2025-05-08T15:02:45+00:00 2024-06-30 440160260 Forvis Mazars LLP 312 Walnut Street Suite 3000 Cincinnati OH 45202 990 2023-07-01 316026014 Miami University Foundation MIAM 5135296110 107 Roudebush Hall Oxford OH 45056 BRUCE GUIOT CHIEF FINANCIAL OFFICER 2025-05-08 true true Aaron Hershberger P00961884 5136218300 2025-04-16 2023 2025-03-06 01:10:19Z BRUCE GUIOT 107 Roudebush Hall Oxford OH 45056 129585558 false X WWW.FORLOVEANDHONOR.ORG X 1948 OH SUPPORT OF MIAMI UNIVERSITY 35 28 0 40 -629034 0 25912901 35422044 0 0 514327 6231731 851353 1440053 27278581 43093828 20635060 24093730 0 0 0 0 0 0 3057229 4591665 5322084 25226725 29415814 2051856 13678014 781643093 849766732 307809562 309087129 473833531 540679603 SUPPORT OF MIAMI UNIVERSITY false false 24093730 24093730 MIAMI UNIVERSITY FOUNDATION RECEIVES CONTRIBUTIONS FROM ALUMNI AND FRIENDS OF THE UNIVERSITY WHICH IT HOLDS AND USES ACCORDING TO DONOR INSTRUCTIONS. INVESTMENT EARNINGS ARE PERIODICALLY TRANSFERRED TO THE UNIVERSITY TO FURTHER ITS EDUCATIONAL AND RESEARCH ACTIVITIES. 24093730 true true false false false false false false true false true false false true true true true false false true false false false false false false true false true false false false false false false false false true true false false false true false false false true 0 0 0 true true false false false false false false false false false false false X 35 28 false false false false false true true true true false false true true true true true true false false false X BRUCE A GUIOT 5135296110 MIAMI UNIVERSITY OXFORD OH 45056 DAVE KOSCHIK CHAIR 2.0 0.0 X X 0 0 0 DR DAVID CREAMER TREASURER 1.0 39.0 X X 0 411801 73578 MACKENZIE RICE PRESIDENT 20.0 20.0 X X 0 171752 53967 NICHOLE PRESCOTT SECRETARY 2.0 0.0 X X 0 0 0 SCOTT SCHWEINFURTH VICE CHAIR 2.0 0.0 X X 0 0 0 AARON RYAN DIRECTOR 1.0 0.0 X 0 0 0 BETH MIKES DIRECTOR 1.0 0.0 X 0 0 0 BIFF BOWMAN DIRECTOR 1.0 0.0 X 0 0 0 BRAD HUNKLER DIRECTOR 1.0 0.0 X 0 0 0 BRADY BUNDY DIRECTOR 1.0 39.0 X 0 311457 70744 BRENT SHOCK DIRECTOR - TERM ENDED 1.0 39.0 X 0 225671 57018 CHRIS LORENZEN DIRECTOR 1.0 0.0 X 0 0 0 Dave Meyer DIRECTOR 1.0 0.0 X 0 0 0 DAVID DAFOE DIRECTOR 1.0 0.0 X 0 0 0 DR ELIZABETH R MULLENIX DIRECTOR 1.0 39.0 X 0 395497 76732 DR GREGORY CRAWFORD DIRECTOR 1.0 39.0 X 0 560116 88628 EDWARD O'REILLY DIRECTOR 1.0 0.0 X 0 0 0 JAYNE BROWNELL DIRECTOR 1.0 39.0 X 0 245493 40741 JUDY GREFFIN DIRECTOR 1.0 0.0 X 0 0 0 JULIA POSTON DIRECTOR 1.0 0.0 X 0 0 0 KIM LUBEL DIRECTOR 1.0 0.0 X 0 0 0 LISA SHADE DIRECTOR 1.0 0.0 X 0 0 0 LYNN LARSON DIRECTOR 1.0 0.0 X 0 0 0 LYNN PISTELL DIRECTOR 1.0 0.0 X 0 0 0 MARY BETH CANFIELD DIRECTOR 1.0 0.0 X 0 0 0 Mary Schell Director 1.0 0.0 X 0 0 0 PETER MOGK DIRECTOR 1.0 0.0 X 0 0 0 Rachel Beech Director 1.0 39.0 X 0 0 0 RUTH MILLIGAN DIRECTOR 1.0 0.0 X 0 0 0 SHARON MITCHELL DIRECTOR 1.0 0.0 X 0 0 0 STEPHANIE BYRD DIRECTOR 1.0 0.0 X 0 0 0 SURAJ MARABOYINA DIRECTOR 1.0 0.0 X 0 0 0 TIM LLOYD DIRECTOR 1.0 0.0 X 0 0 0 TOM MYERS DIRECTOR 1.0 0.0 X 0 0 0 WENDY VONDERHAAR DIRECTOR 1.0 0.0 X 0 0 0 ZAIN HAIDER DIRECTOR 1.0 0.0 X 0 0 0 BRIAN FURNISH CHEIF ADMINISTRATIVE OFFICER 20.0 20.0 X 0 138800 30598 BRUCE GUIOT CHIEF FINANCIAL OFFICER 20.0 20.0 X 0 206863 24781 RYAN ELIAS CHEIF DEVELOPMENT OFFICER 20.0 20.0 X 0 208755 57623 0 2876205 574410 0 false true false 0 0 0 0 0 0 35422044 2121260 35422044 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3141579 0 -629034 3770613 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 89581882 0 86491730 0 3090152 0 3090152 0 0 3090152 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SPLIT INTEREST AGREEMENTS 525990 1440053 0 0 1440053 0 0 0 0 1440053 43093828 0 -629034 8300818 24093730 24093730 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 4931015 0 1873786 3057229 OTHER EXPENSES 391069 0 391069 0 0 0 0 0 29415814 24093730 2264855 3057229 0 0 41311343 26884645 19808822 15977394 7625976 1169769 0 0 0 0 0 0 0 0 0 0 0 0 0 0 64131873 80668075 646960578 723286451 0 0 0 1804501 1780398 781643093 849766732 25413052 34409 0 0 1135500 865480 0 0 0 0 0 0 0 0 0 0 281261010 308187240 307809562 309087129 X 4457648 4938221 469375883 535741382 0 0 0 0 0 0 473833531 540679603 781643093 849766732 13678014 53168058 0 X false true X true false X 17467408 26135967 20122843 25912901 35422044 125061163 0 0 0 0 0 0 0 0 0 0 0 0 17467408 26135967 20122843 25912901 35422044 125061163 37783701 87277462 1930167 1313456 1314869 2021624 3141579 9721695 0 0 0 0 0 0 -574228 2476444 -1356627 851353 1440053 2836995 137619853 0 0.6342 0.7756 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - SPLIT INTEREST AGREEMENTS, COLUMN A - -574228.0, COLUMN B - 2476444.0, COLUMN C - -1356627.0, COLUMN D - 851353.0, COLUMN E - 1440053.0, COLUMN F - 2836995.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 439466769 37662154 59192074 22025856 4931015 509364126 405847749 21732044 33410181 17209329 0 4313876 439466769 426942301 18070557 -20230835 15075539 0 3858735 405847749 315019562 30512931 97228003 12918423 0 2899772 426942301 309603699 17702560 2323005 11893476 0 2716226 315019562 0.0097 0.3205 0.6698 false false STRATEGIC INVESTMENTS 517844228 F PRIVATE INVESTMENTS 205442223 F 723286451 FUNDS HELD IN TRUST FOR OTHERS 305070149 SPLIT INTEREST OBLIGATIONS 3117091 308187240 X 96261886 53168058 0 0 0 53168058 43093828 0 0 0 43093828 29415814 0 0 0 0 0 29415814 0 0 0 29415814 Schedule D, Part V, Line 4 Intended uses of endowment funds INVESTMENT EARNINGS ARE PERIODICALLY TRANSFERRED TO MIAMI UNIVERSITY TO FURTHER ITS EDUCATIONAL AND RESEARCH ACTIVITIES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DEFINED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT ON UNRELATED BUSINESS INCOME. THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AT JUNE 30 WITH RESPECT TO ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES AND HAS DETERMINED THAT THERE WAS NO MATERIAL IMPACT TO THE FOUNDATION'S FINANCIAL STATEMENTS. Central America and the Caribbean 0 0 Investments 26880613 0 0 0 0 0 0 26880613 0 26880613 true false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual true Miami University 501 E HIGH ST OXFORD OH 45056 316402089 8585159 Scholarships Miami University 501 E HIGH ST OXFORD OH 45056 316402089 11515308 Academic Support Miami University 501 E HIGH ST OXFORD OH 45056 316402089 708974 Student Services/Athletics Miami University 501 E HIGH ST OXFORD OH 45056 316402089 971764 Campus Improvements Miami University 501 E HIGH ST OXFORD OH 45056 316402089 2312525 Institutional Support 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. TO ENSURE THE PROPER EXPENDITURE OF GIFT FUNDS, THE MIAMI UNIVERSITY FOUNDATION AND MIAMI UNIVERSITY, THROUGH THE OFFICE OF STEWARDSHIP AND DONOR RELATIONS, WILL PREFORM THE FOLLOWING: -PERFORM RANDOM ANNUAL DONOR INTENT AUDITS TO ASSIST THE VARIOUS DIVISIONS IN ENSURING ALL RESTRICTED GIFT MONEY IS EXPENDED IN ACCORDANCE WITH THE DONOR'S WISHES. -PROVIDE COURTESY, NON-TECHNICAL, AND INFORMATIONAL REPORTING OF THE USE OF GIFT FUNDS VIA ENDOWMENT REPORTS, AS THE INFORMATION IS REQUESTED BY THE DONOR OR AS REQUIRED BY THE ENDOWMENT GIFT AGREEMENT. -CONDUCT EDUCATION AND AWARENESS PROGRAMS FOR MIAMI UNIVERSITY DEANS, DEPARTMENT CHAIRS AND STAFF BY THE DIVISION OF UNIVERSITY ADVANCEMENT SO WE CAN PROVIDE CONSISTENT MANAGEMENT OF THE FUNDS THROUGHOUT ALL DIVISIONS. WHEN GIFTS ARE NOT BEING EXPENDED ON A TIMELY BASIS AND BECOME INACTIVE, THE FUND ADMINISTRATOR REVIEWS THE PURPOSE OF THE GIFT FOR WAYS IT MAY BE EXPENDED. IF THE FUNDS CANNOT BE USED IN A MANNER CONSISTENT WITH DONOR RESTRICTIONS, THE FUND ADMINISTRATOR DISCUSSES POSSIBLE ALTERNATIVES WITH THE DIRECTOR OF STEWARDSHIP AND DONOR RELATIONS. false true false false false false false false false DR DAVID CREAMER TREASURER 0 395254 0 0 0 16547 0 47776 0 25802 0 485379 0 0 MACKENZIE RICE PRESIDENT 0 170603 0 0 0 1149 0 21168 0 32799 0 225719 0 0 DR GREGORY CRAWFORD DIRECTOR 0 547762 0 0 0 12354 0 61401 0 27227 0 648744 0 0 DR ELIZABETH R MULLENIX DIRECTOR 0 392143 0 0 0 3354 0 44437 0 32295 0 472229 0 0 BRADY BUNDY DIRECTOR 0 306164 0 0 0 5293 0 44380 0 26364 0 382201 0 0 JAYNE BROWNELL DIRECTOR 0 242396 0 0 0 3097 0 29032 0 11709 0 286234 0 0 BRENT SHOCK DIRECTOR - TERM ENDED 0 224520 0 0 0 1151 0 32763 0 24255 0 282689 0 0 RYAN ELIAS CHEIF DEVELOPMENT OFFICER 0 207617 0 0 0 1138 0 25850 0 31773 0 266378 0 0 BRUCE GUIOT CHIEF FINANCIAL OFFICER 0 204552 0 0 0 2311 0 24105 0 676 0 231644 0 0 BRIAN FURNISH CHEIF ADMINISTRATIVE OFFICER 0 134863 0 0 0 3937 0 19364 0 11234 0 169398 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following individuals participated in a supplemental retirement plan. Miami University contributed the amounts indicated to the plan during the calendar year ended December 31, 2023. - Dr. Gregory Crawford: $32,229 - Dr. David Creamer: $12,107 - Dr. Elizabeth Mullenix: $15,264 X 62 2121260 Other - Stock Value false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions GIFTS IN KIND AND VEHICLES ARE SOLD BY AUCTION USING A THIRD PARTY. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of Contributions received Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ACCORDING TO THE MIAMI UNIVERSITY FOUNDATION'S ("FOUNDATION") CODE OF REGULATIONS DATED MAY 10, 2023, THE FOUNDATION SHALL HAVE UP TO NINE PERSONS APPOINTED AS DIRECTORS. THE DIRECTORS ARE APPOINTED PURSUANT TO SECTION 4.3.1 OF CODE OF REGULATIONS. THE FOLLOWING PERSONS SHALL SERVE AS APPOINTED DIRECTORS: A) THE CHAIR OF THE BOARD OF TRUSTEES OF MIAMI UNIVERSITY ("UNIVERSITY") OR A MEMBER OF UNIVERSITY BOARD OF TRUSTEES APPOINTED BY THE CHAIR OF THE UNIVERSITY BOARD OF TRUSTEES; B) A SECOND MEMBER OF THE UNIVERSITY BOARD OF TRUSTEES APPOINTED BY THE UNIVERSITY CHAIR OF THE BOARD OF TRUSTEES; C) THE PRESIDENT OF THE UNIVERSITY; D) THE PRESIDENT OF THE FOUNDATION; E) THE VICE PRESIDENT OR, IF THERE IS ONE SERVING, THE SENIOR VICE PRESIDENT FOR ADVANCEMENT OF THE UNIVERSITY OR, IF NEITHER IS SERVING, THEN THE MOST SENIOR OFFICER POSITION LEADING THE ADVANCEMENT OF THE UNIVERSITY; F) EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS AND PROVOST OF THE UNIVERSITY; G) THE VICE PRESIDENT OR, IF THERE IS ONE SERVING, THE SENIOR VICE PRESIDENT FOR FINANCE AND BUSINESS SERVICES OF THE UNIVERSITY; H) THE VICE PRESIDENT OR, IF THERE IS ONE SERVING, THE SENIOR VICE PRESIDENT FOR STUDENT LIFE OF THE UNIVERSITY; AND I) THE VICE PRESIDENT OR, IF THERE IS ONE SERVING, THE SENIOR VICE PRESIDENT FOR ENROLLMENT MANAGEMENT AND STUDENT SUCCESS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders GOVERNANCE DECISIONS RESERVED TO OTHER PERSONS THE CODE OF REGULATIONS ARTICLES III AND IV, PROVIDING FOR THE SELECTION OF DIRECTORS AND DEFINING MEMBERS, AND SECTION 6.1, NAMING ADDITIONAL OFFICERS OF THE FOUNDATION, SHALL NOT BE AMENDED WITHOUT THE APPROVAL AND CONSENT OF THE BOARD OF TRUSTEES OF MIAMI UNIVERSITY GIVEN BY THE AFFIRMATIVE VOTE OF TWO THIRDS (2/3) OF ALL MEMBERS OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. THE FOUNDATION SHALL BE DISSOLVED ONLY WITH APPROVAL OF TWO-THIRDS OF THE MEMBERS OF THE BOARD OF TRUSTEES OF MIAMI UNIVERSITY VOTING AT A REGULAR MEETING OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE MIAMI UNIVERSITY FOUNDATION FORM 990 IS PREPARED AND REVIEWED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. THE FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE DURING THE ANNUAL REVIEW OF THE FINANCIAL ACTIVITY FOR THE YEAR. THE FORM 990 IS ALSO SENT TO THE FULL BOARD BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES SIGN AN ANNUAL STATEMENT STATING THAT THEY HAVE RECEIVED, READ, UNDERSTAND AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Line 19 Required documents available to the public THE MIAMI UNIVERSITY FOUNDATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. 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