Furman University

Organization Overview

Furman University is located in Greenville, SC. The organization was established in 1937. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Furman University employed 2,329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furman University 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, Furman University generated $208.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $233.1m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Furman University has awarded 78 individual grants totaling $3,383,120. 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

FURMAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING DISTINCTIVE UNDERGRADUATE EDUCATION EMPHASIZING AN ENGAGED APPROACH COMBINING CLASSROOM LEARNING WITH REAL WORLD EXPERIENCES AND SELF-DISCOVERY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION OF STUDENTS IN BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. A PERSONALIZED FOUR YEAR PATHWAY FOR STUDENTS INSTITUTED BY THE FURMAN ADVANTAGE INCLUDES HIGH-IMPACT, ENGAGED LEARNING THROUGH RESEARCH, INTERNSHIPS, AND STUDY ABROAD PROGRAMS. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT.


STUDENT SERVICES INCLUDES INTERCOLLEGIATE ATHLETICS, INTRAMURAL AND CLUB SPORTS, ENROLLMENT MANAGEMENT, STUDENT GOVERNMENT AND A LARGE VARIETY OF STUDENT ORGANIZATIONS, SERVICES AND ACTIVITIES.


THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, DINING SERVICES, GOLF COURSE, SPORTS ARENA AND CONFERENCE CENTER.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Incline Alchemy Inc
Consulting
$1,524,696
Jd Lane Construction Llc
Construction
$564,811
Compass Group Usa Inc
Dining Services
$6,192,949
Ebsco
Technology Services
$820,074
Apogee Telecom Inc
Technology Services
$772,165
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$23,276,048
Investment income $10,050,759
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,470,863
Net Gain/Loss on Asset Sales $3,329,337
Net Income from Fundraising Events $50,189
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$59,209
Miscellaneous Revenue$0
Total Revenue $208,077,263

Grants Awarded

Over the last fiscal year, Furman University has awarded $193,500 in support to 5 organizations.

Grant RecipientAmount

UPCOUNTRY HISTORY MUSEUM

Org PageRecipient Profile

Greenville, SC

PURPOSE: OPERATING SUPPORT

$100,000

THE GREENVILLE DRIVE LLC

PURPOSE: SPONSORSHIP

$50,000

M JUDSON BOOKSELLERS

PURPOSE: SPONSORSHIP

$25,000

Greenville, SC

PURPOSE: SPONSORSHIP

$10,000

GREENVILLE ARTS FESTIVAL

Org PageRecipient Profile

Greenville, SC

PURPOSE: SPONSORSHIP

$8,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Furman University has recieved totaling $158,577.

Awarding OrganizationAmount
Awt Family Foundation

Wilmington, DE

PURPOSE: TIMMONS BASKETBALL ARENA RENOVATION PROJECT

$100,000
Sanders Family Foundation

Greenville, SC

PURPOSE: VARIOUS EDUCATIONAL PURPOSES

$56,577
K P & Phoebe Tsolainos Foundation Inc

Potomac, MD

PURPOSE: GENERAL PURPOSES

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$670,014,077
Earnings$197,145,647
Admin Expense$2,828,452
Net Contributions$6,299,124
Other Expense$17,925,394
Grants$13,733,787
Ending Balance$838,971,215

Peer Organizations

Organization NameAssets
Furman University
Greenville, SC
$208,077,263
Davidson College
Davidson, NC
$194,756,860
Berry College Inc
Mount Berry, GA
$178,933,031
Anderson University
Anderson, SC
$130,183,026
Wofford College
Spartanburg, SC
$116,076,279
Spelman College
Atlanta, GA
$182,970,731
Morehouse College
Atlanta, GA
$206,029,432
Lenoir-Rhyne University
Hickory, NC
$101,403,823
Oglethorpe University Inc
Atlanta, GA
$78,800,641
Claflin University
Orangeburg, SC
$90,488,927
Catawba College
Salisbury, NC
$275,797,439
Benedict College
Columbia, SC
$61,010,211

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