2017-02-15T14:54:05-06:00 2016-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2015-07-01 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 2017-02-13 Sue Robison P00560072 2069134000 2015 2021-01-29 14:40:06Z STACEY HENRIQUEZ 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 87064200 false X WWW.FOUNDATION.PDX.EDU 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. 28 27 158 113 0 25380353 35530337 14942453 12069525 4200405 7496262 -97496 -467833 44425715 54628291 29871476 20652271 0 0 6747037 6605011 0 0 4315070 8154586 6546423 44773099 33803705 -347384 20824586 133814713 101311149 55134321 5568829 78680392 95742320 X SEE SCHEDULE O false false 24950407 20652271 16473075 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, 2016, THE FOUNDATION AWARDED $20,652,271 TO THE UNIVERSITY; $3,126,105 FOR SCHOLARSHIPS & FELLOWSHIPS, $7,613,163 FOR CAPITAL PROJECTS, $9,619,611 FOR ACADEMIC SUPPORT, AND $293,392 FOR ADMINISTRATIVE SUPPORT. AVAILABLE TO THE UNIVERSITY THE BROADWAY HOUSING PROJECT WHICH PROVIDES STUDENT HOUSING, CLASSROOMS AND ACADEMIC FACILITIES. 24950407 true true false true false false false false true true false false false true false false true false false false false false false true true false true false true true false false false false false false false false false false true false false false true true true true false false true 193 0 158 true false false false false false true true false false false false X 28 27 false false false false false false false true true false false true 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 ALEX SOKOL BLOSSER TRUSTEE 1.0 0.0 X 0 0 0 KIMBERLY COOPER VICE 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 RAY GUENTHER 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 JACK LOACKER TRUSTEE 1.0 0.0 X 0 0 0 MARK MILLER TRUSTEE 1.0 0.0 X 0 0 0 TAMMY NEITZKE TREASURER 1.0 0.0 X 0 0 0 PETE NICKERSON TRUSTEE 1.0 0.0 X X 0 0 0 AZAM QAYUM TRUSTEE 1.0 0.25 X 0 0 0 MARK ROSENBAUM CHAIR 1.0 0.0 X 0 0 0 PAUL SCHLESINGER TRUSTEE 1.0 0.0 X 0 0 0 BARRE STOLL TRUSTEE 1.0 0.0 X 0 0 0 WALLY VAN VALKENBURG SECRETARY 1.0 0.0 X 0 0 0 DON VOLLUM TRUSTEE 1.0 0.0 X 0 0 0 JOHN WHEARTY TRUSTEE 1.0 0.0 X 0 0 0 JON WIENER TRUSTEE 1.0 0.25 X 0 0 0 LINDA WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 KEREN BROWN WILSON TRUSTEE 1.0 0.0 X 0 0 0 LINDSAY STEWART FORMER INTERIM PRESIDENT/CEO 40.0 0.25 X X X 100 0 0 WIM WIEWEL PRESIDENT 40.0 0.25 X 0 0 0 FRANCOISE BERTHET-AYLMER FORMER PRESIDENT/CEO 40.0 0.25 X 366059 0 41032 WILLIAM BOLDT PRESIDENT/CEO 40.0 0.25 X 0 0 0 TOM BULL INTERIM PRESIDENT/CEO 40.0 0.25 X 98496 0 40326 PAUL CAREY FORMER CFO 40.0 0.25 X 142923 0 23291 CONSTANCE FRENCH FORMER INTERIM PRESIDENT/CEO 40.0 0.25 X 90468 0 1310 STACEY HENRIQUEZ CFO 40.0 0.25 X 33286 0 4127 KRISTIN COPPOLA FORMER CHIEF DEVELOP. OFFICER 40.0 0.25 X 119298 0 27704 LISA GRAY FORMER CHIEF OPERATING OFFICER 40.0 0.25 X 140761 0 34930 BRIAN HESS SR. DIRECTOR CORPORATE 40.0 0.25 X 100739 0 23529 PATRICK REGAN SR. DIRECTOR DEVELOPMENT 40.0 0.25 X 111741 0 14956 DAVID STEPP CHIEF INFORMATION OFFICER 40.0 0.25 X 113942 0 25981 1317813 0 237186 7 false true false RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 PHONATHON SERVICES 281176 1 1421879 0 34108458 1174984 35530337 RENTAL INCOME 532000 4760088 4760088 CONTRACT SERVICE REVENUE 541900 6759863 6759863 OTHER PROGRAM SERVICE REVENUE 900099 549574 549574 12069525 3092712 3092712 0 0 312358 117414 194944 0 194944 194944 35746643 31343093 4403550 4403550 4403550 312625 141879 975402 -662777 -662777 0 0 0 54628291 16473075 2624879 20652271 20652271 0 0 0 1095463 1095463 0 3872123 1308838 2563285 478707 199856 278851 744906 352177 392729 413812 201219 212593 0 128767 2877 124538 1352 63370 12800 50570 550227 550227 0 40 15 25 579400 12797 226436 340167 10878 7507 3371 0 0 0 0 24531 18063 6468 0 0 2747800 2741416 6384 0 567271 506187 40519 20565 150469 124670 16611 9188 EQUIPMENTAL RENTAL 32668 16843 15825 FOOD SERVICE EXPENSES 665607 665607 MEALS AND ENTERTAINMENT 87481 13025 74456 MAINTENANCE & REPAIRS 8087 8087 929827 231782 308234 389811 33803705 24950407 4538228 4315070 57379 41683 1189373 1721348 11155703 16627573 714685 231858 0 0 0 0 0 0 0 0 354634 318768 1100099 654979 31261812 445120 78817202 80287679 0 0 1151094 1151094 0 0 9112831 486026 133814713 101311149 2408974 1023201 564696 724657 28610 65025 42407685 0 0 0 0 0 0 111236 0 0 9724356 3644710 55134321 5568829 X -1361947 3422767 35282585 41645430 44759754 50674123 78680392 95742320 133814713 101311149 20824586 -3762658 X false true X true false X 15924561 19202989 21298058 25380353 35530337 117336298 0 0 15924561 19202989 21298058 25380353 35530337 117336298 11775343 105560955 3505180 3604116 4134278 4716258 3405068 19364900 0 166982 226284 291375 236269 312625 1233535 137934733 52159086 0.76530 0.74530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 552944 false false 552944 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. 54155161 7662006 -1603591 1053285 788616 58371675 52304913 3602384 849338 1846055 755419 54155161 44053700 4325231 6345950 1767455 652513 52304913 38548541 4053085 3521432 1486512 582846 44053700 40009710 1411176 -1310494 996813 565038 38548541 0.14000 0.86000 false false 0 0 0 0 0 0 0 0 748535 589986 158549 351564 64993 286571 445120 0 LIFE INCOME PAYABLE 1260869 ENDOWMENTS HELD FOR PSU 2383840 3644709 51956514 -3762658 1090881 -2671777 54628291 54628291 34896520 1092815 1092815 33803705 33803705 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 $975,402 - RECLASS FUNDRAISING DIRECT EXPENSES $117,414 - RECLASS RENTAL EXPENSES $1,934 - RECLASS EXPENSES LESS DISTRIBUTED FUNDS OF AFFILIATED ORGANIZATION (2828 CORBETT, INC.) EXPENSES - OTHER ADJUSTMENTS PART XII, LINE 2D $975,402 - RECLASS FUNDRAISING DIRECT EXPENSES $117,414 - RECLASS RENTAL EXPENSES WINE & ROSES 496189 382203 113986 45459 226147 AWARDS DINNER 635129 524911 110218 105625 85000 287101 6 603187 514765 88422 55363 1300 169408 1734505 1421879 312626 206447 86300 682656 975403 -662777 19044 2583 true 1.00000 19044 2583 2583 16461 OR 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 20652271 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 true true X X X X true false false false false false false false false FRANCOISE BERTHET-AYLMER FORMER PRESIDENT/CEO 227210 0 0 0 138849 0 0 0 41032 0 407091 0 0 0 PAUL CAREY FORMER CFO 142923 0 0 0 0 0 0 0 23291 0 166214 0 0 0 LISA GRAY FORMER CHIEF OPERATING OFFICER 140761 0 0 0 0 0 0 0 34930 0 175691 0 0 0 SOCIAL CLUB DUES Part 1, Line 1A THE FOUNDATION PROVIDED SOCIAL CLUB DUES TOTALING $3,672 FOR THE EXECUTIVE DIRECTOR, WHICH IS USED BY THE EXECUTIVE DIRECTOR FOR FUNDRAISING AND OTHER BUSINESS PURPOSES, THUS THE CLUB DUES ARE NOT TREATED AS TAXABLE COMPENSATION. A CITY OF PORTLAND 936002236 736690AR9 2008-10-22 46395000 CITY OF PORTLAND true false false A 42725000 0 46395000 1117824 0 0 909246 0 0 44367930 0 0 2004 true false true true A false false false false 0 true false false true A false false false false false false 0 true TRANSAMERICA WS CO 26.4 true false A false SINGLE MEMBER OF A LIMITED LIABILITY COMPANY PART III, LINE 1 TAXPAYER ANSWERED "NO" TO THIS QUESTION BUT WISHES TO ADVISE THAT IT IS THE SINGLE MEMBER OF A LIMITED LIABILITY COMPANY (BROADWAY HOUSING, LLC) WHICH RECEIVED PROCEEDS OF TAX-EXEMPT BONDS. AS A DISREGARDED ENTITY FOR FEDERAL INCOME TAX PURPOSES, THE ACTIVITIES OF THE LIMITED LIABILITY COMPANY ARE REPORTED AS PART OF THIS FORM 990. Part VI In March 2016, Portland State University elected to purchase the Broadway Housing building and contents from Broadway Housing, LLC financed by Article XI-F bonds issued by the State of Oregon for purposes of the transaction. The existing bonds were legally defeased as a result of the sale transaction. As part of the cost to defease the Citys revenue bonds, the University was provided the benefit of debt service reserves held by trustee on behalf of Broadway Housing. Consistent with the original purpose of Broadway Housing, to promote the long-term development of the University, the Foundation transferred all of Broadway Housings remaining assets to the University including operating, surplus, capital replacement and insurance reserves held by trustee at no additional consideration. X 35 1134736 AVG HIGH/LOW PRICE X AUCTION ITEMS 83 9723 SALE OF SIMILAR ITEM X BOOKS/WINE FOR EVENTS 34 30525 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 Created in 1963, the Portland State University Foundation is responsible for raising and managing private resources to advance Portland State University's priorities and mission to be a leading urban University. In 2014, Portland State University Advancement and University Alumni Relations merged with the Portland State University Foundation into one philanthropic entity. The Foundation's fund-raising efforts include: capital campaigns, endowments, scholarship funds, planned gifts, corporate and foundation partnerships, annual giving programs, academic research, campus development, and access and outreach for promising students with limited resources. Contributions received by the Foundation may be in cash, marketable securities, real and personal property, and gifts-in-kind. These contributions include endowment gifts to be invested in perpetuity, remainder interests in charitable remainder trusts, and gift annuities for the benefit of the University. In addition to fundraising efforts for the University, the Foundation provides donor stewardship, donor receipting and reporting, endowment and investment management, and maintains donor and accounting records. The Foundation's independent volunteer Board of Trustees supports the mission of the Foundation by engaging in private fundraising efforts and promoting the mission and priorities of the University through its relationships, resources, and guidance. 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 IN FEBRUARY. 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 APPROXIMATELY ONE WEEK PRIOR TO FILING, THE FINAL FORM 990 IS SENT ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS, 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 President, 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 Directors. 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 directors 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. Each year, the organization has a 100% response rate to the questionnaires. 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 2016, the executive committee, comprised of independent members of the Board of Trustees, reviewed and determined compensation to hire the new president and 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 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. 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