Western Carolina University Foundation

Organization Overview

Western Carolina University Foundation is located in Cullowhee, NC. The organization was established in 1972. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Western Carolina University Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Carolina 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 06/2022, Western Carolina University Foundation generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 7.2% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL SUPPORT TO WESTERN CAROLINA UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING FINANCIAL ASSISTANCE AND SCHOLARSHIPS TO WORTHY STUDENTS AND FINANCIAL SUPPORT TO VARIOUS DEPARTMENTS OF WESTERN CAROLINA UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Kelli Brown
President
$0
Jamie Raynor
Executive Se
$0
Donna Winbon
Chair
$0
Charlie Worley
2nd Vice Cha
$0
Beth Lofquist
3rd Vice Cha
$0
Mike Byers
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$8,906
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,489,879
Noncash contributions included in lines 1a–1f $230,422
Total Revenue from Contributions, Gifts, Grants & Similar$6,498,785
Total Program Service Revenue$129,110
Investment income $21,262
Tax Exempt Bond Proceeds $0
Royalties $1,142
Net Rental Income $0
Net Gain/Loss on Asset Sales $639,110
Net Income from Fundraising Events -$2,733
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,286,676

Grants Awarded

Over the last fiscal year, Western Carolina University Foundation has awarded $5,386,862 in support to 3 organizations.

Grant RecipientAmount

WESTERN CAROLINA UNIVERSITY

PURPOSE: ATHLETIC DEPARTMENT

$3,031,065

WESTERN CAROLINA UNIVERSITY

PURPOSE: GENERAL UNIVERSITY

$1,783,363

WESTERN CAROLINA UNIVERSITY

PURPOSE: GENERAL UNIVERSITY

$572,434
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Western Carolina University Foundation has recieved totaling $15,000.

Awarding OrganizationAmount
Annexstad Family Foundation

Mound, MN

PURPOSE: SCHOLARSHIP

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$63,475,474
Earnings$2,740,780
Net Contributions$1,878,498
Other Expense$375,854
Grants$1,783,363
Ending Balance$65,935,535

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