2025-02-14T13:03:26-06:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-07-01 066070722 THE UNIVERSITY OF CONNECTICUT FOUNDATION INC UNIV 8604865000 2390 ALUMNI DRIVE UNIT 3206 STORRS CT 062693206 DAVID CARNEY CFO 8604865000 2025-02-14 1 0 ERIN COUTURE P01390592 6177237900 2023 2025-03-06 01:10:19Z AMY YANCEY 2390 ALUMNI DR UNIT 3206 STORRS CT 06269 97671086 0 X WWW.FOUNDATION.UCONN.EDU X 1964 CT SEE SCHEDULE O 29 28 246 225 197908 0 99205210 65431730 10366992 13853302 24960372 18244481 26701 97 134559275 97529610 46617134 49891647 0 0 21292083 23190316 1079270 870295 23320406 16248542 20966369 85237029 94918627 49322246 2610983 791405326 862688618 39453139 39835177 751952187 822853441 X SEE SCHEDULE O 0 0 17316977 17316977 0 SCHOLARSHIPS, AWARDS AND FELLOWSHIPS - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF FINANCIAL AID FOR UNIVERSITY OF CONNECTICUT STUDENTS. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY, FEDERAL AND STATE FINANCIAL AID REQUIREMENTS, THE UNIVERSITY SELECTS THE STUDENT RECIPIENTS AND MAKES THE AWARDS DIRECTLY TO STUDENTS. AFTER RECEIVING APPROPRIATE DOCUMENTATION FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FINANCIAL AID EXPENDITURES. THE EXPENDITURES ARE FUNDED FROM INVESTMENT INCOME EARNED ON ENDOWMENT FUNDS AND GIFTS RESTRICTED FOR FINANCIAL AID. 14769257 14769257 0 PROGRAM SERVICES - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF PROGRAMS AT THE UNIVERSITY OF CONNECTICUT. GENERALLY, THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. 11794851 11794851 0 SEE SCHEDULE O 6010562 6010562 13853302 EQUIPMENT, FURNITURE, AND BUILDING IMPROVEMENTSTHE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS RESTRICTED TO THE SUPPORT OF EQUIPMENT AND FURNITURE PURCHASES AND BUILDING IMPROVEMENTS. GENERALLY, THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY, WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. 6010562 6010562 13853302 49891647 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 119 0 1 246 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MD MA MI MN NH NJ OR SC UT WV WI X X DAVID CARNEY 8604865000 2390 ALUMNI DRIVE UNIT 3206 STORRS CT 062693206 AMY YANCEY PRESIDENT AND CEO (AS OF 01/2024) 40.00 0.00 X X 0 0 0 CRAIG ASHMORE DIRECTOR, CHAIR 1.00 0.00 X X 0 0 0 JONATHAN L GREENBLATT INTERIM PRESIDENT & CEO (THRU 3/24) 40.00 0.00 X X 213246 0 17162 TRISHA BAILEY DIRECTOR (AS OF 10/2023) 1.00 0.00 X 0 0 0 GEORGE BARRIOS DIRECTOR (AS OF 10/2023) 1.00 0.00 X 0 0 0 MARK A BEAUDOIN DIRECTOR 1.00 0.00 X 0 0 0 ALAN R BENNETT DIRECTOR 1.00 0.00 X 0 0 0 LORI BIANCAMANO DIRECTOR 1.00 0.00 X 0 0 0 NOHA H CARRINGTON DIRECTOR (THRU 10/2023) 1.00 0.00 X 0 0 0 WILLIAM B CLEMENS III DIRECTOR (THRU 10/2023) 1.00 0.00 X 0 0 0 SUE A COLLINS DIRECTOR 1.00 0.00 X 0 0 0 ANGELO DEFAZIO DIRECTOR 1.00 0.00 X 0 0 0 CRAIG A DOUGLAS DIRECTOR 1.00 0.00 X 0 0 0 RICHARD ELDH DIRECTOR 1.00 0.00 X 0 0 0 AMY J ERRETT DIRECTOR, TREASURER 1.00 0.00 X X 0 0 0 JOHN FODOR SECRETARY 1.00 0.00 X X 0 0 0 DAVID H FORD DIRECTOR 1.00 0.00 X 0 0 0 CAROLINA GIRALDO DIRECTOR (THRU 10/2023) 1.00 0.00 X 0 0 0 STEVEN M GREENSPAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL G KOPPEL DIRECTOR 1.00 0.00 X 0 0 0 BENJAMIN W MICHELSON DIRECTOR (THRU 10/2023) 1.00 0.00 X 0 0 0 SURESH NAIR DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH E PARSONS DIRECTOR 1.00 0.00 X 0 0 0 BARBARA POREMBA DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM J QUINLAN III DIRECTOR (THRU 10/2023) 1.00 0.00 X 0 0 0 LORI RIISKA DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY RIZZA DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL K ROSEN DIRECTOR 1.00 0.00 X 0 0 0 LINDSAY SCHINE DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SHERMAN DIRECTOR (AS OF 10/2023) 1.00 0.00 X 0 0 0 PAULA SINGER DIRECTOR 1.00 0.00 X 0 0 0 CURTIS TEARTE DIRECTOR 1.00 0.00 X 0 0 0 MARK VERGNANO DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN WALSH DIRECTOR 1.00 0.00 X 0 0 0 JAMES F WHALEN JR DIRECTOR 1.00 0.00 X 0 0 0 DAVID CARNEY SVP FINANCE AND CFO 40.00 0.00 X 384883 0 59058 LAURA PADRON SVP ADVANCEMENT SERVICES 40.00 0.00 X 350279 0 51948 MO COTTON KELLY SVP STOCKHOLDER ENGAGEMENT 40.00 0.00 X 334657 0 61560 SUZANNE O'CONOR GENERAL COUNSEL 40.00 0.00 X 307217 0 29627 FRANK GIFFORD AVP DONOR RELATIONS 40.00 0.00 X 198681 0 48983 JENNIFER SARGENT VP FOR ADVANCEMENT SERVICES 40.00 0.00 X 243447 0 23725 MELISSA MAYNARD AVP FINANCE AND CONTROLLER 40.00 0.00 X 186538 0 45329 PETER LAMOTHE VP FOR DEVELOPMENT HEALTH SCIENCES 40.00 0.00 X 218073 0 50783 JACOB LEMON FORMER PRESIDENT & CEO 0.00 0.00 X 151572 0 22934 2588593 0 411109 47 1 1 0 APOLLOJETS LLC 9 EAST 37TH STREET 8TH FLOOR NEW YORK NY 10016 CHARTERING SERVICES 1318793 BLACKROCK FINANCIAL MANAGEMENT INC 40 EAST 52ND STREET NEW YORK NY 10022 ADVISORY SERVICES 750000 SIMPSON SCARBOROUGH LLC 2000 DUKE STREET SUITE 300 ALEXANDRIA VA 22314 MARKETING SERVICES 488447 STEPSTONE GROUP LP 4275 EXECUTIVE SQUARE SUITE 500 LAJOLLA CA 92037 ADVISORY SERVICES 475000 MARKETING SOLUTIONS UNLIMITED 109 TALCOTT ROAD WEST HARTFORD CT 06110 MAILING SERVICES 414453 16 517588 64914142 6898706 65431730 UNIVERSITY FEE FOR SERVICES 900099 13500000 13500000 UNIVERSITY ENDOWMENT ADMIN FEE 900099 353302 353302 13853302 18265491 197908 18067583 21010 -21010 -21010 -21010 120563 517588 120466 97 97 97529610 13853302 197908 18046670 49891647 49891647 1658432 566851 1091581 16236837 4314244 11922593 1390606 384713 1005893 2599785 699933 1899852 1304656 360590 944066 33431 33431 326557 326557 870295 870295 12792018 12792018 460667 184909 275758 76327 76327 899277 104656 794621 1723451 966079 757372 228081 44736 183345 661042 52000 609042 83251 16724 66527 394239 390955 3284 222245 60612 161633 181322 181169 153 SPECIAL EVENTS 1845423 109156 1736267 DONOR CULTIVATION 550335 2186 548149 SERVICES 184360 16125 168235 EQUIPMENT MAINTENANCE 161565 57417 104148 142778 41513 101265 94918627 49891647 21706574 23320406 36065436 48378386 85093631 81594823 217635 187515 7840 0 607048 486133 9635806 7319275 2523868 2316531 205545470 281963232 152972452 414189887 308371946 33572111 791405326 862688618 18425265 16081007 20781847 23547525 246027 206645 39453139 39835177 X 12339283 15671122 739612904 807182319 751952187 822853441 791405326 862688618 X 2610983 69233830 -943559 X 0 1 X 1 0 X 39475294 59430619 57328562 99205210 65431730 320871415 39475294 59430619 57328562 99205210 65431730 320871415 59485829 261385586 9157949 9740594 9955348 12322139 18067583 59243613 114612 38481 70150 229307 120563 573113 380688141 61580242 0.68660 0.70580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2019 AMOUNT: $ 114,612. 2020 AMOUNT: $ 38,481. 2021 AMOUNT: $ 70,150. 2022 AMOUNT: $ 229,307. 2023 AMOUNT: $ 120,563. 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IN ADDITION, THE FOUNDATION HAS ENTERED INTO CONTRACTS WITH THE DONORS FOR CHARITABLE GIFT ANNUITIES FOR WHICH THE FOUNDATION HAS ACCEPTED CONTRIBUTIONS. THE PRESENT VALUE OF THE LIABILITY FOR THE FUTURE PAYMENTS IS REFLECTED ON THE FOUNDATION'S BALANCE SHEET. THE FOUNDATION HAS A CONTRACTUAL ARRANGEMENT TO ACT AS THE UNIVERSITY'S AGENT IN MANAGING THE UNIVERSITY'S ENDOWMENT ASSETS, ENSURING CONSISTENT MANAGEMENT OF ENDOWMENT ASSETS THAT SUPPORT THE UNIVERSITY REGARDLESS OF ENTITY OWNERSHIP. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUND THE FOUNDATION'S ENDOWMENT FUNDS PROVIDE GRANTS TO THE UNIVERSITY OF CONNECTICUT. THE GRANTS MAY BE USED TO PROVIDE SCHOLARSHIPS TO UNIVERSITY OF CONNECTICUT STUDENTS, COMPENSATION AND RESEARCH SUPPORT FOR UNIVERSITY OF CONNECTICUT ACADEMIC AND ATHLETIC PROGRAMS. THE USE OF ALL ENDOWMENT FUNDS IS SUBJECT TO ANY RESTRICTION PLACED ON FUNDS BY DONORS. ALL DISBURSEMENTS ARE SUBJECT TO THE FOUNDATION'S POLICY ON DISBURSEMENTS, INCLUDING THE AMOUNT OF THE EXPENDITURE MUST BE REASONABLE, FOR A LEGITIMATE BUSINESS PURPOSE, AND WITH NO PRIVATE BENEFIT. PART X, LINE 2: THE FOUNDATION HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX FROM THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. DUE TO CERTAIN INVESTMENTS, THE FOUNDATION DOES HAVE UNRELATED BUSINESS INCOME, HOWEVER THE FEDERAL AND STATE TAX LIABILITIES HAVE BEEN IMMATERIAL. THE FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND BELIEVES IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -943,559. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS MOVED TO REVENUE -120,466. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS MOVED TO REVENUE 120,466. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 96609431 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 30589758 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 182880 NORTH AMERICA 0 0 FUNDRAISING 100433 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 3524 SUB-SAHARAN AFRICA 0 0 FUNDRAISING 2000 SOUTH AMERICA 0 0 FUNDRAISING 285 0 0 0 0 0 0 127488311 0 127488311 1 0 1 1 1 0 PART I, LINE 3: METHOD OF ACCOUNTING FOREIGN EXPENDITURES ARE SEPARATELY IDENTIFIED ON THE ORGANIZATION'S BOOKS AND RECORDS. X X X X X X 1 TAYMAR SALES U LLC 210 N PINE VALLEY ROAD WINSTON SALEM NC 27104 ATHLETIC FUNDRAISING 0 1455486 321407 1134079 SIMPSON SCARBOROUGH 2000 DUKE ST SUITE 300 ALEXANDRIA VA 22314 CAMPAIGN CONSULTING 0 0 315270 -315270 FIRSTNAME LLC 7900 XERXES AVENUE SOUTH SUITE 980 BLOOMINGTON MN 55431 CONSULTING 0 0 233618 -233618 1455486 870295 585191 AL AK AZ AR CA CO CT DE 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 RI SC SD TN TX UT VT VA WA WV WI WY DC MAYOR O' LEARY'S RETIREMENT RECEPT 446965 426465 20500 41636 6425 37TH JOE GIANNELI GOLF CLASSIC 94535 33702 60833 32934 5760 3 96651 57421 39230 32929 782 638151 517588 120563 107499 12967 120466 97 SECHEDULE G - ADDITIONAL INFORMATION AS REQUIRED, THE FOUNDATION IS REPORTING ALL EVENTS THAT HAD INCOME OR EXPENSES DURING THE FISCAL YEAR. IT IS POSSIBLE THAT SOME EVENTS MAY HAVE TAKEN PLACE IN THE PRIOR FISCAL YEAR, OR WILL BE HELD IN FUTURE YEAR. AS A RESULT, REVENUE OR EXPENSE AMOUNTS REPORTED FOR THE EVENT MAY NOT BE FINAL, OR PORTIONS MAY HAVE BEEN REPORTED IN THE PRIOR YEAR. 1 UNIVERSITY OF CONNECTICUT 352 MANSFIELD ROAD UNIT 2048 STORRS CT 06269 060772160 115 49891647 0 UNIVERSITY SUPPORT 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. FUND ADMINISTRATION STAFF RECEIVES APPROPRIATE DOCUMENTATION PRIOR TO MAKING DISBURSEMENTS TO ENSURE COMPLIANCE WITH GRANT RESTRICTIONS, AND TO ENSURE SUCH DISBURSEMENTS ARE REASONABLE. X X X 0 0 0 0 0 0 0 1 0 DAVID CARNEY SVP FINANCE AND CFO 344883 0 40000 0 0 0 26400 0 32658 0 443941 0 0 0 LAURA PADRON SVP ADVANCEMENT SERVICES 315279 0 35000 0 0 0 26400 0 25548 0 402227 0 0 0 MO COTTON KELLY SVP STOCKHOLDER ENGAGEMENT 294657 0 40000 0 0 0 26400 0 35160 0 396217 0 0 0 SUZANNE O'CONOR GENERAL COUNSEL 267217 0 40000 0 0 0 24838 0 4789 0 336844 0 0 0 PETER LAMOTHE VP FOR DEVELOPMENT HEALTH SCIENCES 218073 0 0 0 0 0 17925 0 32858 0 268856 0 0 0 JENNIFER SARGENT VP FOR ADVANCEMENT SERVICES 208447 0 35000 0 0 0 19755 0 3970 0 267172 0 0 0 FRANK GIFFORD AVP DONOR RELATIONS 197181 0 1500 0 0 0 16723 0 32260 0 247664 0 0 0 MELISSA MAYNARD AVP FINANCE AND CONTROLLER 162637 0 8229 0 15672 0 14179 0 31150 0 231867 0 0 0 JONATHAN L GREENBLATT INTERIM PRESIDENT & CEO (THRU 3/24) 213246 0 0 0 0 0 16077 0 1085 0 230408 0 0 0 JACOB LEMON FORMER PRESIDENT & CEO 151572 0 0 0 0 0 12217 0 10717 0 174506 0 0 0 PART I, LINE 7 NON-FIXED PAYMENTS THE FOUNDATION MAY GIVE PERFORMANCE-BASED AWARDS BASED ON FORMAL REVIEW AND WITH APPROVAL OF FOUNDATION MANAGEMENT AND BOARD. X 230 6898706 FMV 1 0 1 0 PART I, COLUMN (B): PART I COLUMN (B) IS BASED ON THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 AND PART III, LINE 1: ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, ALL FOR THE PUBLIC WELFARE, AND TO THIS END TO PROMOTE, ENCOURAGE AND ASSIST ALL FORMS OF EDUCATION, HEALTHCARE AND RESEARCH AT THE UNIVERSITY OF CONNECTICUT, INCLUDING WITHOUT LIMITATION, THE UNIVERSITY OF CONNECTICUT HEALTH CENTER; TO SOLICIT DONATIONS OF, ACCEPT AND RECEIVE PROPERTIES, MONEYS OR SECURITIES BY VIRTUE OF GIFT, GRANT, BEQUEST, DEVISE OR OTHERWISE, AND TO HOLD, CONTROL, ADMINISTER, INVEST, REINVEST, ACCUMULATE, AND GENERALLY CARE FOR ANY AND ALL FUNDS AND PROPERTY, REAL AND PERSONAL, WHICH FROM TIME TO TIME MAY BE GIVEN, GRANTED, BEQUEATHED, DEVISED OR OTHERWISE CONVEYED OR MADE AVAILABLE TO THE CORPORATION EITHER UNCONDITIONALLY, UPON CONDITION OR IN TRUST FOR SPECIFIED PURPOSES WITHIN THE LIMITATIONS OF THIS CERTIFICATE OF INCORPORATION; AND TO DISBURSE SUCH FUNDS AND PROPERTY, OR THE INCOME THEREFROM, IN AIDING, SUPPLEMENTING, IMPROVING AND ENLARGING THE EDUCATIONAL, CULTURAL, RECREATIONAL, HEALTHCARE AND RESEARCH FACILITIES AND ACTIVITIES OF THE UNIVERSITY OF CONNECTICUT, INCLUDING WITHOUT LIMITATION, THE UNIVERSITY OF CONNECTICUT HEALTH CENTER. FORM 990, PART III, LINE 4C ENDOWED CHAIRS AND PROFESSORSHIPS - THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVED GIFTS ON BEHALF OF DONORS RESTRICTED TO SUPPORT OF UNIVERSITY OF CONNECTICUT FACULTY COMPENSATION AND RESEARCH. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY AND STATE PERSONNEL POLICIES AND FOR W-2 REPORTING PURPOSES, THE UNIVERSITY PAYS ALL FACULTY DIRECTLY FOR COMPENSATION RELATED ITEMS. AFTER RECEIVING APPROPRIATE DOCUMENTS FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FACULTY COMPENSATION EXPENDITURES. FOR NON-COMPENSATION EXPENDITURES IN SUPPORT OF FACULTY (E.G. RESEARCH MATERIALS AND EQUIPMENT), GENERALLY THE EXPENDITURES IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY, THE FOUNDATION WILL PAY VENDOR DIRECTLY. FORM 990, PART VI, SECTION A, LINE 1A EXPLANATION OF DELEGATED BROAD AUTHORITY TO COMMITTEE THE FOUNDATION BOARD HAS GIVEN THE EXECUTIVE COMMITTEE THAT CONSISTS OF THE CHAIR, THE CHAIR OF THE NOMINATING AND BOARD GOVERNANCE COMMITTEE, THE PRESIDENT OF THE CORPORATION, THE PRESIDENT OF THE UNIVERSITY, AND THREE OR MORE AT-LARGE BOARD MEMBERS, FULL POWER AND AUTHORITY AS THE BOARD. THE EXECUTIVE COMMITTEE MAY MEET AND EXERCISE ALL SUCH POWERS AND AUTHORITY IN THE INTERIM BETWEEN THE MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE MAY NOT FILL BOARD VACANCIES, AMEND CERTIFICATE OF INCORPORATION, ADOPT, AMEND, OR REPEAL BYLAWS, APPROVE A PLAN OF MERGER, APPROVE A SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE PROPERTY OF A CORPORATION, OR APPROVE A PROPOSAL TO DISSOLVE THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM IS PREPARED BY GRANT THORNTON ADVISORS LLC AND REVIEWED BY MANAGEMENT AND THE FOUNDATION'S AUDIT COMMITTEE. THE FORM IS PROVIDED TO THE ENTIRE BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ANNUALLY, THE FOUNDATION'S BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE SENT A COPY OF THE FOUNDATION'S CONFLICT OF INTEREST QUESTIONNAIRE THAT THEY ARE REQUIRED TO COMPLETE AND RETURN TO THE FOUNDATION. THE RESPONSES ARE THEN REVIEWED BY THE FOUNDATION'S IN-HOUSE LEGAL COUNSEL, WITH ANY POTENTIAL CONFLICTS REVIEWED WITH THE NOMINATING AND GOVERNANCE COMMITTEE OF THE BOARD AND THE FULL BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW & APPROVAL PROCESS - CEO & TOP MANAGEMENT THE FOUNDATION'S SALARY STRUCTURE IS MARKET-DRIVEN AND UNDERGOES A RIGOROUS, PERIODIC REVIEW UNDER WHICH COMPENSATION LEVELS ARE COMPARED TO ORGANIZATIONS OF SIMILAR SIZE AND MISSION. THE SALARIES AND BENEFITS OF THE UCONN FOUNDATION'S OFFICERS AND KEY EMPLOYEES ARE SUBJECT TO APPROVAL IN ADVANCE OF PAYMENT BY A MAJORITY OF DISINTERESTED DIRECTORS ON THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE OFFICERS AND KEY EMPLOYEES ARE NOT IN A POSITION OF CONTROL WITH RESPECT TO THE COMMITTEE. THE COMMITTEE RELIES ON APPROPRIATE COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF THE COMPENSATION PACKAGES. MINUTES ADEQUATELY DOCUMENTING THE BASIS FOR THE EXECUTIVE COMMITTEE'S DECISIONS ARE MAINTAINED. THE APPROVAL OF COMPENSATION PACKAGES OCCURS IN MAY OR JUNE FOR COMPENSATION TO BE PAID IN THE SUBSEQUENT FISCAL YEAR, OR AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FOUNDATION'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE POSTED ON THE FOUNDATION'S WEBSITE. THE FOUNDATION'S ARTICLES OF INCORPORATION, IRS DETERMINATION LETTER, AND BYLAWS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -943,559. CHARITABLE REMAINDER TRUST (4) DEVELOPMENT CT N/A 0 HORSEBARN HILL INVESTMENT FUND LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN CJ KY1-1104 INVESTMENT CJ UCONN FDN C 4776660 20908739 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 HORSEBARN HILL INVESTMENT FUND LTD C 40700000 FMV SCHEDULE R - RELATED ORGANIZATIONS WHILE THE MISSION OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY, UNDER IRS INSTRUCTIONS, THE UNIVERSITY DOES NOT MEET THE DEFINITION OF A "RELATED ORGANIZATION". THE FOUNDATION HAS NINE EX-OFFICIO BOARD MEMBERS, SIX OF WHOM SERVE BY VIRTUE OF THEIR POSITION AS A UNIVERSITY EMPLOYEE. NONE OF THE SIX UNIVERSITY EMPLOYEES ARE COUNTED IN DETERMINING QUORUM AND NONE ARE ENTITLED TO VOTE ON MATTERS BEFORE THE BOARD. NO COMPENSATION IS PAID BY THE FOUNDATION FOR THEIR SERVICE AS DIRECTORS.