2025-03-14T11:03:00-05:00 2024-04-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-05-01 237094836 BETHEL UNIVERSITY FOUNDATION BETH 6516386208 3900 BETHEL DRIVE ST PAUL MN 55112 JEANNE OSGOOD VP OF ADVANCEMENT 6516386208 2025-03-06 1 1 ANN NEIL P01817922 6123764500 2025-03-06 2023 2025-03-06 01:10:19Z JEANNE OSGOOD 3900 BETHEL DRIVE ST PAUL MN 55112 2578639 0 X WWW.BETHEL.EDU/FOUNDATION X 1971 MN HELP DONORS PLAN CHARITABLE GIVING AND SUPPORT BETHEL BY RECEIVING AND MANAGING DONATED FUNDS. 15 14 0 17 0 0 4661359 1962140 0 0 277464 238363 1519 7537 4940342 2208040 771003 765900 0 0 0 0 0 0 0 20642 18682 791645 784582 4148697 1423458 23520243 22745842 9149085 8821472 14371158 13924370 TO PROVIDE FINANCIAL MANAGEMENT OF ENDOWMENT AND TRUST ACCOUNTS BY BETHEL UNIVERSITY AND ITS CONSTITUENTS. 0 0 765900 765900 0 BETHEL UNIVERSITY FOUNDATION EXISTS FOR THE PURPOSE OF ENHANCING THE FINANCIAL STRENGTH OF BETHEL UNIVERSITY BY SUPPORTING ENDOWMENT GROWTH, FACILITATING MAJOR NONCASH GIFTS AND ENCOURAGING MAJOR GIFTS THROUGH ITS DEFERRED GIFT PROGRAM. IN ADDITION, THE FOUNDATION PROVIDES ACCOUNTING AND MANAGEMENT SERVICES TO BETHEL FOR BETHEL'S LONG-TERM INVESTMENTS. 765900 1 1 0 0 0 1 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 CJ CJ 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 MN X MICHAEL JOHNSON 6516386208 2 PINE TREE DRIVE ARDEN HILLS MN 55112 ROSS ALLEN EX-OFFICIO 1.00 40.00 X 0 355500 27994 LESLIE CHAPMAN CHAIR 1.00 5.00 X X 0 0 0 BOB BRODIN VICE CHAIR 1.00 0.00 X X 0 0 0 GAIL LUNDEEN SECRETARY 1.00 0.00 X X 0 0 0 JODY KOBBERVIG TREASURER 1.00 0.00 X X 0 0 0 DAVID EDGERTON GOVERNOR 1.00 0.00 X 0 0 0 RACHELLE HOLM GOVERNOR 1.00 0.00 X 0 0 0 BRUCE JOHNSON GOVERNOR 1.00 0.00 X 0 0 0 LAURA MCKNIGHT GOVERNOR 1.00 5.00 X 0 0 0 BRIAN SALAMI GOVERNOR 1.00 0.00 X 0 0 0 PAUL TOMMERDAHL GOVERNOR 1.00 0.00 X 0 0 0 TIM DOTEN GOVERNOR 1.00 0.00 X 0 0 0 RACHEL KARSJENS GOVERNOR 1.00 0.00 X 0 0 0 DAVE MEYER GOVERNOR 1.00 0.00 X 0 0 0 ERIC SWANSON GOVERNOR 1.00 0.00 X 0 0 0 ANGELLA HJELLE EXECUTIVE DIRECTOR 40.00 0.00 X 0 123028 12391 MARTIN ANDERSON CONTROLLER 40.00 0.00 X 0 86595 17139 MARK HINTZ VP UNIVERSITY ADVANCEMENT 1.00 40.00 X 0 53983 10780 0 619106 68304 2 0 1 0 0 18682 1943458 1755245 1962140 123961 123961 485001 370599 114402 114402 114402 OTHER INCOME 900099 7537 7537 7537 2208040 0 0 245900 765900 765900 12598 12598 4101 4101 1983 1983 784582 765900 18682 0 324124 185684 1272 0 5646475 5816935 3000 500 17545372 16742723 23520243 22745842 9149085 8821472 9149085 8821472 X 5970599 6002619 8400559 7921751 14371158 13924370 23520243 22745842 X 1423458 418890 -2289136 X X 0 1 X 1 0 X 792578 419043 421245 4661359 1962140 8256365 792578 419043 421245 4661359 1962140 8256365 5938796 2317569 175586 86744 132655 145433 123961 664379 3609 6406 1519 7537 19071 8939815 0.25920 0.33880 X BETHEL UNIVERSITY IS A PRIVATE UNIVERSITY THAT THAT OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS IN A CHRIST-CENTERED COMMUNITY. BETHEL UNIVERSITY FOUNDATION EXISTS FOR THE PURPOSE OF ENHANCING THE FINANCIAL STRENGTH OF BETHEL UNIVERSITY BY SUPPORTING ENDOWMENT GROWTH, FACILITATING MAJOR NONCASH GIFTS, AND ENCOURAGING MAJOR GIFTS THROUGH ITS DEFERRED GIFT PROGRAM. IN ADDITION, THE FOUNDATION PROVIDES ACCOUNTING AND MANAGEMENT SERVICES TO BETHEL UNIVERSITY FOR ITS LONG-TERM INVESTMENTS.BETHEL UNIVERSITY FOUNDATION'S BOARD OF DIRECTORS IS MADE UP OF INDIVIDUALS THAT REPRESENT A BROAD INTEREST OF THE GENERAL PUBLIC. BETHEL UNIVERSITY FOUNDATION SOLICITS CONTRIBUTIONS YEAR-ROUND THROUGH ITS WEBSITE FROM A VARIETY OF SOURCES, INCLUDING ALUMNI, EMPLOYEES, AND THE GENERAL PUBLIC WHO SUPPORT BETHEL UNIVERSITY'S MISSION TO EDUCATE AND EQUIP ITS STUDENTS TO LEAD LIVES OF IMPACT THROUGH TRANSFORMATIVE ACADEMICS IN A CHRIST-CENTERED COMMUNITY. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 3,609. 2021 AMOUNT: $ 6,406. 2022 AMOUNT: $ 1,519. 2023 AMOUNT: $ 7,537. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 228789 419400 1458795 1 1 1 142091288 8510646 11730136 138871798 0 89765215 8510646 15223896 1565102 2377372 226197 109331086 92871511 1784226 1036880 3743872 2000000 183530 89765215 64840524 34385307 -3750197 1395928 1009435 198760 92871511 48774848 1992364 16393773 1262238 928280 129943 64840524 49766790 1107836 -70179 1129689 885356 14554 48774848 0.09020 0.73800 0.17180 0 1 1 0 TRUST ASSETS- MUTUAL FUNDS 14928489 POOLED COMMON FUND ASSETS 1814234 16742723 OBLIGATIONS UNDER TRUST AND PCF AGREEMENTS 8820972 PAYABLE TO BETHEL UNIVERSITY 500 8821472 741505 418890 410261 -2289136 -1459985 2201490 6550 6550 2208040 1188293 410261 410261 778032 6550 6550 784582 PART IV, LINE 1B: THE FOUNDATION INVESTS ENDOWMENT AND PENSION FUNDS FOR BETHEL UNIVERSITY. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD BY BETHEL UNIVERSITY TO PROVIDE SCHOLARSHIPS AS WELL AS TO SUPPORT PROGRAMS AND OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -2,289,136. PART XI, LINE 2B AND XII, LINE 2A: BETHEL UNIVERSITY PROVIDED CERTAIN SUPPORT SERVICES TO THE FOUNDATION INCLUDING PROVIDING OFFICE SPACE AND ASSOCIATED EXPENSES AT NO COST. EMPLOYEES OF THE FOUNDATION ALSO PARTICIPATE IN BETHEL'S INSURANCE AND HEALTH BENEFIT PLANS. THESE OPERATING COSTS WERE PAID BY BETHEL AND HAVE BEEN EXCLUDED FROM THE SUPPORT AND REVENUE AND OPERATING EXPENSES. THE VALUE OF SUCH SERVICES TO THE FOUNDATION IS $410,261 FOR BETHEL'S FISCAL YEAR ENDED MAY 31, 2024. 1 BETHEL UNIVERSITY 3900 BETHEL DRIVE ST PAUL MN 55112 410708577 501C3 765900 0 N/A N/A PROGRAMMING 1 0 PART I, LINE 2: THE FOUNDATION SUPPORTS BETHEL UNIVERSITY AND GRANTS FUNDS TO THE UNIVERSITY TO SUPPORT ITS GENERAL OPERATIONS. NO FORMAL MONITORING IS REQUIRED. 0 0 0 0 0 0 0 0 0 ROSS ALLEN EX-OFFICIO 0 355500 0 0 0 0 0 7110 0 20884 0 383494 0 0 PART I, LINE 3 BETHEL UNIVERSITY FOUNDATION DOES NOT COMPENSATE ANY INDIVIDUALS. THE ORGANIZATION RELIED ON BETHEL UNIVERSITY IN SETTING THE COMPENSATION FOR THOSE INDIVIDUALS. BETHEL UNIVERSITY USED MULTIPLE METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION, INCLUDING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 4 481819 FMV X 1 980126 FMV X 1 293300 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE INCLUDES ONE MEMBER OF THE BOARD WHO IS NOT A STAFF MEMBER, TOGETHER WITH THE CHAIRMAN, VICE-CHAIRMAN, EXECUTIVE DIRECTOR, AND THE CHAIRMAN OF THE INVESTMENT COMMITTEE. AT LEAST ONE MEMBER OF THE EXECUTIVE COMMITTEE SHOULD BE A MEMBER OF THE BOARD OF TRUSTEES OF BETHEL UNIVERSITY. THE EXECUTIVE COMMITTEE HAS POWER AND AUTHORITY BETWEEN BOARD MEETINGS AS ARE DELEGATED TO IT BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE FOUNDATION'S BYLAWS, BETHEL UNIVERSITY RETAINS THE RIGHT TO APPROVE OR REMOVE MEMBERS OF THE FOUNDATION'S BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE FOUNDATION'S GOVERNING DOCUMENTS REQUIRE APPROVAL BY THE BOARD OF TRUSTEES OF BETHEL UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND APPROVES THE PUBLIC INSPECTION COPY OF THE FORM 990 BEFORE IT IS GIVEN TO THE BOARD AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE FORM IS COMPLETED BY BOARD AND STAFF AS REQUIRED BY THE CONFLICT OF INTEREST POLICY. IF AN INDIVIDUAL BELIEVES SHE/HE HAS DETECTED A CONFLICT OF INTEREST SITUATION, THE ACTIVITY SHOULD BE DISCLOSE TO THE APPROPRIATE SUPERVISORY LEVEL ABOVE THE INDIVIDUAL INVOLVED IN THE POTENTIAL CONFLICT SITUATION. THE SUPERVISORY PERSONNEL SHOULD THEN DISCUSS THE SITUATION WITH THE INVOLVED INDIVIDUAL RECOMMENDING THE INDIVIDUAL COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE TO ASSIST IN DETERMINING THE NATURE OF THE SITUATION. IT SHOULD THEN BE DISCUSSED WITH THE APPROPRIATE PERSONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,289,136. FORM 990, PART XII, LINE 2C: THIS PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. BETHEL UNIVERSITY 3900 BETHEL DRIVE ST PAUL MN 55112 410708577 EDUCATION MN 501(C)(3) LINE 2 N/A 0 BETHEL UNIVERSITY FOUNDATION POOLED COMMON FUND 3900 BETHEL DRIVE ST PAUL MN 55112 411815788 INVESTMENT MN 501(C)(3) PF N/A 0 CHARITABLE REMAINDER TRUSTS (31) INVESTMENT MN BETHEL UNIVERSITY FOUNDATION T 1 REVOCABLE TRUSTS (4) INVESTMENT MN N/A T 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0