United Negro College Fund Inc

Organization Overview

United Negro College Fund Inc is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 03/2022, United Negro College Fund Inc employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Negro College Fund Inc 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 03/2021, United Negro College Fund Inc generated $223.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $175.2m during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, United Negro College Fund Inc has awarded 375 individual grants totaling $648,132,797. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENSURE ALL AMERICANS HAVE EQUAL ACCESS TO A COLLEGE EDUCATION THAT PREPARES (SEE SCHEDULE O) THEM FOR RICH INTELLECTUAL LIVES, COMPETITIVE AND FULFILLING CAREERS, ENGAGED CITIZENSHIP AND SERVICE TO OUR NATION.UNCF HAS HELPED MORE THAN 500,000 STUDENTS EARN THEIR COLLEGE DEGREES SINCE ITS FOUNDING IN 1944. UNCF IS THE NATION'S LARGEST PRIVATE SCHOLARSHIP PROVIDER TO MINORITY GROUP MEMBERS. EACH YEAR, WE AWARD MORE THAN $100 MILLION IN SCHOLARSHIPS TO STUDENTS ATTENDING MORE THAN 1,100 SCHOOLS ACROSS THE COUNTRY, INCLUDING OUR PRESTIGIOUS NETWORK OF 37 MEMBER HBCUS. UNCF MEMBER HBCUS ARE KNOWN FOR THEIR ACHIEVEMENTS - AWARDING UNDERGRADUATE AND GRADUATED DEGREES - PROVIDING IMPRESSIVE RESULTS THROUGH RESEARCH AND PROMOTING ECONOMIC BENEFITS THAT YIELD MAJOR IMPACT FOR THEIR COMMUNITIES, REGIONS, STATES, THE NATION, AND THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIRECT PROGRAM EXPENDITURES RELATED TO DISBURSEMENTS OF SCHOLARSHIPS AND COSTS FOR EVALUATING ELIGIBILITY FOR SCHOLARSHIPS AND EXPENSES. ASSOCIATED WITH PROVIDING TECHNICAL ASSISTANCE TO MEMBER SCHOOLS AND OTHER INSTITUTIONS.THE WORK OF UNCF'S GROWING PORTFOLIO OF SCHOLARSHIP PROGRAMS IS UNRIVALED AND INCLUDES A VARIETY OF SCHOLARSHIP PROGRAMS MANAGED BY UNCF, SUCH AS THE FUND II FOUNDATION UNCF STEM SCHOLARS PROGRAM, UNCF/KOCH SCHOLARS PROGRAM, K-12 EDUCATION FELLOWSHIP AND THE FREDERICK DOUGLASS BICENTENNIAL SCHOLARSHIP PROGRAM. THE PANDA CARES SCHOLARS PROGRAM HAS EXPANDED TO A THREE-YEAR RENEWABLE SCHOLARSHIP AWARD, AND THE FUND II STEM SCHOLARS PROGRAM COMPLETED ITS THIRD (SEE SCHEDULE O)COHORT, CONTINUING TO BUILD ON AN IMPRESSIVE RECORD OF STUDENT OUTCOMES. THE WALTON FELLOWS PROGRAM, AN EDUCATIONAL REFORM PROGRAM AIMED AT HELPING INFORM NEW EDUCATORS ON HOW TO IMPROVE THE K-12 EDUCATION SYSTEM FROM THE INSIDE OUT, CELEBRATED ITS 10TH YEAR. TOGETHER, THESE UNCF SCHOLARSHIP AND STUDENT PROFESSIONAL DEVELOPMENT (INTERNSHIP) PROGRAMS AS WELL AS DOZENS OF OTHER SCHOLARSHIPS, INTERNSHIPS, FELLOWSHIPS AND FACULTY DEVELOPMENT OPPORTUNITIES ADD UP TO SOME OF THE NEWEST, BEST, AND STRONGEST OFFERINGS UNCF HAS FOR STUDENTS AND EDUCATORS, WITH MUCH MORE TO COME. HELPING YOUNG PEOPLE, ESPECIALLY AFRICAN AMERICAN AND OTHER MINORITY STUDENTS, GET AN EDUCATION THAT STARTS ON THE FIRST DAY OF PRESCHOOL AND DOESN'T END UNTIL COLLEGE GRADUATION IS WHAT UNCF IS ALL ABOUT. A THREE-PILLAR STRATEGY GUIDES OUR MISSION: POSITIONING MEMBER INSTITUTIONS AS A VIABLE COLLEGE OPTION FOR STUDENTS AND INVESTING IN INSTITUTIONAL CAPACITY TO IMPROVE STUDENT OUTCOMES; CREATING TRANSFORMATIONAL SUPPORT PROGRAMS TO ENSURE STUDENTS ARE ENROLLING AND PERSISTING THROUGH COLLEGE COMPLETION; BUILDING AWARENESS OF EDUCATIONAL ATTAINMENT AND CULTIVATING COLLEGE-GOING BEHAVIORS WITHIN THE AFRICAN AMERICAN COMMUNITY. THE ONGOING RAPID RISE IN THE COST OF COLLEGE ATTENDANCE, THE INABILITY TO EARN FUNDS DURING THE COVID-19 PANDEMIC AND DECREASING FINANCIAL AID HAVE CAUSED MORE AND MORE STUDENTS TO APPLY TO UNCF FOR ASSISTANCE EACH YEAR. HOWEVER, WE CAN SUPPORT ONLY ONE OUT OF EVERY 10 STUDENTS WHO APPLIES. THESE STUDENTS ARE OUR FUTURE HEALTH PROFESSIONALS, SOCIAL WORKERS, TEACHERS, GOVERNMENT POLICY MAKERS, ENTREPRENEURS, BUSINESS LEADERS AND MILITARY MEN AND WOMEN - THEY ARE THE FUTURE PROSPERITY OF OUR NATION. WE THANK ALL DONORS, PAST AND CURRENT FOR THEIR FINANCIAL CONTRIBUTIONS AND VOLUNTEERISM AND HOPE NEW DONORS ARE INSPIRED TO SUPPORT UNCF'S WORTHY MISSION BY GIVING AS DEEPLY AS POSSIBLE BECAUSE "A MIND IS A TERRIBLE THING TO WASTE, BUT A WONDERFUL THING TO INVEST IN."


THE GATES MILLENNIUM SCHOLARS PROGRAM (GMSP) COVERS COST OF EDUCATION TO SUPPORT UNDERGRADUATE PROGRAMS FOR OUTSTANDING STUDENTS OF COLOR WITH SIGNIFICANT FINANCIAL NEED, AND THE COSTS THROUGH DOCTORAL DEGREES IN SEVEN TARGET DISCIPLINES FOR STUDENTS SELECTED AS GATES MILLENNIUM SCHOLARS. GMSP, THE MOST EXTENSIVE PROGRAM IN UNCF'S HISTORY, WAS AWARDED IN 1999 BY THE BILL AND MELINDA GATES FOUNDATION FOR $1.6 BILLION. THIS 20-YEAR PROGRAM SUNSETS IN 2029.


DISTRIBUTIONS TO MEMBER INSTITUTIONS.


INSTITUTIONAL SERVICES PROVIDED TO MEMBER INSTITUTIONS OF UNCF AND OTHER PROGRAM SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rr Donnelley & Sons Co
Printing
$3,520,530
Mckinsey And Company Inc
Management Consultants
$7,468,714
Deloitte Consulting Llp
Management Consultants
$2,452,698
Community Counseling Service Co Llc
Strategic Fund Devmt
$1,197,000
Blackbaud
Software Supplier
$461,085
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$1,155,404
Membership dues$0
Fundraising events$10,797,064
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$203,521,995
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$215,474,463
Total Program Service Revenue$293,158
Investment income $5,473,251
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,516,172
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $223,757,044

Grants Awarded

Over the last fiscal year, United Negro College Fund Inc has awarded $88,064,336 in support to 40 organizations.

Grant RecipientAmount

HISPANIC SCHOLARSHIP FUND

Org PageRecipient Profile

Gardena, CA

PURPOSE: GRANTS & SCHOLARSHIPS

$10,723,581

Atlanta, GA

PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN

$7,954,971

CLARK ATLANTA UNIVERSITY

Org PageRecipient Profile

Atlanta, GA

PURPOSE: GRANTS & SCHOLARSHIPS, TECH ASSIST, AREA OFFICE JOINT CAMPAIGN

$7,873,258

XAVIER UNIVERSITY

Org PageRecipient Profile

New Orleans, LA

PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN

$6,941,618

CLAFLIN UNIVERSITY

Org PageRecipient Profile

Orangeburg, SC

PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN

$6,344,670

ASIAN AND PACIFIC ISLANDER

Org PageRecipient Profile

Washington, DC

PURPOSE: GRANTS & SCHOLARSHIPS

$5,226,685
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that United Negro College Fund Inc has recieved totaling $753,976.

Awarding OrganizationAmount
Gray Foundation

Cohoes, NY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

$500,000
Gray Foundation

Cohoes, NY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

$240,276
Owens & Minor Foundation

Mechanicsville, VA

PURPOSE: UNCF EMERGENCY STUDENT AID (ESA) PROGRAM- THIS PROGRAM HELPS UNCF STUDENTS STAY IN COLLEGE AND COMPLETE THEIR DEGREES. IT MAKES THE FOLLOWING SIX EMERGENCY AID FUNDING OPTIONS AVAILABLE TO STUDENTS ATTENDING UNCF-MEMBER INSTITUTIONS: DEGREE COMPLETION AID; EMERGENCY RETENTION GRANTS; EMERGENCY LOANS; FOOD INSECURITY GRANTS; HOUSING INSECURITY PAYMENTS; NATURAL DISASTER RELIEF FUND

$10,000
David B Kriser Foundation Inc

New York, NY

PURPOSE: GENERAL CONTRIBUTION

$1,200
Wagner Family Charible Tr Ua 11172000

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$1,000
Bess Family Foundation

Wilmington, DE

PURPOSE: GIFT TO FUND UNDERGRADUATE SCHOLARSHIP FUND

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$124,606,106
Earnings$10,037,391
Net Contributions$25,970,929
Grants$5,154,078
Ending Balance$155,460,348

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