The Baruch College Fund

Organization Overview

The Baruch College Fund is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Baruch College Fund employed 536 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baruch College Fund 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, Baruch College Fund generated $67.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $15.3m during the year ending 06/2021. While expenses have increased by 0.9% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FUND ENGAGES IN GENERATING, ENCOURAGING & PROMOTING THE EDUCATIONAL WELFARE (SEE SCHEDULE O)OF THE STUDENTS OF THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUND SUPPORTS ACTIVITIES THROUGH SCHOLARSHIPS AND AWARDS AND GRANTS TO THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK ("THE COLLEGE") FOR VARIOUS EDUCATIONAL PURPOSES SUCH AS THE SUPPORT OF THE COLLEGE'S THEATER, PUBLICATIONS, FACULTY, ART GALLERY, AND STUDENT SERVICES. STUDENT SERVICES INCLUDE ACTIVITIES SUCH AS THE STARR CAREER DEVELOPMENT CENTER, THE SCHWARTZ COMMUNICATION INSTITUTE, AND THE WEISSMAN CENTER FOR INTERNATIONAL BUSINESS, WHICH SERVICE THE ENTIRE STUDENT BODY. IN ADDITION TO SCHOLARSHIPS, AWARDS, AND GRANTS, THE FUND PAYS EXPENSES, INCLUDING CERTAIN COMPENSATION SUPPLEMENTS, ON BEHALF OF THE COLLEGE TO ENABLE IT TO ATTRACT AND RETAIN THE BEST TALENT TO CARRY OUT ITS EDUCATIONAL MISSION.


EITHER DIRECTLY OR INDIRECTLY (THROUGH BCF FUNDS TRANSFERRED TO THE CITY UNIVERSITY OF NEW YORK TO REDUCE STUDENT TUITION OBLIGATIONS), THE BCF PROVIDED $3.9 MILLION IN SCHOLARSHIPS AND AWARDS TO 1,651 STUDENTS IN FY 2022. ALL SCHOLARSHIP AND AWARDS RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON INDIVIDUAL SCHOLARSHIP AND AWARD FUND CRITERIA. AWARDS TO 504 STUDENTS INCLUDE, BUT ARE NOT LIMITED TO FUNDS DISTRIBUTED FOR STUDY ABROAD PROGRAMS, AWARDS TO RECOGNIZE ACADEMIC ACHIEVEMENT AND EMERGENCY FUNDS DISTRIBUTED BASED ON NEED DUE TO HARDSHIP. SEE SCHEDULE I FOR ADDITIONAL DETAILS.


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Board, Officers & Key Employees

Name (title)Compensation
S David Wu
Pres. Of Baruch College
$0
Marline Alexander
Trustee
$0
Robert J Aquilina
Trustee
$0
Helene R Banks
Trustee
$0
Max W Berger
Chairman
$0
Jason S Berman
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Prime Buchholz & Associates Inc
Advisory Svcs
$207,148
L & M Architectural Graphics Inc
Architectural Svcs
$142,130
Future Funds Llc
Plan Giving Counsel
$135,000
Wittkieffer Inc
Executive Search
$121,473
Ologie Llc
Marketing Svcs
$115,000
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$30,082,569
Investment income $1,550,833
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $35,660,783
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $67,294,185

Grants Awarded

Over the last fiscal year, The Baruch College Fund has awarded $5,415,812 in support to 2 organizations.

Grant RecipientAmount

BARUCH COLLEGE-THE CITY UNIVERSITY OF NY

PURPOSE: PROGRAM SUPPORT

$2,936,596

BARUCH COLLEGE-THE CITY UNIVERSITY OF NY

PURPOSE: SCHOLARSHIPs

$2,479,216
View Grant Profile

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$28,786,307
Unbounded Learning Inc
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$34,479,615
Leadership For Educational Equity
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$15,553,361
Education Resource Strategies Inc
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$17,929,911
Entrepreneurial Ventures In Education
Quincy, MA
$11,949,451
Collier Services
Wickatunk, NJ
$17,139,095
America Achieves Inc
New York, NY
$10,611,210
The Baruch College Fund
New York, NY
$67,294,185
Workforce Outsource Services Inc
Uniondale, NY
$13,533,563
Hyde Leadership Charter School-Brooklyn
Brooklyn, NY
$12,455,097
Zeta Charter Schools Inc
Bronx, NY
$14,078,395
Older Adults Technology Services Inc
New York, NY
$13,257,588
North Star Academy Foundation Inc
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$10,832,844
The New York Opportunity Network Inc
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$10,866,205
Teach Plus Incorporated
Boston, MA
$12,042,496
Ecumenical Community
Hershey, PA
$11,556,819
Goodwin University Educational Services Inc
East Hartford, CT
$11,386,380
Cambridge Assessment Inc
New York, NY
$4,475,469
Icivics Inc
Cambridge, MA
$9,812,794

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