The Wayland E Noland Foundation
EIN 260638552 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2020, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $391,548. This amount represents 25% or more of the Foundation's net assets of $952,482 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2020. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $35K | $930K | $109K | 1 |
| 2017 | $44K | $990K | $61K | 2 |
| 2018 | $31K | $791K | $91K | 2 |
| 2020 | $425K | $358K | $-111K | 1 |
| 2021 | $32K | $501K | $108K | 1 |
| 2022 | N/A | $1.8M | $1.4M | N/A |
| 2023 | N/A | $24.0M | $12.8M | N/A |
| 2024 | $236K | $26.3M | $1.5M | 4 |
Grant Size Distribution
Based on 11 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (11 total)
| Purpose | ||||
|---|---|---|---|---|
| University of Minnesota Foundation | Minneapolis, MN | $425,000 | The Wayland E. Noland Research Fellowship Fund | 2020 |
| University of Wisconsin Foundation | Milwaukee, WI | $118,002 | General & Unrestricted | 2024 |
| President & Fellows of Harvard College | Cambridge, MA | $39,344 | Wayland E. Noland Fund in Chemistry and Chemical Biology Scholarship Fund | 2024 |
| Phillips Exeter Academy | Exeter, NH | $39,334 | General & Unrestricted | 2024 |
| University of Minnesota Foundation | Minneapolis, MN | $39,334 | Fund 9901 | 2024 |
| University of Minnesota Foundation | Minneapolis, MN | $35,267 | Chemistry Building The Future Fund | 2016 |
| University of Wisconsin Foundation | Milwaukee, WI | $33,906 | Morgridge match Campaign | 2017 |
| University of Minnesota Foundation | Minneapolis, MN | $31,521 | General & Unrestricted | 2021 |
| University of Minnesota Foundation | Minneapolis, MN | $30,406 | The Wayland E. Noland Award for Academic Excellence Scholarship Fund | 2018 |
| University of Minnesota Foundation | Minneapolis, MN | $10,000 | Wayland Noland Research Fellowship Fund | 2017 |
| University of Minnesota Foundation | Minneapolis, MN | $1,000 | Sally B. Jorgensen Scholarship Fund | 2018 |
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