2018-02-23T10:57:44-06:00 2017-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2016-07-01 930619733 PORTLAND STATE UNIVERSITY FOUNDATION % William Boldt PORT 5037255863 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 STACEY HENRIQUEZ SR. DIR. OF FINANCE 5037255863 2018-02-15 Sue Robison P00560072 2069134000 2018-02-14 199.207.253.101 91023620180545000001 2018-02-23 P 1083E1CF269E2B1012874214C689E7C29CADCAEE 642138A8EB9C11D639CBD1F487E1B8DC97AA26B7 2016 2021-01-29 14:40:06Z STACEY HENRIQUEZ 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 44727686 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. 27 26 98 115 0 35530337 33281573 12069527 7817261 7496260 3286850 -467833 -471756 54628291 43913928 20652271 18477018 0 0 6605011 7042489 0 298143 4819619 6546423 1241571 33803705 27059221 20824586 16854707 101311149 123198395 5568829 7013062 95742320 116185333 X SEE SCHEDULE O false false 18477018 18477018 7817261 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, 2017, THE FOUNDATION AWARDED $18,477,018 TO THE UNIVERSITY; $3,370,835 FOR SCHOLARSHIPS & FELLOWSHIPS, $5,310,432 FOR CAPITAL PROJECTS, $9,302,023 FOR ACADEMIC SUPPORT, AND $493,728 FOR ADMINISTRATIVE SUPPORT. 18477018 true true false true 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 219 0 98 true false false false false false true true true 1 false false false X 27 26 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 DAVID ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 AL BARKOULI TRUSTEE 1.0 0.0 X 0 0 0 KEREN BROWN-WILSON SECRETARY 1.0 0.0 X 0 0 0 HERMANN COLAS TRUSTEE 1.0 0.0 X 0 0 0 KIMBERLY COOPER CHAIR 1.0 0.0 X 0 0 0 MARY DICK TRUSTEE 1.0 0.0 X 0 0 0 LES FAHEY 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 ERIK LAWRENCE 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 PETE NICKERSON TRUSTEE 1.0 0.0 X 0 0 0 TAMMY NEITZKE TREASURER 1.0 0.0 X 0 0 0 MARK ROSENBAUM PAST CHAIR 1.0 0.0 X 0 0 0 PAUL SCHLESINGER TRUSTEE 1.0 0.0 X 0 0 0 LINDSAY STEWART TRUSTEE 1.0 0.0 X 0 0 0 BARRE STOLL TRUSTEE 1.0 0.0 X 0 0 0 KAY TORAN TRUSTEE 1.0 0.0 X 0 0 0 WALLY VAN VALKENBURG VICE CHAIR 1.0 0.0 X 0 0 0 DON VOLLUM SECRETARY 1.0 0.0 X 0 0 0 JOHN WHEARTY TRUSTEE 1.0 0.0 X 0 0 0 WIM WIEWEL TRUSTEE 1.0 0.0 X 0 0 0 LINDA WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 LISA ARTH CHIEF OF STAFF 40.0 0.0 X 35407 0 1507 WILLIAM BOLDT PRESIDENT/CEO 40.0 0.25 X 153006 0 7031 SYLVIAN BULL EXECUTIVE DIRECTOR 40.0 0.0 X 145679 0 25723 STACEY HENRIQUEZ SR. DIRECTOR OF FINANCE 40.0 0.25 X 127723 0 20484 BRIAN HESS ASSOCIATE VP FOR DEVELOPMENT 40.0 0.0 X 126255 0 28856 SARAH SCHWARZ CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 115717 0 31818 DAVID STEPP CHIEF INFORMATION OFFICER 40.0 0.0 X 135110 0 24394 KRISTEN NORQUIST DIRECTOR OF PRINCIPAL GIFTS 40.0 0.0 X 104289 0 24557 LESLIE REED FORMER DIR.OF DEVELOPMENT,COTA 40.0 0.0 X 108511 0 17835 PATRICK REGAN FORMER SR.DIRECTOR OF DEV-CLAS 40.0 0.0 X 114832 0 13733 1166529 0 195938 9 true true false RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 PHONATHON SERVICES 284762 1 1508810 12850 31759913 2767527 33281573 CONTRACT SERVICE REVENUE 541900 6964007 6964007 OTHER PROGRAM SERVICE REVENUE 900099 204391 204391 SPECIAL EVENTS 900099 648863 648863 7817261 3286850 3286850 0 0 0 0 0 0 342002 1508810 813758 -471756 -471756 0 0 0 0 0 0 0 43913928 7817261 2815094 18477018 18477018 0 0 0 1750280 650484 1099796 0 3532005 1453593 2078412 520200 186162 334038 793110 347375 445735 446894 174148 272746 0 46767 46704 63 82320 82320 -12796 -12796 298143 298143 47208 47208 0 24860 21627 3233 0 0 0 0 94125 86482 7643 0 0 29177 29177 0 94600 94600 27982 27982 EQUIPMENTAL RENTAL 10774 5103 5671 MEALS AND ENTERTAINMENT 103482 40896 62586 MISCELLANEOUS 679204 467824 211380 MAINTENANCE & REPAIRS 13868 13695 173 27059221 18477018 3762584 4819619 41683 150 1721348 6527986 16627573 16602786 231858 5829 0 0 0 0 0 0 0 0 318768 259415 2115509 636742 445120 1478767 80287679 96773177 0 0 1151094 1151094 0 0 486026 399191 101311149 123198395 1023202 1006447 724657 894976 65025 100100 0 0 0 0 0 0 111236 992206 0 0 3644709 4019333 5568829 7013062 X 3422767 4271225 41645430 55958997 50674123 55955111 95742320 116185333 101311149 123198395 16854707 3588306 X false true X true false X 19202989 21298058 25380353 35530337 33281573 134693310 0 0 19202989 21298058 25380353 35530337 33281573 134693310 15535259 119158051 3604116 4134278 4716258 3405068 6875157 22734877 0 226284 291375 236269 312625 342002 1408555 158836742 52401203 0.75019 0.76530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true false false false PART I-A Portland State University Foundations CEO and some members of the Board of Trustees engaged directly with state legislators to support legislation beneficial to Portland State University. Portland State University Foundation also engaged a lobbyist to coordinate efforts to contact state legislators. Additionally, Portland State University Foundation contributed to the Yes for PSU PAC as part of its effort to fulfill its mission to support Portland State University. The Yes for PSU PAC was formed to support a local ballot initiative to create additional funding for scholarships for students from the tri-county area, teachers, and student support. As a result of the ballot initiative, the College Affordability and Success Coalition was formed, comprised of PSU governing and foundation board members and business leaders in the metropolitan area. The task of the Coalition is to develop and execute a detailed plan of action with the goal of assuring PSU a minimum of $25 million per year in new and discrete funding by 2019. The additional funding will be used to provide economically disadvantaged students from the tri-county area with scholarships and resources that support their academic success. 58371675 6417865 6712006 2193081 805080 68503385 54155161 7662006 -1603591 1053285 788616 58371675 52304913 3602384 849338 1846055 755419 54155161 44053700 4325231 6345950 1767455 652513 52304913 38548541 4053085 3521432 1486512 582846 44053700 0.14000 0.86000 false false 0 0 0 0 0 0 0 0 839710 564246 275463 1275800 72496 1203304 1478767 0 ENDOWMENTS HELD FOR PSU 2530807 OBLIGATIONS TO TRUST BENEF. 1488526 LIFE INCOME PAYABLE 0 4019333 48315992 3588306 813758 4402064 43913928 43913928 27872979 813758 813758 27059221 27059221 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 $813,758 - RECLASS FUNDRAISING DIRECT EXPENSES EXPENSES - OTHER ADJUSTMENTS PART XII, LINE 2D $813,758 - RECLASS FUNDRAISING DIRECT EXPENSES true WINE & ROSES 473083 370621 102462 46859 92694 AWARDS DINNER 712740 606201 106539 140440 254791 129057 4 664988 531988 133000 54373 24252 71292 1850811 1508810 342001 241672 279043 293043 813758 -471757 141949 52056 12692 true 1.00000 141949 52056 12692 64748 77201 true false false false 1.00000 STACEY HENRIQUEZ 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 false true PORTLAND STATE UNIVERSITY PO BOX 751 PORTLAND OR 97207 936001786 UNIVERSITY 18477018 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 X X X false false false false false false false false false WILLIAM BOLDT PRESIDENT/CEO 153006 0 0 0 0 0 0 0 7031 0 160037 0 0 0 SYLVIAN BULL EXECUTIVE DIRECTOR 145679 0 0 0 0 0 17346 0 8377 0 171402 0 0 0 BRIAN HESS ASSOCIATE VP FOR DEVELOPMENT 126255 0 0 0 0 0 14745 0 14111 0 155111 0 0 0 DAVID STEPP CHIEF INFORMATION OFFICER 135110 0 0 0 0 0 16156 0 8238 0 159504 0 0 0 LESLIE REED FORMER DIR.OF DEVELOPMENT,COTA 108511 0 0 0 0 108511 0 PATRICK REGAN FORMER SR.DIRECTOR OF DEV-CLAS 114832 0 0 0 0 114832 0 X 54 2151469 AVG HIGH/LOW PRICE X AUCTION ITEMS 166 51268 SALE OF SIMILAR ITEM X Wine for events 3 24790 SALE OF SIMILAR ITEM X REAL PROPERTY 1 540000 FAIR MARKET VALUE 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 more than $200 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. THE FORM 990 IS DISCUSSED IN DETAIL AT THE AUDIT COMMITTEE MEETING. KPMG, THE TAX PREPARER, ATTENDED THE AUDIT COMMITTEE MEETING. 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 April 2017, the executive committee, comprised of independent members of the Board of Trustees, reviewed and determined compensation to hire the new president/CEO of the organization based on comparability data (such as compensation surveys and Forms 990 of other organizations). 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 Boards 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. 2828 CORBETT INC 1600 SW 4th Ave Suite 730 PORTLAND OR 97201 202021524 PROPERTY MGMT OR 501 (C)(2) PSU FDN true NONE Ed & Olive Bushby Scholarship Fund Trust 100 PUBLIC SQUARE SUITE 600 CLEVELAND OH 44113 CRUT OR BANK OF AMERICA Trust 7192 445254 1.00000 Helen J Fehrenbacher CRUT 6325 S RAINBOW BLVD 3RD FLOOR HENDERSON NV 89009 CRUT OH KEY PRIVATE BNK Trust 11401 153838 1.00000 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