Overview
What is The University Of Toledo Foundation?
The University of Toledo Foundation is a nonprofit organization based in Toledo, Ohio, with an address at 4510 Dorr St MS 820, ZIP code 43615. Dedicated to supporting the University of Toledo and its students, the Foundation provides essential scholarships for books, tuition, and housing. With a commitment to fostering loyalty and engagement, the Foundation's mission involves prudent asset management and philanthropy, constructing strong connections between alumni and the university. The University of Toledo Foundation currently employs a team of 106 individuals.
Official website here: www.utfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 89%, Three-Star out of Four Star rating.
The University of Toledo Foundation has achieved a commendable score of 89%, reflecting solid accountability and financial management. The foundation excels in various areas, having received perfect scores for its independent board membership, auditing procedures, and adherence to conflict of interest regulations. This strong governance framework enhances the foundation's credibility and assures donors of its commitment to transparency.
However, there are areas where the foundation could improve. The program expense ratio stands at 64.70%, which, while respectable, suggests that there is room for a larger portion of funds to be directed towards programs rather than administrative or fundraising costs. Additionally, the fundraising efficiency ratio of $0.29 indicates that a significant portion of funds raised goes towards fundraising efforts, which could be optimized for better overall impact.
Overall, the University of Toledo Foundation demonstrates a reliable level of financial stewardship and organizational integrity, though focusing on increasing program spending and enhancing fundraising effectiveness could further bolster its mission and outreach capabilities.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Toledo Foundation legitimate?
The University Of Toledo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Toledo 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: $454,605
Professional Fundraising Fees: $165,122
Other Salaries and Wages: $4,482,497
For more financial information, click here
Official website here: www.utfoundation.org
What is the mission statement of The University Of Toledo Foundation?
The University of Toledo Foundation supports the University of Toledo and its students with a mission to ensure its future through careful asset management and philanthropy. The foundation strengthens the connection between alumni and the university, fostering a sense of loyalty and engagement. Scholarships are a significant aspect of the foundation's activities, providing financial assistance for students in the form of books, tuition, and housing at the University of Toledo.
Official website here: www.utfoundation.org
Who is the CEO of The University Of Toledo Foundation?
Brenda Lee is the Principal Officer of The University Of Toledo Foundation.
Official website here: www.utfoundation.org
What is the revenue of The University Of Toledo Foundation?
The University Of Toledo Foundation's revenue in 2022 was $29,398,271.
Official website here: www.utfoundation.org
Who are the executives of The University Of Toledo Foundation and what are their salaries?
The average compensation at The University Of Toledo Foundation during 2022 was $46,576. There are 106 employees and 25 volunteers at The University Of Toledo Foundation.
Here are 33 key members and their salaries:
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- Other: $31,758
Official website here: www.utfoundation.org
Where can I find the form 990 for The University Of Toledo Foundation?
The University Of Toledo Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.utfoundation.org
Learn more at the official website: www.utfoundation.org
Mission Statement of The University Of Toledo Foundation
The University of Toledo Foundation plays a crucial role in supporting the University of Toledo and its students through prudent asset management and philanthropy. Established with a mission to secure the future of the University of Toledo, the Foundation fosters strong links between alumni and the institution, nurturing a spirit of loyalty and engagement.
The University of Toledo Foundation's primary objective is to provide scholarships for students attending the University of Toledo. These scholarships help cover the costs of books, tuition, and housing, enabling deserving students to pursue their education without financial burden. By doing so, the Foundation contributes significantly to the academic success and future prospects of its students.
The University of Toledo Foundation's mission extends beyond just financial support. It aims to build lasting bonds between alumni and the University, fostering a sense of community and opportunities for engagement. Through its philanthropic efforts, the Foundation creates a ripple effect, inspiring generosity and increasing the impact of the University of Toledo's educational offerings. In this way, the University of Toledo Foundation serves as a vital partner in the University's ongoing quest to provide a quality education and shape the future of its students.
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Impact
October, 2024
The University of Toledo Foundation plays a vital role in enhancing the educational experience and future opportunities for students at the University of Toledo. By securing funds and managing assets prudently, the Foundation supports the university’s mission through scholarships that cover essential costs such as books, tuition, and housing. This financial assistance enables students to focus on their studies and personal growth without the burden of financial stress. Additionally, the Foundation fosters strong connections between alumni and the university, cultivating a sense of loyalty and encouraging ongoing engagement. Ultimately, the Foundation's efforts help to ensure a prosperous future for both the university and its students.
This information is meant to be a general summary of The University Of Toledo 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: $10,968,985
- Program Service Revenue: $3,382,148
- Gross Receipts: $67,617,612
Assets and Liabilities:
- Total Assets: $672,998,290
- Total Liabilities: $291,905,663
- Net Assets: $381,092,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$3,382,148
Organization Details
Founding Year
1964
Phone
(419) 530-7730Principal Officer
Brenda Lee
Main Address
4510 DORR ST MS 820, TOLEDO, OH, 43615
Website
www.utfoundation.orgNTEE Category
Code: B110 - Education
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