University Of Connecticut Foundation Incorporated

Organization Overview

University Of Connecticut Foundation Incorporated is located in Storrs, CT. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of Connecticut Foundation Incorporated employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Connecticut Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, University Of Connecticut Foundation Incorporated generated $150.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $72.2m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS, AWARDS, AND FELLOWSHIPS THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS, RESTRICTED TO THE SUPPORT OF FINANCIAL AID FOR UNIVERSITY OF CONNECTICUT STUDENTS. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY, FEDERAL, AND STATE FINANCIAL AID REQUIREMENTS, THE UNIVERSITY SELECTS THE STUDENT RECIPIENTS AND MAKES THE AWARDS DIRECTLY TO STUDENTS. AFTER RECEIVING APPROPRIATE DOCUMENTATION FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FINANCIAL AID EXPENDITURES. THE EXPENDITURES ARE FUNDED FROM INVESTMENT INCOME EARNED ON ENDOWMENT FUNDS AND GIFTS RESTRICTED FOR FINANCIAL AID.


PROGRAM SERVICES THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVES GIFTS ON BEHALF OF DONORS, RESTRICTED TO THE SUPPORT OF PROGRAMS AT THE UNIVERSITY. GENERALLY, THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURES AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY.


ENDOWED CHAIRS AND PROFESSORSHIPS THE UNIVERSITY OF CONNECTICUT FOUNDATION, INC. RECEIVED GIFTS ON BEHALF OF DONORS RESTRICTED TO SUPPORT OF UNIVERSITY OF CONNECTICUT FACULTY COMPENSATION AND RESEARCH. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY AND STATE PERSONNEL POLICIES AND FOR W-2 REPORTING PURPOSES, THE UNIVERSITY PAYS ALL FACULTY DIRECTLY FOR COMPENSATION RELATED ITEMS. AFTER RECEIVING APPROPRIATE DOCUMENTS FROM THE UNIVERSITY, THE FOUNDATION PROVIDES GRANTS TO THE UNIVERSITY TO FUND FACULTY COMPENSATION EXPENDITURES. FOR NON-COMPENSATION EXPENDITURES IN SUPPORT OF FACULTY (E.G. RESEARCH MATERIALS AND EQUIPMENT), GENERALLY THE EXPENDITURE IS MADE TO THE VENDOR DIRECTLY BY THE UNIVERSITY WITH THE FOUNDATION THEN PROVIDING A GRANT TO THE UNIVERSITY TO FUND THE EXPENDITURE AFTER RECEIVING APPROPRIATE DOCUMENTATION. OCCASIONALLY, THE FOUNDATION WILL PAY THE VENDOR DIRECTLY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ruffalo Cody Hldgsruffalo Noel Lev
Phone Solicitations
$485,105
Stepstone Group Lp
Invest. Consulting
$356,250
Apollojets Llc
Private Charter
$193,409
Community Counselling Service Co Ll
Consulting Services
$354,408
Blackrock Financial Management Inc
Advisory Services
$500,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$116,960
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$57,211,602
Noncash contributions included in lines 1a–1f $7,056,068
Total Revenue from Contributions, Gifts, Grants & Similar$57,328,562
Total Program Service Revenue$12,500,126
Investment income $9,955,348
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $71,117,493
Net Income from Fundraising Events -$75,279
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $150,826,250

Grants Recieved

Over the last fiscal year, we have identified 93 grants that University Of Connecticut Foundation Incorporated has recieved totaling $6,017,314.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$771,469
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$709,659
Hartford Foundation For Public Giving

Hartford, CT

PURPOSE: SCHOLARSHIPS

$622,972
Britta & Denis J Nayden Charitable Foundation Ltd

Jupiter, FL

PURPOSE: GENERAL OPERATING SUPPORT

$500,000
The Frederick A Deluca Foundation Inc

Pompano Beach, FL

PURPOSE: CONNECTICUT COMMITMENT SCHOLARSHIP PROGRAM

$420,000
Gustavus & Louise Pfeiffer

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$250,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$610,362,228
Earnings-$26,304,296
Admin Expense$9,618,335
Net Contributions$23,332,265
Other Expense$20,083,657
Ending Balance$577,688,205

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