Oregon State University Foundation

“Organization's Process to Review Form 990 - After preparation and thorough review by the organization's Controller, tax accountants, and legal counsel, a draft of the Form 990 is distributed to the Audit Committee for full review and comment. Once approved by the Audit Committee, the final Form 990 is made available to all voting members of the Board of Trustees via our "Directors Desk" secure website. The trustees are then given a window of opportunity to ask questions before the 990 is finalized and filed. After considering all the review procedures above, the tax return is timely filed with the IRS.”

“The Foundation has formal policies and procedures in place for annually documenting potential conflicts of interest among its governing body. At the beginning of each fiscal year, the organization's conflict of interest policy and code of ethics are sent to all new and returning trustees. Each trustee is asked to acknowledge receipt by returning a signed form indicating that they have read, understand, and agree to abide by these documents. Additionally, trustees must disclose in writing any potential conflicts of interest pertaining to Foundation business. All signed responses and disclosures become part of the Foundation's official records, and the full board is provided a list of individuals who declare potential conflicts.”

“Form 990, part VI, line 15a - Compensation Process for Top Official: The OSU Foundation Board of Trustees, through its committee structure, oversees the development of the President/CEO's annual work plan and monitors progress and performance against established goals. Monthly meetings between the Executive Committee and the President/CEO ensure close and frequent monitoring of the organization's performance and the leadership of its top executive. Additionally the Compensation Committee of the board performs periodic reviews of the top executive's compensation, which includes benchmarking of peer institutions' compensation structures. --------------------- Form 990, part VI, line 15b - compensation process for officers - The compensation of the organization's key employees is reviewed on an annual basis. The employee's immediate supervisor oversees the develop of an annual work plan and monitors progress and performance against established goals.”

“The organization's governing documents, conflict of interest policy, and IRS Form 990 are made available to the public upon request. Additionally, annual audited financial statements and information regarding endowment holdings are available to the public on the organization's website.”

“OSU Foundation distributions accounted for as "Other Program Services" include support for University and Foundation operations that are not specifically designated as direct student, faculty, or facilities support. Among the included distributions are unrestricted funds for use at the discretion of deans and program leaders, support for intercollegiate athletics and club sports, support for the library and other central service units, lecture series and other outreach activities, and endowment management and other transactional fees.”

“Distributions of endowment earnings $534,435; Transfers to endowments ($2,000); Interfund transfers $39,512; Realized Gain/Loss $461,233 - TOTAL $1,033,180”