Foundation for California University of Pennsylvania

The Foundation for California University of Pennsylvania is a nonprofit organization dedicated to supporting and supplementing the charitable, educational, and scientific activities and programs of Pennsylvania Western University (formerly California University of Pennsylvania). Established in 1986, it operates as a 501(c)(3) organization, which allows donations to be tax-deductible.

Mission and Purpose

The foundation's primary purpose is to enhance the educational environment and opportunities at Pennsylvania Western University. It accomplishes this through various means, including the receipt and management of charitable contributions. These funds support programs ranging from academic initiatives to community enrichment activities.

Structure and Governance

The foundation is administered by a Board of Directors composed of alumni, educators, and business professionals. This board includes committees such as Finance, Audit, and Investment, which ensure the effective management and stewardship of the foundation's assets. Board members are elected to serve three-year terms and participate actively in decision-making processes, which include quarterly meetings.

Revenue and Financial Operations

The foundation derives revenue from charitable gifts, program services, investment income, and sales of assets. This diversified income stream allows the foundation to maintain a strong financial position and provide stable support for university programs. In financial reports, the foundation discloses detailed information about revenue sources and expenses, ensuring transparency.

Programs and Community Impact

By supporting educational activities, the foundation contributes to a vibrant academic environment at Pennsylvania Western University. This includes enrichment programs, cultural events, and intercollegiate activities that are open to both students and the broader community. The foundation's efforts also encompass environmental improvements through grants from private and state agencies.

Grants and Disbursements

The foundation disburses substantial funds in grants to support educational initiatives and other activities aligned with its mission. These disbursements reflect the organization's commitment to enhancing educational opportunities and promoting community engagement. Recently, the foundation contributed over $5 million in grants to further its objectives.

Conclusion

The Foundation for California University of Pennsylvania plays a vital role in bolstering the educational and community activities of Pennsylvania Western University. Its comprehensive approach to fundraising, financial management, and grant distribution underscores its commitment to enriching educational experiences for students and fostering a dynamic academic environment.