Overview
What is University Of Wisconsin - Eau Claire Foundation Inc?
The University of Wisconsin-Eau Claire Foundation Inc is a nonprofit organization dedicated to raising and managing funds for the betterment of the University of Wisconsin-Eau Claire. They disbse over 60% of their program expenses towards university programs, supporting general operational needs of departments and colleges, including funds for projects and activities not covered by state funding. With a mission to encourage scholarship, advance education, and develop opportunities for students, the Foundation invests funds according to their discretion, beyond trust fund investment standards. The organization, with a team of three employees, strives for fiscal integrity and advocacy, ultimately contributing to academic excellence at the University.
Official website here: www.foundation.uwec.edu/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The University of Wisconsin - Eau Claire Foundation Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial management. With an overall score derived entirely from its financial practices, the foundation excels in various criteria, including a perfect score for the independence of its board members and robust financial oversight mechanisms.
Strengths include a high program expense ratio of 88.25%, indicating that the majority of funds are directed towards its core mission rather than administrative costs. The foundation also demonstrates exceptional fundraising efficiency, with only $0.03 spent to raise each dollar, showcasing its effective financial stewardship. Its commitment to transparency is evidenced by the availability of comprehensive policies and documentation, all of which contribute to its strong accountability profile.
While the foundation boasts impressive metrics, it is essential for potential donors to remain aware that these ratings are quantitative and do not capture qualitative aspects of program impact or community engagement. Nonetheless, the foundation's solid financial structure and independent oversight make it a trustworthy organization for potential contributors.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Wisconsin - Eau Claire Foundation Inc legitimate?
University Of Wisconsin - Eau Claire Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Wisconsin - Eau Claire Foundation Inc 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.foundation.uwec.edu/
What is the mission statement of University Of Wisconsin - Eau Claire Foundation Inc?
The University of Wisconsin-Eau Claire Foundation Inc is committed to managing private funds donated to the organization for the benefit of the university. With fiscal integrity and respect towards donors, the foundation's primary goal is advocacy of the university to the broader community. The mission encompasses stewardship of donated funds, promoting academic excellence at the University of Wisconsin-Eau Claire, and expanding opportunities for students beyond state-funded areas. The foundation determines investment standards for the funds and is not limited to trust fund investments.
Official website here: www.foundation.uwec.edu/
Who is the CEO of University Of Wisconsin - Eau Claire Foundation Inc?
Kimera M Way is the Chair of University Of Wisconsin - Eau Claire Foundation Inc.
Official website here: www.foundation.uwec.edu/
What is the revenue of University Of Wisconsin - Eau Claire Foundation Inc?
University Of Wisconsin - Eau Claire Foundation Inc's revenue in 2022 was $61,072,738.
Official website here: www.foundation.uwec.edu/
Who are the executives of University Of Wisconsin - Eau Claire Foundation Inc and what are their salaries?
There are 3 employees and 32 volunteers at University Of Wisconsin - Eau Claire Foundation Inc.
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Official website here: www.foundation.uwec.edu/
Where can I find the form 990 for University Of Wisconsin - Eau Claire Foundation Inc?
University Of Wisconsin - Eau Claire Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.uwec.edu/
Learn more at the official website: www.foundation.uwec.edu/
Mission Statement of University Of Wisconsin - Eau Claire Foundation Inc
University of Wisconsin-Eau Claire Foundation Inc is a nonprofit organization dedicated to providing financial aid and assistance to deserving students at the University of Wisconsin-Eau Claire. Its primary mission is to steward the private funds donated to the foundation for the benefit of the university. With fiscal integrity and respect for its valued donors, the Foundation advocates for the university within the broader community, aiming to contribute to academic excellence.
The University of Wisconsin-Eau Claire Foundation, Inc. holds the responsibility of managing and investing donated funds that do not fall under the state's typical appropriations. This allows the organization to expand opportunities for students in areas not usually funded by the state. The Foundation's investments are chosen based on standards determined by the organization itself, not restricted to trust fund investments. The ultimate goal of the University of Wisconsin-Eau Claire Foundation is to support the university and its students through the management of donor contributions, ensuring academic growth and success.
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Impact
October, 2024
The University of Wisconsin - Eau Claire Foundation Inc significantly enhances the educational experience for students at the University of Wisconsin-Eau Claire through robust financial support and resource allocation. By providing financial aid and assistance to deserving students, the Foundation plays a critical role in making higher education accessible to those in need.
Over 60% of the Foundation's total program expenses are channeled toward university programs, which includes providing essential operational support across 40 administrative units. This funding not only supports direct educational endeavors but also sustains projects and activities that would otherwise be unsupported due to state funding limitations. As a result, approximately 900 administrative and operational support staff benefit from these resources, fostering a more effective learning environment.
The Foundation's commitment to encouraging scholarship and advancing educational initiatives demonstrates its pivotal role in enhancing academic excellence at the university. By managing and effectively utilizing private donations, it advocates for the university within the broader community, ensuring financial integrity and respect for donors while striving to improve opportunities for current and future students.
This information is meant to be a general summary of University Of Wisconsin - Eau Claire Foundation Inc. 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: $4,688,901
- Program Service Revenue: $161,232
- Gross Receipts: $70,186,124
Assets and Liabilities:
- Total Assets: $130,453,773
- Total Liabilities: $39,703,622
- Net Assets: $90,750,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALUMNI EVENTS
Revenue
$160,151
PROGRAM RENTAL INCOME
Revenue
$1,081
Organization Details
Founding Year
1958
Phone
(715) 836-2987Principal Officer
Kimera M Way
Main Address
127 ROOSEVELT AVENUE, EAU CLAIRE, WI, 54701
Website
www.foundation.uwec.edu/NTEE Category
Code: B110 - Education
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