University at Albany Foundation
1400 Washington Ave uab226, Albany, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $31,566,579 | $12,180,143 | $261,864,932 |
| FY2024 | $47,756,593 | $12,318,112 | $224,249,675 |
| FY2023 | $23,832,386 | $10,214,952 | $170,449,489 |
| FY2022 | $16,220,435 | $8,774,634 | $148,950,366 |
| FY2021 | $19,151,448 | $6,865,433 | $153,796,856 |
| FY2020 | $17,198,773 | $9,940,318 | $116,792,665 |
| FY2019 | $16,209,857 | $6,580,049 | $115,068,524 |
| FY2018 | $13,979,052 | $8,204,120 | $104,607,586 |
| FY2017 | $11,747,486 | $7,729,994 | $96,208,353 |
| FY2016 | $18,736,208 | $6,765,995 | $85,787,238 |
| FY2015 | $14,934,478 | $5,958,143 | $75,664,703 |
| FY2014 | $11,749,098 | $5,827,224 | $69,927,067 |
| FY2013 | $9,565,351 | $4,869,451 | $59,708,203 |
| FY2012 | $6,973,889 | $7,824,996 | $51,828,171 |
Form 990 filings
The returns filed by University at Albany Foundation (EIN 14-1503972), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $25,398,994 | 80% |
| Program service revenue | $984,021 | 3% |
| Other revenue | $5,183,564 | 16% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $9,801,552 | 80% |
| Management & general | $1,509,807 | 12% |
| Fundraising | $868,784 | 7% |
What the numbers show
- Contributions & grants made up 80% of total revenue in FY2025.
- Program services accounted for 80% of functional expenses, management & general 12%, and fundraising 7%.
- 80% of functional expenses went to program services in FY2025. That is higher than 27.7% of 412 Education organizations in NY.
- Net assets covered about 258 months of expenses at the end of the reporting year. That puts it in the 96th percentile among 4118 Education organizations in NY.
- Total revenue was higher than 95.7% of 4244 Education organizations in NY.
- Total revenue rose from $6,973,889 in FY2012 to $31,566,579 in FY2025. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2012).
- The highest revenue on record here is $47,756,593 in FY2024.
- Net assets grew from $51,828,171 to $261,864,932 between FY2012 and FY2025.
- Contributions and grants made up 87% of revenue in FY2012 and 81% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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