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Mississippi · Nonprofit

Mississippi State University Foundation Inc

Mississippi State University Foundation Inc (Mississippi) receives grants from 156 organizations whose IRS filings report $61,736,454 to it, the largest being LEO W SEAL JR CHARITABLE TRUST 2045001315 ($9,177,475). 87 of them have funded it in more than one year.

Revenue FY2025
$145M
Funders on record
156
Grants received
$62M
Net assets
$1.1B
87/156 repeat funderspeak grant-dependency 11%
01What it does

What Mississippi State University Foundation Inc does

Mission

Mississippi state university foundation, inc. Is a non-profit organization that assists mississippi state university in accomplishing its goals and mission by cultivating and soliciting private support and ensuring stewardship for all contributions benefitting mississippi state university.

As stated on its FY2025 Form 990.

Programs

  1. This includes amounts paid to mississippi state university for scholarships and other requests such as research, teaching needs and other departmental requests.

    $59,271,878 spentof which $59,271,878 as grants
    93% of program spending
  2. This includes amounts paid to the bulldog club, inc. Primarily for athletic needs.

    $3,104,078 spentof which $3,104,078 as grants
    5% of program spending
  3. This includes amounts paid to the mississippi state university alumni, inc. To supplement their program in servicing the alumni of mississippi state university.

    $1,520,901 spentof which $1,520,901 as grants
    2% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $63,896,857.

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 ($57M) Expenses 100 ($43M) Net assets 100 ($499M)2018 Revenue 165 ($94M) Expenses 95 ($41M) Net assets 106 ($530M)2019 Revenue 114 ($65M) Expenses 107 ($46M) Net assets 111 ($553M)2020 Revenue 104 ($60M) Expenses 159 ($68M) Net assets 109 ($542M)2021 Revenue 146 ($84M) Expenses 98 ($42M) Net assets 148 ($740M)2022 Revenue 139 ($80M) Expenses 118 ($51M) Net assets 137 ($683M)2023 Revenue 339 ($194M) Expenses 149 ($64M) Net assets 171 ($854M)2024 Revenue 139 ($80M) Expenses 163 ($70M) Net assets 187 ($934M)2025 Revenue 253 ($145M) Expenses 183 ($79M) Net assets 218 ($1.1B)
'17'18'19'20'21'22'23'24'25
Revenue (253)Expenses (183)Net assets (218)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 2020 to 2021, from $561M to $762M (+36%).

$511M
$544M
$571M
$561M
$762M
$707M
$880M
$961M
$1.1B
'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 1% · 2018 1% · 2019 2% · 2020 3% · 2021 2% · 2022 3% · 2023 1% · 2024 2% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

85% of Mississippi State University Foundation Inc’s revenue is contributions — more donation-reliant than the typical peer (17% for the typical peer).

This organization
Typical peer · 265 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$14M
’17
$53M
’18
$19M
’19
−$8.9M
’20
$42M
’21
$29M
’22
$130M
’23
$9.1M
’24
$66M
’25
2.6
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

Rodger L Johnson

Chair of the board

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed504853636461645162
Joined·+7+17+14+12+7+8+6+12
No longer listed·912411105191
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 38 funders to 67 funders, grant income rose $3.4M → $8.3M.

42 of 156 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 43% 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: $2.3M from 2 payers (the payer shares this organization's board, largest The Bulldog Club Inc). These are real filings, and they are not money Mississippi State University Foundation Inc raised.

From the IRS filings of Mississippi State University Foundation Inc’s funders (the co-funder graph). Top 30 of 156 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

Mississippi State University Foundation Inc has a broad base — no single funder exceeds 15% 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

64% 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 Mississippi State University Foundation Inc.

15%
largest funder
43%
top three
~12
effective funders

Largest funder’s share by year: 2017 31% · 2018 69% · 2019 34% · 2020 23% · 2021 24% · 2022 19% · 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

48% of Mississippi State University Foundation Inc's funders are still giving 3 years after their first grant; 56% 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

Mississippi State University Foundation Inc draws 64% of its grant income from funders outside Mississippi, across 27 states in all.

IL
WI
MI
NY
IN
OH
PA
NJ
CT
CA
NE
MO
VA
MD
DE
AZ
AR
TN
NC
DC
OK
LA
MS
AL
GA
TX
FL

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

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

Funder states come from each funder’s own filing. $26M arriving through sponsors registered in 24 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

Mississippi State University Foundation Inc runs a healthier operating margin than three-quarters of the 180 human services nonprofits its size.

Operating margin45% · top quartile
Months of reserve2.6mo · top quartile
Revenue growth (annualized)12% · above the median

this organization peer median middle 50% of peers· 180 human services nonprofits over $100M, FY2025

Organizations like Mississippi State 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 Mississippi

Nationally

05Profile & governance

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

Where the money goes

81% of spending goes to programs.

Program 81%Management 12%Fundraising 7%

Governance

43
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

56%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 14 related entities

  • Maroon Air LLC · disregarded
  • 109 Muldrow Properties LLC · disregarded
  • DG South LLC · disregarded
  • McAllister Street Properties LLC · disregarded
  • West Side Real Estate Holdings LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for Mississippi State 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.

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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 Mississippi State University Foundation Inc?
Mississippi State University Foundation Inc (Mississippi) receives grants from 156 organizations whose IRS filings report $61,736,454 to it, the largest being LEO W SEAL JR CHARITABLE TRUST 2045001315 ($9,177,475). 87 of them have funded it in more than one year.
How many funders does Mississippi State University Foundation Inc have?
IRS filings report 156 organizations giving $61,736,454 in grants to Mississippi State University Foundation Inc, 87 of which have funded it in more than one year.
Who is the largest funder of Mississippi State University Foundation Inc?
LEO W SEAL JR CHARITABLE TRUST 2045001315 is the largest funder on record, with $9,177,475 in grants. The full list of funders is on this page.
How can an organization like Mississippi State University Foundation Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Mississippi. 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 156 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