Montana State University Foundation Inc
We cultivate lifelong relationships and secure private support to advance Montana State University.
Montana State University Foundation Inc at a glance
In short: Montana State University Foundation Inc gave $73.1M across 1 grant in 2025 (avg $73.1M), mostly in Montana. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $73,058,871
- +159.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $73,058,871
- +159.3% vs 2024
- Median grant
- $73,058,871
- Total assets
- $529,070,770
- +16.7% vs 2024
- Primary geography
- Montana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Montana State University Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Montana State University ($73.1M).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was $5M or more: 6 grants of 9 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Montana State University Foundation Inc gives
- Giving grew 94% 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 2020 to 2025, annual grant giving ranged from $15.2M (2020) to $73.1M (2025). In 2025 it made 1 grant totaling $73.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montana State University Bozeman, MT | Scholarships to Montana State University Students and Program Support | $73,058,871 |
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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 | $529,070,770 | $147,436,078 | $87,469,731 | $73,058,871 | 1 | $17,705,535 |
| 2024 | $453,249,914 | $101,083,515 | $41,668,972 | $28,175,938 | 1 | $16,000,483 |
| 2023 | $379,099,449 | $61,224,540 | $29,360,325 | $18,088,640 | 1 | $9,527,963 |
| 2022 | $330,292,309 | $68,811,892 | $46,879,130 | $37,583,886 | 5 | $11,383,577 |
| 2021 | $333,574,086 | $36,483,820 | $26,057,212 | $19,162,493 | 1 | $12,845,234 |
| 2020 | $271,741,291 | $31,692,855 | $22,517,889 | $15,168,430 | 1 | $2,258,824 |
About Montana State University Foundation Inc
Based on IRS filings
Montana State University Foundation Inc is a public charity focused on Education, based in Bozeman, MT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $529.1M in total assets. In 2025, it awarded 1 grant totaling $73.1M. Net investment income was $17.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Montana State University Foundation Inc is led by Fran Albrecht, President & CEO on every filing since 2024; 7 of 34 officers listed in 2025 are compensated.
Officers on the 2025 filing
Fran Albrecht
President & CEO
On filings since 2024
50 hrs/week
$73K (2024) → $302K (2025)
Nancy Seleski
Chair
Governor → Chair, 2025
On filings since 2022
6.5 hrs/week
No compensation reported
Therese Weller
Senior Managing Director of Etgp
Senior Director Estate, Trustee & Gift Planning → Senior Managing Director of Etgp, 2025
On filings since 2020
40 hrs/week
$101K (2020) → $145K (2025)
Kathleen Saylor
Senior Director of Special Projects
Vice President Operations → Vice President of Operations, 2024
Vice President of Operations → Senior Director of Special Projects, 2025
On filings since 2020
40 hrs/week
$134K (2020) → $170K (2025)
Jacqueline Sather Sr Managing
Director of Development
New on the 2025 filing
40 hrs/week
$134K (2025)
Kevin Brown
Associate Vice President of Development for Etgp
Associate Vice President Planned Giving → Associate Vice President of Planned Giving, 2024
Associate Vice President of Planned Giving → Associate Vice President of Development for Etgp, 2025
On filings since 2020
40 hrs/week
$101K (2020) → $151K (2025)
Kerry Hanson
Vice President of Engagement
Vice President of Alumni Relations → Vice President of Engagement, 2025
On filings since 2022
40 hrs/week
$104K (2022) → $158K (2025)
Shannon Schumacher
Vice President of Development
Associate Vice President Development → Associate Vice President of Development, 2024
Associate Vice President of Development → Vice President of Development, 2025
On filings since 2023
50 hrs/week
$119K (2023) → $189K (2025)
Bill Sanderson
Vice Chair
Governor → Secretary & Treasurer, 2021
Secretary & Treasurer → Vice Chair, 2025
On filings since 2020
0.8 hrs/week
No compensation reported
Don Cape Jr.
Governor
On filings since 2020
1 hr/week
No compensation reported
Greg Collins
Past Chair
Vice Chair → Chair, 2023
Chair → Past Chair, 2025
On filings since 2020
3.9 hrs/week
No compensation reported
Ingrid Degreef
Governor
On filings since 2020
2.3 hrs/week
No compensation reported
Jill Cuniff
Governor
On filings since 2020
2.7 hrs/week
No compensation reported
Mark Bacigalupo
Governor
On filings since 2020
1.2 hrs/week
No compensation reported
Mary Ann Pearce
Former Chair
Governor → Vice Chair, 2023
Vice Chair → Former Chair, 2025
On filings since 2020
1.5 hrs/week
No compensation reported
Ron Aasheim
Governor
On filings since 2020
2.1 hrs/week
No compensation reported
Steve Rovig
Governor
Chair → Past Chair, 2023
Past Chair → Governor, 2025
On filings since 2020
0.3 hrs/week
No compensation reported
Walter Smith
Governor
On filings since 2021
0.6 hrs/week
No compensation reported
Andrew Wilcox
Governer
Governor → Governer, 2025
On filings since 2022
0.7 hrs/week
No compensation reported
Behrooz Abdi
Governor
On filings since 2022
1.1 hrs/week
No compensation reported
Don Gimbel
Governor
On filings since 2022
0.2 hrs/week
No compensation reported
Frank Benevento
Governor
On filings since 2022
0.5 hrs/week
No compensation reported
Denise Juneau
Governor
On filings since 2023
0.1 hrs/week
No compensation reported
Ron Lewis
Governor
On filings since 2023
0.3 hrs/week
No compensation reported
Chris Nygren
Governor
On filings since 2024
0.8 hrs/week
No compensation reported
Darryl Thompson
Secretary & Treasurer
Governor → Secretary & Treasurer, 2025
On filings since 2024
4 hrs/week
No compensation reported
Kent Strazza
Governor
On filings since 2024
1 hr/week
No compensation reported
Steve Wheeler
Governor
On filings since 2024
0.7 hrs/week
No compensation reported
Brian Brown
Governor
New on the 2025 filing
0.5 hrs/week
No compensation reported
Carol Ezrati
Governor
New on the 2025 filing
1.5 hrs/week
No compensation reported
Jen Nord
Vice President of Finance & Accounting
New on the 2025 filing
30 hrs/week
No compensation reported
Jomarie Bliss
Governor
New on the 2025 filing
1.8 hrs/week
No compensation reported
Lynda Sedivy
Governor
New on the 2025 filing
0.8 hrs/week
No compensation reported
Wayne Edwards
Governor
New on the 2025 filing
0.7 hrs/week
No compensation reported
Former officers (26)
- Former: Christopher Murray (2020–2025) — Former President & CEO · Filing note: Until 223
- Former: Mary Jane McGarity (2020–2025) — Former Interim President & CEO · Filing note: Until 10/2023
- Former: Melissa Kinnear (2020–2025) — Vice President of Finance & Accounting · Filing note: Until 11/2024
- Former: Chris Glick (2024–2025) — Former Vice President of Development · Filing note: Until 2/2024
- Former: Ginny Sullivan (2020–2024) — Governor
- Former: Norman Asbjornson (2020–2024) — Governor
- Former: Wes Kremer (2020–2024) — Governor
- Former: Chris Lofgren (2021–2024) — Governor
- Former: Risa Scott (2021–2024) — Governor
- Former: Neal Zandonella (2023–2024) — Vice President of Information Tech.
- Former: Jomarie Phelan Honcoop (2024) — Governor
- Former: Heidi McLoughlin (2020–2023) — Governor
- Former: Jackie Sather (2020–2023) — Senior Development Director
- Former: David Cameron (2020–2022) — Governor
- Former: Jean B. Sweeney (2020–2022) — Past Chair
- Former: Jill Jarrett (2020–2022) — Governor
- Former: Russell Stands Over Bull (2020–2022) — Governor
- Former: Nicholas Lonardo (2022) — Director of the Annual Fund
- Former: Kendrick R. Wilson (2020–2021) — Governor
- Former: Gregory Slamowitz (2021) — Governor
- Former: Mark Mummert (2021) — Governor
- Former: Cory Pulfrey (2020) — Past Chair
- Former: Helene Michael (2020) — Governor
- Former: Kay Chafey (2020) — Governor
- Former: Robert Morrison (2020) — Secretary & Treasurer
- Former: Robert Narotzky (2020) — Governor
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $302K, to Fran Albrecht (President and CEO). 11 officers or directors reported compensation on that filing.
Frequently asked questions about Montana State University Foundation Inc
How much does Montana State University Foundation Inc give each year?
Montana State University Foundation Inc gave $73.1M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $28.2M across 1 grant.
How large is Montana State University Foundation Inc?
Montana State University Foundation Inc reported $529.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $147.4M.
What is Montana State University Foundation Inc?
Montana State University Foundation Inc is a public charity focused on Education, based in Bozeman, MT. It holds $529.1M in total assets as of 2025.
Where does Montana State University Foundation Inc operate?
Montana State University Foundation Inc has awarded grants in Colorado, Montana.
What is Montana State University Foundation Inc's EIN?
Montana State University Foundation Inc's EIN (Employer Identification Number) is 81-6001649. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS February 3, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS January 20, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 5, 2026)
Live grants for the work Montana State University Foundation Inc funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Montana State University Foundation Inc's focus areas in our free grants database
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Grants
547
Total Given
$50.0M
More similar funders
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Montana State University Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Montana State University Foundation Inc down — hundreds of funders to go?