Charity Search / WESTERN MICHIGAN UNIVERSITY FOUNDATION
Education (B110) IRS Verified DX Registered 990 on File

WESTERN MICHIGAN UNIVERSITY FOUNDATION

EIN: 38-2138856 · KALAMAZOO, MI 49008-5200 · United States · FY 2024 Data
3 out of 5
CharityAI™ Score
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Mission Statement

The mission of the Western Michigan University Foundation is to promote and support Western Michigan University so that it can effectively carry out its mission of teaching, research and service. The Foundation accomplishes its mission by maintaining and enlarging an endowment fund, the income from which provides supplemental financial assistance for current demands. The WMU Foundation also fulfills its mission through: Cost-effective fund-raising programs, conducted by the University Advancement Office, which seek participation from a variety of Western Michigan University constituents; and Prudent and responsible administration of the assets entrusted to it by its many constituents; and Effective distribution of its resources to areas of priority within Western Michigan University. The WMU Foundation is administered by the executive director/secretary, who also serves as the Vice President for University Advancement, and a volunteer Board of Directors, who oversee how funds can best be used to address the most urgent campus priorities. How funds are allocated is dictated by the governing documents for true endowments and/or departments owning the endowment.

Financial Overview — FY 2024
$58.8M
Total Revenue
$56.4M
Total Expenses
$1069.2M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.2%
Fundraising Efficiency N/A
Operating Reserve 227.64x
Liability-to-Asset 0.0%
Revenue Diversification 52.0%
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $58.8M $56.4M $1069.2M 85.2% 0
2023 $47.7M $60.5M $1029.0M 89.8% 0
2022 $103.7M $49.5M $1004.8M 91.9% 0
2021 $603.5M $35.4M N/A 0
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Organization Details
EIN
38-2138856
State
MI
City
KALAMAZOO
ZIP
49008-5200
Classification
B110
Category
Education
Rating
59★
Last Updated
Aug 2026
IRS Ruling Year
Foundation Code
13
Form 990
On File
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