University Of Central Florida Foundation Inc

Organization Overview

University Of Central Florida Foundation Inc is located in Orlando, FL. The organization was established in 1968. 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 Central 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 06/2020, University Of Central Florida Foundation Inc generated $46.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $44.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Of Central Florida Foundation Inc has awarded 42 individual grants totaling $164,938,889. 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

TO ENCOURAGE, STEWARD & CELEBRATE CONTRIBUTIONS FROM ALUMNI & FRIENDS TO SUPPORT UCF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ATHLETICS - ATHLETICS EXPENSES PAID IN SUPPORT OF THE UCF ATHLETICS PROGRAM PROVIDE STUDENT-ATHLETES WITH A CHAMPIONSHIP-LEVEL EXPERIENCE. THE CHARGEON FUND RAISES FUNDS TO ENSURE UCF'S STUDENT-ATHLETES CONTINUE TO EXCEL IN COMPETITION, IN THE CLASSROOM, AND IN THE COMMUNITY. IN THE CLASSROOM, THE AVERAGE GPA FOR STUDENT-ATHLETES HAS EXCEEDED A 3.0 BENCHMARK DURING EACH TERM FOR THE 27 CONSECUTIVE SEMESTERS, WHICH IS THE LONGEST STREAK IN SCHOOL HISTORY. IN ANTICIPATION OF UCF'S MOVE TO THE BIG 12 CONFERENCE, UCF ATHLETICS SEEKS TO INCREASE ITS DONOR BASE. LAST FISCAL YEAR, UCF ATHLETICS SET A RECORD OF 8,156 DONORS, BUT THIS FISCAL YEAR IS TO SURPASS 10,000.


ACADEMIC - ACADEMIC EXPENSES PAID IN SUPPORT OF THE UCF PROGRAMS INCLUDE FUNDING FOR ACADEMIC PROGRAMS, SALARIES FOR UNIVERSITY EMPLOYEES AND FELLOWSHIPS TO REWARD SOME OF UCF'S MOST ACCOMPLISHED AND PROMISING STUDENTS. OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL EXCELLENCE. ENDOWED CHAIRS, EMINENT SCHOLAR POSITIONS AND DISTINGUISHED PROFESSORSHIPS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ESTEEMED FACULTY AND SPENDING TO SUPPORT THESE POSITIONS HELPS THE UNIVERSITY MAINTAIN A HIGH ACADEMIC STANDARD. SPENDING TO SUPPORT RESEARCH PROJECTS AND INNOVATIVE PROGRAMS FURTHER ENRICHES THE UCF LEARNING EXPERIENCE. DESPITE THE CHALLENGES OF A FISCAL YEAR LIKE NO OTHER, THE UCF FOUNDATION CLOSED ITS BOOKS AT THE END OF JUNE 2021 WITH $78.3 MILLION IN GIFTS AND COMMITMENTS EXCEEDING THE $70 MILLION GOAL SET BY UNIVERSITY LEADERS. A HIGHPOINT OF THE YEAR WAS A TRANSFORMATIONAL INVESTMENT OF $40 MILLION BY MACKENZIE SCOTT AND DAN JEWETT, WHO RECOGNIZED THE UNIVERSITY'S WORK ON FOSTERING STUDENT SUCCESS AND SOCIAL MOBILITY. THE LARGEST GIFT IN THE UNIVERSITY'S HISTORY WILL STRENGTHEN PATHWAYS TO OPPORTUNITY, WHICH WILL FUEL STUDENT SUCCESS AND ACADEMIC EXCELLENCE FOR GENERATIONS.


STUDENT AID - UCFF IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS AND SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT THEM. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING AND ARE DESIGNED TO REWARD, INSPIRE, AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE AND HELP ATTRACT A DIVERSE STUDENT BODY. STUDENT SUCCESS IS A PRIORITY, AND 32 NEW ENDOWED SCHOLARSHIPS WERE CREATED IN FISCAL YEAR 2021 TO SUPPORT STUDENTS IN A WIDE RANGE OF AREAS AND COLLEGES, MANY TARGETING FIRST-GENERATION STUDENTS. THE FALL 2021 FRESHMAN CLASS SET A NEW BAR FOR ACADEMIC EXCELLENCE WITH AN AVERAGE GPA OF 4.25 AND AVERAGE SAT SCORES OF 1325. UCF RANKS SECOND AMONG FLORIDA'S STATE UNIVERSITIES WITH 337 NATIONAL MERIT SCHOLARS ENROLLED. EIGHTY-ONE PERCENT OF UNDERGRADUATE STUDENTS RECEIVED FINANCIAL AID IN THE 2021-22 ACADEMIC YEAR, TOTALING $585.4 MILLION. FIFTY-SEVEN PERCENT OF FIRST-TIME-IN-COLLEGE STUDENTS AT UCF GRADUATE WITHOUT ANY EDUCATIONAL DEBT; NATIONALLY ONLY 42 PERCENT GRADUATE DEBT-FREE.


OTHER PROGRAM SERVICES DIRECTLY RELATED TO THE FOUNDATION'S MISSION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Macdade Construction Inc
Construction Services
$1,461,678
Encore Maintenance Services Inc
Construction Services
$439,507
Gettysburg Commerical Corporation
Building Management Services
$347,014
Digital Convergence Alliance Inc
Master Control Services For Wucf Tv
$297,156
Contributor Development Partnership Pbc
Wucf-television/radio Expenses
$463,780
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$32,949,173
Investment income $2,706,747
Tax Exempt Bond Proceeds $0
Royalties $256,923
Net Rental Income $3,982,784
Net Gain/Loss on Asset Sales $4,205,302
Net Income from Fundraising Events $51,882
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3,054
Miscellaneous Revenue$0
Total Revenue $45,984,866

Grants Awarded

Over the last fiscal year, University Of Central Florida Foundation Inc has awarded $20,819,218 in support to 6 organizations.

Grant RecipientAmount

UNIVERSITY OF CENTRAL FLORIDA

PURPOSE: FUNDING FOR PROGRAMS AND SCHOLARSHIPS

$13,801,534

UCF ATHLETICS ASSOCIATION INC

PURPOSE: ATHLETIC SCHOLARSHIP AND PROGRAM SUPPORT

$5,716,257

UCF GOLDEN KNIGHTS CORPORATION INC

Org PageRecipient Profile

Orlando, FL

PURPOSE: ATHLETICS STADIUM SUPPORT

$510,880

UNIVERSITY OF CENTRAL FLORIDA RESEARCH FOUNDATION

Org PageRecipient Profile

Orlando, FL

PURPOSE: RESEARCH ACTIVITY

$357,222

FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC

Org PageRecipient Profile

Miami, FL

PURPOSE: SCHOLARSHIP - PROGRESSIVE STUDENT AWARDS

$216,675

UNIVERSITY OF SOUTH FLORIDA FOUNDATION

PURPOSE: SCHOLARSHIP - PROGRESSIVE STUDENT AWARDS

$216,650
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that University Of Central Florida Foundation Inc has recieved totaling $103,062.

Awarding OrganizationAmount
Glenda G Morgan Charitable Foundation Inc

Winter Park, FL

PURPOSE: GENERAL SUPPORT

$56,162
Mohapatra Family Foundation Inc

Albany, NY

PURPOSE: GENERAL

$36,900
Hunsucker Family Foundation

Houston, TX

PURPOSE: CHARITY

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$162,921,611
Earnings$44,565,300
Admin Expense$4,047,044
Net Contributions$3,593,722
Other Expense$3,959,396
Grants$1,992,045
Ending Balance$201,082,148

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