2016-02-08T14:00:44-06:00 2015-06-30 350921680 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2014-07-01 237019799 Wright State University Foundation Inc WRIG 9377752869 3640 Colonel Glenn Hwy 375 Fnd Bldg Dayton OH 454350001 Robert Batson CFO 2016-02-08 true Rachel Spurlock P00520729 6144690001 2014 2016-08-17 19:52:53Z Rebecca S Cole 3640 Colonel Glenn Hwy 375 Fnd Bldg Dayton OH 454350001 21168601 false X http://www.wright.edu/giving-alumni/wright-state-foundation X 1966 OH The mission of Wright State University Foundation is to secure, manage, and distribute private support to enhance the growth and development of Wright State University such that it can provide quality educational experiences for students, conduct scholarly research, and service the community. 30 30 3 50 4760 2258 9487402 11572187 0 0 3608832 9298649 915282 297765 14011516 21168601 6946340 9379152 0 0 347122 334914 287015 284129 1599698 1884173 2106176 9464650 12104371 4546866 9064230 134718436 137403057 4739044 4581238 129979392 132821819 To secure, manage, and distribute private support to enhance the growth and development of Wright State University such that it can provide quality educational experiences for students, conduct scholarly research, and service the community. false false 4026473 4026473 SUPPORT FOR VARIOUS ACADEMIC AND SUPPORT FUNCTIONS AT WRIGHT STATE UNIVERSITY ALLOWS ADMINISTRATORS FLEXIBILITY TO DELIVER QUALITY PROGRAMS TO THEIR CONSTITUENCIES. THESE CONTRIBUTIONS SUPPLEMENT THE UNIVERSITY'S BUDGET ALLOCATION AND ALLOW PROGRAM MANAGERS TO OFFER UNIQUE AND CREATIVE LEARNING OPPORTUNITIES FOR STUDENTS. DURING THE CURRENT YEAR, 47% OF EXPENSES IN THIS AREA RELATED TO PARTIAL OR COMPLETE SUPPORT OF PROGRAM PERSONNEL THAT OTHERWISE WOULD NOT HAVE BEEN SUPPORTED BY THE UNIVERSITY'S OPERATING BUDGET. PROCEEDS IN THIS AREA ARE ALSO USED TO CONSTRUCT, RENOVATE AND REHABILITATE UNIVERSITY FACILITIES. 3053382 3053382 STUDENTS AT WRIGHT STATE UNIVERSITY RECEIVE A QUALITY EDUCATION THAT IS PAID PARTLY BY TUITION AND PARTLY BY STATE SUBSIDY. THE LATTER REVENUE SOURCE HAS DECLINED IN RECENT YEARS THEREBY MAKING IT MORE DIFFICULT TO FINANCE A COLLEGE EDUCATION. ALTHOUGH WRIGHT STATE REMAINS ONE OF THE MOST AFFORDABLE PUBLIC INSTITUTIONS IN OHIO, THE FOUNDATION SEEKS TO OFFSET THE LOSS OF STATE TUITION SUBSIDIES BY RAISING PRIVATE CONTRIBUTIONS IN SUPPORT OF STUDENT TUITION PAYMENTS. DISTRIBUTIONS OF STUDENT FINANCIAL AID TOTALED $3,053,382 DURING THE YEAR. 1082706 1082706 THE FOUNDATION ENTERTAINS REQUESTS TO ASSIST WITH FUNDING VARIOUS UNIVERSITY PROJECTS FOR THE BETTERMENT OF THE ENTIRE CAMPUS COMMUNITY. THE MAJORITY OF EXPENSES IN THE CURRENT FISCAL YEAR WERE MADE IN SUPPORT OF THE UNIVERSITY'S BRANDING PROJECT, AS WELL AS TO SUPPORT VARIOUS ALUMNI PROGRAMMING EFFORTS. GRANTS ARE ALSO MADE IN SUPPORT OF THE UNIVERSITY'S VARIOUS PROMOTION AND OUTREACH EFFORTS. TOTAL GRANT EXPENDITURES AMOUNTED TO $1,082,706. 677883 677883 112415 ATHLETIC PROGRAMS 538708 538708 SCHOLARLY RESEARCH IS A CORE PART OF WRIGHT STATE UNIVERSITY'S MISSION. THE FOUNDATION SEEKS TO ENHANCE FUNDING FOR THESE ACTIVITIES BY RAISING PRIVATE SUPPORT THAT PROVIDES PERSONNEL AND OPERATING COST COVERAGE FOR VARIOUS PROJECTS. MANY, ALTHOUGH NOT ALL, OF THE UNIVERSITY-SUPPORTED RESEARCH PROGRAMS ARE IN THE FIELD OF MEDICINE. 1216591 1216591 112415 9379152 true true false false false false false true true true true false false true true true true false false true false false true false false false true true true false false false false false false false false true false false false true true false false false true 15 0 true 3 true true true false false false false true true false false false false X 30 30 false false true false false false false true true false false true true true true true true true true false X Robert T Batson CFP(r) 9377752869 3640 Colonel Glenn Highway Dayton OH 454350001 Amos Ronald D Chair 1.00 X X 0 0 0 Lyman MD John Vice Chair 1.00 X X 0 0 0 Kunk Andrea Secretary 1.00 X X 0 0 0 Lightner Jeffrey Treasurer; Chair, Finance Committee 1.00 X X 0 0 0 Cloyd Ronald Chair, Audit Committee 1.00 X 0 0 0 Greenwood Travis Chair, Governance Committee 1.00 X 0 0 0 McSemek David Chair, Investment Committee 1.00 X 0 0 0 Back Donna Trustee 1.00 X 0 0 0 Balyeat Martha Trustee 1.00 X 0 0 0 Bigler Eric Trustee 1.00 X 0 0 0 Caswell Rex Trustee 1.00 X 0 0 0 Cook Doug Trustee 1.00 X 0 0 0 Crosby Catherine Trustee 1.00 X 0 0 0 Deptula David Trustee 1.00 X 0 0 0 Duncan Tom Trustee 1.00 X 0 0 0 Fedders Joni Trustee 1.00 X 0 0 0 Gentile Julie Trustee 1.00 X 0 0 0 Gruenberg Jonas Trustee 1.00 X 0 0 0 Hightower Stephen Trustee 1.00 X 0 0 0 Kline Bruce Trustee 1.00 X 0 0 0 Kohr Brian Trustee 1.00 X 0 0 0 Leber Gene Trustee 1.00 X 0 0 0 Miller Jim Trustee 1.00 X 0 0 0 Montgomery William Trustee 1.00 X 0 0 0 Phillips Randy E Trustee 1.00 X 0 0 0 Pohlman William H Trustee 1.00 X 0 0 0 Reynolds Robert E Trustee 1.00 X 0 0 0 Soin Vishal Trustee 1.00 X 0 0 0 Stevens Howard Trustee 1.00 X 0 0 0 Wright Carolyn Trustee 1.00 X 0 0 0 Cole Rebecca President 10.00 30.00 X 0 228559 35552 Shepard Bill Vice President 10.00 30.00 X 0 148845 36902 Batson Robert T CFO 10.00 30.00 X 0 126714 34753 Wall Andrea Assistant Secretary 10.00 30.00 X 0 43288 11930 0 547406 119137 3 false true false SEI 1 FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT MANAGEMENT 697022 1 11572187 500122 11572187 0 0 0 0 0 3465037 4760 3460277 185350 185350 0 185350 185350 5833612 5833612 0 5833612 5833612 OTHER INCOME 900099 112415 112415 0 0 0 0 112415 21168601 112415 4760 9479239 6325770 6325770 3053382 3053382 255515 255515 79399 79399 44777 44777 25600 25600 284129 284129 726254 726254 584837 0 0 584837 58639 13467 45172 192055 4942 187113 125661 124077 1584 177644 15695 161949 19298 19298 9332 9332 116887 116887 19389 19389 MISCELLANEOUS 5803 5803 0 0 0 0 12104371 9379152 1125521 1599698 3271998 1578436 1098 138 6440300 11329600 0 0 2798259 194128 2674455 2604131 101623727 100745814 17712019 18208014 0 2994839 2936924 134718436 137403057 274824 307618 1997880 2026895 0 1000000 800000 1466340 1446725 4739044 4581238 X 9318236 7623690 79199828 82213309 41461328 42984820 129979392 132821819 134718436 137403057 X 9064230 -6173070 -48733 X false true X true false X 4796110 4827317 7543181 9487402 11572187 38226197 4796110 4827317 7543181 9487402 11572187 38226197 4430408 33795789 3018683 2809933 3280922 2203942 3650387 14963867 3932 3932 206681 160980 52046 839184 112415 1371306 54565302 0 0.6194 0.6137 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 206681.0, COLUMN B - 160980.0, COLUMN C - 52046.0, COLUMN D - 839184.0, COLUMN E - 112415.0, COLUMN F - 1371306.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 0 0 0 0 true X 93411764 1767157 2235066 5263608 92150379 84195844 4727493 9001610 4513183 93411764 76972250 2233453 7516400 2526259 84195844 46039793 1823587 262365 -28846505 76972250 39348811 1645498 6931892 1886408 46039793 0.4327 0.4665 0.1008 false false 173000 173000 2550063 183902 2366161 28632 10226 18406 46564 46564 2604131 Limited Partnerships 900614 F Alternative Assets 17307400 F 18208014 Due to Wright State University 1117925 Annuities Payable 328800 1446725 X 14239844 -6173070 0 -6173070 20412914 726254 29433 755687 21168601 11397417 19300 19300 11378117 726254 0 726254 12104371 Schedule D, Part IV, Line 2b Explanation of escrow agreement WSU Foundation holds and invests assets on behalf of the Western Ohio Education Foundation (WOEF) and the WSU Alumni Association (WSUAA). WOEF is the educational foundation that benefits the Lake Campus branch of Wright State University, located in Celina, Ohio. WSUAA is an association of former Wright State students that encourages continued interaction with the Universtiy. Both entities share proportionately in the investment earnings and losses of the WSU Foundation non-endowed portfolio, including fees charged by professional investment managers. Assets deposited by WOEF and WSUAA with the WSU Foundation may be withdrawn or supplemented at any time with little or no notice required. Assets on deposit at the end of the fiscal year are included in the "investments in securities" line of the WSU Foundation statement of activities. The related liability is listed as "deposits held in custody for others." Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds have been established with the Foundation to support three major program areas; academic and support programs, student financial aid and research. Specifically, endowments fund program operations, student scholarships and awards, department chair positions, professorships, student support programs and individual research projects. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation has been approved under Internal Revenue Code Section 501(c)(3) as a nonprofit organization exempt from federal taxes on its normal activities. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. A 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. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2015 or 2014, respectively. The Foundation does not have any tax benefits recorded at June 30, 2015, and does not expect that position to significantly change in the next year. The Foundation would recognize interest and/or penalties related to income tax matters in income tax expense, if applicable, and there were no amounts accrued for interest and penalties at June 30, 2015 or 2014. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - 5333 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE - 24100 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 WRITE OFF OF NONCOLLECTIBLE PLEDGES - 19300 Central America and the Caribbean 0 0 Investments 14859000 0 0 0 0 0 0 14859000 0 14859000 false false true true false false X X X X X true WILSON-BENNETT TECHNOLOGY INC MANAGEMENT OF STUDENT PHONATHON OPERATION false 126000 -126000 SNAVELY ASSOCIATES DEVELOPMENT OF CAMPAIGN THEME, COMMUNICATIONS false 158129 -158129 Angelia K Hopkins 1425 Ashbury Park Pl Centerville OH 454586405 Donor cultivation/campaign event planning false 35000 -35000 0 319129 -319129 OH true Wright State University 3640 Colonel Glenn Highway Dayton OH 454350001 310732831 State University 6325770 0 N/A N/A Insitutional Support 1 0 SCHOLARSHIPS 1267 3053382 0 N/A N/A Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds All expenditures of grant proceeds for program support, research, athletics and miscellaneous grants are subject to approval of the Foundation's CFO or his/her designee. Prior to approval, the CFO reviews the purpose of the expenditure in conjunction with donor restrictions as specified in gift agreements and other related gift documents. With respect to scholarship awards, grant proceeds are released to the Financial Aid Office of Wright State University, a related tax-exempt organization, which credits individual student accounts in the amount of scholarships awarded. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. All expenditures of grant proceeds for program support, research, athletics and miscellaneous grants are subject to approval of the Foundation's CFO or his/her designee. Prior to approval, the CFO reviews the purpose of the expenditure in conjunction with donor restrictions as specified in gift agreements and other related gift documents. With respect to scholarship awards, grant proceeds are released to the Financial Aid Office of Wright State University, a related tax-exempt organization, which credits individual student accounts in the amount of scholarships awarded. false false false false false false false false Cole Rebecca President 0 218587 0 0 0 9972 0 31019 0 4533 0 264111 0 0 Shepard Bill Vice President 0 144359 0 0 0 4486 0 20596 0 16306 0 185747 0 0 Batson Robert T CFO 0 116839 0 0 0 9875 0 18238 0 16515 0 161467 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The compensation of the CEO of the organization is reviewed and approved by the board of trustees of Wright State University. The board uses comparability data, surveys and other sources to determine compensation. The last compensation review was performed and documented in FY15. X 12 500122 Market value 2 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded: Number of contributions Schedule M, Part I, Line 9 Number of contributions or items contributed Number of contributions CoreFormPartIII_PartIIILine4d Description of other program services (Expenses $ 1,082,706 including grants of $ 1,082,706) THE FOUNDATION ENTERTAINS REQUESTS TO ASSIST WITH FUNDING VARIOUS UNIVERSITY PROJECTS FOR THE BETTERMENT OF THE ENTIRE CAMPUS COMMUNITY. THE MAJORITY OF EXPENSES IN THE CURRENT FISCAL YEAR WERE MADE IN SUPPORT OF THE UNIVERSITY'S BRANDING PROJECT, AS WELL AS TO SUPPORT VARIOUS ALUMNI PROGRAMMING EFFORTS. GRANTS ARE ALSO MADE IN SUPPORT OF THE UNIVERSITY'S VARIOUS PROMOTION AND OUTREACH EFFORTS. TOTAL GRANT EXPENDITURES AMOUNTED TO $1,082,706. CoreFormPartIII_PartIIILine4d Description of other program services (Expenses $ 677,883 including grants of $ 677,883)(Revenue $ 112,415) ATHLETIC PROGRAMS Form 990, Part V, Line 1c Required Federal Employment Tax Returns and Backup Withholding Wright State University Foundation, Inc. (WSUF) was incorporated to receive and hold gifts, grants and bequests of money and property for the benefit of Wright State University (WSU) and its students and faculty. WSUF has no employees of its own, but several WSU employees provide staff support. Although WSUF is a legally separate, tax-exempt entity, it has been determined that it does meet the criteria for discrete presentation within WSU's financial statement. Based on the IRS instructions for Schedule R, WSUF and WSU are not considered related based on the definitions provided. However, to provide transparency and clarity to the reader the Form 990 has been presented as WSUF and WSU being related entities to accurately reflect the on-going operations. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is composed of the President (non-voting), Board Chair, Vice Chair, Treasurer, Secretary, Chairs of each of the standing committees (4) and an at-large Trustee. The Foundation's Code of Regulations authorizes the Executive Committee to exercise all of the authority of the Board of Trustees, but only in the intervals between meetings of the Board. Form 990, Part VI, Line 4 Significant changes to organizational documents Increased the maximum number of trustees permitted on the board (35 changed to 40), added two student trustee positions, changed the name of the Committee on Trustees to the Governance Committee, eliminated the Development Committee and revised quorum voting language. Form 990, Part VI, Line 11b Review of form 990 by governing body Prior to filing with the IRS, the Form 990 is reviewed by the Audit Committee. The full document is presented to the Committee and staff provides an overview of the information contained in the report. Once the Audit Committee is satisfied that the form is accurately completed, it approves the form for filing. Prior to filing, the final version of the Form 990 is distributed to each member of the Foundation Board. Form 990, Part VI, Line 12c Conflict of interest policy Trustees of Wright State University Foundation, Inc. (the Foundation) are annually required to sign a conflict of interest policy statement and to disclose any potential conflicts that may exist. These disclosures are reviewed by the Foundation's CFO. This position is responsible for reviewing and approving all operating expenditures authorized by the annual Foundation budget. Such authorizations are made in light of the CFO's knowledge of conflict disclosures. Trustees are expected to abstain from self-dealing and any votes that may be biased by personal conflicts of interest. The annual disclosure procedure helps them identify and avoid such conditions. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation of the President of the organization is reviewed and approved by the Board of Trustees of Wright State University. The Board uses comparability data, surveys and other sources to determine compensation. The last compensation review was performed and documented in FYE 2015. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of the other officers of the organization is reviewed and approved by the Board of Trustees of Wright State University. The Board uses comparability data, surveys and other sources to determine compensation. The last compensation review was performed and documented in FYE 2015. Form 990, Part VI, Line 19 Required documents available to the public In general, documents maintained by Wright State University Foundation, Inc. (the Foundation) are subject to the State of Ohio's Public Records Law, which generally holds that all requests for documents will be fulfilled. The Foundation's annual financial statements and several governing documents are also published on its website. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST TRUSTS - -5333; CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE - -24100; WRITE OFF OF NONCOLLECTIBLE PLEDGES - -19300; FAIRBORN OFFICE PROPERTY LLC 3070 PRESIDENTIAL DRIVE FAIRBORN OH 45324 HOLDS TITLE TO PROPERTY OCCUPIED BY WSU FOUNDATION, INC. OH 185350 2585725 WRIGHT STATE UNIVERSITY FOUNDATION INC WRIGHT STATE UNIVERSITY 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 310732831 EDUCATION OH 501(c)(1 NA false CHARITABLE REMAINDER TRUSTS (4) INVESTMENTS OH NA Trust false true false false false false false false false true false true true true true true false false false