Uwm Foundation Inc

Organization Overview

Uwm Foundation Inc is located in Milwaukee, WI. The organization was established in 1974. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Uwm Foundation Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uwm Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Uwm Foundation Inc generated $23.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $20.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Uwm Foundation Inc has awarded 24 individual grants totaling $97,609,826. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE UWM FOUNDATION, INC. IS TO SUPPORT THE EDUCATIONAL, LITERARY, AND SCIENTIFIC ENDEAVORS OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE BY RECEIVING, MANAGING, AND DISTRIBUTING GIFTS TO BENEFIT THE UNIVERSITY'S STUDENTS, FACULTY, PROGRAMS, AND COMMUNITY. IN ADDITION, THE UWM FOUNDATION PROVIDES LEADERSHIP, OVERSIGHT, AND DIRECTION TO ITS AFFILIATED CORPORATIONS, THE UWM REAL ESTATE FOUNDATION, INC. AND THE UWM RESEARCH FOUNDATION, INC. THESE CORPORATIONS CREATE NEW UNIVERSITY FACILITIES TO SUPPORT STUDENT LIFE, RESEARCH, ACADEMICS AND REGIONAL ECONOMIC DEVELOPMENT, AND PROVIDE NEW SOURCES OF REVENUE FROM RESEARCH, COMMERCIALIZATION, AND ENTREPRENEURIAL ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION: GENERAL SUPPORT OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE'S ADMINISTRATION, SCHOOLS, COLLEGES, LIBRARY, ETC. FOR THE BENEFIT OF ITS STUDENTS, FACULTY, AND STAFF.


SCHOLARSHIP PROGRAMS: FINANCIAL AID AWARDED TO STUDENTS ENROLLED AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE.


EDUCATIONAL PROGRAMS: SPECIAL PROJECTS INCLUDING SPONSORSHIP OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE'S PUBLIC RADIO STATION, HONORS PROGRAM, PERFORMING ARTS CONCERT HALL, SCIENCE BAG SERIES, AND INNTER CITY NURSING CLINIC.


EDUCATIONAL PROGRAMS: RESEARCH PROJECTS CONDUCTED BY FACULTY AND RESEARCHERS IN VARIOUS SCHOOLS AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE INCLUDING HEALTH SCIENCES, ARCHITECTURE, ENGINEERING, LETTERS & SCIENCES, NURSING, AND GRADUATE SCHOOL.EDUCATION: COMMUNITY SERVICE PROGRAMS INCLUDING SEMINARS, LECTURES, AND PERFORMANCES SPONSORED BY THE UNIVERSITY OF WISCONSIN-MILWAUKEE FOR THE ENRICHMENT OF THE METRO-MILWAUKEE COMMUNITY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
David Gilbert
President; Ex-Officio
$258,955
Curtis Stang
Coo; Ex-Officio
$153,842
Lawrence J Schnuck
Chair
$0
William B Coleman
Treasurer
$0
John Kissinger
Vice Chair
$0
Christina Fiasca
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$835,698
Membership dues$0
Fundraising events$17,692
Related organizations$0
Government grants $235,182
All other contributions, gifts, grants, and similar amounts not included above$16,592,728
Noncash contributions included in lines 1a–1f $1,528,675
Total Revenue from Contributions, Gifts, Grants & Similar$17,681,300
Total Program Service Revenue$0
Investment income $1,955,188
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,480
Net Gain/Loss on Asset Sales $3,457,142
Net Income from Fundraising Events -$1,890
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,105,220

Grants Awarded

Over the last fiscal year, Uwm Foundation Inc has awarded $11,721,159 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF WISCONSIN - MILWAUKEE

PURPOSE: TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS

$11,393,159

THE UWM RESEARCH FOUNDATION INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS

$228,000

THE UWM REAL ESTATE FOUNDATION INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Uwm Foundation Inc has recieved totaling $15,060.

Awarding OrganizationAmount
$15,000
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$60
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$95,310,471
Earnings$26,319,890
Net Contributions$5,302,787
Other Expense$3,542,072
Ending Balance$123,391,076

Peer Organizations

Create an account to unlock the data you need.

or