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Nonprofiteer
← UNIVERSITY OF ILLINOIS FOUNDATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF ILLINOIS FOUNDATION.

Totals

Total revenue
$671,293,663
Total expenses
$347,825,062
Contributions and grants received
$314,244,685
Grants paid
$272,892,061
Program service revenue
$8,585,409
Investment income
$334,715,722
Other revenue
$13,747,847
Total assets, end of year
$3,593,401,616
Total liabilities, end of year
$103,790,788
Net assets or fund balances, end of year
$3,489,610,828
Program services expenses (Part IX)
$272,892,061
Management and general expenses
$53,279,025
Fundraising expenses
$21,653,976
Program service expenses (Part III)
$272,892,061

Program services were 78.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Anthony G DiTommaso

    Immediate Past Chair of the Board

    Total calculated
    $0
    Hours/week
    2

  • Karen M Golz

    Chair-Elect

    Total calculated
    $0
    Hours/week
    2

  • Richard C Osborne

    Chair of the Board

    Total calculated
    $0
    Hours/week
    2

  • A Helen McGrath

    Director

    Total calculated
    $0
    Hours/week
    2

  • Alan D Feldman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Alejandra Garza

    Director

    Total calculated
    $0
    Hours/week
    2

  • Beth Georgia Gies

    Director

    Total calculated
    $0
    Hours/week
    2

  • Cynthia M Helle

    Director

    Total calculated
    $0
    Hours/week
    2

  • Deborah A Paul

    Director

    Total calculated
    $0
    Hours/week
    2

  • Donald E Bielinski

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jean M Manning

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jose L Santillan

    Director - end Oct '23

    Total calculated
    $0
    Hours/week
    2

  • Julie A Kellner

    Director - Begin Oct '23

    Total calculated
    $0
    Hours/week
    2

  • Kay M Schwichtenberg

    Director

    Total calculated
    $0
    Hours/week
    2

  • Khawar M Siddique

    Director

    Total calculated
    $0
    Hours/week
    2

  • Laura L Fraley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Leon J Loichle

    Director - end Oct '23

    Total calculated
    $0
    Hours/week
    2

  • Mark D Coe

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Ellen Penicook

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Kay Haben

    Director - end Oct '23

    Total calculated
    $0
    Hours/week
    2

  • Paul T Tucker

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sam Mendenhall

    Director - end Oct '23

    Total calculated
    $0
    Hours/week
    2

  • Saul J Morse

    Director

    Total calculated
    $0
    Hours/week
    2

  • Shakeeb Alam

    Director

    Total calculated
    $0
    Hours/week
    2

  • Stuart L Levenick

    Director

    Total calculated
    $0
    Hours/week
    2

  • William D Forsyth

    Director - Begin Oct '23

    Total calculated
    $0
    Hours/week
    2

  • Christine C Devocelle

    Treasurer & COO

    Total calculated
    $457,061
    From this org
    $400,139
    From related orgs
    $0
    Other
    $56,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,246
    Bonus
    $59,137
    Other
    $7,756
    Deferred
    $24,130
    Nontaxable benefits
    $32,792
    Filer's total
    $457,061

  • Jacquline N Schweighart

    Assistant Secretary

    Total calculated
    $300,506
    From this org
    $237,379
    From related orgs
    $0
    Other
    $63,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,193
    Bonus
    $0
    Other
    $9,186
    Deferred
    $30,335
    Nontaxable benefits
    $32,792
    Filer's total
    $300,506

  • James H Moore Jr

    President & CEO

    Total calculated
    $802,406
    From this org
    $746,211
    From related orgs
    $0
    Other
    $56,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $635,961
    Bonus
    $110,250
    Other
    $0
    Deferred
    $24,130
    Nontaxable benefits
    $32,065
    Filer's total
    $802,406

  • Jennifer F Cerasa

    Secretary & General Counsel

    Total calculated
    $298,887
    From this org
    $245,398
    From related orgs
    $0
    Other
    $53,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,398
    Bonus
    $0
    Other
    $0
    Deferred
    $20,584
    Nontaxable benefits
    $32,905
    Filer's total
    $298,887

  • Kelly L Bennett

    Assistant Treasurer

    Total calculated
    $202,657
    From this org
    $150,371
    From related orgs
    $0
    Other
    $52,286
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,851
    Bonus
    $2,520
    Other
    $0
    Deferred
    $19,458
    Nontaxable benefits
    $32,828
    Filer's total
    $202,657

  • Michelle S Bolger

    Assistant Treasurer

    Total calculated
    $254,954
    From this org
    $196,424
    From related orgs
    $0
    Other
    $58,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,424
    Bonus
    $0
    Other
    $0
    Deferred
    $25,738
    Nontaxable benefits
    $32,792
    Filer's total
    $254,954

  • Travis W Shore

    Chief Investment Officer

    Total calculated
    $1,151,553
    From this org
    $1,093,184
    From related orgs
    $0
    Other
    $58,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $593,184
    Bonus
    $500,000
    Other
    $0
    Deferred
    $24,130
    Nontaxable benefits
    $34,239
    Filer's total
    $1,151,553

  • Frank Robinson

    Managing Director

    Total calculated
    $798,693
    From this org
    $744,000
    From related orgs
    $0
    Other
    $54,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,000
    Bonus
    $375,000
    Other
    $0
    Deferred
    $24,130
    Nontaxable benefits
    $30,563
    Filer's total
    $798,693

  • Jaime N Davis

    Senior Director

    Total calculated
    $358,690
    From this org
    $255,973
    From related orgs
    $0
    Other
    $102,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,558
    Bonus
    $16,415
    Other
    $0
    Deferred
    $70,523
    Nontaxable benefits
    $32,194
    Filer's total
    $358,690

  • Jeremy Heer

    Managing Director - Begin Feb '23

    Total calculated
    $605,448
    From this org
    $554,266
    From related orgs
    $0
    Other
    $51,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,266
    Bonus
    $300,000
    Other
    $0
    Deferred
    $24,038
    Nontaxable benefits
    $27,144
    Filer's total
    $605,448

  • Matthew McGanity

    Managing Director

    Total calculated
    $792,151
    From this org
    $746,871
    From related orgs
    $0
    Other
    $45,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,871
    Bonus
    $375,000
    Other
    $0
    Deferred
    $25,764
    Nontaxable benefits
    $19,516
    Filer's total
    $792,151

  • Michael A Davis

    Chief Technology Officer

    Total calculated
    $251,029
    From this org
    $202,284
    From related orgs
    $0
    Other
    $48,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,284
    Bonus
    $0
    Other
    $0
    Deferred
    $16,551
    Nontaxable benefits
    $32,194
    Filer's total
    $251,029

  • Brooke Weisenbeck

    Sr. Vice President

    Total calculated
    $278,412
    From this org
    $218,965
    From related orgs
    $0
    Other
    $59,447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,965
    Bonus
    $0
    Other
    $0
    Deferred
    $20,686
    Nontaxable benefits
    $38,761
    Filer's total
    $278,412

  • Edward F Ewald

    Executive Advisor

    Total calculated
    $277,019
    From this org
    $216,829
    From related orgs
    $0
    Other
    $60,190
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $183,829
    Bonus
    $33,000
    Other
    $0
    Deferred
    $33,352
    Nontaxable benefits
    $26,838
    Filer's total
    $277,019

  • Kristie DeKoker

    VC Health Affairs

    Total calculated
    $398,322
    From this org
    $352,470
    From related orgs
    $0
    Other
    $45,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,189
    Bonus
    $0
    Other
    $22,281
    Deferred
    $27,671
    Nontaxable benefits
    $18,181
    Filer's total
    $398,322

  • Margaret A Cline

    Vice President

    Total calculated
    $270,348
    From this org
    $209,768
    From related orgs
    $0
    Other
    $60,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,768
    Bonus
    $0
    Other
    $0
    Deferred
    $27,788
    Nontaxable benefits
    $32,792
    Filer's total
    $270,348

  • Richard H Darnell Jr

    Senior Vice President

    Total calculated
    $255,363
    From this org
    $206,417
    From related orgs
    $0
    Other
    $48,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,417
    Bonus
    $0
    Other
    $0
    Deferred
    $16,154
    Nontaxable benefits
    $32,792
    Filer's total
    $255,363

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
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
First-class travel: Travis Shore - business purpose - not treated as taxable compensation
Schedule J, Part I, Line 1a Travel for companions
Travel for companions: James H. Moore, Jr. - to assist with business purpose of trip - not treated as taxable compensation
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
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
Schedule J, Part I, Line 7 Non-fixed payments
Jaime Davis received a portion of compensation based on qualitative and quantitative performance goals that require a level of discretion by management.
Schedule J, Part III
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.

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.

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 $16,400 · 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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202541259349303159

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