Skip to content

Mississippi · Nonprofit

OLE MISS ATHLETIC FOUNDATION

OLE MISS ATHLETIC FOUNDATION (Mississippi) receives grants from 51 organizations whose IRS filings report $11,498,761 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($4,423,850). 28 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$60M
Funders on record
51
Grants received
$11M
Net assets
$65M
28/51 repeat funderspeak grant-dependency 5%
01What it does

What Ole Miss Athletic Foundation does

Mission

Providing direct and indirect funding for scholarships, facilities, salary supplements, and other support for the university of mississippi department of intercollegiate athletics.

As stated on its FY2025 Form 990.

Program

  1. The organization provided financial support to the university of mississippi for major facilities construction and improvements on the campus during this fiscal year. The organization also provided significant salary supplements to university staff members and both directly and indirectly supported the university with funding for scholarships and other support for the university's athletic programs and scholar athletes.

    $51,825,556 spentof which $19,500,879 as grants$33,441,409 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $51,825,556.

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 ($31M) Expenses 100 ($42M) Net assets 100 ($47M)2018 Revenue 101 ($31M) Expenses 98 ($41M) Net assets 79 ($37M)2019 Revenue 88 ($27M) Expenses 77 ($32M) Net assets 70 ($33M)2020 Revenue 88 ($27M) Expenses 100 ($42M) Net assets 39 ($18M)2021 Revenue 149 ($46M) Expenses 51 ($21M) Net assets 92 ($43M)2022 Revenue 188 ($58M) Expenses 93 ($39M) Net assets 129 ($61M)2023 Revenue 163 ($50M) Expenses 97 ($40M) Net assets 151 ($71M)2024 Revenue 139 ($43M) Expenses 129 ($54M) Net assets 127 ($60M)2025 Revenue 197 ($60M) Expenses 132 ($55M) Net assets 139 ($65M)
'17'18'19'20'21'22'23'24'25
Revenue (197)Expenses (132)Net assets (139)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 2022 to 2023, from $97M to $136M (+40%).

$84M
$72M
$72M
$62M
$77M
$97M
$136M
$126M
$127M
'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

43% of OLE MISS ATHLETIC FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

−$11M
’17
−$9.8M
’18
−$5.0M
’19
−$15M
’20
$24M
’21
$19M
’22
$9.4M
’23
−$11M
’24
$5.2M
’25
3.8
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.

Chief executive

Denson Hollis

CEO

Board chair

Don Fruge

Chairman

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2019 and FY2020, and between the FY2022 and FY2023 filings.

'17'18'19'20'21'22'23'24'25
Listed141518182121161716
Joined·+4+5+4+8+5+2+3+1
No longer listed·32455722
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 11 funders to 17 funders, grant income fell $716k → $560k.

18 of 51 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 58% 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 OLE MISS ATHLETIC FOUNDATION’s funders (the co-funder graph). Top 30 of 51 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

OLE MISS ATHLETIC FOUNDATION leans on a few funders — its largest provides 38% 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

59% 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 OLE MISS ATHLETIC FOUNDATION.

38%
largest funder
68%
top three
~5
effective funders

Largest funder’s share by year: 2017 70% · 2018 43% · 2019 38% · 2020 65% · 2021 51% · 2022 26% · 2023 30% — 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

35% of OLE MISS ATHLETIC FOUNDATION's funders are still giving 3 years after their first grant; 55% 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

58% of OLE MISS ATHLETIC FOUNDATION'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 $4.9M that is directly attributable, 78% of it comes from Mississippi funders.

IL
NY
IN
CA
CO
AZ
KS
AR
TN
NC
MS
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. $6.6M 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.

04Its place in the field

Against its field

OLE MISS ATHLETIC FOUNDATION runs a healthier operating margin than half of the 3,794 education nonprofits its size.

Operating margin9% · above the median
Months of reserve3.8mo · above the median
Revenue growth (annualized)9% · above the median

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like OLE MISS ATHLETIC FOUNDATION

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

94% of spending goes to programs.

Program 94%Management 2%Fundraising 4%

Governance

6
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

92%

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

Footprint & structure

Files a return copy in 1 state

MS

Part of a family of 4 related entities

  • Alumni Association of the University of Mississippi · exempt
  • University of Mississippi Educational Building Corporation · exempt
  • University of Mississippi Foundation · exempt
  • University of Mississippi · exempt

Screen this organization

A dated, signed PDF of the compliance screen for OLE MISS ATHLETIC FOUNDATION: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 OLE MISS ATHLETIC FOUNDATION?
OLE MISS ATHLETIC FOUNDATION (Mississippi) receives grants from 51 organizations whose IRS filings report $11,498,761 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($4,423,850). 28 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does OLE MISS ATHLETIC FOUNDATION have?
IRS filings report 51 organizations giving $11,498,761 in grants to OLE MISS ATHLETIC FOUNDATION, 28 of which have funded it in more than one year.
Who is the largest funder of OLE MISS ATHLETIC FOUNDATION?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $4,423,850 in grants. The full list of funders is on this page.
How can an organization like OLE MISS ATHLETIC FOUNDATION 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 51 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