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Wisconsin · Nonprofit

UNIVERSITY OF WISCONSIN FOUNDATION

UNIVERSITY OF WISCONSIN FOUNDATION (Wisconsin) receives grants from 917 organizations whose IRS filings report $788,059,099 to it, the largest being University of Wisconsin Medical Foundation Inc ($170,194,959). 565 of them have funded it in more than one year.

Revenue FY2025
$681M
Funders on record
917
Grants received
$788M
Net assets
$5.9B
565/917 repeat funderspeak grant-dependency 28%
01What it does

What University of Wisconsin Foundation does

Mission

To promote the welfare of and advance the objectives of the university of wisconsin-madison by encouraging the interest, engagement, and financial support of alumni, donors, and friends in the life of the university and with each other.

As stated on its FY2025 Form 990.

Programs

  1. Capital additions and facilities - the uw foundation provided $197 million to the university of wisconsin in support of new building construction, renovation, maintenance, and equipment needs. State-of-the-art facilities help the university attract high-caliber faculty and students. These facilities and grounds provide space, environments, and technologies that promote the highest levels of teaching, learning, and research.

    $196,895,770 spentof which $196,895,770 as grants
    34% of program spending
  2. Discretionary support - the uw foundation provides critical funding to senior university officials granting them the needed flexibility to respond to both existing and unforeseen opportunities. This discretionary support helps further the mission of the university by fulfilling the greatest needs and top priorities of the university.

    $125,029,315 spentof which $125,029,315 as grants
    21% of program spending
  3. Faculty support and research - with $95 million from the uw foundation, university of wisconsin faculty and staff received critical financial support allowing for increased research opportunities and improved classroom experiences for students. Private gift support helps the university attract and retain world-class faculty, which ultimately attracts the best and brightest students, and improves the university's reputation as a leading university. At the end of fiscal year 2025, the number of endowed funds supporting faculty totaled 765 with an additional 339 funds specifically designated for research and research equipment.

    $94,853,881 spentof which $94,853,881 as grants
    16% of program spending
  4. Academic, patient, and student program support - the uw foundation provided $73 million to the university of wisconsin to support its academic, patient, and student support programs. These funds enable students to develop skills and knowledge for growth and success by offering high-quality and responsive programs by employing best practices in teaching, learning, and patient care, influencing people's lives beyond the boundaries of the classroom.

    $73,120,316 spentof which $73,120,316 as grants
    13% of program spending
  5. Student scholarship and financial aid support - university of wisconsin undergraduate, graduate, and professional students received $59 million in scholarships, fellowships and awards from private gift support. Students across all schools and colleges, centers, and programs of the university have the opportunity to receive support. Private gift support is critical to ensuring all students are able to explore their educational opportunities, experience college life, and manage tuition costs. In fiscal year 2025, uw foundation managed over 4,900 gift funds that provide support to university of wisconsin students.

    $58,852,497 spentof which $58,852,497 as grants
    10% of program spending
  6. Investment management - the uw foundation investments team works very closely with an appointed investment committee of the board of directors while helping to both create and manage to a comprehensive investment policy statement, to build pooled portfolios designed to achieve stated objectives, and to help position board-driven policies that are fundamental to the foundation's operational business model.

    $35,906,630 spent
    6% of program spending
  7. Publications - "on wisconsin" is a quarterly publication, mailed to approximately 400,000 alumni, faculty, donors, waa members, and other stakeholders, serving as the official university of wisconsin alumni magazine. "awards" is an annual publication, mailed to approximately 90,000 alumni, waa members, and other stakeholders. "badger insider" is sent to waa members only (approximately 25,000 households) semiannually, serving as the member forum. "digital badger insider", an email companion to the badger insider magazine is sent monthly to approximately 16,000 waa members via email. "flamingle" is a weekly email, sent to approximately 80,000 alumni, containing various articles of interest. "badger vibes" is a monthly email sent to approximately 48,000 waa members and alumni of color. "the uw now weekly" is a weekly email, sent to approximately 130,000 alumni and donors.

    $1,163,609 earned by the program

The 7 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $584,658,409.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($491M) Expenses 100 ($339M) Net assets 100 ($3.5B)2018 Revenue 97 ($476M) Expenses 101 ($342M) Net assets 107 ($3.8B)2019 Revenue 115 ($564M) Expenses 100 ($339M) Net assets 112 ($3.9B)2020 Revenue 108 ($529M) Expenses 93 ($314M) Net assets 114 ($4.0B)2021 Revenue 151 ($739M) Expenses 115 ($392M) Net assets 141 ($5.0B)2022 Revenue 266 ($1.3B) Expenses 112 ($380M) Net assets 129 ($4.5B)2023 Revenue 100 ($490M) Expenses 128 ($436M) Net assets 138 ($4.9B)2024 Revenue 158 ($777M) Expenses 166 ($564M) Net assets 154 ($5.4B)2025 Revenue 139 ($681M) Expenses 194 ($658M) Net assets 167 ($5.9B)
'17'18'19'20'21'22'23'24'25
Revenue (139)Expenses (194)Net assets (167)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $4.4B to $5.7B (+28%).

$3.9B
$4.2B
$4.4B
$4.4B
$5.7B
$5.0B
$5.3B
$5.8B
$6.3B
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 3% · 2020 9% · 2021 6% · 2022 4% · 2023 10% · 2024 6% · 2025 7%. Grants only. Government contracts and fees sit inside program revenue.

51% of UNIVERSITY OF WISCONSIN FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$151M
’17
$134M
’18
$224M
’19
$215M
’20
$347M
’21
$926M
’22
$55M
’23
$213M
’24
$22M
’25
0.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Paul S Shain

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed646869656466615556
Joined·+8+3+2+10+5+1+8+1
No longer listed·4261136140
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 238 funders to 392 funders, grant income rose $50M → $140M.

121 of 917 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $2.0M from one payer (an institutional transfer, not a grant programme, largest Midwest Athletes Against Childhood Cancer Inc); $427k from one payer (the payer shares this organization's board, largest Uw-Madison Supporting Organization Inc). These are real filings, and they are not money UNIVERSITY OF WISCONSIN FOUNDATION raised.

From the IRS filings of UNIVERSITY OF WISCONSIN FOUNDATION’s funders (the co-funder graph). Top 30 of 917 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

UNIVERSITY OF WISCONSIN FOUNDATION has a broad base — no single funder exceeds 22% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

56% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund UNIVERSITY OF WISCONSIN FOUNDATION.

22%
largest funder
44%
top three
~12
effective funders

Largest funder’s share by year: 2017 38% · 2018 52% · 2019 64% · 2020 23% · 2021 46% · 2022 23% · 2023 18% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

47% of UNIVERSITY OF WISCONSIN FOUNDATION's funders are still giving 3 years after their first grant; 62% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

54% of UNIVERSITY OF WISCONSIN FOUNDATION's grant income comes from Wisconsin funders.

VT
WA
MT
MN
IL
WI
MI
NY
MA
OR
NV
SD
IA
IN
OH
PA
NJ
CT
RI
CA
CO
NE
MO
KY
VA
MD
DE
AZ
KS
TN
NC
DC
AL
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. $224M arriving through sponsors registered in 32 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

UNIVERSITY OF WISCONSIN FOUNDATION's funding base is broadening — from 238 funders to 392 as grant income climbed.

Operating margin3% · below the median
Months of reserve0.8mo · below the median
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Organizations like UNIVERSITY OF WISCONSIN FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

89% of spending goes to programs.

Program 89%Management 5%Fundraising 7%

Governance

37
board members
97%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

75%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 40 states

AK
ME
VT
ID
MT
ND
MN
IL
WI
MI
NY
MA
OR
IA
IN
CT
RI
CA
UT
CO
NE
MO
WV
VA
MD
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
FL

Part of a family of 6 related entities

  • The Evjue Foundation Inc · exempt
  • Terry Family Foundation Inc · exempt
  • Pooled Income Fund B - 2 Participants · corp_trust
  • Pooled Income Fund a - 3 Participants · corp_trust
  • Charitable Remainder Unitrust - 86 · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for UNIVERSITY OF WISCONSIN FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds UNIVERSITY OF WISCONSIN FOUNDATION?
UNIVERSITY OF WISCONSIN FOUNDATION (Wisconsin) receives grants from 917 organizations whose IRS filings report $788,059,099 to it, the largest being University of Wisconsin Medical Foundation Inc ($170,194,959). 565 of them have funded it in more than one year.
How many funders does UNIVERSITY OF WISCONSIN FOUNDATION have?
IRS filings report 917 organizations giving $788,059,099 in grants to UNIVERSITY OF WISCONSIN FOUNDATION, 565 of which have funded it in more than one year.
Who is the largest funder of UNIVERSITY OF WISCONSIN FOUNDATION?
University of Wisconsin Medical Foundation Inc is the largest funder on record, with $170,194,959 in grants. The full list of funders is on this page.
How can an organization like UNIVERSITY OF WISCONSIN FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 917 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing