Overview
What is The Foundation Of The University Of North Carolina At Wilmington?
The Foundation of the University of North Carolina at Wilmington is a 501(c)(3) nonprofit organization, headquartered in Wilmington, North Carolina. Its primary mission is to support the university by soliciting and receiving private donations, which are then utilized to bolster educational programs and scholarship opportunities for students. The foundation accepts various forms of gifts, including real estate properties, life insurance policies, and charitable gift annuities and trusts, with the university serving as the sole beneficiary. These gifts ultimately contribute to the enhancement of the university's academic and student-focused initiatives.
Is The Foundation Of The University Of North Carolina At Wilmington legitimate?
The Foundation Of The University Of North Carolina At Wilmington is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The University Of North Carolina At Wilmington 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.
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What is the mission statement of The Foundation Of The University Of North Carolina At Wilmington?
The Foundation of the University of North Carolina at Wilmington, as a 501(c)(3) nonprofit organization, serves to aid the university in procuring and managing private donations. These contributions are primarily intended to enhance educational programs and create scholarship opportunities for students. The foundation's sole beneficiary is the university itself. The foundation additionally accepts gifts in kind, which can benefit the university in various forms, such as real estate properties, life insurance policies, and charitable gift annuities and trusts. Upon the donors' demise, the proceeds from these gifts are then gifted to the university.
What is the revenue of The Foundation Of The University Of North Carolina At Wilmington?
The Foundation Of The University Of North Carolina At Wilmington's revenue in 2024 was $599,858.
Who are the executives of The Foundation Of The University Of North Carolina At Wilmington and what are their salaries?
Here are 22 key members and their salaries:
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Where can I find the form 990 for The Foundation Of The University Of North Carolina At Wilmington?
The Foundation Of The University Of North Carolina At Wilmington's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Foundation Of The University Of North Carolina At Wilmington
The Foundation of the University of North Carolina at Wilmington, a 501(c)(3) nonprofit organization, serves a crucial role in supporting its beneficiary, the university. Its primary mission is to facilitate the solicitation and receipt of private gifts, with the ultimate goal of enhancing educational programs and providing scholarship opportunities for students. By accepting gifts in-kind, such as real estate properties, life insurance policies, and charitable gift annuities and trusts, the foundation ensures that the proceeds will be transferred to the university upon the donors' demise. This strategic approach enables the Foundation of the University of North Carolina at Wilmington to contribute significantly to the university's growth and development, ultimately benefiting its students.
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Impact
October, 2024
The Foundation of the University of North Carolina at Wilmington significantly impacts the university by enhancing educational programs and expanding scholarship opportunities for students. By facilitating the solicitation and acceptance of private gifts, the foundation plays a crucial role in securing resources that directly benefit the university community.
Through its ability to accept a range of gifts—such as real estate, life insurance policies, and charitable gift annuities—the foundation ensures that valuable contributions can be directed toward initiatives that support academic advancement. The proceeds from these gifts ultimately support the university’s mission and enhance the overall educational experience for students. As the sole beneficiary of the foundation's efforts, UNCW can further its commitment to providing quality education and fostering student success, making a lasting difference in the lives of its students and the broader community.
This information is meant to be a general summary of The Foundation Of The University Of North Carolina At Wilmington. 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 2024.
- Investment Income: $76,876
- Gross Receipts: $1,672,736
Assets and Liabilities:
- Total Assets: $9,950,079
- Total Liabilities: $0
- Net Assets: $9,950,079
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Organization Details
Founding Year
1962
Principal Officer
Eddie Stuart
NTEE Category
Code: B43I - Education
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