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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$596.3M
+18.3% YoY
Revenue
$21.7M
+132.6% YoY
Net Investment Income
$7.7M
-182.5% YoY
Expenses
$26.4M
+9.1% YoY
About Wayne State University Foundation
Based on IRS filings
Wayne State University Foundation is a nonprofit organization focused on Education, based in DETROIT, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $596.3M in total assets. Net investment income was $7.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $596,291,272 | $504,174,175 | $453,355,197 |
| Revenue | $21,711,369 | $9,335,750 | $143,332,679 |
| Expenses | $26,385,001 | $24,181,087 | $23,095,067 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,708,506 | $-9,341,525 | $114,526,220 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Ripple | DIRECTOR/FOUNDATION PRESIDENT | 15 | — |
| James A Anderson | CHAIR | 1 | — |
| Kimberly Andrews Espy | DIRECTOR/UNIVERSITY PRESIDENT | 2 | — |
| Angelo Vitale | DIRECTOR | 1 | — |
| Bryan C Barnhill III | DIRECTOR | 1 | — |
| Denise J Lewis | DIRECTOR | 1 | — |
| Elizabeth Goldsberry | DIRECTOR | 1 | — |
| Kolleen T Kennedy | DIRECTOR | 1 | — |
| Linda Beale | Director/WSU Law Professor & President of Academic Senate | 1 | — |
| Marilyn Kelly | DIRECTOR | 1 | — |
| Matthew J Simoncini | DIRECTOR | 1 | — |
| QUINCY ALLEN | DIRECTOR | 1 | — |
| Sean Werdlow | DIRECTOR | 1 | — |
| Susan Telang | DIRECTOR | 1 | — |
| Terri Lynn Land | DIRECTOR | 1 | — |
| Tosha Padgett Brown | DIRECTOR/PRESIDENT WSU ALUMNI ASSOCIATION | 1 | — |
| Alana Askew | ASST VP TREASURY | 5 | — |
| Bethany Gielczyk | SR VP, CFO & TREASURER | 1 | — |
| David Massaron | SR VP, CFO & TREASURER (PART YEAR) | 1 | — |
| Neco T Walker | SECRETARY | 15 | — |
| M Roy Wilson MD MS | UNIVERSITY PRESIDENT (FORMER) | 2 | — |
| ROBERT REAVES | DIRECTOR (FORMER) | 1 | — |
| Susan E Burns | PRESIDENT (FORMER) | 15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wayne State University Foundation?
Wayne State University Foundation is a nonprofit organization focused on Education, based in DETROIT, MI. It holds $596.3M in total assets as of 2024.
How large is Wayne State University Foundation?
As of 2024, Wayne State University Foundation holds $596.3M in total assets with $21.7M in annual revenue.
Where does Wayne State University Foundation operate?
Wayne State University Foundation has awarded grants in Michigan.
What is Wayne State University Foundation's EIN?
Wayne State University Foundation's EIN (Employer Identification Number) is 38-3555142. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Wayne State University Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.