UNLV Foundation

What it reported doing in 2024

SIGNS POINT TO A BRIGHT FUTURE FOR UNLV This past year has been one of remarkable momentum and growth for UNLV and the UNLV Foundation. Our campus welcomed a record-setting 33,000 students this fall, continuing a three-year enrollment streak and affirming the confidence that students and families place in the value of a UNLV degree. More than half of our graduates are the first in their families to earn a bachelor's degree, and their success stories demonstrate the transformative power of education in shaping lives and strengthening Nevada's future. The Rebel community has also rallied behind bold philanthropy, fueling extraordinary achievements. We saw historic fundraising milestones, including a $13 million gift to expand the Lynn Bennett Early Childhood Education Center-doubling opportunities for our youngest Rebels-and the launch of the Sands Institute for Chinese Language and Culture at UNLV and the Kerestesi Center for Insurance and Risk Management, opening new career pathways for our students. Our Annual Dinner more than doubled last year's fundraising totals, Rebels Give soared beyond expectations, and overall giving increased by 40% over the prior year. These results reflect the trust our community places in UNLV's leadership and vision. The impact extends across every corner of campus. In FY25, donors contributed more than $72.6 million in new gifts, pledges, and services, advancing student success, research excellence, and economic development. The Office of the Provost led the year with $15.1 million raised, while Athletics and the College of Fine Arts both raised over $5.6 million. The Foundation's endowment also grew to $393.4 million, an 113.6% increase over the past decade, ensuring long-term support for our mission. Together, all these successes demonstrate the strength, resilience, and generosity of the Rebel family. They are more than numbers; they represent lives changed, opportunities created, and confidence in a brighter future. On behalf of the Foundation, thank you for believing in UNLV and for helping us shape Nevada's future.

Financial Efficiency

• Mission deployment rate: 73%; rating input score 73
• Program expense ratio: 76.8%; rating input score 77
• Fundraising efficiency: $14.18 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 19.7%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 7.46; rating input score 89; 89th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 95; 95th percentile among comparable filings
• Officer compensation ratio: 3%; rating input score 38; 38th percentile among comparable filings

Growth

• Program expense growth: 4.2% per year; rating input score 100; 33rd percentile among comparable filings
• Revenue growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 6.2% per year; rating input score 100; 46th percentile among comparable filings