Wright State University Foundation Inc

WE ARE THE SUCCESSORS OF A GROUP OF FAR-SIGHTED DAYTON COMMUNITY LEADERS WHO, IN 1966, FORMED A SEPARATELY INCORPORATED NOT-FOR-PROFIT FOUNDATION TO ENCOURAGE PRIVATE DONATIONS TO WRIGHT STATE UNIVERSITY. TODAY AS THEN, THE WSU FOUNDATION'S SOLE MISSION IS TO RAISE AND DISTRIBUTE PRIVATE SUPPORT TO HELP THE UNIVERSITY ACCOMPLISH ITS STRATEGIC GOALS. WE MANAGE OVER $150 MILLION IN ASSETS SO GENEROUSLY PROVIDED BY OUR ALUMNI AND OTHER COMMUNITY PARTNERS. AS A QUALIFIED CHARITABLE ORGANIZATION, THE WSU FOUNDATION IS EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ANNUALLY FILES A FORM 990 WITH THE IRS. OUR FINANCIAL RECORDS ARE SUBJECTED TO AN ANNUAL AUDIT BY AN OUTSIDE, INDEPENDENT ACCOUNTING FIRM. FOR COPIES OF OUR LATEST FORM 990S AND AUDITED FINANCIAL STATEMENTS, AS WELL AS OTHER FOUNDATION GOVERNING DOCUMENTS, PLEASE SEE OUR WEB SITE AT: HTTPS://WWW.WRIGHT.EDU/GIVING/DOCUMENTS-AND-FINANCIAL-REPORTS.

STUDENTS AT WRIGHT STATE UNIVERSITY RECEIVE A QUALITY EDUCATION THAT IS PAID PARTLY BY TUITION AND PARTLY BY STATE SUBSIDY. THE LATTER REVENUE SOURCE HAS DECLINED IN RECENT YEARS THEREBY MAKING IT MORE DIFFICULT TO FINANCE A COLLEGE EDUCATION. ALTHOUGH WRIGHT STATE REMAINS ONE OF THE MOST AFFORDABLE PUBLIC INSTITUTIONS IN OHIO, THE FOUNDATION SEEKS TO OFFSET THE LOSS OF STATE TUITION SUBSIDIES BY RAISING PRIVATE CONTRIBUTIONS IN SUPPORT OF STUDENT TUITION PAYMENTS. DISTRIBUTIONS OF STUDENT FINANCIAL AID TOTALED $3,072,025 DURING THE YEAR.

DONATED RESOURCES FOR VARIOUS ACADEMIC AND SUPPORT FUNCTIONS AT WRIGHT STATE UNIVERSITY ALLOWS ADMINISTRATORS FLEXIBILITY TO DELIVER QUALITY PROGRAMS TO THEIR CONSTITUENCIES. THESE CONTRIBUTIONS SUPPLEMENT THE UNIVERSITY'S BUDGET ALLOCATION AND ALLOW PROGRAM MANAGERS TO OFFER UNIQUE AND CREATIVE LEARNING OPPORTUNITIES FOR STUDENTS. DURING THE CURRENT YEAR, 52% OF EXPENSES IN THIS AREA RELATED TO PARTIAL OR COMPLETE SUPPORT OF PROGRAM PERSONNEL THAT OTHERWISE WOULD NOT HAVE BEEN SUPPORTED BY THE UNIVERSITY'S OPERATING BUDGET. PROCEEDS IN THIS AREA ARE ALSO USED TO CONSTRUCT, RENOVATE AND REHABILITATE UNIVERSITY FACILITIES.

SCHOLARLY RESEARCH IS A CORE PART OF WRIGHT STATE UNIVERSITY'S MISSION. THE FOUNDATION SEEKS TO ENHANCE FUNDING FOR THESE ACTIVITIES BY RAISING PRIVATE SUPPORT THAT PROVIDES PERSONNEL AND OPERATING COST COVERAGE FOR VARIOUS PROJECTS. MANY, ALTHOUGH NOT ALL, OF THE UNIVERSITY-SUPPORTED RESEARCH PROGRAMS ARE IN THE FIELD OF MEDICINE. THE AMOUNT OF RESEARCH SUPPORT PROVIDED BY THE FOUNDATION WAS $428,695.