What is the structure of the Foundation?

The Foundation is a private foundation. It is a non-stock, not-for-profit entity and is incorporated under Chapter 181 of the laws of the State of Wisconsin. It is also registered as a § 501c3 not-for-profit corporation within the meaning and provisions of the Internal Revenue Code of the United States. The legal name is University of Wisconsin – Superior Foundation, Inc. and its office is located on the UW-Superior campus in Superior, Wisconsin.

The Foundation’s annual meeting is held in September or October in Superior, Wisconsin. The Board of Directors also meets two or three other times during each year.

The Foundation has three categories of Directors: (1) Voting Director; (2) ex officio Director; and (3) Emeritus Director. Ex officio and Emeritus Directors are not eligible to vote on matters that come before the Board.

The Voting Directors (not less than ten and no more than thirty) control and manage the affairs and business of the Foundation. Directors may reside at any location. A Voting Director’s term of office is three years. Upon the recommendation of the Governance Committee, the Board may elect a Voting Director for three consecutive terms.

The Chancellor of the University of Wisconsin-Superior and the Vice Chancellor for University Advancement may be non-voting ex officio Board members. An Emeritus Director is a distinguished former Voting Director.

The Foundation officers, who are elected from the Voting Directors, are the President, Vice President, Treasurer and Secretary. The immediate Past President also serves as an Officer. The UW-Superior Vice Chancellor for University Advancement may serve as the Executive Director of the Foundation and as the liaison between the Foundation and the university.

The Foundation has three standing committees: (1) Advancement (plans approaches to solicit/acquire contributions and steward donors); (2) Governance (makes recommendations for the Foundation’s corporate governance): and (3) Finance (informs and advises the Board of Directors on financial matters.)