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FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC
BINGHAMTON, NY · EIN 166053710 · Form 990 · FY2024 · NTEE B110 · Education · Very Large (>$50M) · binghamton.edu
revenue
$56.5M
expenses
$33.2M
net assets
$484.9M
employees
0
volunteers
250
program ratio
85%
mission · from form 990

THE FOUNDATION WAS ESTABLISHED TO ACCEPT AND ENCOURAGE GIFTS TO THE FOUNDATION AND TO ADVANCE THE WELFARE AND DEVELOPMENT OF THE UNIVERSITY TO MAKE GRANTS OF FINANCIAL ASSISTANCE TO THE UNIVERSITY AND ITS FACULTY AND STUDENTS; TO RECEIVE, HOLD AND ADMINISTER SUCH GIFTS TO SERVICE THE PREVIOUSLY STATED PURPOSE

profile · synthesized from sources

The Foundation of the State University of New York at Binghamton Inc. is a nonprofit foundation established to support Binghamton University through fundraising, gift management, and financial assistance. It advances the university's mission by administering private donations and endowments, which fund faculty research, student programs, and institutional development. The foundation plays a key role in enabling major research initiatives and academic innovation at the university.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $71K
    BINGHAMTON UNIVERSITY FORUM IS A MEMBER ONLY GROUP FORMED BY THE FOUNDATION TO PROMOTE COMMUNITY RELATIONS AND ENCOURAGE PRIVATE SUPPORT OF THE UNIVERSITY.
named programs · 3 · from sources

What they call their work

Binghamton University Forum
Member-only group formed by the Foundation to promote community relations and encourage private support of Binghamton University
Center for AI Responsibility and Research
Independent AI research center established with a $55 million commitment to advance responsible artificial intelligence research and public good applications
Ho Foundation Seed Grants
Provides up to $100,000 in funding to interdisciplinary faculty research teams working at the intersection of health sciences and technology
activities · 10 groups

What they do

  • Alumni Community Building 2 activities
    • Maintains global alumni network engagement
      Engages over 160,000 alumni across all 50 U.S. states and more than 100 countries through ongoing outreach and programming.
    • Supports alumni engagement through events, communications, and volunteer programs
      Produces a biannual magazine, monthly e-newsletter, podcast series, and webinar series featuring alumni and faculty; organizes biannual speaker events and Homecoming celebrations including public performances such as one by alumnus Paul Reiser in 2026. Also engages alumni through volunteer opportunities including commencement support and service projects.
  • AI Governance and Ethical Research 1 activity
    • Conducts research in artificial intelligence and related fields
      Advances AI research through the Center for AI Responsibility and Research, supported by a $55 million commitment and use of the Empire Alpha supercomputer, with 10 approved projects focused on public good applications in New York. Includes development of deepfake detection technology funded by internal grants.
  • Cultural Exchange and Mutual Understanding Programs 1 activity
    • Facilitates integration of international students through community connections
      Supports international students' transition and integration by connecting them with local families through the Friendship Family Program.
  • Cancer Research Funding 1 activity
    • Funds faculty research through seed grants and endowments
      Provides seed grants to multidisciplinary faculty teams working at the intersection of health sciences and technology, and manages a $5.6 million endowment gift to support ongoing faculty research in this area.
  • Safe and Inclusive School Environment 1 activity
    • Maintains physical and digital spaces as inclusive and welcoming environments
      Ensures that both physical and digital environments associated with the university are inclusive and welcoming to all members of the community.
  • Local History Preservation and Education 1 activity
    • Manages historical preservation and public display of university history
      Operates a historical timeline display at the Alumni Center that showcases significant events in the university's history.
  • Membership & Sponsorship Development 1 activity
    • Operates the Binghamton University Forum to support private giving and community relations
      Runs the Binghamton University Forum, a member-only group that promotes community engagement and encourages private financial support for the university.
  • Special Education Support Services 1 activity
    • Promotes inclusive access and accommodations for students with disabilities
      Coordinates accommodations and support services to ensure full participation, engagement, and academic success for students with disabilities.
  • Alumni Leadership and Career Support Programs 1 activity
    • Provides career advising and student recruitment support through alumni networks
      Offers career advising to current students and alumni via the Fleishman Career Center and Mentor Match program, and leverages alumni engagement to support recruitment of new students to Binghamton University.
  • Uncategorized 2 activities
    • Accepts and processes donations to the university foundation
      Receives donations to the Binghamton University Foundation through multiple channels, including stock gifts via registered mail, electronic transfer, or in-person delivery.
    • Provides interdisciplinary education with an international perspective
      Offers a broad, interdisciplinary academic curriculum designed to provide students with an international perspective as part of their educational experience.
financials · form 990 · fy2024
revenue
Total revenue$56.52M
Contributions & grants$15.33M27%
Program service revenue$74K0%
Investment income$35.89M64%
Other revenue$5.22M
expenses
Total expenses$33.25M
Program expenses85%
Admin / overhead5%
Fundraising9%
Salaries & benefits$2.64M
Grants paid out$26.84M
Largest expense lineCompensation
balance sheet
Total assets$498.39M
Cash$14.30M
Investments$440.30M
Liabilities$13.54M
Net assets$484.85M
Liquid reserves164.1 mo
3 years on record · 2022–2024 · YoY revenue -31.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SHEILA DOYLE EXECUTIVE DIRECTOR 31 $395K
board members · 24
  • ABBY GOLDSTEIN — DIRECTOR
  • ALBERT NOCCIOLINO — DIRECTOR
  • ALEX HUPPE — DIRECTOR
  • ANDREW BONZANI — DIRECTOR
  • ANITA BORKENSTEIN — DIRECTOR
  • BAI LEE — DIRECTOR
  • BRIAN J ZAKROCKI — DIRECTOR
  • CARA TREIDEL — EX-OFFICIO DIRECTOR
  • CAROLYN MANCINI — DIRECTOR
  • CATHLEEN M ELLSWORTH — DIRECTOR
  • CHARLES KIM — DIRECTOR
  • DAVID WHITMORE — DIRECTOR
  • DONALD HALL — EX-OFFICIO DIRECTOR
  • ELIZABETH BLOOMER NESVOLD — DIRECTOR
  • ELIZABETH KOFFMAN — DIRECTOR
  • GERALDINE MACDONALD — DIRECTOR
  • HARVEY STENGER — EX-OFFICIO DIRECTOR
  • HOWARD UNGER — DIRECTOR
  • JAMES BANKOSKI — DIRECTOR
  • JAMES ORBAND — DIRECTOR
  • JEFFREY TUCKER — TREASURER
  • JOHN CARRIGG — DIRECTOR
  • JOSEPH MIRABITO — DIRECTOR
  • JUDITH GARCZYNSKI FLEISHMAN — DIRECTOR
relationships · 13

Who they work with

  • Anderson Center Partner — Collaborates on ticketing and hosting events during Homecoming, including Paul Reiser's performance.
  • Binghamton University Partner — Operates as the foundation entity for Binghamton University, supporting advancement and alumni engagement.
  • Binghamton University Partner — Primary beneficiary of foundation grants and support; collaborates on community relations through the Binghamton University Forum.
  • Binghamton University Alumni Association Partner — Collaborates on alumni engagement initiatives and communications.
  • Empire AI Consortium Network — Binghamton University is a member institution advancing responsible AI research through the consortium.
  • Fleishman Career Center Partner — Collaborates on career advising programs for students and alumni
  • LPL Financial Government — Receiving financial firm for electronic stock transfers to the Binghamton University Foundation.
  • New York State Legislature Government — Provided a $25 million capital investment to support the Center for AI Responsibility and Research.
  • Services for Students with Disabilities (SSD) Partner — Coordinates accommodations and supports for students with disabilities at Binghamton University.
  • State University of New York at Buffalo Partner — Collaborates through shared use of Empire Alpha supercomputer as part of the Empire AI Consortium.
  • The S. H. Ho Foundation Ltd. Funder — Primary donor providing endowment funding for faculty research seed grants.
  • Tom Secunda Funder — Provided a $30 million commitment to establish the Center for AI Responsibility and Research.
  • Visions Wealth Management Partner — Broker partner facilitating electronic transfer of stock donations to the Binghamton University Foundation.
strategies · 5

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.

  • Grant-Facilitated Institutional Support
    methodology: gift-administration-and-grantmaking
    By receiving, holding, and administering gifts—including non-cash donations—the foundation advances the university’s welfare and development, enabling financial support for faculty, students, and strategic initiatives.
  • Inclusive Environment for Students with Disabilities
    methodology: inclusive_environment_for_students_with_disabilities
    By coordinating accommodations and fostering inclusion, the university enables full participation and success for students with disabilities, because accessible education improves outcomes and equity.
  • Interdisciplinary and Global Learning
    methodology: interdisciplinary_education
    By offering interdisciplinary education with an international perspective, the university prepares students for global engagement and innovation, leveraging diverse fields and cross-cultural understanding to address complex challenges.
  • Mutually Beneficial Engagement Model
    methodology: mutually_beneficial_engagement
    By framing service as a reciprocal exchange, the university enriches both communities and participants through shared learning and engagement, increasing impact and sustainability of outreach efforts.
  • Research-Integrated Education
    methodology: research-integrated_education
    By integrating vibrant research programs into the educational experience, the university enhances student learning and discovery, fostering innovation through hands-on engagement with cutting-edge knowledge.