Folds of Honor Foundation is a 501(c)(3) charitable organization based in Owasso, Oklahoma, dedicated to providing educational scholarships to military families and first responders. Founded in 2007, the organization has grown to employ 96 staff members and operates with a mission centered on supporting those who serve the nation.
Key facts about Folds of Honor Foundation
- EIN
- 75-3240683
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $37,743,953
- Grants made (2024)
- 1,611
- Average grant
- $23,429
- Median grant
- $11,452
- Total assets
- $109,069,688
- Primary geography
- Texas (12% of itemized 2024 grant dollars)
- Next open deadline
- March 31, 2027 (Children's Fund Scholarship)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Folds of Honor Foundation funds
By grant dollars, the top recipient states for Folds of Honor Foundation's 1,611 itemized 2024 grants were Texas (12%), North Carolina (9%) and Florida (7%). The most frequent recipient cities were San Antonio, TX (28 grants), Fayetteville, NC (15 grants), Clarksville, TN (12 grants) and Virginia Beach, VA (12 grants). None of its 1,611 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (1610 grants).
How Folds of Honor Foundation gives
- Giving grew 60% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Folds of Honor Foundation
- How to evaluate Folds of Honor Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Folds of Honor Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$109.1M
+3.5% YoY
Annual Giving
$37.7M
+21.2% YoY
Grant Count
1,611
+80450.0% YoY
Avg Grant Size
$23K
-99.8% YoY
Mission & Focus Areas
Mission Statement: "Honor Their Sacrifice. Educate Their Legacy. Unite Americans Around All Those Who Serve."
The foundation provides life-changing educational scholarships to the spouses and dependent children of America's fallen or disabled military service members. As of 2022, the organization expanded its mission to include families of America's first responders.
Primary Focus:
- Educational scholarships for military families
- Support for first responder families
- Diversity in scholarship distribution (45% of all scholarships awarded represent minority recipients)
Grantmaking
The foundation awards scholarships through partnerships, including the Tulsa Community Foundation. In 2023, the organization distributed $30,651,656 in scholarships through the Tulsa Community Foundation.
Ready to take the next step with Folds of Honor Foundation?
Geographic Focus
Where this funder awards grants
The organization funds primarily in Texas, Georgia, and Florida, though its mission extends nationally to support military families and first responders across the United States.
Grant Distribution by State
Share of all 1,611 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary:
- Total Assets: $105,388,221
- Total Revenue: $63,841,969
- Total Expenses: $51,688,520
- Total Liabilities: $17,300,000
2024 Financial Summary:
- Total Assets: $109,069,688
Program Efficiency:
- 91% of annual expenses support scholarship programs
- 9% allocated to administrative and fundraising costs
- Cumulative average ratio of 91% of annual expenses supporting scholarship programs
Financial Management: The organization maintains a strong balance sheet with a 6-month cash reserve. The Finance Committee receives detailed monthly financial reports, and the organization plans for approximately $5 million in additional annual cash flow.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $109,069,688 | $105,388,221 | $87,120,626 |
| Revenue | $65,470,463 | $63,841,969 | $55,642,990 |
| Expenses | $62,718,422 | $51,688,520 | $46,972,258 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,242,317 | $1,783,665 | $574,836 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
1,617 grants across all recorded years
Open Grants
3 open opportunities from Folds of Honor Foundation
Children's Fund Scholarship
Folds of Honor Foundation
Amount
Up to $5,000 (max $2,500 per term, min $100)
Deadline
March 31, 2027
First Responder Scholarships
Folds of Honor Foundation
Amount
Up to $5,000 (max $2,500 per term, min $100)
Deadline
March 31, 2027
Military Scholarships
Folds of Honor Foundation
Amount
Up to $5,000 (max $2,500 per term, min $100)
Deadline
March 31, 2027
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Pga Foundation Inc DBA Pga Reach ($500,000), Texas A&M University - College Station ($406,184), University of Alabama - Tuscaloosa ($389,761).
| Recipient | Purpose | Amount |
|---|---|---|
| PGA FOUNDATION INC DBA PGA REACH Palm Beach Gardens, FL | HOPE MILITARY PROGRAM CONTRIBUTION | $500,000 |
| TEXAS A&M UNIVERSITY - COLLEGE STATION College Station, TX | SCHOLARSHIP | $406,184 |
| UNIVERSITY OF ALABAMA - TUSCALOOSA Tuscaloosa, AL | SCHOLARSHIP | $389,761 |
| OKLAHOMA STATE UNIVERSITY - STILLWATER Stillwater, OK | SCHOLARSHIP | $387,047 |
| UNIVERSITY OF OKLAHOMA - NORMAN Norman, OK | SCHOLARSHIP | $340,831 |
| LIBERTY UNIVERSITY Lynchburg, VA | SCHOLARSHIP | $325,217 |
| ST ANNE-PACELLI CATHOLIC SCHOOL Columbus, GA | SCHOLARSHIP | $312,500 |
| AUBURN UNIVERSITY - AUBURN Auburn, AL | SCHOLARSHIP | $304,868 |
| VIRGINIA TECH UNIVERSITY Blacksburg, VA | SCHOLARSHIP | $271,552 |
| FAYETTEVILLE CHRISTIAN SCHOOL Fayetteville, NC | SCHOLARSHIP | $261,311 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founder and CEO: Lt Col Dan Rooney (Oklahoma Air National Guard F-16 fighter pilot)
The organization maintains regular Board oversight, with Board meetings held four times per year where financial reviews are presented.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LT Colonel Dan Rooney | CEO & Founder | 40 | $475,455 |
| Dave North | Board Chair | 3 | — |
| Brian Whitcomb | Secretary/Nominating Chair | 3 | — |
| Mike Arbour | Board Member | 3 | — |
| Jeff Babineau | Board Member | 3 | — |
| Steven Haworth | Board Member | 3 | — |
| Ryan Lewellyn | Board Member | 3 | — |
| Nancy Lopez | Board Member | 3 | — |
| Scott Mueller | Board Member | 3 | — |
| Larry Pfeiffer | Board Member | 3 | — |
| Johnny Powers | Board Member | 3 | — |
| Jacqueline Rooney | Board Member | 3 | — |
| Dr John Rooney | Board Member | 3 | — |
| Chris Williams | Board Member | 3 | — |
| Terry Williams | Board Member | 3 | — |
| Nick Nichols | President | 40 | $274,949 |
| Ray Poudrier | CFO | 40 | $159,119 |
| Ben Leslie | Chief Development Officer | 40 | $286,216 |
| Larry Robinson | Chief Impact Officer | 40 | $244,336 |
| Glenn Greenspan | Director of Public Relations | 40 | $135,666 |
| Melanie K Bardin-Morrow | VP of Operations | 40 | $138,876 |
| Rodney Sickmann | Sr VP of Corp Acct | 40 | $187,805 |
| Sara Bush | Senior Director of Golf | 40 | $138,953 |
| Rebecca Cottrell | VP of Marketing | 40 | $120,932 |
Recent News & Activity
Recent developments and announcements
Announced a $1 million scholarship commitment with the New York City Police Department
Folds of Honor: Announces $1 million scholarship commitment | The FirstSet single-year academic scholarship distribution records in recent years
FOLDS OF HONOR SETS ANOTHER SINGLE-YEAR ACADEMIC SCHOLARSHIP DISTRIBUTIONContinues to expand scholarship awards annually, with 2024 financial statements showing sustained growth in assets and giving capacity
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Folds of Honor Foundation fund?
**Mission Statement:** "Honor Their Sacrifice. Educate Their Legacy. Unite Americans Around All Those Who Serve." The foundation provides life-changing educational scholarships to the spouses and dependent children of America's fallen or disabled military service members. As of 2022, the organization expanded its mission to include families of America's first responders. **Primary Focus:** • Educational scholarships for military families • Support for first responder families • Diversity in sch…
How do I apply for a grant from Folds of Honor Foundation?
**Grant Activity:** • As of 2025, Folds of Honor has awarded 73,000 educational scholarships totaling $340 million • As of December 31, 2023, approximately 52,000 scholarships had been awarded • Total giving in 2023: $41,565,143 **Grant Distribution:** The foundation awards scholarships through partnerships, including the Tulsa Community Foundation. In 2023, the organization distributed $30,651,656 in scholarships through the Tulsa Community Foundation. **Eligibility Requirements:** Scholarship…
Where does Folds of Honor Foundation make grants?
The organization funds primarily in Texas, Georgia, and Florida, though its mission extends nationally to support military families and first responders across the United States.
What size grants does Folds of Honor Foundation award?
In 2024, Folds of Honor Foundation awarded 1,611 grants totaling $37.7M — an average of about $23K per grant, based on its IRS Form 990 filings.
What is Folds of Honor Foundation's EIN?
Folds of Honor Foundation's EIN (Employer Identification Number) is 75-3240683. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Folds of Honor Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Tulsa Community Foundation
Tulsa, OK
Assets
$1.1B
Grants
1,066
Total Given
$158.6M
IBM International Foundation
Armonk, NY
Assets
$357.7M
Grants
16
Total Given
$11.7M
Oklahoma City Community Foundation Inc
Oklahoma City, OK
Assets
$1.1B
Grants
698
Total Given
$63.3M
The Anne and Henry Zarrow Foundation
Tulsa, OK
Assets
$281.0M
Grants
476
Total Given
$37.3M
George Kaiser Family Foundation
Tulsa, OK
Assets
$5.1B
Grants
383
Total Given
$99.9M
Inasmuch Foundation
Oklahoma City, OK
Assets
$409.7M
Grants
351
Total Given
$19.5M
Community Food Bank of Eastern
Tulsa, OK
Assets
$55.0M
Grants
297
Total Given
$40.7M
Communities Foundation of Oklahoma
Oklahoma City, OK
Assets
$204.0M
Grants
268
Total Given
$17.6M
One Gas Foundation Inc
Tulsa, OK
Assets
$32.7M
Grants
212
Total Given
$2.6M
Enterprise Holdings Foundation
Saint Louis, MO
Assets
—
Grants
9,499
Total Given
$73.1M
Verizon Foundation
Basking Ridge, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in Oklahoma
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.