2024-03-26T09:09:36-05:00 2023-06-30 134260189 BOISSELLE MORTON & WOLKOWICZ LLP 48 BAY ROAD PO BOX 374 HADLEY MA 01035 990 2022-07-01 542084125 UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC UNIV 4135770259 134 HICKS WAY AMHERST MA 01003 MATTHEW LITTLEFIELD TREASURER 4135770259 2024-03-26 1 MATTHEW LITTLEFIELD 999009999 0 JOSEPH P WOLKOWICZ CPA P00734754 4135870099 2024-03-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ARWEN DUFFY 134 HICKS WAY AMHERST MA 01003 7608755 0 X WWW.UMA-FOUNDATION.ORG X 2002 MA TO OPERATE FOR THE EXCLUSIVE BENEFIT OF THE UMASS AMHERST BY RAISING FUNDS FOR THE UMASS AMHERST. 44 40 24 37 0 0 0 988121 4647084 6620634 0 0 0 0 4647084 7608755 0 988121 0 0 4403310 5652669 0 0 0 243774 967965 4647084 7608755 0 0 444765 2374448 444765 2374448 0 0 X THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION LEADS AND SUPPORTS PRIVATE FUND RAISING ON BEHALF OF THE FACULTY, STAFF AND STUDENTS OF THE AMHERST CAMPUS. ITS VOLUNTEER BOARD OF DIRECTORS PROVIDES LEADERSHIP FOR THE DEVELOPMENT OF PHILANTHROPIC INVESTMENT IN SUPPORT OF THE RESEARCH, TEACHING AND OUTREACH OF UMASS AMHERST. THE FOUNDATION WORKS CLOSELY WITH CAMPUS LEADERSHIP TO IDENTIFY OPPORTUNITIES FOR PRIVATE SUPPORT AND TO ENHANCE UMASS AMHERST'S EFFECTIVENESS IN COMMUNICATING ITS REMARKABLE STRENGTH AND OPPORTUNITIES TO ITS MANY CONSTITUENCIES. 0 0 6204152 988121 6620634 THE ORGANIZATION PROVIDED ON-GOING FUNDRAISING FOR THE UNIVERSITY OF MASSACHUSETTS AMHERST. 6204152 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 44 40 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 MA X SEVERINE BELTRAMO 4135452142 134 HICKS WAY AMHERST MA 01003 THOMAS F ACKERMAN DIRECTOR 2.00 X 0 0 0 CAREN P ARNSTEIN DIRECTOR 2.00 X 0 0 0 DOUGLAS A BERTHIAUME DIRECTOR 2.00 X 0 0 0 JOHN L BROOKS DIRECTOR 2.00 X 0 0 0 JAMES R BUONOMO DIRECTOR 2.00 X 0 0 0 MICHELLE A CARDINAL DIRECTOR 2.00 X 0 0 0 PAUL J CARNEY DIRECTOR 2.00 X 0 0 0 MADHURA V CHACKO DIRECTOR 2.00 X 0 0 0 CHRISTOPHER F COLEMAN DIRECTOR 2.00 X 0 0 0 DENISE M COLL DIRECTOR 2.00 X 0 0 0 ROBERT L EPSTEIN DIRECTOR 2.00 X 0 0 0 DANIEL E FEDER DIRECTOR 2.00 X 0 0 0 ROBERT S FELDMAN DIRECTOR 2.00 X 0 0 0 DAVID G FUBINI DIRECTOR 2.00 X 0 0 0 BENJAMIN J GALLACHER DIRECTOR 2.00 X 0 0 0 NAN GINER DIRECTOR 2.00 X 0 0 0 HAOHAO GUO DIRECTOR 2.00 X 0 0 0 GEORGE K HERTZ DIRECTOR 2.00 X 0 0 0 JAMES G HUNT DIRECTOR 2.00 X 0 0 0 ELIZABETH A HUSTED DIRECTOR 2.00 X 0 0 0 PAMELA M JACOBS DIRECTOR 2.00 X 0 0 0 JAMES F KANE DIRECTOR 2.00 X 0 0 0 CHRISTOPHER LISTER DIRECTOR 2.00 X 0 0 0 PAUL MANGANARO DIRECTOR 2.00 X 0 0 0 NICHOLAS C MARKEY DIRECTOR 2.00 X 0 0 0 JAMES P PALERMO DIRECTOR 2.00 X 0 0 0 KAREN M PETERS DIRECTOR 2.00 X 0 0 0 NANCY J ROSEN DIRECTOR 2.00 X 0 0 0 KIMBERLY E SHERMAN DIRECTOR 2.00 X 0 0 0 CHARLES H SHERWOOD DIRECTOR 2.00 X 0 0 0 JOHN N SPINNEY DIRECTOR 2.00 X 0 0 0 PETER G TROVATO DIRECTOR 2.00 X 0 0 0 PATRICK J VEALE DIRECTOR 2.00 X 0 0 0 MICHAEL J WEIR DIRECTOR 2.00 X 0 0 0 PHILIP E BAKERMAN EX-OFFICIO DIRECTOR 1.00 X 0 0 0 JAMES R JULIAN EX-OFFICIO DIRECTOR 2.00 X 0 0 0 JOHN J MCCARTHY EX-OFFICIO DIRECTOR "PAST" 1.00 X 0 0 0 ANDREW P MANGELS EX-OFFICIO DIRECTOR 1.00 X 0 339920 75381 TRICIA R SERIO EX-OFFICIO DIRECTOR 1.00 X 0 487088 120325 KUMBLE RAMARAO SUBBASWAMY EX-OFFICIO DIRECTOR 1.00 X 0 643710 520353 ARWEN S DUFFY PRESIDENT 8.00 X X 0 458419 54070 PATRICIA A PARCELLIN CHAIR 2.00 X X 0 0 0 SHAUN P FITZGERALD VICE CHAIR 2.00 X X 0 0 0 CHRISTINE G SAVAGE VICE CHAIR 2.00 X X 0 0 0 MATTHEW O LITTLEFIELD TREASURER 2.00 X X 0 0 0 THERESA CURRY INT. VICE CHANCELLOR FOR DVLPMT 40.00 X 258950 0 21960 MATTHEW CARLYON ASSISTANT VICE CHANCELLOR 40.00 X 256386 0 66660 CRYSTAL DAUGHERTY ASSISTANT VICE CHANCELLOR 40.00 X 241809 0 62870 DAVID BIANCAMANO SENIOR ASSOCIATE ATHLETIC 40.00 X 207024 0 53826 MARY-KNIGHT YOUNG ENGINEERING ASSISTANT DEAN 40.00 X 206673 0 53735 1170842 1929137 1029180 17 0 1 0 SHOCKINGLY DIFFERENT 4480-H SOUTH COBB DRIVE SMRYNA GA 30080 CONSULTING 143420 1 988121 988121 CONTRACT-UMASS AMHERST 541900 6620634 6620634 6620634 7608755 6620634 0 0 988121 988121 4529535 3960998 568537 440536 383682 56854 346217 304866 41351 336381 286643 49738 6716 6716 7000 7000 478714 54090 424624 2904 2904 181202 181202 27664 27664 BOARD MEETINGS 127081 127081 OPERATIONAL 69022 69022 TEMPORARY LABOR 53680 53680 EVENTS 13982 13982 7608755 6204152 1404603 0 334284 2325639 48809 110481 0 444765 2374448 444765 1038534 0 1335914 444765 2374448 X 0 0 444765 2374448 0 0 X X 0 1 X 1 0 X 988121 988121 988121 988121 988121 988121 6577455 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 DUE TO UNIVERSITY OF MASSACHUSETTS AMHERST 1335914 1335914 X 7608755 0 7608755 0 7608755 7608755 0 7608755 0 7608755 PART III, LINE 1A: COLLECTIONS: THE FOUNDATION RECEIVED A COLLECTION OF FINE ART FROM THE UNIVERSITY OF MASSACHUSETTS AMHERST DURING THE YEAR ENDED JUNE 30, 2009. ACQUISITIONS AND DEACCESSIONS OF COLLECTION ITEMS ARE GOVERNED BY THE COLLECTION POLICY OF THE UNIVERSITY OF MASSACHUSETTS AMHERST. COLLECTION ITEMS ARE ACQUIRED BY MEANS OF TRANSFERS FROM THE UNIVERSITY OF MASSACHUSETTS AMHERST, GIFTS, BEQUESTS, PURCHASES, EXCHANGES, OR OTHER TRANSACTIONS, BY WHICH TITLE PASSES TO THE FOUNDATION. CONSISTENT WITH THE UNIVERSITY'S CAPITALIZATION POLICY GUIDELINES, COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASES, DONATIONS, OR OTHER MEANS ARE NOT CAPITALIZED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCOME BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: 154 PHOTOGRAPHIC ARTWORKS FROM THE ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS WITH A COMBINED TOTAL VALUE OF $178,700. PART X, LINE 2: THE FOUNDATION IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO OUR EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. 0 UNIVERSITY OF MASSACHUSETTS AMHERST 134 HICKS WAY AMHERST MA 01003 SECTION 115 988121 0 TO SUPPORT UMASS AMHERST. 0 0 0 0 0 0 0 0 0 KUMBLE RAMARAO SUBBASWAMY EX-OFFICIO DIRECTOR 0 514101 0 0 0 129609 0 477708 0 42645 0 1164063 0 0 TRICIA R SERIO EX-OFFICIO DIRECTOR 0 479369 0 0 0 7719 0 90381 0 29944 0 607413 0 0 ARWEN S DUFFY PRESIDENT 0 403693 0 0 0 54726 0 13884 0 40186 0 512489 0 0 ANDREW P MANGELS EX-OFFICIO DIRECTOR 0 334653 0 0 0 5267 0 54900 0 20481 0 415301 0 0 MATTHEW CARLYON ASSISTANT VICE CHANCELLOR 256386 0 0 0 0 0 25639 0 41021 0 323046 0 0 0 CRYSTAL DAUGHERTY ASSISTANT VICE CHANCELLOR 241809 0 0 0 0 0 24181 0 38689 0 304679 0 0 0 THERESA CURRY INT. VICE CHANCELLOR FOR DVLPMT 84460 0 0 0 174490 0 8446 0 13514 0 280910 0 0 0 DAVID BIANCAMANO SENIOR ASSOCIATE ATHLETIC 207024 0 0 0 0 0 20702 0 33124 0 260850 0 0 0 MARY-KNIGHT YOUNG ENGINEERING ASSISTANT DEAN 206673 0 0 0 0 0 20667 0 33068 0 260408 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION, INC ADOPTED AMENDED AND RESTATED BYLAWS ON JUNE 15, 2023. ARTICLE III, SECTION 1 ESTABLISHES THE ORGANIZATION'S BOARD, HOW ITS SIZE CAN BE CHANGED AND ITS MEMBERS' QUALIFICATIONS DETERMINED. ARTICLE III, SECTION 7 OF THE AMENDED BYLAWS LAYS OUT A NON-EXCLUSIVE LIST OF BOARD DUTIES AND POWERS: (A) CHANGE THE LOCATION OF THE PRINCIPAL OFFICE OF THE CORPORATION; (B) ADOPT, AMEND OR REPEAL THESE BYLAWS; (C) CHANGE THE NUMBER OF DIRECTORS; (D) APPOINT, ELECT, SUSPEND OR REMOVE DIRECTORS OR OFFICERS; (E) AUTHORIZE A SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION; (F) AUTHORIZE A MERGER OF THE CORPORATION; OR (G) AUTHORIZE THE DISSOLUTION OF THE CORPORATION. ARTICLE III SECTION 8 CONFIRMS NO COMPENSATION FOR DIRECTOR SERVICE OTHER THAN REASONABLE EXPENSE. ARTICLE VI CREATES OFFICES OF THE PRESIDENT, TREASURER AND SECRETARY/CLERK ALONG WITH CHAIR AND VICE CHAIRS, SECTION 4 TO 6 PROVIDES PROCEDURES FOR OFFICER VACANCIES, RESIGNATIONS AND REMOVALS, INCLUDING REMOVAL OF THE PRESIDENT BY THE CHANCELLOR OF THE UNIVERSITY. THE OFFICERS OF THE CORPORATION SHALL BE A PRESIDENT, A CHAIR, A TREASURER, AND A SECRETARY AND CLERK (REFERRED TO HEREIN COLLECTIVELY AS THE "PRIMARY OFFICERS"), ONE OR MORE VICE CHAIR(S) AND SUCH OTHER OFFICERS, IF ANY, AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DETERMINE. THE CORPORATION MAY ALSO HAVE SUCH AGENTS, IF ANY, AS THE BOARD OF DIRECTORS MAY APPOINT FROM TIME TO TIME. THE BOARD OF DIRECTORS MAY REMOVE ANY OFFICER, WITH OR WITHOUT CAUSE, BY THE AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF THE TOTAL NUMBER OF DIRECTORS THEN IN OFFICE AT ANY REGULAR MEETING OR SPECIAL MEETING OF THE BOARD OF DIRECTORS; PROVIDED, HOWEVER, THAT AN OFFICER MAY BE REMOVED FOR CAUSE ONLY AFTER REASONABLE NOTICE AND OPPORTUNITY TO BE HEARD BY THE BOARD OF DIRECTORS PRIOR TO ACTION THEREON. EACH AGENT APPOINTED BY THE BOARD SHALL RETAIN HIS OR HER AUTHORITY AT THE PLEASURE OF THE BOARD OF DIRECTORS AND EACH AGENT SO APPOINTED MAY BE REMOVED, WITH OR WITHOUT CAUSE, AT ANY TIME BY THE BOARD OF DIRECTORS. ALL OTHER AGENTS MAY BE REMOVED, WITH OR WITHOUT CAUSE, AT ANY TIME BY THE PRESIDENT OR OTHER OFFICER OF THE CORPORATION. THE PRESIDENT SHALL ONLY BE RECOMMENDED BY THE CHANCELLOR OF THE UNIVERSITY AND SHALL BE ELECTED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE PROVISIONS OF THIS ARTICLE VI. THE PRESIDENT SHALL BE THE CHIEF EXECUTIVE AND PRESIDING OFFICER OF THE CORPORATION AND, SUBJECT TO THE SUPERVISION AND EVALUATION OF THE BOARD OF DIRECTORS OF THE CORPORATION, SHALL HAVE GENERAL SUPERVISION, MANAGEMENT, AND CONTROL OF THE ADMINISTRATION OF THE DAY-TO-DAY BUSINESS, ACTIVITIES, PROGRAMS AND AFFAIRS OF THE CORPORATION. UNLESS THE BOARD OF DIRECTORS SHALL OTHERWISE DETERMINE, THE PRESIDENT SHALL SERVE AS SPOKESPERSON FOR THE CORPORATION. THE PRESIDENT SHALL SERVE AS AN EX OFFICIO NON-VOTING DIRECTOR FOR THE DURATION OF THE PRESIDENT'S TERM OF OFFICE AND SHALL PERIODICALLY REPORT TO THE BOARD OF DIRECTORS, UPON REQUEST, AS TO THE POSITION OF THE CORPORATION AND THE DAY-TO-DAY OPERATION OF ITS AFFAIRS AND ACTIVITIES. THE PRESIDENT IS AN AT-WILL EMPLOYEE OF THE CORPORATION WHO SHALL BE AUTOMATICALLY REMOVED UPON THE RECOMMENDATION BY THE CHANCELLOR OF THE UNIVERSITY. THE BOARD OF DIRECTORS MAY RECOMMEND TO THE CHANCELLOR OF THE UNIVERSITY THE REMOVAL AND TERMINATION OF THE PRESIDENT. THE PRESIDENT SHALL ALSO BE AN EX OFFICIO NON-VOTING MEMBER OF ALL COMMITTEES. EACH OFFICER SHALL, SUBJECT TO THESE BYLAWS AND TO ANY APPLICABLE PROVISIONS OF LAW AND THE ARTICLES OF ORGANIZATION, HAVE, IN ADDITION TO THE DUTIES SPECIFICALLY SET FORTH IN THESE BYLAWS, SUCH DUTIES AND POWERS AS ARE CUSTOMARILY INCIDENT TO SUCH OFFICER'S OFFICE AND SUCH ADDITIONAL DUTIES AND POWERS AS THE PRESIDENT OR THE DIRECTORS MAY FROM TIME TO TIME DESIGNATE. PER ARTICLE XV, THESE BYLAWS MAY BE AMENDED OR REPEALED, IN WHOLE OR IN PART, (A) BY AN AFFIRMATIVE VOTE OF A MAJORITY OF THE TOTAL NUMBER OF DIRECTORS THEN IN OFFICE AT ANY MEETING, PROVIDED THAT THE NOTICE OF THE MEETING OF THE BOARD OF DIRECTORS AT WHICH SUCH ACTION IS TAKEN SHALL HAVE CONTAINED A GENERAL DESCRIPTION OF THE PROPOSED AMENDMENT, OR (B) BY THE DIRECTORS ACTING BY UNANIMOUS WRITTEN CONSENT. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION FOR FORM 990 IS PREPARED AND COMPILED BY THE FINANCE STAFF OF THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION (UMAF) AND PROVIDED TO THE FOUNDATION'S TAX ADVISORS. AFTER INPUTTING THE DATA INTO THEIR TAX SOFTWARE, AN INITIAL DRAFT OF THE FORM 990 IS PROVIDED TO THE FOUNDATION FOR REVIEW BY THE CONTROLLER AND THE ASSISTANT VICE PRESIDENT OF FINANCE & ADMINISTRATION. AFTER INCORPORATING ANY CHANGES AND COMPLETING THEIR REVIEW, THE FOUNDATION'S TAX ADVISORS PROVIDE A FINAL DRAFT FOR PRESENTATION TO THE UMAF AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 IS PROVIDED TO THE UMAF BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. THE FORM 990 IS THEN ELECTRONICALLY FILED WITH THE IRS BY THE FOUNDATION'S TAX ADVISORS. THE PUBLIC DISCLOSURE COPY IS MADE AVAILABLE PUBLICLY UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SUBMIT A SIGNED, COMPLETED CONFLICT OF INTEREST POLICY ELECTRONICALLY EVERY YEAR BY JULY 1ST. THE CONFLICT OF INTEREST POLICY IS REVIEWED, DISCUSSED, AND SIGNED OFF ON ANNUALLY. ANY POTENTIAL ISSUES OF CONFLICT ARE IDENTIFIED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THESE PROCESSES HAVE NOT CHANGED DURING THE TAX YEAR. UNIVERSITY OF MASSACHUSETTS AT AMHERST 134 HICKS WAY AMHERST MA 01003 HIGHER EDUCATION MA SECTION 115 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 UNIVERSITY OF MASSACHUSETTS AT AMHERST R 988121