Public Charity

WISCONSIN ALUMNI RESEARCH FOUNDATION

WISCONSIN ALUMNI RESEARCH FOUNDATION is a nonprofit organization categorized as Public Charity based in MADISON, WI. Its most recent IRS filing (2025) reports revenue of $189.3M, expenses of $220.0M, total assets of $3.4B. Imperigo tracks 4 reported grant relationships connected to this organization totaling approximately $375K.

EIN: 390833612 MADISON, WI Alumni Associations NTEE: B84 Latest filing: 2025
Total Revenue$189.3M
Total Expenses$220.0M
Total Assets$3.4B
Grant Records4
Funding Total$375K
Filing Years2020–2025

Mission

TO SUPPORT SCIENTIFIC RESEARCH WITHIN THE UW-MADISON COMMUNITY BY PROVIDING FINANCIAL SUPPORT, ACTIVELY MANAGING ASSETS, AND MOVING INNOVATIONS TO THE MARKETPLACE FOR A FINANCIAL RETURN AND GLOBAL IMPACT.

Where $100 goes at Wisconsin Alumni Research Foundation

How Wisconsin Alumni Research Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$89 Programs the work itself
$11 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $89 for programs

$68
1) warf supports uw-Madison through ongoing operational and functional support, a core annual base grant, and additional year-to-year grants
77% of program spending
$21
2) in addition to uw-Madison's public research mission, warf also supports the morgridge institute for research (morgridge), a private non-profit medical research organization functionally integrated with uw-Madison, through…
23% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DEPUTY CHIEF INVESTMENT OFFICER Alain Hung
CHIEF FINANCIAL OFFICER Alyssa Thoeny
TRUSTEE Asha S Collins
SENIOR DIRECTOR, WARF THERAPEUTICS Brian Dyck
TRUSTEE Colin Welch
TRUSTEE David Smukowski

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$375,085 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $189.3M $220.0M $3.4B
2024 $140.8M $155.8M $3.3B
2023 $-21.6M $155.5M $3.2B
2021 $574.2M $251.1M $3.7B
2020 $255.0M $152.4M $3.2B

Between 2020 and 2025, reported annual revenue declined from $255.0M to $189.3M (-26%), with total assets most recently reported at $3.4B.

Interactive year-over-year charts and full filing details available with membership.

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