2015-02-12T15:46:08-06:00 2014-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2013-07-01 930619733 Portland State University Foundation % REBECCA HEIN PORT 5037254911 1600 SW FOURTH AVENUE Suite 730 PORTLAND OR 97201 REBECCA HEIN CFO 2015-02-11 SUE ROBISON P00560072 2013 2016-03-07 17:11:31Z REBECCA HEIN 1600 SW FOURTH AVENUE Ste 730 Portland OR 97201 34318632 false X WWW.FOUNDATION.PDX.EDU X 1963 OR THE PURPOSE AND MISSION OF THE FOUNDATION IS TO ENHANCE THE IS TO ENHANCE THE DEVELOPMENT OF PORTLAND STATE UNIVERSITY THROUGH OUR RELATIONSHIPS, RESOURCES, AND GUIDANCE. 32 32 16 32 0 19202989 21298058 7707781 8594921 3105230 3655712 -116022 -331626 29899978 33217065 11705608 14453540 0 0 1256445 1400178 0 0 833915 7322675 7815181 20284728 23668899 9615250 9548166 119637388 133247273 49875602 51297618 69761786 81949655 X SEE SCHEDULE O false false 21268985 14453540 8594921 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, 2014, THE FOUNDATION AWARDED $15,380,715 TO THE UNIVERSITY; $2,581,586, FOR SCHOLARSHIPS & FELLOWSHIPS, $2,567,406 FOR CAPITAL PROJECTS, $9,228,360 FOR ACADEMIC SUPPORT, AND $1,003,363 FOR ADMINISTRATIVE SUPPORT. THE FOUNDATION ALSO MAKES AVAILABLE TO THE UNIVERSITY THE BROADWAY HOUSING PROJECT WHICH PROVIDES STUDENT HOUSING, CLASSROOMS AND ACADEMIC FACILITIES. 21268985 true true false true false 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 193 0 16 true false false false false false true true false false false false X 32 32 false false true false false false false true true false false false true true true true true true true false OR X X REBECCA HEIN 5037255881 1600 SW FOURTH AVENUE SUITE 730 PORTLAND OR 97201 AZAM QAYUM TRUSTEE 2.0 1.0 X 0 0 0 CARL TALTON TRUSTEE 2.0 0.0 X 0 0 0 CORT O'HAVER TRUSTEE 2.0 0.0 X 0 0 0 DON MAZZIOTTI TRUSTEE 2.0 0.0 X 0 0 0 ERIK LAWRENCE TRUSTEE 2.0 0.0 X 0 0 0 EDGAR VAN VALKENBURG TRUSTEE 2.0 0.0 X 0 0 0 JACK LOACKER TRUSTEE 2.0 0.0 X 0 0 0 JARED HOLUM TRUSTEE 2.0 0.0 X 0 0 0 ELIZABETH FULLER TRUSTEE 2.0 0.0 X 0 0 0 KAY ABRAMOWITZ TRUSTEE 2.0 0.0 X 0 0 0 JON WIENER TRUSTEE 2.0 0.0 X 0 0 0 KIMBERLY COOPER SECRETARY 2.0 0.0 X X 0 0 0 KURT BRUUN TRUSTEE 2.0 0.0 X 0 0 0 LINDA WILLIAMS TRUSTEE 2.0 0.0 X 0 0 0 MARK MILLER TRUSTEE 2.0 0.0 X 0 0 0 MARK ROSENBAUM CHAIR ELECT 2.0 0.0 X X 0 0 0 MIKE MCKEEL TRUSTEE 2.0 1.0 X 0 0 0 PETER ANDREWS TRUSTEE 2.0 0.0 X 0 0 0 PETER STOTT TRUSTEE 2.0 0.0 X 0 0 0 RAY GUENTHER TRUSTEE 2.0 0.0 X 0 0 0 LINDSAY STEWART TRUSTEE 2.0 0.0 X 0 0 0 SKIP STANAWAY TRUSTEE 2.0 0.0 X 0 0 0 STEVE STADUM TRUSTEE 2.0 1.0 X 0 0 0 RUPA JACK TRUSTEE 2.0 0.0 X 0 0 0 TAMMY NEITZKE TREASURER 2.0 0.0 X 0 0 0 TOM IMESON TRUSTEE 2.0 0.0 X 0 0 0 ALEX SOKOL BLOSSER TRUSTEE 2.0 0.0 X 0 0 0 JON MITCHELL BOARD CHAIR 2.0 0.0 X X 0 0 0 DAVID ANDERSON TRUSTEE 2.0 0.0 X 0 0 0 PETE NICKERSON IMMEDIATE PAST CHAIR 2.0 0.0 X X 0 0 0 DON VOLLUM TRUSTEE 2.0 0.0 X 0 0 0 TOM FINK TRUSTEE 2.0 0.0 X 0 0 0 FRED GRANUM CEO 40.0 1.0 X 179990 0 29780 REBECCA HEIN CFO 40.0 1.0 X 107065 0 20741 287055 0 50521 2 false true false NONE 0 1060551 30121 20207386 1181895 21298058 RENTAL INCOME 532000 6120742 6120742 CONTRACT SERVICE REVENUE 541900 1008219 1008219 OTHER PROGRAM SERVICE REVENUE 900099 1465960 1465960 8594921 3655712 3655712 0 0 478566 174393 304173 0 304173 304173 0 291375 1060551 927174 -635799 -635799 0 0 0 33217065 8594921 3324086 14453540 14453540 0 0 0 295020 295020 0 773207 579740 193467 88412 77284 11128 154019 137322 16697 89520 78120 11400 0 65941 342 65599 55600 11640 43960 0 0 0 245547 64465 181082 11542 11542 0 0 0 0 62519 1500 61019 0 0 2851801 2851801 0 790886 766547 24339 183993 168379 15614 EQUIPMENT RENTAL 126034 78929 47105 FOOD SERVICE EXPENSES 1046725 1046725 MEALS & ENTERTAINMENT 137984 137984 STUDENT HOUSING OPERATING EXP. 1952836 1952836 283773 17175 104107 162491 23668899 21268985 1565999 833915 78292 55317 634975 507820 7092375 8744811 395599 413346 0 0 0 0 0 0 0 0 258675 243183 40669318 9061660 32334823 31607658 69527327 81988969 0 0 1151094 1151094 0 0 8164228 8535075 119637388 133247273 1158732 1428867 361801 883073 123528 25077 44502071 43477378 0 0 0 0 0 0 0 0 3729470 5483223 49875602 51297618 X -3212144 -2873595 35640784 42908324 37333146 41914926 69761786 81949655 119637388 133247273 9548166 2639703 X false true X true false X 11514026 15485193 15924561 19202989 21298058 83424827 0 0 11514026 15485193 15924561 19202989 21298058 83424827 8341923 75082904 1781146 3199842 3505180 3604116 4134278 16224562 0 338002 170942 166982 226284 291375 1193585 100842974 38122396 0.74455 0.72459 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 37500 false false 37500 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. 44053700 4325231 6345950 1767455 652513 52304913 38548541 4053085 3521432 1486512 582846 44053700 40009710 1411176 -1310494 996813 565038 38548541 32017537 2693725 6908056 1108367 501241 40009710 28160733 1221167 3058971 423334 32017537 0.11000 0.89000 false false 3482236 3482236 36253788 8188169 28065619 359358 333965 25393 467695 447489 20206 106241 92037 14204 31607658 DEFERRED FINANCING COSTS 997242 ACCRUED INTEREST RECEIVABLE 43500 FUND RESERVES (LIMITED) 7432418 OTHER ASSETS 61915 8535075 0 OBLIGATIONS TO TRUST BENEFICIARY 1170730 INTEREST PAYABLE 695180 DEFERRED REVENUE 3617313 5483223 37295983 2639703 1439215 4078918 33217065 33217065 25108114 1439215 1439215 23668899 23668899 ENDOWMENT FUNDS PART V, LINE 4 ENDOWMENT FUNDS ARE USED FOR SPECIFIC CHARITABLE PURPOSES DESIGNATED BY DONORS (E.G. PRIMARILY FOR SCHOLARSHIPS, FELLOWSHIPS, PROFESSORSHIPS, AND SUPPORT OF ACADEMIC PROGRAMS). REVENUE - OTHER ADJUSTMENTS PART XI, LINE 2D $927,174 - RECLASS FUNDRAISING DIRECT EXPENSES $174,394 - RECLASS RENTAL EXPENSES $337,647 - RECLASS EXPENSES LESS DISTRIBUTED FUNDS OF AFFILIATED ORG (2828 CORBETT, INC.) EXPENSES - OTHER ADJUSTMENTS PART XII, LINE 2D $927,174 - RECLASS FUNDRAISING DIRECT EXPENSES $174,394 - RECLASS RENTAL EXPENSES $337,647 - RECLASS EXPENSES OF AFFILIATED ORGANIZATION (2828 CORBETT, INC.) WINE & ROSES 327180 221464 105716 48564 2100 105518 AWARDS DINNER 772056 652745 119311 137972 156940 246210 5 252690 186342 66348 24622 500 204748 1351926 1060551 291375 211158 159540 556476 927174 -635799 true PORTLAND STATE UNIVERSITY PO BOX 751 PORTLAND OR 97207 936001786 UNIVERSITY 14453540 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 false false false false false false false false false FRED GRANUM CEO 179990 0 0 0 0 0 9309 0 20471 0 209770 0 0 0 SOCIAL CLUB DUES PART 1, LINE 1A THE FOUNDATION PROVIDED SOCIAL CLUB DUES TOTALING $3,450 FOR THE EXECUTIVE DIRECTOR AND CEO, WHICH IS USED EXCLUSIVELY BY THE EXECUTIVE DIRECTOR AND 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 REFUND BOND ISSUED ON 04/01/03 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. REBATE COMPUTATION PART IV, LINE 2C THE FOUNDATION PERFORMED A REBATE COMPUTATION ON NOVEMBER 12, 2013. THIS COMPUTATION INDICATED NO REBATE DUE. X 48 1077465 AVG. HIGH/LOW PRICE X AUCTION ITEMS 363 84738 SALE OF SIMILAR ITEM X CHOCOLATE/WINE FOR EVENTS 10 19692 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. FORM 990, PART III, LINE 1 PORTLAND STATE UNIVERSITY FOUNDATION PROVIDES SUPPORT FOR THE PRIVATE FUNDRAISING EFFORTS OF PORTLAND STATE UNIVERSITY AND MANAGES PRIVATELY DONATED FUNDS FOR THE BENEFIT OF THE UNIVERSITY. THE PRIVATE FUNDRAISING EFFORTS OF THE UNIVERSITY RESULT IN THE FOUNDATION RECEIVING GIFTS AND PLEDGES FOR THE BENEFIT OF THE UNIVERSITY. SUCH GIFTS AND PLEDGES DERIVE FROM MULTIPLE SOURCES, INCLUDING CASH, CHECKS, SECURITIES, PERSONAL AND REAL PROPERTY, AND INCLUDE ENDOWMENT GIFTS TO BE INVESTED IN PERPETUITY, REMAINDER INTERESTS IN CHARITABLE REMAINDER TRUSTS, GIFT ANNUITIES, AND OTHER GIFTS FOR THE BENEFIT OF THE UNIVERSITY AND ITS AFFILIATES. THE FOUNDATION IS RESPONSIBLE FOR APPROPRIATE RECEIPTING AND PRUDENT MANAGEMENT OF GIFTS AND PLEDGES. THE FOUNDATION, THROUGH ITS VOLUNTEER BOARD OF TRUSTEES, ENGAGES IN PRIVATE FUNDRAISING WITH THESE CONSTITUENCIES FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION BOARD ENHANCES THE DEVELOPMENT OF THE UNIVERSITY THROUGH ITS RELATIONSHIPS, RESOURCES AND GUIDANCE. 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 COMMITTEES AND 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 FINANCE AND AUDIT COMMITTEE. THE FORM 990 IS DISCUSSED IN DETAIL AT THE AUDIT COMMITTEE MEETING IN JANUARY. 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 TRUSTEES, 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 TRUSTEE 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 TRUSTEES 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 TRUSTEES. 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 TRUSTEES 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, TRUSTEES 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 TRUSTEE, 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 & 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. 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. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE CHANGED TO ALLOW THE PSU PRESIDENT TO BE A VOTING EX-OFFICIO MEMBER OF THE BOARD OF TRUSTEES. ARTICLES OF INCORPORATION WERE UPDATED TO REMOVED OUTDATED INFORMATION. BROADWAY HOUSING LLC 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 930619733 HOUSING OR 6774615 40543191 PSU FDN 2828 CORBETT INC 1600 SW 4TH AVE SUITE 730 PORTLAND OR 97201 202021524 PROPERTY MGMT OR 501(C)(2) PSU FDN true CHARITABLE REMAINDER TRUST (6) CRUT OR BANK OF AMERICA TRUST false false true false false false false false false false false false false false false false false false 2828 CORBETT INC C 124653 CASH