Greater Milwaukee Foundation INC

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Inspiring philanthropy, serving donors, strengthening communities, now and for future generations.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 44 volunteers and 67 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
3 of 5
filings with a surplus
Average surplus $24.1M a year · 24% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $1.01B in investments, Pt X · Ln 11–13
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $402K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$33.4M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85.2M
+9% vs prior year
Spent
$85.5M
To programs
86%
Net assets
$1.0B
By yearFY2020–FY2024
Revenue
$85.2M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$102.1M
FY2021$151.8M
FY2022$87.6M
FY2023$78.0M
FY2024$85.2M
Expenses
$85.5M
FY2024▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$70.7M
FY2021$72.6M
FY2022$89.9M
FY2023$65.4M
FY2024$85.5M
Net assets
$1.0B
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$979.8M
FY2021$1.1B
FY2022$881.3M
FY2023$995.5M
FY2024$1.0B

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1942.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $73.6M Management & general 10% · $8.6M Fundraising 4% · $3.3M

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

Something off? Claim to add context

Who runs it and what they're paid

32 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
President ( End 8/24)
$280,968Pt VII · Sec A
Executive Director
$227,063Pt VII · Sec A
President (start 8/24)
$223,168Pt VII · Sec A
VP Dev/Phil Services/Secretary
$190,603Pt VII · Sec A
Secretary/Treasurer (end 8/24)
$176,226Pt VII · Sec A
Chief Dei & Org Learning Officer
$156,640Pt VII · Sec A
$149,799Pt VII · Sec A
VP Marketing
$140,699Pt VII · Sec A

Ellen Gilligan’s $281K as President ( End 8/24) is at the 63rd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ellen Gilligan$280,968$324,970$335,274$305,069$368,480
Vincent Lyles$227,063$198,567———
Gregory Wesley$223,168————
Ken Robertson$176,226$201,605$214,320$204,960$207,769
Danae Davis——$175,611$185,874$195,273
Kristen Mekemson$190,603$141,808$141,572$167,588$162,823
Kathryn Dunn$132,105$169,659$173,810$185,172$185,555
Kenyatta Sinclair$156,640$132,951———

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 Greater Milwaukee 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

Connects donors with local causes and awards discretionary grants to strengthen and sustain communities in the Greater Milwaukee region for future generations.

Questions for Greater Milwaukee Foundation INC

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Your first name shows with your question. Greater Milwaukee Foundation INC answers here, for everyone.

1 program · $73.6M · in their own filed words · FY2024
01

Inspiring philanthropy, serving donors, strenghthening communities, now and for future GENERATIONS.FOR over 100 years, the greater milwaukee foundation has helped individuals and families committed to philanthropy leave a legacy, and build a stronger and more vibrant community - now and for future generations.

$73.6Mprogram 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
CfleadsFY2025$50K
Total grants receivedfrom 3 funders$402K
See all 3 funders →
Grants paid · 3,793 grants · $304.5M · 2020–2024
The Uwm Foundation INCWI · FY2024$1,769,297
American Endowment FoundationOH · FY2024$1,103,430
Wispact INCWI · FY2024$987,045
United Community Center INCWI · FY2024$914,619
Milwaukee Rescue MissionWI · FY2024$801,178
University of Wisconsin MadisonFY2024$800,000
Milwaukee Art Museum INCWI · FY2024$792,234
Marquette UniversityWI · FY2024$772,214
See all 3,793 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$85.2M
Ln 12
Investment incomeLn 3$42.9M
Gifts and grantsLn 1h$41.5M
Other incomeLn 4–11$710K
Money outPt IX
$85.5M
Ln 25
Programscol B$73.6M
Managementcol C$8.6M
Fundraisingcol D$3.3M
Owns and owesPt X
$1.0B
net assets · Ln 32
Cash and savingsLn 1–2$25.8M
Total assetsLn 16$1.1B
LiabilitiesLn 26$33.4M
PeoplePt VI, VII
32
listed · VII A
PaidVII A11
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41.5M
Noncash giftsLn 1g$8.5M
Investment incomeLn 3$42.9M
Other incomeLn 4–11$710K
Gains on assetsLn 7$26.1M
Total revenueLn 12$85.2M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$25.8M
Cash and savings togetherLn 1–2$25.8M
InvestmentsLn 11–13$1.01B
Land, buildings, equipmentLn 10c$365K
Other assetsLn 15$29.9M
Total assetsLn 16$1.1B
LiabilitiesLn 26$33.4M
Net assetsLn 32$1.0B
OperationsPt I, VI
EmployeesI 567
VolunteersI 644
Fiscal year endsHeaderDecember
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$8.5M
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$1.04B$977.3M$854.3M$1.05B$945.4M
Given inLn 1b$41.5M$45.5M$60.1M$52.2M$48.8M
SpentLn 1d–1f$76.3M$55.5M$79.7M$70.4M$68.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$53.1M$25.8M
InvestmentsLn 11–13$932.7M$1.01B
Land, buildings, equipmentLn 10c$115K$365K
Total assetsLn 16$1.01B$1.08B
LiabilitiesLn 26$10.2M$33.4M
Net assetsLn 32$995.5M$1.05B
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$67.8M$67.8M
Grants to domestic individualsLn 2$38K$38K
Pay of current officers, directors and key staffLn 5$1.3M$198K$826K$297K
Other salaries and wagesLn 7$5.5M$2.2M$2.0M$1.4M
Pension plan contributionsLn 8$498K$155K$251K$92K
Other employee benefitsLn 9$1.0M$315K$524K$161K
Payroll taxesLn 10$561K$163K$286K$111K
Legal feesLn 11b$59K$28K$16K$15K
Accounting feesLn 11c$197K$197K
Lobbying feesLn 11d$54K$54K
Investment management feesLn 11f$2.0M$2.0M
Other fees for servicesLn 11g$1.0M$721K$176K$132K
Advertising and promotionLn 12$87K$47K$14K$25K
Office expensesLn 13$784K$406K$242K$136K
Information technologyLn 14$1.1M$373K$465K$272K
OccupancyLn 16$1.9M$630K$816K$444K
TravelLn 17$47K$31K$13K$3K
Conferences, conventions and meetingsLn 19$429K$79K$310K$40K
Depreciation, depletion and amortizationLn 22$68K$23K$29K$16K
Other expenses (24a–d)Ln 24$950K$407K$392K$151K
Total functional expensesLn 25$85.5M$73.6M$8.6M$3.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $85.2M$85.5M−$330K$1.0B 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $78.0M$65.4M$12.6M$995.5M 990 PDF
FY2022 $87.6M$89.9M−$2.3M$881.3M 990 PDF
FY2021Filed with the IRS Nov 12, 2022 $151.8M$72.6M$79.2M$1.1B 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $102.1M$70.7M$31.4M$979.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $85,176,235 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,537,332$41,537,233
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $31,901,792$42,929,348
I-11 Other revenuePrior year $590,982$709,654
I-12 Total revenuePrior year $78,030,106$85,176,235
I-13 Grants and similar amounts paidPrior year $49,884,215$67,837,198
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,760,324$8,927,161
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,786,059$8,742,313
I-18 Total expensesPrior year $65,430,598$85,506,672
I-19 Revenue less expensesPrior year $12,599,508−$330,437
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $85,176,235 across 7 lines filed
VIII-1f All other contributions, gifts and grants$41,537,233
VIII-1g Noncash contributions (included above)$8,478,429
VIII-1h Total contributions, gifts and grants$41,537,233
VIII-3 Investment incomeUnrelated business $464,830 · Excluded from tax $16,346,120$16,810,950
VIII-7 Net gain or loss on sales of assetsExcluded from tax $26,118,398$26,118,398
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $709,654$709,654
VIII-12 Total revenueRelated to mission $0 · Unrelated business $464,830 · Excluded from tax $43,174,172$85,176,235
Part IX · Statement of functional expenses $85,506,672 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $67,799,224$67,799,224
IX-2 Grants to domestic individualsPrograms $37,974$37,974
IX-5 Pay of current officers, directors and key staffPrograms $197,746 · Management $826,266 · Fundraising $296,512$1,320,524
IX-7 Other salaries and wagesPrograms $2,176,873 · Management $2,001,557 · Fundraising $1,368,625$5,547,055
IX-8 Pension plan contributionsPrograms $155,324 · Management $251,365 · Fundraising $91,519$498,208
IX-9 Other employee benefitsPrograms $315,411 · Management $524,331 · Fundraising $160,892$1,000,634
IX-10 Payroll taxesPrograms $163,312 · Management $286,022 · Fundraising $111,406$560,740
IX-11b Legal feesPrograms $27,700 · Management $16,383 · Fundraising $14,883$58,966
IX-11c Accounting feesManagement $196,890$196,890
IX-11d Lobbying feesPrograms $54,000$54,000
IX-11f Investment management feesManagement $2,038,700$2,038,700
IX-11g Other fees for servicesPrograms $721,251 · Management $175,720 · Fundraising $132,338$1,029,309
IX-12 Advertising and promotionPrograms $47,284 · Management $14,489 · Fundraising $25,408$87,181
IX-13 Office expensesPrograms $405,986 · Management $242,027 · Fundraising $136,341$784,354
IX-14 Information technologyPrograms $373,149 · Management $464,949 · Fundraising $272,113$1,110,211
IX-16 OccupancyPrograms $629,611 · Management $815,632 · Fundraising $443,589$1,888,832
IX-17 TravelPrograms $31,278 · Management $12,608 · Fundraising $2,820$46,706
IX-19 Conferences, conventions and meetingsPrograms $78,701 · Management $309,639 · Fundraising $40,407$428,747
IX-22 Depreciation, depletion and amortizationPrograms $22,714 · Management $29,425 · Fundraising $16,005$68,144
IX-24 Other expenses (24a–d)Programs $407,464 · Management $391,631 · Fundraising $151,178$950,273
IX-25 Total functional expensesPrograms $73,645,002 · Management $8,597,634 · Fundraising $3,264,036$85,506,672
Part X · Balance sheet $1,079,014,557 assets, 24 lines filed
Asset lines not itemized here account for $12,031,220; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $53,125,486$25,760,993
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $5,432,238$2,102,621
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,283,819$812,688
X-10c Land, buildings and equipment, netStart of year $115,418$365,044
X-11 Publicly traded securitiesStart of year $925,535,678$999,182,812
X-12 Other securitiesStart of year $2,029,483$2,109,100
X-13 Program-related investmentsStart of year $5,136,859$6,795,055
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $124,573$29,855,024
X-16 Total assetsStart of year $1,005,749,724$1,079,014,557
X-17 Accounts payable and accrued expensesStart of year $2,725,353$1,812,341
X-18 Grants payableStart of year $7,376,105$7,827,965
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $124,573$23,785,851
X-26 Total liabilitiesStart of year $10,226,031$33,426,157
X-27 Net assets without donor restrictionsStart of year $991,340,024$1,043,994,530
X-28 Net assets with donor restrictionsStart of year $4,183,669$1,593,870
X-32 Total net assets or fund balancesStart of year $995,523,693$1,045,588,400
X-33 Total liabilities and net assetsStart of year $1,005,749,724$1,079,014,557
Part XI · Reconciliation of net assets $1,045,588,400 net assets at year end
XI-1 Total revenue$85,176,235
XI-2 Total expenses$85,506,672
XI-3 Revenue less expenses−$330,437
XI-4 Net assets at start of year$995,523,693
XI-5 Net unrealized gains (losses) on investments$52,136,454
XI-9 Other changes in net assets−$1,741,310
XI-10 Net assets at end of year$1,045,588,400

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

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