California Polytechnic State University Foundation
- Assets
- $434.2m
- Revenue
- $44.3m
- Investments
- $1.2m
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 12/2006
- Data as of
- 06/2021
- EIN
- 20-4927897
Organization Overview
California Polytechnic State University Foundation is located in San Luis Obispo, CA. The organization was established in 2006. 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. California Polytechnic 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 06/2021, California Polytechnic State University Foundation generated $44.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $40.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, California Polytechnic State University Foundation has awarded 39 individual grants totaling $146,363,002. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO OPERATE AS AN AUXILIARY ORGANIZATION OF THE CALIFORNIA STATE UNIVERSITY BY SUPPORTING THE SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES OF CALIFORNIA POLYTECHNIC STATE UNIVERSITY, SAN LUIS OBISPO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES IN SUPPORT OF THE EDUCATIONAL MISSION OF THE UNIVERSITY; INCLUDING INSTRUCTION, RESEARCH, MAINTENANCE, SCHOLARSHIPS AND OTHER ACADEMIC AND INSTITUTIONAL SUPPORT.
MANAGEMENT AND INVESTMENT OF CAMPUS PROGRAM FUNDS AND ENDOWMENT FUNDS, THE EARNINGS ON WHICH ARE RESTRICTED FOR THE BENEFIT OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey D Armstrong University President & CEO | OfficerTrustee | 10 | $0 |
William H Swanson Chairman | OfficerTrustee | 3 | $0 |
Charles L Harrington Vice Chairman | OfficerTrustee | 3 | $0 |
John Ronca Secretary | OfficerTrustee | 3 | $0 |
Marc Benadiba Treasurer | OfficerTrustee | 8 | $0 |
Philip S Bailey Jr Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaspick & Company Investment Advisor | 6/29/15 | $509,696 |
Cal Poly Corporation Administrative Services | 6/29/15 | $156,857 |
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 | $29,386,176 |
| Noncash contributions included in lines 1a–1f | $3,323,505 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,386,176 |
| Total Program Service Revenue | $0 |
| Investment income | $6,361,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,757 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,588,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,339,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,899,566 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,336 |
| Fees for services: Legal | $63,963 |
| Fees for services: Accounting | $64,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $540,804 |
| Fees for services: Other | $5,759 |
| Advertising and promotion | $123,418 |
| Office expenses | $299,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,777 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,938 |
| All other expenses | $0 |
| Total functional expenses | $40,325,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,355,129 |
| Pledges and grants receivable | $42,676,207 |
| Accounts receivable, net | $102,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $323,000 |
| Inventories for sale or use | $198,735 |
| Prepaid expenses and deferred charges | $23,136 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $358,199,218 |
| Investments—other securities | $1,238,465 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,842 |
| Total assets | $434,195,321 |
| Accounts payable and accrued expenses | $328,175 |
| Grants payable | $0 |
| Deferred revenue | $94,370 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,137,089 |
| Total liabilities | $16,559,634 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $417,635,687 |
| Total liabilities and net assets/fund balances | $434,195,321 |
Grants Awarded
Over the last fiscal year, California Polytechnic State University Foundation has awarded $18,899,566 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA POLYTECHNIC STATE UNIVERSITY PURPOSE: SUPPORT OF THE UNIVERSITY | $13,776,777 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR STUDENTS AS DETERMINED BY THE UNIVERSITY | $2,619,075 |
San Luis Obispo, CA PURPOSE: CONTRIBUTIONS TO CAL POLY CORPORATION IN SUPPORT OF THE UNIVERSITY | $2,482,814 |
San Luis Obispo, CA PURPOSE: CONTRIBUTIONS TO ASSOCIATED STUDENTS, INC. IN SUPPORT OF THE UNIVERSITY | $20,900 |
Grants Recieved
Over the last fiscal year, we have identified 76 grants that California Polytechnic State University Foundation has recieved totaling $7,595,013.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $3,858,450 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $1,127,871 |
The Raintree Foundation Goleta, CA PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSE | $300,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $298,375 |
American Diabetes Association Arlington, VA PURPOSE: Innovative Clinical or Translational Science | $190,000 |
American Diabetes Association Arlington, VA PURPOSE: Innovative Clinical or Translational Science | $190,000 |
Endowment Analysis
| Beg. Balance | $223,790,671 |
| Earnings | $66,889,832 |
| Admin Expense | -$520,209 |
| Net Contributions | $7,315,696 |
| Other Expense | -$10,499,364 |
| Grants | -$2,619,075 |
| Ending Balance | $284,357,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |