Ohio University Foundation
74% goes to programs $20 to raise $100 Strong reserves
Ohio University Foundation is a 501(c)(3) organization based in Athens, Ohio, registered in 1955, with $69,719,598 in FY2023 revenue. CharityIndex grades it B+, and it directs about 74% of spending to programs.
Po Box 869, Athens, OH, 45701 EIN 31-6402269 Since 1955
Revenue (FY2023)
$69.7M
▼ 18.1% vs prior year
Education median: $200K
Expenses (FY2023)
$56.2M
Net assets
$785.9M
Employees
106
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating74% to programs · $20 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ohio University Foundation: 74% to programs · $20 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating168 mo reserves · +19% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ohio University Foundation: 168 mo reserves · +19% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ohio University Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ohio University Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The ohio university foundation is an active partner in ohio university's mission of education, research, and service. the foundation provides support for financial aid, research, capital expansion, and other academic initiatives, securing for ohio university a margin of excellence that otherwise would not be possible.
Contact & location
- Address
- Po Box 869, Athens, OH, 45701
- City
- Athens
- State
- Ohio
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $61.1M (FY2013) to $69.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $6.9MNet assets $785.9M
Operating margin
19.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$792.7M
Total liabilities
$6.9M
Net assets
$785.9M
Salaries & benefits
$10.2M
18% of expenses
Board members
38
34 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $69,719,598▼18.1% | $56,192,758▲9.7% | $785,867,284▲9.5% | $792,735,359▲9.3% | 990 |
| 2022 | $85,119,153▲13.2% | $51,237,015▼2.5% | $717,714,325▲13.9% | $725,272,249▲13.0% | 990 |
| 2021 | $75,179,430▲15.1% | $52,577,327▲21.8% | $629,962,330▼11.4% | $641,559,157▼11.0% | 990 |
| 2020 | $65,304,081▲114% | $43,159,840▲16.5% | $711,073,322▲28.1% | $720,462,181▲27.6% | 990 |
| 2019 | $30,534,110▼27.8% | $37,052,627▼9.9% | $554,914,212▼0.4% | $564,704,219▼0.3% | 990 |
| 2018 | $42,315,297▼10.3% | $41,103,616▼8.0% | $557,219,496▲2.0% | $566,584,572▲1.3% | 990 |
| 2017 | $47,193,323▲52.5% | $44,666,135▲11.0% | $546,069,669▲2.7% | $559,431,920▲3.3% | 990 |
| 2016 | $30,939,641▼44.3% | $40,226,866▲1.3% | $531,666,479▲7.9% | $541,310,679▲8.1% | 990 |
| 2015 | $55,528,270▼37.5% | $39,704,704▲2.9% | $492,929,994▼2.7% | $500,742,667▼3.0% | 990 |
| 2014 | $88,877,057▲45.5% | $38,589,649▲13.0% | $506,771,330▼0.9% | $516,284,477▼1.0% | 990 |
| 2013 | $61,092,129 | $34,164,996▲6.4% | $511,277,671▲14.0% | $521,247,742▲13.8% | 990 |
| 2012 | — | $32,118,574▲12.4% | $448,380,906▲8.4% | $457,868,462▲8.2% | 990 |
| 2011 | — | $28,564,622▲11.8% | $413,720,396▲8.3% | $423,285,686▲8.1% | 990 |
| 2010 | — | $25,548,950▲8.0% | $382,131,887▲18.7% | $391,642,429▲17.7% | 990 |
| 2009 | — | $23,653,402 | $321,887,351 | $332,818,358 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Nico Karagosian — $415,999 (0.74% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nico Karagosian | President & Ceo (until Feb 24) | 38 | $415,999 |
| David Gaume | Chief Investment Officer | 36 | $359,736 |
| Major Alston | Senior Associate Vp Advancement and Campaign Director | 38 | $210,124 |
| Candice Casto | Treasurer & Cfo | 36 | $198,344 |
| Jennifer Bowie | Associate Vp of Alumni Relations & Annual Giving and Exec Dir of Ouaa | 40 | $177,283 |
| Teri Gartland | Assistant Vice President, Major Giving | 38 | $159,383 |
| Kelli Kotowski | Assistant Vice President, Gift Planning | 40 | $155,842 |
| Joseph Pauwels | Associate Vp, Advancement Svcs and Deputy Campaign Director | 40 | $143,256 |
| Dawn Tabata | Senior Advisor, Principal Prospects & Donor Strategy | 40 | $135,483 |
| Ann Gabriel | Trustee | 1 | — |
| Ann Wagner Hill | Trustee | 2 | — |
| Bill Brand | Trustee | 6 | — |
| Casey Christopher | Trustee | 1 | — |
| Chaden Djalali | Former Provost | 0 | — |
| Charles Ciuni | Trustee | 5 | — |
| Cynthia Calhoun | Trustee | 1 | — |
| Daryl Sybert | Trustee (until Apr 2024) | 1 | — |
| David Abram | Trustee | 5 | — |
| David Levy | Trustee | 3 | — |
| David Wolfort | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ruffalo Noel Levitz LLC | Fundraising | $408,373 |
| Silchester International Investors LLP | Investment Management | $363,241 |
| Hirtle Callaghan & Co | Investment Management | $258,733 |
| Fund Evaluation Group LLC | Investment Consultant | $244,530 |
| Beach Point Capital Management | Investment Management | $242,363 |
Grants received · $15.7M total
171 grants to Ohio University Foundation totaling $15.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $230,000 |
| American Diabetes Association Inc | Innovative clinical or translational science nutrition | 2024 | $199,696 |
| American Endowment Foundation | Educational | 2024 | $146,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $89,905 |
| American Online Giving Foundation Inc | General support | 2024 | $83,184 |
| Columbus Foundation | Education | 2024 | $75,950 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $50,000 |
| Greater Milwaukee Foundation Inc | William a. and mary bonfield, jr. scholarship fund | 2024 | $38,500 |
| The Blackbaud Giving Fund | General support | 2024 | $6,665 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Cleveland Clinic Foundation | Community support | 2023 | $500,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $499,046 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $383,659 |
| Donor Advised Charitable Giving | Education | 2023 | $348,790 |
| American Diabetes Association Inc | Innovative clinical or translational science nutrition | 2023 | $199,881 |
Grants made · $38.3M in FY2023
1 grant totaling $38.3M in FY2023. All grants made by Ohio University Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Ohio University | Instruction, education, etc. | $38,255,455 |
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Frequently asked questions
- Is Ohio University Foundation a legitimate nonprofit?
- Yes. Ohio University Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-6402269, based in Athens, Ohio. Donations are tax-deductible.
- What is Ohio University Foundation's EIN?
- Ohio University Foundation's Employer Identification Number (EIN) is 31-6402269.
- How much revenue does Ohio University Foundation report?
- Ohio University Foundation reported $69,719,598 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ohio University Foundation's spending goes to programs?
- Ohio University Foundation spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ohio University Foundation have?
- CharityIndex grades Ohio University Foundation B+, based on program efficiency and fundraising cost.
- How much does Ohio University Foundation's highest-paid employee make?
- The highest reported compensation on Ohio University Foundation's latest Form 990 is $415,999, paid to Nico Karagosian (President & Ceo (until Feb 24)).
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Data for Ohio University Foundation (EIN 31-6402269) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.