Ohio State University Foundation
- Assets
- $1.6b
- Revenue
- $350.4m
- Investments
- $730.0m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 31-1145986
Organization Overview
Ohio State University Foundation is located in Columbus, OH. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ohio State University Foundation generated $350.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $296.2m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OHIO STATE UNIVERSITY FOUNDATION IS THE OHIO STATE UNIVERSITY'S PRIMARY FUNDRAISING AND GIFT-RECEIVING ORGANIZATION. ITS PURPOSE IS TO ADVANCE THE MISSION OF OHIO STATE BY PURSUING AND SECURING PRIVATE SUPPORT TO BENEFIT OHIO STATE STUDENTS, FACULTY, PROGRAMS, AND/OR FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO THE OHIO STATE UNIVERSITY
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Dietz Board Of Directors And Officer | OfficerTrustee | 0.5 | $0 |
Michael C Eicher Ex Officio Director And Officer | OfficerTrustee | 0.5 | $0 |
Carter G Phillips Board Of Directors And Officer | OfficerTrustee | 0.5 | $0 |
G Gilbert Cloyd Board Of Directors And Officer | OfficerTrustee | 0.5 | $0 |
Gifford Weary Board Of Directors And Officer | OfficerTrustee | 0.5 | $0 |
Bonita D Griffin Board Of Directors And Officer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Awh Software Development Partner | 6/29/20 | $325,544 |
Avi Foodsystems Inc Event Catering Services | 6/29/20 | $396,593 |
Fort Ventures Llc Creative Design Services | 6/29/20 | $167,755 |
Awh Software Development Partner | 6/29/20 | $325,544 |
Compton Construction General Contractor | 6/29/20 | $534,783 |
Avi Foodsystems Inc Event Catering Services | 6/29/20 | $396,593 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,873,861 |
| Noncash contributions included in lines 1a–1f | $19,582,872 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,873,861 |
| Total Program Service Revenue | $0 |
| Investment income | $30,981,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,432,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,815 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,924 |
| Fees for services: Accounting | $86,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,642,832 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $614 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $296,174,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,281 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $239,278,693 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $661,726,262 |
| Investments—other securities | $729,970,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,170 |
| Total assets | $1,631,201,845 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $9,454,330 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,064,642 |
| Total liabilities | $54,518,972 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,576,682,873 |
| Total liabilities and net assets/fund balances | $1,631,201,845 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ohio State University Foundation has recieved totaling $94,000.
| Awarding Organization | Amount |
|---|---|
Ibc Network Foundation Sealy, TX PURPOSE: Research support | $60,000 |
Barbara W And Philip R Derrow Family Foundation New Albany, OH PURPOSE: OPERATIONS | $20,000 |
Ohio Agribusiness Association Educational Trust Columbus, OH PURPOSE: EDUC SCHOLARSHIPS | $14,000 |
Endowment Analysis
| Beg. Balance | $1,345,059,383 |
| Earnings | -$18,698,242 |
| Admin Expense | $18,642,832 |
| Net Contributions | $86,910,333 |
| Other Expense | $49,896,284 |
| Ending Balance | $1,344,732,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson University Physicians Philadelphia, PA | $187,548,071 | $476,809,687 |
Kentucky Medical Services Foundation Inc Lexington, KY | $270,966,937 | $425,440,367 |
University Of Kentucky Research Foundation Lexington, KY | $188,775,172 | $369,852,057 |
Ohio State University Foundation Columbus, OH | $1,631,201,845 | $350,432,065 |
Indiana University Foundation Bloomington, IN | $3,105,176,215 | $228,544,851 |
Purdue Research Foundation West Lafayette, IN | $3,096,906,780 | $183,185,294 |
Wilkes University Wilkes Barre, PA | $232,735,413 | $139,424,489 |
West Virginia Univ Foundation Inc Morgantown, WV | $1,952,164,791 | $155,430,683 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |