Overview
What is George Mason University Foundation Inc?
The George Mason University Foundation Inc, founded in 1966, is a nonprofit organization headquartered at 4400 University Drive, MSN 1A3, Fairfax, Virginia, 22030. Its primary role involves managing and dispensing designated funds to support George Mason University's academic and other departments, including scholarships, fellowships, awards, and general operating expenses. Established to advance and further the objectives of George Mason University, the Foundation also receives, manages, invests, and administers private gifts, including endowments and real property, for the university's benefit.
Official website here: www.gmuf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99%
George Mason University Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 99%. This high rating signifies that the organization maintains a high level of transparency and is effectively managing its resources, which is crucial for donor trust and confidence.
The foundation demonstrates a commitment to responsible governance, with 95% of its board members being independent and a comprehensive audit and oversight committee in place. The absence of any material diversion of assets and the thoroughness of its financial documentation further underscore its sound financial practices. The organization also excels in program expense ratios, indicating that a significant portion of its resources is directed towards its programs, which is a positive sign for potential donors.
However, it is worth noting that the foundation lacks a publicly available donor privacy policy, which could be seen as a limitation in its transparency efforts. Despite this, the overall financial health and operational integrity of the foundation position it as a reliable and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is George Mason University Foundation Inc legitimate?
George Mason University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. George Mason University Foundation 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: $372,130
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,005,052
For more financial information, click here
Official website here: www.gmuf.org
What is the mission statement of George Mason University Foundation Inc?
The George Mason University Foundation Inc was established in 1966 to manage and administer private gifts for the benefit of George Mason University. Its primary role is to oversee the disbursement of designated funds towards scholarships, fellowships, awards, and general operating expenses of the university's academic and other departments. The foundation advances and further enhances the goals and objectives of George Mason University by receiving, investing, and administering donations, including endowments and real property.
Official website here: www.gmuf.org
Who is the CEO of George Mason University Foundation Inc?
Trishana E Bowden is the President of George Mason University Foundation Inc.
Official website here: www.gmuf.org
What is the revenue of George Mason University Foundation Inc?
George Mason University Foundation Inc's revenue in 2022 was $138,463,091.
Official website here: www.gmuf.org
Who are the executives of George Mason University Foundation Inc and what are their salaries?
There 50 volunteers at George Mason University Foundation Inc.
Here are 52 key members and their salaries:
- Compensation: $178,218
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- Other: $26,556
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- Compensation: $130,135
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- Other: $46,338
- Compensation: $140,024
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Official website here: www.gmuf.org
Where can I find the form 990 for George Mason University Foundation Inc?
George Mason University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmuf.org
Learn more at the official website: www.gmuf.org
Mission Statement of George Mason University Foundation Inc
The George Mason University Foundation, Inc. is a charitable organization established in 1966 with the primary objective of supporting and advancing the goals and purposes of George Mason University. The Foundation serves as a vital partner to the university, managing, investing, and administering private gifts for its benefit. These gifts include endowments and real property.
The Foundation plays a significant role in the university community by disbursing designated funds to various academic and other departments. Its major program activity encompasses the provision of scholarships, fellowships, awards, and support for general operating expenses. The Foundation's mission is crucial in enhancing the academic and research capabilities of George Mason University and ensuring the success of its students.
By receiving and managing private donations, the George Mason University Foundation, Inc. contributes to the growth and development of the university, ultimately benefiting the students and the academic community. The Foundation's work enables the university to provide exceptional educational opportunities and to carry out groundbreaking research in various fields. Through its support, George Mason University continues to elevate its standing as a leading institution of higher learning.
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Impact
October, 2024
George Mason University Foundation Inc significantly enhances the educational landscape by supporting the university through financial contributions. Established in 1966, the foundation manages and invests private gifts, ensuring that resources are directed towards critical areas such as scholarships, fellowships, and operational expenses across various academic departments. This strategic disbursement of designated funds enriches the academic experience for students, making higher education more accessible and fostering academic excellence. By facilitating endowments and managing real property donations, the foundation plays a pivotal role in advancing the mission and goals of George Mason University, ultimately benefiting the broader community in Fairfax, Virginia. Through its efforts, the foundation not only strengthens the university's academic programs but also contributes to the growth and development of future leaders and innovators.
This information is meant to be a general summary of George Mason University Foundation 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 2022.
- Investment Income: $36,721,548
- Program Service Revenue: $9,659,224
- Gross Receipts: $472,742,417
Assets and Liabilities:
- Total Assets: $466,812,553
- Total Liabilities: $159,899,914
- Net Assets: $306,912,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIRECT-FINANCING LEASE INTEREST
Revenue
$4,865,008
RENT FROM GMU
Revenue
$4,770,216
RENT FROM GMU INSTRUCTIONAL FND.
Revenue
$24,000
Organization Details
Founding Year
1991
Phone
(703) 993-8850Principal Officer
Trishana E Bowden
Main Address
4400 UNIVERSITY DRIVE MSN 1A3, FAIRFAX, VA, 22030
Website
www.gmuf.orgNTEE Category
Code: B11 - Education
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