NonprofitsMsu Foundation Inc

Msu Foundation Inc

MOREHEAD, KY

Total revenue

$12.8M

Total expenses

$6.8M

Net assets

$79.4M

Grants received

$18.2M

195 grants

EIN

311003236

Tax year

2024

Mission

Support of morehead state university through fundraising and administrative support

Programs

3 programs

Scholarship fund - provided scholarships for eligible students at morehead state university.

Expenses: $950KGrants: $950K

Eagle athletic fund - provided assistance to the various sports programs at morehead state university.

Expenses: $946KGrants: $930K

Endowment fund - provided support to morehead state university for professorships, chairs, and research projects.

Expenses: $538K

Financials

FY 2024

Revenue

Contributions & grants$5.4M
Program service revenue
Investment income$6.6M
Other revenue$791K
Total revenue$12.8M

Expenses

Grants paid$5.3M
Salaries & benefits$41K
Fundraising$161K
Other expenses$1.4M
Total expenses$6.8M
Total assets$92.0M
Net assets$79.4M

People

29 listed

NameRoleCompensation

MR RICK HESTERBERG

FOUNDATION, CEO (PARTIAL YEAR)

Board

1 hrs/wk

MS ALLISON CAUDILL

FOUNDATION, CEO (PARTIAL YEAR)

Board

1 hrs/wk

MR PERRY ALLEN

BOARD CHAIR

Board

1 hrs/wk

MR ANDREW JONES

VICE CHAIR

Board

1 hrs/wk

MR RONALD CARTEE

TRUSTEE (PART YEAR)

Board

1 hrs/wk

MR JOHN MERCHANT

TRUSTEE

Board

1 hrs/wk

MR ANDRE PREFONTAINE

TRUSTEE

Board

1 hrs/wk

MR BRIAN MCBRAYER

TRUSTEE (PART YEAR)

Board

1 hrs/wk

MS JANICE TOWLES

TRUSTEE

Board

1 hrs/wk

MR JAMES JENNINGS

TRUSTEE

Board

1 hrs/wk

MS PEGGY OSBORNE

TRUSTEE

Board

1 hrs/wk

MS BARBARA ISON

TRUSTEE

Board

1 hrs/wk

MR BRETT TRAVER

TRUSTEE

Board

1 hrs/wk

MR JON HARVILLE

TRUSTEE

Board

1 hrs/wk

MS HEATHER THOMPSON

TRUSTEE

Board

1 hrs/wk

MR KEVIN JOHNS

TRUSTEE

Board

1 hrs/wk

MS KIMBERLY HAYES TAYLOR

TRUSTEE

Board

1 hrs/wk

MR BRANDON FRALEY

TRUSTEE

Board

1 hrs/wk

MR DANIEL MCGOWAN

TREASURER

Board

1 hrs/wk

MR BERNIE MCKAY

TRUSTEE

Board

1 hrs/wk

MR TODD PHILLIPS

TRUSTEE

Board

1 hrs/wk

MS TERRI WALTERS

TRUSTEE

Board

1 hrs/wk

MS COLLEEN PAYNE

TRUSTEE

Board

1 hrs/wk

MR BOB ALBERT

TRUSTEE (PART YEAR)

Board

1 hrs/wk

MR RONALD COOPER

TRUSTEE

Board

1 hrs/wk

MR JOSEPH GILLMAN

TRUSTEE

Board

1 hrs/wk

MR WAYNE GRANIS

TRUSTEE

Board

1 hrs/wk

MS KAREN KELLY

TRUSTEE

Board

1 hrs/wk

MR ED STROSNIDER

TRUSTEE

Board

1 hrs/wk

Grants received

Showing 195 of 195

FromAmountPurposeYear
$1.7M
TO PROVIDE SUPPORT FOR HIGHER EDUCATION
2024
$202K
UNIVERSITY SUPPORT
2024
$191K
SUPPORT MSU PROGRAMS
2024
$151K
TO PROVIDE FUNDS FOR LEARNING/SCHOLARSHIPS, SERVICE OR RESEARCH
2024
$128K
General Support
2024
$60K
PROVIDE SCHOLARSHIPS
2024
$58K
General Operations
2024
$12K
Support organization programs
2024
$10K
COMMUNITY FOCUS REPORT
2024
$10K
ORGANIZATION'S CHARITABLE PURPOSE
2024
$8K
ANNUAL GIVING
2024
$8K
EFACTORY ENTREPRENEURSHIP INTERN PROGRAM
2024
$6K
SUPPORT OF PROGRAM
2024
$3K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$1K
FURTHER EXEMPT PURPOSE
2024
$1K
HIGHER EDUCATION
2024
$500
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$1.8M
TO PROVIDE SUPPORT FOR HIGHER EDUCATION
2023
$300K
CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE
2023
$95K
SUPPORT MSU PROGRAMS
2023
$60K
PROVIDE SCHOLARSHIPS
2023
$50K
Endowed scholarship in Memory of Dr. Frank E. Cotton Jr.
2023
$30K
SUPPORT OF PROGRAM
2023
$30K
Education
2023
$25K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$25K
To further the exempt purpose of the organization
2023
$22K
GENERAL
2023
$19K
TO PROVIDE FUNDS FOR LEARNING/SCHOLARSHIPS, SERVICE OR RESEARCH
2023
$15K
SCHOLARSHIPS
2023
$11K
NO RESTRICTIONS
2023
$3K
GENERAL OPERATING SUPPORT
2023
$3K
DEVELOPMENT OF HEMP & CBD INDUSTRY
2023
$2K
PROGRAM/OPERATING SUPPORT
2023
$2K
PROVIDE SCHOLARSHIPS
2023
$1K
FURTHER EXEMPT PURPOSE
2023
$1K
ASSIST WITH EDUCATION COSTSBY CONTRIBUTING TO THEIRSCHOLARSHIP PROGRAM
2023
$1K
HIGHER EDUCATION
2023
$500
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
GENERAL OPERATING EXPENSES
2023
$375
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$250
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$150
COMMUNITY IMPROVEMENT, CAPACITY BUILDING
2023
$50
OTHER CIVIC / COMMUNITY
2023
$50
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
CHARITABLE
2023
$476K
TO PROVIDE SUPPORT FOR HIGHER EDUCATION
2022
$300K
BAGLEY COLLEGE OF ENGINEERING; SUMMER BRIDGE PROGRAM; DIVERSITY PROGRAM
2022
$100K
ERGON SCHOLARSHIP FUND
2022
$100K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$90K
CLASSES FOR CAREER READINESS
2022
$60K
PROVIDE SCHOLARSHIPS
2022
$58K
CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE
2022
$50K
GRANT IS FOR RECIPIENTS ANDREAS THEATER
2022
$50K
Endowed scholarship in Memory of Dr. Frank E. Cotton Jr.
2022
$50K
ENDOWED SCHOLARSHIP
2022
$36K
To further the exempt purpose of the organization
2022
$26K
TO PROVIDE FUNDS FOR LEARNING/SCHOLARSHIPS, SERVICE OR RESEARCH
2022
$25K
SUPPORT MSU PROGRAMS
2022
$25K
Kearney International Center
2022
$25K
GENERAL
2022
$20K
GENERAL PURPOSE
2022
$16K
SUPPORT OF PROGRAM
2022
$15K
NO RESTRICTIONS
2022
$15K
SCHOLARSHIPS
2022
$10K
General Support
2022
$5K
GRANT IS FOR RECIPIENTS COOPERATIVE PROJECT WITH MY PLACE
2022
$4K
SPECIAL GIFT FOR SCHOLARSHIPS
2022
$3K
General & Unrestricted
2022
$3K
To be used in area of need.
2022
$3K
DEVELOPMENT OF HEMP & CBD INDUSTRY
2022
$2K
PROGRAM/OPERATING SUPPORT
2022
$1K
ASSIST WITH EDUCATION COSTSBY CONTRIBUTING TO THEIRSCHOLARSHIP PROGRAM
2022
$1K
PROVIDE SCHOLARSHIPS
2022
$1K
FURTHER EXEMPT PURPOSE
2022
$1K
HIGHER EDUCATION
2022
$1K
CHARITABLE PROGRAMS
2022
$600
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$500
PROGRAM/OPERATING SUPPORT
2022
$500
PROGRAM/OPERATING SUPPORT
2022
$330
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$300
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$100
CHARITABLE
2022
$100
GENERAL SUPPORT
2022
$300K
BAGLEY COLLEGE OF ENGINEERING; SUMMER BRIDGE PROGRAM; DIVERSITY PROGRAM
2021
$180K
TO PROVIDE SUPPORT FOR HIGHER EDUCATION
2021
$128K
For recipient's exempt purpose
2021
$100K
ERGON SCHOLARSHIP FUND
2021
$97K
TO PROVIDE FUNDS FOR LEARNING/SCHOLARSHIPS, SERVICE OR RESEARCH
2021
$50K
ENDOWED SCHOLARSHIP
2021
$39K
CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE
2021
$25K
Kearney International Center
2021
$21K
GENERAL
2021
$15K
General Support
2021
$15K
SCHOLARSHIPS
2021
$11K
Support organization programs
2021
$4K
General Operations
2021
$3K
DEVELOPMENT OF HEMP & CBD INDUSTRY
2021
$1K
ASSIST WITH EDUCATION COSTSBY CONTRIBUTING TO THEIRSCHOLARSHIP PROGRAM
2021
$1K
Donation
2021
$1K
HIGHER EDUCATION
2021
$1K
FURTHER EXEMPT PURPOSE
2021
$1K
BRENT & JUSTIN COBB ENDOWED SCHOLARSHIP (502097)
2021
$250
Donation
2021
$3M
UNRESTRICTED GENERAL SUPPORT
2020
$300K
BAGLEY COLLEGE OF ENGINEERING; SUMMER BRIDGE PROGRAM; DIVERSITY PROGRAM
2020
$200K
OPERATIONS
2020
$125K
SCHOLARSHIPS & MEDICAL RESEARCH
2020
$125K
ERGON SCHOLARSHIP FUND
2020
$70K
TO PROVIDE SUPPORT FOR HIGHER EDUCATION
2020
$52K
TO PROVIDE FUNDS FOR LEARNING/SCHOLARSHIPS, SERVICE OR RESEARCH
2020
$50K
GENERAL SUPPORT
2020
$44K
FOR UNIVERSITY TO PROVIDE SCHOLARSHIPS
2020
$26K
CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE
2020
$25K
PROGRAM SUPPORT
2020
$21K
GENERAL
2020
$16K
SUPPORT OF PROGRAM
2020
$15K
To fund scholarship grants to worthy Michigan residents
2020
$15K
SCHOLARSHIPS
2020
$15K
General Support
2020
$13K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$8K
VARIOUS PROJECTS
2020
$3K
DEVELOPMENT OF HEMP & CBD INDUSTRY
2020
$1K
ASSIST WITH EDUCATION COSTSBY CONTRIBUTING TO THEIRSCHOLARSHIP PROGRAM
2020
$1K
BRENT & JUSTIN COBB ENDOWED SCHOLARSHIP
2020
$1K
FOR UNIVERSITY TO PROVIDE SCHOLARSHIPS
2020
$1K
HIGHER EDUCATION
2020
$500
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2020
$500
TO SUPPORT THE BLACK ALUMNI ADVISORY COUNCIL ANNUAL SCHOLARSHIP FUND
2020
$300
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2020
$100
GENERAL SUPPORT
2020
$100
GENERAL SUPPORT
2020
$43K
CHARITABLE GIFT
2019
$25K
CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE
2019
$25K
HILLEMAN SCHOLARS PROGRAM
2019
$13K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2019
$7K
General Charitable Operation
2019
$3K
TO SUPPORT THE BLACK ALUMNI ADVISORY COUNCIL ANNUAL SCHOLARSHIP FUND.
2019
$1K
ASSIST WITH EDUCATION COSTSBY CONTRIBUTING TO THEIRSCHOLARSHIP PROGRAM
2019
$50K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2018
$40K
COMMITMENT CONTRIBUTIONS - GVM ADVISING CENTER & VETERANS BUILDING FUND
2018
$24K
SCHOLARSHIPS FOR LEADERSHIP AWARDEES & ROTC SCHOLARSHIPSAND PLEDGE FOR NEW FACILITY
2018
$19K
CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE
2018
$16K
SUPPORT OF PROGRAM
2018
$15K
SCHOLARSHIPS
2018
$10K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2018
$8K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2018
$7K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2018
$5K
SUPPORT CHARITABLE ACTIVITIES
2018
$2K
Donation
2018
$1K
ASSIST WITH ED COSTS BY CONTRIB TO SCHOLARSHIP PRO
2018
$1K
HIGHER EDUCATION
2018
$1K
BRENT & JUSTIN COBB ENDOWED SCHOLARSHIP
2018
$500
Brick for Yellowstone Science Building.
2018
$50K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2017
$50K
HUMAN SERVICES
2017
$10K
SUPPORT CHARITABLE ACTIVITIES
2017

Funded by

$18.2M from 71 funders · 195 grants · 2017–2024

The Luckyday Foundation

$4.2M · 5 grants · 2020–2024

Joseph W Craft Iii Foundation

$3.7M · 4 grants · 2020–2024

Ergon Foundation Inc

$1.3M · 8 grants · 2020–2022

J Rogers Badgett Sr Foundation Inc

$1.0M · 7 grants · 2017–2023

National Philanthropic Trust

$957K · 6 grants · 2017–2023

The Dick Molpus Foundation

$468K · 6 grants · 2018–2023

Mississippi State University Donor

$345K · 5 grants · 2020–2024

Details

EIN311003236
Subsection03
Ruling date1981-03
Formed1979
Employees10
Volunteers26
MSU FOUNDATION INC — Mission, Financials & Grants Received | Grantivo