EIN 57-6020493

The Citadel Foundation

IRS 501(c) type
501(c)(3)
Num. employees
37
Year formed
1961
Most recent tax filings
2022-12-01
Description
The Citadel Foundation secures philanthropic support for The Citadel, providing scholarships and academic resources to attract and retain outstanding students.
Total revenues
$31,638,526
2022
Total expenses
$24,586,077
2022
Total assets
$306,832,269
2022
Num. employees
37
2022

Program areas at The Citadel Foundation

Academic support: unrestricted gifts to The Citadel are an essential component in maintaining The college's academic excellence and fiscal stability. Unrestricted gifts have an immediate and enduring impact on campus priorities and The most urgent needs, providing The flexibility to support The college's most critical objectives. Unrestricted gifts enable The Citadel to:1. Enhance The classroom experience and library resources 2. Support cadet research and travel initiatives 3. Provide scholarships and financial aid resources 4. Engage and retain The most talented faculty and staff 5. Expand leadership and character development opportunities 6. Keep pace with cutting-edge technology advancesannual gifts also increase donor participation rates, which are often influential factors in nationwide college rankings and funding decisions by potential corporate and Foundation grant makers. Such additional revenue sources are essential to offset tuition increases and supplement state support. Unrestricted gifts to The Citadel continue The college's longstanding tradition of providing cadets and graduate students with an exceptional education in a disciplined environment, deep bonds and lasting friendships, and above all, The ability and confidence to face whatever challenges come their way.
Enrichment programs: The Citadel has established a variety of programs to support The college's mission to educate and prepare graduates to become principled leaders in all walks of life by instilling The core values of The Citadel in a challenging intellectual environment. These programs enhance The college's academic standing by enabling cadets and Citadel graduate college students to participate in external leadership opportunities and conferences, and by helping to promote The Citadel through associations with peer institutions focused on leadership development. Examples of program initiatives include: 1. The krause center for leadership and ethics 2. Cybercorps scholarship for service program3. Swain boating center4. Emerging topics in intelligence and security studies lecture series5. Academic lab and facility upgrades, such as The new construction of capers hall and a new school of engineering facility, renovations to byrd and duckett halls, and fundraising efforts to rebuild The east side stands at johnson hagood stadium
Scholarships: scholarships allow The Citadel to attract and retain promising cadets and students. Approximately 56% of The Citadel's 2,300-member corps of cadets receive institutionally provided, donor-funded scholarship support. The Citadel's office of financial aid and scholarships awards approximately $16 million in scholarships from endowments held at The Citadel's affiliated foundations. Scholarship awards range from full-tuition, merit-based awards to need-based financial awards that support dedicated cadets who simply need help to complete their Citadel education. Most scholarships awarded by The Citadel are renewable from one year to The next, providing that The cadet recipient remains in good standing and continues to meet The eligibility criteria for The award. Thanks to The generosity of alumni and friends of The college, nearly three-quarters of The corps of cadets receives some degree of financial assistance toward earning their Citadel degree.

Grants made by The Citadel Foundation

GranteeGrant descriptionAmount
The Citadel Real Estate FoundationTo Provide Financial Assistance for the Construction of Bastin Hall.$150,000

Who funds The Citadel Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Sansom Family FoundationGeneral Fund/ Citadel Project$1,179,925
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$259,935
Schwab Charitable FundEducation$249,051
...and 58 more grants received totalling $3,325,429

Personnel at The Citadel Foundation

NameTitleCompensation
Jay P DowdPresident and Chief Executive Officer$453,846
Shannon MeaseChief Financial Officer$298,341
Gaylord W GreeneVice President Athletic Development / Vice President - Athletic Development / Vice President and Athletic Development$215,513
Jonathan KreskenVice President Legacy , Annual and Reunion Giving / Vice President Legacy Annual and Reunion Giving / Vice President - Legacy and Annual Giving / Vice President , Legacy , Annual and Reunion Giving / Vice President and Legacy , Annual and Reunion Giving / Vice President and Legacy , Annual and Reunion Campaign / Assistant Vice President of Legacy Giving$242,644
Ashley SantosAssistant Vice President for Principal Gifts and Capital / Associate Vice President , Principal Giving and Campaign Manager / Asso Vice President - Principal Gifts and Capital / Associate Vice President for Principal Gifts and Campaign Manager$149,533
...and 6 more key personnel

Financials for The Citadel Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$25,189,825
Program services$0
Investment income and dividends$201,825
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$5,886,584
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$360,292
Total revenues$31,638,526

Form 990s for The Citadel Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-11-14990View PDF
2020-122021-11-12990View PDF
2019-122021-04-01990View PDF
2018-122020-02-07990View PDF
...and 11 more Form 990s
Data update history
August 26, 2024
Received grants
Identified 14 new grant, including a grant for $100,000 from O Perry Earle Jr and Louise Jordan Earle Foundation Foundation
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $99,000 from The Watts Family Foundation
January 21, 2024
Updated personnel
Identified 5 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Received grants
Identified 14 new grant, including a grant for $160,920 from National Christian Foundation / Natl Christian Charitable FDN Inc
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Provides grantsOperates internationallyEndowed supportCommunity engagement / volunteeringTax deductible donations
General information
Address
171 Moultrie St
Charleston, SC 29409
Metro area
Charleston-North Charleston, SC
County
Charleston County, SC
Phone
(843) 953-6914
Facebook page
TheCitadelFoundation 
Twitter profile
@thecitadelfund 
IRS details
EIN
57-6020493
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1961
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
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