2021-05-13T13:06:20-05:00 2020-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2019-07-01 356024566 BALL STATE UNIVERSITY FOUNDATION INC % AMY MCCLURE BALL 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 JEAN CROSBY PRESIDENT 2604604000 2021-05-17 true Lauren R Denton P01571860 2604604000 2019 2022-09-23 18:48:47Z JEAN KRAMER CROSBY PRESIDENT 2800 W BETHEL AVENUE MUNCIE IN 47304 52338445 false X WWW.BSU.EDU/BSUFOUNDATION/ X 1950 IN TO MAXIMIZE SUSTAINABLE SUPPORT FOR BALL STATE UNIVERSITY BY OBTAINING, INVESTING, AND ADMINISTERING GIFT SUPPORT AND PRUDENTLY DISCHARGING ITS FIDUCIARY OBLIGATIONS. 28 23 184 31 195219 -136011 18958454 24236059 0 0 1747791 1265727 203908 125484 20910153 25627270 16691443 12491357 0 0 6155284 5851382 0 0 3037390 3940011 3583513 26786738 21926252 -5876585 3701018 254500113 262845495 23072770 24398991 231427343 238446504 X OUR MISSION IS TO MAXIMIZE SUSTAINABLE SUPPORT FOR BALL STATE UNIVERSITY BY OBTAINING, INVESTING, AND ADMINISTERING PRIVATE GIFT SUPPORT AND PRUDENTLY DISCHARGING ITS FIDUCIARY OBLIGATIONS TO THE UNIVERSITY, DONORS, AND DESIGNATED BENEFICIARIES. THE BALL STATE UNIVERSITY FOUNDATION WILL SUPPORT THE CONTINUING DEVELOPMENT OF BALL STATE UNIVERSITY BY CONTINUING TO BE A FOUNDATION OF EXCELLENCE, PROMOTING AND FACILITATING A CULTURE OF PHILANTHROPY, SERVICE, VOLUNTEER LEADERSHIP, AND EXEMPLARY FIDUCIARY RESPONSIBILITY. false false 4247154 4247154 SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. 1204419 1204419 SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS. 8884018 7039784 SUPPORT IS PROVIDED TO BALL STATE UNIVERSITY IN THE FOLLOWING AREAS: ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, FACULTY SUPPORT, RESEARCH, FACULTY AND STUDENT RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONSHIPS, ARTWORK, LIBRARY MATERIALS, AND ATHLETICS. THESE PROGRAMS SERVE TO ENHANCE THE EDUCATIONAL EXPERIENCE. 14335591 true true false true false false false false false true true true false true true false false true false false true false false false true false false true false true false false false false false false true false true true false false false true true true false false true 83 0 184 true true true false false false false true true false false false false false false X 28 23 false false true false false false false true true false false true true true true true true true false false IN X X AMY MCCLURE 7652858312 2800 WEST BETHEL AVENUE MUNCIE IN 47304 GEOFFREY MEARNS EX-OFFICIO VICE CHAIR 1.0 54.0 X X 0 515574 50236 THOMAS HECK TREASURER 51.0 4.0 X 203599 0 31092 DAVID MARK HELMUS SENIOR VP FOR DEVELOPMENT 51.0 4.0 X 196241 0 24200 JEAN K CROSBY STARTED 520 PRESIDENT 51.0 4.0 X X 192196 0 23703 BERNARD HANNON BOARD MEMBER 53.0 2.0 X 0 157003 26048 JACOB LOGAN LEFT 520 PRESIDENT 51.0 0.0 X X 141534 0 12032 ALAN FINN VP BUS AFFAIRS AND TREASURER 40.0 2.0 X 0 103192 7288 SYLVIA EWERT ASSISTANT SECRETARY 1.0 1.0 X 50805 0 8539 RANDALL E POND CHAIR 1.0 2.0 X X 0 0 0 MARLA TEMPLETON CHAIR-ELECT 1.0 2.0 X X 0 0 0 PATRICK ALDERDICE BOARD MEMBER 1.0 0.0 X 0 0 0 KENNETH BRINER BOARD MEMBER 1.0 0.0 X 0 0 0 THOMAS BRYAN BOARD MEMBER 1.0 0.0 X 0 0 0 MARSHA CASEY BOARD MEMBER 1.0 0.0 X 0 0 0 MARTHA DE LAURENTIIS BOARD MEMBER 1.0 0.0 X 0 0 0 W CRAIG DOBBS BOARD MEMBER 1.0 0.0 X 0 0 0 DONALD DUMOULIN II BOARD MEMBER 1.0 0.0 X 0 0 0 E RENAE CONLEY BOARD MEMBER 1.0 0.0 X 0 0 0 JULIE GRIFFITH BOARD MEMBER 1.0 0.0 X 0 0 0 JORGE GUTIERREZ BOARD MEMBER 1.0 0.0 X 0 0 0 THOMAS KINGHORN BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES HARPER BOARD MEMBER 1.0 2.0 X 0 0 0 JAMES LINTZENICH BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID HEETER BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL MCDANIEL BOARD MEMBER 1.0 0.0 X 0 0 0 SHERI KENDALL BOARD MEMBER 1.0 0.0 X 0 0 0 LARRY METZING BOARD MEMBER 1.0 0.0 X 0 0 0 MATTHEW MOMPER BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT SAXMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL RAY BOARD MEMBER 1.0 0.0 X 0 0 0 DANIEL TOWRISS BOARD MEMBER 1.0 0.0 X 0 0 0 LARRY RILEY BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 KATHERINE ARBUCKLE SECRETARY 1.0 2.0 X 0 0 0 784375 775769 183138 4 false true false EP GRAPHICS 169 S JEFFERSON STREET BERNE IN 43711 DESIGN SERVICES 182248 CAMPBELL COMPANY ONE EAST WACKER DRIVE SUITE 2100 CHICAGO IL 60601 CONSULTING 122418 2 1513383 22722676 8193813 24236059 0 45009 195219 -150210 0 0 0 0 0 27890144 26669426 1220718 1220718 1220718 167233 41749 125484 125484 0 0 0 0 0 0 0 25627270 195219 1195992 12491357 12491357 0 0 0 724354 432615 291739 184487 184487 3476786 2073101 1403685 418947 262349 156598 745530 466859 278671 301278 188664 112614 0 45164 26195 18969 428894 428894 0 0 1844234 1844234 0 0 326211 87409 238802 183406 2626 180780 0 53914 52340 1574 45359 14208 31151 0 93160 62009 31151 30800 30800 0 130747 26055 104692 55143 55143 DONOR CULTIVATION 165802 10035 155767 COMMEMORATIVE ITEMS 158457 147524 10933 MISCELLANEOUS 22222 1958 20264 21926252 14335591 4553271 3037390 0 0 865872 790672 12289823 14053426 9110016 9880746 0 0 0 0 0 0 0 0 80643 67023 2459769 2004363 829134 455406 10926751 8441000 213540523 215844175 0 0 0 0 6857351 13313047 254500113 262845495 3541818 1925787 2434390 2907660 0 0 0 0 0 0 0 0 14000000 16325000 0 0 3096562 3240544 23072770 24398991 X -1890724 -7622058 233318067 246068562 231427343 238446504 254500113 262845495 X 3701018 3822594 -504451 X false true X true false X 16678471 14942667 20021512 18958454 24236059 94837163 0 0 16678471 14942667 20021512 18958454 24236059 94837163 9290104 85547059 1022176 390569 50434 210518 45009 1718706 0 113532 85028 107889 205749 167233 679431 97235300 0.87979 0.88107 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 4971 4971 false PART II-B, LINE 1i A PORTION OF THE DUES PAID TO VINCENNES UNIVERSITY FOUNDATION ARE IN SUPPORT OF LOBBYING EFFORTS FOR HIGHER EDUCATION. 203245977 5089651 2447736 4904451 205878913 203275470 5205740 2134559 7369792 203245977 190769679 7628411 11080792 6203412 203275470 178178935 3528040 14294635 5231931 190769679 179168323 6624023 -1675360 4938051 179178935 0.03000 0.38000 0.59000 false false 84350 99770 184120 2144227 1919988 224239 131422 84375 47047 455406 HEDGE FUNDS 37630512 F DOMESTIC & INT'L EQUITIES 103156426 F FIXED INCOME 9101011 F REAL ESTATE 12491738 F NATURAL RESOURCES 2549055 F PRIVATE EQUITY & VENTURE CAP. 50915433 F 215844175 SPLIT INTEREST AGREEMENTS 1556085 OTHER ASSETS 130627 CSV OF LIFE INSURANCE 2035052 BENEFICIAL INTEREST IN 212986 PERPETUAL TRUSTS 2878297 ARTWORK 6500000 13313047 0 ANNUITY OBLIGATIONS 2677281 TRUST OBLIGATIONS 563263 3240544 29989629 6669295 41749 6711044 23278585 1844234 504451 2348685 25627270 20123767 41749 41749 20082018 1844234 1844234 21926252 PART V, LINE 4 THE FOUNDATION IS THE BENEFICIARY OF CHARITABLE REMAINDER TRUSTS AND VARIOUS PERPETUAL TRUSTS ADMINISTERED BY OUTSIDE PARTIES. THE FOUNDATION'S ENDOWMENT CONSISTS OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS AND FINANCIAL AID EXPENSES, FACULTY COMPENSATION AND SUPPORT EXPENSES, ACADEMIC PROGRAM EXPENSES, RESEARCH EXPENSES, PUBLIC SERVICE EXPENSES, ATHLETICS, RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK, LIBRARY MATERIALS AND OTHER PROGRAMS MANAGED PER THE DONOR AGREEMENT. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. PART X LINE 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. PART XI, LINE 2D SPECIAL EVENTS EXPENSE $ 41,749 PART XI, LINE 4B CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 450,600 CHANGE IN DONOR ALLOCATION $ 53,851 TOTAL $ 504,451 PART XII, LINE 2D SPECIAL EVENTS EXPENSE $ 41,749 Central America and the Caribbean Investments 59226 Europe (Including Iceland and Greenland) Investments 217812 277038 277038 true false true true true false PART I LINE 3 THE EXPENDITURES REPORTED ARE THE TOTAL VALUE OF INVESTMENTS HELD BY BALL STATE UNIVERSITY FOUNDATION IN REGIONS OUTSIDE THE UNITED STATES. GOLF OUTING 17468 17468 3422 SALE OF APPAREL 6752 6752 5 143013 143013 38327 167233 167233 41749 41749 125484 true Ball State University 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 4247154 SCHOLARSHIPS BALL STATE UNIVERSITY 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 8244203 GENERAL SUPPORT 1 Procedures for Monitoring the use of grant funds IN U.S. SUPPORT TO BALL STATE UNIVERSITY IS PROVIDED THROUGH TRANSFER OF CASH OR NONCASH ITEMS. THE USE OF THE SUPPORT IS SPECIFIED AT THE TIME OF THE TRANSFER. SCHOLARSHIPS ARE PROVIDED TO BALL STATE UNIVERSITY TO BE APPLIED AS A CREDIT TO THE STUDENT ACCOUNT. THE FOUNDATION AND THE UNIVERSITY RECONCILE THEIR ACCOUNTS TO BE SURE THAT ALL ITEMS WERE RECORDED PROPERLY. X X X X true true X false false false false false false false false false GEOFFREY MEARNS EX-OFFICIO VICE CHAIR 0 426954 0 60000 0 28620 0 47671 0 2565 0 565810 JEAN CROSBY STARTED 520 PRESIDENT 192196 0 0 0 0 0 20519 0 3184 0 215899 0 THOMAS HECK TREASURER 203599 0 0 0 0 0 25655 0 5437 0 234691 0 JACOB LOGAN LEFT 520 PRESIDENT 138912 0 0 0 2622 0 6731 0 5301 0 153566 0 BERNARD HANNON BOARD MEMBER 0 123616 0 0 0 33387 0 17614 0 8434 0 183051 DAVID MARK HELMUS SENIOR VP FOR DEVELOPMENT 196241 0 0 0 0 0 20952 0 3248 0 220441 0 EXPLANATION OF BENEFITS PROVIDED CHARTER TRAVEL AND TRAVEL FOR COMPANIONS IS A BENEFIT MADE AVAILABLE TO SELECT OFFICERS AND DIRECTORS WHEN THERE IS ROOM AVAILABLE ON THE CHARTER PLANE USED BY THE ATHLETIC DEPARTMENT. THIS USE IS ONLY FOR BUSINESS PURPOSES. COUNTRY CLUB DUES WERE PROVIDED FOR SELECT OFFICERS AND DIRECTORS FOR BUSINESS USE. PERSONAL USE IS TAXED AND GROSSED UP ON THE W-2. KELSEY DUMOULIN KELLY DAUGHTER OF DON DUMOLION 84063 DEVELOPMENT OFFICE EMPLOYEE false DEBORAH LINEGAR DAUGHTER OF TOM KINGHORN 100424 ALUMNI OFFICE EMPLOYEE false X 21 6682557 APPRAISAL X 161004 FAIR MARKET VALUE X 81 1350252 NYSE QUOTE 1 false true false FORM 990, PART IV QUESTION 12 & PART XII QUESTION 2 THE AUDITED FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON A CONSOLIDATED BASIS WITH CARDINAL FUNDS, AND CARDINAL PROPERTIES, AND COMBINED WITH BALL STATE UNIVERSITY ALUMNI ASSOCIATION, INC. BALL STATE UNIVERSITY FOUNDATION HAS ESTABLISHED A COMMITTEE FOR THE OVERSIGHT OF THE AUDIT. FORM 990, PART VI, QUESTION 1B AS OF 6/30/2020, JEAN K. CROSBY IS A PAID EMPLOYEE OF BALL STATE UNIVERSITY FOUNDATION. GEOFFREY MEARNS AND BENARD HANNON ARE PAID EMPLOYEES OF BALL STATE UNIVERSITY, A RELATED ORGANIZATION. TOM KINGHORN AND DON DUMOULIN BOTH HAVE BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS REPORTED ON SCHEDULE L. THESE FIVE INDIVIDUALS ARE CONSIDERED NON-INDEPENDENT. FORM 990, PART VI, SECTION A, LINE 4 THE NUMBER OF BOARD MEMBERS, VOTING DIRECTORS, AND CLASSES OF VOTING DIRECTORS WERE REVISED. THE FOUNDATION REMOVED THE TREASURER POSITION FROM THE EXECUTIVE COMMITTEE. NON-BOARD MEMBERS MAY BE APPOINTED TO THE INVESTMENT SUBCOMMITTEE AND THE PHILANTHROPY COMMITTEE. THE DUTIES OF THE COMPENSATION COMMITTEE WERE REVISED. THE VICE-CHAIR OF THE BOARD SHALL SERVE AS THE EX OFFICIO CHAIR OF COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND RELATED SCHEDULES ARE APPROPRIATELY REVIEWED BY THE AUDIT COMMITTEE AND AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 AND SCHEDULES ARE THEN PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY EVERY OFFICER, DIRECTOR AND KEY EMPLOYEE. THE QUESTIONNAIRE REQUIRES ALL INTERESTED PERSONS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. UPON DISCLOSURE OF AN INTEREST, THE BOARD DISCUSSES THE POTENTIAL CONFLICT WITHOUT THE INTERESTED PERSON PRESENT TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. THE BOARD THEN DETERMINES THE APPROPRIATE ACTION AFTER ANALYZING THE CONFLICT, INCLUDING RECUSAL FROM DISCUSSIONS RELATING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A AN ANNUAL REVIEW IS PERFORMED FOR THE PRESIDENT. THIS REVIEW ANALYZES COMPENSATION AS WELL AS GOALS AND OBJECTIVES SET FORTH AND ACCOMPLISHED. A COMPARABILITY STUDY IS PERFORMED WITH INFORMATION FROM FORM 990S OF SIMILAR ORGANIZATIONS. THE INFORMATION COLLECTED IS REVIEWED BY THE BALL STATE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 BALL STATE UNIVERSITY FOUNDATION MAKES GOVERNING DOCUMENTS, FORM 990, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI RECONCILIATION OF NET ASSETS CHANGE IN DONOR ALLOCATION ($ 53,851) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ($ 450,600) TOTAL ($ 504,451) BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE IN 47306 356000221 UNIVERSITY IN 115 NA false CARDINAL FUNDS 2800 WEST BETHEL AVENUE MUNCIE IN 47304 205733080 INVESTMENTS IN 501(C)(3) 7 NA true CARDINAL PROPERIES 2800 WEST BETHEL AVENUE MUNCIE IN 47304 201872207 REAL ESTATE IN 501(C)(3) 12A NA true BALL STATE UNIVERSITY ALUMNI ASSOCIATION 2800 WEST BETHEL AVENUE MUNCIE IN 47304 270458828 SUPPORT IN 501(C)(3) 5 NA false CHARITABLE REMAINDER TRUSTS (5) CHARITABLE TR IN NA false true true false false false false false false false true false false true true false false false false CARDINAL FUNDS B 190960 FMV CARDINAL PROPERTIES B 104000 FMV CARDINAL PROPERTIES C 1513383 FMV