West Virginia · Nonprofit
MARSHALL UNIVERSITY FOUNDATION INCORPORATED
MARSHALL UNIVERSITY FOUNDATION INCORPORATED (West Virginia) receives grants from 114 organizations whose IRS filings report $35,679,004 to it, the largest being VALHALLA FOUNDATION ($6,500,000). 68 of them have funded it in more than one year.
- Revenue FY2025
- $85M
- Funders on record
- 114
- Grants received
- $36M
- Net assets
- $371M
What Marshall University Foundation Incorporated does
Mission
The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources.
As stated on its FY2025 Form 990.
Programs
The organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university
$8,762,801 spent59% of program spendingThe organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects.
$1,832,382 spent12% of program spendingDepartment and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments
$1,474,644 spent10% of program spendingOther expenses attributable to program funds in support of the university and departments, and adjustments for bad debts.
$2,754,300 spent19% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $14,824,127.
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 2024 to 2025, from $344M to $442M (+29%).
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.
88% of MARSHALL UNIVERSITY FOUNDATION INCORPORATED’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. 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
Mrs Nancy E Campbell
Board Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 29 funders to 54 funders, grant income rose $2.3M → $3.3M.
28 of 114 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% 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: $34k from one payer (the payer shares this organization's board, largest Marshall University Alumni Association Inc). These are real filings, and they are not money MARSHALL UNIVERSITY FOUNDATION INCORPORATED raised.
From the IRS filings of MARSHALL UNIVERSITY FOUNDATION INCORPORATED’s funders (the co-funder graph). Top 30 of 114 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
MARSHALL UNIVERSITY FOUNDATION INCORPORATED has a broad base — no single funder exceeds 18% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
34% 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 MARSHALL UNIVERSITY FOUNDATION INCORPORATED.
Largest funder’s share by year: 2017 43% · 2018 42% · 2019 33% · 2020 31% · 2021 21% · 2022 42% · 2023 24% — 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
58% of MARSHALL UNIVERSITY FOUNDATION INCORPORATED's funders are still giving 3 years after their first grant; 60% 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
MARSHALL UNIVERSITY FOUNDATION INCORPORATED draws 50% of its grant income from funders outside West Virginia, across 22 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $9.8M arriving through sponsors registered in 15 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
MARSHALL UNIVERSITY FOUNDATION INCORPORATED 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 MARSHALL UNIVERSITY FOUNDATION INCORPORATED
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 West Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
43%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 22 states
Part of a family of 4 related entities
- Marshall University Real Estate Foundation Inc · exempt
- Marshall University Alumni Association Inc · exempt
- Marshall University · exempt
- Marshall Services Corporation · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for MARSHALL UNIVERSITY FOUNDATION INCORPORATED: 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 MARSHALL UNIVERSITY FOUNDATION INCORPORATED?
- MARSHALL UNIVERSITY FOUNDATION INCORPORATED (West Virginia) receives grants from 114 organizations whose IRS filings report $35,679,004 to it, the largest being VALHALLA FOUNDATION ($6,500,000). 68 of them have funded it in more than one year.
- How many funders does MARSHALL UNIVERSITY FOUNDATION INCORPORATED have?
- IRS filings report 114 organizations giving $35,679,004 in grants to MARSHALL UNIVERSITY FOUNDATION INCORPORATED, 68 of which have funded it in more than one year.
- Who is the largest funder of MARSHALL UNIVERSITY FOUNDATION INCORPORATED?
- VALHALLA FOUNDATION is the largest funder on record, with $6,500,000 in grants. The full list of funders is on this page.
- How can an organization like MARSHALL UNIVERSITY FOUNDATION INCORPORATED find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in West 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 114 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