i. ii. · required to submit budgets to the bot for review. based upon the last meeting with the...

Executive Committee Meeting of the UWF Foundation, Inc. Board of Directors

May 16, 2019 FPAN Building, 2nd Floor

3:30 p.m. – 5:00 p.m.

Agenda

I. Opening Remarks / Announcements Gail Dorsey

II. Officer Reports a. Call to order / Agenda Gail Dorsey b. Roll Call / Quorum / Approval of Minutes* Richard Peterson

III. Information Reports

a. University Update Martha Saunders b. Advancement Report Howard Reddy c. CFO Report Daniel Lucas

IV. Committee Reports

a. Investment Jason Crawford • Performance Report • Due Diligence Report • Policy Review* • Committee Actions, if any*

b. Audit / Budget David Hightower • Budget and Financial Reports • Operating Budget

o Housing* o Foundation*

c. Nominating Gordon Sprague • Approval of slate Board Member nominees*

V. Other Business

a. Executive & Key Employee Compensation Review* Howard Reddy b. 2019-20 Foundation Board Meeting Calendar

VI. Closing remarks from the Chair Gail Dorsey

VII. Adjourn

* Denotes possible action items.

To attend via conference call or to file a proxy, please contact Lisa Mrahi (474-2293) or Daniel Lucas (474-3380) at least 3 business days prior to the meeting.

Please RSVP to Lisa Mrahi at 474-2293 or [email protected]

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UWF FOUNDATION, INC. EXECUTIVE COMMITTEE MEETING

FPAN Building, 2nd floor, Classroom February 21, 2019, 3:30 p.m. – 5:00 p.m.

Present: Members: Chair Gail Dorsey, Dave Cleveland, Jason Crawford and Gordon Sprague Staff: Howard Reddy, Dan Lucas, E. Jan Butts, Claire Stewart and Lisa Mrahi Call to Order: Chair Dorsey called the meeting to order at 3:30 p.m. Staff confirmed quorum achieved. New Staff: Chair Dorsey introduced Lisa Mrahi to the Executive Committee. Lisa will join the Division of Advancement on February 25, 2019 as an Executive Specialist and will provide administrative support to the Foundation Board of Directors. Minutes: The committee members reviewed the minutes of the meeting held on November 16, 2018. Gordon Sprague made a motion to accept the minutes as presented. Richard Peterson seconded the motion, and motion carried with all voting in favor. Advancement Report: Howard Reddy presented University Advancement highlights. During this fiscal year, total gifts of $7,348,531 have been received including new pledges and planned gifts. Howard provided a list of major donors and provided an overview of current KPI results for gift and donor types as well as board giving. This year’s faculty and staff campaign has begun with volunteer peer communicators encouraging one-time and payroll gifts. The response has been positive. The next alumni event is February 25th in Atlanta. The number of student ambassadors for spring semester increased to 42 and the program recently received a grant of $5,000 grant for training. The JCPenney Suit Up program was a huge success with over 385 students participating. The program allows students and alumni to purchase processional wear at discounted prices. Over $10,000 in gift cards were awarded to students funded by donations. University Update: Due to conflicts in schedule, President Saunders was not able to attend the Executive Committee meeting. CFO Report: Staff is reviewing gift process times with the objective of finding ways to improve efficiencies. The goal is to minimize the number of days from receipt of gift to thanking the donor with a signed letter. Next fiscal year budgets are currently being prepared. DSO’s are now required to submit budgets to the BOT for review. Based upon the last meeting with the BOT, budget formats will probably be adjusted to support conformity. In September 2018, the Florida legislature enacted new regulations that affect University direct service organizations (DSO). The Board of Trustees (BOT) must approve Board of Director (BOD) members. This revision requires a change in standard of reporting from FASB to GASB.

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Committee Reports: Investment Committee: The Investment Committee recommended a change to the asset allocation guidelines for alternative assets and MLP’s. Jason Crawford made a motion to recommend the proposed asset allocation changes and to bring a vote to the full board. Gordon Sprague seconded the motion, and the motion carried with all voting in favor. Based upon a recommendation from the investment advisor, the committee considered the investment in Portfolio Advisors Private Equity Fund X. Jason Crawford made a motion to invest $5,000,000 in the fund and to bring a vote to the full board. Gordon Sprague seconded the motion, and motion carried with all voting in favor. Jason Crawford reported that the committee approved the liquidation of William Blair Institutional International Growth and swap positions with an investment in WCM Focused International Growth. The proposed liquidation and purchase is within the approved asset allocation guidelines for international equities. The Foundation hosted its second Investment Management Breakfast at Pensacola Yacht Club. Portfolio Advisors presented with an overview of private equity and credit markets. There were approximately 56 attendees including staff. Several guest participants have reached out to BOD members to thank them for the opportunity. Audit/Budget Committee: Gail Dorsey reviewed Housing’s budget to actual noting that repairs and replacement expenditures are slightly over budget from transportation and disposition costs from last summer’s furniture replacements and kitchen upgrades. Revenues remain flat. Housing has enhanced its marketing campaign and the number of applications appear to be increasing. Housing maintains required debt service ratios and has significant cash reserves. The budget model for next fiscal year will reflect a realistic forecast of occupancy. Students, faculty and staff will be invited to an upcoming open house for all University resident buildings. Nominating Committee: Mr. Sprague noted that the names of seven candidates have been submitted as potential Board of Director membership. Staff was requested to contact these candidates and request a resume or bio with an established deadline for responding. In June 2019, three members are eligible for re-appointment and two member terms will expire. Other business: Mrs. Dorsey brought to the attention of the committee the current calendar of events and happenings and encouraged members to attend events as schedules permit. There being no further business, the meeting was adjourned at 4:30 pm. Minutes recorded by Lisa Mrahi February 21, 2019

Budget Base

The three year average of the total pooled investments as of June 30, 2018 was

$86,157,284

Policy

Operating Budget Spending: Generally, two percent (2%) of three year average of the market value of the investment portfolio will be used to fund the operating budget. Pursuant to the proposal adopted by the Board of Directors, the goal is to reduce the operating budget from two percent (2%) to one and one-half percent (1.5%) of the total investment assets. As such, for each $1,000,000 increase in market value of the investment portfolio above $50,000,000, the percentage for the operating budget will decrease by one basis point (0.01%), reaching the objective of 1.5% with assets of $100,000,000. Using this formula, the budget rate for FY 2020 is 1.64%.

Historical Budget Calculation

1.64% of $86,157,284 = $ 1,412,979

Revised Budget Calculation

1.75% of $86,157,284 = $1,507,752

(remain at 1.75%)

The resulting total dollar budget represents an increase over the prior year of $141,033 or 10.32%.

UNIVERSITY OF WEST FLORIDA FOUNDATION, INC.

Endowment Allocations and Administrative Fees Policy

Approved by Foundation BOD March 10, 2011 Revised & Approved June 6, 2011 Revised & Approved December 8, 2011 (rates) Revised & Approved February 14, 2012 Revised & Approved August 31, 2012 Revised & Approved December 13, 2012 Revised & Approved December 12, 2013 Revised & Approved June 23, 2015 Revised & Approved November 12, 2015 Revised & Approved June 28, 2017

I. ENDOWMENT ALLOCATION POLICY General Purpose: The University of West Florida Foundation Investment Committee manages the endowment allocation rate annually to ensure intergenerational equity in applying funds for the donors’ intended purpose. Endowment Allocation: The allocation rate is calculated on a three year average of the market value of the endowments as of June 30. Spending is awarded for endowments (>$25k) after a one year waiting period. Donors are encouraged to provide separate funding if spending (i.e. a named scholarship award) is desired prior to the end of the waiting period. For the FY17-18 academic year, the approved spending rate is four percent (4%). Underwater Endowments: The University of West Florida Foundation strives to balance the donor’s desire to fund current program, faculty, and scholarship needs with the commitment to preserve over time the donor’s gifts to the endowment corpus. Furthermore, the Foundation takes seriously its responsibility to provide prudent fiduciary management, oversight of the endowments, and intergenerational equity. However, the Foundation is aware that despite utilizing a well diversified investment portfolio strategy and the best good faith efforts of its Board members there will be times when the fair market value of an endowment may fall below the endowment corpus value creating underwater endowments. In the event an endowment falls underwater, the Foundation will use a 25% step down allocation method to slow the allocation from the endowment. For each 10% an endowment is underwater, the endowment allocation (exclusive of the operating allocation) will be reduced by 25%. For example, an endowment 9% underwater would receive 75% of its endowment allocation as calculated using the formula above and an endowment 14% underwater would receive 50% of its endowment allocation as calculated using the formula above, and so forth. Any endowment more than 30% underwater will receive no endowment allocation. The intent of this policy is to attempt to continue to provide allocation to support the scholarships, programs, and faculty as designated by the donor and within the limits of Florida laws, while also allowing the endowment to recover more quickly from economic downturns. II. ADMINISTRATIVE FEES General Purpose: The Foundation strives to utilize an equitable fee structure to fund the cost of operations. Administrative fees are used to fund the tasks associated with pursuing, managing and investing the various types of funds held by the Foundation. These fees are essential support necessary to The University of West Florida Foundation’s overall operation. The fee structure and rates are reviewed annually by The University of West Florida Foundation Investment Committee.

• Management Fees Charged to the Endowments (Operating Budget):

Because of the long range nature of the invested assets of the endowments, the Foundation assesses a management fee on market value of all endowments. This fee is used for overseeing the endowment’s share of the invested assets and operations of the Foundation.

Generally, two percent (2%) of a three year average of the market value of the investment portfolio will be used to fund the operating budget. To accommodate both the needs of the university and keeping with the goal of managing the endowment portfolio for the long term the Board of Directors has fixed the amount at a rate of 1.75%. Pursuant to the proposal adopted by the Board of Directors, the goal is to reduce the operating budget from two percent (2%) to one and one-half percent (1.5%) of the total investment assets. As such, for each $1,000,000 increase in market value of the investment portfolio above $50,000,000, the percentage for the operating budget will decrease by one basis point (0.01%), reaching the objective of 1.5% with assets of $100,000,000.

• Administrative Fees on Courtelis Funds:

The Foundation adheres to Florida State Statute 1013.79 “University Facility Enhancement Challenge Grant Program” for The Courtelis Matching State Program. Per the Statute, the Foundation is obligated to preserve the original gift and invest the gift in such a way as to assure that the original gift is intact. This fee policy is established to insure compliance with Florida Statue.

While the Foundation actively solicits and manages Courtelis gifts, these accounts will be charged one quarter of one percent of market value each quarter. The fee will be paid from invested earnings not to exceed the appreciation.

• Administrative Fees on Housing Revenue:

A set percentage fee will be assessed on annual total revenue. The fee will cover Housing’s share of costs associated with insurance, software maintenance, audit fees and staff support.

• Administrative Fees on Non Endowed Gifts and Revenue:

A one-time fee is applied to all gifts and other revenue to non endowed accounts and assessed at month-end. An exception is made for gifts from non-profit foundations that explicitly state in their bylaws or written policies that they do not pay administrative fees. This fee is used to support transactional activities and cost of operations associated with non endowed gifts.

Gift Type Fee Method 2019 – 2020 Rate Endowment 1.5 – 2.0% on 3yr Average Balance 1.75% Courtelis .25% per quarter 1% Housing Based on Annual Total Revenue 1.25% Non Endowed Per gift or other revenue 3.0%

The University of West Florida Foundation, Inc.Earnings vs Expenses Obligated

As of March 31, 2019

Investment Earnings 9/30/2018 12/31/18 03/31/19 To DateInterest Income 21,441.96$ 24,148.23$ 25,202.23$ 70,792.42$ Dividend Income 233,603.47 649,101.02 204,724.36 1,087,428.85 Realized Gain/Loss 3,176,980.43 1,648,431.68 393,777.35 5,219,189.46 Unrealized Gain/Loss (1,147,538.25) (11,180,414.91) 6,694,011.24 (5,633,941.92) Rental Income - -

Other Charges & Fees (1,341.57) (934.00) (175.00) (2,450.57) Investment Fees (36,726.23) (35,137.81) (30,665.57) (102,529.61) Consultant Fees (22,869.66) (23,194.07) (20,846.90) (66,910.63)

Total 2,223,550.15$ (8,917,999.86)$ 7,266,027.71$ -$ 571,578.00$

Expenses Obligated

Spending Rate @ 4.00%FY 18/19

Spending Rate @ 4.00%

FY 17/18


FY 16/17


FY 15/16


FY 14/15Investment Earnings $ 571,578.00 $ 6,829,701.07 $ 10,473,662.14 $ (2,061,514.57) $ 1,869,144.65

Dept. Allocated Spending 2,606,226.38 2,451,182.84 2,218,141.35 2,169,804.07 2,061,362.98 Operating Budget 1,366,719.00 1,333,148.00 1,298,107.00 1,249,987.00 1,195,873.00 Non-Endowed Budget 591,000.00 511,000.00 473,000.00 429,000.00 393,000.00

Total Committed Expenses 4,563,945.38 4,295,330.84 3,989,248.35 3,848,791.07 3,650,235.98

Income Versus Expenses (3,992,367.38)$ 2,534,370.23$ 6,484,413.79$ (5,910,305.64)$ (1,781,091.33)$

Other UWF Foundation Assets

Charitable Gift Annuity

Definition: A charitable gift annuity enables you to transfer cash or marketable securities to the charitable organization issuing the gift annuity in exchange for a current income tax deduction and the organization'spromise to make fixed annual payments to you for life. Annuity payments can begin immediately or can bedeferred to some future date.

Current Assets held by the UWF Foundation as of 3/31/2019

Cornerstone 2,957,924.18$

Annuitant 1 -$

Annuitant 2 14,091.75$

Annuitant 3 2,866,733.06$

Annuitant 4 77,099.36$

Annuity Commitments as of 6/30/2018:

Commitment AgeAnnuitant 1 -$ Deceased

Annuitant 2 6,421.39$ ** 88 @ 06.30.18

Annuitant 3 1,584,105.68$ ** 92 @ 06.30.18

Annuitant 4 44,390.24$ ** 76 @ 06.30.18

**6.30.18 FASB Balances adjusted for Annuity Payments; alignment of calculation done by Cornerstone fiscal year end.

InsuranceInsurance Commitments as of 6/30/2018 ***

Face Value Cash Value Interest Credit Cost Per Year

Insurant 1 100,000$ 42,397.41$ 2,782.50$ 870.80$

Insurant 2: Note (1) 25,000$ 25,271.23$ -$ -$

Insurant 3 100,000$ 14,411.02$ 936.31$ 962.14$

Insurant 4 1,000,000$ 221,411.87$ -$ 65,000.00$

***Numbers represent 6.30.18 balances as information is only supplied at year end from insurance companies.

Note (1) - Represents actual claim payout received in August 2018.

University of West Florida FoundationIncome Statement

Housing Budget to Actual for the UWF Foundation Board

Actual Budget Variance Amt. Variance % Actual to Date Budget to Date Variance Amt. Variance % Budget 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 6/30/2019 Notes

Revenues 97-42113 INTEREST INCOME - HOUSING $8,285.53 $3,235.00 $5,050.53 156.12% $25,540.94 $10,900.00 $14,640.94 134.32% $14,500.00 97-42114 INTEREST INCOME - SPIA $38,987.21 $26,400.00 $12,587.21 47.68% $86,235.21 $83,160.00 $3,075.21 3.70% $132,000.00 97-43012 RENTAL INCOME - HOUSING $3,397,992.59 $3,677,056.02 ($279,063.43) (7.59%) $7,626,230.43 $8,265,572.95 ($639,342.52) (7.74%) $9,268,907.27 1 97-44000 CONCESSIONS REVENUE $22,567.50 $11,809.68 $10,757.82 91.09% $42,217.55 $32,446.16 $9,771.39 30.12% $45,000.00 97-45000 OTHER INCOME - HOUSING $44,476.64 $58,095.60 ($13,618.96) (23.44%) $152,461.73 $147,917.60 $4,544.13 3.07% $200,000.00Total Revenues $3,512,309.47 $3,776,596.30 ($264,286.83) (7.00%) $7,932,685.86 $8,539,996.71 ($607,310.85) (7.11%) $9,660,407.27

Expenses 97-51010 SALARIES - FACULTY & STAFF $226,496.39 $276,110.66 $49,614.27 17.97% $568,031.89 $716,110.66 $148,078.77 20.68% $1,020,979.29 97-51137 OPS - STAFF $151,436.01 $196,350.48 $44,914.47 22.87% $409,855.39 $512,972.55 $103,117.16 20.10% $1,292,519.99 97-52110 TRAVEL $3,607.35 $4,880.00 $1,272.65 26.08% $6,124.21 $21,360.00 $15,235.79 71.33% $23,690.00 97-53150 CONCESSION EXP - HOUSING $10,785.97 $14,392.40 $3,606.43 25.06% $36,320.11 $50,391.11 $14,071.00 27.92% $67,618.00 97-54100 PROFESSIONAL DEVELOPMENT $4,086.98 $1,978.00 ($2,108.98) (106.62%) $6,972.98 $5,750.00 ($1,222.98) (21.27%) $6,750.00 2 97-54110 MEMBERSHIPS & DUES $70.00 $600.00 $530.00 88.33% $340.00 $1,800.00 $1,460.00 81.11% $1,800.00 97-55100 RECRUITMENT - TRAVEL $0.00 $1,500.00 $1,500.00 100.00% $0.00 $3,000.00 $3,000.00 100.00% $3,000.00 97-55110 RECRUITMENT - MEALS $156.83 $850.00 $693.17 81.55% $356.39 $2,150.00 $1,793.61 83.42% $2,150.00 97-70100 OFFICE EXPENSES - COPYING $630.10 $810.96 $180.86 22.30% $1,972.52 $3,220.02 $1,247.50 38.74% $4,000.00 97-70110 OFFICE EXPENSES - POSTAGE $35.57 $200.00 $164.43 82.22% $105.33 $1,000.00 $894.67 89.47% $1,500.00 97-70120 OFFICE EXPENSES - PRINT/DUPL $961.74 $800.00 ($161.74) (20.22%) $2,478.77 $2,500.00 $21.23 0.85% $3,000.00 97-70130 OFFICE EXPENSES - MKTG COMM $220.61 $9,000.00 $8,779.39 97.55% $5,141.10 $24,000.00 $18,858.90 78.58% $30,000.00 97-70140 OFFICE SUPPLIES $684.50 $1,430.66 $746.16 52.15% $3,193.56 $4,623.33 $1,429.77 30.93% $6,000.00 97-70200 COMPUTER SUPPLIES $0.00 $120.00 $120.00 100.00% $0.00 $420.00 $420.00 100.00% $420.00 97-70220 COMPUTER - SOFTWARE SUPPORT $6,000.00 $8,862.65 $2,862.65 32.30% $68,025.63 $70,252.05 $2,226.42 3.17% $83,500.00 97-70300 TELEPHONE $2,607.25 $3,100.00 $492.75 15.90% $7,894.51 $10,550.00 $2,655.49 25.17% $13,000.00 97-71100 EQUIPMENT - GENERAL $37.98 $400.00 $362.02 90.51% $177.39 $2,300.00 $2,122.61 92.29% $2,500.00 97-71200 EQUIPMENT - COMPUTER $508.06 $1,500.00 $991.94 66.13% $4,117.35 $7,000.00 $2,882.65 41.18% $8,000.00 97-72110 CLEANING SUPPLIES $6,222.23 $4,587.44 ($1,634.79) (35.64%) $18,935.14 $13,878.18 ($5,056.96) (36.44%) $20,000.00 3 97-72200 HSG REPAIR & MAINT. - MISCELLANEOUS $3,168.68 $4,500.00 $1,331.32 29.58% $12,137.08 $15,300.00 $3,162.92 20.67% $20,000.00 97-72210 HSG REPAIR & MAINT.- TOOLS $0.00 $500.00 $500.00 100.00% $992.26 $2,000.00 $1,007.74 50.39% $2,000.00 97-72215 HSG REPAIR & MAINT. - LOCKS & KEYS $0.00 $500.00 $500.00 100.00% $776.02 $3,100.00 $2,323.98 74.97% $3,600.00 97-72220 HSG REPAIR & MAINT. - LANDSCAPING $198.66 $3,018.50 $2,819.84 93.42% $1,283.95 $12,801.48 $11,517.53 89.97% $15,000.00 97-72225 HSG REPAIR & MAINT. - PLUMBING $873.97 $500.00 ($373.97) (74.79%) $1,098.97 $1,200.00 $101.03 8.42% $1,200.00 97-72230 HSG REPAIR & MAINT. - FIRE ALARM $485.00 $400.00 ($85.00) (21.25%) $1,058.56 $800.00 ($258.56) (32.32%) $1,000.00 4 97-72235 HSG REPAIR & MAINT. - AIR HANDLERS $2,189.98 $3,613.19 $1,423.21 39.39% $7,664.92 $9,336.67 $1,671.75 17.91% $13,000.00 97-72240 HSG REPAIR & MAINT. - ELEVATORS $0.00 $500.00 $500.00 100.00% $0.00 $1,000.00 $1,000.00 100.00% $1,000.00 97-72245 HSG REPAIR & MAINT. - ELECTRICAL & HVAC $767.78 $1,687.37 $919.59 54.50% $834.49 $7,177.66 $6,343.17 88.37% $10,000.00 97-72250 HSG REPAIR & MAINT. - PEST CONTROL $5,091.40 $1,490.68 ($3,600.72) (241.55%) $5,107.18 $5,725.15 $617.97 10.79% $9,000.00 97-72255 HSG REPAIR & MAINT. - UNIFORMS $0.00 $1,350.00 $1,350.00 100.00% $1,723.45 $3,000.00 $1,276.55 42.55% $3,000.00 97-72310 HOUSING - VEHICLE GAS $1,349.91 $1,860.98 $511.07 27.46% $4,252.07 $6,328.98 $2,076.91 32.82% $8,000.00 97-72320 HOUSING - VEHICLE REPAIR & MAINT. $775.34 $2,724.55 $1,949.21 71.54% $6,824.13 $8,130.95 $1,306.82 16.07% $9,000.00 97-72400 OPER EXP - HOUSING SUPPLIES $9,226.12 $6,283.31 ($2,942.81) (46.84%) $20,874.93 $34,088.91 $13,213.98 38.76% $45,000.00 97-72900 RENEWAL & REPLACEMENT $121,536.79 $101,180.00 ($20,356.79) (20.12%) $557,012.84 $323,836.50 ($233,176.34) (72.00%) $500,000.00 5, 10 97-72910 CONTINGENCY & IMPROVEMENT EXP $135,639.01 $147,000.00 $11,360.99 7.73% $449,671.39 $500,000.00 $50,328.61 10.07% $623,199.36 10 97-73100 DEPREC/AMORT EXPENSE - OFFICE $1,845.33 $1,845.33 $0.00 0.00% $5,535.99 $5,535.99 $0.00 0.00% $7,381.30 10 97-73200 DEPRECIATION EXP - SOUTHSIDE $10,589.77 $17,491.53 $6,901.76 39.46% $41,063.16 $55,015.41 $13,952.25 25.36% $72,506.94 9, 10

Quarter Ending Year to Date

Actual Budget Variance Amt. Variance % Actual to Date Budget to Date Variance Amt. Variance % Budget 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 3/31/2019 6/30/2019 Notes

97-73205 DEPRECIATION EXP - VILLAGE WEST $101,992.38 $76,203.51 ($25,788.87) (33.84%) $297,380.85 $228,610.53 ($68,770.32) (30.08%) $304,813.99 6, 10 97-73210 DEPRECIATION EXP - VILLAGE EAST $137,921.49 $119,390.82 ($18,530.67) (15.52%) $407,587.58 $358,172.46 ($49,415.12) (13.80%) $477,563.23 6, 10 97-73215 DEPRECIATION EXP - ARGO HALL $55,539.18 $52,319.91 ($3,219.27) (6.15%) $165,544.46 $156,959.73 ($8,584.73) (5.47%) $209,279.62 6, 10 97-73220 DEPRECIATION EXP - MARTIN $80,625.45 $76,972.02 ($3,653.43) (4.75%) $240,658.53 $230,916.06 ($9,742.47) (4.22%) $307,888.11 6, 10 97-73225 DEPRECIATION EXP - PACE HALL $53,853.75 $50,586.00 ($3,267.75) (6.46%) $160,472.01 $151,758.00 ($8,714.01) (5.74%) $202,344.03 6, 10 97-73230 DEPRECIATION EXP - HERITAGE $133,806.75 $133,526.88 ($279.87) (0.21%) $401,326.97 $400,580.64 ($746.33) (0.19%) $534,107.46 6, 10 97-73235 DEPRECIATION EXP - PRESIDENTS $189,203.58 $188,940.93 ($262.65) (0.14%) $567,523.19 $566,822.79 ($700.40) (0.12%) $755,763.68 6, 10 97-74150 AMORTIZATION EXPENSE - HOUSING $10,467.87 $10,467.87 $0.00 0.00% $31,403.61 $31,403.61 $0.00 0.00% $41,871.47 97-74200 INTEREST EXPENSE - HOUSING ($10,543.05) ($10,543.05) $0.00 0.00% $676,790.71 $705,615.58 $28,824.87 4.09% $1,697,247.00 10 97-74300 HOUSING - MISC. OPERATING ADMIN FEES $248.79 $392.85 $144.06 36.67% $3,107.66 $2,471.39 ($636.27) (25.75%) $3,000.00 7 97-74310 HOUSING - OTHER MISC. OPER EXP $336.92 $400.00 $63.08 15.77% $29,998.26 $33,200.00 $3,201.74 9.64% $36,950.00 97-74315 HOUSING - MEAL PLANS $6,000.00 $0.00 ($6,000.00) 0.00% $11,400.00 $15,000.00 $3,600.00 24.00% $15,000.00 97-75005 HOUSING UTILITIES - ELECTRICAL $141,568.67 $183,300.70 $41,732.03 22.77% $546,255.70 $597,933.60 $51,677.90 8.64% $781,000.00 97-75010 HOUSING UTILITIES - GAS $11,442.99 $10,131.00 ($1,311.99) (12.95%) $23,945.31 $22,587.00 ($1,358.31) (6.01%) $30,000.00 97-75015 HOUSING UTILITIES - SEWER $30,460.07 $40,268.80 $9,808.73 24.36% $78,376.49 $107,922.10 $29,545.61 27.38% $143,000.00 97-75020 HOUSING UTILITIES - WATER $481.55 $1,537.78 $1,056.23 68.69% $1,444.19 $3,688.74 $2,244.55 60.85% $4,600.00 97-75025 HOUSING UTILITIES - GARBAGE $11,036.93 $13,500.00 $2,463.07 18.24% $46,780.18 $42,500.00 ($4,280.18) (10.07%) $56,000.00 8 97-75030 HOUSING UTILITIES - CABLE $44,057.88 $42,000.00 ($2,057.88) (4.90%) $117,396.58 $126,000.00 $8,603.42 6.83% $165,000.00 97-75100 HOUSING - INSURANCE $1.20 $0.00 ($1.20) 0.00% $8,719.35 $12,600.00 $3,880.65 30.80% $12,600.00 97-75110 INSURANCE - BOND $68,773.00 $0.00 ($68,773.00) 0.00% $64,693.00 $70,000.00 $5,307.00 7.58% $70,000.00 97-75115 INSURANCE - AUTOMOBILE $9.00 $0.00 ($9.00) 0.00% $9.00 $0.00 ($9.00) 0.00% $23,000.00 97-75120 INSURANCE - PROPERTY $0.00 $0.00 $0.00 0.00% $89,667.75 $91,000.00 $1,332.25 1.46% $91,000.00 97-75200 BOND EXPENSES $3,762.50 $7,525.00 $3,762.50 50.00% $16,993.75 $21,000.00 $4,006.25 19.08% $21,000.00 97-76060 PROFESSIONAL SERVICES $10,500.00 $13,500.00 $3,000.00 22.22% $10,500.00 $24,000.00 $13,500.00 56.25% $24,000.00 97-76110 BANK SERVICE CHARGES $1,179.50 $1,321.37 $141.87 10.74% $2,073.83 $3,337.74 $1,263.91 37.87% $4,500.00 97-76115 ADMINISTRATIVE FEE - SPIA $1,974.71 $2,806.81 $832.10 29.65% $4,758.68 $6,971.98 $2,213.30 31.75% $11,000.00 97-76117 ADMINISTRATIVE FEE - HSG $7,141.43 $7,288.78 $147.35 2.02% $41,245.57 $60,825.80 $19,580.23 32.19% $120,755.09 97-77300 UNIVERSITY SUPPORT $0.00 $0.00 $0.00 0.00% $300,276.62 $300,276.62 $0.00 0.00% $0.00 9, 10Total Expenses $1,800,127.85 $1,845,756.67 $45,628.82 2.47% $6,604,283.49 $6,819,809.97 $215,526.48 3.16% $10,077,598.56

$502,270.47 10Notes

1 RENTAL INCOME - HOUSING Occupancy is lower than projected. Housing will control expenses to compensate for lower revenues.2 PROFESSIONAL DEVELOPMENT Professional staff and students attending conferences. RMS software updates required additional training.3 CLEANING SUPPLIES Cleaning after summer project initially increased these costs, housing has controlled costs in this area since.4 HSG REPAIR & MAINT. - FIRE ALARM A scheduled power outage for new construction caused multiple problems in our fire control boxes. 5 RENEWAL & REPLACEMENT Some costs from our summer projects were transferred to the renewal and replacement account this period.6 DEPRECIATION EXP - MULTIPLE Most costs from our summer projects were transferred and added to the depreciable value of the buildings. 7 HOUSING - OTHER MISC. OPER EXP Advertising costs to fill vacant positions.8 HOUSING UTILITIES - GARBAGE Extra dumpsters were required for the replacement of furniture in Village East.9 UNIVERSITY SUPPORT Ownership of six southside residence halls transferred from the foundation to the university, this was an accounting adjustment for accumulated depreciation.

10 MULTIPLE LINES Adjustments that reduce expenses in the debt covenant ratio include interest expense, depreciation, the adjustment for accumulated depreciation made for the transfer of ownership of the southide buildings, renewal and replacement expenses and contingency and improvement expenses. After these adjustments, the newtotal expense variance show actual expense reductions that Housing and Residence Life intentionally took to compensate for revenue reductions.

Quarter Ending Year to Date

Variance expense amount, net removal of noncash & reimbursement items

UWF Housing FY 2018-2019 FY 2018-2019 FY 2019-2020

Revenues Budget Actual EOY Est. BudgetRent Revenues Fall/Spring Rental Revenue 8,365,263 7,737,261 8,814,089 Summer Student Rental Revenue $330,143 $330,160 $293,783 Conference/Guest Revenue $82,300 $66,794 $69,550 Parking Pass Incentive ($74,095) ($41,150) ($40,000) Staff Rents $565,296 $565,296 $529,802 Total Rents $9,268,907 $8,658,361 $9,667,224Interest Income Interest Revenue - Banks $14,500 $29,141 $30,500 Interest Revenue - SPIA $132,000 $135,075 $125,000 Total Interest Income $146,500 $164,216 $155,500Other Income Misc (damage;late fee; lost key, etc.) $200,000 $204,544 $205,000 Commissions Revenue $41,000 $49,591 $48,000 RHA $4,000 $5,201 $2,000 Total Other Income $245,000 $259,336 $255,000

Total Revenues $9,660,407 $9,081,913 $10,077,724

Operating ExpendituresPersonnel University Workforce/USPS $1,020,979 $807,877 $933,028 OPS $727,224 $614,855 $626,603 OPS - Staff Rent $565,296 $565,296 $529,802 Total Personnel (Cash ) $2,313,499 $1,988,028 $2,089,433

Other Expenditures Travel 23,690 8,201 8,000 Residence Life - Multiple Programming 67,618 54,052 55,000 Professional Development 6,750 7,478 6,750 Memberships and Dues 1,800 340 1,800 Residence Life - Recruitment and Promotion 5,150 356 5,000 Office Expense - Copying 4,000 2,753 3,000 Office Expense - Postage 1,500 605 1,000 Office Expense - Printing 3,000 2,979 3,000 Office Expense - Marketing & Promotions 30,000 12,172 17,000 Office Supplies 6,000 4,516 6,000 Computer supplies 420 50 0 Computer - Software Support 83,500 81,274 82,920 Communications 13,000 10,345 12,450 Equipment 2,500 2,354 1,500 Equipment - Computers 8,000 4,939 8,000 Cleaning Supplies 20,000 26,466 20,000 Maintenance, Repairs and Supplies 78,800 144,866 81,500 Vehicles 17,000 13,654 17,000 Furniture and Appliances 45,000 31,524 32,000 Renewal and Replacement 500,000 582,330 300,000 Custodial Contract 623,199 572,868 600,000 Debt Service 1,697,247 1,664,908 1,600,716 Nautilus Card Fees 3,000 3,636 4,500 Misc. Operating Expenses 36,950 33,748 35,700 Contracted Services 15,000 11,400 14,000 Utilities 1,179,600 1,097,092 1,125,800 Insurance 196,600 186,235 194,600 Bond Admin Fees/Trustee & Fiscal Agent Fee 21,000 16,994 21,000 Bond Rating Agencies/GNP Services 24,000 10,500 26,000 CB&T and UWF Admin Fees 4,500 3,236 3,250 SPIA Service Charges/Admin Fees 11,000 8,787 7,000 Foundation Fee - Services, Insurance, Audit 120,755 93,670 125,972 Bankcard Settlement Fees Sales Tax Bad Debt Expense Total Other Expenses 4,850,579 4,694,327 4,420,457Total Salaries and Other Expenses 7,164,079 6,682,355 6,509,890

Amortization and Depreciation Amortization 41,871 41,871 41,871 Depreciation 2,871,648 3,064,086 3,046,556 Total Amortization & Depreciation (Non Cash) 2,913,519 3,105,957 3,088,428

Total Expenses 10,077,598 9,788,312 9,598,318

Net Income -417,191 -706,399 479,406

Net income -417,191.11 -706,398.93 479,406.47Interest Exp 1,697,247.00 1,664,907.77 1,600,715.58Amort 41,871.47 41,871.47 41,871.47Dep 2,871,648.00 3,064,085.59 3,046,556.17R&R 500,000.00 582,330.26 300,000.00Contengency and Improvement 623,199.36 572,867.75 0.00

5,316,774.72 5,219,663.91 5,468,549.69

Debt Service Requirement 4,278,404.00 4,278,404.00 4,281,087.00

Budgeted Debt Coverage Ratio 1.24 1.22 1.28Actual DCR

Operating Reserve Fund (ORF) 966,041 908,191 1,007,772 Renewal and Replacement Requirement 299,200 299,200 293,400

Actual Budget Est. Actual BudgetFY2018 FY2019 FY2019 FY2020

REVENUESRent 8,848,847 9,268,907 8,658,361 9,667,224 Interest 168,220 146,500 164,216 155,500 Other 241,032 245,000 259,336 255,000 TOTAL REVENUES 9,258,099 9,660,407 9,081,913 10,077,724

EXPENSESSalaries & Wages 2,031,881 2,313,499 1,988,028 2,089,433 Administrative & General 417,285 490,633 372,030 447,342 Other Operating Expenses 1,294,057 1,286,499 1,374,062 1,052,000 Utilities 1,130,193 1,179,600 1,097,092 1,125,800 Insurance 190,932 196,600 186,235 194,600 TOTAL OPERATING EXPENSES 5,064,348 5,466,831 5,017,447 4,909,175

Excess of Revenue over Expense 4,193,751 4,193,576 4,064,466 5,168,549 Contingency and Improvement Fund 696,619 623,199 572,868 Renewal and Replacement Fund 476,656 500,000 582,330 300,000

5,367,026 5,316,775 5,219,664 5,468,549

Debt Service Requirement 4,293,167 4,278,404 4,278,404 4,281,087

Coverage Ratio 1.25 1.24 1.22 1.28

Excess Rev over Expenses minus Debt Service Requirement (99,416) (84,828) (213,938) 887,462

University of West FloridaDepartment of Housing and Residence Life

Pro-Forma Statement of Revenue and Expenses

Budget Base

The three year average of the total pooled investments as of June 30, 2018 was

$86,157,284

Policy

Operating Budget Spending: Generally, two percent (2%) of three year average of the market value of the investment portfolio will be used to fund the operating budget. Pursuant to the proposal adopted by the Board of Directors, the goal is to reduce the operating budget from two percent (2%) to one and one-half percent (1.5%) of the total investment assets. As such, for each $1,000,000 increase in market value of the investment portfolio above $50,000,000, the percentage for the operating budget will decrease by one basis point (0.01%), reaching the objective of 1.5% with assets of $100,000,000. Using this formula, the budget rate for FY 2020 is 1.64%.

Historical Budget Calculation

1.64% of $86,157,284 = $ 1,412,979

Revised Budget Calculation

1.75% of $86,157,284 = $1,507,752

(remain at 1.75%)

The resulting total dollar budget represents an increase over the prior year of $141,033 or 10.32%.

UWF Foundation Budget Summary

University of West Florida Confidential 5/9/2019 Page 1

FY 17/18 FY 18/19 FY 19/20 Total % CHANGE FY19 to FY20 $ Change in FundingHighlight Notes for

Total Year to Year Change Departmental Breakdown FY 19/20 % of Budget Base Expense Categories Amounts% of

Category27,300 27,300 27,300 0.00% - Advancement Services 27,300 1.8% Salaries 695,979 46.16%99,000 118,650 118,650 0.00% - Alumni Relations 118,650 7.9% Foundation operation 96,340 6.39%

497,492 514,277 575,277 11.86% 61,000 Development 575,277 38.2% Executive Support 230,206 15.27%

422,200 438,986 519,019 18.23% 80,033 Foundation Business Operations 519,019 34.4% Development Support 447,927 29.71%37,300 37,300 37,300 0.00% - Board of Directors 37,300 2.5% Board Support 37,300 2.47%

1,083,292 1,136,513 1277546 12.41% 141,033 Advancement Operating Budget 1,277,546 84.7% Total FY20 Budget 1,507,752 100% - -

230,206 230,206 230,206 0.00% - Executive Support 230,206 15.3%1,313,498 1,366,719 1,507,752 10.32% 141,033 Total FY20 Budget 1,507,752 100%

UNIVERSITY OF WEST FLORIDA FOUNDATION, INC.SUMMARY OF PROPOSED OPERATING BUDGET

FOR THE YEAR ENDING JUNE 30, 2020

2.1% 9.3%

45.0%

40.6%

2.9%

Percent of Operations Budget - Department ViewAdvancement Services

Alumni Relations

Development

Foundation Business Operations

Board of Directors

FY 19/20Foundation Budgets

Advancement Services 27,300 Alumni Relations 118,650 Development 575,277 Foundation Business Office 519,019 Board of Directors 37,300

Advancement Operating Budget 1,277,546

Executive Support 230,206

Total Operations and Executive Support Budget 1,507,752

Non-endowed Funds Budget 626,000

Administrative Fee Budget 85,000

Housing Admin Fee Budget 110,000

Grand Total 2,328,752$

The University of West Florida Foundation, Inc.

Advancement Services


FY 16/17 FY 17/18 FY 18/19 Advancement Services FY 19/20 % CHANGE $ Change

% Change in Non-Salary Operating Funds Over Prior

Year26,300 26,300 26,300 Personnel 26,300 0.00% -

1,000 1,000 1,000 Gift Acknowledgement Receipts 1,000 0.00% - 27,300 27,300 27,300 27,300 0.00% - 0.00%



4%Advancement Services

Personnel

Gift Acknowledgement Receipts

Alumni


FY 16/17 FY 17/18 FY 18/19 Alumni FY 19/20 % CHANGE $ Change

% Change in Non-Salary Operating Funds Over

Prior Year

20,000 25,000 25,000 Chapters 25,000 0.00% - 36,000 40,000 40,000 Publications/Communications 40,000 0.00% -

6,500 4,500 4,500 New Graduates 4,500 0.00% - 6,000 10,000 10,000 Special Events (includes all promotional items) 10,000 0.00% -

11,000 11,000 11,000 Alumni Affiliates 11,000 0.00% - 5,500 5,500 5,500 Board of Directors 5,500 0.00% - 3,000 3,000 3,000 Administrative Support 3,000 0.00% -

12,000 Ambassadors 12,000 0.00% - 6,000 Assessment Fellow 6,000 0.00% - 1,650 Outreach workshops 1,650 0.00% -

159,879 99,000 118,650 Totals 118,650 0.00% - 0.00%



21%

34%

4%

8%

9%

5%

3% 10%5%

1%

Alumni Relations Chapters

Publications/Communications

New Graduates

Special Events (includes all promotional items)

Alumni Affiliates

Board of Directors

Administrative Support

Ambassadors

Assessment Fellow

Outreach workshops

Development


FY 16/17 FY 17/18 FY 18/19 DEVELOPMENT FY 19/20 % CHANGE $ Change


Year

46,040 110,000 110,000 Campaign Events & Initiatives 110,000 0.00% -

181,492 182,000 185,000 Personnel & VP Allowances 246,000 32.97% 61,000 106,040 128,492 128,277 Major Gifts 128,277 0.00% -

28,250 65,000 55,000 Annual Fund 55,000 0.00% - 48,400 - 24,000 Phonathon 24,000 0.00% - 11,000 12,000 12,000 Planned Giving 12,000 0.00% -

421,222 497,492 514,277 Totals 575,277 32.97% 61,000 11.86%



19%

43%

22%

10%

4%

2%

Development Operations

Campaign Events & Initiatives

Personnel & VP Allowances

Major Gifts

Annual Fund

Phonathon

Planned Giving

Executive


FY 16/17 FY 17/18 FY 18/19 EXECUTIVE SUPPORT FY 19/20 % CHANGE $ Change


Year- 61,000 20,000 VP Business, Finance & Facilities 20,000 0.00% -

170,206 109,206 120,206 President's Contract (Compensation, fringes, auto allowance, cell phone, etc.) 120,206 0.00% -

60,000 60,000 90,000 Lobbyist 90,000 0.00% - 230,206 230,206 230,206 Totals 230,206 0.00% - 0.00%



9%

52%

39%

Executive Support

VP Business, Finance & Facilities

President's Contract (Compensation,fringes, auto allowance, cell phone, etc.)

Lobbyist

Foundation Business


FY 16/17 FY 17/18 FY 18/19 FOUNDATION BUSINESS OPERATIONS FY 19/20 % CHANGE $ Change


Year356,860 356,860 373,646 Personnel 423,679 13.39% 50,033

24,890 24,890 24,890 Business Operations 24,890 0.00% - 15,000 15,000 15,000 Audit Fees 45,000 200.00% 30,000

6,950 6,950 6,950 Investment Charges 6,950 0.00% - 18,500 18,500 18,500 Professional Services 18,500 0.00% -

422,200 422,200 438,986 Totals 519,019 18.23% 80,033 18.23%



84%

6%

4%2%

4%

Foundation Business OperationsPersonnel

Business Operations

Audit Fees

Investment Charges

Professional Services

Board of Directors


FY 16/17 FY 17/18 FY 18/19 Board of Directors FY 19/20 % CHANGE $ Change% Change in Operating Funds Over Prior Year

37,300 37,300 37,300 Foundation Board of Directors 37,300 - - 37,300 37,300 37,300 Totals 37,300 - - 0.00%



100%

Foundation Board ofDirectors

Board of Directors

Non endowed Funds Budget


FY 16/17 FY 17/18 FY 18/19 Non endowed Funds Budget FY 19/20 % CHANGE Non-salary increase


Year30,000 30,000 30,000 Commitment to Reserve 30,000 0.00% -

170,000 170,000 170,000

Presidential Initiatives (Includes Welcome Week, Giving Day, Juneteenth, Holiday Luncheon, etc.) Board of Governor's fee, and contractual needs 170,000 0.00% -

224,000 262,000 238,000

President's Contract - sabbatical, physical, insurance, travel, payroll, fringe benefits, performance and retention bonus, and legal fees, transition and search when needed. 273,000 116.67% 35,000

10,000 10,000 10,000 Provost 10,000 0.00% - 1,000 1,000 100,000 Timeless Tanglewood 100,000 0.00% - 6,000 6,000 6,000 VP University Advancement-Sponsorships 6,000 0.00% - 5,000 5,000 5,000 VP University Advancement 5,000 0.00% - 1,000 1,000 1,000 VP Student Affairs 1,000 0.00% - 1,000 1,000 1,000 VP Business, Finance & Facilities 1,000 0.00% -

25,000 25,000 30,000 Foundation Board Grant Program 30,000 0.00% - 473,000 511,000 591,000 Totals 626,000 5.92% 35,000 0.00%



7%

38%

50%

2%0% 2% 1% 0% 0% Commitment to Reserve

Presidential Initiatives (Includes Welcome Week, Giving Day, Juneteenth,Holiday Luncheon, etc.) Board of Governor's fee, and contractual needs

President's Contract - sabbatical, physical, insurance, travel, payroll,fringe benefits, performance and retention bonus, and legal fees,transition and search when needed.Provost

Timeless Tanglewood

VP University Advancement-Sponsorships

VP University Advancement

VP Student Affairs

Administrative Fee

FY 16/17 FY 17/18 FY 18/19Administrative Fee Charged to Transactional

Gifts FY 19/20 % CHANGE Non-salary increase% Change in Operating Funds Over Prior Year

16,715 16,715 34,370 Personnel 34,370 0.00% - 26,932 26,932 26,932 Raiser's Edge & PaperSave Maintenance 26,932 0.00% -

2,201 2,201 2,201 Analytic Solutions - RE Subscriptions 2,201 0.00% - 3,713 3,713 3,713 Analytic Solutions (ResearchPoint Essentials) 3,713 0.00% -

22,655 22,655 5,000 OLX replaced Imodules 5,000 0.00% - 7,000 7,000 7,000 LexisNexis 7,000 0.00% - 3,436 3,436 3,436 ITS BB Systems Server Hosting Fee 3,436 0.00% - 2,348 2,348 2,348 Import-O-Matic 2,348 0.00% -

85,000 85,000 85,000 Totals 85,000 0.00% - 0.00%



40%

32%

3%

4%

6%

8%4%

3%

Administrative Fee Charged to Transactional Gifts

Personnel

Raiser's Edge & PaperSave Maintenance

Analytic Solutions - RE Subscriptions

Analytic Solutions (ResearchPoint Essentials)

OLX replaced Imodules

LexisNexis

ITS BB Systems Server Hosting Fee

Import-O-Matic

Housing Administrative Fee

FY 16/17 FY 17/18 FY 18/19 Administrative Fee Charged to Housing Revenue FY 19/20 % CHANGENon-salary

increase% Change in Operating Funds Over Prior Year

98,893 98,893 98,893 Personnel 108,950 10.17% 10,057 45,000 30,000 30,000 Audit Professional Services - -100.00% (30,000)

1,050 1,050 1,050 Foundation Other Insurances 1,050 0.00% - 144,943 129,943 129,943 Totals 110,000 -15.35% (19,943) -96.62%



76%

23%

1%

Administrative Fee Charged to Housing Revenue

Personnel

Audit Professional Services

Foundation Other Insurances

Actual Other Program Student HSG Expenses Budget

Scholarship Services System Fundraising General & Admin 3/31/2019 3/31/2019 Variance % Unspent Operating Budget

Advancement Services $0.00 $0.00 $0.00 $0.00 $997.36 $997.36 $20,475.00 $19,477.64 95.13%

Alumni Relations $0.00 $0.00 $0.00 $0.00 $63,456.65 $63,456.65 $74,249.91 $10,793.26 14.54%

Board of Directors $0.00 $0.00 $0.00 $0.00 $16,387.68 $16,387.68 $27,974.97 $11,587.29 41.42%

Campaign $0.00 $0.00 $0.00 $12,111.95 $0.00 $12,111.95 $82,500.03 $70,388.08 85.32%

Development $4,479.38 $0.00 $0.00 $295,817.23 $0.00 $276,693.36 $303,207.75 $26,514.39 8.74%

Foundation $0.00 $0.00 $0.00 $0.00 $295,629.30 $295,629.30 $329,239.53 $33,610.23 10.21%

Community Engagement $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14,737.50 $14,737.50 100.00%

Total Adv. Division Lines $4,479.38 $0.00 $0.00 $307,929.18 $376,470.99 $665,276.30 $852,384.69 $187,108.39 21.95%

Executive $0.00 $0.00 $0.00 $0.00 $185,318.35 $172,318.35 $172,654.47 $336.12 0.19%

Total $0.00 $0.00 $0.00 $0.00 $185,318.35 $172,318.35 $172,654.47 $336.12 0.19%

Total of Operating Budget $4,479.38 $0.00 $0.00 $307,929.18 $561,789.34 $837,594.65 $1,025,039.16 $187,444.51 19.85%

Non-Endowed Budget

Non-Endowed Budget $0.00 $248,492.93 $0.00 $5,725.00 $94,655.52 $362,102.35 $540,707.13 $178,604.78 33.03%

Total Non-Endowed Budget $0.00 $248,492.93 $0.00 $5,725.00 $94,655.52 $362,102.35 $540,707.13 $178,604.78 33.03%

Other Areas

Admistrative Fee $0.00 $0.00 $0.00 $0.00 $0.00 $63,308.79 $85,000.00 $21,691.21 25.52%

Housing $0.00 $0.00 $0.00 $0.00 $0.00 $6,604,283.49 $6,819,809.97 $215,526.48 3.16%

Other University Accounts $17,250.00 $334,615.42 $0.00 $17,400.00 $121,892.96 $5,100,480.43 $5,100,480.43 $0.00 0.00%

Total $17,250.00 $334,615.42 $0.00 $17,400.00 $121,892.96 $11,768,072.71 $12,005,290.40 $237,217.69 1.98%

Total Other Areas $17,250.00 $334,615.42 $0.00 $17,400.00 $121,892.96 $11,768,072.71 $12,005,290.40 $237,217.69 1.98%

Grand Total $21,729.38 $583,108.35 $0.00 $331,054.18 $778,337.82 $12,967,769.71 $13,571,036.69 $603,266.98 4.45%

University of West Florida FoundationA COMPONENT UNIT OF THE UNIVERSITY OF WEST FLORIDA

BUDGETED STATEMENT OF FUNCTIONAL EXPENSES

X:\FOUNDATION -Board Stuff\FBOD - ADMIN ITEMS\ATTACHMENTS FOR MTG BINDERS - PENDING\Prior Years Unspent Budget Report 2019.3.31

Carried Forward Funds Carried Forward FundsUnspent Prior Years 360,246.20$ Unspent Prior Years -$

Total Carried Forward Budget 360,246.20 Total Carried Forward Budget -

Expensed During 18/19 Expensed During 18/19Alexander Haas & Gernerate (Consultants) 57,254.10 - Capitol Days 1,343.46 - PMA A/C compressor replacement 18,505.00 Pensacola Blue Wahoos 26,621.16 Emerald Coast Gala 1,000.00 Academic Works 26,865.89 Wealthpoint Prof 10,212.00 Commitment for meal plan scholarships 50,000.00

Total FY 18/19 Expenses to Date 191,801.61 Total FY 18/19 Expenses to Date -

Net FY 18/19 Activity 168,444.59 Net FY 18/19 Activity -

Net Carry Forward FY 18/19 168,444.59$ Net Carry Forward FY 18/19 -$

Unspent Division of Advancement Lines Unspent Executive Lines

The University of West Florida Foundation, Inc.Prior Years Unspent Budget Report

As of March 31, 2019

I - • •• •

EXTENDED TO MAY 15, 2019

Return of Organization Exempt From Income Tax Form 990 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Department of the Treasury .... Do not enter social security numbers on this form as it may be made publ ic.

Internal Revenue Service Go to www.irs. ov/Form990 for instructions and the latest information.

A For the 2017 calendar year or tax year beginning JUL 1 201 7 and ending JUN 3 0 ' . 2018

Open to Public Inspection

B Check if C Name of organization D Employer identification number applicable:

UNIVERSITY OF WEST FLORIDA D Address

change FOUNDATION INC oName

change Doinq business as 59 - 6166292 D lnitial

Number and street (or P.O. box if mail is not delivered to street address) I Room/suite E Telephone number return

DFinal 11000 UNIVERSITY PKWY BLDG 12 850 - 474 - 3118 return/ termin-

City or town, state or province, country, and ZIP or foreign postal code ated G Gross receipts $ 51,604,060. D Amended

return PENSACOLA. FL 32514 - 5732 H(a) Is this a group return D Applica- F Name and address of principal officer:DANIEL LUCAS for subordinates? D Yes 00 No tion ......

pending SAME AS C ABOVE H(b) Are all subordinates included?D Yes D No

I Tax-exempt status: [xJ 501/cH3) D so11c1r ) .... {insert no.) D 4947{aH1l or D 527 If "No," attach a list. (see instructions)

J Website: 1111- WWW. UWF . EDU/FOUNDATION H(c) Group exemption number ....

K Form of oraanization: [xJ Corporation 0Trust D Association D Other ..,_ I L Year of formation: 19 6 51 M State of leaal domicile: FL

I Part 11 Summary

Q) 1 Briefly describe the organization 's mission or most significant activities: SEE SCHEDULE 0 0 C CV

D if the organization discontinued its operations or disposed of more than 25% of its net assets. C 2 Check this box .... ... Q)

28 > 3 Number of voting members of the govern ing body (Part VI , line 1 a) 3 0 ........................ ...... ... ............. ... .... . .... . c:,

4 Number of independent voting members of the governing body (Part VI , line 1 b) .. .... ....................... 4 23 otS ········· 1/) 5 Total number of individuals employed in calendar year 2017 (Part V, line 2a) 5 0 Q) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .... :;:;

6 Total number of volunteers (estimate if necessary) 6 0 '> ...... .... .... ... .... .... . ·· ······ ················ ······· ······ ··· ······ · · ........... :;:; 7 a Total unrelated business revenue from Part VIII , column (C) , line 12 7a - 762. 0 .......... ··········· ... ..... .... .... .. . ..... <

b Net unrelated business taxable income from Form 990-T, line 34 ······ ··· ·· ·· ··· · . ..... ... . ....... . ... ..... ....... .. .. ... ... .. 7b - 762.

Prior Year Current Year

Q) 8 Contributions and grants (Part VIII , line 1h) ······ ·· ·································· ·················· ··· 17 887 299. 13,207 846. ::J

10 444 278. 9.209 029. C 9 Program service revenue (Part VIII, line 2g) ..... ................. ..... ......... ....... ................. . Q) > 10 Investment income (Part VIII , column (A), lines 3, 4, and 7d) 2 976 606. 5,414 082. Q) ........... .......... ······· ........ a:

13 468. 23 353. 11 Other revenue (Part VIII , column (A), lines 5, 6d , 8c, 9c, 1 Oc, and 11 e)

12 Total revenue - add lines 8 throuah 11 {must eaual Part VIII , column {A), line 12) 31 321 651. 27.854 310.

13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) .. ..... 1 240 964. 1,947 358.

14 Benefits paid to or for members (Part IX, column (A), line 4) ............................... .. . 0 • 0.

1/) 15 Salaries, other compensation, employee benefits (Part IX, column (A). lines 5-10) . ···· · ·• 5 119 680. 5,081 883. Q) 1/) 16a Professional fundraising fees (Part IX, column (A), line 11 e) ..... _. 47 908. 34 025. C .. . ............ Q) .... 346,255 • a. b Total fundraising expenses (Part IX, column (D), line 25) )(

w 17 Other expenses (Part IX, column (A), lines 11 a-11 d, 11 f-24e) .. .... _ 18 662 400. 12.204 671. .......... -- ········ ......

18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ············ 25 070 952. 19.267 937.

19 Revenue less expenses. Subtract line 18 from line 12 ................ ... ... . ................ 6 250 699. 8,586,373. ~ u, o<1> u Beainnina of Current Year End of Year u> c

162 352 558. 171,323 735. Q)~ 20 Total assets (Part X, line 16) u,"' --- .......... ·············· ······· ····· ·· ······ ·· ························ ....... ;J_<D 21 Total liabilities (Part X, line 26) 52 080 764. 49 . 307 835. -"' .......... ...... ·········· ........... ... .. w C z~ 22 Net assets or fund balances. Subtract line 21 from line 20 .... ........ ......... ...... ...... 110 271 794. 122.015 900. LL

I Part II I Signature Block Under penalties of perjury, I declare that I have examined th is return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is

true, correct, and complete. D I r officer) is based on all information of which preparer has any knowledge.

Sign

Here

Paid

Preparer

Use On ly

~ Signature o

~ DANIEL LUCAS, CHIEF FINANCIAL OFFICER Type or print name and title

PrinVType preparer's name

OLLY MURPHY CPA

Firm's address .... 9 0 0 NOR TH

PENSACOLA

Preparer's signature

OLLY MURPHY

CLEAVELAND & GUND

1 2TH AVENUE

FL 32501

CPA

May the IRS discuss this return with the preparer shown above? (see instructions}

13200 1 11-2a- 11 LHA For Paperwork Reduction Act Notice, see the separate instructions.

Date

Date Check D PTIN if

0 5 / 0 1 / 19 self-employed O O 9 8 5 7 8 3

Phone no. 8 5 0 - 4 3 5 - 8 3 0 0

[xJ Yes D No

Form 990 (2017)

J. - • , ..

UNIVERSITY OF WEST FLORIDA Form 990 2017 FOUNDATION INC 59- 61 66 292 Pae 2 Part Ill Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part Il l ..... .. .. ... ... ... ... ........... .... ... ..... ... ...... .. .

1 Briefly describe the organization 's mission:

SOLI CITING, RECEIVING, AND ADMINISTERING GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL, AND CHARI TABLE PURPOSES ALL FOR THE ADVANCEMENT OF THE UNIVERSITY OF WEST FLORIDA (UWF). TO PROMOTE AND SUPPORT EDUCATION AND EDUCATION FACILITIES,

2 Did the organization undertake any significant program services during the year which were not listed on the

prior Form 990 or 990-EZ? ... .. .. .... ... ....... .............. . ... ... . ........................... ........ .. .................... .. .... .. ........ ...... .. ........... 0 Yes [xJ No If "Yes, " describe these new services on Schedule 0 .

3 Did the organization cease conducting, or make significant changes in how it conducts, any program services?..... ..... ...... .. 0 Yes [xJ No

If "Yes," describe these changes on Schedule 0.

4 Describe the organization 's program service accomplishments for each of its three largest program services, as measured by expenses.

Section 501 (c)(3) and 501 (c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and

revenue, if any, for each program service reported .

4a (Code: ) (Expenses $ 9 , 71 7 , 0 0 8 • including grants of$ ) (Revenue$ 9 , 2 5 8 , 0 9 9 . ) STUDENT HOUSING PROGRAM - THE UWF DEPARTMENT OF HOUSING AND RESIDENCE LIFE PROVIDES HOUSING FOR APPROXIMATELY 10.0%, I.E., OVER 1,304 STUDENTS AND 75 STUDENT STAFF, OF THE UNIVERSITY'S STUDENT BODY OF 13,033. OCCUPANCY OF DORMS IS TO MEET STUDENTS' ON CAMPUS HOUSING NEEDS. IN ADDITION TO RESIDENTIAL SERVICES, HOUSING OFFERS OVER 2,950 EDUCATIONAL AND SOCIAL PROGRAMS DESIGNED TO ENHANCE THE STUDENTS' LEARNING ENVIRONMENT AS WELL AS ENRICH THE STUDENTS' COLLEGE EXPERIENCE.

4b (Code: ) (Expenses$ 1 , 9 4 7 , 311 • including grants of$ 1 , 9 4 7 , 3 5 8 . ) (Revenue $ --------STUDENT SCHOLARSHIP PROGRAM - THE UWF FOUNDATION AWARDED SCHOLARSHIPS TO 1,412 UWF STUDENTS. THESE SCHOLARSHIPS HELPED TO ENSURE THOSE STUDENTS GAINED A HIGHER EDUCATION. ONE OF THE NEWEW SCHOLARSHIPS PROMOTED DURING THE YEAR WAS THE FIRST GENERATION SCHOLARSHIP. THIS SCHOLARSHIP ENABLES STUDENTS, WHO ARE FIRST GENERATION IN THEIR FAMILY TO ATTEND COLLEGE, TO BE ABLE TO AFFORD COLLEGE TUITION. THE FOUNDATION RAISED AND AWARDED $514,212 OF FIRST GENERATION SCHOLARSHIPS DURING THE YEAR.

4c (Code: ) (Expenses$ 6 0 3 , 1 0 2 . including grants of$ ) (Revenue$--------

EMINENT SCHOLARS AND PROFESSORSHIPS - THE UWF FOUNDATION HAD 5 DISTINGUISHED PROFESSORS DURING THE FISCAL YEAR. THE PROFESSORSHIPS HELPED TO ADVANCE THE EDUCATIONAL MISSION OF THE UNIVERSITY BY HAVI NG DISTINGUISHED AND SPECI ALIZED PROFESSORS TEACH STUDENTS.

4d Other program services (Describe in Schedule 0.)

(Expenses $ 4 , 6 4 2 , 8 6 7 • including grants of $ ) (Revenue$

4e Total program service expenses .... 16 1 9 1 0 1 2 8 8 • Form 990 (2017)

732002 11-28-17

' - f ~ J

UNIVERSITY OF WEST FLORIDA Form 990120m FOUNDATION INC 59 - 6166292 Paae 3 I Part IV I Checklist of Required Schedules

Yes No

1 Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)?

If ' Yes,' complete Schedule A ..... ............ .......... .......... ____ __ ... ................... ___ .... ............... __ ... _ .. _. __ ... . _ ... _ ................ .... ...... .

2 Is the organization required to complete Schedule B, Schedule of Contributors?

3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for

public office? If "Yes," complete Schedule C, Part I ..... ______ ............. .... . ..... _ .. _ .. ........ ............................................ ..... ...... . .

4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501 (h) election in effect

during the tax year? If "Yes," complete Schedule C, Part II ................. . ............................. ..... .. ................ . ... . .............. .

5 Is the organization a section 501 (c)(4), 501 (c)(5), or 501 (c)(6) organization that receives membership dues, assessments, or

similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part Ill

6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to

provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I

7 Did the organization receive or hold a conservation easement, including easements to preserve open space,

the environment, historic land areas, or historic structures? If "Yes, ' complete Schedule D, Part II. ........ ---------········· _ 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete

Schedule D, Part Ill .. _. _ ..... ...... ... .. .... ....................... __ .. _ ......... ___ .. __ . _______ . _. _ ...... __ .. _. _. __ . ___ . __ ... .. _ ............. _ .. _. _ .. .. .. .. ... ... __

9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a custodian for

amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services?

If "Yes,' complete Schedule D, Part IV ..... .............. ....... ....................................... ______ . ___ . _. _. _. ___________ ___ ___ . _. _. __ ........ __

10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent

endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V .. ....... .................... _ ..... _. _ ........................... . .

11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X

as applicable.

a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete Schedule D,

Part VI

b Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of its total

assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII .. .. .......... ... .. .................. .... ...... _ ....... .. ... _ ... ___ ... .

c Did the organization report an amount for investments - program related in Part X, line 13 that is 5% or more of its total

X 2 X

3 X

4 X

5 X

6 X

7 X

8 X

9 X

10 X

11a X

11b X

assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII .. ...... .. ............ _ ... .. .. . _. __ ..... ___ . _ .... .. __ . __ ................. 11c X d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in

Part X, line 16? If "Yes," complete Schedule D, Part IX _______ .. .. ... _ ............ _. ___ .. _ . ..... _ ...... _. _. ___ .. _ _ ........... _ ..... _ ... _. 11 d X e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X ............ 11e X f Did the organization 's separate or consolidated financial statements for the tax year include a footnote that addresses

the organization 's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes, " complete Schedule D, Part X ......... 11f X 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete

Schedule D, Parts XI and XII ........ . __ . _ .. __ ....... _ .... . _ ....... ________ . _. _ ...... .. ............ ___ . ____________ . _____ . _ ....... _ ... _ .. _.. . . . . . . . . . . . . . . . . . . . . . . . 12a X b Was the organization included in consolidated, independent audited financial statements for the tax year?

If "Yes," and if the organization answered "No ' to line 12a, then completing Schedule D, Parts XI and XII is optional .. ......... ... 12b X 13 Is the organization a school described in section 170(b)(1 )(A)(ii)? If "Yes," complete Schedule E

14a Did the organization maintain an office, employees, or agents outside of the United States? ...................... __ ... _ .... _

b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising , business,

investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000

or more? If "Yes," complete Schedule F, Parts I and IV _ . . ........... .. . ................. __ . _. ________ .. __ . _ ... . ........ ... ........ __

15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any

foreign organization? If "Yes," complete Schedule F, Parts II and IV ___ . ________ .... ____ .

16 Did the organization report on Part IX, column (A) , line 3, more than $5,000 of aggregate grants or other assistance to

or for foreign individuals? If "Yes," complete Schedule F, Parts Ill and IV

17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX,

column (A), lines 6 and 11 e? If "Yes, " complete Schedule G, Part I ......... _.. . ....... ..... ___ . __ . __ .. __ . _. . ..... ........ ... .. __

18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII , lines

1 c and Ba? If "Yes," complete Schedule G, Part II __ .... . ..... .. .. .. .

19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII , line 9a? If "Yes,"

comolete Schedule G Part Ill .

13

14a

14b X

15

16 X

17 X

18

19

X X

X

X

X Form 990 (2017)

732003 11 -28-17

I - I

UNIVERSITY OF WEST FLORIDA Form 990120171 FOUNDATION INC 59-6166292 Paae 4

I Part IV I Checklist of Required Schedules (continued)

20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H

b If "Yes " to line 20a, did the organization attach a copy of its audited financial statements to this return? .......... ....... .. ...... ... .

21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or

domestic government on Part IX, column (A), line 1? If "Yes, " complete Schedule I, Parts I and II ............................ ........ .. .

22 Did the organization report more than $5 ,000 of grants or other assistance to or for domestic individuals on

Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and Ill ......................................................... ............. ... .

23 Did the organization answer "Yes " to Part VII, Section A, line 3, 4 , or 5 about compensation of the organization 's current

and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes, " complete

Schedule J ................ ... ............... ....................................... ..... ........ ... ..... ...... ... ............ ... . .......... ... ................... ... . . 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the

last day of the year, that was issued after December 31 , 2002? If "Yes, " answer lines 24b through 24d and complete

Yes No

20a X 20b

21 X

22 X

23 X

Schedule K. If "No ', go to line 25a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24a X b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ,__24_b-+--1--X

c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease

any tax-exempt bonds? .... ... ...... ...... ............................................................................................ ............ ...... ........... ..... . .

d Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? ............ .. ...... ...... ...... .

25a Section 501(c)(3), 501(c)(4), and S01(c)(29) organizations. Did the organization engage in an excess benefit

transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ............ ..... ... ..................... .... . .

b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and

that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If "Yes, " complete

Schedule L, Part I

26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or

former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes, '

complete Schedule L, Part II ...... ........ .. ................... .. .. .. .. .. ........................... .... ........ ... .... ... ... .. ........ ............ ......... ... ..... . 27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial

contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member

24c X 24d X

25a X

25b X

26 X

of any of these persons? If "Yes," complete Schedule L, Part Ill . . . . . . . . . .. . . . . . . . .. . .. . . . . . ... . . . . . . . . . .. .. . . . . . . . . . . . . . . . . . . . .................... .. .. . f--=2'-'-7-+--i----cXcc...._ 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV

29

30

31

32

instructions for applicable filing thresholds, conditions, and exceptions) :

a A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV

b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV .. ..

c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer,

director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV ......................... ..................... ... .. .......... .

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M ........ ......... .... ... .

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation

contributions? If "Yes, " complete Schedule M ................................................................................................... ... ......... .

Did the organization liquidate, terminate, or dissolve and cease operations?

If ' Yes, ' complete Schedule N, Part I ......... ................ .... ... ......................................................................................... . Did the organization sell , exchange, dispose of, or transfer more than 25% of its net assets? If "Yes, " complete

Schedule N, Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .................................................................. ..... ... .. ...... ... . 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations

sections 301 .7701-2 and 301 .7701 -3? If "Yes,' complete Schedule R, Part I ................................................ ...... .. ........... .

34 Was the organization related to any tax-exempt or taxable entity? If ' Yes," complete Schedule R, Part II, Ill, or IV, and

Part V, line 1

28a X 28b X

28c X 29 X

30 X

31 X

32 X

33 X

34 X 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? .................... .... ....... ... ..... ........... t-3=5=a-+----<f---'X~

b If "Yes " to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity

within the meaning of section 512(b)(13)? If "Yes, " complete Schedule R, Part V, line 2 ............. ............... ...... ...... .......... t-35~b-+----;1---

36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization?

If "Yes," complete Schedule R, Part V, line 2 . . . . . . . . . . . . . . . . . . . . . . .. . .................................... .. ...... ........... . 36 X 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization

and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI 37 X 38 Did the organization complete Schedule O and provide explanations in Schedule O for Part VI , lines 11 b and 19?

Note. All Form 990 filers are required to complete Schedule O . 38 X Form 990 (2017)

732004 11 -28- 17

UNIVERSITY OF WEST FLORIDA Form 990 2017 FOUNDATION INC Part V Statements Regarding Other IRS Filings and Tax Compliance

Check if Schedule O contains a response or note to any line in this Part V

59-6166292 Pae 5

D Yes No

1a Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable ................................. I 1a I 52 1--~+------~-1

b Enter the number of Forms W-2G included in line 1 a. Enter -0· if not applicable 1b 0 c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming

2a :~:rb:~neg~:;:~~go~ :0

:::::e:::;:~~~· ~~ ·~~;~· ~ ·-~: ·~ r~~·~·~;~~~I ·~~· ~~~~ ·;~·~· ~~; ·~~~~~~~~~~ : ... . ·· 1 · .... .. ·· 1 · ........ ... . . . . . .. . . . . .

filed for the calendar year ending with or within the year covered by this return . . . . . .. . . . .. .. . ......... .. .. . ~2=a~--------=,O b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? .................. .... . .

Note. If the sum of lines 1 a and 2a is greater than 250, you may be required toe-file (see instructions) .. .. ....................... .. .

3a Did the organization have unrelated business gross income of $1,000 or more during the year? .... ... .. ............................ .

b If "Yes, " has it filed a Form 990-T for this year? If "No," to line 3b, provide an explanation in Schedule 0

4a At any time during the calendar year, did the organization have an interest in , or a signature or other authority over, a

financial account in a foreign country (such as a bank account, securities account, or other financial account)? ... ............. ... .

b If "Yes," enter the name of the foreign country: .... _C_A_Y_MAN ___ I_S_L_AND __ S _______________ _ See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?

b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? ............. ... ......... .

c If "Yes," to line Sa or Sb, did the organization file Form 8886-T? ................................ .... ..... ............................... ...... .. ........ . 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit

any contributions that were not tax deductible as charitable contributions?

b If "Yes, " did the organization include with every solicitation an express statement that such contributions or gifts

1c

2b

3a

3b

4a

5a

5b

5c

6a

were not tax deductible? 6b

X

X

X

X X

X

1---+---+---

7 Organizations that may receive deductible contributions under section 170(c).

a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? 7a X b If "Yes," did the organization notify the donor of the value of the goods or services provided? .......... ................. . 7b X c Did the organization sell , exchange, or otherwise dispose of tangible personal property for which it was required

to file Form 8282? . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . .. . .. . . . .. . .. . . . . .. . .. . .. . .. . . . . . . . . . . . . . . . . . . . . . ................... .. . 7c X d If "Yes, " indicate the number of Forms 8282 filed during the year ...... ... ... .... .... .. ....... .. ... ... .. ......... I 7d I L......C-=--'-------~ e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? 7e

f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? .................. . 7f

g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?. .. t---'7~o+---+---

h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? 7h X 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the

9

10

sponsoring organization have excess business holdings at any time during the year?

Sponsoring organizations maintaining donor advised funds.

a Did the sponsoring organization make any taxable distributions under section 4966?

b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?

Section 501(c){7) organizations. Enter:

a Initiation fees and capital contributions included on Part VIII , line 12 ......................................... .

b Gross receipts, included on Form 990, Part VIII , line 12, for public use of club facilities .... .. ......... .

I 1oa I 10b

11 Section 501{c)(12) organizations. Enter:

a Gross income from members or shareholders ..................... ... .. ................ .... ... . 11a

b Gross income from other sources (Do not net amounts due or paid to other sources against

amounts due or received from them.) ................... ..... ... .... .......... ........ ...... ~1_1b~---------,

12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

b If "Yes, " enter the amount of tax-exempt interest received or accrued during the year . . . . . . . . . . . . . . . . . . I 12b I ~-~--------t 13 Section 501(c)(29) qualified nonprofit health insurance issuers.

a Is the organization licensed to issue qualified health plans in more than one state? ....................... ......... ..... .. .................... .

Note. See the instructions for additional information the organization must report on Schedule 0 .

b Enter the amount of reserves the organization is required to maintain by the states in which the

organization is licensed to issue qualified health plans .......................... .... .. .

c Enter the amount of reserves on hand .. ........ .

I 13b I 13c

14a Did the organization receive any payments for indoor tanning services during the tax year? .................. .

b If "Yes " has it filed a Form 720 to report these pavments? If "No " provide an exolanation in Schedule O .

732005 11 -28- 17

8

9a

9b

12a

13a

14a X 14b

Form 990 (2017)

UNIVERSITY OF WEST FLORIDA Form990 2017 FOUNDATION INC 59 - 6166292 Pa e6

Part VI Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and fora "No" response to line Ba, 8b, or 1 Ob below, describe the circumstances, processes, or changes in Schedule 0 . See instructions.

Check if Schedule O contains a response or note to any line in this Part VI [xJ Section A Governing Body and Management

Yes No

1a Enter the number of voting members of the governing body at the end of the tax year ............ .

If there are material differences in voting rights among members of the governing body, or if the governing

body delegated broad authority to an executive committee or similar committee, explain in Schedule 0.

b Enter the number of voting members included in line 1 a, above, who are independent

1a

1b

2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other

officer, director, trustee, or key employee?

3 Did the organization delegate control over management duties customarily performed by or under the direct supervision

of officers, directors, or trustees, or key employees to a management company or other person? ...

28

23

4

5

6

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ........... .. .

Did the organization become aware during the year of a significant diversion of the organization 's assets?

Did the organization have members or stockholders?

7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or

more members of the governing body? ........ .... ... ................ .................. ... ........................................ _ .. ___ .. _ ............ __ .

b Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or

persons other than the governing body? .. .. ................ .... ... .......... _. _. ____ .. __ ... _ ............ _ _ ___ . _ ............. ___ _ . ____ ....... _ .. ___ . ___ __ .

8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

a The governing body? .... ...... .......... .......................... ... ............. ............................ . ........................... _ ...................... .

b Each committee with authority to act on behalf of the governing body? ................ ... .. __ ........... .. ... ..... . _ .. _ .. _ ....... __ ............ .

9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the

oroanization 's mailina address? If "Yes " provide the names and addresses in Schedule 0

Section B Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

10a Did the organization have local chapters, branches, or affiliates? .... ... .. .... .... ................... ... ... .............................. ....... .. ...... .

b If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates,

and branches to ensure their operations are consistent with the organization 's exempt purposes? .. . ............... .... ..... ... .

11 a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?

b Describe in Schedule O the process, if any, used by the organization to review this Form 990.

12a Did the organization have a written conflict of interest policy? If "No,• go to line 13 .............. .......... .... .. ........... ........ .... .. .

13

14

b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...... ...... .. .. .

c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe

in Schedule O how this was done

Did the organization have a written whistleblower policy? .............................. .

Did the organization have a written document retention and destruction policy? .. ... ............. .

15 Did the process for determining compensation of the following persons include a review and approval by independent

persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

a The organization 's CEO, Executive Director, or top management official

b Other officers or key employees of the organization .. .... ............ . ......... ___ ........................ .. ............................ .. .......... __

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a

taxable entity during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __ . _. _ .................... . ...... ... .. _ ...... _ _ _ _ ...... . ............ .. . .

b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation

in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization 's

exemot status with resoect to such arranaements?

Section C. Disclosure

2 X

3 X 4 X 5 X 6 X

7a X

7b X

8a X 8b X

9 X

Yes No

10a X

10b

11a X

12a X 12b X

12c X 13 X 14 X

15a X 15b X

16a X

16b X

17 List the states with which a copy of this Form 990 is required to be filed .... AK, AZ , CA, CO, HI , KY, LA, ME , MD, MA, MI , MN 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501 (c)(3)s only) available

for public inspection. Indicate how you made these available. Check all that apply.

D Own website D Another's website [xJ Upon request D Other (explain in s ·chedule 0)

19 Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial

statements available to the public during the tax year.

20 State the name, address, and telephone number of the person who possesses the organization 's books and records: .... ________ _

DANIEL LUCAS - 850 - 474 - 3380 11000 UNIVERSITY PARKWAY, BLDG. 12, PENSACOLA, FL 32514

732ooe 11-2s- 11 SEE SCHEDULE O FOR FULL LIST OF STATES Form 990 (2017)

UNIVERSITY OF WEST FLORIDA Form990 2017 FOUNDATION I NC 59 - 6166 2 9 2 Pae 7 Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated

Employees, and Independent Contractors Check if Schedule O contains a response or note to any line in this Part VI I

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

D

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization 's tax year.

• List all of the organization's current officers, directors, t rustees (whether individuals or organizations). regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

• List all of the organization's current key employees, if any. See instructions for definition of "key employee." • List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received report

able compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-M ISC) of more than $100,000 from the organization and any related organizations.

• List all of the organization 's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any re lated organizations.

• List all of the organization 's former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest compensated employees; and former such persons.

D Check this box if neither the oraanization nor any related organization compensated any current officer, director, or trustee .

(A) (B) (C) (D) (E) (F)

Name and Title Average Position Reportable Reportable Estimated (do not check more than one

hours per box, unless person is both an compensation compensation amount of week officer and a director/ trustee) from from related other

(list any ~ the organizations compensation hours for 'i5 organization (W-2/1099-M ISC) from the related

0

~ (W-2/1099-M ISC} organization organizations = e and related =

I ~ 0

~ i! below ! I organizations ·s; =.!: j ~ == line) ~ C> ~ ~~

( 1) JOHN HUTCHINSON 0.40 BOD PAST CHAIR X 0. 0. 0. ( 2) GORDON SPRAGUE 0.50 BOD CHAIR X X 0. 0. 0 . ( 3) GAIL DORSEY 0.80 BOD VICE CHAIR X X 0. 0. 0. ( 4) RICHARD PETERSON 0.40 BOD SECRETARY X X 0. 0. 0. ( 5) DAVID HIGHTOWER 0.40 BOD TREASURER X X 0. 0. 0. ( 6) MARTHA SAUNDERS 1. 00 UWF PRESIDENT 39.00 X 0. 437,871. 121,993. ( 7) DAVID CLEVELAND 0.60 BOT REP X 0. 0. 0. ( 8) BRETT BARROW 0.30 ALUMNI BOARD REP X 0. 0. 0. ( 9) LINDA BROTHERTON 0.10 CURRENT DIRECTOR X 0. 0. 0. (10) RICK BYARS 0.20 CURRENT DIRECTOR X 0. 0. 0. (11) JASON CRAWFORD 0.30 CURRENT DIRECTOR X 0. 0. 0. ( 12) DEE DEE DAVIS 0.40 CURRENT DIRECTOR X 0. 0. 0. (13) RAY FLORES 0.00 CURRENT DIRECTOR X 0. 0. 0. (14) JOHN GORMLEY 0.30 CURRENT DIRECTOR X 0. 0. 0. (15) TIM HAAG 0.50 CURRENT DIRECTOR X 0. 0. 0. (16) KATHIE JEFFCOAT 0.40 CURRENT DIRECTOR X 0. 0. 0. ( 17) TRIP MAYGARDEN 0.10 CURRENT DIRECTOR X 0. 0. 0. 732007 11-28-17 Form 990 (2017)

UNIVERSITY OF WEST FLORIDA Form 990 (201 7) FOUNDATION INC 59 - 6166 2 92 Page 8 / Part VII / Section A. Officers Directors Trustees Kev Em >lovees and Hiahest Comoensated Emolovees (continued)

(A) (8) (C) (D) (E) (F)

Name and title Average Position Reportable Reportable Estimated (do not check more than one

hours per box, unless person is both an compensation compensation amount of week officer and a director/ trustee) from from related other

(list any 0 the organizations compensation hours for '5 = organizat ion (W-2/1099-M ISC) from the re lated 0 i (W-2/1099-MISC) organization

~

organizations ~ " and related

I ~

below ;ii 0 3~ ~ ! .;; ~ organizations =.!a j line) :E == ~ E .2°E

C) :,:=

(18) JAMES HOSMAN 0.30 CURRENT DIRECTOR X 0 . 0. 0. ( 19) JOHN PEACOCK, JR. 0.20 CURRENT DIRECTOR X 0. 0. 0. (20) BRUCE VREDENBURG 0.60 CURRENT DIRECTOR X 0. 0. 0. ( 21) JOSEPH HERZOG 0.20 CURRENT DIRECTOR X 0. 0. 0. (22) DOUG DOBSON 0.30 CURRENT DIRECTOR X 0. 0. 0. ( 23) YASMIN HERNANDEZ 0.20 SGA REPRESENTATIVE X 0. 0. 0. (24) DAVE PEADEN 0.30 CURRENT DIRECTOR X 0. 0. 0. (25) WILLIAM RONE 0.30 CURRENT DIRECTOR X 0 . 0. 0. ( 26) TODD ZABORSKI a.so CURRENT DIRECTOR X 0 . 0 . 0.

1b Sub-total .... ........ ... . ........... . ................. . . . . . . . . . . . . . . . . . . .... ... ..... . ~ 0. 437.871. 121.993. C Total from continuation sheets to Part VII , Section A .... .......... ........... ~ 0. 1 630 196. 298.650. d Total !add lines 1b and 1c) ····· ........ . ············· ....... .......... .. ......... .......... ~ 0. 2 068 067. 420,643.

2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable

comoensation from the oroanization • 0 Yes No

3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on

line 1 a? If "Yes," complete Schedule J for such individual ... . .... ... ................................... .... ...... .... ........................... 3 X 4 For any individual listed on line 1 a, is the sum of reportable compensation and other compensation from the organization

and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual .. ······················ 4 X 5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization or ind ividual for services

rendered to the orqanization? If "Yes " complete Schedule J for such person ............. ······· ········ ············ ···· ...... 5 X Section 8 . Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from

the orqan1zat1on. R I . h. h eoort compensation for the ca endar year end1nq with or wit 1n t e orqan1zat1on s tax year.

(A) (8) (C) Name and business address Description of services Compensation

JANI - KING 122 WEST PINE STREET PONCHATOULA. LA 70454 JANITORIAL SERVICES 612 610. PEOPLES PAINTING COMPANY 9931 HARLINGTON ST. CANTONMENT. FL 32533 PAINTING SERVICES 260 930. WILSON FLOOR COVERING OF PENSACOLA, INC. , P.O. BOX 2545 3800 LIGGETT STREET. FLOOR SERVICES 1 85 284. CHARTWELLS , 11000 UNIVERSITY PARKWAY, BLDG. 22 PENSACOLA FL 325 1 4 DINING SERVICES 174 905. COX COMMUNICATI ONS P.O. BOX 9001078 LOUISVI LLE KY 40290 PHONE SERVICES 1 62 1 85.

2 Total number of independent contractors (including but not limited to those listed above) who received more than

$100 000 of compensation from the orqanization • 5 SEE PART VII, SECTION A CONTINUATION SHEETS Form 990 (2017)

732008 11-28-17

Form 990

UNIVERSITY OF WEST FLORIDA FOUNDATION INC 59 - 6166 2 9 2

/ Part VII / Section A. Officers Directors Trustees Kev Emolovees and Hiahest Comoensated Emolo, ees (continued)

(A)

Name and title

(27) CHRIS RONEY

CURRENT DIRECTOR

(28) JILL THOMAS

CURRENT DIRECTOR

(29) HOWARD REDDY

FOUNDATION PRESIDENT

(30) DANIEL LUCAS

CFO

(31) EVA BUTTS

DIRECTOR

(32) FRANK RANELLI

SENIOR ADVISOR/CONSULTANT

(33) JANE HALONEN

UWF PROFESSOR

( 34) CHULA KING

UWF PROFESSOR

(35) DOUG WAGGLE

UWF PROFESSOR

(36) GEORGE ELLENBERG

PROVOST/SR . VICE PRESIDENT

(37) STEVEN CUNNINGHAM

CHIEF EXECUTIVE OFFICER - BE!

Total to Part VI I Section A line 1 c

732201 04-01-17

(8) (C)

Average Position hours (check all that apply)

per week ~

0 0 (list any I

hours for " = 0

~ related ~ organizations - i -= i

~

~ 0

below I j .,. = line) ~ ~ '= E = 0 :i:

0.10 X

0.30 X

0.40 39.60 X 0.40

39.60 X 0.20

39.80 X 1. 00

40.00 X 1. 00

40.00 X 1. 00

40.00 X 1. 00

40.00 X 1. 00

40.00 X 1. 00

40.00 X

(D) (E) (F)

Reportable Reportable Estimated compensation compensation amount of

from from related other the organizations compensation

organization (W-2/1099-M ISC) from the (W-2/1099-MISC) organization

and related organizations

0 . 0. 0.

0. 0. 0.

0. 115 414. 25 057.

0. 141 568. 27 930.

0. 62 586. 12 824.

0. 191 496. 32 087.

0. 141. 943. 28 194.

0. 248.388. 36 757.

0. 201. 499. 31 004.

0. 283.405. 38 181.

0. 243,897. 66 616.

1.630.196. 298.650.

UNIVERSITY OF WEST FLORIDA Form 990 2017 FOUNDATION INC 59 - 6166292 Pa e 9 Part VIII Statement of Revenue

Ch k f S h d I O h. P VIII ec I C e ue contains a response or note to anv 1ne 1n t IS art .......... .... . .......... ····-··· ····· ···· ................... D (A) (8) (C) (D)

Total revenue Related or Unrelated Revenue excluded exempt function business from tax under

sections revenue revenue 512 - 514

f/) f/) ........ C: C:

1 a Federated campaigns ······· · ········· 1a C1I::,

b Membership dues 1b ... 0 . . . . . . . . . . . . . . . . .. ... ':E

C Fundraising events 1c .l!l <( .. ················· ... ... d Related organizations 1d ·- C1I Cl- ..... ······

ud! e Government grants (contributions) 1e §rii

f All other contributions, gifts, grants, and ·- ... .... Q) ::, .c similar amounts not included above 1f 13 207 846 .c .... . ..... £0 C: "O g Noncash contributions included in lines 1a-1f: $ 9 042 286. 0 C:

Total. Add lines 1a-1f .... . ~ ()C11 h 13 207 846

l!usiness Code Q) 2a RENTAL INCOME - HOUSING 721310 8 848 847 8 848 847 u ·s: b RENTAL INCOME - OTHER 900099 241 032. 241 032. ... Q) Q) ::,

U) C: C E~

d C1I Q)

c,O: 0 e ... C. f All other program service revenue ..... ......... 900099 119 150 119 150

a Total. Add lines 2a-2f .... .. ... .... ... .................. ~ 9 209 029

3 Investment income (includ ing dividends, interest, and

other similar amounts) ........ .... ... . ........ ... .... ~ 1 452 175 168 220 - 762 1 284 717

4 Income from investment of tax-exempt bond proceeds ~ 5 Royalties ......... .... .. .... ... ... ... ... ..... . .............. . . . . . . . . . . . . . . . ~ 22 400 22 400

(i) Real (ii) Personal

6 a Gross rents .....................

b Less: rental expenses .. ......

C Rental income or {loss) ......

d Net rental income or {loss) .. .. ..... . ... . ........ ~ 7 a Gross amount from sales of (i) Securities (ii) Other

assets other than inventory 27 711 657 .

b Less: cost or other basis

and sales expenses .. ... .. . . 23 749 750.

C Gain or (loss) · ····-·············· 3 961 907

d Net gain or (loss) .... ... ... ... ... ............ .. .. . .... ... ~ 3 961 907. 3 961 907.

Q) Sa Gross income from fundraising events (not ::, C: Q)

including $ of > contributions reported on line 1 c) . See Q)

0: ... Part IV, line 18 ······················· ·· . . ....... a Q) .c b Less: direct expenses ..... b 0 .......... ...... ....

C Net income or (loss) from fundraising events ........ ~

9 a Gross income from gaming activities . See

Part IV, line 19 ........ ......... a

b Less: direct expenses ....... ............ ... b

C Net income or (loss) from gaming activities ~

10 a Gross sales of inventory, less returns

and allowances a ............... . . . . . . . . . . . . ........ ..

b Less: cost of goods sold ........... .... b

C Net income or (loss) from sales of inventory . ~

Miscellaneous Revenue Business Code

11 a MISCELLANEOUS OTHER INCOME 900099 953. 953

b

C

d All other revenue ............... ..... ,. ..........

e Total. Add lines 11 a-11 d . . . . . . . . . . . . . . . . . . . . ~ 953.

12 Total revenue . See instructions. ~ 27 854 310 13 340 109 - 762 1 307 117

732009 11 -28-17 Form 990 (2017)

UNIVERSITY OF WEST FLORIDA Form 990 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 10 Part IX Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) . Check if Schedule O contains a response or note to any line in this Part IX . . . ...... ............ .. ................ ... . .............. D

Do not include amounts reported on lines 6b, (A) (B) (C) (D) Total expenses Program service Management and Fundraising

l b, Bb, 9b, and 10b of Part VIII. expenses general expenses expenses

1 Grants and other assistance to domestic organizations

and domestic governments. See Part IV, line 21 ...

2 Grants and other assistance to domestic

individuals. See Part IV, line 22 . . . . . . . . . . . . . . . . . . . . . 1 947 358. 1 947 358. 3 Grants and other assistance to fore ign

organizat ions, foreign governments, and foreign

individuals. See Part IV, lines 15 and 16 ··-······ 4 Benefits paid to or for members .....................

5 Compensation of current officers , directors,

trustees, and key employees ... .. . .......... .. . ...

6 Compensation not included above, to disqualified

persons (as defined under section 4958(1)(1)) and

persons described in section 4958(c)(3)(B) .........

7 Other salaries and wages .. ... ... ... ..... .... ... .. ... 5,081,883. 3,401,397. 1,536 786. 143,700. 8 Pension plan accruals and contributions (include

section 401(k) and 403(b) employer contributions)

9 Other employee benefits ............ ........... . ....

10 Payroll taxes .... .................. ....... . ...............

11 Fees for services (non-employees) :

a Management ········ ... ·············· ·········· ··········· b Legal .... .. ....... .. ..... .... . ·· ········• ·· ···· . . . . . . . . . . . . 13.387. 6.945. 6 442. C Account ing .......... .. ... ... ······················· ······ 70,050. 12,380. 57 670. d Lobbying .......... ................................ ... .. 120.000. 30.000. 90 000. e Professional fundraising services. See Part IV, line 17 34.025. 34.025. f Investment management fees . 267,372. 5 304. 262,068. g Other. (If line 11g amount exceeds 10% of line 25,

column (A) amount, list line 11g expenses on Sch 0.) 962.408. 1 054 150. - 95 002. 3,260. 12 Advertising and promotion ..... .. . ........... ...... 449,314. 401,852. 20,115. 27.347. 13 Office expenses ......... ........ . . . . . . . . . . . . . ....... 543.505. 409 776. 90 560. 43.169. 14 Information technology ..... .... .. .. .. . ...............

15 Royalties .. ................ .... .. .... . .... .. ...... .. .. .... .

16 Occupancy ..... ............. . . . . . . . . . . . . . . . . . . . . . . 1 179.130. 1 171 891. 294. 6,945. 17 Travel ........... ......................... 507,996. 408 210. 35 254. 64.532. 18 Payments of travel or entertainment expenses

for any federal , state, or local public officials

19 Conferences, conventions, and meetings 122 648. 102 701. 3 856. 16 091. 20 Interest ... .. .. .. .. ................ ........... ............ 1 745 791. 1 745 791. 21 Payments to affiliates .......................

22 Depreciation , depletion , and amortization ... ... 2 990 984. 2 990 984. 23 Insurance ......... ................. ... . . .................. 245 336. 224 681. 20 655. 24 Other expenses. Itemize expenses not covered

above. (List misce llaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0.)

a REPAIR/MAINTENANCE/SUPP 1 353 773. 1 353 773. b UNIVERSITY/STAFF SUPPOR 1 264 710. 1 297 748. - 33,038. C MISCELLANEOUS 265 936. 243 022. 15 728. 7 186. d HOUSING RELATED EXPENSE 77 349. 77 349. e All other expenses 24 982. 24 976. 6.

25 Total functional expenses. Add lines 1 throuah 24e 19 267 937. 16 910 288. 2 011 394. 346 255. 26 Joint costs . Comp lete th is line only if the organization

reported in column (B) joint costs from a combined

educat ional campaig n and fundraising solicitati on.

Check here • D 11 follow,no SOP 98-2 IASC 958-720\

7320 10 11-28-1 7 Form 990 (201 7)

UNIVERSITY OF WEST FLORIDA Form 990 (2017) FOUNDATION INC I Part X I Balance Sheet

5 9 - 616 6 2 9 2 Page 11

Ch k f S h d I 0 ec I C e ue I" . h. P X contains a response or note to any 1ne 1n t IS art ........... ............ ... ............................................... .......... D (A) (B)

Beginning of year End of year

1 Cash · non-interest-bearing ··············· ··· ·· ··· ···· ·· ······· ··························· ···· ·· 1 725. 1 1 725. 2 Savings and temporary cash investments ······························ ···· ······ · ............ 12,553,214. 2 12,822,148. 3 Pledges and grants receivable, net ··········· ····························· ····· ................. 8 167 001. 3 7.336 118. 4 Accounts receivable, net ............... ... ......... .............. . ........... ..... .... .... 672 654. 4 581 531. 5 Loans and other receivables from current and former officers, directors,

trustees, key employees, and highest compensated employees. Complete

Part II of Schedule L 5 ..... .... . ................. ......... ........ ... ... ................ . .....

6 Loans and other receivables from other disqualified persons (as defined under

section 4958(f)(1 )) , persons described in section 4958(c)(3)(B), and contribut ing

employers and sponsoring organizations of sect ion 501 (c)(9) voluntary (/) employees' beneficiary organizations (see instr). Complete Part II of Sch L ...... 6 ... Cl) (/) 7 Notes and loans receivable, net ..... ... ......... ............. 7 (/) .. ................ ..................

ex: 8 Inventories for sale or use 8 .... .. .......... .... ....... .......... ... ············ ··········· ····· ····· 9 Prepaid expenses and deferred charges ·························· ···· ····· ··· ·· · ····· ········ 190.912. 9 203 330.

10a Land, buildings, and equipment: cost or other

basis. Complete Part VI of Schedule D .... ..... 10a 86,900,283. b Less: accumulated deprec iation .................. 10b 33.321.000. 49. 071. 972. 10c 53 579 283.

11 Investments· public ly t raded securities ........... ...... ..... .... .. .. ................. .... .. ... 67,822.109. 11 76 640 024. 12 Investments· other securities . See Part IV, line 11 .. ····················· ·················· 20 / 401,716 • 12 15 209,589. 13 Investments · program-related. See Part IV, line 11 ···· ·· ·················· ····· ········· 13 0. 14 Intangible assets .................. .... ... .. ... ........ ··························· ··········· . ........... 14

15 Other assets. See Part IV, line 11 ... ....... . .. .... .. ....................... ... .... .. ........ . .. 3.471.255. 15 4 949 987. 16 Total assets. Add lines 1 throuoh 15 (must equal line 34) .... ·········· 162.352.558. 16 171 323.735. 17 Accounts payable and accrued expenses ........................... .. .. ........ .. ............. 889,892. 17 739,080. 18 Grants payable ············· ······························· ···················· ········ ···················· 18

19 Deferred revenue ....... .. ... .. ······· ··· ····························································· ... 19

20 Tax-exempt bond liabilit ies ·· ··· ·················· ······ . . . . . . . . . . . . ..... ................... 48. 211. 464. 20 45 725 667. 21 Escrow or custodial account liability. Complete Part IV of Schedu le D .. .. ........ 21

(/) Cl)

22 Loans and other payables to current and former officers, directors, trustees ,

:E key employees, highest compensated employees, and disqualified persons. :0 Complete Part II of Schedule L 22 ro ........ .... .. ... .... .. ... .. ...... .. .............. . ... ::::i

23 Secured mortgages and notes payable to unrelated third parties 23 ···· ····· ·· ····· 24 Unsecured notes and loans payable to unrelated third parties . . . . . . . . . . . . . . . 24

25 Other liabilities (including federal income tax, payables to related third

parties, and other liabilities not included on lines 17·24). Complete Part X of

Schedule D . ··················· .. .. .. ... ... .... .... .. .. ...... ..... .. ................. ..... ..... ..... 2 979 408. 25 2,843.088. 26 Total liabil ities. Add lines 17 throuah 25 ........................... 52 080.764. 26 49 307 . 835.

Organizations that follow SFAS 117 (ASC 958), check here ..... [xJ and (/) complete lines 27 through 29, and lines 33 and 34. Cl) (.)

27 Unrestricted net assets 13 398.944. 27 13 155 , 742. C .. ....... ...... .. ... ............................. ... ... . ···· ·· ·· · ····· ······· ~

28 Temporarily restricted net assets 34,908,494. 28 45 485.224. ro .. . .............................. ..... .. ························ ID 61 964 356. 63 374.934. ""O 29 Permanently restricted net assets . .... ..................... ......... ... 29 C ..... o :J Organizations that do not follow SFAS 117 (ASC 958), check here u. 0 and complete lines 30 through 34. (/)

30 Capital stock or trust principal, or current funds 30 ai .............. ... .. ··········· ··· ········· (/)

31 Paid-in or capital surplus, or land, building , or equipment fund 31 (/) . ······· ····· <t ... 32 Retained earnings, endowment , accumulated income, or other funds ··· ······ ··· 32

Cl)

z 33 Total net assets or fund balances 110 271 794. 33 122 015,900. ........... ....... ............ ....... .. .............

34 Total liabilities and net assets/fund balances 162 352.558. 34 171 323.735. Form 990 (2017)

732011 11-28-17

UNIVERSITY OF WEST FLORIDA Form 990 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 12 Part XI Reconciliation of Net Assets

1

2

3

4

5

Check if Schedule O contains a response or note to anv line in this Part XI

Total revenue (must equal Part VIII , column (A) , line 12)

Total expenses (must equal Part IX, column (A) , line 25)

Revenue less expenses. Subtract line 2 from line 1

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A))

Net unrealized gains (losses) on investments

6 Donated services and use of facilities

7 Investment expenses ........ ...... ... ..... ........ ........ ... ... ... .... .... .. .................. ........ .... ... .... ...... ............... .

8 Prior period adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... ... .. ... ................ .... ........ .

9 Other changes in net assets or fund balances (explain in Schedule 0) . . . . . . . . . . . . . . . . . . . . .... ....... ... .

10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33 ,

2

3

4

5

6

7

8

9

column (Bl) ..... .. .............. .............................. . 10

I Part XIII Financial Statements and Reporting Check if Schedule O con a1ns a response or note to any line 1n this Part XII

1 Accounting method used to prepare the Form 990: D Cash [xJ Accrual D Other

If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule 0.

2a Were the organization 's financial statements compiled or reviewed by an independent accountant?

If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a

separate basis, consolidated basis, or both:

D Separate basis D Consolidated basis D Both consolidated and separate basis

27,854 310. 19.267 937.

8.586 373. 110,271 794.

3.138 982.

18 751.

122 015 900.

Yes No

2a X

b Were the organization's financial statements audited by an independent accountant? .. .................. .............................. . 2b X If "Yes, " check a box below to indicate whether the financial statements for the year were audited on a separate basis,

consolidated basis, or both :

[xJ Separate basis D Consolidated basis D Both consolidated and separate basis

c If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit,

review, or compilation of its financial statements and selection of an independent accountant? ............... .. ....... .. ...... ..... .. ... .

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0 .

3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit

Act and 0MB Circular A133? ... ....... .............. .

b If "Yes, " did the organization undergo the required audit or audits? If the organization did not undergo the required audit

or audits exolain whv in Schedule O and describe anv steos taken to underao such audits

73201 2 11-28- 17

2c X

3a X

3b

Form 990 (2017)

SCHEDULE A (Form 990 or 990-EZ)

Department of the Treasury Internal Revenue Service

Public Charity Status and Public Support Complete if the organization is a section 501(c)(3) organization or a section

4947(a)(1) nonexempt charitable trust. ~ Attach to Form 990 or Form 990-EZ.

~ Go to www.irs.gov/Form990 for instructions and the latest information.

0MB No. 1545-0047

2017 Open to Public

Inspection

Name of the organization UNIVERSITY OF WEST FLORIDA FOUNDATION INC

Employer identification number

59 - 6166292 Part I Reason for Public Charity Status (All organizations must comp lete this part .) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

1 D A church , convention of churches, or association of churches described in section 170(b)(1)(A)(i).

2 D A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

3 D A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

4 D A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital 's name,

city, and state: ______________________ ________________________ _

5 [xJ An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part 11.)

6 D A federal, state, or local government or governmental unit described in section 170(b}(1)(A)(v).

7 D An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in

section 170(b)(1)(A)(vi). (Complete Part II.)

8 D A community trust described in section 170(b)(1)(A)(vi). (Complete Part 11.)

9 D An agricultural research organization described in section 170(b)(1)(A)(ix) operated in conjunction with a land-grant college

or university or a non-land-grant co llege of agriculture (see instructions). Enter the name, city, and state of the college or

university: ----- -------------------------------------------10 D An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from

activities related to its exempt functions · subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment

income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975.

See section 509(a)(2). (Complete Part 111.)

11 D An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

12 D An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or

more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in

lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

a D Type I. A supporting organizat ion operated, supervised, or controlled by its supported organization(s), typically by giving

the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting

organization. You must complete Part IV, Sections A and B.

b D Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having

control or management of the supporting organization vested in the same persons that contro l or manage the supported

organization(s). You must complete Part IV, Sections A and C.

C D Type Ill functionally integrated. A supporting organization operated in connection with, and functionally integrated with ,

its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

d D Type Ill non-functionally integrated. A supporting organization operated in connection with its supported organization(s)

that is not functionally integrated . The organization generally must sat isfy a distribution requirement and an attentiveness

e

requirement (see instructions) . You must complete Part IV, Sections A and D, and Part V.

D Check this box if the organization received a written determination from the IRS that it is a Type I, Type II , Type Ill

functionally integrated, or Type Ill non-functionally integrated supporting organization .

f Enter the number of supported organizations

Q Provide the followina information about the suooorted orqanization(s). (i) Name of supported (ii) EIN (iii) Type o f o rganization 11v) 1s me organizauon 11s1ea (v) Amount of monetary

in vour oovernino document? o rganization (described on lines 1-10

Yes No support (see inst ructions) abo ve (see instructions))

Total

(vi) Amount of other

support (see instructions)

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. 132021 10-oe- 11 Schedule A (Form 990 or 990-EZ) 2017

UNIVERSITY OF WEST FLORIDA Schedule A Form 990 or 990-EZ 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 2 Part II Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)

(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part Ill. If the organization

fails to qualify under the tests listed below, please complete Part 111.)

Section A. Public Support Calendar year (or fiscal year beginning in) 1111-- (al 2013 (bl 2014 (cl 2015 ldl 2016 lel 2017 (fl Total

1 Gifts, grants, contributions, and

membership fees received. (Do not

include any "unusual grants_ ") ······ 5 017 341 . 4 606 008 . 12 421 107. 17 887 299. 13 207 846 53 139 601

2 Tax revenues levied for the organ-

ization 's benefit and either paid to

or expended on its behalf .. ........ ..

3 The value of services or facilities

furnished by a governmental unit to

the organization without charge

4 Total. Add lines 1 through 3 ---·--·· 5 017 341. 4 606 008 . 12 421 107 . 17 887 299 . 13 207 846 . 53 139 601.

5 The portion of total contributions

by each person (other than a

governmental unit or publicly

supported organization) included

on line 1 that exceeds 2% of the

amount shown on line 11 ,

column (f) ······-· ··· ----·· · .............. ..

6 Public sunnort. Subtract line 5 from line 4. 53 139 601 Section B. Total Support Calendar year (or fiscal year beginning in) 1111-- (al 2013 (bl 2014 (cl 2015 ldl 2016 lel 2017 (fl Total

7 Amounts from line 4 .. ........ ... .. .. 5 017 341 4 606 008. 12 421 107 . 17 887 299 13 207 846. 53 139 601

8 Gross income from interest,

dividends, payments received on

securities loans, rents, royalties,

and income from similar sources 980 859. 1 015 836 1 091 887 1 027 209 1 283 955 5 399 746

9 Net income from unrelated business

activities, whether or not the

business is regu larly carried on .. .

10 Other income. Do not include gain

or loss from the sale of capital

assets (Explain in Part VI.) 98 536. 179 844. 218.712. 415 075. 164. 912.331. .........

11 Total support. Add lines 7 through 10 59 451 678

12 Gross receipts from related activities, etc. (see instructions) ... .... .............. ... . . . . . . . . . . . . . . 12 l 13 First five years. If the Form 990 is for the organization 's first, second, third, fourth , or fifth tax year as a section 501 (c)(3)

organization, check this box and stop here ... . . ................. ···--·-····-··- . __ ...... .... o Section C. Computation of Public Support Percentage

14 Public support percentage for 2017 (line 6, column (f) divided by line 11 , column (f)) .

15 Public support percentage from 2016 Schedule A, Part II, line 14 .

14 89.38 15 87.31

16a 33 1/3% support test - 2017. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box and

stop here. The organization qualifies as a publicly supported organization

b 33 1/3% support test - 2016. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1 /3% or more, check this box

and stop here. The organization qualifies as a publicly supported organization

17a 10% -facts-and-circumstances test - 2017. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more,

and if the organization meets the "facts-and-circumstances" test , check this box and stop here. Explain in Part VI how the organization

meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ·-·-·

b 10% -facts-and-circumstances test - 2016. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or

more, and if the organization meets the "facts-and-circumstances " test , check this box and stop here. Explain in Part VI how the

%

%

organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization 1111-- D 18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions . ..,_ D

Schedule A (Form 990 or 990- EZ) 2017

732022 10-06- 17

UNIVERSITY OF WEST FLORIDA ScheduleA Form990or990-EZ 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 3 Part Ill Support Schedule for Organizations Described in Section 509(a)(2)

(Complete only if you checked the box on line 10 of Part I or if the organization fai led to qualify under Part 11. If the organization fails to

qualify under the tests listed below, please complete Part II.)

Section A. Public Support Ca lendar year (or fiscal year beg inning in) .... (al 2013 (bl 2014 !cl 2015 Id\ 2016 !el 2017 (fl Total

1 Gifts, grants, contributions, and

membership fees received . (Do not

include any "unusual grants. ") ... .. .

2 Gross receipts from admissions, merchandise sold or services per-formed, or facilities furnished in any activity that is related to the organization 's tax-exempt purpose

3 Gross receipts from activities that

are not an unrelated trade or bus-

iness under section 513 ·············

4 Tax revenues levied for the organ-

ization's benefit and either paid to

or expended on its behalf ........

5 The value of services or facil ities

furnished by a governmental unit to

the organization without charge ...

6 Total. Add lines 1 through 5 ...

7a Amounts included on lines 1, 2, and

3 received from disqualified persons

b Amounts included on lines 2 and 3 received

from other than disqualified persons that

exceed the greater of $5,000 or 1% of the

amount on line 13 for the year .... ....... . .....

c Add lines 7a and 7b ....... .... ... .......

8 Public sunnort. /Sub tract line 7c flom line 6.l

Section B. Total Support Calendar year (or fiscal year beginning in) .... !al 2013 (bl 2014 !cl 2015 Id\ 2016 le\ 2017 (fl Total

9 Amounts from line 6 ................... 10a Gross income from interest,

dividends, payments received on securities loans, rents, royalties, and income from similar sources

b Unrelated business taxable income

(less section 511 taxes) from businesses

acquired after June 30, 1975 ············

c Add lines 1 Oa and 1 Ob ........ . ... ... ... 11 Net income from unrelated business

activities not included in line 1 Ob, whether or not the business is regularly carried on ..... . ........... ...

12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .... ......

13 Total support. (Add lines 9, 10c, 11 , and 12.)

14 First five years. If the Form 990 is for the organization 's first , second, th ird , fourth , or fifth tax year as a section 501 (c)(3) organization ,

check this box and stop here

Section C. Computation of Public Support Percentage 15 Public support percentage for 2017 (line 8, column (f) divided by line 13, column (f))

16 Public su ort ercenta e from 2016 Schedule A Part Il l line 15

Section D. Computation of Investment Income Percenta e 17 Investment income percentage for 2017 (line 1 Oc , column (f) divided by line 13, column (f))

18 Investment income percentage from 2016 Schedule A, Part Ill , line 17

15

16

17

18

19a 33 1/3% support tests - 20 17. If the organization did not check the box on line 14, and line 15 is more than 33 1/3% , and line 17 is not

more than 33 1 /3% , check this box and stop here. The organization qualifies as a publicly supported organization

%

%

%

%

b 33 1/3% support tests - 2016. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% , and

line 18 is not more than 33 1 /3% , check this box and stop here. The organization qualifies as a public ly supported organization .... D 20 Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ~ D

132023 10-06- 17 Schedule A (Form 990 or 990-EZ) 2017

Schedule A

UNIVERSITY OF WEST FLORIDA Form990or990-EZ 2017 FOUNDATION INC

Part IV Supporting Organizations (Complete only if you checked a box in line 12 on Part I. If you checked 12a of Part I, complete Sections A

and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete

Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)

s f ec ,on A All S rt· 0 . f UDDO lnQ rQamza ions

1 Are all of the organization 's supported organizations listed by name in the organization's governing

documents? If "No," describe in Part VI how the supported organizations are designated. If designated by

class or purpose, describe the designation . If historic and continuing relationship, explain_

2 Did the organization have any supported organization that does not have an IRS determination of status

under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported

organization was described in section 509(a)(1) or (2).

3a Did the organization have a supported organization described in section 501 (c)(4), (5), or (6)? If "Yes," answer

(b) and (c) below.

b Did the organization confirm that each supported organization qualified under section 501 (c)(4), (5), or (6) and

satisfied the public support tests under section 509(a)(2)? If "Yes,' describe in Part VI when and how the

organization made the determination_

C Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B)

purposes? If "Yes,• explain in Part VI what controls the organization put in place to ensure such use.

4a Was any supported organization not organized in the United States ("foreign supported organization")? If

"Yes," and if you checked 12a or 12b in Part I, answer (b) and (c) below.

b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign

supported organization? If "Yes," describe in Part VI how the organization had such control and discretion

despite being controlled or supervised by or in connection with its supported organizations.

C Did the organization support any foreign supported organization that does not have an IRS determination

under sections 501 (c)(3) and 509(a)(1) or (2)? If 'Yes," explain in Part VI what controls the organization used

to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B)

purposes.

Sa Did the organization add, substitute, or remove any supported organizations during the tax year? If "Yes,"

answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (ij the names and EIN

numbers of the supported organizations added, substituted, or removed; (iij the reasons for each such action;

(iii) the authority under the organization's organizing document authorizing such action,- and (iv) how the action

was accomplished (such as by amendment to the organizing document).

b Type I or Type II only. Was any added or substituted supported organization part of a class already

designated in the organization's organizing document?

C Substitutions only. Was the substitution the result of an event beyond the organization 's control?

6 Did the organization provide support (whether in the form of grants or the provision of services or facilities) to

anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class

benefited by one or more of its supported organizations, or (iii) other supporting organizations that also

support or benefit one or more of the filing organization's supported organizations? If ' Yes, · provide detail in

Part VI.

7 Did the organization provide a grant , loan, compensation , or other similar payment to a substantial contributor

(defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with

regard to a substantial contributor? If "Yes," complete Part I of Schedule L (Form 990 or 990-EZ).

8 Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7?

If ' Yes, " complete Part I of Schedule L (Form 990 or 990-EZ).

9a Was the organization controlled directly or indirectly at any time during the tax year by one or more

disqualified persons as defined in section 4946 (other than foundation managers and organizations described

in section 509(a)(1) or (2))? If ' Yes," provide detail in Part VI.

b Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which

the supporting organization had an interest? If "Yes," provide detail in Part VI.

C Did a disqualified person (as defined in line 9a) have an ownership interest in , or derive any personal benefit

from, assets in which the supporting organization also had an interest? If "Yes," provide detail in Part VI.

10a Was the organization subject to the excess business holdings rules of section 4943 because of section

4943(f) (regarding certain Type II supporting organizations, and all Type Ill non-functionally integrated

supporting organizations)? If "Yes," answer 10b below.

b Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to

determine whether the orqanization had excess business holdinasJ

5 9 - 616 6 2 9 2 Pa e 4

Yes No

1

2

3a

3b

3c

4a

4b

4c

Sa

Sb

Sc

6

7

8

9a

9b

9c

10a

10b

732024 10-06-17 Schedule A (Form 990 or 990-EZ) 2017

Schedule A

UNIVERSITY OF WEST FLORIDA FOUNDATION INC

Part IV

11 Has the organization accepted a gift or contribution from any of the following persons?

a A person who directly or indirectly controls, either alone or together with persons described in (b) and (c)

below, the governing body of a supported organization?

b A family member of a person described in (a) above?

c A 35% controlled entit above? If "Yes" to a, b, or c, rovide detail in Part VI.

Did the directors, trustees, or membership of one or more supported organizations have the power to

regularly appoint or elect at least a majority of the organization 's directors or trustees at all times during the

tax year? If "No," describe in Part VI how the supported organization(s) effectively operated, supervised, or

controlled the organization's activities. If the organization had more than one supported organization,

describe how the powers to appoint and/or remove directors or trustees were allocated among the supported

organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

2 Did the organization operate for the benefit of any supported organization other than the supported

organization(s) that operated, supervised , or controlled the supporting organization? If "Yes, " explain in

Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated,

Were a majority of the organization's directors or trustees during the tax year also a majority of the directors

or trustees of each of the organization 's supported organization(s)? If "No," describe in Part VI how control

or management of the supporting organization was vested in the same persons that controlled or managed

the su orted or, anization s .

s ect1on D All T Ill S 0 ype UDDOrting rganizations

1 Did the organization provide to each of its supported organizations, by the last day of the fifth month of the

organization's tax year, (i) a written notice describing the type and amount of support provided during the prior tax

year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the

organization 's governing documents in effect on the date of notification, to the extent not previously provided?

2 Were any of the organization's officers, directors, or trustees either (i) appointed or elected by the supported

organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how

the organization maintained a close and continuous working relationship with the supported organization(s).

3 By reason of the relationship described in (2), did the organization 's supported organizations have a

significant voice in the organization 's investment policies and in directing the use of the organization 's

income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization's

sunnorted oraanizations olaved in this reaard.

Section E. Type Ill Functionally Integrated Supporting Organizations

5 9 - 616 6 2 9 2 Pa e 5

Yes No

11a

11b

11c

Yes No

2

Yes No

Yes No

1

2

3

Check the box next to the method that the organization used to satisfy the Integral Part Test during the yea(see instructions).

a D The organization satisfied the Activities Test. Complete line 2 below.

b D The organization is the parent of each of its supported organizations . Complete line 3 below.

C D The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions).

2 Activities Test. Answer (a) and (b) below. Yes No

a Did substantially all of the organization 's activities during the tax year directly further the exempt purposes of

the supported organization(s) to which the organization was responsive? If "Yes, " then in Part VI identify

those supported organizations and explain how these activities directly furthered their exempt purposes,

how the organization was responsive to those supported organizations, and how the organization determined

that these activities constituted substantially all of its activities. 2a

b Did the activities described in (a) constitute activities that, but for the organization's involvement, one or more

of the organization 's supported organization(s) would have been engaged in? If "Yes," explain in Part VI the

reasons for the organization's position that its supported organization(s) would have engaged in these

activities but for the organization 's involvement. 2b

3 Parent of Supported Organizations. Answer (a) and (b) below.

a Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or

trustees of each of the supported organizations? Provide details in Part VI. 3a

b Did the organization exercise a substantial degree of direction over the policies, programs, and activit ies of each

of its suooorted oraanizations? If "Yes " describe in Part VI the role olaved bv the oraanization in this reaard. 3b

732025 10-06- 17 Schedule A (Form 990 or 990-EZ) 2017

5 9 - 616 6 2 9 2 Pa e 6

D Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI.) See instructions. All

0 th T Ill f f II d I S A h h E er ype non- unc ,ona 1y ,nteqrate suooortinq orqanizat,ons must comp1ete ect,ons t rouq1

Section A - Adjusted Net Income (A) Prior Year (B) Current Year

(optional)

1 Net short-term capital qain 1

2 Recoveries of orior-vear distributions 2

3 Other qross income (see instructions) 3

4 Add lines 1 throuqh 3 4

5 Depreciation and deoletion 5

6 Portion of operating expenses paid or incurred for production or

collection of gross income or for management, conservation , or

maintenance of property held for production of income (see instructions) 6

7 Other expenses (see instructions) 7

8 Adiusted Net Income (subtract lines 5, 6, and 7 from line 4) 8

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year

(optional)

1 Aggregate fair market value of all non-exempt-use assets (see

instructions for short tax year or assets held for part of year):

a Averaae monthly value of securities 1a

b Averaae monthlv cash balances 1b

C Fair market value of other non-exempt-use assets 1c

d Total (add lines 1 a, 1 b, and 1 cl 1d

e Discount claimed for blockage or other

factors (exolain in detail in Part VI):

2 Acauisition indebtedness applicable to non-exemot-use assets 2

3 Subtract line 2 from line 1 d 3

4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount,

see instructions) 4

5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5

6 Multiolv line 5 bv .035 6

7 Recoveries of prior-year distributions 7

8 Minimum Asset Amount (add line 7 to line 61 8

Section C - Distributable Amount Current Year

1 Adiusted net income for orior year (from Section A, line 8, Column A) 1

2 Enter 85% of line 1 2

3 Minimum asset amount for prior year (from Section B, line 8, Column Al 3

4 Enter areater of line 2 or line 3 4

5 Income tax imposed in prior year 5

6 Distributable Amount. Subtract line 5 from line 4, unless subject to

emeraencv temoorarv reduction (see instructions) 6

7 D Check here if the current year is the organization 's first as a non-functionally integrated Type Ill supporting organization (see

instructions .

Schedule A (Form 990 or 990-EZ) 2017

732026 10-06-17

UNIVERSITY OF WEST FLORIDA Schedule A (Form 990 or 990-EZ) 2017 FOUNDATION INC 59 6166292 - Paqe 7

I Part V I Type Ill Non-Functionally Integrated 509 a)(3) Suooorting Organizations (continued)

Section D - Distributions Current Year

1 Amounts oaid to suooorted organizations to accomplish exempt purposes

2 Amounts paid to perform activity that directly furthers exempt purposes of supported

orqanizations, in excess of income from activity

3 Administrative exoenses oaid to accomolish exempt purposes of suooorted organizations

4 Amounts oaid to acquire exemot-use assets

5 Qualified set-aside amounts (prior IRS aooroval required)

6 Other distributions (describe in Part Vil . See instructions.

7 Total annual distributions. Add lines 1 throuqh 6.

8 Distributions to attentive supported organizations to which the organization is responsive

(orovide details in Part Vil . See instructions.

9 Distributable amount for 2017 from Section C, line 6

10 Line 8 amount divided bv line 9 amount

(i) (ii) (iii)

Section E - Distribution Allocations (see instructions) Excess Distributions Underdistributions Distributable Pre-2017 Amount for 2017

1 Distributable amount for 2017 from Section C, line 6

2 Underdistributions, if any, for years prior to 2017 (reason·

able cause required· exolain in Part Vil. See instructions.

3 Excess distributions carryover, if any, to 2017

a

b From 2013

C From 2014

d From 2015

e From 2016

f Total of lines 3a throuqh e

a Aoolied to underdistributions of orior vears

h Applied to 2017 distributable amount

i Carryover from 2012 not aoolied (see instructions)

i Remainder. Subtract lines 3q, 3h, and 3i from 3f.

4 Distributions for 2017 from Section D,

line 7: $

a Aoolied to underdistributions of orior years

b Applied to 2017 distributable amount

C Remainder. Subtract lines 4a and 4b from 4.

5 Remaining underdistributions for years prior to 2017, if

any. Subtract lines 3g and 4a from line 2. For result greater

than zero, exolain in Part VI. See instructions.

6 Remaining underdistributions for 2017. Subtract lines 3h

and 4b from line 1. For result greater than zero, explain in

Part VI. See instructions.

7 Excess distributions carryover to 2018. Add lines 3j

and 4c.

8 Breakdown of line 7:

a Excess from 2013

b Excess from 2014

C Excess from 2015

d Excess from 2016

e Excess from 2017


732027 10-06- 17

UNIVERSITY OF WEST FLORIDA Schedule A Form 990 or 990-EZ 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 8 Part VI

732028 10-06-17

Supplemental Information. Provide the explanations required by Part II , line 1 O; Part II , line 17a or 17b; Part Ill , line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11 a, 11 b, and 11 c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1 c, 2a, 2b, 3a, and 3b; Part V, line 1; Part V, Section B, line 1 e; Part V, Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information_ See instructions.


Schedule B (Form 990, 990-EZ, or 990-PF) Department of the Treasury Internal Revenue Service

Schedule of Contributors ~ Attach to Form 990, Form 990-EZ, or Form 990-PF. ~ Go to www.irs.gov/Form990 for the latest information.

Name of the organizati on

UNIVERS I TY FOUNDATION

OF WEST FLORIDA INC

Organization type (check one):

Filers of: Section:

Form 990 or 990-EZ [xJ 501 (cl( 3 ) (enter number) organization

D 4947(a)(1) nonexempt charitable trust not treated as a private foundation

D 527 political organization

Form 990-PF D 501 (c)(3) exempt private foundation

D 4947(a)(1) nonexempt charitable trust treated as a private foundation

D 501 (c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.

0 MB No. 1545-0047

2017 Employer identificat ion number

59 - 6166 292

Note: Only a section 501 (cl(?), (8), or (10) organization can check boxes for both the General Rule and a Special Rule . See instructions.

General Rule

D For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or

property) from any one contributor. Complete Parts I and II. See instructions for determining a cont ributor's total contributions.

Special Rules

[xJ For an organization described in section 501 (c)(3) filing Form 990 or 990-EZ that met the 33 1 /3% support test of the regulations under

sections 509(a)(1) and 170(b)(1 )(A)(vi) , that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from

any one contributor, during the year, total contributions of the greater of (1) $5,000; or (2) 2% of the amount on (i) Form 990, Part VIII , line 1 h;

or (ii) Form 990-EZ, line 1. Complete Parts I and II.

D For an organization described in section 501 (cl(?), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor, during the

year, total contributions of more than $1 ,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for

the prevention of cruelty to children or animals. Complete Parts I, 11 , and Il l.

D For an organization described in section 501 (cl(?), (8) , or (10) filing Form 990 or 990-EZ that received from any one contributor, during the

year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1 ,000. If this box

is checked , enter here the total contributions that were received during the year for an exclusively religious, charitable, etc.,

purpose. Don 't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively

religious, charitable, etc ., contributions totaling $5,000 or more during the year .................. ~ $ ________ _

Caution: An organization that isn 't covered by the General Rule and/or the Special Rules doesn 't file Schedule B (Form 990, 990-EZ, or 990-PF),

but it must answer "No" on Part IV, line 2, of its Form 990; or check the box on line Hof its Form 990-EZ or on its Form 990-PF, Part I, line 2, to

certify that it doesn 't meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF).

LHA For Paperwork Reduct ion Act Notice, see the instructions for Form 990, 990-EZ, or 990-PF. Schedule B (Form 990, 990-EZ , or 990-PF) (2017)

723451 11-01-17

Schedule B (Form 990, 990-EZ, or 990-PF) (2017)

Name of organ ization


Page 2 Emp loyer identification number

59 - 616629 2

Part I Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.

(a) (b) (c) (d) No. Name, address, and ZIP + 4 Total contributions Type of contribution

CONSUMER CREDIT COUNSELING SERVICE OF 1 WEST FLORIDA Person [xJ

Payroll D PO BOX 950 $ 1,000,780. Noncash D

(Complete Part II for

PENSACOLA , FL 32591 noncash contributions.) .


2 GULF POWER FOUNDATION, INC. Person [xJ Payroll D

1 ENERGY PLACE $ 370,500. Noncash D (Complete Part II for

PENSACOLA, FL 32520 noncash contributions.)


3 MR. FREDRIC G. LEVIN Person D Payroll D

3400 N 1 8TH AVENUE $ 7,847,925. Noncash [xJ (Complete Part II for

PENSACOLA, FL 32503 noncash contributions.)


Person D ---Payroll D

$ Noncash D (Complete Part II for noncash contributions.)

(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

Person D ---Payroll D


(a) (b) (c) (d)

No. Name, address, and ZIP + 4 Total contributions Type of contribution

Person D --- D Payroll


123452 11 -01- 11 Schedule B (Fo rm 990, 990-EZ, or 990-PF) (2017)

Schedule B (Form 990, 990-EZ, or 990-PF) (201 7)

Name of organization


Page 3


59 - 6166292

Part II Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.

(a) (c)

No. (b) (d) from Description of noncash property given

FMV (or estimate) Date received

Part I (See instructions.)

TIMELESS TANGLEWOOD: LANDtBUILDING & 3 CONTENTS{FURN. & EQUIP. t

ANTIQUEStWORKS OF ARTt& COLLECTIONS} $ 7l847l925. 01/18/18

(a) (c)




---

$

(a) (c)




---

$

(a) (c)

No. (b) FMV (or estimate) (d)

from Description of noncash property given Date received Part I

(See instructions.)

---

$

(a) (c)


from Description of noncash property given (See instructions.)

Date received Part I

---

$

(a) (c)


from Description of noncash property given (See instructions.)

Date received

Part I

---

$

123453 11 -01 - 11 Schedule B (Form 990, 990-EZ, or 990-PF) (2017)

Schedule B (Form 990, 990-EZ, or 990-PF) (2017)

Name of organization


Page 4 Employer identification number

59 - 6166292 Part Ill Exclusively religious, charitable , etc _, contributions to organ izations described in section 501(c)(7). (8) , or (10) that total more than 1,000 for

the year from any one contributor_ Complete columns (a) through (e) and the following line entry. For organizations

completing Part Ill, enter the total of exclusively rel igious, charitable, etc., contributions of $1 ,000 or less for the year. (En ler lh is info. once.) ~ $ __________ _ Use duplicate copies of Part Ill if add itional space is needed.

(a) No. from (b) Purpose of gift (c) Use of gift {d) Description of how gift is held Part I

- --

(e) Transfer of gift

Transferee's name address and ZIP + 4 Relationship of transferor to transferee

(a) No. from {b) Purpose of gift (c) Use of gift (d) Description of how gift is held Part I

---



(a) No. from (b) Purpose of gift (c) Use of gift (d) Description of how gift is held Part I

---



(a) No. from {b) Purpose of gift (c) Use of gift (d) Description of how gift is held Part I

---



723454 11-01-17 Schedule B (Form 990, 990-EZ, or 990-PF) (2017)

SCHEDULE C (Form 990 or 990-EZ)

Political Campaign and Lobbying Activities For Organizations Exempt From Income Tax Under section 501(c) and section 527

0MB No. 1545-0047

2017 Department of the Treasury Internal Revenue Service

1111> Complete if the organization is described below. 1111> Attach to Form 990 or Form 990-EZ.

1111> Go to www.irs.gov/Form990 for instructions and the latest information. Open to Public

Inspection

If the organization answered "Yes," on Form 990, Part IV, line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then

• Section 501 (c)(3) organizations : Complete Parts I-A and 8. Do not complete Part 1-C.

• Section 501 (c) (other than sect ion 501 (c)(3)) organizations : Complete Parts I-A and C below_ Do not complete Part 1-8_

• Section 527 organizat ions: Complete Part I-A only.

If the organization answered "Yes," on Form 990, Part IV, line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activit ies), then

• Section 501 (c)(3) organizations that have fi led Form 5768 (election under section 501 {h)): Complete Part II-A. Do not complete Part 11 -8 .

• Section 501 (c)(3) organizations that have NOT filed Form 5768 (election under sect ion 501 (h)) : Complete Part 11 -8 . Do not complete Part II-A.

If the organization answered "Yes," on Form 990, Part IV, line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then

• Section 501 c 4 , 5 , or 6 or anizations: Com lete Part Ill. Name of organizat ion UNIVERSITY OF WEST FLORIDA Employer identification number

FOUNDATION INC 59 - 6166292 Part I-A Complete if the organization is exempt under section 501 (c) or is a section 527 organization.

1 Provide a description of the organization 's direct and indirect political campaign activities in Part IV.

2 Political campaign activity expenditures -···--·---------·-·-·----- ········-····--·-·-·-·-·-·· ···· ···· · ..... .... ...... ...... 1111> $ ___ ______ _ 3 Volunteer hours for political campaign activities

I Part 1-B I Complete if the organization is exempt under section 501 (c)(3). Enter the amount of any excise tax incurred by the organizat ion under sect ion 4955 ------------···· ····-·-·-·-·-·-·-·---- .... $ ________ _

2 Enter the amount of any excise tax incurred by organization managers under section 4955

3 If the organization incurred a section 4955 tax, did it file Form 4720 for this year?

4a Was a correction made? ............ _ ............... .................. -............................. .. b If "Yes," describe in Part IV.

.... $ -~-~--~-~-0 Yes D No

D Yes D No

I Part 1-C I Complete if the organization is exempt under section 501 (c), except section 501 (c)(3). 1 Enter the amount directly expended by the filing organization for section 527 exempt function activities 1111> $ ___ ______ _

2 Enter the amount of the filing organization 's funds cont ributed to other organizations for section 527

exempt function activities . . . . . . . . . . . . . . . . . . . . . . . ............ . ....... -·· .... $ ______ _

3 Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL,

line 17b Iii> $ ______ _

4 Did the filing organization file Form 1120-POL for this year? ............................ ................ -----··-···-·····-· ........ ... _ D Yes D No

5 Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the f il ing organization made payments. For each organization listed , enter the amount paid from the filing organization 's funds. Also enter the amount of political

contributions received that were promptly and directly delivered to a separate polit ical organization , such as a separate segregated fund or a

political action committee (PAC). If additional space is needed, prov ide information in Part IV.

(a) Name (b) Address (c) EIN

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

LHA

732041 11-09-17

(d) Amount paid from (e) Amount of political fi ling organization 's cont ributions received and

funds. If none, enter -0-. promptly and directly delivered to a separate political organization .

If none, enter -0-.

Schedule C (Form 990 or 990-EZ) 2017

UNIVERSITY OF WEST FLORIDA Schedule C (Form 990 or 990-EZ) 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Page 2

I Part II-A I Complete if the organization is exempt under section 501 {c)(3) and filed Form 5768 {election under section 501 {h)).

A Check ..... D if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN,

expenses, and share of excess lobbying expenditures)_

B Check ..... o if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (a) Filing (b) Affiliated group

organization's totals (The term "expenditures" means amounts paid or incurred.) totals

1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ... ............. ... ..... ....

b Total lobbying expenditures to influence a legislative body (direct lobbying) . . . . . . . . . . . . . . . ............... .. 120 000. C Total lobbying expenditures (add lines 1 a and 1 b) ..... ......... .... ... ... ... .. .. ... .. ...... .... .. .............. 120 000. d Other exempt purpose expenditures .. .......... ... .... .... ..... . ... ............. ..... ................... ...... . ... .. 16 910 288. e Total exempt purpose expenditures (add lines 1 c and 1 d) ... . .......... .. ... ............... ··-·················· 17,030 288. f Lobbyino nontaxable amount. Enter the amount from the followina table in both columns. 1 000 000.

If the amount on line 1e column {al or {bl is: The lobbvina nontaxable amount is:

Not over $500,000 20% of the amount on line 1 e.

Over $500,000 but not over $1 ,000,000 $100,000 plus 15% of the excess over $500,000.

Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1 ,000,000

Over $1 ,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1 ,500,000.

Over $17 000 000 $1000000.

g Grassroots nontaxable amount (enter 25% of line 1 f) ··· ························ ····························· ·········· 250 000. h Subtract line 1 g from line 1 a_ If zero or less, enter -0-

. ······ ········ ········ ············ ·········· ···················· 0. i Subtract line 1 f from line 1 c. If zero or less, enter -0- -- ·- .... .. ... ........... ............................ ... ..... ..... 0.

If there is an amount other than zero on either line 1 h or line 1 i, did the organization file Form 4 720

reporting section 4911 tax for this year? _ .. _.. ... . ........ ............................. .......... . Dves 0No 4-Year Averaging Period Under section 501(h)

(Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) Total (or fiscal year beginning in)

2a Lobbying nontaxable amount 926,217. 935,897. 1 000 000. 1,000,000. 3,862.114. b Lobbying ceiling amount

(150% of line 2a, column(e)) 5,793,171.

c Total lobbvino expenditures 70 000. 65.000. 95 000. 120.000. 350 000.

d Grassroots nontaxable amount 231,554. 233,974. 250 000. 250.000. 965,528. e Grassroots ceiling amount

(150% of line 2d, column (e)) 1,448 292.

f Grassroots lobbyino expenditures


732042 11 -09-17

UNIVERSITY OF WEST FLORIDA ScheduleC(Form990or990-EZ)201 7 FOUNDATION INC 59 - 6166292 Page3

I Part 11-B I Complete if the organization is exempt under section 501 (c)(3) and has NOT filed Form 5768 (election under section 501 (h)).

For each "Yes," response on lines 1a through 1i below, provide in Part /Va detailed description (a) {b)

of the lobbying activity. Yes No Amount

1 During the year, did the filing organization attempt to influence foreign, national, state or

local legislation, including any attempt to influence public opinion on a legislative matter

or referendum, through the use of:

a Volunteers? ... ··--------······ ·········· ................. ........................................... ... ............... ........ .........

b Paid staff or management (include compensation in expenses reported on lines 1 c through 1 i)? ...

C Media advertisements? ........ ......... ...... .................... ....... ................ .... ....... .......... ............ ....

d Mailings to members, legislators, or the public? ............ . .... . ..... .. . .. .. .... .... ... ... .... .. . ........... ....... ...

e Publications, or published or broadcast statements? ················· ···· · ............................ . . . . . . . . . . . . . . f Grants to other organizations for lobbying purposes? ............ . .... ... .. .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Direct contact with legislators, their staffs, government officials, or a legislative body? ... .. .. . ...•••....

h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ... ......

i Other activities? ....... ......... .............................. ············································· ·· ··· · ···················· j Total. Add lines 1 c through 1 i ..... ............................ .. .... ...... ... .... .. . .... ....... . .... . . . . . . . . . ... . .. ....••.. . . . ..

2a Did the activities in line 1 cause the organization to be not described in section 501 (c)(3)? . . . . . . . . . . . . b If "Yes," enter the amount of any tax incurred under section 4912 ...... ..... .. ...... .. ........... .. ... ... ........

C If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ........ .

d If the filina oraanization incurred a section 4912 tax did it file Form 4720 for this vear? . . .. . .. . .. . . . ... . .

I Part Ill-A I Complete if the organization is exempt under section 501 (c)(4), section 501 (c)(5), or section 501(c)(6).

Yes No

1 Were substantially all (90% or more) dues received nondeductible by members? .............................................. .. ... 1

2 Did the organization make only in-house lobbying expenditures of $2,000 or less? ............... ........... ........ .. .... ... .. .. 2

3 Did the oraanization aaree to carrv over lobbvina and oolitical camoaian activitv exoenditures from the orior vear? 3 I Part 111-B I Complete if the organization is exempt under section 501 (c)(4), section 501 (c)(5), or section

501 (c)(6) and 1f either (a) BOTH Part Ill-A, lines 1 and 2, are answered "No," OR (b) Part Ill-A, hne 3, 1s answered "Yes."

1 Dues, assessments and similar amounts from members ..... ............................... ... ....... ... ..... ......... .... ..... .

2 Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political

3

expenses for which the section 527(f) tax was paid).

a Current year

b Carryover from last year ..... .

c Total

Aggregate amount reported in section 6033(e)(1 )(A) notices of nondeductible section 162(e) dues

4 If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess

does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political

expenditure next year? ...

5 Taxable amount of lobbyinq and political expenditures (see instructions) .... .. ... .

I Part IV I Supplemental Information

2a

2b

2c

3

4

5

Provide the descriptions required for Part l·A, line 1; Part l·B, line 4; Part l·C, line 5; Part ll·A (affiliated group list); Part ll·A, lines 1 and 2 (see

instructions); and Part ll·B, line 1. Also, complete this part for any additional information.


732043 11-09-17

SCHEDULED Supplemental Financial Statements 0MB No. 1545-0047

(Form 990) .... Complete if the organization answered "Yes" on Form 990, Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.

.... Attach to Form 990.

2017 Department of the Treasury Internal Revenue Service Go to www.irs. ov/Form990 for instructions and the latest informat ion.

Open to Public Inspection

Name of the organizat ion UNIVERSITY OF WEST FLORIDA FOUNDATION INC


59 - 6166292 Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. complete if the

organization answered "Yes" on Form 990, Part IV, line 6.

(a) Donor advised funds (bl Funds and other accounts

1 Total number at end of year ........... ................ .. ····· ····· ·· 2 Aggregate value of contributions to (during year) ·· · ···· ....

3 Aggregate value of grants from (during year) ··············· 4 Aggregate value at end of year ..... ............. .... ....

5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds

are the organization 's property, subject to the organization's exclusive legal contro l? ............ ..... ... ... ............................. D Yes 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only

for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring

im ermissible rivate benefit? ................. ..... ... . ........ .. ... ............. ......................... . ..... D Yes Part II Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

1 Purpose(s) of conservation easements held by the organizat ion (check all that apply) .

D Preservation of land for public use (e.g., recreation or education) D Preservation of a historically important land area

D Protection of natural habitat D Preservation of a cert ified historic structure

D Preservation of open space

D No

D No

2 Complete lines 2a through 2d if the organization held a qualified conservat ion contribution in the form of a conservation easement on the last

day of the tax year. Held at the End of the Tax Year a Total number of conservation easements 2a

b Total acreage restricted by conservat ion easements 2b

c Number of conservation easements on a certified historic structure included in (a) 2c

d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure

listed in the National Register ........... ...... ... .... ............................... . .......... ... ................. ... ... .... .. .. .. ......... . 2d

3 Number of conservation easements modified, transferred, released , extinguished, or terminated by the organization during the tax

year .... ~~~~~~ 4 Number of states where property subject to conservation easement is located ....

5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of

violations, and enforcement of the conservation easements it holds? ... .. ....... ........... D Yes 0 No 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year

.... 7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservat ion easements during the year

.... $

8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i)

and section 170(h)(4)(B)(ii)? ........... ...... ...... ...................... ....... ....... .. ... .............. ...... ......... .......... . . D Yes 0 No 9 In Part XIII, describe how the organization reports conservat ion easements in its revenue and expense statement, and balance sheet, and

include, if applicable, the text of the footnote to the organizat ion 's financial statements that describes the organization 's accounting for

conservation easements. I Part Ill / Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.

Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

1a If the organization elected , as permitted under SFAS 11 6 (ASC 958), not to report in its revenue statement and balance sheet works of art,

historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII ,

the text of the footnote to its financial statements that describes these items.

b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical

treasures, or other similar assets held for public exhibition , education, or research in furtherance of public service, provide the following amounts

relating to these items:

(i) Revenue included on Form 990, Part VIII , line 1

(ii) Assets included in Form 990, Part X . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... $ ---'-7_,_, -"8---"4'---'-7_,_,----=-9....cc2c..cc5--'-.

.... $ __ 6~ , 3~9_1~,_0_8_8_. 2 If the organization received or held works of art, historical treasures, or other similar assets for financ ial gain , provide

the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

a Revenue included on Form 990, Part VIII , line 1

b Assets included in Form 990, Part X

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990.

73205 1 10-09- 17

Schedule D (Form 990) 2017

UNIVERSITY OF WEST FLORIDA Schedule D Form 990 2017 FOUNDATION INC Pa e 2 Part Ill

3 Using the organization 's acquisition , accession , and other records, check any of the following that are a significant use of its collection items

(check all that apply):

a D Public exhibition d D Loan or exchange programs

e D Other b D Scholarly research ------------------------

4

5

c D Preservation for future generations

Provide a description of the organization 's collections and explain how they further the organization 's exempt purpose in Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets

to be sold to raise funds rather than to be maintained as art of the or anization 's collection? ....... .............. D Yes [xJ No

Part IV Escrow and Custodial Arrangements. Complete if the organization answered "Yes " on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21 .

1a Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included

oo~~~~ ....................... ... ..................................................................................... o~ b If "Yes," explain the arrangement in Part XIII and complete the following table :

Amount

c Beginning balance 1c

d Additions during the year .......... ............................ .............. . 1d

e Distributions during the year ................... ........... .. ..... ....... .... ........................................................ ..... . 1e

Ending balance ............ .. ............................................. ........ ... ... . 1f

2a Did the organization include an amount on Form 990, Part X, line 21 , for escrow or custodial account liability? .. D Yes

b If "Yes "explain the arranaement in Part XIII. Check here if the explanation has been provided on Part XIII ..................... ...............

/ Part V / Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

0 No

0 No D

Cal Current year (bl Prior year (cl Two years back (dl Three years back (el Four years back

1a Beginning of year balance ····················· 74 696 741 61 758 523 62 812 538 64 344 233

b Contributions ... ............ ...... . .................... 1 580 391 7 022 309 4 875 354 378 256

C Net investment earnings, gains, and losses 5 837 844 8 561 587 - 3 704 533 . 1 316 376

d Grants or scholarships ·· ······················-·· 878 237. - 863 004

e Other expenditures for facilities

and programs ... ···················· ··· ········· - 2 936 645 - 2 645 678 - 2 224 836. - 1 270 556.

f Administrative expenses ············ ·· ···· ··· ··· - 1 058 646.

g End of year balance ............. .... .. ....... 79 178 331 74 696 741 61 758 523 62 812 538

2 Provide the estimated percentage of the current year end balance (line 1 g, column (a)) held as:

a Board designated or quasi·endowment .... %

b Permanent endowment .... ______ %

c Temporarily restricted endowment .... ________ %

The percentages on lines 2a, 2b, and 2c should equal 100% .

3a Are there endowment funds not in the possession of the organization that are held and administered for the organization

by:

(i) unrelated organizations ... ....... ..... ... ... .............. ... ................... .

(ii) related organizations .......... .. ..... ..... .................... . ............... .

b If "Yes" on line 3a(ii), are the related organizations listed as required on Schedule R? ....... .. ............ ............. .. ... ... .

4 Describe in Part XIII the intended uses of the or anization 's endowment funds. Part VI Land, Buildings, and Equipment.

Complete if the organization answered "Yes " on Form 990, Part IV, line 11 a. See Form 990, Part X, line 10.

Description of property (a) Cost or other (b) Cost or other (c) Accumulated basis (investment) basis (other) depreciation

1a Land ........... . . . . . . . . . . . . . . . . . . . . - . - . . . . . . . . . . . . . . . . . 2 334 483.

Yes No

3alil X 3aliil X

3b

(d) Book value

2.334 483. b Buildings 82 624 648. 32,817 457. 49.807 191. ......... - - . . . . . . . - - - . . - . . . . . . . . . . . . . . . . . . . . . . . . C Leasehold improvements ······ ······ ······ ····· . ....

d Equipment ...... ········ ···· ········· ····-- 961 463. 503 543. 457 920. e Other . ......... 979 689. 979 689.

Total. Add lines 1 a throuah 1 e. (Column (d) must eaual Form 990 Part X column (BJ. line 10c.) ... .. , . . . . . . . . . . . . . . . . . . " . . . . " . . . . . .... 53.579 283. Schedule D (Form 990) 2017

732052 10-09-17

4

UNIVERSITY OF WEST FLORIDA Schedule D Form 990 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 3 Part VII Investments - Other Securities.

Complete if the organization answered "Yes" on Form 990 Part JV line 11 b See Form 990 Part X line 12

(a) Description of security or category (including name at security) (b) Book value (c) Method of valuation: Cost or end-of-year market value

(1) Financial derivatives ........... ... ........ ········ ······· (2) Closely-held equity interests ············ ········ ·· ······· ·· (3) Other

(Al COMMINGLED FUNDS 8 799 734. END-OF - YEAR MARKET VALUE (B) PRIVATE EQUITY & CREDIT (Cl FUNDS 2 648,851. END-OF - YEAR MARKET VALUE (D) REAL ESTATE INVESTMENT /Fl TRUSTS 3,174,114. END-OF-YEAR MARKET VALUE (Fl CERTIFICATES OF DEPOSIT 586 890. END - OF - YEAR MARKET VALUE (G)

(Hl

Total. (Col. (bl must eaual Form 990 Part X col. /Bl line 12.l .... 15 209.589. I Part VIII I Investments - Program Related.

Comolete if the oraanization answered "Yes" on Form 990, Part IV, line 11c. See Form 990, Part X, line 13. (a) Description of investment (b) Book value (c) Method of valuation: Cost or end-of-year market value

(1)

12}

(3}

14l

15}

(6l

(7l

18}

(9}

Total. (Col. (bl must eoual Form 990 Part X col. /Bl line 13.l .... I Part IX I Other Assets.

Complete if the organization answered "Yes" on Form 990, Part IV, line 11 d . See Form 990, Part X, line 15. (a) Description (b) Book value

11)

(2l

13}

(4}

15}

16}

(7l

181

(9}

Total. (Column (b) must eaua/ Form 990 Part X co/_ (B) line 15_) ...... ·······- ...... ........... .............. .... . .......... . ...... .... I Part X I Other Liabilities.

Complete if the organization answered "Yes" on Form 990, Part IV, line 11 e or 11f. See Form 990, Part X, line 25.

1. (a) Description of liability (b) Book value

(1 l Federal income taxes

(2l SPLIT INTEREST AGREEMENTS 1,604,792. (3\ DUE TO WEST FORIDA HISTORIC TRUST. (4\ INC. 1.238.296. (5l

(6l

(7l

(8l

(9)

Total. (Column (b) must equal Form 990, Part X, col. (BJ line 25.) . . .. .... 2.843.088. 2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization 's financial statements that reports the

organization 's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII 00 Schedule D {Form 990) 2017

732053 10-09-17

' UNIVERSITY OF WEST FLORIDA Schedule D Form 990 201 7 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 4 Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return.

Complete if the organization answered "Yes " on Form 990, Part IV, line 12a.

Total revenue, gains, and other support per audited financial statements

2 Amounts included on line 1 but not on Form 990, Part VII I, line 12:

a Net unrealized gains (losses) on investments

b Donated services and use of facilities .

c Recoveries of prior year grants

d Other (Describe in Part XIII .)

e Add lines 2a through 2d

3 Subtract line 2e from line 1 __ .. __ ........................................ .

4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:

2a 3 093 578. 2b

2c

2d 67 792.

a Investment expenses not included on Form 990, Part VIII , line 7b . .................. 11-'4=a-;1 _______ -;

b Other (Describe in Part XIII.) ................... .. ........... ... ......................................... . 4b

c Add lines 4a and 4b

2e

3

4c

31,015,680.

3 16 1 370. 27 854 310.

0. 5 Total revenue. Add lines 3 and 4c. (This must eaual Form 990 Part I line 12.J ... .. 5 2 7 854 310.

I Part XII I Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered "Yes " on Form 990, Part IV, line 12a.

Total expenses and losses per audited financial statements ..................... . 19 271,574. 2 Amounts included on line 1 but not on Form 990, Part IX, line 25:

a Donated services and use of facilities ..... ............... ......... . 2a

b Prior year adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . t-=2=b-+-----------1

c Other losses . . . . . . . . . . . . . . . . . . . . . . . ... .................. _ ..... _................... . . . . . . . . . . . . . . . . . _ 2_c _______ __,

d Other (Describe in Part XIII.) ..... ··· ························ ···· ·················-···-· .......:2=d_._ ______ ----1

e Add lines 2a through 2d ...... .... .......................... _. _ .. __ ................... . 2e 0. 3 Subtract line 2e from line 1 ...... .... ... ... ........... ...... ........................ ____ . ______ . _. _. _. _ .. ...... ..... _. _ ......... . 3 19,271,574. 4 Amounts included on Form 990, Part IX, line 25, but not on line 1 :

a Investment expenses not included on Form 990, Part VIII , line 7b ..... ..... . I 4a I b Other (Describe in Part XIII.) .................. .............. ... . ........... ........................... . 4b - 3.637. c Add lines 4a and 4b 4c - 3,637 .

5 Total exoenses. Add lines 3 and 4c. (This must eaual Form 990 Part I line 18.J . 5 19.267 . 937. I Part XIII I Supplemental Information. Provide the descriptions required for Part II , lines 3, 5, and 9; Part Ill , lines 1a and 4; Part IV, lines 1 band 2b; Part V, line 4; Part X, line 2; Part XI,

lines 2d and 4b; and Part XII , lines 2d and 4b. Also complete th is part to provide any additional information .

PART III LINE lA:

TANGLEWOOD - WORKS OF ART

PART X LINE 2:

THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX

UNDER SECTION 50 l (C)(3 ) OF THE INTERNAL REVENUE CODE. HOWEVER , INCOME FROM

CERTAIN INVESTMENT ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S

TAX - EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUS I NESS INCOME. IN

ADDITION, THE FOUNDATION QULAIFIES FOR THE CHARITABLE CONTRI BUTION

DEDUCTION UNDER SECTION 1 70 (B)(l)(A )( VI) AND HAS BEEN CLASSIF I ED AS AN

ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509 (A)(l) .

732054 10-09- 17 Schedule D (Form 990) 2017

' UNIVERSITY OF WEST FLORIDA

Schedule D Form 990 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 5

Part XIII Su lemental Information continued

PART XI, LINE 2D - OTHER ADJUSTMENTS:

CHANGE INS/I AGREEMENT VALUE 67,792.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

WRITE OFF OF UNCONDITIONAL PROMISES TO GIVE - 3,637.

Schedule D (Form 990) 2017

732055 10-09- 17

'

SCHEDULE F (Form 990)


Statement of Activities Outside the United States ~ Complete if the organization answered "Yes" on Form 990, Part IV, line 14b, 15, or 16.

~ Attach to Form .990.

~ Go to www.irs.qov/Form990 for instructions and the latest information.

0MB No. 1545-0047

2017 Open to Public Inspection

Name of the organization Employer identification number

UNIVERSITY OF WEST FLORIDA FOUNDATION INC 59 - 6166292 I Part I I General Information on Activities Outside the United States. Complete if the organization answered "Yes" on

Form 990, Part IV, line 14b.

1 For grantmakers. Does the organization maintain records to substantiate the amount of its grants and other assistance,

the grantees ' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance? .... _ D Yes [xJ No

2 For grantmakers. Describe in Part V the organization 's procedures for monitoring the use of its grants and other assistance outside the

United States.

3 Activities oer Reaion . /The followinq Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region (b) Number of (c) Number of (d) Activities conducted in the region (e) If activity listed in (d) (f) Total offices employees, (by type) (such as, fundraising, pro· is a program service, expenditures

in the region agents, and

gram services, investments, grants to describe specific type for and independent investments contractors recipients located in the region) of service(s) in the region in the region in the renion

CENTRAL AMERICA AND

CARIBBEAN trNVESTMENT 10 581 894.

EAST ASIA AND THE

PACIFIC STUDY ABROAD SCHOLARSHIPS 2 500 .

EUROPE lsTUDY ABROAD SCHOLARSHIPS 26 050

CENTRAL AMERICA AND

CARIBBEAN lsCHOLARSHIPS 28 0 76

EUROPE lsCHOLARSHIPS 1 000

EAST ASIA AND THE

PACIFIC lsCHOLARSHIPS 6 115

NORTH AMERICA SCHOLARSHIPS 1 500.

SOUTH ASIA lsCHOLARSHIPS 5 197.

3a Sub-total 0 0 10 6 52 3 32

b Total from continuation

sheets to Part I 0 0 88 249

C Totals (add lines 3a

and 3b\ 0 0 10 7 40 5 81

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule F (Form 990) 2017

732071 10-06- 17

UNIVERSITY OF WEST FLORIDA Schedule F {Form 990) F 0 0 UNDATI N INC I Part I I Continuation of Activities per Region. (Schedule F (Form 990) , Part 1, line 3)

(a) Region

SOUTH AMERICA

SUB - SAHARAN AFRICA

MIDDLE EAST AND

NORTH AFRICA

Totals

732 18 1 0 4-0 1- 17

..... ~

(b) Number of offices

in the region

(c) Number of (d) Activit ies conducted in region employees or (by type) (i .e., fundraising ,

agents in program services, grants to region recipients located in the region)

SCHOLARSHIPS

SCHOLARSHIPS

lSCHOLARSHI PS

59 6166292 - Paae 1

(e) If activity listed in (d) (f) Total is a program service, expenditures

describe specific type for region of service(s) in region

76 750

7 239

4 260

88 249

Schedule F (Form 990) 2017

UNIVERSITY OF WEST FLORIDA FOUNDATION INC 59-6166292 Paqe 2

Part II I Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any

recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (b) IRS code section (d) Purpose of (e)Amount (f) Manner of (g) Amount of (a) Name of organization (c) Region noncash

and EIN (if applicable) grant of cash grant cash disbursement assistance

2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax·exempt

by the IRS, or for which the grantee or counsel has provided a section 501 (c)(3) equivalency letter ~

~ 3 Enter total number of other organizations or entities

732072 10-06-17

(h) Description (i) Method of of noncash valuation (book, FMV, assistance appraisal, other)



UNIVERSITY OF WEST FLORIDA FQUNDATION INC 59 -:: 6166292 Pa.9.e 3

Part Ill Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

(a) Type of grant or assistance (b) Region (c) Number of (d) Amount of (e) Manner of (f) Amount of (g) Description of (h) Method of

recipients cash grant cash disbursement noncash noncash assistance valuation assistance (book, FMV,

appraisal, other)

SCHOLARSHIPS - STUDY ABROAD EUROPE 0 0 FUNDS ON DEPOSIT 0 N/A

EAST ASIA &

SCHOLARSHIPS - STUDY ABROAD PACIFIC 0 0 FUNDS ON DEPOSIT 0 N/A

SCHOLARSHIPS - STUDY ABROAD SOUTH AFRICA 0 0 "'UNDS ON DEPOSIT 0 N/A

EAST ASIA &

SCHOLARSHIPS - AT UNIVERSITY PACIFIC 0 0 "'UNDS ON DEPOSIT 0 N/A

CENTRAL

SCHOLARSHIPS - AT UNIVERSITY ~MERICA/CARIBBEAN 0 0 "'UNDS ON DEPOSIT 0 N/A

SCHOLARSHIPS - AT UNIVERSITY !EUROPE 0 0 l<'UNDS ON DEPOSIT 0 N/A

~UB - SAHARAN

SCHOLARSHIPS - AT UNIVERSITY 11\.FRICA 0 0 "'UNDS ON DEPOSIT 0 N/A

'

SCHOLARSHIPS - AT UNIVERSITY SOUTH AMERICA 0 0 PUNDS ON DEPOSIT 0 N/A

RUSSIA AND

NEIGHBORING

SCHOLARSHIPS - AT UNIVERSITY STATES 0 0 FUNDS ON DEPOSIT 0 NIA

Schedule F (Form 990) 20 17

732073 10-06- 17

UNIVERSITY OF WEST FLORIDA ._ ... . ·---·- . ..... . , . . - - - --~ - - - - -------I Part Ill I Continuation of Grants and Other Assistance to Individuals Outside the United States. (Schedule F (Form 990), Part Ill)

(a) Type of grant or assistance

SCHOLARSHIPS - AT UNIVERSITY

SCHOLARSHIPS - AT UNIVERSITY

732183 04-01-17

(b) Region

SOUTH ASIA

NORTH AMERICA

(c) Number of recipients

0

0

(d) Amount of (e) Manner of (f) Amount of cash grant cash disbursement non-cash

assistance

0 FUNDS ON DEPOSIT 0

0 FUNDS ON DEPOSIT 0

' ... .... ...,

(g) Description of (h) Method of non-cash assistance valuation

(book, FMV, appraisal, other)

N/A

N/ A

UNIVERSITY OF WEST FLORIDA Schedule F Form 990 2017 FOUNDATI ON INC 59-6166292 Pa e4 Part IV Forei n Forms

Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes, " the

organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign

Corporation (see Instructions for Form 926) . _ ... _ ... _ ... _..... . .......... . _. _. _ .......... .

2 Did the organization have an interest in a foreign trust during the tax year? If "Yes, " the organization

may be required to separately file Form 3520, Annual Return To Report Transactions With Foreign

Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign

Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990) ..... ... .. ...... ....... ... .

3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes,"

the organization may be required to file Form 5471, Information Return of U.S. Persons With Respect To

Certain Foreign Corporations (see Instructions for Form 5471) ............................................... .

4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a

qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621,

Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund

0Yes [xJ No

D Yes [xJ No

0Yes [xJ No

(see Instructions for Form 8621) ........... .... .............................. ....................................... .... ... ....... .. .. ............. .. . D Yes [xJ No

5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes, "

the organization may be required to file Form 8865, Return of U.S. Persons With Respect to Certain

Foreign Partnerships (see Instructions for Form 8865)

6 Did the organization have any operations in or related to any boycotting countries during the tax year? If

"Yes, " the organization may be required to separately file Form 5713, International Boycott Report (see

Instructions for Form 5713; don't file with Form 990) ................ .

732074 10-06-17

0Yes 00 No

0Yes 00 No


UNIVERSITY OF WEST FLORIDA Schedule F Form 990 2017 FOUNDATION INC Part V Supplemental Information

59 - 6166292

Provide the information required by Part I, line 2 (monitoring of funds} ; Part I, line 3, column (f) (accounting method; amounts of

investments vs. expenditures per region); Part II , line 1 (accounting method); Part Ill (accounting method}; and Part Ill , column (c)

(estimated number of recipients) , as applicable. Also complete this part to provide any additional information. See instructions.

Pa e 5

732075 10-06- 17 Schedule F (Form 990) 2017

SCHEDULE G (Form 990 or 990-EZ)

0MB No. 1545-0047


Supplemental Information Regarding Fundraising or Gaming Activities Complete if the organization answered "Yes" on Form 990, Part IV, line 17, 18, or 19, or if the

organization entered more than $15,000 on Form 990-EZ, line 6a. .... Attach to Form 990 or Form 990-EZ.

Go to www.irs. ov/Form990 for the latest instructions.




59 - 6166292 / Part I I Fundraising Activities. Complete if the organization answered "Yes" on Form 990, Part IV, line 17. Form 990-EZ filers are not

required to complete this part .

1 Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a [xJ Mail solicitations e [xJ Solicitation of non-government grants

b [xJ Internet and email solicitations f D Solicitation of government grants

c [xJ Phone solicitations g [xJ Special fundraising events

d [xJ In-person solicitations

2 a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees, or

key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? [xJ Yes D No b If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to be

compensated at least $5,000 by the organization.

(i) Name and address of individual (ii~ Did

(iv) Gross receipts (v) Amount paid (vi) Amount paid fun raiser to (or retained by)

(ii) Activity have custody to (or retained by) or entity (fundraiser) or control of from activity fund raiser organization

contributions? listed in col. (i)

CHARITABLE ADULT RI DES & Yes No SERVICES INC - 4 669 MURPHY WEHICLE PROGRAM X 76 591 24 350 52 241

ALEXANDER HAAS - 3520

PIEDMONT RD NE # 300 tONSULTING X 0 71 875 0

WILSON- BENNETT TECHNOLOGY ,

INC . - 2239 BILL FOSTER IPHONATHON X 0 825 0

COMMUNITY FUNDED - 214 s COLLEGE AVENUE UNIT 3 FORT bAY OF GIVING X 0 15 400 - 15 400

Total ........ .................. ... .......... . ....... ............ .... ..... .... ... ........... .... ............ .... 76 591 112 450 . 36 841.

3 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

AL,AK,AZ,AR,CA,CO,CT,DC,FL,GA,HI,IL,KS,KY,LA,ME,MD,MA,MI,MN,MS,MO,NH,NJ,NM NY,NC,ND,OH,OK,OR,PA,RI,SC,TN,UT,VA,WA,WV,WI

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2017

SEE PART IV FOR CONTINUATIONS 732081 09-13-17

UNIVERSITY OF WEST FLORIDA Schedule G Form 990 or 990·EZ 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 2 Part II Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000

of fund raising event contributions and gross income on Form 990·EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

Q) '.J C Q)

t 1 Gross receipts .......... .......... . a:

(/) Q) (/)

2 Less: Contributions

3 Gross income (line 1 minus line 2)

4 Cash prizes .... .... .. .

5 Noncash prizes ... ..... ........ .............. .... .

[ 6 Rent/facility costs ..... ..... ............. ..... ... . X w u 7 Food and beverages ~ 0

8 Entertainment

9 Other direct expenses ... .... ....... ............... .

(a} Event #1 (b} Event #2 (c} Other events

(event type) (event type} (total number)

10 Direct expense summary. Add lines 4 through 9 in column (d) ......... . .. . .. . . . . ............. .. . . . ... . .... ........ . .. . . ... . .... .. .... ....

11 Net income summarv. Subtract line 1 O from line 3 column (d) . .. . .. . .. . .. . ...... .. . .. .... I Part Ill I Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than

$15,000 on Form 990·EZ, line 6a.

Q) '.J C Q) > Q)

a: 1 Gross revenue

"' 2 Cash prizes ..... ... . Q) (/)

C Q)

~ 3 Noncash prizes w u ~ 4 Rent/facility costs 0

5 Other direct expenses

6 Volunteer labor

(a} Bingo (b) Pull tabs/instant

bingo/progressive bingo (c) Other gaming

D ves % D ves % D ves % ---- ---- ----0 No 0 No D No

7 Direct expense summary. Add lines 2 through 5 in column (d)

8 Net aamina income summarv. Subtract line 7 from line 1 column (dl ....

(d} Total events

(add col. (a} through

col. (c))

(d} Total gaming (add col. (a} through col. (c})

g Enter the state(s) in which the organization conducts gaming activities: - ---------------------.==.---.====r-

a Is the organization licensed to conduct gaming activities in each of these states? ..... ... ...... .. .... ........ ..... ..... . D Yes D No b If "No, " explain :

10a Were any of the organization 's gaming licenses revoked , suspended, or terminated during the tax year? D ves D No

b If "Yes," explain:-------------------- --------------------------

732082 09- 13-17 Schedule G (Form 990 or 990-EZ} 2017

UNIVERSITY OF WEST FLORIDA Schedule G (Form 990 or 990-EZl 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Page 3

11 Does the organization conduct gaming activities with nonmembers? ... D ves 0 No

12 Is the organization a grantor, beneficiary or trustee of a trust, or a member of a partnership or other entity formed

to administer charitable gaming? D ves D No 13 Indicate the percentage of gaming activity conducted in :

a The organization 's facility . . . . ........... ... . .... .... .. ... . . . ......... ... .. ......... .... ........ .... .... ..... ...... . %

b An outside facility ...................................................... . %

14 Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name ....

Address .... -----------------------------------------------

15a Does the organization have a contract with a third party from whom the organization receives gaming revenue? ....... D ves D No

b If "Yes, " enter the amount of gaming revenue received by the organization .... $ _______ and the amount

of gaming revenue retained by the third party .... $ ______ _

c If "Yes," enter name and address of the third party:

Name ....

Address .... -----------------------------------------------

16 Gaming manager information:

Name ....

Gaming manager compensation .... $ ______ _

Description of services provided ....

D Director/officer D Employee D Independent contractor

17 Mandatory distributions:

a Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . ................... .... . D ves D No

b Enter the amount of distributions required under state law to be distributed to other exempt organizations or spent in the

$

Part IV Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part Ill , Jines 9, 9b, 1 Ob, 15b,

15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.

SCHEDULE G, PART I, LINE 2B, LIST OF TEN HIGHEST PAID FUNDRAISERS:

(I) NAME OF FUNDRAISER: CHARITABLE ADULT RIDES & SERVICES, INC.

(I) ADDRESS OF FUNDRAISER:

4669 MURPHY CANYON RD. STE 200, SAN DIEGO, CA 92123

(I) NAME OF FUNDRAISER: ALEXANDER HAAS

(I) ADDRESS OF FUNDRAISER: 3520 PIEDMONT RD. NE, # 300, ATLANTA, GA 30305

732083 09- 13- 17 Schedule G (Form 990 or 990-EZ) 2017

UNIVERSITY OF WEST FLORIDA Schedule G Form 990 or 990-EZ FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 4 Part IV Supplemental Information (continued)

(I) NAME OF FUNDRAISER: WILSON- BENNETT TECHNOLOGY, INC.

(I) ADDRESS OF FUNDRAISER:

2239 BILL FOSTER MEMORIAL HWY., SUITE E, CABOT, AR 72023

(I) NAME OF FUNDRAISER: COMMUNITY FUNDED

(I) ADDRESS OF FUNDRAISER :

214 S COLLEGE AVENUE, UNIT 3, FORT COLLINS, CO 80524

Schedule G (Form 990 or 990-EZ)

732084 04-01-17

SCHEDULE I (Form 990)

Department of the Treasury

Internal Revenue Service

Name of the organization

Grants and Other Assistance to Organizations, Governments, and Individuals in the United States

Complete if the organization answered "Yes" on Form 990, Part IV, line 21 or 22.

~ Attach to Form 990. ~Goto www.irs . .9.ov/Form990 for the latest information.


Part I I General Information on Grants and Assistance

0 MB No. 1545-0047

2017 Open to Public

Inspection


59 - 6166292

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees ' eligibi lity for the grants or assistance, and the selection

criteria used to award the grants or assistance? D ves [X] No

2 Describe in Part IV the orqanization 's procedures for monitorinq the use of qrant funds in the United States.

Part II I Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes " on Form 990, Part IV, line 21, for any

$

1 (a) Name and address of organization (b) EIN (c) IRC section (d) Amount of or government (if applicable} cash grant

2 Enter total number of section 501 (c)(3) and government organizations listed in the line 1 table

3 Enter total number of other organizations listed in the line 1 table

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990.

732101 11-01-17

(e) Amount of non-cash

assistance

(f) Method of (g) Description of valuation (book, noncash assistance FMV, appraisal,

other)

(h) Purpose of grant

~

~

or assistance

Schedule I (Form 990) (2017)

•

•

UNIVERSITY OF WEST FLORIDA &

Schedule 1 (Form 990) (2017) FOUNDATION INC 59 - 6166292 Paqe 2 Part Ill I Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.

Part Ill can be duplicated if additional space is needed. .. (al Type of grant or assistance (bl Number of (cl Amount of (dl Amount of non· (el Method of valuation (fl Description of noncash assistance

recipients cash grant cash assistance (book, FMV, appraisal , other)

SCHOLARSHI PS 1412 1 947 358 0 ~AIR MARKET VALUE

I Part IV I Suoolemental Information. Provide the information reauired in Part I, line 2; Part Ill , column lb\; and anv other additional information.

PART I, LINE 2

SCHOLARSHIPS AND GRANTS ARE AWARDED BY THE FOUNDATION THROUGH THE

UNIVERSITY OF WEST FLORIDA ("UWF"), UWF ADHERS TO ESTABLISHED DONOR!

STATE AND FEDERAL GUIDELINES. UWF DIRECTS ALL SCHOLARSHIP AND GRANT

PAYMENTS.

732 102 11-0 1- 17 Schedule I (Form 990l (2017)

..

SCHEDULE J (Form 990)


Compensation Information For certain Officers, Directors, Trustees, Key Employees, and Highest

Compensated Employees

0MB No. 1545-0047

2017 .... Complete if the organization answered "Yes" on Form 990, Part IV, line 23 .

.... Attach to Form 990. Open to Public • Go to www.irs.aov/Form990 for instructions and the latest information. Inspection

Name of the organization UNIVERSITY OF WEST FLORIDA I Employer identification number

FOUNDATION INC 59 - 6166292 I Part I I Questions Regarding Compensation

1a Check the appropriate box(es) if the organization provided any of the following to or for a person listed on Form 990,

Part VII , Section A, line 1a. Complete Part Ill to provide any relevant information regarding these items.

D First-c lass or charter travel [xJ Housing allowance or residence for personal use

[xJ Travel for companions D Payments for business use of personal residence

D Tax indemnification and gross-up payments [xJ Health or social club dues or initiation fees

D Discretionary spending account D Personal services (such as, maid, chauffeur, chef)

b If any of the boxes on line 1a are checked, did the organization follow a written policy regarding payment or

reimbursement or provision of all of the expenses described above? If "No," complete Part Ill to explain .......................... .. .

2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all directors,

trustees, and officers, including the CEO/Executive Director, regarding the items checked on line 1 a?

3 Indicate which, if any, of the following the filing organization used to establish the compensation of the organization 's

CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by a related organization to

establish compensation of the CEO/Executive Director, but explain in Part 111.

D Compensation committee [xJ Written employment contract

D Independent compensation consultant [xJ Compensation survey or study

D Form 990 of other organizations [xJ Approval by the board or compensation committee

4 During the year, did any person listed on Form 990, Part VII , Section A, line 1 a, with respect to the filing

organization or a related organization :

a Receive a severance payment or change-of-control payment?

b Participate in, or receive payment from, a supplemental nonqualified retirement plan? ................... .

c Participate in , or receive payment from, an equity-based compensation arrangement? ............................ ..... . .... .... ...... .

If "Yes " to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part Ill.

Only section 501{c){3), 501{c){4), and 501{c){29) organizations must complete lines 5-9.

5 For persons listed on Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensation

contingent on the revenues of:

a The organization?

b Any related organization? ............................. .... .... .. .................. .... .. ................ . If "Yes" on line 5a or 5b , describe in Part Ill.

6 For persons listed on Form 990, Part VII , Section A, line 1 a, did the organization pay or accrue any compensation

contingent on the net earnings of:

a The organization? ............................... ... ... ...... ...... ............ .. .

b Any related organization? ................................................ ....... .. .. . If "Yes " on line 6a or 6b, describe in Part Ill.

7 For persons listed on Form 990, Part VII , Section A, line 1 a, did the organization provide any nonfixed payments

not described on lines 5 and 6? If "Yes," describe in Part 111 .

8 Were any amounts reported on Form 990, Part VII , paid or accrued pursuant to a contract that was subject to the

initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe in Part Ill

9 If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in

Reaulations section 53.4958-6/cl?

Yes No

1b X

2 X

4a X 4b X 4c X

Sa X Sb X

6a X 6b X

7 X

8 X

9

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule J {Form 990) 2017

732 111 10-17-17

Schedule J (Form 990) 2017

UNIVERSITY OF WEST FLORIDA FOUNPATION INC 59-6166292

Part II I Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. Paqe 2

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the instructions, on row (ii) . Do not list any individuals that aren 't listed on Form 990, Part VII.

Note: The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1 a, applicable column (D) and (E) amounts for that individual.

(B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and (D) Nontaxable (E) Total of columns (F) Compensation other deferred benefits (B)(i) -(D) in column (B)

(A) Name and Title (i) Base (ii) Bonus & (iii) Other compensation reported as deferred

compensation incentive reportable on prior Form 990 compensation compensation

( 1 ) MARTHA SAUNDERS (i) 0 . 0 . 0. 0 . 0 . 0. 0 . UWF PRESIDENT (ii) 326,590. 63,281. 48,000. 113 602. 8,391. 559 864. 0. ( 2 ) DANIEL LUCAS (i) 0 . 0 . 0 . 0 . 0 . 0 . 0. CFO (ii) 126,602. 4 000. 10 966. 11 332. 16 598. 169,498. 0 . ( 3 ) FRANK RANELLI (i) 0 . 0 . 0 . 0 . 0. 0 . 0 . SENIOR ADVISOR / CONSULTANT liil 140.505. 4 000. 46 991. 15 489. 16 598. 223 583. 0 . ( 4) JANE HALONEN (i) 0. 0. 0 . 0 . 0. 0 . 0 . UWF PROFESSOR liil 137 743. 4.000. 200. 11.596. 16 598. 170 137. 0 . ( 5 ) CHULA KING (i) 0 . 0. 0 . 0. 0 . 0 . 0 . UWF PROFESSOR (iil 244 388. 4.000. 0 . 20 159. 16 598. 285 145. 0 . ( 6 ) DOUG WAGGLE (i) 0 . 0 . 0 . 0. 0 . 0 . 0 . UWF PROFESSOR liil 166 486. 4.000. 31 013. 14 406. 16 598. 232 503. 0 . ( 7 ) GEORGE ELLENBERG (i) 0 . 0 . 0. 0. 0 . 0. 0. PROVOST / SR VICE PRESIDENT (iil 235 767. 44.550. 3 088. 19.687. 18 494. 321 586. 0. ( 8 ) STEVEN CUNNINGHAM (i) 0. 0 . 0. 0 . 0 . 0 . 0 . CHIEF EXECUTIVE OFFICER - BE! (iii 215 897. 4.000. 24 000. 48.131. 18 485. 310 513. 0 .

(i)

(iii

(i)

(iii

(i)

{iii

(i)

{iii

(i)

{iii

(i)

{iii

(i)

{iii

(i) (jjl


732112 10-17-17

..


Part Ill I Supplem ental Information

UNIVERSITY OF WEST FLORIDA FOUND.ATION_INC 59 - 6166292 Paqe 3

Provide the information, explanation , or descriptions required for Part I, lines 1 a, 1 b, 3 , 4a, 4b, 4c, Sa, Sb, 6a, 6b , 7, and 8, and for Part II. Also complete this part for any additional information.


732113 10-17- 17

SCHEDULE K (Form 990)

Supplemental Information on Tax-Exempt Bonds

Department of the Treasury lnternfil8_~venue Service

~ Complete if the organization answered "Yes" on Form 990, Part IV, line 24a. Provide descriptions, explanations, and any additional information in Part VI.

Attach to Form 990. ~ Go to www.irs.i:iov/Form_99Qfor instruc;tions and the latest infQrmation.


. - . --

(a) Issuer name (bl Issuer EIN (c) CUSIP #

UNIVERSITY OF WEST A FLORIDA FOUNDATION, INC. 59-6166292 915241AX1

UNIVERISTY OF WEST sFLORIDA FOUNDATION, INC. 59 - 6166292 000000000

UNIVERSITY OF WEST cFLORIDA FOUNDATION, INC. 59 - 6166292 000000000

D

Part II Proceeds

1 Amount of bonds retired

2 Amount of bonds leqattv defeased

(d) Date issued (e) Issue price (f) Description of purpose

:REFUND SERIES 12/14/16 28 994 560 2009 CONSTRUCTIO~

EXCHANGE FOR THE 12/14/16 8 635 000. ESC. COUNTY HOUSI

EXCHANGE FOR THE 12/14/16 13 683 345 Esc. COUNTY HOUSI

A B C

0 MB No. 1545-004 7



59---:-6166292

(g) Defeased (h) On behalf (i) Pooled of issuer financing

Yes No Yes No Yes No

X X X

X X X

X X X

D

3 Total proceeds of issue . 28,994,560. 8,635 000. 13 683,345. 4 Gross proceeds in reserve funds

5 Capitalized interest from proceeds

6 Proceeds in refundinq escrows 29 702,310. 7 Issuance costs from Proceeds 292.250. 8 Credit enhancement from proceeds

9 Workinq capital expenditures from proceeds ................. . ........... . ..

10 Capital expenditures from proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 Other spent proceeds

12 Other unspent proceeds .......................................... ...

13 Year of substantial completion ........................ . ..... ... ................................ ...

Yes No Yes No Yes No Yes No

14 Were the bonds issued as Part of a current refundina issue? . . . . . . . . . . . . . . . . . . . . . . . . . . . . X X X 15 Were the bonds issued as part of an advance refundinq issue? X X X 16 Has the final allocation of proceeds been made? X X X 17 Does the oraanizat ion maintain adenuate books and records to sunnort the final allocation of nroceeds? X X X Part Ill Private Business Use

A B C D 1 Was the organization a partner in a partnership, or a member of an LLC, Yes No Yes No Yes No Yes No

which owned propertv financed bv tax-exempt bonds? .......................................... X X X 2 Are there any lease arrangements that may result in private business use of

bond-financed ProPertv? X X X 132 12 1 10-1 s- 11 LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule K (Form 990) 2017

Schedule K (Form 990) 2017

UNIVERSITY OF WEST FLORIDA FOUNDATIQN INC

3a Are there any management or service contracts that may result in private

business use of bond-financed property? ......................... . ........ ...

b If "Yes " to line 3a, does the organization routinely engage bond counsel or other outside

counsel to review any manaqement or service contracts relatinq to the financed property?

c Are there anv research aareements that mav result in orivate business use of bond-financed orooerty?

d If "Yes" to line 3c , does the organization routinely engage bond counsel or other outside

counsel to review anv research aareements relatina to the financed orooerty?

4 Enter the percentage of financed property used in a private business use by

entities other than a section 501 (cH3) organization or a state or local government ..... ..... 5 Enter the percentage of financed property used in a private business use as a result of

unrelated trade or business activity carried on by your organization , another

section 501 (c)(3) orqanization , or a state or local aovernment ..................... . .............. .....

6 Total of lines 4 and 5

7 Does the bond issue meet the private security or payment test? .

Ba Has there been a sale or disposition of any of the bond-financed property to a non-

aovernmental person other than a 501 (c)(3) orqanization since the bonds were issued?

b If "Yes " to line 8a, enter the percentage of bond-financed property sold or disposed

of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C If "Yes " to line 8a, was any remedial action taken pursuant to Regulations sections

1.141-12 and 1.145-2?

9 Has the organization established written procedures to ensure that all nonqua\ified

bonds of the issue are remediated in accordance with the requirements under

Reaulations sections 1 .1 41-12 and 1.145-2?

Part IV Arbitrage

Has the issuer filed Form 8038-T, Arbitrage Rebate , Yield Reduction and

Penalty in Lieu of Arbitrage Rebate?

2 If "No" to line 1, did the following apply?

a Rebate not due yet?

b Exception to rebate? .....

c No rebate due? .................................................. ...... .. . ........... ....... .. .

If "Yes " to line 2c, provide in Part VI the date the rebate computation was

performed

3 Is the bond issue a variable rate issue?

4a Has the organization or the governmental issuer entered into a qualified

hedge with respect to the bond issue?

b Name of _Q_rovider .

c Term of hedge

d Was the hedge superintegrated?

e Was the hedqe terminated?

732 122 10-18- 17

59 - 6166292 Pa.9.e 2

A B C D Yes No Yes No Yes No Yes No

X X X

X X X

% % % %

% % % %

% % % %

X X X

X X X

% % % %

X X X

A B C I D Yes J No Yes No Yes No I Yes I No

X X X

X X X X X X X X X

X X X

X X X



UNIVERSITY OF WEST FLORIDA FOUNDATION INC 5_9__- 6166292

Part IV · - ·

A B

Yes No Yes No Sa Were aross oroceeds invested in a auaranteed investment contract (GIC)? X X

b Name of provider .

c Term of GIC .......

d Was the regulatorv safe harbor for establishina the fair market value of the GIC satisfied?

6 Were anv aross proceeds invested bevond an available temoorarv oeriod? ............. ... X X 7 Has the organization established written procedures to monitor the requirements of

section 148? . . .... . ................ ··········· X X Part V Procedures To Undertake Corrective Action

A B

Yes No Yes No Has the organization established written procedures to ensure that violations of

federal tax requirements are timely identified and corrected through the voluntary

closing agreement program if self-remediation isn 't available under applicable

reaulations? ............................................. .. · ·· · ··· · · ······ X X Part VI Supplemental Information. Provide additional information for responses to questions on Schedule K. See instructions

SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: UNIVERSITY OF WEST FLORIDA FOUNDATION, INC. SERIES 2016A u:J DESCRIPTION OF PURPOSE: REFUND SERIES 2009 CONSTRUCTION BOND AND SERIES 2011 DORMATORY REVENUE BOND

(A) ISSUER NAME: UNIVERISTY OF WEST FLORIDA FOUNDATION, INC. SERIES 2016B u:J DESCRIPTION OF PURPOSE: EXCHANGE FOR THE ESC. COUNTY HOUSING FINANCE AUTHORITY 2016 DORM, REV. BOND

(A) ISSUER NAME: UNIVERSITY OF WEST FLORIDA FOUNDATION, INC. SERIES 2016C u:J DESCRIPTION OF PURPOSE: EXCHANGE FOR THE ESC. COUNTY HOUSING FINANCE AUTHORITY 2015 DORM. REV. BOND

SCHEDULE K, SUPPLEMENTAL INFORMATION: DURING FISCAL YEAR 2017, THE FOUNDATION PUBLICALLY ISSUED ADVANCED REFUNDING REVENUE BONDS (SERIES 2016A) OF $28,000,000 TO DEFEASE THE SERIES 2009 AND 2011 OUTSTANDING HOUSING REVENUE BONDS FOR THE PURPOSE OF CONSOLIDATION AND TO ACHIEVE DEBT SERVICE COVERAGE SAVINGS. ADDITIONALLY£ ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY WAS REMOVED AS A SPONSOR. THE FOUNDATION HAS PLACED THE PROCEEDS FROM THE REFUNDING IN IRREVOCABLE ESCROW ACCOUNTS WITH TRUST AGENT TO ENSURE PAYMENT OF DEBT SERVICE OF THE REFUNDED BONDS. SIMULTANEOUS WITH THE ISSUE OF THE SERIES 2016AL THE SERIES 2010 AND 2015 BONDS WERE REISSUED BY PRIVATE PLACEMENT TO THE EXISTING HOLDERS UNDER SERIES 2016B AND SERIES 2016C, RESPECTIVELY. THE TER_l.1S REMAIN SUBSTANTIALLY THE SAME WITH THE 732123 10-18- 17

SEE PART VI SUPPLEMENTAL INFORMATION SHEET

Page 3

C D

Yes No Yes No

X

X

X

C D Yes No Yes No

X


Schedu le K (Form 990) 2017

UNIVERSITY OF WEST FLORIDA FOUNDATION INC 59-6166292

Part VI Supplemental Information. Provide additional information for responses to questions on Schedule K. See instructions (Continued)

EXCEPTION OF REMOVAL OF ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY AS SPONSOR.

PART II PROCEEDS: COLUMN' A .{_]_J. GROSS PROCEEDS FOR THE SERIES 2016A EXCEEDS ISSUE PRICE AS PROCEEDS INCLUDE RELEASED RESERVE FUNDS FROM SERIES 2009.

732 124 10 -1 8-17

Page 4


SCHEDULE M Noncash Contributions 0MB No. 1545-0047

(Form 990) 2017 ~ Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.

Department of the Treasury ~ Attach to Form 990. Open To Public Internal Revenue Service

~ Go to www.irs.Qov/Form990 for the latest information. Inspection

Name of the organization UNIVERSITY OF WEST FLORIDA I Employer identification number

FOUNDATION INC 59 - 6166292 I Part I I Types of Property

(a) (b) (c) (d) Check if Number of Noncash contribution Method of determining

applicable contributions or amounts reported on noncash contribution amounts items contributed Form 990, Part VIII, line 1g

1 Art - Works of art X ....... .. ··· ······ ············· ······· 107 1,388 420. APPRAISED VALUE 2 Art - Historical treasures ··· ·············· ·· ····· 3 Art - Fractional interests ···· ··· ······· ··· ··· · • ··

4 Books and publications ·········· 5 Clothing and household goods

6 Cars and other vehicles X 110 ····· ······ .................. 76 591. IMMEDIATE SALE-3RD p 7 Boats and planes .. ·················· ······-········· 8 Intellectual property ............ .... ..... ... ... ...

9 Securities - Publicly traded ---······ ... . ..... .... X 4 80 029. SALE. PRICE AVERAGIN 10 Securities - Closely held stock .. ·· ······· .... .

11 Securities - Partnership, LLC, or

trust interests ... ·····-· .... ···· ········ ···· ········· 12 Securities - Miscellaneous ···············-· · -· · · · · 13 Qualified conservation contribution -

Historic structures ....... ...........

14 Qualified conservation contribution - Other ..

15 Real estate - Residential ..... ... ... .. .. . ...... X 1 6,000.000. ~PPRAISED VALUE TANG 16 Real estate - Commercial ..... .. ·················· 17 Real estate · Other ........... ... ............ ........

18 Collectibles .... .. ........ . . ... ....... ...... . ...........

19 Food inventory

20 Drugs and medical supplies ... .............. .....

21 Taxidermy .. ............ . ................... ········· 22 Historical artifacts

23 Scientific specimens ········· ·· ······ ····· ···· ····· 24 Archeological artifacts ................

25 Other ~ ( SHARED SERVIC) X 1 761. 521. PER FASB ASC 958 26 Other ~ ( FURNITURE & E J X 92 459.505. I\PPRAISED VALUE - TA 27 Other ~ ( PROGRAM SUPPO J X 2 272.220. FAIR MARKET VALUE 28 Other ~ ( PROGRAM SUPPOl X 11 4,000. FAIR MARKET VALUE 29 Number of Forms 8283 received by the organization during the tax year for contributions

I 29 I for which the organization completed Form 8283, Part IV, Donee Acknowledgement ... ....... 9.042.286 Yes No

30a During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it

must hold for at least three years from the date of the initial contribution , and which isn 't required to be used for

exempt purposes for the entire holding period? .... ·································· ·· ·· ·· ······ ·· 30a X b If "Yes," describe the arrangement in Part II.

31 Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions? ··· ············ ··· 31 X

32a Does the organization hire or use third parties or related organizations to solicit , process, or sell noncash

contributions? 32a X ........ . ............ ..... ... ..... . ... .. ..... . ................................... .. .. ............... . ·· ···· ··· ··· ···· ··· b If "Yes," describe in Part II.

33 If the organization didn 't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule M (Form 990) 2017

73214 1 09-07 - 17

UNIVERSITY OF WEST FLORIDA Schedule M Form 990 2017 FOUNDATION INC 5 9 - 616 6 2 9 2 Pa e 2

Part II Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received , or a combination of both. Also complete this part for any additional information.

SCHEDULE M LINE 32B:

SCHEDULE M, LINE 32B: THE FOUNDATION CONTRACTS WITH CHARITABLE ADULT

RIDES & SERVICES ("CARS") TO OPERATE ITS VEHICLE DONATION PROGRAM.

CARS ACTS AS FOUNDATION'S AUTHORIZED AGENT TO ACCEPT DONATED VEHICLES

AND SUBSEQUENTLY SELL THEM AT DEALERS, WHOLESALERS OR AT AUCTIONS.

SUBSEQUENT TO THE SALE OF THE VEHCILE(S),CARS REMITS TO THE FOUNDATION

PROCEEDS LESS APPLICABLE COMMISSIONS.

SCHEDULE M, LINES 1,15,26: DURING FY 2018, THE FOUNDATION WAS GIFTED AN

ESTATE KNOWN AS "TIMELESS TANGLEWOOD." THE GIFT INCLUDED LAND, A

RESIDENTIAL BUILDING AND FURNITURE & FIXTURES WITH APPRAISED VLAUES OF

$880,000, $5,120,000 (LESS CLOSING COSTS) AND $459,505, RESPECTIVELY.

THE ESTATE ALSO GIFTED THE FOUNDATION WORKS OF ART WITH A TOTAL

APPRAISED VALUE OF $1,388,420.

SCHEDULE M, LINES 27 AND 28: PROGRAM SUPPORT REPRESENTS NON- CASH

CONTRIBUTIONS OF EQUIPMENT, FURNITURE, ANTIQUES, AWARDS AND OTHER ITEMS

DONATED TO VARIOUS UNIVERSITY DEPARTMENTS. A MARKET VALUE OF $1,000 IS

ASSIGNED IF THE PERCEIVED VALUE IS GREATER THAN $1,000 BUT LESS THAN

$10,000 SINCE THE COST OF APPRAISAL OR OUTSIDE VALUATION WOULD EXCEED

THE BENEFIT OF THE DONATION.

SCHEDULE M, LINES 1 THROUGH 28: THE NUMBER OF ITEMS RECEIVED ARE

REPORTED IN LINES 6,15,26 AND 27. THE VALUE OF THE CONTRIBUTIONS

RECEIVED ARE REPORTED IN LINES 1,9,25 AND 28.

732 142 09-07-17 Schedule M (Form 990) 2017

SCHEDULE 0 (Form 990 or 990-EZ)


Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on

Form 990 or 990-EZ or to provide any additional information . .... Attach to Form 990 or 990-EZ.

Go to www.irs. ov/Form990 for the latest information.

0MB No. 1545-0047

2017 Open to Public Ins ection



59 - 6166292

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

SEE SCHEDULE 0

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

INCLUDING HOUSING AT UWF.

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

ALL OTHER PROGRAMS: THE UWF FOUNDATION HAS AGENCY ACCOUNTS WHICH

SUPPORT THE MISSION OF CERTAIN DEPARTMENTS AND COLLEGES WITHIN THE

UNIVERSITY. THESE ACCOUNTS PRIMARILY CONSIST OF DONATED FUNDS TO HELP

SUPPORT FACULTY SALARIES, STUDENT SCHOLARSHIPS, LEARNING ENVIRONMENTS,

PROFESSIONAL DEVELOPMENT, AND LECTURES.

EXPENSES$ 4,642,867. INCLUDING GRANTS OF$ 0. REVENUE$ O.

FORM 990, PART VI, SECTION A, LINE 7B:

BOG MUST APPROVE THE FOUNDATION BOARD OF DIRECTORS

FORM 990, PART VI, SECTION B, LINE llB:

FORM 990 IS PREPARED BY FOUNDATION STAFF IN CONSULTATION WITH CFO AND

SELECTED BOARD OF DIRECTORS. AFTER IMPLEMENTING COMMENTS AND SUGGESTIONS,

FOUNDATION STAFF PREPARES THE FORM 990 FOR FILING. A COPY OF FORM 990 IS

POSTED TO FOUNDATION'S WEBSITE AND DITRIBUTED TO BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION B, LINE 12C:

ANNUALLY, EACH BOARD MEMBER RECEIVES A CONFLICT OF INTEREST QUESTIONNAIRE.

ALL BOARD MEMBERS ARE REQUIRED TO FILL OUT AND SIGN THE QUESTIONNAIRE. LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

732211 09-07-17

Schedule O (Form 990 or 990-EZ) (2017)

Schedule O Form 990 or 990-EZ 2017


Pa e 2


59 - 6166292

BOARD MEMBERS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A

CONFLICT OF INTEREST SHALL REFRAIN FROM CONSIDERATION OF PROPOSED

TRANSACTIONS, UNLESS FOR SPECIAL REASONS THE BOARD OR ADMINISTRATION

REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH CONFLICTS SHALL NOT

VOTE OR PARTICIPATE IN DISCUSSION. ANY PROPOSED TRANSACTION IN WHICH A

CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED

BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE

COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST.

FORM 990, PART VI, SECTION B, LINE 15:

THE UNIVERSITY OF WEST FLORIDA'S BOARD OF TRUSTEES DETERMINES AND APPROVES

ALL COMPENSATION. THE DETERMINATION INCLUDES CONSIDERING COMPENSATION

RELATIVE TO THE MARKET LEVEL FOR THE JOB. CONSIDERATION MAY BE GIVEN TO

SUBSTANTIAL, DIRECTLY RELATED EXPERIENCE AND COMPARABLE INTERNAL SALARIES,

WHICH MAY INCLUDE FACTORS SUCH AS JOB PERFORMANCE AND LEVEL OF

RESPONSIBILITY.

FORM 990, PART VI, LINE 17, LIST OF STATES RECEIVING COPY OF FORM 990:

AK,AZ,CA,CO,HI,KY,LA,ME,MD,MA,MI,MN,NH,NJ,NY,OH,0K,0R,SC,UT,WA,WV,WI,DC,AR

MO MS ND NH

FORM 990, PART VI, SECTION C, LINE 19:

THE FONDATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY,

AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THEIR WEBSITE AND

UPON REQUEST.

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

CHANGE INS/I AGREEMENT 22,388. 732212 09-07-17 Schedule O (Form 990 or 990-EZ) (2017)

Schedule O Form 990 or 990-EZ 2017 Pa e 2

Name of the organization UNIVERSITY OF WEST FLORIDA Employer identification number

FOUNDATION INC 59 - 6166292

LOSS FROM REFUNDED AND CANCELLED RESTRICTED CONTRIBUTIONS - 3,637.

TOTAL TO FORM 990, PART XI, LINE 9 18,751.

FORM 990 PART XII LINE 2C:

THE PROCESS HAS NOT CHANGED.

7322 12 09-07- 17 Schedule O (Form 990 or 990-EZ) (2017)

SCHEDULER (Form 990)

Department of the Treasury l_r_,ternal Revenue Service

Name of the organization

Related Organizations and Unrelated Partnerships ~ Complete if the o'rganization answered "Yes " on Form 990, Part IV, line 33, 34, 35b, 36, or 37.

~ Attach to Form 990.

Go to www.irs.gov/Form990 for instruct ions and the latest informa_t_ion.

UNIVERSITY OF WEST FLORIDA FQUNPATIQN _JNC

Part I Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) (b) (c) (d) (e)

0MB No. 1545-0047

2017 Open to Publ ic

lnsp_ect ion

Employer ident ification number

5_9_ - 6166292

(f) Name, address, and EIN (if applicable) Primary activity Legal domicile (state or Total income End-of-year assets Direct controlling

of disregarded entity foreign country) entity

Part II Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes " on Form 990, Part IV, line 34, because it had one or more related tax-exempt organizations during the tax year.

(a) (b) (c) (d) (e) (f) (g) Name, address , and EIN Primary activity Legal domicile (state or Exempt Code Public charity Direct controlling

Section 512(bX13)

controlled of related organization foreign country) section status (if section entity ent ity?

501 (c)(3)) Yes No UNIVERSITY OF WEST FLORIDA - 59 - 2976783

11000 UNIVERSITY PARKWAY

PENSACOLA FL 32514 HIGHER EDUCATION FLORIDA 115( 1 l N/A N/A X WEST FLORIDA HISTORIC TRUST INC -23 - 7009319 120 CHURCH STREET PENSACOLA FL

32501 HISTORIC PRESERVATION FLORIDA 50l(C)(3) 170(B) (1) ( A ) N/A X UWF BUSINESS ENTERPRISES INC - 32 - 0367342

11000 UNIVERSITY PARKWAY BUILDING 10

PENSACOLA FL 32514 HIGHER ED DEVELOPMENT FLORIDA 501 ( C) ( 3) 1170 ( B) (1) (A) N/ A X

,..

For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2017

732161 09-11- 11 LHA

•

•

UNIVERSITY OF WEST FLORIDA Schedule R (Form 990) 2017 FOUNDATION INC 59 - 6166222 Page 2

Part Ill Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more re lated organizations treated as a partnership during the tax year.

(al (bl (cl (dl (el (fl (gl (hl (il (j) (kl Name, address, and EIN Primary activity Legal Direct controlling Predominant income Share of total Share of Disproportionate Code V-UBI General or Percentage of related organization domicile entity (related, unrelated, income end-of-year amount in box managing ownership (state or allocations?

foreign excluded from tax under assets 20 of Schedule oartner?

country) sections 512-5 14) Yes No K· 1 (Form 1065l Yes No

Part IV Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a corporation or trust during the tax year.

(al (bl (cl (dl (el (fl (gl (hl (il Name, address , and EIN Primary activity Direct controlling Type of entity Share of total Share of Percentage

Section Legal domicile 512(bX13)

of related organization (state or entity (C corp, S corp, income end-of-year ownership controlled foreign or trust) assets entitv? country)

Yes No

732162 09-11-17 Schedule R (Form 990l 2017

•

Q

UNIVERSITY OF WEST FLORIDA Schedule R (Form 990) 2017 FOUNDATION INC 59 - 6166292 Pci.9.Ll

Part V Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note: Complete line 1 if any entity is listed in Parts 11 , Ill, or IV of this schedule. Yes No

1 During the tax year, did the organization engage in any of the following transactions with one or more related organizations listed in Parts II -IV?

a Receipt of (i) interest, (ii) annuities, (ii i) royalties, or (iv) rent from a controlled entity

b Gift, grant, or capital contribution to related organization(s)

c Gift , grant , or capital contribution from related organizat ion(s)

d Loans or loan guarantees to or for related organization(s)

e Loans or loan guarantees by related organization(s)

f Dividends from related organization(s)

g Sale of assets to related organization(s)

h Purchase of assets from related organization(s)

Exchange of assets with related organization(s)

Lease of facilities, equipment, or other assets to related organization(s)

k Lease of facilities , equipment, or other assets from related organization(s)

I Performance of services or membership or fundraising solicitations for related organization(s)

m Performance of services or membership or fund raising solicitations by related organ ization(s)

n Sharing of facilities, equipment , mailing lists, or other assets with re lated organization(s)

o Sharing of paid employees with related organization(s)

p Reimbursement paid to related organization(s) for expenses

q Reimbursement paid by related organization(s) for expenses

.. -· ·- - - - - -

(a) Name of related organization

WEST FLORIDA HISTORIC TRUST, INC. 111 (INVESTMENT HELD BY THE UNIV

UNIVERSITY OF WEST FLORIDA (CASH BALANCES r21HELD BY THE UNIVERSITY)

UNIVERSITY OF WEST FLORIDA (SALARIES AND 131 RELATED COSTS)

UNIVERSITY OF WEST FLORIDA (SCHOLARSHIPS !4l AND PROGRAM SERVICES)

151 UNIVERSITY OF WEST FLORIDA ( FUNDRAISING) WEST FLORIDA HISTORIC TRUST , INC. -

16\ PENSACOLA MUSEUM OF ART 732 163 09-11-1 7

(b) Transaction

type (a-s)

R

s

0

N

L

R

1a X

·· ········· ···· ·· 1b X 1c X 1d X 1e X

X X

1h X 1i X 1 i X

1k X 11 X

1m X 1n X 10 X

X =p

* X

(c) (d) Amount involved Method of determining amount involved

1 238 296. ~CCRUAL ACCOUNTING

378 796. ~CCRUAL ACCOUNTING

3 049 350. ~CCRUAL ACCOUNTING

3 524 359. ACCRUAL ACCOUNTING

346 255. ~CCRUAL ACCOUNTING

4 197 160. APPRAISED VALUE. ACCRUAL ACCOUNT! Schedule R (Form 990) 2017

• '

..

UNIVERSITY OF WEST FLORIDA Schedule R (Form 990) 2017 FOUNDATION INC Part VI Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

59 - 6166292 Page 4

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)

Primary activity Legal domicile Predominant income Are all

Share of Share of Dispropor- Code V-UBI Name, address, and EIN partners sec. General or Percentage of entity (state or foreign (related, unrelated, 501 (c)~3) total end-of-year

tionate amou nl in box 20 managing ownership

excluded from tax under Ori S .. allocations? of Schedule K-1 partner? country) sections 512-514) Yes No income assets Yes No (Form 1065) Yes No

'

Schedule R (Form 990) 2017

732164 09- 11-1 7

•

•

.. ti~ •

UNI VERSITY OF WEST FLORIDA Schedule R Form 990 201 7 FOUNDATION I NC 5 9 - 616 6 2 9 2 Pa e 5 Part VII Supplemental Information.

Provide additional information for responses to questions on Schedu le R. See instructions.

732165 09-11-17 Schedule R (Form 990) 2017

Form 8868 (Rev. January 2017)

Application for Automatic Extension of Time To File an Exempt Organization Return 0MB No. 1545-1709

.... File a separate application for each return. Department of the Treasury Internal Revenue Service .... Information about Form 8868 and its instructions is at www.irs.gov/form8868

Electronic filing (e -file). You can electronically file Form 8868 to request a 6-month automatic extension of time to file any of the

forms listed below with the exception of Form 8870, Information Return for Transfers Associated With Certain Personal Benefit

Contracts, for which an extension request must be sent to the IRS in paper format (see instructions). For more details on the elect ronic

filing of this form, visit www.irs.gov/efi/e , click on Charities & Non-Profits, and click on e-fi/e for Charities and Non-Profits.

Automatic 6-Month Extension of Time. Only submit original (no copies needed).

All corporations required to file an income tax return other than Form 990-T (including 11 20-C filers), partnerships, REM I Cs, and trusts

must use Form 7004 to request an extension of t ime to file income tax returns.

Enter filer's identifying number

Type or Name of exempt organization or other filer, see instructions. Employer identificat ion number (EIN) or

print UNIVERSITY OF WEST FLORIDA FOUNDATION INC 59 - 6166292

File by the Number, street , and room or suite no. If a P.O. box, see instructions. Social security number (SSN) due date for

filing your 11000 UNIVERSITY PKWY BLDG 12 return. See instructions. City, town or post office, state, and ZIP code. For a foreign address, see instructions.

PENSACOLA FL 32514 - 5732 Enter the Return Code for the return that this application is for (file a separate application for each return) . ......... ........... .... ... ... ... . .............. I o I 1 I Application Return Application Return

Is For Code Is For Code

Form 990 or Form 990-EZ 01 Form 990-T lcoroorationl 07

Form 990-BL 02 Form 1041-A 08

Form 4720 (individual) 03 Form 4720 (other than individual) 09

Form 990-PF 04 Form 5227 10

Form 990-T (sec. 401 (al or 408(al trust) 05 Form 6069 11

Form 990-T (trust other than above) 06 Form 8870 12

DANIEL LUCAS • Thebooksareinthecareof .... 11000 UNIVERSITY PARKWAY, BLDG. 12 - PENSACOLA, FL 32514

Telephone No. .... 8 5 0 - 4 7 4 - 3 3 8 0 Fax No . ....

• If the organization does not have an office or place of business in the United States, check this box . . . .. .. .. .. .. .. .. .. .. .. . . .. .. .. .. . .... D • If this is for a Group Return, enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group, check this

box .... D . If it is for part of the group, check this box .... D and attach a list with the names and EINs of all members the extension is for.

1 I request an automatic 6-month extension of time unti l MAY 15 , 2 0 19 , to file the exempt organizat ion return

for the organizat ion named above. The extension is for the organization's return for:

.... D calendar year or

.... [xJ tax year begin~ JUL l , 2 0 1 7 , and ending JUN 3 0 , 2 0 18 2 If the tax year entered in line 1 is for less than 12 months, check reason: D Initial return D Final return

Och d anqe 1n accountinq peno

3a If this applicat ion is for Forms 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any

nonrefundable credits. See instructions. 3a $

b If this application is for Forms 990-PF, 990-T, 4720, or 6069, enter any refundable credits and

estimated tax payments made. Include anv orior vear overpayment allowed as a credit. 3b $

C Balance due. Subtract line 3b from line 3a. Include your payment with th is form, if required ,

by usina EFTPS !Electronic Federal Tax Payment System). See instructions. 3c $

0.

0.

0. Caution: If you are going to make an electronic funds withdrawal (direct debit) with th is Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions.

LHA For Privacy Act and Paperwork Reduction Act Notice, see instructions. Form 8868 (Rev. 1-2017)

723841 04-0 1- 17

UWF Foundation Nominating Committee – List of Potential Board Members 2019

UWF Foundation Board of Directors - Nominating Committee Meeting May 16, 2019

LIST OF POTENTIAL BOARD MEMBERS FOR CONSIDERATION

Name Professional and Other Relevant Info

Caryl Greene

• President/CEO Members First Credit Union of FL with over 18 years providing

strategic and operational leadership for the credit union • B.S Business Administration, Major: Economics • Professional Affiliations:

Board of Directors, Southeastern Credit Unions LEVERAGE Board Member, League of Southeastern Credit Unions Pres. NW FL Chapter of League of Southeastern Credit Unions Member, Pensacola Interstate Fair Member, Coastline Calvary Church

Chad Henderson

• Catalyst Healthcare Real Estate (HRE) • Founder and CEO, led Catalyst HRE in guiding hospitals, integrated healthcare

systems and specialty providers of all sizes in planning, creating, optimizing, and maintaining their healthcare real estate assets.

• B.S. Finance – FSU

Amber McClure

• Certified Public Accountant and CFO of Studer Entertainment and Retail • UWF B.S.B.A. Accounting 2003 (graduated with honors) • UWF M.A. Accounting 2005 • Community Involvement: The Beacon; Chain Reaction • Named Southern League 2018 Executive “Woman of Excellence” Award

Rodney Sutton

• Managing Partner & Real Estate Broker SVN, Southland Commercial Real

Estate • Florida licensed Real Estate Broker • Managing Partner in multiple commercial real estate development projects ,

Joint Venture Partnerships, and Private Equity Investments and Property Management

• UWF - B.S. Marketing - 1991 • Professional/Community Affiliations:

Boy Scouts of America, Chain Reaction for Teens Krewe of Lafitte, Sacred Heart Foundation and UWF Athletics

UWF Foundation Board of Directors Industry Review

2019

Current Board Background/Industries These are the fields which we currently have representation or experience from our board

members.

• Banking and Financial Services / Commercial Lending • Insurance and Investment Sales and Management • Community and Economic Development • Non-Profit Organization Management • Real Estate Development, Sales, and Property Management • Hotel and Tourism Management • Accounting • Law and Legal Services • Government and Institutional Affairs • Construction and Home Building Management

Areas of Strategic Advancement These are the areas of need which were mentioned in the UWF Strategic Plan. Their correlating

initiatives are referenced below each field. • Education

o 1.1 Provide high-quality learning and co-curricular experiences. o 3.1 Build programs of distinction that enhance UWF’s reputation for

educational excellence. • Cultural and Economic Advancement

o 4.1 Strengthen and expand partnerships that amplify UWF’s impact and visibility in the community as an educational, cultural and economic center.

• Health o 4.2 Enhance the region’s education, economy, culture, health and well-

being through endeavors beyond campus borders. • Infrastructure

o 5.2 Invest in and steward UWF’s natural, technical, intellectual and physical infrastructure.

• UWF / Community Partners

o 4.3 Inspire partnerships that develop a pathway to employment for UWF students and graduates and imbue the community with value for UWF as a good neighbor.

• Hospitality / Destination Campus o 5.1 Promote UWF’s properties as desirable destinations for educational,

cultural, professional and personal activities.

University Initiatives These are the areas which need financial support for future planning and growth. Projects

having to do with these initiatives are likely to be focuses of the next capital campaign.

• Cybersecurity • Science and Engineering • Advanced Manufacturing • Financial Literacy • Center For Healthy Living • Supply Chain Logistics

UWF Foundation, Inc. Board of Directors

Proposed 2019-2020 Committees and Full Board Meeting Calendar (As correlates with approved 2019-2020 UWF BOT meetings)

DRAFT

FBOD MEETING DATES BOT MEETING DATES Thurs., Aug. 29, 2019 Wed., Aug. 14, 2019

UWFF Committee Meetings BOT Committee Meetings 9:30 a.m. – 5 p.m. at FPAN 9:00 a.m. – 2 p.m. at UWFF Conf. Ctr. Wed., Sept. 18, 2019 Thurs., Sept. 19, 2019 UWFF Board of Directors Meeting BOT Full Board Meeting 3:30 - 5 p.m. at UWF Alumni Conf. Rm. 9:00 a.m. at UWF Conf. Ctr. Nov. 14 - UWF Donor Recognition Dinner 5:30 pm Sanders Beach Thurs., Nov. 21, 2019 Wed., Nov. 6, 2019 UWFF Committee Meetings BOT Committee Meetings 9:30 a.m. – 5 p.m. at FPAN 9:00 a.m. – 2 p.m. at UWF Conf. Ctr. Wed., Dec. 4, 2019 Thurs., Dec. 5, 2019 UWFF Board of Directors Meeting BOT Full Board Meeting 3:30 - 5 p.m. at UWF Alumni Conf. Rm. 9:00 a.m. at UWF Conf. Ctr. Dec. 12 - UWF HOLIDAY FEST – Downtown UWF Historic Trust Museum Plaza Thurs., March 5, 2020 Thurs., Feb. 13, 2020 UWFF Committee Meetings BOT Committee Meetings 9:30 a.m. – 5 p.m. at FPAN 9:00 a.m. – 2 p.m. at UWF Conf. Ctr. Tues., March 17, 2020 Wed., March 18, 2020 UWFF Board of Directors Meeting BOT Full Board Meeting 3:30 - 5 p.m. at UWF Alumni Conf. Rm. 9:00 a.m. at UWF Emerald Coast Campus Thurs., May 14, 2020 Wed., May 13, 2020 UWFF Committee Meetings BOT Committee Meetings 9:30 a.m. – 5 p.m. at FPAN 9:00 a.m. – 2 p.m. at UWF Conf. Ctr. Wed., June 17, 2020 Thurs., June 18, 2020 UWFF Board of Directors Meeting BOT Full Board Meeting 3:30 - 5 p.m. at UWF Alumni Conf. Rm. 9:00 a.m. at UWF Conf. Ctr.

UWF Foundation, Inc. Board Calendar FY18-19 updated 03.04.19 - lfm Date: 2018-2019 Meeting Time Location Attendees

August 17, Friday Board Orientation Workshop 8:30 a.m. – 10:00 a.m. Bowden 2nd Flr Boardroom New Board Members August 30, Thursday Investment Committee 9:30 a.m. – 12:00 p.m. Historic Trust Bowden Bldg.

120 Church St 2nd flr. Alumni Board Room

Committee Member August 30, Thursday Audit / Budget Committee 2:00 p.m. – 3:15 p.m. Committee Member & Requested August 30, Thursday Executive Committee 3:30 p.m. – 5:00 p.m. Committee Member September 25, Tuesday Board of Directors Meeting 3:30 p.m. – 5:00 p.m. Bldg. 12 Alumni Conf. Rm. All Board Members & Requested November 15, Thursday Donor Dinner 5:30 – 9:00 p.m. Sanders Beach-C. Jones Ctr All invited November 16, Friday Investment Managers Breakfast 7:30 – 9 a.m. A.B. E. Café Investment Cmte members November 16, Friday Investment Committee 9:30 a.m. – 12:00 p.m.

FPAN, 207 E Main St Committee Member

November 16, Friday Nominating Committee 1:00 p.m. – 2:00 p.m. Committee Member November 16, Friday Audit / Budget Committee 2:00 p.m. – 3:15 p.m. Committee Member & Requested November 16, Friday Executive Committee 3:30 p.m. – 5:00 p.m. Committee Member November 29, Thursday Grant Committee Meeting 12:00 p.m. – 2:00 p.m. UWF Bldg. 12 Conf. Rm. Committee Member & Requested December 3, Monday Board of Directors Meeting 3:30 p.m. – 5:00 p.m. Bldg. 12 Alumni Conf. Rm. All Board Members & Requested December 11, Tuesday UWF 2018 Holidayfest 5:30 – 7:30 p.m. PNS Historic Village All invited December 15, Saturday Fall 2018 Commencement 9:30 a.m. – 7 p.m. PNS Bay Center All invited to three ceremonies February 21, Thursday Investment Manager Breakfast 7:30 – 9:00 a.m. PNS Yacht Club All invited to this breakfast February 21, Thursday Investment Committee 9:30 a.m. – 12:00 p.m.


February 21, Thursday Nominating Committee 1:00 p.m. – 2:00 p.m. Committee Member February 21, Thursday Audit / Budget Committee 2:00 p.m. – 3:15 p.m. Committee Member & Requested February 21, Thursday Executive Committee 3:30 p.m. – 5:00 p.m. Committee Member March 5, Tuesday Grant Committee Meeting 12:00 p.m. – 2:00 p.m. UWF Bldg. 12 Conf. Rm. Committee Member & Requested March 13, Wednesday Board of Directors Meeting 3:30 p.m. – 5:00 p.m. UWF Bldg. 12 Conf. Rm. All Board Members & Requested March 14, Thursday Breakfast with the President FWB

Emerald Coast Campus 8:00 a.m. – 9:30 a.m. 1170 Martin Luther King Jr

Blvd FWB Invites: Donors, alumni and key industry partners

May 4, Saturday Spring 2019 Commencement 9:30 a.m. – 7 p.m. PNS Bay Center All invited to three ceremonies May 16, Thursday Investment Committee 9:30 a.m. – 12:00 p.m.


May 16, Thursday Nominating Committee 1:00 p.m. – 2:00 p.m. Committee Member May 16, Thursday Audit / Budget Committee 2:00 p.m. – 3:15 p.m. Committee Member & Requested May 16, Thursday Executive Committee 3:30 p.m. – 5:00 p.m. Committee Member June 17, Monday Board of Directors Meeting 3:30 p.m. – 5:00 p.m. Bldg. 12 Alumni Conf. Rm. All Board Members & Requested

O:uwffoundation/FOUNDATION-Board Stuff/Calendars

UWF Events and Happenings Updated 05.09.19 May 2019 16 Investment Mgr. Breakfast - Skopelos at New World & UWF Foundation Committee Meetings* Downtown – FPAN Building – 2nd Floor Classroom 16-17 UWF may be hosting the NCAA Softball Super Regional (pending who wins and who loses) 16-18 UWF may be hosting the NCAA Baseball Regional (pending final rankings) 22 GOLD High-Heeled Happy Hour 5:30 – 7:00 pm Pensacola Museum of Art 24-25 UWF may be hosting the NCAA Baseball Regional (pending who wins and who loses) June 2019 1 Historic Trust Open House (special offerings for alumni at the alumni tent) 6 Heritage Club and Loyalty Donor Luncheon, 11:30 am – 1:00 pm - Museum of Commerce 12 Orlando Alumni/Donor Dinner 13 Tampa Alumni Network Event 17 UWF Foundation Board Meeting *

UWF Pensacola campus, Building 12 Alumni Conference Room 3:30 pm

19 UWF Board of Trustees Full Board Meeting: 9 a.m. – 1 p.m. UWF Conference Center Building 22 20 MBA/MACC Alumni Event 26 Blue Wahoos Party Deck for Alumni and Athletics August 2019 15 Argo Rally at the Fish House *Denotes committee members presence requested

i. ii. · required to submit budgets to the bot for review. based upon the last meeting with the...

Documents