Clemson University Foundation

Analysis

Clemson University Foundation is a registered charity in United States, based in Clemson, SC. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clemson University Foundation reported income of $75.0m and spending of $47.1m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $57.4m to $75.0m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clemson University Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Effective Ventures Foundation USA ($75.0m), Georgia State University Foundation Inc ($75.1m) and Lindsey Wilson University Inc ($74.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $1.6m (3.4% of expenses). Other salaries and wages came to $873k. It paid $233k in professional fundraising fees. At year end it held assets of $1.31bn against liabilities of $382.6m, net assets of $925.6m. It reported 19 employees.