Overview
What is University Of Alaska Foundation?
The University of Alaska Foundation is a nonprofit organization based in Anchorage, Alaska, located at 1815 Bragaw Street 206, 99508. Their primary role is to manage and act as a fiduciary for all monetary gifts received on behalf of the University of Alaska (UA). Over half of their program expenses go towards supporting academic services, facilities, and related infrastructure across the UA system. The foundation's mission is to seek, secure, and steward philanthropic support in partnership with the University of Alaska, contributing to shaping Alaska's future.
Official website here: www.alaska.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The University of Alaska Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score derived entirely from its Accountability & Finance metrics, the foundation demonstrated exemplary practices, including a 100% score in all relevant categories for fiscal year 2023. This indicates robust governance and transparency in its operations.
Strengths of the foundation include a fully independent board comprising 24 members, comprehensive audit practices, and well-documented policies regarding conflicts of interest and whistleblower protections. The organization also excels in financial efficiency, as evidenced by its favorable ratios for program expenses, fundraising efficiency, and working capital, which collectively suggest a sound fiscal strategy aimed at maximizing resources for its mission.
While the foundation appears to operate with significant financial stability and governance integrity, the summary does not provide any insights into specific programmatic outcomes or community impact, which are essential for a complete understanding of its effectiveness in serving its mission. Nonetheless, the strong financial indicators suggest that it is well-positioned to support the educational goals of the University of Alaska.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Alaska Foundation legitimate?
University Of Alaska Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Alaska 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: $1,846,268
Professional Fundraising Fees: $102,783
Other Salaries and Wages: $361,594
For more financial information, click here
Official website here: www.alaska.edu/foundation
What is the mission statement of University Of Alaska Foundation?
The University of Alaska Foundation plays a crucial role in securing philanthropic support for the University of Alaska. Its mission is to build excellence within the university system by seeking, securing, and stewarding donations. The foundation acts as a fiduciary for monetary gifts received on behalf of the University of Alaska and allocates over half of its expenses towards supporting academic services, facilities, and related infrastructure. By partnering with the University of Alaska System, the foundation contributes significantly to shaping Alaska's future.
Official website here: www.alaska.edu/foundation
Who is the CEO of University Of Alaska Foundation?
Tod Burnett is the Director of University Of Alaska Foundation.
Official website here: www.alaska.edu/foundation
What is the revenue of University Of Alaska Foundation?
University Of Alaska Foundation's revenue in 2022 was $78,947,787.
Official website here: www.alaska.edu/foundation
Who are the executives of University Of Alaska Foundation and what are their salaries?
There 35 volunteers at University Of Alaska Foundation.
Here are 35 key members and their salaries:
- Compensation: $0
- Related: $360,286
- Other: $58,989
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- Other: $72,027
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- Other: $36,772
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- Other: $29,402
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- Related: $172,586
- Other: $50,279
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- Related: $129,702
- Other: $49,894
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- Related: $146,636
- Other: $17,188
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- Related: $118,942
- Other: $43,220
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- Related: $114,580
- Other: $45,986
- Compensation: $0
- Related: $124,435
- Other: $36,120
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- Related: $104,635
- Other: $48,290
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Official website here: www.alaska.edu/foundation
Where can I find the form 990 for University Of Alaska Foundation?
University Of Alaska Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alaska.edu/foundation
Learn more at the official website: www.alaska.edu/foundation
Mission Statement of University Of Alaska Foundation
The University of Alaska Foundation is a dedicated philanthropic organization that works in collaboration with the University of Alaska System to procure, manage, and oversee charitable contributions. Its primary objective is to foster excellence across the University of Alaska by utilizing donor support. The Foundation plays a significant role in shaping Alaska's future by allocating over half of its expenses towards funding academic services, structures, and related infrastructure within the UA System.
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Impact
October, 2024
The University of Alaska Foundation impacts the educational landscape by actively seeking, securing, and stewarding philanthropic support to enhance the University of Alaska's offerings. By managing and acting as a fiduciary for monetary gifts, the foundation ensures that over 50% of program expenses are directed toward vital academic services, facilities, and infrastructure across the UA system. This commitment not only enriches educational experiences for students but also fosters excellence within the university, ultimately shaping Alaska's future through enhanced academic programs and resources. The foundation's work is integral to developing a sustainable and thriving educational environment in Anchorage and beyond, benefiting both the university community and the state of Alaska as a whole.
This information is meant to be a general summary of University Of Alaska 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 2022.
- Investment Income: $58,581,065
- Gross Receipts: $145,786,581
Assets and Liabilities:
- Total Assets: $526,923,123
- Total Liabilities: $174,779,634
- Net Assets: $352,143,489
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Organization Details
Founding Year
1974
Phone
(907) 786-1111Principal Officer
Tod Burnett
Main Address
1815 BRAGAW STREET 206 206, ANCHORAGE, AK, 99508
Website
www.alaska.edu/foundationNTEE Category
Code: B110 - Education
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