Overview
What is Wayne State University Foundation?
The Wayne State University Foundation is a nonprofit organization situated in Detroit, Michigan, with a US address at 5700 CASS AVENUE AAB 4900, ZIP code 48202. Its primary mission is to encourage and manage financial support for Wayne State University. By doing so, the foundation enables the university to provide valuable learning and discovery opportunities to its students, faculty, and scientists that might otherwise be financially out of reach.
Official website here: www.pivotalmoments.wayne.edu/about/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Wayne State University Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's high score is particularly notable for its 100% weighting in accountability and finance, indicating a robust governance structure and financial management practices.
Strengths highlighted include a majority of independent board members, an effective audit and oversight committee, and comprehensive policies regarding conflicts of interest and whistleblowing. The foundation maintains a low liabilities-to-assets ratio, which showcases its financial stability, and dedicates a significant portion of its budget toward program expenses, further demonstrating its commitment to fulfilling its mission.
While the rating is overwhelmingly positive, the focus on financials means that the overview does not delve into the impact of its programs or community engagement. Nonetheless, the Foundation's strong governance and financial practices position it as a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Wayne State University Foundation legitimate?
Wayne State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayne State 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.pivotalmoments.wayne.edu/about/foundation
What is the mission statement of Wayne State University Foundation?
The Wayne State University Foundation serves as a central hub for managing financial support aimed at Wayne State University. This financial backing enables the university to extend valuable learning and discovery opportunities to its students, faculty, and researchers that might have otherwise been financially inaccessible. By providing this crucial funding, the foundation plays a vital role in expanding the educational and research capabilities of Wayne State University.
Official website here: www.pivotalmoments.wayne.edu/about/foundation
Who is the CEO of Wayne State University Foundation?
David Massaron is the Director of Wayne State University Foundation.
Official website here: www.pivotalmoments.wayne.edu/about/foundation
What is the revenue of Wayne State University Foundation?
Wayne State University Foundation's revenue in 2022 was $143,332,679.
Official website here: www.pivotalmoments.wayne.edu/about/foundation
Who are the executives of Wayne State University Foundation and what are their salaries?
There 25 volunteers at Wayne State University Foundation.
Here are 23 key members and their salaries:
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- Related: $306,954
- Other: $52,338
Official website here: www.pivotalmoments.wayne.edu/about/foundation
Where can I find the form 990 for Wayne State University Foundation?
Wayne State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pivotalmoments.wayne.edu/about/foundation
Learn more at the official website: www.pivotalmoments.wayne.edu/about/foundation
Mission Statement of Wayne State University Foundation
The Wayne State University Foundation serves as a crucial hub for raising and managing financial resources to support the educational and research pursuits of Wayne State University. By providing this financial backing, the institution can offer its students, faculty, and scientists with valuable opportunities for growth and discovery that would otherwise be financially out of reach.
The mission of the Wayne State University Foundation is multifaceted. At its core, it aims to be the central point for encouraging and managing financial support to Wayne State University. This role is essential in enabling the university to provide access to life-changing experiences for its community. Through the Foundation's efforts, Wayne State University can expand its horizons, fostering an environment that empowers students, faculty, and researchers to excel and innovate.
The impact of the Wayne State University Foundation is far-reaching. Its financial support is instrumental in facilitating the university's mission: to provide quality education, conduct groundbreaking research, and create an inclusive and diverse community. By providing the necessary means for Wayne State University to thrive, the Foundation plays an essential role in shaping the future of its students and the broader academic landscape.
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Impact
October, 2024
Wayne State University Foundation plays a vital role in enhancing the educational experience at Wayne State University. By managing and encouraging financial support, the foundation enables the university to offer opportunities for learning and discovery that might not be achievable without this funding. This support benefits students, faculty, and scientists, empowering them to pursue innovative research and academic endeavors. The foundation's contributions directly strengthen the university's operations and objectives, ensuring that the educational community can thrive and excel in its mission. Located in Detroit, Michigan, the foundation's efforts contribute significantly to the growth and development of both the university and the broader community.
This information is meant to be a general summary of Wayne State 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: $114,526,220
- Gross Receipts: $1,402,264,256
Assets and Liabilities:
- Total Assets: $453,355,197
- Total Liabilities: $657,567
- Net Assets: $452,697,630
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Organization Details
Founding Year
2000
Phone
(313) 577-5580Principal Officer
David Massaron
Main Address
5700 CASS AVENUE AAB 4900, DETROIT, MI, 48202
NTEE Category
Code: B432 - Education
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