EIN 62-1844686

The University of Tennessee Foundation

Name: The University of Tennessee Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

256

City

Knoxville

State

Tennessee

Year formed

2001

Most recent tax filings

2023-06-01

NTEE code, primary

B84: Alumni Associations

Description

The University of Tennessee Foundation enriches the lives of the university's students, faculty, staff, alumni, and friends through alumni engagement, financial stewardship, and private gift support. Earnings from invested endowment funds are transferred to the university to comply with donor stipulations, supporting scholarships, fellowships, libraries, research, and other academic purposes.

Total revenues

$211,789,117

2023

Total expenses

$159,866,782

2023

Total assets

$879,180,812

2023

Num. employees

256

2023

Program areas at The University of Tennessee Foundation

To comply with donor stipulations, earnings from invested endowment funds were transferred to The University of Tennessee. The earnings will be used for scholarships, fellowships, libraries, research, and other academic related purposes. Also, amounts funded by restricted gifts from donors were paid to The University to cover The costs of construction, renovations and various other projects.

Who funds The University of Tennessee Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Bill and Crissy Haslam Foundation	2022-12	Haslam College Naming Endowment	$2,600,000
The Urban Child Institute	2022-12	Program Support	$2,500,000
The University of Tennesseewest Institute for Cancer Research	2018-12	Cancer Research	$2,500,000
...and 128 more grants received totalling $24,053,114

Personnel at The University of Tennessee Foundation

Name	Title	Compensation	Date of data
Kerry Witcher	President and Chief Executive Officer	$288,185	2024-09-24
Adam Heller	Treasurer and Chief Financial Officer	$188,348	2024-05-14
Kerry Witcher Utfi	Vice President		2022-10-14
Terri Clark	Director of Prospect Development / Director of Prospect Research and Management		2022-10-14
Jackie Wise	Senior Director of Communications		2022-10-14
...and 14 more key personnel

Financials for The University of Tennessee Foundation

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$149,486,966	$157,873,961	-5.3%
Program services	$0	$0	-
Investment income and dividends	$29,563,424	$19,993,991	47.9%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$32,738,727	$47,490,415	-31.1%
Total revenues	$211,789,117	$225,358,367	-6%

Form 990s for The University of Tennessee Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-14	990	View PDF
2022-06	2023-05-15	990	View PDF
2021-06	2022-05-16	990	View PDF
2020-06	2021-05-05	990	View PDF
2019-06	2021-01-21	990	View PDF
...and 10 more Form 990s

Organizations like The University of Tennessee Foundation

Organization	Type	Location	Revenue
The Florida State University Foundation	501(c)(3)	Tallahassee, FL	$96,038,685
University of Central Florida Foundation	501(c)(3)	Orlando, FL	$94,122,372
University of Northern Iowa Foundation	501(c)(3)	Cedar Falls, IA	$54,272,654
Univ of Iowa Center for Advancement	501(c)(3)	Iowa City, IA	$166,983,554
LSU Foundation	501(c)(3)	Baton Rouge, LA	$107,404,676
University of Vermont and State Agricultural COLLEGE Foundation	501(c)(3)	Burlington, VT	$63,417,980
Kansas State University Foundation	501(c)(3)	Manhattan, KS	$185,341,726
The Ohio University Foundation	501(c)(3)	Athens, OH	$85,119,153
University of Nevada Las Vegas (UNLV)	501(c)(3)	Las Vegas, NV	$60,583,337
Stony Brook Foundation	501(c)(3)	Stony Brook, NY	$79,474,546

Data update history

September 24, 2024

Updated personnel

Identified 8 new personnel

August 25, 2024

Received grants

Identified 45 new grant, including a grant for $1,500,000 from The John D Tickle Foundation

July 25, 2024

Updated personnel

Identified 2 new personnel

July 12, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 18, 2024

Received grants

Identified 59 new grant, including a grant for $2,600,000 from Bill and Crissy Haslam Foundation

Nonprofit Types

Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities

Issues

Education

Characteristics

Provides grantsState / local levelEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations

General information

Address: 1525 University Ave Room 223; Knoxville, TN 37921
Metro area: Knoxville, TN
County: Knox County, TN
Website URL: utfi.org/
Phone: (865) 974-8926

IRS details

EIN: 62-1844686
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 2001
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B84: Alumni Associations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

California AB-488 details

AB 488 status: May Operate or Solicit for Charitable Purposes
Charity Registration status: Current
FTB status revoked: Not revoked
AG Registration Number: CT0134313
FTB Entity ID: 3045697
AB 488 data last updated ("as-of") date: 2024-11-20

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The University of Tennessee Foundation

Program areas at The University of Tennessee Foundation

Who funds The University of Tennessee Foundation

Personnel at The University of Tennessee Foundation

Financials for The University of Tennessee Foundation

Form 990s for The University of Tennessee Foundation

Organizations like The University of Tennessee Foundation

Nonprofits

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