The University Of Rhode Island Foundation & Alumni Engagement

Organization Overview

The University Of Rhode Island Foundation & Alumni Engagement is located in Kingston, RI. The organization was established in 1959. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of Rhode Island Foundation & Alumni Engagement employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Rhode Island Foundation & Alumni Engagement is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, University Of Rhode Island Foundation & Alumni Engagement generated $40.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $36.7m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Of Rhode Island Foundation & Alumni Engagement has awarded 17 individual grants totaling $78,028,803. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE AND STEWARD PHILANTHROPIC SUPPORT BENEFITTING THE UNIVERSITY OF RHODE ISLAND (THE "UNIVERSITY") AND TO INFORM AND ENGAGE ALUMNI AS COMMITTED PARTNERS OF THE UNIVERSITY AND ITS MISSION AND TRADITIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUILDING AND EQUIPMENT, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT BUILDING AND EQUIPMENT INITIATIVES THROUGH THE UNIVERSITY CAMPUS.


PROGRAM SERVICES, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT ACADEMIC PROGRAMS THROUGH THE UNIVERSITY. EXPENDITURES ARE PAID BY THE UNIVERSITY USING FOUNDATION FUNDS. PRIOR TO THE FOUNDATION FUNDING EXPENDITURES, THE UNIVERSITY PROVIDES DOCUMENTATION TO THE FOUNDATION TO ENSURE EXPENDITURES ALIGN WITH DONOR INTENDED PURPOSE. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY.


SCHOLARSHIPS, AWARDS AND FELLOWSHIPS, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO THE SUPPORT OF FINANCIAL AID FOR UNIVERSITY STUDENTS. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY, FEDERAL AND STATE FINANCIAL AID REQUIREMENTS, THE UNIVERSITY SELECTS THE STUDENT RECIPIENT AND MAKES THE AWARDS DIRECTLY TO STUDENTS. THE FOUNDATION PROVIDES FUNDS TO THE UNIVERSITY FOR THE FINANCIAL AID EXPENDITURES.


OTHER PROGRAM SERVICES, THE UNIVERSITY OF RHODE ISLAND FOUNDATION RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT NUMEROUS PROGRAMS SUCH AS OUTREACH PROGRAMS, RESEARCH, ATHLETIC, VISITING LECTURERS, FACULTY CHAIRS, LIBRARY AND ADMINISTRATIVE SUPPORT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge & Associates
Investment Management
$208,419
Indonesia Education Partnership
Business Development
$177,381
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,520
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$23,815,677
Noncash contributions included in lines 1a–1f $7,671,244
Total Revenue from Contributions, Gifts, Grants & Similar$23,818,197
Total Program Service Revenue$6,989,884
Investment income $6,193,407
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,814,116
Net Income from Fundraising Events $33,696
Net Income from Gaming Activities $15,574
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,864,874

Grants Awarded

Over the last fiscal year, The University Of Rhode Island Foundation & Alumni Engagement has awarded $18,883,932 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF RHODE ISLAND

PURPOSE: GENERAL SUPPORT

$15,898,122

UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION

Org PageRecipient Profile

Kingston, RI

PURPOSE: TO SERVE THE ALUMNI OF THE UNIVERSITY OF RHODE ISLAND & PROMOTE THE INTEREST OF THE UNIVERSITY BY PROVIDING OPPORTUNITIES FOR THE PROFESSIONAL, SOCIAL AND INTELLECTUAL GROWTH OF ITS MEMBERS AND STRENGTHENING THEIR ATTACHMENT TO AND FINANCIAL SUPPORT TO THEIR ALMA MATER.

$1,557,125

UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION

Org PageRecipient Profile

Kingston, RI

PURPOSE: TO SUPPORT THE ATHLETIC PROGRAMS AT THE UNIVERSITY OF RHODE ISLAND.

$1,428,685
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 40 grants that The University Of Rhode Island Foundation & Alumni Engagement has recieved totaling $2,576,113.

Awarding OrganizationAmount
The Rhode Island Community Foundation

Providence, RI

PURPOSE: ESL CERTIFICATION; GEORGE & LOIS GRABOYS MINORITY STUDENT ENDOWMENT; MEDICAL RESEARCH; RESPONDING TO THE STATE-WIDE NALOXONE SHORTAGE; ROUTHIER CHAIR OF PRACTICE/PROFESSOR OF NURSING; UNIVERSITY'S DISCRETION; URI GOLF TEAM SUPPORT; URI HILLEL PROGRAMS; WEYKER THANATOLOGICAL PROGRAM; GENERAL SUPPORT; GENERAL OPERATING

$745,413
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: EDUCATION

$722,500
The Champlin Foundation

Pittsburgh, PA

PURPOSE: LASER DOPPLER VELOCIMETRY; LASER CAPTURE MICRODISSECTION; AND LED ELLIPSOIDALS AND MOVING LIGHTS

$563,706
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$68,580
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$64,603
Tufts Health Plan Foundation Inc

Canton, MA

PURPOSE: Increasing food security in RI

$60,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$239,252,821
Earnings-$25,006,890
Net Contributions$11,447,123
Other Expense$7,347,829
Ending Balance$218,345,225

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