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Indiana · Nonprofit

HOLY CROSS COLLEGE INC

HOLY CROSS COLLEGE INC (Indiana) receives grants from 50 organizations whose IRS filings report $7,738,945 to it, the largest being LILLY ENDOWMENT INC ($3,001,737). 21 of them have funded it in more than one year.

Revenue FY2025
$39M
Funders on record
50
Grants received
$7.7M
Net assets
$31M
21/50 repeat funderspeak grant-dependency 6%
01What it does

What Holy Cross College Inc does

Mission

Holy Cross College is a Catholic, residential liberal arts college located in Notre Dame, Indiana and is part of a tri campus community that includes the University of Notre Dame and Saint Mary's College. The College was founded in 1966 by the Brothers of Holy Cross and offers both associate and bachelors degrees, including an intensive three year bachelors program. The College's core curriculum fosters community while cultivating the minds and hearts of our students to form scholars, leaders, citizens, and disciples. At Holy Cross, students are shaped by a vision of the common good that is firmly grounded in the Catholic intellectual tradition. Through study, dialogue, and experience, Holy Cross College forms global citizens with the competence to see and the courage to act.

As stated on its FY2025 Form 990.

Programs

  1. Higher Education: Holy Cross College is a Catholic, residential liberal arts college located in Notre Dame, Indiana and is part of a tri campus community that includes the University of Notre Dame and Saint Mary's College. The College was founded in 1966 by the Brothers of Holy Cross and offers both associate and bachelors degrees, including an intensive three year bachelors program. The College's core curriculum fosters community while cultivating the minds and hearts of our students to form scholars, leaders, citizens, and disciples. At Holy Cross, students are shaped by a vision of the common good that is firmly grounded in the Catholic intellectual tradition. Through study, dialogue, and experience, Holy Cross College forms global citizens with the competence to see and the courage to act.

    $24,046,653 spentof which $12,665,202 as grants$24,136,605 earned by the program
    78% of program spending
  2. Student Housing & Life: Holy Cross College offers a residential program to enhance the cultivation of our students' minds and hearts through social, spiritual and moral formation and growth of our students within the context of communal living centered around our Catholic faith. There is a two-year campus residence policy for all students.

    $6,819,513 spentof which $398,059 as grants$5,764,022 earned by the program
    22% of program spending
  3. No program service accomplishment three.

    $0 spent
    0% of program spending
  4. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $30,866,166.

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 ($22M) Expenses 100 ($21M) Net assets 100 ($13M)2018 Revenue 100 ($22M) Expenses 91 ($20M) Net assets 117 ($15M)2019 Revenue 94 ($21M) Expenses 89 ($19M) Net assets 128 ($17M)2020 Revenue 98 ($21M) Expenses 94 ($20M) Net assets 134 ($18M)2021 Revenue 112 ($24M) Expenses 100 ($22M) Net assets 176 ($23M)2022 Revenue 125 ($27M) Expenses 109 ($23M) Net assets 214 ($28M)2023 Revenue 116 ($25M) Expenses 114 ($25M) Net assets 195 ($26M)2024 Revenue 139 ($30M) Expenses 138 ($30M) Net assets 199 ($26M)2025 Revenue 180 ($39M) Expenses 162 ($35M) Net assets 233 ($31M)
'17'18'19'20'21'22'23'24'25
Revenue (180)Expenses (162)Net assets (233)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 2017 to 2018, from $27M to $41M (+51%).

$27M
$41M
$43M
$44M
$51M
$53M
$51M
$52M
$55M
'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 0% · 2018 0% · 2019 0% · 2020 6% · 2021 12% · 2022 13% · 2023 6% · 2024 5% · 2025 5%. Grants only. Government contracts and fees sit inside program revenue.

22% of HOLY CROSS COLLEGE INC’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,251 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.

$330k
’17
$2.2M
’18
$1.5M
’19
$1.2M
’20
$2.9M
’21
$3.9M
’22
$644k
’23
$656k
’24
$4.4M
’25
1.3
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.

Board chair

John Gschwind

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed332727242321252633
Joined·+2+8+2+4+0+7+5+7
No longer listed·88552340
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 8 funders to 14 funders, grant income rose $202k → $1.1M.

15 of 50 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 41% 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 HOLY CROSS COLLEGE INC’s funders (the co-funder graph). Top 30 of 50 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

HOLY CROSS COLLEGE INC leans on a few funders — its largest provides 39% of grant income and the top three 68%; half comes from just 2 funders.

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

46% 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 HOLY CROSS COLLEGE INC.

39%
largest funder
68%
top three
~5
effective funders

Largest funder’s share by year: 2017 59% · 2018 39% · 2019 51% · 2020 80% · 2021 52% · 2022 59% · 2023 69% — 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 HOLY CROSS COLLEGE INC's funders are still giving 3 years after their first grant; 42% 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

80% of HOLY CROSS COLLEGE INC's grant income comes from Indiana funders.

MN
IL
WI
MI
NY
MA
WY
IN
OH
NJ
CT
CA
NE
MO
DE
NC
OK
LA
FL

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

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

Funder states come from each funder’s own filing. $3.1M arriving through sponsors registered in 10 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

HOLY CROSS COLLEGE INC runs a healthier operating margin than half of the 3,758 education nonprofits its size.

Operating margin11% · above the median
Months of reserve1.3mo · bottom quartile
Revenue growth (annualized)8% · above the median

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Government funding HOLY CROSS COLLEGE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.9M on record.

Federal$5.9M
grants $2.4Mcontracts $3.6M
17
18
20
21
Top agencies
  • Department of Defense$3.6M
  • Department of Education$2.4M

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 HOLY CROSS COLLEGE INC

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

05Profile & governance

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

Where the money goes

89% of spending goes to programs.

Program 89%Management 7%Fundraising 4%

Governance

25
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

IN

Part of a family of 1 related entity

  • Brothers of Holy Cross Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for HOLY CROSS COLLEGE INC: 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.

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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 HOLY CROSS COLLEGE INC?
HOLY CROSS COLLEGE INC (Indiana) receives grants from 50 organizations whose IRS filings report $7,738,945 to it, the largest being LILLY ENDOWMENT INC ($3,001,737). 21 of them have funded it in more than one year.
How many funders does HOLY CROSS COLLEGE INC have?
IRS filings report 50 organizations giving $7,738,945 in grants to HOLY CROSS COLLEGE INC, 21 of which have funded it in more than one year.
Who is the largest funder of HOLY CROSS COLLEGE INC?
LILLY ENDOWMENT INC is the largest funder on record, with $3,001,737 in grants. The full list of funders is on this page.
How can an organization like HOLY CROSS COLLEGE INC 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.

Play a game about who funds Holy Cross College →

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 50 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