THE UNIVERSITY OF TOLEDO FOUNDATION Charity Report

Public IRS 990 nonprofit record

THE UNIVERSITY OF TOLEDO FOUNDATION

EIN 34-6555110 · Education (B110)

What they do

ALIGNING DONOR PASSION and GENEROSITY to ADVANCE THE UNIVERSITY of TOLEDO THROUGH FUNDRAISING, STEWARDSHIP, and PRUDENT ASSET MANAGEMENT to PROVIDE SCHOLARSHIP OPPORTUNITIES for STUDENTS, TIER ONE ATHLETIC PROGRAMS, EDUCATION EVENTS ENLISTING ACADEMIC and TECHNICAL SCHOLARS IN THE FIELDS of STEM, BUSINESS, MEDICINE, and FINE ARTS, AS WELL AS SUPPORTING MAIN CAMPUS and HOSPITAL INFRASTRUCTURE, STATE of THE ART MEDICAL TECHNOLOGY, and WORLD-CLASS RESEARCH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $58.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.67%of revenue went to mission work58.5% of expenses · Program services

14.00%of revenue went to fundraising19.2% of expenses

$72.90spent for every $100 of revenueRevenue covered expenses this year.

16.23%of revenue went to management and office costs22.3% of expenses

$28.62in assets for every $1 spent this yearSome assets cannot be spent right away.

36.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $371,595 for FLOYD AKINS (VP OF ADVANCEMENT (THROUGH 01/2025)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$40,509,886

Mission workProgram services$17,284,67242.67% of revenue58.5% of expenses

ManagementOffice and general costs$6,575,74716.23% of revenue22.3% of expenses

FundraisingAsking for donations$5,669,64414.00% of revenue19.2% of expenses

Revenue left after expensesReported annual surplus$10,979,82327.10% of revenueShown in gray on the chart

Total expenses$29,530,06372.90% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 58.5% mission · 22.3% management · 19.2% fundraisingTotal expenses: 72.90% of revenue

2023Expense mix: 63.1% mission · 18.0% management · 19.0% fundraisingTotal expenses: 82.47% of revenue

2022Expense mix: 64.9% mission · 15.6% management · 19.4% fundraisingTotal expenses: 94.23% of revenue

2021Expense mix: 66.2% mission · 16.1% management · 17.6% fundraisingTotal expenses: 87.79% of revenue

2020Expense mix: 62.2% mission · 18.9% management · 18.9% fundraisingTotal expenses: 51.51% of revenue

2019Expense mix: 66.8% mission · 14.8% management · 18.4% fundraisingTotal expenses: 60.32% of revenue

2018Expense mix: 70.5% mission · 14.7% management · 14.8% fundraisingTotal expenses: 75.11% of revenue

2017Expense mix: 72.0% mission · 15.1% management · 12.9% fundraisingTotal expenses: 35.80% of revenue

Money in and money out

Revenue$40,509,886

Expenses$29,530,063

Annual surplus $10,979,823 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,284,672 · 58.5% of expenses

Management and office costs$6,575,747 · 22.3% of expenses

Fundraising$5,669,644 · 19.2% of expenses

See all reported dollar amounts

Revenue$40,509,886

Expenses$29,530,063

Assets$845,033,402

Income$158,015,531

Contributions$14,882,419

Mission work (program services)$17,284,672

Fundraising$5,669,644

Grants given$99,231,405

Average grant$8,269,284

Management and general$6,575,747

Stocks and bonds$478,893,067

Accounting fees$86,266

Investing fees$1,039,834

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

FLOYD AKINSVP OF ADVANCEMENT (THROUGH 01/2025) · 40 hrs/week $371,595Base $273,648 · Other $97,947

BRENDA S LEEPRESIDENT · 38 hrs/week $316,373Base $283,851 · Other $32,522

WILLIAM PIERCEASSOCIATE VP OF ALUMNI ENG · 10 hrs/week $239,626Base $203,522 · Other $36,104

BARB FISCHERASSOCIATE VP OF ADVANCEMEN · 40 hrs/week $220,412Base $185,385 · Other $35,027

RANDY ROTHENBUHLERCFO · 35 hrs/week $218,936Base $185,499 · Other $33,437

DAVID ZELENKAASSOCIATE VP OF HEALTH FIN · 40 hrs/week $214,791Base $190,337 · Other $24,454

JENNIFER SCHAEFERDIRECTOR OF DEVELOPMENT · 40 hrs/week $194,662Base $149,721 · Other $44,941

MAREN KURTZASSOCIATE VP OF HR & ADV. · 40 hrs/week $192,691Base $161,151 · Other $31,540

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

FLOYD AKINSVP OF ADVANCEMENT (THROUGH 01/2025)

BRENDA S LEEPRESIDENT

WILLIAM PIERCEASSOCIATE VP OF ALUMNI ENG

BARB FISCHERASSOCIATE VP OF ADVANCEMEN

RANDY ROTHENBUHLERCFO

DAVID ZELENKAASSOCIATE VP OF HEALTH FIN

JENNIFER SCHAEFERDIRECTOR OF DEVELOPMENT

MAREN KURTZASSOCIATE VP OF HR & ADV.

NANCY MILLERVICE-CHAIR

YVONNE MCNULTYTREASURER

RASESH SHAHTRUSTEE

ROBERT BLEILETRUSTEE

ROBERT SCHOONMAKERTRUSTEE

ROBIN WHITNEYTRUSTEE

SHAWN NELSONTRUSTEE

SHERI BOKROSTRUSTEE

STEVEN REINBOLTTRUSTEE

SUSAN PAYDENCHAIR

THOMAS WAKEFIELDTRUSTEE

TIFFANY CAVANAUGHTRUSTEE

ANDREW SWINERTONEX-OFFICIO

NADEEM SALEMSECRETARY

MYRON DUHARTTRUSTEE

MUI-LING Y DONGTRUSTEE

MATTHEW SCHROEDEREX-OFFICIO

MATTHEW RUBINTRUSTEE

MARTIN SUTTERTRUSTEE

JEFFREY COLETRUSTEE

JEAN LOVEJOYTRUSTEE

JAMES JAROSTRUSTEE

JAMES CALDWELLTRUSTEE

GEORGE LATHROPTRUSTEE

EVA MCQUILLENTRUSTEE

DAVID NOTTKETRUSTEE

BRADLEY J RIEGERTRUSTEE

About this charity

Recognized since: January 1964
Location: 4510 DORR ST, TOLEDO, OH 43615-4040
County: Lucas
In care of: % BRENDA S LEE
Primary officer: DEREK GROVES, INTERIM PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailutfoundation@utoledo.edu Phone(419) 530-7730

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes