Support and assist the educational purposes of Purdue University by obtaining, acquiring, constructing, or otherwise providing buildings, grounds, or other suitable facilities, improvements, or equipment by providing funds, property, or by assisting in any other manner or by any other means.
Key facts about Ross Ade Foundation
- EIN
- 35-6026021
- Latest 990 filing
- Form 990, 2025
- Total assets
- $142,988,635
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$143.0M
-9.3% YoY
Revenue
$3.2M
-10.9% YoY
Net Investment Income
$3.1M
-10.9% YoY
Expenses
$3.6M
-0.7% YoY
About Ross Ade Foundation
Based on IRS filings
Ross Ade Foundation is a public charity focused on Education, based in West Lafayette, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $143.0M in total assets. Net investment income was $3.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $150K (2020) to $163K (2019). In 2020 it made 1 grant totaling $150K.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $142,988,635 | $157,723,408 | $171,857,687 |
| Revenue | $3,154,823 | $3,541,514 | $3,897,624 |
| Expenses | $3,588,406 | $3,613,321 | $3,903,817 |
| Net Investment Income | $3,147,185 | $3,533,876 | $3,889,986 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS March 4, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 8, 2021)
Leadership & Key People
Officers and directors from IRS filings
Ross Ade Foundation is led by Mung Chiang, President on every filing since 2023; none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mung Chiang
President
On filings since 2023
1 hr/week
No compensation reported
Malcolm DeKryger
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Klipsch
Director
On filings since 2019
1 hr/week
No compensation reported
Chris Ruhl
Director
On filings since 2020
1 hr/week
No compensation reported
Brandee Sommer
Assistant Secretary
On filings since 2019
1 hr/week
No compensation reported
Brian Edelman
Secretary
Secretary & Treasurer → Secretary, 2023
On filings since 2019
1 hr/week
No compensation reported
Scott Seidle
Assistant Treasurer
On filings since 2019
1 hr/week
No compensation reported
Eva Nodine
Vice President & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Chad Pittman
Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (4)
- Former: James Almond (2019–2024) — Former Vice President
- Former: Mitchell E. Daniels (2019–2024) — Former President
- Former: Jodie Melton (2023–2024) — Assistant Secretary
- Former: William Sullivan (2019–2020) — Director
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.
Frequently asked questions about Ross Ade Foundation
How large is Ross Ade Foundation?
Ross Ade Foundation reported $143.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.2M.
What is Ross Ade Foundation?
Ross Ade Foundation is a public charity focused on Education, based in West Lafayette, IN. It holds $143.0M in total assets as of 2025.
Where does Ross Ade Foundation operate?
Ross Ade Foundation has awarded grants in Indiana.
What is Ross Ade Foundation's EIN?
Ross Ade Foundation's EIN (Employer Identification Number) is 35-6026021. 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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