The Florida State University Real Estate Foundation Incorporated

“Compensation for management is reviewed and set by the president of fsu, or his designee, in accordance with the university's policies. These policies require that comparable data be used to determine that management is compensated fairly and competitively when compared to similar roles in other foundations nationally.”

“DIRECTORS ARE APPOINTED BY UNIVERSITY OR UNIVERSITY DIRECT SUPPORT ORGANIZATION REPRESENTATIVES WITH PRIOR APPROVAL OF THE BOARD CHAIR, UNIVERSITY PRESIDENT, AND FSU FOUNDATION PRESIDENT. ELECTED DIRECTORS ARE REVIEWED AND RECOMMENDED BY THE BOARD DEVELOPMENT COMMITTEE AND ELECTED BY A MAJORITY VOTE OF THE BOARD WITH PRIOR APPROVAL OF THE UNIVERSITY PRESIDENT. THE DIRECTOR EMERITUS IS THE IMMEDIATE PAST BOARD CHAIR. THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE ALL BOARD APPOINTMENTS TO THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. In April 2024, in collaboration with representatives of the Florida State University, the governing body unanimously voted to dissolve the organization. At this time, the governing body authorized officers of the organization to: -Execute and file with the Florida Department of State the Articles of Dissolution and Plan of Distribution of Assets -Perform any and all acts, execution and delivery of any other documents, consents, resolutions, conveyances, certificates, and agreements of any kind which may be necessary or desirable to wind up the affairs and dissolve the FSU Real Estate Foundation, and -Implement, execute, or effect this dissolution, including, without limitation, all filings and/or acts required by any state or federal law or regulation to wind up its affairs. As of June 11, 2025, the officers to whom these responsibilities have been delegated completed all filings and actions required to legally dissolve the organization.”

“PER THE FLORIDA EXCELLENCES IN HIGHER EDUCATION ACT OF 2018, SIGNED INTO LAW ON MARCH 11, 2018, THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE BOARD APPOINTMENTS TO THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. In April 2024, in collaboration with representatives of the Florida State University, the governing body unanimously voted to dissolve the organization. No additional appointments to the Board of the FSU Real Estate Foundation occurred prior to dissolution on June 11, 2025.”

“With the dissolution of the organization's Board of Directors, the organization no longer has any committees with authority to act on behalf of its governing body; therefore, this question has been answered "no" in accordance with the IRS instructions to Form 990.”

“The secretary and treasurer of the organization review the form 990 and resolve any issues or questions with the independent accounting firm that prepares the form. It is the responsibility of the organization's officers to confirm that this form represents the fsu real estate foundation's financial condition for the period being reported and does not contain any untrue statements or omit any material facts. The draft form 990 is provided to each voting board member of the board of directors prior to filing the form with the irs. Distribution is in the form of electronic mail.”

“Annually all directors are asked to complete a conflict of interest form. This process is monitored by staff of the florida state university real estate foundation to ensure that completed forms are returned by all members with individual follow up, when necessary. Hard copies of all forms are retained. It is the responsibility of staff of the florida state university real estate foundation to inform the board chair and committee chairpersons of any existing conflicts so that they can be sure that board members recuse themselves from any discussions and/or actions including votes on issues where there is a conflict of interest.”

“The florida state university real estate foundation's governing documents and conflict of interest policy are available upon request. The florida state university real estate foundation's financial statements, form 990 and 990-t, if applicable, are available on the florida state university real estate foundation's website and upon request for the same period of disclosure as set forth by irc section 6104(d).”

“The fsu real estate foundation ceased operations on june 11, 2025.”

“All employees of the florida state university real estate foundation are employees of the florida state university, a related organization. During calendar year 2024, there were 2 employees primarily dedicated to working for the florida state university real estate foundation.”