Washington State University Foundation

Organization Overview

Washington State University Foundation is located in Pullman, WA. The organization was established in 1979. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Washington State University Foundation employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington State 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, Washington State University Foundation generated $157.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $101.6m during the year ending 06/2022. While expenses have increased by 4.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS TO PROMOTE, ACCEPT, AND MAXIMIZE PRIVATE SUPPORT FOR PROGRAMS, INITIATIVES, AND PROPERTIES OF WASHINGTON STATE UNIVERSITY AND ITS REGIONAL CAMPUSES. THE FOUNDATION ALSO PRUDENTLY MANAGES, INVESTS, AND STEWARDS ASSETS ENTRUSTED TO IT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL PROGRAM SUPPORT: THE FOUNDATION DOES NOT DIRECTLY PROVIDE THE PROGRAM SERVICE. HOWEVER, CONTRIBUTIONS RECEIVED FOR THIS PURPOSE WERE DISTRIBUTED TO THE UNIVERSITY FOR USE IN ACCORDANCE WITH DONOR AGREEMENTS. THESE CONTRIBUTIONS EARMARKED FUNDS FOR GENERAL AND ADMINISTRATIVE EXPENSES, ENTREPRENEURIAL ACTIVITIES, AND OTHER DEPARTMENTAL AND UNIVERSITY WIDE PROGRAMS.


SCHOLARSHIPS & FELLOWSHIPS: THE FOUNDATION DOES NOT DIRECTLY AWARD SCHOLARSHIPS AND FELLOWSHIPS. HOWEVER, CONTRIBUTIONS FOR THESE PURPOSES WERE DISTRIBUTED TO THE UNIVERSITY FOR USE IN ACCORDANCE WITH DONOR AGREEMENTS. STUDENT FINANCIAL AID WAS RECEIVED FOR LOANS, GRADUATE FELLOWSHIPS, GENERAL SCHOLARSHIPS AND SCHOLARSHIPS WITH SPECIFIC CRITERIA, SUCH AS MERIT, NEED, AND MULTICULTURALISM.


FACILITIES OPERATION AND MAINTENANCE: THE FOUNDATION DOES NOT DIRECTLY PROVIDE FACILITY AND MAINTENANCE PROGRAM SERVICES. HOWEVER, CONTRIBUTIONS RECEIVED FOR THIS PURPOSE ARE DISTRIBUTED TO THE UNIVERSITY FOR USE IN ACCORDANCE WITH THE DONOR AGREEMENTS. CONTRIBUTIONS WERE RECEIVED FOR THE PURCHASE AND MAINTENANCE OF BUILDINGS AND EQUIPMENT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ruffalo Noel Levitz
Fundraising
$840,202
State Street
Custodian Fees
$159,905
Grenzebach Glier & Associates
Consulting
$235,305
Ellucian
Consulting
$568,869
Pavilion
Investment Management
$241,141
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$102,514,867
Noncash contributions included in lines 1a–1f $12,553,992
Total Revenue from Contributions, Gifts, Grants & Similar$102,514,867
Total Program Service Revenue$13,437,662
Investment income $7,249,246
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $34,285,873
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $157,487,648

Grants Recieved

Over the last fiscal year, we have identified 106 grants that Washington State University Foundation has recieved totaling $7,537,140.

Awarding OrganizationAmount
Schneidmiller Family Foundation

Post Falls, ID

PURPOSE: GENERAL SUPPORT OF THE UNIVERSITY

$1,000,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$478,964
M J Murdock Charitable Trust

Vancouver, WA

PURPOSE: HIGH-PARAMETER TISSUE IMAGER

$409,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$403,590
M J Murdock Charitable Trust

Vancouver, WA

PURPOSE: SMALL ANGLE X-RAY SCATTERING INSTRUMENT

$349,900
Credit Unions In The State Of Washington

Tukwila, WA

PURPOSE: DONATION

$325,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$588,014,605
Earnings-$21,380,855
Net Contributions$22,975,220
Other Expense$28,330,089
Ending Balance$561,278,881

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