The Uwm Foundation INC FY2020 filing

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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.
88¢ of each $1 spent went to programs.
$423K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $9.3M a year · 27% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$423K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
1.0 mo
of spending, in cash
Plus $177.0M in investments, Pt X · Ln 11–13
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $15K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$19.1M
9% of total assets
Liabilities are 9% of assets.
Pt X · Ln 26
Independent board members
28
of 28 voting members
28 of 28 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$32.5M
Spent
$21.0M
To programs
88%
Net assets
$191.6M
By yearFY2020–FY2025
Revenue
$32.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$32.5M
FY2021$23.1M
FY2022$39.4M
FY2023$26.7M
FY2024$48.6M
FY2025$34.1M
Expenses
$21.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$21.0M
FY2021$20.9M
FY2022$23.6M
FY2023$26.1M
FY2024$29.1M
FY2025$28.1M
Net assets
$191.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$191.6M
FY2021$225.8M
FY2022$206.7M
FY2023$219.9M
FY2024$252.3M
FY2025$276.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1974.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $18.5M Management & general 8% · $1.8M Fundraising 4% · $792K

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

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Who runs it and what they're paid

37 people listed on the 990; $423K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President; Ex-Officio
$266,653Pt VII · Sec A
Coo; Ex-Officio
$155,922Pt VII · Sec A
Secretary (thru Dec.)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • 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.

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3 programs · $17.3M · in their own filed words · FY2019
01

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.

$6.9Mprogram expense
02

Education

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

$6.2Mprogram expense
03

Scholarship Programs

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

$4.3Mprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$32.5M
Ln 12
Gifts and grantsLn 1h$27.4M
Investment incomeLn 3$5.1M
Other incomeLn 4–11$56
Money outPt IX
$21.0M
Ln 25
Programscol B$18.5M
Managementcol C$1.8M
Fundraisingcol D$792K
Owns and owesPt X
$191.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$210.7M
LiabilitiesLn 26$19.1M
PeoplePt VI, VII
37
listed · VII A
PaidVII A2
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.4M
Government grantsLn 1e$124K
Noncash giftsLn 1g$730K
Fundraising eventsLn 1c$59K
Investment incomeLn 3$5.1M
Other incomeLn 4–11$56
Gains on assetsLn 7$704K
Total revenueLn 12$32.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$255K
Cash and savings togetherLn 1–2$1.8M
Pledges and grants receivableLn 3$20.8M
Accounts receivableLn 4$8K
Prepaid expenses and deferred chargesLn 9$145K
Land, buildings, equipmentLn 10c$425K
InvestmentsLn 11–13$177.0M
Other assetsLn 15$10.6M
Total assetsLn 16$210.7M
LiabilitiesLn 26$19.1M
Net assetsLn 32$191.6M
OperationsPt I, VI
EmployeesI 526
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$730K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$199K
Share of the $95.3M endowmentSch D 1g0.21%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$95.3M$15.4M$14.4M$14.3M$13.1M
AddedLn 1b$80.6M$767K$273K$244K$431K
SpentLn 1d–1f$6.2M$258K$1.0M$259K$5.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.9M$1.8M
InvestmentsLn 11–13$166.8M$177.0M
Land, buildings, equipmentLn 10c$430K$425K
Total assetsLn 16$195.6M$210.7M
LiabilitiesLn 26$17.4M$19.1M
Net assetsLn 32$178.1M$191.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13.8M$13.8M
Grants to domestic individualsLn 2$4.3M$4.3M
Pay of officers and key staff (Part IX, line 5)Ln 5$488K$122K$366K
Other salaries and wagesLn 7$294K$62K$186K$46K
Pension plan contributionsLn 8$62K$15K$46K
Other employee benefitsLn 9$217K$54K$163K
Payroll taxesLn 10$113K$27K$82K$4K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$31K$31K
Investment management feesLn 11f$199K$199K
Other fees for servicesLn 11g$459K$38K$330K$91K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$103K$5K$16K$81K
Information technologyLn 14$6K$6K
OccupancyLn 16$132K$33K$99K
Conferences, conventions and meetingsLn 19$82K$4K$12K$66K
Depreciation, depletion and amortizationLn 22$24K$6K$18K
InsuranceLn 23$18K$5K$14K
Other expenses (24a–d)Ln 24$97K$97K
All other expensesLn 24e$574K$173K$402K
Total functional expensesLn 25$21.0M$18.5M$1.8M$792K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 11, 2026 $34.1M$28.1M$6.0M$276.0M 990 PDF
FY2024Filed with the IRS May 8, 2025 $48.6M$29.1M$19.4M$252.3M 990 PDF
FY2023Filed with the IRS May 15, 2024 $26.7M$26.1M$617K$219.9M 990 PDF
FY2022Filed with the IRS May 15, 2023 $39.4M$23.6M$15.8M$206.7M 990 PDF
FY2021Filed with the IRS May 16, 2022 $23.1M$20.9M$2.2M$225.8M 990 PDF
FY2020 ViewingFiled with the IRS Apr 29, 2021 $32.5M$21.0M$11.5M$191.6M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $32,469,764 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,154,703$27,400,770
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,096,109$5,068,938
I-11 Other revenuePrior year $46$56
I-12 Total revenuePrior year $26,250,858$32,469,764
I-13 Grants and similar amounts paidPrior year $19,011,763$18,089,468
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,092,709$1,174,635
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,481,101$1,747,608
I-18 Total expensesPrior year $21,585,573$21,011,711
I-19 Revenue less expensesPrior year $4,665,285$11,458,053
Part VI · Governance 28 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $32,469,764 across 12 lines filed
VIII-1a Federated campaigns$1,020,136
VIII-1c Fundraising events$58,724
VIII-1d Related organizations$97,263
VIII-1e Government grants$124,365
VIII-1f All other contributions, gifts and grants$26,100,282
VIII-1g Noncash contributions (included above)$730,485
VIII-1h Total contributions, gifts and grants$27,400,770
VIII-3 Investment incomeExcluded from tax $4,364,783$4,364,783
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 $704,155$704,155
VIII-8 Net income from fundraising eventsExcluded from tax −$13,424−$13,424
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,068,994$32,469,764
Part IX · Statement of functional expenses $21,011,711 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $13,833,584$13,833,584
IX-2 Grants to domestic individualsPrograms $4,255,884$4,255,884
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $122,022 · Management $366,066$488,088
IX-7 Other salaries and wagesPrograms $61,979 · Management $185,936 · Fundraising $46,319$294,234
IX-8 Pension plan contributionsPrograms $15,423 · Management $46,268$61,691
IX-9 Other employee benefitsPrograms $54,350 · Management $163,050$217,400
IX-10 Payroll taxesPrograms $27,420 · Management $82,259 · Fundraising $3,543$113,222
IX-11b Legal feesManagement $15,302$15,302
IX-11c Accounting feesManagement $31,298$31,298
IX-11f Investment management feesManagement $199,383$199,383
IX-11g Other fees for servicesPrograms $38,046 · Management $330,261 · Fundraising $90,633$458,940
IX-12 Advertising and promotionFundraising $5,744$5,744
IX-13 Office expensesPrograms $5,425 · Management $16,278 · Fundraising $81,273$102,976
IX-14 Information technologyManagement $5,791$5,791
IX-16 OccupancyPrograms $33,123 · Management $99,370$132,493
IX-19 Conferences, conventions and meetingsPrograms $3,802 · Management $12,344 · Fundraising $65,866$82,012
IX-22 Depreciation, depletion and amortizationPrograms $5,937 · Management $17,814$23,751
IX-23 InsurancePrograms $4,539 · Management $13,616$18,155
IX-24 Other expenses (24a–d)Fundraising $97,263$97,263
IX-24e All other expensesManagement $172,778 · Fundraising $401,722$574,500
IX-25 Total functional expensesPrograms $18,461,534 · Management $1,757,814 · Fundraising $792,363$21,011,711
Part X · Balance sheet $210,747,306 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,618,606$1,524,360
X-2 Savings and temporary cash investmentsStart of year $244,866$255,369
X-3 Pledges and grants receivableStart of year $14,846,683$20,809,162
X-4 Accounts receivableStart of year $10,282$8,365
X-9 Prepaid expenses and deferred chargesStart of year $53,943$144,968
X-10c Land, buildings and equipment, netStart of year $430,143$424,933
X-11 Publicly traded securitiesStart of year $138,620,655$144,982,023
X-12 Other securitiesStart of year $28,191,376$32,033,226
X-15 Other assetsStart of year $10,557,374$10,564,900
X-16 Total assetsStart of year $195,573,928$210,747,306
X-17 Accounts payable and accrued expensesStart of year $390,725$383,987
X-25 Other liabilitiesStart of year $17,039,298$18,748,352
X-26 Total liabilitiesStart of year $17,430,023$19,132,339
X-27 Net assets without donor restrictionsStart of year $7,142,999$9,542,438
X-28 Net assets with donor restrictionsStart of year $171,000,906$182,072,529
X-32 Total net assets or fund balancesStart of year $178,143,905$191,614,967
X-33 Total liabilities and net assetsStart of year $195,573,928$210,747,306
Part XI · Reconciliation of net assets $191,614,967 net assets at year end
XI-1 Total revenue$32,469,764
XI-2 Total expenses$21,011,711
XI-3 Revenue less expenses$11,458,053
XI-4 Net assets at start of year$178,143,905
XI-5 Net unrealized gains (losses) on investments$2,013,009
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$191,614,967

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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