Foundation Of The State University Of New York At Binghamton Inc

Organization Overview

Foundation Of The State University Of New York At Binghamton Inc is located in Binghamton, NY. The organization was established in 1958. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The State University Of New York At Binghamton 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 06/2021, Foundation Of The State University Of New York At Binghamton Inc generated $29.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $22.7m during the year ending 06/2021. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Foundation Of The State University Of New York At Binghamton Inc has awarded 16 individual grants totaling $89,917,277. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION WAS ESTABLISHED TO ACCEPT AND ENCOURAGE GIFTS TO THE FOUNDATION AND TO ADVANCE THE WELFARE AND DEVELOPMENT OF THE UNIVERSITY TO MAKE GRANTS OF FINANCIAL ASSISTANCE TO THE UNIVERSITY AND ITS FACULTY AND STUDENTS; TO RECEIVE, HOLD AND ADMINISTER SUCH GIFTS TO SERVICE THE PREVIOUSLY STATED PURPOSE

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF ACTIVITIES OF THE UNIVERSITY BY MEANS OF SCHOLARSHIPS AND GRANTS TO QUALIFYING STUDENTS ($4,040,578), FINANCIAL ASSISTANCE TO THE PROGRAMS AND ACTIVITIES OF THE FACULTY AND STUDENTS OF THE UNIVERSITY ($18,738,120), AND ALLOCATED ADMINISTRATIVE EXPENSES FOR THESE PROGRAMS ($891,698).


BINGHAMTON UNIVERSITY FORUM IS A MEMBER ONLY GROUP FORMED BY THE FOUNDATION TO PROMOTE COMMUNITY RELATIONS AND ENCOURAGE PRIVATE SUPPORT OF THE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Owen Pell
Chair
$0
Andrew Bonzani
Treasurer
$0
Stuart Koenig
Vice Chair
$0
Anita Borkenstein
Secretary
$0
Sheila Doyle
Executive Director
$0
Sheldon Goldfarb
Past Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mercer Investments Llc
Investment Consultant
$121,193
Steegethomson Communications Inc
Fundraising Consultant
$124,500
Wilson-bennett Technology Inc
Fundraising Consultant
$318,330
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,146,029
Investment income $5,788,755
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,428,353
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $29,318,635

Grants Awarded

Over the last fiscal year, Foundation Of The State University Of New York At Binghamton Inc has awarded $18,738,120 in support to 2 organizations.

Grant RecipientAmount

STATE UNIVERSITY OF NEW YORK AT BINGHAMTON

PURPOSE: FACULTY AND STUDENT PROGRAM SUPPORT

$18,508,120

STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ALUMNI ASSOCIATION

Org PageRecipient Profile

Binghamton, NY

PURPOSE: SUPPORT OF ALUMNI OPERATIONS

$230,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 39 grants that Foundation Of The State University Of New York At Binghamton Inc has recieved totaling $1,879,692.

Awarding OrganizationAmount
Charles E Scheidt Family Foundation

Wilmington, DE

PURPOSE: SUPPORT FOR THE INSTITUTE FOR GENOCIDE AND MASS ATROCITY PREVENTION

$325,000
Suny Impact Foundation Inc

New York, NY

PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS

$203,737
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$200,000
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$191,053
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$191,053
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$138,825
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$145,497,009
Earnings-$9,258,565
Net Contributions$6,862,693
Other Expense$5,959,302
Grants$2,303,789
Ending Balance$134,838,046

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