The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$343.9M
-11.2% YoY
Annual Giving
$45.4M
+228.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$45.4M
+228.9% YoY
About Marshall University Foundation Incorporated
Based on IRS filings
Marshall University Foundation Incorporated is a nonprofit organization focused on Education, based in HUNTINGTON, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $343.9M in total assets. In 2024, it awarded 1 grants totaling $45.4M. Net investment income was $4.5M.
Focus Areas
Ready to take the next step with Marshall University Foundation Incorporated?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $343,852,369 | $387,058,001 | $344,717,415 |
| Revenue | $22,167,378 | $48,068,529 | $28,228,020 |
| Expenses | $50,037,003 | $18,321,336 | $15,991,740 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,464,712 | $6,027,036 | $12,605,271 |
| Distributable Amount | — | — | — |
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 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Marshall University ($45,393,118).
| Recipient | Purpose | Amount |
|---|---|---|
| Marshall University Huntington, WV | to support the students and university departments in their educational mission | $45,393,118 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr Ronald G Area | CEO | 40 | $266,615 |
| Mr R Scott Anderson | CFO | 40 | $144,716 |
| Mr Joseph Allwood | COO | 40 | $127,291 |
| Mr Bernard Coston | Second Vice Chair | 2 | — |
| Mrs Nancy E Campbell | Board Chair | 4 | — |
| Mrs Carol J Hartley | First Vice Chair | 2 | — |
| Mr Leon K Oxley | Secretary | 2 | — |
| Mr Floyd Harlow Jr | Treasurer | 2 | — |
| Mrs Sharon Shaffer | Immediate Past Chair | 2 | — |
| Mr Barry Burgess | Director | 2 | — |
| Mr William W Carter | Director | 2 | — |
| Mr Mark A Chandler | Director | 2 | — |
| Ms Kathy Eddy | Director | 2 | — |
| Ms Diane Ramy Faulconer | Director | 2 | — |
| Mrs Verna Gibson | Director | 2 | — |
| Mrs Monica Hatfield | Director | 2 | — |
| Dr Robert Hess | Director | 2 | — |
| Mr William V Jackson | Director | 2 | — |
| Mr Rex W Johnson | Director | 2 | — |
| Mr Max Lederer | Director | 2 | — |
| Mr Norman Mosrie | Director | 2 | — |
| Mr Charles Neighborgall | Director | 2 | — |
| Mr Charles W Pace | Director | 2 | — |
| Dr Joseph Touma | Director | 2 | — |
| Mr Danny Vance | Director | 2 | — |
| Mr Steven Wellman | Director | 2 | — |
| Mr John Jay White | Director | 2 | — |
| Mr Marc Williams | Director | 2 | — |
| Mrs A Sue Zemba | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Marshall University Foundation Incorporated?
Marshall University Foundation Incorporated is a nonprofit organization focused on Education, based in HUNTINGTON, WV. It holds $343.9M in total assets as of 2024.
How large is Marshall University Foundation Incorporated?
As of 2024, Marshall University Foundation Incorporated holds $343.9M in total assets with $22.2M in annual revenue. It awarded 1 grants totaling $45.4M in 2024.
Where does Marshall University Foundation Incorporated operate?
Marshall University Foundation Incorporated has awarded grants in West Virginia.
What size grants does Marshall University Foundation Incorporated award?
In 2024, Marshall University Foundation Incorporated awarded 1 grants totaling $45.4M — an average of about $45.4M per grant, based on its IRS Form 990 filings.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Marshall University Foundation Incorporated's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.