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← UNIVERSITY IMPACT

Form 990 for tax year 2024

Filed by UNIVERSITY IMPACT.

Totals

Total revenue
$185,438,567
Total expenses
$44,502,994
Contributions and grants received
$173,748,833
Grants paid
$42,989,918
Program service revenue
$88,295
Investment income
$11,260,561
Other revenue
$340,878
Total assets, end of year
$384,665,872
Total liabilities, end of year
$1,670,591
Net assets or fund balances, end of year
$382,995,281
Program services expenses (Part IX)
$43,024,930
Management and general expenses
$1,173,817
Fundraising expenses
$304,247
Program service expenses (Part III)
$43,024,930

Program services were 96.7% 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

    $5,041,510

  • 1f · All other contributions, gifts and grants

    $168,707,323

  • 1g · Noncash contributions included above

    $129,945,411

  • 2a · Program service revenue: INVESTMENT MANAGEMENT FEES

    total $88,295 · related or exempt $88,295

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $6,017,772 · unrelated business $3,624,329 · excluded $2,393,443

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $62,327,234 · other assets $15,234,702

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

    securities $65,732,182 · other assets $6,586,965

  • 7c · Gain or loss

    securities -$3,404,948 · other assets $8,647,737

  • 7d · Net gain or loss

    total $5,242,789 · excluded $5,242,789

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $340,878 · related or exempt $340,878

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $340,878

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,714,645 · program services $42,714,645

  • 3 · Grants to foreign organizations and individuals

    total $275,273 · program services $275,273

  • 7 · Other salaries and wages

    total $156,925 · program services $20,557 · management and general $58,589 · fundraising $77,779

  • 10 · Payroll taxes

    total $49 · program services $7 · management and general $18 · fundraising $24

  • 11b · Fees: legal

    total $14,295 · management and general $14,295

  • 11c · Fees: accounting

    total $180 · management and general $180

  • 11f · Fees: investment management

    total $916,278 · management and general $916,278

  • 11g · Fees: other

    total $191,237 · program services $14,448 · management and general $73,819 · fundraising $102,970

  • 12 · Advertising and promotion

    total $83,933 · fundraising $83,933

  • 13 · Office expenses

    total $22,022 · management and general $22,022

  • 14 · Information technology

    total $1,036 · management and general $1,036

  • 16 · Occupancy

    total $33,277 · management and general $33,277

  • 17 · Travel

    total $39,541 · fundraising $39,541

  • 20 · Interest

    total $54,303 · management and general $54,303

  • 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 $5,523,498 · end of year $4,364,000

  • 4 · Accounts receivable

    beginning of year $34,357 · end of year $172,625

  • 5 · Loans and receivables from officers and key people

    beginning of year $481,705 · end of year $1,920,139

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $51,667

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $114,040,638 · end of year $204,864,032

  • 12 · Investments: other securities

    beginning of year $103,647,214 · end of year $146,262,964

  • 13 · Investments: program-related

    beginning of year $0 · end of year $2,625,468

  • 15 · Other assets

    beginning of year $5,636,929 · end of year $24,404,977

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,826 · end of year $7,877

  • 19 · Deferred revenue

    beginning of year $151,944 · end of year $151,944

  • 22 · Loans and payables to officers and key people

    beginning of year $10,770 · end of year $10,770

  • 23 · Secured mortgages and notes payable

    beginning of year $409,496 · end of year $1,500,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $204,463,726 · end of year $358,171,823

  • 28 · Net assets with donor restrictions

    beginning of year $24,305,578 · end of year $24,823,458

Mission and programs · 2024

Mission

UNIVERSITY IMPACT (UI) WAS FOUNDED TO BUILD AN ECOSYSTEM THAT CAN ACCELERATE SOLVING THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS.

  • UNIVERSITY IMPACT SERVES AS A SPONSORING ORGANIZATION AS DESCRIBED IN CODE SECTION 4966(D)(1) AND MAINTAINS A PORTFOLIO OF DONOR ADVISED FUNDS DAFS. EACH DAF IS AN ACCOUNT: I. SEPARATELY IDENTIFIED BY REFERENCE TO CONTRIBUTIONS OF A DONOR OR DONORS; II. OWNED AND CONTROLLED BY UNIVERSITY IMPACT; III. AND HAS ADVISORY, NON-BINDING PRIVILEGES WITH RESPECT TO THE DISTRIBUTIONS OR INVESTMENTS OF THE DAF FUNDS.

    Expenses $42,095,785 · Grants $42,061,528 · Revenue $167,888

  • THE CORPORATION ALSO ACTS AS A FISCAL SPONSOR FOR EMERGING CHARITABLE PROJECTS THAT HAVE NOT YET RECEIVED FEDERAL TAX EXEMPTION.

    Expenses $773,315 · Grants $772,686 · Revenue $217,454

  • UNIVERSITY IMPACT HELD A NUMBER OF ONLINE TRAINING SESSIONS AND ALSO HELPED PERFORM DUE DILIGENCE.

    Expenses $155,830 · Grants $155,704 · Revenue $43,831

As filed on the 2024 return.

Listed in Part VII

  • Aaron Miller

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Blake

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Chaitali Patel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Hill-Ritchie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lindsey Padjen

    BOARD MEMBER AND AUDIT COMMITTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Leininger

    BOARD MEMBER AND AUDIT COMMITTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Manwaring

    BOARD MEMBER & SVP OF IMPACT INVESTING

    Total calculated
    $0
    Hours/week
    40 + 1 related

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Domus Holdings LLC

    HOLD REAL ESTATE · UT · income -$387,622 · assets $9,674,997

    Directly controlled by UNIVERSITY IMPACT

  • CASCADIA BATTLEGROUND RE HOLDCO LLC

    HOLDING ASSETS · UT · income $0 · assets $0

    Directly controlled by UNIVERSITY IMPACT

  • SK & ASSOCIATES

    RENTAL OF TRUCKS & CONTAINERS · UT · income $27,439

    Directly controlled by UNIVERSITY IMPACT

Related partnerships

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

  • WGAM LLC

    Excluded · WHOLESALE MIRROR & GLASS · VA · 99% owned · share of income $24,817 · share of assets $328,870

    Directly controlled by University Impact

  • MRS CP LLC

    Excluded · COLLECTIONS · TX · 99% owned · share of income -$9,513 · share of assets $126,369

    Directly controlled by UNIVERSITY IMPACT

  • LITCHFIELD MOONDANCE LLC

    Excluded · DANCE · SC · 99% owned

    Directly controlled by UNIVERSITY IMPACT

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202523179349304842

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