NonprofitsTowson University Foundation Inc

Education

Towson University Foundation Inc

TOWSON, MD

Total revenue

$11.1M

Total expenses

$9.6M

Net assets

$119.6M

Grants received

$15.7M

267 grants

EIN

520939453

Tax year

2023

Mission

To raise, invest, and disburse funds for the benefit of towson university.

Programs

3 programs

University support - to create an environment that is conducive to learning, institutions of higher learning must have proper facilities and faculty dedicated to teaching. Funds are made available for use by the university president, the vice presidents and the deans of the seven colleges to support areas where improvements are needed. We remain committed to our goal of helping the university attract, hire and retain faculty members who are leaders in their field of study, and who have demonstrated superior teaching skills. To keep them current on new developments in their field and teaching methods, they are encouraged to perform research and to attend seminars and conferences. In addition to funding provided by donors, the foundation also makes funds available to the university through the unrestricted budget process that helped to support the various presidential initiatives. These are initiatives that might otherwise not move forward due to the lack of other funding sources.

Expenses: $1.9MGrants: $1.9M

Athletic programs - the foundation solicits and manages funds in support of the university's aligned vision for athletics, which states "towson university is committed to a financially stable, gender-equitable and competitive athletics program. The university will continue to support these goals by placing academics first. We will support opportunities for all towson students to participate in a range of sports activities and leadership opportunities that support physical well-being and personal excellence." the university currently fields 19 division i athletic teams (13 in women's sports, 6 in men's sports).

Expenses: $833K

The $2,994,202 of other program service expenses relate to expenses that support the variety of programs offered by towson university for the benefit of the students, faculty and staff of the university. All expenses support the core mission of the foundation and therefore that of the university as well. The foundation exists to support the university through these expenditures.

Expenses: $3.0M

Financials

FY 2023

Revenue

Contributions & grants$6.7M
Program service revenue$93K
Investment income$2.6M
Other revenue$1.7M
Total revenue$11.1M

Expenses

Grants paid$4.6M
Salaries & benefits$548K
Fundraising$341K
Other expenses$4.4M
Total expenses$9.6M
Total assets$122.2M
Net assets$119.6M

People

29 listed

NameRoleCompensation

KIM A FABIAN

VICE PRESIDENT

Board

1 hrs/wk

EDNA PRIMROSE

PRESIDENT

Board

4 hrs/wk

SALVATORE CORRENTI

VICE PRESIDENT

Board

1 hrs/wk

DAVID M VAHOS

VICE PRESIDENT

Board

1 hrs/wk

CHRISTOPHER J CAVALLARO

SECRETARY

Board

1 hrs/wk

CHRISTOPHER S EVANS

TREASURER

Board

1 hrs/wk

RAYMOND J BRUSCA

DIRECTOR

Board

0.5 hrs/wk

THOMAS COARD

DIRECTOR

Board

0.5 hrs/wk

IRA W COX

DIRECTOR

Board

0.5 hrs/wk

DOUGLAS F ERDMAN

DIRECTOR

Board

0.5 hrs/wk

PAUL-SEAN GRAY

DIRECTOR

Board

0.5 hrs/wk

ANTHONY HAMLETT SR

DIRECTOR

Board

0.5 hrs/wk

STEPHANIE JOHNSON

DIRECTOR

Board

0.5 hrs/wk

PATRICIA HOGE

VICE PRESIDENT

Board

1 hrs/wk

PHYLICIA PORTER

DIRECTOR

Board

0.5 hrs/wk

EDWARD MCDONALD

DIRECTOR

Board

0.5 hrs/wk

DAVID DIAZ

DIRECTOR

Board

0.5 hrs/wk

SUSAN J GANTZ

DIRECTOR

Board

0.5 hrs/wk

SHANNA N WARBURTON-BARNES

DIRECTOR

Board

0.5 hrs/wk

DENNY B MATHER

DIRECTOR

Board

0.5 hrs/wk

NANCY GRASMICK

DIRECTOR

Board

0.5 hrs/wk

STEVEN E PECK

DIRECTOR

Board

0.5 hrs/wk

DEBORA A PLUNKETT

DIRECTOR

Board

0.5 hrs/wk

SHERMAN L RAGLAND

DIRECTOR

Board

0.5 hrs/wk

JEFF S ROSEN

DIRECTOR

Board

0.5 hrs/wk

THOMAS B SMYTH

DIRECTOR

Board

0.5 hrs/wk

EILEEN AUEN

DIRECTOR

Board

0.5 hrs/wk

ERIC M KRUK

DIRECTOR

Board

0.5 hrs/wk

JOHN J MEASE JR

VICE PRESIDENT/ CFO

Staff

$185K

50 hrs/wk

Independent contractors

ARAMARK EDUCATIONAL SERVICES

CATERING

$467K

Grants received

Showing 200 of 267

FromAmountPurposeYear
$602K
YEAR 5 OF 5 - TOWSON UTEACH, ENGLISH LANGUAGE LEARNER (ELL) STUDENT SUCCESS FUND & CHP BUILDING, AND 2025 TOWSON ATHLETICS BLACK & GOLD INVITATIONAL
2024
$53K
GENERAL SUPPORT AND VARIOUS PROJECTS
2024
$40K
General Operating Support
2024
$25K
ENDOWMENT FOR GUEST ARTIST
2024
$25K
YOUTH OPPORTUNITY
2024
$19K
WTMD'S 2014 FIRST THURSDAY
2024
$13K
Supports autism programs.
2024
$10K
EDUCATION GRANT
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$7K
GENERAL SUPPORT
2024
$5K
HUETHER/MCCLELLAND ENDOWMENT FOR TOP 10 SCHOLARS
2024
$5K
GENERAL SUPPORT - TU ATHLETICS BASEBALL OPERATING
2024
$5K
General Support
2024
$2K
MUSIC PROGRAM
2024
$2K
Charitable
2024
$1K
CHARITABLE CONTRIBUTION/GRANT
2024
$500
TO SUPPORT THE CONDUCT OF THE ORGANIZATION'S CHARITABLE PURPOSE - EDUCATION
2024
$500
General & Unrestricted
2024
$175
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$140
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$100
GENERAL SUPPORT
2024
$77
MATCHING GIFTS
2024
$50
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$600K
YEAR 4 OF 5 - TOWSON UTEACH, ENGLISH LANGUAGE LEARNER (ELL) STUDENT SUCCESS FUND & CHP BUILDING
2023
$493K
INTERNATIONAL
2023
$317K
GENERAL SUPPORT
2023
$294K
For grant recipient's exempt purposes
2023
$200K
FOR THE RE-ENTRY SCHOLARSHIPS PROGRAM. FOR GENERAL SUPPORT.
2023
$60K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$41K
Contribution
2023
$40K
MATURE STUDENTS SCHOLARSHIPS
2023
$35K
CHARITABLE DONATION
2023
$30K
General Operating Support
2023
$25K
ENDOWMENT FOR GUEST ARTIST
2023
$25K
FINANCIAL ASSISTANCE
2023
$20K
HELP WITH THE COSTS OF ITS EXHIBITIONS AND PROGRAMMING FOR THE 2024 SPRING SEASON: "DREAM REFUGE FOR CHILDREN IMPRISONED AND "CHILDREN'S BOOK ART BY ASIAN AMERICAN ARTISTS"
2023
$15K
YOUTH OPPORTUNITY
2023
$15K
WTMD'S 2014 FIRST THURSDAY
2023
$15K
FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
2023
$11K
GENERAL SUPPORT AND VARIOUS PROJECTS
2023
$10K
DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS
2023
$10K
JEWISH CULTURAL RECONSTRUCTION BOOKS
2023
$10K
Supports autism programs.
2023
$10K
GENERAL SUPPORT
2023
$8K
GENERAL SUPPORT
2023
$7K
FOOD DISTRIBUTION
2023
$6K
SWIPE GRANT FUNDING TO SOLVE STUDENT HUNGER BY PROVIDING OUR PARTNER CAMPUSES WITH THE SUPPORT, TRAINING, AND RESOURCES THEY NEED TO RUN IMPACTFUL FOOD SECURITY PROGRAMS, LIKE STUDENT FOOD PANTRIES.
2023
$5K
GENERAL SUPPORT - TU ATHLETICS BASEBALL OPERATING
2023
$5K
HUETHER/MCCLELLAND ENDOWMENT FOR TOP 10 SCHOLARS
2023
$5K
General Support
2023
$5K
OTHER CIVIC / COMMUNITY
2023
$3K
OTHER CIVIC / COMMUNITY
2023
$3K
UNDERGRADUATE SCHOLAR AWARDS
2023
$3K
TO FURTHER THEORGANIZATIONS GOALS
2023
$3K
OTHER CIVIC / COMMUNITY
2023
$3K
Education
2023
$2K
MUSIC PROGRAM
2023
$1K
UNRESTRICTED
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$900
CHARITABLE CONTRIBUTION/GRANT
2023
$900
CHARITABLE CONTRIBUTION/GRANT
2023
$500
GENERAL PURPOSE OF RECIPIENT
2023
$500
OTHER CIVIC / COMMUNITY
2023
$250
PROGRAM/OPERATING SUPPORT
2023
$200
GENERAL OPERATING SUPPORT
2023
$75
MATCHING GIFTS
2023
$10
GENERAL OPERATING PURPOSE
2023
$600K
TO FUND YEAR 3 OF 5 - TOWSON UTEACH, ENGLISH LANGUAGE LEARNER (ELL) STUDENT SUCCESS FUND & CHP BUILDING
2022
$338K
GENERAL SUPPORT
2022
$288K
For grant recipient's exempt purposes
2022
$100K
PROVIDE FUNDS FOR SCHOOL PROGRAMS
2022
$50K
RE-ENTRY SCHOLARSHIP
2022
$40K
MATURE STUDENTS SCHOLARSHIPS
2022
$40K
GRANT FOR PREVENTION PROGRAM IN MARYLAND, TIGERS PLAY RESPONSIBLY
2022
$30K
General Operating Support
2022
$30K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2022
$30K
CHARITABLE DONATION
2022
$30K
GENERAL SUPPORT
2022
$26K
GENERAL SUPPORT AND VARIOUS PROJECTS
2022
$25K
SUB-AWARD
2022
$25K
ENDOWMENT FOR GUEST ARTIST
2022
$25K
HELP WITH THE COSTS OF (I) EXHIBITION FEATURING ARTISTS OF SOUTH ASIAN DESCENT, (II) EXHIBITION FEATURING WORK OF TRISTAN CAI, (III) OPENING RECEPTION, (IV) STUDIO TOUR, (V) OPENING RECEPTION AND ARTIST TALK, AND (VI) VISUAL LITERACY WORKSHOP
2022
$20K
support for cataloging of Jewish Cultural Reconstruction books
2022
$17K
General & Unrestricted
2022
$16K
GENERAL SUPPORT
2022
$15K
FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
2022
$10K
JEWISH BOOKS CATALOGUE TOOLKIT
2022
$10K
ENDOWMENT FOR CLASSICAL MUSIC PERFOR
2022
$10K
Supports autism programs.
2022
$10K
General Support
2022
$10K
MATCHING GIFTS
2022
$10K
GENERAL SUPPORT
2022
$10K
YOUTH OPPORTUNITY
2022
$10K
General Support
2022
$9K
DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS
2022
$9K
Scholarship Grants For 7 Eligible Students
2022
$5K
HUETHER/MCCLELLAND ENDOWMENT FOR TOP 10 SCHOLARS
2022
$5K
MIP PAYOUT FOR 03/15/2022
2022
$5K
Educational
2022
$5K
GENERAL SUPPORT - TU ATHLETICS BASEBALL OPERATING
2022
$4K
UNDERGRADUATE SCHOLAR AWARDS
2022
$3K
TO FURTHER THE ORGANIZATION'S GOALS
2022
$3K
FUNDING TO SUPPORT THE COLLEGE'S POST-GRADUATE STUDIES PROGRAM FOR STUDENTS SEEKING TO OBTAIN A MASTERS DEGREE IN JEWISH EDUCATION OR JEWISH COMMUNAL SERVICE.
2022
$3K
TO SUPPORT THE ORGANIZATION IN CARRYING OUT THEIR EXEMPT PURPOSE
2022
$2K
UNRESTRICTED
2022
$2K
MUSIC PROGRAM
2022
$2K
TO FURTHER THE ORGANIZATION'S GOALS
2022
$1K
GENERAL SUPPORT
2022
$1K
PROGRAM/OPERATING SUPPORT
2022
$1K
CHARITABLE CONTRIBUTION/GRANT
2022
$613
FUNDING TO SUPPORT THE COLLEGE'S POST-GRADUATE STUDIES PROGRAM FOR STUDENTS SEEKING TO OBTAIN A MASTERS DEGREE IN JEWISH EDUCATION OR JEWISH COMMUNAL SERVICE.
2022
$500
GENERAL PURPOSE OF RECIPIENT
2022
$500
MATCHING GIFTS
2022
$500
MIP PAYOUT FOR 07/05/2022
2022
$460
FUNDING TO SUPPORT THE COLLEGE'S POST-GRADUATE STUDIES PROGRAM FOR STUDENTS SEEKING TO OBTAIN A MASTERS DEGREE IN JEWISH EDUCATION OR JEWISH COMMUNAL SERVICE.
2022
$250
PROGRAM/OPERATING SUPPORT
2022
$140
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$55
MATCHING GIFTS
2022
$50
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$703K
For grant recipient's exempt purposes
2021
$703K
For grant recipient's exempt purposes
2021
$296K
GENERAL SUPPORT
2021
$100K
GENERAL SUPPORT
2021
$40K
MATURE STUDENTS SCHOLARSHIPS
2021
$25K
General Operating Support
2021
$21K
GENERAL SUPPORT
2021
$20K
ENDOWMENT FOR GUEST ARTIST
2021
$13K
TO FURTHER THE ORGANIZATION'S GOALS
2021
$10K
SUPPORT FOR EFFECTIVE POLL WORKER TRAINING
2021
$10K
DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS
2021
$5K
ENDOWMENT FOR CLASSICAL MUSIC PERFOR
2021
$5K
Education
2021
$5K
HUETHER/MCCLELLAND ENDOWMENT FOR TOP 10 SCHOLARS
2021
$4K
UNDERGRADUATE SCHOLAR AWARDS
2021
$4K
UNDERGRADUATE SCHOLAR AWARDS
2021
$4K
SUPPORT GENERAL OPERATIONS
2021
$3K
TU Entrepreneurship programs, StarTUp
2021
$3K
TO SUPPORT THE ORGANIZATION IN CARRYING OUT THEIR EXEMPT PURPOSE
2021
$2K
MUSIC PROGRAM
2021
$500
OPERATIONAL SUPPORT
2021
$500
GENERAL PURPOSE OF RECIPIENT
2021
$250
EDUCATION
2021
$1.3M
General support
2020
$600K
TO SUPPORT THROUGH MULTI YEAR GRANT
2020
$290K
GENERAL SUPPORT
2020
$110K
RE-ENTRY SCHOLARSHIP
2020
$70K
For grant recipient's exempt purposes
2020
$53K
MATURE STUDENTS SCHOLARSHIPS
2020
$28K
GENERAL OPERATING
2020
$26K
SUB-AWARD
2020
$25K
HELP WITH (I) AN EXHIBITION ENTITLED "DELUGE; (II) AN EXHIBITION ENTITLED "TO MY HOMELAND; AND (III) AN OPENING RECEPTION BEFORE EACH EXHIBITION FEATURING TALKS BY THE ARTISTS
2020
$22K
GENERAL SUPPORT
2020
$20K
ENDOWMENT FOR GUEST ARTIST
2020
$13K
TO FURTHER THE ORGANIZATION'S GOALS
2020
$12K
FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES
2020
$10K
GENERAL SUPPORT AND VARIOUS PROJECTS
2020
$10K
Supports autism programs.
2020
$10K
FINANCIAL WELL-BEING
2020

Funded by

$15.7M from 89 funders · 267 grants · 2017–2024

National Philanthropic Trust

$3.8M · 5 grants · 2019–2023

The Kahlert Foundation Inc

$2.4M · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$2.3M · 8 grants · 2017–2023

The Associated Jewish Community

$2.2M · 7 grants · 2017–2023

Jewish Communal Fund

$1.4M · 3 grants · 2020–2023

Marine Biological Laboratory

$341K · 8 grants · 2017–2021

Donor Advised Charitable Giving Inc

$260K · 6 grants · 2018–2023

The San Francisco Foundation

$200K · 1 grant · 2023

Details

EIN520939453
NTEE codeB110
Subsection03
Ruling date1970-12
Formed1970
Employees4
Volunteers28
TOWSON UNIVERSITY FOUNDATION INC — Mission, Financials & Grants Received | Grantivo