Suny New Paltz Foundation Inc.

“Karen dorsky and noah dorsky are siblings.”

“The organization made changes to the governing by-laws. Key changes: -article ii-purpose revised to make the language consistent with the purposes as stated in the certificate of incorporation. -clarification of the secretary's and vice president for development's responsibilities. -expand the finance committee to encompass the responsibilities of an investment committee. -clarification of the audit committee's responsibilities. -clarification of "other committees" as committees of the corporation rather than committees of the board; unless specifically directed by the board otherwise, committees of the corporation do not have the power to bind the board and therefore can include members that are not board directors. -clarification of the board's responsibility for reviewing compensation. -related-party transactions defined and the procedure for addressing these transactions is defined. -the maximum number of directors increased from 35 to 40.”

“Each board director and members of the audit committee received an electronic copy of the form 990 in advance of filing and had an opportunity to review the return with management on an individual basis. The form 990 has been reviewed by management and approved for filing with the irs. Members of the 990 review committee recommended to the full board to accept form 990 prior to form 990 be submitted.”

“The foundation's conflict of interest policy covers suny new paltz foundation officers, directors and staff members. Each september, covered persons are provided with a copy of the conflict of interest policy and disclosure statement and asked to return their completed disclosure statement to the foundation's offices. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed. The remaining board or committee members shall decide if a conflict of interest exists. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the foundation can obtain with reasonable effort a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“Although compensation of the foundation's executive director and employees is paid by suny new paltz, the compensation of the college employees is determined pursuant to laws of the state of new york and the policies of the suny board of trustees, specifically article ix, title b, section 2 of their policies.”

“The foundation makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org and other similar types of websites. In addition, the form 990 as well as the financial statements, governing documents, form 1023, and conflict of interest policy are available upon request, in the format the requestor prefers (electronic, hard copy, or inspection at the suny new paltz foundation offices).”

“Scholarships support many philanthropic contributions provide students with much-needed support in financing their education. Scholarships allow donors to directly impact the lives of new paltz students, opening doors in immeasurable ways. Erica yu, a junior double major in elementary education and classical violin performance, has received numerous scholarships to support her new paltz education. In an effort to say thank you, yu, along with other foundation scholarship winners, gathered last fall to share their stories and thank donors for their support. Thanks to donations, new paltz now has more than 109 endowed scholarship funds. With $275,645 from annual and endowed funds yielding scholarships for 194 students at an average of $1,421 per student per year. Since the future success of many new paltz graduates is directly tethered to the reality of student loan debt, helping students realize their full potential frees them to follow their dreams and ensures they will one day reach both their professional and personal objectives. James h. Ottaway sr. Endowed professorship sonia shah, an award-winning journalist who covers science and international human rights issues, served as the 2014 james h. Ottaway sr. Visiting professor of journalism and taught the course "science, environment, and disease: new approaches to science journalism." as part of shah's course, students developed and launched an educational website called "tick talk," an investigative project on the politics, history, and cultural impact of lyme disease. The tick-borne illness has become an epidemic in the mid-hudson valley region, and shah chose to investigate the subject with her students because of its local relevance. Samuel dorsky museum of art a shining example of the power of philanthropy, the samuel dorsky museum of art at new paltz enhances the cultural life of the college, and the broader community, largely through generous private donations. The dorsky family remains committed to not only the museum, named in memory of their father samuel dorsky, but to the college as well. Karen, david, and noah dorsky, along with their sister sara bedrick, were founding contributors to the formation of the dorsky and have since created several endowments - including the neil c. Trager directorship currently held by sara pasti - to help nurture its long-term viability while also supporting its annual exhibitions and related programming. According to pasti, funds obtained by the advisory board, and others, support a plethora of museum initiatives. Prime examples include aiding in conservation, exhibitions, gallery talks, panel discussions, symposia, film screenings and first sunday free gallery prime. Sojourner truth library through a variety of fundraising activities, the friends of the sojourner truth library provide an extra margin of excellence above and beyond that which can be achieved through conventional institutional funding. Since its inception, the friends have contributed more than $350,000, which enables the library to enrich its collection of books and other materials essential to learning and inquiry. A large collection of books, reference sets, audio and video recordings, musical scores, and electronic information media have been purchased through the generosity of friends members. The friends also fund an annual subscription to jstor, a prestigious research database that provides access to numerous scholarly journals in a wide variety of disciplines. Engineering established in 1995 by louis and mildred resnick, primarily to support the engineering program at new paltz, the resnick engineering endowment has allowed the department of electrical and computer engineering to purchase equipment to prototype circuit boards. A new course called "electronic design automation" was designed around using this equipment and provides students with key skills in electrical and computer engineering. The school of science and engineering's ambitious 3d printing ini”

“Consulting fees: program service expenses 102,008. Management and general expenses 0. Fundraising expenses 105,000. Total expenses 207,008. Student temps: program service expenses 191. Management and general expenses 0. Fundraising expenses 0. Total expenses 191. Part time staff: program service expenses 0. Management and general expenses 81,255. Fundraising expenses 0. Total expenses 81,255.”

“Change in value of charitable gift annuities -8,921. Loss on disposal of asset 98.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”