Florida Southwestern State College Foundation Inc

Organization Overview

Florida Southwestern State College Foundation Inc is located in Fort Myers, FL. The organization was established in 1996. 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. Florida Southwestern State College 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 03/2022, Florida Southwestern State College 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 3.7% each year. All expenses for the organization totaled $4.3m during the year ending 03/2022. While expenses have increased by 4.0% 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 2016, Florida Southwestern State College Foundation Inc has awarded 34 individual grants totaling $29,708,159. 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FSW FOUNDATION IS TO SUPPORT THE STRATEGIC PRIORITIES OF FLORIDA SOUTHWESTERN STATE COLLEGE BY PROVIDING ADDITIONAL FUNDING AND RESOURCES.

Describe the Organization's Program Activity:

PROVIDED ALMOST $2 MILLION IN SCHOLARSHIP SUPPORT TO STUDENTS OF FLORIDA SOUTHWESTERN STATE COLLEGE. PROVIDED PROGRAM SUPPORT FUNDING OF ALMOST $1.25 MILLION TO SUPPORT A WIDE RANGE OF FSW COLLEGES PROGRAMS, ATHLETICS AND PRIORITIES. OVER 20,000 STUDENTS, FACULTY AND STAFF WERE POSITIVELY IMPACTED. THE FOUNDATION CONTINUED TO CULTIVATE THE COMMUNITY RESULTING IN ABOUT 150 NEW DONORS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey Allbritten
Directorcollege President
$0
Carl Grissom
Directorchair
$0
Stuart Zaikov
Secretarydirector
$0
Carey Soud
Directortreasurer
$0
Mary Lee Mann
Vice Chairdirector
$0
Keith Callaghan
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,461,393
Noncash contributions included in lines 1a–1f $51,755
Total Revenue from Contributions, Gifts, Grants & Similar$2,461,393
Total Program Service Revenue$31,000
Investment income $2,288,222
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,179,869
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,097,910

Grants Awarded

Over the last fiscal year, Florida Southwestern State College Foundation Inc has awarded $1,577,948 in support to 4 organizations.

Grant RecipientAmount

FLORIDA SOUTHWESTERN STATE COLLEGE

PURPOSE: Academic

$719,771

FLORIDA SOUTHWESTERN STATE COLLEGE

PURPOSE: Scholarship

$526,704

FLORIDA SOUTHWESTERN STATE COLLEGE

PURPOSE: Faculty

$321,473

SOUTHWEST FL CHILDRENS CHARITIES

Org PageRecipient Profile

Fort Myers, FL

PURPOSE: Event support

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Florida Southwestern State College Foundation Inc has recieved totaling $190,910.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50,000
Florida College System Foundation Inc

Tallahassee, FL

PURPOSE: VARIOUS AWARDS

$44,443
Moorings Park Foundation Inc

Naples, FL

PURPOSE: SCHOLARSHIPS FOR HIGHER EDUCATION

$25,000
Suncoast Credit Union Foundation

Tampa, FL

PURPOSE: FSW 3RD ANNUAL GOLF TOURNAMENT SHOE SPONSORSHIP; FSW ATHLETIC SCHOLARSHIP

$15,000
The Foundation For Lee County Public Schools Inc

Fort Myers, FL

PURPOSE: SCHOLARSHIPS

$10,863
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$10,436
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$49,513,921
Earnings$2,670,577
Net Contributions$359,121
Grants-$2,864,481
Ending Balance$55,408,100

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