Form 990 for tax year 2023
Filed by UNIVERSITY OF WISCONSIN FOUNDATION.
Totals
- Total revenue
- $776,771,718
- Total expenses
- $564,023,383
- Contributions and grants received
- $474,785,518
- Grants paid
- $456,253,257
- Program service revenue
- $1,158,779
- Investment income
- $300,118,550
- Other revenue
- $708,871
- Total assets, end of year
- $5,809,599,535
- Total liabilities, end of year
- $371,257,291
- Net assets or fund balances, end of year
- $5,438,342,244
- Program services expenses (Part IX)
- $495,242,891
- Management and general expenses
- $28,199,771
- Fundraising expenses
- $40,580,721
- Program service expenses (Part III)
- $495,242,891
Program services were 87.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$595,443
-
1e · Government grants (contributions)
$48,916,248
-
1f · All other contributions, gifts and grants
$425,273,827
-
1g · Noncash contributions included above
$53,579,377
-
2a · Program service revenue: REGISTRATION
total $778,480 · related or exempt $778,480
-
2b · Program service revenue: TRAVEL/TOUR COMMISSIONS
total $310,428 · related or exempt $250,924 · unrelated business $59,504
-
2c · Program service revenue: PUBLICATIONS
total $69,871 · unrelated business $69,871
-
3 · Investment income
total $83,808,402 · unrelated business $18,762,722 · excluded $65,045,680
-
5 · Royalties
total $539,474 · excluded $539,474
-
6b · Less rental expenses
real property $54,000
-
6c · Rental income or loss
real property -$54,000
-
6d · Net rental income or loss
total -$54,000 · excluded -$54,000
-
7a · Gross sales of assets other than inventory
securities $5,247,348,993
-
7b · Less cost or other basis and sales expenses
securities $5,030,445,774 · other assets $593,071
-
7c · Gain or loss
securities $216,903,219 · other assets -$593,071
-
7d · Net gain or loss
total $216,310,148 · unrelated business $139,182 · excluded $216,170,966
-
10a · Gross sales of inventory
$46,902
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $46,902 · related or exempt $46,902
-
11d · All other revenue
total $176,495 · excluded $176,495
-
11e · Other revenue, total
$176,495
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $456,253,257 · program services $456,253,257
-
5 · Compensation of officers, directors and key employees
total $4,699,873 · management and general $3,824,967 · fundraising $874,906
-
7 · Other salaries and wages
total $26,254,769 · management and general $7,323,009 · fundraising $18,931,760
-
8 · Pension plan contributions
total $2,877,641 · management and general $1,036,351 · fundraising $1,841,290
-
9 · Other employee benefits
total $4,398,634 · management and general $1,890,573 · fundraising $2,508,061
-
10 · Payroll taxes
total $2,373,656 · management and general $861,346 · fundraising $1,512,310
-
11b · Fees: legal
total $354,551 · management and general $125,887 · fundraising $228,664
-
11c · Fees: accounting
total $504,205 · management and general $504,205
-
11e · Fees: professional fundraising services
total $133,417 · fundraising $133,417
-
11f · Fees: investment management
total $38,989,634 · program services $38,989,634
-
11g · Fees: other
total $4,157,094 · management and general $1,546,302 · fundraising $2,610,792
-
12 · Advertising and promotion
total $413,975 · fundraising $413,975
-
13 · Office expenses
total $3,571,583 · management and general $1,534,115 · fundraising $2,037,468
-
14 · Information technology
total $4,671,698 · management and general $1,682,286 · fundraising $2,989,412
-
16 · Occupancy
total $1,814,831 · management and general $653,375 · fundraising $1,161,456
-
17 · Travel
total $693,963 · management and general $168,247 · fundraising $525,716
-
19 · Conferences, conventions and meetings
total $2,268,151 · fundraising $2,268,151
-
22 · Depreciation, depletion and amortization
total $3,201,933 · management and general $1,153,141 · fundraising $2,048,792
-
23 · Insurance
total $739,754 · management and general $266,414 · fundraising $473,340
-
24a · Other expenses: BAD DEBT
total $3,773,086 · management and general $3,773,086
-
24b · Other expenses: INCOME TAX LIABILITY
total $1,846,187 · management and general $1,846,187
-
24e · All other expenses
total $31,491 · management and general $10,280 · fundraising $21,211
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $400 · end of year $400
-
2 · Savings and temporary cash investments
beginning of year $20,376,983 · end of year $12,675,091
-
3 · Pledges and grants receivable
beginning of year $72,167,885 · end of year $144,152,080
-
4 · Accounts receivable
beginning of year $70,481,721 · end of year $177,241,528
-
7 · Other notes and loans receivable
beginning of year $184,147 · end of year $159,147
-
9 · Prepaid expenses and deferred charges
beginning of year $2,164,092 · end of year $4,440,519
-
10a · Land, buildings and equipment: cost or other basis
$36,091,108
-
10b · Land, buildings and equipment: accumulated depreciation
$15,925,765
-
10c · Land, buildings and equipment, net
beginning of year $21,084,289 · end of year $20,165,343
-
11 · Investments: publicly traded securities
beginning of year $3,936,292,034 · end of year $3,937,157,317
-
12 · Investments: other securities
beginning of year $1,130,410,790 · end of year $1,507,750,806
-
15 · Other assets
beginning of year $5,811,001 · end of year $5,857,304
-
17 · Accounts payable and accrued expenses
beginning of year $67,257,049 · end of year $27,895,906
-
21 · Escrow or custodial account liability
beginning of year $257,496,470 · end of year $292,270,221
-
25 · Other liabilities
beginning of year $50,460,314 · end of year $51,091,164
-
27 · Net assets without donor restrictions
beginning of year $155,178,205 · end of year $216,940,298
-
28 · Net assets with donor restrictions
beginning of year $4,728,581,304 · end of year $5,221,401,946
Mission and programs · 2023
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.
Activities or mission (Part I)
UNIVERSITY OF WISCONSIN FOUNDATION AIDS UNIVERSITY OF WISCONSIN-MADISON BY SOLICITING GIFTS & BEQUESTS, ADMINISTERS & INVESTS SECURITIES & PROPERTIES, & DISTRIBUTES PAYMENTS FOR THE BENEFIT OF UNIVERSITY OF WISCONSIN - MADISON.
-
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.
Expenses $153,614,785 · Grants $153,614,785
-
CAPITAL ADDITIONS AND FACILITIES - THE UW FOUNDATION PROVIDED $105 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.
Expenses $104,996,375 · Grants $104,996,375
-
FACULTY SUPPORT AND RESEARCH - WITH OVER $74 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 2024, THE NUMBER OF ENDOWED FUNDS SUPPORTING FACULTY TOTALED 810 WITH AN ADDITIONAL 410 FUNDS SPECIFICALLY DESIGNATED FOR RESEARCH AND RESEARCH EQUIPMENT.
Expenses $74,574,859 · Grants $74,574,859
-
ACADEMIC, PATIENT, AND STUDENT PROGRAM SUPPORT - THE UW FOUNDATION PROVIDED $63 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.
Expenses $63,003,421 · Grants $63,003,421
-
STUDENT SCHOLARSHIP AND FINANCIAL AID SUPPORT - UNIVERSITY OF WISCONSIN UNDERGRADUATE, GRADUATE, AND PROFESSIONAL STUDENTS RECEIVED $60 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 2024, UW FOUNDATION MANAGED OVER 5,600 GIFT FUNDS THAT PROVIDE SUPPORT TO UNIVERSITY OF WISCONSIN STUDENTS.
Expenses $60,063,817 · Grants $60,063,817
-
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.
Expenses $38,989,634
-
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 80,000 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 16,500 WAA MEMBERS VIA EMAIL. "FLAMINGLE" IS A WEEKLY EMAIL, SENT TO APPROXIMATELY 90,000 ALUMNI, CONTAINING VARIOUS ARTICLES OF INTEREST. "BADGER VIBES" IS A MONTHLY EMAIL SENT TO APPROXIMATELY 35,000 WAA MEMBERS AND ALUMNI OF COLOR. "THE UW NOW WEEKLY" IS A WEEKLY EMAIL, SENT TO APPROXIMATELY 141,000 ALUMNI AND DONORS.
Revenue $1,205,681
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael M KnetterMICHAEL M KNETTER
CHIEF EXECUTIVE OFFICER/EX OFFICIO
- Total calculated
- $935,115
- From this org
- $800,626
- From related orgs
- $0
- Other
- $134,489
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $619,835
- Bonus
- $167,497
- Other
- $13,294
- Deferred
- $121,520
- Nontaxable benefits
- $12,969
- Filer's total
- $935,115
-
Paul S ShainPAUL S SHAIN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Louis A HollandLOUIS A HOLLAND
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Linda L AhlersLINDA L AHLERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rajiv BatraRAJIV BATRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michelle A BehnkeMICHELLE A BEHNKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan J CellmerSUSAN J CELLMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Suzanne N DewolfSUZANNE N DEWOLF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey J DiermeierJEFFREY J DIERMEIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sonnet C EdmondsSONNET C EDMONDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan S EngeleiterSUSAN S ENGELEITER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael B FerdmanMICHAEL B FERDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Colleen A GogginsCOLLEEN A GOGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth M Quadracci HarnedELIZABETH M QUADRACCI HARNED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elzie L HigginbottomELZIE L HIGGINBOTTOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William P HsuWILLIAM P HSU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia A IhlenfeldCYNTHIA A IHLENFELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peter S KiesPETER S KIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Valarie King-BaileyVALARIE KING-BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jun W LeeJUN W LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roger M MansukhaniROGER M MANSUKHANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alice D MortensonALICE D MORTENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lorna E NaglerLORNA E NAGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David O NicholasDAVID O NICHOLAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan S PattersonSUSAN S PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephen R PetersenSTEPHEN R PETERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Todd C PulvinoTODD C PULVINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christine A RotschCHRISTINE A ROTSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Laureen E SeegerLAUREEN E SEEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael S ShannonMICHAEL S SHANNON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sandra G SponemSANDRA G SPONEM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas D StevensTHOMAS D STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patrick A ThielePATRICK A THIELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James T ThompsonJAMES T THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey D WiesnerJEFFREY D WIESNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul J CollinsPAUL J COLLINS
EX OFFICIO - TERM IS CONTINUOUS
- Total calculated
- $0
- Hours/week
- 2
-
Jere D FlunoJERE D FLUNO
EX OFFICIO - TERM IS CONTINUOUS
- Total calculated
- $0
- Hours/week
- 2
-
Ted D KellnerTED D KELLNER
EX OFFICIO - TERM IS CONTINUOUS
- Total calculated
- $0
- Hours/week
- 2
-
John J OrosJOHN J OROS
EX OFFICIO - TERM IS CONTINUOUS
- Total calculated
- $0
- Hours/week
- 2
-
Frances S TaylorFRANCES S TAYLOR
EX OFFICIO - TERM IS CONTINUOUS
- Total calculated
- $0
- Hours/week
- 2
-
Michael L StohlerMICHAEL L STOHLER
CIO
- Total calculated
- $1,622,677
- From this org
- $1,570,221
- From related orgs
- $0
- Other
- $52,456
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $850,954
- Bonus
- $718,817
- Other
- $450
- Deferred
- $33,000
- Nontaxable benefits
- $19,456
- Filer's total
- $1,622,677
-
Alisa A RobertsonALISA A ROBERTSON
PRESIDENT/CHIEF ADVANCEMENT OFFICER
- Total calculated
- $581,611
- From this org
- $522,035
- From related orgs
- $0
- Other
- $59,576
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $396,374
- Bonus
- $109,200
- Other
- $16,461
- Deferred
- $40,120
- Nontaxable benefits
- $19,456
- Filer's total
- $581,611
-
Carl J LaurinoCARL J LAURINO
CFO
- Total calculated
- $403,369
- From this org
- $356,988
- From related orgs
- $0
- Other
- $46,381
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $299,808
- Bonus
- $55,200
- Other
- $1,980
- Deferred
- $26,925
- Nontaxable benefits
- $19,456
- Filer's total
- $403,369
-
Brenda J PhebusBRENDA J PHEBUS
CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $235,506
- From this org
- $195,690
- From related orgs
- $0
- Other
- $39,816
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $195,000
- Bonus
- $0
- Other
- $690
- Deferred
- $20,360
- Nontaxable benefits
- $19,456
- Filer's total
- $235,506
-
Nicole R McDonaldNICOLE R MCDONALD
CONTROLLER/TREASURER
- Total calculated
- $230,397
- From this org
- $219,320
- From related orgs
- $0
- Other
- $11,077
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $218,450
- Bonus
- $600
- Other
- $270
- Deferred
- $9,579
- Nontaxable benefits
- $1,498
- Filer's total
- $230,397
-
Abigail A CahakABIGAIL A CAHAK
CHIEF LEGAL OFFICER
- Total calculated
- $216,361
- From this org
- $189,906
- From related orgs
- $0
- Other
- $26,455
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $189,636
- Bonus
- $0
- Other
- $270
- Deferred
- $19,250
- Nontaxable benefits
- $7,205
- Filer's total
- $216,361
-
Falicia N HinesFALICIA N HINES
SECRETARY
- Total calculated
- $191,213
- From this org
- $155,975
- From related orgs
- $0
- Other
- $35,238
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $155,075
- Bonus
- $600
- Other
- $300
- Deferred
- $16,005
- Nontaxable benefits
- $19,233
- Filer's total
- $191,213
-
Christopher A MooreCHRISTOPHER A MOORE
DEPUTY CHIEF INVESTMENT OFFICER
- Total calculated
- $899,343
- From this org
- $846,887
- From related orgs
- $0
- Other
- $52,456
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $491,017
- Bonus
- $355,180
- Other
- $690
- Deferred
- $33,000
- Nontaxable benefits
- $19,456
- Filer's total
- $899,343
-
Richard J ShepleyRICHARD J SHEPLEY
SR. MANAGING DIRECTOR OF INVESTMENTS
- Total calculated
- $884,275
- From this org
- $831,819
- From related orgs
- $0
- Other
- $52,456
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $475,949
- Bonus
- $355,180
- Other
- $690
- Deferred
- $33,000
- Nontaxable benefits
- $19,456
- Filer's total
- $884,275
-
Katherine L WybleKATHERINE L WYBLE
MANAGING DIRECTOR OF INVESTMENTS
- Total calculated
- $702,062
- From this org
- $672,714
- From related orgs
- $0
- Other
- $29,348
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $388,300
- Bonus
- $284,144
- Other
- $270
- Deferred
- $27,850
- Nontaxable benefits
- $1,498
- Filer's total
- $702,062
-
Sean ArpSEAN ARP
CHIEF OPERATING OFF OF INVESTMENTS
- Total calculated
- $461,108
- From this org
- $424,006
- From related orgs
- $0
- Other
- $37,102
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $366,954
- Bonus
- $56,602
- Other
- $450
- Deferred
- $17,646
- Nontaxable benefits
- $19,456
- Filer's total
- $461,108
-
James G ElkinsJAMES G ELKINS
DIRECTOR OF INVESTMENTS
- Total calculated
- $372,956
- From this org
- $349,608
- From related orgs
- $0
- Other
- $23,348
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $213,431
- Bonus
- $135,907
- Other
- $270
- Deferred
- $21,850
- Nontaxable benefits
- $1,498
- Filer's total
- $372,956
-
John C NortonJOHN C NORTON
FORMER ASSISTANT TREASURER
- Total calculated
- $239,341
- From this org
- $210,885
- From related orgs
- $0
- Other
- $28,456
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $210,435
- Bonus
- $0
- Other
- $450
- Deferred
- $21,215
- Nontaxable benefits
- $7,241
- Filer's total
- $239,341
-
Scott T McKinneySCOTT T MCKINNEY
FORMER CHIEF LEGAL OFFICER
- Total calculated
- $232,499
- From this org
- $199,375
- From related orgs
- $0
- Other
- $33,124
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $198,685
- Bonus
- $0
- Other
- $690
- Deferred
- $20,155
- Nontaxable benefits
- $12,969
- Filer's total
- $232,499
-
Sarah L SchuttSARAH L SCHUTT
FORMER CHIEF ALUMNI OFFICER & EXEC.
- Total calculated
- $221,635
- From this org
- $183,294
- From related orgs
- $0
- Other
- $38,341
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $182,004
- Bonus
- $0
- Other
- $1,290
- Deferred
- $18,936
- Nontaxable benefits
- $19,405
- Filer's total
- $221,635
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 5a · Pay contingent on this organization's revenues
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PERSONAL USE PORTION OF MICHAEL M. KNETTER'S AND ALISA ROBERTSON'S COUNTRY CLUB MEMBERSHIP IN THE AMOUNT OF $3,753 AND $4,079 WERE TREATED AS TAXABLE COMPENSATION.
- PART I, LINE 4B
- MICHAEL M. KNETTER PARTICIPATES IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN OF THE UNIVERSITY OF WISCONSIN FOUNDATION. THE UNIVERSITY OF WISCONSIN FOUNDATION CONTRIBUTED $66,020 TO THIS PLAN DURING 2023.
- PART I, LINE 5
- COMPENSATION CONTINGENT ON REVENUES: THE CHIEF EXECUTIVE OFFICER, PRESIDENT & CHIEF ADVANCEMENT OFFICER, AND CHIEF DEVELOPMENT OFFICER PARTICIPATE IN AN INCENTIVE COMPENSATION ARRANGEMENT. THESE EXECUTIVES VARIABLE COMPENSATION IS BASED ON PERFORMANCE AGAINST A SCORECARD AND INCLUDES A COMPONENT BASED ON DEVELOPMENT DOLLARS RECEIVED. THE CATEGORIES AND METRICS ARE REVIEWED AND ADJUSTED ANNUALLY BY THE EXECUTIVE COMMITTEE. THERE IS ALSO A QUALITATIVE COMPONENT TO EACH SCORECARD.
- PART I, LINE 7
- ORGANIZATION PROVIDING NON-FIXED PAYMENTS NOT DESCRIBED IN LINES 5 & 6: BEGINNING WITH CALENDAR YEAR 2007, THE INVESTMENT COMMITTEE OF THE UNIVERSITY OF WISCONSIN FOUNDATION BOARD INSTITUTED AN INCENTIVE COMPENSATION PLAN FOR SELECTED PARTICIPANTS OF THE UW FOUNDATION INVESTMENT MANAGEMENT GROUP. THE BOARD OF DIRECTORS AND THE CEO OF THE UNIVERSITY OF WISCONSIN FOUNDATION APPROVED THE ESTABLISHMENT OF THE PLAN WHICH IS DETAILED BELOW: PARTICIPANTS: CHIEF INVESTMENT OFFICER, SENIOR DIRECTORS OF INVESTMENTS AND OTHERS RECOMMENDED BY THE CEO AND APPROVED BY THE INVESTMENT COMMITTEE AND THE EXECUTIVE COMMITTEE. INCENTIVE COMPENSATION: PARTICIPANTS ARE ELIGIBLE FOR AWARDS RANGING FROM ZERO TO 60% OF THEIR ANNUAL BASE CASH COMPENSATION EARNED IN THE CALENDAR YEAR UNDER REVIEW. THE CEO, IN CONSULTATION WITH THE CHAIR OF THE INVESTMENT COMMITTEE, RECOMMENDS APPROPRIATE PERCENTAGE INCENTIVE OPPORTUNITY BASED ON MARKET VALIDATED TOTAL CASH COMPENSATION BASED ON THE WFAA COMPENSATION PHILOSOPHY. THE AWARD AMOUNT IS BASED ON A RETROSPECTIVE ASSESSMENT OF PERFORMANCE AGAINST GOALS (COMPARED TO PRE-DETERMINED BENCHMARK) ON A SET OF WEIGHTED FACTORS CUSTOMIZED FOR EACH ELIGIBLE EMPLOYEE. THESE ASSESSMENTS ARE COMPLETED AS DATA BECOMES AVAILABLE FOR THE PRIOR CALENDAR YEAR, AND ARE SUBSEQUENTLY PRESENTED TO THE EXECUTIVE COMMITTEE FOR APPROVAL. INCENTIVE COMPENSATION AWARDED UNDER THIS PLAN WILL NOT TRIGGER ADDITIONAL CONTRIBUTIONS TO THE FOUNDATION'S DEFINED CONTRIBUTION 401(K) PLAN. FACTORS TO CONSIDER: IN DETERMINING THE PERCENTAGE OF SALARY TO BE AWARDED, EACH ELIGIBLE PARTICIPANT WILL BE EVALUATED ON INVESTMENT RETURN RESULTS AS WELL AS NON-FINANCIAL FACTORS RELATED TO HIS/HER PERFORMANCE. THE SPECIFIC FACTORS, COMPARISONS, TIMEFRAMES AND WEIGHTINGS WILL BE DETERMINED BY THE INVESTMENT COMMITTEE CHAIR, IN CONSULTATION WITH THE CEO, BASED ON EACH INDIVIDUAL PARTICIPANT'S ROLE, LENGTH OF SERVICE, ASSET CLASS RESPONSIBILITY AND OTHER RELEVANT FACTORS. THESE PERSONALIZED PERFORMANCE MEASURES WILL BE DOCUMENTED IN MATRICES, AND APPROVED BY THE EXECUTIVE COMMITTEE FOR EACH PARTICIPANT PRIOR TO THE BEGINNING OF THE CALENDAR YEAR TO BE MEASURED. METHOD OF PAYMENT: PAYMENTS WILL BE AWARDED AS CASH.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
UNIVERSITY OF WISCONSIN MADISON
$153,614,785
SEE SCH I, PART IV
-
UNIVERSITY OF WISCONSIN MADISON
$104,996,375
SEE SCH I, PART IV
-
UNIVERSITY OF WISCONSIN MADISON
$74,574,859
SEE SCH I, PART IV
-
UNIVERSITY OF WISCONSIN MADISON
$63,003,421
SEE SCH I, PART IV
-
UNIVERSITY OF WISCONSIN MADISON
$60,063,817
SEE SCH I, PART IV
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SUPPORT ORG · WI · controlled entity
-
501(C)(3) · SUPPORT ORG · WI · controlled entity
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
POOLED INCOME FUND B - 2 PARTICIPANTS
POOLED FUND · WI · controlled entity
Directly controlled by UW FOUNDATION
-
POOLED INCOME FUND A - 4 PARTICIPANTS
POOLED FUND · WI · controlled entity
Directly controlled by UW FOUNDATION
-
CHARITABLE REMAINDER UNITRUST - 87
T · TRUST · WI · controlled entity
Directly controlled by UW FOUNDATION
-
CHARITABLE REMAINDER ANNUITY TRUST - 9
T · TRUST · WI · controlled entity
Directly controlled by UW FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349302751
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