Education
Citadel Foundation
CHARLESTON, SC
Total revenue
$37.9M
Total expenses
$35.6M
Net assets
$308.8M
Grants received
$15.3M
274 grants
EIN
576020493
Tax year
2024
Mission
The citadel foundation is a nonprofit organization created to raise funds for the citadel. Gifts from alumni and friends, corporations, foundations, and other organizations provide resources that the college uses to award scholarships, recruit and retain outstanding students and professors, provide them with state-of-the-art technology and facilities, and enrich campus life through athletic and cultural activities. The top three areas of focus of the citadel foundation are to provide unrestricted support to the citadel, increase scholarship funds, and sustain enrichment programs for the south carolina corps of cadets and graduate students.
Programs
3 programs
Scholarships: scholarships allow the citadel to attract and retain promising cadets and students. Approximately 55% of the citadel's 2,300-member corps of cadets receive institutionally provided, donor-funded scholarship support. The citadel's office of financial aid and scholarships awards approximately $16 million in scholarships from endowments held at the citadel's affiliated foundations, including nearly $12 million in academic merit- and need-based awards. Scholarship awards range from full-tuition, merit-based awards to need-based financial awards that support dedicated cadets who simply need help to complete their citadel education. Most scholarships awarded by the citadel are renewable from one year to the next, providing that the cadet recipient remains in good standing and continues to meet the eligibility criteria for the award. Thanks to the generosity of alumni and friends of the college, nearly three-quarters of the corps of cadets receives some degree of financial assistance toward earning their citadel degree.
Enrichment programs: the citadel has established a variety of programs to support the college's mission to educate and prepare graduates to become principled leaders in all walks of life by instilling the core values of the citadel in a challenging intellectual environment. These programs enhance the college's academic standing by enabling cadets and citadel graduate college students to participate in external leadership opportunities and conferences, and by helping to promote the citadel through associations with peer institutions focused on leadership development. Examples of program initiatives include:1. The newly established krause school for leadership and ethics, combining the existing krause center and the department of leadership studies to form the college's sixth academic school2. Cybercorps scholarship for service program3. Facility enhancements, including the design of a new school of engineering building, renovations to classroom and labratory spaces in byrd and ducket halls, raising funds to rebuild the east side stands at johnson hagood stadium, and renovating the baseball clubhouse and locker rooms at joe riley park.4. Emerging topics in intelligence and security studies lecture series5. Faculty and student panels exploring the merits, opportunities, and challenges of incorporating artificial intelligence into classroom and campus activities
Real estate: the citadel real estate foundation (tcref) supports the citadel through various real property initiatives. Tcref may request and accept gifts and grants from the foundation to support those initiatives. In 2024 grants were made to tcref related to the construction and debt service of bastin hall, and the purchase of properties on dunneman avenue and grove street along the edge of the citadel campus.
Financials
FY 2024
Revenue
Expenses
People
45 listed
JAY P DOWD III
PRESIDENT AND CEO
$522K
40 hrs/wk
SHANNON N MEASE
COO/CFO
$363K
40 hrs/wk
RADM STEPHEN C EVANS-BEG 0424
BOARD MEMBER
—
1 hrs/wk
COL THOMAS L HENDRICKSUSAF RET
AUDIT COMMITTEE CHAIR
—
1 hrs/wk
MR ROBERT R HILL JR
GRANTS COMMITTEE CHAIR
—
1 hrs/wk
MS M RUSSELL HOLLIDAY JR
BOARD MEMBER
—
1 hrs/wk
MR JOSEPH J KEENAN
REAL ESTATE COMMITTEE CHAIR
—
1 hrs/wk
MR L WILLIAM KRAUSE
BOARD MEMBER
—
1 hrs/wk
MR CHARLES B LAWLESS
INVESTMENT COMMITTEE CHAIR
—
1 hrs/wk
MR A FOSTER MCKISSICK III
BOARD MEMBER
—
1 hrs/wk
MR BRETT S MILLER-BEG 0424
BOARD MEMBER
—
1 hrs/wk
MR J BRICE O'BRIEN
BOARD MEMBER
—
1 hrs/wk
MS AMANDA M ORSON-BEG 0424
BOARD MEMBER
—
1 hrs/wk
COL ALVIN A PERKINS USA RET
BOARD MEMBER
—
1 hrs/wk
MR WILLIAM S STAFFORD-BEG 1124
BOARD MEMBER
—
1 hrs/wk
MR PETER SULICK JR
BOARD MEMBER
—
1 hrs/wk
MR CHRISTOPHER C SULLIVAN
BOARD MEMBER
—
1 hrs/wk
DR CHRISTOPHER C SWAIN
BOARD MEMBER
—
1 hrs/wk
MR L WILLIAM VARNERJR-BEG0424
BOARD MEMBER
—
1 hrs/wk
GEN GLENN M WALTERS USMC RET
BOARD MEMBER
—
1 hrs/wk
MR ANDERSON D WARLICK
EMERITUS
—
1 hrs/wk
MR J TODD WATKINS
BOARD MEMBER
—
1 hrs/wk
MR DAVID D AUGHTRY
BOARD MEMBER
—
1 hrs/wk
LT COL WILLIAM R CULLBREATH JR US
BOARD MEMBER
—
1 hrs/wk
MR W HENRY JOHNSON-THRU 0424
BOARD MEMBER
—
1 hrs/wk
MR JAMES A KING II-THRU 0424
BOARD MEMBER
—
1 hrs/wk
MR DANIEL MCQUEENEY-THRU 0424
BOARD MEMBER
—
1 hrs/wk
MR NORMAN POOLE JR-THRU 1124
BOARD MEMBER
—
1 hrs/wk
MR JAMES W REED - THRU 0424
BOARD MEMBER
—
1 hrs/wk
MR RICHARD SANDERSJR-THRU0424
BOARD MEMBER
—
1 hrs/wk
MR JAMES J ETHRIDGE JR
CHAIRMAN, EXEC COMMITTEE CHAIR
—
2 hrs/wk
MR LUTHER C KISSAM IV
VICE CHAIRMAN, DEV/OMC COMMITTEE CHAIR
—
2 hrs/wk
MRS MARINA DANIEL BUESCHER
TREASURER/SECRETARY
—
2 hrs/wk
MR CLAUDIUS E WATTS IV
BOARD MEMBER
—
1 hrs/wk
MR TOMMY B BAKER
NOMINATIONS/COMP COMMITTEE CHAIR
—
1 hrs/wk
MR CHARLES B COE
BOARD MEMBER
—
1 hrs/wk
DR LOUIS E COSTA II
BOARD MEMBER
—
1 hrs/wk
MR RAFAEL R COSTAS JR
BOARD MEMBER
—
1 hrs/wk
MR STEPHEN L DAVIS
BOARD MEMBER
—
1 hrs/wk
COL F G DELLENEY JR
BOARD MEMBER
—
1 hrs/wk
JONATHAN KRESKEN
VP LEGACY, ANNUAL & REUNION GIVING
$258K
40 hrs/wk
GAYLORD GREENE
VP ATHLETIC DEVELOPMENT
$230K
40 hrs/wk
JODI COLLINS
CONTROLLER
$186K
40 hrs/wk
ASHLEY SANTOS
ASSOC. VP, PRINCIPAL GIVING
$170K
40 hrs/wk
ROBERT STEPHENSON
ASSOC. VP FOR MAJOR GIFTS
$156K
40 hrs/wk
Independent contractors
SAVE THE SEA ISLANDS LLC
DREDGING
THE CITADEL ALUMNI ASSOCIATION
RENT
HOLLAND AND KNIGHT LLP
ADVOCACY SUPPORT
ELLIOTT DAVIS LLC
ACCOUNTING
Grants received
Showing 200 of 274
Funded by
$15.3M from 110 funders · 274 grants · 2017–2024
$2.1M · 7 grants · 2018–2023
$1.4M · 7 grants · 2017–2023
$1.3M · 1 grant · 2024
$1.2M · 5 grants · 2020–2024
$1.2M · 1 grant · 2020
$1.1M · 9 grants · 2017–2023
$906K · 1 grant · 2023
$500K · 3 grants · 2022–2024