Overview
What is University At Buffalo Foundation Inc?
The University At Buffalo Foundation Inc, based in Buffalo, New York, functions as a supporting organization for the State University of New York at Buffalo. They manage funds generated from donations and investment returns to further the educational mission of the university. The funds, subject to donor restrictions and the university's needs, are administered by the foundation. The University At Buffalo Foundation's primary objective is to promote and back the initiatives and programs of the University at Buffalo.
Official website here: www.ub-foundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The University At Buffalo Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial integrity. With a perfect score of 100% in several key areas, the foundation demonstrates a commitment to transparency and ethical governance. The foundation’s independent board consists entirely of independent members, contributing to strong oversight and decision-making processes.
Strengths include excellent financial metrics, such as a very high program expense ratio of 99.93%, indicating that nearly all its expenditures are directed toward its charitable objectives. Additionally, the organization's liabilities to assets ratio of 17.87% shows a solid financial position, ensuring sustainability. The foundation also scores well in its policies regarding conflict of interest and whistleblower protections, further enhancing its credibility.
However, the foundation's fundraising efficiency ratio of $0.002 suggests that there may be challenges in generating funds effectively compared to its expenditures. While financial transparency and accountability are commendable, this lower efficiency could point to areas for improvement in fundraising strategies to enhance overall operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is University At Buffalo Foundation Inc legitimate?
University At Buffalo Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University At Buffalo Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ub-foundation.org
What is the mission statement of University At Buffalo Foundation Inc?
The University at Buffalo Foundation Inc is dedicated to backing the initiatives and educational programs of the University at Buffalo, a constituent of the State University of New York. The foundation manages funds, derived from charitable donations and investment earnings, to further the academic mission of the university. These funds, subject to donor restrictions and the institution's requirements, are utilized to support various educational projects. The foundation's primary objective is to enhance the educational experience and advance the academic pursuits at the University at Buffalo.
Official website here: www.ub-foundation.org
Who is the CEO of University At Buffalo Foundation Inc?
Anastacia S Knapper is the Principal Officer of University At Buffalo Foundation Inc. The CEO's salary of University At Buffalo Foundation Inc is $0 and their total compensation is $188,053.
Official website here: www.ub-foundation.org
What is the revenue of University At Buffalo Foundation Inc?
University At Buffalo Foundation Inc's revenue in 2022 was $46,606,531.
Official website here: www.ub-foundation.org
Who are the executives of University At Buffalo Foundation Inc and what are their salaries?
There 25 volunteers at University At Buffalo Foundation Inc.
Here are 27 key members and their salaries (University At Buffalo Foundation Inc's CEO's salary is $0 and their total compensation is $188,053):
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- Related: $259,699
- Other: $47,829
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- Related: $168,561
- Other: $19,492
Official website here: www.ub-foundation.org
Where can I find the form 990 for University At Buffalo Foundation Inc?
University At Buffalo Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ub-foundation.org
Learn more at the official website: www.ub-foundation.org
Mission Statement of University At Buffalo Foundation Inc
University At Buffalo Foundation Inc, a charitable organization, is dedicated to advancing the objectives and programs of the University at Buffalo, a constituent institution of the State University of New York. The foundation's primary mission revolves around managing funds intended to support the educational mission of the university. These funds, derived from charitable donations and investment revenues, are overseen by the foundation and allocated based on donor restrictions and the university's needs. The University At Buffalo Foundation Inc functions as a crucial partner in facilitating the growth and development of the university, enabling it to expand its educational reach and impact.
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Impact
October, 2024
The University At Buffalo Foundation Inc significantly enhances the educational mission of the State University of New York at Buffalo by providing essential support funds. These funds, derived from gift revenues and investment income from a long-term portfolio, are allocated to various university programs and activities. They are carefully managed to align with donor restrictions while also addressing the evolving needs of the university.
Through these financial resources, the foundation plays a crucial role in fostering academic excellence and innovation at the university. By promoting educational initiatives, enhancing student experiences, and supporting faculty development, the foundation contributes to the overall growth and success of the institution. Its impact extends beyond mere funding; it cultivates an environment where students and faculty can thrive, ultimately benefiting the wider community and advancing the field of education.
This information is meant to be a general summary of University At Buffalo Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,516,326
- Program Service Revenue: $25,254
- Gross Receipts: $1,380,703,088
Assets and Liabilities:
- Total Assets: $1,234,149,940
- Total Liabilities: $194,986,147
- Net Assets: $1,039,163,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VARIOUS SUPPORT PROGRAMS
Revenue
$25,254
Organization Details
Founding Year
1962
Phone
(716) 645-3011Principal Officer
Anastacia S Knapper
Main Address
BOX 900, BUFFALO, NY, 142260900
Website
www.ub-foundation.orgNTEE Category
Code: B11 - Education
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