University Of Alaska Foundation

Organization Overview

University Of Alaska Foundation is located in Fairbanks, AK. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, University Of Alaska Foundation generated $30.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $18.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO SEEK, SECURE, AND STEWARD PHILANTHROPIC SUPPORT TO BUILD EXCELLENCE AT THE UNIVERSITY OF ALASKA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACADEMIC PROGRAM SUPPORT: THE FOUNDATION ACCEPTS, MANAGES, AND ACTS AS FIDUCIARY FOR ALL MONETARY GIFTS RECEIVED ON BEHALF OF THE UNIVERSITY OF ALASKA (UA). OVER 50% OF PROGRAM EXPENSES GO TO SUPPORT ACADEMIC SERVICES, FACILITIES, AND RELATED INFRASTRUCTURE ACROSS THE UA SYSTEM


STUDENT FINANCIAL AID: THE FOUNDATION RECEIVES MONETARY CONTRIBUTIONS FROM DONORS FOR THE BENEFIT OF THE UNIVERSITY OF ALASKA STUDENTS. SCHOLARSHIPS ARE AVAILABLE TO STUDENTS BASED ON MERIT, FINANCIAL NEED, OUTSTANDING ACHIEVEMENT IN SPECIALIZED FIELDS, OR ANY COMBINATION THESE CRITERIA. IN FY20, THE FOUNDATION AWARDED OVER 1400 SCHOLARSHIPS TO UA STUDENTS


STUDENT & PUBLIC SUPPORT: THE FOUNDATION ADMINISTERS CHARITABLE GIFTS INTENDED BY DONORS TO ENHANCE STUDENT LIFE, COMMUNITY ENGAGEMENT, AND PUBLIC LEARNING. THESE INCLUDE ATHLETICS, RADIO/TV STATIONS, LIBRARY, MUSEUM, AND COOPERATIVE EXTENSION SERVICES AMONG OTHERS. SUPPORT IS ACCOMPLISHED THROUGH REIMBURSEMENT OF UA PERSONNEL COSTS, TRAVEL, OPERATING EXPENSES,AND CAPITAL EXPENDITURES.


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Board, Officers & Key Employees

Name (title)Compensation
Linda Hulbert
Secretary
$0
Julee Farley
Treasurer
$0
Cindy Cartledge
Chair
$0
Susan Foley
President
$0
Stan Mishin
Dir Of Finance
$0
Dan White
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
University Of Alaska
Foundation Staffing
$2,581,093
Ruffalo Noel Levitz Llc
Fundraising
$297,679
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$30,764
Fundraising events$72,583
Related organizations$1,620,543
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$18,157,985
Noncash contributions included in lines 1a–1f $147,752
Total Revenue from Contributions, Gifts, Grants & Similar$19,881,875
Total Program Service Revenue$2,636
Investment income $3,275,084
Tax Exempt Bond Proceeds $0
Royalties $864
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,925,757
Net Income from Fundraising Events -$37,306
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,048,910

Grants Recieved

Over the last fiscal year, we have identified 7 grants that University Of Alaska Foundation has recieved totaling $133,812.

Awarding OrganizationAmount
National 4-H Council

Chevy Chase, MD

|

$87,649
International Foundation For Research In Experimental Economiic

Tucson, AZ

PURPOSE: EXPERIMENTAL ECONOMICS EDUCATION

$11,000
Stanton & Ernestine Bennett Charitable Tr

Lake Oswego, OR

PURPOSE: TO FUND ENGINEERING SCHOLARSHIP IN THE NAME OF STANTON D. BENNETT

$10,000
Stanton & Ernestine Bennett Charitable Tr

Lake Oswego, OR

PURPOSE: TO FUND ENGINEERING SCHOLARSHIP IN THE NAME OF STANTON D. BENNETT

$10,000
National Recording Preservation Foundation

Washington, DC

PURPOSE: DIGITIZE AND PRESERVE RECORDINGS OF THE ALASKA ALEUT PEOPLES SPEAKING IN THE UNANGAM TUNUU LANGUAGE

$8,050
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$6,113
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$210,142,743
Earnings$2,882,061
Admin Expense$1,692,799
Net Contributions$6,720,021
Grants$6,778,762
Ending Balance$211,273,264

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