Overview
What is Rochester University Foundation?
The Rochester University Foundation, established in 2008, is a charitable organization based in Rochester Hills, Michigan. With its headquarters at 800 West Avon Road, this nonprofit entity was established with the primary goal of supporting and benefiting Rochester University. The Foundation's activities are primarily focused on offering scholarships to students and funding for various building projects at the university. By doing so, the Foundation plays a vital role in enhancing educational opportunities and campus infrastructure for Rochester University. The third significant year of its activity, as reflected in the current reporting year, showcases the Foundation's ongoing commitment to its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Rochester University Foundation has achieved an impressive 94% rating from Charity Navigator, reflecting its strong performance in accountability and finance. The high score is solely based on a comprehensive evaluation of its financial practices, with a particular emphasis on its operations over the most recent fiscal year, FY2023. This rating highlights the foundation’s commitment to maintaining transparency and integrity in its financial dealings.
The organization boasts a fully independent board, scoring full points in both the majority independent board members and the independent board size categories. Furthermore, it has no record of material diversion of assets, and rigorous policies on conflict of interest, whistleblowing, and document retention are in place, which reinforces its ethical governance framework. The foundation's success in achieving a 100% program expense ratio signifies that all of its expenditures directly support its mission.
While the foundation stands out for its financial health and governance, the data does not provide an overview of its programmatic impact or community engagement. Potential donors and stakeholders may wish to explore these aspects further to gain a complete picture of the foundation's overall effectiveness and reach in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester University Foundation legitimate?
Rochester University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester University 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.
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What is the mission statement of Rochester University Foundation?
The mission of the Rochester University Foundation, established in 2008, is primarily focused on providing scholarships to students and funding for various building projects at Rochester University. Acting as a not-for-profit organization, its purpose is to support and benefit the university, contributing to its growth and development. The foundation's activities during its third significant year of operation were reflected in this objective.
Who is the CEO of Rochester University Foundation?
Jennifer Porter is the Executive Director of Rochester University Foundation.
What is the revenue of Rochester University Foundation?
Rochester University Foundation's revenue in 2023 was $53,685.
Who are the executives of Rochester University Foundation and what are their salaries?
There 8 volunteers at Rochester University Foundation.
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Where can I find the form 990 for Rochester University Foundation?
Rochester University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rochester University Foundation
The Rochester University Foundation, a not-for-profit organization, has been established with the primary mission of supporting and benefiting Rochester University. This mission is twofold, encompassing both the provision of scholarships to students and the funding of building projects within the university. The foundation's purpose is to contribute to the growth and development of Rochester University, ensuring that it continues to thrive and provide quality education to its students. The foundation's activities, as reflected in its third significant year of operation, underscore its commitment to upholding the university's reputation and advancing its goals.
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Impact
August, 2024
Rochester University Foundation's impact can be seen in the form of scholarships awarded to students and the funding provided for building projects at Rochester University. The foundation plays a crucial role in supporting the educational pursuits of students through financial assistance and contributes to the development and improvement of the university's infrastructure. By providing scholarships and funding for building projects, the Foundation is instrumental in enhancing the educational opportunities and facilities available at Rochester University. This directly contributes to the growth and success of the university community.
This information is meant to be a general summary of Rochester University 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: -$23,118
- Gross Receipts: $53,685
Assets and Liabilities:
- Total Assets: $2,045,256
- Total Liabilities: $0
- Net Assets: $2,045,256
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Organization Details
Founding Year
2008
Principal Officer
Jennifer Porter
Main Address
800 West Avon Road, Rochester Hills, MI, 48307
NTEE Category
Code: T31 - Philanthropy
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