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Oklahoma State University Foundation Endowment Fund

Name: Oklahoma State University Foundation

Assets Under Management: $527.8 Million (Source: Oklahoma State University Foundation on 6/30/2013)

Annual Report: Oklahoma State University Foundation’s 2013 Endowment Report

Portfolio Insights: “Endowment gifts for the benefit of Oklahoma State University are placed in the Pooled Investment Fund (PIF), which is managed by the OSU Foundation. As of June 30, 2013, the OSU Foundation PIF consisted of 2,778 separate endowments. During FY 2013, $23.5 million in new endowment gifts were received. The total market value on June 30, 2013, of the endowment accounts was $527.8 million, which included the chair and professorship accounts and scholarship accounts established through the Pickens Chair and Professorship and Pickens Legacy Scholarship matching programs.

The primary objective of the PIF is to generate an increasing stream of income to meet the rising costs of education, research and campus life while maintaining the purchasing power of its individual endowments over time. The chart below represents the fair market value of the endowment for each fiscal year over a 10-year period.” (Source)

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Top Oklahoma State University Foundation Endowment Fund Headlines:

1) A diverse investment portfolio, change in investment philosophy, an ongoing $1 billion campaign drive and two $100 million gifts from oil tycoon T. Boone Pickens have fueled the Oklahoma State University Foundation’s endowment’s surge, said foundation President Kirk Jewell. (Source)

2) The Oklahoma State University Foundation’s mission is to unite donor and university passions and priorities to achieve excellence. The supporting foundation currently manages $236 million in endowments and $375 million in assets. Ninety-seven percent of all gifts the Foundation processes are restricted for a specific program, project, college, campus, or department and are deposited into one the Foundation’s more than 2,000 accounts.

“A higher education foundation is a specialized business with specific needs,” said Marc Chardon, Blackbaud’s chief executive officer. “We are pleased to provide the technology solution that will help the Oklahoma State University Foundation meet its complex fiscal requirements and reach its goal of managing an endowment that will continue to strengthen the University’s programs.” (Source)

3) The Oklahoma State University Foundation makes a list of all holdings available to trustees, senior administrators and other select members of the school community. The foundation does not make its shareholder voting record public. The foundation aims to optimize investment returns, and the endowment is currently invested in renewable energy funds. (Source)

4) The Oklahoma State University Foundation recently awarded ten students a $1,000 OSUccess scholarship for answering one question – “How do you define success at OSU?” Two of the winning submissions are from OSU-Oklahoma City students.

Jenny Parker and Erika Phillips found out about the contest in different ways, but both agree on one thing – the contest was different than other scholarship contests as entries could be submitted in video and photograph form. Parker, who has a passion for creating digital shorts, sent in a video, while Phillips entered a picture because she “couldn’t see how an essay could express what the one picture did.” (Source)

5) The University of Oklahoma Foundation, Oklahoma State University Foundation and Kansas State University Foundation hold stock currently valued at roughly $70 million each. The gift makes the foundations nonvoting majority shareholders in Oklahoma’s largest supplier of ready-mix concrete, crushed stone, gravel and sand.

Dolese officials say the gift is the result of the vision of the late Roger Dolese who died in 2002. As part of Mr. Dolese’s plan to keep the company privately owned and increase the number of engineers coming from nearby universities, he finalized the charitable partnership prior to his death. (Source)

About Richard C. Wilson