University of South Florida Foundation
University of South Florida Foundation reported $187.8 million in revenue and $80.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.00 went to program services, $9.76 to management and general costs and $3.24 to fundraising. Its largest source of revenue was investment income: 50.4% of the total. The highest compensation it reported for one person was $1,424,357 (PRESIDENT, UNIVERSITY OF SOUTH FLORIDA). Revenue rose 58% 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 $81MFor 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 $188M- Contributions & grants (non-government)$48.38 $91M
- Program service revenue$1.27 $2.4M
- Investment income$50.35 $95M
Other revenue was negative: −$320K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 48.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,424,357 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.76% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 144.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 38 of 41 | 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 foundation serves as the official legal conduit for the acceptance, investment, and distribution of private gifts in support of the activities and programs of the University of South Florida which includes the colleges, campuses, health, athletics, and other appropriate university-related units. Support is given to usf by providing funding for the endowed chairs, grants and student scholarships among other activities
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, UNIVERSITY OF SOUTH FLORIDA Director/trustee, 5.0 hrs/week | $0 | $1,119,451 | $304,906 | $1,424,357 |
| USF EXEC VP & PROVOST Director/trustee, 5.0 hrs/week | $0 | $779,190 | $52,917 | $832,107 |
| SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION Officer, 40.0 hrs/week | $0 | $726,351 | $98,747 | $825,098 |
| USF CFO Director/trustee, 5.0 hrs/week | $0 | $489,434 | $41,968 | $531,402 |
| Regional Chancellor Highest compensated employee, 40.0 hrs/week | $0 | $348,805 | $26,845 | $375,650 |
| VICE PRESIDENT OF UNIVERSITY ADVANCEMENT AND COO Officer, 40.0 hrs/week | $0 | $326,306 | $38,755 | $365,061 |
| PRINCIPAL GIFT OFFICER Highest compensated employee, 40.0 hrs/week | $0 | $321,329 | $38,046 | $359,375 |
| Regional Chancellor Highest compensated employee, 40.0 hrs/week | $0 | $307,207 | $46,577 | $353,784 |
0 people received more than $100,000 in reportable compensation from University of South Florida 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–1b41 · 38 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 15aNo
- 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 6897
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Barr & Barr Inc Design & preconstruction services | $1,906,938 |
| Tampa Bay Arena LLC Entertainment/fundraising services | $339,760 |
| ELLUCIAN COMPANY LP Crm system conversion | $292,152 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
41 private foundations reported grants to University of South Florida Foundation totaling $3.0M 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 South Florida 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 South Florida Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of South Florida Foundation spent in FY2025, $87.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Stevenson UniversityOwings Mills, MD · revenue $188M · programs 88.8% · FY2025
- University of Maryland College Park FoundationCollege Park, MD · revenue $188M · programs 98.5% · FY2025
- The Lutheran University AssociationValparaiso, IN · revenue $188M · programs 94.5% · FY2025
- Success Academy Charter SchoolsNew York, NY · revenue $188M · programs 84.3% · FY2025
- Arcadia UniversityGlenside, PA · revenue $188M · programs 82.8% · FY2025
Questions people ask
How much of University of South Florida Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of South Florida Foundation reported that 87.0% of its $80.9 million in expenses went to program services, 9.8% to management and general and 3.2% to fundraising (Form 990, Part IX).
How much does University of South Florida Foundation pay its top executive?
The largest total compensation University of South Florida Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,424,357, for the role of PRESIDENT, UNIVERSITY OF SOUTH FLORIDA (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of South Florida Foundation get its money?
Of $187.8 million in revenue in the fiscal year ending June 30, 2025, 48.5% came from contributions and grants and 1.3% from program service revenue (Form 990, Part VIII).
Is University of South Florida Foundation a registered charity?
The IRS lists EIN 59-0879015 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 202621319349303082 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501339349306855 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349313863 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349302906 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349306068 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349305822 · read the filing
All filings for EIN 59-0879015: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.