Saginaw Valley State University Foundation

Organization Overview

Saginaw Valley State University Foundation is located in University Center, MI. The organization was established in 1964. 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. Saginaw Valley 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 06/2020, Saginaw Valley State University Foundation generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $9.9m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO GENERATE AND CULTIVATE A COMMUNITY OF ENTHUSIASTIC AND LOYAL DONORS WHO CONTRIBUTE TO THE DEVELOPMENT OF A PREMIER UNIVERSITY OF OUTSTANDING STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRANSFER TO SAGINAW VALLEY STATE UNIVERSITY TO FUND SCHOLARSHIPS, AWARDS, PROGRAMS, BUILDING PROJECTS, AND ENDOWED CHAIRS: SCHOLARSHIPS 9,244,083 AWARDS 42,156 PROGRAMS 1,738,818 BUILDING PROJECTS 3,083,352 ENDOWED CHAIRS 510,306


SUPPORT TO REGISTERED STUDENT ORGANIZATIONS AT SAGINAW VALLEY STATE UNIVERSITY: CARDINAL SINS 530 OTHER ORGANIZATIONS 1,515 ACTIVE MINDS 250


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Board, Officers & Key Employees

Name (title)Compensation
Donald J Bachand
First Vice C
$0
James G Muladore
Treasurer
$0
Mary Anne Ackerman
Secretary
$0
Kimberly A Norris
Immediate Pa
$0
David J Abbs
Chair
$0
Dr Waheed Akbar
Second Vice
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$5,899,082
Investment income $2,020,121
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $615,782
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,609,845

Grants Awarded

Over the last fiscal year, Saginaw Valley State University Foundation has awarded $4,938,570 in support to 2 organizations.

Grant RecipientAmount

SAGINAW VALLEY STATE UNIVERSITY

Org PageRecipient Profile

University Center, MI

PURPOSE: SUPPORT UNIVERSITY

$4,930,004

SAGINAW VALLEY STATE UNIVERSITY

Org PageRecipient Profile

University Center, MI

PURPOSE: SUPPORT STUDENT ORGS

$8,566
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Saginaw Valley State University Foundation has recieved totaling $1,754,278.

Awarding OrganizationAmount
Thompson Foundation

Plymouth, MI

PURPOSE: THOMPSON WORKING FAMILY SCHOLARS PROGRAM FUND

$1,235,016
Saginaw Community Foundation

Saginaw, MI

PURPOSE: DISTRIBUTION/PROGRAM

$487,142
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$11,000
Bay Area Community Foundation

Bay City, MI

PURPOSE: COMMUNITY READ: GREAT LAKES BAY REGION

$7,845
Thompson Foundation

Plymouth, MI

PURPOSE: MILITARY SCHOLARSHIPS

$6,000
Bay Area Community Foundation

Bay City, MI

PURPOSE: OSTHELDER SCHOLARSHIP FUND

$5,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$85,389,333
Earnings$23,488,582
Net Contributions$921,270
Other Expense$2,949,334
Ending Balance$106,849,851

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