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MARSHALL UNIVERSITY FOUNDATION INCORPORATED

EIN 55-6011111 HUNTINGTON, WV

Browse the largest nonprofits in West Virginia

Revenue 2024
$85,061,153
Expenses 2024
$19,801,569

Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B110
Classification
1200
Street
519 JOHN MARSHALL DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources.

Activities or mission (Part I)

The Marshall University Foundation was chartered on January 3, 1947 as an independent non-profit organization to receive, invest, administer and disburse private resources on behalf of Marshall University.

  • The organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university

    Expenses $8,762,801

  • 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.

    Expenses $1,832,382

  • Department and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments

    Expenses $1,474,644

  • Other expenses attributable to program funds in support of the university and departments, and adjustments for bad debts.

    Expenses $2,754,300

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Dr Ronald Area

    CEO (Retired)

    Total calculated
    $334,870
    From this org
    $276,390
    From related orgs
    $0
    Other
    $58,480
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $276,390
    Bonus
    $0
    Other
    $0
    Deferred
    $23,565
    Nontaxable benefits
    $34,915
    Filer's total
    $334,870
  • Mr R Scott Anderson

    CFO

    Total calculated
    $189,972
    From this org
    $152,951
    From related orgs
    $0
    Other
    $37,021
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $152,951
    Bonus
    $0
    Other
    $0
    Deferred
    $9,503
    Nontaxable benefits
    $27,518
    Filer's total
    $189,972
  • Mr Nicolas Karagosian

    CEO/Foundation President

    Total calculated
    $126,381
    From this org
    $99,748
    From related orgs
    $0
    Other
    $26,633
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $99,748
    Bonus
    $0
    Other
    $0
    Deferred
    $5,885
    Nontaxable benefits
    $20,748
    Filer's total
    $126,381
  • Mr Bernard Coston

    First Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Mrs Nancy E Campbell

    Board Chair

    Total calculated
    $0
    Hours/week
    3
  • Mrs Carol J Hartley

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mrs Sharon D Shaffer

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    2
  • Mr Barry Burgess

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mr William W Carter

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mr Mark A Chandler

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Ms Kathy Eddy

    Director

    Total calculated
    $0
    Hours/week
    2
  • Ms Diane Ramy Faulconer

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mrs Verna K Gibson

    Director

    Total calculated
    $0
    Hours/week
    2
  • Dr Robert Hess

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mr William V Jackson

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mr Rex W Johnson

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mr Max Lederer

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mr Norman Mosrie

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mr Charles W Pace

    Director

    Total calculated
    $0
    Hours/week
    2
  • Dr Joseph Touma

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Mr Danny Vance

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Mr Steven Wellman

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Mr Marc Williams

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mrs A Sue Zemba

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Mr Steve Rubin

    Director

    Total calculated
    $0
    Hours/week
    2

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $85,061,153
    Expenses
    $19,801,569
    Contributions
    $74,526,148
    Grants paid
    $8,762,801
  • 2023
    Revenue
    $22,167,378
    Expenses
    $50,037,003
    Contributions
    $17,609,125
    Grants paid
    $16,931,191
  • 2022
    Revenue
    $48,068,529
    Expenses
    $18,321,336
    Contributions
    $23,232,583
    Grants paid
    $7,999,399

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2021 · 990

    Revenue
    $28,228,020
    Expenses
    $15,991,740
    Assets (EOY)
    $344,717,415
  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2020 · 990

    Revenue
    $39,444,191
    Expenses
    $13,848,567
    Assets (EOY)
    $365,151,220
  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2019 · 990

    Revenue
    $32,818,668
    Expenses
    $14,771,440
    Assets (EOY)
    $297,189,135
  • 2018 · 990

    Revenue
    $50,987,540
    Expenses
    $16,820,028
    Assets (EOY)
    $304,781,369
  • 2017 · 990

    Revenue
    $13,272,805
    Expenses
    $16,493,967
    Assets (EOY)
    $258,659,897

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • Marshall University

    $45,393,118

    2023 to support the students and university departments in their educational mission

  • Marshall University

    $14,820,745

    2024 to support the students and university departments in their educational mission

  • Marshall University

    $13,801,343

    2022 to support the students and university departments in their educational mission

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • Marshall Services Corporation

    C · Invest in joint venture for internationalization of campus · WV · 100% owned · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.