University of Illinois Foundation
University of Illinois Foundation reported $614.5 million in revenue and $390.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.02 went to program services, $13.74 to management and general costs and $6.24 to fundraising. Its largest source of revenue was contributions and grants: 55.7% of the total. The highest compensation it reported for one person was $1,155,964 (Chief Investment Officer). 52 people received more than $100,000 in reportable compensation. Revenue rose 74% 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 $390MFor 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 $614MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 55.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,155,964 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.30% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 52 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 110.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 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 expenseThe University of Illinois Foundation makes distributions to the University of Illinois which uses these distributions in accordance with donor intent for many purposes, including student support, faculty support, and research
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 |
|---|---|---|---|---|
| Chief Investment Officer Officer, 40.0 hrs/week | $1,093,094 | $0 | $62,870 | $1,155,964 |
| President & CEO Officer, 40.0 hrs/week | $1,005,232 | $0 | $60,170 | $1,065,402 |
| Managing Director Key employee, 40.0 hrs/week | $743,910 | $0 | $58,827 | $802,737 |
| Managing Director Key employee, 40.0 hrs/week | $744,636 | $0 | $51,121 | $795,757 |
| Managing Director Key employee, 40.0 hrs/week | $636,516 | $0 | $56,271 | $692,787 |
| Senior Director Key employee, 40.0 hrs/week | $367,959 | $0 | $157,886 | $525,845 |
| Treasurer & COO Officer, 40.0 hrs/week | $383,671 | $0 | $64,519 | $448,190 |
| VC Health Affairs Highest compensated employee, 40.0 hrs/week | $333,217 | $0 | $44,924 | $378,141 |
52 people received more than $100,000 in reportable compensation from University of Illinois Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.8M (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–1b21 · 21 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 4No
- 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 5210
- Volunteers Part I, line 6947
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Berglund Construction Company Design-Build/General Construction | $2,485,561 |
| Collegiate Peaks Asset Management LLC Investment Management | $1,962,942 |
| Wasserstein Debt Opportunities MGMT LP Investment Management | $1,182,127 |
| ShawSpring Partners LLC Investment Management | $843,957 |
| Dorsey Asset Management LLC Investment Management | $751,554 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
150 private foundations reported grants to University of Illinois Foundation totaling $7.2M 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 University of Illinois 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 University of Illinois Foundation, you can publish a response that is linked from this page.
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Of every $100 University of Illinois Foundation spent in FY2025, $80.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Big 12 ConferenceIrving, TX · revenue $611M · programs 96.4% · FY2025
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- Harmony Public SchoolsHouston, TX · revenue $610M · programs 93.4% · FY2025
- Seton Hall UniversitySouth Orange, NJ · revenue $657M · programs 88.3% · FY2025
- University of California Berkeley FoundationBerkeley, CA · revenue $606M · programs 96.3% · FY2025
Questions people ask
How much of University of Illinois Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Illinois Foundation reported that 80.0% of its $390.3 million in expenses went to program services, 13.7% to management and general and 6.2% to fundraising (Form 990, Part IX).
How much does University of Illinois Foundation pay its top executive?
The largest total compensation University of Illinois Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,155,964, for the role of Chief Investment Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Illinois Foundation get its money?
Of $614.5 million in revenue in the fiscal year ending June 30, 2025, 55.7% came from contributions and grants and 1.4% from program service revenue (Form 990, Part VIII).
Is University of Illinois Foundation a registered charity?
The IRS lists EIN 37-6006007 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 202631359349306108 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541259349303159 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401239349301400 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341159349300419 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200849349301005 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110739349300511 · read the filing
All filings for EIN 37-6006007: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.