Boise State University Foundation Inc

Organization Overview

Boise State University Foundation Inc is located in Boise, ID. The organization was established in 1966. 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. Boise 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, Boise State University Foundation Inc generated $23.7m 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 (10.8%) each year. All expenses for the organization totaled $29.4m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Boise State University Foundation Inc has awarded 21 individual grants totaling $136,842,243. 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

TO INSPIRE, GENERATE, AND PRUDENTLY MANAGE PRIVATE SUPPORT FOR BOISE STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION ADMINISTERS 954 DIFFERENT ACADEMIC SCHOLARSHIPS FOR BOISE STATE UNIVERSITY. APPLICANTS MAY BE REQUIRED TO WRITE AN ESSAY, PROVIDE TRANSCRIPTS, AND IF APPLYING FOR SCHOLARSHIPS REQUIRING FINANCIAL NEED APPLICANTS MUST INCLUDE THE FREE APPLICATION FOR FEDERAL STUDENT AID REPORT (FAFSA). OTHER REQUIREMENTS MAY BE INCLUDED, DEPENDING ON THE SCHOLARSHIP. DURING FISCAL YEAR END JUNE 30, 2021, THE FOUNDATION DISTRIBUTED 2,324 SCHOLARSHIP AWARDS TO 1,588 RECIPIENTS.


THE FOUNDATION PROVIDES SUPPORT SERVICES FOR BOTH THE BRONCO ATHLETIC ASSOCIATION AND THE BSU ALUMNI ASSOCIATION. THIS INCLUDES, BUT IS NOT LIMITED TO, MEMBER LISTS, DATA ENTRY AND UPDATES, FINANCIAL SUPPORT THROUGH DONATION RECEIPTS, REPORTING, AND OTHER AD HOC SERVICES AS THEY ARE NEEDED SUCH AS MANAGING REGISTRATION FOR EVENTS.


THE FOUNDATION PROVIDES GENERAL SUPPORT FOR BOISE STATE UNIVERSITY THROUGH BOTH ENDOWMENT AND CURRENT USE FUNDS. SOME HIGHLIGHTS FOR THE FISCAL YEAR END JUNE 30, 2021 INCLUDE THE CONTINUED SUPPORT FOR ALL ACADEMIC COLLEGES, COMPUTER SCIENCE AND ENGINEERING, STEM, HEALTH SCIENCES, RESEARCH IN PUBLIC POLICY, EDUCATION, ARTS AND SCIENCES, COLLEGE OF INNOVATION AND DESIGN, AND OTHER VARIOUS SUPPORT PROGRAMS AT BOISE STATE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Powell
Executive Director
$159,859
Brandy N Stemmler
Chair
$0
Randall L Hales
Vice Chair
$0
Jim Martin
Secretary
$0
George H Juetten
Treasurer
$0
Kevin M Chen
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lca Architects Pa
Architectural Services
$130,929
Jordan-wilcomb Construction Inc
Construction Services
$7,381,541
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$12,056,909
Investment income $4,477,848
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $909,902
Net Income from Fundraising Events -$7,668
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,699,772

Grants Awarded

Over the last fiscal year, Boise State University Foundation Inc has awarded $5,893,693 in support to 3 organizations.

Grant RecipientAmount

BOISE STATE UNIVERSITY

PURPOSE: Support of academic, athletic, and administrative departments.

$4,828,838

BRONCO ATHLETIC ASSOCIATION INC

Org PageRecipient Profile

Boise, ID

PURPOSE: Support of athletic programs and student athletes

$856,486

BOISE STATE UNIVERSITY ALUMNI ASSOCIATION INC

Org PageRecipient Profile

Boise, ID

PURPOSE: Support of development and advancement of Boise State University

$208,369
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Boise State University Foundation Inc has recieved totaling $23,000.

Awarding OrganizationAmount
Idaho Power Foundation Inc

Boise, ID

PURPOSE: CENTER FOR RESEARCH

$20,000
Idaho Power Foundation Inc

Boise, ID

PURPOSE: BLUE SKY INSTITUTE, 8TH ANNUAL DIVERSITY SUMMIT

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$121,190,583
Earnings$34,754,899
Admin Expense$450,502
Net Contributions$9,736,915
Grants$3,803,058
Ending Balance$161,428,837

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