Overview
What is University Of Mississippi Foundation?
The University of Mississippi Foundation, based with an unspecified filer, functions as a nonprofit organization dedicated to managing and distributing charitable contributions for the University of Mississippi's benefit. They handle the receipting, investing, and dispersal of all gifts to ensure the university thrives.
Official website here: www.umfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The University of Mississippi Foundation has achieved a remarkable Four-Star rating from Charity Navigator, with an impressive overall score of 99%. This score reflects the organization's strong accountability and financial practices. The foundation has a fully independent board, comprising 36 members, ensuring robust governance. Key financial metrics such as a low liability-to-assets ratio and high program expense ratio demonstrate effective resource management.
Strengths highlighted include comprehensive policies regarding conflict of interest and whistleblower protections, as well as transparency in CEO compensation and board meeting documentation. The foundation has maintained a solid fundraising efficiency ratio, ensuring that funds raised are effectively utilized for its programs. The absence of material diversions of assets indicates a high level of integrity in financial management.
However, a noted limitation is the missing donor privacy policy on the foundation's website, which could be a concern for potential donors regarding the confidentiality of their contributions. Overall, the University of Mississippi Foundation exemplifies financial health and accountability, though addressing the privacy policy issue would further enhance its transparency and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Mississippi Foundation legitimate?
University Of Mississippi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Mississippi Foundation 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: $754,819
Professional Fundraising Fees: $310,672
Other Salaries and Wages: $3,035,883
For more financial information, click here
Official website here: www.umfoundation.com
What is the mission statement of University Of Mississippi Foundation?
The University of Mississippi Foundation serves a vital role in managing donations for the betterment of the University of Mississippi. Its primary function involves receiving, acknowledging, investing, and dispensing funds intended for the university's benefit. The foundation acts as a bridge between generous donors and the educational institution, ensuring that gifts are effectively utilized to support various university initiatives.
Official website here: www.umfoundation.com
Who is the CEO of University Of Mississippi Foundation?
Maggie Abernathy is the President/Ceo of University Of Mississippi Foundation. The CEO's salary of University Of Mississippi Foundation is $310,069 and their total compensation is $384,142.
Official website here: www.umfoundation.com
What is the revenue of University Of Mississippi Foundation?
University Of Mississippi Foundation's revenue in 2023 was $95,544,401.
Official website here: www.umfoundation.com
Who are the executives of University Of Mississippi Foundation and what are their salaries?
The average compensation at University Of Mississippi Foundation during 2023 was $210,595. There are 18 employees and 36 volunteers at University Of Mississippi Foundation.
Here are 40 key members and their salaries (University Of Mississippi Foundation's CEO's salary is $310,069 and their total compensation is $384,142):
- Compensation: $310,069
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- Compensation: $127,250
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- Other: $30,711
Official website here: www.umfoundation.com
Where can I find the form 990 for University Of Mississippi Foundation?
University Of Mississippi Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.umfoundation.com
Learn more at the official website: www.umfoundation.com
Mission Statement of University Of Mississippi Foundation
The University of Mississippi Foundation plays a vital role in supporting the University of Mississippi. In simple terms, the Foundation is tasked with managing and distributing all charitable contributions aimed at benefiting the prestigious educational institution.
The mission of the University of Mississippi Foundation is two-fold. Firstly, it receives and receipts donations from generous benefactors. Secondly, it invests these funds wisely and distributes them to various areas within the University of Mississippi for optimal impact. The Foundation acts as a bridge between the university and its donors, ensuring that every gift made contributes to the betterment of education and research at the University.
The Foundation's primary responsibility is to ensure that all funds are handled with the utmost care and transparency. It receives, receipts, invests, and distributes all gifts, ensuring that they are used efficiently and effectively for the benefit of the University of Mississippi. The Foundation's commitment to its mission is evident in its dedication to managing and growing the funds it receives, with a focus on maximizing the positive impact on the university. With its stewardship of donor gifts, the University of Mississippi Foundation is a critical partner in the ongoing success of the University of Mississippi.
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Impact
October, 2024
The University of Mississippi Foundation plays a pivotal role in enhancing the educational experience and resources available at the University of Mississippi. By receiving, receipting, investing, and distributing gifts, the Foundation ensures that financial contributions directly benefit the university community. This support enables the institution to improve facilities, fund scholarships, enhance academic programs, and invest in research initiatives.
The Foundation's impact is felt throughout Oxford and beyond, as it helps to cultivate a vibrant educational environment that fosters student growth and development. Through its efforts in managing and allocating financial gifts, the Foundation strengthens the university's mission and ultimately contributes to the overall advancement of education in the region.
This information is meant to be a general summary of University Of Mississippi Foundation. 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 2023.
- Investment Income: $13,993,897
- Program Service Revenue: $1,266,721
- Gross Receipts: $205,350,087
Assets and Liabilities:
- Total Assets: $755,235,379
- Total Liabilities: $35,911,749
- Net Assets: $719,323,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT TICKETS
Revenue
$1,011,621
OTHER PROGRAM SERVICES
Revenue
$255,100
Organization Details
Founding Year
1973
Phone
(662) 915-5944Principal Officer
Maggie Abernathy
Main Address
406 UNIVERSITY AVENUE, OXFORD, MS, 38655
Website
www.umfoundation.comNTEE Category
Code: B110 - Education
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