TO PROVIDE FUNDRAISING AND OTHER SUPPORT TO FURTHER THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF ITS CONTROLLING ENTITY, MOUNT NITTANY HEALTH SYSTEM.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.3M
+24.5% YoY
Annual Giving
$3.6M
+23.6% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$1.8M
+85.4% YoY
About The Foundation for Mount Nittany
Based on IRS filings
The Foundation for Mount Nittany is a nonprofit organization focused on Health, based in STATE COLLEGE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.3M in total assets. In 2024, it awarded 2 grants totaling $3.6M. Net investment income was $34K.
Focus Areas
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,256,882 | $19,480,920 | $15,006,858 |
| Revenue | $7,629,084 | $6,254,654 | $6,079,084 |
| Expenses | $4,930,849 | $3,874,054 | $2,836,639 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $34,336 | $-152,325 | $3,925,917 |
| 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 2 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mount Nittany Medical Center ($3,526,731), Mount Nittany Medical Center Health Services ($106,723).
| Recipient | Purpose | Amount |
|---|---|---|
| MOUNT NITTANY MEDICAL CENTER STATE COLLEGE, PA | PROVIDE FINANCIAL SUPPORT TO AFFILIATE | $3,526,731 |
| MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES STATE COLLEGE, PA | PROVIDE FINANCIAL SUPPORT TO AFFILIATE | $106,723 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM P HAYES | CHAIR | 2 | — |
| KAY KUSTANBAUTER | VICE CHAIR | 2 | — |
| KASANDRA A BOTTI DO | SECRETARY | 2 | — |
| THOMAS J TARICANI | TREASURER | 2 | — |
| KATHLEEN RHINE | CEO/OFFICER/DIRECTOR | 2 | — |
| BETH KALENAK | DIRECTOR | 2 | — |
| TED OYLER | DIRECTOR | 2 | — |
| PAUL TOMCZUK | DIRECTOR | 2 | — |
| THEODORE ZIFF MD | DIRECTOR | 2 | — |
| ADRIENNE KRASOWITZ | EXECUTIVE DIRECTOR | 40 | $185,894 |
| BRYAN ROACH | EXECUTIVE VP/CFO | 2 | — |
| LANCE ROSE | FORMER CEO/OFFICER/DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Foundation for Mount Nittany?
The Foundation for Mount Nittany is a nonprofit organization focused on Health, based in STATE COLLEGE, PA. It holds $24.3M in total assets as of 2024.
How large is The Foundation for Mount Nittany?
As of 2024, The Foundation for Mount Nittany holds $24.3M in total assets with $7.6M in annual revenue. It awarded 2 grants totaling $3.6M in 2024.
Where does The Foundation for Mount Nittany operate?
The Foundation for Mount Nittany has awarded grants in Pennsylvania.
What size grants does The Foundation for Mount Nittany award?
In 2024, The Foundation for Mount Nittany awarded 2 grants totaling $3.6M — an average of about $1.8M per grant, based on its IRS Form 990 filings.
What is The Foundation for Mount Nittany's EIN?
The Foundation for Mount Nittany's EIN (Employer Identification Number) is 57-1138956. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Foundation for Mount Nittany'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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