The Ohio University Foundation
The Ohio University Foundation
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About this organization
Mission
The Ohio University Foundation was established in 1945 by supporters of Ohio University including and encouraged by then-President John C. Baker. The Foundation is an institutionally-related, nonprofit, tax exempt, 501(c)(3) organization, and is the repository for all private gifts to Ohio University. Private philanthropy has had a rich and dramatic impact on Ohio University from as early as 1816 when Christopher and Daniel Herrold forgave the debt for the lumber used to build Cutler Hall, the the oldest building on campus and the oldest in the original Northwest Territories of the United States. Today the foundation, and nearly 100 university advancement staff members, manage an endowment of more than $647M and support an engaged and diverse alumni base of more than 255,000 individuals.
About
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 2019, The Ohio University Foundation provided $6.7 million in support for instruction and research, $7.7 million in student aid, and $8.8 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 2019 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.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “The ohio university foundation was established in 1945 to support the mission of ohio university, the first institution of higher education in the northwest territory. ohio university holds as its central purpose the intellectual and personal development of its students and is well-known for its outstanding faculty of accomplished teachers whose research and creative activity advance knowledge across many disciplines. during fiscal year 2017 the ohio university foundation received thousands of gifts totaling approximately of $22 million.”.
When explaining its duties, they were described as: “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.”.
- The state in which the non-profit is authorized to operate legally is OH.
- According to the filing, the address of the non-profit for the year 2020 is PO Box 869, Athens, OH, 45701.
- The non-profit has reported 116 employees on their form for the year 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,211,681.
- The CEO compensation strategy within the organization is determined through a thorough evaluation and endorsement by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has a foreign financial account.
- The organization has 37 independent voting members.
- The organization has a professional fund raiser.
- The organization was formed in 1945.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $9,862,216 in salary, compensation, and benefits to its employees.
- The organization pays $10,530,772 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.
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