Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $11,575

• 1f · All other contributions, gifts and grants

  $258,367,288

• 1g · Noncash contributions included above

  $37,741,779

• 2a · Program service revenue: University Contract & Budget

  total $9,578,833 · related or exempt $9,578,833

• 2b · Program service revenue: Annual Funds

  total $223,665 · related or exempt $223,665

• 3 · Investment income

  total $23,700,069 · unrelated business $13,218,479 · excluded $10,481,590

• 6a · Gross rents

  real property $1,759,912

• 6b · Less rental expenses

  real property $533,642

• 6c · Rental income or loss

  real property $1,226,270

• 6d · Net rental income or loss

  total $1,226,270 · excluded $1,226,270

• 7a · Gross sales of assets other than inventory

  securities $1,588,753,687 · other assets $3,274,686

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

  securities $1,450,750,362 · other assets $3,819,970

• 7c · Gain or loss

  securities $138,003,325 · other assets -$545,284

• 7d · Net gain or loss

  total $137,458,041 · excluded $137,458,041

• 11a · Other revenue: Athletic Receipts

  total $13,174,419 · related or exempt $13,174,419

• 11b · Other revenue: Non-Gift Revenue (Sales, Auctions

  total $6,270,348 · related or exempt $6,270,348

• 11d · All other revenue

  total $251,881 · related or exempt $251,881

• 11e · Other revenue, total

  $19,696,648

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $269,234,903 · program services $269,234,903

• 2 · Grants to domestic individuals

  total $22,000 · program services $22,000

• 5 · Compensation of officers, directors and key employees

  total $5,972,076 · management and general $4,848,640 · fundraising $1,123,436

• 7 · Other salaries and wages

  total $18,936,116 · management and general $7,196,090 · fundraising $11,740,026

• 8 · Pension plan contributions

  total $1,322,551 · management and general $730,672 · fundraising $591,879

• 9 · Other employee benefits

  total $4,128,643 · management and general $2,167,276 · fundraising $1,961,367

• 10 · Payroll taxes

  total $1,089,494 · management and general $649,794 · fundraising $439,700

• 11b · Fees: legal

  total $273,028 · management and general $273,028

• 11c · Fees: accounting

  total $428,424 · management and general $428,424

• 11e · Fees: professional fundraising services

  total $92,850 · fundraising $92,850

• 11f · Fees: investment management

  total $19,463,004 · management and general $19,463,004

• 11g · Fees: other

  total $3,034,899 · management and general $1,181,335 · fundraising $1,853,564

• 12 · Advertising and promotion

  total $114,944 · fundraising $114,944

• 13 · Office expenses

  total $1,355,264 · management and general $1,027,438 · fundraising $327,826

• 14 · Information technology

  total $2,173,088 · management and general $1,853,639 · fundraising $319,449

• 16 · Occupancy

  total $1,176,457 · management and general $1,104,166 · fundraising $72,291

• 17 · Travel

  total $1,304,073 · management and general $376,269 · fundraising $927,804

• 19 · Conferences, conventions and meetings

  total $1,937,958 · management and general $117,208 · fundraising $1,820,750

• 20 · Interest

  total $479,548 · management and general $479,548

• 22 · Depreciation, depletion and amortization

  total $1,137,864 · management and general $1,137,864

• 23 · Insurance

  total $29,951 · management and general $29,951

• 24a · Other expenses: Online research tools

  total $380,895 · management and general $177,346 · fundraising $203,549

• 24b · Other expenses: Marketing & communicati

  total $208,720 · management and general $49,647 · fundraising $159,073

• 24c · Other expenses: Membership & dues

  total $191,480 · management and general $34,505 · fundraising $156,975

• 24e · All other expenses

  total $58,904 · management and general $53,305 · fundraising $5,599

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $9,005,932 · end of year $7,320,709

• 3 · Pledges and grants receivable

  beginning of year $233,000,000 · end of year $235,000,000

• 4 · Accounts receivable

  beginning of year $4,288,009 · end of year $77,701,595

• 7 · Other notes and loans receivable

  beginning of year $59,365 · end of year $55,518

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,659,801 · end of year $2,213,711

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

  $195,738,278

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

  $16,202,969

• 10c · Land, buildings and equipment, net

  beginning of year $151,566,489 · end of year $179,535,309

• 11 · Investments: publicly traded securities

  beginning of year $463,856,693 · end of year $644,069,237

• 12 · Investments: other securities

  beginning of year $2,112,106,329 · end of year $2,104,599,024

• 15 · Other assets

  beginning of year $73,735,491 · end of year $77,780,771

• 17 · Accounts payable and accrued expenses

  beginning of year $15,992,976 · end of year $76,847,983

• 24 · Unsecured notes and loans payable

  beginning of year $9,812,805 · end of year $10,198,764

• 25 · Other liabilities

  beginning of year $49,633,586 · end of year $38,800,240

• 27 · Net assets without donor restrictions

  beginning of year $75,389,600 · end of year $82,166,505

• 28 · Net assets with donor restrictions

  beginning of year $2,898,449,142 · end of year $3,120,262,382

The filer's explanations (Part III)

Part I, Line 1a

First-class travel: Matthew McGanity - business purpose - not treated as taxable compensation Travel for companions: James H. Moore, Jr. - to assist with business purpose of trip - not treated as taxable compensation Social Club Dues: James H. Moore, Jr. - % of personal use treated as taxable compensation Edward F. Ewald - % of personal use treated as taxable compensation Christine C. Devocelle - % of personal use treated as taxable compensation Jacquline Schweighart - % of personal use treated as taxable compensation Shari M. Fox - % of personal use treated as taxable compensation

Part I, Line 3

The Executive Committee shall have a Compensation Subcommittee that approves key elements of an overall compensation program which may include performance based compensation. The Compensation Subcommittee shall include at least three members of the Executive Committee and be chaired by the Immediate Past Chair of the Board of Directors. The President of the Foundation and the President of the University of Illinois shall serve as ex officio non-voting members of the Compensation Subcommittee and shall not count toward a quorum. The Compensation Sub-committee (committee) uses comparability data that is prepared by or commented upon by a competent professional. The data reflects similar organizations and/or entities from which the Foundation may attract executive talent and provides compensation levels paid by similarly situated organizations for functionally comparable positions. The President of the Foundation may assume the task of collecting the data and using it, along with a Foundation philosophy/strategy regarding compensation to make recommendations to be approved by the committee for compensation packages of any disqualified person except him/herself. The committee should review the information presented, consider the recommendation of the President and debate the issues of compensation for each individual openly and should, thereafter, make a decision by voting. The committee reviews compensation of all disqualified persons including all employees who have substantial influence over the affairs of the organization. Substantial influence is defined as having ultimate responsibility for implementing the decisions of the governing body or for supervising the management, administration, or operation of the organization. These positions include the President/CEO,employed Secretary and Assistant Secretaries, employed Treasurer and Assistant Treasurers, Chief Investment Officer, Controller, and any person who manages a discreet segment or activity of the organization that represents a substantial portion of the activities, assets, income or expenses of the organization. This process in undertaken for each position on an annual basis.

Part I, Line 7

Edward Creedon and Jaime Davis received a portion of their compensation based on qualitative and quantitative performance goals that require a level of discretion by management.

Additional Supplemental Information

The Vice Chancellors for Institutional Advancement at each university within the University of Illinois system (Chicago, Springfield, and Urbana-Champaign) share a reporting line to the Chancellor at each university as well as the University of Illinois Foundation President. They provide services similar to University of Illinois Foundation key employees, however they are paid directly by the University of Illinois which is not a related organization per IRS definition. The University of Illinois Foundation's compensation subcommittee does review the compensation of the Vice Chancellors.

Disregarded entities

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

• University of Illinois Foundation UK Limited

  To provide support for education and the University of Illinois · UK · income $11,575 · assets $6,500

  Directly controlled by University of Illinois Foundation

• UIF Plymouth Court LLC

  To provide support for education and the University of Illinois · IL · income $0 · assets $32,800,000

  Directly controlled by University of Illinois Foundation

Related corporations and trusts

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

• ECRU Corporation

  C · Investment & Leasing · IL · 100% owned · share of income $25,077 · share of assets $666,001

  Directly controlled by University of Illinois Foundation

• Herman J Adelmann Univ of IL Medical School Trust R64207005

  T · Hold investments for which the income benefits Univ of IL · IL · 100% owned · share of income $74,417 · share of assets $3,053,058

• WM & Isabella Kane Mem Scholarship TR

  T · Hold investments for which the income benefits Univ of IL · IL · 100% owned · share of income $11,302 · share of assets $536,757