2026-03-20T15:54:30-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 600 WASHINGTON AVENUE SUITE 1800 ST LOUIS MO 63101 990 2024-07-01 237394620 UNIVERSITY OF ALASKA FOUNDATION UNIV 9077861111 1815 BRAGAW STREET 206 ANCHORAGE AK 99508 TLISA NORTHCUTT PRESIDENT 9077861111 2026-05-15 1 1 STEPHANIE MCCARTHY P01805699 3149254300 2026-03-09 2024 2025-03-06 01:10:19Z TLISA NORTHCUTT 1815 BRAGAW STREET 206 ANCHORAGE AK 99508 190876732 0 X WWW.ALASKA.EDU/FOUNDATION X 1974 AK SEEK, SECURE, AND STEWARD PHILANTHROPIC SUPPORT TO BUILD EXCELLENCE AT UNIVERSITY OF ALASKA. 26 21 0 26 358966 59275 21902113 23266465 0 0 1259583 16181751 -49109 -41443 23112587 39406773 32480445 26571515 0 0 4075809 4556461 170026 199858 5029595 3333033 3642774 40059313 34970608 -16946726 4436165 571219798 609537299 186838858 197926616 384380940 411610683 THE UNIVERSITY OF ALASKA FOUNDATION SEEKS, SECURES, AND STEWARDS PHILANTHROPIC SUPPORT IN PARTNERSHIP WITH THE UNIVERSITY OF ALASKA SYSTEM TO HELP SHAPE ALASKA'S FUTURE. 0 0 14096147 14096147 0 ACADEMIC PROGRAM SUPPORT: THE FOUNDATION ACCEPTS, MANAGES, AND ACTS AS FIDUCIARY FOR ALL MONETARY GIFTS RECEIVED ON BEHALF OF THE UNIVERSITY OF ALASKA (UA). OVER 50% OF PROGRAM EXPENSES GO TO SUPPORT ACADEMIC SERVICES, FACILITIES, AND RELATED INFRASTRUCTURE ACROSS THE UA SYSTEM. 6780505 6780505 0 STUDENT FINANCIAL AID: THE FOUNDATION RECEIVES MONETARY CONTRIBUTIONS FROM DONORS FOR THE BENEFIT OF THE UNIVERSITY OF ALASKA STUDENTS. SCHOLARSHIPS ARE AVAILABLE TO STUDENTS BASED ON MERIT, FINANCIAL NEED, OUTSTANDING ACHIEVEMENT IN SPECIALIZED FIELDS, OR ANY COMBINATION OF THESE CRITERIA. IN FY25, THE FOUNDATION AWARDED 3,673 SCHOLARSHIPS TO 2,366 STUDENTS. 5694863 5694863 0 STUDENT & PUBLIC SUPPORT: THE FOUNDATION ADMINISTERS CHARITABLE GIFTS INTENDED BY DONORS TO ENHANCE STUDENT LIFE, COMMUNITY ENGAGEMENT, AND PUBLIC LEARNING. THESE INCLUDE UA ATHLETICS, RADIO/TV STATIONS, LIBRARY, MUSEUM, AND COOPERATIVE EXTENSION SERVICES AMONG OTHERS. SUPPORT IS ACCOMPLISHED THROUGH REIMBURSEMENT OF UA PERSONNEL COSTS, TRAVEL, OPERATING EXPENSES, AND CAPITAL EXPENDITURES. 26571515 1 1 0 1 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 X 9 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 21 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CT FL IL ME MA MD MI MN NH NJ NV NY OR WA AK CO KY NC OH OK RI VA UT SC CA DC GA HI KS LA MS MO NM ND PA TN TX WV WI X X ALEXANDER SLIVKA 9077861689 1815 BRAGAW SUITE 206 ANCHORAGE AK 99508 PAT PITNEY DIRECTOR 0.50 44.50 X 0 407632 75611 SEAN PARNELL DIRECTOR 0.50 44.50 X 0 305449 120813 DAN WHITE DIRECTOR 0.50 44.50 X 0 342503 50712 APARNA DILEEP-NAGESWARAN PALMER DIRECTOR 0.50 44.50 X 0 243762 77091 TOD BURNETT FORMER OFFICER 20.00 20.00 X 0 247362 23191 MEGAN REIBE VP OF DEVELOPMENT (THROUGH 12/31/24) 20.00 20.00 X 0 197254 72028 ALEX SLIVKA CHIEF FINANCIAL OFFICER 40.00 0.00 X 0 180109 87721 TLISA NORTHCUTT PRESIDENT AND CHIEF DEVELOP. OFFICER 20.00 20.00 X 0 159889 104167 DAVID WOODLEY CHIEF DATA OFFICER 40.00 0.00 X 0 136086 97944 EMILY DRYGAS DIRECTOR OF PRINCIPLE GIFTS 40.00 0.00 X 0 138909 90832 CHERYL SIEMERS DIRECTOR 0.50 44.50 X 0 149159 63099 HARRY NEED SR DIR OF PHILANTHROPIC SERVICES 40.00 0.00 X 0 139327 63680 MELINDA SEEVERS SR DIR OF STRATEGIC PARTNERSHIPS 40.00 0.00 X 0 127549 51979 LAURA BRUCE CHAIR (THROUGH 12/31/24) 0.50 0.00 X X 0 0 0 MEG NORDALE CHAIR 1.00 0.00 X X 0 0 0 JENNIFER SCHRAGE VICE CHAIR 0.50 0.00 X X 0 0 0 STEPHANIE ERICKSON SECRETARY 0.50 0.00 X X 0 0 0 ROALD HELGESEN TREASURER 0.50 0.00 X X 0 0 0 DALE ANDERSON DIRECTOR 0.50 0.00 X 0 0 0 ANNA ATCHISON DIRECTOR 0.50 0.00 X 0 0 0 ANDREA CANFIELD DIRECTOR 0.50 0.00 X 0 0 0 STEVE COLLIGAN DIRECTOR 0.50 0.00 X 0 0 0 LAURA EDMONDSON DIRECTOR 0.50 0.00 X 0 0 0 JASON GOOTEE DIRECTOR 0.50 0.00 X 0 0 0 ELLA GOSS DIRECTOR 0.50 0.00 X 0 0 0 TODD GREIMANN DIRECTOR 0.50 0.00 X 0 0 0 SHAUNA HEGNA DIRECTOR 0.50 0.00 X 0 0 0 BRIAN HOLST DIRECTOR 0.50 0.00 X 0 0 0 MARY K HUGHES DIRECTOR 0.50 0.00 X 0 0 0 DAVID KARP DIRECTOR 0.50 0.00 X 0 0 0 STEPHANIE MADSEN DIRECTOR 0.50 0.00 X 0 0 0 RHONDA OLIVER DIRECTOR (THROUGH 12/31/24) 0.50 0.00 X 0 0 0 MELISSA REISER DIRECTOR 0.50 0.00 X 0 0 0 BENJAMIN ROTH DIRECTOR 0.50 0.00 X 0 0 0 TIMOTHY THOMPSON DIRECTOR 0.50 0.00 X 0 0 0 ALESHA TOWNS-BAIN DIRECTOR 0.50 0.00 X 0 0 0 0 2774990 978868 0 1 1 0 UNIVERSITY OF ALASKA PO BOX 756540 FAIRBANKS AK 997756540 FOUNDATION STAFFING 4388515 EAB GLOBAL INC 11011 WEST BROAD STREET GLEN ALLEN VA 23060 PROFESSIONAL FUNDRAISING 199858 2 439 387067 960000 21918959 910488 23266465 5640535 161457 5479078 484 484 161831017 151289801 10541216 10541216 193420 10347796 124001 387067 180158 -56157 -56157 MISCELLANEOUS INCOME 900099 14230 4089 10141 14230 39406773 0 358966 15781342 X 19791011 19791011 6780504 6780504 602180 602180 2966660 232797 2733863 489728 68121 421607 127336 127336 370557 79947 290610 31346 31346 62120 62120 199858 199858 1789037 1789037 113945 18610 95335 90323 27708 62615 104131 90028 14103 752008 39275 712733 111035 95997 15038 165943 69890 96053 196084 91844 104240 9185 2818 6367 EDUCATION & TRAINING 92835 28479 64356 MEMBERSHIPS, DUES & SUB 79259 24314 54945 LICENSES, TAXES & FEES 38934 11944 26990 6589 3043 3546 34970608 26571515 3369498 5029595 4511431 4832040 7403450 10618647 734616 3941082 57433 189625 168192 462467 145725914 112016776 411822709 476569399 796053 907263 571219798 609537299 1533879 545872 1188831 1129637 5000 1050000 184111148 195201107 186838858 197926616 X 29370538 29715394 355010402 381895289 384380940 411610683 571219798 609537299 X 4436165 22675634 117944 X X 0 1 X 1 0 X 34600588 20342823 20369177 21902113 23266465 120481166 30392 30392 30392 6202 6202 103580 34630980 20373215 20399569 21908315 23272667 120584746 8590950 111993796 3337287 4817930 3976049 5128822 5479562 22739650 6822 63258 143272 62789 66861 343002 713914 20000 10510 10141 754565 144421963 0.77550 0.68250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 713,914. 2022 AMOUNT: $ 20,000. 2023 AMOUNT: $ 10,510. 2024 AMOUNT: $ 10,141. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 29970905 29970905 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 318382553 5576616 33359096 9438568 2660561 345219136 296220903 3768441 28517118 7655889 2468020 318382553 276596360 7938038 21217062 7259496 2271061 296220903 292632144 7735154 -14235711 7574397 1960830 276596360 211273264 21161510 68091382 6123826 1770186 292632144 0.22649 0.77351 0.00000 0 1 1 0 CASH HELD FOR LONG-TERM INVESTMENTS 1932836 F FUTURES CONTRACTS 235616 F DEBT SECURITIES 46651560 F COMMINGLED FUNDS 152195222 F HEDGE FUNDS 134846133 F PRIVATE CAPITAL FUNDS 140708032 F 476569399 TERM ENDOWMENT LIABILITY 1000000 DUE TO LGTF 193971883 SPLIT INTEREST AGREEMENT 229224 195201107 X 60591472 22675634 117944 22793578 37797894 1789037 -180158 1608879 39406773 33361729 180158 180158 33181571 1789037 1789037 34970608 PART V, LINE 4: EARNINGS ON ENDOWMENTS ARE USED TO SUPPORT THE UNIVERSITY OF ALASKA AS SPECIFIED BY OUR DONORS INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS, FELLOWSHIPS, PROFESSORSHIPS AND DEPARTMENT SUPPORT. THE UNIVERSITY OF ALASKA AND THE FOUNDATION ARE INVESTED JOINTLY IN THE CONSOLIDATED ENDOWMENT FUND. THE UNIVERSITY HAS 44% OWNERSHIP AND THE FOUNDATION HAS 56% OWNERSHIP. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC AND IS GENERALLY NOT SUBJECT TO FEDERAL INCOME TAXES. CONTRIBUTIONS TO THE FOUNDATION ARE DEDUCTIBLE FOR TAX PURPOSES BY THE DONOR, SUBJECT TO THE NORMAL LIMITATIONS IMPOSED BY THE TAXING AUTHORITIES. 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 PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. ACCORDINGLY, THE FOUNDATION RECORDED NO FEDERAL AND STATE INCOME TAX LIABILITIES FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. THE INCOME TAX EXPENSE IS REPORTED ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES AS A REDUCTION IN INVESTMENT INCOME. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT OF REMAINDER TRUST 117,944. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -180,158. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 180,158. X X X X X X 1 EAB GLOBAL INC 2445 M ST NW WASHINGTON DC 20037 ANNUAL GIVING PROGRAM 0 997257 199858 797399 997257 199858 797399 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY BLUE AND GOLD CELEBRATION 136341 98861 37480 3702 22692 19843 11647 CELEBRITY CHEF INVITATIONAL 146082 101457 44625 8230 19625 5930 6 228645 186749 41896 4516 49881 2007 32085 511068 387067 124001 8218 80803 41475 49662 180158 -56157 1 UNIVERSITY OF ALASKA PO BOX 755000 FAIRBANKS AK 99775 926000147 STATE OF ALASKA 19716011 75000 FMV AIRLINE VOUCHERS STUDENT, PROGRAM AND OTHER DEPARTMENT SUPPORT FOR THE UNIVERSITY 1 0 STUDENT AID 2366 6780504 N/A N/A PART I, LINE 2: ALL GRANT FUNDS PROVIDED TO THE UNIVERSITY ARE REQUIRED TO INCLUDE APPROPRIATE DOCUMENTATION PROVIDING DETAILS ON EXPENDITURES, INCLUDING AUTHORIZED SIGNATURE AUTHORITY. ALL SCHOLARSHIP REQUESTS ARE MONITORED BY REVIEW OF THE CRITERIA RELATED TO THE SCHOLARSHIP, WHICH PROVIDES ASSURANCE THAT THE RECIPIENT MEETS ELIGIBILITY REQUIREMENTS. STUDENT PROGRESS IS MONITORED TO ASSURE CONTINUED COMPLIANCE WITH ESTABLISHED CRITERIA. 0 1 0 0 0 0 0 0 0 PAT PITNEY DIRECTOR 0 285990 0 0 0 121642 0 52278 0 23333 0 483243 0 0 SEAN PARNELL DIRECTOR 0 250817 0 0 0 54632 0 72227 0 48586 0 426262 0 0 DAN WHITE DIRECTOR 0 248378 0 0 0 94125 0 50712 0 0 0 393215 0 0 APARNA DILEEP-NAGESWARAN PALMER DIRECTOR 0 193825 0 0 0 49937 0 33883 0 43208 0 320853 0 0 TOD BURNETT FORMER OFFICER 0 188322 0 0 0 59040 0 20393 0 2798 0 270553 0 0 MEGAN REIBE VP OF DEVELOPMENT (THROUGH 12/31/24) 0 160834 0 0 0 36420 0 28155 0 43873 0 269282 0 0 ALEX SLIVKA CHIEF FINANCIAL OFFICER 0 163807 0 0 0 16302 0 26631 0 61090 0 267830 0 0 TLISA NORTHCUTT PRESIDENT AND CHIEF DEVELOP. OFFICER 0 147150 0 0 0 12739 0 41588 0 62579 0 264056 0 0 DAVID WOODLEY CHIEF DATA OFFICER 0 123453 0 0 0 12633 0 35076 0 62868 0 234030 0 0 EMILY DRYGAS DIRECTOR OF PRINCIPLE GIFTS 0 120646 0 0 0 18263 0 34963 0 55869 0 229741 0 0 CHERYL SIEMERS DIRECTOR 0 126921 0 0 0 22238 0 22335 0 40764 0 212258 0 0 HARRY NEED SR DIR OF PHILANTHROPIC SERVICES 0 108466 0 10000 0 20861 0 21660 0 42020 0 203007 0 0 MELINDA SEEVERS SR DIR OF STRATEGIC PARTNERSHIPS 0 112442 0 0 0 15107 0 33145 0 18834 0 179528 0 0 PART I, LINE 3 THE UA FOUNDATION'S COMPENSATION SYSTEM IS ADMINISTERED BY THE UNIVERSITY OF ALASKA'S HUMAN RESOURCES DEPARTMENT IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES AND PROCEDURES. THE UNIVERSITY OF ALASKA IS CONSIDERED AN UNRELATED ORGANIZATION AS THEY ARE INDEPENDENT OF THE UNIVERSITY OF ALASKA FOUNDATION. PART I, LINE 4B THE FOLLOWING INDIVIDUALS RECIEVED THE FOLLOWING FROM A 457(B) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: TOD BURNETT - $30,500 PAT PITNEY - $30,000 DAN WHITE - $26,000 X 1 420 FMV X 19 637293 FMV X GIFTS 956 197775 FMV X AIRLINE VOUCHERS 60 75000 FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS USED IN PART I. PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY VENDORS TO SELL DONATED GOODS. PART I, LINE 15/PART VII, LINE 2/PART IX FUNCTIONAL EXPENSE REPORTING: THE REPORTING OF COMPENSATION IN THE FORM 990 RELFECTS THE AMOUNTS THE UNIVERSITY OF ALASKA FOUNDATION DIRECTLY REIMBURSES TO UNIVERSITY OF ALASKA FOR COMPENSATION, BENEFITS AND RELATED COSTS OF EMPLOYMENT OF EMPLOYEES DEVOTING TIME TO THE FOUNDATION. SINCE THE FOUNDATION REIMBURSES THESE AMOUNTS DIRECTLY, THE REIMBURSEMENTS ARE REPORTED AS SALARIES, BENEFITS AND PAYROLL TAXES WITHIN THE FORM 990. THE FOUNDATION BELIEVES THE PRESENTATION MORE ACCURATELY REFLECTS THE TRUE NATURE OF THE REIMBURSEMENT TO THE UNIVERSITY. FOR FISCAL YEAR 2025, THE FOUNDATION REIMBURSED THE UNIVERSITY FOR APPROXIMATELY 36 EMPLOYEES SERVING THE FOUNDATION IN BOTH A FULL TIME AND PART TIME CAPACITY. PART V LINE 2A: COMPENSATION AND RELATED TAX FILINGS, SUCH AS THE W-2 AND W-3, ARE PROVIDED BY THE UNIVERSITY OF ALASKA. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR ALL COMPENSATION AND RELATED EXPENSES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE GOVERNING BODY APPOINTED OFFICERS (CHAIR, VICE CHAIR, TREASURER, AND SECRETARY) AND THE PRESIDENT OF THE UNIVERSITY OF ALASKA WHO IS A VOTING EX-OFFICIO MEMBER OF THE GOVERNING BODY. THE COMMITTEE ACTS ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND MAY EXERCISE ALL AUTHORITY AND POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE FOUNDATION, WITH THE EXCEPTION THEY MAY NOT AMEND THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 SEAN PARNELL HAS A BUSINESS RELATIONSHIP WITH ELLA GOSS, MARY HUGHES, DALE ANDERSON, PAT PITNEY, TOD BURNETT, MEGAN RIEBE & TLISA NORTHCUTT. APARNA PALMER, CHERYL SIEMERS, AND DAN WHITE ALL REPORTED TO PAT PITNEY IN HER ROLE AS PRESIDENT OF THE UNIVERSITY OF ALASKA. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD INCLUDES BETWEEN 20 AND 30 VOTING MEMBERS, AS DETERMINED FROM TIME TO TIME BY THE BOARD. THERE ARE FOUR CLASSES OF MEMBERS: -EX-OFFICIO DIRECTORS INCLUDE THE PRESIDENT OF THE UNIVERSITY AND THE UNIVERSITY CHANCELLORS, AS VOTING MEMBERS; -REGENT DIRECTORS INCLUDE TWO MEMBERS OF THE BOARD OF REGENTS, ANNUALLY APPOINTED BY THE CHAIR OF THE BOARD OF REGENTS, AS VOTING MEMBERS; -ELECTED DIRECTORS INCLUDE NOT LESS THAN 14 AND NO MORE THAN 24 DIRECTORS, AS VOTING MEMBERS. THEY ARE ELECTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS PRESENT AT A DULY NOTICED MEETING OF THE BOARD FROM THE SLATE OF CANDIDATES PREPARED BY THE COMMITTEE ON MEMBERSHIP; -EMERITUS DIRECTORS ARE HONORARY LIFETIME MEMBERS OF THE BOARD WHO DO NOT HAVE THE ABILITY TO VOTE AND THEIR NUMBER IS NOT INCLUDED IN CALCULATING THE TOTAL NUMBER OF DIRECTORS AND QUORUM. FORM 990, PART VI, SECTION A, LINE 7B FOUNDATION INVESTMENT POLICY IS APPROVED BOTH BY FOUNDATION BOARD AND ALSO BY UA BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY THE FOUNDATIONS ACCOUNTING DEPARTMENT. THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE AND THEN FORWARDED TO THE ENTIRE BOARD FOR THEIR INFORMATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY OF ALASKA FOUNDATION HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO BOARD MEMBERS, ALL COMMITTEES, SUBCOMMITTEES, OFFICERS, EMPLOYEES, AND VOLUNTEERS HAVING BOARD-DELEGATED POWERS. THIS POLICY IS DISTRIBUTED ANNUALLY AND EACH RECIPIENT REVIEWS THE POLICY, SIGNS IT AND RETURNS IT TO THE BOARD COORDINATOR INDICATING EITHER NO CONFLICTS OR DISCLOSING ANY EXISTING OR FORESEEABLE CONFLICTS. ANY DISCLOSURES ARE THEN FORWARDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND ACTION. THE POLICY PROVIDES THAT POTENTIAL CONFLICTS ARE TO BE DISCLOSED TO THE BOARD, COMMITTEE, OFFICER OR SUPERVISOR AS SOON AS PRACTICABLE AFTER BECOMING AWARE OF A POTENTIAL CONFLICT. IF A CONFLICT IS DISCLOSED IN A MEETING, THE PERSON OF INTEREST IS ASKED TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT. IF APPROPRIATE, ANOTHER PERSON OR COMMITTEE MAY BE APPOINTED TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE NATURE OF THE POTENTIAL CONFLICT, THE DETERMINATION BY THE BOARD OR COMMITTEE, AND DETAILS OF ANY VOTES TAKEN ARE DOCUMENTED IN THE MINUTES OF THE MEETING. ANY PERSON VIOLATING THE CONFLICT OF INTEREST POLICY SHALL BE SUBJECT TO APPROPRIATE DISCIPLINE, INCLUDING DISMISSAL OR REMOVAL FROM OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE UA FOUNDATION'S COMPENSATION SYSTEM IS ADMINISTERED BY THE UNIVERSITY OF ALASKA'S HUMAN RESOURCES DEPARTMENT IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES AND PROCEDURES. SPECIFIC TO THE PRESIDENT, THE EXECUTIVE COMMITTEE CONDUCTS THE ANNUAL REVIEW AND DOCUMENTS APPROVAL OF BOTH SALARY AND BONUS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC ON THE FOUNDATION WEBSITE, WWW.ALASKA.EDU/FOUNDATION. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 2: THE FOUNDATION PROVIDES GRANTS AND OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS THROUGH ITS UNRELATED ENTITY, THE UNIVERSITY OF ALASKA. THESE SCHOLARSHIPS ARE FUNDING THE STUDENTS AT THE UNIVERSITY OF ALASKA. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT OF REMAINDER TRUST 117,944. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSITY OF ALASKA PO BOX 756540 FAIRBANKS AK 99775 926000147 EDUCATION THROUGH TEACHING AND RESEARCH AK N/A 0 UNIVERSITY OF ALASKA FOUNDATION CONSOLIDATED ENDOWMENT FUND LP 125 HIGH STREET BOSTON MA 02110 462876772 INVESTMENT MANAGEMENT DE UNIVERSITY OF ALASKA FOUNDATION INVESTMENT 35994592 450959070 1 416712 0 0.99990 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0 UNIVERSITY OF ALASKA FOUNDATION CONSOLIDATED ENDOWMENT FUND LP B 5589968 BOOK VALUE UNIVERSITY OF ALASKA FOUNDATION CONSOLIDATED ENDOWMENT FUND LP C 19918865 BOOK VALUE UNIVERSITY OF ALASKA FOUNDATION CONSOLIDATED ENDOWMENT FUND LP M 1269012 BOOK VALUE UNIVERSITY OF ALASKA B 26571515 BOOK VALUE UNIVERSITY OF ALASKA C 960000 BOOK VALUE UNIVERSITY OF ALASKA K 111035 BOOK VALUE UNIVERSITY OF ALASKA O 4556462 BOOK VALUE UNIVERSITY OF ALASKA P 2181986 BOOK VALUE UNIVERSITY OF ALASKA Q 283982 BOOK VALUE SCHEDULE R, PART II THE UNIVERSITY OF ALASKA DOES NOT MEET THE DEFINITION OF A 'RELATED ORGANIZATION' FOR REQUIRED REPORTING ON FORM 990, SCHEDULE R. ALTHOUGH THE UNIVERSITY IS SUPPORTED BY THE UNIVERSITY OF ALASKA FOUNDATION, THE FOUNDATION IS A PUBLIC CHARITY UNDER SECTION 170(B)(1)(A)(VI) RATHER THAN UNDER SECTION 509(A)(3). THE UNIVERSITY OF ALASKA FOUNDATION IS VOLUNTARILY REPORTING DATA UPON PART VII AND SCHEDULE R AS THOUGH THERE WERE A 509(A)(3) SUPPORTING/SUPPORTED RELATIONSHIP IN PLACE WITH THE UNIVERSITY BECAUSE MANAGEMENT BELIEVES THAT DONORS AND OTHER READERS OF THE FORM 990 HAVE AN EXPECTATION THAT THIS INFORMATION WILL BE INCLUDED ON THIS FORM 990. THE REPORTING AS A RELATED ORGANIZATION IS CARRIED THROUGHOUT THE RETURN.