University Of Memphis Foundation

Organization Overview

University Of Memphis Foundation is located in Memphis, TN. The organization was established in 1965. 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 Memphis Foundation 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 Memphis Foundation generated $38.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $32.5m during the year ending 06/2021. While expenses have increased by 5.5% 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

THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS.

Describe the Organization's Program Activity:

THE FOUNDATION PROVIDED FUNDS FOR SCHOLARSHIPS, FELLOWSHIPS, ACADEMIC ENRICHMENT AND VARIOUS OTHER PROGRAMS AND PROJECTS IN SUPPORT OF THE STUDENTS, FACULTY, STAFF AND MISSION OF THE UNIVERSITY OF MEMPHIS.


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Board, Officers & Key Employees

Name (title)Compensation
Mr David Tate
Vice President
$0
Mr Fred Towler
President
$0
Mr John Wilfong
Treasurer
$0
Mr Douglas Scarboro
Secretary
$0
Byron Morgan
Managing Director
$0
Carolyn Stanley
Foundation Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge Associates Llc
Investment Mgmt Fee
$305,876
One Diversified Llc
Construction
$301,978
G3se Llc
Tour Mgmt Fees
$232,490
Hometronix Of Arkansas Llc
Construction
$100,144
Cambridge Associates Llc
Investment Mgmt Fee
$305,876
One Diversified Llc
Construction
$301,978
View All Vendors

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$31,976,170
Noncash contributions included in lines 1a–1f $3,771,396
Total Revenue from Contributions, Gifts, Grants & Similar$31,976,170
Total Program Service Revenue$0
Investment income $2,469,055
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,119,632
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,710,840

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Of Memphis Foundation has recieved totaling $1,500.

Awarding OrganizationAmount
Brinkley Foundation

Memphis, TN

PURPOSE: CHARITABLE

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$96,488,206
Earnings$32,930,842
Net Contributions$10,860,668
Other Expense$3,611,491
Ending Balance$136,668,225

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