The Albany State University Foundation, Inc. enhances the academic vision and priorities of ASU through its organized fundraising activities and funds management. The Foundation, a non-profit corporation, is governed by an elected Board of Trustees, whose members serve as advocates for the University and its colleges, schools and programs.Private support funds scholarships, eminent scholar chairs, professorships and the innovative programs that distinguish ASU as an exceptional institution. We know it is our generous donors who will sustain our tradition of academic excellence.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.2M
+16.6% YoY
Annual Giving
$690K
-37.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$690K
-37.5% YoY
About Albany State University Foundation Inc
Based on IRS filings
Albany State University Foundation Inc is a nonprofit organization focused on Public, Societal Benefit, based in ALBANY, GA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $10.2M in total assets. In 2024, it awarded 1 grants totaling $690K. Net investment income was $388K.
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 | $10,178,685 | $8,733,142 | $8,434,724 |
| Revenue | $1,997,259 | $1,600,152 | $1,919,573 |
| Expenses | $907,416 | $1,304,892 | $746,519 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $388,295 | $156,682 | $299,363 |
| 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 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Open Grants
2 open opportunities from Albany State University Foundation Inc
HBCU-UP Program (STEM Support Program)
Albany State University Foundation Inc
Amount
$1,000 total ($500 plus full room and board for summer + $500 educational allowance for fall registration)
Deadline
Rolling / Open
STEM Scholars Program (CLASS Scholarship)
Albany State University Foundation Inc
Amount
$10,000 per year for up to 4 years
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marion Fedrick | President of ASU | 1 | — |
| Valerie Melton | Executive Director | 20 | — |
| Gregory Hylick | Chair | — | — |
| Rachelle Scott | Vice Chair | — | — |
| TaKeshia Thomas | Treasurer | — | — |
| Bruce Melton | Secretary | — | — |
| Graham Edwards | Board Member | — | — |
| Daniel Simmons | Board Member | — | — |
| Carolyn Jernigan-Glenn | Board Member | — | — |
| Virginia Harris | Board Member | — | — |
| Marvin Laster | Board Member | — | — |
| Virgil Adams | Board Member | — | — |
| Vinson Davis | Board Member | — | — |
| Maria Boynton | Board Member | — | — |
| Mark Johnson | Board Member | — | — |
| Stan Brown | Chief Financial Officer | 40 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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