Overview
What is The Citadel Foundation?
The Citadel Foundation is a Charleston, South Carolina-based nonprofit organization dedicated to raising funds for The Citadel. Unrestricted donations to this foundation significantly contribute to the college's academic excellence and financial stability. These gifts enable the institution to improve classroom experiences, expand research opportunities, provide scholarships, retain talented faculty, and enhance character development. Annual gifts also boost donor participation rates, which are vital factors in college rankings and potential funding decisions by corporate and foundation grant makers. By offsetting tuition increases and supplementing state support, unrestricted gifts help The Citadel maintain its tradition of offering an exceptional education and fostering lasting bonds among cadets and graduate students.
Official website here: www.citadel.edu/tcf
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Citadel Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is driven entirely by the organization's excellent management of its financial resources, with a perfect score in key areas such as independent board membership and financial oversight, ensuring transparency and integrity in its operations.
The foundation demonstrates a commitment to best practices, with a comprehensive set of policies addressing conflicts of interest, whistleblower protections, and document retention. The foundation's program expense ratio of 72.78% indicates a significant focus on its mission-related activities, which is a positive sign for donors concerned about how their contributions are being utilized.
However, while the fundraising efficiency ratio of $0.24 is relatively low, it still reflects effective fundraising without excessive costs. Overall, The Citadel Foundation's strong financial health and adherence to accountability standards suggest it is well-equipped to carry out its mission and maintain donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Citadel Foundation legitimate?
The Citadel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Citadel 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: $752,187
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,484,466
For more financial information, click here
Official website here: www.citadel.edu/tcf
What is the mission statement of The Citadel Foundation?
The Citadel Foundation is a non-profit organization dedicated to raising funds for The Citadel. It supports the college by granting and investing money for its benefit, with a focus on unrestricted support, increasing scholarship funds, and sustaining enrichment programs for students. Unrestricted gifts are essential for the college's academic excellence and fiscal stability, providing flexibility to address critical objectives, such as enhancing the classroom experience, supporting research initiatives, and offering scholarships. Annual gifts also boost donor participation rates, which influence college rankings and attract additional revenue sources like corporate and foundation grants. Unrestricted gifts enable The Citadel to provide cadets and graduate students with an exceptional education and character development opportunities, keeping pace with technological advances.
Official website here: www.citadel.edu/tcf
Who is the CEO of The Citadel Foundation?
Shannon Mease is the Board Member of The Citadel Foundation. The CEO's salary of The Citadel Foundation is $453,846 and their total compensation is $528,517.
Official website here: www.citadel.edu/tcf
What is the revenue of The Citadel Foundation?
The Citadel Foundation's revenue in 2022 was $31,638,526.
Official website here: www.citadel.edu/tcf
Who are the executives of The Citadel Foundation and what are their salaries?
The average compensation at The Citadel Foundation during 2022 was $114,504. There are 37 employees and 360 volunteers at The Citadel Foundation.
Here are 46 key members and their salaries (The Citadel Foundation's CEO's salary is $453,846 and their total compensation is $528,517):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $453,846
- Related: $0
- Other: $74,671
- Compensation: $298,341
- Related: $0
- Other: $67,046
- Compensation: $242,644
- Related: $0
- Other: $60,299
- Compensation: $215,513
- Related: $0
- Other: $34,005
- Compensation: $147,480
- Related: $0
- Other: $60,448
- Compensation: $149,533
- Related: $0
- Other: $60,905
- Compensation: $151,909
- Related: $0
- Other: $48,658
Official website here: www.citadel.edu/tcf
Where can I find the form 990 for The Citadel Foundation?
The Citadel Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.citadel.edu/tcf
Learn more at the official website: www.citadel.edu/tcf
Mission Statement of The Citadel Foundation
The Citadel Foundation, a renowned nonprofit organization, is dedicated to raising funds for The Citadel. With contributions from alumni, friends, corporations, foundations, and other organizations, the Foundation provides crucial resources to the college. These funds enable The Citadel to award scholarships, recruit and retain outstanding students and professors, offer state-of-the-art technology and facilities, and enrich campus life through athletic and cultural activities.
The primary role of The Citadel Foundation is to support The Citadel's mission by collecting, managing, and allocating financial resources. This includes raising, receiving, stewarding, granting, investing, and reinvesting money and property. The Foundation utilizes these receipts to benefit The Citadel in various ways.
Academically, unrestricted gifts to The Citadel are essential for maintaining the college's academic excellence and financial stability. These gifts have an immediate and long-lasting impact on campus priorities and the most urgent needs. They enable The Citadel to enhance the classroom experience, support research initiatives, provide scholarships and financial aid resources, engage and retain talented faculty and staff, expand leadership and character development opportunities, and keep pace with technology advances.
Annual gifts also increase donor participation rates, which are factors influencing college rankings and funding decisions by potential corporate and foundation grant makers. Additional revenue sources are necessary to offset tuition increases and supplement state support. Unrestricted gifts to The Citadel contribute to the college's tradition of delivering an exceptional education in a disciplined environment, fostering deep bonds and lasting friendships, and instilling the confidence and ability to tackle challenges.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Citadel Foundation significantly impacts The Citadel by providing essential resources that enhance the academic environment and enrich student life. Its fundraising efforts are directed toward three main areas: unrestricted support for the college, increasing scholarship funds, and sustaining enrichment programs for cadets and graduate students.
Unrestricted gifts play a crucial role in maintaining the college's academic excellence and fiscal stability. These contributions allow The Citadel to enhance classroom experiences, improve library resources, and support cadet research and travel initiatives. By funding scholarships and financial aid, the Foundation enables the recruitment and retention of talented students, while also attracting and keeping distinguished faculty and staff.
Additionally, these funds provide opportunities for leadership and character development, ensuring that cadets receive a well-rounded education while keeping pace with advances in technology. The impact of these initiatives is reflected not only in the educational outcomes of students but also in the overall reputation of The Citadel. Increased donor participation enhances national college rankings and attracts further funding from corporations and foundations.
By fostering deep bonds and lasting friendships in a disciplined environment, The Citadel Foundation empowers students with the confidence and skills needed to excel in their personal and professional lives, reinforcing the college's tradition of excellence.
This information is meant to be a general summary of The Citadel 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: $6,088,409
- Gross Receipts: $33,725,485
Assets and Liabilities:
- Total Assets: $306,832,269
- Total Liabilities: $21,225,258
- Net Assets: $285,607,011
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1961
Phone
(843) 953-6914Principal Officer
Shannon Mease
Main Address
171 MOULTRIE STREET, CHARLESTON, SC, 29409
Website
www.citadel.edu/tcfNTEE Category
Code: B110 - Education
If you are a representative of The Citadel Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.