2016-08-15T11:43:27-05:00 2015-09-30 621199757 LBMC PC 2095 LAKESIDE CENTRE WAY SUITE 220 KNOXVILLE TN 37922 990 2014-10-01 620476816 OAK RIDGE ASSOCIATED UNIVERSITIES INC OAKR 8652411286 PO BOX 117 OAK RIDGE TN 378310117 J PHIL ANDREWS CFO/VICE PRESIDENT 8652411286 2016-08-11 1 MEREDITH R NORRIS CPA P01524170 8656919000 2016-08-11 2014 2016-09-27 15:27:22Z ANDY PAGE PO BOX 117 KNOXVILLE TN 378310117 87058471 0 X WWW.ORAU.ORG X 1946 TN OAK RIDGE ASSOCIATED UNIVERSITIES, INC. (ORAU) IS A PRIVATE, NOT-FOR-PROFIT CORPORATION AND CONSORTIUM OF 115 COLLEGES AND UNIVERSITIES AND IS PRINCIPALLY A MANAGEMENT AND OPERATING CONTRACTOR FOR THE U.S. DEPARTMENT OF ENERGY (DOE). THROUGH THIS CONTRACT, ORAU MANAGES AND OPERATES THE OAK RIDGE INSTITUTE FOR SCIENCE AND EDUCATION (ORISE), WHICH CARRIES OUT RESEARCH AND DEVELOPMENT PROGRAMS IN SCIENCE/ENGINEERING EDUCATION, TRAINING MANAGEMENT SYSTEMS AND ENERGY/ENVIRONMENTAL SYSTEMS FOR DOE AND OTHER GOVERNMENTAL ORGANIZATIONS. IN ADDITION TO THE OPERATION OF ORISE, ORAU CORPORATE CONDUCTS PROGRAMS TO PROVIDE SERVICES TO ITS MEMBER INSTITUTIONS AND OTHER PRIVATE AND GOVERNMENT ORGANIZATIONS. 24 21 1292 0 0 0 147000 132500 80778719 86926023 1016 -52 0 0 80926735 87058471 50000 50000 0 0 20194725 22402260 0 0 0 59026551 63744223 79271276 86196483 1655459 861988 43341077 42949452 28566033 27442235 14775044 15507217 X TO ADVANCE NATIONAL PRIORITIES AND SERVE THE PUBLIC INTEREST BY INTEGRATING ACADEMIC, GOVERNMENT, AND SCIENTIFIC RESOURCES GLOBALLY. 0 1 44303476 45552859 HEALTH, ENERGY, AND ENVIRONMENT: ORAU POSSESSES EXPERIENCE IN EPIDEMIOLOGY AND WORKER PUBLIC HEALTH STUDIES. EXPERTISE LIES IN THE AREAS OF STUDYING EXPOSURE HISTORIES OF WORKER POPULATIONS TO DETERMINE POSSIBLE CORRELATION BETWEEN OCCUPATIONAL EXPOSURE AND ILLNESSES. CAPABILITIES ALSO INCLUDE SCREENINGS OF WORKERS OR THE PUBLIC TO IDENTIFY POTENTIAL HEALTH CONCERNS RESULTING FROM OCCUPATIONAL OR OTHER EXPOSURES, AND COLLECTING AND ANALYZING DATA RELATED TO WORKER HEALTH HISTORIES. ORAU HAS ALSO PARTNERED WITH GOVERNMENTAL AGENCIES, INDUSTRY, AND STATE HEALTH DEPARTMENTS TO DO QUALITY CONTROL SERVICES, DATA ABSTRACTING, AND PROVIDE ELECTRONIC MEDICAL RECORDKEEPING CAPABILITIES.ENVIRONMENTAL ASSESSMENT AND VERIFICATION PROGRAMS ENCOMPASS THE CHARACTERIZATION OF SPECIFIC ENVIRONMENTAL HAZARDS TO BE CLEANED UP AND THEN THE INDEPENDENT VERIFICATION OF REMEDIATION EFFORTS TO ENSURE THE CLEANUP MEETS FEDERAL REGULATORY STANDARDS. ORAU PROVIDES HEALTH PHYSICS EXPERTISE AND SPECIAL TRAINING PROGRAMS TO TEACH GOVERNMENT EMPLOYEES, OTHER GOVERNMENT CONTRACTORS' EMPLOYEES AND THE PRIVATE SECTOR THE APPROPRIATE AND PROPER METHODS TO HANDLE RADIOACTIVE MATERIALS, ACCIDENTS INVOLVING DANGEROUS OR HAZARDOUS MATERIALS, AND IN SOME CASES THE APPROPRIATE AND PROPER METHODS OF CLEANUP IN THE EVENT OF A SPILL. 33190216 50000 34081382 SCIENTIFIC ASSESSMENT & WORKFORCE DEVELOPMENT: SCIENCE AND EDUCATION PROGRAMS ARE THOSE THAT PRIMARILY SUPPORT FELLOWSHIPS, INTERNSHIPS, SCHOLARSHIPS OR OTHER MEANS TO PLACE STUDENTS, FACULTY, AND POSTDOCTORAL RESEARCHERS INTO RESEARCH POSITIONS AT NATIONAL LABORATORIES AND OTHER RESEARCH FACILITIES OR INSTITUTIONS THROUGHOUT THE WORLD. THE PURPOSE OF THESE PROGRAMS IS TO HAVE INDIVIDUALS CONDUCT OR PARTICIPATE IN THE CONDUCT OF RESEARCH WITH THEIR OWN EDUCATION BEING ONE OF THE BENEFICIARIES. IN ADDITION, ORAU'S CENTER FOR SCIENCE EDUCATION INCORPORATES AN INTERACTIVE, TECHNOLOGY-RICH CLASSROOM THAT BRIDGES THE GAP BETWEEN "IN-THE-FIELD" RESEARCH AND THE CONTENT CURRENTLY BEING USED IN TODAY'S CLASSROOMS. ORAU ALSO PLAYS A KEY ROLE IN EXPANDING THE DIVERSITY OF THE ENGINEERING AND SCIENTIFIC WORKFORCE THROUGH OUR EFFORTS TO RAISE THE LEVEL OF PARTICIPATION OF HISTORICALLY AFRICAN AMERICAN AND MINORITY EDUCATIONAL INSTITUTIONS IN OUR PROGRAMS.SCIENTIFIC AND TECHNICAL RESOURCE INTEGRATION PROGRAMS USE PANELS OF INDEPENDENT REVIEWERS TO EVALUATE RESEARCH PROPOSALS, ONGOING PROBLEMS, OR SCIENTIFIC INFORMATION PRODUCED FROM RESEARCH ENDEAVORS TO ENSURE THAT THE INFORMATION IS SCIENTIFICALLY AND TECHNICALLY SOUND AND MERITS THE FEDERAL OR OTHER FUNDING THAT IS PROVIDED FOR RESEARCH PROPOSED OR CURRENTLY BEING CONDUCTED. 2891293 2844364 NATIONAL SECURITY: ORAU HELPS GOVERNMENT AGENCIES WITH PREPARING PERSONNEL FOR ALL TYPES OF EMERGENCIES THROUGH THE USE OF ENACTING POSSSIBLE SCENARIOS AND PLANNING THE PROPER RESPONSE. EXPERTISE LIES IN THE AREA OF NATIONAL SECURITY READINESS AND EMERGENCY PREPAREDNESS. ORAU PLANS AND IMPLEMENTS FULL-FUNCTION EXERCISES, DRILLS, AND TABLETOP SCENARIOS. ORAU IS INVOLVED IN DEVELOPING POLICIES, PROCEDURES, RESPONSE PLANS, AND GUIDELINES THAT ENSURE A CONSISTENT EFFECTIVE RESPONSE EFFORT. TO FURTHER SUPPORT THE NATIONAL SECURITY AND COUNTERTERRORISM EFFORT, ORAU ALSO EMPLOYS FORENSIC SPECIALISTS AND OTHER SUBJECT MATTER EXPERTS TO PROVIDE FORENSIC EVIDENCE PROCESSING EXPERTISE, SUCH AS LATENT FINGERPRINT EXAMINATIONS, TOOLMARK EXAMINATIONS, ANALYSIS OF IMPROVISED EXPLOSIVE DEVICE MATERIALS, AND OTHER INVESTIGATIVE TESTING. 179158 179151 UNIRIB: ORAU ADMINISTERED THE UNIVERSITY RADIOACTIVE ION BEAM (UNIRIB) PROGRAM FOR APPROXIMATELY EIGHT MEMBER COLLEGES AND UNIVERSITIES. UNIRIB OPERATES A RECOIL MASS SPECTROMETER (RMS) FOR THE HOLIFIELD HEAVY ION RESEARCH FACILITY AT THE OAK RIDGE NATIONAL LABORATORY. UNIRIB WAS STARTED WITH CONTRIBUTIONS AND DONATIONS FROM THE STATE OF TENNESSEE, DOE, AND SEVERAL MEMBER COLLEGES AND UNIVERSITIES. THE ACTIVITIES OF UNIRIB ARE GOVERNED BY AN ADVISORY BOARD. THE UNIRIB CONTRACT EXPIRED MID-YEAR 2013 AND WAS NOT RENEWED BY THE ORGANIZATION. THE REMAINING UNIRIB FUNDS WERE DISTRIBUTED DURING THE YEAR ENDED SEPTEMBER 30, 2015. 458470 106908 OTHER SPONSORED PROGRAMS: VARIOUS OTHER TRAINING AND EDUCATION PROGRAMS OPERATED AND MANAGED BY ORAU. 637628 286059 81022613 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 841 0 1 1292 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 21 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X WAYNE HAMILTON 8652416541 100 ORAU WAY OAK RIDGE TN 37830 MR ANTHONY P DECRAPPEO DIRECTOR 1.00 X 0 0 0 DR BRUCE E GNADE DIRECTOR 1.00 X 0 0 0 DR TAYLOR EIGHMY DIRECTOR 1.00 X 0 0 0 MAJOR GENERAL DENNIS KENNEALLY DIRECTOR 1.00 X 0 0 0 DR FRED L KING DIRECTOR 1.00 X 0 0 0 GENERAL DENNIS J HEJLIK DIRECTOR 1.00 X 0 0 0 DR DAVID C LEE BOARD CHAIR 1.00 X 0 0 0 DR GINA LEE-GLAUSER DIRECTOR 1.00 X 0 0 0 DR R LARRY DOOLEY DIRECTOR 1.00 X 0 0 0 DR TERRY L HERDMAN DIRECTOR 1.00 X 0 0 0 DR JOHN M MASON DIRECTOR 1.00 X 0 0 0 DR CORDELL M OVERBY DIRECTOR 1.00 X 0 0 0 DR JUAN M SANCHEZ DIRECTOR 1.00 X 0 0 0 DR PATRICK G O'SHEA DIRECTOR 1.00 X 0 0 0 DR THOMAS N PARKS DIRECTOR 1.00 X 0 0 0 DR DAVID D REED BOARD VICE-CHAIR 1.00 X 0 0 0 DR DIANE GROB SCHMIDT DIRECTOR 1.00 X 0 0 0 MR THEODORE D SHERRY DIRECTOR 1.00 X 0 0 0 MR JEFF W SMITH DIRECTOR 1.00 X 0 0 0 MR RIC C TROTTA DIRECTOR 1.00 X 0 0 0 DR CAROLINE C WHITACRE DIRECTOR 1.00 X 0 0 0 J PHIL ANDREWS TREASURER 40.00 X 250285 10653 26503 MONNIE E CHAMPION SECRETARY 40.00 X 134125 320 20245 HARRY ANDERSON PAGE PRESIDENT & CEO 40.00 X 477694 0 30524 IVAN BOATNER PROGRAM DIRECTOR 40.00 X 252214 1575 26974 DONNA CRAGLE RESEARCH DIRECTOR 40.00 X 227679 0 25286 DAVID HACKEMEYER PROGRAM DIRECTOR 40.00 X 224752 0 13381 ERIC W ABELQUIST PROGRAM DIRECTOR 40.00 X 279898 0 27487 CHESTER KEITH MAZE PROGRAM DIRECTOR 40.00 X 229971 0 25524 2076618 12548 195924 148 0 1 0 MJW TECHNICAL SERVICES INC 243 ROOT STREET SUITE 100 OLEAN NY 14760 PROFESSIONAL SERVICES 11016084 DADE MOELLER & ASSOCIATES INC 1835 TERMINAL DRIVE SUITE 200 RICHLAND WV 99354 PROFESSIONAL SERVICES 10939671 SUNTRUST BANK INC 9950 KINGSTON PIKE KNOXVILLE TN 37922 PURCHASE CARD PROGRAM 2490955 COMPREHENSIVE HEALTH SERVICES INC PO BOX 34753 ALEXANDRIA VA 22334 PROFESSIONAL SERVICES 1017851 M H CHEW AND ASSOCIATES INC 7633 SOUTHFRONT RD STE 170 LIVERMORE CA 94551 PROFESSIONAL SERVICES 721687 22 132500 132500 UNIRIB 541700 179151 179151 86746872 86746872 86926023 -52 -52 87058471 86926023 0 -52 50000 50000 2272542 2136056 136486 15906949 14951594 955355 1230244 1156357 73887 1780200 1673283 106917 1212325 1139514 72811 161808 152090 9718 2013834 1892885 120949 598561 562612 35949 3243730 3048915 194815 198518 186595 11923 728316 684574 43742 1785657 1678412 107245 PROFESSIONAL SERVICES 28972246 27232202 1740044 PARTICIPANT COSTS 22778391 21410344 1368047 SUPPLIES 1196049 1124216 71833 SITE SERVICES 859340 807728 51612 1207773 1135236 72537 86196483 81022613 5173870 0 6620116 2758142 340699 113008 6176845 11205306 800000 800000 328754 388126 44156544 16598641 28942176 27557903 132487 126967 43341077 42949452 4622518 4780005 616 616 22575000 21350000 1367899 1311614 28566033 27442235 X 14775044 15507217 14775044 15507217 43341077 42949452 X 861988 -129815 X X 0 1 X 1 1 1 X 107500 145000 140000 147000 132500 672000 69654098 76628456 80834266 80778720 86926023 394821563 69761598 76773456 80974266 80925720 87058523 395493563 0 0 0 395493563 2281 1260 1577 1016 -52 6082 2281 1260 1577 1016 -52 6082 69763879 76774716 80975843 80926736 87058471 395499645 1.00000 1.00000 0.00000 X 174468 174468 86022016 86196484 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 205313 7819 79500 174468 467100 250000 250000 250000 250000 1000000 1500000 173311 173311 37597574 13730635 23866939 6301414 2868006 3433408 84245 84245 27557903 POSTRETIREMENT BENEFITS FUTURE 778600 INTEREST RATE SWAP 533014 1311614 X 87058471 0 87058471 0 87058471 86151298 -45185 -45185 86196483 0 86196483 PART X, LINE 2: ORAU AND ITS SUBSIDIARY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND ARE CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN PRIVATE FOUNDATIONS, AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. AN UNCERTAIN 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. THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF SEPTEMBER 30, 2015, THE ORGANIZATION HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE ORGANIZATION FILES A U.S. FEDERAL INFORMATIONAL TAX RETURN ANNUALLY. THE ORGANIZATION IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED SEPTEMBER 30, 2012 THROUGH 2015. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION 127,000. UNREALIZED GAIN ON INTEREST RATE SWAP -172,185. SOUTH ASIA 1 2 PROGRAM SERVICES NATIONAL SECURITY: SUBCONTRACTOR TO A-T SOLUTIONS TO PROVIDE FORENSIC EXAMINATION SERVICES TO SUPPORT THE UNITED STATES DEPARTMENT OF DEFENSE IN AFGHANISTAN. 682000 1 2 0 0 1 2 682000 0 682000 0 0 0 0 0 0 1 JUNIOR FACULTY AWARDS 10 50000 PART I, LINE 2: OAK RIDGE ASSOCIATED UNIVERSITIES, INC. IS A PRIVATE, NOT-FOR-PROFIT ASSOCIATION OF 115 COLLEGES AND UNIVERSITIES. IT IS A CONTRACTOR FOR THE U.S. DEPARTMENT OF ENERGY, CONDUCTING RESEARCH AND EDUCATIONAL PROGRAMS IN THE AREAS OF ENERGY, HEALTH, AND THE ENVIRONMENT FOR THE DEPARTMENT OF ENERGY, MEMBER INSTITUTIONS, OTHER COLLEGES AND UNIVERSITIES, AND OTHER PRIVATE AND GOVERNMENT ORGANIZATIONS. ORGANIZATIONS RECEIVING AWARDS FROM ORAU MUST DEMONSTRATE THAT THEIR EDUCATIONAL AND SCIENTIFIC PROGRAMS WILL CONTINUE TO ENHANCE THE SPECIFIC AND OVERALL OBJECTIVES AS OUTLINED BY THE ORAU BOARD OF DIRECTORS AND MEMBERS. X X X 0 0 0 0 0 0 0 0 0 J PHIL ANDREWS TREASURER 208568 10653 41717 0 0 0 0 0 26503 0 276788 10653 0 0 MONNIE E CHAMPION SECRETARY 122510 320 11615 0 0 0 0 0 20245 0 154370 320 0 0 HARRY ANDERSON PAGE PRESIDENT & CEO 435253 0 42441 0 0 0 0 0 30524 0 508218 0 0 0 IVAN BOATNER PROGRAM DIRECTOR 215297 1575 36917 0 0 0 0 0 26974 0 279188 1575 0 0 DONNA CRAGLE RESEARCH DIRECTOR 191179 0 36500 0 0 0 0 0 25286 0 252965 0 0 0 DAVID HACKEMEYER PROGRAM DIRECTOR 191158 0 33594 0 0 0 0 0 13381 0 238133 0 0 0 ERIC W ABELQUIST PROGRAM DIRECTOR 231624 0 48274 0 0 0 0 0 27487 0 307385 0 0 0 CHESTER KEITH MAZE PROGRAM DIRECTOR 194576 0 35395 0 0 0 0 0 25524 0 255495 0 0 0 A IDB OF THE CITY OF OAK RIDGETN 621786717 2010-06-01 27700000 REFINANCE REFUNDED BONDS AND PAY ISSUANCE COSTS 0 0 0 A 6350000 27700000 155000 27545000 2007 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 WELLS FARGO 7.300000000000 0 0 0 NA 0 0 1 A 1 FORM 990, PART III, LINE 3 PRIOR YEAR PROGRAM SERVICES CATEGORIZED SEPARATELY AS "SCIENCE AND EDUCATION PROGRAMS AND "SCIENTIFIC AND TECHNICAL RESOURCE INTEGRATION" HAVE BEEN COMBINED TO FORM ONE PROGRAM SERVICE TITLED "SCIENTIFIC ASSESSMENT & WORKFORCE DEVELOPMENT" FOR THE YEAR ENDED SEPTEMBER 30, 2015. THIS PROGRAM SERVICE AREA HAS ALSO BEEN EXPANDED TO ADDRESS THE NATION'S FUTURE NEEDS FOR DEVELOPING THE NEXT GENERATION OF SCIENCE AND TECHNOLOGY LEADERS AS A LARGE SEGMENT OF THE STEM WORKFORCE APPROACHES PENDING RETIREMENT. PRIOR YEAR PROGRAM SERVICES CATEGORIZED SEPARATELY AS "OCCUPATIONAL EXPOSURE AND WORKER HEALTH AND "ENVIRONMENTAL ASSESSMENT AND VERIFICATION" HAVE BEEN COMBINED TO FORM ONE PROGRAM SERVICE TITLED "HEALTH, ENERGY, AND ENVIRONMENT" FOR THE YEAR ENDED SEPTEMBER 30, 2015. THIS PROGRAM SERVICE AREA HAS ALSO BEEN EXPANDED TO ADDRESS ONGOING WORKER HEALTH NEEDS AND PLACES GREATER IMPORTANCE ON ENSURING ACTIVITIES ARE PERFORMED IN A SAFE AND ENVIRONMENTALLY RESPONSIBLE MANNER. FORM 990, PART VI, SECTION A, LINE 6 OAK RIDGE ASSOCIATED UNIVERSITIES, INC. HAS TWO CLASSES OF MEMBERS - "SPONSORING INSTITUTIONS AND "ASSOCIATES." FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BOARD OF DIRECTORS IS SELECTED BY THE COUNCIL OF SPONSORING INSTITUTIONS, WHICH IS COMPRISED OF A REPRESENTATIVE FROM EACH OF ORAU'S MEMBER ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S VICE PRESIDENT AND CFO FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ORAU MONITORS THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT IS DETERMINED BY THE BOARD'S EXECUTIVE COMMITTEE BASED ON AN ANNUAL SALARY SURVEY. COMPENSATION FOR OTHER SENIOR STAFF IS RECOMMENDED BY THE PRESIDENT AND APPROVED BY THE BOARD'S COMPENSATION COMMITTEE BASED ON SALARY SURVEYS AND DOE GUIDANCE. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 172,185. CHANGE IN POSTRETIREMENT BENEFIT OBLIGATION -127,000. TRANSFER TO THE ORAU FOUNDATION -175,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE ORAU FOUNDATION PO BOX 117 OAK RIDGE TN 378310117 581512615 TO PROMOTE HIGHER SCIENTIFIC EDUCATION TN 501(C)(3) 509(A)(3) TYPE I 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 THE ORAU FOUNDATION B 175000 FAIR MARKET VALUE