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 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.
Key facts about Florida Atlantic University Foundation
In short: Florida Atlantic University Foundation gave $36.0M across 3 grants in 2025 (avg $12.0M), mostly in Florida. Source: 2025 IRS Form 990.
- EIN
- 59-0917284
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $36,047,034
- Grants made (2025)
- 3
- Average grant
- $12,015,678
- Median grant
- $9,037,741
- Total assets
- $499,713,646
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$499.7M
+8.0% YoY
Annual Giving
$36.0M
-7.5% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$12.0M
+23.3% YoY
How Florida Atlantic University Foundation gives
- Giving grew 238% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Florida Atlantic University Foundation
Based on IRS filings
Florida Atlantic University Foundation is a public charity focused on Education, based in Boca Raton, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $499.7M in total assets. In 2025, it awarded 3 grants totaling $36.0M. Net investment income was $25.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $6.7M (2021) to $39.0M (2024). In 2025 it made 3 grants totaling $36.0M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Florida Atlantic University ($36.0M across 3 grants).
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 9 grants of 22 (41%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Florida Atlantic University Boca Raton, FL | Academic, Research and Institutional Support | $23,352,945 |
| Florida Atlantic University Boca Raton, FL | Student Scholarships | $9,037,741 |
| Florida Atlantic University Boca Raton, FL | Funding of University's Infrastructure | $3,656,348 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $499,713,646 | $462,819,760 | $437,211,157 |
| Revenue | $60,328,298 | $49,842,509 | $51,489,358 |
| Expenses | $39,068,272 | $43,134,161 | $33,062,850 |
| Net Investment Income | $25,432,384 | $19,376,411 | $17,139,361 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS January 30, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Florida Atlantic University Foundation is led by David L. Kian, Interim CEO on every filing since 2023; none of the 27 officers listed in 2025 report compensation.
Officers on the 2025 filing
David L. Kian
Interim CEO
On filings since 2023
40 hrs/week
No compensation reported
Stacy A. Volnick
Interim Fau President
On filings since 2023
0.5 hrs/week
No compensation reported
Adam Hasner
President
New on the 2025 filing
0.5 hrs/week
No compensation reported
Brian Poulin
Board & Executive Committee Chair
Vice Chair & Treasurer → Executive Committee Chair, 2024
Executive Committee Chair → Board & Executive Committee Chair, 2025
On filings since 2019
2 hrs/week
No compensation reported
Ed Ventrice
Investment Committee Chair
Philanthropy Chair → Philanthropy Committee Chair, 2023
Philanthropy Committee Chair → Investment Committee Chair, 2024
On filings since 2022
2 hrs/week
No compensation reported
Paul Kilgallon
Real Estate Committee Chair
Director → Real Estate Committee Chair, 2025
On filings since 2022
0.5 hrs/week
No compensation reported
Raul Valero
Philanthropy Committee Chair
Director → Philanthropy Committee Chair, 2024
On filings since 2022
2 hrs/week
No compensation reported
Daniel Joseph
Audit Committee Chair
Director → Audit Committee Chair, 2024
On filings since 2023
2 hrs/week
No compensation reported
Bruce Allen
Director
Board Member → Director, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Peter Moore
Director
Board Member → Director, 2022
On filings since 2019
0.5 hrs/week
No compensation reported
Phyllis Gladstein
Director
Secretary → Immediate Past Secretary, 2023
Immediate Past Secretary → Director, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Steven Schmidt
Director
Chair → Immediate Past Chair, 2024
Immediate Past Chair → Director, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Stewart I. Martin
Director
Chair → Immediate Past Chair, 2021
Immediate Past Chair → Director, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
William E. Morris
Director
Director → Ltd. Purpose Director & Re Committee Chair, 2024
Ltd. Purpose Director & Re Committee Chair → Director, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Michael Yoon
Director
Limited Purpose Director → Director, 2025
On filings since 2023
2 hrs/week
No compensation reported
Richard Stone
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Charles Cartwright
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Ian Swartz
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Noel Gonzalez
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Gary D. Rubin
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Marilyn Wallach
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Scott McClenghan
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Cheryl Wilke
Vice Chair & Secretary
Nominating & Governance Committee Chair → Secretary, 2023
Secretary → Vice Chair & Secretary, 2024
On filings since 2019
2 hrs/week
No compensation reported
John Kelly
Former Fau President
University President & Ex-Officio → Fau President, 2022
Fau President → Former Fau President, 2024
On filings since 2019
No compensation reported
Michael L. Miller
Treasurer & Finance Committee
Director & Director of Advancement → Treasurer & Finance Committee Chair, 2024
Treasurer & Finance Committee Chair → Treasurer & Finance Committee, 2025
On filings since 2019
2 hrs/week
No compensation reported
Keith Sanders
Nominating & Gov. Committee
Director → Nominating & Gov. Committee Chair, 2024
Nominating & Gov. Committee Chair → Nominating & Gov. Committee, 2025
On filings since 2023
2 hrs/week
No compensation reported
Michelle Depalma
CFO
On filings since 2023
40 hrs/week
No compensation reported
Former officers (58)
- Former: Sally Rowley-Williams (2019–2024) — Director
- Former: Earnie Ellison (2022–2024) — Fau Bot Representative
- Former: Pamela Rondi Noel (2022–2024) — Director
- Former: Barbara Feingold (2023–2024) — Fau Bot Representative
- Former: David S. Green (2019–2023) — Interim Vice President of Institutional Advancement
- Former: Laurie Carney (2019–2023) — Senior Director of Development1
- Former: Patricia McKay (2019–2023) — Audit Committee Chair
- Former: Zachary Berg (2019–2023) — Investment Committee & Re Committee Chair
- Former: Amanda L. Nickeson (2020–2023) — Assistant Vice President of Development
- Former: Kristina Gregg (2020–2023) — Executive Director of Advancement
- Former: Kelly Kirkpatrick-Marmol (2021–2023) — Director of Advancement
- Former: Christopher Delisio (2022–2023) — CEO
- Former: Rafael Cardozo (2022–2023) — Director
- Former: Stacey Bell (2023) — CFO
- Former: Jay Weinberg (2019–2022) — Audit Committee Chair
- Former: Keith Arnold (2019–2022) — Limited Purpose Director
- Former: Kerry Kruckel (2019–2022) — Assistant Vice President & Advancement
- Former: Maurice Plough Jr. (2019–2022) — Director
- Former: Melissa Miller (2019–2022) — Director
- Former: Richard Etner Jr. (2019–2022) — Limited Purpose Director
- Former: Arlene Fine Klepper (2020–2022) — Director
- Former: Stacy L. Semmel (2021–2022) — CFO
- Former: Sue Skemp (2022) — Donor Relations Committee Chair
- Former: Danita Nias (2019–2021) — CEO
- Former: Ettore Ventrice (2019–2021) — Board Member
- Former: Michael Kaufman (2019–2021) — Board Member
- Former: Sharon N. Brown (2019–2021) — Former CFO
- Former: Susan Skemp (2019–2021) — Board Member
- Former: Abdol Moabery (2021) — Ex-Officio Voting Board Me
- Former: Michael D'eugenio (2021) — Director of Advancement & Student Affairs
- Former: Paul Pagnato Jr. (2021) — Board Member
- Former: Raphael Cardozo (2021) — Board Member
- Former: Howard Cooper (2019–2020) — Limited Purpose Board Member
- Former: Ira J. Gelb (2019–2020) — Board Member
- Former: Jay Shein (2019–2020) — Limited Purpose Board Member
- Former: John Zells (2019–2020) — Limited Purpose Board Member
- Former: Kathryn Rendo (2019–2020) — Ex-Officio Non-Voting Board
- Former: Kevin Wagner (2019–2020) — Ex-Officio Non-Voting Board
- Former: Lorna Williams (2019–2020) — Board Member
- Former: Marta Rendon (2019–2020) — Board Member
- Former: Michael Crowley (2019–2020) — Limited Purpose Board Member
- Former: Michael Dennis (2019–2020) — Ex-Officio Voting Board Me
- Former: Ray Monteleone (2019–2020) — Board Member
- Former: Robert Robes (2019–2020) — Board Member
- Former: Seth Emmer (2019–2020) — Ex-Officio Non-Voting Board
- Former: Steven Oyer (2019–2020) — Limited Purpose Board Member
- Former: Terry Fedele (2019–2020) — Ex-Officio Non-Voting Board
- Former: Kevin Buchanan (2020) — Ex-Officio Non-Voting Board
- Former: Roland Valdivieso (2020) — Ex-Officio Non-Voting Board
- Former: Ryan Alpert (2020) — Director of Advancement & Alumni Affairs
- Former: Cheryl Budd (2019) — Board Member
- Former: Dale Gregory (2019) — Limited Purpose Board Member
- Former: Edward Sabin (2019) — Board Member
- Former: Keith Fries (2019) — Assistant Vice President Advancement
- Former: Kyle Macdonald (2019) — Ex-Officio Non-Voting Board Member
- Former: Mary Jane Saunders (2019) — Former Board Member
- Former: Mary Katherine Morales (2019) — Director of Foundation Rel
- Former: Pablo Paez (2019) — Ex-Officio Non-Voting Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Florida Atlantic University Foundation
How much does Florida Atlantic University Foundation give each year?
Florida Atlantic University Foundation gave $36.0M across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $39.0M across 4 grants.
What is Florida Atlantic University Foundation's typical grant size?
Florida Atlantic University Foundation's median grant in 2025 was $9,037,741, and its average grant was $12,015,678, across 3 grants on its 2025 IRS Form 990.
Where does Florida Atlantic University Foundation give grants?
Florida Atlantic University Foundation gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Boca Raton, FL (3 grants).
Does Florida Atlantic University Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Florida Atlantic University Foundation's 2025 IRS Form 990 were described as general or operating support.
How large is Florida Atlantic University Foundation?
Florida Atlantic University Foundation reported $499.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $60.3M.
What is Florida Atlantic University Foundation?
Florida Atlantic University Foundation is a public charity focused on Education, based in Boca Raton, FL. It holds $499.7M in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Florida Atlantic University Foundation by hand.
Explore Open Grants
Browse active grant opportunities in Florida Atlantic University Foundation's focus areas in our free grants database
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