Wayne State University

Organization Overview

Wayne State University is located in Detroit, MI. The organization was established in 1961. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Wayne State University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONS AND OBJECTIVES OF WAYNE STATE UNIVERSITY


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Strategic Investment Management Llc St
Investment Management Services
$1,403,846
Ss&c
Investment Management Services
$113,349
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$11,126,278
Investment income $4,248,039
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,737,192
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,111,509

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Wayne State University has recieved totaling $171,117.

Awarding OrganizationAmount
$48,806
Baiardi Family Foundation Inc

Harbor Springs, MI

PURPOSE: FUND FOR SPEECH AND LANGUAGE CLINICS

$30,000
Joanne Nicolay Foundation

Grosse Pointe, MI

PURPOSE: GENERAL SUPPORT

$26,000
S Gary Spicer Sr Foundation

Grosse Pointe, MI

PURPOSE: GENERAL SUPPORT

$15,500
Flip Wilson Scholarship Fund Trust

Beverly Hills, CA

PURPOSE: CHARITABLE CONTRIBUTION

$14,000
Myer & Lois Franklin Charitable Tr

Jackson, MI

PURPOSE: SCHOLARSHIP

$6,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$420,645,001
Earnings$99,501,707
Admin Expense$1,517,196
Net Contributions$13,282,746
Other Expense$1,774,896
Grants$16,005,257
Ending Balance$514,132,105

Peer Organizations

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