2022-04-27T12:30:19-05:00 2021-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2020-07-01 316402269 The Ohio University Foundation OHIO 7405931901 PO Box 869 Athens OH 45701 Candice Casto Treasurer & CFO 2022-04-27 true Candice Casto 999009999 Kim Scifres P01316095 5023263996 2020 2022-09-23 18:48:47Z Nico Karagosian PO Box 869 Athens OH 45701 504933176 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. 43 40 127 602 58071 0 24243167 46703871 0 6474244 18724929 -183301 -124719 30534110 65304081 19741251 28191726 0 10515134 10162660 290786 155314 7495568 6505456 4650140 37052627 43159840 -6518517 22144241 564704219 720462181 9790007 9388859 554914212 711073322 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 2021 The Ohio University Foundation received thousands of gifts totaling approximately of $43 million. false false 31442036 28191726 385074 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 2021, The Ohio University Foundation provided $14.7 million in support for instruction and research, $8.6 million in student aid, and $4.8 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 2021 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. 31442036 true true false false false false true false true true true false false true true false false 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 153 0 true 127 true true true true CJ false false false true true false false false false false false X 43 40 false false false false false false false true true false 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 SC UT WI X Candice Casto 7405931901 Ohio University Athens OH 457012979 Beverly Jones Secretary 1.0 X X 0 0 0 Deborah Shaffer Treasurer & CFO 4.0 36.0 X X 0 407871 99514 I Robert Rudy Vice Chair 4.0 X X 0 0 0 Nico Karagosian President & CEO 40.0 X X 290872 0 68739 Perry Sook Chair 4.0 X X 0 0 0 Sandra Anderson Vice Chair 4.0 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 1.0 39.0 X 0 272332 56151 Jacqueline Reau Trustee 1.0 X 0 0 0 James Edwards 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 Karen Bailey Trustee 1.0 X 0 0 0 M Duane Nellis Trustee (Partial Year) 5.0 35.0 X 0 537695 102114 Mark Arnold Trustee 1.0 X 0 0 0 Melissa Wervey Arnold Trustee 1.0 X 0 0 0 Norman DeWire 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 Susan Weiss Mulgrew Trustee 1.0 X 0 0 0 Thomas Anderson Trustee 1.0 X 0 0 0 Thomas Kostohryz Trustee 1.0 X 0 0 0 Thomas Weihe 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 of Development and Campaign Director 40.0 X 173005 0 60788 Mei Wei Dean, Russ College of Engineering and Technology 4.0 36.0 X 0 280624 59492 David Gaume Director of Investments 40.0 X 230767 0 63045 Erin Essak Kopp Assistant VP Alumni Relations/ Exec Director OHIO Alumni Association 40.0 X 144953 0 31582 Joseph Pauwels Assistant VP, Advancement Svcs 40.0 X 134678 0 56959 Kelli Kotowski Executive Director, Gift Planning 40.0 X 143107 0 32888 Teri Gartland Assistant VP of Central Programs 40.0 X 138797 0 52342 1256179 1498522 683614 20 false true false Silchester International Investors LLP Time Life Building 1 Bruton Street London UK W1J6TL Investment Management 312400 Hirtle Callaghan & Co 300 Barr Harbor Dr Ste 200 West Conshohocken PA 19428 Investment Management 288359 TIAA Kaspick 211 North Broadway Suite 1000 St Louis MO 63102 Investment Mgt/Gift Admin 219751 Fund Evaluation Group PNC Bank 201 E Fifth St 1600 Cincinnati OH 45202 Investment Consultant 180847 Aberdeen Standard Investments Inc 1900 Market Street Philadelphia PA 19103 Investment Management 161320 13 0 0 22540 3621791 0 43059540 10660312 46703871 0 0 0 0 0 8109265 0 -5978 8115243 0 0 0 0 5525 0 0 5525 695821 0 1269753 0 -573932 0 -573932 -573932 448878329 0 438262665 0 10615664 0 10615664 10615664 10478 22540 15913 -5435 -5435 144813 80764 64049 64049 Revenues from sales, services, and events 900099 339698 339698 Miscellaneous Revenue 900099 45376 45376 0 0 0 0 385074 65304081 385074 58071 18157065 28191726 28191726 769847 116891 207455 445501 7644893 1839761 1526148 4278984 666059 137280 16229 512550 982007 247169 6478 728360 99854 20763 1740 77351 19443 19443 114356 507 113849 155314 155314 2116439 2116439 596949 57253 40675 499021 85179 62036 11615 11528 579045 386964 23270 168811 655439 193946 63625 397868 14325 21883 -7558 5587 -2199 454 7332 164067 35612 2519 125936 67182 67182 53144 45836 3654 3654 54224 8801 45423 Repairs and Maintenance 37109 2020 31794 3295 87652 39289 6165 42198 43159840 31442036 4222236 7495568 52549421 52555028 9941657 19576386 1096924 832515 0 0 0 0 82081 70329 180831 440646 12885795 4595281 7518710 8290514 411246248 505730466 61607323 105406845 0 20481024 27559452 564704219 720462181 548296 841607 0 0 9241711 8547252 9790007 9388859 X 107891345 156422727 447022867 554650595 554914212 711073322 564704219 720462181 X 22144241 131996257 2018612 X false true X true false X 15113159 19642030 22260645 18457183 43040522 118513539 0 0 15113159 19642030 22260645 18457183 43040522 118513539 23864291 94649248 11601671 13798774 14625180 11712673 8810611 60548909 0 0 0 0 0 0 88821 93564 79815 31806 10478 304484 179366932 28657580 0.5277 0.5794 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 88821.0, COLUMN B - 93564.0, COLUMN C - 79815.0, COLUMN D - 31806.0, COLUMN E - 10478.0, COLUMN F - 304484.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 470000 1506167 X X false 468175495 16541037 140646927 20014559 8075517 597273383 473768166 6985640 11008793 15728680 7858424 468175495 463745552 13916885 20018214 16084119 7828366 473768166 448292661 9248745 29419529 15556822 7658561 463745552 402487222 12345071 50181269 0 9419123 7301778 448292661 0.3037 0.6963 0.0 false false 2969196 2969196 7564404 3941495 3622909 260486 209440 51046 2091709 444346 1647363 8290514 5233756 F Private Equity Fund 57481218 F Private Real Estate Fund 10191829 F Private Debt 947731 F Hedge Fund 25788392 F Diversifying Strategies 5763919 F 105406845 Deposits Held in Custody for Others 1489290 Annuities Payable 1672734 Charitable trusts obligations 3091457 Due to Affiliate - Ohio University 1321463 Other liabilities 972308 8547252 X Schedule D, Part III, Line 4 Collections of art - description of collections The film stills were donated for the benefit of the College of Fine Arts 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 59446954 0 0 0 0 0 0 59446954 0 59446954 true false true false true false X X X X X X true Ruffalo Noel Levitz LLC 1025 Kirkwood Parkway SW Cedar Rapids IA 52404 Fundraising false 108782 155314 -46532 108782 155314 -46532 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 OHIO UNIVERSITY WRESTLING ALUMNI GOLF OUTING 16300 10840 5460 0 542 150 2310 2797 3758 GOLF OUTING FUNDRAISER FOR MENS GOLF 7780 6700 1080 445 469 608 6 8938 5000 3938 0 4834 33018 22540 10478 445 542 150 2779 2797 9200 15913 -5435 Schedule G, Part I, Line 2b(vi) Amount paid to (or retained by) the organization The landscape for phonathon and the value/ROI for telephone fundraising continues to change. OHIO's current vendor, RNL, is adapting to these changes as well. They are offering digital engagement services along with telephone services. 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: As indicated in schedule G, the telephone fundraising program generated $108,782 in revenues during fiscal year 2021, versus costs of $155,314. 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 FY21, 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. Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. RUFFALO NOEL LEVITZ LLC-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. OHIO UNIVERSITY IS RESPONSIBLE FOR PROVIDING THE FOLLOWING TO RNL: CALLABLE DATABASE AND RELATED DATA TO COMPLETE CALLS AND FULFILLMENT ACTIVITIES (PHONE NUMBERS, EMAIL ADDRESSES, GIFT HISTORIES, AND RELATED INFORMATION), A STAFF MEMBER TO LIAISON WITH THE RNL PROGRAM MANAGER, ANNUAL GIVING CALENDARS AND ACTIVITY UPDATES THAT MAY IMPACT CALLING, PREVIOUS SEGMENTATION AND SCRIPTS, AND ASSISTING IN SCRIPT PREPARATION.; true Ohio University Cutler Hall 108 Athens OH 45701 316402113 SECTION 115 28191726 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 X true true X X false false false false false false false false false Deborah Shaffer Treasurer & CFO 0 307871 0 100000 0 0 0 87562 0 11952 0 507385 0 0 Nico Karagosian President & CEO 281272 0 0 0 9600 0 30562 0 38177 0 359611 0 0 0 M Duane Nellis Trustee (Partial Year) 0 450695 0 0 0 87000 0 91062 0 11052 0 639809 0 0 Hugh Sherman Trustee 0 272332 0 0 0 0 0 30562 0 25589 0 328483 0 0 Mei Wei Dean, Russ College of Engineering and Technology 0 280624 0 0 0 0 0 23086 0 36406 0 340116 0 0 Major Alston Senior Associate VP of Development and Campaign Director 173005 0 0 0 0 0 25361 0 35427 0 233793 0 0 0 David Gaume Director of Investments 230767 0 0 0 0 0 27618 0 35427 0 293812 0 0 0 Joseph Pauwels Assistant VP, Advancement Svcs 134538 0 140 0 0 0 20167 0 36792 0 191637 0 0 0 Teri Gartland Assistant VP of Central Programs 138797 0 0 0 0 0 16979 0 35363 0 191139 0 0 0 Erin Essak Kopp Assistant VP Alumni Relations/ Exec Director OHIO Alumni Association 144953 0 0 0 0 0 20563 0 11019 0 176535 0 0 0 Kelli Kotowski Executive Director, Gift Planning 142987 0 120 0 0 0 20482 0 12406 0 175995 0 0 0 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. Schedule J, Part I, Line 1a Travel for companions The Foundation provides for required travel for donor development and alumni fundraising activity for certain interested persons and their companions. When the travel for companions is considered personal in nature, the value of the travel is included in compensation to the interested person. 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. X 1 470000 Opinions of experts X 28994 Market value X 109 1126666 Market value X 1 831 Market value X Courseware - 1 4991 Market value X Software licenses - 2 9028830 Market value 3 false true false Schedule M, Part I Explanations of reporting method for number of contributions Art - Historical treasures - Number of contributions Books and publications - Number of contributions Securities - Publicly traded - 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 13,285 of which the number of W-2s reported and filed for 2020 by OU for OUF, was approximately 127. 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 153. 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 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 University's process for establishing the compensation for Treasurer Deborah Shaffer, Ohio University President M. Duane Nellis and Ohio University President Hugh Sherman (whose term as President was effective June 14, 2021), 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 - 2060170; Uncollectible pledges written off - -41558; Fritz J and Dolores H Russ Holdings LLC Ohio University WUSOC 168 Athens OH 45701 Real Estate OH 0 338092 The Ohio University Foundation Russ North Valley Road LLC Ohio University WUSOC 168 Athens OH 45701 Real Estate OH 0 0 Fritz J and Dolores H Russ Holdings LLC Russ Research Center LLC Ohio University WUSOC 168 Athens OH 45701 R&D OH 1022245 3527977 Fritz J and Dolores H Russ Holdings LLC Russ Center North LLC OHIO UNIVERSITY WUSOC 168 ATHENS OH 45701 Real Estate OH 0 875492 FRITZ J AND DELORES H RUSS HOLDINGS LLC 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 3844332 6788796 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-11) n/a OH na Trust true false true true false true false false false false true true false false true true true true true true The Sugar Bush Foundation C 349054 Cash