2015-01-07T18:21:03-07:00 2014-06-30 990 2013-07-01 936022772 Oregon State University Foundation OREG 5417374218 850 SW 35th Street Corvallis OR 97333 Steven Schauble Vice President & CFO 5417377499 2015-01-07 2013 2016-02-25 16:41:14Z J Michael Goodwin OSU Foundation 850 SW 35th Street Corvallis OR 97333 198754888 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. 42 42 133 0 0 -696690 51591325 63061702 814362 593442 26105608 27328770 14683356 17556348 93194651 108540262 0 0 0 0 20143870 22619877 0 0 12381148 51394713 60457218 71538583 83077095 21656068 25463167 585507323 670239160 32213670 48283904 553293653 621955256 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 7472365 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts to the University in FY13 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. 16245631 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts to the University in FY14 to support the construction or renovation of campus facilities. Major projects in FY14 included: Austin Hall, the new home of the College of Business, which opened in fall 2014, completion of Centro Cultural Cesar Chavez and ongoing construction of the Asian and Pacific Cultural Center and the Lonnie B. Harris Black Cultural Center. Donors to The Campaign for OSU are making possible the construction or renovation of 28 such facilities in Corvallis and at OSU-Cascades in Bend. 13503218 0 61382 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts to the University in FY14 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. 2928911 0 0 Administrative gift fees 217397 0 0 Books, Periodicals & Subscriptions 76266 0 0 Computer related expenses 96211 0 0 Conferences, Meetings and Seminars 365266 0 0 Donor Cultivation/Stewardship 49302 0 0 Dues and Memberships 41607 0 0 Duplicating and Copying 5510557 0 532061 Endowment management fees 93108 0 0 Equipment 4934554 0 0 Interest 1303 0 0 Licenses and Permits 52837 0 0 Mailing/Shipping Expense 204563 0 0 Maintenance & Repair - Building 41488 0 0 Maintenance & Repair - Other 264262 0 0 Minor Office Equipment 271155 0 0 Miscellaneous Operating Expense 557643 0 0 Net endowment account activity 1434488 0 0 Payroll 353310 0 0 Professional - Other 1316808 0 0 Public Relations/Entertaining 262025 0 0 Publishing/Printing 302500 0 0 Recognition and Awards 226303 0 0 Rentals & Leases 160562 0 0 Services 4694111 0 0 Special program expense 169239 0 0 Student Aid 110519 0 0 Supplies 8193 0 0 Telephone/Internet -409563 0 0 Transfers 1267465 0 0 Travel 2 0 0 Rounding 25602392 0 532061 62823606 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 1 137 0 1 133 1 0 0 0 0 1 1 1 1 1 2 0 0 1 1 0 X 42 42 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 Celia Lee Austin Trustee 2 0 X 0 0 0 Stephen M Bailey Trustee 2 0 X 0 0 0 Knute Buehler Trustee 2 0 X 0 0 0 Cynthia D Campbell 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 Jame E Coleman 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 Ken Griggs 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 Edmon R Jennings 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 Elise F McClure 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 James J Piro 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 Eric J 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 Trustee 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 James G Youde Trustee 2 0 X 0 0 0 Steve A Zamsky Trustee 2 0 X 0 0 0 Ruth A Beyer Chair 2 0 X X 0 0 0 Jon DeVaan Chair Elect 2 0 X 0 0 0 J Michael Goodwin President and CEO 50 0 X 426253 0 43803 Steve Schauble Treasurer, VP and CFO 50 0 X 301222 0 46629 Lynne Fullerton-Baham Secretary 50 0 X 79504 0 13335 Shawn Scoville Senior VP 50 0 X 457326 0 44294 Kevin J Heaney VP 40 0 X 329438 0 46939 Jeffrey W Comfort VP 40 0 X 256552 0 0 Shawn R Heilbron Sr Dir of Development 40 0 X 199394 0 34500 Kevin L Harvey Associate VP 40 0 X 194455 0 20587 Helen C Van Natta VP 40 0 X 155424 0 26556 2399568 0 276643 35 0 1 0 Mercer PO Box 730182 Dallas TX 753730182 Consulting 589950 Gerding Builders LLC PO Box 1082 Corvallis OR 97339 Construction 538862 Sodexo Inc & Affiliates Dept 43283 1365 N Orchard Suite 373 Boise ID 83706 Catering 276639 Stoel Rives LLP 900 SW Fifth Ave Suite 2600 Portland OR 972041268 Legal 248719 Sports Air Management 2009 Grafton Ave Henderson NV 89074 Travel services 148000 9 0 0 0 0 0 63061702 5349747 63061702 Registration/conference 900099 322044 322044 0 0 Other revenue - services 900099 103078 103078 0 0 Membership dues 900099 61382 61382 0 0 106938 106938 0 0 593442 14287373 0 0 14287373 0 0 0 0 0 0 0 0 364460 0 0 0 364460 0 364460 364460 0 0 103155446 100577 90160626 54000 12994820 46577 13041397 0 0 13041397 350033 0 0 350033 0 350033 Management fees 900099 8547622 8547622 0 0 Contract agreement with OSU 900099 5716488 5716488 0 0 Change in split interest agreements 900099 2576884 0 0 2576884 861 861 0 0 16841855 108540262 15222873 0 30255687 X 1179163 0 320609 858554 16994141 8600614 2144616 6248911 1494197 0 373211 1120986 2176314 735386 515565 925363 776062 0 175457 600605 139859 16655 120204 3000 115608 115608 17300 17300 1487557 1487557 745542 68604 205623 471315 161328 93072 68256 2818478 2155454 303417 359607 574628 239984 272270 62374 799892 799892 2612159 2106381 65419 440359 427144 290336 49781 87027 5392283 5311960 80323 81070 81070 70689 1138 69551 Capital outlay land & bldg 15599873 15599873 0 0 Special program expense 5048475 4958189 -12139 102425 Awards and scholarships 8222497 8214790 1816 5891 Transfer out endowment fee 5510557 5510557 0 0 10632279 8903313 702491 1026475 83077095 62823606 7872341 12381148 27801619 9105008 41984050 33171100 348530 301268 700000 700000 427830 203455 885863 596811 370302 289052 310070765 446341565 183092220 157863225 20712007 22264487 585507323 670239160 5000047 7292236 352298 115664 700000 700000 26161325 40176004 32213670 48283904 X -3156330 13318672 229351423 264537103 327098560 344099481 553293653 621955256 585507323 670239160 X 25463167 46453709 0 0 -310820 -2944453 X 0 1 X 1 0 X 57786521 65697580 65513430 51591325 63061702 303650558 0 0 0 0 0 0 0 0 0 0 0 0 57786521 65697580 65513430 51591325 63061702 303650558 27810872 275839686 8385874 8771916 10738010 10278483 9955584 48129867 0 14739 4048 46475 0 65262 538295 1466516 2074552 4687295 4715099 13481757 365327444 63971749 0.75505 0.76509 X Schedule A, Part I, Line 1 ---------- Schedule A, Part II, Line 10 Income from Partnerships $13,023,381; Other Investment Income $1,010,393; Accrued Income from Endowment Pool ($486,755); Adj for USI from partnership K-1s that is reported on line 9 ($65,262) - TOTAL $13,481,757 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 17300 17300 83059793 83077093 1000000 250000 0 0 0 1000000 1000000 1000000 3000000 4500000 0 42158 47371 17300 106829 0 250000 250000 250000 750000 1125000 0 0 0 0 0 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 Explanation of four year averaging - FYE 6/30/12 was the first year for which the organization made an election under section 501(H) 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 354858095 15725969 27164546 4150571 13996433 0 379601606 0.0363 0.6508 0.3129 1 0 0 0 0 0 164200 0 164200 0 67751 38014 29737 0 93088 71152 21936 0 560824 487645 73179 289052 Partnerships 75785460 F Hedge funds 60456110 F Mortgages, notes & contracts 7492690 F Real estate (Kaspick) 7329112 F Real property held for investment 6675000 F Investments receivable 124852 F rounding 1 F 157863225 Real property held for sale 7383061 Lead trusts 990572 Remainder trusts - held outside 11257929 Perpetual trusts 1516291 Other assets 1116634 22264487 Trust liability 20552106 Net pooled equity investments program 7572151 Gift annuity liability 7031314 Uncleared Check Balance in 0 Operating Cash (Topsided Entry) 5020433 40176004 163470378 47166570 0 0 7763546 54930116 108540262 0 0 0 108540262 90091072 0 310820 0 6703157 7013977 83077095 0 0 0 83077095 Schedule D, Part V, Line 1a ---------- Schedule D, Part V, Line 4 The OSU Foundation holds over 1,950 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 $7,763,545; rounding $1 - Total $7,763,546 Schedule D, Part XII, Line 2d Expenses of Affiliates $3,045,841; Unrealized Gains/Losses $712,860; Gift and Pledge Adjustments $2,944,456 - Total $6,703,157 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 North America (including Canada and Mexico, but not the United States) 0 0 Fundraising 0 South America 0 0 Fundraising 0 South Asia 0 0 Fundraising 0 0 0 0 1 0 0 1 1 0 Schedule F, Part I, Line 1 ---------- 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 350033 0 350033 0 0 0 0 0 0 0 0 350033 0 350033 0 0 0 0 0 0 0 350033 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 J Michael Goodwin President and CEO 364294 0 50000 0 11959 0 43803 0 0 0 470056 0 0 0 Steve Schauble Treasurer, VP and CFO 195609 0 95000 0 10613 0 46629 0 0 0 347851 0 0 0 Lynne Fullerton-Baham Secretary 71832 0 1000 0 6672 0 13335 0 0 0 92839 0 0 0 Shawn Scoville Senior VP 315643 0 132150 0 9533 0 44294 0 0 0 501620 0 0 0 Kevin J Heaney VP 223665 0 96000 0 9773 0 46939 0 0 0 376377 0 0 0 Jeffrey W Comfort VP 218944 0 30000 0 7607 0 0 0 0 0 256551 0 0 0 Shawn R Heilbron Sr Dir of Development 179400 0 10000 0 9995 0 34500 0 0 0 233895 0 0 0 Kevin L Harvey Associate VP 165254 0 15000 0 14201 0 20587 0 0 0 215042 0 0 0 Helen C Van Natta VP 133151 0 20000 0 2273 0 26556 0 0 0 181980 0 0 0 Schedule J, Part I ---------- 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 or companion has been asked to represent the Foundation or University in an official or representative capacity and his or 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 six 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 278 5392574 Recognized brokerage at FMV 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. 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 VI, Section B, Line 11b After preparation and thorough review by the organizations Controller, outside accountants and legal counsel, a draft of the Form 990 is distributed to the Audit Committee for full review and comment. After review by the Audit Committee, the Form 990 is made available to all voting members of the Board of Trustees via a secure portal. The Form 990 is also presented to the Trustees by the Chair of the Audit Committee at the December Board of Trustees meeting where the Trustees have the opportunity to raise questions. Three weeks following the posting of the Form 990 and the presentation to the Trustees, the Form 990 is filed with the IRS. Form 990, Part VI, Section B, Line 12c 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 organizations President/CEO is reviewed extensively on an annual basis. The Board of Trustees, through its committee structure, oversees the development of the President/CEOs 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 organizations 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. ------------------------------------------------------------------------------------------------------------------------------------Compensation Process for Officers/Key Employees: The compensation of the organizations key employees is reviewed extensively on an annual basis. The employees 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 The organization's governing documents, conflict of interest policy, and IRS Form 990 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 & Subscriptions $235,740; Capital Outlay Equipment $1,052,555; Donor Cultivation/Stewardship $366,302; Dues and Memberships $70,348; Licenses and Permits $3,655; Maintenance & Repair - Building $246,924; Maintenance & Repair - Equipment $65,821; Maintenance & Repair - Miscellaneous $319,129; Miscellaneous Expenses $1,427,782; Photography $7,754; Public Relations $1,617,579; Rental & Lease - Equipment $312,705; Rental & Lease - Miscellaneous $200,390; Staff Training $675; Telephone/Internet $47,044; Administrative Gift Fee $2,928,911; and rounding ($1). Management/General: Board of Trustee Expenses $1,603; Books, Periodicals & Subscriptions $3,760; Capital Outlay Equipment $20,431; Donor Cultivation/Stewardship $151,950; Dues and Memberships $2,991; Licenses and Permits $896; Maintenance & Repair - Building $2,263; Maintenance & Repair - Equipment $3,953; Maintenance & Repair - Miscellaneous $67,320; Miscellaneous Expenses $326,238; Public Relations $15,014; Rental & Lease - Equipment $797; Rental & Lease - Miscellaneous $44,140; Staff Training $18,485; Taxes $40,679; Telephone/Internet $972 and rounding ($1). Fundraising: Board of Trustee Expenses $161; Books, Periodicals & Subscriptions $5,453; Donor Cultivation/Stewardship $681,392; Dues and Memberships $60,780; Licenses and Permits $1,984; Miscellaneous Expenses $55,520; Photography $17,757; Public Relations $117,172; Rental & Lease - Equipment $705; Rental & Lease - Miscellaneous $4,503; Staff Training $77,574; Telephone/Internet $3,473 and rounding $1. Form 990, Part XI, Line 9 Unfulfilled Pledges ($2,944,456); rounding $3 - TOTAL ($2,944,453) Oregon 4-H Foundation 119 Ballard Extension Hall Corvallis OR 973313608 930711337 youth education and development OR 501(c)(3) 9 N/A 0 Harvey Ranch Inc 44326 Hwy 31 Paisley OR 97636 930480881 Ranch OR OSU Foundation C 1 1 Trysting Tree Golf Club Inc PO Box 989 Eugene OR 97440 930974350 Golf course OR OSU Foundation C 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 0 0 0 0 0 0 1 0 1 1 0 0 0 1 Oregon 4-H Foundation l 108154 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 186202 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 173671 net transfers received from 4H regarding interfund and endowment accounting transactions