Christopher Newport University Educational Foundation Inc

Organization Overview

Christopher Newport University Educational Foundation Inc is located in Newport News, VA. The organization was established in 1982. 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. Christopher Newport University Educational 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 06/2021, Christopher Newport University Educational Foundation Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $5.2m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 7 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, Christopher Newport University Educational Foundation Inc has awarded 16 individual grants totaling $37,301,083. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF CHRISTOPHER NEWPORT UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY SUPPORT - EDUCATIONAL EXPENSES GIVEN AS DIRECT SUPPORT TO CHRISTOPHER NEWPORT UNIVERSITY.


SCHOLARSHIP AWARDS - AWARDED 230 ANNUAL SCHOLARSHIPS AND 629 ENDOWED SCHOLARSHIPS.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$5,125,842
Investment income $161,304
Tax Exempt Bond Proceeds $0
Royalties $1,464
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,721,864
Net Income from Fundraising Events $749
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,135,383

Grants Awarded

Over the last fiscal year, Christopher Newport University Educational Foundation Inc has awarded $5,338,006 in support to 2 organizations.

Grant RecipientAmount

CHRISTOPHER NEWPORT UNIVERSITY

PURPOSE: 230 ANNUAL SCHOLARSHIPS AND 629 ENDOWED SCHOLARSHIPS.

$2,823,808

CHRISTOPHER NEWPORT UNIVERSITY

PURPOSE: OTHER UNIVERSITY SUPPORT

$2,514,198
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Christopher Newport University Educational Foundation Inc has recieved totaling $729,794.

Awarding OrganizationAmount
Lettie Pate Whitehead Foundation Inc

Atlanta, GA

PURPOSE: For general scholarship support.

$205,900
Riverside Healthcare Association Inc

Newport News, VA

PURPOSE: 21-22 Ferguson Ctr Partnership

$137,500
Randolph D Rouse Foundation Inc

Arlington, VA

PURPOSE: SCHOLARSHIPS

$135,000
Sarah Scaife Foundation Inc

Pittsburgh, PA

PURPOSE: CENTER FOR AMERICAN STUDIES

$100,000
Noland Memorial Foundation

Alexandria, VA

PURPOSE: VISUAL ARTS CENTER

$50,000
Charles Koch Foundation

Arlington, VA

PURPOSE: GENERAL OPERATING SUPPORT

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50,070,675
Earnings-$4,108,748
Net Contributions$3,043,660
Grants$1,785,698
Ending Balance$47,219,889

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