Financials
Fiscal Year Private Giving
Our University's core commitments remain constant—excellence in teaching, research, public service, and economic development—and the nature of our mission means that we persistently seek to create leading-edge knowledge and discoveries, new programs, and new learning opportunities for our students.
All of the key elements of higher education are interdependent. Excellence in faculty and exceptional research opportunities draw the best and brightest students. Scholarships and fellowships help to assure that exceptional students from all walks of life have the financial backing to attend the University of Illinois. With its magnitude, diversity, and options, this University provides the essential ingredients for a pattern of success that will stay with our U of I students throughout their lives, and our donors—you—are a vital part of those achievements at our campuses in Urbana, Chicago, and Springfield.
Fiscal Year 2023 Highlights
The Foundation’s fiscal year mirrors that of the University’s, which runs from July 1 to June 30. Financial highlights from fiscal year 2023 (July 1, 2022 to June 30, 2023) are detailed below.
New Business
New business includes new gifts, pledges, grants, and bequests.
| Fiscal Year | $ Millions |
|---|---|
| 2019 | 462.9 |
| 2020 | 462.1 |
| 2021 | 446.0 |
| 2022 | 467.7 |
| 2023 | 423.7 |
| Source |
$ Millions
|
%
|
|---|---|---|
| Alumni | 167.5 | 39.5% |
| Friends | 45.2 | 10.7% |
| Foundations | 79.6 | 18.8% |
| Corporations | 69.1 | 16.3% |
| Other | 62.3 | 14.7% |
| Total | $423.7 |
100.0%
|
Cash Flow
Cash flow includes current income from outright gifts, private grants, pledge payments, annuities, and realized bequests and estate distributions.
| Fiscal Year |
$ Millions
|
|---|---|
| 2019 | 298.7 |
| 2020 | 420.5 |
| 2021 | 400.2 |
| 2022 | 371.5 |
| 2023 | 359.9 |
| Source |
$ Millions
|
%
|
|---|---|---|
| Alumni |
115.4
|
32.06% |
| Friends | 34.4 | 9.56% |
| Family Foundations | 25.1 | 6.97% |
| Foundations | 35.4 | 9.84% |
| Corporations | 86.4 | 24.01% |
| Other | 63.2 | 17.56% |
| Total |
$359.9
|
100.00%
|
| Purpose Designated by Donor | FY 23 | FY 22 |
|---|---|---|
|
Research
|
97.6 | 105.2 |
| Facilities | 45.2 | 48.0 |
|
Student Support
|
46.7 | 48.5 |
| Academic Programs | 39.5 | 40.2 |
|
Public Service
|
14.8 | 15.1 |
|
Faculty Support
|
12.4 | 12.0 |
|
Other
|
7.1 | 4.0 |
| Unrestricted | 96.6 | 98.5 |
| Total | $359.9 | $371.5 |
|
$ Millions
|
%
|
|
|---|---|---|
| Current Use | 271.8 | 75.52% |
| Endowed | 85.9 | 23.87% |
| Annuity/Life Income | 2.7 | 0.61% |
| Total | $359.9 | 100.00% |