Overview
What is Clemson University Foundation?
The Clemson University Foundation is a nonprofit organization dedicated to supporting and advancing Clemson University's educational, research, and public service mission. Based in South Carolina, the foundation receives and manages funds through donor gifts and endowments, which are primarily used to finance scholarships, fellowships, faculty support, and academic programs. The organization's objectives include promoting the welfare and future development of Clemson University and seeking financial resources to enhance its capabilities. With a team of around three employees, the foundation's activities aim to contribute significantly to the university's growth and success.
Official website here: www.clemson.edu/giving/cufoundations
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Clemson University Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The rating is based solely on the organization's performance in the Accountability & Finance category, where it scored an impressive 94%. This high score signifies a robust governance structure, effective financial management, and transparency in operations.
One of the foundation's notable strengths is its independent board composition, with 100% of its board members being independent. This promotes unbiased decision-making and accountability. Additionally, the foundation has demonstrated a strong commitment to financial oversight, with a solid audit committee in place and no material diversions of assets reported.
Despite its strengths, it is important to note that the foundation's rating is focused exclusively on financial and governance metrics. While these are critical aspects, potential donors may also wish to consider the foundation's programmatic impact and outreach efforts, which are not captured in this financial-only assessment. Overall, the Clemson University Foundation stands out as a well-managed organization dedicated to transparency and responsible stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Clemson University Foundation legitimate?
Clemson University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clemson 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: $1,310,092
Professional Fundraising Fees: $130,882
Other Salaries and Wages: $4,542
For more financial information, click here
Official website here: www.clemson.edu/giving/cufoundations
What is the mission statement of Clemson University Foundation?
The Clemson University Foundation is established with the primary objective of supporting the educational and research purposes of Clemson University. It seeks to raise funds for the benefit of the university through various means, including endowment giving and fundraising activities. The foundation manages these funds in a prudent manner, with a policy that prioritizes the enhancement of resources for Clemson University. Program support is a significant focus of the foundation, with funding provided for scholarships, fellowships, faculty support, and academic programs. These funds come from donor-restricted giving and spendable return support from designated endowment funds.
Official website here: www.clemson.edu/giving/cufoundations
Who is the CEO of Clemson University Foundation?
M Karen Mccauley is the Director of Clemson University Foundation. The CEO's salary of Clemson University Foundation is $0 and their total compensation is $0.
Official website here: www.clemson.edu/giving/cufoundations
What is the revenue of Clemson University Foundation?
Clemson University Foundation's revenue in 2022 was $80,225,172.
Official website here: www.clemson.edu/giving/cufoundations
Who are the executives of Clemson University Foundation and what are their salaries?
The average compensation at Clemson University Foundation during 2022 was $438,211. There are 3 employees and 144 volunteers at Clemson University Foundation.
Here are 35 key members and their salaries (Clemson University Foundation's CEO's salary is $0 and their total compensation is $0):
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- Related: $211,007
- Other: $20,989
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- Other: $15,445
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- Compensation: $781,806
- Related: $352,596
- Other: $83,857
- Compensation: $127,809
- Related: $180,122
- Other: $16,370
Official website here: www.clemson.edu/giving/cufoundations
Where can I find the form 990 for Clemson University Foundation?
Clemson University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clemson.edu/giving/cufoundations
Learn more at the official website: www.clemson.edu/giving/cufoundations
Mission Statement of Clemson University Foundation
The Clemson University Foundation is a charitable organization dedicated to advancing the educational and research purposes of Clemson University. Established to promote the welfare and future development of the institution, the Foundation seeks to secure funds through various means, including endowment giving and fundraising activities. These resources are then managed prudently and allocated to support the University's mission.
The Foundation plays a crucial role in enhancing Clemson University's resources by providing funding for scholarships, fellowships, faculty support, and academic programs. These funds come from both donor-restricted gifts and spendable returns from endowment funds designated for these specific purposes. By doing so, the Clemson University Foundation contributes significantly to the University's mission of providing quality education and conducting groundbreaking research.
In summary, the Clemson University Foundation is an essential partner in the growth and development of Clemson University. Its mission is to promote the welfare and future development of the institution by securing and managing funds for its educational and research purposes. Through its support of scholarships, fellowships, faculty, and academic programs, the Foundation plays a vital role in enriching the Clemson University experience for students and faculty alike.
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Impact
October, 2024
Clemson University Foundation significantly enhances the educational and scientific endeavors of Clemson University by securing and managing funds that support a variety of initiatives. Its impact is felt across the campus through myriad programs that provide crucial financial support for scholarships, fellowships, and faculty development. This funding not only helps to attract and retain top-tier students and faculty but also strengthens academic programs and research efforts.
By promoting the welfare and future development of Clemson University, the Foundation plays a vital role in facilitating educational opportunities and advancing research that addresses pressing societal challenges. The prudent management of endowment funds ensures that these resources are available for impactful use, fostering a vibrant academic environment that benefits students, faculty, and the community at large. Through its dedicated fundraising efforts, the Foundation continually expands its ability to enrich the Clemson experience, thereby contributing to the overall growth and reputation of the institution.
This information is meant to be a general summary of Clemson 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: $34,260,013
- Program Service Revenue: $4,196,619
- Gross Receipts: $198,591,747
Assets and Liabilities:
- Total Assets: $1,218,679,731
- Total Liabilities: $349,787,471
- Net Assets: $868,892,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENDOWMENT MANAGEMENT FEES
Revenue
$2,669,324
DEVELOPMENT FEES
Revenue
$949,061
PROGRAM & ACTIVITIES REVENUE
Revenue
$305,390
AFFILIATE SERVICE FEES
Revenue
$252,500
SPONSORSHIPS
Revenue
$14,991
Organization Details
Founding Year
1933
Phone
(864) 656-1289Principal Officer
M Karen Mccauley
Main Address
PO BOX 1889, CLEMSON, SC, 296331889
NTEE Category
Code: B11 - Education
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