The University of Akron Foundation
The University of Akron Foundation reported $34.6 million in revenue and $23.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $67.50 went to program services, $28.54 to management and general costs and $3.96 to fundraising. Its largest source of revenue was contributions and grants: 53.7% of the total. The highest compensation it reported for one person was $472,806 (EX-OFFICIO DIRECTOR). 6 people received more than $100,000 in reportable compensation. Revenue rose 136% 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 $23MFor 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 $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 67.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 28.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 53.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $472,806 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.01% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 155.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 37 of 37 | 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 expenseA 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
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
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
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 |
|---|---|---|---|---|
| EX-OFFICIO DIRECTOR Officer, 0.40 hrs/week | $0 | $411,629 | $61,177 | $472,806 |
| EX-OFFICIO DIRECTOR - LEFT MAY 2025 Officer, 0.40 hrs/week | $0 | $351,214 | $77,886 | $429,100 |
| EXECUTIVE DIRECTOR Officer, 39.00 hrs/week | $0 | $181,510 | $48,489 | $229,999 |
| EX-OFFICIO DIRECTOR Officer, 0.40 hrs/week | $0 | $167,807 | $57,159 | $224,966 |
| ASSISTANT TREASURER Officer, 39.00 hrs/week | $0 | $105,258 | $15,000 | $120,258 |
6 people received more than $100,000 in reportable compensation from The University of Akron Foundation (Part VII, line 2).
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–1b37 · 37 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 6785
Private foundation grants it received
37 private foundations reported grants to The University of Akron Foundation totaling $13M 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 Akron 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 Akron Foundation, you can publish a response that is linked from this page.
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Of every $100 The University of Akron Foundation spent in FY2025, $67.50 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- College PossibleSaint Paul, MN · revenue $35M · programs 80.5% · FY2025
- The Browning SchoolNew York, NY · revenue $35M · programs 71.5% · FY2025
- Bentley SchoolLafayette, CA · revenue $35M · programs 83.2% · FY2025
- Crown CollegeSt Bonifacius, MN · revenue $35M · programs 85.4% · FY2025
- Conservative Partnership InstituteWashington, DC · revenue $34M · programs 79.1% · 2024
Questions people ask
How much of The University of Akron Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, The University of Akron Foundation reported that 67.5% of its $23.5 million in expenses went to program services, 28.5% to management and general and 4.0% to fundraising (Form 990, Part IX).
How much does The University of Akron Foundation pay its top executive?
The largest total compensation The University of Akron Foundation reported for one person in the fiscal year ending June 30, 2025 was $472,806, for the role of EX-OFFICIO DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The University of Akron Foundation get its money?
Of $34.6 million in revenue in the fiscal year ending June 30, 2025, 53.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The University of Akron Foundation a registered charity?
The IRS lists EIN 34-6575496 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202601209349300225 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511159349302131 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411239349301231 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349303091 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201309349302565 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349303851 · read the filing
All filings for EIN 34-6575496: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.