EIN 58-1505902

The University Financing Foundation

IRS 501(c) type
501(c)(3)
Num. employees
22
State
Year formed
1987
Most recent tax filings
2022-12-01
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
$70,788,810
2022
Total expenses
$61,322,399
2022
Total assets
$708,479,784
2022
Num. employees
22
2022

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 State University FoundationGeneral Support$2,750,000
Georgia Advanced Technology VenturesGeneral Support$75,000
Georgia Tech FoundationGeneral Support$60,000
...and 29 more grants made totalling $3,000,485

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 T ByrneChief Executive Officer$945,000
Michael K HairVice President - Finance$94,180
Victor R ClementsSenior Vice President - Administration / Vice - President Administration / Vice President - Administration$437,500
Jordan PetersonVice President - Real Estate$158,732
Kelly BillingsDirector of Communications and Brand Management$81,300
...and 9 more key personnel

Financials for The University Financing Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$2,235,560
Net rental income$-14,753,458
Net gain from sale of non-inventory assets$15,642,494
Gross sales of inventory$0
Miscellaneous revenues$42,014,947
Total revenues$70,788,810

Form 990s for The University Financing Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-15990PFView PDF
2018-122020-01-28990PFView PDF
...and 7 more Form 990s

Organizations like The University Financing Foundation

OrganizationLocationRevenue
Global Action to End SmokingNew York, NY$142,827,333
Bainum Family FoundationBethesda, MD$50,008,492
Ewing Marion Kauffman FoundationKansas City, MO$112,688,316
Lumina FoundationIndianapolis, IN$103,090,471
Fund Ii FoundationWashington, DC$21,265,753
Kresge FoundationTroy, MI$244,988,163
Stuart FoundationSan Francisco, CA$19,491,342
Colcom FoundationPittsburgh, PA$23,457,577
HN and Frances C Berger FoundationPalm Desert, CA$63,534,141
Democracy FundWashington, DC$68,592,390
Data update history
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
December 25, 2023
Used new vendors
Identified 1 new vendor, including
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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