NonprofitsMarshall University Foundation Incorporated

Education

Marshall University Foundation Incorporated

HUNTINGTON, WV

Total revenue

$22.2M

Total expenses

$50.0M

Net assets

$294.2M

Grants received

$22.8M

275 grants

EIN

556011111

Tax year

2023

Mission

The Marshall University Foundation was chartered on January 3, 1947 as an independent non-profit organization to receive, invest, administer and disburse private resources on behalf of Marshall University.

Programs

3 programs

The organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects.

Expenses: $1.4M

Department and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments

Expenses: $1.9M

Other expenses attributable to program funds in support of the university and departments, and adjustments for bad debts.

Expenses: $25.1M

Financials

FY 2023

Revenue

Contributions & grants$17.6M
Program service revenue$47K
Investment income$4.5M
Other revenue$46K
Total revenue$22.2M

Expenses

Grants paid$16.9M
Salaries & benefits$4.3M
Fundraising$1.8M
Other expenses$28.8M
Total expenses$50.0M
Total assets$343.9M
Net assets$294.2M

People

29 listed

NameRoleCompensation

Dr Ronald G Area

CEO

Board

$267K

40 hrs/wk

Mr R Scott Anderson

CFO

Board

$145K

40 hrs/wk

Mr Bernard Coston

Second Vice Chair

Board

2 hrs/wk

Mrs Nancy E Campbell

Board Chair

Board

4 hrs/wk

Mrs Carol J Hartley

First Vice Chair

Board

2 hrs/wk

Mr Leon K Oxley

Secretary

Board

2 hrs/wk

Mr Floyd Harlow Jr

Treasurer

Board

2 hrs/wk

Mrs Sharon Shaffer

Immediate Past Chair

Board

2 hrs/wk

Mr Barry Burgess

Director

Board

2 hrs/wk

Mr William W Carter

Director

Board

2 hrs/wk

Mr Mark A Chandler

Director

Board

2 hrs/wk

Ms Kathy Eddy

Director

Board

2 hrs/wk

Ms Diane Ramy Faulconer

Director

Board

2 hrs/wk

Mrs Verna Gibson

Director

Board

2 hrs/wk

Mrs Monica Hatfield

Director

Board

2 hrs/wk

Dr Robert Hess

Director

Board

2 hrs/wk

Mr William V Jackson

Director

Board

2 hrs/wk

Mr Rex W Johnson

Director

Board

2 hrs/wk

Mr Max Lederer

Director

Board

2 hrs/wk

Mr Norman Mosrie

Director

Board

2 hrs/wk

Mr Charles Neighborgall

Director

Board

2 hrs/wk

Mr Charles W Pace

Director

Board

2 hrs/wk

Dr Joseph Touma

Director

Board

2 hrs/wk

Mr Danny Vance

Director

Board

2 hrs/wk

Mr Steven Wellman

Director

Board

2 hrs/wk

Mr John Jay White

Director

Board

2 hrs/wk

Mr Marc Williams

Director

Board

2 hrs/wk

Mrs A Sue Zemba

Director

Board

2 hrs/wk

Mr Joseph Allwood

COO

Staff

$127K

40 hrs/wk

Independent contractors

Stanbury Uniforms LLC

275 band uniforms and 3 drum major uniforms

$150K

Grants received

Showing 200 of 275

FromAmountPurposeYear
$6.5M
POST-SECONDARY EDUCATION INITIATIVE
2024
$203K
Education
2024
$187K
SCHOLARSHIPS
2024
$108K
SCHOLARSHIP AWARDS FOR STUDENTS ATTENDING MARSHALL UNIVERSITY
2024
$88K
UNRESTRICTED GENERAL
2024
$75K
TO TRANSFORM HIGHER EDUCATION, MARSHALL INSIDE INTEGRATES ONLINE AND IN-PERSON LEARNING, ON-THE-JOB TRAINING, MENTORSHIP, AND MICRO-CREDENTIALING TO SUPPORT LEARNERS OFTEN EXCLUDED FROM TRADITIONAL SYSTEMS
2024
$30K
STUDENT TRAVEL FUND FOR CHEM MTGS
2024
$30K
TO ESTABLISH A HANDS-ON ADVANCED MANUFACTURING TECHNOLOGY TRAINING PROGRAM WITH MULTIPLE CAREER PATH OPTIONS FOR AUTOMATION, PROCESS CONTROLS, INSTRUMENTATION, MAINTENANCE, AND FABRICATION (OVER THREE YEARS)
2024
$30K
SCHOLARSHIPS FOR CHEMISTRY STUDENTS
2024
$27K
COLLEGES AND UNIVERSITIES
2024
$25K
GENERAL FUNDING
2024
$10K
SUSTAINABILITYGARDENACCESSIBILITY
2024
$10K
EDUCATION
2024
$8K
SCHOLARSHIP
2024
$7K
PROGRAM SUPPORT
2024
$5K
OPERATING FUNDS
2024
$2K
TO COVER FEES OF SHOWCASE GRANTEES FOR THE 80TH ANNIVERSARY CELEBRATION
2024
$1K
TO ASSIST IN EDUCATIONAL OPPORTUNITIES
2024
$500
UNRESTRICTED
2024
$200
EMPLOYEE MATCHING
2024
$450K
UDITORIUM FOR BRAD D SMITH CENTER FOR BUSINESS AND INNOVATION
2023
$400K
SCHOLARSHIP ENDOWMENT
2023
$250K
SCHOLARSHIP ENDOWMENT
2023
$203K
SCHOLARSHIPS
2023
$200K
EDUCATIONAL
2023
$100K
WRITING AWARDS - SPEND & ENDOWMENT
2023
$87K
GENERAL OPERATING
2023
$83K
For grant recipient's exempt purposes
2023
$77K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$67K
SUPPORT ORGANIZATION'S MISSION
2023
$60K
TO ESTABLISH A HANDS-ON ADVANCED MANUFACTURING TECHNOLOGY TRAINING PROGRAM WITH MULTIPLE CAREER PATH OPTIONS FOR AUTOMATION, PROCESS CONTROLS, INSTRUMENTATION, MAINTENANCE, AND FABRICATION (OVER THREE YEARS)
2023
$60K
SCHOLARSHIP AWARDS FOR STUDENTS ATTENDING MARSHALL UNIVERSITY
2023
$50K
Advancing Communication Access and Diversity throu
2023
$35K
UNRESTRICTED GENERAL SUPPORT
2023
$35K
EDUCATIONAL PARTNERSHIP PROGRAM
2023
$35K
UG EXPERIENTIAL LEARNING & RESEARCH
2023
$30K
STUDENT TRAVEL FUND FOR CHEM MTGS
2023
$30K
SCHOLARSHIPS FOR CHEMISTRY STUDENTS
2023
$26K
CHARITABLE DONATION
2023
$25K
EDUCATIONAL SCHOLARSHIPS AT MARSHALL
2023
$25K
GENERAL FUNDING
2023
$25K
GENERAL OPERATING
2023
$25K
FOR DONEE'S GENERAL PURPOSE
2023
$22K
GRANT MARSHALL UNIVERSITY
2023
$20K
INTERNATIONAL
2023
$20K
MEDICAL STUDENT SCHOLARSHIP ASSISTANCE
2023
$20K
DONATION TO THE JUANITA SAMMONS SCHOLARSHIP
2023
$19K
OPERATING FUNDS
2023
$18K
MATCHING GIFTS
2023
$15K
PROGRAMATIC SUPPORT
2023
$15K
SUPPORT ASPERGER PROGRAM GRADUATE STUDENT MENTORS
2023
$13K
Program Support
2023
$13K
CHARITABLE/MULTICULTURAL/EDUCATIONAL
2023
$8K
GRADUATE SCHOLARSHIPS
2023
$7K
READING PROGRAM
2023
$5K
ASSISTANCE FOR H.E.L.P. PROGRAM
2023
$3K
OTHER CIVIC / COMMUNITY
2023
$3K
WV AUTISM TRAINING CENTER FUNDING
2023
$2K
Program Support
2023
$500
MATCHING EMPLOYEE GIFT
2023
$100
EMPLOYEE MATCHING
2023
$100
OTHER CIVIC / COMMUNITY
2023
$1.8M
UNRESTRICTED
2022
$600K
SCHOLARSHIP ENDOWMENT
2022
$450K
UDITORIUM FOR BRAD D SMITH CENTER FOR BUSINESS AND INNOVATION
2022
$210K
For grant recipient's exempt purposes
2022
$203K
SCHOLARSHIPS
2022
$165K
To establish a scholarship endowment in accordance with the bequest of the donor of real property on behalf of Marshall University
2022
$100K
WRITING AWARDS - SPEND & ENDOWMENT
2022
$94K
GENERAL OPERATING
2022
$80K
STUDY ABROAD SCHOLARSHIPS
2022
$62K
FOR THE JUNE HARLESS CENTER TO DEVELOP A TEACHER FELLOWSHIP PROGRAM REFLECTIVE OF THE MEDICAL RESIDENCY MODEL TO SUPPORT THE RECRUITMENT, PREPARATION, AND RETENTION OF HIGH-QUALITY TEACHERS
2022
$55K
SCHOLARSHIP AWARDS FOR STUDENTS ATTENDING MARSHALL UNIVERSITY
2022
$51K
FOR DONEE'S GENERAL PURPOSE
2022
$50K
EDUCATIONAL SCHOLARSHIPS AT MARSHALL
2022
$50K
EDUCATIONAL PARTNERSHIP PROGRAM
2022
$35K
GENERAL DONATION TO SUPPORT THEIR MISSION
2022
$35K
UG EXPERIENTIAL LEARNING & RESEARCH
2022
$34K
UNRESTRICTED
2022
$33K
TO MAKE MARSHALL UNIVERSITY A TRAUMA-INFORMED, RESILIENCE-INFUSED CAMPUS AND TO PROVIDE TRAINING TO THE COMMUNITY
2022
$32K
STUDENT TRAVEL FUND FOR CHEM MTGS
2022
$32K
SCHOLARSHIPS FOR CHEMISTRY STUDENTS
2022
$30K
CHARITABLE/MULTICULTURAL/EDUCATIONAL
2022
$25K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$25K
TIERED REIMBURSEMENT
2022
$25K
GENERAL FUNDING
2022
$25K
GENERAL OPERATING
2022
$24K
OPERATING FUNDS
2022
$24K
OPERATING FUNDS
2022
$22K
CHARITABLE DONATION
2022
$21K
GENERAL SUPPORT
2022
$20K
Marshall Medical Outreach
2022
$20K
DONATION TO THE JUANITA SAMMONS SCHOLARSHIP
2022
$20K
General & Unrestricted
2022
$19K
GRANT MARSHALL UNIVERSITY
2022
$17K
FOR DONEE'S GENERAL PURPOSE
2022
$13K
FINANCIAL SUPPORT FOR MARSHALL UNIVERSITY
2022
$12K
GENERAL SUPPORT
2022
$10K
EDUCATION
2022
$10K
CHARITABLE
2022
$10K
MEDICAL STUDENTSCHOLARSHIPS
2022
$10K
EDUCATION
2022
$10K
EDUCATION
2022
$8K
EDUCATION
2022
$8K
FOR GRADUATE SCHOLARSHIPS IN THE PSYCHOLOGY DEPARTMENT
2022
$7K
READING PROGRAM
2022
$5K
Program Support
2022
$5K
SOCIAL WELFARE RELATED
2022
$3K
WV AUTISMTRAININGCENTER
2022
$2K
MIP PAYOUT FOR 05/04/2022
2022
$100
MIP PAYOUT FOR 01/27/2022
2022
$100
MIP PAYOUT FOR 03/15/2022
2022
$425K
SCHOOL OF AVIATION
2021
$210K
SCHOLARSHIPS
2021
$192K
UNRESTRICTED
2021
$155K
FORENSIC LAB EXPANSION
2021
$100K
WRITING AWARDS
2021
$72K
For grant recipient's exempt purposes
2021
$72K
For grant recipient's exempt purposes
2021
$71K
STEM EDUCATOR SCHOLARSHIPS
2021
$56K
SCHOLARSHIP AWARDS FOR STUDENTS ATTENDING MARSHALL UNIVERSITY
2021
$50K
CHARITABLE ACTIVITIES OF THE RECIPIENT ORGANIZATION
2021
$35K
AACSB ACCRD/EXPERINTIAL LEARNING
2021
$30K
For recipient's exempt purpose
2021
$29K
STUDENT TRAVEL FUND FOR CHEM MTGS
2021
$29K
SCHOLARSHIPS FOR CHEMISTRY STUDENTS
2021
$26K
DR. JEROME "JERRY" GILBERT SCHOLARSHIP
2021
$25K
GENERAL FUNDING
2021
$25K
GENERAL OPERATING
2021
$21K
CHARITABLE DONATION
2021
$20K
DONATION TO THE JUANITA SAMMONS SCHOLARSHIP
2021
$20K
OPERATING FUNDS
2021
$19K
GRANT MARSHALL UNIVERSITY MEDICAL SCHOOL
2021
$13K
General Support
2021
$11K
MATCHING GIFTS
2021
$5K
For Donee's General Purpose.
2021
$5K
SEE ATTACHMENT
2021
$2K
WV AUTISMTRAININGCENTER
2021
$2K
Program Support
2021
$500
PROGRAM SUPPORT
2021
$475K
SCHOOL OF AVIATION
2020
$250K
TO HELP WEST VIRGINIA SCHOOLS PREPARE FOR THE 2020-2021 ACADEMIC YEAR IN THE WAKE OF COVID-19
2020
$162K
scholarships
2020
$149K
Unrestricted
2020
$107K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$103K
For grant recipient's exempt purposes
2020
$86K
GENERAL OPERATING
2020
$71K
STEM EDUCATOR SCHOLARSHIPS
2020
$60K
SCHOLARSHIP AWARDS FOR STUDENTS ATTENDING MARSHALL UNIVERSITY
2020
$60K
STUDENT RELIEF SCHOLARSHIPS
2020
$50K
CHARITABLE ACTIVITIES OF THE RECIPIENT ORGANIZATION
2020

Funded by

$22.8M from 88 funders · 275 grants · 2017–2024

Valhalla Foundation

$6.5M · 1 grant · 2024

Maier Foundation Inc

$2.8M · 15 grants · 2020–2023

The Wing 2 Wing Foundation

$1.8M · 2 grants · 2022–2024

The Cline Family Fdn Inc

$1M · 1 grant · 2018

Lemotto Smith Trust

$965K · 5 grants · 2020–2024

Encova Foundation Of West Virginia

$900K · 2 grants · 2022–2023

Fidelity Investments Charitable Gift Fund

$665K · 8 grants · 2017–2023

Network For Good

$528K · 4 grants · 2018–2022

Details

EIN556011111
NTEE codeB110
Subsection03
Ruling date1951-11
Formed1947
Employees44
Volunteers100
MARSHALL UNIVERSITY FOUNDATION INCORPORATED — Mission, Financials & Grants Received | Grantivo