UVM Foundation
Legal name: University of Vermont and State Agricultural College Foundation Inc
Nonprofit profile at a glance
- EIN
- 451556038
- IRS 990 coverage
- 2012–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Burlington, VT, US
- Phone
- (802) 656-8600
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $75,767,284
- Expenses
- $46,120,948
- Assets
- $419,451,004
- Liabilities
- $14,214,254
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
40 people listed
Highest reported compensation
- MONICA DELISA (DIRECTOR/EX OFFICIO/FNDN PRES): $471,972 total reported compensation
- KATHLEEN KELLEHER (VP & CHIEF DEVELOPMENT OFFICER): $380,673 total reported compensation
- ANDREW FLEWELLING (VP & CHIEF PEOPLE OFFICER): $313,107 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Through purposeful philanthropy and deep engagement, we empower donors and alumni to make lasting investments that advance the University’s aspirations. The result is a thriving environment where students and faculty are empowered to pursue new ideas, deepen their learning, and shape a stronger future for Vermont and the world.
What it reported doing in 2024
The foundation's primary function is to raise, receive, and manage funds for scholarships, professorships, and facilities and other support for the benefit of the university of Vermont and state agricultural college and by otherwise performing support functions that carry out its charitable, scientific, educational, or other exempt purposes.
Operating model
- Revenue model
- Donor-supported. 60% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 84
- Accountability: 98
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.1%; rating input score 57
- Program expense ratio: 69%; rating input score 69
- Fundraising efficiency: $3.87 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 54th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 96.2%; rating input score 96; 50th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 39.1%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 9.09; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 6.3%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 14.7% per year; rating input score 100; 85th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 57.1% of revenue deployed · 69% of spending went to programs
- Governance: 25 of 26 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $31.8M in reported program spending
- Leadership: top reported pay $472K · 40 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.4M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 7 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- High — Sustainability: Officer compensation ratio scored 10/100.