The Bridgewater State University Foundation

Organization Overview

The Bridgewater State University Foundation is located in Bridgewater, MA. The organization was established in 2015. 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. Bridgewater 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, Bridgewater State University Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 7.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES WERE INCURRED TO AWARD STUDENT SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS OF BRIDGEWATER STATE UNIVERSITY


GIFTS TO BRIDGEWATER STATE UNIVERSITY TO ASSIST THE UNIVERSITY IN PROMOTING AREAS OF EDUCATION AND RESEARCH WHICH MAY NOT RECEIVE STATE FUNDING


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Caron
Past President
$0
Jeremy David
2nd Vice Chair
$0
Eugene Durgin
Past Chair
$0
Ann Ulett
Treasurer
$0
David Rumrill
1st Vice Chair
$0
Joseph St Laurent
Foundation Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Morgan Stanley
Investment Management
$215,116
Community Counseling Service Co Llc
Capital Campaign
$102,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,117
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,813,354
Noncash contributions included in lines 1a–1f $104,183
Total Revenue from Contributions, Gifts, Grants & Similar$2,816,471
Total Program Service Revenue$0
Investment income $13,940
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $46,404
Net Gain/Loss on Asset Sales $618,733
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,495,548

Grants Awarded

Over the last fiscal year, The Bridgewater State University Foundation has awarded $492,955 in support to 2 organizations.

Grant RecipientAmount

BRIDGEWATER STATE UNIVERSITY

PURPOSE: SUPPORT OF THE UNIVERSITY PRIMARILY THROUGH THE ANNUAL FUND AND OTHER DONOR DESIGNATIONS

$467,955

HAPPY CHILDHOOD FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: DONOR DESIGNATED SUPPORT

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that The Bridgewater State University Foundation has recieved totaling $197,836.

Awarding OrganizationAmount
Rize Massachusetts Foundation Inc

Boston, MA

PURPOSE: HARM REDUCTION TRAINING SCHOLARS PROGRAM

$118,802
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: EDUCATION

$55,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$7,967
Deloitte Foundation

Stamford, CT

PURPOSE: FY'21 MATCHING GIFTS

$6,000
Hartford Foundation For Public Giving

Hartford, CT

PURPOSE: SCHOLARSHIPS

$5,200
Fidelity Foundation

Boston, MA

PURPOSE: MATCHING GIFTS TO EDUCATION

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$25,320,926
Earnings$8,434,338
Net Contributions$1,946,064
Grants$1,178,259
Ending Balance$34,523,069

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