2022-04-19T19:45:29-05:00 2021-05-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2020-06-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706974 900 STATE STREET SALEM OR 97301 DANIEL VALLES SR VP, COO & TREASURER 5033706974 2022-04-19 1 DANIEL VALLES 999009999 WENDY CAMPOS P00448102 5032421447 2022-04-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEPHEN E THORSETT 900 STATE STREET SALEM OR 97301 153163722 0 X WWW.WILLAMETTE.EDU X 1842 OR WILLAMETTE UNIVERSITY PROVIDES RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SELECTED PROFESSIONAL FIELDS. TEACHING AND LEARNING, STRENGTHENED BY SCHOLARSHIP AND SERVICE, FLOURISH IN A VIBRANT CAMPUS COMMUNITY. A WILLAMETTE EDUCATION PREPARES GRADUATES TO TRANSFORM KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION AND MEANING. 33 30 1679 812 1106858 32374 15088114 11238009 112862444 102078361 718763 1453512 1582877 1247469 130252198 116017351 50114258 50150230 0 0 59826936 51525074 102013 152805 3594792 30660735 28603010 140703942 130431119 -10451744 -14413768 443732072 557446619 103810465 154282531 339921607 403164088 X WILLAMETTE UNIVERSITY PROVIDES RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SELECTED PROFESSIONAL FIELDS. TEACHING AND LEARNING, STRENGTHENED BY SCHOLARSHIP AND SERVICE, FLOURISH IN A VIBRANT CAMPUS COMMUNITY. A WILLAMETTE EDUCATION PREPARES GRADUATES TO TRANSFORM KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION AND MEANING. 0 0 104726100 50124358 93006439 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,277 IN THE COLLEGE OF ARTS AND SCIENCES, 325 IN THE COLLEGE OF LAW, 145 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, 12 IN DATA SCIENCE, AND 64 IN A JOINT DEGREE PROGRAM (1,823 STUDENTS). 9823180 25872 9071922 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 663 STUDENTS) AND SUMMER CONFERENCES. 114549280 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 3489 0 1 1679 1 1 1 1 SP 0 0 0 1 1 1 1 0 0 0 0 0 X 33 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA MI MN NH OR SC X X KENNETH L PIFER 5033706974 900 STATE STREET SALEM OR 97301 X STEPHEN E THORSETT PRESIDENT 40.00 X X 401690 0 177029 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 40.00 X X 217618 0 43223 LYNNE H SAXTON CHAIR 1.00 X X 0 0 0 KEVIN R SMITH VICE CHAIR 1.00 X X 0 0 0 DALE C SAUSE IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 SEAN B O'HOLLAREN SECRETARY 1.00 X X 0 0 0 EVA M KRIPALANI ASSISTANT SECRETARY 1.00 X X 0 0 0 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 40.00 X 108157 0 9660 CURTIS BRIDGEMAN RODERICK CAROL WENDT CHAIR IN BUSINESS LAW 40.00 X 249704 0 41797 CAROL LONG PROVOST & SENIOR VICE PRESIDENT 40.00 X 232309 0 41331 MICHAEL HAND PROFESSOR, ATKINSON GRADUATE SCHOOL OF MANAGEMENT 40.00 X 242110 0 29258 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 40.00 X 193238 0 31046 KENNETH PIFER CONTROLLER 40.00 X 157191 0 63317 BRIAN GALLINI DEAN, COLLEGE OF LAW 40.00 X 160971 0 18931 SYMEON SYMEONIDES ALEX L PARKS DISTINGUISHED PROF. OF LAW 40.00 X 272951 0 46176 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 40.00 X 256054 0 41002 YVONNE TAMAYO PROFESSOR OF LAW 40.00 X 208543 0 29975 NORMAN WILLIAMS KEN AND CLAUDIA PETERSON PROFESSOR OF LAW 40.00 X 205298 0 29449 DEBRA RINGOLD JELD-WEN PROFESSOR OF FREE ENTERPRISE 40.00 X 195172 0 27206 JAMES F ALBAUGH TRUSTEE 1.00 X 0 0 0 ROBIN O BRENA TRUSTEE 1.00 X 0 0 0 KATHERINE S CAHILL TRUSTEE 1.00 X 0 0 0 CHARLOTTE P CARPENTER TRUSTEE 1.00 X 0 0 0 JEFF CHUNG TRUSTEE 1.00 X 0 0 0 TRUMAN W COLLINS JR TRUSTEE 1.00 X 0 0 0 JAMES B CUNO TRUSTEE 1.00 X 0 0 0 PATRICIA FARRIS TRUSTEE 1.00 X 0 0 0 JULIE D FILIZETTI TRUSTEE 1.00 X 0 0 0 JAMES A FITZHENRY TRUSTEE 1.00 X 0 0 0 JOSEPH F HOFFMAN TRUSTEE 1.00 X 0 0 0 BRIAN R HUFFT TRUSTEE 1.00 X 0 0 0 LUCY M JENSEN TRUSTEE 1.00 X 0 0 0 KONRAD CHIP R KRUGER TRUSTEE 1.00 X 0 0 0 ELIZABETH J LARGE TRUSTEE 1.00 X 0 0 0 LINDA G LEWIS TRUSTEE 1.00 X 0 0 0 MICHAEL S MARTINEZ TRUSTEE 1.00 X 0 0 0 HEIDI A PATTERSON TRUSTEE 1.00 X 0 0 0 LYNN E RISTIG TRUSTEE 1.00 X 0 0 0 SANDRA M ROWE TRUSTEE 1.00 X 0 0 0 MELISSA L SMITH TRUSTEE 1.00 X 0 0 0 COLBY R TAKEDA TRUSTEE 1.00 X 0 0 0 JON T THOMSEN TRUSTEE 1.00 X 0 0 0 JOHNNY C VONG TRUSTEE 1.00 X 0 0 0 PATRICK J WAITE TRUSTEE 1.00 X 0 0 0 BJ WRIGHT TRUSTEE 1.00 X 0 0 0 3101006 0 629400 93 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 2707551 AMERICAN CLEANING SOLUTIONS INC PO BOX 66681 PORTLAND OR 97290 JANITORIAL 1170161 FXG CONSTRUCTION LLC 3833 CROISAN CREEK RD S SALEM OR 97302 CONSTRUCTION 662737 CARNEGIE DARTLET LLC 210 LITTLETON RD WESTFORD MA 01886 MARKETING 384388 MURMUR CREATIVE LLC 1300 SE STARK ST SUITE 210 PORTLAND OR 97214 MARKETING 348677 17 4434666 6803343 515681 11238009 TUITION AND FEES 611310 93006439 93006439 ROOM AND BOARD FEES 721310 8927245 8927245 AUXILIARY INCOME 611710 144677 144677 102078361 1448675 1039282 409393 103197 0 103197 103197 103197 37151208 37146371 4837 4837 4837 ACTIVITY FEES 611310 464122 464122 PARKING 812930 319485 67576 251909 TRUST DISTRIBUTIONS 525920 97743 97743 262922 262922 1144272 116017351 102078361 1106858 1594123 50150230 50150230 2605527 839385 1514457 251685 250443 53638 196805 37364194 31896638 3374397 2093159 2823907 2426990 213741 183176 5499481 4609014 545984 344483 2981522 2476251 324574 180697 462413 74534 386788 1091 90330 3150 87180 152805 152805 1372301 1372301 5530463 3775043 1680097 75323 585843 469200 110351 6292 2994928 2094083 685577 215268 1927356 1775392 72954 79010 2335110 2317698 17303 109 299618 285829 12205 1584 35923 24489 3550 7884 2264848 2264848 5635641 5411736 223905 1292229 1744 1290485 FOOD SERVICE 2590186 2582846 5804 1536 BOOKS AND PERIODICALS 822670 822670 MEMBERSHIPS 305774 144127 160957 690 THEATRE PRODUCTION 20742 20742 36635 29003 7632 130431119 114549280 12287047 3594792 124490 2214360 24473216 17028654 2254341 2129833 3835324 5011442 4524509 3377457 842499 1281192 262554249 131273680 135584934 131280569 21285141 78512654 246491524 312145040 1150190 1299514 3165904 3165904 443732072 557446619 17679147 17329898 2000071 1489940 64560341 100822223 1265200 859972 18305706 33780498 103810465 154282531 X 98645510 95775964 241276097 307388124 339921607 403164088 443732072 557446619 X -14413768 74569268 3086981 X 0 0 1 1 X 10272514 11024404 8843466 15088114 11238009 56466507 10272514 11024404 8843466 15088114 11238009 56466507 5525474 50941033 230178 339778 532753 380739 409393 1892841 32374 32374 354753 1369612 582837 1571054 1247469 5125725 63517447 579362447 0.80200 0.76330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41665 6261997 X X X X 0 0 0 249725853 2356252 75631109 5324551 8868842 1349802 312170019 258143403 9538492 -2531632 5091731 9044858 1287821 249725853 258630480 4232851 8281150 4406926 7398561 1195591 258143403 240701156 6865714 23854468 3810478 7757467 1222913 258630480 229133489 3528612 21941870 3905787 8841907 1155121 240701156 0.09000 0.51900 0.39100 1 0 8659554 8659554 182234322 79613426 102620896 15923224 12942330 2980894 9031094 7747961 1283133 46706055 30969963 15736092 131280569 MULTI-STRATEGY LIMITED PARTNERSHIP INVESTMENT FUND 287543079 F PRIVATELY POOLED FUNDS 24601961 F 312145040 BONDS PAYABLE 15000000 ANNUITIES AND TRUSTS PAYABLE 14831694 GOVERNMENT ADVANCES FOR STUDENT LOANS 3948804 33780498 X 143828574 74569268 -44333194 30236074 113592500 1385569 1039282 2424851 116017351 80586092 0 80586092 1385569 48459458 49845027 130431119 PART III, LINE 4: WILLAMETTE UNIVERSITY HAS A COLLECTION OF ART AND CULTURAL/HISTORICAL ARTIFACTS THAT CONSISTS OF PAINTINGS, PHOTOGRAPHS, CERAMICS, DRAWINGS, ARCHAEOLOGICAL ARTIFACTS, TEXTILES, SCULPTURES, NATIVE AMERICAN WOVEN BASKETS, AND OTHER MEDIA. THE COLLECTION IS HELD AT $6,261,997 AND IS HELD IN THE UNIVERSITY ART MUSEUM. THE MUSEUM EXISTS TO SUPPORT THE LIBERAL ARTS CURRICULUM OF WILLAMETTE UNIVERSITY AND TO SERVE AS AN INTELLECTUAL AND CULTURAL RESOURCE FOR THE CITY OF SALEM AND BEYOND, THROUGH THE COLLECTION, PRESERVATION, EXHIBITION AND INTERPRETATION OF HISTORICAL AND CONTEMPORARY ART WITH AN EMPHASIS ON REGIONAL ART. PART V, LINE 4: THE ENDOWMENT FUNDS HELD BY THE UNIVERSITY ARE USED TO SUPPORT OPERATIONS, INCLUDING FINANCIAL AID, INSTRUCTION AND BUILDINGS. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ASC 740-10, INCOME TAXES - OVERALL, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION OF TAX BENEFITS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY DRAWS AN AVERAGE OF 65% OF INCOMING STUDENTS FROM OUTSIDE OREGON, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, THE UNIVERSITY IS EXEMPT FROM THE REQUIREMENT TO PUBLISH THE NOTICE OF NONDISCRIMINATION POLICY IN A LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV FUNDS FOR FINANCIAL AID PURPOSES, AS WELL AS FEDERAL AND STATE GRANTS FOR FACULTY RESEARCH AND PROGRAMMING PURPOSES. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 5 PROGRAM SERVICES STUDY ABROAD PROGRAM 181817 0 5 0 0 0 5 181817 0 181817 0 0 0 0 0 0 PART I, LINE 2: SCHOLARSHIPS/GRANTS AWARDED TO STUDENTS WHO ARE STUDYING ABROAD ARE APPLIED TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS OFFSET TUITION AND FEES TO REDUCE THE AMOUNT THAT STUDENTS OWE TO THE UNIVERSITY. THUS, THE STUDENTS DO NOT PHYSICALLY RECEIVE THE MONEY. PROCEDURES DO NOT DIFFER FROM THOSE APPLIED TO STUDENTS WHO ARE ATTENDING ON CAMPUS, OTHER THAN VERIFICATION OF PARTICIPATION AND COMPLETION OF THE PROGRAM. THE FOLLOWING ARE THE PROCEDURES FOLLOWED BY THE UNIVERSITY FOR MONITORING THE USE OF SCHOLARSHIP/GRANT FUNDS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILES ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED.) PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE CASH METHOD. PART III ACCOUNTING METHOD: X X X X X X X 1 WEST WIND CONSULTING STRATEGIES IN FUNDRAISING LLC 120 BRINDLEY ST SUITE 7 ITHACA NY 14850 CONSULTING 0 0 139493 -139493 PENTERA INC 8650 COMMERCE PARK PL SUITE G INDIANAPOLIS IN 46268 MARKETING 0 0 13312 -13312 152805 -152805 AK AL AR AZ CA CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV WY 1 SCHOLARSHIPS TO STUDENTS 1833 48376789 CARES HEERF STUDENT RELIEF GRANTS 372 833485 OTHER STUDENT AWARDS AND PRIZES 193 939956 PART I, LINE 2: PROCEDURES FOR MONITORING OF SCHOLARSHIPS - THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED). PROCEDURES FOR MONITORING RESEARCH GRANTS: PROCEDURES FOR MONITORING RESEARCH GRANTS VARY DEPENDING ON THE REQUIREMENTS OF THE AWARDING ENTITY AND THE GRANT. HOWEVER, MONITORING PROCEDURES TYPICALLY INVOLVE WRITTEN AND/OR VERBAL REPORTS ON THE RESEARCH PROJECT ARE SUBMITTED DURING AND/OR AT THE CONCLUSION OF THE PROJECT; FINANCIAL REPORTS ARE PREPARED BY THE ACCOUNTING OFFICE AND SUBMITTED FOR REIMBURSEMENT OF PROJECT EXPENDITURES. FINAL PAYMENT OF GRANT FUNDS IS OFTEN CONTINGENT ON THE AFOREMENTIONED ITEMS. DEPARTMENTS AND PRINCIPAL INVESTIGATORS OR GRANT ADMINISTRATORS ARE RESPONSIBLE FOR MONITORING OF GRANT FUNDS WITH ASSISTANCE FROM THE OFFICE OF GRANTS AND STRATEGIC INITIATIVES AND THE ACCOUNTING OFFICE. PROCEDURES FOR MONITORING OTHER AWARDS AND PRIZES: AWARD/PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THE RESPECTIVE DEPARTMENTS. DEPENDING ON THE NATURE OF THE GRANT, DEPARTMENTS PARTNER WITH A VARIETY OF UNIVERSITY OFFICES INCLUDING FINANCIAL AID, ADVANCEMENT, GRANTS AND STRATEGIC INITIATIVES, AND ACCOUNTING TO MAKE SURE THAT THE AWARD FUNDS ARE DISBURSED CONSISTENTLY WITH THE REQUIREMENTS OF THE GRANT OR RESTRICTED FUND. X X X X 0 1 X X X X 0 1 0 0 0 0 0 0 0 STEPHEN E THORSETT PRESIDENT 391630 0 0 0 10060 0 75168 0 101861 0 578719 0 0 0 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 217142 0 0 0 476 0 27498 0 15725 0 260841 0 0 0 CURTIS BRIDGEMAN RODERICK CAROL WENDT CHAIR IN BUSINESS LAW 248843 0 0 0 861 0 18459 0 23338 0 291501 0 0 0 CAROL LONG PROVOST & SENIOR VICE PRESIDENT 226505 0 0 0 5804 0 16983 0 24348 0 273640 0 0 0 MICHAEL HAND PROFESSOR, ATKINSON GRADUATE SCHOOL 229623 0 0 0 12487 0 16589 0 12669 0 271368 0 0 0 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 192338 0 0 0 900 0 13409 0 17637 0 224284 0 0 0 KENNETH PIFER CONTROLLER 156669 0 0 0 522 0 11906 0 51411 0 220508 0 0 0 BRIAN GALLINI DEAN, COLLEGE OF LAW 121551 0 0 0 39420 0 6494 0 12437 0 179902 0 0 0 SYMEON SYMEONIDES ALEX L PARKS DISTINGUISHED PROF. OF LAW 250408 0 0 0 22543 0 21954 0 24222 0 319127 0 0 0 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 248770 0 0 0 7284 0 30480 0 10522 0 297056 0 0 0 YVONNE TAMAYO PROFESSOR OF LAW 202009 0 0 0 6534 0 17143 0 12832 0 238518 0 0 0 NORMAN WILLIAMS KEN AND CLAUDIA PETERSON PROFESSOR OF LAW 186315 0 0 0 18983 0 16043 0 13406 0 234747 0 0 0 DEBRA RINGOLD JELD-WEN PROFESSOR OF FREE ENTERPRISE 172218 0 0 0 22954 0 14632 0 12574 0 222378 0 0 0 PART I, LINE 1A THE UNIVERSITY PRESIDENT IS REQUIRED AS A CONDITION OF EMPLOYMENT TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE UNIVERSITY. THE HOUSING ARRANGEMENT IS FOR THE CONVENIENCE OF THE UNIVERSITY AND THE HOUSE IS USED FOR UNIVERSITY BUSINESS. THE PRESIDENT FLEW FIRST CLASS ON ONE OCCASION DURING THE FISCAL YEAR. CLUB MEMBERSHIPS WERE PROVIDED TO THE UNIVERSITY PRESIDENT AND ARE USED FOR UNIVERSITY BUSINESS MEETINGS. PERSONAL SERVICES CONSIST OF CUSTODIAL SERVICES FOR THE UNIVERSITY-OWNED RESIDENCE OCCUPIED BY THE PRESIDENT. PART I, LINE 1B ITEMS NOTED IN LINE 1A WERE PROVIDED BASED ON EMPLOYMENT AGREEMENTS WITH THE UNIVERSITY PRESIDENT AND OTHER EMPLOYEES, AND THE UNIVERSITY FOLLOWED THE PROVISIONS OF THESE AGREEMENTS REGARDING PAYMENT/REIMBURSEMENT/ PROVISION OF THESE ITEMS. PART I, LINE 4B THE EMPLOYMENT AGREEMENT FOR PRESIDENT THORSETT INCLUDES A LONGEVITY BONUS EQUAL TO 10% OF HIS BASE SALARY FOR EACH OF THE FIVE YEARS FOLLOWING JULY 1, 2016, PAYABLE AFTER JUNE 30, 2021. DURING FISCAL YEAR 2017-2018, VICE PRESIDENT FOR ADVANCEMENT SHELBY RADCLIFFE SIGNED AN AGREEMENT WHICH PROVIDES A LONGEVITY BONUS EQUAL TO 5% OF HER SALARY, PAYABLE UPON COMPLETION OF 6 YEARS OF FULL SERVICE ENDING ON MAY 31, 2023. A STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JTZ4 2016-07-14 22815181 SEE SCHEDULE K, PART VI 0 0 0 B STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JYY1 2021-05-27 79865559 SEE SCHEDULE K, PART VI 0 0 0 A 22837167 315181 9720449 12500000 2020 0 1 1 1 B 79865559 35166764 2065778 1339157 48460624 28000000 2024 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 7/14/16 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2016 SERIES B BONDS WERE USED TO REFUND THE SERIES 2014 BONDS AND TO FUND $10 MILLION IN RESIDENCE HALL AND SPORTING FACILITIES UPGRADES. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 05/27/21 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2021-A SERIES BONDS WERE USED TO REFUND THE SERIES 2010, SERIES 2016-A, AND SERIES 2016-C BONDS AND FUND CAMPUS MAINTENANCE AND UPGRADES. SCHEDULE K, PART II, LINE 3: (A) TOTAL PROCEEDS OF ISSUE INCLUDE $21,986 OF INVESTMENT EARNINGS. 28450 SCHOLARSHIP TUITION ASSISTANCE RACHEL DEWEY THORSETT SPOUSE OF OFFICER STEPHEN THORSETT 53638 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: RACHEL DEWEY THORSETT(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:SPOUSE OF OFFICER STEPHEN THORSETT X 14 41665 OPINION OF EXPERTS X 39 461801 FAIR MARKET VALUE X GRAND PIANO 1 12215 APPRAISAL 1 0 1 0 SCHEDULE M, PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF ACTUAL CONTIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS RECEIVED FOR EACH CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 2 BRIAN HUFFT AND CHIP KRUGER WERE EACH 20% OWNERS IN THE SAME STARTUP VENTURE. EVA KRIPALANI AND ELIZABETH LARGE ARE BUSINESS PARTNERS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN ONLY BE ACCESSED BY MEMBERS OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. NEXT, THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN BE ACCESSED BY ALL MEMBERS OF THE BOARD OF TRUSTEES. THEY ARE NOTIFIED VIA EMAIL THAT THE FORM IS AVAILABLE FOR THEIR REVIEW. AFTER THE FORM HAS BEEN MADE AVAILABLE FOR REVIEW BY ALL NOTED PARTIES, IT IS MODIFIED (IF NECESSARY), FINALIZED, AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS AND KEY EMPLOYEES MUST COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE, RETURNING IT TO THE PRESIDENT'S OFFICE (OFFICERS AND TRUSTEES) OR THE CONTROLLER'S OFFICE (KEY EMPLOYEES). THE BOARD'S PROCESS FOR ADDRESSING CONFLICTS OF INTEREST IN ACCORDANCE WITH THE ADOPTED ABOVE-REFERENCED POLICY IS AS FOLLOWS: "IF AN INDIVIDUAL BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT ON A FORM TO THE CHAIRMAN OF THE BOARD OF TRUSTEES OR PRESIDENT, OR THE CHAIR OF ANY COMMITTEE OF THE BOARD CONSIDERING THE MATTER, AND SHALL REFRAIN FROM PARTICIPATING ON BEHALF OF THE UNIVERSITY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL THE CONFLICT QUESTION HAS BEEN WAIVED BY VOTE OF THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD AFTER THE MATERIAL FACTS OF THE TRANSACTION AND THE INDIVIDUAL'S INTEREST ARE DISCLOSED OR KNOWN TO THE BOARD OR COMMITTEE OF THE BOARD, OR OTHERWISE RESOLVED IN COMPLIANCE WITH THE OREGON NONPROFIT CORPORATION ACT (ORS CH. 65)." THE BOARD CHAIR, BOARD TREASURER, AND ADMINISTRATIVE SECRETARY TO THE BOARD MONITOR COMPLIANCE ON AN ONGOING BASIS. MONITORING ACTIVITIES MAY INCLUDE REVIEW OF MEETING MINUTES BY THE ADMINISTRATIVE SECRETARY TO IDENTIFY POTENTIAL/DEVELOPING CONFLICTS OR CONFLICTS THAT MAY HAVE ALREADY OCCURRED AND INFORMAL DISCUSSIONS WITH COMMITTEE CHAIRS OR BOARD OFFICERS TO RAISE AWARENESS OF CONFLICTS AND POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION FOR THE PRESIDENT, EXECUTIVE MANAGEMENT, AND KEY EMPLOYEES, THE COMPENSATION COMMITTEE OF THE BOARD (MADE UP OF THE CHAIR, VICE CHAIR, AND AUDIT CHAIR) REVIEWS COMPARISON DATA THAT INCLUDES: (A) DATA FROM SIMILARLY-SITUATED INSTITUTIONS; (B) POSITIONS IN MARKETS OUTSIDE HIGHER EDUCATION WHERE APPROPRIATE; AND (C) THE KNOWLEDGE, PERFORMANCE, SKILL, AND OTHER RELEVANT FACTORS OF THE CANDIDATE. THE COMPENSATION DATA IS COLLECTED FROM NATIONAL AND REGIONAL SURVEYS, AS WELL AS OTHER SOURCES. THE COMPENSATION COMMITTEE APPROVES COMPENSATION BASED ON THESE FACTORS AND DATA. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN THE FISCAL YEAR ENDING 2021. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY FILED FOR TAX EXEMPTION BEFORE JULY 15, 1987 AND DID NOT HAVE A COPY OF FORM 1023 ON FILE AT THAT TIME AND IS THEREFORE NOT REQUIRED TO MAKE FORM 1023 PUBLICLY AVAILABLE. THE UNIVERSITY INSTEAD POSTS A COPY OF ITS CURRENT IRS EXEMPTION LETTER ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, BYLAWS AND ARTICLES OF INCORPORATION ARE POSTED ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, LINE 1A THE TREASURER OF THE ORGANIZATION IS NOT CONSIDERED A TRUSTEE BUT IS CONSIDERED A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THIS POSITION IS REPORTED AS A DIRECTOR/TRUSTEE ON THE FORM 990 BECAUSE MEMBERS OF THE EXECUTIVE COMMITTEE HAVE THE RIGHT TO VOTE ON CERTAIN BOARD MATTERS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND TRUSTS 3,998,413. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -1,039,282. NONCASH EMPLOYEE BENEFITS NOT RECORDED ON FINANCIAL STATEMENTS 78,427. TUITION REMISSION NOT RECORDED ON FINANCIAL STATEMENTS 49,424. ROUNDING -1. WILLAMETTE ANGEL FUND LLC 900 STATE STREET SALEM OR 97301 271638088 INVESTMENT OR 376003 775308 WILLAMETTE UNIVERSITY WUE INVESTMENTS HOLDINGS LP 550 S TRYON ST SUITE 3500 CHARLOTTE NC 28202 331168742 INVESTMENT DE GLOBAL ENDOWMENT MANAGEMENT EXCLUDED 10325725 167081899 0 0 1.00000 CHARITABLE REMAINDER TRUSTS (38) BENEFICIAL INTEREST OR N/A 0 IRREVOCABLE NON-QUALIFIED TRUST BENEFICIAL INTEREST OR N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 WUE INVESTMENTS HOLDINGS LP S 7500000 FAIR MARKET VALUE