Unidel Foundation Inc
- Assets
- $452.2m
- Revenue
- $36.9m
- Investments
- $69.8m
- Employees
- 2
- Location
- Greenville, DE
- Founding
- 10/1940
- Data as of
- 12/2021
- EIN
- 51-6015046
Organization Overview
Unidel Foundation Inc is located in Greenville, DE. The organization was established in 1940. 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 12/2021, Unidel Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unidel Foundation 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 12/2021, Unidel Foundation Inc generated $36.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $17.6m during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE UNIVERSITY OF DELAWARE BY MAKING TARGETED GRANTS.
Describe the Organization's Program Activity:
GRANTS ARE MADE TO SELECTED PURPOSES AND PROGRAMS FOR THE ACADEMIC ENRICHMENT OF THE UNIVERSITY OF DELAWARE TO HELP IMPROVE RELATIVELY WEAK AREAS OF IMPORTANT FIELDS LIKELY TO BENEFIT FROM SUCH ASSISTANCE AND GRANTS TO REWARD AND ENCOURAGE AREAS OF DEMONSTRATED ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Bottorff Secretary-Treasurer | Officer | 25 | $113,025 |
Richard L Sutton ESQ President | OfficerTrustee | 2 | $0 |
Andrew Mck Jefferson ESQ Vice President | OfficerTrustee | 2 | $0 |
William M Lafferty Trustee | Trustee | 2 | $0 |
Benjamin F Du Pont Trustee | Trustee | 2 | $0 |
Terri L Kelly Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Capital Management Llc Investment Management | 12/30/21 | $1,250,975 |
Fund Evaluation Group Investment Advisory | 12/30/21 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,910,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,940,893 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,851,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,812,524 |
| 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. | $113,025 |
| Compensation of current officers, directors, key employees. | $56,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,108 |
| Pension plan accruals and contributions | $3,056 |
| Other employee benefits | $0 |
| Payroll taxes | $11,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,338,033 |
| Fees for services: Other | $180,000 |
| Advertising and promotion | $0 |
| Office expenses | $5,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,392 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$218 |
| All other expenses | $0 |
| Total functional expenses | $17,559,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,131 |
| Savings and temporary cash investments | $1,924,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $379,942,337 |
| Investments—other securities | $69,816,958 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,626 |
| Total assets | $452,249,782 |
| Accounts payable and accrued expenses | $324,403 |
| Grants payable | $7,812,524 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,136,927 |
| Net assets without donor restrictions | -$7,310,483 |
| Net assets with donor restrictions | $451,423,338 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $452,249,782 |
Endowment Analysis
| Beg. Balance | $383,147,505 |
| Earnings | $82,112,874 |
| Admin Expense | $351,996 |
| Grants | $13,224,358 |
| Ending Balance | $451,684,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |
Community College Of Allegheny County-Education Foundation Pittsburgh, PA | $36,645,920 | $15,926,656 |
Shippensburg University Foundation Shippensburg, PA | $91,433,562 | $11,552,800 |