Oklahoma State University Foundation

“FORM 990, PART III, LINE 4D: OTHER PROGRAM EXPENSES INCLUDE EXPENDITURES TO SUPPORT OKLAHOMA STATE UNIVERSITY'S LIBRARY AND ITS PROGRAMS, SUPPORT FOR FACILITIES AND EQUIPMENT AND FOR REASEARCH CONDUCTED BY THE UNIVERSITY. DESCRIPTION EXPENSE GRANTS REVENUES Other 8,917,512 54,992 0”

“Form 990, part vi, section a, line 7a: the osu foundation has members that are referred to in the organization's bylaws as governors. Any individual past or current donor to the osu foundation may be elected as a governor of the osu foundation. Suggestions for nominations of a governor candidate shall be submitted by the governance committee to the full board of trustees; a majority vote of the trustees shall be required for a nominee to be elected as governor. A meeting of the governors shall be held annually on a date to be fixed by the board of trustees. At each meeting, trustees shall be elected by the board of governors, reports of affairs of the corporation shall be considered, and any other business may be transacted which is within the powers of the governors to transact.”

“Form 990, part vi, section b, line 11b: a draft form 990 is prepared by the osu foundation and is reviewed by an outside accounting firm. The osu foundation provides an electronic copy of the form 990 to each member of its governing body via email prior to a regularly scheduled audit committee meeting. A principal purpose of the spring audit committee meeting is a review and discussion of the form 990 and attachments. If any changes are needed, the form 990 is updated and an updated, final copy is provided to each member of the governing body prior to filing.”

“Form 990, part vi, section b, line 12c: annually, all members of the board of directors and key employees are required to complete a questionnaire that is used to identify relationships and circumstances that could give rise to a conflict of interest. The audit committee has the responsibility for oversight of the process set out in the conflict of interest policy, including (i) annually monitoring responses to the conflict of interest questionnaire (ii) communicating potential conflicts of interest to the management of the foundation as appropriate and (iii) communicating to the organization's governance committee any suggested changes to the conflict of interest policy.”

“Form 990, part vi, section b, line 15: the compensation committee (committee) is responsible for engaging an outside compensation and benefits consultant to determine the compensation of the organization's ceo, other officers, and employees. The committee shall ensure the consultant is independent and there is no conflict of interest. The committee receives and relies primarily on market data provided by its consultants in assessing compensation for senior officers. The committee meets annually to consider all elements of compensation, including contractual benefits that are not part of the compensation process, deferred compensation plans and other benefits to ensure that compensation is reasonable and does not constitute "excess benefits". The committee also reviews and approves other types of benefits provided to senior officers in a manner that qualifies for the rebuttable presumption of reasonableness under the intermediate sanction rules. The committee reviews the goals and objectives that may be relevant to the compensation of the ceo. The committee also reviews and approves the recommendation of the ceo with regard to the compensation of the vice presidents of the foundation. The actions of the committee are recorded in written minutes that are circulated to all committee members. Final decisions by the committee are reported to the board of trustees annually.”

“Part vi, line 19: all governing documents including the organization's by-laws, financial statements and conflict of interest policy are available upon request.”

“PART VII, SECTION B: Ruffalo Noel Levitz LLC Consult, Mgmt, Fundr 560,079 1025 Kirkwood PRKWAY SW Cedar Rapids, IA 52404 Debra C Engle Consulting LLC Consulting 271,015 5620 W Garden Point Drive Stillwater, OK 74074 Blackbaud Inc Software & Consulting 174,565 2000 Daniel Island Dr Charleston, SC 29492 Louisiana State University Resident Fees 111,500 Office of Accounting Services 204 Thomas Boyd Hall Baton Rouge, LA 70803 Washington Speakers Bureau Inc Speaker Fees 105,000 1663 Prince Street Alexandria VA 22314”

“Form 990, part xi, line 9: other changes in net assets or fund balances write-off of pledges $(4,884,267)”