Kansas University Endowment Assoc
- Assets
- $2.8b
- Revenue
- $404.9m
- Investments
- $1.5b
- Employees
- 209
- Location
- Lawrence, KS
- Founding
- 12/1934
- Data as of
- 06/2022
- EIN
- 48-0547734
Organization Overview
Kansas University Endowment Assoc, operating under the name KU Endowment, is located in Lawrence, KS. The organization was established in 1934. 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, KU Endowment employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. KU Endowment 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, KU Endowment generated $404.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $226.0m during the year ending 06/2022. While expenses have increased by 1.0% per year over the past 6 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, KU Endowment has awarded 22 individual grants totaling $1,271,086,522. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY SUPPORT
Describe the Organization's Program Activity:
FACULTY SUPPORT INCLUDES OVER 200 NAMED, ENDOWED POSITIONS, INCLUDING 6 NEW FACULTY SUPPORT FUNDS ENDOWED DURING THIS FISCAL YEAR. PRIVATE FUNDING AUGMENTS SALARIES AND SUPPORTS AWARDS, PROFESSIONAL TRAVEL AND PROFESSIONAL DEVELOPMENT. THIS SUPPORT IS INVALUABLE IN CREATING THE VIBRANT TEACHING AND RESEARCH ENVIRONMENT THAT ONE EXPECTS AT AN INTERNATIONAL RESEARCH UNIVERSITY.
FACILITIES SUPPORT - CONSTRUCTION, FURNISHINGS AND EQUIPMENT FUNDED BY PRIVATE GIVING FLUCTUATES FROM YEAR TO YEAR DEPENDING ON THE TIMELINE OF CONSTRUCTION PROJECTS. MORE THAN TWO-THIRDS OF THE UNIVERSITY OF KANSAS BUILDINGS AND ABOUT 85% OF THE LAND AVAILABLE FOR CAMPUS EXPANSION WERE MADE POSSIBLE BY PRIVATE GIFTS.
PROGRAM AND OTHER EDUCATIONAL SUPPORT FROM PRIVATE DONORS STRENGTHENS ACADEMIC PROGRAMS AND BRINGS TOP-FLIGHT SCHOLARS, THOUGHTFUL LECTURERS AND BREATHTAKING PERFORMANCES TO KU. IT ALSO EXPANDS THE SCOPE OF OUTREACH PROGRAMS THROUGHOUT THE STATE AND SUPPORTS VALUABLE ACQUISITIONS BY KU'S LIBRARIES AND MUSEUMS.
STUDENT SUPPORT - VIRTUALLY ALL PRIVATELY FUNDED SCHOLARSHIPS, AWARDS AND FELLOWSHIPS PROVIDED BY KU COME FROM DONOR CONTRIBUTIONS TO KU ENDOWMENT. THIS YEAR, 89 NEW ENDOWED SCHOLARSHIP AND STUDENT SUPPORT FUNDS WERE CREATED AND ABOUT 8,600 STUDENTS RECEIVED FINANCIAL ASSISTANCE FROM PRIVATELY FUNDED SCHOLARSHIPS AT KU ENDOWMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/evp Development | OfficerTrustee | 40 | $295,423 |
Name Not Listed President | OfficerTrustee | 40 | $526,257 |
Name Not Listed Chair, Executive Committee-Volunteer | OfficerTrustee | 4 | $0 |
Name Not Listed Treasurer/svp Investments | OfficerTrustee | 40 | $341,158 |
Name Not Listed Vice Chair, Executive Committee-Volunteer | OfficerTrustee | 4 | $0 |
Name Not Listed Executive Committee-Volunteer | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc Investment Consulting | 6/29/22 | $2,805,418 |
Ruffalo Noel Levitz Llc Fundraising Services | 6/29/22 | $602,220 |
Lathrop And Gage Llp Legal Services | 6/29/22 | $318,296 |
1607 Capital Partners Llc Investment Management | 6/29/22 | $297,754 |
Lewis Burke Associates Llc Consulting | 6/29/22 | $204,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,779 |
| Related organizations | $62,923 |
| Government grants | $28,370,842 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,439,368 |
| Noncash contributions included in lines 1a–1f | $17,726,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,016,912 |
| Total Program Service Revenue | $1,811,565 |
| Investment income | $85,198,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $787,574 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,313,866 |
| Net Income from Fundraising Events | $203 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,903,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $196,144,271 |
| 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. | $1,751,305 |
| Compensation of current officers, directors, key employees. | $1,091,388 |
| Compensation to disqualified persons | $133,233 |
| Other salaries and wages | $11,259,160 |
| Pension plan accruals and contributions | $1,266,277 |
| Other employee benefits | $1,585,245 |
| Payroll taxes | $927,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,159 |
| Fees for services: Accounting | $118,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $686,043 |
| Fees for services: Investment Management | $7,307,424 |
| Fees for services: Other | $522,159 |
| Advertising and promotion | $396,190 |
| Office expenses | $701,416 |
| Information technology | $723,019 |
| Royalties | $0 |
| Occupancy | $141,600 |
| Travel | $457,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,380,211 |
| Insurance | $213,396 |
| All other expenses | $0 |
| Total functional expenses | $226,039,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,276,202 |
| Savings and temporary cash investments | $133,370,534 |
| Pledges and grants receivable | $145,337,031 |
| Accounts receivable, net | $8,384,987 |
| 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 | $0 |
| Net Land, buildings, and equipment | $51,336,674 |
| Investments—publicly traded securities | $876,394,053 |
| Investments—other securities | $1,465,200,354 |
| Investments—program-related | $21,704,536 |
| Intangible assets | $0 |
| Other assets | $57,265,010 |
| Total assets | $2,766,269,381 |
| Accounts payable and accrued expenses | $41,852,341 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $91,854,877 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $133,707,218 |
| Net assets without donor restrictions | $270,623,170 |
| Net assets with donor restrictions | $2,361,938,993 |
| 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 | $2,766,269,381 |
Grants Awarded
Over the last fiscal year, Kansas University Endowment Assoc has awarded $196,220,621 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF KANSAS PURPOSE: STUDENT SCHOLARSHIPS AND FELLOWSHIPS, STUDENT AND FACULTY AWARDS AND PRIZES, FACULTY AND STAFF SALARY SUPPORT, GENERAL PROGRAM AND EDUCATIONAL SUPPORT, AND FACILITIES SUPPORT FOR THE UNIVERSITY OF KANSAS AND ITS CONTROLLED ORGANIZATIONS. | $139,917,171 |
THE KANSAS UNIVERSITY ALUMNI ASSOCIATION PURPOSE: GENERAL SUPPORT TO FURTHER THE MISSION OF THE ALUMNI ASSOCIATION TO INFORM, ENGAGE, AND MOBILIZE THE KU COMMUNITY. | $12,217,127 |
AD ASTRA EDUCATION FOUNDATION PURPOSE: SCHOLARSHIP SUPPORT FOR STUDENTS AT THE UNIVERSITY OF KANSAS FROM GROUPS WHO HAVE HISTORICALLY BEEN UNDERREPRESENTED. | $76,350 |
THE UNIVERSITY OF KANSAS HOSPITAL AUTHORITY PURPOSE: SALARY AND FACILITY SUPPORT FOR THE UNIVERSITY OF KANSAS HEALTH SYSTEMS. | $44,009,973 |