The Bloomsburg University Foundation Inc

Organization Overview

The Bloomsburg University Foundation Inc is located in Bloomsburg, PA. The organization was established in 1971. 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 06/2022, Bloomsburg University Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomsburg University 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 06/2021, Bloomsburg University Foundation Inc generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $6.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Bloomsburg University Foundation Inc has awarded 26 individual grants totaling $16,937,181. 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

SEE SCHEDULE O. THE BLOOMSBURG UNIVERSITY FOUNDATION INSPIRES AND STEWARDS PHILANTHROPY AND OTHER REVENUE GROWTH IN SUPPORT OF BLOOMSBURG UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS - THE BLOOMSBURG UNIVERSITY FOUNDATION (BUF) PROVIDES SCHOLARSHIPS AND AWARDS TO MORE THAN 1000 STUDENTS AT BLOOMSBURG UNIVERSITY (BU). THESE SCHOLARSHIPS PROVIDE RESOURCES TO HELP RECRUIT STUDENTS, REWARD INCOMING FRESHMEN FOR THEIR HARD WORK AND TO RETAIN RETURNING STUDENTS. THIS SUPPORT IS INSTRUMENTAL IN HELPING THE UNIVERSITY REACH ITS GOAL OF PROVIDING A QUALITY EDUCATIONAL EXPERIENCE AT AN AFFORDABLE COST. IT ALLOWS BU TO BE A PREMIER PUBLIC COMPREHENSIVE UNIVERSITY, RECOGNIZED AS A CENTER FOR THINKING, LEARNING AND ACADEMIC EXCELLENCE. IT ALSO HELPS OUR UNIVERSITY TO CONTINUE TO ANTICIPATE AND ADDRESS THE CHANGING NEEDS OF THE COMMONWEALTH AND TO BE A DIVERSE COMMUNITY THAT PRODUCES POSITIVE CHANGE AND ENCOURAGES A CULTURE OF GOOD STEWARDSHIP OF OUR RESOURCES AND THE ENVIRONMENT, DEVELOPING INDIVIDUALS WHO WILL BE CONTRIBUTING CITIZENS.


ACADEMIC PROJECTS - FUNDING PROVIDED BY THE BUF SUPPORTS A NUMBER OF ACADEMIC PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE FOR BU STUDENTS. PROJECTS FUNDED BY THE BUF COVER AREAS THAT INCLUDE, BUT ARE NOT LIMITED TO: ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, TRAVEL, PUBLIC SERVICE, EXTERNAL RELATIONS, ARTWORK AND RESEARCH. THESE PROGRAMS SERVE AS THE FOUNDATION OF THE PRINCIPAL RESOURCES FOR BU FACULTY, STAFF AND STUDENTS. THEY SUPPORT THE UNIVERSITY'S EFFORTS TO EXPAND PROFESSIONAL DEVELOPMENT AND EXPERIENTIAL LEARNING OPPORTUNITIES THAT OCCUR BEYOND THE CLASSROOM SETTING AND ARE VITAL IN PREPARING BU STUDENTS TO ENTER A COMPETITIVE WORKFORCE.


ATHLETIC PROJECTS - THE BUF PROVIDES SCHOLARSHIP AND PROGRAM SUPPORT TO APPROXIMATELY 450 STUDENT-ATHLETES OF BLOOMSBURG UNIVERSITY.


ADMINISTRATIVE SUPPORT - THE BUF PROVIDES PROGRAMS TO ALL FACULTY AND STAFF OF BLOOMSBURG UNIVERSITY TO FURTHER DEVELOP THEIR SKILLS.ALUMNI ASSOCIATION - THE BUF PROVIDES ACTIVITIES AND PROGRAM SUPPORT FOR THE 75,000 ALUMNI OF BLOOMSBURG UNIVERSITY.OTHER PROJECTS - THE BUF PROVIDES PROGRAM SUPPORT AND FUNDING FOR FACULTY AND STAFF, FACULTY AND STAFF RECRUITMENT AND RESEARCH, AS WELL AS EMERGING OPPORTUNITIES TO ALLOW THE UNIVERSITY TO RESPOND DECISIVELY AND TO CAPITALIZE ON NEW AREAS OF ACADEMIC PROGRAMMING, STUDENT OPPORTUNITIES AND CAPITAL PROJECTS THAT WILL HELP TO ENSURE THE CONTINUED ADVANCEMENT AND SUCCESS OF BLOOMSBURG UNIVERSITY.LIBRARY PROJECTS - THE BUF PROVIDES SUPPORT TO THE STAFF AND STUDENTS OF THE CAMPUS LIBRARY TO ENSURE MATERIALS ARE AVAILABLE TO STUDENTS FOR THEIR EDUCATIONAL NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Jerome Dvorak
Executive Director
$178,125
Drew Hostetter
Chairman
$0
Craig Diehl
Treasurer
$0
Nicholas Giuffre
Corresponding Secretary
$0
Michael Gillespie
Vice Chair
$0
Harold Bailey
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,480,577
Investment income $1,428,296
Tax Exempt Bond Proceeds $0
Royalties $22,283
Net Rental Income -$635,467
Net Gain/Loss on Asset Sales $2,272,313
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,727,266

Grants Awarded

Over the last fiscal year, The Bloomsburg University Foundation Inc has awarded $3,730,207 in support to 4 organizations.

Grant RecipientAmount

BLOOMSBURG UNIVERSITY

PURPOSE: SCHOLARSHIPS

$2,852,375

BLOOMSBURG UNIVERSITY

PURPOSE: ACADEMIC PROJECTS

$695,517

BLOOMSBURG UNIVERSITY

PURPOSE: ATHLETICS

$119,471

BLOOMSBURG UNIVERSITY

PURPOSE: OTHER PROJECTS

$62,844
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Bloomsburg University Foundation Inc has recieved totaling $1,507,613.

Awarding OrganizationAmount
Zeigler Family Foundation

Schwenksville, PA

PURPOSE: ZCOB

$1,505,613
Zeigler Family Foundation

Schwenksville, PA

PURPOSE: 1867 MINUTES OF GIVING

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$64,333,486
Earnings-$9,301,099
Admin Expense$933,059
Net Contributions$4,211,331
Grants$1,282,529
Ending Balance$57,028,130

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