University of Hawaii Foundation

“Officers, directors, trustees and key employees have family or business relationships with another due to the nature of business in hawaii. Relationships were identified as part of an annual questionnaire and transactions occurred in the ordinary course of business on terms offered to the public.”

“The form 990 is prepared by kpmg llp and reviewed by uhf's controller, cfo and senior executive director of communications before presentation of a final draft to the audit committee of the board of trustees for review and approval. Upon approval, the final return is filed and signed off electronically by the cfo. The form 990 is available on guidestar and on uhf's website, as well as upon request.”

“Uhf has a conflict of interest policy for employees and a separate form for trustees. In accordance with both policies, all employees and trustees are required to complete and certify an "annual conflict of interest form" at the beginning of the fiscal year. The information compiled by the general counsel. Any potential conflicts with regard to trustees are brought to the attention of the cfo, coo and president, and brought to the board of trustee's audit committee to approve or disapprove the conflict of interest.”

“Annually, uhf benchmarks the salaries of the president/chief executive officer, cfo, and vp/coo at other institutionally related foundations nationwide, as well as nonprofits within the state of hawaii. This is done through research of 990s and through salary surveys of various professional organizations. The executive committee of the board of trustees uses this data in conjunction with an assessment of individual job performance to determine the appropriate compensation adjustments for the president/ceo and vice presidents of the organization. The documentation of these decisions is provided to and filed with the human resources department. Last compensation study/review was september 2023.”

“Uhf has a public information policy. This policy sets out the practices of uhf regarding disclosure of information and describes the extent and nature of those materials which will be made available to the public. Uhf provides access to the following documents on its website. Form 990 tax return for the previous three years, irs tax determination letter, articles of incorporation, annual report. The form 990 tax return may also be viewed on guidestar. Also available on the website is a listing of uhf's board of trustees and uhf staff. The conflict of interest policy and other governing documents outlined in the public information policy that are not on the website are available upon request.”

“The university of hawai'i foundation (uhf) was established in 1955 to encourage private support for uh. Today it is the central fundraising organization for the uh system, providing professional fundraising and alumni engagement services to all 10 uh campuses. The funds raised are critical for supporting the educational mission of uh, one of the largest drivers of hawai'i's economy. This private support funds scholarships to build hawai'i's future workforce, helps attract top faculty talent, supports programs that enrich the community, and fuels world-class research and facilities. Uhf has a number of specialists on staff to provide comprehensive fundraising and alumni engagement services. Expertise areas include major gifts, corporate and foundation giving, annual giving, donor stewardship, charitable tax and estate and gift planning. Uhf also manages an endowment of more than $526 million that distributes more than $19 million in scholarships to students across 10 uh system campuses each year. Generous gifts from donors and a disciplined focus on investment strategies and opportunities help the endowment grow over the long term, providing support for university of hawai'i programs and priorities into the future. The team also manages investments related to planned giving, including charitable gift annuities and charitable remainder trusts. The fiscal services uhf provides include processing, administering and managing funds from gifts for the benefit of uh units and campuses. The team also establishes new accounts and maintains more than 8,000 separate donor accounts for uh. The alumni engagement team is focused on providing lifelong value to our 330,000 + alumni, while also advancing the university's priorities including growing student enrollment and supporting student retention. By partnering closely with uh campus leadership, schools and departments, and local and regional alumni groups, the team develops meaningful programs that support the uh alumni community, build pride, nurture life-long learning and strengthen and sustain relationships.”