2021-03-12T12:07:23-06:00 2020-05-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-06-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706974 900 STATE STREET SALEM OR 97301 DANIEL VALLES VP FOR FINANCE AND TREASURER 5033706974 2021-02-24 1 WENDY CAMPOS P00448102 5032421447 2021-02-24 2019 2022-09-23 18:48:47Z STEPHEN E THORSETT 900 STATE STREET SALEM OR 97301 146169292 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. 36 34 1894 670 344658 0 8843466 15088114 117667590 112862444 904841 718763 610855 1582877 128026752 130252198 49411638 50114258 0 0 60005253 59826936 104985 102013 4503655 32122319 30660735 141644195 140703942 -13617443 -10451744 461698461 443732072 106102197 103810465 355596264 339921607 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 113138900 49471407 99792717 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,585 IN THE COLLEGE OF ARTS AND SCIENCES, 326 IN THE COLLEGE OF LAW, 156 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, AND 59 IN THE JOINT DEGREE JD/MBA (2,126 STUDENTS). 10687451 642851 13069727 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 1,028 STUDENTS) AND SUMMER CONFERENCES. 123826351 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 3616 0 1 1894 1 1 1 1 SP 0 0 0 1 1 1 1 0 0 0 0 0 X 36 34 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 X KENNETH L PIFER 5033706974 900 STATE STREET SALEM OR 97301 X STEPHEN E THORSETT PRESIDENT 40.00 X X 414138 0 178298 SYMEON SYMEONIDES ALEX L. PARKS DISTINGUISHED PROFESSOR OF LAW 40.00 X 275518 0 48676 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 40.00 X 260955 0 50435 CURTIS BRIDGEMAN DEAN, COLLEGE OF LAW 40.00 X 257049 0 48047 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 40.00 X 240348 0 46621 MICHAEL HAND DEAN, ATKINSON GRADUATE SCHOOL 40.00 X 248748 0 35632 DEBRA RINGOLD JELD-WEN PROFESSOR OF FREE ENTERPRISE 40.00 X 224242 0 33438 DANIEL VALLES VP FINANCE AND TREASURER 40.00 X X 217662 0 38491 NORMAN WILLIAMS ASSOCIATE DEAN FOR ACADEMIC AFFAIRS 40.00 X 214777 0 32630 YVONNE TAMAYO PROFESSOR OF LAW, GENERAL COUNSEL 40.00 X 208244 0 32341 RUTH FEINGOLD DEAN, COLLEGE OF LIBERAL ARTS 40.00 X 182322 0 35690 EDWARD WHIPPLE - 53120 VICE PRESIDENT FOR STUDENT AFFAIRS 40.00 X 172275 0 31360 KENNETH PIFER CONTROLLER 40.00 X 159654 0 42538 COLLEEN KAWAHARA ADMINISTRATIVE SECRETARY 40.00 X 103674 0 11468 JAMES F ALBAUGH TRUSTEE 1.00 X 0 0 0 MATTHEW S BENJAMIN TRUSTEE - 5/31/20 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 ERIC M FRIEDENWALD-FISHMAN TRUSTEE - 5/31/20 1.00 X 0 0 0 MELVIN HENDERSON-RUBIO TRUSTEE - 5/31/20 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 EVA M KRIPALANI 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 MICHAEL S MARTINEZ TRUSTEE 1.00 X 0 0 0 SEAN B O'HOLLAREN SECRETARY 1.00 X 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 KERRY R TYMCHUK ASSISTANT SECRETARY - 5/31/20 1.00 X X 0 0 0 DALE C SAUSE IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 LYNNE H SAXTON CHAIR 1.00 X X 0 0 0 MELISSA L SMITH TRUSTEE 1.00 X 0 0 0 KEVIN R SMITH VICE CHAIR 1.00 X X 0 0 0 PATRICIA C SMULLIN TRUSTEE - 5/31/20 1.00 X 0 0 0 PATRICK J WAITE TRUSTEE 1.00 X 0 0 0 RODERICK C WENDT TRUSTEE - 5/31/20 1.00 X 0 0 0 BJ WRIGHT TRUSTEE 1.00 X 0 0 0 STEVEN E WYNNE TRUSTEE - 5/31/20 1.00 X 0 0 0 3179606 0 665665 100 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 3618778 FXG CONSTRUCTION LLC 3833 CROISAN CREEK RD S SALEM OR 97302 CONSTRUCTION 578957 AMERICAN CLEANING SOLUTIONS INC PO BOX 66681 PORTLAND OR 97290 JANITORIAL SERVICES 558396 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE LICENSING AND SUPPORT 273436 STOEL RIVES LLP 760 SW NINTH AVE STE 3000 PORTLAND OR 97205 LEGAL SERVICES 227848 21 975 2442883 12644256 1585083 15088114 TUITION AND FEES 611310 99792717 99792717 ROOM AND BOARD FEES 721310 12392068 12392068 AUXILIARY INCOME 611710 677659 677659 112862444 693582 312843 380739 15922283 15897102 25181 25181 25181 0 975 19992 -19992 -19992 OTHER INCOME 900099 1602869 31815 1571054 1602869 130252198 112862444 344658 1956982 2655 2655 48762197 48762197 1349406 1349406 2544077 683412 1606846 253819 251815 39480 212335 42737589 36114798 4008140 2614651 3708373 3213169 256155 239049 7248197 6145774 654624 447799 3336885 2803227 332751 200907 138511 37259 90733 10519 164491 3000 161491 102013 102013 1287821 1287821 4210684 2819276 1174936 216472 772680 580652 187161 4867 2678869 2268579 204581 205709 1765466 1644777 25209 95480 2576959 2449539 125124 2296 1612202 1406424 116552 89226 127938 104679 12112 11147 2049081 1980777 68304 5736175 5491272 244903 1090310 9786 1080524 FOOD SERVICE 3503673 3328625 169527 5521 SPECIAL PROGRAMS 1641379 1578474 62742 163 BOOKS AND PERIODICALS 851946 851946 MEMBERSHIPS 347351 156753 186581 4017 105199 415 104784 140703942 123826351 12373936 4503655 380168 124490 24866223 24473216 3859972 2254341 3144756 3835324 5675400 4524509 -17689 0 792705 842499 261222974 125638040 138742268 135584934 22444042 21285141 258637807 246491524 0 1150190 3172809 3165904 461698461 443732072 17032903 17679147 1506919 2000071 66045413 64560341 1064764 1265200 20452198 18305706 106102197 103810465 X 103771807 98645510 251824457 241276097 355596264 339921607 461698461 443732072 X -10451744 -2539806 -2683107 X 0 1 X 1 1 1 X 9491788 10272514 11024404 8843466 15088114 54720286 9491788 10272514 11024404 8843466 15088114 54720286 6654170 48066116 199988 230178 339778 532753 380739 1683436 2687881 354753 1369612 582837 1571054 6566137 62969859 603671695 0.76330 0.69230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 123638 6143543 0 0 X X X X 0 0 0 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 245454444 4130352 -6353672 4015227 9195024 887384 229133489 0.11150 0.63740 0.25110 1 0 8659554 8659554 181276433 75837461 105438972 15923224 12560754 3362470 8490023 7266878 1223145 46873740 29972947 16900793 135584934 MULTI-STRATEGY LIMITED PARTNERSHIP INVESTMENT FUND 245845009 F PRIVATELY POOLED FUNDS 646515 F 246491524 ANNUITIES AND TRUSTS PAYABLE 13329911 GOVERNMENT ADVANCES FOR STUDENT LOANS 4975795 18305706 X 74688517 -2539806 -49632949 -52172755 126861272 1287821 2103105 3390926 130252198 90363174 19992 19992 90343182 1287821 49072939 50360760 140703942 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 $6,143,543 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -49,009,909. CHANGE IN VALUE OF ANNUITIES AND TRUSTS -586,875. PLEDGE ADJUSTMENTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -36,165. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 312,843. FUNDRAISING EXPENSES NETTED WITH REVENUE ON 990 -19,992. POST-RETIREMENT LIABILITY ADJUSTMENT 1,851,377. UNREALIZED FUND INVESTMENT INCOME -41,123. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED WITH REVENUE ON 990 19,992. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 49,009,909. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 63,030. 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 64% 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 763686 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDY ABROAD PROGRAM 404056 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 759681 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 34025 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING STUDY ABROAD PROGRAM 28725 SOUTH AMERICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 82952 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 39967 1 5 0 0 1 5 2113092 0 2113092 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 29 404056 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 51 759681 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 34025 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 2 28725 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH AMERICA 6 82952 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SUB-SAHARAN AFRICA 2 39967 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES 1 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 ACCRUAL METHOD. PART III ACCOUNTING METHOD: X X X X X X X 1 WEST WIND CONSULTING STRATEGIES IN FUNDRAISING LLC 120 BRINDLEY STREET SUITE 7 ITHACA NY 14850 CONSULTING 0 0 75823 -75823 PENTERA INC 8650 COMMERCE PARK PLACE SUITE G INDIANAPOLIS IN 46268 MARKETING 0 0 26190 -26190 102013 -102013 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 2016 47660503 OTHER STUDENT AWARDS AND PRIZES 238 373575 CARES HEERF STUDENT RELIEF GRANTS 559 642851 CARES HEERF INSTITUTIONAL RELIEF GRANTS AWARDED TO STUDENTS 88 85267 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 408543 0 0 0 5595 0 80667 0 97631 0 592436 0 0 0 SYMEON SYMEONIDES ALEX L. PARKS DISTINGUISHED PROFESSO 267040 0 0 0 8478 0 26284 0 22392 0 324194 0 0 0 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 254192 0 0 0 6763 0 38507 0 11928 0 311390 0 0 0 CURTIS BRIDGEMAN DEAN, COLLEGE OF LAW 256203 0 0 0 846 0 26301 0 21746 0 305096 0 0 0 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 233634 0 0 0 6714 0 24280 0 22341 0 286969 0 0 0 MICHAEL HAND DEAN, ATKINSON GRADUATE SCHOOL 242952 0 0 0 5796 0 23705 0 11927 0 284380 0 0 0 DEBRA RINGOLD JELD-WEN PROFESSOR OF FREE ENTERPRIS 215388 0 0 0 8854 0 21350 0 12088 0 257680 0 0 0 DANIEL VALLES VP FINANCE AND TREASURER 217203 0 0 0 459 0 22257 0 16234 0 256153 0 0 0 NORMAN WILLIAMS ASSOCIATE DEAN FOR ACADEMIC AFFAIRS 213810 0 0 0 967 0 20153 0 12477 0 247407 0 0 0 YVONNE TAMAYO PROFESSOR OF LAW, GENERAL COUNSEL 205401 0 0 0 2843 0 20614 0 11727 0 240585 0 0 0 RUTH FEINGOLD DEAN, COLLEGE OF LIBERAL ARTS 181439 0 0 0 883 0 18716 0 16974 0 218012 0 0 0 EDWARD WHIPPLE - 53120 VICE PRESIDENT FOR STUDENT AFFAIRS 167855 0 0 0 4420 0 17198 0 14162 0 203635 0 0 0 KENNETH PIFER CONTROLLER 159142 0 0 0 512 0 16928 0 25610 0 202192 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 68608JMC2 2010-05-06 28540002 SEE SCHEDULE K, PART VI 0 0 0 B STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 2016-07-14 22387590 SEE SCHEDULE K, PART VI 0 0 0 C STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JTZ4 2016-07-14 22815181 SEE SCHEDULE K, PART VI 0 0 0 D STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 2017-10-02 7680000 SEE SCHEDULE K, PART VI 0 0 0 A 4805000 9100000 28540002 438227 10405304 17696471 2012 0 1 1 1 B 100000 22387590 232892 22154698 0 1 1 1 C 22836561 305531 315181 9720449 12500000 2020 0 1 1 1 D 1455000 7680000 100000 7580000 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/01/2020 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 5/6/10 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE SERIES 2010 BONDS WERE USED TO REPAY THE OUTSTANDING LINE OF CREDIT, TO ADVANCE REFUND THE REMAINING BALANCES OF THE SERIES 2004 (ISSUED JUNE 30, 2004) AND SERIES 2005 (ISSUED AUGUST 18, 2005) BONDS, TO PROVIDE FUNDING FOR SEVERAL CAPITAL PROJECTS, AND TO ASSIST WITH OTHER FACILITY UPGRADES AND IMPROVEMENTS. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 7/14/16 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2016 SERIES A BONDS WERE USED TO REFUND THE MAJORITY OF THE 2007 SERIES A BONDS. (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 10/2/17 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2016-C SERIES BONDS WERE USED TO REFUND SERIES 2007 BONDS (WHICH CONTAINED THE UNPAID BALANCES OF THE SERIES 1991 AND 1994 BONDS). RACHEL DEWEY THORSETT SPOUSE OF OFFICER STEPHEN THORSETT 39480 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 25 159050 OPINION OF EXPERTS X 2 7088 OPINION OF EXPERTS X 22 1275753 REPORTED MARKET VALUE X INTEREST IN TRUST 1 143192 OPINION OF EXPERTS 6 0 1 0 PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR THE APPLICABLE CATEGORIES. PART I, LINE 33: $11,498 WAS NOT INCLUDED IN REVENUE BECAUSE NON-ART IN-KIND DONATIONS UNDER $5,000 ARE NOT RECORDED IN GENERAL LEDGER PER POLICY. FORM 990, PART VI, SECTION A, LINE 2 RODERICK WENDT, TRUSTEE, AND STEVEN WYNNE, TRUSTEE, ARE IN A BUSINESS RELATIONSHIP. EVA KRIPALANI, TRUSTEE, AND ELIZABETH LARGE, TRUSTEE, ARE IN A BUSINESS RELATIONSHIP. 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 AN AD HOC COMMITTEE OF MEMBERS OF THE BOARD OF TRUSTEES ESTABLISHED THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. THE COMMITTEE CONSISTED OF THREE MEMBERS WHO DID NOT HAVE A CONFLICT OF INTEREST PER IRS REGULATIONS SECTION 53.4958-6(C)(1)(III). IN ORDER TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION, THE COMMITTEE GATHERED DATA FROM SIMILAR SIZED PRIVATE LIBERAL ARTS COLLEGES LOCATED IN THE NORTHWESTERN UNITED STATES. THE DATA FROM THE SCHOOLS WAS OBTAINED DIRECTLY FROM EACH INSTITUTION. IN ADDITION, A NATIONWIDE REVIEW OF COMPENSATION AS REPORTED ON THE 990'S OF OTHER SIMILAR SIZED PRIVATE LIBERAL ARTS UNIVERSITIES WAS PERFORMED. ONCE THE AMOUNT WAS DECIDED UPON, THE INFORMATION WAS PASSED ON TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SUBSEQUENTLY APPROVED THE COMPENSATION PACKAGE. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN AUGUST OF 2014. IN ORDER TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION, THE COMPENSATION COMMITTEE OF THE BOARD (MADE UP OF THE CHAIR, VICE CHAIR, AND AUDIT CHAIR) REVIEWS DATA FROM (A) POSITIONS IN SIMILARLY-SITUATED INSTITUTIONS; (B) POSITIONS IN MARKETS OUTSIDE HIGHER EDUCATION WHERE APPROPRIATE; (C) INTERNAL EQUITY; AND, (D) THE KNOWLEDGE, PERFORMANCE, SKILL, AND OTHER RELEVANT FACTORS OF THE PERSON IN THE POSITION TO DETERMINE APPROPRIATE COMPENSATION FOR CANDIDATES/OCCUPANTS OF EXECUTIVE AND KEY EMPLOYEE POSITIONS. THE COMPENSATION DATA IS COLLECTED FROM NATIONAL AND REGIONAL SURVEYS, AS WELL AS OTHER SOURCES. THE COMPENSATION COMMITTEE APPROVES COMPENSATION FOR EXECUTIVE AND KEY EMPLOYEES BASED ON THESE FACTORS AND DATA. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN THE FISCAL YEAR ENDING 2020. 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 -586,875. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -312,843. NONCASH EMPLOYEE BENEFITS NOT RECORDED ON FINANCIAL STATEMENTS 63,030. PLEDGE WRITE-OFF DUE TO NONPERFORMANCE -36,165. POST-RETIREMENT LIABILITY ADJUSTMENT -1,851,377. UNREALIZED FUND INVESTMENT INCOME 41,123. WILLAMETTE ANGEL FUND LLC 900 STATE STREET SALEM OR 97301 271638088 INVESTMENT OR 29828 705308 WILLAMETTE UNIVERSITY WUE INVESTMENTS HOLDINGS LP 550 S TRYON STREET SUITE 3500 CHARLOTTE NC 28202 331168742 INVESTMENT DE GLOBAL ENDOWMENT MANAGEMENT EXCLUDED 18956729 216708965 0 0 0.99980 CHARITABLE REMAINDER TRUSTS (38) 900 STATE STREET SALEM OR 97301 BENEFICIAL INTEREST OR N/A T 0 IRREVOCABLE NON-QUALIFIED TRUST 900 STATE STREET SALEM OR 97301 BENEFICIAL INTEREST OR N/A T 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 2500000 FAIR MARKET VALUE WUE INVESTMENTS HOLDINGS LP B 2000000 FAIR MARKET VALUE