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L S U PROPERTY FOUNDATION

EIN 72-1295979 BATON ROUGE, LA

Browse the largest nonprofits in Louisiana

Revenue 2024
$5,699,709
Expenses 2024
$6,018,842

Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
T50
Classification
1000
Street
3796 NICHOLSON DR

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).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

THE MISSION OF THE LSU PROPERTY FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT VIA GIFTS OF REAL ESTATE AND MOVEABLE PROPERTY, AS WELL AS, FACILITATE PROJECTS ON BEHALF OF LSU AND THE LSU AGRICULTURAL CENTER.

Activities or mission (Part I)

FOSTER PRIVATE FINANCIAL SUPPORT VIA GIFTS OF REAL ESTATE AND EQUIPMENT FOR LSU AND THE LSU AGRICULTURAL CENTER.

  • OPERATION OF STUDENT-CENTRIC RETAIL FOR THE NICHOLSON GATEWAY PROJECT, WHICH PROVIDES HOUSING FOR UPPER-CLASS GRADUATE STUDENTS.

    Expenses $5,445,453 · Grants $443,722

As filed on the 2024 return.

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.

  • Beau Fournet

    DIRECTOR, CHAIR (BEGIN 1/1/25)

    Total calculated
    $0
    Hours/week
    0.05 + 1.5 related
  • Elizabeth Ronn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 1.5 related
  • Frank Billy W Harrison III

    DIRECTOR (END 12/31/24)

    Total calculated
    $0
    Hours/week
    0.05 + 1.5 related
  • Laurie Aronson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 1 related
  • Lori Garrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 1.5 related
  • Matthew Lee

    DIRECTOR ,EX OFFICIO BEGIN 6-1-25

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • Roger Jenkins

    DIRECTOR, CHAIR (END 12/31/24)

    Total calculated
    $0
    Hours/week
    0.05 + 4 related
  • Thomas Adamek

    DIRECTOR (BEGIN 1/1/25)

    Total calculated
    $0
    Hours/week
    0.05 + 1 related
  • William F Tate IV

    DIRECTOR ,EX OFFICIO (END 5/31/25)

    Total calculated
    $0
    Hours/week
    0.05 + 1.5 related
  • Kate Spikes

    TREASURER

    Total calculated
    $297,572
    From this org
    $0
    From related orgs
    $260,919
    Other
    $36,653
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,719 related
    Bonus
    $0
    Other
    $0 + $1,200 related
    Deferred
    $0 + $16,195 related
    Nontaxable benefits
    $0 + $20,458 related
    Filer's total
    $0 + $297,572 related
  • Leu Anne Greco

    SECRETARY

    Total calculated
    $225,097
    From this org
    $0
    From related orgs
    $206,331
    Other
    $18,766
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,131 related
    Bonus
    $0
    Other
    $0 + $1,200 related
    Deferred
    $0 + $12,740 related
    Nontaxable benefits
    $0 + $6,026 related
    Filer's total
    $0 + $225,097 related
  • Robert M Stuart Jr

    PRESIDENT & CEO

    Total calculated
    $445,250
    From this org
    $0
    From related orgs
    $423,073
    Other
    $22,177
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,673 related
    Bonus
    $0
    Other
    $0 + $2,400 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $1,477 related
    Filer's total
    $0 + $445,250 related

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
    $5,699,709
    Expenses
    $6,018,842
    Contributions
    $2,430,606
    Grants paid
    $443,722
  • 2023
    Revenue
    $5,555,701
    Expenses
    $5,922,728
    Contributions
    $2,433,324
    Grants paid
    $512,924
  • 2022
    Revenue
    $5,193,162
    Expenses
    $5,761,683
    Contributions
    $2,199,563
    Grants paid
    $649,399

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

  • 2021 · 990

    Revenue
    $5,520,184
    Expenses
    $6,741,809
    Assets (EOY)
    $13,863,761
  • 2020 · 990

    Revenue
    $5,972,139
    Expenses
    $6,057,364
    Assets (EOY)
    $15,333,183
  • 2019 · 990

    Revenue
    $3,557,732
    Expenses
    $2,945,411
    Assets (EOY)
    $15,239,996
  • 2018 · 990

    Revenue
    $3,065,835
    Expenses
    $4,166,220
    Assets (EOY)
    $14,947,357
  • 2017 · 990

    Revenue
    $2,021,703
    Expenses
    $3,422,262
    Assets (EOY)
    $16,681,632
  • 2016 · 990

    Revenue
    $11,414,702
    Expenses
    $7,962,805
    Assets (EOY)
    $14,851,080

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.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

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

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • LSU MUSEUM LLC

    INVESTMENT IN SHAW CENTER FOR THE ARTS, LLC · LA · income $35 · assets $0

  • FOUNDATION OFFICE BUILDING LLC

    CONSTRUCTION OF OFFICE BUILDING FOR LSU FOUNDATION · LA · income $61,097 · assets $8,927,354

  • NICHOLSON GATEWAY PROJECT LLC

    DEVELOPMENT OF NICHOLSON GATEWAY PROJECT · LA · income $3,269,103 · assets $3,321,581

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 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.