2024-04-11T20:10:09-05:00 2023-06-30 FORVIS LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2022-07-01 316026014 MIAMI UNIVERSITY FOUNDATION % BRUCE A GUIOT MIAM 5135296110 107 ROUDEBUSH HALL OXFORD OH 45056 BRUCE GUIOT CFO 5135296110 2023-11-15 true BRUCE GUIOT 999009999 AARON HERSHBERGER P00961884 5136218300 2 2022 2023-04-26 12:10:37Z BRUCE GUIOT 107 ROUDEBUSH HALL OXFORD OH 45056 113781427 false X WWW.FORLOVEANDHONOR.ORG X 1948 OH SUPPORT OF MIAMI UNIVERSITY 33 26 0 40 -796818 0 20122843 25912901 0 0 9877223 514327 -1356627 851353 28643439 27278581 17894968 20635060 0 0 0 0 0 0 2113799 4153093 4591665 22048061 25226725 6595378 2051856 724573926 781643093 286036362 307809562 438537564 473833531 SUPPORT OF MIAMI UNIVERSITY false false 20635060 20635060 MIAMI UNIVERSITY FOUNDATION RECEIVES CONTRIBUTIONS FROM ALUMNI AND FRIENDS OF THE UNIVERSITY WHICH IT HOLDS AND USES ACCORDING TO DONOR INSTRUCTIONS. INVESTMENT EARNINGS ARE PERIODICALLY TRANSFERRED TO THE UNIVERSITY TO FURTHER ITS EDUCATIONAL AND RESEARCH ACTIVITIES. 20635060 true true false false false false false false false true false true false false true true true true false false true false false false false false false true false true false false false false false false false false true true false false false true false false false true 0 0 0 true true false false false false false false false false false false false X 33 26 false false true false false true true true true false false true true true true true true false false false X BRUCE A GUIOT 5135296110 MIAMI UNIVERSITY OXFORD OH 45056 Dr Gregory Crawford Director 1.0 39.0 X 0 547406 79929 Dr David Creamer TREASURER 1.0 39.0 X X 0 400579 64522 Jason Osborne FORMER DIRECTOR 0.0 40.0 X 0 397569 49185 Thomas Herbert FORMER PRESIDENT 0.0 40.0 X 0 362137 20689 Brady Bundy DIRECTOR 1.0 39.0 X 0 295152 59703 Dr Elizabeth R Mullenix Director 1.0 39.0 X 0 303995 47823 Jayne Brownell DIRECTOR 1.0 39.0 X 0 235773 39049 Brent Shock DIRECTOR 1.0 39.0 X 0 217947 48172 Bruce Guiot Chief Financial Officer 20.0 20.0 X 0 198647 23565 RYAN ELIAS CHEIF DEVELOPMENT OFFICER 20.0 20.0 X 0 186203 23631 Mackenzie Rice PRESIDENT 20.0 20.0 X X 0 163637 36789 BRIAN FURNISH CHEIF ADMINISTRATIVE OFFICER 20.0 20.0 X 0 82422 27165 Biff Bowman Director 1.0 0.0 X 0 0 0 Stephanie Byrd Director 1.0 0.0 X 0 0 0 Mary Beth Canfield Director 1.0 0.0 X 0 0 0 David Dafoe DIRECTOR 1.0 0.0 X 0 0 0 Judy Greffin Director 1.0 0.0 X 0 0 0 Zain Haider Director 1.0 0.0 X 0 0 0 Brad Hunkler Director 1.0 0.0 X 0 0 0 Dave Koschik Chair 2.0 0.0 X X 0 0 0 Lynn Larson Director 1.0 0.0 X 0 0 0 Tim Lloyd DIRECTOR 1.0 0.0 X 0 0 0 Chris Lorenzen DIRECTOR 1.0 0.0 X 0 0 0 Kim Lubel DIRECTOR 1.0 0.0 X 0 0 0 Suraj Maraboyina DIRECTOR 1.0 0.0 X 0 0 0 David Meyer DIRECTOR 1.0 0.0 X 0 0 0 Beth Mikes DIRECTOR 1.0 0.0 X 0 0 0 Ruth Milligan DIRECTOR 1.0 0.0 X 0 0 0 Sharon Mitchell DIRECTOR 1.0 0.0 X 0 0 0 Peter Mogk DIRECTOR 1.0 0.0 X 0 0 0 Edward O'Reilly DIRECTOR 1.0 0.0 X 0 0 0 Lynn Pistell DIRECTOR 1.0 0.0 X 0 0 0 Julia Poston DIRECTOR 1.0 0.0 X 0 0 0 Nichole Prescott SECRETARY 2.0 0.0 X X 0 0 0 Aaron Ryan DIRECTOR 1.0 0.0 X 0 0 0 Mary Schell DIRECTOR 1.0 0.0 X 0 0 0 Scott Schweinfurth Vice Chair 2.0 0.0 X X 0 0 0 Lisa Shade DIRECTOR 1.0 0.0 X 0 0 0 0 3391467 520222 0 true true false 0 25912901 4569191 25912901 0 2021624 -796818 2818442 0 0 0 0 0 84995549 86502846 -1507297 -1507297 -1507297 0 0 0 0 0 0 0 0 0 SPLIT INTEREST AGREEMENTS 525990 851353 851353 851353 27278581 -796818 2162498 20635060 20635060 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 4313876 0 2200077 2113799 OTHER EXPENSES 277789 0 277789 0 25226725 20635060 2477866 2113799 22350711 0 9716799 41311343 18475171 19808822 10427855 7625976 0 0 0 0 0 0 0 0 0 0 0 0 67986223 64131873 593781227 646960578 0 0 0 0 1835940 1804501 724573926 781643093 19999547 25413052 0 0 1362295 1135500 0 0 0 0 0 0 0 0 0 0 264674520 281261010 286036362 307809562 X 4304502 4457648 434233062 469375883 438537564 473833531 724573926 781643093 2051856 33244111 X false true X true false X 17615318 17467408 26135967 20122843 25912901 107254437 0 0 17615318 17467408 26135967 20122843 25912901 107254437 15302844 91951593 2951455 1930167 1313456 1314869 2021624 9531571 0 367138 -574228 2476444 -1356627 851353 1764080 118550088 0.77563 0.74500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405847749 21732044 33410181 17209329 4313876 439466769 426942301 18070557 -20230835 15075539 3858735 405847749 315019562 30512931 97228003 12918423 2899772 426942301 309603699 17702560 2323005 11893476 2716226 315019562 302514984 11995543 10935318 12913675 2928471 309603699 0.01020 0.70510 0.28470 false false Strategic Investments 478335979 F Private Investments 168624599 F 646960578 0 Funds Held in Trust for others 277951890 Split Interest Obligations 3309120 281261010 X 60522692 33244111 33244111 27278581 27278581 25226725 25226725 25226725 SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS INVESTMENT EARNINGS ARE PERIODICALLY TRANSFERRED TO MIAMI UNIVERSITY TO FURTHER ITS EDUCATIONAL AND RESEARCH ACTIVITIES. SCHEDULE D, PART X, LINE 2 The Foundation is a not-for-profit organization as defined under Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from federal income taxes pursuant to Section 501(a) of the Code, except on unrelated business income. The Foundation has evaluated its tax positions at June 30 with respect to accounting for uncertainties in income taxes and has determined that there was no material impact to the Foundation's financial statements. true CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25019825 0 0 0 0 25019825 25019825 false false false false false false true MIAMI UNIVERSITY 501 E HIGH STREET OXFORD OH 45056 316402089 7884665 SCHOLARSHIPS MIAMI UNIVERSITY 501 E HIGH STREET OXFORD OH 45056 316402089 7407333 ACADEMIC SUPPORT MIAMI UNIVERSITY 501 E HIGH STREET OXFORD OH 45056 316402089 583620 ATHLETICS MIAMI UNIVERSITY 501 E HIGH STREET OXFORD OH 45056 316402089 1238205 CAMPUS IMPROVEMENTS MIAMI UNIVERSITY 501 E HIGH STREET OXFORD OH 45056 316402089 3521237 INSTITUTIONAL SUPPORT 1 0 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO ENSURE THE PROPER EXPENDITURE OF GIFT FUNDS, THE MIAMI UNIVERSITY FOUNDATION AND MIAMI UNIVERSITY, THROUGH THE OFFICE OF STEWARDSHIP AND DONOR RELATIONS, WILL PREFORM THE FOLLOWING: -PERFORM RANDOM ANNUAL DONOR INTENT AUDITS TO ASSIST THE VARIOUS DIVISIONS IN ENSURING ALL RESTRICTED GIFT MONEY IS EXPENDED IN ACCORDANCE WITH THE DONOR'S WISHES. -PROVIDE COURTESY, NON-TECHNICAL, AND INFORMATIONAL REPORTING OF THE USE OF GIFT FUNDS VIA ENDOWMENT REPORTS, AS THE INFORMATION IS REQUESTED BY THE DONOR OR AS REQUIRED BY THE ENDOWMENT GIFT AGREEMENT. -CONDUCT EDUCATION AND AWARENESS PROGRAMS FOR MIAMI UNIVERSITY DEANS, DEPARTMENT CHAIRS AND STAFF BY THE DIVISION OF UNIVERSITY ADVANCEMENT SO WE CAN PROVIDE CONSISTENT MANAGEMENT OF THE FUNDS THROUGHOUT ALL DIVISIONS. WHEN GIFTS ARE NOT BEING EXPENDED ON A TIMELY BASIS AND BECOME INACTIVE, THE FUND ADMINISTRATOR REVIEWS THE PURPOSE OF THE GIFT FOR WAYS IT MAY BE EXPENDED. IF THE FUNDS CANNOT BE USED IN A MANNER CONSISTENT WITH DONOR RESTRICTIONS, THE FUND ADMINISTRATOR DISCUSSES POSSIBLE ALTERNATIVES WITH THE DIRECTOR OF STEWARDSHIP AND DONOR RELATIONS. false true false false false false false false false Dr Gregory Crawford Director 0 544052 0 0 0 3354 0 55866 0 24063 0 627335 Dr David Creamer TREASURER 0 366027 0 0 0 34552 0 46024 0 18498 0 465101 Jason Osborne FORMER DIRECTOR 0 370575 0 0 0 26994 0 25227 0 23958 0 446754 Dr Elizabeth R Mullenix Director 0 301352 0 0 0 2643 0 26022 0 21801 0 351818 Thomas Herbert FORMER PRESIDENT 0 180888 0 126180 0 55069 0 20689 0 0 0 382826 Brady Bundy DIRECTOR 0 290899 0 0 0 4253 0 41712 0 17991 0 354855 Jayne Brownell DIRECTOR 0 233572 0 0 0 2201 0 27751 0 11298 0 274822 Brent Shock DIRECTOR 0 216839 0 0 0 1108 0 31564 0 16608 0 266119 Bruce Guiot Chief Financial Officer 0 197695 0 0 0 952 0 22993 0 572 0 222212 Mackenzie Rice PRESIDENT 0 163209 0 0 0 428 0 19834 0 16955 0 200426 RYAN ELIAS CHEIF DEVELOPMENT OFFICER 185844 0 359 22339 1292 209834 X 4 1000003 MU ART DIRECTOR X 1 1 WE JUST VALUED $1 X 59 3569187 STOCK VALUE 5 false true true SCHEDULE M, PART I, COLUMN B NUMBER THE AMOUNT REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 32B USE OF THIRD PARTIES GIFTS IN KIND AND VEHICLES ARE SOLD BY AUCTION USING A THIRD PARTY. FORM 990, PART VI, SECTION A, LINE 4 Significant Changes to the Governing Documents The maximum number of elected directors increased from 25 to 30. Extended the maximum length of the terms of certain currently serving Directors from seven (7) to eight (8) years. Requires approval of the Miami University Board of Trustees for any amendment to Section 6.1 of the Code of Regulations. Section 6.1 of the Code of Regulations states, "The additional officers of the Foundation shall be the President, Treasurer, Chief Financial Officer, Chief Development Officer, Chief Administrative Officer, and any other officers as the Board may designate or determine. The Persons serving as additional officers may hold more than one office and shall be employees of the University." FORM 990, PART VI, SECTION A, LINE 7A Power to Appoint Members of the Governing Body According to the Miami University Foundation's ("Foundation") Code of Regulations dated May 10, 2023, the Foundation shall have up to nine persons appointed as Directors. The Directors are appointed pursuant to Section 4.3.1 of Code of Regulations. The following persons shall serve as appointed Directors: a) The Chair of the Board of Trustees of Miami University ("University") or a member of University Board of Trustees appointed by the Chair of the University Board of Trustees; b) A second member of the University Board of Trustees appointed by the University Chair of the Board of Trustees; c) The President of the University; d) The President of the Foundation; e) The Vice President or, if there is one serving, the Senior Vice President for Advancement of the University or, if neither is serving, then the most senior officer position leading the Advancement of the University; f) Executive Vice President for Academic Affairs and Provost of the University; g) The Vice President or, if there is one serving, the Senior Vice President for Finance and Business Services of the University; h) The Vice President or, if there is one serving, the Senior Vice President for Student Life of the University; and i) The Vice President or, if there is one serving, the Senior Vice President for Enrollment Management and Student Success. FORM 990, PART VI, SECTION A, LINE 7B Governance Decisions Reserved to Other Persons The Code of Regulations Articles III and IV, providing for the selection of Directors and defining Members, and Section 6.1, naming additional officers of the Foundation, shall not be amended without the approval and consent of the Board of Trustees of Miami University given by the affirmative vote of two thirds (2/3) of all members of the Board of Trustees of the University. The Foundation shall be dissolved only with approval of two-thirds of the members of the Board of Trustees of Miami University voting at a regular meeting of the Board of Trustees of the University. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE FORM 990 THE MIAMI UNIVERSITY FOUNDATION FORM 990 IS PREPARED AND REVIEWED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. THE FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE DURING THE ANNUAL REVIEW OF THE FINANCIAL ACTIVITY FOR THE YEAR. THE FORM 990 IS ALSO SENT TO THE FULL BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES SIGN AN ANNUAL STATEMENT STATING THAT THEY HAVE RECEIVED, READ, UNDERSTAND AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC THE MIAMI UNIVERSITY FOUNDATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART X, LINE 11, 12, & 25 BALANCE SHEET AS OF JULY 1, 2011, THE FOUNDATION AND MIAMI UNIVERSITY ENTERED INTO A POOLED INVESTMENT AGREEMENT THAT COMBINES THEIR RESPECTIVE ENDOWMENT POOLS WITH OVERSIGHT PROVIDED BY THE FOUNDATION. MIAMI UNIVERSITY 501 E HIGH ST OXFORD OH 45056 316402089 EDUCATION OH 501(C)(3) 2 NA false MU PAPER SCIENCE AND ENGINEERING FDTN 107 ROUDEBUSH HALL OXFORD OH 45056 316032815 SUPPORT MIAMI OH 501(C)(3) 5 NA false WESTERN COLLEGE ALUMNAE ASSOC 325 PATTERSON AVE OXFORD OH 45056 237401551 SUPPORT MIAMI OH 501(C)(3) 5 NA false false true false false false false false false false false false false true true true true false false false MIAMI UNIVERSITY B 20635060 COST MIAMI UNIVERSITY M 2113799 COST MIAMI UNIVERSITY O 632663 COST MIAMI UNIVERSITY P 1845203 COST