WISCONSIN ALUMNI RESEARCH FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$3,432,336,917
Investments
99%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Cash & Equivalents
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$1,037,494,554
Grants Payable
77%
Notes Payable / Debt (Non-Related)
22%
Payables & Accruals
1%
Other Liabilities
<1%
Deferred Revenue
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$11,032,246
$8,552,248
-22%
Receivables (Non-Related)
$8,250,999
$2,727,265
-67%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$126,912
$347,637
+174%
Investments
$3,184,712,913
$3,395,212,022
+7%
Property, Plant, & Equipment (net)
$106,767,078
$12,677,807
-88%
Other Assets
$279,327
$12,819,938
+4490%
Total Assets
$3,311,169,475
$3,432,336,917
+4%
Liabilities
2024
2025
Change
Payables & Accruals
$15,496,770
$13,912,719
-10%
Grants Payable
$726,198,506
$798,454,115
+10%
Deferred Revenue
$28,162
$133,759
+375%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$223,759,602
$223,808,727
+0%
Related-Party Payables
-
-
-
Other Liabilities
$3,371,080
$1,185,234
-65%
Total Liabilities
$968,854,120
$1,037,494,554
+7%
Net assets
2024
2025
Change
Restricted Net Assets
$50,269,368
$50,774,588
+1%
Unrestricted Net Assets
$2,292,045,987
$2,344,067,775
+2%
Net assets
2024
2025
Change
Net assets
+$2,342,315,355
+$2,394,842,363
+2%
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