2025-05-14T13:14:17-05:00 2024-06-30 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2023-07-01 542084125 UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC UNIV 8004568627 134 HICKS WAY AMHERST MA 01003 MATTHEW LITTLEFIELD TREASURER 4135770259 2025-04-16 1 1 RUDY M D'AGOSTINO P00962620 4135368510 2025-04-16 2023 2025-03-06 01:10:19Z ARWEN DUFFY 134 HICKS WAY AMHERST MA 01003 36153045 0 X WWW.UMA-FOUNDATION.ORG X 2002 MA TO OPERATE FOR THE EXCLUSIVE BENEFIT OF THE UMASS AMHERST BY RAISING FUNDS FOR THE UMASS AMHERST. 40 36 102 1386 0 0 988121 13649823 6620634 19281421 0 7092 0 -1082501 7608755 31855835 988121 11741782 0 0 5652669 15793443 0 158553 11721626 967965 4157287 7608755 31851065 0 4770 2374448 8318409 2374448 8318409 0 0 X THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION LEADS AND SUPPORTS PRIVATE FUND RAISING ON BEHALF OF THE FACULTY, STAFF AND STUDENTS OF THE AMHERST CAMPUS. ITS VOLUNTEER BOARD OF DIRECTORS PROVIDES LEADERSHIP FOR THE DEVELOPMENT OF PHILANTROPIC INVESTMENT IN SUPPORT OF THE RESEARCH, TEACHING AND OUTREACH OF UMASS AMHERST. THE FOUNDATION WORKS CLOSELY WITH CAMPUS LEADERSHIP TO IDENTIFY OPPORTUNITIES FOR PRIVATE SUPPORT AND TO ENHANCE UMASS AMHERST'S EFFECTIVENESS IN COMMUNICATING ITS REMARKABLE STRENGTH AND OPPORTUNITIES TO ITS MANY CONSTITUENCIES. 0 0 14284261 11741782 19281421 THE ORGANIZATION PROVIDED ON-GOING FUNDRAISING FOR THE UNIVERSITY OF MASSACHUSETTS AMHERST. 14284261 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 20 0 1 102 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 40 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA X SEVERINE BELTRAMO 4138351953 134 HICKS WAY AMHERST MA 01003 X THOMAS F ACKERMAN DIRECTOR 2.00 X 0 0 0 CAREN P ARNSTEIN DIRECTOR 2.00 X 0 0 0 DOUGLAS A BERTHIAUME DIRECTOR 2.00 X 0 0 0 JAMES R BUONOMO DIRECTOR 2.00 X 0 0 0 MICHELLE A CARDINAL DIRECTOR 2.00 X 0 0 0 PAUL J CARNEY DIRECTOR 2.00 X 0 0 0 MADHURA V CHACKO DIRECTOR 2.00 X 0 0 0 CHRISTOPHER F COLEMAN DIRECTOR 2.00 X 0 0 0 DENISE M COLL VICE CHAIR 2.00 X X 0 0 0 ROBERT L EPSTEIN DIRECTOR 2.00 X 0 0 0 DANIEL E FEDER DIRECTOR 2.00 X 0 0 0 ROBERT S FELDMAN DIRECTOR 2.00 X 0 0 0 DAVID G FUBINI DIRECTOR 2.00 X 0 0 0 BENJAMIN J GALLACHER DIRECTOR 2.00 X 0 0 0 HAOHAO GUO DIRECTOR 2.00 X 0 0 0 GEORGE K HERTZ DIRECTOR 2.00 X 0 0 0 KAREN M PETERS DIRECTOR 2.00 X 0 0 0 ELIZABETH A HUSTED DIRECTOR 2.00 X 0 0 0 PAMELA M JACOBS DIRECTOR 2.00 X 0 0 0 CHRISTOPHER LITSTER DIRECTOR 2.00 X 0 0 0 PAUL MANGANARO DIRECTOR 2.00 X 0 0 0 NICHOLAS C MARKEY DIRECTOR 2.00 X 0 0 0 JAMES S PALERMO DIRECTOR 2.00 X 0 0 0 NANCY J ROSEN DIRECTOR 2.00 X 0 0 0 KIMBERLY E SHERMAN DIRECTOR 2.00 X 0 0 0 CHARLES H SHERWOOD DIRECTOR 2.00 X 0 0 0 JOHN N SPINNEY DIRECTOR 2.00 X 0 0 0 PETER G TROVATO DIRECTOR 2.00 X 0 0 0 PATRICK J VEALE DIRECTOR 2.00 X 0 0 0 MICHAEL J WEIR DIRECTOR 2.00 X 0 0 0 JAMES R JULIAN EX-OFFICIO DIRECTOR 1.00 X 0 0 0 ANDREW P MANGELS EX-OFFICIO DIRECTOR 1.00 39.00 X 0 340051 70044 PATRICIA A PARCELLIN CHAIR 2.00 X X 0 0 0 SHAUN P FITZGERALD DIRECTOR 2.00 X 0 0 0 CHRISTINE G SAVAGE SECRETARY/CLERK 2.00 X X 0 0 0 MATTHEW O LITTLEFIELD TREASURER 2.00 X X 0 0 0 JAMES G HUNT DIRECTOR 2.00 X 0 0 0 JOHN F KENNEDY EX-OFFICIO DIRECTOR 1.00 39.00 X 0 371257 144143 MICHAEL F MALONE EX-OFFICIO DIRECTOR 1.00 39.00 X 0 429252 116973 JAVIER A REYES EX-OFFICIO DIRECTOR 1.00 39.00 X 0 295036 82870 ARWEN S DUFFY -PRESIDENT UMASS 1/1 TO 4/30; UMAF 5/1 TO 12/31 40.00 40.00 X 350063 203564 110418 SEVERINE BELTRAMO-ASST VP FINANCE UMASS 1/1 TO 5/1; UMAF 5/2 TO 12/31 40.00 40.00 X 126849 39051 19649 KIMBERLY DUMPSON-VP ADVANCEMENT UMASS 1/1 TO 4/30; UMAF 5/1 TO 12/31 40.00 40.00 X 239111 108321 72674 MATTHEW CARLYON VICE PRESIDENT, DEVELOPMENT 40.00 X 277081 0 51138 BANDITH VORASANE ASSOCIATE V.P. MARKETING & COMMUNICATIO 40.00 X 193661 0 28129 KRISTINE ELISON SENIOR EXECUTIVE DIR. OF DEVELOPMENT 40.00 X 183104 0 42627 DAVID BIANCAMANO ASSISTANT V.P., DEVELOPMENT 40.00 X 203217 0 44463 MARY-KNIGHT YOUNG SENIOR EXECUTIVE DIR. OF DEVELOPMENT 40.00 X 191953 0 34123 NICOLE HENDRIX SENIOR EXECUTIVE DIR. OF DEVELOPMENT 40.00 X 168424 0 40784 JOSEPH JAYNE SENIOR DIRECTOR, GIFT PLANNING 40.00 X 147891 0 38215 2081354 1786532 896250 25 0 1 0 ROBERT HALF 1700 W PARK DR 305 WESTBOROUGH MA 01581 PROFESSIONAL STAFFING SERVICES 322812 PEARL STREET COLLECTIVE LLC 145 CHADWICK ST NORTH ANDOVER MA 01845 PROFESSIONAL STAFFING SERVICES 231706 SHOCKINGLY DIFFERENT 4480-H SOUTH COBB DRIVE SMYRNA GA 30080 CONSULTING 186925 BARONE & ASSOCIATES LLC THREE BRODERICK DRIVE FRAMINGHAM MA 01702 CONSULTING 153958 THE STELTER COMPANY 10435 NEW YORK AVE URBANDALE IA 50322 PROFESSIONAL FUNDRAISING 125612 5 601446 13048377 1893057 13649823 CONTRACT-UMASS AMHERST 541900 19281421 19281421 19281421 871 871 3112390 3106169 6221 6221 6221 108492 601446 1191041 -1082549 -1082549 MISCELLANEOUS 900099 48 48 48 31855835 19281421 0 -1075409 11741782 11741782 1869471 232108 522364 1114999 10684868 1121920 2363370 7199578 969387 93616 238095 637676 1339856 145456 338754 855646 929861 103649 239205 587007 17614 17614 36200 36200 158553 158553 1485532 437973 1021465 26094 131360 65564 22523 43273 384322 28835 141326 214161 485806 14105 348314 123387 3354 3354 556011 36861 77086 442064 101425 10969 24654 65802 TEMPORARY LABOR 432114 65324 240815 125975 HOSPITALITY 305420 186043 17340 102037 BANK FEES 105501 56 105408 37 BOARD MEETINGS 54714 50921 3793 57914 36370 21544 31851065 14284261 5845178 11721626 2325639 1789013 48809 5671014 8355 322362 527665 2374448 8318409 1038534 1666005 37370 1335914 6615034 2374448 8318409 X 0 0 2374448 8318409 4770 -4770 0 X X 0 1 X 1 0 X 988121 13649823 14637944 1059329 173412 1232741 2047450 13823235 15870685 5564113 10306572 871 871 15871556 34927877 0.64940 0.64820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 DUE TO UMASS AMHERST 6615034 6615034 X 33280946 -4770 238840 1191041 1425111 31855835 0 31855835 33280946 238840 1191041 1429881 31851065 0 31851065 PART X, LINE 2: A TAX POSITION IS DEEMED TO INCLUDE SUCH THINGS AS THE FOUNDATION'S TAX-EXEMPT STATUS. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDED ON OR AFTER JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFY FUNDRAISING EXPENSES AGAINST REVENUE IN PART VIII OF FORM 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART III, LINE 1A: COLLECTIONS: THE FOUNDATION RECEIVED A COLLECTION OF FINE ART FROM THE UNIVERSITY OF MASSACHUSETTS AMHERST DURING THE YEAR ENDED JUNE 30, 2009. ACQUISITIONS AND DEACCESSIONS OF COLLECTION ITEMS ARE GOVERNED BY THE COLLECTION POLICY OF THE UNIVERSITY OF MASSACHUSETTS AMHERST. COLLECTION ITEMS ARE ACQUIRED BY MEANS OF TRANSFERS FROM THE UNIVERSITY OF MASSACHUSETTS AMHERST, GIFTS, BEQUESTS, PURCHASES, EXCHANGES, OR OTHER TRANSACTIONS, BY WHICH TITLE PASSES TO THE FOUNDATION. CONSISTENT WITH THE UNIVERSITY'S CAPITALIZATION POLICY GUIDELINES, COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASES, DONATIONS, OR OTHER MEANS ARE NOT CAPITALIZED. PROCEEDS FROM DEACCESSION OR INSURANCE RECOVERIES ARE REFLECTED AS INCOME BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION HOLDS A COLLECTION OF 154 PHOTOGRAPHIC ARTWORKS FROM THE ANDY WARHOL FOUNDATION ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AMHERST. THE ARTWORK IS ON DISPLAY AT THE UNIVERSITY GALLERY FOR VIEWING BY STUDENTS AND THE GENERAL PUBLIC. EUROPE 0 5 FUNDRAISING 14347 0 5 0 0 0 5 14347 0 14347 0 0 0 0 0 0 PART I, LINE 3: ACTUAL COSTS X X X X X X 1 THE STELTER COMPANY 10435 NEW YORK AVENUE DES MOINES IA 50322 PROFESSIONAL FUNDRAISER 0 0 158553 -158553 158553 -158553 MA CHANCELLOR'S INAUGURATION 581386 560746 20640 100740 164551 829440 GALA 82927 40700 42227 27493 7 45625 45625 49880 18937 709938 601446 108492 100740 214431 875870 1191041 -1082549 1 UNIVERSITY OF MASSACHUSETTS AMHERST 134 HICKS WAY AMHERST MA 01003 SECTION 115 10598741 1143041 APPRAISAL COLLECTION OF HISTORICAL BOOKS AND GLASS PLATE NEGATIVES SUPPORT UNIVERSITY PROGRAMS; CONTRIBUTE TO ART/HISTORY COLLECTION 1 PART I, LINE 2: PURSUANT TO THE ORGANIZATION'S ARTICLES OF INCORPORATION, THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION (UMAF) IS TO DISTRIBUTE ALL OF ITS RAISED FUNDS TO THE UNIVERSITY OF MASSACHUSETTS AMHERST. THE DISBURSEMENTS TO THE UNIVERSITY OF MASSACHUSETTS AMHERST ARE SUBJECT TO THE EXPENDITURE AND DISBURSEMENT POLICIES OF THE UNIVERSITY OF AMHERST. THE TWO ORGANIZATIONS ARE IN CLOSE COMMUNICATION INCLUDING INSTRUCTION AS TO DONOR INTENT AS TO USE OF FUNDS INCLUDED IN DONOR INTENT DOCUMENT. X X X X X X 0 1 0 0 0 0 0 0 0 ARWEN S DUFFY -PRESIDENT UMASS 1/1 TO 4/30; UMAF 5/1 TO 12/31 262154 149077 65479 0 22430 54487 45683 31299 15513 17923 411259 252786 0 0 MICHAEL F MALONE EX-OFFICIO DIRECTOR 0 423909 0 0 0 5343 0 70772 0 46201 0 546225 0 0 JOHN F KENNEDY EX-OFFICIO DIRECTOR 0 370350 0 0 0 907 0 98194 0 45949 0 515400 0 0 KIMBERLY DUMPSON-VP ADVANCEMENT UMASS 1/1 TO 4/30; UMAF 5/1 TO 12/31 214111 100481 25000 0 0 7840 24077 21096 9694 17807 272882 147224 0 0 ANDREW P MANGELS EX-OFFICIO DIRECTOR 0 337620 0 0 0 2431 0 56366 0 13678 0 410095 0 0 JAVIER A REYES EX-OFFICIO DIRECTOR 0 258462 0 0 0 36574 0 65113 0 17757 0 377906 0 0 MATTHEW CARLYON VICE PRESIDENT, DEVELOPMENT 277081 0 0 0 0 0 28286 0 22852 0 328219 0 0 0 DAVID BIANCAMANO ASSISTANT V.P., DEVELOPMENT 193217 0 10000 0 0 0 21779 0 22684 0 247680 0 0 0 MARY-KNIGHT YOUNG SENIOR EXECUTIVE DIR. OF DEVELOPMENT 191953 0 0 0 0 0 19729 0 14394 0 226076 0 0 0 KRISTINE ELISON SENIOR EXECUTIVE DIR. OF DEVELOPMENT 183104 0 0 0 0 0 19148 0 23479 0 225731 0 0 0 BANDITH VORASANE ASSOCIATE V.P. MARKETING & COMMUNICA 193661 0 0 0 0 0 19542 0 8587 0 221790 0 0 0 NICOLE HENDRIX SENIOR EXECUTIVE DIR. OF DEVELOPMENT 168424 0 0 0 0 0 18129 0 22655 0 209208 0 0 0 JOSEPH JAYNE SENIOR DIRECTOR, GIFT PLANNING 147891 0 0 0 0 0 15300 0 22915 0 186106 0 0 0 SEVERINE BELTRAMO-ASST VP FINANCE UMASS 1/1 TO 5/1; UMAF 5/2 TO 12/31 95404 31429 11600 0 19845 7622 12721 5247 1673 8 141243 44306 0 0 PART I, LINE 4B THE ORGANIZATION HAS A NON-QUALIFIED DEFERRED COMPENSATION AGREEMENT WITH TWO OF ITS OFFICERS, ARWEN DUFFY AND KIMBERLY DUMPSON. TOTAL ANNUAL CONTRIBUTIONS UNDER THIS AGREEMENT FOR THE YEAR ENDED JUNE 20, 2024 AMOUNTED TO $35,800. X 9 1050165 APPRAISAL X 78672 APPRAISAL X 444531 NASDAQ MARKET QUOTATIONS X LIFE INSURANCE POLICY 1 288320 CASH SURRENDER VALUE X BUILDING SUPPLIES 3 17165 ESTIMATED COST X ART SUPPLY COLLECTION 1 14204 ESTIMATED COST 1 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS ON LINE 1 OF SCHEDULE M IS BASED ON NUMBER OF DONORS NOT ON NUMBER OF WORKS OF ART CONTRIBUTED. SCHEDULE M, PART II, LINE 31 THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION, INC. FUNDRAISES ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AMHERST. THE FOUNDATION FOLLOWS THE UNIVERSITY'S GIFT ACCEPTANCE POLICY AS NONCASH CONTRIBUTIONS ARE EITHER CONTRIBUTED TO OR HELD ON BEHALF OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 1A THE MEMBERS OF THE EXECUTIVE COMMITTEE CAN ACT ON BEHALF OF THE BOARD MEMBERS IN BETWEEN MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION (UMAF) IS PROVIDED AN INITIAL DRAFT OF THE FORM 990 BASED ON INFORMATION PREPARED AND COMPILED BY THE UMAF FINANCE STAFF. IT IS INITIALLY REVIEWED BY THE CONTROLLER AND ASSISTANT VICE PRESIDENT OF FINANCE WHO WORK WITH ITS TAX ADVISORS TO DISCUSS AND MAKE REVISIONS TO THE DRAFT RETURN. ONCE THE CONTROLLER AND ASSISTANT VP OF FINANCE HAVE APPROVED THE REVISIONS, THE FOUNDATION'S TAX ADVISORS PROVIDE A FINAL DRAFT FOR PRESENTATION TO THE UMAF FINANCE AND AUDIT COMMITTEE FOR REVIEW. AFTER THE FINANCE & AUDIT COMMITTEE REVIEW IS COMPLETED, THE FORM 990 IS THEN RECOMMENDED FOR APPROVAL TO THE BOARD. A COPY OF THE 990 IS DISTRIBUTED TO THE ENTIRE UMAF BOARD OF DIRECTORS FOR APPROVAL PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SUBMIT A SIGNED, COMPLETED CONFLICT OF INTEREST POLICY ELECTRONICALLY EVERY YEAR. THE CONFLICT OF INTEREST POLICY IS REVIEWED, DISCUSSED, AND SIGNED OFF ON ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD MEMBER WITH A CONFLICT MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE RESPECTIVE TRANSACTION OR ARRANGEMENT THAT GAVE RISE TO THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE MOST RECENT COMPENSATION REVIEW FOR TOP MANAGEMENT WAS CONDUCTED ON JULY 22, 2024 BY THE COMPENSATION COMMITTEE OF THE UMASS AMHERST FOUNDATION BOARD. THE PROCEDURES USED TO DETERMINE COMPENSATION INCLUDE: CONDUCTING A BENCHMARKING ANALYSIS USING EXTERNAL DATA FROM COMPARABLE ORGANIZATIONS TO UNDERSTAND COMPETITIVE POSITIONING AGAINST RELEVANT MARKET DATA. CONSULTING THIRD-PARTY COMPENSATION STUDIES TO ENSURE COMPETITIVENESS WITHIN THE INDUSTRY AND GEOGRAPHIC REGION. REVIEW AND APPROVAL OF COMPENSATION PACKAGES BY THE COMPENSATION COMMITTEE OF THE UMASS AMHERST FOUNDATION BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. PART VI, LINE 1A: PURSUANT TO THE ORGANIZATION'S BYLAWS, THE ORGANIZATION DELEGATED BROAD CONTROL TO AN EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN REGULAR MEETINGS. PART VII, SECTION A: ARWEN S. DUFFY AND KIMBERLY DUMPSON WERE FULL TIME EMPLOYEES OF THE UNIVERSITY OF MASSACHUSETTS AMHERST PERFORMING WORK ON BEHALF OF THE UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION, INC. (UMAF) FROM 1/1/23 THROUGH 4/30/23. THEREAFTER THEY BECAME EMPLOYEES OF UMAF. SEVERINE BELTRAMO WAS A FULL-TIME EMPLOYEE OF THE UNIVERSITY OF MASSACHUSETTS AMHERST PERFORMING WORK ON BEHALF OF UMAF FROM 1/1/23 THROUGH 5/1/23, AFTER WHICH SHE BECAME AN EMPLOYEE OF UMAF. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCE AND AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THESE PROCESSES HAVE NOT CHANGED DURING THE TAX YEAR. UNIVERSITY OF MASSACHUSETTS AMHERST 134 HICKS WAY AMHERST MA 01003 HIGHER EDUCATION MA SECTION 115 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 UNIVERSITY OF MASSACHUSETTS AT AMHERST B 10598741 CASH/WIRE TRANSFER UNIVERSITY OF MASSACHUSETTS AT AMHERST B 1143041 APPRAISAL FOR NONCASH UNIVERSITY OF MASSACHUSETTS AT AMHERST D 6615034 GRANTS PAYABLE UNIVERSITY OF MASSACHUSETTS AT AMHERST N 173412 FMV OF SHARED FACILITIES UNIVERSITY OF MASSACHUSETTS AT AMHERST L 19281421 FUNDRAISING SERVICE CONTRACT