Unidel Foundation INC

Tax-deductible

Greenville, DE501(c)(3)Since 1939EducationEIN 51-6015046

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Promoting the university of delaware by making targeted grants.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 5 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $19.5M a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 0.8% of spending
Top officer’s pay lower than 93% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.8M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81.0M
+86% vs prior year
Spent
$17.6M
To programs
88%
Net assets
$543.9M
By yearFY2020–FY2025
Revenue
$81.0M
FY2025▲ +86%
Revenue by fiscal year
FY2020$19.6M
FY2021$36.9M
FY2022$18.8M
FY2023$14.6M
FY2024$43.6M
FY2025$81.0M
Expenses
$17.6M
FY2025▼ -6%
Expenses by fiscal year
FY2020$14.9M
FY2021$17.6M
FY2022$15.8M
FY2023$13.3M
FY2024$18.6M
FY2025$17.6M
Net assets
$543.9M
FY2025▲ +14%
Net assets by fiscal year
FY2020$378.2M
FY2021$444.1M
FY2022$337.5M
FY2023$408.7M
FY2024$475.8M
FY2025$543.9M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $15.5M Management & general 12% · $2.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation
Sec-Treas (to 11/25); Cons (from 11/25)
$123,205Pt VII · Sec A
Secretary-Treasurer (from 11/25)
$21,875Pt VII · Sec A
Tr (from 5/25); Pres (to 5/25)
$0Pt VII · Sec A
Pres (from 5/25); VP (to 5/25)
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
VP (from 5/25); Tr (to 5/25)
$0Pt VII · Sec A

Margaret Bottorff’s $123K as Sec-Treas (to 11/25); Cons (from 11/25) is at the 7th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Margaret Bottorff$123,205$122,906$119,327$115,897$113,025$110,000
Rachel Mroz$21,875—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Unidel Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports the University of Delaware through targeted grants.

Provided by the organization

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1 program · $15.5M · in their own filed words · FY2025
01

Grants are made to selected purposes and programs for the academic enrichment of the university of delaware to help improve relatively weak areas of important fields likely to benefit from such assistance and grants to reward and encourage areas of demonstrated achievement.

$15.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $81.6M · 2020–2025
University of DelawareDE · FY2025$16,595,467
University of DelawareDE · FY2024$11,579,609
University of DelawareDE · FY2023$14,321,452
University of DelawareDE · FY2022$15,812,524
University of DelawareDE · FY2021$13,224,358
University of DelawareDE · FY2020$10,113,390

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$81.0M
Ln 12
Investment incomeLn 3$81.0M
Money outPt IX
$17.6M
Ln 25
Programscol B$15.5M
Managementcol C$2.1M
Owns and owesPt X
$543.9M
net assets · Ln 32
Cash and savingsLn 1–2$24.9M
Total assetsLn 16$551.7M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$81.0M
Gains on assetsLn 7$72.1M
Total revenueLn 12$81.0M
Assets in detailPt X, end of year
CashLn 1$591K
SavingsLn 2$24.3M
Cash and savings togetherLn 1–2$24.9M
InvestmentsLn 11–13$526.7M
Other assetsLn 15$144K
Total assetsLn 16$551.7M
LiabilitiesLn 26$7.8M
Net assetsLn 32$543.9M
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$9.5M$24.9M
InvestmentsLn 11–13$475.2M$526.7M
Total assetsLn 16$484.8M$551.7M
LiabilitiesLn 26$9.0M$7.8M
Net assetsLn 32$475.8M$543.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15.4M$15.4M
Pay of current officers, directors and key staffLn 5$145K$73K$73K
Other salaries and wagesLn 7$46K$23K$23K
Payroll taxesLn 10$15K$7K$7K
Accounting feesLn 11c$29K$29K
Investment management feesLn 11f$1.7M$1.7M
Other fees for servicesLn 11g$180K$180K
Office expensesLn 13$13K$13K
OccupancyLn 16$34K$34K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$17.6M$15.5M$2.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $81.0M$17.6M$63.4M$543.9M 990 PDF
FY2024 $43.6M$18.6M$24.9M$475.8M 990 PDF
FY2023 $14.6M$13.3M$1.4M$408.7M 990 PDF
FY2022 $18.8M$15.8M$3.1M$337.5M 990 PDF
FY2021 $36.9M$17.6M$19.3M$444.1M 990 PDF
FY2020 $19.6M$14.9M$4.8M$378.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $80,958,548 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $8,881,186$8,881,186
VIII-7 Net gain or loss on sales of assetsExcluded from tax $72,077,362$72,077,362
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $80,958,548$80,958,548
Part IX · Statement of functional expenses $17,573,912 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $15,392,249$15,392,249
IX-5 Pay of current officers, directors and key staffPrograms $72,540 · Management $72,540$145,080
IX-7 Other salaries and wagesPrograms $23,105 · Management $23,105$46,210
IX-10 Payroll taxesPrograms $7,317 · Management $7,317$14,634
IX-11c Accounting feesManagement $28,950$28,950
IX-11f Investment management feesManagement $1,713,156$1,713,156
IX-11g Other fees for servicesManagement $180,000$180,000
IX-13 Office expensesManagement $13,171$13,171
IX-16 OccupancyManagement $34,018$34,018
IX-23 InsuranceManagement $2,647$2,647
IX-24 Other expenses (24a–d)Management $3,797$3,797
IX-25 Total functional expensesPrograms $15,495,211 · Management $2,078,701 · Fundraising $0$17,573,912
Part X · Balance sheet $551,732,382 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $584,877$591,251
X-2 Savings and temporary cash investmentsStart of year $8,874,724$24,303,802
X-11 Publicly traded securitiesStart of year $411,300,708$490,054,074
X-12 Other securitiesStart of year $63,896,767$36,639,555
X-15 Other assetsStart of year $102,637$143,700
X-16 Total assetsStart of year $484,759,713$551,732,382
X-17 Accounts payable and accrued expensesStart of year $391,327$401,006
X-18 Grants payableStart of year $8,595,467$7,392,249
X-26 Total liabilitiesStart of year $8,986,794$7,793,255
X-27 Net assets without donor restrictionsStart of year −$6,156,205−$1,979,570
X-28 Net assets with donor restrictionsStart of year $481,929,124$545,918,697
X-32 Total net assets or fund balancesStart of year $475,772,919$543,939,127
X-33 Total liabilities and net assetsStart of year $484,759,713$551,732,382
Part XI · Reconciliation of net assets $543,939,127 net assets at year end
XI-1 Total revenue$80,958,548
XI-2 Total expenses$17,573,912
XI-3 Revenue less expenses$63,384,636
XI-4 Net assets at start of year$475,772,919
XI-5 Net unrealized gains (losses) on investments$4,781,572
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$543,939,127

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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