Plattsburgh College Foundation Inc

Organization Overview

Plattsburgh College Foundation Inc is located in Plattsburgh, NY. The organization was established in 1965. 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. Plattsburgh College 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 06/2022, Plattsburgh College Foundation Inc generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $2.3m 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

PLATTSBURGH COLLEGE FOUNDATION, INC. WAS ESTABLISHED IN 1963 TO RECEIVE AND MANAGE SUBSTANTIALLY ALL PRIVATE GIFTS TO THE STATE UNIVERSITY OF NEW YORK COLLEGE AT PLATTSBURGH. A SIGNIFICANT AMOUNT OF FUNDS RAISED FROM PRIVATE CONTRIBUTIONS AND GENERATED FROM ENDOWMENT INVESTMENTS IS DESIGNATED FOR FINANCIAL ASSISTANCE FOR THE COLLEGE'S STUDENTS. IN ADDITION, THE FOUNDATION PROVIDES SUPPORT FOR ACADEMIC AND STUDENT LIFE ENRICHMENT PROGRAMS AND OTHER INSTITUTIONAL SUPPORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLATTSBURGH COLLEGE FOUNDATION (THE FOUNDATION) FUNDS SCHOLARSHIPS AND GRANTS TO STUDENTS ENROLLED AT SUNY PLATTSBURGH (THE COLLEGE). THESE SCHOLARSHIPS AND GRANTS ARE SELECTED BY COLLEGE OFFICES AND DEPARTMENTS, REPORTED TO THE COLLEGE'S FINANCIAL AID OFFICE AND PAID TO EACH RECIPIENT STUDENT'S ACCOUNT THROUGH THE COLLEGE'S STUDENT ACCOUNTS OFFICE. THE SCHOLARSHIPS AND GRANTS ARE FUNDED THROUGH GIFTS TO THE FOUNDATION, INCLUDING THOSE BOTH WITH AND WITHOUT DONOR RESTRICTIONS, AS WELL AS THROUGH INVESTMENT INCOME GENERATED FROM ENDOWMENTS WHICH ARE DESIGNATED FOR SCHOLARSHIP SUPPORT.


THE FOUNDATION PROVIDES SUPPORT FOR ACADEMIC DEPARTMENTS AND PROGRAMS OF THE COLLEGE. THE SUPPORT INCLUDES THE PURCHASE OF ACADEMIC EQUIPMENT, SUPPORT FOR SALARIES PAID BY THE COLLEGE, TRAVEL TO CONFERENCES AND OTHER PROFESSIONAL DEVELOPMENT ACTIVITIES AND VARIOUS OTHER ACTIVITIES THAT ENHANCE THE VIBRANCY OF THE ACADEMIC PROGRAMS OFFERED BY THE COLLEGE.


THE FOUNDATION PROVIDES SUPPORT FOR STUDENT FOCUSED DEPARTMENTS AND PROGRAMS OF THE COLLEGE INCLUDING ATHLETICS, STUDENT LEADERSHIP OPPORTUNITIES AND THE LIKE. THE SUPPORT COMES IN THE FORM OF FUNDS FOR EQUIPMENT, TRAVEL, MARKETING MATERIALS, EVENTS AND ASSISTANCE TO STUDENTS IN CRISIS, AND OTHER ACTIVITIES WHICH ENRICH THE OVERALL STUDENT EXPERIENCE.


OTHER PROGRAM SERVICES


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Board, Officers & Key Employees

Name (title)Compensation
John Conners
President
$0
Thomas Hermes
Second Vice President
$0
Henry Casazza
First Vice President
$0
Kathy Magaw
Treasurer
$0
Peter Gerney
Secretary
$0
Randall G Giltz
Director
$0

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$6,962,122
Noncash contributions included in lines 1a–1f $262,379
Total Revenue from Contributions, Gifts, Grants & Similar$6,962,122
Total Program Service Revenue$0
Investment income $890,860
Tax Exempt Bond Proceeds $0
Royalties $9,159
Net Rental Income $0
Net Gain/Loss on Asset Sales $586,612
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,457,454

Grants Recieved

Over the last fiscal year, we have identified 35 grants that Plattsburgh College Foundation Inc has recieved totaling $377,457.

Awarding OrganizationAmount
College Auxiliary Services Inc

Plattsburgh, NY

PURPOSE: SCHOLARSHIP FUND

$108,000
College Auxiliary Services Inc

Plattsburgh, NY

PURPOSE: FOUNDATION PROGRAMMING & SUPPORT

$85,750
Radow Family Foundation Inc

Atlanta, GA

PURPOSE: GENERAL FUND

$57,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$41,450
Oconnor Foundation

Delhi, NY

PURPOSE: SCHOLARSHIPS

$15,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$13,236
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,743,057
Earnings-$3,120,794
Net Contributions$1,019,412
Other Expense$1,120,262
Ending Balance$25,521,413

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