University Of Vermont And State Agricultural College Foundation
- Assets
- $307.9m
- Revenue
- $103.0m
- Investments
- $150.0m
- Employees
- 120
- Location
- Burlington, VT
- Founding
- 09/2011
- Data as of
- 06/2021
- EIN
- 45-1556038
Organization Overview
University Of Vermont And State Agricultural College Foundation is located in Burlington, VT. The organization was established in 2011. 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 06/2021, University Of Vermont And State Agricultural College Foundation employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Vermont And State Agricultural College 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 06/2021, University Of Vermont And State Agricultural College Foundation generated $103.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $27.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, University Of Vermont And State Agricultural College Foundation has awarded 21 individual grants totaling $153,602,429. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UVM FOUNDATION IS TO SECURE AND MANAGE PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF VERMONT.
Describe the Organization's Program Activity:
THE FOUNDATION'S PRIMARY FUNCTION IS TO RAISE, RECEIVE, AND MANAGE FUNDS FOR SCHOLARSHIPS, PROFESSORSHIPS, AND FACILITIES AND OTHER SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE AND BY OTHERWISE PERFORMING SUPPORT FUNCTIONS THAT CARRY OUT ITS CHARITABLE, SCIENTIFIC, EDUCATIONAL, OR OTHER EXEMPT PURPOSES.
ALUMNI ARE OFFERED OPPORTUNITIES TO ATTEND SOCIAL AND EDUCATIONAL EVENTS FOR AN ADMISSION FEE THAT COVERS, AT THE MOST, DIRECT EXPENSES, BUT NEVER COVERS ALL EXPENSES. EVENTS INCLUDE ALUMNI REUNIONS, HOMECOMINGS, BASEBALL GAMES, TENNIS MATCHES, DANCES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Jacobson End 11821 Director/ex Officio/fndn Pres | OfficerTrustee | 43 | $365,947 |
Charles Feeney VP & CFO | Officer | 40 | $228,529 |
Kathleen Kelleher VP For Principal Gifts | Officer | 40 | $225,804 |
Manon O'connor Associate Vp, Major Gifts, Ahs | Officer | 40 | $174,609 |
Clarence Davis End 31921 VP For Development | Officer | 40 | $171,638 |
Kathleen Desjardins VP & Chief Information Officer | Officer | 40 | $165,246 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The University Of Vermont Medical Center Leased Employees | 6/29/21 | $201,244 |
University Of Vermont And State Agricult Print,tuition,repair | 6/29/21 | $432,162 |
Marketing Communication Resource Print & Mail Service | 6/29/21 | $109,387 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,261,518 |
| Noncash contributions included in lines 1a–1f | $6,367,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,261,518 |
| Total Program Service Revenue | $8,890,645 |
| Investment income | $1,743,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $67,401 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,950,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,903,604 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,161,206 |
| Compensation of current officers, directors, key employees. | $844,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,353,714 |
| Pension plan accruals and contributions | $417,910 |
| Other employee benefits | $1,117,155 |
| Payroll taxes | $448,151 |
| Fees for services: Management | $114,811 |
| Fees for services: Legal | $50,531 |
| Fees for services: Accounting | $70,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $10,020 |
| Fees for services: Other | $0 |
| Advertising and promotion | $98,764 |
| Office expenses | $669,652 |
| Information technology | $300,179 |
| Royalties | $0 |
| Occupancy | $53,308 |
| Travel | $2,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,938 |
| Insurance | $221,067 |
| All other expenses | $10,300 |
| Total functional expenses | $27,399,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,105,876 |
| Savings and temporary cash investments | $51,870,904 |
| Pledges and grants receivable | $67,461,957 |
| Accounts receivable, net | $189,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $276,069 |
| Net Land, buildings, and equipment | $30,572,778 |
| Investments—publicly traded securities | $3,371,180 |
| Investments—other securities | $150,041,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,053 |
| Total assets | $307,895,720 |
| Accounts payable and accrued expenses | $6,630,853 |
| Grants payable | $0 |
| Deferred revenue | $20,400 |
| 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 | $1,965,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,720,982 |
| Total liabilities | $11,337,302 |
| Net assets without donor restrictions | $16,881,189 |
| Net assets with donor restrictions | $279,677,229 |
| 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 | $307,895,720 |
Grants Awarded
Over the last fiscal year, University Of Vermont And State Agricultural College Foundation has awarded $16,903,604 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: SEE PARTIV | $16,598,004 |
Burlington, VT PURPOSE: SEE PARTIV | $305,600 |
Grants Recieved
Over the last fiscal year, we have identified 51 grants that University Of Vermont And State Agricultural College Foundation has recieved totaling $4,625,335.
| Awarding Organization | Amount |
|---|---|
Robert Larner Irrv Charitable Tr Dtd 3-2-2017 Troy, MI PURPOSE: RECEIPT OF A FULL AND COMPLETE ACCOUNTING OF CHARITABLE TRUST ASSETS PER AGREEMENT | $1,872,949 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $1,273,117 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $313,100 |
Mcknight Foundation Minneapolis, MN PURPOSE: AGROECOLOGY SUPPORT FOR CCRP | $210,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: AGROECOLOGY SUPPORT FOR CCRP | $210,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $96,250 |
Endowment Analysis
| Beg. Balance | $122,990,847 |
| Earnings | $33,278,313 |
| Admin Expense | $248,246 |
| Net Contributions | $18,999,923 |
| Other Expense | $4,299,320 |
| Grants | $1,365,994 |
| Ending Balance | $169,355,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U B Foundation Activities Inc Buffalo, NY | $144,841,745 | $102,321,519 |
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
University Of New Hampshire Foundation Incorporated Durham, NH | $251,217,834 | $34,299,189 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
University Of Vermont And State Agricultural College Foundation Burlington, VT | $307,895,720 | $102,950,116 |