Program areas at Francis Marion University Development Foundation
The Foundation, as part of its mission to support the University, is required to operate, maintain, and lease housing facilities for students and faculty. The program service is carried out through the Foundation's single member fmu student housing, llc. All revenue generated by the llc from housing services are managed and held by the Foundation. Housing services are provided primarily during the fall and spring semesters with minor revenues being received for summer semesters, fees and fines and summer camp housing for fmu summer programs.
The Foundation is a program supported agency and acts in accordance with its nonprofit status to provide support to Francis Marion University. All donations in kind or in cash are reported by the supported organization as gifts from the Development Foundation. The Development Foundation provides donations to the education Foundation, which is a related party to Francis Marion University.
Grants made by Francis Marion University Development Foundation
Who funds Francis Marion University Development Foundation
Grants from foundations and other nonprofits
Financials for Francis Marion University Development Foundation
| Revenues | FYE 06/2024 | FYE 06/2023 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $343,100 | -100% |
| Program services | $6,682,063 | $6,301,609 | 6% |
| Investment income and dividends | $414,723 | $85,499 | 385.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $7,096,786 | $6,730,208 | 5.4% |
Organizations like Francis Marion University Development Foundation
| Organization | Type | Location | Revenue |
|---|
| Ashesi University Foundation | 501(c)(3) | Seattle, WA | $13,838,904 |
| Longwood University Foundation | 501(c)(3) | Farmville, VA | $7,289,006 |
| University at Albany Foundation | 501(c)(3) | Albany, NY | $23,832,386 |
| Christopher Newport University Real Estate Foundation | 501(c)(3) | Newport News, VA | $3,844,351 |
| Clarion University Foundation | 501(c)(3) | Clarion, PA | $5,975,115 |
| The Foundation for Indiana University of Pennsylvania | 501(c)(3) | Indiana, PA | $24,261,569 |
| Foundation for Western Washington University and Alumni | 501(c)(3) | Bellingham, WA | $24,719,929 |
| Pennsylvania's State System of Higher Education Foundation | 501(c)(3) | Carlisle, PA | $3,560,509 |
| University of South Dakota Foundation (USDF) | 501(c)(3) | Vermillion, SD | $28,171,802 |
| University of Wisconsin River Falls Foundation | 501(c)(3) | River Falls, WI | $5,145,613 |
Data update history
May 28, 2025
Posted financials
Added Form 990 for fiscal year 2024
May 25, 2025
Updated personnel
Identified 2 new personnel
May 25, 2025
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Tax deductible donationsNo full-time employees
General information
- Address
- PO Box 100547
- Florence, SC 29502
- Metro area
- Florence, SC
- County
- Florence County, SC
- Phone
- (843) 661-1131
IRS details
- EIN
- 20-0118161
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2003
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B43: University or Technological Institute
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Central organization
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