Midwestern State University Foundation Inc

Public charity · Grantmaker Wichita Falls, TX EIN: 75-1101337

To receive contributions by means of donations, gifts, and bequests and to expend such funds for the advancement of the literary, scientific, and other educational endeavors of Midwestern State University, a tax exempt institution of higher learning.

Key facts about Midwestern State University Foundation Inc

In short: Midwestern State University Foundation Inc gave $3.2M across 2 grants in 2025 (avg $1.6M), mostly in Texas. Source: 2025 IRS Form 990.

EIN
75-1101337
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$3,169,358
Grants made (2025)
2
Average grant
$1,584,679
Median grant
$1,584,679
Total assets
$85,137,475
Primary geography
Texas (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

$85.1M

+6.5% YoY

Annual Giving

$3.2M

+12.2% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$1.6M

+12.2% YoY

How Midwestern State University Foundation Inc gives

  • Giving grew 147% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Midwestern State University Foundation Inc

Based on IRS filings

Midwestern State University Foundation Inc is a public charity focused on Education, based in Wichita Falls, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $85.1M in total assets. In 2025, it awarded 2 grants totaling $3.2M. Net investment income was $5.7M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

Wichita Falls

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M2 grants2020 2 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $1.1M (2020) to $3.2M (2025). In 2025 it made 2 grants totaling $3.2M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Midwestern State University: $3.2M across 2 grantsMidwestern State University$3.2M · 2 grants

The largest 2025 recipient was Midwestern State University ($3.2M across 2 grants).

Grant Size Distribution

10 grants across all recorded years

<$50K$50–100K$100–250K$250–500K7$500K–1M3$1–5M$5M+

The most common grant size was in the $500K–1M range: 7 grants of 10 (70%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Midwestern State University Wichita Falls, TXFunds to be expended on special projects of the University as designated in the fund agreements.$2,206,444
Midwestern State University Wichita Falls, TXFunds to be expended on scholarships as designated in scholarship agreements.$962,914

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2.5M$5M$7.5M$10M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$85,137,475$79,935,439$71,288,656
Revenue$8,608,415$6,113,167$6,650,686
Expenses$4,008,315$3,593,533$2,977,854
Net Investment Income$5,654,109$5,192,943$2,962,910

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS July 9, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS July 13, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS July 17, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS July 15, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS June 6, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS May 28, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Midwestern State University Foundation Inc is led by Kevin O'Connell, Chairman since 2023 (on filings since 2020); none of the 17 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Kevin O'Connell

    Chairman

    Vice Chairman → Chairman, 2023

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Darrell Coleman

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Erwin Davenport

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Kay Yeager

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Mac Cannedy Jr.

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Martha Fain

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Butch Ford

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

  • Reno Gustafson

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

  • Brian Hooker

    Trustee

    On filings since 2024

    1 hr/week

    No compensation reported

  • Tyler Sales

    Trustee

    On filings since 2024

    1 hr/week

    No compensation reported

  • Tyrone Moore

    Trustee

    On filings since 2024

    1 hr/week

    No compensation reported

  • AR Dillard

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Selby Lilly

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Spike Thomas

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Anthony Inman

    Vice Chairman

    Trustee → Vice Chairman, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • David Welch

    Treasurer

    Secretary Treasurer → Treasurer, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

  • Teresa Caves

    Secretary

    Trustee → Secretary, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (3)
  • Former: Warren Ayres (2022–2023) — Trustee
  • Former: Stephen Reno Gustafson (2020–2022) — Chairman
  • Former: William Ford (2020–2022) — Trustee

Data from IRS Form 990 filings, 2020–2025. "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 Midwestern State University Foundation Inc

How much does Midwestern State University Foundation Inc give each year?

Midwestern State University Foundation Inc gave $3.2M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.8M across 2 grants.

How large is Midwestern State University Foundation Inc?

Midwestern State University Foundation Inc reported $85.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.6M.

What is Midwestern State University Foundation Inc?

Midwestern State University Foundation Inc is a public charity focused on Education, based in Wichita Falls, TX. It holds $85.1M in total assets as of 2025.

Where does Midwestern State University Foundation Inc operate?

Midwestern State University Foundation Inc has awarded grants in Texas.

What is Midwestern State University Foundation Inc's EIN?

Midwestern State University Foundation Inc's EIN (Employer Identification Number) is 75-1101337. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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