Und Alumni Association And Foundation

Und Alumni Association And Foundation Overview

Und Alumni Association And Foundation is located in Grand Forks, ND. The organization was established in 1978. 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 06/2020, Und Alumni Association And Foundation employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Und Alumni Association And Foundation generated $55.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $34.2m during the year ending 06/2020. While expenses have increased by 1.2% per year over the past 5 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.

Since 2016, Und Alumni Association And Foundation has awarded 50 individual grants totaling $89,857,923. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT UND STUDENTS, FACULTY, ALUMNI & COMMUNITY BY PROVIDING RESOURCES FOR GROWTH & DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

STUDENT SUPPORT IS A TOP PRIORITY. IN FY20, THE ORGANIZATION GRANTED OVER $9.5 MILLION TO THE UNIVERSITY OF NORTH DAKOTA TO BE USED TO AWARD SCHOLARSHIPS TO STUDENTS IN THE FISCAL YEAR. THE STUDENT SUPPORT PRIORITY TO INCREASE ENDOWMENT SUPPORT FOR SCHOLARSHIPS WILL ENABLE THE UNIVERSITY TO RECRUIT AND RETAIN TOP STUDENTS.DURING 2020, THE WORLDWIDE CORONAVIRUS PANDEMIC IMPACTED NATIONAL AND GLOBAL ECONOMIES. THE ORGANIZATION IS CLOSELY MONITORING ITS OPERATIONS, LIQUIDITY AND CAPITAL RESOURCES AND IS ACTIVELY WORKING TO MINIMIZE THE CURRENT AND FUTURE IMPACT OF THIS UNPRECEDENTED SITUATION. ALL FUNDRAISING EVENTS OCCURRING AFTER MARCH 2020 INCLUDING THE CHAMPIONS BALL FOR FY20. ADDITIONALLY, IN FY20, WE STARTED 2 FUNDRAISING INITIATIVES TO SUPPORT STUDENTS DURING COVID. THE UND ANGEL FUND - HTTPS://UNDALUMNI.ORG/ANGEL WAS ESTABLISHED TO ASSIST STUDENTS THAT DUE TO PRESENT CIRCUMSTANCES ARE AFFECTED IN WAYS THAT ARE BEYOND THEIR CONTROL. THE UND ANGEL FUND PROVIDES FINANCIAL HELP FOR STUDENTS SO THESE KINDS OF CHALLENGES AREN'T A BARRIER TO COMPLETING THEIR EDUCATION. TOTAL FY20 SCHOLARSHIPS: $112,608THE OPEN DOOR SCHOLARSHIP - HTTPS://UNDALUMNI.ORG/OPENDOOR WAS ESTABLISHED TO PROVIDE TUITION ASSISTANCE TO HELP STUDENTS FINISH THEIR DEGREES. UND STUDENT FINANCE WILL TAKE INTO ACCOUNT THE UNIQUE FINANCIAL SITUATION OF EVERY STUDENT AND AWARD AN AVERAGE OF $1,000 TO THOSE WHO QUALIFY. NONE OF THE SCHOLARSHIPS WERE PAID OUT UNTIL FY21 BUT THE FUNDRAISING BEGAN IN FY20.


THE ORGANIZATION PROVIDED $11 MILLION IN DIRECT AND INDIRECT SUPPORT TO THE UNIVERSITY OF NORTH DAKOTA FOR FACULTY INITIATIVES AND CAMPUS IMPROVEMENT PROJECTS AS DIRECTED BY DONORS' GIFT DESIGNATIONS, AND FOR THE UNIVERSITY'S PRIORITY NEEDS DURING THE PAST FISCAL YEAR.


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Und Alumni Association And Foundation Vendors

Vendor Name (Service)Compensation
Blackbaud Inc
Software Management
$172,546
Forum Communications Printing
Printing
$138,320
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,036,687
Fundraising events$74,859
Related organizations$0
Government grants $1,865,418
All other contributions, gifts, grants, and similar amounts not included above$35,630,067
Noncash contributions included in lines 1a–1f $6,673,082
Total Revenue from Contributions, Gifts, Grants & Similar$40,607,031
Total Program Service Revenue$7,731,279
Investment income $6,449,333
Tax Exempt Bond Proceeds $0
Royalties $241,789
Net Rental Income $147,920
Net Gain/Loss on Asset Sales $2,390
Net Income from Fundraising Events -$12,158
Net Income from Gaming Activities $1,000
Net Income from Sales of Inventory $2,020
Miscellaneous Revenue$0
Total Revenue $55,226,015

Und Alumni Association And Foundation Grants Awarded

Over the last fiscal year, Und Alumni Association And Foundation has awarded $20,573,851 in support to 10 organizations.

Grant RecipientAmount

UNIVERSITY OF NORTH DAKOTA-OTHER

PURPOSE: Scholarship, grants and operating support.

$5,230,589

UNIVERSITY OF NORTH DAKOTA-ATHLETICS

PURPOSE: Scholarship, grants and operating support.

$4,951,186

UNIVERSITY OF NORTH DAKOTA-SCHOOL OF ENGINEERING & MINES

PURPOSE: Scholarship, grants and operating support.

$4,843,065

UNIVERSITY OF NORTH DAKOTA-COLLEGE OF BUSINESS & PUBLIC ADMIN

PURPOSE: Scholarship, grants and operating support.

$1,783,603

UNIVERSITY OF NORTH DAKOTA-MEDICINE & HEALTH SCIENCES

PURPOSE: Scholarship, grants and operating support.

$1,579,565

UNIVERSITY OF NORTH DAKOTA-ARTS & SCIENCES

PURPOSE: Scholarship, grants and operating support.

$959,369
View Grant Profile

Und Alumni Association And Foundation Grants Recieved

Over the last fiscal year, we have identified 4 grants that Und Alumni Association And Foundation has recieved totaling $13,000.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$7,000
Northwest North Dakota Community Foundation Inc

Williston, ND

PURPOSE: EQUINOR FUND GRANT FOR STEM CAMP, COLLEGE OF ENGINEERING & MINES

$5,000
Synchrony Foundation

Stamford, CT

PURPOSE: EMPLOYER MATCHING GIFT PROGRAM

$500
Synchrony Foundation

Stamford, CT

PURPOSE: EMPLOYER MATCHING GIFT PROGRAM

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$264,475,000
Earnings$4,764,263
Admin Expense$4,988,077
Net Contributions$1,504,000
Grants$4,141,186
Ending Balance$261,614,000

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