Overview
What is Ohio State University Foundation?
The Ohio State University Foundation is a nonprofit organization dedicated to supporting Ohio State University by raising funds and managing endowments and planned gifts. Based on the given information, the Foundation's role is to exclusively benefit the university through private financial contributions. By advancing the mission of Ohio State, they aim to improve the student, faculty, program, and facility experiences for the university community.
Official website here: www.osu.edu/giving
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Ohio State University Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 94%, the foundation demonstrates strong governance practices, including a fully independent board and robust financial oversight mechanisms. Notably, the foundation has a program expense ratio of 93.65%, reflecting its commitment to funding initiatives that directly benefit the university and its students.
Strengths of the foundation include its effective management of resources, with no reported material diversion of assets and a low liabilities to assets ratio of 3.12%. This showcases the foundation's ability to maintain financial stability while supporting its mission. Additionally, the organization has policies in place for conflict of interest, whistleblower protections, and document retention, further enhancing its transparency and ethical standards.
However, there is a noted area for improvement in fundraising efficiency, with a reported efficiency ratio of $0.00. This suggests that while the foundation effectively allocates its resources, there may be opportunities to enhance fundraising strategies to increase overall contributions. Nevertheless, the foundation's strong financial practices and independent governance reflect positively on its operations and overall mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio State University Foundation legitimate?
Ohio State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio State University Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,925
For more financial information, click here
Official website here: www.osu.edu/giving
What is the mission statement of Ohio State University Foundation?
The Ohio State University Foundation serves as the primary organization for fundraising and managing gifts for the benefit of Ohio State University. Its mission is geared towards advancing the academic institution's mission by securing private financial support for students, faculty, programs, and facilities. The Foundation plays a crucial role in raising funds and managing both endowments and planned gifts, all exclusively for the advantage of Ohio State University.
Official website here: www.osu.edu/giving
Who is the CEO of Ohio State University Foundation?
Michael C Eicher is the Ex Officio Director And Officer of Ohio State University Foundation.
Official website here: www.osu.edu/giving
What is the revenue of Ohio State University Foundation?
Ohio State University Foundation's revenue in 2022 was $350,432,065.
Official website here: www.osu.edu/giving
Who are the executives of Ohio State University Foundation and what are their salaries?
There 39 volunteers at Ohio State University Foundation.
Here are 48 key members and their salaries:
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Official website here: www.osu.edu/giving
Where can I find the form 990 for Ohio State University Foundation?
Ohio State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.osu.edu/giving
Learn more at the official website: www.osu.edu/giving
Mission Statement of Ohio State University Foundation
The Ohio State University Foundation serves as the primary fundraising and gift-receiving organization for Ohio State University. With a mission to advance the university's mission, this foundation pursues and secures private support for the benefit of students, faculty, programs, and facilities. By raising funds and managing endowments and planned gifts, the Ohio State University Foundation contributes significantly to Ohio State's growth and development.
In essence, the Ohio State University Foundation acts as a bridge between generous donors and the university community, ensuring that vital resources are made available to support the university's academic, research, and student-related initiatives. Through its fundraising efforts and management of endowments and planned gifts, the foundation has a profound impact on the educational experiences and opportunities available to students at Ohio State University.
Capitalizing on the generosity of philanthropic individuals and organizations, the Ohio State University Foundation plays a vital role in enhancing the university's academic offerings and research capabilities. As the custodian of these funds, the foundation ensures their strategic deployment to areas of greatest need and impact, ultimately contributing to the long-term success and sustainability of Ohio State University.
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Impact
October, 2024
The Ohio State University Foundation plays a crucial role in enhancing the academic and operational landscape of Ohio State University. By raising funds and managing endowments and planned gifts, the Foundation directly supports students, faculty, programs, and facilities across the university. This financial backing enables innovative research, enriches educational experiences, and expands access to scholarships, ensuring that a diverse range of students can pursue their academic goals.
In a dynamic and competitive educational environment, the Foundation’s efforts are vital for securing private support that helps maintain and elevate Ohio State's reputation as a leading institution. The resources provided through fundraising initiatives fuel advancements in technology, promote faculty excellence, and expand vital programs that respond to the evolving needs of the student body and community.
The impact of the Ohio State University Foundation reverberates throughout the institution, fostering growth and sustainability, and ultimately contributing to the overall advancement of education in Ohio and beyond. Its commitment to enhancing the university's mission ensures that Ohio State can continue to thrive and adapt to future challenges in higher education.
This information is meant to be a general summary of Ohio State University Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $30,981,977
- Gross Receipts: $350,432,065
Assets and Liabilities:
- Total Assets: $1,631,201,845
- Total Liabilities: $54,518,972
- Net Assets: $1,576,682,873
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Organization Details
Founding Year
1985
Phone
(614) 292-1600Principal Officer
Michael C Eicher
Main Address
14 E 15th Ave 4th Fl, Columbus, OH, 43201
Website
www.osu.edu/givingNTEE Category
Code: B11 - Education
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