MSU FOUNDATION INC

EIN 31-1003236 MOREHEAD, KY

Browse the largest nonprofits in Kentucky

Revenue 2024: $12,815,744
Expenses 2024: $6,752,177

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection: 03
Classification: 1000
Street: PO BOX 628

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).

Mission and programs · 2024

Mission

TO PROVIDE MARGIN OF EXCELLENCE OPPORTUNITY FUNDING TO MOREHEAD STATE UNIVERSITY IN AN EFFORT TO ASSIST MSU IN REACHING ITS ESTABLISHED GOALS. THE MISSION OF MOREHEAD FOUNDATION IS TO PRUDENTLY ADMINISTER ALL ASSETS OF THE FOUNDATION AND/OR MOREHEAD STATE UNIVERSITY AS PROVIDED BY FEDERAL AND STATE LAW AND REGULATION AND THROUGH FIDUCIARY RESPONSIBILITY BETWEEN THE UNIVERSITY AND THE FOUNDATION, TO PROMOTE EDUCATIONAL PURPOSES IN CONNECTION WITH OR AT THE REQUEST OF THE UNIVERSITY BY ENCOURAGING, SPONSORING AND SUPPORTING INSTITUTIONAL PRIORITIES, TO PROVIDE ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT AND THE BOARD OF REGENTS OF MOREHEAD STATE UNIVERSITY, AND TO PROVIDE VOLUNTEER LEADERSHIP TO MOREHEAD STATE UNIVERSITY'S FUND RAISING PROGRAMS AND TO ASSIST OTHER INSTITUTIONAL ADVANCEMENT EFFORTS.

Activities or mission (Part I)

SUPPORT OF MOREHEAD STATE UNIVERSITY THROUGH FUNDRAISING AND ADMINISTRATIVE SUPPORT

GENERAL FUND - PROVIDED ASSISTANCE TO THE VARIOUS ACADEMIC PROGRAMS AT MOREHEAD STATE UNIVERSITY.

Expenses $3,381,190 · Grants $3,381,190 · Revenue $383,377
SCHOLARSHIP FUND - PROVIDED SCHOLARSHIPS FOR ELIGIBLE STUDENTS AT MOREHEAD STATE UNIVERSITY.

Expenses $949,777 · Grants $949,777
EAGLE ATHLETIC FUND - PROVIDED ASSISTANCE TO THE VARIOUS SPORTS PROGRAMS AT MOREHEAD STATE UNIVERSITY.

Expenses $946,107 · Grants $930,150 · Revenue $386,234
ENDOWMENT FUND - PROVIDED SUPPORT TO MOREHEAD STATE UNIVERSITY FOR PROFESSORSHIPS, CHAIRS, AND RESEARCH PROJECTS.

Expenses $538,307

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

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.

Mr Rick HesterbergMR RICK HESTERBERG

FOUNDATION, CEO (PARTIAL YEAR)

Total calculated

$0

Hours/week

1
Ms Allison CaudillMS ALLISON CAUDILL

FOUNDATION, CEO (PARTIAL YEAR)

Total calculated

$0

Hours/week

1
Mr Perry AllenMR PERRY ALLEN

BOARD CHAIR

Total calculated

$0

Hours/week

1
Mr Andrew JonesMR ANDREW JONES

VICE CHAIR

Total calculated

$0

Hours/week

1
Mr Ronald CarteeMR RONALD CARTEE

TRUSTEE (PART YEAR)

Total calculated

$0

Hours/week

1
Mr John MerchantMR JOHN MERCHANT

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Andre PrefontaineMR ANDRE PREFONTAINE

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Brian McBrayerMR BRIAN MCBRAYER

TRUSTEE (PART YEAR)

Total calculated

$0

Hours/week

1
Ms Janice TowlesMS JANICE TOWLES

TRUSTEE

Total calculated

$0

Hours/week

1
Mr James JenningsMR JAMES JENNINGS

TRUSTEE

Total calculated

$0

Hours/week

1
Ms Peggy OsborneMS PEGGY OSBORNE

TRUSTEE

Total calculated

$0

Hours/week

1
Ms Barbara IsonMS BARBARA ISON

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Brett TraverMR BRETT TRAVER

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Jon HarvilleMR JON HARVILLE

TRUSTEE

Total calculated

$0

Hours/week

1
Ms Heather ThompsonMS HEATHER THOMPSON

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Kevin JohnsMR KEVIN JOHNS

TRUSTEE

Total calculated

$0

Hours/week

1
Ms Kimberly Hayes TaylorMS KIMBERLY HAYES TAYLOR

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Brandon FraleyMR BRANDON FRALEY

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Daniel McGowanMR DANIEL MCGOWAN

TREASURER

Total calculated

$0

Hours/week

1
Mr Bernie McKayMR BERNIE MCKAY

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Todd PhillipsMR TODD PHILLIPS

TRUSTEE

Total calculated

$0

Hours/week

1
Ms Terri WaltersMS TERRI WALTERS

TRUSTEE

Total calculated

$0

Hours/week

1
Ms Colleen PayneMS COLLEEN PAYNE

TRUSTEE

Total calculated

$0

Hours/week

1
Mr Bob AlbertMR BOB ALBERT

TRUSTEE (PART YEAR)

Total calculated

$0

Hours/week

1
Mr Ronald CooperMR RONALD COOPER

TRUSTEE

Total calculated

$0

Hours/week

1

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. Earlier years are each on their own filing page.

Filings

2024

Revenue

$12,815,744

Expenses

$6,752,177

Contributions

$5,441,720

Grants paid

$5,261,117
2023

Revenue

$10,191,156

Expenses

$6,693,927

Contributions

$7,261,212

Grants paid

$4,919,933
2022

Revenue

$6,483,169

Expenses

$6,288,780

Contributions

$4,928,535

Grants paid

$4,315,384

Tax year	Revenue	Expenses	Contributions	Grants paid
2024	$12,815,744	$6,752,177	$5,441,720	$5,261,117
2023	$10,191,156	$6,693,927	$7,261,212	$4,919,933
2022	$6,483,169	$6,288,780	$4,928,535	$4,315,384

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

$5,625,447

Expenses

$4,860,752

Assets (EOY)

$71,026,535
2021 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2020 · 990

Revenue

$4,891,243

Expenses

$3,294,665

Assets (EOY)

$74,127,957
2020 · 990-T

Revenue

not reported

Expenses

not reported

Assets (EOY)

not reported
2019 · 990

Revenue

$9,754,504

Expenses

$3,979,488

Assets (EOY)

$59,808,708
2018 · 990

Revenue

$6,240,724

Expenses

$5,153,766

Assets (EOY)

$56,100,714
2017 · 990

Revenue

$5,888,184

Expenses

$4,676,208

Assets (EOY)

$54,732,807

Tax year	Form	Revenue	Expenses	Assets (EOY)
2024	990-T	not reported	not reported	not reported
2023	990-T	not reported	not reported	not reported
2022	990-T	not reported	not reported	not reported
2021	990	$5,625,447	$4,860,752	$71,026,535
2021	990-T	not reported	not reported	not reported
2020	990	$4,891,243	$3,294,665	$74,127,957
2020	990-T	not reported	not reported	not reported
2019	990	$9,754,504	$3,979,488	$59,808,708
2018	990	$6,240,724	$5,153,766	$56,100,714
2017	990	$5,888,184	$4,676,208	$54,732,807

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

MOREHEAD STATE UNIVERSITY

$4,311,340

2024 SUPPORT OF THE UNIVERSITY
MOREHEAD STATE UNIVERSITY

$3,874,426

2023 SUPPORT OF THE UNIVERSITY
MOREHEAD STATE UNIVERSITY

$2,995,922

2022 SUPPORT OF THE UNIVERSITY

Where these grants went next →

Grants received

NATIONAL PHILANTHROPIC TR

$205,000

2024 EDUCATION
NATIONAL PHILANTHROPIC TR

$160,000

2023 EDUCATION
NATIONAL PHILANTHROPIC TR

$100,000

2022 EDUCATION
VANGUARD CHARITABLE ENDOWMENT PROGRAM

$100,000

2022 FOR RECIPIENT'S EXEMPT PURPOSE
THE COMMUNITY FOUNDATION OF LOUISVILLE INC

$95,000

2024 T22 PRIVATE INDEPENDENT FOUNDATIONS
THE SCIOTO COUNTY AREA FOUNDATION

$36,314

2022 To further the exempt purpose of the organization
DONOR ADVISED CHARITABLE GIVING

$32,300

2023 EDUCATION
ORANGE COUNTY COMMUNITY FOUNDATION

$30,000

2023 EDUCATION
VANGUARD CHARITABLE ENDOWMENT PROGRAM

$25,000

2023 FOR RECIPIENT'S EXEMPT PURPOSE
THE SCIOTO COUNTY AREA FOUNDATION

$24,693

2023 To further the exempt purpose of the organization

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

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.