University Of Wisconsin-Eau Claire Foundation Inc

Organization Overview

University Of Wisconsin-Eau Claire Foundation Inc is located in Eau Claire, WI. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University Of Wisconsin-Eau Claire Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Wisconsin-Eau Claire 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, University Of Wisconsin-Eau Claire Foundation Inc generated $22.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $9.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE SHALL BE TO PROVIDE FINANCIAL AID AND ASSISTANCE TO WORTHY AND NEEDY STUDENTS AT THE UNIVERSITY OF WISCONSIN-EAU CLAIRE, TO ENCOURAGE SCHOLARSHIP, TO PARTICIPATE IN AND ENCOURAGE ALL ENDEAVORS TO ADVANCE THE CAUSE OF EDUCATION AT THIS UNIVERSITY, TO ASSIST IN DEVELOPING AND INCREASING THE OPPORTUNITIES FOR STUDENTS AT THIS UNIVERSITY PRIMARILY IN THE AREAS OTHER THAN THOSE IN WHICH THE STATE OF WISCONSIN ORDINARILY MAKES APPROPRIATIONS AND TO DO ALL ACTS THAT THE CORPORATION SHALL DEEM TO BE IN THE INTEREST OF SAID UNIVERSITY. THE FUNDS OF THE CORPORATION SHALL BE INVESTED IN THE INVESTMENTS THAT SHALL MEET THE STANDARDS THAT THE CORPORATION, IN ITS DISCRETION, SHALL FROM TIME TO TIME DETERMINE, AND SHALL NOT BE RESTRICTED TO INVESTMENTS QUALIFYING AS TRUST FUND INVESTMENTS UNDER THE LAWS OF THE STATE OF WISCONSIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DISBURSED NEARLY 70% OF THEIR TOTAL PROGRAM EXPENSES FOR UNIVERSITY PROGRAMS. THIS REPRESENTS FUNDING FOR GENERAL OPERATIONAL SUPPORT OF UNIVERSITY DEPARTMENTS AND COLLEGES. THIS INCLUDES FUNDING FOR DEPARTMENT ADVANCEMENT FUNDS THAT ARE USED TO SUPPORT PROJECTS AND ACTIVITIES NOT SUPPORTED BY STATE FUNDING. THE GENERAL NUMBER IMPACTED BY THAT TYPE OF PROGRAM IS 40 ADMINISTRATIVE UNITS ON CAMPUS AND 900 ADMINISTRATIVE AND OPERATIONAL SUPPORT STAFF.


STUDENT SCHOLARSHIPS AND AWARDS IS THE SECOND LARGEST PROGRAM SERVICE OFFERED BY THE FOUNDATION. THIS EQUATES TO OVER 30% OF TOTAL PROGRAM EXPENSES. FUNDING COMES FROM RESTRICTED AND UNRESTRICTED FUNDS. THE NUMBER OF SCHOLARSHIP RECIPIENTS IS OVER 1,387 STUDENTS.


THE THIRD LARGEST AREA OF FOUNDATION FUNDING SUPPORT IS FOR THE BLUGOLD RADIO. THE BLUGOLD OPERATES A NON-COMMERCIAL EDUCATIONAL RADIO STATION WITH THE EDUCATIONAL OBJECTIVE OF PROVIDING STUDENTS WITH UNIQUE LEARNING OPPORTUNITIES, PROMOTING THE INTERESTS OF THE UNIVERSITY OF WISCONSIN-EAU CLAIRE, AND EDUCATING ITS AUDIENCE ABOUT IMPORTANT LOCAL CULTURAL AND GOVERNMENTAL MATTERS. OPERATIONS OF BLUGOLD RADIO CEASED ON 12/16/2020.


THE FOUNDATION DISBURSED NEARLY 70% OF THEIR TOTAL PROGRAM EXPENSES FOR UNIVERSITY PROGRAMS. THIS REPRESENTS FUNDING FOR GENERAL OPERATIONAL SUPPORT OF UNIVERSITY DEPARTMENTS AND COLLEGES. THIS INCLUDES FUNDING FOR DEPARTMENT ADVANCEMENT FUNDS THAT ARE USED TO SUPPORT PROJECTS AND ACTIVITIES NOT SUPPORTED BY STATE FUNDING. THE GENERAL NUMBER IMPACTED BY THAT TYPE OF PROGRAM IS 40 ADMINISTRATIVE UNITS ON CAMPUS AND 900 ADMINISTRATIVE AND OPERATIONAL SUPPORT STAFF.


STUDENT SCHOLARSHIPS AND AWARDS IS THE SECOND LARGEST PROGRAM SERVICE OFFERED BY THE FOUNDATION. THIS EQUATES TO OVER 30% OF TOTAL PROGRAM EXPENSES. FUNDING COMES FROM RESTRICTED AND UNRESTRICTED FUNDS. THE NUMBER OF SCHOLARSHIP RECIPIENTS IS OVER 1,387 STUDENTS.


THE THIRD LARGEST AREA OF FOUNDATION FUNDING SUPPORT IS FOR THE BLUGOLD RADIO. THE BLUGOLD OPERATES A NON-COMMERCIAL EDUCATIONAL RADIO STATION WITH THE EDUCATIONAL OBJECTIVE OF PROVIDING STUDENTS WITH UNIQUE LEARNING OPPORTUNITIES, PROMOTING THE INTERESTS OF THE UNIVERSITY OF WISCONSIN-EAU CLAIRE, AND EDUCATING ITS AUDIENCE ABOUT IMPORTANT LOCAL CULTURAL AND GOVERNMENTAL MATTERS. OPERATIONS OF BLUGOLD RADIO CEASED ON 12/16/2020.


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Board, Officers & Key Employees

Name (title)Compensation
Lori Maassen
Assistant Treasurer
$0
Michelle Olson
Assistant Secretary
$0
Andrew Burish
Past Chair
$0
Eric Wan
Vice Chair
$0
Patricia Lien
Assistant Treasurer
$0
Christine Smith
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,093,417
Noncash contributions included in lines 1a–1f $1,342,692
Total Revenue from Contributions, Gifts, Grants & Similar$15,093,417
Total Program Service Revenue$58,212
Investment income $1,586,559
Tax Exempt Bond Proceeds $0
Royalties $11,292
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,540,203
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$10,114
Miscellaneous Revenue$0
Total Revenue $22,599,486

Grants Awarded

Over the last fiscal year, University Of Wisconsin-Eau Claire Foundation Inc has awarded $16,665,669 in support to 6 organizations.

Grant RecipientAmount

UNIVERSITY OF WISCONSIN - EAU CLAIRE

PURPOSE: UNIVERSITY DEPARTMENT SUPPORT

$4,555,223

UNIVERSITY OF WISCONSIN - EAU CLAIRE

PURPOSE: UNIVERSITY DEPARTMENT SUPPORT

$4,555,223

UNIVERSITY OF WISCONSIN - EAU CLAIRE

PURPOSE: UNIVERSITY DEPARTMENT SUPPORT

$4,555,223

BLUGOLD REAL ESTATE FOUNDATION INC

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: ORGANIZATION SUPPORT

$1,000,000

BLUGOLD REAL ESTATE FOUNDATION INC

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: ORGANIZATION SUPPORT

$1,000,000

BLUGOLD REAL ESTATE FOUNDATION INC

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: ORGANIZATION SUPPORT

$1,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 24 grants that University Of Wisconsin-Eau Claire Foundation Inc has recieved totaling $833,599.

Awarding OrganizationAmount
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: EDUCATION

$472,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$70,650
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$50,987
Eau Claire Community Foundation

Eau Claire, WI

PURPOSE: SCHOLARSHIPS, UNRESTRICTED

$41,400
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$40,000
Rath Foundation Inc

Janesville, WI

PURPOSE: EDUCATION ENDOWMENT

$31,668
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$65,168,815
Earnings$16,242,415
Admin Expense$2,364,795
Net Contributions$15,089,066
Other Expense$3,931,997
Grants$1,712,778
Ending Balance$88,490,726

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