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Wilmington University Inc

NEW CASTLE, DE EIN: 51-0107088 Website

WILMINGTON UNIVERSITY IS COMMITTED TO EXCELLENCE IN TEACHING, RELEVANCY OF THE CURRICULUM, AND INDIVIDUAL ATTENTION TO STUDENTS. AS AN INSTITUTION WITH ADMISSIONS POLICIES THAT PROVIDE ACCESS FOR ALL, IT OFFERS OPPORTUNITY FOR HIGHER EDUCATION TO STUDENTS OF VARYING AGES, INTERESTS AND ASPIRATIONS.THE UNIVERSITY PROVIDES A RANGE OF EXEMPLARY CAREER-ORIENTED UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREE PROGRAMS FOR A GROWING AND DIVERSE STUDENT POPULATION. IT DELIVERS THESE PROGRAMS AT LOCATIONS AND TIMES CONVENIENT TO STUDENTS AND AT AN AFFORDABLE PRICE. A HIGHLY QUALIFIED FULL-TIME FACULTY WORKS CLOSELY WITH PART-TIME FACULTY DRAWN FROM THE WORKPLACE TO ENSURE THAT THE UNIVERSITY'S PROGRAMS PREPARE STUDENTS TO BEGIN OR CONTINUE THEIR CAREER, IMPROVE THEIR COMPETITIVENESS IN THE JOB MARKET, AND ENGAGE IN LIFELONG LEARNING.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$371.6M

+4.0% YoY

Annual Giving

$104K

-12.5% YoY

Grant Count

10

+0.0% YoY

Avg Grant Size

$10K

-12.5% YoY

About Wilmington University Inc

Based on IRS filings

Wilmington University Inc is a nonprofit organization focused on Education, based in NEW CASTLE, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $371.6M in total assets. In 2024, it awarded 10 grants totaling $104K. Net investment income was $17.0M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

DoverGeorgetownGlenviewMontchaninNew CastleWilmington

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$43M$86M$129M$172M20202021202220232024
Metric202420232022
Total Assets$371,599,373$357,282,631$291,760,814
Revenue$156,581,244$123,946,874$129,795,391
Expenses$133,473,842$121,397,331$119,415,820
Qualifying Distributions
Net Investment Income$16,966,395$-3,679,222$18,140,749
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$30K$59K$89K$119K9 grants20204 grants20215 grants202210 grants202310 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

DELAWARE STATE CHAMBER O…$19KNEW CASTLE COUNTY CHAMBE…$15KTHE DELAWARE LAW RELATED…$15KGRAND OPERA HOUSE$13KUNITED WAY$10KBOYS & GIRLS CLUBS OF DE…$8KDELAWARE TECHNICAL & COM…$7KRONALD MCDONALD HOUSE$6KTHE PETE DU PONT FREEDOM…$6KEASTER SEALS$6K

Grant Size Distribution

38 grants across all recorded years

38<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

CAROLE D PITCHERVICE PRESIDENT (UNTIL 1/15/23)$1.2MLAVERNE T HARMONPRESIDENT$1.2MERIN DIMARCOSENIOR VP & COO$602KPETER BAILEYFORMER VICE PRESIDENT$562KHEATHER O'CONNELLVICE PRESIDENT (UNTIL 2/29/24)$470KPHILLIP CLOSIUSDEAN$422KJAMES WILSON JRVICE PRESIDENT$397KCHRISTIAN TROWBRIDGEVICE PRESIDENT$379KJACQUELINE VARSALONAVICE PRESIDENT$370KLLOYD RICKETSVP & CFO, TREASURER$305K

From 2024 filing

NameTitleHoursCompensation
MELISSA ZEBLEYTRUSTEE1
ROBERT C COLE JRTRUSTEE1
ALAN D ELLINGSWORTHTRUSTEE1
MICHAEL FARNANTRUSTEE1
LARRY D GEHRKETRUSTEE1
DAVID F MARVINTRUSTEE1
LAWARENCE H MILLERTRUSTEE1
EDMUND PRIBITKINTRUSTEE1
JOHN RAY IIITRUSTEE1
DANA P ROBINSONTRUSTEE1
ALLEN SAMUELSTRUSTEE1
TRACY WOODSONTRUSTEE1
SUE ROBINSONTRUSTEE1
THOMAS S SHAWTRUSTEE1
THOMAS E LEIPOLD PHDVICE CHAIRMAN1
JOSEPH J FARNAN JRCHAIRMAN1
LAVERNE T HARMONPRESIDENT40$1,179,333
LLOYD RICKETSVP & CFO, TREASURER40$304,992
ERIN DIMARCOSENIOR VP & COO40$601,978
JAMES WILSON JRVICE PRESIDENT40$397,197
CAROLE D PITCHERVICE PRESIDENT (UNTIL 1/15/23)40$1,249,498
HEATHER O'CONNELLVICE PRESIDENT (UNTIL 2/29/24)40$469,791
PHILLIP CLOSIUSDEAN40$421,615
CHRISTIAN TROWBRIDGEVICE PRESIDENT40$378,783
JACQUELINE VARSALONAVICE PRESIDENT40$370,260
PETER BAILEYFORMER VICE PRESIDENT40$562,198

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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