EIN 23-7156305

James Madison University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
11
Year formed
1969
Most recent tax filings
2023-06-01
Description
JMU Foundation sustains and grows financial support by providing investment policy, stewardship, and innovative giving avenues. Supports intercollegiate sports programs.
Total revenues
$21,589,923
2023
Total expenses
$21,367,072
2023
Total assets
$214,401,774
2023
Num. employees
11
2023

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.
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.
Operation & Maintenance of Plant - Includes expenditures for the operation and maintenance of James Madison University's physical plant. Current year expenditures include transfers to James Madison University of donor-designated funds for the construction of a college of business learning complex, and various athletics construction projects.
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.
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.
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 - $7,704,181; Budget Recovery - $1,398,000; Salary Support - $2,959,008; and Capital Projects $4,900,000.$16,961,189
James Madison University Real Estate Foundation$108,891

Who funds James Madison University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lettie Pate Whitehead FoundationFor Nursing Scholarships.$401,000
American Endowment FoundationEducational$342,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$325,750
...and 70 more grants received totalling $2,542,972

Personnel at James Madison University Foundation

NameTitleCompensation
Warren K. ColemanPresident and Chief Executive Officer$229,913
Cheryl L. LindsayVice President and Chief Financial Officer$132,435
Garrett KingLicensing Director
Beth PhillipsAccounting Manager Programs and Disbursements
Courtney SamueluSenior Accounting Manager Financial Reporting
...and 9 more key personnel

Financials for James Madison University Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$17,693,378
Program services$349,541
Investment income and dividends$2,914,959
Tax-exempt bond proceeds$0
Royalty revenue$736,128
Net rental income$0
Net gain from sale of non-inventory assets$-164,514
Net income from fundraising events$60,431
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$21,589,923

Form 990s for James Madison University Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-19990View PDF
2022-062023-03-02990View PDF
2021-062022-03-14990View PDF
2020-062021-05-11990View PDF
2019-062020-08-26990View PDF
...and 10 more Form 990s

Organizations like James Madison University Foundation

OrganizationLocationRevenue
The Foundation for City CollegeNew York, NY$27,910,258
Oregon Tech FoundationKlamath Falls, OR$6,429,423
Miami Dade College FoundationMiami, FL$35,719,937
NDSU Foundation NDSU Foundation and Alumni AssociationFargo, ND$58,170,689
Binghamton University FoundationBinghamton, NY$57,977,280
Florida International University FoundationMiami, FL$44,931,282
Skagit Valley College FoundationMount Vernon, WA$5,969,491
University of Central Missouri FoundationWarrensburg, MO$15,315,526
University of Wisconsin Oshkosh FoundationOshkosh, WI$6,661,110
Southwestern Medical FoundationDallas, TX$79,182,549
Data update history
August 26, 2024
Received grants
Identified 10 new grant, including a grant for $50,500 from Scottish Rite Foundation of Virginia
May 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $175,301 from American Online Giving Foundation
April 24, 2024
Updated personnel
Identified 1 new personnel
January 24, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Provides grantsLobbyingFundraising eventsOperates internationallyNational levelEndowed supportTax deductible donationsAccepts online 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
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0291244
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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