Form 990 for tax year 2023
Filed by OHIO STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $348,297,593
- Total expenses
- $294,953,508
- Contributions and grants received
- $303,890,143
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $38,619,138
- Other revenue
- $5,788,312
- Total assets, end of year
- $1,952,395,539
- Total liabilities, end of year
- $62,973,037
- Net assets or fund balances, end of year
- $1,889,422,502
- Program services expenses (Part IX)
- $272,589,929
- Management and general expenses
- $22,363,579
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $272,589,929
Program services were 92.4% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$303,890,143
-
1g · Noncash contributions included above
$22,328,262
-
3 · Investment income
total $38,619,138 · related or exempt $38,619,138 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Income from irrevocable split-interest agreements
total $5,663,544 · related or exempt $5,663,544 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $124,768 · related or exempt $124,768 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$5,788,312
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $110,700 · program services $0 · management and general $110,700 · fundraising $0
-
9 · Other employee benefits
total $40,393 · program services $0 · management and general $40,393 · fundraising $0
-
11b · Fees: legal
total $26,188 · program services $0 · management and general $26,188 · fundraising $0
-
11c · Fees: accounting
total $85,440 · program services $0 · management and general $85,440 · fundraising $0
-
11f · Fees: investment management
total $21,786,300 · program services $0 · management and general $21,786,300
-
14 · Information technology
total $705 · program services $0 · management and general $705
-
24a · Other expenses: Distributions to The Ohio State University
total $272,589,929 · program services $272,589,929 · management and general $0 · fundraising $0
-
24b · Other expenses: Miscellaneous Expenses
total $313,853 · program services $0 · management and general $313,853 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $343,904 · end of year $257,804
-
3 · Pledges and grants receivable
beginning of year $264,769,955 · end of year $282,561,925
-
4 · Accounts receivable
end of year $4,215
-
10a · Land, buildings and equipment: cost or other basis
$3,550,000
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $3,550,000 · end of year $3,550,000
-
11 · Investments: publicly traded securities
beginning of year $728,969,534 · end of year $795,866,766
-
12 · Investments: other securities
beginning of year $759,357,801 · end of year $870,152,430
-
15 · Other assets
beginning of year $848 · end of year $2,399
-
17 · Accounts payable and accrued expenses
end of year $201,386
-
19 · Deferred revenue
beginning of year $10,591,769 · end of year $18,763,327
-
25 · Other liabilities
beginning of year $44,236,918 · end of year $44,008,324
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,702,163,355 · end of year $1,889,422,502
Mission and programs · 2023
Mission
The Foundation raises funds and manages endowments and planned gifts for the benefit of The Ohio State University.
Activities or mission (Part I)
The Ohio State University Foundation is The Ohio State University's primary fundraising and gift-receiving organization. Its purpose is to advance the mission of Ohio State by pursuing and securing private support to benefit Ohio State students, faculty, programs, and/or facilities.
-
Distributions to The Ohio State University.
Expenses $272,589,929
-
Not Applicable
As filed on the 2023 return.
Listed in Part VII
-
Jacinto Beard
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Joe Borgo
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Gay Su Pinnell
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
G Gilbert Cloyd
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Caryn Covelli
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Jack Cowart
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Tanny Crane
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Phyllis A Cummins
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
James F Dietz
Board of Directors and Officer
- Total calculated
- $0
- Hours/week
- 0.5
-
Elizabeth B Germain
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Bonita D Griffin
Board of Directors and Officer
- Total calculated
- $0
- Hours/week
- 0.5
-
Cynthia Hilsheimer
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Lisa Hinson
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Linda S Kass
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Maryann Kennedy
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Keith B Key
Board of Directors and Officer
- Total calculated
- $0
- Hours/week
- 0.5
-
Anne E Klamar
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
John C Lindberg
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Matthew D Magee
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Frank D Mauceri
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Stephen G Mehallis
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Stephen D Milligan
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Keith D Monda
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Nanette Nardi Triplett
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Jennifer J Ostenson
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Marnette Perry
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
W Ray Persons
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Carter G Phillips
Board of Directors and Officer
- Total calculated
- $0
- Hours/week
- 0.5
-
Corbett A Price
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Stanley D Ross
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Robert W Savage
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Robert H Schottenstein
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Lee Shackelford
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Georganne Shockey
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Timothy P Smucker
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Ratmir V Timashev
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Kara Trott
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Daniel J Wampler
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Gifford Weary
Board of Directors and Officer
- Total calculated
- $0
- Hours/week
- 0.5
-
Alec Wightman
Board of Directors
- Total calculated
- $0
- Hours/week
- 0.25
-
Molly Ranz Calhoun
Ex Officio Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Kristine G Devine
Ex Officio Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael C Eicher
Ex Officio Director and Officer
- Total calculated
- $0
- Hours/week
- 0.5
-
Melissa S Shivers
Ex Officio Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Peter J Mohler
Ex Officio Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Walter Ted Carter Jr
Ex Officio Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael Papadakis
Ex 0fficio Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Brittany Cvetanovich
Officer
- Total calculated
- $0
- Hours/week
- 0.25
-
Jake Wozniak
Officer
- Total calculated
- $0
- Hours/week
- 0.25
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.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Previous owner of real property located in Bexley, Ohio · OH · income $0 · assets $0
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510979349301236
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