Alcorn State University Foundation Inc
The foundation is a non-profit organzation that aids the university in promoting and cultural welfare, developing and expanding facilities, and facilitating studies, research, and other academic persuits.
Alcorn State University Foundation Inc at a glance
In short: Alcorn State University Foundation Inc gave $2.6M across 1 grant in 2024 (avg $2.6M), mostly in Mississippi. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $2,570,150
- +66.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,570,150
- +66.4% vs 2023
- Median grant
- $2,570,150
- Total assets
- $60,099,539
- +6.5% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Alcorn State University Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Alcorn State University ($2.6M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $393K (2020) to $2.6M (2024). In 2024 it made 1 grant totaling $2.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Alcorn State University Lorman, MS | Support of University Administration, Academics, and Athletics | $2,570,150 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $60,099,539 | $5,218,970 | $4,177,858 | $2,570,150 | 1 | $1,854,402 |
| 2023 | $56,421,072 | $5,446,055 | $2,593,449 | $1,544,819 | 1 | $1,609,414 |
| 2022 | $56,611,434 | $5,334,604 | $1,805,556 | $956,817 | 1 | $164 |
| 2020 | $50,539,008 | $27,759,787 | $1,862,607 | $392,789 | 1 | $799,151 |
About Alcorn State University Foundation Inc
Based on IRS filings
Alcorn State University Foundation Inc is a public charity focused on Education, based in Lorman, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $60.1M in total assets. In 2024, it awarded 1 grant totaling $2.6M. Net investment income was $1.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Alcorn State University Foundation Inc is led by Dennis Thomas, Chairperson on every filing since 2022; none of the 16 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dennis Thomas
Chairperson
On filings since 2022
1 hr/week
No compensation reported
Anthony Newman
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Charlie Bridges
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Jesse E. McGee
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Nathaniel Hughes
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Robert D. Gage IV
Director
Chairman → Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Wilbert L. Jones
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Densel Fleming
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Lauren B. Middleton
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Mike McCormick
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Orpheus Triplett
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Zakiya Nicks
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Carla Kirkland
Vice Chairperson
Director → Vice Chairperson, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Marcus Ward
Executive Officio Member & Secretary
Executive Officio Member → Executive Officio Member & Secretary, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Tracy Cook
Executive Officio Member
On filings since 2022
0.5 hrs/week
No compensation reported
Shelby Wilkes Deseased
Treasurer
New on the 2024 filing
0.5 hrs/week
No compensation reported
Former officers (5)
- Former: Shelby Wilkes (2020–2023) — Treasuer
- Former: Anthony Tuggle (2020) — Director
- Former: Felecia Nave (2020) — Executive Officio Member
- Former: James Biglane (2020) — Vice Chairman
- Former: Jessica Hayes-Williams (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Alcorn State University Foundation Inc
How much does Alcorn State University Foundation Inc give each year?
Alcorn State University Foundation Inc gave $2.6M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.5M across 1 grant.
How large is Alcorn State University Foundation Inc?
Alcorn State University Foundation Inc reported $60.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $5.2M.
What is Alcorn State University Foundation Inc?
Alcorn State University Foundation Inc is a public charity focused on Education, based in Lorman, MS. It holds $60.1M in total assets as of 2024.
Where does Alcorn State University Foundation Inc operate?
Alcorn State University Foundation Inc has awarded grants in Mississippi.
What is Alcorn State University Foundation Inc's EIN?
Alcorn State University Foundation Inc's EIN (Employer Identification Number) is 64-0538018. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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