2017-02-14T15:11:30-07:00 2016-06-30 990 2015-07-01 556011111 MARSHALL UNIVERSITY FOUNDATION INCORPORATED MARS 3046966264 519 John Marshall Drive Huntington WV 25703 R Scott Anderson CFO 3046963388 2017-02-14 2015 2021-01-29 14:40:06Z R Scott Anderson 519 John Marshall Drive Huntington WV 25703 75147973 0 X www.marshall.edu/foundation/ X 1947 WV The Marshall University Foundation was chartered on January 3, 1947 as an independent non-profit organization to receive, invest, administer and disburse private resources on behalf of Marshall University. 35 35 33 100 88639 4343 26057741 6942021 186708 249956 -2667343 847268 102397 111978 23679503 8151223 15648586 6824786 0 0 1880565 1931740 0 46834 1294191 5897043 4558775 23426194 13362135 253309 -5210912 188391142 237000791 9544920 67947854 178846222 169052937 The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources. 0 0 4218608 0 0 The organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university 3441106 0 0 The organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects 1815353 0 0 Department and unit operating funds provide additional resources for programs, travel, training, equipment and supplies, and other miscellaneous purposes on behalf of university departments 1054875 0 0 Other expenses attributable to program funds in support of the university and departments. 1054875 0 0 10529942 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 98 0 1 33 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OR PA RI SC SD TN TX UT VA VT WA WI WV WY X X X R Scott Anderson 3046963388 519 John Marshall Drive Huntington WV 25703 Mr Gary M Ambler Treasurer 2.0 1.0 X X 0 0 0 Mr John Ashford Director 2 1 X 0 0 0 Mr Gary D Baldwin Director 2 0 X 0 0 0 Mr Jonathan A Broh Director 2 0 X 0 0 0 Mrs Nancy E Campbell Director 2 0 X 0 0 0 Mr Mark A Chandler Chair 4 1 X X 0 0 0 Mrs Johnna Coats Director 2 0 X 0 0 0 Mr Mark E Dempsey Director 2 0 X 0 0 0 Mr James Farley Director 2 0 X 0 0 0 Mr David Fox III Director 2 0 X 0 0 0 Mr James E Gibson Director 2 1.0 X 0 0 0 Mr Joseph M Gillette Past Chair 2.0 0 X 0 0 0 Mr Floyd Harlow Jr Director 2 0 X 0 0 0 Mr William V Jackson Director 2 1.0 X 0 0 0 Mr John K Kinzer Director 2 0 X 0 0 0 Mr Robert L Osborne Director 2 1.00 X 0 0 0 Mr Leon K Oxley Director 2 0 X 0 0 0 Mr Charles W Pace Director 2 1.0 X 0 0 0 Mr Audy M Perry Jr Director 2 0 X 0 0 0 Mr Lake Polan III Vice Chair 2 3.00 X X 0 0 0 Mr Douglas V Reynolds Director 2 0 X 0 0 0 Mr Casey J Robinson Secretary 2 1.0 X X 0 0 0 Mrs Sharon Shaffer 2nd Chair 2 0 X X 0 0 0 Mr Geoffrey S Sheils Director 2 0 X 0 0 0 Mr Richard L Slater Director 2 0 X 0 0 0 Mr Louis S Southworth Director 2 0 X 0 0 0 Mrs Janet S Vineyard Director 2 0 X 0 0 0 Mr Louis Weisberg Director 2 0 X 0 0 0 Mr Bernard Coston Director 2 1.0 X 0 0 0 Mr Timothy Haymaker Director 2 0 X 0 0 0 Mr David Helmer Director 2 0 X 0 0 0 Mr Donald Holcomb Director 2 0 X 0 0 0 Mr Stuart Kramer Director 2 0 X 0 0 0 Mr Charles Neighborgall Director 2 0 X 0 0 0 Mr James Rorrer Director 2 1.0 X 0 0 0 Dr Ronald G Area CEO 40 3.00 X X X 274710 0 39990 Mr R Scott Anderson CFO 40 3 X X X 114680 0 30896 389390 0 70886 2 0 1 0 0 0 0 0 0 0 6942021 12115 6942021 Rental Income - Art Warehouse 531120 119230 119230 0 0 Conference Center Activities 721000 130726 42087 88639 0 0 0 0 0 249956 550153 550153 0 0 0 0 0 0 87977 87977 0 0 0 0 0 0 0 0 0 0 0 0 67279989 0 66982874 0 297115 0 297115 297115 0 0 0 37877 13876 24001 24001 0 0 0 0 0 0 0 8151223 1120563 88639 0 6824786 6824786 0 0 0 0 0 0 457311 0 457311 0 0 0 0 0 1012213 123073 309913 579227 110621 9686 67432 33503 235591 22641 116234 96716 116004 49958 13238 52808 0 0 0 0 65495 14397 51098 0 23308 0 23308 0 0 0 0 0 46834 46834 192373 68880 0 123493 445506 310903 101328 33275 33216 32081 860 275 192232 68227 52558 71447 166165 77331 73544 15290 0 0 0 0 104089 2177 101912 0 502996 427213 6741 69042 0 0 0 0 458648 361092 38057 59499 248280 248280 0 0 0 0 0 0 412648 396594 16054 0 106810 30204 53353 23253 Dept Support - Employment Exp 609402 606476 2926 0 Misc 80283 30250 1036 48997 CGA, Trust & Pledge Adj 23061 23061 0 0 Printing 73182 47472 1297 24413 821081 755160 49802 16119 13362135 10529942 1538002 1294191 102304 59213 13415556 31787651 29099823 18174187 48372 27 0 0 0 0 0 0 0 0 31204 34008 15860903 2684951 13535485 13175952 7576623 1807031 113053614 161525631 938041 465895 0 0 10590120 9971196 188391142 237000791 241004 175359 280530 319025 8579881 7667895 0 59438399 0 0 0 0 0 0 443505 347176 9544920 67947854 X 14243633 10882397 65036186 55469110 99566403 102701430 178846222 169052937 188391142 237000791 X -5210912 -4570283 0 0 0 -12090 X 0 1 X 1 0 X 26777434 23886640 12654113 26057741 6942021 96317949 0 0 0 0 0 0 0 0 0 0 0 0 26777434 23886640 12654113 26057741 6942021 96317949 17767057 78550892 2096136 1732675 624880 1083613 888086 6425390 0 0 11777 11336 18994 42107 0 0 0 0 0 0 102785446 158134 0.76422 0.86022 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 111665667 7540318 -4402636 1196440 3126986 54491 110425432 106284150 10033666 1028873 2159076 3461017 60929 111665667 90636984 5868688 14042489 1959418 2256351 48242 106284150 83119194 7398155 9646427 1695769 7697300 133723 90636984 83809934 4646658 -1896505 988685 2336846 115362 83119194 0.098 0.849 0.053 0 0 2442000 0 2442000 12323230 0 1922904 10400326 0 0 0 0 1095673 0 762047 333626 0 0 0 0 13175952 0 F 8250 F Comingled Global Equity Funds 81231410 F Comingled Global Fixed Income 28578840 F Comingled Hedge Funds 18553685 F Comingled Real Asset Fund 20243544 F Comingled Private Capital Fund 6923323 F Private Real Estate 32719 F Private Equity 2184574 F Natural Resources 651339 F Venture 2384452 F Distressed Debt 733495 F 161525631 Trusts Held by Third Parties 9070277 Investment in Subsidiary MSC 1000 Cash Surrender Value of Life Insurances 509438 In-Kind Gifts Held 15525 Charitable Remainder Trusts Receivable 374956 9971196 0 Fair Value of Interest Rate Swap 3606 Charitable Gift Annuity Liability 343570 347176 3402443 -4570283 0 0 13876 -4556407 7958850 192373 0 192373 8151223 13195728 0 0 0 0 0 13195728 192373 -25966 166407 13362135 Schedule D, Part IV, Line 2b The Foundation acts pursuant to an investment management agency agreement with the University to facilitate investment of certain funds. Schedule D, Part V, Line 4 Endowment funds are held according to donor restrictions to provide a perpetual source of inter-generational funding for scholarships, programs, and research. Board designated endowments are a source of funding for development operations and for the greatest needs of the university. Schedule D, Part XI, Line 2d Cost of goods sold Schedule D, Part XII, Line 4b Gifts in kind transferred to MU and COGS X 1 Ruffalo Noel Levitz Box 78394 Milwaukee WI 532780394 Ruffalo Noel Levits handles solicitation phone calls for the organization. 0 105303 45644 59659 105303 45644 59659 AK AL AR AZ CA CO CT FL GA HI IA ID IL IN KS KY MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OR PA RI SC SD TN TX UT VA VT WA WI WV WY Schedule G, Part I, Line 2b Ruffalo Noel Levitz invoiced the organization for services and expenses separated on each invoice. The expenses for postage, paper, envelopes, etc. totaled 1,189.88 for the year. 1 Marshall University One John Marshall Drive Huntington WV 25755 556000789 501c3 10517850 12090 Gifts in kind received on behalf of Marshall University To support students and university departments in their educational mission 1 0 Schedule I, Part I, Line 2 The organization maintains documentation on individual funds and related criteria for eligibility for grants. The organization coordinates with the university departments and units in accordance with fund guidelines to substantiate eligibility for grants and assistance. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Dr Ronald G Area CEO 270581 0 0 0 6480 0 21264 0 15415 0 313740 0 0 0 Mr R Scott Anderson CFO 119840 0 0 0 420 0 7216 0 18234 0 145710 0 0 0 Schedule J, Part I, Line 1a Social club dues and a limited amount of spousal travel are part of the employment agreement with the CEO. Schedule J, Part I, Line 4 A 457b deferred compensation plan was established pursuant to the employment agreement of the CEO. A contribution of $5,000 is included in the Schedule J retirement and other deferred compensation schedule. A The County Commission of Cabell County WV Commercial Development Revenue Bond Series 2010 556000305 2010-12-21 9200000 Construction and furnishing of building 0 0 0 A 0 0 0 9200000 0 0 0 59200 0 0 9140800 0 2010 0 0 1 1 A 0 0 0 0 0 0 0 1 0 0 A 0 0 1 0 1 1 JP Morgan Chase Bank 20 0 0 0 0 0 A 0 X 200 Est Mkt Value X 2000 Est Mkt Value X 24 6342639 Market Quotes X 1 25 Est Mkt Value X decorative items used for fundraiser 1 390 amt paid-fair market value X #15449 Haynes Flute #11401 Haynes Piccolo 1 4500 Est Fair Mkt Value X antique Kerman rug made in Iran 1 8000 Fair Mkt Value X Macintosh 512k computer 1 200 Est Fair Mkt Value X premium payments on life insurance 1 4800 actual cost-fair market value 0 0 1 1 Schedule M, Part I, Line 32b The organization has placed donated items on consignment with a local jeweler. Form 990, Part VI, Section B, Line 11b The Form 990 and schedules were provided to the Board of Directors for review prior to filing and a meeting was conducted to review and approve the return for filing. Form 990, Part VI, Section B, Line 12c The Board of Directors annually surveys its members and reviews responses about conflicts of interest. Form 990, Part VI, Section B, Line 15 CEO compensation and performance are reviewed annually by the Human Resources committee using a process that includes board surveys and a formal review. Form 990, Part VI, Section C, Line 19 Governing documents and policies are available upon request. Summary financial information is available on the organization annual report which is available on the website. The audited financial statements are available upon request. Form 990, Part XI, Line 9 Gift in kind transfers to Marshall University Schedule B, Part I Gifts in kind and marketable securities Marshall University Real Estate Foundation Inc 519 John Marshall Drive Huntington WV 25703 262912485 Receive real estate on behalf of Marshall University WV 501(c)(3) 509(a)(3) III-FI The Marshall University Foundation 1 Marshall University Alumni Association Inc One John Marshall Drive Huntington WV 25755 264778743 Alumni activities WV 501(c)(3) 509(a)(3) III-FI N/A 0 Marshall University One John Marshall Drive Huntington WV 25755 556000789 Higher education institution WV 501(c)(3) line 2 N/A 0 Marshall Services Corporation PO Box 296 Huntington WV 25707 461383543 Invest in joint venture for internationalization of campus WV The Marshall University Foundation Inc C 1 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 1 1 Marshall University Alumni Association Inc b 60833 The organization supports MUAA through endowment spending allocations specifically designated for them and annual gifts designated to them. The organization supplements their annual operating budget as required. Marshall University Alumni Association Inc o 210526 The estimated value of the employees paid for by the foundation who work primarily with MUAA Marshall University l 8368167 The organization was formed to raise funds to support Marshall University and is the primary fundraiser for private support. Marshall Services Corporation o 0 A de minimis amount of time is spent in administrative support of MSC. Marshall University Alumni Association Inc r 0 The foundation provides support for accounting, database management and other administrative support on substantially equivalent terms as for uncontrolled constituents. Marshall University Alumni Association Inc n 0 No amount is estimated for the value of the shared facilities, equipment, mailing lists, etc. shared with the related organization. Marshall University Real Estate Foundation Inc o 0 A de minimis amount of time is spent by the staff providing support the the MUREF. Marshall University r 0 cash and property transferred to Marshall University as reported on schedule I as program expenditures Marshall University j 553547 Amount determined based on the lease arrangements for educational and administrative facilities leased to the institution. Marshall University s 59438399 Marshall University transferred assets to the foundation through an investment management agreement. Marshall University m 0 Deans and faculty members sometimes solicit contributions for their specific areas. Marshall University Alumni Association Inc m 0 MUAA activities, usually with students, lead to a minimal dollar amount of gifts being received by the organization.