Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1937.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
50 people listed on the 990; $5.8M paid to officers and key staff.
Robert Richey’s $760K as Men's Head Basketball Coach is at the 64th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Elizabeth Davis | $633,775 | $622,355 | $859,371 | $497,848 | $498,748 | $536,840 |
| Robert Richey | $760,270 | $645,722 | $397,228 | $378,544 | $383,693 | $280,206 |
| Susan Maddux | $415,651 | $406,909 | $350,377 | $271,001 | $237,905 | $262,690 |
| Clayton Hendrix | $387,885 | $321,204 | — | $272,860 | $269,462 | $282,194 |
| Robert Kenney | $317,843 | $292,226 | $273,490 | — | — | — |
| Jason Donnelly | $315,039 | $304,486 | $275,481 | $243,481 | $249,593 | $123,833 |
| Thomas Evelyn II | $303,631 | — | — | — | — | — |
| Beth Pontari | $303,493 | $265,647 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Provides undergraduate higher education that combines classroom learning with real-world experiences, supported by campus housing, dining, and recreational facilities.
Questions for Furman University
Your first name shows with your question. Furman University answers here, for everyone.
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Instruction of students in both undergraduate and graduate programs. A personalized four-year pathway for students instituted by the furman advantage includes high impact, engaged learning through research, internships, and study abroad programs. Scholarships are awarded to eligible students based on financial need and academic merit.
Student services includes intercollegiate athletics, intramural and club sports, enrollment management, student government and a large variety of student organizations, services and activities.
The university conducted auxiliary enterprises for the convenience of students, faculty, staff and the at-large community. These auxiliary enterprises include student housing, dining services, golf course, sports arena and conference center.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $11.6M | $12.3M |
| InvestmentsLn 11–13 | $756.4M | $793.6M |
| Land, buildings, equipmentLn 10c | $312.1M | $383.3M |
| Total assetsLn 16 | $1.40B | $1.45B |
| LiabilitiesLn 26 | $269.3M | $269.7M |
| Net assetsLn 32 | $1.13B | $1.18B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $349K | $349K | ||
| Grants to domestic individualsLn 2 | $92.6M | $92.6M | ||
| Pay of current officers, directors and key staffLn 5 | $3.8M | $1.4M | $2.1M | $306K |
| Other salaries and wagesLn 7 | $64.9M | $55.7M | $6.6M | $2.6M |
| Pension plan contributionsLn 8 | $5.7M | $4.7M | $717K | $241K |
| Other employee benefitsLn 9 | $13.6M | $10.1M | $3.0M | $446K |
| Payroll taxesLn 10 | $5.3M | $4.4M | $665K | $223K |
| Management feesLn 11a | $124K | $124K | ||
| Legal feesLn 11b | $453K | $453K | ||
| Accounting feesLn 11c | $155K | $155K | ||
| Investment management feesLn 11f | $2.3M | $2.3M | ||
| Other fees for servicesLn 11g | $6.9M | $5.3M | $1.4M | $121K |
| Advertising and promotionLn 12 | $1.2M | $572K | $334K | $317K |
| Office expensesLn 13 | $2.9M | $2.5M | $232K | $105K |
| Information technologyLn 14 | $5.8M | $4.3M | $1.2M | $326K |
| OccupancyLn 16 | $1.6M | $34K | $1.6M | |
| TravelLn 17 | $10.6M | $10.2M | $202K | $160K |
| Conferences, conventions and meetingsLn 19 | $2.9M | $2.3M | $437K | $211K |
| InterestLn 20 | $7.3M | $8.5M | −$1.2M | |
| Depreciation, depletion and amortizationLn 22 | $17.1M | $15.9M | $1.2M | |
| Other expenses (24a–d)Ln 24 | $34.0M | $30.8M | $3.0M | $168K |
| All other expensesLn 24e | $466K | $421K | $45K | |
| Total functional expensesLn 25 | $280.1M | $250.2M | $24.6M | $5.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $296.9M | $280.1M | $16.8M | $1.2B | 990 PDF |
| FY2024 | $288.9M | $270.1M | $18.8M | $1.1B | 990 PDF |
| FY2023 | $223.2M | $256.1M | −$32.9M | $1.1B | 990 PDF |
| FY2022 | $253.4M | $239.5M | $13.8M | $1.1B | 990 PDF |
| FY2021 | $303.6M | $213.7M | $89.9M | $1.2B | 990 PDF |
| FY2020 | $208.1M | $233.1M | −$25.0M | $931.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $296,850,871 revenue, 12 lines filed
Part VI · Governance 31 of 31 board members independent, no flags
Part VIII · Statement of revenue $296,850,871 across 13 lines filed
Part IX · Statement of functional expenses $280,054,127 across 22 lines filed
Part X · Balance sheet $1,449,547,125 assets, 21 lines filed
Part XI · Reconciliation of net assets $1,179,839,563 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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