Oregon State University Foundation
- Assets
- $1.1b
- Revenue
- $272.2m
- Investments
- $372.2m
- Employees
- 174
- Location
- Corvallis, OR
- Founding
- 04/1951
- Data as of
- 06/2022
- EIN
- 93-6022772
Organization Overview
Oregon State University Foundation is located in Corvallis, OR. The organization was established in 1951. 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, Oregon State University Foundation employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon 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, Oregon State University Foundation generated $272.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $128.6m during the year ending 06/2022. While expenses have increased by 4.8% 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 OSU FOUNDATION PARTNERS WITH OREGON STATE UNIVERSITY TO ENGAGE OUR COMMUNITY, INSPIRE INVESTMENT, AND STEWARD RESOURCES TO ENHANCE THE UNIVERSITY'S EXCELLENCE AND IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS & OTHER STUDENT SUPPORT: THE OSU FOUNDATION DISTRIBUTED THESE AMOUNTS, IN ACCORDANCE WITH DONOR INTENT, TO THE UNIVERSITY IN FY22 TO SUPPORT STUDENTS THROUGH SCHOLARSHIPS, FELLOWSHIPS, AND OTHER AWARDS. THROUGH THE YEARS, DONORS HAVE CREATED OVER 2,200 UNIQUE SCHOLARSHIP AND FELLOWSHIP FUNDS OF VARIOUS TYPES AND AMOUNTS AT THE OSU FOUNDATION. THESE FUNDS HELP ENSURE THAT AN OSU EDUCATION IS ACCESSIBLE TO QUALIFIED STUDENTS, REGARDLESS OF ECONOMIC CIRCUMSTANCES, AND ALLOW THE UNIVERSITY TO RECRUIT AND RETAIN THE BEST AND BRIGHTEST STUDENTS FROM OREGON AND BEYOND.
CAPITAL PROGRAMS: THE OSU FOUNDATION DISTRIBUTED THESE AMOUNTS, IN ACCORDANCE WITH DONOR INTENT, TO THE UNIVERSITY, IN FY22, TO SUPPORT THE CONSTRUCTION OR RENOVATION OF CAMPUS FACILITIES. MAJOR PROJECTS IN FY22 INCLUDED: ARTS & EDUCATION COMPLEX, COMPLETION COSTS ON THE MARINE STUDIES BUILDING IN NEWPORT AND THE GARY R CARLSON VET MED BUILDING, RENOVATION OF GRAF HALL, RESER STADIUM - WEST SIDE RENOVATION, THE VALLEY FOOTBALL CENTER, OSU PRESIDENT'S RESIDENCE, GOSS STADIUM TROPHY & OMAHA ROOM ENHANCEMENTS, WOMEN'S BASKETBALL LOCKER ROOM RENOVATIONS, AND THE GYMNASTICS PRACTICE FACILITY.
INSTRUCTION AND RESEARCH: THE OSU FOUNDATION DISTRIBUTED THESE AMOUNTS, IN ACCORDANCE WITH DONOR INTENT, TO THE UNIVERSITY, IN FY22, TO SUPPORT TEACHING AND RESEARCH. WITH 173 ENDOWED FACULTY POSITIONS AT THE UNIVERSITY, DONORS TO THE OSU FOUNDATION PROVIDE CRITICALLY NEEDED PRIVATE FUNDS TO HELP RECRUIT AND RETAIN WORLD-CLASS TALENT IN THE CLASSROOMS AND LABS. DURING THE YEAR, FOUNDATION FUNDS HELPED SUPPORT OSU'S INTERNATIONALLY RECOGNIZED PROGRAMS IN MARINE SCIENCES, FORESTRY, AND AGRICULTURAL SCIENCES, AMONG OTHERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Scoville President And CEO | Officer | 40 | $621,594 |
Steven M Schauble Treasurer, VP And CFO | Officer | 40 | $331,970 |
Constance C French VP For Principal Gifts | 40 | $327,068 | |
Jeffrey W Comfort VP Gift Planning And Principal Gifts | Officer | 40 | $302,033 |
Todd R Bastian Associate VP For Development | 40 | $271,714 | |
Kevin L Harvey Associate Vp, Finance | Officer | 40 | $256,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Schwab & Co Inc Investment | 6/29/22 | $580,963 |
Evertrue Inc Software | 6/29/22 | $525,059 |
Journal Graphics Printing And Mailing Services | 6/29/22 | $363,516 |
Levy Premium Food Service Lp Catering | 6/29/22 | $307,149 |
Affirma Consulting Llc Software | 6/29/22 | $222,540 |
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 | $193,084,030 |
| Noncash contributions included in lines 1a–1f | $27,215,879 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,084,030 |
| Total Program Service Revenue | $1,577,600 |
| Investment income | $6,047,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,044 |
| Net Rental Income | -$159,676 |
| Net Gain/Loss on Asset Sales | $57,185,699 |
| Net Income from Fundraising Events | $184,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,172,005 |
| 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. | $3,806,585 |
| Compensation of current officers, directors, key employees. | $1,017,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,029,183 |
| Pension plan accruals and contributions | $2,065,229 |
| Other employee benefits | $2,414,272 |
| Payroll taxes | $1,101,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$23,282 |
| Fees for services: Accounting | $392,194 |
| Fees for services: Lobbying | $138,867 |
| Fees for services: Fundraising | $15,272 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,700,489 |
| Advertising and promotion | $114,947 |
| Office expenses | $2,467,330 |
| Information technology | $2,097,046 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,184,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,196,000 |
| Interest | $4,650,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,220 |
| Insurance | $1,260,515 |
| All other expenses | $9,181,531 |
| Total functional expenses | $128,575,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,516,249 |
| Pledges and grants receivable | $106,210,664 |
| Accounts receivable, net | $438,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,857,404 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $318,952 |
| Net Land, buildings, and equipment | $14,580,434 |
| Investments—publicly traded securities | $527,349,650 |
| Investments—other securities | $372,204,805 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,186,019 |
| Total assets | $1,086,662,227 |
| Accounts payable and accrued expenses | $11,976,757 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,644,294 |
| Total liabilities | $117,321,051 |
| Net assets without donor restrictions | $16,520,890 |
| Net assets with donor restrictions | $952,820,286 |
| 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 | $1,086,662,227 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Oregon State University Foundation has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Vf Foundation Wilmington, DE PURPOSE: TALENT DATABASE RESEARCH WITH BASECAMP OUTDOOR | $47,000 |
Mitchell Family Charitable Trust Newberg, OR PURPOSE: EDICATOP | $25,000 |
Giustina Foundation Eugene, OR PURPOSE: GENERAL PURPOSES | $10,000 |
Bing And Rachel Zhang Family Foundation Wilmington, DE PURPOSE: CHARITABLE FUNCTION | $5,000 |
Karen Alice Nilsen Olsen Charitable Foundation Inc Parker, CO PURPOSE: CREATING TRANSFORMATIVE STUDENT LEARNING EXPERIENCES | $4,000 |
Charles & Nancy Oden Luce Trust Dallas, TX PURPOSE: SCHOLARSHIPS FOR BOOKS & | $3,000 |
Endowment Analysis
| Beg. Balance | $817,382,079 |
| Earnings | -$59,594,419 |
| Net Contributions | $30,932,443 |
| Other Expense | $22,520,156 |
| Grants | $4,706,164 |
| Ending Balance | $761,493,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Foundation Eugene, OR | $1,406,809,391 | $267,924,803 |
The Ucla Foundation Los Angeles, CA | $5,049,182,336 | $636,368,398 |
University Of California San Francisco Foundation San Francisco, CA | $3,419,389,574 | $724,265,070 |
Association Of University Physicians Seattle, WA | $217,739,908 | $355,369,827 |
University Of California Berkeley Foundation Berkeley, CA | $2,480,595,373 | $338,166,506 |
University Of Washington Foundation Seattle, WA | $5,084,385 | $209,212,182 |
Cal Poly Pomona Foundation Inc Pomona, CA | $112,439,496 | $53,807,212 |
San Diego State University Foundation San Diego, CA | $208,622,845 | $174,580,877 |
Oregon Health And Science University Foundation Portland, OR | $1,419,565,425 | $108,603,763 |
Oregon State University Foundation Corvallis, OR | $1,086,662,227 | $272,172,005 |
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |