Secretive UO Foundation releases stale, minimally required IRS data

Update: Court rules university foundations subject to state public records law

That would be in Illinois. The Student Press Law Association has the news here. An increasing number of state AG’s, courts, and laws now require the same – but not Oregon.

5/16/2017: They are just now releasing data from the FY that ended June 30, 2016. Donations fell from $136M to $103M. CEO Paul Weinhold’s compensation increased from $417K to $444K, overall compensation for the top 5 “key employees” has increased by about 30%. (The individual pay reported in the full 990 below is for the calendar year 2014-15, while the overall number is for the 2015-16 FY – meaning that Weinhold’s pay is probably actually up 30% or so over last year. )

UO Foundation expenses

2014-152015-16

They report spending only $10K on lobbying (presumably for the IAAF) and lump academic and non-academic (sports) expenditures together.

President Schill’s office is telling the Emerald they do not have records on expenditures of foundation funds by his office:

The full IRS 990 for 2015-16 is here: http://www.uofoundation.org/s/1540/images/editor_documents/form_990/university_of_oregon_foundation_2015_990_public_disclosure_copy_website.pdf

For comparison, the 2014-15 990 is here: http://uomatters.com/wp-content/uploads/2017/05/uof_2014_public_disclosure_copy_combined_website.pdf

More below the break:

2015-16:

From 2014, for comparison:

 

Tagged . Bookmark the permalink.

One Response to Secretive UO Foundation releases stale, minimally required IRS data

  1. Captain Nemo says:

    good work, UOM.
    No wonder there is a reluctance to disclose anything beyond the minimum. I wonder why the salary for these managers is not based on some performance indicators? ones that would make it at least less likely to produce such increases when the return declines.
    At times like these, I realize I made a mistake in my career path. Instead of being the corrupt and impoverished academic I could have been a corrupt and wealthy fund manager.

    VA:F [1.9.22_1171]
    Rating: +4 (from 4 votes)

Leave a Reply

Your email address will not be published.