University of Illinois Foundation
University of Illinois Foundation
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About this organization
Mission
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.
About
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.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “The university of illinois foundation is a nonprofit corporation responsible for encouraging and administering private gifts made to further the university of illinois's mission. although the foundation is a separate entity from the university of illinois ("university"), the foundation's sole reason for existence is to serve the university.”.
When referring to its actions, they were described as: “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.”.
- According to the law, the state of operation reported by the non-profit is IL.
- As per the filing, the address of the non-profit for 2020 is 1305 W Green Street, Urbana, IL, 61801.
- According to their form, the non-profit as of 2020 has a total of 147 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $183,117,368.
- The organization has 23 independent voting members.
- The organization was formed in 1935.
- The organization pays $25,241,472 in salary, compensation, and benefits to its employees.
- The organization pays $19,417,397 in fundraising expenses.