Allegany College of Maryland
THE PURPOSE OF THE FOUNDATION IS TO ACCUMULATE, INVEST, REINVEST, AND EXPEND FUNDS, BY WAY OF ENDOWMENT OR OTHERWISE; TO USE EITHER THE PRINCIPAL OR INCOME THEREOF FOR SCHOLARSHIPS OR FOR SPECIAL PROGRAMS OR PROJECTS; AND TO FOSTER, ENCOURAGE, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF ALLEGANY COLLEGE OF MARYLAND.
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$28.8M
+7.8% YoY
Annual Giving
$97K
-38.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$97K
-38.0% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $28,811,621 | $26,725,463 | $24,680,526 |
| Revenue | $5,739,548 | $4,756,028 | $3,830,306 |
| Expenses | $3,346,171 | $3,470,479 | $3,536,439 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,314,978 | $1,212,427 | $733,944 |
| 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 2025
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Allegany College of Maryland fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AARON W HENDRICKSON | DIRECTOR | — | — |
| AMANDA RUTHENBERG | DIRECTOR | — | — |
| BERNICE A FRIEDLAND | DIRECTOR | — | — |
| CARL O BELT JR | VICE PRESIDENT | — | — |
| CHRIS MATHEWS | DIRECTOR | — | — |
| DAVID N AYDELOTTE SR | DIRECTOR | — | — |
| DESTINEE FRANKENBERRY | DIRECTOR | — | — |
| DR AUDIE G KLINGLER | PRESIDENT | — | — |
| ELAINE K SOLOMON | SECRETARY | — | — |
| GEORGE W LAPP JR | DIRECTOR | — | — |
| J FREDERICK SHARER | DIRECTOR | — | — |
| JOHN J MCMULLEN | DIRECTOR | — | — |
| JOHN R SMYTH JR | DIRECTOR | — | — |
| JONATHAN M DAYTON | DIRECTOR | — | — |
| JULI R MCCOY | DIRECTOR | — | — |
| MARY ANN D MOEN | DIRECTOR | — | — |
| MATT MILLER | DIRECTOR | — | — |
| MICHAEL W KERNS | DIRECTOR | — | — |
| ROBERT E HELTZEL | DIRECTOR | — | — |
| ROBERT J MARTIN JR | TREASURER | — | — |
| ROBERT J SMITH | DIRECTOR | — | — |
| DAVID R JONES | EXECUTIVE DIRECTOR | 5 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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