EIN 23-7156305

James Madison University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
8
Year formed
1969
Most recent tax filings
2022-06-01
Description
JMU Foundation sustains and grows financial support by providing investment policy, stewardship, and innovative giving avenues. Supports intercollegiate sports programs.
Total revenues
$37,424,979
2022
Total expenses
$13,507,617
2022
Total assets
$205,939,528
2022
Num. employees
8
2022

Program areas at James Madison University Foundation

Scholarships & Fellowships - Includes expenditures for scholarships and fellowships in the form of grants to students, resulting from selection by donor-established criteria or by the James Madison University Foundation's board designation of unrestricted funds.
Intercollegiate Athletics - Expenditures for intercollegiate sport programs that provide for JMU students' physical well-being and social and cultural development outside the context of the formal instruction program. It also includes expenditures related to the administration, operation and promotion of intercollegiate athletics.
Institutional Support - Includes expenditures for central and administrative-level activities concerned with management and long-range planning for the entire institution. It also includes expenditures for operations related to human resources, postal services, finance, resource planning, information technology, and for advancement to maintain relations with the community, alumni and other constituents and to conduct activities related to institution-wide development.
Academic Support - Includes expenditures providing support services for programs of instruction, research and public services.
Instruction - Includes expenditures for all activities that are part of JMU's instructional program.
Public Service - Includes expenditures for activities established to provide non-instructional educational services beneficial to individuals and groups, internal and external to JMU.
Operation & Maintenance of Plant - Includes expenditures for the operation and maintenance of James Madison University's physical plant.
Student Support - Includes expenditures for student affairs and activities with the primary purpose of contributing to students' emotional and physical well-being and intellectual, cultural and social development outside the context of the formal instruction program.
Research - Includes expenditures for activities specifically organized to produce educational research at JMU.

Grants made by James Madison University Foundation

GranteeGrant descriptionAmount
James Madison UniversityCash Grants: Scholarships - $5,396,884; Budget Recovery - $2,143,934; Salary Support - $2,352,386$9,893,204

Who funds James Madison University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$880,000
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$363,500
Schwab Charitable FundEducation$351,199
...and 38 more grants received totalling $3,042,236

Personnel at James Madison University Foundation

NameTitleCompensation
Warren K. ColemanPresident and Chief Executive Officer$196,888
Cheryl LindsayVice President and Chief Financial Officer$119,073
Garrett KingLicensing Director
Tammy K. BalserSecretary To the Board$85,081
Beth PhillipsAccounting Manager Programs and Disbursements
...and 9 more key personnel

Financials for James Madison University Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$24,014,728
Program services$326,363
Investment income and dividends$1,739,606
Tax-exempt bond proceeds$0
Royalty revenue$641,960
Net rental income$0
Net gain from sale of non-inventory assets$10,648,765
Net income from fundraising events$53,557
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$37,424,979

Form 990s for James Madison University Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-02990View PDF
2021-062022-03-14990View PDF
2020-062021-05-11990View PDF
2019-062020-08-26990View PDF
2018-062019-05-14990View PDF
...and 9 more Form 990s

Organizations like James Madison University Foundation

OrganizationLocationRevenue
Northwest FoundationMaryville, MO$14,720,589
Northern State University FoundationAberdeen, SD$9,430,075
Us Naval Academy FoundationAnnapolis, MD$47,603,619
Hartnell College FoundationSalinas, CA$13,024,147
Scholarship Foundation of Santa BarbaraSanta Barbara, CA$9,987,149
Children's Scholarship Fund (CSF)New York, NY$24,710,520
Jesuit College Preparatory School of Dallas FoundationDallas, TX$11,355,092
The Foundation for City CollegeNew York, NY$102,453,904
Catholic Schools Foundation (CSF)Boston, MA$27,305,892
University of Central Ar FoundationincConway, AR$12,983,167
Data update history
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 3 new personnel
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 12, 2023
Used new vendors
Identified 1 new vendor, including
May 23, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsLobbyingFundraising eventsOperates internationallyEndowed supportTax deductible donations
General information
Address
1031 Harrison St MSC 8501
Harrisonburg, VA 22807
Metro area
Harrisonburg, VA
County
Harrisonburg city, VA
Website URL
jmu.edu/foundation/index.shtml 
Phone
(540) 568-3187
Facebook page
jamesmadisonuniversity 
Twitter profile
@jmu 
IRS details
EIN
23-7156305
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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