University Of South Florida Foundation Inc

Organization Overview

University Of South Florida Foundation Inc is located in Tampa, FL. The organization was established in 1960. 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. University Of South Florida 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 06/2021, University Of South Florida Foundation Inc generated $144.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $77.2m during the year ending 06/2021. While expenses have increased by 2.4% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ACCEPT, INVEST AND DISTRIBUTE PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA.

Describe the Organization's Program Activity:

THE FOUNDATION SERVES AS THE OFFICIAL LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY OF SOUTH FLORIDA WHICH INCLUDES THE COLLEGES, CAMPUSES, HEALTH, ATHLETICS, AND OTHER APPROPRIATE UNIVERSITY-RELATED UNITS. SUPPORT IS GIVEN TO USF BY PROVIDING FUNDING FOR THE ENDOWED CHAIRS, GRANTS AND STUDENT SCHOLARSHIPS AMONG OTHER ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Regional Vice Chancellor For Advancement
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ellucian Company Lp
Crm System Conversion
$980,358
National Public Radio Inc
Programming Services
$614,594
Blackbaud Inc
Financial System Conversion
$324,587
Corcoran & Johnston
Consulting Services
$255,000
Greater Public
Consulting Services
$350,846
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$438,389
Related organizations$13,209,335
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$64,228,397
Noncash contributions included in lines 1a–1f $1,326,511
Total Revenue from Contributions, Gifts, Grants & Similar$77,876,121
Total Program Service Revenue$2,166,615
Investment income $18,716,980
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $45,821,672
Net Income from Fundraising Events $251,299
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $144,887,499

Grants Awarded

Over the last fiscal year, University Of South Florida Foundation Inc has awarded $45,779,606 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF SOUTH FLORIDA

PURPOSE: Academic & Student Support

$45,197,839

USF ALUMNI ASSOCIATION

Org PageRecipient Profile

Tampa, FL

PURPOSE: Alumni Program Support

$581,767
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that University Of South Florida Foundation Inc has recieved totaling $200.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$100
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$551,915,418
Earnings$156,672,066
Admin Expense$8,813,235
Net Contributions$33,450,004
Grants$24,576,375
Ending Balance$708,647,878

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