TOWSON UNIVERSITY FOUNDATION INC

As filed

Subsection

03

NTEE code

B110

Classification

1200

Street

8000 YORK RD

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 · 2023

• SCHOLARSHIPS AND AWARDS - TOWSON UNIVERSITY FOUNDATION IS COMMITTED TO PROVIDING STUDENTS WITH THE OPPORTUNITY TO OBTAIN A LIBERAL EDUCATION - AN EDUCATION THAT HELPS STUDENTS DEVELOP THE ABILITY TO THINK CRITICALLY; TO BE LITERATE, INFORMED AND ARTICULATE; TO HONOR DIVERSITY; TO DISCUSS AND DEBATE IDEAS AND ISSUES FROM MULTIPLE PERSPECTIVES, AND TO BE CAPABLE OF TAKING ON RESPONSIBILITY IN AN EVER-CHANGING WORLD. TO CREATE THOSE OPPORTUNITIES, MANY STUDENTS NEED AND DESERVE FINANCIAL ASSISTANCE. AS OF JUNE 30, 2024, TOWSON UNIVERSITY FOUNDATION HAD 361 ENDOWED SCHOLARSHIPS AND PRESENTS ADDITIONAL CASH AWARDS EACH YEAR TO DESERVING STUDENTS FROM EXISTING OPERATING SCHOLARSHIP FUNDS. SINCE STATE OF MARYLAND FUNDING NOW ACCOUNTS FOR LESS THAN 1/3 OF THE COST OF A TOWSON UNIVERSITY EDUCATION, PRIVATE FUNDING FROM GENEROUS DONORS ALLOWS TODAY'S STUDENTS AND TOMORROW'S LEADERS TO MEET THEIR FINANCIAL OBLIGATIONS. IN THE FISCAL YEAR ENDING JUNE 30, 2024, THE FOUNDATION MADE 1,233 SEPARATE SCHOLARSHIP AWARDS TO DESERVING STUDENTS TOTALING $2,673,512.ADDITIONALLY, 37 STUDENTS RECEIVED A TOTAL OF $24,268 IN STUDENT EMERGENCY AWARDS, WITH INDIVIDUAL AWARDS RANGING FROM $117 - $1,310.

  Expenses $2,697,780 · Grants $2,697,780

• 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 $1,886,850 · Grants $1,944,646

• 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 $832,585

• 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 $2,994,202 · Revenue $1,295,172

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $11,057,875

  Expenses

  $9,580,323

  Contributions

  $6,653,803

  Grants paid

  $4,642,426

• 2022

  Revenue

  $15,208,535

  Expenses

  $9,346,653

  Contributions

  $7,721,381

  Grants paid

  $3,818,089

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

  $17,012,996

  Expenses

  $10,336,888

  Assets (EOY)

  $103,275,008

• 2020 · 990

  Revenue

  $15,736,271

  Expenses

  $6,132,741

  Assets (EOY)

  $110,009,045

• 2019 · 990

  Revenue

  $6,797,411

  Expenses

  $6,678,784

  Assets (EOY)

  $86,448,337

• 2018 · 990

  Revenue

  $9,767,784

  Expenses

  $6,675,082

  Assets (EOY)

  $86,551,744

• 2017 · 990

  Revenue

  $7,970,589

  Expenses

  $5,792,446

  Assets (EOY)

  $80,654,470

• 2016 · 990

  Revenue

  $9,202,243

  Expenses

  $6,160,600

  Assets (EOY)

  $74,465,302

• 2015 · 990

  Revenue

  $6,637,648

  Expenses

  $7,512,187

  Assets (EOY)

  $68,265,985

• 2014 · 990

  Revenue

  $7,298,841

  Expenses

  $6,291,300

  Assets (EOY)

  $69,845,067

• 2013 · 990

  Revenue

  $7,396,662

  Expenses

  $6,683,253

  Assets (EOY)

  $68,640,399

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $5,960,697

  Assets (EOY)

  $61,055,516

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

• TOWSON UNIVERSITY

  $2,697,780

  2023 · SCHOLARSHIPS AND AWARDS PAID TO TOWSON UNIVERSITY FOR VARIOUS STUDENT RECIPIENTS

• TOWSON UNIVERSITY

  $2,574,614

  2022 · SCHOLARSHIPS AND AWARDS PAID TO TOWSON UNIVERSITY FOR VARIOUS STUDENT RECIPIENTS

• TOWSON UNIVERSITY

  $1,937,630

  2023 · SEE SCHEDULE I PART IV

• TOWSON UNIVERSITY

  $1,194,994

  2022 · SEE SCHEDULE I PART IV

• TOWSON UNIVERSITY

  $0

  2023 · EQUIPMENT FOR USE OF TOWSON UNIVERSITY FACULTY AND STUDENTS

• TOWSON UNIVERSITY

  $0

  2022 · EQUIPMENT FOR USE OF TOWSON UNIVERSITY FACULTY AND STUDENTS

Where these grants went next →

Grants received

• NATIONAL PHILANTHROPIC TR

  $661,090

  2022 · EDUCATION

• NATIONAL PHILANTHROPIC TR

  $493,324

  2023 · INTERNATIONAL

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $398,300

  2024 · For grant recipient's exempt purposes

• NATIONAL PHILANTHROPIC TR

  $353,500

  2024 · EDUCATION

• ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE INC

  $337,658

  2022 · GENERAL SUPPORT

• ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE INC

  $317,052

  2023 · GENERAL SUPPORT

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $293,950

  2023 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $287,971

  2022 · For grant recipient's exempt purposes

• SAN FRANCISCO FOUNDATION

  $200,250

  2023 · FOR THE RE-ENTRY SCHOLARSHIPS PROGRAM. FOR GENERAL SUPPORT.

• T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC

  $120,100

  2025 · MULTIPLE

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

California fundraising campaigns

Campaigns run by paid fundraisers, commercial coventurers and thrift stores naming this organization, as California published them. Both figures are as filed, and what the first one counts depends on the campaign type — a coventurer or a thrift store files its own sales rather than money collected for the charity. The 990 reports this only as a yearly total, never per campaign.

• RUFFALO NOEL LEVITZ LLC

  $15,393 raised

  2023 · Commercial Fundraiser

  -$40,040 to charity

Amounts are as filed and do not add up: a commercial coventurer reports one promotion's whole gross once for each charity that shared in it. A campaign may also name more than one registered charity, in which case it appears on each.

Other IRS files