L S U Foundation
- Assets
- $825.9m
- Revenue
- $173.9m
- Investments
- $377.4m
- Employees
- 187
- Location
- Baton Rouge, LA
- Founding
- 10/1963
- Data as of
- 06/2022
- EIN
- 72-6020969
Organization Overview
L S U Foundation is located in Baton Rouge, LA. The organization was established in 1963. 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 06/2022, L S U Foundation employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L S U 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, L S U Foundation generated $173.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $48.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LSU FOUNDATION CULTIVATES AND INVESTS IN PHILANTHROPIC PARTNERSHIPS TO SUPPORT AND ADVANCE LSU'S ACADEMIC PRIORITIES.
Describe the Organization's Program Activity:
ACADEMIC AND RESEARCH ACTIVITIES: OPERATIONAL SUPPORT EXPENSES TO SUPPLEMENT STATE FUNDING AND AID THE ACADEMIC COLLEGES OF THE UNIVERSITY AS WELL AS THE AGRICULTURAL CENTER IN ACCOMPLISHING LSU'S MISSION.
OTHER PROGRAM SERVICES INCLUDE: (1) SALARY SUPPORT FOR ACADEMIC PURPOSES, (2) INSTITUTION-WIDE ACADEMIC PROGRAMS, SUCH AS LECTURE SERIES AND HOSTING VISITING SCHOLARS, (3) SERVICE AWARDS FOR OUTSTANDING FACULTY AND PROFESSIONAL STAFF, (4) TRAVEL TO NATIONAL AND INTERNATIONAL BUSINESS SEMINARS AND CONFERENCES BY UNIVERSITY FACULTY AND STAFF OF ACADEMIC UNITS, (5) INSTITUTIONAL ADVANCEMENT, (6) CAPITAL OUTLAY INCLUDING THE ACQUISITION OF EQUIPMENT AND CONSTRUCTION OF FACILITIES FOR USE IN THE ACADEMIC RESEARCH ENDEAVORS OF THE UNIVERSITY.
SCHOLARSHIPS AND FELLOWSHIPS - FINANCIAL SUPPORT TO UNDERGRADUATE AND GRADUATE STUDENTS THROUGH APPROXIMATELY 2,200 AVAILABLE SCHOLARSHIPS AND FELLOWSHIPS.
CHAIRS AND PROFESSORSHIPS: EXPENSES TO DIRECTLY SUPPORT THE SCHOLARLY ACTIVITIES OF OVER 850 SPECIFICALLY DESIGNATED CHAIRS AND PROFESSORSHIPS AVAILABLE TO LSU'S DISTINGUISHED FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Adamek Director | Trustee | 1 | $0 |
T Cass Gaiennie Director | Trustee | 1 | $0 |
Suzette Kent Director | Trustee | 1.5 | $0 |
Sean Reilly Director | Trustee | 1 | $0 |
Scott Brakebill Director | Trustee | 1 | $0 |
Sarah Borders Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hitachi Healthcare Americas Purchased Readiology Equipment For Vet M | 6/29/22 | $1,106,605 |
Blackbaud Inc Subscription Services - Crm System | 6/29/22 | $493,903 |
Zuri Group Llc Crm Implementation Consultants | 6/29/22 | $393,520 |
Adams & Reese Legislative Activities Consultant | 6/29/22 | $215,000 |
Wyatt Houston Day Bookseller Purchased African American Poetry Collec | 6/29/22 | $190,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $290,131 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,981,107 |
| Noncash contributions included in lines 1a–1f | $3,859,434 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,271,238 |
| Total Program Service Revenue | $0 |
| Investment income | $2,979,615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $129,788 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,003,782 |
| Net Income from Fundraising Events | $10,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,876,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,872,280 |
| 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. | $1,303,186 |
| Compensation of current officers, directors, key employees. | $848,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,065,864 |
| Pension plan accruals and contributions | $382,616 |
| Other employee benefits | $906,350 |
| Payroll taxes | $496,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,748 |
| Fees for services: Accounting | $111,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,782 |
| Fees for services: Other | $1,285,352 |
| Advertising and promotion | $106,957 |
| Office expenses | $2,457,499 |
| Information technology | $563,381 |
| Royalties | $0 |
| Occupancy | $323,290 |
| Travel | $665,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $365,835 |
| Interest | $0 |
| Payments to affiliates | $2,331,341 |
| Depreciation, depletion, and amortization | $106,548 |
| Insurance | $288,913 |
| All other expenses | $0 |
| Total functional expenses | $48,702,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,219,192 |
| Pledges and grants receivable | $66,649,126 |
| Accounts receivable, net | $880,994 |
| 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 | $115,487 |
| Net Land, buildings, and equipment | $5,814,391 |
| Investments—publicly traded securities | $280,767,702 |
| Investments—other securities | $377,436,222 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,009,491 |
| Total assets | $825,892,605 |
| Accounts payable and accrued expenses | $3,851,571 |
| Grants payable | $0 |
| Deferred revenue | $1,991,604 |
| 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 | $138,084,707 |
| Total liabilities | $143,927,882 |
| Net assets without donor restrictions | $36,798,156 |
| Net assets with donor restrictions | $645,166,567 |
| 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 | $825,892,605 |