2014-02-14T13:55:38-06:00 2013-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2012-07-01 930619733 Portland State University Foundation % REBECCA HEIN PORT 5037254911 2125 SW FOURTH AVENUE Suite 510 PORTLAND OR 97201 REBECCA HEIN 5037255881 2014-02-14 true 2069134000 2012 2015-11-30 17:44:51Z REBECCA HEIN 2125 SW FOURTH AVENUE Ste 510 Portland OR 97201 30841204 false X WWW.FOUNDATION.PDX.EDU X 1963 OR THE PURPOSE AND MISSION OF THE FOUNDATION IS TO ENHANCE THE DEVELOPMENT OF PORTLAND STATE UNIVERSITY THROUGH OUR RELATIONSHIPS, RESOURCES, AND GUIDANCE. 31 31 17 16 0 15924561 19202989 7575143 7707781 3072594 3105230 14240 -116022 26586538 29899978 12087167 11705608 0 0 1190791 1256445 0 0 962314 7171146 7322675 20449104 20284728 6137434 9615250 107938910 119637388 48212186 49875602 59726724 69761786 X SEE SCHEDULE O false false 18131098 11705608 7707781 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, 2013, THE FOUNDATION AWARDED $12,420,385 TO THE UNIVERSITY; $1,805,353, FOR SCHOLARSHIPS & FELLOWSHIPS, $860,597 FOR CAPITAL PROJECTS, $9,046,213 FOR ACADEMIC SUPPORT, AND $708,222 FOR ADMINISTRATIVE SUPPORT. THE FOUNDATION ALSO MAKES AVAILABLE TO THE UNIVERSITY THE BROADWAY HOUSING PROJECT WHICH PROVIDES STUDENT HOUSING, CLASSROOMS AND ACADEMIC FACILITIES. 18131098 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 180 0 17 true false false false false false true true false false false false X 31 31 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 2125 SW FOURTH AVENUE SUITE 510 PORTLAND OR 97201 AZAM QAYUM 2.0 1.0 X 0 CARL TALTON 2.0 0.0 X 0 CORT O'HAVER 2.0 0.0 X DON MAZZIOTTI 2.0 0.0 X ERIK LAWRENCE 2.0 0.0 X GIL JIMENEZ 2.0 0.0 X JACK LOACKER 2.0 0.0 X JARED HOLUM 2.0 0.0 X JEFF REAVES 2.0 0.0 X KAY ABRAMOWITZ 2.0 0.0 X KEN THRASHER 2.0 0.0 X KIMBERLY COOPER 2.0 0.0 X KURT BRUUN 2.0 0.0 X 0 0 0 LINDA WILLIAMS 2.0 0.0 X MARK MILLER 2.0 0.0 X MARK ROSENBAUM 2.0 0.0 X MIKE MCKEEL 2.0 0.0 X PETER ANDREWS 2.0 1.0 X PETER STOTT 2.0 0.0 X RAY GUENTHER 2.0 0.0 X SENKA LENN 2.0 0.0 X 0 0 0 SKIP STANAWAY 2.0 0.0 X STEVE STADUM 2.0 0.0 X 0 0 0 SUSAN ALTERNMAN 2.0 1.0 X 0 0 0 TAMMY NEITZKE 2.0 0.0 X 0 0 0 TOM IMESON 2.0 0.0 X 0 0 0 ANNETTE MULEE 2.0 0.0 X X 0 0 JON MITCHELL 2.0 0.0 X X 0 0 LES FAHEY 2.0 0.0 X X 0 0 PETE NICKERSON 2.0 0.0 X X 0 0 TOM FINK 2.0 0.0 X X 0 0 PA 'TONY' LEINEWEBER 40.0 1.0 X 148970 18149 FRED GRANUM 40.0 1.0 X 35010 4577 REBECCA HEIN 40.0 1.0 X 86572 19973 270552 0 42699 1 false true false NONE 0 1037071 13853 18152065 854258 19202989 RENTAL INCOME 532000 5628114 5628114 CONTRACT SERVICE REVENUE 541900 902849 902849 OTHER PROGRAM SERVICE REVENUE 900099 1176818 1176818 7707781 3125880 3125880 0 0 478236 105764 372472 0 372472 372472 100033 120683 -20650 -20650 226285 1037071 714779 -488494 -488494 0 0 0 29899978 7707781 3009858 11705608 11705608 0 0 0 251716 239747 11969 0 712061 457729 254332 65529 52681 12848 146616 115104 31512 80523 62104 18419 0 41359 4228 37131 53000 11110 41890 0 0 10 10 255800 73815 181985 5234 5234 0 0 0 0 8873 8873 0 0 2894964 2894964 0 794421 767065 27356 151565 135669 15896 EQUIPMENT RENTAL 87162 7094 80068 FOOD SERVICE EXPENSES 990299 990299 MEALS & ENTERTAINMENT 122460 122460 STUDENT HOUSING OPERATING EXP. 1605601 1605601 311927 16554 60769 234604 20284728 18131098 1191316 962314 77022 78292 621156 634975 3657326 7092375 361142 395599 0 0 0 0 0 0 0 0 202974 258675 40651807 8316984 33061818 32334823 61149923 69527327 0 0 1151694 1151094 0 0 7655855 8164228 107938910 119637388 724778 1158732 255155 361801 145544 123528 45446764 44502071 0 0 0 0 0 0 0 0 1639945 3729470 48212186 49875602 X -3857729 -3212144 30109669 35640784 33474784 37333146 59726724 69761786 107938910 119637388 9615250 420412 -600 X false true X true false X 10634538 11514026 15485193 15924561 19202989 72761307 0 0 10634538 11514026 15485193 15924561 19202989 72761307 9122929 63638378 1756491 1781146 3199842 3505180 3604116 13846775 0 315891 338002 170942 166982 226284 1218101 87826183 35372976 0.72459 0.75680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 15000 false false 15000 false PART I-A PORTLAND STATE UNIVERSITY FOUNDATION 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. 38548541 4053085 3521432 1486512 582846 44053700 40009710 1411176 -1310494 996813 565038 38548541 32017537 2693725 6908056 1108367 501241 40009710 28160733 1221167 3058971 423334 32017537 36142062 809587 -7746386 291021 267443 486066 28160733 0.12000 0.88000 0.00000 false false 3482236 3482236 36246600 7489943 28756657 359358 311853 47505 458672 428009 30663 104941 87179 17762 32334823 DEFERRED FINANCING COSTS 1050638 ACCRUED INTEREST RECEIVABLE 43496 FUND RESERVES (LIMITED) 7008390 OTHER ASSETS 61704 8164228 0 OBLIGATIONS TO TRUST BENEFICIARIES 1022365 INTEREST PAYABLE 707105 DEFERRED REVENUE 2000000 3729470 31485196 420412 1164806 1585218 29899978 29899978 21450134 1165406 1165406 20284728 20284728 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 $714,777 - RECLASS FUNDRAISING DIRECT EXPENSES $105,764 - RECLASS RENTAL EXPENSES $344,265 - RECLASS EXPENSES LESS DISTRIBUTED FUNDS OF AFFILIATED ORG (2828 CORBETT, INC.) EXPENSES - OTHER ADJUSTMENTS PART XII, LINE 2D $714,777 - RECLASS FUNDRAISING DIRECT EXPENSES $105,764 - RECLASS RENTAL EXPENSES $344,865 - RECLASS EXPENSES OF AFFILIATED ORGANIZATION (2828 CORBETT, INC.) WINE & ROSES 327071 238782 88289 6983 59724 1720 51665 AWARDS DINNER 732254 652845 79409 29600 122460 176285 186799 5 204031 145444 58587 815 35643 3530 39555 1263356 1037071 226285 37398 217827 181535 278019 714779 -488494 true PORTLAND STATE UNIVERSITY PO BOX 751 PORTLAND OR 97207 936001786 UNIVERSITY 11705608 SEE SCH. I, PART IV 1 0 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 PA 'TONY' LEINEWEBER 148970 9300 8849 167119 SOCIAL CLUB DUES PART 1, LINE 1A THE FOUNDATION PROVIDED SOCIAL CLUB DUES TOTALING $6,335 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 DECEMBER 5, 2012. THIS COMPUTATION INDICATED NO REBATE DUE. X 48 794194 AVG. HIGH/LOW PRICE X AUCTION ITEMS 314 52381 SALE OF SIMILAR ITEM X 1200 BOXES OF TRUFFLES 1 6500 SALE OF SIMILAR ITEM X SUPPLIES FOR ATHLETES 1 1183 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 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. SIGNIFICANT CHANGES MADE TO GOVERNING DOCUMENTS FORM 990, PART VI, SECTION A, LINE 4 DURING 2012, PORTLAND STATE UNIVERSITY FOUNDATION RELEASED UPDATED BYLAWS WHICH INCLUDE THE FOLLOWING SIGNIFICANT CHANGES: -MOVED RESPONSIBILITIES BETWEEN THE BOARD OF TRUSTEES, THE AUDIT AND FINANCE COMMITTEE AND THE INVESTMENT COMMITTEE -ADDED THE POSITION OF CHIEF FINANCIAL OFFICER -CHANGED THE TITLES AND RESPONSIBILITIES OF SEVERAL OFFICER POSITIONS -GRANTED SIGNATURE AUTHORITY TO THE BOARD CHAIR AND SECRETARY, ACTING ALONE -REMOVED THE REQUIREMENT FOR AN ANNUAL MEETING OF TRUSTEES -CHANGED THE EXECUTIVE DIRECTOR TITLE TO PRESIDENT AND CEO -CHANGED THE BOARD OF DIRECTORS TITLE TO BOARD OF TRUSTEES -IDENTIFIED SPECIFIC OFFICERS OF THE BOARD TO SERVE ON THE PERSONNEL COMMITTEE 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 FINANCE COMMITTEE MEETING IN FEBRUARY. KPMG, THE TAX PREPARER, ATTENDED THE FINANCE 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. THE COMPENSATION MEETING TOOK PLACE ON MAY 2, 2012 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. BROADWAY HOUSING LLC 2125 SW 4TH AVE SUITE 510 PORTLAND OR 97201 930619733 HOUSING OR 6281036 40976092 PSU FDN 2828 CORBETT INC 2125 SW 4TH AVE SUITE 510 PORTLAND OR 97201 202021524 PROPERTY MGMT OR 501(C)(2) PSU FDN true CHARITABLE REMAINDER TRUST (5) 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 118037 CASH