South Carolina · Nonprofit
THE CITADEL REAL ESTATE FOUNDATION
THE CITADEL REAL ESTATE FOUNDATION (South Carolina) receives grants from 1 organization whose IRS filings report $100,000 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($100,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $7.2M
- Funders on record
- 1
- Grants received
- $100k
- Net assets
- $15M
What The Citadel Real Estate Foundation does
Mission
To operate exclusively for the benefit of the citadel, as well as to perform the functions of and to carry out the purposes of the citadel, by providing support and assistance to the citadel in such a manner as determined by The Citadel Real Estate Foundation (tcref)'s board of directors.
As stated on its FY2024 Form 990.
Programs
Tcref owns and oversees eight properties. Four properties operate under lease agreements and are managed by a property management company. One property operates as an event venue and premier short-term residence for visiting faculty, high-level donors, and vips. Three of the four properties purchased during the year 2024 will be leased once renovations are complete; the other purchased property was renovated and under a lease agreement by the end of the year.
$1,292,975 spent$83,458 earned by the program50% of program spendingTcref helped support the constuction of the bastin hall school of business for the citadel. Tcref leases the building to the citadel, and the citadel provides use of the land on which the building sits. Lease revenue for the bastin hall building is a function of debt service related to the building and donor funds raised for the construction of the building provided through the citadel foundation.
$1,306,680 spent50% of program spendingIn accordance with the college's "campus edge plan", tcref continues its long-term strategy of acquisition and renovation of key residential properties on dunnemann avenue, grove street, and other surrounding properties adjacent to the campus property line. Tcref purchased four additional properties during 2024 for a total of approximately $6.2 million.
$4,000 spent0% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,603,655.
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 2019 to 2020, from $11M to $24M (+121%).
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.
97% of THE CITADEL REAL ESTATE FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 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
Thomas G Philipkosky Usaf Ret
Executive director
Board chair
Mr Claudius E Watts Iv
Chairman
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2021 and FY2022 filings.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% 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: $7.2M from one payer (the payer shares this organization's board, largest The Citadel Foundation). These are real filings, and they are not money THE CITADEL REAL ESTATE FOUNDATION raised.
From the IRS filings of THE CITADEL REAL ESTATE FOUNDATION’s funders (the co-funder graph). 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.
Where its funders are
100% of THE CITADEL REAL ESTATE 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. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $100k arriving through sponsors registered in 1 state 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
THE CITADEL REAL ESTATE FOUNDATION runs a healthier operating margin than three-quarters of the 11,752 education nonprofits its size.
this organization peer median middle 50% of peers· 11,752 education nonprofits $1M–$10M, FY2024
Organizations like THE CITADEL REAL ESTATE 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 South Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 10 related entities
- Tcref 169 Dunnemann LLC · disregarded
- Tcref 179 Dunnemann LLC · disregarded
- Tcref Moultrie Holdings LLC · disregarded
- Tcref 165 Dunnemann LLC · disregarded
- Tcref 164 Dunnemann LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for THE CITADEL REAL ESTATE 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.
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 THE CITADEL REAL ESTATE FOUNDATION?
- THE CITADEL REAL ESTATE FOUNDATION (South Carolina) receives grants from 1 organization whose IRS filings report $100,000 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($100,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does THE CITADEL REAL ESTATE FOUNDATION have?
- IRS filings report 1 organization giving $100,000 in grants to THE CITADEL REAL ESTATE FOUNDATION.
- Who is the largest funder of THE CITADEL REAL ESTATE FOUNDATION?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $100,000 in grants. The full list of funders is on this page.
- How can an organization like THE CITADEL REAL ESTATE FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in South Carolina. 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 FY2024 (financials across 2017–2024), and the filings of 1 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