University Of Nevada-Reno Foundation

Organization Overview

University Of Nevada-Reno Foundation is located in Reno, NV. The organization was established in 1982. 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 Nevada-Reno 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 06/2019, University Of Nevada-Reno Foundation generated $35.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $54.2m during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO AID, SUPPORT, & ASSIST THE UNIVERSITY OF NEVADA, RENO TO ENHANCE THE QUALITY OF EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY PROGRAMS: THE UNIVERSITY OF NEVADA RENO FOUNDATION RECEIVES, MANAGES & DISBURSES FUNDS IN ACCORDANCE WITH THE DESIGNATED RESTRICTED PURPOSE FOR WHICH THE GIFTS WERE DONATED. PROVIDES PROGRAMMATIC FUNDING SUPPORTING STUDENTS, FACULTY, RESEARCH & THE COMMUNITY IN THE AREA FUNDS WERE RAISED FOR. TOTAL ENDOWED PROFESSORSHIPS AND CHAIRS INCREASED BY 18 FOR A TOTAL OF 63 ENDOWED POSITIONS.


CAPITAL PROJECTS: ASSIST IN FUNDING CONSTRUCTION PROJECTS ON CAMPUS. PROJECTS INCLUDE ARTS BUILDING, ENGINEERING BUILDING, PENNINGTON HEALTH SCIENCES BUILDING, COLLEGE OF EDUCATION STUDENT SUCCESS CENTER, MOANA MEDICAL BUILDING, COBRE CARDIOLOGY RESEARCH LAB RENOVATION, E.L. WIEGAND FITNESS CENTER, UNIVERSITY ENTRY MONUMENT, JENSEN PLAZA, STERILIZATION ROOM, MACKAY STADIUM, AND MORRILL HALL. WE SUPPORTED FOUR NEW BUILDINGS AND 29 RENOVATIONS ACROSS CAMPUS SINCE 2013.


UNIVERSITY SCHOLARSHIPS: SCHOLARSHIP FUNDING WAS USED FOR STUDENT SCHOLARSHIP AWARDS FOR BOTH NEED AND MERIT BASED. WE FUNDED APPROXIMATELY 29,000 DONOR-SUPPORTED SCHOLARSHIPS SINCE 2013; MORE THAN 4,800 STUDENTS RECEIVED DONOR-FUNDED SCHOLARSHIPS DURING THE 2020-21 ACADEMIC YEAR


ALUMNI PROGRAMS: FUNDING WAS PROVIDED TO ALUMNI ASSOCIATION AND VARIOUS ALUMNI CHAPTERS TO STRENGTHEN TIES TO THE UNIVERSITY COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Rodefer
Chair
$0
Janet Mello
Vice Chair Events
$0
Dean Byrne
Vice Chair Investment
$0
Mark Denzler Left Mid-Year
Vice Chair Investment
$0
Stephanie Kruse
Vice Chair Nominating
$0
Felicia O Carroll
Vice Chair Audit
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$22,580,292
Investment income $10,591,573
Tax Exempt Bond Proceeds $0
Royalties $46,735
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $128,999
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $35,673,494

Grants Awarded

Over the last fiscal year, University Of Nevada-Reno Foundation has awarded $40,484,398 in support to 4 organizations.

Grant RecipientAmount

UNIVERSITY OF NEVADA RENO

Org PageRecipient Profile

Reno, NV

PURPOSE: University Programs

$18,428,568

UNIVERSITY OF NEVADA RENO

Org PageRecipient Profile

Reno, NV

PURPOSE: Capital Projects

$15,455,974

UNIVERSITY OF NEVADA RENO

Org PageRecipient Profile

Reno, NV

PURPOSE: University Scholarships

$6,526,414

UNIVERSITY OF NEVADA RENO

Org PageRecipient Profile

Reno, NV

PURPOSE: Alumni Programs

$73,442
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that University Of Nevada-Reno Foundation has recieved totaling $797,366.

Awarding OrganizationAmount
Greater Nevada Credit Union

Carson City, NV

PURPOSE: GENERAL SUPPORT

$190,000
Nevada Surplus Lines Foundation

Reno, NV

PURPOSE: PUBLIC EDUCATION

$164,860
Community Foundation Of Western Nevada

Reno, NV

PURPOSE: Travel & training - UNR Diving

$129,860
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$106,458
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Education

$50,000
Community Foundation Of Western Nevada

Reno, NV

PURPOSE: Dean's Excellence Fund #250010

$36,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$230,531,484
Earnings$80,263,512
Admin Expense$4,714,507
Net Contributions$5,180,141
Other Expense$9,392,887
Grants$2,384,066
Ending Balance$299,483,677

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