Friends of Universidad Francisco Marroquin (Friends of UFM)

The Friends of Universidad Francisco Marroquin (Friends of UFM) is a nonprofit organization that supports the work of the Universidad Francisco Marroquin (UFM), a nonprofit university based in Guatemala. The mission of UFM is to teach and promote the principles of classical liberalism. ¹

At-A-Glance

Type: Non-profit, 501(c)(3)

Website: foufm.org

Formation:

2011

President:

Rodolfo Milani

President’s Salary (2021):

$0 ²

Location: McLean, VA

Tax ID: 27-2852264

Most Recent Filing: 2024

Budget (2024): Assets: $32,649 Revenue: $685,715 Expenses: $690,497

Contents

The Friends of UFM supports several initiatives at the Universidad Francisco Marroquin, including the ITA Scholarship program, the Antigua Forum, a video game center, and UFM Madrid. ¹

The Friends of Universidad Francisco Marroquin is a former associate member of the State Policy Network, a coalition of free-market state-level policy organizations. ³

Activities

The Friends of UFM seeks support for the Antigua Forum, which was launched by UFM in 2012, in an effort to advance liberty, economic progress, and opportunity through action and initiative. ⁴ The Antigua Forum is an annual problem-solving event, which aims to turn initiatives into action plans by bringing together political leaders, entrepreneurs, and experts to find solutions to real-world problems. In addition to funds raised through the Friends of UFM, the Antigua Forum is funded by organizations like the Lovett and Ruth Peters Foundation, the State Policy Network, and the Atlas Network. ⁵

Friends of UFM seeks support for UFM’s video game center, originally launched in February 2018. UFM claims that video games have the capacity to transmit values using an international language and are more powerful than movies at embedding ideas and attitudes. UFM intends to use funding for its video game center to ultimately integrate video games into its undergraduate curriculum, creating projects that cross disciplines. ⁶

The Friends of UFM seeks support for UFM Madrid, which was established in 2018. The aim of UFM Madrid is to provide a disruptive, yet replicable educational model that teaches and promotes the principles of classical liberalism, including free markets, individual freedom, and personal responsibility. ⁷

Funding

Friends of UFM is funded by donations from individuals, foundations, and businesses. While Friends of UFM does not disclose its donors, tax filings confirm donations from the John Templeton Foundation ($119,855 in 2016), ⁸ the Servant Foundation ($34,400 in 2020), ⁹ and the Charles Koch Foundation ($20,000 in 2019). ¹⁰

Board of Directors

Rodolfo Milani is the president of the Friends of UFM. Milani is a member of the Inter-American Institute for Democracy, the Miami Freedom Forum, the Cato Club Miami, and the Mont Pelerin Society. Milani is the chair of the Miami board of advisors of the James Madison Institute, the founder and chair of the Churchill Society of South Florida, and a trustee of the Hispanic American Center for Economic Research. ¹¹

Daniel Austin Green is the treasurer and secretary of the board of the Friends of UFM, a senior fellow at the Center for Civil Society, and sits on the advisory board of the Antigua Forum. Green formerly worked as program director at the Templeton Religion Trust and director of the Individual Freedom and Free Markets program at John Templeton Foundation, and is a former fellow at Liberty Fund. ¹¹

Vidar Jorgensen is the chair of the Validation institute. ¹²

Hugo Diaz is the director of the Acton MBA program at Universidad Francisco Marroquin (UFM), a fellow of the Aspen Institute’s Central America Leadership Initiative, and sits on the advisory board of the Antigua Forum. ¹¹

Luis Antonio Samayoa is also a member of the board. ¹¹

Financial Statistics

Total Assets

Total Revenue

Total Expenses

Year	Total Assets	Total Revenue	Total Expenses	Filing
2024	$32,649	$685,715	$690,497	View
2023	$72,174	$521,474	$605,826	View
2022	$140,664	$588,301	$598,541	View
2021	$131,424	$1,208,671	$1,709,783	View
2020	$936,185	$1,264,836	$1,536,599	View

Prior year filings: 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011

Revenue Detail

Expenses Detail

Grant Activity

All-time grants received statistics from Candid dataset:

Total Grant Value: $3,828,492
Number of Grants: 39
Number of Funders: 14

Selection of highest value grants received from the last seven years:

Amount	Year	Funder	Subject
$1,451,300	2021	Vanguard Charitable	FOR RECIPIENT'S EXEM
$434,250	2022	Vanguard Charitable	For recipient's exempt purpose
$344,150	2024	Vanguard Charitable	FOR RECIPIENT'S EXEMPT PURPOSE
$210,000	2023	Vanguard Charitable	FOR RECIPIENT'S EXEMPT PURPOSE
$171,000	2025	Vanguard Charitable	FOR RECIPIENT'S EXEMPT PURPOSE
$100,000	2024	Ed Foundation	GENERAL SUPPORT
$90,000	2024	Acton School of Business	SUPPORT THE WORK OF THE UNIVERSIDAD FRANCISCO MARROQUIN OF GUATEMALA CITY, GUATEMALA TO TEACH AND DISSEMINATE THE ETHICAL, LEGAL, AND ECONOMIC PRINCIPLES OF A SOCIETY OF A FREE AND RESPONSIBLE PEOPLE.
$90,000	2020	Charles Koch Institute	Education
$76,000	2020	Donors Trust Inc	for general operations
$60,000	2023	Atlas Network	Economic Education
$60,000	2022	Atlas Network	Economic Education
$60,000	2021	Atlas Network	Project Grant
$40,000	2023	Acton School of Business	SUPPORT THE WORK OF THE UNIVERSIDAD FRANCISCO MARROQUIN OF GUATEMALA CITY, GUATEMALA TO TEACH AND DISSEMINATE THE ETHICAL, LEGAL, AND ECONOMIC PRINCIPLES OF A SOCIETY OF A FREE AND RESPONSIBLE PEOPLE.
$25,850	2021	Ed Foundation	GENERAL SUPPORT
$25,000	2023	John Templeton Foundation	FOR GENERAL SUPPORT
$25,000	2022	John Templeton Foundation	FOR GENERAL SUPPORT
$25,000	2021	Donors Trust Inc	for general operations
$10,000	2024	Jp Humphreys Foundation	General Administration
$10,000	2023	Jp Humphreys Foundation	General Administration
$10,000	2023	Ed Foundation	GENERAL SUPPORT
$10,000	2022	Jp Humphreys Foundation	General Administration
$10,000	2022	Ed Foundation	GENERAL SUPPORT
$10,000	2021	Jp Humphreys Foundation	General Administration
$10,000	2020	Jp Humphreys Foundation	General Administration
$7,250	2025	National Philanthropic Trust	PUBLIC, SOCIETAL BENEFIT

All-time grants given statistics from Candid dataset:

Total Grant Value: $4,593,547
Number of Grants: 5
Number of Recipients: 1

Selection of highest value grants given from the last seven years:

Amount	Year	Funder	Subject
$1,562,816	2021	Multiple Central America Recipients	EDUCATIONAL PURPOSES – UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, LEARNING INNOVATION CENTER, OTHER EVENTS HELD, AND OTHER PROGRAMS AND ONE-TIME PROJECTS.
$1,397,428	2020	Multiple Central America Recipients	EDUCATIONAL PURPOSES – UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, ONGOING LEARNING, UFM VIDEO GAME CENTER, AND OTHER PROGRAMS AND ONE-TIME PROJECTS.
$607,329	2024	Multiple Central America Recipients	EDUCATIONAL PURPOSES – SUPPORT OF THE ANTIGUA FORUM, THE ITA SCHOLARSHIP PROGRAMS, AND OTHER PROGRAMS AND PROJECTS OF THE ORGANIZATION.
$527,388	2023	Multiple Central America Recipients	EDUCATIONAL PURPOSES – SUPPORT OF THE ANTIGUA FORUM, THE ITA SCHOLARSHIP PROGRAMS, AND OTHER PROGRAMS AND PROJECTS OF THE ORGANIZATION.
$498,586	2022	Multiple Central America Recipients	EDUCATIONAL PURPOSES – UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, LEARNING INNOVATION CENTER, OTHER EVENTS HELD, AND OTHER PROGRAMS AND ONE-TIME PROJECTS.

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Financials, employee compensation, and grant information provided by Candid.

Mentioned in this Article

References

1. “Home.” Friends of UFM. Accessed June 12, 2023. https://foufm.org/.

2. Friends of UFM Inc, Return of Organization Exempt from Income Tax (Form 990), 2021, Part VII, Section A, Line 1a.

3. “Directory.” State Policy Network. Archived from the original, March 10, 2016. Accessed June 6, 2023. http://web.archive.org/web/20160310002537/http://www.spn.org/directory/char.F/organizations.asp.

4. “Antigua Forum.” Friends of UFM. Accessed June 12, 2023. https://foufm.org/antigua-forum/.

5. “Home.” The Antigua Forum. Accessed June 12, 2023. https://antiguaforum.ufm.edu/.

6. “Video Game Center.” Friends of UFM. Accessed June 12, 2023. https://foufm.org/video-game-center/.

7. “UFM Madrid.” Friends of UFM. Accessed June 12, 2023. https://foufm.org/ufm-madrid/.

8. John Templeton Foundation, Return of Private Foundation (Form 990-PF), 2016, Part XV, Line 3.

9. Servant Foundation, Return of Organization Exempt from Income Tax (Form 990), 2020, Schedule I, Part II.

10. Charles Koch Foundation, Return of Private Foundation (Form 990-PF), 2019, Part XV, Line 3.

11. “Board of Directors.” Friends of UFM. Accessed June 6, 2023. https://foufm.org/board-of-directors/.

12. “Vidar Jorgensen.” LinkedIn. Accessed June 12, 2023. https://www.linkedin.com/in/vidar-jorgensen-b9b18b4/.