Overview
What is Towson University Foundation Inc?
Towson University Foundation Inc, based in Towson, Maryland, is a nonprofit organization dedicated to raising, investing, and disbursing funds for the benefit of Towson University. Their mission is to manage and administer property of all kinds, either given absolutely or by trust, agency, or otherwise, for the promotion of Towson University and its educational and support activities. The foundation is committed to providing students with opportunities to obtain a liberal education, developing critical thinking skills, literacy, and the ability to engage in diverse discussions. To make these opportunities accessible, they offer scholarships and cash awards to deserving students, totaling over $2.2 million in 1,161 separate awards in the fiscal year ending June 30, 2022. In addition to this, 22 students received emergency awards totaling $14,125. The foundation's work is crucial as state funding now accounts for less than a third of the cost of a Towson University education. With the help of generous donors, today's students and tomorrow's leaders can meet their financial obligations. The organization employs a team of four individuals to carry out its mission.
Official website here: www.tufoundation.org
Is Towson University Foundation Inc legitimate?
Towson University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Towson University Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $153,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,328
For more financial information, click here
Official website here: www.tufoundation.org
What is the mission statement of Towson University Foundation Inc?
The Towson University Foundation Inc is dedicated to raising, investing, and disbursing funds for the benefit of Towson University. Its mission is to manage and administer property of all kinds, whether given absolutely, in trust, or by way of agency, to support and promote the university and its educational and support activities. The foundation is committed to providing students with opportunities for a liberal education, enabling them to think critically, be literate and informed, and develop the ability to take responsibility in a changing world. Due to the decreasing state funding for university education, private funding from generous donors becomes increasingly essential, allowing students to meet their financial obligations and pursue their education. In the fiscal year ending June 30, 2022, the foundation made 1,161 separate scholarship awards to deserving students, totaling $2,201,748. Additionally, 22 students received emergency awards, totaling $14,125.
Official website here: www.tufoundation.org
Who is the CEO of Towson University Foundation Inc?
John J Mease Jr is the President of Towson University Foundation Inc.
Official website here: www.tufoundation.org
What is the revenue of Towson University Foundation Inc?
Towson University Foundation Inc's revenue in 2022 was $17,012,996.
Official website here: www.tufoundation.org
Who are the executives of Towson University Foundation Inc and what are their salaries?
The average compensation at Towson University Foundation Inc during 2022 was $89,584. There are 4 employees and 26 volunteers at Towson University Foundation Inc.
Here are 21 key members and their salaries:
- John J Mease Jr (Vice President/ Cfo)
- J William Murray (President) [Trustee/Director]
- Kim A Fabian (Vice President) [Trustee/Director]
- Edna Primrose (Vice President) [Trustee/Director]
- Salvatore Correnti (Vice President) [Trustee/Director]
- David M Vahos (Vice President) [Trustee/Director]
- Christopher J Cavallaro (Secretary) [Trustee/Director]
- Christopher S Evans (Treasurer) [Trustee/Director]
- Raymond J Brusca (Director)
- Thomas Coard (Director)
- Ira W Cox (Director)
- Douglas F Erdman (Director)
- Paul-Sean Gray (Director)
- Anthony Hamlett Sr (Director)
- Stephanie Johnson (Director)
- Eric M Kruk (Director)
- Theresa A Lawler Esq (Director)
- Edward Mcdonald (Director)
- Rosemary Meyer (Director)
- Howard J Rosen Cpa (Director)
- Shanna N Warburton-Barnes (Director)
Official website here: www.tufoundation.org
Where can I find the form 990 for Towson University Foundation Inc?
The Towson University Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.tufoundation.org
Learn more at the official website: www.tufoundation.org
Mission Statement of Towson University Foundation Inc
Towson University Foundation Inc, a nonprofit organization, is dedicated to raising, investing, and disbursing funds for the benefit of Towson University. Its mission is to manage and administer property of all kinds, either given absolutely, in trust, or by way of agency, for the promotion of Towson University and its educational and support activities.
The foundation is committed to providing students with the opportunity to obtain a liberal education, helping them develop critical thinking skills, literacy, and the ability to articulate ideas from multiple perspectives. With the cost of a Towson University education now accounting for less than a third of state funding, private funding from generous donors enables students to meet their financial obligations and become tomorrow's leaders.
As of June 30, 2022, the foundation had 338 endowed scholarships and awarded additional cash awards to deserving students from existing operating funds. In the fiscal year ending June 30, 2022, the foundation made 1,161 separate scholarship awards to students, totaling $2,201,748. Additionally, 22 students received a total of $14,125 in emergency awards, with individual awards ranging from $50 to $400. The foundation's efforts play a crucial role in supporting the academic pursuits of students at Towson University.
Impact
This information is meant to be a general summary of Towson University Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Towson University Foundation Inc's impact is substantial and far-reaching. Through its efforts to raise, invest, and disburse funds for the benefit of Towson University, the foundation plays a crucial role in providing educational opportunities for students. The focus on scholarships and awards ensures that students have the chance to obtain a liberal education, developing critical thinking skills, literacy, and the ability to engage with diverse perspectives.
As of June 30, 2022, the foundation had 338 endowed scholarships and awarded additional cash awards to deserving students. This support is vital, especially as state funding covers less than 1/3 of the cost of a Towson University education. In the fiscal year ending June 30, 2022, the foundation awarded 1,161 separate scholarships totaling $2,201,748. Additionally, 22 students received emergency awards, demonstrating the foundation's commitment to assisting students in need.
By providing financial assistance, the Towson University Foundation Inc empowers today's students and future leaders to meet their educational obligations and pursue their academic goals. This commitment to supporting education aligns with the foundation's mission to benefit and promote Towson University's educational activities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES/MISC/CERAMIC GUILD
Revenue
$100,714
MEMBERSHIP FEES
Revenue
$23,869
Organization Details
Founding Year
1970
Phone
(410) 704-2040
Principal Officer
John J Mease Jr
Main Address
8000 YORK ROAD, TOWSON, MD, 212520001
Website
www.tufoundation.org
NTEE Category
Code: B110 - Education
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