Western Kentucky University Foundation

Organization Overview

Western Kentucky University Foundation, operating under the name Wku Foundation, is located in Bowling Green, KY. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wku Foundation 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 12/2021, Wku Foundation generated $12.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Wku Foundation has awarded 43 individual grants totaling $36,019,923. 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

PROGRAM SERVICES BENEFITTING WKU FACULTY, STAFF, AND STUDENTS - APPROXIMATELY 20,141 SERVED IN 2021.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM SERVICES BENEFITTING THE FACULTY AND STUDENTS OF WESTERN KENTUCKY UNIVERSITY - APPROXIMATELY 20,141 PEOPLE WERE SERVED DURING 2021.


FUNDING FOR PUBLIC SERVICE AREAS OF WESTERN KENTUCKY UNIVERSITY (PUBLIC BROADCASTING, KENTUCKY MUSEUM, CLINICAL EDUCATION COMPLEX) TO BENEFIT RESIDENTS OF SOUTH CENTRAL KENTUCKY, NORTHERN TENNESSEE, AND SOUTHERN INDIANA - APPROXIMATELY 1,000,000 PEOPLE WERE SERVED DURING 2021.


FUNDING FOR THE CONSTRUCTION AND EQUIPMENT COSTS ASSOCIATED WITH THE CONSTRUCTION OF SEVERAL BUILDINGS ON WKUS MAIN CAMPUS - APPROXIMATELY 20,141 PEOPLE WERE SERVED DURING 2021.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Phelps General Construction
Construction Contractor
$187,500
John Thomas Design Llc
Architecture/graphic Design
$119,582
National Public Radio
Radio Programming Fees
$137,231
Advent Llc
Athletic Marketing/promotion
$146,058
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $87,700
All other contributions, gifts, grants, and similar amounts not included above$6,872,623
Noncash contributions included in lines 1a–1f $377,607
Total Revenue from Contributions, Gifts, Grants & Similar$6,960,323
Total Program Service Revenue$0
Investment income $1,629,703
Tax Exempt Bond Proceeds $0
Royalties $615
Net Rental Income $186
Net Gain/Loss on Asset Sales $3,783,978
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,431,849

Grants Awarded

Over the last fiscal year, Western Kentucky University Foundation has awarded $2,269,412 in support to 6 organizations.

Grant RecipientAmount

WESTERN KENTUCKY UNIVERSITY

Org PageRecipient Profile

Bowling Green, KY

PURPOSE: TO PROVIDE CULTURAL, ACADEMIC, CONSTRUCTION AND OTHER GENERAL SUPPORT

$2,026,063

HILLTOPPER ATHLETIC FOUNDATION INC

Org PageRecipient Profile

Bowling Green, KY

PURPOSE: TO PROVIDE SUPPORT OF CAMPUS ATHLETIC FACILITIES AND FOR SCHOLARSHIPS

$134,836

COLLEGE HEIGHTS FOUNDATION

Org PageRecipient Profile

Bowling Green, KY

PURPOSE: TO PROVIDE SUPPORT OF SCHOLARSHIPS

$52,334

WKU ALUMNI SQUARE DEVELOPMENT LLC

PURPOSE: TO OWN, DEVELOP, AND OPERATE THE ALUMNI GARAGE WRAP, COURTYARD, AND PARKING LOT ACROSS FROM THE ALUMNI GARAGE.

$25,186

LIFEWORKS AT WESTERN KENTUCKY UNIVERSITY

Org PageRecipient Profile

Bowling Green, KY

PURPOSE: TO PROVIDE RESEARCH, SERVICE, AND LIFELONG LEARNING OPPORTUNITIES FOR STUDENTS, FACULTY

$25,000

WKU ALUMNI ASSOCIATION

Org PageRecipient Profile

Bowling Green, KY

PURPOSE: TO SUPPORT ALUMNI ACTIVITIES

$5,993
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Western Kentucky University Foundation has recieved totaling $350.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$50
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$50
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$50
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$50
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$50
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$50
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$73,776,592
Earnings$14,160,476
Net Contributions$1,147,859
Other Expense$650,260
Ending Balance$88,434,667

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