Overview
What is Miami University Foundation?
The Miami University Foundation is a nonprofit organization that plays a crucial role in supporting Miami University. Based on the provided information, it functions by receiving donations from alumni and benefactors of the university and adhering to donors' instructions. The foundation then transfers the investment returns to Miami University regularly to foster its educational and research objectives.
Official website here: www.forloveandhonor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Miami University Foundation has received a high rating of 96% from Charity Navigator, signifying a strong commitment to accountability and financial management. The foundation's top score indicates that it has successfully met rigorous standards in various aspects of governance, including maintaining a majority of independent board members and having robust financial oversight mechanisms in place.
The organization demonstrates exceptional performance in several key areas, such as program expense ratio and fundraising efficiency. Notably, 81.83% of its expenses are directed towards programs, while it only spends $0.07 to raise each dollar, reflecting a highly efficient fundraising strategy. Its financial health is further underscored by a low liabilities-to-assets ratio and a significant working capital reserve of 21.38 years.
While the overall data is overwhelmingly positive, it's always prudent for potential donors and stakeholders to consider ongoing operational performance and community impact, beyond just financial metrics. However, based on the provided ratings and scores, the Miami University Foundation appears to be a well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Miami University Foundation legitimate?
Miami University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.forloveandhonor.org
What is the mission statement of Miami University Foundation?
The Miami University Foundation serves a crucial role in supporting Miami University by collecting donations from its alumni and benefactors. According to their instructions, the foundation utilizes these contributions to enhance the educational and research objectives of the university. Periodically, the foundation transfers the earnings from its investments to Miami University to facilitate its growth and development.
Official website here: www.forloveandhonor.org
Who is the CEO of Miami University Foundation?
Unavailable
Official website here: www.forloveandhonor.org
What is the revenue of Miami University Foundation?
Miami University Foundation's revenue in 2022 was $28,643,439.
Official website here: www.forloveandhonor.org
Who are the executives of Miami University Foundation and what are their salaries?
There 37 volunteers at Miami University Foundation.
Here are 35 key members and their salaries:
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- Related: $370,510
- Other: $67,289
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- Other: $30,422
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- Other: $42,086
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- Related: $542,587
- Other: $86,981
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- Related: $373,885
- Other: $63,830
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- Related: $214,830
- Other: $35,954
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- Related: $192,660
- Other: $26,593
- Compensation: $0
- Related: $223,154
- Other: $48,376
- Compensation: $0
- Related: $335,129
- Other: $54,739
Official website here: www.forloveandhonor.org
Where can I find the form 990 for Miami University Foundation?
Miami University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forloveandhonor.org
Learn more at the official website: www.forloveandhonor.org
Mission Statement of Miami University Foundation
The Miami University Foundation plays a vital role in supporting Miami University by collecting donations from the university's alumni and friends. The foundation is dedicated to using these contributions in accordance with the donors' instructions. The primary objective of the Miami University Foundation is to transfer the investment earnings it accrues to the university on a regular basis, contributing to its educational and research goals. By doing so, the foundation helps Miami University advance its mission and make a positive impact on students and the academic community.
In essence, the Miami University Foundation acts as a bridge between generous donors and the university, ensuring that funds are allocated effectively and in alignment with the donors' intentions. The foundation's efforts enable Miami University to continue its commitment to providing a superior educational experience and conducting groundbreaking research. The financial support provided by the Miami University Foundation is essential for the university to thrive and remain at the forefront of higher education.
Through its commitment to receiving and managing donor contributions, the Miami University Foundation contributes significantly to the university's ongoing success. It allows Miami University to expand its opportunities, foster innovation, and invest in the future of its students and the academic community. By faithfully executing its mission, the Miami University Foundation strengthens the bonds between the university and its supporters, fostering a strong sense of pride and loyalty among alumni and friends.
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Impact
October, 2024
The Miami University Foundation plays a crucial role in enhancing the educational and research initiatives of Miami University. By receiving and managing contributions from alumni and friends, the Foundation ensures that the financial support aligns with donor intentions, maximizing the impact of each gift. It regularly transfers investment earnings to the University, which helps fund various projects, scholarships, and programs that benefit students and faculty. This support not only aids in advancing the academic mission of the University but also enriches the overall educational experience, contributing to the institution's growth and development in Oxford, Ohio.
This information is meant to be a general summary of Miami 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 2022.
- Investment Income: $9,877,223
- Gross Receipts: $92,268,264
Assets and Liabilities:
- Total Assets: $724,573,926
- Total Liabilities: $286,036,362
- Net Assets: $438,537,564
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Organization Details
Founding Year
1948
Phone
(513) 529-6110Main Address
107 Roudebush Hall, Oxford, OH, 45056
Website
www.forloveandhonor.orgNTEE Category
Code: B110 - Education
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