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← ORAU FOUNDATION

Form 990 for tax year 2024

Filed by ORAU FOUNDATION.

Totals

Total revenue
$4,885,638
Total expenses
$949,913
Contributions and grants received
$0
Grants paid
$421,566
Program service revenue
$0
Investment income
$4,885,638
Other revenue
$0
Total assets, end of year
$68,754,964
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$68,754,964
Program services expenses (Part IX)
$421,566
Management and general expenses
$528,347
Fundraising expenses
$0
Program service expenses (Part III)
$421,566

Program services were 44.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,077,792 · excluded $2,077,792

  • 7a · Gross sales of assets other than inventory

    securities $27,806,482

  • 7b · Less cost or other basis and sales expenses

    securities $24,998,636

  • 7c · Gain or loss

    securities $2,807,846

  • 7d · Net gain or loss

    total $2,807,846 · excluded $2,807,846

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $285,052 · program services $285,052

  • 2 · Grants to domestic individuals

    total $136,514 · program services $136,514

  • 7 · Other salaries and wages

    total $418 · management and general $418

  • 11a · Fees: management

    total $283,192 · management and general $283,192

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 11f · Fees: investment management

    total $112,728 · management and general $112,728

  • 17 · Travel

    total $14,009 · management and general $14,009

  • 24a · Other expenses: GA-OCS

    total $48,935 · management and general $48,935

  • 24b · Other expenses: OVERHEAD - OCS

    total $21,818 · management and general $21,818

  • 24c · Other expenses: MATERIALS & SUPPLIES

    total $21,737 · management and general $21,737

  • 24d · Other expenses: SITE SERVICES

    total $10,823 · management and general $10,823

  • 24e · All other expenses

    total $3,187 · management and general $3,187

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,271 · end of year $1,151

  • 11 · Investments: publicly traded securities

    beginning of year $64,324,150 · end of year $68,753,813

  • 27 · Net assets without donor restrictions

    beginning of year $64,325,421 · end of year $68,754,964

Mission and programs · 2024

Mission

THE ORAU FOUNDATION SUPPORTS OAK RIDGE ASSOCIATED UNIVERSITIES, INC. IN ITS MISSION TO FOCUS ON THE ADVANCEMENT OF SCIENTIFIC RESEARCH AND EDUCATION WHILE PROVIDING INNOVATIVE SOLUTIONS TO STRENGTHEN AND SECURE AMERICA.

Activities or mission (Part I)

PROMOTE HIGHER SCIENTIFIC EDUCATION.

  • POST GRADUATE AWARDS AND SCHOLARSHIPS: THESE GRANTS ARE FOR 25 JUNIOR FACULTY AWARDS AND 6 POLLARD SCHOLARSHIPS TO HELP PROMOTE HIGHER SCIENTIFIC AND MATH EDUCATION.

    Expenses $285,052 · Grants $285,052

  • THE ORAU-DIRECTED RESEARCH AND DEVELOPMENT (ODRD) PROGRAM SUPPORTS COLLABORATIVE, CROSS-CUTTING RESEARCH THAT ADVANCES SCIENTIFIC AND TECHNICAL CAPABILITIES ACROSS ORAU AND ITS MEMBER INSTITUTIONS. THROUGH PARTNERSHIPS BETWEEN ORAU RESEARCHERS AND CONSORTIUM UNIVERSITY FACULTY, THE PROGRAM PROMOTES INNOVATIVE PROJECTS THAT STRENGTHEN EXPERTISE, EXPAND RESEARCH CAPACITY, AND FOSTER NEW IDEAS AND TECHNOLOGIES. LED BY ORAU SUBJECT MATTER EXPERTS AND INFORMED BY THE STRENGTHS OF MEMBER UNIVERSITIES, ODRD PROJECTS CREATE VALUABLE COLLABORATION OPPORTUNITIES WHILE ENHANCING PARTICIPANTS' RESEARCH CAPABILITIES. PARTICIPATION IN ODRD IS A KEY BENEFIT OF ORAU CONSORTIUM MEMBERSHIP, GIVING INSTITUTIONS ACCESS TO COLLABORATIVE RESEARCH OPPORTUNITIES THAT DRIVE INNOVATION AND SHARED IMPACT.

    Expenses $136,514 · Grants $136,514

As filed on the 2024 return.

Listed in Part VII

  • Dr Deborah L Crawford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Rebekah K Hersch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Julie B Jordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr William C Harris

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Samuel S Visner

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Martin R Williamson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Rachel F Lokitz

    DIRECTOR

    Total calculated
    $452,644
    From this org
    $0
    From related orgs
    $420,444
    Other
    $32,200
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $328,367 related
    Bonus
    $0 + $92,077 related
    Other
    $0
    Deferred
    $0 + $32,200 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $452,644 related

  • Ashley C Stowe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Meghan F Millwood

    PRESIDENT

    Total calculated
    $406,961
    From this org
    $0
    From related orgs
    $362,911
    Other
    $44,050
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $281,911 related
    Bonus
    $0 + $81,000 related
    Other
    $0
    Deferred
    $0 + $28,146 related
    Nontaxable benefits
    $0 + $15,904 related
    Filer's total
    $0 + $406,961 related

  • J Phil Andrews

    TREASURER / SECRETARY

    Total calculated
    $478,426
    From this org
    $24,818
    From related orgs
    $407,693
    Other
    $45,915
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $24,818 + $307,543 related
    Bonus
    $0 + $100,150 related
    Other
    $0
    Deferred
    $0 + $30,801 related
    Nontaxable benefits
    $0 + $15,114 related
    Filer's total
    $24,818 + $453,608 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
HARRY ANDERSON PAGE $25,000
PART I, LINE 7
SATISFACTION OF GOALS

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
4 August 2026
IRS schema version
2024v5.5
Source object
202612199349300406

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