Liabilities / Assets
4th percentile
Higher debt load relative to assets than 4% of similar nonprofits.
990 • Fiscal year 2021 • EIN 38-3555142
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
4th percentile
Higher debt load relative to assets than 4% of similar nonprofits.
Liabilities / Revenue
6th percentile
Higher debt load relative to revenue than 6% of similar nonprofits.
Net Margin
69th percentile
Higher net margin than 69% of similar nonprofits.
Top Officer Pay
57th percentile
Higher top officer pay than 57% of similar nonprofits.
Top officer pay equals 3.9% of source-year revenue.
Asset Growth
75th percentile
Faster asset growth than 75% of similar nonprofits.
Revenue Growth
25th percentile
Faster revenue growth than 25% of similar nonprofits.
Assets
Up$515,100,298
Up $94,105,992 (+22%) from 2020
Net Assets
Up$514,132,105
Up $93,487,104 (+22%) from 2020
Liabilities
Up$968,193
Up $618,888 (+177%) from 2020
Revenue
Up$23,428,469
Up $316,960 (+1.4%) from 2020
Expenses
Up$19,297,349
Up $499,007 (+2.7%) from 2020
Net Income
Down$4,131,120
Down $182,047 (-4.2%) from 2020
Wayne state university foundation was established to be a centralized means of encouraging and managing financial support to wayne state university. This support allows wayne state university to provide its students, faculty, and scientists with opportunities for learning and discovery that otherwise would not have been financially possible.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $420,645,001 | $514,132,105 | ▲ $93,487,104 |
| Investments in Publicly Traded Securities | $338,915,999 | $400,890,760 | ▲ $61,974,761 |
| Investments Other Securities | $78,317,972 | $113,718,429 | ▲ $35,400,457 |
| Cash and Non-Interest-Bearing Accounts | $3,510,534 | $0 | ▼ $3,510,534 |
| Accounts Receivable | $249,801 | $491,109 | ▲ $241,308 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $420,994,306 | $515,100,298 | ▲ $94,105,992 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $349,305 | $968,193 | ▲ $618,888 |
| Total Liabilities | $349,305 | $968,193 | ▲ $618,888 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $420,645,001 | $514,132,105 | ▲ $93,487,104 |
| Total Liabilities and Net Assets / Fund Balance | $420,994,306 | $515,100,298 | ▲ $94,105,992 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $7,632,309 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2021 | $420,645,001 | $13,282,746 | ▲ $99,501,707 | $1,774,896 | $514,132,105 |
| 2020 | $399,219,670 | $11,126,278 | ▲ $29,097,395 | $1,671,597 | $420,645,001 |
| 2019 | $391,654,353 | $17,513,893 | ▲ $7,998,437 | $1,557,359 | $399,219,670 |
| 2018 | $362,349,500 | $22,697,943 | ▲ $24,213,908 | $1,426,573 | $391,654,353 |
| 2017 | $322,067,271 | $18,927,300 | ▲ $37,627,372 | $1,394,932 | $362,349,500 |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Neco T Walker | Secretary | PT | $111,466 | $111,466 |
| Name | Title |
|---|---|
| Matthew J Simoncini | Chair |
| Marilyn Kelly | Director, Chair Univ. Boar (part Year) |
| Susan E Burns | President |
| M Roy Wilson Md Ms | University President |
| Bryan C Barnhill Iii | Director |
| Cindy Pasky | Director |
| David E Meador | Director |
| David M Hempstead | Director |
| David Salzman | Director |
| Denise J Lewis | Director |
| Elizabeth Goldsberry | Director |
| James a Anderson | Director |
| Joy H Baxt | Director |
| Kolleen T Kennedy | Director |
| Linda Beale | Director |
| Robert Reaves | Director |
| Sandra T Pierce | Director |
| Terri Lynn Land | Director |
| Sandra Hughes Obrien | Director (part Year) |
| Yousif Ghafari | Director (part Year) |
| Marianne Cunningham | Assistant Treasurer |
| Bryan Dadey | Assistant Treasurer (part Year) |
| Rebecca Cooke | Interim Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Strategic Investment Management LLC St | Investment Management Services | 1001 19TH STREET NORTH 16TH FLOOR, Arlington, VA 22209, Ca | $1,403,846 |
| Ss&c | Investment Management Services | - | $113,349 |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $16,005,257 |
| Other Expenses | $3,292,092 |
| Total Fundraising Expense | $1,774,896 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $16,005,257 | - | - | $16,005,257 |
| Other Expenses | - | - | $1,774,896 | $1,774,896 |
| Fees for Service Investment Mgmnt Fees | - | $1,517,196 | - | $1,517,196 |
| Total Functional Expenses | $16,005,257 | $1,517,196 | $1,774,896 | $19,297,349 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Wayne State University | Detroit, MI | Section 115 | Program Support | $16,005,257 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | Investments | - | 0 | 0 | $76,942,273 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“In accordance with wayne state university foundation by-laws in effect for this fiscal year, wayne state university board of governors directly appoints two foundation board of director members, and it indirectly appoints five other board members because the foundation by-laws indicate that certain wayne state university officers would automatically become foundation board members.”
“In accordance with wayne state university foundation by-laws in effect for this fiscal year, wayne state university board of governors approves the foundation endowment fund annual spending rate.”
“The form 990 is prepared by plante & moran pllc. The form 990 is sent electronically to the wayne state university foundation board of directors. The members are asked to review the return and offered an opportunity to comment. Alternatively the treasurer formally presents, reviews, and discusses at a regularly scheduled board meeting when such board meeting occurs during the filing period. With either approach the process is completed before the return is filed with the irs.”
“Members of the governing body and all committee members are required to annually review and update a conflict of interest statement identifying any situation where a possible conflict of interest may exist between the board or committee member, or members of their immediate family, and a particular nonprofit agency. Administration reviews all conflict of interest statements to determine if an actual conflict of interest exists. If a matter is under consideration by the board or committee in which there is a conflict of interest, the board or committee member shall not vote or use their personal influence on the matter.”
“Wayne state university foundation's governing documents and financial information are made available to the general public upon request.”
“There has been no change in process from prior year.”
“The organization's endowment funds are used to provide wayne state university's students, faculty, and scientists with the opportunities for learning and discovery that otherwise would not have been financially possible.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 349305 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 968193 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 249801 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 491109 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | DAVID MASSARON TREASURER WAYNE ST |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3135775580 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5700 CASS AVENUE SUITE 4900 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | DETROIT |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48202 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 3510534 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 1403846 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 113349 |
| IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/AddressLine1Txt | 0 | 1 ROBERT SPECK PARKWAY SUITE 1400 |
| IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CityNm | 0 | MISSISSAUGA |
| IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CountryCd | 0 | CA |
| IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/ForeignPostalCd | 0 | L4Z 3M3 |
| IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/ProvinceOrStateNm | 0 | ONTARIO |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 1001 19TH STREET NORTH 16TH FLOOR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | ARLINGTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 22209 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | STRATEGIC INVESTMENT MANAGEMENT LLC ST |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | SS&C |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | INVESTMENT MANAGEMENT SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | INVESTMENT MANAGEMENT SERVICES |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 13282746 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 16005257 |
| IRS990/CYInvestmentIncomeAmt | 0 | 10145723 |
| IRS990/CYOtherExpensesAmt | 0 | 3292092 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 4131120 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 19297349 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 1774896 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 23428469 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONS AND OBJECTIVES OF WAYNE STATE UNIVERSITY |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 1 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 16005257 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 1517196 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 1517196 |
| IRS990/ForeignActivitiesInd | 0 | 1 |
| IRS990/ForeignCountryCd | 0 | CJ |
| IRS990/ForeignFinancialAccountInd | 0 | 1 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 13 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 14 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 15 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 16 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 17 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 18 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 19 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 20 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 21 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 22 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 23 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 20 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 21 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 22 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 23 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 15 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 16 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 17 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 24630 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 40136 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 222938 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 29316 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 21 | 24475 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 22 | 40070 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 23 | 50775 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRYAN C BARNHILL III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CINDY PASKY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DAVID E MEADOR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DAVID M HEMPSTEAD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DAVID SALZMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DENISE J LEWIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ELIZABETH GOLDSBERRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JAMES A ANDERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | JOY H BAXT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | KOLLEEN T KENNEDY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | LINDA BEALE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | MARILYN KELLY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | MATTHEW J SIMONCINI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | ROBERT REAVES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | SANDRA HUGHES OBRIEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | SANDRA T PIERCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | TERRI LYNN LAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | YOUSIF GHAFARI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | BRYAN DADEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | M ROY WILSON MD MS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | MARIANNE CUNNINGHAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | NECO T WALKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | REBECCA COOKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 23 | SUSAN E BURNS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 184916 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 229642 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 698322 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 219312 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 86991 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 22 | 302177 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 23 | 308253 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR, CHAIR UNIV. BOAR (PART YEAR) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR (PART YEAR) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR (PART YEAR) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | ASSISTANT TREASURER (PART YEAR) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | UNIVERSITY PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | ASSISTANT TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | INTERIM TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2000 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 8259132 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 18 |
| IRS990/GrantAmt | 0 | 16005257 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 16005257 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 16005257 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 126964514 |
| IRS990/GrossReceiptsAmt | 0 | 142133851 |
| IRS990/GroupExemptionNum | 0 | 5224 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 17 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1896253 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1886591 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | -9662 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 78317972 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 113718429 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 338915999 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 400890760 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 118705382 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 420645001 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 514132105 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 8259132 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 8259132 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 89355984 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | REIMBURSEMENTS TO WSU |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 1774896 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1774896 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | DAVID MASSARON |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 11126278 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 15191168 |
| IRS990/PYInvestmentIncomeAmt | 0 | 11985231 |
| IRS990/PYOtherExpensesAmt | 0 | 3607174 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 4313167 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 18798342 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 23111509 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 4131120 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 13282746 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 0 |
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| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 514132105 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd | 0 | X |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES, ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING, DEVELOP ITS INVESTMENT STRATEGY, AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | WAYNE STATE UNIVERSITY IS SUPPORTED BY THE FOUNDATION WITH THE PURPOSE TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF THE UNIVERSITY AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING AND DEVELOP ITS INVESTMENT STRATEGY. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 3 | PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART IV, SECTION D, LINE 3 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.