Auburn University Foundation
- Assets
- $857.9m
- Revenue
- $96.9m
- Investments
- $450.2m
- Employees
- 82
- Location
- Auburn, AL
- Founding
- 07/1960
- Data as of
- 09/2021
- EIN
- 63-6022422
Organization Overview
Auburn University Foundation is located in Auburn, AL. The organization was established in 1960. 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 09/2021, Auburn University Foundation employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Auburn University Foundation 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 09/2021, Auburn University Foundation generated $96.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $73.6m during the year ending 09/2021. While expenses have increased by 2.4% 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, Auburn University Foundation has awarded 120 individual grants totaling $414,734,440. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF AUBURN UNIVERSITY, AN EDUCATIONAL, LAND-GRANT INSTITUTION WHICH IS TAX EXEMPT UNDER IRC SECTION 115.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO AUBURN UNIVERSITY (AU) FOR ACADEMIC, OUTREACH AND RESEARCH MISSIONS AND ITS SUPPORTING/RELATED ORGANIZATIONS IN SUPPORT OF THEIR ORGANIZATION'S PRIMARY PURPOSES, OUTREACH AND INTERCOLLEGIATE ATHLETICS, IN SUPPORT OF AU.
EXPENDITURES MADE BY AUBURN UNIVERSITY FOUNDATION (AUF) ON BEHALF OF AU IN SUPPORT OF ITS ACADEMIC, OUTREACH AND RESEARCH MISSIONS.
GRANTS FOR OPERATIONS TO AUBURN UNIVERSITY REAL ESTATE FOUNDATION, INC.(AUREF), FOR OPERATIONS AND THE TRANSFER OF REAL PROPERTIES TO AU FOR PERPETUAL MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Peevy Associate Vp, Marketing | 8.4 | $230,699 | |
Angie Stephens Associate Vp, Development | 9.2 | $220,754 | |
Tara Jones Associate Vp, Development | 8.4 | $199,305 | |
Alesia Davenport Senior Director, Gift Planning | 6 | $156,301 | |
William Williams Executive Director, Regional Development | 6 | $150,785 | |
Regina B Isbell Assistant Treasurer | Officer | 20.5 | $125,738 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalocody Llc Fundraising Support | 9/29/21 | $244,745 |
Playfly Holdings Llc Advertising | 9/29/21 | $202,800 |
Evertrue Inc Fundraising Support | 9/29/21 | $180,800 |
Ithaka Hospitality Partners-auburn-opera Hospitality | 9/29/21 | $144,227 |
Terra Cotta Catering Co Catering | 9/29/21 | $134,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,790 |
| Related organizations | $219,215 |
| Government grants | $40,262 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,602,503 |
| Noncash contributions included in lines 1a–1f | $23,008,098 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,931,770 |
| Total Program Service Revenue | $48,118 |
| Investment income | $2,713,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $58,384 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,659,078 |
| Net Income from Fundraising Events | $18,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,896,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,792,842 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $356,187 |
| Compensation of current officers, directors, key employees. | $356,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,404,397 |
| Fees for services: Legal | $63,939 |
| Fees for services: Accounting | $99,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,910 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,305 |
| Advertising and promotion | $247,019 |
| Office expenses | $649,728 |
| Information technology | $252,162 |
| Royalties | $0 |
| Occupancy | $211,188 |
| Travel | $203,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,959 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,288 |
| All other expenses | $0 |
| Total functional expenses | $73,551,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,087,304 |
| Pledges and grants receivable | $50,325,895 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,217,779 |
| Investments—publicly traded securities | $293,565,126 |
| Investments—other securities | $450,248,903 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,449,180 |
| Total assets | $857,894,187 |
| Accounts payable and accrued expenses | $722,623 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,188,132 |
| Total liabilities | $39,910,755 |
| Net assets without donor restrictions | $42,112,811 |
| Net assets with donor restrictions | $775,870,621 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $857,894,187 |
Grants Awarded
Over the last fiscal year, Auburn University Foundation has awarded $67,792,842 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: CAPITAL SUPPORT | $27,392,651 |
AUBURN UNIVERSITY PURPOSE: STUDENT FINANCIAL AID | $13,610,977 |
AUBURN UNIVERSITY PURPOSE: ACADEMIC SUPPORT | $11,728,702 |
AUBURN UNIVERSITY PURPOSE: FACULTY SUPPORT | $5,105,251 |
AUBURN UNIVERSITY PURPOSE: RESEARCH SUPPORT | $5,019,028 |
AUBURN UNIVERSITY PURPOSE: OUTREACH SUPPORT | $2,508,411 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Auburn University Foundation has recieved totaling $510,000.
| Awarding Organization | Amount |
|---|---|
Delta Air Lines Foundation Atlanta, GA PURPOSE: GRANT TO SUPPORT THE DELTA AIR LINES AVIATION EDUCATION BUILDING AT AUBURN UNIVERSITY | $500,000 |
Lisa Stuart Schmoker Family Foundation Edina, MN PURPOSE: EDUCATIONAL | $10,000 |
Endowment Analysis
| Beg. Balance | $576,472,255 |
| Earnings | $149,336,386 |
| Admin Expense | $5,106,651 |
| Net Contributions | $26,847,349 |
| Grants | $18,900,725 |
| Ending Balance | $728,648,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Georgia Foundation Athens, GA | $1,813,135,367 | $241,177,913 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |