Albany State University Foundation Inc
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.
Key facts about Albany State University Foundation Inc
In short: Albany State University Foundation Inc gave $2.6M across 1 grant in 2025 (avg $2.6M), mostly in Georgia. Source: 2025 IRS Form 990.
- EIN
- 23-7032763
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $2,611,532
- Grants made (2025)
- 1
- Average grant
- $2,611,532
- Median grant
- $2,611,532
- Total assets
- $11,561,234
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$11.6M
+13.6% YoY
Annual Giving
$2.6M
+278.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.6M
+278.5% YoY
How Albany State University Foundation Inc gives
- Giving grew 377% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Albany State University Foundation Inc
Based on IRS filings
Albany State University Foundation Inc is a public charity focused on public and societal benefit, based in Albany, GA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $11.6M in total assets. In 2025, it awarded 1 grant totaling $2.6M. Net investment income was $604K.
Focus Areas
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
Ready to take the next step with Albany State University Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $547K (2022) to $2.6M (2025). In 2025 it made 1 grant totaling $2.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Albany State University ($2.6M).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 6 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Albany State University Albany, GA | For University scholarship grants, general and athletic support | $2,611,532 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,561,234 | $10,178,685 | $8,733,142 |
| Revenue | $3,933,675 | $1,997,259 | $1,600,152 |
| Expenses | $3,037,524 | $907,416 | $1,304,892 |
| Net Investment Income | $604,376 | $388,295 | $156,682 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Albany State University Foundation Inc is led by Marion Federick, President of Asu & Outgoing since 2025 (on filings since 2021); none of the 16 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marion Federick
President of Asu & Outgoing
Ex-Officio Director & President Asu → President of Asu, 2024
President of Asu → President of Asu & Outgoing, 2025
On filings since 2021
1 hr/week
No compensation reported
Valerie Melton
Executive Director
On filings since 2023
1 hr/week
No compensation reported
Robert Scott
President of Asu & Incoming
New on the 2025 filing
1 hr/week
No compensation reported
Gregory Hylick
Chairman
Chairman → Chair, 2024
Chair → Chairman, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Bruce Melton
Secretary
On filings since 2021
0.5 hrs/week
No compensation reported
Daniel Simmons
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Graham Edwards
Board Member
Vice Chairman → Board Member, 2023
On filings since 2021
0.5 hrs/week
No compensation reported
Marvin Laster
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Rachelle Scott
Vice Chairman
Vice Chairman → Vice Chair, 2024
Vice Chair → Vice Chairman, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
TaKeshia Thomas
Treasurer
Board Member → Treasurer, 2023
On filings since 2021
0.5 hrs/week
No compensation reported
Virginia Harris
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Maria Boynton
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Mark Johnson
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Vinson Davis
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Virgil Adams
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Lawrence Drake III
Interim President of Asu
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (5)
- Former: Carolyn Jernigan-Glenn (2021–2024) — Board Member
- Former: Stan Brown (2021–2024) — Chief Financial Officer
- Former: AL Fleming (2021–2023) — Executive Director
- Former: Dale Bell (2021–2022) — Board Member
- Former: James Griffin (2021–2022) — Board Member
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Albany State University Foundation Inc
How much does Albany State University Foundation Inc give each year?
Albany State University Foundation Inc gave $2.6M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $690K across 1 grant.
How large is Albany State University Foundation Inc?
Albany State University Foundation Inc reported $11.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.9M.
What is Albany State University Foundation Inc?
Albany State University Foundation Inc is a public charity focused on public and societal benefit, based in Albany, GA. It holds $11.6M in total assets as of 2025.
Where does Albany State University Foundation Inc operate?
Albany State University Foundation Inc has awarded grants in Georgia.
What is Albany State University Foundation Inc's EIN?
Albany State University Foundation Inc's EIN (Employer Identification Number) is 23-7032763. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Albany State University Foundation Inc by hand.
Explore Open Grants
Browse active grant opportunities in Albany State University Foundation Inc's focus areas in our free grants database
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