Wisconsin Alumni Research Foundation

“Erik iverson, ceo, has some limited voting rights.”

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

“Warf's trustees and executive officers must disclose all actual and potential conflicts of interest to the governance committee and warf's general counsel through the annual disclosure form and/or whenever such a situation arises in the nterim. Disinterested members of the governance committee thereafter make a determination as to whether a conflict of interest exists and what action, if any, is appropriate. All members of warf staff are also required to complete an annual conflict of interest form which must be updated if potential conflicts arise in the interim. Disclosures are reviewed by warf's general counsel and director of human resources to make a determination as to whether a conflict of interest exists and what action, if any, is appropriate”

“A) warf retains a national independent human resources consulting firm specializing in compensation activities to review compensation for the ceo and senior management of warf. The consultant is retained by and reports to the chair of the compensation committee. B) every third year the consultant provides comparative compensation data to the compensation committee. C) the chair of the compensation committee and board president reviews a written summary of executive accomplishments for the fiscal year. This information is shared with the compensation committee and with the board's executive committee. D) in late april or early may the compensation committee holds a teleconference to discuss the general direction and scope/range of executive compensation. The outside consultant participates in the discussion every third year. E) in august the board president and the chair of the compensation committee discuss the executive evaluation and determine the compensation adjustment. F) the compensation committee reviews the recommendation in (e) above and approves final compensation adjustments. G) the chair of the compensation 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 compensation 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 third year.”

“These documents are not made available.”

“Warf was affiliated with wicell research institute, inc. (wicell) through significant control and economic interest. As of july 1, 2020, the bylaws of wicell were amended at which time warf no longer retained significant control and economic interest over wicell. As a result, wicell was deconsolidated from warf as of the date of the bylaws change and is no longer supported as a specific program of warf.”

“Change in minimum pension obligation 8,569,649. Deconsolidation of wicell from net assets -1,600,159.”

“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: 5am ventures v, lp 5am opportunities i lp aqr style premia fund, lp”