THE KENT STATE UNIVERSITY FOUNDATION PROVIDES LEADERSHIP, PRIVATE SECTOR FUNDING AND STEWARDSHIP OF GIFTS TO SUPPORT KENT STATE UNIVERSITY, MEET ITS NEEDS AND ACHIEVE ITS PRIORITES.
Key facts about Kent State University Foundation
In short: Kent State University Foundation gave $17.4M across 1 grant in 2025 (avg $17.4M), mostly in Ohio. Source: 2025 IRS Form 990 filing.
- EIN
- 34-6576307
- Latest 990 filing
- Form 990 filing, 2025
- Annual giving (2025)
- $17,412,751
- Grants made (2025)
- 1
- Average grant
- $17,412,751
- Median grant
- $17,412,751
- Total assets
- $365,185,422
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
Data from IRS Form 990 filing, 2025; updated September 2026.
Quick answers about Kent State University Foundation
How much does Kent State University Foundation give each year?
Kent State University Foundation gave $17.4M across 1 grant in 2025, according to its 2025 IRS Form 990 filing. In 2024 it gave $26.3M across 1 grant.
How Kent State University Foundation gives
- Giving grew 22% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Next steps with Kent State University Foundation
- How to evaluate Kent State University Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2025 IRS Form 990 filing · View filing
Total Assets
$365.2M
+9.5% YoY
Annual Giving
$17.4M
-33.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$17.4M
-33.9% YoY
About Kent State University Foundation
Based on IRS filings
Kent State University Foundation is a nonprofit organization focused on Education, based in Kent, OH. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $365.2M in total assets. In 2025, it awarded 1 grant totaling $17.4M. Net investment income was $3.1M.
Focus Areas
Ready to take the next step with Kent State University Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $365,185,422 | $333,642,018 | $315,802,364 |
| Revenue | $22,389,795 | $21,201,534 | $24,294,118 |
| Expenses | $21,243,566 | $30,127,232 | $28,135,064 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,079,589 | $2,711,824 | $4,146,410 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 |
|---|---|---|
| KENT STATE UNIVERSITY Kent, OH | PROGRAM SUPPORT | $17,412,751 |
Leadership & Key People
Officers and directors from IRS filings
Kent State University Foundation is led by Valoree Vargo, Chief Executive Officer since 2023 (on filings since 2021); none of the 37 officers listed in 2025 report compensation.
Officers on the 2025 filing
Valoree Vargo
Chief Executive Officer
Executive Director → Chief Executive Officer, 2023
On filings since 2021
2 hrs/week
No compensation reported
Michelle Thomas
Board Chair
Director → Board Chair Elect, 2022
Board Chair Elect → Board Chair, 2024
On filings since 2021
2 hrs/week
No compensation reported
Barry Fetterman
Director
On filings since 2021
1 hr/week
No compensation reported
Candice Hughes
Director
On filings since 2021
1 hr/week
No compensation reported
Cathy Hemming
Director
On filings since 2021
1 hr/week
No compensation reported
Dale Leppo
Director
On filings since 2021
1 hr/week
No compensation reported
Daniel Wolfe
Director
On filings since 2021
1 hr/week
No compensation reported
Diana Strongosky
Director
On filings since 2021
1 hr/week
No compensation reported
Gary Brahler
Director
On filings since 2021
1 hr/week
No compensation reported
Heather Cerbone
Director
On filings since 2021
1 hr/week
No compensation reported
John Elliot
Director
Board Chair → Immediate Past Chair, 2022
Immediate Past Chair → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
Lawrence Armstrong
Director
On filings since 2021
1 hr/week
No compensation reported
Mark Lucas
Director
On filings since 2021
1 hr/week
No compensation reported
Nora Jacobs
Director
Immediate Past Chair → Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Richard Frenchie
Director
On filings since 2021
1 hr/week
No compensation reported
Richard Krumel
Director
On filings since 2021
1 hr/week
No compensation reported
Rob Risman
Director
On filings since 2021
1 hr/week
No compensation reported
Robert Ross
Director
On filings since 2021
1 hr/week
No compensation reported
Scott McKinney
Director
On filings since 2021
1 hr/week
No compensation reported
Steffany Matticola Larkins
Director
On filings since 2021
1 hr/week
No compensation reported
Stephen Milkovich
Director
On filings since 2021
1 hr/week
No compensation reported
Timothy Eippert
Director
On filings since 2021
1 hr/week
No compensation reported
Todd Diacon
Director
On filings since 2021
1 hr/week
No compensation reported
Virginia Addicott
Director
On filings since 2021
1 hr/week
No compensation reported
Valerie Patton George
Director
On filings since 2022
1 hr/week
No compensation reported
Diane Petrella
Director
On filings since 2024
1 hr/week
No compensation reported
Roxia Boykin
Director
On filings since 2024
1 hr/week
No compensation reported
Vicki Haywood Doe
Director
On filings since 2024
1 hr/week
No compensation reported
Alexander Evans
Director
New on the 2025 filing
1 hr/week
No compensation reported
Andrea Gauding
Director
New on the 2025 filing
1 hr/week
No compensation reported
Christian Palich
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kenneth Grunley
Director
New on the 2025 filing
1 hr/week
No compensation reported
Greg Inna
Secretary
Director → Secretary, 2024
On filings since 2021
2 hrs/week
No compensation reported
Gregory Long
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
James Bailey
Board Chair Elect
Director → Board Chair Elect, 2024
On filings since 2021
2 hrs/week
No compensation reported
Jessica Vargo
Assistant Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Peter Holway
Immediate Past Chair
Board Chair Elect → Board Chair, 2022
Board Chair → Immediate Past Chair, 2024
On filings since 2021
2 hrs/week
No compensation reported
Former officers (12)
- Former: Raj Aggarwal (2021–2025) — Director · Filing note: Deceased
- Former: Judie Fall Lasser (2021–2024) — Director
- Former: Mark Polatajko (2021–2024) — Director
- Former: Melody Tankersley (2021–2024) — Director
- Former: Pamela Bobst (2023–2024) — Director
- Former: Barb Smith (2021–2023) — Director
- Former: Catherine Hackney (2021–2023) — Board Secretary
- Former: Edmund Cooke (2021–2023) — Director
- Former: Versie Johnson Mallard (2022–2023) — Director
- Former: Christina Bloebaum (2021) — Director
- Former: Margaret May (2021) — Director
- Former: Stuart Neidus (2021) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kent State University Foundation?
Kent State University Foundation is a nonprofit organization focused on Education, based in Kent, OH. It holds $365.2M in total assets as of 2025.
How large is Kent State University Foundation?
As of 2025, Kent State University Foundation holds $365.2M in total assets with $22.4M in annual revenue. It awarded 1 grant totaling $17.4M in 2025.
Where does Kent State University Foundation operate?
Kent State University Foundation has awarded grants in Ohio.
What is Kent State University Foundation's EIN?
Kent State University Foundation's EIN (Employer Identification Number) is 34-6576307. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990 filings.