2025-03-20T16:07:31-07:00 2024-06-30 990 2023-07-01 556011111 MARSHALL UNIVERSITY FOUNDATION INCORPORATED MARS 3046966264 519 John Marshall Drive Huntington WV 25703 R Scott Anderson CFO 3046963388 2025-03-20 1 2023 2025-03-06 01:10:19Z R Scott Anderson 519 John Marshall Drive Huntington WV 25703 83169316 0 X www.formarshallu.org X 1947 WV The Marshall University Foundation was chartered on January 3, 1947 as an independent non-profit organization to receive, invest, administer and disburse private resources on behalf of Marshall University. 26 26 44 100 26843 0 23232583 17609125 50389 47276 6027036 4464712 18758521 46265 48068529 22167378 7999399 16931191 0 0 2964583 4285974 0 0 1773553 7357354 28819838 18321336 50037003 29747193 -27869625 387058001 343852369 79698924 49639035 307359077 294213334 The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources. 0 0 16931191 0 0 The organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university 1438139 0 0 The organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects. 1891016 0 0 Department and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments 25132772 0 0 Other expenses attributable to program funds in support of the university and departments, and adjustments for bad debts. 25132772 0 0 45393118 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 0 0 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 1 0 0 1 117 0 1 44 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 AK CA CO KY MA MD ME MI MN ND NH NJ NV NY OH OK OR SC UT WA WI WV X X X R Scott Anderson 3046963388 519 John Marshall Drive Huntington WV 25703 Dr Ronald G Area CEO 40 3 X X X 266615 0 59810 Mr R Scott Anderson CFO 40 3 X X 144716 0 33202 Mr Joseph Allwood COO 40 0.00 X 127291 0 20048 Mr Bernard Coston Second Vice Chair 2 0 X X 0 0 0 Mrs Nancy E Campbell Board Chair 4.00 0 X X 0 0 0 Mrs Carol J Hartley First Vice Chair 2 0 X X 0 0 0 Mr Leon K Oxley Secretary 2 0 X X 0 0 0 Mr Floyd Harlow Jr Treasurer 2 0 X X 0 0 0 Mrs Sharon Shaffer Immediate Past Chair 2 0 X X 0 0 0 Mr Barry Burgess Director 2 0 X 0 0 0 Mr William W Carter Director 2 0 X 0 0 0 Mr Mark A Chandler Director 2 1 X 0 0 0 Ms Kathy Eddy Director 2 0 X 0 0 0 Ms Diane Ramy Faulconer Director 2 0 X 0 0 0 Mrs Verna Gibson Director 2 0 X 0 0 0 Mrs Monica Hatfield Director 2 0 X 0 0 0 Dr Robert Hess Director 2 0 X 0 0 0 Mr William V Jackson Director 2 0 X 0 0 0 Mr Rex W Johnson Director 2 0 X 0 0 0 Mr Max Lederer Director 2 1.0 X 0 0 0 Mr Norman Mosrie Director 2 0 X 0 0 0 Mr Charles Neighborgall Director 2 0 X 0 0 0 Mr Charles W Pace Director 2 0 X 0 0 0 Dr Joseph Touma Director 2 1 X 0 0 0 Mr Danny Vance Director 2 1 X 0 0 0 Mr Steven Wellman Director 2 2 X 0 0 0 Mr John Jay White Director 2 0 X 0 0 0 Mr Marc Williams Director 2 0 X 0 0 0 Mrs A Sue Zemba Director 2 0 X 0 0 0 538622 0 113060 2 0 1 0 Stanbury Uniforms LLC PO Box 100 Stanbury Industrial Dr Brookfield MO 646280100 275 band uniforms and 3 drum major uniforms 149566 1 0 0 0 516378 0 17092747 902162 17609125 Conference Center Activity 721000 47276 27284 19992 0 0 0 0 0 47276 2640987 2640987 0 0 0 0 0 0 30065 30065 0 0 0 0 0 0 0 0 0 0 0 0 62817428 0 60993703 0 1823725 0 1823725 1823725 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24435 8235 16200 9349 6851 0 0 0 0 0 0 22167378 4531410 26843 0 X 16931191 16931191 0 0 0 0 0 0 626587 0 481899 144688 0 0 0 0 2883981 1303134 757137 823710 133838 5968 72062 55808 478956 7657 233889 237410 162612 7809 64692 90111 0 0 0 0 103599 27041 76558 0 32100 0 32100 0 0 0 0 0 0 0 670558 511786 158772 0 814828 565405 146074 103349 43308 39282 4026 0 230705 92251 54283 84171 262426 64407 161814 36205 0 0 0 0 93425 693 92732 0 535611 413696 25255 96660 0 0 0 0 634613 532555 41708 60350 0 0 0 0 0 0 0 0 302080 0 302080 0 0 0 0 0 Change in interest in affiliated organizations 22719083 22719083 0 0 Miscellaneous 120918 113571 1086 6261 CGA, Trust & Pledge Adjustments 1503092 1336498 146948 19646 Equipment 722058 708922 13401 -265 31434 12169 3816 15449 50037003 45393118 2870332 1773553 500 500 39698445 35906516 21512283 18661733 683769 1066218 0 0 0 0 0 0 0 0 29730 59289 13698150 5082262 8886017 8615888 158249256 139228674 124556100 128994931 0 0 0 0 33441901 11318620 387058001 343852369 682138 838375 0 0 3142 11234 0 0 78589601 48401515 0 0 424043 387911 79698924 49639035 X 41827675 20652579 265531402 273560755 307359077 294213334 387058001 343852369 -27869625 14723882 0 0 0 0 X 0 1 X 1 0 X 13501906 34020461 15572931 23232583 17609125 103937006 0 0 0 0 0 0 0 0 0 0 0 0 13501906 34020461 15572931 23232583 17609125 103937006 37684485 66252521 533865 1115301 1988229 1878251 2671053 8186699 4417 1155 4890 7588 6851 24901 0 0 0 18718778 0 18718778 130867384 125041 0.50626 0.59946 X Schedule A, Part II, Line 10 There was no gain on interest in affiliated organizations this year. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1494273 0 0 X X X 0 0 1 X 198497106 7107711 16173164 6045910 4372889 497063 210862119 185516753 11371391 11232723 5140154 3934700 548907 198497106 192296758 15118327 -11694631 3460951 6267457 475293 185516753 134897730 26590979 38957330 2479304 5272775 397202 192296758 140180885 10117303 -6594783 2379497 6251205 174973 134897730 0.0475 0.871 0.0815 0 0 1642000 0 1642000 10867584 0 3938690 6928894 0 0 0 0 1188566 0 1143572 44994 0 0 0 0 8615888 0 F 8250 F Commingled Hedge Fund of Funds 23847061 F Commingled Global Equity Funds 21518174 F Commingled Private Capital Fund of Funds 16286139 F Real Estate Investment Trust (REIT) 10197 F Commingled Global Fixed Income 13675192 F Natural Resources 13854140 F Commingled Real Asset fund 6502645 F Commodities 7224070 F Private Equity 7379057 F Venture Capital 1405127 F Distressed Debt 11226 F Infrastructure 6108699 F Private Real Estate 11164954 F 128994931 Contributions Receivable from CRT 94912 Trusts Held by Third Parties 11079836 Investment in Marshall Services Corp 1000 Interest in MU Real Estate Foundation -2093266 Interest in MU Alumni Association 16947 Cash Surrender Value of Life Insurance Policies 708393 Gifts in Kind-MUFI 16525 Gifts in Kind-MUFI Collections 1494273 11318620 0 Charitable Gift Annuity Liability 387911 387911 21505056 0 0 0 8235 8235 21496821 670557 0 670557 22167378 49374681 0 0 0 8235 8235 49366446 670557 0 670557 50037003 Schedule D, Part III, Line 4 Historical items in the Touma Museum will be used for educational purposes. Schedule D, Part IV, Line 2b The organization holds investment funds for Marshall University. It acts pursuant to an investment management agency agreement with the university to facilitate investment of certain funds. Schedule D, Part V, Line 4 Endowment funds are held according to donor restrictions to provide a perpetual source of intergenerational funding for scholarships, programs and research. Board designated endowment funds are a source of funding development, operations and the greatest needs of Marshall University. Schedule D, Part XI, Line 2d Cost of Goods Sold Schedule D, Part XII, Line 2d Cost of Goods Sold 1 Marshall University One John Marshall Drive Huntington WV 25755 556000789 501c3 45393118 14993 gifts in kind received on behalf of Marshall University to support the students and university departments in their educational mission 1 0 Schedule I, Part I, Line 2 The organization maintains documentation on individual funds and related criteria for the eligibility of grants. The organization coordinates with Marshall University departments and units in accordance with fund guidelines to substantiate eligibility of grants and assistance. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Dr Ronald G Area CEO 266615 0 0 0 0 0 23191 0 36618 0 326424 0 0 0 Mr R Scott Anderson CFO 144716 0 0 0 0 0 8990 0 24212 0 177918 0 0 0 Mr Joseph Allwood COO 127291 0 0 0 0 0 7812 0 12236 0 147339 0 0 0 Schedule J, Part I, Line 1a Social club dues and a limited amount of spousal travel are part of the employment agreement with the CEO. Schedule J, Part I, Line 3 CEO compensation and performance are reviewed annually by the Human Resources Committee using resources that include board surveys and a formal review. X 36 887169 fair market value X art supplies, paints, brushes, canvases 1 4995 donor X LX200 Schmidt Cassegrain telescope and HD tripod 1 4999 donor X Beech 35 single engine aircraft 1 4999 donor 0 0 1 0 Form 990, Part VI, Section B, Line 11b Form 990 and schedules were provided to the Board of Directors for review prior to the filing and a meeting was conducted to review and approve the form for filing. Form 990, Part VI, Section B, Line 12c The Board of Directors annually surveys its members and reviews responses about conflicts of interest. Form 990, Part VI, Section B, Line 15 CEO compensation and performance are reviewed annually by the Human Resources Committee using sources that include board surveys and a formal review. Form 990, Part VI, Section C, Line 19 Governing documents and policies are available upon request. Summary financial information is available on the organization's annual report which is on the web site. The audited financial statements are available upon request. Form 990, Part IX, Line 11g Other expenses attributable to program funds in support of the university and departments, and adjustment for bad debts. Marshall University Real Estate Foundation Inc 519 John Marshall Dr Huntington WV 25703 262912485 Receive real estate on behalf of Marshall WV 501(c)(3) 509(a)(3) III-FI The Marshall University Foundation Inc 0 Marshall University Alumni Association Inc One John Marshall Dr Huntington WV 25755 264778743 Alumni activities WV 501(c)(3) 509(a)(3) III-FI N/A 0 Marshall University One John Marshall Dr Huntington WV 25755 556000789 Higher Education Institution WV 501(c)(3) line 2 N/A 0 Marshall Services Corporation PO Box 296 Huntington WV 25707 461383543 Invest in joint venture for internationalization of campus WV The Marshall University Foundation Inc C 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 Marshall University Alumni Association Inc b 63800 The organization supports MUAA through endowment spending allocations specifically designed for them and annual fund gifts specifically designated to them. The organization supports their annual budget as required. Marshall University Alumni Association Inc o 129341 These are expenses paid by the organization related to employees who work directly with MUAA. Marshall University l 17092747 The organization was formed to raise funds to support Marshall University, and it is the primary fundraiser for private support. Marshall Services Corporation o 0 A de minimus amount of time is spent administering support of MSC. Marshall University Real Estate Foundation Inc o 38000 Time is spent administering support of MUREF. Marshall University Alumni Association Inc o 0 The organization provides support for accounting, database management and other administrative support on substantially equivalent terms as for uncontrolled constituents. Marshall University Alumni Association Inc n 0 No amount is estimated for the shared facilities, equipment and mailing lists, etc. shared with MUAA. Marshall University m 0 Deans and faculty members sometimes solicit funds for their specific areas. Marshall University Alumni Association Inc m 0 MUAA activities, usually with students, lead to a minimal dollar amount of gifts being received by the organization. An extension was filed and accepted.