Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $62,231

• 1f · All other contributions, gifts and grants

  $18,510,301

• 1g · Noncash contributions included above

  $7,135,055

• 3 · Investment income

  total $5,546,423 · unrelated business -$182,589 · excluded $5,729,012

• 7a · Gross sales of assets other than inventory

  securities $18,812,425

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

  securities $8,342,003

• 7c · Gain or loss

  securities $10,470,422

• 7d · Net gain or loss

  total $10,470,422 · excluded $10,470,422

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,850,177 · program services $15,850,177

• 11a · Fees: management

  total $1,313,000 · management and general $795,047 · fundraising $517,953

• 11b · Fees: legal

  total $9,289 · management and general $9,289

• 11c · Fees: accounting

  total $37,853 · management and general $37,853

• 11f · Fees: investment management

  total $4,432,034 · management and general $4,432,034

• 11g · Fees: other

  total $290,642 · management and general $290,642

• 13 · Office expenses

  total $6,550 · management and general $5,503 · fundraising $1,047

• 14 · Information technology

  total $172,525 · management and general $144,955 · fundraising $27,570

• 19 · Conferences, conventions and meetings

  total $57,872 · management and general $57,872

• 23 · Insurance

  total $14,733 · management and general $14,733

• 24a · Other expenses: PAYMENTS TO ANNUITANTS

  total $765,718 · management and general $765,718

• 24b · Other expenses: PUBLIC RELATIONS & TRAV

  total $472,123 · management and general $89,841 · fundraising $382,282

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $57,538 · management and general $57,538

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,074,570 · end of year $2,138,361

• 2 · Savings and temporary cash investments

  beginning of year $8,042,254 · end of year $20,267,812

• 3 · Pledges and grants receivable

  beginning of year $12,563,598 · end of year $11,110,735

• 4 · Accounts receivable

  beginning of year $640,640 · end of year $1,913,318

• 7 · Other notes and loans receivable

  beginning of year $2,203,263 · end of year $1,630,000

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

  $1,332,423

• 10c · Land, buildings and equipment, net

  beginning of year $1,332,423 · end of year $1,332,423

• 11 · Investments: publicly traded securities

  beginning of year $98,940,648 · end of year $84,831,969

• 12 · Investments: other securities

  beginning of year $147,180,099 · end of year $190,210,664

• 15 · Other assets

  beginning of year $347,028 · end of year $345,990

• 17 · Accounts payable and accrued expenses

  beginning of year $613,622 · end of year $76,916

• 19 · Deferred revenue

  beginning of year $28,500 · end of year $28,500

• 21 · Escrow or custodial account liability

  beginning of year $5,000 · end of year $5,000

• 25 · Other liabilities

  beginning of year $8,705,909 · end of year $8,739,001

• 27 · Net assets without donor restrictions

  beginning of year $11,763,677 · end of year $16,941,906

• 28 · Net assets with donor restrictions

  beginning of year $256,207,815 · end of year $287,989,949

The filer's explanations (Part III)

PART I, LINE 4B

IN CALENDAR YEAR 2024, GARY MILLER CONTRIBUTED $ $30,500, JOHN WINCEK CONTRIBUTED $ $30,500 TO THE UNIVERSITY OF AKRON'S 457(B) PLAN. NO DISTRIBUTIONS WERE MADE FROM THE UNIVERSITY OF AKRON'S 457(B) PLAN DURING CALENDAR YEAR 2024.

PART I, LINE 2

THE FOUNDATION DID NOT PROVIDE ANY OF THE ITEMS LISTED IN 1A TO OR FOR A PERSON LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. HOWEVER, IF THERE WERE SUCH EXPENSES, THE FOUNDATION'S POLICIES AND PROCEDURES MANUAL REQUIRES SUBSTANTIATION PRIOR TO ANY DISBURSEMENTS.

PART I, LINE 3

THE FOUNDATION DOES NOT PROVIDE NOR FUND ANY DIRECT OR INDIRECT COMPENSATION OR BENEFITS TO ITS EXECUTIVE DIRECTOR OR ANY OTHER OFFICER OR DIRECTOR.