Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1966.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
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
34 people listed on the 990.
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
Raises and manages private donations to support Ferris State University's mission and goals.
Questions for Ferris Foundation
Your first name shows with your question. Ferris Foundation answers here, for everyone.
Our Mission Is Accomplished Through
A comprehensive, aggressive, and ethical private fundraising program targeted toward identified university needs and goals; aggressive, yet prudent, fiscal management of long-term private assets; and enthusiastic and ethical advocacy of the university among all its constituents.
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 38-6115813) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $127.5M | $119.7M | $113.0M | $116.1M | $87.3M |
| AddedLn 1b | $2.0M | $4.8M | $4.8M | $2.5M | $1.6M |
| SpentLn 1d–1f | $5.2M | $4.5M | −$4.2M | −$3.9M | −$2.8M |
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.5M | $3.9M |
| InvestmentsLn 11–13 | $116.0M | $124.7M |
| Total assetsLn 16 | $123.4M | $131.1M |
| LiabilitiesLn 26 | $131K | $275K |
| Net assetsLn 32 | $123.3M | $130.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $7.8M | $7.8M | ||
| Other fees for servicesLn 11g | $446K | $350K | $96K | |
| Advertising and promotionLn 12 | $29K | $29K | ||
| Office expensesLn 13 | $3K | $3K | ||
| Information technologyLn 14 | $12K | $12K | ||
| TravelLn 17 | $22K | $22K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $46K | $46K | ||
| Total functional expensesLn 25 | $8.4M | $7.8M | $467K | $96K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 15, 2026 | $12.6M | $11.4M | $1.1M | $135.0M | 990 PDF |
| FY2024 ViewingFiled with the IRS May 2, 2025 | $10.8M | $8.4M | $2.4M | $130.9M | 990 PDF |
| FY2023Filed with the IRS May 9, 2024 | $8.4M | $7.2M | $1.2M | $123.3M | 990 PDF |
| FY2022Filed with the IRS Jan 20, 2023 | $13.0M | $8.0M | $5.0M | $118.0M | 990 PDF |
| FY2021Filed with the IRS May 5, 2022 | $10.7M | $6.3M | $4.4M | $122.5M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $10,812,102 revenue, 12 lines filed
Part VI · Governance 27 of 29 board members independent, 1 to look at
Part VIII · Statement of revenue $10,812,102 across 8 lines filed
Part IX · Statement of functional expenses $8,371,228 across 8 lines filed
Part X · Balance sheet $131,149,686 assets, 13 lines filed
Part XI · Reconciliation of net assets $130,874,578 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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