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Canton College Foundation Inc

EIN 23-7392114 · Canton, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair55 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE CANTON FOUNDATION WAS FORMED IN 1973 TO PROVIDE FINANCIAL SUPPORT TO THE STATE UNIVERSITY OF NEW YORK AT CANTON. THE FOUNDATION PROVIDES STUDENT SCHOLARSHIPS, SUPPORTS FACULTY AND STAFF DEVELOPMENT, AND PROMOTES CAMPUS ENHANCEMENT PROJECTS.

Income
$6.0 million
Spending
$4.5 million
Spent on programs
90%
Reserves
-34.3 months of spending
Largest source of income
fees for its services, 52%
Employees
32
Volunteers
50
Highest pay
$492,142, campus president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 55 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 47% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 25% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    30 of 36 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $2.2 million spent. REAL PROPERTY MANAGEMENT - CANTON COLLEGE FOUNDATION IS SOLE OWNER OF GRASSE RIVER, LLC, HEMLOCK ACRES, LLC, ROO RIVER WOODS, LLC, AND ADIRONDACK ROO, LLC. THE PRIMARY PURPOSE OF THESE ORGANIZATIONS IS TO ACQUIRE, MAINTAIN, AND MANAGE REAL PROPERTY FOR THE BENEFIT OF THE COLLEGE. RENTAL REVENUES AND RELATED EXPENSES ARE FROM STUDENT HOUSING DEVELOPED AND MANAGED BY GRASSE RIVER, LLC.
  2. $1.8 million spent. A. TO ENCOURAGE, ACCEPT AND HOLD GIFTS MADE TO THE STATE UNIVERSITY OF NEW YORK (SUNY) AT CANTON IN THE FORM OF ANY AND ALL TYPES OF REAL OR PERSONAL PROPERTY. B. TO MANAGE SUCH PROPERTY RECEIVED IN (A) ABOVE AND COLLECT INCOME THERE FROM AND DISBURSE ANY OF THE SAME ONLY FOR THE PURPOSE OF ADVANCING THE WELFARE AND DEVELOPMENT OF SUNY CANTON. C. TO AID SUNY CANTON IN CARRYING OUT ITS COMMITMENT TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ALL QUALIFIED INDIVDUALS. D. TO MAKE SUCH GRANTS AND AWARDS OF FINANCIAL ASSISTANCE TO THE STUDENTS, FACULTY, AND STAFF OF SAID COLLEGE AS SHALL BE CONSISTENT WITH THE PURPOSES AND POLICIES OF SUNY CANTON. E. TO MAKE SUCH GRANTS AND AWARDS OF FINANCIAL ASSISTANCE TO SAID COLLEGE AND TO ANY OTHER ORGANIZATION DULY AUTHORIZED BY THE COLLEGE TO CARRY ON CHARITABLE EDUCATIONAL ACTIVITIES, PROVIDING SAID ORGANIZATION QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE AND ITS REGULATIONS AS THEY NOW EXIST, OR AS THEY MAY HEREAFTER BE AMENDED. TO ACCOMPLISH THESE PURPOSES, CANTON COLLEGE FOUNDATION, INC. CARRIED ON THE FOLLOWING ACTIVITIES DURING THE FISCAL YEAR: 1. ACCEPTED IN-KIND GIFTS OF EQUIPMENT AND SUPPLIES AND TURNED THEM OVER TO SUNY CANTON FOR ITS EDUCATIONAL PROGRAMS. 2. FUNDED ACTIVITIES AND MADE GRANTS IN FURTHERANCE OF THE PROMOTION OF THE INSTITUTION AND PROGRAM DEVELOPMENT WITH THE CURRICULUM. 3. AWARDED FINANCIAL GRANTS AND WORK ASSISTANTSHIPS TO STUDENTS IN NEED BASED ON STIPULATED SELECTION CRITERIA.
  3. CANTON COLLEGE FOUNDATION, INC. PROVIDES EMERGENCY STUDENT LOANS OF A MAXIMUM OF $400 PER LOAN TO STUDENTS OF THE STATE UNIVERSITY OF NEW YORK AT CANTON. THE CRITERIA FOR OBTAINING THESE LOANS IS DEMONSTRATED NEED AND AVAILABLE FUTURE FUNDS RECEIVABLE BY THE FINANCIAL AID OFFICE AT SUNY CANTON. THESE LOANS ARE REPAID TO CANTON COLLEGE FOUNDATION BY SUNY CANTON UPON RECEIPT BY SUNY CANTON OF FINANCIAL AID OR OTHER FUNDS ON BEHALF OF THE STUDENT. CANTON COLLEGE FOUNDATION, INC. CHARGES THE STUDENT A SMALL PROCESSING FEE PER LOAN FOR THIS SERVICE.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1974.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.