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UNIVERSITY OF FLORIDA INVESTMENT CORPORATION

EIN 20-1226494 GAINESVILLE, FL

Revenue 2024
$6,254,192
Expenses 2024
$6,670,257

Program services were 84.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B024
Classification
1000
Street
800 SW 2ND AVE STE 300

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, A PUBLIC BODY CORPORATE, AND SUCH AFFILIATED CORPORATIONS AS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA AND ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED.

  • THE ORGANIZATION PROVIDED INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO THE UNIVERSITY OF FLORIDA AND THREE OTHER AFFILIATE ORGANIZATIONS RELATED TO THE UNIVERSITY OF FLORIDA. DURING THE YEAR, THE ORGANIZATION MANAGED ASSETS OF $6,865,764,255 FOR THESE ORGANIZATIONS.

    Expenses $5,628,885 · Revenue $6,157,310

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JAMES W HEAVENER

    EX-OFFICIO MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM WALTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FERNANDO DONAYRE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID CHRISTIE

    EX-OFFICIO MEMBER

    Total calculated
    $370,629
    From this org
    $0
    From related orgs
    $316,249
    Other
    $54,380
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,924 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $2,325 related
    Deferred
    $0 + $29,493 related
    Nontaxable benefits
    $0 + $24,887 related
    Filer's total
    $0 + $370,629 related

  • DOUGLAS J FREE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT THORNTON

    EX-OFFICIO MEMBER UNTIL 2/2025

    Total calculated
    $842,192
    From this org
    $0
    From related orgs
    $815,755
    Other
    $26,437
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $568,257 related
    Bonus
    $0 + $133,200 related
    Other
    $0 + $114,298 related
    Deferred
    $0 + $14,250 related
    Nontaxable benefits
    $0 + $12,187 related
    Filer's total
    $0 + $842,192 related

  • REBECCA PATTERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SABY MITRA

    EX-OFFICIO MEMBER

    Total calculated
    $616,491
    From this org
    $0
    From related orgs
    $557,890
    Other
    $58,601
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $557,890 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,945 related
    Nontaxable benefits
    $0 + $24,656 related
    Filer's total
    $0 + $616,491 related

  • LINDSAY LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICK KOZLOV

    BOARD MEMBER BEGIN 2/2025

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR JANTZ

    EX-OFFICIO MEMBER UNTIL 2/2025

    Total calculated
    $605,634
    From this org
    $0
    From related orgs
    $473,720
    Other
    $131,914
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,122 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $4,598 related
    Deferred
    $0 + $120,087 related
    Nontaxable benefits
    $0 + $11,827 related
    Filer's total
    $0 + $605,634 related

  • GEOFF GARDNER

    BOARD MEMBER BEGIN 2/2025

    Total calculated
    $0
    Hours/week
    1

  • ROBERT COUSIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT FRIEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM S REESER

    CEO/CIO/PRESIDENT UNTIL 1/1/25

    Total calculated
    $1,507,964
    From this org
    $1,317,266
    From related orgs
    $0
    Other
    $190,698
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $683,982
    Bonus
    $618,488
    Other
    $14,796
    Deferred
    $171,059
    Nontaxable benefits
    $19,639
    Filer's total
    $1,507,964

  • EDWARD A KELLY

    COO/VICE PRESIDENT

    Total calculated
    $584,202
    From this org
    $494,145
    From related orgs
    $0
    Other
    $90,057
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $342,166
    Bonus
    $146,759
    Other
    $5,220
    Deferred
    $66,707
    Nontaxable benefits
    $23,350
    Filer's total
    $584,202

  • MARK L BAUMGARTNER

    CEO/CIO/PRESIDENT BEGIN 1/1/25

    Total calculated
    $0
    Hours/week
    50

  • BRIAN C MAWDSLEY

    DEPUTY CIO

    Total calculated
    $948,951
    From this org
    $804,452
    From related orgs
    $0
    Other
    $144,499
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $442,928
    Bonus
    $360,066
    Other
    $1,458
    Deferred
    $122,231
    Nontaxable benefits
    $22,268
    Filer's total
    $948,951

  • WILLIAM C TWIBLE

    INVESTMENT DIRECTOR

    Total calculated
    $531,950
    From this org
    $439,394
    From related orgs
    $0
    Other
    $92,556
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $267,906
    Bonus
    $170,870
    Other
    $618
    Deferred
    $70,593
    Nontaxable benefits
    $21,963
    Filer's total
    $531,950

  • JEFFREY FURST

    INVESTMENT DIRECTOR

    Total calculated
    $528,756
    From this org
    $436,200
    From related orgs
    $0
    Other
    $92,556
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $264,562
    Bonus
    $170,870
    Other
    $768
    Deferred
    $70,593
    Nontaxable benefits
    $21,963
    Filer's total
    $528,756

  • DANIEL LEE

    SENIOR INVESTMENT ANALYST

    Total calculated
    $242,702
    From this org
    $201,795
    From related orgs
    $0
    Other
    $40,907
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $163,196
    Bonus
    $31,571
    Other
    $7,028
    Deferred
    $31,551
    Nontaxable benefits
    $9,356
    Filer's total
    $242,702

  • BRENNAN BUBP

    SENIOR INVESTMENT ANALYST

    Total calculated
    $283,584
    From this org
    $227,402
    From related orgs
    $0
    Other
    $56,182
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,762
    Bonus
    $61,802
    Other
    $3,838
    Deferred
    $34,219
    Nontaxable benefits
    $21,963
    Filer's total
    $283,584

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $6,254,192
    Expenses
    $6,670,257
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $6,274,953
    Expenses
    $6,007,923
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $6,561,111
    Expenses
    $6,382,051
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $6,286,501
    Expenses
    $6,207,722
    Assets (EOY)
    $8,667,146

  • 2020 · 990

    Revenue
    $5,707,826
    Expenses
    $6,345,645
    Assets (EOY)
    $5,168,985

  • 2019 · 990

    Revenue
    $5,617,451
    Expenses
    $5,028,533
    Assets (EOY)
    $4,733,245

  • 2018 · 990

    Revenue
    $4,915,795
    Expenses
    $5,170,582
    Assets (EOY)
    $3,970,692

  • 2017 · 990

    Revenue
    $4,273,010
    Expenses
    $4,390,309
    Assets (EOY)
    $3,326,580

  • 2016 · 990

    Revenue
    $3,647,424
    Expenses
    $3,487,501
    Assets (EOY)
    $3,085,791

  • 2015 · 990

    Revenue
    $3,903,815
    Expenses
    $4,054,318
    Assets (EOY)
    $2,796,302

  • 2014 · 990

    Revenue
    $3,358,769
    Expenses
    $3,467,983
    Assets (EOY)
    $2,289,537

  • 2013 · 990

    Revenue
    $2,528,977
    Expenses
    $2,430,237
    Assets (EOY)
    $1,899,778

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,564,496
    Assets (EOY)
    $1,707,360

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • UFICO LLC

    GENERAL PARTNER/MANAGING PARTNER · FL · income $0 · assets $0

Related partnerships on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.