The principle purpose of Foundation Properties, Inc. shall be to promote the cause of higher education at Columbus State University, a unit of the University System of Georgia located in Columbus, GA, specifically through the management of real property affiliated with the University, holding real property for future development by the University and holding investment property for the benefit of the University.
Key facts about Foundation Properties Inc
In short: Foundation Properties Inc gave $22K across 1 grant in 2025 (avg $22K), mostly in Georgia. Source: 2025 IRS Form 990.
- EIN
- 58-1940977
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $22,469
- Grants made (2025)
- 1
- Average grant
- $22,469
- Median grant
- $22,469
- Total assets
- $38,199,194
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$38.2M
+0.9% YoY
Annual Giving
$22K
-20.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$22K
-20.1% YoY
How Foundation Properties Inc gives
- Giving grew 23% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Foundation Properties Inc
Based on IRS filings
Foundation Properties Inc is a nonprofit organization focused on Education, based in Columbus, GA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $38.2M in total assets. In 2025, it awarded 1 grant totaling $22K. Net investment income was $968K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbus State Univerity Columbus, GA | Scholarships | $22,469 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $38,199,194 | $37,846,619 | $66,174,355 |
| Revenue | $4,075,127 | $595,589 | $5,430,634 |
| Expenses | $2,408,847 | $4,299,058 | $4,688,225 |
| Net Investment Income | $968,095 | $-3,343,318 | $-132,803 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 28, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 7, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 16, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 10, 2026)
Leadership & Key People
Officers and directors from IRS filings
Foundation Properties Inc is led by Stuart Rayfield, Csu President on every filing since 2024; none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Stuart Rayfield
Csu President
On filings since 2024
1 hr/week
No compensation reported
Todd Schuster
Chair
Treasurer → Vice Chair, 2021
Vice Chair → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Bill Reaves
Trustee
Chairman → Trustee, 2021
On filings since 2019
1 hr/week
No compensation reported
Mat Swift
Trustee
Vice Chair → Chairman, 2020
Chairman → Trustee, 2022
On filings since 2019
1 hr/week
No compensation reported
Wade Burford
Trustee
On filings since 2020
1 hr/week
No compensation reported
Will Peek
Trustee
On filings since 2023
1 hr/week
No compensation reported
Will White
Trustee
On filings since 2023
1 hr/week
No compensation reported
Brenda Williams
Trustee
On filings since 2024
1 hr/week
No compensation reported
Matt Prielozny
Trustee
On filings since 2024
1 hr/week
No compensation reported
Ron Thomas
Vice Chair
Secretary → Treasurer, 2023
Treasurer → Vice Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Janet Davis
Secretary
Trustee → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Pace Halter
Treasurer
Trustee → Treasurer, 2024
On filings since 2023
1 hr/week
No compensation reported
Former officers (10)
- Former: Rick Gordy (2019–2023) — Chairperson
- Former: John Fuchko (2023) — Trustee
- Former: Chris Shadburn (2019–2022) — Trustee
- Former: Jay Alexander (2019–2022) — Chairperson
- Former: Teddie Ussery (2021–2022) — Trustee
- Former: Russ Carreker (2022) — Ex-Officio Trustee
- Former: Christopher Markwood (2019–2021) — Ex-Officio Trustee
- Former: Emory Alexander (2019–2020) — Ex-Officio Trustee
- Former: Otis Scarborough (2019–2020) — Treasurer
- Former: James D Yancey (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Foundation Properties Inc
How much does Foundation Properties Inc give each year?
Foundation Properties Inc gave $22K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $28K across 1 grant.
How large is Foundation Properties Inc?
Foundation Properties Inc reported $38.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.1M.
What is Foundation Properties Inc?
Foundation Properties Inc is a nonprofit organization focused on Education, based in Columbus, GA. It holds $38.2M in total assets as of 2025.
Where does Foundation Properties Inc operate?
Foundation Properties Inc has awarded grants in Georgia.
What is Foundation Properties Inc's EIN?
Foundation Properties Inc's EIN (Employer Identification Number) is 58-1940977. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Foundation Properties Inc by hand.
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