Non-profit

College Futures Foundation (CFF)

Website:

collegefutures.org/

Location:

Oakland, CA

Tax ID:

94-2618667

Tax-Exempt Status:

501(c)(3)

Budget (2020):

Assets: $555,943,268

Type:

Education Charity Group

Formation:

2005

President and CEO:

Eloy Ortiz Oakley

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The College Futures Foundation (CFF) is an education charity that aims to bring higher education opportunities to students from less fortunate communities in California. It calls for an “equitable educational system of the future” which will coincide with an “inclusive” economy. 1

It has donated to numerous left-of-center organizations over time, including Asian Americans Advancing Justice, CalMatters, NextGen Policy, and the Tides Center. 2

Background

The College Futures Foundation (CFF) was founded in 2005. 3

The group claims the COVID-19 pandemic and the “nationwide racial reckoning” that occurred after the police-involved death of George Floyd exacerbated many challenges to the higher education model, including “college enrollment declines,” “student debt,” and “mental health.” It bemoans the lack of “affordable, career-connected training,” and calls for a systematic overhaul of the education system that guarantees “racial, social, and economic equity.” It opposes all forms of discrimination and aims to reduce the amount of debt owed by college students. 4

Financials

In 2022, the College Futures Foundation reported an income of $-3,753,028, expenses of $29,852,744, and net assets of $594,697,493. 5

The College Futures Foundation claims to receive and disburse about $20 million annually to achieve its goal of education equity. 6

Grantmaking

From 2017 to 2023, the College Futures Foundation donated $510,000 to Asian Americans Advancing Justice Southern California, a left-of-center civil rights organization. 7

From 2017 to 2023, the College Futures donated a total of $3,580,000 to CalMatters, a left-of-center media organization that produces voting guides  for Californians and tracks the legislation records of elected officials. It has also given $450,000 to Open Campus Media, a partner of CalMatters that practices journalism on community college campuses. 8

From 2022 to 2024, the College Futures gave $630,000 to NextGen Policy, a left-of-center environmentalist group. 9

From 2016 to 2023, the College Futures gave $900,000 to Tides Center, a major left-of-center fiscal sponsorship organization. 10

Leadership

As of 2024, Eloy Ortiz Oakley was the president and chief executive officer of the College Futures Foundation, a role which he assumed in 2022. He was previously the chancellor of the California Community Colleges, the largest higher education system in America. In that role, he “mostly” served “students of color, many of whom are low-income.” He also worked as the superintendent and president of the Long Beach Community College District (LBCCD) and as the vice president of college services at Oxnard College. 11

As of 2024, the executive assistant to the president was Dana Washington, who joined the organization in 2019. She played a similar role to the executives and directors of the Museum of the African Diaspora in San Francisco prior to joining the College Futures Foundation. 12

References

  1. “About.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/about/
  2. “Grants Database.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/grantees/grants-database/.
  3. “About.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/about/.
  4. “About.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/about/.
  5. Return of Organization Exempt From Income Tax (Form 990). College Futures Foundation. 2022. Part I. Lines 12, 26, 29.
  6. “About.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/about/.
  7. “Grants Database – Asian Americans Advancing Justice.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/grantees/grants-database/?fwp_keyword_search=asian%20americans%20advancing.
  8. Grants Database – CalMatters.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/grantees/grants-database/?fwp_keyword_search=calmatters.
  9. “Grants Database – NextGen.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/grantees/grants-database/?fwp_keyword_search=nextgen.
  10. “Grants Database – Tides.” College Futures Foundation. Accessed June 1, 2024. https://collegefutures.org/grantees/grants-database/?fwp_keyword_search=tides.
  11. “Staff.” College Futures Foundation. Accessed June 2, 2024. https://collegefutures.org/about/staff/.
  12. “Staff.” College Futures Foundation. Accessed June 2, 2024. https://collegefutures.org/about/staff/.
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: September 1, 1990

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2020 Dec Form PF $0 $0 $555,943,268 $14,167,931 $0 $0 $0 $0
    2019 Dec Form PF $0 $0 $521,308,127 $12,377,559 $0 $0 $0 $0 PDF
    2015 Dec Form PF $0 $0 $481,303,629 $12,091,069 $0 $0 $0 $0 PDF
    2014 Dec Form PF $0 $0 $491,484,457 $12,494,131 $0 $0 $0 $0 PDF
    2013 Dec Form PF $0 $0 $467,326,190 $11,468,876 $0 $0 $0 $0 PDF
    2012 Dec Form PF $0 $0 $427,137,138 $13,464,340 $0 $0 $0 $0 PDF
    2011 Dec Form PF $0 $0 $416,190,921 $17,733,572 $0 $0 $0 $0 PDF
    2010 Dec Form PF $0 $0 $427,108,190 $16,077,121 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    College Futures Foundation (CFF)

    1999 HARRISON ST STE 1900
    Oakland, CA 94612-4732