University Of Florida Foundation Inc
- Assets
- $2.7b
- Revenue
- $288.0m
- Investments
- $2.3b
- Employees
- 323
- Location
- Gainesville, FL
- Founding
- 01/1979
- Data as of
- 06/2022
- 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 06/2022, University Of Florida Foundation Inc employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of 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 06/2022, University Of Florida Foundation Inc generated $288.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $217.7m during the year ending 06/2022. While expenses have increased by 3.0% 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.
Since 2015, University Of Florida Foundation Inc has awarded 36 individual grants totaling $1,485,236,727. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
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 FOR DONOR PROVIDED FINANCIAL AID TO QUALIFIED STUDENTS.
THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR FACULTY AND STAFF OF THE MANY COLLEGES AND UNITS OF THE UNIVERSITY OF FLORIDA INCLUDING, BUT NOT LIMITED TO, ENDOWED CHAIRS AND PROFESSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Mitchell Exec Vice President | Officer | 40 | $1,720,505 |
Joseph A Mandernach Senior Associate VP | Officer | 40 | $408,870 |
Karen Sprague Senior Associate VP | Officer | 40 | $356,138 |
Paul Caspersen Assistant VP | 40 | $304,687 | |
Matthew Hodge Assoc VP Chief Dev Off | 40 | $298,622 | |
David Christie Assoc VP & COO | 40 | $293,670 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Univ Of Fl Invest Investment Mgmt. | 6/29/22 | $3,383,369 |
Bentz Whaley Professional Service | 6/29/22 | $499,544 |
Oyova Software Technology Services | 6/29/22 | $537,665 |
Ruffalo Noel Lev Prof. Fundraisers | 6/29/22 | $631,670 |
Uc Innovation Inc Professional Service | 6/29/22 | $466,137 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,604,913 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,649,796 |
| Noncash contributions included in lines 1a–1f | $58,964,088 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,254,709 |
| Total Program Service Revenue | $0 |
| Investment income | $2,834,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,576,550 |
| Net Rental Income | $207,169 |
| Net Gain/Loss on Asset Sales | $30,891,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,971,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,841,741 |
| 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. | $2,563,806 |
| Compensation of current officers, directors, key employees. | $935,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,639,090 |
| Pension plan accruals and contributions | $9,608,587 |
| Other employee benefits | $5,879,898 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,706 |
| Fees for services: Accounting | $315,640 |
| Fees for services: Lobbying | $218,712 |
| Fees for services: Fundraising | $851,804 |
| Fees for services: Investment Management | $3,927,581 |
| Fees for services: Other | $5,334,240 |
| Advertising and promotion | $144,156 |
| Office expenses | $1,895,891 |
| Information technology | $65,778 |
| Royalties | $0 |
| Occupancy | $138,472 |
| Travel | $813,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $432,767 |
| Interest | $85,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,473,522 |
| Insurance | $327,164 |
| All other expenses | $0 |
| Total functional expenses | $217,733,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,034,427 |
| Savings and temporary cash investments | $1,704,722 |
| Pledges and grants receivable | $155,492,155 |
| Accounts receivable, net | $7,786,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,842,947 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $113,353,124 |
| Investments—publicly traded securities | $1,542,481 |
| Investments—other securities | $2,329,809,179 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,976,155 |
| Total assets | $2,706,541,368 |
| Accounts payable and accrued expenses | $4,872,325 |
| 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 | $653,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,347,553 |
| Total liabilities | $64,872,908 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $263,309,510 |
| Paid-in or capital surplus, or land, building, or equipment fund | $106,327,662 |
| Retained earnings, endowment, accumulated income, or other funds | $2,272,031,288 |
| Total liabilities and net assets/fund balances | $2,706,541,368 |
Grants Awarded
Over the last fiscal year, University Of Florida Foundation Inc has awarded $167,841,740 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: UNIV. PGRM. OTHER | $157,130,930 |
Gainesville, FL PURPOSE: SCHOLARSHIPS | $7,376,206 |
Gainesville, FL PURPOSE: UNIV. PGRM. OTHER | $2,759,180 |
Gainesville, FL PURPOSE: UNIV. PGRM. OTHER | $575,424 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that University Of Florida Foundation Inc has recieved totaling $400,900.
| Awarding Organization | Amount |
|---|---|
Aec Trust Wilmington, DE PURPOSE: HARN MUSEUM OF ART GENERAL OPERATING SUPPORT | $150,000 |
Aec Trust Wilmington, DE PURPOSE: FLORIDA MUSEUM OF NATURAL HISTORY EXPANSION PROJECT, BUILDING AND RENOVATION FUND | $100,000 |
John T And Jane A Wiederhold Foundation Torrington, CT PURPOSE: UF SHELTER MEDICINE: INCREASING FELINE SPAY/NEUTER, HUMANE VETERINARY WORKFORCE, AND DIVERSITY | $75,000 |
Patti Shively Foundation Gainesville, FL PURPOSE: THE GRANT WILL SUPPORT THE VIRTUAL REALITY FOR AUTISTIC YOUTH PROGRAM. | $50,000 |
Doctorbird Foundation Wilmington, DE PURPOSE: WUFT-TV PUBLIC TELEVISION STATION FUND | $15,000 |
Beck Family Charitable Foundation Micanopy, FL PURPOSE: FUND FOR ADVANCED MRI | $10,900 |
Endowment Analysis
| Beg. Balance | $2,375,271,275 |
| Earnings | -$51,376,517 |
| Admin Expense | $27,051,990 |
| Net Contributions | $57,331,962 |
| Other Expense | $60,927,836 |
| Grants | $21,215,606 |
| Ending Balance | $2,272,031,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Georgia Research Foundation Inc Athens, GA | $126,359,390 | $273,465,461 |
University Of Florida Foundation Inc Gainesville, FL | $2,706,541,368 | $287,971,873 |
Robert W Woodruff Health Sciences Center Fund Inc Atlanta, GA | $1,114,739,846 | $188,927,419 |
University Of Georgia Foundation Athens, GA | $1,813,135,367 | $241,177,913 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |