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· Public charity

Air Force Academy Foundation

To be an association and foundation of influence and impact, supporting the academy's enduring mission of developing leaders of character for the nation, and providing a lifetime of service to the long blue line.

$8.0M
Granted FY2025still arriving
7
Grants FY2025still arriving
1
States reached
$1.2M
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Recreation & Sports$42MEducation$32MPublic Benefit$2.8MScience & Tech$607k
02FY2025 · 7 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 7 grants below total $2,644,443, the rows itemized in this filing. The $8,046,558 headline is the total grant expense on the return; the other $5,402,115 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • $10k–50k1 grant · $10k
  • $50k–250k2 grants · $187k
  • $250k+4 grants · $2.4M
$279,114
Median grant
1
States reached
$191M
Total assets
Largest grants
RecipientAmount
Individual grant recipient$1,164,919
ASSOCIATION OF GRADUATES$507,034
AIR FORCE ACADEMY ATHLETIC ASSOCIATION$496,004
ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE$279,114
AIR FORCE ACADEMY REAL ESTATE TRUST$132,440
FALCON FOUNDATION$54,932
BOLT BROTHERHOOD$10,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–25) land where the poverty rate runs at 9%, against an area that typically sits at 8%. 100% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 8%BOLT BROTHERHOOD: $10k → 9%Way of Life Affinity Group of the USAF Academy: $11k → 9%ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE: $279k → 9%Academy Research and Development Institute: $261k → 9%Academy Research and Development Institute: $67k → 9%AIR FORCE ACADEMY ATHLETIC Association: $30.7M → 9%UNITED STATES AIR FORCE ACADEMY: $8.3M → 9%UNITED STATES AIR FORCE ACADEMY: $5.5M → 9%AIR FORCE ACADEMY ATHLETIC CORPORATION: $5.1M → 9%UNITED STATES AIR FORCE ACADEMY: $4.5M → 9%AIR FORCE ACADEMY ATHLETIC CORPORATION: $3.7M → 9%UNITED STATES AIR FORCE ACADEMY: $2.8M → 9%UNITED STATES AIR FORCE ACADEMY: $2.2M → 9%UNITED STATES AIR FORCE ACADEMY: $1.7M → 9%US Treasury: $1.7M → 9%AIR FORCE ACADEMY ATHLETIC CORPORATION: $1.5M → 9%US TREASURY: $1.2M → 9%ASSOCIATION OF GRADUATES OF THE USAFA: $1.0M → 9%Air Force Academy Real Estate Trust: $1.0M → 9%ASSOCIATION OF GRADUATES OF THE USAFA: $892k → 9%ASSOCIATION OF GRADUATES OF THE USAFA: $890k → 9%ASSOCIATION OF GRADUATES OF THE USAFA: $868k → 9%ASSOCIATION OF GRADUATES: $507k → 9%AIR FORCE ACADEMY ATHLETIC ASSOCIATION: $496k → 9%AIR FORCE ACADEMY ATHLETIC CORPORATION: $472k → 9%ASSOCIATION OF GRADUATES OF THE USAFA: $457k → 9%ASSOCIATION OF GRADUATES OF THE USAFA: $419k → 9%ASSOCIATION OF GRADUATES OF THE USAFA: $394k → 9%AIR FORCE ACADEMY ATHLETIC CORPORATION: $174k → 9%AIR FORCE ACADEMY REAL ESTATE TRUST: $132k → 9%Air Force Academy Real Estate Trust: $100k → 9%FALCON FOUNDATION: $68k → 9%FALCON FOUNDATION: $42k → 9%FALCON FOUNDATION: $38k → 9%FALCON FOUNDATION: $16k → 9%FALCON FOUNDATION: $15k → 9%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

100%of every dollar goes to organizations it has funded before.
$78M · 7 repeat orgs$21k to everyone else

7 repeat relationships: 6 still active in FY2025, 1 since wound down; 1 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

7
1

Total granted

$78M
$11k

Still filing today

57%
0%

New vs renewed · share of each year

In FY2025, 100% of grant dollars renewed an existing relationship; $10k went to new ones.

50%100%’17’18’19’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’21’22’23’24’25
EducationRecreation & SportsOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • AF
    AIR FORCE ACADEMY ATHLETIC CORPORATION
    8× · 2017–2025 · $42M
  • US
    UNITED STATES AIR FORCE ACADEMY
    6× · 2017–2023 · $25M
  • AO
    ASSOCIATION OF GRADUATES OF THE UNITED STATES AIR FORCE ACADEMY
    8× · 2017–2025 · $5.5M · revenue -8%

Funded once

  • WO
    WAY OF LIFE AFFINITY GROUP OF THE USAF ACADEMY ASSOCIATION
    one grant, 2024 · $11k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field
04the grantee network

5 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 5 of the 9 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
5/5
Grantees still filing
1/5
Grew since first funded

Where the money sits, by cause and then by grantee

AIR FORCE ACADEMY ATHLETIC CORPORATION: $42,178,135 · OtherAIR FORCE ACADEMY ATHLETIC CORPORATIONUNITED STATES AIR FORCE ACADEMY: $25,078,078 · OtherUNITED STATES AIR FORCE ACADEMYIndividual grant recipient: $2,835,806 · Other+2 more: $617,904 · OtherASSOCIATION OF GRADUATES OF THE UNITED STATES AIR FORCE ACADEMY: $5,455,790 · EducationASSOCIATIO…AIR FORCE ACADEMY REAL ESTATE TRUST: $1,232,440 · EducationAIR FORCE …The Falcon Foundation: $233,211 · EducationAIR FORCE FOOTBALL PLAYERS ASSOCIATION: $10,000 · Recreation & Sports
Other$70,709,923Education$6,921,441Recreation & Sports$10,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10Mgrantee revenue →↑ funder's share of their budgetASSOCIATION OF GRADUATES OF THE UNITED STATES AIR FORCE ACADEMY: $5,455,790 over 8y, 13% of budgetAIR FORCE ACADEMY REAL ESTATE TRUST: $1,232,440 over 3y, 100% of budgetAcademy Research and Development Institute: $607,160 over 3y, 6.7% of budgetThe Falcon Foundation: $233,211 over 6y, 5.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds ASSOCIATION OF GRADUATES OF THE UNITED STATES AIR FORCE ACADEMY ↗
  • Who funds AIR FORCE ACADEMY REAL ESTATE TRUST ↗
  • Who funds Academy Research and Development Institute ↗
  • Who funds The Falcon Foundation ↗
  • Who funds AIR FORCE FOOTBALL PLAYERS ASSOCIATION ↗

How much its grantees rely on government

Each dot is one organization Air Force Academy Foundation funds: left to right is the share of its income from government, bottom to top the share from Air Force Academy Foundation. Bigger dots raise more.

2025
’20’21’22’23’24’25
no gov · 00%6%25%56%100%funder's share of their income ↑0%1%3%4%5%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    0rely on government for over half their income
    ⤢ axis zoomed · 0–5%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 9 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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