2012-03-01T11:31:20-06:00 2011-06-30 KPMG LLP 801 Second Avenue Suite 900 Seattle WA 98104 990 2010-07-01 930619733 Portland State University Foundation PORT 5037254911 2125 SW FOURTH AVENUE PORTLAND OR 97201 REBECCA HEIN 2012-02-14 true ROBISON Sue 2069134000 2010 2016-02-24 21:20:13Z REBECCA HEIN 2125 SW FOURTH AVENUE Ste 510 Portland OR 97201 26636691 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. 33 33 16 16 0 0 11514027 15485193 6049588 8194963 1339690 2291263 1086997 109988 19990302 26081407 9057402 9027888 0 0 1051050 1065451 0 0 373347 6994916 6976189 17103368 17069528 2886934 9011879 93905573 107692815 49798579 49596223 44106994 58096592 X SEE SCHEDULE O false false 15661575 9027888 8194963 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, 2011, THE FOUNDATION AWARDED $9,027,888 to the University; $1,349,458 for Scholarships & Fellowships, $491,674 for Capital Projects, $6,669,735 for Academic Support, and $517,021 for Administrative Support. THE FOUNDATION ALSO MAKES AVAILABLE TO THE UNIVERSITY THE BROADWAY HOUSING PROJECT WHICH PROVIDES STUDENT HOUSING, CLASSROOMS AND ACADEMIC FACILITIES. 15661575 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 143 0 16 true false false false false false true true false false false false X 33 33 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 John Petersen 2.0 X X 0 0 0 Marc Fovinci 2.0 X X 0 0 0 Les Fahey 2.0 X X 0 0 0 Thomas Fink 2.0 X X 0 0 0 Gary Eichman 2.0 X X 0 0 0 Eva Kripalani 2.0 X X 0 0 0 DOLORES LEON 2.0 X X 0 0 0 KENNETH A THRASHER 2.0 X X 0 0 0 SUSAN ALTERMAN 2.0 X 0 0 0 PETER ANDREWS 2.0 X 0 0 0 HADI ASGHARZADEH 2.0 X 0 0 0 TRACY BEAN 2.0 X 0 0 0 DOUGLAS GOE 2.0 X X 0 0 0 RAY GUENTHER 2.0 X 0 0 0 TOM IMESON 2.0 X 0 0 0 ERIK LAWRENCE 2.0 X 0 0 0 DON MAZZIOTTI 2.0 X 0 0 0 MICHAEL MCKEEL 2.0 X 0 0 0 MARK MILLER 2.0 X 0 0 0 JON MITCHELL 2.0 X 0 0 0 ANNETTE MULEE 2.0 X 0 0 0 PETER NICKERSON 2.0 X X 0 0 0 AZAM QAYUM 2.0 X 0 0 0 JEFF REAVES 2.0 X X 0 0 0 DAVID SHAFER 2.0 X 0 0 0 STEVEN STADUM 2.0 X 0 0 0 PETER STOTT 2.0 X 0 0 0 Senka Lenn 2.0 X 0 0 0 Mark Rosenbaum 2.0 X 0 0 0 Skip Stanaway 2.0 X 0 0 0 KIMBERLY COOPER 2.0 X 0 0 0 JOHN LOACKER 2.0 X 0 0 0 ROBERT MORROW 2.0 X 0 0 0 PA 'TONY' LEINEWEBER 40.0 X 168859 0 31289 REBECCA HEIN 40.0 X X 90255 0 18119 259114 0 49408 1 false true false 0 814483 56690 14614020 1184926 15485193 RENTAL INCOME 532000 5777482 5777482 CONTRACT SERVICE REVENUE 541900 150000 150000 OTHER PROGRAM SERVICE REVENUE 900099 2267481 2267481 8194963 2291263 2291263 0 0 453879 86770 367109 367109 0 210238 814483 468514 -258276 -258275 0 0 MISCELLANEOUS REVENUE 900099 1155 1155 1155 26081407 8196118 2032988 9027888 9027888 0 0 0 268806 180469 88337 0 541738 441386 100352 73328 54519 18809 112612 93519 19093 68967 54494 14473 0 41096 2108 38988 48400 10700 37700 0 0 0 38304 9504 28800 0 0 0 0 0 0 0 0 3011329 3011329 0 807909 767065 40844 135739 124237 11502 EQUIPMENT RENTAL 53510 12713 40797 FOOD SERVICE EXPENSES 1089645 1089645 STUDENT HOUSING OPERATING EXP. 1612773 1612773 MISCELLANEOUS EXPENSES 137484 15830 58968 62686 17069528 15661575 1034606 373347 12456 115962 523232 1068300 2010106 2555017 268523 309106 136465 179229 40601447 6816596 34499838 33784851 47977158 60604946 1151095 1151094 7326700 7924310 93905573 107692815 937709 1217883 325967 288566 11736 121786 45521149 45556457 1523422 735038 1478596 1676493 49798579 49596223 X -6475449 -3930040 20985378 29748725 29597065 32277907 44106994 58096592 93905573 107692815 X 9011879 4977719 X false true true X false X 7052017 13666460 10634538 11514026 15485193 58352234 7052017 13666460 10634538 11514026 15485193 58352234 4105870 54246364 1568461 1689434 1756491 1781146 3199842 9995374 453540 267853 315891 338002 170942 1546228 69893836 0.77612 0.76518 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 36232228 6093489 30138739 359358 266594 92764 422684 381476 41208 104941 75037 29904 33784851 DEFERRED FINANCING COSTS 1157429 ACCRUED INTEREST RECEIVABLE 43982 FUND RESERVES (LIMITED) 6648845 OTHER ASSETS 74054 7924310 0 OBLIGATIONS TO TRUST BENEFICIARIES 944576 INTEREST PAYABLE 731917 1676493 26081407 17069528 9011879 4977722 4977722 13989601 31966231 4977722 907102 5884824 26081407 26081407 17976630 907102 907102 17069528 17069528 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 XII, LINE 2D $468,514 - Reclass Fundraising Direct Expenses $86,769 - Reclass Rental Expenses $351,819 - Reclass Expenses of Affiliated Org netted with Income (2828 Corbett, Inc.) EXPENSES - OTHER ADJUSTMENTS PART XIII, LINE 2D $468,514 - Reclass Fundraising Direct Expenses $86,769 - Reclass Rental Expenses $351,819 - Reclass Expenses of Affiliated Organization (2828 Corbett, Inc.) WINE & ROSES 177644 106424 71220 1642 36940 540 136712 AWARDS DINNER 691316 614408 76908 68301 725 129280 5 155761 93651 62110 3494 30738 700 59442 1024721 814483 210238 5136 135979 1965 325434 468514 -258276 true PORTLAND STATE UNIVERSITY PO BOX 751 Portland OR 97207 936001786 UNIVERSITY 9027888 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 168859 0 0 0 0 0 16982 0 14307 0 200148 0 0 0 SOCIAL CLUB DUES PART I, LINE 1A THE FOUNDATION PROVIDED SOCIAL CLUB DUES TOTALING $7,637 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 46395000 1117824 909246 44367930 2004 true false true true false false false false false 0.00000 0.00000 0.00000 true false false false true TRANSAMERICA WS CO 26.4 true false false X 1 7200 SALE OF SIMILAR ITEM X 22 1074526 AVG. HIGH/LOW PRICE X 1 103200 SALE OF SIMILAR ITEM 0 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 Marc Fovinci had a business relationship with Annette Mulee, Rick Hawkins, Peter Stott, and Jon Mitchell during the year ended June 30, 2011. 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 DIRECTORS, OTHER OFFICERS, AND KEY EMPLOYEES OF THE ORGANIZATION BASED ON COMPARABILITY DATA (SUCH AS FORMS 990 OF OTHER ORGANIZATIONS) AND PERFORMANCE EVALUATION. THE COMPENSATION MEETING TOOK PLACE ON MAY 5, 2010 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. 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. Reconciliation Form 990, PART XI, LINE 5 OTHER CHANGES TO NET ASSETS OR FUND BALANCES: $4,977,722 - UNREALIZED GAINS REMOVED FROM TAXABLE INVESTMENT INCOME BROADWAY HOUSING LLC 2125 SW 4TH AVE SUITE 510 PORTLAND OR 97201 930619733 HOUSING OR 6407089 42070184 N/A 2828 CORBETT INC 2125 SW 4TH AVE SUITE 510 PORTLAND OR 97201 202021524 PROPERTY MGMT OR 501(C)(2) N/A Edmin & Maxine Kristovich Trust 2125 SW FOURTH AVENUE STE 510 PORTLAND OR 97201 931263323 CRUT OR BANK OF AMERICA TRUST 0 88107 1.00000 Gleason Charitable Remainder Trust 2125 SW FOURTH AVENUE STE 510 PORTLAND OR 97201 576221924 CRUT OR BANK OF AMERICA TRUST 0 686399 1.00000 LARRY & CAROL BURDEN TRUST 2125 SW FOURTH AVENUE STE 510 PORTLAND OR 97201 931309307 CRUT OR BANK OF AMERICA TRUST 0 237366 1.00000 SPIKE WADSWORTH CHARITABLE TRUST #1 2125 SW FOURTH AVENUE STE 510 PORTLAND OR 97201 276003689 CRUT OR BANK OF AMERICA TRUST 0 179150 1.00000 SPIKE WADSWORTH CHARITABLE TRUST #6 2125 SW FOURTH AVENUE STE 510 PORTLAND OR 97201 306271239 CRUT OR BANK OF AMERICA TRUST 0 280541 1.00000 false false true false false false false false false false false false false false false false false false 2828 CORBETT INC C 110482