Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,752,603

• 1d · Related organizations

  $89,726

• 1f · All other contributions, gifts and grants

  $89,184,089

• 1g · Noncash contributions included above

  $841,913

• 2a · Program service revenue: PUBLIC BROADCASTING SPONSORSHIPS

  total $1,947,960 · related or exempt $1,947,960

• 2b · Program service revenue: LEASE INCOME

  total $435,262 · related or exempt $435,262

• 2f · All other program service revenue

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

• 3 · Investment income

  total $21,202,822 · excluded $21,202,822

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $451,596,030 · other assets $923,644

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

  securities $377,753,649 · other assets $1,246,455

• 7c · Gain or loss

  securities $73,842,381 · other assets -$322,811

• 7d · Net gain or loss

  total $73,519,570 · excluded $73,519,570

• 8a · Fundraising events: gross income

  $956,770

• 8a · Fundraising events: contributions included on line 1c

  $1,752,603

• 8b · Fundraising events: direct expenses

  $1,435,404

• 8c · Net income from fundraising events

  total -$478,634 · excluded -$478,634

• 11a · Other revenue: All other revenue

  total $158,418 · related or exempt $158,418

• 11d · All other revenue

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

• 11e · Other revenue, total

  $158,418

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $70,204,382 · program services $70,204,382

• 11b · Fees: legal

  total $39,211 · management and general $39,211

• 11c · Fees: accounting

  total $262,682 · management and general $262,682

• 11d · Fees: lobbying

  total $742,000 · management and general $742,000

• 11f · Fees: investment management

  total $5,042,868 · management and general $5,042,868

• 11g · Fees: other

  total $439,134 · program services $0 · management and general $0 · fundraising $439,134

• 13 · Office expenses

  total $993,616 · program services $0 · management and general $451,549 · fundraising $542,067

• 17 · Travel

  total $379,435 · program services $0 · management and general $87,432 · fundraising $292,003

• 19 · Conferences, conventions and meetings

  total $101,608 · program services $0 · management and general $44,081 · fundraising $57,527

• 20 · Interest

  total $82,743 · program services $65,765 · management and general $7,557 · fundraising $9,421

• 22 · Depreciation, depletion and amortization

  total $1,006,316 · program services $118,799 · management and general $586,128 · fundraising $301,389

• 23 · Insurance

  total $288,986 · program services $0 · management and general $288,693 · fundraising $293

• 24a · Other expenses: COMMUNITY RELATIONS

  total $298,219 · program services $0 · management and general $0 · fundraising $298,219

• 24b · Other expenses: EMPLOYEE LEASING EXPENSE

  total $162,313 · program services $0 · management and general $66,549 · fundraising $95,764

• 24e · All other expenses

  total $867,546 · program services $0 · management and general $282,075 · fundraising $585,471

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,673,154 · end of year $1,906,402

• 3 · Pledges and grants receivable

  beginning of year $72,190,178 · end of year $84,845,709

• 4 · Accounts receivable

  beginning of year $3,872,484 · end of year $3,460,512

• 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

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

  $11,981,620

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

  $1,731,259

• 10c · Land, buildings and equipment, net

  beginning of year $10,369,160 · end of year $10,250,361

• 11 · Investments: publicly traded securities

  beginning of year $202,988,721 · end of year $248,461,519

• 12 · Investments: other securities

  beginning of year $595,303,137 · end of year $633,565,941

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $33,944,462 · end of year $35,256,371

• 17 · Accounts payable and accrued expenses

  beginning of year $3,759,059 · end of year $2,561,133

• 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 $2,703,619 · end of year $2,268,902

• 25 · Other liabilities

  beginning of year $34,443,468 · end of year $35,817,932

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

  beginning of year $14,220,766 · end of year $14,781,047

• 31 · Retained earnings, endowment or other funds

  beginning of year $865,214,384 · end of year $962,317,801

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

The individuals listed below participated in a supplemental non-qualified deferred compensation plan. During calendar year 2024, contributions related to such plans were made for the following individuals. These amounts are included on Schedule J, Part II, Column C: Rhea Law - $281,500 Jay Stroman - $50,000 There were no distributions out of such plans during calendar year 2024.

Schedule J, Part I, Line 7 Non-fixed payments

ALL REPORTABLE INDIVIDUALS WERE ELIGIBLE TO RECEIVE A BONUS AT THE DISCRETION OF the University Board of Directors, USF President or CEO of the USF Foundation. THESE BONUSES ARE BASED ON PERFORMANCE.

Schedule J, Part I SUPPLEMENTAL COMPENSATION INFORMATION

EMPLOYEES OF THE UNIVERSITY PERFORM OPERATING FUNCTIONS FOR THE FOUNDATION. THE UNIVERSITY TRACKS, ADMINISTERS, AND REPORTS ALL PAYROLL AND FRINGE BENEFIT COSTS. THE FOUNDATION TRANSFERS FUNDS TO THE UNIVERSITY FOR THE COSTS. AS PART OF THEIR COMPENSATION ARRANGEMENTS WITH THE UNIVERSITY, CERTAIN INDIVIDUALS RECEIVE HOUSING ALLOWANCES AND PRIVATE CLUB MEMBERSHIPS. THE VALUE OF THESE BENEFITS IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE COSTS ASSOCIATED WITH THESE BENEFITS. PRIVATE AIRCRAFT ARE UTILIZED, WHEN APPROPRIATE, FOR BUSINESS TRAVEL BY UNIVERSITY OF SOUTH FLORIDA EMPLOYEES WHEN TRAVEL TIMING OR DESTINATION NECESSITATES SUCH USE. COMPANION TRAVEL FOR UNIVERSITY AND FOUNDATION LEADERSHIP IS PROVIDED ONLY WHEN A BONA FIDE BUSINESS PURPOSE EXISTS. THIS IS NOT TAXABLE INCOME TO THE RECIPIENTS ON SCHEDULE J, PART II.

Disregarded entities

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

• USF Real Estate Foundation LLC

  REAL ESTATE · FL · income $0 · assets $0

  Directly controlled by USF Foundation Inc