Montana State University Billings Foundation & Alumni logo

Montana State University Billings Foundation & Alumni

Public charity · Grantmaker Billings, MT EIN: 81-0301477 Website

Montana State University Billings Foundation is a publicly supported, non-profit corporation founded in 1968 to advance the goals of Montana State University Billings by (1) establishing lifelong relationships with university students, parents, faculty, alumni, friends and community partners; (2) creating pathways to success and sustaining them through philanthropy, stewardship and community engagement; (3) seeking and nurturing innovative partnerships to support the realization of current and emerging university priorities; and (4) fostering a culture of inclusivity that celebrates diversity on campus and beyond.

Key facts about Montana State University Billings Foundation & Alumni

In short: Montana State University Billings Foundation & Alumni gave $2.7M across 2 grants in 2025 (avg $1.4M), mostly in Montana. Source: 2025 IRS Form 990.

EIN
81-0301477
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$2,739,809
Grants made (2025)
2
Average grant
$1,369,905
Median grant
$1,369,905
Total assets
$54,369,234
Primary geography
Montana (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

$54.4M

+13.9% YoY

Annual Giving

$2.7M

+8.2% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$1.4M

+8.2% YoY

How Montana State University Billings Foundation & Alumni gives

  • Giving grew 22% from 2022 to 2025. Method

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

About Montana State University Billings Foundation & Alumni

Based on IRS filings

Montana State University Billings Foundation & Alumni is a public charity focused on Education, based in Billings, MT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $54.4M in total assets. In 2025, it awarded 2 grants totaling $2.7M. Net investment income was $296K.

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

Billings

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M1 grant2019 1 grant2020 0 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2019 to 2025, annual grant giving ranged from $1.7M (2019) to $2.7M (2025). In 2025 it made 2 grants totaling $2.7M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Montana State University Billings: $2.7M across 2 grantsMontana State UniversityBillings$2.7M · 2 grants

The largest 2025 recipient was Montana State University Billings ($2.7M across 2 grants).

Grant Size Distribution

8 grants across all recorded years

<$50K$50–100K$100–250K$250–500K3$500K–1M5$1–5M$5M+

The most common grant size was in the $1–5M range: 5 grants of 8 (63%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Montana State University Billings Billings, MTTo fund Montana State University Billings Scholarships awarded to 1,542 recipients.$2,020,288
Montana State University Billings Billings, MTTo support Montana State University Billings academic programs; campus projects; campus and community outreach initiatives; and alumni relations activities.$719,521

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M$20M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$54,369,234$47,725,720$40,792,683
Revenue$4,453,219$7,916,912$3,098,473
Expenses$4,397,143$4,128,439$3,361,935
Net Investment Income$296,250$1,811,959$96,541

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 December 9, 2020)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
  3. Added Form 990 for fiscal year 2019 (received by the IRS February 26, 2020)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Montana State University Billings Foundation & Alumni is led by Krista Montague, President & CEO since 2023 (on filings since 2022); 2 of 15 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Krista Montague

    President & CEO

    CEO → President & CEO, 2023

    On filings since 2022

    40 hrs/week

    $9K (2022) → $130K (2025)

  • Thomas Potter

    Chair

    Treasurer → Chair, 2024

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Donald L Roberts

    Trustee

    Vice Chair → Chair, 2022

    Chair → Trustee, 2024

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Kay Berry

    Trustee

    Trustee → Secretary, 2022

    Secretary → Trustee, 2025

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Karen Moses

    Trustee

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Buddy Windy Boy

    Trustee

    On filings since 2023

    0.5 hrs/week

    No compensation reported

  • David Wanzenried

    Trustee

    On filings since 2023

    0.5 hrs/week

    No compensation reported

  • William Henry

    Trustee

    On filings since 2023

    0.5 hrs/week

    No compensation reported

  • Tyler Elkin

    Trustee

    On filings since 2024

    0.5 hrs/week

    No compensation reported

  • Becky Anderson

    Trustee

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

  • Janiel Begger

    Trustee

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

  • Jeff Clarke

    CFO

    On filings since 2024

    40 hrs/week

    $70K (2024) → $87K (2025)

  • Brittany Cremer

    Secretary

    Trustee → Secretary, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • Mike Monson

    Vice Chair

    Treasurer → Vice Chair, 2025

    On filings since 2024

    1 hr/week

    No compensation reported

  • Ken Lutton

    Treasurer

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (28)
  • Former: Jon Egeland (2019–2024) — Vice President of Finance
  • Former: JoAnne Sheridan (2020–2024) — Trustee
  • Former: Jani McCall (2021–2024) — Vice Chair
  • Former: Merry Lee Olson (2022–2024) — Trustee
  • Former: Dave Warne (2019–2023) — Trustee
  • Former: William Kennedy (2022–2023) — Former CEO
  • Former: Alan Bryan (2023) — Trustee
  • Former: Krikor Jansezian (2023) — Trustee
  • Former: Allyn Hulteng (2019–2022) — Trustee
  • Former: Donna Fredericks (2019–2022) — Trustee
  • Former: Lennette Kosovich (2019–2022) — Trustee
  • Former: Trent Sizemore (2019–2022) — Trustee
  • Former: Jodie Delahunt Hubbell (2020–2022) — Trustee
  • Former: Beverly Hall (2022) — Trustee
  • Former: Andy Sullivan (2019–2021) — Trustee · Filing note: Thru 12620
  • Former: Bev Hall (2019–2021) — Trustee
  • Former: Bill Kennedy (2019–2021) — Trustee
  • Former: Carter Mollgaard (2019–2021) — Chair
  • Former: Darwin George (2019–2021) — Secretary
  • Former: Mike Nelson (2019–2021) — Trustee
  • Former: Tom Potter (2019–2021) — Treasurer
  • Former: Rachel Schaffer (2021) — Trustee
  • Former: Stefani Hicswa (2021) — Trustee
  • Former: Jim Berry (2019–2020) — Trustee
  • Former: Roger Huebner (2019–2020) — Trustee
  • Former: Dave Cobb (2019) — Trustee
  • Former: Lisa Perry (2019) — Treasurer
  • Former: Tony Prill (2019) — Trustee

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

Krista Montague — President/CEO: $130KKrista MontaguePresident/CEO$130KJeff Clarke — CFO: $87KJeff ClarkeCFO$87K

The highest reported compensation on the 2025 filing was $130K, to Krista Montague (President/CEO). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Montana State University Billings Foundation & Alumni

How much does Montana State University Billings Foundation & Alumni give each year?

Montana State University Billings Foundation & Alumni gave $2.7M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.5M across 2 grants.

How large is Montana State University Billings Foundation & Alumni?

Montana State University Billings Foundation & Alumni reported $54.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.5M.

What is Montana State University Billings Foundation & Alumni?

Montana State University Billings Foundation & Alumni is a public charity focused on Education, based in Billings, MT. It holds $54.4M in total assets as of 2025.

Where does Montana State University Billings Foundation & Alumni operate?

Montana State University Billings Foundation & Alumni has awarded grants in Montana.

What is Montana State University Billings Foundation & Alumni's EIN?

Montana State University Billings Foundation & Alumni's EIN (Employer Identification Number) is 81-0301477. IRS Form 990 filing data is available on this page for 2019–2025.

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

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