2022-03-31T11:26:53-07:00 2021-06-30 990 2020-07-01 556011111 MARSHALL UNIVERSITY FOUNDATION INCORPORATED MARS 3046966264 519 John Marshall Drive Huntington WV 25703 R Scott Anderson CFO 3046963388 2022-03-31 1 11 0 AAL2 2020 2022-09-23 18:48:47Z R Scott Anderson 519 John Marshall Drive Huntington WV 25703 138104575 0 X www.marshall.edu/foundation/ X 1947 WV The Marshall University Foundation was chartered on January 3, 1947 as an independent non-profit organization to receive, invest, administer and disburse private resources on behalf of Marshall University. 27 27 51 100 6970 0 13501906 34020461 40723 7494 19249257 5400394 26782 15842 32818668 39444191 7821925 7010575 0 0 2700931 2725282 0 0 1740557 4248584 4112710 14771440 13848567 18047228 25595624 297189135 365151220 74951075 80142750 222238060 285008470 The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources. 0 0 7010575 7010575 0 The organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university 648792 0 0 The organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects. 1061777 0 0 Department and unit operating funds provide additional resources for programs, travel, training, equipment and supplies, and other miscellaneous purposes on behalf of university departments 1195146 0 0 Other expenses attributable to program funds in support of the university and departments, and adjustments for bad debts. 1195146 0 0 9916290 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 82 0 1 51 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 CA KY MA MD MI MN NH NJ NY OR SC UT WI WV X X X R Scott Anderson 3046963388 519 John Marshall Drive Huntington WV 25703 Dr Ronald G Area CEO 40 3.00 X X X 265667 0 55725 Mr R Scott Anderson CFO 40 3 X X X 131464 0 39302 Mr Joseph Allwood COO 40 0 X X X 116473 0 18180 Mr Lake Polan III Immediate Past Chair 3.00 1.00 X 0 0 0 Mrs Sharon Shaffer Chair 2 0 X X 0 0 0 Mr Leon K Oxley Secretary 2.0 0 X X 0 0 0 Mrs Carol J Hartley Second Vice Chair 2.00 0 X 0 0 0 Mr Mark A Chandler Director 2 1.00 X 0 0 0 Mr Gary Ambler Director 2 1.0 X 0 0 0 Mrs Nancy E Campbell Director 2 0 X 0 0 0 Mr Bernard Coston Director 2 0.00 X 0 0 0 Mr James Farley Director 2 0 X 0 0 0 Ms Diane Ramy Faulconer Director 2 0 X 0 0 0 Mrs Verna Gibson Director 2 0 X 0 0 0 Mr Floyd Harlow Jr Director 2 0 X 0 0 0 Mr William V Jackson Director 2 0 X 0 0 0 Mr Rex W Johnson Director 2 0 X 0 0 0 Mr Max Lederer Director 2 1.0 X 0 0 0 Mr Charles Neighborgall Director 2 0 X 0 0 0 Mr Charles W Pace Director 2 0 X 0 0 0 Dr Joseph Touma Director 2 1.00 X 0 0 0 Mrs A Sue Zemba Treasurer 2 0 X X 0 0 0 Mr Barry Burgess Director 2 0 X 0 0 0 Mr William W Carter Director 2 0 X 0 0 0 Mrs Monica Hatfield Director 2 0 X 0 0 0 Mr Norman Mosrie Director 2 0 X 0 0 0 Mr Casey Robinson Director 2 0 X 0 0 0 Mr James D Rorrer Director 2 0 X 0 0 0 Mr Danny Vance Director 2 1.00 X 0 0 0 Mr Marc Williams Director 2 0 X 0 0 0 513604 0 113207 3 0 1 0 0 0 0 0 0 0 34020461 13400207 34020461 Conference Center Activity 721000 7494 2015 5479 0 0 0 0 0 7494 1101498 1101498 0 0 0 0 0 0 13803 13803 0 0 0 0 0 0 0 0 0 0 0 0 102958033 0 98659137 0 4298896 0 4298896 4298896 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3286 1247 2039 548 1491 0 0 39444191 5416760 6970 0 7010575 7010575 0 0 0 0 0 0 621197 0 485905 135292 0 0 0 0 1532713 169928 454858 907927 86938 9785 25733 51420 340594 28697 116587 195310 143840 12275 56787 74778 0 0 0 0 91359 27669 63690 0 30650 0 30650 0 0 0 0 0 0 0 576033 534008 0 42025 414060 231364 108513 74183 28038 19740 0 8298 201036 54281 92505 54250 226212 52903 152495 20814 0 0 0 0 79793 0 79793 0 105252 53460 5204 46588 0 0 0 0 181759 124500 23852 33407 0 0 0 0 0 0 0 0 302468 0 302468 0 138731 65254 54392 19085 Department Support - Employment 385245 385245 0 0 Miscellaneous 44082 42861 657 564 CGA, Trust, Pledge Adj NPV/Collectability 485355 429774 55831 -250 Printing, Equip. and Supplies 796628 654343 78702 63583 26009 9628 3098 13283 13848567 9916290 2191720 1740557 500 500 90250629 28351077 33035739 33271632 248760 106291 0 0 0 0 0 0 0 0 59470 43418 13604126 4199329 9678048 9404797 90751989 211162132 58979043 68501698 0 0 0 0 14184957 14309675 297189135 365151220 841463 1073582 0 0 4426 500 0 0 73509009 78484143 0 0 0 0 0 0 596177 584525 74951075 80142750 X 19226832 20145321 203011228 264863149 222238060 285008470 297189135 365151220 25595624 37174786 0 0 0 0 X 0 1 X 1 0 X 14860505 11105317 49267994 13501906 34020461 122756183 0 0 0 0 0 0 0 0 0 0 0 0 14860505 11105317 49267994 13501906 34020461 122756183 30068544 92687639 513389 523077 538472 533865 1115301 3224104 24531 19195 5882 4417 1491 55516 0 0 0 0 0 0 126035803 145078 0.73541 0.71142 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1494273 0 0 X X X 0 0 1 X 134897730 26590979 38957330 2479304 5272775 397202 192296758 140180885 10117303 -6594783 2379497 6251205 174973 134897730 127890890 12538757 7393317 2182514 5430264 29301 140180885 123205738 5905634 9139517 2012142 8318838 29019 127890890 110425432 5127518 14210601 1676420 4854073 27320 123205738 0.0471 0.8717 0.0812 0 0 1642000 0 1642000 10823230 0 3117621 7705609 0 0 0 0 1138896 0 1081708 57188 0 0 0 0 9404797 0 F 8250 F Commingled Hedge Fund 19734570 F Commingled Real Assets 7340560 F Commingled Private Capital Fund 22713488 F Private Real Estate 61536 F Private Equity 2204940 F Natural Resources 13783291 F Venture Capital 2597207 F Distressed Debt 57856 F 68501698 Contributions Rec from Char Rem Trusts 535862 Trusts Held by Third Parties 11288932 Investment in Subsidiary-MSC 1000 Interest in MU Real Estate Foundation 226751 Interest in MU Alumni Association 119971 Cash Surrender Value of Life Insurances 626361 Gifts-in-Kind 16525 Gifts-in-Kind: Collections 1494273 14309675 0 Charitable Gift Annuities Payable 584525 584525 X Schedule D, Part III, Line 4 Historical items in the Touma Medical Museum are used for educational purposes. Schedule D, Part IV, Line 2b The organization holds investment funds for Marshall University. It acts pursuant to an investment management agency agreement with the university to facilitate investments of certain funds. Schedule D, Part V, Line 4 Endowment funds are held according to donor restrictions to provide a perpetual source of intergenerational funding for scholarships, programs, and research. Board designated endowments are sources of funding for development, operations, and the greatest needs of Marshall University. Schedule D, Part X, Line 2 Charitable Gift Annuity Liability 1 Marshall University One John Marshall Drive Huntington WV 25755 556000789 501c3 9916290 26057 gifts in kind received on behalf of Marshall University to support the students and university departments in their educational mission 0 0 Schedule I, Part I, Line 2 The organization maintains documentation on individual funds and related criteria for eligibility of grants. The organization coordinates with Marshall University departments and units in accordance with fund guidelines to substantiate eligibility for grants and assistance. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Dr Ronald G Area CEO 267339 0 0 0 0 0 23180 0 30872 0 321391 0 0 Mr R Scott Anderson CFO 138337 0 0 0 0 0 8300 0 24129 0 170766 0 0 0 Mr Joseph Allwood COO 119003 0 0 0 0 0 7140 0 8510 0 134653 0 0 0 Schedule J, Part I, Line 1a Social club dues and a limited amount of spousal travel are a part of the employment agreement with the CEO. X 2130 Estimated Value X 1 4999 Estimated Value X 23 13363373 Fair Market Value X Instruments and Musical Equipment 1 17855 Fair Market Value X Cash Surrender Value of Life Ins Policy 1 10778 Policy Statement from Agent X Percussion Instruments 1 300 Fair Market Value X Large Auction Italian Food/Drink Basket 1 773 Actual Cost 0 0 1 0 Form 990, Part VI, Section B, Line 11b The Form 990 and schedules were provided to the Board of Directors for review prior to filing and a meeting was conducted to review and approve the form for filing. Form 990, Part VI, Section B, Line 12c The Board of Directors annually survey its' members and reviews responses about conflicts of interest. Form 990, Part VI, Section B, Line 15 CEO Compensation and performance are reviewed annually by the Human Resource Committee using resources that include board surveys and a formal review. Form 990, Part VI, Section C, Line 19 Governing documents and policies are available upon request. Summary financial information is available on the organizations annual report which is available on the website. The audited financial statements are available upon request. Marshall University Real Estate Foundation Inc 519 John Marshall Dr Huntington WV 25703 262912485 Receive real estate on behalf of Marshall WV 501(c)(3) 509(a)(3) III-FI The Marshall University Foundation Inc 1 Marshall University Alumni Association Inc One John Marshall Dr Huntington WV 25755 264778743 Alumni activities WV 501(c)(3) 509(a)(3) III-FI N/A 0 Marshall University One John Marshall Dr Huntington WV 25755 556000789 Higher Educationn Institution WV 501(c)(3) line 2 N/A 0 Marshall Services Corporation PO Box 296 Huntington WV 25707 461383543 Invest in joint venture for internationalization of campus WV The Marshall University Foundation Inc C 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 Marshall University Alumni Association Inc b 40569 The organization supports MUAA through endowment spending allocations specifically designated for them and annual fund gifts specifically designated for them. The organization supports their annual budget as required. Marshall University Alumni Association Inc o 142137 These are expenses paid by the organization related to the employees who work primarily with MUAA. Marshall University l 9916290 The organization was formed to raise funds to support Marshall University and is the primary fundraiser for private support. Marshall Services Corporation o 0 A de minimis amount of time is spent in administering support of MSC. Marshall University Real Estate Foundation Inc o 0 A de minimis amount of time is spent in administering support of MUREF. Marshall University Alumni Association Inc o 0 The organization provides support for accounting, database management and other administrative support on substantially equivalent terms as for uncontrolled constituents. Marshall University Alumni Association Inc n 0 No amount is estimated for the value of shared facilities, equipment, mailing lists, etc. shared with MUAA. Marshall University m 0 Deans and faculty members sometimes solicit funds for their specific areas. Marshall University Alumni Association Inc m 0 MUAA activities, usually with students, lead to a minimal dollar amount of gifts being received by the organization. An extension was granted for to the organization for an extension to file.