2026-03-06T12:03:50-06:00 2025-04-30 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-05-01 160911612 ALBERT E FARONE & ANGELA T FARONE FOUNDATION ALBE 2023195606 CARDINAL STATION 620 MICHIGAN AVE WASHINGTON DC 20064 MICHAEL ZELENY SVP & CFO 2023195606 2026-03-06 1 0 MARY TORRETTA P00847851 7038477500 2024 2025-03-06 01:10:19Z MICHAEL ZELENY CARDINAL STATION 620 MICHIGAN AVE WASHINGTON DC 20064 10124995 0 X N/A X 1965 NY TO PROVIDE FUNDS TO SUPPORT CATHOLIC UNIVERSITY OF AMERICA AND ITS STUDENTS. 5 1 0 1 0 0 0 0 0 0 1883987 1808110 0 0 1883987 1808110 1475300 1588791 0 0 0 0 2881 0 0 90163 94894 1568344 1683685 315643 124425 39705307 40903355 2250 0 39703057 40903355 X SEE SCHEDULE OTHE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE FUNDS TO SUPPORT THE CHARITABLE, SCIENTIFIC, EDUCATIONAL, LITERARY AND/OR RELIGIOUS PURPOSES OF THE CATHOLIC UNIVERSITY OF AMERICA AND TO AWARD SCHOLARSHIPS TO STUDENTS FROM THE ALBANY DIOCESE OF THE ROMAN CATHOLIC CHURCH WHO ARE ATTENDING THE CATHOLIC UNIVERSITY OF AMERICA. 0 0 1588791 1588791 0 SCHOLARSHIP PROGRAMS: TO SUPPORT SCHOLARSHIPS FOR STUDENTS ATTENDING THE CATHOLIC UNIVERSITY OF AMERICA. DURING FISCAL YEAR 2025, 121 SCHOLARSHIPS WERE AWARDED. 1588791 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X MICHAEL ZELENY 2023195606 620 MICHIGAN AVENUE NE LEAHY HALL WASHINGTON DC 20064 PETER KILPATRICK EX-OFFICIO DIRECTOR/PRESIDENT 1.00 41.00 X X 0 625749 55592 DAVID AARON DOMINGUEZ EX-OFFICIO DIRECTOR/PROVOST 1.00 41.00 X 0 463546 62077 ROBERT M SPECTER THRU 1024 EX-OFFICIO DIRECTOR/TREASURER 1.00 41.00 X X 0 470148 54219 ROSOLOC HENDERSON AS OF 1124 EX-OFFICIO DIRECTOR/TREASURER 1.00 41.00 X X 0 188552 34018 DEANNE GIPSON MADDEN THRU 0524 EX-OFFICIO DIRECTOR/VP ENROLLMENT 1.00 40.00 X 0 144077 14048 MARK CIOLLI AS OF 0524 EX-OFFICIO DIRECTOR/VP ENROLLMENT 1.00 40.00 X 0 221310 49073 FR ROBERT LONGOBUCCO ELECTED DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW C DOLAN GENERAL COUNSEL/SECRETARY 1.00 0.00 X 0 299357 32142 JOHN H GARVEY FORMER PRESIDENT; CUA PROFESSOR 1.00 41.00 X 0 178939 3636 0 2591678 304805 0 1 1 0 0 746192 746192 9378803 8316885 1061918 1061918 1061918 1808110 0 0 1808110 1588791 1588791 ENDOWMENT ADMIN. 94894 94894 1683685 1588791 94894 0 154 154 1294186 1411211 38410967 39491990 39705307 40903355 2250 2250 0 X 39703057 40903355 39703057 40903355 39705307 40903355 124425 1075873 0 X 0 1 X 1 0 X X 1 THE CATHOLIC UNIVERSITY OF AMERICA 530196583 2 1 1588791 0 1 1588791 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 38410967 2989299 1588791 224592 94893 39491990 38563018 1667661 1475300 254999 89413 38410967 36624644 2902811 758924 205513 38563018 39351189 -1838387 705065 705 182388 36624644 31305632 8888897 431015 261726 150599 39351189 1.00000 0.00000 0.00000 0 1 1 0 CATHOLIC UNIVERSITY ENDOWMENT POOL 39491990 F 39491990 X PART V, LINE 4: THE A&A FARONE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT PURPOSES OF THE CATHOLIC UNIVERSITY OF AMERICA AND TO FUND SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. 1 FARONE FOUNDATION SCHOLARSHIPS 121 1588791 PART I, LINE 2: ALL SCHOLARSHIPS ARE OFFERED BASED ON MANUAL AND/OR ELECTRONIC VERIFICATION OF ELIGIBILITY CRITERIA. THE SYSTEM DISBURSEMENT OF THE SCHOLARSHIPS TO THE STUDENTS' ACCOUNTS OCCUR ONLY AFTER GLOBAL AND ITEM TYPE SPECIFIC DISBURSEMENT ELIGIBILITY RULES ARE MET. UPON DISBURSEMENT, PAYMENT ALLOCATION RULES IN THE SYSTEMS ALLOCATE SCHOLARSHIPS TO APPROPRIATE PREDEFINED CHARGES. AFTER DISBURSEMENT, AUDITS ARE DONE AT VARIOUS TIME INTERVALS TO DETERMINE CONTINUED ELIGIBILITY. 1 0 0 0 0 0 0 0 0 PETER KILPATRICK EX-OFFICIO DIRECTOR/PRESIDENT 0 567673 0 51218 0 6858 0 34500 0 21092 0 681341 0 0 DAVID AARON DOMINGUEZ EX-OFFICIO DIRECTOR/PROVOST 0 460410 0 1000 0 2136 0 34500 0 27577 0 525623 0 0 ROBERT M SPECTER THRU 1024 EX-OFFICIO DIRECTOR/TREASURER 0 463651 0 0 0 6497 0 34500 0 19719 0 524367 0 0 MATTHEW C DOLAN GENERAL COUNSEL/SECRETARY 0 298072 0 0 0 1285 0 29870 0 2272 0 331499 0 0 MARK CIOLLI AS OF 0524 EX-OFFICIO DIRECTOR/VP ENROLLMENT 0 219983 0 1000 0 327 0 23100 0 25973 0 270383 0 0 ROSOLOC HENDERSON AS OF 1124 EX-OFFICIO DIRECTOR/TREASURER 0 187284 0 1000 0 268 0 9921 0 24097 0 222570 0 0 JOHN H GARVEY FORMER PRESIDENT; CUA PROFESSOR 0 50373 0 0 0 128566 0 2637 0 999 0 182575 0 0 DEANNE GIPSON MADDEN THRU 0524 EX-OFFICIO DIRECTOR/VP ENROLLMENT 0 143077 0 1000 0 0 0 13115 0 933 0 158125 0 0 PART I, LINE 4A SEVERANCE WAS PAID TO JOHN GARVEY ON 01/10/2025, BY CATHOLIC UNIVERSITY OF AMERICA, IN THE AMOUNT OF $128,566. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). SCHEDULE J, PART I, LINE 3: AN AFFILIATED ORGANIZATION USED THE FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION STUDIES, AND BOARD OR COMPENSATION COMMITTEE APPROVAL IN ESTABLISHING COMPENSATION OF THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF THE SUPPORTED ORGANIZATION, THE CATHOLIC UNIVERSITY OF AMERICA, HAS THE POWER TO APPOINT THE FARONE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS SENT TO THE FULL BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING THE RETURN. THE TRUSTEES WERE GIVEN THE OPPORTUNITY TO REVIEW THE DOCUMENT AND ADDRESS COMMENTS OR QUESTIONS TO MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C A&A FARONE FOUNDATION OPERATES BY THE CATHOLIC UNIVERSITY OF AMERICA'S STANDARDS WITH RESPECT TO THE CONFLICT OF INTEREST POLICY. TRUSTEES MUST DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS, INCLUDING FINANCIAL, FAMILY, OR EXTERNAL INTERESTS THAT COULD INFLUENCE FOUNDATION DECISIONS. THE CATHOLIC UNIVERSITY OF AMERICA'S (AN AFFILIATED ORGANIZATION) COMPLIANCE OFFICE FACILITIES THE ANNUAL DISCLOSURE PROCESS FOR BOTH TRUSTEES. DISCLOSURES ARE REVIEWED BY THE SECRETARY OF THE BOARD AND COMPLIANCE OFFICER. THERE ARE NO FACULTY OR STAFF, AND THE FOUNDATION'S TRANSACTIONS ARE LIMITED TO A VERY SMALL NUMBER OF CLEARLY DEFINED ACTIVITIES. FORM 990, PART VI, LINE 13: A&A FARONE FOUNDATION OPERATES BY THE CATHOLIC UNIVERSITY OF AMERICA'S STANDARDS WITH RESPECT TO THE WHISTLEBLOWER POLICIES. FORM 990, PART VI, LINE 14: A&A FARONE FOUNDATION OPERATES BY THE CATHOLIC UNIVERSITY OF AMERICA'S STANDARDS WITH RESPECT TO THE DOCUMENT RETENTION AND DESTRUCTION POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE UNIVERSITY WEBSITE. THE FOUNDATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CATHOLIC UNIVERSITY OF AMERICA 620 MICHIGAN AVENUE NE LEAHY HALL WASHINGTON DC 20064 530196583 HIGHER EDUCATION DC 501(C)(3) LINE 2 N/A 0 THE CATHOLIC UNIVERSITY OF AMERICA FOUNDATION 620 MICHIGAN AVENUE NE LEAHY HALL WASHINGTON DC 20064 521284733 SUPPORT TO THE CATHOLIC UNIVERSITY OF AMERICA DC 501(C)(3) LINE 12A, I THE CATHOLIC UNIVERSITY OF AMERICA 0 CHARITABLE REMAINDER TRUST (2) 620 MICHIGAN AVENUE NE LEAHY HALL WASHINGTON DC 20064 SPLIT INTEREST AGREEMENT MD N/A T 0 CHARITABLE REMAINDER TRUST (3) 620 MICHIGAN AVENUE NE LEAHY HALL WASHINGTON DC 20064 SPLIT INTEREST AGREEMENT DC N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0