The Wisconsin Alumni Research Foundation granted $73 million to UW-Madison and affiliated organizations, according to a Tuesday UW-Madison press release.
Of that grant, $59 million was directed toward the 2014-’15 fiscal year. WARF is a non-profit organization that helps fund research and investment opportunities at UW-Madison, according to the release.
WARF Managing Director Carl Gulbrandsen said in the release the organization exists to benefit UW-Madison.
“We support campus competitiveness through our investments of time, expertise and funds, Gulbrandsen said in the release. “The annual grants are one way we’re proud to show our commitment.”
The grant funds the Morgridge Institute for Research, the Fall Research Competition, faculty recruitment and retention and graduate fellowships.
UW-Madison Chancellor Rebecca Blank said in the release that WARF funding allows the university to engage in research which it otherwise would not.
“WARF's continuing investment is critical to our success as a research institution,” Blank said in the release. “WARF's many contributions help us maintain our excellence.”
