Educational Institutions

University of South Florida Foundation

  • Tampa, FL
  • www.giving.usf.edu

Mission Statement

Statement of Purpose: The USF Foundation is a private, not-for-profit corporation chartered pursuant to Florida law as the legal conduit for the solicitation, acceptance, investment and distribution of all private gifts made to the University of South Florida. The USF Foundation promotes higher education in general, and specifically encourages the advancement of teaching, research and public service through private support for the University's academic and student development endeavors.

Main Programs

  1. Scholarship, research and common educational and societal goals.
Service Areas

Self-reported

Florida

The University of South Florida is one of the nation's top 50 public research universities, offering 219 degree programs at the undergraduate, graduate, specialist and doctoral levels. USF serves more than 46,000 students on campuses in Tampa, St. Petersburg, and Sarasota-Manatee.

ruling year

1960

Principal Officer

Self-reported

Mr. Joel D Momberg

Co Principal Officer

Self-reported

Mr. Rodney Grabowski

Keywords

Self-reported

USF, South Florida, Tampa, Sarasota, St. Petersburg, scholarships, higher education, university

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EIN

59-0879015

 Number

1593269750

Contact

Cause Area (NTEE Code)

Higher Education Institutions (B40)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

The University of South Florida has a $1.8 billion annual budget, an annual impact of $3.2 billion and serves more than 46,000 students on campuses in Tampa, St. Petersburg, and Sarasota-Manatee. USF Sarasota-Manatee (USFSM) has had three key accomplishments over the past year. In June, 2011, USFSM was awarded separate accreditation by the Southern Association of Colleges andSchools (SACS). This means USFSM will be able to design new programs, grant our own degrees, make faculty decisions, award diplomas, and have all advising, admissions and financial decisions here instead of in Tampa. The second most significant accomplishment is the decision to welcome freshmen to our campus in the fall of 2013, expanding from upper division only to a full four-year institution. The third most significant accomplishment is the partnership between USFSM and Mote Marine Laboratory. USFSM will complete the renovation of classrooms and teaching laboratories, to include dry teaching labs, wet teaching labs, a lab support room, two research labs, offices, two academic support rooms, and a lounge. Working together, USFSM and Mote will also create new joint appointments for Mote researchers who will serve as faculty and will allow USFSM faculty and students to work closely with Mote staff on research programs and initiatives under way at Mote. USFSM's top three goals include funding the renovation of Mote facilities to build science labs, expanding faculty and programs to meet incoming freshmen needs, and expanding facilities to meet the needs of a four-year university, to include a new academic building, student center, dormitory, and athletic fields to offer students a robust university experience.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Scholarship, research and common educational and societal goals.

e USF Foundation is the philanthropic partner of the USF System. The Foundation is the entity through which private, charitable investments to the USF System are made in pursuit of scholarship, research and common educational and societal goals. The mission of the USF Foundation is to promote higher education in general, and specifically encourage the advancement of teaching, research and public service through private support for the University of South Florida System’s academic and student development endeavors.

Category

None

Population(s) Served

None

None

None

Budget

Service Areas

Self-reported

Florida

The University of South Florida is one of the nation's top 50 public research universities, offering 219 degree programs at the undergraduate, graduate, specialist and doctoral levels. USF serves more than 46,000 students on campuses in Tampa, St. Petersburg, and Sarasota-Manatee.

Funding Needs

The most pressing needs for the University of South Florida Sarasota-Manatee are as follows: (1) Funding USF/Mote science lab renovation. The actual renovation will cost $1.5 million, $500,000 for faculty and program support, and $2 million to endow the science program. (2) Preparing for our first freshmen class in the fall of 2013. $2.7 milion is needed to hire additional faculty and develop programs to respond to the demands of a full four-year university. (3) Supporting the College of Education's PAInT (Partnerships for Arts-Integrated Teaching) initiative. $2.1 million is required to establish the Center for PAInT, to include an artists-in-residence program, artist-to-teacher program, a continuing education program, a digitized resource center and graduate certificate and master's programs with a concentration in arts integration. (4) Providing scholarship for the unmet financial need for tuition for the first freshmen class. $250,000 per year will fund the unmet need for four years for the first 100 entering freshmen. (5) Funding faculty chairs to respond to curriculum requirements. $1.5 million has been budgeted to fund key faculty chairs in the College of Arts and Sciences, College of Business, College of Education and the new College of Hospitality and Technology Leadership.

Accreditations

Southern Association of Colleges and Schools

National Council for the Accreditation of Teacher Education - Accreditation

Affiliations + Memberships

Association of Fundraising Professionals - Member

Arts and Cultural Alliance of Sarasota County

Economic Development Corporation of Manatee County

Economic Development Corporation of Sarasota County

Florida Public Relations Association

Greater Sarasota Chamber of Commerce

Manatee Chamber of Commerce

Southwest Florida Estate Planning Council

United Way Member Agency

Venice Area Chamber of Commerce

External Reviews

Source: greatnonprofits.org

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

UNIVERSITY OF SOUTH FLORIDA FOUNDATION
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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  • Board Chair, Board Co-Chair and Board Members
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Operations

The people, governance practices, and partners that make the organization tick.

University of South Florida Foundation

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone and website
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
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Principal Officer

Mr. Joel D Momberg

Co Principal Officer

Mr. Rodney Grabowski

BIO

Joel D. Momberg most recently directed a successful campaign to help build a new $400-million hospital at All Children's Hospital in St. Petersburg. During his 30-year tenure at All Children's Hospital, Momberg worked closely with USF to raise a $36-million endowment for pediatric research, which built and supports research in the USF-ACH Children's Research Institute. The group of gifts from All Children's remains USF's largest institutional endowment. Momberg started at All Children's Hospital as director of public relations in 1979 and was named Executive Vice president of All Children's Hospital Foundation in 2000. He was one of the founding members of The Children's Miracle Network. Founded in 1983, AllChildren's Hospital has consistently been in the top five nationally (among 200 hospitals) in both number of donors and dollars raised on the phones. Total dollars raised to date has been more than $70 million. In addition he has served on the Board of Shorecrest Preparatory School and as 2004-2005 President of Suncoasters, who produce the Festival of States. He served as member of the Board of Governors of the St. Petersburg Area Chamber of Commerce; and is currently serving as an Advisory Member of the following: MoreHealth, Inc.; an educational partner of All Children's; Junior League of St. Petersburg; and Suncoast Cardiovascular Research & Education Foundation. Momberg was born in New Orleans and graduated from the University of Georgia.

Governance

BOARD CHAIR

Mr. Linda L. Simmons

President, Tampa Electric/People Gas

Term: July 2011 - June 2013

BOARD LEADERSHIP PRACTICES

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RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?