THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY

SAN JOSE, CA, 95192-1000 (408) 924-1765 Est. 2004 EIN 83-0403915
B11— Education Form 990 501(c)(3)
WWW.SJSU.EDU/TOWERFOUNDATION

Mission

The Tower Foundation's mission is to encourage philanthropy amoung SJSU alumni and friends by providing high quality, reliable, and responsive charitable giving services, donor stewardship, and accurate accounting for all gifts.

Giving Portfolio

Total Grants
12
Total Giving
$29.0M
Recipients
12
Years Active
2016 - 2023
Avg grant: $3,037,493 Median: $3,448,268

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20231$4.2M $4.2M01
20221$3.7M $3.7M01
20212$4.2M $2.1M02
20203$4.4M $1.5M03
20193$4.2M $1.4M21
20171$3.4M $3.4M01
20161$5.0M $5.0M10

Sectors Funded

Education
2

Top States

California
12

Grantee Size Profile

Over $50M
2

Top Grantees

SAN JOSE STATE UNIVERSITY
CA - 5 grants
$20.6M
San Jose State University
CA - 2 grants
$7.9M
CSU MONTEREY BAY
CA - 3 grants
$69K

Grants Awarded · 2 grants

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Financials

Total Revenue
$40,849,599
Total Expenses
$26,052,888
Net Assets
$276,530,861
523 employees 24 volunteers
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 43.1%
Expenses ↓ 2.3%
Revenue Sources
Contributions 52.6% Earned revenue 9.8% Investment 31.4% Other 6.0%
Expense Breakdown
Program 83.4% Management 16.6%

Officers & Trustees (34)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2023 Form 990$40,849,599 $26,052,888$276,530,861
2022 Form 990$28,549,029 $26,670,626$250,793,059
2021 Form 990$32,559,828 $22,673,220$233,667,128
2020 Form 990$46,353,106 $23,148,854$259,681,559
2019 Form 990$29,787,267 $24,652,766$201,696,992
2017 Form 990$35,594,581 $30,060,759$207,051,127
2016 Form 990$32,989,103 $31,444,958$200,967,100

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EIN: 83-0403915 · Source: IRS Form 990 e-file data