2020 Annual Report

Statement of Activities

REVENUE, GAINS, ANDOTHER SUPPORT

2020 (7/19–6/20)

341,625,459 148,530,807 2019 (7/18–6/19)

Contributions

304,160,374

Investment return, net of fees

63,923,526

Other income

5,504,482

5,447,052

In a year affected by the pandemic, WFAA saw a smaller total in contributions and lower investment return than in the previous year. However, WFAA’s net asset balance still increased by more than $81 million, improving the Foundation’s net assets to a value greater than $4 billion for the first time in its history.

TOTAL REVENUES, GAINS, AND OTHER SUPPORT

$373,588,382

$495,603,318

EXPENSES

2020 (7/19–6/20)

2019 (7/18–6/19)

Payments to or for UW–Madison

243,943,131

275,391,164

Administrative expenses TOTAL EXPENSES

48,107,246

44,265,598

$292,050,377

$319,656,762

NET ASSETS

2020 (7/19–6/20)

2019 (7/18–6/19)

Increase in net assets

81,538,005

175,946,556

Net assets at beginning of year

3,941,126,021

3,765,179,465

NET ASSETS AT END OF YEAR

$4,022,664,026

$3,941,126,021