Public Charity

WAYNE STATE UNIVERSITY FOUNDATION

WAYNE STATE UNIVERSITY FOUNDATION, of DETROIT, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $21.7M in revenue, $26.4M in expenses, $596.3M in total assets. 90 publicly reported grants to this organization, totaling roughly $5.7M, appear in IRS filings.

EIN: 383555142 DETROIT, MI Latest filing: 2024
Total Revenue$21.7M
Total Expenses$26.4M
Total Assets$596.3M
Grant Records90
Funding Total$5.7M
Filing Years2020–2024

Mission

WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE.

Officers & Directors

ASST VP TREASURY Alana Askew
DIRECTOR Angelo Vitale
SR VP, CFO & TREASURER Bethany Gielczyk
DIRECTOR Bryan C Barnhill Iii
SR VP, CFO & TREASURER (PART YEAR) David Massaron
DIRECTOR/FOUNDATION PRESIDENT David Ripple

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$1,045,626 9 grants
RESEARCH- SUBCONTRACT
$856,126 8 grants
Support of research activities
$532,284 8 grants
EDUCATION/RESEARCH SUBCONTRACTS
$399,329 4 grants
ENCAPSULATED ISLETS
$385,822 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $21.7M $26.4M $596.3M
2023 $9.3M $24.2M $504.2M
2022 $143.3M $23.1M $453.4M
2021 $23.4M $19.3M $515.1M
2020 $23.1M $18.8M $421.0M

Between 2020 and 2024, reported annual revenue declined from $23.1M to $21.7M (-6%), with total assets most recently reported at $596.3M.

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

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