AUBURN UNIVERSITY FOUNDATION
Mission Statement
The Auburn University Foundation was established to develop, support and enhance the educational interests and programs of Auburn University. The Auburn University Foundation (Foundation) is a non-governmental nonprofit organization, separate and distinct from Auburn University. It receives charitable contributions for the benefit of Auburn University and Auburn University Montgomery. The Foundation assures that donations are kept separate from public funds, are invested in a prudent manner and are applied only as directed by the donor. Incorporated in 1960 under the Alabama Nonprofit Corporation Act, the Foundation is recognized by the Internal Revenue Service as exempt from taxation within the meaning of Internal Revenue Code ("IRC") Section 501(c)(3) and is classified as a public charity pursuant to IRC Section 170(b)(l)(A)(vi). Contributions are deductible by donors pursuant to IRC Section 170.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
91.0% | 84.4% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.5% | 13.5% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.5% | 0.7% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1133.9% | 631.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
167.0 mo | 10.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
4.4% | 34.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
74.7% | 87.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-22.2% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-18.1% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
41.0% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $105.9M | $62.5M | $869.6M | 91.0% | 75 |
| 2022 | $136.1M | $76.3M | $769.8M | 93.2% | 84 |
| 2021 | $96.9M | $73.6M | N/A | — | 82 |
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