Arkansas · Nonprofit
ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC
ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC (Arkansas) receives grants from 48 organizations whose IRS filings report $19,854,982 to it, the largest being WINDGATE CHARITABLE FOUNDATION INC ($9,482,567). 24 of them have funded it in more than one year.
- Revenue FY2025
- $32M
- Funders on record
- 48
- Grants received
- $20M
- Net assets
- $175M
What Arkansas State University System Foundation Inc does
Mission
The primary purpose of the arkansas state university system foundation, inc. (the foundation) is to receive, solicit, accept and hold, administer, invest and disburse any and every kind of property for such education, scientific, literary, research and service activities from individuals and organizations, including foundations, government agencies, and private businesses, to support the corporation's activities, and it shall manage endowments given to the corporation for the benefit of all the arkansas state university system campuses operations, sites and facilities.
As stated on its FY2025 Form 990.
Programs
Asu support:the primary purpose of the arkansas state university system foundation, inc. (the foundation) is to receive, solicit, accept and hold, administer, invest and disburse any and every kind of property for such education, scientific, literary, research and service activities from individuals and organizations, including foundations, government agencies, and private businesses, to support the corporation's activities, and it shall manage endowments given to the corporation for the benefit of all the arkansas state university system campuses operations, sites and facilities.
$10,716,010 spentof which $10,716,010 as grants74% of program spendingAsu academic support:the arkansas state university system foundation, inc. Provides financial assistance to all member campuses of the arkansas state univeristy system and related entities in support of teaching, research, distance learning, library media services, economic development and outreach programs by supplementing university budgets for supplies and services, travel, equipment, technology, human resources and all other costs related to the university's academic mission.
$2,309,714 spent16% of program spendingAdministrative support:the arkansas state university system foundation, inc. Provides financial assistance to all member campuses of the arkansas state univeristy system in support of administrative functions like academic affairs, student affairs, residence life, recruiting, counseling, facilities management, advancement, alumni relations, information technology, career management, disability services ad diversity initiatives by supplementing university budgets for supplies and services, travel, equipment, technology, human resources and all other costs related to the university's academic mission.
$769,905 spent5% of program spendingAsu student support:the arkansas state university system foundation, inc. Provides financial assistance to all member campuses of the arkansas state univeristy system through academic scholarships, awards, stipends, grants and general support for various student activities. The majority of financial assistance to students is made by way of transfers to arkansas state university.
$769,905 spent5% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $14,565,534.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $130M to $167M (+29%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
59% of ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Charlotte Razer
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 8 funders to 19 funders, grant income rose $619k → $1.3M.
11 of 48 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 10% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $570k from one payer (the payer shares this organization's board, largest Arkansas State University Real Estate Foundation Inc). These are real filings, and they are not money ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC raised.
From the IRS filings of ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC’s funders (the co-funder graph). Top 30 of 48 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC leans on a few funders — its largest provides 48% of grant income and the top three 68%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
37% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC.
Largest funder’s share by year: 2017 39% · 2018 75% · 2019 40% · 2020 31% · 2021 55% · 2022 27% · 2023 22% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
46% of ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
89% of ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC's grant income comes from Arkansas funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.0M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC runs a healthier operating margin than three-quarters of the 3,758 education nonprofits its size.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Organizations like ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Arkansas
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
98% of spending goes to programs.
Governance
Public support
35%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 9 related entities
- Arkansas State University - Jonesboro · exempt
- Arkansas State University - Beebe · exempt
- Arkansas State University - Mountain Home · exempt
- Arkansas State University - Newport · exempt
- Arkansas State University Alumni Association Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC?
- ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC (Arkansas) receives grants from 48 organizations whose IRS filings report $19,854,982 to it, the largest being WINDGATE CHARITABLE FOUNDATION INC ($9,482,567). 24 of them have funded it in more than one year.
- How many funders does ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC have?
- IRS filings report 48 organizations giving $19,854,982 in grants to ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC, 24 of which have funded it in more than one year.
- Who is the largest funder of ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC?
- WINDGATE CHARITABLE FOUNDATION INC is the largest funder on record, with $9,482,567 in grants. The full list of funders is on this page.
- How can an organization like ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Arkansas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 48 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing