Morehead State University Foundation
TO PROVIDE MARGIN OF EXCELLENCE OPPORTUNITY FUNDING TO MOREHEAD STATE UNIVERSITY IN AN EFFORT TO ASSIST MSU IN REACHING ITS ESTABLISHED GOALS. THE MISSION OF MOREHEAD FOUNDATION IS TO PRUDENTLY ADMINISTER ALL ASSETS OF THE FOUNDATION AND/OR MOREHEAD STATE UNIVERSITY AS PROVIDED BY FEDERAL AND STATE LAW AND REGULATION AND THROUGH FIDUCIARY RESPONSIBILITY BETWEEN THE UNIVERSITY AND THE FOUNDATION, TO PROMOTE EDUCATIONAL PURPOSES IN CONNECTION WITH OR AT THE REQUEST OF THE UNIVERSITY BY ENCOURAGING, SPONSORING AND SUPPORTING INSTITUTIONAL PRIORITIES, TO PROVIDE ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT AND THE BOARD OF REGENTS OF MOREHEAD STATE UNIVERSITY, AND TO PROVIDE VOLUNTEER LEADERSHIP TO MOREHEAD STATE UNIVERSITY'S FUND RAISING PROGRAMS AND TO ASSIST OTHER INSTITUTIONAL ADVANCEMENT EFFORTS.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$92.0M
+8.2% YoY
Annual Giving
$4.3M
+11.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$4.3M
+11.3% YoY
About Morehead State University Foundation
Based on IRS filings
Morehead State University Foundation is a nonprofit organization, based in MOREHEAD, KY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $92.0M in total assets. In 2025, it awarded 1 grants totaling $4.3M. Net investment income was $6.6M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $91,976,128 | $85,025,098 | $75,848,542 |
| Revenue | $12,815,744 | $10,191,156 | $6,483,169 |
| Expenses | $6,752,177 | $6,693,927 | $6,288,780 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $6,582,896 | $2,052,472 | $858,150 |
| 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 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MR RICK HESTERBERG | FOUNDATION, CEO (PARTIAL YEAR) | 1 | — |
| MS ALLISON CAUDILL | FOUNDATION, CEO (PARTIAL YEAR) | 1 | — |
| MR PERRY ALLEN | BOARD CHAIR | 1 | — |
| MR ANDREW JONES | VICE CHAIR | 1 | — |
| MR RONALD CARTEE | TRUSTEE (PART YEAR) | 1 | — |
| MR JOHN MERCHANT | TRUSTEE | 1 | — |
| MR ANDRE PREFONTAINE | TRUSTEE | 1 | — |
| MR BRIAN MCBRAYER | TRUSTEE (PART YEAR) | 1 | — |
| MS JANICE TOWLES | TRUSTEE | 1 | — |
| MR JAMES JENNINGS | TRUSTEE | 1 | — |
| MS PEGGY OSBORNE | TRUSTEE | 1 | — |
| MS BARBARA ISON | TRUSTEE | 1 | — |
| MR BRETT TRAVER | TRUSTEE | 1 | — |
| MR JON HARVILLE | TRUSTEE | 1 | — |
| MS HEATHER THOMPSON | TRUSTEE | 1 | — |
| MR KEVIN JOHNS | TRUSTEE | 1 | — |
| MS KIMBERLY HAYES TAYLOR | TRUSTEE | 1 | — |
| MR BRANDON FRALEY | TRUSTEE | 1 | — |
| MR DANIEL MCGOWAN | TREASURER | 1 | — |
| MR BERNIE MCKAY | TRUSTEE | 1 | — |
| MR TODD PHILLIPS | TRUSTEE | 1 | — |
| MS TERRI WALTERS | TRUSTEE | 1 | — |
| MS COLLEEN PAYNE | TRUSTEE | 1 | — |
| MR BOB ALBERT | TRUSTEE (PART YEAR) | 1 | — |
| MR RONALD COOPER | TRUSTEE | 1 | — |
| MR JOSEPH GILLMAN | TRUSTEE | 1 | — |
| MR WAYNE GRANIS | TRUSTEE | 1 | — |
| MS KAREN KELLY | TRUSTEE | 1 | — |
| MR ED STROSNIDER | TRUSTEE | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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