Florida International University Foundation Inc

Organization Overview

Florida International University Foundation Inc is located in Miami, FL. The organization was established in 1969. 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. Florida International 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 06/2021, Florida International University Foundation Inc generated $154.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $43.0m during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 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.

Since 2015, Florida International University Foundation Inc has awarded 237 individual grants totaling $193,450,899. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR FIU AND ITS OBJECTIVES.

Describe the Organization's Program Activity:

THE FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION ACCEPTS CHARITABLE DONATIONS TO SUPPORT FLORIDA INTERNATIONAL UNIVERSITY IN ITS GOAL TO BE A LEADING URBAN PUBLIC RESEARCH UNIVERSITY FOCUSED ON STUDENT LEARNING, INNOVATION, AND COLLABORATION. THE FOUNDATION SUPPORTS THE UNIVERSITY'S MISSION BY PROVIDING FUNDS TO SUPPORT A DIVERSE STUDENT POPULATION, EXCEPTIONAL FACULTY, CUTTING EDGE RESEARCH, MODERN FACILITIES, AND COLLABORATIVE ENGAGEMENT WITH OUR LOCAL AND GLOBAL COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Adalio T Sanchez
Vice Chairperson
$0
Richard Brilliant
Immediate Past Chairperson
$0
Jill M Granat
Secretary
$0
Humberto Cabanas
Chairperson
$0
Andre L Teixeira
Treasurer
$0
Howard R Lipman
CEO
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Concord Advisory Group Ltd
Investment Manager Consultant
$101,500
Cambridge Associates Llc
Investment Officer
$442,705
Jpmorgan Chase
Investment Officer & Custodian
$264,800
Capital City Consulting Llc
Lobbying
$145,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$365,503
Fundraising events$10,148
Related organizations$9,700,747
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$86,198,401
Noncash contributions included in lines 1a–1f $3,525,970
Total Revenue from Contributions, Gifts, Grants & Similar$96,274,799
Total Program Service Revenue$0
Investment income $2,144,982
Tax Exempt Bond Proceeds $0
Royalties $53,851
Net Rental Income $366,951
Net Gain/Loss on Asset Sales $55,738,127
Net Income from Fundraising Events -$2,582
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $154,605,877

Grants Awarded

Over the last fiscal year, Florida International University Foundation Inc has awarded $25,736,723 in support to 31 organizations.

Grant RecipientAmount

HERBERT WERTHEIM COLLEGE OF MEDICINE

PURPOSE: UNIVERSITY/STUDENT ASSISTANCE

$3,971,304

COLLEGE OF ARTS SCIENCES & EDUCATION

PURPOSE: UNIVERSITY/STUDENT ASSISTANCE

$2,375,970

ACADEMIC AFFAIRS

PURPOSE: UNIVERSITY/STUDENT ASSISTANCE

$2,179,109

CHAPLIN SCHOOL OF HOSPITALITY & TOURISM MANAGEMENT

PURPOSE: UNIVERSITY/STUDENT ASSISTANCE

$1,832,538

ATHLETICS FUND - GOLDEN PANTHERS

PURPOSE: UNIVERSITY/STUDENT ASSISTANCE

$1,604,756

COLLEGE OF BUSINESS ADMINISTRATION

PURPOSE: UNIVERSITY/STUDENT ASSISTANCE

$1,594,308
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Florida International University Foundation Inc has recieved totaling $2,500.

Awarding OrganizationAmount
Kelsie Karpiak Memorial Scholarship Foundation Inc

St Augustine, FL

PURPOSE: SCHOLARSHIP GRANT FOR EXCEPTIONAL STUDENT

$2,000
Chapman Foundation

Greenville, SC

PURPOSE: 501(C)(3) EDUCATIONAL INSTITUTION CONTRIBUTION

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$218,684,250
Earnings$63,059,221
Net Contributions$6,375,715
Other Expense$11,709,142
Ending Balance$276,410,044

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