Wisconsin Alumni Research Foundation

“The form 990 is initially reviewed and approved by the cfo, controller and other members of the management team. An electronic copy of the final version of the form 990 is subsequently provided to the board of trustees for review prior to filing.”

“The warf managing director requires that the trustees review the conflict of interest policy and complete a conflict of interest questionnaire annually. Warf reviews conflict matters as disclosed through the annual disclosure and on a rolling basis and considers them in the matter proscribed in its conflict policy. A conflict of interest committee of the board of trustees also meets as appropriate to consider conflict situations. All warf employees sign a conflict of interest agreement. The agreement requirements are reviewed annually at an employee meeting.”

“A) warf retains a national independent human resources consulting firm specializing in compensation activities to review compensation for the managing director and senior management of the organization. The consultant is retained by and reports to the chair of the salary and fringe benefit committee and to the trustee president. B) every other year the consultant provides comparative compensation data to the trustee president and the salary and fringe benefits committee. C) the trustee president reviews a written summary of executive accomplishments for the fiscal year. This information is shared with the salary and fringe benefits committee and with the board's executive committee. D) in late august or early september the salary and fringe benefits committee holds a teleconference to discuss the general direction and scope/range of executive compensation. The outside consultant participates in the discussion every other year. E) in mid-september the board president and the chair of the salary and fringe benefit committee discuss the executive evaluation and determine the compensation adjustment. F) the salary and fringe benefits committee reviews the recommendation in (e) above and approves final compensation adjustments. G) the chairman of the salary and fringe benefits committee reviews the compensation adjustments with the full board at the fall trustee meeting. H) the outside consultant provides a letter to the chair of the salary and fringe benefit committee describing the consultant's role in establishing the rebuttable presumption of reasonableness standard under the intermediate sanctions regulations and how the consultant provided the analysis to determine the reasonableness of the executive compensation package every other year.”

“These documents are not made available.”

“Equity gain in subsidiaries 6,124,810. Change in minimum pension obligation -7,406,490.”

“The process did not change from prior year.”

“Wisconsin alumni research 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 wisconsin alumni research foundation: pinebridge global emerging markets partners, llc siguler guff bric opportunities fund, lp siguler guff bric opportunities fund ii, lp versant venture capital v, l.p.”

“The following investments of wisconsin alumni research foundation have filed form 8886 disclosing reportable transactions. As a limited partner in these investments, wisconsin alumni research foundation's allocable share from the respective passthrough entities does not exceed the threshold amounts. Therefore, wisconsin alumni research foundation has not participated in a loss transaction reportable on form 8886: commonfund capital international partners v, lp oak hill capital partners ii (cayman) lp”