NonprofitsJames Madison University Foundation Inc

Education

James Madison University Foundation Inc

HARRISONBURG, VA

Total revenue

$48.7M

Total expenses

$21.3M

Net assets

$216.4M

Grants received

$14.3M

340 grants

EIN

237156305

Tax year

2023

Mission

The James Madison University Foundation provides prudent investment policy and stewardship to sustain and grow financial support for the University, while collaborating with the University to create innovative avenues of giving and to meet critical funding initiatives.

Programs

8 programs

Operation & Maintenance of Plant - Includes expenditures for the operation and maintenance of James Madison University's physical plant. Current year expenditures include transfers to James Madison University of donor-designated funds for the construction of a college of business learning complex, and an athletic construction project.

Expenses: $3.0MGrants: $2.5M

Intercollegiate Athletics - Expenditures for intercollegiate sport programs that provide for JMU students' physical well-being and social and cultural development outside the context of the formal instruction program. It also includes expenditures related to the administration, operation and promotion of intercollegiate athletics.

Expenses: $2.2MGrants: $1.5M

Institutional Support - Includes expenditures for central and administrative-level activities concerned with management and long-range planning for the entire institution. It also includes expenditures for operations related to human resources, postal services, finance, resource planning, information technology, and for advancement to maintain relations with the community, alumni and other constituents and to conduct activities related to institution-wide development.

Expenses: $2.0MGrants: $1.2M

Academic Support - Includes expenditures providing support services for programs of instruction, research, and public services.

Expenses: $1.4MGrants: $1.1M

Instruction - Includes expenditures for all activities that are part of JMU's instructional program.

Expenses: $914KGrants: $546K

Public Service - Includes expenditures for activities established to provide non-instructional educational services beneficial to individuals and groups, internal and external to JMU.

Expenses: $176KGrants: $91K

Student Support - Includes expenditures for student affairs and activities with the primary purpose of contributing to students' emotional and physical well-being and intellectual, cultural and social development outside the context of the formal instruction program.

Expenses: $141KGrants: $84K

Research - Includes expenditures for activities specifically organized to produce educational research at JMU.

Expenses: $33KGrants: $19K

Financials

FY 2023

Revenue

Contributions & grants$22.8M
Program service revenue$1.1M
Investment income$24.0M
Other revenue$785K
Total revenue$48.7M

Expenses

Grants paid$15.8M
Salaries & benefits$1.3M
Fundraising$852K
Other expenses$4.3M
Total expenses$21.3M
Total assets$235.0M
Net assets$216.4M

People

25 listed

NameRoleCompensation

Warren K Coleman

CEO

Board

$225K

45 hrs/wk

Cheryl L Lindsay

Vice President/Chief Financial Officer

Board

$136K

40 hrs/wk

Tammy KC Balser

Secretary, Senior Acctg Manager - Operations

Board

$93K

39 hrs/wk

David S Kay

Chair

Board

1 hrs/wk

John Alouf

Trustee

Board

1 hrs/wk

A Jerry Benson

Trustee

Board

1 hrs/wk

Jarl Bliss

Trustee

Board

1 hrs/wk

Darrel Branch

Trustee

Board

1 hrs/wk

Linda W Cross

Trustee

Board

1 hrs/wk

Joseph K Funkhouser II

Trustee

Board

1 hrs/wk

Enrico Gaglioti

Trustee

Board

1 hrs/wk

James E Hartman

Trustee

Board

1 hrs/wk

Heather Hedrick

Trustee

Board

1 hrs/wk

F Claiborne Johnston III

Trustee

Board

1 hrs/wk

Nicholas L Langridge

Trustee, Ex-Officio

Board

1 hrs/wk

Ellen W Meyer

Trustee

Board

1 hrs/wk

Towana H Moore

Trustee, Ex-Officio

Board

1 hrs/wk

Jon Offley

Vice Chair

Board

1 hrs/wk

J Barry Purcell III

Trustee

Board

1 hrs/wk

Robin Reifsnider

Trustee

Board

1 hrs/wk

James L Riley

Trustee

Board

1 hrs/wk

Jennifer E Shirkey

Trustee

Board

1 hrs/wk

Paul M Thompson

Trustee

Board

1 hrs/wk

Michael S Walden

Trustee

Board

1 hrs/wk

Owen Wilson

Trustee

Board

1 hrs/wk

Independent contractors

Aramark Campus Services

JMU Dining Services

$445K

CornerStone Partners

Investment Fees

$200K

Collegiate Licensing Company

Trademark/Licensing Management

$157K

Monticello Associates

Investment Fees

$150K

Grants received

Showing 200 of 340

FromAmountPurposeYear
$433K
For nursing scholarships.
2024
$176K
UNRESTRICTED GENERAL SUPPORT
2024
$100K
Scholarship Fund
2024
$50K
UNRESTRICTED
2024
$40K
UNIVERSITY OR PRIVATE SCHOOL
2024
$37K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$25K
2025 VIRGINIA RENEWABLE ENERGY (KIDWIND) CHALLENGES
2024
$25K
UNRESTRICTED GENERAL SUPPORT
2024
$20K
GENERAL SUPPORT
2024
$19K
Program Support
2024
$10K
Education
2024
$6K
GENERAL SUPPORT
2024
$6K
MATCHING GIFT
2024
$6K
GENERAL SUPPORT AND VARIOUS PROJECTS
2024
$4K
CONTRIBUTIONS ARE MADE TO PURSUE THE VARIOUS CHARITABLE OR EDUCATIONAL GOALS OF EACH RECIPIENT.
2024
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$2K
GENERAL OPERATING
2024
$1K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$750
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$650
MATCHING GIFTS
2024
$500
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$150
GENERAL OPERATING PURPOSE
2024
$110
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$433K
For nursing scholarships.
2023
$411K
For grant recipient's exempt purposes
2023
$59K
CHARITABLE DONATION
2023
$51K
ACADEMIC SUPPORT
2023
$50K
UNRESTRICTED
2023
$40K
GENERAL SUPPORT
2023
$32K
MATCHING GIFT
2023
$27K
MATCHING GIFTS
2023
$25K
EMBEDDING EM INSTITUTIONALLY
2023
$23K
MISC. SCHOLARSHIP FUNDS
2023
$20K
LITERARY PARTNERSHIP
2023
$18K
MATCHING GIFT
2023
$17K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$17K
EDUCATION
2023
$15K
UNRESTRICTED GENERAL SUPPORT
2023
$14K
PROGRAM SUPPORT
2023
$13K
HAWTHORNDEN GRANT
2023
$12K
GRANT MAKING
2023
$12K
UNIVERSITY OR PRIVATE SCHOOL
2023
$9K
GENERAL SUPPORT AND VARIOUS PROJECTS
2023
$7K
SWIPE GRANT FUNDING TO SOLVE STUDENT HUNGER BY PROVIDING OUR PARTNER CAMPUSES WITH THE SUPPORT, TRAINING, AND RESOURCES THEY NEED TO RUN IMPACTFUL FOOD SECURITY PROGRAMS, LIKE STUDENT FOOD PANTRIES.
2023
$7K
SPONSORSHIP OF INTERNSHIP PROGRAMS
2023
$6K
MATCHING GIFT
2023
$6K
GENERAL SUPPORT
2023
$6K
MATCHING GIFTS
2023
$5K
Matching Gifts
2023
$5K
UNRESTRICTED GENERAL SUPPORT
2023
$5K
Matching Gifts
2023
$5K
Matching Gifts
2023
$5K
Matching Gifts
2023
$3K
UNDERGRADUATE SCHOLAR AWARDS
2023
$3K
OTHER CIVIC / COMMUNITY
2023
$2K
General Fund - Education
2023
$2K
20th Le Gourmet
2023
$2K
OTHER CIVIC / COMMUNITY
2023
$1K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$1K
OTHER CIVIC / COMMUNITY
2023
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$1K
GENERAL SUPPORT. THE ORGANIZATION CAN USE THE FUNDS AS NEEDED IN FURTHERANCE OF ITS CHARITABLE PURPOSE.
2023
$1K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2023
$400
EMPLOYEE GIVING PROGRAM
2023
$300
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$250
EXEMPT PURPOSE OF RECIPIENT CHARITABLE ORGANIZATION
2023
$250
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$250
GENERAL OPERATING SUPPORT
2023
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$200
Unrestricted
2023
$150
GENERAL OPERATING PURPOSE
2023
$150
OTHER CIVIC / COMMUNITY
2023
$120
OTHER CIVIC / COMMUNITY
2023
$100
Matching Gifts
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
Matching Gifts
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$25
MATCHING GIFTS
2023
$401K
For nursing scholarships.
2022
$343K
EDUCATIONAL
2022
$326K
For grant recipient's exempt purposes
2022
$200K
JMU SENTARA SCHOLARS
2022
$169K
GENERAL SUPPORT
2022
$137K
EDUCATION, RECREATION, SCHOLARSHIPS
2022
$134K
DEVELOP AND ENHANCE EM STUDENT EXPERIENCES; EMBEDDING EM INSTITUTIONALLY
2022
$51K
ACADEMIC SUPPORT
2022
$50K
UNRESTRICTED
2022
$48K
GENERAL SUPPORT
2022
$47K
CHARITABLE DONATION
2022
$31K
UNIVERSITY OR PRIVATE SCHOOL
2022
$29K
FOR EDUCATIONAL SCHOLARSHIP FUNDS
2022
$27K
MATCHING GIFTS
2022
$22K
FY'22 MATCHING GIFTS
2022
$18K
EDUCATION
2022
$13K
HAWTHORNDEN GRANT
2022
$12K
MATCHING GIFT
2022
$11K
GRANT MAKING
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2022
$10K
GENERAL SUPPORT AND VARIOUS PROJECTS
2022
$10K
Program Support
2022
$10K
SUPPORT OF MISSION
2022
$10K
Matching Gifts
2022
$8K
MATCHING GIFTS
2022
$8K
SPONSORSHIP OF INTERNSHIP PROGRAMS
2022
$6K
UNRESTRICTED GENERAL SUPPORT
2022
$6K
MATCHING GIFT
2022
$5K
DONATION FOR PURCHASE OF DISPOSABLE MEDICAL SUPPLIES FOR THE HOMELESS
2022
$5K
UNRESTRICTED GENERAL SUPPORT
2022
$5K
Matching Gifts
2022
$4K
UNDERGRADUATE SCHOLAR AWARDS
2022
$3K
Matching Gifts
2022
$3K
Matching Gifts
2022
$3K
MIP PAYOUT FOR 10/03/22
2022
$3K
CORPORATE DONATION
2022
$2K
General Fund - Education
2022
$2K
MIP PAYOUT FOR 02/07/2022
2022
$1K
Matching Gifts
2022
$1K
MIP PAYOUT FOR 02/07/2022
2022
$1K
EXEMPT PURPOSE OF RECIPIENT CHARITABLE ORGANIZATION
2022
$1K
DONATION TO SUPPORT FOUNDATIONS PURPOSE
2022
$1K
SUPPORT EDITH J CARRIER ARBORETUM
2022
$1K
GENERAL SUPPORT. THE ORGANIZATION CAN USE THE FUNDS AS NEEDED IN FURTHERANCE OF ITS CHARITABLE PURPOSE.
2022
$792
CHARITABLE
2022
$500
MIP PAYOUT FOR 07/05/2022
2022
$500
CHARITABLE PURPOSE
2022
$500
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2022
$500
CHARITABLE PURPOSE
2022
$300
MATCHING GIFTS TO EDUCATION
2022
$300
EMPLOYEE GIVING PROGRAM
2022
$300
MATCHING GIFTS TO EDUCATION
2022
$250
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$250
GENERAL OPERATING SUPPORT
2022
$200
MIP PAYOUT FOR 12/02/22
2022
$200
MATCHING GIFTS TO EDUCATION
2022
$200
MATCHING GIFTS TO EDUCATION
2022
$200
MATCHING GIFTS TO EDUCATION
2022
$200
Unrestricted
2022
$150
VOLUNTEER PROGRAM
2022
$100
MATCHING GIFTS TO EDUCATION
2022
$100
EMPLOYEE GIVING PROGRAM
2022
$100
MATCHING GIFTS TO EDUCATION
2022
$100
Matching Gifts
2022
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$100
MATCHING GIFTS TO EDUCATION
2022
$100
Matching Gifts
2022
$30
MATCHING GIFTS
2022
$25
MATCHING GIFTS
2022
$10
EMPLOYEE MATCHING GIFT DONATION
2022
$343K
For nursing scholarships.
2021
$341K
For grant recipient's exempt purposes
2021

Funded by

$14.3M from 86 funders · 340 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$2.3M · 8 grants · 2017–2023

Lettie Pate Whitehead Foundation Inc

$2.0M · 5 grants · 2020–2024

Donor Advised Charitable Giving Inc

$1.5M · 7 grants · 2017–2023

American Online Giving Foundation Inc

$1.1M · 6 grants · 2019–2024

The Ayco Charitable Foundation

$735K · 4 grants · 2019–2024

The Community Foundation Of Harrisonburg

$617K · 8 grants · 2017–2023

American Endowment Foundation

$472K · 5 grants · 2020–2024

Details

EIN237156305
NTEE codeB820
Subsection03
Ruling date1972-07
Formed1969
Employees1
Volunteers27
JAMES MADISON UNIVERSITY FOUNDATION INC — Mission, Financials & Grants Received | Grantivo