University of Illinois Foundation

Analysis

University of Illinois Foundation is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in June 1948, 78 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Illinois Foundation reported income of $450.3m and spending of $334.5m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $443.3m to $450.3m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Illinois Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include California Baptist University ($439.7m), Belmont University ($454.0m) and The Corporation of Mercer University ($434.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $6.0m (1.8% of expenses). Other salaries and wages came to $18.9m. It paid $93k in professional fundraising fees. At year end it held assets of $3.33bn against liabilities of $125.8m, net assets of $3.20bn. It reported 197 employees.