Marshall University Foundation Incorporated
The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources.
Marshall University Foundation Incorporated at a glance
In short: Marshall University Foundation Incorporated gave $14.8M across 1 grant in 2025 (avg $14.8M), mostly in West Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $14,824,127
- -67.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $14,824,127
- -67.4% vs 2024
- Median grant
- $14,824,127
- Total assets
- $441,956,283
- +28.5% vs 2024
- Primary geography
- West 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 Marshall University Foundation Incorporated funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Marshall University ($14.8M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Marshall University Foundation Incorporated gives
- Giving grew 26% 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 (2021) to $45.4M (2024). In 2025 it made 1 grant totaling $14.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Marshall University Huntington, WV | to support the students and university departments in their educational mission | $14,824,127 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $441,956,283 | $85,061,153 | $19,801,569 | $14,824,127 | 1 | $10,450,686 |
| 2024 | $343,852,369 | $22,167,378 | $50,037,003 | $45,408,111 | 1 | $4,464,712 |
| 2023 | $387,058,001 | $48,068,529 | $18,321,336 | $13,808,488 | 1 | $6,027,036 |
| 2022 | $344,717,415 | $28,228,020 | $15,991,740 | $11,763,467 | 1 | $12,605,271 |
| 2021 | $365,151,220 | $39,444,191 | $13,848,567 | $9,942,347 | 1 | $5,400,394 |
| 2020 | $297,189,135 | $32,818,668 | $14,771,440 | $10,728,569 | 1 | $19,249,257 |
| 2019 | $304,781,369 | $50,987,540 | $16,820,028 | $12,908,454 | 1 | $1,573,743 |
About Marshall University Foundation Incorporated
Based on IRS filings
Marshall University Foundation Incorporated is a public charity focused on Education, based in Huntington, WV. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $442.0M in total assets. In 2025, it awarded 1 grant totaling $14.8M. Net investment income was $10.5M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Marshall University Foundation Incorporated is led by Ronald G Area, CEO on every filing since 2019; 3 of 28 officers listed in 2025 are compensated.
Officers on the 2025 filing
Ronald G Area
CEO
On filings since 2019
40 hrs/week
$266K (2019) → $276K (2025)
Nicolas Karagosian
CEO & Foundation President
New on the 2025 filing
40 hrs/week
$100K (2025)
Nancy E Campbell
Board Chair
Director → First Vice Chair, 2022
First Vice Chair → Board Chair, 2023
On filings since 2019
3 hrs/week
No compensation reported
Carol J Hartley
Director
Second Vice Chair → First Vice Chair, 2023
First Vice Chair → Director, 2025
On filings since 2019
2 hrs/week
No compensation reported
Charles W Pace
Director
On filings since 2019
2 hrs/week
No compensation reported
Diane Ramy Faulconer
Director
On filings since 2019
2 hrs/week
No compensation reported
Joseph Touma
Director
On filings since 2019
2 hrs/week
No compensation reported
Mark A Chandler
Director
Immediate Past Chair → Director, 2021
On filings since 2019
2 hrs/week
No compensation reported
Rex W Johnson
Director
On filings since 2019
2 hrs/week
No compensation reported
William V Jackson
Director
On filings since 2019
2 hrs/week
No compensation reported
Max Lederer
Director
On filings since 2020
2 hrs/week
No compensation reported
Verna K Gibson
Director
On filings since 2020
2 hrs/week
No compensation reported
Barry Burgess
Director
On filings since 2021
2 hrs/week
No compensation reported
Marc Williams
Director
On filings since 2021
2 hrs/week
No compensation reported
Norman Mosrie
Director
On filings since 2021
2 hrs/week
No compensation reported
William W Carter
Director
On filings since 2021
2 hrs/week
No compensation reported
Robert Hess
Director
On filings since 2022
2 hrs/week
No compensation reported
Kathy Eddy
Director
On filings since 2023
2 hrs/week
No compensation reported
Steven Wellman
Director
On filings since 2023
2 hrs/week
No compensation reported
Elizabeth Weisberg
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Louis Costanzo III
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Robert Simpson
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Steve Rubin
Director
New on the 2025 filing
2 hrs/week
No compensation reported
R Scott Anderson
CFO
On filings since 2019
40 hrs/week
$131K (2019) → $153K (2025)
A Sue Zemba
Treasurer
Treasurer → Director, 2023
Director → Treasurer, 2025
On filings since 2019
2 hrs/week
No compensation reported
Bernard Coston
First Vice Chair
Director → Second Vice Chair, 2023
Second Vice Chair → First Vice Chair, 2025
On filings since 2019
2 hrs/week
No compensation reported
Sharon D Shaffer
Immediate Past Chair
Vice Chair → Chair, 2021
Chair → Immediate Past Chair, 2023
On filings since 2019
2 hrs/week
No compensation reported
Danny Vance
Secretary
Director → Secretary, 2025
On filings since 2021
2 hrs/week
No compensation reported
Former officers (23)
- Former: Charles Neighborgall (2019–2024) — Director
- Former: Floyd Harlow Jr. (2019–2024) — Treasurer
- Former: Joseph Allwood (2019–2024) — COO
- Former: Leon K Oxley (2019–2024) — Secretary
- Former: Monica Hatfield (2021–2024) — Director
- Former: John Jay White (2023–2024) — Director
- Former: James D Rorrer (2019–2022) — Director
- Former: James Farley (2019–2022) — Director
- Former: Lake Polan III (2019–2022) — Immediate Past Chair
- Former: Gary Ambler (2020–2022) — Director
- Former: Geoff Sheils (2022) — Director
- Former: Casey J Robinson (2019–2021) — Director
- Former: David Helmer (2019–2020) — Treasurer
- Former: Gary D Baldwin (2019–2020) — Director
- Former: John Ashford (2019–2020) — Director
- Former: Johnna Coats (2019–2020) — Director
- Former: Joseph M Gillette (2019–2020) — Past Chair
- Former: Louis Weisberg (2019–2020) — Director
- Former: Timothy Haymaker (2019–2020) — Director
- Former: Clarence Martin (2019) — Director
- Former: James E Gibson (2019) — Director
- Former: John Rulli (2019) — Director
- Former: Robert L Osborne (2019) — Director
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 $276K, to Dr Ronald Area (CEO (Retired)). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Marshall University Foundation Incorporated
How much does Marshall University Foundation Incorporated give each year?
Marshall University Foundation Incorporated gave $14.8M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $45.4M across 1 grant.
How large is Marshall University Foundation Incorporated?
Marshall University Foundation Incorporated reported $442.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $85.1M.
What is Marshall University Foundation Incorporated?
Marshall University Foundation Incorporated is a public charity focused on Education, based in Huntington, WV. It holds $442.0M in total assets as of 2025.
Where does Marshall University Foundation Incorporated operate?
Marshall University Foundation Incorporated has awarded grants in West Virginia.
What is Marshall University Foundation Incorporated's EIN?
Marshall University Foundation Incorporated's EIN (Employer Identification Number) is 55-6011111. 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 2019 (received by the IRS March 18, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 31, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 8, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 4, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Marshall University Foundation Incorporated's focus areas in our free grants database
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