SHEPHERD UNIVERSITY FOUNDATION INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: SHEPHERD UNIVERSITY FOUNDATION INC (EIN 55-6020064)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-05-14
IRS object ID: 201201359349303560
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule I
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-14T12:51:57-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SMITH ELLIOTT KEARNS & COMPANY LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	480 N POTOMAC STREET	AddressLine1
City	HAGERSTOWN	City
State	MD	State
ZIP Code	21740	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	556020064	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SHEPHERD UNIVERSITY FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SHEP	NameControl
Phone	3048765391	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 5000	AddressLine1
City	SHEPHERDSTOWN	City
State	WV	State
ZIP Code	25443	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MONICA W LINGENFELTER	Name
Title	EXECUTIVE VICE PRESIDENT	Title
Phone	3048765286	Phone
Date Signed	2012-05-10	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	WILLIAM F FRITTS II CPA	Name
Phone	3017335020	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Name Of Principal Officer Person	MONICA W LINGENFELTER	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	MCMURRAN HALL	AddressLine1
City	SHEPHERDSTOWN	City
State	WV	State
ZIP Code	25443	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	7430795	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.SHEPHERD.EDU/FNDTNWEB/	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1961	YearFormation
State Legal Domicile	WV	StateLegalDomicile
Activity Or Mission Description	PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV	ActivityOrMissionDescription
Nbr Voting Members Governing Body	28	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	28	NbrIndependentVotingMembers
Total Nbr Employees	5	TotalNbrEmployees
Total Nbr Volunteers	50	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	2477462	ContributionsGrantsPriorYear
Contributions Grants Current Year	1860110	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	0	ProgramServiceRevenuePriorYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	524743	InvestmentIncomePriorYear
Investment Income Current Year	725761	InvestmentIncomeCurrentYear
Other Revenue Prior Year	23489	OtherRevenuePriorYear
Other Revenue Current Year	893	OtherRevenueCurrentYear
Total Revenue Prior Year	3025694	TotalRevenuePriorYear
Total Revenue Current Year	2586764	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	1134306	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	2438289	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	308384	SalariesEtcPriorYear
Salaries Etc Current Year	315795	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	234474	OtherExpensePriorYear
Other Expenses Current Year	265652	OtherExpensesCurrentYear
Total Expenses Prior Year	1677164	TotalExpensesPriorYear
Total Expenses Current Year	3019736	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1348530	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-432972	RevenuesLessExpensesCY
Total Assets BOY	24784064	TotalAssetsBOY
Total Assets EOY	26459928	TotalAssetsEOY
Total Liabilities BOY	3537687	TotalLiabilitiesBOY
Total Liabilities EOY	3527362	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	21246377	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	22932566	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV AND PROVIDE ASSISTANCE AND SUPPORT FOR FACULTY, FACILITIES AND PROGRAMS OF THE UNIVERSITY.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	2238113	Expense
Grants	2238113	Grants
Description	SCHOLARSHIPS & AWARDS - SHEPHERD UNIVERSITY STUDENTS	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	200176	Expense
Grants	200176	Grants
Description	GENERAL UNIVERSITY SUPPORT	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	2438289	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	1	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	1	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	1	DeductibleNonCashContributions
Deductible Contributions Of Art	1	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	19	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	5	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	28	NbrVotingGoverningBodyMembers
Number Independent Voting Members	28	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	MONICA W LINGENFELTER	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	3048765397	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	SHEPHERD UNIVERSITY	AddressLine1
City	SHEPHERDSTOWN	City
State	WV	State
ZIP Code	25443	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (35 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
RAMON A ALVAREZ
PRESIDENT	5.00	X	X	0	0	0
JAMES M DAVIS
VICE-PRESIDENT	3.00	X	X	0	0	0
ALLEN L LUECK
SECRETARY	1.00	X	X	0	0	0
MICHAEL A SMITH
TREASURER	1.00	X	X	0	0	0
JASON S BEST
DIRECTOR	1.00	X		0	0	0
DEBORAH J DHAYER
DIRECTOR	1.00	X		0	0	0
LYNN E LEATHERMAN
DIRECTOR	1.00	X		0	0	0
ANNETTE M MURPHY
DIRECTOR	1.00	X		0	0	0
LISA K YOUNIS
DIRECTOR	1.00	X		0	0	0
JERRY P KERR
DIRECTOR	1.00	X		0	0	0
ELIZABETH S LOWE
DIRECTOR	1.00	X		0	0	0
DAVID B WING
DIRECTOR	1.00	X		0	0	0
WILLIAM E KNODE
DIRECTOR	1.00	X		0	0	0
DAVID T NEWLIN
DIRECTOR	1.00	X		0	0	0
CINDA L SCALES
DIRECTOR	1.00	X		0	0	0
ANDREW D MICHAEL
DIRECTOR	1.00	X		0	0	0
JANE IKENBERRY-DORRIER
DIRECTOR	1.00	X		0	0	0
KENNETH J BOONE
DIRECTOR	1.00	X		0	0	0
ROBERT A HOLMES
DIRECTOR	1.00	X		0	0	0
SUSAN MENTZER-BLAIR
DIRECTOR	1.00	X		0	0	0
KENNETH E HARBAUGH
DIRECTOR	1.00	X		0	0	0
KENNETH F LOWE JR
CAMPAIGN DIRECTOR	1.00	X		0	0	0
SUZANNE SHIPLEY
DIRECTOR-AT-LARGE	1.00	X		0	0	0
LARRY A STRITE
DIRECTOR	1.00	X		0	0	0
KARL L WOLF
DIRECTOR-AT-LARGE	1.00	X		0	0	0
SCOTT B DOLEMAN
DIRECTOR-AT-LARGE	1.00	X		0	0	0
JERRY W WILLIAMS
DIRECTOR	1.00	X		0	0	0
JOHN F BEATTY
DIRECTOR	1.00	X		0	0	0
TONY W PRICE
DIRECTOR	1.00	X		0	0	0
JOHN T REYNOLDS
DIRECTOR	1.00	X		0	0	0
JULIA M CONNELL
DIRECTOR	1.00	X		0	0	0
STEPHEN G SKINNER
DIRECTOR	1.00	X		0	0	0
DIANE E MELBY
DIRECTOR-AT-LARGE	1.00	X		0	0	0
MONICA W LINGENFELTER
EXECUTIVE VICE PRESIDENT	40.00		X	105460	0	7389
CATHY NEVY
COMPTROLLER	40.00		X	59996	0	1859

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	165456	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	9248	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
All Other Contributions	1860110	AllOtherContributions
Noncash Contributions	167693	NoncashContributions
Total Contributions	1860110	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	518522	TotalRevenueColumn
Exclusion	$518,522	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	5017668	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	4810429	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	207239	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	207239	TotalRevenueColumn
Exclusion	$207,239	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	34495	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	33602	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	893	TotalRevenueColumn
Exclusion	$893	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2586764	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$726,654	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	200176	Total
Program Services	200176	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	2238113	Total
Program Services	2238113	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	174704	Total
Management And General	174704	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	101218	Total
Management And General	101218	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	19567	Total
Management And General	19567	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	20306	Total
Management And General	20306	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	3672	Total
Management And General	3672	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	18860	Total
Management And General	18860	ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	160426	Total
Management And General	160426	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	2015	Total
Management And General	2015	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	31912	Total
Management And General	31912	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	768	Total
Management And General	768	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	1089	Total
Management And General	1089	ManagementAndGeneral

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	11661	Total
Management And General	11661	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	6333	Total
Management And General	6333	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	7717	Total
Management And General	7717	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
CHANGE IN GIFT ANNUITIE	13581	13581
MISCELLANEOUS	4160	4160
PROFESSIONAL DEVELOPMEN	2378	2378
ADMINISTRATIVE	930	930
DUES AND SUBSCRIPTIONS	150	150

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3019736	Total
Program Services	2438289	ProgramServices
Management And General	581447	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1013810	BOY
EOY	1229025	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	2324358	BOY
EOY	2209586	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	1049743	BOY
EOY	586475	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	19350	BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2782	BOY
EOY	3325	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	313231	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	79371	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	145192	BOY
EOY	233860	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	20162913	BOY
EOY	22138421	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	65916	BOY
EOY	59236	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	24784064	BOY
EOY	26459928	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	4120	BOY
EOY	4401	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	3338541	BOY
EOY	3336212	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	195026	BOY
EOY	186749	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3537687	BOY
EOY	3527362	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-3226912	BOY
EOY	-1566363	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4399595	BOY
EOY	3920489	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	20073694	BOY
EOY	20578440	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	21246377	BOY
EOY	22932566	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	24784064	BOY
EOY	26459928	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-432972	ReconcilationRevenueExpenses
Reconcilation Other Changes	2119161	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Support Org170b1 Aiv	X	CollegeSupportOrg170b1Aiv

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2048383	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2553958	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2108144	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2477462	CurrentTaxYearMinus1Year
Current Tax Year	1860110	CurrentTaxYear
Total	11048057	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2048383	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2553958	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2108144	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2477462	CurrentTaxYearMinus1Year
Current Tax Year	1860110	CurrentTaxYear
Total	11048057	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	2620836	AmountsSubstContributorsTotal
Public Support Total170	8427221	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	753191	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	847740	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	623266	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	407008	CurrentTaxYearMinus1Year
Current Tax Year	518522	CurrentTaxYear
Total	3149727	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	9000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	73987	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	5371	CurrentTaxYearMinus1Year
Total	88358	Total

Field	Value	IRS element (for citing)
Total Support	14286142	TotalSupport
Gross Receipts From Admissions Etc	186691	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.58990	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.56880	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtc
Beginning Balance	3338541	BeginningBalance
Additions During Year	780712	AdditionsDuringYear
Distributions During Year	783041	DistributionsDuringYear
Ending Balance	3336212	EndingBalance
Included On FS	1	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	20073694	BeginningOfYearBalance
Contributions	493810	Contributions
Investment Earnings Or Losses	18357	InvestmentEarningsOrLosses
Other Expenditures	7421	OtherExpenditures
End Of Year Balance	20578440	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	18414728	BeginningOfYearBalance
Contributions	1642449	Contributions
Investment Earnings Or Losses	18400	InvestmentEarningsOrLosses
Other Expenditures	1883	OtherExpenditures
End Of Year Balance	20073694	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	18128282	BeginningOfYearBalance
Contributions	268315	Contributions
Investment Earnings Or Losses	18131	InvestmentEarningsOrLosses
End Of Year Balance	18414728	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.00700	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.99300	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.00000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	0	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	133000	InvestmentCostOrOtherBasis
Book Value	133000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	160202	InvestmentCostOrOtherBasis
Depreciation	63413	Depreciation
Book Value	96789	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	20029	OtherCostOrOtherBasis
Depreciation	15958	Depreciation
Book Value	4071	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	233860	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	GIFT ANNUITIES PAYABLE	Description
Amount	$186,749	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	186749	TotalOfAmounts
Total Revenue	2586764	TotalRevenue
Total Expenses	3019736	TotalExpenses
Excess Or Deficit For Year	-432972	ExcessOrDeficitForYear
Net Unrealized GL On Investments	2119161	NetUnrealizedGLOnInvestments
Total Adjustments	2119161	TotalAdjustments
Excess Or Deficit Per FS	1686189	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	4728290	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	2119161	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	22365	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	2141526	RevenueNotRptdF990
Revenue Subtotal	2586764	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	2586764	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3042101	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	22365	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	22365	ExpensesNotRptdF990
Expenses Subtotal	3019736	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	3019736	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:	PART V, LINE 4:	THE FOUNDATION'S ENDOWMENTS CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED TO PROVIDE INVESTMENT INCOME FOR THE FOUNDATION'S OPERATIONS.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAX. THE FOUNDATION FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2011 AND JUNE 30, 2010, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY, THE TAX YEARS BEFORE 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAXING AUTHORITIES.

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA EVENT	NameOfEvent1
Gross Receipts Event1	31195	GrossReceiptsEvent1
Gross Revenue Event1	31195	GrossRevenueEvent1
Cash Prizes Event1	0	CashPrizesEvent1
Non Cash Prizes Event1	0	NonCashPrizesEvent1
Rent Facility Costs Event1	0	RentFacilityCostsEvent1
Food And Beverage Event1	11377	FoodAndBeverageEvent1
Entertainment Event1	3200	EntertainmentEvent1
Other Direct Expenses Event1	3040	OtherDirectExpensesEvent1
Gross Receipts Total	31195	GrossReceiptsTotal
Gross Revenue Total Events	31195	GrossRevenueTotalEvents
Food And Beverage Total Events	11377	FoodAndBeverageTotalEvents
Entertainment Total Events	3200	EntertainmentTotalEvents
Other Direct Expenses Total Events	3040	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	17617	DirectExpenseSummaryEvents
Net Income Summary	13578	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	0	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	SHEPHERD UNIVERSITY	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	301 NORTH KING STREET	AddressLine1
City	SHEPHERDSTOWN	City
State	WV	State
ZIP Code	254433210	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	556000799	EINOfRecipient
Amount Of Cash Grant	200176	AmountOfCashGrant
Purpose Of Grant	GENERAL EXPENSES	PurposeOfGrant

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	SCHOLARSHIPS & AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WEST VIRGINIA	TypeOfGrant
Number Of Recipients	605	NumberOfRecipients
Amount Of Cash Grant	2238113	AmountOfCashGrant

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	4	NumberOfContributions
Noncash Contribs Rptd F990	25621	NoncashContribsRptdF990
Method Of Determining Revenues	APPRAISAL & EST. FMV	MethodOfDeterminingRevenues

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	3915	NoncashContribsRptdF990
Method Of Determining Revenues	ESTIMATED FMV	MethodOfDeterminingRevenues

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	3	NumberOfContributions
Noncash Contribs Rptd F990	22119	NoncashContribsRptdF990
Method Of Determining Revenues	FMV - NYSE	MethodOfDeterminingRevenues

Real Estate Other RealEstateOther

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	93000	NoncashContribsRptdF990
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenues

Historical Artifacts HistoricalArtifacts

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	12500	NoncashContribsRptdF990
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	TELESCOPE & ASTRONOMY BOOKS	1	5369	ESTIMATED FMV
X	DIGITAL PROJECTOR, MONITOR, DOCKING STATION, MISC.	1	4595	ESTIMATED FMV
X	COMPUTER SERVER CABINET	1	500	ESTIMATED FMV
X	LUNCH FOR STAFF RETREAT	1	75	ACTUAL COST

Field	Value	IRS element (for citing)
Number Of8283 Received	4	NumberOf8283Received
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGifts
Third Parties Used	0	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS REVIEWED AND SIGNED BY THE EXECUTIVE VICE PRESIDENT. THE FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE EXECUTIVE AND AUDIT COMMITTEES FOR REVIEW BEFORE RETURN IS FILED. THE PUBLIC DISCLOSURE COPY IS KEPT ON FILE IN THE SHEPHERD UNIVERSITY FOUNDATION OFFICES.
	PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTECD IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING.	FORM 990, PART VI, SECTION B, LINE 12C
	THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS	FORM 990, PART VI, SECTION B, LINE 15A
	THE ORGANIZATION MAKES THE FORMS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO POSTED ON THE GUIDESTAR.ORG WEBSITE WHICH CONTAINS NUMEROUS OTHER FORM 990 NON-PROFIT TAX RETURNS AND IS AVAILABLE FOR ANYONE IN THE PUBLIC TO VIEW.	FORM 990, PART VI, SECTION C, LINE 18
	THE ORGANIZATION MAKES THE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.	FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:	NET UNREALIZED GAINS ON INVESTMENTS: 2,119,161.	FORM 990, PART XI, LINE 5:
	CUSTODIAL ACCOUNTS REPRESENTING FUNDS HELD BY THE FOUNDATION ON BEHALF OF SHEPHERD UNIVERSITY AND/OR DEPARTMENTS OF THE UNIVERSITY ARE REPORTED AS CUSTODIAL LIABILITIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT AND ADMINISTRATION OF THESE FUNDS.	FORM 990, PART X, LINE 21:
	THE ORGANIZATION HAS AN AUDIT COMMITTEE, WHICH IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND FOR PRESENTING THE RESULTS OF THE AUDIT TO THE FULL BOARD OF DIRECTORS. PRIOR TO DOING SO, THE CPA FIRM PRESENTS THE FINANCIAL REPORT AND AUDIT RESULTS TO THE AUDIT COMMITTEE FOR THEIR APPROVAL. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR RECOMMENDING AN INDEPENDENT CPA FIRM TO CONDUCT THE ORGANIZATION'S YEAR-END AUDIT BASED ON THEIR REVIEW OF BIDS SOLICITED FROM LOCAL-AREA FIRMS. THE FULL BOARD OF DIRECTORS MUST THEN VOTE TO APPROVE THE AUDIT COMMITTEE'S SELECTION.	FORM 990, PART XI, LINE 2B: