Potsdam College Foundation Inc

Organization Overview

Potsdam College Foundation Inc is located in Potsdam, 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. Potsdam College Foundation 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 06/2022, Potsdam College Foundation Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.3m 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 MISSION OF THE POTSDAM COLLEGE FOUNDATION IS TO SECURE AND MANAGE PRIVATE FINANCIAL SUPPORT AND OTHER GIFTS THAT BUILD A SUSTAINABLE FUTURE FOR SUNY POTSDAM. THE FOUNDATION IS COMMITTED TO THE COLLEGE'S GOAL TO RECRUIT AND RETAIN STUDENTS, AND ENHANCE THEIR EXPERIENCES IN AND OUT OF THE CLASSROOM. THE FOUNDATION STEWARDS ITS RESOURCES FOR THE LONG-TERM BENEFIT OF SUNY POTSDAM WHILE ALSO PROVIDING THE MAXIMUM POSSIBLE CURRENT FINANCIAL SUPPORT TO THE COLLEGE AND ITS STUDENTS, CONSISTENT WITH THE WISHES OF THE FOUNDATION'S GENEROUS DONORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE POTSDAM COLLEGE FOUNDATION IS A NON-PROFIT CORPORATION, ESTABLISHED IN 1968 TO STEWARD THE CONTINUED GROWTH OF PRIVATE GIVING IN SUPPORT OF SUNY POTSDAM. THE FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES WHICH INCLUDES REPRESENTATION FROM SUNY POTSDAM'S ALUMNI, FACULTY, FACULTY EMERITI AND STUDENTS, AS WELL AS THE REGIONAL AND NATIONAL COMMUNITY. GIFTS TO THE FOUNDATION ARE USED TO PROVIDE ANNUAL SUPPORT TO MEET ONGOING CAMPUS NEEDS AND TO ESTABLISH PERMANENT ENDOWMENTS TO SUPPORT SUCH THINGS AS STUDENT SCHOLARSHIPS AND PROGRAMS. IN ADDITION, THE FOUNDATION OWNS ART OBJECTS AND CULTURAL ARTIFACTS THAT ARE USED FOR TEACHING AND FOR DISPLAY ON THE CAMPUS. THE TOTAL ASSETS MANAGED BY THE FOUNDATION EXCEED $51.176 MILLION, INCLUDING AN ENDOWMENT COMPRISED OF GIFTS FROM BOTH INDIVIDUALS AND INVESTMENT RETURN.


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Board, Officers & Key Employees

Name (title)Compensation
Amy Kellogg
Current President
$0
Mary Helander
Secretary
$0
Christine Haile
Treasurer
$0
Ronald Fishbeck
Vice President
$0
Julie Helenbrook
Foundation Business Manager
$0
Karen Clary
Former Foundation Business Manager
$0

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$2,435,384
Noncash contributions included in lines 1a–1f $347,493
Total Revenue from Contributions, Gifts, Grants & Similar$2,435,384
Total Program Service Revenue$332,189
Investment income $1,465,408
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $606,157
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,839,138

Grants Awarded

Over the last fiscal year, Potsdam College Foundation Inc has awarded $3,920,506 in support to 2 organizations.

Grant RecipientAmount

STATE UNIVERSITY OF NEW YORK (SUNY POTSDAM)

PURPOSE: PROGRAMS, CAMPUS IMPROVEMENTS, DEVELOPMENT, STUDENT SCHOLARSHIPS

$3,915,506

CANTON POTSDAM HOSPITAL

Org PageRecipient Profile

Potsdam, NY

PURPOSE: ANNUAL SUPPORT FOR SERVICES PROVIDED TO CAMPUS/STUDENTS

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Potsdam College Foundation Inc has recieved totaling $833,016.

Awarding OrganizationAmount
Suny Impact Foundation Inc

New York, NY

PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS

$667,670
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$68,000
Arconic Foundation

Pittsburgh, PA

PURPOSE: EXPANSION OF COMMUNITY AND K-12 ACCESS TO EXPERTS AND CRAFTSPEOPLE

$40,000
John And Joan Daddario Foundation Inc

Locust Valley, NY

PURPOSE: TO HELP SUPPORT THE ORGANIZATIONS CAUSE

$25,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: EDUCATION

$13,500
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$8,448
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$40,062,769
Earnings$1,935,884
Net Contributions$1,028,077
Grants$1,799,911
Ending Balance$41,226,819

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