Nonprofit · EIN 14-1503972
UNIVERSITY AT ALBANY FOUNDATION
Tax-exempt · ALBANY, NY 12222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $31,566,579 | $12,180,143 | $19,386,436 | $276,898,927 | $15,033,995 | $261,864,932 |
| June 30, 2024 | 990 | $47,756,593 | $12,318,112 | $35,438,481 | $238,704,903 | $14,455,228 | $224,249,675 |
| June 30, 2023 | 990 | $23,832,386 | $10,214,952 | $13,617,434 | $183,740,004 | $13,290,515 | $170,449,489 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,398,994
- Program service revenue
- $984,021
- Investment income
- $5,590,457
- Net rental income
- -$331,113
- Net gain from sales of assets
- $2,034,182
- Net income from fundraising events
- -$75,780
- Other revenue
- -$406,893
Expenses
- Grants and similar amounts paid
- $5,852,181
- Compensation of officers, directors and key employees
- $320,591
- Other salaries and wages
- $483,575
- Salaries, compensation and benefits (total)
- $994,934
- Professional fundraising fees
- $0
- Legal fees
- $1,480
- Accounting fees
- $70,350
- Travel
- $844,334
- Program services (functional)
- $9,801,552
- Management and general (functional)
- $1,509,807
- Fundraising (functional)
- $868,784
Balance sheet and other
- Total assets, start of year
- $238,704,903
- Total assets, end of year
- $276,898,927
- Total liabilities, end of year
- $15,033,995
- Net assets, end of year
- $261,864,932
- Land, buildings and equipment
- $636,950
- Publicly traded securities
- $149,103,219
- Net assets without donor restrictions
- $45,283,816
- Net assets with donor restrictions
- $216,581,116
- Gross unrelated business income
- $411,814
- Gross receipts
- $36,804,407
- Employees
- 10
- Volunteers
- 33
- Year formed
- 1967
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD MCGINN JR | CHIEF FINANCIAL OFFICER Officer | 24.37 | $238,210 | $26,469 |
| CHRISTOPHER LOSAVIO | CONTROLLER Highest-paid employee | 30 | $152,922 | $15,667 |
| FARDIN SANAI | EXECUTIVE DIRECTOR Officer | 5 | $18,965 | $0 |
| HAVIDAN RODRIGUEZ | DIRECTOR Trustee or director | 1 | $5,460 | $0 |
| GEORGE HEARST III | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN STRAUGHTER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY BLACK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AMY KNAPP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NOLAN ALTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL BORYS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BULGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CASTELLANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAUL CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN DENNIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUIS DESORBO | DIRECTOR Trustee or director | 1 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELDA DI RE | DIRECTOR Trustee or director | 1 | $0 |
| SOPHIA FERRADAS | DIRECTOR Trustee or director | 1 | $0 |
| LISA FUND | DIRECTOR Trustee or director | 1 | $0 |
| MARY HAGGERTY | DIRECTOR Trustee or director | 1 | $0 |
| KEITH HYNES | DIRECTOR Trustee or director | 1 | $0 |
| SHARON KANTOR | DIRECTOR Trustee or director | 1 | $0 |
| ROANNE KULAKOFF | DIRECTOR Trustee or director | 1 | $0 |
| MARYANNE LAVAN | DIRECTOR Trustee or director | 1 | $0 |
| MEG PICOTTE MACCLARENCE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN NAUMANN | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM NEWMAN | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL NOLAN | DIRECTOR Trustee or director | 1 | $0 |
| KIMBERLY SANGER JONES | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA STAFFORD | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN SWEENEY | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD SWYER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL WEILHEIMER | DIRECTOR Trustee or director | 1 | $0 |
| MARK YANG | DIRECTOR Trustee or director | 1 | $0 |
| TODD FOREMAN | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN JONES | DIRECTOR Trustee or director | 1 | $0 |
| CANON KAY HOTALING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD MCGINN JR | CHIEF FINANCIAL OFFICER Officer | 24.37 | $227,731 | $24,694 |
| CHRISTOPHER LOSAVIO | CONTROLLER Highest-paid employee | 30 | $138,151 | $15,140 |
| FARDIN SANAI | EXECUTIVE DIRECTOR Officer | 5 | $18,120 | $0 |
| HAVIDAN RODRIGUEZ | DIRECTOR Trustee or director | 1 | $4,450 | $0 |
| GEORGE HEARST III | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LEWIS WIENER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY BLACK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN STRAUGHTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NOLAN ALTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL BORYS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BULGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CASTELLANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAUL CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN DENNIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUIS DESORBO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELDA DI RE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA FUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY HAGGERTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH HYNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON KANTOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY KNAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROANNE KULAKOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM LANFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARYANNE LAVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEG PICOTTE MACCLARENCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN NAUMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM NEWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL NOLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAVAN PUJARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLY SANGER JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REBECCA STAFFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN SHIPHERD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAUREEN SWEENEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDWARD SWYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WEILHEIMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK YANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD FOREMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CANON KAY HOTALING | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD MCGINN JR | CHIEF FINANCIAL OFFICER Officer | 24.37 | $224,993 | $24,368 |
| CHRISTOPHER LOSAVIO | CONTROLLER Highest-paid employee | 30 | $136,048 | $14,787 |
| FRANCIS ZERONDA | ADMINISTRATIVE COUNSEL Highest-paid employee | 0 | $114,295 | $12,873 |
| FARDIN SANAI | EXECUTIVE DIRECTOR Officer | 5 | $14,846 | $0 |
| HAVIDAN RODRIGUEZ | DIRECTOR Trustee or director | 1 | $6,156 | $0 |
| GEORGE HEARST III | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LEWIS WIENER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY BLACK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN STRAUGHTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NOLAN ALTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL BORYS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BULGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CASTELLANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAUL CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN DENNIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUIS DESORBO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIANNA DEFEO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELDA DI RE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA FUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY HAGGERTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH HYNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON KANTOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY KNAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROANNE KULAKOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM LANFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARYANNE LAVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEG PICOTTE MACCLARENCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN NAUMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM NEWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL NOLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBRA POLLARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLY SANGER JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REBECCA STAFFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN SHIPHERD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAUREEN SWEENEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDWARD SWYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WEILHEIMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK YANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD FOREMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CANON KAY HOTALING | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 WASHINGTON AVE UAB226, ALBANY, NY 12222-0100
- In care of
- % UNIV
- Principal officer (990 for 2024)
- FARDIN SANAI, 1400 WASHINGTON AVENUE UAB 226, ALBANY, NY 12222
- Signed the 990
- FARDIN SANAI, EXCUTIVE DIRECTOR
- Phone
- (518) 437-5090
- Website
- WWW.ALBANY.EDU/UAFOUNDATION
- Return prepared by
- BONADIO & CO LLP
Mission
SEE SCHEDULE O
Program accomplishments
- HIGHER EDUCATION PROGRAM ADMINISTER FUNDS FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE UNIVERSITY AT ALBANY, SUNY, ITS STUDENTS, FACULTY, STAFF AND ALUMNI. SCHOLARSHIPS, AWARDS, AND EMERGENCY STUDENT ASSISTANCE WERE PROVIDED TO 3,022 INDIVIDUALSExpenses $9,801,552 · grants $5,852,181 · revenue $416,702
- ADMINISTRATIVE SERVICES PROVIDE MANAGEMENT AND ACCOUNTING SERVICES TO ORGANIZATIONS WHOSE PURPOSE IS TO ADVANCE THE EDUCATIONAL AND RESEARCH MISSION OF THE STATE UNIVERSITY OF NEW YORK AND THE STATE UNIVERSITY OF NEW YORK AT ALBANY.revenue $567,319
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1503972
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $276,898,927
- Income (IRS master file)
- $36,804,407
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $31,566,579 | $12,180,143 | $276,898,927 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $47,756,593 | $12,318,112 | $238,704,903 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $23,832,386 | $10,214,952 | $183,740,004 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $16,220,435 | $8,774,634 | $162,512,695 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1503972).
Questions about UNIVERSITY AT ALBANY FOUNDATION
- What is the EIN of UNIVERSITY AT ALBANY FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY AT ALBANY FOUNDATION is 14-1503972.
- Is UNIVERSITY AT ALBANY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to UNIVERSITY AT ALBANY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY AT ALBANY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY AT ALBANY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY AT ALBANY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY AT ALBANY FOUNDATION?
- The 990 for the year ended June 30, 2025 names FARDIN SANAI.
- Who are the officers and directors of UNIVERSITY AT ALBANY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 37 people; 4 received compensation from the organization, the highest $238,210 (RICHARD MCGINN JR, CHIEF FINANCIAL OFFICER).
- How much revenue does UNIVERSITY AT ALBANY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $31,566,579, expenses of $12,180,143 and total assets of $276,898,927 at year end.
Other nonprofits in ALBANY
- RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK EIN 14-1368361 · last filed 990 for 2025
- EXCELSIOR UNIVERSITY EIN 16-1532850 · last filed 990 for 2025
- ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES EIN 14-1423161 · last filed 990 for 2025
- KIPP TECH VALLEY CHARTER SCHOOL EIN 20-1347748 · last filed 990 for 2025
- ALBANY LAW SCHOOL EIN 14-1338309 · last filed 990 for 2025
- FORT SCHUYLER MANAGEMENT CORPORATION EIN 27-1459023 · last filed 990 for 2025
- EMPIRE COMMONS STUDENT HOUSING INC EIN 14-1832659 · last filed 990 for 2025
- WORKFORCE DEVELOPMENT INSTITUTE INC EIN 56-2420045 · last filed 990 for 2025