2024-02-15T09:16:05-06:00 2023-06-30 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2022-07-01 066070722 The University of Connecticut Foundation Inc % DAVID CARNEY UNIV 8604865000 2390 ALUMNI DRIVE UNIT 3206 STORRS CT 062693206 DAVID CARNEY CFO 8604865000 2024-02-12 true DAVID CARNEY 999009999 ERICA R MCREYNOLDS P00977806 6175305000 2024-02-12 3 2022 2023-04-26 12:10:37Z JACOB LEMON 2390 ALUMNI DRIVE UNIT 3206 STORRS CT 062693206 134761881 false X www.foundation.uconn.edu X 1964 CT SEE SCHEDULE O 31 31 221 234 -90378 0 57328562 99205210 12500126 10366992 81072841 24960372 -75279 26701 150826250 134559275 35443260 46617134 0 0 17952196 21292083 807271 1079270 21875386 17979952 16248542 72182679 85237029 78643571 49322246 744628423 791405326 36854315 39453139 707774108 751952187 X SEE SCHEDULE O false false 20064320 20064320 0 SCHOLARSHIPS, AWARDS AND FELLOWSHIPS - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF FINANCIAL AID FOR UNIVERSITY OF CONNECTICUT STUDENTS. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY, FEDERAL AND STATE FINANCIAL AID REQUIREMENTS, THE UNIVERSITY SELECTS THE STUDENT RECIPIENTS AND MAKES THE AWARDS DIRECTLY TO STUDENTS. AFTER RECEIVING APPROPRIATE DOCUMENTATION FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FINANCIAL AID EXPENDITURES. THE EXPENDITURES ARE FUNDED FROM INVESTMENT INCOME EARNED ON ENDOWMENT FUNDS AND GIFTS RESTRICTED FOR FINANCIAL AID. 11041198 11041198 0 PROGRAM SERVICES - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF PROGRAMS AT THE UNIVERSITY OF CONNECTICUT. GENERALLY, THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. 11371233 11371233 0 ENDOWED CHAIRS AND PROFESSORSHIPS - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVED GIFTS ON BEHALF OF DONORS RESTRICTED TO SUPPORT OF UNIVERSITY OF CONNECTICUT FACULTY COMPENSATION AND RESEARCH. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY AND STATE PERSONNEL POLICIES AND FOR W-2 REPORTING PURPOSES, THE UNIVERSITY PAYS ALL FACULTY DIRECTLY FOR COMPENSATION RELATED ITEMS. AFTER RECEIVING APPROPRIATE DOCUMENTS FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FACULTY COMPENSATION EXPENDITURES. FOR NON-COMPENSATION EXPENDITURES IN SUPPORT OF FACULTY (E.G. RESEARCH MATERIALS AND EQUIPMENT), GENERALLY THE EXPENDITURES IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY, THE FOUNDATION WILL PAY VENDOR DIRECTLY. 4140383 4140383 10366992 46617134 true true false true false false false false true true true true false true true false true false false false true false false true true false false true false true false false false false false false false false true false false false false true true true false false true 104 0 true 221 true true true true BD CJ false false false true true false false false false false false X 31 31 false false false false false false false true true false false true true true true true true true true false CA KY MD MA MI MN NH NJ OR SC UT WV WI X X DAVID CARNEY 8604865000 2390 ALUMNI DRIVE UNIT 3206 STORRS CT 062693206 JACOB LEMON PRESIDENT AND CEO (UNTIL 3/23) 40.0 0.0 X X 489300 0 55465 DAVID CARNEY SVP FINANCE AND CFO 40.0 0.0 X 363651 0 55660 MO COTTON KELLY SVP STOCKHOLDER ENGAGEMENT 40.0 0.0 X 287614 0 57340 SUZANNE O'CONOR GENERAL COUNSEL 40.0 0.0 X 274288 0 26947 FRANK GIFFORD AVP DONOR RELATIONS 40.0 0.0 X 213913 0 47581 MICHAEL OBLINGER SR. ASSOC. ATHLETICS DIRECTOR 40.0 0.0 X 198215 0 46507 JENNIFER SARGENT VP FOR ADVANCEMENT SERVICES 40.0 0.0 X 219179 0 21738 MELISSA MAYNARD AVP FINANCE AND CONTROLLER 40.0 0.0 X 191395 0 43384 GREG KNOTT AVP ADVANCEMENT SERVICES 40.0 0.0 X 186862 0 17063 LAURA PADRON SVP ADVANCEMENT SERVICES 40.0 0.0 X 90416 0 14244 JONATHAN L GREENBLATT SEE SCHEDULE O FOR TITLE 40.0 0.0 X X 0 0 0 CRAIG ASHMORE DIRECTOR, CHAIR (AS OF 10/22) 1.0 0.0 X X 0 0 0 MARK A BEAUDOIN DIRECTOR 1.0 0.0 X 0 0 0 ALAN R BENNETT DIRECTOR 1.0 0.0 X 0 0 0 LORI BIANCAMANO DIRECTOR (AS OF 10/22) 1.0 0.0 X 0 0 0 NOHA H CARRINGTON DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM B CLEMENS III DIRECTOR 1.0 0.0 X 0 0 0 SUE A COLLINS DIRECTOR 1.0 0.0 X 0 0 0 ANGELO DEFAZIO DIRECTOR 1.0 0.0 X 0 0 0 CRAIG A DOUGLAS DIRECTOR 1.0 0.0 X 0 0 0 RICHARD ELDH DIRECTOR 1.0 0.0 X 0 0 0 AMY J ERRETT DIR, TREASURER (AS OF 10/22) 1.0 0.0 X X 0 0 0 JOHN FODOR SECRETARY 1.0 0.0 X X 0 0 0 DAVID H FORD DIRECTOR 1.0 0.0 X 0 0 0 CAROLINA GIRALDO DIRECTOR 1.0 0.0 X 0 0 0 STEVEN M GREENSPAN DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL G KOPPEL TREASURER (UNTIL 10/22), DIR 1.0 0.0 X X 0 0 0 BENJAMIN W MICHELSON DIRECTOR 1.0 0.0 X 0 0 0 SURESH NAIR DIRECTOR (AS OF 10/22) 1.0 0.0 X 0 0 0 JOSEPH E PARSONS DIRECTOR 1.0 0.0 X 0 0 0 BARBARA POREMBA DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM J QUINLAN III DIRECTOR 1.0 0.0 X 0 0 0 LORI RIISKA DIRECTOR 1.0 0.0 X 0 0 0 ANTHONY RIZZA DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL K ROSEN DIRECTOR 1.0 0.0 X 0 0 0 LINDSAY SCHINE DIRECTOR 1.0 0.0 X 0 0 0 PAULA SINGER DIRECTOR 1.0 0.0 X 0 0 0 CURTIS TEARTE DIRECTOR 1.0 0.0 X 0 0 0 MARK VERGNANO DIRECTOR (AS OF 10/22) 1.0 0.0 X 0 0 0 KATHLEEN WALSH DIRECTOR (AS OF 10/22) 1.0 0.0 X 0 0 0 JAMES F WHALEN JR DIRECTOR 1.0 0.0 X 0 0 0 GEORGE AYLWARD DIRECTOR (UNTIL 10/22) 1.0 0.0 X 0 0 0 ANTHONY BLAND DIRECTOR (UNTIL 10/22) 1.0 0.0 X 0 0 0 MELINDA BROWN CHAIR (UNTIL 10/22) 1.0 0.0 X X 0 0 0 2514833 0 385929 42 false true false BLACKROCK FINANCIAL MANAGEMENT INC 40 EAST 52ND STREET NEW YORK NY 10022 ADVISORY SERVICES 1000000 APOLLOJETS LLC 9 E 37TH STREET NEW YORK NY 10016 PRIVATE CHARTER 900218 STEPSTONE GROUP LP 4275 EXECUTIVE SQUARE STE 5000 LAJOLLA CA 92037 CONSULTING SERVICES 475000 SIMPSON SCARBOROUGH LLC 2000 DUKE STREET SUITE 300 ALEXANDRIA VA 22314 CONSULTING SERVICES 437118 RUFFALO CODY HLDGSRUFFALO NOEL LEV 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 PHONE SOLICITATIONS 353549 17 161363 99043847 2594323 99205210 UNIVERSITY FEE FOR SERVICES 900099 10000000 10000000 UNIV ENDOW ADMIN FEE 900099 366992 366992 10366992 12322139 -90378 12412517 0 0 0 0 0 12638233 12638233 12638233 12638233 229307 161363 202606 26701 26701 0 0 0 0 0 0 0 134559275 10366992 -90378 25077451 46617134 46617134 0 0 0 1380305 532412 847893 0 15147212 4043083 11104129 1261028 332968 928060 2318165 684773 1633392 1185373 312992 872381 0 260926 199814 61112 283402 283402 40000 40000 1079270 1079270 8169515 8169515 292447 153681 138766 57712 491 57221 1048637 121037 927600 1620818 901605 719213 0 235804 45181 190623 751447 58167 693280 0 119908 20910 98998 320797 312213 8584 0 329568 87021 242547 194156 189266 4890 SPECIAL EVENTS 1682677 97939 1584738 DONOR CULTIVATION 456474 5047 451427 EQUIPMENT MAINTENANCE 127405 40746 86659 SERVICES 80265 80081 184 176584 72165 104419 85237029 46617134 16744509 21875386 28166291 36065436 495 0 38841605 85093631 239938 217635 0 0 0 0 0 0 7840 7840 485819 607048 9754750 7230882 2794561 2523868 238685149 205545470 137890255 152972452 0 0 0 0 297516470 308371946 744628423 791405326 13353142 18425265 0 0 0 0 2500000 0 19392363 20781847 0 0 0 0 1608810 0 0 246027 36854315 39453139 X 15805034 12339283 691969074 739612904 707774108 751952187 744628423 791405326 X 49322246 -4132579 -1011588 X false true X true false X 43206338 39475294 59430619 57328562 99205210 298646023 0 0 43206338 39475294 59430619 57328562 99205210 298646023 52434880 246211143 7600562 9157949 9740594 9955348 12322139 48776592 967968 0 0 0 0 967968 0 114612 38481 70150 229307 452550 348843133 0.70579 0.77888 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40000 40000 85197029 85237029 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 591 30000 60000 40000 130591 250000 250000 250000 250000 1000000 1500000 591 30000 60000 40000 130591 false true X 577688205 19723313 8172625 21891014 10292956 573400173 610362228 23332265 -26304296 20083657 9618335 577688205 471805452 27389147 132634572 13442230 8024713 610362228 458742653 13928680 22234092 14879947 8220026 471805452 446492267 18315088 17201432 15398102 7868032 458742653 0.00360 0.97100 0.02540 false false 5897827 3463695 2434132 661855 610253 51602 3195068 3156934 38134 2523868 SECURITIES NOT PUBLICLY TRADED 205545470 F 205545470 CAPITAL LEASES 248843 FUNDS HELD IN TRUST BY OTHERS 11095791 ENDOWMENT HELD FOR UNIVERSITY 18808177 CSV OF LIFE INSURANCE POLICIES 469653 LIMITED PARTNERSHIP INVESTMENT 277749482 308371946 0 LEASE LIABLITY 246027 246027 120908682 -4132579 -9720620 -13853199 134761881 -202606 -202606 134559275 76730603 202606 202606 76527997 8709032 8709032 85237029 Part IV, Line 2b - Explanation of Escrow Account Liability THE FOUNDATION IS NAMED AS THE TRUSTEE AND REMAINDER BENEFICIARY OF SEVERAL CHARITABLE REMAINDER TRUSTS. IN ADDITION, THE FOUNDATION HAS ENTERED INTO CONTRACTS WITH THE DONORS FOR CHARITABLE GIFT ANNUITIES FOR WHICH THE FOUNDATION HAS ACCEPTED CONTRIBUTIONS. THE PRESENT VALUE OF THE LIABILITY FOR THE FUTURE PAYMENTS IS REFLECTED ON THE FOUNDATION'S BALANCE SHEET. THE FOUNDATION HAS A CONTRACTUAL ARRANGEMENT TO ACT AS THE UNIVERSITY'S AGENT IN MANAGING THE UNIVERSITY'S ENDOWMENT ASSETS, ENSURING CONSISTENT MANAGEMENT OF ENDOWMENT ASSETS THAT SUPPORT THE UNIVERSITY REGARDLESS OF ENTITY OWNERSHIP. Part V, Line 4 - Intended Uses of Endowment Fund THE FOUNDATION'S ENDOWMENT FUNDS PROVIDE GRANTS TO THE UNIVERSITY OF CONNECTICUT. THE GRANTS MAY BE USED TO PROVIDE SCHOLARSHIPS TO UNIVERSITY OF CONNECTICUT STUDENTS, COMPENSATION AND RESEARCH SUPPORT FOR UNIVERSITY OF CONNECTICUT ACADEMIC AND ATHLETIC PROGRAMS. THE USE OF ALL ENDOWMENT FUNDS IS SUBJECT TO ANY RESTRICTION PLACED ON FUNDS BY DONORS. ALL DISBURSEMENTS ARE SUBJECT TO THE FOUNDATION'S POLICY ON DISBURSEMENTS, INCLUDING THE AMOUNT OF THE EXPENDITURE MUST BE REASONABLE, FOR A LEGITIMATE BUSINESS PURPOSE, AND WITH NO PRIVATE BENEFIT. PART XI, LINE 2D OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 BAD DEBT EXPENSE - ($1,011,588) INVESTMENT FEES - ($8,709,032) TOTAL - ($9,720,620) PART XI, LINE 4B OTHER REVENUE INCLUDED ON FORM 990 BUT NOT INCLUDED IN F/S FUNDRAISING EVENTS MOVED TO REVENUE - ($202,606) PART XII, LINE 2D OTHER EXPENSE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 FUNDRAISING EVENTS MOVED TO REVENUE - $202,606 PART XII, LINE 4B OTHER EXPENSE INCLUDED ON FORM 990 BUT NOT INCLUDED IN F/S INVESTMENT FEES - $8,709,032 Central America and the Caribbean 0 0 Investments 137162703 Europe (Including Iceland and Greenland) 0 0 Investments 29921089 East Asia and the Pacific 0 0 Fundraising 366804 Europe (Including Iceland and Greenland) 0 0 Fundraising 10305 Middle East and North Africa 0 0 Fundraising 400 North America 0 0 Fundraising 45940 South Asia 0 0 Fundraising 26567 South America 0 0 Fundraising 20 0 0 0 0 167533828 167533828 true false true true true false PART I, LINE 3F - METHOD OF ACCOUNTING FOREIGN EXPENDITURES ARE SEPARATELY IDENTIFIED ON THE ORGANIZATION'S BOOKS AND RECORDS. X X X X X X true RUFFALO NOEL LEVITZ TEL/MAIL/ TEXT SOLIC. false 170024 447894 -277870 SIMSPON SCARBOROUGH CAMPAIGN CONSL SVCS false 0 539783 -539783 BENTZ WHALEY FLESSNER CAMP PLAN & COUNSEL false 0 1926 -1926 TAYMAR SALES U LLC ATHLETIC FUNDRAISING false 1377988 89667 1288321 1548012 1079270 468742 All States JOE GIANNELLI G 197453 71372 126081 37220 76739 28715 MEN'S SOCCER GO 63130 31472 31658 17506 30943 2 130087 58519 71568 7251 3321 911 390670 161363 229307 37220 101496 3321 60569 202606 26701 SCHEDULE G - ADDITIONAL INFORMATION AS REQUIRED, THE FOUNDATION IS REPORTING ALL EVENTS THAT HAD INCOME OR EXPENSES DURING THE FISCAL YEAR. IT IS POSSIBLE THAT SOME EVENTS MAY HAVE TAKEN PLACE IN THE PRIOR FISCAL YEAR, OR WILL BE HELD IN FUTURE YEAR. AS A RESULT, REVENUE OR EXPENSE AMOUNTS REPORTED FOR THE EVENT MAY NOT BE FINAL, OR PORTIONS MAY HAVE BEEN REPORTED IN THE PRIOR YEAR. true UNIVERSITY OF CONNECTICUT 352 MANSFIELD ROAD UNITE 2048 STORRS CT 06269 060772160 STATE OF CT 46617134 UNIVERSITY SUPPORT 1 PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. FUND ADMINISTRATION STAFF RECEIVES APPROPRIATE DOCUMENTATION PRIOR TO MAKING DISBURSEMENTS TO ENSURE COMPLIANCE WITH GRANT RESTRICTIONS, AND TO ENSURE SUCH DISBURSEMENTS ARE REASONABLE. X X X false false false false false false false true true MO COTTON KELLY SVP STOCKHOLDER ENGAGEMENT 267614 0 20000 0 0 0 23328 0 34012 0 344954 0 0 0 DAVID CARNEY SVP FINANCE AND CFO 333651 0 30000 0 0 0 24400 0 31260 0 419311 0 0 0 JACOB LEMON PRESIDENT AND CEO (UNTIL 3/23) 393050 0 96250 0 0 0 24400 0 31065 0 544765 0 0 0 MELISSA MAYNARD AVP FINANCE AND CONTROLLER 165665 0 10700 0 15030 0 13601 0 29783 0 234779 0 0 0 GREG KNOTT AVP ADVANCEMENT SERVICES 176362 0 10500 0 0 0 15039 0 2024 0 203925 0 0 0 MICHAEL OBLINGER SR. ASSOC. ATHLETICS DIRECTOR 187715 0 10500 0 0 0 16182 0 30325 0 244722 0 0 0 JENNIFER SARGENT VP FOR ADVANCEMENT SERVICES 199179 0 20000 0 0 0 17768 0 3970 0 240917 0 0 0 FRANK GIFFORD AVP DONOR RELATIONS 194803 0 11595 0 7515 0 16687 0 30894 0 261494 0 0 0 SUZANNE O'CONOR GENERAL COUNSEL 244288 0 30000 0 0 0 22158 0 4789 0 301235 0 0 0 PART I, LINE 7 - NON-FIXED PAYMENTS THE FOUNDATION MAY GIVE PERFORMANCE BASED AWARDS BASED ON FORMAL REVIEW AND WITH APPROVAL OF FOUNDATION MANAGEMENT AND BOARD. PART I, LINE 8 THE CURRENT PRESIDENT & CEO (UNTIL 3/23) AND THE CFO ARE SERVING UNDER THEIR INITIAL CONTRACT. X 275 2594323 MARKET VALUE false true false SCHEDULE M - ADDITIONAL INFORMATION PART I COLUMN (B) IS BASED ON THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 AND PART III, LINE 1 ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, ALL FOR THE PUBLIC WELFARE, AND TO THIS END TO PROMOTE, ENCOURAGE AND ASSIST ALL FORMS OF EDUCATION, HEALTHCARE AND RESEARCH AT THE UNIVERSITY OF CONNECTICUT, INCLUDING WITHOUT LIMITATION, THE UNIVERSITY OF CONNECTICUT HEALTH CENTER; TO SOLICIT DONATIONS OF, ACCEPT AND RECEIVE PROPERTIES, MONEYS OR SECURITIES BY VIRTUE OF GIFT, GRANT, BEQUEST, DEVISE OR OTHERWISE, AND TO HOLD, CONTROL, ADMINISTER, INVEST, REINVEST, ACCUMULATE, AND GENERALLY CARE FOR ANY AND ALL FUNDS AND PROPERTY, REAL AND PERSONAL, WHICH FROM TIME TO TIME MAY BE GIVEN, GRANTED, BEQUEATHED, DEVISED OR OTHERWISE CONVEYED OR MADE AVAILABLE TO THE CORPORATION EITHER UNCONDITIONALLY, UPON CONDITION OR IN TRUST FOR SPECIFIED PURPOSES WITHIN THE LIMITATIONS OF THIS CERTIFICATE OF INCORPORATION; AND TO DISBURSE SUCH FUNDS AND PROPERTY, OR THE INCOME THEREFROM, IN AIDING, SUPPLEMENTING, IMPROVING AND ENLARGING THE EDUCATIONAL, CULTURAL, RECREATIONAL, HEALTHCARE AND RESEARCH FACILITIES AND ACTIVITIES OF THE UNIVERSITY OF CONNECTICUT, INCLUDING WITHOUT LIMITATION, THE UNIVERSITY OF CONNECTICUT HEALTH CENTER. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES DESCRIPTION EQUIPMENT, FURNITURE, AND BUILDING IMPROVEMENTS THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF EQUIPMENT AND FURNITURE PURCHASES AND BUILDING IMPROVEMENTS. GENERALLY, THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY, WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. FORM 990, PART VI, LINE 1A EXPLANATION OF DELEGATED BROAD AUTHORITY TO COMMITTEE THE FOUNDATION BOARD HAS GIVEN THE EXECUTIVE COMMITTEE THAT CONSISTS OF THE CHAIR, THE CHAIR OF THE NOMINATING AND BOARD GOVERNANCE COMMITTEE, THE PRESIDENT OF THE CORPORATION, THE PRESIDENT OF THE UNIVERSITY, AND THREE OR MORE AT-LARGE BOARD MEMBERS, FULL POWER AND AUTHORITY AS THE BOARD. THE EXECUTIVE COMMITTEE MAY MEET AND EXERCISE ALL SUCH POWERS AND AUTHORITY IN THE INTERIM BETWEEN THE MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE MAY NOT FILL BOARD VACANCIES, AMEND CERTIFICATE OF INCORPORATION, ADOPT, AMEND, OR REPEAL BYLAWS, APPROVE A PLAN OF MERGER, APPROVE A SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE PROPERTY OF A CORPORATION, OR APPROVE A PROPOSAL TO DISSOLVE THE CORPORATION. FORM 990, PART VI, LINE 11B FORM 990 REVIEW PROCESS THE FORM IS PREPARED BY THE FOUNDATION AND REVIEWED BY MANAGEMENT AND THE FOUNDATION'S AUDIT COMMITTEE. THE FORM IS PROVIDED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ANNUALLY, THE FOUNDATION'S BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE SENT A COPY OF THE FOUNDATION'S CONFLICT OF INTEREST QUESTIONNAIRE THAT THEY ARE REQUIRED TO COMPLETE AND RETURN TO THE FOUNDATION. THE RESPONSES ARE THEN REVIEWED BY THE FOUNDATION'S IN-HOUSE LEGAL COUNSEL, WITH ANY POTENTIAL CONFLICTS REVIEWED WITH THE NOMINATING AND GOVERNANCE COMMITTEE OF THE BOARD AND THE FULL BOARD AS APPROPRIATE. FORM 990, PART VI, LINE 15A PROCESS COMPENSATION REVIEW & APPROVAL PROCESS - CEO & TOP MANAGEMENT THE FOUNDATION'S SALARY STRUCTURE IS MARKET-DRIVEN AND UNDERGOES A RIGOROUS, PERIODIC REVIEW UNDER WHICH COMPENSATION LEVELS ARE COMPARED TO ORGANIZATIONS OF SIMILAR SIZE AND MISSION. THE SALARIES AND BENEFITS OF THE UCONN FOUNDATION'S OFFICERS AND KEY EMPLOYEES ARE SUBJECT TO APPROVAL IN ADVANCE OF PAYMENT BY A MAJORITY OF DISINTERESTED DIRECTORS ON THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE OFFICERS AND KEY EMPLOYEES ARE NOT IN A POSITION OF CONTROL WITH RESPECT TO THE COMMITTEE. THE COMMITTEE RELIES ON APPROPRIATE COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF THE COMPENSATION PACKAGES. MINUTES ADEQUATELY DOCUMENTING THE BASIS FOR THE EXECUTIVE COMMITTEE'S DECISIONS ARE MAINTAINED. THE APPROVAL OF COMPENSATION PACKAGES OCCURS IN MAY OR JUNE FOR COMPENSATION TO BE PAID IN THE SUBSEQUENT FISCAL YEAR, OR AS NECESSARY. FORM 990, PART VI, LINE 15B PROCESS COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS AND KEY EMPLOYEES SEE 15A FORM 990, PART VI, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FOUNDATION'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE POSTED ON THE FOUNDATION'S WEBSITE. THE FOUNDATION'S ARTICLES OF INCORPORATION, IRS DETERMINATION LETTER, AND BYLAWS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A TITLE FOR JONATHAN L. GREENBLATT: DIRECTOR (UNTIL 10/22), INTERIM PRESIDENT AND CEO (AS OF 4/23) FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES BAD DEBT EXPENSE (PLEDGE WRITE-OFFS) : ($1,011,588) CHARITABLE REMAINDER TRUST (4) DEVELOPMENT CT NA false HORSEBARN HILL INVESTMENT FUND LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN CJ KY1-1104 INVESTMENT CJ UCONN FDN C CORP 3535221 56832079 1.00000 true false false true false false false false false false false false false false false false false false false false HORSEBARN HILL INVESTMENT FUND LTD C 6200006 FMV SCHEDULE R - RELATED ORGANIZATIONS WHILE THE MISSION OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY, UNDER IRS INSTRUCTIONS, THE UNIVERSITY DOES NOT MEET THE DEFINITION OF A "RELATED ORGANIZATION". THE FOUNDATION HAS NINE EX-OFFICIO BOARD MEMBERS, SIX OF WHOM SERVE BY VIRTUE OF THEIR POSITION AS A UNIVERSITY EMPLOYEE. NONE OF THE SIX UNIVERSITY EMPLOYEES ARE COUNTED IN DETERMINING QUORUM AND NONE ARE ENTITLED TO VOTE ON MATTERS BEFORE THE BOARD. NO COMPENSATION IS PAID BY THE FOUNDATION FOR THEIR SERVICE AS DIRECTORS.