Fund For Wisconsin Scholars Inc
- Assets
- $273.3m
- Revenue
- $22.0m
- Investments
- $261.9m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2008
- Data as of
- 06/2022
- EIN
- 26-1412296
Organization Overview
Fund For Wisconsin Scholars Inc is located in Madison, WI. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Wisconsin Scholars Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Fund For Wisconsin Scholars Inc generated $22.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $14.1m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fund For Wisconsin Scholars Inc has awarded 36 individual grants totaling $85,915,294. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary W Gulbrandsen Secretary/exec. Dir. | 40 | $210,912 | |
Angela Swenson-Holzinger Mentor Coordinator | 40 | $72,800 | |
Lisa Linnemanstons Accountant | 12 | $59,408 | |
Rebecca Splitt Vice-Chair/trustee | 2 | $15,000 | |
David Ward Vice-Chair/trustee | 2 | $15,000 | |
John W Daniels Jr Trustee | 2 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Atlantic | 6/29/22 | $496,301 |
Marquette Associates Inc | 6/29/22 | $195,000 |
Hig Capital | 6/29/22 | $181,626 |
Clarion Partners | 6/29/22 | $114,626 |
Bny Mellon | 6/29/22 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $13,039 |
| Dividends & Interest | $1,575,749 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,687,244 |
| Capital Gain Net Income | $22,344,933 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $734,164 |
| Total Revenue | $22,010,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $294,912 |
| Other employee salaries and wages | $132,209 |
| Pension plans, employee benefits | $62,353 |
| Interest | $0 |
| Taxes | $290,633 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,412 |
| Printing and publications | $10,698 |
| Other expenses | $210,163 |
| Total operating and administrative expenses | $2,762,858 |
| Contributions, gifts, grants paid | $11,296,218 |
| Total expenses and disbursements | $14,059,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,285 |
| Savings and temporary cash investments | $8,106,501 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $86,323 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $245,561,011 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,099,910 |
| Total assets | $273,321,225 |
| Accounts payable and accrued expenses | $215,186 |
| Grants payable | $58,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $25,219 |
| Total liabilities | $298,405 |
Grants Awarded
Over the last fiscal year, Fund For Wisconsin Scholars Inc has awarded $11,352,228 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN SYSTEM PURPOSE: STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION | $11,238,778 |
109 INDIVIDUAL GRANT RECIPIENTS DET PURPOSE: GRANT RECIPIENT GRADUATION GIFTS ($500/EACH) | $54,500 |
101 INDIVIDUAL GRANT RECIPIENTS DET PURPOSE: GRANT RECIPIENT GRADUATION GIFTS ($500/EACH) | $50,500 |
WISCONSIN TECHNICAL COLLEGE SYSTEM PURPOSE: STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION | $4,950 |
UNIVERSITY OF WISCONSIN SYSTEM PURPOSE: STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION | $3,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fund For Wisconsin Scholars Inc has recieved totaling $17,000,000.
| Awarding Organization | Amount |
|---|---|
Tosa Foundation Portola Valley, CA PURPOSE: EDUCATION | $17,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |