Wisconsin Alumni Research Foundation

Foundation · Grantmaker Madison, WI EIN: 39-0833612 Website

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.

Key facts about Wisconsin Alumni Research Foundation

EIN: 39-0833612
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $100,577,427
Grants made (2025): 2
Average grant: $50,288,714
Median grant: $50,288,714
Total assets: $3,432,336,917
Primary geography: Wisconsin (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

How Wisconsin Alumni Research Foundation gives

Giving held roughly steady from 2022 to 2025 (+6%). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$3.4B

+3.7% YoY

Annual Giving

$100.6M

+9.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$50.3M

+9.2% YoY

About Wisconsin Alumni Research Foundation

Based on IRS filings

Wisconsin Alumni Research Foundation is a nonprofit organization focused on Education, based in Madison, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.4B in total assets. In 2025, it awarded 2 grants totaling $100.6M. Net investment income was $162.2M.

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Wisconsin $100.6M (100%)

Share of all 2 itemized 2025 grant dollars.

States

Wisconsin

Cities

Madison

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$3,432,336,917	$3,311,169,475	$3,185,260,024
Revenue	$189,345,562	$140,752,874	$-21,573,356
Expenses	$219,953,693	$155,756,191	$155,452,922
Qualifying Distributions	—	—	—
Net Investment Income	$162,171,779	$108,787,539	$-41,495,994
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2021–2025

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include University of Wisconsin - Madison ($95,377,427), Morgridge Institute for Research ($5,200,000).

Recipient	Purpose	Amount
UNIVERSITY OF WISCONSIN - MADISON Madison, WI	SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4A	$95,377,427
MORGRIDGE INSTITUTE FOR RESEARCH Madison, WI	SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4B	$5,200,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

Name	Title	Hours	Compensation
Erik Iverson	Trustee/CEO, Secretary	40	$799,362
Deborah Keller	Trustee, Chair	4	$33,000
Winslow Sargeant	Trustee	2	$27,000
Mary Haak-Frendscho	Trustee	2	$28,000
James Berbee	Trustee	2	$27,000
Asha S Collins	Trustee	2	$27,000
David Smukowski	Trustee	2	$27,000
Thomas Tefft	Trustee, Treasurer	3	$27,000
Rebecca House	Trustee	2	$24,000
Paul Leff	Trustee	2	$24,000
Doris Meissner	Trustee, Vice Chair	3	$24,000
Jennifer Mnookin	Trustee	2	$24,000
James Thompson	Trustee	2	$24,000
Stephen Petersen	Trustee	1	$1,250
Colin Welch	Trustee	1	$1,250
Michael Falk	Chief Ip & Licensing Officer	40	$480,905
Michael Partsch	Chief Venture Officer	40	$437,432
Alyssa Thoeny	Chief Financial Officer	40	$367,287
Deborah Solmor	General Counsel	40	—
Alain Hung	Deputy Chief Investment Officer	40	$527,201
Michael Wagner	Investment Director	40	$460,000
Jonathan Young	Head of Warf Therapeutics	40	$367,879
Brian Dyck	Senior Director, Warf Therapeutics	40	$276,345
Patrick Cooney	Deputy General Counsel	40	$273,745

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Wisconsin Alumni Research Foundation?

Wisconsin Alumni Research Foundation is a nonprofit organization focused on Education, based in Madison, WI. It holds $3.4B in total assets as of 2025.

How large is Wisconsin Alumni Research Foundation?

As of 2025, Wisconsin Alumni Research Foundation holds $3.4B in total assets with $189.3M in annual revenue. It awarded 2 grants totaling $100.6M in 2025.

Where does Wisconsin Alumni Research Foundation operate?

Wisconsin Alumni Research Foundation has awarded grants in Wisconsin.

What size grants does Wisconsin Alumni Research Foundation award?

In 2025, Wisconsin Alumni Research Foundation awarded 2 grants totaling $100.6M — an average of about $50.3M per grant, based on its IRS Form 990 filings.

What is Wisconsin Alumni Research Foundation's EIN?

Wisconsin Alumni Research Foundation's EIN (Employer Identification Number) is 39-0833612. IRS Form 990 filing data is available on this page for 2021–2025.