| FORM 990, PART VI, SECTION A, LINE 1A |
COMPOSITION OF THE BOARD OF DIRECTORS: THE BOARD OF DIRECTORS OF THE FOUNDATION CONSISTS OF ELEVEN VOTING MEMBERS AND FOUR, EX-OFFICIO, NON-VOTING MEMBERS. VOTING BOARD MEMBERS CONSIST OF TEN COMMUNITY MEMBERS AND THE PRESIDENT OF THE FOUNDATION. NON-VOTING BOARD MEMBERS CONSIST OF THE PRESIDENT OF COLORADO STATE UNIVERSITY, THE VICE PRESIDENT FOR UNIVERSITY OPERATIONS, THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, AND A MEMBER OF THE UNIVERSITY'S BOARD OF GOVERNORS WHO HOLDS THE POSITION OF LIAISON TO THE FOUNDATION. |
| FORM 990, PART VI, SECTION B, LINE 11B |
REVIEW OF 990: AS DOCUMENTED IN MEETING MINUTES, THE FOUNDATION'S BOARD OF DIRECTORS HAS BEEN ENGAGED IN THE REPORTING REQUIREMENTS OF FORM 990. AT THE BOARD MEETING PRIOR TO FILING THE FORM 990, EACH DIRECTOR RECEIVED, REVIEWED AND APPROVED A COPY OF THE COMPLETED FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C |
CONFLICT OF INTEREST POLICY: DIRECTORS OF THE FOUNDATION'S BOARD AND EMPLOYEES OF THE FOUNDATION ARE PROVIDED COMPANY POLICIES ON OR BEFORE THEIR FIRST DATE OF SERVICE FOR THE FOUNDATION. ALL DIRECTORS AND KEY EMPLOYEES OF THE FOUNDATION'S BOARD ARE REQUESTED TO COMPLETE AND SUBMIT A DISCLOSURE OF POTENTIAL AND KNOWN CONFLICT(S) OF INTEREST ANNUALLY OR MORE FREQUENTLY IF CONFLICTS ARISE SOONER. ANY DISCLOSED RELATIONSHIPS ARE DISCUSSED WITH LEGAL COUNSEL AND A DETERMINATION MADE AS TO WHETHER THE RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST. SHOULD A CONFLICT OF INTEREST BE DETERMINED TO EXIST, THE BOARD IS INFORMED AND THE BOARD DETERMINES APPROPRIATE ACTION IF NECESSARY. SUCH ACTION MAY INCLUDE PROHIBITING THE DIRECTOR FROM PARTICIPATING IN CERTAIN DELIBERATIONS AND DECISIONS OR RECUSING THE DIRECTOR FROM THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION POLICY: THE FOUNDATION'S PROCESS FOR DETERMINING COMPENSATION OF ALL OF ITS EMPLOYEES BEGINS WITH IDENTIFYING RESPONSIBILITIES OF THE POSITION. SALARIES ASSOCIATED WITH COMPARABLE POSITIONS WITHIN THE NONPROFIT SECTOR AND GEOGRAPHIC AREA ARE CONSIDERED, AS WELL AS THE EMPLOYEE'S RELEVANT EXPERIENCE AND EDUCATION. SALARY AND WAGE RATES FOR NEW EMPLOYEES AND ANY CHANGES TO PAY RATES ARE APPROVED BY THE PRESIDENT/CEO OR HIS/HER DESIGNEE. THE CHAIRPERSON OF THE FOUNDATION'S BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE PRESIDENT/CEO USING THE FOREMENTIONED PROCESS AND PROPOSES THE COMPENSATION OR CHANGES TO COMPENSATION TO THE VOTING DIRECTORS FOR APPROVAL. THE PRESIDENT/CEO DETERMINES THE COMPENSATION FOR OTHER TOP OFFICIALS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION ON AN INDIVIDUAL POSITION BASIS FOR OTHER TOP OFFICIALS IN CONJUNCTION WITH ITS REVIEW AND APPROVAL OF THE FOUNDATION'S BUDGET. BOARD-APPROVED COMPENSATION AND CHANGES IN COMPENSATION ARE COMMUNICATED BY THE CHAIRPERSON TO THE PRESIDENT/CEO AND CFO. APPROPRIATE DOCUMENTATION OF THE COMPENSATION PROCESS IS MAINTAINED IN THE FOUNDATION'S RECORDS. |
| FORM 990, PART VI, SECTION C, LINE 19 |
DISCLOSURE OF DOCUMENTS TO THE PUBLIC: THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, IRS FORM 990, AND IRS FORM 1023 ARE AVAILABLE VIA THE FOUNDATION'S WEBSITE AT WWW.CSUFOUNDATION.ORG. ALSO AVAILABLE ON ITS WEBSITE IS THE FOUNDATION'S OPEN RECORDS POLICY WHICH ADDRESSES WHAT RECORDS ARE CONSIDERED PUBLIC RECORDS OPEN FOR INSPECTION AND THE PROCESS FOR REQUESTING SUCH RECORDS. |
| FORM 990, PART XI, LINE 9: |
ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS 362. NET INVESTMENT GAINS ON DEPOSITS HELD IN CUSTODY FOR CSU 488,128. TRANSFERS FROM CSU RESEARCH FOUNDATION 277,266. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS -4,144,165. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -591,241. |
Attach to Form 990 or 990-EZ.