Overview
What is Foundation Of The State University Of New York At Binghamton Inc?
The Binghamton University Foundation is a nonprofit corporation set up to support Binghamton University by soliciting and managing donations. Its primary goal is to enhance the university's welfare and development by granting financial assistance to its faculty, students, and the institution itself. The foundation serves as a vital intermediary, receiving, holding, and administering gifts to further its mission.
Official website here: www.binghamton.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Four-Star out of Four Stars (100%)
The Foundation of the State University of New York at Binghamton Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting a perfect score of 100%. This rating is a testament to the organization's exceptional accountability and finance practices, crucial for instilling donor confidence. The foundation's financial management is characterized by a low liabilities-to-assets ratio and a high program expense ratio, indicating strong dedication to its mission and effective use of resources.
Strengths of the organization include a majority independent board, a comprehensive audit and oversight committee, and robust policies in place, such as conflict of interest and whistleblower protections. These elements contribute to the foundation's transparent and responsible governance practices, ensuring stakeholder interests are prioritized and well-managed.
While the foundation shows no reported issues with material diversion of assets and provides accessible financial documents, potential donors and stakeholders should continue to monitor its activities and updates. Overall, the foundation demonstrates a high level of integrity and commitment to its goals, making it a trustworthy option for those considering support.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Of The State University Of New York At Binghamton Inc legitimate?
Foundation Of The State University Of New York At Binghamton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Of The State University Of New York At Binghamton Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $322,952
Other Salaries and Wages: $2,265,083
For more financial information, click here
Official website here: www.binghamton.edu
What is the mission statement of Foundation Of The State University Of New York At Binghamton Inc?
The Foundation of the State University of New York at Binghamton was created to accept and encourage donations for the betterment of the university. Its primary role is to grant financial assistance to the institution and its students and faculty. The foundation's mission aligns with that of Binghamton University, working to advance its welfare and development through fundraising efforts. By receiving, holding, and administering donations, the foundation serves to support the university's pursuits.
Official website here: www.binghamton.edu
What is the revenue of Foundation Of The State University Of New York At Binghamton Inc?
Foundation Of The State University Of New York At Binghamton Inc's revenue in 2024 was $82,839,756.
Official website here: www.binghamton.edu
Who are the executives of Foundation Of The State University Of New York At Binghamton Inc and what are their salaries?
There 250 volunteers at Foundation Of The State University Of New York At Binghamton Inc.
Here are 40 key members and their salaries:
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- Related: $291,914
- Other: $45,621
Official website here: www.binghamton.edu
Where can I find the form 990 for Foundation Of The State University Of New York At Binghamton Inc?
Foundation Of The State University Of New York At Binghamton Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.binghamton.edu
Learn more at the official website: www.binghamton.edu
Mission Statement of Foundation Of The State University Of New York At Binghamton Inc
The Binghamton University Foundation, a charitable corporation, was established with the mission to accept and encourage gifts for the benefit of the Foundation and Binghamton University. By raising funds, this organization plays a crucial role in enhancing the welfare and development of the university. The Foundation serves as a vital intermediary, administering and managing donated funds to support the previously stated purpose. In simpler terms, the Binghamton University Foundation exists to generate financial assistance for the university and its faculty and students by managing and distributing donations.
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Impact
October, 2024
The Foundation of the State University of New York at Binghamton Inc significantly enhances the educational landscape at Binghamton University by raising funds to support various initiatives that benefit students, faculty, and the institution as a whole. Through its efforts to accept and encourage gifts, the Foundation plays a crucial role in advancing the welfare and development of the university.
By administering financial assistance, the Foundation enables students to access scholarship opportunities, making higher education more attainable. It also supports faculty development through grants that foster research and innovation, creating an enriching academic environment.
Furthermore, the Foundation's initiatives contribute to the overall mission of Binghamton University, driving improvements in programs and infrastructure that enhance the learning experience. This catalytic role not only aids individual students and faculty but also strengthens the university's position within the educational community, thereby impacting the broader region of Binghamton and beyond.
This information is meant to be a general summary of Foundation Of The State University Of New York At Binghamton Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $15,590,789
- Program Service Revenue: $74,425
- Gross Receipts: $215,534,928
Assets and Liabilities:
- Total Assets: $496,626,686
- Total Liabilities: $13,278,694
- Net Assets: $483,347,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BU FORUM - MEMBERSHIP DUES
Revenue
$74,425
Organization Details
Founding Year
1957
Principal Officer
Sheila Doyle
Website
www.binghamton.eduNTEE Category
Code: B110 - Education
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