THE MEDICAL COLLEGE OF WISCONSIN INC

MILWAUKEE, WI, 53226-3548 (414) 955-8665 Est. 1918 EIN 39-0806261
B430— Education Form 990 501(c)(3)
www.mcw.edu

Mission

THE MEDICAL COLLEGE OF WISCONSIN (MCW) IS A DISTINGUISHED LEADER AND INNOVATOR IN THE EDUCATION AND DEVELOPMENT OF THE NEXT GENERATION OF PHYSICIANS, (CONTINUED IN SCHEDULE O)

Giving Portfolio

Total Grants
1,016
Total Giving
$233.4M
Recipients
992
Years Active
2017 - 2023
Avg grant: $230,097 Median: $85,605

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
2023205$46.4M $226K36166
2022192$43.3M $225K39151
2021155$40.5M $261K19133
2020163$39.1M $240K31131
2019146$34.4M $236K44101
2017155$29.7M $192K1410

Sectors Funded

Education
190
Health Care
184
Human Services
59
Medical Research
53
Diseases & Disorders
29
Mental Health & Crisis Intervention
19
Food, Agriculture & Nutrition
12
Employment
11
and 12 more sectors

Top States

Wisconsin
435
California
70
Illinois
50
Ohio
37
Texas
35
New York
34
Massachusetts
33
Pennsylvania
24
and 35 more states

Grantee Size Profile

Over $50M
349
$1M - $5M
107
$10M - $50M
82
$500K - $1M
33
$5M - $10M
28
$100K - $500K
26

Top Grantees

$60.2M
EMMES CORPORATION THE
MD - 5 grants
$18.9M
UNIVERSITY OF WISCONSIN MADISON
WI - 7 grants
$10.8M
$8.4M
WI - 7 grants
$4.3M
UNIVERSITY OF IOWA
IA - 6 grants
$3.6M
EMMES CORPORATION
MD
$3.4M
UNIVERSITY OF CALIFORNIA DAVIS
CA - 6 grants
$2.9M
and 15 more grantees

Grants Awarded · 729 grants

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Financials

Total Revenue
$1,607,441,142
Total Expenses
$1,584,630,058
Net Assets
$2,456,863,549
8,103 employees 26 volunteers
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
18.6 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 8.2%
Expenses ↑ 8.5%
Revenue Sources
Contributions 13.8% Earned revenue 81.2% Investment 4.8%
Expense Breakdown
Program 91.7% Management 7.9% Fundraising 0.4%

Officers & Trustees (59)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2023 Form 990$1,607,441,142 $1,584,630,058$2,456,863,549
2022 Form 990$1,485,866,745 $1,459,941,335$2,205,784,204
2021 Form 990$1,613,951,767 $1,375,096,323$2,011,631,913
2020 Form 990$1,363,134,190 $1,287,814,092$2,341,803,071
2019 Form 990$1,286,151,484 $1,217,951,862$1,804,859,631
2017 Form 990$1,216,120,532 $1,116,060,114$1,767,691,614

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EIN: 39-0806261 · Source: IRS Form 990 e-file data