Overview
What is University Of Mary Washington Foundation?
The University of Mary Washington Foundation serves as a private asset manager for the University of Mary Washington, located in Fredericksburg, Virginia. With five dedicated employees, its primary role is to manage all privately donated cash and investments of the university. Additionally, the foundation engages in real estate acquisitions, development, and management on behalf of the institution. Its mission is to receive, hold, invest, administer, and distribute funds and property of all kinds, solely to support the educational activities and objectives of the University of Mary Washington.
Official website here: www.umwf.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 100% (Four-Star out of Four Stars)**
The University of Mary Washington Foundation receives a remarkable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. This rating, based entirely on the organization's 100% score in these areas, showcases its effective governance practices, including complete independence of board members and strong oversight mechanisms, ensuring transparency and proper handling of financial resources.
Financially, the foundation demonstrates robust health with an excellent program expense ratio of 84.10%, indicating that a significant portion of its funds directly supports its mission. The organization is also noted for its minimal fundraising costs, with a fundraising efficiency ratio that is impressively low, making it a financially efficient nonprofit. Despite its strengths, the foundation has not yet been rated on leadership adaptability, culture, or community impact.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Mary Washington Foundation legitimate?
University Of Mary Washington Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Mary Washington 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: $477,474
Professional Fundraising Fees: $0
Other Salaries and Wages: $753,820
For more financial information, click here
Official website here: www.umwf.org
What is the mission statement of University Of Mary Washington Foundation?
The University of Mary Washington Foundation's mission is to collect, manage, and distribute funds and assets aimed at supporting the educational objectives and activities of the University of Mary Washington. Specifically, the foundation receives, holds, invests, administers, and distributes various types of funds and property for this purpose. In addition to managing privately donated cash and investments, the foundation is also involved in real estate acquisition, development, and management on behalf of the institution.
Official website here: www.umwf.org
Who is the CEO of University Of Mary Washington Foundation?
Jeff W Rountree is the Ceo of University Of Mary Washington Foundation. The CEO's salary of University Of Mary Washington Foundation is $236,386 and their total compensation is $265,096.
Official website here: www.umwf.org
What is the revenue of University Of Mary Washington Foundation?
University Of Mary Washington Foundation's revenue in 2022 was $10,995,561.
Official website here: www.umwf.org
Who are the executives of University Of Mary Washington Foundation and what are their salaries?
The average compensation at University Of Mary Washington Foundation during 2022 was $246,259. There are 5 employees at University Of Mary Washington Foundation.
Here are 36 key members and their salaries (University Of Mary Washington Foundation's CEO's salary is $236,386 and their total compensation is $265,096):
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Official website here: www.umwf.org
Where can I find the form 990 for University Of Mary Washington Foundation?
University Of Mary Washington Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umwf.org
Learn more at the official website: www.umwf.org
Mission Statement of University Of Mary Washington Foundation
The University of Mary Washington Foundation's primary mission involves managing and administering various funds and properties for the betterment of the University of Mary Washington. Specifically, the foundation receives, holds, invests, and distributes funds and assets exclusively in support of the educational activities and objectives of the university. In this role, the University of Mary Washington Foundation functions as a private asset manager, overseeing the institution's privately donated cash and investments. Additionally, the foundation is engaged in real estate acquisition, development, and management on behalf of the university.
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Impact
July, 2024
The University of Mary Washington Foundation has a significant impact by effectively managing and distributing funds and property to further the educational activities and objectives of the University of Mary Washington. As the private asset manager for the university, the foundation oversees all privately donated cash and investments, as well as engages in real estate acquisition, development, and management on behalf of the institution. This support plays a crucial role in enhancing the university's resources, facilities, and overall educational experience for its students and faculty.
This information is meant to be a general summary of University Of Mary Washington 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: $1,600,393
- Program Service Revenue: $305,291
- Gross Receipts: $56,058,762
Assets and Liabilities:
- Total Assets: $108,466,422
- Total Liabilities: $41,202,852
- Net Assets: $67,263,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIVERSITY RENTAL INCOME
Revenue
$305,291
Organization Details
Founding Year
1975
Phone
(540) 479-1893Principal Officer
Jeff W Rountree
Main Address
1125 EMANCIPATION HIGHWAY 200, FREDERICKSBURG, VA, 22401
Website
www.umwf.orgNTEE Category
Code: B42 - Education
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