2022-02-03T19:55:40-06:00 2021-06-30 135565207 KPMG LLP 1918 EIGHTH AVENUE SUITE 2900 SEATTLE WA 98101 990 2020-07-01 930619733 PORTLAND STATE UNIVERSITY FOUNDATION PORT 5037255863 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 STACEY HENRIQUEZ CFO 5037255863 2022-01-28 0 STACEY HENRIQUEZ 999009999 SUE ROBISON P00560072 2069134000 2022-02-03 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z STACEY HENRIQUEZ 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 33653492 0 X WWW.PSUF.ORG X 1963 OR TO INSPIRE DONORS, ENGAGE ALUMNI AND COMMUNITY, AND STEWARD RESOURCES TO SUPPORT AND (CONT. ON SCH O) ENHANCE PORTLAND STATE UNIVERSITY'S VITAL IMPACT. 30 30 82 0 0 0 16256157 22351072 8408820 7862998 7451537 3414241 -437109 -123283 31679405 33505028 15696434 16664213 0 0 7343965 6549819 0 0 4424235 1909935 1262800 24950334 24476832 6729071 9028196 145623892 168578328 9053740 7086068 136570152 161492260 X SEE SCHEDULE O 0 0 17298041 16664213 7862998 THE FOUNDATION SUPPORTS PORTLAND STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, SUPPPORTING FACULTY RESEARCH AND INSTRUCTION, ENHANCING FACILITIES, AND NURTURING NEW PROGRAMS. DURING THE YEAR ENDED JUNE 30, 2021, THE FOUNDATION AWARDED $16,664,213 TO THE UNIVERSITY; $4,821,726 FOR SCHOLARSHIPS AND FELLOWSHIPS, $4,311,116 FOR CAPITAL PROJECTS, $7,413,769 FOR ACADEMIC SUPPORT, AND $117,602 FOR ADMINISTRATIVE SUPPORT 17298041 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 404 2 82 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OR X X STACEY HENRIQUEZ 5037255863 1600 SW 4TH AVE PORTLAND OR 97201 WILLIAM BOLDT FORMER PRESIDENT/CEO 40.00 0.25 X 415397 0 26256 SARAH SCHWARZ PRESIDENT/CEO 40.00 0.25 X 270918 0 48713 ANASTASIA HENRIQUEZ CHIEF FINANCIAL AND ADMIN. OFFICER 40.00 0.25 X 197052 0 28539 BRIAN HESS VICE PRESIDENT OF DEVELOPMENT 40.00 0.00 X 170521 0 37188 CATHERINE SOULAGES VICE PRESIDENT OF ENGMT. & COMMNS. 40.00 0.00 X 160657 0 24302 DAWN THOMASON SENIOR DIRECTOR OF HR/TM/OPS 40.00 0.00 X 156801 0 13208 JAYMEE JACOBY ASST.VP OF DEVEL.,SCHOOLS & UNITS 40.00 0.00 X 118514 0 31972 KRISTEN NORQUIST SENIOR DIRECTOR OF DEVELOPMENT MCECS 40.00 0.00 X 122096 0 27038 KARIN TRUMBO ASST. VP DEVEL. PRIN. GIFT & P G 40.00 0.00 X 116027 0 27590 MARY CONIGLIO EXECUTIVE DIRECTOR ALUMNI RELATIONS 40.00 0.00 X 112440 0 31045 MICHELLE JENSON DIRECTOR OF FINANCE AND ACCOUNTING 40.00 0.00 X 102804 0 30835 CATHERINE INGVALDSEN SENIOR DIRECTOR OF DEVELOPMENT CLAS 40.00 0.00 X 111799 0 18706 DON VOLLUM CHAIR 1.00 0.00 X 0 0 0 KEREN BROWN WILSON VICE CHAIR 1.00 0.00 X 0 0 0 AL BARKOULI TREASURER 1.00 0.00 X 0 0 0 LINDA WILLIAMS SECRETARY 1.00 0.00 X 0 0 0 WALLY VAN VALKENBURG TRUSTEE 1.00 1.00 X 0 0 0 CARY JACKSON TRUSTEE 1.00 0.00 X 0 0 0 TERRY PINNELL TRUSTEE 1.00 0.00 X 0 0 0 RICHARD SOLOMON TRUSTEE 1.00 0.00 X 0 0 0 BARRE STOLL TRUSTEE 1.00 0.00 X 0 0 0 ROSS LIENHART TRUSTEE 1.00 1.00 X 0 0 0 MARCIA MASON TRUSTEE 1.00 0.00 X 0 0 0 PAUL SCHLESINGER TRUSTEE 1.00 0.00 X 0 0 0 HERMANN COLAS JR TRUSTEE 1.00 0.00 X 0 0 0 GARY CUMPSTON TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL DE VOE TRUSTEE 1.00 0.00 X 0 0 0 MARY DICK TRUSTEE 1.00 0.00 X 0 0 0 JEFF EULBERG TRUSTEE 1.00 0.00 X 0 0 0 TOM FINK TRUSTEE 1.00 0.00 X 0 0 0 JARED HOLUM TRUSTEE 1.00 0.00 X 0 0 0 KRISTEN KERN TRUSTEE 1.00 0.00 X 0 0 0 JOE MCFERRIN II TRUSTEE 1.00 0.00 X 0 0 0 PAULA KINNEY TRUSTEE 1.00 1.00 X 0 0 0 MARK MILLER TRUSTEE 1.00 0.00 X 0 0 0 CHRISTINE NICKERSON TRUSTEE 1.00 0.00 X 0 0 0 JON OWENS TRUSTEE 1.00 0.00 X 0 0 0 STEVE PETRUZELLI TRUSTEE 1.00 0.00 X 0 0 0 MIKE RICHARDSON TRUSTEE 1.00 0.00 X 0 0 0 CHARLENE ZIDELL TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN PERCY TRUSTEE 1.00 0.00 X 0 0 0 ERIC S BROWN TRUSTEE 1.00 0.00 X 0 0 0 2055026 0 345392 12 1 1 0 SELLWOOD CONSULTING LLC 6650 SW REDWOOD LANE SUITE 370 PORTLAND OR 97224 INVESTMENT MANAGEMENT SERVICES 127443 1 811672 21539400 1691162 22351072 CONTRACT SERVICE REVENUE 541900 6951881 6951881 OTHER PROGRAM SERVICE REVENUE 900099 641755 641755 SPECIAL EVENTS 900099 269362 269362 7862998 3414241 3414241 25181 811672 148464 -123283 -123283 33505028 7862998 0 3290958 16664213 16664213 2044240 252688 477187 1314365 3030346 201274 1133694 1695378 415072 34876 139963 240233 603711 79429 186502 337780 456450 44861 141062 270527 43321 43321 73094 73094 357929 252431 105498 29676 11333 17931 412 62381 8082 19567 34732 3774 3639 135 1688 709 979 104674 37412 67262 27778 10753 17025 OTHER 551838 935 216753 334150 MEALS AND ENTERTAINMENT 5349 171 5178 MAINTENANCE AND REPAIRS 1298 350 367 581 24476832 17298041 2754556 4424235 28 0 9504776 11371661 15959680 16092524 4139 0 120063 58237 1867288 1611182 336815 256106 116229981 138914310 1151094 1151094 2317316 734396 145623892 168578328 4451324 1960511 84494 10000 4517922 5115557 9053740 7086068 X 6794345 9728475 129775807 151763785 136570152 161492260 145623892 168578328 9028196 15893912 0 X 0 1 X 1 0 X 33281573 30678005 21481693 16256157 22351072 124048500 33281573 30678005 21481693 16256157 22351072 124048500 13482490 110566010 6875157 4816343 2504404 7451537 3414241 25061682 342002 444456 345240 191437 25181 1348316 150458498 41465273 0.73490 0.73280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2016 AMOUNT: $ 342,002. 2017 AMOUNT: $ 444,456. 2018 AMOUNT: $ 345,240. 2019 AMOUNT: $ 191,437. 2020 AMOUNT: $ 25,181. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79122216 7054816 19297080 1617638 1129959 102726515 80100328 1885150 718418 2499988 1081692 79122216 76417691 3409040 3328422 2026565 1028260 80100328 68503385 7430763 3706348 2361815 860990 76417691 58371675 6417865 6712006 2193081 805080 68503385 0.12650 0.72290 0.15060 0 0 573559 331304 242255 1293729 1279878 13851 256106 ENDOWMENTS HELD FOR PSU 2887542 OBLIGATIONS TO TRUST BENEF. 2228015 5115557 49547404 15893912 148464 16042376 33505028 0 33505028 24625296 148464 148464 24476832 0 24476832 PART XI, LINE 2D - OTHER ADJUSTMENTS: $148,464 RECLASS OF FUNDRAISING DIRECT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: $148,464 RECLASS OF FUNDRAISING DIRECT EXPENSES PART V, LINE 4 ENDOWMENT FUNDS ENDOWMENT FUNDS ARE USED FOR SPECIFIC CHARITABLE PURPOSES DESIGNATED BY DONORS (E.G. PRIMARILY FOR SCHOLARSHIPS, FELLOWSHIPS, CAPITAL PROJECTS, AND SUPPORT OF ACADEMIC PROGRAMS). NONE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART III ACCOUNTING METHOD: WINE AND ROSES 153791 139181 14610 3300 0 4341 AWARDS DINNER 387801 378078 9723 80 9723 58877 38756 9 295261 294413 848 1593 0 31794 836853 811672 25181 80 14616 58877 74891 148464 -123283 1 PORTLAND STATE UNIVERSITY PO BOX 751 PORTLAND OR 97207 936001786 OREGON 16664213 SEE SCH. I, PART IV 1 SCHEDULE I, PART I, LINE 1 GRANT FUNDS THE FOUNDATION EXISTS TO SUPPORT THE UNIVERSITY BY PROVIDING GRANTS IN THE FORM OF SCHOLARSHIPS AND FELLOWSHIPS, ACADEMIC SUPPORT, CAPITAL PROJECTS, AND ADMINISTRATIVE SUPPORT. TO ENSURE THAT GRANT FUNDS ARE EXPENDED FOR THE INTENDED PURPOSES, THE FOUNDATION APPROVES GRANT DISBURSEMENTS TO THE UNIVERSITY ONLY WHEN PROPER SUPPORTING DOCUMENTATION AND AUTHORIZATION BY DEPARTMENT HEADS ARE OBTAINED AND WHEN THE EXPENDITURE SATISFIES THE RESTRICTED PURPOSES IMPOSED BY DONORS AND FURTHERS THE EXEMPT MISSION OF THE FOUNDATION. BECAUSE SUPPORTING DOCUMENTATION AND AUTHORIZATION IS CAREFULLY EXAMINED BEFORE THE GRANT IS GIVEN AND THE PURPOSES FOR THE GRANT ARE KNOWN BEFORE IT IS AWARDED, NO ADDITIONAL FOLLOW UP IS PERFORMED TO FIND OUT HOW THE GRANT WAS USED. PART II, LINE 1, COLUMN H PURPOSE OF GRANT GRANTS TO THE UNIVERSITY ARE PROVIDED FOR SCHOLARSHIPS, FELLOWSHIPS,CAPITAL PROJECTS, ACADEMIC SUPPORT, AND ADMINISTRATIVE SUPPORT. X 0 1 X X X X 1 1 0 0 0 0 0 0 0 WILLIAM BOLDT FORMER PRESIDENT/CEO 156899 0 0 0 258498 0 18624 0 7632 0 441653 0 0 0 SARAH SCHWARZ PRESIDENT/CEO 270878 0 0 0 40 0 28598 0 20115 0 319631 0 0 0 ANASTASIA HENRIQUEZ CHIEF FINANCIAL AND ADMIN. OFFICER 176512 0 20500 0 40 0 20930 0 7609 0 225591 0 0 0 BRIAN HESS VICE PRESIDENT OF DEVELOPMENT 170481 0 0 0 40 0 17304 0 19884 0 207709 0 0 0 CATHERINE SOULAGES VICE PRESIDENT OF ENGMT. & COMMNS. 160617 0 0 0 40 0 16789 0 7513 0 184959 0 0 0 DAWN THOMASON SENIOR DIRECTOR OF HR/TM/OPS 72928 0 0 0 83873 0 10065 0 3143 0 170009 0 0 0 JAYMEE JACOBY ASST.VP OF DEVEL.,SCHOOLS & UNITS 118474 0 0 0 40 0 12329 0 19643 0 150486 0 0 0 PART I, LINE 1.A. SOCIAL CLUB FEES TOTALING $1,488 WERE PAID ON BEHALF OF WILLIAM BOLDT IN THE CALENDAR YEAR PART I, LINE 4.A. SEVERANCE TOTALING $287,540 WAS PAID TO THE FOLLOWING FORMER EMPLOYEES IN THE CALENDAR YEAR: WILLIAM BOLDT - $212,953, DAWN THOMASON - $74,587 PART I, LINE 4.B. WILLIAM BOLDT PARTICIPATED IN A NONQUALIFIED EXECUTIVE DEFERRED COMPENSATION PLAN IN THE CALENDAR YEAR. X 47 1691162 AVG HIGH/LOW PRICE 0 1 1 PART I, LINE 32B THIRD PARTIES OR RELATED ORGANIZATIONS THE FOUNDATION OCCASIONALLY RECEIVES NONCASH CONTRIBUTIONS OF REAL OR PERSONAL PROPERTY AND USES A THIRD PARTY, SUCH AS A REAL ESTATE BROKER OR AUCTIONEER, TO DISPOSE OF THE ASSETS AND CONVERT THEM TO CASH. PART II, COLUMN B NUMBER OF CONTRIBUTIONS THE AMOUNTS REPORTED IN PART I, COLUMN (B), ARE THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1 DESCRIPTION OF ORGANIZATION MISSION FOUNDED IN 1963, PSU FOUNDATION RAISES AND MANAGES PHILANTHROPIC CONTRIBUTIONS TO PORTLAND STATE UNIVERSITY, OREGON'S ONLY URBAN PUBLIC RESEARCH UNIVERSITY. OVER THE LAST TWO DECADES, THE FOUNDATION HAS TRANSFERRED OVER TO $350 MILLION TO PSU TO SUPPORT STUDENT AND FACULTY SUCCESS, PROGRAM DEVELOPMENT, AND CAPITAL CONSTRUCTION. SERVING CLOSE TO 24,000 STUDENTS A YEAR, PSU IS PORTLAND'S MOST VIBRANT RESOURCE FOR LEARNING, SCHOLARSHIP, RESEARCH, CREATIVITY, CULTURE AND WORKFORCE DEVELOPMENT. A LEGACY OF EDUCATIONAL ACCESS AND URBAN PARTNERSHIP IS CENTRAL TO PSU'S MISSION - AND THE REASON IT IS REPEATEDLY NAMED ONE OFTHE MOST INNOVATIVE COLLEGES IN THE NATION BY U.S. NEWS AND WORLD REPORT. PSU FOUNDATION'S FUNDRAISING PRIORITIES INCLUDE ACADEMIC SCHOLARSHIPS FOR PROMISING STUDENTS WITH LIMITED RESOURCES AS WELL AS FACULTY, PROGRAM AND CAPITAL SUPPORT. IN ADDITION TO DIRECT FUND-RAISING EFFORTS, PSU FOUNDATION DIRECTS DONOR STEWARDSHIP ACTIVITIES, ADMINISTERS RECORDS, OVERSEES REPORTING, AND INVESTS AND MANAGES FINANCIAL RESOURCES IN ACCORDANCE WITH DONOR WISHES. PSU FOUNDATION'S INDEPENDENT VOLUNTEER BOARD OF TRUSTEES HELPS PORTLAND STATE UNIVERSITY FOUNDATION PROMOTE PSU'S MISSION AND FUND-RAISING PRIORITIES BY LEVERAGING EXPERTISE AND RELATIONSHIPS AND COMMITTING PERSONAL RESOURCES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE FORM 990 IS CAREFULLY REVIEWED IN DRAFT FORM BY THE MEMBERS OF THE FOUNDATION'S AUDIT COMMITTEE. KPMG, THE TAX PREPARER, ATTENDS THE AUDIT COMMITTEE MEETING AND DISCUSSES THE FORM 990 IN DETAIL WITH THE AUDIT COMMITTEE. ALL REVIEWERS ARE GIVEN TIME TO RESPOND TO ANY REVISIONS. AFTER INCORPORATION OF ALL REVISIONS AND PRIOR TO FILING, THE FINAL FORM 990 IS SENT ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF TRUSTEES, WITH AN E-MAIL CALLING THEIR ATTENTION TO PORTIONS OF THE FORM MOST LIKELY TO BE READ BY THE PUBLIC AND FUNDERS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE FOUNDATION'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE FOUNDATION. PURSUANT TO THE CONFLICT OF INTEREST POLICY, ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THEIR FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD CHAIR, AND TO DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE DETERMINATION WHETHER A CONFLICT OF INTEREST EXISTS SHALL BE MADE BY THE BOARD OF TRUSTEES. PENDING SUCH DETERMINATION, THE INTERESTED PERSON SHALL RECUSE THEMSELVES FROM PARTICIPATION IN THE REVIEW OF AND VOTING UPON THE TRANSACTION OR ARRANGEMENT IN WHICH THAT PERSON HAS A POSSIBLE CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. THE CONFLICT OF INTEREST POLICY IS MONITORED BY AN ANNUAL DISTRIBUTION OF QUESTIONNAIRES TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. IF THE BOARD DETERMINES THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL ORPOSSIBLE CONFLICT OF INTEREST, THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE FOUNDATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 OFFICER COMPENSATION IN JUNE 2021, THE EXECUTIVE COMMITTEE, COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, APPROVED THE COMPENSATION OF THE PRESIDENT/CEO. ANNUALLY AS PART OF THE BUDGET PROCESS, THE FINANCE COMMITTEE AND SUBSEQUENTLY THE BOARD OF TRUSTEES, REVIEWS AND APPROVES THE COMPENSATION OF ALL FOUNDATION EMPLOYEES INCLUDING THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES. COMPENSATION FOR ALL EMPLOYEES OF THE ORGANIZATION IS DETERMINED USING COMPENSATION DATA FROM SALARY SURVEYS AND 990 FILINGS FOR SIMILAR POSITIONS AND ORGANIZATIONS IN OREGON AND NATIONALLY; AND AS APPROPRIATE THE LOCAL LABOR MARKET FOR SIMILAR POSITIONS IN THE PRIVATE SECTOR AND GOVERNMENTAL ORGANIZATIONS. THE BOARD'S PROCESS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. THE FOUNDATION'S GOVERNING INSTRUMENTS, CONFLICT OF INTEREST POLICIES, AND OTHER DOCUMENTS AND POLICY STATEMENTS MAY BE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 11A FORM 990 PROVIDED TO GOVERNING BODY TO PROTECT THE PRIVACY OF OUR DONORS, SCHEDULE B IS REDACTED FROM THE VERSION OF THE 990 THAT WAS REVIEWED BY THE BOARD OF TRUSTEES. 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