Overview
What is The University Of Tennessee Foundation Inc?
The University of Tennessee Foundation Inc, located at 1525 University Avenue Room 223, Knoxville, Tennessee, is a nonprofit organization dedicated to enhancing the lives of students, faculty, staff, alumni, and friends of the University of Tennessee. Through financial stewardship, alumni engagement, and private gift support, the foundation transfers earnings from invested endowment funds to the university for academic purposes, including scholarships, fellowships, libraries, research, and other projects. Additionally, the foundation covers construction, renovation, and various other costs using restricted gifts from donors. The organization, with a employee count of 294, plays a crucial role in supporting the University of Tennessee community.
Official website here: www.utfi.org
Is The University Of Tennessee Foundation Inc legitimate?
The University Of Tennessee Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Tennessee Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $5,285,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,249,653
For more financial information, click here
Official website here: www.utfi.org
What is the mission statement of The University Of Tennessee Foundation Inc?
The University of Tennessee Foundation Inc enriches the lives of students, faculty, staff, alumni, and friends of the University of Tennessee through alumni engagement, financial stewardship, and private gift support. The foundation transfers earnings from invested endowment funds to the university for various academic purposes, such as scholarships, fellowships, libraries, and research. Additionally, the foundation covers the costs of construction and renovation projects using funds from restricted gifts donated by benefactors.
Official website here: www.utfi.org
Who is the CEO of The University Of Tennessee Foundation Inc?
Kerry W Witcher is the President of The University Of Tennessee Foundation Inc.
Official website here: www.utfi.org
What is the revenue of The University Of Tennessee Foundation Inc?
The University Of Tennessee Foundation Inc's revenue in 2022 was $225,358,367.
Official website here: www.utfi.org
Who are the executives of The University Of Tennessee Foundation Inc and what are their salaries?
The average compensation at The University Of Tennessee Foundation Inc during 2022 was $90,255. There are 294 employees and 2,700 volunteers at The University Of Tennessee Foundation Inc.
Here are 46 key members and their salaries:
- William R Bryant Jr (Development)
- Love Collins Iii (Development)
- Woodrow M Henderson (Development)
- Bethany K Goolsby (Development)
- Duane Wiles (Development)
- Kerry W Witcher (President)
- Keith D Barber (Development)
- Kurt J Gulbrand (Development)
- Andrew Thomas Sheehy (Development)
- Brian D Shupe (Development)
- James F Obear (Development)
- Stephen H Catlett (Development)
- Statler S Reagan (Development)
- Michael O Carter (Development)
- Charles Deal (Development)
- Brian Broyles (Development)
- Adam Heller (Treasurer &)
- Benjamin West (Development)
- Michael Mccay (Development)
- A Erick Weber (Development)
- Gregory R Harris (Development)
- Chandra Tuggle (Development)
- Timothy P Lanier (Development)
- Rachael R Leblanc (Secretary)
- Ronald E Frieson (Chair) [Trustee/Director]
- Alan Wilson (Vice Chair) [Trustee/Director]
- Randal D Boyd (Director)
- Hans N Airee (Director)
- Steven Angle (Director)
- Jeannie Beauchamp (Director)
- Isaac Bennett (Director)
- Christopher B Bollinger (Director)
- Karen Bowling (Director)
- Peter Buckley (Director)
- Phillip A Clendenin (Director)
- Kimberly W Cross (Director)
- Robert F Decosimo (Director)
- Doug Haney (Director)
- Judith Herbert (Director)
- Renee Iacona (Director)
- Debbie Ingram (Director)
- Kathy W Ledbetter (Director)
- Emily C Love (Director)
- Charles A Wagner Iii (Director)
- Richard Warren (Director)
- Jamie Woodson (Director)
Official website here: www.utfi.org
Where can I find the form 990 for The University Of Tennessee Foundation Inc?
The The University Of Tennessee Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.utfi.org
Learn more at the official website: www.utfi.org
Mission Statement of The University Of Tennessee Foundation Inc
The University of Tennessee Foundation Inc, a notable organization, enriches the lives of students, faculty, staff, alumni, and friends of the University of Tennessee. It achieves this mission through three key areas: alumni engagement, financial stewardship, and private gift support.
By fostering alumni engagement, the Foundation builds a strong connection between the University and its graduates. This engagement creates opportunities for networking, professional development, and academic advancement. Alumni are encouraged to stay involved with their alma mater, fostering a sense of pride and loyalty.
Financial stewardship is another crucial aspect of the Foundation's mission. Earnings from invested endowment funds are transferred to the University of Tennessee, primarily for scholarly purposes. These funds contribute to the university's academic growth by supporting scholarships, fellowships, libraries, research, and other academic initiatives. Additionally, restricted gifts from donors are paid to the university to cover costs related to construction, renovations, and various projects.
In summary, The University of Tennessee Foundation Inc plays a vital role in enhancing the lives of students, faculty, staff, alumni, and friends of the University of Tennessee. Through strategic investment and dedicated stewardship, the Foundation supports the university's academic achievements and fosters a strong sense of community among its stakeholders.
Impact
This information is meant to be a general summary of The University Of Tennessee Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The University of Tennessee Foundation Inc enriches the lives of students, faculty, staff, alumni, and friends of the University of Tennessee through alumni engagement, financial stewardship, and private gift support. They ensure compliance with donor stipulations by transferring earnings from invested endowment funds to the university, which are then used for scholarships, fellowships, libraries, research, and other academic-related purposes. Additionally, the foundation supports the university by funding various projects including construction and renovations through restricted gifts from donors. Their impact is significant in advancing education and opportunities at the University of Tennessee.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2001
Phone
(865) 974-8926
Principal Officer
Kerry W Witcher
Main Address
1525 UNIVERSITY AVENUE ROOM 223, KNOXVILLE, TN, 379214848
Website
www.utfi.org
NTEE Category
Code: B84 - Education
If you are a representative of The University Of Tennessee Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.