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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
267/390 repeat funderspeak grant-dependency 16%
01What it does

What Davidson College does

Mission

Undergraduate liberal arts education

As stated on its FY2025 Form 990.

Programs

  1. Need-based and merit aid awarded to students.

    $76,503,631 spentof which $76,503,631 as grants
    39% of program spending
  2. Instruction 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 program
    38% of program spending
  3. Student 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 spent
    9% of program spending
  4. Athletics 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 program
    14% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $194,490,699.

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 ($209M) Expenses 100 ($147M) Net assets 100 ($1.0B)2018 Revenue 94 ($195M) Expenses 106 ($157M) Net assets 108 ($1.1B)2019 Revenue 113 ($235M) Expenses 111 ($164M) Net assets 116 ($1.2B)2020 Revenue 97 ($202M) Expenses 114 ($168M) Net assets 118 ($1.2B)2021 Revenue 93 ($195M) Expenses 122 ($181M) Net assets 157 ($1.6B)2022 Revenue 169 ($353M) Expenses 118 ($174M) Net assets 158 ($1.6B)2023 Revenue 97 ($202M) Expenses 131 ($193M) Net assets 158 ($1.6B)2024 Revenue 129 ($270M) Expenses 145 ($214M) Net assets 166 ($1.7B)2025 Revenue 142 ($296M) Expenses 155 ($228M) Net assets 177 ($1.9B)
'17'18'19'20'21'22'23'24'25
Revenue (142)Expenses (155)Net assets (177)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 2020 to 2021, from $1.3B to $1.8B (+33%).

$1.2B
$1.2B
$1.3B
$1.3B
$1.8B
$1.8B
$1.8B
$1.9B
$2.0B
'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

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).

This organization
Typical peer · 732 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.

$61M
’17
$38M
’18
$71M
’19
$34M
’20
$14M
’21
$180M
’22
$9.2M
’23
$56M
’24
$68M
’25
5.6
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.

Board chair

Anthony Foxx

Chair, board of trustees

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed525046444646475248
Joined·+5+10+7+7+6+8+6+5
No longer listed·714956719
03Who funds it

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.

39%
largest funder
51%
top three
~6
effective funders

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.

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

67% of Davidson College's grant income comes from North Carolina funders.

NH
WA
MN
IL
WI
MI
NY
MA
NV
WY
SD
IN
OH
PA
NJ
CT
RI
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
AZ
NM
KS
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL

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

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

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.

04Its place in the field

Against its field

Davidson College runs a healthier operating margin than three-quarters of the 684 education nonprofits its size.

Operating margin23% · top quartile
Months of reserve5.6mo · top quartile
Revenue growth (annualized)4% · below the median

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.

Federal$23.7M
grants $23.7Mcontracts $0
17
18
19
20
21
22
23
24
25
26
Top agencies
  • 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

05Profile & governance

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

Where the money goes

85% of spending goes to programs.

Program 85%Management 10%Fundraising 5%

Governance

37
board members
95%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

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

AK
NH
WA
MI
NY
MA
OR
NV
OH
CO
KY
MD
SC
DC
OK

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.

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 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