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UNIVERSITY OF THE ANDES FOUNDATION INC
NEW YORK, NY · EIN 133082248 · Form 990 · FY2024 · NTEE T12 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$2.4M
expenses
$3.3M
net assets
$6.8M
employees
2
volunteers
12
program ratio
90%
mission · from form 990

THE UNIVERSITY OF THE ANDES FOUNDATION IS A 501 (C) (3) TAX-EXEMPT ORGANIZATION (RECOGNIZED BY THE U.S. INTERNAL REVENUE SERVICE), WHICH BRINGS TOGETHER ALUMNI AND FRIENDS OF UNIVERSIDAD DE LOS ANDES IN BOGOTÁ, COLOMBIA. WE AIM TO CREATE AND BUILD A COMMUNITY OF ALUMNI AND FRIENDS IN NORTH AMERICA WHO ARE INTERESTED IN SUPPORTING THE PROGRAMS AND ACTIVITIES OF THE UNIVERSIDAD DE LOS ANDES IN BOGOTA, COLOMBIA, SO THAT IT MAY MAINTAIN ITS UNIQUE LEARNING ENVIRONMENT, ACHIEVE EXCELLENCE IN TEACHING AND RESEARCH,ASSIST ITS STUDENTS AND FACULTY IN THEIR CONTINUED ACADEMIC WORK IN THE U.S., AND PROVIDE ACCESS TO THE UNIVERSITY'S PROGRAMS AND FACILITIES TO COLOMBIA'S MOST ABLE STUDENTS WHO MAY LACK FINANCIAL MEANS.

profile · synthesized from sources

The University of the Andes Foundation Inc is a U.S.-based 501(c)(3) organization that supports Universidad de los Andes in Bogotá, Colombia. It raises funds and builds a community of alumni and friends in North America to advance the university's educational, research, and outreach programs. The foundation provides financial assistance to students, faculty, and initiatives in Colombia, particularly those promoting academic excellence, innovation, and social impact.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $146K
    BIOCOMX BITT - TO SUPPORT THE WORK OF THE ENGINEERING DEPARTMENT AND BIOMEDICAL PROGRAM TO LEVERAGE THE FACULTY AND STUDENT TALENT TO CREATE REAL SOLUTIONS THAT CAN HAVE AN IMPACT ON PATIENTS, HEALTH PROFESSIONALS, AND THE SECTOR AND ECOSYSTEM IN GENERAL.
  2. #2 $146K
    FORWARD TOGETHER - STRENGTHENING BUSINESSES AND FINANCIAL STABILITY FOR WOMEN IN VULNERABLE COMMUNITIES.
named programs · 8 · from sources

What they call their work

Atarraya STEM 4th Year
Supports interdisciplinary student and faculty projects focused on innovation for social change in STEM fields.
Biocomx Bitt
Supports the Engineering Department and Biomedical Program at Universidad de los Andes to develop real-world health solutions for patients and professionals.
COVIDA Grant
Expanded national testing capacity during the pandemic by mobilizing university laboratories, researchers, and logistical staff.
Employment Grant
Funds staff positions at the university—including International Development Manager and Project Coordinator—who support the foundation’s mission.
Forward Together
Strengthens economic stability and business skills for women in vulnerable communities in Colombia.
General Program
Provides financial assistance to high-performing Colombian students who lack economic resources to attend Universidad de los Andes.
Travesias Grant
Supports a two-way academic exchange program offering scholarships to rural educators and enabling collaborative research between Universidad de los Andes and regional institutions.
Vamos Pa'lante 2023
Provides one-semester scholarships to undergraduate students at risk of dropping out due to severe financial hardship.
activities · 7 groups

What they do

  • Financial Aid and Scholarship Access Programs 2 activities
    • Funding scholarships for low-income and high-achieving Colombian students
      Provides financial support to talented students from low-income backgrounds in Colombia to access higher education at Universidad de los Andes, including one-semester emergency scholarships for those at risk of dropping out due to severe financial hardship.
    • Organizing fundraising events for student scholarships
      Hosts the annual "Cena Quiero Estudiar" philanthropic event to raise funds for scholarships benefiting high-achieving students facing economic barriers to higher education.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding academic and faculty exchange programs
      Finances the Travesias Program and other initiatives that support academic and research exchanges between Universidad de los Andes and regional institutions, promoting student and faculty mobility.
  • Women's Rights and Empowerment Grants 1 activity
    • Funding economic empowerment programs for women in vulnerable communities
      Finances initiatives aimed at strengthening small businesses and improving financial stability for women in marginalized populations in Colombia.
  • Medical Research Funding 1 activity
    • Funding research and innovation initiatives at Universidad de los Andes
      Supports research, innovation, and interdisciplinary projects at Universidad de los Andes, including in biomedical engineering, pandemic testing capacity, and STEM for social change, such as the Atarraya project and health-sector solutions.
  • Climate Change Research and Advocacy Funding 1 activity
    • Funding sustainable development and environmental research
      Supports research and policy initiatives focused on environmental sustainability and the United Nations Sustainable Development Goals through Universidad de los Andes.
  • Alumni Community Building 1 activity
    • Supporting alumni engagement in the United States
      Organizes and maintains engagement with alumni and friends of Universidad de los Andes who reside in the United States to foster community and support.
  • Uncategorized 1 activity
    • Funding institutional capacity and development roles at Universidad de los Andes
      Provides grants to fund key positions such as International Development Manager, Prospect Analyst, and Project Coordinator to strengthen foundation-related operations and outreach at Universidad de los Andes.
financials · form 990 · fy2024
revenue
Total revenue$2.36M
Contributions & grants$2.16M91%
Program service revenue$00%
Investment income$201K9%
Other revenue$0
expenses
Total expenses$3.29M
Program expenses90%
Admin / overhead4%
Fundraising5%
Salaries & benefits$416K
Grants paid out$2.77M
Largest expense lineCompensation
balance sheet
Total assets$8.96M
Cash$8.77M
Investments$0
Liabilities$2.14M
Net assets$6.83M
Liquid reserves32.0 mo
5 years on record · 2020–2024 · YoY revenue +54.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
SANDRA DIAZ EXECUTIVE DIRECTOR 40 $210K
JO ANN ARIAS SECRETARY AND TREASURER 40 $143K
board members · 12
  • ALBERTO MEJIA — PRESIDENT
  • ALEJANDRO SANTO DOMINGO — BOARD MEMBER
  • ANA MARIA RODRIGUEZ — BOARD MEMBER
  • CARLOS VEGALARA — BOARD MEMBER
  • CAROLINA BARCO — BOARD MEMBER
  • DIEGO CORDOBA — BOARD MEMBER
  • JAIME GALVIZ — BOARD MEMBER
  • JUAN ESTEBAN ORDUZ — BOARD MEMBER
  • JUAN OCAMPO — BOARD MEMBER
  • JUAN PABLO MEJIA — BOARD MEMBER
  • RAQUEL BERNAL — CHAIR
  • SERGIO GALVIS — BOARD MEMBER
relationships · 7

Who they work with

  • Universidad de los Andes Partner — Partner institution in Bogotá, Colombia that the foundation supports.
  • Universidad de los Andes Partner — Primary institution supported by the foundation in Bogotá, Colombia
  • Universidad de los Andes Partner — Primary institution supported by the foundation through funding and programmatic initiatives.
  • Universidad de los Andes Partner — Primary institution supported by the foundation through project funding.
  • Universidad de los Andes Partner — Primary institutional partner in Bogotá, Colombia; receives grant funding and program support from the foundation.
  • Universidad de los Andes Partner — Supports Universidad de los Andes in Bogotá, Colombia.
  • University of the Andes Government — Primary institution supported by the foundation in Bogotá, Colombia.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Philanthropy-Driven Scholarship Investment
    methodology: scholarship-investment
    By directing philanthropic funding toward scholarships for high-talent, economically disadvantaged students, we increase access to high-quality education and enable long-term societal contribution, because financial barriers are a primary constraint to upward mobility and national development.
  • Transnational Alumni and Donor Engagement
    methodology: transnational_grantmaking
    By building a U.S.-based network of alumni and supporters, we sustain institutional development at Universidad de los Andes through diaspora-driven fundraising and advocacy, because personal connections and transnational solidarity amplify philanthropic impact for Colombian higher education.