2025-08-08T14:42:08+00:00 2024-09-30 331498605 PLANTE & MORAN PLLC 3000 TOWN CENTER SUITE 100 SOUTHFIELD MI 48075 990 2023-10-01 383555142 WAYNE STATE UNIVERSITY FOUNDATION WAYN 3135772073 5700 CASS AVENUE AAB 4602 DETROIT MI 48202 BETHANY GIELCZYK SR VP FIN BUSN AFFAIRS, CFO, TREAS 2025-08-08 true true DORI J EGGETT P00645252 2483522500 2025-08-08 2023 2025-03-06 01:10:19Z BETHANY GIELCZYK 5700 CASS AVENUE AAB 4602 DETROIT MI 48202 177223777 false 5224 X HTTPS://PIVOTALMOMENTS.WAYNE.EDU/ABOUT/FOUNDATION X 2000 MI 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. 16 14 0 20 -614407 -486725 18677275 14002863 0 0 -9341525 7708506 0 0 9335750 21711369 18747036 19912528 0 0 0 0 0 0 4990288 5434051 6472473 24181087 26385001 -14845337 -4673632 504174175 596291272 224835 150988 503949340 596140284 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. false false 19912528 19912528 0 TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONS AND OBJECTIVES OF WAYNE STATE UNIVERSITY. 19912528 true true false false false false false false true false true false false false false false true false false true false false false false false false true false true false false false false false false false false false false false false false true false false false true X 0 0 0 true true true CJ false false false false false false false false false false X 16 14 false false false false false true true true true false false true true true true true true false false false MI X BETHANY GIELCZYK SR VP BUSN AFFAIRS CFO 3135775580 5700 CASS AVENUE AAB SUITE 4602 DETROIT MI 48202 David Ripple DIRECTOR/FOUNDATION PRESIDENT 15.0 25.0 X X 0 360956 61850 James A Anderson CHAIR 1.0 39.0 X X 0 0 0 Kimberly Andrews Espy DIRECTOR/UNIVERSITY PRESIDENT 2.0 38.0 X X 0 328506 33494 Angelo Vitale DIRECTOR 1.0 39.0 X 0 0 0 Bryan C Barnhill III DIRECTOR 1.0 39.0 X 0 0 0 Denise J Lewis DIRECTOR 1.0 39.0 X 0 0 0 Elizabeth Goldsberry DIRECTOR 1.0 39.0 X 0 0 0 Kolleen T Kennedy DIRECTOR 1.0 39.0 X 0 0 0 Linda Beale Director/WSU Law Professor & President of Academic Senate 1.0 39.0 X 0 186610 25256 Marilyn Kelly DIRECTOR 1.0 39.0 X 0 0 0 Matthew J Simoncini DIRECTOR 1.0 39.0 X 0 0 0 QUINCY ALLEN DIRECTOR 1.0 39.0 X 0 0 0 Sean Werdlow DIRECTOR 1.0 39.0 X 0 0 0 Susan Telang DIRECTOR 1.0 39.0 X 0 0 0 Terri Lynn Land DIRECTOR 1.0 39.0 X 0 0 0 Tosha Padgett Brown DIRECTOR/PRESIDENT WSU ALUMNI ASSOCIATION 1.0 39.0 X 0 0 0 Alana Askew ASST VP TREASURY 5.0 35.0 X 0 121066 18061 Bethany Gielczyk SR VP, CFO & TREASURER 1.0 39.0 X 0 255840 24614 David Massaron SR VP, CFO & TREASURER (PART YEAR) 1.0 39.0 X 0 341039 35558 Neco T Walker SECRETARY 15.0 25.0 X 0 94623 26712 M Roy Wilson MD MS UNIVERSITY PRESIDENT (FORMER) 2.0 38.0 X 0 888993 170385 ROBERT REAVES DIRECTOR (FORMER) 1.0 39.0 X 0 109831 3828 Susan E Burns PRESIDENT (FORMER) 15.0 25.0 X 0 165238 20122 0 2852702 419880 0 true true false COMMONFUND 5 STRATTON STREET LONDON UK W1H8LA INVESTMENT MANAGEMENT SERVICES 596597 1 14002863 14002863 0 0 0 0 0 2746834 -614407 3361241 0 0 160474080 155512408 4961672 0 4961672 4961672 0 0 0 0 0 21711369 0 -614407 8322913 19912528 19912528 0 0 1482185 1482185 0 0 0 0 REIMBURSEMENTS TO WSU 4990288 4990288 0 0 0 0 26385001 19912528 1482185 4990288 2858276 0 334675 447118 0 0 0 0 0 361708444 420671131 139272780 175173023 0 0 0 504174175 596291272 224835 150988 0 0 0 224835 150988 X 0 0 0 0 503949340 596140284 503949340 596140284 504174175 596291272 -4673632 96864576 0 X false true X true false X X 1 WAYNE STATE UNIVERSITY 386028429 2 true 19912528 0 1 19912528 0 true false false false false false false false false false false false false false false true true true X Schedule A, Part IV, Section E, Line 2a WAYNE STATE UNIVERSITY IS SUPPORTED BY THE FOUNDATION WITH THE PURPOSE TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF THE UNIVERSITY AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING AND DEVELOP ITS INVESTMENT STRATEGY. Schedule A, Part IV, Section E, Line 2b PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES, ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING, DEVELOP ITS INVESTMENT STRATEGY, AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. Schedule A, Part IV, Section E, Line 1c The Organization Supported A Government Entity Explanation THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 503949340 14002863 104573081 19912528 4990288 1482184 596140284 452697630 18677275 56755522 18747036 4653652 780399 503949340 514132105 28806459 -67145867 17487905 4352030 1255132 452697630 420645001 13282746 99501707 16005257 1774896 1517196 514132105 399219670 11126278 29097395 15191168 1671597 1935577 420645001 0.4916 0.5084 0.0 false true true ALTERNATIVES 57575795 F REAL ASSETS 61933291 F OPPORTUNISTIC 55663937 F 175173023 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO PROVIDE WAYNE STATE UNIVERSITY STUDENTS, FACULTY, AND SCIENTISTS WITH THE OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE. Central America and the Caribbean 0 0 Investments 61907990 0 0 0 0 0 0 61907990 0 61907990 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEA true WAYNE STATE UNIVERSITY 5700 CASS AVENUE AAB SUITE 4602 DETROIT MI 48202 386028429 SECTION 115 19912528 PROGRAM SUPPORT 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. WAYNE STATE UNIVERSITY FOUNDATION DOES NOT ADMINISTER THE DISBURSEMENT OF FUNDS TO THIRD PARTIES. THE FUNDS ARE TRANSFERRED TO WAYNE STATE UNIVERSITY, WHOSE STAFF ADMINISTERS THE FUNDS TO THIRD PARTIES WITH INTERNAL DOCUMENTS TO ENSURE THAT DONOR INTENT AND CRITERIA HAVE BEEN MET. false true false false false false false false false Kimberly Andrews Espy DIRECTOR/UNIVERSITY PRESIDENT 0 288506 0 0 0 40000 0 19880 0 13614 0 362000 0 0 David Ripple DIRECTOR/FOUNDATION PRESIDENT 0 337601 0 15000 0 8355 0 32212 0 29638 0 422806 0 0 ROBERT REAVES DIRECTOR (FORMER) 0 109831 0 0 0 0 0 0 0 3828 0 113659 0 0 Linda Beale Director/WSU Law Professor & President of Academic Senate 0 186610 0 0 0 0 0 17161 0 8095 0 211866 0 0 M Roy Wilson MD MS UNIVERSITY PRESIDENT (FORMER) 0 883131 0 5862 0 0 0 152691 0 17694 0 1059378 0 0 Susan E Burns PRESIDENT (FORMER) 0 161638 0 0 0 3600 0 12547 0 7575 0 185360 0 0 David Massaron SR VP, CFO & TREASURER (PART YEAR) 0 340259 0 0 0 780 0 34200 0 1358 0 376597 0 0 Bethany Gielczyk SR VP, CFO & TREASURER 0 244640 0 10000 0 1200 0 23464 0 1150 0 280454 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan WAYNE STATE UNIVERSITY PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. THE UNIVERSITY CONTRIBUTED $150,000 ON BEHALF OF M. ROY WILSON, $10,000 ON BEHALF OF DAVID RIPPLE, AND $15,000 ON BEHALF OF DAVID MASSARON. Schedule J, Part I, Line 3 THE ORGANIZATION'S PRESIDENT IS ALSO A VICE PRESIDENT OF THE RELATED ORGANIZATION, WAYNE STATE UNIVERSITY. THE ORGANIZATION'S PRESIDENT RECEIVES COMPENSATION FROM THE RELATED ORGANIZATION, BUT NOT FROM THE ORGANIZATION. THE COMPENSATION IS ESTABLISHED BY THE RELATED ORGANIZATION, SUBJECT TO APPROVAL BY THAT ORGANIZATION'S GOVERNING BODY, THE WAYNE STATE UNIVERSITY BOARD OF GOVERNORS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body YES, IN ACCORDANCE WITH WAYNE STATE UNIVERSITY FOUNDATION (FOUNDATION) BY-LAWS IN EFFECT FOR THIS FISCAL YEAR, WAYNE STATE UNIVERSITY'S BOARD OF GOVERNORS DIRECTLY APPOINTS TWO FOUNDATION BOARD OF DIRECTORS ("BOARD") MEMBERS, AND IT INDIRECTLY APPOINTS FIVE OTHER BOARD MEMBERS BECAUSE THE FOUNDATION'S BY-LAWS INDICATE THAT CERTAIN WAYNE STATE UNIVERSITY OFFICERS WOULD AUTOMATICALLY BECOME FOUNDATION BOARD MEMBERS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders YES, IN ACCORDANCE WITH WAYNE STATE UNIVERSITY FOUNDATION (FOUNDATION) BY-LAWS IN EFFECT FOR THIS FISCAL YEAR, WAYNE STATE UNIVERSITY'S BOARD OF GOVERNORS APPROVES THE FOUNDATION'S ENDOWMENT FUND ANNUAL SPENDING RATE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY PLANTE & MORAN PLLC. THE FORM 990 IS SENT TO THE WAYNE STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS ONE WEEK PRIOR TO A REGULARLY SCHEDULED BOARD MEETING. THE TREASURER FORMALLY PRESENTS, REVIEWS, AND DISCUSS AT THE MEETING. THIS PROCESS IS COMPLETED BEFORE THE RETURN IS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy MEMBERS OF THE GOVERNING BODY AND ALL COMMITTEE MEMBERS ARE REQUIRED TO ANNUALLY REVIEW AND UPDATE A CONFLICT OF INTEREST STATEMENT IDENTIFYING ANY SITUATION WHERE A POSSIBLE CONFLICT OF INTEREST MAY EXIST BETWEEN THE BOARD OR COMMITTEE MEMBER, OR MEMBERS OF THEIR IMMEDIATE FAMILY, AND A PARTICULAR NONPROFIT AGENCY. ADMINISTRATION REVIEWS ALL CONFLICT OF INTEREST STATEMENTS TO DETERMINE IF ANY ACTUAL CONFLICT OF INTEREST EXISTS. IF A MATTER IS UNDER CONSIDERATION OF THE BOARD OR COMMITTEE IN WHICH THERE IS A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE MEMBER SHALL NOT VOTE OR USE THEIR PERSONAL INFLUENCE ON THE MATTER. Form 990, Part VI, Line 19 Required documents available to the public WAYNE STATE UNIVERSITY FOUNDATION GOVERNING DOCUMENTS AND FINANCIAL INFORMATION ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN PROCESS FROM PRIOR YEAR. WAYNE STATE UNIVERSITY 5700 CASS AVENUE AAB SUITE 4602 DETROIT MI 48202 386028429 PUBLIC HIGHER EDUCATION MI 501(c)(3) 2 NONE false false true true false false false false false false false true true true true true true false true false