North Carolina State University Foundation Inc
78% goes to programs $9 to raise $100 Strong reserves Growing revenue
North Carolina State University Foundation Inc is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 1949, with $164,944,230 in FY2024 revenue. CharityIndex grades it B+, and it directs about 78% of spending to programs.
Ncsu Box 7207, Raleigh, NC, 27695 EIN 56-6049503 Since 1949
Revenue (FY2024)
$164.9M
▲ 156.3% vs prior year
Education median: $200K
Expenses (FY2024)
$53.8M
Net assets
$901.5M
Employees
117
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating78% to programs · $9 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For North Carolina State University Foundation Inc: 78% to programs · $9 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating201 mo reserves · +67% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For North Carolina State University Foundation Inc: 201 mo reserves · +67% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For North Carolina State University Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For North Carolina State University Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Supports, by financial assistance and otherwise, the various colleges within the university, the libraries, and other university-connected functions.
Contact & location
- Address
- Ncsu Box 7207, Raleigh, NC, 27695
- City
- Raleigh
- State
- North Carolina
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $66.4M (FY2013) to $164.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.1MNet assets $901.5M
Operating margin
67.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$910.7M
Total liabilities
$9.1M
Net assets
$901.5M
Salaries & benefits
$3.8M
7% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $164,944,230▲156% | $53,835,551▲4.4% | $901,537,692▲20.8% | $910,678,206▲20.5% | 990 |
| 2023 | $64,348,548▲24.3% | $51,571,471▲28.9% | $746,363,864▲9.5% | $755,483,708▲9.3% | 990 |
| 2022 | $51,768,749▼1.4% | $40,020,159▲12.5% | $681,755,846▲1.2% | $691,281,957▲1.8% | 990 |
| 2021 | $52,520,062▼41.7% | $35,561,863▲14.2% | $673,508,741▲1.1% | $679,121,022▲1.1% | 990 |
| 2020 | $90,067,707▲153% | $31,131,740▼4.3% | $666,174,276▲43.5% | $671,817,018▲43.0% | 990 |
| 2019 | $35,531,580▲18.6% | $32,528,145▲19.3% | $464,093,548▲0.8% | $469,725,097▲0.7% | 990 |
| 2018 | $29,965,537▼33.8% | $27,256,486▲15.5% | $460,201,594▲5.5% | $466,663,353▲5.0% | 990 |
| 2017 | $45,238,325▼9.0% | $23,606,350▼2.9% | $436,359,139▲14.0% | $444,582,485▲9.8% | 990 |
| 2016 | $49,737,009▲146% | $24,302,136▲21.4% | $382,787,913▲14.3% | $404,829,880▲15.0% | 990 |
| 2015 | $20,253,729▼43.9% | $20,017,339▲8.2% | $334,907,990▼1.6% | $352,020,375▼1.9% | 990 |
| 2014 | $36,133,446▼45.5% | $18,495,855▲5.4% | $340,352,451▲11.7% | $358,664,132▲10.5% | 990 |
| 2013 | $66,351,145 | $17,541,316▲0.2% | $304,599,661▲30.5% | $324,594,333▲28.5% | 990 |
| 2012 | — | $17,505,460▲38.4% | $233,407,090▲68.3% | $252,561,687▲59.6% | 990 |
| 2011 | — | $12,651,462▲23.1% | $138,699,173▲15.2% | $158,238,891▲13.1% | 990 |
| 2010 | — | $10,274,948▲18.6% | $120,359,764▲44.3% | $139,922,069▲57.3% | 990 |
| 2009 | — | $8,665,225 | $83,400,738 | $88,952,274 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Amanda Lloyd | Awards and Grants Committee Chair | 1 | — |
| Anna Sullivan | Director | 1 | — |
| Bentina Terry | Chair/nominations Committee Chair | 1 | — |
| Brian Sischo | Ex Officio Officer President | 1 | — |
| Carme Williams | Director | 1 | — |
| Charles Maimone | Ex Officio Officer Asst. Treasurer | 1 | — |
| Christine Holmes | Ncsif Audit and Finance Chair | 1 | — |
| Corena Norris | Director | 1 | — |
| Dana R Harris | Ex Officio Officer Treasurer | 1 | — |
| Daniel Gunter III | Chair Development Committee | 1 | — |
| David Thompson | Assistant Chair | 1 | — |
| Dean Bunce | Director | 1 | — |
| Derek Bryan | Ex Officio Officer Secretary | 1 | — |
| Erin Delehanty | Ex Officio Officer Asst. Treasurer | 1 | — |
| Herb Bales | Director | 1 | — |
| Jake Hooks | Director | 1 | — |
| James Broschart | Ex-officio Officer Vp Until 3/7/25 | 1 | — |
| John Nunnally | Director | 1 | — |
| Katherine Peele | Director | 1 | — |
| Kevin Howell | Ex-officio Off. Chanc. Since 5/5/25 | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Huron Consulting Services LLC | Consulting | $1,297,055 |
| Salesforce Inc | Crm Software | $582,422 |
| Marketing Communication Resource Inc | Marketing | $533,686 |
| Creative Visions Inc | Marketing | $267,841 |
| Uc Innovation Inc | Crm Software | $232,175 |
Grants received · $219.2M total
192 grants to North Carolina State University Foundation Inc totaling $219.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $30.2M in FY2024
1 grant totaling $30.2M in FY2024. All grants made by North Carolina State University Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| North Carolina State University | Scholarships, faculty support, departmental support and facility support | $30,183,283 |
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Frequently asked questions
- Is North Carolina State University Foundation Inc a legitimate nonprofit?
- Yes. North Carolina State University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6049503, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is North Carolina State University Foundation Inc's EIN?
- North Carolina State University Foundation Inc's Employer Identification Number (EIN) is 56-6049503.
- How much revenue does North Carolina State University Foundation Inc report?
- North Carolina State University Foundation Inc reported $164,944,230 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of North Carolina State University Foundation Inc's spending goes to programs?
- North Carolina State University Foundation Inc spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does North Carolina State University Foundation Inc have?
- CharityIndex grades North Carolina State University Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does North Carolina State University Foundation Inc's highest-paid employee make?
- The highest reported compensation on North Carolina State University Foundation Inc's latest Form 990 is $0, paid to Amanda Lloyd (Awards and Grants Committee Chair).
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Data for North Carolina State University Foundation Inc (EIN 56-6049503) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.