The University of Connecticut Foundation
The University of Connecticut Foundation reported $139.3 million in revenue and $113.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $56.61 went to program services, $21.52 to management and general costs and $21.87 to fundraising. Its largest source of revenue was investment income: 44.6% of the total. The highest compensation it reported for one person was $639,610 (PRESIDENT AND CEO). 47 people received more than $100,000 in reportable compensation. Revenue rose 57% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $114MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $139MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 56.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 21.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.41 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 43.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 11.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $639,610 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.56% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 47 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 93.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 30 of 31 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseScholarships, awards and fellowships - the University of Connecticut Foundation, inc. Receives gifts on behalf of donors restricted to the support of financial aid for University of Connecticut students. To ensure compliance with all university, federal and state financial aid requirements, the university selects the student recipients and makes the awards directly to students. After receiving appropriate documentation from the university, the foundation provides grants to the university to fund financial aid expenditures. The expenditures are funded from investment income earned on endowment…
Program services - the University of Connecticut Foundation, inc. Receives gifts on behalf of donors restricted to the support of programs at the University of Connecticut. Generally, the expenditure is made to the vendor directly by the university with the foundation then providing a grant to the university to fund the expenditure after receiving appropriate documentation. Occasionally the foundation will pay the vendor directly
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Director/trustee, officer, 40.00 hrs/week | $588,651 | $0 | $50,959 | $639,610 |
| SVP FINANCE AND CFO Officer, 40.00 hrs/week | $398,470 | $0 | $60,008 | $458,478 |
| SVP ADVANCEMENT SERVICES (THRU 7/24) Officer, 40.00 hrs/week | $387,860 | $0 | $34,459 | $422,319 |
| CPO & SVP ALUMNI RELATIONS Key employee, 40.00 hrs/week | $345,917 | $0 | $63,288 | $409,205 |
| GENERAL COUNSEL Highest compensated employee, 40.00 hrs/week | $317,260 | $0 | $30,441 | $347,701 |
| SVP ADVANCEMENT SERVICES Highest compensated employee, 40.00 hrs/week | $282,173 | $0 | $27,167 | $309,340 |
| SVP HEALTH SCIENCES Highest compensated employee, 40.00 hrs/week | $223,943 | $0 | $51,948 | $275,891 |
| VP SCHOOL AND PROGRAM GIVING Highest compensated employee, 40.00 hrs/week | $217,603 | $0 | $49,760 | $267,363 |
47 people received more than $100,000 in reportable compensation from The University of Connecticut Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 30 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5260
- Volunteers Part I, line 6310
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| APOLLOJETS LLC Chartering services | $1,157,161 |
| BLACKROCK FINANCIAL MANAGEMENT INC Advisory services | $1,000,000 |
| ENDEAVOR ON LOCATION EVENTS PARENT LLC Hospitality services | $563,811 |
| STEPSTONE GROUP LP Advisory services | $475,000 |
| HURON CONSULTING SERVICES LLC Consulting services | $453,423 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Private foundation grants it received
61 private foundations reported grants to The University of Connecticut Foundation totaling $12M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The University of Connecticut Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The University of Connecticut Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The University of Connecticut Foundation spent in FY2025, $56.61 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- California College of the ArtsSan Francisco, CA · revenue $139M · programs 82.1% · FY2025
- Allegheny CollegeMeadville, PA · revenue $139M · programs 88.9% · FY2025
- Ringling College of Art and DesignSarasota, FL · revenue $139M · programs 87.1% · FY2025
- Ohio Virtual AcademyMaumee, OH · revenue $140M · programs 82.3% · FY2025
- Centre CollegeDanville, KY · revenue $139M · programs 89.8% · FY2025
Questions people ask
How much of The University of Connecticut Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, The University of Connecticut Foundation reported that 56.6% of its $113.5 million in expenses went to program services, 21.5% to management and general and 21.9% to fundraising (Form 990, Part IX).
How much does The University of Connecticut Foundation pay its top executive?
The largest total compensation The University of Connecticut Foundation reported for one person in the fiscal year ending June 30, 2025 was $639,610, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The University of Connecticut Foundation get its money?
Of $139.3 million in revenue in the fiscal year ending June 30, 2025, 43.7% came from contributions and grants and 11.7% from program service revenue (Form 990, Part VIII).
Is The University of Connecticut Foundation a registered charity?
The IRS lists EIN 06-6070722 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202630489349301603 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500459349301335 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440469349301404 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310469349302161 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240469349302054 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130479349300508 · read the filing
All filings for EIN 06-6070722: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.