James Madison University Foundation Inc
The James Madison University Foundation provides prudent investment policy and stewardship to sustain and grow financial support for the University, while collaborating with the University to create innovative avenues of giving and to meet critical funding initiatives.
James Madison University Foundation Inc at a glance
In short: James Madison University Foundation Inc gave $15.3M across 2 grants in 2025 (avg $7.6M), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $15,258,623
- -4.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $7,629,312
- -4.0% vs 2024
- Median grant
- $7,629,312
- Total assets
- $271,465,754
- +15.5% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who James Madison University Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was James Madison University ($15.2M). Together the top 2 received $15.3M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 9 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How James Madison University Foundation Inc gives
- Giving grew 54% 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 2019 to 2025, annual grant giving ranged from $9.9M (2022) to $17.1M (2023). In 2025 it made 2 grants totaling $15.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| James Madison University Harrisonburg, VA | Cash Grants: Scholarships - $9,824,947, Budget Recovery - $2,192,375, Salary Support - $3,062,449 and Capital Projects - $8,800. | $15,238,623 |
| James Madison Innovations Harrisonburg, VA | To support students within the micro-incubator program that will launch viable startup companies. | $20,000 |
Ready to take the next step with James Madison University Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $271,465,754 | $37,668,356 | $21,163,538 | $15,258,623 | 2 | $8,756,612 |
| 2024 | $234,955,587 | $48,716,381 | $21,309,809 | $15,889,490 | 2 | $23,977,018 |
| 2023 | $214,401,774 | $21,589,923 | $21,367,072 | $17,070,080 | 2 | $2,750,445 |
| 2022 | $205,939,528 | $37,424,979 | $13,507,617 | $9,893,204 | 1 | $12,388,371 |
| 2021 | $232,657,669 | $23,646,493 | $17,555,695 | $14,458,843 | 2 | $4,356,908 |
| 2020 | $191,139,680 | $18,508,438 | $15,831,670 | $12,532,411 | 2 | $2,456,466 |
| 2019 | $175,868,373 | $23,523,250 | $14,433,025 | $10,627,244 | 2 | $1,727,889 |
About James Madison University Foundation Inc
Based on IRS filings
James Madison University Foundation Inc is a public charity focused on Education, based in Harrisonburg, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $271.5M in total assets. In 2025, it awarded 2 grants totaling $15.3M. Net investment income was $8.8M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
James Madison University Foundation Inc is led by Warren K Coleman, CEO on every filing since 2019; 3 of 26 officers listed in 2025 are compensated.
Officers on the 2025 filing
Warren K Coleman
CEO
On filings since 2019
45 hrs/week
$114K (2019) → $253K (2025)
David S Kay
Chair
Trustee → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
A Jerry Benson
Trustee
On filings since 2019
1 hr/week
No compensation reported
Ellen W Meyer
Trustee
On filings since 2019
1 hr/week
No compensation reported
Enrico Gaglioti
Trustee
On filings since 2019
1 hr/week
No compensation reported
F Claiborne Johnston III
Trustee
On filings since 2019
1 hr/week
No compensation reported
James E Hartman
Trustee
On filings since 2019
1 hr/week
No compensation reported
James L Riley
Trustee
On filings since 2019
1 hr/week
No compensation reported
Jennifer E Shirkey
Trustee
On filings since 2019
1 hr/week
No compensation reported
Joseph K Funkhouser II
Trustee
On filings since 2019
1 hr/week
No compensation reported
Linda W Cross
Trustee
Vice Chair & Acting Chair → Chair, 2020
Chair → Trustee, 2022
On filings since 2019
1 hr/week
No compensation reported
Michael S Walden
Trustee
On filings since 2019
1 hr/week
No compensation reported
Nicholas L Langridge
Trustee & Ex-Officio
On filings since 2019
1 hr/week
No compensation reported
Darrel Branch
Trustee
On filings since 2020
1 hr/week
No compensation reported
Jarl Bliss
Trustee
On filings since 2021
1 hr/week
No compensation reported
Paul M Thompson
Trustee
On filings since 2021
1 hr/week
No compensation reported
Robin Reifsnider
Trustee
On filings since 2021
1 hr/week
No compensation reported
Heather Hedrick
Trustee
On filings since 2022
1 hr/week
No compensation reported
J Barry Purcell III
Trustee
Chair → Trustee, 2024
On filings since 2022
1 hr/week
No compensation reported
Owen Wilson
Trustee
On filings since 2022
1 hr/week
No compensation reported
Towana H Moore
Trustee & Ex-Officio
On filings since 2022
1 hr/week
No compensation reported
John Alouf
Trustee
On filings since 2023
1 hr/week
No compensation reported
Curtis Pulliam
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Cheryl L Lindsay
Vice President & Chief Financial Officer
On filings since 2019
40 hrs/week
$104K (2019) → $146K (2025)
Tammy KC Balser
Secretary & Senior Acctg Manager - Operations
On filings since 2019
39 hrs/week
$76K (2019) → $101K (2025)
Jon Offley
Vice Chair
Trustee → Vice Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Former officers (8)
- Former: Ronald C Devine (2019–2023) — Trustee
- Former: Spencer R Stouffer II (2019–2022) — Trustee
- Former: Charles W King Jr. (2019–2021) — Trustee & Ex-Officio
- Former: John Barry Purcell III (2019–2021) — Vice Chair
- Former: Christine W Johnson (2019–2020) — Trustee
- Former: Jeffrey E Tickle (2019–2020) — Trustee
- Former: Larry W Caudle Jr. (2019–2020) — Trustee
- Former: W Cliff Wood Jr. (2019) — Former Vice Chair & Acting Chair
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $253K, to Warren K Coleman (CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about James Madison University Foundation Inc
How much does James Madison University Foundation Inc give each year?
James Madison University Foundation Inc gave $15.3M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $15.9M across 2 grants.
How large is James Madison University Foundation Inc?
James Madison University Foundation Inc reported $271.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $37.7M.
What is James Madison University Foundation Inc?
James Madison University Foundation Inc is a public charity focused on Education, based in Harrisonburg, VA. It holds $271.5M in total assets as of 2025.
Where does James Madison University Foundation Inc operate?
James Madison University Foundation Inc has awarded grants in Virginia.
What is James Madison University Foundation Inc's EIN?
James Madison University Foundation Inc's EIN (Employer Identification Number) is 23-7156305. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS March 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 2, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 19, 2024)
- Added Form 990 for fiscal year 2019 (received by the IRS April 28, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work James Madison University Foundation Inc funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in James Madison University Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Virginia Grim Tuw
Saint Louis, MO
Virginia Grim Tuw funds scholarships for students, with recent grants ranging from $2,700 to $4,000; its 2024 filing says applicants must be residents of Winchester-Frederick or Clarke County, Virginia, and meet financial-need and GPA requirements. Recent grants went to recipients in Virginia, West Virginia, Tennessee, New York, and Ohio. The filing lists an online application, but does not explicitly state whether unsolicited requests are accepted.
Assets
$815K
Grants
12
Total Given
$40K
The Clementine Zacke Foundation
Palm City, FL
The Clementine Zacke Foundation supports church and hospice operations and programs, scholarships, and educational opportunities, primarily in Florida, with occasional grants in Georgia. Its 2025 grants totaled $52,000 across 13 awards, ranging from $400 to $26,000, though most were $1,000 scholarships; scholarship applicants must be graduates of a Martin County public high school. The 2024 filing says it does not limit giving to preselected organizations and describes an application process, but no current application cycle is specified.
Assets
$851K
Grants
13
Total Given
$52K
George R Hess Educational Fdn Tua
Saint Louis, MO
The George R. Hess Educational Foundation funds scholarships, with 2025 grants of $1,500–$2,500 and a median award of $2,000. It supports recipients through universities, with the largest share of recent grants going to Virginia and others across several states; its filing does not state whether it accepts unsolicited requests. Contact Center for Scholarship Admin for application materials and award restrictions; the listed deadline is February 15.
Assets
$425K
Grants
11
Total Given
$20K
Foulger Family Foundation Inc
Potomac, MD
The Foulger Family Foundation funds charitable organizations and education scholarships, with 2025 grants ranging from $754 to $133,000 and a median of $37,500. Its giving is concentrated in Maryland, Utah, Washington, DC, Massachusetts, and California, with some grants elsewhere. It accepts applications for eligible students pursuing education at BYU, Ricks University, or another qualifying institution; applicants must request the application in writing, and the profile does not state whether it accepts unsolicited requests for organizational grants.
Assets
$15.5M
Grants
14
Total Given
$795K
Om and Saraswati Bahethi Foundation USA Inc
Vienna, VA
The foundation funds scholarships for gifted students pursuing postsecondary STEM studies and science and math education programs at qualifying institutions. Its 2024 grants ranged from $750 to $12,192, with a median of $2,000, and went mainly to organizations in Virginia, with grants also reaching several other states. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$483K
Grants
16
Total Given
$56K
John & Ardell Brumit Educational Trust
Buffalo, NY
Assets
$1.0M
Grants
3
Total Given
$54K
More similar funders
More Funders in Virginia
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from James Madison University Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
James Madison University Foundation Inc down — hundreds of funders to go?