Illinois State University Foundation

Organization Overview

Illinois State University Foundation is located in Normal, IL. The organization was established in 1953. 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. Illinois 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, Illinois State University Foundation generated $34.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $16.9m during the year ending 06/2021. While expenses have increased by 7.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD & ADMINISTER GIFTS WITH THE PRIMARY OBJECTIVE OF SERVING THE EDUCATIONAL PURPOSES OF ISU.

Describe the Organization's Program Activity:

ASSIST IN DEVELOPING AND INCREASING EDUCATION OPPORTUNITIES AND THE FACILITIES OF THE UNIVERSITY FOR SERVICE TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE STATE AND NATION BY ENCOURAGING GIFTS OF MONEY AND PROPERTY; ACT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS; ADMINISTER GIFTS, GRANTS, OR LOANS OF MONEY OR PROPERTY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ruffalo Noel Levitz
Consulting
$416,375
Jacksonville Stained Glass
Ewing Manor
$133,000
Perkins Eastman Architects Dpc
Athletic Facility
$187,948
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$226,415
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$16,043,905
Noncash contributions included in lines 1a–1f $5,561,202
Total Revenue from Contributions, Gifts, Grants & Similar$16,270,320
Total Program Service Revenue$64,630
Investment income $91,812
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $17,872,810
Net Income from Fundraising Events -$17,802
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,747,700

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Illinois State University Foundation has recieved totaling $37,000.

Awarding OrganizationAmount
Surplus Line Association Of Illinois

Chicago, IL

PURPOSE: SCHOLARSHIP

$20,000
Foster And Maralee Overcash Scholarship Trust

Canton, IL

PURPOSE: SCHOLARSHIP TO CANTON HIGH

$9,000
Velma A Denny Scholarship Tr

Canton, IL

PURPOSE: SCHOLARSHIP FOR CANTON HIGH

$8,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$151,372,576
Earnings$47,182,446
Admin Expense$1,025,032
Net Contributions$12,035,787
Other Expense$294,973
Grants$8,170,186
Ending Balance$201,100,618

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