OHIO STATE UNIVERSITY FOUNDATION

EIN: 311145986 501(c)(3) Education

Columbus, OH

Total Revenue
$378,949,364
Total Expenses
$355,007,186
Total Assets
$2,154,660,357
Net Assets
$2,082,391,898
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OH
Principal Officer
Michael Eicher
Phone
6142921600
Tax Period
2024-07-01 to 2025-06-30

OHIO STATE UNIVERSITY FOUNDATION, founded in 1985, is a major nonprofit in the Education sector that reported $378.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $355.0M left a modest 6% surplus.

Mission

The Ohio State University Foundation is The Ohio State University's primary fundraising and gift-receiving organization. Its purpose is to advance the mission of Ohio State by pursuing and securing private support to benefit Ohio State students, faculty, programs, and/or facilities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $330,827,274
Program Service Revenue $0
Investment Income $42,024,220
Other Revenue $6,097,870
TOTAL REVENUE $378,949,364

Expense Breakdown

Grants Paid $0
Salaries & Benefits $156,555
Fundraising Expenses $0
Program Expenses $322,142,884
Other Expenses $354,850,631
TOTAL EXPENSES $355,007,186

Year-over-Year Comparison

2024 2023 Change
Revenue $378,949,364 $348,297,593 +0.1%
Expenses $355,007,186 $294,953,508 +0.2%
Net Income $23,942,178 $53,344,085 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
49
Independent Members
49
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
49
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alec Wightman Board of Directors 0.25
Director
$0 $0 $0
Anne E Klamar Board of Directors 0.25
Director
$0 $0 $0
Ayann Howard Ex Officio Director 0.25
Director
$0 $0 $0
Bonita D Griffin Board of Directors and Officer 0.5
Officer Director
$0 $0 $0
Carter G Phillips Board of Directors and Officer 0.5
Officer Director
$0 $0 $0
Caryn Covelli Board of Directors 0.25
Director
$0 $0 $0
Corbett A Price Board of Directors 0.25
Director
$0 $0 $0
Cynthia Hilsheimer Board of Directors 0.25
Director
$0 $0 $0
Daniel Coombs Board of Directors 0.25
Director
$0 $0 $0
Daniel J Wampler Board of Directors 0.25
Director
$0 $0 $0
Elizabeth B Germain Board of Directors 0.25
Director
$0 $0 $0
Frank D Mauceri Board of Directors 0.25
Director
$0 $0 $0
G Gilbert Cloyd Board of Directors 0.25
Director
$0 $0 $0
Gay Su Pinnell Board of Directors 0.25
Director
$0 $0 $0
Georganne Shockey Board of Directors 0.25
Director
$0 $0 $0
Gifford Weary Board of Directors and Officer 0.5
Officer Director
$0 $0 $0
Jacinto Beard Board of Directors 0.25
Director
$0 $0 $0
Jack Cowart Board of Directors 0.25
Director
$0 $0 $0
James F Dietz Board of Directors and Officer 0.5
Officer Director
$0 $0 $0
Janet Porter Board of Directors 0.25
Director
$0 $0 $0
Jennifer J Ostenson Board of Directors 0.25
Director
$0 $0 $0
Joe Borgo Board of Directors 0.25
Director
$0 $0 $0
John C Lindberg Board of Directors 0.25
Director
$0 $0 $0
Keith B Key Board of Directors and Officer 0.5
Officer Director
$0 $0 $0
Keith D Monda Board of Directors 0.25
Director
$0 $0 $0
Lee Shackelford Board of Directors 0.25
Director
$0 $0 $0
Linda S Kass Board of Directors 0.25
Director
$0 $0 $0
Lisa Hinson Board of Directors 0.25
Director
$0 $0 $0
Marnette Perry Board of Directors 0.25
Director
$0 $0 $0
Maryann Kennedy Board of Directors 0.25
Director
$0 $0 $0
Matthew D Magee Board of Directors 0.25
Director
$0 $0 $0
Melissa S Shivers Ex Officio Director 0.25
Director
$0 $0 $0
Michael C Eicher Ex Officio Director and Officer 0.5
Officer Director
$0 $0 $0
Molly Ranz Calhoun Ex Officio Director 0.25
Director
$0 $0 $0
Nanette Nardi Triplett Board of Directors 0.25
Director
$0 $0 $0
Peter J Mohler Ex Officio Director 0.25
Director
$0 $0 $0
Phyllis A Cummins Board of Directors 0.25
Director
$0 $0 $0
Ratmir V Timashev Board of Directors 0.25
Director
$0 $0 $0
Ravi V Bellamkonda Ex Officio Director 0.25
Director
$0 $0 $0
Robert H Schottenstein Board of Directors 0.25
Director
$0 $0 $0
Robert W Savage Board of Directors 0.25
Director
$0 $0 $0
Sara Ziegler Board of Directors 0.25
Director
$0 $0 $0
Stanley D Ross Board of Directors 0.25
Director
$0 $0 $0
Stephen D Milligan Board of Directors 0.25
Director
$0 $0 $0
Stephen G Mehallis Board of Directors 0.25
Director
$0 $0 $0
Susan Gerlach Douglass Board of Directors 0.25
Director
$0 $0 $0
Tanny Crane Board of Directors 0.25
Director
$0 $0 $0
Timothy P Smucker Board of Directors 0.25
Director
$0 $0 $0
Walter Ted Carter Jr Ex Officio Director 0.25
Director
$0 $0 $0
Jake Wozniak Officer 0.25
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $378,949,364 $355,007,186 $2,154,660,357 $23,942,178
2024 $348,297,593 $294,953,508 $1,952,395,539 $53,344,085
2023 $353,823,681 $300,050,665 $1,756,992,042 $53,773,016
2022 $350,432,065 $296,174,284 $1,631,201,845 $54,257,781
2021 $308,471,850 $274,668,078 $1,635,635,185 $33,803,772
2020 $367,876,357 $285,915,842 $1,284,816,137 $81,960,515
2019 $357,145,506 $268,330,248 $1,270,606,016 $88,815,258
2018 $261,418,672 $244,900,215 $1,149,676,648 $16,518,457
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