Overview
What is The Ohio University Foundation?
The Ohio University Foundation is a nonprofit organization based in Athens, Ohio, with a PO Box address (45701). Established in 1945, it plays a crucial role in supporting Ohio University's mission of education, research, and service. The Foundation raises funds for various university needs, including academic and instructional support, student aid, research, facilities, athletics, and other academic initiatives. During fiscal year 2022, it provided $17.3 million for instruction and research, $9.4 million for student aid, and $10.3 million for other academic initiatives. The Ohio University Foundation is home to several premier scholarship programs like The Appalachian Scholar Program, The Urban Scholars Program, and The Cutler Scholars Program, offering both need and merit-based scholarships. Notable donations were received for the colleges of arts and sciences, business, engineering and osteopathic medicine, student financial aid, intercollegiate athletics, and more areas in fiscal year 2022, totalling approximately $40 million. The Foundation's activities significantly contribute to Ohio University's academic excellence and expansion, ensuring it maintains a competitive edge.
Official website here: www.ohio.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star rating
The Ohio University Foundation has received a strong rating of 95% from Charity Navigator, indicating high performance in accountability and finance. The organization excels in various areas, including a perfect score in leadership and adaptability, showing its capacity to effectively manage and respond to challenges. The majority of its board members are independent, ensuring objective oversight, and the foundation maintains robust financial practices with no material diversion of assets.
User feedback highlights the foundation's commitment to transparency and governance, as evidenced by its comprehensive policies related to conflicts of interest, whistleblower protections, and rigorous financial audits. The foundation's program expense ratio is notably high at 74.02%, reflecting its dedication to allocating resources towards impactful programs rather than administrative costs. Additionally, the foundation demonstrates impressive fundraising efficiency, raising 14 cents for every dollar spent on fundraising.
Despite its strengths, the foundation could focus more on enhancing its culture and community rating, which stands at 87. This area presents an opportunity for growth in engaging constituents more effectively and strengthening relationships with the community. Overall, The Ohio University Foundation shows a strong commitment to operational excellence and strategic goals aimed at increasing support and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Ohio University Foundation legitimate?
The Ohio University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ohio 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: $1,446,277
Professional Fundraising Fees: $482,164
Other Salaries and Wages: $6,984,133
For more financial information, click here
Official website here: www.ohio.edu
What is the mission statement of The Ohio University Foundation?
The Ohio University Foundation plays a crucial role in enhancing Ohio University's mission of education, research, and service. Established in 1945, the Foundation supports various academic initiatives, including financial aid and capital expansion, enabling Ohio University to achieve a level of excellence beyond its means. As the first institution of higher education in the Northwest Territory, Ohio University is renowned for its dedicated faculty, who are not only accomplished teachers but also conduct research that advances knowledge across numerous disciplines. In fiscal year 2022, the Foundation received over $40 million in donations.
Official website here: www.ohio.edu
Who is the CEO of The Ohio University Foundation?
Lyn Redington is the CEO of The Ohio University Foundation The CEO's salary of The Ohio University Foundation is $0 and their total compensation is $352,405.
Official website here: www.ohio.edu
What is the revenue of The Ohio University Foundation?
The Ohio University Foundation's revenue in 2024 was $69,719,598.
Official website here: www.ohio.edu
Who are the executives of The Ohio University Foundation and what are their salaries?
The average compensation at The Ohio University Foundation during 2024 was $79,532. There are 106 employees and 591 volunteers at The Ohio University Foundation.
Here are 55 key members and their salaries (The Ohio University Foundation's CEO's salary is $0 and their total compensation is $352,405):
- Compensation: $198,344
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- Other: $72,614
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- Other: $58,324
- Compensation: $415,999
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- Related: $183,979
- Other: $57,697
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- Related: $362,858
- Other: $44,847
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- Related: $362,689
- Other: $68,286
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- Related: $374,554
- Other: $59,697
- Compensation: $177,283
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- Other: $24,532
- Compensation: $0
- Related: $201,197
- Other: $18,580
- Compensation: $210,124
- Related: $0
- Other: $73,113
- Compensation: $0
- Related: $187,530
- Other: $35,421
- Compensation: $359,736
- Related: $0
- Other: $78,230
- Compensation: $135,483
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- Other: $18,688
- Compensation: $143,256
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- Other: $65,884
- Compensation: $155,842
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- Other: $37,280
- Compensation: $159,383
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- Other: $46,908
- Compensation: $0
- Related: $220,406
- Other: $69,933
- Compensation: $0
- Related: $426,988
- Other: $58,271
- Compensation: $0
- Related: $270,284
- Other: $62,976
- Compensation: $0
- Related: $122,651
- Other: $33,265
Official website here: www.ohio.edu
Where can I find the form 990 for The Ohio University Foundation?
The Ohio University Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ohio.edu
Learn more at the official website: www.ohio.edu
Mission Statement of The Ohio University Foundation
The Ohio University Foundation plays a pivotal role in enhancing Ohio University's mission of education, research, and service. Established in 1945, this philanthropic organization supports the institution's central purpose of fostering the intellectual and personal growth of its students. With a strong commitment to academic excellence, The Ohio University Foundation contributes to the university's renowned faculty, whose research and creative activities expand knowledge across various disciplines.
During fiscal year 2022, The Ohio University Foundation received an impressive influx of around $40 million in donations from thousands of generous contributors. These gifts have been instrumental in funding financial aid, research, capital expansion, and other academic initiatives. As a result, Ohio University has been able to secure a notable edge in its educational offerings, ensuring a superior educational experience for its students that might not have been possible otherwise.
The Ohio University Foundation's unwavering dedication to Ohio University's mission started in the Northwest Territory, making it the first institution of higher education in the region. Over the decades, it has built a reputation for producing accomplished teachers and scholars who have made significant strides in their respective fields. By providing essential support, The Ohio University Foundation continues to help Ohio University thrive and push boundaries in academia.
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Impact
October, 2024
The Ohio University Foundation plays a crucial role in enhancing educational opportunities and experiences at Ohio University. By providing vital funding for financial aid, research, capital projects, and various academic initiatives, the Foundation ensures that the university can maintain a high standard of excellence. In fiscal year 2022 alone, the Foundation contributed significantly: $17.3 million for instruction and research, $9.4 million for student aid, and $10.3 million for other academic pursuits.
This support helps sustain Ohio University's commitment to student development and faculty excellence, enabling groundbreaking research and enriching educational experiences. Key scholarship programs like The Appalachian Scholar Program and The Urban Scholars Program highlight the Foundation's focus on access and merit, making higher education more attainable for diverse student populations.
Additionally, the Foundation has enhanced various academic disciplines through substantial gifts directed toward the colleges of arts and sciences, business, engineering, and osteopathic medicine. With total contributions nearing $40 million in fiscal year 2022, the Foundation's impact is transformative, ensuring that Ohio University can continue to thrive as a leader in education, research, and community service.
This information is meant to be a general summary of The Ohio 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 2024.
- Investment Income: $12,941,952
- Gross Receipts: $208,701,767
Assets and Liabilities:
- Total Assets: $641,559,157
- Total Liabilities: $11,596,827
- Net Assets: $629,962,330
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Organization Details
Founding Year
1945
Principal Officer
Susan Weiss Mulgrew
Website
www.ohio.eduNTEE Category
Code: B110 - Education
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