EIN 58-1505902

The University Financing Foundation

IRS 501(c) type
501(c)(3)
Num. employees
17
State
Year formed
1987
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The University Financing Foundation finances and acquires charitable and educational facilities and equipment for the benefit of tax-exempt schools. Grantees include Georgia Tech Foundation Inc. The foundation made 45 grants last year. It is a private foundation located in Marietta, GA.
Total revenues
$52,701,961
2023
Total expenses
$48,674,943
2023
Total assets
$499,661,037
2023
Num. employees
17
2023

Program areas at The University Financing Foundation

The Foundation finances and acquires charitable and educational facilities and equipment for The benefit of tax-exempt schools, colleges, and universities and other tax-exempt educational and research organizations; and, consistent with its exempt charitable purposes and functions, The Foundation makes The facilities and equipment available to such tax-exempt organizations at rental or interest rates below cost of market rates for comparable facilities.
The Foundation finances and acquires charitable and educational facilities and equipment for The benefit of tax-exempt schools, colleges, universities and other tax-exempt educational and research organizations and, consistent with its exempt charitable purposes and functions, The Foundation makes The facilities and equipment available to such tax-exempt organizations at rental or interest rates below cost of market rates for comparable facilities.
At The request of two universities, The Foundation renovated a central utility plant located on The campus of one of The universities and uses it to furnish steam, hot water and chilled water to those universities at below cost of market rates.
The Foundation finances and acquires charitable and educational facilities and equipment for The benefit of tax-exempt schools, colleges, universities and other tax-exempt educational and research organizations and, consistent with its exempt charitable purposes and functions, The Foundation makes The facilities and equipment available to such tax-exempt organizations at rental or interest rates below cost of market rates for comparable facilities.
Option agreement revenue from a charitable organization that gives The charitable organization The option to purchase The real estate currently in development with The Foundation.
The Foundation finances and acquires charitable and educational facilities and equipment for The benefit of tax-exempt schools, colleges, universities and other tax-exempt educational and research organizations and, consistent with its exempt charitable purposes and functions, The Foundation makes The facilities and equipment available to such tax-exempt organizations at rental or interest rates below cost of market rates for comparable facilities.

Grants made by The University Financing Foundation

GranteeGrant descriptionAmount
Georgia Tech FoundationGeneral Support$60,000
Association of University Research ParksGeneral Support$25,000
The Community Foundation for Greater AtlantaGeneral Support$20,000
...and 26 more grants made totalling $168,053

Who funds The University Financing Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Community Foundation for Greater AtlantaPublic and Societal Benefit$20,000
Regional Opportunity InitiativesTo Further the Exempt Purpose of the Organization$16,239

Personnel at The University Financing Foundation

NameTitleCompensation
Kevin ByrnePresident and Chief Executive Officer$945,000
Teresa FaillaChief of Staff
Michael K HairVice President - Finance$94,180
Victor ClementsSenior Vice President , Administration$437,500
Dave AndersonVice President , Real Estate
...and 8 more key personnel

Financials for The University Financing Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$2,072,422
Net rental income$18,332,281
Net gain from sale of non-inventory assets$7,339,153
Gross sales of inventory$0
Miscellaneous revenues$25,026,137
Total revenues$52,701,961

Form 990s for The University Financing Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990PFView PDF
2022-122023-11-10990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-15990PFView PDF
...and 8 more Form 990s

Organizations like The University Financing Foundation

OrganizationLocationRevenue
Ewing Marion Kauffman FoundationKansas City, MO$173,769,242
Bainum Family FoundationBethesda, MD$50,008,492
Foundation To Combat Anti-SemitismFoxborough, MA$159,468,916
Packard Humanities InstituteLos Altos, CA$14,352,831
Global Action to End SmokingNew York, NY$142,827,333
The Champlin FoundationPittsburgh, PA$23,809,561
Warren Alpert FoundationProvidence, RI$17,099,482
HN and Frances C Berger FoundationPalm Desert, CA$27,759,670
William Penn FoundationPhiladelphia, PA$108,930,400
Colcom FoundationPittsburgh, PA$23,457,577
Data update history
November 5, 2024
Updated personnel
Identified 5 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $16,239 from Regional Opportunity Initiatives
January 2, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 2, 2024
Updated personnel
Identified 3 new personnel
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $20,000 from The Community Foundation for Greater Atlanta
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsExempt operating foundationsCharities
Issues
Public policy
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donationsAccepts online donations
General information
Address
75 5th St NW Suite 1025
Atlanta, GA 30308
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
County
Fulton County, GA
Website URL
tuff.org/ 
Phone
(404) 214-9440
IRS details
EIN
58-1505902
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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