Kansas University Endowment Assoc

Organization Overview

Kansas University Endowment Assoc, operating under the name KU Endowment, is located in Lawrence, KS. The organization was established in 1934. 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, KU Endowment employed 306 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, KU Endowment generated $228.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $187.5m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, KU Endowment has awarded 15 individual grants totaling $891,054,222. 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

UNIVERSITY SUPPORT

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM AND OTHER EDUCATIONAL SUPPORT FROM PRIVATE DONORS STRENGTHENS ACADEMIC PROGRAMS AND BRINGS TOP-FLIGHT SCHOLARS, THOUGHTFUL LECTURERS AND BREATHTAKING PERFORMANCES TO KU. IT ALSO EXPANDS THE SCOPE OF OUTREACH PROGRAMS THROUGHOUT THE STATE AND SUPPORTS VALUABLE ACQUISITIONS BY KU'S LIBRARIES AND MUSEUMS.


FACULTY SUPPORT INCLUDES OVER 200 NAMED, ENDOWED POSITIONS, INCLUDING 3 NEW FACULTY SUPPORT FUNDS ENDOWED DURING THIS FISCAL YEAR. PRIVATE FUNDING AUGMENTS SALARIES AND SUPPORTS AWARDS, PROFESSIONAL TRAVEL AND PROFESSIONAL DEVELOPMENT. THIS SUPPORT IS INVALUABLE IN CREATING THE VIBRANT TEACHING AND RESEARCH ENVIRONMENT THAT ONE EXPECTS AT AN INTERNATIONAL RESEARCH UNIVERSITY.


STUDENT SUPPORT - VIRTUALLY ALL PRIVATELY FUNDED SCHOLARSHIPS, AWARDS AND FELLOWSHIPS PROVIDED BY KU COME FROM DONOR CONTRIBUTIONS TO KU ENDOWMENT. THIS YEAR, 79 NEW ENDOWED SCHOLARSHIP AND STUDENT SUPPORT FUNDS WERE CREATED AND ABOUT 8,200 STUDENTS RECEIVED FINANCIAL ASSISTANCE FROM PRIVATELY FUNDED SCHOLARSHIPS AT KU ENDOWMENT.


FACILITIES SUPPORT - CONSTRUCTION, FURNISHINGS AND EQUIPMENT FUNDED BY PRIVATE GIVING FLUCTUATES FROM YEAR TO YEAR DEPENDING ON THE TIMELINE OF CONSTRUCTION PROJECTS. THIS FISCAL YEAR SAW THE COMPLETION OF THE STAUFFER-FLINT HALL, SCHOOL OF JOURNALISM AND MASS COMMUNICATIONS, RENOVATION. MORE THAN TWO-THIRDS OF THE UNIVERSITY OF KANSAS BUILDINGS AND ABOUT 85% OF THE LAND AVAILABLE FOR CAMPUS EXPANSION WERE MADE POSSIBLE BY PRIVATE GIFTS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Vice Chair, Executive Committee-Volunteer (ending Oct'19)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge Associates Llc
Investment Consulting
$2,269,408
Lathrop And Gage Llp
Legal Services
$400,067
1607 Capital Partners Llc
Investment Management
$285,137
Hutton Corporation
Construction
$297,789
Harvest Graphics Llc
Printing
$145,149
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,467,724
Related organizations$70,462
Government grants $21,650,160
All other contributions, gifts, grants, and similar amounts not included above$120,827,169
Noncash contributions included in lines 1a–1f $11,259,967
Total Revenue from Contributions, Gifts, Grants & Similar$144,015,515
Total Program Service Revenue$3,106,506
Investment income $46,286,667
Tax Exempt Bond Proceeds $0
Royalties $490,911
Net Rental Income $0
Net Gain/Loss on Asset Sales $28,822,826
Net Income from Fundraising Events -$173,140
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $228,491,176

Grants Awarded

Over the last fiscal year, Kansas University Endowment Assoc has awarded $159,991,182 in support to 3 organizations.

Grant RecipientAmount

THE UNIVERSITY OF KANSAS

PURPOSE: Student scholarships and fellowships, student and faculty awards and prizes, faculty and staff salary support, general program and educational support, and facilities support for the University of Kansas and its controlled organizations.

$147,202,816

THE UNIVERSITY OF KANSAS HOSPITAL AUTHORITY

PURPOSE: Salary and facility support for the University of Kansas Health Systems.

$10,096,564

THE KANSAS UNIVERSITY ALUMNI ASSOCIATION

Org PageRecipient Profile

Lawrence, KS

PURPOSE: General support to further the mission of the Alumni Association to inform, engage, and mobilize the KU community.

$2,691,802
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 27 grants that Kansas University Endowment Assoc has recieved totaling $820,741.

Awarding OrganizationAmount
Solon E Summerfield Foundation Inc

Bethesda, MD

PURPOSE: ENDOWMENT/GENERAL OPERATING SUPPORT

$227,327
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$96,436
Servant Foundation

Overland Park, KS

PURPOSE: COMMUNITY DEVELOPMENT

$65,900
Raymond James Charitable Endowment Fund

St Petersburg, FL

PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT

$65,250
R M Gouldner Memorial Medical Foundation

Dallas, TX

PURPOSE: FOR MEDICAL SCHOOL

$60,302
R M Gouldner Memorial Medical Foundation

Dallas, TX

PURPOSE: FOR MEDICAL SCHOOL

$60,302
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,633,026,168
Earnings-$23,698,693
Net Contributions$38,634,802
Other Expense$31,226,102
Grants$23,383,314
Ending Balance$1,593,352,861

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