Washington State University Foundation
Washington State University Foundation reported $125.2 million in revenue and $113.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.02 went to program services, $17.86 to management and general costs and $7.12 to fundraising. Its largest source of revenue was contributions and grants: 66.3% of the total. The highest compensation it reported for one person was $485,722 (Vice President, Chief Executive Officer). 25 people received more than $100,000 in reportable compensation. Revenue rose 42% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $114MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $125MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 66.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 13.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $485,722 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 25 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 87.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 26 of 26 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseGeneral Program Support: The Foundation does not directly provide the program service. However, contributions received for this purpose were distributed to the University for use in accordance with donor agreements. These contributions earmarked funds for general and administrative expenses, entrepreneurial activities, and other departmental and university wide programs
Scholarships & Fellowships: The Foundation does not directly award scholarships and fellowships. However, contributions for these purposes were distributed to the University for use in accordance with donor agreements. Student financial aid was received for loans, graduate fellowships, general scholarships and scholarships with specific criteria, such as merit, need, and multiculturalism
Facilities Operation and Maintenance: The Foundation does not directly provide facility and maintenance program services. However, contributions received for this purpose are distributed to the University for use in accordance with the donor agreements. Contributions were received for the purchase and maintenance of buildings and equipment
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| Vice President, Chief Executive Officer Officer, 39.8 hrs/week | $431,534 | $0 | $54,188 | $485,722 |
| Senior Associate Vice President & COO Officer, 40 hrs/week | $329,304 | $0 | $47,163 | $376,467 |
| Associate Vice President Officer, 40 hrs/week | $247,456 | $0 | $32,628 | $280,084 |
| Associate Vice President Officer, 40 hrs/week | $232,997 | $0 | $36,891 | $269,888 |
| General Counsel Officer, 40 hrs/week | $231,998 | $0 | $37,660 | $269,658 |
| Associate Vice President Officer, 20 hrs/week | $18,587 | $202,270 | $36,245 | $257,102 |
| Associate Vice President Highest compensated employee, 40 hrs/week | $214,529 | $0 | $30,127 | $244,656 |
| Associate Vice President Highest compensated employee, 20 hrs/week | $42,837 | $151,877 | $33,732 | $228,446 |
25 people received more than $100,000 in reportable compensation from Washington State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b26 · 26 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 5106
- Volunteers Part I, line 6128
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Ellucian Consulting | $428,477 |
| Ruffalo Noel Levitz Fundraising | $388,531 |
| OneSource Strategy Consulting | $322,162 |
| Mercer Investment management | $286,839 |
| Foster Avenue Inc Consulting | $284,304 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Private foundation grants it received
48 private foundations reported grants to Washington State University Foundation totaling $3.0M 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 Washington State University 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 Washington State University Foundation, you can publish a response that is linked from this page.
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Of every $100 Washington State University Foundation spent in FY2025, $75.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Alfred UniversityAlfred, NY · revenue $125M · programs 88.4% · FY2025
- Charleston Southern UniversityCharleston, SC · revenue $125M · programs 91.6% · FY2025
- William Carey UniversityHattiesburg, MS · revenue $125M · programs 87.6% · FY2025
- Lakeside SchoolSeattle, WA · revenue $125M · programs 82.4% · FY2025
- Grove City CollegeGrove City, PA · revenue $125M · programs 80.2% · FY2025
Questions people ask
How much of Washington State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Washington State University Foundation reported that 75.0% of its $113.7 million in expenses went to program services, 17.9% to management and general and 7.1% to fundraising (Form 990, Part IX).
How much does Washington State University Foundation pay its top executive?
The largest total compensation Washington State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $485,722, for the role of Vice President, Chief Executive Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Washington State University Foundation get its money?
Of $125.2 million in revenue in the fiscal year ending June 30, 2025, 66.3% came from contributions and grants and 13.1% from program service revenue (Form 990, Part VIII).
Is Washington State University Foundation a registered charity?
The IRS lists EIN 91-1075542 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611199349302061 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521149349301997 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421099349300422 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301049349300530 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202310549349300246 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111059349301001 · read the filing
All filings for EIN 91-1075542: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.