Cardinal Funds Inc
THE MISSION OF CARDINAL FUNDS INC IS TO HOLD BALL STATE UNIVERSITY FOUNDATION SCHOLARSHIP FUNDS FOR CURRENT STUDENTS OR GRADUATES OF THE UNIVERSITY, INDIANA ACADEMY AND BURRIS LABORATORY SCHOOL AS WELL AS FUNDS FOR THE BENEFIT OF OTHER QUALIFIED EXEMPT ORGANIZATIONS THAT SERVE UNIVERSITY STUDENTS, ALUMNI, FACULTY AND STAFF.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$2.8M
+14.9% YoY
Annual Giving
$108K
-21.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$108K
-21.6% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,828,290 | $2,460,905 | $2,579,849 |
| Revenue | $476,628 | $25,806 | $86,713 |
| Expenses | $127,895 | $144,750 | $124,398 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $273,037 | $-136,502 | $-127,066 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Cardinal Funds Inc fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael C Ray | Chair | 1 | — |
| Patrick J Alderdice | Vice Chair | 1 | — |
| Stephen Wachtmann | Secretary/Treasurer | 2 | — |
| David Heeter | Board Member | 1 | — |
| Donald Ray Allen | Board Member (End 3/24) | 2 | — |
| Jean Kramer Crosby | Board Member | 2 | — |
| Marla K Templeton | Board Member | 1 | — |
| Will Cooper | Board Member (Beg 3/24) | 2 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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