2026-04-16T13:38:39-05:00 2025-06-30 911194016 CLARK NUBER PS 555 110TH AVE NE SUITE 700 BELLEVUE WA 98004 990 2024-07-01 916073519 FOUNDATION FOR WESTERN WASHINGTON UNIVERSITY AND ALUMNI FOUN 3606504283 OLD MAIN 430 516 HIGH STREET BELLINGHAM WA 98225 MARK BROVAK VICE PRESIDENT & CFO 3606504283 2026-03-27 1 1 CAROLYN B FJELSTAD P02161439 4254544919 2026-03-27 2024 2025-03-06 01:10:19Z KIM HILL OLD MAIN 430 516 HIGH STREET BELLINGHAM WA 98225 101265450 0 X WWW.FOUNDATION.WWU.EDU X 1966 WA THE FOUNDATION FOR WESTERN WASHINGTON UNIVERSITY AND ALUMNI IS A NON-PROFIT, PUBLIC 501(C)(3) CORPORATION THAT EXISTS TO ENCOURAGE, SECURE AND STEWARD PRIVATE FINANCIAL RESOURCES THAT SUPPORT THE ACADEMIC MISSION OF WESTERN WASHINGTON UNIVERSITY. 25 25 0 25 0 0 12397165 9300079 2155817 2094102 660479 593151 59470 79104 15272931 12066436 6705508 16393671 0 0 1714896 2067593 398772 444730 1576390 5935726 6907034 14754902 25813028 518029 -13746592 182826889 187907508 17042670 18983156 165784219 168924352 X THE FOUNDATION FOR WESTERN WASHINGTON UNIVERSITY AND ALUMNI IS A NON-PROFIT, PUBLIC 501(C)(3) ORGANIZATION THAT ADVANCES THE MISSION OF THE UNIVERSITY: "BY INSPIRING OUR COMMUNITY TO GIVE, WE SECURE AND STEWARD PRIVATE RESOURCES TO ADVANCE SCHOLARSHIP, RESEARCH AND CREATIVITY."THE FOUNDATION WAS ESTABLISHED IN 1966 AS A VEHICLE TO RECEIVE AND ENCOURAGE PRIVATE GIVING TO WWU. THE FOUNDATION IS LED BY A GROUP OF DEDICATED BOARD MEMBERS WHO GROW AWARENESS OF THE IMPORTANCE OF PRIVATE SUPPORT TO PUBLIC INSTITUTIONS. THESE ALUMNI, PARENT AND COMMUNITY LEADERS BRING THEIR EXPERIENCES IN BUSINESS, EDUCATION, SCIENCE, AND NON-PROFITS AND SHARE THE COMMON MISSION OF ENGAGING NEW FRIENDS FOR WESTERN WHILE ALSO STEWARDING THE MORE THAN $175 MILLION IN ASSETS UNDER THE FOUNDATION'S MANAGEMENT. GIFTS FUND STUDENT SCHOLARSHIPS, AS WELL AS PROGRAM AND FACULTY MEMBER SUPPORT. 0 0 5151763 5151763 HIGHER EDUCATION: 2,387 SCHOLARSHIPS AWARDED TO INDIVIDUAL STUDENTS. 17567716 11108358 2094102 HIGHER EDUCATION: PROVIDE OTHER PROGRAM SERVICES TO WESTERN WASHINGTON UNIVERSITY TO INCLUDE EQUIPMENT PURCHASES, FACULTY AND STUDENT TRAVEL, CONFERENCES, HONORARIA, SUPPLIES, AND OTHER. 133550 133550 HIGHER EDUCATION: GRANT GIFTS OF IN-KIND PROPERTY RECEIVED FOR WESTERN WASHINGTON UNIVERSITY TO INCLUDE COMPUTER HARDWARE AND SOFTWARE, TECHNICAL EQUIPMENT, ART COLLECTIONS AND GALLERY, LIBRARY ADDITIONS AND OTHER. 22853029 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 73 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WA X MARK BROVAK 3606504283 516 HIGH STREET MS 9034 BELLINGHAM WA 98225 SCOT STUDEBAKER BOARD CHAIR & VICE CHAIR 4.00 0.00 X X 0 0 0 SYDNEY HUNSDALE PAST CHAIR 4.00 0.00 X X 0 0 0 ANDREA STURM PAST CHAIR 4.00 0.00 X X 0 0 0 TONY GEORGE SECRETARY 4.00 0.00 X X 0 0 0 COLETTE TAYLOR TREASURER 4.00 0.00 X X 0 0 0 MICHAEL BAYLESS BOARD MEMBER 2.00 0.00 X 0 0 0 NABEEL CHOWDHURY BOARD MEMBER 1.00 0.00 X 0 0 0 EDWARD COE BOARD MEMBER 2.00 0.00 X 0 0 0 BRANDY CORUJO BOARD MEMBER 2.00 0.00 X 0 0 0 CAROL FRANCISCO BOARD MEMBER 2.00 0.00 X 0 0 0 HAMRAJ GHUMMAN FINANCE CHAIR 2.00 0.00 X 0 0 0 GREG GRANT STRATEGIC INITIATIVE CHAIR 2.00 0.00 X 0 0 0 CHRISTY JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 BRETT JORDAN BOARD MEMBER 2.00 0.00 X 0 0 0 JENNIFER KUTCHER PHILANTHROPY CHAIR 2.00 0.00 X 0 0 0 MASON LUVERA ENGAGEMENT CHAIR 2.00 0.00 X 0 0 0 WARREN MICHELSEN BOARD MEMBER 1.00 0.00 X 0 0 0 JODY MULL PUBLIC ADVOCACY CHAIR 2.00 0.00 X 0 0 0 PAULA RADLOFF BOARD MEMBER 2.00 0.00 X 0 0 0 TASHA REPP BOARD MEMBER 2.00 0.00 X 0 0 0 VINI SAMUEL BOARD MEMBER 2.00 0.00 X 0 0 0 INGRID SARAPUU BOARD MEMBER 2.00 0.00 X 0 0 0 BRINTON SCOTT BOARD MEMBER 2.00 0.00 X 0 0 0 BART SHILVOCK BOARD MEMBER 2.00 0.00 X 0 0 0 JANIS VELASQUEZ-FARMER ADEI CHAIR 2.00 0.00 X 0 0 0 MARK REIS BOARD MEMBER THRU 08/24 2.00 0.00 X 0 0 0 KIM HILL PRESIDENT & CEO 20.00 0.00 X 306957 0 49940 MARK BROVAK VICE PRESIDENT & CFO 20.00 0.00 X 192643 0 46439 MANDY HANOUSEK ASST. VP ADVANCEMENT SERIES 30.00 0.00 X 165307 0 13595 MARK BAGLEY ASST. VP GIFTS, DONOR RELATIONS 30.00 0.00 X 180372 0 18475 KERRY GODES ASSOC. VP DEVELOPMENT 30.00 0.00 X 213550 0 31258 MATTHEW HAMMATT SR. DIRECTOR OF PLANNED GIVING 30.00 0.00 X 125973 0 19214 BARBARA FOLGER DIRECTOR OF DATA OPERATIONS 30.00 0.00 X 105536 0 21498 1290338 0 200419 8 0 1 1 RUSSELL INVESTMENTS 1301 SECOND AVE 18TH FLOOR SEATTLE WA 98101 INVESTMENT MANAGEMENT FEES 708957 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 CONSULTANT 335900 BENTZ WHALEY FLESSNER & ASSOC 7900 XERXES AVE S STE 980 MINNEAPOLIS MN 55431 CONSULTANT 245709 EAB GLOBAL INC 2445 M ST NW WASHINGTON DC 20037 CONSULTANT 142728 4 114008 9186071 344600 9300079 ENDOWMENT MGMT FEES 561000 1961281 1961281 UNIV. SUPPORTED EVENTS 561000 128121 128121 ALUMNI EVENTS 561000 4700 4700 2094102 391787 391787 1000 1000 71945 41534 30411 30411 30411 89311150 89109786 201364 201364 201364 95387 47694 47693 47693 12066436 2094102 0 672255 11241908 11241908 5151763 5151763 2067593 1387091 680502 40566 39961 605 67205 3520 63685 444730 444730 679674 679674 641062 326998 85097 228967 111581 32561 77110 1910 628616 560313 46340 21963 500 500 48400 37225 11175 1208213 1029284 81530 97399 240053 126959 91053 22041 13248 13248 19839 19839 ADMINISTRATIVE EXPENSES 1732378 1732378 EQUIPMENT 482595 480945 1315 335 GOODS AND SERVICES 330645 309321 21324 EVENT EXPENSES 287520 184311 58656 44553 374939 234704 118025 22210 25813028 22853029 1383609 1576390 6067835 1404051 28554 48189 6595349 6744083 20351 0 7565805 164284 6881211 7401521 151250878 157884359 11567424 14425305 415287 0 182826889 187907508 292679 504434 972000 0 135720 120640 15090614 15933615 551657 2424467 17042670 18983156 X 38183565 42911532 127600654 126012820 165784219 168924352 182826889 187907508 -13746592 16886725 0 X 0 1 X 1 0 X 7653829 11046507 22781724 12397165 9300079 63179304 3448275 3605204 3525829 4440658 4595494 19615460 11102104 14651711 26307553 16837823 13895573 82794764 13800425 68994339 145999 176436 312985 501775 464732 1601927 9232 47693 56925 1356 15326 25451 42133 84495749 9368859 0.81650 0.83770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 1,356. 2023 AMOUNT: $ 391. REIMBURSEMENTS - 2022 AMOUNT: $ 15,326. 2023 AMOUNT: $ 25,060. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 110894542 3983844 13587434 6297291 122168529 100980470 5168214 10263964 5518106 110894542 81949557 14325724 8448762 3743573 100980470 96266702 1979473 -11481657 4814961 81949557 76684444 2983930 22990232 6391904 96266702 0.18220 0.81780 0.00000 0 0 5399115 163758 5562873 1600000 397442 162288 1835154 5490 1996 3494 7401521 PRIVATE EQUITIES 13824976 F ANNUITY AND LIFE INCOME INVESTMENTS 600329 F 14425305 ANNUITY AND LIFE INCOME OBLIGATIONS 254300 DUE TO WESTERN WASHINGTON UNIVERSITY 2170167 2424467 33144635 16886725 4601532 187240 21675497 11469138 686526 -89228 597298 12066436 30004502 4601532 89228 4690760 25313742 686526 -187240 499286 25813028 PART IV, LINE 2B: THE FOUNDATION SERVES AS AN AGENT OF THE WESTERN WASHINGTON UNIVERSITY TO INVEST AND MANAGE THE FUND'S ASSETS. THESE ASSETS HAVE BEEN MERGED WITH THE ENDOWMENT INVESTMENTS OF THE FOUNDATION TO FORM A SINGLE INVESTMENT POOL FOR ENDOWMENTS. THE UNIVERSITY'S FUNDS ARE MAINTAINED SEPARATELY ON THE FINANCIAL SYSTEM OF THE FOUNDATION AND THEY RECEIVE A PROPORTIONAL SHARE OF THE INVESTMENT POOL'S ACTIVITY. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT INDIVIDUAL SCHOLARSHIPS FOR STUDENTS TO USE FOR EDUCATIONAL RELATED EXPENSES. PROGRAM ENDOWMENTS ARE USED TO PURCHASE EQUIPMENT, PROVIDE FACULTY AND STUDENT TRAVEL SUPPORT TO CONFERENCES OR RESEARCH VENUES, HONORARIA FOR LECTURES, PURCHASES OF SUPPLIES AND OTHER PURCHASES THAT SUPPORT EDUCATION ADVANCEMENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADVANCEMENT FEE REPORTED NET ON PART IX 187,240. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET ON PART VIII -41,534. COST OF GOODS SOLD REPORTED NET ON PART VIII -47,694. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET ON PART VIII 41,534. COST OF GOODS SOLD REPORTED NET ON PART VIII 47,694. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADVANCEMENT FEE REPORTED NET ON PART IX -187,240. PART V, LINE 2: THE ORGANIZATION FOLLOWS FASB ASC 958 FOR THE REPORTING OF ITS ENDOWMENT FUNDS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 486626 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TRANSLATION SERVICES AND GLOBAL ENGAGEMENT MEETINGS 3678 EUROPE 0 0 PROGRAM SERVICES CONTRACTS 5800 NORTH AMERICA 0 0 PROGRAM SERVICES CONTRACTS AND ANALYSIS SERVICES 4750 0 0 0 0 0 0 500854 0 500854 1 0 1 1 0 0 PART I, LINE 3: THE FAIR MARKET VALUE OF THE INVESTMENTS WAS USED AS THE VALUE. CERTAIN FOREIGN FILINGS THE FOUNDATION INVESTED IN FOREIGN INVESTMENTS DURING THE YEAR. HOWEVER, THE INVESTMENTS DID NOT MEET THE REQUIREMENTS FOR FILING FORMS 5471 OR 8621. X X X X X X 1 BENTZ WHALEY FLESSNER & ASSOC 7900 XERXES AVE S SUITE 980 MINNEAPOLIS MN 55431 CAMPAIGN CONSULTANT 0 0 245709 -245709 EAB GLOBAL INC 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28262 ANNUAL GIVING CONSULTANT 0 0 142728 -142728 COPPER REEF ENTERPRISES 6965 EL CAMINO REAL STE 105-488 CARLSBAD CA 92009 FUNDRAISING CONSULTANT 0 0 56293 -56293 444730 -444730 WA AZ DE DC ID IN IA KS ME MT NE NH NM NY SD TN VT WI WY 1 WESTERN WASHINGTON UNIVERSITY 516 HIGH STREET BELLINGHAM WA 98225 916000562 170(C)(1) 11108358 133550 FAIR MARKET VALUE VARIOUS ITEMS AS DETAILED ON SCHEDULE M ALL GRANTS ARE MADE TO SUPPORT THE MISSION OF WESTERN WASHINGTON UNIVERSITY. 1 0 SCHOLARSHIPS 2387 5151763 BOOK SCHOLARSHIPS FOR STUDENTS OF WESTERN WASHINGTON UNIVERSITY. PART I, LINE 2: ALL GRANTS ARE MADE TO WESTERN WASHINGTON UNIVERSITY IN ACCORDANCE WITH THE FOUNDATION'S MISSION. THE FOUNDATION WORKS CLOSELY WITH THE UNIVERSITY TO ENSURE FUNDS ARE EXPENDED FOR THE PURPOSE INTENDED, USUALLY SPECIFIED BY THE DONOR. 0 0 0 0 0 0 0 0 0 KIM HILL PRESIDENT & CEO 306957 0 0 0 0 0 31354 0 18586 0 356897 0 0 0 KERRY GODES ASSOC. VP DEVELOPMENT 213550 0 0 0 0 0 21697 0 9561 0 244808 0 0 0 MARK BROVAK VICE PRESIDENT & CFO 192643 0 0 0 0 0 19505 0 26934 0 239082 0 0 0 MARK BAGLEY ASST. VP GIFTS, DONOR RELATIONS 180372 0 0 0 0 0 17888 0 587 0 198847 0 0 0 MANDY HANOUSEK ASST. VP ADVANCEMENT SERIES 165307 0 0 0 0 0 12421 0 1174 0 178902 0 0 0 SCHEDULE J, PART II, COMPENSATION: COMPENSATION IS DETERMINED AND PAID BY WESTERN WASHINGTON UNIVERSITY, AN UNRELATED ORGANIZATION. X 21583 FAIR MARKET VALUE X 12609 FAIR MARKET VALUE X 9 9000 FAIR MARKET VALUE X 12 211048 FAIR MARKET VALUE X 2 3678 FAIR MARKET VALUE X 5000 62632 COST X EQUIPMENT 98 14214 FAIR MARKET VALUE X INSTRUMENTS 5 4999 FAIR MARKET VALUE X AUCTION ITEMS 115 4837 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 6: VOLUNTEERS CONSIST OF UNCOMPENSATED MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART V, LINE 2A: ALL EMPLOYEES ARE PAID BY WESTERN WASHINGTON UNIVERSITY, AN UNRELATED ORGANIZATION. THE UNIVERSITY REVIEWS AND DETERMINES COMPENSATION FOR ALL EMPLOYEES OF THE FOUNDATION. THEREFORE, THERE ARE NO EMPLOYEES REPORTED BY THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY OUTSIDE TAX COUNSEL. ONCE COMPLETED THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT AND FINANCE COMMITTEE. A FINAL COPY OF THE FORM 990 IS PROVIDED TO THE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, AND KEY VOLUNTEERS ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. ANY CONFLICTS ARE REVIEWED BY THE PRESIDENT & CEO WHO THEN DETERMINES WHETHER A CONFLICT EXISTS. IF NECESSARY, THE BOARD EXECUTIVE COMMITTEE WILL FOLLOW-UP TO ENSURE THAT ALL MEMBERS COMPLETE THE DISCLOSURE FORM. IF A CONFLICT DOES EXIST, THE BOARD MEMBER WILL RECUSE HIM OR HERSELF FROM VOTING AND DISCUSSION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT PAY COMPENSATION. HOWEVER, THERE IS COMPENSATION REPORTED FROM AN UNRELATED ORGANIZATION IN PART VII; WHICH IS DETERMINED AND REVIEWED BY WESTERN WASHINGTON UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, KEY POLICY DOCUMENTS, FORM 990, AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CHARITABLE UNITRUST(5) INVESTMENTS WA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0