2026-05-13T21:30:31+00:00 2025-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2024-07-01 237019799 Wright State University Foundation Inc WRIG 9377752251 3640 Colonel Glenn Hwy 3rd Floor Dayton OH 454350001 JAMES S CROSS CONTROLLER 9377752869 2026-05-14 true true RACHEL SPURLOCK P00520729 5023263996 2026-05-14 2024 2025-03-06 01:10:19Z JAMES S CROSS 3640 Colonel Glenn Hwy 3rd Floor Dayton OH 454350001 24864505 false X https://wrightstatefoundation.org/ X 1966 OH The Wright State University Foundation's mission is to partner with Wright State University in providing funding that assists students from the Dayton region and beyond to obtain an affordable, quality education. 30 30 10 40 5931 2840 5172459 8424558 0 8163457 13125269 410259 736345 13746175 22286172 7308784 6690556 0 1048351 1029331 0 690327 1941770 1862282 10298905 9582169 3447270 12704003 172642347 192561802 3589849 3478306 169052498 189083496 X The Wright State University Foundation's mission is to partner with Wright State University in providing funding that assists students from the Dayton region and beyond to obtain an affordable, quality education by: 1) promoting and facilitating a culture of engagement and philanthropy 2) prudently protecting, managing, and investing funds entrusted to it 3) disbursing funds aligned with the university's mission and priorities and ensuring funds disbursed are used as intended. false false 3624847 3624847 SCHOLARSHIPS: STUDENTS AT WRIGHT STATE UNIVERSITY RECEIVE A QUALITY EDUCATION THAT IS PAID PARTLY BY TUITION AND PARTLY BY STATE SUBSIDY. THE LATTER REVENUE SOURCE HAS DECLINED IN RECENT YEARS THEREBY MAKING IT MORE DIFFICULT TO FINANCE A COLLEGE EDUCATION. ALTHOUGH WRIGHT STATE REMAINS ONE OF THE MOST AFFORDABLE PUBLIC INSTITUTIONS IN OHIO, THE FOUNDATION SEEKS TO OFFSET THE LOSS OF STATE TUITION SUBSIDIES BY RAISING PRIVATE CONTRIBUTIONS IN SUPPORT OF STUDENT TUITION PAYMENTS. 2262480 2262480 UNIVERSITY PROGRAMS: DONATED RESOURCES FOR VARIOUS ACADEMIC AND SUPPORT FUNCTIONS AT WRIGHT STATE UNIVERSITY ALLOWS ADMINISTRATORS FLEXIBILITY TO DELIVER QUALITY PROGRAMS TO THEIR CONSTITUENCIES. THESE CONTRIBUTIONS SUPPLEMENT THE UNIVERSITY'S BUDGET ALLOCATION AND ALLOW PROGRAM MANAGERS TO OFFER UNIQUE AND CREATIVE LEARNING OPPORTUNITIES FOR STUDENTS. DURING THE CURRENT YEAR, 24% OF EXPENSES IN THIS AREA RELATED TO PARTIAL OR COMPLETE SUPPORT OF PROGRAM PERSONNEL THAT OTHERWISE WOULD NOT HAVE BEEN SUPPORTED BY THE UNIVERSITY'S OPERATING BUDGET. PROCEEDS IN THIS AREA ARE ALSO USED TO CONSTRUCT, RENOVATE AND REHABILITATE UNIVERSITY FACILITIES. DURING THE CURRENT YEAR, 28% OF EXPENSES IN THIS AREA RELATED TO PARTIAL OR COMPLETE SUPPORT OF PROGRAM PERSONNEL THAT OTHERWISE WOULD NOT HAVE BEEN SUPPORTED BY THE UNIVERSITY'S OPERATING BUDGET. PROCEEDS IN THIS AREA ARE ALSO USED TO CONSTRUCT, RENOVATE AND REHABILITATE UNIVERSITY FACILITIES. 494523 494523 ATHLETIC PROGRAMS: THROUGH ITS ATHLETIC PROGRAMS, WRIGHT STATE OFFERS ITS STUDENTS THE OPPORTUNITY TO COMPETE ON ONE OF ITS TWELVE NCAA DIVISION ONE MEN'S AND WOMEN'S SPORTS TEAMS. THESE PROGRAMS SEEK TO TRANSFORM THE LIVES OF ITS STUDENT-ATHLETES, BUILDING A SOLID FOUNDATION FOR STUDENT SUCCESS AT ALL LEVELS. ATHLETICS IS COMMITTED HELPING ITS STUDENT-ATHLETES DEVELOP AS PEOPLE, STUDENTS AND ATHLETES - IN THAT ORDER - AS WELL AS SUPPORTING THE MISSION OF WRIGHT STATE. 178956 178956 RESEARCH: SCHOLARLY RESEARCH IS A CORE PART OF WRIGHT STATE UNIVERSITY'S MISSION. THE FOUNDATION SEEKS TO ENHANCE FUNDING FOR THESE ACTIVITIES BY RAISING PRIVATE SUPPORT THAT PROVIDES PERSONNEL AND OPERATING COST COVERAGE FOR VARIOUS PROJECTS. MANY, ALTHOUGH NOT ALL, OF THE UNIVERSITY-SUPPORTED RESEARCH PROGRAMS ARE IN THE FIELD OF MEDICINE. THE AMOUNT OF RESEARCH SUPPORT PROVIDED BY THE FOUNDATION WAS $146,125. 129750 129750 583305 OTHER/VARIOUS: THE FOUNDATION ENTERTAINS REQUESTS TO ASSIST WITH FUNDING VARIOUS UNIVERSITY PURCHASES AND PROJECTS FOR THE BETTERMENT OF THE ENTIRE CAMPUS COMMUNITY. THE MAJORITY OF EXPENSES IN THE CURRENT FISCAL YEAR WERE MADE IN SUPPORT OF THE UNIVERSITY'S VARIOUS RECRUITING, RETAINING AND RELATIONSHIP GOALS. 308706 308706 583305 6690556 true true false false false false false false true true true true false false true true false true false false true false false false false false false true true true false false false false false false false false false false true false false false true true false false false false true X 6 0 true 10 true true true false false false false true true false false false false false false X 30 30 false false false false false false false true true false false false true true true true true true true true false false X X X JAMES S CROSS 9377752869 3640 Colonel Glenn Highway Dayton OH 454350001 David Deptula Immediate Past Chair 1.0 X X 0 0 0 Kristina Kean Treasurer 1.0 X X 0 0 0 Linda Black-Kurek Chair 1.0 X X 0 0 0 Loghan Young Vice Chair & Secretary 1.0 X X 0 0 0 Anupam Bedi Trustee 1.0 X 0 0 0 Bob Reynolds Trustee 1.0 X 0 0 0 Brittney Whiteside Trustee 1.0 X 0 0 0 Chris Brookshire Trustee 1.0 X 0 0 0 Danielle Rolfes Trustee 1.0 X 0 0 0 Dave Dirksen Trustee 1.0 X 0 0 0 David Donaldson Trustee (Until 10/18/24) 1.0 X 0 0 0 Doug Fecher Trustee 1.0 X 0 0 0 Doug Hull Trustee (as of 7/1/2024) 1.0 X 0 0 0 Dr Michael Robertson Trustee 1.0 X 0 0 0 Dr Samia Borchers Trustee 1.0 X 0 0 0 Gary McCullough Trustee 1.0 X 0 0 0 Hernan Olivas Trustee 1.0 X 0 0 0 Holly Di Flora Trustee 1.0 X 0 0 0 Janet Heppard Trustee 1.0 X 0 0 0 Julie Jacobs Trustee (as of 7/1/2024) 1.0 X 0 0 0 Karla Garrett-Harshaw Trustee 1.0 X 0 0 0 Matt Watson Trustee 1.0 X 0 0 0 Michael Daniels Trustee 1.0 X 0 0 0 Mike Clark Trustee 1.0 X 0 0 0 Pete Julian Trustee 1.0 X 0 0 0 Randy Phillips Trustee 1.0 X 0 0 0 Rob Weisgarber Trustee (until 11/16/2024) 1.0 X 0 0 0 Roberta Cornist-Bordeneau Trustee 1.0 X 0 0 0 Sharon Rab Trustee 1.0 X 0 0 0 Tom Proctor Trustee 1.0 X 0 0 0 Tom Sheehan Trustee 1.0 X 0 0 0 Vercie Lark Trustee 1.0 X 0 0 0 Andrea Wall Executive Director 40.0 X 69309 0 7913 Bobby Jones CFO (2/7/2025-11/17/2025, therefore no 2024 W2) 40.0 X 0 0 0 R Scott Rash President & CEO 40.0 X 271781 0 57985 Robert T Batson CFO (UNTIL 4/30/2025) 40.0 X 137677 0 26544 478767 0 92442 2 false true false SEI 1 Freedom Valley Drive Oaks PA 19456 INVESTMENT MANAGER 644322 1 8424558 423388 8424558 0 0 0 0 0 12336890 5931 12330959 726 726 152314 152314 0 152314 152314 3366712 2578333 788379 0 788379 788379 Miscellaneous Income 900099 583305 583305 0 0 0 0 583305 22286172 583305 5931 13272378 3065709 3065709 3624847 3624847 549517 549517 300520 300520 179294 179294 35620 35620 52119 52119 644322 644322 199445 0 30878 168567 14699 6447 8252 479854 47946 431908 171367 171280 87 103562 22654 80908 119776 119776 MISCELLANEOUS 41518 40913 605 0 0 0 0 9582169 6690556 2201286 690327 1877147 1919615 3784800 3532119 0 0 0 0 2880829 1392775 1607830 1488054 137697765 154820028 24062507 26999698 0 3612298 3802288 172642347 192561802 295411 393557 2514830 2830527 0 0 779608 254222 3589849 3478306 X 15242878 18808888 153809620 170274608 169052498 189083496 172642347 192561802 X 12704003 7273490 53505 X false true true false X 3259650 5540630 9171637 5172489 8424558 31568964 0 0 3259650 5540630 9171637 5172489 8424558 31568964 2844912 28724052 5018158 15670720 9456699 8316866 12483999 50946442 2840 0 1344 5166 5931 15281 71044 64968 246104 258300 583305 1223721 83754408 0 0.34296 0.37396 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 71044.0, COLUMN B - 64968.0, COLUMN C - 246104.0, COLUMN D - 258300.0, COLUMN E - 583305.0, COLUMN F - 1223721.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 113176585 4945113 14211076 5865343 126467431 105178369 1497629 12296227 5795640 113176585 97727773 4327627 8472157 5349188 105178369 112148063 1263105 -10280099 5403296 97727773 91645650 750791 24724119 4972497 112148063 0.0048 0.6651 0.3301 false false 173000 173000 2679197 1364143 1315054 28632 28632 0 1488054 Closely-held equity interests Financial derivatives Limited Partnerships 32764 F Alternative Assets 26966934 F 26999698 Federal Income Taxes Due to Wright State University 0 Annuities Payable 254222 254222 X 28968845 7273490 53505 7326995 21641850 644322 0 644322 22286172 8937847 0 0 8937847 644322 0 644322 9582169 Schedule D, Part IV, Line 2b Explanation of escrow agreement WSU Foundation holds and invests assets on behalf of the Western Ohio Education Foundation (WOEF) and the WSU Alumni Association (WSUAA). WOEF is the educational foundation that benefits the Lake Campus branch of Wright State University, located in Celina, Ohio. WSUAA is an association of former Wright State students that encourages continued interaction with the University. Both entities share proportionately in the investment earnings and losses of the WSU Foundation non-endowed portfolio, including fees charged by professional investment managers. Assets deposited by WOEF and WSUAA with the WSU Foundation may be withdrawn or supplemented at any time with little or no notice required. Assets on deposit at the end of the fiscal year are included in the "investments in securities" line of the WSU Foundation statement of activities. The related liability is listed as "deposits held in custody for others." Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds have been established with the Foundation to support three major program areas; academic and support programs, student financial aid and research. Specifically, endowments fund program operations, student scholarships and awards, department chair positions, professorships, student support programs and individual research projects. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation and Raider Food Pantry have been approved under the Internal Revenue Code Section 501(c)(3) as nonprofit organizations exempt from federal taxes on their normal activities. However, the Foundation and Raider Food Pantry are subject to federal income tax on any unrelated business taxable income. The Foundation and Raider Food Pantry file tax returns in the U.S. federal jurisdiction. WSUF Emergence Center No. 1, LLC is a disregarded entity for tax purposes. GAAP prescribes recognition thresholds and measurement attributes for the consolidated financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2025 and 2024, respectively. The Foundation and Raider Food Pantry do not have any tax benefits recorded at June 30, 2025 and do not expect that position to significantly change in the next year. The Foundation and Raider Food Pantry would recognize interest and/or penalties related to income tax matters in income tax expense, if applicable, and there were no amounts accrued for interest and penalties at June 30, 2025 and 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - -2400 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE - 55905 false Central America and the Caribbean 0 0 Investments 20894279 0 0 0 0 0 0 20894279 0 20894279 false false true true 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 WRIGHT STATE UNIVERSITY FOUNDATION 3640 COL GLENN HWY DAYTON OH 454350001 310732631 STATE UNIVERSITY 3065709 INSTITUTIONAL SUPPORT 1 0 SCHOLARSHIPS 1500 3624847 Schedule I, Part III, Column (b) Estimated Number Of Recipients SCHOLARSHIPS : THIS INFORMATION IS NOT MAINTAINED BY THE FOUNDATION. THIS IS AN ESTIMATE. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds All expenditures of grant proceeds for program support, research, athletics and miscellaneous grants are subject to approval of the Foundation's CFO or his/her designee. Prior to approval, the CFO reviews the purpose of the expenditure in conjunction with donor restrictions as specified in gift agreements and other related gift documents. With respect to scholarship awards, grant proceeds are released to the Financial Aid Office of Wright State University, a related tax-exempt organization, which credits individual student accounts in the amount of scholarships awarded. X false true X X false false false false false false false false false R Scott Rash President & CEO 259892 0 0 0 11889 0 21992 0 35993 0 329766 0 0 0 Robert T Batson CFO (UNTIL 4/30/2025) 135855 0 0 0 1822 0 12104 0 14440 0 164221 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees The Foundation paid monthly dues to a local country club for its President and CEO. The membership provides networking and entertainment benefits which enhances the Foundation's relationship with various external constituencies. The amount paid for dues is treated as taxable compensation to the President and CEO. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses Payment of the country club dues for the President and CEO was authorized by the Board's Executive Committee. 8 423388 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - There were 8 donors who contributed stock. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 178,956 including grants of $ 178,956) RESEARCH: SCHOLARLY RESEARCH IS A CORE PART OF WRIGHT STATE UNIVERSITY'S MISSION. THE FOUNDATION SEEKS TO ENHANCE FUNDING FOR THESE ACTIVITIES BY RAISING PRIVATE SUPPORT THAT PROVIDES PERSONNEL AND OPERATING COST COVERAGE FOR VARIOUS PROJECTS. MANY, ALTHOUGH NOT ALL, OF THE UNIVERSITY-SUPPORTED RESEARCH PROGRAMS ARE IN THE FIELD OF MEDICINE. THE AMOUNT OF RESEARCH SUPPORT PROVIDED BY THE FOUNDATION WAS $146,125. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 129,750 including grants of $ 129,750)(Revenue $ 583,305) OTHER/VARIOUS: THE FOUNDATION ENTERTAINS REQUESTS TO ASSIST WITH FUNDING VARIOUS UNIVERSITY PURCHASES AND PROJECTS FOR THE BETTERMENT OF THE ENTIRE CAMPUS COMMUNITY. THE MAJORITY OF EXPENSES IN THE CURRENT FISCAL YEAR WERE MADE IN SUPPORT OF THE UNIVERSITY'S VARIOUS RECRUITING, RETAINING AND RELATIONSHIP GOALS. Form 990, Part V, Line 1c Required Federal Employment Tax Returns and Backup Withholding Wright State University Foundation, Inc. (WSUF) was incorporated to receive and hold gifts, grants and bequests of money and property for the benefit of Wright State University (WSU) and its students and faculty. WSUF has eight employees of its own providing staff support. Although WSUF is a legally separate, tax-exempt entity, it has been determined that it does meet the criteria for discrete presentation within WSU's financial statements. Based on the IRS instructions for Schedule R, WSUF and WSU are not considered related based on the definitions provided. However, to provide transparency and clarity to the reader the Form 990 has been presented as WSUF and WSU being related entities to accurately reflect the on-going operations. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is composed of the President & CEO (non-voting), Board Chair, Vice Chair, Treasurer, Secretary, Chairs of each of the standing committees (5) and an at-large Trustee. The Foundation's Code of Regulations authorizes the Executive Committee to exercise all of the authority of the Board of Trustees, but only in the intervals between meetings of the Board. Form 990, Part VI, Line 11b Review of form 990 by governing body Prior to filing with the IRS, the Form 990 is reviewed by the Foundation's Audit and Finance Committee. The full document is presented to the Committee and staff provides an overview of the information contained in the report. Once the Audit and Finance Committee is satisfied that the form is accurately completed, it approves the form for filing. Prior to filing, the final version of the Form 990 is distributed to each member of the Foundation Board. Form 990, Part VI, Line 12c Conflict of interest policy Trustees of the Wright State University Foundation (the Foundation) are annually required to sign a conflict-of-interest policy statement and to disclose any potential conflicts that may exist. These disclosures are reviewed by the Foundation's CFO. This position is responsible for reviewing and approving all operating expenditures authorized by the annual Foundation budget. Such authorizations are made in light of the CFO's knowledge of conflict disclosures. Trustees are expected to abstain from self-dealing and any votes that may be biased by personal conflicts of interest. The annual disclosure procedure helps them identify and avoid such conditions. The Foundation's key employees are also required to complete a conflict-of-interest disclosure and to avoid involvement in any transactions which might involve a conflict. Form 990, Part VI, Line 15a Process to establish compensation of top management official The performance and compensation of the President/CEO of the organization is reviewed and approved by the Executive Committee of the Foundation Board of Trustees. The Board uses comparability data, surveys and other sources to determine compensation. The last compensation review was performed and documented in FY2025. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE PERFORMANCE AND COMPENSATION OF ALL OTHER OFFICERS/KEY EMPLOYEES. COMPARIBILITY DATA, SURVEYS AND OTHER SOURCES ARE USED TO DETREMINE COMPENSATION. THE LAST COMPENSATION REVIEW WAS PERFORMED AND DOCUMENTATED IN FY2025. Form 990, Part VI, Line 19 Required documents available to the public In general, documents maintained by Wright State University Foundation, Inc. (the Foundation) are subject to the State of Ohio's Public Records Law, which generally holds that all requests for documents will be fulfilled. The Foundation's annual financial statements, Form 990s and several governing documents are also published on its website. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - -2400; CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE - 55905; Total - 53505; WSUF EMERGENCE CENTER NO 1 LLC (FKA FAIRBORN OFFICE PROPERTY LLC) 3070 PRESIDENTIAL DRIVE FAIRBORN OH 453246293 HOLDS TITLE TO PROPERTY OCCUPIED BY WSU FOUNDATION, INC. OH 152314 1488054 Wright State University Foundation Inc RAIDER FOOD PANTRY INC 3640 Colonel Glenn Highway DAYTON OH 454350001 FOOD PANTRY OH 0 0 WRIGHT STATE UNIVERSITY FOUNDATION WRIGHT STATE UNIVERSITY 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 310732831 EDUCATION OH 501(c)(1) NA false CHARITABLE REMAINDER TRUSTS (3) INVESTMENTS OH NA Trust -2400 1751400 true false true false false false false false false false false false true true true true true false false false