2022-05-13T09:42:22-05:00 2021-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2020-07-01 356024566 BALL STATE UNIVERSITY FOUNDATION INC % AMY MCCLURE BALL 7652858312 2800 W BETHEL AVENUE MUNCIE IN 47304 JEAN CROSBY PRESIDENT 2604604000 2022-05-16 true JEAN CROSBY 999009999 Lauren R Denton P01571860 2604604000 2 2020 2022-09-23 18:48:47Z JEAN KRAMER CROSBY PRESIDENT 2800 W BETHEL AVENUE MUNCIE IN 47304 227749075 false X WWW.BSU.EDU/BSUFOUNDATION/ X 1950 IN TO MAXIMIZE SUSTAINABLE SUPPORT FOR BALL STATE UNIVERSITY BY OBTAINING, INVESTING, AND ADMINISTERING GIFT SUPPORT AND PRUDENTLY DISCHARGING ITS FIDUCIARY OBLIGATIONS. 33 28 165 30 -69365 0 24236059 33335203 0 0 1265727 2032980 125484 110684 25627270 35478867 12491357 16161904 0 0 5851382 5647069 0 0 2984769 3583513 2750083 21926252 24559056 3701018 10919811 262845495 330356166 24398991 17171758 238446504 313184408 X OUR MISSION IS TO MAXIMIZE SUSTAINABLE SUPPORT FOR BALL STATE UNIVERSITY BY OBTAINING, INVESTING, AND ADMINISTERING PRIVATE GIFT SUPPORT AND PRUDENTLY DISCHARGING ITS FIDUCIARY OBLIGATIONS TO THE UNIVERSITY, DONORS, AND DESIGNATED BENEFICIARIES. THE BALL STATE UNIVERSITY FOUNDATION WILL SUPPORT THE CONTINUING DEVELOPMENT OF BALL STATE UNIVERSITY BY CONTINUING TO BE A FOUNDATION OF EXCELLENCE, PROMOTING AND FACILITATING A CULTURE OF PHILANTHROPY, SERVICE, VOLUNTEER LEADERSHIP, AND EXEMPLARY FIDUCIARY RESPONSIBILITY. false false 3511410 3511410 SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. 7483399 7483399 SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS. 6534504 5167095 SUPPORT IS PROVIDED TO BALL STATE UNIVERSITY IN THE FOLLOWING AREAS ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, FACULTY SUPPORT, RESEARCH, FACULTY AND STUDENT RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONSHIPS, ARTWORK, LIBRARY MATERIALS, AND ATHLETICS. THESE PROGRAMS SERVE TO ENHANCE THE EDUCATIONAL EXPERIENCE. 17529313 true true false true false false false false false true true true false false true false false true false false true false false false true false false true false true false false false false false false true false true true false false false true true true false false true 42 0 165 true true true false false false false true true false false false false false false X 33 28 false false true false false false false true true false false true true true true true true true false false IN X X AMY MCCLURE 7652858312 2800 WEST BETHEL AVENUE MUNCIE IN 47304 GEOFFREY MEARNS VICE CHAIR AND PRESIDENT 1.0 54.0 X X 0 498600 56357 ALAN FINN VP OF FINANCE AND TREASURER 1.0 54.0 X X 0 285537 24237 JEAN KRAMER CROSBY PRESIDENT 51.0 4.0 X X 244989 0 29001 DAVID MARK HELMUS CHIEF ADVANCEMENT OFFICER 51.0 4.0 X 215106 0 27591 JAMES ACTON SENIOR ASSOCIATE VP ALUMNI ENG 4.0 51.0 X 0 152135 14348 THOMAS HECK LEFT 072020 CHIEF INVESTMENT OFFICER 51.0 4.0 X 137598 0 19249 STEPHEN WACHTMANN ASSOC VP OF FINANCE&TREASURER 51.0 4.0 X 123560 0 21983 JACOB LOGAN FORMER PRESIDENT 0.0 0.0 X 101392 0 7537 BETH ALEXANDER ASSISTANT SECRETARY 51.0 4.0 X 2071 0 110 PATRICK ALDERDICE BOARD MEMBER 1.0 0.0 X 0 0 0 KATHERINE ARBUCKLE BOARD MEMBER 1.0 0.0 X 0 0 0 VINCE BERTRAM BOARD MEMBER 1.0 0.0 X 0 0 0 KENNETH BRINER BOARD MEMBER 1.0 1.0 X 0 0 0 THOMAS BRYAN BOARD MEMBER 1.0 0.0 X 0 0 0 MARSHA CASEY BOARD MEMBER 1.0 0.0 X 0 0 0 E RENAE CONLEY BOARD MEMBER 1.0 0.0 X 0 0 0 MARTHA DE LAURENTIIS BOARD MEMBER 1.0 0.0 X 0 0 0 W CRAIG DOBBS BOARD MEMBER 1.0 0.0 X 0 0 0 DONALD DUMOULIN II BOARD MEMBER 1.0 0.0 X 0 0 0 JO ANN GORA BOARD MEMBER 1.0 0.0 X 0 0 0 JULIE GRIFFITH SECRETARY 1.0 2.0 X X 0 0 0 JORGE GUTIERREZ BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES HARPER BOARD MEMBER 1.0 1.0 X 0 0 0 DAVID HEETER BOARD MEMBER 1.0 0.0 X 0 0 0 SHERI KENDALL BOARD MEMBER 1.0 0.0 X 0 0 0 THOMAS KINGHORN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL MCDANIEL BOARD MEMBER 1.0 0.0 X 0 0 0 LARRY METZING BOARD MEMBER 1.0 0.0 X 0 0 0 MATTHEW MOMPER BOARD MEMBER 1.0 0.0 X 0 0 0 RANDY PHILLIPS BOARD MEMBER 1.0 0.0 X 0 0 0 RANDALL POND BOARD MEMBER 1.0 2.0 X 0 0 0 MICHAEL RAY CHAIR-ELECT 1.0 2.0 X X 0 0 0 LARRY RILEY BOARD MEMBER 1.0 0.0 X 0 0 0 SCOTT SAXMAN BOARD MEMBER 1.0 0.0 X 0 0 0 ANTHONY SMITH BOARD MEMBER 1.0 0.0 X 0 0 0 MARLA TEMPLETON CHAIR 1.0 2.0 X X 0 0 0 DANIEL TOWRISS BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 KYLE WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 824716 936272 200413 5 true true false BKD LLP 201 N ILLINOIS ST STE 700 INDIANAPOLIS IN 46204 ACCOUNTING SERVICES 110520 PLEDGEMINE 4630 WEAVER PKWY WARRENVILLE IL 60555 MEDIA SERVICES 110150 2 990520 32344683 4271977 33335203 0 402074 -69365 471439 0 0 0 0 0 193885420 192254514 1630906 1630906 1630906 126378 15694 110684 110684 0 0 0 0 0 0 0 35478867 -69365 2213029 16161904 16161904 0 0 0 421714 250953 170761 172931 172931 3637849 2173590 1464259 406277 254415 151862 716984 448983 268001 291314 182424 108890 0 47980 27828 20152 117890 117890 5008 5008 0 1367409 1367409 0 0 261403 70044 191359 404219 5788 398431 0 91944 89260 2684 49 15 34 0 25571 17021 8550 36331 36331 0 137912 27483 110429 85882 85882 DONOR CULTIVATION 83491 5356 78135 COMMEMORATIVE ITEMS 84580 78744 5836 MISCELLANEOUS 414 36 378 24559056 17529313 4044974 2984769 X 0 0 790672 2684117 14053426 22897553 9880746 10127822 0 0 0 0 0 0 0 0 67023 59947 2436028 2111497 455406 324531 8441000 199870210 215844175 80042847 0 0 0 0 13313047 14349139 262845495 330356166 1925787 1187908 2907660 3295053 0 0 0 0 0 0 0 0 16325000 9375000 0 0 3240544 3313797 24398991 17171758 X -7622058 20700224 246068562 292484184 238446504 313184408 262845495 330356166 X 10919811 62711533 1106560 X false true X true false X 14942667 20021512 18958454 24236059 33335203 111493895 0 0 14942667 20021512 18958454 24236059 33335203 111493895 8334594 103159301 390569 50434 210518 45009 402074 1098604 0 85028 107889 205749 167233 126378 692277 113284776 0.91062 0.87979 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5008 5008 false PART II-B, LINE 1i A PORTION OF THE DUES PAID TO VINCENNES UNIVERSITY FOUNDATION ARE IN SUPPORT OF LOBBYING EFFORTS FOR HIGHER EDUCATION. 205878913 7150360 32708200 3278231 242459242 203245977 5089651 2447736 4904451 205878913 203275470 5205740 2134559 7369792 203245977 190769679 7628411 11080792 6203412 203275470 178178935 3528040 14294635 5231931 190769679 0.06000 0.30000 0.64000 false false 84575 99770 184345 181900 87469 94431 2069783 2024028 45755 324531 HEDGE FUNDS 30446 F REAL ESTATE 12616451 F NATURAL RESOURCES 2349314 F PRIVATE EQUITY & VENTURE CAP. 65046636 F 80042847 0 ANNUITY OBLIGATIONS 2536498 TRUST OBLIGATIONS 777299 3313797 97984496 62750784 1122254 63873038 34111458 1367409 1367409 35478867 23207341 15694 15694 23191647 1367409 1367409 24559056 SCHEDULE D, PART V, LINE 4 THE FOUNDATION IS THE BENEFICIARY OF CHARITABLE REMAINDER TRUSTS AND VARIOUS PERPETUAL TRUSTS ADMINISTERED BY OUTSIDE PARTIES. THE FOUNDATION'S ENDOWMENT CONSISTS OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS AND FINANCIAL AID EXPENSES, FACULTY COMPENSATION AND SUPPORT EXPENSES, ACADEMIC PROGRAM EXPENSES, RESEARCH EXPENSES, PUBLIC SERVICE EXPENSES, ATHLETICS, RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK, LIBRARY MATERIALS AND OTHER PROGRAMS MANAGED PER THE DONOR AGREEMENT. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND OTHER ITEMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT. SCHEDULE D, PART X, LINE 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. SCHEDULE D, PART XI, LINE 2D SPECIAL EVENTS EXPENSE $ 15,694 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 530,406 CHANGE IN DONOR ALLOCATION $ 576,154 TOTAL $ 1,122,254 SCHEDULE D, PART XII, LINE 2D SPECIAL EVENTS EXPENSE $ 15,694 Central America and the Caribbean Investments 30446 Europe (Including Iceland and Greenland) Investments 395376 425822 425822 true false true true true false PART I LINE 3 THE EXPENDITURES REPORTED ARE THE TOTAL VALUE OF INVESTMENTS HELD BY BALL STATE UNIVERSITY FOUNDATION IN REGIONS OUTSIDE THE UNITED STATES. GOLF OUTINGS 65485 65485 14174 SALE OF APPAREL 6710 6710 1520 4 54183 54183 126378 126378 15694 15694 110684 true Ball State University 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 3814699 SCHOLARSHIPS BALL STATE UNIVERSITY 2000 W UNIVERSITY AVENUE MUNCIE IN 47306 356000221 115 12347205 GENERAL SUPPORT 1 Procedures for Monitoring the use of grant funds IN U.S. SUPPORT TO BALL STATE UNIVERSITY IS PROVIDED THROUGH TRANSFER OF CASH OR NONCASH ITEMS. THE USE OF THE SUPPORT IS SPECIFIED AT THE TIME OF THE TRANSFER. SCHOLARSHIPS ARE PROVIDED TO BALL STATE UNIVERSITY TO BE APPLIED AS A CREDIT TO THE STUDENT ACCOUNT. THE FOUNDATION AND THE UNIVERSITY RECONCILE THEIR ACCOUNTS TO BE SURE THAT ALL ITEMS WERE RECORDED PROPERLY. X X X X true true X false false false false false false false false false GEOFFREY MEARNS VICE CHAIR AND PRESIDENT 0 469121 0 0 0 29479 0 52338 0 4019 0 554957 ALAN FINN VP OF FINANCE AND TREASURER 0 285537 0 0 0 0 0 14538 0 9699 0 309774 JEAN KRAMER CROSBY PRESIDENT 243455 0 1534 0 0 0 25596 0 3405 0 273990 0 DAVID MARK HELMUS CHIEF ADVANCEMENT OFFICER 213041 0 2065 0 0 0 22745 0 4846 0 242697 0 JAMES ACTON SENIOR ASSOCIATE VP ALUMNI ENG 0 150788 0 0 0 1347 0 8048 0 6300 0 166483 THOMAS HECK LEFT 072020 CHIEF INVESTMENT OFFICER 121376 2080 14142 15369 3880 156847 JACOB LOGAN FORMER PRESIDENT 93066 0 0 0 8326 0 4808 0 2729 0 108929 0 SCHEDULE J, PART I, LINE 1A CHARTER TRAVEL AND TRAVEL FOR COMPANIONS IS A BENEFIT MADE AVAILABLE TO SELECT OFFICERS AND DIRECTORS WHEN THERE IS ROOM AVAILABLE ON THE CHARTER PLANE USED BY THE ATHLETIC DEPARTMENT. THIS USE IS ONLY FOR BUSINESS PURPOSES. COUNTRY CLUB DUES WERE PROVIDED FOR SELECT OFFICERS AND DIRECTORS FOR BUSINESS USE. PERSONAL USE IS TAXED AND GROSSED UP ON THE W-2. KELSEY KELLY DAUGHTER OF DON DUMOULIN 82877 PAYROLL false DEBORAH LINEGAR DAUGHTER OF TOM KINGHORN 90054 PAYROLL false X 8 1387950 APPRAISAL X 7478 FAIR MARKET VALUE X 45 2866649 NYSE QUOTE X WEBER GRAND PIANO 1 2400 DONOR X 1000 PILLOWS 1 7500 DONOR false true false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART 1, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART IV QUESTION 12 & PART XII QUESTION 2 THE AUDITED FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON A CONSOLIDATED BASIS WITH CARDINAL FUNDS, AND CARDINAL PROPERTIES, AND COMBINED WITH BALL STATE UNIVERSITY ALUMNI ASSOCIATION, INC. BALL STATE UNIVERSITY FOUNDATION HAS ESTABLISHED A COMMITTEE FOR THE OVERSIGHT OF THE AUDIT. FORM 990, PART VI, QUESTION 1B AS OF 6/30/2021, JEAN K. CROSBY IS A PAID EMPLOYEE OF BALL STATE UNIVERSITY FOUNDATION. GEOFFREY MEARNS AND ALAN FINN ARE PAID EMPLOYEES OF BALL STATE UNIVERSITY, A RELATED ORGANIZATION. TOM KINGHORN AND DON DUMOULIN BOTH HAVE BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS REPORTED ON SCHEDULE L. THESE FIVE INDIVIDUALS ARE CONSIDERED NON-INDEPENDENT. FORM 990, PART VI, SECTION A, LINE 4 THE COMPENSATION COMMITTEE WAS REMOVED. THE FORMER DUTIES OF THE COMPENSATION COMMITTEE ARE NOW CARRIED OUT BY A RELATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND RELATED SCHEDULES ARE APPROPRIATELY REVIEWED BY THE AUDIT COMMITTEE AND AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 AND SCHEDULES ARE THEN PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY EVERY OFFICER, DIRECTOR AND KEY EMPLOYEE. THE QUESTIONNAIRE REQUIRES ALL INTERESTED PERSONS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. UPON DISCLOSURE OF AN INTEREST, THE BOARD DISCUSSES THE POTENTIAL CONFLICT WITHOUT THE INTERESTED PERSON PRESENT TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. THE BOARD THEN DETERMINES THE APPROPRIATE ACTION AFTER ANALYZING THE CONFLICT, INCLUDING RECUSAL FROM DISCUSSIONS RELATING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A AN ANNUAL REVIEW IS PERFORMED FOR THE PRESIDENT. THIS REVIEW ANALYZES COMPENSATION AS WELL AS GOALS AND OBJECTIVES SET FORTH AND ACCOMPLISHED. A COMPARABILITY STUDY IS PERFORMED WITH INFORMATION FROM FORM 990S OF SIMILAR ORGANIZATIONS. THE INFORMATION COLLECTED IS REVIEWED BY THE BALL STATE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 BALL STATE UNIVERSITY FOUNDATION MAKES GOVERNING DOCUMENTS, FORM 990, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART X IN OCTOBER 2020, THE FOUNDATION SELECTED A NEW INVESTMENT ADVISOR THAT ASSUMED THE OUTSOURCED CHIEF INVESTMENT OFFICER RESPONSIBILITIES. THE NEW ADVISOR CONTRIBUTED TO THE CHANGE IN THE INVESTMENT PORTFOLIO AND CLASSIFICATIONS WHICH LED TO THE DIFFERENCES ON LINES 11 AND 12 OF THE BALANCE SHEET WHEN COMPARING THE BEGINNING OF THE YEAR BALANCE AND THE END. FORM 990, PART XI RECONCILIATION OF NET ASSETS CHANGE IN DONOR ALLOCATION $ 530,406 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 576,154 TOTAL $ 1,106,560 BALL STATE UNIVERSITY 2000 W UNIVERSITY MUNCIE IN 47304 356000221 EDUCATION IN 115 NA false CARDINAL FUNDS 2800 WEST BETHEL AVENUE MUNCIE IN 47304 205733080 INVESTMENTS IN 501(C)(3) 7 NA true CARDINAL PROPERTIES 2800 WEST BETHEL AVENUE MUNCIE IN 47304 201872207 REAL ESTATE IN 501(C)(3) 12A NA true BALL STATE UNIVERSITY ALUMNI ASSOCIATION 2000 W UNIVERSITY MUNCIE IN 47304 270458828 ALUMNI SPT IN 501(C)(3) 5 NA false CHARITABLE REMAINDER TRUSTS (5) CHARITABLE TR IN NA false true true false false false false false false false true false false true true true false false false CARDINAL PROPERTIES B 246000 FMV CARDINAL FUNDS C 387393 FMV BALL STATE UNIVERSITY K 54830 FMV BALL STATE UNIVERSITY C 990520 FMV