THE MISSION OF THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC. IS TO ENCOURAGE, PROMOTE, AND PROVIDE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF FLORIDA ATLANTIC UNIVERSITY (A PART OF THE FLORIDA STATE UNIVERSITY SYSTEM) IN FURTHERANCE OF ITS (CONTINUED ON SCHEDULE O) MISSIONS AND PURPOSES AND TO SECURE THE APPLICATION OF THESE FUNDS IN THE BEST MANNER ADAPTED TO THE CONDITIONS OF TIME AND TO THE NEEDS OF FAU.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$462.8M
+5.9% YoY
Annual Giving
$39.0M
Grant Count
4
Avg Grant Size
$9.7M
About Florida Atlantic University Foundation
Based on IRS filings
Florida Atlantic University Foundation is a nonprofit organization focused on Education, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $462.8M in total assets. In 2024, it awarded 4 grants totaling $39.0M. Net investment income was $19.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $462,819,760 | $437,211,157 | $416,051,768 |
| Revenue | $49,842,509 | $51,489,358 | $79,320,542 |
| Expenses | $43,134,161 | $33,062,850 | $33,810,685 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $19,376,411 | $17,139,361 | $43,498,824 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Florida Atlantic University ($18,614,241), Florida Atlantic University ($14,527,695), Florida Atlantic University ($5,539,339).
| Recipient | Purpose | Amount |
|---|---|---|
| FLORIDA ATLANTIC UNIVERSITY BOCA RATON, FL | FUNDING OF UNIVERSITY'S INFRASTRUCTURE | $5,539,339 |
| FLORIDA ATLANTIC UNIVERSITY BOCA RATON, FL | ACADEMIC, RESEARCH AND INSTITUTIONAL SUPPORT | $18,614,241 |
| FLORIDA ATLANTIC UNIVERSITY BOCA RATON, FL | STUDENT SCHOLARSHIPS | $14,527,695 |
| FLORIDA PREPAID COLLEGE FOUNDATION TAMPA, FL | STUDENT SCHOLARSHIPS | $290,861 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STACY VOLNICK | INTERIM FAU PRESIDENT | 0.5 | — |
| CHARLES CARTWRIGHT | DIRECTOR | 0.5 | — |
| PHYLLIS GLADSTEIN | DIRECTOR | 0.5 | — |
| NOEL GONZALEZ | DIRECTOR | 0.5 | — |
| DANIEL JOSEPH | AUDIT COMMITTEE CHAIR | 2 | — |
| PAUL KILGALLON | DIRECTOR | 0.5 | — |
| STEWART MARTIN | DIRECTOR | 0.5 | — |
| MICHAEL L MILLER | TREASURER & FINANCE COMMITTEE CHAIR | 2 | — |
| PETER MOORE | DIRECTOR | 0.5 | — |
| PAMELA RONDI NOEL | DIRECTOR | 0.5 | — |
| BRIAN POULIN | EXECUTIVE COMMITTEE CHAIR | 2 | — |
| SALLY ROWLEY-WILLIAMS | DIRECTOR | 0.5 | — |
| KEITH SANDERS | NOMINATING & GOV. COMMITTEE CHAIR | 2 | — |
| STEVEN SCHMIDT | IMMEDIATE PAST CHAIR | 0.5 | — |
| RICHARD STONE | DIRECTOR | 0.5 | — |
| IAN SWARTZ | DIRECTOR, AS OF 11/14/23 | 0.5 | — |
| RAUL VALERO | PHILANTHROPY COMMITTEE CHAIR | 2 | — |
| ED VENTRICE | INVESTMENT COMMITTEE CHAIR | 2 | — |
| CHERYL WILKE | VICE CHAIR & SECRETARY | 2 | — |
| WILLIAM E MORRIS | LTD. PURPOSE DIRECTOR & RE COMMITTEE CHAIR | 1 | — |
| MICHAEL YOON | LIMITED PURPOSE DIRECTOR | 0.5 | — |
| EARNIE ELLISON | FAU BOT REPRESENTATIVE, AS OF 3/2024 | 0.5 | — |
| BARBARA FEINGOLD | FAU BOT REPRESENTATIVE, UNTIL 2/2024 | 0.5 | — |
| DAVID KIAN | INTERIM CEO | 40 | — |
| MICHELLE DEPALMA | CFO | 40 | — |
| JOHN KELLY | FORMER FAU PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Florida Atlantic University Foundation?
Florida Atlantic University Foundation is a nonprofit organization focused on Education, based in BOCA RATON, FL. It holds $462.8M in total assets as of 2024.
How large is Florida Atlantic University Foundation?
As of 2024, Florida Atlantic University Foundation holds $462.8M in total assets with $49.8M in annual revenue. It awarded 4 grants totaling $39.0M in 2024.
Where does Florida Atlantic University Foundation operate?
Florida Atlantic University Foundation has awarded grants in California, Florida, Georgia, Massachusetts, Maryland, Michigan, New York, Oregon, Rhode Island, Virginia.
What size grants does Florida Atlantic University Foundation award?
In 2024, Florida Atlantic University Foundation awarded 4 grants totaling $39.0M — an average of about $9.7M per grant, based on its IRS Form 990 filings.
What is Florida Atlantic University Foundation's EIN?
Florida Atlantic University Foundation's EIN (Employer Identification Number) is 59-0917284. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Florida Atlantic University Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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