Overview
What is The University Of Florida Foundation Inc?
The University of Florida Foundation, Inc. is a nonprofit organization based in Gainesville, Florida, specifically at PO Box 14425. Its primary mission is to support and enhance the University of Florida, a comprehensive learning institution built on a land-grant foundation, by securing private funds and managing them according to donor restrictions. The organization solely focuses on this purpose, as determined by the University of Florida Board of Trustees, and aids in accomplishing these objectives through creating awareness, building relationships, recognizing donors, and handling all related business matters. The University of Florida Foundation, Inc. currently employs 323 individuals.
Official website here: www.uff.ufl
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The University of Florida Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a perfect 100% in most of the evaluated criteria, indicating rigorous oversight and transparency in its financial practices. With a majority of its board members being independent, the foundation demonstrates a commitment to governance that prioritizes ethical standards.
One of the foundation’s key strengths is its high program expense ratio of 86.29%, suggesting that a significant portion of its resources is directed towards fulfilling its mission. Additionally, the organization excels in fundraising efficiency, with a low cost of just $0.08 to raise every dollar. This efficiency, along with its solid working capital ratio of 11.70 years, further highlights the foundation's financial health and sustainability.
While the foundation has extensive positive attributes, it is essential for potential donors to consider the overall context of its operations. The lack of material asset diversion and comprehensive policies in place for conflict of interest and whistleblower protections contribute to a robust governance framework. Overall, the University of Florida Foundation Inc stands out as a well-managed nonprofit that effectively allocates resources toward its programs while maintaining high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Florida Foundation Inc legitimate?
The University Of Florida Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of 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: $1,664,301
Professional Fundraising Fees: $913,603
Other Salaries and Wages: $15,494,938
For more financial information, click here
Official website here: www.uff.ufl
What is the mission statement of The University Of Florida Foundation Inc?
The University of Florida Foundation Inc is committed to supporting and enhancing the University of Florida, a comprehensive learning institution renowned for its mission of "excellence in education and research." The Foundation aims to accomplish this by building relationships, securing private funding, recognizing donors, and managing related business affairs. The organization's primary goal is to contribute to the University of Florida's mission of shaping a better future for Florida, the nation, and the world, as determined by the University of Florida Board of Trustees. Its efforts are geared towards creating awareness and fostering growth in various educational and research initiatives.
Official website here: www.uff.ufl
What is the revenue of The University Of Florida Foundation Inc?
The University Of Florida Foundation Inc's revenue in 2024 was $269,131,431.
Official website here: www.uff.ufl
Who are the executives of The University Of Florida Foundation Inc and what are their salaries?
The average compensation at The University Of Florida Foundation Inc during 2024 was $49,308. There are 348 employees and 501 volunteers at The University Of Florida Foundation Inc.
Here are 35 key members and their salaries:
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- Related: $877,907
- Other: $181,084
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- Related: $487,218
- Other: $59,703
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- Related: $239,014
- Other: $20,083
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- Related: $1,166,881
- Other: $136,450
- Compensation: $307,168
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- Other: $52,427
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- Compensation: $281,413
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- Other: $53,268
- Compensation: $398,009
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- Other: $54,614
- Compensation: $218,895
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- Other: $51,816
- Compensation: $211,651
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- Other: $46,753
- Compensation: $89,254
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- Other: $34,981
- Compensation: $813,012
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- Other: $58,581
- Compensation: $360,870
- Related: $0
- Other: $32,097
- Compensation: $242,188
- Related: $0
- Other: $51,642
- Compensation: $223,586
- Related: $0
- Other: $48,621
- Compensation: $215,720
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- Other: $47,432
- Compensation: $370,249
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- Other: $62,032
- Compensation: $205,900
- Related: $0
- Other: $45,732
Official website here: www.uff.ufl
Where can I find the form 990 for The University Of Florida Foundation Inc?
The University Of Florida Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.uff.ufl
Learn more at the official website: www.uff.ufl
Mission Statement of The University Of Florida Foundation Inc
The University of Florida Foundation Inc, a dedicated organization, is committed to exclusively supporting and enhancing the University of Florida, a comprehensive learning institution built on a land-grant foundation. Established to foster "Excellence in Education and Research and Shaping a Better Future for Florida, the Nation, and the World," as determined by the University of Florida Board of Trustees, the Foundation plays a crucial role in creating awareness, building relationships, and securing private support for the university.
By engaging in various initiatives, the Foundation works tirelessly to recognize donors and performs all business-related matters to accomplish these purposes. The organization's mission embodies the spirit of collaboration and innovation, enabling the University of Florida to reach new heights in education, research, and service to its community and beyond. The University of Florida Foundation Inc's unwavering commitment to its mission is essential in helping the University of Florida excel in its primary objectives.
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Impact
October, 2024
The University of Florida Foundation Inc plays a pivotal role in supporting and enhancing the University of Florida’s mission of excellence in education and research. By receiving and managing private contributions, the Foundation ensures that these funds are allocated according to donor preferences, directly benefiting various colleges, units, and programs within the university.
The Foundation's impact is multifaceted. It raises awareness about the University of Florida's goals, fostering relationships with stakeholders and securing essential private support that propels academic and research initiatives. By recognizing the generosity of donors, the Foundation cultivates a culture of philanthropy that encourages ongoing investment in the university’s mission.
Moreover, the Foundation contributes to shaping a better future not only for Florida but also for the nation and beyond. Its efforts help to enhance the educational experience for students and facilitate groundbreaking research that can address critical issues. Ultimately, the University of Florida Foundation Inc stands as a vital catalyst for growth and innovation at one of the nation's leading public universities.
This information is meant to be a general summary of The University Of 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 2024.
- Investment Income: $43,614
- Gross Receipts: $303,185,004
Assets and Liabilities:
- Total Assets: $2,706,541,368
- Total Liabilities: $64,872,908
- Net Assets: $2,641,668,460
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Organization Details
Founding Year
1964
Principal Officer
Susan G Goffman
Website
www.uff.uflNTEE Category
Code: B110 - Education
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