2023-03-24T14:00:12+00:00 2022-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2021-07-01 316402269 The Ohio University Foundation OHIO 7405931901 PO Box 869 Athens OH 45701 Candice Casto Treasurer & CFO 2023-03-24 true Candice Casto 999009999 Kim Scifres P01316095 5023263996 2021 2023-04-26 12:10:37Z Nico Karagosian PO Box 869 Athens OH 45701 193936334 false X www.ohio.edu/foundation X 1945 OH The Ohio University Foundation is an active partner in Ohio University's mission of education, research, and service. The Foundation provides support for financial aid, research, capital expansion, and other academic initiatives, securing for Ohio University a margin of excellence that otherwise would not be possible. 39 35 105 590 68656 0 46703871 44642160 0 0 18724929 30742498 -124719 -205228 65304081 75179430 28191726 36908054 0 10162660 9843822 155314 174650 7588698 4650140 5650801 43159840 52577327 22144241 22602103 720462181 641559157 9388859 11596827 711073322 629962330 The Ohio University Foundation was established in 1945 to support the mission of Ohio University, the first institution of higher education in the Northwest Territory. Ohio University holds as its central purpose the intellectual and personal development of its students and is well-known for its outstanding faculty of accomplished teachers whose research and creative activity advance knowledge across many disciplines. During fiscal year 2022 The Ohio University Foundation received thousands of gifts totaling approximately $40 million. false false 40281487 36908054 157946 The Ohio University Foundation provides funding for many university needs including academic and instructional support, student aid, research, facilities, athletics and other academic initiatives. During fiscal year 2022, The Ohio University Foundation provided $17.3 million in support for instruction and research, $9.4 million in student aid, and $10.3 million in support of other academic initiatives. Ohio's premier scholarship programs include The Appalachian Scholar Program, The Urban Scholars Program, The Cutler Scholars Program, and many more need and merit-based scholarships. Significant gifts were received during fiscal year 2022 for the colleges of arts and sciences, business, engineering and osteopathic medicine, as well as for student financial aid, intercollegiate athletics and many other areas. 40281487 true true false false false false true true true true true false false true true false true false false true false false true true false false true false true false false false false false false false false true true false false true true true true false false true X 131 0 true 105 true true true true CJ false false false true true false false false false false false X 39 35 false false true false false false false true true false true true true true true true true true true true true true CA FL HI IL KY MD MA MI MN MS NH NJ NY OH OR SC UT WI X Candice Casto 7405931901 Ohio University Athens OH 457012979 Candice Casto Treasurer & CFO 36.0 4.0 X X 160345 0 60535 Deborah Shaffer Treasurer & CFO (Partial Year) 1.0 39.0 X X 0 395710 114805 I Robert Rudy Vice Chair 4.0 X X 0 0 0 Nico Karagosian President & CEO 38.0 2.0 X X 321438 0 69878 Perry Sook Chair 4.0 X X 0 0 0 Sandra Anderson Vice Chair 4.0 X X 0 0 0 Susan Weiss Mulgrew Secretary 1.0 X X 0 0 0 Ann Wagner Hill Trustee 1.0 X 0 0 0 Cary Cooper Trustee 1.0 X 0 0 0 Casey Christopher Trustee 1.0 X 0 0 0 Charles Ciuni Trustee 1.0 X 0 0 0 Cynthia Calhoun Trustee 1.0 X 0 0 0 Daryl Sybert Trustee 1.0 X 0 0 0 David Abram Trustee 1.0 X 0 0 0 David Levy Trustee 1.0 X 0 0 0 David Wolfort Trustee 1.0 X 0 0 0 Dennis Minichello Trustee 1.0 X 0 0 0 Dick Dickerson Trustee 1.0 X 0 0 0 Donny Harrison Trustee 1.0 X 0 0 0 Eric Peterson Trustee 1.0 X 0 0 0 Gregory Hill Trustee 1.0 X 0 0 0 Hugh Sherman Trustee 5.0 35.0 X 0 450971 52931 Jacqueline Reau Trustee 1.0 X 0 0 0 Janis Jones Trustee 1.0 X 0 0 0 Jeffrey Loewy Trustee 1.0 X 0 0 0 Joseph Becherer Trustee 1.0 X 0 0 0 Joseph Trubacz Trustee 2.0 38.0 X 0 122265 17284 Karen Bailey Trustee 1.0 X 0 0 0 Mark Arnold Trustee 1.0 X 0 0 0 Melissa Wervey Arnold Trustee 1.0 X 0 0 0 Paul Gydosh Trustee 1.0 X 0 0 0 Phyllis Kohler Trustee 1.0 X 0 0 0 R Scott Durcanin Trustee 1.0 X 0 0 0 Robert Wolfinger Trustee 1.0 X 0 0 0 Robin Smith Trustee 1.0 X 0 0 0 Stephen Muck Trustee 1.0 X 0 0 0 Thomas Anderson Trustee 1.0 X 0 0 0 Timothy Busch Trustee 1.0 X 0 0 0 William Ball Trustee 1.0 X 0 0 0 William Hilyard Trustee 1.0 X 0 0 0 Major Alston Senior Associate VP Advancement and Campaign Director 38.0 2.0 X 188206 0 63187 Mei Wei Dean, Russ College of Engineering and Technology 4.0 36.0 X 0 311825 59660 David Gaume Chief Investment Officer 40.0 X 264435 0 67328 Erin Essak Kopp Assistant VP Alumni Relations/ Exec Director OHIO Alumni Association 40.0 X 153998 0 33195 Joseph Pauwels Associate VP, Advancement Svcs 38.0 2.0 X 142452 0 58881 Kelli Kotowski Assistant Vice President, Gift Planning 40.0 X 151792 0 34497 Teri Gartland Assistant VP, Development 38.0 2.0 X 147696 0 54217 M Duane Nellis Trustee (Former) 1.0 39.0 X 0 662249 100942 1530362 1943020 787340 20 true true false Silchester International Investors LLP Time Life Building 1 Bruton Street London UK Investment Management 347407 Hirtle Callaghan & Co 300 Barr Harbor Dr Ste 200 West Conshohocken PA 19428 Investment Management 300227 Fund Evaluation Group PNC Bank 201 E Fifth St 1600 Cincinnati OH 45202 Investment Consultant 246877 TIAA Kaspick 211 North Broadway Suite 1000 St Louis MO 63102 Investment Mgt/Gift Admin 229544 RUFFALO NOEL LEVITZ LLC 1025 Kirkwood Pkwy SW Cedar Rapids IA 52404 Fundraising 174650 14 43157 4358136 40240867 17290134 44642160 0 0 0 0 0 9260470 -6891 9267361 854852 1287216 -432364 0 -432364 -432364 138845950 117363922 21482028 0 21482028 21482028 39513 43157 45870 -6357 -6357 135443 59896 75547 75547 Revenues from sales, services, and events 453220 167841 167841 Miscellaneous Revenue 900099 -9895 -9895 0 0 0 0 157946 75179430 157946 68656 30310668 36908054 36908054 902197 115897 374026 412274 7279266 1774876 1296922 4207468 635836 110192 16530 509114 930661 189172 21392 720097 95862 16745 2052 77065 12598 180 11363 1055 130112 130112 174650 174650 2521603 2521603 438863 112671 40325 285867 194247 119155 7880 67212 608804 383212 29479 196113 662558 192461 128511 341586 57507 25554 10237 21716 325498 76557 9054 239887 472905 169161 68574 235170 30907 30907 33123 11041 11041 11041 41194 9145 32049 Repairs and Maintenance 14508 2709 8184 3615 106374 42943 10712 52719 52577327 40281487 4707142 7588698 0 52555028 41067678 19576386 18699306 832515 864854 0 0 0 0 0 70329 61871 440646 508003 5837191 832011 8290514 5005180 505730466 448588512 105406845 104635555 0 0 27559452 22128198 720462181 641559157 841607 1285129 0 0 0 1489290 1398156 0 0 0 0 7057962 8913542 9388859 11596827 X 156422727 128979120 554650595 500983210 711073322 629962330 720462181 641559157 X 22602103 -101029595 -2683500 X false true X true false X 19642030 22260645 18457183 43040522 40154634 143555014 0 0 19642030 22260645 18457183 43040522 40154634 143555014 28571879 114983135 13798774 14625180 11712673 8810611 10115322 59062560 0 0 0 0 0 0 93564 79815 31806 10478 39513 255176 202872750 25552147 0.5668 0.5277 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 93564.0, COLUMN B - 79815.0, COLUMN C - 31806.0, COLUMN D - 10478.0, COLUMN E - 39513.0, COLUMN F - 255176.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3787846 0 X X false false true X 597273383 13888864 -67266330 19682520 7822301 516391096 468175495 16541037 140646927 20014559 8075517 597273383 473768166 6985640 11008793 15728680 7858424 468175495 463745552 13916885 20018214 16084119 7828366 473768166 448292661 9248745 29419529 15556822 7658561 463745552 0.2923 0.7077 0.0 false false 2136896 2136896 2060112 687570 1372542 0 0 0 90183 48941 41242 1550000 95500 1454500 5005180 5955695 F Private Equity Fund Private Real Estate Fund Private Debt Hedge Fund Diversifying Strategies Private Debt 4548586 F Private Equity Fund 60791364 F Private Real Estate Fund 692916 F Diversifying Strategies 6758778 F Hedge Fund 17934011 F Hedged Equity 7954205 F 104635555 Annuities Payable Charitable trusts obligations Due to Affiliate - Ohio University Other liabilities Due to Affiliate - Ohio University 3862027 Annuities payable 1179287 Charitable trusts obligations 2518281 Other liabilities 1353947 8913542 X Schedule D, Part IV, Line 2b Explanation of escrow agreement The Foundation holds the working capital for the Inn of Ohio, cash balances on behalf of alumni networks and societies, certificates of deposit on behalf of the Chillicothe Foundation and Russ Research Center tenant deposits. Schedule D, Part V, Line 4 Intended uses of endowment funds The Foundation's endowment includes both donor-restricted endowment funds and funds designated by the board of trustees as quasi-endowments. The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the long-term purchasing power of the endowment assets. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has determined that the Foundation is an exempt organization under Section 501(c)(3) of the Internal Revenue Code, except for taxes on unrelated income. Central America and the Caribbean 0 0 Investments 44143137 0 0 0 0 0 0 44143137 0 44143137 true false true false true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual X X X X X X true Ruffalo Noel Levitz LLC 1025 Kirkwood Parkway SW Cedar Rapids IA 52404 Fundraising false 67895 174650 -106755 67895 174650 -106755 CA CO CT DC FL GA AL HI IL KS KY LA ME AK MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA AR WA WV WI Dublin Open HCOM Golf Outing 38755 22350 16405 1000 710 8250 6335 6577 Lonsbury Golf Tournament 22903 7299 15604 0 944 3732 2865 1465 8 21012 13508 7504 0 109 2870 4094 6919 82670 43157 39513 1000 1763 14852 13294 14961 45870 -6357 Schedule G, Part I, Line 2b(vi) Amount paid to (or retained by) the organization As indicated in schedule G, the telephone fundraising program generated $67,895 in revenues during fiscal year 2022, versus costs of $174,650. The landscape for phonathon and the value/ROI for telephone fundraising continues to change. The Foundations current vendor, RNL, is adapting to these changes as well. They are offering digital engagement services along with telephone services. In order to maximize the Foundation's impact with this program, we will be bringing our callers onto an on-campus, in-person environment during FY23 in an effort to attain more donors and higher dollars through this program. The Foundation continues reviewing the annual giving program and exploring ways to leverage the contract for maximum results. Schedule G, Part I, Line 2b Professional Fundraiser The telemarketing services agreement between Ruffalo Noel Levitz LLC (RNL) and Ohio University provides for a year-round, off-site telephone fundraising program. Calling campaigns occur over the fall and spring semesters, with callers working from RNL call centers. The agreement is set up so that RNL completes a set amount of program calling hours for the year, and the contract cost includes caller wages and the company's management fee. The program also includes program set-up and consulting, data services, writing services, subscription services, pledge reminder services, thank you emails, and text message campaigns. Revenue streams and cost factors: Prior to the start of calling, RNL provided data enrichment services for mailing addresses, phone numbers (cell and land line), and email verification services. In total, this represents updates to up to 975,000 points of contact information data for OHIO's alumni, improving data quality and contact rates for all channels within the Annual Giving program. Other considerations: As part of the telephone fundraising program, thousands of calls and solicitations are completed each fiscal year. There is a distinct, intangible and long-term value in connecting with alumni. For many alumni, a call from the phonathon is the only direct opportunity they have to speak with an Advancement representative. These calls are an opportunity to thank alumni for past giving, share University priorities, and invite them to give and be involved. The ROI of a phone program is spread across years: In a study conducted by an independent group, the foundation established the following data and trend lines for Ohio University donors who eventually gave $10,000: i) before making their $10,000 gift, they first participated in 9 to 13 annual fund years; ii) they made a gift in 7 out of 10 fiscal years just prior to making their $10,000 gift; iii) 61% of all donors who made a $10,000 gift made a first gift of $50 or less; iv) 38% of all donors who made a $10,000 gift made a first gift of less than $25. This research shows that in order to move alumni through the donor pipeline into major gifts, they need to be long-time, consistent donors to the university - but their giving starts at moderate levels. The phonathon program through RNL plays an important role in the long-term health of Ohio University's donor pipeline. In addition, in FY22, RNL supported other Annual Giving campaigns through targeted emails, direct mail pledge reminders, and a text message program. Text messaging represents a channel not utilized by Annual Giving through any other tool, and research shows that compared to other channels (email, direct mail), text messages result in significantly higher open/read rates. This service provided by RNL represents a significant step forward in reaching alumni in a new, efficient way. true Ohio University Cutler Hall 108 Athens OH 45701 316402113 SECTION 115 36908054 INSTRUCTION, EDUCATION, ETC. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Foundation was established to solicit and receive gifts and contributions for the benefit of Ohio University and to ensure that funds and property received are applied to the uses specified by the donors. As such, amounts reported in Schedule I, Part I, reflect financial support that the Foundation provides to the University for scholarships, academic programs, research, facilities, faculty and other initiatives of the University. X true true X X false false false false false false false false false Deborah Shaffer Treasurer & CFO (Partial Year) 0 343572 0 0 0 52138 0 114265 0 540 0 510515 0 0 Nico Karagosian President & CEO 311838 0 0 0 9600 0 31098 0 38780 0 391316 0 0 0 Candice Casto Treasurer & CFO 160345 0 0 0 0 0 23645 0 36890 0 220880 0 0 0 Hugh Sherman Trustee 0 419813 0 0 0 31158 0 26733 0 26198 0 503902 0 0 Mei Wei Dean, Russ College of Engineering and Technology 0 311825 0 0 0 0 0 23491 0 36169 0 371485 0 0 Major Alston Senior Associate VP Advancement and Campaign Director 184112 0 0 0 4094 0 26957 0 36230 0 251393 0 0 0 David Gaume Chief Investment Officer 264335 0 100 0 0 0 31098 0 36230 0 331763 0 0 0 Teri Gartland Assistant VP, Development 147696 0 0 0 0 0 18048 0 36169 0 201913 0 0 0 Joseph Pauwels Associate VP, Advancement Svcs 142192 0 260 0 0 0 21286 0 37595 0 201333 0 0 0 Erin Essak Kopp Assistant VP Alumni Relations/ Exec Director OHIO Alumni Association 153998 0 0 0 0 0 21857 0 11338 0 187193 0 0 0 Kelli Kotowski Assistant Vice President, Gift Planning 151787 0 5 0 0 0 21771 0 12726 0 186289 0 0 0 M Duane Nellis Trustee (Former) 0 522507 0 0 0 139742 0 83705 0 17237 0 763191 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The University provided a housing allowance for Dr. M. Duane Nellis, for support of his personal residence and in his capacity as President of the University. This benefit is reported as taxable compensation. Schedule J, Part I, Line 3 Method for establishing compensation The University's process for establishing the compensation for President and CEO, Nico Karagosian, included contracting with an executive search firm that provided a compensation analysis based on review of similar sized organizations and positions. In addition, CUPA-HR data was reviewed for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. X 4 3787846 Opinions of experts X 4174 Market value X 107 2066320 Market value X 1 1022 Market value X 3 100496 Market value X Courseware 1 85500 Market value X Software Licenses 2 11244776 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - Number of contributions Books and publications - Number of contributions Securities - Publicly traded - Number of contributions Food inventory - Number of contributions Drugs and medical supplies - Number of contributions Other - Courseware Number of contributions Other - Software Licenses Number of contributions Form 990, Part V, Line 2a Common paying agent for employees Ohio University (OU) EIN 31-6402113 is the common paying agent for Ohio University Foundation (OUF). Therefore, all applicable IRS tax compliance filings are reported by OU on behalf of OUF. The number of W-2s reported on Form W-3 by OU was 12,113 of which the number of W-2s reported and filed for 2022 by OU for OUF, was approximately 105. Form 990, Part V, Line 1a Common Paying Agent for Independent Contractors Ohio University (OU) EIN 31-6402113 is the common paying agent for Ohio University Foundation (OUF). Therefore, all applicable IRS tax compliance filings are reported by OU on behalf of OUF. The number of 1099s reported on Form 1098 by OU on behalf of OUF was 131. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES The University's process for establishing the compensation for Treasurer & CFO Candice Casto (whose term was effective August 31, 2021) and Ohio University President Hugh Sherman included a review of CUPA-HR data for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. A compensation study conducted during fiscal year 2021 confirmed that this compensation is still aligned with national averages of similar sized organizations and positions. Form 990, Part VI, Line 4 Significant changes to organizational documents In fiscal year 2022, Leadership of Ohio University and The Ohio University Foundation established a position that is separate and distinct from the position of Vice President of Finance and Administration and CFO of Ohio University. The Foundation's Board of Trustees amended the Foundation's Code of Regulations in order to confer Ex Officio Foundation Trusee status to both the University CFO and the Foundation CFO. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 AND SUPPLEMENTAL SCHEDULES WERE REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND AUDIT COMMITTEE, THEN PROVIDED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The conflict of interest policy for The Foundation covers all members of the Board of Trustees. The policy requires that all potential conflicts be presented to the Chairperson of The Foundation for purposes of review and possible remedial or management action, including the removal of a trustee, and further requires such conflicts be updated annually. Remedial or management action could include, but not be limited to, full disclosure, refusal and abstention in discussions and votes, and ending of the conflict of interest circumstances. In cases where an actual or potential conflict of interest cannot be resolved by remedial or management action, the Trustee will be removed from his/her position. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Ohio University Foundation is a component unit of Ohio University (the University) and compensation is established by the University. The University's process for establishing the compensation for President and CEO, Nico Karagosian, included contracting with an executive search firm that provided a compensation analysis based on review of similar sized organizations and positions. In addition, CUPA-HR data was reviewed for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Ohio University Foundation is a component unit of Ohio University (the University) and compensation is established by the University. The University's process for establishing the compensation for Treasurer & CFO Candice Casto (whose term was effective August 31, 2021) and Ohio University President Hugh Sherman included a review of CUPA-HR data for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. A compensation study conducted during fiscal year 2021 confirmed that this compensation is still aligned with national averages of similar sized organizations and positions. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. Governing documents and conflict of interest policies are not routinely made available to the public at this time. However, the Foundation's audited financial statements are available to the public via a website maintained by Ohio University. Also, as the Foundation is affiliated with Ohio University, which is subject to Ohio's public records law, the Foundation's financial statements, governing documents, and conflict of interest policies are made available in response to appropriate public records requests. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - -2554110; Uncollectible pledges written off - -129390; Fritz J and Dolores H Russ Holdings LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 0 328903 The Ohio University Foundation Russ Research Center LLC Ohio University 50 University Terrace Athens OH 45701 R&D OH 1171375 3436159 Fritz J and Dolores H Russ Holdings LLC Russ North Valley Road LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 0 0 Fritz J and Dolores H Russ Holdings LLC Russ Center North LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 0 875492 FRITZ J AND DELORES H RUSS HOLDINGS LLC Ohio University Foundation Real Estate LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 71232 2633946 The Ohio University Foundation Ohio University Cutler Hall Room 108 Athens OH 45701 316402113 University OH NA false The Sugar Bush Foundation 50 University Terrace Athens OH 45701 204352434 Supporting Foundation OH 501(c)(3) Type I The Ohio University Foundation true Inn-Ohio of Athens Inc 331 Richland Avenue Athens OH 45701 311190088 Hotel/Conference OH NA C Corporation 6263447 7284715 1 true Scholarship Trust Fund OUF PO Box 869 Athens OH 45701 206887884 Provide Scholarships OH NA Trust true Charitable Remainder Trust (CA-1) N/A CA NA Trust true Charitable Remainder Trust (FL-1) N/A FL NA Trust true Charitable Remainder Trust (GA-1) N/A GA NA Trust true Charitable Remainder Trust (MD-1) n/a MD NA Trust true Charitable Remainder Trust (OH-10) N/A OH NA Trust true false true true false true false false false false true true true true true true true true true true The Sugar Bush Foundation C 310866 Cash The Sugar Bush Foundation L 62173 Cash