2016-05-12T10:02:08-05:00 2015-06-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2014-07-01 316402269 The Ohio University Foundation OHIO 7405931901 PO Box 869 Athens OH 45701 Stephen T Golding Treasurer 2016-05-06 true Rachel Spurlock P00520729 5023263996 2014 2016-08-17 19:52:53Z J Bryan Benchoff PO Box 869 Athens OH 45701 333336007 false X www.ohio.edu/foundation X 1945 OH The Ohio University Foundation is an active partner in Ohio University's mission of education, research, and service. The Foundation provides support for financial aid, research, capital expansion, and other academic initiatives, securing for Ohio University a margin of excellence that otherwise would not be possible. 40 37 116 525 52139 -25265 25231093 35601260 0 0 34712588 51863782 1148450 1412015 61092131 88877057 18717199 22818117 0 0 7572510 8282813 553596 722733 9566800 7321691 6765986 34164996 38589649 26927135 50287408 521247742 516284477 9970071 9513147 511277671 506771330 The Ohio University Foundation was established in 1945 to support the mission of Ohio University, the first institution of higher education in the Northwest Territory. Ohio University holds as its central purpose the intellectual and personal development of its students and is well-known for its outstanding faculty of accomplished teachers whose research and creative activity advance knowledge across many disciplines. During fiscal year 2015 The Ohio University Foundation received thousands of gifts totaling in excess of $31 million. false false 25167139 22818117 979117 The Ohio University Foundation provides funding for many university needs including academic and instructional support, student aid, research, facilities, athletics and much more. During fiscal year 2015, The Ohio University Foundation provided $13.0 million in support for instruction and research, $5.2 million in student aid, and $4.9 million in support of other academic initiatives. Ohio's premier scholarship programs include The Appalachian Scholar Program, The Urban Scholars Program, The Cutler Scholars Program, and many more need and merit-based scholarships. Significant gifts were received during fiscal 2015 for the colleges of arts and sciences, business, engineering and osteopathic medicine, as well as for student financial aid, intercollegiate athletics and many other areas. 25167139 true true false false false true false false false true true true false false true true false true false false true false false true true false false true false true false false false false false false false false true false false false true true true true false false true 0 0 116 true true true true CJ false false false true true false false false false false false false X 40 37 false false false false false false false true true false true true true true true true true true false false false AK AZ CA CT FL HI KY MD MA MI MN MS NV NH NJ NY NC OK OR SC UT VA WV WI X Candice Casto 7405931901 Ohio University WUSOC 168 Athens OH 457012979 Laura A Brege Chairperson 4.00 X X 0 0 0 Lawrence E McHale Vice Chair 4.00 X X 0 0 0 Perry A Sook Vice Chair 4.00 X X 0 0 0 Steven L Schoonover Secretary 4.00 X X 0 0 0 J Bryan Benchoff President & CEO 40.00 X X 253221 0 61246 Stephen T Golding Treasurer & CFO 8.00 32.00 X X 0 334664 64256 Patricia A Ackerman Trustee 1.00 X 0 0 0 Susan J Ackerman Trustee 1.00 X 0 0 0 Sandra J Anderson Trustee 1.00 X 0 0 0 Charles W Beck Jr Trustee 1.00 X 0 0 0 R Emmett Boyle Trustee 1.00 X 0 0 0 Yvette McGee Brown Trustee 1.00 X 0 0 0 Norman E DeWire Trustee 1.00 X 0 0 0 Dick Dickerson Trustee 1.00 X 0 0 0 James Edwards Trustee 1.00 X 0 0 0 Alex J Garcia Jr Trustee 1.00 X 0 0 0 Donny Harrison Trustee 1.00 X 0 0 0 William D Hilyard Trustee 1.00 X 0 0 0 Beverly Jones Trustee 1.00 X 0 0 0 Janis Jones Trustee 1.00 X 0 0 0 Wilfred R Konneker Trustee 1.00 X 0 0 0 Thomas Kostohryz Trustee 1.00 X 0 0 0 Kevin B Lake Trustee 1.00 X 0 0 0 Jeffrey Loewy Trustee 1.00 X 0 0 0 Roderick J McDavis Trustee 8.00 32.00 X 0 695096 144260 Gary G Nakamoto Trustee (partial year) 1.00 X 0 0 0 William T Newman Jr Trustee 1.00 X 0 0 0 Charles L Patton Jr Trustee 1.00 X 0 0 0 David W Pidwell Trustee 1.00 X 0 0 0 I Robert Rudy Trustee 1.00 X 0 0 0 Raymond E Schilderink Trustee 1.00 X 0 0 0 Dave Scholl Trustee 1.00 X 0 0 0 Janice L Scites Trustee 1.00 X 0 0 0 Jeffrey A Stanley Trustee 1.00 X 0 0 0 Frank B Stevens Trustee 1.00 X 0 0 0 Ron Teplitzky Trustee 1.00 X 0 0 0 Peggy Viehweger Trustee 1.00 X 0 0 0 Rick Vincent Trustee 1.00 X 0 0 0 Ty Votaw Trustee 1.00 X 0 0 0 Byron Ward Trustee 1.00 X 0 0 0 Thomas Weihe Trustee 1.00 X 0 0 0 E John Wolfzorn Trustee (partial year) 1.00 X 0 0 0 Melvin Blackburn Jr Assistant VP for Development & Associate Campaign Manager 40.00 X 180558 0 44337 Jennifer Neubauer Assistant VP for Alumni Relations 40.00 X 145224 0 19811 Candice J Casto Chief Finance & Investment Officer for Foundation Operations 40.00 X 136747 0 45352 Kelli L Kotowski Exec Director, Gift Planning & Principal Gifts 40.00 X 134930 0 37977 Joseph Pauwels Assistant VP, Advancement Svcs 40.00 X 130482 0 44452 Ellen B Fultz Exec Director, Scholarships and Special Projects 40.00 X 120768 0 43893 1101930 1029760 505584 9 false true false Hirtle Callaghan & Co 300 Barr Harbor Dr Ste 200 West Conshohocken PA 19428 Investment Management 518736 Wilson-Bennett Technology 140 Professional Dr Ste 2 Cabot AR 72023 Fundraising 385827 Arden Asset Management LLC 375 Park Ave 32nd Floor New York NY 10152 Investment Managment 381364 RuffaloCody LLC 65 Kirkwood North Rd SW Cedar Rapids IA 54206 Fundraising 336906 Beach Point Capital Management 1620 26th Street Suite 6000 Santa Monica CA 90404 Investment Management 261890 8 0 0 120188 4403275 0 31077797 1203257 35601260 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10388488 0 8475 10380013 0 0 0 0 6220 0 0 6220 1795317 0 1396407 0 398910 0 398910 0 0 398910 284333409 0 242858115 0 41475294 0 41475294 0 0 41475294 89710 120188 105606 -15896 0 -15896 0 0 0 0 0 0 142486 98822 43664 0 43664 0 Revenues from sales, services, and events 453220 323719 323719 0 0 Miscellaneous Revenue 900099 655398 655398 0 0 0 0 0 0 0 0 0 0 979117 88877057 979117 52139 52244541 22818117 22818117 649953 39507 610446 6654867 984659 526683 5143525 655072 96922 51843 506307 246460 36503 19525 190432 76461 11313 6051 59097 1200 1200 82111 80111 2000 722733 722733 3085344 3085344 321043 96490 4991 219562 205128 122918 55 82155 1464183 407604 59478 997101 130075 1102 638 128335 100 100 72452 48310 4851 19291 614473 106249 5766 502458 606347 309792 296555 3632 782 2850 Repairs and Maintenance 59290 29432 -30777 60635 120608 96846 444 23318 38589649 25167139 3855710 9566800 19361676 14196199 14898320 22118591 343924 472176 0 0 0 92469 129358 8768180 2392453 6962222 6375727 347020699 344269436 110409701 107003698 0 22158731 21719292 521247742 516284477 675694 710441 9294377 8802706 9970071 9513147 X 3345164 3005997 328602919 311370752 179329588 192394581 511277671 506771330 521247742 516284477 X 50287408 -54202501 -591248 X false true X true false X 27658169 20597228 13460182 19128929 31197985 112042493 27658169 20597228 13460182 19128929 31197985 112042493 7076781 104965712 8549357 11441703 13048601 12994427 12190025 58224113 37020 56561 73309 73576 12956 253422 170520028 31000361 0.6156 0.5834 X Schedule A, Part II, Line 10 Other Income Other income Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 37020.0, COLUMN B - 56561.0, COLUMN C - 73309.0, COLUMN D - 73576.0, COLUMN E - 12956.0, COLUMN F - 253422.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 43500 0 1267296 0 true true 434142124 12895415 -5636068 0 12680259 6461268 422259944 378614000 10814821 62255001 0 11745258 5796440 434142124 347215057 5336372 41175248 0 10423604 4689073 378614000 322240147 10073261 27811732 0 10777830 2132253 347215057 266714480 17015587 48720711 0 9174342 1036289 322240147 0.2216 0.7784 0.0 false false 2291595 2291595 6082721 2256484 3826237 393864 135969 257895 6375727 4644351 F Private Equity Fund 23077372 F Private Real Estate Fund 6905219 F Commodities Fund 7037763 F Hedge Fund 65338993 F 107003698 Charitable Trust Obligations 4122145 Deposits Held in Custody for Others 1408073 Annuities Payable 1853312 Due to Affiliate - Ohio University 1419176 8802706 X Schedule D, Part V, Line 4 Intended uses of endowment funds The Foundation's endowment includes both donor-restricted endowment funds and funds designated by the board of trustees as quasi-endowments. The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the long-term purchasing power of the endowment assets. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has determined that the Foundation is an exempt organization under Section 501(c)(3) of the Internal Revenue Code, except for taxes on unrelated income. Accordingly, no provision has been made for federal or state income taxes. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and to recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes that it is no longer subject to income tax examinations for years prior to June 30, 2012. Central America and the Caribbean 0 0 Investments 46886027 0 0 0 0 0 0 46886027 0 46886027 true false true true true false X X X X X X true RuffaloCody LLC 65 Kirkwood North Rd SW Cedar Rapids IA 54206 Fundraising false 253634 336906 -83272 Wilson-Bennett Technology Inc 140 Professional Dr Suite 2 Cabot AR 72023 Fundraising false 209557 385827 -176270 463191 722733 -259542 NJ OH AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NM NY NC ND OK OR PA RI SC TN UT WA WV WI Dublin Open HCOM Golf Outing 37836 24880 12956 4357 12400 1100 2234 BERNARD L EDWARDS MEMORIAL GOLF TOURNAMENT 33790 25686 8104 6219 10186 750 1693 9 138272 69622 68650 150 10296 14165 22057 5084 14915 209898 120188 89710 150 20872 14165 44643 6934 18842 105606 -15896 Schedule G, Part I, Line 2b(vi) Amount paid to (or retained by) the organization The Foundation is reviewing the annual giving program and considering ways to improve the rate of return. Schedule G, Part I, Line 2b Professional Fundraiser The telemarketing services agreement between Ruffalocody, LLC and Ohio University provides for a twelve-month-a-year, on-campus telephone fundraising program. The program is designed to complete a certain amount of calls in an agreed upon rate per completed call. The agreement provides that Ruffalocody is responsible for office supplies, recruiting expenses, staff relocation, and travel expenses. During the 2015 fiscal year, Ohio University transitioned telemarketing vendors from RuffaloCODY to Wilson Bennett Technologies. This transition has created some additional initial expenses to the program as well as a slight performance lag during the transition. Revenue streams and cost factors: As indicated in schedule G, the telephone fundraising program generated $456,542 in revenues during fiscal year 2015, at a cost of $722,733. Other considerations: As part of the telephone fundraising program, thousands of calls and solicitations are completed each fiscal year. There is a distinct intangible value in connecting with alumni. In a study conducted by an independent group, the foundation established the following data and trend lines for Ohio University donors who eventually gave $10,000: i) before making their $10,000 gift, they first participated in 9 to 13 annual fund years; ii) they made a gift in 7 out of 10 fiscal years just prior to making their $10,000 gift; iii) 61% of all donors who made a $10,000 gift made a first gift of $50 or less; iv) 38% of all donors who made a $10,000 gift made a first gift of less than $25. true Ohio University Cutler Hall 108 Athens OH 45701 316402113 501(C)(1) 22818117 0 Instruction, Student and Etc 1 0 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds The Foundation was established to solicit and receive gifts and contributions for the benefit of Ohio University and to ensure that funds and property received are applied to the uses specified by the donors. As such, amounts reported in Schedule I, Part I, reflect financial support that the Foundation provides to the University for scholarships, academic programs, research, facilities, faculty and other initiatives of the University. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Foundation was established to solicit and receive gifts and contributions for the benefit of Ohio University and to ensure that funds and property received are applied to the uses specified by the donors. As such, amounts reported in Schedule I, Part I, reflect financial support that the Foundation provides to the University for scholarships, academic programs, research, facilities, faculty and other initiatives of the University. X X true true false false false false false false false false J Bryan Benchoff President & CEO 243621 0 0 0 9600 0 34936 0 26310 0 314467 0 0 0 Stephen T Golding Treasurer & CFO 0 334614 0 0 0 50 0 47266 0 16990 0 398920 0 0 Roderick J McDavis Trustee 0 535869 0 85000 0 74227 0 127420 0 16840 0 839356 0 0 Melvin Blackburn Jr Assistant VP for Development & Associate Campaign Manager 180318 0 240 0 0 0 25871 0 18466 0 224895 0 0 0 Jennifer Neubauer Assistant VP for Alumni Relations 141508 0 0 0 3716 0 19811 0 0 0 165035 0 0 0 Candice J Casto Chief Finance & Investment Officer for Foundation Operations 136747 0 0 0 0 0 19786 0 25566 0 182099 0 0 0 Kelli L Kotowski Exec Director, Gift Planning & Principal Gifts 134810 0 120 0 0 0 19501 0 18476 0 172907 0 0 0 Joseph Pauwels Assistant VP, Advancement Svcs 130482 0 0 0 0 0 18906 0 25546 0 174934 0 0 0 Ellen B Fultz Exec Director, Scholarships and Special Projects 117000 0 240 0 3528 0 17181 0 26712 0 164661 0 0 0 Schedule J, Part I, Line 3 Method for establishing compensation The University's process for establishing compensation for President and CEO, Bryan Benchoff, included contracting with an executive search firm that provided a compensation analysis based on review of similarly-sized organizations and positions. In addition, CUPA HR data was reviewed for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. This process was last performed in July 2012. In April 2012, the University started a compensation project focusing on classified non-bargaining employees and administrative/professional employees on all campuses. As part of the project, the University agreed to review the compensation of each employee and develop an appropriate market-based compensation strategy. COMP 2014 also involved a review of current job descriptions and classifications and the development of a new pay plan. The outcome of COMP 2014 is the creation of a clear job framework that provides progression paths for classified non-bargaining and administrative employees. The job framework includes 28 job families and 124 sub-families within three career tracks. Each position within the scope of the project was assigned to a career track, job family and sub-family based upon the job documentation on file for the position. Positions were market-priced based upon the assignment of their sub-family and job level. Pay grades were assigned based upon a market analysis conducted by a consultant. The University now has one pay structure for all non-bargaining classified and administrative jobs. The OHIO Board of Trustees approved the pay structure at their October 17, 2014, meeting and the pay structure went into effect with the start of the first pay period in November 2014. Schedule J, Part I, Line 1a Travel for companions The Foundation provides for required travel for donor development and alumni fundraising activity for certain interested persons and their companions. When the travel for companions is considered personal in nature, the value of the travel is included in compensation to the interested person. Schedule J, Part I, Line 1a Housing allowance or residence for personal use The University provides a residence for Dr. Roderick J. McDavis, in his capacity as President of the University. This benefit is reported as taxable compensation. X 61 1203257 Market value 2 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded: The organization reports gifts of publicly traded stock based on the number of contributions received, not the number of shares received. Form 990, Part V, Line 2a Common paying agent for employees Ohio University (OU) EIN 31-6402113 is the common paying agent for Ohio University Foundation (OUF). Therefore, all applicable IRS tax compliance filings are reported by OU on behalf of OUF. The number of W-2s reported on Form W-3 by OU was 5,177 of which the number of W-2s reported and filed for 2014 by OU for OUF, was approximately 116. Form 990, Part VI, Line 15a Process to establish compensation of top management official The University's process for establishing compensation for President and CEO, Bryan Benchoff, included contracting with an executive search firm that provided a compensation analysis based on review of similarly-sized organizations and positions. In addition, CUPA HR data was reviewed for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. This process was last performed in July 2012. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 AND SUPPLEMENTAL SCHEDULES WERE REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND AUDIT COMMITTEE, THEN PROVIDED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The conflict of interest policy for The Foundation covers all members of the Board of Trustees. The policy requires that all potential conflicts be presented to the Chairperson of The Foundation for purposes of review and possible remedial or management action, including the removal of a trustee, and further requires such conflicts be updated annually. Remedial or management action could include, but not be limited to, full disclosure, refusal and abstention in discussions and votes, and ending of the conflict of interest circumstances. In cases where an actual or potential conflict of interest cannot be resolved by remedial or management action, the Trustee will be removed from his/her position. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. Governing documents and conflict of interest policies are not routinely made available to the public at this time. However, the Foundation's audited financial statements are available to the public via a website maintained by Ohio University. Also, as the Foundation is affiliated with Ohio University, which is subject to Ohio's public records law, the Foundation's financial statements, governing documents, and conflict of interest policies are made available in response to appropriate public records requests. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - -591248; Fritz J and Dolores H Russ Holdings LLC Ohio University WUSOC 168 Athens OH 45701 Real Estate OH 0 0 The Ohio University Foundation Russ Research Center LLC Ohio University WUSOC 168 Athens OH 45701 R&D OH 1795317 6735208 Fritz J and Dolores H Russ Holdings LLC Russ North Valley Road LLC Ohio University WUSOC 168 Athens OH 45701 Real Estate OH -436731 0 Fritz J and Dolores H Russ Holdings LLC Ohio University Cutler Hall Room 108 Athens OH 45701 316402113 University OH 501(c)(1 NA false Housing for Ohio Inc Ohio University WUSOC 168 Athens OH 45701 311691089 Student Housing OH 501(c)(3 Type I The Ohio University Foundation true Sugarbush Foundation 206 McGuffey Hall Athens OH 45701 204352434 Supporting Foundation OH 501(c)(3 Type I The Ohio University Foundation true Inn-Ohio of Athens Inc 331 Richland Avenue Athens OH 45701 311190088 Hotel/Conference OH NA C Corporation 5271789 7816272 1 true Scholarship Trust Fund OUF PO Box 869 Athens OH 45701 206887884 Provide Scholarships OH NA Trust true Charitable Remainder UniTrust (CA-1) Provide support to university CA NA Trust true Charitable Remainder Unitrust provide support to university FL na Trust true Charitable Remainder Unitrust (GA-1) provide support to university GA na Trust true Charitable Remainder Unitrust (md-1) provide support to university MD na Trust true Charitable Remainder Unitrust (OH-10) provide support to university OH na Trust true false true true false false false false false false false true false false true true true true true true Sugarbush Foundation C 335632 Cash