Nonprofit · EIN 62-6048540
UNIVERSITY OF MEMPHIS FOUNDATION
Tax-exempt · MEMPHIS, TN 38152
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $66,402,207 | $30,158,057 | $36,244,150 | $347,186,036 | $10,758,179 | $336,427,857 |
| June 30, 2024 | 990 | $40,949,256 | $22,804,922 | $18,144,334 | $264,333,656 | $19,063,762 | $245,269,894 |
| June 30, 2023 | 990 | $47,641,079 | $32,781,998 | $14,859,081 | $222,735,067 | $15,671,246 | $207,063,821 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $53,410,987
- Program service revenue
- $4,550,859
- Investment income
- $8,440,361
- Net gain from sales of assets
- $1,241,708
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $28,528,195
- Compensation of officers, directors and key employees
- $371,238
- Other salaries and wages
- $258,834
- Salaries, compensation and benefits (total)
- $806,672
- Professional fundraising fees
- $0
- Legal fees
- $280,029
- Accounting fees
- $49,599
- Occupancy
- $198
- Travel
- $14,923
- Depreciation
- $5,970
- Program services (functional)
- $28,549,850
- Management and general (functional)
- $1,608,207
Balance sheet and other
- Total assets, start of year
- $264,333,656
- Total assets, end of year
- $347,186,036
- Total liabilities, end of year
- $10,758,179
- Net assets, end of year
- $336,427,857
- Land, buildings and equipment
- $21,234
- Publicly traded securities
- $246,353,474
- Net assets without donor restrictions
- $41,847,776
- Net assets with donor restrictions
- $294,580,081
- Gross unrelated business income
- $252,685
- Gross receipts
- $70,730,232
- Employees
- 6
- Volunteers
- 16
- Year formed
- 1964
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR BILL HARDGRAVE | DIRECTOR Trustee or director | 1 | $0 | $711,906 | $24,546 |
| RENE BUSTAMANTE | DIRECTOR Trustee or director | 1 | $0 | $323,219 | $53,878 |
| HOLLY FORD | FOUNDATION CEO Officer | 30 | $174,099 | $0 | $30,279 |
| MARK NICELL | FOUNDATION CBO Officer | 30 | $145,153 | $0 | $13,964 |
| DAVID TATE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN WILFONG | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GLYNNA CHRISTIAN | VICE PRESIDENT ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TANYA HART | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REGINALD PORTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRED TOWLER | IMMEDIATE PAST PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| SUDHIR AGRAWAL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK CHRISTOPHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLY GOUGHNOUR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURALAN GRISONI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAPHNE LARGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MICKEY ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| DOUGLAS SCARBORO | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SCULLY | DIRECTOR Trustee or director | 1 | $0 |
| MONICA WHARTON | DIRECTOR Trustee or director | 1 | $0 |
| HARRY SMITH | DIRECTOR (THRU 12/31/24) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR BILL HARDGRAVE | DIRECTOR Trustee or director | 1 | $0 | $711,025 | $24,907 |
| RAAJKUMAR KURAPATI | DIRECTOR (TERM END 8/31/23) Trustee or director | 1 | $0 | $300,608 | $47,949 |
| HOLLY FORD | FOUNDATION CEO Officer | 30 | $169,553 | $0 | $30,634 |
| MARK NICELL | FOUNDATION CBO Officer | 30 | $136,192 | $0 | $14,057 |
| DAVID TATE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN WILFONG | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TANYA HART | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GLYNNA CHRISTIAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRED TOWLER | IMMEDIATE PAST PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| SUDHIR AGRAWAL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RENE BUSTAMANTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURALAN GRISONI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAPHNE LARGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR REGINALD PORTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MICKEY ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DOUGLAS SCARBORO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MONICA WHARTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TYREE DANIELS | DIRECTOR (TERM END 8/31/23) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HOLLY FORD | FOUNDATION CEO Officer | 20 | $0 | $166,715 | $40,757 |
| MARK NICELL | FOUNDATION CBO Officer | 20 | $0 | $47,101 | $4,676 |
| FRED TOWLER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID TATE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN WILFONG | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DOUGLAS SCARBORO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HARRY L SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUDHIR AGRAWAL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RENE BUSTAMANTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GLYNNA CHRISTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TYREE DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TANYA L HART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RAAJKUMAR KURAPATI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAPHNE LARGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REGINALD PORTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BILL HARDGRAVE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MONICA WHARTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 411 ADMINISTRATION BLDG, MEMPHIS, TN 38152-3303
- Principal officer (990 for 2024)
- TARA JONES, 635 NORMAL ST ALUMNI CENTER 108, MEMPHIS, TN 38152
- Signed the 990
- TARA JONES, PRESIDENT
- Phone
- (901) 678-3256
- Website
- WWW.UOFMFOUNDATION.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE FOUNDATION ACCEPTS, MANAGES, AND DISBURSES PRIVATE SUPPORT TO THE UNIVERSITY OF MEMPHIS.
Program accomplishments
- THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS, FELLOWSHIPS, ACADEMIC ENRICHMENT, AND VARIOUS OTHER PROGRAMS AND PROJECTS IN SUPPORT OF THE STUDENTS, FACULTY, STAFF AND MISSION OF THE UNIVERSITY OF MEMPHIS.Expenses $28,549,850 · grants $28,528,195 · revenue $4,550,859
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-6048540
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $347,186,036
- Income (IRS master file)
- $70,730,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $66,402,207 | $30,158,057 | $347,186,036 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $40,949,256 | $22,804,922 | $264,333,656 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $47,641,079 | $32,781,998 | $222,735,067 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $55,956,820 | $28,038,572 | $184,697,152 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-6048540).
Questions about UNIVERSITY OF MEMPHIS FOUNDATION
- What is the EIN of UNIVERSITY OF MEMPHIS FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF MEMPHIS FOUNDATION is 62-6048540.
- Is UNIVERSITY OF MEMPHIS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to UNIVERSITY OF MEMPHIS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF MEMPHIS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF MEMPHIS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF MEMPHIS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF MEMPHIS FOUNDATION?
- The 990 for the year ended June 30, 2025 names TARA JONES.
- Who are the officers and directors of UNIVERSITY OF MEMPHIS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 2 received compensation from the organization.
- How much revenue does UNIVERSITY OF MEMPHIS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $66,402,207, expenses of $30,158,057 and total assets of $347,186,036 at year end.
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