Auburn University Foundation
- Assets
- $909.6m
- Revenue
- $105.9m
- Investments
- $463.8m
- Employees
- 75
- Location
- Auburn, AL
- Founding
- 07/1960
- Data as of
- 09/2023
- EIN
- 63-6022422
Organization Overview
Auburn University Foundation is located in Auburn, AL. The organization was established in 1960. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 09/2023, Auburn University Foundation employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Auburn 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 09/2023, Auburn University Foundation generated $105.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $62.5m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Auburn University Foundation has awarded 124 individual grants totaling $485,263,211. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF AUBURN UNIVERSITY, AN EDUCATIONAL, LAND-GRANT INSTITUTION WHICH IS TAX EXEMPT UNDER IRC SECTION 115.
Describe the Organization's Program Activity:
GRANTS TO AUBURN UNIVERSITY (AU) FOR ACADEMIC, OUTREACH AND RESEARCH MISSIONS AND ITS SUPPORTING/RELATED ORGANIZATIONS IN SUPPORT OF THEIR ORGANIZATION'S PRIMARY PURPOSES, OUTREACH AND INTERCOLLEGIATE ATHLETICS, IN SUPPORT OF AU.
EXPENDITURES MADE BY AUBURN UNIVERSITY FOUNDATION (AUF) ON BEHALF OF AU IN SUPPORT OF ITS ACADEMIC, OUTREACH AND RESEARCH MISSIONS.
GRANTS TO AUBURN UNIVERSITY REAL ESTATE FOUNDATION, INC.(AUREF), FOR OPERATIONS AND THE TRANSFER OF REAL PROPERTIES TO AU FOR PERPETUAL MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Jacobson Chair | OfficerTrustee | 2.46 | $0 |
Steve Cates Vice Chair | OfficerTrustee | 2.46 | $0 |
Cheryl Casey Past Chair | OfficerTrustee | 2.62 | $0 |
Greg Heston Treasurer | OfficerTrustee | 1.46 | $0 |
Beth Stukes Director | Trustee | 2.15 | $0 |
Bruce Donnellan Director | Trustee | 1.77 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Inc Fundraising Support | 9/29/23 | $375,033 |
Salesforcecom Inc Fundraising Support | 9/29/23 | $326,241 |
The Hotel At Auburn University Hospitality | 9/29/23 | $554,168 |
Broadway Construction Company Llc Construction | 9/29/23 | $555,134 |
Terra Cotta Catering Co Catering | 9/29/23 | $819,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,249 |
| Related organizations | $535,899 |
| Government grants | $57,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,344,859 |
| Noncash contributions included in lines 1a–1f | $6,329,439 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,063,156 |
| Total Program Service Revenue | $144,828 |
| Investment income | $4,407,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $85,489 |
| Net Rental Income | $3,780 |
| Net Gain/Loss on Asset Sales | $19,114,434 |
| Net Income from Fundraising Events | $112,551 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,901,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,101,599 |
| 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. | $404,352 |
| Compensation of current officers, directors, key employees. | $237,124 |
| 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 | $1,857,021 |
| Fees for services: Legal | $63,431 |
| Fees for services: Accounting | $106,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $374,983 |
| Advertising and promotion | $382,798 |
| Office expenses | $976,028 |
| Information technology | $282,129 |
| Royalties | $0 |
| Occupancy | $147,207 |
| Travel | $976,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,499 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $62,477,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,283,627 |
| Pledges and grants receivable | $75,608,395 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,487,023 |
| Investments—publicly traded securities | $335,194,322 |
| Investments—other securities | $463,811,039 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,182,825 |
| Total assets | $909,567,231 |
| Accounts payable and accrued expenses | $535,893 |
| Grants payable | $0 |
| Deferred revenue | $15,329 |
| 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 | $39,418,939 |
| Total liabilities | $39,970,161 |
| Net assets without donor restrictions | $44,158,474 |
| Net assets with donor restrictions | $825,438,596 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $909,567,231 |
Grants Awarded
Over the last fiscal year, Auburn University Foundation has awarded $51,101,599 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN ALUMNI ASSOCIATION PURPOSE: ALUMNI RELATIONS | $134,708 |
AUBURN UNIVERSITY PURPOSE: ACADEMIC, RESEARCH, OUTREACH, NONACADEMIC, FACULTY, CAPITAL SUPPORT, STUDENT SERVICES, INTERCOLLEGIATE ATHLETICS, LIBRARY, INSTITUTIONAL ADMINISTRATION, STUDENT FINANCIAL AID, & OTHER PROGRAM SUPPORT | $50,142,414 |
TIGERS UNLIMITED FOUNDATION PURPOSE: INTERCOLLEGIATE ATHLETICS | $364,177 |
AUBURN UNIVERSITY REAL ESTATE FOUNDATION INC PURPOSE: CAPITAL SUPPORT | $460,300 |