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Unidel Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 516015046 ✦ Greenville, DE ✦ Designated as a 501(c)(3)

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Overview

What is Unidel Foundation Inc?

Unidel Foundation Inc, established in 1939 by Miss Amy du Pont in honor of her father Eugene du Pont, is a Delaware-based nonprofit organization. With a team of just two employees, the foundation's primary mission is to support and enhance the University of Delaware by granting funds to crucial areas, particularly those that are relatively weak and could significantly benefit from this assistance. The grants aim to reward and encourage areas of demonstrated achievement within the university. Unidel Foundation's focus is on promoting the University of Delaware through targeted grants.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)

The Unidel Foundation Inc has received a strong rating of 94%, indicating a high level of accountability and financial health. This score is derived entirely from its accountability and finance metrics, showcasing the organization’s commitment to transparency and responsible financial management. A four-star rating reflects the foundation's effectiveness in using its resources to achieve its mission.

The organization excels in governance, with an independent board made up of 100% independent members, ensuring unbiased decision-making and oversight. Its financial practices are sound, demonstrated by a low liabilities to assets ratio of just 0.94% and a program expense ratio of 90.11%, which indicates that a significant portion of its funding goes directly to its programs rather than administrative costs. In addition, it has comprehensive policies in place for conflict of interest, whistleblower protection, and document retention, which bolster its credibility.

While the data reflects strong performance in governance and financial management, potential donors or stakeholders may want to consider the specific programs and impact metrics of the foundation, as the rating focuses primarily on financial accountability. Overall, the Unidel Foundation Inc is positioned as a trustworthy nonprofit with a robust operational framework.


This AI summary has been generated from information found on Charity Navigator.

Is Unidel Foundation Inc legitimate?

Unidel Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unidel Foundation Inc 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: $115,897
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,078

For more financial information, click here

What is the mission statement of Unidel Foundation Inc?

The Unidel Foundation, established in 1939, is dedicated to advancing the University of Delaware through targeted grants. Founded in honor of Eugene Du Pont, the foundation's primary mission is to bolster the academic prowess of the University of Delaware. Grants are allocated to enhance relatively weak areas in significant fields, providing crucial assistance. The foundation also acknowledges and rewards areas of demonstrated achievement within the university.

Who is the CEO of Unidel Foundation Inc?

Margaret Bottorff is the President of Unidel Foundation Inc.

What is the revenue of Unidel Foundation Inc?

Unidel Foundation Inc's revenue in 2022 was $18,814,889.

Who are the executives of Unidel Foundation Inc and what are their salaries?

The average compensation at Unidel Foundation Inc during 2022 was $78,488. There are 2 employees and 6 volunteers at Unidel Foundation Inc.


Here are 7 key members and their salaries:


Richard L Sutton Esq (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Mck Jefferson Esq (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin F Du Pont (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William M Lafferty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri L Kelly (Trustee (Until 10/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann C Rose (Trustee (From 10/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Bottorff (Secretary-Treasurer)
  • Compensation: $115,897
  • Related: $0
  • Other: $0
Where can I find the form 990 for Unidel Foundation Inc?

Unidel Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Unidel Foundation Inc

Unidel Foundation Inc, established in 1939 by Miss Amy Du Pont in honor of her father Eugene Du Pont, is a philanthropic organization with a primary mission to promote the University of Delaware. The foundation achieves this goal by making targeted grants to various purposes and programs within the university. Unidel Foundation's grants are strategically allocated to enhance the academic enrichment of the University of Delaware. These grants are aimed at improving relatively weak areas in important fields that can significantly benefit from such support. In addition, the foundation rewards and encourages areas of demonstrated achievement within the university. By providing grants, Unidel Foundation plays a crucial role in advancing the University of Delaware's academic pursuits and strengthening its standing in notable fields.

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Impact




October, 2024

Unidel Foundation Inc has a significant impact on the academic landscape at the University of Delaware through its targeted grant-making initiatives. By focusing on areas that require enhancement and supporting programs that demonstrate potential for achievement, the foundation plays a crucial role in enriching the educational experience at the university. Since its founding in 1939 by Miss Amy Du Pont, the foundation has made it its mission to foster growth in critical fields, ensuring that students and faculty have the resources and support necessary to excel. This commitment to academic excellence not only addresses gaps within the university but also rewards areas of proven success, ultimately benefiting the broader community and contributing to the advancement of education in Delaware. Through its strategic investments, Unidel Foundation Inc helps to shape a more robust and dynamic educational environment that will yield lasting benefits for future generations.




This information is meant to be a general summary of Unidel Foundation Inc. 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.

Revenue
$18,814,889 (2022)
Expenses
$15,755,586 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $18,814,889
  • Gross Receipts: $92,900,490

Assets and Liabilities:

  • Total Assets: $344,039,022
  • Total Liabilities: $6,554,223
  • Net Assets: $337,484,799

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Organization Details

Founding Year

1939

Principal Officer

Margaret Bottorff

Main Address

3801 KENNETT PIKE 303C, GREENVILLE, DE, 19807

NTEE Category

Code: B110 - Education

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