Eastern Washington University Foundation

Organization Overview

Eastern Washington University Foundation is located in Cheney, WA. The organization was established in 1978. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Eastern Washington 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 06/2022, Eastern Washington University Foundation generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AND MANAGE RESOURCES IN SUPPORT OF EASTERN WASHINGTON UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTING STUDENTSFINANCIAL ASSISTANCE UNLOCKS ENORMOUS POTENTIAL BY HELPING EASTERN WASHINGTON UNIVERSITY STUDENTS GRADUATE AND ENTER THE PROFESSIONAL WORKFORCE. THE EWU FOUNDATION AWARDED 735 SCHOLARSHIPS IN 2022. WITH THIS SUPPORT, STUDENTS CAN FOCUS ON THEIR STUDIES, PROGRESS MORE QUICKLY TO THEIR DEGREES AND GRADUATE DEBT-FREE OR WITH GREATLY REDUCED DEBT.


SUPPORTING THE UNIVERSITYEWU IS STATE-ASSISTED RATHER THAN STATE-SUPPORTED WITH APPROXIMATELY 30 PERCENT OF EASTERN'S OPERATION BUDGET BEING PROVIDED BY STATE APPROPRIATIONS. FOCUSED ON DEVELOPING THE UNIVERSITY OF THE FUTURE-ONE THAT ANTICIPATES STUDENT EXPECTATIONS AS WELL AS THE NEEDS OF THE 21ST CENTURY PROFESSIONAL WORKFORCE-THE EWU FOUNDATION RIGOROUSLY FUNDRAISES TO ACCOUNT FOR A DECLINE IN STATE SUPPORT. BY WORKING TO BUILD PERMANENT ENDOWMENTS AND FUTURE GENERATIONS OF BENEFACTORS, THE EWU FOUNDATION IS TAKING STEPS TO ENSURE THAT STUDENTS AND PROGRAMS WILL RECEIVE NECESSARY FINANCIAL SUPPORT LONG INTO THE FUTURE.


SUPPORTING FACULTYTHE EWU FOUNDATION IS COMMITTED TO SUPPORTING FACULTY AND STAFF PROPOSALS THAT WILL ENHANCE THE UNIVERSITY AND ITS MISSION TO PROVIDE OPPORTUNITIES FOR STUDENT DEVELOPMENT, RESEARCH AND PARTICIPATION. THE EWU FOUNDATION AWARDS FUNDS THROUGH THE EAGLE GRANTS PROGRAM. THOSE FUNDS MADE LEARNING AND DEVELOPMENT PROGRAMS POSSIBLE IN DISCIPLINES ACROSS CAMPUS, SERVING STUDENTS AT THE HIGHEST LEVEL OF EXCELLENCE.


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Board, Officers & Key Employees

Name (title)Compensation
Barb Richey
Executive Director
$197,330
Lance Kissler
Avp Communications
$128,028
Laura Thayer From Oct
Avp Philanthropy
$120,674
John Drexel From Oct
Chief Budget Officer
$71,250
Krisann Hatch
Chair
$0
Richard Marll
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$9,608
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,013,012
Noncash contributions included in lines 1a–1f $230,219
Total Revenue from Contributions, Gifts, Grants & Similar$5,022,620
Total Program Service Revenue$0
Investment income $841,056
Tax Exempt Bond Proceeds $0
Royalties $383,644
Net Rental Income $0
Net Gain/Loss on Asset Sales $257,804
Net Income from Fundraising Events $14,534
Net Income from Gaming Activities $181
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,519,839

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Eastern Washington University Foundation has recieved totaling $53,250.

Awarding OrganizationAmount
Johnston-Fix Foundation

Spokane, WA

PURPOSE: CHARITABLE DISTRIBUTION.

$25,000
The Hugh And Jane Ferguson Foundation

Seattle, WA

PURPOSE: ENVIRONMENTAL PROTECTION

$10,000
Carl M Hansen Foundation Inc

Spokane, WA

PURPOSE: SCHOLARSHIP.

$5,000
Klaue Family Foundation

Spokane, WA

PURPOSE: ATHLETIC DEPT GENERAL FUND

$5,000
Carl M Hansen Foundation Inc

Spokane, WA

PURPOSE: SCHOLARSHIP.

$5,000
Rick And Amy Magnuson Foundation Inc

Los Altos, CA

PURPOSE: SCHOLARSHIPS

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$33,180,438
Earnings-$4,708,479
Net Contributions$1,703,326
Other Expense$1,043,620
Ending Balance$29,131,665

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