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South Dakota · Nonprofit

CRAZY HORSE MEMORIAL FOUNDATION

CRAZY HORSE MEMORIAL FOUNDATION (South Dakota) receives grants from 96 organizations whose IRS filings report $5,054,769 to it, the largest being SOUTH DAKOTA COMMUNITY FOUNDATION ($2,256,720). 48 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$13M
Funders on record
96
Grants received
$5.1M
Net assets
$140M
48/96 repeat funderspeak grant-dependency 6%
01What it does

What Crazy Horse Memorial Foundation does

Mission

The mission of Crazy Horse Memorial Foundation is to protect and preserve the cultures, traditions, and living heritage of the north american indians. Crazy horse memorial remains committed to the promise sculptor korczak ziolkowski made to chief henry standing bear and other native elders in response to their invitation to carve and maintain a monument celebrating native american culture. Today, crazy horse memorial stands as a beacon to the world with hundreds of thousands of people visiting each year. The iconic monument raises interest and welcomes all to visit, learn, and be inspired by the culture, traditions, and wisdom of native americans. Since its founding in 1948, Crazy Horse Memorial Foundation has demonstrated its commitment to fulfilling the mission through four major projects - the world's largest sculpture in progress of lakota leader crazy horse, the indian museum of north america, the native american and educational cultural center, and crazy horse memorial university

As stated on its FY2025 Form 990.

Program

  1. The colossal mountain carving of crazy horse (tasunke witco c.1840-1877) riding his steed out of the granite of the black hills (he sapa) gesturing forward as he proclaims, "my lands are where my dead lie buried," will be approximately 641 feet long and 563 feet high when complete. Crazy horse's completed face currently stands 87 feet and 6 inches high. Comparisons to other famous landmarks provide perspective; for example, the statue of liberty is 305 feet tall, the washington monument is 554 feet and 7 inches high, and the great pyramid of giza in egypt stands 455 feet tall. Current carving efforts focus on the horse's mane, the top of crazy horse's head, and the right shoulder. The left hand has been largely finished, along with much of the left forearm, as well as tremendous progress along the whole length of the left arm on the backside of the carving. The horse's mane will take time given its sheer magnitude - roughly 32,000 square feet of surface area to be carved. A large tower crane has been installed, facilitating carving. The mountain crew uses labor-intensive techniques for this delicate phase of carving. Many of the ongoing changes on the monumental sculpture are…

    $5,914,205 spentof which $162,134 as grants$4,869,820 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $5,914,205.

02The organization over time

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.

100 = 20172017 Revenue 100 ($12M) Expenses 100 ($6.5M) Net assets 100 ($72M)2018 Revenue 102 ($13M) Expenses 106 ($6.9M) Net assets 108 ($78M)2019 Revenue 78 ($9.7M) Expenses 105 ($6.8M) Net assets 112 ($80M)2020 Revenue 166 ($21M) Expenses 96 ($6.3M) Net assets 132 ($95M)2021 Revenue 106 ($13M) Expenses 99 ($6.4M) Net assets 142 ($102M)2022 Revenue 240 ($30M) Expenses 112 ($7.3M) Net assets 169 ($121M)2023 Revenue 116 ($14M) Expenses 128 ($8.3M) Net assets 179 ($129M)2024 Revenue 110 ($14M) Expenses 137 ($8.9M) Net assets 189 ($136M)2025 Revenue 107 ($13M) Expenses 154 ($10M) Net assets 195 ($140M)
'17'18'19'20'21'22'23'24'25
Revenue (107)Expenses (154)Net assets (195)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $105M to $122M (+17%).

$81M
$86M
$87M
$99M
$105M
$122M
$130M
$137M
$142M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

44% of CRAZY HORSE MEMORIAL FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (58% for the typical peer).

This organization
Typical peer · 812 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$5.9M
’17
$5.7M
’18
$2.9M
’19
$14M
’20
$6.7M
’21
$22M
’22
$6.0M
’23
$4.7M
’24
$3.2M
’25
5.3
months of
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.

Chief executive

Whitney Rencountre Ii

CEO

Board chair

Kay Jorgensen

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed272527292827283233
Joined·+1+4+5+5+7+6+12+5
No longer listed·32368584
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 14 funders to 37 funders, grant income rose $462k → $566k.

26 of 96 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 73% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CRAZY HORSE MEMORIAL FOUNDATION’s funders (the co-funder graph). Top 30 of 96 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

CRAZY HORSE MEMORIAL FOUNDATION leans on a few funders — its largest provides 45% of grant income and the top three 58%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

75% 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 CRAZY HORSE MEMORIAL FOUNDATION.

45%
largest funder
58%
top three
~5
effective funders

Largest funder’s share by year: 2017 58% · 2018 50% · 2019 51% · 2020 53% · 2021 53% · 2022 48% · 2023 51% — 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

37% of CRAZY HORSE MEMORIAL FOUNDATION's funders are still giving 3 years after their first grant; 50% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

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

73% of CRAZY HORSE MEMORIAL FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.4M that is directly attributable, 84% of it comes from funders outside South Dakota, across 27 states.

ME
WA
MT
MN
IL
WI
MI
NY
MA
WY
SD
IN
OH
PA
NJ
CT
RI
CA
CO
NE
DE
TN
NC
DC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
South Dakota out of state home

Funder states come from each funder’s own filing. $3.7M arriving through sponsors registered in 18 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.

04Its place in the field

Against its field

CRAZY HORSE MEMORIAL FOUNDATION runs a healthier operating margin than half of the 550 arts & culture nonprofits its size.

Operating margin24% · above the median
Months of reserve5.3mo · above the median
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 550 arts & culture nonprofits $10M–$100M, FY2025

Organizations like CRAZY HORSE MEMORIAL FOUNDATION

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 South Dakota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

59% of spending goes to programs.

Program 59%Management 25%Fundraising 16%

Governance

26
board members
88%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

61%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 39 states

AK
ME
NH
WA
ND
MN
IL
WI
MI
NY
MA
OR
NV
OH
PA
NJ
CT
RI
CA
UT
CO
KY
WV
VA
MD
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
FL

Screen this organization

A dated, signed PDF of the compliance screen for CRAZY HORSE MEMORIAL FOUNDATION: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 CRAZY HORSE MEMORIAL FOUNDATION?
CRAZY HORSE MEMORIAL FOUNDATION (South Dakota) receives grants from 96 organizations whose IRS filings report $5,054,769 to it, the largest being SOUTH DAKOTA COMMUNITY FOUNDATION ($2,256,720). 48 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does CRAZY HORSE MEMORIAL FOUNDATION have?
IRS filings report 96 organizations giving $5,054,769 in grants to CRAZY HORSE MEMORIAL FOUNDATION, 48 of which have funded it in more than one year.
Who is the largest funder of CRAZY HORSE MEMORIAL FOUNDATION?
SOUTH DAKOTA COMMUNITY FOUNDATION is the largest funder on record, with $2,256,720 in grants. The full list of funders is on this page.
How can an organization like CRAZY HORSE MEMORIAL FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in South Dakota. 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 96 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