2025-02-06T11:23:32-06:00 2024-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2023-07-01 237066616 PURCHASE COLLEGE FOUNDATION INC C/O SUNY PURCHASE PURC 9142516045 735 ANDERSON HILL ROAD PURCHASE NY 10577 SUELLEN MCAVOY PELUSO BOARD CHAIR 9142516139 2025-02-03 1 0 ARIEL F RUIZ P01346991 5184644080 2025-02-03 2023 2025-03-06 01:10:19Z SUELLEN MCAVOY PELUSO 735 ANDERSON HILL ROAD PURCHASE NY 10577 114340053 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. 17 16 0 17 0 0 1627506 2462202 265840 282314 1327953 477574 0 0 3221299 3222090 2299228 2418752 0 0 1100504 2362047 0 0 684525 2586729 2686551 5986461 7467350 -2765162 -4245260 96828921 101750121 11345788 11930296 85483133 89819825 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 2244059 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. 2418752 2418752 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 2023-2024 ACADEMIC YEAR, 701 STUDENTS WERE RECIPIENTS OF SCHOLARSHIPS FROM THE PURCHASE COLLEGE FOUNDATION. 1156969 13375 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. 706939 OTHER PROGRAM SERVICES 706939 6526719 1 1 0 0 0 0 0 0 0 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 1 0 0 0 0 1 0 0 0 1 155 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 1 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 EMERITA 1.00 X 0 0 0 DAVID FLEISHER TRUSTEE 1.00 X 0 0 0 SUELLEN PELUSO CHAIR 1.00 X X 0 0 0 CLIFFORD ARONSON VICE CHAIR 1.00 X 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 JASON SOTO EX-OFFICIO (NON-VOTING) 15.00 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 VICE CHAIR 1.00 X 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 REED ELFENBEIN SECRETARY 1.00 X X 0 0 0 ROY MOSKOWITZ TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 MCALLISTER AND QUINN LLC 1625 EYE STREET NW SUITE 750 WASHINGTON DC 20006 GRANT CONSULTING 118929 1 2462202 2462202 OTHER INCOME 711190 282314 282314 282314 2206607 2206607 109388930 111117963 -1729033 -1729033 -1729033 3222090 282314 0 477574 2418752 2418752 2359246 2018430 340816 2801 2801 20652 20652 75000 75000 27327 27327 463157 189882 766 272509 1216 1216 608858 504383 85324 19151 104296 86928 1938 15430 38601 38601 PROGRAM ACTIVITIES AND 1269676 1268077 1599 REPAIRS AND MAINTENANCE 38556 38556 PRINTING AND POSTAGE 27680 27680 OTHER EXPENSES 10958 -2880 6498 7340 574 574 7467350 6526719 256106 684525 1455178 1349819 847378 847378 505791 353759 35651798 69582872 58367354 29616755 1422 -462 96828921 101750121 241705 434036 63230 45078 11040853 11451182 11345788 11930296 X 8414446 9938799 77068687 79881026 85483133 89819825 96828921 101750121 -4245260 8581952 0 X 0 1 X 1 0 X 1385211 2097359 2278857 1627506 2462202 9851135 1069592 1022006 990436 839450 580988 4502472 2454803 3119365 3269293 2466956 3043190 14353607 856497 13497110 1220665 1745558 1317169 1419457 2206607 7909456 22263063 2615372 0.60630 0.62890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 79817600 929248 7647937 1418800 4558617 82417368 77354169 556057 6621844 1145581 3568889 79817600 90209904 944302 -8809815 969007 4021215 77354169 74412640 1564999 18385836 1692146 2461425 90209904 77949084 565797 -406578 2006769 1688894 74412640 0.08000 0.53000 0.39000 0 0 0 HEDGE FUNDS 11612158 F VANGUARD 500 INDEX FUND 12312700 F ISHARES RUSSELL MIDCAP 5691897 F 29616755 DUE TO PURCHASE COLLEGE 89063 DUE TO PURCHASE COLLEGE ASSOCIATION (PCA) 248 DUE TO RESEARCH FOUNDATION FOR SUNY 60116 INVESTMENTS HELD FOR OTHERS (PCA AND FRIENDS) 11297855 GIFT ANNUITY PAYABLE 3900 11451182 12357703 8581952 580988 9162940 3194763 27327 27327 3222090 8021011 580988 580988 7440023 27327 27327 7467350 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 1 THE STELTER COMPANY 10435 NEW YORK AVE DES MOINES IA 50322 PLANNED GIVING PROGRAM - WEBSITE AND EMAILS 0 0 974 -974 MCALLISTER & QUINN LLC 1030 15TH STREET NW SUITE 590 WEST WASHINGTON DC 20005 GRANT WRITING SERVICES 0 0 118929 -118929 THE TAGS GROUP 364 W 18TH ST 6G NEW YORK NY 10011 MARKETING COMMUNICATIONS & EVENT SUPPORT 0 0 98053 -98053 217956 -217956 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 1 SCHOLARSHIPS ARE GIVEN TO STUDENTS BASED ON NEED, ACADEMIC PERFORMANCE, AND ARTISTIC ACHIEVEMENTS. 701 2418752 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. X 1 549347 FMV X THEATER EQUIPMENT 2 118386 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 ON AUGUST 7, 2024 THE FOLLOWING WAS ADDED TO THE BY-LAWS: ARTICLE XVI POLICY REGARDING INQUIRIES SECTION 16.1. THE CORPORATION IS AN INDEPENDENT SECTION 501(C)3 CORPORATION FORMED UNDER THE NEW YORK STATE EDUCATION LAW, AND ITS RELATIONSHIP WITH SUNY AND THE COLLEGE IS GROUNDED IN WELL-ESTABLISHED STANDARDS SET BY SUNY'S FOUNDATIONS GUIDELINES FOR STATE-OPERATED CAMPUSES (SUNY DOC. 9600) AND THE FOUNDATION MODEL AGREEMENT ATTACHED THERETO, WHICH DETAILS COMPLIANCE BY THE CORPORATION WITH APPLICABLE LAWS, RULES, ORDERS, REGULATIONS AND REQUIREMENTS OF FEDERAL, STATE AND MUNICIPAL GOVERNMENTS APPLICABLE TO ITS OPERATION. SECTION 16.2. THE FOUNDATION MODEL AGREEMENT BETWEEN THE CORPORATION AND SUNY RECOGNIZES, AMONG MANY ITEMS INCORPORATED IN ITS RELATIONSHIP, THE SOLE RESPONSIBILITY AND AUTHORITY OF THE CORPORATION REGARDING ITS INVESTMENT PRACTICES AND POLICIES AND MANAGEMENT OF ASSETS. THE FOUNDATION MODEL AGREEMENT FURTHER PROVIDES THAT NEITHER THE CORPORATION NOR THE COLLEGE IS AUTHORIZED TO MAKE ANY COMMITMENT OR INCUR ANY EXPENSE OR LIABILITY ON BEHALF OF THE OTHER WITHOUT WRITTEN AUTHORIZATION. SECTION 16.3. CONSISTENT WITH THE FOREGOING, ALL INQUIRIES AND REQUESTS REGARDING THE CORPORATION'S POLICIES AND PRACTICES MUST BE IN WRITING AND DIRECTED TO THE CHAIR OF THE BOARD OF TRUSTEES OF THE CORPORATION. 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 RD PURCHASE NY 10577 134086734 RESIDENTIAL HOUSING NY 501(C)(3) LINE 10 0 PURCHASE HOUSING CORPORATION II 735 ANDERSON HILL RD PURCHASE NY 10577 821262347 RESIDENTIAL HOUSING NY 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0