Appalachian State University Foundation Inc
The Appalachian State University Foundation exists to support appalachian state university students, faculty, staff and community through the advancement of financial support, stewardship, growth of resources, and advocacy for the university's mission.
Appalachian State University Foundation Inc at a glance
In short: Appalachian State University Foundation Inc gave $27.3M across 4 grants in 2025 (avg $6.8M), mostly in North Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $27,342,907
- +2.9% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $6,835,727
- +2.9% vs 2024
- Median grant
- $7,322,687
- Total assets
- $265,065,463
- +10.3% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Appalachian State University Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Appalachian State University ($27.3M across 4 grants).
Grant Size Distribution
20 grants across all recorded years
The most common grant size was $5M or more: 10 grants of 20 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Appalachian State University Foundation Inc gives
- Giving grew 39% 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 2020 to 2025, annual grant giving ranged from $14.6M (2020) to $27.3M (2025). In 2025 it made 4 grants totaling $27.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Appalachian State University Boone, NC | Support for appalachian state university student athlete scholarships and programs. | $10,882,043 |
| Appalachian State University Boone, NC | Support for Appalachian State University Programs and Students. | $9,867,891 |
| Appalachian State University Boone, NC | Support for Appalachian State University Scholarships. | $4,777,482 |
| Appalachian State University Boone, NC | General Support | $1,815,491 |
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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 | $265,065,463 | $39,141,698 | $30,621,623 | $27,342,907 | 4 | $2,308,985 |
| 2024 | $240,354,589 | $32,111,137 | $29,705,857 | $26,577,532 | 4 | $2,000,566 |
| 2023 | $216,184,737 | $32,992,560 | $26,568,594 | $23,618,548 | 4 | $1,190,055 |
| 2022 | $211,346,628 | $32,803,152 | $22,692,301 | $19,675,545 | 4 | $1,279,079 |
| 2021 | $199,365,776 | $22,964,979 | $24,108,284 | $21,935,940 | 4 | $370,631 |
| 2020 | $159,413,962 | $18,404,104 | $17,579,431 | $14,624,147 | 4 | $-1,820,165 |
About Appalachian State University Foundation Inc
Based on IRS filings
Appalachian State University Foundation Inc is a public charity, based in Boone, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $265.1M in total assets. In 2025, it awarded 4 grants totaling $27.3M. Net investment income was $2.3M.
Leadership & Key People
Officers and directors from IRS filings
Appalachian State University Foundation Inc is led by Stephanie Lineberry Billings, Executive Director of Alumni Affairs since 2021 (on filings since 2020); none of the 26 officers listed in 2025 report compensation.
Officers on the 2025 filing
Stephanie Lineberry Billings
Executive Director of Alumni Affairs
Board Member → Executive Director of Alumni Affairs, 2021
On filings since 2020
30 hrs/week
No compensation reported
Harold Swaim
Executive Director of Donor Engageme
Executive Director of Donor Engageme → Executive Director of Donor Engagement, 2024
Executive Director of Donor Engagement → Executive Director of Donor Engageme, 2025
On filings since 2021
30 hrs/week
No compensation reported
William Sears
President
Senior Associate Vice Chancellor for → Acting President, 2024
Acting President → President, 2025
On filings since 2021
30 hrs/week
No compensation reported
Melinda Friddell
Senior Executive Director of Development
New on the 2025 filing
30 hrs/week
No compensation reported
Cantey Alexander
Board Chair
Board Member → Board Vice Chair, 2022
Board Vice Chair → Board Chair, 2024
On filings since 2020
3 hrs/week
No compensation reported
Chad Seigler
Board Secretary
Board Member → Board Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Clayton Christian
Assistant Vice Chancellor
Assistant Vice Chancellor → Assistant Vice Chancellor & Assistant Treasurer, 2021
Assistant Vice Chancellor & Assistant Treasurer → Assistant Vice Chancellor, 2022
On filings since 2020
30 hrs/week
No compensation reported
James Reeves
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jeannine Underwood Collins
Board Member
Secretary → Board Chair, 2022
Board Chair → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Kyler T. Ferguson
Board Member
On filings since 2020
1 hr/week
No compensation reported
Mark E. Ricks
Board Member
Board Member → Board Member - Executive Officio, 2021
Board Member - Executive Officio → Board Member, 2022
On filings since 2020
1 hr/week
No compensation reported
Sam H. Powers
Board Member
On filings since 2020
1 hr/week
No compensation reported
Bo Henderson
Board Member
On filings since 2022
1 hr/week
No compensation reported
Carolyn Schmalenberger
Board Vice Chair
Board Member → Board Vice Chair, 2024
On filings since 2022
3 hrs/week
No compensation reported
David Williams
Board Member
On filings since 2023
1 hr/week
No compensation reported
Dennis Covington
Board Treasurer
Board Member → Board Treasurer, 2025
On filings since 2023
3 hrs/week
No compensation reported
Kyle Allen
Gift Officer & Wcob
On filings since 2023
30 hrs/week
No compensation reported
Donna Fiori
Board Member
On filings since 2024
1 hr/week
No compensation reported
Heather Norris
Board Member
On filings since 2024
1 hr/week
No compensation reported
Irene Sawyer
Board Member
On filings since 2024
1 hr/week
No compensation reported
Jamie Harris
Board Member
On filings since 2024
1 hr/week
No compensation reported
Steve Wyatt
Board Member
On filings since 2024
1 hr/week
No compensation reported
Wyatt Dixon
Board Member
On filings since 2024
1 hr/week
No compensation reported
Brett Hoge
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Missy Harrill
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Pamela Hardin
Assistant Vice Chancellor of Gift Planning & Real E
New on the 2025 filing
30 hrs/week
No compensation reported
Former officers (42)
- Former: Jane Barghothi (2020–2024) — Former President
- Former: Phillip Ostwalt (2020–2024) — Board Treasurer
- Former: Sheri Everts (2020–2024) — Board Member
- Former: Dan Layzell (2023–2024) — Board Member
- Former: Geoff Graham (2020–2023) — Planned Giving Director
- Former: James E. Tolliver (2020–2023) — Board Secretary
- Former: Kimberly Shepherd (2020–2023) — Board Member
- Former: Scott K. Lampe (2020–2023) — Board Member
- Former: Stacie N. Walker (2020–2023) — Board Member
- Former: Tamela Evertt (2022–2023) — Board Member
- Former: Daphne W. Urquhart (2020–2022) — Board Member
- Former: Jeff Chesson (2020–2022) — Board Member
- Former: John M. Blackburn (2020–2022) — Board Member
- Former: Paul D. Forte (2020–2022) — Board Member
- Former: Danny Wilcox (2020–2021) — Board Member
- Former: Fairley B. Cook (2020–2021) — Chair
- Former: John Bailey (2020–2021) — Board Member
- Former: J. Cantey Alexander (2021) — Board Member
- Former: Kim M. Shepherd (2021) — Vice Chair - Executive Officio
- Former: Phil D. Ostwalt (2021) — Treasurer
- Former: Alicia Farrer (2020) — Board Member
- Former: Avery B. Hall (2020) — Board Member
- Former: Bixby Ogden Stewart (2020) — Board Member
- Former: Bryan Haas (2020) — Board Member
- Former: Carolyn Jordan Clark (2020) — Board Member
- Former: Charlene Johnson (2020) — Board Member
- Former: Charlene Wood Foley (2020) — Board Member
- Former: Christy Barrick Holden (2020) — Board Member
- Former: David Lance (2020) — Interim CFO
- Former: H. Allen Lockwood Jr. (2020) — Board Member
- Former: Hunter Widener (2020) — Board Member
- Former: Jeff D. Merritt (2020) — Board Member
- Former: Karen Main (2020) — Director of Foundation Accounting
- Former: Kathryn Blanchard (2020) — Board Member
- Former: Kimberly Jones Green (2020) — Board Member
- Former: Laura Crandall (2020) — CFO
- Former: Livian Lawrence Jones (2020) — Board Member
- Former: Paul L. Kizakevich (2020) — Board Member
- Former: Randy Edwards (2020) — President
- Former: Steven C. Price (2020) — Board Member
- Former: Tasse Alexander Little (2020) — Board Member
- Former: Ted Chandler Jr. (2020) — Board Member
Data from IRS Form 990 filings, 2020–2025. "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 Appalachian State University Foundation Inc
How much does Appalachian State University Foundation Inc give each year?
Appalachian State University Foundation Inc gave $27.3M across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $26.6M across 4 grants.
What is Appalachian State University Foundation Inc's typical grant size?
Appalachian State University Foundation Inc's median grant in 2025 was $7,322,687, and its average grant was $6,835,727, across 4 grants on its 2025 IRS Form 990.
Where does Appalachian State University Foundation Inc give grants?
Appalachian State University Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Boone, NC (4 grants).
Does Appalachian State University Foundation Inc give general operating support?
Yes: 25% of Appalachian State University Foundation Inc's 2025 grants with a stated purpose (1 of 4) were for general or operating support, per its 2025 IRS Form 990.
How large is Appalachian State University Foundation Inc?
Appalachian State University Foundation Inc reported $265.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $39.1M.
What is Appalachian State University Foundation Inc's EIN?
Appalachian State University Foundation Inc's EIN (Employer Identification Number) is 23-7099379. IRS Form 990 filing data is available on this page for 2020–2025.
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 2020 (received by the IRS April 2, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 28, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 31, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS January 30, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 27, 2026)
- IRS filings on file for fiscal years 2020–2025
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