Appalachian State University
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$240.4M
+11.2% YoY
Annual Giving
$26.2M
+13.8% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$6.5M
+13.8% YoY
About Appalachian State University
Based on IRS filings
Appalachian State University is a nonprofit organization, based in BOONE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $240.4M in total assets. In 2024, it awarded 4 grants totaling $26.2M. Net investment income was $2.0M.
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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 | $240,354,589 | $216,184,737 | $211,346,628 |
| Revenue | $32,111,137 | $32,992,560 | $32,803,152 |
| Expenses | $29,705,857 | $26,568,594 | $22,692,301 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,000,566 | $1,190,055 | $1,279,079 |
| 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 4 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
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 |
|---|---|---|---|
| BO HENDERSON | BOARD MEMBER | 1 | — |
| CANTEY ALEXANDER | BOARD CHAIR | 3 | — |
| CAROLYN SCHMALENBERGER | BOARD VICE CHAIR | 3 | — |
| CHAD SEIGLER | BOARD SECRETARY | 3 | — |
| DAN LAYZELL | BOARD MEMBER | 1 | — |
| DAVID WILLIAMS | BOARD MEMBER | 1 | — |
| DENNIS COVINGTON | BOARD MEMBER | 1 | — |
| DONNA FIORI | BOARD MEMBER | 1 | — |
| IRENE SAWYER | BOARD MEMBER | 1 | — |
| JAMES REAVES | BOARD MEMBER | 1 | — |
| JAMIE HARRIS | BOARD MEMBER | 1 | — |
| JEANNINE UNDERDOWN COLLINS | BOARD MEMBER | 1 | — |
| KYLER FERGUSON | BOARD MEMBER | 1 | — |
| MARK RICKS | BOARD MEMBER | 1 | — |
| PHILLIP OSTWALT | BOARD TREASURER | 3 | — |
| SAM POWERS | BOARD MEMBER | 1 | — |
| SHERI EVERTS | BOARD MEMBER | 1 | — |
| STEVE WYATT | BOARD MEMBER | 1 | — |
| WILLIAM SEARS | ACTING PRESIDENT (AS OF 6/30/2024) | 30 | — |
| WYATT DIXON | BOARD MEMBER | 1 | — |
| HEATHER NORRIS | BOARD MEMBER | 1 | — |
| CLAYTON CHRISTIAN | ASSISTANT VICE CHANCELLOR | 30 | — |
| HAROLD SWAIM | EXECUTIVE DIRECTOR OF DONOR ENGAGEMENT | 30 | — |
| KYLE ALLEN | GIFT OFFICE, WCOB | 30 | — |
| STEPHANIE BILLINGS | EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS | 30 | — |
| JANE BARGHOTHI | FORMER PRESIDENT | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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