2016-01-20T14:56:27-07:00 2015-06-30 990 2014-07-01 936022772 Oregon State University Foundation OREG 5417374218 850 SW 35th Street Corvallis OR 97333 Steven Schauble Vice President & CFO 5417377499 2016-01-20 2014 2016-04-25 22:37:26Z J Michael Goodwin 850 SW 35th Street Corvallis OR 97333 179937386 0 X www.osufoundation.org X 1947 OR The OSU Foundation is a 501(c)(3) non-profit corporation chartered to receive, manage, and administer private gifts to support Oregon State University. Private support deepens the University's impact and extends its reach across the state and around the world by helping to make an OSU education accessible to qualified students. It also allows faculty, staff, and students to push the frontiers of knowledge, contributing to the state's prosperity and addressing some of the most pressing challenges facing our planet and its people. 44 44 141 44 -849441 -849441 63061702 76027475 593442 6542410 27328770 15379848 17556348 15895213 108540262 113844946 0 0 0 0 22619877 25044585 0 0 14733496 60457218 83736806 83077095 108781391 25463167 5063555 670239160 658164134 48283904 46375760 621955256 611788374 X The OSU Foundation is a 501(c)(3) non-profit corporation chartered to receive, manage, and administer private gifts to support Oregon State University. Private support deepens the University's impact and extends its reach across the state and around the world by helping to make an OSU education accessible to qualified students. It also allows faculty, staff, and students to push the frontiers of knowledge, contributing to the state's prosperity and addressing some of the most pressing challenges facing our planet and its people. 0 0 8046025 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY15 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 1,600 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. 35369011 0 6000000 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY15 to support the construction or renovation of campus facilities. Major projects in FY15 included: Johnson Hall, Cascades Hall, completion of Austin Hall, expansion of the OSU-Cascades Campus, renovations to Goss Stadium and the Valley Football Center, and completion of the Asian and Pacific Cultural Center and the Lonnie B. Harris Black Cultural Center. 15138216 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY15 to support teaching and research. With 124 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. 3472419 0 0 Administrative gift fees 366651 0 0 Books, Periodicals & Subscriptions 143658 0 0 Computer related expenses 105183 0 344326 Conferences, Meetings and Seminars 38866 0 0 Donor Cultivation/Stewardship 24173 0 73638 Dues and Memberships 37829 0 0 Duplicating and Copying 6037215 0 0 Endowment related expenses 137778 0 0 Equipment 455400 0 26722 Events 4787086 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) -77815 0 0 Interfund 2868 0 0 Licenses and Permits 230548 0 0 Mailing/Shipping Expense 70002 0 0 Maintenance & Repair 91720 0 0 Minor Office Equipment 1239 0 0 Miscellaneous Operating Expense 520317 0 0 Non-employee travel 83780 0 0 Office & Admin Supplies 2012107 0 0 Payroll 9831 0 0 Photography 537311 0 0 Professional Fees 1378620 0 0 Public Relations/Entertaining 225244 0 0 Publishing/Printing 345083 0 0 Recognition and Awards 306182 0 0 Rentals & Leases 173000 0 0 Services 5680892 0 97724 Special program expense 44761 0 0 Staff Meetings/Training 186902 0 0 Other student Aid 9935 0 0 Telephone/Internet 416013 0 0 Travel -1 0 0 Rounding 27854797 0 542410 86408049 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 0 1 1 1 0 0 1 X 142 0 1 141 1 1 1 0 0 0 1 1 1 1 1 0 0 0 1 1 0 X 44 44 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 ME MN NH NJ NY OH OK OR SC UT WA WV X X Patricia Nowak 5417374922 850 SW 35th Street Corvallis OR 97333 Harold Ashford Trustee 2 0 X 0 0 0 Penny Yanno Atkins Trustee 2 0 X 0 0 0 Robert L Bailey Trustee 2 0 X 0 0 0 Stephen M Bailey Trustee 2 0 X 0 0 0 Jack W Berka Trustee 2 0 X 0 0 0 Knute Buehler Trustee 2 0 X 0 0 0 Carl Casale Trustee 2 0 X 0 0 0 Tanja Cebula Trustee 2 0 X 0 0 0 James E Coleman 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 Wissler Eiland Trustee 2 0 X 0 0 0 Steve J Gomo Trustee 2 0 X 0 0 0 Eric H I Hoffman Trustee 2 0 X 0 0 0 William Jabs Trustee 2 0 X 0 0 0 Mark J Kralj Trustee 2 0 X 0 0 0 Bert Loughmiller Trustee 2 0 X 0 0 0 Patrick Mendenhall Trustee 2 0 X 0 0 0 Gregory Merten Trustee 2 0 X 0 0 0 Frank Morse Trustee 2 0 X 0 0 0 Laura Naumes Trustee 2 0 X 0 0 0 Irva Kay Neyhart Trustee 2 0 X 0 0 0 Natalie Giustina Newlove Trustee 2 0 X 0 0 0 Diane Detering Paddison Trustee 2 0 X 0 0 0 Tod D Perkins Trustee 2 0 X 0 0 0 James J Piro Trustee 2 0 X 0 0 0 Dennis Powell Trustee 2 0 X 0 0 0 Roderick Ray Trustee 2 0 X 0 0 0 Patricia V Reser Trustee 2 0 X 0 0 0 Joth Ricci Trustee 2 0 X 0 0 0 Mike Rich Trustee 2 0 X 0 0 0 Eric H Schoenstein Trustee 2 0 X 0 0 0 Bond Starker Trustee 2 0 X 0 0 0 John Stirek Trustee 2 0 X 0 0 0 Patrick F Stone Past Chair 2 0 X X 0 0 0 David A Thompson Trustee 2 0 X 0 0 0 James Whyte Trustee 2 0 X 0 0 0 Tony Williams Trustee 2 0 X 0 0 0 James M Williams Trustee 2 0 X 0 0 0 Mary C Yates Trustee 2 0 X 0 0 0 James G Youde Trustee 2 0 X 0 0 0 Steve A Zamsky Trustee 2 0 X 0 0 0 Ruth A Beyer Chair 5.0 0 X X 0 0 0 Jon DeVaan Chair Elect 5.0 0 X 0 0 0 J Michael Goodwin President and CEO 50 0 X 477569 0 44200 Steve Schauble Treasurer, VP and CFO 50 0 X 246498 0 42162 Lynne Fullerton-Baham Secretary 50 0 X 82646 0 13861 Shawn Scoville Executive VP 50 0 X 385446 0 44200 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X 278155 0 72959 Kevin J Heaney VP, Constituent and Central Development Program 40 0 X 270287 0 46935 Kevin L Harvey Associate VP, Finance 40 0 X 194166 0 34505 Todd R Bastian Sr Dir of Development 40 0 X 155412 0 28092 Aaron Escobar Sr Dir of Development 40 0 X 155098 0 28034 2245277 0 354948 35 0 1 0 Zoom 7 Inc 3511 Cedar Spring Rd Suite B Dallas TX 75219 Consulting - campaign celebration 666627 Mercer PO Box 730182 Dallas TX 753730182 Consulting - investment management 652940 Sodexo Inc & Affiliates Dept 43283 1365 N Orchard Suite 373 Boise ID 83706 Catering 332522 Stutzman & Kropf Contractors Inc 1954 Rye Street SE Albany OR 97322 Construction 256017 Sports Air Management 2009 Grafton Ave Henderson NV 89074 Travel services 163000 7 0 0 0 0 0 76027475 11895390 76027475 Registration/Conferences/Seminars 900099 344326 344326 0 0 Other revenue - services 900099 26722 26722 0 0 Membership Dues 900099 73638 73638 0 0 INTO - Cascades Hall 900099 6000000 6000000 0 0 97724 97724 0 0 6542410 14373990 0 0 14373990 0 0 0 0 0 0 0 0 242815 0 0 0 242815 0 242815 0 0 242815 65273250 1825048 63953361 2139079 1319889 -314031 1005858 0 -849441 1855299 365419 0 0 365419 0 365419 Management Fees 900099 9582052 9582052 0 0 Contract agreement with OSU 900099 5023860 5023860 0 0 681067 681067 0 0 15286979 113844946 21829389 -849441 16837523 X 1192159 246498 945661 20200984 10746657 2107204 7347123 1465564 359458 1106106 1365616 1000 392558 972058 820262 181923 638339 210527 63715 117317 29495 134464 134464 68223 68223 1880550 1880550 1613856 80662 247332 1285862 134511 67697 66814 3876022 3268858 293831 313333 960767 565819 334169 60779 687944 55722 631935 287 2679977 2083018 70355 526604 559030 332211 67263 159556 5241783 5161460 80323 63426 63426 74645 1521 74094 -970 Awards and Scholarships 9077839 9066344 2514 8981 Capital outlay land & bldg 33170258 33170258 0 0 Endowment Management Fees 5961413 5961413 0 0 Special Program Expense 6033136 5981112 11946 40078 11308435 9732359 342686 1233390 108781391 86408049 7639846 14733496 9105008 2081897 33171100 42752141 301268 278328 700000 700000 203455 61074 585041 359415 289052 225626 446341565 418744666 157863225 173005047 22264487 20315355 670239160 658164134 7292236 5389722 115664 700000 700000 40176004 40286038 48283904 46375760 X 13318672 18632524 264537103 229579682 344099481 363576168 621955256 611788374 670239160 658164134 X 5063555 -17002841 0 0 0 1772404 X 0 1 X 1 0 X 65697580 65513430 51591325 63061702 76027476 321891513 0 0 0 0 0 0 0 0 0 0 0 0 65697580 65513430 51591325 63061702 76027476 321891513 321891513 8771916 10738010 10278483 9955584 9606848 49350841 14739 4048 46475 0 0 65262 1466516 2074552 4687295 4715099 5024815 17968277 389275893 74743771 0.82690 0.75505 X Schedule A, Part II, Line 10 Schedule A, Part II, Line 10 - Income from Partnerships $16,768,964; Other Investment Income $1,394,979; Accrued Income from Endowment Pool ($130,404); Adj for UBI from partnership K-1s that is reported on line 9 ($65,262) - TOTAL $17,968,277 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 68223 68223 108713169 108781392 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 42158 47371 17300 68223 175052 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Schedule C, Part II-A, Line 1b Schedule C, Part II-A, Line 1b - Amounts paid to an outside consultant, Quinn Thomas Public Affairs, for advocacy efforts performed on behalf of public post-secondary education in our state Schedule C, Part II-A, Line 2a Schedule C, Part II-A, Line 2z - Explanation of four year averaging - FYE 6/30/12 was the first year for which the organization made an election under section 501(h) 541620664 24092465 -3111737 5374843 22419124 0 534807425 477225244 22094251 66259148 5465484 18492495 0 541620664 440934507 20434072 37164218 5964627 15342926 0 477225244 445818814 25400516 -9681821 5969991 14633011 0 440934507 379601606 22712792 62794733 5847492 13442825 0 445818814 0.0204 0.6979 0.2817 1 0 0 0 0 0 164200 0 164200 0 67751 46171 21580 0 93088 80906 12182 0 260002 232338 27664 225626 Partnerships 86791267 F Hedge funds 65307110 F Mortgages, notes & contracts 7417262 F Real property held for investment 6675000 F Real estate 6598672 F Investments receivable 215736 F 173005047 Remainder trusts - held outside 11738952 Real property held for sale 5115037 Perpetual trusts 1451604 Other assets 1139192 Lead trusts 870570 20315355 Trust liability 18598761 Net pooled equity investments program 8954093 Gift annuity liability 6722218 Uncleared check balance in 0 operating cash (topsided entry) 6010966 40286038 100707813 -17240957 0 0 4103824 -13137133 113844946 0 0 0 113844946 111837086 0 205936 0 2849759 3055695 108781391 0 0 0 108781391 Schedule D, Part I, Line 1 ---------- Schedule D, Part V, Line 4 Schedule D, Part V, Line 4 - The OSU Foundation holds over 2,000 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 124 endowed faculty positions supported with such funds. Schedule D, Part XI, Line 2d Revenue of affiliates $4,103,824 - Total $4,103,824 Schedule D, Part XII, Line 2d Expense of affiliates $2,340,019; Unrealized Gains/Losses ($238,116); Gift and pledge adjustments $747,856 - Total $2,849,759 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 I, Line 1 ---------- Schedule F, Part IV 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. 990 Part VIII Line 8 365419 0 365419 0 0 0 0 0 0 0 0 365419 0 365419 0 0 0 0 0 0 0 365419 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 J Michael Goodwin President and CEO 420397 0 75000 0 0 0 44200 0 17828 0 557425 0 0 0 Steve Schauble Treasurer, VP and CFO 237773 0 25000 0 0 0 42162 0 16275 0 321210 0 0 0 Lynne Fullerton-Baham Secretary 91375 0 1000 0 0 0 13861 0 9730 0 115966 0 0 0 Shawn Scoville Executive VP 366155 0 39300 0 0 0 44200 0 20008 0 469663 0 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 263162 0 35000 0 0 0 75959 0 20007 0 394128 0 0 0 Kevin J Heaney VP, Constituent and Central Development Program 265271 0 25000 0 0 0 46935 0 19983 0 357189 0 0 0 Kevin L Harvey Associate VP, Finance 198273 0 15000 0 0 0 34505 0 19108 0 266886 0 0 0 Todd R Bastian Sr Dir of Development 162858 0 12500 0 0 0 28092 0 19946 0 223396 0 0 0 Aaron Escobar Sr Dir of Development 162544 0 12500 0 0 0 28034 0 19946 0 223024 0 0 0 Schedule J, Part I ---------- Schedule J, Part I, Line 1a Fringe or Expense Explanation 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 X 331 9508770 Recognized brokerage at FMV X 3 418484 FMV X Bonds 3 439474 FMV X Life Insurance Policy 1 96172 FMV X Mortgages/Contracts 1 48023 FMV X Remainder Trusts - Outside 7 1354467 FMV 0 0 1 1 Schedule M, Part I ---------- 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, Header, Line A ---------- 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 V, Line 3b For this reporting year the OSU Foundation has a UBI loss of $849,441. We have filed a 990-T reporting this loss. Form 990, Part V, Line 7d Required Form 8282 was filed after 7/1/15 for one transaction that occurred during this reporting period. 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 and tax accountants, 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 Trustees Meeting. The tax return is then 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 Line 15a - 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. -------------------------------------------------------------------------------------------------------------------Line 15b - Compensation Process for Key Employees: 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. 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 18 Availability of 990 and 990-T - The organization's IRS Form 990 and 990-T are made available to the public upon request or through GuideStar. Form 990, Part VI, Section C, Line 19 Governing document disclosure explanation - The organization's governing documents, and conflict of interest policy 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: Administrative gift fees $3,472,419; books, periodicals & subscriptions $452,451; capital outlay equipment $1,172,495; donor cultivation/stewardship $494,266 ; dues and memberships $46,463 ; endowment related expenses $75,802; internet $15,505; licenses and permits $4,218; maintenance & repair - building $317,624; maintenance & repair - equipment $94.971; maintenance & repair - misc $9,057; misc expense$1,789,567; photography $14,390; public relations $1,705,727; rental & lease - misc $143,955; staff training $1,265; transfers/distributions ($77,815); rounding ($1) - TOTAL $9,732,359 MANAGEMENT/GENERAL: Board of trustee expenses $398; books, periodicals & subscriptions $4,331; capital outlay equipment $34,972; dues and memberships $2,562; internet $1,042; licenses and permits $506; maintenance & repair - building $2,564; maintenance & repair - equipment $2,834; maintenance & repair - misc $70,179; misc expense $145,918; photography $450; public relations $1,236; rental & lease - misc $39,564; staff training $8,684; taxes $27,447 - TOTAL $342,686 FUNDRAISING: books, periodicals & subscriptions $4,553; donor cultivation/stewardship $922,775; dues and memberships $28,183; internet $3,310; licenses and permits $1,684; maintenance & repair - misc $9; misc expense $183,799; photography $13,826; public relations $127,846; ranch operations $1,343; rental & lease - misc $4,456; staff training $35,997; taxes ($94,390) - TOTAL $1,233,390 Form 990, Part XI, Line 9 Unfulfilled Pledges ($747,856); gift and pledge adjustments ($205,935) net assets transferred to OSUF from sale of Harvey Ranch $2,726,195 - TOTAL $1,772,404 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 850 SW 35th Street Corvallis OR 97333 473315262 higher education advocacy OR 501(c)(4) N/A 0 Trysting Tree Golf Club Inc PO Box 989 Eugene OR 97440 930974350 Golf course OR OSU Foundation C 920697 2497272 1 1 Charitable Remainder Uni-Trusts (71) 850 Sw 35th Street Corvallis OR 97333 Investment management OR T Charitable Remainder Uni-Trust Net Income (18) 850 SW 35th Street Corvallis OR 97333 Investment management OR T Charitable Remainder Uni-Trust (4) 850 SW 35th Street Corvallis OR 97333 Investment management CA T Charitable Remainder Uni-Trust (4) 850 SW 35th Street Corvallis OR 97333 Investment management PA T Charitable Remainder Annuity Trust (3) 850 SW 35th Street Corvallis OR 97333 Investment management OR T Charitable Remainder Uni-Trust (3) 850 SW 35th Street Corvallis OR 97333 Investment management WA T Charitable Lead Annuity Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management OR T Charitable Remainder Uni-Trust Net Income (1) 850 SW 35th Street Corvallis OR 97333 Investment management WA T Perpetual Trust (1) 850 SW 35th Street Corvallis OR 97333 Investment management WA T 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 1 0 Oregon 4-H Foundation l 96635 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 153082 Several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis - disclosed amount represents 100% of the cost Oregon 4-H Foundation r 299366 net transfers made to 4H regarding interfund and endowment accounting transactions Trysting Tree Golf Club Inc f 25000 amount based on annual operating results