Overview
What is Lafayette College?
Lafayette College is a renowned liberal arts institution based in Easton, Pennsylvania, with a student population of approximately 2,725 in Fall 2021. Students hail from 43 states and 52 countries, and the student-to-faculty ratio stands at around 10 to 1. The institution is home to 243 full-time faculty members, 239 of whom hold doctorate or terminal degrees. Around 56% of students receive financial assistance. In 2021, 694 students received undergraduate degrees. Lafayette College boasts a strong graduation rate, with 85% of students earning their degrees within four years and 89% within six. An impressive 91% of graduates were employed, in graduate school, or had internships within six months of graduation. The college is accredited and dedicated to fostering intellectual and personal growth through the development of critical thinking, communication, and quantitative reasoning skills. It encourages students to examine cultural traditions and values, fostering a lifelong commitment to education.
Official website here: www.lafayette.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Lafayette College has received a Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The college's overall score is based entirely on its strong accountability metrics, demonstrating a high commitment to responsible financial management and transparency. The rating underscores the organization’s effectiveness in maintaining a solid financial structure, with a low liabilities-to-assets ratio of 22.80%.
Strengths of Lafayette College include a governance structure with a majority of independent board members, which fosters better oversight and decision-making. The organization scored perfectly across various accountability measures, including the presence of conflict of interest and whistleblower policies, as well as maintaining thorough financial statements and board meeting documentation. Additionally, a notable program expense ratio of 84.05% indicates that a significant portion of its resources is dedicated to its programs.
While the organization shows a strong commitment to accountability, the summary does not highlight any specific limitations or areas for improvement. Overall, Lafayette College exemplifies effective financial stewardship and governance, making it a strong candidate for donor support.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette College legitimate?
Lafayette College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette College 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: $6,639,370
Professional Fundraising Fees: $244,542
Other Salaries and Wages: $73,627,442
For more financial information, click here
Official website here: www.lafayette.edu
What is the mission statement of Lafayette College?
Lafayette College is dedicated to providing educational services as a four-year undergraduate institution. In an environment that encourages the free exchange of ideas, the college aims to foster intellectual, social, and personal growth for its students. Lafayette College seeks to develop students' critical thinking, verbal communication, and quantitative reasoning skills, as well as their capacity for creative endeavor. Students are encouraged to examine their own cultural traditions and those of others, and to establish values that include a sense of personal, social, and professional responsibility. The college views education as a lifelong process.
Official website here: www.lafayette.edu
What is the revenue of Lafayette College?
Lafayette College's revenue in 2023 was $258,966,915.
Official website here: www.lafayette.edu
Who are the executives of Lafayette College and what are their salaries?
The average compensation at Lafayette College during 2023 was $32,910. There are 2439 employees and 4588 volunteers at Lafayette College.
Here are 51 key members and their salaries:
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- Other: $31,313
- Compensation: $177,488
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- Compensation: $212,837
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- Other: $19,266
Official website here: www.lafayette.edu
Where can I find the form 990 for Lafayette College?
Lafayette College's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lafayette.edu
Learn more at the official website: www.lafayette.edu
Mission Statement of Lafayette College
Lafayette College, a renowned accredited four-year undergraduate institution, is dedicated to fostering an environment that encourages the free exchange of ideas. The college aims to cultivate inquisitive minds and integrate intellectual, social, and personal growth. Through its mission, Lafayette College strives to develop students' critical thinking skills, verbal communication abilities, and quantitative reasoning capacity, as well as their creative potential. The institution encourages students to examine the traditions of their own culture and those of others, fostering a sense of understanding and appreciation.
Moreover, Lafayette College emphasizes the importance of personal, social, and professional responsibility. It views education as a lifelong process and encourages students to adopt systems of values that reflect this perspective. The college is committed to nurturing students' intellectual curiosity and helping them develop the skills needed to navigate the complexities of the world around them. In doing so, Lafayette College plays a pivotal role in preparing students for a fulfilling and meaningful life.
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Impact
October, 2024
Lafayette College significantly impacts its students and the broader community by providing a comprehensive liberal arts education that fosters intellectual, social, and personal growth. With an emphasis on critical thinking, verbal communication, and quantitative reasoning, the college nurtures inquiring minds and encourages students to explore diverse cultural traditions and develop a strong value system rooted in personal and social responsibility.
The college's commitment to educational excellence is reflected in its impressive faculty qualifications, with 98% holding a doctorate or other terminal degree, which ensures that students receive high-quality instruction and mentorship. A favorable student-to-faculty ratio of approximately 10 to 1 allows for meaningful interaction and personalized guidance, catering to the diverse needs of its 2,725 full-time students hailing from 43 states and 52 countries.
Lafayette's focus on providing financial assistance is crucial, as approximately 56% of its students benefit from such support, making a quality education accessible to a wider range of individuals. This inclusivity contributes to the college's high graduation rates—85% within four years and 89% within six years—along with a remarkable 91% of graduates securing employment, graduate school placements, or internships shortly after graduation.
Situated in Easton, Pennsylvania, Lafayette College serves as an academic and cultural hub, enriching the local community with its vibrant student body and active engagement in various initiatives. Through its mission, Lafayette not only cultivates well-rounded, responsible citizens but also contributes to the long-term socioeconomic vitality of the region.
This information is meant to be a general summary of Lafayette College. 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 2023.
- Investment Income: $10,075,445
- Program Service Revenue: $199,283,679
- Gross Receipts: $554,671,936
Assets and Liabilities:
- Total Assets: $1,574,043,978
- Total Liabilities: $372,866,888
- Net Assets: $1,201,177,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$159,513,890
AUXILIARY SERVICES
Revenue
$37,880,964
ATHLETIC/SPORT NETWORK
Revenue
$1,888,825
Organization Details
Founding Year
1826
Principal Officer
Nicole Farmer Hurd
Website
www.lafayette.eduNTEE Category
Code: B420 - Education
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