2025-05-13T09:12:03+00:00 2024-06-30 920460586 PWC US TAX LLP 300 MADISON AVENUE NEW YORK NY 10017 990 2023-07-01 136162924 Columbia Presbyterian Medical Center Fund Inc COLU 2128534693 Columbia Univ 615 W 131 St MC 8741 New York NY 100277922 MARK HAWKINS VP, FINANCE & CONTROLLER 2128517348 2025-05-13 true ERIC MCNEIL P00460263 6464713000 2025-04-17 2023 2025-03-06 01:10:19Z AMELIA ALVERSON 100 LOW MEMORIAL LIBRARY NEW YORK NY 10027 1410028 false X N/A X 1960 NY THE ORGANIZATION IS A SUPPORTING ORG TO COLUMBIA UNIVERSITY & NY PRESBYTERIAN HOSPITAL & HOLDS CERTAIN ASSETS OF THE UNIVERSITY AND THE HOSPITAL AND RECEIVES OUTSTANDING BEQUESTS. 4 0 0 0 0 0 999 5001 0 923550 1275418 0 924549 1280419 1147257 1203263 0 0 0 0 0 1147257 1203263 -222708 77156 23949987 25218009 32368 27969 23917619 25190040 COLUMBIA PRESBYTERIAN MEDICAL CENTER FUND INC. (CPMC FUND) WAS FORMED AS A SUPPORTING ORGANIZATION TO COLUMBIA UNIVERSITY AND PRESBYTERIAN HOSPITAL (WHICH HAS BEEN SUCCEEDED BY NEW YORK PRESBYTERIAN HOSPITAL) TO SERVE AS A VEHICLE FOR JOINT FUNDRAISING ACTIVITIES BY THE UNIVERSITY AND THE HOSPITAL. CPMC FUND IS NO LONGER ACTIVELY USED FOR FUNDRAISING BUT CONTINUES TO HOLD CERTAIN ASSETS OF THE UNIVERSITY AND THE HOSPITAL AND RECEIVES OUTSTANDING BEQUESTS. ALL CPMC FUND ASSETS ARE USED DIRECTLY FOR THE BENEFIT OF THE UNIVERSITY OR THE HOSPITAL. false false 1203263 1203263 0 COLUMBIA-PRESBYTERIAN MEDICAL CENTER FUND, INC. ("CPMC FUND INC.") WAS FORMED BY COLUMBIA UNIVERSITY AND PRESBYTERIAN HOSPITAL TO BE A VEHICLE FOR JOINT FUNDRAISING ACTIVITIES BY THE UNIVERSITY AND THE HOSPITAL, BOTH OF WHICH ARE 501(C)(3) EXEMPT ORGANIZATIONS. THE UNIVERSITY AND THE HOSPITAL HAVE CEASED MOST JOINT FUNDRAISING ACTIVITIES. CPMC FUND INC. CONTINUES TO MAKE GRANTS AND ALLOCATIONS TO SUPPORT THE ACTIVITIES OF COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL (SUCCESSOR TO PRESBYTERIAN HOSPITAL). 1203263 true true false false false false false false true false true false true false false true false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 4 0 false true false false true true false true false false false false false false false false false false NY X JESSICA LEE YIM 2128534693 615 WEST 131 STREET 3RD FLOOR NEW YORK NY 10027 AMELIA ALVERSON TRUSTEE AS OF 5/15/2024 9.0 51.0 X 0 869799 46936 ANGELIKI ORFANOS TRUSTEE 9.0 51.0 X 0 177773 19178 JEREMY A ARNOLD TRUSTEE 1.0 34.0 X 0 401162 35865 LYNNE R ROTH TRUSTEE THROUGH 5/14/2024 9.0 51.0 X 0 525567 59968 Sheila Kelly TRUSTEE 1.0 34.0 X 0 1194209 31215 0 3168510 193162 0 false true false 0 5001 5001 0 0 0 0 0 1405027 1405027 0 0 0 129609 -129609 0 -129609 -129609 0 0 0 0 0 1280419 0 0 1275418 1203263 1203263 0 0 0 0 0 0 0 0 1203263 1203263 0 0 0 0 0 0 0 0 0 0 11907306 12629439 0 12042681 12588570 23949987 25218009 32368 27969 0 0 0 0 32368 27969 23917619 25190040 23917619 25190040 23949987 25218009 X 77156 785370 409895 X false true X false false X X 2 THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK 135598093 2 true 587632 0 THE NEW YORK-PRESBYTERIAN HOSPITAL 133957095 3 true 615631 0 2 1203263 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23917619 5001 2470683 1203263 25190040 23322157 999 1741720 1147257 23917619 32569781 64 -2841011 6406677 23322157 25552860 40148 8277527 1300754 32569781 26319841 103632 462974 1333587 25552860 0.0 0.5688 0.4312 false true true POOLED INVESTMENT FUND 12629439 F 12629439 DUE FROM RELATED ORGANIZATIONS 32969 BENEFICIAL INTEREST-INVESTMENT 12420208 INVESTMENT INCOME RECEIVABLE 135393 12588570 2475684 785370 409895 1195265 1280419 0 0 1280419 1203263 0 0 1203263 0 0 1203263 Schedule D, Part V, Line 4 INTENDED USE OF ENDOWMENT FUNDS PERMANENTLY RESTRICTED NET ASSETS HAVE BEEN RESTRICTED BY DONORS TO BE MAINTAINED IN PERPETUITY. EARNINGS ON PERMANENTLY RESTRICTED NET ASSETS WHICH ARE LIMITED TO BE EXPENDED FOR SPECIFIC PURPOSES ARE INCLUDED IN TEMPORARILY RESTRICTED NET ASSETS. EARNINGS WITHOUT SUCH RESTRICTIONS ARE INCLUDED IN UNRESTRICTED NET ASSETS. Schedule D, Part VII OTHER INVESTMENTS THE FUND'S INVESTMENTS, AT FAIR VALUE, REPRESENT ITS SHARE OF INVESTMENT IN COLUMBIA UNIVERSITY'S POOLED INVESTMENT FUND AT JUNE 30, 2024, WHICH CONSISTS OF A DIVERSIFIED PORTFOLIO OF GLOBAL EQUITIES AND FIXED INCOME INVESTMENTS, ALTERNATIVE INVESTMENTS AND CASH HELD FOR REINVESTMENT. Schedule D, Part X, Line 2 FIN 48 CPMC DOES NOT INCLUDE A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) IN ITS FINANCIAL STATEMENTS AS IT IS IMMATERIAL AND DOES NOT HAVE AN IMPACT ON THE STATEMENTS. CPMC BELIEVES THAT ITS TAX POSITIONS OF FIN 48 ARE HIGHLY CERTAIN. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in value of beneficial interest-investment - 409895 true THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK 615 WEST 131ST STREET MC 8741 NEW YORK NY 10027 135598093 501(C)(3) 587632 PROFESSORSHIPS, SCHOLARSHIPS, RESEARCH THE NEW YORK PRESBYTERIAN HOSPITAL 525 EAST 68TH STREET NEW YORK NY 10065 133957095 501(C)(3) 615631 RESEARCH & PATIENT CARE OPERATION 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. FUNDS ARE USED IN ACCORDANCE WITH THE PROCEDURES AND PROCESSES OF COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL, THE CPMC FUND'S SUPPORTED ORGANIZATIONS. false false false false false false false false false LYNNE R ROTH TRUSTEE THROUGH 5/14/2024 0 523955 0 0 0 1612 0 26592 0 33376 0 585535 0 0 JEREMY A ARNOLD TRUSTEE 0 356162 0 45000 0 0 0 22500 0 13365 0 437027 0 0 ANGELIKI ORFANOS TRUSTEE 0 166901 0 7500 0 3372 0 13747 0 5431 0 196951 0 0 Sheila Kelly TRUSTEE 0 750000 0 354373 0 89836 0 22500 0 8715 0 1225424 0 0 AMELIA ALVERSON TRUSTEE AS OF 5/15/2024 0 869799 0 0 0 0 0 33240 0 13696 0 916735 0 0 Form 990, Part VI, Line 1b INDEPENDENT VOTING MEMBERS ALL OF THE MEMBERS OF THE BOARD ARE EMPLOYEES OF EITHER COLUMBIA UNIVERSITY OR NEW YORK PRESBYTERIAN HOSPITAL, THE SUPPORTED ORGANIZATIONS, SO ARE NOT COUNTED AS INDEPENDENT IN ACCORDANCE WITH THE FORM 990 REPORTING INSTRUCTIONS. Form 990, Part VI, Line 12a CONFLICT OF INTEREST POLICY EACH OF THE INSTITUTIONAL MEMBERS OF CPMC FUND, COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL, HAS CONFLICT OF INTEREST POLICIES WHICH APPLY TO EACH OF SUCH INSTITUTION'S REPRESENTATIVES WITH RESPECT TO HIS OR HER ACTIVITIES FOR CPMC FUND. EACH CPMC FUND TRUSTEE APPOINTED BY COLUMBIA UNIVERSITY IS REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST OF WHICH HE OR SHE BECOMES AWARE. ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE APPROPRIATELY ADDRESSED IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. NEW YORK PRESBYTERIAN HOSPITAL FOLLOWS A SIMILAR PROCESS. Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY EACH OF THE INSTITUTIONAL MEMBERS OF CPMC FUND, COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL, HAS A WRITTEN WHISTLE-BLOWER POLICY WHICH APPLY TO THE ACTIVITIES OF CPMC FUND. Form 990, Part VI, Line 14 DOCUMENT RETENTION POLICY CPMC FUND'S BOOKS AND RECORDS RELEVANT TO ITS TAX EXEMPTION AND FILINGS WITH THE INTERNAL REVENUE SERVICE AND OTHER FINANCIAL RECORDS ARE MAINTAINED IN THE UNIVERSITY'S CONTROLLER'S OFFICE CONSISTENT WITH APPLICABLE LAW. OTHER BOOKS AND RECORDS ARE MAINTAINED BY THE APPROPRIATE UNIVERSITY OFFICE CONSISTENT WITH APPLICABLE LAW. THE UNIVERSITY'S DOCUMENT RETENTION AND DESTRUCTION POLICY APPLIES TO ALL BOOKS AND RECORDS HELD BY THE UNIVERSITY. Form 990, Part VI, Line 15 COMPENSATION POLICY MS. ALVERSON IS A KEY EMPLOYEE OF THE UNIVERSITY. AS SUCH, HER COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT UNIVERSITY TRUSTEES. THE COMMITTEE REVIEWS COMPARABILITY DATA AND MINUTES OF ITS DELIBERATIONS ARE RECORDED CONTEMPORANEOUSLY WITH ANY ACTION. MS. ROTH AND MS. ORFANOS ARE NOT KEY EMPLOYEES OF THE UNIVERSITY. THEIR COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE UNIVERSITY'S REGULAR COMPENSATION PRACTICES APPLICABLE TO SIMILARLY SITUATED EMPLOYEES. NEW YORK PRESBYTERIAN HOSPITAL FOLLOWS A SIMILAR PROCESS. Form 990, Part VI, Line 3 Delegation of management duties CPMC FUND IS A SUPPORTING ORGANIZATION FOR COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL. THE UNIVERSITY HAS ASSUMED RESPONSIBILITY FOR THE ADMINISTRATION OF THE FUND. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL APPOINT THE MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT UPON BEHALF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body CPMC FUND IS A SUPPORTING ORGANIZATION FOR COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL. THE UNIVERSITY HAS ASSUMED RESPONSIBILITY FOR THE ADMINISTRATION OF THE CPMC FUND. THE FORM 990 WAS REVIEWED BY THE VICE PRESIDENT, FINANCE AND CONTROLLER AND OFFICIALS OF COLUMBIA UNIVERSITY. THESE OFFICIALS INCLUDED THE CONTROLLER OF COLUMBIA UNIVERSITY IRVING MEDICAL CENTER. Form 990, Part VI, Line 19 Required documents available to the public CPMC FUND IS A SUPPORTING ORGANIZATION OF THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK. THE UNIVERSITY HAS ASSUMED RESPONSIBILITY FOR THE ADMINISTRATION OF THE CPMC FUND. COLUMBIA UNIVERSITY'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AT WWW.COLUMBIA.EDU. Form 990, Part VII, Section A, Line 1a, Column (B) AVERAGE HOURS FOR RELATED ORGANIZATIONS THE OFFICERS AND KEY EMPLOYEES OF NEW YORK PRESBYTERIAN HOSPITAL (ARNOLD AND KELLY) ARE RESPONSIBLE FOR THE OVERALL EXEMPT MISSION OF THE NEW YORK PRESBYTERIAN HOSPITAL AND ITS AFFILIATED COMPANIES. AS A VITAL PART OF THIS ROLE, EACH OF THE ABOVE ALSO SPENDS SIGNIFICANT PORTIONS OF TIME IN LEADING THE HOSPITAL AND ITS SUBSIDIARIES. NEW YORK PRESBYTERIAN HOSPITAL IS REPORTED ON A STANDARD 35 HOURS PER WEEK, NOTWITHSTANDING THAT EXECUTIVES TYPICALLY WORK FAR IN EXCESS OF THIS STANDARD. EACH OF THE TRUSTEES FROM COLUMBIA UNIVERSITY (ALVERSON, ROTH AND ORFANOS) DEVOTED AN AVERAGE OF 60 HOURS PER WEEK TO THE PERFORMANCE OF HIS OR HER RESPONSIBILITIES FOR COLUMBIA UNIVERSITY, ONE OF THE SUPPORTED ENTITIES, FOR WHICH CPMC FUND IS A SUPPORTING ORGANIZATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF BENEFICIAL INTEREST - 409895; Form 990, Part XII, Line 2b AUDIT FINANCIALS AND OVERSIGHT THE UNIVERSITY'S BOARD OF TRUSTEES HAS AN AUDIT COMMITTEE, COMPRISED OF INDEPENDENT TRUSTEES, WHICH IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT, REVIEW, AND COMPILATION OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR WHO AUDITS CPMC FUND FINANCIAL STATEMENTS. [APPROXIMATELY 90% OF CPMC FUND ASSETS ARE HELD IN THE UNIVERSITY'S ENDOWMENT.] THE TRUSTEES OF COLUMBIA UNIVERSITY 615 WEST 131ST STREET MC 8741 New York NY 10027 135598093 UNIVERSITY NY 501(c)(3) 2 NA false THE NEW YORK-PRESBYTERIAN HOSPITAL 525 EAST 68TH STREET New York NY 10065 133957095 HOSPITAL NY 501(c)(3) 3 NA false CHARITABLE REMAINDER TRUST (3) N/A NY CPMC Trust false false true false false false false false false false false false false false false true false false true true