North Carolina · Nonprofit
Davidson College
Davidson College (North Carolina) receives grants from 390 organizations whose IRS filings report $188,197,031 to it, the largest being THE DUKE ENDOWMENT ($73,241,445). 267 of them have funded it in more than one year.
- Revenue FY2025
- $296M
- Funders on record
- 390
- Grants received
- $188M
- Net assets
- $1.9B
What Davidson College does
Mission
Undergraduate liberal arts education
As stated on its FY2025 Form 990.
Programs
Need-based and merit aid awarded to students.
$76,503,631 spentof which $76,503,631 as grants39% of program spendingInstruction and academic programs leading to b.s. And b.a. Degrees for davidson students. This includes support of international students studying at davidson and davidson students studying abroad.
$74,052,026 spent$127,200,842 earned by the program38% of program spendingStudent support services including the college union, on-site medical care, student counseling, career services, community service programs and the offices of admission and financial aid.
$17,457,438 spent9% of program spendingAthletics and physical education provided as part of a well-rounded liberal arts education. The athletics program includes intercollegiate teams, club sports and intramural competition.
$26,477,604 spentof which $80,000 as grants$8,367,013 earned by the program14% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $194,490,699.
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 2020 to 2021, from $1.3B to $1.8B (+33%).
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.
Government-grant reliance: 2017 2% · 2018 2% · 2019 1% · 2020 1% · 2021 2% · 2022 3% · 2023 1% · 2024 2% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
26% of Davidson College’s revenue is contributions — more donation-reliant than the typical peer (14% 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
Anthony Foxx
Chair, board of trustees
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 109 funders to 189 funders, grant income rose $7.5M → $32M.
71 of 390 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 29% 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 Davidson College’s funders (the co-funder graph). Top 30 of 390 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
Davidson College has a broad base — no single funder exceeds 39% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 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 Davidson College.
Largest funder’s share by year: 2017 32% · 2018 21% · 2019 38% · 2020 41% · 2021 45% · 2022 41% · 2023 57% — growing more concentrated.
“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
49% of Davidson College's funders are still giving 3 years after their first grant; 68% 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
67% of Davidson College's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $55M arriving through sponsors registered in 25 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
Davidson College runs a healthier operating margin than three-quarters of the 684 education nonprofits its size.
this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025
Government funding Davidson College receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $23.7M on record.
- Department of Education$10.1M
- Department of Health and Human Services$6.8M
- National Science Foundation$6.7M
- National Endowment for the Humanities$75k
- Department of Agriculture$35k
- Department of the Interior$25k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Davidson College
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 North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
45%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 15 states
Part of a family of 4 related entities
- Charitable Trusts (16) · corp_trust
- Charitable Trust (1) · corp_trust
- Charitable Trust (1) · corp_trust
- Charitable Trust (1) · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for Davidson College: 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 Davidson College?
- Davidson College (North Carolina) receives grants from 390 organizations whose IRS filings report $188,197,031 to it, the largest being THE DUKE ENDOWMENT ($73,241,445). 267 of them have funded it in more than one year.
- How many funders does Davidson College have?
- IRS filings report 390 organizations giving $188,197,031 in grants to Davidson College, 267 of which have funded it in more than one year.
- Who is the largest funder of Davidson College?
- THE DUKE ENDOWMENT is the largest funder on record, with $73,241,445 in grants. The full list of funders is on this page.
- How can an organization like Davidson College find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. 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 390 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 22, 2026. What this page cannot tell you · view filing