George Mason University Foundation Inc

Organization Overview

George Mason University Foundation Inc is located in Fairfax, VA. The organization was established in 1992. 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. George Mason University 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 06/2020, George Mason University Foundation Inc generated $113.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $109.9m during the year ending 06/2020. While expenses have increased by 8.0% 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, George Mason University Foundation Inc has awarded 79 individual grants totaling $571,663,323. 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

TO ADVANCE AND FURTHER THE AIMS AND PURPOSES OF GEORGE MASON UNIVERSITY. (SEE SCHEDULE O)THE GEORGE MASON UNIVERSITY FOUNDATION, INC. WAS ESTABLISHED IN 1966 TO RECEIVE, MANAGE, INVEST, AND ADMINISTER PRIVATE GIFTS FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING ENDOWMENT AND REAL PROPERTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION'S MAJOR PROGRAM ACTIVITY IS TO DISBURSE DESIGNATED FUNDS IN SUPPORT OF SCHOLARSHIPS, FELLOWSHIPS, AWARDS, AND GENERAL OPERATING EXPENSES OF THE UNIVERSITY'S ACADEMIC AND OTHER DEPARTMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Susan Van Leunen
Vice President & CFO
$178,218
Tracy White
Dir. Of Real Estate & Investments
$140,024
Elizabeth Cantrell
Controller
$130,135
Trishana E Bowden
President
$74,943
Michael E Stievater
Vice Chair
$0
Robert W Noonan
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Henderson Beach Resort Hotel Llc
Conference Venue
$703,135
Affinaquest Llc
Software Implementation
$516,726
Regency Properties
Conference Venue
$275,325
Nash Holdings Llc
Marketing
$180,372
Park Hyatt Beaver Creek Resort And Spa
Conference Venue
$243,062
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$92,138,223
Investment income $4,136,201
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,328,705
Net Gain/Loss on Asset Sales $3,979,999
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $113,505,085

Grants Awarded

Over the last fiscal year, George Mason University Foundation Inc has awarded $57,175,060 in support to 9 organizations.

Grant RecipientAmount

Arlington, VA

PURPOSE: PROGRAM SUPPORT

$28,927,347

GEORGE MASON UNIVERSITY

PURPOSE: OPERATIONS SUPPORT

$11,443,119

GEORGE MASON UNIVERSITY

PURPOSE: SALARY SUPPORT

$10,518,571

GEORGE MASON UNIVERSITY

PURPOSE: SCHOLARSHIP SUPPORT

$3,146,455

GEORGE MASON UNIVERSITY

PURPOSE: BENEFITS SUPPORT

$2,407,324

GEORGE MASON UNIVERSITY

PURPOSE: EMINENT SCHOLARS

$617,727
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that George Mason University Foundation Inc has recieved totaling $51,000.

Awarding OrganizationAmount
Bartley J Madden Foundation

Naples, FL

PURPOSE: GENERAL & UNRESTRICTED

$20,000
Lockhart Vaughan Foundation Inc

Baltimore, MD

PURPOSE: ENVIRONMENT: CLIMATE CHANGE.

$18,000
John E & Sue M Jackson Charitable Trust

Pittsburgh, PA

PURPOSE: MERCATUS CENTER

$10,000
Bailey Family Foundation Inc

Vero Beach, FL

PURPOSE: CHARITABLE PURPOSES

$2,000
Graham Family Foundation Inc

Middleburg, VA

PURPOSE: GREEN MACHINE ENSEMBLES

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$172,997,815
Earnings-$33,899,621
Net Contributions$9,012,711
Other Expense$5,758,751
Ending Balance$142,352,154

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