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Michigan State University Foundation

Michigan State University Foundation

East Lansing, MI 48823
Tax ID23-7326030

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About this organization

Revenue

$31,660,320

Expenses

$44,407,805

Mission

Created in 1973, the Michigan State University Foundation is a non-profit research foundation focused on helping Michigan State University achieve its objectives related to economic development. The Michigan State University Foundation manages a $400 million endowment, built from decades of licensing revenue, and provides over $10 million in research funding to Michigan State University annually. The Michigan State University Foundation actively manages programs for new enterprise creation, early stage venture funds, and real estate assets such as incubators and the University Health Park that further drive an entrepreneurial ecosystem in East Lansing.

About

Granting funds to advance research and the university's scholarly infrastructure of teaching and dissemination of new knowledge, underwriting MSU's work in technology commercialization, developing, scaling and de-risking bio-based technologies through MBI International, a wholly-owned foundation subsidiary, fostering the creation of startup enterprises originating from MSU through the foundation's Spartan Innovations subsidiary, and providing facilities and building sites at the University Corporate Research Park for technology enterprises, university technology-development initiatives, and university/industry collaborations.

Interesting data from their 2019 990 filing

The purpose of the non-profit is stated in the filing as “To provide support for the board of trustees of michigan state university and to promote, sponsor, assist, and carry out educational, scientific, charitable and related activities and objectives of michigan state university.”.

Their activities were defined as: “To provide support for the board of trustees of michigan state university and to promote, sponsor, assist, and carry out educational, scientific, charitable and related activities and objectives of michigan state university.”.

  • As per legal requirements, the non-profit's state of operation is reported as MI.
  • The non-profit's address in 2019 as per the filing is 375 E GRAND RIVER AVENUE, EAST LANSING, MI, 48823.
  • The form of the non-profit organization shows 18 employees as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$12,747,485.
  • The compensation policy for the CEO of the organization is established through an impartial evaluation and endorsement.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has a foreign financial account.
  • The organization has 18 independent voting members.
  • The organization was formed in 1973.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $3,298,800 in salary, compensation, and benefits to its employees.
  • The organization pays $248,285 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.