Hunter College Foundation Inc

Organization Overview

Hunter College Foundation Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Hunter College Foundation Inc employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hunter College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Hunter College Foundation Inc generated $37.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $17.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Hunter College Foundation Inc has awarded 51 individual grants totaling $121,321,514. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ACCOMPLISH ITS MISSION, THE HUNTER COLLEGE FOUNDATION ENGAGES IN THE FOLLOWING ACTIVITIES:- ACTIVELY PROMOTES HUNTER COLLEGE, INCLUDING ALL OF ITS SCHOOLS, PROGRAMS, CENTERS, AND CAMPUSES- CULTIVATES RELATIONSHIPS THAT LEAD TO FUNDING- ENGAGES CURRENT AND POTENTIAL DONORS IN THE LIFE OF THE COLLEGE- MANAGES INVESTMENTS JUDICIOUSLY- ENSURES THAT RESTRICTED FUNDS ARE UTILIZED FOR DONOR-RESTRICTED PURPOSESAREAS OF SUPPORT INCLUDE:- FACULTY RECRUITMENT, DEVELOPMENT, AND RETENTION- ACCESS FOR QUALIFIED STUDENTS, INCLUDING SCHOLARSHIPS AND FELLOWSHIPS- STUDENT SUPPORT SERVICES- PROGRAM DEVELOPMENT- MATERIAL, TECHNOLOGY, AND EQUIPMENT- FACILITY DEVELOPMENT AND MAINTENANCE

Describe the Organization's Program Activity:

Part 3 - Line 4a

FACILITY RENOVATIONS:THE HUNTER COLLEGE FOUNDATION SUPPORTS THE REPAIRS, RENOVATION AND IMPROVEMENTS OF THE FACILITIES AT HUNTER COLLEGE SUCH AS RENOVATION OF THE LIBRARY, UPGRADES TO CLASSROOMS AND LABORATORIES AND PURCHASE OF STATE OF THE ART EQUIPMENT. THIS SUPPORTS THE COLLEGE IN ITS ENDEAVOR TO OFFER ITS STUDENTS THE BEST FACILITIES AND LEARNING ENVIRONMENT.


EDUCATIONAL PROGRAMS: THE FOUNDATION PROVIDES SUPPORT TO ACADEMIC PROGRAMS TO HELP ADVANCE EDUCATIONAL EXCELLENCE AND FURTHER CURRICULUM AND FACULTY DEVELOPMENT. THE FOUNDATION ALSO HELPS TO SUPPORT AND CREATE NEW PROGRAMS AND DEPARTMENTS.


SCHOLARSHIPS AND GRANTS: THE HUNTER COLLEGE FOUNDATION DISTRIBUTES A VARIETY OF SCHOLARSHIPS TO DESERVING STUDENTS BASED ON CRITERIA SUCH AS MERIT, NEED, GRADE POINT AVERAGE AND DECLARATION OF A MAJOR COURSE OF STUDY. THESE SCHOLARSHIPS PLAY AN IMPORTANT ROLE IN EDUCATING THE NEXT GENERATION OF CITIZENS AND PERPETUATING THE EXTRAORDINARY HUNTER COMMUNITY OF SCHOLARS, STUDENTS AND ALUMNI. APPROXIMATELY 1,780 STUDENTS RECEIVED SCHOLARSHIPS THROUGH THE HUNTER COLLEGE FOUNDATION IN THE FISCAL YEAR ENDING JUNE 30,2022.DUE TO EXTRAORDINARY PANDEMIC CIRCUMSTANCES AT THE END OF FISCAL YEAR 2021-22, HUNTER COLLEGE FOUNDATION DISTRIBUTED 655 EMERGENCY STIPENDS (APPROXIMATELY $293,662) AND TECHNOLOGY TO STUDENTS IN NEED IN FISCAL YEAR 2021-22.


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Board, Officers & Key Employees

Name (title)Compensation
Suzanne R Santry
Vice Chair
$0
Cathy Weinroth
Chair
$0
Abby Levy
Treasurer
$0
Robie Livingstone
Secretary
$0
Steven Mark
Associate Vice President
$0
Helen Appel
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fabian Bedolla
Capital Projects
$184,845
Trading Cardio For Cosmos Llc
Consulting Services
$142,087
Cabaret Rentals Inc
Tent Rental Services
$473,218
Ruffalo Noel Levitz
Telemarketing Services
$135,000
Businessmine Llc
Mailing Services
$135,067
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $767,800
All other contributions, gifts, grants, and similar amounts not included above$28,127,774
Noncash contributions included in lines 1a–1f $2,724,900
Total Revenue from Contributions, Gifts, Grants & Similar$28,895,574
Total Program Service Revenue$0
Investment income $4,235,010
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,118,254
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $37,248,838

Grants Awarded

Over the last fiscal year, Hunter College Foundation Inc has awarded $8,558,942 in support to 3 organizations.

Grant RecipientAmount

CUNY CENTRAL OFFICE- OFFICE OF UNIVERSITY CONTROLLER

PURPOSE: CUNY CENTRAL OFFICE DISTRIBUTES THE SCHOLARSHIPS TO HUNTER STUDENTS ON BEHALF OF HUNTER COLLEGE

$4,661,240

HUNTER COLLEGE OF THE CITY OF NEW YORK

PURPOSE: TO SUPPORT HUNTER COLLEGE TOWARDS SALARIES, SCHOLARSHIPS, EQUIPMENT, PROGRAM, CAMPUS SCHOOL

$3,514,499

RESEARCH FOUNDATION OF CITY UNIVERSITY OF NEW YORK

Org PageRecipient Profile

New York, NY

PURPOSE: TO SUPPORT RESEARCH

$383,203
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Hunter College Foundation Inc has recieved totaling $385,547.

Awarding OrganizationAmount
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: SCHOLARSHIPS & FINANCIAL AID

$130,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$89,550
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$75,613
Fairfield Countys Community Foundation Inc

Norwalk, CT

PURPOSE: FOR GENERAL SUPPORT.

$25,000
$17,750
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$10,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$94,479,130
Earnings-$9,284,423
Net Contributions$3,782,268
Other Expense$3,803,471
Ending Balance$85,173,504

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