Marshall University Foundation
Marshall University Foundation reported $85.1 million in revenue and $19.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.86 went to program services, $13.94 to management and general costs and $11.20 to fundraising. Its largest source of revenue was contributions and grants: 87.6% of the total. The highest compensation it reported for one person was $334,870 (CEO (Retired)). 3 people received more than $100,000 in reportable compensation. Revenue rose 159% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $85MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 87.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $334,870 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.69% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 3 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 225.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university
The organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects
Department and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO (Retired) Former, 40 hrs/week | $276,390 | $0 | $58,480 | $334,870 |
| CFO Key employee, highest compensated employee, 40 hrs/week | $152,951 | $0 | $37,021 | $189,972 |
| CEO/Foundation President Key employee, highest compensated employee, 40 hrs/week | $99,748 | $0 | $26,633 | $126,381 |
3 people received more than $100,000 in reportable compensation from Marshall University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $886K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 544
- Volunteers Part I, line 6100
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ADL Ventures work related to Just Transition Fund project-Ecosystem building | $225,000 |
| Stanbury Uniforms LLC band uniforms | $151,537 |
| Education Design Lab Lab work obo Marshall and Mountwest | $150,000 |
| Gener8tor Management LLC Gener8tor gBETA virtual accelerator pilot for startup creation | $110,000 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
35 private foundations reported grants to Marshall University Foundation totaling $2.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Marshall University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Marshall University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Marshall University Foundation spent in FY2025, $74.86 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Dexter SouthfieldBrookline, MA · revenue $85M · programs 85.2% · FY2025
- University of South Carolina Educational FoundationColumbia, SC · revenue $85M · programs 91.0% · FY2025
- Felician UniversityLodi, NJ · revenue $85M · programs 92.4% · FY2025
- The Master's University and SeminarySanta Clarita, CA · revenue $85M · programs 87.2% · FY2023
- Noble and Greenough SchoolDedham, MA · revenue $85M · programs 84.3% · FY2025
All education charities · Largest charities in West Virginia
Questions people ask
How much of Marshall University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Marshall University Foundation reported that 74.9% of its $19.8 million in expenses went to program services, 13.9% to management and general and 11.2% to fundraising (Form 990, Part IX).
How much does Marshall University Foundation pay its top executive?
The largest total compensation Marshall University Foundation reported for one person in the fiscal year ending June 30, 2025 was $334,870, for the role of CEO (Retired) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Marshall University Foundation get its money?
Of $85.1 million in revenue in the fiscal year ending June 30, 2025, 87.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Marshall University Foundation a registered charity?
The IRS lists EIN 55-6011111 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600639349300520 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540799349300144 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400719349300610 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301219349302445 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220909349300542 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140769349300829 · read the filing
All filings for EIN 55-6011111: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.