5/17/2011: The UO Foundation has finally submitted its 2009 IRS 990 form. This covers the FY from July 1 2009 to June 30 2010. That’s right, the most recent data the foundation will release is almost a year old. Download here. The IRS reporting requirements are tightening though, and this is full of interesting tidbits:
They spend almost as much on administrative expenses as on scholarships, for example. Endowment contributions are down. They refuse to break out expenses by academic/athletic categories:
No big mystery on that: The UO Foundation is essentially a money laundering operation that allows booster and ticket buyers to take tax deductions for their purchases, and itemizing these grants would make that a little too obvious. Dig a little deeper, and you can find out what sorts of salaries they are paying their top administrators. Big ones:
For 2008-2009:
2009-2010:
So Namyet got a 20% raise – faculty got nothing. Here are more for this year:
Weinhold’s salary is part year, not sure what it annualizes to. I was amazed to find that they paid their retired CEO, Karen Kreft, $296,000 for 2008-2009. For 2009-2010 she is still on the dole, for another $170,000. That would have paid for full ride tuition and books scholarships for 17 Oregon students.
The UO Foundation’s trustees have some pretty strange priorities.
Are the salaries linked in any way to investment performance? And how does the UO’ Foundation’s investment performance compare to that of like organizations?
The outgoing ASUO president will speak at the Eugene City Club on June 24th. The entire discussion is broadcast on KLCC several days after. To attend the event go to the 12th floor of the Eugene Hilton at 11:50 am on June 24.