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Greater Milwaukee Foundation
Greater Milwaukee Foundation reported $85.2 million in revenue and $85.5 million in expenses for calendar year 2024. Of every $100 it spent, $86.13 went to program services, $10.05 to management and general costs and $3.82 to fundraising. Its largest source of revenue was investment income: 50.4% of the total. The highest compensation it reported for one person was $342,082 (PRESIDENT ( END 8/24)). 11 people received more than $100,000 in reportable compensation. Revenue fell 17% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $86MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $85MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.1% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.1% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.8% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 48.8% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $342,082 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.40% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 11 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 146.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseInspiring philanthropy, serving donors, strenghthening communities, now and for future generations.for over 100 years, the Greater Milwaukee Foundation has helped individuals and families committed to philanthropy leave a legacy, and build a stronger and more vibrant community - now and for future generations. Thanks to the generous, ongoing investments our donorsmake, we as a community foundation are able to strongly influence and impact our region through our discretionary grantmaking
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT ( END 8/24) Officer, 32.00 hrs/week | $280,968 | $0 | $61,114 | $342,082 |
| EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $227,063 | $0 | $47,479 | $274,542 |
| VP DEV/PHIL SERVICES/SECRETARY Officer, 40.00 hrs/week | $190,603 | $0 | $37,143 | $227,746 |
| PRESIDENT (START 8/24) Officer, 32.00 hrs/week | $223,168 | $0 | $0 | $223,168 |
| SECRETARY/TREASURER (END 8/24) Officer, 32.00 hrs/week | $176,226 | $0 | $23,523 | $199,749 |
| CHIEF DEI & ORG LEARNING OFFICER Highest compensated employee, 40.00 hrs/week | $156,640 | $0 | $31,820 | $188,460 |
| VP MARKETING Highest compensated employee, 40.00 hrs/week | $140,699 | $0 | $40,847 | $181,546 |
| VP OF HR Highest compensated employee, 40.00 hrs/week | $149,799 | $0 | $29,237 | $179,036 |
11 people received more than $100,000 in reportable compensation from Greater Milwaukee Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 566
- Volunteers Part I, line 647
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CREWCIAL PARTNERS LLC Investment consulting | $458,149 |
| EMPOWER HR LLC Project management | $240,969 |
| EMG ADVISORS LLC Executive consulting | $120,000 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
16 private foundations reported grants to Greater Milwaukee Foundation totaling $5.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Greater Milwaukee Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Greater Milwaukee Foundation, you can publish a response that is linked from this page.
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Of every $100 Greater Milwaukee Foundation spent in 2024, $86.13 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Grateful Lives FoundationWilmington, DE · revenue $85M · programs 97.6% · 2024
- Gary Sinise FoundationFranklin, TN · revenue $86M · programs 89.4% · FY2025
- Dallas Center for the Performing Arts FoundationDallas, TX · revenue $84M · programs 82.4% · FY2025
- Knights of Columbus Charitable FundNew Haven, CT · revenue $86M · programs 99.4% · 2024
- United Jewish FoundationBloomfield Hills, MI · revenue $83M · programs 86.2% · FY2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in Wisconsin
Questions people ask
How much of Greater Milwaukee Foundation's spending goes to programs?
In calendar year 2024, Greater Milwaukee Foundation reported that 86.1% of its $85.5 million in expenses went to program services, 10.1% to management and general and 3.8% to fundraising (Form 990, Part IX).
How much does Greater Milwaukee Foundation pay its top executive?
The largest total compensation Greater Milwaukee Foundation reported for one person in calendar year 2024 was $342,082, for the role of PRESIDENT ( END 8/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Greater Milwaukee Foundation get its money?
Of $85.2 million in revenue in calendar year 2024, 48.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Greater Milwaukee Foundation a registered charity?
The IRS lists EIN 39-6036407 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503189349313875 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423189349305312 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313179349308301 · read the filing
- 2021: Form 990 for calendar year 2021 (amended), object 202203189349316290 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123169349305457 · read the filing
All filings for EIN 39-6036407: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.