2018-02-26T15:00:08-06:00 2017-06-30 350921680 CROWE HORWATH LLP 155 West Nationwide Blvd Suite 500 Columbus OH 432152570 990 2016-07-01 237019799 Wright State University Foundation Inc WRIG 9377752869 3640 Colonel Glenn Hwy 375 Fnd Bldg Dayton OH 454350001 Robert Batson CFO 2018-02-26 true Rachel Spurlock P00520729 6144690001 2016 2021-01-29 14:40:06Z Rebecca S Cole 3640 Colonel Glenn Highway Dayton OH 454350001 16238785 false X www.wright.edu/giving X 1966 OH To secure, manage, and distribute private support to enhance the growth and development of Wright State University such that it can provide quality educational experiences for students, conduct scholarly research, and service the community. 24 24 3 50 25546 18382 9213496 4258691 0 8479254 3774320 36527 265374 17729277 8298385 10533563 9824027 0 384624 532213 299208 61597 1037528 1719773 1628361 12937168 12046198 4792109 -3747813 132068223 137236585 4249541 4485810 127818682 132750775 X We are the successors of a group of far-sighted community leaders who, in 1966, formed a separately incorporated not-for-profit foundation to encourage private donations to Wright State University. Today as then, the WSU Foundation's sole mission is to raise, manage and distribute private support to help the University accomplish its strategic goals. Our most recent campaign, "Rise. Shine. The Campaign for Wright State University." successfully raised over $167 million in private support. We manage over $135 million in assets so generously provided by our alumni and other community partners, and annually distribute millions of dollars to the University in support of its students, faculty and programs. false false 5530834 5530834 SUPPORT FOR VARIOUS ACADEMIC AND SUPPORT FUNCTIONS AT WRIGHT STATE UNIVERSITY ALLOWS ADMINISTRATORS FLEXIBILITY TO DELIVER QUALITY PROGRAMS TO THEIR CONSTITUENCIES. THESE CONTRIBUTIONS SUPPLEMENT THE UNIVERSITY'S BUDGET ALLOCATION AND ALLOW PROGRAM MANAGERS TO OFFER UNIQUE AND CREATIVE LEARNING OPPORTUNITIES FOR STUDENTS. DURING THE CURRENT YEAR, 31% OF EXPENSES IN THIS AREA RELATED TO PARTIAL OR COMPLETE SUPPORT OF PROGRAM PERSONNEL THAT OTHERWISE WOULD NOT HAVE BEEN SUPPORTED BY THE UNIVERSITY'S OPERATING BUDGET. PROCEEDS IN THIS AREA ARE ALSO USED TO CONSTRUCT, RENOVATE AND REHABILITATE UNIVERSITY FACILITIES. 3037346 3037346 STUDENTS AT WRIGHT STATE UNIVERSITY RECEIVE A QUALITY EDUCATION THAT IS PAID PARTLY BY TUITION AND PARTLY BY STATE SUBSIDY. THE LATTER REVENUE SOURCE HAS DECLINED IN RECENT YEARS THEREBY MAKING IT MORE DIFFICULT TO FINANCE A COLLEGE EDUCATION. ALTHOUGH WRIGHT STATE REMAINS ONE OF THE MOST AFFORDABLE PUBLIC INSTITUTIONS IN OHIO, THE FOUNDATION SEEKS TO OFFSET THE LOSS OF STATE TUITION SUBSIDIES BY RAISING PRIVATE CONTRIBUTIONS IN SUPPORT OF STUDENT TUITION PAYMENTS. DISTRIBUTIONS OF STUDENT FINANCIAL AID TOTALED $3,037,346 DURING THE YEAR. 495393 495393 SCHOLARLY RESEARCH IS A CORE PART OF WRIGHT STATE UNIVERSITY'S MISSION. THE FOUNDATION SEEKS TO ENHANCE FUNDING FOR THESE ACTIVITIES BY RAISING PRIVATE SUPPORT THAT PROVIDES PERSONNEL AND OPERATING COST COVERAGE FOR VARIOUS PROJECTS. MANY, ALTHOUGH NOT ALL, OF THE UNIVERSITY-SUPPORTED RESEARCH PROGRAMS ARE IN THE FIELD OF MEDICINE. 426541 426541 ATHLETIC PROGRAMS 333913 333913 THE FOUNDATION ENTERTAINS REQUESTS TO ASSIST WITH FUNDING VARIOUS UNIVERSITY PROJECTS FOR THE BETTERMENT OF THE ENTIRE CAMPUS COMMUNITY. THE MAJORITY OF EXPENSES IN THE CURRENT FISCAL YEAR WERE MADE IN SUPPORT OF THE SCIENCE OLYMPIAD HOSTED BY THE UNIVERSITY AND ATTENDED BY MORE THAN 2,000 STUDENTS, COACHES AND PARENTS. GRANTS WERE ALSO MADE IN SUPPORT OF THE UNIVERSITY'S VARIOUS PROMOTION AND OUTREACH EFFORTS. TOTAL GRANT EXPENDITURES AMOUNTED TO $243,545. 760454 760454 9824027 true true false false false false false false true true true true false false true true true true false false true false false true false false false true true true false false false false false false false false true false false false true true false false false true 7 0 true 3 true true true false false false false true true false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false X X Robert T Batson CFP(r) 9377752869 3640 Colonel Glenn Highway Dayton OH 454350001 John Lyman Chair 1.0 X X 0 0 0 Travis Greenwood Vice Chair 1.0 X X 0 0 0 Jeffrey Lightner Treasurer 1.0 X X 0 0 0 Andrea Kunk Secretary 1.0 X X 0 0 0 Ronald Cloyd Trustee 1.0 X 0 0 0 David McSemek TRUSTEE 1.0 X 0 0 0 Martha Balyeat Trustee 1.0 X 0 0 0 Eric Bigler Trustee 1.0 X 0 0 0 Doug Cook Trustee 1.0 X 0 0 0 David Deptula Trustee 1.0 X 0 0 0 Tom Duncan Trustee 1.0 X 0 0 0 Joni Fedders Trustee 1.0 X 0 0 0 Stephen Hightower Trustee 1.0 X 0 0 0 Bruce Kline Trustee 1.0 X 0 0 0 Brian Kohr Trustee 1.0 X 0 0 0 Gene Leber Trustee 1.0 X 0 0 0 William Montgomery Trustee 1.0 X 0 0 0 Ronald D Amos Trustee 1.0 X 0 0 0 Bill Diederich Trustee 1.0 X 0 0 0 Pamela vonMatthiessen Trustee 1.0 X 0 0 0 Debra Downing Trustee 1.0 X 0 0 0 Michael Bridges Trustee 1.0 X 0 0 0 Angela Loyd Trustee 1.0 X 0 0 0 Brittany Hart Trustee 1.0 X 0 0 0 Donna Back Trustee (partial year) 1.0 X 0 0 0 Rebecca Cole President 10.0 30.0 X 0 243343 37982 William Shepard Vice President (resigned April, 2017) 10.0 30.0 X 0 150504 38228 Robert T Batson CFO 10.0 30.0 X 0 132451 32668 Andrea Wall Assistant Secretary 10.0 30.0 X 0 45058 12434 0 571356 121312 0 false true false SEI 1 Freedom Valley Drive Oaks PA 19456 INVESTMENT MANAGER 796095 1 4258691 638434 4258691 0 0 0 0 0 3324710 25546 3299164 74096 74096 0 74096 74096 8390010 7940400 449610 0 449610 449610 Miscellaneous Income 900099 191278 191278 0 0 0 0 191278 8298385 0 25546 4014148 6786681 6786681 3037346 3037346 403494 403494 128719 128719 19806 19806 31903 31903 61597 61597 801708 801708 86926 0 51724 35202 75256 3829 71427 231642 12621 219021 91301 91301 0 120098 2062 118036 8828 8828 122112 122112 MISCELLANEOUS 38781 38749 32 0 0 0 0 12046198 9824027 1184643 1037528 1047519 3751810 1764 12381300 9980600 0 0 0 2845763 435740 2532135 2410023 96626941 98848902 16347000 18915992 0 3131564 3329258 132068223 137236585 184947 129998 1957705 2056483 600000 400000 1506889 1899329 4249541 4485810 X 5204186 7549356 78655374 80664493 43959122 44536926 127818682 132750775 132068223 137236585 X -3747813 8979369 -299463 X false true X true false X 7543181 9487402 11572187 9213496 4258691 42074957 0 0 7543181 9487402 11572187 9213496 4258691 42074957 5918884 36156073 3280922 2203942 3650387 7382905 3398806 19916962 3932 0 2258 2406 26651 35247 52046 839184 112415 0 191278 1194923 63222089 0 0.5719 0.5941 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 52046.0, COLUMN B - 839184.0, COLUMN C - 112415.0, COLUMN D - 0.0, COLUMN E - 191278.0, COLUMN F - 1194923.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 84808864 527645 9132092 4682234 89786367 92150379 1065020 -1658461 6748074 84808864 93411764 1767157 2235066 5263608 92150379 84195844 4727493 9001610 4513183 93411764 76972250 2233453 7516400 2526259 84195844 0.4139 0.496 0.0901 false false 173000 173000 2644131 417332 2226799 28632 18408 10224 2410023 Limited Partnerships 537568 F Alternative Assets 18378424 F 18915992 Due to Wright State University 1524729 Annuities Payable 374600 1899329 X 16552071 8979369 76025 9055394 7496677 801708 0 801708 8298385 11619978 375488 375488 11244490 801708 0 801708 12046198 Schedule D, Part IV, Line 2b Explanation of escrow agreement WSU Foundation holds and invests assets on behalf of the Western Ohio Education Foundation (WOEF) and the WSU Alumni Association (WSUAA). WOEF is the educational foundation that benefits the Lake Campus branch of Wright State University, located in Celina, Ohio. WSUAA is an association of former Wright State students that encourages continued interaction with the University. Both entities share proportionately in the investment earnings and losses of the WSU Foundation non-endowed portfolio, including fees charged by professional investment managers. Assets deposited by WOEF and WSUAA with the WSU Foundation may be withdrawn or supplemented at any time with little or no notice required. Assets on deposit at the end of the fiscal year are included in the "investments in securities" line of the WSU Foundation statement of activities. The related liability is listed as "deposits held in custody for others." Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds have been established with the Foundation to support three major program areas; academic and support programs, student financial aid and research. Specifically, endowments fund program operations, student scholarships and awards, department chair positions, professorships, student support programs and individual research projects. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation has been approved under the Internal Revenue Code Section 501(c)(3) as a nonprofit organization exempt from federal taxes on its normal activities. However, the Foundation is subject to federal income tax on any unrelated business taxable income. The Foundation files tax returns in the U.S. federal jurisdiction. GAAP prescribes recognition thresholds and measurement attributes for the consolidated financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2017 and 2016, respectively. The Foundation does not have any tax benefits recorded at June 30, 2017, and does not expect that position to significantly change in the next year. The Foundation would recognize interest and/or penalties related to income tax matters in income tax expense, if applicable, and there were no amounts accrued for interest and penalties at June 30, 2017 and 2016. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - 65217 CHANGE IN VALUE OF CSV OF LIFE INSURANCE - 10808 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 WRITE OFF OF UNCOLLECTIBLE PLEDGES - 375488 Central America and the Caribbean 0 0 Investments 9457000 0 0 0 0 0 0 9457000 0 9457000 true false true true false false X X X X X true Snavely Associates 112 W FOSTER AVE SUITE 401 STATE COLLEGE PA 16801 Development of campaign theme, communications false 12587 -12587 Angelia K Hopkins 11 Magnolia Blossom Dr Bluffton SC 299104924 Donor cultivation/campaign event planning false 28960 -28960 Plus Delta Partners 6965 El Camino Real Ste 105-488 Carlsbad CA 92009 FUNDRAISER TRAINING false 8000 -8000 HRS & S LLC dba Catapult Creative 10 N Ludlow St Lobby Dayton OH 45402 Fundraising video production false 12050 -12050 0 61597 -61597 OH true Wright State University 3640 Col Glenn Hwy Dayton OH 45435 310732831 State University 7162169 0 N/A N/A Institutional support 1 0 SCHOLARSHIPS 1344 3037346 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. All expenditures of grant proceeds for program support, research, athletics and miscellaneous grants are subject to approval of the Foundation's CFO or his/her designee. Prior to approval, the CFO reviews the purpose of the expenditure in conjunction with donor restrictions as specified in gift agreements and other related gift documents. With respect to scholarship awards, grant proceeds are released to the Financial Aid Office of Wright State University, a related tax-exempt organization, which credits individual student accounts in the amount of scholarships awarded. false false false false false false false false false Rebecca Cole President 0 230809 0 0 0 12534 0 32742 0 5240 0 281325 0 0 William Shepard Vice President (resigned April, 2017) 0 149838 0 0 0 666 0 21426 0 16802 0 188732 0 0 Robert T Batson CFO 0 131378 0 0 0 1073 0 18974 0 13694 0 165119 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The compensation of the CEO of the organization is reviewed and approved by the board of trustees of Wright State University. The board uses comparability data, surveys and other sources to determine compensation. The last compensation review was performed and documented in FY17. X 17 638434 Market value 1 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Form 990, Part III, Line 4d Description of other program services (Expenses $ 426,541 including grants of $ 426,541) ATHLETIC PROGRAMS Form 990, Part III, Line 4d Description of other program services (Expenses $ 333,913 including grants of $ 333,913) THE FOUNDATION ENTERTAINS REQUESTS TO ASSIST WITH FUNDING VARIOUS UNIVERSITY PROJECTS FOR THE BETTERMENT OF THE ENTIRE CAMPUS COMMUNITY. THE MAJORITY OF EXPENSES IN THE CURRENT FISCAL YEAR WERE MADE IN SUPPORT OF THE SCIENCE OLYMPIAD HOSTED BY THE UNIVERSITY AND ATTENDED BY MORE THAN 2,000 STUDENTS, COACHES AND PARENTS. GRANTS WERE ALSO MADE IN SUPPORT OF THE UNIVERSITY'S VARIOUS PROMOTION AND OUTREACH EFFORTS. TOTAL GRANT EXPENDITURES AMOUNTED TO $243,545. Form 990, Part V, Line 1c Required Federal Employment Tax Returns and Backup Withholding Wright State University Foundation, Inc. (WSUF) was incorporated to receive and hold gifts, grants and bequests of money and property for the benefit of Wright State University (WSU) and its students and faculty. WSUF has no employees of its own, but several WSU employees provide staff support. Although WSUF is a legally separate, tax-exempt entity, it has been determined that it does meet the criteria for discrete presentation within WSU's financial statements. Based on the IRS instructions for Schedule R, WSUF and WSU are not considered related based on the definitions provided. However, to provide transparency and clarity to the reader the Form 990 has been presented as WSUF and WSU being related entities to accurately reflect the on-going operations. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is composed of the President (non-voting), Board Chair, Vice Chair, Treasurer, Secretary, Chairs of each of the standing committees (3) and an at-large Trustee. The Foundation's Code of Regulations authorizes the Executive Committee to exercise all of the authority of the Board of Trustees, but only in the intervals between meetings of the Board. Form 990, Part VI, Line 11b Review of form 990 by governing body Prior to filing with the IRS, the Form 990 is reviewed by the Foundation's Audit Committee. The full document is presented to the Committee and staff provides an overview of the information contained in the report. Once the Audit Committee is satisfied that the form is accurately completed, it approves the form for filing. Prior to filing, the final version of the Form 990 is distributed to each member of the Foundation Board. Form 990, Part VI, Line 12c Conflict of interest policy Trustees of Wright State University Foundation, Inc. (the Foundation) are annually required to sign a conflict of interest policy statement and to disclose any potential conflicts that may exist. These disclosures are reviewed by the Foundation's CFO. This position is responsible for reviewing and approving all operating expenditures authorized by the annual Foundation budget. Such authorizations are made in light of the CFO's knowledge of conflict disclosures. Trustees are expected to abstain from self-dealing and any votes that may be biased by personal conflicts of interest. The annual disclosure procedure helps them identify and avoid such conditions. The Foundation's key employees are also required to complete a conflict of interest disclosure and to avoid involvement in any transactions which might involve a conflict. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation of the President of the organization is reviewed and approved by the Board of Trustees of Wright State University. The Board uses comparability data, surveys and other sources to determine compensation. The last compensation review was performed and documented in FYE 2017. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of the other officers of the organization is reviewed and approved by the Board of Trustees of Wright State University. The Board uses comparability data, surveys and other sources to determine compensation. The last compensation review was performed and documented in FYE 2017. Form 990, Part VI, Line 19 Required documents available to the public In general, documents maintained by Wright State University Foundation, Inc. (the Foundation) are subject to the State of Ohio's Public Records Law, which generally holds that all requests for documents will be fulfilled. The Foundation's annual financial statements and several governing documents are also published on its website. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - 65217; CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE - 10808; WRITE OFF OF UNCOLLECTIBLE PLEDGES - -375488; FAIRBORN OFFICE PROPERTY LLC 3070 PRESIDENTIAL DRIVE FAIRBORN OH 45324 HOLDS TITLE TO PROPERTY OCCUPIED BY WSU FOUNDATION, INC. OH 74096 2399799 WRIGHT STATE UNIVERSITY FOUNDATION INC WRIGHT STATE UNIVERSITY 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 310732831 EDUCATION OH NA false CHARITABLE REMAINDER TRUSTS (4) INVESTMENTS OH NA Trust true false true false false false false false false false false true true true true true false false false