2016-05-13T12:47:33-05:00 2015-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2014-07-01 930619733 Portland State University Foundation % TOM BULL PORT 5037255863 1600 SW Fourth Avenue Suite 730 Portland OR 97201 STACEY HENRIQUEZ INTERIM CFO 2016-05-11 2014 2016-08-17 19:52:53Z TOM BULL 1600 SW Fourth Avenue STE 730 Portland OR 97201 44603793 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 28 131 65 0 21298058 25380353 8594921 14942453 3655712 4200405 -331626 -97496 33217065 44425715 14453540 29871476 0 0 1400178 6747037 0 0 3940963 7815181 8154586 23668899 44773099 9548166 -347384 133247273 133814713 51297618 55134321 81949655 78680392 X SEE SCHEDULE O false false 36635949 29871476 14932453 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, 2015, THE FOUNDATION AWARDED $29,871,476 TO THE UNIVERSITY; $3,212,697 FOR SCHOLARSHIPS & FELLOWSHIPS, $16,312,903 FOR CAPITAL PROJECTS, $9,855,944 FOR ACADEMIC SUPPORT, AND $489,932 FOR ADMINISTRATIVE SUPPORT. THE FOUNDATION ALSO MAKES AVAILABLE TO THE UNIVERSITY THE BROADWAY HOUSING PROJECT WHICH PROVIDES STUDENT HOUSING, CLASSROOMS AND ACADEMIC FACILITIES. 36635949 true true false true false false false false true true false false true true false false true false false false false false false true false 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 168 0 131 true false false false false false true true false false false false X 28 28 false false true false false false false true true false false false true true true true true true true false OR X X TOM BULL 5037255881 1600 SW FOURTH AVENUE 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 KURT BRUUN TRUSTEE 1.0 0.0 X 0 0 0 KIMBERLY COOPER TRUSTEE 1.0 0.0 X 0 0 0 MARY DICK TRUSTEE 1.0 0.0 X 0 0 0 LIZ 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 JACK LOACKER TRUSTEE 1.0 0.0 X 0 0 0 MARK MILLER TRUSTEE 1.0 0.0 X 0 0 0 JON MITCHELL PAST BOARD CHAIR 1.0 0.0 X 0 0 0 TAMMY NEITZKE TRUSTEE 1.0 0.0 X 0 0 0 PETE NICKERSON TRUSTEE 1.0 0.0 X 0 0 0 AZAM QAYUM TRUSTEE 1.0 0.25 X 0 0 0 MARK ROSENBAUM BOARD CHAIR 2.0 2.0 X 0 0 0 SKIP STANAWAY TRUSTEE 1.0 0.0 X 0 0 0 LINDSAY STEWART TRUSTEE 1.0 0.0 X 0 0 0 BARRE STOLL TRUSTEE 1.0 0.0 X 0 0 0 PETER STOTT TRUSTEE 1.0 0.0 X 0 0 0 CARL TALTON TRUSTEE 1.0 0.0 X 0 0 0 WALLY VAN VALKENBURG TRUSTEE 1.0 0.0 X 0 0 0 DON VOLLUM TRUSTEE 1.0 0.0 X 0 0 0 JON WIENER TRUSTEE 1.0 0.25 X 0 0 0 WIM WIEWEL TRUSTEE 1.0 0.0 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 FRANCOISE BERTHET-AYLMER PRESIDENT/CEO 40.0 0.25 X 137805 0 24548 REBECCA HEIN CFO 40.0 0.25 X 134407 0 25393 FRED GRANUM FORMER CEO 40.0 0.25 X 204675 0 17281 476887 0 67222 3 true true false NONE 0 981380 0 24398973 2218044 25380353 RENTAL INCOME 532000 6729039 6729039 CONTRACT SERVICE REVENUE 541900 7510533 7510533 OTHER PROGRAM SERVICE REVENUE 900099 702881 702881 14942453 4210405 4210405 0 0 505852 168078 337774 0 337774 337774 10000 -10000 -10000 -10000 -435270 -435270 -435270 -435270 0 0 0 44425715 14932453 4112909 29871476 29871476 0 0 0 476887 476887 0 4454251 1929137 2525114 514789 281638 233151 836770 405947 430823 464340 214106 250234 0 51561 5225 46336 57700 12300 45400 0 0 15 15 222278 20843 171868 29567 6944 4084 2860 0 0 0 0 19440 13527 5913 0 0 2802213 2802213 0 816927 762559 51921 2447 183918 164538 19380 STUDENT HOUSING OPERATING EX 1812918 1812918 FOOD SERVICE EXPENSES 1190441 1190441 MISCELLANEOUS 872365 -6564 418661 460268 MEALS & ENTERTAINMENT 82211 72390 9821 35655 44890 -9235 44773099 36635949 4196187 3940963 55317 57379 507820 1189373 8744811 11155703 413346 714685 0 0 0 0 0 0 0 0 243183 354634 41094191 9832379 31607658 31261812 81988969 78817202 0 0 1151094 1151094 0 0 8535075 9112831 133247273 133814713 1428867 2408974 883073 564696 25077 28610 43477378 42407685 0 0 0 0 0 0 0 0 5483223 9724356 51297618 55134321 X -2873595 -1361947 42908324 35282585 41914926 44759754 81949655 78680392 133247273 133814713 -347384 -2921879 X false true X true false X 15485193 15924561 19202989 21298058 25380353 97291154 0 0 15485193 15924561 19202989 21298058 25380353 97291154 9686546 87604608 3199842 3505180 3604116 4134278 4716258 19159674 0 170942 166982 226284 291375 236269 1091852 117542680 47015262 0.74530 0.73920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 17007 false false 17007 false PART I-A PORTLAND STATE UNIVERSITY FOUNDATION'S CEO AND SOME MEMBERS OF THE BOARD ENGAGED DIRECTLY WITH STATE LEGISLATORS TO SUPPORT LEGISLATION BENEFICIAL TO PORTLAND STATE UNIVERSITY. IN ADDITION, PORTLAND STATE UNIVERSITY FOUNDATION ENGAGED A LOBBYIST TO COORDINATE EFFORTS AND CONTACT STATE LEGISLATORS. 52304913 3602384 849338 1846055 755419 54155161 44053700 4325231 6345950 1767455 652513 52304913 38548541 4053085 3521432 1486512 582846 44053700 40009710 1411176 -1310494 996813 565038 38548541 32017537 2693725 6908056 1108367 501241 40009710 0.12000 0.88000 false false 3482236 3482236 36293378 8886395 27406983 359358 351395 7963 588262 569421 18841 370957 25168 345789 31261812 DEFERRED FINANCING COSTS 911443 ACCRUED INTEREST RECEIVABLE 43500 FUND RESERVES (LIMITED) 8101037 OTHER ASSETS 56851 9112831 0 LIFE INCOME PAYABLE 1267629 INTEREST PAYABLE 681367 DEFERRED REVENUE 5140360 ENDOWMENTS HELD FOR PSU 2635000 9724356 42677684 -2921879 1173846 -1748033 44425717 44425717 45946947 1173846 1173846 44773101 44773101 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 $671,539 - RECLASS FUNDRAISING DIRECT EXPENSES $168,078 - RECLASS RENTAL EXPENSES $334,229 - RECLASS EXPENSES LESS DISTRIBUTED FUNDS OF AFFILIATED ORGANIZATION (2828 CORBETT, INC.) EXPENSES - OTHER ADJUSTMENTS PART XII, LINE 2D $671,539 - RECLASS FUNDRAISING DIRECT EXPENSES $168,078 - RECLASS RENTAL EXPENSES $334,229 - RECLASS EXPENSES LESS DISTRIBUTED FUNDS OF AFFILIATED ORGANIZATION (2828 CORBETT, INC.) WINE & ROSES 400857 317867 82990 35762 91805 AWARDS DINNER 668095 556530 111565 119943 75000 238032 5 148697 106983 41714 21461 89536 1217649 981380 236269 177166 75000 419373 671539 -435270 true PORTLAND STATE UNIVERSITY PO BOX 751 PORTLAND OR 97207 936001786 UNIVERSITY 29871476 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 PRESIDENT/CEO 137805 0 0 0 0 0 0 0 0 0 137805 0 0 0 FRED GRANUM FORMER CEO 204675 0 0 0 0 0 0 0 0 0 204675 0 0 0 REBECCA HEIN CFO 134407 0 0 0 0 0 0 0 0 0 134407 0 0 0 SOCIAL CLUB DUES PART 1, LINE 1A THE FOUNDATION PROVIDED SOCIAL CLUB DUES TOTALING $2,370 FOR THE PRESIDENT/CEO, WHICH IS USED BY THE PRESIDENT/CEO 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 false 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. X 49 1556140 AVG HIGH/LOW PRICE X AUCTION ITEMS 262 639684 SALE OF SIMILAR ITEM X BOOKS/WINE FOR EVENTS 3 22220 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. CHANGES IN THE FOUNDATION FORM 990, PART VI, SECTION A, LINE 4 In July 1, 2014, PSU Advancement and University Alumni Relations merged with the PSU Foundation into one philanthropic entity. 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 MAY. 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 The personnel committee, comprised of independent members of the Board of Trustees, determined and approved compensation for the president and CEO and other officers of the organization based on comparability data (such as compensation surveys and Forms 990 of other organizations) and performance evaluation. A series of meetings took place ending May 29, 2014 and the personnel committee documented the basis for its determination concurrently with making the compensation determination. The committee will review compensation for the president and CEO and other officers of the organization at least every two years. 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. BROADWAY HOUSING LLC 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 930619733 HOUSING OR 7410265 40497985 PSU FDN 2828 CORBETT INC 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 202021524 PROPERTY MGMT OR 501 (C)(2) PSU FDN true NONE CHARITABLE REMAINDER TRUST (4) CRUT OR BANK OF AMERICA Trust false false true false false false false false false false false false false false false false false false false 2828 CORBETT INC c 334230 CASH