2020-02-07T18:15:26-06:00 2019-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2018-07-01 930619733 PORTLAND STATE UNIVERSITY FOUNDATION % WILLIAM BOLDT PORT 5037255863 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 STACEY HENRIQUEZ CFO 5037255863 2020-02-03 LISA M MEYER P01490170 2069134000 167.68.102.5 91023620200385000001 2020-02-07 P E312A954C766B45D87E73D828E4C14B6F8BC32A8 EDE32A16B4CDC6BEE2654235EC23B818E29F5A22 2018 2020-09-23 17:36:50Z STACEY HENRIQUEZ 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 33088855 false X WWW.PSUF.ORG X 1963 OR PORTLAND STATE UNIVERSITY FOUNDATION IS RESPONSIBLE FOR RAISING AND MANAGING PRIVATE RESOURCES TO ADVANCE PSU'S PRIORITIES AND MISSION TO BE A LEADING URBAN UNIVERSITY. 31 31 87 26 0 0 30678005 21481693 8778049 8598145 4816345 2504404 -154981 -362245 44117418 32221997 19811025 19729564 0 0 7458587 7061480 167554 0 5503005 1761716 2159874 29198882 28950918 14918536 3271079 136873492 142943770 6730261 7216175 130143231 135727595 X SEE SCHEDULE O false false 19729564 19729564 8598145 THE FOUNDATION SUPPORTS PORTLAND STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, SUPPORTING FACULTY RESEARCH AND INSTRUCTION, ENHANCING FACILITIES, AND NURTURING NEW PROGRAMS. DURING THE YEAR ENDED JUNE 30, 2019, THE FOUNDATION AWARDED $19,729,564 TO THE UNIVERSITY; $4,147,885 FOR SCHOLARSHIPS AND FELLOWSHIPS, $4,726,506 FOR CAPITAL PROJECTS, $10,047,330 FOR ACADEMIC SUPPORT, AND $807,843 FOR ADMINISTRATIVE SUPPORT. 19729564 true true false false false false false false true true false false false true false false true false false true false false false true true false true false true false false false false false false false false true false false false true true true true false false true 204 30 87 true true true false false false false true true false false false false false false X 31 31 false false false false false false false true true false false false true true true true true true true false OR X X WILLIAM BOLDT 5037255881 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 WALLY VAN VALKENBURG Chair 1.0 0.0 X 0 0 0 DON VOLLUM Vice Chair 1.0 0.0 X 0 0 0 AL BARKOULI Treasurer 1.0 0.0 X 0 0 0 BARRE STOLL Secretary 1.0 0.0 X 0 0 0 DAVID ANDERSON Trustee 1.0 0.0 X 0 0 0 ERIC S BROWN Trustee 1.0 0.0 X 0 0 0 KEREN BROWN WILSON Trustee 1.0 0.0 X 0 0 0 HERMANN COLAS JR Trustee 1.0 0.0 X 0 0 0 GARY CUMPSTON Trustee 1.0 0.0 X 0 0 0 MARY DICK Trustee 1.0 0.0 X 0 0 0 JEFF EULBERG Trustee 1.0 0.0 X 0 0 0 TOM FINK Trustee 1.0 0.0 X 0 0 0 ELIZABETH FULLER Trustee 1.0 0.0 X 0 0 0 LINDA HAMILTON Trustee 1.0 0.0 X 0 0 0 SCOTT HIBBS Trustee 1.0 0.0 X 0 0 0 JARED HOLUM Trustee 1.0 0.0 X 0 0 0 CARY JACKSON Trustee 1.0 0.0 X 0 0 0 KRISTEN KERN Trustee 1.0 0.0 X 0 0 0 PAULA M KINNEY Trustee 1.0 0.0 X 0 0 0 SCOTT LANGLEY Trustee 1.0 0.0 X 0 0 0 ROSS LIENHART Trustee 1.0 0.0 X 0 0 0 MARK MILLER Trustee 1.0 0.0 X 0 0 0 STEPHEN PERCY Trustee 1.0 0.0 X 0 0 0 STEVE PETRUZELLI Trustee 1.0 0.0 X 0 0 0 KATHRYN REBAGLIATI Trustee 1.0 0.0 X 0 0 0 PAUL SCHLESINGER Trustee 1.0 0.0 X 0 0 0 RICHARD SOLOMON Trustee 1.0 0.0 X 0 0 0 JILL SOUEDE Trustee 1.0 0.0 X 0 0 0 LINDSAY STEWART Trustee 1.0 0.0 X 0 0 0 LINDA WILLIAMS Trustee 1.0 0.0 X 0 0 0 CHARLENE ZIDELL Trustee 1.0 0.0 X 0 0 0 WILLIAM BOLDT President/CEO 40.0 0.25 X 328252 0 67932 SARAH SCHWARZ Executive Vice President 40.0 0.0 X 175962 0 43777 BRIAN HESS Vice President of Development 40.0 0.0 X 153538 0 39599 STACEY HENRIQUEZ Chief Financial Officer 40.0 0.25 X 152447 0 26935 CATHERINE SOULAGES Sr. Director of Engagement/Com 40.0 0.0 X 139948 0 18470 DAWN THOMASON Sr. Director of HR/TM/OPS 40.0 0.0 X 136131 0 38345 SYLVIAN BULL Executive Director-Alumni Rel 40.0 0.0 X 133323 0 24070 STEVEN ARNDT Sr. Director of IT/Data Mngmt 40.0 0.0 X 107523 0 34205 JAYMEE JACOBY Sr. Director of Dev-COTA 40.0 0.0 X 110670 0 34420 KRISTEN NORQUIST Sr. Director of Dev-MCECS 40.0 0.0 X 113516 0 29682 SARA CASE Sr. Managing Director of Dev 40.0 0.0 X 105716 0 33606 KARIN TRUMBO Sr. Director of Dev-PG/PG 40.0 0.0 X 109118 0 29725 MICHELLE JENSON Assoc. Director of Fin/Acct 40.0 0.0 X 93902 0 31968 DAVID STEPP Chief Info Officer/AVP Adv Srv 40.0 0.0 X 150398 0 18227 2010444 0 470961 19 true true false Zuri Group 328 NW Bond St Bend OR 97703 CRM Design Services 204447 1 1341772 87000 20052921 1776732 21481693 CONTRACT SERVICE REVENUE 541900 7320958 7320958 SPECIAL EVENTS 900099 1014879 1014879 OTHER PROGRAM SERVICE REVENUE 900099 262308 262308 8598145 2504404 2504404 0 0 0 0 0 0 345240 1341772 766724 -421484 -421484 159373 100134 59239 59239 0 0 0 0 32221997 8598145 2142159 19729564 19729564 0 0 0 1713821 1013592 700229 0 3818484 1204633 2613851 336105 91578 244527 752509 279434 473075 440561 173827 266734 0 71056 71056 68400 68400 0 0 0 441356 155666 285690 97434 21686 75748 126331 54339 71992 0 0 0 38456 14893 23563 0 0 12933 11095 1838 0 512676 257501 255175 24803 10272 14531 MISCELLANEOUS 720188 261691 458497 MEALS AND ENTERTAINMENT 20148 13814 6334 MAINTENANCE & REPAIRS 17523 7728 9795 EQUIPMENT RENTAL 8570 7144 1426 28950918 19729564 3718349 5503005 144 61 9034434 6267627 14066079 15014451 1014717 104790 0 0 0 0 0 0 0 0 335492 230541 1878057 1204451 1180823 673606 106693902 117050887 0 0 1151094 1151094 0 0 3396807 2450713 136873492 142943770 1016322 2507509 876305 0 47500 60857 0 0 0 0 0 0 642535 0 0 0 4147599 4647809 6730261 7216175 X 4736357 6141646 63467413 64331292 61939461 65254657 130143231 135727595 136873492 142943770 X 3271079 2314481 -1196 X false true X true false X 25380353 35530337 33281573 30678005 21481693 146351961 0 0 25380353 35530337 33281573 30678005 21481693 146351961 14341650 132010311 4716258 3405068 6875157 4816343 2504404 22317230 0 236269 312625 342002 444456 345240 1680592 170349783 53474695 0.77494 0.77242 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76417691 3409040 3328422 2026565 1028260 80100328 68503385 7430763 3706348 2361815 860990 76417691 58371675 6417865 6712006 2193081 805080 68503385 54155161 7662006 -1603591 1053285 788616 58371675 52304913 3602384 849338 1846055 755419 54155161 0.13460 0.81470 0.05070 false false 0 0 0 0 0 0 0 0 436072 238822 197250 1441985 965629 476356 673606 0 ENDOWMENTS HELD FOR PSU 2533621 OBLIGATIONS TO TRUST BENEF. 2114188 4647809 35303202 2314481 766724 3081205 32221997 32221997 29717642 766724 766724 28950918 28950918 ENDOWMENT FUNDS PART V, LINE 4 ENDOWMENT FUNDS ARE USED FOR SPECIFIC CHARITABLE PURPOSES DESIGNATED BY DONORS (E.G. PRIMARILY FOR SCHOLARSHIPS, FELLOWSHIPS, CAPITAL PROJECTS, AND SUPPORT OF ACADEMIC PROGRAMS). REVENUE - OTHER ADJUSTMENTS PART XI, LINE 2D $766,724 RECLASS FUNDRAISING DIRECT EXPENSES EXPENSES - OTHER ADJUSTMENTS PART XII, LINE 2D $766,724 RECLASS FUNDRAISING DIRECT EXPENSES false false false false true false WINE & ROSES 345518 251699 93819 123766 29508 80743 AWARDS DINNER 639284 511334 127950 7125 132710 100265 177244 11 702210 578739 123471 11607 53020 13750 36986 1687012 1341772 345240 18732 309496 143523 294973 766724 -421484 159373 41675 58459 true 1.00000 159373 41675 58459 100134 59239 OR true false false false 1.00000 STACEY HENRIQUEZ 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 false false true PORTLAND STATE UNIVERSITY PO BOX 751 PORTLAND OR 97207 936001786 OREGON 19729564 SEE SCH. I, PART IV 1 GRANT FUNDS SCHEDULE I, PART I, LINE 1 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. PURPOSE OF GRANT PART II, LINE 1, COLUMN H GRANTS TO THE UNIVERSITY ARE PROVIDED FOR SCHOLARSHIPS, FELLOWSHIPS, CAPITAL PROJECTS, ACADEMIC SUPPORT, AND ADMINISTRATIVE SUPPORT. X false true X X X X true true false false false false false false false WILLIAM BOLDT President/CEO 299063 0 25000 0 4189 0 51000 0 16932 0 396184 0 0 0 SARAH SCHWARZ Executive Vice President 175937 0 0 0 25 0 21800 0 21977 0 219739 0 0 0 BRIAN HESS Vice President of Development 153513 0 0 0 25 0 18000 0 21599 0 193137 0 0 0 STACEY HENRIQUEZ Chief Financial Officer 152422 0 0 0 25 0 18400 0 8535 0 179382 0 0 0 CATHERINE SOULAGES Sr. Director of Engagement/Com 139036 0 857 0 55 0 10213 0 8257 0 158418 0 0 0 DAWN THOMASON Sr. Director of HR/TM/OPS 136106 0 0 0 25 0 16817 0 21528 0 174476 0 0 0 SYLVIAN BULL Executive Director-Alumni Rel 133298 0 0 0 25 0 15808 0 8262 0 157393 0 0 0 DAVID STEPP Chief Info Officer/AVP Adv Srv 74917 0 0 0 75481 0 10558 0 7669 0 168625 0 0 0 PART I, LINE 1.a. GOLF CLUB FEES TOTALING $4,164 WERE PAID ON BEHALF OF WILLIAM BOLDT IN THE CALENDAR YEAR. FEES WERE NOT REPORTED AS TAXABLE INCOME AS THE FEES WERE PART OF STEWARDSHIP AND DONOR CULTIVATION. PART I, LINE 4.a. SEVERANCE TOTALING $62,500 WAS PAID TO THE FOLLOWING FORMER EMPLOYEES IN THE CALENDAR YEAR: DAVID STEPP - $62,500 PART I, Line 4.b. William Boldt participated in a Nonqualified Executive Deferred Compensation Plan in the calendar year. X 23977 2476792 AVG HIGH/LOW PRICE X AUCTION ITEMS 5 2630 SALE OF SIMILAR ITEM X BEVERAGES FOR EVENTS 1599 35469 SALE OF SIMILAR ITEM false true true THIRD PARTIES OR RELATED ORGANIZATIONS PART I, LINE 32B 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. NUMBER OF CONTRIBUTIONS PART II, COLUMN B THE AMOUNTS REPORTED IN PART II, COLUMN (B), ARE THE NUMBER OF CONTRIBUTIONS. DESCRIPTION OF ORGANIZATION MISSION Form 990, Part III, Line 1 Founded in 1963, the PSU Foundation raises and manages philanthropic contributions to Portland State University, Oregons only urban public research university. Over the last two decades, the foundation has transferred close to $300 million to PSU to support student and faculty success, program development, and capital construction. Serving more than 28,000 students a year, PSU is Portlands 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 of the most innovative colleges in the nation by U.S. News and World Report. The PSU Foundations current focus is a $300 million fund-raising campaign intended to grow private giving, deepen relationships with donors and alumni, and leverage philanthropy to advance the university. Giving 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,the PSU foundation directs donor stewardship activities, administers records,oversees reporting, and invests and manages financial resources in accordance with donor wishes. The PSU Foundations independent volunteer Board of Trustees helps promote PSUs mission and fund-raising priorities by leveraging expertise and relationships and committing personal resources. FORM 990 PROVIDED TO GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11A 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. FORM 990 REVIEW FORM 990, PART VI, SECTION B, LINE 11B 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C 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 his or her 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 himself or herself 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 or possible 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. OFFICER COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 IN JUNE 2019, 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. FINANCIAL STATEMENTS FORM 990, PART VI, SECTION C, LINE 19 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Other adjustment decrease of $1,196 BROADWAY HOUSING LLC 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 930619733 HOUSING OR 0 0 PSU FDN 2828 CORBETT INC 1600 SW 4th Ave Suite 730 PORTLAND OR 97201 202021524 PROPERTY MGMT OR 501 (C)(2) PSU FDN true ED & OLIVE BUSHBY SCHOLARSHIP FUND TRUST 100 PUBLIC SQUARE SUITE 600 CLEVELAND OH 44113 PERPETUAL TRUST OR KEY PRIVATE BNK Trust 70570 535175 1.00000 true HELEN J FEHRENBACHER CRUT 6325 S RAINBOW BLVD 3RD FLOOR HENDERSON NV 89009 CRUT OR WELLS FARGO Trust 5444 165761 1.00000 true false false true false false false false false false false false false false false true false false false false 2828 CORBETT INC c 462300 CASH