UNIVERSITY OF COLORADO FOUNDATION OVERVIEW
The University of Colorado Foundation is a tax exempt organization under IRC 501(c)(3) and a public charity under IRC sections 509(a)(1) and 170(b)(1)(A)(iv). Public Charity Status Documents (pdf)
The University of Colorado Foundation was created in 1967 as a privately governed, non-profit corporation whose mission is to support the University of Colorado.
The CU Foundation, the largest foundation in the Rocky Mountain West dedicated exclusively to higher education, functions as the University’s philanthropic partner.
The CU Foundation seeks to enhance and perpetuate a culture of excellence in education at CU by raising private support outside the realm of state funding and to support the University’s strategic initiatives. The CU Foundation also manages investments on behalf of the University, including endowment funds and charitable trusts; and the Foundation is responsible for maintaining the alumni/donor database. The CU Foundation is committed to transparency and accountability in all its activities and seeks to inspire confidence among donors through financial disclosures and low administrative costs.
Key financial information as of Dec. 31, 2005:
- Total Assets: Exceed $800 million
- Total Managed Endowment: Exceeds $550 million
- Annual Transfer to CU (fiscal year 2005): Exceeds $68 million
- Gift support ensures quality and excellence at CU and augments state funding.
- More than 99 percent of gifts are designated by donors for specific projects, such as scholarships, endowed chairs and buildings.
- Investment earnings from endowments managed by the CU Foundation are distributed to designated University programs according to donor wishes.
- The CU Foundation is run by a professional staff that is governed by a Board of Directors. The Board is elected by a larger body of Trustees who provide guidance to the Foundation.
- The Board of Directors (14 members) governs the CU Foundation. Their duties include providing policy, business and fiduciary oversight.
- A seven-member volunteer committee sets investment policy on Foundation issues such as asset allocation and investment restrictions. This Investment Policy Committee reports to the Board of Directors and is supported by Foundation staff.
- The membership of the Board of Trustees (approximately 60 volunteers) is drawn from a broad spectrum of state and national business and community leaders who are engaged with one or more of the CU campuses.
MAJOR PROJECTS:
Fundraising efforts are making major initiatives possible in Boulder, Colorado Springs and Denver, including the following:
- The Lazzara Center for Oral-Facial Health opened on the Fitzsimons campus of CU-Denver and Health Sciences Center in September 2005.
- The Wolf Law Building and the ATLAS (Alliance for Technology, Learning and Society) Center are both scheduled to open in fall 2006 on the Boulder campus.
- A science and engineering complex on the Colorado Springs campus is set for construction to begin in 2006.
CONTACT INFORMATION:
Chairman of the Board of Directors:
Glenn E. Porzak
President and Chief Executive Officer:
Wayne Hutchens
Address:
4740 Walnut Street
Boulder, CO 80301
Main Phone:
303-541-1200
Fax:
303-541-1296
Media Inquiries:
303-541-1220
Web Site:
www.cufund.org
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