University of Illinois Foundation
78% goes to programs $7 to raise $100 Strong reserves Growing revenue
University of Illinois Foundation is a 501(c)(3) organization based in Champaign, Illinois, registered in 1948, with $671,293,663 in FY2023 revenue. CharityIndex grades it B+, and it directs about 78% of spending to programs.
303 Saint Marys Rd, Champaign, IL, 61820 EIN 37-6006007 Since 1948
Revenue (FY2023)
$671.3M
▲ 49.1% vs prior year
Education median: $200K
Expenses (FY2023)
$347.8M
Net assets
$3.5B
Employees
195
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating78% to programs · $7 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For University of Illinois Foundation: 78% to programs · $7 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating120 mo reserves · +48% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University of Illinois Foundation: 120 mo reserves · +48% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For University of Illinois Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University of Illinois Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 303 Saint Marys Rd, Champaign, IL, 61820
- City
- Champaign
- State
- Illinois
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $278.0M (FY2013) to $671.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $103.8MNet assets $3.5B
Operating margin
48.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.6B
Total liabilities
$103.8M
Net assets
$3.5B
Salaries & benefits
$35.5M
10% of expenses
Board members
22
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $671,293,663▲49.1% | $347,825,062▲4.0% | $3,489,610,828▲9.0% | $3,593,401,616▲8.0% | 990 |
| 2022 | $450,262,389▲24.9% | $334,547,134▲12.4% | $3,202,428,887▲7.7% | $3,328,275,874▲9.1% | 990 |
| 2021 | $360,635,048▼7.9% | $297,745,609▼9.6% | $2,973,838,742▼5.8% | $3,049,278,109▼5.5% | 990 |
| 2020 | $391,520,907▲11.0% | $329,216,783▲20.8% | $3,156,776,412▲26.1% | $3,228,186,729▲25.7% | 990 |
| 2019 | $352,648,216▼20.4% | $272,525,171▲4.8% | $2,503,588,008▲1.0% | $2,568,738,108▲1.2% | 990 |
| 2018 | $443,266,687▲7.2% | $260,149,319▲1.6% | $2,478,723,818▲7.4% | $2,539,518,233▲7.2% | 990 |
| 2017 | $413,571,912▲53.0% | $255,958,552▲8.1% | $2,307,759,042▲11.5% | $2,369,656,361▲11.5% | 990 |
| 2016 | $270,225,817▲0.7% | $236,779,338▲19.4% | $2,069,214,548▲12.4% | $2,125,767,493▲10.9% | 990 |
| 2015 | $268,408,307▼16.7% | $198,378,767▼13.7% | $1,840,154,007▼4.7% | $1,916,738,499▼4.0% | 990 |
| 2014 | $322,034,903▲15.8% | $229,891,970▲5.4% | $1,931,669,219▲2.3% | $1,997,071,323▲1.9% | 990 |
| 2013 | $278,005,519 | $218,045,535▲27.9% | $1,888,060,448▲9.5% | $1,960,546,844▲9.2% | 990 |
| 2012 | — | $170,470,291▼0.3% | $1,724,008,709▲22.0% | $1,795,901,653▲21.1% | 990 |
| 2011 | — | $171,055,234▲1.5% | $1,412,632,969▲2.9% | $1,482,828,126▲1.4% | 990 |
| 2010 | — | $168,488,577 | $1,372,579,892 | $1,462,120,734 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Travis W Shore — $1,093,184 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Travis W Shore | Chief Investment Officer | 40 | $1,093,184 |
| Matthew Mcganity | Managing Director | 40 | $746,871 |
| James H Moore Jr | President & Ceo | 40 | $746,211 |
| Frank Robinson | Managing Director | 40 | $744,000 |
| Jeremy Heer | Managing Director - Begin Feb '23 | 40 | $554,266 |
| Christine C Devocelle | Treasurer & Coo | 40 | $400,139 |
| Kristie Dekoker | Vc Health Affairs | 40 | $352,470 |
| Jaime N Davis | Senior Director | 40 | $255,973 |
| Jennifer F Cerasa | Secretary & General Counsel | 40 | $245,398 |
| Jacquline N Schweighart | Assistant Secretary | 40 | $237,379 |
| Brooke Weisenbeck | Sr. Vice President | 40 | $218,965 |
| Edward F Ewald | Executive Advisor | 20 | $216,829 |
| Margaret A Cline | Vice President | 40 | $209,768 |
| Richard H Darnell Jr | Senior Vice President | 40 | $206,417 |
| Michael A Davis | Chief Technology Officer | 40 | $202,284 |
| Michelle S Bolger | Assistant Treasurer | 40 | $196,424 |
| Kelly L Bennett | Assistant Treasurer | 40 | $150,371 |
| A Helen Mcgrath | Director | 2 | — |
| Alan D Feldman | Director | 2 | — |
| Alejandra Garza | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Berglund Construction Company | Design-build/general Construction | $2,485,561 |
| Wight Construction Services Inc | General Construction | $694,296 |
| Collegiate Peaks Asset Management LLC | Investment Management | $560,599 |
| Dorsey Asset Management LLC | Investment Management | $542,064 |
| Kestrel Partners LLP | Investment Management | $488,738 |
Grants received · $313.9M total
419 grants to University of Illinois Foundation totaling $313.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $272.8M in FY2023
4 grants totaling $272.8M in FY2023. All grants made by University of Illinois Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| The Board of Trustees of the University of Illinois | Support for the university of illinois | $271,893,937 |
| The University of Illinois Alumni Association | Support on behalf of the university of illinois | $640,390 |
| Orthopterists Society | Support on behalf of the university of illinois | $253,000 |
| Parkland College Foundation | Support on behalf of the university of illinois | $45,316 |
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Frequently asked questions
- Is University of Illinois Foundation a legitimate nonprofit?
- Yes. University of Illinois Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-6006007, based in Champaign, Illinois. Donations are tax-deductible.
- What is University of Illinois Foundation's EIN?
- University of Illinois Foundation's Employer Identification Number (EIN) is 37-6006007.
- How much revenue does University of Illinois Foundation report?
- University of Illinois Foundation reported $671,293,663 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Illinois Foundation's spending goes to programs?
- University of Illinois Foundation spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Illinois Foundation have?
- CharityIndex grades University of Illinois Foundation B+, based on program efficiency and fundraising cost.
- How much does University of Illinois Foundation's highest-paid employee make?
- The highest reported compensation on University of Illinois Foundation's latest Form 990 is $1,093,184, paid to Travis W Shore (Chief Investment Officer).
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Data for University of Illinois Foundation (EIN 37-6006007) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.