PENNSYLVANIAS STATE SYSTEM OF HIGHER EDUCATION FOUNDATION

As filed

Subsection

03

NTEE code

B12

Classification

1000

Street

2300 VARTAN WAY

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

• THE PASSHE FOUNDATION EXISTS TO POWER PENNSYLVANIA'S TALENT PIPELINE, ADVANCE UNIVERSITY EXCELLENCE, AND FORGE PARTNERSHIPS TO ADVANCE PENNSYLVANIA'S TALENT STRATEGY, AS THE FUNDRAISING ARM OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. PASSHE FOUNDATION IS A STRATEGIC PARTNER OF THE STATE SYSTEM OFFICE OF THE CHANCELLOR, LEADS CONSORTIA FUNDRAISING EFFORTS ON BEHALF OF MULTI-UNIVERSITY PROJECTS AND INITIATIVES, AND SERVES AS A CONVENER TO BRING TOGETHER LEADERS AND ORGANIZATIONS FROM THE PUBLIC AND PRIVATE SECTOR. IN SUPPORT OF POWERING PENNSYLVANIA'S TALENT PIPELINE, THE FOUNDATION SECURES FUNDS FOR AND MANAGES PROGRAMS AWARDING SCHOLARSHIPS AND EMERGENCY GRANTS THAT ARE NEED-BASED, INDUSTRY-FOCUSED, AND ACADEMICALLY COMPETITIVE TO STUDENTS ATTENDING THE 10 UNIVERSITIES OF PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION. DURING THE 2024-25 FISCAL YEAR, THE FOUNDATION AWARDED 1,065 SCHOLARSHIPS AND EMERGENCY GRANTS, TOTALING $1,640,211. THESE SCHOLARSHIPS IMPROVE ACCESS TO AND AFFORDABILITY OF HIGHER EDUCATION, ENSURING STUDENTS PERSIST THROUGH TO GRADUATION AND ATTAIN A DEGREE. ONE-THIRD OF THE STATE SYSTEM'S STUDENTS COME FROM LOW-INCOME HOUSEHOLDS. A SIMILAR PERCENTAGE ARE THE FIRST GENERATION IN THEIR FAMILIES TO GO TO COLLEGE. THE FOUNDATION'S SCHOLARSHIP PROGRAM NOT ONLY REDUCES THE COST BURDEN OF A POST-SECONDARY EDUCATION BUT ALSO REDUCES THEIR STUDENT LOAN DEBT. STATE SYSTEM STUDENTS FUEL PA'S ECONOMIC VITALITY. TEN YEARS AFTER GRADUATION, 75% OF LOW-INCOME STUDENTS HAVE MOVED INTO MIDDLE-CLASS AND THUS ACHIEVED ECONOMIC MOBILITY AND 63% REMAIN IN WORKING IN PA.

  Expenses $2,500,055 · Grants $2,384,060

• TO FORGE PARTNERSHIPS AND ADVANCE UNIVERSITY EXCELLENCE, THE FOUNDATION IDENTIFIES AND ACQUIRES RESOURCES TO SUPPORT SYSTEM-WIDE INITIATIVES AND MULTI-CAMPUS INITIATIVES. PASSHE FOUNDATION SECURED FUNDS AND CREATED EMPLOYER PARTNERSHIPS TO KICK-START AN INITIATIVE TO EMBED REAL WORLD WORK EXPERIENCES INTO THE ACADEMIC CURRICULUM THROUGH A MULTI-UNIVERSITY PILOT PROGRAM INVOLVING FIVE OF ITS UNIVERSITIES AND WHICH WILL LAUNCH ACROSS THE STATE SYSTEM'S 10 UNIVERSITIES AND 14 CAMPUSES IN THE 2027-28 ACADEMIC YEAR. DURING THE 2024-25 YEAR, THE FOUNDATION ALSO SECURED PHILANTHROPIC SUPPORT TO ACCELERATE COURSE AND PROGRAM SHARING INITIATIVES AND TO CONVENE STATE SYSTEM AND UNIVERSITY LEADERSHIP TO REIMAGINE ITS UNIVERSITY-BASED AND SYSTEM-WIDE STRATEGIES FOR BUILDING PENNSYLVANIA'S EDUCATOR TRAINING PIPELINE. THIS SUMMIT, OCCURRING IN FALL 2025, WILL FACILITATE REGIONAL COLLABORATION AND EQUIP STATE SYSTEM UNIVERSITIES TO EFFECTIVELY AND EFFICIENTLY PREPARE THE TEACHER CORPS PENNSYLVANIA NEEDS TO GROW AND THRIVE.

  Expenses $479,769 · Grants $155,000 · Revenue $218,400

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.

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

  $3,419,401

  Expenses

  $3,331,819

  Contributions

  $3,334,534

  Grants paid

  $2,539,060

• 2023

  Revenue

  $3,560,509

  Expenses

  $2,643,401

  Contributions

  $2,897,632

  Grants paid

  $1,583,290

• 2022

  Revenue

  $2,493,469

  Expenses

  $1,798,477

  Contributions

  $2,162,909

  Grants paid

  $1,013,801

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

  $1,622,868

  Expenses

  $1,368,716

  Assets (EOY)

  $4,629,518

• 2020 · 990

  Revenue

  $1,270,660

  Expenses

  $1,151,699

  Assets (EOY)

  $4,375,366

• 2019 · 990

  Revenue

  $1,555,274

  Expenses

  $1,107,463

  Assets (EOY)

  $4,256,405

• 2018 · 990

  Revenue

  $1,244,412

  Expenses

  $1,314,364

  Assets (EOY)

  $3,808,594

• 2017 · 990

  Revenue

  $1,007,481

  Expenses

  $791,867

  Assets (EOY)

  $3,878,546

• 2016 · 990

  Revenue

  $1,129,921

  Expenses

  $922,949

  Assets (EOY)

  $3,662,932

• 2015 · 990

  Revenue

  $896,927

  Expenses

  $535,293

  Assets (EOY)

  $3,455,960

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

• MILLERSVILLE UNIVERSITY

  $88,027

  2022 · BOG ER AID FUND

• MANSFIELD UNIVERSITY

  $55,500

  2022 · MANSFIELD UNI SCLSHP

• CHEYNEY UNIVERSITY

  $35,000

  2024 · WBL GRANT

• COMMONWEALTH UNIVERSITY

  $30,000

  2024 · WBL GRANT

• EAST STROUODSBURG

  $30,000

  2024 · WBL GRANT

• SHIPPENSBURG UNIVERSITY

  $30,000

  2024 · WBL GRANT

• SLIPPERY ROCK UNIVERSITY

  $30,000

  2024 · WBL GRANT

• SHIPPENSBURG UNIVERSITY

  $10,000

  2023 · WBL GRANT

• SLIPPERY ROCK UNIVERSITY

  $10,000

  2023 · WBL GRANT

• EAST STROUDSBURG UNIVERSITY

  $10,000

  2023 · WBL GRANT

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

Where these grants went next →

Grants received

• STRADA EDUCATION FOUNDATION INC

  $750,000

  2023 · OPERATING GRANT

• EDUCATIONAL CREDIT MANAGEMENT CORPORATION

  $357,602

  2024 · FAFSA STUDENT SUPPORT

• NATIONAL PHILANTHROPIC TR

  $51,000

  2023 · EDUCATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $33,250

  2024 · For grant recipient's exempt purposes

• NATIONAL PHILANTHROPIC TR

  $25,000

  2024 · EDUCATION

• JEWISH FEDERATION OF GREATER PITTSBURGH

  $25,000

  2024 · TO SUPPORT EDUCATION

• AMERICAN GIFT FUND

  $15,000

  2022 · OPERATIONS

• DONOR ADVISED CHARITABLE GIVING

  $10,000

  2024 · EDUCATION

• DONOR ADVISED CHARITABLE GIVING

  $10,000

  2022 · EDUCATION

• GEISINGER HEALTH

  $10,000

  2022 · SUPPORT MISSION

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

Other IRS files