2024-05-14T10:40:14-05:00 2023-06-30 923320348 EAG GULF COAST LLC 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2022-07-01 726020969 L S U FOUNDATION LSUF 2255783811 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 KATE SPIKES CFO 2255784165 2024-05-13 1 KATE SPIKES 999009999 1 BRANDON LAGARDE P01428217 2259224600 2024-05-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT M STUART JR 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 227928709 0 X WWW.LSUFOUNDATION.ORG X 1960 LA THE LSU FOUNDATION CULTIVATES AND INVESTS IN PHILANTHROPIC PARTNERSHIPS TO SUPPORT AND ADVANCE LSU'S ACADEMIC PRIORITIES. 31 31 125 0 0 0 119271238 60004263 0 0 52983397 45676453 1622171 1723960 173876806 107404676 27872280 30613221 0 0 9154543 10043113 0 0 7879400 11675854 14283603 48702677 54939937 125174129 52464739 825892605 881698914 143927882 145735760 681964723 735963154 X THE LSU FOUNDATION CULTIVATES AND INVESTS IN PHILANTHROPIC PARTNERSHIPS TO SUPPORT AND ADVANCE LSU'S ACADEMIC PRIORITIES. 0 0 19337473 10459101 ACADEMIC AND RESEARCH ACTIVITIES: OPERATIONAL SUPPORT EXPENSES TO SUPPLEMENT STATE FUNDING AND AID THE ACADEMIC COLLEGES OF THE UNIVERSITY AS WELL AS THE AGRICULTURAL CENTER IN ACCOMPLISHING LSU'S MISSION. 11037925 10784344 SCHOLARSHIPS AND FELLOWSHIPS - FINANCIAL SUPPORT TO UNDERGRADUATE AND GRADUATE STUDENTS THROUGH APPROXIMATELY 2,230 AVAILABLE SCHOLARSHIPS AND FELLOWSHIPS. 6316657 5469865 CHAIRS AND PROFESSORSHIPS: EXPENSES TO DIRECTLY SUPPORT THE SCHOLARLY ACTIVITIES OF OVER 910 SPECIFICALLY DESIGNATED CHAIRS AND PROFESSORSHIPS AVAILABLE TO LSU'S DISTINGUISHED FACULTY. 5250785 3899911 OTHER PROGRAM SERVICES INCLUDE: (1) SALARY SUPPORT FOR ACADEMIC PURPOSES, (2) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS LECTURE SERIES AND HOSTING VISITING SCHOLARS, (3) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (4) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (5) INSTITUTIONAL ADVANCEMENT, (6) CAPITAL OUTLAY INCLUDING THE ACQUISITION OF EQUIPMENT AND CONSTRUCTION OF FACILITIES FOR USE IN THE ACADEMIC RESEARCH ENDEAVORS OF THE UNIVERSITY. 5250785 3899911 41942840 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 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 236 0 1 125 1 1 1 1 CJ VI SW LU 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CO DC HI KY MD MA MI MN NH NJ NY OH OK OR PA SC UT WA WV WI AL CT FL GA IL KS ME MS MO NM NC ND RI TN VA X KATE SPIKES CFO 2255783811 3796 NICHOLSON DR BATON ROUGE LA 70802 THOMAS J ADAMEK DIRECTOR 1.00 X 0 0 0 T CASS GAIENNIE DIRECTOR 1.00 X 0 0 0 SUZETTE KENT DIRECTOR 1.50 X 0 0 0 SEAN REILLY DIRECTOR 1.00 X 0 0 0 SCOTT BRAKEBILL DIRECTOR 1.00 X 0 0 0 SARAH BORDERS DIRECTOR 1.00 X 0 0 0 ROGER OGDEN DIRECTOR 1.00 X 0 0 0 ROGER JENKINS CHAIRPERSON 3.00 1.05 X X 0 0 0 ROBERT REEVES DIRECTOR 1.00 X 0 0 0 RHOMAN HARDY DIRECTOR 1.00 X 0 0 0 MIKE WAMPOLD DIRECTOR 1.00 1.00 X 0 0 0 MARK SUTTON DIRECTOR 1.00 X 0 0 0 MARK ANDERSON DIRECTOR 1.00 X 0 0 0 LORI GARRISON CORPORATE SECRETARY 1.50 0.05 X X 0 0 0 LAURA DAUZAT DIRECTOR 1.00 0.05 X 0 0 0 JYRIC SIMS DIRECTOR 1.00 0.05 X 0 0 0 JOHN ENGQUIST DIRECTOR 1.00 X 0 0 0 JEFFREY SPRINGMEYER DIRECTOR 1.00 X 0 0 0 FRANK W BILLY HARRISON III IMMEDIATE PAST CHAIR 1.50 0.05 X X 0 0 0 ELIZABETH RONN TREASURER 1.50 0.05 X X 0 0 0 DR MARY T NEAL DIRECTOR 1.50 X 0 0 0 DR GEORGE E ROBINSON III DIRECTOR 1.50 X 0 0 0 DEBORAH GRANT DIRECTOR 1.50 X 0 0 0 MARTY PHILLIPS DIRECTOR 1.00 X 0 0 0 CLARENCE CAZALOT DIRECTOR 1.00 0.05 X X 0 0 0 CHRISTEL SLAUGHTER DIRECTOR 1.00 X 0 0 0 CHARLES LANDRY DIRECTOR 1.00 3.00 X 0 0 0 BRADIE JAMES DIRECTOR 1.00 X 0 0 0 BEAU FOURNET CHAIR-ELECT 1.50 0.05 X X 0 0 0 ANTONIO LUCIO DIRECTOR 1.00 X 0 0 0 ANIL PUNYAPU DIRECTOR 1.00 X 0 0 0 ROBERT M STUART JR PRESIDENT & CEO 40.00 1.05 X 393865 0 19425 LEU ANNE GRECO VP & GENERAL COUNSEL 40.00 1.05 X 187769 0 17236 KATE SPIKES CHIEF FINANCIAL OFFICER 40.00 1.05 X 229489 0 31469 SONJA YVETTE MARSH ASSISTANT VP OF TALENT MAN 40.00 X 176063 0 11587 KRISTA ALLEN RANEY SENIOR VP OF DEVELOPMENT 40.00 X 262842 0 31706 SARA WHITTAKER AVP - COMMUNICATIONS & MAR 40.00 X 153972 0 27173 PAIGE CARTER EXEC DIR - INDUSTRY ENGAGE 40.00 X 158957 0 16808 LINDSEY ROMANOWSKY SENIOR DIRECTOR OF DEVELOP 40.00 X 138387 0 20873 KELIN QUEEN CRM CONVERSION DIR 40.00 X 144000 0 9255 GREG BYRD CONTROLLER 40.00 X 124604 0 13007 1969948 0 198539 15 0 1 0 ZURI GROUP LLC 328 NW BOND STREET STE 200 BEND OR 97703 CRM IMPLEMENTATION CONSULTANTS 1280454 BLACKBAUD INC PO BOX 844827 BOSTON MA 022844827 SUBSCRIPTION SERVICES - CRM SYSTEM 404923 EMERSON PROCESS MANAGEMENT LLP 1100 W LOUIS HENNA BLVD ROUND ROCK TX 78681 EQUIP. INSTALL. SERVICES 297194 DRAKES CATERING PO BOX 86730 BATON ROUGE LA 70879 CATERING SERVICES 218475 ADAMS & REESE DEPT 5208 PO BOX 2153 BIRMINGHAM AL 352875208 LEGISLATIVE ACTIVITIES CONSULTANT 215000 16 565727 59438536 2364798 60004263 2656281 2656281 88335 88335 163074774 120054602 43020172 43020172 43020172 579524 565727 469431 110093 110093 FUND MANAGEMENT FEES 541900 1525532 1525532 1525532 107404676 1525532 0 45874881 30613221 30613221 1446825 898792 548033 6707655 2287697 4419958 428732 173861 254871 795987 250161 545826 663914 218562 445352 232 232 87450 87450 189689 189689 2626250 2081313 139390 405547 105103 105103 2235510 1587579 154108 493823 187510 187510 552035 229552 186634 135849 1254363 1229401 6114 18848 57610 57610 1851071 1794258 56813 47294 47294 291981 61125 230856 DEVELOPMENT/PROMOTION 3578981 3098703 480278 OTHER EXPENSES 805299 805299 DUES AND SUBSCRIPTIONS 413225 232382 49828 131015 54939937 41942840 5117697 7879400 75219192 122443443 66649126 65198888 880994 998434 87908 115487 44146 9525108 2437128 5814391 7087980 280767702 282498773 377436222 384596199 19009491 18743143 825892605 881698914 3851571 5140341 1991604 1124575 138084707 139470844 143927882 145735760 X 36798156 36913269 645166567 699049885 681964723 735963154 825892605 881698914 52464739 1533692 0 X X 0 1 X 1 0 X 39806678 42103812 61770825 119271238 60004263 322956816 39806678 42103812 61770825 119271238 60004263 322956816 23547933 299408883 12689807 1197012 1221413 3109403 2744616 20962251 343919067 6942726 0.87060 0.88250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 357078 357078 54582858 54939936 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 247083 320000 331661 357078 1255822 250000 250000 250000 250000 1000000 1500000 4218976 X X X X X COMMUNITY EDUCATION PROGRAM 0 452349101 5876178 26527084 484752363 486329106 11503741 -45483746 452349101 371645245 15237493 100046912 600544 486329106 385838935 8993920 -14352229 8835381 371645245 367203077 12452105 9132081 2948328 385838935 0.00120 0.63990 0.35890 0 0 463866 463866 4842265 2437128 2405137 4218977 4218977 7087980 COMMINGLED FUNDS 127828215 F PRIVATE EQUITY 105008427 F HEDGE FUNDS 118781899 F ROYALTY INTERESTS 154084 F SEPARATELY MANAGED ACCOUNTS 32823574 F 384596199 FUNDS MANAGED FOR OTHER ENTITIES 138768071 COMPENSATED ABSENCES PAYABLE 556623 RELATED PARTY PAYABLES 85118 LEASE LIABILITY 61032 139470844 X PART III, LINE 4: THE MAIN COLLECTIONS OWNED BY THE LSU FOUNDATION CONSIST OF ARTWORK AND HISTORICAL ITEMS ON DISPLAY AND IN THE CUSTODY OF LSU'S MUSEUM OF ART, A COMPONENT UNIT WHICH FURTHERS THE PUBLIC SERVICE MISSION OF THE UNIVERSITY. THE MUSEUM OF ART'S DIVERSE PERMANENT COLLECTION INCLUDES SIGNIFICANT PORTRAITURE AND DECORATIVE ARTS, NEWCOMB POTTERY, AND CHINESE JADE FROM THE CHI QING DYNASTY. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS PROVIDE FINANCIAL SUPPORT IN FURTHERANCE OF THE ACADEMIC AND RESEARCH COMPONENTS OF THE UNIVERSITY'S MISSION, INCLUDING SCHOLARSHIPS, GRADUATE ASSISTANTSHIPS AND FELLOWSHIPS, AND FACULTY CHAIRS AND DISTINGUISHED PROFESSORSHIPS. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE ACCOUNTING GUIDANCE INCLUDED IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS AT JUNE 30, 2023. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 138271882 EUROPE INVESTMENTS 3337993 0 0 0 0 0 0 141609875 0 141609875 0 0 0 0 0 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART I, LINE 3 LSU FOUNDATION RECEIVES DONATIONS FROM DONORS WHO RESIDE IN FOREIGN COUNTRIES. THERE ARE NO EXPENSES ASSOCIATED WITH THESE DONATIONS. THE FOLLOWING IS A LIST OF THE REGIONS AND THE AMOUNTS RECEIVED FROM EACH REGION: 1) AUSTRALIA - $1,776 2) EUROPE - $87,867 3) MIDDLE EAST - $5 4) NORTH AMERICA (EXCLUDING UNITED STATES) - $56,000 5) SOUTH AMERICA - $25,775 X X X X X X 0 AL CT FL GA IL KS MS MO NM NC ND PA RI TN VA AK AR CA CO DC HI KY LA ME MD MA MI MN NH NY NJ OH OK OR SC UT WA WV WI DUCK HUNT 257600 232600 25000 15300 5000 5000 5000 ULSF GOLDEN GALA 200947 4274 196673 3075 56875 10000 121087 11 686704 328853 357851 4616 37023 112003 10594 83858 1145251 565727 579524 19916 45098 173878 25594 204945 469431 110093 1 LOUISIANA STATE UNIVERSITY 204 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 501(C)(3) 30613221 0 UNIVERSITY ACADEMIC AND RESEARCH SUPPORT, INCLUDING SCHOLARSHIPS, GRADUATE FELLOWSHIPS AND FACULTY CHAIRS AND PROFESSORSHIPS. 1 0 PART I, LINE 2: THE LSU FOUNDATION PROVIDES GRANTS OR ASSISTANCE, IN ACCORDANCE WITH ITS STATED MISSION, TO LOUISIANA STATE UNIVERSITY AND THE LSU AGRICULTURAL CENTER IN THE FORM OF REIMBURSEMENTS OF EXPENSES MADE IN SUPPORT OF THE BENEFICIARY PURPOSES FOR WHICH PRIVATE FUNDS WERE CONTRIBUTED TO THE FOUNDATION. THE UNIVERSITY IS PROVIDED WITH THE BALANCE OF FUNDS AVAILABLE IN FOUNDATION ACCOUNTS FOR SPECIFIC RESTRICTED PURPOSES. ON A MONTHLY BASIS, THE UNIVERSITY PROVIDES THE FOUNDATION WITH A REPORT OF THE EXPENSES MADE IN SUPPORT OF THOSE SPECIFIC PURPOSES TO BENEFIT THE UNIVERSITY; ON PRESENTATION OF THIS REPORT, THE FOUNDATION REIMBURSES THOSE EXPENSES AS A GRANT OF ASSISTANCE TO THE UNIVERSITY. THE UNIVERSITY MAKES AVAILABLE TO THE FOUNDATION ALL DOCUMENTATION IN SUPPORT OF INDIVIDUAL ITEMS OF EXPENSE, AND THIS DOCUMENTATION IS ALSO MADE AVAILABLE TO THE FOUNDATION'S EXTERNAL AUDITORS. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 ROBERT M STUART JR PRESIDENT & CEO 366465 0 25000 0 2400 0 18300 0 1125 0 413290 0 0 0 KRISTA ALLEN RANEY SENIOR VP OF DEVELOPMENT 229667 0 0 0 33175 0 14625 0 17081 0 294548 0 0 0 KATE SPIKES CHIEF FINANCIAL OFFICER 228289 0 0 0 1200 0 14287 0 17182 0 260958 0 0 0 LEU ANNE GRECO VP & GENERAL COUNSEL 186569 0 0 0 1200 0 11759 0 5477 0 205005 0 0 0 SONJA YVETTE MARSH ASSISTANT VP OF TALENT MAN 174863 0 0 0 1200 0 10564 0 1023 0 187650 0 0 0 SARA WHITTAKER AVP - COMMUNICATIONS & MAR 152772 0 0 0 1200 0 10092 0 17081 0 181145 0 0 0 PAIGE CARTER EXEC DIR - INDUSTRY ENGAGE 157257 0 500 0 1200 0 9755 0 7053 0 175765 0 0 0 LINDSEY ROMANOWSKY SENIOR DIRECTOR OF DEVELOP 138387 0 0 0 0 0 8612 0 12261 0 159260 0 0 0 KELIN QUEEN CRM CONVERSION DIR 142800 0 0 0 1200 0 8640 0 615 0 153255 0 0 0 GREG BYRD CONTROLLER 123404 0 0 0 1200 0 7636 0 5371 0 137611 0 0 0 PART I, LINE 1A SELECTED EXECUTIVE-LEVEL EMPLOYEES OCCASIONALLY TRAVELED ON CHARTERED FLIGHTS TO PARTICIPATE IN STRATEGIC VISITS WITH DONORS AND LEADING PEER INSTITUTIONS FOR THE PURPOSE OF ADVANCING LSU'S ACADEMIC PRIORITIES, ESPECIALLY AS RELATED TO SECURING TRANSFORMATIVE PHILANTHROPIC DOLLARS FOR THESE PRIORITIES. OCCASIONALLY, THE UNIVERSITY PRESIDENT'S SPOUSE TRAVELED WITH THE PRESIDENT VIA COMMERCIAL AIRLINES TO ATTEND SELECTED LSU SPORTING EVENTS. X 1819 X 70 2302032 MARKET VALUE X 2 12547 X OTHER - TRAVEL 3 45000 MARKET VALUE X OTHER - EVENT TICKETS 2 3400 MARKET VALUE 0 1 1 PART I, LINE 32B: LSU FOUNDATION HIRES THE FOLLOWING TO SELL NON-CASH CONTRIBUTIONS: 1) REAL ESTATE AGENTS - SELL DONATED REAL ESTATE, WHEN APPLICABLE 2) STOCK BROKERS - SELL DONATED STOCK THROUGH BROKERAGE ACCOUNTS FORM 990 PART V QUESTION 4B LSU FOUNDATION DOES NOT OWN 50% OR MORE OF THE PROFITS OR CAPITAL OF THE FOREIGN PARTNERSHIPS IN WHICH IT IS INVESTED; ALSO, LSU FOUNDATION DOES NOT HAVE SIGNATURE AUTHORITY OVER THE FOREIGN FUNDS; THEREFORE, THE FOUNDATION IS NOT REQUIRED TO FILE FORM TD F 90-22.1 FOR THE FISCAL YEAR ENDED JUNE 30, 2023. FORM 990, PART VI, SECTION A, LINE 6 THE LSU FOUNDATION HAS MEMBERS. THESE MEMBERS DO NOT RECEIVE BENEFITS OF ANY KIND. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE BOARD OF DIRECTORS OF THE LSU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE CFO PROVIDED THE FORM 990 TO THE AUDIT COMMITTEE FOR DETAILED REVIEW AND FEEDBACK. ONCE UPDATED FOR ANY FEEDBACK, THE CFO PROVIDED A COPY OF THE FORM 990 TO THE ENTIRE BOARD OF DIRECTORS AND SOUGHT COMMENT AND FEEDBACK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS COMPLETE A DISCLOSURE STATEMENT QUESTIONNAIRE ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO PROVIDE INFORMATION ON ENTITIES IN WHICH THEY ARE BOARD MEMBERS, PARTNERS, OFFICERS, AND PRINCIPAL OWNERS, AND TO INDICATE WHETHER THEY, ANY IMMEDIATE FAMILY MEMBER, OR COMPANY WITH WHICH THEY OR AN IMMEDIATE FAMILY MEMBER ARE AFFILIATED, HAVE OR IS SEEKING CONTRACTUAL RELATIONS WITH THE LSU FOUNDATION OR LSU. ADDITIONALLY, THE BOARD PERIODICALLY PERFORMS A DETAILED REVIEW OF THE CONFLICTS OF INTEREST POLICY, AS WELL AS THE POLICY IS REVIEWED BY NEW MEMBERS UPON JOINING THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION GATHERED EXTERNAL, INDEPENDENT SALARY SURVEYS OF EXECUTIVE COMPENSATION FROM RELEVANT PEER GROUPS. THE FOUNDATION'S TALENT MANAGEMENT COMMITTEE REVIEWED AND DISCUSSED THE SURVEYS DURING EXECUTIVE SESSION IN CONJUNCTION WITH AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS. THE TALENT MANAGEMENT COMMITTEE MINUTES REFLECT THE PROCESS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE FILED WITH THE LOUISIANA SECRETARY OF STATE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PREVIOUS FORM 990. LSU PROPERTY FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 721295979 FOSTER SUPPORT VIA GIFTS OF REAL ESTATE & EQUIP. FOR LSU & AG CENTER LA 501(C)(3) LINE 5 N/A 0 LSU REAL ESTATE AND FACILITIES FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 812900408 FOSTER & SUPPORT VIA GIFTS OF REAL ESTATE & EQUIPMENT FOR ALL LSU CAMPUSES LA 509(A)(3) LINE 12 N/A 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LSU PROPERTY FOUNDATION B 61308 CASH LSU PROPERTY FOUNDATION D 2729086 LOAN AMOUNT LSU REAL ESTATE AND FACILITIES FOUNDATION C 166276 CASH LSU PROPERTY FOUNDATION C 2066079 CASH LSU REAL ESTATE AND FACILITIES FOUNDATION B 1938761 CASH LSU REAL ESTATE AND FACILITIES FOUNDATION D 10778715 LOAN AMOUNT