2013-02-12T17:24:43-06:00 2012-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2011-07-01 930619733 Portland State University Foundation % REBECCA HEIN PORT 5037254911 2125 SW FOURTH AVENUE PORTLAND OR 97201 REBECCA HEIN 2013-02-12 true ROBISON Sue 2069134000 2011 2016-02-25 16:41:14Z REBECCA HEIN 2125 SW FOURTH AVENUE Ste 510 Portland OR 97201 27268320 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. 30 30 17 16 0 15485193 15924561 8194963 7575143 2291263 3072594 109988 14240 26081407 26586538 9027888 12087167 0 0 1065451 1190791 0 0 755902 6976189 7171146 17069528 20449104 9011879 6137434 107692815 107938910 49596223 48212186 58096592 59726724 X SEE SCHEDULE O false false 18588716 12087167 7575143 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, 2012, THE FOUNDATION AWARDED $12,087,167 to the University; $1,578,754 for Scholarships & Fellowships, $979,229 for Capital Projects, $8,852,746 for Academic Support, and $676,438 for Administrative Support. THE FOUNDATION ALSO MAKES AVAILABLE TO THE UNIVERSITY THE BROADWAY HOUSING PROJECT WHICH PROVIDES STUDENT HOUSING, CLASSROOMS AND ACADEMIC FACILITIES. 18588716 true true false 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 175 0 17 true false false false false false true true false false false false X 30 30 true false false false false false false true true false false true 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 X 0 0 0 Bob Morrow 2.0 X 0 0 0 Cort O'Haver 2.0 X 0 0 0 Don Mazziotti 2.0 X 0 0 0 Erik Lawrence 2.0 X 0 0 0 Gil Jimenez 2.0 X 0 0 0 Jack Loacker 2.0 X 0 0 0 Jon Mitchell 2.0 X 0 0 0 Kay Abramowitz 2.0 X 0 0 0 Kimberly Cooper 2.0 X 0 0 0 LINDA WILLIAMS 2.0 X 0 0 0 Mark Miller 2.0 X 0 0 0 Mike McKeel 2.0 X 0 0 0 Peter Andrews 2.0 X 0 0 0 Peter Stott 2.0 X 0 0 0 Ray Guenther 2.0 X 0 0 0 Senka Lenn 2.0 X 0 0 0 Skip Stanaway 2.0 X 0 0 0 Steve Stadum 2.0 X 0 0 0 Tom Imeson 2.0 X 0 0 0 Tracy Bean 2.0 X 0 0 0 Annette Mulee 2.0 X X 0 0 0 Gary Eichman 2.0 X X 0 0 0 Jeff Reaves 2.0 X X 0 0 0 Ken Thrasher 2.0 X X 0 0 0 Les Fahey 2.0 X X 0 0 0 Mark Rosenbaum 2.0 X X 0 0 0 Pete Nickerson 2.0 X X 0 0 0 Susan Alterman 2.0 X X 0 0 0 Tom Fink 2.0 X X 0 0 0 PA 'tony' Leineweber 40.0 X 179726 0 29457 Rebecca Hein 40.0 X 93898 0 18531 273624 0 47988 1 false true false Zimmer Gunsul Frasca Architects LLP 1223 SW Washington St Suite 200 PORTLAND OR 97205 ARCHITECTURAL SVCS 184660 1 660315 41222 15223024 2010515 15924561 RENTAL INCOME 532000 5422226 5422226 CONTRACT SERVICE REVENUE 541900 1312682 1312682 OTHER PROGRAM SERVICE REVENUE 900099 840235 840235 7575143 3070587 3070587 0 0 434593 113452 321141 321141 321141 96454 94447 2007 2007 166982 660315 473883 -306901 -306901 0 0 0 26586538 7575143 3084827 12087167 12087167 0 0 0 284774 191777 92997 0 620175 478049 142126 81838 61847 19991 130039 106582 23457 73965 57551 16414 0 40468 12492 27976 50700 10700 40000 0 0 10 10 106393 28318 78075 9497 9497 0 0 0 0 14911 14911 0 0 2953538 2953538 0 798385 767065 31320 139959 124550 15409 STUDENT HOUSING OPERATING EXP. 1530050 1530050 FOOD SERVICE EXPENSES 1087146 1087146 MEALS & ENTERTAINMENT 107909 107909 EQUIPMENT RENTAL 53853 8668 45185 278327 16008 56989 205330 20449104 18588716 1104486 755902 115962 77022 1068300 621156 2555017 3657326 309106 361142 0 0 0 0 0 0 0 0 179229 202974 40630590 7568772 33784851 33061818 60604946 61149923 0 0 1151094 1151694 0 0 7924310 7655855 107692815 107938910 1217883 724778 288566 255155 121786 145544 45556457 45446764 0 0 0 0 735038 0 0 0 1676493 1639945 49596223 48212186 X -3930040 -3857729 29748725 30109669 32277907 33474784 58096592 59726724 107692815 107938910 X 6137434 -4507302 X false true true X false X 13666460 10634538 11514026 15485193 15924561 67224778 13666460 10634538 11514026 15485193 15924561 67224778 6371902 60852876 1689434 1756491 1781146 3199842 3505180 11932093 267853 315891 338002 170942 166982 1259670 80416541 33080698 0.75672 0.77612 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40009710 1411176 -1310494 996813 565038 38548541 32017537 2693725 6908056 1108367 501241 40009710 28160733 1221167 3058971 423334 32017537 36142062 809587 -7746386 291021 267443 486066 28160733 0.13000 0.87000 0.00000 false false 3482236 3482236 36239414 6791716 29447698 359358 289224 70134 444641 405511 39130 104941 82321 22620 33061818 DEFERRED FINANCING COSTS 1104033 ACCRUED INTEREST RECEIVABLE 43617 FUND RESERVES (LIMITED) 6468137 OTHER ASSETS 40068 7655855 0 OBLIGATIONS TO TRUST BENEFICIARIES 922429 INTEREST PAYABLE 717516 1639945 26586538 20449104 6137434 -4507905 600 -4507305 1630129 23013248 -4507905 934615 -3573290 26586538 26586538 21383119 934015 934015 20449104 20449104 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 XII, LINE 2D $473,883 - Reclass Fundraising Direct Expenses $113,452 - Reclass Rental Expenses $347,280 - Reclass Expenses and Undistributed Funds of Affiliated Org (2828 Corbett, Inc.) EXPENSES - OTHER ADJUSTMENTS PART XIII, LINE 2D $473,883 - Reclass Fundraising Direct Expenses $113,452 - Reclass Rental Expenses $346,680 - Reclass Expenses of Affiliated Organization (2828 Corbett, Inc.) Wine & Roses 200321 149832 50489 40322 580 27428 Awards Dinner 430403 366560 63843 105646 500 239225 5 196573 143923 52650 1840 50689 1692 5961 827297 660315 166982 1840 196657 2772 272614 473883 -306901 true PORTLAND STATE UNIVERSITY PO BOX 751 Portland OR 97207 936001786 UNIVERSITY 12087167 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 179726 0 0 0 0 0 18133 0 11324 0 209183 0 0 0 SOCIAL CLUB DUES PART 1, LINE 1A THE FOUNDATION PROVIDED SOCIAL CLUB DUES TOTALING $7,870 FOR THE EXECUTIVE DIRECTOR, WHICH IS USED EXCLUSIVELY BY THE EXECUTIVE DIRECTOR FOR FUNDRAISING AND OTHER BUSINESS PURPOSES, THUS THE CLUB DUES ARE NOT TREATED AS TAXABLE COMPENSATION. CITY OF PORTLAND 936002236 736690ar9 2008-10-22 46395000 REFUND BOND ISSUED ON 04/01/03 false false false 42725000 0 46395000 1117824 0 0 909246 0 0 44367930 0 0 2004 true false true true false false false false false false 0.00000 0.00000 0.00000 true false false false 0 true TRANSAMERICA WS CO 26.4 true false false SEE SCHEDULE O 0 X 35 1978663 AVG. HIGH/LOW PRICE X AUCTION ITEMS 72 23295 SALE OF SIMILAR ITEM X TRANSIT PASSES 1 6800 SALE OF SIMILAR ITEM X ARCHITECTURE BOOKS 1 1557 SALE OF SIMILAR ITEM X PLANT 1 200 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 Directors, 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. BOARD MEMBERS FORM 990, PART VI, SECTION A, LINE 2 MARK MILLER HAD A BUSINESS RELATIONSHIP WITH LES FAHEY, PETER STOTT, KEN THRASHER, CORT O'HAVER, AND LINDA WILLIAMS DURING THE YEAR ENDED JUNE 30, 2012. FORM 990 REVIEW FORM 990, PART VI, SECTION B, LINE 11 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 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 DIRECTORS, DETERMINED AND APPROVED COMPENSATION FOR THE EXECUTIVE DIRECTOR 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 JUNE 1, 2011 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. HOURS WORKED FOR RELATED ORGANIZATIONS PART VII, SECTION A, COLUMN B P.A. "TONY" LEINEWEBER AND REBECCA HEIN BOTH WORKED 1 HOUR PER WEEK FOR 2828 CORBETT, INC., A RELATED ORGANIZATION. NONE OF THE OTHER INDIVIDUALS LISTED IN PART VII WORKED ANY HOURS FOR A RELATED ORGANIZATION DURING THE YEAR. RECONCILIATION FORM 990, PART XI, LINE 5 OTHER CHANGES TO NET ASSETS OR FUND BALANCES: $(4,507,303) - UNREALIZED GAINS REMOVED FROM TAXABLE INVESTMENT INCOME SCHEDULE K SCHEDULE K, 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. BROADWAY HOUSING LLC 2125 SW 4TH AVE SUITE 510 PORTLAND OR 97201 930619733 HOUSING OR 7193920 41143058 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 115020 CASH