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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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