2025-05-05T12:40:12-05:00 2024-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-07-01 237433570 UC RIVERSIDE FOUNDATION UCRI 9518276291 1420 IOWA AVE RIVERSIDE CA 92507 KIMBERLY MCDADE VP FINANCE AND CFO 9518276294 2025-05-05 1 0 DAVID M HIGHFILL P01517891 2139724000 2025-05-05 2023 2025-03-06 01:10:19Z X KIMBERLY MCDADE 1420 IOWA AVE RIVERSIDE CA 92507 24261029 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. 34 33 0 35 0 0 11919831 9134354 0 0 6409456 5888989 10105 2090 18339392 15025433 14864394 14940166 0 0 0 0 0 0 0 169711 414334 15034105 15354500 3305287 -329067 270599516 295596940 2221306 2170598 268378210 293426342 TO SUPPORT EDUCATIONAL, RESEARCH AND PUBLIC FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 0 0 13505048 13505048 SCHOLARSHIPS, FELLOWSHIPS, AWARDS AND OTHER SUPPORT OF FUNCTIONS AND PROGRAMS OF THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA. 1435118 1435118 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. 14940166 1 1 0 1 0 0 0 0 0 1 0 1 0 0 1 1 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 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 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 1420 IOWA AVE RIVERSIDE CA 92507 ALLISON CAMPBELL IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 ERIK ANDERSON TREASURER 1.00 0.00 X X 0 0 0 BRIAN HAWLEY ELECTED MEMBER 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 WALLY BAKARE CHAIR 1.00 0.00 X X 0 0 0 DAVID BETTS ELECTED MEMBER 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 1.00 0.00 X 0 0 0 KRISTIN CRELLIN ELECTED MEMBER (THRU 3/5/2024) 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 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 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 (THRU 6/24/2024) 1.00 0.00 X 0 0 0 JAMES MERINO ELECTED MEMBER 1.00 0.00 X 0 0 0 BYRON POLLITT ELECTED MEMBER (THRU 6/30/2024) 1.00 0.00 X 0 0 0 TERESA POLLITT ELECTED MEMBER (THRU 6/30/2024) 1.00 0.00 X 0 0 0 JUDITH POSNIKOFF ELECTED MEMBER 1.00 0.00 X 0 0 0 STEVE SHUMAN EX-OFFICIO TRUSTEE (THRU 6/30/2024) 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 TRACY WANG ELECTED MEMBER 1.00 0.00 X 0 0 0 TOM DELFINO ELECTED MEMBER (BEG 7/1/2023) 1.00 0.00 X 0 0 0 WILLIAM DULL ELECTED MEMBER (BEG 7/1/2023) 1.00 0.00 X 0 0 0 JOHN LEONARD ELECTED MEMBER (BEG 7/1/2023) 1.00 0.00 X 0 0 0 DAMON RICHARDSON ELECTED MEMBER (BEG 7/1/2023) 1.00 0.00 X 0 0 0 KIM A WILCOX EX-OFFICIO TRUSTEE 1.00 39.00 X 0 589850 23581 KIM MCDADE VP FINANCE AND CFO 8.00 32.00 X 0 210526 19364 SHARILYN BERRY SECRETARY 36.00 4.00 X 0 138134 0 MONIQUE DOZIER PRESIDENT 1.00 39.00 X 0 400917 5872 ANNYA LOTT EXECUTIVE VP (BEG 5/5/2023) 1.00 39.00 X 0 181675 9021 LUKE CHEN ASSOCIATE TREASURER (BEG 10/20/23) 32.00 8.00 X 0 39206 3183 0 1560308 61021 6 0 1 0 DIVERSIFIED SEARCH LLC 2005 MARKET ST 33RD FLOOR PHILADELPHIA PA 19103 CONSULTATION SERVICE 111664 1 9134354 1482289 9134354 2275349 2275349 12849236 9235596 3613640 3613640 3613640 OTHER INCOME 900099 2090 2090 2090 15025433 0 0 5891079 14940166 14940166 21575 21575 50000 50000 61324 61324 172083 172083 37180 37180 66329 66329 5414 5414 OTHER EXPENSES 429 429 15354500 14940166 414334 0 263234 131631 14016686 15660375 6225824 4903434 510060 503480 249583712 274398020 270599516 295596940 1876259 1794219 345047 376379 2221306 2170598 X 0 0 0 0 268378210 293426342 268378210 293426342 270599516 295596940 X -329067 25372449 4750 X 0 1 X 1 0 X 18403146 18635758 12807494 11919831 9134354 70900583 18403146 18635758 12807494 11919831 9134354 70900583 11718398 59182185 1351124 1392631 806241 2777074 2275349 8602419 1377 10105 2090 13572 79516574 0.74430 0.69990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 1,377. 2022 AMOUNT: $ 10,105. 2023 AMOUNT: $ 2,090. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 50000 0 0 0 50000 0 PART II-B, LINE 1: GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES FORM 990, SCHEDULE C, PART II-B, LINE 1 (F) THE ORGANIZATION MADE A CONTRIBUTION IN THE AMOUNT OF $50,000 TO ALLIANCE FOR THE UNIVERSITY OF CALIFORNIA, A REGISTERED 501(C)4 NONPROFIT ORGANIZATION, DEDICATED TO EDUCATING THE PUBLIC ABOUT THE BENEFITS OF A GENERAL OBLIGATION BOND FOR CALIFORNIA'S PUBLIC HIGHER EDUCATION SYSTEM AND SPECIFICALLY FOR THE UNIVERSITY OF CALIFORNIA. 254182547 3998895 28925876 10021281 1469323 61324 275555391 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 0.06518 0.55619 0.37864 0 0 0 PRIVATE EQUITY 2032348 F EXCHANGE TRADED PRODUCTS 123618 F OTHER 1687 F BALANCED FUNDS 272240367 F 274398020 LIABILITIES LIFE BENEFICIARIES 145889 DEFERRED INFLOWS-SPLIT INTEREST 230490 376379 X 40341308 25372449 4750 25377199 14964109 61324 61324 15025433 15293176 0 15293176 61324 61324 15354500 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 X, LINE 2: INCOME TAXES THE FOUNDATION IS AN ORGANIZATION EXEMPT FROM TAXATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT IS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE BASIC FINANCIAL STATEMENTS TAKEN AS A WHOLE. 0 REGENTS OF THE UNIV OF CA RIVERSIDE 900 UNIVERSITY AVENUE RIVERSIDE CA 92521 956006142 STATE OF CA 14940166 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 589850 0 0 0 0 0 0 0 23581 0 613431 0 0 MONIQUE DOZIER PRESIDENT 0 400917 0 0 0 0 0 0 0 5872 0 406789 0 0 KIM MCDADE VP FINANCE AND CFO 0 210526 0 0 0 0 0 0 0 19364 0 229890 0 0 ANNYA LOTT EXECUTIVE VP (BEG 5/5/2023) 0 181675 0 0 0 0 0 0 0 9021 0 190696 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 16 1482289 AVG PRICE DNTN DATE 0 0 1 1 PART I, COLUMN 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 FY24, UC RIVERSIDE FOUNDATION DID NOT HAVE UNRELATED BUSINESS GROSS INCOME OF $1,000 OR MORE; HOWEVER, IS FILING A 2023 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 FY24. 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: ADJUSTMENTS FOR PRIOR YEAR RETURNED GRANTS 4,750. 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) 1420 IOWA AVE RIVERSIDE CA 92507 TRUST CA UCRF T 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0