2026-03-04T10:30:17-07:00 2025-06-30 990 2024-07-01 556011111 MARSHALL UNIVERSITY FOUNDATION INCORPORATED MARS 3046966264 519 John Marshall Drive Huntington WV 25703 R Scott Anderson CFO 3046963388 2026-03-04 1 2024 2025-03-06 01:10:19Z R Scott Anderson 519 John Marshall Drive Huntington WV 25703 149946154 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. 25 25 44 100 23927 0 17609125 74526148 47276 41912 4464712 10450686 46265 42407 22167378 85061153 16931191 8762801 0 0 4285974 3440801 0 0 2217370 28819838 7597967 50037003 19801569 -27869625 65259584 343852369 441956283 49639035 70476315 294213334 371479968 The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources. 0 0 8762801 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 1832382 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. 1474644 0 0 Department and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments 2754300 0 0 Other expenses attributable to program funds in support of the university and departments, and adjustments for bad debts. 2754300 0 0 14824127 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 1 0 0 0 1 1 1 0 0 1 151 0 1 44 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 25 25 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 Area CEO (Retired) 40 3.00 X 276390 0 58480 Mr R Scott Anderson CFO 40 3.00 X X 152951 0 37021 Mr Nicolas Karagosian CEO/Foundation President 40 3.00 X X 99748 0 26633 Mr Bernard Coston First Vice Chair 2.00 0 X X 0 0 0 Mrs Nancy E Campbell Board Chair 3.00 0 X X 0 0 0 Mrs Carol J Hartley Director 2.00 0 X X 0 0 0 Mrs Sharon D Shaffer Immediate Past Chair 2.00 0 X 0 0 0 Mr Barry Burgess Director 2.00 0 X 0 0 0 Mr William W Carter Director 2.00 0 X 0 0 0 Mr Mark A Chandler Director 2.00 1.00 X 0 0 0 Ms Kathy Eddy Director 2.00 0 X 0 0 0 Ms Diane Ramy Faulconer Director 2.00 0 X 0 0 0 Mrs Verna K Gibson Director 2.00 0 X 0 0 0 Dr Robert Hess Director 2.00 0 X 0 0 0 Mr William V Jackson Director 2.00 0 X 0 0 0 Mr Rex W Johnson Director 2.00 0 X 0 0 0 Mr Max Lederer Director 2.00 0 X 0 0 0 Mr Norman Mosrie Director 2.00 0 X 0 0 0 Mr Charles W Pace Director 2.00 0 X 0 0 0 Dr Joseph Touma Director 2.00 1.00 X 0 0 0 Mr Danny Vance Secretary 2.00 1.00 X X 0 0 0 Mr Steven Wellman Director 2.00 1.00 X 0 0 0 Mr Marc Williams Director 2.00 0 X 0 0 0 Mrs A Sue Zemba Treasurer 2.0 0 X X 0 0 0 Mr Steve Rubin Director 2.00 0 X 0 0 0 Mr Robert Simpson Director 2.00 0 X 0 0 0 Ms Elizabeth Weisberg Director 2 0 X 0 0 0 Mr Louis Costanzo III Director 2 0 X 0 0 0 529089 0 122134 3 1 1 0 Stanbury Uniforms LLC PO Box 100 Stanbury Industrial Dr Brookfield MO 646280100 band uniforms 151537 Gener8tor Management LLC 821 E Washington Ave Ste 200-G Madison WI 53703 Gener8tor gBETA virtual accelerator pilot for startup creation 110000 ADL Ventures 1900 S Norfolk St Ste 350 San Mateo CA 94403 work related to Just Transition Fund project-Ecosystem building 225000 Education Design Lab 1200 18th St NW 710 Washington DC 20036 Lab work obo Marshall and Mountwest 150000 4 0 0 0 0 0 74526148 233832 74526148 Conference Center Activity 721000 41912 22824 19088 0 0 0 0 0 41912 3620514 3620514 0 0 0 0 0 0 31783 31783 0 0 0 0 71711791 0 64881619 0 6830172 0 6830172 6830172 0 0 0 14006 3382 10624 5785 4839 0 0 85061153 10511078 23927 0 8762801 8762801 0 0 0 0 0 0 885717 0 706569 179148 0 0 0 0 1755490 188395 542841 1024254 105294 10472 36157 58665 513218 17778 252679 242761 181082 13088 84131 83863 0 0 0 0 92495 15185 77280 30 30500 0 30500 0 0 0 0 0 0 0 689452 526752 0 162700 1610691 1358516 113551 138624 0 0 0 0 171654 54154 75187 42313 271459 77778 150483 43198 0 0 0 0 106637 0 106637 0 329443 210585 18438 100420 0 0 0 0 612692 430678 91291 90723 0 0 0 0 0 0 0 0 301134 301134 0 65254 390 59290 5574 Department Support - Employment 1521714 1521714 0 0 CGA's, Trusts and Pledge Adjustments 966191 869032 84109 13050 Equipment, Supplies and Printing 697707 669157 19601 8949 Miscellaneous 92012 80935 6757 4320 38932 16717 3437 18778 19801569 14824127 2760072 2217370 500 500 35906516 65847707 18661733 58720811 1066218 663781 0 0 0 0 0 0 0 0 59289 64073 13745605 5371068 8615888 8374537 139228674 161069124 128994931 133924124 0 0 0 0 11318620 13291626 343852369 441956283 838375 773798 0 0 11234 6775 0 0 48401515 69333484 0 0 0 0 0 0 387911 362258 49639035 70476315 X 20652579 24835189 273560755 346644779 294213334 371479968 343852369 441956283 65259584 12007050 0 0 0 0 X 0 1 X 1 0 X 34020461 15572931 23232583 17609125 74526148 164961248 0 0 0 0 0 0 0 0 0 0 0 0 34020461 15572931 23232583 17609125 74526148 164961248 80480800 84480448 1115301 1988229 1878251 2671053 3652297 11305131 1155 4890 7588 6851 4839 25323 0 0 18718778 0 0 18718778 195010480 122593 0.43321 0.50626 X Schedule A, Part II, Line 10 Change in interest in affiliated organization RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 230450 1724723 0 0 X X X 0 0 1 X 210862119 15950586 19078886 7192859 4579807 513367 233605558 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 0.0494 0.8748 0.0758 0 0 1642000 0 1642000 10901884 0 4215357 6686527 0 0 0 0 1201721 0 1155711 46010 0 0 0 0 8374537 0 8250 F Commingled Hedge Fund of Funds 20324697 F Commingled Global Equity Funds 18136615 F Commingled Private Capital Fund of Funds 15288622 F Real Estate Investment Trust 12388866 F Commingled Global Fixed Income 17247104 F Natural Resources 16870736 F Commingled Real Asset fund 5686151 F Commodities 8347554 F Infrastructure 6644913 F Private Equity 11708347 F Venture Capital 1235844 F Distressed Debt 11381 F Private Real Estate 25044 F 133924124 CGA Liability 362258 362258 84375082 0 0 0 3381 3381 84371701 689452 0 689452 85061153 19115499 0 0 0 3382 3382 19112117 689452 0 689452 19801569 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 and the Marshall University Research Corporation. It acts pursuant to an investment management agency agreement 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 and rounding Schedule D, Part XII, Line 2d Cost of good sold 1 Marshall University One John Marshall Drive Huntington WV 25755 556000789 501c3 14820745 3382 FMV Gifts in Kind Transferred to 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 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Mr R Scott Anderson CFO 152951 0 0 0 0 0 9503 0 27518 0 189972 0 0 0 Mr Nicolas Karagosian CEO/Foundation President 99748 0 0 0 0 0 5885 0 20748 0 126381 0 0 0 Dr Ronald Area CEO (Retired) 276390 0 0 0 0 0 23565 0 34915 0 334870 0 0 0 Schedule J, Part I, Line 1a Social club dues, a limited amount of spousal travel, and a 12-month housing allowance 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 20 1131118 FMV X 1 230450 Appraisal X Various Art Supplies 1 3382 FMV 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 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 website. The audited financial statements are available upon request. 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 126910 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 230771 These are the expenses paid by the organization related to employees who work directly with MUAA. Marshall University l 74526148 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 minimis 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.