2025-05-07T17:35:36-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2023-07-01 310896555 THE UNIVERSITY OF CINCINNATI FOUNDATION UNIV 5135566781 PO BOX 19970 CINCINNATI OH 452190970 KENDRA SMITH VP, CFO AND TREASURER 5135566781 2025-05-05 1 1 DORI J EGGETT P00645252 3037409400 2025-05-05 2023 2025-03-06 01:10:19Z LEIGH R FOX PO BOX 19970 CINCINNATI OH 452190970 187403898 0 X HTTP://FOUNDATION.UC.EDU X 1977 OH TO INSPIRE A COMMUNITY OF UC AND UC HEALTH SUPPORTERS THROUGH THE POWER OF PHILANTHROPY. 40 40 305 2416 21667 20667 94288493 118885900 27743052 30415171 26212724 28913869 74485 -308357 148318754 177906583 69755344 67321363 0 0 22379537 24578053 0 0 26928179 13591474 12124000 105726355 104023416 42592399 73883167 790352151 904693969 39059983 46216266 751292168 858477703 MISSION: TO INSPIRE A COMMUNITY OF UC AND UC HEALTH SUPPORTERS THROUGH THE POWER OF PHILANTHROPY.VISION: IGNITING PASSION TO TRANSFORM LIVES. 0 0 71312203 67321363 30393504 THE UC FOUNDATION IS THE FUNDRAISING ENTITY FOR THE UNIVERSITY OF CINCINNATI. THE UC FOUNDATION EXISTS TO ADVANCE THE FUTURES OF THE UNIVERSITY, ITS COLLEGES, UNITS, DEPARTMENTS, FACULTY AND STUDENTS THROUGH PHILANTHROPY AND TO PROMOTE ALUMNI ENGAGEMENT. ALL PROGRAM SERVICE ALLOCATIONS ARE MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF CINCINNATI. IN ADDITION TO THE ABOVE, THE UC FOUNDATION ALSO PROVIDES FUNDRAISING SERVICES FOR UC HEALTH AND RECORDS DONATIONS RECEIVED BY THE LINDNER CENTER OF HOPE. THE DONATIONS RECORDED BY THE UC FOUNDATION FOR UC HEALTH, THE LINDNER CENTER OF HOPE AND DONATIONS RECEIVED DIRECTLY BY THE UNIVERSITY OF CINCINNATI ARE NOT INCLUDED IN THE FORM 990 AS CONTRIBUTION AND GRANT REVENUE. 71312203 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 87 0 1 305 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CA CO CT IL KY LA ME MD MA MI MN NH NJ NM NY ND OK OR PA RI SC TN UT WV WI X X KENDRA SMITH 5135560831 100 UNIVERSITY HALL 51 GOODMAN CINCINNATI OH 45219 LEIGH R FOX CHAIR 1.00 0.00 X X 0 0 0 RAE A MANG IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 ALVIN H CRAWFORD MD TRUSTEE 1.00 0.00 X 0 0 0 AMANDA WAIT TRUSTEE 1.00 0.00 X 0 0 0 ANDREA K WIOT TRUSTEE 1.00 0.00 X 0 0 0 ANIL HINDUJA TRUSTEE 1.00 0.00 X 0 0 0 ANNDREA MOORE TRUSTEE 1.00 0.00 X 0 0 0 ARUN MURTHY TRUSTEE 1.00 0.00 X 0 0 0 BARBARA FANT TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER VAN PELT TRUSTEE 1.00 0.00 X 0 0 0 CORA OGLE TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 DARRELL D MILLER TRUSTEE 1.00 0.00 X 0 0 0 EDWIN L BOWMAN III TRUSTEE 1.00 0.00 X 0 0 0 ERIC C BROYLES TRUSTEE 1.00 0.00 X 0 0 0 GARY D JOHNS TRUSTEE 1.00 0.00 X 0 0 0 GYAN JHA TRUSTEE 1.00 0.00 X 0 0 0 JACQUELINE C NEUMANN TRUSTEE 1.00 0.00 X 0 0 0 JAMES BOYCE TRUSTEE 1.00 0.00 X 0 0 0 JEROME C KATHMAN TRUSTEE 1.00 0.00 X 0 0 0 JERRY L FRITZ TRUSTEE 1.00 0.00 X 0 0 0 JOHN B BERDING TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH P JUDGE TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 JUDY L PERSHERN TRUSTEE 1.00 0.00 X 0 0 0 KENNETH BYERS TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 KIMBERLEE J DOBBS TRUSTEE 1.00 0.00 X 0 0 0 KIRK PERRY TRUSTEE 1.00 0.00 X 0 0 0 LAURENCE F JONES III TRUSTEE 1.00 0.00 X 0 0 0 LA VANDEZ JONES TRUSTEE 1.00 0.00 X 0 0 0 LORI A BEER TRUSTEE 1.00 0.00 X 0 0 0 LOURDES HARSHE TRUSTEE 1.00 0.00 X 0 0 0 NANCY SANTI TRUSTEE 1.00 0.00 X 0 0 0 PAUL GREEN TRUSTEE 1.00 0.00 X 0 0 0 PETER ALPAUGH TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 RICHARD C SEAL TRUSTEE 1.00 0.00 X 0 0 0 RUSSELL C MYERS TRUSTEE 1.00 0.00 X 0 0 0 RUTHIE S KEEFE TRUSTEE 1.00 0.00 X 0 0 0 RYAN RYBOLT TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 SEAN P CONNELL TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 SHAKILA T AHMAD TRUSTEE 1.00 0.00 X 0 0 0 SHENAN P MURPHY TRUSTEE 1.00 0.00 X 0 0 0 SHIMUL A SHAH TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN E KIMPEL TRUSTEE 1.00 0.00 X 0 0 0 STUART G HOFFMAN TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 THOMAS CARLETON TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY A ELSBROCK TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J DAVIS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM T NEAT TRUSTEE 1.00 0.00 X 0 0 0 PETER LANDGREN PRESIDENT 40.00 0.00 X 543123 0 49471 THOMAS D FREEMAN VP & CFO, TREASURER 40.00 0.00 X 303220 9450 38534 HEATHER ELLISON CHIEF OF STAFF, SECRETARY 40.00 0.00 X 148367 0 26462 O RICHARD BUNDY III PRESIDENT 40.00 0.00 X 0 0 0 JONATHAN AGREE VP OF DEVELOPMENT - ACADEMIC HEALTH 40.00 0.00 X 357786 0 42948 STEVE ROSFELD VP OF DEVELOPMENT- PART YEAR 40.00 0.00 X 326830 0 50083 JENNIFER HEISEY VP OF ALUMNI & DONOR EXPERIENCE 40.00 0.00 X 297525 0 33026 CARRIE WHITE VP OF TECH, INFO & PHILAN STRATEGY 40.00 0.00 X 257721 0 30081 CALEB WHITTED VP OF PRINCIPAL GIVING 40.00 0.00 X 270103 0 39400 KAREN HATCHER AVP OF PRINCIPAL GIFTS, ATHLETICS 40.00 0.00 X 258489 0 35320 JULIE ENGEBRECHT VP OF STRATEGIC COMMUNICATIONS 40.00 0.00 X 218174 0 35909 LAUREEN MCCORKLE AVP OF DEVELOPMENT, UC CANCER CENTER 40.00 0.00 X 211908 0 41668 LINDA BLEDSOE VP OF HUMAN RESOURCES 40.00 0.00 X 207264 0 34372 MIKE ZENZ EXEC DIRECTOR FOR PRINCIPAL GIVING 40.00 0.00 X 172835 0 26426 3573345 9450 483700 52 1 1 0 IDEAS UNITED LLC 750 GLENWOOD AVE SE SUITE 330 ATLANTA GA 30316 CONSULTING 250000 1 704280 118181620 3075145 118885900 GENERAL MANAGEMENT FEE 561499 19726846 19726846 END FUND-RAISING ASSESSMENT 561499 10210815 10210815 ENDOWMENT ADMIN. FEE REVENUE 561499 263328 263328 UC COLLEGE SUPPORT 561499 104838 104838 UC OTHER TRUSTEE FEE REVENUE 561499 68740 68740 40604 18937 21667 30415171 14758093 14758093 22127424 7971648 14155776 14155776 14155776 1217310 704280 1525667 -308357 -308357 177906583 30393504 21667 28605512 67321363 67321363 2514159 257086 428849 1828224 17197760 1758563 2933481 12505716 1245569 127366 212461 905742 2249198 229993 383653 1635552 1371367 140230 233919 997218 179927 7528 77770 94629 106478 4455 46023 56000 133594 5590 57743 70261 257490 1116 242340 14034 1114432 49340 509716 555376 1694740 1014024 34056 646660 199846 17331 10737 171778 1523619 112116 279727 1131776 465261 53054 62229 349978 376800 49953 6409 320438 269591 20837 117088 131666 147293 17675 22094 107524 116479 13256 15549 87674 FUNDRAISING ASSESSMENT 4826720 4826720 CULTIVATION 282639 17138 3047 262454 FINANCE CHARGES 140358 36716 23321 80321 MEMBERSHIP DUES 82252 6242 35885 40125 206481 51231 46937 108313 104023416 71312203 5783034 26928179 22846170 14765665 121669164 177845315 3014110 2679773 771212 373532 7647333 7566241 224372 81092 629834834 697482450 11992289 11466142 790352151 904693969 15166520 15392041 500000 500000 23393463 30324225 39059983 46216266 X 19651447 19686115 731640721 838791588 751292168 858477703 790352151 904693969 X 73883167 34398379 -1096011 X X 0 1 X 1 0 X 70687266 67880064 95558765 94288493 118885900 447300488 192654 192654 192654 192654 419388 1190004 70879920 68072718 95751419 94481147 119305288 448490492 79228206 369262286 8736514 15075894 19734386 8025563 14758093 66330450 135000 135208 110000 87500 21667 489375 417297 237768 673321 849836 1217310 3395532 518705849 134609131 0.71190 0.76670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENT REVENUE - 2019 AMOUNT: $ 417,297. 2020 AMOUNT: $ 237,768. 2021 AMOUNT: $ 599,831. 2022 AMOUNT: $ 849,836. 2023 AMOUNT: $ 1,217,310. SET COMMISSION - 2021 AMOUNT: $ 73,490. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 612379547 23228382 63731141 8455497 20304823 670578750 581475459 23645342 36288693 8447310 20582637 612379547 574891720 25036460 4615300 6649337 16418684 581475459 445514316 20704713 128959503 5691700 14595112 574891720 448937214 23224244 -4303132 5984315 16359695 445514316 0.00550 0.92930 0.06520 0 0 1894271 1859360 34911 1130839 1084812 46027 4622223 4622069 154 81092 AGENCY PAYABLE 24014714 TRUST HELD FOR THE BENEFIT OF OTHERS 5356177 REFUNDABLE DEPOSITS 885337 OPERATING LEASE LIABILITIES 67997 30324225 X 213361508 34398379 419388 -642703 34175064 179186444 230806 -1510667 -1279861 177906583 106175975 419388 1963977 2383365 103792610 230806 230806 104023416 PART V, LINE 4: THE EARNINGS FROM THE UNIVERSITY OF CINCINNATI FOUNDATION ENDOWMENT FUNDS ARE TRANSFERRED TO THE UNIVERSITY OF CINCINNATI TO BE DISBURSED ACCORDING TO THE RESTRICTIONS OF EACH ENDOWMENT. THESE RESTRICTIONS INCLUDE SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FACILITIES AND OTHER PROGRAMMATIC SUPPORT FOR THE COLLEGES AND DEPARTMENTS OF THE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DEFINED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS EXEMPT FROM FEDERAL INCOME TAXES. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS AS TO WHETHER IT IS MORE LIKELY THAN NOT A TAX POSITION COULD BE SUSTAINED IN THE EVENT OF AN AUDIT BY THE APPLICABLE TAXING AUTHORITY. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS, AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. OPEN TAX YEARS FOR THE FOUNDATION INCLUDE 2023, 2022, AND 2021. AS OF JUNE 30, 2024 AND 2023, THE FOUNDATION HAS NO ASSETS OR LIABILITIES RECORDED RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,492,931. PLEDGE LOSS -2,135,630. ROUNDING -4. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -1,525,667. AFFINITY REVENUE ADJUSTMENT 15,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PV OF ANNUITIES PAYABLE 438,310. FUNDRAISING EVENT EXPENSES 1,525,667. BRAIN TUMOR CENTER WALK 207588 207588 10569 52320 STEPHEN FLAHERTY CONCERT 195242 192742 2500 138726 69157 51109 77335 42 1518760 303950 1214810 71255 504045 10080 541071 1921590 704280 1217310 220550 573202 61189 670726 1525667 -308357 1 UNIVERSITY OF CINCINNATI 2624 CLIFTON AVENUE CINCINNATI OH 45221 316000989 115 67321363 0 N/A N/A PROGRAM SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION WAS ESTABLISHED AS THE FUNDRAISING ENTITY FOR THE UNIVERSITY OF CINCINNATI. ALL MONEY RAISED IS TRANSFERRED TO THE UNIVERSITY. THE FOUNDATION DOES NOT DETERMINE THE USE OF THE GIFT FUNDS. FUNDS RAISED ARE ALLOCATED ACCORDING TO RESTRICTIONS ESTABLISHED BY DONORS. IF GIFTS ARE MADE WITHOUT DONOR RESTRICTIONS, ALLOCATION IS DETERMINED BY THE UNIVERSITY. X X 1 1 X X X 1 0 0 1 0 0 0 1 0 PETER LANDGREN PRESIDENT 530306 0 55 0 12762 0 30000 0 19471 0 592594 0 0 0 JONATHAN AGREE VP OF DEVELOPMENT - ACADEMIC HEALTH 313876 0 43652 0 258 0 30000 0 12948 0 400734 0 0 0 STEVE ROSFELD VP OF DEVELOPMENT- PART YEAR 286770 0 39913 0 147 0 22500 0 27583 0 376913 0 0 0 THOMAS D FREEMAN VP & CFO, TREASURER 265671 9450 37016 0 533 0 26902 0 11632 0 341754 9450 0 0 JENNIFER HEISEY VP OF ALUMNI & DONOR EXPERIENCE 261288 0 36147 0 90 0 22500 0 10526 0 330551 0 0 0 CALEB WHITTED VP OF PRINCIPAL GIVING 235971 0 34078 0 54 0 21260 0 18140 0 309503 0 0 0 KAREN HATCHER AVP OF PRINCIPAL GIFTS, ATHLETICS 226127 0 31966 0 396 0 21693 0 13627 0 293809 0 0 0 CARRIE WHITE VP OF TECH, INFO & PHILAN STRATEGY 226006 0 31425 0 290 0 22500 0 7581 0 287802 0 0 0 JULIE ENGEBRECHT VP OF STRATEGIC COMMUNICATIONS 190569 0 26827 0 778 0 19831 0 16078 0 254083 0 0 0 LAUREEN MCCORKLE AVP OF DEVELOPMENT, UC CANCER CENTER 189293 0 22500 0 115 0 18315 0 23353 0 253576 0 0 0 LINDA BLEDSOE VP OF HUMAN RESOURCES 181543 0 25294 0 427 0 18783 0 15589 0 241636 0 0 0 MIKE ZENZ EXEC DIRECTOR FOR PRINCIPAL GIVING 150727 0 21957 0 151 0 15797 0 10629 0 199261 0 0 0 HEATHER ELLISON CHIEF OF STAFF, SECRETARY 132141 0 16174 0 52 0 13765 0 12697 0 174829 0 0 0 PART I, LINE 1A THIS ITEM IS COMPREHENDED UNDER THE FOUNDATION'S APPROVED EXPENDITURE POLICY. PART I, LINE 4A PETER LANDGREN'S SEVERANCE WAS ACCRUED IN FISCAL YEAR 2024 AND WILL BE PAID OUT IN FISCAL YEAR 2025. PART I, LINE 5 BONUS AMOUNTS FOR EMPLOYEES ARE DETERMINED AS PART OF THE FOUNDATION'S PERFORMANCE MANAGEMENT SYSTEM AND ARE CONTINGENT UPON MEETING FUNDRAISING AND OTHER PERFORMANCE GOALS. BONUS AMOUNTS ARE EQUAL TO A PERCENTAGE OF AN EMPLOYEE'S SALARY OR MAY BE DISCRETIONARY BASED ON OVERALL EMPLOYEE PERFORMANCE. X 1 29070 APPRAISAL X 81 2989052 AVG HIGH/LOW PRICE X 3 390045 FAIR MARKET VALUE X DONATED CATERING 3 56750 COST X GIFT CARD 1 273 COST 0 1 1 PART I, LINE 32B: PUBLICLY TRADED STOCK IS SOLD BY LOCAL STOCK BROKERS. SCHEDULE M, PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE FINANCE & RISK COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. THE FINANCE & RISK COMMITTEE REPORTS ON THE RESULTS OF THEIR REVIEW TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL APPROVAL PRIOR TO FILING. THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES MUST ACT IN ACCORDANCE WITH THE FOUNDATION'S CONFLICT OF INTEREST POLICY. TRUSTEES SHALL DISCLOSE TO THE BOARD ANY ACTUAL, PERCEIVED, OR POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. WHERE A TRUSTEE'S BUSINESS OR OTHER RELATIONSHIP MAY BE INVOLVED IN A FINANCIAL TRANSACTION WITH THE FOUNDATION, SUCH TRANSACTION SHALL BE MADE AS A RESULT OF COMPETITIVE BIDDING OR OTHER OBJECTIVE MEASURE IN THE BEST INTEREST OF THE FOUNDATION, OR, WHERE PRICE IS NOT A FACTOR, DECISIONS SHALL BE MADE ONLY AFTER DISCUSSIONS BY THE BOARD OF TRUSTEES, AND ONLY WHERE IT IS CLEAR THAT NO OTHER SOURCE CAN BETTER SERVE THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 POSITION COMPENSATION IS COMPARED ANNUALLY TO MARKET COMPENSATION BENCHMARKING DATA BY THE HUMAN RESOURCES DEPARTMENT. EVALUATION OF INDIVIDUAL PERFORMANCE AGAINST ESTABLISHED GOALS OCCURS ANNUALLY. THE UNIVERSITY OF CINCINNATI FOUNDATION BOARD OF TRUSTEES REVIEWS AND APPROVES CERTAIN COMPENSATION DECISIONS. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN FISCAL YEAR 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ANNUAL AUDIT REPORT WITH FINANCIAL STATEMENTS AND FOOTNOTES ARE ALSO AVAILABLE ON THE AUDITOR OF STATE OF OHIO WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN PV OF ANNUITIES PAYABLE -438,310. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,492,931. PLEDGE LOSS -2,135,630. ROUNDING -2. AFFINITY REVENUE ADJUSTMENT -15,000. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. UCF REAL ESTATE LLC 100 UNIVERSITY HALL 51 GOODMAN DRIV CINCINNATI OH 45219 REAL ESTATE HOLDING OH 0 UNIVERSITY OF CINCINNATI FOUNDATION UCF HOLDINGS LLC 100 UNIVERSITY HALL 51 GOODMAN DRIV CINCINNATI OH 45219 REAL ESTATE HOLDING OH 0 10800000 UNIVERSITY OF CINCINNATI FOUNDATION UNIVERSITY OF CINCINNATI 2624 CLIFTON AVENUE CINCINNATI OH 45221 316000989 SCHOOL OH 115 N/A 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 UNIVERSITY OF CINCINNATI B 67321363 FMV UNIVERSITY OF CINCINNATI K 239470 FMV UNIVERSITY OF CINCINNATI C 390045 FMV UNIVERSITY OF CINCINNATI L 16795373 FMV