Appalachian State University

BOONE, NC EIN: 23-7099379 Website

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$240.4M

+11.2% YoY

Annual Giving

$26.2M

+13.8% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$6.5M

+13.8% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$9M$18M$27M$36M20202021202220232024
Metric202420232022
Total Assets$240,354,589$216,184,737$211,346,628
Revenue$32,111,137$32,992,560$32,803,152
Expenses$29,705,857$26,568,594$22,692,301
Qualifying Distributions
Net Investment Income$2,000,566$1,190,055$1,279,079
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$7M$13M$20M$26M4 grants20204 grants20214 grants20224 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

APPALACHIAN STATE UNIVER…$15.2MAPPALACHIAN STATE UNIVER…$5.0MAPPALACHIAN STATE UNIVER…$4.6MAPPALACHIAN STATE UNIVER…$1.3M

Grant Size Distribution

20 grants across all recorded years

1<$50K$50–100K$100–250K1$250–500K2$500K–1M7$1–5M9$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
BO HENDERSONBOARD MEMBER1
CANTEY ALEXANDERBOARD CHAIR3
CAROLYN SCHMALENBERGERBOARD VICE CHAIR3
CHAD SEIGLERBOARD SECRETARY3
DAN LAYZELLBOARD MEMBER1
DAVID WILLIAMSBOARD MEMBER1
DENNIS COVINGTONBOARD MEMBER1
DONNA FIORIBOARD MEMBER1
IRENE SAWYERBOARD MEMBER1
JAMES REAVESBOARD MEMBER1
JAMIE HARRISBOARD MEMBER1
JEANNINE UNDERDOWN COLLINSBOARD MEMBER1
KYLER FERGUSONBOARD MEMBER1
MARK RICKSBOARD MEMBER1
PHILLIP OSTWALTBOARD TREASURER3
SAM POWERSBOARD MEMBER1
SHERI EVERTSBOARD MEMBER1
STEVE WYATTBOARD MEMBER1
WILLIAM SEARSACTING PRESIDENT (AS OF 6/30/2024)30
WYATT DIXONBOARD MEMBER1
HEATHER NORRISBOARD MEMBER1
CLAYTON CHRISTIANASSISTANT VICE CHANCELLOR30
HAROLD SWAIMEXECUTIVE DIRECTOR OF DONOR ENGAGEMENT30
KYLE ALLENGIFT OFFICE, WCOB30
STEPHANIE BILLINGSEXECUTIVE DIRECTOR OF ALUMNI AFFAIRS30
JANE BARGHOTHIFORMER PRESIDENT1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

Cities

Boone

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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