Financial reports

The UWL Foundation Annual Report outlines the assets and liabilities for the previous fiscal year (January 1 - December 31). For more information, please contact Finance Director Pam Schomburg at pschomburg@uwlax.edu or 608.785.8037.

Financial report

FINANCIAL REPORT For the 12 months ending December 31, 2018
Statement of Financial Position    
Assets    
  Cash and Cash Investments $4,132,645
  Investments Professionally Managed $23,680,255
  Accounts Receivable $736,130
  Other Gifts Assets $219,415
  Building & Equipment $12,867
     
Total Assets   $28,781,312
     
Liabilities and Net Assets
  Liabilities $70,030
  Total Liabilities $70,030
  Net Assets $28,711,282
Total Liabilities and Net Assets $28,781,312
STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS
Revenue and Support December 31, 2018  
  Contributions and Capital Additions $3,734,059
  Interest and Other Income $1,151,038
Total Revenue and Support   $4,885,097
     
Expenses (Support for the University)  
  Scholarships, Grants and Awards $2,951,583
  Fund Raising Costs $99,753
  Costs of Operations $283,309
Total Expenses   $3,334,645
     
  Net Appreciation (Depreciation) on Investments ($2,085,017)
  Increase/(Decrease) in Net Assets ($534,565)
  Beginning Net Assets $29,245,847
  Ending Net Assets $28,711,282

Breakdown of Expenditures

Percent of each dollar expended for services, fundraising and operations. (12 months ending December 2018)

  • 88.5% - Program services
    Ongoing projects - endowment and restricted scholarships, university and community projects, faculty development grants, public education and other designated gifts. 
  • 3.0% - Fundraising costs
    Expenses for annual fund and phonathon mailings and with alumni and other friends of UW-La Crosse planning special gifts.
  • 8.5% - Cost of operations
    The administration, distribution and evaluation of scholarship and loan applications,  administration of faculty grants, maintenance of on-campus support programs (e.g., publications, receptions, etc.).