PO Box 2260 Tempe, AZ 85280-2260 480-965-1791 asufoundation.org IRS Form 990 Information Return – Highlights The mission of the ASU Foundation for A New American University is to ensure the success of Arizona State University. Arizona State University is a New American University, taking on the major challenges of our community, our nation, our world. Our faculty embrace risk, knowing that bold action is imperative to success. We collaborate across boundaries – academic and geographical – to advance economic, social, cultural and environmental well-being through discovery and knowledge. ASU’s students pursue learning that will produce meaningful change, not only in their lives, but in the communities where they live and work. ASU engages the world as it is, seeing exciting possibilities in all that we can accomplish together. As a New American University, ASU is committed to excellence, access and impact in everything it does. We measure student success by those we include, not by those we exclude. Building upon our deep roots in Arizona, its needs and its communities, ASU regards educational innovation as the surest path to solving the great challenges before us. In so doing, ASU is raising the bar for the university in the 21st century. Partnerships are key to the New American University – partnerships with businesses, foundations, community leaders, local and federal agencies, other educators and schools – and with private investors. These individuals and organizations see ASU graduates who are leaders in their communities. They see ASU teaching and research that delivers continued competitiveness for Arizona and our country. And they see their philanthropic investment delivering tangible results for generations to come. New American University donors are ground-floor partners in an enterprise that is literally changing our world. The ASU Foundation facilitates the private investments that propel this exciting university enterprise. By enabling donors to align their motivations with ASU’s aspirations, the Foundation helps the university bring its vast intellectual capital, research capacity and human talent to bear on issues that matter. A 501(c)(3) non-profit, the ASU Foundation manages the private gifts that advance the New American University at ASU. The Foundation reports its gifts in a variety of ways to satisfy different reporting agencies. The Foundation reports gifts using a counting methodology developed by the Council for Aid to Education (CAE) which emphasizes cash in the door counted for all supporting entities of ASU, in addition to the Foundation’s gift receipts. These gift receipts remained constant at $34 million. Our Form 990 shows direct public support that grew to $54 million for fiscal year 2011. The accounting method used for this form more closely represents Generally Accepted Accounting Principles (GAAP), a full accrual accounting methodology, than it does the CAE counting methodology. One of the main differences between the methods is the recognition of pledges. CAE counts the gift as the pledge payments are made, while GAAP and the Form 990 count the entire gift at the time the pledge is made. ASU paid the foundation $21.4 million in reimbursement of expenses to provide development, fundraising, and technology transfer Page 1 of 3 services for ASU in fiscal year 2011. ASU received $54.1 million from the foundation to pay for ASU scholarships and programs. Permanent endowment gifts are expected to provide long-term sustainability for a nonprofit organization. During the past few years, the foundation has been instrumental in growing ASU’s endowment gift portfolios. The endowment has grown to $515 million at June 30, 2011, an increase of $267 million since 2004. Below are some general information items that are intended to aid the reader in understanding the information that is presented in the IRS Form 990. Like all information that must be presented using a prescribed format, the financial information of the foundation has been grouped and aligned to meet the requirements and definitions of the IRS Form 990. It may not be the best format for presenting the foundation’s financial information in terms of understanding financial relationships, levels of materiality and priority, or providing the narrative information that gives a comprehensive view of the foundation’s financial activities. This Form 990 should be read in conjunction with the foundation’s audited financial statements, which can be found on our website. Dates: The 2010 Form 990 return covers the fiscal year from July 1, 2010, to June 30, 2011. General: IRS Form 990 is intended to disclose selected information about a tax exempt organization’s financial and operational activities. While some of the information is presented in accordance with Generally Accepted Accounting Principles (GAAP), it will not depict the activities of the organization in the same manner as the audited financial statements. Revenue: The ASU Foundation recognizes revenue from many different sources for fiscal year ended (FYE) June 30, 2011.    $54.1 million of contributions (shown on Part I, line 8). $9.9 million of investment return (Part I, line 10). $4.6 million of other revenue (line 11), the details of which can be seen on page 9 of the return, section VIII, lines 6d and 11e. Some elements of revenue and expense recognized in the audited financial statements are not included in the Form 990 totals. There is a reconciliation of the Form 990 revenue to the audited statements on Schedule D, Part XII of the Form 990. Expense: The ASU Foundation incurs many different types of expenses during the fiscal year in support of its objectives.  Total expenses (line 18) are broken down into functional categories on page 10, Part IX, of the Form 990. These breakdowns are predetermined by the IRS and organizations cannot deviate from the defined line items.  Statement of Functional Expenses (Part IX, lines 1-25) is presented to allow the reader to see how each natural category of expense is spread across the Page 2 of 3 functions of Program (direct ASU support), Management and General, and Fundraising. Balance Sheet Information: The assets and liabilities of the foundation (Part X, lines 1 – 34) are presented to allow the reader to understand the investment holdings, receivables, and payables of the foundation. Balance sheet items are explained fully in the footnotes to the foundation’s audited financial statements. Page 3 of 3 OMB No. 1545-004? Form 9 9 0 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung Department ?the Treasury benefit trust or private foundation) Open to public lntemai Revenue Service The organization may have to use a copy of this return to satisfy state reporting requirements. [nepection A For the 2010 calendar year, or tax year beginning 07 1?01 2010, and ending 06/30 20 1 1 0 Name of organization ARIZONA UNIVERSITY FouquTIou FOR A new 9 Employer identi?cation number 3 AMERICAN UNIVERSITY ?33.13? Doing Business Nam change Number and street (or PO. box if mail is not delivered to street address) Roomisuite Telephone number lnitiairetun P.O BOX 2260 (480) 965-3759 Teminam City or town. state or country. and ZIP 4 mi?? TEMPE, AZ 852 8 0 Gross receipts 52 1 97 ,r 047 . Name and address of principal officer: RICK SHANGRAW Hlai return for Yes IEI No 3 . UNIVERS ITY DR . TEMPE, AZ 8 8 1 Are ail affiliates included? Yes No I Tax-exempt status: I I 501(c)(3) I I 5010;) (insert no_attach alist. (see instructions) Website: . ASUFOUNDATION . ORG Hic) Group exemption number Form of organization: I I Corporation I I TrustI IAssociation I I Other I Year offormation: 1 955I State of legal domicile: AZ Pa 1 Summary 1 Briefly describe the organization's mission or most signi?cant activities: a, REE 1399913991313 2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets. .5 3 Number of voting members of the governing body (Part Vi, line 1aNumber of independent voting members of the governing body (Part VI. line 1bTotal number of individuals employed in calendar year 2010 (Part v, line 2aTotal number of volunteers (estimate if necessaryTotal gross unrelated business revenue from Part column (C), line 12 . 7a 67 429 - Net unrelated business taxable income from Form 9903]", line Prior Year Current Year a, 8 Contributions and grants (Part line 1h) I I 42, 033, 850. 54, 069, 576. 9 Program service revenue (Part line 29) I I COPY FOR Investment income (Part Vll]. column (A). lines 3. 4. and 7d)_ I PUBLIC INSPECTION Other revenue (Part column (A). lines 5. 6d, 8c. 9c. 10c. and 11eTotal revenue - add lines 8 through 11 (must equal Part column (A), line 12Grants and similar amounts paid (Part 1X. column (A). lines 1-Benefits paid to or for members (Part lX, column (A). line Salaries. other compensation. employee benefits (Part IX. column (A). lines 5-10Professional fundraising fees (Part IX, column (A). line He) I 1 000 - E- Total fundraising expenses (Part IX. column (D). line 25) 17 Other expenses (Part lX. column (A). I . . 23,474Jr 118. 16, 931.r 156. 18 Total expenses. Add lines 13-17 (must equal Part lX. column (A), line 25Revenue less expenses. Subtract line 18 from line ?939 Beginning of Current Year End of Year 20 Totalassetsrrartx-Iinem695:114r593- ?0:191:46?- its 21 Totalliabilitieswartx.Iinezei193r487r124- 205:541r866- ?5 22 Net assets or fund balances. Subtract line 21 from line Part ll Signature Block Under penalties of perjury. declare that have examined this return, including accompanying schedules and statements. and to the best of my knowledge and belief. it is true. correct. and complete. Declaration oi preparer (other than of?cer) is based on ail information of which preparer has any knowledge. Sign 2 Here Sig na?tuf'e of Btlircer' Date WE Up, CFO 7: Traqvjor-LI/ Type or print name and title PrinUType preparer's name Prep arer's signature Date Check if - Paid 1.:va5. 1:21.; mum-?mes se?f' JOSEPH S. 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