California State University Foundation
- Assets
- $54.8m
- Revenue
- $3.9m
- Investments
- $12.8m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 10/1962
- Data as of
- 06/2024
- EIN
- 95-6123757
Organization Overview
California State University Foundation is located in Long Beach, CA. The organization was established in 1962. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California State 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 06/2024, California State University Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $4.9m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, California State University Foundation has awarded 221 individual grants totaling $37,115,051. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CALIFORNIA STATE UNIVERSITY FOUNDATION IS TO ENHANCE THE EDUCATIONAL EXCELLENCE OF THE CALIFORNIA STATE UNIVERSITY IN TEACHING, LEARNING, COMMUNITY SERVICE, AND APPLIED RESEARCH.
Describe the Organization's Program Activity:
SUPPORT OF MAJOR CSU INITIATIVES SUCH AS IMPROVING THE GRADUATION RATE AND TEACHER PREPARATION THROUGH COLLABORATION WITH EXTERNAL FUNDERS.
THE CSU FOUNDATION SUPPORTED THE EDUCATIONAL AND GOVERNANCE ACTIVITIES OF THE 23 UNIVERSITY CAMPUSES, THROUGH REGULAR MEETINGS OF ITS TRUSTEES, PRESIDENTS, EMPLOYEES, AND ALUMNI LEADERS AS WELL AS PROVIDING EMPLOYEE RECOGNITION.
THE CSU FOUNDATION PROVIDED SCHOLARSHIPS TO 381 STUDENTS THROUGHOUT THE CSU SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Crellin Chair | OfficerTrustee | 1 | $0 |
Gillian Wright Vice Chair | OfficerTrustee | 1 | $0 |
Ronald Fong Secretary | OfficerTrustee | 1 | $0 |
Michael Lucki Treasurer | OfficerTrustee | 1 | $0 |
Keri Askew Bailey Director (thru 1/22/24) | Trustee | 1 | $0 |
John Augustine Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,969,066 |
| Noncash contributions included in lines 1a–1f | $1,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,969,066 |
| Total Program Service Revenue | $26,950 |
| Investment income | $507,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,252,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,946,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,717,251 |
| Grants and other assistance to domestic individuals. | $2,284,428 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Legal | $1,307 |
| Fees for services: Accounting | $46,350 |
| Fees for services: Lobbying | $23,138 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,313 |
| Fees for services: Other | $41,441 |
| Advertising and promotion | $13,236 |
| Office expenses | $29,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $318,458 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,954 |
| All other expenses | $0 |
| Total functional expenses | $4,871,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,458,077 |
| Pledges and grants receivable | $1,616,000 |
| Accounts receivable, net | $36,530 |
| 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 | $17,351 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,931,611 |
| Investments—other securities | $12,829,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,865,674 |
| Total assets | $54,755,126 |
| Accounts payable and accrued expenses | $47,398 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,042,968 |
| Total liabilities | $9,090,366 |
| Net assets without donor restrictions | $7,526,201 |
| Net assets with donor restrictions | $38,138,559 |
| 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 | $54,755,126 |
Grants Awarded
Over the last fiscal year, California State University Foundation has awarded $1,688,651 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF THE CSU PURPOSE: $100,000.00 - TRANSFER TO SPA HEISING-SIMONS FOUNDATION$150,000.00 - TRANSFER TO SPA GRANT#2023-225$500,000.00 - TRANSFER TO SPA GATES FOUNDATION$40,000.00 - TRANSFER TO SPA HAAS FUND$95,751.00 - ANNUAL REIMBURSEMENT TO CSUCO BY COFDN FOR CHANCELLOR'S HOUSING ALLOWANCE AS PER BOT RESOLUTION $42,000.00 - EMPLOYEE MOVING AND RELOCATION | $927,751 |
CSU LONG BEACH RESEARCH FOUNDATION PURPOSE: MELLON ACLS GRANT TRANSFER TO CAMPUS | $185,761 |
CSU FULLERTON PHILANTHROPIC FOUNDATION PURPOSE: MELLON ACLS GRANT TRANSFER TO CAMPUS | $124,470 |
CSU DOMINGUEZ HILLS PHILANTHROPIC FOUNDATION PURPOSE: MELLON ACLS GRANT TRANSFER TO CAMPUS | $99,040 |
CSU SAN BERNADINO PHILANTHROPIC FOUNDATION PURPOSE: MELLON ACLS GRANT TRANSFER TO CAMPUS | $62,343 |
CSU STANISLAUS PURPOSE: SCHUSTERMAN EMERGENCY GRANT | $50,000 |