University Of Illinois Foundation
- Assets
- $2.6b
- Revenue
- $352.6m
- Investments
- $1.7b
- Employees
- 168
- Location
- Urbana, IL
- Founding
- 06/1948
- Data as of
- 06/2020
- EIN
- 37-6006007
Organization Overview
University Of Illinois Foundation is located in Urbana, IL. The organization was established in 1948. 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 06/2021, University Of Illinois Foundation employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Illinois Foundation 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 06/2020, University Of Illinois Foundation generated $352.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $272.5m during the year ending 06/2020. While expenses have increased by 5.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF ILLINOIS FOUNDATION'S CORPORATE MISSION IS TO ADVANCE THE INTERESTS AND WELFARE OF THE UNIVERSITY OF ILLINOIS. AS STATED IN ITS ARTICLES OF INCORPORATION, THE ROLE OF THE FOUNDATION IS PROCURING PRIVATE SUPPORT ON BEHALF OF THE UNIVERSITY. THE FOUNDATION FUNCTIONS AS THE INDEPENDENT OFFICIAL FUNDRAISING AND PRIVATE GIFT-RECEIVING ORGANIZATION FOR THE UNIVERSITY OF ILLINOIS. THE FOUNDATION WORKS HAND-IN-HAND WITH THE PRESIDENT OF THE UNIVERSITY OF ILLINOIS SYSTEM AND THE CHANCELLOR FOR EACH UNIVERSITY TO IDENTIFY STRATEGIC PRIVATE SUPPORT PRIORITIES, CREATE SUITABLE FUNDRAISING STRATEGIES AND TACTICS, AND IMPLEMENT AND EVALUATE APPROPRIATE DEVELOPMENT PROGRAMS. IN ITS ROLE OF DEVELOPING PRIVATE GIFTS, THE FOUNDATION LEADS THE EFFORT TO PLAN AND MOUNT SPECIAL FUNDRAISING INITIATIVES, AS WELL AS ANNUAL GIVING PROGRAMS AND MAJOR CAPITAL CAMPAIGNS, WORKING IN COLLABORATION WITH A NETWORK OF UNIVERSITY DEVELOPMENT PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF ILLINOIS FOUNDATION MAKES DISTRIBUTIONS TO THE UNIVERSITY OF ILLINOIS WHICH USES THESE DISTRIBUTIONS IN ACCORDANCE WITH DONOR INTENT FOR MANY PURPOSES, INCLUDING STUDENT SUPPORT, FACULTY SUPPORT, AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Moore Jr President & CEO | Officer | 40 | $774,997 |
Ellen J Ellison-End 421 Chief Investment Officer | Officer | 40 | $727,537 |
Edward B Creedon Interim Chief Investment Officer | Officer | 40 | $353,967 |
Shari M Fox Senior Vice President | Officer | 40 | $308,302 |
Edward F Ewald Executive Vice President | Officer | 40 | $301,120 |
Christine C Devocelle Treasurer & CFO | Officer | 40 | $288,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunriver Management Llc Investment Management | 6/29/21 | $1,182,538 |
One Fin Capital Management Investment Management | 6/29/21 | $761,264 |
Capsquare Asia Partners Investment Management | 6/29/21 | $972,314 |
Permian Investment Partners Investment Management | 6/29/21 | $928,292 |
Juniper Capital Advisors Lp Investment Management | 6/29/21 | $856,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,511,498 |
| Investment income | $14,899,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $930,625 |
| Net Gain/Loss on Asset Sales | $41,202,830 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,648,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,961,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,651,730 |
| Pension plan accruals and contributions | $1,062,510 |
| Other employee benefits | $3,116,147 |
| Payroll taxes | $802,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $152,815 |
| Fees for services: Accounting | $432,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,369 |
| Fees for services: Investment Management | $17,607,667 |
| Fees for services: Other | $2,353,380 |
| Advertising and promotion | $39,575 |
| Office expenses | $1,179,019 |
| Information technology | $1,557,954 |
| Royalties | $0 |
| Occupancy | $678,464 |
| Travel | $1,036,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,775,735 |
| Interest | $201,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,377,995 |
| Insurance | $30,065 |
| All other expenses | $0 |
| Total functional expenses | $272,525,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,304,208 |
| Pledges and grants receivable | $248,000,000 |
| Accounts receivable, net | $2,101,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,404 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,488,844 |
| Investments—publicly traded securities | $383,428,815 |
| Investments—other securities | $1,729,726,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,718,519 |
| Total assets | $2,568,738,108 |
| Accounts payable and accrued expenses | $8,133,946 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $7,878,993 |
| Other liabilities | $49,137,161 |
| Total liabilities | $65,150,100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,503,588,008 |
Grants Awarded
Over the last fiscal year, University Of Illinois Foundation has awarded $270,327,301 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Urbana, IL PURPOSE: Support for the University of Illinois | $269,867,271 |
Urbana, IL PURPOSE: Support on behalf of the University of Illinois | $306,030 |
Champaign, IL PURPOSE: Support on behalf of the University of Illinois | $154,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that University Of Illinois Foundation has recieved totaling $84,173.
| Awarding Organization | Amount |
|---|---|
Justus Seaman Irrev Tr Ua M13589003 Decatur, IL PURPOSE: EDUCATION | $47,045 |
Residuary Trust Under Will Of H Ogden Brainard Dtd 072590 Charleston, IL PURPOSE: EDUCATIONAL PURPOSES FOR THE COLLEGE OF LAW | $15,628 |
United Food And Commercial Workers International Union Des Plaines, IL PURPOSE: CIVIC ORGANIZATION | $10,000 |
Chipman Coker Foundation Greenville, DE PURPOSE: FUTHERANCE OFOPERATING PROGRAMSOR CAPITAL EXPENDITURES | $5,000 |
Laurence E Herman Family Foundation Oak Brook, IL PURPOSE: ADVOCACY | $2,200 |
Berry Foundation Inc Wichita, KS PURPOSE: ANNUAL GIFT | $2,000 |
Endowment Analysis
| Beg. Balance | $2,112,155,909 |
| Earnings | $598,310,179 |
| Admin Expense | $45,184,490 |
| Net Contributions | $105,262,836 |
| Other Expense | $4,376,184 |
| Ending Balance | $2,766,168,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Medical Services Foundation Inc Lexington, KY | $270,966,937 | $425,440,367 |
University Of Wisconsin Foundation Madison, WI | $5,692,461,410 | $739,045,115 |
University Of Kentucky Research Foundation Lexington, KY | $188,775,172 | $369,852,057 |
University Of Illinois Foundation Urbana, IL | $2,568,738,108 | $352,648,216 |
Indiana University Foundation Bloomington, IN | $3,105,176,215 | $228,544,851 |
Purdue Research Foundation West Lafayette, IN | $3,096,906,780 | $183,185,294 |
State University Of Iowa Foundation Iowa City, IA | $1,864,654,286 | $132,809,685 |
Iowa State University Foundation Ames, IA | $1,790,439,488 | $196,378,537 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |