PLATINUM2024

Frostburg State University Foundation

Forging Futures

aka FSU Foundation   |   FROSTBURG, MD   |  https://www.frostburg.edu/foundation/

Mission

The purpose and mission of the Frostburg State University Foundation, Inc. is to foster, encourage, and promote the growth, progress, and general welfare of Frostburg State University through advocacy, fundraising, investment management, and stewardship.

Ruling year info

1971

Executive Director

Mr. John T. Short Jr.

Main address

101 BRADDOCK RD

FROSTBURG, MD 21532 USA

Show more contact info

Formerly known as

Frostburg State College Foundation, Incorporated

EIN

23-7120883

NTEE code info

Higher Education Institutions (B40)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2023, 2022 and 2022.
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Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The purpose and mission of the Frostburg State University Foundation, Inc. is to foster, encourage, and promote the growth, progress, and general welfare of Frostburg State University through advocacy, fundraising, investment management, and stewardship.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Frostburg State University

Advocacy, fundraising, investment management, and stewardship

Population(s) Served
Students
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of scholarship awarded

This metric is no longer tracked.
Totals By Year
Related Program

Frostburg State University

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

fiscal year 7/1 - 6/30

Total dollars received in contributions

This metric is no longer tracked.
Totals By Year
Related Program

Frostburg State University

Type of Metric

Context - describing the issue we work on

Direction of Success

Increasing

Context Notes

Fiscal Year 7/1 - 6/30

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

1. Raise $25 million in total fundraising from 7/1/16 - 12/31/25.
2. Retain and recover donors.

By building relationships with alumni and community members, we can solicit funds to support the university. We employ a balanced fundraising approach that focuses on annual support, corporate sponsorships and matching funds, endowment building, and planned giving vehicles.

Since 1978, the University System of Maryland Foundation has managed and administered funds for the benefit of institutions and foundations affiliated with the University System of Maryland. Their investment objective is to generate returns sufficient to meet spending requirements while preserving the purchasing power of the Endowment over time. The Endowment pool is made up of several thousand individual Endowment funds which support scholarships, research, faculty, academic programs, and various special initiatives.

We have a robust and well-educated staff who are committed to achieving our goals.

At June 30, 2023, the endowment has grown to more than $38.6 million. Approved responsible spending continues to support the university and its students.

1. We have raised $23,140,807 through 6/30/2023.
2. We will hold Bobcat Giving Day on 3/6/2024 which is a great tool to retain and recover donors.

The Foundation provided approximately $3.27 million in total support of Frostburg State University in FY2023, a 40% increase over FY2022. Of the total support, scholarships and other student aid totaled nearly $1.35 million.

Financials

Frostburg State University Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Frostburg State University Foundation

Board of directors
as of 02/27/2024
SOURCE: Self-reported by organization
Board chair

Mr. Patrick Friel

Lochlin Partners

Term: 2023 - 2026

Patrick Friel

Lochlin Partners

Elizabeth A. Rhodes

Robison & Skidmore Professional Real Estate Services

Gregory Getty

Gladys W. Faherty

Jessica L. Masser

Conemaugh Memorial Medical Center

Stephen Beauregard

GoCoin

Maureen T. Brewer

First United Bank & Trust

Thomas N. Creamer

J. Matthew Gilmore

Geppert, McMullen, Paye & Getty

Timi M. Hadra

IBM

Robyn Hager-Sine

Royal V. Hines

Stanley Black & Decker

Marion S. Leonard

Alfred E. Martin

Estelle M. Martin

Larry McKenzie

Allegany County Board of Education

Buster Nelson, Jr.

Buster Nelson Insurance Agency, Inc.

Wayne M. Scott

JetBlue Airlines

Jason A. Sweitzer

Ameriprise Financial

Anthony P. Zook

Rosemary F. Fagler

Weyerhaeuser

Leslie Ludwig

L&L Advisors

Benjamin N. Norris

Frostburg State University

Sandra D. Adams

Anysolv Technologies

Kenneth R. Coffey

Self Regional Healthcare Foundation

Ronald G. Forrester

Donald C. Fry

Michele L. M. Mutschler

U.S. Dept. of Homeland Security

Benjamin N. Norris

Frostburg State University

J. Stokes

U.S. Dept. of the Navy

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/27/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 01/05/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.