The University of Toledo Foundation
4510 Dorr St, Toledo, OH · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $40,509,886 | $29,530,063 | $460,721,759 |
| FY2024 | $35,443,468 | $29,230,416 | $427,825,294 |
| FY2023 | $29,920,252 | $28,195,347 | $394,435,952 |
| FY2022 | $29,398,271 | $25,808,043 | $381,092,627 |
| FY2021 | $41,543,760 | $21,399,976 | $417,721,855 |
| FY2020 | $37,806,830 | $22,804,329 | $332,826,843 |
| FY2019 | $31,636,221 | $23,761,725 | $340,002,206 |
| FY2018 | $60,986,434 | $21,831,112 | $332,347,970 |
| FY2017 | $29,599,699 | $20,226,641 | $288,839,981 |
| FY2016 | $28,576,786 | $20,592,946 | $261,807,521 |
| FY2015 | $37,779,257 | $19,669,413 | $273,320,479 |
| FY2014 | $43,829,744 | $16,280,071 | $268,188,990 |
| FY2013 | $27,554,971 | $16,744,477 | $225,842,915 |
| FY2012 | $21,338,020 | $16,916,477 | $198,873,689 |
Form 990 filings
The returns filed by The University of Toledo Foundation (EIN 34-6555110), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $14,882,419 | 37% |
| Program service revenue | $4,622,824 | 11% |
| Other revenue | $21,004,643 | 52% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $17,284,672 | 59% |
| Management & general | $6,575,747 | 22% |
| Fundraising | $5,669,644 | 19% |
What the numbers show
- Other revenue made up 52% of total revenue in FY2025.
- Program services accounted for 59% of functional expenses, management & general 22%, and fundraising 19%.
- 59% of functional expenses went to program services in FY2025. That is higher than 1.7% of 119 Education organizations in OH.
- Net assets covered about 187.2 months of expenses at the end of the reporting year. That puts it in the 92nd percentile among 2291 Education organizations in OH.
- Total revenue was higher than 98.1% of 2337 Education organizations in OH.
- Total revenue rose from $21,338,020 in FY2012 to $40,509,886 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $60,986,434 in FY2018.
- Net assets grew from $198,873,689 to $460,721,759 between FY2012 and FY2025.
- Contributions and grants made up 65% of revenue in FY2012 and 37% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ALIGNING DONOR PASSION AND GENEROSITY TO ADVANCE THE UNIVERSITY OF TOLEDO THROUGH FUNDRAISING, STEWARDSHIP, AND PRUDENT ASSET MANAGEMENT TO PROVIDE SCHOLARSHIP OPPORTUNITIES FOR STUDENTS, TIER ONE ATHLETIC PROGRAMS, EDUCATION EVENTS ENLISTING ACADEMIC AND TECHNICAL SCHOLARS IN THE FIELDS OF STEM,
IRS status
| Ruling year | 1964 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in OH) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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