THE MISSION OF THE UNIVERSITY OF TOLEDO FOUNDATION IS TO SECURE THE FUTURE FOR THE UNIVERSITY OF TOLEDO, THROUGH PRUDENT ASSET MANAGEMENT AND PHILANTHROPY. WE BUILD STRONG LINKAGES BETWEEN ALUMNI AND THE UNIVERSITY, FOSTERING A SPIRIT OF LOYALTY AND OPPORTUNITY FOR ENGAGEMENT.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$784.7M
+9.1% YoY
Annual Giving
$17.9M
-1.2% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$8.9M
-50.6% YoY
About The University of Toledo Foundation
Based on IRS filings
The University of Toledo Foundation is a nonprofit organization focused on Education, based in TOLEDO, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $784.7M in total assets. In 2024, it awarded 2 grants totaling $17.9M. Net investment income was $12.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $784,710,766 | $719,025,431 | $672,998,290 |
| Revenue | $35,443,468 | $29,920,252 | $29,398,271 |
| Expenses | $29,230,416 | $28,195,347 | $25,808,043 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $12,415,015 | $12,799,589 | $10,968,985 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Toledo ($17,810,996), University of Toledo Alumni Assoication ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF TOLEDO TOLEDO, OH | TO SUPPORT THE UNIVERSITY OF TOLEDO IN ITS EXEMPT PURPOSE | $17,810,996 |
| UNIVERSITY OF TOLEDO ALUMNI ASSOICATION TOLEDO, OH | TO SUPPORT THE ALUMNI ASSOCIATION IN ITS EXEMPT PURPOSE | $70,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN PAYDEN | CHAIR | 1 | — |
| NANCY MILLER | VICE-CHAIR | 1 | — |
| YVONNE MCNULTY | TREASURER | 1 | — |
| NADEEM SALEM | SECRETARY | 1 | — |
| MICHAEL BELL | TRUSTEE | 1 | — |
| SHERI BOKROS | TRUSTEE | 1 | — |
| JAMES CALDWELL | TRUSTEE | 1 | — |
| TIFFANY CAVANAUGH | TRUSTEE | 1 | — |
| MUI-LING Y DONG | TRUSTEE | 1 | — |
| DANA FITZSIMMONS | TRUSTEE | 1 | — |
| MATTHEW FORTUNAK | TRUSTEE | 1 | — |
| JOHN HUBER | TRUSTEE | 1 | — |
| JAMES JAROS | TRUSTEE | 1 | — |
| GEORGE LATHROP | TRUSTEE | 1 | — |
| EVA MCQUILLEN | TRUSTEE | 1 | — |
| SHAWN NELSON | TRUSTEE | 1 | — |
| DAVID NOTTKE | TRUSTEE | 1 | — |
| STEVEN REINBOLT | TRUSTEE | 1 | — |
| BRADLEY J RIEGER | TRUSTEE | 1 | — |
| MATTHEW RUBIN | TRUSTEE | 1 | — |
| ROBERT SCHOONMAKER | TRUSTEE | 1 | — |
| RASESH SHAH | TRUSTEE | 1 | — |
| MARTIN SUTTER | TRUSTEE | 1 | — |
| THOMAS WAKEFIELD | TRUSTEE | 1 | — |
| ROBIN WHITNEY | TRUSTEE | 1 | — |
| GREGORY POSTEL | EX-OFFICIO | 1 | — |
| JEFFREY WILLIAMS | EX-OFFICIO | 1 | — |
| BRENDA S LEE | PRESIDENT | 38 | $255,208 |
| RANDY ROTHENBUHLER | CFO | 35 | $179,462 |
| FLOYD AKINS | VICE-PRESIDENT FOR ADVANCEMENT | 40 | $262,200 |
| WILLIAM PIERCE | ASSOCIATE VP OF ALUMNI ENG | 10 | $199,007 |
| BARB FISCHER | ASSOCIATE VP OF ADVANCEMENT SERVICES | 40 | $180,300 |
| DAVID ZELENKA | ASSOCIATE VP OF HEALTH FINANCE | 40 | $149,805 |
| JENNIFER SCHAEFER | DIRECTOR OF DEVELOPMENT | 40 | $138,880 |
| MAREN KURTZ | ASSOCIATE VP OF HR & ADV. OPERATIONS | 40 | $133,084 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The University of Toledo Foundation?
The University of Toledo Foundation is a nonprofit organization focused on Education, based in TOLEDO, OH. It holds $784.7M in total assets as of 2024.
How large is The University of Toledo Foundation?
As of 2024, The University of Toledo Foundation holds $784.7M in total assets with $35.4M in annual revenue. It awarded 2 grants totaling $17.9M in 2024.
Where does The University of Toledo Foundation operate?
The University of Toledo Foundation has awarded grants in Ohio.
What size grants does The University of Toledo Foundation award?
In 2024, The University of Toledo Foundation awarded 2 grants totaling $17.9M — an average of about $8.9M per grant, based on its IRS Form 990 filings.
What is The University of Toledo Foundation's EIN?
The University of Toledo Foundation's EIN (Employer Identification Number) is 34-6555110. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The University of Toledo Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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