City University Construction Fund

“Review process of tax return chief financial officer and controller review form 990. At the request of the board, a financial committee also reviews the final version of form 990 prior to submission to the irs. The financial committee is made up of members of the committee of cuny (director of capital planning, deputy to the executive director and director of space planning) attending the cucf board meeting.”

“Conflict of interest and whistleblower policies the city university construction fund ("cucf"), is a corporate governmental agency constituting a public benefit corporation. Cucf was created on july 5, 1966, by the state of new york, pursuant to article 125-b of the education law. The purpose of cucf, as defined in the legislation, is: (a) to provide facilities for both senior colleges and community colleges of the city university of new york ("cuny") and (b) to support the educational purposes of cuny. Cucf is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Cucf is administered by seven trustees, of whom two are appointed by the governor of the state of new york, one is appointed by the mayor of the city of new york, one is appointed by the president of the senate of the state of new york, one is appointed by the speaker of the assembly of the state of new york, and the remaining two trustees are the director of the division of the budget of the state of new york, ex-officio, and the chairperson of the board of trustees of cuny, ex-officio. The financial statements of cucf are consolidated with the respective financial statements of cuny, the city of new york and the state of new york. All employees and officers are employees of the city university of new york who are bound by the policies of the university unless specific policies exist, but are similar to the overall university policy. Cucf follows the policies established by the city university of new york for the conflict of interest and whistleblower policies.”

“Officers, directors, trustees, key employees and highest compensated employees. While the executive director, deputy executive director and controller are appointed to the cucf board, they are also employees of the city university of new york. Other members of the city university of new york office of facilities, planning, construction and management are key employees and are amongst the highest paid employees of this office. It should be noted that while these employees are not officers of the cucf board, they each are participants of the cucf board meetings where their related activities effect the contributions of cucf as a whole.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990 is also available at "guidestar.com"”

“Transfer from dasny 15,000,000.”