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FORM 990 - ORGANIZATION'S MISSION | MISSION STATEMENT (ADOPTED 2018) THE MISSION OF THE WESTERN MICHIGAN UNIVERSITY FOUNDATION IS TO PROMOTE AND SUPPORT WESTERN MICHIGAN UNIVERSITY SO THAT IT CAN EFFECTIVELY CARRY OUT ITS MISSION OF TEACHING, RESEARCH AND SERVICE. THE FOUNDATION ACCOMPLISHES ITS MISSION BY MAINTAINING AND ENLARGING AN ENDOWMENT FUND, THE INCOME FROM WHICH PROVIDES SUPPLEMENTAL FINANCIAL ASSISTANCE FOR CURRENT DEMANDS. THE FOUNDATION ALSO FULFILLS ITS MISSION THROUGH: COST-EFFECTIVE FUND-RAISING PROGRAMS, CONDUCTED BY THE DEVELOPMENT OFFICE, WHICH SEEK PARTICIPATION FROM A VARIETY OF WESTERN MICHIGAN UNIVERSITY CONSTITUENTS; PRUDENT AND RESPONSIBLE ADMINISTRATION OF THE ASSETS ENTRUSTED TO IT BY ITS MANY CONSTITUENTS; AND EFFECTIVE DISTRIBUTION OF ITS RESOURCES TO AREAS OF PRIORITY WITHIN WESTERN MICHIGAN THE WMU FOUNDATION IS ADMINISTERED BY THE EXECUTIVE DIRECTOR/SECRETARY, WHO ALSO SERVES AS THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, AND A VOLUNTEER BOARD OF DIRECTORS, WHO OVERSEE HOW FUNDS CAN BEST BE USED TO ADDRESS THE MOST URGENT CAMPUS PRIORITIES. HOW FUNDS ARE ALLOCATED IS DICTATED BY THE GOVERNING DOCUMENTS FOR TRUE ENDOWMENTS AND/OR DEPARTMENTS OWNING THE ENDOWMENT. |
FORM 990, PAGE 6, PART VI, LINE 7A | WESTERN MICHIGAN UNIVERSITY HAS THE AUTHORITY TO DESIGNATE FOUR DIRECTORS. |
FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 IS PROVIDED TO THE OFFICERS AND DIRECTORS FOR REVIEW PRIOR TO FILING THE RETURN. |
FORM 990, PAGE 6, PART VI, LINE 12C | CONFLICTS ARE DISCLOSED TO THE BOARD AND THE CONFLICTED MEMBER MAY BE ASKED TO LEAVE THE ROOM DURING DISCUSSIONS AND MAY NOT BE ALLOWED TO VOTE. |
FORM 990, PAGE 6, PART VI, LINE 19 | THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
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