University Of Central Florida Foundation Inc

Organization Overview

University Of Central Florida Foundation Inc is located in Orlando, FL. The organization was established in 1968. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Central Florida Foundation Inc 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 Central Florida Foundation Inc generated $95.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $43.1m during the year ending 06/2021. While expenses have increased by 2.4% 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 Central Florida Foundation Inc has awarded 48 individual grants totaling $187,584,147. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE, STEWARD & CELEBRATE CONTRIBUTIONS FROM ALUMNI & FRIENDS TO SUPPORT UCF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ATHLETICS EXPENSES PAID IN SUPPORT OF THE UCF ATHLETICS PROGRAM PROVIDE STUDENT-ATHLETES WITH A CHAMPIONSHIP-LEVEL EXPERIENCE. THE CHARGEON FUND RAISES FUNDS TO ENSURE UCF'S STUDENT-ATHLETES CONTINUE TO EXCEL IN COMPETITION, IN THE CLASSROOM, AND IN THE COMMUNITY. IN THE CLASSROOM, THE AVERAGE GPA FOR STUDENT-ATHLETES HAS EXCEEDED A 3.0 BENCHMARK DURING EACH TERM FOR THE 30 CONSECUTIVE SEMESTERS, WHICH IS THE LONGEST STREAK IN SCHOOL HISTORY. IN ADDITION, 48 STUDENT-ATHLETES EARNED A 4.0 GPA IN THE FALL 2022 SEMESTER. UCF IS AMONG FOUR SCHOOLS TO JOIN THE BIG 12 CONFERENCE IN 2023; AS SUCH UCF ATHLETICS SEEKS TO INCREASE ITS DONOR BASE THROUGH ITS MISSION XII INITIATIVE. LAST FISCAL YEAR, MORE THAN 10,000 UCF ATHLETICS DONORS SUPPORTED STUDENT-ATHLETES; THAT NUMBER IS ANTICIPATED TO GROW AS UCF JOINS THE BIG 12.


OTHER PROGRAM SERVICES DIRECTLY RELATED TO THE FOUNDATION'S MISSION.


ACADEMIC EXPENSES PAID IN SUPPORT OF THE UCF PROGRAMS INCLUDE FUNDING FOR ACADEMIC PROGRAMS, SALARIES FOR UNIVERSITY EMPLOYEES AND FELLOWSHIPS TO REWARD SOME OF UCF'S MOST ACCOMPLISHED AND PROMISING STUDENTS. OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL EXCELLENCE. ENDOWED CHAIRS, EMINENT SCHOLAR POSITIONS AND DISTINGUISHED PROFESSORSHIPS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ESTEEMED FACULTY AND SPENDING TO SUPPORT THESE POSITIONS HELPS THE UNIVERSITY MAINTAIN A HIGH ACADEMIC STANDARD. SPENDING TO SUPPORT RESEARCH PROJECTS AND INNOVATIVE PROGRAMS FURTHER ENRICHES THE UCF LEARNING EXPERIENCE. THE UCF FOUNDATION, INC. CLOSED ITS BOOKS AT THE END OF JUNE 2022 WITH $76 MILLION IN GIFTS AND COMMITMENTS EXCEEDING THE GOAL SET BY UNIVERSITY LEADERS. THIS REPRESENTED THE SUPPORT OF MORE THAN 46,000 DONORS WHO GAVE 202,846 GIFTS. THE UCF CHALLENGE, THE UNIVERSITY'S CO-INVESTMENT PROGRAM CREATED TO LEVERAGE THE 2021 $40 MILLION TRANSFORMATIONAL GIFT FROM PHILANTHROPIST MACKENZIE SCOTT, RAISED $10.4 MILLION FOR STUDENT SUCCESS, SCHOLARS' PROGRAMS AND FACULTY EXCELLENCE.


UCFF IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS AND SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT THEM. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING AND ARE DESIGNED TO REWARD, INSPIRE, AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE AND HELP ATTRACT A DIVERSE STUDENT BODY UCF SET RECORDS FOR DIVERSITY IN FALL 2022 WITH 49.7% OF MINORITY STUDENTS, AND 28.2% HISPANIC/LATINX. THE FALL 2022 FRESHMAN CLASS SET A NEW BAR FOR ACADEMIC EXCELLENCE WITH AN AVERAGE GPA OF 4.23 AND AVERAGE SAT SCORES OF 1334. UCF RANKS SECOND AMONG FLORIDA'S STATE UNIVERSITIES WITH 367 NATIONAL MERIT SCHOLARS ENROLLED. $108.2 MILLION WAS AWARDED TO BRIGHT FUTURES STUDENTS, THE SECOND-LARGEST AMOUNT IN FLORIDA. SEVENTY-TWO PERCENT OF UNDERGRADUATES RECEIVED FINANCIAL AID, WITH A TOTAL OF $615.7 MILLION AWARDED. SIXTY-TWO PERCENT OF FTIC (FIRST TIME IN COLLEGE) STUDENTS AT UCF GRADUATE WITHOUT ANY EDUCATIONAL DEBT; KIPLINGER AND FORBES RANK UCF AMONG THE NATION'S BEST EDUCATION VALUES.


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Board, Officers & Key Employees

Name (title)Compensation
Sara Bernard
Director
$0
Clint Bullock
Director
$0
Brian Butler
Co-Vice Chair
$0
Loretta Corey
Director
$0
Diane Mahony
Director
$0
Catherine Mccaw-Engelman
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Encore Maintenance Services Inc
Maintenance
$508,535
Contributor Development Partnership Pbc
Wucf-television/ Radio Expenses
$504,588
Shaffer Air Inc
Bldg Srvcs - A/c Repair And Replacement
$410,208
Grenzebach Glier And Associates Inc
Consulting Services
$402,760
Digital Convergence Alliance Inc
Master Control Services For Wucf Tv
$371,445
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$74,281,753
Investment income $1,919,495
Tax Exempt Bond Proceeds $0
Royalties $192,848
Net Rental Income $4,142,125
Net Gain/Loss on Asset Sales $14,030,167
Net Income from Fundraising Events -$23,257
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $16,479
Miscellaneous Revenue$0
Total Revenue $95,495,619

Grants Awarded

Over the last fiscal year, University Of Central Florida Foundation Inc has awarded $21,948,080 in support to 6 organizations.

Grant RecipientAmount

UCF GOLDEN KNIGHTS CORPORATION INC

PURPOSE: ATHLETICS STADIUM SUPPORT

$255,080

UNIVERSITY OF CENTRAL FLORIDA

PURPOSE: FUNDING FOR PROGRAMS AND SCHOLARSHIPS

$14,118,452

UCF CONVOCATION CORPORATION INC

PURPOSE: CONVOCATION CENTER SUPPORT

$696,636

UNIVERSITY OF CENTRAL FLORIDA RESEARCH FOUNDATION

PURPOSE: RESEARCH ACTIVITY

$1,292,669

UCF ATHLETICS ASSOCIATION INC

PURPOSE: ATHLETIC SCHOLARSHIP AND PROGRAM SUPPORT

$5,425,533

UCF LIMBITLESS SOLUTIONS

PURPOSE: RESEARCH & DEVELOPMENT

$159,710
View Grant Profile

Peer Organizations

Organization NameAssets
Georgia Tech Foundation Inc
Atlanta, GA
$283,884,508
University Of South Florida Foundation Inc
Tampa, FL
$141,849,189
Florida State University Foundation Inc
Tallahassee, FL
$96,038,685
Florida International University Foundation Inc
Miami, FL
$69,597,402
Spelman College Special Ventures Fund Inc
Atlanta, GA
$24,739,812
Seminole County Coalition For School Readiness Inc
Longwood, FL
$64,429,983
Gator Boosters Inc
Gainesville, FL
$63,786,979
Auburn University Foundation
Auburn, AL
$105,901,553
Seminole Boosters Inc
Tallahassee, FL
$48,392,781
Robert W Woodruff Health Sciences Center Fund Inc
Atlanta, GA
$94,265,802
University Of Florida Research Foundation Inc
Gainesville, FL
$46,757,527
Kennesaw State University Foundation Inc
Kennesaw, GA
$60,637,080
University Of Central Florida Foundation Inc
Orlando, FL
$95,495,619
Georgia State University Foundation Inc
Atlanta, GA
$75,121,053
Miami Dade College Foundation Inc
Miami, FL
$53,791,154
Shorter University Inc
Rome, GA
$39,445,998
Jessie Ball Dupont Religious Charitable & Educational Fund
Jacksonville, FL
$21,415,423
Florida Agricultural & Mechanical Univ Foundation Inc
Tallahassee, FL
$36,839,426
Florida Atlantic University Foundation Inc
Boca Raton, FL
$44,215,838
Florida Gulf Coast University Foundation Inc
Fort Myers, FL
$25,895,312
Oxbridge Academy Foundation Inc
West Palm Beach, FL
$20,467,557
Avant Garde Academy Foundation Inc
Hollywood, FL
$19,053,366
University Of West Florida Foundation Inc
Pensacola, FL
$25,076,558
The University Of North Florida Foundation Inc
Jacksonville, FL
$17,199,983
Mater Academy Foundation Inc
Miami, FL
$19,374,880

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