The Wisconsin Foundation and Alumni Association staff and board of directors strongly believe that expense management is a top priority in achieving good stewardship. Like any charitable organization, WFAA measures its ratio of administrative expenses to contributions to demonstrate that it is stewarding the resources entrusted to it. The figures below show WFAA’s administrative expenses compared to new gifts and pledges for the past four and one-half years. Administrative expenses — excluding investment expenses — are compared to contributions to reflect the cost of raising a dollar. Total administrative expenses include investment expenses incurred by WFAA’s investment activity. These expenses are paid directly from individual investment funds.

Over the period from January 1, 2013, to June 30, 2017, WFAA’s average cost of raising a dollar has been 11 percent, below the national average (which is about 20 percent). This annual report covers the 12-month period from July 1, 2016, to June 30, 2017. Please note that the previous period covered only six months — an adjustment that reflects WFAA’s change of fiscal year.

Wisconsin Foundation and Alumni Association Administrative Expenses

as a percentage of contributions

Administrative Expenses (excluding investment expenses)
Total Contributions
Administrative Expenses
(excluding investment expenses) as a % of Contributions
2016 (6 MONTHS)23,460,452151,643,05615.5%
5-year totals$184,244,751$1,681,036,93111.0%