Overview
What is Eastern Washington University Foundation?
The Eastern Washington University Foundation, established in 1977, is a nonprofit organization situated in Cheney, Washington. Its primary mission is to secure and manage resources for Eastern Washington University, aiding students by providing financial assistance through scholarships. In 2022, the foundation granted 735 scholarships, enabling students to concentrate on their studies, progress more swiftly towards their degrees, and graduate with minimal or significantly reduced debt. The foundation is governed by a board of directors and is staffed by a professional team of university employees, ensuring that all donations are handled efficiently and in accordance with donors' wishes.
Official website here: www.ewu.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 100%
The Eastern Washington University Foundation has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. With a perfect score of 100%, the foundation demonstrates strong governance practices, including a fully independent board and rigorous financial oversight, ensuring trust and transparency in its operations.
Key strengths of the organization include its impressive program expense ratio of 79.22%, indicating a significant portion of funds is directed towards programs rather than administrative costs. Additionally, the foundation boasts an outstanding fundraising efficiency ratio, requiring only $0.05 to raise a dollar, showcasing its effectiveness in resource mobilization.
Overall, the Eastern Washington University Foundation exemplifies a commitment to financial health and ethical governance. The absence of material asset diversion and the implementation of comprehensive policies further enhance its credibility, making it a reliable choice for donors seeking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Washington University Foundation legitimate?
Eastern Washington University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Washington 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: $85,215
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ewu.edu/foundation
What is the mission statement of Eastern Washington University Foundation?
The Eastern Washington University Foundation, established in 1977, is a non-profit organization with a mission to raise and manage resources in support of Eastern Washington University. The foundation serves as a catalyst and conduit, receiving private donations from individuals, corporations, foundations, and associations, and ensuring their proper allocation to the university and its programs. Overseen by a board of directors and a professional development team, the foundation administers all gifts in a business-like manner, adhering to the donor's wishes. When gifts are received by the university's colleges or operating units, they are forwarded to the foundation for official acceptance and acknowledgment. In this capacity, the Eastern Washington University Foundation provides immediate and long-term support for the university, contributing to its growth and development.
Official website here: www.ewu.edu/foundation
Who is the CEO of Eastern Washington University Foundation?
Barb Richey is the Executive Director of Eastern Washington University Foundation.
Official website here: www.ewu.edu/foundation
What is the revenue of Eastern Washington University Foundation?
Eastern Washington University Foundation's revenue in 2022 was $6,519,839.
Official website here: www.ewu.edu/foundation
Who are the executives of Eastern Washington University Foundation and what are their salaries?
There 75 volunteers at Eastern Washington University Foundation.
Here are 30 key members and their salaries:
- Compensation: $197,330
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- Other: $8,013
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Official website here: www.ewu.edu/foundation
Where can I find the form 990 for Eastern Washington University Foundation?
Eastern Washington University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ewu.edu/foundation
Learn more at the official website: www.ewu.edu/foundation
Mission Statement of Eastern Washington University Foundation
The Eastern Washington University Foundation, established in 1977, was established under Washington law with a mission to raise and manage resources in support of Eastern Washington University. This non-profit organization serves as a catalyst and conduit, identifying, promoting, receiving, and managing all private gifts from individuals, corporations, foundations, and associations destined for the university. These gifts and endowment income are channeled to provide immediate and long-term support for the university and its programs. Overseen by a board of directors and staffed by a professional development team who are university employees, the Foundation administers all gifts in a business-like manner, ensuring they are managed in accordance with the donor's wishes. When gifts are received by Eastern Washington University's colleges or operating units, they are forwarded for gift processing, official acceptance, and acknowledgment by the Foundation.
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Impact
July, 2024
The Eastern Washington University Foundation's impact is significant in supporting students' financial assistance to unlock enormous potential. By awarding 735 scholarships in 2022, the Foundation enables Eastern Washington University students to focus on their studies, progress more quickly towards their degrees, and graduate debt-free or with greatly reduced debt. Additionally, the Foundation serves as a conduit through which private gifts flow to provide immediate and long-term support for the university and its programs. Overall, the Foundation's efforts contribute to the success and advancement of Eastern Washington University students, ultimately enriching the educational landscape in Cheney, WA.
This information is meant to be a general summary of Eastern Washington 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: $1,098,860
- Gross Receipts: $15,672,092
Assets and Liabilities:
- Total Assets: $52,356,011
- Total Liabilities: $4,652,936
- Net Assets: $47,703,075
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Organization Details
Founding Year
1977
Phone
(509) 359-6890Principal Officer
Barb Richey
Main Address
102 HARGREAVES HALL, CHENEY, WA, 99004
Website
www.ewu.edu/foundationNTEE Category
Code: B43I - Education
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