Franklin & Marshall College

Organization Overview

Franklin & Marshall College is located in Lancaster, PA. The organization was established in 1934. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Franklin & Marshall College employed 2,303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin & Marshall College 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, Franklin & Marshall College generated $209.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $190.2m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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, Franklin & Marshall College has awarded 47 individual grants totaling $1,842,835. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION.

Describe the Organization's Program Activity:

INSTRUCTION: THE COLLEGE GRANTS BACHELOR OF ARTS DEGREES IN 60 FIELDS OF STUDY, WITH A FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENT OF 2,182 DURING THE 2021 ACADEMIC YEAR. THE COLLEGE OFFERS AN INTEGRATED LEARNING ENVIRONMENT WHERE STUDENTS ENGAGE THE VALUES OF THE LIBERAL ARTS - BOTH THROUGH THE CURRICULUM AND IN THEIR LIVES OUTSIDE THE FORMAL CLASSROOM. OUR CURRENT STUDENT TO FACULTY RATIO IS 9 STUDENTS TO EVERY 1 FACULTY MEMBER, WITH AN AVERAGE CLASS SIZE OF 18 STUDENTS.


FINANCIAL AID: THE COLLEGE'S STRATEGIC PLAN INCLUDES A COMMITMENT TO MEET 100% OF EVERY STUDENT'S INSTITUTIONALLY DETERMINED NEED FOR ALL FOUR YEARS OF THEIR EDUCATION. TO THAT END, THE COLLEGE PROVIDES FINANCIAL AID TO 64.8% OF OUR STUDENTS, ALLOWING US TO RECRUIT EXTRAORDINARY TALENT FROM ALL BACKGROUNDS. THE CLASS OF 2025 ENROLLED 513 STUDENTS. THEY BOAST AN AVERAGE SAT SCORE OF 1325 AND AN AVERAGE ACT SCORE OF 30.


STUDENT SERVICES: THE COLLEGE OFFERS A VARIETY OF ACTIVITIES AND EXPERIENCES TO COMPLEMENT THE ACADEMIC PURSUITS OF OUR STUDENTS. THE OFFICE OF STUDENT ENGAGEMENT & LEADERSHIP OFFERS STUDENTS THE OPPORTUNITY TO PARTICIPATE IN DIPLOMATIC CONGRESS, CLUB COUNCIL, THE COLLEGE ENTERTAINMENT COMMITTEE, AND/OR ANY OF OVER 100 STUDENT CLUBS. STUDENTS MAY ALSO PARTICIPATE IN OVER 27 VARSITY, 5 INTRAMURAL, AND NUMEROUS CLUB SPORTS TEAMS. THE COLLEGE'S GREEK LIFE AND COLLEGE HOUSE SYSTEM PROMOTE A SENSE OF COMMUNITY AMONG ALL STUDENTS.


AUXILIARY OPERATIONS: ACADEMIC SUPPORT, RESEARCH, PUBLIC SERVICE, AND INSTITUTIONAL SUPPORT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lancaster General Medical Grp
Student Health Svcs.
$1,448,393
Sheet Metal Specialists Llc
Construction Svc.
$1,071,657
Sodexo Inc & Affiliates
Food Services Mgmt.
$3,576,731
Poole Anderson Construction Llc
Construction Svc.
$5,512,468
Tiaa Kaspick
Investment Management
$275,195
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,858,277
All other contributions, gifts, grants, and similar amounts not included above$22,407,658
Noncash contributions included in lines 1a–1f $4,563,170
Total Revenue from Contributions, Gifts, Grants & Similar$27,265,935
Total Program Service Revenue$148,397,333
Investment income $5,740,408
Tax Exempt Bond Proceeds $0
Royalties $23,498
Net Rental Income $361,857
Net Gain/Loss on Asset Sales $25,801,724
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $209,519,207

Grants Awarded

Over the last fiscal year, Franklin & Marshall College has awarded $142,500 in support to 2 organizations.

Grant RecipientAmount

LANCASTER CITY ALLIANCE

Org PageRecipient Profile

Lancaster, PA

PURPOSE: LANCASTER CITY EDP

$130,000

Lancaster, PA

PURPOSE: STAGE PRODUCTIONS

$12,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Franklin & Marshall College has recieved totaling $25,000.

Awarding OrganizationAmount
Gipson Family Foundation

Raleigh, NC

PURPOSE: GENERAL ACTIVITIES

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$326,941,394
Earnings$129,279,816
Admin Expense$2,844,936
Net Contributions$6,268,612
Other Expense$11,765,973
Grants$6,558,470
Ending Balance$441,320,443

Peer Organizations

Organization NameAssets
Ithaca College
Ithaca, NY
$365,679,639
Touro University
New York, NY
$321,976,604
Saint Josephs University
Philadelphia, PA
$347,052,680
Colgate University Treasurers Office
Hamilton, NY
$378,114,548
Oberlin College
Oberlin, OH
$305,531,376
Skidmore College
Saratoga Springs, NY
$268,742,242
Lafayette College
Easton, PA
$228,460,340
Swarthmore College
Swarthmore, PA
$364,464,007
Denison University
Granville, OH
$275,909,448
Barnard College
New York, NY
$267,817,606
Gettysburg College
Gettysburg, PA
$196,773,554
Trustees Of Hamilton College
Clinton, NY
$220,131,728

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