Overview
What is University Of Louisville Foundation Inc?
University of Louisville Foundation Inc, based in Louisville, Kentucky, is a nonprofit organization dedicated to supporting the University of Louisville in maintaining its distinction as a premier metropolitan research university. The Foundation advances the university's departments in their educational, scientific, and literary efforts and enterprises by maximizing private charitable support and investing prudently. Through financial assistance, the Foundation helps the university remain a leader in research and academic instruction. The Foundation's mission emphasizes the importance of research translating into real-world solutions, making the university a powerful engine for intellectual and economic growth. As public financial support for higher education declines and costs continue to rise, the Foundation works to bridge the funding gap and enable students to pursue academic, athletic, and career opportunities at the University of Louisville.
Official website here: www.louisvillefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The University of Louisville Foundation Inc has achieved a remarkable 97% rating from Charity Navigator, reflecting exceptional accountability and financial practices. This strong score is based entirely on the foundation's commitment to transparency, with a perfect score for its independent board composition and various governance policies.
The foundation demonstrates financial integrity, boasting a high program expense ratio of 93.23% and an efficient fundraising process, marked by no fundraising costs. Additionally, the organization maintains a healthy financial position with a low liabilities-to-assets ratio of 5.87%, ensuring sustainability and effective resource management.
One limitation noted is the missing information regarding the CEO compensation process, which may lead to questions about executive pay transparency. Despite this, the overall governance and operational standards of the University of Louisville Foundation Inc position it as a trustworthy and responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Louisville Foundation Inc legitimate?
University Of Louisville Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Louisville 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: $311,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,040,329
For more financial information, click here
Official website here: www.louisvillefoundation.org
What is the mission statement of University Of Louisville Foundation Inc?
The University of Louisville Foundation Inc supports the University of Louisville in its pursuit of maintaining its distinction as a premier, nationally recognized metropolitan research university. The foundation promotes the university's departments in their educational, scientific, and literary efforts and enterprises. By maximizing private charitable support and investing prudently, the foundation helps keep the university in a leadership position for research and academic instruction. Excellence in research translates to real-world solutions to the issues and complex problems faced in communities. Strong metropolitan research universities serve as engines for intellectual and economic growth and prosperity. The foundation empowers talented researchers by providing them with necessary resources to make groundbreaking discoveries that matter. Amid declining public financial support for higher education and increasing costs, the foundation works to bridge the funding gap, enabling students to thrive as University of Louisville academics, athletes, and citizens.
Official website here: www.louisvillefoundation.org
Who is the CEO of University Of Louisville Foundation Inc?
Keith Sherman is the Director of University Of Louisville Foundation Inc.
Official website here: www.louisvillefoundation.org
What is the revenue of University Of Louisville Foundation Inc?
University Of Louisville Foundation Inc's revenue in 2022 was $57,798,687.
Official website here: www.louisvillefoundation.org
Who are the executives of University Of Louisville Foundation Inc and what are their salaries?
The average compensation at University Of Louisville Foundation Inc during 2022 was $167,966. There are 14 employees and 21 volunteers at University Of Louisville Foundation Inc.
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- Compensation: $121,875
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- Other: $31,017
Official website here: www.louisvillefoundation.org
Where can I find the form 990 for University Of Louisville Foundation Inc?
University Of Louisville Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.louisvillefoundation.org
Learn more at the official website: www.louisvillefoundation.org
Mission Statement of University Of Louisville Foundation Inc
University of Louisville Foundation Inc is a dedicated organization that supports the University of Louisville in its mission to maintain its standing as a premier, nationally recognized metropolitan research university. The Foundation promotes the university's departments in their educational, scientific, and literary efforts and enterprises. By maximizing private charitable support and investing prudently, the Foundation helps keep the university at the forefront of research and academic instruction.
The Foundation's commitment to excellence in research translates into real-world solutions to the complex problems faced by communities every day. Strong metropolitan research universities are engines for intellectual and economic growth and prosperity. University of Louisville Foundation Inc makes the university more powerful with each passing day by providing talented researchers with the necessary resources to make groundbreaking discoveries that matter. As public financial support for higher education has declined and costs continue to rise, the Foundation works diligently to bridge the funding gap, ensuring that students can continue to thrive as academics, athletes, and citizens at the University of Louisville. By providing financial support for various academic, athletic, and career pursuits, the Foundation plays a crucial role in creating unique stories for each student.
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Impact
October, 2024
The University of Louisville Foundation Inc plays a vital role in enhancing the University of Louisville's stature as a premier, nationally recognized metropolitan research university. By maximizing private charitable support, the Foundation ensures that the institution has the necessary resources to excel in educational, scientific, and literary endeavors. This support is crucial as it helps maintain the university's leadership in research and academic instruction.
With the decline in public financial support for higher education, the Foundation steps in to bridge the funding gap, allowing students to pursue their academic and athletic goals. This assistance not only facilitates individual achievements but also contributes significantly to the development of well-rounded citizens who can make meaningful contributions to their communities.
Excellence in research, fueled by the Foundation's investment in talented researchers, translates to real-world solutions that address complex challenges faced by society. The Foundation's commitment to supporting various academic, athletic, and career pursuits helps foster intellectual and economic growth, positioning the University of Louisville as a powerful engine for progress and prosperity in Louisville and beyond. Overall, the impact of the University of Louisville Foundation Inc is felt across multiple dimensions, from empowering students to driving innovative research that benefits the wider community.
This information is meant to be a general summary of University Of Louisville 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: $62,974
- Gross Receipts: $61,919,719
Assets and Liabilities:
- Total Assets: $1,030,933,372
- Total Liabilities: $61,720,649
- Net Assets: $969,212,723
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Organization Details
Founding Year
1970
Phone
(502) 212-8200Principal Officer
Keith Sherman
Main Address
215 CENTRAL AVENUE STE 212, LOUISVILLE, KY, 40208
Website
www.louisvillefoundation.orgNTEE Category
Code: B110 - Education
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