Michigan State University Foundation

Organization Overview

Michigan State University Foundation is located in East Lansing, MI. The organization was established in 1991. 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, Michigan State University Foundation employed 25 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Michigan State 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, Michigan State University Foundation generated $55.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $19.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY (CONTINUED IN SCHEDULE O) AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIS, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY.

Describe the Organization's Program Activity:

GRANTING FUNDS TO ADVANCE RESEARCH AND THE UNIVERSITY'S SCHOLARLY INFRASTRUCTURE OF TEACHING AND DISSEMINATION OF NEW KNOWLEDGE, UNDERWRITING MSU'S WORK IN TECHNOLOGY COMMERCIALIZATION, DEVELOPING, SCALING AND DE-RISKING BIO BASED TECHNOLOGIES THROUGH MBI INTERNATIONAL, A WHOLLY-OWNED FOUNDATION SUBSIDIARY, FOSTERING THE CREATION OF STARTUP ENTERPRISES ORIGINATING FROM MSU THROUGH THE FOUNDATION'S SPARTAN INNOVATIONS, MICHIGAN RISE PRE-SEED FUND III AND INVESTMENT HOLDINGS SUBSIDIARIES, AND PROVIDING FACILITIES AND BUILDING SITES AT THE UNIVERSITY CORPORATE RESEARCH PARK FOR TECHNOLOGY ENTERPRISES, UNIVERSITY TECHNOLOGY-DEVELOPMENT INITIATIVES, AND UNIVERSITY/INDUSTRY COLLABORATIONS.


SPARTAN INNOVATIONS PROVIDES THE EDUCATIONAL AND FINANCIAL SUPPORT NECESSARY TO TURN MSU RESEARCH TECHNOLOGIES INTO SUCCESSFUL MICHIGAN BUSINESSES - AND SPUR ENTREPRENEURSHIP IN THE MICHIGAN ECONOMY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge Associates Llc
Consulting Services
$453,577
Grant Thornton Llp
Accounting Services
$101,200
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,236,011
All other contributions, gifts, grants, and similar amounts not included above$661,611
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,897,622
Total Program Service Revenue$359,800
Investment income $2,971,853
Tax Exempt Bond Proceeds $0
Royalties $1,767,398
Net Rental Income $0
Net Gain/Loss on Asset Sales $46,703,954
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $55,850,938

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Michigan State University Foundation has recieved totaling $1,031,985.

Awarding OrganizationAmount
Cascade Hemophilia Consortium

Ann Arbor, MI

PURPOSE: SUPPORT FOR MEDICAL SERVICES FOR PERSONS WITH HEMOPHILIA AND RELATED BLEEDING DISORDERS

$257,615
Joe D Pentecost Foundation

East Lansing, MI

PURPOSE: ENDOWED SCHOLARSHIP, BUILDING RENOVATIONS

$250,000
Cascade Hemophilia Consortium

Ann Arbor, MI

PURPOSE: SUPPORT FOR MEDICAL SERVICES FOR PERSONS WITH HEMOPHILIA AND RELATED BLEEDING DISORDERS

$141,520
Peter And Joan Secchia Family Inc

Grand Rapids, MI

PURPOSE: CLARA BELL SMITH EDUCATION CENTER

$100,000
Toni A Wisne Foundation

Novi, MI

PURPOSE: USE CONSISTENT WITH 501(C)(3) STATUS

$100,000
Peter And Joan Secchia Family Inc

Grand Rapids, MI

PURPOSE: ATHLETIC COACHES TRAVEL FUND

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,110,599
Earnings$144,387
Other Expense$2,254,986

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