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Nonprofiteer
← UNIVERSITY OF FLORIDA FOUNDATION INC

Form 990 for tax year 2024

Filed by UNIVERSITY OF FLORIDA FOUNDATION INC.

Totals

Total revenue
$260,582,704
Total expenses
$296,466,845
Contributions and grants received
$228,339,581
Grants paid
$248,832,125
Program service revenue
$0
Investment income
$26,446,145
Other revenue
$5,796,978
Total assets, end of year
$3,101,806,691
Total liabilities, end of year
$64,409,367
Net assets or fund balances, end of year
$3,037,397,324
Program services expenses (Part IX)
$255,138,243
Management and general expenses
$20,123,147
Fundraising expenses
$21,205,455
Program service expenses (Part III)
$255,138,243

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $7,030,000

  • 1f · All other contributions, gifts and grants

    $221,309,581

  • 1g · Noncash contributions included above

    $25,311,807

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $50,064 · excluded $50,064

  • 5 · Royalties

    total $2,534,350 · related or exempt $2,534,350

  • 6a · Gross rents

    real property $710,412

  • 6b · Less rental expenses

    real property $606,446

  • 6c · Rental income or loss

    real property $103,966 · personal property $0

  • 6d · Net rental income or loss

    total $103,966 · excluded $103,966

  • 7a · Gross sales of assets other than inventory

    securities $63,382,753

  • 7b · Less cost or other basis and sales expenses

    securities $36,986,672

  • 7c · Gain or loss

    securities $26,396,081 · other assets $0

  • 7d · Net gain or loss

    total $26,396,081 · excluded $26,396,081

  • 11a · Other revenue: TRANSFERS FROM COMPONENT UNITS

    total $196,184 · related or exempt $196,184

  • 11b · Other revenue: MISCELLANEOUS

    total $2,701,433 · related or exempt $2,701,433

  • 11c · Other revenue: REUNIONS AND OTHER EVENTS

    total $261,045 · related or exempt $261,045

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,158,662

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,832,125 · program services $248,832,125

  • 5 · Compensation of officers, directors and key employees

    total $1,394,321 · management and general $500,934 · fundraising $893,387

  • 7 · Other salaries and wages

    total $15,656,646 · management and general $4,354,171 · fundraising $11,302,475

  • 9 · Other employee benefits

    total $6,009,206 · management and general $4,057,998 · fundraising $1,951,208

  • 11b · Fees: legal

    total $256,655 · program services $214,270 · management and general $29,085 · fundraising $13,300

  • 11c · Fees: accounting

    total $230,087 · program services $27,500 · management and general $202,587

  • 11d · Fees: lobbying

    total $454,594 · program services $454,594

  • 11e · Fees: professional fundraising services

    total $1,003,682 · fundraising $1,003,682

  • 11f · Fees: investment management

    total $3,470,573 · program services $3,470,573

  • 11g · Fees: other

    total $6,325,853 · program services $823,646 · management and general $4,939,996 · fundraising $562,211

  • 12 · Advertising and promotion

    total $175,561 · program services $59,345 · management and general $0 · fundraising $116,216

  • 13 · Office expenses

    total $1,700,531 · program services $262,498 · management and general $492,712 · fundraising $945,321

  • 14 · Information technology

    total $398,646 · program services $96 · management and general $379,262 · fundraising $19,288

  • 16 · Occupancy

    total $331,949 · program services $49,640 · management and general $185,829 · fundraising $96,480

  • 17 · Travel

    total $1,400,977 · program services $159,643 · management and general $147,950 · fundraising $1,093,384

  • 19 · Conferences, conventions and meetings

    total $1,326,987 · program services $93,477 · management and general $473,963 · fundraising $759,547

  • 20 · Interest

    total $30,910 · program services $22,926 · management and general $7,984

  • 22 · Depreciation, depletion and amortization

    total $1,334,756 · program services $96,303 · management and general $1,238,453

  • 23 · Insurance

    total $486,133 · management and general $485,852 · fundraising $281

  • 24a · Other expenses: MAINTENANCE

    total $50,953 · program services $0 · management and general $49,590 · fundraising $1,363

  • 24b · Other expenses: ENTERTAINMENT

    total $971,092 · program services $269,463 · management and general $39,331 · fundraising $662,298

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $488,110 · program services $302,144 · management and general $185,966 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $4,136,498 · program services $0 · management and general $2,351,484 · fundraising $1,785,014

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,533,311 · end of year $23,724,243

  • 2 · Savings and temporary cash investments

    beginning of year $1,441,110 · end of year $2,354,232

  • 3 · Pledges and grants receivable

    beginning of year $112,620,354 · end of year $88,291,649

  • 4 · Accounts receivable

    beginning of year $13,203,880 · end of year $734,322

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $900,352 · end of year $835,658

  • 10a · Land, buildings and equipment: cost or other basis

    $128,573,440

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,506,882

  • 10c · Land, buildings and equipment, net

    beginning of year $107,306,543 · end of year $107,066,558

  • 11 · Investments: publicly traded securities

    beginning of year $1,896,602 · end of year $1,921,742

  • 12 · Investments: other securities

    beginning of year $2,505,907,873 · end of year $2,737,670,840

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $115,394,879 · end of year $139,207,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,846,023 · end of year $3,304,986

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $396,193 · end of year $365,120

  • 25 · Other liabilities

    beginning of year $61,167,264 · end of year $60,739,261

  • 29 · Capital stock, trust principal or current funds

    beginning of year $261,730,948 · end of year $251,584,882

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $104,284,755 · end of year $104,167,874

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,447,779,721 · end of year $2,681,644,568

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT, IN ACCORDANCE WITH DONOR RESTRICTIONS, TO THE MANY COLLEGES, UNITS, AND PROGRAMS OF THE UNIVERSITY OF FLORIDA.

    Expenses $138,668,702 · Grants $136,633,604 · Revenue $1,026,250

  • THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR DONOR PROVIDED FINANCIAL AID TO QUALIFIED STUDENTS.

    Expenses $31,855,330 · Grants $33,528,134 · Revenue $1,276,396

  • THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR FACULTY AND STAFF OF THE MANY COLLEGES AND UNITS OF THE UNIVERSITY OF FLORIDA INCLUDING, BUT NOT LIMITED TO, ENDOWED CHAIRS AND PROFESSORSHIPS.

    Expenses $31,107,279 · Grants $32,742,782 · Revenue $1,246,423

  • THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA TO CONSTRUCT NEW BUILDINGS AND RENOVATE EXISTING FACILITIES TO ENHANCE THE EDUCATION EXPERIENCE OF ALL STUDENTS.

    Expenses $24,480,334 · Grants $15,810,166 · Revenue $980,891

  • THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR THE UNIVERSITY OF FLORIDA FOR RESEARCH FUNDING.

    Expenses $19,460,151 · Grants $20,386,546 · Revenue $779,739

  • THE UNIVERSITY OF FLORIDA FOUNDATION, INC. RECEIVES AND ADMINISTERS PRIVATE SUPPORT FOR OTHER PURPOSES, INCLUDING, BUT NOT LIMITED TO, SPECIAL EVENTS, PROJECTS AND PROGRAMS WITH MULTIPLE OR BROAD PURPOSES.

    Expenses $9,566,447 · Grants $9,730,893 · Revenue $383,313

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anita G Zucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl S Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris A Malachowsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christy A Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia L Pekrul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eugene K Pettis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Howard M Sheridan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joelen K Merkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jose A Costa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Glover

    DIRECTOR

    Total calculated
    $585,366
    From this org
    $0
    From related orgs
    $526,943
    Other
    $58,423
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,251 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $692 related
    Deferred
    $0 + $46,414 related
    Nontaxable benefits
    $0 + $12,009 related
    Filer's total
    $0 + $585,366 related

  • Karen H Unger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda S P Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark A Rosser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monisa K Cline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia L Pacey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rahul Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert G Stern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sachio Semmoto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott J Angle

    DIRECTOR

    Total calculated
    $637,576
    From this org
    $0
    From related orgs
    $580,395
    Other
    $57,181
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,395 related
    Bonus
    $0 + $24,000 related
    Other
    $0
    Deferred
    $0 + $32,471 related
    Nontaxable benefits
    $0 + $24,710 related
    Filer's total
    $0 + $637,576 related

  • Swati R Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taylor Jantz

    DIRECTOR

    Total calculated
    $605,634
    From this org
    $0
    From related orgs
    $473,720
    Other
    $131,914
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,122 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $4,598 related
    Deferred
    $0 + $120,087 related
    Nontaxable benefits
    $0 + $11,827 related
    Filer's total
    $0 + $605,634 related

  • W Kent Fuchs

    DIRECTOR

    Total calculated
    $995,752
    From this org
    $0
    From related orgs
    $788,720
    Other
    $207,032
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $579,980 related
    Bonus
    $0
    Other
    $0 + $208,740 related
    Deferred
    $0 + $119,094 related
    Nontaxable benefits
    $0 + $87,938 related
    Filer's total
    $0 + $995,752 related

  • David M Christie

    ASSOC VP & COO

    Total calculated
    $370,629
    From this org
    $316,249
    From related orgs
    $0
    Other
    $54,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,924
    Bonus
    $25,000
    Other
    $2,325
    Deferred
    $29,493
    Nontaxable benefits
    $24,887
    Filer's total
    $370,629

  • David Nelms

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jon Pritchett

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Maria Martin

    EXEC. VICE PRESIDENT

    Total calculated
    $416,731
    From this org
    $357,610
    From related orgs
    $0
    Other
    $59,121
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $327,962
    Bonus
    $25,600
    Other
    $4,048
    Deferred
    $33,533
    Nontaxable benefits
    $25,588
    Filer's total
    $416,731

  • Michael S Johnson

    ASSISTANT VP & CFO

    Total calculated
    $309,879
    From this org
    $253,399
    From related orgs
    $0
    Other
    $56,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,499
    Bonus
    $15,000
    Other
    $1,900
    Deferred
    $32,904
    Nontaxable benefits
    $23,576
    Filer's total
    $309,879

  • Tara Boonstra

    SECRETARY

    Total calculated
    $143,214
    From this org
    $105,065
    From related orgs
    $0
    Other
    $38,149
    Hours/week
    40

  • Kimberly M Metzger

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $462,757
    From this org
    $393,077
    From related orgs
    $0
    Other
    $69,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,274
    Bonus
    $600
    Other
    $43,203
    Deferred
    $45,268
    Nontaxable benefits
    $24,412
    Filer's total
    $462,757

  • Anna M Harper

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $310,096
    From this org
    $255,127
    From related orgs
    $0
    Other
    $54,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,566
    Bonus
    $22,128
    Other
    $2,433
    Deferred
    $32,006
    Nontaxable benefits
    $22,963
    Filer's total
    $310,096

  • Audrey G Geoffroy

    ASSISTANT VICE PRESIDENT

    Total calculated
    $291,022
    From this org
    $238,163
    From related orgs
    $0
    Other
    $52,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,973
    Bonus
    $26,500
    Other
    $1,690
    Deferred
    $29,270
    Nontaxable benefits
    $23,589
    Filer's total
    $291,022

  • Jonathan W Cannon

    EXECUTIVE DIRECTOR OF DEVELOPMENT

    Total calculated
    $276,541
    From this org
    $227,127
    From related orgs
    $0
    Other
    $49,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,077
    Bonus
    $600
    Other
    $2,450
    Deferred
    $23,126
    Nontaxable benefits
    $26,288
    Filer's total
    $276,541

  • Joseph A Mandernach

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $367,491
    From this org
    $332,245
    From related orgs
    $0
    Other
    $35,246
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,645
    Bonus
    $0
    Other
    $600
    Deferred
    $32,153
    Nontaxable benefits
    $3,093
    Filer's total
    $367,491

  • Laura Hp Carter

    ASSISTANT VICE PRESIDENT

    Total calculated
    $290,698
    From this org
    $239,017
    From related orgs
    $0
    Other
    $51,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,893
    Bonus
    $600
    Other
    $2,524
    Deferred
    $24,408
    Nontaxable benefits
    $27,273
    Filer's total
    $290,698

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
PRIVATE AIRCRAFT ARE USED, AS APPROPRIATE, WHEN UNIVERSITY OF FLORIDA FOUNDATION (UFF) LEADERSHIP AND UNIVERSITY OF FLORIDA (UF) LEADERSHIP NEED TO MAKE A UNIVERSITY BUSINESS TRIP WHEN THE TIMING OR LOCATION NECESSITATES THE USE OF SUCH PLANES. TRAVEL IS PROVIDED, ON FUNDRAISING TRIPS, FOR COMPANIONS OF UFF LEADERSHIP WHEN A BONA FIDE BUSINESS PURPOSE EXISTS. THESE BENEFITS ARE NOT TAXABLE INCOME TO THE RECIPIENTS ON SCHEDULE J, PART II.
Schedule J, Part I, Line 1a Travel for companions
TRAVEL IS PROVIDED, ON FUNDRAISING TRIPS, FOR COMPANIONS OF UFF LEADERSHIP WHEN A BONA FIDE BUSINESS PURPOSE EXISTS.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE UNIVERSITY OF FLORIDA, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION FOR THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FL PRIVATE INVESTMENTS FUND LP

    Excluded · INVESTMENT IN OTHER ENTITIES · DE

    Directly controlled by UFICO

  • FL LONG TERM POOL FUND LP

    Excluded · INVESTMENT IN OTHER ENTITIES · DE

    Directly controlled by UFICO

  • FL SHORT-TERM POOL FUND LP

    Excluded · INVESTMENT IN OTHER ENTITIES · DE

    Directly controlled by UFICO

  • FL GLOBAL EQUITY FUND LLC

    Excluded · INVESTMENT IN OTHER ENTITIES · DE

    Directly controlled by UFICO

  • FL GLOBAL FIXED INCOME FUND LLC

    Excluded · INVESTMENT IN OTHER ENTITIES · DE

    Directly controlled by UFICO

  • FL HEDGED STRATEGIES FUND LLC

    Excluded · INVESTMENT IN OTHER ENTITIES · DE

    Directly controlled by UFICO

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (88)

    Trust · SUPPORT · FL

  • CHARITABLE LEAD TRUST (1)

    Trust · SUPPORT · FL

  • CHARITABLE REMAINDER TRUST (1)

    Trust · SUPPORT · MD

Provenance

Return type
form_990
Tax year
2024
Filed
22 April 2026
IRS schema version
2024v5.1
Source object
202641129349300214

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