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FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC

EIN 59-0917284 BOCA RATON, FL

Revenue 2024
$60,328,298
Expenses 2024
$39,068,272

Program services were 92.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B110
Classification
2000
Street
777 GLADES ROAD ADM 247

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

THE MISSION OF THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC. IS TO ENCOURAGE, PROMOTE, AND PROVIDE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF FLORIDA ATLANTIC UNIVERSITY (A PART OF THE FLORIDA STATE UNIVERSITY SYSTEM) IN FURTHERANCE OF ITS (CONTINUED ON SCHEDULE O) MISSIONS AND PURPOSES AND TO SECURE THE APPLICATION OF THESE FUNDS IN THE BEST MANNER ADAPTED TO THE CONDITIONS OF TIME AND TO THE NEEDS OF FAU.

Activities or mission (Part I)

TO SUPPORT FLORIDA ATLANTIC UNIVERSITY (FAU).

  • PROVIDED GENERAL SUPPORT TO THE FLORIDA ATLANTIC UNIVERSITY IN THE FORM OF PAYMENTS SUCH AS BUT NOT LIMITED TO GUEST LECTURERS, OPERATIONAL AND CONFERENCE EXPENSES, TRAVEL, CONSULTING, AND EVENTS.

    Expenses $18,306,513 · Grants $18,306,513 · Revenue $441,587

  • PROVIDED 2,828 STUDENTS WITH SCHOLARSHIPS FROM PHILANTHROPIC CONTRIBUTIONS.

    Expenses $9,037,741 · Grants $9,037,741

  • PROVIDED SUPPORT FOR THE SALARIES OF THE UNIVERSITY'S EMINENT SCHOLARS, PROFESSORS, AND OTHER FACULTY AND STAFF.

    Expenses $8,702,780 · Grants $8,702,780

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Adam Hasner

    PRESIDENT AS OF 3/5/25

    Total calculated
    $0
    Hours/week
    0.5 + 40 related
  • Stacy A Volnick

    INTERIM FAU PRESIDENT

    Total calculated
    $743,866
    From this org
    $0
    From related orgs
    $628,510
    Other
    $115,356
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $522,510 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $106,070 related
    Nontaxable benefits
    $0 + $9,286 related
    Filer's total
    $0 + $743,866 related
  • Bruce Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Charles Cartwright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Phyllis Gladstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Noel Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Daniel Joseph

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Paul Kilgallon

    REAL ESTATE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Stewart Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Miller

    TREASURER & FINANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    2
  • Peter Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Brian Poulin

    BOARD & EXECUTIVE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Gary D Rubin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Keith Sanders

    NOMINATING & GOV. COMMITTEE

    Total calculated
    $0
    Hours/week
    2
  • Steven Schmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Richard Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ian Swartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Raul Valero

    PHILANTHROPY COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Ed Ventrice

    INVESTMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Marilyn Wallach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Cheryl Wilke

    VICE CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Michael Yoon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • William Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Scott McClenghan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • David L Kian

    INTERIM CEO

    Total calculated
    $577,617
    From this org
    $0
    From related orgs
    $514,007
    Other
    $63,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $475,972 related
    Bonus
    $0 + $10,043 related
    Other
    $0 + $27,992 related
    Deferred
    $0 + $41,680 related
    Nontaxable benefits
    $0 + $21,930 related
    Filer's total
    $0 + $577,617 related

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $60,328,298
    Expenses
    $39,068,272
    Contributions
    $32,452,144
    Grants paid
    $36,047,034
  • 2023
    Revenue
    $49,842,509
    Expenses
    $43,134,161
    Contributions
    $28,273,812
    Grants paid
    $38,972,136
  • 2022
    Revenue
    $51,489,358
    Expenses
    $33,062,850
    Contributions
    $32,459,946
    Grants paid
    $25,132,279

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2021 · 990

    Revenue
    $79,320,542
    Expenses
    $33,810,685
    Assets (EOY)
    $416,051,768
  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2020 · 990

    Revenue
    $44,215,838
    Expenses
    $22,247,742
    Assets (EOY)
    $393,420,422
  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2019 · 990

    Revenue
    $38,576,412
    Expenses
    $31,504,657
    Assets (EOY)
    $305,932,413
  • 2018 · 990

    Revenue
    $45,179,203
    Expenses
    $43,627,308
    Assets (EOY)
    $322,019,873
  • 2017 · 990

    Revenue
    $39,512,380
    Expenses
    $36,611,212
    Assets (EOY)
    $328,834,737

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • FLORIDA ATLANTIC UNIVERSITY

    $22,619,145

    2024 ACADEMIC, RESEARCH AND INSTITUTIONAL SUPPORT

  • FLORIDA ATLANTIC UNIVERSITY

    $18,614,241

    2023 ACADEMIC, RESEARCH AND INSTITUTIONAL SUPPORT

  • FLORIDA ATLANTIC UNIVERSITY

    $14,527,695

    2023 STUDENT SCHOLARSHIPS

  • FLORIDA ATLANTIC UNIVERSITY

    $9,037,741

    2024 STUDENT SCHOLARSHIPS

  • FLORIDA ATLANTIC UNIVERSITY

    $5,539,339

    2023 FUNDING OF UNIVERSITY'S INFRASTRUCTURE

  • FLORIDA ATLANTIC UNIVERSITY

    $3,656,348

    2024 FUNDING OF UNIVERSITY'S INFRASTRUCTURE

  • 2023 STUDENT SCHOLARSHIPS

  • FLORIDA ATLANTIC UNIVERSITY

    $0

    2022 STUDENT SCHOLARSHIPS

  • FLORIDA ATLANTIC UNIVERSITY

    $0

    2022 ACADEMIC, RESEARCH AND INSTITUTIONAL SUPPORT

  • 2022 STUDENT SCHOLARSHIPS

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.