2024-03-18T19:44:45-07:00 2023-06-30 990 2022-07-01 936022772 OREGON STATE UNIVERSITY FOUNDATION OREG 5417374218 4238 SW Research Way Corvallis OR 973331068 Kevin Harvey Treasurer, VP and CFO 5417377499 2024-03-19 Kevin Harvey 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Shawn Scoville 4238 SW Research Way Corvallis OR 973331068 181312114 0 X www.fororegonstate.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. 31 28 185 43 0 193084030 79499616 1577600 929825 63233495 34039426 14276880 23450876 272172005 137919743 0 0 0 0 31416360 34369794 15272 42500 22723753 97143427 105150575 128575059 139562869 143596946 -1643126 1086662227 1142186435 117321051 145249239 969341176 996937196 MISSION: 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. VISION: To create a better world by inspiring support of - and for - Oregon State University. 0 0 12377119 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY23 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 2,668 unique scholarship, fellowship, and student support funds of various types and amounts at the OSU Foundation, of which 2,071 are endowed. 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. 50677827 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY23, to support the construction or renovation of campus facilities. Major projects in FY23 included: the Collaborative Innovation Center, the Arts & Education Complex, the Marine Studies building in Newport, continued expansion at Cascades campus, renovation of Graf Hall, Reser Stadium - West side renovation, Track grandstand, OSU President's residence, the Crop Science building, Goss Stadium Trophy & Omaha Room enhancements, Women's Basketball Locker Room renovations, and the Gymnastics Practice Facility. 16113922 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY22, to support teaching and research. With 173 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. 26225 0 0 Advertising 0 0 0 Board of trustee expenses 337586 0 0 Books, Periodicals & Subscriptions 2750 0 0 Capital Outlay 674908 0 0 Conferences, Meetings and Seminars 655654 0 0 Donor Cultivation/Stewardship 60041 0 0 Dues and Memberships 297388 0 0 Equipment 649348 0 0 Information Technology 558847 0 0 Insurance 4124808 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) 172 0 0 Licenses and Permits 715768 0 0 Maintenance & Repair 1133859 0 0 Miscellaneous expenses 1141289 0 0 Office & Admin Supplies 4762532 0 0 Payroll 1424814 0 0 Public Relations/Entertaining 623265 0 0 Recognition and Awards 616754 0 0 Rentals & Leases 156416 0 0 Services 5429758 0 0 Special program expense 57011 0 0 Staff Meetings/Training 0 0 0 Taxes 13924 0 0 Telephone/Internet 0 0 0 Transfers 1990552 0 0 Travel 1878397 0 0 University Endowment Distribution 930 0 0 Utilities 0 0 0 Rounding 0 0 929825 Other Revenue 27332996 0 929825 106501864 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 118 1 1 185 1 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 X 31 28 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 Shawn Scoville President and CEO 40 0 X 673165 0 77278 Steven M Schauble Treasurer, VP and CFO 40 0 X 345799 0 73075 Constance C French VP for Principal Gifts 40 0 X 345352 0 64068 Todd R Bastian Associate VP for Development 40 0 X 308751 0 78129 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X 321699 0 60431 Kristin G Watkins Associate VP for Development, Portland Center 40 0 X 270506 0 73508 Aaron Escobar VP Development, Athletics 40 0 X 271495 0 71831 Kevin L Harvey Associate VP, Finance 40 0 X 260537 0 70665 Mark C Koenig VP Technology, Chief Innovation Officer 40 0 X 249786 0 54759 Patricia Nowak Assistant Treasurer - Controller 40 0 X 138287 0 31085 Laura Pribyl Secretary - Director of Board Relations 40 0 X 91666 0 25215 Ken Austin Trustee 1 0 X 0 0 0 Bob Bailey Trustee 1 0 X 0 0 0 Knute Buehler Trustee - OSU Cascades Liaison - Executive Committee 1 0 X 0 0 0 Rebecca Camden Trustee - Audit Committee Chair - Exec Committee 2 0 X 0 0 0 Kim Casale Trustee 1 0 X 0 0 0 Mary Coucher Trustee - Foundation Board Liaison to OSUAA Board - Executive Committee 1 0 X 0 0 0 Pat Egan Trustee 1 0 X 0 0 0 Jill Eiland Trustee - Beaver Caucus Liason to OSUF - Executive Committee 1 1 X 0 0 0 Richard Evans Trustee - Investment Committee Chair - Exec Committee 2 0 X 0 0 0 Neil Fernando Trustee 1 0 X 0 0 0 Nancy Fischer Trustee 1 0 X 0 0 0 Steven Jackson Trustee - Our Beaver Nation Liaison - Executive Committee 1 0 X 0 0 0 Dan Jarman Trustee - OSUAA Board Liaison - Executive Committee 2 0 X 0 0 0 Gregory Macpherson Trustee 1 0 X 0 0 0 Frank Morse Trustee 1 0 X 0 0 0 Tom Nakano Trustee 1 0 X 0 0 0 Nikki Neuburger Trustee 1 0 X 0 0 0 Lavance Northington Trustee 1 0 X 0 0 0 Caron Ogg Trustee - Trysting Tree Golf Course Liaison - Executive Committee 1 0 X 0 0 0 Diane Paddison Trustee 1 0 X 0 0 0 Mary Power Trustee - External Relations Committee Chair - Exec Committee 2 0 X 0 0 0 DeMonty Price Trustee 1 0 X 0 0 0 Cathy Rudd Trustee 1 0 X 0 0 0 Carrie Thompson Trustee - 4-H Foundation Board Liaison - Executive Committee 1 0 X 0 0 0 David Thompson Trustee 1 0 X 0 0 0 Dave Underriner Trustee - Finance Committee Chair - Exec Committee 2 0 X 0 0 0 Mary Yates Trustee 1 0 X 0 0 0 Steve Zamsky Trustee 1 0 X 0 0 0 Eric Schoenstein Trustee - Board Chair - Executive Committee 2 0 X 0 0 0 John Stirek Trustee - (Past Chair) Executive Committee 2 0 X 0 0 0 Penny Atkins Trustee - (Chair Elect) Executive Committee 2 0 X 0 0 0 3277043 0 680044 50 0 1 0 INVNT LLC 101 Greenwich St - Floor 26 New York NY 10006 event production 1836680 Levy Premium Food Service LP 980 N Michigan Ave Suite 500 Chicago IL 60611 catering 708409 IRMARFER Structures US 6957 Speedway Blvd - Suite 106 Las Vegas NV 89115 rental company 470173 Evertrue Inc Po Box 675011 Detroit MI 482675011 software 401911 Special Occasions 4314 SW Research Way Corvallis OR 97333 event rentals 328203 23 0 0 0 0 0 79499616 15321378 79499616 OBN Meals 900099 419390 419390 0 0 Registration Revenue 900099 300643 300643 0 0 OBN Parking 900099 77921 77921 0 0 Services 900099 60000 60000 0 0 OSU Sports Pass 900099 24090 24090 0 0 47781 47781 0 0 929825 9458707 0 0 9458707 0 0 0 0 4809 0 0 4809 475855 0 796782 0 -320927 0 -320927 0 0 -320927 67174447 1861 42595589 0 24578858 1861 24580719 0 0 24580719 309783 0 0 309783 0 309783 Endowment Management Fees 900099 11234712 11234712 0 0 Miscellaneous Revenue 900099 10990796 10990796 0 0 Change in Split Interest Agreement 900099 1224177 1224177 0 0 7526 7526 0 0 23457211 137919743 24387036 0 34033091 X 0 0 0 0 0 0 0 0 2262419 0 900503 1361916 0 0 0 0 26027702 12563524 2978815 10485363 2464169 0 610459 1853710 2393826 240 700137 1693449 1221678 0 295438 926240 0 0 0 0 185801 5421 179630 750 190346 5758 184588 0 53584 0 53584 0 42500 42500 84808 0 84808 0 2231302 170503 239656 1821143 75373 40570 0 34803 3681649 3112446 269659 299544 2341632 1031531 924647 385454 0 0 0 0 102261 62848 39338 75 3819049 3029382 109999 679668 0 0 0 0 1366199 1133657 100211 132331 5863420 5764334 99086 0 0 0 0 0 505144 0 505144 0 715459 561267 141375 12817 Capital outlay land & bldg 46868628 46868628 0 0 Special program expense 6473497 6441362 32135 0 Awards and scholarships 14210539 14188251 18116 4172 Net distribute out - endowment earnings 1049812 0 1049812 0 15332072 11522142 820112 2989818 139562869 106501864 10337252 22723753 43516249 46694399 0 0 106210664 101048477 438050 1211261 1857404 1953468 318952 644910 18870453 3639562 14580434 15230891 527349650 590507598 372204805 368281971 20186019 16613460 1086662227 1142186435 11976757 36797918 700000 700000 104644294 107751321 117321051 145249239 X 16520890 16425921 952820286 980511275 969341176 996937196 1086662227 1142186435 X -1643126 43044921 0 -13801307 332000 -336468 X 0 1 X 1 0 X 74724577 93028322 90944982 193084030 79499616 531281527 0 0 0 0 0 0 0 0 0 0 74724577 93028322 90944982 193084030 79499616 531281527 119364521 411917006 10507785 5722258 4260800 5289342 6702529 32482714 0 0 0 0 0 1012611 1821324 1541338 2543629 3238598 10157500 573921741 112420847 0.71772 0.73659 X Schedule A, Part II, Line 10 Income from partnerships $7,822,567; Other investment income $2,559,515; Accrued income from endowment pool ($224,582); rounding $- - TOTAL $10,157,500 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 326307 326307 139509285 139835592 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 218042 135873 138867 326307 819089 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. The majority of time, and funds, are spent advocating to the Oregon legislature regarding issues related to the success and future of Oregon State University. 761493783 19807700 65310900 10422024 19592847 0 816597512 817382079 30932443 -59594419 4706164 22520156 0 761493783 664084928 21112092 205581211 5782884 67613268 0 817382079 654351474 31450555 20287582 8684477 33320206 0 664084928 629581414 34891553 35713701 7036694 38798500 0 654351474 0.06 0.28 0.66 1 0 0 728371 728371 0 5719586 1099920 4619666 0 548914 366798 182116 0 1296581 831183 465398 0 10577001 1341661 9235340 15230891 Partnerships 300975358 F Hedge Funds 50427770 F Real Estate 7055690 F Real Property Held for Investment 6675000 F Mortgages and Note Receivable 2548363 F Investment Receivable 599790 F 368281971 0 Endowment assets held for OSU 56352572 Gift Annuity Liability 3769019 Net pooled equity investment program 28342875 Trust liability 19286855 107751321 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 186 endowed faculty positions supported with such funds. Central America and the Caribbean 0 0 Fundraising Oregon State University has alumni around the world 0 East Asia and the Pacific 0 0 Fundraising Oregon State University has alumni around the world 0 Europe (including Iceland and Greenland) 0 0 Fundraising Oregon State University has alumni around the world 0 Middle East and North Africa 0 0 Fundraising Oregon State University has alumni around the world 0 North America (including Canada and Mexico, but not the United States) 0 0 Fundraising Oregon State University has alumni around the world 0 Russia and the newly independent States 0 0 Fundraising Oregon State University has alumni around the world 0 South America 0 0 Fundraising Oregon State University has alumni around the world 0 South Asia 0 0 Fundraising Oregon State University has alumni around the world 0 Sub-Saharan Africa 0 0 Fundraising Oregon State University has alumni around the world 0 0 0 0 1 0 0 1 1 0 X X X X X X 1 Bjorn 2 Lead Consulting LLC 1516 N Sycamore Street Canby OR 97013 Professional development consulting services working primarily in the realm of relationship building and engagement with leadership and principal gift donors. 0 4000000 42500 3957500 4000000 42500 3957500 All States See Schedule G, Part IV, Statement 309783 0 309783 0 0 0 0 0 0 0 0 309783 0 309783 0 0 0 0 0 0 0 309783 X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Shawn Scoville President and CEO 567310 0 105854 0 0 0 51850 0 25428 0 750442 0 0 0 Steven M Schauble Treasurer, VP and CFO 310799 0 35000 0 0 0 51201 0 21874 0 418874 0 0 0 Constance C French VP for Principal Gifts 320352 0 25000 0 0 0 52025 0 12043 0 409420 0 0 0 Todd R Bastian Associate VP for Development 283751 0 25000 0 0 0 53901 0 24228 0 386880 0 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 275699 0 46000 0 0 0 51785 0 8646 0 382130 0 0 0 Kristin G Watkins Associate VP for Development, Portland Center 245506 0 25000 0 0 0 47380 0 26128 0 344014 0 0 0 Aaron Escobar VP Development, Athletics 245495 0 26000 0 0 0 47405 0 24427 0 343327 0 0 0 Kevin L Harvey Associate VP, Finance 245537 0 15000 0 0 0 46237 0 24428 0 331202 0 0 0 Mark C Koenig VP Technology, Chief Innovation Officer 248286 0 1500 0 0 0 42626 0 12133 0 304545 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. All requests for spousal travel reimbursements are closely monitored to verify that they meet policy requirements and are properly taxed through payroll. 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. All paid social club memberships are closely monitored to verify that they meet policy requirements and are properly taxed through payroll. X 172 14121518 FMV X 2 613000 FMV X Mutual funds 15 411197 FMV X Treasury notes 3 203117 FMV X Other Investments - Equity Interest 1 10354 FMV 1 0 1 1 Schedule M, Part I, Line 32b Contributions brokerage firms such as Charles Schwab and TD Ameritrade are used to liquidate noncash gifts, such as stock. All FMV figures shown on Schedule M are determined by the brokerage firms utilized to process the liquidations, at the time of liquidation. 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 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 OSU Foundation 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 and the President/CEO ensure close and frequent monitoring of the organization's performance and the leadership of its top executive. Additionally, the Compensation Committee of the board performs periodic reviews of the top executive's compensation, which includes benchmarking of peer institutions' compensation structures. Compensation Process for Other Officers and Key Employees: The compensation of the organization's other officers and key employees is reviewed on an annual basis. The employee's immediate supervisor oversees the develop of an annual work plan and monitors progress and performance against established goals. 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 and subscriptions $371,953; Capital outlay equipment $1,104,040; Capital Outlay Non Bldg $1,456,550; Donor cultivation/stewardship $655,654; Dues and memberships $129,623; Licenses and permits $2,408; Maintenance and repair - bldg $610,879; Maintenance and repair - equipment $154,513; Maintenance and repair - miscellaneous $186,236; Miscellaneous expenses $2,161,623; Public Relations $1,881,779; Rental & lease - equipment $558,518; Rental & lease - miscellaneous $234,518; Staff training $111,903; Telephone/internet $17,849; Transfers $0; University Endowment Distribution $1,878,397; Utilities $5,697; ROUNDING $2 - TOTAL $11,522,142 MANAGEMENT: Board of trustee expenses $100; Books, periodicals and subscriptions $1,427; Donor cultivation/stewardship $432,702; Dues and memberships $8,588; Licenses and permits $1,651; Maintenance and repair - building $41,225; Maintenance and repair - equipment $3,097; Maintenance and repair - miscellaneous $6,153; Miscellaneous expenses $639,276; Public Relations $26,848; Rental & lease - equipment $628; Rental & lease - miscellaneous $6,976; Staff training $71,606; Taxes $17,549; Telephone/internet $4,219; Utilities $2,097; net transfers $1,101; net interfund transfers ($60,167); realized losses ($384,966) ROUNDING $2 - TOTAL $820,112 FUNDRAISING: Administrative gift fee ($64,672); Books, periodicals and subscriptions $6,173; Capital outlay equipment $5,791; Donor cultivation/stewardship $1,757,195; Dues and memberships $20,370; Fines and penalties $400; Licenses and permits $3,160; Maintenance and repair - building $78; Maintenance and repair - miscellaneous $78,737; Miscellaneous expenses $761,338; Public Relations $206,642; Rental & lease - equipment $5,988; Rental & lease - miscellaneous $167; Staff training $208,169; Telephone/internet $208; Utilities $75; ROUNDING ($1) - TOTAL $2,989,818 Form 990, Part XI, Line 9 Unfulfilled pledges ($336,471); ROUNDING $3 - TOTAL ($336,468) 4238 Research Way LLC 4238 SW Research Way Corvallis OR 973331068 811384420 commercial rental real estate OR 1463279 13556801 OSU Foundation Oregon 4-H Foundation 119 Ballard Extension Hall Corvallis OR 973313608 930711337 youth education and development OR 501(c)(3) 9 OSU Foundation 0 The Beaver Caucus C/O Shawn Scoville 4238 SW Research Way Corvallis OR 973331068 473315262 higher education advocacy OR 501(c)(4) OSU Foundation 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 OSU Foundation 0 Trysting Tree Golf Club Inc PO Box 989 Eugene OR 97440 930974350 Golf course OR OSU Foundation C 40000 0 1 1 Charitable Remainder Uni-Trust (72) 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 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 Net Income Unitrust with Make-up (4) 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 Uni-Trust (1) 4238 SW Research Way Corvallis OR 973331068 investment management NV N/A T Charitable Remainder Annuity Trust (1) 4238 SW Research Way Corvallis OR 973331068 investment management OR N/A T 0 0 0 0 0 1 0 0 0 0 1 1 0 1 1 0 0 1 1 Oregon 4-H Foundation l 0 OSU Foundation employees provide fundraising services for the Oregon 4-H Foundation. Oregon 4-H covers 25% of payroll costs for shared fundraising/executive director position. Please refer to additional information under transactions type o, on this same schedule. Oregon 4-H Foundation n 0 Office space, equipment, and other support provided at no cost Oregon 4-H Foundation o 54649 Several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis Oregon 4-H Foundation s 24938 net transfers Oregon 4-H Foundation r 562594 distributions of endowment earnings Oregon 4-H Foundation s 27075 5% administrative gift fees The Beaver Caucus b 326307 net contributions to The Beaver Caucus to cover payment of professional consulting and lobbying $138,915, and other operating expenses of $187,392 The Beaver Caucus o 104686 OSUF staff person, 1 FTE, provided administrative support to The Beaver Caucus The Beaver Caucus n 0 no cost support via office space, equipment, and mailing lists Oregon State University Alumni Association r -5872 net transfers Oregon State University Alumni Association r 487218 distribution of endowment earnings Oregon State University Alumni Association l 12863 fees regarding gifts processed made via credit card Oregon State University Alumni Association s 37597 5% administrative gift fees Trysting Tree Golf Club Inc f 40000 dividend amount based on annual operating results