We cultivate lifelong relationships and secure private support to advance Montana State University.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$453.2M
+19.6% YoY
Annual Giving
$28.0M
+55.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$28.0M
+55.2% YoY
About Montana State University Foundation Inc
Based on IRS filings
Montana State University Foundation Inc is a nonprofit organization focused on Education, based in BOZEMAN, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $453.2M in total assets. In 2024, it awarded 1 grants totaling $28.0M. Net investment income was $16.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $453,249,914 | $379,099,449 | $330,292,309 |
| Revenue | $101,083,515 | $61,224,540 | $68,811,892 |
| Expenses | $41,668,972 | $29,360,325 | $46,879,130 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $16,000,483 | $9,527,963 | $11,383,577 |
| 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
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Montana State University ($27,976,569).
| Recipient | Purpose | Amount |
|---|---|---|
| Montana State University Bozeman, MT | Scholarships to Montana State University Students and Program Support | $27,976,569 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Greg Collins | Chair | 5.76 | — |
| Mary Ann Pearce | Vice Chair | 8.88 | — |
| Bill Sanderson | Secretary/Treasurer | 3.17 | — |
| Steve Rovig | Past Chair | 1.31 | — |
| Ron Aasheim | Governor | 0.79 | — |
| Behrooz Abdi | Governor | 0.65 | — |
| Norman Asbjornson | Governor (Thru 09/23) | — | — |
| Mark Bacigalupo | Governor | 0.7 | — |
| Frank Benevento | Governor | 0.6 | — |
| Don Cape Jr | Governor | 0.42 | — |
| Jill Cuniff | Governor | 1.28 | — |
| Ingrid Degreef | Governor | 0.79 | — |
| Don Gimbel | Governor | 0.41 | — |
| Jomarie Phelan Honcoop | Governor | 0.46 | — |
| Denise Juneau | Governor | 0.79 | — |
| Wes Kremer | Governor (Thru 05/24) | 0.33 | — |
| Ron Lewis | Governor | 0.26 | — |
| Chris Lofgren | Governor (Thru 09/23) | — | — |
| Chris Nygren | Governor (Joined 09/23) | 0.63 | — |
| Risa Scott | Governor (Thru 09/23) | — | — |
| Nancy Seleski | Governor | 2.65 | — |
| Walter Smith | Governor | 0.7 | — |
| Kent Strazza | Governor (Joined 05/24) | — | — |
| Ginny Sullivan | Governor (Thru 09/23) | — | — |
| Darryl Thompson | Governor | 1.09 | — |
| Steve Wheeler | Governor | 0.63 | — |
| Andrew Wilcox | Governor | 0.79 | — |
| Fran Albrecht From 1123 | President and CEO | 40 | $72,992 |
| Mary Jane McGarity Until 1023 | VP of Development/Interim CEO | 40 | $224,609 |
| Melissa Kinnear | VP of Finance & Accounting | 50 | $191,635 |
| Chris Glick | VP of Development | 40 | $201,567 |
| Neal Zandonella | VP of Information Tech. | 40 | $143,182 |
| Kathleen Saylor | VP of Operations | 40 | $148,971 |
| Shannon Schumacher | Assoc. VP of Development | 40 | $142,148 |
| Kevin Brown | Assoc. VP of Planned Giving | 40 | $132,344 |
| Christopher Murray Until 223 | Former President and CEO | 50 | $351,678 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Montana State University Foundation Inc?
Montana State University Foundation Inc is a nonprofit organization focused on Education, based in BOZEMAN, MT. It holds $453.2M in total assets as of 2024.
How large is Montana State University Foundation Inc?
As of 2024, Montana State University Foundation Inc holds $453.2M in total assets with $101.1M in annual revenue. It awarded 1 grants totaling $28.0M in 2024.
Where does Montana State University Foundation Inc operate?
Montana State University Foundation Inc has awarded grants in Colorado, Montana.
What size grants does Montana State University Foundation Inc award?
In 2024, Montana State University Foundation Inc awarded 1 grants totaling $28.0M — an average of about $28.0M per grant, based on its IRS Form 990 filings.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Montana State University Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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