L S U Foundation
- Assets
- $667.7m
- Revenue
- $64.8m
- Investments
- $315.9m
- Employees
- 167
- Location
- Baton Rouge, LA
- Founding
- 10/1963
- Data as of
- 06/2020
- EIN
- 72-6020969
L S U Foundation Overview
L S U Foundation is located in Baton Rouge, LA. 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 06/2020, L S U Foundation employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, L S U Foundation generated $64.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $48.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE LSU FOUNDATION CULTIVATES AND INVESTS IN PHILANTHROPIC PARTNERSHIPS TO SUPPORT AND ADVANCE LSU'S ACADEMIC PRIORITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC AND RESEARCH ACTIVITIES: OPERATIONAL SUPPORT EXPENSES TO SUPPLEMENT STATE FUNDING AND AID THE ACADEMIC COLLEGES OF THE UNIVERSITY AS WELL AS THE AGRICULTURAL CENTER IN ACCOMPLISHING LSU'S MISSION.
SCHOLARSHIPS AND FELLOWSHIPS - FINANCIAL SUPPORT TO UNDERGRADUATE AND GRADUATE STUDENTS THROUGH APPROXIMATELY 1,960 AVAILABLE SCHOLARSHIPS AND FELLOWSHIPS.
CHAIRS AND PROFESSORSHIPS: EXPENSES TO DIRECTLY SUPPORT THE SCHOLARLY ACTIVITIES OF OVER 800 SPECIFICALLY DESIGNATED CHAIRS AND PROFESSORSHIPS AVAILABLE TO LSU'S DISTINGUISHED FACULTY.
OTHER PROGRAM SERVICES INCLUDE: (1) SALARY SUPPORT FOR ACADEMIC PURPOSES, (2) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS LECTURE SERIES AND HOSTING VISITING SCHOLARS, (3) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (4) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (5) INSTITUTIONAL ADVANCEMENT, (6) CAPITAL OUTLAY INCLUDING THE ACQUISITION OF EQUIPMENT AND CONSTRUCTION OF FACILITIES FOR USE IN THE ACADEMIC RESEARCH ENDEAVORS OF THE UNIVERSITY.
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L S U Foundation Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Bryan Benchoff Ex Officio Director;president & CEO Until 12/31/19 | Officer | 40 | $343,770 |
Kate Spikes CFO | Officer | 40 | $204,755 |
Ann Marie Marmande-Frenzel Sr VP Principal Gifts | 40 | $195,502 | |
Daniel Bozard VP Of Development | Officer | 40 | $188,879 |
Alexander Mcdermott Director Of Investments | 40 | $177,095 | |
Leu Anne Greco VP & General Counsel | Officer | 35 | $173,854 |
L S U Foundation Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel-levitz Call Center Management | 6/29/20 | $490,166 |
Adams & Reese Llp Attorneys At Law | 6/29/20 | $215,000 |
Community Counseling Service Co Llc Consulting | 6/29/20 | $187,000 |
Sanderson Strategies Group Media Relations | 6/29/20 | $165,000 |
Raven Production Management Group Llc Event Service | 6/29/20 | $167,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,995 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,103,812 |
| Noncash contributions included in lines 1a–1f | $1,891,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,262,807 |
| Total Program Service Revenue | $0 |
| Investment income | $1,182,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,919 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,182,283 |
| Net Income from Fundraising Events | -$158,878 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,814,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,046,724 |
| 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. | $1,386,638 |
| Compensation of current officers, directors, key employees. | $690,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,225,787 |
| Pension plan accruals and contributions | $494,012 |
| Other employee benefits | $928,764 |
| Payroll taxes | $766,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,862 |
| Fees for services: Accounting | $86,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $147,783 |
| Fees for services: Investment Management | $172,094 |
| Fees for services: Other | $1,498,441 |
| Advertising and promotion | $60,272 |
| Office expenses | $2,252,334 |
| Information technology | $505,679 |
| Royalties | $0 |
| Occupancy | $438,494 |
| Travel | $902,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $374,576 |
| Interest | $0 |
| Payments to affiliates | $2,388,434 |
| Depreciation, depletion, and amortization | $279,840 |
| Insurance | $280,374 |
| All other expenses | $0 |
| Total functional expenses | $48,658,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,199,762 |
| Pledges and grants receivable | $19,421,039 |
| Accounts receivable, net | $673,627 |
| 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 | $156,344 |
| Net Land, buildings, and equipment | $5,395,986 |
| Investments—publicly traded securities | $179,776,201 |
| Investments—other securities | $315,869,366 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,251,761 |
| Total assets | $667,744,086 |
| Accounts payable and accrued expenses | $2,942,051 |
| Grants payable | $0 |
| Deferred revenue | $1,170,807 |
| 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 | $1,382,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $139,781,664 |
| Total liabilities | $145,277,402 |
| Net assets without donor restrictions | $31,643,669 |
| Net assets with donor restrictions | $490,823,015 |
| 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 | $667,744,086 |
L S U Foundation Grants Recieved
Over the last fiscal year, we have identified 12 grants that L S U Foundation has recieved totaling $95,082.
| Awarding Organization | Amount |
|---|---|
J Y-Sanders Foundation Chicago, IL PURPOSE: GENERAL | $20,832 |
B H Breslauer Foundation Inc New York, NY PURPOSE: PURCHASE RARE BOOK | $20,000 |
Communities Of Coastal Georgia Foundation Inc St Simons Island, GA PURPOSE: GENERAL SUPPORT & MECHANICAL ENGINEERING DEPARMENT | $18,000 |
Abbott Fund Abbott Park, IL PURPOSE: AF MATCHING GRANT | $16,000 |
Hargrove Foundation Mobile, AL PURPOSE: Fund Scholarships | $10,000 |
Boydstun Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $385,838,935 |
| Earnings | -$14,352,229 |
| Net Contributions | $8,993,920 |
| Other Expense | $8,835,381 |
| Ending Balance | $371,645,245 |
L S U Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tiger Athletic Foundation Baton Rouge, LA | $483,840,072 | $65,331,391 |
University Of Arkansas Foundation Inc Fayetteville, AR | $1,430,113,011 | $101,378,440 |
Texas Tech Foundation Inc Lubbock, TX | $716,384,087 | $81,055,486 |
Texas A & M Research Foundation College Station, TX | $16,510,908 | $62,662,906 |
Vanguard Academy Pharr, TX | $41,649,872 | $51,112,622 |
L S U Foundation Baton Rouge, LA | $667,744,086 | $64,814,717 |
University Of Mississippi Foundation Oxford, MS | $603,814,315 | $82,053,951 |
Ole Miss Athletics Foundation Oxford, MS | $62,454,992 | $27,088,279 |
University Of Texas Foundation Austin, TX | $73,689,547 | $44,037,296 |
Southwestern Medical Foundation Dallas, TX | $1,007,095,047 | $50,953,403 |
Razorback Foundation Inc Fayetteville, AR | $62,644,598 | $27,182,758 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $564,834,472 | $6,527,815 |
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