Shippensburg University Foundation

Organization Overview

Shippensburg University Foundation is located in Shippensburg, PA. The organization was established in 1978. 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 06/2021, Shippensburg University Foundation employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shippensburg 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, Shippensburg University Foundation generated $11.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $10.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SHIPPENSBURG UNIVERSITY FOUNDATION SECURES FUNDS FOR THE BENEFIT OF THE STUDENTS AND PROGRAMS OF SHIPPENSBURG UNIVERSITY. THE SU FOUNDATION SECURES ANNUAL AND CAPITAL SUPPORT FOR, BUT NOT LIMITED TO, SCHOLARSHIPS, STUDENT AND FACULTY RESEARCH, CULTURAL PROGRAMMING, EQUIPMENT, FACILITIES AND OTHER UNIVERSITY PRIORITIES. THE SU FOUNDATION ALSO MANAGES ENDOWED FUNDS, PROVIDES QUALITY OFF-CAMPUS STUDENT HOUSING AND OPERATES AN ON-CAMPUS CHILD AND FAMILY CENTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SHIPPENSBURG UNIVERSITY FOUNDATION PROVIDES SCHOLARSHIPS, AWARDS, LOW-INTEREST LOANS, AND EMERGENCY ASSISTANCE TO OVER 900 STUDENTS AT SHIPPENSBURG UNIVERSITY. WITHOUT THE SCHOLARSHIPS & OTHER ASSISTANCE PROVIDED BY THE SU FOUNDATION, SOME STUDENTS COULD NOT EXPERIENCE THE OPPORTUNITIES AND BENEFITS OF THE QUALITY EDUCATION FOR WHICH SHIPPENSBURG UNIVERSITY IS WELL-KNOWN.


THE SHIPPENSBURG UNIVERSITY FOUNDATION PROVIDES SAFE, QUALITY AND AFFORDABLE OFF-CAMPUS HOUSING TO OVER 300 STUDENTS. THE SU FOUNDATION'S STUDENT HOUSING PROPERTIES ARE IN CLOSE PROXIMITY TO THE UNIVERSITY. THESE PROPERTIES ARE WELL MAINTAINED AND PROVIDE 24/7 MAINTENANCE, HARD-WIRED FIRE ALARMS AND SPRINKLER SYSTEMS FOR THE SAFETY OF THE STUDENTS. THE SHIPPENSBURG UNIVERSITY FOUNDATION ALSO LEASES VARIOUS PROPERTIES TO SHIPPENSBURG UNIVERSITY FOR USE IN THE REGULAR OPERATION OF THE UNIVERSITY


THE SHIPPENSBURG UNIVERSITY FOUNDATION PROVIDES SUPPORT FOR VARIOUS ACADEMIC & CULTURAL PROGRAMS, JOINT UNDERGRADUATE STUDENT & FACULTY RESEARCH, STATE OF THE ART SCIENTIFIC EQUIPMENT & TECHNOLOGY, STUDENT & FACULTY CONFERENCE ATTENDANCE, PROFESSIONAL DEVELOPMENT, OTHER STUDENT SERVICES, AND ALUMNI PROGRAMS AT SHIPPENSBURG UNIVERSITY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$85,285
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,022,673
Noncash contributions included in lines 1a–1f $1,289,316
Total Revenue from Contributions, Gifts, Grants & Similar$4,107,958
Total Program Service Revenue$4,054,223
Investment income $230,615
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,497,624
Net Income from Fundraising Events $13,815
Net Income from Gaming Activities $26,823
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,552,800

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Shippensburg University Foundation has recieved totaling $16,500.

Awarding OrganizationAmount
Orrstown Bank Foundation Inc

Shippensburg, PA

PURPOSE: TO HELP FURTHER THEIR CHARITABLE CAUSE

$11,500
Sheldon Shapiro Charitable Foundation Inc

Rockville, MD

PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,425,093
Earnings$12,419,484
Net Contributions$1,635,597
Other Expense$62,359
Ending Balance$51,417,815

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