The Uwm Foundation INC

Tax-deductible

Milwaukee, WI501(c)(3)Since 1974Colleges & UniversitiesEIN 23-7337744

The mission of the uwm foundation, INC. Is to support the educational, literary, and scientific endeavors of the university of wisconsin-milwaukee by receiving, managing, and distributing gifts to benefit the university's students, faculty, programs, and community. In addition, the uwm foundation provides leadership, oversight, and direction to its affiliated corporations, the uwm real estate foundation, INC. And the uwm research foundation, INC. These corporations create new university facilities to support student life, research, academics and regional economic development, and provide new sources of revenue from research, commercialization, and entrepreneurial activities.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 35 volunteers and 26 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $9.9M a year · 29% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$722K
to officers and key staff · 3% of spending
Top officer’s pay higher than 68% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $15K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21.4M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.1M
-30% vs prior year
Spent
$28.1M
To programs
87%
Net assets
$276.0M
By yearFY2020–FY2024
Revenue
$34.1M
FY2024▼ -30%
Revenue by fiscal year
FY2020$32.5M
FY2021$23.1M
FY2022$39.4M
FY2023$26.7M
FY2024$48.6M
FY2024$34.1M
Expenses
$28.1M
FY2024▼ -3%
Expenses by fiscal year
FY2020$21.0M
FY2021$20.9M
FY2022$23.6M
FY2023$26.1M
FY2024$29.1M
FY2024$28.1M
Net assets
$276.0M
FY2024▲ +9%
Net assets by fiscal year
FY2020$191.6M
FY2021$225.8M
FY2022$206.7M
FY2023$219.9M
FY2024$252.3M
FY2024$276.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $24.5M Management & general 10% · $2.8M Fundraising 3% · $766K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

39 people listed on the 990; $722K paid to officers and key staff.

Part VII, Section A · reportable compensation
President; Ex-Officio (thru May 25)
$315,786Pt VII · Sec A
Coo; Interim-President; Ex-Officio
$179,661Pt VII · Sec A
IT Systems Manager
$116,182Pt VII · Sec A
Controller
$110,776Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair (thru Dec 2024)
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

David Gilbert’s $316K as President; Ex-Officio (thru May 25) is at the 68th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
David Gilbert$315,786$304,491$282,647$282,496$258,955$266,653
Brian D Thompson—$127,353$268,347$249,109——
Jessica Silvaggi—$182,553$150,927$119,411——
Curtis Stang$179,661$174,354$162,766$163,519$153,842$155,922
Enrique Pahm$116,182$110,580$105,550$101,409——
Laura Pappas$110,776—————
Brian Walsh—$107,378————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Uwm Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages and distributes philanthropic gifts to support the educational, research, and facility development needs of the University of Wisconsin-Milwaukee's students and faculty.

Provided by the organization

This section is blank until The Uwm Foundation INC claims this page.

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3 program services account for $21.9M of program spending, described in the organization's own filed words · FY2024.
01

Education

General support of the university of wisconsin-milwaukee's administration, schools, colleges, library, etc. For the benefit of its students, faculty, and staff.

$7.6Mprogram expense
02

Scholarship Programs

Financial aid awarded to students enrolled at the university of wisconsin-milwaukee.

$7.2Mprogram expense
03

Educational Programs

Special projects including sponsorship of the university of wisconsin-milwaukee's public radio station, honors program, performing arts concert hall, science bag series, and inner city nursing clinic.

$7.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 5 funders →
Grants paid · 16 grants · $127.4M · 2019–2024
University of Wisconsin - MilwaukeeFY2024$23,892,254
University of Wisconsin - MilwaukeeFY2023$25,245,002
University of Wisconsin - MilwaukeeFY2022$22,513,086
University of Wisconsin - MilwaukeeFY2021$13,785,583
Unitemized GrantFY2021$5,706,350
Uwm Research Foundation INCWI · FY2021$228,000
Uwm Alumni Association INCWI · FY2021$51,000
University of Wisconsin - MilwaukeeFY2020$11,393,159
Unitemized GrantFY2020$6,097,818
Uwm Research Foundation INCWI · FY2020$228,000
University of Wisconsin - MilwaukeeFY2019$13,502,584
Unitemized GrantFY2019$4,255,884
Uwm Research Foundation INCWI · FY2019$228,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$34.1M
Ln 12
Gifts and grantsLn 1h$26.3M
Investment incomeLn 3$7.7M
Other incomeLn 4–11$50K
Money outPt IX
$28.1M
Ln 25
Programscol B$24.5M
Managementcol C$2.8M
Fundraisingcol D$766K
Owns and owesPt X
$276.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$297.4M
LiabilitiesLn 26$21.4M
PeoplePt VI, VII
39
listed · VII A
PaidVII A4
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26.3M
Noncash giftsLn 1g$806K
Fundraising eventsLn 1c$10K
Investment incomeLn 3$7.7M
Other incomeLn 4–11$50K
Gains on assetsLn 7$1.4M
Total revenueLn 12$34.1M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$42K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$271.0M
Land, buildings, equipmentLn 10c$747K
Other assetsLn 15$3.0M
Total assetsLn 16$297.4M
LiabilitiesLn 26$21.4M
Net assetsLn 32$276.0M
OperationsPt I, VI
EmployeesI 526
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$1.4M
InvestmentsLn 11–13$245.6M$271.0M
Land, buildings, equipmentLn 10c$859K$747K
Total assetsLn 16$275.8M$297.4M
LiabilitiesLn 26$23.5M$21.4M
Net assetsLn 32$252.3M$276.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23.9M$23.9M
Pay of current officers, directors and key staffLn 5$616K$154K$462K
Other salaries and wagesLn 7$629K$157K$472K
Pension plan contributionsLn 8$71K$18K$53K
Other employee benefitsLn 9$262K$66K$197K
Payroll taxesLn 10$100K$25K$75K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$112K$112K
Investment management feesLn 11f$138K$138K
Other fees for servicesLn 11g$418K$88K$330K
Office expensesLn 13$34K$9K$26K
Information technologyLn 14$7K$7K
OccupancyLn 16$390K$97K$292K
Conferences, conventions and meetingsLn 19$18K$1K$17K
Depreciation, depletion and amortizationLn 22$121K$30K$91K
InsuranceLn 23$21K$5K$16K
Other expenses (24a–d)Ln 24$888K$122K$766K
All other expensesLn 24e$381K$381K
Total functional expensesLn 25$28.1M$24.5M$2.8M$766K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $48.6M$29.1M$19.4M$252.3M 990 PDF
FY2023 $26.7M$26.1M$617K$219.9M 990 PDF
FY2022 $39.4M$23.6M$15.8M$206.7M 990 PDF
FY2021 $23.1M$20.9M$2.2M$225.8M 990 PDF
FY2020 $32.5M$21.0M$11.5M$191.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $34,069,910 across 12 lines filed
VIII-1a Federated campaigns$11,601
VIII-1c Fundraising events$9,500
VIII-1d Related organizations$9,116
VIII-1f All other contributions, gifts and grants$26,291,549
VIII-1g Noncash contributions (included above)$806,178
VIII-1h Total contributions, gifts and grants$26,321,766
VIII-3 Investment incomeExcluded from tax $6,327,875$6,327,875
VIII-6 Net rental income or lossExcluded from tax $13,480$13,480
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,370,169$1,370,169
VIII-8 Net income from fundraising eventsExcluded from tax $15,476$15,476
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $21,144$21,144
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,748,144$34,069,910
Part IX · Statement of functional expenses $28,107,729 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $23,892,254$23,892,254
IX-5 Pay of current officers, directors and key staffPrograms $154,100 · Management $462,299$616,399
IX-7 Other salaries and wagesPrograms $157,280 · Management $471,839$629,119
IX-8 Pension plan contributionsPrograms $17,762 · Management $53,287$71,049
IX-9 Other employee benefitsPrograms $65,618 · Management $196,855$262,473
IX-10 Payroll taxesPrograms $24,959 · Management $74,878$99,837
IX-11b Legal feesManagement $7,778$7,778
IX-11c Accounting feesManagement $111,919$111,919
IX-11f Investment management feesManagement $138,479$138,479
IX-11g Other fees for servicesPrograms $87,638 · Management $330,395$418,033
IX-13 Office expensesPrograms $8,562 · Management $25,686$34,248
IX-14 Information technologyManagement $6,595$6,595
IX-16 OccupancyPrograms $97,404 · Management $292,211$389,615
IX-19 Conferences, conventions and meetingsPrograms $1,349 · Management $17,083$18,432
IX-22 Depreciation, depletion and amortizationPrograms $30,234 · Management $90,701$120,935
IX-23 InsurancePrograms $5,356 · Management $16,069$21,425
IX-24 Other expenses (24a–d)Management $121,647 · Fundraising $766,267$887,914
IX-24e All other expensesManagement $381,225$381,225
IX-25 Total functional expensesPrograms $24,542,516 · Management $2,798,946 · Fundraising $766,267$28,107,729
Part X · Balance sheet $297,442,128 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,298,670$1,359,209
X-2 Savings and temporary cash investmentsStart of year $144,804$41,621
X-3 Pledges and grants receivableStart of year $24,077,610$21,034,660
X-9 Prepaid expenses and deferred chargesStart of year $126,634$184,425
X-10c Land, buildings and equipment, netStart of year $858,755$747,241
X-11 Publicly traded securitiesStart of year $245,609,114$271,049,229
X-15 Other assetsStart of year $3,506,018$3,025,743
X-16 Total assetsStart of year $275,760,206$297,442,128
X-17 Accounts payable and accrued expensesStart of year $664,222$586,227
X-19 Deferred revenueStart of year $1,500,000$2,585,000
X-25 Other liabilitiesStart of year $21,337,748$18,258,585
X-26 Total liabilitiesStart of year $23,501,970$21,429,812
X-27 Net assets without donor restrictionsStart of year $3,311,717$5,852,014
X-28 Net assets with donor restrictionsStart of year $248,946,519$270,160,302
X-32 Total net assets or fund balancesStart of year $252,258,236$276,012,316
X-33 Total liabilities and net assetsStart of year $275,760,206$297,442,128
Part XI · Reconciliation of net assets $276,012,316 net assets at year end
XI-1 Total revenue$34,069,910
XI-2 Total expenses$28,107,729
XI-3 Revenue less expenses$5,962,181
XI-4 Net assets at start of year$252,258,236
XI-5 Net unrealized gains (losses) on investments$17,791,899
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$276,012,316

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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