Air Force Academy Foundation
TO BE AN ASSOCIATION AND FOUNDATION OF INFLUENCE AND IMPACT, SUPPORTING THE ACADEMY'S ENDURING MISSION OF DEVELOPING LEADERS OF CHARACTER FOR THE NATION, AND PROVIDING A LIFETIME OF SERVICE TO THE LONG BLUE LINE. (CONT'D. ON SCH. O)
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$169.5M
+8.3% YoY
Annual Giving
$33.1M
+254.7% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$6.6M
+325.6% YoY
About Air Force Academy Foundation
Based on IRS filings
Air Force Academy Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in USAF ACADEMY, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $169.5M in total assets. In 2024, it awarded 5 grants totaling $33.1M. Net investment income was $3.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $169,492,887 | $156,547,159 | $128,612,215 |
| Revenue | $45,049,744 | $40,863,986 | $39,131,560 |
| Expenses | $40,855,917 | $28,355,772 | $16,327,301 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,520,428 | $2,746,701 | $1,688,515 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Open Grants
6 open opportunities from Air Force Academy Foundation
Air Force Academy Fund
Air Force Academy Foundation
Amount
Varies
Deadline
Rolling / Open
Dennis P. Rando Cadet Humanitarian Fund
Air Force Academy Foundation
Amount
Varies
Deadline
Rolling / Open
Falcon Rugby Funds
Air Force Academy Foundation
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include AIR FORCE ACADEMY ATHLETIC Association ($30,733,657), US Treasury ($1,670,887), Association of Graduates of the Usafa ($419,300).
| Recipient | Purpose | Amount |
|---|---|---|
| ASSOCIATION OF GRADUATES OF THE USAFA USAF Academy, CO | See Part IV | $419,300 |
| AIR FORCE ACADEMY ATHLETIC Association USAF Academy, CO | See Part IV | $30,733,657 |
| Academy Research and Development Institute Colorado Springs, CO | See Part IV | $261,008 |
| Way of Life Affinity Group of the USAF Academy Colorado Springs, CO | See Part IV | $10,744 |
| US Treasury USAFA, CO | See Part IV | $1,670,887 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kelly Banet | Executive VP of Development | 38 | $264,483 |
| Mark Hille | CEO | 20 | $167,372 |
| Katie Willemark | CFO | 20 | $126,765 |
| Dale Zschoche | Assistant VP for Development | 39 | $120,995 |
| Vincent Greco | Assistant VP Philanthropic | 39 | $112,252 |
| Alexander P Gilbert | Chair | 1 | — |
| Stephen M Dickson | Vice Chair | 1 | — |
| Stephen MacLeod | Secretary | 1 | — |
| Jeffrey M Frient | Treasurer | 1 | — |
| Dana H Born | Director | 1 | — |
| Louis W Bremer | Director | 1 | — |
| Jerome V Bruni | Director | 1 | — |
| Paul Capon | Director | 1 | — |
| John D Childs | Director | 1 | — |
| William Clohan | Director | 1 | — |
| Evan Dadosky | Director | 1 | — |
| Leslie G Denend | Director | 1 | — |
| Terrance M Drabant | Director | 1 | — |
| Leonard C Ekman | Director | 1 | — |
| Elizabeth D Ferrill | Director | 1 | — |
| April S Fitzgerald | Director | 1 | — |
| John M Fox | Director | 1 | — |
| Brian C Gornick | Director | 1 | — |
| Alexander Granados | Director | 1 | — |
| A Bart Holaday | Director | 1 | — |
| Bradley C Hosmer | Director | 1 | — |
| William J Hybl | Director | 1 | — |
| Max F James | Director | 1 | — |
| Edward R Jayne | Director | 1 | — |
| William A Jones | Director | 1 | — |
| Paul G Kaminski | Director | 1 | — |
| Jesung Kim | Director | 1 | — |
| J Scott Kirby | Director | 1 | — |
| John N Kucera | Director | 1 | — |
| Matthew J Kuta | Director | 1 | — |
| H Michael Lambert | Director | 1 | — |
| P Michael Leahy | Director | 1 | — |
| Edward E Legasey | Director | 1 | — |
| Rod Little | Director | 1 | — |
| Eugene A Lupia | Director | 1 | — |
| Paul S Madera | Director | 1 | — |
| Sarah J Marshall | Director | 1 | — |
| John W Martin | Director | 1 | — |
| John H Martinson | Director | 1 | — |
| Richard D McConn | Director | 1 | — |
| Bradley M Meissen | Director | 1 | — |
| Gilbert D Mook | Director | 1 | — |
| Patrick M Nesbitt | Director | 1 | — |
| Terrence O'Donnell | Director | 1 | — |
| Kevin O'Neil | Director | 1 | — |
| Terrence J O'Shaughnessy | Director | 1 | — |
| Harry J Pearce | Director | 1 | — |
| Charles E Phillips | Director | 1 | — |
| Gregg C Popovich | Director | 1 | — |
| Vincent P Reyna | Director | 1 | — |
| Paul Rossetti | Director | 1 | — |
| Daniel J Schnepf | Director | 1 | — |
| Norton A Schwartz | Director | 1 | — |
| Thomas A Stein | Director | 1 | — |
| Harry W Stowers | Director | 1 | — |
| David J Strobel | Director | 1 | — |
| William E Wecker | Director | 1 | — |
| Mark A Welsh | Director | 1 | — |
| Hugh H Williamson | Director | 1 | — |
| R David Yost | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Air Force Academy Foundation?
Air Force Academy Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in USAF ACADEMY, CO. It holds $169.5M in total assets as of 2024.
How large is Air Force Academy Foundation?
As of 2024, Air Force Academy Foundation holds $169.5M in total assets with $45.0M in annual revenue. It awarded 5 grants totaling $33.1M in 2024.
Where does Air Force Academy Foundation operate?
Air Force Academy Foundation has awarded grants in Colorado.
What size grants does Air Force Academy Foundation award?
In 2024, Air Force Academy Foundation awarded 5 grants totaling $33.1M — an average of about $6.6M per grant, based on its IRS Form 990 filings.
What is Air Force Academy Foundation's EIN?
Air Force Academy Foundation's EIN (Employer Identification Number) is 26-0537053. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Air Force Academy Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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