Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
40 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
7 people listed on the 990.
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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 15aNo
Programs and updates
Supports students, academics, and history at the University of Southern California.
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The Foundation awards four academic scholarships to deserving USC students each year and also promotes the academic pursuits of USC students through support of the Wall of Scholars
The Foundation supports the Wall of Scholars project honoring academic excellence at the University of Southern California.
The Foundation supports historical projects at the University of Southern California, including the Mudd Hall carillon and the Class Markers project
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $302K | $506K |
| InvestmentsLn 11–13 | $490K | $667K |
| Total assetsLn 16 | $792K | $1.2M |
| LiabilitiesLn 26 | $0 | $202K |
| Net assetsLn 32 | $792K | $971K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $20K | $20K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $0 | $0 | $0 | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $0 | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $0 | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $0 | $0 | $0 | $0 |
| Payroll taxesLn 10 | $0 | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $6K | $6K | $0 | $0 |
| Advertising and promotionLn 12 | $1K | $0 | $734 | $734 |
| Office expensesLn 13 | $4K | $0 | $2K | $2K |
| Other expenses (24a–d)Ln 24 | $34K | $0 | $34K | $0 |
| Total functional expensesLn 25 | $65K | $26K | $37K | $3K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $94K | $52K | $43K | $1.5M | 990 PDF |
| FY2023 | $55K | $45K | $11K | $1.2M | 990 PDF |
| FY2022 | $103K | $53K | $50K | $1.1M | 990 PDF |
| FY2021 | $203K | $56K | $148K | $1.1M | 990 PDF |
| FY2020 Viewing | $446K | $65K | $381K | $971K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $445,856 across 11 lines filed
Part IX · Statement of functional expenses $65,166 across 14 lines filed
Part X · Balance sheet $1,173,120 assets, 17 lines filed
Part XI · Reconciliation of net assets $970,620 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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