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Wisconsin · Nonprofit

WISCONSIN ALUMNI RESEARCH FOUNDATION

WISCONSIN ALUMNI RESEARCH FOUNDATION (Wisconsin) receives grants from 4 organizations whose IRS filings report $681,627 to it, the largest being THE TONG FAMILY FOUNDATION ($500,000). 3 of them have funded it in more than one year. WISCONSIN ALUMNI RESEARCH FOUNDATION administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.

$189M
Revenue FY2025
4
Funders on record
$682k
Grants received
$2.4B
Net assets
3/4 repeat funders

Hosts funds for others

WISCONSIN ALUMNI RESEARCH FOUNDATION administers funds on behalf of other donors. The grants recorded as coming in are contributions into those funds, so they count custody rather than support for a programWISCONSIN ALUMNI RESEARCH FOUNDATION runs itself. This page therefore states the flows and does not draw the comparisons it would draw for an operating charity: concentration, funder retention, grant dependency and the peer field are all left out, because each of them would read a vehicle as if it were a program.

Paid out

$1.2B

Recipients

2

Contributions on record

$1.1M

Donors on record

6

Payments out run 1098.5x the contributions on record, which says the incoming side is incomplete rather than that the vehicle is unusually busy: most donors to a fund like this are individuals, who file no return for us to read.

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The 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.

100 = 20172017 Revenue 100 ($168M) Expenses 100 ($142M) Net assets 100 ($2.5B)2018 Revenue 157 ($264M) Expenses 283 ($404M) Net assets 89 ($2.2B)2019 Revenue 20 ($33M) Expenses 124 ($177M) Net assets 89 ($2.2B)2020 Revenue 152 ($255M) Expenses 107 ($152M) Net assets 88 ($2.2B)2021 Revenue 342 ($574M) Expenses 176 ($251M) Net assets 106 ($2.7B)2022 Revenue -55 ($-91812100) Expenses 107 ($153M) Net assets 90 ($2.3B)2023 Revenue -13 ($-21573356) Expenses 109 ($155M) Net assets 90 ($2.3B)2024 Revenue 84 ($141M) Expenses 109 ($156M) Net assets 93 ($2.3B)2025 Revenue 113 ($189M) Expenses 154 ($220M) Net assets 95 ($2.4B)
'17'18'19'20'21'22'23'24'25
Revenue (113)Expenses (154)Net assets (95)

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

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 reported years ran a deficit.

$26M
17
$140M
18
$144M
19
$103M
20
$323M
21
$244M
22
$177M
23
$15M
24
$31M
25
0.5
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $4k → $1k.

Left out of every figure on this page: $375k from 2 payers (the payer shares this organization's board, largest The Morgridge Institute Foundation Inc). These are real filings, and they are not money WISCONSIN ALUMNI RESEARCH FOUNDATION raised.

From the IRS filings of WISCONSIN ALUMNI RESEARCH FOUNDATION’s funders (the co-funder graph). 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.

Where its funders are

WISCONSIN ALUMNI RESEARCH FOUNDATION draws 98% of its grant income from funders outside Wisconsin, across 3 states in all.

WA
WI
CA

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. 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.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 4 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government funding WISCONSIN ALUMNI RESEARCH FOUNDATION receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10k on record.

Federal$10k
grants $0contracts $10k
Top agencies
  • Department of Agriculture$10k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

04Profile & governance

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

Where the money goes

88% of spending goes to programs.

Program 88%Management 12%Fundraising 0%

Governance

15
board members
93%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 2 states

WI
CA

Part of a family of 7 related entities

  • Warf Properties LLC · disregarded
  • Town Center Dining LLC · disregarded
  • Morgridge Institute for Research · exempt
  • University of Wisconsin-Madison · exempt
  • Siguler Guff Warf Vlli 5 Fund LP · partnership

Screen this organization

A dated, signed PDF of the compliance screen for WISCONSIN ALUMNI RESEARCH 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. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds WISCONSIN ALUMNI RESEARCH FOUNDATION?
WISCONSIN ALUMNI RESEARCH FOUNDATION (Wisconsin) receives grants from 4 organizations whose IRS filings report $681,627 to it, the largest being THE TONG FAMILY FOUNDATION ($500,000). 3 of them have funded it in more than one year. WISCONSIN ALUMNI RESEARCH FOUNDATION administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.
How many funders does WISCONSIN ALUMNI RESEARCH FOUNDATION have?
IRS filings report 4 organizations giving $681,627 in grants to WISCONSIN ALUMNI RESEARCH FOUNDATION, 3 of which have funded it in more than one year.
Who is the largest funder of WISCONSIN ALUMNI RESEARCH FOUNDATION?
THE TONG FAMILY FOUNDATION is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
How can an organization like WISCONSIN ALUMNI RESEARCH 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 4funders 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 August 27, 2026. What this page cannot tell you · view filing