Florida State University Foundation Inc

Organization Overview

Florida State University Foundation Inc is located in Tallahassee, FL. The organization was established in 1963. 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, Florida State University Foundation Inc employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida State 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, Florida State University Foundation Inc generated $57.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $68.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Florida State University Foundation Inc has awarded 74 individual grants totaling $210,389,906. 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

THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU, SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT, INVESTING AND EXPENDING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU, AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL, AND OTHER EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge Associates
Investment Consulting
$1,154,435
Ruffalo Noel Levitz
Fundraising Services
$459,084
Rsm Us Llp
Accounting Services
$197,517
Blackbaud Inc
Software Provider
$175,369
Bank Of New York
Banking Services
$168,947
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$38,352,071
Investment income $4,370,361
Tax Exempt Bond Proceeds $0
Royalties $114,090
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,598,596
Net Income from Fundraising Events -$15,553
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $57,370,131

Grants Awarded

Over the last fiscal year, Florida State University Foundation Inc has awarded $27,307,896 in support to 4 organizations.

Grant RecipientAmount

THE FLORIDA STATE UNIVERSITY

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS

$27,042,248

THE FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: SUPPORT FOR THE ALUMNI ASSOCIATION

$125,000

FSU REAL ESTATE FOUNDATION

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: SUPPORT FOR THE REAL ESTATE FOUNDATION

$100,000

FLORIDA PREPAID COLLEGE FOUNDATION

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT

$40,648
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 61 grants that Florida State University Foundation Inc has recieved totaling $6,539,075.

Awarding OrganizationAmount
Capital Health Plan Inc

Tallahassee, FL

PURPOSE: SUPPORT EDUCATION OF MED STUDENTS

$2,000,000
Wyncote Foundation

Philadelphia, PA

PURPOSE: SUPPORT FOR HISTORIC PIPE ORGAN

$1,500,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$738,622
The Seminar Network Inc

Arlington, VA

PURPOSE: General Operating Support

$425,000
Helios Education Foundation

Phoenix, AZ

PURPOSE: See Part IV

$236,000
Donors Trust Inc

Alexandria, VA

PURPOSE: to support PhD Fellowships

$221,200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$489,492,453
Earnings$208,225,102
Admin Expense$7,286,484
Net Contributions$17,062,452
Other Expense$10,978,286
Grants$5,923,468
Ending Balance$690,591,769

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