Oregon State University Foundation
- Assets
- $1.1b
- Revenue
- $137.9m
- Investments
- $368.3m
- Employees
- 185
- Location
- Corvallis, OR
- Founding
- 04/1951
- Data as of
- 06/2023
- 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 06/2023, Oregon State University Foundation employed 185 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 06/2023, Oregon State University Foundation generated $137.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $139.6m during the year ending 06/2023. While expenses have increased by 5.2% per year over the past 8 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
2023
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 FY23 TO SUPPORT STUDENTS THROUGH SCHOLARSHIPS, FELLOWSHIPS, AND OTHER AWARDS. THROUGH THE YEARS, DONORS HAVE CREATED OVER 2,668 UNIQUE SCHOLARSHIP, FELLOWSHIP, AND STUDENT SUPPORT FUNDS OF VARIOUS TYPES AND AMOUNTS AT THE OSU FOUNDATION, OF WHICH 2,071 ARE ENDOWED. 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 FY23, TO SUPPORT THE CONSTRUCTION OR RENOVATION OF CAMPUS FACILITIES. MAJOR PROJECTS IN FY23 INCLUDED: THE COLLABORATIVE INNOVATION CENTER, THE ARTS & EDUCATION COMPLEX, THE MARINE STUDIES BUILDING IN NEWPORT, CONTINUED EXPANSION AT CASCADES CAMPUS, RENOVATION OF GRAF HALL, RESER STADIUM - WEST SIDE RENOVATION, TRACK GRANDSTAND, OSU PRESIDENT'S RESIDENCE, THE CROP SCIENCE BUILDING, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Scoville President And CEO | Officer | 40 | $673,165 |
Steven M Schauble Treasurer, VP And CFO | Officer | 40 | $345,799 |
Constance C French VP For Principal Gifts | 40 | $345,352 | |
Todd R Bastian Associate VP For Development | 40 | $308,751 | |
Jeffrey W Comfort VP Gift Planning And Principal Gifts | Officer | 40 | $321,699 |
Kristin G Watkins Associate VP For Development, Portland Center | 40 | $270,506 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evertrue Inc Software | 6/29/23 | $401,911 |
Special Occasions Event Rentals | 6/29/23 | $328,203 |
Invnt Llc Event Production | 6/29/23 | $1,836,680 |
Irmarfer Structures Us Rental Company | 6/29/23 | $470,173 |
Levy Premium Food Service Lp Catering | 6/29/23 | $708,409 |
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 | $79,499,616 |
| Noncash contributions included in lines 1a–1f | $15,321,378 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,499,616 |
| Total Program Service Revenue | $929,825 |
| Investment income | $9,458,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,809 |
| Net Rental Income | -$320,927 |
| Net Gain/Loss on Asset Sales | $24,580,719 |
| Net Income from Fundraising Events | $309,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,919,743 |
| 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. | $2,262,419 |
| Compensation of current officers, directors, key employees. | $900,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,027,702 |
| Pension plan accruals and contributions | $2,464,169 |
| Other employee benefits | $2,393,826 |
| Payroll taxes | $1,221,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185,801 |
| Fees for services: Accounting | $190,346 |
| Fees for services: Lobbying | $53,584 |
| Fees for services: Fundraising | $42,500 |
| Fees for services: Investment Management | $84,808 |
| Fees for services: Other | $2,231,302 |
| Advertising and promotion | $75,373 |
| Office expenses | $3,681,649 |
| Information technology | $2,341,632 |
| Royalties | $0 |
| Occupancy | $102,261 |
| Travel | $3,819,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,366,199 |
| Interest | $5,863,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $505,144 |
| Insurance | $715,459 |
| All other expenses | $15,332,072 |
| Total functional expenses | $139,562,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,694,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $101,048,477 |
| Accounts receivable, net | $1,211,261 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,953,468 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $644,910 |
| Net Land, buildings, and equipment | $15,230,891 |
| Investments—publicly traded securities | $590,507,598 |
| Investments—other securities | $368,281,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,613,460 |
| Total assets | $1,142,186,435 |
| Accounts payable and accrued expenses | $36,797,918 |
| 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 | $107,751,321 |
| Total liabilities | $145,249,239 |
| Net assets without donor restrictions | $16,425,921 |
| Net assets with donor restrictions | $980,511,275 |
| 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 | $1,142,186,435 |