Virginia · Nonprofit
JAMES MADISON UNIVERSITY FOUNDATION INC
JAMES MADISON UNIVERSITY FOUNDATION INC (Virginia) receives grants from 130 organizations whose IRS filings report $23,589,561 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,797,374). 81 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $38M
- Funders on record
- 130
- Grants received
- $24M
- Net assets
- $251M
What James Madison University Foundation Inc does
Mission
The James Madison University Foundation provides prudent investment policy and stewardship to sustain and grow financial support for the University, while collaborating with the University to create innovative avenues of giving and to meet critical funding initiatives.
As stated on its FY2025 Form 990.
Programs
Scholarships & Fellowships - Includes expenditures for scholarships and fellowships in the form of grants to students, resulting from selection by donor-established criteria or by the James Madison University Foundation's board designation of unrestricted funds.
$9,902,135 spentof which $9,824,947 as grants55% of program spendingIntercollegiate Athletics - Expenditures for intercollegiate sport programs that provide for JMU students' physical well-being and social and cultural development outside the context of the formal instruction program. It also includes expenditures related to the administration, operation, and promotion of intercollegiate athletics.
$2,394,739 spentof which $1,780,934 as grants13% of program spendingInstitutional Support - Includes expenditures for central and administrative-level activities concerned with management and long-range planning for the entire institution. It also includes expenditures for operations related to human resources, postal services, finance, resource planning, information technology, and for advancement to maintain relations with the community, alumni and other constituents and to conduct activities related to institution-wide development.
$1,983,601 spentof which $1,202,420 as grants11% of program spendingAcademic Support - Includes expenditures providing support services for programs of instruction, research, and public services.
$1,329,123 spentof which $1,108,205 as grants7% of program spendingOperation & Maintenance of Plant - Includes expenditures for the operation and maintenance of James Madison University's physical plant. Current year expenditures include transfers to James Madison University of donor-designated funds related to a field hockey facility.
$1,099,264 spentof which $460,312 as grants6% of program spendingInstruction - Includes expenditures for all activities that are part of JMU's instructional program.
$919,340 spentof which $669,444 as grants5% of program spendingPublic Service - Includes expenditures for activities established to provide non-instructional educational services beneficial to individuals and groups, internal and external to JMU.
$216,145 spentof which $117,877 as grants1% of program spendingStudent Support - Includes expenditures for student affairs and activities with the primary purpose of contributing to students' emotional and physical well-being and intellectual, cultural and social development outside the context of the formal instruction program.
$142,920 spentof which $83,825 as grants1% of program spendingResearch - Includes expenditures for activities specifically organized to produce educational research at JMU.
$36,335 spentof which $22,799 as grants0% of program spending
The 9 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $18,023,602.
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 $191M to $233M (+22%).
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 0% · 2021 1% · 2022 0% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
71% of JAMES MADISON UNIVERSITY FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (23% 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.
Chief executive
Warren K Coleman
CEO
Board chair
David S Kay
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2018 and FY2019 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 28 funders to 57 funders, grant income rose $610k → $2.8M.
35 of 130 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 54% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $1.1M from one payer (the payer shares this organization's board, largest James Madison University Real Estate Foundation Inc). These are real filings, and they are not money JAMES MADISON UNIVERSITY FOUNDATION INC raised.
From the IRS filings of JAMES MADISON UNIVERSITY FOUNDATION INC’s funders (the co-funder graph). Top 30 of 130 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
JAMES MADISON UNIVERSITY FOUNDATION INC has a broad base — no single funder exceeds 12% of grant income, and it takes 7 funders to reach half.
the vertical line marks half of all grant income — 7 funders to its left
68% 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 JAMES MADISON UNIVERSITY FOUNDATION INC.
Largest funder’s share by year: 2017 13% · 2018 27% · 2019 19% · 2020 17% · 2021 22% · 2022 13% · 2023 16% — 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
56% of JAMES MADISON UNIVERSITY FOUNDATION INC's funders are still giving 3 years after their first grant; 62% 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
54% of JAMES MADISON UNIVERSITY FOUNDATION INC'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 $11M that is directly attributable, 50% of it comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $13M arriving through sponsors registered in 17 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
JAMES MADISON UNIVERSITY FOUNDATION INC runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like JAMES MADISON UNIVERSITY FOUNDATION 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 Virginia
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
81%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 28 states
Part of a family of 10 related entities
- JMUF Property Holdings LLC · disregarded
- JMU Foundation-3090 South Main Street LLC · disregarded
- JMU Foundation-298 Port Republic Road LLC · disregarded
- JMU Foundation-Sundry Properties LLC · disregarded
- JMU Foundation-1031 Harrison Street LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for JAMES MADISON UNIVERSITY FOUNDATION 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.
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 JAMES MADISON UNIVERSITY FOUNDATION INC?
- JAMES MADISON UNIVERSITY FOUNDATION INC (Virginia) receives grants from 130 organizations whose IRS filings report $23,589,561 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,797,374). 81 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does JAMES MADISON UNIVERSITY FOUNDATION INC have?
- IRS filings report 130 organizations giving $23,589,561 in grants to JAMES MADISON UNIVERSITY FOUNDATION INC, 81 of which have funded it in more than one year.
- Who is the largest funder of JAMES MADISON UNIVERSITY FOUNDATION INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $2,797,374 in grants. The full list of funders is on this page.
- How can an organization like JAMES MADISON UNIVERSITY FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. 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 130 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