Public Charity

APPALACHIAN STATE UNIVERSITY FOUNDATION INC

APPALACHIAN STATE UNIVERSITY FOUNDATION INC is a nonprofit organization categorized as Public Charity based in BOONE, NC. Its most recent IRS filing (2025) reports revenue of $39.1M, expenses of $30.6M, total assets of $265.1M. Imperigo tracks 221 reported grant relationships connected to this organization totaling approximately $27.5M.

EIN: 237099379 BOONE, NC Latest filing: 2025
Total Revenue$39.1M
Total Expenses$30.6M
Total Assets$265.1M
Grant Records221
Funding Total$27.5M
Filing Years2021–2025

Mission

THE APPALACHIAN STATE UNIVERSITY FOUNDATION EXISTS TO SUPPORT APPALACHIAN STATE UNIVERSITY STUDENTS, FACULTY, STAFF AND COMMUNITY THROUGH THE ADVANCEMENT OF FINANCIAL SUPPORT, STEWARDSHIP, GROWTH OF RESOURCES, AND ADVOCACY FOR THE UNIVERSITY'S MISSION.

Where $100 goes at Appalachian State University Foundation Inc

How Appalachian State University Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$91 Programs the work itself
$3 Management running the organization
$6 Fundraising raising the next dollar

Inside the $91 for programs

$36
Program and scholarship support provided to appalachian state university athletics
39% of program spending
$32
Support provided to appalachian state university to support academic operating budgets, faculty and staff salaries/supplements and other events, and in-kind donations
36% of program spending
$16
Support provided to appalachian state university for scholarships
17% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Bo Henderson
BOARD MEMBER Brett Hoge
BOARD CHAIR Cantey Alexander
BOARD VICE CHAIR Carolyn Schmalenberger
BOARD SECRETARY Chad Seigler
ASSISTANT VICE CHANCELLOR Clayton Christian

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$14,894,041 126 grants
Education
$10,779,776 65 grants
Public Safety & Disaster Relief
$313,204 2 grants
Human & Social Services
$233,333 1 grant
Economic Development
$102,857 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $39.1M $30.6M $265.1M
2024 $32.1M $29.7M $240.4M
2023 $33.0M $26.6M $216.2M
2022 $32.8M $22.7M $211.3M
2021 $23.0M $24.1M $199.4M

Between 2021 and 2025, reported annual revenue grew from $23.0M to $39.1M (+70%), with total assets most recently reported at $265.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for APPALACHIAN STATE UNIVERSITY FOUNDATION INC

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