University Of Florida Foundation Inc
- Assets
- $2.2b
- Revenue
- $199.5m
- Investments
- $1.9b
- Employees
- 336
- Location
- Gainesville, FL
- Founding
- 01/1979
- Data as of
- 06/2020
- EIN
- 59-0974739
Organization Overview
University Of Florida Foundation Inc is located in Gainesville, FL. The organization was established in 1979. 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, University Of Florida Foundation Inc employed 336 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, University Of Florida Foundation Inc generated $199.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $189.6m during the year ending 06/2020. While expenses have increased by 1.4% 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 2015, University Of Florida Foundation Inc has awarded 24 individual grants totaling $939,417,906. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UNIVERSITY OF FLORIDA FOUNDATION, INC. IS TO EXCLUSIVELY SUPPORT AND ENHANCE THE UNIVERSITY OF FLORIDA, A COMPREHENSIVE LEARNING INSTITUTION BUILT ON A LAND-GRANT FOUNDATION, IN ITS MISSION OF "EXCELLENCE IN EDUCATION AND RESEARCH AND SHAPING A BETTER FUTURE FOR FLORIDA, THE NATION, AND THE WORLD," AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, BY CREATING AWARENESS, BUILDING RELATIONSHIPS, SECURING PRIVATE SUPPORT, RECOGNIZING DONORS, AND PERFORMING ALL BUSINESS-RELATED MATTERS TO ACCOMPLISH THESE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT, IN ACCORDANCE WITH DONOR RESTRICTIONS, TO THE MANY COLLEGES, UNITS, AND PROGRAMS OF THE UNIVERSITY OF FLORIDA.
THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA TO CONSTRUCT NEW BUILDINGS AND RENOVATE EXISTING FACILITIES TO ENHANCE THE EDUCATION EXPERIENCE OF ALL STUDENTS.
THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR DONOR PROVIDED FINANCIAL AID TO QUALIFIED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Mitchell Executive Vice President | Officer | 40 | $841,655 |
Joseph A Mandernach Senior Associate VP | Officer | 40 | $273,454 |
Karen Sprague Senior Associate VP | Officer | 40 | $246,532 |
Paul Caspersen Assistant VP | 40 | $218,400 | |
David M Christie Treasurer | Officer | 40 | $210,864 |
Maria Martin Assistant VP | 40 | $209,407 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Florida Investment Corp Investment Management | 6/29/20 | $3,055,796 |
Ruffalocody Professional Fundraisers | 6/29/20 | $825,936 |
Oyova Software Llc Technology Services | 6/29/20 | $384,000 |
Transforming Solutions Inc Consulting Services | 6/29/20 | $308,032 |
Marketing Communication Resource Inc Printing And Publications | 6/29/20 | $581,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,850,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,936,755 |
| Noncash contributions included in lines 1a–1f | $34,921,355 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,786,755 |
| Total Program Service Revenue | $0 |
| Investment income | -$9,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,609,510 |
| Net Rental Income | $123,689 |
| Net Gain/Loss on Asset Sales | $7,229,721 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,540,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,681,808 |
| 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. | $2,052,962 |
| Compensation of current officers, directors, key employees. | $638,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,193,506 |
| Pension plan accruals and contributions | $1,243,237 |
| Other employee benefits | $4,787,804 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,543 |
| Fees for services: Accounting | $230,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $826,706 |
| Fees for services: Investment Management | $3,675,554 |
| Fees for services: Other | $3,365,933 |
| Advertising and promotion | $84,594 |
| Office expenses | $1,426,462 |
| Information technology | $389,360 |
| Royalties | $0 |
| Occupancy | $77,289 |
| Travel | $845,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $868,061 |
| Interest | $52,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $840,003 |
| Insurance | $247,208 |
| All other expenses | $0 |
| Total functional expenses | $189,596,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,227,830 |
| Savings and temporary cash investments | $2,004,074 |
| Pledges and grants receivable | $89,967,078 |
| Accounts receivable, net | $1,293,796 |
| 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 | $69,410,685 |
| Investments—publicly traded securities | $1,048,808 |
| Investments—other securities | $1,908,408,107 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,494,348 |
| Total assets | $2,150,854,726 |
| Accounts payable and accrued expenses | $3,905,875 |
| 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 | $898,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,620,553 |
| Total liabilities | $104,425,017 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $140,525,073 |
| Paid-in or capital surplus, or land, building, or equipment fund | $61,877,279 |
| Retained earnings, endowment, accumulated income, or other funds | $1,844,027,357 |
| Total liabilities and net assets/fund balances | $2,150,854,726 |
Grants Awarded
Over the last fiscal year, University Of Florida Foundation Inc has awarded $156,681,808 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: UNIVERSITY PROGRAMS OTHER THAN SCHOLARSHIPS | $140,811,778 |
Gainesville, FL PURPOSE: SCHOLARSHIPS | $12,132,570 |
Gainesville, FL PURPOSE: UNIVERSITY PROGRAMS OTHER THAN SCHOLARSHIPS | $2,648,449 |
Gainesville, FL PURPOSE: UNIVERSITY PROGRAMS OTHER THAN SCHOLARSHIPS | $1,089,011 |
Grants Recieved
Over the last fiscal year, we have identified 60 grants that University Of Florida Foundation Inc has recieved totaling $5,444,210.
| Awarding Organization | Amount |
|---|---|
Boulder Crest Foundation Bluemont, VA PURPOSE: TRAUMATIC BRAIN INJURY CENTER EXPANSION PARTNER | $833,334 |
Boulder Crest Foundation Bluemont, VA PURPOSE: TRAUMATIC BRAIN INJURY CENTER EXPANSION PARTNER | $833,334 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $801,443 |
Thomas M & Irene B Kirbo Charitable Jacksonville, FL PURPOSE: SCHOOL OF NURSING INNOVATION AND LEARNING LAB | $500,000 |
Shriners Hospitals For Children Tampa, FL PURPOSE: ENDOWMENT FOR FELLOWSHIP OF PEDIATRIC ORTHOPEDICS | $500,000 |
Thomas M & Irene B Kirbo Charitable Jacksonville, FL PURPOSE: SCHOOL OF NURSING INNOVATION AND LEARNING LAB | $500,000 |
Endowment Analysis
| Beg. Balance | $1,817,826,793 |
| Earnings | $46,321,146 |
| Admin Expense | $21,210,220 |
| Net Contributions | $64,189,066 |
| Other Expense | $46,588,623 |
| Grants | $16,510,805 |
| Ending Balance | $1,844,027,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Georgia Research Foundation Inc Athens, GA | $110,637,917 | $276,388,255 |
University Of Florida Foundation Inc Gainesville, FL | $2,150,854,726 | $199,540,965 |
Robert W Woodruff Health Sciences Center Fund Inc Atlanta, GA | $1,121,507,367 | $98,531,215 |
University Of Georgia Foundation Athens, GA | $1,437,926,108 | $126,079,273 |
Georgia Tech Foundation Inc Atlanta, GA | $2,320,842,471 | $131,640,518 |
University Of South Florida Foundation Inc Tampa, FL | $753,475,020 | $119,043,380 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Seminole Boosters Inc Tallahassee, FL | $264,784,719 | $60,885,225 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Auburn University Foundation Auburn, AL | $710,019,152 | $70,458,731 |
University Of Florida Research Foundation Inc Gainesville, FL | $171,669,158 | $48,919,573 |
Kennesaw State University Foundation Inc Kennesaw, GA | $451,624,023 | $56,320,828 |