Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $586,660

• 1e · Government grants (contributions)

  $50,155,561

• 1f · All other contributions, gifts and grants

  $296,811,451

• 1g · Noncash contributions included above

  $42,559,765

• 2a · Program service revenue: REGISTRATION

  total $667,073 · related or exempt $667,073

• 2b · Program service revenue: TRAVEL/TOUR COMMISSIONS

  total $354,817 · related or exempt $281,008 · unrelated business $73,809

• 2c · Program service revenue: PUBLICATIONS

  total $78,846 · unrelated business $78,846

• 3 · Investment income

  total $105,152,562 · unrelated business -$3,993,637 · excluded $109,146,199

• 5 · Royalties

  total $446,310 · excluded $446,310

• 6a · Gross rents

  real property $48,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $48,000

• 6d · Net rental income or loss

  total $48,000 · excluded $48,000

• 7a · Gross sales of assets other than inventory

  securities $4,789,882,967 · other assets $25,000

• 7b · Less cost or other basis and sales expenses

  securities $4,563,400,961 · other assets $31,786

• 7c · Gain or loss

  securities $226,482,006 · other assets -$6,786

• 7d · Net gain or loss

  total $226,475,220 · unrelated business -$6,672,242 · excluded $233,147,462

• 10a · Gross sales of inventory

  $62,873

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $62,873 · related or exempt $62,873

• 11d · All other revenue

  total $28,672 · excluded $28,672

• 11e · Other revenue, total

  $28,672

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $548,751,779 · program services $548,751,779

• 5 · Compensation of officers, directors and key employees

  total $4,387,093 · management and general $4,068,186 · fundraising $318,907

• 7 · Other salaries and wages

  total $29,220,376 · management and general $8,357,061 · fundraising $20,863,315

• 8 · Pension plan contributions

  total $2,760,041 · management and general $1,020,434 · fundraising $1,739,607

• 9 · Other employee benefits

  total $5,090,186 · management and general $2,059,834 · fundraising $3,030,352

• 10 · Payroll taxes

  total $2,420,607 · management and general $882,566 · fundraising $1,538,041

• 11b · Fees: legal

  total $298,955 · management and general $110,529 · fundraising $188,426

• 11c · Fees: accounting

  total $610,863 · management and general $610,863

• 11d · Fees: lobbying

  total $167,380 · management and general $167,380

• 11e · Fees: professional fundraising services

  total $2,199,062 · fundraising $2,199,062

• 11f · Fees: investment management

  total $35,906,630 · program services $35,906,630

• 11g · Fees: other

  total $1,032,826 · management and general $1,032,826

• 12 · Advertising and promotion

  total $684,010 · fundraising $684,010

• 13 · Office expenses

  total $3,714,686 · management and general $1,122,037 · fundraising $2,592,649

• 14 · Information technology

  total $5,897,133 · management and general $2,151,592 · fundraising $3,745,541

• 16 · Occupancy

  total $1,701,474 · management and general $628,624 · fundraising $1,072,850

• 17 · Travel

  total $1,038,152 · management and general $163,249 · fundraising $874,903

• 19 · Conferences, conventions and meetings

  total $2,199,239 · fundraising $2,199,239

• 22 · Depreciation, depletion and amortization

  total $2,750,460 · management and general $1,016,891 · fundraising $1,733,569

• 23 · Insurance

  total $717,763 · management and general $265,369 · fundraising $452,394

• 24a · Other expenses: INCOME AND EXCISE TAXES

  total $3,545,607 · management and general $3,545,607

• 24b · Other expenses: BAD DEBT

  total $3,286,226 · management and general $3,286,226

• 24e · All other expenses

  total $43,804 · management and general $14,461 · fundraising $29,343

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 $12,675,091 · end of year $45,490,993

• 3 · Pledges and grants receivable

  beginning of year $144,152,080 · end of year $113,662,197

• 4 · Accounts receivable

  beginning of year $177,241,528 · end of year $170,355,814

• 7 · Other notes and loans receivable

  beginning of year $159,147 · end of year $159,147

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,440,519 · end of year $4,471,832

• 10a · Land, buildings and equipment: cost or other basis

  $35,341,664

• 10b · Land, buildings and equipment: accumulated depreciation

  $17,544,888

• 10c · Land, buildings and equipment, net

  beginning of year $20,165,343 · end of year $17,796,776

• 11 · Investments: publicly traded securities

  beginning of year $3,937,157,317 · end of year $3,933,329,976

• 12 · Investments: other securities

  beginning of year $1,507,750,806 · end of year $2,027,095,923

• 15 · Other assets

  beginning of year $5,857,304 · end of year $5,316,196

• 17 · Accounts payable and accrued expenses

  beginning of year $27,895,906 · end of year $43,318,139

• 21 · Escrow or custodial account liability

  beginning of year $292,270,221 · end of year $334,730,142

• 25 · Other liabilities

  beginning of year $51,091,164 · end of year $52,056,643

• 27 · Net assets without donor restrictions

  beginning of year $216,940,298 · end of year $273,449,683

• 28 · Net assets with donor restrictions

  beginning of year $5,221,401,946 · end of year $5,614,124,647

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 A. ROBERTSON'S COUNTRY CLUB MEMBERSHIP IN THE AMOUNT OF $3,978 AND $4,684 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 DID NOT MAKE CONTRIBUTIONS TO THIS PLAN DURING CALENDAR YEAR 2024, NOR WERE ANY DISTRIBUTIONS MADE.

PART I, LINE 5

COMPENSATION CONTINGENT ON REVENUES: THE PRESIDENT & CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, AND SVP DEVELOPMENT (2 INCUMBENTS) 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 100% 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, PERFORMANCE, LENGTH OF SERVICE, ASSET CLASS RESPONSIBILITY AND OTHER RELEVANT FACTORS. THESE PERSONALIZED PERFORMANCE MEASURES WILL BE DOCUMENTED, 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 A COMBINATION OF CASH AND DEFERRED.

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 - 3 PARTICIPANTS

  POOLED FUND · WI · controlled entity

  Directly controlled by UW FOUNDATION

• CHARITABLE REMAINDER UNITRUST - 86

  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