Overview
What is Western Illinois University Foundation?
The Western Illinois University Foundation is a nonprofit organization headquartered at 1 University Circle 303, Macomb, Illinois, 61455. Their mission is to bolster Western Illinois University's core values by raising private funds, including scholarships and grants for students, faculty awards, education, and various programs. The Foundation seeks to supplement state resources, enabling the university to further its mission in instruction, research, and public service. During the recent year, they distributed approximately 2,910 scholarships and 30 faculty & staff awards, totaling $3,103,889 in grants.
Official website here: www.wiu.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Western Illinois University Foundation has achieved a Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. The organization’s commitment to transparency is evidenced by its 100% independent board members, comprehensive financial oversight, and adherence to conflict of interest policies. It has demonstrated strong financial health with a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its funds is allocated towards its mission.
Strengths of the foundation include its effective fundraising efficiency and its impressive working capital, which suggests robust financial stability and the ability to sustain its operations over the long term. The foundation's practices, including the distribution of financial statements to board members prior to filing and the documentation of board meeting minutes, reinforce its commitment to governance and accountability.
While the data does not highlight any limitations, the strong performance metrics suggest that the foundation is well-managed and operates with a high level of integrity. Overall, the Western Illinois University Foundation exemplifies a responsible nonprofit organization focused on supporting education and community development.
This AI summary has been generated from information found on Charity Navigator.
Is Western Illinois University Foundation legitimate?
Western Illinois University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Illinois University Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.wiu.edu/foundation
What is the mission statement of Western Illinois University Foundation?
The Western Illinois University Foundation's mission is to boost private funding for Western Illinois University, augmenting the state's appropriations to elevate academic excellence, educational opportunities, personal growth, and social responsibility. The foundation aims to support initiatives beyond the state's funding scope, enabling the university to expand its instruction, research, and public service efforts. By collecting and managing private donations, the foundation enhances educational prospects for students and advances the university's goals. These contributions serve to enrich the university's resources, making possible programs that would otherwise be inaccessible. Generous contributions to the foundation enable Western Illinois University to provide a more well-rounded education and contribute further to its mission.
Official website here: www.wiu.edu/foundation
Who is the CEO of Western Illinois University Foundation?
Bradley L Bainter is the President of Western Illinois University Foundation.
Official website here: www.wiu.edu/foundation
What is the revenue of Western Illinois University Foundation?
Western Illinois University Foundation's revenue in 2022 was $14,526,039.
Official website here: www.wiu.edu/foundation
Who are the executives of Western Illinois University Foundation and what are their salaries?
There 366 volunteers at Western Illinois University Foundation.
Here are 21 key members and their salaries:
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Official website here: www.wiu.edu/foundation
Where can I find the form 990 for Western Illinois University Foundation?
Western Illinois University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wiu.edu/foundation
Learn more at the official website: www.wiu.edu/foundation
Mission Statement of Western Illinois University Foundation
The Western Illinois University Foundation plays a crucial role in expanding the capabilities of Western Illinois University (WIU) by acquiring private support. With a mission to augment the university's core values, this nonprofit organization aims to foster academic excellence, educational opportunity, personal growth, and social responsibility.
Through private donations, the WIU Foundation seeks to enhance the educational experiences of students beyond what the State of Illinois provides through sufficient appropriations. The foundation's primary objective is to serve purposes distinct from those already funded by the state, thereby enabling the university to implement programs that may not otherwise exist. These contributions, when combined with state resources, add an extra dimension to WIU's educational offerings, broadening the scope of its mission in instruction, research, and public service.
In essence, the Western Illinois University Foundation acts as a catalyst for growth by securing private funds to support initiatives that extend beyond the scope of the state's financial commitment to the university. These resources provide opportunities for WIU to enrich its educational programs and further its mission, ultimately benefiting its students and the wider academic community.
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Impact
October, 2024
The Western Illinois University Foundation significantly enhances the educational landscape for students and faculty at Western Illinois University. By maximizing private support, the Foundation plays a crucial role in advancing the university's core values of academic excellence, educational opportunities, personal growth, and social responsibility.
In the past year, the Foundation distributed nearly 2,910 scholarships totaling approximately $2.6 million, alongside $45,610 in faculty awards and grants and $410,148 for educational initiatives. This brings the total contributions to over $3.1 million, allowing for the support of programs and resources that would not be feasible through state appropriations alone.
Such private assistance enriches the university's mission of instruction, research, and public service, creating an environment where students can thrive academically and personally. The Foundation not only bolsters financial support but also cultivates an educational ecosystem that encourages growth, innovation, and community engagement, ultimately shaping well-rounded individuals prepared for their future endeavors.
This information is meant to be a general summary of Western Illinois University Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,000,510
- Gross Receipts: $14,619,885
Assets and Liabilities:
- Total Assets: $96,361,352
- Total Liabilities: $1,393,931
- Net Assets: $94,967,421
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Organization Details
Founding Year
1946
Phone
(309) 298-1861Principal Officer
Bradley L Bainter
Main Address
1 University Circle 303, Macomb, IL, 614551390
Website
www.wiu.edu/foundationNTEE Category
Code: B43I - Education
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