Appalachian State University Foundation Inc

Organization Overview

Appalachian State University Foundation Inc is located in Boone, NC. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian State 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 06/2020, Appalachian State University Foundation Inc generated $18.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $17.6m during the year ending 06/2020. While expenses have increased by 3.9% 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, Appalachian State University Foundation Inc has awarded 36 individual grants totaling $136,718,029. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH IMPACTFUL AND ENGAGED STEWARDSHIP, FUNDRAISING, FINANCIAL MANAGEMENT, AND THOUGHTFUL BOARD LEADERSHIP, THE APPALACHIAN STATE UNIVERSITY FOUNDATION WILL PROVIDE SIGNIFICANT RESOURCES IN SUPPORT OF THE UNIVERSITY'S MISSION AND KEY PRIORITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS.


SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS.


PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS.


ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Taft & Harding On Park Ave Llc
Concessions Services
$204,186
Ruffalocody Holdings Llc
Donor Communications
$166,014
Onecbi Llc
Workplace Services
$168,819
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$19,505,040
Investment income $638,224
Tax Exempt Bond Proceeds $0
Royalties $71,643
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,458,389
Net Income from Fundraising Events -$17,911
Net Income from Gaming Activities $18,300
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,404,104

Grants Awarded

Over the last fiscal year, Appalachian State University Foundation Inc has awarded $19,675,545 in support to 4 organizations.

Grant RecipientAmount

APPALACHIAN STATE UNIVERSITY

PURPOSE: SUPPORT FOR APPALACHIAN STATE UNIVERSITY PROGRAMS AND STUDENTS.

$7,505,667

APPALACHIAN STATE UNIVERSITY

PURPOSE: SUPPORT FOR APPALACHIAN STATE UNIVERSITY STUDENT ATHLETE SCHOLARSHIPS AND PROGRAMS.

$6,608,687

APPALACHIAN STATE UNIVERSITY

PURPOSE: SUPPORT FOR APPALACHIAN STATE UNIVERSITY SCHOLARSHIPS.

$4,890,289

APPALACHIAN STATE UNIVERSITY

PURPOSE: GENERAL SUPPORT

$670,902
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Appalachian State University Foundation Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Anne Cannon Trust

Pittsburgh, PA

PURPOSE: GENERAL OPERATING

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$139,633,281
Earnings$4,322,803
Net Contributions$11,554,131
Other Expense$86,394
Grants$5,188,722
Ending Balance$150,235,099

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