UNIVERSITY OF FLORIDA FOUNDATION, INC.
FINANCIAL STATEMENTS
JUNE 30, 2009
UNIVERSITY OF FLORIDA FOUNDATION, INC.
TABLE OF CONTENTS
JUNE 30, 2009
Page(s)
Independent Auditors’ Report
1–2
Financial Statements
Statement of Financial Position
Statement of Activities
Statement of Cash Flows
Notes to Financial Statements
3
4
5–6
7 – 27
Supplemental Schedules
Schedule of Receipts, Expenditures and Endowment Balances for
Major Gifts Program
Schedule of Receipts, Expenditures and Endowment Balances for
Eminent Scholar Program
Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial
Statements Performed in Accordance With Government
Auditing Standards
Additional Information
Schedule of Expenditures of State Financial Assistance
Notes to Schedule of Expenditures of State Financial Assistance
Independent Auditors' Report on Compliance and Internal
Control over Compliance Applicable to Each Major State
Financial Assistance Project
Schedule of Findings and Questioned Costs
28 – 46
47
48 – 49
50
51
52 – 53
54
INDEPENDENT AUDITORS’ REPORT
The Board of Directors,
University of Florida Foundation, Inc.:
We have audited the accompanying statement of financial position of the University of Florida
Foundation, Inc. (the Foundation) as of June 30, 2009, and the related statements of activities and cash
flows for the year then ended. These financial statements are the responsibility of the Foundation’s
management. Our responsibility is to express an opinion on these financial statements based on our audit.
The prior year comparative information has been derived from the Foundation’s 2008 financial statements
and, in our report dated August 21, 2008, we expressed an unqualified opinion on those financial
statements.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the University of Florida Foundation, Inc. as of June 30, 2009, and the changes in its
net assets and its cash flows for the year then ended, in conformity with accounting principles generally
accepted in the United States of America.
In accordance with Government Auditing Standards, we have also issued a report dated August 20, 2009,
on our consideration of the University of Florida Foundation, Inc.’s internal control over financial
reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements and other matters. The purpose of that report is to describe the scope of our testing of internal
control over financial reporting and compliance and the results of that testing, and not to provide an
opinion on the internal control over financial reporting or on compliance. That report is an integral part of
an audit performed in accordance with Government Auditing Standards and should be considered in
assessing the results of our audit.
Our audit was made for the purpose of forming an opinion on the basic financial statements of the
University of Florida Foundation, Inc. taken as a whole. The supplemental schedules, as listed in the table
of contents, are presented for purposes of additional analysis and are not a required part of the basic
financial statements. Such information has been subjected to the auditing procedures applied in the audit
of the basic financial statements, and, in our opinion, is fairly stated in all material respects in relation to
the basic financial statements taken as a whole.
-1-
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the University of Florida Foundation, Inc.’s basic financial statements. The accompanying
schedule of expenditures of state financial assistance is presented for purposes of additional analysis as
required by Section 215.97, Florida Statues, Florida Single Audit Act, and is also not a required part of
the basic financial statements of the University of Florida Foundation, Inc. The schedule of expenditures
of state financial assistance has been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
Gainesville, Florida
August 20, 2009
-2-
UNIVERSITY OF FLORIDA FOUNDATION, INC.
STATEMENT OF FINANCIAL POSITION
JUNE 30, 2009
(with comparative totals as of June 30, 2008)
2009
2008
ASSETS
Assets
Cash and cash equivalents (Note 2)
Certificates of deposit
Accrued interest and other receivables
Pledges receivable, net (Note 4)
Mortgages and notes receivable, net (Note 5)
Investments (Note 7)
Real estate held for resale (Note 7)
Other assets
Property and equipment, net (Note 11)
Present value of amounts due from externally managed trusts
Land preserve (Note 12)
Permanent collections (Note 12)
Total Assets
$
859,198
10,000,000
1,954,408
74,673,934
447,357
1,226,843,077
6,364,324
2,899,813
8,701,484
2,315,995
15,421,285
25,748,158
$
13,623,906
27,000,000
2,172,286
83,888,826
830,930
1,439,749,634
5,425,324
3,578,403
8,864,137
3,107,077
4,421,285
24,649,535
$ 1,376,229,033
$ 1,617,311,343
$
$
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable and other liabilities
Accrued expenses
Notes payable (Note 13)
Annuity liability
Trust liability
Deferred revenue
Amounts invested on behalf of University of Florida related entities
Total liabilities
Net assets
Unrestricted
Temporarily restricted (Note 14)
Permanently restricted (Note 14)
Total net assets
1,430,491
7,158,703
7,056,435
6,747,705
13,587,005
3,284,000
6,100,074
45,364,413
(40,619,831)
370,225,499
1,001,258,952
1,330,864,620
Total Liabilities and Net Assets
$ 1,376,229,033
The accompanying notes to financial statements
are an integral part of this statement.
-3-
1,142,052
2,660,500
8,244,700
8,805,520
17,428,042
3,694,492
6,060,448
48,035,754
33,166,168
569,354,660
966,754,761
1,569,275,589
$ 1,617,311,343
UNIVERSITY OF FLORIDA FOUNDATION, INC.
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2009
(with comparative totals for the year ended June 30, 2008)
2008
2009
Temporarily
Restricted
Unrestricted
Operating revenue and other additions
Contributions
State matching contributions
Support from the University of Florida
Investment return
Gain (loss) on sale of other assets
Alumni program support
Other
Released from restrictions
Total operating revenue and
other additions
$
$
90,248,181
Operating expenses and other
expenditures
Program services
General college support
Student financial aid
Faculty and staff support
Research
Facilities
Other
Total program services
Supporting services
General and administrative
Fundraising
Alumni affairs
Total supporting services
Total operating expenses and
other expenditures
Change in net assets from current
operations
Net assets, beginning of year (Note 14)
$
$
46,371,956
(158,008)
738,098
268,682
47,220,728
Total
$
130,699,192
9,032,772
(207,873,390)
(292,796)
2,987,580
6,230,022
-
Total
$
145,324,721
1,112,721
10,085,808
24,562,024
(120,893)
3,087,254
11,494,542
-
(59,216,620)
195,546,177
20,109,754
13,071,005
15,652,990
9,590,675
15,967,123
55,774,969
130,166,516
-
-
20,109,754
13,071,005
15,652,990
9,590,675
15,967,123
55,774,969
130,166,516
16,245,320
14,274,908
13,006,350
7,202,051
27,298,052
9,853,871
87,880,552
1,988,982
20,834,522
5,695,233
28,518,737
-
-
1,988,982
20,834,522
5,695,233
28,518,737
4,415,756
18,772,997
5,716,056
28,904,809
158,685,253
-
-
158,685,253
116,785,361
(217,901,873)
78,760,816
(196,685,529)
-
Change in net assets
84,137,655
306,250
(156,746,082)
(139,788)
314,327
4,700,862
(129,258,753)
(196,685,529)
(68,437,072)
Other changes
Change in value of split interest
agreements
Pension changes other than net
periodic pension costs (Note 15)
Provision for doubtful pledges
Net assets, end of year (Note 14)
189,581
8,726,522
(51,127,308)
5,000
1,935,155
1,260,478
129,258,753
Permanently
Restricted
47,220,728
(757,292)
(2,609,324)
(3,366,616)
(3,182,919)
(5,349,484)
557
(1,686,340)
(10,107,213)
(5,349,484)
(11,792,996)
(1,350,703)
(5,787,588)
(73,785,999)
(199,129,161)
34,504,191
(238,410,969)
68,439,606
33,166,168
569,354,660
966,754,761
1,569,275,589
370,225,499
$ 1,001,258,952
$ 1,330,864,620
(40,619,831)
$
The accompanying notes to financial statements
are an integral part of this statement.
-4-
1,500,835,983
$
1,569,275,589
UNIVERSITY OF FLORIDA FOUNDATION, INC.
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2009
(with comparative totals for the year ended June 30, 2008)
2009
2008
Cash flows from operating activities
Cash contributions
State matching contributions
Cash support from the University of Florida
Alumni program support
Cash received for other revenue
Cash paid for program services
Cash paid for supporting services
Interest and dividends received
Interest paid
Income taxes refunded (paid)
Net cash provided by (used in) operating activities
$ 41,675,369
9,122,949
2,987,580
5,825,781
(87,556,193)
(27,802,499)
10,003,915
(147,859)
99,215
(45,791,742)
$ 72,833,620
27,818,028
10,801,922
3,087,254
15,190,388
(87,075,361)
(27,786,794)
15,279,683
(402,244)
(350,369)
29,396,127
Cash flows from investing activities
Purchases of investments
Sales of investments
Purchases of certificates of deposit
Redemptions of certificates of deposit
Sales of real estate
Purchases of property and equipment
Sales of property and equipment
Origination of notes receivable
Collections of notes receivable
Net cash provided by (used in) investing activities
(578,592,549)
571,696,015
(10,000,000)
27,000,000
212,492
(733,683)
782,262
264,298
10,628,835
(664,413,086)
625,288,781
(27,000,000)
1,400,137
(3,207,044)
940,448
(166,855)
88,211
(67,069,408)
27,577,949
1,141,625
(2,329,890)
(767,076)
(14,288)
(3,210,121)
22,398,199
42,085,098
2,640,000
(2,372,642)
(6,211)
(4,457)
(3,803,386)
38,538,402
Cash flows from financing activities
Proceeds from contributions restricted for
long-term investment
Proceeds from issuance of long-term debt
Payments on long-term debt
Proceeds from (payments to) University of Florida related entities
Proceeds from (payments to) held on behalf of employees
Payments to beneficiaries and other split interest expenses
Net cash provided by financing activities
Net increase (decrease) in cash and cash equivalents
(12,764,708)
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
$
The accompanying notes to financial statements
are an integral part of this statement.
-5-
865,121
13,623,906
12,758,785
859,198
$ 13,623,906
UNIVERSITY OF FLORIDA FOUNDATION, INC.
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2009
(with comparative totals for the year ended June 30, 2008)
(Continued)
Reconciliation of change in net assets to net cash provided
by operating activities
Change in net assets
Adjustments to reconcile change in net assets to net cash provided
by operating activities:
Contributions restricted for long-term investment
Change in trust and annuity liability
Change in pension net asset
Depreciation expense
Loss (gain) on investments and changes in other assets
Loss on amounts held on behalf of University of Florida related entities
Value of donated assets
Change in state match receivable
Change in pledges receivable
Change in due from externally managed trusts
Change in accrued interest and other receivables
Change in allowance for doubtful accounts and pledges
Change in deferred revenue
Change in accounts payable
Change in accrued expenses
Net cash provided by (used in) operating activities
The accompanying notes to financial statements
are an integral part of this statement.
-6-
2009
2008
$(238,410,969)
$ 68,439,606
(27,577,949)
(5,898,852)
5,454,206
537,206
224,839,555
(820,989)
(13,570,953)
(2,578,104)
791,082
217,878
11,912,271
(410,492)
288,440
(564,072)
$ (45,791,742)
(42,085,098)
(3,542,358)
1,052,293
505,536
(1,665,642)
(1,496)
(2,677,297)
26,705,307
(28,217,633)
178,324
667,090
5,783,429
3,694,492
658,274
(98,700)
$ 29,396,127
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(1)
Significant Accounting Policies:
The following is a summary of the more significant accounting policies and practices of the University of
Florida Foundation, Inc. (the Foundation), which affect the accompanying financial statements.
(a) Organization––The Foundation is a not-for-profit entity established to solicit and manage
funds for the benefit of the University of Florida (the University). The Foundation is governed by a
self-perpetuating board of directors consisting of a majority of volunteer board appointed members,
some of whom are significant donors to the Foundation. The Board also includes ex-officio
University of Florida and Foundation officials. The Foundation functions as a direct support
organization of the University and is a component unit (for accounting purposes only) of the
University.
(b) Basis of accounting––The accompanying financial statements of the Foundation have been
prepared on the accrual basis and have been prepared to focus on the Foundation as a whole and to
present balances and transactions according to the existence or absence of donor-imposed
restrictions. In the normal course of business, the Foundation accepts financial assets from a donor
on behalf of a specified beneficiary to which it is financially interrelated and recognizes the fair
value of assets received as a contribution. This has been accomplished by classification of net assets
and transactions into three classes – permanently restricted, temporarily restricted or unrestricted as
follows:
Permanently restricted net assets – net assets subject to donor-imposed stipulations that they
be maintained permanently by the Foundation. Generally, the donors of these assets permit the
Foundation to use all or part of the income earned on related investments for general or
specific purposes in support of the University.
Temporarily restricted net assets – net assets subject to donor-imposed stipulations that may
or will be met by actions of the Foundation and/or the passage of time.
Unrestricted net assets – net assets which represent resources generated from operations or
assets not subject to donor-imposed stipulations.
Revenues are reported as increases in unrestricted net assets unless use of the related assets is limited
by donor-imposed restrictions. Amounts received that are designated for future periods or restricted
by the donor for specific purposes are reported as temporarily restricted or permanently restricted
support that increases these net asset classes. Expenses are reported as decreases in unrestricted net
assets. Gains and losses on investments and other assets or liabilities are reported as increases or
decreases in unrestricted net assets unless their use is restricted by explicit donor stipulations or by
law. Expirations of restrictions on net assets (i.e., the donor-stipulated purpose has been fulfilled
and/or the stipulated time period has elapsed) are reported as reclassifications between the applicable
classes of net assets.
Contributions, including unconditional promises to give, are recognized as revenues in the period
received. Conditional promises to give are not recognized until they become unconditional, that is,
when the conditions on which they depend are substantially met. Contributions of assets other than
cash are recorded at their estimated fair value on the date of contribution.
Income and realized and unrealized gains and losses on investments of permanently restricted net
assets are reported as increases or decreases in temporarily restricted net assets.
-7-
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(1)
Significant Accounting Policies: (Continued)
(c) Liquidity––Assets are presented in the accompanying statement of financial position
according to their nearness of conversion to cash and liabilities according to the nearness of their
maturity and resulting use of cash.
(d) Use of estimates––Management uses estimates and assumptions in preparing financial
statements in conformity with accounting principles generally accepted in the United States of
America. Those estimates and assumptions affect the reported amounts of assets and liabilities, and
reported revenues and expenses. Significant estimates used in preparing these financial statements
include those used in calculating the allowance for doubtful pledges receivable, those used in
calculating the annuity and trust liabilities under split interest agreements, those used in calculating
the pension benefit obligation, and those used in determining the fair value of certain investments.
Actual results could differ from these estimates, and the change may be material.
(e) Cash and cash equivalents––Cash and cash equivalents consist of cash on hand and cash in
operating accounts.
(f) Mortgages and notes receivable––Mortgages and notes receivable are stated at the amount
management expects to collect from outstanding balances. Management provides for probable
uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on
its assessment of the current status of individual accounts. Balances considered uncollectible after
management has used reasonable collection efforts are written off through a charge to the valuation
allowance and a credit to mortgages and notes receivable. Changes in the valuation allowance have
not been material to the financial statements.
(g) Property and equipment––Vehicles and equipment purchased with an original cost of $5,000
or more are recorded at cost. Donated vehicles and equipment having a fair value of $5,000 or more
are recorded at their estimated fair value on the date of donation. All real property (buildings and
land) is capitalized. Contributed property and equipment is recorded at fair value at the date of
donation. If donors stipulate how long the assets must be used, the contributions are recorded as
restricted support. In the absence of such stipulations, contributions of property and equipment are
recorded as unrestricted support. Property and equipment are depreciated using the straight-line
method of depreciation over the estimated useful lives of the assets. The estimated useful lives for
vehicles and equipment is 3 years and ranges from 5 years to 30 years for buildings and building
improvements. In the case of equipment donated to the Foundation on behalf of the University, the
Foundation transfers title to the specified University recipient.
(h) Permanent collection––The Foundation capitalizes its collections. Accessions are capitalized
at cost if purchased and at appraised or fair value at date of accession if received by donation. Gains
and losses on deaccessions of donated collections are recorded based on the presence or absence of
donor restrictions placed on items at the date of donation.
-8-
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(1)
Significant Accounting Policies: (Continued)
(i) Fundraisers’ salaries and expenses paid by various colleges of the University––A portion
of certain fundraisers’ salaries and expenses is paid either directly to the fundraisers by the colleges
which they represent or is reimbursed to the Foundation by the colleges. These amounts, which
totaled $6,921,542 and $6,680,658 for the years ended June 30, 2009 and 2008, respectively, are
included in unrestricted operating revenues as support from the University and in expenses as
fundraising costs. At June 30, 2009 and 2008, $437,815 and $527,992 of these amounts are included
in accrued interest and other receivables.
(j) Pledges receivable––Unconditional promises to give that are expected to be collected within
one year are recorded at net realizable value. Unconditional promises to give that are expected to be
collected in future years are recorded at the present value of their estimated future cash flows. The
discounts on those amounts are computed using risk-free interest rates applicable to the month in
which the promises are received. Amortization of the discounts is included in contribution revenue.
Pledges over six months past due are fully reserved. An additional 10% reserve is applied to all nonpast due pledges.
(k) Split interest agreements––The Foundation accepts gifts subject to split interest agreements.
These gifts may be in the form of annuities, life estates or charitable remainder trusts. At the time of
receipt, a gift is recorded based upon the fair value of assets donated less any applicable liabilities.
Liabilities include the present value of projected future distributions to the annuity or trust
beneficiary and are determined using the Internal Revenue Service rate for computing charitable
deductions for such gifts in effect at the time of the gift ranging from 2.4% to 8.2%. Funds subject
to split interest agreements are classified as temporarily restricted or permanently restricted based
upon donor designations.
Current Florida law requires charities to maintain certain minimum gift annuity reserves. As of
June 30, 2009, the Foundation held assets in excess of the minimum required by state law.
(l) Accrued compensated absences––The Foundation accrues accumulated unpaid vacation and
sick leave and associated employee-related costs when earned (or estimated to be earned) by the
employee. Eligible employees are entitled to annual vacation and sick leave with pay. Employees
are allowed to accumulate vacation leave up to a maximum of 480 hours, of which 352 hours will be
paid upon termination. Any unused accrued hours in excess of 480 hours at the end of a calendar
year will automatically be converted to sick leave hours. Sick leave balances accrue as long as the
employee is actively employed. However, payment upon termination is limited to the lesser of 480
hours or 1/4 of the employee's sick leave balance for those employees who have completed ten years
of continuous service. Accrued compensated absences totaled $1,504,450 and $1,581,889 at
June 30, 2009 and 2008, respectively, and are included in accrued expenses in the accompanying
statement of financial position.
(m) Income taxes––The Foundation is exempt from federal income taxes under Section 501(a) of
the Internal Revenue Code as an organization described in 501(c)(3). However, the Foundation is
subject to income tax on unrelated business income. The Foundation’s primary source of unrelated
business income is from certain investments in private equity partnerships. For the year ended
June 30, 2009, the Foundation had a current income tax benefit of approximately $99,000, which is
included as an increase to investment return in the accompanying statement of activities. For the
year ended June 30, 2008, the Foundation had a current income tax expense of approximately
$450,000, which is included as a decrease to investment return in the accompanying statement of
activities.
-9-
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(1)
Significant Accounting Policies: (Continued)
(n) Amounts invested on behalf of University of Florida related entities––Gator Boosters, Inc.
and the University of Florida Law Center Association, Inc. have entered into written agreements
with the Foundation for investment services. These funds are invested in pools along with the
Foundation’s investments. The liability included in the accompanying statements of financial
position represents the amounts due to these entities, including their share of investment returns.
(o) Deferred revenue––Amounts received in advance under agreements with terms in excess of
one year are recorded as deferred revenue and are amortized to the statement of activity using the
straight-line method over the life of the agreement.
(p) Summarized financial information for June 30, 2008––The financial information as of
June 30, 2008 is presented for comparative purposes and is not intended to be a complete financial
statement presentation. Certain amounts from the 2008 financial statements have been reclassified to
match the 2009 presentation. These reclassifications had no effect on net assets.
(q) Recent accounting pronouncements––In March 2008, the FASB issued Statement of
Financial Accounting Standards No. 161 (SFAS 161), Disclosures about Derivative Instruments and
Hedging Activities, an amendment of SFAS No. 133. This statement requires enhanced disclosures
about an entity's derivative and hedging activities and thereby improves the transparency of
financial reporting. This Statement is effective for financial statements issued for fiscal years
beginning after November 15, 2008. The Foundation is currently determining the impact of this
standard on its financial statements.
(r) Subsequent Events––The Foundation has evaluated events and transactions for potential
recognition or disclosure in the financial statements through August 20, 2009. No subsequent events
have been recognized or disclosed other than those noted in Note 8
(2)
Cash and Cash Equivalents:
The Foundation maintains demand deposit accounts with a regional bank with bank balances totaling
$271,838 and $8,420,696 at June 30, 2009 and 2008, respectively. These demand deposits are federally
insured up to FDIC limits.
(3)
State Match Receivable:
In accordance with Florida Statute Chapter 1011.94, Trust Fund for Major Gifts, endowment
contributions of $100,000 or more, made after July 1, 1985, with income to be used to "support libraries
and instruction and research programs," are eligible for state match. The State of Florida did not
appropriate funds for this matching program during the past two fiscal years, therefore, no state match
receivable has been recorded in the accompanying financial statements. As of June 30, 2009, the
Foundation has approved state matching requests that have not yet been received or recognized in the
financial statements totaling $52,430,251.
- 10 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(4)
Pledges Receivable:
Pledges receivable and the related allowance for doubtful amounts at June 30, 2009 and 2008, are
summarized as follows:
2009
Current pledges receivable:
Due in less than one year
Less: allowance for doubtful amounts
Current pledges receivable, net
2008
$ 31,297,784 $ 29,918,839
(6,610,537)
(5,082,280)
24,687,247
24,836,559
Noncurrent pledges receivable:
Due in one to five years
Due after five years
Less: allowance for doubtful amounts
Noncurrent pledges receivable, net
Total pledges receivable, net
47,279,059
9,887,444
57,166,503
(7,179,816)
49,986,687
$ 74,673,934 $
63,085,657
4,437,258
67,522,915
(8,470,648)
59,052,267
83,888,826
Noncurrent pledges receivable are net of discounts amounting to $11,158,002 and $12,361,459 at
June 30, 2009 and 2008, respectively. Pledges receivable were discounted using a risk free interest rate at
the time the pledge was initially recognized. Discount rates used range from 2.0% to 8.2%.
(5)
Mortgages and Notes Receivable:
Mortgages and notes receivable and the related allowance for doubtful amounts at June 30, 2009 and
2008, are summarized as follows:
2009
Mortgages and notes receivable
Less: allowance for doubtful amounts
Mortgages and notes receivables, net
(6)
$
$
566,631 $
(119,274)
447,357 $
2008
830,930
830,930
Investment Management Agreement:
In June 2004, the University of Florida Board of Trustees created a new direct support organization to
manage University investments. This corporation is called the University of Florida Investment
Corporation (UFICO). UFICO is managed by an independent volunteer board of directors. The
Foundation has a management agreement with UFICO to manage a significant portion of its investments.
- 11 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(6)
Investment Management Agreement: (Continued)
Management fees are payable at the beginning of each quarter and are computed based on UFICO
budgeted management fees and the market value of the assets as reported by the custodians at the
previous quarter-end. The asset valuations used in the fee calculations include all funds and assets under
management, including cash and accrued income. Annualized fees charged were 0.18% and 0.15% for the
years ended June 30, 2009 and 2008, respectively. Management fees expensed during the years ended
June 30, 2009 and 2008, under this agreement totaled $2,063,043 and $2,078,672, respectively.
UFICO staff were employees of the Foundation during the fiscal year ended June 30, 2008. UFICO
reimbursed the Foundation for the cost of the salaries, benefits, and payroll taxes for employees who work
for UFICO. During the years ended June 30, 2009 and 2008, UFICO incurred $164,413 and $1,210,591,
respectively, in salaries, benefits and payroll taxes that were reimbursed to the Foundation. On August 1,
2008 UFICO began to pay its own payroll and benefits and its staff were no longer employees of the
Foundation.
The Foundation provided computing, legal, human resource, and office service support to UFICO for an
annual fee of $68,842 and $77,300 for the years ended June 30, 2009 and 2008, respectively.
Included in accrued interest and other receivables in the accompanying statement of financial position at
June 30, 2009 and 2008, is $111,525 and $371,972 due from UFICO, respectively. Included in accrued
expenses in the accompanying statement of financial position at June 30, 2008 are accrued management
fees due to UFICO in the amount of $521,640. Included in liabilities are $913,274 and $600,673 of
management fees that are associated with the UFICO deferred compensation plan for the years ended
June 30, 2009 and 2008, respectively.
(7)
Investments:
The Foundation's investments in government issued domestic and foreign bonds, corporate bonds and
stocks, short-term investments, fixed investment mutual funds, and equity mutual funds are carried at fair
value based on publicly available trading values.
Investments in hedge funds are recorded at fair value based on values provided to the Foundation by the
respective fund's manager. Such values are evaluated by UFICO prior to reflecting changes in the value
reported by the fund manager.
Due to the lack of readily determinable fair values, investments in private equities and real estate are
carried at the lower of cost or market in the aggregate. At June 30, 2009 and 2008, the fair value of
investments in private equities and real estate in the aggregate equaled their carrying values.
- 12 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(7)
Investments: (Continued)
Investments at June 30, 2009 and 2008, are summarized as follows:
2008
2009
Government issues – domestic
Government issues – foreign
Corporate bonds
Corporate stocks
Short-term investments
Commingled funds – equities
Commingled funds – fixed income
Hedge strategies
Private equity investments
$
Real estate held for resale
53,041,034
50,000
46,891,188
62,723,667
166,812,040
154,386,892
62,812,647
297,838,770
382,286,839
1,226,843,077
6,364,324
$1,233,207,401
$
55,897,597
80,000
33,963,388
81,145,681
92,530,885
240,300,668
56,513,215
535,430,421
343,887,779
1,439,749,634
5,425,324
$1,445,174,958
As of June 30, 2009, the Foundation's total capital commitment under its private equity investment
agreements was $924,445,000. To date, the total amount requested for investment by the private equity
fund managers is approximately $616,439,000. Additionally, these fund managers have the ability to
request additional investments in these funds of approximately $308,006,000.
Investments are generally pooled and managed under various asset diversification strategies, depending
upon the specific pool’s objectives, and to avoid significant concentrations of market risk. Endowment
earnings are temporarily restricted to support the University. Under the Foundation’s endowment
spending policy, certain amounts (based on a percentage of the investment value of the endowment) are
appropriated to support current operations.
Investments in the endowment pool and the split interest pools are intended to be held for an extended
period of time and are not subject to near term withdrawal. Investments in the non-endowed pools are
subject to immediate withdrawal. Individual securities in either pool may be sold at any time, but the
endowment and split interest pools are expected to remain at the current level or increase during the
coming years. While investments in the non-endowed pools may be withdrawn immediately, it is not
expected that there will be significant reductions in the investment balance during the coming year.
The following schedule summarizes the investment return in the statement of activities for the years
ended June 30, 2009 and 2008:
2009
Investment income
Net realized and unrealized gains (losses)
Total return (loss) on investments
2008
$
9,087,639 $ 22,144,583
(216,961,029)
2,417,441
$ (207,873,390) $ 24,562,024
Total return (loss) on investments was net of expenses of $20,272,786 and $21,079,019 for the years
ended June 30, 2009 and 2008, respectively.
- 13 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(7)
Investments: (Continued)
Assets held under various split interest agreements at June 30, 2009 and 2008, are included in the
accompanying financial statements under the following captions:
2009
Investments
Real estate held for resale
Total assets held under split interest agreements
$
$
2008
30,754,622
224,611
30,979,233
$ 40,762,222
224,611
$ 40,986,833
During the years ended June 30, 2009 and 2008 the Foundation had a securities lending agreement with
an independent third party on certain securities for the purpose of increasing investment income. When
the Foundation lent securities, the risk of failure by the borrower to return the loaned securities was
alleviated by such loans being collateralized by securities of the borrower. The collateral securities were
in an amount equal to 103% and 106% of the market value of the U.S. and non-U.S. loaned securities,
respectively, and are held by a third party safekeeping agent. During the year ended June 30, 2009, the
Foundation suffered a collateral deficiency related to its securities lending program. As a result of the
deficiency, the Foundation paid $546,633 and elected to withdraw from the program on June 5, 2009. The
following provides a summary of securities lent and the related collateral as of June 30, 2009 and 2008:
2008
2009
Market value of securities on loan against cash collateral
Market value of securities on loan against noncash collateral
Total market value of securities on loan
$
$
-
$ 53,535,447
1,997,525
$ 55,532,972
The Foundation uses various types of swaps including total return swaps, inflation swaps, interest rate
swaps, and equity variance swaps to obtain market exposure to various types of indexes with no tracking
error at low cost of financing or to hedge exposure to market events. The following provides exposure to
swaps as of June 30, 2009 and 2008:
Notional Amount
2009
2008
Swaps
$ 235,934,898
$ 568,938,248
The Foundation's investments include various types of investment securities and investment vehicles.
Investment securities are exposed to several risks, such as interest rate, market and credit risks. Due to the
level of risk associated with certain investment securities, it is at least reasonably possible that changes in
the values of investment securities will occur in the near term and that such changes could materially
affect the amounts reported in the Foundation's statement of financial position.
(8)
Investment Custody Agreement:
The Foundation has an agreement with The Northern Trust Company (Northern) to provide custody and
other services related to the Foundation’s investments. This agreement allows several University of
Florida related corporations to commingle investment assets with assets of the Foundation for investment
- 14 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(8)
Investment Custody Agreement: (Continued)
purposes. Each University related corporation may commingle its assets with the Foundation upon
execution of an adoption agreement. All assets held with Northern under this agreement are managed by
UFICO.
On July 1, 2009, the Foundation restructured its investment ownership. As a result of the restructuring,
the Foundation transferred substantially all of its investments to three newly formed investment limited
partnerships in exchange for limited partnership units. The underlying investments in the Foundation’s
investment portfolio (through the newly formed limited partnerships) have not changed as a result of this
restructuring. The limited partnerships have entered into an agreement with BNY Mellon to provide
custody and other services related to the investments. UFICO serves as the general partner and the
investment manager for each of the limited partnerships.
(9)
Fair Value Measurements:
The Financial Accounting Standards Board Statement established a framework for measuring fair value
under accounting principles generally accepted in the United States of America. That framework provides
a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The
hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or
liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements).
The three levels of the fair value hierarchy are described below:
Level 1 - Quoted prices in active markets for identical assets the Foundation has the ability to access
at the measurement date. These types of quoted prices would include publicly traded securities.
Level 2 - Pricing inputs (other than quoted prices included in Level 1) that are observable for the
asset, either directly or indirectly. Observable inputs are those that reflect the assumptions market
participants would use in pricing the asset developed based on market data obtained from sources
independent of the Foundation. These types of sources would include quoted prices for similar
assets, models or other valuation methodologies.
Level 3 - Pricing inputs that are unobservable for the asset. Unobservable inputs are those that
reflect the Foundation's and UFICO's own assumptions about the assumptions that market
participants would use in pricing the asset developed based on the best information available. These
types of sources would include investment manager pricing for private equities, hedge funds and
certain limited partnerships. The fair value of amounts due from externally managed trusts is
determined by calculating the present value of the future distributions expected to be received, using
published life expectancy tables and a 2.8% discount rate.
- 15 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(9)
Fair Value Measurements: (Continued)
The following table sets forth, by level, within the fair value hierarchy, amounts recorded in the
Foundation's financial statements at fair value as of June 30, 2009:
Level 1
Level 2
Level 3
Total
Investments
Government issues - domestic
Government issues - foreign
Corporate bonds
Corporate stocks
Short-term investments
Commingled funds - equities
Commingled funds - fixed
income
Hedge strategies
Private equity
Total investments
25,664,908
62,723,667
166,812,040
77,836,733
$ 53,041,034
50,000
21,226,280
10,239,263
$
28,574,071
$ 361,611,419
1,499,401
$ 86,055,978
34,238,576
296,339,369
382,286,839
$779,175,680
62,812,647
297,838,770
382,286,839
$ 1,226,843,077
Present value of amounts due
from externally managed trusts
$
$
$
$
$
-
-
66,310,896
2,315,995
$
53,041,034
50,000
46,891,188
62,723,667
166,812,040
154,386,892
2,315,995
The table below sets forth a summary of changes in the fair value of the Foundation's level 3 assets for the
fiscal year ended June 30, 2009:
Balance, July 1, 2008
Purchases, issuances,
and settlements (net)
Investment income
Net realized and
unrealized gains
(losses)
Balance, June 30, 2009
Commingled
funds equities
Commingled
funds - fixed
income
Hedge
strategies
Private
equity
Externally
managed
trusts
$ 84,469,361
$ 31,266,555
$ 471,238,485
$ 375,606,522
$ 3,107,077
1,767,882
(175,540)
1,678,574
(19,750,807)
1,293,447
$ 66,310,896 $ 34,238,576
(93,598,898)
(26,525)
68,618,787
6,627,742
(115,429)
-
(81,273,693)
(68,566,212)
(673,653)
$ 296,339,369 $ 382,286,839 $ 2,315,995
The amount of total losses for the year ended June 30, 2009 attributable to the change in unrealized gains
and losses relating to assets still held at June 30, 2009, was $143,325,951. These amounts are included in
investment return in the accompanying statement of activities.
(10) Endowment:
The University of Florida Foundation Inc.’s endowment consists of over 2,400 individual donor-restricted
endowment funds established for a variety of purposes. As required by accounting principles generally
accepted in the United States of America, net assets associated with endowment funds are classified and
reported as permanently restricted or temporarily restricted based on the existence or absence of donorimposed restrictions.
- 16 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(10) Endowment: (Continued)
Interpretation of Relevant Law
The Board of Directors of the University of Florida Foundation, Inc. (the Board) has interpreted the State
of Florida Statute (1010.10) cited as the “Florida Uniform Management of Institutional Funds Act”
(FUMIFA) as requiring the Board to use reasonable care, skill, and caution as exercised by a prudent
investor, in considering the investment management and expenditures of endowment funds. In accordance
with FUMIFA, the Board may expend so much of an endowment fund as the Board determines to be
prudent for the uses and purposes for which the endowment fund is established, consistent with the goal
of conserving the long term purchasing power of the endowment fund. The Board considered the
following factors in making its determination:
1)
2)
3)
4)
5)
6)
7)
8)
The purpose of the Foundation
The intent of the donor of the endowment fund
The terms of the applicable instrument
The long-term and short-term needs of the Foundation and the University in carrying
out its purposes
General economic conditions
The possible effect of inflation or deflation
The other resources of the Foundation and the University
Perpetuation of the endowment
As a result of this interpretation, the Board classifies as permanently restricted net assets (a) the original
value of gifts donated to a permanent endowment, (b) the original value of subsequent gifts to the
permanent endowment, and (c) the original value of other corpus additions including state match provided
to the permanent endowment. The remaining portion of the donor-restricted endowment fund that is not
classified as permanently restricted net assets is classified as temporarily restricted net assets until those
amounts are appropriated for expenditure in a manner consistent with the standard of prudence prescribed
by FUMIFA. However, by Board policy, any appreciation is considered an asset of each individual
endowment fund and is not appropriated for general Foundation or University use.
Spending Policy
The Foundation’s spending policy is designed to provide for positive growth in the market value of its
endowment, net of distributions, over an extended period of time. In establishing this policy, the Board
considered the long-term expected return of the endowment investment pool and the goal of maintaining
the purchasing power of the endowment assets. Over the long term, the current spending policy is
designed to return a net positive gain in market value (growth) after spendable transfers.
The annual rate for spendable transfers, distributed quarterly, is 4% of each endowment’s principal fund’s
spending base. The principal fund’s spending base is a percentage of the market value, and is adjusted
quarterly, if necessary, to fall within a range of 85% to 95% of the market value of the endowment
investments. In addition, the principal fund is assessed an annual 1% administrative fee, charged
quarterly. This fee is a portion of the funding mechanism for the development and alumni programs of the
University.
- 17 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(10) Endowment: (Continued)
Investment Policy
The Foundation’s investment objectives are to provide a nominal annual return of 8% in order to
preserve, or increase, the purchasing power of endowment capital, while generating an income stream to
support activities of the funds held for the colleges and units of the University. This policy is designed to
tolerate volatility in short and intermediate-term performance. The endowment assets are invested by
UFICO, per the terms of a management agreement dated January 1, 2009, in a manner that is intended to
produce results that exceed both the UFICO Board Policy benchmark (a blended benchmark that reflects
the actual asset allocation of the investment pool) and the 70% Russell 3000 / 30% Barclays Aggregate
Bond Index benchmark.
To satisfy its long-term rate of return objectives, the Foundation relies on a total return strategy in which
investment returns are achieved through both capital appreciation (realized and unrealized) and current
yield (interest and dividends). The Foundation, through UFICO, targets a diversified asset allocation that
places an emphasis on hedge strategies and private investments to achieve long-term objectives within
prudent risk constraints.
Temporarily
Restricted
Permanently
Restricted
Total
$ (58,561,194) $ 123,206,659
$ 991,341,791
$ 1,055,987,256
$
(485,957) $ 339,207,204
$ 951,991,441
$ 1,290,712,688
$
(485,957) $ 339,207,204
$ 951,991,441
$ 1,290,712,688
Unrestricted
Endowment Net Asset Composition by
Type of Fund
Donor-restricted endowment funds
June 30, 2009
June 30, 2008
Changes in Endowment Net Assets
Endowment net assets, beginning of year
Investment return:
Investment income
Net appreciation (realized and unrealized)
Total investment return
Contributions and other revenues
Appropriation of endowment assets for
expenditure
Pledge contributions (present value net of
discounts, provisions and write-offs)
Endowment net assets, end of year
(58,075,237)
(58,075,237)
-
6,267,731
(170,068,574)
(163,800,843)
(52,199,702)
-
$ (58,561,194) $ 123,206,659
- 18 -
(158,008)
(158,008)
34,220,642
-
6,267,731
(228,301,819)
(222,034,088)
34,220,642
(52,199,702)
5,287,716
5,287,716
$ 991,341,791
$ 1,055,987,256
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(10) Endowment: (Continued)
Funds with Deficiencies
As a result of market declines for certain recently established endowments, the fair value of certain donorrestricted endowments was less than the historical cost value (original gift/book value) of such funds
(“underwater”) by $58,561,194 and $485,957 at June 30, 2009 and 2008, respectively. These losses have
been recorded as reductions in unrestricted net assets in accordance with accounting principles generally
accepted in the United States of America. Future gains will be used to restore this deficiency in
unrestricted net assets before any net appreciation above the historical cost value of such funds increases
temporarily restricted net assets.
(11) Property and Equipment:
Property and equipment and the related accumulated depreciation at June 30, 2009 and 2008, are
summarized as follows:
2009
Land
Buildings
Vehicles
Equipment
Accumulated depreciation:
Buildings
Vehicles
Equipment
Property and equipment, net
$
5,863,045
5,677,376
378,692
1,186,169
2008
$
5,865,045
5,677,376
350,027
1,067,241
(3,356,938)
(3,154,326)
(224,922)
(272,893)
(821,938)
(668,333)
$ 8,701,484 $ 8,864,137
(12) Land Preserve and Permanent Collections:
Contributions to the land preserve and permanent collections are generally recorded at their appraised
value at the date of gift and are considered by management to be non-revenue producing assets. These
assets are not expected to provide revenue to the Foundation in the near future due to donor restriction.
They include such items as art, manuscripts, and parcels of land. During 2009 and 2008, the value of
contributed non-revenue producing assets totaled $11,941,015 and $732,271, respectively, which was
included in contributions in the statement of activities. In addition, the Foundation purchased $308,605
and $616,676 of such assets in 2009 and 2008, respectively.
- 19 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(13) Notes Payable:
Notes payable at June 30, 2009 and 2008, consist of the following:
2009
Note payable, due to Shands Teaching Hospital and Clinics, Inc.
in annual installments of $100,000 through 2024. Non-interest
bearing (interest imputed at a rate of 3.25%), collateralized by
an asset with a carrying value of $1,500,000. See Note 19.
Note payable to a bank, principal due in December 2008 with
interest payable quarterly at a variable rate based on 90 day
LIBOR plus 1%. This note is collateralized by pledges
receivable. This note was paid in full in December 2008.
$
2008
1,500,000
-
$
1,600,000
495,235
Note payable to a bank, principal payments of $28,000 due
quarterly through January 2013 with interest payable quarterly
at a variable rate based on 90 day LIBOR plus .85%. This note
is collateralized by the income stream from several externally
managed trusts for which the Foundation is not the trustee.
224,860
338,465
Note payable to a bank, principal payments of $1,000,000,
$1,000,000, and $500,000 due annually through 2012 with
interest payable quarterly at a variable rate based on 30 day
LIBOR plus .85%. This note is collateralized by a pledge
receivable.
2,500,000
3,401,000
Note payable to a bank, principal payments of $50,000, $50,000,
and $100,000 due annually through 2012 with interest payable
quarterly at a variable rate based on 30 day LIBOR plus .85%.
This note is collateralized by a pledge receivable.
200,000
250,000
Note payable to a bank, principal payments of $609,373,
$439,000, $439,000 and $202,577 due annually through 2013
with interest payable quarterly at a variable rate based on the
30 day LIBOR plus 0.85%. This note is collateralized by
pledges receivable.
1,689,950
2,160,000
Note payable to a bank, principal due December 2009 with
interest payable quarterly at a variable rate based on the greater
of 3% or 30 day LIBOR plus 1%. This note is collateralized by
pledges receivable.
310,000
-
Note payable to a bank, principal due December 2009 with
interest payable quarterly at a variable rate based on 30 day
LIBOR plus 1%. This note is collateralized by property.
200,000
-
- 20 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(13) Notes Payable: (Continued)
2009
Note payable to a bank, with principal and interest due quarterly
after the end of the drawdown period (January 2010). The
interest is at a variable rate based on the greater of 3% or
overnight LIBOR plus 0.55%. The loan is unsecured. This
note matures annually with automatic one year renewals for
three 10-year renewal periods with a maximum maturity date
of December 2038, provided that the Foundation meets the
financial covenants set forth in the note. Maximum loan
amount is $15,450,000. Proceeds to be used for construction
of an off-campus administration building.
2008
$
431,625
$
$
7,056,435
$
8,244,700
Aggregate future maturities of notes payable at June 30, 2009, are summarized as follows:
Year Ending
June 30,
Amount
2010
2011
2012
2013
2014
Thereafter
$
$
2,812,999
1,701,000
1,139,859
302,577
100,000
1,000,000
7,056,435
Interest expense charged to operations totaled $207,017 and $463,933 for the years ended June 30, 2009
and 2008, respectively.
During 2009, the Foundation entered into a $20,000,000 one year note payable to a bank, with interest
payable quarterly at a variable rate based on overnight LIBOR plus 1.25%. This note is unsecured. No
amounts have been drawn as of June 30, 2009. Proceeds from this note are to be used to construct two oncampus buildings.
Certain notes payable contain various covenants, which require the Foundation to maintain certain
financial ratios. As of June 30, 2009, the Foundation was in compliance with all of these covenants. One
of these covenants requires the Foundation to maintain a three year average cumulative unrestricted net
assets balance of $25,000,000, excluding adjustments for underwater endowments (see Note 10).
- 21 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(14) Net Assets:
Temporarily restricted and permanently restricted net assets by purpose at June 30, 2009 and 2008, are as
follows:
Net Assets
Permanently
Temporarily
Restricted
Restricted
June 30, 2009
General college support
Student financial aid
Faculty and staff support
Research
Facilities
Other
Total
$
$
66,825,736
62,315,473
97,711,497
22,704,991
79,258,619
41,409,183
370,225,499
$
196,321,070
232,821,940
351,775,325
108,850,724
10,473,360
101,016,533
$ 1,001,258,952
Net Assets
Permanently
Temporarily
Restricted
Restricted
June 30, 2008
General college support
Student financial aid
Faculty and staff support
Research
Facilities
Other
Total
$
$
93,730,447
113,682,587
166,938,041
56,347,411
51,863,588
86,792,586
569,354,660
$
$
199,005,845
225,479,079
343,458,990
91,833,012
4,669,786
102,308,049
966,754,761
(15) Retirement Plan:
The Foundation has a noncontributory, defined benefit pension plan (the Plan) that covers all of its
employees. The Foundation also has personnel that are State employees who participate in the
University's retirement plan. Contributions for eligible employees covered by the Plan are made annually
in compliance with legal funding requirements.
- 22 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(15) Retirement Plan: (Continued)
The following table presents a reconciliation of the beginning and ending balances of the benefit
obligation, fair value of plan assets, and the funded status of the pension plan to the net amounts measured
and recognized in the statement of financial position at June 30, 2009 and 2008:
2008
2009
Accumulated benefit obligation
$ 11,726,490
Change in projected benefit obligation
Projected benefit obligation, beginning of year
Service cost
Interest cost
Actuarial (gain) or loss
Benefits paid
Projected benefit obligation, end of year
$ 11,553,404 $ 10,824,812
631,445
741,564
828,605
715,115
2,201,251
(567,623)
(227,462)
(160,464)
14,987,243
11,553,404
Change in plan assets
Fair value of plan assets, beginning of year
Actual return on plan assets
Employer contributions
Benefits paid
Fair value of plan assets, end of year
Other asset (accrued expense) recognized in statement
of financial position
$
11,945,336
(2,264,657)
471,752
(227,462)
9,924,969
$ (5,062,274) $
9,204,033
12,269,037
(924,233)
760,996
(160,464)
11,945,336
391,932
The following table presents the components of net periodic pension cost for the plan years ended
June 30, 2009 and 2008:
2009
2008
Service cost
Interest cost
Expected return on plan assets
Amortization of prior service cost
Amortization of net (gain) loss
Net periodic pension cost
$
$
631,445 $
828,605
(964,565)
5,410
75,579
576,474 $
741,564
715,115
(999,505)
5,412
462,586
The weighted-average discount rate used to measure the projected benefit obligation is 6.24% and 7.12%
for 2009 and 2008, respectively, and the rate of increase in future compensation levels is 6.00% for both
years. The discount rate is the estimated rate at which the obligation for pension benefits could be
effectively settled. The average wage increase assumption reflects the Foundation's best estimate of the
future compensation levels of the individual employees covered by the Plan.
The expected long-term rates of return on plan assets as of June 30, 2009 were as follows:
Equity securities
Debt securities
Cash
9.00%
6.00%
4.50%
- 23 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(15) Retirement Plan: (Continued)
The expected long-term rate of return on plan assets reflects the average rate of earnings that the
Foundation estimates will be generated on the assets of the Plan.
The Plan's weighted-average asset allocations at June 30, 2009 and 2008, by asset category are as follows:
2008
2009
Equity securities
Debt securities
Cash
67%
33%
0%
100%
68%
31%
1%
100%
The target is to maintain the following allocations:
Equity securities
Debt securities
Cash
70%
29%
1%
The objective of the Plan is to maximize the investment return at appropriate levels of risk, while
preserving the value and ensuring the availability of funds to meet its obligations.
The Plan has a long-term investment horizon. Therefore, it can tolerate variability in short and
intermediate-term investment performance, provided that returns meet the actuarial rate of return
objective. Investments of the Plan shall be diversified as to minimize the risk of large losses.
As of June 30, 2009, the amount of benefits expected to be paid, based on the same assumptions used to
measure the benefit obligation are as follows:
Year Ending
June 30,
Amount
2010
2011
2012
2014
2015
Year 2015 – 2019
$
345,053
380,870
457,588
506,107
570,685
4,333,202
As of June 30, 2009, the Foundation expects to contribute approximately $855,000 to the Plan in 2010,
which is expected to satisfy the minimum funding requirements. The minimum funding requirements may
be in part, or in full, be satisfied with the funding standard carryover balance (credit balance) as
calculated by the actuary. No plan assets are expected to be returned to the Foundation during 2010. The
date used to determine pension benefit measurements was June 30, 2009.
- 24 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(16) University of Florida Alumni Association, Inc.:
The financial statements of the Foundation include the accounts related to the University of Florida
Alumni Association, Inc. (the Alumni Association). The Foundation funds any operating deficiency of the
Alumni Association and the operating accounts relating to the Alumni Association have no assets or
liabilities at the end of each fiscal year. The following schedule presents the operating activities of the
Alumni Association accounts administered by the Foundation:
2008
2009
Revenues and other additions:
Support from the Foundation
Alumni program support
Other
Total support and revenue
$
Expenses:
Alumni affairs
Total expenses
Change in net assets from current operations
$
3,416,250
2,084,806
194,177
5,695,233
5,695,233
5,695,233
-
$
$
3,383,086
2,107,044
225,926
5,716,056
5,716,056
5,716,056
-
(17) Fee Assessment:
The University of Florida has chosen to fund its development and alumni programs primarily through a
series of fees. The fees are part of the Foundation’s operating budget. The Foundation Board’s Finance
Committee is responsible for reviewing and recommending a fee assessment policy. Changes to the
policy are approved by the Foundation’s Board. The current fee schedule is as follows:
Fee Type
One-time Gift and Non-gift fees:
Fee Rate
Frequency
Basis
Gifts
Cash
Noncash
2.5000%
2.5000%
Per transaction
Per transaction
Gross amount of gift received
Net proceeds from liquidation of asset
Facilities matching gifts
Cash
Noncash
1.0000%
1.0000%
Per transaction
Per transaction
Gross amount of gift received
Net proceeds from liquidation of asset
Non-gift
2.5000%
Per transaction
Gross amount of receipt
Tigert and Horizon Funds––No gift fee will be assessed at the time of the original contribution to the fund. The
gift fee will be assessed when the purpose is determined and the gift is transferred from the fund.
Endowment––For endowment gifts, the gift fee is set up as a payable in the spendable fund. One-half of each
quarterly spendable transfer is used to reduce the gift fee payable until the gift fee is repaid in full.
- 25 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(17) Fee Assessment: (Continued)
Fee Type
Recurring Administrative fees:
Fee Rate
Frequency
Basis
Endowment principal fund
Security investments
0.2500%
Quarterly
Spending base for pooled investments;
market value for non-pooled assets
Real estate held for resale, notes
receivable and other incomeproducing assets
0.2500%
Quarterly
Market value
0.7500%
Quarterly
Market value
Nonendowed funds (including
endowment spendable funds)
Security investments
Non-endowed monies equal to or less than $50,000 are invested in Pool A. No quarterly administrative fee is
charged on these monies. To the extent non-endowed funds exceed $50,000, the excess amounts will be invested
in Pool B. These funds will be assessed a quarterly management fee as noted above.
Real estate held for resale, notes
receivable and other incomeproducing assets
0.2500%
Quarterly
Market value
Tigert Fund – a quarterly investment fee of .25% will be charged against the market value of the fund
Horizon Fund – no administrative fee will be charged against the fund
Annuities and irrevocable trusts
Security investments
0.1250%
Quarterly
Market value as of the previous January 1
Real estate held for resale, notes
receivable and other incomeproducing assets
0.1250%
Quarterly
Market value
0.1875%
Quarterly
Market value as of the previous January 1
0.1875%
Quarterly
Market value
Revocable trusts
Security Investments
Real estate held for resale
During the years ended June 30, 2009 and 2008, the Foundation assessed the following fees:
Fees assessed on pooled investments
Gift fees associated with major gifts and eminent
scholar program funds
Gift fees associated with all other funds
Real estate fees
Total fees
- 26 -
2009
2008
$ 12,831,784
$ 14,039,351
474,960
1,260,936
30,761
$ 14,598,441
1,425,680
1,817,830
38,325
$ 17,321,186
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2009
(17) Fee Assessment: (Continued)
Effective July 1, 2009 the following fees are changing: one-time gift and non-gift fees on non-endowed
funds are increasing to 5% from 2.5%. Endowment administrative fees are increasing to 0.325% per
quarter from 0.25%. Non-endowed administrative fees are decreasing to 0.50% per quarter from 0.75%.
(18) Financial Instruments:
The carrying amount reported in the statement of financial position for cash and cash equivalents,
certificates of deposit, accrued interest and other receivables, mortgages and notes receivable, accounts
payable, accrued expenses, and other liabilities approximate fair value because of the immediate or shortterm maturities of these financial instruments. The carrying amount of pledges receivable, annuity
liability, and trust liability approximate fair value as they are presented on a discounted basis. The
carrying amount of the Foundation’s notes payable approximate their fair value based on the fact that the
rates of such notes are similar to rates available for debt of the same terms.
See Note 9 for a description of the fair values and carrying amounts for investments and amounts due
from externally managed trusts.
(19) Related Party Lease:
The Foundation assumed a parking garage facility and the related $3,000,000 note payable, current yearend balance of $1,500,000, from Shands Teaching Hospital, Inc. during 1994. Simultaneously, the
Foundation executed a non-cancelable operating lease with the University as the tenant. The lease
agreement requires the University to make annual lease payments of $100,000 to the Foundation through
June 30, 2024. See Note 13 for related debt.
The Foundation has several long-term lease agreements relating to office facilities with the University of
Florida expiring in 2044 to 2046. Lease payments for these facilities range from $1 per year to $10 per
year, well below the current market rates for comparable space. The Foundation recognized an expense
and in-kind revenue associated with these lease agreements of $1,804,980 and $1,734,580 for the years
ended June 30, 2009 and 2008, respectively.
- 27 -
SUPPLEMENTAL SCHEDULES
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F000031
F000305
F000447
F000449
F000689
F000707
F000733
F000891
F000979
F001157
F001239
F001375
F001437
F001605
F001763
F001767
F001841
F001933
F002005
F002101
F002111
F002133
F002139
F002171
F002241
F002305
F002331
F002371
F002383
F002391
F002409
F002429
F002431
F002433
F002451
F002515
F002539
F002575
F002589
F002653
F002655
F002679
F002693
F002713
F002751
F002815
F002873
F002883
F002895
F002897
F002911
F002923
F002967
F002979
F002981
F002993
F003013
F003017
Description
Gator Club® of Volusia County Scholarship Fund
Gahan Scholarship/Fellowship Fund
Gator Club® of Central Florida Scholarship Fund
Leavitt/Lee-McCachren/Boyd Scholarship
Grebe-Wahlberg Memorial Fund
Rose, Johnson, Wohlgemuth, Schlueter and McFerrin Scholarship
Claudia Ross Memorial Scholarship Fund
Walter J. Matherly Professorship Fund
Newton C. Ebaugh Professorship in Mechanical Engineering
William R. Kenan, Jr. Professorship Fund
William W. and Marie C. Wolff Scholarship Fund
Stephen C. O'Connell/Capital Gator Club® Scholarship
Charles B. Viall, III Scholarship Fund
Edward R. Woodward Professorship
Ernst & Young Professorship of Accounting
Charles M. Shinn, Jr. Endowment for Citrus Research
O. Ruth McQuown Scholarship Fund
Addison Franklin Marshall Scholarship in Civil Engineering
Salsbury Endowment Fund for Veterinary Medicine Scholarships
Gertrude Brick Memorial Fund
Milk Bottle Promotion Fund
Jessie Ball duPont Fund Craniofacial Center Endowment
Dolly and Robert L. Secrist, Sr. Scholarship Fund
Florida Rural Rehabilitation Corporation, Inc., Scholarship Fund in Agriculture
James G. Richardson Lectureship
Frederick E. Fisher Accounting Fund
F. N. Rhines and W. R. Tarr Scholarship
KPMG Professorship in Accounting Fund
R. F. Lanzillotti Graduate Fellowship in Public Policy Research
Hurst Business Law Endowment
Meredith Lewis Glover Memorial Scholarship
Center for Greek Studies Endowment
R. David Thomas Endowed Legislative Professorship
John W. Martin and Annie Mae Martin Phillips Scholarship
John W. Stovall Memorial Scholarship
Billie K. and Betty C. Stevens Scholarship Fund
Harbert S. Gregory Distinguished Lectureship
Doris Lowe and Earl and Verna Lowe Scholarship
Caroline Julier and James G. Richardson Art Acquisition Fund
Clarence TeSelle Endowed Professorship
University Women's Club Scholarship
Vladimir Grodsky Memorial Scholarship
Ralph G. Blodgett Scholarship
Melton Endowed Legislative Professorship Fund
Daniel Leroy Claville, Jr. Scholarship
Helene Fuld Gift Fund
Frances P. Weaver Scholarship Fund
Manning J. Dauer Fellowships
John B. Boy/United States Sugar Corporation Scholarship in Mechanical Engineering
John B. Boy/US Sugar in Agricultural Engineering Fund
(Terrye Coggin Proctor Merit Memorial Scholarship)
McGinty Endowment
H. S. and D. L. Daniels Professorship in Prevention of Blindness
Bayard and Arthur Fawcett Scholarship Fund for Nursing Excellence
Emily and Alexander Coudray Memorial Fund
Susan Brown Memorial/Florida Beefmasters Breeders Scholarship Fund
Nursing Student Development
Darrey A. Davis Memorial Scholarship Fund
Balance at
June 30, 2008
$
144,224
1,340,965
265,911
344,152
586,359
731,137
575,308
356,028
3,242,502
2,243,592
1,090,360
456,224
413,352
1,942,407
541,325
204,530
1,070,187
356,204
616,008
506,953
538,493
457,381
302,450
1,575,923
448,197
4,974,300
238,591
605,014
332,977
762,405
358,324
583,184
308,012
734,600
639,816
76,469
403,125
2,293,104
2,856,067
775,749
537,684
264,150
368,117
324,941
192,459
330,098
973,125
1,045,879
163,973
163,785
681,932
268,855
5,296,969
362,876
198,384
357,602
196,935
554,069
Corpus at
June 30, 2008
112,784
700,637
163,588
198,435
339,917
357,037
340,151
158,917
1,334,440
739,956
650,385
280,994
277,979
969,623
246,257
152,255
522,886
220,091
351,277
419,323
238,774
219,533
146,056
744,448
307,936
3,452,957
174,996
311,620
147,475
390,203
153,232
299,015
148,944
324,937
295,527
36,731
358,376
1,789,349
1,446,494
348,326
312,515
143,213
197,920
147,455
111,903
112,060
440,080
466,548
73,198
73,144
304,653
149,580
2,401,001
150,000
52,346
150,000
90,927
222,870
- 28 -
Contributed
Corpus
$
1,460
500
2,100
50
63,000
10,250
92,540
350
15
-
Investment
Income
$
(25,312)
(232,670)
(47,720)
(60,378)
(106,286)
(125,765)
(99,662)
(61,136)
(576,220)
(377,800)
(193,676)
(81,093)
(73,063)
(348,911)
(95,884)
(36,040)
(193,879)
(55,800)
(108,775)
(92,141)
(92,081)
(80,360)
(53,507)
(278,347)
(78,091)
(903,094)
(42,518)
(104,483)
(52,004)
(138,586)
(61,241)
(100,063)
(54,490)
(127,526)
(115,023)
(13,630)
(73,146)
(406,184)
(390,125)
(141,500)
(97,153)
(47,072)
(65,508)
(52,192)
(34,880)
(48,535)
(172,802)
(183,635)
(29,101)
(29,140)
(48,304)
(961,497)
(60,695)
(25,135)
(56,893)
(31,341)
(90,277)
Corpus
Transfers
Expenses
$
(4,255)
(113,380)
(9,543)
(9,028)
(35,250)
(15,773)
(21,785)
(91,000)
(80,000)
(40,000)
(13,000)
(15,000)
(25,000)
(25,000)
(39,003)
(64,952)
(19,000)
(11,995)
(30,000)
(12,597)
(61,400)
(18,186)
(100,000)
(8,269)
(32,314)
(7,043)
(13,062)
(5,317)
(15,050)
(20,315)
(12,000)
(2,000)
(76,500)
(24,000)
(16,136)
(9,155)
(12,000)
(40,000)
(5,264)
(15,000)
(26,000)
(34,670)
(9,000)
(8,800)
(9,186)
(214,000)
(7,443)
(50,186)
(5,500)
(15,000)
(12,000)
$
(304,653)
-
Balance at
June 30, 2009
Other
$
2,000
10
(377,278)
7,434
-
$
114,657
994,915
218,191
275,691
471,545
570,122
459,873
273,107
2,575,282
1,785,792
856,684
362,131
327,389
1,568,496
420,441
168,490
837,355
298,452
488,233
402,817
446,412
347,021
236,346
1,236,176
362,170
3,971,206
187,804
560,757
273,930
610,757
291,766
470,071
233,207
607,074
512,793
60,839
329,979
1,810,420
2,465,942
610,249
424,755
207,923
290,609
232,749
152,315
266,563
774,323
827,574
125,872
125,845
1
211,365
4,121,472
294,738
130,497
295,209
150,609
451,792
Corpus at
June 30, 2009
$
112,784
700,637
163,588
199,895
340,417
357,037
340,151
158,917
1,334,440
739,956
650,385
280,994
280,079
969,623
246,257
152,255
522,936
283,091
351,277
419,323
238,774
219,533
146,056
744,448
318,186
3,452,957
174,996
404,160
147,475
390,203
153,232
299,015
148,944
324,937
295,527
36,731
358,376
1,789,349
1,446,494
348,326
312,865
143,213
197,920
147,455
111,903
112,060
440,080
466,548
73,198
73,144
149,580
2,401,001
150,000
52,346
150,000
90,942
222,870
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F003023
F003039
F003075
F003129
F003145
F003147
F003155
F003159
F003161
F003163
F003217
F003225
F003227
F003251
F003271
F003273
F003279
F003311
F003313
F003317
F003339
F003355
F003367
F003377
F003405
F003419
F003435
F003439
F003443
F003449
F003465
F003467
F003475
F003485
F003513
F003533
F003557
F003577
F003611
F003629
F003641
F003673
F003683
F003695
F003715
F003733
F003751
F003757
F003761
F003777
F003809
F003833
F003835
F003845
F003849
F003861
F003883
Description
Herbert S. Dolgoff Scholarship Fund
William D. Hussey Professorship of Business Administration
Harn Program Endowment Fund
Florida Nursery, Growers and Landscape Association Endowed Research Fund
Hunt Bros Endowment for Fellowship in Citrus Research & Education Lake Alfred
One Hundred Club of Broward County Inc. Scholarship Program
Wayne H. Chen Endowed Memorial Scholarship Fund
J. C. Penney Professorship I
J. C. Penney Professorship II Fund
JCPenney Retailing Fund
Edward Shedd Wells Term Professorship-Stereotactic & Functional Neurosurgery
Philip L. Graham Scholarship Fund
New York Times Scholarship Fund
Cope and Edna Newbern Fund
Rodney R. Million, M.D. Chairman's Professorship in Radiation Therapy
John P. Cofrin Professorship in Radiation Therapy
Motorola Named Endowed Graduate Fellowship in Electrical Engineering
J. Michael Cook/Deloitte and Touche Professorship Fund
Phillip J. MacLennan Memorial Scholarship Fund
William A. Emerson/Merrill Lynch Professorship Fund
Orlando Sentinel/South Florida Sun-Sentinel Scholarship Fund
Camp Dresser and McKee Endowed Fellowship
Ronnie H. Walker Scholarship Fund
St. Petersburg Times Scholarship Fund
Chemistry Graduate Scholarship Fund
UF Resident Alumni Professorship
Central Florida Builders' Exchange Frank W. Reed Scholarship Fund
Knight Professorship in Archaeology
Russell Corporation Endowed Scholarship Fund
Davis and Moyer Faculty Fellowships
Melville G. Brinson Family Graduate Fellowship
Paul G. and Harriette C. Franklin Scholarship
PricewaterhouseCoopers Professorship in Accounting
Frank L. Weyenberg MBA Scholarship
Brady S. Johnston Scholarship Fund
Robert L. Kaplan Visiting Professorship Fund
James W. Kynes Memorial Scholarship Fund
Frank E. Bryant, Jr. Scholarship Fund
Nursing Faculty Development Fund
Evelyn Timm Koenig Memorial Endowment Fund
Morton Amsterdam Foundation Scholarship Fund
Jim Steiner Endowed Scholarships
Walter Lorenz Endowed Scholarship
L. D. Hupp Term Professorship for Pediatric Neurosurgery
H. T. Odum Graduate Fellowship
Samuel Proctor Fellowship Fund In History
Board of Associates Faculty Endowment
W. A. McGriff, III Endowed Professorship Fund
Paul M. and Nancy W. Deutsch Professorship
Freedom Forum Scholarship Fund
Dean, Mead, Egerton, Bloodworth, Capouano & Bozarth, P.A. Endowed Scholarship
Harry Rich Endowment For Holocaust Studies
Susan and Howard Kaskel Scholarship
Miami Herald South Florida Scholarship Fund
Mr. and Mrs. E. J. Notley Scholarship Fund
Macfarlane Ferguson & McMullen, P.A. Scholarship
Governor R. H. Gore, Sr. Memorial Scholarship
Balance at
June 30, 2008
$
773,159
637,104
1,501,656
1,256,067
1,515,995
351,330
174,537
684,205
688,323
338,711
2,761,226
338,824
316,122
1,239,447
3,146,280
2,873,474
358,528
608,111
336,456
601,811
311,329
318,483
340,613
313,776
567,346
1,336,911
405,361
870,901
291,868
335,204
302,938
10,367,527
647,226
653,831
334,100
353,617
1,062,302
300,386
1,215,451
878,691
321,212
321,743
580,903
2,361,962
119,294
531,279
109,887
1,773,143
31,513
348,689
350,119
488,219
85,409
312,397
803,571
334,325
380,222
Corpus at
June 30, 2008
$
363,725
308,899
774,577
847,027
801,128
150,000
102,595
300,000
300,000
150,000
1,395,000
151,502
150,000
1,020,261
1,347,806
1,316,888
150,000
300,897
151,569
301,524
150,000
150,500
151,125
150,000
409,230
592,321
191,727
457,000
150,000
157,024
149,981
5,199,864
300,584
300,062
175,618
165,123
528,465
149,093
544,148
651,733
156,000
149,764
303,145
1,050,000
59,310
280,933
61,353
782,937
10,000
147,648
150,000
282,945
39,925
149,963
393,413
149,963
150,150
- 29 -
Contributed
Corpus
$
2,500
12,958
1,200
200
29,093
1,128
5,000
7,500
-
Investment
Income
$
(135,008)
(115,042)
(267,819)
(224,386)
(269,215)
(61,712)
(31,011)
(123,424)
(123,424)
(61,712)
(489,500)
(58,878)
(55,598)
(223,367)
(551,273)
(514,013)
(57,926)
(105,521)
(56,192)
(108,748)
(53,992)
(56,536)
(53,805)
(54,230)
(103,825)
(228,331)
(71,030)
(159,195)
(52,399)
(54,656)
(54,364)
(1,848,636)
(115,243)
(115,663)
(60,056)
(59,711)
(184,848)
(51,206)
(203,618)
(156,269)
(57,135)
(56,511)
(101,429)
(407,897)
(20,482)
(94,196)
(20,099)
(310,148)
(3,769)
(60,408)
(55,528)
(86,025)
(15,479)
(54,665)
(142,166)
(53,965)
(66,604)
Corpus
Transfers
Expenses
$
(26,463)
(56,500)
(45,324)
(82,000)
(11,500)
(6,030)
(25,900)
(18,169)
(10,619)
(125,000)
(9,821)
(8,775)
(60,850)
(100,000)
(50,000)
(13,000)
(22,199)
(8,753)
(9,000)
(7,756)
(19,536)
(70,000)
(6,520)
(31,006)
(9,186)
(4,597)
(360,797)
(25,000)
(13,390)
(10,005)
(10,000)
(43,359)
(8,000)
(4,727)
(8,000)
(11,381)
(18,000)
(105,000)
(3,000)
(3,000)
(48,318)
(125)
(8,842)
(188)
(2,336)
(8,762)
(10,000)
(15,000)
(10,929)
$
-
Balance at
June 30, 2009
Other
$
(23,750)
-
$
614,188
522,062
1,153,587
999,315
1,164,780
278,118
138,696
534,881
546,730
266,380
2,146,726
270,125
251,749
955,230
2,495,007
2,309,461
300,602
502,590
267,264
470,864
248,584
252,947
286,808
251,790
443,985
1,038,580
327,811
680,700
230,283
280,548
243,977
8,158,094
506,983
524,778
264,239
283,906
834,095
241,180
1,011,833
746,788
256,077
253,851
461,474
1,849,065
99,940
434,083
86,788
1,414,677
32,619
279,439
294,591
409,506
67,594
248,970
651,405
265,360
302,689
Corpus at
June 30, 2009
$
366,225
308,899
774,577
859,985
801,128
150,000
103,795
300,000
300,000
150,000
1,395,000
151,502
150,000
1,020,261
1,347,806
1,316,888
150,000
300,897
151,569
301,524
150,000
150,500
151,125
150,000
409,230
592,321
191,727
457,000
150,000
157,024
149,981
5,199,864
300,584
300,062
175,818
165,123
528,465
149,093
544,148
680,826
156,000
149,764
303,145
1,050,000
60,438
280,933
61,353
782,937
15,000
147,648
150,000
290,445
39,925
149,963
393,413
149,963
150,150
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F003899
F003905
F003909
F003927
F004005
F004009
F004013
F004017
F004019
F004021
F004027
F004035
F004053
F004055
F004061
F004077
F004085
F004089
F004107
F004123
F004145
F004153
F004155
F004165
F004167
F004169
F004181
F004187
F004199
F004205
F004209
F004213
F004225
F004227
F004259
F004273
F004301
F004305
F004313
F004339
F004341
F004355
F004359
F004365
F004367
F004389
F004395
F004399
F004417
F004429
F004439
F004457
F004461
F004475
F004483
F004489
F004497
F004509
F004519
F004525
F004527
Description
W. Paul and Erin C. Shelley Scholarship Fund
Walter and Louise Sutcliffe Scholarship Fund
Bank of America Endowed Professorship in Finance
C. E. Norris Memorial/Lake County Gator Club® Endowment
Elroy L. Decker Scholarship Fund
Ruth M. Baldwin Endowed Book Purchase Fund
James E. Rooks, Jr. Professorship in Neurology
Huber Hurst Professorships
WUFT-TV Endowment Fund
WUFT-FM Endowment
Andrew J. Ferendino Endowment
Dunspaugh-Dalton Foundation, Inc. Scholarship Fund
J. C. Penney Graduate Fellowship
GrayRobinson, P.A. Endowed Scholarship
Palm Beach Post/Cox Foundation Scholarship Fund
Knight-Ridder, Inc. Endowed Professorship in Business Administration
Irving Cypen Freshman Scholarship
Bob Paul Family Professorship of Neurology for Research in Alzheimers Disease & Related Disorders
W. W. Massey, Sr. Presidential Scholarship Fund
College of Nursing Endowed Scholarship Fund
Mr. and Mrs. Warren Trottman Scholarship Fund
Virginia Sutherland Root Professorship of Pediatric Cardiology Fund
Kenneth and Janet Keene Endowed Fellowship in the Mathematical Sciences
Albert E. and Birdie W. Einstein Professorship in Computer Assisted Stereotactic Neurosurgery
Robert C. Pittman Fellowship Endowment in the College of Engineering
Judge George C. Carr Scholarship Fund
Florida Surveying and Mapping Society Scholarship
Herbert Russell Gaylord Endowment for Resources in the University Library
Lane, Trohn, Clarke, Bertrand & Williams, P.A. Scholarship
Benjamin Greenbaum Family Visiting Professor Endowment
Egbert R. Beall/Beall's Department Stores, Inc. Faculty Fellowship in Marketing
William R. Hough MBA Faculty Fellowship
Icard, Merrill, Cullis, Timm, Furen & Ginsberg, P.A./Jacksonville Law Alumni Tuition Scholarship
Vaughn-Jordan Foundation Scholarship Fund
William and Else Jennings Scholarship
Threadgill Scholarship Program
Carl E. Johnson Memorial Fund
Holland & Knight LLP Scholarship
Drago Professorship in Inorganic Chemistry
Gold Family Scholarship
James A. Cummings, Inc. Scholarship Fund
George W. Tedder, Jr. and Susan Heald Tedder Scholarship Fund
Annette Kendall Katzoff Fellowship Fund
Hearst Visiting Professorship Endowment Fund
Wedgworth Graduate Fellowship Endowment
Gerald L. Gunter Memorial Professorship Endowment
J. H. Shimberg Distinguished Professorship Fund
Shimberg Discretionary Fund
Gary R. Gerson Visiting Professorship Fund
Ida Rogero Childre Fellowship and Assistantship Fund in Affordable Housing
Mr. and Mrs. George W. Etheridge, Jr. Scholarship
George T. Singleton, M.D. Professorship
Frances Millikan Reitz Scholarship Fund
Pottash Professorship in Psychiatry and Neuroscience
Dunspaugh-Dalton Foundation, Inc. Professorship in Brain and Spinal Surgery
Edith P. Pitts Music Scholarship
Don M. Smith Marine Scholarship/Fellowship
Haskel Hess Professorship in Anatomy and Cell Biology
Wachovia Faculty Fellowship Fund
Justus Reid Scholarship Fund
Joan S. Mendenhall Fellowship Fund
Balance at
June 30, 2008
$
434,523
415,006
622,990
208,415
195,272
791,902
2,012,447
1,273,060
1,643,165
942,050
301,051
332,933
371,948
326,994
312,971
694,521
428,807
1,448,369
345,352
655,169
1,564,581
2,144,225
337,159
2,041,328
1,885,017
333,915
299,025
550,965
323,470
401,459
284,508
320,278
294,693
326,356
1,324,609
368,343
361,329
824,018
1,795,625
340,544
275,722
289,266
353,314
813,564
928,409
556,836
2,530,139
270,896
283,191
335,907
300,266
895,589
365,013
1,777,007
1,822,302
318,095
809,457
2,894,895
274,344
286,914
313,347
Corpus at
June 30, 2008
$
249,480
150,047
300,000
153,656
158,464
459,431
1,389,276
602,644
706,913
572,242
151,227
150,000
150,000
151,000
160,000
300,000
167,156
801,311
177,550
315,700
750,000
903,881
150,993
1,049,985
824,569
153,486
151,712
305,678
150,194
147,613
150,000
149,450
149,508
149,995
612,856
196,250
167,265
453,735
1,039,468
171,026
150,000
151,551
149,994
400,185
450,000
299,342
1,427,200
158,669
150,000
151,024
150,000
766,330
180,175
900,000
1,000,000
150,465
448,557
1,708,567
150,000
149,999
153,149
- 30 -
Contributed
Corpus
$
17,954
20
305
10,000
-
Investment
Income
$
(72,715)
(71,797)
(112,309)
(37,734)
(33,138)
(139,022)
(363,074)
(228,784)
(272,476)
(155,209)
(54,098)
(55,426)
(64,840)
(54,877)
(54,951)
(118,990)
(73,648)
(262,182)
(62,487)
(116,181)
(278,814)
(386,946)
(59,985)
(359,883)
(323,122)
(54,494)
(53,239)
(93,021)
(53,872)
(64,662)
(50,720)
(55,774)
(49,371)
(53,044)
(236,728)
(65,661)
(65,401)
(137,160)
(315,905)
(61,356)
(49,589)
(49,371)
(56,001)
(137,982)
(164,884)
(97,310)
(456,172)
(44,319)
(50,576)
(57,947)
(50,570)
(159,206)
(60,618)
(319,145)
(311,768)
(52,940)
(141,084)
(513,755)
(48,476)
(48,310)
(51,497)
Corpus
Transfers
Expenses
$
(9,000)
(9,122)
(22,980)
(1,000)
(25,000)
(45,224)
(93,101)
(32,742)
(8,000)
(4,000)
(13,000)
(12,000)
(8,766)
(8,000)
(53,780)
(10,137)
(3,441)
(54,227)
(18,000)
(40,000)
(13,000)
(11,250)
(6,000)
(50,000)
(9,000)
(7,000)
(42,000)
(9,186)
(13,000)
(36,000)
(37,000)
(11,250)
(8,000)
(6,078)
(37,000)
(20,836)
(123,000)
(13,000)
(9,000)
(21,500)
(9,000)
(11,000)
(110,000)
(4,000)
(57,000)
(10,000)
(7,950)
(9,000)
-
$
-
Balance at
June 30, 2009
Other
$
143,217
3,320
-
$
352,808
334,087
487,701
170,681
161,134
627,880
1,649,373
999,052
1,438,759
757,439
238,953
273,507
294,108
260,117
249,254
575,531
347,159
1,132,407
272,728
535,852
1,231,540
1,757,279
259,174
1,641,445
1,561,895
266,421
234,536
457,944
263,598
286,797
233,788
264,504
236,322
266,312
1,045,881
293,496
282,928
650,858
1,442,720
277,938
218,133
239,895
297,313
669,504
726,525
438,690
1,950,967
213,577
223,615
256,460
240,696
736,383
293,395
1,457,862
1,400,534
261,155
611,373
2,371,140
217,918
229,604
261,850
Corpus at
June 30, 2009
$
249,480
150,047
300,000
153,656
158,464
459,431
1,389,276
602,644
724,867
572,262
151,227
150,000
150,000
151,000
160,000
300,000
167,156
801,311
177,550
316,005
750,000
903,881
150,993
1,049,985
824,569
153,486
151,712
305,678
150,194
147,613
150,000
149,450
149,508
149,995
612,856
196,250
167,265
453,735
1,039,468
181,026
150,000
151,551
149,994
400,185
450,000
299,342
1,427,200
158,669
150,000
151,024
150,000
766,330
180,175
900,000
1,000,000
150,465
448,557
1,708,567
150,000
149,999
153,149
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F004533
F004565
F004571
F004575
F004577
F004597
F004603
F004641
F004675
F004687
F004719
F004743
F004763
F004777
F004793
F004797
F004801
F004815
F004823
F004827
F004841
F004865
F004871
F004883
F004887
F004895
F004897
F004905
F004909
F004921
F004929
F004939
F004955
F004961
F004969
F004981
F004993
F005001
F005003
F005005
F005013
F005039
F005061
F005083
F005107
F005121
F005133
F005143
F005145
F005153
F005189
F005237
F005245
F005251
F005267
F005271
F005273
F005279
F005281
Description
Dunwody Visiting Professorship and Lecture in Law Fund
Jerome Bain Scholarship Fund
Medical Alumni Professorship
John S. and James L. Knight Foundation Scholarship Fund
Homer and Dolly Hand Fellowship Fund
Carlton Fields Scholarship Fund
William E. Crown, Jr. Scholarship Fund
Louise Seaman Bechtel Visiting Professorship
Invertebrate Paleontology Collection Endowment
St. Petersburg Times/James P. Kerlin Fellowship
Robin and Jean Gibson Fellowship Endowment
Jules B. Chapman, M.D. Endowed Scholarship Fund
Wagley/Carter Endowed Fellowship Fund
Huizenga Professorship in Sports Medicine
E. H. Bateman Scholarship
STOP! Children's Cancer of Palm Beach County, Inc. Professorship in Pediatric Oncology
Knox Millsaps Memorial Endowment Fund
Elizabeth E. Larsen Music Scholarship
Kenneth W. Grader Professorship Fund
Reuters Foundation Scholarship Fund
R. Perry Frankland Term Professorship Fund
Dr. and Mrs. Henri Theil Endowment for the University Gallery
John C. Pinkerton Scholarship Fund
Emanuel and Raidie P. Merdinger Scholarship Fund
Joel R. Wells, Jr. Endowments in Finance Fund
Elizabeth E. Larsen Memorial Fund
Barbara A. and John M. Cirino Scholarship/Fellowship Fund
Guy W. Botts Scholarship Fund
B. L. Stalnaker Professorship in Obstetrics and Gynecology
Magazine Fund
Sam T. Dell Term Professorship
Preservation Institute: Nantucket Operational Endowment
Daniel Sinclair Bredahl Memorial Scholarship
Agricultural Research Center, Inc. Professorship
Gerald Sohn Term Professorship
Marc Desiderio Pediatric Oncology Fellowship
Rudolph Acosta, Jr., M.D. Professorship In Urology Fund
Bunnie Othanel Smith Professorship Fund
Coker, Myers, Schickel, Cooper and Sorensen, P.A. Trial Team Scholarship
Edwin C. Kirkland and Mary Kirkland-Johns Scholarship
Gerson Jewish Studies Scholarship/Fellowship
Jessie Ball duPont-Magid Endowment
Arthur and Anna Sahakian Scholarship
Chesterfield Smith Professorship Fund
Florida Leadership Program Endowment
Christopher M. Squitieri Scholarship
George K. and Ruthanna Davis Scholarship Fund
Dorion/Springer Professorship Fund
Cracchiolo Family Professorship In Surgery
William Merz Professorship in Neurological Surgery Fund
Gwynndolen F. Jensen Scholarship
Hazen E. Nutter Scholarship Fund
Floyd-Gehan Scholarship
Chester C. Holloway Professorship in Entrepreneurship
Dr. Denny M. Cook Memorial Scholarship
Hilda W. Dobbins Scholarship
Joseph and Leila Applebaum Visiting Professorship
Deloitte and Touche Honor Roll Professorship
Dr. and Mrs. Robert B. Bennett Fund
Balance at
June 30, 2008
$
535,246
305,919
605,967
1,768,585
598,371
289,229
580,944
712,300
342,555
304,854
587,208
614,718
232,396
573,064
578,044
1,834,175
565,216
122,771
2,163,905
285,527
397,681
272,439
310,841
3,280,633
850,996
642,403
251,187
328,228
3,053,274
259,031
278,402
627,032
320,159
622,398
275,086
301,780
515,306
567,408
277,945
2,736,347
591,942
303,319
1,976,128
1,102,595
3,066,417
427,288
550,726
1,296,994
1,234,807
421,424
1,050,361
865,369
249,204
609,220
211,251
299,377
379,446
235,754
194,552
Corpus at
June 30, 2008
$
299,988
150,000
312,001
901,638
299,994
150,500
299,998
393,188
235,463
155,515
300,000
374,686
150,038
302,778
300,127
1,191,184
358,959
56,590
1,069,001
150,000
218,665
171,348
152,792
2,560,061
450,000
340,974
148,743
162,604
1,990,000
151,030
150,033
372,675
174,509
357,656
150,000
150,100
300,000
295,987
150,758
1,443,722
300,000
165,000
1,076,472
565,925
2,302,822
226,448
304,086
1,053,248
750,000
300,000
640,000
618,918
129,703
300,865
152,365
153,853
150,000
150,014
155,234
- 31 -
Contributed
Corpus
$
10,000
60,000
3,500
1,059
5,535
30,100
1,022
500
-
Investment
Income
$
(95,870)
(55,444)
(102,774)
(311,164)
(106,890)
(48,293)
(96,469)
(124,479)
(54,427)
(54,528)
(106,000)
(109,423)
(39,884)
(103,538)
(101,226)
(326,720)
(94,186)
(19,870)
(383,720)
(44,520)
(72,214)
(49,830)
(52,064)
(587,919)
(150,889)
(111,564)
(44,297)
(54,296)
(543,555)
(46,779)
(49,880)
(114,686)
(57,085)
(102,607)
(50,314)
(51,936)
(88,315)
(98,714)
(43,423)
(484,097)
(99,193)
(50,904)
(348,640)
(194,618)
(557,289)
(75,367)
(93,413)
(232,429)
(218,664)
(75,453)
(189,861)
(156,673)
(44,409)
(104,574)
(37,516)
(53,033)
(56,781)
(39,957)
(35,584)
Corpus
Transfers
Expenses
$
(16,000)
(8,368)
(49,250)
(25,000)
(13,000)
(13,000)
(750)
(20,375)
(6,251)
(18,372)
(21,500)
(10,000)
(16,554)
(115,825)
(20,087)
(21,950)
(10,728)
(9,542)
(9,024)
(21,974)
(20,383)
(4,500)
(13,000)
(182,330)
(4,693)
(9,100)
(21,959)
(11,142)
(9,634)
(41,980)
(30,606)
(180,000)
(30,000)
(102,405)
(19,100)
(140,000)
(4,005)
(20,013)
(70,724)
(20,000)
(35,171)
(25,372)
(8,637)
(22,200)
(7,500)
(11,000)
(20,000)
(3,580)
$
-
Balance at
June 30, 2009
Other
$
5,000
5,000
950
-
$
423,376
242,107
503,193
1,408,171
466,481
227,936
471,475
587,071
282,753
244,075
462,836
483,795
182,512
469,526
460,264
1,456,630
454,443
102,901
1,780,185
219,057
314,739
213,067
250,703
2,670,740
679,724
530,839
202,390
260,932
2,327,389
208,618
219,422
490,387
257,467
519,791
215,138
249,844
426,991
426,714
234,016
2,072,250
462,749
252,415
1,526,105
888,877
2,369,128
347,916
437,800
993,841
1,016,143
325,971
825,329
683,324
196,158
482,446
166,235
235,344
302,665
195,797
155,388
Corpus at
June 30, 2009
$
299,988
150,000
312,001
901,638
299,994
150,500
299,998
393,188
245,463
155,515
300,000
374,686
150,038
302,778
300,127
1,251,184
362,459
56,590
1,069,001
150,000
218,665
171,348
152,792
2,560,061
450,000
340,974
148,743
162,604
1,990,000
152,089
150,033
372,675
180,044
357,656
150,000
150,100
300,000
295,987
180,858
1,443,722
300,000
165,000
1,077,494
565,925
2,302,822
226,448
304,586
1,053,248
750,000
300,000
640,000
618,918
129,703
300,865
152,365
153,853
150,000
150,014
155,234
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F005289
F005291
F005293
F005309
F005323
F005325
F005373
F005375
F005377
F005379
F005385
F005403
F005407
F005425
F005429
F005437
F005439
F005447
F005459
F005463
F005467
F005469
F005471
F005487
F005491
F005507
F005555
F005573
F005597
F005605
F005621
F005649
F005651
F005669
F005671
F005673
F005679
F005683
F005689
F005691
F005709
F005727
F005751
F005767
F005771
F005773
F005781
F005783
F005785
F005813
F005837
F005839
F005841
F005843
F005845
F005851
F005867
Description
Florida Archaeology Professorship
David M. Drylie, M.D. Visiting Professorship
John W. Donahoo Scholarship
Roy A. Howard Scholarship for Latin American Studies
Joachim S. Gravenstein Professorship in Anesthesiology
Robin and Jean Gibson Term Professorship
Frank J. Sindelar Scholarship
Mikki and Morris Futernick Visiting Professorship
Charlotte M. Liberty Scholarship and Academic Support Fund
Ralph and Bronia Lowenstein Fellowship
Robert H. and Kathleen M. Axline Professorship in Surgery
Airth, Clayton, Warren, and Sisler Scholarship
Alfred T. Airth General Scholarship Fund
Robert H. and Kathleen M. Axline Acquisition Endowment
William M. Inman and Clara Strickland Inman Graduate Fellowship
PricewaterhouseCoopers ISOM Professorship
Florida Roofing, Sheet Metal and Air Conditioning/Earl Blank Faculty Fellowship
Gerson, Preston and Company, CPA Fellowship
Krisia and Steve Rhoden Memorial Scholarship
CSR America Companies Foundation/Rinker Materials Professorship
Marshall M. and Jeannette Butts DeWitt Scholarship
Elmer C. and Minnie Margaret Axline Fund
Robert H. Axline Health Science Center Library Fund
Delrose Marlene Martino Research Fund
Eloise R. Chandler Program Endowment Fund
Orthopaedic Alumni Professorship
Angelos Langadas Endowed Scholarship
Lois Malasanos Fellowship Fund
Andronicos Nicholas Cassas Professorship in Greek Studies
Kenneth F. Finger Memorial Fellowship
Byron D. Spangler Endowed Professorship in Civil Engineering
Lloyd Russell Endowment
Reed Bell Professorship in Pediatrics
PricewaterhouseCoopers Faculty Fellowship in Accounting
Benito Agrelo/Christina Holt Memorial Scholarship
Charles Vincent and Heidi Cole McLaughlin Endowment
Kenneth H. Leathers Scholarship
Frank L. Weyenberg Term Professorship
Whitney Laboratory Lecture Endowment
John W. Thatcher Scholarship
Helen Aubrey Pratt Scholarship
Allied Healthcare Products Research Endowment
Peter J. Sones, Jr. Scholarship Endowment
Florida Rural Rehabilitation Corporation Endowed Scholarship
John T. and Myrtle B. Creighton Scholarship/Fellowship
Levin, Mabie and Levin Professorships in Law
Esther G. and Robert B. Mautz Law Review Scholarship
Frank and Louise Reed Memorial Scholarship
Occidental Chemical Environmental Engineering Sciences Research Fund
Bice Term Professorship in Health Services Research, Management, and Policy
Earl W. Halsey Scholarship
James E. and Thelma C. Garrison Research Professorship
Joseph S. Field, Jr. Scholarship
Evelyn Hartman Scholarship Fund
Charles A. Stokes Endowed Professorship in Chemical Engineering
Jules B. Chapman, M.D. Professorship in Clinical Care and Humaneness
METI Human Patient Simulator Research and Development Laboratory Research Endowment
Balance at
June 30, 2008
$
517,366
377,083
269,242
307,855
1,855,478
304,013
263,783
217,629
12,641,316
293,544
3,494,052
323,670
301,604
2,547,605
579,487
421,776
338,359
220,816
177,700
852,826
3,639,362
4,835,438
463,052
408,967
713,908
1,235,213
224,982
306,291
502,245
292,772
655,450
71,735
1,335,877
252,881
211,071
3,081,165
1,474,775
562,188
283,028
295,087
266,801
734,720
223,881
209,022
294,818
134,269
307,065
263,364
217,282
622,766
259,604
931,470
215,993
608,966
788,546
4,789,977
856,687
Corpus at
June 30, 2008
$
300,000
158,550
151,057
149,846
1,053,451
150,000
139,307
163,735
6,701,301
167,594
1,601,105
169,699
208,803
1,000,000
293,970
300,050
180,900
150,100
105,000
500,000
1,877,958
2,225,241
198,750
218,065
405,510
675,325
150,000
179,607
332,333
177,036
484,021
40,000
1,020,000
140,553
150,010
1,792,918
828,933
300,000
156,262
150,050
150,151
492,050
160,322
149,500
147,500
98,676
224,957
188,193
160,000
472,374
152,096
545,274
172,713
361,877
454,598
3,917,321
590,770
- 32 -
Contributed
Corpus
$
100
250
210
120
56,501
-
Investment
Income
$
(93,688)
(58,878)
(43,536)
(52,387)
(337,678)
(52,187)
(46,896)
(39,487)
(2,318,292)
(51,718)
(610,738)
(54,723)
(49,034)
(338,138)
(102,073)
(75,793)
(59,557)
(38,657)
(31,383)
(148,982)
(654,253)
(854,414)
(73,045)
(72,828)
(126,538)
(224,926)
(35,838)
(51,261)
(81,612)
(44,421)
(115,876)
(12,699)
(241,873)
(41,051)
(37,614)
(559,820)
(260,683)
(101,025)
(42,839)
(51,205)
(47,419)
(130,243)
(36,776)
(36,294)
(46,412)
(22,191)
(56,174)
(44,065)
(37,633)
(105,411)
(46,263)
(168,816)
(38,065)
(110,033)
(137,450)
(870,667)
(153,755)
Corpus
Transfers
Expenses
$
(3,000)
(9,000)
(10,000)
(50,000)
(6,000)
(7,500)
(342,761)
(15,172)
(5,000)
(2,000)
(81)
(18,000)
(15,010)
(5,500)
(4,000)
(37,900)
(105,019)
(500,000)
(20,500)
(4,000)
(43,000)
(45,000)
(7,000)
888
(2,000)
(10,000)
(22,538)
(37,799)
(7,316)
(96,856)
(50,000)
(20,008)
(8,500)
(13,000)
(11,140)
(48,000)
(2,648)
(4,000)
(9,000)
(8,000)
(2,006)
(8,998)
(40,817)
(4,376)
(22,990)
(15,000)
-
$
-
Balance at
June 30, 2009
Other
$
500
100
-
$
420,678
318,205
216,706
245,468
1,467,800
251,826
210,887
170,642
9,980,263
226,754
2,883,314
263,947
250,570
2,209,386
459,414
330,973
278,802
176,659
142,317
665,944
2,880,840
3,481,024
369,507
332,139
544,370
965,287
182,144
256,128
418,633
238,351
517,156
59,036
1,056,205
211,830
166,141
2,424,489
1,164,092
441,155
240,189
243,882
210,882
604,477
174,105
161,588
200,406
165,931
246,891
210,299
171,649
515,449
204,343
721,837
173,552
475,943
636,096
3,919,310
702,932
Corpus at
June 30, 2009
$
300,000
158,550
151,057
149,846
1,053,451
150,000
139,307
163,735
6,701,301
167,694
1,601,105
169,699
208,803
1,000,000
293,970
300,050
180,900
150,100
105,000
500,000
1,878,208
2,225,241
198,750
218,065
405,510
675,325
150,000
179,817
332,333
177,036
484,141
40,000
1,020,000
140,553
150,010
1,792,918
828,933
300,000
156,262
150,050
150,151
492,050
160,322
149,500
147,500
155,177
224,957
188,193
160,000
472,374
152,096
545,274
172,713
361,877
454,598
3,917,321
590,770
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F005889
F005893
F005897
F005921
F005925
F005927
F005943
F005945
F005959
F005961
F005981
F005985
F005987
F006007
F006019
F006033
F006035
F006037
F006047
F006051
F006061
F006065
F006069
F006073
F006075
F006077
F006085
F006091
F006099
F006103
F006113
F006115
F006123
F006125
F006127
F006135
F006141
F006153
F006155
F006157
F006159
F006163
F006165
F006173
F006185
F006195
F006199
F006203
F006215
F006219
F006221
F006233
F006239
F006241
F006261
F006263
F006265
Description
Madelyn M. Lockhart Endowed Doctoral Fund
Osceola Foundation Historic Preservation Fund
Florida Realtors Educational Foundation Scholarship
Dow Chemical Company Foundation Professorship in Chemical Engineering
Gator Club® of Atlanta
George Batchelor Wildlife Fund
Glenn Chuck Professorship in Pediatric Cardiology
Wendy L. Henderson Fund for Neonatal/Perinatal Nursing Education
Edwin Willinger Trust Scholarship
Thomas O. Hunter Scholarship
River Branch Endowment for Drug Addiction and Substance Abuse Prevention, Research and
AFLAC Cancer Research Fund in Orthopaedics
Birdwell Finlayson, M.D., Ph.D. Research Professorship
Michael G. Cantonis Endowment in Greek Studies
Allen and Lou DeLaney Endowment for University of Florida Performing Arts
Florida Veterinary Medicine Association Scholarship
Robert A. Bryan Scholarship
Richard Fay Warner Scholarship Fund
Howard T. Odum Wetlands Research Endowment
Alyce Norine Haines Fellowship
Florida Pest Management Association Urban Entomology Professorship
Robert L. Batey, M.D. Cardiology Scholarship Fund
Bucket Milikin Electrical Engineering Scholarship
Florida Endowment for Research and Education in Mental Health
Randall L. Parks Endowment Fund
Shands Hospital Board of Directors Scholarship Fund
T. G. Williamson Endowment
LaFontaine Scholarship/Fellowship Fund
President's Academic Excellence Fund
Roger G. and Jo Bates Chemistry Fund
(Richard and Thelma O. C. Barney Research Fund)
George Bergen Butler Polymer Chemistry Professor
Alexander M. and June L. Maisin Prostate Research Fund
Jerry W. Davis Communications Technology Fund
Calvin L. Korf Turfgrass Research Fund
Robert S. Baynard Scholarship Fund
Joseph L. and Marion B. Brechner Research Fellowship
Cunningham Scholarship Endowment
Myasthenia Gravis Rhodes Trust
Jean L. Bennett Scholarship
Duggan, Joiner & Company Accounting Endowment
Alfred C. Warrington, IV Fund
Michael A. Singer Fund
Deedie Wrigley-Hancock Fellowship in Equine Colic Studies
LTC John L. Crown Scholarship Fund
Jon L. and Beverly A. Thompson Fund
Henry E. Innes Professorship in Cancer Research
Elizabeth and William F. Leonard Endowment Scholarship
A. Ross and Cora B. Evans Endowed Scholarship
Clarence and Lucille Dee Scholarship
Albert L. Rhoton, Jr., M.D. Chairman's Professorship
Dr. Melvin J. Fregly Memorial Fund
Bob and Phyllis Dean Fellowship in Coastal Engineering
Linda Wilson College of Fine Arts Endowment
Peter G. Gordon/Sun-Sentinel Scholarship
American Economics Institutions Endowment
Richard and Shirley McGinnis Fund for Advertising Excellence
Balance at
June 30, 2008
$
197,103
234,234
257,721
559,002
102,247
483,690
1,602,191
372,703
242,266
195,229
297,150
191,560
944,441
596,462
340,749
239,589
185,576
414,510
183,928
303,020
616,167
213,981
227,009
267,461
3,741,058
1,590,147
767,161
263,365
697,204
263,433
545,555
2,432,952
650,682
6,791,557
210,305
343,910
468,058
194,774
974,984
246,801
417,244
11,137,617
224,498
976,366
223,803
515,222
3,247,230
291,425
216,115
207,942
6,923,730
223,362
213,600
226,673
214,490
2,579,604
360,437
Corpus at
June 30, 2008
$
150,967
156,209
153,000
450,000
64,000
400,500
1,022,068
262,283
150,000
150,000
212,500
150,000
560,762
468,229
279,785
197,093
154,935
270,200
100,100
194,076
491,982
152,567
165,491
150,331
2,433,817
1,020,001
526,990
175,338
543,383
178,900
357,648
1,561,489
375,000
5,362,371
159,145
260,000
301,488
150,000
553,414
156,104
284,820
7,858,566
150,000
738,153
150,100
408,750
2,688,544
223,540
148,424
155,486
5,461,536
164,646
170,000
149,737
151,159
1,094,081
258,959
- 33 -
Contributed
Corpus
$
36,000
5,326
2,000
2,136
1,000
47,250
50,860
30,000
25
10,000
-
Investment
Income
$
(32,414)
(42,842)
(45,362)
(102,243)
(14,440)
(87,324)
(293,046)
(60,434)
(43,173)
(35,090)
(46,712)
(34,107)
(158,115)
(107,292)
(61,665)
(43,421)
(33,104)
(75,052)
(29,231)
(54,918)
(112,622)
(37,244)
(40,061)
(42,531)
(670,234)
(288,192)
(139,037)
(46,316)
(124,989)
(42,289)
(439,036)
(108,141)
(1,219,811)
(36,343)
(58,106)
(79,184)
(34,565)
(161,073)
(43,738)
(74,465)
(2,034,127)
(40,873)
(170,158)
(39,644)
(86,285)
(593,929)
(50,561)
(38,553)
(37,598)
(1,222,258)
(37,152)
(35,361)
(39,532)
(37,483)
(453,908)
(65,384)
Corpus
Transfers
Expenses
$
(2,000)
(8,203)
(6,000)
(10,286)
(2)
(18,590)
(56,113)
(13,128)
(8,397)
(5,250)
(10,000)
(50)
(500)
(15,000)
(1,373)
(6,500)
(11,294)
(8,288)
(21,900)
(3,025)
(50,000)
(57,927)
(27,975)
(7,550)
(1,939)
(16,000)
(72,805)
(384,320)
(11,000)
(8,005)
(8,500)
(8,000)
(17,000)
(289,241)
(5,000)
(45,000)
(9,000)
(9,750)
(113,726)
(6,667)
(4,001)
(350,000)
(15,000)
(5,250)
(6,323)
(93,154)
(11,000)
$
(357,648)
-
Balance at
June 30, 2009
Other
$
1,000
(187,907)
-
$
162,689
183,189
206,359
446,473
123,805
377,776
1,253,032
304,467
190,696
154,889
250,438
147,453
788,276
488,670
264,084
194,795
145,972
330,300
154,697
239,814
481,645
176,737
184,923
224,930
3,020,824
1,244,028
600,149
209,499
618,526
205,144
1,971,971
542,541
5,187,426
173,962
274,804
380,869
151,709
813,911
195,063
325,779
8,814,249
178,625
761,208
175,159
449,187
2,539,575
240,864
170,895
166,368
5,351,472
171,210
182,989
187,141
170,684
2,032,542
284,053
Corpus at
June 30, 2009
$
150,967
156,209
153,000
450,000
100,000
400,500
1,022,068
267,609
150,000
150,000
212,500
150,000
562,762
468,229
279,785
197,093
154,935
272,336
100,100
194,076
491,982
152,567
166,491
150,331
2,433,817
1,020,001
526,990
175,338
590,633
178,900
1,612,349
375,000
5,362,371
159,145
260,000
301,488
150,000
553,414
156,104
284,820
7,858,566
150,000
738,153
150,100
438,750
2,688,544
223,540
148,424
155,511
5,461,536
164,646
180,000
149,737
151,159
1,094,081
258,959
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F006279
F006281
F006283
F006285
F006287
F006289
F006309
F006333
F006339
F006345
F006351
F006355
F006363
F006365
F006367
F006375
F006383
F006389
F006391
F006393
F006399
F006403
F006419
F006421
F006433
F006435
F006451
F006453
F006455
F006457
F006473
F006475
F006499
F006503
F006509
F006515
F006529
F006531
F006537
F006545
F006549
F006561
F006563
F006565
F006579
F006581
F006583
F006587
F006589
F006593
F006595
F006913
F006915
F006917
F006919
F006921
F006927
F006929
F006931
Description
Music Department Endowment
Ted Fearney Endowed Professorship in Architecture
Miss Lucy Dickinson Fellowship in Vertebrate Paleontology
Taiwan R.O.C. Fund
S. Clark Butler Urological Oncology Research
William C. and Bertha M. Cornett Fellowship
Graham-Buffett Teaching Endowment
Joy McCann Culverhouse Excellence in Accounting Endowment
Roger Long/W. J. and A. C. Wise Scholarship
President's Performance Endowment
Criser Internship Fund
Huber C. Hurst Endowment
Witters Competition Endowment
Albert C. and Vanda N. O'Neill, Jr. Liberal Arts and Sciences Excellence Fund
Alumni Graduate Fellowships
Irving Cypen Professorship
S. Clark Butler Research Fund for Neurology
Fred W. and Mabel H. Barber Forestry Fund
Barber Endowment
Sidney Knight Endowment Fund
Glaxo Wellcome Visiting Professorship
Greene Pediatric Neurosurgery Research Fund
E. Robert Langley Scholarship Fund
Jablonski/Peterson Animal Health Research
Grace H. Osborn Professorship of Medical Ethics and Humanities
Marjorie Kinnan Rawlings Baskin Scholarship Fund
A. J. and Lynne Land Fund in Historic Preservation
Laborers' International Union of North America Arthur A. Coia & R. P. Vinall Scholarship
Law Review Endowment
UF Law Center Association Inc Endowment
Inez Culp Goodrum Scholarship Fund
Rene Aerts/Virginia J. Cosper Professorship
Ruth Selby Noble Scholarship/Fellowship Fund
Lockheed Martin Student Support Program Fund
James E. Dykes Scholarship Fund
Ralph D. Turlington Scholarship and Fellowship Fund
George P. Wilson MBA Endowment
Richard W. Cope and Margaret M. Cope Real Estate Endowment
E. R. Beall Professorship of Logistics and Supply Chain Management Fund
Tarrant Organic Chemistry Fund
Dr. Robert E. Allen, Dr. Owen J. Holyoak and Dr. Paul R. Varnes Scholarship
Clark Construction Group Fund
Allbritton Endowment for Excellence in Television and Electronic Media
Brain Institute Research Endowment
James J. Rizzi Scholarship
Chastain Endowment for UF Students at the New World School of the Arts
Florida Power and Light Company Endowed Term Professorship in Nuclear Engineering
Wayne and Mary Hockmeyer Endowment Fund for Science and Business Education
Lewis Donald Rushing Finance, Insurance and Real Estate Endowment Fund
Judge John M. McNatt Memorial Scholarship
Gene and Barbara Batson Endowed Nursery Fund
Snelling Scholarship Endowment Fund
Melvin and Lorna Rubin Fund
Karl B. Hanson, Sr., M.D., Professor of Internal Medicine
Harvard Jolly Architects Scholarship Fund
Joseph J. Bagnor/Shands Professorship
Charles W. Abbott Appellate Advocacy/Moot Court Endowment
Meril S. Beers Graduate and Undergraduate Loan
Frances R. and Homer J. Hand EREC Endowment
Balance at
June 30, 2008
$
226,462
204,286
610,604
2,224,521
252,239
803,152
2,363,893
5,071,116
256,246
2,602,335
226,287
2,040,703
194,226
187,648
10,485,494
386,108
196,902
1,295,982
979,920
200,957
191,568
2,111,062
212,139
214,946
941,971
982,539
183,992
413,644
1,640,682
426,609
191,528
578,721
234,808
718,831
186,219
180,124
195,558
204,307
371,013
1,283,020
206,247
183,334
2,544,456
338,082
195,954
250,108
825,929
321,847
1,233,170
183,317
1,120,187
205,382
396,080
351,545
179,302
1,440,828
224,570
485,818
1,950,574
Corpus at
June 30, 2008
$
150,098
166,025
393,784
1,750,641
150,000
658,056
1,750,001
4,000,002
198,518
2,045,783
162,000
935,636
148,273
149,416
8,000,750
300,000
150,000
1,073,062
811,530
163,406
150,000
922,411
149,010
150,000
754,581
781,154
150,275
306,885
1,442,970
300,000
148,493
417,388
182,702
600,000
142,602
150,000
153,888
150,000
300,000
1,044,736
170,544
150,000
2,100,000
239,923
150,000
196,500
604,500
242,745
1,018,415
148,727
967,032
168,881
258,105
298,141
150,250
1,020,114
148,172
396,286
1,600,123
- 34 -
Contributed
Corpus
$
1,000
4,000
8,149
50
189,338
5,000
500
7,000
40,000
-
Investment
Income
$
(39,645)
(36,709)
(100,911)
(400,859)
(37,156)
(146,888)
(424,573)
(928,345)
(46,441)
(465,664)
(35,514)
(363,163)
(34,706)
(33,273)
(1,903,673)
(70,196)
(35,098)
(237,039)
(179,230)
(36,391)
(33,406)
(369,080)
(33,920)
(33,406)
(171,992)
(171,566)
(33,658)
(71,691)
(295,529)
(69,461)
(33,817)
(95,553)
(41,844)
(126,898)
(32,431)
(31,641)
(32,885)
(34,255)
(66,939)
(224,734)
(36,287)
(32,054)
(448,840)
(52,843)
(33,899)
(43,356)
(141,219)
(51,874)
(222,286)
(31,783)
(197,137)
(36,385)
(55,140)
(63,713)
(32,216)
(248,065)
(31,749)
(84,571)
(349,473)
Corpus
Transfers
Expenses
$
(6,000)
(10,500)
(15,725)
(142,132)
(22,225)
(69,931)
(132,000)
(7,009)
(42,864)
(13,600)
(66,068)
(9,186)
(287,380)
(15,763)
(4,000)
(45,000)
(34,319)
(5,000)
(70,015)
(12,000)
(33,777)
(30,204)
(6,445)
(6,000)
(3,434)
(8,000)
(27,459)
(8,138)
(1,000)
(7,500)
(2,598)
(21,000)
(15,910)
(33,600)
(3,126)
(9,250)
(80,364)
(28)
(9,000)
(13,125)
(60,412)
(6,000)
(7,175)
(15,405)
(4,000)
(240,000)
(43,500)
(47,000)
$
-
Balance at
June 30, 2009
Other
$
3,765
605
500
50
10,000
5,000
-
$
180,817
157,077
498,733
1,681,530
215,083
634,039
1,869,389
4,010,771
202,796
2,093,807
181,173
1,611,472
159,520
145,189
8,294,441
300,149
157,804
1,013,943
766,371
159,566
158,162
1,672,572
166,219
181,540
736,202
789,418
143,939
335,953
1,531,057
357,148
149,711
455,709
184,826
590,933
146,288
148,483
160,075
149,052
288,164
1,024,686
171,884
152,030
2,015,252
285,711
153,055
198,627
684,710
269,973
950,472
145,534
923,050
168,822
340,940
272,427
143,086
952,763
189,321
401,247
1,554,101
Corpus at
June 30, 2009
$
150,098
166,025
394,784
1,750,641
150,000
658,056
1,750,001
4,000,002
198,518
2,045,783
166,000
935,636
148,273
149,416
8,000,750
300,000
150,000
1,073,062
811,530
163,406
150,000
922,411
149,010
150,000
754,581
789,303
150,325
306,885
1,632,308
300,000
148,493
417,388
182,702
600,000
142,602
150,000
153,888
150,000
300,000
1,044,736
175,544
150,000
2,100,000
240,423
150,000
196,500
604,500
242,745
1,018,415
148,727
967,032
175,881
258,105
298,141
150,250
1,020,114
188,172
396,286
1,600,123
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F006937
F006943
F006949
F006955
F006961
F006967
F006969
F006973
F006975
F006979
F006985
F006993
F007001
F007003
F007013
F007025
F007029
F007031
F007035
F007051
F007057
F007061
F007073
F007077
F007079
F007083
F007087
F007093
F007097
F007161
F007171
F007175
F007177
F007189
F007199
F007205
F007207
F007217
F007231
F007235
F007237
F007239
F007243
F007251
F007253
F007269
F007273
F007287
F007293
F007297
F007299
F007303
F007319
F007325
F007327
Description
J. Robert Cade, M.D. Professorship of Nephrology Fund
Gartner Group Information Technology Fund
Davidson Graduate Travel Scholarship
Henry A. Kokomoor Memorial Fund
Dr. and Mrs. Leighton E. Cluff University of Florida Performing Arts Educational Endowment Fund
James M. Cox, Jr./Palm Beach Post Professorship in New Media Journalism
Keith and Doreen Koenig MBA Endowment
S.F.I. Educational Endowment
Bank of America Professorship in Finance
Ralph W. Miller Scholarship
Rae O. Weimer Scholarship Fund
William E. Dudziak and Emily E. McClintock Business Technology Endowment
Alfred A. Ring Trust Fund
Hugh M. "Smiley" Hill, M.D. Scholarship Endowment Fund
Charles and Teresa Bedford Urology Fund
IMC-Agrico Geology Department Fund
Florida Museum of Natural History Education
Harold Z. Steinbrenner Family MBA Endowment
Irving and Rose Fien Professorship
David M. Drylie, M.D. Urology Residents Education Endowment Fund
Dr. Charles W. LaPradd Ph.D. Fellowship
Geology Department 50th Anniversary Fund
Friends of the Randell Research Center
F. Andrew Warden Advertising Scholarship
S. Clark Butler Lectureship, Scholarship and Teaching Endowment in Entrepreneurship Fund
Jerry W. and Judith S. Davis Cancer Research Endowment
Thomas H. Maren, M.D. Professorship of Pharmacology and Therapeutics
David Stuzin Hall Fund
International Center for Automated Information Research
Lawrence Baynard Hubbell Scholarship in Theatre Studies
Allen L. Lastinger, Jr. and Delores Taylor Lastinger Endowment
Materials Science and Engineering Endowed Professorship
Fyfe Family Scholarship Fund
Russell Lowell Jaberg Scholarship Fund
McGehee Family Research Fund
Bank of America Business Endowment
C. Arnold Matthews Graduate Fellowship in Finance
Jane Adams Edmonds Ph.D. Fellowship
Marshall M. Criser Chair in Electronic Communications and Administrative Law
William T. and Jackie C. Reid Scholarship in Pharmacy
William T. and Jackie C. Reid Scholarship in Dentistry
Verna Hilda Soderstrom Domaschk Scholarship
Annabel Davis Jenks Endowed Professorship for Teaching and Research in Clinical Nursing
Frederick Family Fund in Health and Human Performance
Frederick Family Scholarship in Physical Therapy
C. P. and Lynn Steinmetz Scholarship/Fellowship Fund
Key West Gator Club® Endowment Fund
Documentary Institute
Billie K. and Betty C. Stevens Term Professorship Fund
John Mason Gardner Journalism and Communications Fund
Wesley W. Wood Professorship of Orthopaedics
Louis C. and Jane Gapenski Term Professorship for Health Services Administration
Alpha One Foundation Research Program and Professorship
Raidie P. Merdinger Nursing Fund
M. Ann O'Brien MBA Scholars Endowment Fund
Balance at
June 30, 2008
$
1,191,955
195,119
123,182
82,149
248,343
557,592
211,565
552,558
609,835
305,364
209,449
1,276,547
182,914
2,360,901
195,133
376,660
373,793
190,412
1,320,247
473,155
194,064
590,232
2,000,516
725,230
307,530
11,970,452
2,253,754
5,608,421
6,627,977
192,191
5,004,688
1,279,381
185,858
133,005
198,481
1,560,850
185,932
251,540
1,318,934
95,628
163,903
192,031
1,282,497
96,722
93,718
1,168,463
228,988
359,717
1,006,986
193,789
392,000
398,694
1,332,825
916,211
196,855
Corpus at
June 30, 2008
$
1,019,450
150,000
108,364
76,490
214,219
450,000
150,000
444,654
326,636
222,163
158,398
1,026,094
150,099
1,914,789
167,630
300,000
289,459
150,000
1,020,002
370,827
150,000
475,830
1,503,107
580,000
244,462
10,024,993
1,820,000
3,989,730
5,005,066
150,000
4,156,834
1,022,105
150,000
112,952
150,000
1,222,300
151,590
197,834
1,020,000
74,054
129,054
150,000
1,020,000
75,241
75,241
1,001,321
185,000
183,229
937,874
150,149
307,229
306,950
1,020,000
711,303
150,780
- 35 -
Contributed
Corpus
$
510,093
1,650
57,820
51,253
439
100
10,820
2,512
25,000
150
47,380
80,000
2,058
181
34,000
-
Investment
Income
$
(197,761)
(32,055)
(21,905)
(12,930)
(44,967)
(100,154)
(33,715)
(99,501)
(107,674)
(49,700)
(34,898)
(232,383)
(32,074)
(420,341)
(35,179)
(64,109)
(62,934)
(33,090)
(229,977)
(85,784)
(33,468)
(100,939)
(365,664)
(126,120)
(56,232)
(2,189,434)
(411,988)
(1,005,714)
(1,196,536)
(34,179)
(912,633)
(227,991)
(33,039)
(24,446)
(34,329)
(275,681)
(33,798)
(43,988)
(233,419)
(16,882)
(29,019)
(33,640)
(223,121)
(17,122)
(17,122)
(213,550)
(40,744)
(51,393)
(180,696)
(34,240)
(69,968)
(70,582)
(234,596)
(157,380)
(34,184)
Corpus
Transfers
Expenses
$
(12,811)
(5,071)
(3,111)
(11,000)
(21,000)
(9,671)
(24,244)
(22,200)
(6,500)
(4,486)
(40,000)
(4,335)
(76,800)
(1,822)
(21,000)
(21,126)
(4,972)
(18,337)
(5,500)
(6,846)
(71,367)
(14,108)
(29,287)
(419,235)
(63,000)
(607,399)
(25,000)
(5,000)
(180,000)
(44,342)
(10,000)
(3,385)
(5,000)
(31,214)
(5,500)
(80,000)
(6,558)
(3,500)
(6,000)
(15,000)
(1,038)
(2,680)
(41,700)
(5,000)
(48,817)
(3)
(5,599)
(15,000)
(850)
(20,000)
(3,000)
$
-
Balance at
June 30, 2009
Other
$
14
2,050
900
25,050
9,668
-
$
1,491,476
163,064
97,856
123,928
192,376
436,438
168,179
428,813
479,961
249,164
170,065
1,004,164
146,505
1,915,027
158,132
291,551
290,172
152,350
1,090,270
371,184
155,096
494,167
1,565,997
610,002
247,211
9,361,783
1,778,766
3,995,308
5,406,441
153,012
3,912,055
1,007,048
142,819
152,554
159,152
1,253,955
152,134
202,052
1,085,515
74,246
131,384
152,391
1,044,376
78,562
73,916
913,213
183,244
269,175
826,468
153,950
307,032
361,262
1,078,229
758,831
159,671
Corpus at
June 30, 2009
$
1,529,543
150,000
110,014
134,310
214,219
450,000
150,000
444,654
326,636
222,163
158,398
1,026,094
150,099
1,966,042
167,630
300,000
289,898
150,000
1,020,002
370,927
150,000
486,650
1,505,619
605,000
244,612
10,024,993
1,820,000
3,989,730
5,005,066
150,000
4,156,834
1,022,105
150,000
160,332
150,000
1,222,300
151,590
197,834
1,100,000
76,112
129,054
150,000
1,020,000
75,241
75,241
1,001,321
185,000
183,229
938,055
150,149
307,229
340,950
1,020,000
711,303
150,780
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F007347
F007351
F007353
F007355
F007365
F007367
F007369
F007377
F007379
F007385
F007387
F007389
F007397
F007447
F007467
F007473
F007489
F007491
F007497
F007507
F007527
F007531
F007533
F007545
F007547
F007549
F007553
F007559
F007589
F007591
F007599
F007627
F007629
F007637
F007655
F007677
F007695
F007719
F007723
F007727
F007735
F007743
F007745
F007747
F007749
F007755
F007773
F007783
F007785
F007789
F007807
F007815
F007819
Description
Frank P. May Endowment
Marion Brechner Citizen Access Project Endowment
Margie B. and Dempsey R. Sapp, Sr. Distinguished Professorship Fund
Alan Epstein Memorial Scholarship Fund
David F. and Cynthia A. Davis Endowed Scholarship
Ellis Research Endowment
Frank E. Harris Professorship
Fahien Endowed Teaching Scholarship
Fredric G. and Marilyn Kapner Levin Fund
Genzyme Professorship of Biomaterials in Materials Science and Engineering
David F. Miller Center for Retailing Education and Research Fund
Martha and Arthur Appleton Endowed Professorship in Equine Studies
Central Florida Fair Endowment for Scholarships/Fellowships
Joe and Sophie Witten Scholarship
James A. Himes Alumni Scholarship Fund
Brooks Center for Rehabilitation Studies Endowment Fund
Vasil-Monsanto Endowed Professorship
Laura McClamma Research Fellowship Fund
Don D. and Ruth S. Eckis Professorship in Biomedical Engineering
Ogden Entertainment of Florida Program Enhancement Fund
Grace Hausch and John M. Hausch Memorial Fund
Jack Faricy Professorship
IBM Sanibel Symposium Endowment
MedX 96 Program Enhancement Fund
Kelley A. Bergstrom Real Estate Endowment Fund
Hoke T. Maroon MBA Fellowship Endowment
William and Grace Dial Endowment
V. Ravi Chandran, Ph.D. Professorship in Pharmaceutical Sciences
Wachovia Scholarship and Internship Fund
Wachovia Foundation Museum Technology Endowment
Douglas Edwin Salisbury Scholarship
Sears Retail Seminar Series Endowment Fund
William P. and Janet F. Bushnell Professorship in Urban Environmental Sustainability
Calder Race Course Scholarship
Adams Endowment for Medical Excellence
Richard B. Stephens Eminent Scholar Chair in Federal Taxation
J. Robert and Mary Cade Professor of Physiology Fund
Upchurch, Watson & White Dispute Resolution Fund
John R. and Carolyn C. Dykes Endowment Fund
James J. Freeland Eminent Scholar Chair in Federal Taxation
Gaintner Family Endowment for Arts in Medicine
Verle M. Hellekson Research Endowment in Cardiovascular Medicine
William R. Rambo, Sr. Scholarship in Medicine
William R. Rambo, Sr. Scholarship in Dentistry
William R. Rambo, Sr. Scholarship in Veterinary Medicine
Roger B. Broderick Fund
Yazdi Scholarship/Fellowship Endowment Fund
Ford Foundation Endowment for Tropical Conservation and Development
Ernest G. Atkin Memorial Fund
MBA Advisory Board Scholarship
William and Linda Eckhoff Bridge Program Fund
Lucy Gooding Fund
G. W. Robinson Endowment in Building Construction
Balance at
June 30, 2008
$
551,051
1,295,116
2,164,029
188,592
212,282
1,238,808
735,980
213,930
25,102,174
674,692
2,013,274
3,931,534
191,318
274,975
115,082
6,205,102
696,415
693,493
2,082,297
244,914
433,612
431,246
337,977
295,639
1,797,953
195,766
1,031,774
634,045
818,203
200,102
132,612
465,156
1,975,722
194,757
190,906
1,569,313
1,208,557
180,524
355,903
1,446,153
739,979
323,078
138,186
138,782
138,282
183,993
287,624
4,610,876
357,697
297,156
194,164
1,448,006
799,603
Corpus at
June 30, 2008
$
449,502
1,043,235
1,750,001
160,634
169,680
981,186
619,445
169,597
19,998,200
525,058
1,685,923
1,817,968
150,000
217,238
100,810
5,000,000
550,000
570,272
710,146
182,940
382,652
327,358
259,319
225,000
1,520,001
149,998
756,000
550,000
624,878
156,220
110,830
375,000
1,601,769
152,250
151,120
1,147,874
1,020,000
150,000
289,561
1,087,300
564,489
175,000
117,708
117,705
117,705
150,000
270,000
4,000,002
265,421
233,608
150,000
1,182,138
580,918
- 36 -
Contributed
Corpus
$
9,725
200,000
33,518
150,050
5,000
100,100
3,000
-
Investment
Income
$
(98,199)
(229,135)
(395,542)
(34,109)
(36,904)
(224,720)
(132,322)
(38,772)
(4,497,336)
(120,232)
(368,201)
(717,795)
(33,470)
(46,364)
(19,733)
(1,122,342)
(119,901)
(126,762)
(339,993)
(40,052)
(78,586)
(77,803)
(57,326)
(48,948)
(317,969)
(34,093)
(178,426)
(115,972)
(143,898)
(35,974)
(23,125)
(84,608)
(350,521)
(34,431)
(32,130)
(274,413)
(214,696)
(31,810)
(63,562)
(255,136)
(127,864)
(52,782)
(24,531)
(24,530)
(24,530)
(31,371)
(52,455)
(841,584)
(61,861)
(52,203)
(31,261)
(253,159)
(138,227)
Corpus
Transfers
Expenses
$
(29,159)
(67,200)
(77,100)
(5,333)
(4,000)
(43,212)
(5,851)
(698,493)
(23,384)
(68,771)
(68,000)
(10,000)
(403)
(43,194)
(52,934)
(1,000)
(11,860)
(15,983)
(8,353)
(13,209)
(74,525)
(12,050)
(16,540)
(21,800)
(21,022)
(7,500)
(2,000)
(11,324)
(838)
(150,001)
(70,000)
(5,000)
(8,000)
(100,003)
(9,216)
(25,500)
(4,500)
(4,000)
(5,000)
(4,767)
(161,400)
(16,300)
(6,742)
(5,000)
(43,251)
$
-
Balance at
June 30, 2009
Other
$
14,117
2,000
1,085
-
$
423,693
998,781
1,691,387
149,150
171,378
970,876
603,658
169,307
19,906,345
531,076
1,576,302
3,145,739
147,848
228,611
104,671
5,039,566
523,580
566,731
1,742,304
203,862
343,166
337,460
286,415
235,482
1,605,459
149,623
837,893
496,273
653,283
156,628
107,487
369,224
1,657,881
160,326
158,776
1,294,949
923,861
148,714
284,341
1,191,114
602,899
244,796
109,155
110,252
108,752
152,622
230,402
3,607,892
279,536
241,211
157,903
1,194,847
618,125
Corpus at
June 30, 2009
$
449,502
1,043,235
1,750,001
160,634
169,680
981,186
619,445
169,597
19,998,200
525,058
1,685,923
1,817,968
150,000
217,238
110,535
5,000,000
550,000
570,272
710,146
182,940
382,652
327,358
259,319
225,000
1,720,001
149,998
756,000
550,000
624,878
156,220
110,830
375,000
1,635,287
152,250
151,120
1,297,924
1,020,000
155,000
289,561
1,187,400
564,489
175,000
117,708
117,705
117,705
150,000
270,000
4,000,002
265,421
236,608
150,000
1,182,138
580,918
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F007831
F007851
F007853
F007857
F007859
F007867
F007869
F007881
F007883
F007885
F007889
F007891
F007903
F007909
F007913
F007929
F007943
F007957
F007961
F007967
F007983
F007989
F007995
F007999
F008003
F008019
F008023
F008027
F008031
F008033
F008053
F008055
F008057
F008065
F008073
F008079
F008085
F008087
F008089
F008091
F008117
F008119
F008131
F008137
F008153
F008159
F008161
F008167
F008171
F008173
F008179
F008197
F008203
F008247
F008249
Description
John T. and Winifred M. Hayward Professorship in Genetics Research
Exhibits
William F. Powers Endowed Professorship
William K. "Bill" Robertson Fellowship Fund
Wayne Hawkins Agricultural Scholarship Fund
Ohanian Lecture Series Endowment
Melvin J. and Marilyn S. Fregly Endowment for Biomedical Sciences and Humanities Collection
Barbara J. and Curtis M. Phillips, M.D. Endowment Fund
Robert J. and Jane H. Barben Family Scholarship/Fellowship Endowment
Student Enrichment Fund
Evelyn F. McKnight Chair for Brain Research in Memory Loss
John and Margaret Sung Family Fine Arts Fellowship
James E. McGuigan, M.D. Fellowship
William R. Hough Master's Program in Finance
Richard E. Darby Accounting Scholarship
Intelicus Endowment for Public Health and Health Professions
Powell Gene Therapy Fund
Anne Troneck Fund
Ruth P. Phillips Sports Medicine Endowment
C. Farris and Julia B. Bryant Florida History Preservation Fund
Albert L. Holloway Graduate Research Endowment
Gerson Hall Excellence Support Fund
Radiation Oncology Clinical Research Endowment
Continuing Medical Education Endowment in Cardiology
Continuing Medical Education Endowment in COM
Van Dyke Endowment for the Libraries
Philip B. and Georgia E. Hofmann Fund for Equine Studies
Keith Stone, M.D Endowment Fund
Liberty and George Perry Memorial Scholarship in Greek Studies
George and Liberty Perry Endowment in the Center for Greek Studies
Jessie Shaw Bates and Mortimer B. Bates, Jr. Fund
Waldo W. Neikirk Professorship
Evelyn F. McKnight Brain Research Grant
Linda and Ken McGurn Director's Fund
Gartner Group Graduate Fellowship
Alvin G. and Effie D. Flanagan Endowment Fund
Thomas J. and Jane B. Walker Fund
M. E. Rinker, Sr. Endowment #1
M. E. Rinker, Sr. Endowment #2
Wilson and Marie Collins Endowment for Graduate Fellowships
Neurology Academic Excellence
Orange County Farm Bureau Scholarship
Ralph T. and Ella B. Sadler Extension Term Professorship
Thomas P. Mitchell Professorship in Clinical Physics Fund
Pierre Chagnon Professorship
F. Graham McKeel MBA Fellowship Fund
Melvin Greer Academic Endowment Fund
Harris Corporation Communication Graduate Fellowship Endowment
Wayne Densch Epilepsy Research Endowment Fund
Frank Maturo Excellence Fund
David A. Cofrin Acquisition Endowment
George F. and Hazel Z. Baughman Endowment
Ann R. Stasch Memorial Scholarship
Alumni Professorship of Materials Science and Engineering 1
Alumni Professorship of Materials Science and Engineering 2
Balance at
June 30, 2008
$
1,146,377
214,414
590,522
179,459
197,750
166,329
201,771
4,859,822
115,639
57,724
5,766,651
197,210
375,022
8,373,856
185,875
571,290
4,649,939
794,210
278,212
600,768
374,248
1,465,021
420,904
252,899
722,022
395,095
2,400,073
178,037
190,786
608,620
188,161
418,721
36,627,800
1,535,087
276,904
9,455,888
344,820
7,901,367
4,595,458
172,486
209,038
192,951
192,389
752,803
1,716,665
175,557
180,270
310,860
1,527,326
244,205
3,584,294
353,013
202,739
626,590
626,634
Corpus at
June 30, 2008
$
1,020,000
175,392
453,316
150,012
169,337
150,042
150,000
4,275,206
100,884
51,034
3,995,677
151,853
296,538
7,347,685
150,000
450,003
4,042,506
691,699
152,331
460,021
260,884
1,187,993
302,358
186,923
525,000
303,602
1,750,002
150,020
156,674
463,683
152,750
337,779
25,967,781
1,361,375
202,500
7,602,421
315,000
4,006,510
3,636,964
134,250
150,000
150,000
150,000
546,542
1,337,002
149,330
133,011
225,000
1,166,668
197,230
1,860,278
290,182
160,110
510,000
510,053
- 37 -
Contributed
Corpus
$
198
2,000
5,250
2,000
75
250
817
100
5,804
5,600
6,700
-
Investment
Income
$
(209,581)
(36,633)
(105,962)
(31,484)
(34,722)
(30,238)
(32,447)
(886,887)
(20,685)
(10,462)
(958,381)
(33,194)
(66,815)
(1,527,804)
(32,280)
(95,254)
(832,012)
(143,791)
(40,975)
(101,412)
(61,720)
(247,404)
(67,970)
(40,433)
(120,829)
(65,899)
(412,838)
(32,563)
(33,090)
(99,135)
(31,668)
(70,777)
(6,509,904)
(269,812)
(42,111)
(1,698,271)
(63,394)
(1,431,875)
(825,955)
(28,024)
(32,559)
(33,381)
(32,559)
(128,010)
(303,843)
(31,581)
(29,041)
(49,149)
(268,723)
(41,572)
(412,179)
(62,949)
(36,331)
(111,657)
(111,669)
Corpus
Transfers
Expenses
$
(40,648)
(5)
(1,000)
(2,000)
(7,500)
(3,000)
(216,356)
(4,000)
(2,529)
(450,000)
(3,050)
(182,320)
(260,000)
(60,000)
(50)
(25,000)
(2)
(6,500)
(36,173)
(1,006)
(1,300,000)
(88,363)
(262,639)
(10,220)
(251,705)
(242,000)
(6)
(6,000)
(5,000)
(178)
(5,000)
(140)
(14,500)
(103,033)
(10,168)
(20,000)
(21,736)
(21,719)
$
-
Balance at
June 30, 2009
Other
$
19,400
-
$
896,148
177,974
483,560
145,975
155,528
133,091
169,324
3,756,579
90,954
44,733
4,358,270
162,966
308,207
6,668,982
153,595
476,036
3,557,927
650,419
177,237
501,306
312,528
1,192,617
353,007
212,466
601,193
329,196
1,987,235
145,474
151,196
473,312
155,737
347,944
28,817,896
1,197,129
234,793
7,494,978
271,206
6,217,787
3,527,503
144,462
176,573
153,570
154,830
630,419
1,412,822
138,976
156,689
247,211
1,155,570
199,165
3,172,115
270,064
166,408
493,197
493,246
Corpus at
June 30, 2009
$
1,020,000
175,590
453,316
150,012
169,337
150,042
150,000
4,275,206
100,884
51,034
3,995,677
153,853
296,538
7,352,935
150,000
450,003
4,042,506
691,699
152,331
462,021
260,884
1,187,993
302,433
186,923
525,000
303,602
1,750,002
150,020
156,674
463,683
153,000
337,779
25,967,781
1,362,192
202,500
7,602,421
315,000
4,006,510
3,636,964
134,250
150,100
150,000
150,000
552,346
1,337,002
149,330
138,611
225,000
1,166,668
203,930
1,860,278
290,182
160,110
510,000
510,053
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F008255
F008269
F008273
F008281
F008287
F008289
F008295
F008309
F008313
F008317
F008335
F008339
F008343
F008345
F008349
F008351
F008353
F008359
F008361
F008367
F008373
F008375
F008385
F008405
F008409
F008419
F008421
F008431
F008433
F008441
F008443
F008449
F008457
F008459
F008471
F008473
F008475
F008485
F008489
F008491
F008493
F008499
F008507
F008509
F008519
F008523
F008543
F008565
F008567
F008569
F008641
F008651
F008655
F008657
F008659
F008667
F008669
F008671
Description
Ophthalmology Endowment Fund
Londono Family Endowment
David E. and Margaret O'Connor Scholarship
Debbie DeSantis Endowment
Barbara Goldsby Memorial Fund
T. W. Andersen, M.D. and Haven Perkins, M.D. Educational Endowment
Addam Kellough Memorial Scholarship
Historic St. Augustine Gator Club® Academic Endowment
Rothman Family Endowment Fund
Babs Dalsheimer Faculty Endowment
Ocala Royal Dames Endowment for Cancer Research and Education
Jeffrey Keene Translational Diabetes Research Endowment
John W. and Mittie Collins Engineering Scholarship and Fellowship Fund
Wilson and Marie Collins Excellence Fund
Hugh and Mabel Wilford Scholarship Fund
Fern Audette Professorship in Equine Studies
Paul and Laura Dickert Excellence Fund
Pamphalon Professorship for Electronic Materials Fund
Colonel Allen R. and Margaret G. Crow Professorship in Chemistry
Sara Lavinia de Keni Scholarship
Dorothy M. Smith Chair
Samuel and Bessie R. Proctor Fund
Lawton Family Liver Research Fund
Dean's Enrichment Fund for Teaching and Research
James Weeks Professional Advancement Fund
A. F. Wentworth Fellowship in Forensic Medicine Fund
A. F. Wentworth Honors Scholarship
Paula Koch Professorship in Pediatric Critical Care
Michael J. Collins Endowment in Chemistry
School of Music Scholarship Endowment
Saliwanchik, Lloyd, and Saliwanchik Intellectual Property Fund
Evelyn Grader Craniofacial Center Endowment
Sara Lavinia de Keni Endowment
Rosalind Heilman Memorial Research Endowment Fund
Charles and Thelma Palmer Scholarship
Josephine B. Sirmyer Fellowship Fund for Occupational Therapy
Hill's Professorship in Oncology
American Diabetes Association Research Program Endowment for the Cure
Hugh W. Cunningham Professorship in Journalism Excellence
Latin Builders Association Scholarship for Ethical Development
Connie Mack Fund
Florida Fertilizer & Agrichemical Association Scholarship
Escambia County 4-H Fund
Alexander Grass Chair in Jewish Studies
Genevieve E. Spurga Endowment in Ophthalmology
Richard E. Nelson Chair in Local Government
Lastinger Archeology Endowment
Ralph Sias Scholarship Fund
William T. Phelps Scholarship
Ethel Smith Research Professorship
Helen Borer Boggs and Otis Boggs Sports Broadcasting Fund
Knight Chair in Journalism Technologies and the Democratic Process
Margaret A. Ross Fellowship
Margaret A. Ross Research Professorship
Stephen C. O'Connell Chair in the College of Law
Darden Restaurants Diversity and Business Ethics Speakers Series
Darden Restaurants Diversity Management Professorship
Darden Restaurants Diversity and Business Ethics Fellowship
Balance at
June 30, 2008
$
342,581
213,483
187,457
5,290,004
962,084
1,340,019
183,875
190,332
494,568
126,493
190,639
1,805,859
1,276,695
1,319,206
2,824,192
616,575
207,738
1,270,356
1,881,955
39,605
3,091,109
262,255
295,345
628,656
271,082
239,975
2,183,430
2,133,646
195,930
197,931
247,573
223,044
361,968
212,754
380,182
272,829
3,253,951
226,944
818,310
261,495
516,072
188,994
1,534,803
2,367,279
1,069,740
2,256,528
622,118
371,408
515,378
1,228,518
226,667
3,242,420
1,009,770
935,236
1,461,128
214,745
1,030,294
199,995
Corpus at
June 30, 2008
$
266,865
172,800
154,569
4,000,002
759,210
1,122,720
150,187
150,000
378,379
99,339
150,000
1,463,142
1,027,348
1,027,348
2,338,221
450,000
150,000
1,020,000
1,487,115
33,810
2,751,340
194,673
236,334
452,056
192,186
175,000
1,719,820
1,750,002
150,000
155,321
157,500
160,000
289,284
155,915
298,001
200,939
2,628,832
162,564
631,074
200,000
375,000
150,000
1,275,000
1,749,788
867,948
1,857,525
450,000
293,066
410,683
1,020,002
154,751
2,716,698
754,834
754,834
749,978
170,000
765,000
170,000
- 38 -
Contributed
Corpus
$
371,135
12,635
25
1,000
410
833
1,000
68,336
40,000
7,300
5,000
1,250
4,000
70,000
20,247
-
Investment
Income
$
(57,960)
(37,508)
(33,406)
(945,357)
(166,314)
(242,507)
(32,719)
(32,856)
(82,082)
(21,478)
(32,751)
(326,683)
(228,745)
(233,404)
(502,230)
(104,138)
(32,916)
(226,382)
(338,366)
(7,058)
(554,076)
(42,984)
(53,882)
(104,435)
(44,939)
(46,106)
(391,325)
(386,310)
(32,616)
(34,262)
(36,379)
(34,542)
(63,854)
(34,228)
(66,105)
(43,689)
(589,966)
(36,467)
(139,899)
(41,148)
(88,699)
(32,573)
(280,720)
(425,675)
(188,708)
(407,067)
(106,450)
(63,724)
(92,248)
(224,577)
(36,856)
(581,773)
(174,370)
(166,662)
(266,972)
(36,516)
(178,563)
(35,183)
Corpus
Transfers
Expenses
$
(31,000)
(10,000)
(6,497)
(390,404)
(29,000)
(25,463)
(4,001)
(10,000)
(4,025)
(2,875)
(72,315)
(40,500)
(9,726)
(100,000)
(25,000)
(44,029)
(50,000)
(1,373)
(13)
(30,021)
(10,000)
(400)
(12,000)
(1,708)
(30,500)
(84,842)
(8,000)
(40,000)
(5,000)
(7,664)
(6,500)
(200)
(60,000)
(30,308)
(25,581)
(22,000)
(10,000)
(11,000)
(53,753)
(110,000)
(57,000)
(104,750)
(25,000)
(8,500)
(506)
(43,675)
(1,800)
(105,526)
(32,414)
(28,700)
(34,243)
(3,500)
$
-
Balance at
June 30, 2009
Other
$
15,000
-
$
253,621
165,975
147,554
4,325,378
766,770
1,084,684
147,180
157,476
402,486
101,990
155,013
1,406,861
1,007,450
1,076,076
2,221,962
512,437
149,822
999,945
1,493,589
31,174
2,537,430
190,083
231,463
539,821
214,143
260,497
1,761,605
1,662,494
163,314
155,669
211,194
183,502
298,114
178,162
307,577
228,940
2,603,985
165,169
654,080
198,347
417,373
149,421
1,200,330
1,831,604
824,032
1,814,711
490,668
299,184
442,871
960,266
188,011
2,555,121
835,400
736,160
1,165,456
178,229
817,488
161,312
Corpus at
June 30, 2009
$
266,865
172,800
154,569
4,371,137
759,210
1,135,355
150,212
150,000
378,379
100,339
150,000
1,463,142
1,027,348
1,027,348
2,338,221
450,000
150,000
1,020,000
1,487,115
33,810
2,751,750
195,506
236,334
453,056
192,186
243,336
1,719,820
1,750,002
150,000
155,321
197,500
160,000
289,284
163,215
298,001
200,939
2,628,832
167,564
632,324
200,000
375,000
154,000
1,275,000
1,749,788
867,948
1,927,525
450,000
293,066
430,930
1,020,002
154,751
2,716,698
754,834
754,834
749,978
170,000
765,000
170,000
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F008679
F008691
F008723
F008725
F008727
F008729
F008737
F008739
F008747
F008761
F008793
F008799
F008801
F008803
F008819
F008821
F008823
F008827
F008829
F008833
F008837
F008869
F008879
F008913
F008927
F008953
F008959
F008963
F008965
F008967
F008969
F008973
F008989
F008991
F008995
F011007
F011013
F011023
F011025
F011037
F011049
F011059
F011069
F011071
F011073
F011077
F011079
F011081
F011083
F011091
F011101
F011107
F011131
F011137
F011139
F011141
F011143
F011145
F011157
Description
Debbie and Sylvia DeSantis Term Professorship in Natural Products
SantaFe HealthCare Alzheimer's Disease Research Center Endowment
Harry F. Goodmark Scholarship Fund
Francis Heide Memorial Scholarship Fund
Harold S. Heide Memorial Scholarship Fund
Theodore H. Heide Memorial Scholarship Fund
Jack D. and Betty J. Lampros Graduate Fellowship and Lectureship Fund
Jack C. Massey Professorship Fund
Martha M. Hall Scholarship Fund
John V. Lombardi Scholarship Program Fund
Gerald T. Bennett Prosecutor/Public Defender Training Program
Paul and Polly Doughty Research Endowment
Dow Chemical Graduate Fellowship in Materials Science and Engineering
Lincoln and Lillian Hall Fellowship in Memory of Albert G. Hall
George A. Smathers Libraries Fund
Ivan H. Smith Visiting Professorship in Architecture
Muriel Rumsey Foundation Endowment
James Gamble Rogers/RLF, Inc. Memorial Fellowship
Barry C. Scott, M.D. Research Endowment Fund
David M. and Ann C. Hicks Endowment
John Thomas LaRue McGinty Endowment
Leighton E. Cluff Award for Aging Research
CVS/pharmacy Endowment
Florida Rural Rehabilitation Corporation 4-H Scholarship
Frank E. Kinsey, Jr. Excellence Fund in Historic Preservation
Florida Sea Grant Endowment
Jared and Joshua Piotrkowski and Esther Ragosin Endowment
Thomas H. Maren Medical Student Reading Room Endowment
Cammie Greene Ross Scholarship
Alfred A. McKethan Professorship in Arthritis Research
Alfred A. McKethan Scholarship
Arnold J. "Red" Morway Memorial Graduate Fellowship
Lauren and Jordan Goodrich Endowment
Joseph and Lillian A. Damon Scholarship
Arthur Blenn Anderson Scholarship Endowment
Info Tech Annual Statistics Winter Workshop Fund
Emil and Charlotte Gross Endowment
V. T. and Louise Jackson Chemistry Endowment
Denzil W. Falls Medical Research Endowment
Mary Lee and Paul M. Pope, Jr. Excellence Endowment
Powell Center for Construction and the Environment
Michael and Linda Connelly Professional Advancement Fund
Shaler Richardson Professorship in Ophthalmic Services #1
Shaler Richardson Professorship in Ophthalmic Services #2
Eblen Research Endowment
Sherwood L. Stokes-Professor James W. Day Scholarships
Sherwood L. Stokes-Professor Clarence J. TeSelle Scholarships
Sherwood L. Stokes-General Practitioner Scholarships
Sherwood L. Stokes-Environmental and Water Quality Scholarships
William L. and Agnes F. Brown Endowment
Ruth and Gerry Hartman Scholarship
Irving and Rose Fien Reading Fellowship
Eugene Chester Terzenbach Memorial Scholarship
Eleanor Roberts Public Television Excellence Fund
Lawrence M. Goodman Scholarship Fund
CVS/Pharmacy, Inc. Professorship
Prairieview Trust Endowment
Prairieview Trust Professorship
Stephany W. Holloway University Chair in AIDS Research
Balance at
June 30, 2008
$
2,186,761
3,717,113
192,266
92,498
92,498
92,498
315,237
456,151
674,792
4,605,944
233,771
158,115
366,053
102,380
2,313,380
1,941,905
217,679
173,991
124,262
194,020
1,646,138
166,676
202,960
194,858
431,424
1,920,367
177,113
620,000
552,876
655,658
5,379,158
187,782
179,615
614,641
1,967,637
174,130
258,884
2,444,230
385,243
255,387
1,222,017
199,140
1,453,346
1,451,162
2,294,919
324,755
322,255
327,255
334,042
197,086
214,793
217,528
661,611
656,020
8,522,050
382,854
475,394
1,615,910
5,001,413
Corpus at
June 30, 2008
$
1,750,002
2,705,002
150,312
75,000
75,000
75,000
245,000
375,000
489,295
3,696,278
217,942
121,381
300,000
90,000
1,775,987
1,469,088
181,136
150,000
100,520
153,937
776,037
122,653
150,130
151,000
350,000
1,500,000
150,000
551,000
418,985
456,994
4,118,955
149,449
150,000
450,000
1,512,161
150,000
246,167
1,750,002
283,446
197,632
1,013,278
175,000
758,298
758,298
1,048,644
220,860
220,860
220,860
220,859
150,000
150,000
150,000
463,272
437,025
6,264,697
300,000
327,372
1,056,512
3,139,206
- 39 -
Contributed
Corpus
$
20,000
125,400
58
10,000
10
13,044
16,132
270
500
131,798
25,000
100
1,840
-
Investment
Income
$
(392,991)
(660,405)
(32,680)
(16,308)
(16,308)
(16,308)
(54,202)
(82,633)
(113,941)
(839,909)
(50,610)
(28,589)
(65,232)
(18,157)
(410,362)
(348,137)
(37,697)
(31,482)
(22,728)
(33,474)
(289,938)
(28,265)
(32,647)
(35,315)
(79,271)
(346,643)
(32,450)
(113,443)
(97,973)
(110,868)
(975,557)
(33,464)
(32,362)
(109,531)
(355,288)
(31,674)
(46,630)
(434,044)
(64,873)
(46,210)
(225,773)
(34,161)
(265,288)
(265,288)
(411,213)
(54,758)
(54,758)
(54,758)
(54,758)
(35,075)
(37,228)
(37,946)
(117,194)
(110,555)
(1,535,743)
(70,025)
(82,348)
(282,249)
(908,809)
Corpus
Transfers
Expenses
$
(100,000)
(2,000)
(3,000)
(3,000)
(3,000)
(19,032)
(16,950)
(134,888)
(3,135)
(5,801)
(12,687)
(2,301)
(40,530)
(105,000)
(15,907)
(3,000)
(73,917)
(1,900)
(16,132)
(7,106)
(13,198)
(38,000)
(19,507)
(20,000)
(195,720)
(5,898)
(21,303)
(84,800)
(4,106)
(13)
(38,599)
(43,421)
(9,275)
(53,714)
(51,531)
(60,003)
(10,000)
(2,500)
(7,500)
(12,800)
(10,100)
(25,400)
(20,885)
(340,046)
(13,400)
-
$
-
Balance at
June 30, 2009
Other
$
2
2,050
5,035
-
$
1,793,770
2,956,708
157,586
73,190
73,190
73,190
262,003
356,568
560,851
3,631,147
305,426
123,785
288,134
93,972
1,862,498
1,488,768
177,119
139,509
101,534
160,546
1,282,283
136,511
170,313
152,437
338,955
1,535,724
144,663
487,320
434,903
544,790
4,207,881
154,318
141,355
483,807
1,527,549
138,350
212,741
1,971,587
320,370
209,177
1,089,656
180,704
1,134,344
1,134,343
1,823,803
259,997
264,997
264,997
279,284
162,011
164,765
169,482
519,017
524,580
6,648,101
299,429
393,046
1,333,661
4,092,604
Corpus at
June 30, 2009
$
1,750,002
2,705,002
150,312
75,000
75,000
75,000
265,000
375,000
489,295
3,696,278
343,342
121,439
300,000
100,000
1,775,997
1,469,088
194,180
150,000
100,520
153,937
776,037
122,653
166,262
151,000
350,000
1,500,000
150,000
551,270
418,985
456,994
4,118,955
149,449
150,000
450,000
1,512,161
150,000
246,667
1,750,002
283,446
197,632
1,145,076
200,000
758,298
758,298
1,048,744
220,860
220,860
220,860
220,859
150,000
150,000
150,000
463,272
437,025
6,266,537
300,000
327,372
1,056,512
3,139,206
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F011177
F011183
F011187
F011189
F011191
F011201
F011223
F011227
F011253
F011269
F011273
F011289
F011313
F011317
F011337
F011349
F011371
F011375
F011395
F011399
F011409
F011413
F011429
F011449
F011459
F011507
F011517
F011565
F011575
F011591
F011605
F011609
F011621
F011627
F011633
F011637
F011673
F011675
F011701
F011709
F011717
F011719
F011721
F011731
F011733
F011735
F011737
F011739
F011741
F011755
F011759
F011761
F011779
F011781
F011791
F011807
Description
Dentistry General Endowment
Oslo Riverfront Conservation Area Environmental Education Fund
McGuire Institute for Biodiversity and the Environment Fund
Don D. and Ruth S. Eckis Professorship in Electrical and Computer Engineering
Nancy A. Fackler Endowment for Brain Research
Blue Cross and Blue Shield of Florida Chair
Dr. Madelyn M. Lockhart Book Fund in African Studies
Office Depot, Inc. Retail Symposium
Edwin Edward Domaschk Fund
Joseph and Lillian A. Damon Scholarship II
Courtelis International Student Awards
James W. Van Horn Music Fund
Gayle L. Eschmann Fellowship in Psychiatry
Gus H. Hancock, Jr. Endowment Fund
Health Care for All Education Fund
Bill and Patti Alcorn Scholarship Endowment
Professor Emeritus, Dr. Harold R. Stanley Oral Pathology Endowment Fund
Robert E. and Roselee S. Wheeler Professorship of Medicine
Leta Gertrude Thibert Nursing Scholarship
Wayne Densch Epilepsy Research Endowment II
Deb Richard Foundation Scholarship
Robert and Margaret Rothman Endowed Chair in the Humanities
Hobe and Gertrude Hooser Scholarship Fund
Barbara C. Joslin Scholarship
Richard and Velia Parrino Graduate Student Endowment
Robert H. Hux, M.D. Professorship of Surgery
Mary Ellen Burnett Endowment Scholarship in Loving Memory of George H. Burnett
L. Gale Lemerand Scholarship Fund
Everett L. Holden and Marian G. Holden Memorial Scholarship Endowment
Intel/Charles E. Young Endowed Chair in Electrical and Computer Engineering
Russ and Carol Blaser Memorial Scholarship
UF Shands Cancer Center Endowment
Sylvia T. McKenney Scholarship/Fellowship Fund
Dixie V. Bayer Nursing Excellence Fund
Larry A. Webb and Jean V. Webb Carillon Fund
Dr. Suzanne M. Wester, M.D. Scholarship
Florence W. Ruebush Endowment
Todd C. Prosser Memorial Scholarship
B. J. and Eve Wilder Center for Excellence in Epilepsy Research
Packaging Education Forum Endowment
UF 150th Anniversary Cultural Plaza Endowment-FMNH
UF 150th Anniversary Cultural Plaza Endowment-Harn
UF 150th Anniversary Cultural Plaza Endowment-UF Performing Arts
Brightest Students to Faculty
Iva and Norman Tuckett Scholarship/Fellowship Fund
Vada Allen Yeomans Professorship
Vada Allen Yeomans Fellowship Fund
Lee C. Yeomans Fisheries and Aquatic Sciences Fellowship Fund
Calvin Yeomans Special Collections Enrichment Fund
Fisher School Enhancement Fund
Straughn 4-H Faculty Fellowship
Melvin Greer, M.D. Professor of Neurology
McClatchy Professorship in Freedom of Information
Elizabeth B. and William F. Poe, Sr. Business Ethics Education and Research Center
Pamela Cahoon Fitch Research Endowment for Brain Aneurysms
Ruth L. Pugsley Memorial Fund
Balance at
June 30, 2008
$
827,068
613,255
420,290
1,818,530
712,861
4,648,918
76,394
2,407,672
118,456
429,888
186,992
272,654
53,652
756,077
433,906
117,855
229,363
2,087,623
340,848
738,254
839,665
3,225,157
884,447
236,736
134,995
1,376,096
59,209
2,759,045
507,552
5,377,667
160,453
277,788
322,193
2,080,491
678,178
144,962
194,831
83,270
5,399,819
188,086
656,246
637,331
641,006
566,600
2,687,119
916,180
461,753
1,402,664
715,868
429,130
203,644
2,395,541
1,247,483
2,853,311
141,344
1,652,314
Corpus at
June 30, 2008
$
664,836
411,245
300,000
710,146
524,821
3,590,279
60,150
1,750,002
100,000
309,922
138,766
186,932
40,000
543,641
350,200
101,028
151,465
1,615,656
237,761
583,334
588,708
2,827,706
650,394
164,898
110,867
1,020,000
50,000
2,183,211
372,462
4,000,002
150,150
227,037
252,527
1,566,289
506,823
125,000
150,000
73,295
4,291,947
150,000
506,668
506,668
507,153
560,719
2,029,713
719,841
359,949
1,079,761
554,763
331,690
150,000
1,921,282
1,025,000
2,500,000
100,100
1,289,645
- 40 -
Contributed
Corpus
$
27,490
80,100
165,000
7,544
15,000
1,495
17,293
25,000
17,250
2,807
-
Investment
Income
$
(148,584)
(104,373)
(75,891)
(306,434)
(121,913)
(837,071)
(14,463)
(439,667)
(21,308)
(76,608)
(31,502)
(47,288)
(2,350)
(136,345)
(75,099)
(21,472)
(39,054)
(373,866)
(58,980)
(128,031)
(145,160)
(584,448)
(157,635)
(41,698)
(24,153)
(244,482)
(10,280)
(500,038)
(88,411)
(964,246)
(29,313)
(50,792)
(57,382)
(370,059)
(115,649)
(24,922)
(34,085)
(14,875)
(985,125)
(34,085)
(116,038)
(116,038)
(116,142)
(105,739)
(479,143)
(154,119)
(76,894)
(236,105)
(111,300)
(73,411)
(34,936)
(430,863)
(220,976)
(518,621)
(23,666)
(294,448)
Corpus
Transfers
Expenses
$
(882)
(5,000)
(15,100)
(29)
(5,567)
(78,563)
(14,900)
(10,000)
(4,508)
(5,000)
(2,500)
(22,000)
(20,189)
(4,300)
(45,000)
(33,000)
(61,656)
(30,528)
(8,000)
(3,000)
(27,500)
(3,875)
(75,459)
(2,000)
(7,699)
(17,000)
(5,532)
(3,575)
(5,574)
(2,931)
(130,025)
(349)
(20,000)
(28,000)
(51,683)
(42)
(125)
(125)
(40,000)
(4,000)
(105,070)
(114,725)
(14,337)
(57,268)
$
-
Balance at
June 30, 2009
Other
$
1,175
110
1,000
2,000
4,714
-
$
705,092
503,882
329,299
1,512,096
592,094
3,811,847
136,464
1,889,552
97,148
338,380
145,490
225,366
211,794
614,732
358,807
93,883
168,309
1,701,112
277,568
565,223
661,505
2,579,053
696,284
187,038
107,842
1,104,114
60,054
2,183,548
419,141
4,413,421
129,140
220,792
247,811
1,710,432
574,290
141,465
155,172
82,714
4,285,669
155,652
540,208
501,293
496,864
460,861
2,207,976
710,378
384,817
1,166,434
609,157
315,719
164,708
1,862,415
1,026,507
2,219,965
103,341
1,300,598
Corpus at
June 30, 2009
$
692,326
411,245
300,000
710,146
524,821
3,590,279
140,250
1,750,002
100,000
309,922
138,766
186,932
205,000
543,641
350,200
101,028
151,465
1,623,200
237,761
583,334
588,708
2,827,706
650,394
164,898
110,867
1,020,000
65,000
2,183,211
372,462
4,000,002
150,150
228,532
252,527
1,566,289
524,116
150,000
150,000
90,545
4,291,947
150,000
506,668
506,668
507,153
560,719
2,029,713
719,841
359,949
1,079,761
554,763
331,690
150,000
1,924,089
1,025,000
2,500,000
100,100
1,289,645
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F011815
F011817
F011821
F011825
F011827
F011865
F011885
F011891
F011893
F011897
F011899
F011915
F011923
F011925
F011945
F011961
F011969
F012001
F012003
F012005
F012055
F012063
F012079
F012083
F012085
F012087
F012089
F012095
F012099
F012101
F012103
F012107
F012129
F012135
F012137
F012139
F012141
F012143
F012145
F012155
F012181
F012189
F012203
F012219
F012283
F012285
F012291
F012295
F012297
F012301
F012303
F012347
F012357
F012363
F012375
Description
William F. Parma Fund for Excellence
Keira Grace Lauzardo Fund for Children's Cancer: Hope Across Borders
Betty C. Stevens Endowment
Joseph A. DiPietro Horse Farm Hundred Scholarship
Henry and Eugenia Graham Professional Development Fund for Science/Health Communication
Bond Foundation, Inc. Fund
Allyn Lepidoptera Endowment
Carol B. Currier Scholarship Fund
Lewis "Lukie" Ansbacher Memorial Scholarship
Carl Mercer Dow Fellowship Fund in Chemical Engineering
Carl Mercer Dow Alumni Fellowship Fund in Chemistry
Robert L. Richardson Endowment Fund
Ruth Hay and Hans Schrader Astronomy Scholarship/Fellowship Fund
Ruth Hay and Hans Schrader Nursing Scholarship/Fellowship Fund
Dr. Elizabeth M. Eddy Endowment
Adelaide Lackner Professorship in Medicine
FLMNH Exhibit Maintenance Endowment
Bernard F. Masseria Scholarship/Fellowship Fund
Larry R. Arrington Extension Internship Endowment
David H. Levin Chair in Family Law
Ben Franklin Ethics Fund
Marion C. and Virginia T. Roche Faculty Excellence Fund
Franklin P. Flowers Endowed Research Fund
Colonel Allen R. and Margaret G. Crow Term Professorship in Chemistry
Colonel Allen R. and Margaret G. Crow Chemistry Fund for Library Resources
Colonel Allen R. and Margaret G. Crow Undergraduate Scholarship and Graduate Fellowship in
Colonel Allen R. and Margaret G. Crow Term Professorship in Liberal Arts and Sciences
Richard R. Streiff Endowed Research Fund
Central Florida Gator Club® Faculty Support Fund
Attorneys' Title Insurance Fund Instructional Endowment
Fogler Family Endowment
Dannheisser Endowment
Mary Jelks Irwin Cancer Research Fund
William P. Bushnell Endowment for Structural Engineering
William P. Bushnell Endowment for Academic Excellence
William P. Bushnell President's Excellence Fund
Bill and Bryon Bushnell Graduate Fellowship in Civil Engineering
Bedford Endowment
Margaret J. Early Program Endowment
James and Barbara Mondello Cancer Center Research Fund
Todd C. Prosser Memorial and Ted C. Prosser, III Book Endowment in Florida History
Gene K. Glasser and Elaine Glasser Fund
Phyllis Kottler Friedman Professorship
Marion Harlow Gerber Fund
George W. and Lisa O. Etheridge Professorship
John H. and Mary Lou Dasburg Professorship
Franklin L. DeBusk Endowed Lectureship
Language and Literacy Fund
Folke Peterson Trust Endowment
Steven E. Bernstein Real Estate Scholarship Fund
Ralph H. and Alice J. Sharpe Fellowship Fund
Folke Peterson Endowment
Elizabeth Wood Dunlevie Honors Term Professorship Endowment
Dean's Professorship in Engineering
Richard H. Simons Charitable Trust Faculty Professional Development Fund
Balance at
June 30, 2008
$
3,529,975
206,328
203,523
248,494
297,596
121,585
389,635
242,765
154,878
211,550
105,391
318,026
436,801
445,076
1,544,494
1,483,831
189,098
951,364
119,273
2,678,906
178,420
188,748
196,858
217,238
231,838
220,521
1,134,714
132,984
90,676
368,845
299,815
122,295
269,263
1,757,435
1,419,138
1,988,920
231,062
606,519
332,659
1,614,251
42,938
105,025
418,467
248,602
1,102,907
3,565,129
116,646
131,419
4,230,468
83,574
159,606
4,164,730
644,100
1,107,170
87,360
Corpus at
June 30, 2008
$
2,953,269
154,810
150,000
212,589
251,000
100,000
300,000
189,854
119,831
166,827
79,613
268,165
350,705
350,605
1,284,194
1,152,328
150,000
779,538
100,000
1,937,180
145,603
151,240
151,903
180,000
180,000
180,000
900,000
100,918
80,000
300,000
275,000
100,000
221,019
1,416,866
1,105,988
1,339,754
184,025
450,000
225,000
1,342,370
40,000
92,991
361,925
198,521
896,769
2,950,001
102,279
100,000
3,623,652
75,000
121,459
3,623,652
600,000
1,025,000
80,000
- 41 -
Contributed
Corpus
$
14,678
50,500
1,000
530,357
20,000
50,000
10,000
23,700
24,750
200,000
1,850
25,000
120,000
205,000
20,000
Investment
Income
$
(636,973)
(35,406)
(34,409)
(44,185)
(50,105)
(21,342)
(69,574)
(42,009)
(26,946)
(38,343)
(17,873)
(56,038)
(78,064)
(78,042)
(274,864)
(264,511)
(33,191)
(172,421)
(20,722)
(461,415)
(32,204)
(33,490)
(33,848)
(39,731)
(39,731)
(39,731)
(200,299)
(22,865)
(15,276)
(66,848)
(52,026)
(21,226)
(49,249)
(315,317)
(250,340)
(354,502)
(40,447)
(102,165)
(49,192)
(292,560)
(7,757)
(17,261)
(71,500)
(43,411)
(193,572)
(646,009)
(20,954)
(22,520)
(748,773)
(13,921)
(27,351)
(744,208)
(108,195)
(184,834)
(14,247)
Corpus
Transfers
Expenses
$
(50,008)
(4,403)
(1,263)
(6,750)
(4,000)
(4,025)
(3,844)
(3,750)
(19,315)
(4,472)
(66,000)
(3,000)
(26,020)
(74,459)
(6,831)
(4,500)
(4,010)
(16,000)
(1,250)
(6,000)
(7,452)
(50,000)
(4,031)
(5,000)
(58,000)
(51,000)
(70,736)
(250)
(5,305)
(1,036)
(2,000)
(222,000)
(3,054)
(205,000)
(1,625)
(153,298)
(10,000)
(5,125)
(500)
$
(11,724)
-
Balance at
June 30, 2009
Other
$
323
10,000
20
4,500
1,326
-
$
2,843,317
170,922
169,114
214,584
296,728
103,493
316,061
200,756
124,907
169,363
87,518
258,238
339,422
362,562
1,269,630
1,153,320
152,907
752,923
98,551
2,673,389
139,385
150,758
163,010
173,497
192,107
180,790
934,415
110,119
95,400
285,997
296,539
95,069
212,582
1,392,118
1,164,767
1,634,418
185,615
446,354
232,467
1,250,955
44,931
110,659
360,283
203,191
909,335
2,897,120
94,488
108,899
3,276,695
93,028
132,255
3,267,224
645,905
1,122,211
92,613
Corpus at
June 30, 2009
$
2,953,269
154,810
150,000
227,267
301,500
100,000
300,000
189,854
120,831
166,827
79,613
268,165
350,705
350,605
1,284,194
1,152,328
150,000
779,538
100,000
2,467,537
145,603
151,240
151,903
180,000
180,000
180,000
900,000
100,918
100,000
300,000
325,000
100,000
221,019
1,416,866
1,105,988
1,339,754
184,025
450,000
225,000
1,342,370
50,000
116,691
374,951
198,521
896,769
3,150,001
104,129
100,000
3,623,652
100,000
121,459
3,623,652
720,000
1,230,000
100,000
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F012387
F012401
F012415
F012437
F012455
F012459
F012469
F012471
F012481
F012483
F012491
F012493
F012513
F012543
F012551
F012553
F012571
F012573
F012575
F012635
F012641
F012643
F012647
F012653
F012671
F012681
F012683
F012691
F012693
F012701
F012703
F012705
F012707
F012713
F012715
F012717
F012723
F012727
F012735
F012749
F012761
F012773
F012775
F012785
F012789
F012803
F012809
F012811
F012823
F012859
F012883
Description
Ruth P. Phillips Art Acquisition Endowment
Blanche J. Salisbury Diabetes Research Fund
Arthur C. and Edna J. Tebbutt Alzheimer's Endowed Research Fund
Richard L. Jones Outstanding New Faculty Research Fund
Harry and Edith H. LaFontaine Fund
Cynthia A. Melnick Endowment
Charles H. and Wanda N. Denny Education Endowment
Calder Race Course Equine Research Fund
Oscar Araujo Alumni Scholarship Endowment
LaFontaine Endowment for IFAS
Susan O. Rasmussen Scholarship Fund
Dallas Townsend Term Professorship
Cofrin Curator of Asian Art Endowment
Dr. Allen Spiegel Graduate Endowment in Pharmaceutical Research
Raymond Ehrlich Eminent Scholar Chair in Political Science in Memory of Ben and Esther Ehrlich
Raymond & Miriam Ehrlich Chair in U.S. Constitutional Law in Memory of Ben & Esther Ehrlich
L. E. "Red" Larson Professorship and Graduate Fellowship in Animal Sciences
L. E. "Red" Larson 4-H Endowment
L. E. "Red" Larson Dairy Endowment
Mary Ellen Burnett Endowment for Works on Animals
Dr. William and Joan Mendenhall Book Fund in Florida History
William and Joan Mendenhall Professorship in Radiation Oncology
Rinker Scholar Endowment
School of Building Construction 70th Anniversary Faculty Support
John B. and Emily J. Higdon Fellowship Fund
Pepsi Bottling Group Faculty Enhancement Endowment
Jean and Bayard Bidwell Endowed Scholarship
Charles R. Perry Craft Awareness Endowment
John and Terry Appel Management Communications Program Fund
Steven Sablotsky Endowment
Dewey and Lynn Burnsed Endowment in Law
Dewey and Lynn Burnsed Endowment in IFAS
John Early Publications Endowment
Laura and Kenneth Berns Docent Program Endowment
Kenneth and Laura Berns Genetics Institute Endowment
Paul J. DiMare Foundation Term Professorship
R. Glenn Davis, M.D., Dialysis Clinic, Inc. Professor of Nephrology
Thoracic and Cardiovascular Surgery Excellence Fund
Richard P. Donnellan Real Estate Graduate Scholarship
Bruce and Barbara Manne Faculty Endowment
City Furniture Professorship
Lewis H. Kent Geomatics Endowment
Wen-Hsiang Chai Scholarship Fund
Dr. Joan Joesting-Mahoney Endowment
Charles R. Perry Endowed Professorship
Lealand L. Lovering Scholarship Fund
J. Crayton Pruitt Family Chair in Biomedical Engineering
J. Crayton Pruitt Family Biomedical Engineering Excellence Fund
McCurdy Perinatal Endowed Research Fund
Iona M. Pettengill Graduate Fellowship in Public and Community Outreach Nursing
American Heart Association Academic Support Endowment
Balance at
June 30, 2008
$
484,573
549,900
1,856,064
123,851
2,470,805
179,137
151,041
109,607
213,336
822,402
602,547
204,424
2,766,534
707,680
2,330,852
2,354,590
2,359,683
399,025
612,976
43,474
115,375
737,145
777,322
502,502
1,230,025
1,430,606
849,608
906,541
189,619
431,690
383,954
773,905
169,719
165,676
114,920
2,298,475
2,205,814
117,375
171,719
80,063
449,289
170,226
253,261
85,516
1,907,825
205,399
2,466,107
19,900,319
64,717
160,125
397,004
Corpus at
June 30, 2008
$
402,567
469,910
1,577,585
99,735
2,243,643
154,351
141,139
100,000
189,031
747,880
515,506
172,588
2,588,363
665,002
2,024,402
2,024,402
2,050,002
360,000
540,000
40,259
100,000
600,000
720,000
469,026
1,122,781
1,275,000
751,000
845,250
165,250
392,804
340,034
680,066
150,000
151,757
106,423
2,000,002
2,000,002
100,000
150,000
75,000
420,000
150,006
221,220
80,000
1,750,000
191,475
2,000,000
18,000,010
60,000
150,000
150,000
- 42 -
Contributed
Corpus
$
459
25,000
5,080
167,000
100,000
10,000
180,000
101,235
1,500
2,000
28,031
10,000
20,000
20,000
50,000
-
Investment
Income
$
(84,607)
(98,749)
(332,194)
(21,212)
(453,364)
(32,189)
(27,184)
(19,722)
(37,622)
(151,121)
(107,510)
(36,255)
(501,106)
(120,796)
(418,544)
(424,409)
(423,294)
(72,318)
(108,476)
(7,828)
(20,560)
(126,106)
(130,852)
(91,466)
(220,658)
(256,587)
(151,670)
(165,934)
(33,445)
(79,021)
(68,425)
(136,849)
(30,309)
(30,257)
(20,461)
(405,011)
(403,002)
(20,560)
(30,309)
(13,430)
(80,830)
(30,310)
(44,702)
(14,662)
(343,261)
(37,432)
(451,059)
(3,420,805)
(10,845)
(26,861)
(71,891)
Corpus
Transfers
Expenses
$
(25,909)
(11)
(6,000)
(60,000)
(5,000)
(625)
(14,359)
(24,858)
(19,500)
(8,030)
(99,000)
(4,175)
(128,287)
(100,000)
(12,800)
(14,551)
(10,000)
(2,096)
(3,000)
(65,000)
(2,557)
(8,038)
(31,900)
(500)
(7,570)
(3,000)
(6,000)
(3,500)
(50)
(60,000)
(5,000)
(4,000)
(3,656)
(250)
(4,500)
(11,108)
(500)
(95,000)
(2,000)
(68,068)
(658,403)
(500)
(4,750)
-
$
(2,000,000)
-
Balance at
June 30, 2009
Other
$
8,000
20,000
1,646
-
$
399,966
425,242
1,524,318
96,639
1,957,441
146,948
118,857
114,260
174,435
646,423
475,537
160,139
2,166,428
749,709
1,784,021
1,930,181
1,923,589
312,156
494,500
43,550
91,815
611,039
781,470
509,714
1,009,367
1,174,019
691,400
710,353
155,674
345,099
312,529
637,056
133,410
131,919
96,409
1,833,464
1,802,812
91,815
137,410
91,008
378,209
135,416
197,451
90,354
1,469,564
165,967
1,946,980
13,821,111
73,372
178,514
325,113
Corpus at
June 30, 2009
$
402,567
469,910
1,578,044
99,735
2,243,643
154,351
141,139
125,000
194,111
747,880
515,506
172,588
2,588,363
832,002
2,024,402
2,124,402
2,050,002
360,000
540,000
50,259
100,000
600,000
900,000
570,261
1,122,781
1,275,000
752,500
845,250
165,250
392,804
340,034
680,066
150,000
151,757
108,423
2,000,002
2,000,002
100,000
150,000
103,031
430,000
150,006
221,220
100,000
1,750,000
191,475
2,000,000
16,000,010
80,000
200,000
150,000
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F012917
F012919
F012929
F012949
F012955
F012999
F013043
F013085
F013111
F013121
F013127
F013133
F013135
F013139
F013179
F013195
F013201
F013233
F013235
F013237
F013253
F013321
F013333
F013349
F013369
F013371
F013377
F013391
F013397
F013401
F013455
F013461
F013489
F013507
F013513
F013517
F013529
F013531
F013533
F013553
F013559
F013587
F013595
F013609
F013611
F013615
F013621
Description
C. Addison Pound, Sr. and Annie Cannon Pound Scholarship in Business Administration
Ron and Vicki Canakaris Finance Endowment Fund
Herbert A. and Marjorie G. Laitinen Chemistry Scholarship Fund
Progress Energy-UF Water Institute Endowment
Preston A. Wells, Jr. Endowment
Nadia Venable Hall Scholarship Fund
North Florida Doctoral Consortium
C. M. Overstreet Retinal Eye Disease Research Fund
Mark A. and Dorothy H. Ahrano Excellence Fund
Stop! Children's Cancer/Bonnie R. Freeman Professorship for Pediatric Oncology Research
Joseph Jay Deiss Memorial Scholarship or Fellowship for Summer Studies in Rome
Enneking Endowment for the Advancement of Orthopaedics
Florida Association of County Agricultural Agents Educational Scholarship Fund
Stephen M. Varosi Memorial Scholarship/Fellowship in Electrical and Computer Engineering
Robert H. Gidel Alliance Endowment
Supply Chain Management Center Fund
Gene A. and Dr. Richard E. Garrett Endowment for Physics Education
Cancer/Proton Therapy Research
Cardiology Research Fund
Ken and Linda McGurn Dean's Fund
Bonni G. Tischler Endowment for Student Leadership and Professional Advancement
LCA College Enhancement Fund
Wilton R. Miller Family Excellence Scholarship
J. Donald and Jayne B. Butterworth Fund
Thomas H. Maren, M.D. Eminent Chair in Pharmacology and Therapeutics
Thomas H. Maren, M.D. Junior Investigators Research Fund
Robert F. and Patricia J. Lanzillotti Family Fund
Harold Walton and Margaret Harn Goforth Endowment
Philip A. Decker GatorNest Endowment
Carl Loop Legislative Internship Endowment
Robert B. Primack Social Foundations of Education Fellowship
Allen L. Poucher Legal Education Series Fund
Edward Downey Academic Endowment for Trusts, Estates and Fiduciary Representation
Edmund William Burbach, Sr. and Marianne Schumacher Burbach Scholarship Fund
Robert B. Cole Health Law Endowment
Jon L. and Beverly Thompson Research Endowment to support the Regeneration Project
Environmental Horticulture Turfgrass Scholarship
Boyd Family Endowment
National Foliage Foundation Graduate Assistantship
William R. Hough Endowment
Fred C. and Helen Donn Flipse Endowment
Donald R. Dizney Chair in Addiction Medicine
Dr. Paul Tarrant Faculty Fellowship
Barbara and Reed Toomey Endowment in Invertebrate Paleontology
Barbara and Reed Toomey Endowment in Vertebrate Paleontology
Nathan S. Collier Masters in Real Estate Program Fund
Lowe Family Professorship in Pediatric Immunology and Allergies
Balance at
June 30, 2008
$
1,234,887
166,386
362,370
886,052
3,618,889
355,828
704,685
6,312,129
621,179
1,859,657
220,046
231,231
169,910
138,698
190,617
406,317
225,687
157,522
164,435
1,043,505
169,243
1,063,167
202,776
1,064,114
3,334,876
2,792,062
302,904
237,321
158,091
168,657
153,543
307,491
160,007
100,871
204,254
2,571,415
156,246
104,997
538,110
16,222,646
219,816
2,033,054
251,623
223,947
103,168
369,643
676,476
Corpus at
June 30, 2008
$
1,134,378
150,000
329,358
840,000
3,500,196
321,446
600,000
6,000,000
600,000
1,750,002
207,360
220,122
154,950
120,310
150,491
376,225
206,256
140,313
142,313
1,000,001
161,288
1,020,000
200,000
1,023,500
3,000,000
2,706,925
286,500
228,802
150,000
162,850
150,285
300,000
156,142
100,250
194,542
2,550,777
150,000
100,001
525,000
16,050,705
214,511
2,025,001
250,000
223,000
100,000
374,994
481,410
- 43 -
Contributed
Corpus
$
240,000
79,600
448
4,750
50,000
1,000
500
130,000
150
99,883
50,000
276
52,933
249,996
54
Investment
Income
$
(224,049)
(29,906)
(65,664)
(161,416)
(666,325)
(64,012)
(124,369)
(1,165,925)
(98,919)
(342,755)
(40,366)
(39,617)
(30,711)
(24,472)
(34,842)
(74,568)
(40,841)
(27,636)
(28,514)
(190,655)
(30,852)
(194,041)
(37,004)
(195,092)
(601,996)
(513,342)
(50,635)
(43,782)
(28,717)
(30,870)
(28,271)
(52,250)
(29,371)
(16,395)
(36,942)
(471,517)
(28,217)
(18,993)
(98,761)
(3,006,465)
(40,345)
(376,964)
(46,572)
(18,012)
(18,993)
(68,256)
(91,438)
Corpus
Transfers
Expenses
$
(16,500)
(4,300)
(4,000)
(6,000)
(102,111)
(9,017)
(18,700)
(158,003)
(36,628)
(2,206)
(5,011)
(2,619)
(3,810)
(200)
(1,263)
(9,241)
(23,485)
(13)
(17,789)
(3,659)
(6)
(6,250)
(4,500)
(4,642)
(2,504)
(2,505)
(2,250)
(7)
(264,000)
(129)
(2,964)
(11,965)
(8,852)
$
3,333
-
Balance at
June 30, 2009
Other
$
4,438
500
250
2,500
1,000
-
$
994,338
132,180
292,706
958,636
2,854,891
282,799
561,616
4,988,201
522,260
1,480,274
179,680
272,341
134,636
116,357
155,775
327,939
184,646
179,123
127,680
829,365
138,878
851,337
162,113
869,022
2,732,880
2,278,964
376,019
189,039
127,232
135,433
125,272
352,619
130,636
132,226
167,581
2,099,898
128,029
86,004
439,349
12,952,181
179,471
1,656,090
205,051
259,739
81,211
539,418
576,240
Corpus at
June 30, 2009
$
1,134,378
150,000
329,358
1,080,000
3,500,196
321,446
600,000
6,000,000
600,000
1,750,002
207,360
303,055
155,398
125,060
150,491
376,225
206,256
190,313
143,313
1,000,001
161,788
1,020,000
200,000
1,023,500
3,000,000
2,706,925
416,500
228,802
150,000
163,000
150,285
399,883
156,142
150,250
194,818
2,550,777
150,000
100,001
525,000
16,050,705
214,511
2,025,001
250,000
275,933
100,000
624,990
481,464
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F013625
F013649
F013651
F013669
F013673
F013693
F013695
F013697
F013699
F013701
F013707
F013721
F013723
F013725
F013727
F013729
F013731
F013743
F013745
F013747
F013791
F013823
F013825
F013833
F013835
F013837
F013839
F013841
F013843
F013849
F013855
F013865
F013867
F013869
F013871
F013883
F013885
F013887
F013891
F013893
F013897
F013901
F013903
F013907
F013909
F013913
F013921
F013925
F013945
F013961
F013963
F013965
F013977
F013987
F013999
F014013
F014031
F014033
F014041
F014051
F014057
F014065
F014083
Description
Gladys Harn Harris Art Acquisition Endowment
Marshall M. Criser Distinguished Lecture Series
Bushnell Presidential Chair
BB&T Professorship in Free Enterprise Fund
Jon L. and Beverly A. Thompson FLMNH Chair
Jean and Jewel Ahrano Excellence Fund
Jean and Jewel Ahrano Scholarship and Fellowship Fund
Jean and Jewel Ahrano Scholarships Fund
Jean and Jewel Ahrano Research Fund
GCREC Scholarship Endowment
Edmond H. Prominski Endowment Fund
Craig and Audrae Tisher Professorship/Chair in Nephrology
Silverstein Family Fund in Pediatric Endocrinology
William G. Lassiter, Jr. and Aneice R. Lassiter Pediatric Diabetes Research Fund
William G. Lassiter, Jr. and Aneice R. Lassiter Professorship
William G. Lassiter, Jr. and Aneice R. Lassiter Professorship in Building Construction
Mrs. Irene B. Kirbo Scholarship Fund
Thomas H. Maren Fellowship for Graduate/Doctoral Nursing Students
Ernst & Young Endowment
Susan Ivey Professorship
John I. Williams, Jr. Professorship in Marketing
Edward and Betty Proefke Endowment for Research in Collective Protection
Orlando Garden Club Fellowships in honor of Mary S. Compton and Ann Guthrie
Andrew J. Semesco Fund for Oral, Head, and Neck Cancer Research
Dean for Extension Excellence Fund
Seymour Goldweber Faculty Fellowship Endowment
Christine Waddill Faculty Fellowship Endowment
Arthur Hornsby Faculty Fellowship Endowment
Master Gardener Faculty Fellowship Endowment
Anne and Oscar Lackner Eminent Scholar Chair
Thomas J. Walker Endowment for UF's Natural Area Teaching Laboratory
Folke Peterson Dean's Distinguished Professorship
Folke Peterson Distinguished Professor
Shewey Excellence Fund
DuBow Family Graduate Student Education
Emeritus Faculty Research Endowment at the Everglades Research & Education Center -Belle Glade
Hyatt and Cici Brown Professorship(s)
A. H. Burnett Law Scholarship
A. H. Burnett Equine Studies Endowment Fund
A. H. Burnett Merit Scholarship
Graham Family Endowment for Teacher Renewal at P.K. Yonge
John B. Hall Faculty Endowment
Alan Siegel, M.D. Resident and Fellows Endowment
American Diabetes Association Eminent Scholar Chair
P. K. Yonge General Endowment
David Lawrence Jr. Endowed Chair in Early Childhood Studies
Jeanne Scheibler Scholarship
Thomas S. Johnson Master of Science in Entrepreneurship Program Endowment
Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Student Professional Development
Beulah Lambert Alexander Breast Cancer Research Fund
Joye Giglia Endowment for Innovative Agricultural Technology
Edwin Presser Scholarship in Law
Edward M. Copeland III, M.D. Professorship in Surgical Oncology
Nicholas Bodor Professorship in Drug Discovery
C. M. Overstreet Family Research Endowment for Spinal Cord Injury
Fuqua Family Fund for Oral History
B. J. and Eve Wilder Professorship for Epilepsy
Maurice C. and Frances A. Holmes Endowed Scholarship Fund
Robert B. Carter Professorship
Philip L. Graham Program Fund
Graham Center Endowment Fund
Academy for Excellence Endowment
Bill Alcorn Undergraduate Professional Development Endowment
Balance at
June 30, 2008
$
209,991
1,039,473
2,224,372
117,338
18,868
526,471
526,471
526,470
526,470
195,523
1,117,729
617,619
2,063,932
419,787
629,679
1,049,957
258,773
371,823
329,595
197,061
99,561
149,342
150,893
139,368
239,554
72,594
114,458
134,917
1,553,359
148,452
2,792,755
2,792,755
596,935
295,593
241,218
2,025,538
29,868
74,156
99,561
98,601
238,867
110,685
3,691,009
145,306
1,852,297
633,768
1,955,638
97,782
137,026
76,977
653,183
216,861
586,691
4,450,571
96,222
582,011
568,710
142,342
321,257
253,401
668,755
28,103
Corpus at
June 30, 2008
$
200,000
1,020,000
2,000,000
120,000
18,951
501,423
501,423
501,423
501,423
182,574
1,125,001
485,562
2,000,001
400,000
600,000
1,000,001
250,000
300,000
153,667
200,000
100,000
150,000
151,188
112,071
190,838
59,724
94,641
109,748
1,152,327
150,000
2,304,716
2,304,716
599,648
300,001
245,934
2,034,465
30,000
75,000
100,000
100,000
244,286
112,138
2,605,550
148,505
1,488,655
650,162
2,000,001
100,000
136,641
80,000
668,000
190,285
600,000
1,999,488
100,000
600,000
581,625
120,695
328,662
258,641
450,120
28,763
- 44 -
Contributed
Corpus
$
240,000
1,445,935
39,950
500
5,222
100,000
120,000
19,000
50,000
11,000
500
150,000
323,946
10,000
50,000
1,502,783
5,200
10,188
5,000
20,000
70,755
16,529
106,458
300,000
22,210
97,321
75,000
Investment
Income
$
(37,985)
(191,443)
(398,998)
(15,293)
53,738
(95,234)
(95,234)
(95,234)
(95,234)
(34,601)
(205,630)
(111,807)
(379,854)
(75,950)
(113,956)
(189,927)
(45,427)
(54,513)
(54,229)
(36,620)
5,027
(18,171)
(27,256)
(27,186)
(24,639)
(41,368)
(13,093)
(19,947)
(24,127)
(274,212)
(27,177)
(502,320)
(492,855)
(108,961)
(43,664)
(35,232)
(369,681)
(5,451)
(13,698)
(18,171)
(16,106)
(42,922)
(20,119)
(636,365)
(27,174)
(333,715)
(117,228)
(360,231)
(17,958)
(24,611)
(13,476)
(120,317)
(37,603)
(108,069)
(799,495)
(17,892)
(107,710)
(100,299)
(25,019)
(50,112)
(50,751)
(109,267)
(2,120)
Corpus
Transfers
Expenses
$
(21,088)
(6,000)
(37,026)
(20,934)
(1,149)
(40,000)
(17)
(14)
(50,000)
(5,131)
(2,500)
(6,600)
(2,000)
(475)
(5,250)
(2,170)
(4,675)
(4,213)
(4,930)
(100,000)
(100,000)
(17,648)
(3,750)
(10,099)
(30,000)
(250)
(1,250)
(37,570)
(80)
(354,634)
(255)
(15,000)
(36)
(28,270)
(125)
(1,500)
(500)
(5,000)
(7,059)
(16,529)
(125,050)
(1,500)
(2,661)
(6,875)
(1,180)
(37,733)
(1,875)
$
(25,000)
25,000
-
Balance at
June 30, 2009
Other
$
545
650
2,000
250
-
$
172,006
826,942
1,825,374
336,045
1,481,515
431,237
431,237
431,236
431,236
160,922
891,165
544,613
1,644,078
344,320
515,723
860,030
213,877
267,310
275,457
257,941
118,427
81,390
120,086
142,232
114,729
242,936
57,331
100,836
107,077
1,279,147
116,345
2,190,435
2,199,900
470,326
398,179
519,833
1,625,857
24,417
70,208
81,390
131,245
1,661,158
95,686
2,700,010
128,065
1,503,582
517,154
1,567,137
84,699
110,915
83,001
527,866
242,954
478,622
3,528,026
76,830
474,301
572,208
117,323
539,270
248,680
619,326
99,108
Corpus at
June 30, 2009
$
200,000
1,020,000
2,000,000
360,000
1,464,886
501,423
501,423
501,423
501,423
182,574
1,125,001
525,512
2,000,001
400,500
600,000
1,000,001
250,000
300,000
158,889
300,000
120,000
100,000
150,000
170,188
112,071
240,838
59,724
105,641
110,248
1,152,327
150,000
2,304,716
2,304,716
599,648
450,001
569,880
2,034,465
30,000
85,000
100,000
150,000
1,747,069
117,338
2,605,550
158,693
1,488,655
650,162
2,000,001
105,000
136,641
100,000
668,000
261,040
616,529
1,999,488
100,000
600,000
688,083
120,695
603,662
305,851
547,441
103,763
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F014099
F014107
F014113
F014149
F014161
F014163
F014165
F014173
F014177
F014225
F014229
F014235
F014261
F014267
F014271
F014283
F014301
F014303
F014305
F014311
F014325
F014329
F014341
F014343
F014345
F014349
F014369
F014397
F014401
F014405
F014407
F014425
F014427
F014437
F014439
F014455
F014457
F014459
F014461
F014463
F014465
F014467
F014469
F014471
F014477
F014479
F014491
F014519
F014531
F014533
F014537
F014545
F014557
F014559
F014561
F014563
F014575
F014629
F014657
F014659
F014661
F014673
F014677
F014689
F014703
F014737
Description
Marion County Farm Bureau Scholarship/Fellowship Fund
Hughes Estate Scholarship Fund
Alan and Carol Squitieri Performing Arts Endowment
Frederick N. Rhines Professorship
Hazel Kitzman Professorship in Genetics
George H. Kitzman Professorship in Genetics
David A. Cofrin Endowed Chair in Endourology Fund
Birdie Einstein Parkinson's Disease Fund
M. Franklin Dolwick University Chair
Fitzhugh and Essie Carter Scholarship
Albert Brick President's Professorship in English
Peter C. Barr Integrated Marketing Communications Endowment
Stanley Taylor Endowment Fund
(Chase Bank USA Excellence Fund)
Wayne and Marti Huizenga Eminent Scholars Chair in Urology Research
Dr. Frank C. and Juliette D. Bolser Memorial Fellowship
Harriet B. Weeks Bovine Research Fund
Harriet B. Weeks Professorship in Bovine Medicine Fund
Harriet B. Weeks Forestry Education and Research Fund
Gary Henry Endowment for the Study of Florida Native Wildflowers
Grevior Animal Welfare Fund
William W. and Eloise D. Gay Endowment Fund
Bud and Kim Deffebach Alternate Energy Fund
Bud and Kim Deffebach Engineering Outreach Fund
Bud and Kim Deffebach Step-Up Fund
Frank Karel Chair in Public Interest Communications Fund
Robin Weeks Chair in Veterinary Medicine
Stiles Corporation Fund
Rita M. Cooke Glaucoma Endowment
Tom and Susie Wasdin Research Endowment for Trigeminal Neuralgia
Trigeminal Neuralgia Association Facial Pain Research Program Endowment
Al and Mary Lafaye Endowed Fund
Gilbart-Olsen Educational Technology Endowment
Broad and Cassel Florida Law Review Scholarship
Nestor and Virginia Morales Scholarship Fund
Lake Lytal, Jr. Scholarship Fund
Mark A. Retenbach Memorial Scholarship Fund
Michael M. Fogarty Memorial Scholarship Fund
James J. Freeland Graduate Tax Fund
Joseph R. Julin Scholarship Fund
Judge Wm. Terrell Hodges Tuition Scholarship
William F. and Elizabeth R. Leonard Tuition Scholarship Fund
Richard E. McGee, Sr. and Patricia M. McGee Scholarship Fund
Cypen & Cypen Scholarship
Theodore R. Crom Endowed Lecture Series & Tau Beta Pi Community Service Project Fund
Theodore R. Crom Endowed Professorship in Structural Design
Ingeborg E. Rabe Endowment for Clinical Research Unit
Marjorie S. Coffey Library Endowment
Frank D. Upchurch, Sr. and Hamilton D. Upchurch Endowment
Optech, Inc. Geosensing Systems Engineering Endowment
Dyslexia Center Intensive Summer Treatment Program Endowment
Parker E. Mahan Facial Pain Endowed Professorship
Florence and Melvin Eickhorst Scholarship/Fellowship in Nursing
Florence and Melvin Eickhorst Scholarship/Fellowship in Mechanical and/or Electrical Engineering
Helios Education Foundation Fund for FloridaTeach
Dr. Howard and Brenda Sheridan Fund in Chemistry
Angelo Anaclerio, M.D. Endowed Fund in Ophthalmology
Norman and Irma Braman Chair in Holocaust Studies
John T. Barnes Professorship
Robert F. and Eleonora W. McCabe Eminent Scholar Chair in Psychiatry and Community Mental
Raymond E. and Karola M. Passage IFAS/4-H Endowment
Elling Eide Professorship in Miccosukee Language and Culture
David A. Cofrin Chair in Urological Oncology
Anesthesiology and Critical Care Endowment
Raymond P. and Jane F. Oglesby Scholarship
Margaret Early United World College Scholarship Program Fund
Balance at
June 30, 2008
$
96,222
198,771
962,219
117,453
2,942,725
2,808,938
1,881,841
96,702
195,754
290,976
799,425
96,222
120,015
401,510
1,957,544
133,085
929,833
929,833
1,859,666
97,877
97,877
97,877
293,631
146,816
146,816
978,772
1,957,544
107,665
128,941
117,453
119,861
112,654
98,424
118,372
145,546
260,169
58,536
102,900
153,622
167,705
131,669
142,801
117,127
108,280
97,877
1,098,294
367,080
1,906
87,639
97,500
108,225
1,143,291
349,944
349,944
975,001
117,000
98,679
979,876
556,352
975,001
60,222
684,751
292,500
-
Corpus at
June 30, 2008
$
100,000
200,987
1,000,001
120,000
2,135,118
2,135,118
901,853
100,500
200,000
297,766
797,823
100,000
122,618
400,001
2,000,001
129,283
950,000
950,000
1,900,000
100,000
100,000
100,000
300,000
150,000
150,000
1,000,001
2,000,001
110,000
100,000
120,000
122,500
115,085
100,000
87,000
75,000
139,993
35,386
56,206
88,500
90,108
75,000
84,024
77,036
75,000
100,000
1,122,115
375,050
1,970
89,886
100,000
100,000
771,327
358,917
358,917
1,000,001
100,000
98,679
1,005,001
570,617
1,000,001
61,767
600,000
300,000
-
- 45 -
Contributed
Corpus
$
120,000
130
27,341
100,000
51,000
50,000
100,000
1,000,000
19,007
509,950
10,114
1,000
7,083
7,083
5,000
1,000,000
57,088
1,000,001
100,000
146,348
Investment
Income
$
(17,892)
(29,128)
(178,919)
(16,998)
(527,239)
(504,759)
(293,873)
(17,980)
(53,537)
(54,558)
(146,791)
(13,702)
(22,506)
(367,093)
(24,547)
(172,274)
(174,369)
(346,643)
(14,165)
(18,355)
(18,355)
(55,064)
(27,532)
(27,532)
(291,637)
(367,093)
(18,355)
(18,355)
(22,026)
(21,743)
(21,123)
(20,434)
(21,656)
(22,450)
(39,513)
(9,988)
(15,864)
(26,914)
(27,403)
(21,292)
(23,113)
(20,087)
(17,692)
(18,355)
(205,960)
(68,676)
5,160
(16,474)
(18,449)
(18,449)
(207,237)
(66,993)
(66,993)
(184,493)
(18,449)
(18,206)
(184,986)
(105,275)
(109,385)
(4,365)
(121,155)
(48,873)
(32,816)
(10,939)
(16,008)
Corpus
Transfers
Expenses
$
(3,000)
(100,000)
(145,856)
(273,817)
(3)
(2,654)
(5,000)
(2,500)
(20,000)
(1,275)
(1,250)
(2,500)
(275)
(30,000)
(7,750)
(31,964)
(475)
(1,600)
(12,000)
(2,000)
(1,000)
(4,000)
(4,000)
(2,000)
(12,749)
(253)
(10,525)
(47,000)
(177)
(1,677)
(250)
(12,125)
(25,000)
(1,427)
(25,000)
(2,500)
(36,774)
$
85,650
(400,001)
(10,000)
-
Balance at
June 30, 2009
Other
$
5,731
(1,509)
1,000
200,000
20,000
64,615
$
78,330
169,643
783,300
217,455
2,315,486
2,158,323
1,314,151
78,849
258,285
236,418
647,634
180,020
97,509
1,570,451
108,538
807,284
755,464
1,561,773
181,212
80,247
79,522
238,567
119,284
119,284
1,857,135
1,590,451
91,560
78,622
95,427
98,118
91,531
96,522
95,116
123,096
208,656
48,548
85,036
126,708
139,302
106,377
115,688
97,040
88,588
79,522
892,334
298,404
504,267
81,026
79,051
80,251
889,054
289,857
288,357
790,508
98,301
80,473
787,765
451,077
1,840,616
111,518
563,596
926,128
259,684
86,561
158,181
Corpus at
June 30, 2009
$
100,000
200,987
1,000,001
240,000
2,135,118
2,135,118
901,853
100,630
312,991
297,766
797,823
200,000
122,618
2,000,001
129,283
1,001,000
950,000
1,950,000
200,000
100,000
100,000
300,000
150,000
150,000
2,000,001
2,000,001
100,000
100,000
120,000
122,500
115,085
119,007
87,000
75,000
139,993
35,386
56,206
88,500
90,108
75,000
84,024
77,036
75,000
100,000
1,122,115
375,050
511,920
100,000
100,000
101,000
771,327
366,000
366,000
1,000,001
100,000
98,679
1,010,001
570,617
2,000,001
118,855
600,000
1,000,001
300,000
100,000
146,348
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR MAJOR GIFTS PROGRAM
Fund
F014741
F014773
F014805
F014807
F014813
F014823
F014865
F014883
F014907
F014909
F014935
F014953
F014967
F014989
F014995
F016003
F016009
F016061
F016117
F016181
F016183
Description
Dr. William M. and Sue Goza Endowment Fund
Richard and Thelma O. C. Barney Term Professorship in Health Disparities
Terrye Coggin Proctor Memorial Scholarship
Benedict A. Silverman Scholarship Fund
James E. Lockwood, Jr. Professorship in Proton Therapy
Palm Beach County Gator Club® Scholarship Endowment
Louis D. Arieno Cancer Research Fund
Methodist Medical Center Professor of Surgery in Transplantation
J. Crayton Pruitt Family Biomedical Engineering Professor I
J. Crayton Pruitt Family Biomedical Engineering Professor II
James E. Lockwood, Jr. Professorship in Florida and Caribbean Archaeology
Nan-Yao and Jill H. Su Endowed Scholarship/Fellowship Fund
Robert G. Stubbs and Henry G. Hamilton Scholarship Fund
Chris and Bernie Machen Florida Opportunity Scholars Endowment
William and Jane Groot-Camp Cloverleaf Endowed Fund
Fluor Corporation Endowment Fund
Chase Bank USA Florida Opportunity Scholarship Endowment
Baynard Wickliffe Heath Memorial Lecture Series on U.S. Antitrust Policy
George and Jane Yarb Cancer Research Fund
S. A. Wright Endowment
S. A. Wright Research Endowment
Balance at
June 30, 2008
$
-
$ 1,008,624,184
Corpus at
June 30, 2008
$
$
738,147,075
- 46 -
Contributed
Corpus
Investment
Income
Corpus
Transfers
Expenses
Balance at
June 30, 2009
Other
Corpus at
June 30, 2009
$
168,748
1,000,001
100,000
110,500
428,600
1,000,001
250,000
280,000
114,000
115,000
100,163
400,000
100,000
125,000
209,081
209,081
$
(18,459)
(99,784)
(141,895)
(24,871)
41,895
1,082
1,195
16,844
(109,716)
(109,716)
41,895
10,474
6,494
4,776
4,818
4,196
(56,661)
4,189
-
$
(5,677)
(19,000)
(4,000)
(25,000)
(2,500)
(2,763)
(10,715)
(18,528)
(18,528)
(25,000)
(6,250)
(7,000)
(2,850)
(2,875)
(1,125)
(2,500)
(3,125)
(5,227)
(5,227)
$
357,648
379,687
75,000
1,000,000
1,000,000
400,001
-
$
187,907
460,471
83,731
1,509
-
$
144,612
445,771
679,263
129,860
1,016,896
98,582
108,932
434,729
871,756
871,756
1,016,896
254,224
279,494
115,926
116,943
103,234
744,849
101,689
121,875
203,854
203,854
$
168,748
357,648
379,687
75,000
1,000,001
100,000
110,500
428,600
1,000,000
1,000,000
1,000,001
250,000
280,000
114,000
115,000
100,163
800,001
100,000
125,000
209,081
209,081
$
20,322,146
$
(179,113,372)
$
(29,098,890)
$
217,293
$
786,289
$
821,737,650
$
758,686,514
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF RECEIPTS, EXPENDITURES AND ENDOWMENT BALANCES FOR EMINENT SCHOLAR PROGRAM
Fund
Description
F000043
F000053
F000491
F000663
F001455
F001557
F001727
F001729
F001779
F001795
F001803
F001805
F001815
F001851
F001853
F001855
F001857
F001863
F001891
F001925
F001983
F002049
F002051
F002099
F002145
F002235
F002323
F002339
F002373
F002387
F002417
F002465
F002559
F002619
F002733
F002813
F002839
F002955
F002969
F003289
F003471
F003493
F003507
F004171
F004787
F007403
F008555
F008557
Robert C. Pittman Eminent Scholar Chair in Electrical Engineering
Katharine Ordway Chair of Ecosystem Conservation
Lyle C. Dickman Eminent Scholar Chair in Plant Improvement
American Heart Association-Suncoast Chapter, Inc. Chair in Cardiovascular Research
Ben Hill Griffin, Jr. Eminent Scholar Chair in Agricultural Economics Marketing
Carl S. Swisher Eminent Scholar Chair in Water Resources
Marcia Whitney Schott Eminent Scholar Chair in Rheumatoid Arthritis
Ed Rood Eminent Scholar Chair of Trial Advocacy and Procedure Fund
J. C. Penney Eminent Scholar Chair of Retail Management
Academy One Hundred Eminent Scholar Chair Fund
Francis M. Bullard Eminent Scholar Chair in Ophthalmic Sciences #1
Rybaczki-Bullard Chair in Ophthalmology
Huber C. Hurst Eminent Scholar Chair in Law
Hugh F. Culverhouse Eminent Scholar Chair in Federal Taxation
American Heart Association Teaching Chair in Cardiology
American Heart Association, Gerold L. Schiebler, M.D., Chair in Pediatric Cardiology
Boston Family Eminent Scholar Chair in Human Nutrition
Frederick E. Fisher Eminent Scholar Chair Fund
James W. Walter Eminent Scholar Chair of Entrepreneurship
C. V. Griffin, Sr. Eminent Scholar Chair in Agriculture
Arthur R. Marshall, Jr. Eminent Scholar Chair in Ecological Studies
Samuel P. Harn Eminent Scholar Chair Fund
Bacardi Family Eminent Scholar Chair in Latin American Studies
Kirbo Nursing Eminent Scholar Chair
Bank of America Eminent Scholar Chair in Finance
McKethan-Matherly Eminent Scholar Chair of Business Administration
Richard Milbauer Chair in History
Marston-Milbauer Eminent Scholar Chair
Lanzillotti-McKethan Eminent Scholar Chair in Business Administration
Dr. Perry A. Foote Eminent Scholar Chair Fund
John E. Price Eminent Scholar Chair in Cancer Research
Central Florida Kidney Center, Inc. Eminent Scholar Chair in Nephrology and
Marcia Whitney Schott Eminent Scholar Chair in Rheumatoid Arthritis II
William H. Dial/SunTrust Eminent Scholar Chair of Banking
Manning J. Dauer Eminent Scholar Chair in Political Science
Mr. and Mrs. J. R. (Rip) Graves Eminent Scholar Chair in Biotechnology Fund
Jerry and Lola Collins Eminent Scholar Chair in Veterinary Medicine
Edward R. Koger Chair for Basic Cancer Research
Russell Berrie Foundation Eminent Scholar Chair in Marketing
John B. Higdon Eminent Scholar Chair in Business Administration
Nemours Eminent Scholar Chair in Pediatrics
Davies, Fischer and Eckes Eminent Scholar Chair in IFAS
Andrew H. Hines, Jr./Progress Energy Eminent Scholar Chair
Joe B. Cordell Eminent Scholar Chair in Corporate Development and Strategy
Frank A. Duckworth Eminent Scholar Chair in Drug Research and Development
BellSouth Eminent Scholar Chair in Computer Engineering and Science
Joseph L. Brechner Eminent Scholar Chair Endowment #1
Brechner Center Support Endowment
Balance at
June 30, 2008
Corpus at
June 30, 2008
Contributed
Corpus
Investment
Income
Corpus
Transfers
Expenses
$
2,163,990
2,541,085
2,264,416
1,353,153
2,040,494
2,663,746
2,371,146
2,350,117
2,162,486
2,418,554
2,190,730
2,098,216
2,885,561
2,275,086
2,427,788
2,550,123
2,098,331
2,800,624
2,778,648
2,444,551
2,228,380
2,937,014
2,258,345
2,798,014
1,924,225
2,713,499
2,166,548
2,391,960
2,746,669
2,117,579
2,665,594
1,991,946
8,854,707
1,991,086
1,903,549
2,430,553
3,038,172
2,186,144
2,321,937
2,114,224
1,928,536
2,601,976
2,082,520
2,398,782
1,897,040
2,908,398
963,759
1,106,956
$
961,726
1,054,002
1,030,155
999,229
1,004,025
1,015,026
1,035,547
1,005,110
977,189
1,015,717
1,080,433
1,100,428
1,026,314
1,001,076
1,004,895
1,182,104
1,001,486
1,335,171
1,231,543
1,070,388
998,466
1,578,410
996,701
1,147,643
1,069,237
1,148,557
1,063,845
1,056,881
1,339,045
1,029,648
1,078,413
999,715
3,967,914
1,001,031
1,008,027
1,020,004
1,518,136
1,027,422
1,020,001
1,045,914
1,020,000
1,020,000
1,017,932
1,147,266
1,046,237
1,347,829
458,389
538,609
$
130,000
175,000
70,000
-
$
(376,662)
(461,253)
(393,589)
(247,360)
(367,566)
(471,969)
(429,419)
(421,403)
(395,260)
(419,650)
(390,395)
(383,576)
(501,078)
(407,159)
(439,768)
(458,127)
(377,492)
(505,574)
(503,806)
(415,258)
(399,237)
(526,157)
(404,793)
(491,045)
(351,396)
(491,774)
(395,682)
(428,399)
(500,126)
(370,782)
(458,033)
(364,242)
(1,584,545)
(364,099)
(341,796)
(421,327)
(551,994)
(399,660)
(424,660)
(385,845)
(349,170)
(447,883)
(374,088)
(438,607)
(344,106)
(508,449)
(169,904)
(199,566)
$
(29,917)
(107,566)
(175,000)
(48,106)
(30,000)
(307,000)
(25,000)
(130,000)
(67,685)
(100,000)
(74,508)
(184,000)
(107,619)
(68,419)
(50,000)
(67,000)
(49,800)
(40,000)
(59,836)
(124,386)
(160,000)
(64,478)
(135,458)
(78,900)
(25,000)
(74,424)
(109,500)
(57,810)
(70,085)
(400,000)
(67,272)
(66,917)
(103,212)
(77,000)
(74,175)
(62,122)
(50,000)
(70,000)
(108,800)
(71,166)
(54,000)
(25,000)
(10,000)
(41,000)
$
$
116,546,957
$
53,842,836
$
375,000
$ (20,853,729)
$
(3,902,161)
$
- 47 -
Balance at
June 30, 2009
Other
-
Corpus at
June 30, 2009
$
613
698
137
$
1,757,411
1,972,266
1,695,827
1,057,687
1,642,928
1,884,777
1,916,727
1,928,714
1,699,541
1,898,904
1,800,335
1,640,132
2,384,483
1,858,927
1,880,401
2,023,577
1,670,839
2,228,050
2,225,042
1,989,293
1,769,307
2,356,471
1,693,552
2,306,969
1,508,351
2,086,267
1,691,966
1,938,561
2,172,119
1,637,297
2,149,751
1,558,232
6,870,162
1,559,715
1,495,534
1,906,014
2,486,178
1,709,484
1,823,102
1,666,257
1,529,366
2,084,093
1,599,632
1,889,009
1,498,934
2,374,949
783,855
866,527
$
961,726
1,054,002
1,030,155
999,229
1,004,025
1,015,026
1,035,547
1,135,110
977,189
1,015,717
1,080,433
1,100,428
1,026,314
1,176,076
1,004,895
1,182,104
1,001,486
1,335,171
1,231,543
1,070,388
998,466
1,648,410
996,701
1,147,643
1,069,237
1,148,557
1,063,845
1,056,881
1,339,045
1,029,648
1,078,413
999,715
3,967,914
1,001,031
1,008,027
1,020,004
1,518,136
1,027,422
1,020,001
1,045,914
1,020,000
1,020,000
1,017,932
1,147,266
1,046,237
1,347,829
458,389
538,609
$
1,448
$
92,167,515
$
54,217,836
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL
STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
The Board of Directors,
University of Florida Foundation, Inc.:
We have audited the financial statements of the University of Florida Foundation, Inc. (the Foundation) as
of and for the year ended June 30, 2009, and have issued our report thereon dated August 20, 2009. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States.
Internal Control over Financial Reporting
In planning and performing our audit, we considered the Foundation’s internal control over financial
reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the
financial statements but not for the purpose of expressing an opinion on the effectiveness of the
Foundation’s internal control over financial reporting. Accordingly, we do not express an opinion on the
effectiveness of the Foundation’s internal control over financial reporting.
A control deficiency exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of
control deficiencies, that adversely affects the entity’s ability to initiate, authorize, record, process, or
report financial data reliably in accordance with generally accepted accounting principles such that there
is more than a remote likelihood that a misstatement of the entity’s financial statements that is more than
inconsequential will not be prevented or detected by the entity’s internal control.
A material weakness is a significant deficiency, or combination of significant deficiencies, that results in
more than a remote likelihood that a material misstatement of the financial statements will not be
prevented or detected by the entity’s internal control.
Our consideration of the internal control over financial reporting was for the limited purpose described in
the first paragraph of this section and would not necessarily identify all deficiencies in internal control
that might be significant deficiencies or material weaknesses. We did not identify any deficiencies in
internal control over financial reporting that we consider to be material weaknesses, as defined above.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Foundation’s financial statements are free of
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
- 48 -
determination of financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The
results of our tests disclosed no instances of noncompliance or other matters that are required to be
reported under Government Auditing Standards.
This report is intended solely for the information and use of the board of directors and management of the
Foundation and is not intended to be and should not be used by anyone other than these specified parties.
Gainesville, Florida
August 20, 2009
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ADDITIONAL INFORMATION
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF EXPENDITURES OF STATE FINANCIAL ASSISTANCE
FOR THE YEAR ENDED JUNE 30, 2009
State Grantor / Program Title
CSFA
Number
Florida Department of Highway Safety and Motor Vehicles,
University of Florida License Plate Project (1)
76.034
Florida Department of Education, University Major Gift
Challenge Grant Program (1) (2)
48.074
Total Expenditures of State Financial Assistance
Expenditures
$
$
(1) Constitutes a major state financial assistance project
(2) State match funds are not expended as they are added to
corpus; all funds expended are from investment earnings
- 50 -
1,761,532
1,761,532
UNIVERSITY OF FLORIDA FOUNDATION, INC.
NOTES TO SCHEDULE OF EXPENDITURES OF STATE FINANCIAL ASSISTANCE
FOR THE YEAR ENDED JUNE 30, 2009
(1)
Significant Accounting Policies:
The accounting policies and the presentation of the accompanying schedule of expenditures of state
financial assistance of University of Florida Foundation, Inc. (the Foundation), have been designated to
conform with accounting principles generally accepted in the United States of America as applicable to
governmental units, including the reporting and compliance requirements of Chapter 10.650, Rules of the
State of Florida, Auditor General.
Basis of Accounting
The accompanying schedule of expenditures of state financial assistance is presented using the accrual
basis of accounting. Expenditures are recognized when the related liability is incurred.
The expenditures under the state license plate program in the schedule represent $961,532 in scholarship
expenditures and $800,000 in fundraising expenditures. Receipts from the program during the year ended
June 30, 2009, of $2,770,180 are allocated to be spent for scholarships and for fundraising, consistent
with the allocation plan originally submitted to the Board of Education and the Department of Highway
Safety and Motor Vehicles. Investment losses on receipts and unexpended amounts from prior years
totaled $275,021.
In prior years, the Foundation has collected more in receipts for scholarships than it has expended. As a
result, the Foundation has the ability to expend more in future years related to scholarships. Receipts for
scholarships exceeded expenditures during the year ended June 30, 2009, by $733,627. Unexpended
amounts from prior years are pooled in the investment portfolio of the Foundation and a proportionate
share of income, gains and losses are allocated to these unexpended amounts. Amounts are not expended
until eligible scholarship recipients are identified. At June 30, 2009, the Foundation had $3,007,485 in
collected, but unexpended funds related to scholarships. Receipts for fundraising are used in the year of
receipt for the Foundation’s fundraising programs.
The expenditures under the state major gifts challenge program are made from investment earnings in
compliance with the program requirements. All private contributions, and the state match, are retained in
the fund corpus. Investment earnings are used in accordance with the program guidelines. Investment
earnings on these funds in the amount of $33,001,051 were expended during the year ended June 30,
2009.
(2)
Contingencies:
Grant monies received and disbursed by the Foundation are for specific purposes and are subject to audit
by the grantor agency. Such audits may result in requests for reimbursement due to disallowance of
expenditures. Based upon prior experience, the Foundation does not believe that such disallowances, if
any, would have a material effect on the financial position of the Foundation.
- 51 -
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE AND
INTERNAL CONTROL OVER COMPLIANCE APPLICABLE TO EACH
MAJOR STATE FINANCIAL ASSISTANCE PROJECT
To the Board of Directors,
University of Florida Foundation, Inc.
Compliance
We have audited the compliance of University of Florida Foundation, Inc. (the Foundation) with the types
of compliance requirements described in the State of Florida, Executive Office of the Governor’s State
Projects Compliance Supplement, that are applicable to its major state financial assistance projects for the
year ended June 30, 2009. The Foundation’s major state financial assistance projects are identified in the
summary of auditors’ results section of the accompanying schedule of findings and questioned costs.
Compliance with the requirements of laws, regulations, contracts and grants applicable to its major state
financial assistance projects are the responsibility of the Foundation’s management. Our responsibility is
to express an opinion on the Foundation’s compliance based on our audit.
We conducted our audit of compliance in accordance with auditing standards generally accepted in the
United States of America; the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States, and Chapter 10.650, Rules of the State
of Florida, Auditor General. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether noncompliance with the types of compliance requirements referred to
above that could have a direct and material effect on a major state financial assistance projects occurred.
An audit includes examining, on a test basis, evidence about the Foundation’s compliance with those
requirements and performing such other procedures as we considered necessary in the circumstances. We
believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal
determination of the Foundation’s compliance with those requirements.
In our opinion, the Foundation complied, in all material respects, with the requirements referred to above
that are applicable to its major state financial assistance projects for the year ended June 30, 2009.
Internal Control Over Compliance
The management of the Foundation is responsible for establishing and maintaining effective internal
control over compliance with requirements of laws, regulations, contracts and grants applicable to state
financial assistance projects. In planning and performing our audit, we considered the Foundation’s
internal control over compliance with requirements that could have a direct and material effect on a major
state financial assistance project in order to determine our auditing procedures for the purpose of
expressing our opinion on compliance and to test and report on internal control over compliance in
accordance with Chapter 10.650, Rules of the State of Florida, Auditor General.
- 52 -
Our consideration of internal control over compliance would not necessarily disclose all matters in
internal control that might be material weaknesses. A material weakness is a condition in which the
design or operation of one or more internal control components does not reduce to a relatively low level
the risk that noncompliance with applicable requirements of laws, regulations, contracts, and grants that
would be material in relation to a major state financial assistance project being audited may occur and not
be detected within a timely period by employees in the normal course of performing their assigned
functions. We noted no matters involving the internal control over compliance and its operation that we
consider to be material weaknesses.
This report is intended solely for the information and use of the Board of Directors and management of
the Foundation, and state awarding agencies and pass-through entities, and is not intended to be and
should not be used by anyone other than these specified parties.
Gainesville, Florida
August 20, 2009
- 53 -
UNIVERSITY OF FLORIDA FOUNDATION, INC.
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED JUNE 30, 2009
Section I.
Summary of Auditors’ Results:
Financial Statements
Type of auditors’ report issued:
Unqualified
Internal control over financial reporting:
•
Material weakness(es) identified
•
Reportable condition(s) identified that are not
considered to be material weakness(es)?
Noncompliance material to financial statements
noted?
___Yes
X No
Yes
X No
___Yes
X No
State Financial Assistance
Internal control over major state financial
assistance projects:
•
Material weakness(es) identified?
___Yes
X No
•
Reportable condition(s) identified that are not
considered to be material weakness(es)?
___Yes
X No
Type of auditors’ report issued on compliance for
major state financial assistance projects:
None reported
Unqualified
Any audit findings disclosed that are required to
be reported in accordance with Rules of the
Auditor General Chapter 10.650?
___Yes
Identification of major state financial assistance
projects:
CSFA No. 76.034, University of Florida
License Plate Project
X No
CSFA No. 48.074, University Major Gift
Challenge Grant Program
Dollar threshold used to distinguish between
Type A and Type B programs:
$300,000
X Yes
Auditee qualified as a low-risk auditee?
No
Section II.
Findings Relating to the Financial Statements
Which are Required to be Reported in
Accordance With Government Auditing
Standards:
None
Section III.
Findings and Questioned Costs for State
Financial Assistance:
None
Section IV.
Prior Audit Findings and Corrective Action
Plan for State Financial Assistance for the
Year Ended June 30, 2008:
No corrective action plan was necessary as
there were no prior year audit findings.
Section V.
Management Letter Required by Chapter
10.654, Rules of the Auditor General:
No findings required to be reported.
- 54 -