2019-03-08T13:30:07-06:00 2018-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2017-07-01 316402269 The Ohio University Foundation OHIO 7405931901 PO Box 869 Athens OH 45701 Deborah J Shaffer Treasurer 2019-03-08 true Rachel Spurlock P00520729 5023263996 2017 2019-02-21 02:37:17Z Nico Karagosian PO Box 869 Athens OH 45701 172131221 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. 37 34 99 600 116662 0 22221685 24836416 0 8132733 22038063 585223 318844 30939641 47193323 23984128 27105086 0 8314616 8752969 565954 482232 10076612 7362168 8325848 40226866 44666135 -9287225 2527188 541310679 559431920 9644200 13362251 531666479 546069669 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 2017 The Ohio University Foundation received thousands of gifts totaling approximately of $20 million. false false 30106013 27105086 519868 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 2018, The Ohio University Foundation provided $9.3 million in support for instruction and research, $7.6 million in student aid, and $10.3 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 2018 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. 30106013 true true false false false true false false false true true true false false true true false true false false true false false true true false false true false true false false false false false false false false true false false false true true true true false false true 281 0 true 99 true true true true CJ false false false true true true false false false false false false X 37 34 false false false false false false false true true false true true true true true true true true true true false CA FL GA AL HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OK OR PA RI SC TN UT VA AR WV WI X Candice Casto 7405931901 Ohio University WUSOC 168 Athens OH 457012979 Perry A Sook Chair 4.0 X 0 0 0 R Emmett Boyle Vice Chair (Partial Year) 4.0 X 0 0 0 Janice L Scites Vice Chair 4.0 X 0 0 0 I Robert Rudy Secretary (Partial Year) and Vice Chair 4.0 X 0 0 0 Beverly Jones Secretary 1.0 X 0 0 0 J Bryan Benchoff President & CEO (Partial Year) 40.0 X 177497 0 30428 Thomas Davis Interim President & CEO (Partial Year) 40.0 X 115886 0 20882 Nico Karagosian President & CEO 40.0 X 0 0 0 Deborah Shaffer Treasurer & CFO 4.0 36.0 X 0 299406 70782 Patricia A Ackerman Trustee (Partial Year) 1.0 X 0 0 0 Susan J Ackerman Trustee 1.0 X 0 0 0 Sandra J Anderson Trustee 1.0 X 0 0 0 Melissa Wervey Arnold Trustee 1.0 X 0 0 0 William Ball Trustee 1.0 X 0 0 0 Cynthia Calhoun Trustee 1.0 X 0 0 0 Casey Christopher Trustee 1.0 X 0 0 0 Charles Cuini Trustee 1.0 X 0 0 0 Norman E DeWire Trustee 1.0 X 0 0 0 Dick Dickerson Trustee 1.0 X 0 0 0 R Scott Durcanin Trustee 1.0 X 0 0 0 James Edwards Trustee 1.0 X 0 0 0 Alex J Garcia Jr Trustee (Partial Year) 1.0 X 0 0 0 Paul Gydosh Trustee 1.0 X 0 0 0 Donny Harrison Trustee 1.0 X 0 0 0 Ann Wagner Hill Trustee 1.0 X 0 0 0 William D Hilyard Trustee 1.0 X 0 0 0 Janis Jones Trustee 1.0 X 0 0 0 Thomas Kostohryz Trustee 1.0 X 0 0 0 David Levy Trustee 1.0 X 0 0 0 Jeffrey Loewy Trustee 1.0 X 0 0 0 Dennis Minichello Trustee 1.0 X 0 0 0 Susan Weiss Mulgrew Trustee 1.0 X 0 0 0 M Duane Nellis Trustee 8.0 32.0 X 0 306225 42870 Charles L Patton Jr Trustee (Partial Year) 1.0 X 0 0 0 Eric Peterson Trustee 1.0 X 0 0 0 Jacqueline Reau Trustee 1.0 X 0 0 0 Dave Scholl Trustee 1.0 X 0 0 0 Jeffrey A Stanley Trustee (Partial Year) 1.0 X 0 0 0 Frank B Stevens Trustee 1.0 X 0 0 0 Daryl Sybert Trustee 1.0 X 0 0 0 Peggy Viehweger Trustee 1.0 X 0 0 0 Byron Ward Trustee (Partial Year) 1.0 X 0 0 0 Thomas Weihe Trustee 1.0 X 0 0 0 Robert Wolfinger Trustee 1.0 X 0 0 0 David Wolfort Trustee 1.0 X 0 0 0 Melvin Blackburn Jr Assistant VP for Development & Associate Campaign Manager 40.0 X 264783 0 60672 Joseph Pauwels Assistant VP, Advancement Svcs 40.0 X 158588 0 53973 Candice Casto Assistant Vice President, Foundation Finance and Administration 40.0 X 147857 0 51418 Kelli Kotowski Executive Director, Gift Planning 40.0 X 143943 0 31836 Ellen Fultz Executive Director of Development, University Wide Initiatives 40.0 X 121947 0 48578 Patrick Murphy Chief External Relations Officer, Heritage College of Osteopathic Medicine 40.0 X 119850 0 16950 Jennifer Bowie Executive Director, Advancement Comm & Mktg 40.0 X 118566 0 19668 Robin Stock Executive Director of Development, Major Giving 40.0 X 110153 0 46649 1479070 605631 494706 20 false true false Hirtle Callaghan & Co 300 Barr Harbor Dr Ste 200 West Conshohocken PA 19428 Investment Management 484039 Wilson-Bennett Technology 140 Professional Dr Ste 2 Cabot AR 72023 Fundraising 482232 Arden Asset Management LLC 375 Park Ave 32nd Floor New York NY 10152 Investment Managment 241051 TIAA Kaspick 211 North Broadway Suite 1000 St Louis MO 63102 Investment Mgt/Gift Admin 208319 Beachpoint Capital Management 1620 26th Street Suite 6000 Santa Monica CA 90404 Investment Management 144717 9 130799 4713848 19991769 1351415 24836416 0 0 0 0 0 13080851 33941 13046910 5954 5954 711969 990362 -278393 0 -278393 -278393 132682957 70000 123599245 196500 9083712 -126500 8957212 8957212 93564 130799 104870 -11306 -11306 129642 46921 82721 82721 Revenues from sales, services, and events 453220 344840 344840 Miscellaneous Revenue 900099 175028 175028 0 0 0 0 519868 47193323 519868 116662 21720377 27105086 27105086 1093342 421152 672190 6612316 915240 280309 5416767 694431 123927 28070 542434 273036 72603 9862 190571 79844 12366 3320 64158 164150 164150 482232 482232 3322919 3322919 852969 189501 52379 611089 190380 98253 92127 1144794 765390 9601 369803 552514 21548 70803 460163 315832 6048 8501 301283 827402 268065 46996 512341 684100 410739 17531 255830 7308 7308 46568 1560 15654 29354 Repairs and Maintenance 35725 25064 4036 6625 181187 90623 28227 62337 44666135 30106013 4483510 10076612 54358462 54494163 13931758 12764259 278141 1072068 0 0 0 104505 119620 196149 9309683 3369414 6210164 5940269 339896849 371319372 106084697 93240015 0 20430988 20301120 541310679 559431920 714652 1030435 0 8929548 12331816 9644200 13362251 X 6051911 7303236 311428546 314531363 214186022 224235070 531666479 546069669 541310679 559431920 X 2527188 12354513 -478511 X false true X true false X 19128929 31197985 30110594 15113159 19642030 115192697 0 0 19128929 31197985 30110594 15113159 19642030 115192697 4783554 110409143 12994427 12190025 12639831 11601671 13798774 63224728 0 73576 12956 79456 88821 93564 348373 178765798 31672957 0.6176 0.5631 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 73576.0, COLUMN B - 12956.0, COLUMN C - 79456.0, COLUMN D - 88821.0, COLUMN E - 93564.0, COLUMN F - 348373.0; 1 0 49249 1308877 true true 448292661 9248745 29419529 15556822 7658561 463745552 402487222 12345071 50181269 0 9419123 7301778 448292661 422259944 14655102 -13339135 0 13894607 7194082 402487222 434142124 12895415 -5636068 0 12680259 6461268 422259944 378614000 10814821 62255001 0 11745258 5796440 434142124 0.3277 0.6723 0.0 false false 2539532 2539532 6129396 3035750 3093646 555755 333664 222091 85000 85000 5940269 5471932 F Private Equity Fund 30953300 F Private Real Estate Fund 2311834 F Commodities Fund 3751037 F Hedge Fund 50751912 F 93240015 Charitable Trust Obligations 2801295 Deposits Held in Custody for Others 1915591 Annuities Payable 1705473 Due to Affiliate - Ohio University 5727404 Other liabilities 182053 12331816 X 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. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and to recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2018 and 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes that it is no longer subject to income tax examinations for years prior to June 30, 2015. Central America and the Caribbean 0 0 Investments 73148996 0 0 0 0 0 0 73148996 0 73148996 true false true false true false X X X X X X true Wilson-Bennett Technology Inc 140 Professional Dr Suite 2 Cabot AR 72023 Fundraising false 240991 482232 -241241 240991 482232 -241241 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 EASTERN CAMPUS FUNDRAISER 42930 27500 15430 0 0 500 11225 700 329 CLEVELAND OHIO MEMORIAL GOLF FUNDRAISER 27040 16695 10345 600 148 5328 11765 0 5725 10 150058 84262 65796 2021 1946 28843 27022 945 27632 220028 128457 91571 2621 2094 34671 50012 1645 33686 124729 -33158 Schedule G, Part I, Line 2b(vi) Amount paid to (or retained by) the organization The contract with Wilson-Bennett Technology was terminated at the end of FY18. At this time, the Foundation is reviewing the annual giving program and considering ways to improve the rate of return for telemarketing services. Schedule G, Part I, Line 2b Professional Fundraiser The telemarketing services agreement between Wilson-Bennett Technology and Ohio University provides for a twelve-month-a-year, on-campus telephone fundraising program. The agreement is set up that Wilson-Bennett completes a set amount of program calling hours for the year, along with paying the student caller wages, and the company's management fee. The program also includes program set-up and consulting, data services, writing services, equipment, subscription services, pledge reminder services, thank you calls and emails, and telephone appeals. Revenue streams and cost factors: As indicated in schedule G, the telephone fundraising program generated $240,991 in revenues during fiscal year 2018, at a cost of $482,232. Other considerations: As part of the telephone fundraising program, thousands of calls and solicitations are completed each fiscal year. There is a distinct intangible value in connecting with alumni. 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. Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. WILSON-BENNETT TECHNOLOGY INC-THE TELEMARKETING SERVICES AGREEMENT BETWEEN WILSON-BENNETT TECHNOLOGY AND OHIO UNIVERSITY PROVIDES FOR A TWELVE-MONTH-A-YEAR, ON-CAMPUS TELEPHONE FUNDRAISING PROGRAM. THE AGREEMENT IS SET UP THAT WILSON-BENNETT COMPLETES A SET AMOUNT OF PROGRAM CALLING HOURS FOR THE YEAR, ALONG WITH PAYING THE STUDENT CALLER WAGES, AND THE COMPANY'S MANAGEMENT FEE. THE PROGRAM ALSO INCLUDES PROGRAM SET-UP AND CONSULTING, DATA SERVICES, WRITING SERVICES, EQUIPMENT, SUBSCRIPTION SERVICES, PLEDGE REMINDER SERVICES, THANK YOU CALLS AND EMAILS, AND TELEPHONE APPEALS. OHIO UNIVERSITY IS RESPONSIBLE FOR PROVIDING THE FOLLOWING TO WILSON-BENNETT: CALLABLE DATABASE, INTERNET CONNECTIONS, COMPUTERS, PAYMENT FOR VOIP CALLING MINUTES AND PLEDGE REMINDER POSTAGE, SPACE FOR THE CALL CENTER, PRINTED MATERIALS FOR THE CALL CENTER AS NEEDED, OFFICE SUPPLIES, A STAFF MEMBER TO LIAISON WITH THE CALL CENTER MANAGING, ASSISTANCE WITH PROMOTING RECRUITING, PROVIDING ANNUAL GIVING CALENDARS AND ACTIVITY UPDATES THAT MAY IMPACT CALLING, PREVIOUS SEGMENTATION AND SCRIPTS, AND ASSISTING IN SCRIPT PREPARATION.; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses WILSON-BENNETT TECHNOLOGY INC-THE CONTRACT WITH WILSON-BENNETT TECHNOLOGY WAS TERMINATED AT THE END OF FY18. AT THIS TIME, THE FOUNDATION IS REVIEWING THE ANNUAL GIVING PROGRAM AND CONSIDERING WAYS TO IMPROVE THE RATE OF RETURN FOR TELEMARKETING SERVICES.; true Ohio University Cutler Hall 108 Athens OH 45701 316402113 State of Ohio 27105086 INSTRUCTION, STUDENTS, 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 J Bryan Benchoff President & CEO (Partial Year) 139594 0 0 0 37903 0 19892 0 10536 0 207925 0 0 0 Deborah Shaffer Treasurer & CFO 0 299356 0 0 0 50 0 42840 0 27942 0 370188 0 0 M Duane Nellis Trustee 0 263086 0 0 0 43139 0 37028 0 5842 0 349095 0 0 Melvin Blackburn Jr Assistant VP for Development & Associate Campaign Manager 264368 0 240 0 175 0 37995 0 22677 0 325455 0 0 0 Joseph Pauwels Assistant VP, Advancement Svcs 158468 0 120 0 0 0 23317 0 30656 0 212561 0 0 0 Candice Casto Assistant Vice President, Foundation Finance and Administration 147857 0 0 0 0 0 21627 0 29791 0 199275 0 0 0 Kelli Kotowski Executive Director, Gift Planning 143498 0 270 0 175 0 20608 0 11228 0 175779 0 0 0 Ellen Fultz Executive Director of Development, University Wide Initiatives 121707 0 240 0 0 0 18140 0 30438 0 170525 0 0 0 Robin Stock Executive Director of Development, Major Giving 110153 0 0 0 0 0 16411 0 30238 0 156802 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, upon hire, 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. Dr. Davis's compensation level was determined utilizing similar salary benchmarks and job responsibilities in accordance with our executive compensation philosophy. 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 residence for Dr. M. Duane Nellis, in his capacity as President of the University. This benefit is reported as taxable compensation. X 93 1266415 Market value X 1 85000 Market value 2 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - 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 17,497 of which the number of W-2s reported and filed for 2017 by OU for OUF, was approximately 99. 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 281. 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, upon hire, 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. Dr. Davis's compensation level was determined utilizing similar salary benchmarks and job responsibilities in accordance with our executive compensation philosophy. 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 and Ohio University President M. Duane Nellis, 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 2016 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 - 2027; Uncollectible pledges written off - -480538; Fritz J and Dolores H Russ Holdings LLC Ohio University WUSOC 168 Athens OH 45701 Real Estate OH 96950 826994 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 711969 4161536 Fritz J and Dolores H Russ Holdings LLC Russ Center North LLC OHIO UNIVERSITY WUSOC 168 ATHENS OH 45701 Real Estate OH 59651 920192 FRITZ J AND DELORES H RUSS HOLDINGS LLC Ohio University Cutler Hall Room 108 Athens OH 45701 316402113 University OH NA false Sugarbush Foundation 206 McGuffey Hall Athens OH 45701 204352434 Supporting Foundation OH 501(c)(3) Type I The Ohio University Foundation true Housing for Ohio Inc Ohio University WUSOC 168 Athens OH 45701 311691089 Student Housing 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 5836008 7422764 1 true SCHOLARSHIP TRUST FUND OUF PO BOX 869 ATHENS OH 45701 206887884 PROVIDE SCHOLARSHIPS OH NA Trust CHARITABLE REMAINDER TRUST (CA-1) PROVIDE SUPPORT TO UNIVERSITY CA NA Trust CHARITABLE REMAINDER TRUST (FL-1) PROVIDE SUPPORT TO UNIVERSITY FL NA Trust CHARITABLE REMAINDER TRUST (GA-1) PROVIDE SUPPORT TO UNIVERSITY GA NA Trust CHARITABLE REMAINDER TRUST (MD-1) PROVIDE SUPPORT TO UNIVERSITY MD NA Trust CHARITABLE REMAINDER TRUST (OH-8) PROVIDE SUPPORT TO UNIVERSITY OH NA Trust false true true false false false false false false false true false false true true true true true true The Sugar Bush Foundation C 406396 Cash