Public Charity

Albany State University Foundation Inc

Albany State University Foundation Inc is a Public Charity headquartered in Albany, GA. Financial data from the 2025 filing: $3.9M revenue, $3.0M expenses, $11.6M total assets. 48 publicly reported grants to this organization, totaling roughly $3.3M, appear in IRS filings.

EIN: 237032763 Albany, GA Public & Societal Benefit NTEE: W Latest filing: 2025
Total Revenue$3.9M
Total Expenses$3.0M
Total Assets$11.6M
Grant Records48
Funding Total$3.3M
Filing Years2020–2025

Mission

The Albany State University Foundation, Inc. enhances the academic vision and priorities of ASU through its organized fundraising activities and funds management. The Foundation, a non-profit corporation, is governed by an elected Board of Trustees, whose members serve as advocates for the University and its colleges, schools and programs. Private support funds scholarships, eminent scholar chairs, professorships and the innovative programs that distinguish ASU as an exceptional institution. We know it is our generous donors who will sustain our tradition of academic excellence.

Where $100 goes at Albany State University Foundation Inc

How Albany State University Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$93 Programs the work itself
$6 Management running the organization
$1 Fundraising raising the next dollar

Inside the $93 for programs

$93
Received and managed funds provided to Albany State University to be used for financial assistance to qualified university students
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Secretary Bruce Melton
Board Member Daniel Simmons
Board Member Graham Edwards
Chairman Gregory Hylick
Interim President of ASU Lawrence Drake Iii
Board Member Maria Boynton

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$671,606 19 grants
Education
$494,559 20 grants
Health & Medicine
$186,843 1 grant
Unspecified
$1,962,487 7 grants

Financial Trends

Year Revenue Expenses Assets
2025 $3.9M $3.0M $11.6M
2024 $2.0M $907K $10.2M
2023 $1.6M $1.3M $8.7M
2021 $1.5M $2.2M $7.8M
2020 $3.2M $3.0M $46.4M

Between 2020 and 2025, reported annual revenue grew from $3.2M to $3.9M (+22%), with total assets most recently reported at $11.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Albany State University Foundation Inc

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