2/24/2010: From the Greg Bolt story today in the RG:
According to the latest figures released by the university, the UO brought in $75.6 million in the first seven months of its fiscal year, a pace that would easily surpass the goal of $90 million to $100 million a year if it can be sustained.
Almost two-thirds of the gifts promised so far this year are directed to academic programs and about one-third are for athletics, Lariviere said.
Meanwhile, the Chronicle
reports these numbers for the UO Foundation endowment:
From June 30 2008 – June 30 2009: $470,515,000 to $386,509,000 -17.9%
How to reconcile? The RG is reporting pledges, not money received. This is standard practice. The swings in the endowment also look pretty standard for recent years. Here is some stuff from the most recent Foundation report, from which the Chronicle numbers are taken:
The “other” category includes pledges of the sort that the RG is reporting. You should subtract 10% or so for shrinkage – while these are legally binding pledges, they don’t all come through – and another $35 million or so for liabilities tied to gifts. Again, all standard stuff.
Where does the money go? That’s harder, because state law gives the Foundation an exemption from the public records law – which they exploit pretty much to the hilt, releasing only summary data like this:
You can see that they spent more on scholarships to athletes than for merit and need scholarships. In 2009 they spent about 6x as much on athletic facilities as on academic ones – but obviously that ratio fluctuates wildly.
The $3 million for “Salaries and Other Expenses” includes the $300,000 or so the Foundation paid to Frohnmayer to top off his state salary. We will probably never know who donated that money, or what sort of favors they might have got in return.
You can get a little more detail like the pay for the foundation President ($310,000) from the IRS 990 form here
. But this is wat out of date, because the foundation takes every opportunity for allowable IRS extensions on filing these reports. Also standard practice for this business, unfortunately. The IRS is going to substantially tighten up on reporting, I think in time for the next report, due 5/15/2010.