UNIVERSITY OF WISCONSIN FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY OF WISCONSIN FOUNDATION (EIN 39-0743975)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-15
IRS object ID: 202601359349303645
Schema version: 2024v5.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule F
Schedule G
Schedule I
Schedule J
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-15T09:17:53-05:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	30 SOUTH WACKER DR SUITE 3300	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	606063392	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	390743975	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY OF WISCONSIN FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	UNIV	BusinessNameControlTxt
Phone	6082634545	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1848 UNIVERSITY AVENUE	AddressLine1Txt
City	MADISON	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	537264090	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CARL J LAURINO	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	6082634545	PhoneNum
Signature	2026-05-08	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	REBEKUH ELEY	PreparerPersonNm
PTIN	P01247672	PTIN
Phone	3126343400	PhoneNum
Preparation	2026-05-08	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	WISCONSIN FOUNDATION AND ALUMNI ASSOCIATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	ALISA A ROBERTSON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1848 UNIVERSITY AVENUE	AddressLine1Txt
City	MADISON	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	537264090	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$5,244,300,792	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.SUPPORTUW.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1945	FormationYr
Legal Domicile State	WI	LegalDomicileStateCd
Activity Or Mission	UNIVERSITY OF WISCONSIN FOUNDATION AIDS UNIVERSITY OF WISCONSIN-MADISON BY SOLICITING GIFTS & BEQUESTS, ADMINISTERS & INVESTS SECURITIES & PROPERTIES, & DISTRIBUTES PAYMENTS FOR THE BENEFIT OF UNIVERSITY OF WISCONSIN - MADISON.	ActivityOrMissionDesc
Voting Members Governing Body	37	VotingMembersGoverningBodyCnt
Voting Members Independent	36	VotingMembersIndependentCnt
Total Employee	458	TotalEmployeeCnt
Total Volunteers	1500	TotalVolunteersCnt
Total Gross UBI	-$10,513,224	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$571,022	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$474,785,518	PYContributionsGrantsAmt
CY Contributions Grants	$347,553,672	CYContributionsGrantsAmt
PY Program Service Revenue	$1,158,779	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,100,736	CYProgramServiceRevenueAmt
PY Investment Income	$300,118,550	PYInvestmentIncomeAmt
CY Investment Income	$331,627,782	CYInvestmentIncomeAmt
PY Other Revenue	$708,871	PYOtherRevenueAmt
CY Other Revenue	$585,855	CYOtherRevenueAmt
PY Total Revenue	$776,771,718	PYTotalRevenueAmt
CY Total Revenue	$680,868,045	CYTotalRevenueAmt
PY Grants And Similar Paid	$456,253,257	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$548,751,779	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$40,604,573	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$43,878,303	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$133,417	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$2,199,062	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$43,262,208	CYTotalFundraisingExpenseAmt
PY Other Expenses	$67,032,136	PYOtherExpensesAmt
CY Other Expenses	$63,595,208	CYOtherExpensesAmt
PY Total Expenses	$564,023,383	PYTotalExpensesAmt
CY Total Expenses	$658,424,352	CYTotalExpensesAmt
PY Revenues Less Expenses	$212,748,335	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$22,443,693	CYRevenuesLessExpensesAmt
Total Assets BOY	$5,809,599,535	TotalAssetsBOYAmt
Total Assets EOY	$6,317,679,254	TotalAssetsEOYAmt
Total Liabilities BOY	$371,257,291	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$430,104,924	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$5,438,342,244	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$5,887,574,330	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO PROMOTE THE WELFARE OF AND ADVANCE THE OBJECTIVES OF THE UNIVERSITY OF WISCONSIN-MADISON BY ENCOURAGING THE INTEREST, ENGAGEMENT, AND FINANCIAL SUPPORT OF ALUMNI, DONORS, AND FRIENDS IN THE LIFE OF THE UNIVERSITY AND WITH EACH OTHER.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$196,895,770	ExpenseAmt
Grant	$196,895,770	GrantAmt
Desc	CAPITAL ADDITIONS AND FACILITIES - THE UW FOUNDATION PROVIDED $197 MILLION TO THE UNIVERSITY OF WISCONSIN IN SUPPORT OF NEW BUILDING CONSTRUCTION, RENOVATION, MAINTENANCE, AND EQUIPMENT NEEDS. STATE-OF-THE-ART FACILITIES HELP THE UNIVERSITY ATTRACT HIGH-CALIBER FACULTY AND STUDENTS. THESE FACILITIES AND GROUNDS PROVIDE SPACE, ENVIRONMENTS, AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVELS OF TEACHING, LEARNING, AND RESEARCH.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$125,029,315	ExpenseAmt
Grant	$125,029,315	GrantAmt
Desc	DISCRETIONARY SUPPORT - THE UW FOUNDATION PROVIDES CRITICAL FUNDING TO SENIOR UNIVERSITY OFFICIALS GRANTING THEM THE NEEDED FLEXIBILITY TO RESPOND TO BOTH EXISTING AND UNFORESEEN OPPORTUNITIES. THIS DISCRETIONARY SUPPORT HELPS FURTHER THE MISSION OF THE UNIVERSITY BY FULFILLING THE GREATEST NEEDS AND TOP PRIORITIES OF THE UNIVERSITY.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$94,853,881	ExpenseAmt
Grant	$94,853,881	GrantAmt
Desc	FACULTY SUPPORT AND RESEARCH - WITH $95 MILLION FROM THE UW FOUNDATION, UNIVERSITY OF WISCONSIN FACULTY AND STAFF RECEIVED CRITICAL FINANCIAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR STUDENTS. PRIVATE GIFT SUPPORT HELPS THE UNIVERSITY ATTRACT AND RETAIN WORLD-CLASS FACULTY, WHICH ULTIMATELY ATTRACTS THE BEST AND BRIGHTEST STUDENTS, AND IMPROVES THE UNIVERSITY'S REPUTATION AS A LEADING UNIVERSITY. AT THE END OF FISCAL YEAR 2025, THE NUMBER OF ENDOWED FUNDS SUPPORTING FACULTY TOTALED 765 WITH AN ADDITIONAL 339 FUNDS SPECIFICALLY DESIGNATED FOR RESEARCH AND RESEARCH EQUIPMENT.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (4 entries)

ExpenseExpenseAmt	GrantGrantAmt	DescDesc	RevenueRevenueAmt
$73,120,316	$73,120,316	ACADEMIC, PATIENT, AND STUDENT PROGRAM SUPPORT - THE UW FOUNDATION PROVIDED $73 MILLION TO THE UNIVERSITY OF WISCONSIN TO SUPPORT ITS ACADEMIC, PATIENT, AND STUDENT SUPPORT PROGRAMS. THESE FUNDS ENABLE STUDENTS TO DEVELOP SKILLS AND KNOWLEDGE FOR GROWTH AND SUCCESS BY OFFERING HIGH-QUALITY AND RESPONSIVE PROGRAMS BY EMPLOYING BEST PRACTICES IN TEACHING, LEARNING, AND PATIENT CARE, INFLUENCING PEOPLE'S LIVES BEYOND THE BOUNDARIES OF THE CLASSROOM.
$58,852,497	$58,852,497	STUDENT SCHOLARSHIP AND FINANCIAL AID SUPPORT - UNIVERSITY OF WISCONSIN UNDERGRADUATE, GRADUATE, AND PROFESSIONAL STUDENTS RECEIVED $59 MILLION IN SCHOLARSHIPS, FELLOWSHIPS AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS ACROSS ALL SCHOOLS AND COLLEGES, CENTERS, AND PROGRAMS OF THE UNIVERSITY HAVE THE OPPORTUNITY TO RECEIVE SUPPORT. PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING ALL STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND MANAGE TUITION COSTS. IN FISCAL YEAR 2025, UW FOUNDATION MANAGED OVER 4,900 GIFT FUNDS THAT PROVIDE SUPPORT TO UNIVERSITY OF WISCONSIN STUDENTS.
$35,906,630		INVESTMENT MANAGEMENT - THE UW FOUNDATION INVESTMENTS TEAM WORKS VERY CLOSELY WITH AN APPOINTED INVESTMENT COMMITTEE OF THE BOARD OF DIRECTORS WHILE HELPING TO BOTH CREATE AND MANAGE TO A COMPREHENSIVE INVESTMENT POLICY STATEMENT, TO BUILD POOLED PORTFOLIOS DESIGNED TO ACHIEVE STATED OBJECTIVES, AND TO HELP POSITION BOARD-DRIVEN POLICIES THAT ARE FUNDAMENTAL TO THE FOUNDATION'S OPERATIONAL BUSINESS MODEL.
		PUBLICATIONS - "ON WISCONSIN" IS A QUARTERLY PUBLICATION, MAILED TO APPROXIMATELY 400,000 ALUMNI, FACULTY, DONORS, WAA MEMBERS, AND OTHER STAKEHOLDERS, SERVING AS THE OFFICIAL UNIVERSITY OF WISCONSIN ALUMNI MAGAZINE. "AWARDS" IS AN ANNUAL PUBLICATION, MAILED TO APPROXIMATELY 90,000 ALUMNI, WAA MEMBERS, AND OTHER STAKEHOLDERS. "BADGER INSIDER" IS SENT TO WAA MEMBERS ONLY (APPROXIMATELY 25,000 HOUSEHOLDS) SEMIANNUALLY, SERVING AS THE MEMBER FORUM. "DIGITAL BADGER INSIDER", AN EMAIL COMPANION TO THE BADGER INSIDER MAGAZINE IS SENT MONTHLY TO APPROXIMATELY 16,000 WAA MEMBERS VIA EMAIL. "FLAMINGLE" IS A WEEKLY EMAIL, SENT TO APPROXIMATELY 80,000 ALUMNI, CONTAINING VARIOUS ARTICLES OF INTEREST. "BADGER VIBES" IS A MONTHLY EMAIL SENT TO APPROXIMATELY 48,000 WAA MEMBERS AND ALUMNI OF COLOR. "THE UW NOW WEEKLY" IS A WEEKLY EMAIL, SENT TO APPROXIMATELY 130,000 ALUMNI AND DONORS.	$1,163,609

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$167,879,443	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$131,972,813	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$1,163,609	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$584,658,409	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (1)	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (1)	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	295	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	458	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (1)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (1)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	Yes (1)	Form8282PropertyDisposedOfInd
Form8282 Filed	2	Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Form1098 C Filed	Yes (1)	Form1098CFiledInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (1)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	37	GoverningBodyVotingMembersCnt
Independent Voting Member	36	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	AL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AZ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	FL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	GA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	HI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ID	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KS	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	LA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ME	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MS	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NE	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NM	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ND	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	RI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	TN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	UT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	VT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WV	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WI	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CARL J LAURINO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6082634545	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1848 UNIVERSITY AVENUE	AddressLine1Txt
City	MADISON	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	537264090	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (56 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MICHAEL M KNETTER
CEO (UNTIL 12/31/24)	60.00	Yes (X)	Yes (X)	$820,496	$0	$135,291
ALISA A ROBERTSON
PRESIDENT/CEO (AS OF 1/1/25)	55.00	Yes (X)	Yes (X)	$537,702	$0	$60,818
PAUL S SHAIN
CHAIR	2.00	Yes (X)	Yes (X)	$0	$0	$0
LOUIS A HOLLAND
VICE CHAIR	2.00	Yes (X)	Yes (X)	$0	$0	$0
LINDA L AHLERS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
RAJIV BATRA
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MICHELLE A BEHNKE
DIRECTOR (UNTIL 6/30/25)	2.00	Yes (X)		$0	$0	$0
SUSAN J CELLMER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SUZANNE N DEWOLF
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JEFFREY J DIERMEIER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SONNET C EDMONDS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SUSAN S ENGELEITER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MICHAEL B FERDMAN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
COLLEEN A GOGGINS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ELIZABETH M QUADRACCI HARNED
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ELZIE L HIGGINBOTTOM
DIRECTOR	2.00	Yes (X)		$0	$0	$0
WILLIAM P HSU
DIRECTOR	2.00	Yes (X)		$0	$0	$0
CYNTHIA A IHLENFELD
DIRECTOR	2.00	Yes (X)		$0	$0	$0
PETER S KIES
DIRECTOR	2.00	Yes (X)		$0	$0	$0
VALARIE KING-BAILEY
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JUN W LEE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ROGER M MANSUKHANI
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ALICE D MORTENSON
DIRECTOR	2.00	Yes (X)		$0	$0	$0
LORNA E NAGLER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
DAVID O NICHOLAS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SUSAN S PATTERSON
DIRECTOR	2.00	Yes (X)		$0	$0	$0
STEPHEN R PETERSEN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
TODD C PULVINO
DIRECTOR	2.00	Yes (X)		$0	$0	$0
CHRISTINE A ROTSCH
DIRECTOR	2.00	Yes (X)		$0	$0	$0
LAUREEN E SEEGER
DIRECTOR (UNTIL 5/28/25)	2.00	Yes (X)		$0	$0	$0
MICHAEL S SHANNON
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SANDRA G SPONEM
DIRECTOR	2.00	Yes (X)		$0	$0	$0
THOMAS D STEVENS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
PATRICK A THIELE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JAMES T THOMPSON
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JEFFREY D WIESNER
DIRECTOR (UNTIL 6/30/25)	2.00	Yes (X)		$0	$0	$0
PAUL J COLLINS
EX OFFICIO - TERM IS CONTINUOUS	2.00	Yes (X)		$0	$0	$0
JERE D FLUNO
EX OFFICIO - TERM IS CONTINUOUS	2.00	Yes (X)		$0	$0	$0
TED D KELLNER
EX OFFICIO - TERM IS CONTINUOUS	2.00	Yes (X)		$0	$0	$0
JOHN J OROS
EX OFFICIO - TERM IS CONTINUOUS	2.00	Yes (X)		$0	$0	$0
FRANCES S TAYLOR
EX OFFICIO - TERM IS CONTINUOUS	2.00	Yes (X)		$0	$0	$0
MICHAEL L STOHLER
CIO	55.00		Yes (X)	$1,943,576	$0	$55,198
CARL J LAURINO
CFO	50.00		Yes (X)	$371,138	$0	$52,558
NICOLE R MCDONALD
CONTROLLER/TREASURER	50.00		Yes (X)	$216,092	$0	$22,737
ABIGAIL A CAHAK
CHIEF LEGAL OFFICER	50.00		Yes (X)	$212,733	$0	$29,210
BRENDA J PHEBUS
CHIEF HUMAN RESOURCES OFFICER	55.00		Yes (X)	$202,026	$0	$41,744
MARIANNE SIESS
CHIEF INFORMATION OFFICER	50.00		Yes (X)	$192,923	$0	$33,892
FALICIA N HINES
SECRETARY	50.00		Yes (X)	$165,514	$0	$19,582
CHRISTOPHER A MOORE
DEPUTY CHIEF INVESTMENT OFFICER	50.00			$994,559	$0	$55,198	Yes (X)
RICHARD J SHEPLEY
SR. MANAGING DIRECTOR OF INVESTMENTS	50.00			$946,665	$0	$55,198	Yes (X)
KATHERINE L WYBLE
MANAGING DIRECTOR OF INVESTMENTS	50.00			$762,210	$0	$35,998	Yes (X)
SEAN ARP
CHIEF OPERATING OFF OF INVESTMENTS	50.00			$514,216	$0	$55,198	Yes (X)
JAMES G ELKINS
DIRECTOR OF INVESTMENTS	50.00			$407,968	$0	$25,425	Yes (X)
JOHN C NORTON
FORMER ASSISTANT TREASURER	0.00			$218,712	$0	$29,651		Yes (X)
SCOTT T MCKINNEY
FORMER CHIEF LEGAL OFFICER	0.00			$198,706	$0	$38,898		Yes (X)
SARAH L SCHUTT
FORMER CHIEF ALUMNI OFFICER & EXEC.	0.00			$189,259	$0	$40,272		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$8,894,495	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$786,868	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	114	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt	CityContractorAddress/ForeignAddress/CityNm	CountryContractorAddress/ForeignAddress/CountryCd	Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd
ATLAS HOLDINGS
100 NORTHFIELD STREET	GREENWICH	CT	06830	INVESTMENT MANAGER	$2,752,409
L SQUARED CAPITAL MANAGEMENT
3434 VIA LIDO	NEWPORT BEACH	CA	92663	INVESTMENT MANAGER	$2,703,272
ALATUS CAPITAL LTD
				INVESTMENT MANAGER	$2,153,482	RUE VALLIN 2	GENEVA	SZ	CH-1201
LEGENDS SALES & MARKETING LLC
61 BROADWAY 2400	NEW YORK	NY	10006	FUNDRAISING SERVICES	$2,152,540
ENCAP INVESTMENTS LP
9651 KATY FREEWAY SUITE 600	HOUSTON	TX	77024	INVESTMENT MANAGER	$1,850,841

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	71	CntrctRcvdGreaterThan100KCnt
Membership Dues	$586,660	MembershipDuesAmt
Government Grants	$50,155,561	GovernmentGrantsAmt
All Other Contributions	$296,811,451	AllOtherContributionsAmt
Noncash Contributions	$42,559,765	NoncashContributionsAmt
Total Contributions	$347,553,672	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
REGISTRATION	900099	$667,073	$667,073
TRAVEL/TOUR COMMISSIONS	900099	$354,817	$281,008	$73,809
PUBLICATIONS	541800	$78,846		$78,846

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,100,736	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$105,152,562	TotalRevenueColumnAmt
Unrelated Business Revenue	-$3,993,637	UnrelatedBusinessRevenueAmt
Exclusion	$109,146,199	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$446,310	TotalRevenueColumnAmt
Exclusion	$446,310	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$48,000	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$48,000	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$48,000	TotalRevenueColumnAmt
Exclusion	$48,000	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$4,789,882,967	SecuritiesAmt
Other	$25,000	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$4,563,400,961	SecuritiesAmt
Other	$31,786	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$226,482,006	SecuritiesAmt
Other	-$6,786	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$226,475,220	TotalRevenueColumnAmt
Unrelated Business Revenue	-$6,672,242	UnrelatedBusinessRevenueAmt
Exclusion	$233,147,462	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$62,873	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$0	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$62,873	TotalRevenueColumnAmt
Related Or Exempt Func Income	$62,873	RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$28,672	TotalRevenueColumnAmt
Exclusion	$28,672	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$28,672	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$680,868,045	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,010,954	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$10,513,224	UnrelatedBusinessRevenueAmt
Exclusion	$342,816,643	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$548,751,779	TotalAmt
Program Services	$548,751,779	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$4,387,093	TotalAmt
Management And General	$4,068,186	ManagementAndGeneralAmt
Fundraising	$318,907	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$29,220,376	TotalAmt
Management And General	$8,357,061	ManagementAndGeneralAmt
Fundraising	$20,863,315	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,760,041	TotalAmt
Management And General	$1,020,434	ManagementAndGeneralAmt
Fundraising	$1,739,607	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$5,090,186	TotalAmt
Management And General	$2,059,834	ManagementAndGeneralAmt
Fundraising	$3,030,352	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$2,420,607	TotalAmt
Management And General	$882,566	ManagementAndGeneralAmt
Fundraising	$1,538,041	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$298,955	TotalAmt
Management And General	$110,529	ManagementAndGeneralAmt
Fundraising	$188,426	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$610,863	TotalAmt
Management And General	$610,863	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$167,380	TotalAmt
Management And General	$167,380	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$2,199,062	TotalAmt
Fundraising	$2,199,062	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$35,906,630	TotalAmt
Program Services	$35,906,630	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,032,826	TotalAmt
Management And General	$1,032,826	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$684,010	TotalAmt
Fundraising	$684,010	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,714,686	TotalAmt
Management And General	$1,122,037	ManagementAndGeneralAmt
Fundraising	$2,592,649	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,897,133	TotalAmt
Management And General	$2,151,592	ManagementAndGeneralAmt
Fundraising	$3,745,541	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,701,474	TotalAmt
Management And General	$628,624	ManagementAndGeneralAmt
Fundraising	$1,072,850	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,038,152	TotalAmt
Management And General	$163,249	ManagementAndGeneralAmt
Fundraising	$874,903	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$2,199,239	TotalAmt
Fundraising	$2,199,239	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,750,460	TotalAmt
Management And General	$1,016,891	ManagementAndGeneralAmt
Fundraising	$1,733,569	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$717,763	TotalAmt
Management And General	$265,369	ManagementAndGeneralAmt
Fundraising	$452,394	FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt
INCOME AND EXCISE TAXES	$3,545,607	$3,545,607
BAD DEBT	$3,286,226	$3,286,226

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$43,804	TotalAmt
Management And General	$14,461	ManagementAndGeneralAmt
Fundraising	$29,343	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$658,424,352	TotalAmt
Program Services	$584,658,409	ProgramServicesAmt
Management And General	$30,503,735	ManagementAndGeneralAmt
Fundraising	$43,262,208	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$400	BOYAmt
EOY	$400	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$12,675,091	BOYAmt
EOY	$45,490,993	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$144,152,080	BOYAmt
EOY	$113,662,197	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$177,241,528	BOYAmt
EOY	$170,355,814	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$159,147	BOYAmt
EOY	$159,147	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$4,440,519	BOYAmt
EOY	$4,471,832	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$35,341,664	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$17,544,888	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$20,165,343	BOYAmt
EOY	$17,796,776	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$3,937,157,317	BOYAmt
EOY	$3,933,329,976	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,507,750,806	BOYAmt
EOY	$2,027,095,923	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$5,857,304	BOYAmt
EOY	$5,316,196	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,809,599,535	BOYAmt
EOY	$6,317,679,254	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$27,895,906	BOYAmt
EOY	$43,318,139	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$292,270,221	BOYAmt
EOY	$334,730,142	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$51,091,164	BOYAmt
EOY	$52,056,643	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$371,257,291	BOYAmt
EOY	$430,104,924	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$216,940,298	BOYAmt
EOY	$273,449,683	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,221,401,946	BOYAmt
EOY	$5,614,124,647	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,438,342,244	BOYAmt
EOY	$5,887,574,330	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,809,599,535	BOYAmt
EOY	$6,317,679,254	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$22,443,693	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$424,607,298	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$2,181,095	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Organization	Yes (X)	CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$383,703,657	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$378,419,715	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$351,294,100	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$474,785,518	CurrentTaxYearMinus1YearAmt
Current Tax Year	$347,553,672	CurrentTaxYearAmt
Total	$1,935,756,662	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$383,703,657	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$378,419,715	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$351,294,100	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$474,785,518	CurrentTaxYearMinus1YearAmt
Current Tax Year	$347,553,672	CurrentTaxYearAmt
Total	$1,935,756,662	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$188,398,494	SubstantialContributorsTotAmt
Public Support Total170	$1,747,358,168	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$62,541,912	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$62,884,151	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$71,666,462	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$65,585,154	CurrentTaxYearMinus1YearAmt
Current Tax Year	$109,640,509	CurrentTaxYearAmt
Total	$372,318,188	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$804,593	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$11,861,706	CurrentTaxYearMinus1YearAmt
Current Tax Year	$571,022	CurrentTaxYearAmt
Total	$13,237,321	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$53,336	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$118,191	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$64,933	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$176,495	CurrentTaxYearMinus1YearAmt
Current Tax Year	$28,672	CurrentTaxYearAmt
Total	$441,627	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$2,321,753,798	TotalSupportAmt
Gross Receipts Rltd Activities	$3,829,627	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.75260	PublicSupportCY170Pct
Public Support PY170	0.76510	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	MISCELLANEOUS INCOME - 2020 AMOUNT: $ 53,336. 2021 AMOUNT: $ 118,191. 2022 AMOUNT: $ 64,933. 2023 AMOUNT: $ 176,495. 2024 AMOUNT: $ 28,672.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	Yes (1)	VolunteersInd
Paid Staff Or Management	Yes (1)	PaidStaffOrManagementInd
Media Advertisements	Yes (1)	MediaAdvertisementsInd
Media Advertisements	$95,109	MediaAdvertisementsAmt
Mailings Members	Yes (1)	MailingsMembersInd
Mailings Members	$20,193	MailingsMembersAmt
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (1)	DirectContactLegislatorsInd
Direct Contact Legislators	$0	DirectContactLegislatorsAmt
Rallies Demonstrations	Yes (1)	RalliesDemonstrationsInd
Rallies Demonstrations	$27,006	RalliesDemonstrationsAmt
Other Activities	Yes (1)	OtherActivitiesInd
Other Activities	$25,072	OtherActivitiesAmt
Total Lobbying Expenditures	$167,380	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II-B, LINE 1:	FormAndLineReferenceDesc
Explanation	SCHEDULE C, PART II-B, LINE 1A USE OF VOLUNTEERS FOR LOBBYING ACTIVITIES: VOLUNTEERS WERE UTILIZED FOR UW DAY EVENTS IN MADISON AND WASHINGTON DC, WHEREBY THEY MET WITH ELECTED OFFICIALS AND LOBBIED THEM ON GENERAL SUPPORT FOR UW-MADISON AND HIGHER EDUCATION. SCHEDULE C, PART II-B, LINE 1B USE OF PAID STAFF OR MANAGEMENT: DURING THE FISCAL YEAR, TWO EMPLOYEES SPENT PART OF THEIR TIME LOBBYING EFFORTS IN MADISON AND WASHINGTON, D.C. SCHEDULE C, PART II-B, LINE 1C USE OF MEDIA ADVERTISEMENTS: A MARKETING OUTREACH EFFORT TARGETING ALUMNI IN KEY LEGISLATIVE DISTRICTS AROUND THE STATE THAT ARE REPRESENTED BY LEGISLATIVE LEADERS AND MEMBERS OF THE INFLUENTIAL JOINT LEGISLATIVE COMMITTEE ON FINANCE. MESSAGES WERE DELIVERED VIA TARGETED PRINT, RADIO, MAIL AND TELEVISION CAMPAIGNS THAT INCLUDED EDUCATION ON THE VALUE OF UW-MADISON AS WELL AS A DIRECT CALL TO ACTION FOR UW-MADISON PRIORITIES IN THE WISCONSIN STATE BUDGET. SCHEDULE C, PART II-B, LINE 1D USE OF MAILINGS TO MEMBERS, LEGISLATORS, OR THE PUBLIC: PRINTING AND MAILING COSTS FOR ON WISCONSIN INSERT, AS WELL AS SOFTWARE COSTS FOR A TOOL USED TO FACILITATE EMAILS AND OTHER COMMUNICATIONS BETWEEN ALUMNI AND ELECTED OFFICIALS. SCHEDULE C, PART II-B, LINE 1H USE OF RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES, LECTURES, OR ANY SIMILAR MEANS: UW-MADISON DAY AT THE WISCONSIN STATE CAPITOL IN APRIL 2025, WHICH INCLUDED MEETINGS WITH MEMBERS OF THE STATE LEGISLATURE, FACULTY PRESENTATIONS, AND AN ALUMNI AND STAFF RECEPTION. ADVOCACY EFFORTS SPECIFICALLY FOCUSED ON SUPPORT FOR UW-MADISON IN THE 2025-2027 STATE BUDGET. SCHEDULE C, PART II-B, LINE 1I USE OF OTHER ACTIVITIES: SALARIES AND BENEFITS OF PAID STAFF OR MANAGEMENT AND THEIR ASSOCIATED TIME SPENT ON LOBBYING RELATED ACTIVITIES AND MISCELLANEOUS STATE RELATIONS EXPENSES.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,900,891,699	BeginningYearBalanceAmt
Contributions	$89,149,766	ContributionsAmt
Investment Earnings Or Losses	$451,332,357	InvestmentEarningsOrLossesAmt
Other Expenditures	$122,094,661	OtherExpendituresAmt
Administrative Expenses	$27,198,074	AdministrativeExpensesAmt
End Year Balance	$3,292,081,087	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,612,832,435	BeginningYearBalanceAmt
Contributions	$73,977,569	ContributionsAmt
Investment Earnings Or Losses	$354,236,168	InvestmentEarningsOrLossesAmt
Other Expenditures	$113,297,904	OtherExpendituresAmt
Administrative Expenses	$26,856,569	AdministrativeExpensesAmt
End Year Balance	$2,900,891,699	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,403,538,719	BeginningYearBalanceAmt
Contributions	$84,837,902	ContributionsAmt
Investment Earnings Or Losses	$253,654,500	InvestmentEarningsOrLossesAmt
Other Expenditures	$104,769,542	OtherExpendituresAmt
Administrative Expenses	$24,429,144	AdministrativeExpensesAmt
End Year Balance	$2,612,832,435	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,732,305,641	BeginningYearBalanceAmt
Contributions	$99,346,223	ContributionsAmt
Investment Earnings Or Losses	-$301,505,701	InvestmentEarningsOrLossesAmt
Other Expenditures	$98,865,245	OtherExpendituresAmt
Administrative Expenses	$27,742,199	AdministrativeExpensesAmt
End Year Balance	$2,403,538,719	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,113,109,833	BeginningYearBalanceAmt
Contributions	$118,278,940	ContributionsAmt
Investment Earnings Or Losses	$604,642,464	InvestmentEarningsOrLossesAmt
Other Expenditures	$80,190,112	OtherExpendituresAmt
Administrative Expenses	$23,535,484	AdministrativeExpensesAmt
End Year Balance	$2,732,305,641	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.00240	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.99760	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.00000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$502,530	OtherCostOrOtherBasisAmt
Book Value	$502,530	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$15,492,926	OtherCostOrOtherBasisAmt
Depreciation	$9,381,055	DepreciationAmt
Book Value	$6,111,871	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,001,986	OtherCostOrOtherBasisAmt
Depreciation	$659,298	DepreciationAmt
Book Value	$342,688	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$18,110,351	OtherCostOrOtherBasisAmt
Depreciation	$7,504,535	DepreciationAmt
Book Value	$10,605,816	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$233,871	OtherCostOrOtherBasisAmt
Book Value	$233,871	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$17,796,776	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
LIMITED PARTNERSHIPS	$2,026,366,389	F
OTHER FUNDS	$729,534	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$2,027,095,923	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
DEFERRED COMPENSATION	$4,610,795
LIABILITY UNDER SPLIT INTEREST	$42,518,621
OPERATING LEASE LIABILITY	$2,363,191
FINANCE LEASE LIABILITY	$17,171
DERIVATIVE LIABILITIES	$2,546,865

Field	Value	IRS element (for citing)
Total Liability	$52,056,643	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,068,463,582	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$424,607,298	NetUnrealizedGainsInvstAmt
Other Revenue	-$1,105,131	OtherRevenueAmt
Revenue Not Reported	$423,502,167	RevenueNotReportedAmt
Revenue Subtotal	$644,961,415	RevenueSubtotalAmt
Investment Expenses Not Incld	$35,906,630	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$35,906,630	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$680,868,045	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$619,231,496	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$619,231,496	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$35,906,630	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$3,286,226	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$39,192,856	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$658,424,352	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART IV, LINE 2B:	THE FOUNDATION MAY ENTER INTO AN INVESTMENT AGENCY AGREEMENT WITH A NOT-FOR-PROFIT ORGANIZATION THAT HAS A DIRECT RELATIONSHIP WITH EITHER THE UNIVERSITY OF WISCONSIN - MADISON, OR THE UNIVERSITY OF WISCONSIN SYSTEM. UNDER THE INVESTMENT AGENCY AGREEMENT, THE CLIENT APPOINTS AND RETAINS THE FOUNDATION AS THE CLIENT'S AGENT WITH RESPECT TO THE INVESTMENT AND MANAGEMENT OF ALL OR A PORTION OF THE CLIENT'S ASSETS IN THE FOUNDATION'S POSSESSION.
PART V, LINE 4:	INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS: THE FOUNDATION'S ENDOWMENT CONSISTED OF 5,168 AND 4,973 INDIVIDUAL PERMANENTLY RESTRICTED FUNDS AS OF JUNE 30, 2025 AND JUNE 30, 2024, RESPECTIVELY. THESE FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS AND ON STATE LAW.
PART X, LINE 2:	ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740: THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME, AS A RESULT OF OWNERSHIP IN VARIOUS INVESTMENT ENTITIES. THE FOUNDATION FOLLOWS THE GUIDANCE RELATIVE TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). ANY TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF WISCONSIN AND ALSO FILES RETURNS IN SEVERAL OTHER STATES DUE TO UNRELATED BUSINESS INCOME TAX FILING REQUIREMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,181,095. BAD DEBT -3,286,226.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	BAD DEBT 3,286,226.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN	INVESTMENTS	$1,074,571,293
EAST ASIA AND THE PACIFIC	INVESTMENTS	$157,877,471
EUROPE (INCLUDING ICELAND & GREENLAND)	INVESTMENTS	$115,257,301
NORTH AMERICA	INVESTMENTS	$16,683,174
SOUTH AMERICA	INVESTMENTS	$462,853
SOUTH ASIA	INVESTMENTS	$1,004,380
SUB-SAHARAN AFRICA	INVESTMENTS	$79,165,506

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$1,445,021,978	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$1,445,021,978	TotalSpentAmt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Agrmt Prof Fundraising Acty	Yes (1)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	ActivityActivityTxt	Fundraiser Control Of FundsFundraiserControlOfFundsInd	Gross ReceiptsGrossReceiptsAmt	Retained By ContractorRetainedByContractorAmt	Net To OrganizationNetToOrganizationAmt
LEGENDS SALES & MARKETING LLC
61 BROADWAY 2400	NEW YORK	NY	10006	FUNDRAISING CONSULTANT	0	$0	$2,055,595	$0
MARTS & LUNDY
160 CHUBB AVE STE 303	LYNDHURST	NJ	07071	FUNDRAISING CONSULTANT	0	$0	$141,667	$0

Field	Value	IRS element (for citing)
Total Retained By Contractors	$2,197,262	TotalRetainedByContractorsAmt
Licensed States	AL	LicensedStatesCd
Licensed States	AK	LicensedStatesCd
Licensed States	AZ	LicensedStatesCd
Licensed States	AR	LicensedStatesCd
Licensed States	CA	LicensedStatesCd
Licensed States	CO	LicensedStatesCd
Licensed States	CT	LicensedStatesCd
Licensed States	DE	LicensedStatesCd
Licensed States	FL	LicensedStatesCd
Licensed States	GA	LicensedStatesCd
Licensed States	HI	LicensedStatesCd
Licensed States	ID	LicensedStatesCd
Licensed States	IL	LicensedStatesCd
Licensed States	IN	LicensedStatesCd
Licensed States	IA	LicensedStatesCd
Licensed States	KS	LicensedStatesCd
Licensed States	KY	LicensedStatesCd
Licensed States	LA	LicensedStatesCd
Licensed States	ME	LicensedStatesCd
Licensed States	MD	LicensedStatesCd
Licensed States	MA	LicensedStatesCd
Licensed States	MI	LicensedStatesCd
Licensed States	MN	LicensedStatesCd
Licensed States	MS	LicensedStatesCd
Licensed States	MO	LicensedStatesCd
Licensed States	MT	LicensedStatesCd
Licensed States	NE	LicensedStatesCd
Licensed States	NV	LicensedStatesCd
Licensed States	NH	LicensedStatesCd
Licensed States	NJ	LicensedStatesCd
Licensed States	NM	LicensedStatesCd
Licensed States	NY	LicensedStatesCd
Licensed States	NC	LicensedStatesCd
Licensed States	ND	LicensedStatesCd
Licensed States	OH	LicensedStatesCd
Licensed States	OK	LicensedStatesCd
Licensed States	OR	LicensedStatesCd
Licensed States	PA	LicensedStatesCd
Licensed States	RI	LicensedStatesCd
Licensed States	SC	LicensedStatesCd
Licensed States	SD	LicensedStatesCd
Licensed States	TN	LicensedStatesCd
Licensed States	TX	LicensedStatesCd
Licensed States	UT	LicensedStatesCd
Licensed States	VT	LicensedStatesCd
Licensed States	VA	LicensedStatesCd
Licensed States	WA	LicensedStatesCd
Licensed States	WV	LicensedStatesCd
Licensed States	WI	LicensedStatesCd
Licensed States	WY	LicensedStatesCd
Licensed States	DC	LicensedStatesCd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE G, PART I, LINE 2B, COLUMN (V)	FormAndLineReferenceDesc
Explanation	SCHEDULE G, PART I, LINE 2B, COLUMN (IV) THE GROSS RECEIPTS FROM THE ACTIVITIES THAT LEGENDS SALES & MARKETING, LLC AND MARTS & LUNDY ASSIST OUR ORGANIZATION ON ARE NOT ABLE TO BE SEPARATELY REPORTED. LEGENDS SALES & MARKETING, LLC AND MARTS & LUNDY ASSIST WITH CAMPAIGN EFFORTS AND STRATEGIC DIRECTION. THE WORK OF THESE ORGANIZATIONS AID IN MANY OF OUR FUNDRAISING INITIATIVES THROUGHOUT OUR FISCAL YEAR AND THUS CANNOT BE SEPARATELY REPORTED.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Non Cash AssistanceNonCashAssistanceDesc	Purpose Of GrantPurposeOfGrantTxt
UNIVERSITY OF WISCONSIN MADISON
21 N PARK ST	MADISON	WI	537151218	396006492	STATE OF WISCONSIN	$196,895,770	$0	CAPITAL ADDITIONS AND FACILITIES	SEE SCH I, PART IV
UNIVERSITY OF WISCONSIN MADISON
21 N PARK ST	MADISON	WI	537151218	396006492	STATE OF WISCONSIN	$125,029,315	$0	OTHER GRANTS	SEE SCH I, PART IV
UNIVERSITY OF WISCONSIN MADISON
21 N PARK ST	MADISON	WI	537151218	396006492	STATE OF WISCONSIN	$94,853,881	$0	FACULTY SUPPORT AND RESEARCH	SEE SCH I, PART IV
UNIVERSITY OF WISCONSIN MADISON
21 N PARK ST	MADISON	WI	537151218	396006492	STATE OF WISCONSIN	$73,120,316	$0	ACADEMIC AND STUDENT PROGRAM SUPPORT	SEE SCH I, PART IV
UNIVERSITY OF WISCONSIN MADISON
21 N PARK ST	MADISON	WI	537151218	396006492	STATE OF WISCONSIN	$58,852,497	$0	STUDENT SCHOLARSHIP AND FINANCIAL AID	SEE SCH I, PART IV

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 2:

PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S.: THE UNIVERSITY OF WISCONSIN FOUNDATION AIDS THE UNIVERSITY OF WISCONSIN BY SOLICITING GIFTS OF REAL AND PERSONAL PROPERTY WHICH IT COLLECTS, ADMINISTERS AND DISTRIBUTES FOR THE BENEFIT OF THE UNIVERSITY OF WISCONSIN IN ADVANCING ITS SCIENTIFIC, LITERARY, ATHLETIC AND EDUCATIONAL PURPOSES. THERE IS NO FURTHER MONITORING OF THE USE OF GRANT FUNDS FOLLOWING DISBURSEMENT TO THE UNIVERSITY OF WISCONSIN.

PART I, LINE 2:

THE GRANT AND ASSISTANCE PAYMENTS ARE VERIFIED WITH INTERNAL DOCUMENTS TO ENSURE DONOR INTENT AND CRITERIA HAVE BEEN MET BEFORE THE PAYMENTS ARE MADE.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	Yes (1)	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHAEL L STOHLER
CIO	$1,009,083	$0	$933,803	$0	$690	$0	$34,500	$0	$20,698	$0	$1,998,774	$0	$0	$0
CHRISTOPHER A MOORE
DEPUTY CHIEF INVESTMENT OFFICER	$531,347	$0	$462,522	$0	$690	$0	$34,500	$0	$20,698	$0	$1,049,757	$0	$0	$0
RICHARD J SHEPLEY
SR. MANAGING DIRECTOR OF INVESTMENTS	$503,884	$0	$441,491	$0	$1,290	$0	$34,500	$0	$20,698	$0	$1,001,863	$0	$0	$0
MICHAEL M KNETTER
CEO (UNTIL 12/31/24)	$635,852	$0	$174,466	$0	$10,178	$0	$121,520	$0	$13,771	$0	$955,787	$0	$0	$0
KATHERINE L WYBLE
MANAGING DIRECTOR OF INVESTMENTS	$408,007	$0	$353,933	$0	$270	$0	$34,500	$0	$1,498	$0	$798,208	$0	$0	$0
ALISA A ROBERTSON
PRESIDENT/CEO (AS OF 1/1/25)	$401,412	$0	$114,342	$0	$21,948	$0	$40,120	$0	$20,698	$0	$598,520	$0	$0	$0
SEAN ARP
CHIEF OPERATING OFF OF INVESTMENTS	$385,912	$0	$127,854	$0	$450	$0	$34,500	$0	$20,698	$0	$569,414	$0	$0	$0
JAMES G ELKINS
DIRECTOR OF INVESTMENTS	$235,105	$0	$172,593	$0	$270	$0	$23,529	$0	$1,896	$0	$433,393	$0	$0	$0
CARL J LAURINO
CFO	$312,728	$0	$56,430	$0	$1,980	$0	$31,860	$0	$20,698	$0	$423,696	$0	$0	$0
JOHN C NORTON
FORMER ASSISTANT TREASURER	$218,262	$0	$0	$0	$450	$0	$22,009	$0	$7,642	$0	$248,363	$0	$0	$0
BRENDA J PHEBUS
CHIEF HUMAN RESOURCES OFFICER	$201,336	$0	$0	$0	$690	$0	$21,046	$0	$20,698	$0	$243,770	$0	$0	$0
ABIGAIL A CAHAK
CHIEF LEGAL OFFICER	$212,463	$0	$0	$0	$270	$0	$21,568	$0	$7,642	$0	$241,943	$0	$0	$0
NICOLE R MCDONALD
CONTROLLER/TREASURER	$215,192	$0	$600	$0	$300	$0	$21,239	$0	$1,498	$0	$238,829	$0	$0	$0
SCOTT T MCKINNEY
FORMER CHIEF LEGAL OFFICER	$198,016	$0	$0	$0	$690	$0	$20,306	$0	$18,592	$0	$237,604	$0	$0	$0
SARAH L SCHUTT
FORMER CHIEF ALUMNI OFFICER & EXEC.	$187,969	$0	$0	$0	$1,290	$0	$19,593	$0	$20,679	$0	$229,531	$0	$0	$0
MARIANNE SIESS
CHIEF INFORMATION OFFICER	$192,473	$0	$0	$0	$450	$0	$20,121	$0	$13,771	$0	$226,815	$0	$0	$0
FALICIA N HINES
SECRETARY	$164,614	$0	$600	$0	$300	$0	$16,842	$0	$2,740	$0	$185,096	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PERSONAL USE PORTION OF MICHAEL M. KNETTER'S AND ALISA A. ROBERTSON'S COUNTRY CLUB MEMBERSHIP IN THE AMOUNT OF $3,978 AND $4,684 WERE TREATED AS TAXABLE COMPENSATION.
PART I, LINE 4B	MICHAEL M. KNETTER PARTICIPATES IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN OF THE UNIVERSITY OF WISCONSIN FOUNDATION. THE UNIVERSITY OF WISCONSIN FOUNDATION DID NOT MAKE CONTRIBUTIONS TO THIS PLAN DURING CALENDAR YEAR 2024, NOR WERE ANY DISTRIBUTIONS MADE.
PART I, LINE 5	COMPENSATION CONTINGENT ON REVENUES: THE PRESIDENT & CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, AND SVP DEVELOPMENT (2 INCUMBENTS) PARTICIPATE IN AN INCENTIVE COMPENSATION ARRANGEMENT. THESE EXECUTIVES' VARIABLE COMPENSATION IS BASED ON PERFORMANCE AGAINST A SCORECARD AND INCLUDES A COMPONENT BASED ON DEVELOPMENT DOLLARS RECEIVED. THE CATEGORIES AND METRICS ARE REVIEWED AND ADJUSTED ANNUALLY BY THE EXECUTIVE COMMITTEE. THERE IS ALSO A QUALITATIVE COMPONENT TO EACH SCORECARD.
PART I, LINE 7	ORGANIZATION PROVIDING NON-FIXED PAYMENTS NOT DESCRIBED IN LINES 5 & 6: BEGINNING WITH CALENDAR YEAR 2007, THE INVESTMENT COMMITTEE OF THE UNIVERSITY OF WISCONSIN FOUNDATION BOARD INSTITUTED AN INCENTIVE COMPENSATION PLAN FOR SELECTED PARTICIPANTS OF THE UW FOUNDATION INVESTMENT MANAGEMENT GROUP. THE BOARD OF DIRECTORS AND THE CEO OF THE UNIVERSITY OF WISCONSIN FOUNDATION APPROVED THE ESTABLISHMENT OF THE PLAN WHICH IS DETAILED BELOW: PARTICIPANTS: CHIEF INVESTMENT OFFICER, SENIOR DIRECTORS OF INVESTMENTS AND OTHERS RECOMMENDED BY THE CEO AND APPROVED BY THE INVESTMENT COMMITTEE AND THE EXECUTIVE COMMITTEE. INCENTIVE COMPENSATION: PARTICIPANTS ARE ELIGIBLE FOR AWARDS RANGING FROM ZERO TO 100% OF THEIR ANNUAL BASE CASH COMPENSATION EARNED IN THE CALENDAR YEAR UNDER REVIEW. THE CEO, IN CONSULTATION WITH THE CHAIR OF THE INVESTMENT COMMITTEE, RECOMMENDS APPROPRIATE PERCENTAGE INCENTIVE OPPORTUNITY BASED ON MARKET VALIDATED TOTAL CASH COMPENSATION BASED ON THE WFAA COMPENSATION PHILOSOPHY. THE AWARD AMOUNT IS BASED ON A RETROSPECTIVE ASSESSMENT OF PERFORMANCE AGAINST GOALS (COMPARED TO PRE-DETERMINED BENCHMARK) ON A SET OF WEIGHTED FACTORS CUSTOMIZED FOR EACH ELIGIBLE EMPLOYEE. THESE ASSESSMENTS ARE COMPLETED AS DATA BECOMES AVAILABLE FOR THE PRIOR CALENDAR YEAR, AND ARE SUBSEQUENTLY PRESENTED TO THE EXECUTIVE COMMITTEE FOR APPROVAL. INCENTIVE COMPENSATION AWARDED UNDER THIS PLAN WILL NOT TRIGGER ADDITIONAL CONTRIBUTIONS TO THE FOUNDATION'S DEFINED CONTRIBUTION 401(K) PLAN. FACTORS TO CONSIDER: IN DETERMINING THE PERCENTAGE OF SALARY TO BE AWARDED, EACH ELIGIBLE PARTICIPANT WILL BE EVALUATED ON INVESTMENT RETURN RESULTS AS WELL AS NON-FINANCIAL FACTORS RELATED TO HIS/HER PERFORMANCE. THE SPECIFIC FACTORS, COMPARISONS, TIMEFRAMES AND WEIGHTINGS WILL BE DETERMINED BY THE INVESTMENT COMMITTEE CHAIR, IN CONSULTATION WITH THE CEO, BASED ON EACH INDIVIDUAL PARTICIPANT'S ROLE, PERFORMANCE, LENGTH OF SERVICE, ASSET CLASS RESPONSIBILITY AND OTHER RELEVANT FACTORS. THESE PERSONALIZED PERFORMANCE MEASURES WILL BE DOCUMENTED, AND APPROVED BY THE EXECUTIVE COMMITTEE FOR EACH PARTICIPANT PRIOR TO THE BEGINNING OF THE CALENDAR YEAR TO BE MEASURED. METHOD OF PAYMENT: PAYMENTS WILL BE AWARDED AS A COMBINATION OF CASH AND DEFERRED.

Schedule M IRS990ScheduleM

Cars And Other Vehicles CarsAndOtherVehiclesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$29,136	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	586	ContributionCnt
Noncash Contributions Rpt F990	$41,175,077	NoncashContributionsRptF990Amt
Method Of Determining Revenues	MARKET VALUE	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	MISCELLANEOUS	Desc
Contribution	18	ContributionCnt
Noncash Contributions Rpt F990	$1,355,552	NoncashContributionsRptF990Amt
Method Of Determining Revenues	OTHER	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	9	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (1)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, COLUMN (B):	COLUMN B REPORTING EXPLANATION: THE ORGANIZATION IS REPORTING NUMBER OF CONTRIBUTIONS IN COLUMN B OF SCHEDULE M, PART I.
PART I, LINE 32B:	THIRD PARTIES AND NON-CASH CONTRIBUTIONS: FOR NON-CASH CONTRIBUTIONS THAT ARE NOT TRANSFERRED TO THE UNIVERSITY OF WISCONSIN, THE UNIVERSITY OF WISCONSIN FOUNDATION HIRES REAL ESTATE AGENTS (AT ARM'S LENGTH) TO SELL REAL ESTATE, BROKERS WITHIN A NETWORK OF ACCOUNTS HELD IN THE FOUNDATION'S NAME TO SELL STOCK, AND A THIRD PARTY (AT ARM'S LENGTH) TO SELL ANY MISCELLANEOUS GOODS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	MICHAEL SHANNON AND SUSAN ENGELEITER BOTH SERVED AS DIRECTORS ON THE BOARD AND ARE BROTHER AND SISTER.
FORM 990, PART VI, SECTION B, LINE 11B	PROCESS ORGANIZATION USES TO REVIEW FORM 990: THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. ONCE A DRAFT OF THE FORM 990 IS RECEIVED FROM THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM, A LINE BY LINE REVIEW OF THE RETURN IS COMPLETED BY THE CONTROLLER OF THE UNIVERSITY OF WISCONSIN FOUNDATION WHO IS A CERTIFIED PUBLIC ACCOUNTANT. THE RETURN IS ALSO REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE AUDIT COMMITTEE OF THE UNIVERSITY OF WISCONSIN FOUNDATION PRIOR TO FILING. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	HOW ORGANIZATION MONITORS AND ENFORCES CONFLICT OF INTEREST POLICY: ALL OFFICERS, DIRECTORS, KEY EMPLOYEES, AND EMPLOYEES OF THE UNIVERSITY OF WISCONSIN FOUNDATION ARE COVERED UNDER THE FOUNDATION'S CONFLICT OF INTEREST POLICY. OFFICERS, DIRECTORS, KEY EMPLOYEES, AND EMPLOYEES ARE TO DISCLOSE INTEREST THAT MAY LEAD TO A CONFLICT. OFFICERS, DIRECTORS, AND KEY EMPLOYEES COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE INTERESTED PARTY MUST FULLY DISCLOSE ANY POTENTIAL CONFLICTS AND COMPLETELY RECUSE HIM/HERSELF FROM DISCUSSION AND ANY RELATED VOTE.
FORM 990, PART VI, SECTION B, LINE 15	PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT: ANNUALLY THE EXECUTIVE COMMITTEE MEETS TO: 1) DETERMINE AND APPROVE THE CEO'S PAY, AND 2) REVIEW AND APPROVE THE PAY RECOMMENDATIONS MADE BY THE CEO FOR ALL OTHER CORPORATE OFFICERS, THE DIRECT REPORTS OF THE CEO, AND ANY EMPLOYEE WITH AN INDIVIDUAL INCENTIVE PLAN. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE FOLLOWING MEMBERS OF THE BOARD: CHAIR, VICE-CHAIR, ADVANCEMENT COMMITTEE CHAIR, AUDIT COMMITTEE CHAIR, BUDGET & PEOPLE COMMITTEE CHAIR, GOVERNANCE & NOMINATING COMMITTEE CHAIR, INVESTMENT COMMITTEE CHAIR, AND TWO OTHER DIRECTORS APPOINTED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE REVIEWS SALARY SURVEY DATA PROVIDED BY HR THAT ARE ADMINISTERED BY THIRD-PARTY COMPENSATION CONSULTANTS THAT INCLUDE BIG TEN, BIG 12 AND OTHER UNIVERSITY FOUNDATIONS AND DEVELOPMENT DEPARTMENTS, AS WELL AS OTHER INDUSTRY DATA, AS APPROPRIATE. THE EXECUTIVE COMMITTEE USES THIS MARKET DATA IN CONJUNCTION WITH INDIVIDUAL JOB PERFORMANCE AND THE FOUNDATION'S COMPENSATION PHILOSOPHY TO BE COMPETITIVE ON A NATIONAL, REGIONAL, OR LOCAL BASIS FOR SIMILAR JOBS IN SIMILAR ORGANIZATIONS AS A BASIS FOR REVIEWING AND APPROVING ANY RECOMMENDATIONS. ACTIONS TAKEN ARE REFLECTED IN THE MINUTES OF EACH COMMITTEE MEETING. MINUTES ARE DISTRIBUTED, REVIEWED, AND OFFICIALLY APPROVED AT SUBSEQUENT MEETINGS.
FORM 990, PART VI, SECTION C, LINE 18	THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19	HOW ORGANIZATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC: THE FOLLOWING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT: HTTPS://WWW.SUPPORTUW.ORG/ABOUT-US/FINANCIAL-INFORMATION/ -IRS TAX DETERMINATION LETTER -AUDITED FINANCIAL STATEMENTS -ANNUAL REPORTS -FORM 990 OTHER REQUIRED DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,181,095.
FORM 990, PART XII, LINE 2C:	THE PROCESS DID NOT CHANGE FROM PRIOR YEAR.
FORM 8621: FILING 8621 ON BEHALF OF UNIVERSITY OF WISCONSIN FOUNDATION	UNIVERSITY OF WISCONSIN FOUNDATION OWNS A STAKE IN THE FOLLOWING PARTNERSHIPS WHICH HAVE INDIRECT INVESTMENTS IN PASSIVE FOREIGN INVESTMENT COMPANIES (PFICS), AND HAVE FILED FORM 8621 ON BEHALF OF UNIVERSITY OF WISCONSIN FOUNDATION: CERBERUS INSTITUTIONAL PARTNERS, L.P. SERIES FOUR

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Direct Controlling NADirectControllingNACd	Controlled OrganizationControlledOrganizationInd
THE EVJUE FOUNDATION INC
1901 FISH HATCHERY ROAD	MADISON	WI	53713	396073981	SUPPORT ORG	WI	501(C)(3)	LINE 12A, I	N/A	Yes (1)
TERRY FAMILY FOUNDATION INC
125 N HAMILTON ST UNIT 1401	MADISON	WI	53703	391831024	SUPPORT ORG	WI	501(C)(3)	LINE 12A, I	N/A	Yes (1)

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd	Entity TypeEntityTypeTxt
POOLED INCOME FUND B - 2 PARTICIPANTS
POOLED FUND	WI	UW FOUNDATION	Yes (1)
POOLED INCOME FUND A - 3 PARTICIPANTS
POOLED FUND	WI	UW FOUNDATION	Yes (1)
CHARITABLE REMAINDER UNITRUST - 86
TRUST	WI	UW FOUNDATION	Yes (1)	T
CHARITABLE REMAINDER ANNUITY TRUST - 9
TRUST	WI	UW FOUNDATION	Yes (1)	T

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	Yes (1)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	CHARITABLE REMAINDER UNITRUSTS - 1	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	S	TransactionTypeTxt
Involved	$139,000	InvolvedAmt
Method Of Amount Determination	CASH VALUE	MethodOfAmountDeterminationTxt