2022-03-01T14:50:51-07:00 2021-06-30 990 2020-07-01 936022772 OREGON STATE UNIVERSITY FOUNDATION OREG 5417374218 4238 SW Research Way Corvallis OR 973331068 Steven Schauble Vice President & CFO 5417377499 2022-03-01 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Shawn Scoville Oregon State University Foundation 4238 SW Research Way Corvallis OR 973331068 218926421 0 X www.osufoundation.org X 1947 OR The OSU Foundation partners with Oregon State University to engage our community, inspire investment, and steward resources to enhance the university's excellence and impact. 33 31 175 33 0 -40692 93028322 90944982 1338931 228328 20095789 61359002 17916447 28039102 132379489 180571414 0 0 0 0 31621515 29345551 0 15253 15885427 92045058 56672097 123666573 86032901 8712916 94538513 833330950 1081350817 94381459 112909827 738949491 968440990 X MISSION: The OSU Foundation partners with Oregon State University to engage our community, inspire investment, and steward resources to enhance the university's excellence and impact. VISION: To create a better world by inspiring support of - and for - Oregon State University. 0 0 11297676 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY21 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 2,050 unique scholarship and fellowship funds of various types and amounts at the OSU Foundation. These funds help ensure that an OSU education is accessible to qualified students, regardless of economic circumstances, and allow the University to recruit and retain the best and brightest students from Oregon and beyond. 24578266 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY21, to support the construction or renovation of campus facilities. Major projects in FY21 included: OSU-Cascades Edward J Ray Hall, the Arts & Education Complex, a new gymnastics training facility, completion costs on the Oregon Forest Science Complex, and the Marine Studies Building in Newport, renovations to Reser Stadium, the Valley Football Center, President's residence, the Central Oregon Ag Research & Extension Center (COARC), P Wayne Valley Sports Performance Center, Gill Colosseum, Goss Stadium, and the soccer and softball complexes. 17002310 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY21, to support teaching and research. With 150 endowed faculty positions at the University, donors to the OSU Foundation provide critically needed private funds to help recruit and retain world-class talent in the classrooms and labs. During the year, Foundation funds helped support OSU's internationally recognized programs in marine sciences, forestry, and agricultural sciences, among others. 2254 0 0 Books, Periodicals & Subscriptions 459 0 0 Capital Outlay 33478 0 3950 Conferences, Meetings and Seminars 5372 0 0 Donor Cultivation/Stewardship 14723 0 47575 Dues and Memberships 261274 0 0 Equipment 23546 0 134464 Events 235251 0 0 Information Technology 2975058 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) 384 0 0 Licenses and Permits 485932 0 0 Maintenance & Repair 79756 0 0 Office & Admin Supplies 898580 0 0 Payroll 500 0 0 Photography 163343 0 0 Public Relations/Entertaining 119167 0 0 Publishing/Printing 486180 0 0 Recognition and Awards 14551 0 0 Rentals & Leases 579457 0 42339 Services 1428126 0 0 Special program expense 9750 0 0 Staff Meetings/Training 2005 0 0 Telephone/Internet 112004 0 0 Travel 1671181 0 0 University Endowment Distribution 0 0 0 Rounding 9602331 0 228328 62480583 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 121 0 1 175 1 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO KY MD ME MN NH NJ NY OH OK OR SC UT WA WV X X Patricia Nowak 5417374922 4238 SW Research Way Corvallis OR 973331068 Shawn Scoville President and CEO 40 0 X 580202 0 48450 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X 340469 0 46906 Steven M Schauble Treasurer, VP and CFO 40 0 X 324595 0 50227 Constance C French VP for Principal Gifts 40 0 X 311053 0 50677 Kristin G Watkins Associate VP for Development, Portland Center 40 0 X 245447 0 44898 Kevin L Harvey Associate VP, Finance 40 0 X 243692 0 44945 Todd R Bastian Associate VP for Development 40 0 X 244230 0 44015 J Michael Goodwin President and CEO, former 0 0 X 124026 0 0 Laura Pribyl Secretary - Director of Board Relations 40 0 X 73421 0 12354 Tiffany M Dean Secretary - Director of Board Relations, former 40 0 X 28268 0 5485 Leonard Aplet Trustee - Investment Chair 4 0 X 0 0 0 Penny Atkins Trustee 2 0 X 0 0 0 Ken Austin Trustee - Executive Committee 4 0 X 0 0 0 Ken Barrow Trustee - Audit Chair 4 0 X 0 0 0 Michelle Bottaro Trustee 2 0 X 0 0 0 Rebecca Camden Trustee - Finance Chair 4 0 X 0 0 0 Sandy Campbell Trustee - Executive Committee 4 1 X 0 0 0 Gordon Clemons Trustee 2 0 X 0 0 0 Jon DeVaan Trustee - Campaign Steering Co-Chair 4 0 X 0 0 0 Jill Eiland Trustee - External Relations Chair 4 1 X 0 0 0 Pat Egan Trustee 1 0 X 0 0 0 Dick Evans Trustee 2 0 X 0 0 0 Nancy Fischer Trustee 2 0 X 0 0 0 Steven Jackson Trustee 2 0 X 0 0 0 Dan Jarman Trustee - Executive Committee 4 1 X 0 0 0 Doug Layman Trustee - Executive Committee 4 0 X 0 0 0 Gregory Macpherson Trustee 2 0 X 0 0 0 Frank Morse Trustee 2 0 X 0 0 0 Lavance Northington Trustee 2 0 X 0 0 0 Caron Ogg Trustee - Executive Committee 4 1 X 0 0 0 Diane Paddison Trustee 2 0 X 0 0 0 Carol Hill Pickard Trustee 2 0 X 0 0 0 Ken Provencher Trustee - Executive Committee 4 0 X 0 0 0 Cathy Rudd Trustee 2 0 X 0 0 0 Angela Snow Trustee 2 0 X 0 0 0 Carrie Thompson Trustee 2 0 X 0 0 0 David Thompson Trustee 2 0 X 0 0 0 Dave Underriner Trustee 2 0 X 0 0 0 Tony Williams Trustee - Executive Committee 4 1 X 0 0 0 Steve Zamsky Trustee 2 0 X 0 0 0 John Stirek Chair - Executive Committee 4 0 X X 0 0 0 Tom Toomey Trustee - (Past Chair) Executive Committtee 4 0 X X 0 0 0 Eric Schoenstein Trustee - (Chair Elect) Executive Committee 4 0 X 0 0 0 2515403 0 347957 42 1 1 0 EverTrue PO Box 675011 Detroit MI 482675011 software 404308 Journal Graphics PO Box 10346 Portland OR 97296 printing and mailing services 371653 Stoel Rives LLP 760 SW Ninth Ave Suite 3000 Portland OR 97205 attorneys 219991 Ellucian 65278 Collections Center Drive Chicago IL 606930625 software 199921 CD Redding Construction Inc 2837 22nd Street SW Suite 155 Salem OR 97302 contractor 192059 14 0 0 0 0 0 90944982 8666459 90944982 Registration 900099 3950 3950 0 0 Services 900099 42339 42339 0 0 Memberships 900099 47575 47575 0 0 OBN - Meals, Parking, and Sports Pass 900099 134464 134464 0 0 0 0 0 0 228328 5166637 0 0 5166637 0 0 0 0 8448 0 0 8448 627053 0 674211 0 -47158 0 -47158 0 0 -47158 93873161 0 37680796 0 56192365 0 56192365 0 0 56192365 134646 0 0 134646 0 134646 Other Revenue - Miscellaneous 900099 10610095 10610095 0 0 Endowment Management Fees 900099 9079916 9079916 0 0 Change in value of annuities and trusts 900099 8246487 8246487 0 0 6668 6668 0 0 27943166 180571414 28171494 0 61454938 1130511 0 426284 704227 23361108 11145550 2741828 9473730 2127160 0 542857 1584303 1693812 0 523362 1170450 1032960 0 242784 790176 278714 66850 211864 0 171591 783 170808 0 135873 0 5000 130873 15253 15253 89565 0 89565 0 1073235 262363 110590 700282 75467 4282 0 71185 2279378 1784302 261880 233196 1981579 521287 931770 528522 297608 33341 257187 7080 229006 213903 1521 13582 184647 128708 37524 18415 4150293 4069931 80323 39 264154 0 264154 0 110028 19258 90770 0 Capital outlay land & buildings 23140307 23140307 0 0 Awards and scholarships 12741600 12738891 593 2116 Special program expense 3043417 2943098 100319 0 Endowment distribution to OSU 1671181 1671181 0 0 4754454 3736548 575908 441998 86032901 62480583 7666891 15885427 45549896 12226935 35428468 40899526 303533 349251 700000 1768703 360884 201866 17705879 2462406 15576871 15243473 467996012 661419675 245735951 327783047 21679335 21458341 833330950 1081350817 9861193 5198548 700000 700000 83820266 107011279 94381459 112909827 X 15208128 30181455 723741363 938259535 738949491 968440990 833330950 1081350817 X 94538513 149529673 0 -11954916 -1588591 -1033180 X 0 1 X 1 0 X 56332021 77812027 74724577 93028322 90944982 392841929 0 0 0 0 0 0 0 0 0 0 0 0 56332021 77812027 74724577 93028322 90944982 392841929 37114470 355727459 6403464 9797562 10507785 5722258 4260800 36691869 0 0 0 0 0 0 5293009 3648630 1012611 1821324 1541338 13316912 442850710 90475966 0.80327 0.81826 X Schedule A, Part II, Line 10 Income from partnerships $11,032,378; Other investment income $2,470,758; Accrued income from endowment pool ($186,224) - TOTAL $13,316,912 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 135873 135873 87740292 87876165 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 147768 203418 218042 135873 705101 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 664084928 21112092 205581211 5782884 67613268 0 817382079 654351474 31450555 20287582 8684477 33320206 0 664084928 629581414 34891553 35713701 7036694 38798500 0 654351474 572737217 44448937 56181971 13934838 29851873 0 629581414 514525465 20340233 69255302 7467015 23916768 0 572737217 0.0475 0.3437 0.6088 1 0 0 728371 728371 0 5719586 806608 4912978 0 616665 276713 339952 0 1378604 95783 1282821 0 9262653 1283302 7979351 15243473 0 0 Partnerships 242466186 F Hedge funds 67258504 F Real estate 8857609 F Real property held for investment 6675000 F Mortgages and notes receivable 2273922 F Investments receivable 251826 F 327783047 0 Endowment assets held for OSU 61114487 Trust liability 23670483 Net pooled equity investment program 18040838 Gift annuity liability 4185471 107011279 Schedule D, Part V, Line 4 The OSU Foundation holds over 3,100 endowed accounts. University donors have established these funds to provide support in perpetuity for a variety of purposes, including scholarships and fellowships, faculty positions, and general programmatic support. The University, for example, currently has 152 endowed faculty positions supported with such funds. Central America and the Caribbean 0 0 Fundraising 0 East Asia and the Pacific 0 0 Fundraising 0 Europe (including Iceland and Greenland) 0 0 Fundraising 0 Middle East and North Africa 0 0 Fundraising 0 North America (including Canada and Mexico, but not the United States) 0 0 Fundraising 0 Russia and the newly independent States 0 0 Fundraising 0 South America 0 0 Fundraising 0 South Asia 0 0 Fundraising 0 Sub-Saharan Africa 0 0 Fundraising 0 0 0 0 1 0 0 1 1 0 Schedule F, Part IV Any requirements to file Forms 926, 8621, or 8865 are directly dependent on investments in partnerships that have interest in foreign entities. All partnership K-1s are reviewed and appropriate forms are filed based on information disclosures provided by those partnerships. These forms are filed, as required, as attachments to the annual Form 990-T. X X X X X X 1 RNL PO Box 718 Des Moines IA 503030718 Telephone solicitation work for annual giving program 0 0 15253 -15253 0 15253 -15253 All States 990 Part VII Line 8 134646 0 134646 0 0 0 0 0 0 0 0 134646 0 134646 0 0 0 0 0 0 0 134646 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Shawn Scoville President and CEO 506647 0 73555 0 0 0 48450 0 24704 0 653356 0 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 305469 0 35000 0 0 0 46906 0 21154 0 408529 0 0 0 Steven M Schauble Treasurer, VP and CFO 289595 0 35000 0 0 0 50227 0 21206 0 396028 0 0 0 Constance C French VP for Principal Gifts 296053 0 15000 0 0 0 50677 0 14733 0 376463 0 0 0 Kristin G Watkins Associate VP for Development, Portland Center 235447 0 10000 0 0 0 44898 0 26454 0 316799 0 0 0 Todd R Bastian Associate VP for Development 228692 0 15000 0 0 0 44945 0 23704 0 312341 0 0 0 Kevin L Harvey Associate VP, Finance 234230 0 10000 0 0 0 44015 0 21704 0 309949 0 0 0 J Michael Goodwin President and CEO, former 86526 0 37500 0 0 0 0 0 1232 0 125258 0 0 0 Laura Pribyl Secretary - Director of Board Relations 72921 0 500 0 0 0 12354 0 8733 0 94508 0 0 0 Tiffany M Dean Secretary - Director of Board Relations, former 28268 0 0 0 0 0 5485 0 1753 0 35506 0 0 0 Schedule J, Part I, Line 1a Travel companions: In accordance with the OSU Foundation's formal distribution policy, travel expenses for spouses or other companions are reimbursable only if the spouse/companion has been asked to represent the Foundation or University in an official or representative capacity and his/her presence is critical for the conduct of such official business. Health or social club dues or initiation fees: During the reporting period, the Foundation paid social club dues for five employees. The memberships were deemed critical for the conduct of official business by providing access to meeting and event facilities for the organization and facilitating the cultivation and stewardship of alumni and donors. X 197 6796573 market price X 20 1326000 appraisal X Bond 1 55260 market price X Mutual Funds 22 353626 market price X Outside Trust 1 135000 donor's adj basis 4 0 1 1 Schedule M, Part I, Line 32b Contributions brokerage firms such as Charles Schwab and TD Ameritrade are used to liquidate noncash gifts, such as stock. Form 990, Part III, Line 4d OSU Foundation distributions accounted for as "Other Program Services" include support for University and Foundation operations that are not specifically designated as direct student, faculty, or facilities support. Among the included distributions are unrestricted funds for use at the discretion of deans and program leaders, support for intercollegiate athletics and club sports, support for the library and other central service units, lecture series and other outreach activities, and endowment management and other transactional fees. Form 990, Part VI, Section B, Line 11b Organization's Process to Review Form 990 - After preparation and thorough review by the organization's Controller, tax accountants, and legal counsel, a draft of the Form 990 is distributed to the Audit Committee for full review and comment. Once approved by the Audit Committee, the final Form 990 is made available to all voting members of the Board of Trustees via our "Directors Desk" secure website. The trustees are then given a window of opportunity to ask questions before the 990 is finalized and filed. After considering all the review procedures above, the tax return is timely filed with the IRS. Form 990, Part VI, Section B, Line 12c The Foundation has formal policies and procedures in place for annually documenting potential conflicts of interest among its governing body. At the beginning of each fiscal year, the organization's conflict of interest policy and code of ethics are sent to all new and returning trustees. Each trustee is asked to acknowledge receipt by returning a signed form indicating that they have read, understand, and agree to abide by these documents. Additionally, trustees must disclose in writing any potential conflicts of interest pertaining to Foundation business. All signed responses and disclosures become part of the Foundation's official records, and the full board is provided a list of individuals who declare potential conflicts. Form 990, Part VI, Section B, Line 15 Form 990, part VI, line 15a - Compensation Process for Top Official: The OSU Foundation Board of Trustees, through its committee structure, oversees the development of the President/CEO's annual work plan and monitors progress and performance against established goals. Monthly meetings between the Executive Committee and the President/CEO ensure close and frequent monitoring of the organization's performance and the leadership of its top executive. Additionally the Compensation Committee of the board performs periodic reviews of the top executive's compensation, which includes benchmarking of peer institutions' compensation structures. --------------------- Form 990, part VI, line 15b - compensation process for officers - The compensation of the organization's key employees is reviewed on an annual basis. The employee's immediate supervisor oversees the develop of an annual work plan and monitors progress and performance against established goals. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy, and IRS Form 990 are made available to the public upon request. Additionally, annual audited financial statements and information regarding endowment holdings are available to the public on the organization's website. Form 990, Part XI, Line 9 Distributions of endowment earnings $534,435; Transfers to endowments ($2,000); Interfund transfers $39,512; Realized Gain/Loss $461,233 - TOTAL $1,033,180 4238 Research Way LLC 4238 SW Research Way Corvallis OR 973331068 811384420 commercial rental real estate OR -89388 14210945 OSU Foundation Oregon 4-H Foundation 119 Ballard Extension Hall Corvallis OR 973313608 930711337 youth education and development OR 501(c)(3) 9 OSU Foundation 0 The Beaver Caucus C/O Shawn Scoville 4238 SW Research Way Corvallis OR 973331068 473315262 higher education advocacy OR 501(c)(4) OSU Foundation 0 Oregon State University Alumni Association 204 CH2M Hill Alumni Center Corvallis OR 97331 930470717 Engage with alumni of Oregon State University OR 501(c)(3) 7 OSU Foundation 0 Trysting Tree Golf Club Inc PO Box 989 Eugene OR 97440 930974350 Golf course OR OSU Foundation C 1 1 Charitable Remainder Uni-Trust (79) 4238 SW Research Way Corvallis OR 973331068 Investment management OR N/A T Charitable Remainder Uni-Trust (2) 4238 SW Research Way Corvallis OR 973331068 Investment management CA N/A T Charitable Remainder Uni-Trust (4) 850 SW 35th Street Corvallis OR 97333 Investment management WA N/A T Charitable Lead Annuity Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management OR N/A T Perpetual Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management WA N/A T Charitable Remainder Annuity Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management CA N/A T Net Income Unitrust with Make-up (5) 4238 SW Research Way Corvallis OR 973331068 Investment management OR N/A T Net Income Unitrust with Make Up (1) 4238 SW Research Way Corvallis OR 973331068 investment management WA N/A T Charitable Remainder Uni-Trust (2) 4238 SW Research Way Corvallis OR 973331068 investment management NV N/A T 0 1 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 1 0 Oregon 4-H Foundation l 56080 administrative gift fee assessment by OSUF on gifts designated for 4H Oregon 4-H Foundation n 0 office space, equipment, and other support provided at no cost Oregon 4-H Foundation o 95301 several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis Oregon 4-H Foundation r 574838 net transfer made to 4H regarding intra/interfund and endowment accounting transactions The Beaver Caucus b 135872 contributions to The Beaver Caucus to sover payment of professional consulting $63,595, and other operating expenses of $72,277 The Beaver Caucus o 99143 Staff of OSUF, 1 FTE, provided administrative support to The Beaver Caucus. Oregon State University Alumni Association l 24945 administrative gift fee assessment by OSUF on gifts designated for OSUAA Oregon State University Alumni Association r -17109 net transfers made to OSUAA regarding intra/interfund and endowment accounting transactions Trysting Tree Golf Club Inc l 0 administrative gift fee assessment by OSUF on gifts designated for Trysting Tree Trysting Tree Golf Club Inc f 20000 dividend amount based on annual operating results