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 THROUGH THE AWARD OF FALCON FOUNDATION SCHOLARSHIPS AT JUNIOR COLLEGE AND PREPARATORY SCHOOLS, ENABLING THEM TO PURSUE A CAREER IN THE UNITED STATES AIR FORCE AND SPACE FORCE.
Key facts about The Falcon Foundation
- EIN
- 75-6016930
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $631,255
- Grants made (2025)
- 6
- Average grant
- $105,209
- Median grant
- $88,088
- Total assets
- $37,359,903
- Primary geography
- California (34% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Falcon Foundation funds
By grant dollars, the top recipient states for The Falcon Foundation's 6 itemized 2025 grants were California (34%), Virginia (21%) and Alabama (17%). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship Payments" (5 grants).
How The Falcon Foundation gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Falcon Foundation
- How to evaluate The Falcon Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$37.4M
+11.1% YoY
Annual Giving
$631K
+3.4% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$105K
+3.4% 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 2019 through 2025. As of 2025, the organization holds $37.4M in total assets. In 2025, it awarded 6 grants totaling $631K. Net investment income was $1.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $37,359,903 | $33,635,989 | $30,097,529 |
| Revenue | $1,561,375 | $1,678,308 | $1,362,520 |
| Expenses | $1,014,051 | $958,343 | $979,290 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,139,984 | $1,255,452 | $648,672 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 17, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 3, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 29, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 6, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS January 31, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 23, 2026)
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 2025
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Northwestern Preparatory ($216,250), Randolph-Macon Academy ($135,300), Marion Military Institute ($110,175).
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern Preparatory Crestline, CA | Scholarship Payments | $216,250 |
| Randolph-Macon Academy Front Royal, VA | Scholarship Payments | $135,300 |
| Marion Military Institute Marion, AL | Scholarship Payments | $110,175 |
| United States Air Force Academy Usafa, CO | Support of Academy Programs | $66,000 |
| Georgia Military College Milledgeville, GA | Scholarship Payments | $64,000 |
| New Mexico Military Institute Roswell, NM | Scholarship Payments | $39,530 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Steve Lorenz | President & CEO | 20 | $127,173 |
| Sharon Cooper | Director of Op and Comptroller | 40 | $110,095 |
| William Begert | Chairman (To 10/2024) | 1 | — |
| Robin Rand | Vice Chairman | 1 | — |
| Jason Herman | Finance Committee Chair | 1 | — |
| Leon Johnson | Nominating Committee Chair | 1 | — |
| John Dallager | Compensation Committee Chair | 1 | — |
| Carolyn Benyshek | Scholarship Committee Chair | 1 | — |
| Kate MacIntosh TO 052025 | At Large Governing Trustee | 1 | — |
| Nicholas Wilson | Audit Committee Chair | 1 | — |
| William Looney TrusteeTo 10 | 2024)Chairman (From 10/2024) | 1 | — |
| Carrol Chandler | Gov & Strat Committee Chair | 1 | — |
| Eric Holt | Investment Committee Chair | 1 | — |
| Michael Moeller | At Large Governing Trustee | 1 | — |
| Janet Wolfenbarger | At Large Governing Trustee | 1 | — |
| Sue Ross From 102024 | At Large Governing Trustee | 1 | — |
| Matthew Byrd | Vice President | 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 $37.4M in total assets as of 2025.
How large is The Falcon Foundation?
As of 2025, The Falcon Foundation holds $37.4M in total assets with $1.6M in annual revenue. It awarded 6 grants totaling $631K in 2025.
Where does The Falcon Foundation operate?
The Falcon Foundation has awarded grants in Alabama, California, Colorado, Connecticut, Georgia, New Mexico, Texas, Virginia.
What size grants does The Falcon Foundation award?
In 2025, The Falcon Foundation awarded 6 grants totaling $631K — an average of about $105K 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 2019–2025.
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