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..strategic priorities of: (1) engagement - cultivate lifelong relationships and provide valued service to the academy and our graduates.(2) philanthropy - enhance financial strength and stability to advance the academy and sustain our mission.(3) stewardship - responsibly seek and manage gifted time, talent, treasure and relationships.(4) communication - tell the story of our academy, our graduates and our mission with our words and actions.(5) organizational excellence - align our values, our culture and our commitment as a team to drive overall effectiveness of our mission.
Air Force Academy Foundation at a glance
In short: Air Force Academy Foundation gave $8.0M across 7 grants in 2025 (avg $1.1M), mostly in Colorado. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $7,980,224
- -76.3% vs 2024
- Grants made (2025)
- 7
- +40.0% vs 2024
- Average grant
- $1,140,032
- -83.0% vs 2024
- Median grant
- $314,317
- Total assets
- $191,269,920
- +12.8% vs 2024
- Primary geography
- Colorado (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Air Force Academy Foundation
Open Grants
6 open opportunities from Air Force Academy Foundation
Air Force Academy Fund
Air Force Academy Foundation
Amount
Varies
Deadline
Deadline not published
Dennis P. Rando Cadet Humanitarian Fund
Air Force Academy Foundation
Amount
Varies
Deadline
Deadline not published
Falcon Rugby Funds
Air Force Academy Foundation
Amount
Varies
Deadline
Deadline not published
Who Air Force Academy Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was US Treasury ($6.4M). Together the top 7 received $8.0M.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 27 (19%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Air Force Academy Foundation gives
- Giving fell 26% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5.7M (2019) to $36.6M (2020). In 2025 it made 7 grants totaling $8.0M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| US Treasury Usafa, CO | General Support, See Part IV | $6,404,995 |
| Association of Graduates Usafa, CO | General Support, See Part IV | $549,679 |
| Air Force Academy Athletic Association Usafa, CO | General Support, See Part IV | $512,662 |
| Academy Research and Development Institute Colorado Springs, CO | General Support, See Part IV | $314,317 |
| Air Force Academy Real Estate Trust Usafa, CO | Loan Forgiveness | $132,440 |
| Falcon Foundation Usafa, CO | General Support, See Part IV | $56,116 |
| Bolt Brotherhood Colorado Springs, CO | General Support, See Part IV | $10,015 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $191,269,920 | $35,148,270 | $17,259,528 | $7,980,224 | 7 | $3,652,921 |
| 2024 | $169,492,887 | $45,049,744 | $40,855,917 | $33,620,147 | 5 | $3,520,428 |
| 2023 | $156,547,159 | $40,863,986 | $28,355,772 | $20,464,708 | 6 | $2,746,701 |
| 2022 | $128,612,215 | $39,131,560 | $16,327,301 | $10,797,644 | 5 | $1,688,515 |
| 2021 | $121,910,731 | $31,160,927 | $15,838,295 | $11,210,915 | 4 | $930,920 |
| 2020 | $103,993,118 | $26,764,643 | $41,752,359 | $36,566,677 | Total only | $717,615 |
| 2019 | $100,762,134 | $30,831,681 | $10,866,959 | $5,660,474 | 4 | $895,863 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Air Force Academy Foundation
Based on IRS filings
Air Force Academy Foundation is a public charity, based in Usaf Academy, CO. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $191.3M in total assets. In 2025, it awarded 7 grants totaling $8.0M. Net investment income was $3.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Air Force Academy Foundation is led by Mark D. Hille, President & CEO since 2025 (on filings since 2020); 5 of 67 officers listed in 2025 are compensated.
Officers on the 2025 filing
Mark D. Hille
President & CEO
President → CEO, 2024
CEO → President & CEO, 2025
On filings since 2020
20 hrs/week
$210K (2020) → $226K (2025)
Alex P. Gilbert
Chair
Vice Chair → Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
Christopher Mazurek
Director of Projects & Facilities
New on the 2025 filing
32 hrs/week
$103K (2025)
Brian C. Gornick
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Charles E. Phillips Jr.
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Daniel J. Schnepf
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Edward R. Jayne II
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Eugene A. Lupia
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Gregg C. Popovich
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
J. Scott Kirby
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Jack N. Kucera
Board of Director
Chair → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Jerome V. Bruni
Board of Director
Treasurer → Director, 2024
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
John D. Childs
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
John H. Martinson
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
John M. Fox
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
John W. Martin Jr.
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Leonard C. Ekman
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Mark A. Welsh III
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Matthew J. Kuta
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Paul G. Kaminski
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Paul Rossetti
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Paul S. Madera
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Richard D. McConn
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Sarah J. Saxer Marshall
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Terrence O'Donnell
Board of Director
Executive Committee → Director, 2024
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Thomas A. Stein
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
William E. Wecker
Board of Director
Director → Board of Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Alexander F. Granados
Board of Director
Director → Board of Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Bradley C. Hosmer
Board of Director
Director → Board of Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Norton A. Schwartz
Board of Director
Director → Board of Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Rod R. Little
Board of Director
Director → Board of Director, 2025
On filings since 2021
1 hr/week
No compensation reported
David J. Strobel
Board of Director
Director → Board of Director, 2025
On filings since 2022
1 hr/week
No compensation reported
Evan M. Dadosky
Board of Director
Director → Board of Director, 2025
On filings since 2022
1 hr/week
No compensation reported
Elizabeth D. Ferrill
Board of Director
Director → Board of Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Jesung Kim
Board of Director
Director → Board of Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Louis W. Bremer
Board of Director
Director → Board of Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Patrick M. Nesbitt
Board of Director
Director → Board of Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Paul Capon
Board of Director
Director → Board of Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Bradley M. Meissen
Board of Director
Director → Board of Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Kevin O'Neil
Board of Director
Director → Board of Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Terrence J. O'Shaughnessy
Board of Director
Director → Board of Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Vincent P. Reyna
Board of Director
Director → Board of Director, 2025
On filings since 2024
1 hr/week
No compensation reported
William A. Jones Jr.
Board of Director
Director → Board of Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Benjamin A. Moe
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Brian Cherry
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Christina M. Quillen Agnew
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
David Yost
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Jamesina S. Toogood
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Matthew C. Stewart
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Matthew Young
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Michael Lambert
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Michael Leahy
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Ted E. Legasey
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Wes Stowers Jr.
Board of Director
New on the 2025 filing
1 hr/week
No compensation reported
Kelly Banet
Executive Vice President of Development
Senior Vice President → Executive Vice President of Development, 2024
On filings since 2022
38 hrs/week
$159K (2022) → $223K (2025)
Katie Willemark
CFO
Chief Financial Officer → CFO, 2024
On filings since 2023
20 hrs/week
$190K (2023) → $128K (2025)
Megan Myers
Assistant Vice President of Develoment
New on the 2025 filing
39 hrs/week
$113K (2025)
April Sullivan Fitzgerald
Member at Large
Secretary → Director, 2024
Director → Member at Large, 2025
On filings since 2019
1 hr/week
No compensation reported
Gilbert D. Mook
Emeritus Director
Director → Emeritus Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Hugh H. Williamson
Emeritus Director
Director → Emeritus Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Jeffrey M. Frient
Treasurer
Director → Treasurer, 2024
On filings since 2019
1 hr/week
No compensation reported
Leslie G. Denend
Emeritus Director
Director → Emeritus Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Max F. James
Emeritus Director
Director → Emeritus Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Terrance M. Drabant
Emeritus Director
Advisor to Executive Committee → Director, 2024
Director → Emeritus Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Stephen S. Macleod
Secretary
Director → Secretary, 2024
On filings since 2021
1 hr/week
No compensation reported
Stephen M. Dickson
Vice Chair
Director → Vice Chair, 2024
On filings since 2022
1 hr/week
No compensation reported
Bart Holaday
Emeritus Director
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (44)
- Former: A Bart Holaday (2019–2024) — Director
- Former: Alexander P Gilbert (2019–2024) — Chair
- Former: Dana H Born (2019–2024) — Director
- Former: Edward E Legasey (2019–2024) — Director
- Former: H Michael Lambert (2019–2024) — Director
- Former: Harry J Pearce (2019–2024) — Director
- Former: P Michael Leahy (2019–2024) — Director
- Former: R David Yost (2019–2024) — Director
- Former: William Clohan (2019–2024) — Director
- Former: John N Kucera (2021–2024) — Director
- Former: William J Hybl (2021–2024) — Director
- Former: Dale Zschoche (2022–2024) — Assistant Vice President for Development
- Former: Vincent Greco (2022–2024) — Assistant Vice President Philanthropic
- Former: Harry W Stowers (2024) — Director
- Former: A. Tanner Doss (2019–2023) — Director
- Former: Cheryl L Shavers (2019–2023) — Director
- Former: Christopher Brewer (2019–2023) — Vice President & Development
- Former: Dennis W. Scruggs (2019–2023) — Executive Vice President
- Former: Edward G Reisdorf (2019–2023) — Director
- Former: H Wesley Stowers (2019–2023) — Director
- Former: John F Olive (2019–2023) — Director
- Former: Michael C. Gould (2019–2023) — Chief Executive Officer
- Former: Ralph E. Eberhart (2019–2023) — Director
- Former: Rashad E. Howard (2020–2023) — Director
- Former: Wyatt Hornsby (2022–2023) — Vice President & Communications
- Former: ALEXander P GILBERT Chairfrom (2023) — Vice Chair
- Former: STEPHEN M DICKSON Dir to (2023) — Vice Chair
- Former: Jonathan M Keyser (2019–2022) — Director
- Former: Richard T. Schlosberg III (2020–2022) — Director
- Former: Roger Smith (2021–2022) — Vice President & Stewardship
- Former: Brian Campbell (2022) — Executive Director & Development
- Former: Paul Ackerman (2022) — Vice President, Academy & Committee
- Former: Gregory C. Knedler (2019–2021) — Vice President, Class & Consti
- Former: Brad Hosmer (2019–2020) — Director
- Former: Ervin J. Rokke (2019–2020) — Director
- Former: Jermaine Johnson (2019–2020) — Vice President
- Former: Michael P. Ross (2019–2020) — Director
- Former: Stephen R. Lorenz (2019–2020) — Director
- Former: Steve Macleod (2019–2020) — Director
- Former: Timothy J. Fyda (2019–2020) — Director
- Former: Wayne Whalen (2019–2020) — Director
- Former: Matthew J. Carpenter (2020) — Director
- Former: Jennifer Bateman (2019) — Former Vice President & Development
- Former: Richard T. Schlosberg I. (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $226K, to Mark D Hille (President & CEO). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Air Force Academy Foundation
How much does Air Force Academy Foundation give each year?
Air Force Academy Foundation gave $8.0M across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $33.6M across 5 grants.
What is Air Force Academy Foundation's typical grant size?
Air Force Academy Foundation's median grant in 2025 was $314,317, and its average grant was $1,140,032, across 7 grants on its 2025 IRS Form 990.
Where does Air Force Academy Foundation give grants?
Air Force Academy Foundation gives mostly in Colorado: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Usafa, CO (5 grants) and Colorado Springs, CO (2 grants).
Does Air Force Academy Foundation give general operating support?
Yes: 86% of Air Force Academy Foundation's 2025 grants with a stated purpose (6 of 7) were for general or operating support, per its 2025 IRS Form 990.
Who are Air Force Academy Foundation's largest grantees?
Air Force Academy Foundation's largest 2025 grantees include US Treasury ($6,404,995), Association of Graduates ($549,679) and Air Force Academy Athletic Association ($512,662), according to its 2025 IRS Form 990. Together they received 94% of its itemized 2025 grant dollars.
How large is Air Force Academy Foundation?
Air Force Academy Foundation reported $191.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $35.1M.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS August 13, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 31, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
Explore Open Grants
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Air Force Academy Foundation down — hundreds of funders to go?