2025-05-05T16:31:04+00:00 2024-06-30 346565596 ERNST & YOUNG US LLP 221 EAST 4TH STREET CINCINNATI OH 45202 990 2023-07-01 376006007 University of Illinois Foundation UNIV 2173330810 303 ST MARYS ROAD CHAMPAIGN IL 61820 James H Moore Jr PRESIDENT & CEO 2025-05-05 true Julie L Sparks P01268401 5136121400 2025-05-05 2023 2025-03-06 01:10:19Z University of Illinois Foundation James H Moore Jr 303 ST MARYS ROAD CHAMPAIGN IL 61820 1793118190 false X www.uif.uillinois.edu X 1935 IL The University of Illinois Foundation's corporate mission is to advance the interests and welfare of the University of Illinois. As stated in its Articles of Incorporation, the role of the Foundation is procuring private support on behalf of the University. The Foundation functions as the independent official fundraising and private gift-receiving organization for the University of Illinois. The Foundation works hand-in-hand with the President of the University of Illinois System and the Chancellor for each university to identify strategic private support priorities, create suitable fundraising strategies and tactics, and implement and evaluate appropriate development programs. In its role of developing private gifts, the Foundation leads the effort to plan and mount special fundraising initiatives, as well as annual giving programs and major capital campaigns, working in collaboration with a network of University development professionals. 22 22 195 934 27250071 5622093 258378863 314244685 9802498 8585409 161158110 334715722 20922918 13747847 450262389 671293663 269256903 272892061 0 31448880 35493939 92850 218463 21653976 33748501 39220599 334547134 347825062 115715255 323468601 3328275874 3593401616 125846987 103790788 3202428887 3489610828 The Foundation, a 501(c)(3) charitable organization, is an independent and separate nonprofit entity from the University of Illinois. Our mission is to encourage and administer private gifts and serve the UI System by working closely with alumni, faculty, corporations, foundations, and development staff to create fundraising programs and opportunities that benefit the University of Illinois. false false 272892061 272892061 329798907 The University of Illinois Foundation makes distributions to the University of Illinois which uses these distributions in accordance with donor intent for many purposes, including student support, faculty support, and research. 272892061 true true false false false false false false true true true false false true true true false false true true false false true false false false true true true false false false false false false false false true true false false true true true true false false true X 368 0 true 195 true true true true HU IC ID IS JA KS MY MX PL RS TU UK BR CA CJ CH CO EZ DA GR false false true true true true true 2 false false false true false X 22 22 false false true false true true false true true false false true true true true true true true true true true CA HI IL KY MD MA MI MN NH NY OR SC UT WV WI X X CHRISTINE C DEVOCELLE 2173330810 303 ST MARYS ROAD CHAMPAIGN IL 61820 Anthony G DiTommaso Immediate Past Chair of the Board 2.0 X X 0 0 0 Karen M Golz Chair-Elect 2.0 X X 0 0 0 Richard C Osborne Chair of the Board 2.0 X X 0 0 0 A Helen McGrath Director 2.0 X 0 0 0 Alan D Feldman Director 2.0 X 0 0 0 Alejandra Garza Director 2.0 X 0 0 0 Beth Georgia Gies Director 2.0 X 0 0 0 Cynthia M Helle Director 2.0 X 0 0 0 Deborah A Paul Director 2.0 X 0 0 0 Donald E Bielinski Director 2.0 X 0 0 0 Jean M Manning Director 2.0 X 0 0 0 Jose L Santillan Director - end Oct '23 2.0 X 0 0 0 Julie A Kellner Director - Begin Oct '23 2.0 X 0 0 0 Kay M Schwichtenberg Director 2.0 X 0 0 0 Khawar M Siddique Director 2.0 X 0 0 0 Laura L Fraley Director 2.0 X 0 0 0 Leon J Loichle Director - end Oct '23 2.0 X 0 0 0 Mark D Coe Director 2.0 X 0 0 0 Mary Ellen Penicook Director 2.0 X 0 0 0 Mary Kay Haben Director - end Oct '23 2.0 X 0 0 0 Paul T Tucker Director 2.0 X 0 0 0 Sam Mendenhall Director - end Oct '23 2.0 X 0 0 0 Saul J Morse Director 2.0 X 0 0 0 Shakeeb Alam Director 2.0 X 0 0 0 Stuart L Levenick Director 2.0 X 0 0 0 William D Forsyth Director - Begin Oct '23 2.0 X 0 0 0 Christine C Devocelle Treasurer & COO 40.0 X 400139 0 56922 Jacquline N Schweighart Assistant Secretary 40.0 X 237379 0 63127 James H Moore Jr President & CEO 40.0 X 746211 0 56195 Jennifer F Cerasa Secretary & General Counsel 40.0 X 245398 0 53489 Kelly L Bennett Assistant Treasurer 40.0 X 150371 0 52286 Michelle S Bolger Assistant Treasurer 40.0 X 196424 0 58530 Travis W Shore Chief Investment Officer 40.0 X 1093184 0 58369 Frank Robinson Managing Director 40.0 X 744000 0 54693 Jaime N Davis Senior Director 40.0 X 255973 0 102717 Jeremy Heer Managing Director - Begin Feb '23 40.0 X 554266 0 51182 Matthew McGanity Managing Director 40.0 X 746871 0 45280 Michael A Davis Chief Technology Officer 40.0 X 202284 0 48745 Brooke Weisenbeck Sr. Vice President 40.0 X 218965 0 59447 Edward F Ewald Executive Advisor 20.0 X 216829 0 60190 Kristie DeKoker VC Health Affairs 40.0 X 352470 0 45852 Margaret A Cline Vice President 40.0 X 209768 0 60580 Richard H Darnell Jr Senior Vice President 40.0 X 206417 0 48946 6776949 0 976550 49 false true false Berglund Construction Company 8410 S South Chicago Avenue Chicago IL 60617 Design-Build/General Construction 2485561 Wight Construction Services Inc 2500 North Frontage Road Darien IL 60561 General Construction 694296 Collegiate Peaks Asset Management LLC 201 Milwaukee St 200 Denver CO 80206 Investment Management 560599 Dorsey Asset Management LLC 150 N Wacker Drive Suite 960 Chicago IL 60606 Investment Management 542064 Kestrel Partners LLP 3 Robert Street London WC2N UK 6BH Investment Management 488738 16 16400 314228285 40388366 314244685 University Contract & Budget 813211 8361746 8361746 Annual Funds 813211 223663 223663 0 0 0 0 8585409 47493334 20243263 27250071 1857383 430669 1426714 0 1426714 1426714 1407512749 1103497 1120204243 1189615 287308506 -86118 287222388 287222388 Athletic Receipts 813211 9144805 9144805 Non-Gift Revenue (Sales, Auctions 813211 3148468 3148468 27860 27860 0 0 12321133 671293663 329798907 27250071 0 272871061 272871061 21000 21000 6442803 5663729 779074 21906538 8616329 13290209 1492465 869838 622627 4467140 2558778 1908362 1184993 769051 415942 170496 170496 534638 534638 218463 218463 22825259 22825259 2931443 0 2122458 808985 134741 134741 1262859 1088493 174366 2043102 1764141 278961 2718917 2688246 30671 1432442 407242 1025200 1647873 194793 1453080 667655 667655 1143408 1143408 55821 55821 Online research tools 410469 223213 187256 Marketing & communicati 191601 73535 118066 Membership & dues 234325 47516 186809 UBI Tax 760411 760411 55139 0 33975 21164 347825062 272892061 53279025 21653976 7320709 7878433 235000000 207000000 77701595 14513370 0 0 0 0 55518 49589 2213711 2382417 212451068 9744621 179535309 202706447 644069237 1127837248 2104599024 1950240614 0 77780771 80793498 3328275874 3593401616 76847983 23388209 0 0 10198764 28204535 38800240 52198044 125846987 103790788 X 82166505 89492396 3120262382 3400118432 3202428887 3489610828 3328275874 3593401616 X 323468601 -20983749 -15302911 X false true X true false X 270511499 258352097 259134775 258378863 314244685 1360621919 0 0 270511499 258352097 259134775 258378863 314244685 1360621919 120227265 1240394654 16229326 19693179 21994579 25459980 49350717 132727781 0 0 0 0 0 0 0 1493349700 117537735 0.8306 0.794 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2768594320 160181809 200017491 1486783 56279475 3071027362 2573230510 97853842 151429041 1504606 52414467 2768594320 2766168250 92809764 -240112903 1612344 44022257 2573230510 2112155909 105262836 598310179 4376184 45184490 2766168250 2141968910 93453184 -76212587 2668976 44384622 2112155909 0.1662 0.8221 0.0117 true true true 122141443 122141443 1554444 78165553 662054 79057943 40252 32202 8050 10549376 9050365 1499011 202706447 Investments - other securities Closely held equity interests 694845896 F Alternative investments non-exchange traded 1120198344 F Real estate trusts & partnerships 116644160 F Private equity at cost 18552110 C Other investments 104 F 1950240614 Other liabilities Annuities payable 50549782 Remainder interest due to others 1648262 52198044 X 622399886 -20983750 1920979 0 -19062771 641462657 29831006 0 29831006 671293663 335217945 1920979 15302910 17223889 317994056 29831006 0 29831006 347825062 Schedule D, Part XI, Line 2(d) Other Adjustments: Actuarial adjustment Schedule D, Part V, Line 4 Intended uses of endowment funds The University of Illinois Foundation's endowment funds are intended for use by the University of Illinois. When each endowment fund is established it is set up with a purpose code based on donor intent. Examples of these codes include scholarships, professorships, research, facilities, etc. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Management has evaluated its material tax positions, which include such matters as the tax exempt status of each entity and various positions relative to potential sources of UBI. As of June 30, 2024, there were no uncertain tax benefits identified and recorded as a liability. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 - Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Actuarial Adjustment - 15302910 East Asia and the Pacific 0 0 Fundraising 158466 Europe (Including Iceland and Greenland) 0 1 Fundraising 153222 Middle East and North Africa 0 0 Fundraising 2551 South America 0 0 Fundraising 7764 South Asia 0 0 Fundraising 51098 East Asia and the Pacific 0 0 Investment oversight 50591 Europe (Including Iceland and Greenland) 0 0 Investment oversight 37259 North America (Canada & Mexico only) 0 0 Investment oversight 2368 South America 0 0 Investment oversight 12961 Central America and the Caribbean 0 0 Legal domicile of endowment investments 627724230 East Asia and the Pacific 0 0 Legal domicile of endowment investments 4499173 Europe (Including Iceland and Greenland) 0 0 Legal domicile of endowment investments 84908057 Middle East and North Africa 0 0 Legal domicile of endowment investments 13152162 North America (Canada & Mexico only) 0 0 Legal domicile of endowment investments 8462397 Sub-Saharan Africa 0 0 Legal domicile of endowment investments 1066176 0 1 0 0 0 1 740288475 0 740288475 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Other:book value of investments; EAST ASIA AND THE PACIFIC-Accrual,Other:book value of investments; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual,Other:book value of investments; MIDDLE EAST AND NORTH AFRICA-Accrual,Other:book value of investments; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual,Other:book value of investments; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Other:book value of investments X X X X X true Marts & Lundy 160 Chubb Avenue Suite 303 Lyndhurst NJ 07071 Fundraising Counsel false 0 218463 -218463 0 218463 -218463 CA CO CT DE DC FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SC SD TN TX UT VT VA AR WA WV WI WY Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses MARTS & LUNDY-THE FIRM WAS ENGAGED TO PROVIDE FUNDRAISING COUNSEL INCLUDING SIZING, FEASIBILITY, DONOR CAPACITY, DONOR PERCEPTIONS AND MOTIVATIONS, GOAL SETTING, ETC.; false University of Illinois 506 S Wright St Urbana IL 61801 376000511 501(c)3 266594758 5299179 FMV/Appraisal Artwork, Books, Equipment, and Other Similar Items Support for the University of Illinois University of Illinois Alumni Association 601 S Lincoln Avenue Urbana IL 61801 376006004 501(c)3 640390 Support on behalf of the University of Illinois Orthopterist's Society 2417 Fields South Drive Champaign IL 61822 382214605 501(c)3 253000 Support on behalf of the University of Illinois Parkland College Foundation 2400 W Bradley Ave Champaign IL 61821 237025130 501(c)3 45316 Support on behalf of the University of Illinois 4 0 Fellowship 2 21000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The University of Illinois Foundation does not administer the other assistance. The funds are transferred to the University of Illinois or organizations on their behalf which administer the funds. X X X true true X X X X X X false false false false false false false true false James H Moore Jr President & CEO 635961 0 110250 0 0 0 24130 0 32065 0 802406 0 0 0 Travis W Shore Chief Investment Officer 593184 0 500000 0 0 0 24130 0 34239 0 1151553 0 0 0 Christine C Devocelle Treasurer & COO 333246 0 59137 0 7756 0 24130 0 32792 0 457061 0 0 0 Jacquline N Schweighart Assistant Secretary 228193 0 0 0 9186 0 30335 0 32792 0 300506 0 0 0 Michelle S Bolger Assistant Treasurer 196424 0 0 0 0 0 25738 0 32792 0 254954 0 0 0 Jennifer F Cerasa Secretary & General Counsel 245398 0 0 0 0 0 20584 0 32905 0 298887 0 0 0 Kelly L Bennett Assistant Treasurer 147851 0 2520 0 0 0 19458 0 32828 0 202657 0 0 0 Jaime N Davis Senior Director 239558 0 16415 0 0 0 70523 0 32194 0 358690 0 6415 0 Michael A Davis Chief Technology Officer 202284 0 0 0 0 0 16551 0 32194 0 251029 0 0 0 Matthew McGanity Managing Director 371871 0 375000 0 0 0 25764 0 19516 0 792151 0 0 0 Frank Robinson Managing Director 369000 0 375000 0 0 0 24130 0 30563 0 798693 0 0 0 Jeremy Heer Managing Director - Begin Feb '23 254266 0 300000 0 0 0 24038 0 27144 0 605448 0 0 0 Edward F Ewald Executive Advisor 183829 0 33000 0 0 0 33352 0 26838 0 277019 0 0 0 Richard H Darnell Jr Senior Vice President 206417 0 0 0 0 0 16154 0 32792 0 255363 0 0 0 Margaret A Cline Vice President 209768 0 0 0 0 0 27788 0 32792 0 270348 0 0 0 Kristie DeKoker VC Health Affairs 330189 0 0 0 22281 0 27671 0 18181 0 398322 0 0 0 Brooke Weisenbeck Sr. Vice President 218965 0 0 0 0 0 20686 0 38761 0 278412 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel First-class travel: Travis Shore - business purpose - not treated as taxable compensation Schedule J, Part I, Line 1a Travel for companions Travel for companions: James H. Moore, Jr. - to assist with business purpose of trip - not treated as taxable compensation Schedule J, Part I, Line 1a Health or social club dues or initiation fees Social Club Dues: James H. Moore, Jr. - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Christine C. Devocelle - % of personal use treated as taxable compensation Jacquline Schweighart - % of personal use treated as taxable compensation Schedule J, Part I, Line 7 Non-fixed payments Jaime Davis received a portion of compensation based on qualitative and quantitative performance goals that require a level of discretion by management. Schedule J, Part III The Vice Chancellors for Institutional Advancement at each university within the University of Illinois system (Chicago, Springfield, and Urbana-Champaign) share a reporting line to the Chancellor at each university as well as the University of Illinois Foundation President. They provide services similar to University of Illinois Foundation key employees, however they are paid directly by the University of Illinois which is not a related organization per IRS definition. The University of Illinois Foundation's compensation subcommittee does review the compensation of the Vice Chancellors. X 69 1186290 Market value X 15474 Market value X 277 63365407 Market value X 2 1270000 Market value X Equipment 38 2694824 Market value X Other 252 1092713 Market value 409 false false true Schedule M, Part I, Line 33 The values reported on Schedule M vary from the non-cash contributions reported on Form 990 Part VIII line G due to the changes in pledges receivable and deferred/trust gifts. The contribution revenue for a pledge and irrevocable deferred/trust gift is recorded in the year the documentation is executed. In the year the pledge or deferred gift is realized, the contribution will show up in the Schedule M only if it was fulfilled with a non-cash item (i.e. securities) but will be offset with a reduction in pledges receivable or actuarial adjustment revenue, which is not displayed on Schedule M. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions The Foundation engages 3rd parties to sell non-cash contributions when applicable. We use the services of real estate agents to sell gifts of property and brokerage firms to sell securities gifts. Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - Numbers represent the number of contributions Books and publications - Numbers represent the number of contributions Securities - Publicly traded - Numbers represent the number of contributions Real estate - Other - Numbers represent the number of contributions Other - Equipment Numbers represent the number of contributions Other - Other Numbers represent the number of contributions Form 990, Part VI, Line 1a Delegate broad authority to a committee Standing Committees: Appointments to standing committees shall be made by the LDC and approved by Board of Directors in accordance with Article IV, Section 11 herein. There shall be at least five Governing Directors on each standing committee, unless otherwise set forth below. In addition, a majority of the membership of each standing committee shall be comprised of Governing Directors. Each Governing Director shall have a vote and count toward a quorum on standing committees. Unless otherwise provided by resolution of the Board of Directors, a majority of the Governing Directors comprising a standing committee shall constitute a quorum, and the act of a majority of the Governing Directors comprising a standing committee shall be an act of the committee. The standing committees may meet through virtual attendance or other communication equipment by means of which all committee members participating in the meeting can communicate with each other. An Executive Committee which shall have and exercise all of the powers of the Board of Directors while the Board of Directors is not in meeting, subject to any statutory, Bylaws, or Board-imposed limitations on the Committee's action. A written report of the action taken by the Executive Committee shall be made at the next meeting of the Board of Directors. Form 990, Part VI, Line 4 Significant changes to organizational documents Article II * Only one class of members, Foundation Members. Removed reference to Honorary Members and Foundation Life Members. Article III * Location of any special meeting set by authority calling the special meeting. * Method of sending notice of meetings now includes electronic means. * Timeframe to send notice is now not less than 20, not more than 30 days. Article IV * Leave of absence of Governing Director may include temporary suspension of the accrual of the Governing Director's term. * Governing Director may resign by providing written notice to Board of Directors, Chair of the Board of Directors, President of the Foundation, or the Secretary. * All Committees are now classified as "standing committees" to avoid duplication and create consistency. Term limits, membership, etc., are addressed in respective Committee charters. * Committees may meet through virtual attendance or other means by which all members can participate. * Leadership Development Committee shall recommend appointments of Governing Directors to the various standing committees, as well as extensions of committee term limit as circumstances warrant. * All Committees shall have at least 5 Governing Directors as members, except the Leadership Development Committee, which shall have 4. * President of University will also be an ex officio members of Compensation Subcommittee. Article V * Chair-Elect shall be elected at least one year prior to the expiration of the term of the current Chair. * Contracts shall be executed by Chair of the Board of Directors or the President and attested by the Secretary or Assistant Secretary. * Additional signing authority may be granted by the Board of Directors via written resolution. * President authorized to carry out the day-to-day operations and management decisions of the Foundation. * Signature authority now controlled by resolution. Article VII * Notice of any proposed amendments given at least 10 days before any vote on such amendments. Article X * Indemnification of Directors and Officers now includes attorneys fees, and includes limitations of self-insurance plan contracted with University. Form 990, Part VI, Line 6 Classes of members or stockholders Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy and involvement. Foundation Members shall be elected by the Board of Directors as hereinafter provided. Foundation Members shall be encouraged to attend the Foundation's annual meeting and shall be eligible to serve on Board committees without voting privileges and without counting toward a quorum. The Membership and Governance Committee shall at least annually report to the Chair of the Board of Directors of the Foundation the names of its nominees to be Foundation Members. Foundation Members shall be elected by majority vote of the Board of Directors. No person shall be eligible for election for membership until he or she has been nominated according to the process outlined above. Each Foundation Member shall be entitled to one vote on any matter submitted to a vote of the members or required by law to be voted on by the members. Each Foundation Member shall serve until such individual resigns or is removed as a member by majority vote of the Board of Directors for any reason. In addition, any Foundation Member who fails to meet the requirements of membership as outlined by the Foundation Membership Program, as it may exist and be amended from time to time, is deemed to have resigned as a Foundation Member, absent good cause shown and approved by a majority vote of the Board of Directors. For good cause to be shown, the Membership and Governance Committee shall first review the matter and make a recommendation to the Board of Directors as to whether good cause has been shown. Any Foundation Member may resign by filing a written resignation with the Secretary. Membership in the Foundation is not transferable or assignable. Members have no rights to receive distributions of income or assets from the organization. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Election of Governing Directors: The Board of Directors shall meet at least annually to elect Governing Directors, each of whom shall serve for a term of three (3) years. No Governing Director shall serve more than four (4) three-year terms. Notwithstanding the foregoing, a Governing Director's term shall be extended by the Board of Directors for an appropriate period beyond four (4) three-year terms if the Governing Director is serving as the Board Chair, Board Chair-Elect, or Immediate Past Board Chair at the time their term would otherwise expire. In addition, the Board of Directors may, in special circumstances, by majority vote permit Governing Directors to have a leave of absence which may include temporary suspension of the accrual of their term. The Membership and Governance Committee shall nominate persons for election to the Board of Directors as Governing Directors. Nominees are not required to be members of the Foundation and shall be presented by the Membership and Governance Committee to the Board of Directors prior to the Board meeting at which the nominees will be considered for election as Governing Directors. The Membership and Governance Committee shall also evaluate Governing Directors whose three-year terms have expired, and provide orientation for new Governing Directors. Form 990, Part VI, Line 11b Review of form 990 by governing body The form is sent to accounting firm Ernst & Young for their review of the information. After review, the information is shared with the Board of Directors and the form is reviewed and discussed in detail with the Audit Committee of the Board of Directors. After this review, Ernst & Young signs as paid preparer and the form is filed. Form 990, Part VI, Line 12c Conflict of interest policy The Foundation adopted and abides by a conflicts of interest policy to protect the Foundation's interest when it is contemplating entering into a transaction, arrangement, or operating practice that might benefit the private interest of a director as defined in the bylaws, or an officer, member of a Board of Directors committee, or key employee of the Foundation. The conflicts of interest policy is intended to supplement, but not replace any applicable state and federal laws governing conflicts of interest applicable to nonprofit and tax-exempt organizations. The conflict of interest disclosure form is sent out each year to every member of the Board of Directors, including officers, Board committee members, and key employees. After the forms are completed, any reported items are summarized by the General Counsel and sent to every member of the Audit Committee for review. The members of the Audit Committee determine if any conflicts exist. Any questions or further research required is done by legal counsel who reviews the summary sent to the Audit Committee and then confers with the Audit Committee chair. A summary of the review and its conclusions is then given at the next Audit Committee meeting. Directors or Officers who have declared a conflict of interest, or who have been found to have a conflict of interest, shall refrain from participating in consideration of proposed transactions unless the Board or Foundation President requests information or interpretation for special reasons. Should a conflict of interest matter require an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Compensation Sub-committee (committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation, to make recommendations to be approved by the committee for compensation packages of any disqualified person except him/herself. The committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President/CEO, Senior Vice President(s), employed Secretary and Assistant Secretaries, Treasurer, Chief Investment Officer, Controller, employed Assistant Treasurer(s), and any person who manages a discreet segment or activity of the organization that represents a substantial portion of the activities, assets, income, or expenses of the organization. This process in undertaken for each position on an annual basis. Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy, and financial statements are made available to the public by accessing our website or upon request. Form 990, Part VII, Section B, Line 1 Independent Contractors The compensation amounts listed for firms Berglund Construction Company and Wight Construction Services, Inc. include expense reimbursements and materials cost. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Revenue - Total Revenue: 27860, Related or Exempt Function Revenue: 27860, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Actuarial adjustment - -15302911; Form 990, Part VI, Section A, line 1a: The Board of Directors shall elect from its own body an Executive Committee of five (5) or more Governing Directors which shall have and exercise all of the powers of the Board of Directors while the Board of Directors is not in meeting. The Chair of the Board of Directors shall serve as chair and shall be an ex officio voting member of the Executive Committee and count toward a quorum. The Immediate Past Board Chair and the Chair-Elect of the Board shall be ex officio voting members of the Executive Committee and count toward a quorum. The Chair-Elect of the Board shall serve as vice-chair of the Executive Committee. The President of the Foundation shall be an ex officio non-voting member of the Executive Committee and shall not count toward a quorum. Unless otherwise provided by resolution of the Board of Directors, a majority of the voting members of the Executive Committee shall constitute a quorum, and the act of a majority of the voting members of the Executive Committee shall be the act of the Executive Committee. Each member of the Executive Committee shall continue as such until a successor is appointed, unless such member shall be sooner removed from such Executive Committee, or unless such member shall cease to qualify as a member thereof. The Board of Directors may appoint Life Directors to the Executive Committee without a vote and without counting toward a quorum. However, the majority of the membership of the Executive Committee shall always be comprised of Governing Directors. The Executive Committee may meet through the use of a conference telephone or other communication equipment by means of which all Committee members participating in the meeting can communicate with each other. Action taken by the Executive Committee shall be made a matter of record and the Secretary of the Foundation shall serve ex officio as Secretary of the Executive Committee. A written report of the action taken by the Executive Committee shall be made at the next meeting of the Board of Directors. Form 990, Part I, Line 6 This number represents the number of Foundation Members. Foundation Members have an ongoing engagement with the University characterized by extraordinary financial support, advocacy, and involvement. University of Illinois Foundation UK Limited To provide support for education and the University of Illinois UK 16400 6500 University of Illinois Foundation UIF Plymouth Court LLC 303 St Marys Road Champaign IL 61820 To provide support for education and the University of Illinois IL 32800000 University of Illinois Foundation Margaret Bloom Trust 1045000013 PO Box 260 Champaign IL 61824 376224584 To provide scholarships for the University of Illinois IL 501(c)(3) Type III-FI University of Illinois Foundation true Leiby S Hall Scholarship Trust PO Box 1488 Decatur IL 62525 376357798 To provide undergraduate scholarships IL 501(c)(3) Type III-FI University of Illinois Foundation true Mary Ellen Defenbaugh Charitable Trust PO Box 529 Mattoon IL 61938 371410645 To provide scholarships for the University of Illinois Medical School IL 501(c)(3) Type III-FI University of Illinois Foundation true Justine O Saelhof & Clarence C Saelhof Foundation PO Box 653067 Dallas TX 75265 366813867 To provide support to the University of Illinois IL 501(c)(3) PF University of Illinois Foundation true The Academy on Capitalism and Limited Government Foundation 907 W Marketview Dr Ste 10-331 Champaign IL 61822 943463771 To support scholarly research and teaching IL 501(c)(3) 7 University of Illinois Foundation true Number Theory Foundation HB-6188 Mathematics Department Dartmouth C Hanover NJ 03755 742913961 To promote research and sponsor conference attendance IL 501(c)(3) Type I University of Illinois Foundation true ECRU Corporation 303 St Marys Road Champaign IL 61820 621019111 Investment & Leasing IL University of Illinois Foundation C Corporation 25437 679285 false Herman J Adelmann Univ of IL Medical School Trust R64207005 10 S Dearborn Chicago IL 60603 366404161 Hold investments for which the income benefits Univ of IL IL N/A Trust 84529 3368782 false WM & Isabella Kane Mem Scholarship TR PO Box 653067 Dallas TX 75265 366230865 Hold investments for which the income benefits Univ of IL IL N/A Trust 12788 581344 false false true true false false false false false false false false false false false false false false false true University of Illinois Foundation UK Limited B 52686 Fair value Margaret Bloom Trust 1045000013 S 496991 Investment returns Leiby S Hall Scholarship Trust S 345853 Investment returns Justine O Saelhof & Clarence C Saelhof Foundation S 196250 Investment returns Herman J Adelmann Univ of Illinois Medical School Trust R64207005 S 135788 Investment returns