Oregon State University Foundation


The Oregon State University Foundation is an American private nonprofit corporation dedicated to enhancing the mission of Oregon State University in Corvallis, Oregon.[1] The OSU Foundation is governed by a volunteer Board of Trustees.[2]

Oregon State University Foundation
Home of the OSU Foundation
Formation15 October 1947 (1947-10-15)
93-6022772
HeadquartersCorvallis, Oregon, U.S.
President/CEO
 Shawn L. Scoville
Key people
, John Stirek, Chair of the Board of Trustees
Websiteosufoundation.org

Mission

The mission of the Oregon State University Foundation is to "partner with Oregon State University to engage our community, inspire investment and steward resources to enhance the university’s excellence and impact."[3]

History

In 1947, Robert M. Kerr, Edwin B. Aldrich and E. C. Sammons established the Oregon State College Foundation with the aid of OSC President A. L. Strand.[4] They saw the foundation as a means of creating opportunities that the college could not fulfill with state funds alone. That year they collected the OSC Foundation's first donation, a sum of five dollars. The OSC Foundation officially became the Oregon State University Foundation on November 14, 1962.

The university's endowment began with $20,000 in 1961. It took 16 years to reach its first $1 million in total receipts, and four more years to double that amount. Today the university's composite endowment totals more than $600 million,[5] with earnings distributed annually.

With university leaders, the OSU Foundation publicly launched Oregon State's first comprehensive fundraising campaign, The Campaign for OSU, on October 26, 2007, with a goal of $625 million.[6] Donors exceeded the original goal in October 2010, nearly a year ahead of schedule, and the goal was increased to $850 million. In March 2012 the goal was raised to $1 billion.[7] At OSU's annual State of the University address in Portland on January 31, 2014, President Edward J. Ray announced that campaign contributions had passed $1 billion, putting Oregon State with a group of 35 other public universities to cross the billion-dollar fundraising mark and one of only two organizations in the Pacific Northwest to reach the $1 billion campaign milestone.[8][9][10] The Campaign for OSU concluded on December 31, 2014, with more than $1.1 billion from 106,000 donors.[11][12]

References
  1. "OSU Foundation - About the OSU Foundation". www.osufoundation.org. Retrieved 2016-04-29.
  2. "OSU Foundation - Volunteer Leadership". www.osufoundation.org. Retrieved 2016-04-29.
  3. https://www.osufoundation.org/s/359/foundation/index.aspx?sid=359&gid=34&pgid=4417
  4. "OSU Foundation - Our History". www.osufoundation.org. Retrieved 2016-04-29.
  5. "OSU Foundation, FY19 Endowment Performance" (PDF). www.osufoundation.org.
  6. "Oregon State University launches $625 million campaign, the first in OSU history". oregonstate.edu. OSU News and Research Communications. Retrieved 2016-04-29.
  7. "Goal expanded to $1 billion for 'Campaign for OSU'". OSU News and Research. Retrieved 2016-04-29.
  8. "OSU Surpasses Fundraising Milestone of $1 Billion". OSU Foundation. Retrieved 2014-01-31.
  9. "Oregon State University's fundraising passes $1 billion". Portland Business Journal. Retrieved 2014-01-31.
  10. "Oregon State University raises $1.01 billion -- well ahead of schedule". OregonLive.com. Retrieved 2016-04-29.
  11. "Summary of The Campaign for OSU". OSU Foundation.
  12. "OSU Foundation - The Campaign for OSU". www.osufoundation.org. Retrieved 2016-04-29.
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