The Tower Foundation Of San Jose State University

Organization Overview

The Tower Foundation Of San Jose State University is located in San Jose, CA. The organization was established in 2005. 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, Tower Foundation Of San Jose State University employed 540 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tower Foundation Of San Jose State University 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, Tower Foundation Of San Jose State University generated $29.8m 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 (8.3%) each year. All expenses for the organization totaled $24.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Tower Foundation Of San Jose State University has awarded 22 individual grants totaling $38,572,949. 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

ASSISTANCE TO ACADEMIC PROGRAMS & FACILITIES, STUDENT SCHOLARSHIPS, FACULTY, & ATHLETICS PROGRAMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES OF PROMOTING AND ADVANCING THE OBJECTIVES OF SAN JOSE STATE UNIVERSITY. PRIMARY PURPOSES INCLUDE PROVIDING ASSISTANCE TO ACADEMIC PROGRAMS, LIBRARIES, CLASSROOMS, LABORATORIES, STUDENT SCHOLARSHIPS, FACULTY FELLOWSHIPS AND PROFESSORSHIPS, FACULTY RESEARCH AND COMMUNITY PROJECTS, AND ATHLETICS PROGRAMS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kobayashi Sugita & Goda Llp
Legal
$672,624
Financial Admin Support Services
Accounting
$240,000
Hopkins & Carley
Legal
$132,859
Kobayashi Sugita & Goda Llp
Legal
$672,624
Hopkins & Carley
Legal
$132,859
Financial Admin Support Services
Accounting
$240,000
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$14,499,094
Investment income $3,658,769
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,083,185
Net Income from Fundraising Events $21,845
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $29,787,267

Grants Awarded

Over the last fiscal year, The Tower Foundation Of San Jose State University has awarded $4,376,962 in support to 3 organizations.

Grant RecipientAmount

SAN JOSE STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS/AWARDS

$4,034,309

SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION

Org PageRecipient Profile

San Jose, CA

PURPOSE: SUPPORT FOR BUILDING RENOVATION

$318,163

CSU MONTEREY BAY

PURPOSE: SCHOLARSHIPS

$24,490
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 31 grants that The Tower Foundation Of San Jose State University has recieved totaling $2,202,565.

Awarding OrganizationAmount
Gulf Coast Community Foundation Inc

Venice, FL

PURPOSE: EDUCATION

$225,000
William & Flora Hewlett Foundation

Menlo Park, CA

PURPOSE: FOR SUPPORT OF THE TEACHER RESIDENCY PROGRAM

$200,441
William & Flora Hewlett Foundation

Menlo Park, CA

PURPOSE: FOR SUPPORT OF THE TEACHER RESIDENCY PROGRAM

$190,594
Koret Foundation

San Francisco, CA

PURPOSE: DIVERSIFYING STEM PIPELINE PROJECT

$182,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$177,625
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$163,970
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$148,747,340
Earnings$49,150,000
Admin Expense-$714,369
Net Contributions-$49,467
Ending Balance$198,562,242

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