Overview
What is University Of Colorado Foundation?
The University of Colorado Foundation is a nonprofit organization based in Denver, Colorado, with a mission to manage and invest private gifts for the benefit of the University of Colorado. Their operations include receiving substantial public support, totaling $306 million during the fiscal year ended in 2023. The foundation manages over $2.8 billion in net assets, which they apply and distribute to the university. The distributed funds contribute to various educational initiatives, such as scholarships, fellowships, and faculty positions. Additionally, they support the university's philanthropic endeavors through donor stewardship. With a team of 28 employees, the University of Colorado Foundation plays a vital role in enhancing the educational experience at the University of Colorado.
Official website here: www.giving.cu
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The University of Colorado Foundation has achieved a perfect score of 100% from Charity Navigator, reflecting its strong performance in accountability and finance. This rating indicates that the organization has met high standards in various financial practices, including the absence of material diversion of assets, thorough audit processes, and comprehensive conflict of interest policies.
With a board composed entirely of independent members, the foundation demonstrates a commitment to governance principles, which further enhances its credibility. Financial ratios such as a low liabilities-to-assets ratio and a high program expense ratio indicate that funds are utilized effectively, with a significant portion directed toward program services rather than administrative costs.
While the organization excels in many areas, it is essential for potential donors and stakeholders to consider the consistent maintenance of these high standards. As the foundation continues to uphold its transparent practices and robust financial health, it positions itself as a trustworthy entity for philanthropic contributions.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Colorado Foundation legitimate?
University Of Colorado Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Colorado 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,848,589
Professional Fundraising Fees: $878,437
Other Salaries and Wages: $1,427,319
For more financial information, click here
Official website here: www.giving.cu
What is the mission statement of University Of Colorado Foundation?
The University of Colorado Foundation serves a crucial role in managing and investing private support for the benefit of the University of Colorado. its mission is centered around receiving and managing donations to enhance the university's philanthropic endeavors. In the fiscal year ended June 30, 2023, the foundation received $306 million in direct public support for the university. The foundation's net assets totaled $2.8 billion, which were invested and managed for the university's benefit. A portion of these funds, amounting to $222 million, were directly applied and distributed to the University of Colorado to finance various projects and initiatives. These funds were utilized by the university to provide scholarships, construct facilities, purchase equipment, and fund a multitude of other projects to further its educational objectives.
Official website here: www.giving.cu
Who is the CEO of University Of Colorado Foundation?
Jack Finlaw is the CEO of University Of Colorado Foundation The CEO's salary of University Of Colorado Foundation is $504,807 and their total compensation is $539,904.
Official website here: www.giving.cu
What is the revenue of University Of Colorado Foundation?
University Of Colorado Foundation's revenue in 2024 was $342,190,499.
Official website here: www.giving.cu
Who are the executives of University Of Colorado Foundation and what are their salaries?
The average compensation at University Of Colorado Foundation during 2024 was $112,962. There are 29 employees and 18 volunteers at University Of Colorado Foundation.
Here are 27 key members and their salaries (University Of Colorado Foundation's CEO's salary is $504,807 and their total compensation is $539,904):
- Compensation: $504,807
- Related: $0
- Other: $35,097
- Compensation: $310,105
- Related: $0
- Other: $40,196
- Compensation: $291,465
- Related: $0
- Other: $26,216
- Compensation: $197,461
- Related: $0
- Other: $32,095
- Compensation: $185,404
- Related: $0
- Other: $19,627
- Compensation: $174,183
- Related: $0
- Other: $31,933
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Official website here: www.giving.cu
Where can I find the form 990 for University Of Colorado Foundation?
University Of Colorado Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.giving.cu
Learn more at the official website: www.giving.cu
Mission Statement of University Of Colorado Foundation
University of Colorado Foundation is a charitable organization dedicated to managing and prudently investing private support for the benefit of the University of Colorado. With a mission to receive and manage donations, the foundation received a significant amount of $306,188,355 in direct public support for the university in the fiscal year ending June 30, 2023. The foundation's net assets, totaling $2,816,734,090 as of the same date, were invested, accounted for, and managed for the university's benefit.
The University of Colorado Foundation plays a crucial role in supporting the university's philanthropic endeavors through donor stewardship. It directly applied and distributed monies to the University of Colorado, totaling $222,045,450, which was utilized by the university for various projects and initiatives. These funds helped the university provide education to the general public by financing scholarships, fellowships, lectureships, and professorships. They also funded the construction of facilities, the purchase of equipment, and the provision of loans. Additionally, they were used to purchase educational and research materials and to fund a myriad of other projects and items to assist the university in its educational mission.
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Impact
October, 2024
The University of Colorado Foundation plays a crucial role in bolstering the University of Colorado through its dedicated management and investment of private support. In the fiscal year ending June 30, 2023, the foundation received an impressive $306,188,355 in public support and managed net assets totaling $2,816,734,090.
This substantial financial backing enables the foundation to directly apply and distribute $222,045,450 to the university. These funds are instrumental in providing scholarships, fellowships, and various educational opportunities, along with financing professorships and lectureships. Moreover, they contribute to constructing necessary facilities, purchasing essential equipment, and acquiring educational and research materials, supporting a wide array of projects that enhance the educational experience for students and the community alike.
The foundation's effective stewardship of donor contributions not only fuels the university’s immediate needs but also fosters a sustainable environment for long-term growth and educational excellence. By facilitating philanthropic endeavors, the University of Colorado Foundation significantly impacts the university's mission to provide high-quality education and research while also benefiting the general public.
This information is meant to be a general summary of University Of Colorado 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: $30,087,549
- Program Service Revenue: $6,890,291
- Gross Receipts: $342,190,499
Assets and Liabilities:
- Total Assets: $3,048,394,011
- Total Liabilities: $618,604,126
- Net Assets: $2,429,789,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADV SUPP CUSTODIAL FDS
Revenue
$6,890,291
Organization Details
Founding Year
1967
Principal Officer
Jack Finlaw
Website
www.giving.cuNTEE Category
Code: B110 - Education
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