Overview
What is Troy University Foundation?
The Troy University Foundation is a nonprofit organization situated at Adams Administration Bldg 241, Troy State University, Alabama, with a ZIP code 36082. Their primary mission is to support Troy University by building its endowment and ensuring reliable resources for the future. They accomplish this through a coordinated donor program and sound investment policy. This assistance extends to various aspects of the university, including academics, the library, faculty, staff, students, and alumni, benefiting approximately 15,000 students and 100,000 alumni.
Official website here: www.troy.edu/development/foundation
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%, Three-Star out of Four Star rating
The Troy University Foundation has achieved an 89% score, reflecting a strong commitment to accountability and finance. This high rating is primarily based on its impressive performance in key areas, such as having a fully independent board, robust audit practices, and no material diversion of assets. These factors contribute positively to the organization's transparency and governance.
The foundation excels in its financial management, evidenced by a high program expense ratio of approximately 79.63%, which indicates that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, it maintains excellent fundraising efficiency, with a low cost of fundraising relative to the funds raised, further showcasing its effectiveness in resource allocation.
However, while the overall scores are strong, the liabilities to assets ratio of 54.29% suggests some level of financial risk, which could be an area for the organization to monitor closely. Overall, the Troy University Foundation demonstrates a solid foundation in financial accountability and governance, with areas for potential improvement in financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is Troy University Foundation legitimate?
Troy University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troy 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.troy.edu/development/foundation
What is the mission statement of Troy University Foundation?
The Troy University Foundation works to aid Troy University in strengthening its endowment via a well-structured donor program and sound investment strategy. By doing so, they ensure a steady flow of resources for the future. This support is extended to various aspects of the university, including academics, the library, faculty, staff, alumni, and student programs, benefiting approximately 15,000 students and 100,000 alumni.
Official website here: www.troy.edu/development/foundation
Who is the CEO of Troy University Foundation?
Dr James Bookout is the Emeritus of Troy University Foundation.
Official website here: www.troy.edu/development/foundation
What is the revenue of Troy University Foundation?
Troy University Foundation's revenue in 2022 was $14,891,109.
Official website here: www.troy.edu/development/foundation
Who are the executives of Troy University Foundation and what are their salaries?
Here are 22 key members and their salaries:
- 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
Official website here: www.troy.edu/development/foundation
Where can I find the form 990 for Troy University Foundation?
Troy University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.troy.edu/development/foundation
Learn more at the official website: www.troy.edu/development/foundation
Mission Statement of Troy University Foundation
The Troy University Foundation plays a crucial role in supporting Troy University by building its endowment through a well-coordinated donor program and implementing a sound investment policy. This mission ensures that the university has reliable resources for the future, enabling it to continue its academic endeavors and provide for its students, faculty, staff, and alumni. With approximately 15,000 students and 100,000 alumni, Troy University relies on the foundation's assistance to maintain and expand its programs.
The Troy University Foundation is dedicated to helping Troy University thrive by providing essential resources for its students, faculty, staff, and alumni. By carefully managing its donor program and investment policy, the foundation ensures that Troy University has the financial stability it needs to excel in its educational pursuits. The support provided by the foundation touches all aspects of university life, from academics and the library to faculty, staff, and student programs. Through its unwavering commitment to Troy University, the foundation is instrumental in fostering a vibrant and thriving academic community.
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 Troy University Foundation plays a crucial role in enhancing the educational experience and opportunities for students, faculty, staff, and alumni at Troy University. By supporting academic programs, library resources, and various initiatives, the foundation positively impacts approximately 15,000 students and 100,000 alumni.
Its mission focuses on building the university's endowment through a coordinated donor program and sound investment strategies, ensuring that reliable resources are available for the institution's future. This financial support fosters academic excellence, promotes faculty development, and enriches student programs, ultimately contributing to a vibrant and sustainable educational community. The foundation’s efforts not only strengthen the university's capabilities but also enhance the overall educational landscape in Alabama and beyond.
This information is meant to be a general summary of Troy 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: $3,163,671
- Gross Receipts: $16,941,775
Assets and Liabilities:
- Total Assets: $216,795,680
- Total Liabilities: $111,472,772
- Net Assets: $105,322,908
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1968
Phone
(334) 670-3000Principal Officer
Dr James Bookout
Main Address
ADAMS ADMINISTRATION BLDG 241, TROY STATE UNIVERSITY, AL, 36082
NTEE Category
Code: B43I - Education
If you are a representative of Troy University 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.