Cardinal Properties
CARDINAL PROPERTIES, INC. RECEIVES, HOLDS, MANAGES, AND DISPOSES OF REAL ESTATE, INTERESTS IN REAL ESTATE (INCLUDING CONSERVATION EASEMENTS), AND TANGIBLE AND INTANGIBLE PERSONAL PROPERTY FOR THE BENEFIT OF BALL STATE UNIVERSITY FOUNDATION.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$6.6M
-0.4% YoY
Annual Giving
—
-100.0% YoY
Grant Count
0
-100.0% YoY
Avg Grant Size
—
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,573,170 | $6,596,729 | $6,897,928 |
| Revenue | $492,197 | $731,471 | $343,385 |
| Expenses | $706,361 | $972,517 | $1,188,141 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-44,258 | $401 | $-254,314 |
| 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 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Cardinal Properties fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kenneth R Briner | Board Vice President | 1 | — |
| Randall E Pond | Board President | 1 | — |
| Stephen J Wachtmann | Board Secretary/Treasurer | 4 | — |
| Alan T Finn | Board Member | 1 | — |
| Donald Ray Allen | BOARD MEMBER (END 3/24) | 2 | — |
| Geoffrey S Mearns | Board Member | 1 | — |
| Gregory Zimmerman | Board Member | 1 | — |
| Jean Kramer Crosby | Board Member | 4 | — |
| Michael Ray | Ex Officio Board Member | 1 | — |
| Sundesh Shah | Board Member | 1 | — |
| William P Cooper | BOARD MEMBER (BEG 3/24) | 2 | — |
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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