2022-04-25T13:21:23-04:00 2021-06-30 990 2020-07-01 346576307 KENT STATE UNIVERSITY FOUNDATION KENT PO BOX 5190 Kent OH 44242 JESSICA VARGO CPA 3306720432 2022-04-07 JESSICA VARGO XXX-XX-XXXX 0 00 AAL1 IAL1 2020 2022-09-23 18:48:47Z VALOREE VARGO 76750255 false X WWW.KENT.EDU/ADVANCEMENT/KSUFOUNDATION X 1965 OH THE KENT STATE UNIVERSITY FOUNDATION PROVIDES LEADERSHIP, PRIVATE SECTOR FUNDING AND STEWARDSHIP OF GIFTS TO SUPPORT KENT STATE UNIVERSITY. MEET ITS NEEDS AND ACHIEVE ITS PRIORITES. 38 32 0 39 0 0 15618881 16881344 0 13477994 3269673 13235 1279930 29110110 21430947 14694861 15023938 0 0 0 382448 1758966 3558708 16453827 18582646 12656283 2848301 246962161 301481915 24914411 26783439 222047750 274698476 THE KENT STATE UNIVERSITY FOUNDATION PROVIDES LEADERSHIP, PRIVATE SECTOR FUNDING AND STEWARDSHIP OF GIFTS TO SUPPORT KENT STATE UNIVERSITY. MEET ITS NEEDS AND ACHIEVE ITS PRIORITES. false false 15023938 15023938 THE KENT STATE UNIVERSITY FOUNDATION PROVIDED GRANTS TO KENT STATE UNIVERSITY TO FURTHER THE UNIVERSITYS ACADEMIC, RESEARCH, AND PUBLIC SERVICE PROGRAMS. 15023938 true true false false false false false false false true true true false false true false true true false false false false false false false false false true false false false false false false false false false false true true false false false false false false false true 99 0 true 0 true true false false false false true true true 1 false false true false false false X 38 32 true false false false false false false true true false false true true true true false false false false false OH SC X JESSICA VARGO 3306722222 PO BOX 5190 Kent OH 44242 X SCOTT MCKINNEY DIRECTOR 1.00 0.00 X 0 0 0 MARGARET MAY DIRECTOR 1.00 0.00 X 0 0 0 STUART NEIDUS DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN MILKOVICH DIRECTOR 1.00 0.00 X 0 0 0 DALE LEPPO DIRECTOR 1.00 0.00 X 0 0 0 JUDIE FALL LASSER DIRECTOR 1.00 0.00 X 0 0 0 STEFFANY MATTICOLA LARKINS DIRECTOR 1.00 0.00 X 0 0 0 MARK LUCAS DIRECTOR 1.00 0.00 X 0 0 0 MELODY TANKERSLEY DIRECTOR 1.00 0.00 X 0 0 0 DIANA STRONGOSKY DIRECTOR 1.00 0.00 X 0 0 0 DANIEL WOLFE DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE THOMAS DIRECTOR 1.00 0.00 X 0 0 0 ROB RISMAN DIRECTOR 1.00 0.00 X 0 0 0 MARK POLATAJKO DIRECTOR 1.00 0.00 X 0 0 0 BARB SMITH DIRECTOR 1.00 0.00 X 0 0 0 ROBERT ROSS DIRECTOR 1.00 0.00 X 0 0 0 RICHARD KRUMEL DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINA BLOEBAUM DIRECTOR 1.00 0.00 X 0 0 0 GARY BRAHLER DIRECTOR 1.00 0.00 X 0 0 0 HEATHER CERBONE DIRECTOR 1.00 0.00 X 0 0 0 JAMES BAILEY DIRECTOR 1.00 0.00 X 0 0 0 VIRGINIA ADDICOTT DIRECTOR 1.00 0.00 X 0 0 0 RAJ AGGARWAL DIRECTOR 1.00 0.00 X 0 0 0 LAWRENCE ARMSTRONG DIRECTOR 1.00 0.00 X 0 0 0 EDMUND COOKE DIRECTOR 1.00 0.00 X 0 0 0 CATHY HEMMING DIRECTOR 1.00 0.00 X 0 0 0 CANDICE HUGHES DIRECTOR 1.00 0.00 X 0 0 0 GREG INNA DIRECTOR 1.00 0.00 X 0 0 0 RICHARD FRENCHIE DIRECTOR 1.00 0.00 X 0 0 0 TODD DIACON DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY EIPPERT DIRECTOR 1.00 0.00 X 0 0 0 BARRY FETTERMAN DIRECTOR 1.00 0.00 X 0 0 0 CATHERINE HACKNEY BOARD SECRETARY 2.00 0.00 X X 0 0 0 GREGORY LONG TREASURER 2.00 0.00 X X 0 0 0 VALOREE VARGO EXECUTIVE DIRECTOR 2.00 0.00 X X 0 0 0 NORA JACOBS IMMEDIATE PAST CHAIR 2.00 0.00 X X 0 0 0 JESSICA VARGO ASSISTANT TREASURER 2.00 0.00 X X 0 0 0 JOHN ELLIOT BOARD CHAIR 2.00 0.00 X X 0 0 0 PETER HOLWAY BOARD CHAIR ELECT 2.00 0.00 X X 0 0 0 0 0 0 0 false false false PWC CAPITAL HOLDINGS LP AGILITY OUTSOURCED CIO 850468 1 16881344 2339394 16881344 1332572 1332572 1220847 1863703 -642856 -642856 -642856 55392706 53455605 1937101 1937101 1937101 LEASE RESTRUCTURE GAIN 900099 1922786 1922786 1922786 21430947 4549603 0 0 15023938 15023938 43287 43287 41023 41023 2045280 2045280 879112 879112 3882 3882 123 123 7258 7258 213124 36017 177107 247101 41760 205341 13291 13291 BANK FEES 56434 56434 OTHER PROF FEES 200 200 PROPERTY TAXES 10 10 ANNUAL REPORT 228 228 8355 8355 18582646 15023938 3176260 382448 2672203 6443881 16924460 14873952 165404 11061000 219323 18166676 944064 11212347 17222612 20703316 22374173 179068368 240182570 5320467 246962161 301481915 559901 323087 24354510 26460352 24914411 26783439 X 18630737 19446731 203417013 255251745 222047750 274698476 246962161 301481915 X 2848301 59715800 -9913375 X false true X true false X 24947532 25616604 17377758 15618881 16881344 100442119 24947532 25616604 17377758 15618881 16881344 100442119 10232119 90210000 3027703 7688145 4330281 267181 1332572 16645882 117088001 0.77040 0.80010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138113132 8414836 47409291 6154566 187782693 136600303 7771699 -177946 6080924 138113132 138117510 6334070 2838502 5887484 141402598 129069236 5295046 9709616 5956388 138117510 110746799 9033662 14637489 5348714 129069236 0.02000 0.35000 0.64000 true false 549121 1886823 2435944 15730732 944064 14786668 17222612 PRIVATE EQUITY 29319432 F HEDGE FUNDS 2498977 F REAL ASSETS 8576344 F COMINGLED ASSET FUNDS 199787817 F 240182570 FUNDS HELD AS AGENT 14156138 CPAE BULDING LEASE 8362968 ACTUARIAL LIABILITES 3348728 PPP LOAN 592518 26460352 80867255 59715800 -97915 59617885 21249370 2045280 -1863703 181577 21430947 18401069 18401069 2045280 -1863703 181577 18582646 Other revenues not included on Form 990 (Part XI, line 2d) CHANGE IN ACTUARIAL LIABILITES Other revenues included on Form 990 (Part XI, line 4b) HOTEL RENTAL EXPENSES Other expenses included on Form 990 (Part XII, line 4b) HOTEL RENTAL EXPENSES true KENT STATE UNIVERSITY PO BOX 5190 Kent OH 44242 316402079 115a 15023938 Monitoring procedures (Part I, line 2) THE KENT STATE UNIVERSITY FOUNDATION REFERS TO DONORS MOU TO ENSURE MONIES ARE USED PROPERLY. X 8 0 X 182 156763 AUCTION X 61 2161159 X 2 21473 1 false true true Officer directors etc family relationship Part VI line 2 BOARD MEMBER IS AN OFFICER OF AN INSURANCE COMPANY THAT PROVIDES SERVICES TO KENT STATE UNIVERSTIY. Form 990 governing body review Part VI line 11 A COMPLETE COPY OF FORM 990 WAS SENT ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW BEFORE IT WAS FILED WITH THE IRS. Conflict of interest policy compliance Part VI line 12c ANNUALLY, BOARD MEMBERS OF THE KENT STATE UNIVERSITY FOUNDATION MUST REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY CONFLICTS AND ACKNOWLEDGE THIS BY SIGNING A LETTER STATING ADHERENCE TO THE POLICY. MEMBERS WHO HAVE A CONFLICT OF INTERST WITH A PROPOSED TRANSACTION MUST EXCUSE THEMSELVES FROM DISCUSSION OF, AND VOTING ON, THE TRANSACTION. Governing documents etc available to public Part VI line 19 THE KENT STATE UNIVERSITY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL REQUESTS NEED TO BE IN WRITING AND DELIVERED BY HAND, US MAIL, OR EMAIL. Explanation of other changes in net assets or fund balances Part XI line 9 1. CHANGE IN ACTUARIAL LIABILITY - $97,915. 2. LOSS ON ACQUSITION OF DOWNTOWN HOTEL, LLC - $9,815,460