Eastern Michigan University Foundation

Organization Overview

Eastern Michigan University Foundation is located in Ypsilanti, 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, Eastern Michigan University Foundation employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Michigan 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 06/2020, Eastern Michigan University Foundation generated $14.4m 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 $12.3m during the year ending 06/2020. While expenses have increased by 4.7% 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, Eastern Michigan University Foundation has awarded 16 individual grants totaling $57,862,705. 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

EASTERN MICHIGAN UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT PRIVATE FUNDS ON BEHALF OF AND FOR THE EXCLUSIVE BENEFIT OF EASTERN MICHIGAN UNIVERSITY, AND TO EXPAND ITS RESOURCE BASE THROUGH THE MANAGEMENT OF ASSETS AND THE INVESTMENT AND DISBURSEMENT OF FUNDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GIFT ALLOCATION TO EMU-THE FOUNDATION RECEIVES GIFTS ON BEHALF OF EMU. GIFTS DESIGNATED AS EXPENDABLE SCHOLARSHIPS & PROGRAM SERVICES ARE COLLECTED BY THE FOUNDATION AND DIRECTLY DISBURSED TO EMU. ALL OTHER GIFTS ARE ENDOWED/INVESTED FOR FUTURE DISBURSEMENT.


ENDOWED SCHOLARSHIPS AND PROGRAM SERVICES SPENDING ALLOCATED TO EMU-SPENDING FROM THE SCHOLARSHIP & PROGRAM SERVICE ENDOWMENTS ARE DISTRIBUTED TO EASTERN MICHIGAN UNIVERSITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wells Fargo
Investment Management And Custody
$248,244
Nepc Llc
Investment Consulting
$203,860
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$11,770,373
Investment income $637,632
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $60,837
Net Income from Fundraising Events -$2,909
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,420,618

Grants Awarded

Over the last fiscal year, Eastern Michigan University Foundation has awarded $10,272,951 in support to 2 organizations.

Grant RecipientAmount

EASTERN MICHIGAN UNIVERSITY

Org PageRecipient Profile

Ypsilanti, MI

PURPOSE: GIFT ALLOCATION TO EMU.

$8,349,341

EASTERN MICHIGAN UNIVERSITY

Org PageRecipient Profile

Ypsilanti, MI

PURPOSE: ENDOWED SCHOLARSHIP AND PROGRAM SERVICE SPENDING ALLOCATED TO EMU.

$1,923,610
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Eastern Michigan University Foundation has recieved totaling $16,000.

Awarding OrganizationAmount
Myer & Lois Franklin Charitable Tr

Jackson, MI

PURPOSE: SCHOLARSHIPS

$8,500
Evergreene Foundation

Otsego, MI

PURPOSE: ASSIST IN SW MICHIGAN COMMUNITIES

$5,000
S Gary Spicer Sr Foundation

Grosse Pointe, MI

PURPOSE: SUZANNE GULLEN (BASSETT) SCH.

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$76,380,758
Earnings$17,811,907
Admin Expense$1,445,529
Net Contributions$4,170,058
Other Expense$383,864
Grants$1,539,746
Ending Balance$94,993,584

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