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University of Vermont and State Agricultural College Foundation

Burlington, VT · EIN 45-1556038 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

University of Vermont and State Agricultural College Foundation reported $75.8 million in revenue and $46.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $69.00 went to program services, $7.18 to management and general costs and $23.82 to fundraising. Its largest source of revenue was contributions and grants: 56.1% of the total. The highest compensation it reported for one person was $471,972 (DIRECTOR/EX OFFICIO/FNDN PRES). 29 people received more than $100,000 in reportable compensation. Revenue rose 73% 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 $46M

For 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 $76M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
69.0%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
7.2%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
23.8%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.26$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
56.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
16.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$471,972$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.02%1.28%
People paid over $100,000
Part VII, line 2
298
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
105.413.3
Independent voting board members
Part VI 1a–1b
25 of 26100.0%

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 expense
$30M expenses · 94.8% of program spending · grants $30M · revenue $13M

The foundation's primary function is to raise, receive, and manage funds for scholarships, professorships, and facilities and other support for the benefit of the University of Vermont and State agricultural college and by otherwise performing support functions that carry out its charitable, scientific, educational, or other exempt purposes

$1.6M expenses · 5.2% of program spending · revenue $35,228

Alumni are offered opportunities to attend social and educational events for an admission fee that covers, at the most, direct expenses, but never covers all expenses. Events include alumni reunions, homecomings, baseball games, tennis matches, dances, etc

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
DIRECTOR/EX OFFICIO/FNDN PRES
Director/trustee, officer, 43.00 hrs/week
$407,173$0$64,799$471,972
VP & CHIEF DEVELOPMENT OFFICER
Key employee, 40.00 hrs/week
$321,082$0$59,591$380,673
VP & CHIEF PEOPLE OFFICER
Officer, 40.00 hrs/week
$253,247$0$59,860$313,107
VP & CFO
Officer, 40.00 hrs/week
$265,287$0$42,281$307,568
VP & CHIEF INFORMATION OFFICER
Officer, 40.00 hrs/week
$254,364$0$52,920$307,284
ASSISTANT VP DEV/CORPS & FNDNS
Highest compensated employee, 40.00 hrs/week
$206,348$0$44,800$251,148
ASSISTANT VP OF DEVELOPMENT
Highest compensated employee, 40.00 hrs/week
$184,939$0$53,376$238,315
ASSISTANT VP OF DEVELOPMENT
Highest compensated employee, 40.00 hrs/week
$188,659$0$34,739$223,398

29 people received more than $100,000 in reportable compensation from University of Vermont and State Agricultural College Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$76M$46M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$76M$46M69.0%$405M$471,972
FY2024 ⓘ$62M$40M64.5%$366M$440,151
FY2023 ⓘ$63M$37M67.7%$332M$309,602
FY2022 ⓘ$70M$34M69.3%$312M$339,390
FY2021 ⓘ$103M$27M67.8%$297M$434,995
FY2020 ⓘ$44M$37M74.7%$187M$434,905

Governance 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–1b26 · 25 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 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 596
  • Volunteers Part I, line 66,387

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
UNIVERSITY OF VERMONT
Print, tuition, repa
$502,176
UNIVERSITY OF VERMONT MEDICAL CENTER
Leased employees
$312,546
ELLUCIAN COMPANY LP
Software
$292,455
GIVECAMPUS
Software
$195,796
MARKETING COMMUNICATION RESOURCE INC
Print & mail service
$142,709

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

10 private foundations reported grants to University of Vermont and State Agricultural College Foundation totaling $726K 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 Vermont and State Agricultural College 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 Vermont and State Agricultural College Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Vermont

Questions people ask

How much of University of Vermont and State Agricultural College Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, University of Vermont and State Agricultural College Foundation reported that 69.0% of its $46.1 million in expenses went to program services, 7.2% to management and general and 23.8% to fundraising (Form 990, Part IX).

How much does University of Vermont and State Agricultural College Foundation pay its top executive?

The largest total compensation University of Vermont and State Agricultural College Foundation reported for one person in the fiscal year ending June 30, 2025 was $471,972, for the role of DIRECTOR/EX OFFICIO/FNDN PRES (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does University of Vermont and State Agricultural College Foundation get its money?

Of $75.8 million in revenue in the fiscal year ending June 30, 2025, 56.1% came from contributions and grants and 16.7% from program service revenue (Form 990, Part VIII).

Is University of Vermont and State Agricultural College Foundation a registered charity?

The IRS lists EIN 45-1556038 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 202601259349302800 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531119349300308 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441299349302154 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349300634 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221299349303672 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349306972 · read the filing

All filings for EIN 45-1556038: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.