2018-05-15T10:21:12-05:00 2017-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2016-07-01 356024566 BALL STATE UNIVERSITY FOUNDATION INC % CHERI E O'NEILL BALL 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 TRACY CURTIS VP OF OPERATIONS 2604604000 2017-11-15 true Lauren R Denton P01571860 2604604000 2016 2022-09-23 18:48:47Z CHERI E O'NEILL CEOPRESIDENT 2800 W BETHEL AVENUE MUNCIE IN 47304 40758275 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. 30 25 265 25 455890 259694 16678471 14942667 0 0 4885170 5253652 67691 79773 21631332 20276092 14402074 10940075 0 0 5898071 6346927 0 0 4259326 3464535 3920700 23764680 21207702 -2133348 -931610 224279356 239675559 29546319 24350082 194733037 215325477 X THE MISSION OF THE BALL STATE UNIVERSITY FOUNDATION 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 3746415 3746415 SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. 715 SCHOLARSHIPS WERE AWARDED TO 1,401 STUDENTS DURING THE YEAR. 1514767 Support of facilities & equipment to enhance the educational opportunities and environment for Ball State University students. 7622779 7193660 SUPPORT IS PROVIDED TO BALL STATE UNIVERSITY IN THE FOLLOWING AREAS: ACADEMIC PROGRAMS, ADVANCEMENT & DEVELOPMENT, FACULTY SUPPORT, RESEARCH, FACULTY & STUDENT RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONSHIPS, ARTWORK, LIBRARY MATERIALS, AND ATHLETICS. THESE PROGRAMS SERVE TO ENHANCE THE EDUCATIONAL EXPERIENCE. 12883961 true true false true false false false false false true true true false false 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 66 0 true 265 true true true false false false false true true false false false false X 30 25 false false false false false false false true true false false true true true true true true true false false IN X X CHERI E O'NEILL 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 STEFAN S ANDERSON BOARD MEMBER 2.0 0.0 X 0 0 0 KELLI S BURRILL BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES H HARPER BOARD MEMBER 1.0 2.0 X 0 0 0 THOMAS J KINGHORN BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES C LINTZENICH BOARD MEMBER 1.0 0.0 X 0 0 0 RANDALL E POND VICE-CHAIR 1.0 0.0 X X 0 0 0 ANTHONY W SMITH CHAIR 2.0 4.0 X X 0 0 0 MICHAEL P SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD J HALL BOARD MEMBER 1.0 0.0 X 0 0 0 MARSHA J CASEY BOARD MEMBER 1.0 0.0 X 0 0 0 KENNETH R BRINER BOARD MEMBER 1.0 2.0 X 0 0 0 MARK A ERVIN IMMEDIATE PAST CHAIR 2.0 4.0 X X 0 0 0 CHERI E O'NEILL PRESIDENT & CEO 52.0 6.0 X X 253409 0 40188 THOMAS C BRACKEN BOARD MEMBER 1.0 0.0 X 0 0 0 LARRY W METZING BOARD MEMBER 1.0 0.0 X 0 0 0 DONALD D DUMOULIN BOARD MEMBER 1.0 0.0 X 0 0 0 BERNARD M HANNON BOARD MEMBER 1.0 2.0 X 0 273215 55810 DAVE W HEETER BOARD MEMBER 1.0 0.0 X 0 0 0 MARLA K TEMPLETON SECRETARY 1.0 2.0 X 0 0 0 KATHERINE A ARBUCKLE BOARD MEMBER 1.0 0.0 X 0 0 0 H BERNIE BOLDT BOARD MEMBER 1.0 0.0 X 0 0 0 E RENAE CONLEY BOARD MEMBER 1.0 0.0 X 0 0 0 W CRAIG DOBBS BOARD MEMBER 1.0 0.0 X 0 0 0 JORGE GUTIERREZ BOARD MEMBER 1.0 0.0 X 0 0 0 SHERI KENDALL BOARD MEMBER 1.0 0.0 X 0 0 0 GEOFF S MEARNS BOARD MEMBER 1.0 4.0 X 0 0 0 ROGER NEUENSCHWANDER BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT B SAXMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL C RAY BOARD MEMBER 1.0 0.0 X 0 0 0 TERRY KING BOARD MEMBER 4.0 51.0 X 0 403557 56638 JEFFREY R LANG TREASURER & EXC VP FOR FINANCE 51.0 4.0 X 189783 0 23613 CAROLYN S YOUNG ASSISTANT SECRETARY 2.0 0.0 X 0 0 0 THOMAS HECK CHIEF INVESTMENT OFFICER 51.0 4.0 X 193326 0 5656 PHILIP M PURCELL VP PLANNED GIVING & ENDOWMENT 51.0 4.0 X 185785 0 18962 TRACY CURTIS VP FOR OPERATIONS & CONTROLLER 51.0 4.0 X 110596 0 5955 DAVID MARK HELMUS SENIOR VP FOR DEVELOPMENT 51.0 2.0 X 193331 0 1669 JENNIFER GOINS AVP FOR ALUMNI PROGRAMS 51.0 2.0 X 102238 0 927 JEAN CROSBY VP FOR SEC 51.0 2.0 X 109843 0 2687 DEREK BERGER AVP FOR DEVELOPMENT 51.0 2.0 X 99380 0 14021 PAUL FERGUSON FORMER BOARD MEMBER 0.0 0.0 X 0 398413 13842 1437691 1075185 239968 10 true true false MORGAN STANLEY SMITH BARNEY 1585 BROADWAY NEW YORK NY 10036 INVESTMENT SERVICES 160000 SUSTAINABLE MUNCIE CORP 1 25 E Charles MUNCIE IN 47305 FACILITY 320000 PERELLA WEINBERG PARTNERS 767 FIFTH AVENUE NEW YORK NY 10153 INVESTMENT SERVICES 799730 SIMPSON SCARBOROUGH 1737 KING STREET SUITE 110 ALEXANDRIA VA 22314 HIGHER ED RESEARCH 132006 BLACKBAUD INC 501 N Pennsylvania Pkwy Suite 400 INDIANAPOLIS IN 46280 SOFTWARE & SERVICES 238104 7 14942667 1804678 14942667 0 390569 455890 -65321 0 0 0 0 0 25340011 20476928 4863083 4863083 4863083 85028 5255 79773 79773 0 0 0 0 0 0 0 20276092 455890 4877535 10940075 10940075 0 0 0 622622 287781 334841 4192014 1937587 2254427 0 483991 228318 255673 729565 344165 385400 318735 150360 168375 0 154653 89700 64953 389418 389418 0 0 1943886 1943886 0 0 177737 119873 57864 78468 14120 64348 0 131328 101496 29832 0 0 73453 39314 34139 140972 140972 0 369717 32539 337178 44172 44172 FUNDRAISING PROGRAMS 1973 1973 SPECIAL EVENTS 89911 89911 MISCELLANEOUS 275261 144600 130661 COMMEMORATIVE ITEMS 49751 49751 21207702 12883961 4064415 4259326 0 0 1283792 1177617 13786555 12614893 11589106 9535753 0 0 0 0 0 0 0 0 94665 142517 1627808 707013 884086 920795 5623858 6334006 187366920 205159291 0 0 0 0 3650374 3790687 224279356 239675559 10562373 7542570 1980159 1988127 0 0 0 0 0 0 0 0 14300000 12300000 0 0 2703787 2519385 29546319 24350082 X -9115785 -2639127 130010047 138970552 73838775 78994052 194733037 215325477 224279356 239675559 X -931610 23102576 -1578526 X false true X true false X 14135807 20627627 12695041 16678471 14942667 79079613 0 0 14135807 20627627 12695041 16678471 14942667 79079613 8817239 70262374 788466 600923 1394451 1022176 390569 4196585 0 19655 107462 92226 113532 85028 417903 83694101 0.83951 0.82440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5927 5927 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. 178178935 3527940 14294635 5231931 190769579 178168323 6624023 -1675360 4938051 178178935 169893441 4133124 8361126 4219368 178168323 156261205 5936386 11777100 4081250 169893441 143025686 4500248 12548792 3813521 156261205 0.05380 0.36490 0.58130 false false 82850 99770 182620 1263288 632763 630525 181900 74250 107650 920795 HEDGE FUNDS 35490230 F DOMESTIC & INT'L EQUITIES 92914553 F FIXED INCOME 18181204 F REAL ESTATE 6911522 F NATURAL RESOURCES 8786465 F PRIVATE EQUITY & VENTURE CAP. 42875317 F 205159291 0 ANNUITY OBLIGATIONS 1865323 TRUST OBLIGATIONS 654062 2519385 39851001 23102576 23102576 16748425 1943886 1583781 3527667 20276092 19258561 19258561 1943886 5255 1949141 21207702 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 4B PLEDGE ADJUSTMENTS 1,171,662 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 406,864 SPECIAL EVENTS EXPENSE 5,255 TOTAL: $1,583,781 PART XII, LINE 4B SPECIAL EVENTS EXPENSE $5,255 Central America and the Caribbean Investments 147208 Europe (Including Iceland and Greenland) Investments 799109 946317 946317 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 36993 36993 BRICK FUND 9440 9440 24 38595 38595 5255 85028 85028 5255 5255 79773 true BALL STATE UNIVERSITY 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 3746415 SCHOLARSHIPS BALL STATE UNIVERSITY 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 7193660 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 X X X X true false false false false false false false false JEFFREY R LANG TREASURER & EXC VP FOR FINANCE 184875 0 4908 18000 5613 213396 0 CHERI E O'NEILL PRESIDENT & CEO 248437 0 4972 36000 4188 293597 0 THOMAS HECK CHIEF INVESTMENT OFFICER 193326 0 0 0 5656 198982 0 PHILIP M PURCELL VP PLANNED GIVING & ENDOWMENT 185785 0 0 15667 3295 204747 0 BERNARD M HANNON BOARD MEMBER 268243 0 4972 48000 7810 329025 0 PAUL FERGUSON FORMER BOARD MEMBER 397365 0 1048 11658 2184 412255 0 TERRY KING BOARD MEMBER 399149 0 4408 48000 8638 460195 0 DAVID MARK HELMUS SENIOR VP FOR DEVELOPMENT 193331 0 0 0 1669 195000 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. SCHEDULE J, PART I, LINE 4A DR. PAUL FERGUSON RECEIVED SEVERANCE PAYMENTS IN 2016 FOR $243,948 AND IN 2017 FOR $61,250 FOR A TOTAL OF $305,198. DEBORAH LINEGAR DAUGHTER OF TOM KINGHORN 78886 Alumni Engagement Employee false KELSEY DUMOULIN KELLY DAUGHTER OF DON DUMOULIN 75844 Development Office Employee false X 18 258121 APPRAISAL X 4031 COST X 47357 COST X 35 1409968 NYSE QUOTE X PHOTOGRAPHS 13 54952 FMV ON DATE OF GIFT X COMPUTERS 2 18124 FMV ON DATE OF GIFT X VARIOUS 16 12145 FMV ON DATE OF GIFT false true true Part I, Question 32b BSUF USES FIRST MERCHANTS AND OTHER THIRD PARTIES TO LIQUIDATE GIFTS OF STOCK. 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, 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. Part VI, Question 1B AS OF 6/30/2017, BERNARD M. HANNON, CHERI E. O'NEILL, AND TERRY KING 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 WHICH MAKES THEM NON-INDEPENDENT. PART VI, QUESTION 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. PART VI QUESTION 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. PART VI QUESTION 15A AN ANNUAL REVIEW IS PERFORMED FOR THE CEO & 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 A COMMITTEE OF THE BOARD AND APPROVED. PART VI QUESTION 19 BALL STATE UNIVERSITY FOUNDATION MAKES GOVERNING DOCUMENTS, FORM 990, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. PART XI RECONCILIATION OF NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (406,864) PLEDGE ADJUSTMENT (1,171,662) TOTAL $(1,578,526) Ball State University 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 University IN 115 NA false Cardinal Funds PO BOX 672 MUNCIE IN 47306 205733080 INVESTMENTS IN 501(C)(3) 7 NA true Cardinal Properties PO BOX 672 MUNCIE IN 47306 201872207 REAL ESTATE IN 501(C)(3) 12A NA true BALL STATE UNIVERSITY ALUMNI ASSOCIATION 2800 WEST BETHEL AVENUE MUNCIE IN 47306 270458828 SUPPORT IN 501(C)(3) 5 NA false CHARITABLE REMAINDER TRUSTS (7) CHARITABLE TR IN NA false true true false false false false false true true true true true true false false false false CARDINAL FUNDS C 79082 FMV CARDINAL PROPERTIES C 1900000 FMV