← BOWLING GREEN STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by BOWLING GREEN STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue: $52,670,986
Total expenses: $37,478,620
Contributions and grants received: $33,635,749
Grants paid: $23,582,553
Program service revenue: $222,419
Investment income: $18,646,656
Other revenue: $166,162
Total assets, end of year: $352,399,822
Total liabilities, end of year: $3,017,455
Net assets or fund balances, end of year: $349,382,367
Program services expenses (Part IX): $30,520,044
Management and general expenses: $3,724,754
Fundraising expenses: $3,233,822
Program service expenses (Part III): $30,520,044

Program services were 81.4% 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

$239,444
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$33,396,305
1g · Noncash contributions included above

$2,484,681
2a · Program service revenue: PROGRAM DEVELOPMENT

total $222,419 · related or exempt $222,419 · unrelated business $0 · excluded $0
2b · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $6,652,162 · related or exempt $0 · unrelated business $847,511 · excluded $5,804,651
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
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0
7a · Gross sales of assets other than inventory

securities $63,816,087 · other assets $0
7b · Less cost or other basis and sales expenses

securities $51,821,593 · other assets $0
7c · Gain or loss

securities $11,994,494 · other assets $0
7d · Net gain or loss

total $11,994,494 · related or exempt $0 · unrelated business $0 · excluded $11,994,494
8a · Fundraising events: gross income

$302,224
8a · Fundraising events: contributions included on line 1c

$239,444
8b · Fundraising events: direct expenses

$136,062
8c · Net income from fundraising events

total $166,162 · unrelated business $0 · excluded $166,162
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $8,081,256 · program services $8,081,256
2 · Grants to domestic individuals

total $15,501,297 · program services $15,501,297
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $27,000 · program services $0 · management and general $27,000 · fundraising $0
11c · Fees: accounting

total $42,597 · program services $0 · management and general $42,597 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $557,829 · program services $199,638 · management and general $356,661 · fundraising $1,530
12 · Advertising and promotion

total $124,290 · program services $69,860 · management and general $13,450 · fundraising $40,980
13 · Office expenses

total $916,600 · program services $637,026 · management and general $106,033 · fundraising $173,541
14 · Information technology

total $924,368 · program services $254,811 · management and general $669,552 · fundraising $5
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $614,771 · program services $593,643 · management and general $3,002 · fundraising $18,126
17 · Travel

total $1,157,477 · program services $926,631 · management and general $139,673 · fundraising $91,173
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $89,743 · program services $73,582 · management and general $13,225 · fundraising $2,936
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $120,962 · program services $114,659 · management and general $6,303 · fundraising $0
24a · Other expenses: UNIVERSITY PROGRAMMING

total $7,755,582 · program services $3,587,005 · management and general $1,337,227 · fundraising $2,831,350
24b · Other expenses: STEWARDSHIP EVENTS

total $1,095,217 · program services $106,359 · management and general $933,163 · fundraising $55,695
24c · Other expenses: FEES/DUES/SUBSCRIPTIONS/ETC

total $283,437 · program services $251,470 · management and general $20,587 · fundraising $11,380
24d · Other expenses: OTHER EXPENSES

total $186,194 · program services $122,807 · management and general $56,281 · fundraising $7,106
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,501,216 · end of year $1,986,261
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $10,806,102 · end of year $14,019,245
4 · Accounts receivable

beginning of year $295,039 · end of year $513,522
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $129,242 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $261,562,068 · end of year $286,367,951
12 · Investments: other securities

beginning of year $41,458,618 · end of year $46,273,008
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $3,182,645 · end of year $3,239,835
17 · Accounts payable and accrued expenses

beginning of year $821,948 · end of year $666,893
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $2,390,520 · end of year $2,350,562
27 · Net assets without donor restrictions

beginning of year $33,159,743 · end of year $41,704,705
28 · Net assets with donor restrictions

beginning of year $283,562,719 · end of year $307,677,662
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 $0 · end of year $0

Mission and programs · 2024

Mission

THE BOWLING GREEN STATE UNIVERSITY FOUNDATION SUPPORTS THE MISSION, VISION, AND STRATEGIC PLANNING OF BOWLING GREEN STATE UNIVERSITY BY: 1) INSPIRING ALUMNI, FRIENDS, STUDENTS, FACULTY, AND STAFF TO BE DONORS AND ASSISTING IN THE COLLECTION OF PHILANTHROPIC RESOURCES FOR THE BENEFIT OF THE UNIVERSITY. 2) UTILIZING ALL AVAILABLE RESOURCES FOR THE BETTERMENT OF THE UNIVERSITY, CONSISTENT WITH THE GOALS AND INTENTION OF ITS DONORS. 3) PROVIDING DONORS WITH OPPORTUNITIES TO WITNESS AND EXPERIENCE THE IMPACT OF THEIR PHILANTHROPY.

Activities or mission (Part I)

THE BOWLING GREEN STATE UNIVERSITY FOUNDATION SUPPORTS BOWLING GREEN STATE UNIVERSITY BY RECEIVING, INVESTING AND STEWARDING PRIVATE GIFTS, AND BY ENCOURAGING PROSPECTIVE DONORS TO GIVE.

THE BGSU FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT THAT ALLOWS THE BOWLING GREEN STATE UNIVERSITY TO MOVE FORWARD WITH CAPITAL PROJECTS AND IMPROVEMENTS THAT ENHANCE THE CAMPUS COMMUNITY WITH LEARNING, DISCOVERY AND ENGAGEMENT.

Expenses $15,501,297 · Grants $15,501,297 · Revenue $222,419
PROVIDING SCHOLARSHIPS AND AWARDS IS A CRITICAL PART OF THE BGSU FOUNDATION, INC. THE FOUNDATION SUPPORTS BOWLING GREEN STATE UNIVERSITY THROUGH ITS COMMITMENT TO ACCESS, AFFORDABILITY AND OPPORTUNITY. SCHOLARSHIPS AND AWARDS ARE GRANTED BASED ON DEFINED GUIDELINES AND PREREQUISITES.

Expenses $8,081,256 · Grants $8,081,256
THE BGSU FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT TO ACADEMIC AND ADMINISTRATIVE DEPARTMENTS OF BOWLING GREEN STATE UNIVERSITY THAT ADVANCE THE STRATEGIC PLAN OF THE UNIVERSITY AND THE UNIVERSITY'S MISSION TO FOSTER ENGAGED CITIZENSHIP, GLOBAL LEADERSHIP AND CAREER PREPAREDNESS.

Expenses $6,937,491

As filed on the 2024 return.

Listed in Part VII

C Ray MullinsC RAY MULLINS

DIRECTOR, BOARD CHAIR

Total calculated

$0

Hours/week

1
Emanuele ContiEMANUELE CONTI

DIRECTOR, IMMEDIATE PAST CHAIR

Total calculated

$0

Hours/week

1
Mary Beth PateMARY BETH PATE

DIRECTOR, BOARD CHAIR-ELECT

Total calculated

$0

Hours/week

1
Pamela J ConlinPAMELA J CONLIN

DIRECTOR, BGSU FOUNDATION PRESIDENT & CEO

Total calculated

$413,513

From this org

$0

From related orgs

$334,968

Other

$78,545

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$0 + $327,225 related

Bonus

$0

Other

$0 + $7,743 related

Deferred

$0 + $46,339 related

Nontaxable benefits

$0 + $32,206 related

Filer's total

$0 + $413,513 related
Valerie NewellVALERIE NEWELL

DIRECTOR, TREASURER

Total calculated

$0

Hours/week

1
Alex BarclayALEX BARCLAY

DIRECTOR

Total calculated

$0

Hours/week

1
Anthony RucciANTHONY RUCCI

DIRECTOR

Total calculated

$0

Hours/week

1
Arthur TuttleARTHUR TUTTLE

DIRECTOR

Total calculated

$0

Hours/week

1
Bonnie SandmanBONNIE SANDMAN

DIRECTOR

Total calculated

$0

Hours/week

1
C Raymond MarvinC RAYMOND MARVIN

DIRECTOR

Total calculated

$0

Hours/week

1
Carol WareCAROL WARE

DIRECTOR

Total calculated

$0

Hours/week

1
Craig AndersonCRAIG ANDERSON

DIRECTOR

Total calculated

$0

Hours/week

1
Dalynn BadenhopDALYNN BADENHOP

DIRECTOR

Total calculated

$0

Hours/week

1
David LeveyDAVID LEVEY

DIRECTOR

Total calculated

$0

Hours/week

1
Gary BenzGARY BENZ

DIRECTOR

Total calculated

$0

Hours/week

1
Gregory ForteGREGORY FORTE

DIRECTOR

Total calculated

$0

Hours/week

1
Holly HornHOLLY HORN

DIRECTOR

Total calculated

$0

Hours/week

1
James AdamsJAMES ADAMS

DIRECTOR

Total calculated

$0

Hours/week

1
Jeanne HogarthJEANNE HOGARTH

DIRECTOR

Total calculated

$0

Hours/week

1
Jessica Miller-BlakelyJESSICA MILLER-BLAKELY

DIRECTOR

Total calculated

$0

Hours/week

1
John GawaluckJOHN GAWALUCK

DIRECTOR

Total calculated

$0

Hours/week

1
John RiedlJOHN RIEDL

DIRECTOR

Total calculated

$0

Hours/week

1
Judith SommersJUDITH SOMMERS

DIRECTOR

Total calculated

$0

Hours/week

1
Julieann BrandleJULIEANN BRANDLE

DIRECTOR

Total calculated

$0

Hours/week

1
Justus RobertsJUSTUS ROBERTS

DIRECTOR

Total calculated

$0

Hours/week

1
Karla JonesKARLA JONES

DIRECTOR

Total calculated

$0

Hours/week

1
Keith GrassKEITH GRASS

DIRECTOR

Total calculated

$0

Hours/week

1
Marcele StifflerMARCELE STIFFLER

DIRECTOR

Total calculated

$0

Hours/week

1
Marcia FossMARCIA FOSS

DIRECTOR

Total calculated

$0

Hours/week

1
Michael KuhlinMICHAEL KUHLIN

DIRECTOR

Total calculated

$0

Hours/week

1
Michael WinnerMICHAEL WINNER

DIRECTOR

Total calculated

$0

Hours/week

1
Ravi KandikondaRAVI KANDIKONDA

DIRECTOR

Total calculated

$0

Hours/week

1
Richard MooreRICHARD MOORE

DIRECTOR

Total calculated

$0

Hours/week

1
Rodney K RogersRODNEY K ROGERS

DIRECTOR, BGSU PRESIDENT

Total calculated

$910,102

From this org

$0

From related orgs

$607,488

Other

$302,614

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $526,144 related

Bonus

$0 + $79,000 related

Other

$0 + $2,344 related

Deferred

$0 + $288,861 related

Nontaxable benefits

$0 + $13,753 related

Filer's total

$0 + $910,102 related
Shirley CarlsonSHIRLEY CARLSON

DIRECTOR

Total calculated

$0

Hours/week

1
Spencer SeamanSPENCER SEAMAN

DIRECTOR

Total calculated

$0

Hours/week

1
Teresa BairTERESA BAIR

DIRECTOR

Total calculated

$0

Hours/week

1
Sherideen StollSHERIDEEN STOLL

BGSU VP FINANCE & ADMININSTRATION/CFO

Total calculated

$430,880

From this org

$0

From related orgs

$353,518

Other

$77,362

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $352,924 related

Bonus

$0

Other

$0 + $594 related

Deferred

$0 + $49,925 related

Nontaxable benefits

$0 + $27,437 related

Filer's total

$0 + $430,880 related
Adrea Nicole SpoonADREA NICOLE SPOON

AVP, ALUMNI ENG & ANNUAL GIVING

Total calculated

$178,626

From this org

$0

From related orgs

$133,395

Other

$45,231

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$0 + $133,260 related

Bonus

$0

Other

$0 + $135 related

Deferred

$0 + $19,566 related

Nontaxable benefits

$0 + $25,665 related

Filer's total

$0 + $178,626 related
Anne Marie Bliley-EsterANNE MARIE BLILEY-ESTER

AVP, DEVELOPMENT

Total calculated

$232,590

From this org

$0

From related orgs

$176,432

Other

$56,158

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$0 + $175,742 related

Bonus

$0

Other

$0 + $690 related

Deferred

$0 + $25,452 related

Nontaxable benefits

$0 + $30,706 related

Filer's total

$0 + $232,590 related
Jeremy BallJEREMY BALL

AVP OF ADVANCEMENT SERVICES

Total calculated

$231,839

From this org

$0

From related orgs

$166,098

Other

$65,741

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$0 + $165,363 related

Bonus

$0

Other

$0 + $735 related

Deferred

$0 + $24,639 related

Nontaxable benefits

$0 + $41,102 related

Filer's total

$0 + $231,839 related
Jordan CravensJORDAN CRAVENS

SENIOR DIRECTOR OF DEVELOPMENT

Total calculated

$146,440

From this org

$0

From related orgs

$113,013

Other

$33,427

Hours/week

40
Laura MooreLAURA MOORE

EXEC DIR, DONOR RELATIONS & STEWARDSHIP

Total calculated

$150,862

From this org

$0

From related orgs

$117,997

Other

$32,865

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$0 + $116,228 related

Bonus

$0 + $575 related

Other

$0 + $1,194 related

Deferred

$0 + $16,791 related

Nontaxable benefits

$0 + $16,074 related

Filer's total

$0 + $150,862 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

4b · Supplemental nonqualified retirement plan

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
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: THE TOP MANAGEMENT OFFICIAL OF THE FOUNDATION IS EMPLOYED BY THE UNIVERSITY AND THEREFORE THE UNIVERSITY ESTABLISHES THE COMPENSATION FOR THAT INDIVIDUAL.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: DR. RODNEY ROGERS, UNIVERSITY PRESIDENT, PARTICIPATES IN BOWLING GREEN STATE UNIVERSITY'S NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT OR SECTION 457(F) PLAN. AT THE END OF EACH CONTRACT YEAR COMMENCING ON JANUARY 1, 2018 AND ENDING WITH THE CONTRACT YEAR COMMENCING ON JUNE 30, 2023 AND AS EXTENDED THROUGH JUNE 30, 2028 PER RESOLUTION OF THE BOARD OF TRUSTEES, AN AMOUNT EQUAL TO A PERCENTAGE, AS DETERMINED BY THE BOARD OF TRUSTEES, OF DR. ROGERS' BASE SALARY WILL BE CONTRIBUTED TO THE DEFERRED COMPENSATION ACCOUNT IN ADDITION TO ANY OTHER AMOUNTS APPROVED BY THE BOARD OF TRUSTEES. IF ROGERS IS TERMINATED DURING A CONTRACT YEAR, ROGERS' ACCOUNT SHALL BE CREDITED WITH AN AMOUNT EQUAL TO TWENTY PERCENT (20%) OF ROGERS' BASE SALARY FOR SUCH CONTRACT YEAR, DIVIDED BY TWELVE (12) AND MULTIPLIED BY THE NUMBER OF MONTHS OF THE CONTRACT YEAR THAT ROGERS WAS EMPLOYED AS THE BGSU PRESIDENT ON THE LAST DAY OF THE MONTH. CALENDAR YEAR 2024 DEFERRAL AMOUNT = $213,113

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

BOWLING GREEN STATE UNIVERSITY

$7,521,336

TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSE
BGSU ALUMNI ASSOCIATION

$150,000

TO SUPPORT THE ALUMNI ASSOCIATION'S EXEMPT PURPOSE

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.

BOWLING GREEN STATE UNIVERSITY

EDUCATION · OH

Directly controlled by NA

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.

BOWLING GREEN STATE UNIV FOUNDATION LLC

REAL ESTATE MANAGEMENT · OH · income $0 · assets $0

Directly controlled by BGSU FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CHARITABLE REMAINDER TRUSTS

Trust · INVESTMENT · OH · controlled entity

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 9 March 2026
IRS schema version: 2024v5.1
Source object: 202620689349301227

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