2024-10-10T15:29:10-05:00 2024-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-07-01 227287311 The Douglass Fund % VALERIE ANDERSON DOUG 7322461600 181 Ryders Lane New Brunswick NJ 08901 Valerie Anderson Trustee 7312461600 2024-11-15 true true Israel Tannenbaum P01589203 7328281614 2023 2024-10-15 13:58:12Z Lisa Dorio Ruch 181 Ryders Lane New Brunswick NJ 08901 1964628 false X www.DOUGLASSALUMNAE.ORG X 1969 NJ TO HOLD, OBTAIN, INVEST, DISPOSE OF, EXPEND, APPLY, RECEIVE AND ADMINISTER CHARITABLE CONTRIBUTIONS TO SUPPORT DOUGLASS RESIDENTIAL COLLEGE. 3 2 0 2 0 136979 522498 0 0 2254757 1442130 0 0 2391736 1964628 1268359 927666 0 0 0 0 0 0 110667 647616 702083 1915975 1629749 475761 334879 43668293 47906580 0 146063 43668293 47760517 X TO HOLD, OBTAIN, INVEST, DISPOSE OF, EXPEND, APPLY, RECEIVE AND ADMINISTER CHARITABLE CONTRIBUTIONS TO SUPPORT DOUGLASS RESIDENTIAL COLLEGE. false false 379908 379908 The organization provided student financial support of more than 136 awards provided through scholarships and prizes. 343249 343249 Unrestricted support for Douglass Residential College 221333 Stewardship Expense. 96428 96428 Support for fine arts 76074 76074 Support for STEM Programs 17753 17753 Support for leadership initiatives Support for 7 graduate fellowships for 10506 10506 graduating seniors and alumnae. Support for the Global Village, a community of living learning communities focused on gender 3247 3247 and globalization. 414 414 Support for first year course Other support for Douglass 87 87 Residential College 204509 204509 1148999 true true false false false false false false false true false true false false true true false true 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 2 0 true 0 false false false false false false false false false false false false X 3 2 false false false false false false false true true false false false true true true true true false false false CA MD MA NJ NY PA VA WA X VALERIE ANDERSON 7322461600 181 RYDERS LANE NEW BRUNSWICK NJ 089018557 Valerie Anderson TRUSTEE 20.0 20.0 X 0 199226 35022 SUSAN WALLACE VP FOR FINANCE AND OPERATIONS 20.0 20.0 X 0 115819 10839 JEANNE FOX Principal Officer/Trustee 5.0 1.0 X 0 0 0 Lisa Dorio Ruch TRUSTEE 5.0 1.0 X 0 0 0 0 315045 45861 0 false true false BANK OF AMERICA TRUST OPERATIONS PO BOX 830269 DALLAS TX 75283 INV. MANAGEMENT 117325 1 522498 19262 522498 0 1208916 1208916 0 0 0 0 0 233214 233214 233214 233214 0 0 0 0 0 0 0 0 0 0 1964628 1442130 925283 925283 1253 1253 1130 1130 0 0 0 0 0 0 0 0 0 18325 18325 0 0 123563 123563 0 0 0 0 0 0 0 0 0 0 0 0 0 STEWARDSHIP EXPENSE SHARING 553333 221333 221333 110667 CHARITABLE REGISTRATIONS 6862 6862 1629749 1148999 370083 110667 0 0 5792 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42319539 46396317 0 0 0 0 1342962 1510263 43668293 47906580 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 146063 0 146063 X 7325573 8260267 36342720 39500250 43668293 47760517 43668293 47906580 X 334879 3544572 212773 X false true X true false X 376525 903071 134715 136979 522498 2073788 0 0 376525 903071 134715 136979 522498 2073788 749984 1323804 1317189 1079800 897385 1148606 1208916 5651896 0 0 7725684 0.17135 0.13789 X FORM 990, SCHEDULE A, PART II, LINE 17 Compliance with the Facts and Circumstances Test of Treasury Treasury Regulation 1.170A-9(f)(3) The Douglass Fund has followed the instructions for Schedule A, Part II, Section C of IRS Form 990 in order to determine its public support percentage. The Douglass Fund satisfies the "Facts and Circumstances" test of Treasury Regulation 1.170A-9(f)(3) and, therefore, should continue to be classified as a public charity. As noted below, the public support percentage of The Douglass Fund is 17.1400%, which is well above the 10% minimum threshold required by the Facts and Circumstances test. In addition, The Douglass Fund regularly receives bequests from estates. The following description represents a summary of how The Douglass Fund satisfies the Facts and Circumstances test. Ten-Percent Support Limitation (Treasury Regulation 1.170A-9(f)(3)(i)): As reflected in Schedule A, Line 14, the percentage of public support for The Douglass Fund is 17.1400%, which is well above the 10% minimum threshold required by the Facts and Circumstances test. Attraction of Public Support (Treasury Regulation 1.170A-9(f)(3)(ii)): From its founding in 1969, the purpose and legacy of the Douglass Fund Trust have inspired and motivated donations that have allowed Douglass College, and its successor Douglass Residential College, to have significant impact on undergraduate women at Rutgers, the State University of New Jersey. As a public charity, The Douglass Fund will continue to receive gifts allowed by the Trust and other agreed terms. The exclusive purpose of The Douglass Fund is to hold, obtain, invest, dispose of, expend, apply, receive and administer property, both real and personal, for charitable, educational, scientific and other purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, and Treasury regulations issued pursuant thereto (referred to as the "Code"), and specifically to Support Douglass Residential College. Douglass Residential College is an intellectual community for undergraduate women within Rutgers University, The State University of New Jersey, that inspires its students to learn, lead, and live with conviction, creativity, and critical thinking. Douglass Residential College draws approximately 2,600 women from the Rutgers University-New Brunswick undergraduate population. Students pursue many majors and career paths, and come from many different backgrounds. Douglass Residential College is the only residential women's college in the nation that is housed within a world class public research university. Douglass Residential College students enjoy a small college atmosphere and programs that support their success and leadership. At the same time, Douglass Residential College engages with all the rich educational and research resources of Rutgers-New Brunswick. Douglass Residential College has proven to be the sustainable model for women's higher education. The Douglass Fund provides funding for various programs and initiatives and also financial support for students of Douglass Residential College, for example: - By providing funding to Douglass Residential College for scholarships, study abroad funds, prizes and special opportunity funding; - For Douglass Residential College programs for women in Science, Technology, Engineering & Math(STEM), including the summer research program, participants in science programs, STEM living-learning community, and computer labs; - For the global village, a living-learning community that seeks to develop intercultural understanding, global awareness and a sense of community among students at Douglass Residential College; and - For other programs to help educate women global leaders at Douglass Residential College. Trust distributions are directed by a Douglass Fund Committee composed of: - The Dean of Douglass Residential College (an employee of Rutgers, the State University of New Jersey); - The President of the Associate Alumnae of Douglass College; - An active member of the Associate Alumnae of Douglass College jointly appointed by the Dean of Douglass College and the President of the Associate Alumnae of Douglass College; - One person appointed by the Dean of Douglass Residential College (the appointee is an employee of Rutgers, the State University of New Jersey); - An active member of the Associate Alumnae of Douglass College appointed by the President of the Associate Alumnae of Douglass College; and - The Executive Director of the Associate Alumnae of Douglass College who serves ex officio without vote. Examples of use of distributions from the Trust have been provided above. Percentage of Financial Support (Treasury Regulation 1.170A-9(f)(3)(iii)(A)): The public support percentage of The Douglass Fund is well above the 10% minimum threshold required by the Facts and Circumstances test. Sources of Support (Treasury Regulation 1.170A-((f)(3)(iii)(B)): The Douglass Fund attracts support from a broad range of people. Representative Governing Body (Treasury Regulation 1.170A-9(f)(3)(iii)(C)): The business and property of The Douglass Fund shall be managed and controlled by three Trustees. Here are the bios of the individuals serving as Trustees as of June 30, 2024. Jeanne M. Fox is an Adjunct Professor at Columbia University's School of International and Public Affairs as well as at Rutgers Bloustein School of Planning and Public Policy. Jeanne was a Commissioner of the New Jersey Board of Public Utilities (NJBPU) from January 2002 until September 2014 and served as its President and a member of the Governor's cabinet for the first eight years. Prior to her appointment to the NJBPU, Jeanne served as Regional Administrator of the United States Environmental Protection Agency (Region II), and as Commissioner and Deputy Commissioner of the New Jersey Department of Environmental Protection and Energy. Jeanne has served as an Adjunct Professor at Rutgers School of Arts and Sciences and at Princeton's Woodrow Wilson School of Public and International Affairs. She received a Juris Doctor from the Rutgers University School of Law-Camden. Jeanne serves as President of the Board of Directors of the Associate Alumnae of Douglass College. Valerie L. Anderson is the Executive Director of AADC where she is dedicated to fulfilling its mission. Prior to joining the AADC in 2011, she spent 21 years with FedEx in senior management positions. Valerie began her non profit experience as the State Director of Field Services for the March of Dimes where she oversaw the operations of three of the regional Chapters in New Jersey. Valerie received her MBA from Dowling College. Lisa Dorio Ruch is a Staff Attorney at the State of New Jersey Public Employment Relations Commission (PERC). Prior to joining PERC in 2014, Lisa served as a Deputy Attorney General for the State of New Jersey for over ten years and was an attorney in private practice. Lisa is a 1993 graduate of Columbia Law School. Lisa is the Vice President for Administration of the Board of Directors of the Associate Alumnae of Douglass College. These three Trustees are all involved in volunteer service with non-profit organizations and bring that expertise to The Douglass Fund. Additional Factors (Treasury Regulation 1.170A-9(f)(3)(iii)(E)(3)): The activities of The Douglass Fund, as described in its charitable mission above, appeal to persons with a broad common interest in educational activities. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41504933 529306 4986702 952853 676896 45391192 38626842 137670 4656391 1300551 615419 41504933 47581470 360847 -7289145 1320048 706282 38626842 37705097 893071 11169962 1408598 778062 47581470 38069715 971996 723306 1344473 715447 37705097 0.16320 0.67370 0.16310 false false POOLED INVESTMENT FUNDS 46396317 F 46396317 0 DUE TO AFFILIATE 146063 146063 X 5598410 3544572 212773 3757345 1841065 123563 123563 1964628 1506186 1506186 123563 123563 1629749 form 990, schedule d, part X, line 2 The Internal Revenue Service has determined that AADC and The Douglass Fund are exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Contributions to the AADC qualify for the charitable deduction under Section 509(a)(2) and contributions to The Douglass Fund qualify for the charitable deduction under Section 170(b)(1)(A). AADC and The Douglass Fund file tax returns in the U.S. federal jurisdiction and are registered as a charity in various states. The Organization had no unrecognized tax liabilities or uncertain tax positions at June 30, 2024 and 2023. The Organization did not have any tax related interest or penalties for the periods reported in these consolidated financial statements. Form 990, Schedule D, part XI, Line 2d Change in value of split-interest agreement $211,756 and change in NPV and allowance of UPTG of $1,017, for a total of $212,773. true RUTGERS THE STATE UNIVERSITY OF NEW JERSEY 33 Knightsbridge PISCATAWAY NJ 08854 226001086 501(c)(3) 542420 Programmatic and Rutgers University Foundation 335 George Street New Brunswick NJ 08901 237318742 501(c)(3) 378655 Student financial 2 form 990, schedule i, part 1, line 2 Scholarships, fellowships, prizes and opportunity funds are administered by the DIRECTOR OF SCHOLARSHIPS, HOUSING AND Data AT DOUGLASS RESIDENTIAL COLLEGE. The Douglass Fund, through the Associate Alumnae of Douglass College notifies the Director of the amounts available and any donor restrictions or conditions. Procedures are in place for the selection process for each category of grants or awards, which are determined in part by the qualifications of those receiving the grants or awards based on donor instructions and/or the college selection committee recommendations. false false false false false false false false false Valerie Anderson TRUSTEE 0 169226 0 30000 0 0 0 21081 0 13941 0 234248 0 0 FORM 990, PART VI, SECTION A, LINE 8B The Douglass Fund documents the meetings of the Douglass Fund Trustees and the meetings of the Douglass Fund Committee. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS PROVIDED TO TRUSTEES WHO SIGN THE CONFIDENTIALITY AGREEMENT FOR A PERIOD OF TIME DURING WHICH THEY MAY REVIEW IT BEFORE IT IS FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12B EACH YEAR, TRUSTEES ARE ASKED TO SIGN A STATEMENT ABOUT DISCLOSING CONFLICTS OF INTERESTS. FORM 990, PART VI, SECTION C, Line 19 THE DOUGLASS FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN NET PRESENT VALUE AND ALLOWANCE ON UPTG $211,756 + CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $(1,017) = $212,773 ASSOCIATE ALUMNAE OF DOUGLASS COLLEGE 181 RYDERS LANE NEW BRUNSWICK NJ 08901 221607270 TRUST STEWARD NJ 501(c)(3) 10 na false false false false false false false false false false false false false false false false true false false false ASSOCIATE ALUMNAE OF DOUGLASS COLLEGE P 553333 FMV