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UNIVERSITY AT ALBANY FOUNDATION
ALBANY, NY · EIN 141503972 · Form 990 · FY2024 · NTEE B110 · Education · Large ($10M-$50M) · albany.edu
revenue
$31.6M
expenses
$12.2M
net assets
$261.9M
employees
10
volunteers
33
program ratio
80%
mission · from form 990

THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY (UNIVERSITY), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY.

profile · synthesized from sources

The University at Albany Foundation is a nonprofit organization established to support the State University of New York at Albany (UAlbany) by receiving, managing, and disbursing funds for the benefit of the university, its students, faculty, staff, and alumni. Based on IRS Form 990 data, it primarily provides administrative and accounting services to organizations that advance UAlbany’s educational and research mission. It does not appear to directly serve the general public or run public-facing programs.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $0
    ADMINISTRATIVE SERVICES PROVIDE MANAGEMENT AND ACCOUNTING SERVICES TO ORGANIZATIONS WHOSE PURPOSE IS TO ADVANCE THE EDUCATIONAL AND RESEARCH MISSION OF THE STATE UNIVERSITY OF NEW YORK AND THE STATE UNIVERSITY OF NEW YORK AT ALBANY.
named programs · 1 · from sources

What they call their work

Administrative Services
Provides management and accounting services to organizations advancing the educational and research mission of SUNY Albany
activities · 7 groups

What they do

  • Higher Education Degree Programs 2 activities
    • Offering online degree and certificate programs
      Offers over 30 online graduate degrees and certificates, as well as online bachelor's degrees, fully online minors, and undergraduate classes, with two decades of experience in online education delivery.
    • Providing graduate education to a large and diverse student body
      Delivers graduate education to nearly 4,500 students, including over 1,200 international students, and supports their academic progress through thesis and dissertation resources.
  • Workforce Readiness Training 1 activity
    • Delivering career guidance and professional development services
      Provides career workshops and one-on-one career guidance to help professionals navigate job transitions, upskill, and advance their careers, offered through virtual and in-person sessions.
  • Admissions and Enrollment Support Services 1 activity
    • Hosting admissions outreach events for graduate programs
      Organizes and hosts in-person and virtual admissions events, including webinars and information sessions, to engage prospective and admitted graduate students.
  • Academic Research Dissemination 1 activity
    • Producing annual review of doctoral research output
      Produces and shares an annual Doctoral Student Dissertations Year-in-Review publication that highlights the research output of doctoral students.
  • Student Support and Academic Services 1 activity
    • Providing academic advising services to students
      Offers drop-in and ongoing academic advising to support student success from orientation through graduation, available to all students at the Taconic Building during specified weekly hours.
  • Organizational Sustainability Management 1 activity
    • Providing management and accounting services to support SUNY Albany's mission
      Provides management and accounting services to organizations that advance the educational and research mission of the State University of New York at Albany.
  • Professional Certification and Continuing Education 1 activity
    • Providing microcredentials and continuing education programs
      Offers microcredentials, trainings, and continuing education programs in high-demand fields, delivered in multiple formats to support lifelong learning and workforce development.
financials · form 990 · fy2024
revenue
Total revenue$31.57M
Contributions & grants$25.40M80%
Program service revenue$984K3%
Investment income$5.59M18%
Other revenue$-407K
expenses
Total expenses$12.18M
Program expenses80%
Admin / overhead12%
Fundraising7%
Salaries & benefits$995K
Grants paid out$5.85M
Largest expense lineOther
balance sheet
Total assets$276.90M
Cash$4.54M
Investments$248.18M
Liabilities$15.03M
Net assets$261.86M
Liquid reserves249.0 mo
6 years on record · 2019–2024 · YoY revenue -33.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
RICHARD MCGINN JR CHIEF FINANCIAL OFFICER 24 $265K
CHRISTOPHER LOSAVIO CONTROLLER 30 $169K
FARDIN SANAI EXECUTIVE DIRECTOR 5 $19K
HAVIDAN RODRIGUEZ DIRECTOR 1 $5K
board members · 21
  • AMY KNAPP — SECRETARY
  • BRIAN STRAUGHTER — VICE PRESIDENT
  • CANON KAY HOTALING — DIRECTOR
  • DANIEL NOLAN — DIRECTOR
  • EDWARD SWYER — DIRECTOR
  • ELDA DI RE — DIRECTOR
  • GEORGE HEARST III — PRESIDENT
  • JEFFREY BLACK — TREASURER
  • JOHN NAUMANN — DIRECTOR
  • JONATHAN JONES — DIRECTOR
  • KATHLEEN DENNIS — DIRECTOR
  • KEITH HYNES — DIRECTOR
  • KIMBERLY SANGER JONES — DIRECTOR
  • LISA FUND — DIRECTOR
  • LOUIS DESORBO — DIRECTOR
  • MARK YANG — DIRECTOR
  • MARY HAGGERTY — DIRECTOR
  • MARYANNE LAVAN — DIRECTOR
  • MAUREEN SWEENEY — DIRECTOR
  • MEG PICOTTE MACCLARENCE — DIRECTOR
  • MICHAEL BORYS — DIRECTOR
relationships · 7

Who they work with

  • National Council for State Authorization Reciprocity Agreements Network — Member of NC-SARA for state authorization reciprocity for out-of-state students.
  • State University of New York at Albany Partner — Provides administrative and financial services to support the educational and research mission of the university.
  • University at Albany Government — Primary institution supported by the Foundation; integrated with university administration.
  • University at Albany Network — The Graduate School operates within the University at Albany to support graduate education.
  • businesses Partner — Collaborates to develop custom learning pathways for workforce development
  • government agencies Partner — Collaborates to develop custom learning pathways for workforce development
  • nonprofits Partner — Collaborates to develop custom learning pathways for workforce development
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Continuous Academic Guidance Through Dedicated Advising
    methodology: continuous_academic_guidance
    By assigning each student a dedicated advisor throughout their academic career, supplemented by major-specific guidance, the foundation supports student retention and success, because sustained, personalized academic relationships improve navigation, engagement, and timely degree completion.
  • Custom Learning Pathways in Partnership with External Organizations
    methodology: custom_learning_pathways
    By co-developing learning pathways with businesses, government, and nonprofits, the foundation ensures education aligns with real-world workforce needs, because collaboration with employers produces relevant, future-ready skills and increases post-education employment outcomes.
  • Entrepreneurialism as Cross-Cutting Approach
    methodology: entrepreneurialism
    By applying entrepreneurial principles across all activities, the foundation aims to generate innovative solutions and sustainable impact in support of the university, because entrepreneurial mindsets enhance adaptability, resource efficiency, and long-term value creation.
  • Inclusive Excellence to Maximize Potential and Societal Benefit
    methodology: inclusive_excellence
    By fostering inclusive excellence, the foundation enhances individual potential and broad societal benefit through learning and discovery, because diversity in thought, background, and experience strengthens innovation and the relevance of educational outcomes.