Overview
What is University Of Nevada Reno Foundation?
The University of Nevada Reno Foundation is a nonprofit organization based in Reno, Nevada, specifically at 1664 N Virginia Mail Stop 0162. Its primary mission is to facilitate charitable giving for the University of Nevada, Reno, with a focus on enhancing the quality of education. The Foundation manages donated funds according to their designated purposes and provides programmatic funding for students, faculty, research, and the community. The organization stewards 61 endowed professorships and chairs for 2022. Overall, the University of Nevada Reno Foundation plays a crucial role in supporting and assisting the educational institution by aiding in the disbursement of funds for various designated purposes.
Official website here: www.unr.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 92% (Four-Star out of Four Star rating)
The University of Nevada Reno Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial management. With a score of 92%, the foundation demonstrates a commitment to transparency and effective management practices, particularly in its accountability and finance metrics.
Key strengths include an entirely independent board and robust financial oversight mechanisms, alongside a high program expense ratio of 82.77%. This indicates that the vast majority of its resources are directed toward its mission rather than administrative costs. The foundation also benefits from a low fundraising efficiency ratio, which suggests it incurs minimal costs in raising funds.
While the data highlights significant strengths, it is essential for potential donors to consider the foundation's overall mission and impact in the community. The focus on accountability suggests a well-run organization, but ongoing transparency and effective communication about its programs and outcomes will be vital for maintaining trust and support from its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Nevada Reno Foundation legitimate?
University Of Nevada Reno Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Nevada Reno 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,471,027
For more financial information, click here
Official website here: www.unr.edu
What is the mission statement of University Of Nevada Reno Foundation?
The University of Nevada Reno Foundation plays a crucial role in aiding and supporting the University of Nevada, Reno, with a mission to enhance the quality of education. Through charitable giving, the foundation facilitates the receipt and management of gifts and grants. The funds are allocated according to the designated purpose, providing programmatic support for students, faculty, research, and the broader community. The foundation's efforts have resulted in the establishment of numerous endowed professorships and chairs, totaling 61 for the year 2022. By securing financial resources, the University of Nevada, Reno can continually strive for educational excellence.
Official website here: www.unr.edu
What is the revenue of University Of Nevada Reno Foundation?
University Of Nevada Reno Foundation's revenue in 2024 was $52,499,229.
Official website here: www.unr.edu
Who are the executives of University Of Nevada Reno Foundation and what are their salaries?
There 350 volunteers at University Of Nevada Reno Foundation.
Here are 49 key members and their salaries:
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Official website here: www.unr.edu
Where can I find the form 990 for University Of Nevada Reno Foundation?
University Of Nevada Reno Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.unr.edu
Learn more at the official website: www.unr.edu
Mission Statement of University Of Nevada Reno Foundation
The University of Nevada Reno Foundation is a charitable organization dedicated to aiding, supporting, and assisting the University of Nevada, Reno, in enhancing the quality of education. Through facilitating gifts and grants, the Foundation plays a crucial role in raising funds for the university. These funds are then managed and disbursed according to the designated restricted purpose for which they were donated.
The Foundation's mission in action translates to providing programmatic funding for various university initiatives. This support reaches students, faculty, research, and the community. For instance, the Foundation has established 61 endowed professorships and chairs for the academic year 2022, ensuring a continued investment in the university's educational excellence. By channeling charitable giving to specific causes, the University of Nevada Reno Foundation helps bolster the university's capacity to make a difference.
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Impact
October, 2024
The University of Nevada Reno Foundation significantly enhances the quality of education at the University of Nevada, Reno through effective management and disbursement of funds. By receiving donations and allocating them for designated purposes, the foundation provides essential programmatic funding that supports students, faculty, and research initiatives.
One of the notable impacts of the foundation is its establishment of 61 endowed professorships and chairs in 2022, which attract and retain distinguished faculty members, thereby enriching the academic experience for students. The foundation's commitment to facilitating charitable gifts and grants ensures that resources are directed towards improving educational opportunities and supporting community engagement in the region.
Overall, the University of Nevada Reno Foundation plays a crucial role in fostering a dynamic learning environment that benefits both students and the broader community, ultimately contributing to the advancement of higher education in Nevada.
This information is meant to be a general summary of University Of Nevada Reno 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: $8,409,588
- Program Service Revenue: $662,455
- Gross Receipts: $107,153,182
Assets and Liabilities:
- Total Assets: $387,075,981
- Total Liabilities: $7,422,061
- Net Assets: $379,653,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Educational Support Services
Revenue
$662,455
Organization Details
Founding Year
1981
Phone
(775) 784-1587Principal Officer
Denise Lewis
Main Address
1664 N Virginia Mail Stop 0162, Reno, NV, 895570162
Website
www.unr.eduNTEE Category
Code: B110 - Education
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