2025-02-25T14:45:50-07:00 2024-06-30 990 2023-07-01 936022772 OREGON STATE UNIVERSITY FOUNDATION OREG 5417374218 4238 SW Research Way Corvallis OR 973331068 Kevin Harvey Treasurer, VP and CFO 5417377499 2025-02-25 1 2023 2025-03-06 01:10:19Z Shawn Scoville OSU Foundation 4238 SW Research Way Corvallis OR 973331068 401902311 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. 30 30 200 30 213906 0 79499616 134593239 929825 1053262 34039426 21477145 23450876 27733836 137919743 184857482 0 0 0 0 34369794 38083122 42500 27000 23159036 105150575 122902210 139562869 161012332 -1643126 23845150 1142186435 1195681572 145249239 119358722 996937196 1076322850 X 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 15763072 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY24 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 2,327 unique scholarship, fellowship, and student support funds of various types and amounts at the OSU Foundation, of which 1,894 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. 61933812 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY24, to support the construction or renovation of campus facilities. Major projects in FY24 included: the Collaborative Innovation Center, the Arts & Education Complex, Reser Stadium - West side renovation, Baseball Hitting Facility, and the Track grandstand. 19018716 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY24, to support teaching and research. With 190 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. 3830 0 0 Advertising 0 0 0 Board of trustee expenses 252353 0 0 Books, Periodicals & Subscriptions 1728 0 0 Capital Outlay 2062535 0 0 Conferences, Meetings and Seminars 31854 0 0 Donor Cultivation/Stewardship 59064 0 0 Dues and Memberships 706875 0 0 Equipment 385692 0 0 Information Technology 3814 0 0 Insurance 6647341 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) 137 0 0 Licenses and Permits 751154 0 0 Maintenance & Repair 0 0 0 Miscellaneous expenses 864164 0 0 Office & Admin Supplies 6348365 0 0 Payroll 1749404 0 0 Public Relations/Entertaining 301648 0 0 Recognition and Awards 393692 0 0 Rentals & Leases 1422527 0 0 Services 4776657 0 0 Special program expense 17225 0 0 Staff Meetings/Training 0 0 0 Taxes 3077 0 0 Telephone/Internet 0 0 0 Transfers 2210436 0 0 Travel 0 0 0 University Endowment Distribution 127 0 0 Utilities 0 0 0 Rounding 0 0 1053262 Other Revenue 598769 0 0 Other student aid 40912 0 0 Consulting 108985 0 0 Printing 49375 0 0 Postage and shipping 4779 0 0 Legal 280827 0 0 Events 30077346 0 1053262 126792946 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 1 131 0 1 200 1 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR 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 1 X 722979 0 82467 Todd R Bastian Senior VP, Development 40 0 X 355353 0 80356 Constance C French VP for Principal Gifts 40 0 X 361515 0 63757 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X X 334268 0 60828 Steven M Schauble Treasurer, VP and CFO 40 0 X X 330523 0 62044 Aaron Escobar VP Development, Athletics 40 0 X 290016 0 74042 Kevin L Harvey Treasurer, VP & CFO 40 0 X 286746 0 74909 Kristin G Watkins Associate VP for Development, Portland Center 40 1 X 277450 0 71705 Mark C Koenig VP Technology, Chief Innovation Officer 40 0 X 272397 0 55935 Patricia Nowak Assistant Treasurer - Controller 40 1 X 153448 0 40570 Laura Pribyl Secretary - Director of Board Relations 40 1 X 101240 0 26874 Ken Austin Trustee 1 0 X 0 0 0 Leonard Aplet Trustee 1 0 X 0 0 0 Bob Bailey Trustee 1 0 X 0 0 0 Sharada Bose Trustee - OSUAA Liaison to OSUF Board 1 1 X 0 0 0 Knute Buehler Trustee 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 1 0 X 0 0 0 Pat Egan Trustee 1 0 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 John Gilleland Trustee 1 0 X 0 0 0 Mark Giustina Trustee 1 0 X 0 0 0 Steven Jackson Trustee 1 0 X 0 0 0 Tom Nakano Trustee - Finance Committee Chair 2 0 X 0 0 0 Nikki Neuburger Trustee 1 0 X 0 0 0 Lavance Northington Trustee 1 0.00 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 Ken Provencher Trustee 1 0 X 0 0 0 Cathy Rudd Trustee 1 0 X 0 0 0 John Stirek Trustee 1 0 X 0 0 0 Carrie Thompson Trustee 1 0 X 0 0 0 David Thompson Trustee 1 0 X 0 0 0 Mary Yates Trustee 1 0 X 0 0 0 Lan Zhang Trustee 1 0 X 0 0 0 Eric Schoenstein Trustee - Immediate Past Chair - Executive Committee 2 0 X 0 0 0 Dave Underriner Trustee - Chair-Elect - Exec Committee 2 0 X 0 0 0 Penny Atkins Trustee - Chair, Executive Committee 2.00 0.00 X 0 0 0 3485935 0 693487 53 1 1 0 Levy Premium Food Service LP 980 N Michigan Ave Suite 500 Chicago IL 60611 catering 750702 Fundmetric 502 - 1526 Dresden Row Halifax Nova Scotia CA B3J 3K3 software 540000 EverTrue 33 Arch St 17th Floor Boston MA 02110 software 500000 OneSource Strategy PO Box 2170 Fairview OR 97024 event production 463023 Special Occasions 4314 SW Research Way Corvallis OR 97333 event rentals 445253 18 0 0 0 0 44760 134548479 19961414 134593239 Our Beaver Nation - meal premiums 900099 582560 582560 0 0 Other revenue - registration 900099 333299 333299 0 0 Other revenue - services 900099 60000 60000 0 0 Other revenue - memberships 900099 39465 39465 0 0 Other revenue - conferences/seminars 900099 30038 30038 0 0 7900 7900 0 0 1053262 13437352 0 0 13437352 0 0 0 0 4133 0 0 4133 509076 0 295170 0 213906 0 213906 0 213906 0 224789452 0 216749659 0 8039793 0 8039793 0 0 8039793 248508 0 0 248508 0 248508 Endowment management fees - transfer in 900099 12076319 12076319 0 0 Miscellaneous revenue 900099 11585467 11585467 0 0 Change in split interest agreements 900099 3592026 3592026 0 0 13477 13477 0 0 27267289 184857482 28320551 213906 21729786 2085968 898578 1187390 29637666 14841292 2886938 11909436 2651507 631763 2019744 2317498 654463 1663035 1390483 326703 1063780 225474 8563 215223 1688 253928 0 253928 60000 0 60000 27000 27000 100301 100301 1035506 87745 210252 737509 58966 9186 12 49768 4225369 3691027 249932 284410 2652270 571558 1707216 373496 335388 284212 51176 0 3963564 3141706 118251 703607 2675220 2358134 179416 137670 6720805 6678211 42594 0 0 896037 0 896037 0 186387 5668 180619 100 Capital outlay land & buildings 61933812 61933812 0 0 Awards and scholarships 15792910 15763072 23106 6732 Special program expenses 6307020 5592950 13570 700500 Public Relations 1972840 1787749 14423 170668 13506413 10038061 1345849 2122503 161012332 126792946 11060350 23159036 46694399 51232110 0 101048477 110265611 1211261 338806 1953468 1357506 644910 458822 18782370 4453799 15230891 14328571 590507598 635147824 368281971 397009086 16613460 -14456764 1142186435 1195681572 36797918 37149628 700000 700000 107751321 81509094 145249239 119358722 X 16425921 21952978 980511275 1054369872 996937196 1076322850 1142186435 1195681572 X 23845150 70554949 0 -14916980 -74152 -23313 X 0 1 X 1 0 X 93028322 90944982 193084030 79499616 134519087 591076037 0 0 0 0 0 0 0 0 0 0 0 0 93028322 90944982 193084030 79499616 134519087 591076037 127964375 463111662 5722258 4260800 5289342 6702529 11329781 33304710 0 0 0 0 0 0 1821324 1541338 2543629 3238598 2620781 11765670 636146417 116271440 0.72800 0.71772 X Schedule A, Part II, Line 10 Income from partnerships $8,929,911; Other investment income $2,661,504; Accrued income from endowment pool $174,255 - TOTAL $11,765,670 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 228587 228587 161078915 161307502 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 135873 138867 326307 228587 829634 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. 816597512 34415028 79303578 10537725 21677639 0 898100754 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 0.05 0.65 0.3 1 0 0 728371 728371 0 5719586 1246576 4473010 0 495790 554117 -58327 0 1302791 853182 449609 0 10535832 1799924 8735908 14328571 Partnerships 328451768 F Real estate 7495891 F Hedge funds 51642008 F Mortgages and notes receivable 1989523 F Investment receivable 754896 F Real property held for investment 6675000 F 397009086 Endowment assets held for OSU 59428678 Trust liability 18777733 Gift annuity liability 3302683 81509094 Schedule D, Part V, Line 4 The OSU Foundation holds over 3,100 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 190 endowed faculty positions support 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 Neighboring 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 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. These forms are filed, as required, as attachments to the annual Form 990-T. X X X X 1 Bjorn 2 Lead Consulting LLC 1516 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 0 27000 -27000 0 27000 -27000 All States See schedule G, Part IV, Statement 1 248508 0 248508 0 0 0 0 0 0 0 0 248508 0 248508 0 0 0 0 0 0 0 248508 X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Shawn Scoville President and CEO 609715 0 113264 0 0 0 56100 0 26367 0 805446 0 0 0 Steven M Schauble Treasurer, VP and CFO 295523 0 35000 0 0 0 47823 0 14222 0 392568 0 0 0 Kevin L Harvey Treasurer, VP & FO 271746 0 15000 0 0 0 48542 0 26367 0 361655 0 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 287268 0 47000 0 0 0 51565 0 9263 0 395096 0 0 0 Patricia Nowak Assistant Treasurer - Controller 151948 0 1500 0 0 0 25401 0 15169 0 194018 0 0 0 Laura Pribyl Secretary - Director of Board Relations 99740 0 1500 0 0 0 16448 0 10426 0 128114 0 0 0 Todd R Bastian Senior VP, Development 322853 0 32500 0 0 0 54989 0 25367 0 435709 0 0 0 Constance C French VP for Principal Gifts 335515 0 26000 0 0 0 51547 0 12209 0 425271 0 0 0 Aaron Escobar VP Development, Athletics 263016 0 27000 0 0 0 48675 0 25367 0 364058 0 0 0 Kristin G Watkins Associate VP for Development, Portland Center 263950 0 13500 0 0 0 46338 0 25367 0 349155 0 0 0 Mark C Koenig VP Technology, Chief Innovation Officer 270897 0 1500 0 0 0 44405 0 11530 0 328332 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 220 16211069 FMV X 1 668000 FMV X Mutual Funds 49 3085345 FMV 0 1 1 Schedule M, Part I, Line 32b Brokerage firms such as Charles Schwab and TD Ameritrade are used to liquidate noncash gifts, such as stock. Our Gift Acceptance Policy allows for the acceptance of crypto currency, as approved by our Board. The Giving Block would be used to liquidate crypto currency gifts, if/when they are received. 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 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 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 secure site. 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 XI, Line 9 Unfulfilled Pledges $23,313 4238 Research Way LLC 4238 SW Research Way Corvallis OR 973331068 811384420 commercial rental real estate OR 1571904 13210521 OSU Foundation Oregon 4-H Foundation 4238 SW Research Way Corvallis OR 973331068 930711337 youth education and development OR 501(c)(3) 9 OSU Foundation 0 The Beaver Caucus 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 50000 0 1 1 Charitable Remainder Uni-Trust (69) 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 0 1 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 1 1 Oregon 4-H Foundation s 83836 Gift fees deducted from gifts benefitting Oregon 4-H projects Oregon 4-H Foundation l 1469 OSU Foundation employees provide administrative management and fundraising services for the Oregon 4-H Foundation. Oregon 4-H covers 25% of payroll costs for the fundraising/executive director position and 100% of the program coordinator position. Please refer to additional information under transactions type o, on this same schedule. The amount disclosed here is credit card processing fees deducted from gifts benefitting Oregon 4-H projects. Oregon 4-H Foundation r 609400 Earnings distributions from endowments to 4-H current use projects Oregon 4-H Foundation r 17 net transfers Oregon 4-H Foundation o 97776 Several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis Oregon 4-H Foundation n 0 Office space, equipment, and other support provided at no cost The Beaver Caucus b 114327 net contributions to The Beaver Caucus to cover payment of professional consulting, and lobbying $65,513, and other operating expenses of $48,814 The Beaver Caucus n 0 office space, equipment, and mailing lists provided at no cost The Beaver Caucus o 102813 OSUF staff person, 1 FTE, provided administrative support to The Beaver Caucus Oregon State University Alumni Association l 20383 fees regarding gifts processed made via credit card Oregon State University Alumni Association s 35648 5% administrative gift fees Oregon State University Alumni Association r 18926 net transfers Oregon State University Alumni Association r 536041 distribution of endowment earnings Trysting Tree Golf Club Inc f 50000 dividend amount based on annual operating results