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University of Oklahoma Foundation Inc.
100 Timberdell Road
Norman OK 73115-0685
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Tax Exempt Status Public Supported Charity
Mission Statement The University of Oklahoma Foundation is an independent not-for-profit corporation that encourages and supports charitable giving for the benefit of the University of Oklahoma. The Foundation acts as the principal organization through which those gifts are made and administered for the benefit of the University. The sole reason for its existence is to serve the University of Oklahoma and the generous donors who support the University.
Website https://www.oufoundation.org/portal
Contact Information
Contact Name Jana Moring
Contact email oufoundation@ou.edu
Address 100 Timberdell Road
Norman, OK 73115 0685
Phone (405) 321-1174
Fax 405-321-1180
County Cleveland County
Alternate Address PO Box 258856
Oklahoma City OK 73125 8856
Alternate Phone 405 310-4848
How to Give
Donate with Credit Card https://www.oufoundation.org/OnlineGivingWeb/Giving/OnlineGiving/devmain
Other ways to donate, support or volunteer Giving Methods
Making a gift is easy – online, by check, through a donor advised fund, via wire transfer, by a will or living trust, or through employers’ matching gifts.  Please see:  https://www.oufoundation.org/portal/Giving/Giving-Methods 
 

Giving Pathways

Whether you want to give in honor or memory of a loved one, become more involved at OU, create opportunities for students, advance research, name a space on campus, or maximize an income tax deduction, we can help.  Please see: https://www.oufoundation.org/portal/Giving/Giving-Pathways

Establishing a Fund at the Foundation

 What are the steps I need to take to establish a fund? What is the difference between an endowed or expendable fund?  Learn here: https://www.oufoundation.org/portal/Giving/Establishing-a-Restricted-Endowed-or-Expendable-Fund 
Financial Summary
 
 
Projected Revenue $200,000,000.00
Projected Expenses $85,000,000.00
History and Background
Year Founded 1944
IRS Ruling Year 1955
Registered with the Secretary of State?HelpAll 501(c)(3) nonprofits in Oklahoma who accept contributions must register with the Secretary of State each year. Churches, schools, member-based orgs are exempt. www.sos.ok.gov/charity Yes
State Registration Expiration June 2017
Statements
Mission The University of Oklahoma Foundation is an independent not-for-profit corporation that encourages and supports charitable giving for the benefit of the University of Oklahoma. The Foundation acts as the principal organization through which those gifts are made and administered for the benefit of the University. The sole reason for its existence is to serve the University of Oklahoma and the generous donors who support the University.
Background
The University of Oklahoma Foundation, Inc., was established on December 1, 1944, to offer private donors a reliable, efficient and profitable means to invest their philanthropic dollars in the future of the University of Oklahoma. From its inception—from the first $160 gift from the three original trustors—the Foundation’s goals have been to obtain for the University the maximum benefit from its private sector support, to protect the interest of the donors, and to ensure that the original intent of each gift is scrupulously observed.
 
Whatever the source of private funds, whatever the beneficiary, the responsibility of the University of Oklahoma Foundation remains the same: To guarantee that the private contributions entrusted to its care are managed, invested, and expended in a sound, efficient, and ethical manner. The Foundation exists only to benefit the University of Oklahoma and in the last analysis is answerable only to its donors.
 
Impact

The intent of the University of Oklahoma Foundation is to be a powerful catalyst to the University in the accomplishment of its vision of excellence in higher education  Furthermore, given the challenges facing higher education in the US, the Foundation has an even greater opportunity to be an agent of change for more effective fundraising, more efficient administrative processes, and improvements in transparency.
Needs
In 2015, the University of Oklahoma will celebrate its 125th anniversary. This is not only a major milestone, but also provides a singular opportunity to reflect on our past and to be forward-thinking about meeting the challenges of our future. To meet these challenges, we are launching the Live On, University Campaign.  Learn more about the campaign: 
 
CEO/Executive Director Statement
Amid all the conversation about endowment and asset size, investment performance, tuition increases and cuts in state funding, it would be easy to get lost in the numbers. As stakeholders, we want you to share in the inner workings of the Foundation, but we never want the "how" of giving to overshadow the "why" of your generosity.
 
The purpose of the Foundation is to encourage and support charitable giving for the benefit of the University of Oklahoma. Every day we live that mission through conscientious service to the generous donors who support our University.
 
Below is what we are committed to do for you:
 
Make giving simple – Whether you make a gift online, write a check, perform a wire transfer or create a bequest, we’re here to help. 
 
Let you know that your gifts matter – Supporting OU is an important expression of your priorities and values. As a transparent organization, we encourage you to play an active role in knowing where your money goes and how it is spent.
 
Invest and manage your gifts wisely – Our outstanding investment results happen by choice, not chance. Our purpose-driven investment management should give you confidence to establish or enhance endowed funds. 
 
Ultimately, between your generosity and the Foundation’s stewardship of your gifts, the University of Oklahoma will make permanent its aspirations for excellence. Let’s not forget that you are the most important part of that trajectory.
 
Guy L. Patton
President 
 
 
 
 
 
Board Chair Statement Unlike corporate boards and many non-profits that pay handsomely, the University of Oklahoma Foundation board is non-compensated - if compensation is measured in money alone.  But the opportunity to contribute what we do best to the University we love most makes all of our hard work worthwhile.  
Area Served
Area Served
Geographic Area Served
Central Oklahoma
Norman
Central Oklahoma. Norman, Oklahoma. Cleveland County.
Service Categories
Primary Organizational CategoryHelpAs defined by the National Center for Charitable Statistics, organizational categories are linked to the National Taxonomy of Exempt Entities (NTEE) coding system. (http://nccsdataweb.urban.org) Education/Single Organization Support
Secondary Organizational Category Education/Universities
Tertiary Organizational Category Education/Funding Raising & Fund Distribution
Programs
Scholarships
Description Increasing unrestricted scholarships
Unrestricted scholarships give OU’s financial aid counselors the most flexibility in directing scholarship funding to both the most deserving students and those with the greatest need.

Sustaining the Sooner Heritage Scholarships Program
This program is geared for middle-income students who don’t benefit from government aid available to low-income students. The Campaign seeks endowment-level gifts as well as annual gifts of $700 for named Sooner Heritage Scholarships.
BudgetHelpSome organizations have unified budgeting and do not budget by program. Because of this, some budget fields may be blank or represent an approximation. $15,000
Category HelpAs defined by the National Center for Charitable Statistics (NCCS), program classification codes are linked to the Nonprofit Program Classification (NPC) coding system. (http://nccsdataweb.urban.org) Education, General/Other Student Financial Aid
Strategy
Population Served Adults
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program.
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state. The University's focus on endowed scholarship funds will ensure that future generations of our students receive the support they need to attend OU. 
Program Success MonitoringHelpDescription of the tools used to measure or track program impact.
Examples of Program SuccessHelpSpecific examples of changes in behaviors or testimonies of changes that demonstrate program success.
Support OU Faculty
Description

Private gifts to establish endowed faculty chairs and professorships are key to recruiting, retaining, and rewarding outstanding faculty. Endowed faculty positions are supported by an endowment in perpetuity. The fund is maintained in secure investments by the University of Oklahoma Foundation Inc. Positions can be created in a favorite college, school, program, or interdisciplinary area of interest and may be named for the donor or as the donor wishes.

Three options for donors in endowing faculty positions are as follows:
Endowed Chairs. Funded with a gift of $1 million. The most prestigious of the faculty endowments, these are awarded to help recruit top professors to OU and to retain our best teachers and researchers.  The $1 million endowment will generate about $50,000 a year, which can be used to supplement the professor's salary and support his/her scholarly activities.

Endowed Professorships. Funded with a gift of $500,000. These are awarded to help recruit promising young professors to OU and to retain valued teachers and researchers. The $500,000 endowment will generate about $25,000 a year, which can be used to supplement the professor's salary and support his/her scholarly activities.

The Presidential Professorship Program is one of President Boren’s cornerstone initiatives to recognize and reward top faculty members. Four-year stipends of $5,000 are awarded to assistant and associate professors, and $10,000 for full professors. Nominees are chosen in a highly competitive process.  The professorships can be funded with an endowment gift of $250,000, which will generate $10,000 a year for the professor during a four-year term and it is typically directed toward their salary. 
BudgetHelpSome organizations have unified budgeting and do not budget by program. Because of this, some budget fields may be blank or represent an approximation. $500,000
Category HelpAs defined by the National Center for Charitable Statistics (NCCS), program classification codes are linked to the Nonprofit Program Classification (NPC) coding system. (http://nccsdataweb.urban.org) Education, General/Other Educational Research
Strategy
Population Served Adults
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program.
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state. The endowed faculty program has made a real difference in faculty morale and compensation, because it truly rewards merit, both in teaching and in research.  Besides attracting the best teachers for OU students, the exceptional research endowed faculty members undertake contributes to Oklahoma's economy.
Program Success MonitoringHelpDescription of the tools used to measure or track program impact.
Examples of Program SuccessHelpSpecific examples of changes in behaviors or testimonies of changes that demonstrate program success.
OU President's Associates
Description

Since its beginning in 1979, the President’s Associates program has provided unrestricted funding that allows OU’s president to deal with critical issues and pursue initiatives that enrich OU’s academic mission. Because donors can designate half of their gift to a favorite college or program, Associates funds provide the same kind of opportunities to OU deans and program directors. The impact the Associates program can be tremendous.
BudgetHelpSome organizations have unified budgeting and do not budget by program. Because of this, some budget fields may be blank or represent an approximation. $1,000
Category HelpAs defined by the National Center for Charitable Statistics (NCCS), program classification codes are linked to the Nonprofit Program Classification (NPC) coding system. (http://nccsdataweb.urban.org) Education, General/Other Educational Programs
Strategy
Population Served Adults
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program.
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state.

A membership in the President’s Associates gives you a ticket to OU’s major events, including dinners featuring speakers – renowned in politics, current events, and academics – from around the world.

The Associates have served as co-hosts of such Norman campus events as the openings of the Gaylord College of Journalism and Mass Communication; the Mary and Howard Lester Wing of the Fred Jones Jr. Museum of Art; and the Donald W. Reynolds Performing Arts Center.
Program Success MonitoringHelpDescription of the tools used to measure or track program impact.
Examples of Program SuccessHelpSpecific examples of changes in behaviors or testimonies of changes that demonstrate program success.
Disaster Programs
VOAD MemberHelpVOAD (Voluntary Organizations Active in Disaster) is a collaborative group of nonprofit and affiliated organizations that work together to effectively plan for and respond to disasters in a given region. No
CEO/Executive Director
CEO/Executive Director Guy Patton
Start Date Oct 2007
Email gpatton@ou.edu
Experience

Guy Patton is President and Chief Executive Officer of the University of Oklahoma Foundation. 

Prior to assuming this role in October of 2007, Mr. Patton was with Fidelity Investments for more than 22 years. Mr. Patton joined Fidelity in 1985 as a Sales representative in Fidelity’s retail business. He held numerous positions within the Finance function during the early part of his career at Fidelity including senior regional finance executive for both the Southwest and Midwest regions.

In 1997, Mr. Patton was promoted to executive vice president of Fidelity’s Institutional Retirement business.  During that time Mr. Patton was responsible for launching the industry’s first Internet-based 401(k) product.  For this, he was named “Co-Impact Player-of-the-Year” by Defined Contribution News in 2000.  He then became president of Fidelity Investments Tax-Exempt Services Company; one of the nation’s top providers of 403(b), and 401(k) retirement savings plans to tax-exempt organizations in the US.  In 2004 Mr. Patton was promoted to President of all of Fidelity’s Retirement and Outsourcing business with nearly 5000 employees and revenues of over $2.5 billion.

In addition to his general management roles, Mr. Patton was asked to lead the global Human Resources function for Fidelity in 2002. In that capacity he was a member of Fidelity’s 12 person Executive Committee.  During that time, he was responsible for the company’s corporate human resources functions including recruitment, compensation, benefits, employee relations, as well as management and organizational development for the firm worldwide.

Mr. Patton received a bachelor’s degree in economics in 1983 and a master’s degree in 1985, both from the University of Oklahoma.

Mr. Patton has been a member of the board of trustees for numerous not-for-profit organizations, including Jobs For The Future, InRoads, The Cincinnati Ballet, and has served as president of the Board of Trustees for the Childhood Trust. 
Senior Staff
NameTitle
Gary BeadlesVice President & General Counsel
Kathy HarlinCorporate Secretary
Brad JohnsonChief Investment Officer
Bonnie KennedyChief Operating Officer
Lynette LobbanDirector of Publications
Jana MoringDirector of Donor Relations
Trent WellsChief Financial Officer
Staff
Number of Full-time Staff 27
Number of Part-time Staff 0
Number of Contract Staff 4
Number of Volunteers 0
Staff Retention Rate 100
Are professional development opportunities provided? Yes
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Staff Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 26
Hispanic/Latino 0
Native American/American Indian 0
Staff Demographics - Gender
Male 10
Female 17
Organizational Plans
Fundraising Plan Under Development
Policy against commission-based compensation for fundraising consultant No
Communication Plan No
Strategic Plan Yes
Number of Years Strategic Plan Considers 5
Date Strategic Plan Adopted June 2013
Management Succession Plan No
Organization Policies and Procedures Yes
Continuity of Operations PlanHelpShows how an organization will operate after an event or disaster occurs that affects daily operations. No
Policies
Nondiscrimination Policy No
Whistle Blower PolicyHelpThe Sarbanes-Oxley Act provides certain protections for whistle blowers and criminal penalties for actions taken in retaliation against them. www.independentsector.org/sarbanes_oxley Yes
Document Destruction PolicyHelpThe Sarbanes-Oxley Act addresses the destruction of business records & documents & specifies that international document destruction should be carefully monitored. Yes
Directors and Officers Insurance Policy Yes
Government Licenses
Is your organization licensed by the government (federal, state and/or local)? No
Other Documents
Investment Report Summary
Board Chair
Name Mr. Mike Samis
Company Affiliation Samis Investments
Term Jan 2015 to Dec 2018
Email mike@samisinvestments.com
Board of Directors
List Current as of July 01, 2016
Board of Directors List
NameAffiliationStatus
Elby J. Beal GCP Managment LLCVoting
Jeb Boatman BoeingVoting
Ronald E. Bradshaw Colony Partners, Inc.Voting
Ann M. Cosgrove M.D.Ann M. Cosgrove, M.D.Voting
Kay Donahue RetiredVoting
Cliff Hudson Sonic Corp.Voting
Oscar B Jackson Jr.RetiredVoting
Keith Jackson P.A.R.K.Voting
Michael E. Josepth McAfee & TaftVoting
Sandy Kinney Retired (AT&T)Voting
Bill G. Lance Chickasaw Nation, Division of CommerceVoting
Carlisle Mabrey Citizens Security Bank & Trust Co.Voting
Tommy H. McCasland, III Mack Energy Co.Voting
Scott A. Meacham I2EVoting
David Moffett RetiredVoting
Pattye L. Moore Pattye Moore & AssociatesVoting
Guy L. Patton Exofficio
Larry Pinkerton Pinkerton Law, P.C.Voting
David Rainbolt BancFirst Corp.Voting
Laura Ratliff Voting
Harvie Roe Ameritrust Corp.Voting
Robert J. Ross Inasmuch FoundationVoting
Michael Samis Samis InvestmentsVoting
Floyd Simon Jr., D.D.S.Dr. Floyd Simon Jr., DDSVoting
Charles Stephenson Regents Private CapitalVoting
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 22
Hispanic/Latino 0
Native American/American Indian 1
Board Demographics - Gender
Male 18
Female 5
Governance
Board Term Lengths 3 years
Board Term LimitsHelpThe Standards for Excellence Institute recommends that board policies should include limits on the number of consecutive terms a board member may serve. www.standardsforexcellenceinstitute.org 3 terms
Number of Full Board Meetings AnnuallyHelpThe Standards for Excellence Institute recommends a minimum of four meetings per year of the full board. www.standardsforexcellenceinstitute.org 3
Board Meeting Attendance %HelpThe Better Business Bureau's Standards for Charity Accountability recommends at least 65% board attendance. (http://us.bbb.org) 91 %
Percentage of Board Making Monetary Contributions to the Organization 100 %
Percentage of Board Making In-Kind Contributions to the Organization 0 %
Board Orientation Yes
Constituency Includes Client Representation Yes
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy?HelpThe Standards for Excellence Institute recommends that nonprofits should have a written conflict of interest policy applicable to board members, staff and volunteers. Yes
Standing Committees
Audit, Compliance and Controls
Finance
Investment
Executive
Donor Services
Human Resources / Personnel
Trusteeship
 HelpFinancial figures are entered by community foundation staff who review the organization's audit and IRS Form 990. Reference the comments on financials at the bottom of the page for source of financial figures.
 
Current Fiscal Year
Fiscal Year July 01, 2016-June 30, 2017
Current Year Budgeted Total Income $200,000,000
Current Year Budgeted Total Expenses $85,000,000
Financial Documents
Form 9902016
Form 9902015
Form 9902014
Form 9902013
Form 9902012
Form 9902011
Form 9902010
Audit2016
Audit2015
Audit2014
Audit2013
Audit2012
Audit2010
IRS Letter of Determination
IRS Letter
Prior Three Years' Financial History
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201620152014
Total Revenue$157,761,018$220,764,047$275,674,675
Total Expenses$111,843,520$93,872,849$117,601,554
Revenue Less Expenses$45,917,498$126,891,198$158,073,121
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201620152014
Contributions------
Foundation and
Corporation Contributions		------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$126,048,230$149,748,208$121,404,535

Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.

------

Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.

------
Investment Income, Net of Losses$10,701,664$13,100,312$13,534,112
Unrealized Gain/Loss$17,948,495$54,811,589$135,340,676
Membership Dues------
Special Events------
Revenue In-Kind------
Other$3,062,629$3,103,938$5,395,352
Expense Allocation
Fiscal Year201620152014
Program Expense$105,277,738$88,189,001$112,376,657
Administration Expense$6,565,782$5,683,848$5,224,897
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.412.352.34
Program Expense/Total Expenses94%94%96%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$1,680,877,199$1,622,967,254$1,310,437,051
Current Assets$15,929,961$14,625,240$4,374,839
Long-Term Liabilities$267,214,691$249,191,607$68,198,357
Current Liabilities$13,710,950$19,741,587$15,095,832
Total Net Assets$1,399,951,558$1,354,034,060$1,227,142,862
Solvency
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities1.160.740.29
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets16%15%5%
Funding Sources
Top Funding Sources
Fiscal Year201620152014
Top Funding Source & Dollar AmountIndividuals $126,048,230Individuals $149,748,208Realized & Unrealized $135,340,676
Second Highest Funding Source & Dollar AmountRealized & Unrealized Gains/(Losses) $17,948,495Realized & Unrealized $54,811,589Individuals $121,404,535
Third Highest Funding Source & Dollar AmountInvestment Income $10,701,664Investment Income $13,100,312Investment Income $13,534,112
Endowment? Yes
Endowment ValueHelpA legal definition of endowment applies (i.e. restricted assets or a supporting foundation). Rainy day funds are not included in endowment figures. $782,133,093
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 5 %
Credit Line? Yes
Reserve Fund? Yes
Tax Credits?HelpTax credits are a dollar-for-dollar reduction of tax owed offered by the state and/or federal government. Yes
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose The University of Oklahoma has impacted the lives of so many over the past 125 years. With it's call to be vanguards of the university's future, the OU Chant ends with the words, Live On, University! Watch as generations of OU graduates voice their love of OU and their belief in actively serving in the life of the university. The Live On, University Campaign support scholarships and fellowships students, honors and rewards great teachers, sustains programs that improve the health of our citizens and the vitality and quality of life of our communities, makes civic education an integral part of the college experience, preserves and maintains our cultural resources, and ensures students are prepared for the global community. Read more about the Campaign at http://www.ou.edu/content/liveon/initiatives.html.
Campaign Goal $0
Campaign Dates Sept 2014 to Sept 2016
Comments on Financials
Foundation Staff Comments
All prior year financial information is from audited financial statements.
 
Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year. 
Address 100 Timberdell Road
Norman, OK 73115 0685
Primary Phone 405 321-1174
Contact Email oufoundation@ou.edu
Website https://www.oufoundation.org/portal
Give with Credit Card https://www.oufoundation.org/OnlineGivingWeb/Giving/OnlineGiving/devmain
CEO/Executive Director Guy Patton
Board Chair Mr. Mike Samis
Board Chair Company Affiliation Samis Investments

 

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