UNIVERSITY OF AKRON FOUNDATION

As filed

Subsection

03

NTEE code

B110

Classification

1000

Street

302 BUCHTEL MALL

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

• A CORNERSTONE OF THE UNIVERSITY OF AKRON FOUNDATION'S MISSION IS THE DEDICATED STEWARDSHIP OF DONOR-ESTABLISHED ENDOWMENTS. BY CAREFULLY HONORING THE PHILANTHROPIC INTENT OF OUR DONORS, THE FOUNDATION PLAYS A PIVOTAL ROLE IN EXPANDING STUDENT ACCESS THROUGH VITAL FINANCIAL AID. IN THE FISCAL YEAR ENDING JUNE 30, 2025, THIS COMMITMENT TRANSLATED INTO SUPPORT FOR APPROXIMATELY 1,000 SCHOLARSHIP ACCOUNTS ACROSS THE UNIVERSITY, ENSURING THAT DONOR LEGACIES CONTINUE TO EMPOWER THE NEXT GENERATION OF STUDENTS.

  Expenses $4,656,723 · Grants $4,656,723

• ACADEMIC/ADMINISTRATIVE SUPPORT:: THE UNIVERSITY OF AKRON FOUNDATION PROVIDES MANY OPPORTUNITIES FOR STUDENTS AND FACULTY TO GROW AND EXCEL THROUGH ACADEMIC SUPPORT. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE FOUNDATION HELPED FUND APPROXIMATELY 100 COLLEGE AND DEPARTMENT ACCOUNTS, 14 ACADEMIC CHAIR ACCOUNTS, 19 LECTURESHIP ACCOUNTS, 30 FELLOWSHIP ACCOUNTS, 12 INTERNSHIP ACCOUNTS, 10 PROFESSORSHIP ACCOUNTS, 8 CENTER ACCOUNTS, AND 4 INSTITUTE ACCOUNTS.

  Expenses $4,407,178 · Grants $4,407,178

• PHYSICAL IMPROVEMENTS AND OPERATIONAL SUPPORT: THE UNIVERSITY OF AKRON FOUNDATION CONTINUES TO SUPPORT THE UNIVERSITY OF AKRON CAMPUS ENHANCEMENTS BY FUNDING OR HELPING TO FUND PHYSICAL IMPROVEMENTS. IN 2024-25, THE SPENDING FOR THE THREE LARGEST FACILITY IMPROVEMENTS WERE THE FOLLOWING:1) $1,555,361 POLSKY BUILDING RENOVATION2) $392,0527 HOWER HOUSE OPERATIONS3) $147,500 ATHLETICS TRACK RENOVATION

  Expenses $4,342,589 · Grants $4,342,589

• AUXILIARY PROGRAMS: THE UNIVERSITY OF AKRON FOUNDATION PROVIDED DONOR-DESIGNATED FINANCIAL ASSISTANCE FOR A BROAD RANGE OF UNIVERSITY FUNCTIONS AND FACILITIES. SOME OF THESE INCLUDED INTERNSHIPS, LECTURESHIPS, AND FACILITY MAINTENANCE ITEMS.

  Expenses $2,443,687 · Grants $2,443,687

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.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $34,589,377

  Expenses

  $23,480,054

  Contributions

  $18,572,532

  Grants paid

  $15,850,177

• 2023

  Revenue

  $26,360,400

  Expenses

  $24,843,394

  Contributions

  $18,610,427

  Grants paid

  $18,921,858

• 2022

  Revenue

  $16,632,940

  Expenses

  $18,797,090

  Contributions

  $9,849,379

  Grants paid

  $13,684,494

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

• 2024 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2023 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2022 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $26,694,571

  Expenses

  $17,424,752

  Assets (EOY)

  $239,703,778

• 2021 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2020 · 990

  Revenue

  $29,706,215

  Expenses

  $16,434,477

  Assets (EOY)

  $253,522,998

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $14,662,521

  Expenses

  $16,001,825

  Assets (EOY)

  $205,506,114

• 2018 · 990

  Revenue

  $19,069,169

  Expenses

  $24,105,670

  Assets (EOY)

  $211,749,572

• 2017 · 990

  Revenue

  $34,558,263

  Expenses

  $19,676,287

  Assets (EOY)

  $221,103,070

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

• THE UNIVERSITY OF AKRON

  $18,921,858

  2023 · SEE PART IV

• THE UNIVERSITY OF AKRON

  $15,850,177

  2024 · SEE PART IV

• THE UNIVERSITY OF AKRON

  $13,684,493

  2022 · SEE PART IV

Where these grants went next →

Grants received

• THE MIAMI FOUNDATION INC

  $2,490,405

  2025 · PROGRAM SUPPORT

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $1,501,494

  2023 · For grant recipient's exempt purposes

• AKRON COMMUNITY FOUNDATION

  $435,602

  2023 · TO SUPPORT DEVELOPING HEROES: IN-SCHOOL GROUP MENTORING FOR URBAN ADOLESCENTS IN AKRON

• AKRON COMMUNITY FOUNDATION

  $373,869

  2024 · FOR GENERAL PROGRAM SUPPORT

• AKRON COMMUNITY FOUNDATION

  $348,203

  2022 · TO SUPPORT SUMMIT COUNTY K-3 TEACHERS IN EVIDENCE-BASED READING INSTRUCTION FOR AT-RISK READERS THROUGH AN EQUITY-INFORMED MULTI-TIERED SYSTEM OF SUPPORTS

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $264,325

  2022 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $210,325

  2024 · For grant recipient's exempt purposes

• THE MIAMI FOUNDATION INC

  $184,637

  2023 · PROGRAM SUPPORT

• THE MIAMI FOUNDATION INC

  $179,592

  2022 · PROGRAM SUPPORT

• DONOR ADVISED CHARITABLE GIVING

  $152,050

  2024 · EDUCATION

The 10 largest by cash amount. The API serves every itemized grant.

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.

Other IRS files