SUNY NEW PALTZ FOUNDATION INC

EIN: 222141645 501(c)(3)

NEW PALTZ, NY

Total Revenue
$8,003,900
Total Expenses
$3,105,017
Total Assets
$70,400,967
Net Assets
$69,079,699
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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NY
Principal Officer
JONATHAN VAUGHN
Phone
8452573232
Tax Period
2024-07-01 to 2025-06-30

SUNY NEW PALTZ FOUNDATION INC, founded in 1976, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.9M, a strong 61% operating margin.

Mission

THE MISSION OF THE SUNY NEW PALTZ FOUNDATION IS TO SEEK, SECURE AND MANAGE GIFTS AND GRANTS TO FUND SCHOLARSHIPS AND PROGRAMS THAT ENRICH AND SUPPORT THE ACADEMIC, CULTURAL AND COMMUNITY LIFE OF SUNY NEW PALTZ, AND TO BUILD A LASTING ENDOWMENT FOR THE UNIVERSITY'S FUTURE.

Program Service Accomplishments

Program 1
Expenses: $1,014,787

SCHOLARSHIPS ARE ONE OF THE MOST DIRECT WAYS A DONOR CAN IMPACT THE LIVES OF NEW PALTZ STUDENTS AND INCLUDE STUDENT FINANCIAL AID FOR TUITION AS WELL AS APPLIED LEARNING OPPORTUNITIES SUCH AS STUDY...

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SCHOLARSHIPS ARE ONE OF THE MOST DIRECT WAYS A DONOR CAN IMPACT THE LIVES OF NEW PALTZ STUDENTS AND INCLUDE STUDENT FINANCIAL AID FOR TUITION AS WELL AS APPLIED LEARNING OPPORTUNITIES SUCH AS STUDY ABROAD, RESEARCH, INTERNSHIPS AND HONORS THAT ADD A MARGIN OF EXCELLENCE TO THE NEW PALTZ STUDENT EXPERIENCE.IN THE ACADEMIC YEAR 2024-2025, 561 STUDENTS RECEIVED SCHOLARSHIPS/AWARDS FROM THE FOUNDATION FOR A TOTAL OF $922,282. TWELVE NEW ANNUAL AND ENDOWED SCHOLARSHIPS WERE ESTABLISHED TO SUPPORT THE UNIVERSITY'S RECRUITMENT AND RETENTION EFFORTS AND EXPERIENTIAL LEARNING OPPORTUNITIES.INCLUDED IN THESE 561 STUDENTS WERE 23 WHO RECEIVED FUNDS FROM THE STUDENT CRISIS GRANT FUND, WHICH SERVES TO ASSIST STUDENTS FACING UNPREDICTABLE FINANCIAL HARDSHIP WHICH WOULD OTHERWISE INTERFERE WITH THEIR EDUCATION. THE FUNDS AWARDED RANGED FROM $100 TO $1,000.THE MINI GRANT PROGRAM ESTABLISHED DURING THE ACADEMIC YEAR 2022-2023 CONTINUED IN 2024-2025. DURING THE 2024-2025 ACADEMIC YEAR, SIXTY-ONE STUDENTS RECEIVED MINI AWARDS RANGING FROM $50-$300 TO BE USED FOR RESEARCH. THIS INCLUDES TRANSPORTATION TO RESEARCH SITES, MATERIALS, ENTRANCE FEES, ETC. FOR RESEARCH PROJECTS.FOR ACADEMIC YEARS 2022-2023, 2023-2024 & 2024-2025, STUDENTS PARTICIPATED IN THE ARCHAEOLOGY FIELD SCHOOL AT THE PINE STREET BURIAL GROUNDS IN KINGSTON, NY. DURING THE 2024-2025 ACADEMIC YEAR, TWELVE STUDENTS WERE OFFERED SCHOLARSHIP FUNDS GRANTED THROUGH A DONATION BY THE COMMUNITY FOUNDATION OF THE HUDSON VALLEY. WITH SUPPORT RANGING FROM $1,000-$4,000, STUDENTS WERE ISSUED A STIPEND THAT WOULD ENABLE THEM TO TAKE PART IN A NINE-CREDIT COURSE AND ASSIST WITH TUITION, HOUSING, AND COMMUTER EXPENSES WHILE TAKING PART IN THE DIG.SCHOLARSHIPS SUPPORTED ELEVEN STUDENTS TRAVELING TO USITT FOR THEATER PROFESSIONAL DEVELOPMENT. TWENTY-FOUR STUDENTS WERE PROVIDED GRANTS FOR BOOKS AS PART OF THE AC2 PROGRAM.SEVEN STUDENTS ATTENDED THE AMERICAN MARKETING ASSOCIATION PROGRAM IN NEW ORLEANS WHERE THEY PARTICIPATED IN WORKSHOPS AND COMPETITION WITH OTHER COLLEGIATE INSTITUTIONS.LASTLY EIGHT SUNY NEW PALTZ STUDENTS TRAVELED TO NEW PORT RICHEY, FLORIDA, DURING THE 2024-25 WINTER INTERCESSION TO PROVIDE ON-THE-GROUND SUPPORT TO A CITY THAT IS STILL RECOVERING FROM THE DEVASTATING HURRICANE MILTON, THE SECOND-MOST INTENSE STORM TO HIT FLORIDA'S GULF COAST. THEY TRAVELED WITH ASSISTANCE FROM THE ANTHONY BRIGANDI SCHOLARSHIP FUND.THE FOUNDATION ALSO DONATED $92,282 EQUIPMENT AND ACCESSORIES TO THE SUNY NEW PALTZ TO BE USED BY VARIOUS SCHOOLS WITHIN THE UNIVERSITY AND WILL ALLOW STUDENTS TO ACCESS TO TOP OF THE LINE EQUIPMENT TO ENHANCE THEIR LEARNING AND HANDS ON EXPERIENCES. THE EQUIPMENT INCLUDED A YAMAHA GRAND PIANO, MULTIPLE CAMERAS, LENS, AUDIO EQUIPMENT, COMPUTERS, ETC.

Program 2
Expenses: $249,962

AS A RESULT OF THE UNIVERSITY'S ACQUISITION OF THE LARGEST GIFT IN CAMPUS HISTORY, THE UNIVERSITY ESTABLISHED THE SCIENCE OF READING CENTER (SORC) AT SUNY NEW PALTZ IN 2023. THE SORC AT SUNY NEW...

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AS A RESULT OF THE UNIVERSITY'S ACQUISITION OF THE LARGEST GIFT IN CAMPUS HISTORY, THE UNIVERSITY ESTABLISHED THE SCIENCE OF READING CENTER (SORC) AT SUNY NEW PALTZ IN 2023. THE SORC AT SUNY NEW PALTZ OFFERS A HUB FOR EDUCATORS WITH A SHARED MISSION OF IMPROVING LITERACY OUTCOMES FOR CHILDREN ACROSS THE U.S., BY PROMOTING RESEARCH-BASED KNOWLEDGE AND PRACTICES THAT ARE PROVEN TO HELP LEARNERS GAIN SKILLS AS READERS.THE CENTER'S SCIENCE OF READING FUNDAMENTALS MICROCREDENTIAL HAS SERVED OVER 25,000 EDUCATORS IN NEW YORK, MARYLAND AND ACROSS THE COUNTRY SINCE IT WAS LAUNCHED AND CONTINUES TO RESONATE WITH IN-SERVICE EDUCATORS. IN OCTOBER, THE CENTER HELD ITS INAUGURAL LITERACY LEADERSHIP SUMMIT IN ALBANY, NEW YORK, WHICH WAS A SOLD-OUT EVENT ATTRACTING ATTENDEES ACROSS THE STATE. THE PROGRAM WAS DESIGNED TO SUPPORT LEADERS IN DISTRICTS AND SCHOOL BUILDINGS WITH THE STRATEGY, TOOLS AND COMMUNICATION TO BUILD AWARENESS OF THE NEED FOR EVIDENCE-BASED READING INSTRUCTION AND LAUNCH LOCAL LEARNING COHORTS.THIS PAST YEAR ALSO SAW AN EXPANSION TO SUPPORT ALL SUNY EDUCATION FACULTY AND STUDENTS ACROSS 20 CAMPUSES WITH FREE ACCESS TO THE COURSE. IN 2025, TWO NEW VISITING FELLOWS, DR. ANTONIO FIERRO AND DR. ALYSSA O'ROURKE, JOINED THE CENTER TO SUPPORT PROFESSIONAL LEARNING AND THE REVISION OF THE MICROCREDENTIAL TO CLOSELY ALIGN TO NYSED GOALS FOR MULTILINGUAL LEARNERS. DR. CHRISTINE WOODCOCK AND DR. MIN WANG, FACULTY AT SUNY NEW PALTZ'S SCHOOL OF EDUCATION, ARE ALSO AFFILIATED WITH THE CENTER TO SUPPORT A RESEARCH PROGRAM WITH LOCAL SCHOOL DISTRICTS AND BOCES' IMPLEMENTING SCIENCE OF READING PRACTICES. THIS YEAR, THE FOUNDATION WAS ABLE TO FUND SCIENCE OF READING MICROCREDENTIAL SCHOLARSHIPS TO MORE THAN 300 INDIVIDUALS AS WELL AS LAUNCH A SYNCHRONOUS SEMINAR SERIES AT STRONG COMPLETION RATES.

Program 3
Expenses: $233,293

THE SAMUEL DORSKY MUSEUM OF ART IN 2024-2025, OFFERED SIX WELL-RECEIVED AND WELL-ATTENDED MAJOR EXHIBITIONS OF CONTEMPORARY AND HISTORICAL WORK THAT RECEIVED MEDIA PLACEMENTS IN SEVERAL LOCAL AND...

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THE SAMUEL DORSKY MUSEUM OF ART IN 2024-2025, OFFERED SIX WELL-RECEIVED AND WELL-ATTENDED MAJOR EXHIBITIONS OF CONTEMPORARY AND HISTORICAL WORK THAT RECEIVED MEDIA PLACEMENTS IN SEVERAL LOCAL AND NATIONAL OUTLETS INCLUDING CHRONOGRAM, AND HUDSON VALLEY ONE, AMONG OTHERS. HIGHLIGHTS OF THE EXHIBITION PROGRAM INCLUDED GLOBAL CONNECTIONS: WORK BY MIGUEL COVARRUBIAS, ISAMI DOI, AARON DOUGLAS, AND WINOLD REISS, MIS/COMMUNICATION: LANGUAGE AND POWER IN CONTEMPORARY ART, IN AND OUT OF LINEAGE: TRACING ARTISTIC HERITAGE THROUGH SUNY NEW PALTZ FACULTY, HUDSON VALLEY ARTISTS 2025: MOVEMENT, LANDMINES: DAWOUD BEY, CHRISTINA FERNANDEZ, RICHARD MOSSE, RICK SILVA, THE ARRESTED IMAGE: IDENTITY THROUGH THE LENS OF LAW ENFORCEMENT AND THE BFA & MFA THESIS EXHIBITIONS.IN FY24-25, THE DORSKY WELCOMED 13,370 VISITORS. WE OFFERED A VIBRANT MIX OF IN-PERSON EDUCATIONAL PROGRAMS AND EVENTS FROM ARTIST TALKS AND CHILDREN'S WORKSHOPS TO CURATOR-LED GALLERY TOURS. BELOW IS A SNAPSHOT OF PARTICIPATION BY THE NUMBERS, HIGHLIGHTING THE WIDE RANGE OF ENGAGEMENTS THE MUSEUM CONTINUES TO FOSTER:PUBLIC PROGRAMS- 575 PARTICIPANTS FAMILY DAYS- 117 PARTICIPANTS CURATOR TALKS- 149 PARTICIPANTS ARTIST WORKSHOPS- 114 PARTICIPANTS PANELS AND ARTIST TALKS- 84 PARTICIPANTS PERFORMANCES- 49 PARTICIPANTS PUBLIC TOURS- 62 PARTICIPANTSK-12 AND LIFELONG LEARNING- 738 PARTICIPANTS LIFETIME LEARNING INSTITUTE CLASSES- 25 PARTICIPANTS K-12 GROUP VISITS- 713 STUDENTSSUNY NEW PALTZ STUDENT ENGAGEMENT- 918 STUDENTS ACROSS 40 CLASS VISITS FALL SEMESTER- 385 STUDENTS ACROSS 18 CLASS VISITS SPRING SEMESTER- 418 STUDENTS ACROSS 16 CLASS VISITS COLLECTION ACCESS SESSIONS- 115 STUDENTS ACROSS 6 CLASS VISITS

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,056,532
Program Service Revenue $0
Investment Income $1,947,129
Other Revenue $239
TOTAL REVENUE $8,003,900

Expense Breakdown

Grants Paid $1,014,788
Salaries & Benefits $0
Fundraising Expenses $372,245
Program Expenses $2,336,762
Other Expenses $1,930,275
TOTAL EXPENSES $3,105,017

Year-over-Year Comparison

2024 2023 Change
Revenue $8,003,900 $11,714,529 -0.3%
Expenses $3,105,017 $3,784,266 -0.2%
Net Income $4,898,883 $7,930,263 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
24
Employees
N/A
Volunteers
26

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$830,173
Total Directors
25
$709,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARRELL WHEELER DIRECTOR / SUNY NEW PALTZ PRESIDENT 2.50
Officer Director
$0 $87,823 $384,349
ERICA MARKS EXECUTIVE DIRECTOR / VP OF DEVELOPMENT 30.00
Officer Director
$0 $60,292 $324,951
JULIA DAVIS CFO 40.00
Officer
$0 $10,852 $120,873
TAMAH WIEGAND CHAIR 3.00
Officer Director
$0 $0 $0
COL JOSEPH DAVIDSON '90 FIRST CHAIR 2.00
Officer Director
$0 $0 $0
JEFFERY KORN ESQ '79 SECOND CHAIR 3.00
Officer Director
$0 $0 $0
FITZARNAZ DRUMMOND '06 TREASURER 3.00
Officer Director
$0 $0 $0
MICHELE DI PALO-WILLIAMS '77 SECRETARY 2.00
Officer Director
$0 $0 $0
FAHAD AHMED '06 DIRECTOR 2.00
Director
$0 $0 $0
DION BACCUS '92 DIRECTOR 2.00
Director
$0 $0 $0
PHIL BERKOWITZ '75 DIRECTOR 2.00
Director
$0 $0 $0
VILICIA CADE '88 DIRECTOR 2.00
Director
$0 $0 $0
EDWARD CARROLL '85 DIRECTOR 2.00
Director
$0 $0 $0
BARBARA ESMARK '84 DIRECTOR 2.00
Director
$0 $0 $0
SEAN FOOTE '96 DIRECTOR 2.00
Director
$0 $0 $0
JOSEPH GARAY '78 DIRECTOR 2.00
Director
$0 $0 $0
JO ANN GOLDEN '69 DIRECTOR 2.00
Director
$0 $0 $0
SHARIF JAMAL DIRECTOR 2.00
Director
$0 $0 $0
PAUL LLEWELLYN '91 DIRECTOR 3.00
Director
$0 $0 $0
DENNIS MCSHANE '77 DIRECTOR 2.00
Director
$0 $0 $0
JAMES F PASSIKOFF DIRECTOR 2.00
Director
$0 $0 $0
ELIZBETH PEREZ '98 DIRECTOR 2.00
Director
$0 $0 $0
ITA RAHILLY DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE RAYMOND DIRECTOR 2.00
Director
$0 $0 $0
IRA SCHRECK '74 DIRECTOR 2.00
Director
$0 $0 $0
GIANCARLO TRAVERSO DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,003,900 $3,105,017 $70,400,967 $4,898,883
2024 $11,714,529 $3,784,266 $62,720,811 $7,930,263
2023 $3,897,969 $2,775,350 $51,116,186 $1,122,619
2022 $4,407,020 $2,089,089 $47,545,812 $2,317,931
2021 $4,318,846 $2,435,886 $52,354,064 $1,882,960
2020 $3,266,386 $2,436,484 $45,007,484 $829,902
2019 $4,743,946 $2,062,535 $43,211,805 $2,681,411
2018 $8,760,590 $1,793,289 $40,583,158 $6,967,301
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