2024-03-07T15:23:42-06:00 2023-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2022-07-01 237066616 PURCHASE COLLEGE FOUNDATION INC C/O SUNY PURCHASE PURC 9142516045 735 ANDERSON HILL ROAD PURCHASE NY 10577 SUELLEN MCAVOY PELUSO BOARD CHAIR 9142516139 2024-03-05 1 SUELLEN MCAVOY PELUSO 999009999 0 ARIEL F RUIZ P01346991 5184644080 2024-03-05 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUELLEN MCAVOY PELUSO 735 ANDERSON HILL ROAD PURCHASE NY 10577 39573350 0 X N/A X 1969 NY THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION AND SUPPORT OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK. UNIQUELY, PURCHASE COLLEGE COMBINES BOTH RENOWNED AND HIGHLY SELECTIVE PROFESSIONAL AND CONSERVATORY ARTS PROGRAMS WITH DISTINGUISHED LIBERAL ARTS AND SCIENCES PROGRAMS. THE LARGEST PROGRAMS ARE IN VISUAL ARTS, MUSIC, LIBERAL STUDIES, PSYCHOLOGY, DANCE, BIOLOGY, JOURNALISM AND NEW MEDIA. 18 17 0 18 0 0 2278857 1627506 300057 265840 8244677 1327953 0 0 10823591 3221299 1779038 2299228 0 0 1193866 1100504 0 0 224304 2059335 2586729 5032239 5986461 5791352 -2765162 93577892 96828921 11432497 11345788 82145395 85483133 X THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION OF LITERATURE, HISTORY, VISUAL AND PERFORMING ARTS, SCIENCE AND OTHER DEPARTMENTS OF EDUCATION AT THE STATE UNIVERSITY OF NEW YORK AT PURCHASE. 0 0 1395385 THE FOUNDATION PROVIDED RESOURCES IN ORDER TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY, AID IN CURRICULUM ENHANCEMENT AND SUPPORT PUBLIC LECTURES WHICH PROVIDE OPPORTUNITIES FOR STUDENTS AND LOCAL COMMUNITY MEMBERS ALIKE TO INTERACT WITH EXPERTS IN VARIOUS DISCIPLINES. 2299228 2299228 INSTITUTIONAL SCHOLARSHIPS ARE AWARDED BY THE COLLEGE USING FUNDS FROM THE PURCHASE COLLEGE FOUNDATION, AS WELL AS OTHER SOURCES. FOUNDATION FUNDS COME FROM THE GENEROUS CONTRIBUTIONS OF DONORS TO THE FOUNDATION. THESE DONORS ARE INDIVIDUALS, FAMILIES, FOUNDATIONS AND CORORATIONS. DURING THE 2022-2023 ACADEMIC YEAR, 854 STUDENTS WERE RECIPIENTS OF SCHOLARSHIPS FROM THE PURCHASE COLLEGE FOUNDATION. 700739 29228 THE NEUBERGER MUSEUM OF ART IS THE PREMIER MUSEUM OF MODERN, CONTEMPORARY AND AFRICAN ART IN WESTCHESTER AND FAIRFIELD COUNTIES. A TEACHING MUSEUM, THE NEUBERGER PROMOTES THE APPRECIATION AND ENJOYMENT OF THE VISUAL ARTS AS INSEPARABLE FROM AN UNDERSTANDING OF THEIR PLACE IN CULTURAL AND INTELLECTUAL HISTORY AND THEIR RELEVANCE TO CONTEMPORARY SOCIAL LIFE. AS AN INTERGRAL PART OF PURCHASE COLLEGE AND A VITAL CENTER OF THE COMMUNITY ENGAGEMENT, THE NEUBERGER SUPPORTS LIFELONG LEARNING BY TAKING A CRITICAL, INTERDISCIPLINARY APPROACH TO ITS COLLECTIONS, EXHIBITIONS, AND PUBLIC PROGRAMS. APPROXIMATELY 16,900 VISITORS ATTEND THE MUSEUM EACH YEAR. 880467 236612 OTHER PROGRAM SERVICES 880467 236612 5275819 1 1 0 0 0 0 0 0 1 1 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 121 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY PA WA AK ME MA MI MN NH NJ OH SC CO CA HI MD NV ND UT WI X X SARAH JAMES 9142516045 735 ANDERSON HILL ROAD PURCHASE NY 105771400 X LUCILLE WERLINICH CHAIR 1.00 X X 0 0 0 DAVID FLEISHER VICE CHAIR 1.00 X X 0 0 0 SUELLEN PELUSO VICE CHAIR 1.00 X X 0 0 0 CLIFFORD ARONSON TRUSTEE 1.00 X 0 0 0 UMRAN BEBA TRUSTEE 1.00 X 0 0 0 JAMES DUBIN TRUSTEE 1.00 X 0 0 0 SEBNEM ERIM TRUSTEE 1.00 X 0 0 0 MICHAEL FONSECA TRUSTEE 1.00 X 0 0 0 VICKI GILLESPIE TRUSTEE 1.00 X 0 0 0 WILLIAM KLINGENSTEIN SECRETARY 1.00 X X 0 0 0 RICHARD A MUSKUS JR TRUSTEE 1.00 X 0 0 0 GERI PELL TRUSTEE 1.00 X 0 0 0 JOHN RAMBERG TRUSTEE 1.00 X 0 0 0 JUDITH A RIGGS TREASURER 1.00 X X 0 0 0 DEBRA ROTH TRUSTEE 1.00 X 0 0 0 GERHARD SEEBACHER TRUSTEE 1.00 X 0 0 0 PETER J WISE TRUSTEE 1.00 X 0 0 0 MILAGROS PENA EX-OFFICIO 3.00 X 0 0 0 AMANDA WALKER EX-OFFICIO (NON-VOTING) 15.00 X 0 0 0 PAUL ZUKOWSKY EX-OFFICIO (NON-VOTING) 1.00 X 0 0 0 0 0 0 0 0 0 0 THE TAGS GROUP 7116 COVE LAKE DRIVE WAKE FOREST NC 27587 MARKETING, COMMUNICATIONS AND EVENT SUPP 121547 FIDUCIENT ADVISORS LLC 500 W MADISON STREET SUITE 1700 CHICAGO IL 60661 CONSULTING FIRM 108748 MCALLISTER AND QUINN LLC 1625 EYE STREET NW SUITE 750 WASHINGTON DC 20006 GRANT WRITING 108600 3 1627506 1627506 OTHER INCOME 711190 265840 265840 265840 1419457 1419457 36260547 36352051 -91504 -91504 -91504 3221299 265840 0 1327953 2299228 2299228 1093935 1093935 6569 6569 16848 16848 74425 74425 192826 192826 577754 357652 69723 150379 54393 54393 319594 203492 77949 38153 57379 50285 2365 4729 44500 44500 PROGRAM ACTIVITIES AND 1121805 1112536 9269 REPAIRS AND MAINTENANCE 87582 87582 OTHER EXPENSES 28949 10147 7702 11100 PRINTING AND POSTAGE 10674 10674 5986461 5275819 486338 224304 1309001 1455178 847378 847378 497969 505791 14012 0 27449052 35651798 63450137 58367354 10343 1422 93577892 96828921 152878 241705 82201 63230 11197418 11040853 11432497 11345788 X 7323981 8414446 74821414 77068687 82145395 85483133 93577892 96828921 -2765162 6102900 0 X X 0 1 X 1 0 X 3860662 1385211 2097359 2278857 1627506 11249595 1150713 1069592 1022006 990436 839450 5072197 5011375 2454803 3119365 3269293 2466956 16321792 1670267 14651525 1272708 1220665 1745558 1317169 1419457 6975557 23297349 4600717 0.62890 0.67110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 77354169 556057 6621844 1145581 3568889 79817600 90209904 944302 -8809815 969007 4021215 77354169 74412640 1564999 18385836 1692146 2461425 90209904 77949084 565797 -406578 2006769 1688894 74412640 75248119 2393272 3995497 2211403 1476383 77949084 0.08040 0.56660 0.35300 0 0 0 HRDNG LVNR INTERNATIONAL EQUITY 6983774 F HEDGE FUNDS 17881986 F TIAA-CREF SOC CHOICE 18208349 F DODGE & COX INTL STCK-1 6956617 F VANGUARD CASH RESERVES FEDERAL - ADM 8336628 F 58367354 DUE TO PURCHASE COLLEGE 23337 DUE TO PURCHASE COLLEGE ASSOCIATION (PCA) 258 DUE TO RESEARCH FOUNDATION FOR SUNY 31005 INVESTMENTS HELD FOR OTHERS (PCA AND FRIENDS) 10980278 GIFT ANNUITY PAYABLE 5975 11040853 9970823 6102900 839450 6942350 3028473 192826 192826 3221299 6633085 839450 839450 5793635 192826 192826 5986461 PART V, LINE 4 THE ENDOWMENT FUNDS ARE DESIGNATED TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS OF SUNY PURCHASE COLLEGE. THE FUNDS ARE USED TO SUPPORT SCHOLARSHIPS AND CAMPUS PROGRAMS. X X X X X X 1 THE STELTER COMPANY 10435 NEW YORK AVE DES MOINES IA 50322 PLANNED GIVING PROGRAM - WEBSITE AND EMAILS 0 0 6100 -6100 MCALLISTER & QUINN LLC 1030 15TH STREET NW SUITE 590 WEST WASHINGTON DC 20005 GRANT WRITING SERVICES 0 0 108600 -108600 THE TAGS GROUP 364 W 18TH ST 6G NEW YORK NY 10011 MARKETING COMMUNICATIONS AND EVENT SUPPORT 0 0 76060 -76060 190760 -190760 CA CO ME MD MA MI MN NH NJ NY ND OH PA SC WA WI AL AR CO FL GA KS KY LA MS MI NM NC OK OR RI TN VA WV HI NV UT CT 1 SCHOLARSHIPS ARE GIVEN TO STUDENTS BASED ON NEED, ACADEMIC PERFORMANCE AND ARTISTIC ACHIEVEMENTS. 854 2299228 PART I, LINE 2: 95% OF INSTITUTIONAL SCHOLARSHIPS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS BY THE PURCHASE COLLEGE OFFICE OF STUDENT SERVICES. THE REMAINDER ARE AWARDED DIRECTLY TO CURRENT STUDENTS OF THE COLLEGE FOR EDUCATIONAL RELATED EXPENDITURES WHICH HELP TO ENRICH STUDENTS' COLLEGE EXPERIENCES AND SUPPORT THEIR ABILITY TO COMPLETE THEIR DEGREE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING FORM 990, IT IS PROVIDED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR PERSONAL REVIEW AND QUESTIONING. SUBSEQUENTLY, AND PRIOR TO THE FILING OF THE PURCHASE COLLEGE FOUNDATION FORM 990, THE COMBINED AUDIT COMMITTEE WILL CONDUCT A REVIEW OF ALL FORMS 990 WITH THE AUDITORS AND TAX PREPARERS PRESENT AND PARTICIPATING WITH MANAGEMENT IN THE PRESENTATION OF THESE FILINGS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY PROVIDES FOR ANNUAL WRITTEN ACKNOWLEDGEMENT BY EACH TRUSTEE OR OFFICER THAT EACH HAS READ AND IS FAMILIAR WITH THE CONFLICT-OF-INTEREST POLICY AND AS TO WHETHER OR NOT THE TRUSTEE OR OFFICER HAS A CONFLICT OF INTEREST. IF A CONFLICT EXISTS, THE COMPLETE DETAILS OF THE CONFLICT ARE TO BE DESCRIBED IN WRITING AND SUBMITTED TO THE BOARD CHAIR OR THE PRESIDENT. THE BOARD CHAIR OR PRESIDENT SHALL REFER THE ISSUE TO THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE (THE 'BODY') HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION. THE TRUSTEE OR OFFICER WHO DISCLOSES A DIRECT OR INDIRECT FINANCIAL INTEREST IN A PROPOSED OR EXISTING CONTRACT, TRANSACTION OR ARRANGEMENT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BODY, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCSSION OF, AND VOTE ON, THE CONTRACT, TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. EACH YEAR AT THE BOARD OF TRUSTEE'S ANNUAL MEETING, THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED AND WRITTEN ACKNOWLEDGMENTS SUBMITTED. DURING THE COURSE OF THE YEAR, FINANCIAL RESULTS AND TRANSACTIONS ARE REVIEWED FOR REASONABLENESS AND APPROPRIATENESS, INCLUDING WITH REGARD TO ANY POTENTIAL FOR THERE BEING A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 735 ANDERSON HILL ROAD, PURCHASE, NY 10577. FORM 990, PART XII, LINE 2C: THERE IS ONE AUDIT COMMITTEE FOR PURCHASE COLLEGE FOUNDATION AND FRIENDS OF THE NEUBERGER MUSEUM. EACH OF THE RELATED ORGANIZATIONS' BOARD IS REPRESENTED ON THIS COMMITTEE. PURCHASE COLLEGE FOUNDATION HOUSING CORP 735 ANDERSON HILL ROAD PURCHASE NY 10577 134086734 RESIDENTIAL HOUSING NY 501(C)(3) LINE 10 0 PURCHASE HOUSING CORPORATION II 735 ANDERSON HILL ROAD PURCHASE NY 10577 821262347 RESIDENTIAL HOUSING NY 501(C)(3) LINE 10 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1