Oregon State University Foundation

Last updated
Oregon State University Foundation
Formation15 October 1947 (1947-10-15)
93-6022772
HeadquartersCorvallis, Oregon, U.S.
President/CEO
Shawn L. Scoville
Key people
Penny Atkins, Chair of the Board of Trustees
Website fororegonstate.org

The Oregon State University Foundation [1] is an American private nonprofit corporation associated with Oregon State University in Corvallis, Oregon. The OSU Foundation is governed by a volunteer Board of Trustees. [2]

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. [3] 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 $819 million, [4] 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. [5] 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. [6] 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. [7] The Campaign for OSU concluded on December 31, 2014, with more than $1.1 billion from 106,000 donors. [8]

The OSU Foundation and the OSU Alumni Association were integrated in 2017 to coordinate fundraising activities and alumni engagement in service to the university. [9]

On October 14, 2022, the OSU Foundation and university leaders publicly launched Oregon State’s second university-wide fundraising and engagement campaign, Believe It: The Campaign for Oregon State University. Since this campaign began in 2017, donors have committed more than $1 billion to support university priority initiatives toward the $1.75 billion goal. [10]

Related Research Articles

<span class="mw-page-title-main">Oregon State University</span> Public university in Corvallis, Oregon, US

Oregon State University (OSU) is a public land-grant research university based in Corvallis, Oregon. OSU offers more than 200 undergraduate-degree programs along with a variety of graduate and doctoral degrees. It has the seventh-largest engineering college in the nation for 2023. Undergraduate enrollment for all colleges combined averages over 32,000 while an additional 5,000 students are engaged in post-graduate coursework through the university. In 2023, over 37,000 students were enrolled at OSU - making it the largest university in the state. Out-of-state students typically make up over one-quarter of the student body. Since its founding, over 272,000 students have graduated from OSU. It is classified among "R1: Doctoral Universities – Very high research activity".

<span class="mw-page-title-main">University of Oregon</span> Public university in Eugene, Oregon, U.S.

The University of Oregon is a public research university in Eugene, Oregon. Founded in 1876, the university also has two Portland locations, one in Downtown and one in Northeast; a marine station, called the Oregon Institute of Marine Biology, in Charleston; and an observatory, called Pine Mountain Observatory, in Central Oregon.

<span class="mw-page-title-main">Reser Stadium</span> Outdoor athletic stadium in Corvallis, Oregon at Oregon State University

Reser Stadium is an outdoor athletic stadium in the northwest United States, on the campus of Oregon State University in Corvallis, Oregon. The home of the Oregon State Beavers of the Pac-12 Conference, it opened in 1953 as Parker Stadium and was renamed in 1999.

<span class="mw-page-title-main">Fundraising</span> Process of gathering voluntary contributions of money or other resources

Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for non-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.

<span class="mw-page-title-main">Financial endowment</span> Donation to a non profit enterprise for ongoing support

A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.

Oregon Health & Science University (OHSU) is a public research university focusing primarily on health sciences with a main campus, including two hospitals, in Portland, Oregon. The institution was founded in 1887 as the University of Oregon Medical Department and later became the University of Oregon Medical School. In 1974, the campus became an independent, self-governed institution called the University of Oregon Health Sciences Center, combining state dentistry, medicine, nursing, and public health programs into a single center. It was renamed Oregon Health Sciences University in 1981 and took its current name in 2001, as part of a merger with the Oregon Graduate Institute (OGI), in Hillsboro. The university has several partnership programs including a joint PharmD Pharmacy program with Oregon State University in Corvallis.

<span class="mw-page-title-main">John Frohnmayer</span> American attorney, writer, and arts leader from Oregon

John Frohnmayer is a retired attorney from the U.S. state of Oregon. He was the fifth chairman of the National Endowment for the Arts, a program of the United States government. He was appointed by President George H. W. Bush in 1989, and served until 1992.

<span class="mw-page-title-main">Oregon State University College of Engineering</span>

Oregon State University's College of Engineering is the engineering college of Oregon State University, a public research university in Corvallis, Oregon. U.S. News & World Report ranks OSU's engineering college 69th in the nation for 2024. The ranking makes the college one of the top two in the Northwest, while the college's nuclear engineering school ranks 12th nationally.

Bernard Alan Newcomb was an American businessperson and philanthropist who, along with William A. Porter, founded the online discount stock brokerage firm, E*TRADE. Newcomb was legally blind.

<span class="mw-page-title-main">The Valley Library</span> Library on the Oregon State University campus in Corvallis, Oregon, U.S.

The Valley Library is the primary library of Oregon State University and is located at the school's main campus in Corvallis in the U.S. state of Oregon. Established in 1887, the library was placed in its own building for the first time in 1918, what is now Kidder Hall. The current building opened in 1963 as the William Jasper Kerr Library and was expanded and renamed in 1999 as The Valley Library. The library is named for philanthropist F. Wayne Valley, who played football for Oregon State.

<span class="mw-page-title-main">Oregon State University College of Science</span> College within Oregon State University

Oregon State University's College of Science is a public academic institution operating as a member of Oregon State University, a public research university. The college of science consists of seven schools, offering nine undergraduate programs and supporting seven doctoral-granting programs and eight master's degree-granting programs. The college also supports the science discipline colleges and bachelor of science students by offering key undergraduate science courses required by their own curriculums.

<span class="mw-page-title-main">Woodrow Wilson Foundation</span>

The Woodrow Wilson Foundation was an educational non-profit created in 1921, organized under the laws of New York, for the "perpetuation of Wilson's ideals" via periodic grants to worthy groups and individuals. Franklin D. Roosevelt was the chair of the group's governing National Committee, coordinating fundraising activity of parallel groups in each of the 48 states.

Michael Harry Schill is an American legal scholar and academic administrator currently serving as the 17th president of Northwestern University since September 2022.

<span class="mw-page-title-main">Oregon State University College of Business</span>

The Oregon State University College of Business is one of 12 colleges based at Oregon State University's Corvallis, Oregon campus. The college offers business coursework and degrees to students studying at the main campus, the Central Oregon OSU-Cascades campus in Bend, or anywhere in the world through the university's Ecampus. Business classes have been offered at the school since the late 1800s.

<span class="mw-page-title-main">Oregon State University College of Liberal Arts</span>

Oregon State University's College of Liberal Arts is a liberal arts college at Oregon State University, a public research university. Based in Corvallis, Oregon, on the OSU campus, the college of liberal arts is the second largest of the 12 colleges at the university and offers 66 academic programs. The college awarded just over a thousand undergraduate degrees in 2023, the second most of all OSU colleges.

<span class="mw-page-title-main">Oregon Hops and Brewing Archives</span>

The Oregon Hops and Brewing Archives (OHBA), established in 2013, is a community archive in the U.S. dedicated to collecting, preserving, and sharing materials about the story of Northwest hops and brewing.

Te May Ching (1923-2020) was a seed physiologist and worked for the OSU Crop Science Department from 1956 until her retirement in 1988.

Clare Reimers is a Distinguished Professor of Ocean Ecology and Biogeochemistry at Oregon State University's College of Earth, Ocean and Atmospheric Sciences.

References

  1. "Oregon State University Foundation Homepage". fororegonstate.org. Retrieved 2022-04-13.
  2. "OSU Foundation Board of Trustees". fororegonstate.org. Retrieved 2022-04-13.
  3. "Our History and Our Impact". fororegonstate.org. Retrieved 2022-04-13.
  4. "Financial Information". fororegonstate.org. Retrieved 2022-04-13.
  5. "Oregon State University launches $625 million campaign, the first in OSU history". oregonstate.edu. 2009-07-06. Retrieved 2022-04-13.
  6. "Goal expanded to $1 billion for 'Campaign for OSU'". oregonstate.edu. 2012-03-05. Retrieved 2022-04-13.
  7. "Oregon State University's fundraising passes $1 billion". Portland Business Journal. Retrieved 2014-01-31.
  8. "The Campaign for OSU". fororegonstate.edu. Retrieved 2022-04-13.
  9. "Our History and Our Impact". fororegonstate.edu. Retrieved 2022-04-13.
  10. "Oregon State University announces second campaign with $1 billion already given toward $1.75 billion goal".