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 https://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 $22,244,450.00
Projected Expenses $20,048,916.00
History and Background
Former Names
NameYear
None
Year Founded 1963
IRS Ruling Year 1963
State Registration Expiration Feb 2019
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.
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.  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. 

  • Area Served
    Area Served
    Geographic Area Served
    Internationally
    Oklahoma - Statewide

    State of Oklahoma, all 50 states, and over 100 countries

    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 Mr Jerry Winchester
    Company Affiliation Oklahoma Tourism and Recreation Department
    Term Sept 2019 to Sept 2020
    Board of Directors
    List Current as of Oct 23, 2018
    Board of Directors List
    NameAffiliationStatus
    Ms. Deborah AdamsRetiredVoting
    Mr. Mark AllenMaine Street HoldingsVoting
    Mrs. Blaire AtkinsonExofficio
    Mr. Bryan Begley1901 PartnersVoting
    Mr. Bryan CloseCloseBend Inc.Honorary
    Ms. Jan CloydeRetiredVoting
    Mr. Patrick CobbKolding Oil & Gas LLCVoting
    Ms. Ann DyerAccentureVoting
    Mr. Joe EastinISNetworldVoting
    Ms. Helen HodgesRobbins Geller Rudman & Dowd LLPVoting
    Mr. David HoustonVoting
    Mr. Gary HuneryagerEnable Midstream PartnersVoting
    Mr. A.J. JacquesAtlas Drilling LLCVoting
    Mr. Brett JamesonOrthoOklahomaVoting
    Mr. Kirk JewellOSU FoundationVoting
    Mr. Griff JonesTwin Eagle Resource ManagementVoting
    Mr. Robert KeatingVoting
    Mrs. Diana LaingAmerican Homes 4 RentVoting
    Mr. John LinehanRetiredHonorary
    Mr. Joe MartinStillwater Hospitality LLCVoting
    Mr. Ross McKnightRoMac Oil Company IncHonorary
    Mr. Bill PattersonVoting
    Ms. Jenelle SchatzDeloitte (Retired)Voting
    Mrs. Becky SteenCrossings Community ChurchVoting
    Mr. Terry StewartVoting
    Mr. Lyndon C. TaylorDevon Energy CorporationVoting
    Mr. Phil TerryCapstone Natural Resources IIVoting
    Mr. Jay WieseLiberated Partners LLCVoting
    Mr. Jerry WinchesterSeventy 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, 2018-June 30, 2019
    Current Year Budgeted Total Income $22,244,450
    Current Year Budgeted Total Expenses $20,048,916
    Financial Documents
    Audit2017
    Audit2016
    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 Year201720162015
    Total Revenue$215,088,520$70,560,938$113,313,911
    Total Expenses$130,560,133$90,963,647$79,270,795
    Revenue Less Expenses$84,528,387($20,402,709)$34,043,116
    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 Year201720162015
    Contributions$125,168,545$103,330,509$90,513,860
    Foundation and
    Corporation Contributions
    ------
    Government Contributions$0$0$0
    Federal------
    State------
    Local------
    Unspecified------
    Individual Contributions------
    $1,300,284$1,300,736$1,000,050
    $4,732,273$4,203,152$3,728,854
    Investment Income, Net of Losses$9,422,355$5,611,993$9,006,040
    Unrealized Gain/Loss$73,950,911($44,677,016)$7,537,376
    Membership Dues------
    Special Events$1,241,643$466,104$1,376,705
    Revenue In-Kind------
    Other($727,491)$325,460$151,026
    Expense Allocation
    Fiscal Year201720162015
    Program Expense$108,086,348$67,587,550$57,007,015
    Administration Expense$8,648,372$8,403,883$7,233,529
    Fundraising Expense$13,825,413$14,972,214$15,030,251
    Payments to Affiliates------
    Total Revenue/Total Expenses1.650.781.43
    Program Expense/Total Expenses83%74%72%
    Fundraising Expense/Contributed Revenue11%14%17%
    Assets and Liabilities
    Fiscal Year201720162015
    Total Assets$939,267,878$874,997,038$892,097,587
    Current Assets$7,611,997$4,940,793$3,531,815
    Long-Term Liabilities$3,480,000$21,556,706$23,315,392
    Current Liabilities$37,475,093$39,655,934$34,595,088
    Total Net Assets$898,312,785$813,784,398$834,187,107
    Solvency
    Short Term Solvency
    Fiscal Year201720162015
    Current Ratio: Current Assets/Current Liabilities0.200.120.10
    Long Term Solvency
    Fiscal Year201720162015
    Long-Term Liabilities/Total Assets0%2%3%
    Funding Sources
    Top Funding Sources
    Fiscal Year201720162015
    Top Funding Source & Dollar AmountContributions $125,168,454Contributions $103,330,509Contributions $90,513,860
    Second Highest Funding Source & Dollar AmountRealized & Unrealized Gains/(Losses) $73,950,911Investment Income $5,611,993Investment Income $9,006,040
    Third Highest Funding Source & Dollar AmountInvestment Income $9,422,355Earned Revenue $4,203,152Realized & Unrealized Gains/(Losses) $7,537,376
    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? No
    Campaign Purpose


    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 the IRS Form 990s.
     
    Note:  In fiscal year 2017, contribution pledges ($851,498) was written off per Schedule O.  It is included in the "Other" revenue section.
     
    Contributions may include foundations and corporations when the breakout was not available.
     
    The financial information presented is obtained from the following sources: IRS Form 990, independent audit reports, financial statements – board approved when available, and supplemental information from the organization. We do not warrant or guarantee the timeliness, errors or inaccuracies. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or interpretation by OCCF staff.
     
    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 https://www.OSUgiving.com
    CEO/Executive Director Kirk Jewell
    Board Chair Mr Jerry Winchester
    Board Chair Company Affiliation Oklahoma Tourism and Recreation Department