Overview
What is University Of Illinois Foundation?
The University of Illinois Foundation, based at 1305 W Green Street, Urbana, Illinois, is a nonprofit organization dedicated to supporting the University of Illinois. Its mission is to procure private funds on behalf of the University, functioning as its independent official fundraising and private gift-receiving entity. By working in conjunction with the University's leadership, the Foundation identifies strategic priorities, creates tailored fundraising strategies, and implements development programs. The Foundation's primary goal is to advance the interests and welfare of the University of Illinois, serving as an integral partner in its growth and success. With a workforce of approximately 175 employees, the University of Illinois Foundation focuses on student, faculty, and research support.
Official website here: www.uif.uillinois.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The University of Illinois Foundation has achieved a perfect score of 100% on Charity Navigator, reflecting its exceptional accountability and financial health. This rating is significant as it indicates a robust organizational structure with a strong commitment to transparency and ethical governance. The foundation has demonstrated that it is effectively managing its resources, with an independent board composed entirely of 24 members, ensuring unbiased oversight and decision-making.
Among its financial strengths, the foundation boasts an impressive program expense ratio of 80.68%, highlighting its focus on delivering services over administrative costs. Additionally, its fundraising efficiency is commendable, with only $0.08 spent to raise each dollar. The foundation maintains a healthy working capital ratio of 10.26 years, suggesting financial stability and the ability to support its activities without immediate financial pressure.
While the University of Illinois Foundation has no significant limitations noted in the data, its commitment to transparency is evident through various policies and practices such as whistleblower protection and conflict of interest policies. Overall, the high rating underscores the foundation's dedication to its mission and responsible management of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Illinois Foundation legitimate?
University Of Illinois Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Illinois 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: $4,202,192
Professional Fundraising Fees: $146,862
Other Salaries and Wages: $17,172,971
For more financial information, click here
Official website here: www.uif.uillinois.edu
What is the mission statement of University Of Illinois Foundation?
The University of Illinois Foundation serves as the University of Illinois's independent fundraising organization, procuring private support to advance its mission. Established with the role to identify strategic priorities, create fundraising strategies, and implement development programs, the Foundation acts as a bridge between potential donors and the University.
As a nonprofit entity, the Foundation exists solely to benefit the University by encouraging and administering private gifts, with distributions used for various purposes, such as student and faculty support, and research in accordance with donor intent.
The Foundation collaborates with University leadership to tailor fundraising initiatives, annual giving programs, and major capital campaigns, ensuring the University's needs are met through private financial contributions.
Acting as the University's official gift-receiving organization, the Foundation plays a vital role in securing essential resources to further the educational institution's mission.
Official website here: www.uif.uillinois.edu
Who is the CEO of University Of Illinois Foundation?
James H Moore Jr is the President & Ceo of University Of Illinois Foundation. The CEO's salary of University Of Illinois Foundation is $630,366 and their total compensation is $682,815.
Official website here: www.uif.uillinois.edu
What is the revenue of University Of Illinois Foundation?
University Of Illinois Foundation's revenue in 2022 was $360,635,048.
Official website here: www.uif.uillinois.edu
Who are the executives of University Of Illinois Foundation and what are their salaries?
The average compensation at University Of Illinois Foundation during 2022 was $122,144. There are 175 employees and 932 volunteers at University Of Illinois Foundation.
Here are 40 key members and their salaries (University Of Illinois Foundation's CEO's salary is $630,366 and their total compensation is $682,815):
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- Compensation: $630,366
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- Compensation: $548,266
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- Other: $42,081
Official website here: www.uif.uillinois.edu
Where can I find the form 990 for University Of Illinois Foundation?
University Of Illinois Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uif.uillinois.edu
Learn more at the official website: www.uif.uillinois.edu
Mission Statement of University Of Illinois Foundation
The University of Illinois Foundation is a dedicated nonprofit organization with a mission to enhance the University of Illinois's mission by securing private donations. Established as an independent entity, the Foundation works closely with the University's leadership to determine strategic priorities for fundraising and create tailored campaigns to meet these objectives. With a focus on procuring private support, the University of Illinois Foundation spearheads various initiatives, including annual giving programs, major capital campaigns, and special fundraising projects.
In its role as a facilitator of private giving, the Foundation plays a pivotal part in determining the University's development strategies and executing effective fundraising programs. By collaborating with a network of University development professionals, the Foundation ensures that donor intentions are met and resources are allocated to areas of greatest need. Once funds are raised, the University of Illinois utilizes the distributions for various purposes, such as supporting students, faculty, and research initiatives.
The University of Illinois Foundation is committed to serving the University's interests and fostering its growth through the acquisition of private donations. By acting as the official fundraising and gift-receiving organization for the University of Illinois, the Foundation plays a crucial role in securing essential resources that enable the University to achieve its goals and make a positive impact in the academic community.
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Impact
October, 2024
The University of Illinois Foundation plays a vital role in advancing the interests and welfare of the University of Illinois through strategic fundraising initiatives. By procuring private support, the Foundation directly contributes to essential areas such as student aid, faculty development, and research projects. Collaborating closely with university leadership, it identifies priorities for private support and creates comprehensive fundraising strategies to address those needs.
The Foundation's efforts culminate in significant financial distributions to the University, which are utilized in alignment with donor intent. This support enhances the educational experience, strengthens faculty resources, and fosters innovation through research. Overall, the impact of the University of Illinois Foundation is profound, as it not only secures vital resources but also helps shape the future of the University and its community.
This information is meant to be a general summary of University Of Illinois 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: $73,905,711
- Program Service Revenue: $9,664,172
- Gross Receipts: $614,191,478
Assets and Liabilities:
- Total Assets: $3,049,278,109
- Total Liabilities: $75,439,367
- Net Assets: $2,973,838,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
University Contract & Budget
Revenue
$9,440,509
Annual Funds
Revenue
$223,663
Organization Details
Founding Year
1935
Phone
(217) 333-0810Principal Officer
James H Moore Jr
Main Address
1305 W Green Street, Urbana, IL, 61801
Website
www.uif.uillinois.eduNTEE Category
Code: B110 - Education
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