Montana Technological University Foundation
The mission of the Montana tech foundation is to advance the teaching, research and public service endeavors of Montana tech by generating private contributions to supplement the institution's state and federal revenues for capital, operating and student assistance funds. The foundation is the catalyst and channel through which gifts and donation income flow to provide instantaneous and long-term support for Montana tech and all of its programs.
Montana Technological University Foundation at a glance
In short: Montana Technological University Foundation gave $3.9M across 1 grant in 2025 (avg $3.9M), mostly in Montana. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $3,880,128
- +15.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $3,880,128
- +15.5% vs 2024
- Median grant
- $3,880,128
- Total assets
- $121,902,431
- +11.2% 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 Technological University Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Montana Technological University ($3.9M).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 10 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Montana Technological University Foundation gives
- Giving held roughly steady from 2022 to 2025 (−20%). 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 $3.2M (2021) to $9.9M (2023). In 2025 it made 1 grant totaling $3.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montana Technological University Butte, MT | Student Scholarships, Professorship, Supplements, and Program Distributions | $3,880,128 |
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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 | $121,902,431 | $12,612,425 | $7,757,993 | $3,880,128 | 1 | $1,872,811 |
| 2024 | $109,611,447 | $9,836,871 | $6,319,952 | $3,359,198 | 1 | $2,109,833 |
| 2023 | $100,387,232 | $43,480,742 | $12,320,425 | $9,900,136 | 2 | $409,932 |
| 2022 | $66,302,899 | $13,181,089 | $7,193,518 | $4,841,642 | 3 | $1,104,690 |
| 2021 | $62,802,705 | $7,987,188 | $4,882,897 | $3,196,968 | 3 | $2,431,226 |
| 2020 | $50,088,966 | $6,830,837 | $5,766,992 | $4,056,550 | 2 | $1,048,348 |
About Montana Technological University Foundation
Based on IRS filings
Montana Technological University Foundation is a public charity focused on Education, based in Butte, MT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $121.9M in total assets. In 2025, it awarded 1 grant totaling $3.9M. Net investment income was $1.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Montana Technological University Foundation is led by Jaime Heppler, Chief Executive Officer on every filing since 2023; 4 of 19 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jaime Heppler
Chief Executive Officer
On filings since 2023
40 hrs/week
$80K (2023) → $194K (2025)
Robert Shepherd
Board Chair
New on the 2025 filing
1 hr/week
No compensation reported
Luke Meyer
Vice President of Development
On filings since 2023
40 hrs/week
$104K (2023) → $147K (2025)
Lance J. Allen
Chief Financial Officer
On filings since 2024
40 hrs/week
$11K (2024) → $132K (2025)
Shannon Panisko
Vice President
New on the 2025 filing
40 hrs/week
$102K (2025)
Jon Cherry
Board Member
Director → Board Member, 2025
On filings since 2020
1 hr/week
No compensation reported
Jonna Laslovich
Board Member
Director → Board Member, 2025
On filings since 2020
0.5 hrs/week
No compensation reported
Josh Vincent
Board Vice Chair
Treasurer → Vice Chair, 2024
Vice Chair → Board Vice Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Kathy Arnold
Board Member
Director → Board Member, 2025
On filings since 2020
1 hr/week
No compensation reported
Leo McCarthy
Board Member
Director → Board Member, 2025
On filings since 2020
1 hr/week
No compensation reported
Gary Kolstad
Board Member
Director → Board Member, 2025
On filings since 2022
1 hr/week
No compensation reported
Dennis Garbarino
Board Member
Director → Board Member, 2025
On filings since 2024
1 hr/week
No compensation reported
Jerri Doyle
Secretary
On filings since 2024
1 hr/week
No compensation reported
Kristen Manson
Treasurer
On filings since 2024
1 hr/week
No compensation reported
Nikki Houston
Board Member
Director → Board Member, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
David Burger
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Jack Standa
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Michele Hardy
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
William Daily
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (33)
- Former: Bob Shepherd (2020–2024) — Board Chair
- Former: Bryan Larson (2020–2024) — Outgoing Chair
- Former: Dave Burger (2020–2024) — Director
- Former: Bill Daily (2024) — Director
- Former: Leo McArthy (2024) — Director
- Former: Adam Sayers (2020–2023) — Director
- Former: Bob Morris (2020–2023) — Director
- Former: Brian Smyth (2020–2023) — Director
- Former: Deanna Johnson (2020–2023) — Chief Financial Officer
- Former: Maggie Peterson (2020–2023) — Director
- Former: Mike McGivern (2020–2023) — Director
- Former: Nick Digiovine (2020–2023) — Board Chair
- Former: Rocky Seale (2020–2023) — Director
- Former: Sean Woolverton (2020–2023) — Director
- Former: Skye Callantine (2020–2023) — Director
- Former: Stephanie Sorini (2020–2023) — Director
- Former: Tim Sulser (2020–2023) — Director
- Former: Tom Hohn (2020–2023) — Secretary
- Former: Joe McClafferty (2020–2022) — CEO
- Former: Michael Barth (2020–2022) — Executive Director
- Former: Mike Thatcher (2020–2022) — Director
- Former: Pat McCarthy (2020–2022) — Director
- Former: Dan Manson (2020–2021) — Treasurer
- Former: Bill Henne (2020) — Director
- Former: Eric Jacobsen (2020) — Director
- Former: Haley Beaudry (2020) — Director
- Former: Mark Erickson (2020) — Director
- Former: Marty Schuma (2020) — Director
- Former: Mary Ellen Lutey (2020) — Director
- Former: Pat O'Brien (2020) — Board Chair
- Former: Ryan Lance (2020) — Director
- Former: Sundra Anderson (2020) — Secretary
- Former: Tom Bandy (2020) — Director
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 $194K, to Jaime Heppler (Chief Executive Officer). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Montana Technological University Foundation
How much does Montana Technological University Foundation give each year?
Montana Technological University Foundation gave $3.9M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.4M across 1 grant.
How large is Montana Technological University Foundation?
Montana Technological University Foundation reported $121.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $12.6M.
What is Montana Technological University Foundation?
Montana Technological University Foundation is a public charity focused on Education, based in Butte, MT. It holds $121.9M in total assets as of 2025.
Where does Montana Technological University Foundation operate?
Montana Technological University Foundation has awarded grants in Montana.
What is Montana Technological University Foundation's EIN?
Montana Technological University Foundation's EIN (Employer Identification Number) is 81-0250363. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 4, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 15, 2025)
- IRS filings on file for fiscal years 2020–2024
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