THE MISSION OF THE FALCON FOUNDATION IS TO FURTHER THE OPPORTUNITY FOR HIGHLY MOTIVATED, EXCEPTIONAL, YOUNG MEN AND WOMEN TO ATTEND THE UNITED STATES AIR FORCE ACADEMY (CONTINUED ON SCH. O)
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33.6M
+11.8% YoY
Annual Giving
$611K
-4.9% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$102K
-4.9% YoY
About The Falcon Foundation
Based on IRS filings
The Falcon Foundation is a nonprofit organization focused on Education, based in USAF ACADEMY, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $33.6M in total assets. In 2024, it awarded 6 grants totaling $611K. Net investment income was $1.3M.
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 | $33,635,989 | $30,097,529 | $27,349,107 |
| Revenue | $1,678,308 | $1,362,520 | $1,004,255 |
| Expenses | $958,343 | $979,290 | $868,045 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,255,452 | $648,672 | $713,436 |
| 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 6 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwestern Preparatory ($233,550), Randolph-Macon Academy ($110,700), Georgia Military College ($88,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Marion Military Institute Marion, AL | Scholarship Payments | $50,850 |
| New Mexico Military Institute Roswell, NM | Scholarship Payments | $61,624 |
| Northwestern Preparatory Crestline, CA | Scholarship Payments | $233,550 |
| Randolph-Macon Academy Front Royal, VA | Scholarship Payments | $110,700 |
| United States Air Force Academy USAFA, CO | Support of Academy Programs | $66,000 |
| Georgia Military College Milledgeville, GA | Scholarship Payments | $88,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sharon Cooper | Director of Op and Comptroller | 40 | $107,015 |
| Steve Lorenz | President | 20 | $115,098 |
| William Begert | Chairman | 1 | — |
| Matthew Byrd | Vice President | 1 | — |
| Robin Rand | Vice Chairman | 1 | — |
| Jason Herman | Finance Committee Chair | 1 | — |
| Kathy Barchick To 42024 | Investment Committee Chair | 1 | — |
| Charles Heflebower To 92023 | At Large Governing Trustee | 1 | — |
| Leon Johnson | Nominating Committee Chair | 1 | — |
| John Dallager | Compensation Committee Chair | 1 | — |
| Carolyn Benyshek | Scholarship Committee Chair | 1 | — |
| Edward Rice To 42024 | Gov & Strat Committee Chair | 1 | — |
| Kate MacIntosh | At Large Governing Trustee | 1 | — |
| Nicholas Wilson | Audit Committee Chair | 1 | — |
| William Looney | At Large Governing Trustee | 1 | — |
| Howie Chandler From 42024 | Gov & Strat Committee Chair | 1 | — |
| Eric Holt From 42024 | Investment Committee Chair | 1 | — |
| Michael Moeller From 92023 | At Large Governing Trustee | 1 | — |
| Janet Wolfenbarger From923 | At Large Governing Trustee | 1 | — |
| Dale Meyerrose | Treasurer | 1 | — |
| Rita Jordan | Secretary | 1 | — |
| Jarisse Sanborn | VP and General Counsel | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Falcon Foundation?
The Falcon Foundation is a nonprofit organization focused on Education, based in USAF ACADEMY, CO. It holds $33.6M in total assets as of 2024.
How large is The Falcon Foundation?
As of 2024, The Falcon Foundation holds $33.6M in total assets with $1.7M in annual revenue. It awarded 6 grants totaling $611K in 2024.
Where does The Falcon Foundation operate?
The Falcon Foundation has awarded grants in Alabama, California, Colorado, Georgia, New Mexico, Virginia.
What size grants does The Falcon Foundation award?
In 2024, The Falcon Foundation awarded 6 grants totaling $611K — an average of about $102K per grant, based on its IRS Form 990 filings.
What is The Falcon Foundation's EIN?
The Falcon Foundation's EIN (Employer Identification Number) is 75-6016930. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Falcon Foundation'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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