Arkansas State University System Foundation Inc
The primary purpose of the Arkansas State University System Foundation, inc. (the foundation) is to receive, solicit, accept and hold, administer, invest and disburse any and every kind of property for such education, scientific, literary, research and service activities from individuals and organizations, including foundations, government agencies, and private businesses, to support the corporation's activities, and it shall manage endowments given to the corporation for the benefit of all the Arkansas state university system campuses operations, sites and facilities.
Arkansas State University System Foundation Inc at a glance
In short: Arkansas State University System Foundation Inc gave $10.7M across 7 grants in 2025 (avg $1.5M), mostly in Arkansas. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $10,716,010
- +148.0% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $1,530,859
- +148.0% vs 2024
- Median grant
- $103,715
- Total assets
- $191,760,441
- +14.5% vs 2024
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Arkansas State University System Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Arkansas State University - Jonesboro ($9.9M). Together the top 6 received $10.3M.
Organizations only. It also paid 1 grant to individuals ($393,887), which are not listed by name.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was in the $100–250K range: 10 grants of 35 (29%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Arkansas State University System Foundation Inc gives
- Giving grew 157% 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 $2.7M (2020) to $10.7M (2025). In 2025 it made 7 grants totaling $10.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arkansas State University - Jonesboro Jonesboro, AR | To provide support to Arkansas state university - jonesboro | $9,870,275 |
| 1 grant to individuals Recipients not named | — | $393,887 |
| Arkansas State University Three Rivers Malvern, AR | Educational Institution | $125,808 |
| Arkansas State University - Newport Newport, AR | To provide support to Arkansas state university - newport | $103,715 |
| Arkansas State University - Beebe Beebe, AR | To provide support to Arkansas state university - beebe | $101,803 |
| Arkansas State University Alumni Association Inc Jonesboro, AR | To provide support to Arkansas state university alumni association, inc. | $82,212 |
| Arkansas State University Red Wolves Foundation Inc Jonesboro, AR | To provide support to Arkansas state university red wolves foundation, inc. | $38,310 |
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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 | $191,760,441 | $32,061,294 | $14,808,782 | $10,716,010 | 7 | $12,555,212 |
| 2024 | $167,464,277 | $39,409,489 | $8,270,123 | $4,321,269 | 7 | $6,464,182 |
| 2023 | $129,583,231 | $10,187,918 | $10,145,082 | $7,093,505 | 7 | $2,595,659 |
| 2022 | $121,901,814 | $12,203,394 | $7,097,922 | $4,175,441 | 7 | $5,470,477 |
| 2021 | $136,091,446 | $17,531,614 | $5,429,952 | $2,989,712 | 7 | $4,964,128 |
| 2020 | $112,475,208 | $11,881,080 | $4,625,048 | $2,698,187 | 7 | $5,875,095 |
About Arkansas State University System Foundation Inc
Based on IRS filings
Arkansas State University System Foundation Inc is a public charity focused on Education, based in State University, AR. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $191.8M in total assets. In 2025, it awarded 7 grants totaling $10.7M. Net investment income was $12.6M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Arkansas State University System Foundation Inc is led by Nicole Frey, President on every filing since 2023; none of the 15 officers listed in 2025 report compensation.
Officers on the 2025 filing
Nicole Frey
President
On filings since 2023
1 hr/week
$23K (2023) → $0 (2025)
Charlotte Razer
Board Chair
Director → Board Vice Chair, 2022
Board Vice Chair → Board Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Jim Gowen Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Joe Miles
Director
On filings since 2020
1 hr/week
No compensation reported
Chris Vanlandingham
Director
On filings since 2021
1 hr/week
No compensation reported
Phillip Butterfield
Director
On filings since 2023
1 hr/week
No compensation reported
Scott White
Director
On filings since 2023
1 hr/week
No compensation reported
Sharon Davis
Director
On filings since 2023
1 hr/week
No compensation reported
Craig Walker
Director
On filings since 2024
1 hr/week
No compensation reported
Hugh Burge
Director
On filings since 2024
1 hr/week
No compensation reported
Melissa Livingston
Board Liason
On filings since 2020
1 hr/week
$44K (2021) → $0 (2025)
Philip Jackson
Former President
President → Former President, 2023
On filings since 2020
1 hr/week
$139K (2021) → $0 (2025)
David A. Pickler
Board Vice Chair
Director → Board Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Hazel Dickey
Immediate Past Chair
Board Vice Chair → Board Chair, 2022
Board Chair → Immediate Past Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Pam Kail
Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (8)
- Former: Judious Lewis (2020–2023) — Immediate Past Chair
- Former: Ness Sechrest (2020–2023) — Director
- Former: Chris Walker (2023) — Director
- Former: John E. Baine (2020–2022) — Director
- Former: Ken Bennett (2020–2022) — Director
- Former: Don Walsh (2021–2022) — Director
- Former: Doug Coy (2020–2021) — Immediate Past Chair
- Former: Charles Welch (2021) — Ex-Officio
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.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $149K, to Philip Jackson (Former President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Arkansas State University System Foundation Inc
How much does Arkansas State University System Foundation Inc give each year?
Arkansas State University System Foundation Inc gave $10.7M across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $4.3M across 7 grants.
What is Arkansas State University System Foundation Inc's typical grant size?
Arkansas State University System Foundation Inc's median grant in 2025 was $103,715, and its average grant was $1,530,859, across 7 grants on its 2025 IRS Form 990.
Where does Arkansas State University System Foundation Inc give grants?
Arkansas State University System Foundation Inc gives mostly in Arkansas: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Jonesboro, AR (3 grants).
Does Arkansas State University System Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Arkansas State University System Foundation Inc's 2025 IRS Form 990 were described as general or operating support.
Who are Arkansas State University System Foundation Inc's largest grantees?
Arkansas State University System Foundation Inc's largest 2025 grantees include Arkansas State University - Jonesboro ($9,870,275), Arkansas State University Three Rivers ($125,808) and Arkansas State University - Newport ($103,715), according to its 2025 IRS Form 990. It also paid 1 grant to individuals ($393,887), which are not listed by name. Together they received 94% of its itemized 2025 grant dollars.
How large is Arkansas State University System Foundation Inc?
Arkansas State University System Foundation Inc reported $191.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $32.1M.
What is Arkansas State University System Foundation Inc?
Arkansas State University System Foundation Inc is a public charity focused on Education, based in State University, AR. It holds $191.8M in total assets as of 2025.
What is Arkansas State University System Foundation Inc's EIN?
Arkansas State University System Foundation Inc's EIN (Employer Identification Number) is 71-0489924. 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 May 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 1, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Arkansas State University System Foundation Inc funds
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