University Of Illinois Foundation
- Assets
- $3.0b
- Revenue
- $360.6m
- Investments
- $2.1b
- Employees
- 175
- Location
- Urbana, IL
- Founding
- 06/1948
- Data as of
- 06/2022
- EIN
- 37-6006007
Organization Overview
University Of Illinois Foundation is located in Urbana, IL. The organization was established in 1948. 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 Illinois Foundation employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Illinois Foundation 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 Illinois Foundation generated $360.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $297.7m during the year ending 06/2022. While expenses have increased by 6.0% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF ILLINOIS FOUNDATION'S CORPORATE MISSION IS TO ADVANCE THE INTERESTS AND WELFARE OF THE UNIVERSITY OF ILLINOIS. AS STATED IN ITS ARTICLES OF INCORPORATION, THE ROLE OF THE FOUNDATION IS PROCURING PRIVATE SUPPORT ON BEHALF OF THE UNIVERSITY. THE FOUNDATION FUNCTIONS AS THE INDEPENDENT OFFICIAL FUNDRAISING AND PRIVATE GIFT-RECEIVING ORGANIZATION FOR THE UNIVERSITY OF ILLINOIS. THE FOUNDATION WORKS HAND-IN-HAND WITH THE PRESIDENT OF THE UNIVERSITY OF ILLINOIS SYSTEM AND THE CHANCELLOR FOR EACH UNIVERSITY TO IDENTIFY STRATEGIC PRIVATE SUPPORT PRIORITIES, CREATE SUITABLE FUNDRAISING STRATEGIES AND TACTICS, AND IMPLEMENT AND EVALUATE APPROPRIATE DEVELOPMENT PROGRAMS. IN ITS ROLE OF DEVELOPING PRIVATE GIFTS, THE FOUNDATION LEADS THE EFFORT TO PLAN AND MOUNT SPECIAL FUNDRAISING INITIATIVES, AS WELL AS ANNUAL GIVING PROGRAMS AND MAJOR CAPITAL CAMPAIGNS, WORKING IN COLLABORATION WITH A NETWORK OF UNIVERSITY DEVELOPMENT PROFESSIONALS.
Describe the Organization's Program Activity:
THE UNIVERSITY OF ILLINOIS FOUNDATION MAKES DISTRIBUTIONS TO THE UNIVERSITY OF ILLINOIS WHICH USES THESE DISTRIBUTIONS IN ACCORDANCE WITH DONOR INTENT FOR MANY PURPOSES, INCLUDING STUDENT SUPPORT, FACULTY SUPPORT, AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony G Ditommaso Chair Of The Board | OfficerTrustee | 2 | $0 |
Richard C Osborne Chair Elect | OfficerTrustee | 2 | $0 |
Kay M Schwichtenberg Immediate Past Chair Of The Board | OfficerTrustee | 2 | $0 |
Shakeeb A Alam Director | Trustee | 2 | $0 |
Donald E Bielinski Director | Trustee | 2 | $0 |
Mark D Coe Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunriver Management Llc Investment Management | 6/29/22 | $1,488,992 |
Council Capital Funds Management Llc Investment Management | 6/29/22 | $1,113,213 |
Permian Investment Partners Investment Management | 6/29/22 | $1,084,031 |
Eqcef Ii Llc Investment Management | 6/29/22 | $960,282 |
One Fin Capital Management Investment Management | 6/29/22 | $902,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,993 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,130,782 |
| Noncash contributions included in lines 1a–1f | $64,574,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,134,775 |
| Total Program Service Revenue | $9,664,172 |
| Investment income | $20,387,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,092,408 |
| Net Gain/Loss on Asset Sales | $53,518,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,635,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,520,075 |
| Grants and other assistance to domestic individuals. | $22,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,202,192 |
| Compensation of current officers, directors, key employees. | $3,238,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,172,971 |
| Pension plan accruals and contributions | $1,188,109 |
| Other employee benefits | $3,883,336 |
| Payroll taxes | $964,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,034 |
| Fees for services: Accounting | $430,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $146,862 |
| Fees for services: Investment Management | $19,513,129 |
| Fees for services: Other | $3,661,283 |
| Advertising and promotion | $130,373 |
| Office expenses | $1,293,601 |
| Information technology | $1,888,998 |
| Royalties | $0 |
| Occupancy | $931,141 |
| Travel | $505,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $855,634 |
| Interest | $96,859 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,298,660 |
| Insurance | $38,304 |
| All other expenses | $107,117 |
| Total functional expenses | $297,745,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,005,932 |
| Pledges and grants receivable | $233,000,000 |
| Accounts receivable, net | $4,288,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $59,365 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,659,801 |
| Net Land, buildings, and equipment | $151,566,489 |
| Investments—publicly traded securities | $463,856,693 |
| Investments—other securities | $2,112,106,329 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,735,491 |
| Total assets | $3,049,278,109 |
| Accounts payable and accrued expenses | $15,992,976 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $9,812,805 |
| Other liabilities | $49,633,586 |
| Total liabilities | $75,439,367 |
| Net assets without donor restrictions | $75,389,600 |
| Net assets with donor restrictions | $2,898,449,142 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,049,278,109 |
Grants Awarded
Over the last fiscal year, University Of Illinois Foundation has awarded $238,483,725 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: Support for the University of Illinois | $236,461,793 |
UNIVERSITY OF ILLINOIS ALUMNI ASSOCIATION PURPOSE: Support on behalf of the University of Illinois | $1,804,712 |
ORTHOPTERISTS SOCIETY PURPOSE: Support on behalf of the University of Illinois | $182,000 |
CUNNINGHAM CHILDREN'S HOME PURPOSE: Support on behalf of the University of Illinois | $5,220 |
CARLE DEVELOPMENT FOUNDATION PURPOSE: Support on behalf of the University of Illinois | $30,000 |