Overview
What is Furman University?
Furman University is a well-established higher education institution located in Greenville, South Carolina, with the address 3300 Poinsott Highway, 29613. The university, home to 2365 employees, offers both undergraduate and graduate programs. It is renowned for its personalized four-year pathway, Furman Advantage, which emphasizes high-impact, engaged learning experiences such as research, internships, and study abroad programs. Eligible students are granted scholarships based on financial need and academic merit. The university's mission is to provide a distinctive education in fine arts, humanities, social sciences, mathematics and sciences, and selected professional disciplines. Furman University is committed to a liberal arts approach, combining classroom learning with real-world experiences and self-discovery.
Official website here: www.furman.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Furman University has achieved an impressive 100% rating from Charity Navigator, reflecting exceptional accountability and financial health. The organization scored full marks in various categories, including an entirely independent board of directors and a strong program expense ratio of 87.44%, indicating that a significant portion of its expenditures directly support its mission.
The university's financial oversight is robust, with a dedicated Audit and Oversight Committee and comprehensive policies in place such as conflict of interest and whistleblower protections. These measures contribute to a transparent and ethical operational framework, reassuring stakeholders of the organization's commitment to responsible governance.
No significant limitations were noted in the data, as Furman University demonstrates a sound financial position with a low liabilities-to-assets ratio of 14.56%. Overall, the nonprofit's high score and favorable organizational structure reflect its dedication to effective management and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Furman University legitimate?
Furman University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Furman University 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: $3,578,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,997,767
For more financial information, click here
Official website here: www.furman.edu
What is the mission statement of Furman University?
Furman University is a higher education institution committed to providing distinctive undergraduate education with an engaged approach that combines classroom learning with real-world experiences and self-discovery. As a liberal arts institution, its primary mission is to offer education in fine arts, humanities, social sciences, mathematics, and the sciences, as well as selected professional disciplines. The university supports students in both undergraduate and graduate programs through a personalized four-year pathway, which includes high-impact, engaged learning opportunities like research, internships, and study abroad programs. Scholarships are awarded to eligible students based on financial need and academic merit.
Official website here: www.furman.edu
What is the revenue of Furman University?
Furman University's revenue in 2023 was $223,194,398.
Official website here: www.furman.edu
Who are the executives of Furman University and what are their salaries?
The average compensation at Furman University during 2023 was $27,289. There are 2403 employees and 31 volunteers at Furman University.
Here are 51 key members and their salaries:
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Official website here: www.furman.edu
Where can I find the form 990 for Furman University?
Furman University's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.furman.edu
Learn more at the official website: www.furman.edu
Mission Statement of Furman University
Furman University, an esteemed institution of higher education, is renowned for its distinctive undergraduate education that merges classroom learning with real-world experiences and self-discovery. Its primary mission, as a liberal arts institution, is to offer a unique education in fine arts, humanities, social sciences, mathematics, and the sciences, as well as selected professional disciplines.
The learning journey at Furman is designed to be personalized and transformative. Students are encouraged to explore their interests and develop a strong foundation in their chosen fields through high-impact, engaged learning opportunities. This encompasses experiential learning through research, internships, and study abroad programs. Furman's commitment to nurturing well-rounded individuals extends beyond academic achievement. Scholarships are awarded to eligible students based on both financial need and academic merit, ensuring access to quality education for a diverse student body.
Furman University's instructors are dedicated to fostering intellectual curiosity and critical thinking skills. This approach empowers students to delve deeper into their subjects, fostering an environment where ideas are exchanged, debated, and refined. With a commitment to providing a distinctive education, Furman University prepares its students to be confident, informed, and engaged citizens, well-equipped to tackle the challenges of their future careers and personal growth.
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Impact
October, 2024
Furman University plays a significant role in shaping higher education by offering a distinctive undergraduate experience that integrates classroom learning with real-world application and self-discovery. Located in Greenville, SC, the institution is dedicated to teaching both undergraduate and graduate students through a liberal arts education that spans fine arts, humanities, social sciences, mathematics, and selected professional disciplines.
At the core of Furman's impact is the Furman Advantage, a personalized four-year pathway for students that emphasizes engaged learning. This includes opportunities for research, internships, and study abroad programs, all designed to enhance educational outcomes and prepare students for their future careers. Scholarships targeted towards qualified students based on financial need and academic merit further expand access to this valuable educational experience.
By fostering a holistic approach to education, Furman University not only contributes to individual student development but also impacts the broader community and society by equipping graduates with critical thinking skills, cultural awareness, and practical experience.
This information is meant to be a general summary of Furman University. 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: $16,491,033
- Program Service Revenue: $172,953,629
- Gross Receipts: $423,818,353
Assets and Liabilities:
- Total Assets: $1,328,407,958
- Total Liabilities: $188,431,815
- Net Assets: $1,139,976,143
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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
$131,702,867
ROOM AND BOARD
Revenue
$30,520,272
INTERCOLLEGIATE ATHLETICS
Revenue
$4,275,707
OTHER AUXILIARY
Revenue
$3,719,319
Organization Details
Founding Year
1826
Principal Officer
Susan Maddux
Website
www.furman.eduNTEE Category
Code: B420 - Education
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