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Indiana · Nonprofit

The Corporation of Saint Mary's College Notre Dame

The Corporation of Saint Mary's College Notre Dame (Indiana) receives grants from 152 organizations whose IRS filings report $29,583,730 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,019,205). 84 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$151M
Funders on record
152
Grants received
$30M
Net assets
$446M
84/152 repeat funderspeak grant-dependency 4%
01What it does

What The Corporation of Saint Mary's College Notre Dame does

Mission

The corporation of saint mary's college, notre dame (saint mary's) is a catholic, residential, women's, liberal arts college offering undergraduate degrees and co-educational graduate programs. (continued in schedule o)

As stated on its FY2025 Form 990.

Program

  1. As a center of higher education, the corporation of saint mary's college, notre dame (saint mary's) fosters an academic climate of scholarship and learning for faculty and students alike. Through excellence in teaching and the example of its own active scholarship, the faculty challenges students to expand their horizons and supports them in their intellectual pursuits. A broad-based course of study invites students to think critically and creatively about the natural world and human culture. Acknowledging the need to prepare women for an array of careers, saint mary's insists on a liberal arts foundation for all its students. Through their years at saint mary's, students acquire depth and breadth of knowledge, competence in quantitative skills and modern languages, the ability to think clearly about complex problems, and the capacity to communicate with precision and style. (continued in schedule o)

    $116,711,728 spentof which $49,382,864 as grants$99,184,321 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $116,711,728.

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 ($101M) Expenses 100 ($92M) Net assets 100 ($258M)2018 Revenue 106 ($107M) Expenses 105 ($97M) Net assets 107 ($276M)2019 Revenue 106 ($107M) Expenses 106 ($98M) Net assets 110 ($283M)2020 Revenue 104 ($104M) Expenses 109 ($100M) Net assets 106 ($274M)2021 Revenue 131 ($132M) Expenses 110 ($101M) Net assets 145 ($374M)2022 Revenue 142 ($143M) Expenses 115 ($106M) Net assets 168 ($432M)2023 Revenue 126 ($127M) Expenses 122 ($112M) Net assets 154 ($398M)2024 Revenue 134 ($135M) Expenses 131 ($120M) Net assets 164 ($423M)2025 Revenue 150 ($151M) Expenses 142 ($131M) Net assets 173 ($446M)
'17'18'19'20'21'22'23'24'25
Revenue (150)Expenses (142)Net assets (173)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 $374M to $472M (+26%).

$330M
$342M
$346M
$374M
$472M
$523M
$485M
$507M
$532M
'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 1% · 2020 2% · 2021 5% · 2022 5% · 2023 3% · 2024 2% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

19% of The Corporation of Saint Mary's College Notre Dame’s revenue is contributions — more donation-reliant than the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$8.9M
’17
$10M
’18
$9.5M
’19
$4.2M
’20
$31M
’21
$37M
’22
$15M
’23
$15M
’24
$20M
’25
0.6
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

Maureen Karnatz Smith

Chair

As listed on its FY2025 Form 990.

20242025
Listed4137
Joined·+6
No longer listed·10
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 35 funders to 60 funders, grant income rose $812k → $4.1M.

47 of 152 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 57% 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 The Corporation of Saint Mary's College Notre Dame’s funders (the co-funder graph). Top 30 of 152 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

The Corporation of Saint Mary's College Notre Dame has a broad base — no single funder exceeds 17% 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

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 The Corporation of Saint Mary's College Notre Dame.

17%
largest funder
50%
top three
~9
effective funders

Largest funder’s share by year: 2017 42% · 2018 63% · 2019 23% · 2020 42% · 2021 66% · 2022 29% · 2023 25% — 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

34% of The Corporation of Saint Mary's College Notre Dame'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

57% of The Corporation of Saint Mary's College Notre Dame'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 $13M that is directly attributable, 64% of it comes from funders outside Indiana, across 23 states.

MN
IL
WI
MI
NY
MA
IN
OH
PA
NJ
CT
CA
MO
KY
WV
DE
TN
NC
SC
DC
OK
TX
FL

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

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

Funder states come from each funder’s own filing. $17M arriving through sponsors registered in 22 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

The Corporation of Saint Mary's College Notre Dame runs a healthier operating margin than half of the 684 education nonprofits its size.

Operating margin13% · above the median
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)5% · above the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Government funding The Corporation of Saint Mary's College Notre Dame receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $8.0M on record.

Federal$8.0M
grants $8.0Mcontracts $9k
17
18
19
20
21
22
25
Top agencies
  • Department of Education$6.4M
  • National Science Foundation$714k
  • Department of Defense$455k
  • Department of State$260k
  • National Endowment for the Humanities$149k
  • Department of the Interior$9k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like The Corporation of Saint Mary's College Notre Dame

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 Indiana

Nationally

05Profile & governance

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

Where the money goes

89% of spending goes to programs.

Program 89%Management 6%Fundraising 4%

Governance

30
board members
93%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Public support

77%

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

Footprint & structure

Files a return copy in 8 states

MI
MA
IN
CA
CO
MD
SC
DC

Part of a family of 2 related entities

  • Sister Maria Pieta Scott Csc Scholarship Trust · exempt
  • Charitable Remainder Trusts (6) · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for The Corporation of Saint Mary's College Notre Dame: 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 The Corporation of Saint Mary's College Notre Dame?
The Corporation of Saint Mary's College Notre Dame (Indiana) receives grants from 152 organizations whose IRS filings report $29,583,730 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($5,019,205). 84 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does The Corporation of Saint Mary's College Notre Dame have?
IRS filings report 152 organizations giving $29,583,730 in grants to The Corporation of Saint Mary's College Notre Dame, 84 of which have funded it in more than one year.
Who is the largest funder of The Corporation of Saint Mary's College Notre Dame?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $5,019,205 in grants. The full list of funders is on this page.
How can an organization like The Corporation of Saint Mary's College Notre Dame find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Corporation of Saint Mary's College Notre Dame →

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 152 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