Indiana · Nonprofit
DePauw University
DePauw University (Indiana) receives grants from 206 organizations whose IRS filings report $242,938,001 to it, the largest being INDIAN PAINTBRUSH FOUNDATION ($146,907,232). 132 of them have funded it in more than one year.
- Revenue FY2025
- $264M
- Funders on record
- 206
- Grants received
- $243M
- Net assets
- $1.2B
What DePauw University does
Mission
DePauw University develops leaders the world needs through an uncommon commitment to the liberal arts. Depauw's diverse and inclusive learning and living experience, distinctive in its rigorous intellectual engagement and its global and experiential learning opportunities, leads to a life of meaning and means. (continued on schedule o)
As stated on its FY2025 Form 990.
Program
DePauw University is a nationally-recognized, leading liberal arts college in greencastle, indiana, dedicated to educating 1,917 students from across the country and around the globe. For 188 years, depauw has created an atmosphere of intellectual challenge and social engagement that prepares students for lifelong success. Academic exploration at depauw pushes students to gain broad exposure to multiple disciplines before narrowing their focus. Depauw offers dozens of majors and minors, a handful of honors and fellows programs, and a set of experiential learning opportunities that challenge students within and beyond the classroom. Building networks has never been more important than it is right now. At depauw, students make connections through student-run clubs and organizations, ncaa division iii athletics and recreational sports, fraternities and sororities, and service organizations. (continued on schedule o)
$176,797,142 spentof which $77,213,307 as grants$125,960,936 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $176,797,142.
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 $1.1B to $1.3B (+15%).
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 0% · 2018 0% · 2019 0% · 2020 1% · 2021 1% · 2022 2% · 2023 1% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
36% of DePauw University’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. 2 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.
Chief executive
Steven Fouty
Executive Director of Hubbard Center & Director of McDermond Center
Board chair
Douglas I Smith
Board Chair, Trustee
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 62 funders to 80 funders, grant income rose $4.9M → $100M.
46 of 206 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.
From the IRS filings of DePauw University’s funders (the co-funder graph). Top 30 of 206 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
DePauw University leans on a few funders — its largest provides 60% of grant income and the top three 79%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 56% · 2018 34% · 2019 38% · 2020 24% · 2021 27% · 2022 62% · 2023 91% — 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
43% of DePauw University's funders are still giving 3 years after their first grant; 64% 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
DePauw University draws 80% of its grant income from funders outside Indiana, across 31 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25M arriving through sponsors registered in 23 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
DePauw University 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 DePauw University receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.2M on record — $9.0M federal, $150k state.
- Department of Education$7.9M
- National Science Foundation$967k
- National Endowment for the Arts$100k
- National Endowment for the Humanities$91k
- Department of Commerce$9k
- REFUNDS - GENERAL $150k
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 DePauw University
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 Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Public support
49%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 6 states
Part of a family of 5 related entities
- Employer-Contribution Veba Trust Depauw University · exempt
- Employee-Contribution Veba Trust Depauw University · exempt
- Asbury Holdings Inc · exempt
- Charitable Remainder Trusts (35) · corp_trust
- Perpetual Trusts (7) · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for DePauw University: 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 DePauw University?
- DePauw University (Indiana) receives grants from 206 organizations whose IRS filings report $242,938,001 to it, the largest being INDIAN PAINTBRUSH FOUNDATION ($146,907,232). 132 of them have funded it in more than one year.
- How many funders does DePauw University have?
- IRS filings report 206 organizations giving $242,938,001 in grants to DePauw University, 132 of which have funded it in more than one year.
- Who is the largest funder of DePauw University?
- INDIAN PAINTBRUSH FOUNDATION is the largest funder on record, with $146,907,232 in grants. The full list of funders is on this page.
- How can an organization like DePauw University find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. 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 206 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