Overview
What is L S U Foundation?
LSU Foundation is a nonprofit organization located in Baton Rouge, Louisiana, with an address at 3796 Nicholson Drive, ZIP code 70802. Its primary mission is to support and advance the academic priorities of Louisiana State University (LSU) through philanthropic partnerships. The foundation operates with 187 employees and focuses on operational expenses to supplement state funding for LSU's colleges and the agricultural center. The LSU Foundation's activities revolve around academic and research initiatives, which aim to enhance LSU's mission by providing crucial operational support.
Official website here: www.lsufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The L S U Foundation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a perfect score in Accountability & Finance. This rating indicates a strong commitment to transparency and ethical standards, as all evaluation criteria have been met. Notably, the foundation has a fully independent board and maintains robust oversight measures, ensuring that governance practices are thoroughly adhered to.
Strengths of the organization include its high program expense ratio of nearly 76%, signifying that a significant portion of funds is directed towards its programs rather than administrative costs. The foundation also showcases exceptional fundraising efficiency, with a low cost per dollar raised, demonstrating effective resource allocation. Additionally, various policies regarding conflict of interest, whistleblowing, and document retention are in place, contributing to a trustworthy operational framework.
While the foundation performs excellently in terms of financial accountability, no specific limitations were noted in the gathered data. This suggests that the L S U Foundation operates in a highly efficient and responsible manner, making it a commendable choice for potential donors looking for transparency and accountability in nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is L S U Foundation legitimate?
L S U Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. L S U 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: $1,303,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,065,864
For more financial information, click here
Official website here: www.lsufoundation.org
What is the mission statement of L S U Foundation?
The LSU Foundation fosters philanthropic collaborations to strengthen and advance the academic priorities of Louisiana State University (LSU). Through investment in these partnerships, the foundation plays a crucial role in supplementing state funding and aiding the academic colleges and the agricultural center of the university in achieving their mission. By cultivating philanthropic support, the LSU Foundation contributes significantly to the academic and research activities at LSU.
Official website here: www.lsufoundation.org
Who is the CEO of L S U Foundation?
Robert M Stuart Jr is the President & Ceo of L S U Foundation. The CEO's salary of L S U Foundation is $361,218 and their total compensation is $379,387.
Official website here: www.lsufoundation.org
What is the revenue of L S U Foundation?
L S U Foundation's revenue in 2022 was $173,876,806.
Official website here: www.lsufoundation.org
Who are the executives of L S U Foundation and what are their salaries?
The average compensation at L S U Foundation during 2022 was $39,407. There are 187 employees at L S U Foundation.
Here are 41 key members and their salaries (L S U Foundation's CEO's salary is $361,218 and their total compensation is $379,387):
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- Compensation: $361,218
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Official website here: www.lsufoundation.org
Where can I find the form 990 for L S U Foundation?
L S U Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsufoundation.org
Learn more at the official website: www.lsufoundation.org
Mission Statement of L S U Foundation
The LSU Foundation plays a pivotal role in fostering and investing in charitable collaborations to bolster and advance Louisiana State University's (LSU) academic objectives. The organization's mission involves cultivating and managing philanthropic partnerships to enhance LSU's academic priorities.
More specifically, the LSU Foundation supports LSU's colleges and the Agricultural Center by providing operational funding. This financial assistance allows the university to supplement state financing and effectively carry out its mission. By doing so, the LSU Foundation contributes significantly to LSU's academic and research activities.
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Impact
October, 2024
The L S U Foundation significantly impacts the academic landscape by cultivating and investing in philanthropic partnerships that directly support and advance Louisiana State University’s academic priorities. By supplementing state funding, the Foundation provides essential operational support for various academic and research activities. This assistance aids LSU's diverse academic colleges as well as the Agricultural Center, enabling them to fulfill the university's mission effectively. Through its efforts, the Foundation fosters an environment where education and research can thrive, ultimately benefiting students, faculty, and the broader community in Baton Rouge and beyond.
This information is meant to be a general summary of L S U 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: $52,983,397
- Gross Receipts: $266,455,014
Assets and Liabilities:
- Total Assets: $825,892,605
- Total Liabilities: $143,927,882
- Net Assets: $681,964,723
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Organization Details
Founding Year
1960
Phone
(225) 578-3811Principal Officer
Robert M Stuart Jr
Main Address
3796 NICHOLSON DRIVE, BATON ROUGE, LA, 70802
Website
www.lsufoundation.orgNTEE Category
Code: B110 - Education
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