Overview
What is University Of California Irvine Foundation?
The University of California Irvine Foundation is a nonprofit organization dedicated to raising and managing private funds in support of UC Irvine's mission to excel in teaching, research, and public service. They advise university leadership on public trust, investments, and philanthropy. The foundation engages with supporters to expand the university's endowment and builds networks around deans, directors, and health leaders to advance its contributions to the region. Additionally, the UC Irvine Foundation facilitates strategic partnerships that enhance the university's capacity to make a positive impact on lives. During the fiscal year ending June 30, 2022, the foundation granted significant funding to various academic units and non-academic areas, totaling $123.9 million, which was allocated to fields such as medicine, engineering, law, and the arts.
Official website here: www.ucifoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%
The University of California Irvine Foundation has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 94%, the foundation demonstrates a high level of transparency and responsible financial management. The foundation's fiscal year 2023 results indicate a commitment to ethical practices, including a fully independent board and comprehensive oversight of financial statements.
Strengths highlighted include a perfect score in various accountability metrics, such as having an independent board and solid financial practices. For instance, the foundation scored full marks in areas like material diversion of assets, which indicates no financial mismanagement has occurred. Furthermore, the foundation maintains a high program expense ratio of 93.22%, suggesting that a significant portion of its funds is directed toward its mission rather than administrative costs.
While the foundation displays impressive financial health, with a liabilities to assets ratio of just 0.46% and substantial working capital, there is a notable area for improvement in fundraising efficiency. The foundation's fundraising costs are relatively high, at $0.002 per dollar raised, which may warrant a review of its fundraising strategies to enhance efficiency. Overall, the University of California Irvine Foundation exhibits strong accountability, yet it may benefit from further optimizing its fundraising efforts.
This AI summary has been generated from information found on Charity Navigator.
Is University Of California Irvine Foundation legitimate?
University Of California Irvine Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of California Irvine 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: $0
For more financial information, click here
Official website here: www.ucifoundation.org
What is the mission statement of University Of California Irvine Foundation?
The University of California Irvine Foundation (UCI Foundation) is dedicated to raising and managing private funds to enhance the University of California, Irvine's (UCI's) mission in teaching, research, and public service. In order to support UCI's broader goals, the UCI Foundation acts as an advisor to university leadership concerning public trust, investments, and philanthropy. The foundation also engages with potential supporters to expand the university's endowment and builds networks of backing around key figures, including deans, directors, and health leaders. Additionally, UCI Foundation facilitates strategic partnerships to expand UCI's capacity to make a difference in people's lives. It collaborates with schools, units, and departments in advisory roles and engages regional and global entities to further UCI's contributions.
Official website here: www.ucifoundation.org
Who is the CEO of University Of California Irvine Foundation?
Brian T Hervey is the President of University Of California Irvine Foundation.
Official website here: www.ucifoundation.org
What is the revenue of University Of California Irvine Foundation?
University Of California Irvine Foundation's revenue in 2022 was $225,130,481.
Official website here: www.ucifoundation.org
Who are the executives of University Of California Irvine Foundation and what are their salaries?
There 63 volunteers at University Of California Irvine Foundation.
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- Other: $49,084
Official website here: www.ucifoundation.org
Where can I find the form 990 for University Of California Irvine Foundation?
University Of California Irvine Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ucifoundation.org
Learn more at the official website: www.ucifoundation.org
Mission Statement of University Of California Irvine Foundation
University of California Irvine Foundation, or UCI Foundation, is a charitable organization dedicated to raising and managing private funds to enhance the University of California, Irvine's (UCI) mission of excellence in teaching, research, and public service. In this role, UCI Foundation acts as an advisor to university leadership regarding public trust, investments, and philanthropy. The foundation's primary goal is to expand the university's endowment by engaging with both existing and potential supporters.
UCI Foundation plays a pivotal role in fostering networks of support around deans, directors, and health leaders at UCI to boost the university's contributions to the community and beyond. In strategic advisory and advocacy capacities, the foundation works closely with schools, units, and departments. UCI Foundation also facilitates regional and global partnerships that help expand UCI's capacity to improve lives.
By supporting UCI's broader mission, UCI Foundation aims to advance the university's strategic plan and strengthen its impact in various areas through philanthropy, public trust, and investments. The organization's efforts are focused on building a robust endowment, engaging stakeholders to expand fundraising initiatives, and facilitating partnerships that benefit UCI's students, faculty, and the broader community.
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Impact
October, 2024
The University of California Irvine Foundation significantly impacts the institution's growth and excellence in teaching, research, and public service. By raising and managing private funds, the foundation enables vital initiatives that enhance UCI's standing as one of the nation's premier research universities.
In the fiscal year ending June 30, 2022, the foundation contributed a remarkable $123.9 million across various university departments. This funding supported critical areas such as the College of Health Sciences, which received nearly $47.3 million, and the Henry Samueli School of Engineering, which was allocated over $26.6 million. Such financial support fosters the recruitment of top faculty, provides scholarships and fellowships for students, and funds new facilities that enrich the educational environment.
Moreover, the foundation’s efforts extend to diverse fields, funding research in medicine, science, humanities, and technology. These investments not only bolster academic programs but also promote groundbreaking advancements that benefit society at large. By cultivating strong networks of support and engaging stakeholders in fundraising efforts aligned with UCI's strategic goals, the foundation plays a crucial role in advancing the university's mission and expanding its capacity to improve lives both locally and globally.
This information is meant to be a general summary of University Of California Irvine 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 2022.
- Investment Income: $61,357,397
- Gross Receipts: $393,647,157
Assets and Liabilities:
- Total Assets: $869,534,776
- Total Liabilities: $3,900,504
- Net Assets: $865,634,272
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Organization Details
Founding Year
1967
Phone
(949) 824-1509Principal Officer
Brian T Hervey
Main Address
100 THEORY 250, IRVINE, CA, 92617
Website
www.ucifoundation.orgNTEE Category
Code: B110 - Education
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