University Of Colorado Foundation
- Assets
- $2.8b
- Revenue
- $449.4m
- Investments
- $2.2b
- Employees
- 28
- Location
- Denver, CO
- Founding
- 09/1967
- Data as of
- 06/2022
- EIN
- 84-6049811
Organization Overview
University Of Colorado Foundation is located in Denver, CO. The organization was established in 1967. 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 06/2024, University Of Colorado Foundation employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Colorado 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 Colorado Foundation generated $449.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $291.3m during the year ending 06/2022. While expenses have increased by 9.3% per year over the past 8 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 Colorado Foundation has awarded 40 individual grants totaling $1,412,392,051. 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
THE FOUNDATION RECEIVES, MANAGES & PRUDENTLY INVESTS PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO.
Describe the Organization's Program Activity:
SEE SCHEDULE O.UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS TO BENEFIT THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $306,188,355 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2023. IN ADDITION, AS OF JUNE 30, 2023 THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $2,816,734,090 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO UNIVERSITY OF COLORADO IN THE AMOUNT OF $222,045,450. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Finlaw President & CEO | OfficerTrustee | 40 | $434,880 |
A Keller Young ESQ Svp, General Counsel, Cao | Officer | 40 | $289,801 |
Saskia Sawyer Avp Gift Services | 40 | $170,990 | |
Charlene Laus VP & CFO | Officer | 40 | $155,250 |
Elizabeth Sayer Controller | 40 | $132,818 | |
Patty Leslie VP & CFO - Term Ended 05/22 | 0 | $112,510 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rally Ventures Investment Manager | 6/29/23 | $19,227,355 |
Perella Weinberg Partners Investment Manager | 6/29/23 | $8,946,019 |
Bayou City Energy Investment Manager | 6/29/23 | $7,404,124 |
Vision Ridge Partners Investment Manager | 6/29/23 | $6,363,173 |
Stellex Capital Investment Manager | 6/29/23 | $1,834,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,888,529 |
| Investment income | $62,510,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,787 |
| Net Gain/Loss on Asset Sales | $179,699,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,363,151 |
| Statement of Expenses | |
|---|---|
| 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. | $1,478,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,189,179 |
| Pension plan accruals and contributions | $68,390 |
| Other employee benefits | $101,253 |
| Payroll taxes | $158,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,750 |
| Fees for services: Accounting | $168,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,161,463 |
| Fees for services: Investment Management | $52,280,945 |
| Fees for services: Other | $33,489,040 |
| Advertising and promotion | $0 |
| Office expenses | $380,559 |
| Information technology | $355,569 |
| Royalties | $0 |
| Occupancy | $163,219 |
| Travel | $6,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,044 |
| Insurance | $139,057 |
| All other expenses | $0 |
| Total functional expenses | $291,342,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,616,674 |
| Pledges and grants receivable | $81,094,620 |
| Accounts receivable, net | $22,649 |
| 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 | $348,362 |
| Investments—publicly traded securities | $423,207,176 |
| Investments—other securities | $2,218,828,189 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,323,072 |
| Total assets | $2,823,618,516 |
| Accounts payable and accrued expenses | $7,380,756 |
| Grants payable | $0 |
| Deferred revenue | $261,551 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $575,494,252 |
| 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 | $23,215,391 |
| Total liabilities | $606,351,950 |
| Net assets without donor restrictions | $52,304,822 |
| Net assets with donor restrictions | $2,164,961,744 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,217,266,566 |
Grants Awarded
Over the last fiscal year, University Of Colorado Foundation has awarded $204,473,308 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COLORADO PURPOSE: SEE PART IV | $203,336,191 |
UNIVERSITY OF COLORADO HOSPITAL FOUNDATION PURPOSE: PUBLIC SERVICE, MEDICAL OUTREACH | $1,094,485 |
UNIVERSITY OF NORTHERN COLORADO PURPOSE: SCHOLARHSIPS | $15,000 |
METROPOLITAN STATE UNIVERSITY OF DENVER PURPOSE: SCHOLARSHIPS | $15,000 |
UNIVERSITY OF DENVER PURPOSE: SCHOLARSHIPS | $12,632 |