2021-02-11T21:27:00-07:00 2020-06-30 990 2019-07-01 936022772 OREGON STATE UNIVERSITY FOUNDATION OREG 5417374218 4238 SW Research Way Corvallis OR 973331068 Steven Schauble Vice President & CFO 5417377499 2021-02-12 2019 2022-09-23 18:48:47Z Shawn Scoville 4238 SW Research Way Corvallis OR 973331068 336252171 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. 39 36 183 39 0 -568422 74724577 93028322 510476 1338931 31179603 20095789 21307467 17916447 127722123 132379489 0 0 0 0 31629477 31621515 0 0 17996976 81790834 92045058 113420311 123666573 14301812 8712916 816417531 833330950 89894344 94381459 726523187 738949491 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 12674058 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY20 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 1,975 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. 39071677 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY20, to support the construction or renovation of campus facilities. Major projects in FY20 included: the Marine Studies Building in Newport, the Oregon Forest Science Complex, the Arts & Education Complex, renovations to: Merryfield Hall, President's residence, Valley Football Center, P Wayne Valley Sports Performance Center, Reser Stadium, Gill Colosseum, and the softball complex. 17167254 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY20, 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. 4888 0 0 Accounting services 31223 0 0 Advertising/Promotion 290774 0 0 Books, Periodicals & Subscriptions 750 0 0 Capital Outlay 123611 0 472080 Conferences, Meetings and Seminars 541970 0 0 Donor Cultivation/Stewardship 19971 0 87480 Dues and Memberships 338351 0 0 Equipment 158235 0 0 Information Technology 594951 0 0 Insurance 2697933 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) 700 0 0 Licenses and Permits 0 0 0 Lobbying 111326 0 0 Maintenance & Repair 347203 0 0 Miscellaneous Operating Expense 3976 0 0 Occupancy 782687 0 0 Office & Admin Supplies 2284098 0 0 Payroll 3347 0 0 Photography 795045 0 0 Public Relations/Entertaining 0 0 0 Recognition and Awards 366515 0 0 Rentals & Leases 29278 0 38632 Services 3789246 0 0 Special program expense 7474 0 0 Staff Meetings/Training 0 0 0 Taxes 673 0 0 Telephone/Internet 948838 0 0 Travel 1668827 0 0 University Endowment Distribution 170 0 0 Utilities 0 0 0 Rounding 15942060 0 598192 84855049 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 173 0 1 183 1 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 X 39 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO KY MA MD MN NH NJ NY OH OK OR SC UT WA WV X X Patricia Nowak 5417374922 4238 SW Research Way Corvallis OR 973331068 J Michael Goodwin President and CEO 40 1 X X 1156229 0 47600 Shawn Scoville President and CEO 40 1 X 554499 0 47600 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X 354313 0 49572 Steven M Schauble Treasurer, VP and CFO 40 1 X 317344 0 46224 Constance C French VP for Principal Gifts 40 0 X 290112 0 48466 Kevin L Harvey Associate VP, Finance 40 0 X 239758 0 40852 Kristin G Watkins Associate VP for Development, Portland Center 40 0 X 235267 0 39414 Todd R Bastian Associate VP for Development 40 0 X 231431 0 38582 Tiffany M Dean Secretary 40 0 X X 94546 0 15408 Laura Pribyl Secretary 40 0 X 0 55669 8805 Leonard Aplet Trustee - Executive Committee 4 0 X 0 0 0 Penny Atkins Trustee - Executive Committee 4 0 X 0 0 0 Ken Austin Trustee - Executive Committee 4 0 X 0 0 0 Robert Bailey Trustee - Executive Committee 4 0 X 0 0 0 Steve Bailey Trustee 2 0 X 0 0 0 Ken Barrow Trustee 2 0 X 0 0 0 Jon Bettendorf Trustee - Executive Committee 4 0 X 0 0 0 Knute Buehler Trustee 2 0 X 0 0 0 Rebecca Camden Trustee - Executive Committee 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 Mary M Coucher Trustee 2 0 X 0 0 0 Jon DeVaan Trustee - Executive Committee 4 0 X 0 0 0 Jill Eiland Trustee - Executive Committee 4 1 X 0 0 0 Dick Evans Trustee 2 0 X 0 0 0 Nancy Fischer Trustee 2 0 X 0 0 0 Gayle E Fitzpatrick Trustee 2 0 X 0 0 0 Steve Gomo Trustee 2 0 X 0 0 0 Eric Hoffman Trustee 2 0 X 0 0 0 Steven Jackson Trustee 2 0 X 0 0 0 Doug Layman Trustee - Executive Committee 4 1 X 0 0 0 Gregory Macpherson Trustee 2 1 X 0 0 0 Lavance Northington Trustee 2 0 X 0 0 0 Caron Ogg Trustee - Executive Committee 4 0 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 Mike Rich Trustee 2 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 2 1 X 0 0 0 Mary C Yates Trustee 2 0 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 3473499 55669 382523 48 1 1 0 Fortis Construction Inc 1705 SW Taylor St Suite 200 Portland OR 97205 construction 610761 Levy Premium Food Service LP 980 N Michigan Ave Suite 500 Chicago IL 60611 catering 525406 Journal Graphics PO Box 10346 Portland OR 97296 printing and mailing services 366381 Sports & Entertainment Travel LLC 301 N Neil St Suite 334 Champaign IL 61820 travel intermediary 263287 Grenzebach Glier & Associates Inc PO Box 88277 Dept A Chicago IL 606801277 consulting 231611 16 0 0 0 0 0 93028322 13379655 93028322 Athletics premiums 900099 740739 740739 0 0 OSU conference and event registration 900099 472080 472080 0 0 Memberships - various OSU organizations 900099 87480 87480 0 0 Services 900099 38632 38632 0 0 0 0 0 0 1338931 6434820 0 0 6434820 0 0 0 0 18595 0 0 18595 1090165 0 499041 0 591124 0 591124 0 0 591124 217034610 0 203373641 0 13660969 0 13660969 0 0 13660969 310492 0 0 310492 0 310492 Endowment management fees 900099 8549649 8549649 0 0 Other miscellaneous revenue 900099 9735427 9735427 0 0 Change in split interest agreements 900099 -1744733 -1744733 0 0 455893 455893 0 0 16996236 132379489 18335167 0 21016000 1405991 416475 989516 25078521 12164827 2782660 10131034 2132780 0 520589 1612191 1951856 351 618287 1333218 1052367 0 231551 820816 188489 7124 180557 808 230989 4888 221101 5000 212405 0 0 212405 3144301 0 3144301 0 1518015 29868 750925 737222 66840 32063 34777 3529773 2996242 290779 242752 1227797 266368 843202 118227 274921 30580 244041 300 2212246 1635336 54284 522626 493795 340293 84676 68826 3631809 3551464 80345 740781 0 740781 731887 600117 131770 0 Capital outlay land & bldg 36854954 36854954 0 0 Awards and scholarships 13571436 13563694 1960 5782 Transfer out endowment fee 8549649 0 8549649 0 Special program expense 5197758 4875038 322720 0 9667213 7901842 603895 1161476 123666573 84855049 20814548 17996976 23608604 45549896 37701434 35428468 327515 303533 700000 700000 517128 360884 17394169 1817298 21849507 15576871 470649715 467996012 238430674 245735951 22632954 21679335 816417531 833330950 8578234 9861193 0 700000 700000 80616110 83820266 89894344 94381459 X 14821233 15208128 711701954 723741363 726523187 738949491 816417531 833330950 X 8712916 4432766 0 0 29798 -749176 X 0 1 X 1 0 X 74599926 56332021 77812027 74724577 93028322 376496873 0 0 0 0 0 0 0 0 0 0 0 0 74599926 56332021 77812027 74724577 93028322 376496873 21132792 355364081 9266171 6403464 9797562 10507785 5722258 41697240 0 0 0 0 0 0 4320782 5293009 3648630 1012611 1821324 16096356 434290469 82874025 0.81826 0.84275 X Schedule A, Part II, Line 10 Income from partnerships $13,706,955; Income - Farm Revenues $1,078; Other investment income $2,469,070; Accrued income from endowment pool ($80,748); rounding $1 - TOTAL $16,096,356 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 218042 218042 123448531 123666573 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 188528 147768 203418 218042 757756 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Schedule C, Part II-A, Line 1b Amounts paid directly in support of The Beaver Caucus, a separate nonprofit organization. The Beaver Caucus is a non-partisan, non-political organization that advocates for Oregon State University. 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 534807425 18500988 -8663234 6382129 23737585 0 514525465 0.045 0.7065 0.2485 1 0 0 728371 728371 0 5719586 659952 5059634 0 616665 197795 418870 0 1621914 602015 1019899 0 8707633 357536 8350097 15576871 Partnerships 175604761 F Hedge funds 54027346 F Real estate 6881968 F Real property held for investment 6675000 F Mortgages and note receivable 2486343 F Investments receivable 60531 F rounding 2 C 245735951 0 Endowment assets held for OSU 46486841 Trust liability 18561773 Net pooled equity investment program 13303950 Gift annuity liability 5467702 83820266 130260803 4432766 0 0 6287208 10719974 119540829 12588525 250135 12838660 132379489 118923696 0 0 0 7376404 7376404 111547292 12588525 -469244 12119281 123666573 Schedule D, Part V, Line 4 The OSU Foundation holds over 3,000 endowed accounts. Private 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 150 endowed faculty positions supported with such funds. Schedule D, Part XI, Line 2d Affiliate revenue: Oregon State Alumni Association $4,050,445; Oregon 4-H Foundation $1,006,021; and Trysting Tree $1,230,742 - TOTAL $6,287,208 Schedule D, Part XI, Line 4b Rental expenses netted against gross rental revenue ($499,041); endowment earnings transfers to affiliates $506,503; interfund/intrafund transfers to affiliates $242,673 - TOTAL $250,135 Schedule D, Part XII, Line 2d Affiliate expenses: Oregon State Alumni Association $4,938,237; Oregon 4-H Foundation $1,114,144; and Trysting Tree $1,324,023 - TOTAL $7,376,404 Schedule D, Part XII, Line 4b Rental expenses netted against gross rental revenue on stmt of revenue $499,041; Unfulfilled pledges ($29,798); rounding $1 - TOTAL $469,244 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 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. These investments are passive and there is no active involvement with the internal operations of these limited partnerships. 990 Part VIII Line 8 310492 0 310492 0 0 0 0 0 0 0 0 310492 0 310492 0 0 0 0 0 0 0 310492 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 J Michael Goodwin President and CEO 531229 0 625000 0 0 0 47600 0 20061 0 1223890 0 0 0 Shawn Scoville President and CEO 450899 0 103600 0 0 0 47600 0 23500 0 625599 0 0 0 Steven M Schauble Treasurer, VP and CFO 282345 0 35000 0 0 0 46224 0 21076 0 384645 0 0 0 Tiffany M Dean Secretary 93546 0 1000 0 0 0 15408 0 10440 0 120394 0 0 0 Laura Pribyl Secretary 0 54669 0 1000 0 0 0 8805 0 8589 0 73063 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 307813 0 37500 0 0 0 49572 0 20994 0 415879 0 0 0 Constance C French VP for Principal Gifts 272612 0 17500 0 0 0 48466 0 24450 0 363028 0 0 0 Kevin L Harvey Associate VP, Finance 223758 0 16000 0 0 0 40852 0 23450 0 304060 0 0 0 Kristin G Watkins Associate VP for Development, Portland Center 222767 0 12500 0 0 0 39414 0 23350 0 298031 0 0 0 Todd R Bastian Associate VP for Development 218931 0 12500 0 0 0 38582 0 21550 0 291563 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 seven 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 212 12336426 FMV X Mutual Funds 36 693229 FMV X Property 1 350000 FMV 11 0 1 1 Schedule M, Part I The Foundation policy for non-cash contributions provides for the receipt, verification, valuation, and, as soon as possible, the liquidation of stock gifts received. 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 the opportunity to ask questions about the Form 990. 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 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. Compensation Process for Key Employees: 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 $506,503; Interfund transfers $242,672; rounding $1 - TOTAL $749,176 4238 Research Way LLC 4238 SW Research Way Corvallis OR 973331068 811384420 commercial rental real estate OR 1384406 14190392 OSU Foundation 4500 Research Way LLC 850 SW 35th Street Corvallis OR 97333 813776822 commerical rental real estate OR 1898077 51895 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 (77) 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 (1) 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 38811 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 184644 Several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis - disclosed amount represents 100% of cost Oregon 4-H Foundation r 689118 net transfer made to 4H regarding intra/interfund and endowment accounting transactions The Beaver Caucus b 218042 contributions to The Beaver Caucus to cover payment of professional consulting $202,685, and other operating expenses of $15,357 The Beaver Caucus o 46680 Staff of OSU foundation provided administrative support to The Beaver Caucus. The amount disclosed for salary costs of that employee are 30% for 7-1-2019 through 2-1-2020, and 100% for remainder of the fiscal year. Oregon State University Alumni Association l 16584 administrative gift fee assessment by OSUF on gifts designated for OSUAA Oregon State University Alumni Association r 69857 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 10000 dividend amount based on annual operating results