Maryland · Nonprofit
US NAVAL ACADEMY FOUNDATION INC
US NAVAL ACADEMY FOUNDATION INC (Maryland) receives grants from 208 organizations whose IRS filings report $85,059,703 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($13,973,354). 128 of them have funded it in more than one year, and 67% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $80M
- Funders on record
- 208
- Grants received
- $85M
- Net assets
- $393M
What US Naval Academy Foundation Inc does
Mission
To support, promote, and advance the mission of the naval academy.
As stated on its FY2025 Form 990.
Program
Support included direct and indirect support for usna endowed positions and program support for cyber security, athletic excellence, stem, minority outreach, leadership development and international programs. Grants to usna also supported project based learning, admissions support, the academic center and the center of ethical leadership. Grants to the alumni association were in support of operations.
$33,193,328 spentof which $33,193,328 as grants$4,961,041 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $33,193,328.
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 2020 to 2021, from $272M to $332M (+22%).
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.
80% of US NAVAL ACADEMY FOUNDATION INC’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. 2 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.
The chief executive listed changed between the FY2022 and FY2023 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 55 funders to 92 funders, grant income rose $5.6M → $9.9M.
56 of 208 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 67% 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 US NAVAL ACADEMY FOUNDATION INC’s funders (the co-funder graph). Top 30 of 208 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
US NAVAL ACADEMY FOUNDATION INC has a broad base — no single funder exceeds 16% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
68% 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 US NAVAL ACADEMY FOUNDATION INC.
Largest funder’s share by year: 2017 30% · 2018 24% · 2019 29% · 2020 22% · 2021 26% · 2022 16% · 2023 17% — 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
45% of US NAVAL ACADEMY FOUNDATION INC's funders are still giving 3 years after their first grant; 62% 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
67% of US NAVAL ACADEMY FOUNDATION INC'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 $28M that is directly attributable, 98% of it comes from funders outside Maryland, across 35 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $57M arriving through sponsors registered in 25 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
US NAVAL ACADEMY FOUNDATION INC 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 US NAVAL ACADEMY 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 Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
69% of spending goes to programs.
Governance
Public support
89%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Part of a family of 4 related entities
- US Naval Academy Alumni Association Inc · exempt
- 1922 Class of the United States Naval Academy Memorial Scholarship Fund · exempt
- Charitable Remainder Trusts (4) · corp_trust
- Charitable Remainder Trusts (2) · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for US NAVAL ACADEMY 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.
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 US NAVAL ACADEMY FOUNDATION INC?
- US NAVAL ACADEMY FOUNDATION INC (Maryland) receives grants from 208 organizations whose IRS filings report $85,059,703 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($13,973,354). 128 of them have funded it in more than one year, and 67% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does US NAVAL ACADEMY FOUNDATION INC have?
- IRS filings report 208 organizations giving $85,059,703 in grants to US NAVAL ACADEMY FOUNDATION INC, 128 of which have funded it in more than one year.
- Who is the largest funder of US NAVAL ACADEMY FOUNDATION INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $13,973,354 in grants. The full list of funders is on this page.
- How can an organization like US NAVAL ACADEMY FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. 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 208 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