Public Information Policy
Colorado State University Foundation – Overview
Colorado State University Foundation, a not-for-profit corporation, was incorporated in 1970 for the following purposes:
- to assist in the promotion, development, and enhancement of the facilities and educational programs and opportunities of the faculty, students, and alumni of Colorado State University and;
- to receive, manage, and invest contributions, gifts, and bequests and apply the principal or income generated therefrom exclusively for charitable, scientific, literary, or educational purposes which will directly or indirectly aid and benefit Colorado State University.
Colorado State University Foundation (“the Foundation”) is recognized as a 501(c)(3) tax-exempt organization under the Internal Revenue Code. The Foundation is legally separate from Colorado State University.
Board of Directors
The Board of Directors of the Foundation consists of five voting members and three ex-officio, non-voting members.
Voting Members: Voting board members consist of four community members and the President of the Foundation.
Non-voting Members: Non-voting board members consist of the President of Colorado State University, the Vice President for University Operations, and the Vice President for University Advancement.
Statement of Independence
Colorado State University Foundation is an institutionally related foundation to Colorado State University. Its primary role is to provide administrative structure and guidance in establishing and maintaining gift funds, investing gift funds, and distributing funds to Colorado State University for expenditure. Executed annually, an operating agreement defines each entity’s role and outlines the relationship between the two entities to ensure adequate separation and governance.
Independent Financial Audit
The Foundation is audited annually at the end of its June 30 fiscal year. As an “affiliate organization” to Colorado State University, the independent auditors are approved on an annual basis by the State of Colorado, Office of the State Auditor.
Audited financial statements for the most recent three years are available below:
Fiscal year ended:
IRS Form 990 – Return of Organization Exempt from Income Tax
As a 501(c)(3) not-for-profit corporation, the Foundation is required to submit an annual tax return to the Internal Revenue Service that outlines revenues, changes in net assets, operational expenses, and information relating to audited financial statements. The public Form 990 files can be viewed below:
Tax year ended: