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← K U ENDOWMENT CHARITABLE GIFT FUND

Form 990 for tax year 2022

Filed by K U ENDOWMENT CHARITABLE GIFT FUND.

Totals

Total revenue
$216,011
Total expenses
$505,984
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$0
Investment income
$216,011
Other revenue
$0
Total assets, end of year
$6,338,236
Total liabilities, end of year
$8,209
Net assets or fund balances, end of year
$6,330,027
Program services expenses (Part IX)
$500,000
Management and general expenses
$5,984
Fundraising expenses
$0
Program service expenses (Part III)
$500,000

Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $216,011 · excluded $216,011

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $500 · management and general $500

  • 11c · Fees: accounting

    total $5,444 · management and general $5,444

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Annual Report Fee

    total $40 · management and general $40

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,333 · end of year $69,797

  • 2 · Savings and temporary cash investments

    beginning of year $97,936 · end of year $104,044

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,451,919 · end of year $6,164,395

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $8,209

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$2,528 · end of year -$7,812

  • 28 · Net assets with donor restrictions

    beginning of year $6,649,716 · end of year $6,337,839

Mission and programs · 2022

Mission

To strengthen the University and communities that have touched the lives of KU alumni and friends, the mission of The KU Endowment Charitable Gift Fund is to receive and administer gifts and bequests to further the charitable objectives of the Kansas University Endowment Association and a number of community foundations across the country.

Activities or mission (Part I)

To support the charitable organizations specified in Schedule A, Part I

  • The KU Endowment Charitable Gift Fund makes it possible for a donor to support other charities (as listed on Schedule A) while at least 25% of their charitable gifts further the mission of the University of Kansas. A donor can establish a charitable remainder unitrust or a donor advised fund where other 501(c)(3) charities may be benefited in addition to the Kansas University Endowment Association.

    Expenses $500,000 · Grants $500,000

As filed on the 2022 return.

Listed in Part VII

  • Kurt D Watson

    CHAIR (VOLUNTEER)

    Total calculated
    $0
    Hours/week
    0.1 + 4 related

  • Linda Ellis Sims

    SECRETARY (VOLUNTEER)

    Total calculated
    $0
    Hours/week
    0.1 + 4 related

  • Robert D Taylor

    VICE CHAIR ((VOLUNTEER)

    Total calculated
    $0
    Hours/week
    0.1

  • D Jerome Davies

    EVP DEVELOPMENT (ENDING MAY 2023)

    Total calculated
    $518,361
    From this org
    $0
    From related orgs
    $367,584
    Other
    $150,777
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,584 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $134,185 related
    Nontaxable benefits
    $0 + $16,592 related
    Filer's total
    $0 + $518,361 related

  • Dale W Seuferling

    PRESIDENT (ENDING AUG 2022)

    Total calculated
    $2,941,986
    From this org
    $0
    From related orgs
    $2,268,737
    Other
    $673,249
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $470,528 related
    Bonus
    $0
    Other
    $0 + $1,798,209 related
    Deferred
    $0 + $663,912 related
    Nontaxable benefits
    $0 + $9,337 related
    Filer's total
    $0 + $2,941,986 related

  • Daniel J Martin

    PRESIDENT (STARTING DEC 2022)

    Total calculated
    $211,977
    From this org
    $0
    From related orgs
    $201,994
    Other
    $9,983
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,994 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,643 related
    Nontaxable benefits
    $0 + $5,340 related
    Filer's total
    $0 + $211,977 related

  • James G Clarke

    TREASURER

    Total calculated
    $848,155
    From this org
    $0
    From related orgs
    $730,861
    Other
    $117,294
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,051 related
    Bonus
    $0 + $367,810 related
    Other
    $0
    Deferred
    $0 + $116,481 related
    Nontaxable benefits
    $0 + $813 related
    Filer's total
    $0 + $848,155 related

  • Stacy Nuss

    ASSISTANT SECRETARY

    Total calculated
    $449,579
    From this org
    $0
    From related orgs
    $323,205
    Other
    $126,374
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,307 related
    Bonus
    $0 + $115,898 related
    Other
    $0
    Deferred
    $0 + $125,731 related
    Nontaxable benefits
    $0 + $643 related
    Filer's total
    $0 + $449,579 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The Nonqualified Retirement Plan for Employees of the related organization, Kansas University Endowment Association (the "Nonqualified Plan'), is a supplemental nonqualified retirement plan described in Internal Revenue Code section 457(f) that provides benefits in excess of the limits imposed by Internal Revenue Code sections 401(a)(17) and 415 under The Kansas University Endowment Association's qualified retirement plan. A participant's Nonqualified Plan benefit vests on the earlier of the participant's attainment of age 65 or termination of employment without cause, and the benefit is paid in a lump sum within 60 days following the participant's termination of employment. During the year, three executive officers participated in the Nonqualified Plan and had deferred benefits reported in Sch. J, Part II, column C in the amounts of $359,978 for Dale Seuferling, $81,105 for James G. Clarke, and $64,793 for D. Jerome Davies. STACY NUSS BECAME NEWLY VESTED AND HAD DEFERRED BENEFITS REPORTED IN THE AMOUNT OF $11,743. THE AMOUNT REPORTED FOR DALE SEUFERLING IN COLUMN (F) IS INCLUDED IN B(iii) AS OTHER REPORTABLE COMPENSATION. THIS AMOUNT IS A PAYOUT OF THE NONQUALIFIED RETIREMENT PLAN AND WAS INCLUDED IN COLUMN (C) OF PREVIOUSLY FILED FORMS 990.
Schedule J, Part I, Line 3 Compensation paid by related organization
See Schedule O statement for Part VI, Section B, Line 15, for discussion of compensation of the organization's officers by a related organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202421319349304292

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