Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1961.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
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
23 people listed on the 990.
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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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Manages donations to fund university learning and discovery opportunities.
Questions for Wayne State University Foundation
Your first name shows with your question. Wayne State University Foundation answers here, for everyone.
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To provide financial support for the operations and objectives of wayne state university.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.9M | $0 |
| InvestmentsLn 11–13 | $501.0M | $595.8M |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $504.2M | $596.3M |
| LiabilitiesLn 26 | $225K | $151K |
| Net assetsLn 32 | $503.9M | $596.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $19.9M | $19.9M | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Investment management feesLn 11f | $1.5M | $1.5M | ||
| Other fees for servicesLn 11g | $0 | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $5.0M | $5.0M | ||
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $26.4M | $19.9M | $1.5M | $5.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $27.9M | $26.7M | $1.2M | $657.5M | 990 PDF |
| FY2024 Viewing | $21.7M | $26.4M | −$4.7M | $596.1M | 990 PDF |
| FY2023 | $9.3M | $24.2M | −$14.8M | $503.9M | 990 PDF |
| FY2022 | $143.3M | $23.1M | $120.2M | $452.7M | 990 PDF |
| FY2021 | $23.4M | $19.3M | $4.1M | $514.1M | 990 PDF |
| FY2020 | $23.1M | $18.8M | $4.3M | $420.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $21,711,369 revenue, 12 lines filed
Part VI · Governance 14 of 16 board members independent, 1 to look at
Part VIII · Statement of revenue $21,711,369 across 5 lines filed
Part IX · Statement of functional expenses $26,385,001 across 6 lines filed
Part X · Balance sheet $596,291,272 assets, 12 lines filed
Part XI · Reconciliation of net assets $596,140,284 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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