Our mission is to optimize sustainable support for Ball State University by obtaining, investing, and managing private gifts wisely while fulfilling our fiduciary responsibilities to Donors, the University, and designated beneficiaries. The Ball State University Foundation will continue to support the University's mission by maintaining its reputation as an institution of excellence while fostering a culture of philanthropy, service, volunteer leadership, and exemplary fiduciary responsibility.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$413.6M
+20.4% YoY
Annual Giving
$18.7M
+31.4% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$9.3M
+31.4% YoY
About Ball State University Foundation Inc
Based on IRS filings
Ball State University Foundation Inc is a nonprofit organization focused on Education, based in MUNCIE, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $413.6M in total assets. In 2024, it awarded 2 grants totaling $18.7M. Net investment income was $1.2M.
Focus Areas
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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 | $413,594,191 | $343,394,231 | $327,636,932 |
| Revenue | $66,942,172 | $20,014,598 | $39,102,530 |
| Expenses | $30,249,612 | $24,909,610 | $25,599,448 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,238,078 | $-8,570 | $2,770,407 |
| 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 2 recipients in 2024
Grant Size Distribution
10 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 |
|---|---|---|---|
| DAVID W HEETER | SECRETARY | 1 | — |
| GEOFFREY MEARNS | EX-OFFICIO VICE CHAIR & PRES. | 1 | — |
| JEAN KRAMER CROSBY | PRESIDENT | 51 | $270,572 |
| MARLA K TEMPLETON | IMMEDIATE PAST CHAIR | 1 | — |
| MICHAEL C RAY | CHAIR | 1 | — |
| PATRICK J ALDERICE | CHAIR ELECT | 1 | — |
| ALAN FINN | VP OF FINANCE & TREASURER | 1 | — |
| BENTE M WEITEKAMP | BOARD MEMBER | 1 | — |
| BETSY M ROSS | BOARD MEMBER | 1 | — |
| CHARLES A BARTH | BOARD MEMBER | 1 | — |
| DAMITA J WILLIAMS | BOARD MEMBER | 1 | — |
| DANIEL J TOWRISS | BOARD MEMBER | 1 | — |
| DONALD D DUMOULIN II | BOARD MEMBER | 1 | — |
| DWIGHT D SMITH | BOARD MEMBER | 1 | — |
| E RENAE CONLEY | BOARD MEMBER | 1 | — |
| ERIC J FOSS | BOARD MEMBER | 1 | — |
| HENRY HALL | BOARD MEMBER | 1 | — |
| JAMES R WILLIAMS | BOARD MEMBER | 1 | — |
| JILL S LACY | BOARD MEMBER | 1 | — |
| JO ANN M GORA | BOARD MEMBER | 1 | — |
| JULIE K GRIFFITH | BOARD MEMBER | 1 | — |
| KATHERINE A ARBUCKLE | BOARD MEMBER | 1 | — |
| KATHERINE M DOERKSEN | BOARD MEMBER | 1 | — |
| KEITH A ROBINSON | BOARD MEMBER | 1 | — |
| KELLI A LAWRENCE | BOARD MEMBER | 1 | — |
| KYLE J WILLIAMS | BOARD MEMBER | 1 | — |
| MARSHA J CASEY | BOARD MEMBER | 1 | — |
| MICHAEL D MCDANIEL | BOARD MEMBER | 1 | — |
| MICHAEL E EARLEY | BOARD MEMBER | 1 | — |
| MICHELLE A RYAN | BOARD MEMBER | 1 | — |
| RANDY D PHILLIPS | BOARD MEMBER | 1 | — |
| RICHARD J HALL | BOARD MEMBER | 1 | — |
| ROBERT S KASPAR | BOARD MEMBER | 1 | — |
| SHERI L KENDALL | BOARD MEMBER | 1 | — |
| THOMAS B BRYAN | BOARD MEMBER | 1 | — |
| TIMOTHY M ANDREWS | BOARD MEMBER | 1 | — |
| VINCE M BERTRAM | BOARD MEMBER | 1 | — |
| W CRAIG DOBBS | BOARD MEMBER | 1 | — |
| BETH ALEXANDER | ASSISTANT SECRETARY | 51 | $101,669 |
| STEPHEN WACHTMANN | AVP OF FINANCE & TREASURER | 51 | $166,597 |
| CARMELLA HISE | AVP FOR DEVELOPMENT | 51 | $139,810 |
| DAVID MARK HELMUS | CHIEF ADVANCEMENT OFFICER | 51 | $219,153 |
| DONALD RAY ALLEN | VP OF DEVELOPMENT | 51 | $208,035 |
| LOLA MAUER | AVP FOR ALUMNI ENGAGEMENT | 51 | $162,880 |
| MARY SERINE | SR EXEC DIR OF ADVANCEMENT | 51 | $107,354 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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