Oklahoma State University Foundation
PO Box 1749
Stillwater OK 74076-1749
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
OSU Foundation
Mission Statement Uniting donor and university passions and priorities to achieve excellence.
Contact Information
Contact Name Kirk Jewell
Contact email info@osugiving.com
Address PO Box 1749
Stillwater, OK 74076 1749
Phone (800) 622-4678
Fax 405-3855176
County Payne
Alternate Address 400 S. Monroe
Stillwater OK 74074
Alternate Phone 405 385-5100
How to Give
Donate with Credit Card http://www.OSUgiving.com
Other ways to donate, support or volunteer
Mail donations to:
Oklahoma State University Foundation
P.O. Box 1749
Stillwater, OK 74076-1749
 
For other inquiries regarding in-kind donations, volunteering or planned giving, please call the main number and we will redirect you to a specialist in the area of your greatest interest at 405-385-5100.
Financial Summary
 
 
Projected Revenue $24,398,953.00
Projected Expenses $20,125,014.00
History and Background
Former Names
NameYear
None
Year Founded 1963
IRS Ruling Year 1963
State Registration Expiration Dec 2015
Statements
Mission Uniting donor and university passions and priorities to achieve excellence.
Background Organized in 1961, the OSU Foundation has been designated by the Oklahoma State University Board of Regents as the University's official fund raising agency. The Foundation is a not-for-profit corporation organized under the General Corporation Act of the State of Oklahoma. The Foundation has qualified as a tax exempt organization under Section 501(c)(3) of the IRC of 1954, as amended. Gifts made to the Foundation are deductible as charitable contributions under Section 170 of the Internal Revenue Code.
Impact
With Branding Success, Oklahoma State University is
accelerating toward breakthroughs critically important to Oklahoma and the world. This billion-dollar campaign will:
•Secure an unprecedented level of student scholarship support, inviting every able student to dream big, work hard and exceed expectations through life-changing opportunities.
•More than double the number of endowed professorships and chairs, securing OSU's ability to retain and recruit the world's prized faculty and teachers.
•Equip students and faculty with advanced facilities essential to community-building and discovery in the 21st century, including an updated, expanded home for the Spears School of Business and an improved, renovated Student Union.
•Invest in academic excellence with innovative, interdisciplinary programs that make the most of OSU's considerable strengths.

 

On April 24, 2013, OSU surpassed its $1 billion campaign nearly two years ahead of schedule. However, with a number of priority projects still to be funded, Branding Success: The Campaign for Oklahoma State University will continue through its scheduled completion date of Dec. 31, 2014.

On April 1, 2013, OSU surpassed its $1 billion campaign nearly two years ahead of schedule. However, with a number of priority projects still to be funded, Branding Success: The Campaign for Oklahoma State University will continue through its scheduled completion date of Dec. 31, 2014.


 

Needs
It is an understatement to say the needs of our students, faculty, facilities and programs are at an all-time high. Even greater – their ability to have immediate impact on our world at this moment is also at an all-time high.
 
  • State funding continues to decrease, totaling only 25.3% of OSU’s annual budget. Students face not only rising tuition, but also increased costs for books, fees, room and board.
  • Average combined income (in Oklahoma) is approximately $41,000.
  • A historic number of OSU students are applying for
    financial aid.
  • Approximately 4,000 current OSU students are receiving no financial support from their families.
  • 83% of the OSU student population receives some type of financial assistance.
  • Average student loan debt for undergrads last year
    exceeded $19,000, exceeding $21,000 for nonresident undergraduates.
  • OSU students received in excess of $221 million in
    financial aid, grants and loans last year.
  • Federal and state aid comprised 32% of all dollars
    awarded.
  • Institutional aid comprised 58% of all dollars awarded.
  • Student and parent loans comprised 43% of all dollars awarded.
  • Community college’s relative lower cost has forced
    families to make college choices based on cost rather than value.

    The support of our private donors is greatly needed and greatly appreciated. 

  • CEO/Executive Director Statement What an incredible, transformational time it is at OSU!

    We are very excited about "Branding Success, The Campaign For Oklahoma State University." This is the perfect time for you to find your passion at OSU and invest in it.

    “Uniting donor and university passions and priorities to achieve excellence”

    This is our mission statement. It belongs to all of the men and women who work at Oklahoma State University Foundation and to our Trustees and Governors.

    We believe when a person invests in their passion(s) and are able to see the results, it is an incredibly rewarding experience.

    What is your passion?  Science?  The Arts?  Entrepreneurship?  OSU has world-class programs in which you can invest to create impact.  Do scholarships interest you . . . helping young people achieve their potential?  We have needs and opportunities to help quality students every day.

    It is my hope that we can help you find your passion at OSU in a way that creates excitement when you support the educational priorities at Oklahoma State University. This is our goal.

    Welcome to the possibilities you will uncover as you invest in your passion at Oklahoma State University.

    Best wishes,

    Kirk A. Jewell
    President and CEO
    Area Served
    Area Served
    Geographic Area Served
    Internationally
    Oklahoma - Statewide

    State of Oklahoma and all around the world.

    Service Categories
    Secondary Organizational Category Education/Single Organization Support
    Programs
    Description The overall mission of the OSU Foundation is to secure and manage private support for Oklahoma State University.

    The Foundation exists to support the university in its mission to provide its students with exceptional academic experiences, to conduct scholarly research and other creative activities that advance fundamental knowledge, and to disseminate knowledge to the people of Oklahoma and the world.

    Strategy
    Population Served General/Unspecified
    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. During fiscal year 2008, gift income for the OSU Foundation was in excess of $248 million.
    CEO/Executive Director
    CEO/Executive Director Kirk Jewell
    Start Date Sept 2003
    Email kjewell@osugiving.com
    Experience Kirk A. Jewell, chief executive officer of the Foundation directs the organization's operation under the policies established by a 27-member Board of Trustees. Chosen because of their professional expertise and support of the University, the Trustees occupy a fiduciary relationship with the corporation. The Trustees are elected for three-year terms and serve without compensation.
    Senior Staff
    NameTitle
    Jimmy AldridgeAssociate VP of Information Systems
    Susan AndersonDirector of Events
    Blaire AtkinsonSr. Associate VP of Development Services
    Robyn BakerVice President, General Council & Corporate Secretary
    Chris CampbellSenior Director of Prospect Development
    Shane CrawfordAssociate Vice President for Development (Oklahoma City)
    Brandy HustonSr. Director of Gift Administration
    Donna KoeppeVice President of Administration
    Stephen MasonVice President of Corporate and Foundation Relations
    David MaysSr. Associate VP of Gift Planning
    Ryan TidwellDirector of Investments
    Paula VoylesSenior Associate VP of Constituency Programs
    Staff
    Number of Full-time Staff 137
    Number of Part-time Staff 28
    Number of Contract Staff 3
    Number of Volunteers 0
    Staff Retention Rate 90
    Are professional development opportunities provided? Yes
    Does CEO/Executive Director have formal evaluations? Yes
    Management reports to board? Yes
    Staff Demographics - Gender
    Male 48
    Female 89
    Organizational Plans
    Fundraising Plan Yes
    Policy against commission-based compensation for fundraising consultant Yes
    Communication Plan Yes
    Strategic Plan Yes
    Number of Years Strategic Plan Considers 5
    Date Strategic Plan Adopted June 2013
    Management Succession Plan Yes
    Organization Policies and Procedures Yes
    Board Chair
    Name Mrs Jennifer Grigsby
    Company Affiliation Ascent Resources LLC
    Term Oct 2013 to Oct 2017
    Board of Directors
    List Current as of Oct 08, 2016
    Board of Directors List
    NameAffiliationStatus
    Ms. Deborah Adams RetiredVoting
    Mr. Mark Allen Maine Street HoldingsVoting
    Mr. Chris Batchelder OSU Alumni AssociationExofficio
    Mr. Bryan Begley 1901 PartnersVoting
    Mr. Jerry D. Clack One Warren PlaceVoting
    Mr. Bryan Close CloseBend Inc.Honorary
    Ms. Jan Cloyde RetiredVoting
    Mr. Patrick Cobb Kolding Oil & Gas LLCVoting
    Mr. Joe Eastin ISNetworldVoting
    Mrs. Jennifer Grigsby Ascent Resources LLCVoting
    Mr. John Groendyke Groendyke Transport Inc.Voting
    Ms. Helen Hodges Robbins Geller Rudman & Dowd LLPVoting
    Mr. David Houston Houston FinancialVoting
    Mr. Gary Huneryager Enable Midstream PartnersVoting
    Mr. A.J. Jacques Atlas Drilling LLCVoting
    Mr. Kirk Jewell OSU FoundationVoting
    Mr. Steven Jorns RetiredVoting
    Mr. David Kyle RetiredVoting
    Mrs. Diana Laing American Homes 4 RentVoting
    Mr. John Linehan RetiredHonorary
    Mr. Joe Martin Stillwater Hospitality LLCVoting
    Mr. Ross McKnight RoMac Oil Company IncHonorary
    Mr. Bill Patterson Denton PublishingVoting
    Mrs. Becky Steen Crossings Community ChurchVoting
    Mr. Lyndon C. Taylor Devon Energy CorporationVoting
    Mr. Phil Terry Capstone Natural Resources IIVoting
    Mr. Stephen Tuttle RetiredVoting
    Mr. Jay Wiese Liberated Partners LLCVoting
    Mr. Jerry Winchesterq Seventy Seven EnergyVoting
    Board Demographics - Gender
    Male 23
    Female 6
    Standing Committees
    Audit
    Audit, Compliance and Controls
    Board Governance
    Donor Services
    Executive
    Finance
    Investment
    Comments on Board & Governance
    CEO/Executive Director/Board Comments RetirMr. Ms.
    Current Fiscal Year
    Fiscal Year July 01, 2016-June 30, 2017
    Current Year Budgeted Total Income $24,398,953
    Current Year Budgeted Total Expenses $20,125,014
    Financial Documents
    Audit2015
    Audit2014
    Audit2013
    Audit2012
    Audit2011
    Audit2010
    Audit2009
    IRS Letter of Determination
    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 Year201520142013
    Total Revenue$120,530,127$194,848,050$194,422,468
    Total Expenses$78,212,819$93,237,948$85,597,518
    Revenue Less Expenses$42,317,308$101,610,102$108,824,950
    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 Year201520142013
    Foundation and
    Corporation Contributions
    ------
    Government Contributions$0$0$0
    Federal------
    State------
    Local------
    Unspecified------
    Individual Contributions$90,465,057$85,088,307$106,735,612
    ------
    $3,656,682$3,959,843$2,849,898
    Investment Income, Net of Losses$5,546,392$10,123,290$6,988,848
    Unrealized Gain/Loss$19,463,528$93,725,067$76,107,163
    Membership Dues------
    Special Events------
    Revenue In-Kind------
    Other$1,398,468$1,951,543$1,740,885
    Expense Allocation
    Fiscal Year201520142013
    Program Expense$57,982,054$74,597,341$68,726,271
    Administration Expense$5,200,514$5,849,507$5,229,618
    Fundraising Expense$15,030,251$12,791,100$11,641,629
    Payments to Affiliates------
    Total Revenue/Total Expenses1.542.092.27
    Program Expense/Total Expenses74%80%80%
    Fundraising Expense/Contributed Revenue17%15%11%
    Assets and Liabilities
    Fiscal Year201520142013
    Total Assets$971,181,707$930,725,845$836,658,627
    Current Assets$3,518,008$6,337,225$4,186,135
    Long-Term Liabilities$53,218,492$54,839,724$56,066,735
    Current Liabilities$4,691,988$4,932,202$11,248,075
    Total Net Assets$913,271,227$870,953,919$769,343,817
    Solvency
    Short Term Solvency
    Fiscal Year201520142013
    Current Ratio: Current Assets/Current Liabilities0.751.280.37
    Long Term Solvency
    Fiscal Year201520142013
    Long-Term Liabilities/Total Assets5%6%7%
    Funding Sources
    Top Funding Sources
    Fiscal Year201520142013
    Top Funding Source & Dollar AmountIndividuals $90,465,057Realized & Unrealized Gains $93,725,067Individuals $106,735,612
    Second Highest Funding Source & Dollar AmountRealized & Unrealized Gains/(Losses) $19,463,528Individuals $85,088,307Realized & Unrealized Gains $76,107,163
    Third Highest Funding Source & Dollar AmountInvestment Income $5,546,392Investment Income $10,123,290Investment Income $6,988,848
    Endowment? Yes
    Endowment Spending Policy Percentage
    Endowment Spending Policy Percentage (if selected) 5 %
    Credit Line? No
    Reserve Fund? Yes
    Capital Campaign
    Currently in a Capital Campaign? Yes
    Campaign Purpose With Branding Success, Oklahoma State University is accelerating toward breakthroughs critically important to Oklahoma and the world. This billion-dollar campaign will: •Secure an unprecedented level of student scholarship support, inviting every able student to dream big, work hard and exceed expectations through life-changing opportunities. •More than double the number of endowed professorships and chairs, securing OSU's ability to retain and recruit the world's prized faculty and teachers. •Equip students and faculty with advanced facilities essential to community-building and discovery in the 21st century, including an updated, expanded home for the Spears School of Business and an improved, renovated Student Union. •Invest in academic excellence with innovative, interdisciplinary programs that make the most of OSU's considerable strengths.
    Campaign Goal $1,000,000,000
    Campaign Dates Dec 2007 to Dec 2014
    Amount Raised To Date $1,200,000,000 as of Dec 2014
    Capital Campaign Anticipated in Next Five Years? No
    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 PO Box 1749
    Stillwater, OK 74076 1749
    Primary Phone 800 622-4678
    Contact Email info@osugiving.com
    Give with Credit Card http://www.OSUgiving.com
    CEO/Executive Director Kirk Jewell
    Board Chair Mrs Jennifer Grigsby
    Board Chair Company Affiliation Ascent Resources LLC