Overview
What is The University Of Georgia Foundation?
The University of Georgia Foundation, founded in 1937, is a charitable organization based in Georgia. Their primary goal is to support the academic programs at the University of Georgia through volunteer leadership and financial assistance. By managing and maintaining endowments for the university, they contribute to teaching, research, public service, and outreach initiatives. The foundation's mission is carried out by managing funds according to their charter.
Official website here: www.ugafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The University of Georgia Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and financial management. This rating is based entirely on its perfect score of 100% in the Accountability & Finance category, showcasing its commitment to transparency and responsible stewardship of funds.
The foundation demonstrates strong governance practices, with a majority of independent board members and a well-structured board size. Its financial policies are robust, with no reported material diversion of assets and comprehensive audit oversight. Additionally, the foundation maintains transparency by listing essential documents and policies on its website, ensuring that stakeholders can access critical information easily.
Despite its strengths, the foundation's reliance on a single performance metric may limit a comprehensive view of its overall impact. However, the metrics available suggest a highly efficient operation, with a program expense ratio of over 92%, indicating that most funds are directed towards its programs rather than administrative costs. Overall, the University of Georgia Foundation stands out as a reliable nonprofit committed to excellence in financial governance.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Georgia Foundation legitimate?
The University Of Georgia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Georgia 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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Official website here: www.ugafoundation.org
What is the mission statement of The University Of Georgia Foundation?
The University of Georgia Foundation operates with a mission to bolster the academic initiatives of the university. Established in 1937, its primary function is to oversee the management of endowments created for the university's teaching, research, public service, and outreach programs. The foundation's leadership and assistance play a crucial role in fulfilling this objective. Its charter allows it to maintain funds and carry out activities in line with this mission.
Official website here: www.ugafoundation.org
What is the revenue of The University Of Georgia Foundation?
The University Of Georgia Foundation's revenue in 2024 was $257,703,418.
Official website here: www.ugafoundation.org
Who are the executives of The University Of Georgia Foundation and what are their salaries?
There 46 volunteers at The University Of Georgia Foundation.
Here are 41 key members and their salaries:
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Official website here: www.ugafoundation.org
Where can I find the form 990 for The University Of Georgia Foundation?
The University Of Georgia Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ugafoundation.org
Learn more at the official website: www.ugafoundation.org
Mission Statement of The University Of Georgia Foundation
The University of Georgia Foundation, established in 1937, is a mission-driven organization dedicated to supporting the academic endeavors of the University of Georgia. By charter, its role is twofold: to create and preserve endowments for the university's teaching, research, public service, and outreach programs. Through volunteer leadership and assistance, this foundation brings resources to the academic institution in line with its objectives.
In simple terms, The University of Georgia Foundation functions as a steward, managing funds donated towards the university's mission. Its primary role is to ensure that these resources are allocated effectively, sustaining the academic programs and initiatives at the university in the long term. The foundation's commitment to its mission is unwavering, with a focus on enhancing the educational experience for students and contributing to groundbreaking research at the university.
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Impact
October, 2024
The University of Georgia Foundation significantly impacts the university by bolstering its teaching, research, public service, and outreach programs. Established in 1937, the foundation plays a crucial role in creating and maintaining endowments that provide sustained financial support for academic initiatives at the University of Georgia. Through effective volunteer leadership and dedicated assistance, the foundation ensures that these funds are managed align with its mission, ultimately facilitating a vibrant educational environment and enhancing the university's capacity to serve students and the wider community. This enduring support helps foster innovation, enrich academic programs, and advance the university’s goals, solidifying its status as a leading institution in higher education.
This information is meant to be a general summary of The University Of Georgia 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 2024.
- Investment Income: $35,446,918
- Program Service Revenue: $1,749,838
- Gross Receipts: $348,922,390
Assets and Liabilities:
- Total Assets: $1,974,085,193
- Total Liabilities: $95,026,717
- Net Assets: $1,879,058,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM STUDY ABROAD
Revenue
$1,165,182
EVENT REGISTRATIONS
Revenue
$315,117
INVESTMENT FEE (FHFO)
Revenue
$269,539
Organization Details
Founding Year
1937
Principal Officer
Elizabeth Prince
Website
www.ugafoundation.orgNTEE Category
Code: B110 - Education
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