2023-03-01T10:53:14-07:00 2022-06-30 990 2021-07-01 936022772 OREGON STATE UNIVERSITY FOUNDATION OREG 5417374218 4238 SW Research Way Corvallis OR 973331068 Steven Schauble Vice President & CFO 5417377499 2023-03-01 1 11 0 AAL2 2021 2023-04-26 12:10:37Z Shawn Scoville 4238 SW Research Way Corvallis OR 973331068 356426113 0 X www.osufoundation.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. 33 31 174 33 0 0 90944982 193084030 228328 1577600 61359002 63233495 28039102 14276880 180571414 272172005 0 0 0 0 29345551 31416360 15253 15272 18336514 56672097 97143427 86032901 128575059 94538513 143596946 1081350817 1086662227 112909827 117321051 968440990 969341176 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 12069339 0 0 SCHOLARSHIPS & OTHER STUDENT SUPPORT: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University in FY22 to support students through scholarships, fellowships, and other awards. Through the years, donors have created over 2,200 unique scholarship and fellowship funds of various types and amounts at the OSU Foundation. 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. 51937017 0 0 CAPITAL PROGRAMS: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY22, to support the construction or renovation of campus facilities. Major projects in FY22 included: Arts & Education Complex, completion costs on the Marine Studies Building in Newport and the Gary R Carlson Vet Med Building, renovation of Graf Hall, Reser Stadium - West side renovation, the Valley Football Center, OSU President's residence, Goss Stadium Trophy & Omaha Room enhancements, Women's Basketball Locker Room renovations, and the Gymnastics Practice Facility. 16797322 0 0 INSTRUCTION AND RESEARCH: The OSU Foundation distributed these amounts, in accordance with donor intent, to the University, in FY22, to support teaching and research. With 173 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. 19627 0 0 Board of trustee expenses 102079 0 0 Books, Periodicals & Subscriptions 1000 0 0 Capital Outlay 1378475 0 264310 Conferences, Meetings and Seminars 588650 0 0 Donor Cultivation/Stewardship 14246 0 0 Dues and Memberships 205293 0 0 Equipment 233970 0 0 Information Technology 3933165 0 0 Interest (debt service related regarding OSU Athletics and the State of Oregon) 136 0 0 Licenses and Permits 274035 0 0 Maintenance & Repair 182579 0 0 Miscellaneous expenses 463821 0 0 Office & Admin Supplies 2645439 0 0 Payroll 109330 0 906325 Public Relations/Entertaining 544663 0 0 Recognition and Awards 257874 0 0 Rentals & Leases 3022999 0 0 Services 4044542 0 406965 Special program expense 204896 0 0 Staff Meetings/Training 59199 0 0 Taxes 11346 0 0 Telephone/Internet 2783229 0 0 Transfers 517809 0 0 Travel 1795815 0 0 University Endowment Distribution 1 0 0 Rounding 23394218 0 1577600 104197896 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 1 110 0 1 174 1 1 1 0 0 0 1 1 1 1 1 1 0 0 1 1 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK 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 X Shawn Scoville President and CEO 40 2 X 621594 0 66096 Steven M Schauble Treasurer, VP and CFO 40 0 X 331970 0 70758 Constance C French VP for Principal Gifts 40 0 X 327068 0 62115 Jeffrey W Comfort VP Gift Planning and Principal Gifts 40 0 X 302033 0 63693 Todd R Bastian Associate VP for Development 40 0 X 271714 0 69030 Kevin L Harvey Associate VP, Finance 40 0 X 256423 0 69236 Kristin G Watkins Associate VP for Development, Portland Center 40 0 X 248948 0 70256 Aaron Escobar VP Development, Athletics 40 0 X 239242 0 68790 Patricia Kenney VP Talent Management 40 0 X 222111 0 49429 Patricia Nowak Assistant Treasurer - Controller 40 0 X 121853 0 27855 Laura Pribyl Secretary - Director of Board Relations 40 0 X 85257 0 23004 Leonard Aplet Trustee 1 1 X 0 0 0 Bob Bailey Trustee 1 0 X 0 0 0 Ken Barrow Trustee - Executive Committee 2 0 X 0 0 0 Knute Buehler Trustee 1 0 X 0 0 0 Kim Casale Trustee 1 0 X 0 0 0 Mary Coucher Trustee 1 1 X 0 0 0 Jill Eiland Trustee - Executive Committee 2 1 X 0 0 0 Pat Egan Trustee 1 0 X 0 0 0 Dick Evans Trustee - Executive Committee 2 0 X 0 0 0 Nancy Fischer Trustee 1 0 X 0 0 0 Steven Jackson Trustee 1 0 X 0 0 0 Dan Jarman Trustee 1 2 X 0 0 0 Doug Layman Trustee 1 0 X 0 0 0 Gregory Macpherson Trustee 1 0 X 0 0 0 Frank Morse Trustee 1 1 X 0 0 0 Lavance Northington Trustee 1 0 X 0 0 0 Tom Nakano Trustee 1 0 X 0 0 0 Caron Ogg Trustee 1 0 X 0 0 0 Diane Paddison Trustee 1 0 X 0 0 0 Carol Hill Pickard Trustee 1 0 X 0 0 0 Mary Power 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 Carrie Thompson Trustee 1 1 X 0 0 0 David Thompson Trustee 1 0 X 0 0 0 Dave Underriner Trustee - Executive Committee 2 0 X 0 0 0 Tony Williams Trustee 1 1 X 0 0 0 Mary Yates Trustee 1 0 X 0 0 0 Steve Zamsky Trustee 1 0 X 0 0 0 Eric Schoenstein Trustee - Board Chair 2 0 X 0 0 0 John Stirek Trustee - (Past Chair) Executive Committtee 2 0 X 0 0 0 Penny Atkins Trustee - (Chair Elect) Executive Committee 2 0 X 0 0 0 3028213 0 640262 42 0 1 0 Charles Schwab & Co Inc 1945 Northwestern Drive El Paso TX 79912 investment 580963 Evertrue Inc 33 Arch St 17th Floor Boston MA 02110 software 525059 Journal Graphics PO Box 10346 Portland OR 97296 printing and mailing services 363516 Levy Premium Food Service LP 980 N Michigan Ave Suite 500 Chicago IL 60611 catering 307149 Affirma Consulting LLC 3380 146th Place SE Suite 200 Bellevue WA 98007 software 222540 18 0 0 0 0 0 193084030 27215879 193084030 Other Revenue - OBN Parking 900099 500464 500464 0 0 Other Revenue - OSU Sports Pass 900099 405861 405861 0 0 Other Revenue - Registrations 900099 264310 264310 0 0 406965 406965 0 0 1577600 6047796 0 0 6047796 0 0 0 0 8044 0 0 8044 603107 0 762783 0 -159676 0 -159676 0 0 -159676 137365707 3311317 80801858 2689467 56563849 621850 57185699 0 0 57185699 184025 0 0 184025 0 184025 Endowment Management Fees 900099 10245164 10245164 0 0 Other Revenue - Miscellaneous 900099 10928575 10928575 0 0 Change in Split Interest Agreements 900099 -6930549 -6930549 0 0 1297 1297 0 0 14244487 272172005 15822087 0 63265888 3806585 1017614 2788971 22029183 12115492 2387724 7525967 2065229 520947 1544282 2414272 1214 716972 1696086 1101091 10746 263887 826458 -23282 2197 -25479 392194 58420 333774 138867 138867 15272 15272 3700489 2667626 232108 800755 114947 8037 106910 2467330 2039559 281121 146650 2097046 427139 1005006 664901 1184838 827104 20598 337136 2196000 1970525 68018 157457 4650993 4570670 80323 261220 261220 1260515 1090217 54818 115480 Capital Outlay Land & Bldg 50269353 50269353 0 0 Special Program Expense 5548502 5474222 74280 0 Awards and Scholarships 13702884 13687883 8769 6232 9181531 8979689 -1534504 1736346 128575059 104197896 6040649 18336514 12226935 43516249 40899526 106210664 349251 438050 1768703 1857404 201866 318952 17617152 3036718 15243473 14580434 661419675 527349650 327783047 372204805 21458341 20186019 1081350817 1086662227 5198548 11976757 700000 700000 107011279 104644294 112909827 117321051 X 30181455 16520890 938259535 952820286 968440990 969341176 1081350817 1086662227 X 143596946 -129503022 0 -13039188 0 -154550 X 0 1 X 1 0 X 77812027 74724577 93028322 90944982 193084030 529593938 0 0 0 0 0 0 0 0 0 0 0 0 77812027 74724577 93028322 90944982 193084030 529593938 105509618 424084320 9797562 10507785 5722258 4260800 5289342 35577747 0 0 0 0 0 0 3648630 1012611 1821324 1541338 2543629 10567532 575739217 110262914 0.73659 0.80327 X Schedule A, Part II, Line 10 Other Income: Income - Partnerships $8,206,861; Income - Other Investments $2,485,213; Income - Accrued Endow Pool ($124,542) - TOTAL $10,567,532 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 138867 138867 128575059 128713926 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 203418 218042 135873 138867 696200 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 817382079 30932443 -59594419 4706164 22520156 0 761493783 664084928 21112092 205581211 5782884 67613268 0 817382079 654351474 31450555 20287582 8684477 33320206 0 664084928 629581414 34891553 35713701 7036694 38798500 0 654351474 572737217 44448937 56181971 13934838 29851873 0 629581414 0.0584 0.6888 0.2528 1 0 0 728371 728371 0 5719586 953264 4766322 0 616665 355631 261034 0 1389669 736952 652717 0 9162861 990871 8171990 14580434 Partnerships 293607780 F Real Estate 7342116 F Hedge Funds 63399838 F Mortgages and Note Receivable 2365140 F Investment Receivable -1185069 F Real property held for investments 6675000 F 372204805 0 Endowment assets held for OSU 54208072 Net pooled equity investment program 26922574 Trust liability 19716670 Gift annuity liability 3796980 rounding -2 104644294 Schedule D, Part V, Line 4 The OSU Foundation holds over 3,300 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 173 endowed faculty positions supported with such funds. Central America and the Caribbean 0 0 Fundraising 0 East Asia and the Pacific 0 0 Fundraising 0 Europe (including Iceland and Greenland) 0 0 Fundraising 0 Middle East and North Africa 0 0 Fundraising 0 North America (including Canada and Mexico, but not the United States) 0 0 Fundraising 0 Russia and the newly independent States 0 0 Fundraising 0 South America 0 0 Fundraising 0 South Asia 0 0 Fundraising 0 Sub-Saharan Africa 0 0 Fundraising 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 partnerships are investment only and there is no participation by the OSU Foundation in any of the partnership activities. 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 X X 1 Ruffalo Noel Levitz LLC PO Box 718 Des Moines IA 503030718 Telephone solicitation work for annual giving program 0 0 15272 -15272 0 15272 -15272 All States 990 Part VII Line 8 184025 0 184025 0 0 0 0 0 0 0 0 184025 0 184025 0 0 0 0 0 0 0 184025 X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Shawn Scoville President and CEO 521665 0 99929 0 0 0 41291 0 24804 0 687689 0 0 0 Steven M Schauble Treasurer, VP and CFO 295970 0 36000 0 0 0 49552 0 21206 0 402728 0 0 0 Patricia Kenney VP Talent Management 216111 0 6000 0 0 0 37640 0 11789 0 271540 0 0 0 Constance C French VP for Principal Gifts 306068 0 21000 0 0 0 50387 0 11729 0 389184 0 0 0 Jeffrey W Comfort VP Gift Planning and Principal Gifts 261033 0 41000 0 0 0 45094 0 18599 0 365726 0 0 0 Todd R Bastian Associate VP for Development 250714 0 21000 0 0 0 47326 0 21704 0 340744 0 0 0 Kevin L Harvey Associate VP, Finance 233923 0 22500 0 0 0 45432 0 23804 0 325659 0 0 0 Kristin G Watkins Associate VP for Development, Portland Center 232948 0 16000 0 0 0 43802 0 26454 0 319204 0 0 0 Aaron Escobar VP Development, Athletics 227242 0 12000 0 0 0 42236 0 26554 0 308032 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. Tax indemnification and gross-up payments: During the reporting period gift cards were given to employees to express appreciation and/or recognition for work accomplishments. As taxable fringe benefits these cash equivalents were processed through payroll as gross-up payments. 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. X 226 23237514 FMV X 19 1682667 FMV X Mutual Fund Shares 33 2295698 FMV 1 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. 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 "Directors Desk" secure website. 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 activities that could give rise to 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 Form 990, part vi, line 15a - 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. Form 990, part vi, line 15b - compensation process for officers. The compensation of the organization's key employees is reviewed on an annual basis. The employee's immediate supervisor oversees the development 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 Forms 990 and 990-T 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 VII, Section A, Line 1a Related Organization Hours Reported Explanation. The following individuals have related organization hours reported for The Beaver Caucus: Shawn Scoville, Jill Eiland, Dan Jarman, Frank Morse, and Tony Williams; for Oregon State University Alumni Association: Shawn Scoville, Mary Coucher, and Dan Jarman; and for the Oregon 4-H Foundation: Leonard Aplet and Carrie Thompson. Form 990, Part XI, Line 9 Interfund transfers $51,103; unfulfilled pledges $103,445; rounding $2 - TOTAL $154,550 4238 Research Way LLC 4238 SW Research Way Corvallis OR 973331068 811384420 commercial rental real estate OR 1398304 14362544 OSU Foundation Oregon 4-H Foundation 119 Ballard Extension Hall Corvallis OR 973313608 930711337 youth education and development OR 501(c)(3) 9 OSU Foundation 0 The Beaver Caucus C/O Shawn Scoville 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 60000 0 1 1 Charitable Remainder Uni-Trust (75) 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 (5) 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 Charitable Remainder Annuity Trust (1) 4238 SW Research Way Corvallis OR 973331068 investment management OR N/A T 0 0 0 1 0 1 0 0 0 0 1 1 0 1 1 0 0 1 1 Oregon 4-H Foundation r 15686 General interfund transfers Oregon 4-H Foundation r 533159 distribution of endowment earnings Oregon 4-H Foundation s 139417 net interfund transfers Oregon 4-H Foundation s 38221 5% administrative gift fees Oregon 4-H Foundation n 0 office space, equipment, and other support provided at no cost Oregon 4-H Foundation o 10898 several 4H employees are on OSUF payroll and gross payroll costs are borne on a split basis - in FY22 the 4H positions were vacant a substantial portion of the FY Oregon 4-H Foundation d 167500 loan advance line of credit was extended to 4H for Cabin 4 renovation project as well as internet fiber cabling project at the 4H center, line of credit will be paid in full when remainder of grant funding is received Oregon State University Alumni Association r 35418 General interfund transfers Oregon State University Alumni Association r 368062 distributions of endowment earnings Oregon State University Alumni Association s 23826 net interfund transfers Oregon State University Alumni Association l 7287 fees regarding gifts processed made via credit card Oregon State University Alumni Association s 12559 5% administrative gift fees Trysting Tree Golf Club Inc s 60000 Interfund transfers Trysting Tree Golf Club Inc f 60000 dividend amount based on annual operating results The Beaver Caucus b 138867 contributions to The Beaver Caucus to cover payment of professional consulting $130,199, and other operating expenses of $8,668 The Beaver Caucus o 95960 Staff of OSUF, 1 FTE, provided administrative support to The Beaver Caucus The Beaver Caucus n 0 no cost support via office space, equipment, and mailing lists