TY 2018 Form 990 Schedule O

efile Public Visual Render ObjectId: 201941339349306554 - Submission: 2019-05-13 TIN: 16-1068101

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

THE UPSTATE FOUNDATION INC

Employer identification number

16-1068101

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION'S FORM 990 IS PREPARED BY AN EXTERNAL AUDITING FIRM AFTER CONDUCTING THE ANNUAL AUDIT. THE FULL RETURN IS REVIEWED BY THE EXECUTIVE COMMITTEE AND SIGNED BY THE TREASURER. THE FULL RETURN, EXCLUDING SCHEDULE B, IS MADE AVAILABLE TO THE ENTIRE BOARD. SCHEDULE B IS EXCLUDED BASED ON CONFIDENTIALITY CONCERNS AS SOME OF THE DONORS LISTED HAVE CHOSEN TO REMAIN ANONYMOUS.
FORM 990, PART VI, SECTION B, LINE 12C	ALL BOARD MEMBERS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE EXECUTIVE COMMITTEE WILL OVERSEE THE CONFLICT OF INTEREST POLICY AND WILL BE APPRISED OF ANY POSITIVE CONFLICT OF INTEREST RESPONSES. THE EXECUTIVE COMMITTEE WILL REVIEW ALL POSITIVE CONFLICT OF INTEREST RESPONSES, REVIEW THE MATERIAL FACTS RELATED THERETO, CONDUCT ANY INDEPENDENT INVESTIGATION THE EXECUTIVE COMMITTEE DETERMINES TO BE NECESSARY AND MAKE RECOMMENDATION TO THE BOARD OF DIRECTORS REGARDING WHETHER A CONFLICT OF INTEREST EXISTS.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE MEETS ANNUALLY WITH THE VICE PRESIDENT FOR DEVELOPMENT (FOUNDATION EXECUTIVE DIRECTOR). THE VP PRESENTS COMPENSATION RECOMMENDATIONS AS WELL AS COMPARABLES AND BUDGETARY INFORMATION, AS AGREED UPON WITH THE COMMITTEE. THE COMPENSATION COMMITTEE CONSULTS WITH THE VP, AND THEN MEETS SEPARATELY TO DISCUSS AND DETERMINE COMPENSATION FOR THE VP.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION. OTHER GOVERNING DOCUMENTS ARE AVAILABLE ON ORGANIZATION'S WEBSITE.
FORM 990, PART XI, LINE 9:	BOOK/TAX DIFFERENCE ON GAIN -610,731. BOOK/TAX DIFFERENCE ON TRUST REVENUE -31,018.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE ORGANIZATION'S FORM 990 IS PREPARED BY AN EXTERNAL AUDITING FIRM AFTER CONDUCTING THE ANNUAL AUDIT. THE FULL RETURN IS REVIEWED BY THE EXECUTIVE COMMITTEE AND SIGNED BY THE TREASURER. THE FULL RETURN, EXCLUDING SCHEDULE B, IS MADE AVAILABLE TO THE ENTIRE BOARD. SCHEDULE B IS EXCLUDED BASED ON CONFIDENTIALITY CONCERNS AS SOME OF THE DONORS LISTED HAVE CHOSEN TO REMAIN ANONYMOUS.

FORM 990, PART VI, SECTION B, LINE 12C

ALL BOARD MEMBERS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE EXECUTIVE COMMITTEE WILL OVERSEE THE CONFLICT OF INTEREST POLICY AND WILL BE APPRISED OF ANY POSITIVE CONFLICT OF INTEREST RESPONSES. THE EXECUTIVE COMMITTEE WILL REVIEW ALL POSITIVE CONFLICT OF INTEREST RESPONSES, REVIEW THE MATERIAL FACTS RELATED THERETO, CONDUCT ANY INDEPENDENT INVESTIGATION THE EXECUTIVE COMMITTEE DETERMINES TO BE NECESSARY AND MAKE RECOMMENDATION TO THE BOARD OF DIRECTORS REGARDING WHETHER A CONFLICT OF INTEREST EXISTS.

FORM 990, PART VI, SECTION B, LINE 15

THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE MEETS ANNUALLY WITH THE VICE PRESIDENT FOR DEVELOPMENT (FOUNDATION EXECUTIVE DIRECTOR). THE VP PRESENTS COMPENSATION RECOMMENDATIONS AS WELL AS COMPARABLES AND BUDGETARY INFORMATION, AS AGREED UPON WITH THE COMMITTEE. THE COMPENSATION COMMITTEE CONSULTS WITH THE VP, AND THEN MEETS SEPARATELY TO DISCUSS AND DETERMINE COMPENSATION FOR THE VP.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION. OTHER GOVERNING DOCUMENTS ARE AVAILABLE ON ORGANIZATION'S WEBSITE.

FORM 990, PART XI, LINE 9:

BOOK/TAX DIFFERENCE ON GAIN -610,731. BOOK/TAX DIFFERENCE ON TRUST REVENUE -31,018.

FORM 990, PART XII, LINE 2C:

THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

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