Overview
What is The University Of Cincinnati Foundation?
The University of Cincinnati Foundation is a key fundraising entity dedicated to advancing the future of the University of Cincinnati and its affiliated entities, including UC Health and the Lindner Center of Hope. Through philanthropy and alumni engagement, this nonprofit organization based in Cincinnati, Ohio, supports the university, its colleges, units, departments, faculty, and students. The UC Foundation also offers fundraising services for UC Health and records donations received by the Lindner Center of Hope, though these donations are not reflected in the Form 990 as contribution and grant revenue. With a vision to inspire a community of supporters, the University of Cincinnati Foundation ignites passion to transform lives.
Official website here: www.foundation.uc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The University of Cincinnati Foundation holds a strong rating of 92% on Charity Navigator, which reflects its commendable accountability and financial practices. This rating indicates that the organization has a robust governance structure, with a fully independent board and thorough oversight mechanisms in place. The foundation also excels in financial transparency, consistently reporting its activities and compensation practices while adhering to best practices in donor privacy and conflict of interest policies.
Despite the high accountability score, user reviews present a mixed picture. One donor expressed significant frustration regarding communication and transparency relating to a substantial bequest, feeling that the foundation exhibited a lack of responsiveness concerning how funds were being utilized. This highlights a potential area for improvement in engaging with and providing information to major donors and their families.
On a more positive note, there are testimonials that celebrate the foundation’s impactful fundraising efforts, especially in supporting medical initiatives like the Brain Tumor Center. These efforts showcase the foundation’s commitment to addressing critical health issues and its role in mobilizing resources for research and care. Overall, while the foundation is financially sound and respected for its governance, it may need to enhance its communication and support for families of substantial donors to improve overall satisfaction.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The University Of Cincinnati Foundation legitimate?
The University Of Cincinnati Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Cincinnati 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: $2,386,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,132,112
For more financial information, click here
Official website here: www.foundation.uc.edu
What is the mission statement of The University Of Cincinnati Foundation?
The University of Cincinnati Foundation inspires a community of supporters to engage with UC and UC Health through philanthropy. Its mission is to advance the futures of the university, its colleges, units, departments, faculty, and students by raising funds and promoting alumni engagement. All program service allocations are made for the benefit of the University of Cincinnati. In addition, the UC Foundation provides fundraising services for UC Health and the Lindner Center of Hope, recording donations received by these entities. These donations are not included in the Form 990 as contribution and grant revenue.
Official website here: www.foundation.uc.edu
Who is the CEO of The University Of Cincinnati Foundation?
Rae Mang is the Principal Officer of The University Of Cincinnati Foundation.
Official website here: www.foundation.uc.edu
What is the revenue of The University Of Cincinnati Foundation?
The University Of Cincinnati Foundation's revenue in 2022 was $143,064,693.
Official website here: www.foundation.uc.edu
Who are the executives of The University Of Cincinnati Foundation and what are their salaries?
The average compensation at The University Of Cincinnati Foundation during 2022 was $59,459. There are 261 employees and 3336 volunteers at The University Of Cincinnati Foundation.
Here are 65 key members and their salaries:
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Official website here: www.foundation.uc.edu
Where can I find the form 990 for The University Of Cincinnati Foundation?
The University Of Cincinnati Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.uc.edu
Learn more at the official website: www.foundation.uc.edu
Mission Statement of The University Of Cincinnati Foundation
The University of Cincinnati Foundation, a philanthropic organization, is dedicated to inspiring a community of supporters for the University of Cincinnati. Its mission is to harness the power of generosity to advance the futures of the university, its colleges, units, departments, faculty, and students. The organization envisions igniting passion to transform lives. The UC Foundation functions as the fundraising entity for the University of Cincinnati, working to secure donations that benefit the institution. It supports the university's mission by allocating program services and providing fundraising services for UC Health and the Lindner Center of Hope. The donations recorded for UC Health, the Lindner Center of Hope, and those received directly by the University of Cincincinnati are not included in the Form 990 as contribution and grant revenue.
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Impact
October, 2024
The University of Cincinnati Foundation plays a vital role in shaping the future of the University of Cincinnati and its health endeavors through philanthropy. By inspiring a community of supporters, the Foundation enhances the educational and health experiences within the university by funding various colleges, departments, and units.
This impact is felt across multiple dimensions: advancing educational programs, supporting faculty research, enhancing student experiences, and promoting alumni engagement. Through its fundraising efforts for both the university and UC Health, the Foundation ensures that critical resources are available to improve healthcare services and research, particularly through collaborations with the Lindner Center of Hope.
The Foundation's mission to ignite passion for transformation translates into tangible benefits for students and faculty alike, cultivating a culture of support and commitment to excellence in education and health care. By fostering a robust philanthropic community, it not only uplifts the immediate University of Cincinnati environment but also contributes to broader societal advancements, ultimately transforming lives through education and health initiatives.
This information is meant to be a general summary of The University Of Cincinnati 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: $24,057,277
- Program Service Revenue: $23,622,301
- Gross Receipts: $165,026,407
Assets and Liabilities:
- Total Assets: $743,496,538
- Total Liabilities: $39,194,817
- Net Assets: $704,301,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENERAL MANAGEMENT FEE
Revenue
$11,841,627
END FUND-RAISING ASSESSMENT
Revenue
$8,688,156
GIFT INVESTMENT FEE REVENUE
Revenue
$2,189,973
UC OTHER TRUSTEE FEE REVENUE
Revenue
$284,237
ENDOWMENT ADMIN. FEE REVENUE
Revenue
$270,963
Organization Details
Founding Year
1977
Phone
(513) 556-6781Principal Officer
Rae Mang
Main Address
PO BOX 19970, CINCINNATI, OH, 452190970
Website
www.foundation.uc.eduNTEE Category
Code: T30 - Philanthropy
If you are a representative of The University Of Cincinnati Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.