UNIVERSITY SCHOOL'S BIG ENDOWMENT

The University School of Milwaukee Endowment Fund had net assets of $44,610,777 as of June 30, 2004, not bad for a school with 1,048 students enrolled from Pre-kindergarten to 12th grade.
The foundation had assets of $39,311,398 the year before, and spent $1,728,950 in program services in the tax year that ran from July 1, 2003 to June 20, 2004, the most recent figures available. The program services went to support educational activities at the private school, including over $1,000,000 in scholarships to the 25 per cent of students there who receive financial aid.
Students at the private academy come from as far north as Kohler and as far south as South Milwaukee. Thirty-eight percent of the students come from the City of Mequon, just across W. County Line Road from the school's northernmost border. The school is so special that it even runs its own day care facility for children of its employees, and operates its own busses. Believe it or not, it does not have a swimming pool.
The school itself operated on a budget of about $20,000,000 last year and received donations, independent of the endowment fund's contribution, in the amount of $3,349,994 for the year.
The school paid its headmaster, Ward Ghory $198,000 for his services in fiscal year 2003, along with an additional $41,897 in benefits, which apparently do not include the use of the headmaster's mansion on County Line Road. In all, seventy employees of the school were paid more than $50,000 for that year, including Upper School master Roseann Lyons ($91,930) and Middle School master Gregg Bach ($83,530).
The only independent contractor paid more than $50,000 by the school that year was Uihlein Wilson Architects of Milwaukee, which received $324,389 for architectural services.
Lest you think Uihlein Wilson principal David Vogel Uihlein, Jr. is enriching himself by his association with the school, it should be noted that the David and Julia Uihlein Charitable Foundation donated $1,030,000 to the school that year.
This makes University School one of the few institutions of any sort to ever have profited by association with an architect.
Dave's dad, David V. Uihlein, Sr. has a foundation of his own (you can hardly be an Uihlein without a foundation). It is called the David Uihlein Racing Museum Foundation, and it had over $7,000,000 in assets in calendar year 2004. Of those assets, nearly $3,000,000 were in automobiles parked up in the old Turn Hall in Cedarburg. Those 10 vehicles include a 1914 Mercer T-45 Raceabout valued at $375,000; a 1923 Miller Single-seat race car valued at $260,286; a 1937 Thorne Sparks Big 6 race car valued at $206,936, a 1973 Maserati Bora worth a piddling $35,000, the same as a 1932 Dreyer Miller race car, also in the collection. You could put all these together and they are not worth the value of the collection's gem, an Alfa Romeo P3 Tipo B, valued at $1,854,671.
Uihlein, Sr. has a mechanical bent, and he has worked on these cars for decades. His personal preference for a day-to-day motor car is an overworked station wagon filled with tools and assorted ephemera. -- Michael Horne

MORE INTERESTING NEWS
The Miller Brewing Co. Foundation, Inc. has been established. ... Michael McGee has incorporated the Local Organizing Committee LLC at 621 E. Burleigh St.