US Naval Academy Foundation Inc
US Naval Academy Foundation Inc at a glance
In short: US Naval Academy Foundation Inc gave $32.7M across 2 grants in 2025 (avg $16.3M), mostly in Maryland. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $32,679,270
- +3.6% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $16,339,635
- +3.6% vs 2024
- Median grant
- $16,339,635
- Total assets
- $418,994,710
- +13.5% vs 2024
- Primary geography
- Maryland (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who US Naval Academy Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was US Naval Academy ($28.6M). Together the top 2 received $32.7M.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was $5M or more: 6 grants of 10 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How US Naval Academy Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $23.4M (2021) to $39.3M (2020). In 2025 it made 2 grants totaling $32.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| US Naval Academy Annapolis, MD | General Support | $28,592,760 |
| US Naval Academy Alumni Association Inc Annapolis, MD | General Support | $4,086,510 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $418,994,710 | $79,865,558 | $47,764,827 | $32,679,270 | 2 | $11,082,463 |
| 2024 | $369,145,916 | $60,735,637 | $43,615,672 | $31,537,792 | 2 | $10,388,704 |
| 2023 | $327,456,944 | $42,720,596 | $44,107,220 | $32,839,671 | 2 | $6,266,494 |
| 2022 | $305,968,176 | $47,603,619 | $48,937,066 | $38,347,873 | 2 | $13,532,851 |
| 2021 | $331,714,377 | $53,070,983 | $32,813,829 | $23,391,501 | 2 | $6,993,713 |
| 2020 | $271,795,250 | $66,993,780 | $48,811,477 | $39,309,861 | 2 | $12,357,822 |
| 2019 | $258,055,027 | $53,398,115 | $48,389,329 | $36,546,614 | 2 | $3,504,502 |
About US Naval Academy Foundation Inc
Based on IRS filings
US Naval Academy Foundation Inc is a public charity focused on Education, based in Annapolis, MD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $419.0M in total assets. In 2025, it awarded 2 grants totaling $32.7M. Net investment income was $11.1M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
US Naval Academy Foundation Inc is led by Jeffrey R. Webb, President & CEO since 2023 (on filings since 2022); 14 of 56 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jeffrey R. Webb
President & CEO
Director → President & CEO, 2023
On filings since 2022
36 hrs/week
$188K (2023) → $351K (2025)
Lisa Strobel
Executive Director of Finance
CFO & Treasurer → Senior Director Finance & Treasurer Ops, 2022
Senior Director Finance & Treasurer Ops → Executive Director of Finance, 2024
On filings since 2020
27.5 hrs/week
$96K (2020) → $123K (2025)
Adrianna Bitoun
Executive Director & Star Team
On filings since 2024
50 hrs/week
$138K (2024) → $143K (2025)
Joy Jones
Executive Director & Human Resources
On filings since 2024
27.5 hrs/week
$85K (2024) → $92K (2025)
Natalie Brianas
Executive Director, Donor Eng & Strat Ptnr
On filings since 2024
50 hrs/week
$133K (2024) → $143K (2025)
Ashley J. Bauer
Managing Regional Director & Development
On filings since 2024
50 hrs/week
$129K (2024) → $139K (2025)
Garrett Keating
Director
On filings since 2024
27.5 hrs/week
$83K (2024) → $88K (2025)
Adm Mark E. Ferguson Iii Usn Ret
Director
Vice Chair & Director → Director, 2021
On filings since 2019
2 hrs/week
No compensation reported
Alfred E. Festa
Director
On filings since 2019
2 hrs/week
No compensation reported
Amb Richard L. Armitage
Director
On filings since 2019
2 hrs/week
No compensation reported
C. Michael Petters
Director
On filings since 2019
2 hrs/week
No compensation reported
David B. Rich
Director
On filings since 2019
2 hrs/week
No compensation reported
Greer O. Lautrup
Director
On filings since 2019
2 hrs/week
No compensation reported
J. Ronald Terwilliger
Director
On filings since 2019
2 hrs/week
No compensation reported
Jerrold L. Miller
Director
On filings since 2019
2 hrs/week
No compensation reported
John F. Young
Director
On filings since 2019
2 hrs/week
No compensation reported
Kevin W. Sharer
Director
On filings since 2019
2 hrs/week
No compensation reported
Majgen Charles F. Bolden Jr Usmc R.
Director
On filings since 2019
2 hrs/week
No compensation reported
Mary Looker
Director
On filings since 2019
2 hrs/week
No compensation reported
Paul B. Prager
Director
On filings since 2019
2 hrs/week
No compensation reported
Radm Cynthia M. Thebaud Usn Ret
Director
On filings since 2019
2 hrs/week
No compensation reported
Timothy P. Sullivan
Director
On filings since 2019
2 hrs/week
No compensation reported
Vadm John R. Ryan Usn Ret
Director
On filings since 2019
2 hrs/week
No compensation reported
Lcdr Ronald L. Nicol Usnr
Director
On filings since 2020
2 hrs/week
No compensation reported
Michael W. Taylor
Director
On filings since 2020
2 hrs/week
No compensation reported
Scott W. Wine
Director
On filings since 2020
2 hrs/week
No compensation reported
Vadm Jan Tighe Usn
Director
On filings since 2020
2 hrs/week
No compensation reported
Cdr John M. Dillon Usnr Ret
Director
On filings since 2021
2 hrs/week
No compensation reported
Charles H. Cannon Jr.
Director
On filings since 2021
2 hrs/week
No compensation reported
Charley Moore
Director
On filings since 2021
2 hrs/week
No compensation reported
J. Michael Yeager
Director
On filings since 2021
2 hrs/week
No compensation reported
John F. Crowley
Director
On filings since 2021
2 hrs/week
No compensation reported
Mary Kay Wegner
Director
On filings since 2021
2 hrs/week
No compensation reported
Matthew R. Gibson
Director
On filings since 2021
2 hrs/week
No compensation reported
Patrick Sullivan
Director
On filings since 2021
2 hrs/week
No compensation reported
Robert V. Pragada
Director
On filings since 2021
2 hrs/week
No compensation reported
Thomas C. Knudson
Director
On filings since 2021
2 hrs/week
No compensation reported
Tig H. Krekel
Director
On filings since 2021
2 hrs/week
No compensation reported
David P. Dawson
Director
On filings since 2022
2 hrs/week
No compensation reported
Joanna Sohovich
Director
On filings since 2022
2 hrs/week
No compensation reported
Lynne Atkinson
Director
On filings since 2023
2 hrs/week
No compensation reported
Michael Hemocovich
Director
On filings since 2023
2 hrs/week
No compensation reported
Vadm Mary Jackson
Director
On filings since 2023
2 hrs/week
No compensation reported
George Dennis
Director
On filings since 2024
2 hrs/week
No compensation reported
James Bell
Director
On filings since 2024
2 hrs/week
No compensation reported
John Semcken
Director
On filings since 2024
2 hrs/week
No compensation reported
Radm Ab Cruz III
Director
On filings since 2024
2 hrs/week
No compensation reported
William Davis
Director
On filings since 2024
2 hrs/week
No compensation reported
John Underwood
Director
New on the 2025 filing
2 hrs/week
No compensation reported
William O'Connor
Secretary & Executive Vice President Development
On filings since 2019
50 hrs/week
$328K (2019) → $396K (2025)
Mike Hoffman
Vice President & Regional Development
Executive Director & Regional Development → Vice President & Regional Development, 2024
On filings since 2021
50 hrs/week
$130K (2021) → $187K (2025)
Donald Hughes
Vice President Athletic & Scholarship
Vice President Athletic & Scholarship Pr → Vice President Athletic & Scholarship, 2025
On filings since 2022
50 hrs/week
$183K (2022) → $231K (2025)
Robert W. Gast
Former Executive Vice President, CFO & Treasurer
CFO & Treasurer → Executive Vice President, CFO & Treasurer, 2024
Executive Vice President, CFO & Treasurer → Former Executive Vice President, CFO & Treasurer, 2025
On filings since 2022
$125K (2022) → $170K (2025)
Timothy Smith
Dr & Financial Reporting
Director & Financial Reporting → Dr & Financial Reporting, 2024
On filings since 2023
27.5 hrs/week
$82K (2023) → $88K (2025)
Jordan Bailey
Senior Ad & Enterprise Network
Senior Ad, Enterprise Network & Security → Senior Ad & Enterprise Network, 2025
On filings since 2024
27.5 hrs/week
$72K (2024) → $76K (2025)
John Coppola
Executive Vice President, CFO & Treasurer
New on the 2025 filing
33 hrs/week
$55K (2025)
Former officers (37)
- Former: Richard L. Keyser (2019–2024) — Director
- Former: William A. Bastian II (2020–2024) — Director
- Former: Harry Coker Jr. (2021–2024) — Director
- Former: Byron F. Marchant (2019–2023) — Former President & CEO
- Former: Harry Yeiser (2019–2023) — Sen Director & Annual Programs
- Former: John Rudder (2019–2023) — Vice President Development
- Former: Steven S. Reinemund (2019–2023) — Director
- Former: David T. Perry (2020–2023) — Director
- Former: Jim Bell (2023) — Director
- Former: Patricia Bender (2023) — Senior Director & Planned Giving
- Former: Daniel F. Akerson (2019–2022) — Director
- Former: Eric P. Grubman (2019–2022) — Director
- Former: Jenny K. Messner (2019–2022) — Director
- Former: Frankie Mevlin (2022) — Regional Director & Development
- Former: Michael Hecomovich (2022) — Director
- Former: Patti Bender (2022) — Senior Director & Planned Giving
- Former: Frankie Melvin (2019–2021) — Regional Director & Development
- Former: Gen Carlton W. Fulford Jr Usmc Ret (2019–2021) — Director
- Former: George Campbell Jr. (2019–2021) — Director
- Former: Kelly Rollison (2019–2021) — Senior Director & Advancement
- Former: Philip M. Bilden (2019–2021) — Director
- Former: Robert Bellas (2019–2021) — Director
- Former: The Honorable Michele A. Flournoy (2019–2021) — Director
- Former: Bob Gast (2021) — CFO & Treasurer
- Former: Bryan Roach (2019–2020) — CFO, Treasurer & Assistant Secretary
- Former: Charles S. Garber Jr. (2019–2020) — Director
- Former: Dena Patterson (2019–2020) — Campaign Director & Pgo
- Former: Edward Wallace (2019–2020) — Vice President A & S Pr
- Former: Geraldine S. Farmer (2019–2020) — Former Key Employee
- Former: Roger T. Staubach (2019–2020) — Director
- Former: Adm Cecil D. Haney Usn (2020) — Director
- Former: Capt James A. Lovell Jr Usn (2020) — Director
- Former: Cdr John M. Dillon Usnr (2020) — Director
- Former: Christian H. Poindexter (2020) — Director
- Former: J. Willard Marriott Jr. (2020) — Director
- Former: Thomas C. Knudson Usna (2019) — Director
- Former: Tig H. Krekel Usna (2019) — 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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $396K, to William O'Connor (Sec/EVP Dev (See Sch J)). 14 officers or directors reported compensation on that filing.
Frequently asked questions about US Naval Academy Foundation Inc
How much does US Naval Academy Foundation Inc give each year?
US Naval Academy Foundation Inc gave $32.7M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $31.5M across 2 grants.
How large is US Naval Academy Foundation Inc?
US Naval Academy Foundation Inc reported $419.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $79.9M.
What is US Naval Academy Foundation Inc?
US Naval Academy Foundation Inc is a public charity focused on Education, based in Annapolis, MD. It holds $419.0M in total assets as of 2025.
Where does US Naval Academy Foundation Inc operate?
US Naval Academy Foundation Inc has awarded grants in Maryland.
What is US Naval Academy Foundation Inc's EIN?
US Naval Academy Foundation Inc's EIN (Employer Identification Number) is 23-7003516. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 26, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 20, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS April 27, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS March 9, 2020)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in US Naval Academy Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). US Naval Academy Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/us-naval-academy-foundation-inc-morg_f00bb295cc3b4c3baf623eb4c9c82d9c
BibTeX
@misc{grantable_237003516_2026,
author = {{Grantable}},
title = {{US Naval Academy Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/us-naval-academy-foundation-inc-morg_f00bb295cc3b4c3baf623eb4c9c82d9c},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from US Naval Academy Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
US Naval Academy Foundation Inc down — hundreds of funders to go?