2019-01-16T15:58:22-07:00 2018-06-30 990 2017-07-01 936022772 Oregon State University Foundation OREG 5417374218 4238 SW Research Way Corvallis OR 973331068 Steven Schauble Vice President & CFO 5417377499 2019-05-15 128.193.181.28 2017 2019-02-21 02:37:17Z X J Michael Goodwin 4238 SW Research Way Corvallis OR 973331068 164407687 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. 38 38 161 38 0 -1151590 56332021 77812026 569792 1283534 48533881 36930426 18863548 23129258 124299242 139155244 0 0 0 0 27300105 30173340 0 0 20696495 75105459 79997734 102405564 110171074 21893678 28984170 750520166 793133191 91167352 89320939 659352814 703812252 X 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. 0 0 10285503 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY18 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 1,900 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. 18364737 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY18, to support the construction or renovation of campus facilities. Major projects in F18 included: Renovations to Gill Colosseum and the Valley Football Center, the Oregon Forest Science Complex, the Marine Studies Building in Newport, and improvements for the College of Veterinary Medicine. 18656616 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY18, to support teaching and research. With 145 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. 69693 0 0 Advertising/Promotion 155564 0 0 Books, Periodicals & Subscriptions 69239 0 0 Computer related expenses 139316 0 312059 Conferences, Meetings and Seminars 674843 0 0 Donor Cultivation/Stewardship 27538 0 56729 Dues and Memberships 98276 0 0 Equipment 619510 0 0 Insurance 4065460 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) 945 0 0 Licenses and Permits 147768 0 0 Lobbying 391535 0 0 Maintenance & Repair 1427408 0 914746 Miscellaneous Operating Expense 554773 0 0 Office & Admin Supplies 2697376 0 0 Payroll 14284 0 0 Photography 1979742 0 0 Public Relations/Entertaining 236692 0 0 Recognition and Awards 562276 0 0 Rentals & Leases 125789 0 0 Services 3194023 0 0 Special program expense 11797 0 0 Staff Meetings/Training 99 0 0 Telephone/Internet 1398066 0 0 Travel -3 0 0 Rounding 18662009 0 1283534 65968865 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 1 145 0 1 161 1 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 X 38 38 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 Leonard Aplet Trustee - Executive Committee 4 2 X 0 0 0 David P Arbanas Trustee 2 0 X 0 0 0 Harold Ashford Trustee - Executive Committee 4 0 X 0 0 0 Penny Atkins Trustee - Executive Committee 4 2 X 0 0 0 Ken Austin Trustee - Executive Committee 4 0 X 0 0 0 Robert Bailey Trustee 2 0 X 0 0 0 Ken Barrow Trustee 2 0 X 0 0 0 Jon Bettendorf Trustee - Executive Committee 2 1 X 0 0 0 Rebecca Camden Trustee 2 0 X 0 0 0 Sandy Campbell Trustee 2 0 X 0 0 0 Tanja Cebula Trustee - Executive Committee 4 0 X 0 0 0 Gordon Clemons Trustee 2 0 X 0 0 0 Mary M Coucher Trustee 2 0 X 0 0 0 Thomas A Davies Trustee 2 0 X 0 0 0 Jill Eiland Trustee 2 0 X 0 0 0 Gayle E Fitzpatrick Trustee - Executive Committee 4 0 X 0 0 0 Doug Layman Trustee 2 0 X 0 0 0 Bert Loughmiller Trustee 2 0 X 0 0 0 Frank Morse Trustee 2 0 X 0 0 0 Irva Kay Neyhart Trustee 2 0 X 0 0 0 Caron Ogg Trustee 2 0 X 0 0 0 Diane Paddison Trustee 2 0 X 0 0 0 Tod D Perkins Trustee 2 0 X 0 0 0 Carol Hill Pickard Trustee 2 0 X 0 0 0 Dennis Powell Trustee - Executive Committee 4 0 X 0 0 0 Ken Provencher Trustee 2 0 X 0 0 0 Mike Rich Trustee 2 0 X 0 0 0 Bob Rothschild Trustee 2 0 X 0 0 0 Eric Schoenstein Trustee - Executive Committee 4 0 X 0 0 0 Angela Snow Trustee 2 0 X 0 0 0 Bond Starker Trustee 2 0 X 0 0 0 Dave Underriner Trustee 2 0 X 0 0 0 Tony Williams Trustee 2 0 X 0 0 0 Mary C Yates Trustee - Executive Committee 4 0 X 0 0 0 Steve Zamsky Trustee 2 0 X 0 0 0 Jon DeVaan Trustee (Past Chair) 2 0 X X 0 0 0 John Stirek Trustee (Chair Elect) 4 0 X X 0 0 0 Tom Toomey Chair 4 0 X X 0 0 0 J Michael Goodwin President and CEO 40 0 X 553309 0 45900 Steven M Schauble Treasurer, VP and CFO 40 0 X 294642 0 45177 Tiffany M Dean Secretary 40 0 X 86661 0 11850 Shawn Scoville Executive VP 40 0 X 465295 0 45900 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X 317684 0 45021 Constance C French VP for Principal Gifts 40 0 X 223574 0 0 Kevin L Harvey Associate VP, Finance 40 0 X 222168 0 38083 Kristin G Watkins Associate VP for Development, Portland Center 40 0 X 216991 0 36601 Todd R Bastian Associate VP for Development 40 0 X 205187 0 35333 2585511 0 303865 40 0 1 0 Levy Premium Food Service LP 980 N Michigan Ave Suite 500 Chicago IL 60611 catering 884027 Ellucian Company LP 62578 Collections Center Drive Chicago IL 606930625 technology 369906 UBCTPartnership dba Union Bank Bldg c/o Melvin Mark Brkg Unit 145 PO Box 5153 Portland OR 972085153 Leasing agent 345889 Grenzebach Glier and Associates PO Box 775324 Chicago IL 60677 fundraising consultant 264515 Journal Graphics PO Box 10346 Portland OR 97296 printing and mailing services 237912 16 0 0 0 0 0 77812026 17862377 77812026 Other Program Service Revenue 900001 729364 729364 0 0 Registration 900099 387445 387445 0 0 Conference and Seminars 900099 106019 106019 0 0 Memberships 900099 56729 56729 0 0 3977 3977 0 0 1283534 11711780 0 0 11711780 0 0 0 0 18108 0 0 18108 1716304 0 946271 0 770033 0 770033 0 0 770033 49524818 0 24306172 0 25218646 0 25218646 0 0 25218646 353673 0 0 353673 0 353673 Management Fees 900099 11195114 11195114 0 0 Contract agreement with OSU 900099 6622752 6622752 0 0 Change in Split Interests 900099 2709716 2709716 0 0 1459862 1459862 0 0 21987444 139155244 23270978 0 38072240 X 11438842 8962270 582199 1894373 14136875 3840235 2486583 7810057 1826741 0 459756 1366985 1828740 25663 637816 1165261 942142 0 224448 717694 253086 52620 200466 179870 179870 147768 147768 3897987 3897987 1276660 128340 305877 842443 91700 71237 0 20463 2479079 1868646 332011 278422 1189719 310619 495320 383780 633055 103569 529486 0 3181864 2464657 68355 648852 615253 451695 63135 100423 4969732 4889409 80323 0 24159 24159 746625 632981 113496 148 Capital Outlay Land & Building 17143271 17143271 0 0 Special Program Expense 4388729 3893778 434497 60454 Awards and Scholarships 11326286 11313500 3569 9217 Transfer Out Endowment Fee 7053848 0 7053848 0 20399043 9668607 5332513 5397923 110171074 65968865 23505714 20696495 14044732 21058778 43256234 43478038 343586 510215 700000 700000 283301 622340 670676 441856 252979 228820 428484448 445606942 244557169 259064402 18597717 21863656 750520166 793133191 11227149 7465731 273929 700000 700000 79240203 80881279 91167352 89320939 X 1019976 3882979 269204974 281209527 389127864 418719746 659352814 703812252 750520166 793133191 X 28984170 18723606 0 0 -1262075 -1986263 X 0 1 X 1 0 X 63061702 76027476 74599926 56332021 77812027 347833152 0 0 0 0 0 0 0 0 0 0 0 0 63061702 76027476 74599926 56332021 77812027 347833152 35120407 312712745 9955584 9606848 9266171 6403464 9797562 45029629 0 0 0 0 0 0 4715099 5024815 4320782 5293009 3648630 23002335 415865116 78739351 0.75196 0.80620 X Schedule A, Part II, Line 10 Income from partnerships $20,204,390; Income - Farm Revenues $2,917; Other investment income $2,526,740; Accrued income from endowment pool $268,287; rounding $1 - TOTAL $23,002,335 0 147768 147768 110023306 110171074 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 68223 158511 188528 147768 563030 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. 572737217 44448937 56181971 13934838 29851873 0 629581414 514525465 20340233 69255302 7467015 23916768 0 572737217 534807425 18500988 -8663234 6382129 23737585 0 514525465 541620664 24092465 -3111737 5374843 22419124 0 534807425 477225244 22094251 66259148 5465484 18492495 0 541620664 0.0307 0.684 0.2853 1 0 0 0 0 0 164200 0 164200 0 120875 72408 48467 0 289636 276604 13032 0 95965 92844 3121 228820 Hedge Funds 121683732 F Partnerships 102296230 F Real Property Held for Investment 22351988 F Real Estate 6111563 F Mortgages, Notes and Contracts 5604169 F Investment Receivable 1016720 F 259064402 0 Endowment assets held for OSU 47975757 Trust liability 15783847 Net pooled equity investment program 11469961 Gift annuity liability 5651714 80881279 183032076 14413765 0 0 28741778 43155543 139876533 0 -721289 -721289 139155244 117529568 0 1262075 0 8640311 9902386 107627182 0 2543892 2543892 110171074 Schedule D, Part V, Line 4 The OSU Foundation holds over 2,700 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 145 endowed faculty positions supported with such funds. Schedule D, Part XI, Line 2d Revenue of affiliates $28,741,778 - TOTAL $28,741,778 Schedule D, Part XI, Line 4b Rental expenses netted against gross rental revenue ($946,271); market adjustments to split interest agreements $224,986 - TOTAL ($721,289) Schedule D, Part XII, Line 2d Expenses of affiliates $7,698,709, rental expenses netted against gross rental revenue of stmt of revenue $941,602 - TOTAL $8,640,311 Schedule D, Part XII, Line 4b Transfer of affiliates $2,543,892 = TOTAL $2,543,892 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. 990 Part VII Line 8 353673 0 353673 0 0 0 0 0 0 0 0 353673 0 353673 0 0 0 0 0 0 0 353673 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 J Michael Goodwin President and CEO 478309 0 75000 0 0 0 45900 0 19917 0 619126 0 0 0 Steven M Schauble Treasurer, VP and CFO 257142 0 37500 0 0 0 45177 0 20056 0 359875 0 0 0 Tiffany M Dean Secretary 85661 0 1000 0 0 0 11850 0 11245 0 109756 0 0 0 Shawn Scoville Executive VP 406695 0 58600 0 0 0 45900 0 23485 0 534680 0 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 280184 0 37500 0 0 0 45021 0 23485 0 386190 0 0 0 Constance C French VP for Principal Gifts 215741 0 7833 0 0 0 0 0 17404 0 240978 0 0 0 Kevin L Harvey Associate VP, Finance 204668 0 17500 0 0 0 38083 0 21870 0 282121 0 0 0 Kristin G Watkins Associate VP for Development, Portland Center 204491 0 12500 0 0 0 36601 0 21120 0 274712 0 0 0 Todd R Bastian Associate VP for Development 192687 0 12500 0 0 0 35333 0 21885 0 262405 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. During the reporting period, the Foundation paid travel expenses for the spouse of the President/CEO and the spouse of the Executive Vice President to attend one out-of-state board of trustees meeting; and for the President/CEO's spouse to join him on other select out-of-state fundraising trips where spouses of participating alumni and donors were also included. 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 309 15586626 recognized brockerage at FMV X 13 963400 FMV X Bonds 2 1012350 FMV 0 0 1 1 Schedule M, Part I, Line 32b Brokerage firms such as Charles Schwab and TD Ameritrade are used to liquidate noncash gifts such as stock. Real estate agents are used, as necessary, when marketing real estate. 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 at a Board of Trustee meeting. After considering all the review procedures above, the tax return is timely filed with the IRS. Form 990, Part VI, Section B, Line 12c Enforcement of Conflicts Policy - 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 compensation of the organization's President/CEO is reviewed extensively on an annual basis. The 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, the President/CEO, and members of the senior leadership team ensure close and frequent monitoring of the organization's performance and the leadership of its top executive. Additionally, the Compensation Committee of the Board of Trustees performs an annual review of the top executive's total compensation package, which includes a review of personal and organizational performance and benchmarking of peer institutions' compensation structures. - - - - - - - - The compensation of the organization's key employees is reviewed extensively on an annual basis. The employee's immediate supervisor oversees the development of an annual work plan and monitors progress and performance against established goals. The Compensation Committee of the Board of Trustees performs an annual review of the total compensation packages of the organization's highest paid employees, which includes benchmarking of peer institutions' compensation structures. Form 990, Part VI, Section C, Line 19 Governing Document Disclosure Explanation - The organization's governing documents, conflict of interest policy, and IRS Forms 990 and 990T 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 IX, Line 24e PROGRAM SERVICE: Books, periodicals and subscriptions $521,974; Capital outlay equipment $1,346,677; Donor cultivation/stewardship $674,843; Dues and memberships $52,170; Licenses and permits $1,188; Maintenance and repaid - bldg $453,651; Maintenance and repair - equipment $203,289; Maintenance and repair - miscellaneous $31,765; Miscellaneous expenses $2,830,888; Photography $24,184; Public Relations $2,509,365; Rental & lease - equipment $685,097; Rental & lease - miscellaneous $216,852; Staff training $13,097; Telephone/internet $103,567 - TOTAL $9,668,607 MANAGEMENT: Administrative gift fee $130,442; Board of trustee expenses $1,346; Books, periodicals and subscriptions $1,936; Capital outlay equipment $395; Donor cultivation/stewardship $226,282; Dues and memberships $8,412; Licenses and permits $306; Maintenance and repair - bldg $58,642; Maintenance and repair - equipment $4,400; Maintenance and repair - miscellaneous $141,680; Miscellaneous expenses $752,590; Photography $942; Public Relations $12,494; Rental & lease - equipment $345; Rental & lease - miscellaneous $19,788; Staff training $12,072; Taxes $233,761; Telephone/internet $1,960; University endowment distribution $1,796,269; endowment earnings distributions $436,306; net, realized gain/loss $4,670; net inter/intrafund transactions $1,487,475 - TOTAL $5,332,513 FUNDRAISING: Administrative gift fee $3,878,793; Board of trustee expenses $2,756; Books, periodicals and subscriptions $8,914 ; Capital outlay equipment $3,297; Donor cultivation/stewardship $910,334; Dues and memberships $51,241; Licenses and permits $256; Maintenance and repair - equipment $125; Miscellaneous expenses $74,217; Photography $11,907; Public Relations $201,057; Rental & lease - equipment $666; Rental & lease - miscellaneous $180,634; Staff training $73,225; Telephone/internet $17,080; Unfulfilled pledges ($16,579) - TOTAL $5,397,923 Form 990, Part XI, Line 9 $1,986,266 (Gain)/loss on revaluation of assets 4238 Research Way LLC 4238 SW Research Way Corvallis OR 973331068 811384420 commercial rental real estate OR 846798 10752506 OSU Foundation 4550 Research Way LLC 850 SW 35th Street Corvallis OR 97333 813776822 commerical rental real estate OR 749819 6508029 OSU Foundation Oregon 4-H Foundation 119 Ballard Extension Hall Corvallis OR 973313608 930711337 youth education and development OR 501(c)(3) 9 N/A 0 The Beaver Caucus C/O J Michael Goodwin 4238 SW Research Way Corvallis OR 973331068 473315262 higher education advocacy OR 501(c)(4) N/A 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 N/A 0 Trysting Tree Golf Club Inc PO Box 989 Eugene OR 97440 930974350 Golf course OR OSU Foundation C 1 1 Charitable Remainder Uni-Trusts (84) 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 Annuity Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management OR 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 (9) 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 Unitrust (1) 4238 SW Research Way Corvallis OR 973331068 investment management NV N/A T 0 1 0 1 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 Oregon 4-H Foundation d 25000 OSUF loaned funds to 4H - Josephine Country - for the purchase of animal pens for the county 4H program - these funds were loaned in FY17 and paid back in FY18 Oregon 4-H Foundation l 101873 administrative gift fee assessment by OSUF on gifts designated for 4H Oregon State University Alumni Association l 19002 administrative gift fee assessment by OSUF on gifts designated for OSUAA Oregon 4-H Foundation n 0 office space, equipment, and other support provided at no cost Oregon 4-H Foundation o 229458 several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis - disclosed amount represent 100% of cost Oregon 4-H Foundation r 702472 net transfers made to 4H regarding interfund and endowment accounting transactions Oregon State University Alumni Association r 2287811 net transfers made to OSUAA regarding interfund and endowment accounting transactions Trysting Tree Golf Club Inc r 100 dividend amount based on annual operating results The Beaver Caucus b 122221 contribution to The Beaver Caucus to cover payment of professional consulting $121,560 and other operating expenses of $662 The Beaver Caucus o 25547 Staff of OSU Foundation provided administrative support to the Beaver Caucus. The amount disclosed is 30% of the salary costs of that employee