University of Wisconsin Foundation

“Michael shannon and susan engeleiter both served as directors on the board and are brother and sister.”

“Significant changes to organizational documents: bylaws: -separation of the president and chief executive officer positions -removal of chief investment officer-private markets, senior managing director of investments-public markets, assistant treasurer, assistant secretary, and chief alumni officer and executive director, waa as officer positions”

“Process organization uses to review form 990: the form 990 is prepared by an independent certified public accounting firm. Once a draft of the form 990 is received from the independent certified public accounting firm, a line by line review of the return is completed by the director of financial reporting of the university of wisconsin foundation who is a certified public accountant. The return is also reviewed by the controller, the chief financial officer, and the audit committee of the university of wisconsin foundation prior to filing. The form 990 is provided to all board members prior to filing.”

“How organization monitors and enforces conflict of interest policy: all officers, directors, key employees, and employees of the university of wisconsin foundation are covered under the foundation's conflict of interest policy. Officers, directors, key employees, and employees are to disclose interest that may lead to a conflict. Officers, directors, and key employees complete and sign a conflict of interest questionnaire annually. The interested party must fully disclose any potential conflicts and completely recuse him/herself from discussion and any related vote.”

“Process for determining compensation of top management: annually the executive committee meets to: 1) determine and approve the ceo's pay, and 2) review and approve the pay recommendations made by the ceo for all other officers and the direct reports of the ceo. The executive committee is composed of the following members of the board: chair, vice-chair, advancement committee chair, audit committee chair, budget & people committee chair, governance & nominating committee chair, investment committee chair, and two other directors appointed by the board of directors. The executive committee reviews salary survey data provided by hr that are administered by third-party compensation consultants that include big ten, big 12 and other university foundations and development departments, as well as other industry data, as appropriate. The executive committee uses this market data in conjunction with individual job performance and the foundation's compensation philosophy to be competitive on a national, regional, or local basis for similar jobs in similar organizations as a basis for reviewing and approving any recommendations. Actions taken are reflected in the minutes of each committee meeting. Minutes are distributed, reviewed, and officially approved at subsequent meetings.”

“The documents are available upon request.”

“How organization makes documents available to the public: the following documents are available on the organization's website at: https://www.supportuw.org/about-us/financial-information/ -irs tax determination letter -audited financial statements -annual reports -form 990 other required documents are available upon request”

“Loss on guarantee -23,984. Change in value of split interest agreements 1,950,628.”

“The process did not change from prior year.”

“University of wisconsin foundation owns a stake in the following partnerships which have indirect investments in passive foreign investment companies (pfics), and have filed form 8621 on behalf of university of wisconsin foundation: cerberus institutional partners, l.p. Series four lazard emerging markets core equity trust kkr-uwf direct lending partnership lp stepstone uwf secondary opportunities fund, lp (series b)”

“The following investments of university of wisconsin foundation have filed form 8886 disclosing reportable transactions. As a limited partner in these investments, university of wisconsin foundation's allocable share from the respective passthrough entities does not exceed the threshold amounts. Therefore, university of wisconsin foundation has not participated in a loss transaction reportable on form 8886: draper fisher jurvetson fund vi, l.p. Draper fisher jurveston fund vii, l.p. Draper fisher jurvetson fund viii, l.p. Sevin rosen ix”