Morgridge Institute Foundation Inc

Organization Overview

Morgridge Institute Foundation Inc is located in Madison, WI. The organization was established in 2017. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgridge Institute 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, Morgridge Institute Foundation Inc generated $74.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $15.5m 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 MORGRIDGE INSTITUTE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE MORGRIDGE INSTITUTE FOR RESEARCH, INC., A TAX-EXEMPT 501(C)3 MEDICAL RESEARCH ORGANIZATION AFFILIATED WITH THE UNIVERSITY OF WISCONSIN - MADISON.THE FOUNDATION ADMINISTERS GIFTS, GRANTS, BEQUESTS, AND DEVISES TO PROMOTE, ENCOURAGE, AND AID THE MISSION AND VISION OF THE INSTITUTE, WHICH IS TO SOLVE MAJOR CHALLENGES TO HUMAN HEALTH BY CONDUCTING, ENABLING, AND TRANSLATING INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN - MADISON AND OTHERS, BY LEVERAGING OUR COLLECTIVE STRENGTH IN RESEARCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION'S MISSION IS TO SUPPORT THE MORGRIDGE INSTITUTE FOR RESEARCH, INC. THE GRANT PROVIDED IS USED BY THE INSTITUTE TO CONDUCT, ENABLE, AND TRANSLATE INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH.


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Board, Officers & Key Employees

Name (title)Compensation
Brad Schwartz
Ceo/trustee
$0
Carl Gulbrandsen
Trustee/chair
$0
Fred Robertson
Trustee/vice Chair
$0
Kathi Stanek
Cfo/coo/treasurer
$0
Brian Mattmiller
Chief Communications Dir./secretary
$0
James Dahlberg
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$13,233,137
Investment income $1,655,214
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $60,053,778
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $74,942,129

Grants Awarded

Over the last fiscal year, Morgridge Institute Foundation Inc has awarded $12,581,431 in support to 2 organizations.

Grant RecipientAmount

MORGRIDGE INSTITUTE FOR RESEARCH INC

Org PageRecipient Profile

Madison, WI

PURPOSE: TO SUPPORT ONGOING RESEARCH & EDUCATION

$12,474,822

WISCONSIN ALUMNI RESEARCH FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: TO SUPPORT ONGOING RESEARCH & EDUCATION

$106,609
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Morgridge Institute Foundation Inc has recieved totaling $895,290.

Awarding OrganizationAmount
John W And Jeanne M Rowe Foundation

Albany, NY

PURPOSE: GENERAL PURPOSES OF ORGANIZATION

$894,271
The Robert Thomas Bobins Foundation

Chicago, IL

PURPOSE: GENERAL SUPPORT

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$19
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$47,525,009
Earnings-$3,696,383
Grants$828,205
Ending Balance$43,000,421

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