L S U Foundation FY2022 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Since 1960EducationEIN 72-6020969

The LSU foundation cultivates and invests in philanthropic partnerships to support and advance lsu's academic priorities.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $41.2M a year · 41% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $282K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$143.9M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$173.9M
+139% vs prior year
Spent
$48.7M
To programs
77%
Net assets
$682.0M
By yearFY2020–FY2024
Revenue
$173.9M
FY2022▲ +139%
Revenue by fiscal year
FY2020$64.8M
FY2021$72.7M
FY2022$173.9M
FY2023$107.4M
FY2024$81.9M
FY2024$121.1M
Expenses
$48.7M
FY2022▲ +14%
Expenses by fiscal year
FY2020$48.7M
FY2021$42.8M
FY2022$48.7M
FY2023$54.9M
FY2024$99.4M
FY2024$70.4M
Net assets
$682.0M
FY2022▲ +5%
Net assets by fiscal year
FY2020$522.5M
FY2021$650.7M
FY2022$682.0M
FY2023$736.0M
FY2024$770.4M
FY2024$852.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1963.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $37.4M Management & general 9% · $4.3M Fundraising 14% · $7.0M

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

Who runs it and what they're paid

41 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO
$361,218Pt VII · Sec A
Chief Financial Officer
$210,555Pt VII · Sec A
Senior VP of Development
$207,763Pt VII · Sec A
VP & General Counsel
$180,025Pt VII · Sec A
Assistant VP of Talent Management
$170,970Pt VII · Sec A
Avp - Communications & Marketing
$141,762Pt VII · Sec A
Exec Dir - Industry Engagement
$135,578Pt VII · Sec A
Interim Crm Conversion Director
$133,550Pt VII · Sec A

Robert M Stuart JR’s $423K as President & CEO is at the 28th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Robert M Stuart JR$423,073$418,363$393,865$361,218$282,750—
J Bryan Benchoff————$312,114$343,770
Krista Allen Raney$288,026$274,993$262,842$207,763$178,776$151,348
Kate Spikes$260,919$264,621$229,489$210,555$194,899$204,755
Leu Anne Greco$206,331$198,206$187,769$180,025$169,961$173,854
Ann Marie Marmande-Frenzel—————$195,502
Daniel Bozard————$155,897$188,879
Sonja Yvette Marsh$188,513$182,196$176,063$170,970$164,862—

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.

See L S U Foundation executive salaries →

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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

Raises and manages philanthropic funds to support Louisiana State University's academic priorities, faculty chairs, professorships, and scholarly activities.

Provided by the organization

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3 program services account for $29.7M of program spending, described in the organization's own filed words · FY2021.
01

Academic and Research Activities

Operational support expenses to supplement state funding and aid the academic colleges of the university as well as the agricultural center in accomplishing lsu's mission.

$15.3Mprogram expense
02

Scholarships and Fellowships

Financial support to undergraduate and graduate students through approximately 2,200 available scholarships and fellowships.

$9.9Mprogram expense
03

Chairs and Professorships

Expenses to directly support the scholarly activities of over 850 specifically designated chairs and professorships available to lsu's distinguished faculty.

$4.6Mprogram expense

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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
See all 10 funders →
Grants paid · 6 grants · $220.3M · 2019–2024
Louisiana State University and A&mLA · FY2024$39,511,139
Louisiana State University and A&mLA · FY2023$71,811,933
Louisiana State University and A&mLA · FY2022$30,613,221
Louisiana State University and A&mLA · FY2021$27,872,280
Louisiana State University and A&mLA · FY2020$26,449,796
Louisiana State University and A&mLA · FY2019$24,046,724

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$173.9M
Ln 12
Gifts and grantsLn 1h$119.3M
Investment incomeLn 3$53.0M
Other incomeLn 4–11$1.6M
Money outPt IX
$48.7M
Ln 25
Programscol B$37.4M
Managementcol C$4.3M
Fundraisingcol D$7.0M
Owns and owesPt X
$682.0M
net assets · Ln 32
Cash and savingsLn 1–2$75.2M
Total assetsLn 16$825.9M
LiabilitiesLn 26$143.9M
PeoplePt VI, VII
41
listed · VII A
PaidVII A10
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$119.3M
Noncash giftsLn 1g$3.9M
Fundraising eventsLn 1c$290K
Investment incomeLn 3$53.0M
Other incomeLn 4–11$1.6M
Gains on assetsLn 7$50.0M
Total revenueLn 12$173.9M
Assets in detailPt X, end of year
SavingsLn 2$75.2M
Cash and savings togetherLn 1–2$75.2M
InvestmentsLn 11–13$658.2M
Land, buildings, equipmentLn 10c$5.8M
Other assetsLn 15$19.0M
Total assetsLn 16$825.9M
LiabilitiesLn 26$143.9M
Net assetsLn 32$682.0M
OperationsPt I, VI
EmployeesI 5123
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$102.5M$75.2M
InvestmentsLn 11–13$644.9M$658.2M
Land, buildings, equipmentLn 10c$5.0M$5.8M
Total assetsLn 16$804.2M$825.9M
LiabilitiesLn 26$153.6M$143.9M
Net assetsLn 32$650.7M$682.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$27.9M$27.9M
Pay of current officers, directors and key staffLn 5$1.3M$848K$455K
Other salaries and wagesLn 7$6.1M$41K$1.7M$4.3M
Pension plan contributionsLn 8$383K$4K$141K$238K
Other employee benefitsLn 9$906K$27K$258K$622K
Payroll taxesLn 10$497K$3K$173K$321K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$112K$112K
Investment management feesLn 11f$192K$192K
Other fees for servicesLn 11g$1.3M$1.2M$51K$47K
Advertising and promotionLn 12$107K$107K
Office expensesLn 13$2.5M$2.1M$139K$190K
Information technologyLn 14$563K$358K$109K$96K
OccupancyLn 16$323K$98K$138K$87K
TravelLn 17$666K$656K$4K$6K
Conferences, conventions and meetingsLn 19$366K$222K$93K$50K
Payments to affiliatesLn 21$2.3M$2.3M$57K
Depreciation, depletion and amortizationLn 22$107K$107K
InsuranceLn 23$289K$37K$153K$99K
Other expenses (24a–d)Ln 24$2.9M$2.3M$61K$500K
Total functional expensesLn 25$48.7M$37.4M$4.3M$7.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $81.9M$99.4M−$17.6M$770.4M 990 PDF
FY2023 $107.4M$54.9M$52.5M$736.0M 990 PDF
FY2022 Viewing $173.9M$48.7M$125.2M$682.0M 990 PDF
FY2021 $72.7M$42.8M$30.0M$650.7M 990 PDF
FY2020 $64.8M$48.7M$16.2M$522.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $173,876,806 across 10 lines filed
VIII-1c Fundraising events$290,131
VIII-1f All other contributions, gifts and grants$118,981,107
VIII-1g Noncash contributions (included above)$3,859,434
VIII-1h Total contributions, gifts and grants$119,271,238
VIII-3 Investment incomeExcluded from tax $2,979,615$2,979,615
VIII-5 RoyaltiesExcluded from tax $129,788$129,788
VIII-7 Net gain or loss on sales of assetsExcluded from tax $50,003,782$50,003,782
VIII-8 Net income from fundraising eventsExcluded from tax $10,663$10,663
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,481,720$1,481,720
VIII-12 Total revenueRelated to mission $1,481,720 · Unrelated business $0 · Excluded from tax $53,123,848$173,876,806
Part IX · Statement of functional expenses $48,702,677 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $27,872,280$27,872,280
IX-5 Pay of current officers, directors and key staffManagement $848,113 · Fundraising $455,073$1,303,186
IX-7 Other salaries and wagesPrograms $40,578 · Management $1,721,998 · Fundraising $4,303,288$6,065,864
IX-8 Pension plan contributionsPrograms $3,512 · Management $141,081 · Fundraising $238,023$382,616
IX-9 Other employee benefitsPrograms $26,560 · Management $258,266 · Fundraising $621,524$906,350
IX-10 Payroll taxesPrograms $2,948 · Management $172,562 · Fundraising $321,017$496,527
IX-11b Legal feesPrograms $3,748$3,748
IX-11c Accounting feesManagement $111,565$111,565
IX-11f Investment management feesManagement $191,782$191,782
IX-11g Other fees for servicesPrograms $1,187,088 · Management $50,827 · Fundraising $47,437$1,285,352
IX-12 Advertising and promotionPrograms $106,957$106,957
IX-13 Office expensesPrograms $2,128,824 · Management $138,592 · Fundraising $190,083$2,457,499
IX-14 Information technologyPrograms $358,100 · Management $109,438 · Fundraising $95,843$563,381
IX-16 OccupancyPrograms $98,243 · Management $137,708 · Fundraising $87,339$323,290
IX-17 TravelPrograms $655,911 · Management $4,351 · Fundraising $5,509$665,771
IX-19 Conferences, conventions and meetingsPrograms $222,034 · Management $93,421 · Fundraising $50,380$365,835
IX-21 Payments to affiliatesPrograms $2,274,463 · Management $56,878$2,331,341
IX-22 Depreciation, depletion and amortizationPrograms $106,548$106,548
IX-23 InsurancePrograms $36,798 · Management $153,059 · Fundraising $99,056$288,913
IX-24 Other expenses (24a–d)Programs $2,312,639 · Management $61,405 · Fundraising $499,828$2,873,872
IX-25 Total functional expensesPrograms $37,437,231 · Management $4,251,046 · Fundraising $7,014,400$48,702,677
Part X · Balance sheet $825,892,605 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $102,483,725$75,219,192
X-3 Pledges and grants receivableStart of year $30,169,649$66,649,126
X-4 Accounts receivableStart of year $792,987$880,994
X-9 Prepaid expenses and deferred chargesStart of year $72,623$115,487
X-10c Land, buildings and equipment, netStart of year $5,000,254$5,814,391
X-11 Publicly traded securitiesStart of year $245,522,001$280,767,702
X-12 Other securitiesStart of year $399,353,225$377,436,222
X-15 Other assetsStart of year $20,854,919$19,009,491
X-16 Total assetsStart of year $804,249,383$825,892,605
X-17 Accounts payable and accrued expensesStart of year $2,146,768$3,851,571
X-19 Deferred revenueStart of year $1,776,408$1,991,604
X-25 Other liabilitiesStart of year $149,656,864$138,084,707
X-26 Total liabilitiesStart of year $153,580,040$143,927,882
X-27 Net assets without donor restrictionsStart of year $35,960,907$36,798,156
X-28 Net assets with donor restrictionsStart of year $614,708,436$645,166,567
X-32 Total net assets or fund balancesStart of year $650,669,343$681,964,723
X-33 Total liabilities and net assetsStart of year $804,249,383$825,892,605
Part XI · Reconciliation of net assets $681,964,723 net assets at year end
XI-1 Total revenue$173,876,806
XI-2 Total expenses$48,702,677
XI-3 Revenue less expenses$125,174,129
XI-4 Net assets at start of year$650,669,343
XI-5 Net unrealized gains (losses) on investments−$93,878,748
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$681,964,723

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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