Overview
What is University Of South Florida Foundation Inc?
University of South Florida Foundation Inc, located at 4202 EAST FOWLER AVENUE in Tampa, Florida (33620), functions as the official legal entity for managing private donations in support of the University of South Florida. The Foundation's mission is to accept, invest, and distribute these gifts, which contribute to various university activities and programs, such as colleges, campuses, health, athletics, and other related units. The support provided includes financing endowed chairs, grants, and student scholarships, among other initiatives.
Official website here: www.giving.usf.edu/
What are the reviews and ratings of this charity?
Charity Navigator has awarded the University of South Florida Foundation Inc a Four-Star out of Four Star rating, reflecting an impressive score of 100%. This rating is primarily based on the organization's strong Accountability & Finance metrics, indicating a high level of transparency and effective financial management. The foundation's commitment to maintaining a majority independent board and robust audit processes contributes significantly to its commendable rating.
In terms of organizational strengths, the foundation excels in various aspects such as having no material diversion of assets, a well-compensated board, and comprehensive conflict of interest and whistleblower policies. Their financial health is particularly noteworthy, with a program expense ratio of 78.56%, indicating that a significant portion of resources is directed towards its mission. Additionally, the foundation has shown remarkable efficiency in fundraising, with only $0.12 spent to raise each dollar.
Despite these strengths, there are no significant limitations reported in the available data. The foundation has demonstrated effective governance and financial practices, ensuring a sustainable approach to fulfilling its mission. Overall, the University of South Florida Foundation Inc stands out as a reputable nonprofit committed to accountability and excellence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is University Of South Florida Foundation Inc legitimate?
University Of South Florida Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of South Florida 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: $2,159,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.giving.usf.edu/
What is the mission statement of University Of South Florida Foundation Inc?
The University of South Florida Foundation Inc serves as the official entity for managing and distributing private donations to support the various activities and programs of the University of South Florida. The foundation's primary role is to accept, invest, and distribute these gifts, with a focus on the colleges, camps, health, athletics, and other related units of the university. The Foundation provides funding for endowed chairs, grants, and student scholarships, among other initiatives, ensuring the continuity and growth of the university. By accepting and allocating generous contributions, the University of South Florida Foundation Inc plays a crucial role in advancing the educational and research objectives of the University of South Florida.
Official website here: www.giving.usf.edu/
Who is the CEO of University Of South Florida Foundation Inc?
Unavailable The CEO's salary of University Of South Florida Foundation Inc is $0 and their total compensation is $645,654.
Official website here: www.giving.usf.edu/
What is the revenue of University Of South Florida Foundation Inc?
University Of South Florida Foundation Inc's revenue in 2022 was $141,849,189.
Official website here: www.giving.usf.edu/
Who are the executives of University Of South Florida Foundation Inc and what are their salaries?
There 420 volunteers at University Of South Florida Foundation Inc.
Here are 47 key members and their salaries (University Of South Florida Foundation Inc's CEO's salary is $0 and their total compensation is $645,654):
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- Other: $27,281
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- Other: $20,324
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- Related: $192,573
- Other: $29,619
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- Related: $289,345
- Other: $36,380
Official website here: www.giving.usf.edu/
Where can I find the form 990 for University Of South Florida Foundation Inc?
University Of South Florida Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.giving.usf.edu/
Learn more at the official website: www.giving.usf.edu/
Mission Statement of University Of South Florida Foundation Inc
University of South Florida Foundation Inc serves as the official legal conduit for the acceptance, investment, and distribution of private gifts to support the activities and programs of the University of South Florida. The Foundation plays a crucial role in facilitating philanthropic contributions to various units of the University, including its colleges, camps, health facilities, athletics, and other related entities. By providing funding for endowed chairs, grants, and student scholarships among other initiatives, the University of South Florida Foundation Inc contributes significantly to the academic, research, and community engagement pursuits of the University of South Florida. Through its efforts, the Foundation enables the University to thrive and expand its reach and impact.
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Impact
October, 2024
The University of South Florida Foundation Inc. plays a pivotal role in enhancing the educational landscape and resources at the University of South Florida. By accepting, investing, and distributing private gifts, the Foundation directly supports a wide array of programs and initiatives across various colleges and campuses, as well as health and athletics.
Through its efforts, the Foundation funds endowed chairs, which attract top faculty and contribute to academic excellence. It also provides critical grants that foster innovative research and educational opportunities, while funding student scholarships that make higher education more accessible. This philanthropic support not only advances the university's mission but also enriches the overall student experience, cultivates a thriving educational environment, and enhances the university's impact both regionally and beyond.
By serving as the official conduit for private contributions, the Foundation ensures that resources are effectively allocated to areas of greatest need, helping to sustain and grow the university’s programs and initiatives. The Foundation's commitment to investing in the future of education exemplifies its significant impact on the University of South Florida's mission to provide quality education and community service.
This information is meant to be a general summary of University Of South Florida 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,843,229
- Program Service Revenue: $2,350,380
- Gross Receipts: $367,987,366
Assets and Liabilities:
- Total Assets: $821,074,602
- Total Liabilities: $34,580,831
- Net Assets: $786,493,771
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC BROADCASTING SPONSORSHIPS
Revenue
$1,948,045
RENTAL INCOME -USFSP
Revenue
$402,335
Organization Details
Founding Year
1960
Phone
(813) 974-1801Main Address
4202 EAST FOWLER AVENUE ALC 100, TAMPA, FL, 33620
Website
www.giving.usf.edu/NTEE Category
Code: B43 - Education
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