Davenport University Foundation

Organization Overview

Davenport University Foundation is located in Grand Rapids, MI. The organization was established in 1984. 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. Davenport 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 06/2023, Davenport University Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FUNDRAISING FOR DAVENPORT UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED SUPPORT TO ASSIST DAVENPORT UNIVERSITY IN THE ACCOMPLISHMENT OF ITS EDUCATIONAL OBJECTIVES, INCLUDING THE FUNDING OF PROGRAMS, THE MAKING OF GRANTS TO THE UNIVERSITY, THE FUNDING OF SCHOLARSHIPS, AND OTHER SUPPORTING ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Pappas
Trustee
$0
William Lettinga
Chairman
$0
Rachel Mraz
Treasurer
$0
James Albers
Trustee
$0
Chad Bassett
Trustee
$0
Scott Geerlings
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$333,943
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,573,732
Noncash contributions included in lines 1a–1f $284,050
Total Revenue from Contributions, Gifts, Grants & Similar$1,907,675
Total Program Service Revenue$0
Investment income $913,849
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$62,779
Net Income from Fundraising Events -$335,007
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,423,738

Grants Awarded

Over the last fiscal year, Davenport University Foundation has awarded $4,914,722 in support to 3 organizations.

Grant RecipientAmount

DAVENPORT UNIVERSITY

PURPOSE: TUITION SCHOLARSHIPS FOR DAVENPORT UNIVERSITY STUDENTS

$1,728,790

DAVENPORT UNIVERSITY

PURPOSE: SPECIFIC PROGRAM FUND GRANTS

$1,185,932

DAVENPORT UNIVERSITY

PURPOSE: GENERAL OPERATING SUPPORT

$2,000,000
View Grant Profile

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