Public Charity

Ball State University Foundation Inc

Based in Muncie, IN, Ball State University Foundation Inc operates as a Public Charity. The organization reported $30.2M in revenue, $37.7M in expenses, $438.8M in total assets for fiscal year 2025. Imperigo tracks 199 reported grant relationships connected to this organization totaling approximately $21.2M.

EIN: 356024566 Muncie, IN Single Organization Support NTEE: B11 Latest filing: 2025
Total Revenue$30.2M
Total Expenses$37.7M
Total Assets$438.8M
Grant Records199
Funding Total$21.2M
Filing Years2021–2025

Mission

Our mission is to optimize sustainable support for Ball State University by obtaining, investing, and managing private gifts wisely while fulfilling our fiduciary responsibilities to Donors, the University, and designated beneficiaries. The Ball State University Foundation will continue to support the University's mission by maintaining its reputation as an institution of excellence while fostering a culture of philanthropy, service, volunteer leadership, and exemplary fiduciary responsibility.

Where $100 goes at Ball State University Foundation Inc

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

$68 Programs the work itself
$18 Management running the organization
$14 Fundraising raising the next dollar

Inside the $68 for programs

$32
Support of facilities and equipment to enhance the educational opportunities and environment for ball state university students
48% of program spending
$26
Support is provided to ball state university in the following areas academic programs, advancement and development, faculty support, research, faculty and student recruitment, public service, external relationships, artwork…
38% of program spending
$10
Scholarships and financial aid are provided to students at ball state university to further their educational goals
14% of program spending · Reported in the filing: 1,860 scholarships; 1,500 students
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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

VP OF FINANCE & TREASURER (End 02/25) Alan Finn
BOARD MEMBER Bente M Weitekamp
ASSISTANT SECRETARY Beth Alexander
BOARD MEMBER Betsy M Ross
SR DIRECTOR OF DEVELOPMENT Brenda Davis
BOARD MEMBER Brian J Haynes

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$9,933,151 107 grants
Education
$6,391,745 56 grants
Sports & Recreation
$675,000 3 grants
Economic Development
$400,000 2 grants
Youth Development
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $30.2M $37.7M $438.8M
2024 $66.9M $30.2M $413.6M
2023 $20.0M $24.9M $343.4M
2022 $39.1M $25.6M $327.6M
2021 $35.5M $24.6M $330.4M

Between 2021 and 2025, reported annual revenue declined from $35.5M to $30.2M (-15%), with total assets most recently reported at $438.8M.

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

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