Public Charity

JAMES MADISON UNIVERSITY FOUNDATION INC

Based in Harrisonburg, VA, JAMES MADISON UNIVERSITY FOUNDATION INC operates as a Public Charity. The organization reported $37.7M in revenue, $21.2M in expenses, $271.5M in total assets for fiscal year 2025. Imperigo tracks 196 reported grant relationships connected to this organization totaling approximately $16.6M.

EIN: 237156305 Harrisonburg, VA Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$37.7M
Total Expenses$21.2M
Total Assets$271.5M
Grant Records196
Funding Total$16.6M
Filing Years2021–2025

Mission

The James Madison University Foundation provides prudent investment policy and stewardship to sustain and grow financial support for the University, while collaborating with the University to create innovative avenues of giving and to meet critical funding initiatives.

Where $100 goes at James Madison University Foundation Inc

How James Madison University Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$90 Programs the work itself
$7 Management running the organization
$3 Fundraising raising the next dollar

Inside the $90 for programs

$49
Scholarships & Fellowships
55% of program spending
$12
Intercollegiate Athletics
13% of program spending
$10
Institutional Support
11% of program spending

Plus 6 more programs. Cost per person served and the full program breakdown are on the full profile.

Share on LinkedIn Share on Facebook
Add this to your website

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

Trustee A Jerry Benson
Vice President/Chief Financial Officer Cheryl L Lindsay
Trustee Curtis Pulliam
Trustee Darrel Branch
Chair David S Kay
Trustee Ellen W Meyer

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$9,229,992 107 grants
Education
$6,836,005 65 grants
Sports & Recreation
$118,258 2 grants
Health & Medicine
$118,228 2 grants
Fundraising & Sponsorship
$45,022 3 grants

Financial Trends

Year Revenue Expenses Assets
2025 $37.7M $21.2M $271.5M
2024 $48.7M $21.3M $235.0M
2023 $21.6M $21.4M $214.4M
2022 $37.4M $13.5M $205.9M
2021 $23.6M $17.6M $232.7M

Between 2021 and 2025, reported annual revenue grew from $23.6M to $37.7M (+59%), with total assets most recently reported at $271.5M.

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

See the full picture for JAMES MADISON UNIVERSITY FOUNDATION INC

Complete financials, all 196 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time