Ohio University Foundation
- Assets
- $641.6m
- Revenue
- $75.2m
- Investments
- $104.6m
- Employees
- 105
- Location
- Athens, OH
- Founding
- 03/1955
- Data as of
- 06/2022
- EIN
- 31-6402269
Organization Overview
Ohio University Foundation is located in Athens, OH. The organization was established in 1955. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Ohio University Foundation employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio 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 University Foundation generated $75.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $52.6m during the year ending 06/2022. While expenses have increased by 4.1% 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 UNIVERSITY FOUNDATION IS AN ACTIVE PARTNER IN OHIO UNIVERSITY'S MISSION OF EDUCATION, RESEARCH, AND SERVICE. THE FOUNDATION PROVIDES SUPPORT FOR FINANCIAL AID, RESEARCH, CAPITAL EXPANSION, AND OTHER ACADEMIC INITIATIVES, SECURING FOR OHIO UNIVERSITY A MARGIN OF EXCELLENCE THAT OTHERWISE WOULD NOT BE POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OHIO UNIVERSITY FOUNDATION PROVIDES FUNDING FOR MANY UNIVERSITY NEEDS INCLUDING ACADEMIC AND INSTRUCTIONAL SUPPORT, STUDENT AID, RESEARCH, FACILITIES, ATHLETICS AND OTHER ACADEMIC INITIATIVES. DURING FISCAL YEAR 2022, THE OHIO UNIVERSITY FOUNDATION PROVIDED $17.3 MILLION IN SUPPORT FOR INSTRUCTION AND RESEARCH, $9.4 MILLION IN STUDENT AID, AND $10.3 MILLION IN SUPPORT OF OTHER ACADEMIC INITIATIVES. OHIO'S PREMIER SCHOLARSHIP PROGRAMS INCLUDE THE APPALACHIAN SCHOLAR PROGRAM, THE URBAN SCHOLARS PROGRAM, THE CUTLER SCHOLARS PROGRAM, AND MANY MORE NEED AND MERIT-BASED SCHOLARSHIPS. SIGNIFICANT GIFTS WERE RECEIVED DURING FISCAL YEAR 2022 FOR THE COLLEGES OF ARTS AND SCIENCES, BUSINESS, ENGINEERING AND OSTEOPATHIC MEDICINE, AS WELL AS FOR STUDENT FINANCIAL AID, INTERCOLLEGIATE ATHLETICS AND MANY OTHER AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee (former) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International Investors Llp Investment Management | 6/29/22 | $347,407 |
Hirtle Callaghan & Co Investment Management | 6/29/22 | $300,227 |
Fund Evaluation Group Investment Consultant | 6/29/22 | $246,877 |
Tiaa Kaspick Investment Mgt/gift Admin | 6/29/22 | $229,544 |
Ruffalo Noel Levitz Llc Fundraising | 6/29/22 | $174,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,157 |
| Related organizations | $4,358,136 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,240,867 |
| Noncash contributions included in lines 1a–1f | $17,290,134 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,642,160 |
| Total Program Service Revenue | $0 |
| Investment income | $9,260,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$432,364 |
| Net Gain/Loss on Asset Sales | $21,482,028 |
| Net Income from Fundraising Events | -$6,357 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75,547 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,179,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,908,054 |
| 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. | $902,197 |
| Compensation of current officers, directors, key employees. | $374,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,279,266 |
| Pension plan accruals and contributions | $635,836 |
| Other employee benefits | $930,661 |
| Payroll taxes | $95,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,598 |
| Fees for services: Accounting | $130,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $174,650 |
| Fees for services: Investment Management | $2,521,603 |
| Fees for services: Other | $438,863 |
| Advertising and promotion | $194,247 |
| Office expenses | $608,804 |
| Information technology | $662,558 |
| Royalties | $0 |
| Occupancy | $57,507 |
| Travel | $325,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $472,905 |
| Interest | $30,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,123 |
| Insurance | $41,194 |
| All other expenses | $106,374 |
| Total functional expenses | $52,577,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,067,678 |
| Pledges and grants receivable | $18,699,306 |
| Accounts receivable, net | $864,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,871 |
| Prepaid expenses and deferred charges | $508,003 |
| Net Land, buildings, and equipment | $5,005,180 |
| Investments—publicly traded securities | $448,588,512 |
| Investments—other securities | $104,635,555 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,128,198 |
| Total assets | $641,559,157 |
| Accounts payable and accrued expenses | $1,285,129 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,398,156 |
| 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 | $8,913,542 |
| Total liabilities | $11,596,827 |
| Net assets without donor restrictions | $128,979,120 |
| Net assets with donor restrictions | $500,983,210 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $641,559,157 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ohio University Foundation has recieved totaling $10,100.
| Awarding Organization | Amount |
|---|---|
Epstein Philanthropies New York, NY PURPOSE: GENERAL PURPOSES | $10,000 |
Swagelok Foundation Solon, OH PURPOSE: TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $597,273,383 |
| Earnings | -$67,266,330 |
| Admin Expense | $7,822,301 |
| Net Contributions | $13,888,864 |
| Other Expense | $19,682,520 |
| Ending Balance | $516,391,096 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |