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Fairmont State Foundation Inc.

Fairmont State Foundation Inc.

Fairmont, WV 26555
Tax ID55-6023559

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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.

About this organization

Revenue

$5,265,955

Expenses

$2,701,443

Mission

Scholarships and other financial support to Fairmont State University students and faculty

About

Support for Fairmont State University students and faculty in providing scholarships, loans, and funding matching requirements

Interesting data from their 2020 990 filing

The filing reveals the mission of the non-profit as “To solicit, receive, manage, and administer gifts on behalf of fairmont state university”.

When detailing its functions, they were listed as: “Scholarships and other financial support to fairmont state university students and faculty”.

  • According to the law, the state where the non-profit operates has been reported as WV.
  • The filing specifies that the non-profit's address in 2020 was 1300 LOCUST AVENUE, FAIRMONT, WV, 26555.
  • As of 2020, the non-profit's form shows they have a total of 10 employees.
  • 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 $2,564,512.
  • The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
  • The organization has 20 independent voting members.
  • The organization was formed in 1960.
  • 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 O.
  • The organization pays $361,493 in salary, compensation, and benefits to its employees.
  • The organization pays $215,254 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.