Minnesota · Nonprofit
GUSTAVUS ADOLPHUS COLLEGE
GUSTAVUS ADOLPHUS COLLEGE (Minnesota) receives grants from 147 organizations whose IRS filings report $71,958,743 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($32,716,065). 93 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $151M
- Funders on record
- 147
- Grants received
- $72M
- Net assets
- $479M
What Gustavus Adolphus College does
Mission
Gustavus Adolphus College is a church-related, residential liberal arts college firmly rooted in its Swedish and Lutheran heritage. The College offers students of high aspiration and promise a liberal arts education of recognized excellence provided by faculty who embody the highest standards of teaching and scholarship. The College aspires to be a community of persons from diverse backgrounds who respect and affirm the dignity of all people. It is a community where a mature understanding of the Christian faith and lives of service are nurtured and students are encouraged to work toward a just and peaceful world. The purpose of a Gustavus education is to help students attain their full potential as persons, to develop in them a capacity and passion for lifelong learning, and to prepare them for fulfilling lives of leadership and service in society.
As stated on its FY2025 Form 990.
Programs
Instruction and Academic Support: Gustavus offers 78 majors in 24 academic departments and 12 interdisciplinary programs, with a student-faculty ratio of 12:1. Total FTE enrollment for academic year 2024-2025 was 1,852, with 523 students graduating in fiscal year 2025.
$107,228,328 spentof which $63,128,652 as grants$104,780,744 earned by the program73% of program spendingStudent Services: Gustavus sponsors 23 varsity athletics teams and 27 intramural activities and club sports, along with more than 102 student organizations. Other student services include admission, community engaged learning, career development, peer mentoring, Office of the Chaplains, center for inclusive excellence, financial assistance, health services, registrar, campus activities and residential life programs.
$18,143,649 spent12% of program spendingAuxiliary Services: As a residential college, Gustavus is committed to residence hall living as a vital complement to its academic program. Approximately 93% of students live in College-owned residences and eat in the College's Dining Service. During Fall 2024, 1,733 students lived in College-owned residences. The College bookstore provides textbooks and other educational supplies for students. Other items for sale include: clothing embossed with the College's insignia, books and miscellaneous novelty items.
$15,282,370 spent$22,874,756 earned by the program10% of program spendingGustavus offers a number of activities that enhance the curricular program, including various public service events and miscellaneous services provided to students.
$6,783,468 spentof which $40,000 as grants5% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $147,437,815.
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 $468M to $542M (+16%).
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 1% · 2018 1% · 2019 1% · 2020 2% · 2021 3% · 2022 4% · 2023 2% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
11% of GUSTAVUS ADOLPHUS COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (14% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 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
Marcia L Page
Director/Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 40 funders to 64 funders, grant income rose $1.8M → $4.5M.
37 of 147 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 57% 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 GUSTAVUS ADOLPHUS COLLEGE’s funders (the co-funder graph). Top 30 of 147 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
GUSTAVUS ADOLPHUS COLLEGE leans on a few funders — its largest provides 45% of grant income and the top three 75%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
85% 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 GUSTAVUS ADOLPHUS COLLEGE.
Largest funder’s share by year: 2017 58% · 2018 95% · 2019 81% · 2020 62% · 2021 76% · 2022 66% · 2023 28% — 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
48% of GUSTAVUS ADOLPHUS COLLEGE's funders are still giving 3 years after their first grant; 63% 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
57% of GUSTAVUS ADOLPHUS COLLEGE'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 $31M that is directly attributable, 72% of it comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $41M arriving through sponsors registered in 20 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
GUSTAVUS ADOLPHUS COLLEGE is better cushioned than half of the 684 education nonprofits its size.
this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025
Government funding GUSTAVUS ADOLPHUS COLLEGE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $15.6M on record.
- Department of Education$12.2M
- National Science Foundation$2.5M
- National Endowment for the Humanities$769k
- Department of Commerce$18k
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 GUSTAVUS ADOLPHUS 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 Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Public support
82%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 8 states
Part of a family of 5 related entities
- Tennis and Life Camps LLC · disregarded
- Greater Gustavus Fund · exempt
- Beneficial Interest in Funds Held in Trust (20) · corp_trust
- Charitable Remainder Unitrusts (20) · corp_trust
- Pooled Life Income Fund · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for GUSTAVUS ADOLPHUS 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 GUSTAVUS ADOLPHUS COLLEGE?
- GUSTAVUS ADOLPHUS COLLEGE (Minnesota) receives grants from 147 organizations whose IRS filings report $71,958,743 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($32,716,065). 93 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does GUSTAVUS ADOLPHUS COLLEGE have?
- IRS filings report 147 organizations giving $71,958,743 in grants to GUSTAVUS ADOLPHUS COLLEGE, 93 of which have funded it in more than one year.
- Who is the largest funder of GUSTAVUS ADOLPHUS COLLEGE?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $32,716,065 in grants. The full list of funders is on this page.
- How can an organization like GUSTAVUS ADOLPHUS COLLEGE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. 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 147 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