Overview
What is Univ Of Louisiana At Lafayette Foundation Inc?
Univ Of Louisiana At Lafayette Foundation Inc is a nonprofit organization dedicated to supporting the academic programs of the University of Louisiana at Lafayette. Based in Lafayette, Louisiana, the organization collects private donations, invests, and distributes funds for scholarships, chairs, professorships, honorariums, faculty development, capital projects, and research subsidies. These distributions include Louisiana Board of Regents Support Fund (BORSF) matching gift funds. During the year, the Foundation provided scholarship funds for over 1,143 students and awarded 291 Eminent Scholar/Distinguished Professor titles and research fellowships. The Foundation also funded salary subsidies, educational travel, and professional enrichment opportunities. It provides philanthropic support services to enhance the university's fundraising, asset management, and stewardship functions, contributing to the University of Louisiana at Lafayette's mission of providing exceptional undergraduate and graduate education, research, and public service. The Foundation employs a team of 43 individuals.
Official website here: www.give.louisiana.edu/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The University of Louisiana at Lafayette Foundation Inc has achieved a perfect score of 100%, which reflects its strong performance in Accountability & Finance—a key indicator of transparency and responsible management. The organization boasts a fully independent board, with all 28 members being independent, and has implemented various policies that promote ethical governance, such as conflict of interest and whistleblower policies.
Financially, the foundation demonstrates robust health with a low liabilities-to-assets ratio of 19.12%, allowing for a solid cushion against financial obligations. The high program expense ratio of 77.34% indicates that a significant portion of funds is directed toward mission-related activities rather than administrative costs. Additionally, the foundation's fundraising efficiency of $0.03 shows that it is able to raise funds effectively, making it a financially sound organization.
There are no noted limitations or concerns regarding the foundation's operations or financial management. Overall, the University of Louisiana at Lafayette Foundation Inc sets a high standard for accountability and financial responsibility, making it a trustworthy option for donors looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Univ Of Louisiana At Lafayette Foundation Inc legitimate?
Univ Of Louisiana At Lafayette Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Univ Of Louisiana At Lafayette 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,111,851
For more financial information, click here
Official website here: www.give.louisiana.edu/
What is the mission statement of Univ Of Louisiana At Lafayette Foundation Inc?
The Univ of Louisiana at Lafayette Foundation Inc supports the University of Louisiana at Lafayette by providing philanthropic services that enhance fundraising, asset management, and stewardship functions. This assistance enables the university to excel in undergraduate and graduate education, research, and public service.
The foundation solicits private donations, invests funds, and distributes expendable resources to various academic programs. Distributions come in the form of scholarships, chairs, professorships, honorariums, faculty development, capital projects, and research subsidies. These funds contribute significantly to the university, with over 1,143 students receiving scholarship funds and 291 Eminent Scholar/Distinguished Professor awards and research fellowships granted. The foundation also provides financial support for faculty development and classroom resources.
Official website here: www.give.louisiana.edu/
Who is the CEO of Univ Of Louisiana At Lafayette Foundation Inc?
Tommy Kreamer is the Principal Officer of Univ Of Louisiana At Lafayette Foundation Inc. The CEO's salary of Univ Of Louisiana At Lafayette Foundation Inc is $4,363 and their total compensation is $4,363.
Official website here: www.give.louisiana.edu/
What is the revenue of Univ Of Louisiana At Lafayette Foundation Inc?
Univ Of Louisiana At Lafayette Foundation Inc's revenue in 2022 was $35,886,921.
Official website here: www.give.louisiana.edu/
Who are the executives of Univ Of Louisiana At Lafayette Foundation Inc and what are their salaries?
The average compensation at Univ Of Louisiana At Lafayette Foundation Inc during 2022 was $49,113. There are 43 employees at Univ Of Louisiana At Lafayette Foundation Inc.
Here are 31 key members and their salaries (Univ Of Louisiana At Lafayette Foundation Inc's CEO's salary is $4,363 and their total compensation is $4,363):
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Official website here: www.give.louisiana.edu/
Where can I find the form 990 for Univ Of Louisiana At Lafayette Foundation Inc?
Univ Of Louisiana At Lafayette Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.give.louisiana.edu/
Learn more at the official website: www.give.louisiana.edu/
Mission Statement of Univ Of Louisiana At Lafayette Foundation Inc
Univ of Louisiana at Lafayette Foundation Inc plays a vital role in enhancing the philanthropic support services of the University of Louisiana at Lafayette. By providing fundraising, asset management, and stewardship functions, the Foundation contributes to the university's mission of achieving excellence in undergraduate and graduate education, research, and public service.
The Foundation's primary focus is on academic support. It raises funds through private donations, invests these resources, and distributes expendable funds in various forms, including scholarships, chairs, professorships, honorariums, and research subsidies. These distributions help students and faculty alike, with over 1,143 students receiving scholarship funds during the year. Faculty members benefit from salary subsidies, educational travel, and professional enrichment opportunities, while research projects receive much-needed funding. Additionally, the Foundation provides financial support for faculty development and classroom resources.
Univ of Louisiana at Lafayette Foundation Inc's commitment to academic excellence is further demonstrated through Louisiana Board of Regents Support Fund (BORSF) matching gift funds. By matching donations, the Foundation magnifies the impact of private contributions and bolsters the university's resources. In summary, Univ of Louisiana at Lafayette Foundation Inc is an integral partner in the success of the University of Louisiana at Lafayette, providing essential philanthropic support to further the institution's mission and enhance the educational experiences of its students and faculty.
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Impact
October, 2024
The University of Louisiana at Lafayette Foundation Inc. significantly enhances educational opportunities and academic excellence at the University of Louisiana at Lafayette. It plays a critical role in fundraising, asset management, and the stewardship of resources that directly support the university’s mission.
By soliciting private donations and investing those funds, the Foundation provides essential financial assistance such as scholarships, research grants, and faculty development programs. Over the past year, it has enabled more than 1,143 students to pursue their academic goals through scholarship funding, while also awarding 291 eminent scholar and distinguished professor awards that help attract and retain top-tier faculty.
In addition to academic support, the Foundation invests in capital projects and research subsidies, fostering a conducive environment for innovative academic exploration and professional enrichment. Through its efforts, it not only enriches the educational landscape but also contributes to the broader community by nurturing skilled graduates poised to excel in their fields and serve society. The Foundation’s commitment to enhancing the quality of education is evident in its contributions to classroom resources and faculty development, ultimately driving the university towards excellence in education, research, and public service.
This information is meant to be a general summary of Univ Of Louisiana At Lafayette 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: $8,978,394
- Program Service Revenue: $993,193
- Gross Receipts: $72,865,749
Assets and Liabilities:
- Total Assets: $265,058,467
- Total Liabilities: $52,561,071
- Net Assets: $212,497,396
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN AND INVESTMENT MGMT
Revenue
$993,193
Organization Details
Founding Year
1957
Phone
(337) 482-0700Principal Officer
Tommy Kreamer
Main Address
PO BOX 44290, LAFAYETTE, LA, 70504
Website
www.give.louisiana.edu/NTEE Category
Code: B110 - Education
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