Purchase College Foundation

Organization Overview

Purchase College Foundation is located in Purchase, NY. The organization was established in 1970. 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. Purchase College 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 06/2022, Purchase College Foundation generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION AND SUPPORT OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK. UNIQUELY, PURCHASE COLLEGE COMBINES BOTH RENOWNED AND HIGHLY SELECTIVE PROFESSIONAL AND CONSERVATORY ARTS PROGRAMS WITH DISTINGUISHED LIBERAL ARTS AND SCIENCES PROGRAMS. THE LARGEST PROGRAMS ARE IN VISUAL ARTS, MUSIC, LIBERAL STUDIES, PSYCHOLOGY, DANCE, BIOLOGY, JOURNALISM AND NEW MEDIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED RESOURCES IN ORDER TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY, AID IN CURRICULUM ENHANCEMENT AND SUPPORT PUBLIC LECTURES WHICH PROVIDE OPPORTUNITIES FOR STUDENTS AND LOCAL COMMUNITY MEMBERS ALIKE TO INTERACT WITH EXPERTS IN VARIOUS DISCIPLINES.


INSTITUTIONAL SCHOLARSHIPS ARE AWARDED BY THE COLLEGE USING FUNDS FROM THE PURCHASE COLLEGE FOUNDATION, AS WELL AS OTHER SOURCES. FOUNDATION FUNDS COME FROM THE GENEROUS CONTRIBUTIONS OF DONORS TO THE FOUNDATION. THESE DONORS ARE INDIVIDUALS, FAMILIES, FOUNDATIONS AND CORORATIONS. DURING THE 2021-2022 ACADEMIC YEAR, 638 STUDENTS WERE RECIPIENTS OF SCHOLARSHIPS FROM THE PURCHASE COLLEGE FOUNDATION.


THE NEUBERGER MUSEUM OF ART IS THE PREMIER MUSEUM OF MODERN, CONTEMPORARY AND AFRICAN ART IN WESTCHESTER AND FAIRFIELD COUNTIES. A TEACHING MUSEUM, THE NEUBERGER PROMOTES THE APPRECIATION AND ENJOYMENT OF THE VISUAL ARTS AS INSEPARABLE FROM AN UNDERSTANDING OF THEIR PLACE IN CULTURAL AND INTELLECTUAL HISTORY AND THEIR RELEVANCE TO CONTEMPORARY SOCIAL LIFE. AS AN INTERGRAL PART OF PURCHASE COLLEGE AND A VITAL CENTER OF THE COMMUNITY ENGAGEMENT, THE NEUBERGER SUPPORTS LIFELONG LEARNING BY TAKING A CRITICAL, INTERDISCIPLINARY APPROACH TO ITS COLLECTIONS, EXHIBITIONS, AND PUBLIC PROGRAMS. APPROXIMATELY 16,900 VISITORS ATTEND THE MUSEUM EACH YEAR.


OTHER PROGRAM SERVICES


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Board, Officers & Key Employees

Name (title)Compensation
Lucille Werlinich
Chair
$0
David Fleisher
Vice Chair
$0
Michelle C Ifill
Vice Chair
$0
William Klingenstein
Secretary
$0
Judith A Riggs
Treasurer
$0
Suellen Peluso
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Purchase College
Fee For Services
$537,341
Opus 3 Artists
Artist Fees
$147,000
Boston Symphony Orchestra Inc
Artist Fees
$165,000
Columbia Artist Management Llc
Artist Fees
$117,000
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$2,278,857
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,278,857
Total Program Service Revenue$300,057
Investment income $1,317,169
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,927,508
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,823,591

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Purchase College Foundation has recieved totaling $40,000.

Awarding OrganizationAmount
Merce Cunningham Trust

New York, NY

PURPOSE: TO SUPPORT COURSES IN MODERN TECHNIQUE AND MODERN REPERTORY WITHIN THE PURCHASE COLLEGE CONSERVATORY OF DANCE.

$25,000
Merce Cunningham Trust

New York, NY

PURPOSE: TO SUPPORT COURSES IN MODERN TECHNIQUE AND MODERN REPERTORY WITHIN THE PURCHASE COLLEGE CONSERVATORY OF DANCE.

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$90,209,904
Earnings-$8,809,815
Net Contributions$944,302
Other Expense$4,041,215
Grants$969,007
Ending Balance$77,334,169

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