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Minnesota State University Mankato Foundation Incorporated

EIN 41-6033423 · Mankato, MN

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

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

MINNESOTA STATE UNIVERSITY, MANKATO FOUNDATION, INC. IS DEDICATED TO SECURING PRIVATE GIFTS AND GRANTS TO BENEFIT MINNESOTA STATE UNIVERSITY, MANKATO. EACH YEAR, THOUSANDS OF GENEROUS BENEFACTORS MAKE GIFTS TO HELP STUDENTS, FACULTY AND PROGRAMS AT THIS UNIVERSITY. THE FOUNDATION'S MISSION IS TO ENHANCE THE UNIVERSITY'S ABILITY TO ACHIEVE ITS MISSION BY ENCOURAGING AND STEWARDING SUSTAINED PHILANTHROPIC SUPPORT FROM ALUMNI AND FRIENDS. THE FOUNDATION OPERATES WITH RESPONSIBLE STEWARDSHIP, INTEGRITY, TRANSPARENCY AND TRUST, PROVIDES LEADERSHIP, ADVOCACY AND SUPPORT OF THE UNIVERSITY'S STRATEGIC PRIORITIES, PROVIDES SUPPORT FOR EDUCATIONAL ACCESS AND FOR ENRICHING EXPERIENCES FOR STUDENTS, AND PROVIDES LEADERSHIP IN PROMOTING AND ENGAGING DONOR PASSION.

Income
$30.3 million
Spending
$9.1 million
Spent on programs
75%
Reserves
3.4 months of spending
Largest source of income
donations and private grants, 74%
Employees
0
Volunteers
36
Highest pay
$200,434, former officer thru 05/24

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

Good: 85 out of 100. Higher than 79% of charities in its peer group (education, $10m to $100m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.4 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 70% of income.

  • Income trend

    15 of 15

    Income rose 86% on the year before.

  • Spending floor

    15 of 15

    75% of spending went to programs and raising each dollar of donations cost 5 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: 95 out of 100. Higher than 45% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    25 of 25 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

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • 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. $2.9 million spent. THROUGH A ROBUST INVESTMENT OUR ORGANIZATION EMPOWERS BOTH STUDENTS AND STAFF BY FACILITATING HANDS ON LEARNING EXPERIENCES RANGING FROM CONFERENCES AND CONVENTIONS TO WORKSHOPS, MEETINGS AND GUEST SPEAKERS. THIS SUPPORT IS DEEPLY ALIGNED WITH MINNESOTA STATE UNIVERSITY, MANKATO'S MISSION TO FOSTER HIGH IMPACT EXPERIENCES, CONTINUOUS LEARNING AND HANDS-ON GROWTH. PROFESSIONAL DEVELOPMENT OPPORTUNITIES ARE DESIGNED TO FOSTER COLLABORATION AND INNOVATION WHILE EMPOWERING STUDENTS AND STAFF TO EXPAND THEIR EXPERTISE AND ADAPT IN A RAPIDLY CHANGING WORLD. BY INVESTING IN INNOVATIVE PROGRAMS AND PROFESSIONAL DEVELOPMENT, WE ENSURE THAT EVERY MAVERICK HAS THE OPPORTUNITY TO LEARN BY DOING, GROW AS A LEADER, AND CONTRIBUTE MEANINGFULLY TO THEIR FIELD AND COMMUNITY.
  2. $2.9 million spent. A CORE VALUE OF OUR ORGANIZATION IS MAKING A HIGH-QUALITY EDUCATION AFFORDABLE AND ACCESSIBLE FOR ALL. DONOR GENEROSITY DIRECTLY FUNDS SCHOLARSHIPS, GRANTS, AND OTHER AWARDS THAT REDUCE FINANCIAL BARRIERS FOR STUDENTS. OUR COMMITMENT TO AFFORDABILITY MEANS MORE STUDENTS CAN PURSUE THEIR DREAMS, GRADUATE WITH LESS DEBT, AND ACCESS THE LIFE-CHANGING OPPORTUNITIES THAT OUR MINNESOTA STATE UNIVERSITY, MANKATO EDUCATION PROVIDES. EVERY GIFT HELPS OPEN DOORS FOR TALENTED STUDENTS FROM ALL BACKGROUNDS, ENSURING THAT COST IS NEVER A BARRIER TO EXCELLENCE.
  3. $1.1 million spent. OUR ORGANIZATION INVESTED FUNDS TO MAKE POSSIBLE THE TRANSFORMATIONAL EXPERIENCES THAT DEFINE A MINNESOTA STATE UNIVERSITY, MANKATO EDUCATION. THIS SUPPORT SPANS A DIVERSE ARRAY OF PROGRAMS AND INITIATIVES INCLUDING $570,813 TO BOLSTER UNIVERSITY ATHLETIC PROGRAMS WHICH IS FUELING STUDENT-ATHLETE SUCCESS; $150,000 TO STRENGTHEN THE CENTER FOR RURAL BEHAVIORAL HEALTH BY EXPANDING VITAL SERVICES; $105,331 TO PROVIDE EQUIPMENT AND FACILITIES FOR ATHLETICS, IMPROVING TRAINING AND COMPETITION ENVIRONMENTS; $74,240 FUELED THE MAVERICK INNOVATION GATEWAY, FOSTERING ENTREPRENEURSHIP AND INNOVATION; $68,000 POWERED THE MAVERICK REC N READ PROGRAM, PROMOTING LITERACY AND WELLNESS; $59,406 SUSTAINED UNIVERSITY AUXILIARY PROGRAMS, ENSURING OPERATIONAL EXCELLENCE; $41,543 SUPPORTED THEATRE AND DANCE PROGRAMS, BRINGING CREATIVE EXPRESSION TO CAMPUS; $11,698 TO ENHANCE FACILITIES FOR ACADEMIC PROGRAMS, CREATING SPACES FOR LEARNING AND DISCOVERY; AND $8,800 TO ADVANCE THE UNIVERSITY'S MUSIC PROGRAMS, NURTURING ARTISTIC TALENT.FROM IMMERSIVE LEARNING IN THE CLASSROOM TO LEADERSHIP ROLES, COMMUNITY ENGAGEMENT, AND GLOBAL STUDY OPPORTUNITIES, PHILANTHROPIC SUPPORT TURNS POTENTIAL INTO ACHIEVEMENT. EACH GRANT REFLECTS THE ORGANIZATION'S DEDICATION TO CULTIVATING OPPORTUNITY, EXCELLENCE, AND COMMUNITY IMPACT ACROSS MINNESOTA STATE UNIVERSITY, MANKATO.

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 October 1959.

    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.

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