The Florida State University Foundation
The Florida State University Foundation reported $123.9 million in revenue and $87.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $62.99 went to program services, $32.47 to management and general costs and $4.54 to fundraising. Its largest source of revenue was investment income: 49.8% of the total. The highest compensation it reported for one person was $1,694,587 (Trustee/Ex Officio Voting, FSU President). Revenue rose 116% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $88MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $124MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 63.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 32.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 48.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,694,587 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.94% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 155.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 27 of 30 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Florida State University Foundation expends funds for purposes that enhance the academic mission of Florida State University. Academic support includes salaries, scholarships & fellowships, research, capital funding, equipment & supplies, travel, and other expenses. This support helps the university's outstanding faculty inspire students, foster and enhance strong academic programs, and serve as a key element to institutional greatness. Eminent scholars and professorships are prestigious positions held by the university's most accomplished faculty. Spending to support these positions…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Trustee/Ex Officio Voting, FSU President Director/trustee, 1.0 hrs/week | $0 | $1,558,470 | $136,117 | $1,694,587 |
| Former Interim Foundation President Former, 0.0 hrs/week | $0 | $494,799 | $46,997 | $541,796 |
| VP for University Advancement & Foundation President Officer, 10.0 hrs/week | $0 | $479,872 | $44,994 | $524,866 |
| Trustee/Ex Officio Voting, Provost-Appointed Dean Director/trustee, 1.0 hrs/week | $0 | $392,944 | $62,709 | $455,653 |
| Associate VP of Advancement, Colleges, Schools and Units Highest compensated employee, 40.0 hrs/week | $0 | $305,208 | $63,260 | $368,468 |
| Sr. Director of Development, The John and Mable Ringling Museum of Art Highest compensated employee, 40.0 hrs/week | $0 | $245,237 | $38,953 | $284,190 |
| CFO/Assistant Treasurer Officer, 38.0 hrs/week | $0 | $185,449 | $87,921 | $273,370 |
| Sr. Director of Development, College of Medicine Highest compensated employee, 40.0 hrs/week | $0 | $209,331 | $43,434 | $252,765 |
0 people received more than $100,000 in reportable compensation from The Florida State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $431K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b30 · 27 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 6402
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Cambridge Associates LLC Investment Consulting | $1,873,296 |
| Huron Consulting Services LLC Software Consulting | $391,866 |
| CDW Government Computer Supply | $297,806 |
| Grenzebach Glier & Associates Inc Campaign Consulting | $187,004 |
| Bank of New York Banking Services | $158,520 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
39 private foundations reported grants to The Florida State University Foundation totaling $5.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Florida State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Florida State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Florida State University Foundation spent in FY2025, $62.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- LeTourneau UniversityLongview, TX · revenue $124M · programs 82.4% · FY2025
- University of EvansvilleEvansville, IN · revenue $124M · programs 91.8% · FY2025
- Tiger Athletic FoundationBaton Rouge, LA · revenue $124M · programs 88.4% · 2024
- Grove City CollegeGrove City, PA · revenue $125M · programs 80.2% · FY2025
- University of Wyoming FoundationLaramie, WY · revenue $124M · programs 63.8% · FY2025
Questions people ask
How much of The Florida State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, The Florida State University Foundation reported that 63.0% of its $87.6 million in expenses went to program services, 32.5% to management and general and 4.5% to fundraising (Form 990, Part IX).
How much does The Florida State University Foundation pay its top executive?
The largest total compensation The Florida State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,694,587, for the role of Trustee/Ex Officio Voting, FSU President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Florida State University Foundation get its money?
Of $123.9 million in revenue in the fiscal year ending June 30, 2025, 48.5% came from contributions and grants (including 1.5% from government grants) and 1.3% from program service revenue (Form 990, Part VIII).
Is The Florida State University Foundation a registered charity?
The IRS lists EIN 59-6152180 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641279349304614 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511329349301041 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431069349301128 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331179349300043 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201119349300125 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101139349300400 · read the filing
All filings for EIN 59-6152180: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.