Kansas State University Foundation
71% goes to programs $14 to raise $100 Strong reserves Growing revenue
Kansas State University Foundation is a 501(c)(3) organization based in Manhattan, Kansas, registered in 1945, with $265,184,453 in FY2023 revenue. CharityIndex grades it B+, and it directs about 71% of spending to programs.
1800 Kimball Ave Ste 200, Manhattan, KS, 66502 EIN 48-0667209 Since 1945
Revenue (FY2023)
$265.2M
▲ 43.1% vs prior year
Education median: $200K
Expenses (FY2023)
$160.5M
Net assets
$1.3B
Employees
245
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating71% to programs · $14 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Kansas State University Foundation: 71% to programs · $14 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating97 mo reserves · +39% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kansas State University Foundation: 97 mo reserves · +39% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Kansas State University Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kansas State University Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Ksu foundation encourages and prudently manages gifts donated for the benefit of ksu and fosters a culture that unites philanthropic desires with university priorities.
What they do
Kansas state university scholarships--generous donors to kansas state university foundation have provided endowed and expendable funds to be used for providing scholarships to undergraduate and graduate students of kansas state university. 8,002 students received scholarship assistance during the 23/24 academic year.
Kansas state university academic support expenditures are made for the purchase of computer hardware and software, furniture and equipment, professional services and consultations, classroom and lab supplies.
Kansas state university construction projects, including construction and professional services, associated with the construction & improvement of buildings located on the campus of kansas state university.
Contact & location
- Address
- 1800 Kimball Ave Ste 200, Manhattan, KS, 66502
- City
- Manhattan
- State
- Kansas
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $228.2M (FY2013) to $265.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $110.9MNet assets $1.3B
Operating margin
39.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$110.9M
Net assets
$1.3B
Salaries & benefits
$20.7M
13% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $265,184,453▲43.1% | $160,469,150▲14.9% | $1,300,896,833▲6.3% | $1,411,803,863▲5.6% | 990 |
| 2022 | $185,341,726▼27.7% | $139,708,363▲10.5% | $1,223,414,211▲4.5% | $1,336,368,901▲6.3% | 990 |
| 2021 | $256,518,677▲30.6% | $126,437,816▲19.8% | $1,170,355,078▲8.1% | $1,256,682,544▲7.6% | 990 |
| 2020 | $196,404,510▲48.4% | $105,571,499▲1.2% | $1,082,287,382▲32.6% | $1,167,807,593▲30.8% | 990 |
| 2019 | $132,355,724▼19.6% | $104,368,228▼7.4% | $815,969,298▲4.4% | $892,914,031▲4.3% | 990 |
| 2018 | $164,560,314▲25.7% | $112,710,784▼1.0% | $781,862,837▲11.9% | $855,938,673▲10.9% | 990 |
| 2017 | $130,950,585▲16.3% | $113,813,657▲9.1% | $698,779,158▲4.6% | $771,823,779▲7.4% | 990 |
| 2016 | $112,613,538▲14.0% | $104,329,766▼15.2% | $668,219,938▲4.6% | $718,675,159▲4.2% | 990 |
| 2015 | $98,826,709▼26.1% | $123,092,798▲5.2% | $638,700,498▼4.5% | $690,002,074▼6.0% | 990 |
| 2014 | $133,809,394▼41.4% | $117,060,761▲40.0% | $668,843,353▼2.0% | $733,780,723▲0.8% | 990 |
| 2013 | $228,208,713 | $83,628,540▼0.4% | $682,498,241▲36.8% | $727,873,914▲37.0% | 990 |
| 2012 | — | $83,969,499▲13.0% | $499,002,592▲9.1% | $531,252,591▲8.1% | 990 |
| 2011 | — | $74,307,808▲31.7% | $457,394,081▼1.5% | $491,303,240▼1.2% | 990 |
| 2010 | — | $56,413,490▼8.8% | $464,137,444▲21.3% | $497,498,045▲20.0% | 990 |
| 2009 | — | $61,826,960 | $382,551,478 | $414,595,522 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Greg Willems — $714,700 (0.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Greg Willems | President/ceo | 45 | $714,700 |
| Lois Cox | Vp For Investments/cio | 40 | $609,584 |
| Greg Lohrentz | Sr Vp Operations and Finance | 45 | $446,764 |
| Paul Chai | Vp For Investments/cio | 45 | $416,284 |
| Stephanie Froehlich | Sr Vp of Development | 45 | $336,564 |
| Eric Holderness | Sr Associate Vp of Development | 45 | $250,164 |
| Christopher Mills | Avp Information Tech and Infra | 45 | $201,939 |
| Darci Cain | Sr. Director of Gift Planning | 45 | $189,139 |
| Jill Trego | Vp Culture and Engagement | 45 | $188,330 |
| Sheila Walker | Avp of Collegiate Development | 45 | $188,240 |
| Susan Berhow | Vice President of Marketing Communications | 45 | $166,503 |
| Deborah Tuttle | Avp Finance & Acct, Controller | 45 | $160,030 |
| Christy Scott | Avp of Compliance Services | 40 | $155,030 |
| Chancy Love | Member, Bd of Directors | 1 | — |
| Charlene Lake | Chair, Bd of Directors | 1 | — |
| Chuck Warta | Member, Bd of Directors | 1 | — |
| Damon Hininger | Member, Bd of Directors | 1 | — |
| David Everitt | Member, Bd of Directors | 1 | — |
| Gabe Hernandez | Member, Bd of Directors | 1 | — |
| Jim Johnson | Member, Bd of Directors | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mccown Gordon Construction LLC | Construction | $12,038,370 |
| Hutton Construction Corporation | Construction | $2,488,198 |
| Hoefer Welker Architects LLC | Construction | $2,162,556 |
| Tyrell Corporation | Financial Services | $715,000 |
| Lathrop Gpm | Legal | $595,143 |
Grants received · $146.0M total
362 grants to Kansas State University Foundation totaling $146.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For Food and Agriculture Research | Research | 2024 | $2,223,474 |
| Greater Kansas City Community Foundation | Education | 2024 | $1,359,132 |
| Greater Manhattan Community Foundation | Education | 2024 | $913,300 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $531,500 |
| American Endowment Foundation | Educational | 2024 | $376,250 |
| American Online Giving Foundation Inc | General support | 2024 | $269,550 |
| Community Fdn of Greater Des Moines | Second of five payments to wiltfong brothers scholarship in veterinary medicine fund | 2024 | $200,000 |
| Ayco Charitable Foundation | Education | 2024 | $124,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $114,691 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $105,000 |
| Community Fdn of Greater Des Moines | Lacy family cba applied learning experience fund | 2024 | $100,000 |
| Community Fdn of Greater Des Moines | 2024 building champions campaign contribution | 2024 | $100,000 |
| Greater Horizons | Education | 2024 | $73,005 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $57,940 |
| Community Fdn of Greater Des Moines | Ksu alumni association ac operations | 2024 | $50,000 |
Grants made · $73.9M in FY2023
23 grants totaling $73.9M in FY2023 — showing the 15 largest. All grants made by Kansas State University Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| K State Athletics Inc | Administration support | $38,909,883 |
| Kansas State University | Administration support | $25,759,605 |
| Ksu Charitable Real Estate Foundation | General support | $1,982,203 |
| K State Athletics Inc | General support | $1,902,775 |
| Alumni Association of Kansas State University | Administration support | $1,826,964 |
| Kansas State University | Construction | $1,559,158 |
| K State Athletics Inc | Support & scholarships | $648,977 |
| Alumni Association of Kansas State University | Scholarships | $643,300 |
| Kansas State University | Support & scholarships | $355,014 |
| Alumni Association of Kansas State University | General support | $58,267 |
| Us Department of Education | Scholarships | $55,253 |
| Trustees of Purdue University | Award | $51,800 |
| Harvesters-the Community Food Network | Food inventory | $37,515 |
| Manhattan Chamber of Commerce Inc | Award | $20,000 |
| Johns Hopkins University | Electronic books for hale library | $15,494 |
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Frequently asked questions
- Is Kansas State University Foundation a legitimate nonprofit?
- Yes. Kansas State University Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 48-0667209, based in Manhattan, Kansas. Donations are tax-deductible.
- What is Kansas State University Foundation's EIN?
- Kansas State University Foundation's Employer Identification Number (EIN) is 48-0667209.
- How much revenue does Kansas State University Foundation report?
- Kansas State University Foundation reported $265,184,453 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Kansas State University Foundation's spending goes to programs?
- Kansas State University Foundation spends about 71% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kansas State University Foundation have?
- CharityIndex grades Kansas State University Foundation B+, based on program efficiency and fundraising cost.
- How much does Kansas State University Foundation's highest-paid employee make?
- The highest reported compensation on Kansas State University Foundation's latest Form 990 is $714,700, paid to Greg Willems (President/ceo).
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Data for Kansas State University Foundation (EIN 48-0667209) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.