Financial Stewardship & Impact
Trusted to Deliver on the Promise
At the UDC Foundation, we believe that every dollar invested in our students is an investment in the future of Washington, D.C. Our most recent audit confirms what our donors already know: your gifts are handled with integrity, transparency and purpose.
Our Financial Impact at a Glance (FY2024)
- $2.87 million total increase in net assets
- $3.7 million in investment returns
- $1.18 million in scholarships awarded
- $2.63 million in program support delivered
- 80%+ of spending directed to student-focused programming
- $10.2 million endowment supporting long-term growth
Sound Stewardship, Trusted Oversight
The UDC Foundation received a clean audit opinion for the fiscal year ending September 30, 2024. This means:
- No material weaknesses or internal control concerns
- All financial statements are presented fairly in accordance with GAAP
- We follow nonprofit best practices for transparency and accountability
How Your Gift Works
| Category | FY2024 Amount | % of Total Spending |
|---|---|---|
|
Scholarships |
$1,177,948 |
36% |
|
Academic Programs |
$688,631 |
21% |
|
Fundraising |
$397,787 |
12% |
|
Admin & Operations |
$218,177 |
7% |
|
Total Program Services |
$2,634,785 |
81% |
**More than 80 cents of every dollar goes directly to scholarships and student programs.
Endowments: A Legacy That Lasts
The Foundation’s $10.2 million endowment includes:
- $6.65 million in permanently held donor gifts
- $3.58 million available for annual support
Each year, 5% of the average endowment value is distributed to support students, faculty and priority academic programs. This ensures that your legacy lives on — forever.
Download Our Reports
Thank You for Your Trust
Your support powers the promise of UDC. Whether through scholarships, endowments or unrestricted gifts, you are helping build a more just, inclusive and opportunity-filled future for D.C. and beyond.
Make your impact today.