2016-03-15T11:45:09-07:00 2015-06-30 990 2014-07-01 556011111 MARSHALL UNIVERSITY FOUNDATION INCORPORATED MARS 3046966264 519 John Marshall Drive Huntington WV 25703 R Scott Anderson CFO 3046963388 2016-03-15 2014 2016-08-17 19:52:53Z R Scott Anderson 519 John Marshall Drive Huntington WV 25703 45225918 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 57681 9249 12654113 26057741 195895 186708 2322399 -2667343 100682 102397 15273089 23679503 8791813 15648586 0 0 1458314 1880565 0 0 1214872 5344634 5897043 15594761 23426194 -321672 253309 185285932 188391142 10425903 9544920 174860029 178846222 The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources. 0 0 3651974 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 12888001 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 1605804 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 2384454 0 0 Other expenses attributable to program funds in support of the university and departments. 2384454 0 0 20530233 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 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 1 114 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 FL MD OH WV X X X R Scott Anderson 3046963388 519 John Marshall Drive Huntington WV 25703 Mr Gary M Ambler Director 2 1 X 0 0 0 Mrs Phyllis H Arnold Director 2 5.00 X 0 0 0 John Ashford Director 2 1.00 X 0 0 0 Mr Gary D Baldwin Director 2 0 X 0 0 0 Mr George R Brammer 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 2 0 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 0 X 0 0 0 Mr Joseph M Gillette Past Chair 2 0 X 0 0 0 Mr Floyd Harlow Jr Director 2 0 X 0 0 0 Mr David Helmer Director 2 0 X 0 0 0 Mr William V Jackson Director 2 0 X 0 0 0 Mr John K Kinzer Treasurer 2 0 X 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 0 X 0 0 0 Mr Audy M Perry 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 Director 2 1.00 X 0 0 0 Mrs Sharon Shaffer Secretary 2 0 X X 0 0 0 Mr Geoffrey S Sheils Director 2 0 X 0 0 0 Mr Richard L Slater Director 2.00 0 X 0 0 0 Mr Louis S Southworth Director 2 0 X 0 0 0 Mr Marc A Sprouse Director 2 0 X 0 0 0 Mr Lawrence J Tweel 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 Charles H Wendell Director 2 0 X 0 0 0 Mr John Jay White Director 2 0 X 0 0 0 Dr Ronald G Area CEO 40.00 3.00 X X X 275000 0 29418 Mr R Scott Anderson CFO 40.00 3.00 X X X 109096 0 24382 384096 0 53800 2 0 1 0 0 0 0 0 0 0 26057741 6052496 26057741 Rental Income - Art Warehouse 531120 114780 114780 0 0 Conference Center Activities 721000 71928 25583 46345 0 0 0 0 0 186708 812101 0 0 812101 0 0 0 0 84803 0 0 84803 0 0 0 0 0 0 0 0 0 0 18061389 0 21540833 0 -3479444 0 -3479444 0 0 -3479444 0 0 0 0 0 0 0 23176 5582 17594 6258 11336 0 0 23679503 146621 57681 -2582540 15648586 15648586 0 0 0 0 0 0 450236 0 450236 0 0 0 0 0 1059758 143595 363468 552695 80269 6322 49273 24674 200409 17808 101771 80830 89893 9086 43280 37527 0 0 0 0 79314 27942 51347 25 20275 0 20275 0 0 0 0 0 0 0 217098 112470 104488 140 1642788 1455870 83766 103152 57730 34627 1563 21540 118733 34154 43389 41190 300229 131295 109252 59682 0 0 0 0 95553 0 95553 0 369555 299359 4595 65601 478673 313654 63783 101236 281194 281194 0 0 0 0 0 0 417633 411622 6149 -138 112892 39015 51006 22871 Department Support-Employment 544807 539973 0 4834 Miscellaneous 242756 174607 6650 61499 Printing 73658 59129 2180 12349 Equipment and Supplies 646806 625347 10290 11169 197349 164578 18775 13996 23426194 20530233 1681089 1214872 45646 102304 15402034 13415556 23196515 29099823 57156 48372 0 0 0 0 0 0 0 0 41238 31204 15817528 2282043 13935534 13535485 11914383 7576623 108031686 113053614 1514067 938041 0 0 11147673 10590120 185285932 188391142 175069 241004 0 223894 280530 9562787 8579881 0 0 0 0 0 0 0 0 464153 443505 10425903 9544920 X 20183595 14243633 62127699 65036186 92548735 99566403 174860029 178846222 185285932 188391142 X 253309 3749422 0 0 0 -16538 X 0 1 X 1 0 X 17007107 26777434 23886640 12654113 26057741 106383035 0 0 0 0 0 0 0 0 0 0 0 0 17007107 26777434 23886640 12654113 26057741 106383035 8310222 98072813 2063476 2096136 1732675 624880 1083613 7600780 12259 -6352 -4254 11777 11336 24766 0 0 0 0 0 0 114008581 142642 0.86022 0.87551 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 71387492 4248915 13825605 1680071 3851054 120953 83809934 0.1044 0.8402 0.0554 0 0 2442000 0 2442000 12304863 0 1611173 10693690 0 0 0 0 1070665 0 670870 399795 0 0 0 0 13535485 0 F 8250 F Comingled Global Equity Funds 54227109 F Comingled Global Fixed Income 15584080 F Comingled Hedge Funds 17975190 F Comingled Real Asset Fund 15269854 F Public Real Assets 32402 F Comingled Private Capital Fund 3762512 F Private Equity 2095819 F Natural Resources 681944 F Venture 2327608 F Distressed Debt 1088846 F 113053614 Contributions Rec from CRT 647855 Benficial Interests in Perpetual Trusts 9423213 Investment in Subsidiary 1000 Cash Surrender Value of Life Insurances 502552 Gifts in Kind Held by Organization 15500 10590120 0 Fair Value of Interest Rate Swap 75796 Charitable Gift Annuity Liability 367709 443505 27217410 3749422 0 0 5583 3755005 23462405 217098 0 217098 23679503 23231217 0 0 0 0 0 23231217 217098 -22121 194977 23426194 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 good sold Schedule D, Part XII, Line 4b Gift in kind transfers to Marshall University and Cost of Good Sold 1 Marshall University One John Marshall Drive Huntington WV 25755 556000789 501c3 20513694 16540 Gifts in kind received on behalf of Marshall University To support students and the 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 0 0 0 0 0 0 0 0 Dr Ronald G Area CEO 260559 0 0 0 6420 0 30659 0 13760 0 311398 0 0 0 Mr R Scott Anderson CFO 114096 0 0 0 360 0 6867 0 17515 0 138838 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. 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 X 26 6035953 Market Quotes X 1 1640 Est Fair Mkt Value X 1 3940 Fair Mkt Value X Life Insurance Premiums 1 4800 amt paid - Fair Mkt Value X Decorations used in fundraiser 1 1084 amt paid - Fair Mkt Value X advertising 1 80 amt paid-Fair Mkt Value X Collection of Trombone Music 1 4999 donor 0 0 1 0 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 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 -20855 40615 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 0 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 Alumni Association Inc o 130343 The estimated value of the employees paid for by the foundation who work primarily with MUAA Marshall University Real Estate Foundation Inc o 0 A de minimis amount of time is spent by the staff providing support to the MUREF. Marshall University r 20530234 Cash and property transferred to Marshall University as reported on schedule I as program expenditures Marshall University l 0 The foundation is the primary fundraiser for private support for Marshall University. Marshall University j 690806 Amount determined based on the lease arrangements for educational and administrative facilities leased to the institution.