WSU Foundation
The Wayne State University Foundation was established by the university’s Board of Governors in 2000 as a centralized means to encourage and manage financial support from private sources. The foundation is a nonprofit 501(c)(3) corporation. Though independent of the university, it partners with the Division of Development and Alumni Affairs in realizing Wayne State’s overall advancement objectives.
The foundation is governed by a board of directors made up of prominent business and community leaders. It is led by a chair chosen from among these individuals and a president who also holds the university title of vice president for development and alumni affairs.
Working together, the Wayne State University Foundation and the Division of Development and Alumni Affairs cultivate private support to advance the university’s mission. Funds raised enable Wayne State to offer undergraduate and graduate student scholarships, endow faculty chairs and professorships, advance academic and scientific programs and research, and enhance the campus infrastructure. During fiscal year 2023, Wayne State University raised more than $103.2 million in new gifts and pledges from more than 18,800 donors.
The Wayne State University Foundation includes an investment committee that assists the board with all investment-related decisions, including oversight of the university’s endowment. As of September 30, 2023, the end of the last reporting period, the endowment totaled $507.7 million. Earned income from the endowment provides funding for donor-identified purposes in perpetuity. Nearly two-thirds of the endowment at Wayne State is designated for student and faculty support.
The generous contributions of individuals, corporations and foundations are an essential supplement to state appropriations, tuition and research-related income. These gifts supply the critical margin that enables Wayne State to excel in its educational mission and to enhance its public service.
See the Wayne State University Foundation Statement of Investment Policy for more information.
Foundation Board of Directors
Quincy Allen/> Managing Partner
Arc Capital Partners LLC
James Anderson Chair, Wayne State University Foundation Board Of Directors
President
Urban Science Applications, Inc.
Eugene Applebaum 1936-2017
In memory of an innovator, leader, advocate and friend

Managing Partner
Arc Capital Partners LLC
Chair, Wayne State University Foundation Board Of Directors
President
Urban Science Applications, Inc.

1936-2017
In memory of an innovator, leader, advocate and friend

President, Wayne State University Alumni Association
Special Education Consultant
Wayne County Regional Education Service Agency (Wayne RESA)

Professor of Law, Wayne Law
President, Wayne State University Academic Senate

President
Wayne State University

Senior Vice President for Finance and Business Affairs, Chief Financial Officer, Treasurer
Treasurer, Wayne State University Foundation
Wayne State University

Chief Risk and Operations Officer
The Kresge Foundation

Retired President, Oncology Systems and Corporate Executive Vice President
Varian Medical Systems

Member
Wayne State University Board of Governors

Retired Partner
Honigman Miller Schwartz and Cohn LLP

President, Wayne State University Foundation Board
Vice President, Development and Alumni Affairs, Wayne State University

Chief Financial Officer
Carhartt Inc.

Retired General Counsel
Rocket Companies

Secretary
Wayne State University Foundation Board of Directors

Senior Managing Director, Siebert, Williams Shank & Co., LLC
and President and CEO, Eminence Partners
Trustees Council

CEO and President, Applebaum Ventures
President, The Eugene and Marcia Applebaum Family Foundation

Managing Director and Portfolio Manager
Ancora
Directors Emeritus

Nurse Educator

Mayor
City of Grosse Pointe Woods

Chairman
Avis Ford, Inc.

Chairman
Ghafari Associates, LLC

Co-founder and Chairman
Emagine Entertainment, Inc.

Member
Bodman PLC

Chairman and Co-founder
MadDog Technology

Retired Vice Chairman and Chief Administrative Officer
DTE Energy Company

Hollywood Executive and Producer

Founder
Lumigen, Inc.

Former U.S. Congressman
7th District of Michigan

Retired President
New York Life Insurance Company

Retired Chairman and CEO
Handleman Company