Purchase College Foundation FY2020 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

The Foundation was incorporated under the not-for-profit laws of the state of new york for the promotion and support of Purchase College, state university of new york. Uniquely, Purchase College combines both renowned and highly selective professional and conservatory arts programs with distinguished liberal arts and sciences programs. The largest programs are in visual arts, music, liberal studies, psychology, dance, biology, journalism and new media.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.4M a year · 18% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Plus $76.4M in investments, Pt X · Ln 11–13
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $70K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
Spent
$7.4M
To programs
81%
Net assets
$77.5M
By yearFY2020–FY2025
Revenue
$5.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$15.7M
FY2022$10.8M
FY2023$3.2M
FY2024$3.2M
FY2025$7.7M
Expenses
$7.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$7.4M
FY2021$4.9M
FY2022$5.0M
FY2023$6.0M
FY2024$7.5M
FY2025$6.8M
Net assets
$77.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$77.5M
FY2021$94.3M
FY2022$82.1M
FY2023$85.5M
FY2024$89.8M
FY2025$94.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $6.0M Management & general 10% · $710K Fundraising 9% · $680K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

26 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Purchase College Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Purchase College's arts and liberal arts programs.

Questions for Purchase College Foundation

Tap to ask. Purchase College Foundation sees how many people are interested.

Your first name shows with your question. Purchase College Foundation answers here, for everyone.

3 programs · $4.4M · in their own filed words · FY2019
01

Institutional scholarships are awarded by the college using funds from the purchase college foundation, as well as other sources. Foundation funds come from the generous contributions of donors to the foundation. These donors are individuals, families, foundations and cororations.

$2.0Mprogram expense
02

The performing arts center, a four theater complex at purchase college is the major professional, not-for-profit arts presenter in southeastern new york-southwestern connecticut region. Presentations include professional artists, special programs for k-12, various special events and presentations by purchase college conservatories of…

$1.8Mprogram expense
03

The neuberger museum of art is the premier museum of modern, contemporary and african art in westchester and fairfield counties. A teaching museum, the neuberger promotes the appreciation and enjoyment of the visual arts as inseparable from an understanding of their place in cultural and intellectual history and their relevance to…

$673Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$70K
Grants paid · 6 grants · $12.1M · 2019–2024
Unitemized GrantFY2024$1,904,765
Unitemized GrantFY2023$2,418,752
Unitemized GrantFY2022$2,299,228
Unitemized GrantFY2021$1,779,038
Unitemized GrantFY2020$1,692,146
Unitemized GrantFY2019$2,006,769

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Investment incomeLn 3$2.2M
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$1.4M
Money outPt IX
$7.4M
Ln 25
Programscol B$6.0M
Managementcol C$710K
Fundraisingcol D$680K
Owns and owesPt X
$77.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$80.5M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$2.2M
Gains on assetsLn 7$975K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$997K
Cash and savings togetherLn 1–2$3.5M
Pledges and grants receivableLn 3$387K
Accounts receivableLn 4$30K
Prepaid expenses and deferred chargesLn 9$29K
InvestmentsLn 11–13$76.4M
Other assetsLn 15$106K
Total assetsLn 16$80.5M
LiabilitiesLn 26$3.0M
Net assetsLn 32$77.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 643
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$235K
Share of the $74.4M endowmentSch D 1g0.32%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$74.4M$77.9M$75.2M$67.6M$60.1M
Given inLn 1b$566K$2.4M$4.0M$1.0M$417K
SpentLn 1d–1f$3.7M$3.7M$3.9M$3.0M$3.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$5.6M$3.5M
InvestmentsLn 11–13$79.2M$76.4M
Land, buildings, equipmentLn 10c$39K$0
Total assetsLn 16$86.3M$80.5M
LiabilitiesLn 26$4.1M$3.0M
Net assetsLn 32$82.2M$77.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.0M$2.0M
Other salaries and wagesLn 7$1.8M$1.3M$213K$250K
Other employee benefitsLn 9$134K$134K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$74K$74K
Investment management feesLn 11f$235K$235K
Other fees for servicesLn 11g$1.5M$1.4M$17K$84K
Office expensesLn 13$886K$620K$38K$228K
TravelLn 17$79K$78K$2K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$34K$2K$32K
Other expenses (24a–d)Ln 24$639K$460K$61K$118K
Total functional expensesLn 25$7.4M$6.0M$710K$680K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 10, 2026 $7.7M$6.8M$913K$94.4M 990 PDF
FY2024Filed with the IRS Feb 6, 2025 $3.2M$7.5M−$4.2M$89.8M 990 PDF
FY2023Filed with the IRS Mar 7, 2024 $3.2M$6.0M−$2.8M$85.5M 990 PDF
FY2022Filed with the IRS Feb 15, 2023 $10.8M$5.0M$5.8M$82.1M 990 PDF
FY2021Filed with the IRS Apr 18, 2022 $15.7M$4.9M$10.9M$94.3M 990 PDF
FY2020 ViewingFiled with the IRS Feb 18, 2021 $5.2M$7.4M−$2.2M$77.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $5,178,065 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,860,662$1,385,211
I-9 Program service revenuePrior year $2,248,963$1,597,159
I-10 Investment incomePrior year $3,367,110$2,195,695
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,476,735$5,178,065
I-13 Grants and similar amounts paidPrior year $2,211,403$2,006,769
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,808,220$1,919,491
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,600,156$3,460,475
I-18 Total expensesPrior year $8,619,779$7,386,735
I-19 Revenue less expensesPrior year $856,956−$2,208,670
Part VI · Governance 15 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,178,065 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,385,211
VIII-1h Total contributions, gifts and grants$1,385,211
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,597,159$1,597,159
VIII-3 Investment incomeExcluded from tax $1,220,665$1,220,665
VIII-7 Net gain or loss on sales of assetsExcluded from tax $975,030$975,030
VIII-12 Total revenueRelated to mission $1,597,159 · Unrelated business $0 · Excluded from tax $2,195,695$5,178,065
Part IX · Statement of functional expenses $7,386,735 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $2,006,769$2,006,769
IX-7 Other salaries and wagesPrograms $1,322,310 · Management $213,103 · Fundraising $250,069$1,785,482
IX-9 Other employee benefitsPrograms $134,009$134,009
IX-11b Legal feesManagement $21,870$21,870
IX-11c Accounting feesManagement $74,325$74,325
IX-11f Investment management feesManagement $235,413$235,413
IX-11g Other fees for servicesPrograms $1,373,460 · Management $17,117 · Fundraising $84,331$1,474,908
IX-13 Office expensesPrograms $620,196 · Management $37,966 · Fundraising $228,079$886,241
IX-17 TravelPrograms $77,641 · Management $1,697$79,338
IX-22 Depreciation, depletion and amortizationManagement $15,134$15,134
IX-23 InsurancePrograms $2,204 · Management $31,839$34,043
IX-24 Other expenses (24a–d)Programs $459,868 · Management $61,496 · Fundraising $117,839$639,203
IX-25 Total functional expensesPrograms $5,996,457 · Management $709,960 · Fundraising $680,318$7,386,735
Part X · Balance sheet $80,455,472 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $4,604,810$2,495,864
X-2 Savings and temporary cash investmentsStart of year $997,374$997,378
X-3 Pledges and grants receivableStart of year $925,598$386,780
X-4 Accounts receivableStart of year $431,187$30,216
X-9 Prepaid expenses and deferred chargesStart of year $31,812$29,021
X-10c Land, buildings and equipment, netStart of year $38,860$0
X-11 Publicly traded securitiesStart of year $59,194,419$49,813,803
X-12 Other securitiesStart of year $20,015,994$26,596,704
X-15 Other assetsStart of year $60,857$105,706
X-16 Total assetsStart of year $86,300,911$80,455,472
X-17 Accounts payable and accrued expensesStart of year $608,184$530,246
X-19 Deferred revenueStart of year $934,367$129,659
X-25 Other liabilitiesStart of year $2,546,429$2,299,191
X-26 Total liabilitiesStart of year $4,088,980$2,959,096
X-27 Net assets without donor restrictionsStart of year $7,338,576$6,455,846
X-28 Net assets with donor restrictionsStart of year $74,873,355$71,040,530
X-32 Total net assets or fund balancesStart of year $82,211,931$77,496,376
X-33 Total liabilities and net assetsStart of year $86,300,911$80,455,472
Part XI · Reconciliation of net assets $77,496,376 net assets at year end
XI-1 Total revenue$5,178,065
XI-2 Total expenses$7,386,735
XI-3 Revenue less expenses−$2,208,670
XI-4 Net assets at start of year$82,211,931
XI-5 Net unrealized gains (losses) on investments−$2,506,885
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$77,496,376

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.