Overview
What is University Of South Carolina Upstate Foundation?
The University of South Carolina Upstate Foundation is a permanent charitable organization situated in Spartanburg, South Carolina. Its primary mission is to financially support the University of South Carolina Upstate, contributing towards the acquisition of artistic pieces, equipment, and supplies. The foundation also funds various scholarships for students, sponsors international experiences, and covers expenses for performances, events, and student activities. Moreover, it enables USC Upstate to uphold its metropolitan mission by providing financial assistance. In summary, the University of South Carolina Upstate Foundation serves as a philanthropic entity, accepting gifts to exclusively benefit the university in charitable, benevolent, cultural, and educational capacities.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The University of South Carolina Upstate Foundation has achieved a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 94% in Accountability & Finance, this organization demonstrates strong governance practices, including a fully independent board and a robust audit and oversight committee. Their commitment to transparency is further reflected in their documented policies on conflict of interest, whistleblowing, and document retention.
Financially, the Foundation shows a healthy ratio of liabilities to assets at 2.19%, suggesting sound fiscal management. They allocate a significant portion of their budget to program expenses, with 77.37% directed towards their core mission. This level of financial responsibility is commendable and provides assurance to donors about the effective use of their contributions.
While the ratings highlight many positive aspects, the summary does not indicate areas of concern or limitations. Overall, the University of South Carolina Upstate Foundation appears to be a trustworthy organization dedicated to its goals and committed to maintaining high standards in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is University Of South Carolina Upstate Foundation legitimate?
University Of South Carolina Upstate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of South Carolina Upstate 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.
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What is the mission statement of University Of South Carolina Upstate Foundation?
The University of South Carolina Upstate Foundation was established to serve as a permanent entity, accepting charitable, benevolent, cultural, and educational gifts. Its primary purpose is to utilize these gifts exclusively for the benefit of the University of South Carolina Upstate. The foundation provides financial support to the university, contributing towards purchasing art, equipment, and supplies. It also funds various student scholarships, facilitates international experiences for students, and covers expenses for performances, events, and student activities. In essence, the University of South Carolina Upstate Foundation enables the university to fulfill its metropolitan mission.
Who is the CEO of University Of South Carolina Upstate Foundation?
Rj Gimbl is the Chair of University Of South Carolina Upstate Foundation.
What is the revenue of University Of South Carolina Upstate Foundation?
University Of South Carolina Upstate Foundation's revenue in 2022 was $2,901,913.
Who are the executives of University Of South Carolina Upstate Foundation and what are their salaries?
There 18 volunteers at University Of South Carolina Upstate Foundation.
Here are 20 key members and their salaries:
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Where can I find the form 990 for University Of South Carolina Upstate Foundation?
University Of South Carolina Upstate Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of South Carolina Upstate Foundation
The University of South Carolina Upstate Foundation serves as a permanent entity, established to accept charitable, benevolent, cultural, and educational gifts. Its primary mission is to utilize these donations exclusively for the benefit of the University of South Carolina Upstate. The organization provides financial support in various forms, contributing towards the procurement of art, equipment, and supplies for the university. Additionally, it funds a diverse range of student scholarships, facilitates international experiences for students, and supports performances, events, and student activities. By doing so, the University of South Carolina Upstate Foundation enables the institution to uphold its metropolitan mission.
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Impact
July, 2024
The University Of South Carolina Upstate Foundation's impact is significant in providing financial support for the benefit of the University of South Carolina Upstate. The foundation's activities include purchasing art, equipment, and supplies, funding various student scholarships, enabling international experiences for students, and supporting performances, events, and student activities. This support helps the university fulfill its metropolitan mission and enhances the educational experience for students.
This information is meant to be a general summary of University Of South Carolina Upstate 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: $176,690
- Gross Receipts: $8,881,959
Assets and Liabilities:
- Total Assets: $16,823,621
- Total Liabilities: $401,177
- Net Assets: $16,422,444
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Organization Details
Founding Year
1973
Phone
(864) 503-7417Principal Officer
Rj Gimbl
Main Address
800 UNIVERSITY WAY, SPARTANBURG, SC, 29303
NTEE Category
Code: B82 - Education
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