Public Charity

THE CCSU FOUNDATION INC

THE CCSU FOUNDATION INC, of NEW BRITAIN, CT, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $12.7M in revenue, $5.9M in expenses, $110.1M in total assets. 50 publicly reported grants to this organization, totaling roughly $1.6M, appear in IRS filings.

EIN: 237354328 NEW BRITAIN, CT Universities NTEE: B43 Latest filing: 2025
Total Revenue$12.7M
Total Expenses$5.9M
Total Assets$110.1M
Grant Records50
Funding Total$1.6M
Filing Years2021–2025

Mission

THE CCSU FOUNDATION, INC. WAS CREATED IN 1971, AT THE REQUEST OF THE UNIVERSITY, AS A VEHICLE TO OBTAIN PRIVATE CONTRIBUTIONS TO SUPPORT EDUCATIONAL PROGRAMS AND RESEARCH AT CENTRAL CONNECTICUT STATE UNIVERSITY.

Where $100 goes at The Ccsu Foundation Inc

How The Ccsu Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$83 Programs the work itself
$17 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $83 for programs

$47
Student support-scholarship funds are administered by the organization in accordance with donor intent and applicable IRS guidelines
57% of program spending
$21
Auxiliary-to assist university with special auxiliary projects when funding would not otherwise be available
25% of program spending
$11
Academic enrichment-assist university with special academic enrichment programs
14% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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

DIRECTOR Alexander Lee
DIRECTOR Anthony S Torsiello
DIRECTOR Curtis Wiggins
DIRECTOR Ed Vescovi
DIRECTOR Janet Nahorney
EXECUTIVE DIRECTOR Jennifer Destefani

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,013,386 24 grants
Education
$175,935 9 grants
Youth Development
$40,464 1 grant
Food Assistance & Nutrition
$27,500 3 grants
Mental Health & Substance Abuse
$22,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $12.7M $5.9M $110.1M
2024 $7.6M $5.0M $102.4M
2023 $5.9M $5.7M $96.2M
2022 $11.7M $5.5M $90.3M
2021 $8.6M $4.1M $99.8M

Between 2021 and 2025, reported annual revenue grew from $8.6M to $12.7M (+48%), with total assets most recently reported at $110.1M.

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

See the full picture for THE CCSU FOUNDATION INC

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