCURRED BY THE CAMPUS WITHIN THE UNIVERSITY'S ACCOUNTING SYSTEM AND ARE NOT REFLECTED ON THE FOUNDATION'S ACCOUNTING RECORDS. 0 0 0 0 0 0 0 0 0 KIM A WILCOX EX-OFFICIO TRUSTEE 0 539889 0 0 0 0 0 0 0 21956 0 561845 0 0 MARIE SCHULTZ EXECUTIVE VP (THRU 10/3/22) 0 240325 0 0 0 0 0 0 0 0 0 240325 0 0 KIMBERLY MCDADE VP FINANCE AND CFO 0 217728 0 0 0 0 0 0 0 18044 0 235772 0 0 FORM 990, PART VII, LINE 1A SCHEDULE J RELATED ENTITY DISCLOSURE WHILE THE REGENTS IS NOT A RELATED ENTITY UNDER THE DEFINITION IN FORM 990, GIVEN THE RELATIONSHIP BETWEEN THE REGENTS AND THE CAMPUS FOUNDATION, THE FOUNDATION REPORTS THE REGENTS AS A RELATED ENTITY FOR THE SAKE OF TRANSPARENCY. X 9 1200995 AVG PRICE DNTN DATE 0 0 1 1 PART I, LINE B: NUMBER OF CONTRIBUTIONS THE NUMBER OF CONTRIBUTIONS REPORTED IS BASED ON THE NUMBER OF DONATIONS RECEIVED FROM CONTRIBUTORS. PART I, LINE 32B: USE OF THIRD PARTIES NON CASH GIFTS ARE LIQUIDATED USING THIRD PARTY SELLERS TO FACILITATE TRANSACTIONS FROM CONTRIBUTORS. FORM 990, PART V, LINE 3B DURING FY23, UC RIVERSIDE FOUNDATION DID NOT HAVE UNRELATED BUSINESS GROSS INCOME OF $1,000 OR MORE; HOWEVER, IS FILING A 2022 FORM 990-T FOR CONTINUITY AND TO RETAIN THE NOL CARRYFORWARD SCHEDULE. FORM 990, PART VI DISCLOSURE FOR POLICIES THE UC RIVERSIDE FOUNDATION IS REQUIRED TO COMPLY WITH THE POLICIES OF THE UNIVERSITY OF CALIFORNIA. FORM 990, PART VI, SECTION A, LINE 2 BYRON AND TERESA POLLITT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE FOUNDATION'S BOARD OF TRUSTEES. DURING THE REVIEW THE COMMITTEE MEMBERS HAVE THE OPPORTUNITY TO ASK QUESTIONS OF THE FOUNDATION'S ACCOUNTING STAFF AND/OR THE ACCOUNTING FIRM PREPARING THE RETURN. A COMPLETE COPY OF THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING CONFLICTS OF INTEREST CONFLICT OF INTEREST POLICY - THE UC RIVERSIDE FOUNDATION HAS A CONFLICT OF INTEREST STATEMENT WHICH MUST BE COMPLETED BY BOARD MEMBERS, OFFICERS AND STAFF MEMBERS IN DECISION-MAKING ROLES ANNUALLY. THE CONFLICT OF INTEREST STATEMENT IS AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT. THE ANNUAL STATEMENTS ARE REVIEWED BY THE PRESIDENT AND CHIEF FINANCIAL OFFICER WHO MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST. ANY POTENTIAL OR ACTUAL CONFLICTS ARE DISCLOSED TO THE CHAIR OF THE BOARD OF TRUSTEES IN ORDER TO ADDRESS THEM APPROPRIATELY. A DETERMINATION IS THEN MADE TO: (A)TAKE NO ACTION; (B)ASSURE FULL DISCLOSURE TO THE BOARD OF TRUSTEES AND OTHER INDIVIDUALS COVERED BY THE POLICY; (C)ASK THE MEMBER OR STAFF PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS; OR (D)ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION ON THE BOARD OR IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION OF THE CEO AND OTHER OFFICERS NO OFFICERS OR OTHER EMPLOYEES RECEIVED ANY COMPENSATION FROM THE FILING ORGANIZATION (E.G., FOUNDATION) DURING FY23. ALL ARE EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA, RIVERSIDE AND ARE COMPENSATED BY THE UNIVERSITY. SENIOR MANAGEMENT INCLUDING THE CHANCELLOR, ARE COMPENSATED IN ACCORDANCE WITH UNIVERSITY OF CALIFORNIA REGENTS' POLICY 7701. A NUMBER OF FACTORS ARE CONSIDERED IN DETERMINING FAIR AND REASONABLE COMPENSATION INCLUDING: PERFORMANCE, PEER COMPARABILITY DATA, EXTERNAL MARKET COMPARABILITY, SCOPE AND BREADTH OF EXPERIENCE AND RESPONSIBILITIES. COMPENSATION OF THE CHANCELLOR IS APPROVED BY THE REGENTS. FORM 990, PART VI, SECTION C, LINE 18 PUBLICLY REQUIRED INFORMATION THE UC RIVERSIDE FOUNDATION POSTS ITS FORM 990 ON ITS WEBSITE. IT MAKES AVAILABLE ITS FORM 1023 APPLICATION AND ITS FORM 990-T UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE ARTICLES OF INCORPORATION, BYLAWS, FINANCIAL STATEMENTS AND THE CONFLICT OF THE INTEREST POLICY STATEMENT ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN FV OF SPLIT INTEREST AGREEMENTS 180,624. ADJUSTMENTS FOR PRIOR YEAR RETURNED GRANTS 594,043. REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN STREET OAKLAND CA 94607 943067788 EDUCATION CA GOVT. STATE OF CA 0 UNIVERSITY OF CALIFORNIA RIVERSIDE 900 UNIVERSITY AVE RIVERSIDE CA 92521 956006142 EDUCATION CA 501(C)(3) UC REGENTS 0 CHARITABLE REMAINDER UNITRUSTS (3) 900 UNIV AVE 1136 HINDERAKER HALL RIVERSIDE CA 92521 TRUST CA UCRF T 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0