The usual deadline for these reports is 5.5 months after the end of the fiscal year, which for the Foundation would be Nov 15, 2019. But no, the Foundation has already made 2 requests for 3 month extensions, which would have made the report due today. And now they are using the coronavirus as an excuse to drag this out another 3 months. Which means we will not have public access to even the most basic information on the UO Foundation’s income, expenditures, and assets for the fiscal year that ended on June 30th, 2019 until July 15, 2020 – more than a year later:
Kelly Bosch (University of Oregon Foundation)
May 15, 2020, 11:26:33 AM PDT
Good morning,
Thank you for your inquiry. The IRS extended the filing deadline for 990 returns until July 15th due to the COVID 19 pandemic. Thus, we will be filing our returns on July 15th. The public disclosure copies will be available at that time.
Thank you,
Kelly Bosch
This information, and any attachment, is PRIVILEGED and CONFIDENTIAL property of the University of Oregon Foundation. Any unauthorized reproduction, dissemination or disclosure is prohibited.
We do know from the most recently available IRS 990, covering the 2017-18 FY, that it’s a pretty lucrative operation, for some:
In his spare time, after devoting 44 hours a week to the Foundation, Weinhold serves as Chairman of the Board of Summit Bank. I don’t know how much they pay him, or how many hours he spends at that:
Problem with the endowment?
They didn’t submit their figures to the NACUBO
Do tell us more. Maybe a link?
UO was not listed in the last survey:
https://www.nacubo.org/-/media/Nacubo/Documents/EndowmentFiles/2019-Endowment-Market-Values–Final-Feb-10.ashx?la=en&hash=9E941CF13A17783282F46626C72FE7AFB63F9D82
From:
Ken Redd
Your school did not respond to our survey. We only include data from schools that participate in our study.
~Ken
Sent from my iPhone
> Hi Ken,
>
> I noticed the University of Oregon’s endowment figures were not included in the most recent study. Will these numbers be included in a future release?
>
> All the best,
The link for UO Foundation’s audited financial statements is below. The level of detail is low, but they do show a 3% increase in the endowment from 2018 to 2019. https://www.uofoundation.org/s/1540/foundation16/interior.aspx?sid=1540&gid=1&pgid=6823
Did you get a copy of the 990 yet?
Yeah but it’s a year old. Will post.