Overview
What is Saginaw Valley State University Foundation?
The Saginaw Valley State University Foundation is a Michigan-based nonprofit organization located at 7400 Bay Road, University Center, with a mission to foster a community of dedicated donors. They support Saginaw Valley State University by transferring funds towards various initiatives, including scholarships, awards, programs, building projects, and endowed chairs. Specifically, they have contributed over $8 million for scholarships, $45,000 for awards, $1.9 million for programs, $2.3 million for building projects, and $520,000 for endowed chairs. The primary objective of the foundation is to generate enthusiasm and loyalty among donors, ultimately contributing to the growth and development of an exceptional university for outstanding students.
Official website here: www.svsu.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star Rating
The Saginaw Valley State University Foundation has achieved a remarkable score of 97%, reflecting strong performance in accountability and finance. The foundation boasts an impressive 100% in this area, demonstrating effective governance and transparent financial practices, including a majority of independent board members and robust oversight mechanisms.
Strengths of the foundation include a very high program expense ratio of 84.68%, which indicates that a significant portion of its funds is dedicated to programs rather than administrative costs. Additionally, the organization displays outstanding fundraising efficiency, requiring only $0.05 to raise each dollar, and has a substantial working capital ratio of 9.14 years, suggesting excellent financial stability and capacity to fund its initiatives over the long term.
While the foundation's performance is commendable, potential supporters may appreciate ongoing transparency about specific programs and initiatives funded by their contributions. Overall, the Saginaw Valley State University Foundation exemplifies strong financial health and ethical governance, making it a trustworthy option for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Saginaw Valley State University Foundation legitimate?
Saginaw Valley State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saginaw Valley State University Foundation 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.svsu.edu/foundation
What is the mission statement of Saginaw Valley State University Foundation?
The Saginaw Valley State University Foundation aims to foster a dedicated community of philanthropic donors, who generously contribute to the growth and development of a distinguished university known for producing exceptional students. Through fundraising efforts, the foundation supports various initiatives including scholarships, awards, programs, building projects, and endowed chairs. The total amount raised to date includes over 2.7 million dollars for scholarships, 45,000 awards, 1.9 million dollars for programs, 2.3 million dollars for building projects, and 520,000 dollars for endowed chairs.
Official website here: www.svsu.edu/foundation
Who is the CEO of Saginaw Valley State University Foundation?
Susan L Crane is the First Vice C of Saginaw Valley State University Foundation.
Official website here: www.svsu.edu/foundation
What is the revenue of Saginaw Valley State University Foundation?
Saginaw Valley State University Foundation's revenue in 2022 was $18,163,116.
Official website here: www.svsu.edu/foundation
Who are the executives of Saginaw Valley State University Foundation and what are their salaries?
There 87 volunteers at Saginaw Valley State University Foundation.
Here are 34 key members and their salaries:
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- Other: $45,879
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Official website here: www.svsu.edu/foundation
Where can I find the form 990 for Saginaw Valley State University Foundation?
Saginaw Valley State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svsu.edu/foundation
Learn more at the official website: www.svsu.edu/foundation
Mission Statement of Saginaw Valley State University Foundation
The Saginaw Valley State University Foundation is a dedicated community that strives to engage and inspire enthusiastic and loyal donors. Their ultimate goal is to contribute significantly to the growth and development of Saginaw Valley State University, fostering an environment that nurtures exceptional students.
Throughout its mission, the Foundation has directed its efforts towards funding various aspects of the University. These areas include scholarships, awards, programs, building projects, and endowed chairs. The scholarships and awards provided by the Foundation have reached a total of 2,690,444 dollars, offering valuable financial assistance to students in need. Programs have received 1,940,488 dollars in funding, enhancing the educational experience for students and furthering the University's reputation.
Building projects, which have received 2,321,379 dollars, have contributed to the physical infrastructure of the University, providing state-of-the-art facilities and accommodations essential for academic success. Endowed chairs, with a total investment of 519,904 dollars, attract and retain distinguished faculty members, ensuring the delivery of high-quality education and research.
In summary, the Saginaw Valley State University Foundation acts as a catalyst for growth and development within the University community. By generating and cultivating a dedicated pool of donors, the Foundation has been instrumental in funding various initiatives that have contributed to the University's advancement and the success of its students.
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Impact
October, 2024
The Saginaw Valley State University Foundation significantly enhances the educational landscape by generating and cultivating a dedicated community of donors who support the university's growth and development. Through generous contributions, the Foundation plays a crucial role in funding scholarships, awards, programs, building projects, and endowed chairs, totaling millions of dollars.
Specifically, it has allocated approximately $2.69 million for scholarships, helping alleviate the financial burden on students and making higher education more accessible. Additionally, it has funded various awards totaling around $45,073, recognizing excellence and achievement within the university community. Investment in programs has reached nearly $1.94 million, fostering innovative academic and extracurricular initiatives that enhance the student experience.
The Foundation’s commitment also extends to infrastructure, with about $2.32 million directed towards building projects that create modern learning environments. Finally, it has established endowed chairs totaling approximately $519,904, which support faculty excellence and research initiatives, further elevating the university's academic standing.
In summary, the Saginaw Valley State University Foundation’s impact is profound, providing vital financial resources that nurture student success, academic quality, and campus development, ultimately strengthening the institution as a premier university committed to fostering outstanding students.
This information is meant to be a general summary of Saginaw Valley State University Foundation. 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 2022.
- Investment Income: $11,824,417
- Gross Receipts: $45,310,039
Assets and Liabilities:
- Total Assets: $97,264,931
- Total Liabilities: $1,942,415
- Net Assets: $95,322,516
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Organization Details
Founding Year
1963
Phone
(989) 964-7132Principal Officer
Susan L Crane
Main Address
7400 BAY ROAD, UNIVERSITY CENTER, MI, 487100001
Website
www.svsu.edu/foundationNTEE Category
Code: B110 - Education
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