California Polytechnic State University Foundation

Organization Overview

California Polytechnic State University Foundation is located in San Luis Obispo, CA. The organization was established in 2006. 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. California Polytechnic State University Foundation 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, California Polytechnic State University Foundation generated $44.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $40.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, California Polytechnic State University Foundation has awarded 39 individual grants totaling $146,363,002. 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'S PURPOSE IS TO OPERATE AS AN AUXILIARY ORGANIZATION OF THE CALIFORNIA STATE UNIVERSITY BY SUPPORTING THE SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES OF CALIFORNIA POLYTECHNIC STATE UNIVERSITY, SAN LUIS OBISPO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES IN SUPPORT OF THE EDUCATIONAL MISSION OF THE UNIVERSITY; INCLUDING INSTRUCTION, RESEARCH, MAINTENANCE, SCHOLARSHIPS AND OTHER ACADEMIC AND INSTITUTIONAL SUPPORT.


MANAGEMENT AND INVESTMENT OF CAMPUS PROGRAM FUNDS AND ENDOWMENT FUNDS, THE EARNINGS ON WHICH ARE RESTRICTED FOR THE BENEFIT OF THE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey D Armstrong
University President & CEO
$0
William H Swanson
Chairman
$0
Charles L Harrington
Vice Chairman
$0
John Ronca
Secretary
$0
Marc Benadiba
Treasurer
$0
Philip S Bailey Jr
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kaspick & Company
Investment Advisor
$509,696
Cal Poly Corporation
Administrative Services
$156,857
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$29,386,176
Noncash contributions included in lines 1a–1f $3,323,505
Total Revenue from Contributions, Gifts, Grants & Similar$29,386,176
Total Program Service Revenue$0
Investment income $6,361,875
Tax Exempt Bond Proceeds $0
Royalties $2,757
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,588,974
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,339,782

Grants Awarded

Over the last fiscal year, California Polytechnic State University Foundation has awarded $18,899,566 in support to 4 organizations.

Grant RecipientAmount

CALIFORNIA POLYTECHNIC STATE UNIVERSITY

PURPOSE: SUPPORT OF THE UNIVERSITY

$13,776,777

CALIFORNIA POLYTECHNIC STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS FOR STUDENTS AS DETERMINED BY THE UNIVERSITY

$2,619,075

CAL POLY CORPORATION

Org PageRecipient Profile

San Luis Obispo, CA

PURPOSE: CONTRIBUTIONS TO CAL POLY CORPORATION IN SUPPORT OF THE UNIVERSITY

$2,482,814

ASSOCIATED STUDENTS INC

Org PageRecipient Profile

San Luis Obispo, CA

PURPOSE: CONTRIBUTIONS TO ASSOCIATED STUDENTS, INC. IN SUPPORT OF THE UNIVERSITY

$20,900
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 76 grants that California Polytechnic State University Foundation has recieved totaling $7,595,013.

Awarding OrganizationAmount
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: EDUCATION

$3,858,450
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$1,127,871
The Raintree Foundation

Goleta, CA

PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE

$300,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$298,375
American Diabetes Association

Arlington, VA

PURPOSE: Innovative Clinical or Translational Science

$190,000
American Diabetes Association

Arlington, VA

PURPOSE: Innovative Clinical or Translational Science

$190,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$223,790,671
Earnings$66,889,832
Admin Expense-$520,209
Net Contributions$7,315,696
Other Expense-$10,499,364
Grants-$2,619,075
Ending Balance$284,357,551

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