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Nonprofiteer
← UNIVERSITY OF WISCONSIN FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF WISCONSIN FOUNDATION.

Totals

Total revenue
$490,458,457
Total expenses
$435,563,925
Contributions and grants received
$351,294,100
Grants paid
$339,979,657
Program services expenses (Part IX)
$379,574,258
Management and general expenses
$19,321,513
Fundraising expenses
$36,668,154
Program service expenses (Part III)
$379,574,258

Program services were 87.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL M KNETTER

    CHIEF EXECUTIVE OFFICER/EX OFFICIO

    Total calculated
    $984,128
    From this org
    $847,297
    From related orgs
    $0
    Other
    $136,831
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $604,895
    Bonus
    $230,949
    Other
    $11,453
    Deferred
    $119,138
    Nontaxable benefits
    $17,693
    Filer's total
    $984,128

  • ALICE MORTENSON

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • COLLEEN A GOGGINS

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • CURTIS J FUSZARD

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA A IHLENFELD

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • DR FREDERICK A ROBERTSON

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH M QUADRACCI HARNED

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • ELZIE L HIGGINBOTTOM

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • FRANCES S TAYLOR

    EX OFFICIO - TERM IS CONTINUOUS

    Total calculated
    $0
    Hours/week
    2

  • JAMES T THOMPSON

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • JANE R MANDULA

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY D WIESNER

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY J DIERMEIER

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • JERE D FLUNO

    EX OFFICIO - TERM IS CONTINUOUS

    Total calculated
    $0
    Hours/week
    2

  • JOHN J OROS

    EX OFFICIO - TERM IS CONTINUOUS

    Total calculated
    $0
    Hours/week
    2

  • JOHN P HOLTON

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • JOHN S NELSON

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • JON D HAMMES

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • KAREN A MONFRE

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • LAUREEN E SEEGER

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • LINDA L AHLERS

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • LINDA L PROCCI

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • LORNA E NAGLER

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • LOUIS A HOLLAND

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL S SHANNON

    CHAIR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE A BEHNKE

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • PATRICK A THIELE

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • PAUL J COLLINS

    EX OFFICIO - TERM IS CONTINUOUS

    Total calculated
    $0
    Hours/week
    2

  • PAUL S SHAIN

    VICE CHAIR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • PETER A LEIDEL

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • PETER S KIES

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • RAJIV BATRA

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • SONNET C EDMONDS

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN R PETERSEN

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • SUSAN J CELLMER

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • SUSAN S ENGELEITER

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • SUSAN S PATTERSON

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • SUZANNE N DEWOLF

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • TED D KELLNER

    EX OFFICIO - TERM IS CONTINUOUS

    Total calculated
    $0
    Hours/week
    2

  • THOMAS D STEVENS

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • THOMAS P MADSEN

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • TODD C PULVINO

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM P HSU

    DIRECTOR - TERM EXP 6/2023

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL L STOHLER

    CIO

    Total calculated
    $1,212,261
    From this org
    $1,174,624
    From related orgs
    $0
    Other
    $37,637
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $645,049
    Bonus
    $529,125
    Other
    $450
    Deferred
    $19,338
    Nontaxable benefits
    $18,299
    Filer's total
    $1,212,261

  • ALISA A ROBERTSON

    PRESIDENT/CHIEF ADVANCEMENT OFFICER

    Total calculated
    $587,755
    From this org
    $530,316
    From related orgs
    $0
    Other
    $57,439
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $386,369
    Bonus
    $130,048
    Other
    $13,899
    Deferred
    $39,140
    Nontaxable benefits
    $18,299
    Filer's total
    $587,755

  • CARL J LAURINO

    INTERIM CFO

    Total calculated
    $284,025
    From this org
    $267,172
    From related orgs
    $0
    Other
    $16,853
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $265,357
    Bonus
    $0
    Other
    $1,815
    Deferred
    $0
    Nontaxable benefits
    $16,853
    Filer's total
    $284,025

  • BRENDA J PHEBUS

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $222,751
    From this org
    $185,245
    From related orgs
    $0
    Other
    $37,506
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $184,555
    Bonus
    $0
    Other
    $690
    Deferred
    $19,242
    Nontaxable benefits
    $18,264
    Filer's total
    $222,751

  • ABIGAIL A CAHAK

    CHIEF LEGAL OFFICER

    Total calculated
    $190,663
    From this org
    $170,457
    From related orgs
    $0
    Other
    $20,206
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,187
    Bonus
    $0
    Other
    $270
    Deferred
    $17,234
    Nontaxable benefits
    $2,972
    Filer's total
    $190,663

  • FALICIA N HINES

    SECRETARY

    Total calculated
    $175,544
    From this org
    $142,842
    From related orgs
    $0
    Other
    $32,702
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $142,483
    Bonus
    $100
    Other
    $259
    Deferred
    $14,689
    Nontaxable benefits
    $18,013
    Filer's total
    $175,544

  • NICOLE R MCDONALD

    CONTROLLER/TREASURER

    Total calculated
    $111,710
    From this org
    $110,910
    From related orgs
    $0
    Other
    $800
    Hours/week
    50

  • RICHARD J SHEPLEY

    SR. MANAGING DIRECTOR OF INVESTMENTS - PUB MRKTS

    Total calculated
    $918,840
    From this org
    $870,041
    From related orgs
    $0
    Other
    $48,799
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $453,844
    Bonus
    $415,507
    Other
    $690
    Deferred
    $30,500
    Nontaxable benefits
    $18,299
    Filer's total
    $918,840

  • CHRISTOPHER A MOORE

    DEPUTY CHIEF INVESTMENT OFFICER

    Total calculated
    $629,330
    From this org
    $609,081
    From related orgs
    $0
    Other
    $20,249
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $451,131
    Bonus
    $157,500
    Other
    $450
    Deferred
    $1,950
    Nontaxable benefits
    $18,299
    Filer's total
    $629,330

  • KATHERINE L WYBLE

    MANAGING DIRECTOR OF INVESTMENTS

    Total calculated
    $468,270
    From this org
    $466,865
    From related orgs
    $0
    Other
    $1,405
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $394,736
    Bonus
    $71,904
    Other
    $225
    Deferred
    $0
    Nontaxable benefits
    $1,405
    Filer's total
    $468,270

  • JAMES G ELKINS

    DIRECTOR OF INVESTMENTS

    Total calculated
    $361,646
    From this org
    $338,863
    From related orgs
    $0
    Other
    $22,783
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,785
    Bonus
    $130,808
    Other
    $270
    Deferred
    $21,285
    Nontaxable benefits
    $1,498
    Filer's total
    $361,646

  • ANNE M LUCKE

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $285,780
    From this org
    $256,692
    From related orgs
    $0
    Other
    $29,088
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $219,684
    Bonus
    $35,718
    Other
    $1,290
    Deferred
    $22,220
    Nontaxable benefits
    $6,868
    Filer's total
    $285,780

  • THOMAS P OLSON

    FORMER CIO - PRIVATE MARKETS

    Total calculated
    $218,808
    From this org
    $211,739
    From related orgs
    $0
    Other
    $7,069
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $60,701
    Bonus
    $150,984
    Other
    $54
    Deferred
    $6,082
    Nontaxable benefits
    $987
    Filer's total
    $218,808

  • SCOTT T MCKINNEY

    FORMER CHIEF LEGAL OFFICER

    Total calculated
    $227,929
    From this org
    $200,522
    From related orgs
    $0
    Other
    $27,407
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $199,832
    Bonus
    $0
    Other
    $690
    Deferred
    $20,155
    Nontaxable benefits
    $7,252
    Filer's total
    $227,929

  • SARAH L SCHUTT

    CHIEF ALUMNI OFFICER & EXEC.

    Total calculated
    $210,634
    From this org
    $174,302
    From related orgs
    $0
    Other
    $36,332
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,612
    Bonus
    $0
    Other
    $690
    Deferred
    $18,121
    Nontaxable benefits
    $18,211
    Filer's total
    $210,634

  • JOHN C NORTON

    FORMER ASSISTANT TREASURER

    Total calculated
    $230,114
    From this org
    $202,846
    From related orgs
    $0
    Other
    $27,268
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $202,396
    Bonus
    $0
    Other
    $450
    Deferred
    $20,400
    Nontaxable benefits
    $6,868
    Filer's total
    $230,114

  • GEOFFREY M MCCLOSKEY

    FORMER CFO

    Total calculated
    $147,197
    From this org
    $133,274
    From related orgs
    $0
    Other
    $13,923
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $103,059
    Bonus
    $30,000
    Other
    $215
    Deferred
    $10,400
    Nontaxable benefits
    $3,523
    Filer's total
    $147,197

  • CARRIE B PARK

    FORMER TREASURER

    Total calculated
    $205,755
    From this org
    $178,469
    From related orgs
    $0
    Other
    $27,286
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $178,019
    Bonus
    $0
    Other
    $450
    Deferred
    $18,462
    Nontaxable benefits
    $8,824
    Filer's total
    $205,755

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 — 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 $11,453 AND $13,899 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 $68,138 TO THIS PLAN DURING 2022.
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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202411349349307346

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