Form 990 for tax year 2024
Filed by PORTLAND STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $35,260,124
- Total expenses
- $30,889,959
- Contributions and grants received
- $22,263,516
- Grants paid
- $19,529,615
- Program service revenue
- $6,651,019
- Investment income
- $6,448,616
- Other revenue
- -$103,027
- Total assets, end of year
- $210,245,931
- Total liabilities, end of year
- $9,078,225
- Net assets or fund balances, end of year
- $201,167,706
- Program services expenses (Part IX)
- $20,331,417
- Management and general expenses
- $4,395,329
- Fundraising expenses
- $6,163,213
- Program service expenses (Part III)
- $20,331,417
Program services were 65.8% 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.
-
1c · Fundraising events
$287,880
-
1e · Government grants (contributions)
$56,730
-
1f · All other contributions, gifts and grants
$21,918,906
-
1g · Noncash contributions included above
$1,386,846
-
2a · Program service revenue: CONTRACT SERVICE REVEN
total $6,502,936 · related or exempt $6,502,936
-
2b · Program service revenue: OTHER PROGRAM SERVICE
total $148,083 · related or exempt $148,083
-
3 · Investment income
total $4,136,910 · unrelated business $5,954 · excluded $4,130,956
-
7a · Gross sales of assets other than inventory
securities $29,887,721
-
7b · Less cost or other basis and sales expenses
securities $27,576,015
-
7c · Gain or loss
securities $2,311,706
-
7d · Net gain or loss
total $2,311,706 · excluded $2,311,706
-
8a · Fundraising events: gross income
$85,880
-
8a · Fundraising events: contributions included on line 1c
$287,880
-
8b · Fundraising events: direct expenses
$191,979
-
8c · Net income from fundraising events
total -$106,099 · excluded -$106,099
-
9a · Gaming: gross income
$6,513
-
9b · Gaming: direct expenses
$3,441
-
9c · Net income from gaming
total $3,072 · excluded $3,072
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $19,529,615 · program services $19,529,615
-
5 · Compensation of officers, directors and key employees
total $1,095,120 · management and general $872,622 · fundraising $222,498
-
7 · Other salaries and wages
total $5,462,635 · program services $491,919 · management and general $1,371,468 · fundraising $3,599,248
-
8 · Pension plan contributions
total $575,367 · program services $49,011 · management and general $216,767 · fundraising $309,589
-
9 · Other employee benefits
total $954,931 · program services $88,420 · management and general $291,839 · fundraising $574,672
-
10 · Payroll taxes
total $617,277 · program services $51,172 · management and general $204,380 · fundraising $361,725
-
11b · Fees: legal
total $100,838 · management and general $95,693 · fundraising $5,145
-
11c · Fees: accounting
total $158,091 · management and general $158,091
-
11d · Fees: lobbying
total $27,624 · program services $15,967 · management and general $2,525 · fundraising $9,132
-
11f · Fees: investment management
total $320,828 · management and general $320,828
-
11g · Fees: other
total $386,499 · program services $178 · management and general $364,402 · fundraising $21,919
-
12 · Advertising and promotion
total $90,537 · program services $14,671 · management and general $70,462 · fundraising $5,404
-
13 · Office expenses
total $180,798 · program services $7,165 · management and general $81,603 · fundraising $92,030
-
14 · Information technology
total $721,469 · program services $5,900 · management and general $175,740 · fundraising $539,829
-
16 · Occupancy
total $6,919 · program services $4,805 · management and general $921 · fundraising $1,193
-
17 · Travel
total $34,304 · program services $6,659 · management and general $11,150 · fundraising $16,495
-
19 · Conferences, conventions and meetings
total $173,847 · program services $1,263 · management and general $42,047 · fundraising $130,537
-
22 · Depreciation, depletion and amortization
total $43,738 · management and general $15,544 · fundraising $28,194
-
23 · Insurance
total $32,240 · management and general $11,039 · fundraising $21,201
-
24a · Other expenses: CULTIVATION/STEWARDSHIP
total $157,807 · program services $1,273 · management and general $55,819 · fundraising $100,715
-
24b · Other expenses: STAFF DEVELOPMENT
total $155,032 · management and general $31,536 · fundraising $123,496
-
24c · Other expenses: ALUMNI ENGAGEMENT
total $64,443 · program services $63,399 · management and general $853 · fundraising $191
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $520 · end of year $280
-
2 · Savings and temporary cash investments
beginning of year $6,290,086 · end of year $9,173,723
-
3 · Pledges and grants receivable
beginning of year $27,535,900 · end of year $23,661,356
-
4 · Accounts receivable
beginning of year $87,152 · end of year $45,100
-
9 · Prepaid expenses and deferred charges
beginning of year $322,662 · end of year $337,805
-
10a · Land, buildings and equipment: cost or other basis
$1,802,278
-
10b · Land, buildings and equipment: accumulated depreciation
$1,772,171
-
10c · Land, buildings and equipment, net
beginning of year $55,666 · end of year $30,107
-
11 · Investments: publicly traded securities
beginning of year $150,250,842 · end of year $165,249,124
-
12 · Investments: other securities
beginning of year $8,633,835 · end of year $9,625,292
-
13 · Investments: program-related
beginning of year $1,151,094 · end of year $1,151,094
-
15 · Other assets
beginning of year $1,396,527 · end of year $972,050
-
17 · Accounts payable and accrued expenses
beginning of year $3,580,141 · end of year $3,719,824
-
25 · Other liabilities
beginning of year $4,524,239 · end of year $5,358,401
-
27 · Net assets without donor restrictions
beginning of year $11,895,198 · end of year $15,362,202
-
28 · Net assets with donor restrictions
beginning of year $175,724,706 · end of year $185,805,504
Mission and programs · 2024
Mission
SEE SCHEDULE O
Activities or mission (Part I)
PORTLAND STATE UNIVERSITY FOUNDATION IS RESPONSIBLE FOR RAISING AND MANAGING PRIVATE RESOURCES TO ADVANCE PSU'S PRIORITIES AND MISSION TO BE A LEADING URBAN UNIVERSITY.
-
THE FOUNDATION SUPPORTS PORTLAND STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, SUPPPORTING FACULTY RESEARCH AND INSTRUCTION, ENHANCING FACILITIES, AND NURTURING NEW PROGRAMS. DURING THE YEAR ENDED JUNE 30, 2025 THE FOUNDATION AWARDED $18,466,770 TO THE UNIVERSITY; $4,337,337 FOR SCHOLARSHIPS AND FELLOWSHIPS, $3,376,322 FOR CAPITAL PROJECTS, $10,509,005 FOR ACADEMIC SUPPORT, AND $244,106 FOR ADMINISTRATIVE SUPPORT.
Expenses $20,331,417 · Grants $19,529,615 · Revenue $6,651,019
As filed on the 2024 return.
Listed in Part VII
-
Al BarkouliAL BARKOULI
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Sammi PahlowSAMMI PAHLOW
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Jon OwensJON OWENS
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Marcia MasonMARCIA MASON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Tina AdamsTINA ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Hermann Colas JrHERMANN COLAS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ann CuddANN CUDD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Safaa El-MansySAFAA EL-MANSY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tom FinkTOM FINK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eileen FrackEILEEN FRACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jared HolumJARED HOLUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cary JacksonCARY JACKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Ed JohnsonED JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Tom KeelerTOM KEELER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristen KernKRISTEN KERN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christopher LiddleCHRISTOPHER LIDDLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ross LienhartROSS LIENHART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe McFerrin IIJOE MCFERRIN II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Barry MillerBARRY MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christine NickersonCHRISTINE NICKERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Corrie OlivaCORRIE OLIVA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve PetruzelliSTEVE PETRUZELLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike RichardsonMIKE RICHARDSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Traci RossiTRACI ROSSI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vera SellVERA SELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard SolomonRICHARD SOLOMON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Alice WiewelALICE WIEWEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Keren Brown WilsonKEREN BROWN WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Helen YingHELEN YING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charlene ZidellCHARLENE ZIDELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.02 related
-
Sarah SchwarzSARAH SCHWARZ
PRESIDENT
- Total calculated
- $455,949
- From this org
- $400,054
- From related orgs
- $0
- Other
- $55,895
- Hours/week
- 40 + 0.25 related
Schedule J breakdown matched by us
- Base
- $347,370
- Bonus
- $51,750
- Other
- $934
- Deferred
- $39,002
- Nontaxable benefits
- $16,893
- Filer's total
- $455,949
-
Stacey Henriquez VpSTACEY HENRIQUEZ VP
OF FINANCE & ACCOUNTING
- Total calculated
- $240,064
- From this org
- $206,098
- From related orgs
- $0
- Other
- $33,966
- Hours/week
- 40 + 0.25 related
Schedule J breakdown matched by us
- Base
- $194,814
- Bonus
- $9,765
- Other
- $1,519
- Deferred
- $24,842
- Nontaxable benefits
- $9,124
- Filer's total
- $240,064
-
Jaymee Jacoby AssociateJAYMEE JACOBY ASSOCIATE
VICE PRESIDENT FOR DEVELOPMENT
- Total calculated
- $217,180
- From this org
- $172,031
- From related orgs
- $0
- Other
- $45,149
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,221
- Bonus
- $18,100
- Other
- $710
- Deferred
- $20,958
- Nontaxable benefits
- $24,191
- Filer's total
- $217,180
-
Catherine Soulages VpCATHERINE SOULAGES VP
OF ENGAGEMENT AND COMMUNICATIONS
- Total calculated
- $206,314
- From this org
- $175,850
- From related orgs
- $0
- Other
- $30,464
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,867
- Bonus
- $11,536
- Other
- $1,447
- Deferred
- $21,424
- Nontaxable benefits
- $9,040
- Filer's total
- $206,314
-
Michelle Jenson SeniorMICHELLE JENSON SENIOR
DIRECTOR OF FINANCE & ACCOUNTING
- Total calculated
- $173,920
- From this org
- $133,628
- From related orgs
- $0
- Other
- $40,292
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,563
- Bonus
- $2,611
- Other
- $454
- Deferred
- $16,137
- Nontaxable benefits
- $24,155
- Filer's total
- $173,920
-
Melissa Ann Miguel VpMELISSA ANN MIGUEL VP
OF PEOPLE & CULTURE
- Total calculated
- $173,895
- From this org
- $133,192
- From related orgs
- $0
- Other
- $40,703
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,553
- Bonus
- $6,250
- Other
- $389
- Deferred
- $16,550
- Nontaxable benefits
- $24,153
- Filer's total
- $173,895
-
Karin TrumboKARIN TRUMBO
SENIOR PHILANTHROPIC ADVISOR
- Total calculated
- $170,854
- From this org
- $135,608
- From related orgs
- $0
- Other
- $35,246
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,723
- Bonus
- $2,673
- Other
- $1,212
- Deferred
- $16,517
- Nontaxable benefits
- $18,729
- Filer's total
- $170,854
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
- 1a · Health or social club dues or initiation fees
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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)
- PART I, LINE 1A
- SOCIAL CLUB FEES TOTALING $5,667 WERE PAID ON BEHALF OF SARAH SCHWARZ, PRESIDENT, IN THE CALENDAR YEAR. THE AMOUNT IS REPORTED ON SCHEDULE J, PART II, COL B (III).
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
-
PORTLAND STATE UNIVERSITY
$18,466,770
SCHOLARSHIPS, FELLOWSHIPS, CAPITAL PROJECTS, ACADEMIC & ADMINISTRATIVE SUPPORT
-
$1,062,845
GENERAL SUPPORT
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.
-
501(C)(2) · PROPERTY MANAGEMENT · OR · controlled entity
Directly controlled by PORTLAND STATE UNIVERSITY FOUNDATION
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.
-
HOUSING · OR · income $0 · assets $0
Directly controlled by PORTLAND STATE UNIVERSITY FOUNDATION
-
PSU IMPACT VENTURES LLC
INVESTMENT · OR · income $0 · assets $129,740
Directly controlled by PORTLAND STATE UNIVERSITY FOUNDATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PERPETUAL INCOME TRUST (1)
PERPETUAL INCOME TRUST · OR
Directly controlled by PORTLAND STATE UNIVERSITY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202641069349301339
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