EIN 13-1624241

United Negro College Fund

IRS 501(c) type
501(c)(3)
Num. employees
306
Year formed
1944
Most recent tax filings
2023-03-01
Description
United Negro College Fund is a scholarship or financial aid organization in Washington, DC whose mission is: UNCF IS BUILDING A PATHWAY OF EDUCATIONAL SUPPORT FROM K-12 THROUGH COLLEGE AND CAREER.
Total revenues
$361,352,697
2023
Total expenses
$171,465,522
2023
Total assets
$848,813,093
2023
Num. employees
306
2023

Program areas at United Negro College Fund

Direct program expenditures related to disbursements of scholarships and costs for evaluating eligibility for scholarships and expenses. Associated with providing technical assistance to member schools and other institutions.the work of uncf's growing portfolio of scholarship programs is unrivaled and includes a variety of scholarship programs managed by uncf, such as the Fund ii foundation uncf stem scholars program, uncf/koch scholars program, k-12 education fellowship and the frederick douglass bicentennial scholarship program. The panda cares scholars program has expanded to a three-year renewable scholarship award, and the Fund ii stem scholars program completed its third (see schedule o)cohort, continuing to build on an impressive record of student outcomes. The walton fellows program, an educational reform program aimed at helping inform new educators on how to improve the k-12 education system from the inside out, celebrated its 10th year. Together, these uncf scholarship and student professional development (internship) programs as well as dozens of other scholarships, internships, fellowships and faculty development opportunities add up to some of the newest, best, and strongest offerings uncf has for students and educators, with much more to come. Helping young people, especially african american and other minority students, get an education that starts on the first day of preschool and doesn't end until College graduation is what uncf is all about. A three-pillar strategy guides our mission: positioning member institutions as a viable College option for students and investing in institutional capacity to improve student outcomes; creating transformational support programs to ensure students are enrolling and persisting through College completion; building awareness of educational attainment and cultivating college-going behaviors within the african american community. The ongoing rapid rise in the cost of College attendance, the inability to earn funds during the covid-19 pandemic and decreasing financial aid have caused more and more students to apply to uncf for assistance each year. However, we can support only one out of every 10 students who applies. These students are our future health professionals, social workers, teachers, government policy makers, entrepreneurs, business leaders and military men and women - they are the future prosperity of our nation. We thank all donors, past and current for their financial contributions and volunteerism and hope new donors are inspired to support uncf's worthy mission by giving as deeply as possible because "a mind is a terrible thing to waste, but a wonderful thing to invest in."
Distributions to member institutions.
The gates millennium scholars program (gmsp) covers cost of education to support undergraduate programs for outstanding students of color with significant financial need, and the costs through doctoral degrees in seven target disciplines for students selected as gates millennium scholars. Gmsp, the most extensive program in uncf's history, was awarded in 1999 by the bill and melinda gates foundation for $1.6 billion. This 20-year program sunsets in 2029.
Institutional services provided to member institutions of uncf and other program services.

Grants made by United Negro College Fund

GranteeGrant descriptionAmount
Hispanic Scholarship FundGrants & Scholarships$8,112,360
American Indian Graduate Center ScholarsGrants & Scholarships$3,853,389
Clark Atlanta UniversityGrants & Scholarships, Tech Assist, Area Office Joint Campaign$2,966,482
...and 37 more grants made totalling $55,981,064

Who funds United Negro College Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Goldman Sachs Philanthropy Fund (GSPF)Education$18,915,400
Blue Meridian PartnersTo Support Scaling Plan$18,100,000
Abbvie FoundationUncf Healthcare Workforce Diversity Program$2,400,000
...and 389 more grants received totalling $77,210,985

Personnel at United Negro College Fund

NameTitleCompensation
Michael L LomaxPresident and Chief Executive Officer$853,098
Early ReeseChief Operating Officer$547,727
Early Reese FacebookExecutive Vice President and Chief Operating Officer
Seth BarduSenior Vice President , Chief Financial Officer and Treasurer$325,779
Maurice JenkinsExecutive Vice President and Chief Development of$434,425
...and 15 more key personnel

Financials for United Negro College Fund

RevenuesFYE 03/2023
Total grants, contributions, etc.$352,410,439
Program services$100,690
Investment income and dividends$6,872,996
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,968,572
Net income from fundraising events$-6,755
Net income from gaming activities$6,755
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$361,352,697

Form 990s for United Negro College Fund

Fiscal year endingDate received by IRSFormPDF link
2023-032023-12-12990View PDF
2022-032023-01-12990View PDF
2021-032022-01-19990View PDF
2020-032021-04-05990View PDF
2019-032019-12-13990View PDF
...and 10 more Form 990s

Organizations like United Negro College Fund

OrganizationLocationRevenue
College BoardNew York, NY$1,040,203,098
Stony Brook FoundationStony Brook, NY$150,444,669
University System of Maryland Foundation (USMF)Adelphi, MD$97,078,608
Emerson CollegeBoston, MA$331,218,979
Eckerd CollegeSaint Petersburg, FL$125,335,333
Rider UniversityLawrenceville, NJ$219,374,298
Gustavus Adolphus CollegeSaint Peter, MN$183,510,862
St. Olaf CollegeNorthfield, MN$293,547,623
Norwich UniversityNorthfield, VT$203,934,578
College of Saint Benedict and Saint John's University (CSBSJU)Collegeville, MN$153,092,093
Data update history
February 5, 2024
Updated personnel
Identified 20 new personnel
February 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 3, 2024
Received grants
Identified 134 new grant, including a grant for $2,271,795 from Bill & Melinda Gates Foundation
February 3, 2024
Used new vendors
Identified 2 new vendors, including , and
October 26, 2023
Received grants
Identified 22 new grant, including a grant for $18,100,000 from Blue Meridian Partners
Nonprofit Types
Trade associationsBusiness and community development organizationsSchoolsCharities
Issues
EducationAfrican AmericansBusiness and industry
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsPeer-to-peer fundraisingOperates internationallyNational levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
1805 7th St NW
Washington, DC 20001
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
uncf.org/ 
Phone
(202) 810-0274
Facebook page
UNCF 
Twitter profile
@uncf 
IRS details
EIN
13-1624241
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1944
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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